Marble Harbor Investment Counsel, LLC

CIK 0001387130 · Q1 2026

13F Equity AUM

$922.9M

-1.4% QoQ

Positions

192

+7 QoQ

AUM Rank

#2,941

Top 24%

Skill Alpha (FF)

-0.2%/yr^ns

No Clear Edge

Rank #2,639 · Top 32%

vs S&P -4.7%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 23.5%Top 10: 37.3%Top 20: 57.0%

AAPL6.6%

MSFT5.6%

ABBV4.2%

CSCO3.8%

IRM3.3%

EBA3.1%

ADP2.8%

ORLY2.7%

PH2.6%

XOM2.5%

Others (182)62.7%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology22.2%

Financial Services17.9%

Healthcare15.9%

Industrials10.8%

Consumer Defensive7.9%

Energy5.7%

Real Estate5.1%

Consumer Cyclical4.7%

Other9.9%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 192Median: 0.08%Avg: 0.52%

0–0.5%

142(14.9%)

0.5–1%

21(16.6%)

1–3%

23(42.0%)

3–5%

4(14.4%)

5%+

2(12.2%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 191Unique: 1vs 20 funds

2.6%Low

192

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

3.6%

BANK OF AMERICA CORP /DE/

3.9%

6.2%

4.5%

4.7%

VANGUARD CAPITAL MANAGEMENT LLC

4.6%

GEODE CAPITAL MANAGEMENT, LLC

4.5%

VANGUARD PORTFOLIO MANAGEMENT LLC

5.3%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New9Increased45Decreased71Exited2

New Positions

GWRE1.0%

+60K

TYL0.9%

+26K

KRE0.1%

+8K

AVGO0.0%

+1K

GD0.0%

+675

IEMG0.0%

+3K

AEP0.0%

+2K

LMT0.0%

+350

FTNT0.0%

+3K

Increased

RSMC0.3%

+104K(+399%)

PYPL1.0%

+12K(+6%)

PCOR0.7%

+7K(+7%)

NKE0.4%

+5K(+9%)

IVOO0.3%

+3K(+16%)

IEFA0.1%

+2K(+45%)

FISV1.5%

+2K(+1%)

NEE0.2%

+2K(+11%)

DC40.8%

+1K(+1%)

BOH0.9%

+1K(+1%)

Decreased

IRM3.3%

-13,546(-4%)

ORLY2.7%

-10,675(-4%)

AAPL6.6%

-7,437(-3%)

SIVR0.4%

-7,260(-13%)

MSFT5.6%

-5,484(-4%)

GLDM0.5%

-5,300(-10%)

WMT1.9%

-3,535(-2%)

DGED0.2%

-3,464(-11%)

ABBV4.2%

-3,407(-2%)

VIOO1.0%

-3,302(-4%)

Exited

FDIQ

-7,150

UPS

-2,155

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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