Capital Counsel LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Capital Counsel LLC reported 62 stock positions worth $2.4 billion. Its top holding was Alphabet Class C (GOOG) at 12.6% of the portfolio, followed by Arista Networks (ANET, 10.3%) and Costco Wholesale (COST, 10.1%). Compared with Q4 2025, it opened 2 new positions, sold out of 1, added to 8 and reduced 23. The biggest buy was a new position in Jefferies Financial (JEF) and the biggest sale Automatic Data Processing (ADP, shares −3%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001114928
Portfolio Value
$2.4B (Q1 2026)
SEC Filing
0001114928-26-000003 ↗ filed May 15, 2026

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $2.2B Q1 2024 Q2 2024: $2.2B Q2 2024 Q3 2024: $2.3B Q3 2024 Q4 2024: $2.3B Q4 2024 Q1 2025: $2.3B Q1 2025 Q2 2025: $2.5B Q2 2025 Q3 2025: $2.6B Q3 2025 Q4 2025: $2.6B Q4 2025 Q1 2026: $2.4B $2.4B Q1 2026 Q2 2026: $2.6B Q2 2026

Holdings 62 stocks · $2.4B
GOOG Alphabet Inc. Class C 12.64% 1,036,112 $297.2M Reduce -6.6%
ANET Arista Networks Inc. 10.33% 1,976,826 $242.7M Reduce -1.5%
COST Costco Wholesale Corp. 10.11% 238,454 $237.6M Reduce -1.3%
IDXX Idexx Laboratories Inc. 10.04% 420,195 $236.1M Reduce -1.6%
CME Cme Group Inc. 10.02% 797,692 $235.6M Reduce -0.8%
V Visa Inc. Class A 9.47% 736,547 $222.6M Reduce -0.5%
MSFT Microsoft Corp. 7.74% 491,604 $182.0M Add +1.6%
MTD Mettler-Toledo International 7.48% 139,384 $175.8M Reduce -1.4%
ADP Automatic Data Processing 5.84% 675,658 $137.3M Reduce -3.0%
HD Home Depot Inc. 3.96% 283,057 $93.1M Reduce -2.5%
DCI Donaldson Co. Inc. 3.44% 952,104 $80.8M Reduce -0.7%
QCOM Qualcomm Inc. 2.85% 520,199 $67.0M Reduce -5.8%
INTC Intel Corp. 1.09% 583,083 $25.7M Reduce -0.9%
AAPL Apple Inc. 0.82% 76,217 $19.3M Add +8.7%
AMD Advanced Micro Devices 0.72% 82,797 $16.8M No change
KGC Kinross Gold Corp. 0.50% 386,892 $11.8M Add +0.3%
GILD Gilead Sciences Inc. 0.41% 68,928 $9.6M Reduce -0.4%
DHR Danaher Corp. 0.37% 45,912 $8.7M Add +0.4%
MRK Merck & Co. Inc. 0.32% 63,213 $7.6M No change
TECH Bio-Techne Corp. 0.16% 73,850 $3.9M No change
IONS Ionis Pharmaceuticals Inc. 0.16% 49,580 $3.7M Reduce -0.1%
GOOGL Alphabet Inc. Class A 0.16% 12,811 $3.7M Reduce -5.2%
HUBB Hubbell Inc. 0.14% 6,587 $3.2M No change
ADI Analog Devices Inc. 0.13% 9,349 $3.0M No change
JEF Jefferies Financial Group Inc. 0.12% 68,723 $2.8M New
PEP Pepsico Inc. 0.09% 13,470 $2.1M No change
WAB Wabtec Corp. 0.09% 8,000 $2.0M No change
SHY iShares 1-3 Year Treasury Bo 0.07% 20,450 $1.7M Add +3.3%
MA Mastercard Inc. Class A 0.06% 3,038 $1.5M Reduce -3.2%
VLTO Veralto Corp. 0.06% 14,910 $1.3M No change
WMT Walmart Inc. 0.06% 10,440 $1.3M No change
NVDA Nvidia Corp. 0.04% 5,102 $890K Add +29.1%
FTV Fortive Corp. 0.04% 15,231 $842K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.03% 1,167 $759K Reduce -12.2%
KKR KKR & Co. Inc. 0.03% 7,936 $734K No change
GLW Corning Inc. 0.03% 5,000 $680K No change
XOM Exxon Mobil Corp. 0.03% 3,987 $676K Reduce -92.0%
CHRW C.H. Robinson Worldwide Inc. 0.03% 4,000 $664K No change
BRK.B Berkshire Hathaway Inc. Class B 0.03% 1,339 $642K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.02% 2,198 $533K Add +1.4%
AMZN Amazon.com Inc. 0.02% 2,448 $510K Reduce -3.4%
EME Emcor Group Inc. 0.02% 654 $483K No change
JPM JPMorgan Chase & Co. 0.02% 1,579 $464K Add +6.6%
CAT Caterpillar Inc. 0.02% 611 $433K No change
TMO Thermo Fisher Scientific Inc. 0.02% 796 $391K Reduce -0.1%
VOO Vanguard S&P 500 ETF 0.02% 633 $378K No change
SM SM Energy Co. 0.02% 11,905 $371K No change
NSC Norfolk Southern Corp. 0.01% 1,140 $327K No change
INTU Intuit Inc. 0.01% 742 $321K Reduce -8.5%
MRNA Moderna Inc. 0.01% 6,202 $315K New
FIS Fidelity National Info Serv 0.01% 6,400 $300K No change
CTVA Corteva Inc. 0.01% 3,179 $266K No change
AVGO Broadcom Inc. 0.01% 800 $248K No change
TSM Taiwan Semiconductor-SP ADR 0.01% 699 $236K No change
AMGN Amgen Inc. 0.01% 666 $234K No change
QQQ Invesco QQQ Trust Series 1 0.01% 398 $230K Reduce -1.5%
NRGV Energy Vault Holdings Inc. 0.01% 65,625 $217K No change
VNT Vontier Corp. 0.01% 6,090 $216K No change
RAL Ralliant Corp. 0.01% 5,076 $211K No change
RSG Republic Services Inc. 0.01% 919 $201K Reduce -9.3%
FLO Flowers Foods Inc. 0.00% 11,610 $95K No change
VUZI Vuzix Corp. 0.00% 20,000 $46K No change

