Bedell Frazier Investment Counselling, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Bedell Frazier Investment Counselling, LLC reported 107 stock positions worth $403.6 million. Its top holding was Apple (AAPL) at 10.0% of the portfolio, followed by SPDR Gold Shares (GLD, 9.6%) and Amazon.com (AMZN, 6.1%). Compared with Q3 2024, it opened 15 new positions, sold out of 9, added to 28 and reduced 53. The biggest buy was a new position in SS Financial Select Sector (XLF) and the biggest sale an exit from Proshares TR.

Most Recent 13F
Q1 2026
Location
Walnut Creek, CA
CIK
0001388142
Portfolio Value
$403.6M (Q4 2024)
SEC Filing
0001172661-25-000693 ↗ filed Feb 12, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $400.1M Q1 2024 Q2 2024: $414.7M Q2 2024 Q3 2024: $418.5M Q3 2024 Q4 2024: $403.6M $403.6M Q4 2024 Q1 2025: $392.8M Q1 2025 Q2 2025: $397.2M Q2 2025 Q3 2025: $486.6M Q3 2025 Q4 2025: $518.3M Q4 2025 Q1 2026: $495.0M Q1 2026

Holdings 107 stocks · $403.6M
AAPL Apple Inc. 10.05% 161,908 $40.5M Reduce -1.1%
GLD SPDR Gold Shares 9.55% 159,193 $38.5M Reduce -0.5%
AMZN Amazon.com Inc. 6.10% 112,202 $24.6M Add +33.1%
GOOGL Alphabet Inc. Class A 3.54% 75,451 $14.3M Add +21.5%
MSFT Microsoft Corp. 3.03% 28,985 $12.2M Add +0.1%
UTF Cohen & Steers Infrastructur 3.02% 507,237 $12.2M Reduce -2.5%
LMT Lockheed Martin Corp. 2.78% 23,081 $11.2M Reduce -17.6%
KO The Coca-Cola Co. 2.53% 163,910 $10.2M Add +1.8%
JNJ Johnson & Johnson 2.52% 70,262 $10.2M Reduce -8.3%
XLF SS Financial Select Sector 2.35% 196,493 $9.5M New
XLU St Sr Utl SL SE SPDR ETF-Usd 2.31% 123,296 $9.3M Reduce -2.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.19% 40,234 $8.8M Reduce -2.8%
PDBC Invesco Optimum Yield Divers 2.12% 658,519 $8.6M Add +72.8%
XOM Exxon Mobil Corp. 2.09% 78,326 $8.4M Add +4.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.99% 72,064 $8.0M Reduce -13.2%
UNH Unitedhealth Group Inc. 1.97% 15,720 $8.0M Reduce -3.5%
IJT iShares S&P Small-Cap 600 GR 1.95% 58,158 $7.9M New
XLV SS Health Care Select Sector 1.70% 49,879 $6.9M Reduce -47.1%
NVDA Nvidia Corp. 1.53% 46,059 $6.2M Reduce -0.1%
TGT Target Corp. 1.47% 43,963 $5.9M New
RTX RTX Corp. 1.42% 49,511 $5.7M Reduce -3.1%
COP Conocophillips 1.37% 55,706 $5.5M Reduce -0.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.32% 121,178 $5.3M Add +0.7%
INDA iShares MSCI India ETF 1.31% 100,151 $5.3M Reduce -0.1%
FCX Freeport-McMoran Inc. 1.21% 127,727 $4.9M Reduce -6.1%
COST Costco Wholesale Corp. 1.17% 5,172 $4.7M Reduce -1.5%
ROK Rockwell Automation Inc. 1.15% 16,203 $4.6M New
NKE Nike Inc. Class B 1.14% 60,677 $4.6M Reduce -27.8%
STZ Constellation Brands Inc. Class A 1.13% 20,560 $4.5M Reduce -13.9%
GDX Vaneck Gold Miners ETF 1.11% 132,623 $4.5M Reduce -17.2%
SLV iShares Silver Trust 1.11% 170,412 $4.5M Reduce -11.8%
VZ Verizon Communications Inc. 1.08% 108,751 $4.3M Add +3.4%
PHO Invesco Water Resources ETF 1.05% 64,675 $4.3M Reduce -2.0%
VOO Vanguard S&P 500 ETF 1.01% 7,554 $4.1M Add +468.0%
