Bedell Frazier Investment Counselling, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Bedell Frazier Investment Counselling, LLC reported 101 stock positions worth $418.5 million. Its top holding was SPDR Gold Shares (GLD) at 9.3% of the portfolio, followed by Apple (AAPL, 9.1%) and Lockheed Martin (LMT, 3.9%). Compared with Q2 2024, it opened 14 new positions, sold out of 9, added to 38 and reduced 41. The biggest buy was a new position in SS Real Estate Select Sector (XLRE) and the biggest sale an exit from T-Mobile US (TMUS).
- Most Recent 13F
- Q1 2026
- Location
- Walnut Creek, CA
- CIK
- 0001388142
- Portfolio Value
- $418.5M (Q3 2024)
- SEC Filing
- 0001172661-24-004600 ↗ filed Nov 13, 2024
Holdings Value
Holdings 101 stocks · $418.5M
| GLD SPDR Gold Shares | 9.29% | 160,020 | $38.9M | Add +2.3% |
| AAPL Apple Inc. | 9.11% | 163,662 | $38.1M | Reduce -2.6% |
| LMT Lockheed Martin Corp. | 3.91% | 28,024 | $16.4M | Reduce -3.8% |
| AMZN Amazon.com Inc. | 3.75% | 84,280 | $15.7M | Reduce -13.1% |
| XLV SS Health Care Select Sector | 3.47% | 94,378 | $14.5M | Reduce -0.3% |
| UTF Cohen & Steers Infrastructur | 3.23% | 520,063 | $13.5M | Add +1.7% |
| MSFT Microsoft Corp. | 2.98% | 28,971 | $12.5M | Reduce -8.3% |
| JNJ Johnson & Johnson | 2.97% | 76,635 | $12.4M | Reduce -1.0% |
| KO The Coca-Cola Co. | 2.76% | 161,017 | $11.6M | Reduce -1.6% |
| GOOGL Alphabet Inc. Class A | 2.46% | 62,098 | $10.3M | Reduce -0.2% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 2.43% | 126,077 | $10.2M | Add +1.6% |
| UNH Unitedhealth Group Inc. | 2.28% | 16,293 | $9.5M | Add +0.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.19% | 41,408 | $9.2M | Reduce -3.6% |
| XOM Exxon Mobil Corp. | 2.10% | 74,959 | $8.8M | Reduce -0.5% |
| PROSHARES TR | 2.04% | 414,453 | $8.6M | Add +142.1% |
| XLRE SS Real Estate Select Sector | 1.94% | 182,080 | $8.1M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.91% | 83,033 | $8.0M | Add +2.6% |
| NKE Nike Inc. Class B | 1.77% | 84,033 | $7.4M | Reduce -5.8% |
| FCX Freeport-McMoran Inc. | 1.62% | 136,083 | $6.8M | Add +0.2% |
| GDX Vaneck Gold Miners ETF | 1.52% | 160,139 | $6.4M | Add +0.1% |
| RTX RTX Corp. | 1.48% | 51,082 | $6.2M | Reduce -2.3% |
| STZ Constellation Brands Inc. Class A | 1.47% | 23,873 | $6.2M | Add +2.2% |
| BIIB Biogen Inc. | 1.45% | 31,318 | $6.1M | Add +128.8% |
| NTR Nutrien Ltd. | 1.42% | 124,028 | $6.0M | Reduce -2.2% |
| COP Conocophillips | 1.41% | 56,079 | $5.9M | Add +1.8% |
| INDA iShares MSCI India ETF | 1.40% | 100,216 | $5.9M | Reduce -26.3% |
| NVDA Nvidia Corp. | 1.34% | 46,104 | $5.6M | Add +2.2% |
| SLV iShares Silver Trust | 1.31% | 193,155 | $5.5M | Add +4.0% |
