Capital Investment Counsel, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 23, 2025), Capital Investment Counsel, LLC reported 118 stock positions worth $599.1 million. Its top holding was Broadcom (AVGO) at 3.9% of the portfolio, followed by Invesco Bulletshares 2031 CB (BSCV, 3.3%) and Invesco Bulletshares 2029 CB (BSCT, 3.3%). Compared with Q3 2024, it opened 7 new positions, sold out of 14, added to 57 and reduced 42. The biggest buy was Invesco Bulletshares 2029 CB (BSCT, shares +55%) and the biggest sale Invesco High Yield Equity Di (PEY, shares −95%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0002033609
- Portfolio Value
- $599.1M (Q4 2024)
- SEC Filing
- 0001221073-25-000008 ↗ filed Jan 23, 2025
Holdings Value
Holdings 118 stocks · $599.1M
| AVGO Broadcom Inc. | 3.89% | 101,360 | $23.3M | Reduce -3.1% |
| BSCV Invesco Bulletshares 2031 CB | 3.26% | 1,217,286 | $19.5M | Add +51.1% |
| BSCT Invesco Bulletshares 2029 CB | 3.26% | 1,064,744 | $19.5M | Add +55.0% |
| AAPL Apple Inc. | 3.04% | 72,682 | $18.2M | Reduce -1.2% |
| MSFT Microsoft Corp. | 2.68% | 38,111 | $16.1M | Reduce -0.6% |
| COST Costco Wholesale Corp. | 2.15% | 14,077 | $12.9M | Reduce -2.0% |
| FTSL First Trust Senior Loan ETF | 2.12% | 274,218 | $12.7M | Add +95.3% |
| IJH iShares Core S&P Midcap ETF | 2.09% | 201,096 | $12.5M | Reduce -1.3% |
| GOOGL Alphabet Inc. Class A | 2.07% | 65,641 | $12.4M | Reduce -0.2% |
| TAP Molson Coors Beverage Co. Class B | 2.06% | 214,793 | $12.3M | No change |
| ARES Ares Management Corp. Class A | 2.03% | 68,794 | $12.2M | Reduce -2.5% |
| HYDB iShares High Yield Systemati | 1.96% | 249,735 | $11.7M | Add +75.0% |
| CVX Chevron Corp. | 1.83% | 75,538 | $10.9M | Add +1.4% |
| QQQ Invesco QQQ Trust Series 1 | 1.73% | 20,275 | $10.4M | Reduce -0.3% |
| PWB Invesco Large Cap Growth ETF | 1.64% | 96,849 | $9.9M | Reduce -2.3% |
| TRI Thomson Reuters Corp. | 1.64% | 61,134 | $9.8M | Reduce -1.3% |
| SOXX iShares Semiconductor ETF | 1.61% | 44,669 | $9.6M | Reduce -1.8% |
| ABBV Abbvie Inc. | 1.56% | 52,700 | $9.4M | Add +0.4% |
| JPM JPMorgan Chase & Co. | 1.52% | 38,003 | $9.1M | Add +1.6% |
| AMZN Amazon.com Inc. | 1.52% | 41,477 | $9.1M | Add +1.1% |
| WMT Walmart Inc. | 1.50% | 99,692 | $9.0M | Reduce -2.9% |
| DLR Digital Realty Trust Inc. | 1.38% | 46,465 | $8.2M | Add +0.2% |
| CAT Caterpillar Inc. | 1.37% | 22,691 | $8.2M | Reduce -1.3% |
| NOC Northrop Grumman Corp. | 1.34% | 17,152 | $8.0M | Reduce -1.0% |
| SCHF Schwab Intl Equity ETF | 1.30% | 421,063 | $7.8M | Reduce -2.3% |
| MA Mastercard Inc. Class A | 1.27% | 14,491 | $7.6M | Add +10.3% |
| SDVY First Trust Smid Cap Rising | 1.27% | 212,062 | $7.6M | Add +0.3% |
| UNH Unitedhealth Group Inc. | 1.22% | 14,478 | $7.3M | Add +2.3% |
| LAMR Lamar Advertising Co. Class A | 1.18% | 58,091 | $7.1M | Add +0.1% |
| HD Home Depot Inc. | 1.18% | 18,113 | $7.0M | Add +1.8% |
