Capital Investment Counsel, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Capital Investment Counsel, LLC reported 125 stock positions worth $577.7 million. Its top holding was Broadcom (AVGO) at 3.1% of the portfolio, followed by Apple (AAPL, 3.0%) and Microsoft (MSFT, 2.9%). Compared with Q2 2024, it opened 6 new positions, sold out of 11, added to 74 and reduced 36. The biggest buy was Invesco Bulletshares 2029 CB (BSCT, shares +190%) and the biggest sale Schwab US Small-Cap ETF (SCHA, shares −95%).

Most Recent 13F
Q2 2026
Location
DENVER, CO
CIK
0002033609
Portfolio Value
$577.7M (Q3 2024)
SEC Filing
0001221073-24-000100 ↗ filed Nov 12, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $466.5M Q1 2024 Q2 2024: $509.7M Q2 2024 Q3 2024: $577.7M $577.7M Q3 2024 Q4 2024: $599.1M Q4 2024 Q1 2025: $604.3M Q1 2025 Q2 2025: $644.6M Q2 2025 Q3 2025: $679.2M Q3 2025 Q4 2025: $719.9M Q4 2025 Q1 2026: $729.8M Q1 2026 Q2 2026: $807.6M Q2 2026

Holdings 125 stocks · $577.7M
AVGO Broadcom Inc. 3.12% 104,587 $18.0M Reduce -3.8%
AAPL Apple Inc. 2.97% 73,567 $17.1M Add +1.7%
MSFT Microsoft Corp. 2.86% 38,334 $16.5M Add +0.6%
BSCV Invesco Bulletshares 2031 CB 2.32% 805,406 $13.4M Add +166.0%
BSCT Invesco Bulletshares 2029 CB 2.24% 686,832 $12.9M Add +189.8%
COST Costco Wholesale Corp. 2.20% 14,365 $12.7M Add +1.8%
IJH iShares Core S&P Midcap ETF 2.20% 203,804 $12.7M Add +1.8%
TAP Molson Coors Beverage Co. Class B 2.14% 214,793 $12.4M No change
ARES Ares Management Corp. Class A 1.90% 70,572 $11.0M Add +1.2%
CVX Chevron Corp. 1.90% 74,508 $11.0M Add +4.5%
GOOGL Alphabet Inc. Class A 1.89% 65,763 $10.9M Add +2.9%
TRI Thomson Reuters Corp. 1.83% 61,922 $10.6M Reduce -0.9%
SOXX iShares Semiconductor ETF 1.82% 45,508 $10.5M Reduce -0.1%
ABBV Abbvie Inc. 1.79% 52,471 $10.4M Add +1.7%
QQQ Invesco QQQ Trust Series 1 1.72% 20,325 $9.9M Add +6.7%
PWB Invesco Large Cap Growth ETF 1.69% 99,106 $9.8M Add +1.9%
NOC Northrop Grumman Corp. 1.58% 17,332 $9.2M Add +0.8%
CAT Caterpillar Inc. 1.56% 22,984 $9.0M Add +1.2%
SCHF Schwab Intl Equity ETF 1.53% 215,427 $8.9M Reduce -1.7%
DHI D.R. Horton Inc. 1.48% 44,896 $8.6M Add +2.3%
WMT Walmart Inc. 1.43% 102,650 $8.3M Reduce -0.2%
UNH Unitedhealth Group Inc. 1.43% 14,151 $8.3M Add +7.4%
JPM JPMorgan Chase & Co. 1.37% 37,417 $7.9M Add +1.8%
PEY Invesco High Yield Equity Di 1.35% 356,629 $7.8M Add +2.1%
LAMR Lamar Advertising Co. Class A 1.34% 58,038 $7.8M Add +2.0%
SDVY First Trust Smid Cap Rising 1.33% 211,513 $7.7M New
AMZN Amazon.com Inc. 1.32% 41,037 $7.6M Add +4.7%
DLR Digital Realty Trust Inc. 1.30% 46,374 $7.5M Add +1.8%
XOM Exxon Mobil Corp. 1.26% 62,090 $7.3M Add +3.8%
IQLT iShares MSCI International Q 1.25% 174,053 $7.2M Add +13.9%
HD Home Depot Inc. 1.25% 17,802 $7.2M Add +3.3%
