Bedell Frazier Investment Counselling, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Bedell Frazier Investment Counselling, LLC reported 110 stock positions worth $397.2 million. Its top holding was Apple (AAPL) at 7.9% of the portfolio, followed by Amazon.com (AMZN, 5.9%) and SPDR Gold Shares (GLD, 5.3%). Compared with Q1 2025, it opened 15 new positions, sold out of 7, added to 32 and reduced 54. The biggest buy was a new position in State Street SPDR Euro Stoxx (FEZ) and the biggest sale SPDR Gold Shares (GLD, shares −55%).
- Most Recent 13F
- Q1 2026
- Location
- Walnut Creek, CA
- CIK
- 0001388142
- Portfolio Value
- $397.2M (Q2 2025)
- SEC Filing
- 0001172661-25-003018 ↗ filed Aug 11, 2025
Holdings Value
Holdings 110 stocks · $397.2M
| AAPL Apple Inc. | 7.89% | 152,774 | $31.3M | Reduce -2.2% |
| AMZN Amazon.com Inc. | 5.89% | 106,682 | $23.4M | Reduce -3.4% |
| GLD SPDR Gold Shares | 5.33% | 69,492 | $21.2M | Reduce -54.6% |
| MSFT Microsoft Corp. | 3.50% | 27,918 | $13.9M | Reduce -1.9% |
| UTF Cohen & Steers Infrastructur | 3.32% | 489,893 | $13.2M | Reduce -1.5% |
| GOOGL Alphabet Inc. Class A | 3.31% | 74,582 | $13.1M | Reduce -0.3% |
| UBER Uber Technologies Inc. | 3.05% | 129,690 | $12.1M | Add +40.0% |
| KO The Coca-Cola Co. | 2.83% | 158,892 | $11.2M | Reduce -2.4% |
| LMT Lockheed Martin Corp. | 2.69% | 23,095 | $10.7M | Add +2.6% |
| VZ Verizon Communications Inc. | 2.46% | 225,675 | $9.8M | Add +90.3% |
| UL Unilever PLC | 2.46% | 159,599 | $9.8M | Add +65.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.44% | 32,931 | $9.7M | Reduce -0.8% |
| PDBC Invesco Optimum Yield Divers | 2.40% | 731,135 | $9.5M | Add +0.0% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 2.38% | 115,774 | $9.5M | Reduce -1.7% |
| JNJ Johnson & Johnson | 2.31% | 60,182 | $9.2M | Add +0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.22% | 71,018 | $8.8M | Reduce -8.1% |
| XOM Exxon Mobil Corp. | 2.12% | 78,203 | $8.4M | Add +2.4% |
| FEZ State Street SPDR Euro Stoxx | 1.98% | 131,365 | $7.8M | New |
| LLY Eli Lilly & Co. | 1.89% | 9,641 | $7.5M | Add +126.8% |
| NVDA Nvidia Corp. | 1.79% | 45,080 | $7.1M | Reduce -2.2% |
| NKE Nike Inc. Class B | 1.56% | 87,393 | $6.2M | Reduce -1.6% |
| XLV SS Health Care Select Sector | 1.45% | 42,781 | $5.8M | Reduce -2.4% |
| TGT Target Corp. | 1.45% | 58,249 | $5.7M | Add +22.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.41% | 118,238 | $5.6M | Add +0.8% |
| ROK Rockwell Automation Inc. | 1.34% | 16,029 | $5.3M | Reduce -1.3% |
| PROSHARES TR | 1.33% | 316,489 | $5.3M | New |
| COST Costco Wholesale Corp. | 1.27% | 5,081 | $5.0M | Reduce -1.1% |
