Carnegie Investment Counsel
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 22, 2024), Carnegie Investment Counsel reported 466 stock positions worth $3.2 billion. Its top holding was Apple (AAPL) at 4.3% of the portfolio, followed by Microsoft (MSFT, 3.8%) and Nvidia (NVDA, 3.5%). Compared with Q1 2024, it opened 14 new positions, sold out of 41, added to 137 and reduced 253. The biggest buy was Applied Materials (AMAT, shares +35%) and the biggest sale Gxo Logistics (GXO, shares −31%).
- Most Recent 13F
- Q2 2026
- Location
- PEPPER PIKE, OH
- CIK
- 0001511506
- Portfolio Value
- $3.2B (Q2 2024)
- SEC Filing
- 0001085146-24-003127 ↗ filed Jul 22, 2024
Holdings Value
Holdings 466 stocks · $3.2B
| AAPL Apple Inc. | 4.30% | 654,966 | $137.9M | Reduce -3.4% |
| MSFT Microsoft Corp. | 3.76% | 270,242 | $120.8M | Reduce -1.3% |
| NVDA Nvidia Corp. | 3.47% | 902,440 | $111.5M | Reduce -5.4% |
| AMZN Amazon.com Inc. | 2.61% | 433,240 | $83.7M | Add +0.9% |
| GOOGL Alphabet Inc. Class A | 2.41% | 423,727 | $77.2M | Reduce -3.4% |
| JPM JPMorgan Chase & Co. | 2.22% | 352,165 | $71.2M | Reduce -1.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.10% | 165,770 | $67.4M | Reduce -5.1% |
| PGR Progressive Corp. | 1.81% | 279,156 | $58.0M | Reduce -1.1% |
| ETN Eaton Corp. PLC | 1.73% | 177,181 | $55.6M | Reduce -5.0% |
| SHW The Sherwin-Williams Co. | 1.59% | 171,044 | $51.0M | Add +2.5% |
| MA Mastercard Inc. Class A | 1.58% | 115,225 | $50.8M | Add +0.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.47% | 86,953 | $47.3M | Reduce -2.8% |
| GOOG Alphabet Inc. Class C | 1.42% | 248,106 | $45.5M | Reduce -2.0% |
| META Meta Platforms Inc. Class A | 1.30% | 83,036 | $41.9M | Reduce -2.5% |
| ADBE Adobe Inc. | 1.24% | 71,853 | $39.9M | Add +7.7% |
| SYK Stryker Corp. | 1.22% | 115,196 | $39.2M | Add +13.9% |
| XLK SS Technology Select Sector | 1.19% | 169,081 | $38.3M | Reduce -1.8% |
| LOW Lowe's Cos Inc. | 1.05% | 153,009 | $33.7M | Add +2.8% |
| SCHW Schwab (charles) Corp. | 1.04% | 453,365 | $33.4M | Add +4.2% |
| QCOM Qualcomm Inc. | 1.01% | 162,443 | $32.4M | Reduce -0.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.95% | 214,566 | $30.6M | Add +1.1% |
| TMO Thermo Fisher Scientific Inc. | 0.95% | 54,853 | $30.3M | Add +7.5% |
| COST Costco Wholesale Corp. | 0.94% | 35,638 | $30.3M | Add +0.4% |
| AMGN Amgen Inc. | 0.93% | 95,760 | $29.9M | Add +2.2% |
| PEP Pepsico Inc. | 0.90% | 176,004 | $29.0M | Add +2.4% |
| AVGO Broadcom Inc. | 0.90% | 17,938 | $28.8M | Add +4.8% |
| NEE Nextera Energy Inc. | 0.89% | 401,799 | $28.5M | Add +3.6% |
| ANSS Ansys Inc. | 0.87% | 86,743 | $27.9M | Add +21.6% |
| ECL Ecolab Inc. | 0.86% | 116,361 | $27.7M | Add +0.9% |
| ZTS Zoetis Inc. | 0.85% | 157,577 | $27.3M | Reduce -12.4% |
| ACN Accenture PLC Class A | 0.85% | 89,959 | $27.3M | Add +2.4% |
