Capital Investment Counsel, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Capital Investment Counsel, LLC reported 120 stock positions worth $604.3 million. Its top holding was Invesco Bulletshares 2029 CB (BSCT) at 3.4% of the portfolio, followed by Invesco Bulletshares 2031 CB (BSCV, 3.4%) and Apple (AAPL, 2.6%). Compared with Q4 2024, it opened 6 new positions, sold out of 4, added to 45 and reduced 65. The biggest buy was a new position in Vngrd Mrngstr MC GRW ETF-Usd (VOT) and the biggest sale Broadcom (AVGO, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0002033609
- Portfolio Value
- $604.3M (Q1 2025)
- SEC Filing
- 0001221073-25-000057 ↗ filed May 15, 2025
Holdings Value
Holdings 120 stocks · $604.3M
| BSCT Invesco Bulletshares 2029 CB | 3.37% | 1,100,000 | $20.4M | Add +3.3% |
| BSCV Invesco Bulletshares 2031 CB | 3.37% | 1,248,721 | $20.4M | Add +2.6% |
| AAPL Apple Inc. | 2.56% | 69,645 | $15.5M | Reduce -4.2% |
| AVGO Broadcom Inc. | 2.44% | 87,995 | $14.7M | Reduce -13.2% |
| FTSL First Trust Senior Loan ETF | 2.44% | 322,679 | $14.7M | Add +17.7% |
| MSFT Microsoft Corp. | 2.36% | 37,933 | $14.2M | Reduce -0.5% |
| HYDB iShares High Yield Systemati | 2.27% | 291,149 | $13.7M | Add +16.6% |
| TAP Molson Coors Beverage Co. Class B | 2.16% | 214,793 | $13.1M | No change |
| COST Costco Wholesale Corp. | 2.13% | 13,638 | $12.9M | Reduce -3.1% |
| CVX Chevron Corp. | 2.13% | 76,802 | $12.8M | Add +1.7% |
| IJH iShares Core S&P Midcap ETF | 1.91% | 197,821 | $11.5M | Reduce -1.6% |
| ABBV Abbvie Inc. | 1.79% | 51,530 | $10.8M | Reduce -2.2% |
| GOOGL Alphabet Inc. Class A | 1.67% | 65,408 | $10.1M | Reduce -0.3% |
| TRI Thomson Reuters Corp. | 1.67% | 58,277 | $10.1M | Reduce -4.7% |
| ARES Ares Management Corp. Class A | 1.57% | 64,834 | $9.5M | Reduce -5.8% |
| QQQ Invesco QQQ Trust Series 1 | 1.53% | 19,757 | $9.3M | Reduce -2.5% |
| PWB Invesco Large Cap Growth ETF | 1.51% | 94,898 | $9.1M | Reduce -2.0% |
| JPM JPMorgan Chase & Co. | 1.51% | 37,150 | $9.1M | Reduce -2.2% |
| NOC Northrop Grumman Corp. | 1.45% | 17,122 | $8.8M | Reduce -0.2% |
| WMT Walmart Inc. | 1.40% | 96,142 | $8.4M | Reduce -3.6% |
| MA Mastercard Inc. Class A | 1.35% | 14,917 | $8.2M | Add +2.9% |
| SOXX iShares Semiconductor ETF | 1.34% | 43,063 | $8.1M | Reduce -3.6% |
| SCHF Schwab Intl Equity ETF | 1.33% | 405,712 | $8.0M | Reduce -3.6% |
| SPGI S&P Global Inc. | 1.32% | 15,759 | $8.0M | Add +49.1% |
| AMZN Amazon.com Inc. | 1.31% | 41,689 | $7.9M | Add +0.5% |
| UNH Unitedhealth Group Inc. | 1.28% | 14,755 | $7.7M | Add +1.9% |
| XOM Exxon Mobil Corp. | 1.26% | 64,244 | $7.6M | Add +2.3% |
| ROP Roper Technologies Inc. | 1.26% | 12,916 | $7.6M | Add +1.8% |
| DE Deere & Co. | 1.24% | 15,944 | $7.5M | Reduce -1.2% |
