Carnegie Investment Counsel
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 1, 2026), Carnegie Investment Counsel reported 559 stock positions worth $5.1 billion. Its top holding was Alphabet Class A (GOOGL) at 3.3% of the portfolio, followed by Apple (AAPL, 3.3%) and Microsoft (MSFT, 3.1%). Compared with Q4 2025, it opened 34 new positions, sold out of 39, added to 206 and reduced 255. The biggest buy was a new position in Deckers Outdoor (DECK) and the biggest sale an exit from Maplebear (CART).
- Most Recent 13F
- Q2 2026
- Location
- PEPPER PIKE, OH
- CIK
- 0001511506
- Portfolio Value
- $5.1B (Q1 2026)
- SEC Filing
- 0001511506-26-000004 ↗ filed May 1, 2026
Holdings Value
Holdings 559 stocks · $5.1B
| GOOGL Alphabet Inc. Class A | 3.32% | 602,258 | $170.5M | Reduce -4.2% |
| AAPL Apple Inc. | 3.29% | 664,385 | $168.6M | Reduce -3.1% |
| MSFT Microsoft Corp. | 3.05% | 428,997 | $156.6M | Add +2.8% |
| JPM JPMorgan Chase & Co. | 2.36% | 420,798 | $121.0M | Add +0.4% |
| NVDA Nvidia Corp. | 2.22% | 652,679 | $113.8M | Reduce -6.7% |
| AVGO Broadcom Inc. | 2.15% | 363,459 | $110.5M | Add +3.4% |
| AMZN Amazon.com Inc. | 1.97% | 484,699 | $100.9M | Reduce -0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.82% | 198,153 | $93.1M | Add +2.9% |
| META Meta Platforms Inc. Class A | 1.78% | 163,666 | $91.2M | Add +1.6% |
| SYK Stryker Corp. | 1.52% | 242,981 | $78.0M | Add +9.5% |
| SCHW Schwab (charles) Corp. | 1.51% | 843,977 | $77.3M | Add +5.0% |
| MA Mastercard Inc. Class A | 1.35% | 143,477 | $69.3M | Add +1.2% |
| ETN Eaton Corp. PLC | 1.34% | 192,112 | $68.7M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 1.29% | 231,232 | $66.3M | Reduce -1.0% |
| AMAT Applied Materials Inc. | 1.10% | 165,653 | $56.6M | Reduce -14.8% |
| PGR Progressive Corp. | 1.10% | 285,104 | $56.5M | Reduce -1.2% |
| V Visa Inc. Class A | 1.08% | 183,717 | $55.5M | Add +0.5% |
| SPTI SS SPDR P Int Term TSY ETF | 1.03% | 1,846,575 | $52.9M | Add +2.1% |
| CB Chubb Ltd. | 0.99% | 160,792 | $50.6M | Add +3.2% |
| SHW The Sherwin-Williams Co. | 0.96% | 153,010 | $49.0M | Reduce -3.4% |
| HD Home Depot Inc. | 0.95% | 154,265 | $48.7M | Add +42.4% |
| XLK SS Technology Select Sector | 0.91% | 351,722 | $46.7M | Reduce -5.1% |
| QCOM Qualcomm Inc. | 0.90% | 369,203 | $46.3M | Add +0.6% |
| CME Cme Group Inc. | 0.89% | 162,478 | $45.7M | Add +3.4% |
| IQLT iShares MSCI International Q | 0.85% | 947,863 | $43.8M | Add +13.6% |
| LNT Alliant Energy Corp. | 0.85% | 638,323 | $43.7M | Add +4.0% |
| ORLY O'reilly Automotive Inc. | 0.85% | 492,898 | $43.5M | Add +5.5% |
| UBER Uber Technologies Inc. | 0.82% | 587,273 | $42.2M | Add +0.9% |
| NEE Nextera Energy Inc. | 0.82% | 450,895 | $41.9M | Reduce -1.6% |
| VZ Verizon Communications Inc. | 0.78% | 840,198 | $39.9M | Add +3.8% |
