Carnegie Lake Advisors LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 24, 2026), Carnegie Lake Advisors LLC reported 167 stock positions worth $268.2 million. Its top holding was Apple (AAPL) at 5.2% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 4.5%) and Microsoft (MSFT, 4.3%). Compared with Q1 2026, it opened 9 new positions, sold out of 7, added to 21 and reduced 57. The biggest buy was a new position in Kinder Morgan (KMI) and the biggest sale an exit from Aramark (ARMK).

Most Recent 13F
Q2 2026
Location
PRINCETON, NJ
CIK
0002043591
Portfolio Value
$268.2M (Q2 2026)
SEC Filing
0002043591-26-000003 ↗ filed Jul 24, 2026

Holdings Value

0$100.0M$200.0M$300.0M Q3 2024: $252.7M Q3 2024 Q4 2024: $247.8M Q4 2024 Q1 2025: $246.4M Q1 2025 Q2 2025: $252.6M Q2 2025 Q3 2025: $259.9M Q3 2025 Q4 2025: $262.6M Q4 2025 Q1 2026: $249.8M Q1 2026 Q2 2026: $268.2M $268.2M Q2 2026

Holdings 167 stocks · $268.2M
AAPL Apple Inc. 5.16% 47,826 $13.8M Reduce -0.8%
BRK.B Berkshire Hathaway Inc. Class B 4.47% 23,960 $12.0M Reduce -1.1%
MSFT Microsoft Corp. 4.32% 31,089 $11.6M Add +5.2%
UNH Unitedhealth Group Inc. 3.79% 24,446 $10.2M No change
SYK Stryker Corp. 3.19% 27,169 $8.6M No change
AMGN Amgen Inc. 3.15% 23,345 $8.5M No change
WCC Wesco International Inc. 3.13% 24,280 $8.4M No change
PH Parker Hannifin Corp. 3.03% 8,306 $8.1M Reduce -0.1%
GOOG Alphabet Inc. Class C 2.98% 22,631 $8.0M Reduce -17.1%
JPM JPMorgan Chase & Co. 2.57% 21,064 $6.9M Reduce -0.5%
CSCO Cisco Systems Inc. 2.40% 54,789 $6.4M Reduce -0.1%
COST Costco Wholesale Corp. 2.09% 5,992 $5.6M No change
HD Home Depot Inc. 1.87% 14,243 $5.0M Reduce -0.7%
GOOGL Alphabet Inc. Class A 1.66% 12,485 $4.5M No change
CNX CNX Resources Corp. 1.46% 115,375 $3.9M Reduce -2.5%
COLD Americold Realty Trust Inc. 1.46% 248,726 $3.9M Add +5.7%
ISRG Intuitive Surgical Inc. 1.35% 9,075 $3.6M No change
JNJ Johnson & Johnson 1.33% 14,089 $3.6M No change
WSC Willscot Holdings Corp. 1.33% 123,230 $3.6M Reduce -1.4%
AMZN Amazon.com Inc. 1.27% 14,324 $3.4M No change
WMT Walmart Inc. 1.27% 30,081 $3.4M No change
TEVA Teva Pharmaceutical-SP ADR 1.24% 97,900 $3.3M Reduce -2.5%
BN Brookfield Corp. 1.16% 72,809 $3.1M Reduce -3.2%
INTC Intel Corp. 1.15% 22,118 $3.1M Reduce -13.9%
CVX Chevron Corp. 1.08% 17,416 $2.9M Add +0.0%
AVGO Broadcom Inc. 1.03% 7,290 $2.8M Reduce -1.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.01% 28,163 $2.7M Reduce -0.3%
INGR Ingredion Inc. 1.00% 28,350 $2.7M Reduce -3.2%
PFS Provident Financial Services 0.94% 106,958 $2.5M No change
NOBL Proshares S&P 500 Dividend A 0.94% 45,019 $2.5M Reduce -1.9%
KO The Coca-Cola Co. 0.92% 30,480 $2.5M Reduce -1.9%
FERG Ferguson Enterprises Inc. 0.87% 9,865 $2.3M No change
BAC Bank of America Corp. 0.86% 40,672 $2.3M Reduce -7.9%
WMB Williams Cos Inc. 0.76% 27,250 $2.0M Reduce -19.3%
GE General Electric filed as GE AEROSPACE 0.70% 5,039 $1.9M No change
BNY Bank of New York Mellon Corp. 0.69% 12,888 $1.9M No change
KMI Kinder Morgan Inc. 0.69% 58,035 $1.9M New
AZO AutoZone Inc. 0.67% 561 $1.8M Add +21.7%
PG The Procter & Gamble Co. 0.62% 11,349 $1.7M No change
MCD McDonald's Corp. 0.61% 6,024 $1.6M Reduce -3.2%
PEP Pepsico Inc. 0.59% 11,674 $1.6M No change
NKE Nike Inc. Class B 0.58% 37,915 $1.6M Reduce -0.2%