| DGRO iShares Core Dividend Growth | 1.15% | 111,858 | $6.9M | Reduce -1.8% |
| DE Deere & Co. | 1.14% | 16,137 | $6.8M | Add +1.2% |
| XOM Exxon Mobil Corp. | 1.13% | 62,806 | $6.8M | Add +1.1% |
| DON Wisdomtree US Midcap Dividen | 1.12% | 131,412 | $6.7M | Add +1.7% |
| ROP Roper Technologies Inc. | 1.10% | 12,694 | $6.6M | Add +3.1% |
| VTI VG Morningstar TS MKT ETF-US | 1.10% | 22,691 | $6.6M | Add +7.9% |
| IQLT iShares MSCI International Q | 1.08% | 173,957 | $6.5M | Reduce -0.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.06% | 28,917 | $6.4M | Add +5.6% |
| DHI D.R. Horton Inc. | 1.06% | 45,261 | $6.3M | Add +0.8% |
| ACN Accenture PLC Class A | 1.04% | 17,784 | $6.3M | Add +1.5% |
| EMR Emerson Electric Co. | 1.01% | 48,819 | $6.1M | Add +1.1% |
| GIS General Mills Inc. | 1.00% | 94,308 | $6.0M | Add +3.1% |
| SO The Southern Co. | 1.00% | 72,452 | $6.0M | Reduce -0.9% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.98% | 112,998 | $5.8M | Reduce -10.4% |
| UNP Union Pacific Corp. | 0.97% | 25,533 | $5.8M | Reduce -1.3% |
| PEG Public Service Enterprise GP | 0.96% | 68,234 | $5.8M | Add +0.4% |
| ORLY O'reilly Automotive Inc. | 0.96% | 4,854 | $5.8M | Add +1.1% |
| VPL Vanguard Ftse Pacific ETF | 0.95% | 80,160 | $5.7M | Reduce -1.3% |
| WAT Waters Corp. | 0.93% | 15,098 | $5.6M | Add +0.1% |
| TXN Texas Instruments Inc. | 0.93% | 29,738 | $5.6M | Add +0.5% |
| PEP Pepsico Inc. | 0.90% | 35,467 | $5.4M | Add +4.1% |
| EOG EOG Resources Inc. | 0.89% | 43,316 | $5.3M | Add +1.5% |
| SPGI S&P Global Inc. | 0.88% | 10,569 | $5.3M | Reduce -0.0% |
| PAYX Paychex Inc. | 0.87% | 37,117 | $5.2M | Add +1.7% |
| GILD Gilead Sciences Inc. | 0.86% | 55,842 | $5.2M | Reduce -0.4% |
| ADBE Adobe Inc. | 0.82% | 11,108 | $4.9M | New |
| AMGN Amgen Inc. | 0.81% | 18,618 | $4.9M | Add +2.4% |
| SDOG Alps Sector Dividend Dogs | 0.79% | 83,630 | $4.7M | Add +1.0% |
| ING ING Groep N.V.-Sponsored ADR | 0.77% | 295,451 | $4.6M | Add +1.4% |
| XLK SS Technology Select Sector | 0.75% | 19,343 | $4.5M | Add +16.5% |
| UL Unilever PLC | 0.73% | 77,567 | $4.4M | Add +0.0% |
| MS Morgan Stanley | 0.73% | 34,833 | $4.4M | New |
| OEF iShares S&P 100 ETF | 0.72% | 14,893 | $4.3M | Add +15.0% |
| FNF Fidelity National Financial | 0.71% | 75,592 | $4.2M | Reduce -1.6% |
| GOVT iShares US Treasury Bond ETF | 0.63% | 163,694 | $3.8M | Add +3.2% |
| VGSH Vanguard Short-Term Treasury | 0.61% | 62,361 | $3.6M | Add +7.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.58% | 7,646 | $3.5M | Reduce -3.9% |
| SCHD Schwab US DVD Equity ETF | 0.55% | 121,356 | $3.3M | Add +11.9% |
| SNY Sanofi-ADR | 0.55% | 67,958 | $3.3M | Add +2.2% |
| PSA Public Storage | 0.53% | 10,534 | $3.2M | New |
| IEFA iShares Core MSCI Eafe ETF | 0.48% | 40,751 | $2.9M | Reduce -0.5% |
| IWP iShares Russell Mid-Cap Grow | 0.47% | 22,445 | $2.8M | Add +11.0% |
| IEI iShares 3-7 Year Treasury Bo | 0.40% | 20,567 | $2.4M | Add +4.4% |
