13F
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HARBOUR INVESTMENTS, INC.

13F equity value
$6.5B
Positions
4,673
Top 10 concentration
18.3%
Quarters / total new picks
16 / 1,979
13F equity value over time
$0M$3B$6B202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 16 quarters, returned +3.2% per quarter — versus +1.7% per quarter from simply owning every 13F stock. It beat that baseline in only 68.8% of quarters (excess t = 1.06, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+1.8%
t-stat
1.06
Quarterly win rate
69%
Annualized excess
+4.5%
$1 → follow vs universe
$1.48 vs $1.25
Cumulative return: $1 invested in new picks vs universe
1.00 20210630: universe 1.08020210930: universe 0.96920211231: universe 0.82520221231: universe 0.76620230331: universe 0.80720230630: universe 0.77820230930: universe 0.88320231231: universe 0.92320240331: universe 0.94420240630: universe 1.03020240930: universe 1.02120241231: universe 0.95320250331: universe 1.03920250630: universe 1.07120250930: universe 1.20420251231: universe 1.246 20210630: follow 1.08920210930: follow 0.93820211231: follow 0.71020221231: follow 0.66920230331: follow 0.70820230630: follow 0.71020230930: follow 0.88820231231: follow 0.91220240331: follow 0.91220240630: follow 1.04920240930: follow 1.04920241231: follow 0.97020250331: follow 1.06320250630: follow 1.10020250930: follow 1.32520251231: follow 1.475 0.62 1.10 1.59 20212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 4673 · 2026 Q1

Ticker Value Weight QoQ
VOO $236M
3.6%
TRIM
QQQ $161M
2.5%
HOLD
SDVY $151M
2.3%
ADD
AAPL $117M
1.8%
ADD
UCON $102M
1.6%
ADD
AVEM $92M
1.4%
ADD
BUFR $88M
1.4%
ADD
IJH $85M
1.3%
HOLD
IVV $81M
1.2%
ADD
CGCP $72M
1.1%
ADD
SPY $63M
1.0%
ADD
RDVY $61M
0.9%
ADD
IVW $60M
0.9%
ADD
IVE $60M
0.9%
ADD
SCHD $59M
0.9%
ADD
FTCB $58M
0.9%
ADD
NVDA $58M
0.9%
ADD
SPYM $57M
0.9%
ADD
PG $56M
0.9%
ADD
VUG $53M
0.8%
ADD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.