ROKU Roku Inc. 0.92% 49,726 $3.7M New
REGN Regeneron Pharmaceuticals 0.87% 4,905 $3.5M Add +1.9%
JPM JPMorgan Chase & Co. 0.83% 13,908 $3.3M Add +1.0%
LLY Eli Lilly & Co. 0.79% 4,149 $3.2M Add +1.2%
AVGO Broadcom Inc. 0.70% 12,147 $2.8M Reduce -9.1%
CVX Chevron Corp. 0.65% 18,018 $2.6M Add +35.7%
EOG EOG Resources Inc. 0.64% 21,008 $2.6M New
CSCO Cisco Systems Inc. 0.54% 36,999 $2.2M Reduce -10.0%
MAR Marriott International Class A 0.54% 7,796 $2.2M Reduce -5.7%
CCJ Cameco Corp. 0.52% 40,859 $2.1M Reduce -0.5%
AGG iShares Core U.S. Aggregate 0.51% 21,260 $2.1M Add +2.4%
CELH Celsius Holdings Inc. 0.50% 76,834 $2.0M Add +76.3%
XLI SS Industrial Select Sector 0.50% 15,257 $2.0M Reduce -2.8%
EQT Eqt Corp. 0.48% 41,907 $1.9M New
HD Home Depot Inc. 0.47% 4,859 $1.9M Reduce -0.3%
XLB SS Materials Select Sector 0.44% 21,122 $1.8M Reduce -0.2%
BA The Boeing Co. 0.44% 9,924 $1.8M Reduce -11.3%
MCD McDonald's Corp. 0.42% 5,850 $1.7M Reduce -0.3%
GS Goldman Sachs Group Inc. 0.40% 2,790 $1.6M Add +10.8%
V Visa Inc. Class A 0.39% 4,926 $1.6M Reduce -4.6%
META Meta Platforms Inc. Class A 0.36% 2,473 $1.4M No change
BCAL California Bancorp 0.30% 73,729 $1.2M Reduce -21.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.25% 1,736 $1.0M Add +7.3%
LRCX Lam Research Corp. 0.25% 13,810 $997K Reduce -11.4%
TSLA Tesla Inc. 0.24% 2,416 $976K Reduce -0.6%
FBT First Trust Nyse Arca Biotec 0.24% 5,827 $969K Add +0.3%
CPT Camden Property Trust 0.24% 8,208 $952K Reduce -78.7%
GOOG Alphabet Inc. Class C 0.23% 4,878 $929K Add +0.6%
HACK Amplify Cybersecurity ETF 0.22% 12,037 $897K Add +0.9%
ETN Eaton Corp. PLC 0.22% 2,638 $875K Reduce -0.9%
TT Trane Technologies PLC 0.21% 2,347 $867K Add +45.3%
SO The Southern Co. 0.21% 10,375 $854K Reduce -0.1%
CRSP Crispr Therapeutics AG 0.21% 21,113 $831K Reduce -19.9%
NLR Vaneck Urani & Nuclr ETF-Usd 0.19% 9,444 $768K New
GBTC Grayscale Bitcoin Trust ETF 0.18% 9,577 $709K Reduce -0.4%
PANW Palo Alto Networks Inc. 0.17% 3,822 $695K Add +0.1%
PFE Pfizer Inc. 0.15% 23,281 $618K New
CB Chubb Ltd. 0.15% 2,220 $613K Add +8.3%
CL Colgate-Palmolive Co. 0.15% 6,714 $610K No change
DLTR Dollar Tree Inc. 0.15% 7,918 $593K Reduce -44.2%
AMD Advanced Micro Devices 0.15% 4,887 $590K Add +174.6%
XLRE SS Real Estate Select Sector 0.13% 12,970 $527K Reduce -92.9%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.12% 1,132 $482K No change
USFR Wisdomtree Floating Rate Tre 0.12% 9,362 $471K Reduce -23.1%
ADBE Adobe Inc. 0.11% 1,033 $459K Reduce -0.3%
ABT Abbott Laboratories 0.10% 3,729 $422K Reduce -18.4%
VRT Vertiv Holdings Co. Class A 0.10% 3,654 $415K New
NFLX Netflix Inc. 0.10% 462 $412K Add +2.2%
NEE Nextera Energy Inc. 0.10% 5,626 $403K Reduce -0.9%
VIG Vanguard Dividend Apprec ETF 0.10% 2,050 $401K No change
DVN Devon Energy Corp. 0.10% 12,043 $394K Reduce -76.7%
WFC Wells Fargo & Co. 0.10% 5,564 $391K Reduce -0.9%
CRDO Credo Technology Group Holdi 0.09% 5,587 $376K New
PG The Procter & Gamble Co. 0.09% 2,173 $364K Reduce -2.3%