| CAT Caterpillar Inc. | 1.23% | 22,555 | $7.4M | Reduce -0.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.19% | 28,959 | $7.2M | Add +0.1% |
| BSCU Invesco Bulletshares 2030 CB | 1.18% | 430,796 | $7.1M | Add +239.8% |
| SDVY First Trust Smid Cap Rising | 1.16% | 208,936 | $7.0M | Reduce -1.5% |
| ORLY O'reilly Automotive Inc. | 1.14% | 4,826 | $6.9M | Reduce -0.6% |
| IQLT iShares MSCI International Q | 1.14% | 173,890 | $6.9M | Reduce -0.0% |
| DGRO iShares Core Dividend Growth | 1.12% | 109,663 | $6.8M | Reduce -2.0% |
| DLR Digital Realty Trust Inc. | 1.09% | 45,989 | $6.6M | Reduce -1.0% |
| LAMR Lamar Advertising Co. Class A | 1.09% | 57,709 | $6.6M | Reduce -0.7% |
| DON Wisdomtree US Midcap Dividen | 1.09% | 132,468 | $6.6M | Add +0.8% |
| SO The Southern Co. | 1.07% | 70,228 | $6.5M | Reduce -3.1% |
| VTI VG Morningstar TS MKT ETF-US | 1.05% | 23,078 | $6.3M | Add +1.7% |
| HD Home Depot Inc. | 1.05% | 17,241 | $6.3M | Reduce -4.8% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 1.01% | 24,998 | $6.1M | New |
| GILD Gilead Sciences Inc. | 0.98% | 52,789 | $5.9M | Reduce -5.5% |
| ING ING Groep N.V.-Sponsored ADR | 0.98% | 301,229 | $5.9M | Add +2.0% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.97% | 112,475 | $5.9M | Reduce -0.5% |
| DHI D.R. Horton Inc. | 0.95% | 45,298 | $5.8M | Add +0.1% |
| AMGN Amgen Inc. | 0.95% | 18,442 | $5.7M | Reduce -0.9% |
| UNP Union Pacific Corp. | 0.95% | 24,318 | $5.7M | Reduce -4.8% |
| ACN Accenture PLC Class A | 0.95% | 18,319 | $5.7M | Add +3.0% |
| VPL Vanguard Ftse Pacific ETF | 0.94% | 78,368 | $5.7M | Reduce -2.2% |
| PEG Public Service Enterprise GP | 0.93% | 67,958 | $5.6M | Reduce -0.4% |
| PAYX Paychex Inc. | 0.92% | 35,996 | $5.6M | Reduce -3.0% |
| EOG EOG Resources Inc. | 0.91% | 43,066 | $5.5M | Reduce -0.6% |
| OWL Blue Owl Capital Inc. | 0.90% | 272,750 | $5.5M | New |
| TXN Texas Instruments Inc. | 0.89% | 30,069 | $5.4M | Add +1.1% |
| EMR Emerson Electric Co. | 0.89% | 49,080 | $5.4M | Add +0.5% |
| WAT Waters Corp. | 0.89% | 14,581 | $5.4M | Reduce -3.4% |
| PEP Pepsico Inc. | 0.88% | 35,444 | $5.3M | Reduce -0.1% |
| ADBE Adobe Inc. | 0.80% | 12,557 | $4.8M | Add +13.0% |
| SDOG Alps Sector Dividend Dogs | 0.80% | 82,691 | $4.8M | Reduce -1.1% |
| FNF Fidelity National Financial | 0.78% | 72,222 | $4.7M | Reduce -4.5% |
| UL Unilever PLC | 0.75% | 76,223 | $4.5M | Reduce -1.7% |
| BSCW Invesco Bulletshares 2032 CB | 0.72% | 212,424 | $4.3M | Add +313.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.69% | 7,861 | $4.2M | Add +2.8% |
| XLK SS Technology Select Sector | 0.69% | 20,199 | $4.2M | Add +4.4% |
| MS Morgan Stanley | 0.68% | 35,452 | $4.1M | Add +1.8% |
| OEF iShares S&P 100 ETF | 0.67% | 15,006 | $4.1M | Add +0.8% |
| GOVT iShares US Treasury Bond ETF | 0.63% | 164,890 | $3.8M | Add +0.7% |
| SNY Sanofi-ADR | 0.63% | 68,099 | $3.8M | Add +0.2% |