OCSL Oaktree Specialty Lending Co. 0.58% 130,348 $1.6M Reduce -0.8%
ENB Enbridge Inc. 0.55% 27,301 $1.5M Reduce -1.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.54% 5,121 $1.4M Reduce -18.6%
GEV GE Vernova Inc. 0.52% 1,188 $1.4M Reduce -5.6%
BMY Bristol-Myers Squibb Co. 0.50% 23,077 $1.3M No change
AMRZ Amrize Ltd. 0.48% 24,400 $1.3M Add +42.1%
BCC Boise Cascade Co. 0.46% 16,030 $1.2M Reduce -0.6%
BA The Boeing Co. 0.46% 5,656 $1.2M Reduce -7.4%
C Citigroup Inc. 0.45% 8,663 $1.2M Add +2.7%
NVDA Nvidia Corp. 0.45% 6,053 $1.2M No change
INVH Invitation Homes Inc. 0.45% 39,773 $1.2M No change
BLDR Builders Firstsource Inc. 0.45% 13,344 $1.2M Reduce -1.5%
PFE Pfizer Inc. 0.45% 49,577 $1.2M Reduce -3.8%
MRK Merck & Co. Inc. 0.44% 9,173 $1.2M Add +0.6%
AVTR Avantor Inc. 0.44% 118,300 $1.2M Add +14.2%
BX Blackstone Inc. 0.43% 9,900 $1.2M No change
WPC WP Carey Inc. 0.43% 16,286 $1.2M No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.42% 10,000 $1.1M No change
NVO Novo-Nordisk A/S-Spons ADR 0.42% 23,625 $1.1M Add +13.0%
UBER Uber Technologies Inc. 0.41% 15,305 $1.1M Add +15.7%
ADP Automatic Data Processing 0.41% 4,854 $1.1M No change
UPS United Parcel Service Class B 0.40% 10,044 $1.1M Reduce -0.4%
UTG Reaves Utility Income Fund 0.40% 26,296 $1.1M Reduce -0.6%
WFC Wells Fargo & Co. 0.40% 12,941 $1.1M No change
CB Chubb Ltd. 0.39% 3,075 $1.0M Reduce -7.5%
STWD Starwood Property Trust Inc. 0.39% 63,619 $1.0M Reduce -1.7%
RSG Republic Services Inc. 0.37% 4,600 $980K No change
VTI VG Morningstar TS MKT ETF-US 0.37% 2,646 $979K Add +0.1%
CGGR Cap Group Growth Equity 0.34% 19,136 $903K Add +4.2%
SKYY First Trust Cloud Computing 0.34% 6,687 $900K Reduce -8.2%
TD Toronto-Dominion Bank 0.33% 7,299 $886K No change
GDX Vaneck Gold Miners ETF 0.32% 11,500 $868K No change
MDT Medtronic PLC 0.32% 11,006 $861K Reduce -1.8%
OEC Orion SA 0.32% 129,291 $857K Reduce -4.6%
MHK Mohawk Industries Inc. 0.32% 7,050 $855K Reduce -4.1%
ARCC Ares Capital Corp. 0.31% 45,505 $843K Add +0.2%
META Meta Platforms Inc. Class A 0.31% 1,490 $839K Reduce -0.7%
JEPI JPMorgan Equity Premium Inco 0.31% 14,787 $835K No change
PBH Prestige Consumer Healthcare 0.30% 16,794 $794K No change
RXST Rxsight Inc. 0.28% 154,745 $746K No change
GPK Graphic Packaging Holding Co. 0.28% 70,250 $743K Reduce -4.0%
MTG Mgic Investment Corp. 0.28% 26,329 $742K Reduce -1.9%
VUSB Vanguard Ultra Short Bond Et 0.27% 14,699 $732K No change
MAA Mid-America Apartment Comm 0.26% 5,000 $695K Reduce -2.0%
LMT Lockheed Martin Corp. 0.26% 1,350 $688K No change
EOG EOG Resources Inc. 0.25% 5,138 $667K No change
BAM Brookfield Asset Mgmt-A 0.24% 14,301 $641K No change
PSLV Sprott Physical Silver Trust 0.22% 31,825 $601K No change
STT State Street Corp. 0.22% 3,490 $592K Reduce -8.9%
SYY Sysco Corp. 0.22% 7,050 $589K Reduce -5.4%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.22% 11,943 $589K Add +35.7%
VYM Vanguard High DVD Yield ETF 0.22% 3,708 $586K Reduce -3.4%
NOW ServiceNow Inc. 0.21% 5,670 $563K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.20% 6,317 $544K No change
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.20% 8,788 $540K Add +9.3%
GGN Gamco GLBL Gold NTRL Res Inc. 0.20% 111,481 $540K No change
QQQ Invesco QQQ Trust Series 1 0.20% 732 $539K Add +42.1%
ZTS Zoetis Inc. 0.20% 7,424 $533K No change