DGRO iShares Core Dividend Growth 1.24% 113,870 $7.1M Add +3.6%
HYDB iShares High Yield Systemati 1.19% 142,724 $6.9M Add +217.2%
ROP Roper Technologies Inc. 1.19% 12,314 $6.9M Add +7.1%
GIS General Mills Inc. 1.17% 91,473 $6.8M Add +3.4%
DE Deere & Co. 1.15% 15,945 $6.7M Add +4.2%
IGSB iShares 1-5Y Inv Grade Corp. 1.15% 126,057 $6.6M Reduce -21.3%
DON Wisdomtree US Midcap Dividen 1.14% 129,181 $6.6M Add +3.4%
SO The Southern Co. 1.14% 73,101 $6.6M Add +0.0%
MA Mastercard Inc. Class A 1.12% 13,144 $6.5M Add +4.8%
FTSL First Trust Senior Loan ETF 1.12% 140,405 $6.4M Add +593.0%
UNP Union Pacific Corp. 1.10% 25,870 $6.4M Add +0.5%
VPL Vanguard Ftse Pacific ETF 1.10% 81,233 $6.4M Add +2.6%
MRK Merck & Co. Inc. 1.07% 54,650 $6.2M Add +2.8%
ACN Accenture PLC Class A 1.07% 17,516 $6.2M Add +8.7%
TXN Texas Instruments Inc. 1.06% 29,603 $6.1M Add +0.8%
PEG Public Service Enterprise GP 1.05% 67,948 $6.1M Add +46.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.05% 27,391 $6.1M Add +11.7%
VTI VG Morningstar TS MKT ETF-US 1.03% 21,035 $6.0M Add +26.0%
AMGN Amgen Inc. 1.01% 18,187 $5.9M Add +3.5%
PEP Pepsico Inc. 1.00% 34,082 $5.8M Add +3.1%
ORLY O'reilly Automotive Inc. 0.96% 4,801 $5.5M Add +4.9%
SPGI S&P Global Inc. 0.95% 10,572 $5.5M Add +1.7%
WAT Waters Corp. 0.94% 15,088 $5.4M Add +3.4%
ING ING Groep N.V.-Sponsored ADR 0.92% 291,504 $5.3M Add +23.3%
EMR Emerson Electric Co. 0.91% 48,271 $5.3M Add +4.8%
EOG EOG Resources Inc. 0.91% 42,678 $5.2M Add +9.3%
UL Unilever PLC 0.87% 77,563 $5.0M Reduce -1.4%
PAYX Paychex Inc. 0.85% 36,503 $4.9M Reduce -1.8%
SDOG Alps Sector Dividend Dogs 0.85% 82,823 $4.9M Reduce -8.5%
FNF Fidelity National Financial 0.82% 76,793 $4.8M Add +0.7%
GILD Gilead Sciences Inc. 0.81% 56,071 $4.7M Add +3.2%
SNY Sanofi-ADR 0.66% 66,487 $3.8M Add +5.5%
XLK SS Technology Select Sector 0.65% 16,608 $3.7M Add +28.8%
GOVT iShares US Treasury Bond ETF 0.64% 158,598 $3.7M Reduce -17.4%
BRK.B Berkshire Hathaway Inc. Class B 0.63% 7,952 $3.7M Add +0.5%
OEF iShares S&P 100 ETF 0.62% 12,949 $3.6M Add +252.8%
VGSH Vanguard Short-Term Treasury 0.59% 58,127 $3.4M Reduce -7.2%
IEFA iShares Core MSCI Eafe ETF 0.55% 40,953 $3.2M Add +16.9%
SCHD Schwab US DVD Equity ETF 0.53% 36,135 $3.1M Reduce -6.5%
LLY Eli Lilly & Co. 0.45% 2,936 $2.6M Add +0.8%
IWP iShares Russell Mid-Cap Grow 0.41% 20,224 $2.4M Add +67.8%
IEI iShares 3-7 Year Treasury Bo 0.41% 19,702 $2.4M Reduce -8.5%
ETN Eaton Corp. PLC 0.38% 6,579 $2.2M Add +0.3%
LMT Lockheed Martin Corp. 0.37% 3,685 $2.2M Add +4.4%
IVV iShares Core S&P 500 ETF 0.37% 3,718 $2.1M Reduce -30.6%
SPMB SS SPDR P Mort Back Bond ETF 0.31% 80,647 $1.8M Reduce -48.4%
XLI SS Industrial Select Sector 0.28% 11,967 $1.6M Add +30.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.27% 2,751 $1.6M No change
