Carnegie Investment Counsel
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 30, 2026), Carnegie Investment Counsel reported 547 stock positions worth $5.0 billion. Its top holding was Alphabet Class A (GOOGL) at 3.8% of the portfolio, followed by Apple (AAPL, 3.5%) and Microsoft (MSFT, 2.9%). Compared with Q1 2026, it opened 31 new positions, sold out of 44, added to 114 and reduced 326. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +307%) and the biggest sale Zoetis (ZTS, shares −77%).
- Most Recent 13F
- Q2 2026
- Location
- PEPPER PIKE, OH
- CIK
- 0001511506
- Portfolio Value
- $5.0B (Q2 2026)
- SEC Filing
- 0001511506-26-000005 ↗ filed Jul 30, 2026
Holdings Value
Holdings 547 stocks · $5.0B
| GOOGL Alphabet Inc. Class A | 3.80% | 539,742 | $189.9M | Reduce -10.4% |
| AAPL Apple Inc. | 3.52% | 607,488 | $175.8M | Reduce -8.6% |
| MSFT Microsoft Corp. | 2.92% | 396,759 | $145.9M | Reduce -7.5% |
| AVGO Broadcom Inc. | 2.59% | 348,714 | $129.4M | Reduce -4.1% |
| JPM JPMorgan Chase & Co. | 2.40% | 375,035 | $119.9M | Reduce -10.9% |
| NVDA Nvidia Corp. | 2.18% | 544,093 | $108.9M | Reduce -16.6% |
| AMZN Amazon.com Inc. | 2.06% | 432,031 | $103.0M | Reduce -10.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.93% | 196,097 | $96.3M | Reduce -1.0% |
| AMAT Applied Materials Inc. | 1.62% | 111,680 | $80.7M | Reduce -32.6% |
| META Meta Platforms Inc. Class A | 1.57% | 142,799 | $78.3M | Reduce -12.8% |
| GOOG Alphabet Inc. Class C | 1.55% | 218,905 | $77.3M | Reduce -5.3% |
| ETN Eaton Corp. PLC | 1.41% | 165,555 | $70.5M | Reduce -13.8% |
| SYK Stryker Corp. | 1.41% | 228,574 | $70.2M | Reduce -5.9% |
| MA Mastercard Inc. Class A | 1.40% | 140,541 | $69.8M | Reduce -2.0% |
| SCHW Schwab (charles) Corp. | 1.34% | 745,872 | $66.9M | Reduce -11.6% |
| XLK SS Technology Select Sector | 1.32% | 344,853 | $65.7M | Reduce -1.9% |
| CB Chubb Ltd. | 1.28% | 192,437 | $63.8M | Add +19.7% |
| PGR Progressive Corp. | 1.16% | 264,332 | $57.7M | Reduce -7.3% |
| V Visa Inc. Class A | 1.10% | 160,515 | $55.1M | Reduce -12.6% |
| SPTI SS SPDR P Int Term TSY ETF | 1.05% | 1,843,779 | $52.3M | Reduce -0.1% |
| IQLT iShares MSCI International Q | 1.01% | 1,014,957 | $50.3M | Add +7.1% |
| HD Home Depot Inc. | 0.97% | 142,423 | $48.2M | Reduce -7.7% |
| LNT Alliant Energy Corp. | 0.95% | 649,377 | $47.4M | Add +1.7% |
| SHW The Sherwin-Williams Co. | 0.95% | 137,060 | $47.2M | Reduce -10.4% |
| ABBV Abbvie Inc. | 0.88% | 182,419 | $43.7M | Add +0.2% |
| ORLY O'reilly Automotive Inc. | 0.86% | 488,052 | $43.1M | Reduce -1.0% |
| UNH Unitedhealth Group Inc. | 0.77% | 96,955 | $38.6M | Reduce -7.5% |
| RTX RTX Corp. | 0.76% | 213,435 | $38.2M | Reduce -1.3% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.76% | 430,630 | $37.8M | Add +6.9% |
| SPIB SS SPDR P Int C Corp. ETF | 0.76% | 1,126,579 | $37.7M | Reduce -0.2% |
| AMGN Amgen Inc. | 0.75% | 103,528 | $37.5M | Reduce -3.5% |