| BLK BlackRock Inc. | 0.78% | 43,230 | $39.8M | Add +5.9% |
| RTX RTX Corp. | 0.76% | 216,249 | $39.2M | Reduce -7.5% |
| ZTS Zoetis Inc. | 0.74% | 333,786 | $38.2M | Add +9.6% |
| SPIB SS SPDR P Int C Corp. ETF | 0.74% | 1,128,455 | $37.8M | Add +0.5% |
| AMGN Amgen Inc. | 0.74% | 107,264 | $37.7M | Add +0.9% |
| ABBV Abbvie Inc. | 0.73% | 182,001 | $37.5M | Add +11.2% |
| CASY Casey's General Stores Inc. | 0.72% | 50,632 | $36.9M | Reduce -0.7% |
| LOW Lowe's Cos Inc. | 0.71% | 153,613 | $36.3M | Reduce -3.3% |
| COST Costco Wholesale Corp. | 0.70% | 35,842 | $35.7M | Reduce -2.0% |
| ECL Ecolab Inc. | 0.69% | 133,778 | $35.6M | Reduce -3.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.69% | 54,404 | $35.4M | Reduce -23.6% |
| NOC Northrop Grumman Corp. | 0.68% | 50,765 | $34.6M | Reduce -7.7% |
| NSC Norfolk Southern Corp. | 0.67% | 125,768 | $34.2M | Add +5.7% |
| ABT Abbott Laboratories | 0.65% | 339,644 | $33.5M | Add +6.5% |
| CVX Chevron Corp. | 0.64% | 158,625 | $32.8M | Reduce -1.6% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.60% | 402,922 | $30.8M | Reduce -2.4% |
| VGSH Vanguard Short-Term Treasury | 0.60% | 526,441 | $30.8M | Reduce -2.6% |
| JNJ Johnson & Johnson | 0.60% | 125,643 | $30.7M | Reduce -21.5% |
| DECK Deckers Outdoor Corp. | 0.59% | 323,249 | $30.5M | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.59% | 189,621 | $30.3M | Reduce -7.3% |
| ULTA Ulta Beauty Inc. | 0.59% | 60,572 | $30.0M | Reduce -5.0% |
| DCI Donaldson Co. Inc. | 0.58% | 363,710 | $29.6M | Add +2.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.57% | 625,930 | $29.1M | Add +13.8% |
| PSA Public Storage | 0.56% | 111,899 | $28.8M | Add +5.8% |
| NET Cloudflare Inc. Class A | 0.53% | 132,907 | $27.4M | Reduce -1.4% |
| KMI Kinder Morgan Inc. | 0.53% | 814,103 | $27.3M | Add +0.2% |
| UNH Unitedhealth Group Inc. | 0.53% | 104,832 | $27.2M | Reduce -2.8% |
| KRMN Karman Holdings Inc. | 0.52% | 333,030 | $26.7M | Reduce -3.5% |
| GEV GE Vernova Inc. | 0.51% | 29,725 | $25.9M | Reduce -2.3% |
| WMT Walmart Inc. | 0.50% | 205,589 | $25.6M | Reduce -5.4% |
| RDDT Reddit Inc. Class A | 0.48% | 182,197 | $24.5M | Add +10.5% |
| MBB iShares MBS ETF | 0.47% | 256,676 | $24.4M | Add +1.6% |
| CSCO Cisco Systems Inc. | 0.46% | 304,396 | $23.6M | Add +0.1% |
| CSX CSX Corp. | 0.43% | 534,093 | $21.9M | Reduce -0.1% |
| TEL Te Connectivity PLC | 0.43% | 104,408 | $21.8M | Reduce -0.5% |
| KNSL Kinsale Capital Group Inc. | 0.42% | 62,897 | $21.5M | Add +1.9% |
| UNP Union Pacific Corp. | 0.41% | 87,513 | $21.2M | Reduce -4.3% |
| SO The Southern Co. | 0.40% | 213,528 | $20.6M | Add +0.7% |
| TMO Thermo Fisher Scientific Inc. | 0.40% | 41,877 | $20.6M | Reduce -11.8% |
| VIG Vanguard Dividend Apprec ETF | 0.40% | 95,201 | $20.5M | Reduce -8.5% |
