13F-HR 1 eps2950.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: March 31, 2008 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 05/08/08 ----------------- ------------- ---------- (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: 106 Form 13F Information Value Total (thousands): $202,833 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 4784 60446 SOLE 49846 10600 Abbott Laboratories Common 002824100 9723 176308 SOLE 130608 45700 Aflac Inc Common 001055102 2706 41674 SOLE 31574 10100 Air Products & Chemicals Inc Common 009158106 4444 48307 SOLE 41807 6500 American Express Common 025816109 1542 35275 SOLE 34775 500 American Intl Group Inc Common 026874107 3548 82049 SOLE 55837 26212 Amgen Inc Common 031162100 724 17350 SOLE 15150 2200 Anadarko Petroleum Corp Common 032511107 340 5400 SOLE 5400 Anheuser Busch Cos Inc Common 035229103 1775 37424 SOLE 30824 6600 Apache Corp Common 037411105 410 3400 SOLE 700 2700 Applied Neurosolutions Common 03823Y104 28 300000 SOLE 300000 Archer-Daniels-Midland Co Common 039483102 658 16000 SOLE 16000 AT&T Inc Common 00206R102 1855 48438 SOLE 46638 1800 Automatic Data Processing Inc Common 053015103 4615 108885 SOLE 77785 31100 Bank of America Corp Common 060505104 1794 47341 SOLE 16841 30500 Bank of New York Mellon Corp Common 064058100 603 14464 SOLE 14464 Berkshire Hathaway Inc Del CL B 084670207 1596 357 SOLE 261 96 Boeing Common 097023105 723 9725 SOLE 9225 500 BP Plc Sponsored ADR 055622104 1769 29175 SOLE 29175 Bristol-Myers Squibb Co Common 110122108 325 15300 SOLE 15300 Broadridge Financial Solutions LLC Common 11133T103 256 14576 SOLE 11251 3325 CDN Superior Energy Common 136644101 33 11000 SOLE 11000 C R Bard Inc Common 067383109 356 3700 SOLE 1500 2200 Chevron Corp Common 166764100 573 6717 SOLE 5809 908 Cisco Systems Inc Common 17275R102 1031 42800 SOLE 36200 6600 Citigroup Inc Common 172967101 1485 69373 SOLE 59024 10349 Coca-Cola Co Common 191216100 3648 59935 SOLE 50535 9400 Colgate-Palmolove Common 194162103 601 7714 SOLE 7714 Costco Wholesale Corp Common 22160k105 298 4601 SOLE 4601 Covidien Ltd Common G2552X108 528 11939 SOLE 11939 CVS Caremark Corp Common 126650100 324 8000 SOLE 7000 1000 Dell Inc Common 24702R101 584 29326 SOLE 1500 27826 Diageo PLC Sponsored ADR 25243Q205 935 11500 SOLE 8300 3200 Duke Energy Holding Corp Common 26441C105 1620 90776 SOLE 6440 84336 DU Pont E I De Nemours & Co Common 263534109 2353 50323 SOLE 50323 Ebay Inc Common 278642103 3116 104450 SOLE 83650 20800 Ecolab Inc Common 278865100 1642 37810 SOLE 27710 10100 Eli Lilly & Co Common 532457108 567 11000 SOLE 10100 900 EMC Corp Common 268648102 648 45200 SOLE 36200 9000 Emerson Electric Common 291011104 2082 40472 SOLE 23272 17200 Encana Corp Common 292505104 219 2900 SOLE 2000 900 Exelon Common 30161N101 207 2550 SOLE 2550 Expeditors Intl of Washington Inc Common 302130109 2164 47900 SOLE 39700 8200 Exxon Mobil Corp Common 30231G102 17348 205116 SOLE 179352 25764 Fiserv Common 337738108 2347 48820 SOLE 39720 9100 General Electric Common 369604103 17261 466399 SOLE 398820 67579 Genzyme Corp Common 372917104 342 4600 SOLE 4600 Goldman Sachs Group Inc Common 38141G104 330 2000 SOLE 2000