| ECL Ecolab Inc. | 0.75% | 133,818 | $37.3M | Add +0.0% |
| NSC Norfolk Southern Corp. | 0.74% | 123,694 | $36.9M | Reduce -1.6% |
| NEE Nextera Energy Inc. | 0.71% | 406,002 | $35.6M | Reduce -10.0% |
| PG The Procter & Gamble Co. | 0.71% | 252,406 | $35.6M | Add +289.4% |
| BLK BlackRock Inc. | 0.69% | 37,385 | $34.3M | Reduce -13.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.68% | 45,278 | $33.8M | Reduce -16.8% |
| PSA Public Storage | 0.68% | 111,466 | $33.8M | Reduce -0.4% |
| JNJ Johnson & Johnson | 0.67% | 132,112 | $33.6M | Add +5.2% |
| CME Cme Group Inc. | 0.67% | 159,681 | $33.5M | Reduce -1.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.67% | 73,641 | $33.5M | Add +307.2% |
| VZ Verizon Communications Inc. | 0.66% | 819,386 | $32.9M | Reduce -2.5% |
| BAC Bank of America Corp. | 0.65% | 599,944 | $32.6M | Reduce -4.2% |
| COST Costco Wholesale Corp. | 0.63% | 33,613 | $31.4M | Reduce -6.2% |
| CSCO Cisco Systems Inc. | 0.63% | 266,044 | $31.2M | Reduce -12.6% |
| CASY Casey's General Stores Inc. | 0.62% | 39,023 | $31.0M | Reduce -22.9% |
| DCI Donaldson Co. Inc. | 0.62% | 358,083 | $30.9M | Reduce -1.6% |
| DECK Deckers Outdoor Corp. | 0.61% | 323,708 | $30.4M | Add +0.1% |
| LOW Lowe's Cos Inc. | 0.60% | 135,238 | $29.8M | Reduce -12.0% |
| VGSH Vanguard Short-Term Treasury | 0.59% | 508,786 | $29.6M | Reduce -3.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.58% | 190,043 | $28.8M | Add +0.2% |
| KMI Kinder Morgan Inc. | 0.54% | 838,492 | $26.8M | Add +3.0% |
| ULTA Ulta Beauty Inc. | 0.52% | 60,845 | $26.1M | Add +0.5% |
| TEL Te Connectivity PLC | 0.50% | 124,863 | $25.2M | Add +19.6% |
| CSX CSX Corp. | 0.49% | 510,907 | $24.3M | Reduce -4.3% |
| CVX Chevron Corp. | 0.49% | 146,341 | $24.3M | Reduce -7.7% |
| NOC Northrop Grumman Corp. | 0.48% | 47,515 | $24.2M | Reduce -6.4% |
| MBB iShares MBS ETF | 0.48% | 251,825 | $23.8M | Reduce -1.9% |
| UNP Union Pacific Corp. | 0.48% | 87,248 | $23.7M | Reduce -0.3% |
| QCOM Qualcomm Inc. | 0.47% | 127,477 | $23.6M | Reduce -65.5% |
| UBER Uber Technologies Inc. | 0.46% | 315,131 | $22.7M | Reduce -46.3% |
| GEV GE Vernova Inc. | 0.46% | 19,345 | $22.7M | Reduce -34.9% |
| ROK Rockwell Automation Inc. | 0.45% | 45,592 | $22.6M | Reduce -13.2% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.45% | 29,400 | $22.4M | Reduce -27.7% |
| WMT Walmart Inc. | 0.45% | 198,076 | $22.4M | Reduce -3.6% |
| VOO Vanguard S&P 500 ETF | 0.45% | 32,596 | $22.4M | Reduce -4.4% |
| KNSL Kinsale Capital Group Inc. | 0.44% | 66,354 | $21.9M | Add +5.5% |
| ABT Abbott Laboratories | 0.43% | 251,518 | $21.6M | Reduce -25.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.42% | 259,117 | $20.9M | Add +0.6% |
| PAC Grupo Aeroportuario Pac-ADR | 0.41% | 81,091 | $20.5M | Reduce 0.0% |
| VIG Vanguard Dividend Apprec ETF | 0.40% | 85,341 | $20.2M | Reduce -10.4% |
| SO The Southern Co. | 0.40% | 207,587 | $19.9M | Reduce -2.8% |