| VGSH Vanguard Short-Term Treasury | 0.61% | 62,519 | $3.7M | Add +0.3% |
| SCHD Schwab US DVD Equity ETF | 0.57% | 123,534 | $3.5M | Add +1.8% |
| PSA Public Storage | 0.52% | 10,524 | $3.1M | Reduce -0.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.50% | 40,264 | $3.0M | Reduce -1.2% |
| IWP iShares Russell Mid-Cap Grow | 0.43% | 21,954 | $2.6M | Reduce -2.2% |
| IEI iShares 3-7 Year Treasury Bo | 0.42% | 21,498 | $2.5M | Add +4.5% |
| LLY Eli Lilly & Co. | 0.40% | 2,945 | $2.4M | Add +0.6% |
| XLF SS Financial Select Sector | 0.37% | 44,986 | $2.2M | Add +22.4% |
| XLC SS Comm Select Sector SPDR | 0.31% | 19,678 | $1.9M | Add +3.7% |
| ETN Eaton Corp. PLC | 0.29% | 6,379 | $1.7M | Reduce -3.0% |
| IVV iShares Core S&P 500 ETF | 0.25% | 2,727 | $1.5M | Reduce -10.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 2,683 | $1.5M | Reduce -11.5% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.25% | 28,570 | $1.5M | Add +4.0% |
| XLY SS Consumer Disc Select Sect | 0.22% | 6,880 | $1.4M | Add +3.4% |
| NVDA Nvidia Corp. | 0.21% | 11,919 | $1.3M | Reduce -7.3% |
| XLI SS Industrial Select Sector | 0.20% | 9,397 | $1.2M | Add +4.7% |
| XLE SS Energy Select Sector | 0.20% | 12,987 | $1.2M | Reduce -10.0% |
| LMT Lockheed Martin Corp. | 0.20% | 2,695 | $1.2M | Reduce -26.9% |
| GOOG Alphabet Inc. Class C | 0.19% | 7,361 | $1.2M | Add +4.2% |
| FDN First Trust DJ Internet Ind | 0.17% | 4,667 | $1.0M | Reduce -0.1% |
| WM Waste Management Inc. | 0.17% | 4,384 | $1.0M | No change |
| EPI Wisdomtree India Earnings | 0.16% | 22,478 | $983K | Add +3.5% |
| SPMB SS SPDR P Mort Back Bond ETF | 0.15% | 41,738 | $920K | Reduce -20.1% |
| SUSA iShares ESG Optimized MSCI U | 0.13% | 6,669 | $766K | Reduce -30.2% |
| FTSM First Trust Enh Short Mat FD | 0.11% | 11,295 | $676K | Reduce -11.6% |
| FITB Fifth Third Bancorp | 0.11% | 17,201 | $674K | New |
| ABT Abbott Laboratories | 0.10% | 4,356 | $578K | Reduce -22.1% |
| V Visa Inc. Class A | 0.09% | 1,550 | $543K | Reduce -4.8% |
| PG The Procter & Gamble Co. | 0.09% | 3,045 | $519K | Add +0.2% |
| META Meta Platforms Inc. Class A | 0.07% | 755 | $435K | Add +35.1% |
Portfolio Sells Q4 2024 → Q1 2025
| AVGO Broadcom Inc. | Reduce -13.2% | 2.44% | −1.45 |
| GIS General Mills Inc. | Sold out | 0.00% | −1.00 |
| AAPL Apple Inc. | Reduce -4.2% | 2.56% | −0.48 |
| ARES Ares Management Corp. Class A | Reduce -5.8% | 1.57% | −0.46 |
| GOOGL Alphabet Inc. Class A | Reduce -0.3% | 1.67% | −0.40 |
| MSFT Microsoft Corp. | Reduce -0.5% | 2.36% | −0.33 |
| DLR Digital Realty Trust Inc. | Reduce -1.0% | 1.09% | −0.28 |
| SOXX iShares Semiconductor ETF | Reduce -3.6% | 1.34% | −0.27 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -2.5% | 1.53% | −0.20 |
| IJH iShares Core S&P Midcap ETF | Reduce -1.6% | 1.91% | −0.18 |
