# EDGAR Filing Document

**Accession Number:** 0001275880
**File Stem:** 0001275880-25-000009
**Filing Date:** 2025-7
**Character Count:** 13083
**Document Hash:** 60cfddcce397873f7e3f3c3f87acf2ff
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001275880-25-000009.hdr.sgml**: 20250731

**ACCESSION NUMBER**: 0001275880-25-000009

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250731

**DATE AS OF CHANGE**: 20250731

**EFFECTIVENESS DATE**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HARBOUR INVESTMENT MANAGEMENT LLC
- **CENTRAL INDEX KEY:** 0001275880

**ORGANIZATION NAME:**
- **EIN:** 912093427
- **STATE OF INCORPORATION:** WA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10605
- **FILM NUMBER:** 251170547

**BUSINESS ADDRESS:**
- **STREET 1:** 152 3RD AVE S STE 103B
- **CITY:** EDMONDS
- **STATE:** WA
- **ZIP:** 98020
- **BUSINESS PHONE:** 4257421557

**MAIL ADDRESS:**
- **STREET 1:** 152 3RD AVE S STE 103B
- **CITY:** EDMONDS
- **STATE:** WA
- **ZIP:** 98020

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** HARBOUR INVESTMENT MANAGEMENT LLC<br>**Address:** 152 3RD AVE S STE 103B<br>EDMONDS, WA 98020

**Form 13F File Number:** 028-10605

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Aalok Shah<br>**Title:** Principal<br>**Phone:** 4257421557

**Signature, Place, and Date of Signing:**

Aalok K Shah  Edmonds, WA  07-31-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 95

