13F-HR 1 eps3390.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, 2009 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 05/07/09 ----------------- ------------- ---------- (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: 101 Form 13F Information Value Total (thousands): $135,187 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 2624 52786 SOLE 45686 7100 Abbott Laboratories Common 002824100 7981 167337 SOLE 139254 28083 Aflac Inc Common 001055102 1069 55258 SOLE 46158 9100 Air Products & Chemicals Inc Common 009158106 2454 43636 SOLE 41864 1772 American Intl Group Inc Common 026874107 22 22770 SOLE 8768 14002 Amgen Inc Common 031162100 767 15500 SOLE 13800 1700 Apache Corp Common 037411105 403 6300 SOLE 3700 2600 Applied Neurosolutions Common 03823Y104 4 300000 SOLE 300000 Archer-Daniels-Midland Co Common 039483102 277 10000 SOLE 5000 5000 AT&T Inc Common 00206R102 1326 52631 SOLE 41731 10900 Automatic Data Processing Inc Common 053015103 4008 114004 SOLE 93254 20750 Bank of America Corp Common 060505104 191 28131 SOLE 10131 18000 Bank of New York Mellon Corp Common 064058100 399 14131 SOLE 14131 BBH International Common 05528X307 113 12782 SOLE 12782 Berkshire Hathaway Inc Class B 084670207 809 287 SOLE 186 101 Boeing Common 097023105 270 7600 SOLE 5400 2200 BP Plc Sponsored ADR 055622104 1163 29011 SOLE 23511 5500 Bristol-Myers Squibb Co Common 110122108 258 11800 SOLE 8800 3000 CDN Superior Energy Common 136644101 5 11000 SOLE 11000 C R Bard Inc Common 067383109 263 3300 SOLE 1500 1800 Chevron Corp Common 166764100 1231 18317 SOLE 17409 908 Chubb Corp Common 171232101 478 11312 SOLE 11312 Cisco Systems Inc Common 17275R102 2426 144682 SOLE 137024 7658 Coca-Cola Co Common 191216100 2807 63883 SOLE 45627 18256 Colgate-Palmolove Common 194162103 512 8694 SOLE 8694 Costco Wholesale Corp Common 22160k105 208 4500 SOLE 4500 Covidien Ltd Common g2552x108 425 12814 SOLE 6404 6410 CVS Caremark Corp Common 126650100 244 8880 SOLE 7880 1000 Danaher Corp Com Common 235851102 300 5550 SOLE 5550 Dell Inc Common 24702R101 265 28026 SOLE 1000 27026 Dentsply International Inc New Common 249030107 209 7800 SOLE 7800 Diageo PLC Sponsored ADR 25243Q205 868 19406 SOLE 17598 1808 Duke Energy Holding Corp Common 26441C105 1318 92076 SOLE 7740 84336 E I Dupont Denemours & Co Common 263534109 994 44523 SOLE 44523 Ebay Inc Common 278642103 224 17850 SOLE 10850 7000 Ecolab Inc Common 278865100 1634 47062 SOLE 38458 8604 Edwards Lifesciences Corp Common 28176e108 557 9200 SOLE 9200 Eli Lilly & Co Common 532457108 367 11000 SOLE 10100 900 EMC Corp Common 268648102 503 44200 SOLE 41200 3000 Emerson Electric Common 291011104 1253 43854 SOLE 30654 13200 Encana Corp Common 292505104 424 10455 SOLE 9755 700 Expeditors Intl of Washington Inc Common 302130109 1677 59284 SOLE 51884 7400 Exxon Mobil Corp Common 30231G102 14621 214702 SOLE 195524 19178 Fiserv Common 337738108 2252 61778 SOLE 44028 17750 General Electric Common 369604103 4439 439087 SOLE 352787 86300 Genzyme Corp Common 372917104 434 7317 SOLE 7317 Gilead Sciences Inc Com Common 375558103 209 4525 SOLE 4525 Healthcare Realty Tr Inc Common 421946104 596 39800 SOLE 36600 3200 Hewlett-Packard Co Common 428236103 702 21923 SOLE 17099 4824
