Carnegie Investment Counsel
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 10, 2024), Carnegie Investment Counsel reported 463 stock positions worth $3.4 billion. Its top holding was Apple (AAPL) at 4.5% of the portfolio, followed by Microsoft (MSFT, 3.5%) and Nvidia (NVDA, 2.7%). Compared with Q2 2024, it opened 24 new positions, sold out of 27, added to 189 and reduced 188. The biggest buy was a new position in Tempus AI Class A (TEM) and the biggest sale Nvidia (NVDA, shares −18%).
- Most Recent 13F
- Q2 2026
- Location
- PEPPER PIKE, OH
- CIK
- 0001511506
- Portfolio Value
- $3.4B (Q3 2024)
- SEC Filing
- 0001085146-24-004838 ↗ filed Oct 10, 2024
Holdings Value
Holdings 463 stocks · $3.4B
| AAPL Apple Inc. | 4.46% | 649,856 | $151.4M | Reduce -0.8% |
| MSFT Microsoft Corp. | 3.53% | 278,341 | $119.8M | Add +3.0% |
| NVDA Nvidia Corp. | 2.66% | 744,301 | $90.4M | Reduce -17.5% |
| AMZN Amazon.com Inc. | 2.40% | 438,102 | $81.6M | Add +1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.25% | 165,663 | $76.2M | Reduce -0.1% |
| JPM JPMorgan Chase & Co. | 2.18% | 351,681 | $74.2M | Reduce -0.1% |
| PGR Progressive Corp. | 2.08% | 278,415 | $70.6M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 2.07% | 423,320 | $70.2M | Reduce -0.1% |
| SHW The Sherwin-Williams Co. | 1.90% | 169,337 | $64.6M | Reduce -1.0% |
| ETN Eaton Corp. PLC | 1.76% | 179,994 | $59.7M | Add +1.6% |
| MA Mastercard Inc. Class A | 1.68% | 115,821 | $57.2M | Add +0.5% |
| META Meta Platforms Inc. Class A | 1.42% | 84,239 | $48.2M | Add +1.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.31% | 77,379 | $44.4M | Reduce -11.0% |
| LOW Lowe's Cos Inc. | 1.23% | 154,087 | $41.7M | Add +0.7% |
| SYK Stryker Corp. | 1.20% | 112,453 | $40.6M | Reduce -2.4% |
| GOOG Alphabet Inc. Class C | 1.15% | 234,388 | $39.2M | Reduce -5.5% |
| XLK SS Technology Select Sector | 1.12% | 168,411 | $38.0M | Reduce -0.4% |
| TMO Thermo Fisher Scientific Inc. | 1.06% | 58,225 | $36.0M | Add +6.2% |
| NEE Nextera Energy Inc. | 1.02% | 411,190 | $34.8M | Add +2.3% |
| ADBE Adobe Inc. | 0.98% | 64,070 | $33.2M | Reduce -10.8% |
| AVGO Broadcom Inc. | 0.95% | 187,341 | $32.3M | Add +4.4% |
| AMGN Amgen Inc. | 0.94% | 99,420 | $32.0M | Add +3.8% |
| ECL Ecolab Inc. | 0.93% | 123,561 | $31.5M | Add +6.2% |
| COST Costco Wholesale Corp. | 0.93% | 35,521 | $31.5M | Reduce -0.3% |
| ACN Accenture PLC Class A | 0.91% | 87,618 | $31.0M | Reduce -2.6% |
| NOC Northrop Grumman Corp. | 0.91% | 58,500 | $30.9M | Add +0.1% |
| ZTS Zoetis Inc. | 0.90% | 156,576 | $30.6M | Reduce -0.6% |
| PEP Pepsico Inc. | 0.90% | 179,423 | $30.5M | Add +1.9% |
| SCHW Schwab (charles) Corp. | 0.88% | 458,524 | $29.7M | Add +1.1% |
| ANSS Ansys Inc. | 0.87% | 92,348 | $29.4M | Add +6.5% |