| VOO Vanguard S&P 500 ETF | 0.40% | 34,111 | $20.4M | Reduce -3.2% |
| SUB iShares Short-Term National | 0.40% | 190,620 | $20.3M | Reduce -2.7% |
| PAC Grupo Aeroportuario Pac-ADR | 0.39% | 81,092 | $20.0M | Reduce -1.7% |
| POWL Powell Industries Inc. | 0.38% | 36,376 | $19.7M | Reduce -11.0% |
| IBTG iShares Ibonds Dec 2026 Term | 0.38% | 842,147 | $19.3M | Reduce -4.0% |
| ANET Arista Networks Inc. | 0.37% | 153,613 | $18.9M | Reduce -12.1% |
| ROK Rockwell Automation Inc. | 0.37% | 52,539 | $18.9M | Reduce -5.4% |
| TW Tradeweb Markets Inc. Class A | 0.36% | 158,914 | $18.7M | Reduce -7.3% |
| LECO Lincoln Electric Holdings | 0.36% | 74,643 | $18.6M | Reduce -6.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.36% | 64,366 | $18.5M | Add +22.9% |
| IGV iShares Expanded Tech-Softwa | 0.36% | 228,028 | $18.3M | Add +1141.1% |
| OTIS Otis Worldwide Corp. | 0.35% | 233,574 | $18.0M | Reduce -2.7% |
| PM Philip Morris International | 0.34% | 106,992 | $17.7M | Add +4.0% |
| KO The Coca-Cola Co. | 0.34% | 229,860 | $17.5M | Add +0.1% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.34% | 349,658 | $17.4M | Reduce -2.6% |
| SCHP Schwab U.S. Tips ETF | 0.33% | 636,178 | $16.9M | Add +0.6% |
| PLTR Palantir Technologies Inc. Class A | 0.33% | 114,551 | $16.8M | Add +1.9% |
| IBTH iShares Ibonds Dec 2027 Term | 0.32% | 734,551 | $16.5M | Add +20.6% |
| XLI SS Industrial Select Sector | 0.32% | 100,637 | $16.3M | Reduce -1.4% |
| SHOP Shopify Inc. Class A | 0.31% | 135,824 | $16.1M | Add +16.4% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.31% | 40,684 | $15.9M | Add +69.9% |
| EMR Emerson Electric Co. | 0.30% | 117,867 | $15.4M | Reduce -7.5% |
| MCD McDonald's Corp. | 0.30% | 49,159 | $15.3M | Reduce -2.5% |
| XLF SS Financial Select Sector | 0.30% | 306,654 | $15.1M | Reduce -0.5% |
| AMT American Tower Corp. | 0.29% | 87,256 | $15.1M | Reduce -25.2% |
| MTD Mettler-Toledo International | 0.29% | 11,822 | $14.9M | Reduce -0.2% |
| VTIP Vanguard Short-Term Tips | 0.29% | 294,968 | $14.7M | Add +1.5% |
| XOM Exxon Mobil Corp. | 0.29% | 86,234 | $14.6M | Reduce -4.9% |
| WPC WP Carey Inc. | 0.28% | 215,152 | $14.6M | Add +3.6% |
| LMT Lockheed Martin Corp. | 0.28% | 24,009 | $14.5M | Reduce -22.4% |
Portfolio Sells Q4 2025 → Q1 2026
| CART Maplebear Inc. | Sold out | 0.00% | −0.46 |
| CRDO Credo Technology Group Holdi | Reduce -38.2% | 0.27% | −0.37 |
| HOLX Hologic Inc. | Reduce -95.9% | 0.01% | −0.31 |
| GOOGL Alphabet Inc. Class A | Reduce -4.2% | 3.32% | −0.30 |
| RELX Relx PLC - Spon ADR | Reduce -92.3% | 0.02% | −0.26 |
| SOUN Soundhound AI Inc. Class A | Sold out | 0.00% | −0.24 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -23.6% | 0.69% | −0.21 |
| UPST Upstart Holdings Inc. | Sold out | 0.00% | −0.19 |
