13F-HR 1 eps2846.txt MARBLE HARBOR INVESTMENT COUNSEL, LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2007 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: MARBLE HARBOR INVESTMENT COUNSEL, LLC Address: 101 FEDERAL STREET, SUITE 2210 BOSTON, MA 02110 Form 13F File Number: 028-12079 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: Paul R. Davis Title: Managing Member Phone: 617-956-6710 Signature, Place, and Date of Signing: /s/ Paul R. Davis Boston, MA 02/11/08 ----------------- ------------- ---------- (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 reported are 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: 108 Form 13F Information Value Total (thousands): $222,712 List of Other Included Managers: NONE 1 Form 13F-HR Information Table
Title of VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY Name of Issuer Class CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- ----- ----- -------- ------- --- ---- ---------- -------- ---- ------ ---- 3M Company Common 88579Y101 5096 60446 SOLE 55046 5400 Abbott Laboratories Common 002824100 9888 176108 SOLE 144608 31500 Aflac Inc Common 001055102 2581 41214 SOLE 31114 10100 Air Products & Chemicals Inc Common 009158106 4784 48507 SOLE 45007 3500 Altria Group Inc Common 02209S103 538 7120 SOLE 3320 3800 American Express Common 025816109 1913 36775 SOLE 36275 500 American Intl Group Inc Common 026874107 4861 83390 SOLE 60478 22912 Amgen Inc Common 031162100 840 18100 SOLE 15900 2200 Anadarko Petroleum Corp Common 032511107 453 6900 SOLE 6900 Anheuser Busch Cos Inc Common 035229103 2003 38274 SOLE 31674 6600 Apache Corp Common 037411105 397 3700 SOLE 800 2900 Applied Neurosolutions Common 03823Y104 33 300000 SOLE 300000 Archer-Daniels-Midland Co Common 039483102 742 16000 SOLE 16000 AT&T Inc New Common 00206R102 2013 48438 SOLE 46638 1800 Automatic Data Processing Inc Common 053015103 4732 106285 SOLE 92385 13900 Bank of America Corp Common 060505104 2138 51841 SOLE 33841 18000 Bank of New York Co Common 064058100 705 14464 SOLE 14464 Berkshire Hathaway Inc Cl B Common 084670207 1714 362 SOLE 341 21 Boeing Common 097023105 850 9725 SOLE 9225 500 BP Plc Sponsored ADR Common 055622104 2389 32663 SOLE 32663 Bristol-Myers Squibb Co Common 110122108 416 15700 SOLE 15700 Broadridge Financial Solutions LLC Common 11133T103 368 16451 SOLE 13126 3325 CDN Superior Energy Common 136644101 32 11000 SOLE 11000 C R Bard Inc Common 067383109 350 3700 SOLE 1500 2200 Chevron Corp Common 166764100 626 6717 SOLE 5809 908 Cisco Systems Inc Common 17275R102 1067 39450 SOLE 33450 6000 Citigroup Inc Common 172967101 1924 65373 SOLE 55524 9849 Coca-Cola Co Common 191216100 3876 63160 SOLE 54060 9100 Colgate-Palmolove Common 194162103 601 7714 SOLE 7714 Costco Wholesale Corp Common 22160k105 320 4601 SOLE 4601 Covidien Ltd Common g2552x108 528 11939 SOLE 11939 CVS Caremark Corp Common 126650100 318 8000 SOLE 7000 1000 Danaher Corp Common 235851102 219 2500 SOLE 2500 Dell Inc Common 24702R101 750 30626 SOLE 1500 29126 Diageo PLC Sponsored ADR Common 25243Q205 987 11500 SOLE 8300 3200 Duke Energy Holding Corp Common 26441C105 1890 93722 SOLE 9386 84336 E I Dupont Denemours & Co Common 263534109 2228 50553 SOLE 50553 Ebay Inc Common 278642103 2816 84850 SOLE 69450 15400 Ecolab Inc Common 278865100 1897 37060 SOLE 27160 9900 Eli Lilly & Co Common 532457108 608 11400 SOLE 10500 900 EMC Corp Common 268648102 839 45300 SOLE 42300 3000 Emerson Electric Common 291011104 2293 40472 SOLE 23272 17200 Exelon Common 30161N101 208 2550 SOLE 2550 Expeditors Intl of Washington Inc Common 302130109 2193 49100 SOLE 40900 8200 Exxon Mobil Corp Common 30231G102 19724 210526 SOLE 191962 18564 Fiserv Common 337738108 2856 51470 SOLE 42370 9100 General Electric Common 369604103 17518 472574 SOLE 428820 43754
