Capital Counsel LLC

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

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed May 13, 2025), Capital Counsel LLC reported 55 stock positions worth $2.3 billion. Its top holding was Alphabet Class C (GOOG) at 10.9% of the portfolio, followed by Visa Class A (V, 10.8%) and Costco Wholesale (COST, 10.5%). Compared with Q3 2024, it opened 1 new position, sold out of 1, added to 3 and reduced 30. The biggest buy was Donaldson (DCI, shares +489%) and the biggest sale Idexx Laboratories (IDXX, shares −3%).

Most Recent 13F: Q2 2026
Location: NEW YORK, NY
CIK: 0001114928
Portfolio Value: $2.3B (Q4 2024)
SEC Filing: 0001114928-25-000003 ↗ filed May 13, 2025

Holdings Value

Holdings 55 stocks · $2.3B


GOOG Alphabet Inc. Class C	10.86%	1,334,720	$254.2M	Reduce -1.0%
V Visa Inc. Class A	10.85%	803,173	$253.8M	Reduce -1.3%
COST Costco Wholesale Corp.	10.52%	268,761	$246.3M	Reduce -5.5%
ANET Arista Networks Inc.	10.47%	2,215,925	$244.9M	Reduce -0.4%
MSFT Microsoft Corp.	9.26%	514,153	$216.7M	Reduce -0.3%
ADP Automatic Data Processing	8.61%	688,080	$201.4M	Reduce -0.6%
CME Cme Group Inc.	8.19%	825,560	$191.7M	Reduce -0.5%
IDXX Idexx Laboratories Inc.	8.09%	457,815	$189.3M	Reduce -2.8%
MTD Mettler-Toledo International	7.98%	152,621	$186.8M	Reduce -0.3%
HD Home Depot Inc.	5.22%	314,095	$122.2M	Reduce -0.4%
QCOM Qualcomm Inc.	3.70%	563,617	$86.6M	Reduce -3.4%
DCI Donaldson Co. Inc.	1.89%	656,957	$44.2M	Add +489.2%
AAPL Apple Inc.	0.82%	76,493	$19.2M	Reduce -1.4%
INTC Intel Corp.	0.52%	606,562	$12.2M	Reduce -0.5%
DHR Danaher Corp.	0.45%	45,520	$10.4M	Reduce -0.4%
AMD Advanced Micro Devices	0.43%	82,722	$10.0M	No change
GILD Gilead Sciences Inc.	0.27%	68,152	$6.3M	Reduce -1.7%
MRK Merck & Co. Inc.	0.26%	62,181	$6.2M	Reduce -0.0%
XOM Exxon Mobil Corp.	0.23%	49,272	$5.3M	No change
GOOGL Alphabet Inc. Class A	0.12%	14,964	$2.8M	Reduce -11.3%
HUBB Hubbell Inc.	0.12%	6,587	$2.8M	No change
ADI Analog Devices Inc.	0.11%	12,349	$2.6M	Reduce -0.9%
BRK.B Berkshire Hathaway Inc. Class B	0.10%	5,272	$2.4M	Add +0.6%
KGC Kinross Gold Corp.	0.09%	230,782	$2.1M	Reduce -5.5%
MA Mastercard Inc. Class A	0.09%	4,041	$2.1M	Reduce -8.6%
PEP Pepsico Inc.	0.09%	13,470	$2.0M	Reduce -0.6%
WAB Wabtec Corp.	0.07%	8,050	$1.5M	Reduce -0.6%
VLTO Veralto Corp.	0.07%	14,950	$1.5M	Reduce -0.1%
IONS Ionis Pharmaceuticals Inc.	0.06%	37,080	$1.3M	No change
FTV Fortive Corp.	0.05%	15,231	$1.1M	No change
SPY SS SPDR S&P 500 ETF Trust-US	0.04%	1,788	$1.0M	Add +21.3%
WMT Walmart Inc.	0.04%	10,082	$911K	Reduce -1.7%
AMZN Amazon.com Inc.	0.03%	3,628	$796K	Reduce -5.2%
TMO Thermo Fisher Scientific Inc.	0.03%	1,177	$612K	No change
FIS Fidelity National Info Serv	0.02%	6,475	$523K	No change
SHY iShares 1-3 Year Treasury Bo	0.02%	5,975	$490K	New
SM SM Energy Co.	0.02%	11,905	$461K	No change
VOO Vanguard S&P 500 ETF	0.02%	823	$443K	Reduce -32.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.02%	1,900	$418K	Reduce -1.1%
NVDA Nvidia Corp.	0.02%	3,085	$414K	No change
CHRW C.H. Robinson Worldwide Inc.	0.02%	4,000	$413K	No change
JPM JPMorgan Chase & Co.	0.02%	1,560	$374K	Reduce -3.1%
MRNA Moderna Inc.	0.02%	8,740	$363K	Reduce -3.6%
ADBE Adobe Inc.	0.01%	758	$337K	No change
NSC Norfolk Southern Corp.	0.01%	1,215	$285K	Reduce -3.2%
EME Emcor Group Inc.	0.01%	621	$282K	No change
FLO Flowers Foods Inc.	0.01%	11,610	$240K	No change
GLW Corning Inc.	0.01%	5,000	$238K	No change
LLY Eli Lilly & Co.	0.01%	292	$225K	No change
VNT Vontier Corp.	0.01%	6,090	$222K	No change
CAT Caterpillar Inc.	0.01%	611	$222K	No change
NVO Novo-Nordisk A/S-Spons ADR	0.01%	2,541	$219K	No change
RSG Republic Services Inc.	0.01%	1,069	$215K	No change
NRGV Energy Vault Holdings Inc.	0.01%	71,725	$164K	No change
VUZI Vuzix Corp.	0.00%	20,000	$79K	No change

