Capital Investment Counsel, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 2, 2026), Capital Investment Counsel, LLC reported 138 stock positions worth $719.9 million. Its top holding was Invesco Bulletshares 2031 CB (BSCV) at 3.0% of the portfolio, followed by First Trust Senior Loan ETF (FTSL, 2.9%) and Broadcom (AVGO, 2.9%). Compared with Q3 2025, it opened 13 new positions, sold out of 10, added to 78 and reduced 39. The biggest buy was Bondbloxx BBG 5 YR US Treas (XFIV, shares +111%) and the biggest sale Union Pacific (UNP, shares −94%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0002033609
- Portfolio Value
- $719.9M (Q4 2025)
- SEC Filing
- 0002033609-26-000001 ↗ filed Feb 2, 2026
Holdings Value
Holdings 138 stocks · $719.9M
| BSCV Invesco Bulletshares 2031 CB | 2.98% | 1,286,283 | $21.5M | Add +3.1% |
| FTSL First Trust Senior Loan ETF | 2.86% | 448,171 | $20.6M | Add +9.1% |
| AVGO Broadcom Inc. | 2.85% | 59,384 | $20.6M | Reduce -6.0% |
| HYDB iShares High Yield Systemati | 2.73% | 414,853 | $19.6M | Add +11.8% |
| BSCT Invesco Bulletshares 2029 CB | 2.67% | 1,021,027 | $19.2M | Reduce -2.2% |
| GOOGL Alphabet Inc. Class A | 2.53% | 58,099 | $18.2M | Reduce -6.4% |
| AAPL Apple Inc. | 2.53% | 66,884 | $18.2M | Add +0.6% |
| BSCU Invesco Bulletshares 2030 CB | 2.44% | 1,037,972 | $17.6M | Add +16.4% |
| MSFT Microsoft Corp. | 2.39% | 35,549 | $17.2M | Add +1.4% |
| XFIV Bondbloxx BBG 5 YR US Treas | 2.05% | 297,741 | $14.7M | Add +111.1% |
| IJH iShares Core S&P Midcap ETF | 1.85% | 201,880 | $13.3M | Add +2.1% |
| BSCW Invesco Bulletshares 2032 CB | 1.77% | 608,905 | $12.7M | Add +20.8% |
| QQQ Invesco QQQ Trust Series 1 | 1.72% | 20,194 | $12.4M | Add +2.9% |
| SOXX iShares Semiconductor ETF | 1.72% | 41,016 | $12.4M | Reduce -0.7% |
| CAT Caterpillar Inc. | 1.71% | 21,540 | $12.3M | Reduce -3.1% |
| CVX Chevron Corp. | 1.63% | 76,962 | $11.7M | Add +2.3% |
| PWB Invesco Large Cap Growth ETF | 1.63% | 92,270 | $11.7M | Add +0.8% |
| COST Costco Wholesale Corp. | 1.57% | 13,110 | $11.3M | Add +1.8% |
| ABBV Abbvie Inc. | 1.52% | 48,010 | $11.0M | Add +0.4% |
| JPM JPMorgan Chase & Co. | 1.52% | 33,926 | $10.9M | Add +0.4% |
| SCHF Schwab Intl Equity ETF | 1.39% | 415,357 | $10.0M | Add +4.4% |
| DGRO iShares Core Dividend Growth | 1.38% | 142,790 | $9.9M | Reduce -3.0% |
| EPI Wisdomtree India Earnings | 1.35% | 210,685 | $9.8M | Add +3.3% |
| WMT Walmart Inc. | 1.34% | 86,336 | $9.6M | Add +0.2% |
| WCMI FT WCM International ETF | 1.32% | 557,128 | $9.5M | Add +4.4% |
| ARES Ares Management Corp. Class A | 1.31% | 58,130 | $9.4M | Add +2.2% |
| NOC Northrop Grumman Corp. | 1.29% | 16,250 | $9.3M | Add +2.3% |
