Bedell Frazier Investment Counselling, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Bedell Frazier Investment Counselling, LLC reported 133 stock positions worth $518.3 million. Its top holding was Apple (AAPL) at 8.5% of the portfolio, followed by Alphabet Class A (GOOGL, 5.5%) and Amazon.com (AMZN, 5.2%). Compared with Q3 2025, it opened 16 new positions, sold out of 12, added to 56 and reduced 55. The biggest buy was a new position in iShares US Transportation Et (IYT) and the biggest sale iShares Russell 2000 ETF (IWM, shares −97%).
- Most Recent 13F
- Q1 2026
- Location
- Walnut Creek, CA
- CIK
- 0001388142
- Portfolio Value
- $518.3M (Q4 2025)
- SEC Filing
- 0001172661-26-000843 ↗ filed Feb 17, 2026
Holdings Value
Holdings 133 stocks · $518.3M
| AAPL Apple Inc. | 8.46% | 161,297 | $43.9M | Add +4.1% |
| GOOGL Alphabet Inc. Class A | 5.48% | 90,775 | $28.4M | Reduce -1.3% |
| AMZN Amazon.com Inc. | 5.19% | 116,637 | $26.9M | Add +11.0% |
| GLD SPDR Gold Shares | 5.05% | 66,008 | $26.2M | Reduce -2.4% |
| MSFT Microsoft Corp. | 2.80% | 30,055 | $14.5M | Add +0.7% |
| LLY Eli Lilly & Co. | 2.67% | 12,881 | $13.8M | Add +30.9% |
| JNJ Johnson & Johnson | 2.40% | 60,140 | $12.4M | Add +2.3% |
| UBER Uber Technologies Inc. | 2.23% | 141,659 | $11.6M | Add +3.1% |
| IYT iShares US Transportation Et | 2.07% | 143,909 | $10.7M | New |
| KO The Coca-Cola Co. | 2.05% | 152,018 | $10.6M | Add +3.7% |
| META Meta Platforms Inc. Class A | 2.02% | 15,901 | $10.5M | Add +16.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.96% | 34,214 | $10.1M | Add +2.5% |
| LMT Lockheed Martin Corp. | 1.89% | 20,206 | $9.8M | Add +0.5% |
| C Citigroup Inc. | 1.80% | 79,742 | $9.3M | Add +4.9% |
| XOM Exxon Mobil Corp. | 1.77% | 76,151 | $9.2M | Reduce -1.3% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.61% | 195,751 | $8.4M | Reduce -7.6% |
| NVDA Nvidia Corp. | 1.59% | 44,108 | $8.2M | Reduce -0.5% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 1.53% | 130,191 | $7.9M | New |
| UTF Cohen & Steers Infrastructur | 1.48% | 318,135 | $7.7M | Reduce -6.9% |
| PDBC Invesco Optimum Yield Divers | 1.47% | 573,902 | $7.6M | Reduce -6.5% |
| BLK BlackRock Inc. | 1.43% | 6,944 | $7.4M | Add +112.5% |
| ANET Arista Networks Inc. | 1.38% | 54,524 | $7.1M | Reduce -1.5% |
| VZ Verizon Communications Inc. | 1.36% | 172,870 | $7.0M | Reduce -13.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.34% | 61,264 | $7.0M | Add +4.4% |
| EQT Eqt Corp. | 1.34% | 129,567 | $6.9M | Add +2.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.32% | 124,013 | $6.8M | Add +1.3% |
| FCX Freeport-McMoran Inc. | 1.32% | 134,247 | $6.8M | Add +43.0% |
| XLK SS Technology Select Sector | 1.25% | 44,836 | $6.5M | Add +972.6% |
