Capital Counsel LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Capital Counsel LLC reported 56 stock positions worth $2.3 billion. Its top holding was Visa Class A (V) at 12.0% of the portfolio, followed by Costco Wholesale (COST, 10.8%) and Cme (CME, 9.6%). Compared with Q4 2024, it opened 3 new positions, sold out of 2, added to 13 and reduced 22. The biggest buy was Donaldson (DCI, shares +51%) and the biggest sale Alphabet Class C (GOOG, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001114928
- Portfolio Value
- $2.3B (Q1 2025)
- SEC Filing
- 0001114928-25-000004 ↗ filed May 14, 2025
Holdings Value
Holdings 56 stocks · $2.3B
| V Visa Inc. Class A | 12.02% | 774,068 | $271.3M | Reduce -3.6% |
| COST Costco Wholesale Corp. | 10.79% | 257,469 | $243.5M | Reduce -4.2% |
| CME Cme Group Inc. | 9.64% | 819,948 | $217.5M | Reduce -0.7% |
| ADP Automatic Data Processing | 9.25% | 683,212 | $208.7M | Reduce -0.7% |
| GOOG Alphabet Inc. Class C | 9.13% | 1,318,393 | $206.0M | Reduce -1.2% |
| IDXX Idexx Laboratories Inc. | 8.69% | 467,009 | $196.1M | Add +2.0% |
| MSFT Microsoft Corp. | 8.55% | 514,371 | $193.1M | Add +0.0% |
| MTD Mettler-Toledo International | 7.90% | 150,959 | $178.3M | Reduce -1.1% |
| ANET Arista Networks Inc. | 7.64% | 2,226,011 | $172.5M | Add +0.5% |
| HD Home Depot Inc. | 5.03% | 310,089 | $113.6M | Reduce -1.3% |
| QCOM Qualcomm Inc. | 4.01% | 589,507 | $90.6M | Add +4.6% |
| DCI Donaldson Co. Inc. | 2.95% | 992,071 | $66.5M | Add +51.0% |
| AAPL Apple Inc. | 0.73% | 74,086 | $16.5M | Reduce -3.1% |
| INTC Intel Corp. | 0.60% | 596,976 | $13.6M | Reduce -1.6% |
| DHR Danaher Corp. | 0.41% | 45,385 | $9.3M | Reduce -0.3% |
| AMD Advanced Micro Devices | 0.38% | 82,797 | $8.5M | Add +0.1% |
| GILD Gilead Sciences Inc. | 0.34% | 68,152 | $7.6M | No change |
| XOM Exxon Mobil Corp. | 0.26% | 49,227 | $5.9M | Reduce -0.1% |
| MRK Merck & Co. Inc. | 0.25% | 62,108 | $5.6M | Reduce -0.1% |
| KGC Kinross Gold Corp. | 0.13% | 230,782 | $2.9M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.12% | 5,172 | $2.8M | Reduce -1.9% |
| ADI Analog Devices Inc. | 0.11% | 12,349 | $2.5M | No change |
| GOOGL Alphabet Inc. Class A | 0.10% | 15,003 | $2.3M | Add +0.3% |
| HUBB Hubbell Inc. | 0.10% | 6,587 | $2.2M | No change |
| PEP Pepsico Inc. | 0.09% | 13,470 | $2.0M | No change |
| MA Mastercard Inc. Class A | 0.08% | 3,356 | $1.8M | Reduce -16.9% |
| VLTO Veralto Corp. | 0.06% | 14,895 | $1.5M | Reduce -0.4% |
| WAB Wabtec Corp. | 0.06% | 8,000 | $1.5M | Reduce -0.6% |
| KKR KKR & Co. Inc. | 0.05% | 10,239 | $1.2M | New |
| IONS Ionis Pharmaceuticals Inc. | 0.05% | 37,080 | $1.1M | No change |
| FTV Fortive Corp. | 0.05% | 15,231 | $1.1M | No change |
| WMT Walmart Inc. | 0.04% | 11,422 | $1.0M | Add +13.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.04% | 1,658 | $927K | Reduce -7.3% |
| SHY iShares 1-3 Year Treasury Bo | 0.04% | 10,175 | $842K | Add +70.3% |
| AMZN Amazon.com Inc. | 0.03% | 3,844 | $731K | Add +6.0% |
| TMO Thermo Fisher Scientific Inc. | 0.02% | 1,127 | $561K | Reduce -4.3% |
| JPM JPMorgan Chase & Co. | 0.02% | 2,109 | $517K | Add +35.2% |
| FIS Fidelity National Info Serv | 0.02% | 6,475 | $484K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.02% | 1,900 | $472K | No change |
| NVDA Nvidia Corp. | 0.02% | 4,005 | $434K | Add +29.8% |