| AMAT Applied Materials Inc. | 0.82% | 111,843 | $26.4M | Add +34.8% |
| UNP Union Pacific Corp. | 0.81% | 114,829 | $26.0M | Add +2.2% |
| NOC Northrop Grumman Corp. | 0.79% | 58,459 | $25.5M | Add +19.6% |
| ROK Rockwell Automation Inc. | 0.79% | 92,269 | $25.4M | Reduce -0.4% |
| V Visa Inc. Class A | 0.79% | 96,375 | $25.3M | Reduce -1.0% |
| AMT American Tower Corp. | 0.73% | 120,089 | $23.3M | Reduce -1.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.71% | 205,585 | $22.6M | Add +3.7% |
| BLK BlackRock Finance Inc. | 0.70% | 28,704 | $22.6M | Add +0.3% |
| CVX Chevron Corp. | 0.70% | 143,249 | $22.4M | Add +4.5% |
| IQLT iShares MSCI International Q | 0.67% | 547,576 | $21.4M | Add +3.5% |
| ABT Abbott Laboratories | 0.64% | 196,657 | $20.4M | Reduce -2.9% |
| KNSL Kinsale Capital Group Inc. | 0.62% | 51,645 | $19.9M | Add +31.0% |
| JNJ Johnson & Johnson | 0.61% | 134,271 | $19.6M | Reduce -16.4% |
| CSX CSX Corp. | 0.61% | 585,472 | $19.6M | Add +3.1% |
| MTD Mettler-Toledo International | 0.61% | 13,963 | $19.5M | Add +0.8% |
| DKNG Draftkings Inc. Class A | 0.60% | 504,675 | $19.3M | Reduce -2.8% |
| MRSH Marsh & McLennan Cos | 0.59% | 89,709 | $18.9M | Add +3.9% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.56% | 1,384,330 | $17.8M | Reduce -4.5% |
| VIG Vanguard Dividend Apprec ETF | 0.56% | 97,626 | $17.8M | Reduce -10.9% |
| OTIS Otis Worldwide Corp. | 0.53% | 177,891 | $17.1M | Add +1.9% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.53% | 266,873 | $17.1M | Add +1.2% |
| TEL Te Connectivity Ltd. | 0.52% | 111,386 | $16.8M | Reduce -2.9% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.51% | 206,044 | $16.5M | Reduce -2.0% |
| HD Home Depot Inc. | 0.50% | 46,790 | $16.1M | Reduce -3.8% |
| WSO Watsco Inc. | 0.49% | 33,807 | $15.7M | Reduce -0.3% |
| VOO Vanguard S&P 500 ETF | 0.47% | 30,399 | $15.2M | Reduce -0.1% |
| RSG Republic Services Inc. | 0.45% | 74,267 | $14.4M | Reduce -1.3% |
| WMT Walmart Inc. | 0.45% | 213,022 | $14.4M | Reduce -2.6% |
| CHD Church & Dwight Co. Inc. | 0.45% | 138,542 | $14.4M | Reduce -3.4% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.43% | 334,800 | $13.9M | Add +3.4% |
| CSCO Cisco Systems Inc. | 0.43% | 291,604 | $13.9M | Reduce -25.6% |
| NET Cloudflare Inc. Class A | 0.43% | 165,268 | $13.7M | Add +6.5% |
| NKE Nike Inc. Class B | 0.43% | 181,448 | $13.7M | Reduce -3.1% |
| ZBRA Zebra Technologies Corp. Class A | 0.42% | 43,876 | $13.6M | Add +6.5% |
| GPC Genuine Parts Co. | 0.42% | 96,837 | $13.4M | Add +22.9% |
| DE Deere & Co. | 0.42% | 35,654 | $13.3M | Reduce -23.1% |
| LMT Lockheed Martin Corp. | 0.41% | 28,507 | $13.3M | Reduce -2.3% |
| UNH Unitedhealth Group Inc. | 0.41% | 25,849 | $13.2M | Reduce -15.9% |
| CTAS Cintas Corp. | 0.41% | 18,618 | $13.0M | Reduce -2.6% |
