Bedell Frazier Investment Counselling, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Bedell Frazier Investment Counselling, LLC reported 128 stock positions worth $495.0 million. Its top holding was Apple (AAPL) at 8.4% of the portfolio, followed by SPDR Gold Shares (GLD, 5.6%) and Alphabet Class A (GOOGL, 5.3%). Compared with Q4 2025, it opened 9 new positions, sold out of 14, added to 47 and reduced 65. The biggest buy was a new position in Proshares Ultrashort S&P500 (SDS) and the biggest sale an exit from Uber Technologies (UBER).

Most Recent 13F
Q1 2026
Location
Walnut Creek, CA
CIK
0001388142
Portfolio Value
$495.0M (Q1 2026)
SEC Filing
0001172661-26-002262 ↗ filed May 15, 2026

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 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 $495.0M Q1 2026

Holdings 128 stocks · $495.0M

AAPL Apple Inc. 8.37% 163,204 $41.4M Add +1.2%
GLD SPDR Gold Shares 5.63% 64,755 $27.9M Reduce -1.9%
GOOGL Alphabet Inc. Class A 5.26% 90,548 $26.0M Reduce -0.3%
AMZN Amazon.com Inc. 5.16% 122,640 $25.5M Add +5.2%
JNJ Johnson & Johnson 2.63% 53,183 $13.0M Reduce -11.6%
XOM Exxon Mobil Corp. 2.54% 74,093 $12.6M Reduce -2.7%
SDS Proshares Ultrashort S&P500 2.50% 164,233 $12.4M New
LLY Eli Lilly & Co. 2.41% 12,980 $11.9M Add +0.8%
MSFT Microsoft Corp. 2.33% 31,182 $11.5M Add +3.8%
LMT Lockheed Martin Corp. 2.33% 19,091 $11.5M Reduce -5.5%
KO The Coca-Cola Co. 2.30% 149,966 $11.4M Reduce -1.4%
IYT iShares US Transportation Et 2.19% 145,339 $10.8M Add +1.0%
META Meta Platforms Inc. Class A 2.08% 17,973 $10.3M Add +13.0%
PDBC Invesco Optimum Yield Divers 2.05% 586,036 $10.2M Add +2.1%
C Citigroup Inc. 1.98% 86,428 $9.8M Add +8.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.70% 34,627 $8.4M Add +1.2%
EQT Eqt Corp. 1.66% 129,472 $8.2M Reduce -0.1%
UTF Cohen & Steers Infrastructur 1.62% 309,461 $8.0M Reduce -2.7%
NVDA Nvidia Corp. 1.59% 45,119 $7.9M Add +2.3%
DYNF Ishrs US E F R A ETF-Usd Inc. 1.58% 134,052 $7.8M Add +3.0%
FCX Freeport-McMoran Inc. 1.57% 132,112 $7.8M Reduce -1.6%
ALB Albemarle Corp. 1.43% 39,430 $7.1M Reduce -0.9%
BLK BlackRock Inc. 1.36% 7,020 $6.8M Add +1.1%
LIN Linde PLC 1.30% 13,017 $6.5M Add +147.1%
MCD McDonald's Corp. 1.25% 19,843 $6.2M Add +2.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.22% 123,501 $6.0M Reduce -0.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.20% 61,853 $6.0M Add +1.0%
AGG iShares Core U.S. Aggregate 1.17% 58,352 $5.8M Add +11.2%
XLK SS Technology Select Sector 1.14% 42,420 $5.6M Reduce -5.4%
REGN Regeneron Pharmaceuticals 1.08% 6,900 $5.3M Add +0.4%
ETN Eaton Corp. PLC 1.07% 14,872 $5.3M Add +2.5%
BA The Boeing Co. 1.05% 26,155 $5.2M Reduce -0.0%
PICK iShares MSCI Global Metals & 0.98% 86,019 $4.9M Add +9.8%