| CAT Caterpillar Inc. | Reduce -0.6% | 1.23% | −0.14 |
| PWB Invesco Large Cap Growth ETF | Reduce -2.0% | 1.51% | −0.14 |
| HD Home Depot Inc. | Reduce -4.8% | 1.05% | −0.13 |
| SDVY First Trust Smid Cap Rising | Reduce -1.5% | 1.16% | −0.11 |
| WMT Walmart Inc. | Reduce -3.6% | 1.40% | −0.11 |
| LMT Lockheed Martin Corp. | Reduce -26.9% | 0.20% | −0.10 |
| LAMR Lamar Advertising Co. Class A | Reduce -0.7% | 1.09% | −0.09 |
| ETN Eaton Corp. PLC | Reduce -3.0% | 0.29% | −0.08 |
| NVDA Nvidia Corp. | Reduce -7.3% | 0.21% | −0.07 |
| SUSA iShares ESG Optimized MSCI U | Reduce -30.2% | 0.13% | −0.07 |
| XLB SS Materials Select Sector | Sold out | 0.00% | −0.05 |
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -49.9% | 0.04% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -11.5% | 0.25% | −0.05 |
| IWP iShares Russell Mid-Cap Grow | Reduce -2.2% | 0.43% | −0.05 |
| IVV iShares Core S&P 500 ETF | Reduce -10.7% | 0.25% | −0.05 |
| WAT Waters Corp. | Reduce -3.4% | 0.89% | −0.05 |
| IWF iShares Russell 1000 Growth | Sold out | 0.00% | −0.04 |
| PEG Public Service Enterprise GP | Reduce -0.4% | 0.93% | −0.04 |
| SPMB SS SPDR P Mort Back Bond ETF | Reduce -20.1% | 0.15% | −0.04 |
| AFL Aflac Inc. | Reduce -50.1% | 0.04% | −0.03 |
| DGRO iShares Core Dividend Growth | Reduce -2.0% | 1.12% | −0.02 |
| UNP Union Pacific Corp. | Reduce -4.8% | 0.95% | −0.02 |
| PEP Pepsico Inc. | Reduce -0.1% | 0.88% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -3.1% | 2.13% | −0.02 |
| FDN First Trust DJ Internet Ind | Reduce -0.1% | 0.17% | −0.02 |
| FTSM First Trust Enh Short Mat FD | Reduce -11.6% | 0.11% | −0.02 |
| SCHX Schwab US Large-Cap ETF | Reduce -16.2% | 0.06% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -2.2% | 1.51% | −0.01 |
| LMBS First Trust Low Duration Opp | Reduce -18.4% | 0.05% | −0.01 |
| DES Wisdomtree US Smallcap Divid | Reduce -12.7% | 0.05% | −0.01 |
| VPL Vanguard Ftse Pacific ETF | Reduce -2.2% | 0.94% | −0.01 |
| ABT Abbott Laboratories | Reduce -22.1% | 0.10% | −0.01 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -17.9% | 0.04% | −0.01 |
| IVW iShares S&P 500 Growth ETF | Reduce -5.8% | 0.05% | −0.01 |
| XLE SS Energy Select Sector | Reduce -10.0% | 0.20% | −0.01 |
| PSA Public Storage | Reduce -0.1% | 0.52% | −0.01 |
| PEY Invesco High Yield Equity Di | Reduce -7.8% | 0.05% | −0.00 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -0.5% | 0.97% | −0.00 |
| PGR Progressive Corp. | Reduce -12.7% | 0.06% | +0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| VOT Vngrd Mrngstr MC GRW ETF-Usd | New | 1.01% | +1.01 |
| OWL Blue Owl Capital Inc. | New | 0.90% | +0.90 |
| BSCU Invesco Bulletshares 2030 CB | Add +239.8% | 1.18% | +0.84 |
| BSCW Invesco Bulletshares 2032 CB | Add +313.7% | 0.72% | +0.54 |