| AMZN Amazon.com Inc. | 1.27% | 39,492 | $9.1M | Add +3.8% |
| MA Mastercard Inc. Class A | 1.15% | 14,451 | $8.2M | Add +2.8% |
| VTI VG Morningstar TS MKT ETF-US | 1.13% | 24,302 | $8.1M | Add +1.9% |
| IQLT iShares MSCI International Q | 1.12% | 177,408 | $8.1M | Add +2.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.12% | 27,193 | $8.1M | Add +1.7% |
| SDVY First Trust Smid Cap Rising | 1.09% | 204,289 | $7.8M | Reduce -0.7% |
| SPGI S&P Global Inc. | 1.07% | 14,703 | $7.7M | Add +0.0% |
| ING ING Groep N.V.-Sponsored ADR | 1.06% | 272,776 | $7.6M | Add +1.0% |
| LAMR Lamar Advertising Co. Class A | 1.06% | 60,133 | $7.6M | Add +1.0% |
| XOM Exxon Mobil Corp. | 1.03% | 61,857 | $7.4M | Add +2.5% |
| DE Deere & Co. | 1.02% | 15,833 | $7.4M | Add +1.4% |
| DON Wisdomtree US Midcap Dividen | 1.01% | 140,679 | $7.3M | Add +2.5% |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.00% | 135,936 | $7.2M | Add +7.8% |
| VPL Vanguard Ftse Pacific ETF | 0.97% | 76,874 | $6.9M | Add +1.4% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.96% | 24,652 | $6.9M | Add +1.2% |
| MS Morgan Stanley | 0.93% | 37,535 | $6.7M | Add +2.4% |
| EMR Emerson Electric Co. | 0.92% | 49,998 | $6.6M | Add +3.0% |
| META Meta Platforms Inc. Class A | 0.91% | 9,958 | $6.6M | Add +1420.3% |
| ORLY O'reilly Automotive Inc. | 0.91% | 71,670 | $6.5M | Add +1.4% |
| DLR Digital Realty Trust Inc. | 0.90% | 41,892 | $6.5M | Add +0.9% |
| DHI D.R. Horton Inc. | 0.89% | 44,658 | $6.4M | Add +1.4% |
| XLK SS Technology Select Sector | 0.89% | 44,401 | $6.4M | Add +15.5% |
| AMGN Amgen Inc. | 0.87% | 19,058 | $6.2M | Add +3.8% |
| IEFA iShares Core MSCI Eafe ETF | 0.87% | 69,690 | $6.2M | Add +7.4% |
| TRI Thomson Reuters Corp. | 0.86% | 47,174 | $6.2M | Reduce -0.4% |
| GILD Gilead Sciences Inc. | 0.83% | 48,916 | $6.0M | Reduce -0.1% |
| HD Home Depot Inc. | 0.80% | 16,750 | $5.8M | Add +2.7% |
| ROP Roper Technologies Inc. | 0.80% | 12,940 | $5.8M | Add +3.2% |
| SDOG Alps Sector Dividend Dogs | 0.75% | 89,748 | $5.4M | Add +4.1% |
| WAT Waters Corp. | 0.75% | 14,151 | $5.4M | Reduce -0.1% |
| SO The Southern Co. | 0.73% | 60,608 | $5.3M | Reduce -0.1% |
| PEG Public Service Enterprise GP | 0.72% | 64,541 | $5.2M | Add +4.1% |
| SPMO Invesco S&P 500 Momentum ETF | 0.70% | 42,240 | $5.0M | Add +2.4% |
| PEP Pepsico Inc. | 0.69% | 34,843 | $5.0M | Add +0.8% |
| DRI Darden Restaurants Inc. | 0.69% | 27,099 | $5.0M | New |
| GOVT iShares US Treasury Bond ETF | 0.69% | 214,481 | $4.9M | Add +7.8% |
| EQH Equitable Holdings Inc. | 0.66% | 100,393 | $4.8M | Add +0.9% |
| TAP Molson Coors Beverage Co. Class B | 0.65% | 99,567 | $4.6M | No change |