| AMT American Tower Corp. | 0.86% | 125,565 | $29.2M | Add +4.6% |
| QCOM Qualcomm Inc. | 0.86% | 171,641 | $29.2M | Add +5.7% |
| UNP Union Pacific Corp. | 0.85% | 117,548 | $29.0M | Add +2.4% |
| V Visa Inc. Class A | 0.84% | 103,481 | $28.5M | Add +7.4% |
| AMAT Applied Materials Inc. | 0.80% | 134,559 | $27.2M | Add +20.3% |
| BLK BlackRock Finance Inc. | 0.79% | 28,408 | $27.0M | Reduce -1.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.75% | 213,494 | $25.4M | Reduce -0.5% |
| KNSL Kinsale Capital Group Inc. | 0.74% | 53,728 | $25.0M | Add +4.0% |
| IQLT iShares MSCI International Q | 0.71% | 580,243 | $24.1M | Add +6.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.70% | 203,352 | $23.9M | Reduce -1.1% |
| ABT Abbott Laboratories | 0.65% | 193,998 | $22.1M | Reduce -1.4% |
| JNJ Johnson & Johnson | 0.64% | 133,834 | $21.7M | Reduce -0.3% |
| ROK Rockwell Automation Inc. | 0.64% | 80,357 | $21.6M | Reduce -12.9% |
| MTD Mettler-Toledo International | 0.62% | 14,051 | $21.1M | Add +0.6% |
| CSX CSX Corp. | 0.61% | 603,577 | $20.8M | Add +3.1% |
| MRSH Marsh & McLennan Cos | 0.59% | 89,919 | $20.1M | Add +0.2% |
| OTIS Otis Worldwide Corp. | 0.58% | 190,321 | $19.8M | Add +7.0% |
| VIG Vanguard Dividend Apprec ETF | 0.57% | 97,754 | $19.4M | Add +0.1% |
| CVX Chevron Corp. | 0.57% | 131,253 | $19.3M | Reduce -8.4% |
| HD Home Depot Inc. | 0.57% | 47,450 | $19.2M | Add +1.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.54% | 269,446 | $18.2M | Add +1.0% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.51% | 1,279,130 | $17.5M | Reduce -7.6% |
| WMT Walmart Inc. | 0.51% | 214,159 | $17.3M | Add +0.5% |
| TEL Te Connectivity PLC | 0.51% | 114,128 | $17.2M | Add +2.5% |
| PYPL PayPal Holdings Inc. | 0.51% | 219,889 | $17.2M | Add +14.4% |
| ZBRA Zebra Technologies Corp. Class A | 0.50% | 45,577 | $16.9M | Add +3.9% |
| WSO Watsco Inc. | 0.49% | 34,168 | $16.8M | Add +1.1% |
| LMT Lockheed Martin Corp. | 0.49% | 28,635 | $16.7M | Add +0.5% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.49% | 199,046 | $16.5M | Reduce -3.4% |
| VOO Vanguard S&P 500 ETF | 0.48% | 30,893 | $16.3M | Add +1.6% |
| TW Tradeweb Markets Inc. Class A | 0.47% | 128,742 | $15.9M | Add +5.1% |
| RSG Republic Services Inc. | 0.46% | 77,720 | $15.6M | Add +4.7% |
| UNH Unitedhealth Group Inc. | 0.46% | 26,556 | $15.5M | Add +2.7% |
| CTAS Cintas Corp. | 0.45% | 74,440 | $15.3M | No change |
| SPSM SS SPDR P S&P 600 Small Cap | 0.45% | 333,983 | $15.2M | Reduce -0.2% |
| TMUS T-Mobile US Inc. | 0.45% | 73,276 | $15.1M | Add +1.7% |
| CHD Church & Dwight Co. Inc. | 0.42% | 137,810 | $14.4M | Reduce -0.5% |
| XLF SS Financial Select Sector | 0.41% | 310,624 | $14.1M | Add +0.1% |