CRWD CrowdStrike Holdings Inc. Class A 0.98% 12,432 $4.9M Add +1.3%
TSLA Tesla Inc. 0.93% 12,372 $4.6M Add +3.0%
SCHW Schwab (charles) Corp. 0.91% 48,075 $4.5M Add +24.2%
TSM Taiwan Semiconductor-SP ADR 0.90% 13,133 $4.4M Reduce -1.0%
COST Costco Wholesale Corp. 0.85% 4,209 $4.2M Add +0.3%
ROK Rockwell Automation Inc. 0.84% 11,621 $4.2M Reduce -0.2%
PHO Invesco Water Resources ETF 0.83% 61,554 $4.1M Add +0.6%
VZ Verizon Communications Inc. 0.82% 81,131 $4.1M Reduce -53.1%
JPM JPMorgan Chase & Co. 0.82% 13,836 $4.1M Reduce -2.0%
CVX Chevron Corp. 0.81% 19,416 $4.0M Reduce -1.7%
EOG EOG Resources Inc. 0.71% 24,407 $3.5M Reduce -0.8%
XLF SS Financial Select Sector 0.71% 71,250 $3.5M Add +0.5%
XLI SS Industrial Select Sector 0.69% 21,109 $3.4M Add +0.3%
NFLX Netflix Inc. 0.66% 33,788 $3.2M Add +1.9%
XLB SS Materials Select Sector 0.65% 64,831 $3.2M Add +59.4%
AMD Advanced Micro Devices 0.64% 15,478 $3.1M Add +2.2%
CELH Celsius Holdings Inc. 0.62% 86,721 $3.1M Add +0.1%
HD Home Depot Inc. 0.62% 9,286 $3.1M Add +0.5%
WRBY Warby Parker Inc. Class A 0.57% 133,799 $2.8M Add +196.2%
GOOG Alphabet Inc. Class C 0.57% 9,771 $2.8M Reduce -1.2%
LRCX Lam Research Corp. 0.52% 12,120 $2.6M Reduce -9.6%
CSCO Cisco Systems Inc. 0.49% 31,321 $2.4M Reduce -4.3%
SNOW Snowflake Inc. 0.48% 15,810 $2.4M Reduce -0.5%
MAR Marriott International Class A 0.45% 6,815 $2.2M Reduce -0.9%
USFR Wisdomtree Floating Rate Tre 0.40% 39,186 $2.0M Add +8.9%
GS Goldman Sachs Group Inc. 0.38% 2,241 $1.9M Reduce -5.3%
XLV SS Health Care Select Sector 0.38% 12,800 $1.9M Reduce -2.5%
AVGO Broadcom Inc. 0.37% 5,845 $1.8M Reduce -1.8%
ULTA Ulta Beauty Inc. 0.34% 3,215 $1.7M Reduce -0.9%
DKNG Draftkings Inc. Class A 0.33% 75,431 $1.6M Reduce -3.0%
HACK Amplify Cybersecurity ETF 0.28% 18,689 $1.4M Add +43.7%
DVN Devon Energy Corp. 0.27% 26,826 $1.3M Reduce -13.6%
VOO Vanguard S&P 500 ETF 0.27% 2,251 $1.3M Add +8.1%
V Visa Inc. Class A 0.26% 4,283 $1.3M Reduce -2.4%
PANW Palo Alto Networks Inc. 0.26% 7,879 $1.3M Add +31.8%
BCAL California Bancorp 0.22% 61,815 $1.1M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.21% 1,613 $1.0M Reduce -1.2%
VRT Vertiv Holdings Co. Class A 0.21% 4,095 $1.0M Reduce -4.1%
WMB Williams Cos Inc. 0.20% 13,286 $967K Add +1.5%
SLB SLB Ltd. filed as SLB LIMITED 0.19% 18,059 $928K New
SO The Southern Co. 0.19% 9,571 $924K Reduce -6.3%
BHP BHP Group Ltd.-Spon ADR filed as BHP BILLITON LIMITED 0.18% 12,091 $880K Reduce -2.3%
EWZ iShares MSCI Brazil ETF 0.17% 21,606 $829K Reduce -88.0%
DLTR Dollar Tree Inc. 0.16% 7,208 $789K Add +4.1%
NLR Vaneck Urani & Nuclr ETF-Usd 0.15% 5,753 $766K New
PFE Pfizer Inc. 0.15% 27,153 $762K Add +2.9%
FBT First Trust Nyse Arca Biotec 0.14% 3,376 $678K Reduce -3.5%
