Bedell Frazier Investment Counselling, LLC

Name: Bedell Frazier Investment Counselling, LLC 13F holdings, Q4 2025
Creator: Bedell Frazier Investment Counselling, LLC
Published: 2026-02-17

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

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%
VTI VG Morningstar TS MKT ETF-US	0.08%	1,174	$394K	Reduce -2.2%
ACWX iShares MSCI Acwi Ex US ETF	0.07%	5,753	$386K	Add +29.0%
MDT Medtronic PLC	0.07%	4,019	$386K	Add +21.9%
IVOO Vanguard S&P Mid-Cap 400 ETF	0.07%	3,423	$383K	Reduce -87.0%
BE Bloom Energy Corp. Class A	0.07%	4,370	$380K	Add +4.9%
GE General Electric filed as GE AEROSPACE	0.07%	1,231	$379K	Reduce -0.3%
PG The Procter & Gamble Co.	0.07%	2,504	$359K	Add +13.9%
IWM iShares Russell 2000 ETF	0.07%	1,442	$355K	Reduce -97.3%
RKLB Rocket Lab Corp.	0.07%	4,950	$345K	Add +2.1%
CCJ Cameco Corp.	0.07%	3,721	$340K	New
NOBL Proshares S&P 500 Dividend A	0.07%	3,247	$338K	Add +0.6%
GDX Vaneck Gold Miners ETF	0.06%	3,760	$322K	No change
TSEM Tower Semiconductor Ltd.	0.06%	2,700	$317K	New
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	0.06%	634	$305K	Reduce -10.6%
AXP American Express Co.	0.06%	810	$300K	Add +1.3%
QCOM Qualcomm Inc.	0.05%	1,587	$271K	New
MA Mastercard Inc. Class A	0.05%	465	$265K	No change
MDY State Street SPDR S&P Midcap	0.05%	433	$261K	Reduce -8.5%
ADBE Adobe Inc.	0.05%	744	$260K	Reduce -3.3%
XRT SS SPDR S&P Retail ETF	0.05%	3,006	$256K	New
BMY Bristol-Myers Squibb Co.	0.05%	4,587	$247K	New
APD Air Products & Chemicals Inc.	0.05%	1,000	$247K	No change
BX Blackstone Inc.	0.05%	1,585	$244K	Reduce -91.6%
NET Cloudflare Inc. Class A	0.05%	1,228	$242K	Add +13.3%
XLE SS Energy Select Sector	0.04%	5,158	$231K	New
PEP Pepsico Inc.	0.04%	1,553	$223K	New
GEV GE Vernova Inc.	0.04%	326	$213K	No change
SYK Stryker Corp.	0.04%	600	$211K	New
SOFI Sofi Technologies Inc.	0.04%	7,936	$208K	Reduce -92.2%
AMX America Movil Sab DE CV	0.04%	10,000	$207K	No change
FEZ State Street SPDR Euro Stoxx	0.04%	3,180	$205K	New
XLRE SS Real Estate Select Sector	0.04%	5,045	$204K	Reduce -23.1%
HOOD Robinhood Markets Inc. Class A	0.04%	1,776	$201K	New

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