Bedell Frazier Investment Counselling, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Bedell Frazier Investment Counselling, LLC reported 128 stock positions worth $495.0 million. Its top holding was Apple (AAPL) at 8.4% of the portfolio, followed by SPDR Gold Shares (GLD, 5.6%) and Alphabet Class A (GOOGL, 5.3%). Compared with Q4 2025, it opened 9 new positions, sold out of 14, added to 47 and reduced 65. The biggest buy was a new position in Proshares Ultrashort S&P500 (SDS) and the biggest sale an exit from Uber Technologies (UBER).
- Most Recent 13F
- Q1 2026
- Location
- Walnut Creek, CA
- CIK
- 0001388142
- Portfolio Value
- $495.0M (Q1 2026)
- SEC Filing
- 0001172661-26-002262 ↗ filed May 15, 2026
Holdings Value
Holdings 128 stocks · $495.0M
| AAPL Apple Inc. | 8.37% | 163,204 | $41.4M | Add +1.2% |
| GLD SPDR Gold Shares | 5.63% | 64,755 | $27.9M | Reduce -1.9% |
| GOOGL Alphabet Inc. Class A | 5.26% | 90,548 | $26.0M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 5.16% | 122,640 | $25.5M | Add +5.2% |
| JNJ Johnson & Johnson | 2.63% | 53,183 | $13.0M | Reduce -11.6% |
| XOM Exxon Mobil Corp. | 2.54% | 74,093 | $12.6M | Reduce -2.7% |
| SDS Proshares Ultrashort S&P500 | 2.50% | 164,233 | $12.4M | New |
| LLY Eli Lilly & Co. | 2.41% | 12,980 | $11.9M | Add +0.8% |
| MSFT Microsoft Corp. | 2.33% | 31,182 | $11.5M | Add +3.8% |
| LMT Lockheed Martin Corp. | 2.33% | 19,091 | $11.5M | Reduce -5.5% |
| KO The Coca-Cola Co. | 2.30% | 149,966 | $11.4M | Reduce -1.4% |
| IYT iShares US Transportation Et | 2.19% | 145,339 | $10.8M | Add +1.0% |
| META Meta Platforms Inc. Class A | 2.08% | 17,973 | $10.3M | Add +13.0% |
| PDBC Invesco Optimum Yield Divers | 2.05% | 586,036 | $10.2M | Add +2.1% |
| C Citigroup Inc. | 1.98% | 86,428 | $9.8M | Add +8.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.70% | 34,627 | $8.4M | Add +1.2% |
| EQT Eqt Corp. | 1.66% | 129,472 | $8.2M | Reduce -0.1% |
| UTF Cohen & Steers Infrastructur | 1.62% | 309,461 | $8.0M | Reduce -2.7% |
| NVDA Nvidia Corp. | 1.59% | 45,119 | $7.9M | Add +2.3% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 1.58% | 134,052 | $7.8M | Add +3.0% |
| FCX Freeport-McMoran Inc. | 1.57% | 132,112 | $7.8M | Reduce -1.6% |
| ALB Albemarle Corp. | 1.43% | 39,430 | $7.1M | Reduce -0.9% |
| BLK BlackRock Inc. | 1.36% | 7,020 | $6.8M | Add +1.1% |
| LIN Linde PLC | 1.30% | 13,017 | $6.5M | Add +147.1% |
| MCD McDonald's Corp. | 1.25% | 19,843 | $6.2M | Add +2.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.22% | 123,501 | $6.0M | Reduce -0.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.20% | 61,853 | $6.0M | Add +1.0% |
| AGG iShares Core U.S. Aggregate | 1.17% | 58,352 | $5.8M | Add +11.2% |
| XLK SS Technology Select Sector | 1.14% | 42,420 | $5.6M | Reduce -5.4% |
| REGN Regeneron Pharmaceuticals | 1.08% | 6,900 | $5.3M | Add +0.4% |