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Title of VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY Name of Issuer Class CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- ----- ----- -------- ------- --- ---- ---------- -------- ---- ------ ---- Genzyme Corp Common 372917104 409 5500 SOLE 5500 Goldman Sachs Group Inc Common 38141G104 430 2000 SOLE 2000 Healthcare Realty Tr Inc Common 421946104 412 16250 SOLE 14050 2200 Hewlett-Packard Co Common 428236103 1104 21873 SOLE 21873 Home Depot Inc Common 437076102 521 19362 SOLE 14012 5350 Huntington Bancshares Inc Common 446150104 1402 95007 SOLE 60216 34791 Intel Corp Common 458140100 2151 80706 SOLE 56646 24060 Intl Business Machines Common 459200101 1934 17896 SOLE 16996 900 Iron Mountain Inc Common 462846106 4520 122116 SOLE 100041 22075 Johnson & Johnson Common 478160104 3283 49222 SOLE 47722 1500 Johnson Controls Inc Common 478366107 1027 28500 SOLE 18900 9600 JP Morgan Chase & Co Common 46625H100 827 18968 SOLE 18572 396 Kimberly-Clark Corp Common 494368103 1028 14836 SOLE 14236 600 Lincoln National Corp Common 534187109 407 6993 SOLE 6993 Linear Technology Corp Common 535678106 4454 139952 SOLE 114952 25000 McDonald's Corp Common 580135101 2722 46210 SOLE 39910 6300 Medtronic Inc Common 585055106 2494 49631 SOLE 39631 10000 Merck & Co Common 589331107 2323 39976 SOLE 35476 4500 Microsoft Corp Common 594918104 4300 120804 SOLE 100404 20400 Molex Inc Cl A Common 608554200 3000 114225 SOLE 97625 16600 MRV Communications Inc Common 553477100 27 12000 SOLE 12000 Nokia Corp Spons ADR Common 654902204 545 14200 SOLE 14200 Novellus Systems Inc Common 670008101 220 8000 SOLE 8000 O'Reilly Automotive Inc Common 686091109 531 16400 SOLE 16300 100 Occidental Petroleum Corp Common 674599105 261 3400 SOLE 3400 Pall Corp Common 696429307 241 6000 SOLE 6000 Pepsico Inc Common 713448108 6521 85923 SOLE 82273 3650 Petsmart Inc Common 716768106 701 29800 SOLE 25400 4400 Pfizer Inc Common 717081103 3647 160461 SOLE 132161 28300 Praxair Inc Common 74005p104 470 5300 SOLE 5300 Procter & Gamble Co Common 742718109 16695 227400 SOLE 217085 10315 Progressive Corp (Ohio) Common 743315103 1287 67200 SOLE 44200 23000 Qualcomm Inc Common 747525103 234 5950 SOLE 5950 Rockwell Collins Inc Common 774341101 253 3525 SOLE 3525 Rohm & Haas Co Common 775371107 822 15500 SOLE 15500 Royal Dutch Shell PLC Spons ADR A Common 780259206 964 11460 SOLE 8960 2500 Schlumberger Common 806857108 3508 35670 SOLE 29870 5800 Sigma-Aldrich Corp Common 826552101 1403 25700 SOLE 25700 Spectra Energy Corp Common 847560109 1088 42168 SOLE 42168 Staples Inc Common 855030102 1821 78962 SOLE 74762 4200 Stericycle Inc Common 858912108 1288 21700 SOLE 13500 8200 Stryker Corp Common 863667101 1208 16175 SOLE 12275 3900 Sysco Corp Common 871829107 401 12850 SOLE 6350 6500 Target Corp Common 87612E106 780 15615 SOLE 13275 2340 Teva Pharmaceutical Inds ADR Common 881624209 1760 37875 SOLE 36675 1200
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Title of VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY Name of Issuer Class CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- ----- ----- -------- ------- --- ---- ---------- -------- ---- ------ ---- Tyco Electronics Ltd Common g9144p105 443 11939 SOLE 11939 Tyco International Ltd Common G9143X208 473 11939 SOLE 11939 Unilever NV NY Shs New Common 904784709 802 22000 SOLE 22000 United Parcel Service Cl B Common 911312106 1043 14750 SOLE 11950 2800 United Technologies Corp Common 913017109 1521 19884 SOLE 19884 Vanguard Emerging Markets ETF Common 922042858 673 6460 SOLE 6460 Verizon Communications Common 92343V104 430 9850 SOLE 9665 185 Vodafone Group PLC Spons ADR Common 92857W209 2704 72468 SOLE 59056 13412 Vornado Realty Trust Common 929042109 255 2900 SOLE 1900 1000 Wal-Mart Stores Inc Common 931142103 3078 64770 SOLE 52770 12000 Walgreen Co Common 931422109 2512 65978 SOLE 52678 13300 Walt Disney Holding Co Common 254687106 265 8215 SOLE 8215 Wells Fargo & Co Common 949746101 2248 74488 SOLE 69488 5000 Wm Wrigley Jr. Co Common 982526105 1111 18979 SOLE 18604 375 Wyeth Common 983024100 2306 52206 SOLE 47858 4348 Zimmer Holdings Inc Common 98956P102 1302 19686 SOLE 15186 4500