Capital Investment Counsel, LLC

Name: Capital Investment Counsel, LLC 13F holdings, Q4 2024
Creator: Capital Investment Counsel, LLC
Published: 2025-01-23

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

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%
LMBS First Trust Low Duration Opp	0.07%	8,220	$400K	Reduce -56.8%
IVW iShares S&P 500 Growth ETF	0.06%	3,752	$381K	Reduce -35.5%
PGR Progressive Corp.	0.06%	1,571	$376K	No change
MCD McDonald's Corp.	0.06%	1,291	$374K	New
DES Wisdomtree US Smallcap Divid	0.06%	10,742	$369K	Reduce -6.7%
PEY Invesco High Yield Equity Di	0.06%	16,104	$342K	Reduce -95.5%
XLU St Sr Utl SL SE SPDR ETF-Usd	0.06%	4,408	$334K	Add +17.7%
META Meta Platforms Inc. Class A	0.05%	559	$327K	No change
XLB SS Materials Select Sector	0.05%	3,787	$319K	Add +11.7%
FNDX Schwab Fndmntl US LRG Co. ETF	0.05%	13,437	$318K	Add +3.2%
VOO Vanguard S&P 500 ETF	0.05%	572	$308K	Reduce -73.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.05%	6,874	$302K	New
INTU Intuit Inc.	0.05%	480	$302K	No change
DVY iShares Select Dividend ETF	0.05%	2,195	$288K	No change
ITB iShares U.S. Home Constructi	0.05%	2,680	$277K	Reduce -5.5%
SCHA Schwab US Small-Cap ETF	0.05%	10,440	$270K	Reduce -41.7%
IWF iShares Russell 1000 Growth	0.04%	609	$245K	Reduce -9.0%
HCA HCA Healthcare Inc.	0.04%	728	$219K	No change

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