Bedell Frazier Investment Counselling, LLC

Name: Bedell Frazier Investment Counselling, LLC 13F holdings, Q2 2025
Creator: Bedell Frazier Investment Counselling, LLC
Published: 2025-08-11

Q1 2026Q4 2025Q3 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

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%
RTX RTX Corp.	0.06%	1,682	$246K	Reduce -38.6%
BX Blackstone Inc.	0.06%	1,530	$229K	Add +2.0%
CEG Constellation Energy	0.06%	698	$225K	New
BE Bloom Energy Corp. Class A	0.06%	9,364	$224K	New
EPD Enterprise Products Partners	0.05%	6,980	$216K	No change
RKLB Rocket Lab Corp.	0.05%	5,840	$209K	New
XLY SS Consumer Disc Select Sect	0.05%	958	$208K	New
UPS United Parcel Service Class B	0.05%	2,060	$208K	New
ORCL Oracle Corp.	0.05%	950	$208K	New
MDT Medtronic PLC	0.05%	2,297	$200K	Reduce -4.6%

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