XLF SS Financial Select Sector 0.27% 34,690 $1.6M Add +27.8%
IGIB iShares 5-10Y Inv Grade Corp. 0.22% 24,110 $1.3M Add +61.8%
FTSM First Trust Enh Short Mat FD 0.22% 20,754 $1.2M Reduce -45.2%
SUSA iShares ESG Optimized MSCI U 0.20% 9,560 $1.2M No change
VOO Vanguard S&P 500 ETF 0.20% 2,178 $1.1M Reduce -52.2%
NVDA Nvidia Corp. 0.20% 9,307 $1.1M Add +8.4%
XLY SS Consumer Disc Select Sect 0.18% 5,110 $1.0M Add +9.0%
FDN First Trust DJ Internet Ind 0.17% 4,670 $989K No change
XLC SS Comm Select Sector SPDR 0.17% 10,566 $955K Add +22.9%
LMBS First Trust Low Duration Opp 0.16% 19,014 $939K Reduce -42.1%
WM Waste Management Inc. 0.16% 4,384 $910K No change
EPI Wisdomtree India Earnings 0.14% 16,054 $810K New
XLE SS Energy Select Sector 0.14% 9,039 $794K Add +31.3%
XLV SS Health Care Select Sector 0.13% 4,785 $737K Add +23.9%
GOOG Alphabet Inc. Class C 0.12% 4,073 $681K Add +1.8%
SCHX Schwab US Large-Cap ETF 0.11% 9,261 $628K Reduce -25.4%
ABT Abbott Laboratories 0.11% 5,403 $616K Reduce -74.5%
IVW iShares S&P 500 Growth ETF 0.10% 5,815 $557K Reduce -9.3%
BSV Vanguard Short-Term Bond ETF 0.09% 6,865 $540K Reduce -63.4%
PG The Procter & Gamble Co. 0.09% 3,038 $526K Add +1.2%
AFL Aflac Inc. 0.09% 4,651 $520K Reduce -1.3%
SCHA Schwab US Small-Cap ETF 0.08% 8,952 $461K Reduce -95.2%
V Visa Inc. Class A 0.07% 1,539 $423K Add +4.2%
PGR Progressive Corp. 0.07% 1,571 $399K Add +3.2%
DES Wisdomtree US Smallcap Divid 0.07% 11,512 $397K Reduce -26.1%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.06% 7,870 $371K Reduce -63.9%
SHM SS SPDR N Ice St Muni ETF 0.06% 7,563 $364K Reduce -7.3%
ITB iShares U.S. Home Constructi 0.06% 2,835 $360K New
XLB SS Materials Select Sector 0.06% 3,389 $327K Add +19.9%
META Meta Platforms Inc. Class A 0.06% 559 $320K Add +17.2%
FNDX Schwab Fndmntl US LRG Co. ETF 0.05% 4,339 $311K New
XLU St Sr Utl SL SE SPDR ETF-Usd 0.05% 3,744 $302K New
INTU Intuit Inc. 0.05% 480 $298K No change
DVY iShares Select Dividend ETF 0.05% 2,195 $296K Reduce -0.1%
HCA HCA Healthcare Inc. 0.05% 728 $296K No change
BSMV Invesco Bulletshares 2031 MB 0.05% 12,671 $270K Reduce -50.2%
IWF iShares Russell 1000 Growth 0.04% 669 $251K No change
MBB iShares MBS ETF 0.04% 2,606 $250K Reduce -61.3%
DBEF Xtrackers MSCI Eafe Hedged E 0.04% 5,748 $242K Reduce -44.0%
VTV Vanguard Mrngstr Val ETF-Aui 0.04% 1,275 $223K Reduce -46.9%
IJR iShares Core S&P Small-Cap E 0.04% 1,836 $215K Reduce -46.7%
BIV Vanguard Intermediate-Term B 0.04% 2,718 $213K Reduce -68.7%
VNQ Vanguard Real Estate ETF 0.04% 2,178 $212K Reduce -29.4%
JNJ Johnson & Johnson 0.04% 1,262 $205K New
VUG Vanguard Mrngstar GR ETF-Sui 0.04% 531 $204K Reduce -43.5%
VTN Invesco TR for Invest GRD NY 0.03% 16,000 $184K No change

Portfolio Sells Q2 2024 → Q3 2024
SCHA Schwab US Small-Cap ETF Reduce -95.2% 0.08% −1.67