| PDBC Invesco Optimum Yield Divers | 1.22% | 381,030 | $5.1M | Add +2.1% |
| REGN Regeneron Pharmaceuticals | 1.21% | 4,813 | $5.1M | Reduce -0.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.14% | 120,319 | $4.8M | Add +0.5% |
| CPT Camden Property Trust | 1.14% | 38,512 | $4.8M | New |
| VZ Verizon Communications Inc. | 1.13% | 105,219 | $4.7M | New |
| PHO Invesco Water Resources ETF | 1.11% | 66,021 | $4.7M | Add +0.7% |
| COST Costco Wholesale Corp. | 1.11% | 5,252 | $4.7M | Reduce -0.2% |
| CVS CVS Health Corp. | 1.11% | 73,583 | $4.6M | Reduce -5.5% |
| LLY Eli Lilly & Co. | 0.87% | 4,101 | $3.6M | Add +1.1% |
| JPM JPMorgan Chase & Co. | 0.69% | 13,771 | $2.9M | Reduce -0.2% |
| ITA iShares U.S. Aerospace & Def | 0.69% | 19,166 | $2.9M | Reduce -48.6% |
| AVGO Broadcom Inc. | 0.55% | 13,364 | $2.3M | Reduce -18.9% |
| CSCO Cisco Systems Inc. | 0.52% | 41,116 | $2.2M | Add +0.3% |
| XLI SS Industrial Select Sector | 0.51% | 15,696 | $2.1M | Reduce -6.3% |
| AGG iShares Core U.S. Aggregate | 0.50% | 20,763 | $2.1M | Reduce -3.0% |
| MAR Marriott International Class A | 0.49% | 8,266 | $2.1M | Reduce -3.3% |
| XLB SS Materials Select Sector | 0.49% | 21,167 | $2.0M | Reduce -0.6% |
| DVN Devon Energy Corp. | 0.48% | 51,596 | $2.0M | Add +5.7% |
| HD Home Depot Inc. | 0.47% | 4,874 | $2.0M | Reduce -0.6% |
| CCJ Cameco Corp. | 0.47% | 41,052 | $2.0M | New |
| CVX Chevron Corp. | 0.47% | 13,276 | $2.0M | Add +3.6% |
| ALGN Align Technology Inc. | 0.44% | 7,182 | $1.8M | Reduce -10.2% |
| MCD McDonald's Corp. | 0.43% | 5,870 | $1.8M | Reduce -0.4% |
| BA The Boeing Co. | 0.41% | 11,194 | $1.7M | Add +41.3% |
| V Visa Inc. Class A | 0.34% | 5,162 | $1.4M | Reduce -0.1% |
| META Meta Platforms Inc. Class A | 0.34% | 2,473 | $1.4M | Reduce -10.8% |
| BCAL California Bancorp | 0.33% | 93,399 | $1.4M | New |
| CELH Celsius Holdings Inc. | 0.33% | 43,581 | $1.4M | Add +24.8% |
| LRCX Lam Research Corp. | 0.30% | 1,559 | $1.3M | Add +10.1% |
| GS Goldman Sachs Group Inc. | 0.30% | 2,517 | $1.2M | New |
| CRSP Crispr Therapeutics AG | 0.30% | 26,357 | $1.2M | Add +0.8% |
| FBT First Trust Nyse Arca Biotec | 0.24% | 5,812 | $999K | Reduce -38.0% |
| DLTR Dollar Tree Inc. | 0.24% | 14,196 | $998K | Add +0.4% |
| ENPH Enphase Energy Inc. | 0.24% | 8,727 | $986K | Add +10.1% |
| SO The Southern Co. | 0.22% | 10,390 | $937K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.22% | 1,618 | $928K | Add +0.3% |
| ETN Eaton Corp. PLC | 0.21% | 2,661 | $882K | Add +4.5% |
| HACK Amplify Cybersecurity ETF | 0.19% | 11,925 | $814K | Add +5.2% |
| GOOG Alphabet Inc. Class C | 0.19% | 4,848 | $810K | Add +1.5% |
| VOO Vanguard S&P 500 ETF | 0.17% | 1,330 | $702K | Add +1.1% |