| EWZ iShares MSCI Brazil ETF | 1.24% | 171,125 | $4.9M | New |
| PHO Invesco Water Resources ETF | 1.11% | 63,161 | $4.4M | Reduce -1.0% |
| FCX Freeport-McMoran Inc. | 1.06% | 97,095 | $4.2M | Reduce -14.8% |
| JPM JPMorgan Chase & Co. | 1.04% | 14,308 | $4.1M | Add +4.5% |
| ROKU Roku Inc. | 1.02% | 46,192 | $4.1M | Reduce -6.4% |
| REGN Regeneron Pharmaceuticals | 0.98% | 7,415 | $3.9M | Reduce -5.2% |
| NFLX Netflix Inc. | 0.95% | 2,827 | $3.8M | Add +0.3% |
| C Citigroup Inc. | 0.92% | 42,869 | $3.6M | Reduce -0.0% |
| BLK BlackRock Inc. | 0.83% | 3,152 | $3.3M | New |
| CMCSA Comcast Corp. Class A | 0.82% | 91,427 | $3.3M | New |
| EQT Eqt Corp. | 0.80% | 54,755 | $3.2M | Reduce -29.1% |
| AVGO Broadcom Inc. | 0.80% | 11,532 | $3.2M | Reduce -4.7% |
| MRK Merck & Co. Inc. | 0.79% | 39,569 | $3.1M | New |
| EOG EOG Resources Inc. | 0.75% | 25,066 | $3.0M | Add +16.4% |
| PICK iShares MSCI Global Metals & | 0.72% | 76,157 | $2.9M | New |
| CVX Chevron Corp. | 0.70% | 19,474 | $2.8M | Add +6.5% |
| CELH Celsius Holdings Inc. | 0.65% | 55,808 | $2.6M | Reduce -32.7% |
| UNH Unitedhealth Group Inc. | 0.64% | 8,153 | $2.5M | Reduce -43.8% |
| AGG iShares Core U.S. Aggregate | 0.62% | 24,914 | $2.5M | Add +15.5% |
| CSCO Cisco Systems Inc. | 0.53% | 30,155 | $2.1M | Reduce -7.4% |
| MAR Marriott International Class A | 0.52% | 7,501 | $2.0M | No change |
| GS Goldman Sachs Group Inc. | 0.46% | 2,577 | $1.8M | Reduce -4.3% |
| GOOG Alphabet Inc. Class C | 0.45% | 10,123 | $1.8M | Add +116.0% |
| HD Home Depot Inc. | 0.45% | 4,879 | $1.8M | Add +0.4% |
| XLB SS Materials Select Sector | 0.44% | 20,099 | $1.8M | Reduce -3.0% |
| BA The Boeing Co. | 0.43% | 8,241 | $1.7M | Reduce -16.4% |
| META Meta Platforms Inc. Class A | 0.43% | 2,319 | $1.7M | No change |
| MCD McDonald's Corp. | 0.41% | 5,570 | $1.6M | Reduce -3.9% |
| V Visa Inc. Class A | 0.41% | 4,531 | $1.6M | Add +4.0% |
| XLI SS Industrial Select Sector | 0.33% | 8,760 | $1.3M | Reduce -21.1% |
| LRCX Lam Research Corp. | 0.30% | 12,445 | $1.2M | Reduce -7.4% |
| BCAL California Bancorp | 0.27% | 69,036 | $1.1M | Reduce -6.4% |
| VOO Vanguard S&P 500 ETF | 0.26% | 1,810 | $1.0M | Reduce -75.9% |
| HACK Amplify Cybersecurity ETF | 0.25% | 11,607 | $1.0M | Reduce -2.5% |
| SO The Southern Co. | 0.24% | 10,375 | $953K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.24% | 1,533 | $947K | Reduce -91.6% |
| DVN Devon Energy Corp. | 0.24% | 29,467 | $937K | Add +139.4% |
| CPT Camden Property Trust | 0.23% | 8,214 | $926K | Add +1.7% |
| PANW Palo Alto Networks Inc. | 0.22% | 4,317 | $883K | Add +24.2% |
| WMB Williams Cos Inc. | 0.21% | 13,088 | $822K | New |
| DLTR Dollar Tree Inc. | 0.19% | 7,585 | $751K | Reduce -3.8% |