IGSB iShares 1-5Y Inv Grade Corp. Reduce -21.3% 1.15% −0.46
SOXX iShares Semiconductor ETF Reduce -0.1% 1.82% −0.39
SPMB SS SPDR P Mort Back Bond ETF Reduce -48.4% 0.31% −0.35
ABT Abbott Laboratories Reduce -74.5% 0.11% −0.33
AVGO Broadcom Inc. Reduce -3.8% 3.12% −0.30
VOO Vanguard S&P 500 ETF Reduce -52.2% 0.20% −0.25
TRI Thomson Reuters Corp. Reduce -0.9% 1.83% −0.24
FTSM First Trust Enh Short Mat FD Reduce -45.2% 0.22% −0.23
GOVT iShares US Treasury Bond ETF Reduce -17.4% 0.64% −0.21
IVV iShares Core S&P 500 ETF Reduce -30.6% 0.37% −0.20
BSV Vanguard Short-Term Bond ETF Reduce -63.4% 0.09% −0.19
LMBS First Trust Low Duration Opp Reduce -42.1% 0.16% −0.15
IUSB Ishr CR Unvrse Usd BD ETF-Ui Reduce -63.9% 0.06% −0.13
VGSH Vanguard Short-Term Treasury Reduce -7.2% 0.59% −0.12
SCHF Schwab Intl Equity ETF Reduce -1.7% 1.53% −0.12
ESGE iShares Inc. iShares ESG Awar Sold out 0.00% −0.10
SDOG Alps Sector Dividend Dogs Reduce -8.5% 0.85% −0.09
BIV Vanguard Intermediate-Term B Reduce -68.7% 0.04% −0.09
IEI iShares 3-7 Year Treasury Bo Reduce -8.5% 0.41% −0.08
MBB iShares MBS ETF Reduce -61.3% 0.04% −0.08
FNDC Schwab Fndmnt Intl SM Eq ETF Sold out 0.00% −0.07
IEMG iShares Core MSCI Emerging Sold out 0.00% −0.06
JNK SS SPDR BB High Yield Bond Sold out 0.00% −0.06
TFLO iShares Treasury Floating Ra Sold out 0.00% −0.06
SCHD Schwab US DVD Equity ETF Reduce -6.5% 0.53% −0.06
SPEM State Street SP PTF Em ETF Sold out 0.00% −0.06
BSMV Invesco Bulletshares 2031 MB Reduce -50.2% 0.05% −0.06
HEFA Isha Curr Hedged MSCI Eafe Sold out 0.00% −0.06
DIS The Walt Disney Co. Sold out 0.00% −0.05
SCHX Schwab US Large-Cap ETF Reduce -25.4% 0.11% −0.05
QUAL iShares MSCI USA Quality Fac Sold out 0.00% −0.05
TLT iShares 20+ Year Treasury BD Sold out 0.00% −0.04
DBEF Xtrackers MSCI Eafe Hedged E Reduce -44.0% 0.04% −0.04
ADBE Adobe Inc. Sold out 0.00% −0.04
VTV Vanguard Mrngstr Val ETF-Aui Reduce -46.9% 0.04% −0.04
IJR iShares Core S&P Small-Cap E Reduce -46.7% 0.04% −0.03
VUG Vanguard Mrngstar GR ETF-Sui Reduce -43.5% 0.04% −0.03
DES Wisdomtree US Smallcap Divid Reduce -26.1% 0.07% −0.03
IVW iShares S&P 500 Growth ETF Reduce -9.3% 0.10% −0.02
PAYX Paychex Inc. Reduce -1.8% 0.85% −0.02
VNQ Vanguard Real Estate ETF Reduce -29.4% 0.04% −0.01
SHM SS SPDR N Ice St Muni ETF Reduce -7.3% 0.06% −0.01
DVY iShares Select Dividend ETF Reduce -0.1% 0.05% −0.00
AFL Aflac Inc. Reduce -1.3% 0.09% +0.01
UL Unilever PLC Reduce -1.4% 0.87% +0.02
WMT Walmart Inc. Reduce -0.2% 1.43% +0.07

Portfolio Buys Q2 2024 → Q3 2024
BSCT Invesco Bulletshares 2029 CB Add +189.8% 2.24% +1.39
BSCV Invesco Bulletshares 2031 CB Add +166.0% 2.32% +1.38
SDVY First Trust Smid Cap Rising New 1.33% +1.33
FTSL First Trust Senior Loan ETF Add +593.0% 1.12% +0.93
