# EDGAR Filing Document

**Accession Number:** 0001275880
**File Stem:** 0001275880-26-000002
**Filing Date:** 2026-2
**Character Count:** 13524
**Document Hash:** a43cc3ff64f78b3a98ba89f476dcd0f4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001275880-26-000002.hdr.sgml**: 20260212

**ACCESSION NUMBER**: 0001275880-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260212

**DATE AS OF CHANGE**: 20260212

**EFFECTIVENESS DATE**: 20260212

**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:** 26625500

**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:** 12-31-2025

**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 Shah  Edmonds, WA  02-12-2026<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:** 99

**Form 13F Information Table Value Total:** $188594297

      (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 |
| PFIZER INC | COM | 717081103 |  | 647027 | 25985 | SH |  | SOLE |  | 25085 | 0 | 900 |
| DANAHER CORPORATION | COM | 235851102 |  | 1685602 | 7353 | SH |  | SOLE |  | 7033 | 0 | 320 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 633888 | 3063 | SH |  | SOLE |  | 3063 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 433386 | 1345 | SH |  | SOLE |  | 1345 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 273703 | 472 | SH |  | SOLE |  | 433 | 0 | 39 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 1188495 | 11982 | SH |  | SOLE |  | 11237 | 0 | 745 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 4591708 | 9135 | SH |  | SOLE |  | 8616 | 0 | 519 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 1348122 | 24993 | SH |  | SOLE |  | 23643 | 0 | 1350 |
| BROADCOM INC | COM | 11135F101 |  | 6617498 | 19120 | SH |  | SOLE |  | 18170 | 0 | 950 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1980263 | 12993 | SH |  | SOLE |  | 12249 | 0 | 744 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 964992 | 12212 | SH |  | SOLE |  | 11752 | 0 | 460 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 1160541 | 11355 | SH |  | SOLE |  | 10575 | 0 | 780 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 2521179 | 8588 | SH |  | SOLE |  | 8097 | 0 | 491 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 2435642 | 8436 | SH |  | SOLE |  | 7686 | 0 | 750 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 2873702 | 56480 | SH |  | SOLE |  | 53980 | 0 | 2500 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1808429 | 12619 | SH |  | SOLE |  | 11482 | 0 | 1137 |
| RTX CORPORATION | COM | 75513E101 |  | 2982155 | 16260 | SH |  | SOLE |  | 15900 | 0 | 360 |
| STARBUCKS CORP | COM | 855244109 |  | 2829793 | 33604 | SH |  | SOLE |  | 32219 | 0 | 1385 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 1849237 | 13853 | SH |  | SOLE |  | 12923 | 0 | 930 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 10490366 | 12165 | SH |  | SOLE |  | 11540 | 0 | 625 |
| INTEL CORP | COM | 458140100 |  | 1091199 | 29572 | SH |  | SOLE |  | 28647 | 0 | 925 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 242206 | 394 | SH |  | SOLE |  | 394 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1217850 | 6530 | SH |  | SOLE |  | 5520 | 0 | 1010 |
| ABBOTT LABS | COM | 002824100 |  | 2414589 | 19272 | SH |  | SOLE |  | 18447 | 0 | 825 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 1792510 | 9660 | SH |  | SOLE |  | 9295 | 0 | 365 |
| INVESCO EXCH TRADED FD TR II | S SMLCP INFO | 46138E115 |  | 1980308 | 34984 | SH |  | SOLE |  | 34534 | 0 | 450 |
| PACCAR INC | COM | 693718108 |  | 3425199 | 30889 | SH |  | SOLE |  | 30339 | 0 | 550 |
| PEPSICO INC | COM | 713448108 |  | 1509605 | 10415 | SH |  | SOLE |  | 9955 | 0 | 460 |