| TT Trane Technologies PLC | 0.19% | 1,715 | $750K | Reduce -8.3% |
| GBTC Grayscale Bitcoin Trust ETF | 0.19% | 8,822 | $748K | Reduce -6.4% |
| PFE Pfizer Inc. | 0.18% | 29,780 | $722K | Add +30.6% |
| VRT Vertiv Holdings Co. Class A | 0.16% | 5,045 | $648K | Add +0.8% |
| INDA iShares MSCI India ETF | 0.15% | 10,928 | $608K | Reduce -4.4% |
| ETN Eaton Corp. PLC | 0.14% | 1,598 | $570K | Reduce -8.6% |
| TSLA Tesla Inc. | 0.14% | 1,746 | $555K | Reduce -1.1% |
| USFR Wisdomtree Floating Rate Tre | 0.13% | 10,569 | $532K | Add +9.9% |
| IEF iShares 7-10 Year Treasury B | 0.13% | 5,417 | $519K | New |
| FBT First Trust Nyse Arca Biotec | 0.13% | 3,143 | $507K | Reduce -45.8% |
| WFC Wells Fargo & Co. | 0.11% | 5,504 | $441K | No change |
| ABT Abbott Laboratories | 0.11% | 3,088 | $420K | Reduce -6.4% |
| VIG Vanguard Dividend Apprec ETF | 0.11% | 2,050 | $420K | No change |
| WMT Walmart Inc. | 0.10% | 4,054 | $396K | Add +8.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.10% | 773 | $394K | Add +0.3% |
| NEE Nextera Energy Inc. | 0.10% | 5,476 | $380K | Reduce -1.4% |
| CRSP Crispr Therapeutics AG | 0.09% | 7,646 | $372K | Reduce -48.2% |
| ABBV Abbvie Inc. | 0.09% | 1,939 | $360K | No change |
| PG The Procter & Gamble Co. | 0.09% | 2,248 | $358K | Add +1.1% |
| ADBE Adobe Inc. | 0.08% | 866 | $335K | Reduce -11.8% |
| NOBL Proshares S&P 500 Dividend A | 0.08% | 3,192 | $321K | Add +0.4% |
| GE General Electric filed as GE AEROSPACE | 0.08% | 1,231 | $317K | Add +11.3% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.08% | 719 | $317K | Reduce -1.8% |
| CB Chubb Ltd. | 0.08% | 1,080 | $313K | Reduce -34.4% |
| SNOW Snowflake Inc. | 0.08% | 1,375 | $308K | Reduce -14.0% |
| XLRE SS Real Estate Select Sector | 0.07% | 7,160 | $297K | Reduce -21.7% |
| APD Air Products & Chemicals Inc. | 0.07% | 1,025 | $289K | No change |
| MA Mastercard Inc. Class A | 0.07% | 490 | $275K | Add +5.4% |
| XLK SS Technology Select Sector | 0.07% | 1,079 | $273K | Reduce -2.4% |
| MDY State Street SPDR S&P Midcap | 0.07% | 473 | $268K | No change |
| ACWX iShares MSCI Acwi Ex US ETF | 0.07% | 4,359 | $266K | Add +2.6% |
| AXP American Express Co. | 0.06% | 800 | $255K | Reduce -0.1% |
Portfolio Sells Q1 2025 → Q2 2025
| GLD SPDR Gold Shares | Reduce -54.6% | 5.33% | −5.89 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -91.6% | 0.24% | −2.37 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −1.92 |
| SLV iShares Silver Trust | Sold out | 0.00% | −1.82 |
| UNH Unitedhealth Group Inc. | Reduce -43.8% | 0.64% | −1.29 |
| SLB SLB Ltd. | Sold out | 0.00% | −1.05 |