| LECO Lincoln Electric Holdings | 0.39% | 73,610 | $19.5M | Reduce -1.4% |
| SUB iShares Short-Term National | 0.39% | 183,174 | $19.5M | Reduce -3.9% |
| PM Philip Morris International | 0.38% | 105,172 | $19.0M | Reduce -1.7% |
| IBTH iShares Ibonds Dec 2027 Term | 0.38% | 840,789 | $18.8M | Add +14.5% |
| XLI SS Industrial Select Sector | 0.37% | 100,116 | $18.5M | Reduce -0.5% |
| TMO Thermo Fisher Scientific Inc. | 0.36% | 35,925 | $18.0M | Reduce -14.2% |
| IBTG iShares Ibonds Dec 2026 Term | 0.36% | 775,246 | $17.7M | Reduce -7.9% |
| KO The Coca-Cola Co. | 0.35% | 217,150 | $17.6M | Reduce -5.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.34% | 335,119 | $17.0M | Reduce -4.2% |
| SCHD Schwab US DVD Equity ETF | 0.34% | 530,769 | $16.8M | Add +14.8% |
| SCHP Schwab U.S. Tips ETF | 0.33% | 623,683 | $16.5M | Reduce -2.0% |
| RSG Republic Services Inc. | 0.32% | 76,004 | $16.2M | Add +27.0% |
| XLF SS Financial Select Sector | 0.32% | 301,516 | $16.2M | Reduce -1.7% |
| WPC WP Carey Inc. | 0.32% | 224,344 | $16.0M | Add +4.3% |
| ANET Arista Networks Inc. | 0.32% | 93,547 | $15.9M | Reduce -39.1% |
| EMR Emerson Electric Co. | 0.32% | 110,931 | $15.9M | Reduce -5.9% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.32% | 132,225 | $15.7M | Reduce -0.6% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.31% | 272,291 | $15.7M | Reduce -0.5% |
| OEF iShares S&P 100 ETF | 0.31% | 41,778 | $15.3M | Reduce -0.1% |
| POWL Powell Industries Inc. | 0.30% | 51,852 | $14.8M | Reduce -52.5% |
| URI United Rentals Inc. | 0.30% | 13,051 | $14.8M | Reduce -1.8% |
| VTIP Vanguard Short-Term Tips | 0.29% | 287,233 | $14.4M | Reduce -2.6% |
| SNPS Synopsys Inc. | 0.29% | 32,263 | $14.4M | Add +85.9% |
| CMI Cummins Inc. | 0.28% | 19,949 | $14.2M | Reduce -3.2% |
| TW Tradeweb Markets Inc. Class A | 0.28% | 139,442 | $13.9M | Reduce -12.3% |
| GLW Corning Inc. | 0.28% | 54,324 | $13.9M | Reduce -20.0% |
| DE Deere & Co. | 0.28% | 21,702 | $13.8M | Reduce -14.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.28% | 18,692 | $13.8M | Reduce -1.9% |
Portfolio Sells Q1 2026 → Q2 2026
| ZTS Zoetis Inc. | Reduce -76.8% | 0.11% | −0.63 |
| KRMN Karman Holdings Inc. | Reduce -97.7% | 0.01% | −0.51 |
| QCOM Qualcomm Inc. | Reduce -65.5% | 0.47% | −0.43 |
| NET Cloudflare Inc. Class A | Reduce -83.0% | 0.11% | −0.42 |
| RDDT Reddit Inc. Class A | Reduce -85.4% | 0.09% | −0.39 |
| UBER Uber Technologies Inc. | Reduce -46.3% | 0.46% | −0.37 |
| IGV iShares Expanded Tech-Softwa | Reduce -95.7% | 0.02% | −0.34 |
| CRDO Credo Technology Group Holdi | Reduce -96.6% | 0.03% | −0.25 |
| ABT Abbott Laboratories | Reduce -25.9% | 0.43% | −0.22 |
| GRAL Grail Inc. | Sold out | 0.00% | −0.22 |
| CME Cme Group Inc. | Reduce -1.7% | 0.67% | −0.22 |
| META Meta Platforms Inc. Class A | Reduce -12.8% | 1.57% | −0.21 |
| OTIS Otis Worldwide Corp. | Reduce -58.1% | 0.14% | −0.21 |