| UL Unilever PLC-Sponsored ADR | 0.59% | 64,888 | $4.2M | Reduce -1.3% |
| VGSH Vanguard Short-Term Treasury | 0.58% | 70,988 | $4.2M | Reduce -5.7% |
| PAYX Paychex Inc. | 0.56% | 36,200 | $4.1M | Add +1.3% |
| FNF Fidelity National Financial | 0.56% | 73,328 | $4.0M | Add +1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.54% | 7,774 | $3.9M | Reduce -3.5% |
| CFG Citizens Financial Group | 0.53% | 65,344 | $3.8M | New |
| OEF iShares S&P 100 ETF | 0.53% | 11,091 | $3.8M | Add +28.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.52% | 73,253 | $3.7M | New |
| LLY Eli Lilly & Co. | 0.47% | 3,131 | $3.4M | Add +5.0% |
| IWP iShares Russell Mid-Cap Grow | 0.45% | 23,503 | $3.2M | Add +6.2% |
| XLF SS Financial Select Sector | 0.40% | 52,980 | $2.9M | Add +17.3% |
| PSA Public Storage | 0.38% | 10,438 | $2.7M | Reduce -2.2% |
| XLI SS Industrial Select Sector | 0.35% | 16,165 | $2.5M | Add +17.4% |
| SCIO FT Struct Credit Inc. Opp ETF | 0.32% | 112,194 | $2.3M | New |
| NVDA Nvidia Corp. | 0.32% | 12,361 | $2.3M | Add +5.7% |
| IVV iShares Core S&P 500 ETF | 0.32% | 3,335 | $2.3M | Add +31.7% |
| XSMO Invesco S&P Smallcap Momentu | 0.31% | 31,182 | $2.2M | New |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.31% | 4,520 | $2.2M | Add +88.7% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.30% | 39,760 | $2.1M | Add +11.5% |
| GOOG Alphabet Inc. Class C | 0.29% | 6,614 | $2.1M | Reduce -3.9% |
| XLY SS Consumer Disc Select Sect | 0.29% | 17,360 | $2.1M | Add +15.6% |
| XLC SS Comm Select Sector SPDR | 0.26% | 15,962 | $1.9M | Reduce -37.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.26% | 2,713 | $1.9M | Reduce -0.9% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.24% | 40,303 | $1.7M | Add +17.9% |
| XLV SS Health Care Select Sector | 0.23% | 10,840 | $1.7M | New |
| IWF iShares Russell 1000 Growth | 0.22% | 3,393 | $1.6M | Add +20.3% |
| MDY State Street SPDR S&P Midcap | 0.19% | 2,227 | $1.3M | Add +6.3% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.17% | 3,008 | $1.2M | Add +71.2% |
| QUAL iShares MSCI USA Quality Fac | 0.17% | 6,080 | $1.2M | Reduce -17.0% |
| ETN Eaton Corp. PLC | 0.16% | 3,649 | $1.2M | Reduce -1.2% |
| FDN First Trust DJ Internet Ind | 0.16% | 4,252 | $1.1M | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.15% | 5,541 | $1.1M | Add +0.7% |
| IEI iShares 3-7 Year Treasury Bo | 0.14% | 8,608 | $1.0M | Reduce -62.4% |
| LMT Lockheed Martin Corp. | 0.12% | 1,831 | $886K | No change |
| SUSA iShares ESG Optimized MSCI U | 0.12% | 6,000 | $836K | No change |
Options reported separately and not counted above: AMZN calls ($1K), NVDA calls ($820).