| PROSHARES SHORT S&P500 | 0.17% | 64,435 | $699K | Reduce -4.3% |
| CL Colgate-Palmolive Co. | 0.17% | 6,714 | $697K | Reduce -0.1% |
| PANW Palo Alto Networks Inc. | 0.16% | 1,909 | $652K | Add +1.1% |
| TSLA Tesla Inc. | 0.15% | 2,431 | $636K | Reduce -7.1% |
| TT Trane Technologies PLC | 0.15% | 1,615 | $628K | New |
| USFR Wisdomtree Floating Rate Tre | 0.15% | 12,182 | $612K | Add +8.8% |
| CB Chubb Ltd. | 0.14% | 2,050 | $591K | New |
| ADBE Adobe Inc. | 0.13% | 1,036 | $536K | No change |
| ABT Abbott Laboratories | 0.12% | 4,569 | $521K | Reduce -4.5% |
| GBTC Grayscale Bitcoin Trust ETF | 0.12% | 9,612 | $485K | Add +3.4% |
| NEE Nextera Energy Inc. | 0.11% | 5,680 | $480K | No change |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.11% | 1,132 | $479K | Reduce -7.4% |
| MDT Medtronic PLC | 0.11% | 5,287 | $476K | Reduce -6.8% |
| IWM iShares Russell 2000 ETF | 0.10% | 1,971 | $435K | Add +0.7% |
| ABBV Abbvie Inc. | 0.10% | 2,164 | $427K | Reduce -0.5% |
| VIG Vanguard Dividend Apprec ETF | 0.10% | 2,050 | $406K | No change |
| PG The Procter & Gamble Co. | 0.09% | 2,223 | $385K | No change |
| MRK Merck & Co. Inc. | 0.09% | 3,241 | $368K | Reduce -2.9% |
| NFLX Netflix Inc. | 0.08% | 452 | $321K | Reduce -3.4% |
| WFC Wells Fargo & Co. | 0.08% | 5,614 | $317K | No change |
| WMT Walmart Inc. | 0.07% | 3,724 | $301K | Add +10.3% |
| APD Air Products & Chemicals Inc. | 0.07% | 1,000 | $298K | No change |
| AMD Advanced Micro Devices | 0.07% | 1,780 | $292K | Add +4.3% |
| NOBL Proshares S&P 500 Dividend A | 0.06% | 2,172 | $232K | New |
| PEP Pepsico Inc. | 0.06% | 1,355 | $230K | Reduce -0.2% |
| BX Blackstone Inc. | 0.05% | 1,500 | $230K | New |
| MA Mastercard Inc. Class A | 0.05% | 465 | $230K | No change |
| AXP American Express Co. | 0.05% | 800 | $217K | New |
| GE General Electric filed as GE AEROSPACE | 0.05% | 1,106 | $209K | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.05% | 742 | $208K | Add +33.2% |
| INTC Intel Corp. | 0.05% | 8,835 | $207K | New |
| EPD Enterprise Products Partners | 0.05% | 6,980 | $203K | Reduce -6.5% |
Portfolio Sells Q2 2024 → Q3 2024
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −2.05 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −1.73 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −1.48 |
| EEM iShares MSCI Emerging Market | Sold out | 0.00% | −1.38 |
| MGM MGM Resorts International | Sold out | 0.00% | −1.35 |
| CCL Carnival Corp. | Sold out | 0.00% | −1.28 |
| AMZN Amazon.com Inc. | Reduce -13.1% | 3.75% | −0.77 |
| DKNG Draftkings Inc. Class A | Sold out | 0.00% | −0.61 |
| ITA iShares U.S. Aerospace & Def | Reduce -48.6% | 0.69% | −0.50 |