**Form 13F Information Table Value Total:** $231202889

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AMAZON COM INC | COM | 023135106 |  | 8497852 | 38734 | SH |  | SOLE |  | 37959 | 0 | 775 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 4827192 | 15575 | SH |  | SOLE |  | 14915 | 0 | 660 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 1478766 | 8585 | SH |  | SOLE |  | 8360 | 0 | 225 |
| BROADCOM INC | COM | 11135F101 |  | 7539303 | 27351 | SH |  | SOLE |  | 26401 | 0 | 950 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 3171176 | 14333 | SH |  | SOLE |  | 13968 | 0 | 365 |
| CHEVRON CORP NEW | COM | 166764100 |  | 2599901 | 18157 | SH |  | SOLE |  | 17432 | 0 | 725 |
| COCA COLA CO | COM | 191216100 |  | 2897986 | 40672 | SH |  | SOLE |  | 39622 | 0 | 1050 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 1451491 | 15968 | SH |  | SOLE |  | 15508 | 0 | 460 |
| INVESCO EXCH TRADED FD TR II | S SMLCP INFO | 46138E115 |  | 2386169 | 51604 | SH |  | SOLE |  | 51154 | 0 | 450 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 5112143 | 40409 | SH |  | SOLE |  | 38794 | 0 | 1615 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 2194719 | 16861 | SH |  | SOLE |  | 16031 | 0 | 830 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 2899326 | 41765 | SH |  | SOLE |  | 39415 | 0 | 2350 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 3153294 | 12319 | SH |  | SOLE |  | 11369 | 0 | 950 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1310609 | 8295 | SH |  | SOLE |  | 7265 | 0 | 1030 |
| PFIZER INC | COM | 717081103 |  | 793254 | 32725 | SH |  | SOLE |  | 31625 | 0 | 1100 |
| PHILLIPS 66 | COM | 718546104 |  | 1704558 | 14288 | SH |  | SOLE |  | 13763 | 0 | 525 |
| SNAP ON INC | COM | 833034101 |  | 3158477 | 10150 | SH |  | SOLE |  | 9515 | 0 | 635 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 2849259 | 32448 | SH |  | SOLE |  | 31948 | 0 | 500 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 1676412 | 16608 | SH |  | SOLE |  | 15863 | 0 | 745 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 2298147 | 18053 | SH |  | SOLE |  | 17123 | 0 | 930 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 4870434 | 21285 | SH |  | SOLE |  | 20535 | 0 | 750 |
| DANAHER CORPORATION | COM | 235851102 |  | 2192882 | 11083 | SH |  | SOLE |  | 10763 | 0 | 320 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 763903 | 5001 | SH |  | SOLE |  | 5001 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 389929 | 1345 | SH |  | SOLE |  | 1345 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 3760540 | 27649 | SH |  | SOLE |  | 26724 | 0 | 925 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 3241447 | 18273 | SH |  | SOLE |  | 17513 | 0 | 760 |
| APPLE INC | COM | 037833100 |  | 10792110 | 52601 | SH |  | SOLE |  | 51098 | 0 | 1503 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 5734515 | 11805 | SH |  | SOLE |  | 11286 | 0 | 519 |
| BLACKROCK INC | COM | 09290D101 |  | 3570598 | 3403 | SH |  | SOLE |  | 3271 | 0 | 132 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 18022848 | 18206 | SH |  | SOLE |  | 17481 | 0 | 725 |
| ISHARES INC | MSCI GERMANY ETF | 464286806 |  | 965641 | 22823 | SH |  | SOLE |  | 21838 | 0 | 985 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 5881009 | 116042 | SH |  | SOLE |  | 111342 | 0 | 4700 |
| MICROSOFT CORP | COM | 594918104 |  | 29798846 | 59908 | SH |  | SOLE |  | 57493 | 0 | 2415 |
| PACCAR INC | COM | 693718108 |  | 4863270 | 51160 | SH |  | SOLE |  | 50610 | 0 | 550 |
| PEPSICO INC | COM | 713448108 |  | 1869026 | 14155 | SH |  | SOLE |  | 13695 | 0 | 460 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 2785392 | 17483 | SH |  | SOLE |  | 16249 | 0 | 1234 |
| RTX CORPORATION | COM | 75513E101 |  | 3517532 | 24089 | SH |  | SOLE |  | 23679 | 0 | 410 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 536803 | 12960 | SH |  | SOLE |  | 12010 | 0 | 950 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1645954 | 5276 | SH |  | SOLE |  | 5271 | 0 | 5 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 1191006 | 11430 | SH |  | SOLE |  | 11230 | 0 | 200 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 1241238 | 13625 | SH |  | SOLE |  | 12555 | 0 | 1070 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 1404346 | 30338 | SH |  | SOLE |  | 28988 | 0 | 1350 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 3237090 | 12905 | SH |  | SOLE |  | 12114 | 0 | 791 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 5691458 | 82461 | SH |  | SOLE |  | 79961 | 0 | 2500 |
| STARBUCKS CORP | COM | 855244109 |  | 4239170 | 46264 | SH |  | SOLE |  | 44679 | 0 | 1585 |
| INTEL CORP | COM | 458140100 |  | 835000 | 37277 | SH |  | SOLE |  | 36152 | 0 | 1125 |
| SHELL PLC | SPON ADS | 780259305 |  | 2157222 | 30638 | SH |  | SOLE |  | 30338 | 0 | 300 |