Portfolio Sells Q3 2025 → Q4 2025
| UNP Union Pacific Corp. | Reduce -94.3% | 0.04% | −0.78 |
| OWL Blue Owl Capital Inc. | Sold out | 0.00% | −0.74 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.64 |
| SCHD Schwab US DVD Equity ETF | Reduce -84.4% | 0.07% | −0.43 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -62.4% | 0.14% | −0.26 |
| TRI Thomson Reuters Corp. | Reduce -0.4% | 0.86% | −0.22 |
| BSCT Invesco Bulletshares 2029 CB | Reduce -2.2% | 2.67% | −0.22 |
| AVGO Broadcom Inc. | Reduce -6.0% | 2.85% | −0.21 |
| XLC SS Comm Select Sector SPDR | Reduce -37.2% | 0.26% | −0.18 |
| SO The Southern Co. | Reduce -0.1% | 0.73% | −0.11 |
| DGRO iShares Core Dividend Growth | Reduce -3.0% | 1.38% | −0.10 |
| PSA Public Storage | Reduce -2.2% | 0.38% | −0.08 |
| VGSH Vanguard Short-Term Treasury | Reduce -5.7% | 0.58% | −0.07 |
| SDVY First Trust Smid Cap Rising | Reduce -0.7% | 1.09% | −0.06 |
| UL Unilever PLC-Sponsored ADR | Reduce -1.3% | 0.59% | −0.06 |
| VYM Vanguard High DVD Yield ETF | Sold out | 0.00% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.5% | 0.54% | −0.05 |
| SPHQ Invesco S&P 500 Quality ETF | Sold out | 0.00% | −0.05 |
| ETN Eaton Corp. PLC | Reduce -1.2% | 0.16% | −0.04 |
| QUAL iShares MSCI USA Quality Fac | Reduce -17.0% | 0.17% | −0.04 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.04 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.04 |
| WM Waste Management Inc. | Sold out | 0.00% | −0.03 |
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −0.03 |
| DES Wisdomtree US Smallcap Divid | Sold out | 0.00% | −0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Sold out | 0.00% | −0.03 |
| IEF iShares 7-10 Year Treasury B | Reduce -44.2% | 0.03% | −0.03 |
| FTSM First Trust Enh Short Mat FD | Reduce -16.6% | 0.06% | −0.02 |
| SPMB SS SPDR P Mort Back Bond ETF | Reduce -7.0% | 0.11% | −0.02 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -18.7% | 0.05% | −0.02 |
| RPG Invesco S&P 500 Pure Growth | Reduce -5.1% | 0.10% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.9% | 0.26% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -3.5% | 0.06% | −0.01 |
| SCHA Schwab US Small-Cap ETF | Reduce -16.9% | 0.03% | −0.01 |
| INTU Intuit Inc. | Reduce -8.2% | 0.04% | −0.01 |
| V Visa Inc. Class A | Reduce -7.0% | 0.07% | −0.01 |
| MICC The Magnum Ice Cream Co. NV | Reduce -11.0% | 0.03% | −0.01 |
| SCHG Schwab US Large-Cap Growth | Reduce -5.5% | 0.05% | −0.00 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -4.8% | 0.03% | −0.00 |
| IVW iShares S&P 500 Growth ETF | Reduce -1.4% | 0.06% | −0.00 |
| DVY iShares Select Dividend ETF | Reduce -1.4% | 0.04% | −0.00 |
| SCHX Schwab US Large-Cap ETF | Reduce -1.7% | 0.04% | −0.00 |
| HCA HCA Healthcare Inc. | Reduce -6.6% | 0.04% | −0.00 |
| GILD Gilead Sciences Inc. | Reduce -0.1% | 0.83% | +0.03 |
| GOOG Alphabet Inc. Class C | Reduce -3.9% | 0.29% | +0.04 |
| SOXX iShares Semiconductor ETF | Reduce -0.7% | 1.72% | +0.07 |
| WAT Waters Corp. | Reduce -0.1% | 0.75% | +0.12 |
| CAT Caterpillar Inc. | Reduce -3.1% | 1.71% | +0.15 |
| GOOGL Alphabet Inc. Class A | Reduce -6.4% | 2.53% | +0.30 |
Portfolio Buys Q3 2025 → Q4 2025