| NOC Northrop Grumman Corp. | Reduce -6.4% | 0.48% | −0.19 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -95.3% | 0.01% | −0.17 |
| SCHW Schwab (charles) Corp. | Reduce -11.6% | 1.34% | −0.17 |
| ALAB Astera Labs Inc. | Reduce -99.0% | 0.01% | −0.16 |
| WING Wingstop Inc. | Reduce -78.3% | 0.05% | −0.16 |
| CVX Chevron Corp. | Reduce -7.7% | 0.49% | −0.15 |
| HOOD Robinhood Markets Inc. Class A | Reduce -92.4% | 0.02% | −0.15 |
| POST Post Holdings Inc. | Reduce -47.4% | 0.14% | −0.15 |
| PYPL PayPal Holdings Inc. | Reduce -93.5% | 0.01% | −0.14 |
| COIN Coinbase Global Inc. Class A | Reduce -59.7% | 0.07% | −0.14 |
| CRCL Circle Internet Group Inc. | Sold out | 0.00% | −0.14 |
| Q Qnity Electronics Inc. | Reduce -97.3% | 0.01% | −0.13 |
| MSFT Microsoft Corp. | Reduce -7.5% | 2.92% | −0.13 |
| MRSH Marsh & McLennan Cos | Reduce -80.6% | 0.03% | −0.13 |
| VZ Verizon Communications Inc. | Reduce -2.5% | 0.66% | −0.12 |
| SYK Stryker Corp. | Reduce -5.9% | 1.41% | −0.11 |
| LOW Lowe's Cos Inc. | Reduce -12.0% | 0.60% | −0.11 |
| PEP Pepsico Inc. | Reduce -43.8% | 0.11% | −0.11 |
| KRE SS SPDR S&P Regional Bank | Reduce -88.8% | 0.02% | −0.10 |
| NEE Nextera Energy Inc. | Reduce -10.0% | 0.71% | −0.10 |
| CASY Casey's General Stores Inc. | Reduce -22.9% | 0.62% | −0.10 |
| BLK BlackRock Inc. | Reduce -13.5% | 0.69% | −0.09 |
| IONQ Ionq Inc. | Reduce -96.3% | 0.01% | −0.09 |
| POWL Powell Industries Inc. | Reduce -52.5% | 0.30% | −0.09 |
| TW Tradeweb Markets Inc. Class A | Reduce -12.3% | 0.28% | −0.09 |
| TMUS T-Mobile US Inc. | Reduce -25.4% | 0.11% | −0.07 |
| COST Costco Wholesale Corp. | Reduce -6.2% | 0.63% | −0.07 |
| XOM Exxon Mobil Corp. | Reduce -6.7% | 0.22% | −0.06 |
| HII Huntington Ingalls Industrie | Reduce -1.4% | 0.19% | −0.06 |
| PKG Packaging Corp. of America | Reduce -91.4% | 0.01% | −0.06 |
| TSCO Tractor Supply Company | Reduce -1.1% | 0.15% | −0.06 |
| SHOP Shopify Inc. Class A | Reduce -17.4% | 0.26% | −0.06 |
| HBAN Huntington Bancshares Inc. | Reduce -40.9% | 0.12% | −0.06 |
| MTD Mettler-Toledo International | Reduce -21.9% | 0.24% | −0.05 |
| IWO iShares Russell 2000 Growth | Reduce -81.7% | 0.02% | −0.05 |
| VCIT Vanguard Int-Term Corporate | Reduce -80.3% | 0.01% | −0.05 |
| GEV GE Vernova Inc. | Reduce -34.9% | 0.46% | −0.05 |
Portfolio Buys Q1 2026 → Q2 2026
| TSM Taiwan Semiconductor-SP ADR | Add +307.2% | 0.67% | +0.55 |
| PG The Procter & Gamble Co. | Add +289.4% | 0.71% | +0.53 |
| CB Chubb Ltd. | Add +19.7% | 1.28% | +0.29 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +6.9% | 0.76% | +0.16 |
| SNPS Synopsys Inc. | Add +85.9% | 0.29% | +0.15 |
| IQLT iShares MSCI International Q | Add +7.1% | 1.01% | +0.15 |
| ABBV Abbvie Inc. | Add +0.2% | 0.88% | +0.14 |
| LNT Alliant Energy Corp. | Add +1.7% | 0.95% | +0.10 |
| TEL Te Connectivity PLC | Add +19.6% | 0.50% | +0.08 |
| JNJ Johnson & Johnson | Add +5.2% | 0.67% | +0.07 |
| EWY iShares MSCI South Korea ETF | New | 0.07% | +0.07 |