| ETN Eaton Corp. PLC | 1.07% | 14,872 | $5.3M | Add +2.5% |
| BA The Boeing Co. | 1.05% | 26,155 | $5.2M | Reduce -0.0% |
| PICK iShares MSCI Global Metals & | 0.98% | 86,019 | $4.9M | Add +9.8% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.98% | 12,432 | $4.9M | Add +1.3% |
| TSLA Tesla Inc. | 0.93% | 12,372 | $4.6M | Add +3.0% |
| SCHW Schwab (charles) Corp. | 0.91% | 48,075 | $4.5M | Add +24.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.90% | 13,133 | $4.4M | Reduce -1.0% |
| COST Costco Wholesale Corp. | 0.85% | 4,209 | $4.2M | Add +0.3% |
| ROK Rockwell Automation Inc. | 0.84% | 11,621 | $4.2M | Reduce -0.2% |
| PHO Invesco Water Resources ETF | 0.83% | 61,554 | $4.1M | Add +0.6% |
| VZ Verizon Communications Inc. | 0.82% | 81,131 | $4.1M | Reduce -53.1% |
| JPM JPMorgan Chase & Co. | 0.82% | 13,836 | $4.1M | Reduce -2.0% |
| CVX Chevron Corp. | 0.81% | 19,416 | $4.0M | Reduce -1.7% |
| EOG EOG Resources Inc. | 0.71% | 24,407 | $3.5M | Reduce -0.8% |
| XLF SS Financial Select Sector | 0.71% | 71,250 | $3.5M | Add +0.5% |
| XLI SS Industrial Select Sector | 0.69% | 21,109 | $3.4M | Add +0.3% |
| NFLX Netflix Inc. | 0.66% | 33,788 | $3.2M | Add +1.9% |
| XLB SS Materials Select Sector | 0.65% | 64,831 | $3.2M | Add +59.4% |
| AMD Advanced Micro Devices | 0.64% | 15,478 | $3.1M | Add +2.2% |
| CELH Celsius Holdings Inc. | 0.62% | 86,721 | $3.1M | Add +0.1% |
| HD Home Depot Inc. | 0.62% | 9,286 | $3.1M | Add +0.5% |
| WRBY Warby Parker Inc. Class A | 0.57% | 133,799 | $2.8M | Add +196.2% |
| GOOG Alphabet Inc. Class C | 0.57% | 9,771 | $2.8M | Reduce -1.2% |
| LRCX Lam Research Corp. | 0.52% | 12,120 | $2.6M | Reduce -9.6% |
| CSCO Cisco Systems Inc. | 0.49% | 31,321 | $2.4M | Reduce -4.3% |
| SNOW Snowflake Inc. | 0.48% | 15,810 | $2.4M | Reduce -0.5% |
| MAR Marriott International Class A | 0.45% | 6,815 | $2.2M | Reduce -0.9% |
| USFR Wisdomtree Floating Rate Tre | 0.40% | 39,186 | $2.0M | Add +8.9% |
| GS Goldman Sachs Group Inc. | 0.38% | 2,241 | $1.9M | Reduce -5.3% |
| XLV SS Health Care Select Sector | 0.38% | 12,800 | $1.9M | Reduce -2.5% |
| AVGO Broadcom Inc. | 0.37% | 5,845 | $1.8M | Reduce -1.8% |
| ULTA Ulta Beauty Inc. | 0.34% | 3,215 | $1.7M | Reduce -0.9% |
| DKNG Draftkings Inc. Class A | 0.33% | 75,431 | $1.6M | Reduce -3.0% |
| HACK Amplify Cybersecurity ETF | 0.28% | 18,689 | $1.4M | Add +43.7% |
| DVN Devon Energy Corp. | 0.27% | 26,826 | $1.3M | Reduce -13.6% |
| VOO Vanguard S&P 500 ETF | 0.27% | 2,251 | $1.3M | Add +8.1% |
| V Visa Inc. Class A | 0.26% | 4,283 | $1.3M | Reduce -2.4% |
| PANW Palo Alto Networks Inc. | 0.26% | 7,879 | $1.3M | Add +31.8% |
| BCAL California Bancorp | 0.22% | 61,815 | $1.1M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.21% | 1,613 | $1.0M | Reduce -1.2% |
| VRT Vertiv Holdings Co. Class A | 0.21% | 4,095 | $1.0M | Reduce -4.1% |