| LLY Eli Lilly & Co. | 0.38% | 2,929 | $2.3M | Reduce -0.2% |
| ETN Eaton Corp. PLC | 0.36% | 6,579 | $2.2M | No change |
| BSCU Invesco Bulletshares 2030 CB | 0.35% | 126,777 | $2.1M | New |
| XLC SS Comm Select Sector SPDR | 0.31% | 18,984 | $1.8M | Add +79.7% |
| IVV iShares Core S&P 500 ETF | 0.30% | 3,055 | $1.8M | Reduce -17.8% |
| LMT Lockheed Martin Corp. | 0.30% | 3,685 | $1.8M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.30% | 3,033 | $1.8M | Add +10.3% |
| XLF SS Financial Select Sector | 0.30% | 36,769 | $1.8M | Add +6.0% |
| NVDA Nvidia Corp. | 0.29% | 12,859 | $1.7M | Add +38.2% |
| XLY SS Consumer Disc Select Sect | 0.25% | 6,654 | $1.5M | Add +30.2% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.24% | 27,462 | $1.4M | Add +13.9% |
| GOOG Alphabet Inc. Class C | 0.22% | 7,068 | $1.3M | Add +73.5% |
| XLE SS Energy Select Sector | 0.21% | 14,429 | $1.2M | Add +59.6% |
| XLI SS Industrial Select Sector | 0.20% | 8,977 | $1.2M | Reduce -25.0% |
| SUSA iShares ESG Optimized MSCI U | 0.19% | 9,560 | $1.2M | No change |
| FDN First Trust DJ Internet Ind | 0.19% | 4,670 | $1.1M | No change |
| SPMB SS SPDR P Mort Back Bond ETF | 0.19% | 52,273 | $1.1M | Reduce -35.2% |
| BSCW Invesco Bulletshares 2032 CB | 0.17% | 51,342 | $1.0M | New |
| EPI Wisdomtree India Earnings | 0.16% | 21,719 | $983K | Add +35.3% |
| WM Waste Management Inc. | 0.15% | 4,384 | $885K | No change |
| FTSM First Trust Enh Short Mat FD | 0.13% | 12,770 | $763K | Reduce -38.5% |
| ABT Abbott Laboratories | 0.11% | 5,593 | $633K | Add +3.5% |
| MRK Merck & Co. Inc. | 0.09% | 5,341 | $531K | Reduce -90.2% |
| V Visa Inc. Class A | 0.09% | 1,629 | $515K | Add +5.8% |
| PG The Procter & Gamble Co. | 0.09% | 3,038 | $509K | No change |
| SCHX Schwab US Large-Cap ETF | 0.07% | 18,918 | $439K | Reduce -31.9% |
| AFL Aflac Inc. | 0.07% | 3,910 | $404K | Reduce -15.9% |
Portfolio Sells Q3 2024 → Q4 2024
| PEY Invesco High Yield Equity Di | Reduce -95.5% | 0.06% | −1.30 |
| MRK Merck & Co. Inc. | Reduce -90.2% | 0.09% | −0.99 |
| NOC Northrop Grumman Corp. | Reduce -1.0% | 1.34% | −0.24 |
| SCHF Schwab Intl Equity ETF | Reduce -2.3% | 1.30% | −0.23 |
| SOXX iShares Semiconductor ETF | Reduce -1.8% | 1.61% | −0.21 |
| TRI Thomson Reuters Corp. | Reduce -1.3% | 1.64% | −0.19 |
| CAT Caterpillar Inc. | Reduce -1.3% | 1.37% | −0.18 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -10.4% | 0.98% | −0.17 |
| MSFT Microsoft Corp. | Reduce -0.6% | 2.68% | −0.17 |
| IQLT iShares MSCI International Q | Reduce -0.1% | 1.08% | −0.17 |
| VPL Vanguard Ftse Pacific ETF | Reduce -1.3% | 0.95% | −0.15 |
| VOO Vanguard S&P 500 ETF | Reduce -73.7% | 0.05% | −0.15 |
| SO The Southern Co. | Reduce -0.9% | 1.00% | −0.15 |
| UNP Union Pacific Corp. | Reduce -1.3% | 0.97% | −0.13 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.13 |
| SPMB SS SPDR P Mort Back Bond ETF | Reduce -35.2% | 0.19% | −0.13 |