| NVDA Nvidia Corp. | Reduce -6.7% | 2.22% | −0.19 |
| IONQ Ionq Inc. | Reduce -44.1% | 0.09% | −0.15 |
| AAPL Apple Inc. | Reduce -3.1% | 3.29% | −0.15 |
| UNH Unitedhealth Group Inc. | Reduce -2.8% | 0.53% | −0.13 |
| ULTA Ulta Beauty Inc. | Reduce -5.0% | 0.59% | −0.13 |
| PGR Progressive Corp. | Reduce -1.2% | 1.10% | −0.11 |
| TMO Thermo Fisher Scientific Inc. | Reduce -11.8% | 0.40% | −0.11 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -27.4% | 0.13% | −0.10 |
| AMZN Amazon.com Inc. | Reduce -0.1% | 1.97% | −0.10 |
| AMT American Tower Corp. | Reduce -25.2% | 0.29% | −0.08 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -43.4% | 0.08% | −0.07 |
| XLK SS Technology Select Sector | Reduce -5.1% | 0.91% | −0.07 |
| WDAY Workday Inc. Class A | Reduce -70.3% | 0.02% | −0.07 |
| HII Huntington Ingalls Industrie | Reduce -23.2% | 0.26% | −0.07 |
| MRSH Marsh & McLennan Cos | Reduce -26.7% | 0.16% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -1.0% | 1.29% | −0.06 |
| XAIX Xtrackers AI & Big Data ETF | Reduce -78.1% | 0.02% | −0.06 |
| HIMS Hims & Hers Health Inc. | Sold out | 0.00% | −0.06 |
| BX Blackstone Inc. | Reduce -31.6% | 0.06% | −0.06 |
| ANET Arista Networks Inc. | Reduce -12.1% | 0.37% | −0.05 |
| ACN Accenture PLC Class A | Reduce -22.0% | 0.08% | −0.05 |
| ADBE Adobe Inc. | Reduce -66.8% | 0.01% | −0.04 |
| OTIS Otis Worldwide Corp. | Reduce -2.7% | 0.35% | −0.04 |
| BF.B Brown-Forman Corp. Class B | Sold out | 0.00% | −0.04 |
| TMUS T-Mobile US Inc. | Reduce -21.7% | 0.19% | −0.03 |
| ROK Rockwell Automation Inc. | Reduce -5.4% | 0.37% | −0.03 |
| IBM Intl Business Machines Corp. | Reduce -2.1% | 0.16% | −0.03 |
| RTX RTX Corp. | Reduce -7.5% | 0.76% | −0.03 |
| CVNA Carvana Co. | Reduce -26.1% | 0.04% | −0.03 |
| ARCC Ares Capital Corp. | Reduce -10.7% | 0.13% | −0.02 |
| ARHS Arhaus Inc. | Reduce -71.5% | 0.01% | −0.02 |
| SDHY Pgim SHRT Durat Hi YLD | Reduce -47.1% | 0.03% | −0.02 |
| VIG Vanguard Dividend Apprec ETF | Reduce -8.5% | 0.40% | −0.02 |
| LEN.B Lennar Corp. Class B | Reduce -24.8% | 0.05% | −0.02 |
| COF Capital One Financial Corp. | Reduce -9.3% | 0.05% | −0.02 |
| DOV Dover Corp. | Reduce -70.5% | 0.01% | −0.02 |
| POOL Pool Corp. | Sold out | 0.00% | −0.02 |
| AMD Advanced Micro Devices | Reduce -11.3% | 0.14% | −0.02 |
| DKNG Draftkings Inc. Class A | Reduce -66.6% | 0.00% | −0.02 |
| IOT Samsara Inc. Class A | Reduce -30.1% | 0.03% | −0.02 |
| XLF SS Financial Select Sector | Reduce -0.5% | 0.30% | −0.02 |
| TEL Te Connectivity PLC | Reduce -0.5% | 0.43% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| DECK Deckers Outdoor Corp. | New | 0.59% | +0.59 |
| IGV iShares Expanded Tech-Softwa | Add +1141.1% | 0.36% | +0.32 |
| HD Home Depot Inc. | Add +42.4% | 0.95% | +0.26 |