| MDY State Street SPDR S&P Midcap | 0.41% | 24,319 | $13.0M | Reduce -3.1% |
| TW Tradeweb Markets Inc. Class A | 0.40% | 122,532 | $13.0M | Add +6.5% |
| XLF SS Financial Select Sector | 0.40% | 310,390 | $12.8M | Reduce -2.3% |
| TMUS T-Mobile US Inc. | 0.40% | 72,077 | $12.7M | Add +4.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.38% | 50,809 | $12.3M | Reduce -2.5% |
| KMI Kinder Morgan Inc. | 0.38% | 617,224 | $12.3M | Add +4.7% |
| IBTF iShares Ibonds Dec 2025 Term | 0.38% | 523,599 | $12.2M | Add +9.1% |
| STE Steris PLC | 0.37% | 54,708 | $12.0M | Add +5.6% |
| XLV SS Health Care Select Sector | 0.36% | 80,143 | $11.7M | Add +1.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.36% | 24,255 | $11.6M | Reduce -4.8% |
| RTX RTX Corp. | 0.35% | 112,869 | $11.3M | Add +2.7% |
| GXO Gxo Logistics Inc. | 0.35% | 220,886 | $11.2M | Reduce -31.4% |
| PYPL PayPal Holdings Inc. | 0.35% | 192,184 | $11.2M | Add +2.1% |
| PG The Procter & Gamble Co. | 0.34% | 65,295 | $10.8M | Reduce -5.9% |
| WING Wingstop Inc. | 0.34% | 25,431 | $10.7M | Reduce -7.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.33% | 269,610 | $10.7M | Reduce -0.6% |
| PM Philip Morris International | 0.32% | 100,720 | $10.2M | Reduce -2.9% |
| SHOP Shopify Inc. Class A | 0.32% | 154,341 | $10.2M | Add +6.8% |
| WM Waste Management Inc. | 0.31% | 46,907 | $10.0M | Reduce -1.0% |
| OEF iShares S&P 100 ETF | 0.31% | 37,808 | $10.0M | Add +4.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.30% | 97,656 | $9.7M | Reduce -5.3% |
| MAS Masco Corp. | 0.30% | 144,730 | $9.6M | Add +0.1% |
| CB Chubb Ltd. | 0.30% | 37,380 | $9.5M | Add +23.7% |
| CRDO Credo Technology Group Holdi | 0.29% | 290,650 | $9.3M | Reduce -0.9% |
| RSP Invesco S&P 500 Equal Weight | 0.29% | 56,477 | $9.3M | Add +0.2% |
| MCD McDonald's Corp. | 0.27% | 34,427 | $8.8M | Reduce -8.1% |
| CASY Casey's General Stores Inc. | 0.27% | 22,733 | $8.7M | Add +257.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.27% | 32,212 | $8.6M | Reduce -13.5% |
| XBI SS SPDR S&P Biotech ETF | 0.27% | 92,448 | $8.6M | Add +10.9% |
| URI United Rentals Inc. | 0.26% | 13,070 | $8.5M | Add +7.3% |
Portfolio Sells Q1 2024 → Q2 2024
| GXO Gxo Logistics Inc. | Reduce -31.4% | 0.35% | −0.19 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.1% | 2.10% | −0.19 |
| JNJ Johnson & Johnson | Reduce -16.4% | 0.61% | −0.18 |
| DE Deere & Co. | Reduce -23.1% | 0.42% | −0.18 |
| CSCO Cisco Systems Inc. | Reduce -25.6% | 0.43% | −0.18 |
| SPT Sprout Social Inc. Class A | Reduce -60.9% | 0.05% | −0.17 |
| PATH Uipath Inc. Class A | Reduce -69.3% | 0.03% | −0.16 |
| PGNY Progyny Inc. | Reduce -27.6% | 0.17% | −0.15 |
| DKNG Draftkings Inc. Class A | Reduce -2.8% | 0.60% | −0.13 |
| NKE Nike Inc. Class B | Reduce -3.1% | 0.43% | −0.12 |
| IWD iShares Russell 1000 Value E | Reduce -88.8% | 0.01% | −0.10 |