ITA iShares U.S. Aerospace & Def 0.09% 2,478 $360K Reduce -87.1%
ABBV Abbvie Inc. 0.09% 1,979 $352K Reduce -8.6%
WMT Walmart Inc. 0.09% 3,844 $347K Add +3.2%
NOBL Proshares S&P 500 Dividend A 0.08% 3,178 $316K Add +46.3%
IWM iShares Russell 2000 ETF 0.08% 1,381 $305K Reduce -29.9%
MRK Merck & Co. Inc. 0.07% 3,001 $299K Reduce -7.4%
MDT Medtronic PLC 0.07% 3,707 $296K Reduce -29.9%
APD Air Products & Chemicals Inc. 0.07% 1,000 $290K No change
CRWD CrowdStrike Holdings Inc. Class A 0.07% 782 $268K Add +5.4%
BX Blackstone Inc. 0.06% 1,500 $259K No change
WIX Wix.com Ltd. 0.06% 1,200 $257K No change
SNOW Snowflake Inc. 0.06% 1,611 $249K New
XLK SS Technology Select Sector 0.06% 1,064 $247K New
MA Mastercard Inc. Class A 0.06% 465 $245K No change
AXP American Express Co. 0.06% 800 $237K No change
XLY SS Consumer Disc Select Sect 0.05% 986 $221K New
EPD Enterprise Products Partners 0.05% 6,980 $219K No change
MDB Mongodb Inc. 0.05% 896 $209K New
PEP Pepsico Inc. 0.05% 1,355 $206K No change

Portfolio Sells Q3 2024 → Q4 2024
PROSHARES TR Sold out 0.00% −2.04
XLRE SS Real Estate Select Sector Reduce -92.9% 0.13% −1.81
XLV SS Health Care Select Sector Reduce -47.1% 1.70% −1.77
BIIB Biogen Inc. Sold out 0.00% −1.45
NTR Nutrien Ltd. Sold out 0.00% −1.42
LMT Lockheed Martin Corp. Reduce -17.6% 2.78% −1.14
CVS CVS Health Corp. Sold out 0.00% −1.11
CPT Camden Property Trust Reduce -78.7% 0.24% −0.90
NKE Nike Inc. Class B Reduce -27.8% 1.14% −0.64
ITA iShares U.S. Aerospace & Def Reduce -87.1% 0.09% −0.60
JNJ Johnson & Johnson Reduce -8.3% 2.52% −0.45
ALGN Align Technology Inc. Sold out 0.00% −0.44
FCX Freeport-McMoran Inc. Reduce -6.1% 1.21% −0.42
GDX Vaneck Gold Miners ETF Reduce -17.2% 1.11% −0.41
DVN Devon Energy Corp. Reduce -76.7% 0.10% −0.38
STZ Constellation Brands Inc. Class A Reduce -13.9% 1.13% −0.34
UNH Unitedhealth Group Inc. Reduce -3.5% 1.97% −0.31
ENPH Enphase Energy Inc. Sold out 0.00% −0.24
UTF Cohen & Steers Infrastructur Reduce -2.5% 3.02% −0.21
SLV iShares Silver Trust Reduce -11.8% 1.11% −0.20
PROSHARES SHORT S&P500 Sold out 0.00% −0.17
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -2.2% 2.31% −0.12
INDA iShares MSCI India ETF Reduce -0.1% 1.31% −0.10
DLTR Dollar Tree Inc. Reduce -44.2% 0.15% −0.09
CRSP Crispr Therapeutics AG Reduce -19.9% 0.21% −0.09
RTX RTX Corp. Reduce -3.1% 1.42% −0.06
PHO Invesco Water Resources ETF Reduce -2.0% 1.05% −0.06
LRCX Lam Research Corp. Reduce -11.4% 0.25% −0.06
GE General Electric Sold out 0.00% −0.05
INTC Intel Corp. Sold out 0.00% −0.05
XLB SS Materials Select Sector Reduce -0.2% 0.44% −0.05
COP Conocophillips Reduce -0.7% 1.37% −0.04
MDT Medtronic PLC Reduce -29.9% 0.07% −0.04
USFR Wisdomtree Floating Rate Tre Reduce -23.1% 0.12% −0.03
IWM iShares Russell 2000 ETF Reduce -29.9% 0.08% −0.03
BCAL California Bancorp Reduce -21.1% 0.30% −0.03
ABT Abbott Laboratories Reduce -18.4% 0.10% −0.02
ABBV Abbvie Inc. Reduce -8.6% 0.09% −0.01
NEE Nextera Energy Inc. Reduce -0.9% 0.10% −0.01