INDA iShares MSCI India ETF 0.13% 14,176 $664K Reduce -0.7%
TT Trane Technologies PLC 0.13% 1,514 $631K Reduce -4.2%
XLC SS Comm Select Sector SPDR 0.12% 5,415 $600K Reduce -4.8%
ESLT Elbit Systems Ltd. 0.11% 650 $552K Reduce -35.0%
CEG Constellation Energy 0.11% 1,909 $533K Add +68.9%
ABBV Abbvie Inc. 0.10% 2,384 $518K Reduce -3.0%
BE Bloom Energy Corp. Class A 0.10% 3,678 $498K Reduce -15.8%
MRK Merck & Co. Inc. 0.10% 4,120 $496K Reduce -6.8%
NEE Nextera Energy Inc. 0.10% 5,225 $485K Reduce -7.6%
WFC Wells Fargo & Co. 0.09% 5,637 $449K Add +0.1%
XLY SS Consumer Disc Select Sect 0.09% 4,024 $439K Reduce -11.0%
WMT Walmart Inc. 0.09% 3,523 $438K Reduce -5.4%
INTC Intel Corp. 0.09% 9,689 $428K Reduce -29.5%
ACWX iShares MSCI Acwi Ex US ETF 0.08% 6,077 $416K Add +5.6%
GBTC Grayscale Bitcoin Trust ETF 0.08% 7,857 $415K Reduce -3.5%
NKE Nike Inc. Class B 0.08% 7,783 $411K Reduce -87.9%
RTX RTX Corp. 0.08% 2,084 $402K Reduce -18.7%
CCJ Cameco Corp. 0.08% 3,698 $402K Reduce -0.6%
IVOO Vanguard S&P Mid-Cap 400 ETF 0.08% 3,499 $400K Add +2.2%
MDT Medtronic PLC 0.08% 4,492 $389K Add +11.8%
TSEM Tower Semiconductor Ltd. 0.08% 2,200 $386K Reduce -18.5%
VIG Vanguard Dividend Apprec ETF 0.08% 1,747 $376K Reduce -12.1%
ABT Abbott Laboratories 0.07% 3,481 $357K Reduce -1.2%
GE General Electric filed as GE AEROSPACE 0.07% 1,231 $349K No change
PG The Procter & Gamble Co. 0.07% 2,398 $346K Reduce -4.2%
NOBL Proshares S&P 500 Dividend A 0.07% 3,263 $346K Add +0.5%
RKLB Rocket Lab Corp. 0.06% 4,951 $318K Add +0.0%
QQQ Invesco QQQ Trust Series 1 0.06% 534 $308K Reduce -16.8%
XLE SS Energy Select Sector 0.06% 4,786 $293K Reduce -7.2%
APD Air Products & Chemicals Inc. 0.06% 1,000 $290K No change
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 0.06% 619 $287K Reduce -2.4%
GEV GE Vernova Inc. 0.06% 326 $285K No change
GDX Vaneck Gold Miners ETF 0.06% 3,061 $281K Reduce -18.6%
BMY Bristol-Myers Squibb Co. 0.06% 4,530 $275K Reduce -1.2%
MDY State Street SPDR S&P Midcap 0.05% 433 $267K No change
NET Cloudflare Inc. Class A 0.05% 1,238 $255K Add +0.8%
AMX America Movil Sab DE CV 0.05% 10,000 $255K No change
D Dominion Energy Inc. 0.05% 4,060 $251K New
UPS United Parcel Service Class B 0.05% 2,545 $250K New
AXP American Express Co. 0.05% 800 $242K Reduce -1.2%
PEP Pepsico Inc. 0.05% 1,535 $238K Reduce -1.2%
EPD Enterprise Products Partners 0.05% 6,180 $234K New
MA Mastercard Inc. Class A 0.05% 465 $232K No change
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.04% 161 $213K New
BP BP PLC-Spons ADR 0.04% 4,500 $212K New
IBIT iShares Bitcoin Trust ETF 0.04% 5,326 $205K Reduce -73.5%
ED Consolidated Edison Inc. 0.04% 1,800 $204K New
QCOM Qualcomm Inc. 0.04% 1,575 $203K Reduce -0.8%