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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 -------------- ----- ----- -------- ------- --- ---- ---------- -------- ---- ------ ---- Healthcare Realty Tr Inc Common 421946104 430 16450 SOLE 14250 2200 Hewlett-Packard Co Common 428236103 998 21873 SOLE 21873 Home Depot Inc Common 437076102 471 16862 SOLE 11512 5350 Huntington Bancshares Inc Common 446150104 986 91807 SOLE 57016 34791 Intel Corp Common 458140100 1709 80706 SOLE 56646 24060 Intl Business Machines Common 459200101 1890 16416 SOLE 15516 900 Iron Mountain Inc Common 462846106 3326 125816 SOLE 102291 23525 Johnson & Johnson Common 478160104 2797 43122 SOLE 41622 1500 Johnson Controls Inc Common 478366107 888 26300 SOLE 17700 8600 JP Morgan Chase & Co Common 46625H100 814 18968 SOLE 18572 396 Kimberly-Clark Corp Common 494368103 957 14836 SOLE 14236 600 Lincoln National Corp Common 534187109 363 6993 SOLE 6993 Linear Technology Corp Common 535678106 4525 147452 SOLE 121452 26000 McDonald's Corp Common 580135101 2572 46135 SOLE 34835 11300 Medtronic Inc Common 585055106 2415 49931 SOLE 39631 10300 Merck & Co Common 589331107 1517 39976 SOLE 35476 4500 Microsoft Corp Common 594918104 3451 121604 SOLE 98404 23200 Molex Inc CL A 608554200 2496 114225 SOLE 92375 21850 MRV Communications Inc Common 553477100 16 12000 SOLE 12000 Nokia Corp Sponsored ADR 654902204 394 12400 SOLE 12400 O'Reilly Automotive Inc Common 686091109 402 14100 SOLE 14100 Occidental Petroleum Corp Common 674599105 248 3400 SOLE 3400 Pepsico Inc Common 713448108 6124 84823 SOLE 81173 3650 Petsmart Inc Common 716768106 887 43400 SOLE 31000 12400 Pfizer Inc Common 717081103 3354 160261 SOLE 131961 28300 Philip Morris Int'l Common 718172109 360 7120 SOLE 3320 3800 Praxair Inc Common 74005p104 433 5150 SOLE 5150 Procter & Gamble Co Common 742718109 15916 227148 SOLE 217003 10145 Progressive Corp (Ohio) Common 743315103 1144 71200 SOLE 46500 24700 Qualcomm Inc Common 747525103 243 5950 SOLE 5950 Rockwell Collins Inc Common 774341101 201 3525 SOLE 3525 Rohm & Haas Co Common 775371107 703 13000 SOLE 13000 Royal Dutch Shell PLC SPONS ADR A 780259206 790 11460 SOLE 8960 2500 Schlumberger Common 806857108 3754 43160 SOLE 36060 7100 Sigma-Aldrich Corp Common 826552101 1354 22700 SOLE 22700 Spectra Energy Corp Common 847560109 959 42168 SOLE 42168 Staples Inc Common 855030102 1741 78762 SOLE 71762 7000 Stericycle Inc Common 858912108 901 17500 SOLE 11500 6000 Stryker Corp Common 863667101 1084 16675 SOLE 10775 5900 Suncor Energy Inc Common 867229106 349 3624 SOLE 3624 Target Corp Common 87612E106 791 15615 SOLE 13275 2340 Teva Pharmaceutical Inds Ltd ADR 881624209 1744 37775 SOLE 34075 3700 Tyco Electronics Ltd Common g9144p105 409 11939 SOLE 11939 Tyco International Ltd Common G9143X208 525 11939 SOLE 11939 Unilever N V NY Shs New 904784709 539 16000 SOLE 16000 United Technologies Corp Common 913017109 1327 19284 SOLE 19284 Vanguard Intl Equity Index F EMR MKT ETF 922042858 569 6060 SOLE 6060 Verizon Communications Common 92343V104 359 9850 SOLE 9665 185 Vodafone Group PLC New SPONS ADR NEW 92857W209 2138 72468 SOLE 49806 22662 Vornado Realty Trust Common 929042109 250 2900 SOLE 1900 1000 Wal-Mart Stores Inc Common 931142103 3096 58770 SOLE 46170 12600
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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 -------------- ----- ----- -------- ------- --- ---- ---------- -------- ---- ------ ---- Walgreen Co Common 931422109 2589 67978 SOLE 51678 16300 Walt Disney Holding Co Common 254687106 260 8315 SOLE 8315 Wells Fargo & Co Common 949746101 2286 78588 SOLE 72888 5700 Wm Wrigley Jr. Co Common 982526105 1192 18979 SOLE 17104 1875 Wyeth Common 983024100 2060 49348 SOLE 45000 4348 XTO Energy Inc Common 98385X106 214 3475 SOLE 3475 Zimmer Holdings Inc Common 98956P102 1663 21361 SOLE 16661 4700