| WMB Williams Cos Inc. | 0.20% | 13,286 | $967K | Add +1.5% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.19% | 18,059 | $928K | New |
| SO The Southern Co. | 0.19% | 9,571 | $924K | Reduce -6.3% |
| BHP BHP Group Ltd.-Spon ADR filed as BHP BILLITON LIMITED | 0.18% | 12,091 | $880K | Reduce -2.3% |
| EWZ iShares MSCI Brazil ETF | 0.17% | 21,606 | $829K | Reduce -88.0% |
| DLTR Dollar Tree Inc. | 0.16% | 7,208 | $789K | Add +4.1% |
| NLR Vaneck Urani & Nuclr ETF-Usd | 0.15% | 5,753 | $766K | New |
| PFE Pfizer Inc. | 0.15% | 27,153 | $762K | Add +2.9% |
| FBT First Trust Nyse Arca Biotec | 0.14% | 3,376 | $678K | Reduce -3.5% |
| INDA iShares MSCI India ETF | 0.13% | 14,176 | $664K | Reduce -0.7% |
| TT Trane Technologies PLC | 0.13% | 1,514 | $631K | Reduce -4.2% |
| XLC SS Comm Select Sector SPDR | 0.12% | 5,415 | $600K | Reduce -4.8% |
| ESLT Elbit Systems Ltd. | 0.11% | 650 | $552K | Reduce -35.0% |
| CEG Constellation Energy | 0.11% | 1,909 | $533K | Add +68.9% |
| ABBV Abbvie Inc. | 0.10% | 2,384 | $518K | Reduce -3.0% |
| BE Bloom Energy Corp. Class A | 0.10% | 3,678 | $498K | Reduce -15.8% |
| MRK Merck & Co. Inc. | 0.10% | 4,120 | $496K | Reduce -6.8% |
| NEE Nextera Energy Inc. | 0.10% | 5,225 | $485K | Reduce -7.6% |
| WFC Wells Fargo & Co. | 0.09% | 5,637 | $449K | Add +0.1% |
| XLY SS Consumer Disc Select Sect | 0.09% | 4,024 | $439K | Reduce -11.0% |
| WMT Walmart Inc. | 0.09% | 3,523 | $438K | Reduce -5.4% |
| INTC Intel Corp. | 0.09% | 9,689 | $428K | Reduce -29.5% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.08% | 6,077 | $416K | Add +5.6% |
| GBTC Grayscale Bitcoin Trust ETF | 0.08% | 7,857 | $415K | Reduce -3.5% |
| NKE Nike Inc. Class B | 0.08% | 7,783 | $411K | Reduce -87.9% |
| RTX RTX Corp. | 0.08% | 2,084 | $402K | Reduce -18.7% |
| CCJ Cameco Corp. | 0.08% | 3,698 | $402K | Reduce -0.6% |
| IVOO Vanguard S&P Mid-Cap 400 ETF | 0.08% | 3,499 | $400K | Add +2.2% |
| MDT Medtronic PLC | 0.08% | 4,492 | $389K | Add +11.8% |
Portfolio Sells Q4 2025 → Q1 2026
| UBER Uber Technologies Inc. | Sold out | 0.00% | −2.23 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −1.61 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −1.38 |
| EWZ iShares MSCI Brazil ETF | Reduce -88.0% | 0.17% | −0.94 |
| NKE Nike Inc. Class B | Reduce -87.9% | 0.08% | −0.71 |
| VZ Verizon Communications Inc. | Reduce -53.1% | 0.82% | −0.54 |
| GAP The Gap Inc. | Sold out | 0.00% | −0.41 |
| GOOGL Alphabet Inc. Class A | Reduce -0.3% | 5.26% | −0.22 |
| SNOW Snowflake Inc. | Reduce -0.5% | 0.48% | −0.19 |
| DKNG Draftkings Inc. Class A | Reduce -3.0% | 0.33% | −0.19 |
| IBIT iShares Bitcoin Trust ETF | Reduce -73.5% | 0.04% | −0.15 |
| XLK SS Technology Select Sector | Reduce -5.4% | 1.14% | −0.11 |
| BAC Bank of America Corp. | Reduce -0.4% | 1.22% | −0.10 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −0.08 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.07 |