| INDA iShares MSCI India ETF | Reduce -26.3% | 1.40% | −0.43 |
| MSFT Microsoft Corp. | Reduce -8.3% | 2.98% | −0.43 |
| GOOGL Alphabet Inc. Class A | Reduce -0.2% | 2.46% | −0.27 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.26 |
| NTR Nutrien Ltd. | Reduce -2.2% | 1.42% | −0.13 |
| FBT First Trust Nyse Arca Biotec | Reduce -38.0% | 0.24% | −0.11 |
| AVGO Broadcom Inc. | Reduce -18.9% | 0.55% | −0.09 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.05 |
| ALGN Align Technology Inc. | Reduce -10.2% | 0.44% | −0.03 |
| REGN Regeneron Pharmaceuticals | Reduce -0.8% | 1.21% | −0.02 |
| PROSHARES SHORT S&P500 | Reduce -4.3% | 0.17% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -2.9% | 0.09% | −0.01 |
| MAR Marriott International Class A | Reduce -3.3% | 0.49% | −0.01 |
| EPD Enterprise Products Partners | Reduce -6.5% | 0.05% | −0.00 |
| CVS CVS Health Corp. | Reduce -5.5% | 1.11% | −0.00 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -7.4% | 0.11% | −0.00 |
| NFLX Netflix Inc. | Reduce -3.4% | 0.08% | +0.00 |
| PEP Pepsico Inc. | Reduce -0.2% | 0.06% | +0.00 |
| META Meta Platforms Inc. Class A | Reduce -10.8% | 0.34% | +0.00 |
| AGG iShares Core U.S. Aggregate | Reduce -3.0% | 0.50% | +0.00 |
| ABT Abbott Laboratories | Reduce -4.5% | 0.12% | +0.00 |
| MDT Medtronic PLC | Reduce -6.8% | 0.11% | +0.01 |
| XOM Exxon Mobil Corp. | Reduce -0.5% | 2.10% | +0.01 |
| CL Colgate-Palmolive Co. | Reduce -0.1% | 0.17% | +0.01 |
| ABBV Abbvie Inc. | Reduce -0.5% | 0.10% | +0.01 |
| V Visa Inc. Class A | Reduce -0.1% | 0.34% | +0.01 |
| XLI SS Industrial Select Sector | Reduce -6.3% | 0.51% | +0.02 |
| JPM JPMorgan Chase & Co. | Reduce -0.2% | 0.69% | +0.02 |
| TSLA Tesla Inc. | Reduce -7.1% | 0.15% | +0.03 |
| COST Costco Wholesale Corp. | Reduce -0.2% | 1.11% | +0.03 |
| XLB SS Materials Select Sector | Reduce -0.6% | 0.49% | +0.03 |
| HD Home Depot Inc. | Reduce -0.6% | 0.47% | +0.06 |
| MCD McDonald's Corp. | Reduce -0.4% | 0.43% | +0.06 |
| XLV SS Health Care Select Sector | Reduce -0.3% | 3.47% | +0.15 |
| NKE Nike Inc. Class B | Reduce -5.8% | 1.77% | +0.15 |
| RTX RTX Corp. | Reduce -2.3% | 1.48% | +0.21 |
| JNJ Johnson & Johnson | Reduce -1.0% | 2.97% | +0.24 |
| KO The Coca-Cola Co. | Reduce -1.6% | 2.76% | +0.25 |
| IBM Intl Business Machines Corp. | Reduce -3.6% | 2.19% | +0.40 |
| AAPL Apple Inc. | Reduce -2.6% | 9.11% | +0.57 |
| LMT Lockheed Martin Corp. | Reduce -3.8% | 3.91% | +0.63 |
Portfolio Buys Q2 2024 → Q3 2024
| XLRE SS Real Estate Select Sector | New | 1.94% | +1.94 |
| GLD SPDR Gold Shares | Add +2.3% | 9.29% | +1.18 |
| CPT Camden Property Trust | New | 1.14% | +1.14 |