| MCD McDonald's Corp. | 1.15% | 19,423 | $5.9M | Add +262.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 1.11% | 12,271 | $5.8M | Add +0.5% |
| EWZ iShares MSCI Brazil ETF | 1.10% | 179,944 | $5.7M | Add +3.4% |
| BA The Boeing Co. | 1.10% | 26,162 | $5.7M | Add +221.8% |
| ALB Albemarle Corp. | 1.09% | 39,801 | $5.6M | Reduce -0.2% |
| TSLA Tesla Inc. | 1.04% | 12,017 | $5.4M | Reduce -33.5% |
| REGN Regeneron Pharmaceuticals | 1.02% | 6,872 | $5.3M | Reduce -0.3% |
| AGG iShares Core U.S. Aggregate | 1.01% | 52,466 | $5.2M | Add +47.4% |
| ETN Eaton Corp. PLC | 0.89% | 14,513 | $4.6M | Reduce -7.4% |
| JPM JPMorgan Chase & Co. | 0.88% | 14,118 | $4.5M | Add +0.2% |
| ROK Rockwell Automation Inc. | 0.87% | 11,640 | $4.5M | Reduce -2.4% |
| PHO Invesco Water Resources ETF | 0.83% | 61,189 | $4.3M | Reduce -3.0% |
| NKE Nike Inc. Class B | 0.79% | 64,553 | $4.1M | Reduce -26.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.78% | 13,266 | $4.0M | Add +1.6% |
| PICK iShares MSCI Global Metals & | 0.78% | 78,305 | $4.0M | Reduce -1.2% |
| CELH Celsius Holdings Inc. | 0.76% | 86,675 | $4.0M | Add +3.0% |
| XLF SS Financial Select Sector | 0.75% | 70,909 | $3.9M | Add +0.4% |
| SCHW Schwab (charles) Corp. | 0.75% | 38,706 | $3.9M | New |
| COST Costco Wholesale Corp. | 0.70% | 4,197 | $3.6M | Add +11.8% |
| SNOW Snowflake Inc. | 0.67% | 15,885 | $3.5M | Add +5.7% |
| XLI SS Industrial Select Sector | 0.63% | 21,057 | $3.3M | Reduce -0.3% |
| AMD Advanced Micro Devices | 0.63% | 15,149 | $3.2M | Reduce -30.0% |
| HD Home Depot Inc. | 0.61% | 9,244 | $3.2M | Add +7.5% |
| NFLX Netflix Inc. | 0.60% | 33,168 | $3.1M | Add +63.5% |
| GOOG Alphabet Inc. Class C | 0.60% | 9,888 | $3.1M | Reduce -0.6% |
| CVX Chevron Corp. | 0.58% | 19,744 | $3.0M | Reduce -2.6% |
| DKNG Draftkings Inc. Class A | 0.52% | 77,730 | $2.7M | Reduce -35.3% |
| EOG EOG Resources Inc. | 0.50% | 24,612 | $2.6M | Reduce -1.5% |
| CSCO Cisco Systems Inc. | 0.49% | 32,724 | $2.5M | Add +0.3% |
| LRCX Lam Research Corp. | 0.44% | 13,410 | $2.3M | Reduce -3.3% |
| LIN Linde PLC | 0.43% | 5,269 | $2.2M | Reduce -12.0% |
| MAR Marriott International Class A | 0.41% | 6,880 | $2.1M | Reduce -6.8% |
| GAP The Gap Inc. | 0.41% | 82,852 | $2.1M | New |
| GS Goldman Sachs Group Inc. | 0.40% | 2,367 | $2.1M | Reduce -7.6% |
| AVGO Broadcom Inc. | 0.40% | 5,952 | $2.1M | Reduce -1.3% |
| XLV SS Health Care Select Sector | 0.39% | 13,126 | $2.0M | Reduce -6.4% |
| ULTA Ulta Beauty Inc. | 0.38% | 3,243 | $2.0M | Reduce -4.7% |
| XLB SS Materials Select Sector | 0.36% | 40,682 | $1.8M | No change |
| USFR Wisdomtree Floating Rate Tre | 0.35% | 35,986 | $1.8M | Add +121.6% |