| JPM JPMorgan Chase & Co. | Reduce -2.0% | 0.82% | −0.06 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.05 |
| XRT SS SPDR S&P Retail ETF | Sold out | 0.00% | −0.05 |
| BX Blackstone Inc. | Sold out | 0.00% | −0.05 |
| BA The Boeing Co. | Reduce -0.0% | 1.05% | −0.04 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.04 |
| SOFI Sofi Technologies Inc. | Sold out | 0.00% | −0.04 |
| FEZ State Street SPDR Euro Stoxx | Sold out | 0.00% | −0.04 |
| XLRE SS Real Estate Select Sector | Sold out | 0.00% | −0.04 |
| ULTA Ulta Beauty Inc. | Reduce -0.9% | 0.34% | −0.04 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −0.04 |
| V Visa Inc. Class A | Reduce -2.4% | 0.26% | −0.04 |
| GOOG Alphabet Inc. Class C | Reduce -1.2% | 0.57% | −0.03 |
| AVGO Broadcom Inc. | Reduce -1.8% | 0.37% | −0.03 |
| ROK Rockwell Automation Inc. | Reduce -0.2% | 0.84% | −0.03 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -3.5% | 0.08% | −0.02 |
| GS Goldman Sachs Group Inc. | Reduce -5.3% | 0.38% | −0.02 |
| XLY SS Consumer Disc Select Sect | Reduce -11.0% | 0.09% | −0.02 |
| INDA iShares MSCI India ETF | Reduce -0.7% | 0.13% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -16.8% | 0.06% | −0.01 |
| ABT Abbott Laboratories | Reduce -1.2% | 0.07% | −0.01 |
| XLV SS Health Care Select Sector | Reduce -2.5% | 0.38% | −0.01 |
| INTC Intel Corp. | Reduce -29.5% | 0.09% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -0.8% | 0.04% | −0.01 |
| RTX RTX Corp. | Reduce -18.7% | 0.08% | −0.01 |
| AXP American Express Co. | Reduce -1.2% | 0.05% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -12.1% | 0.08% | −0.01 |
| XLC SS Comm Select Sector SPDR | Reduce -4.8% | 0.12% | −0.01 |
| GDX Vaneck Gold Miners ETF | Reduce -18.6% | 0.06% | −0.01 |
| ABBV Abbvie Inc. | Reduce -3.0% | 0.10% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.2% | 0.21% | −0.00 |
| FBT First Trust Nyse Arca Biotec | Reduce -3.5% | 0.14% | −0.00 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -2.4% | 0.06% | −0.00 |
| ESLT Elbit Systems Ltd. | Reduce -35.0% | 0.11% | 0.00 |
| PG The Procter & Gamble Co. | Reduce -4.2% | 0.07% | +0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| SDS Proshares Ultrashort S&P500 | New | 2.50% | +2.50 |
| LIN Linde PLC | Add +147.1% | 1.30% | +0.87 |
| PDBC Invesco Optimum Yield Divers | Add +2.1% | 2.05% | +0.58 |
| WRBY Warby Parker Inc. Class A | Add +196.2% | 0.57% | +0.38 |
| XLB SS Materials Select Sector | Add +59.4% | 0.65% | +0.30 |
| PICK iShares MSCI Global Metals & | Add +9.8% | 0.98% | +0.21 |
| SLB SLB Ltd. | New | 0.19% | +0.19 |
| C Citigroup Inc. | Add +8.4% | 1.98% | +0.18 |
| ETN Eaton Corp. PLC | Add +2.5% | 1.07% | +0.18 |
| SCHW Schwab (charles) Corp. | Add +24.2% | 0.91% | +0.17 |
| AGG iShares Core U.S. Aggregate | Add +11.2% | 1.17% | +0.16 |