| VZ Verizon Communications Inc. | New | 1.13% | +1.13 |
| PROSHARES TR | Add +142.1% | 2.04% | +1.09 |
| BIIB Biogen Inc. | Add +128.8% | 1.45% | +0.69 |
| CCJ Cameco Corp. | New | 0.47% | +0.47 |
| UTF Cohen & Steers Infrastructur | Add +1.7% | 3.23% | +0.46 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +1.6% | 2.43% | +0.40 |
| BCAL California Bancorp | New | 0.33% | +0.33 |
| GS Goldman Sachs Group Inc. | New | 0.30% | +0.30 |
| UNH Unitedhealth Group Inc. | Add +0.4% | 2.28% | +0.28 |
| GDX Vaneck Gold Miners ETF | Add +0.1% | 1.52% | +0.21 |
| TT Trane Technologies PLC | New | 0.15% | +0.15 |
| CB Chubb Ltd. | New | 0.14% | +0.14 |
| SLV iShares Silver Trust | Add +4.0% | 1.31% | +0.12 |
| PHO Invesco Water Resources ETF | Add +0.7% | 1.11% | +0.09 |
| BA The Boeing Co. | Add +41.3% | 0.41% | +0.06 |
| NOBL Proshares S&P 500 Dividend A | New | 0.06% | +0.06 |
| BX Blackstone Inc. | New | 0.05% | +0.05 |
| CSCO Cisco Systems Inc. | Add +0.3% | 0.52% | +0.05 |
| AXP American Express Co. | New | 0.05% | +0.05 |
| GE General Electric | New | 0.05% | +0.05 |
| INTC Intel Corp. | New | 0.05% | +0.05 |
| WIX Wix.com Ltd. | New | 0.05% | +0.05 |
| ENPH Enphase Energy Inc. | Add +10.1% | 0.24% | +0.05 |
| FCX Freeport-McMoran Inc. | Add +0.2% | 1.62% | +0.03 |
| STZ Constellation Brands Inc. Class A | Add +2.2% | 1.47% | +0.02 |
| ETN Eaton Corp. PLC | Add +4.5% | 0.21% | +0.02 |
| HACK Amplify Cybersecurity ETF | Add +5.2% | 0.19% | +0.02 |
| WMT Walmart Inc. | Add +10.3% | 0.07% | +0.02 |
| USFR Wisdomtree Floating Rate Tre | Add +8.8% | 0.15% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.3% | 0.22% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +1.1% | 0.17% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +0.7% | 0.10% | +0.01 |
| AMD Advanced Micro Devices | Add +4.3% | 0.07% | +0.00 |
| PANW Palo Alto Networks Inc. | Add +1.1% | 0.16% | +0.00 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +33.2% | 0.05% | −0.00 |
| GBTC Grayscale Bitcoin Trust ETF | Add +3.4% | 0.12% | −0.00 |
| NVDA Nvidia Corp. | Add +2.2% | 1.34% | −0.01 |
| BAC Bank of America Corp. | Add +0.5% | 1.14% | −0.01 |
| CVX Chevron Corp. | Add +3.6% | 0.47% | −0.02 |
| LLY Eli Lilly & Co. | Add +1.1% | 0.87% | −0.02 |
| GOOG Alphabet Inc. Class C | Add +1.5% | 0.19% | −0.02 |
| DIS The Walt Disney Co. | Add +2.6% | 1.91% | −0.03 |
| PDBC Invesco Optimum Yield Divers | Add +2.1% | 1.22% | −0.04 |
| CRSP Crispr Therapeutics AG | Add +0.8% | 0.30% | −0.04 |
| LRCX Lam Research Corp. | Add +10.1% | 0.30% | −0.06 |
| DVN Devon Energy Corp. | Add +5.7% | 0.48% | −0.08 |
| COP Conocophillips | Add +1.8% | 1.41% | −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 |