| V Visa Inc. Class A | 0.30% | 4,386 | $1.5M | Reduce -0.6% |
| VOO Vanguard S&P 500 ETF | 0.25% | 2,083 | $1.3M | Add +22.4% |
| BCAL California Bancorp | 0.22% | 61,815 | $1.2M | Reduce -5.5% |
| DVN Devon Energy Corp. | 0.22% | 31,057 | $1.1M | Add +4.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.21% | 1,633 | $1.1M | Add +38.2% |
| PANW Palo Alto Networks Inc. | 0.21% | 5,978 | $1.1M | Add +2.8% |
| HACK Amplify Cybersecurity ETF | 0.20% | 13,009 | $1.0M | Add +9.7% |
| IBIT iShares Bitcoin Trust ETF | 0.19% | 20,114 | $999K | Reduce -6.9% |
| WRBY Warby Parker Inc. Class A | 0.19% | 45,180 | $984K | New |
| SO The Southern Co. | 0.17% | 10,220 | $891K | Reduce -1.5% |
| DLTR Dollar Tree Inc. | 0.16% | 6,924 | $852K | Reduce -6.2% |
| WMB Williams Cos Inc. | 0.15% | 13,089 | $787K | Reduce -1.7% |
| INDA iShares MSCI India ETF | 0.15% | 14,278 | $772K | Add +25.3% |
| BHP BHP Group Ltd.-Spon ADR | 0.14% | 12,375 | $747K | Add +3.5% |
| FBT First Trust Nyse Arca Biotec | 0.14% | 3,497 | $722K | Add +9.3% |
| VRT Vertiv Holdings Co. Class A | 0.13% | 4,270 | $692K | Reduce -15.2% |
| XLC SS Comm Select Sector SPDR | 0.13% | 5,690 | $670K | New |
| PFE Pfizer Inc. | 0.13% | 26,395 | $657K | Reduce -7.3% |
| TT Trane Technologies PLC | 0.12% | 1,580 | $615K | Reduce -7.5% |
| ESLT Elbit Systems Ltd. | 0.11% | 1,000 | $578K | Reduce -4.8% |
| ABBV Abbvie Inc. | 0.11% | 2,458 | $562K | Add +30.1% |
| GBTC Grayscale Bitcoin Trust ETF | 0.11% | 8,142 | $557K | Reduce -2.8% |
| XLY SS Consumer Disc Select Sect | 0.10% | 4,521 | $540K | Add +76.6% |
| WFC Wells Fargo & Co. | 0.10% | 5,631 | $525K | Add +2.3% |
| INTC Intel Corp. | 0.10% | 13,739 | $507K | Add +46.4% |
| RTX RTX Corp. | 0.09% | 2,564 | $470K | Add +12.1% |
| MRK Merck & Co. Inc. | 0.09% | 4,419 | $465K | Reduce -11.8% |
| NEE Nextera Energy Inc. | 0.09% | 5,657 | $454K | Add +3.3% |
| ABT Abbott Laboratories | 0.09% | 3,524 | $442K | Add +13.8% |
| VIG Vanguard Dividend Apprec ETF | 0.08% | 1,987 | $437K | Reduce -3.1% |
| WMT Walmart Inc. | 0.08% | 3,724 | $415K | Reduce -6.6% |
| CEG Constellation Energy | 0.08% | 1,130 | $399K | Add +54.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.08% | 642 | $394K | Reduce -95.3% |
Portfolio Sells Q3 2025 → Q4 2025
| IWM iShares Russell 2000 ETF | Reduce -97.3% | 0.07% | −2.61 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -95.3% | 0.08% | −1.60 |
| ROKU Roku Inc. | Sold out | 0.00% | −0.96 |
| XYL Xylem Inc. | Sold out | 0.00% | −0.67 |
| BX Blackstone Inc. | Reduce -91.6% | 0.05% | −0.61 |
| TSLA Tesla Inc. | Reduce -33.5% | 1.04% | −0.61 |
| XYZ Block Inc. | Sold out | 0.00% | −0.53 |
| IVOO Vanguard S&P Mid-Cap 400 ETF | Reduce -87.0% | 0.07% | −0.52 |