Portfolio Sells Q3 2024 → Q4 2024


IDXX Idexx Laboratories Inc.	Reduce -2.8%	8.09%	−2.15
MTD Mettler-Toledo International	Reduce -0.3%	7.98%	−1.89
QCOM Qualcomm Inc.	Reduce -3.4%	3.70%	−0.57
COST Costco Wholesale Corp.	Reduce -5.5%	10.52%	−0.32
MSFT Microsoft Corp.	Reduce -0.3%	9.26%	−0.28
HD Home Depot Inc.	Reduce -0.4%	5.22%	−0.27
DHR Danaher Corp.	Reduce -0.4%	0.45%	−0.10
INTC Intel Corp.	Reduce -0.5%	0.52%	−0.10
MRK Merck & Co. Inc.	Reduce -0.0%	0.26%	−0.04
PEP Pepsico Inc.	Reduce -0.6%	0.09%	−0.01
ADI Analog Devices Inc.	Reduce -0.9%	0.11%	−0.01
MRNA Moderna Inc.	Reduce -3.6%	0.02%	−0.01
AMGN Amgen Inc.	Sold out	0.00%	−0.01
VOO Vanguard S&P 500 ETF	Reduce -32.1%	0.02%	−0.01
VLTO Veralto Corp.	Reduce -0.1%	0.07%	−0.01
KGC Kinross Gold Corp.	Reduce -5.5%	0.09%	−0.01
MA Mastercard Inc. Class A	Reduce -8.6%	0.09%	−0.00
NSC Norfolk Southern Corp.	Reduce -3.2%	0.01%	−0.00
IBM Intl Business Machines Corp.	Reduce -1.1%	0.02%	−0.00
GOOGL Alphabet Inc. Class A	Reduce -11.3%	0.12%	+0.00
JPM JPMorgan Chase & Co.	Reduce -3.1%	0.02%	+0.00
WAB Wabtec Corp.	Reduce -0.6%	0.07%	+0.00
AMZN Amazon.com Inc.	Reduce -5.2%	0.03%	+0.00
WMT Walmart Inc.	Reduce -1.7%	0.04%	+0.00
GILD Gilead Sciences Inc.	Reduce -1.7%	0.27%	+0.02
AAPL Apple Inc.	Reduce -1.4%	0.82%	+0.04
CME Cme Group Inc.	Reduce -0.5%	8.19%	+0.32
ADP Automatic Data Processing	Reduce -0.6%	8.61%	+0.36
GOOG Alphabet Inc. Class C	Reduce -1.0%	10.86%	+1.17
V Visa Inc. Class A	Reduce -1.3%	10.85%	+1.22
ANET Arista Networks Inc.	Reduce -0.4%	10.47%	+1.28

Portfolio Buys Q3 2024 → Q4 2024


DCI Donaldson Co. Inc.	Add +489.2%	1.89%	+1.54
SHY iShares 1-3 Year Treasury Bo	New	0.02%	+0.02
SPY SS SPDR S&P 500 ETF Trust-US	Add +21.3%	0.04%	+0.01
BRK.B Berkshire Hathaway Inc. Class B	Add +0.6%	0.10%	−0.00

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	58	$2.6B	ANET, GOOG, V, IDXX, COST
Q1 2026	62	$2.4B	GOOG, ANET, COST, IDXX, CME
Q4 2025	61	$2.6B	GOOG, IDXX, ANET, V, MSFT
Q3 2025	60	$2.6B	ANET, GOOG, IDXX, V, MSFT
Q2 2025	57	$2.5B	V, MSFT, COST, IDXX, GOOG
Q1 2025	56	$2.3B	V, COST, CME, ADP, GOOG
Q4 2024Amended	55	$2.3B	GOOG, V, COST, ANET, MSFT
Q3 2024	55	$2.3B	COST, IDXX, MTD, GOOG, V
Q2 2024	55	$2.2B	GOOG, COST, MSFT, IDXX, MTD
Q1 2024	56	$2.2B	IDXX, V, MSFT, COST, GOOG