Harbor Capital Dumps $24M in Comfort Systems Shares

Now, mark my words, this here is a mighty fine tale of Wall Street’s latest shenanigans. On the 15th of October, 2025, the good folks at Harbor Capital Advisors-those shrewd money merchants-decided to chuck 34,799 shares of Comfort Systems USA (FIX) overboard, netting ’em a cool $23.58 million. A tidy sum, to be sure, but let’s not mistake it for a treasure chest.

What happened

The SEC, that grand arbiter of finance’s finer points, let slip the news on the same date: Harbor Capital had been trimming its sails in Comfort Systems USA during Q3. The arithmetic is plain as day-$23.58 million vanished from their ledger, and now they hold 9,286 shares worth $7.66 million. A ship’s captain might call it a course correction; a man of the markets might call it a midlife crisis.

But let’s not dwell on the numbers. Let’s dwell on the story. The stock, you see, had risen like a steamboat on a summer breeze, up 98% in a year. A performance so brisk it’d make a Mississippi riverboat blush. Yet here comes the fund, selling high and grinning like a cat with a gold watch.

What else to know

This sale, dear reader, dropped Comfort Systems from the top five holdings-like a man tumbling from a horse-drawn carriage into the mud. Now it’s a mere 0.6% of their assets. A footnote in a ledger, a whisper in a boardroom.

As for where their money now swims, it’s a curious mix: ETFs, tech titans, and enough diversification to make a farmer proud. Here’s their new kingdom:

iShares Core S&P 500 ETF: $49.15 million (3.8% of AUM)
iShares MSCI Emerging Markets ETF: $38.43 million (3.0% of AUM)
iShares MSCI EAFE ETF: $28.28 million (2.2% of AUM)
Nvidia: $27.22 million (2.1% of AUM)
Alphabet: $26.54 million (2.1% of AUM)

Now, I’ll grant you-Nvidia and Alphabet are as solid as a riverbank. But let’s not forget where Comfort Systems came from. A company that installs HVAC systems and wires buildings like a modern-day Tom Sawyer painting fences for a buck.

Company overview

Metric	Value
Revenue (TTM)	$7.68 billion
Net Income (TTM)	$692.24 million
Dividend Yield	0.20%
Price (as of market close October 14, 2025)	$831.89

Company snapshot

Comfort Systems USA, in case you missed the memo, is a purveyor of MEP services-mechanical, electrical, and plumbing. It’s the kind of work that keeps the lights on and the toilets flushing, though one might argue the latter is a bit less glamorous.

They fix what ails buildings, from HVAC systems to fire protection, with the finesse of a doctor stitching up a barn.
They make money by charging folks to build, retrofit, or maintain structures-like a stagecoach driver charging fares for a smoother ride.
They serve everyone from building owners to architects, like a jack-of-all-trades in a suit.

It’s the kind of business that thrives when the world needs more data centers and chip factories. A golden goose, if you will, sitting on a nest of federal contracts and a nation’s hunger for progress.

Foolish take

Now, let’s not paint Harbor Capital as villains. Two years ago, they had 0.1% of their portfolio in Comfort Systems. By 2025, it was 1%. The stock nearly tripled in that time, so selling now is as smart as selling a cow when the milk runs dry. It’s not greed-it’s arithmetic. Or, as Twain might say, “A man who won’t spend money to make money is either a fool or a Democrat.”

But let’s not ignore the elephant in the room. The stock has gone up 135% in six months-faster than a train on a downhill stretch. Harbor Capital, that old riverboat captain of finance, is just cashing in while the river’s deep. And why not? The valuation’s as high as a kite in a hurricane-42 times earnings, a number that’d make a Wall Street tycoon blush.

Yet, if the company keeps growing sales by 35% annually, that lofty price might not look so lofty after all. The trick is knowing when to hold on and when to let go. Like Huck Finn on a raft, sometimes you ride the current, and sometimes you steer for shore.

So, what’s the takeaway? Comfort Systems is a stock worth watching, like a storm cloud on the horizon. It’s riding three big trends-data centers, chip manufacturing, and onshoring-and its backlog has quadrupled since 2021. But if you’re buying in now, you’d better bring an umbrella and a sense of adventure.

Glossary

13F reportable assets: A fancy term for the investments Wall Street must report to the SEC, like a fisherman logging his catch.

Assets under management (AUM): The total value of a fund’s investments-think of it as the weight of the anchor.

Quarterly average pricing: The average price of a stock over a quarter, like measuring the depth of a river with a stick.

Top holdings: A fund’s biggest bets, listed like a poker hand.

Dividend yield: How much a company pays in dividends relative to its share price-like a farmer dividing his harvest among his neighbors.

Mechanical, electrical, and plumbing (MEP): The lifeblood of buildings, from pipes to wires.

HVAC: Heating, ventilation, and air conditioning-because nobody wants to sweat like a pig in a parlor.

Retrofits: Upgrades to old buildings, like giving a horse-drawn carriage a new set of wheels.

Maintenance agreements: Contracts for keeping things running, like hiring a watchman to guard your gold.

Institutional customers: Big organizations that buy services, like a school district buying pencils in bulk.

General contractors: The guys who hire the subs and keep the job site from turning into a circus.

TTM: Twelve months trailing-like looking back at the wake of a boat.

And there you have it, folks. A tale of markets, math, and the occasional metaphor. Stay sharp, and may your investments ride smoother than a riverboat on a calm night. 🚤

2025-10-17 20:54