| SOFI Sofi Technologies Inc. | Reduce -92.2% | 0.04% | −0.52 |
| NKE Nike Inc. Class B | Reduce -26.7% | 0.79% | −0.47 |
| VZ Verizon Communications Inc. | Reduce -13.7% | 1.36% | −0.45 |
| DKNG Draftkings Inc. Class A | Reduce -35.3% | 0.52% | −0.41 |
| ETN Eaton Corp. PLC | Reduce -7.4% | 0.89% | −0.31 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -7.6% | 1.61% | −0.29 |
| ANET Arista Networks Inc. | Reduce -1.5% | 1.38% | −0.28 |
| UTF Cohen & Steers Infrastructur | Reduce -6.9% | 1.48% | −0.26 |
| PDBC Invesco Optimum Yield Divers | Reduce -6.5% | 1.47% | −0.23 |
| LIN Linde PLC | Reduce -12.0% | 0.43% | −0.15 |
| NVDA Nvidia Corp. | Reduce -0.5% | 1.59% | −0.11 |
| PHO Invesco Water Resources ETF | Reduce -3.0% | 0.83% | −0.10 |
| IBIT iShares Bitcoin Trust ETF | Reduce -6.9% | 0.19% | −0.10 |
| AMD Advanced Micro Devices | Reduce -30.0% | 0.63% | −0.09 |
| UL Unilever PLC | Sold out | 0.00% | −0.08 |
| EOG EOG Resources Inc. | Reduce -1.5% | 0.50% | −0.08 |
| CVX Chevron Corp. | Reduce -2.6% | 0.58% | −0.07 |
| CB Chubb Ltd. | Sold out | 0.00% | −0.06 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.05 |
| OKLO Oklo Inc. | Sold out | 0.00% | −0.05 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -2.8% | 0.11% | −0.05 |
| CHKP Check Point Software Tech | Sold out | 0.00% | −0.05 |
| SPMO Invesco S&P 500 Momentum ETF | Sold out | 0.00% | −0.04 |
| EPD Enterprise Products Partners | Sold out | 0.00% | −0.04 |
| WIX Wix.com Ltd. | Sold out | 0.00% | −0.04 |
| CRDO Credo Technology Group Holdi | Sold out | 0.00% | −0.04 |
| XLI SS Industrial Select Sector | Reduce -0.3% | 0.63% | −0.04 |
| SO The Southern Co. | Reduce -1.5% | 0.17% | −0.03 |
| TT Trane Technologies PLC | Reduce -7.5% | 0.12% | −0.03 |
| VRT Vertiv Holdings Co. Class A | Reduce -15.2% | 0.13% | −0.02 |
| PFE Pfizer Inc. | Reduce -7.3% | 0.13% | −0.02 |
| WMB Williams Cos Inc. | Reduce -1.7% | 0.15% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -1.3% | 1.77% | −0.02 |
| GS Goldman Sachs Group Inc. | Reduce -7.6% | 0.40% | −0.02 |
| XLRE SS Real Estate Select Sector | Reduce -23.1% | 0.04% | −0.02 |
| V Visa Inc. Class A | Reduce -0.6% | 0.30% | −0.01 |
| AVGO Broadcom Inc. | Reduce -1.3% | 0.40% | −0.01 |
| XLV SS Health Care Select Sector | Reduce -6.4% | 0.39% | −0.01 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -10.6% | 0.06% | −0.01 |
| MDY State Street SPDR S&P Midcap | Reduce -8.5% | 0.05% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -3.1% | 0.08% | −0.01 |
| ADBE Adobe Inc. | Reduce -3.3% | 0.05% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| IYT iShares US Transportation Et | New | 2.07% | +2.07 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | New | 1.53% | +1.53 |