| FNF Fidelity National Financial | Reduce -1.6% | 0.71% | −0.12 |
| IJH iShares Core S&P Midcap ETF | Reduce -1.3% | 2.09% | −0.11 |
| LMBS First Trust Low Duration Opp | Reduce -56.8% | 0.07% | −0.10 |
| BSV Vanguard Short-Term Bond ETF | Sold out | 0.00% | −0.09 |
| DGRO iShares Core Dividend Growth | Reduce -1.8% | 1.15% | −0.09 |
| FTSM First Trust Enh Short Mat FD | Reduce -38.5% | 0.13% | −0.09 |
| XLI SS Industrial Select Sector | Reduce -25.0% | 0.20% | −0.08 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -0.5% | 0.48% | −0.08 |
| LLY Eli Lilly & Co. | Reduce -0.2% | 0.38% | −0.07 |
| IVV iShares Core S&P 500 ETF | Reduce -17.8% | 0.30% | −0.07 |
| SPGI S&P Global Inc. | Reduce -0.0% | 0.88% | −0.07 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Sold out | 0.00% | −0.06 |
| SHM SS SPDR N Ice St Muni ETF | Sold out | 0.00% | −0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.9% | 0.58% | −0.06 |
| COST Costco Wholesale Corp. | Reduce -2.0% | 2.15% | −0.05 |
| PWB Invesco Large Cap Growth ETF | Reduce -2.3% | 1.64% | −0.05 |
| BSMV Invesco Bulletshares 2031 MB | Sold out | 0.00% | −0.05 |
| MBB iShares MBS ETF | Sold out | 0.00% | −0.04 |
| DBEF Xtrackers MSCI Eafe Hedged E | Sold out | 0.00% | −0.04 |
| VTV Vanguard Mrngstr Val ETF-Aui | Sold out | 0.00% | −0.04 |
| IJR iShares Core S&P Small-Cap E | Sold out | 0.00% | −0.04 |
| BIV Vanguard Intermediate-Term B | Sold out | 0.00% | −0.04 |
| VNQ Vanguard Real Estate ETF | Sold out | 0.00% | −0.04 |
| SCHX Schwab US Large-Cap ETF | Reduce -31.9% | 0.07% | −0.04 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.04 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −0.04 |
| SCHA Schwab US Small-Cap ETF | Reduce -41.7% | 0.05% | −0.03 |
| IVW iShares S&P 500 Growth ETF | Reduce -35.5% | 0.06% | −0.03 |
| VTN Invesco TR for Invest GRD NY | Sold out | 0.00% | −0.03 |
| AFL Aflac Inc. | Reduce -15.9% | 0.07% | −0.02 |
| ITB iShares U.S. Home Constructi | Reduce -5.5% | 0.05% | −0.02 |
| DES Wisdomtree US Smallcap Divid | Reduce -6.7% | 0.06% | −0.01 |
| IWF iShares Russell 1000 Growth | Reduce -9.0% | 0.04% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.3% | 1.73% | +0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| BSCT Invesco Bulletshares 2029 CB | Add +55.0% | 3.26% | +1.02 |
| FTSL First Trust Senior Loan ETF | Add +95.3% | 2.12% | +1.00 |
| BSCV Invesco Bulletshares 2031 CB | Add +51.1% | 3.26% | +0.94 |
| ADBE Adobe Inc. | New | 0.82% | +0.82 |
| HYDB iShares High Yield Systemati | Add +75.0% | 1.96% | +0.77 |
| MS Morgan Stanley | New | 0.73% | +0.73 |
| PSA Public Storage | New | 0.53% | +0.53 |
| BSCU Invesco Bulletshares 2030 CB | New | 0.35% | +0.35 |
| AMZN Amazon.com Inc. | Add +1.1% | 1.52% | +0.20 |
| BSCW Invesco Bulletshares 2032 CB | New | 0.17% | +0.17 |
| JPM JPMorgan Chase & Co. | Add +1.6% | 1.52% | +0.15 |
| MA Mastercard Inc. Class A | Add +10.3% | 1.27% | +0.15 |