Portfolio Sells Q4 2025 → Q1 2026

UBER Uber Technologies Inc. Sold out 0.00% −2.23
XLU St Sr Utl SL SE SPDR ETF-Usd Sold out 0.00% −1.61
ANET Arista Networks Inc. Sold out 0.00% −1.38
EWZ iShares MSCI Brazil ETF Reduce -88.0% 0.17% −0.94
NKE Nike Inc. Class B Reduce -87.9% 0.08% −0.71
VZ Verizon Communications Inc. Reduce -53.1% 0.82% −0.54
GAP The Gap Inc. Sold out 0.00% −0.41
GOOGL Alphabet Inc. Class A Reduce -0.3% 5.26% −0.22
SNOW Snowflake Inc. Reduce -0.5% 0.48% −0.19
DKNG Draftkings Inc. Class A Reduce -3.0% 0.33% −0.19
IBIT iShares Bitcoin Trust ETF Reduce -73.5% 0.04% −0.15
XLK SS Technology Select Sector Reduce -5.4% 1.14% −0.11
BAC Bank of America Corp. Reduce -0.4% 1.22% −0.10
VTI VG Morningstar TS MKT ETF-US Sold out 0.00% −0.08
IWM iShares Russell 2000 ETF Sold out 0.00% −0.07
JPM JPMorgan Chase & Co. Reduce -2.0% 0.82% −0.06
ADBE Adobe Inc. Sold out 0.00% −0.05
XRT SS SPDR S&P Retail ETF Sold out 0.00% −0.05
BX Blackstone Inc. Sold out 0.00% −0.05
BA The Boeing Co. Reduce -0.0% 1.05% −0.04
SYK Stryker Corp. Sold out 0.00% −0.04
SOFI Sofi Technologies Inc. Sold out 0.00% −0.04
FEZ State Street SPDR Euro Stoxx Sold out 0.00% −0.04
XLRE SS Real Estate Select Sector Sold out 0.00% −0.04
ULTA Ulta Beauty Inc. Reduce -0.9% 0.34% −0.04
HOOD Robinhood Markets Inc. Class A Sold out 0.00% −0.04
V Visa Inc. Class A Reduce -2.4% 0.26% −0.04
GOOG Alphabet Inc. Class C Reduce -1.2% 0.57% −0.03
AVGO Broadcom Inc. Reduce -1.8% 0.37% −0.03
ROK Rockwell Automation Inc. Reduce -0.2% 0.84% −0.03
GBTC Grayscale Bitcoin Trust ETF Reduce -3.5% 0.08% −0.02
GS Goldman Sachs Group Inc. Reduce -5.3% 0.38% −0.02
XLY SS Consumer Disc Select Sect Reduce -11.0% 0.09% −0.02
INDA iShares MSCI India ETF Reduce -0.7% 0.13% −0.01
QQQ Invesco QQQ Trust Series 1 Reduce -16.8% 0.06% −0.01
ABT Abbott Laboratories Reduce -1.2% 0.07% −0.01
XLV SS Health Care Select Sector Reduce -2.5% 0.38% −0.01
INTC Intel Corp. Reduce -29.5% 0.09% −0.01
QCOM Qualcomm Inc. Reduce -0.8% 0.04% −0.01
RTX RTX Corp. Reduce -18.7% 0.08% −0.01
AXP American Express Co. Reduce -1.2% 0.05% −0.01
VIG Vanguard Dividend Apprec ETF Reduce -12.1% 0.08% −0.01
XLC SS Comm Select Sector SPDR Reduce -4.8% 0.12% −0.01
GDX Vaneck Gold Miners ETF Reduce -18.6% 0.06% −0.01
ABBV Abbvie Inc. Reduce -3.0% 0.10% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.2% 0.21% −0.00
FBT First Trust Nyse Arca Biotec Reduce -3.5% 0.14% −0.00
DIA SS SPDR Dow Jones Indus Avg Reduce -2.4% 0.06% −0.00
ESLT Elbit Systems Ltd. Reduce -35.0% 0.11% 0.00
PG The Procter & Gamble Co. Reduce -4.2% 0.07% +0.00