| ZTS Zoetis Inc. | Reduce -12.4% | 0.85% | −0.10 |
| SCHG Schwab US Large-Cap Growth | Reduce -88.8% | 0.01% | −0.09 |
| DIS The Walt Disney Co. | Reduce -5.3% | 0.30% | −0.09 |
| COIN Coinbase Global Inc. Class A | Reduce -11.9% | 0.26% | −0.09 |
| ETN Eaton Corp. PLC | Reduce -5.0% | 1.73% | −0.08 |
| IONQ Ionq Inc. | Sold out | 0.00% | −0.08 |
| DT Dynatrace Inc. | Reduce -50.3% | 0.08% | −0.08 |
| ABT Abbott Laboratories | Reduce -2.9% | 0.64% | −0.08 |
| HD Home Depot Inc. | Reduce -3.8% | 0.50% | −0.08 |
| QS Quantumscape Corp. | Reduce -39.8% | 0.07% | −0.07 |
| VIG Vanguard Dividend Apprec ETF | Reduce -10.9% | 0.56% | −0.07 |
| HON Honeywell International Inc. | Reduce -25.8% | 0.22% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -15.9% | 0.41% | −0.06 |
| USB US Bancorp | Reduce -19.9% | 0.15% | −0.06 |
| MOAT Vaneck Morningstar Wide Moat | Sold out | 0.00% | −0.06 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -31.7% | 0.08% | −0.06 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.06 |
| TAN Invesco Solar ETF | Reduce -20.4% | 0.14% | −0.06 |
| V Visa Inc. Class A | Reduce -1.0% | 0.79% | −0.06 |
| CGDV Cap Group Dividend Value | Sold out | 0.00% | −0.06 |
| MCD McDonald's Corp. | Reduce -8.1% | 0.27% | −0.06 |
| BF.B Brown-Forman Corp. Class B | Sold out | 0.00% | −0.05 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -58.9% | 0.03% | −0.05 |
| LECO Lincoln Electric Holdings | Reduce -4.4% | 0.12% | −0.05 |
| ROK Rockwell Automation Inc. | Reduce -0.4% | 0.79% | −0.05 |
| IBM Intl Business Machines Corp. | Reduce -12.4% | 0.19% | −0.05 |
| IJJ iShares S&P Mid-Cap 400 Valu | Reduce -84.7% | 0.01% | −0.05 |
| CGXU Cap Group Intl Focus | Sold out | 0.00% | −0.05 |
| BMY Bristol-Myers Squibb Co. | Reduce -36.0% | 0.04% | −0.05 |
| PLD Prologis Inc. | Reduce -30.2% | 0.06% | −0.04 |
| INTC Intel Corp. | Reduce -24.7% | 0.05% | −0.04 |
| IWV iShares Russell 3000 ETF | Sold out | 0.00% | −0.04 |
| IYY iShares Dow Jones U.S. ETF | Sold out | 0.00% | −0.04 |
| EMXC iShares MSCI Emr MRK Ex Chna | Sold out | 0.00% | −0.03 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -13.5% | 0.27% | −0.03 |
| PFE Pfizer Inc. | Reduce -25.4% | 0.10% | −0.03 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −0.03 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -4.5% | 0.23% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -16.0% | 0.11% | −0.03 |
Portfolio Buys Q1 2024 → Q2 2024
| AMAT Applied Materials Inc. | Add +34.8% | 0.82% | +0.29 |
| RDDT Reddit Inc. Class A | New | 0.25% | +0.25 |
| CASY Casey's General Stores Inc. | Add +257.6% | 0.27% | +0.21 |
| AMZN Amazon.com Inc. | Add +0.9% | 2.61% | +0.20 |
| ADBE Adobe Inc. | Add +7.7% | 1.24% | +0.20 |
| AVGO Broadcom Inc. | Add +4.8% | 0.90% | +0.19 |
| COST Costco Wholesale Corp. | Add +0.4% | 0.94% | +0.13 |