| COIN Coinbase Global Inc. Class A | Add +615.8% | 0.21% | +0.18 |
| VZ Verizon Communications Inc. | Add +3.8% | 0.78% | +0.17 |
| HOOD Robinhood Markets Inc. Class A | Add +6385.5% | 0.17% | +0.16 |
| IQLT iShares MSCI International Q | Add +13.6% | 0.85% | +0.15 |
| Q Qnity Electronics Inc. | Add +1722.3% | 0.14% | +0.13 |
| KMI Kinder Morgan Inc. | Add +0.2% | 0.53% | +0.12 |
| LNT Alliant Energy Corp. | Add +4.0% | 0.85% | +0.12 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +69.9% | 0.31% | +0.10 |
| CME Cme Group Inc. | Add +3.4% | 0.89% | +0.10 |
| AMGN Amgen Inc. | Add +0.9% | 0.74% | +0.09 |
| CB Chubb Ltd. | Add +3.2% | 0.99% | +0.09 |
| PYPL PayPal Holdings Inc. | Add +186.3% | 0.15% | +0.09 |
| SYK Stryker Corp. | Add +9.5% | 1.52% | +0.08 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +22.9% | 0.36% | +0.08 |
| GLW Corning Inc. | Add +6.4% | 0.18% | +0.08 |
| SPTI SS SPDR P Int Term TSY ETF | Add +2.1% | 1.03% | +0.07 |
| IBTH iShares Ibonds Dec 2027 Term | Add +20.6% | 0.32% | +0.07 |
| ORLY O'reilly Automotive Inc. | Add +5.5% | 0.85% | +0.06 |
| SO The Southern Co. | Add +0.7% | 0.40% | +0.06 |
| AKAM Akamai Technologies Inc. | Add +6.1% | 0.18% | +0.06 |
| PSA Public Storage | Add +5.8% | 0.56% | +0.06 |
| SOLS Solstice Adv Materials Inc. | New | 0.05% | +0.05 |
| KO The Coca-Cola Co. | Add +0.1% | 0.34% | +0.04 |
| ABBV Abbvie Inc. | Add +11.2% | 0.73% | +0.04 |
| PFFD Global X US Preferred ETF | Add +25.9% | 0.18% | +0.04 |
| PM Philip Morris International | Add +4.0% | 0.34% | +0.04 |
| BRO Brown & Brown Inc. | New | 0.04% | +0.04 |
| SRE Sempra | Add +15.5% | 0.27% | +0.04 |
| WPC WP Carey Inc. | Add +3.6% | 0.28% | +0.04 |
| ZTS Zoetis Inc. | Add +9.6% | 0.74% | +0.04 |
| QXO Qxo Inc. | Add +38.6% | 0.12% | +0.04 |
| SPIB SS SPDR P Int C Corp. ETF | Add +0.5% | 0.74% | +0.04 |
| WSO Watsco Inc. | Add +6.3% | 0.21% | +0.04 |
| CRCL Circle Internet Group Inc. | Add +7.8% | 0.14% | +0.04 |
| XLE SS Energy Select Sector | Add +29.7% | 0.08% | +0.04 |
| NSC Norfolk Southern Corp. | Add +5.7% | 0.67% | +0.03 |
| MBB iShares MBS ETF | Add +1.6% | 0.47% | +0.03 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +82.0% | 0.06% | +0.03 |
| MCO Moody's Corp. | Add +348.8% | 0.04% | +0.03 |
| COPP Sprott Copper Miners ETF | New | 0.03% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.9% | 1.82% | +0.03 |
| CSCO Cisco Systems Inc. | Add +0.1% | 0.46% | +0.03 |
| BSCT Invesco Bulletshares 2029 CB | Add +25.5% | 0.11% | +0.03 |
| TGT Target Corp. | Add +11.3% | 0.09% | +0.03 |
| AGX Argan Inc. | Add +28.9% | 0.05% | +0.03 |
| TEAM Atlassian Corp. Class A | New | 0.03% | +0.03 |
| SCHW Schwab (charles) Corp. | Add +5.0% | 1.51% | +0.02 |
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 |