| KMI Kinder Morgan Inc. | 0.41% | 633,873 | $14.0M | Add +2.7% |
| CASY Casey's General Stores Inc. | 0.41% | 37,113 | $13.9M | Add +63.3% |
| RTX RTX Corp. | 0.40% | 113,231 | $13.7M | Add +0.3% |
| MDY State Street SPDR S&P Midcap | 0.40% | 24,077 | $13.7M | Reduce -1.0% |
| STE Steris PLC | 0.40% | 56,355 | $13.7M | Add +3.0% |
| CB Chubb Ltd. | 0.40% | 47,372 | $13.7M | Add +26.7% |
| NET Cloudflare Inc. Class A | 0.40% | 168,803 | $13.7M | Add +2.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.39% | 50,008 | $13.2M | Reduce -1.6% |
| IBTF iShares Ibonds Dec 2025 Term | 0.39% | 560,593 | $13.1M | Add +7.1% |
| CSCO Cisco Systems Inc. | 0.37% | 237,263 | $12.6M | Reduce -18.6% |
| XLV SS Health Care Select Sector | 0.37% | 81,249 | $12.5M | Add +1.4% |
| PM Philip Morris International | 0.36% | 102,038 | $12.4M | Add +1.3% |
| MAS Masco Corp. | 0.36% | 144,476 | $12.1M | Reduce -0.2% |
| URI United Rentals Inc. | 0.35% | 14,559 | $11.8M | Add +11.4% |
| NKE Nike Inc. Class B | 0.34% | 130,263 | $11.5M | Reduce -28.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.33% | 23,051 | $11.3M | Reduce -5.0% |
| RDDT Reddit Inc. Class A | 0.33% | 170,125 | $11.2M | Add +34.7% |
| WING Wingstop Inc. | 0.33% | 26,929 | $11.2M | Add +5.9% |
| WPC WP Carey Inc. | 0.32% | 173,837 | $10.8M | Add +20.5% |
| RSP Invesco S&P 500 Equal Weight | 0.32% | 60,003 | $10.8M | Add +6.2% |
| OEF iShares S&P 100 ETF | 0.31% | 37,668 | $10.4M | Reduce -0.4% |
| EMR Emerson Electric Co. | 0.30% | 92,582 | $10.1M | Add +23.8% |
| PG The Procter & Gamble Co. | 0.30% | 58,028 | $10.1M | Reduce -11.1% |
| MCD McDonald's Corp. | 0.29% | 32,637 | $9.9M | Reduce -5.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.29% | 248,327 | $9.9M | Reduce -7.9% |
| CRDO Credo Technology Group Holdi | 0.28% | 312,000 | $9.6M | Add +7.3% |
| DKNG Draftkings Inc. Class A | 0.28% | 242,100 | $9.5M | Reduce -52.0% |
| DE Deere & Co. | 0.28% | 22,648 | $9.5M | Reduce -36.5% |
| XBI SS SPDR S&P Biotech ETF | 0.28% | 95,423 | $9.4M | Add +3.2% |
| WM Waste Management Inc. | 0.28% | 45,243 | $9.4M | Reduce -3.5% |
| POST Post Holdings Inc. filed as POST HLDGS INC | 0.28% | 80,855 | $9.4M | Add +1.2% |
| GPC Genuine Parts Co. | 0.27% | 65,197 | $9.1M | Reduce -32.7% |
Portfolio Sells Q2 2024 → Q3 2024
| NVDA Nvidia Corp. | Reduce -17.5% | 2.66% | −0.81 |
| GOOGL Alphabet Inc. Class A | Reduce -0.1% | 2.07% | −0.34 |
| DKNG Draftkings Inc. Class A | Reduce -52.0% | 0.28% | −0.32 |
| ADBE Adobe Inc. | Reduce -10.8% | 0.98% | −0.27 |
| DIS The Walt Disney Co. | Reduce -86.4% | 0.04% | −0.26 |
| GOOG Alphabet Inc. Class C | Reduce -5.5% | 1.15% | −0.26 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -0.5% | 0.75% | −0.21 |
| PGNY Progyny Inc. | Sold out | 0.00% | −0.17 |
| CRSP Crispr Therapeutics AG | Sold out | 0.00% | −0.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -11.0% | 1.31% | −0.17 |
| POOL Pool Corp. | Sold out | 0.00% | −0.16 |
| ROK Rockwell Automation Inc. | Reduce -12.9% | 0.64% | −0.16 |
| GPC Genuine Parts Co. | Reduce -32.7% | 0.27% | −0.15 |
| DE Deere & Co. | Reduce -36.5% | 0.28% | −0.14 |
| CVX Chevron Corp. | Reduce -8.4% | 0.57% | −0.13 |
| EWJ iShares MSCI Japan ETF | Reduce -91.1% | 0.01% | −0.09 |
| NKE Nike Inc. Class B | Reduce -28.2% | 0.34% | −0.09 |
| GXO Gxo Logistics Inc. | Reduce -21.9% | 0.26% | −0.08 |
| DT Dynatrace Inc. | Sold out | 0.00% | −0.08 |
| XLK SS Technology Select Sector | Reduce -0.4% | 1.12% | −0.07 |
| OCSL Oaktree Specialty Lending Co. | Reduce -43.8% | 0.06% | −0.07 |
| AI C3.AI Inc. Class A | Sold out | 0.00% | −0.07 |
| SHOP Shopify Inc. Class A | Reduce -31.8% | 0.25% | −0.07 |
| CSCO Cisco Systems Inc. | Reduce -18.6% | 0.37% | −0.06 |
| SPT Sprout Social Inc. Class A | Sold out | 0.00% | −0.05 |
| BAC Bank of America Corp. | Reduce -7.9% | 0.29% | −0.04 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -7.6% | 0.51% | −0.04 |
| BSCO Invesco Bulletshares 2024 CB | Reduce -26.6% | 0.10% | −0.04 |
| INTC Intel Corp. | Reduce -78.1% | 0.01% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -11.1% | 0.30% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -0.1% | 2.18% | −0.04 |
| BKNG Booking Holdings Inc. | Reduce -36.6% | 0.06% | −0.04 |
| WM Waste Management Inc. | Reduce -3.5% | 0.28% | −0.04 |
| PATH Uipath Inc. Class A | Sold out | 0.00% | −0.03 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -32.2% | 0.05% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -5.0% | 0.33% | −0.03 |
| IBTE iShares Ibonds Dec 2024 Term | Reduce -10.9% | 0.16% | −0.03 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -3.4% | 0.49% | −0.03 |
| TAN Invesco Solar ETF | Reduce -19.8% | 0.11% | −0.03 |
| PLPC Preformed Line Products Co. | Sold out | 0.00% | −0.03 |
| SYK Stryker Corp. | Reduce -2.4% | 1.20% | −0.03 |
| BA The Boeing Co. | Reduce -70.0% | 0.01% | −0.02 |
| CHD Church & Dwight Co. Inc. | Reduce -0.5% | 0.42% | −0.02 |
| OXY Occidental Petroleum Corp. | Reduce -1.2% | 0.07% | −0.02 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -26.0% | 0.05% | −0.02 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -3.6% | 0.09% | −0.02 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.02 |
| UPS United Parcel Service Class B | Reduce -14.0% | 0.08% | −0.02 |
| COR Cencora Inc. | Reduce -37.5% | 0.02% | −0.02 |
Portfolio Buys Q2 2024 → Q3 2024
| TEM Tempus AI Inc. Class A | New | 0.23% | +0.23 |
| DELL Dell Technologies -C | Add +1556.2% | 0.20% | +0.19 |
| LOW Lowe's Cos Inc. | Add +0.7% | 1.23% | +0.18 |
| HIMS Hims & Hers Health Inc. | New | 0.16% | +0.16 |
| PYPL PayPal Holdings Inc. | Add +14.4% | 0.51% | +0.16 |
| IONQ Ionq Inc. | New | 0.15% | +0.15 |
| CASY Casey's General Stores Inc. | Add +63.3% | 0.41% | +0.14 |
| CMG Chipotle Mexican Grill Inc. | New | 0.14% | +0.14 |
| NEE Nextera Energy Inc. | Add +2.3% | 1.02% | +0.14 |
| AMT American Tower Corp. | Add +4.6% | 0.86% | +0.13 |
| SOUN Soundhound AI Inc. Class A | New | 0.12% | +0.12 |
| KNSL Kinsale Capital Group Inc. | Add +4.0% | 0.74% | +0.12 |
| NOC Northrop Grumman Corp. | Add +0.1% | 0.91% | +0.12 |
| TMO Thermo Fisher Scientific Inc. | Add +6.2% | 1.06% | +0.12 |
| META Meta Platforms Inc. Class A | Add +1.4% | 1.42% | +0.12 |
| GEV GE Vernova Inc. | Add +172.4% | 0.14% | +0.11 |
| CB Chubb Ltd. | Add +26.7% | 0.40% | +0.11 |
| MA Mastercard Inc. Class A | Add +0.5% | 1.68% | +0.10 |
| URI United Rentals Inc. | Add +11.4% | 0.35% | +0.08 |
| RDDT Reddit Inc. Class A | Add +34.7% | 0.33% | +0.08 |
| LMT Lockheed Martin Corp. | Add +0.5% | 0.49% | +0.08 |
| ZBRA Zebra Technologies Corp. Class A | Add +3.9% | 0.50% | +0.07 |
| EWW iShares MSCI Mexico ETF | Add +231.4% | 0.11% | +0.07 |
| WPC WP Carey Inc. | Add +20.5% | 0.32% | +0.07 |
| ECL Ecolab Inc. | Add +6.2% | 0.93% | +0.07 |
| HD Home Depot Inc. | Add +1.4% | 0.57% | +0.06 |
| TW Tradeweb Markets Inc. Class A | Add +5.1% | 0.47% | +0.06 |
| IBTG iShares Ibonds Dec 2026 Term | New | 0.06% | +0.06 |
| WMT Walmart Inc. | Add +0.5% | 0.51% | +0.06 |
| SPHR Sphere Entertainment Co. | Add +12.2% | 0.22% | +0.05 |
| AVGO Broadcom Inc. | Add +4.4% | 0.95% | +0.05 |
| RTX RTX Corp. | Add +0.3% | 0.40% | +0.05 |
| ARHS Arhaus Inc. | Add +176.8% | 0.11% | +0.05 |
| ANET Arista Networks Inc. | Add +117.8% | 0.09% | +0.05 |
| TMUS T-Mobile US Inc. | Add +1.7% | 0.45% | +0.05 |
| V Visa Inc. Class A | Add +7.4% | 0.84% | +0.05 |
| OTIS Otis Worldwide Corp. | Add +7.0% | 0.58% | +0.05 |
| IBM Intl Business Machines Corp. | Add +4.0% | 0.24% | +0.05 |
| IOT Samsara Inc. Class A | Add +27.0% | 0.11% | +0.05 |
| UNH Unitedhealth Group Inc. | Add +2.7% | 0.46% | +0.05 |
| PM Philip Morris International | Add +1.3% | 0.36% | +0.05 |
| GNRC Generac Holdings Inc. | Add +45.1% | 0.12% | +0.05 |
| UNP Union Pacific Corp. | Add +2.4% | 0.85% | +0.04 |
| HSY The Hershey Co. | Add +60.8% | 0.12% | +0.04 |
| IQLT iShares MSCI International Q | Add +6.0% | 0.71% | +0.04 |
| AME Ametek Inc. | Add +185.3% | 0.07% | +0.04 |
| EMR Emerson Electric Co. | Add +23.8% | 0.30% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Add +119.6% | 0.07% | +0.04 |
| AMD Advanced Micro Devices | Add +28.4% | 0.19% | +0.04 |
| VIK Viking Holdings Ltd. | New | 0.03% | +0.03 |
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 |