| NEE Nextera Energy Inc. | Add +3.6% | 0.89% | +0.11 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +1.1% | 0.95% | +0.11 |
| AMGN Amgen Inc. | Add +2.2% | 0.93% | +0.10 |
| ANSS Ansys Inc. | Add +21.6% | 0.87% | +0.10 |
| SYK Stryker Corp. | Add +13.9% | 1.22% | +0.09 |
| TJX TJX Companies Inc. | Add +3.7% | 0.71% | +0.08 |
| AZO AutoZone Inc. | New | 0.08% | +0.08 |
| IOT Samsara Inc. Class A | New | 0.07% | +0.07 |
| NOC Northrop Grumman Corp. | Add +19.6% | 0.79% | +0.07 |
| SCHW Schwab (charles) Corp. | Add +4.2% | 1.04% | +0.06 |
| CB Chubb Ltd. | Add +23.7% | 0.30% | +0.05 |
| NVT Nvent Electric PLC | Add +35.7% | 0.17% | +0.05 |
| KMI Kinder Morgan Inc. | Add +4.7% | 0.38% | +0.05 |
| TMUS T-Mobile US Inc. | Add +4.4% | 0.40% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | Add +95.7% | 0.08% | +0.04 |
| GPC Genuine Parts Co. | Add +22.9% | 0.42% | +0.04 |
| ZBRA Zebra Technologies Corp. Class A | Add +6.5% | 0.42% | +0.04 |
| ARHS Arhaus Inc. | Add +143.8% | 0.06% | +0.04 |
| MRSH Marsh & McLennan Cos | Add +3.9% | 0.59% | +0.04 |
| MTD Mettler-Toledo International | Add +0.8% | 0.61% | +0.03 |
| ECL Ecolab Inc. | Add +0.9% | 0.86% | +0.03 |
| ANET Arista Networks Inc. | Add +356.6% | 0.04% | +0.03 |
| GEV GE Vernova Inc. | Add +624.6% | 0.04% | +0.03 |
| BRBR Bellring Brands Inc. | Add +66.4% | 0.08% | +0.03 |
| TW Tradeweb Markets Inc. Class A | Add +6.5% | 0.40% | +0.03 |
| IBTF iShares Ibonds Dec 2025 Term | Add +9.1% | 0.38% | +0.03 |
| OEF iShares S&P 100 ETF | Add +4.0% | 0.31% | +0.03 |
| WPC WP Carey Inc. | Add +16.4% | 0.25% | +0.03 |
| LLY Eli Lilly & Co. | Add +1.6% | 0.19% | +0.03 |
| XOM Exxon Mobil Corp. | Add +20.8% | 0.18% | +0.03 |
| CRSP Crispr Therapeutics AG | Add +51.0% | 0.17% | +0.03 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +1.2% | 0.53% | +0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +12.4% | 0.10% | +0.03 |
| KRE SS SPDR S&P Regional Bank | Add +18.6% | 0.18% | +0.03 |
| CVX Chevron Corp. | Add +4.5% | 0.70% | +0.02 |
| TMO Thermo Fisher Scientific Inc. | Add +7.5% | 0.95% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | Add +95.0% | 0.04% | +0.02 |
| XBI SS SPDR S&P Biotech ETF | Add +10.9% | 0.27% | +0.02 |
| RTX RTX Corp. | Add +2.7% | 0.35% | +0.02 |
| FIS Fidelity National Info Serv | New | 0.02% | +0.02 |
| POST Post Holdings Inc. | Add +9.7% | 0.26% | +0.02 |
| WEC WEC Energy Group Inc. | New | 0.02% | +0.02 |
| GNRC Generac Holdings Inc. | Add +24.6% | 0.07% | +0.02 |
Notes & Other Activity Q1 2024 → Q2 2024
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | Sold out | 37,725 | $1.8Mbefore exit |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Sold out | 226 | $275Kbefore exit |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Sold out | 182 | $218Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |