Marble Harbor Investment Counsel, LLC

RIA/Wealth

Marble Harbor Investment Counsel, LLC is a RIA/Wealth based in Ann Arbor, MI led by Paul Robert Davis, reporting $1.3B in AUM as of Q3 2025 with MSFT as the largest holding (8% allocation).

CIOPaul Robert Davis

Portfolio Value: $954.0M
Positions: 188
Top Holding: MSFT at 8.03%
Last Reported: Q3 2025

Address3400 Travis Pointe Rd., Suite E, Ann Arbor, MI, 48108, United States

Top Holdings

Largest long holdings in Marble Harbor Investment Counsel, LLC's portfolio (41.4% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Microsoft MSFT	Software - Infrastructure Technology	$76.6M	8.03%	-$939.0K Sold	0.00% 147.8K shares	≤ Q2 2013 Held for 12y 5m+
2 Apple AAPL	Consumer Electronics Technology	$63.5M	6.66%	-$872.1K Sold	0.00% 249.5K shares	≤ Q2 2013 Held for 12y 5m+
3 AbbVie ABBV	Drug Manufacturers - General Healthcare	$42.6M	4.47%	-$208.2K Sold	0.01% 184.2K shares	≤ Q2 2013 Held for 12y 5m+
4 Automatic Data Processing, Inc. ADP	Staffing & Employment Services Industrials	$37.3M	3.91%	-$142.9K Sold	0.03% 127.3K shares	≤ Q2 2013 Held for 12y 5m+
5 Iron Mountain IRM	REIT - Specialty Real Estate	$33.2M	3.48%	-$358.1K Sold	0.11% 325.3K shares	≤ Q2 2013 Held for 12y 5m+
6 O'Reilly Automotive ORLY	Specialty Retail Consumer Cyclical	$31.2M	3.27%	-$331.5K Sold	0.03% 289.3K shares	≤ Q2 2013 Held for 12y 5m+
7 Cisco Systems, Inc. CSCO	Communication Equipment Technology	$31.1M	3.26%	+$17.2K Bought	0.01% 455.0K shares	≤ Q2 2013 Held for 12y 5m+
8 eBay EBAY	Specialty Retail Consumer Cyclical	$28.5M	2.99%	-$37.7K Sold	0.07% 313.8K shares	≤ Q2 2013 Held for 12y 5m+
9 Abbott ABT	Medical - Devices Healthcare	$26.0M	2.73%	-$4.3K Sold	0.01% 194.1K shares	≤ Q2 2013 Held for 12y 5m+
10 Procter & Gamble PG	Household & Personal Products Consumer Defensive	$24.4M	2.56%	-$122.3K Sold	0.01% 158.8K shares	≤ Q2 2013 Held for 12y 5m+

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Marble Harbor Investment Counsel, LLC's latest filing

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Market Value

$954.0M

Prior: $917.4M

Q/Q Change

+3.99%

+$36.6M

Net Flows % of MV

-1.52%

Turnover Ratio

1.55%

New Purchases

4 stocks

$920.7K

Added To

31 stocks

+$6.4M

Sold Out Of

20 stocks

$13.5M

Reduced Holdings

62 stocks

-$8.4M

Increased Positions

Position	Shares Δ	Change
1 iShares 1-3 Year Treasury Bond SHY	New	0 → 3.1K +$259.6K
2 Agnico Eagle Mines AEM	New	0 → 1.5K +$252.8K
3 Quest Diagnostics DGX	New	0 → 1.1K +$205.8K
4 American Electric Power AEP	New	0 → 1.8K +$202.5K
5 Accenture ACN	+69.85%	1.4K → 2.3K +$234.3K

Decreased Positions

Position	Shares Δ	Change
1 Walgreens Boots Alliance WBA	Sold	627.1K → 0 −$7.2M
2 EFT Eaton Vance Floating-Rate Income Trust EFT	Sold	56.5K → 0 −$704.5K
3 LKQ LKQ	Sold	16.1K → 0 −$596.2K
4 EFR Eaton Vance Senior Floating-Rate Fund EFR	Sold	38.5K → 0 −$466.6K
5 Alerian MLP AMLP	Sold	9.0K → 0 −$439.7K

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Analytics

Portfolio insights and performance metrics for Marble Harbor Investment Counsel, LLC

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Sector Allocation

Technology

22.90%

Healthcare

16.40%

Industrials

11.50%

Financial Services

9.40%

Consumer Cyclical

8.80%

Consumer Defensive

7.10%

ETF

7.00%

Real Estate

5.20%

Energy

3.60%

Communication Services

2.80%

Basic Materials

2.30%

Utilities

1.50%

Market Cap Distribution

Mega Cap (> $200B)

45.52%

Large Cap ($10B - $200B)

43.29%

Mid Cap ($2B - $10B)

0.79%

Small Cap ($300M - $2B)

0.05%

Micro Cap ($50M - $300M)

0.00%

Nano Cap (< $50M)

1.70%

N/A (ETF or Unknown)

8.64%

Portfolio Concentration

Top 10 Holdings %

41.35%

Top 20 Holdings %

60.98%

Top 50 Holdings %

87.08%

Top 100 Holdings %

96.38%