| XFIV Bondbloxx BBG 5 YR US Treas | Add +111.1% | 2.05% | +1.02 |
| META Meta Platforms Inc. Class A | Add +1420.3% | 0.91% | +0.84 |
| DRI Darden Restaurants Inc. | New | 0.69% | +0.69 |
| CFG Citizens Financial Group | New | 0.53% | +0.53 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.52% | +0.52 |
| SCIO FT Struct Credit Inc. Opp ETF | New | 0.32% | +0.32 |
| XSMO Invesco S&P Smallcap Momentu | New | 0.31% | +0.31 |
| XLV SS Health Care Select Sector | New | 0.23% | +0.23 |
| BSCU Invesco Bulletshares 2030 CB | Add +16.4% | 2.44% | +0.22 |
| BSCW Invesco Bulletshares 2032 CB | Add +20.8% | 1.77% | +0.22 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +88.7% | 0.31% | +0.14 |
| LLY Eli Lilly & Co. | Add +5.0% | 0.47% | +0.13 |
| HYDB iShares High Yield Systemati | Add +11.8% | 2.73% | +0.12 |
| OEF iShares S&P 100 ETF | Add +28.3% | 0.53% | +0.10 |
| AMGN Amgen Inc. | Add +3.8% | 0.87% | +0.10 |
| XLK SS Technology Select Sector | Add +15.5% | 0.89% | +0.09 |
| FISV Fiserv Inc. | New | 0.09% | +0.09 |
| FTSL First Trust Senior Loan ETF | Add +9.1% | 2.86% | +0.08 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.07% | +0.07 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +71.2% | 0.17% | +0.07 |
| IVV iShares Core S&P 500 ETF | Add +31.7% | 0.32% | +0.07 |
| MS Morgan Stanley | Add +2.4% | 0.93% | +0.07 |
| VB Vanguard Most SM-Cap ETF-Usd | New | 0.06% | +0.06 |
| IWV iShares Russell 3000 ETF | New | 0.05% | +0.05 |
| XLF SS Financial Select Sector | Add +17.3% | 0.40% | +0.04 |
| VEA Vanguard Ftse Developed ETF | New | 0.04% | +0.04 |
| XLI SS Industrial Select Sector | Add +17.4% | 0.35% | +0.04 |
| AMZN Amazon.com Inc. | Add +3.8% | 1.27% | +0.04 |
| AAPL Apple Inc. | Add +0.6% | 2.53% | +0.03 |
| RSP Invesco S&P 500 Equal Weight | New | 0.03% | +0.03 |
| XOM Exxon Mobil Corp. | Add +2.5% | 1.03% | +0.03 |
| IEFA iShares Core MSCI Eafe ETF | Add +7.4% | 0.87% | +0.03 |
| VIG Vanguard Dividend Apprec ETF | Add +97.6% | 0.06% | +0.03 |
| MRK Merck & Co. Inc. | New | 0.03% | +0.03 |
| WMT Walmart Inc. | Add +0.2% | 1.34% | +0.03 |
| IWF iShares Russell 1000 Growth | Add +20.3% | 0.22% | +0.03 |
| EPI Wisdomtree India Earnings | Add +3.3% | 1.35% | +0.03 |
| ING ING Groep N.V.-Sponsored ADR | Add +1.0% | 1.06% | +0.02 |
| SCHF Schwab Intl Equity ETF | Add +4.4% | 1.39% | +0.02 |
| XLY SS Consumer Disc Select Sect | Add +15.6% | 0.29% | +0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +17.9% | 0.24% | +0.02 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +7.8% | 1.00% | +0.01 |
| SPGI S&P Global Inc. | Add +0.0% | 1.07% | +0.01 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +11.5% | 0.30% | +0.01 |
| GOVT iShares US Treasury Bond ETF | Add +7.8% | 0.69% | +0.01 |
| IBM Intl Business Machines Corp. | Add +1.7% | 1.12% | +0.01 |
| GLD SPDR Gold Shares | Add +4.7% | 0.04% | +0.00 |
| JNJ Johnson & Johnson | Add +5.0% | 0.04% | +0.00 |
| MDY State Street SPDR S&P Midcap | Add +6.3% | 0.19% | +0.00 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +8.6% | 0.05% | +0.00 |
Options Activity Q3 2025 → Q4 2025
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
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 |