Portfolio Buys Q4 2025 → Q1 2026

SDS Proshares Ultrashort S&P500 New 2.50% +2.50
LIN Linde PLC Add +147.1% 1.30% +0.87
PDBC Invesco Optimum Yield Divers Add +2.1% 2.05% +0.58
WRBY Warby Parker Inc. Class A Add +196.2% 0.57% +0.38
XLB SS Materials Select Sector Add +59.4% 0.65% +0.30
PICK iShares MSCI Global Metals & Add +9.8% 0.98% +0.21
SLB SLB Ltd. New 0.19% +0.19
C Citigroup Inc. Add +8.4% 1.98% +0.18
ETN Eaton Corp. PLC Add +2.5% 1.07% +0.18
SCHW Schwab (charles) Corp. Add +24.2% 0.91% +0.17
AGG iShares Core U.S. Aggregate Add +11.2% 1.17% +0.16
NLR Vaneck Urani & Nuclr ETF-Usd New 0.15% +0.15
COST Costco Wholesale Corp. Add +0.3% 0.85% +0.15
IYT iShares US Transportation Et Add +1.0% 2.19% +0.12
MCD McDonald's Corp. Add +2.2% 1.25% +0.10
HACK Amplify Cybersecurity ETF Add +43.7% 0.28% +0.08
XLI SS Industrial Select Sector Add +0.3% 0.69% +0.06
NFLX Netflix Inc. Add +1.9% 0.66% +0.06
REGN Regeneron Pharmaceuticals Add +0.4% 1.08% +0.05
META Meta Platforms Inc. Class A Add +13.0% 2.08% +0.05
D Dominion Energy Inc. New 0.05% +0.05
UPS United Parcel Service Class B New 0.05% +0.05
USFR Wisdomtree Floating Rate Tre Add +8.9% 0.40% +0.05
DYNF Ishrs US E F R A ETF-Usd Inc. Add +3.0% 1.58% +0.05
EPD Enterprise Products Partners New 0.05% +0.05
WMB Williams Cos Inc. Add +1.5% 0.20% +0.04
ASML ASML Holding NV-NY Reg SHS New 0.04% +0.04
BP BP PLC-Spons ADR New 0.04% +0.04
PANW Palo Alto Networks Inc. Add +31.8% 0.26% +0.04
ED Consolidated Edison Inc. New 0.04% +0.04
CEG Constellation Energy Add +68.9% 0.11% +0.03
PFE Pfizer Inc. Add +2.9% 0.15% +0.03
VOO Vanguard S&P 500 ETF Add +8.1% 0.27% +0.02
AMD Advanced Micro Devices Add +2.2% 0.64% +0.01
ACWX iShares MSCI Acwi Ex US ETF Add +5.6% 0.08% +0.01
IVOO Vanguard S&P Mid-Cap 400 ETF Add +2.2% 0.08% +0.01
NET Cloudflare Inc. Class A Add +0.8% 0.05% +0.00
NOBL Proshares S&P 500 Dividend A Add +0.5% 0.07% +0.00
MDT Medtronic PLC Add +11.8% 0.08% +0.00
HD Home Depot Inc. Add +0.5% 0.62% +0.00
NVDA Nvidia Corp. Add +2.3% 1.59% +0.00
PHO Invesco Water Resources ETF Add +0.6% 0.83% +0.00
RKLB Rocket Lab Corp. Add +0.0% 0.06% −0.00
DLTR Dollar Tree Inc. Add +4.1% 0.16% −0.00
WFC Wells Fargo & Co. Add +0.1% 0.09% −0.01
AMZN Amazon.com Inc. Add +5.2% 5.16% −0.03
XLF SS Financial Select Sector Add +0.5% 0.71% −0.04
BLK BlackRock Inc. Add +1.1% 1.36% −0.07
AAPL Apple Inc. Add +1.2% 8.37% −0.09
TSLA Tesla Inc. Add +3.0% 0.93% −0.11

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