| NLR Vaneck Urani & Nuclr ETF-Usd | New | 0.15% | +0.15 |
| COST Costco Wholesale Corp. | Add +0.3% | 0.85% | +0.15 |
| IYT iShares US Transportation Et | Add +1.0% | 2.19% | +0.12 |
| MCD McDonald's Corp. | Add +2.2% | 1.25% | +0.10 |
| HACK Amplify Cybersecurity ETF | Add +43.7% | 0.28% | +0.08 |
| XLI SS Industrial Select Sector | Add +0.3% | 0.69% | +0.06 |
| NFLX Netflix Inc. | Add +1.9% | 0.66% | +0.06 |
| REGN Regeneron Pharmaceuticals | Add +0.4% | 1.08% | +0.05 |
| META Meta Platforms Inc. Class A | Add +13.0% | 2.08% | +0.05 |
| D Dominion Energy Inc. | New | 0.05% | +0.05 |
| UPS United Parcel Service Class B | New | 0.05% | +0.05 |
| USFR Wisdomtree Floating Rate Tre | Add +8.9% | 0.40% | +0.05 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +3.0% | 1.58% | +0.05 |
| EPD Enterprise Products Partners | New | 0.05% | +0.05 |
| WMB Williams Cos Inc. | Add +1.5% | 0.20% | +0.04 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.04% | +0.04 |
| BP BP PLC-Spons ADR | New | 0.04% | +0.04 |
| PANW Palo Alto Networks Inc. | Add +31.8% | 0.26% | +0.04 |
| ED Consolidated Edison Inc. | New | 0.04% | +0.04 |
| CEG Constellation Energy | Add +68.9% | 0.11% | +0.03 |
| PFE Pfizer Inc. | Add +2.9% | 0.15% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +8.1% | 0.27% | +0.02 |
| AMD Advanced Micro Devices | Add +2.2% | 0.64% | +0.01 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +5.6% | 0.08% | +0.01 |
| IVOO Vanguard S&P Mid-Cap 400 ETF | Add +2.2% | 0.08% | +0.01 |
| NET Cloudflare Inc. Class A | Add +0.8% | 0.05% | +0.00 |
| NOBL Proshares S&P 500 Dividend A | Add +0.5% | 0.07% | +0.00 |
| MDT Medtronic PLC | Add +11.8% | 0.08% | +0.00 |
| HD Home Depot Inc. | Add +0.5% | 0.62% | +0.00 |
| NVDA Nvidia Corp. | Add +2.3% | 1.59% | +0.00 |
| PHO Invesco Water Resources ETF | Add +0.6% | 0.83% | +0.00 |
| RKLB Rocket Lab Corp. | Add +0.0% | 0.06% | −0.00 |
| DLTR Dollar Tree Inc. | Add +4.1% | 0.16% | −0.00 |
| WFC Wells Fargo & Co. | Add +0.1% | 0.09% | −0.01 |
| AMZN Amazon.com Inc. | Add +5.2% | 5.16% | −0.03 |
| XLF SS Financial Select Sector | Add +0.5% | 0.71% | −0.04 |
| BLK BlackRock Inc. | Add +1.1% | 1.36% | −0.07 |
| AAPL Apple Inc. | Add +1.2% | 8.37% | −0.09 |
| TSLA Tesla Inc. | Add +3.0% | 0.93% | −0.11 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q1 2026 | 128 | $495.0M | AAPL, GLD, GOOGL, AMZN, JNJ |
| Q4 2025 | 133 | $518.3M | AAPL, GOOGL, AMZN, GLD, MSFT |
| Q3 2025 | 129 | $486.6M | AAPL, GLD, AMZN, GOOGL, MSFT |
| Q2 2025 | 110 | $397.2M | AAPL, AMZN, GLD, MSFT, UTF |
| Q1 2025 | 102 | $392.8M | GLD, AAPL, AMZN, UTF, KO |
| Q4 2024 | 107 | $403.6M | AAPL, GLD, AMZN, GOOGL, MSFT |
| Q3 2024 | 101 | $418.5M | GLD, AAPL, LMT, AMZN, XLV |
| Q2 2024 | 96 | $414.7M | AAPL, GLD, AMZN, MSFT, XLV |
| Q1 2024 | 96 | $400.1M | GLD, AAPL, AMZN, XLV, LMT |