HYDB iShares High Yield Systemati Add +217.2% 1.19% +0.78
OEF iShares S&P 100 ETF Add +252.8% 0.62% +0.43
PEG Public Service Enterprise GP Add +46.6% 1.05% +0.38
DHI D.R. Horton Inc. Add +2.3% 1.48% +0.27
IBM Intl Business Machines Corp. Add +11.7% 1.05% +0.22
VTI VG Morningstar TS MKT ETF-US Add +26.0% 1.03% +0.15
IWP iShares Russell Mid-Cap Grow Add +67.8% 0.41% +0.15
EPI Wisdomtree India Earnings New 0.14% +0.14
ING ING Groep N.V.-Sponsored ADR Add +23.3% 0.92% +0.12
UNH Unitedhealth Group Inc. Add +7.4% 1.43% +0.12
NOC Northrop Grumman Corp. Add +0.8% 1.58% +0.11
ACN Accenture PLC Class A Add +8.7% 1.07% +0.11
WAT Waters Corp. Add +3.4% 0.94% +0.11
FNF Fidelity National Financial Add +0.7% 0.82% +0.09
HD Home Depot Inc. Add +3.3% 1.25% +0.08
GILD Gilead Sciences Inc. Add +3.2% 0.81% +0.08
ARES Ares Management Corp. Class A Add +1.2% 1.90% +0.08
IQLT iShares MSCI International Q Add +13.9% 1.25% +0.08
XLK SS Technology Select Sector Add +28.8% 0.65% +0.08
IGIB iShares 5-10Y Inv Grade Corp. Add +61.8% 0.22% +0.07
CAT Caterpillar Inc. Add +1.2% 1.56% +0.07
GIS General Mills Inc. Add +3.4% 1.17% +0.07
SNY Sanofi-ADR Add +5.5% 0.66% +0.06
ITB iShares U.S. Home Constructi New 0.06% +0.06
XLI SS Industrial Select Sector Add +30.3% 0.28% +0.06
ABBV Abbvie Inc. Add +1.7% 1.79% +0.06
IEFA iShares Core MSCI Eafe ETF Add +16.9% 0.55% +0.05
FNDX Schwab Fndmntl US LRG Co. ETF New 0.05% +0.05
XLF SS Financial Select Sector Add +27.8% 0.27% +0.05
XLU St Sr Utl SL SE SPDR ETF-Usd New 0.05% +0.05
LMT Lockheed Martin Corp. Add +4.4% 0.37% +0.05
MA Mastercard Inc. Class A Add +4.8% 1.12% +0.04
SPGI S&P Global Inc. Add +1.7% 0.95% +0.04
JNJ Johnson & Johnson New 0.04% +0.04
DE Deere & Co. Add +4.2% 1.15% +0.03
SO The Southern Co. Add +0.0% 1.14% +0.03
XLC SS Comm Select Sector SPDR Add +22.9% 0.17% +0.02
XLV SS Health Care Select Sector Add +23.9% 0.13% +0.02
XLE SS Energy Select Sector Add +31.3% 0.14% +0.01
XLY SS Consumer Disc Select Sect Add +9.0% 0.18% +0.01
ORLY O'reilly Automotive Inc. Add +4.9% 0.96% +0.01
META Meta Platforms Inc. Class A Add +17.2% 0.06% +0.01
PEY Invesco High Yield Equity Di Add +2.1% 1.35% +0.01
LAMR Lamar Advertising Co. Class A Add +2.0% 1.34% +0.01
XLB SS Materials Select Sector Add +19.9% 0.06% +0.01
PGR Progressive Corp. Add +3.2% 0.07% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 152$807.6MSOXX, XFIV, BSCV, BSCU, HYDB
Q1 2026 143$729.8MBSCV, HYDB, FTSL, XFIV, BSCU
Q4 2025 138$719.9MBSCV, FTSL, AVGO, HYDB, BSCT
Q3 2025 134$679.2MAVGO, BSCV, BSCT, FTSL, MSFT
Q2 2025 127$644.6MAVGO, BSCV, BSCT, MSFT, FTSL
Q1 2025 120$604.3MBSCT, BSCV, AAPL, AVGO, FTSL
Q4 2024 118$599.1MAVGO, BSCV, BSCT, AAPL, MSFT
Q3 2024 125$577.7MAVGO, AAPL, MSFT, BSCV, BSCT
Q2 2024 130$509.7MAVGO, MSFT, AAPL, COST, IJH
Q1 2024 131$466.5MMSFT, TAP, AVGO, AAPL, IJH