ADBE Adobe Inc. Reduce -0.3% 0.11% −0.01
MRK Merck & Co. Inc. Reduce -7.4% 0.07% −0.01
SO The Southern Co. Reduce -0.1% 0.21% −0.01
XLI SS Industrial Select Sector Reduce -2.8% 0.50% −0.01
MCD McDonald's Corp. Reduce -0.3% 0.42% −0.01
HD Home Depot Inc. Reduce -0.3% 0.47% −0.00
PG The Procter & Gamble Co. Reduce -2.3% 0.09% −0.00
IBM Intl Business Machines Corp. Reduce -2.8% 2.19% +0.00
ETN Eaton Corp. PLC Reduce -0.9% 0.22% +0.01
CSCO Cisco Systems Inc. Reduce -10.0% 0.54% +0.02
WFC Wells Fargo & Co. Reduce -0.9% 0.10% +0.02

Portfolio Buys Q3 2024 → Q4 2024
XLF SS Financial Select Sector New 2.35% +2.35
AMZN Amazon.com Inc. Add +33.1% 6.10% +2.35
IJT iShares S&P Small-Cap 600 GR New 1.95% +1.95
TGT Target Corp. New 1.47% +1.47
ROK Rockwell Automation Inc. New 1.15% +1.15
GOOGL Alphabet Inc. Class A Add +21.5% 3.54% +1.08
ROKU Roku Inc. New 0.92% +0.92
PDBC Invesco Optimum Yield Divers Add +72.8% 2.12% +0.90
VOO Vanguard S&P 500 ETF Add +468.0% 1.01% +0.84
EOG EOG Resources Inc. New 0.64% +0.64
EQT Eqt Corp. New 0.48% +0.48
NLR Vaneck Urani & Nuclr ETF-Usd New 0.19% +0.19
CVX Chevron Corp. Add +35.7% 0.65% +0.18
BAC Bank of America Corp. Add +0.7% 1.32% +0.18
CELH Celsius Holdings Inc. Add +76.3% 0.50% +0.17
PFE Pfizer Inc. New 0.15% +0.15
JPM JPMorgan Chase & Co. Add +1.0% 0.83% +0.13
VRT Vertiv Holdings Co. Class A New 0.10% +0.10
GS Goldman Sachs Group Inc. Add +10.8% 0.40% +0.10
CRDO Credo Technology Group Holdi New 0.09% +0.09
AMD Advanced Micro Devices Add +174.6% 0.15% +0.08
TT Trane Technologies PLC Add +45.3% 0.21% +0.06
SNOW Snowflake Inc. New 0.06% +0.06
XLK SS Technology Select Sector New 0.06% +0.06
XLY SS Consumer Disc Select Sect New 0.05% +0.05
MDB Mongodb Inc. New 0.05% +0.05
MSFT Microsoft Corp. Add +0.1% 3.03% +0.05
GOOG Alphabet Inc. Class C Add +0.6% 0.23% +0.04
SPY SS SPDR S&P 500 ETF Trust-US Add +7.3% 0.25% +0.03
HACK Amplify Cybersecurity ETF Add +0.9% 0.22% +0.03
NFLX Netflix Inc. Add +2.2% 0.10% +0.03
NOBL Proshares S&P 500 Dividend A Add +46.3% 0.08% +0.02
CRWD CrowdStrike Holdings Inc. Class A Add +5.4% 0.07% +0.02
PANW Palo Alto Networks Inc. Add +0.1% 0.17% +0.02
WMT Walmart Inc. Add +3.2% 0.09% +0.01
CB Chubb Ltd. Add +8.3% 0.15% +0.01
AGG iShares Core U.S. Aggregate Add +2.4% 0.51% +0.01
FBT First Trust Nyse Arca Biotec Add +0.3% 0.24% +0.00
XOM Exxon Mobil Corp. Add +4.5% 2.09% −0.01
VZ Verizon Communications Inc. Add +3.4% 1.08% −0.05
LLY Eli Lilly & Co. Add +1.2% 0.79% −0.07
KO The Coca-Cola Co. Add +1.8% 2.53% −0.24
REGN Regeneron Pharmaceuticals Add +1.9% 0.87% −0.34

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q1 2026 128$495.0MAAPL, GLD, GOOGL, AMZN, JNJ
Q4 2025 133$518.3MAAPL, GOOGL, AMZN, GLD, MSFT
Q3 2025 129$486.6MAAPL, GLD, AMZN, GOOGL, MSFT
Q2 2025 110$397.2MAAPL, AMZN, GLD, MSFT, UTF
Q1 2025 102$392.8MGLD, AAPL, AMZN, UTF, KO
Q4 2024 107$403.6MAAPL, GLD, AMZN, GOOGL, MSFT
Q3 2024 101$418.5MGLD, AAPL, LMT, AMZN, XLV
Q2 2024 96$414.7MAAPL, GLD, AMZN, MSFT, XLV
Q1 2024 96$400.1MGLD, AAPL, AMZN, XLV, LMT