| VISA INC | COM CL A | 92826C839 |  | 2220128 | 6253 | SH |  | SOLE |  | 5943 | 0 | 310 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 1443468 | 16085 | SH |  | SOLE |  | 15705 | 0 | 380 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 2693955 | 9551 | SH |  | SOLE |  | 9331 | 0 | 220 |
| KENVUE INC | COM | 49177J102 |  | 1141501 | 54539 | SH |  | SOLE |  | 52957 | 0 | 1582 |
| KNIFE RIVER CORP | COMMON STOCK | 498894104 |  | 243940 | 2988 | SH |  | SOLE |  | 2802 | 0 | 186 |
| STRYKER CORPORATION | COM | 863667101 |  | 5299218 | 13366 | SH |  | SOLE |  | 12816 | 0 | 550 |
| DISNEY WALT CO | COM | 254687106 |  | 1806924 | 14513 | SH |  | SOLE |  | 14288 | 0 | 225 |
| WISDOMTREE TR | INDIA ERNGS FD | 97717W422 |  | 386263 | 8137 | SH |  | SOLE |  | 7572 | 0 | 565 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 |  | 512465 | 8214 | SH |  | SOLE |  | 7859 | 0 | 355 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 453499 | 3260 | SH |  | SOLE |  | 3130 | 0 | 130 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 483492 | 3762 | SH |  | SOLE |  | 3762 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 807001 | 36516 | SH |  | SOLE |  | 36204 | 0 | 312 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 341190 | 12164 | SH |  | SOLE |  | 12164 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 642277 | 2107 | SH |  | SOLE |  | 2107 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 207914 | 336 | SH |  | SOLE |  | 336 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 473520 | 833 | SH |  | SOLE |  | 833 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 1986696 | 28635 | SH |  | SOLE |  | 28465 | 0 | 170 |
| SAP SE | SPON ADR | 803054204 |  | 2116232 | 6959 | SH |  | SOLE |  | 6919 | 0 | 40 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 |  | 2295186 | 46028 | SH |  | SOLE |  | 39203 | 0 | 6825 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHT MUNCPL | 46641Q654 |  | 1641661 | 32240 | SH |  | SOLE |  | 31840 | 0 | 400 |
| WALMART INC | COM | 931142103 |  | 300470 | 3073 | SH |  | SOLE |  | 2785 | 0 | 288 |
| FAIR ISAAC CORP | COM | 303250104 |  | 383872 | 210 | SH |  | SOLE |  | 210 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 513006 | 2911 | SH |  | SOLE |  | 2911 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 730453 | 6776 | SH |  | SOLE |  | 6276 | 0 | 500 |
| HONEYWELL INTL INC | COM | 438516106 |  | 203770 | 875 | SH |  | SOLE |  | 813 | 0 | 62 |
| ADOBE INC | COM | 00724F101 |  | 394231 | 1019 | SH |  | SOLE |  | 991 | 0 | 28 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 258954 | 590 | SH |  | SOLE |  | 590 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 636271 | 26034 | SH |  | SOLE |  | 26034 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 517176 | 4950 | SH |  | SOLE |  | 4950 | 0 | 0 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 1223053 | 24945 | SH |  | SOLE |  | 24945 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 972889 | 3050 | SH |  | SOLE |  | 3050 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 228070 | 309 | SH |  | SOLE |  | 309 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 649478 | 485 | SH |  | SOLE |  | 485 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 313953 | 1436 | SH |  | SOLE |  | 1436 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 275301 | 4829 | SH |  | SOLE |  | 4727 | 0 | 102 |
| INVESCO EXCH TRADED FD TR II | RAFI DVLPD MRKTS | 46138E743 |  | 452872 | 7887 | SH |  | SOLE |  | 7887 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1500 | 46137V597 |  | 447533 | 11004 | SH |  | SOLE |  | 11004 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 301711 | 7539 | SH |  | SOLE |  | 7539 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 |  | 1457455 | 59391 | SH |  | SOLE |  | 59391 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 |  | 355260 | 12400 | SH |  | SOLE |  | 12400 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 2673383 | 4692 | SH |  | SOLE |  | 4692 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 464123 | 1952 | SH |  | SOLE |  | 1952 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 728800 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| ABRDN SILVER ETF TRUST | PHYSCL SILVR SHS | 003264108 |  | 894660 | 26000 | SH |  | SOLE |  | 26000 | 0 | 0 |
| ETFS GOLD TR | PHYSCL GOLD SHS | 00326A104 |  | 1089707 | 34550 | SH |  | SOLE |  | 34550 | 0 | 0 |
| PROTALIX BIOTHERAPEUTICS INC | COM | 74365A309 |  | 14948 | 10100 | SH |  | SOLE |  | 10100 | 0 | 0 |
| SENSEONICS HLDGS INC | COM | 81727U105 |  | 5479 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 320238 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |

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