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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 -------------- ----- ----- -------- ------- --- ---- ---------- -------- ---- ------ ---- Huntington Bancshares Inc Common 446150104 115 69793 SOLE 54394 15399 Idexx Labs Inc Com Common 45168D104 505 14605 SOLE 12305 2300 Intel Corp Common 458140100 1210 80506 SOLE 51446 29060 Intl Business Machines Common 459200101 1304 13463 SOLE 10143 3320 Iron Mountain Inc Common 462846106 3869 174527 SOLE 139104 35423 Ishares Tr S&P NA SEMICND 464287523 601 19300 SOLE 11250 8050 Johnson & Johnson Common 478160104 2815 53536 SOLE 46706 6830 Johnson Controls Inc Common 478366107 264 22000 SOLE 13400 8600 JP Morgan Chase & Co Common 46625H100 533 20053 SOLE 15880 4173 Kimberly-Clark Corp Common 494368103 530 11508 SOLE 7108 4400 Linear Technology Corp Common 535678106 3435 149507 SOLE 114953 34554 McDonald's Corp Common 580135101 1711 31355 SOLE 27555 3800 Medtronic Inc Common 585055106 1342 45542 SOLE 36292 9250 Merck & Co Common 589331107 1526 57066 SOLE 52566 4500 Microsoft Corp Common 594918104 2381 129630 SOLE 99512 30118 Molex Inc Class A 608554200 696 55100 SOLE 44500 10600 MRV Communications Inc Common 553477100 3 12000 SOLE 12000 Nokia Corp Spons ADR 654902204 144 12400 SOLE 12400 O'Reilly Automotive Inc Common 686091109 583 16669 SOLE 16669 Pepsico Inc Common 713448108 4638 90103 SOLE 81418 8685 Petsmart Inc Common 716768106 1263 60305 SOLE 47405 12900 Pfizer Inc Common 717081103 2574 189055 SOLE 167853 21202 Philip Morris Int'l Common 718172109 279 7855 SOLE 4055 3800 DEUTSCHE BK AG LONDON BRH PS CR OIL DD ETN 25154k882 41 15000 SOLE 7500 7500 Praxair Inc Common 74005p104 752 11186 SOLE 11186 Procter & Gamble Co Common 742718109 10657 226323 SOLE 210288 16035 Progressive Corp (Ohio) Common 743315103 939 69900 SOLE 43950 25950 Qualcomm Inc Common 747525103 444 11417 SOLE 11417 Rohm & Haas Co Common 775371107 630 8000 SOLE 4000 4000 Royal Dutch Shell PLC Spons ADR A 780259206 489 11051 SOLE 8551 2500 Schlumberger Common 806857108 1684 41460 SOLE 36500 4960 Sigma-Aldrich Corp Common 826552101 765 20260 SOLE 14495 5765 SPDR SERIES TRUST OILGAS EQUIP 78464a748 508 30450 SOLE 16600 13850 Spectra Energy Corp Common 847560109 603 42668 SOLE 500 42168 Staples Inc Common 855030102 1917 105862 SOLE 101662 4200 Stericycle Inc Common 858912108 1439 30168 SOLE 24368 5800 Stryker Corp Common 863667101 914 26856 SOLE 22956 3900 Teva Pharmaceutical Inds ADR 881624209 1890 41975 SOLE 40775 1200 Tyco Electronics Ltd Common g9144p105 119 10821 SOLE 5410 5411 Tyco International Ltd Common h89128104 255 13063 SOLE 6402 6661 Unilever NV NY Shs New 904784709 294 15000 SOLE 8000 7000 United Technologies Corp Common 913017109 1181 27494 SOLE 27494 VANGUARD INTL EQUITY INDEX F EMR MKT ETF 922042858 595 25285 SOLE 24285 1000 Verizon Communications Common 92343V104 404 13398 SOLE 13213 185 Vodafone Group PLC Spons ADR 92857W209 1069 61411 SOLE 40097 21314 Wal-Mart Stores Inc Common 931142103 2436 46757 SOLE 26447 20310 Walgreen Co Common 931422109 2278 87781 SOLE 77781 10000 Walt Disney Holding Co Common 254687106 203 11215 SOLE 11215 Wells Fargo & Co Common 949746101 1479 103889 SOLE 80739 23150 Wyeth Common 983024100 1966 45698 SOLE 33350 12348 Zimmer Holdings Inc Common 98956P102 332 9114 SOLE 5262 3852