Portfolio Sells Q4 2025 → Q1 2026
ADP Automatic Data Processing Reduce -3.0% 5.84% −1.00
IDXX Idexx Laboratories Inc. Reduce -1.6% 10.04% −0.99
QCOM Qualcomm Inc. Reduce -5.8% 2.85% −0.76
GOOG Alphabet Inc. Class C Reduce -6.6% 12.64% −0.65
V Visa Inc. Class A Reduce -0.5% 9.47% −0.45
XOM Exxon Mobil Corp. Reduce -92.0% 0.03% −0.20
MTD Mettler-Toledo International Reduce -1.4% 7.48% −0.05
ADBE Adobe Inc. Sold out 0.00% −0.01
INTU Intuit Inc. Reduce -8.5% 0.01% −0.01
GOOGL Alphabet Inc. Class A Reduce -5.2% 0.16% −0.00
MA Mastercard Inc. Class A Reduce -3.2% 0.06% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -12.2% 0.03% −0.00
TMO Thermo Fisher Scientific Inc. Reduce -0.1% 0.02% −0.00
AMZN Amazon.com Inc. Reduce -3.4% 0.02% −0.00
QQQ Invesco QQQ Trust Series 1 Reduce -1.5% 0.01% +0.00
RSG Republic Services Inc. Reduce -9.3% 0.01% +0.00
IONS Ionis Pharmaceuticals Inc. Reduce -0.1% 0.16% +0.01
GILD Gilead Sciences Inc. Reduce -0.4% 0.41% +0.08
HD Home Depot Inc. Reduce -2.5% 3.96% +0.15
DCI Donaldson Co. Inc. Reduce -0.7% 3.44% +0.19
INTC Intel Corp. Reduce -0.9% 1.09% +0.27
ANET Arista Networks Inc. Reduce -1.5% 10.33% +0.29
CME Cme Group Inc. Reduce -0.8% 10.02% +1.64
COST Costco Wholesale Corp. Reduce -1.3% 10.11% +2.15

Portfolio Buys Q4 2025 → Q1 2026
JEF Jefferies Financial Group Inc. New 0.12% +0.12
AAPL Apple Inc. Add +8.7% 0.82% +0.09
KGC Kinross Gold Corp. Add +0.3% 0.50% +0.09
MRNA Moderna Inc. New 0.01% +0.01
NVDA Nvidia Corp. Add +29.1% 0.04% +0.01
SHY iShares 1-3 Year Treasury Bo Add +3.3% 0.07% +0.01
JPM JPMorgan Chase & Co. Add +6.6% 0.02% +0.00
IBM Intl Business Machines Corp. Add +1.4% 0.02% −0.00
DHR Danaher Corp. Add +0.4% 0.37% −0.03
MSFT Microsoft Corp. Add +1.6% 7.74% −1.20

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 58$2.6BANET, GOOG, V, IDXX, COST
Q1 2026 62$2.4BGOOG, ANET, COST, IDXX, CME
Q4 2025 61$2.6BGOOG, IDXX, ANET, V, MSFT
Q3 2025 60$2.6BANET, GOOG, IDXX, V, MSFT
Q2 2025 57$2.5BV, MSFT, COST, IDXX, GOOG
Q1 2025 56$2.3BV, COST, CME, ADP, GOOG
Q4 2024Amended 55$2.3BGOOG, V, COST, ANET, MSFT
Q3 2024 55$2.3BCOST, IDXX, MTD, GOOG, V
Q2 2024 55$2.2BGOOG, COST, MSFT, IDXX, MTD
Q1 2024 56$2.2BIDXX, V, MSFT, COST, GOOG