| SHELL PLC | SPON ADS | 780259305 |  | 1458798 | 19853 | SH |  | SOLE |  | 19553 | 0 | 300 |
| SNAP ON INC | COM | 833034101 |  | 2344658 | 6804 | SH |  | SOLE |  | 6409 | 0 | 395 |
| VISA INC | COM CL A | 92826C839 |  | 1684460 | 4803 | SH |  | SOLE |  | 4493 | 0 | 310 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 3102305 | 14120 | SH |  | SOLE |  | 13420 | 0 | 700 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 8244894 | 162402 | SH |  | SOLE |  | 156636 | 0 | 5766 |
| VANGUARD INSTL INDEX FD | 0-3 MO TREAS BIL | 922040845 |  | 2985595 | 39581 | SH |  | SOLE |  | 38457 | 0 | 1124 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 4291552 | 13676 | SH |  | SOLE |  | 12916 | 0 | 760 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 1181826 | 12625 | SH |  | SOLE |  | 12295 | 0 | 330 |
| ISHARES INC | MSCI GERMANY ETF | 464286806 |  | 717103 | 16873 | SH |  | SOLE |  | 15888 | 0 | 985 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 730838 | 6930 | SH |  | SOLE |  | 6780 | 0 | 150 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 1613288 | 6531 | SH |  | SOLE |  | 6311 | 0 | 220 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 995427 | 9761 | SH |  | SOLE |  | 8811 | 0 | 950 |
| BLACKROCK INC | COM | 09290D101 |  | 2426461 | 2267 | SH |  | SOLE |  | 2150 | 0 | 117 |
| COCA COLA CO | COM | 191216100 |  | 2024384 | 28957 | SH |  | SOLE |  | 27907 | 0 | 1050 |
| KENVUE INC | COM | 49177J102 |  | 564317 | 32714 | SH |  | SOLE |  | 31405 | 0 | 1309 |
| MICROSOFT CORP | COM | 594918104 |  | 20123011 | 41609 | SH |  | SOLE |  | 39384 | 0 | 2225 |
| SELECT SECTOR SPDR TR | STATE STREET MAT | 81369Y100 |  | 2423776 | 53446 | SH |  | SOLE |  | 52446 | 0 | 1000 |
| STRYKER CORPORATION | COM | 863667101 |  | 3290244 | 9338 | SH |  | SOLE |  | 8868 | 0 | 470 |
| DISNEY WALT CO | COM | 254687106 |  | 1074552 | 9381 | SH |  | SOLE |  | 9156 | 0 | 225 |
| WISDOMTREE TR | INDIA ERNGS FD | 97717W422 |  | 437626 | 9454 | SH |  | SOLE |  | 8789 | 0 | 665 |
| AMAZON COM INC | COM | 023135106 |  | 6361630 | 27561 | SH |  | SOLE |  | 26786 | 0 | 775 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 972679 | 5012 | SH |  | SOLE |  | 4837 | 0 | 175 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 2322500 | 28930 | SH |  | SOLE |  | 26780 | 0 | 2150 |
| PHILLIPS 66 | COM | 718546104 |  | 1224332 | 9488 | SH |  | SOLE |  | 9163 | 0 | 325 |
| TOTALENERGIES SE | ACT | F92124100 |  | 453622 | 6934 | SH |  | SOLE |  | 6629 | 0 | 305 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1101577 | 3337 | SH |  | SOLE |  | 3332 | 0 | 5 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 2710887 | 10470 | SH |  | SOLE |  | 9830 | 0 | 640 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 4858363 | 28787 | SH |  | SOLE |  | 27322 | 0 | 1465 |
| SELECT SECTOR SPDR TR | STATE STREET REA | 81369Y860 |  | 362948 | 8995 | SH |  | SOLE |  | 8045 | 0 | 950 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 |  | 7058092 | 141615 | SH |  | SOLE |  | 130327 | 0 | 11288 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 883010 | 36731 | SH |  | SOLE |  | 36419 | 0 | 312 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 365760 | 12164 | SH |  | SOLE |  | 12164 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 214924 | 7547 | SH |  | SOLE |  | 7547 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 755763 | 1907 | SH |  | SOLE |  | 1907 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 284380 | 416 | SH |  | SOLE |  | 416 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 504501 | 833 | SH |  | SOLE |  | 833 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 8900647 | 32740 | SH |  | SOLE |  | 31537 | 0 | 1203 |