| AAPL Apple Inc. | Reduce -2.2% | 7.89% | −0.94 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.75 |
| VOO Vanguard S&P 500 ETF | Reduce -75.9% | 0.26% | −0.72 |
| REGN Regeneron Pharmaceuticals | Reduce -5.2% | 0.98% | −0.28 |
| EQT Eqt Corp. | Reduce -29.1% | 0.80% | −0.25 |
| XLV SS Health Care Select Sector | Reduce -2.4% | 1.45% | −0.18 |
| KO The Coca-Cola Co. | Reduce -2.4% | 2.83% | −0.14 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.14 |
| FBT First Trust Nyse Arca Biotec | Reduce -45.8% | 0.13% | −0.12 |
| CELH Celsius Holdings Inc. | Reduce -32.7% | 0.65% | −0.10 |
| CCJ Cameco Corp. | Sold out | 0.00% | −0.07 |
| MCD McDonald's Corp. | Reduce -3.9% | 0.41% | −0.05 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.05 |
| CB Chubb Ltd. | Reduce -34.4% | 0.08% | −0.05 |
| XLI SS Industrial Select Sector | Reduce -21.1% | 0.33% | −0.05 |
| FCX Freeport-McMoran Inc. | Reduce -14.8% | 1.06% | −0.04 |
| CRSP Crispr Therapeutics AG | Reduce -48.2% | 0.09% | −0.03 |
| RTX RTX Corp. | Reduce -38.6% | 0.06% | −0.03 |
| XLRE SS Real Estate Select Sector | Reduce -21.7% | 0.07% | −0.02 |
| ADBE Adobe Inc. | Reduce -11.8% | 0.08% | −0.01 |
| XLB SS Materials Select Sector | Reduce -3.0% | 0.44% | −0.01 |
| ABT Abbott Laboratories | Reduce -6.4% | 0.11% | −0.01 |
| MDT Medtronic PLC | Reduce -4.6% | 0.05% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -1.4% | 0.10% | −0.00 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -1.8% | 0.08% | +0.00 |
| INDA iShares MSCI India ETF | Reduce -4.4% | 0.15% | +0.00 |
| BCAL California Bancorp | Reduce -6.4% | 0.27% | +0.00 |
| BA The Boeing Co. | Reduce -16.4% | 0.43% | +0.01 |
| AXP American Express Co. | Reduce -0.1% | 0.06% | +0.01 |
| XLK SS Technology Select Sector | Reduce -2.4% | 0.07% | +0.01 |
| CSCO Cisco Systems Inc. | Reduce -7.4% | 0.53% | +0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -1.7% | 2.38% | +0.02 |
| SNOW Snowflake Inc. | Reduce -14.0% | 0.08% | +0.02 |
| ETN Eaton Corp. PLC | Reduce -8.6% | 0.14% | +0.02 |
| TSLA Tesla Inc. | Reduce -1.1% | 0.14% | +0.02 |
| TT Trane Technologies PLC | Reduce -8.3% | 0.19% | +0.03 |
| COST Costco Wholesale Corp. | Reduce -1.1% | 1.27% | +0.03 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -6.4% | 0.19% | +0.03 |
| HACK Amplify Cybersecurity ETF | Reduce -2.5% | 0.25% | +0.03 |
| DLTR Dollar Tree Inc. | Reduce -3.8% | 0.19% | +0.04 |
| LRCX Lam Research Corp. | Reduce -7.4% | 0.30% | +0.06 |
| PHO Invesco Water Resources ETF | Reduce -1.0% | 1.11% | +0.06 |
| GS Goldman Sachs Group Inc. | Reduce -4.3% | 0.46% | +0.08 |
| UTF Cohen & Steers Infrastructur | Reduce -1.5% | 3.32% | +0.09 |
Portfolio Buys Q1 2025 → Q2 2025