| XLC SS Comm Select Sector SPDR | Add +79.7% | 0.31% | +0.14 |
| GOOG Alphabet Inc. Class C | Add +73.5% | 0.22% | +0.11 |
| XLK SS Technology Select Sector | Add +16.5% | 0.75% | +0.10 |
| OEF iShares S&P 100 ETF | Add +15.0% | 0.72% | +0.10 |
| EMR Emerson Electric Co. | Add +1.1% | 1.01% | +0.10 |
| NVDA Nvidia Corp. | Add +38.2% | 0.29% | +0.09 |
| DLR Digital Realty Trust Inc. | Add +0.2% | 1.38% | +0.08 |
| XLY SS Consumer Disc Select Sect | Add +30.2% | 0.25% | +0.07 |
| XLE SS Energy Select Sector | Add +59.6% | 0.21% | +0.07 |
| VTI VG Morningstar TS MKT ETF-US | Add +7.9% | 1.10% | +0.07 |
| IWP iShares Russell Mid-Cap Grow | Add +11.0% | 0.47% | +0.06 |
| MCD McDonald's Corp. | New | 0.06% | +0.06 |
| BAC Bank of America Corp. | New | 0.05% | +0.05 |
| SCHD Schwab US DVD Equity ETF | Add +11.9% | 0.55% | +0.02 |
| XLF SS Financial Select Sector | Add +6.0% | 0.30% | +0.02 |
| EPI Wisdomtree India Earnings | Add +35.3% | 0.16% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +10.3% | 0.30% | +0.02 |
| PAYX Paychex Inc. | Add +1.7% | 0.87% | +0.02 |
| IBM Intl Business Machines Corp. | Add +5.6% | 1.06% | +0.01 |
| V Visa Inc. Class A | Add +5.8% | 0.09% | +0.01 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +13.9% | 0.24% | +0.01 |
| VGSH Vanguard Short-Term Treasury | Add +7.3% | 0.61% | +0.01 |
| ORLY O'reilly Automotive Inc. | Add +1.1% | 0.96% | +0.00 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +17.7% | 0.06% | +0.00 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +3.2% | 0.05% | −0.00 |
| ABT Abbott Laboratories | Add +3.5% | 0.11% | −0.00 |
| XLB SS Materials Select Sector | Add +11.7% | 0.05% | −0.00 |
| WAT Waters Corp. | Add +0.1% | 0.93% | −0.01 |
| DE Deere & Co. | Add +1.2% | 1.14% | −0.01 |
| IEI iShares 3-7 Year Treasury Bo | Add +4.4% | 0.40% | −0.01 |
| GOVT iShares US Treasury Bond ETF | Add +3.2% | 0.63% | −0.02 |
| EOG EOG Resources Inc. | Add +1.5% | 0.89% | −0.02 |
| DON Wisdomtree US Midcap Dividen | Add +1.7% | 1.12% | −0.03 |
| ACN Accenture PLC Class A | Add +1.5% | 1.04% | −0.03 |
| SDOG Alps Sector Dividend Dogs | Add +1.0% | 0.79% | −0.06 |
| SDVY First Trust Smid Cap Rising | Add +0.3% | 1.27% | −0.06 |
| HD Home Depot Inc. | Add +1.8% | 1.18% | −0.07 |
| CVX Chevron Corp. | Add +1.4% | 1.83% | −0.07 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 152 | $807.6M | SOXX, XFIV, BSCV, BSCU, HYDB |
| Q1 2026 | 143 | $729.8M | BSCV, HYDB, FTSL, XFIV, BSCU |
| Q4 2025 | 138 | $719.9M | BSCV, FTSL, AVGO, HYDB, BSCT |
| Q3 2025 | 134 | $679.2M | AVGO, BSCV, BSCT, FTSL, MSFT |
| Q2 2025 | 127 | $644.6M | AVGO, BSCV, BSCT, MSFT, FTSL |
| Q1 2025 | 120 | $604.3M | BSCT, BSCV, AAPL, AVGO, FTSL |
| Q4 2024 | 118 | $599.1M | AVGO, BSCV, BSCT, AAPL, MSFT |
| Q3 2024 | 125 | $577.7M | AVGO, AAPL, MSFT, BSCV, BSCT |
| Q2 2024 | 130 | $509.7M | AVGO, MSFT, AAPL, COST, IJH |
| Q1 2024 | 131 | $466.5M | MSFT, TAP, AVGO, AAPL, IJH |