| CISCO SYS INC | COM | 17275R102 |  | 1328768 | 17250 | SH |  | SOLE |  | 17080 | 0 | 170 |
| ISHARES TR | CORE S ETF | 464287200 |  | 644529 | 941 | SH |  | SOLE |  | 879 | 0 | 62 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 575181 | 5370 | SH |  | SOLE |  | 5370 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 533744 | 8544 | SH |  | SOLE |  | 8442 | 0 | 102 |
| SAP SE | SPON ADR | 803054204 |  | 1034068 | 4257 | SH |  | SOLE |  | 4217 | 0 | 40 |
| J P MORGAN EXCHANGE TRADED F | SHORT DURA CORE | 46641Q274 |  | 896722 | 18785 | SH |  | SOLE |  | 16695 | 0 | 2090 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 255780 | 1960 | SH |  | SOLE |  | 1830 | 0 | 130 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHT MUNCPL | 46641Q654 |  | 1597520 | 31295 | SH |  | SOLE |  | 30895 | 0 | 400 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 241725 | 275 | SH |  | SOLE |  | 275 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 330486 | 2960 | SH |  | SOLE |  | 2672 | 0 | 288 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 692043 | 2211 | SH |  | SOLE |  | 2211 | 0 | 0 |
| FAIR ISAAC CORP | COM | 303250104 |  | 304312 | 180 | SH |  | SOLE |  | 180 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 356640 | 1019 | SH |  | SOLE |  | 991 | 0 | 28 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 287837 | 590 | SH |  | SOLE |  | 590 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 700575 | 26034 | SH |  | SOLE |  | 26034 | 0 | 0 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 1254484 | 24945 | SH |  | SOLE |  | 24945 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 2943748 | 4694 | SH |  | SOLE |  | 4694 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 203473 | 550 | SH |  | SOLE |  | 550 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 229982 | 214 | SH |  | SOLE |  | 214 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 719152 | 5976 | SH |  | SOLE |  | 5476 | 0 | 500 |
| NETFLIX INC | COM | 64110L106 |  | 464112 | 4950 | SH |  | SOLE |  | 4950 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL ENR | 46137V365 |  | 204613 | 2571 | SH |  | SOLE |  | 2571 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | FLEXIBLE DEBT ET | 46654Q559 |  | 456806 | 9096 | SH |  | SOLE |  | 9096 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | RAFI DVLPD MRKTS | 46138E743 |  | 516953 | 7887 | SH |  | SOLE |  | 7887 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1500 | 46137V597 |  | 504974 | 11004 | SH |  | SOLE |  | 11004 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 340838 | 7539 | SH |  | SOLE |  | 7539 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 |  | 1616029 | 59391 | SH |  | SOLE |  | 59391 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 |  | 390724 | 12400 | SH |  | SOLE |  | 12400 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 503518 | 1952 | SH |  | SOLE |  | 1952 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 474103 | 3361 | SH |  | SOLE |  | 3361 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 754800 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| ABRDN SILVER ETF TRUST | PHYSCL SILVR SHS | 003264108 |  | 1758640 | 26000 | SH |  | SOLE |  | 26000 | 0 | 0 |
| ETFS GOLD TR | PHYSCL GOLD SHS | 00326A104 |  | 1419314 | 34550 | SH |  | SOLE |  | 34550 | 0 | 0 |
| PROTALIX BIOTHERAPEUTICS INC | COM | 74365A309 |  | 18180 | 10100 | SH |  | SOLE |  | 10100 | 0 | 0 |

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