| FEZ State Street SPDR Euro Stoxx | New | 1.98% | +1.98 |
| UBER Uber Technologies Inc. | Add +40.0% | 3.05% | +1.33 |
| PROSHARES TR | New | 1.33% | +1.33 |
| EWZ iShares MSCI Brazil ETF | New | 1.24% | +1.24 |
| VZ Verizon Communications Inc. | Add +90.3% | 2.46% | +1.09 |
| LLY Eli Lilly & Co. | Add +126.8% | 1.89% | +1.00 |
| UL Unilever PLC | Add +65.2% | 2.46% | +0.99 |
| BLK BlackRock Inc. | New | 0.83% | +0.83 |
| CMCSA Comcast Corp. Class A | New | 0.82% | +0.82 |
| MRK Merck & Co. Inc. | New | 0.79% | +0.79 |
| PICK iShares MSCI Global Metals & | New | 0.72% | +0.72 |
| NFLX Netflix Inc. | Add +0.3% | 0.95% | +0.28 |
| GOOG Alphabet Inc. Class C | Add +116.0% | 0.45% | +0.27 |
| WMB Williams Cos Inc. | New | 0.21% | +0.21 |
| JPM JPMorgan Chase & Co. | Add +4.5% | 1.04% | +0.19 |
| TGT Target Corp. | Add +22.0% | 1.45% | +0.18 |
| BAC Bank of America Corp. | Add +0.8% | 1.41% | +0.16 |
| LMT Lockheed Martin Corp. | Add +2.6% | 2.69% | +0.13 |
| IEF iShares 7-10 Year Treasury B | New | 0.13% | +0.13 |
| DVN Devon Energy Corp. | Add +139.4% | 0.24% | +0.12 |
| AGG iShares Core U.S. Aggregate | Add +15.5% | 0.62% | +0.08 |
| PANW Palo Alto Networks Inc. | Add +24.2% | 0.22% | +0.07 |
| VRT Vertiv Holdings Co. Class A | Add +0.8% | 0.16% | +0.07 |
| CEG Constellation Energy | New | 0.06% | +0.06 |
| BE Bloom Energy Corp. Class A | New | 0.06% | +0.06 |
| RKLB Rocket Lab Corp. | New | 0.05% | +0.05 |
| XLY SS Consumer Disc Select Sect | New | 0.05% | +0.05 |
| ORCL Oracle Corp. | New | 0.05% | +0.05 |
| UPS United Parcel Service Class B | New | 0.05% | +0.05 |
| EOG EOG Resources Inc. | Add +16.4% | 0.75% | +0.05 |
| PFE Pfizer Inc. | Add +30.6% | 0.18% | +0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +0.3% | 0.10% | +0.03 |
| GE General Electric | Add +11.3% | 0.08% | +0.02 |
| V Visa Inc. Class A | Add +4.0% | 0.41% | +0.02 |
| WMT Walmart Inc. | Add +8.6% | 0.10% | +0.02 |
| USFR Wisdomtree Floating Rate Tre | Add +9.9% | 0.13% | +0.01 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +2.6% | 0.07% | +0.01 |
| MA Mastercard Inc. Class A | Add +5.4% | 0.07% | +0.00 |
| BX Blackstone Inc. | Add +2.0% | 0.06% | +0.00 |
| NOBL Proshares S&P 500 Dividend A | Add +0.4% | 0.08% | −0.00 |
| HD Home Depot Inc. | Add +0.4% | 0.45% | −0.00 |
| PG The Procter & Gamble Co. | Add +1.1% | 0.09% | −0.01 |
| CPT Camden Property Trust | Add +1.7% | 0.23% | −0.02 |
| CVX Chevron Corp. | Add +6.5% | 0.70% | −0.08 |
| PDBC Invesco Optimum Yield Divers | Add +0.0% | 2.40% | −0.14 |
| XOM Exxon Mobil Corp. | Add +2.4% | 2.12% | −0.19 |
| JNJ Johnson & Johnson | Add +0.1% | 2.31% | −0.23 |
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 |