| LLY Eli Lilly & Co. | Add +30.9% | 2.67% | +1.13 |
| XLK SS Technology Select Sector | Add +972.6% | 1.25% | +1.12 |
| MCD McDonald's Corp. | Add +262.6% | 1.15% | +0.81 |
| SCHW Schwab (charles) Corp. | New | 0.75% | +0.75 |
| BA The Boeing Co. | Add +221.8% | 1.10% | +0.74 |
| BLK BlackRock Inc. | Add +112.5% | 1.43% | +0.65 |
| FCX Freeport-McMoran Inc. | Add +43.0% | 1.32% | +0.56 |
| AMZN Amazon.com Inc. | Add +11.0% | 5.19% | +0.45 |
| GAP The Gap Inc. | New | 0.41% | +0.41 |
| AAPL Apple Inc. | Add +4.1% | 8.46% | +0.36 |
| AGG iShares Core U.S. Aggregate | Add +47.4% | 1.01% | +0.28 |
| C Citigroup Inc. | Add +4.9% | 1.80% | +0.21 |
| WRBY Warby Parker Inc. Class A | New | 0.19% | +0.19 |
| USFR Wisdomtree Floating Rate Tre | Add +121.6% | 0.35% | +0.18 |
| JNJ Johnson & Johnson | Add +2.3% | 2.40% | +0.16 |
| XLC SS Comm Select Sector SPDR | New | 0.13% | +0.13 |
| NFLX Netflix Inc. | Add +63.5% | 0.60% | +0.10 |
| CCJ Cameco Corp. | New | 0.07% | +0.07 |
| TSEM Tower Semiconductor Ltd. | New | 0.06% | +0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +38.2% | 0.21% | +0.05 |
| QCOM Qualcomm Inc. | New | 0.05% | +0.05 |
| KO The Coca-Cola Co. | Add +3.7% | 2.05% | +0.05 |
| XRT SS SPDR S&P Retail ETF | New | 0.05% | +0.05 |
| BMY Bristol-Myers Squibb Co. | New | 0.05% | +0.05 |
| XLE SS Energy Select Sector | New | 0.04% | +0.04 |
| PEP Pepsico Inc. | New | 0.04% | +0.04 |
| XLY SS Consumer Disc Select Sect | Add +76.6% | 0.10% | +0.04 |
| SYK Stryker Corp. | New | 0.04% | +0.04 |
| FEZ State Street SPDR Euro Stoxx | New | 0.04% | +0.04 |
| HOOD Robinhood Markets Inc. Class A | New | 0.04% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +22.4% | 0.25% | +0.04 |
| INTC Intel Corp. | Add +46.4% | 0.10% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.6% | 0.78% | +0.03 |
| CEG Constellation Energy | Add +54.4% | 0.08% | +0.03 |
| CSCO Cisco Systems Inc. | Add +0.3% | 0.49% | +0.03 |
| INDA iShares MSCI India ETF | Add +25.3% | 0.15% | +0.03 |
| FBT First Trust Nyse Arca Biotec | Add +9.3% | 0.14% | +0.02 |
| IBM Intl Business Machines Corp. | Add +2.5% | 1.96% | +0.02 |
| RKLB Rocket Lab Corp. | Add +2.1% | 0.07% | +0.02 |
| ABBV Abbvie Inc. | Add +30.1% | 0.11% | +0.02 |
| BAC Bank of America Corp. | Add +1.3% | 1.32% | +0.02 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +29.0% | 0.07% | +0.01 |
| RTX RTX Corp. | Add +12.1% | 0.09% | +0.01 |
| MDT Medtronic PLC | Add +21.9% | 0.07% | +0.01 |
| BHP BHP Group Ltd.-Spon ADR | Add +3.5% | 0.14% | +0.01 |
| WFC Wells Fargo & Co. | Add +2.3% | 0.10% | +0.01 |
| DVN Devon Energy Corp. | Add +4.8% | 0.22% | +0.01 |
| AXP American Express Co. | Add +1.3% | 0.06% | +0.00 |
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 |