| RSG Republic Services Inc. | Add +27.0% | 0.32% | +0.07 |
| QQQM Invesco Nasdaq 100 ETF | Add +14.7% | 0.20% | +0.07 |
| BSV Vanguard Short-Term Bond ETF | Add +88.5% | 0.13% | +0.06 |
| AEP American Electric Power | Add +67.3% | 0.14% | +0.06 |
| TAP Molson Coors Beverage Co. Class B | New | 0.06% | +0.06 |
| PKE Park Aerospace Corp. | New | 0.06% | +0.06 |
| SGOV iShares 0-3 Month Treasury B | Add +33.0% | 0.23% | +0.06 |
| SCHD Schwab US DVD Equity ETF | Add +14.8% | 0.34% | +0.06 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.6% | 0.42% | +0.06 |
| IBTH iShares Ibonds Dec 2027 Term | Add +14.5% | 0.38% | +0.06 |
| KDP Keurig Dr Pepper Inc. | Add +761.3% | 0.06% | +0.05 |
| ECL Ecolab Inc. | Add +0.0% | 0.75% | +0.05 |
| OMC Omnicom Group | Add +137.9% | 0.08% | +0.05 |
| WSO Watsco Inc. | Add +2.6% | 0.25% | +0.04 |
| CAT Caterpillar Inc. | Add +15.2% | 0.10% | +0.04 |
| MDY State Street SPDR S&P Midcap | Add +0.6% | 0.27% | +0.04 |
| WPC WP Carey Inc. | Add +4.3% | 0.32% | +0.04 |
| CNS Cohen & Steers Inc. | Add +658.4% | 0.04% | +0.04 |
| IMCB iShares Morningstar Mid-Cap | Add +13.7% | 0.13% | +0.03 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +3.5% | 0.19% | +0.03 |
| AKAM Akamai Technologies Inc. | Add +10.7% | 0.21% | +0.03 |
| BSCW Invesco Bulletshares 2032 CB | Add +88.5% | 0.06% | +0.03 |
| BILS SS Spdrb B 3-12M T-Bill ETF | New | 0.03% | +0.03 |
| XLY SS Consumer Disc Select Sect | Add +5.0% | 0.19% | +0.03 |
| BSCT Invesco Bulletshares 2029 CB | Add +19.9% | 0.14% | +0.03 |
| AGX Argan Inc. | Add +0.8% | 0.07% | +0.02 |
| BMO Bank of Montreal | Add +1.3% | 0.09% | +0.02 |
| BSCU Invesco Bulletshares 2030 CB | Add +25.7% | 0.10% | +0.02 |
| BSCS Invesco Bulletshares 2028 CB | Add +13.4% | 0.16% | +0.02 |
| PFFD Global X US Preferred ETF | Add +7.4% | 0.20% | +0.02 |
| T AT&T Inc. | Add +142.2% | 0.05% | +0.02 |
| BSCV Invesco Bulletshares 2031 CB | Add +50.7% | 0.06% | +0.02 |
| AKRE Akre Focus ETF | New | 0.02% | +0.02 |
| KNSL Kinsale Capital Group Inc. | Add +5.5% | 0.44% | +0.02 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +13.3% | 0.08% | +0.02 |
| OHI Omega Healthcare Investors | New | 0.02% | +0.02 |
| DECK Deckers Outdoor Corp. | Add +0.1% | 0.61% | +0.02 |
| CGDV Cap Group Dividend Value | Add +167.9% | 0.02% | +0.01 |
| STE Steris PLC | Add +8.1% | 0.26% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 547 | $5.0B | GOOGL, AAPL, MSFT, AVGO, JPM |
| Q1 2026 | 559 | $5.1B | GOOGL, AAPL, MSFT, JPM, NVDA |
| Q4 2025 | 564 | $5.4B | MSFT, GOOGL, AAPL, JPM, NVDA |
| Q3 2025 | 551 | $5.3B | MSFT, AAPL, GOOGL, NVDA, AVGO |
| Q2 2025 | 541 | $5.0B | MSFT, AAPL, META, JPM, GOOGL |
| Q1 2025 | 482 | $4.2B | MSFT, AAPL, BRK.B, GOOGL, JPM |
| Q4 2024 | 455 | $3.5B | AAPL, MSFT, NVDA, AMZN, JPM |
| Q3 2024 | 463 | $3.4B | AAPL, MSFT, NVDA, AMZN, BRK.B |
| Q2 2024 | 466 | $3.2B | AAPL, MSFT, NVDA, AMZN, GOOGL |
| Q1 2024 | 492 | $3.2B | AAPL, MSFT, NVDA, AMZN, BRK.B |