| SPGI S&P Global Inc. | Add +49.1% | 1.32% | +0.45 |
| FTSL First Trust Senior Loan ETF | Add +17.7% | 2.44% | +0.32 |
| HYDB iShares High Yield Systemati | Add +16.6% | 2.27% | +0.31 |
| CVX Chevron Corp. | Add +1.7% | 2.13% | +0.30 |
| ING ING Groep N.V.-Sponsored ADR | Add +2.0% | 0.98% | +0.20 |
| ROP Roper Technologies Inc. | Add +1.8% | 1.26% | +0.16 |
| XOM Exxon Mobil Corp. | Add +2.3% | 1.26% | +0.14 |
| IBM Intl Business Machines Corp. | Add +0.1% | 1.19% | +0.13 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.8% | 0.69% | +0.11 |
| BSCT Invesco Bulletshares 2029 CB | Add +3.3% | 3.37% | +0.11 |
| FITB Fifth Third Bancorp | New | 0.11% | +0.11 |
| BSCV Invesco Bulletshares 2031 CB | Add +2.6% | 3.37% | +0.11 |
| MA Mastercard Inc. Class A | Add +2.9% | 1.35% | +0.08 |
| SNY Sanofi-ADR | Add +0.2% | 0.63% | +0.08 |
| XLF SS Financial Select Sector | Add +22.4% | 0.37% | +0.07 |
| UNH Unitedhealth Group Inc. | Add +1.9% | 1.28% | +0.06 |
| SCHG Schwab US Large-Cap Growth | New | 0.04% | +0.04 |
| MDY State Street SPDR S&P Midcap | New | 0.04% | +0.04 |
| JNJ Johnson & Johnson | New | 0.04% | +0.04 |
| LLY Eli Lilly & Co. | Add +0.6% | 0.40% | +0.03 |
| IEI iShares 3-7 Year Treasury Bo | Add +4.5% | 0.42% | +0.02 |
| SCHD Schwab US DVD Equity ETF | Add +1.8% | 0.57% | +0.02 |
| META Meta Platforms Inc. Class A | Add +35.1% | 0.07% | +0.02 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +4.0% | 0.25% | +0.01 |
| SCHA Schwab US Small-Cap ETF | Add +30.5% | 0.05% | +0.01 |
| XLC SS Comm Select Sector SPDR | Add +3.7% | 0.31% | +0.01 |
| XLI SS Industrial Select Sector | Add +4.7% | 0.20% | +0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +5.6% | 0.06% | +0.01 |
| INTU Intuit Inc. | Add +9.2% | 0.05% | +0.00 |
| VGSH Vanguard Short-Term Treasury | Add +0.3% | 0.61% | +0.00 |
| PG The Procter & Gamble Co. | Add +0.2% | 0.09% | +0.00 |
| BAC Bank of America Corp. | Add +5.1% | 0.05% | −0.00 |
| GOVT iShares US Treasury Bond ETF | Add +0.7% | 0.63% | −0.00 |
| EPI Wisdomtree India Earnings | Add +3.5% | 0.16% | −0.00 |
| XLY SS Consumer Disc Select Sect | Add +3.4% | 0.22% | −0.02 |
| ADBE Adobe Inc. | Add +13.0% | 0.80% | −0.03 |
| DON Wisdomtree US Midcap Dividen | Add +0.8% | 1.09% | −0.03 |
| GOOG Alphabet Inc. Class C | Add +4.2% | 0.19% | −0.03 |
| TXN Texas Instruments Inc. | Add +1.1% | 0.89% | −0.04 |
| OEF iShares S&P 100 ETF | Add +0.8% | 0.67% | −0.05 |
| MS Morgan Stanley | Add +1.8% | 0.68% | −0.05 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.7% | 1.05% | −0.05 |
| XLK SS Technology Select Sector | Add +4.4% | 0.69% | −0.06 |
| ACN Accenture PLC Class A | Add +3.0% | 0.95% | −0.10 |
| DHI D.R. Horton Inc. | Add +0.1% | 0.95% | −0.10 |
| EMR Emerson Electric Co. | Add +0.5% | 0.89% | −0.12 |
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 |