| CHRW C.H. Robinson Worldwide Inc. | 0.02% | 4,000 | $410K | No change |
| LLY Eli Lilly & Co. | 0.02% | 462 | $382K | Add +58.2% |
| SM SM Energy Co. | 0.02% | 11,905 | $357K | No change |
| NSC Norfolk Southern Corp. | 0.01% | 1,215 | $288K | No change |
| ADBE Adobe Inc. | 0.01% | 734 | $282K | Reduce -3.2% |
| VOO Vanguard S&P 500 ETF | 0.01% | 523 | $269K | Reduce -36.5% |
| MRNA Moderna Inc. | 0.01% | 8,727 | $247K | Reduce -0.1% |
| RSG Republic Services Inc. | 0.01% | 1,013 | $245K | Reduce -5.2% |
| GLW Corning Inc. | 0.01% | 5,000 | $229K | No change |
| FLO Flowers Foods Inc. | 0.01% | 11,610 | $221K | No change |
| AMGN Amgen Inc. | 0.01% | 686 | $214K | New |
| CAT Caterpillar Inc. | 0.01% | 611 | $202K | No change |
| VNT Vontier Corp. | 0.01% | 6,090 | $200K | No change |
| CTVA Corteva Inc. | 0.01% | 3,179 | $200K | New |
| NRGV Energy Vault Holdings Inc. | 0.00% | 71,725 | $50K | No change |
| VUZI Vuzix Corp. | 0.00% | 20,000 | $41K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| GOOG Alphabet Inc. Class C | Reduce -1.2% | 9.13% | −1.74 |
| HD Home Depot Inc. | Reduce -1.3% | 5.03% | −0.19 |
| AAPL Apple Inc. | Reduce -3.1% | 0.73% | −0.09 |
| MTD Mettler-Toledo International | Reduce -1.1% | 7.90% | −0.08 |
| DHR Danaher Corp. | Reduce -0.3% | 0.41% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -0.1% | 0.25% | −0.02 |
| EME Emcor Group Inc. | Sold out | 0.00% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -16.9% | 0.08% | −0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -36.5% | 0.01% | −0.01 |
| MRNA Moderna Inc. | Reduce -0.1% | 0.01% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -7.3% | 0.04% | −0.00 |
| ADBE Adobe Inc. | Reduce -3.2% | 0.01% | −0.00 |
| TMO Thermo Fisher Scientific Inc. | Reduce -4.3% | 0.02% | −0.00 |
| WAB Wabtec Corp. | Reduce -0.6% | 0.06% | −0.00 |
| VLTO Veralto Corp. | Reduce -0.4% | 0.06% | −0.00 |
| RSG Republic Services Inc. | Reduce -5.2% | 0.01% | +0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.9% | 0.12% | +0.02 |
| XOM Exxon Mobil Corp. | Reduce -0.1% | 0.26% | +0.03 |
| INTC Intel Corp. | Reduce -1.6% | 0.60% | +0.08 |
| COST Costco Wholesale Corp. | Reduce -4.2% | 10.79% | +0.26 |
| ADP Automatic Data Processing | Reduce -0.7% | 9.25% | +0.64 |
| V Visa Inc. Class A | Reduce -3.6% | 12.02% | +1.17 |
| CME Cme Group Inc. | Reduce -0.7% | 9.64% | +1.44 |
Portfolio Buys Q4 2024 → Q1 2025
| DCI Donaldson Co. Inc. | Add +51.0% | 2.95% | +1.06 |
| IDXX Idexx Laboratories Inc. | Add +2.0% | 8.69% | +0.60 |
| QCOM Qualcomm Inc. | Add +4.6% | 4.01% | +0.31 |
| KKR KKR & Co. Inc. | New | 0.05% | +0.05 |
| SHY iShares 1-3 Year Treasury Bo | Add +70.3% | 0.04% | +0.02 |
| AMGN Amgen Inc. | New | 0.01% | +0.01 |
| CTVA Corteva Inc. | New | 0.01% | +0.01 |
| LLY Eli Lilly & Co. | Add +58.2% | 0.02% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +35.2% | 0.02% | +0.01 |
| WMT Walmart Inc. | Add +13.3% | 0.04% | +0.01 |
| NVDA Nvidia Corp. | Add +29.8% | 0.02% | +0.00 |
| AMZN Amazon.com Inc. | Add +6.0% | 0.03% | −0.00 |
| GOOGL Alphabet Inc. Class A | Add +0.3% | 0.10% | −0.02 |
| AMD Advanced Micro Devices | Add +0.1% | 0.38% | −0.05 |
| MSFT Microsoft Corp. | Add +0.0% | 8.55% | −0.71 |
| ANET Arista Networks Inc. | Add +0.5% | 7.64% | −2.83 |
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 |