Show all 167 holdings

Options reported separately and not counted above: QYLD calls ($41K).

Portfolio Sells Q1 2026 → Q2 2026
ARMK Aramark Sold out 0.00% −0.46
SEE Sealed Air Corp. Sold out 0.00% −0.39
XOM Exxon Mobil Corp. Sold out 0.00% −0.37
CNX CNX Resources Corp. Reduce -2.5% 1.46% −0.37
INGR Ingredion Inc. Reduce -3.2% 1.00% −0.32
WMB Williams Cos Inc. Reduce -19.3% 0.76% −0.23
NKE Nike Inc. Class B Reduce -0.2% 0.58% −0.22
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.1% 4.47% −0.18
MCD McDonald's Corp. Reduce -3.2% 0.61% −0.17
GOOG Alphabet Inc. Class C Reduce -17.1% 2.98% −0.15
CC The Chemours Co. Sold out 0.00% −0.14
PFE Pfizer Inc. Reduce -3.8% 0.45% −0.13
LBRDK Liberty Broadband-C Reduce -3.9% 0.15% −0.11
OXY Occidental Petroleum Corp. Sold out 0.00% −0.09
T AT&T Inc. Reduce -2.7% 0.17% −0.09
COP Conocophillips Sold out 0.00% −0.09
FISV Fiserv Inc. Sold out 0.00% −0.09
DIS The Walt Disney Co. Reduce -0.3% 1.01% −0.08
IBM Intl Business Machines Corp. Reduce -18.6% 0.54% −0.07
MDT Medtronic PLC Reduce -1.8% 0.32% −0.07
BN Brookfield Corp. Reduce -3.2% 1.16% −0.06
STWD Starwood Property Trust Inc. Reduce -1.7% 0.39% −0.06
VZ Verizon Communications Inc. Reduce -4.4% 0.17% −0.06
ENB Enbridge Inc. Reduce -1.8% 0.55% −0.05
LILAK Liberty Latin Americ Class C Reduce -4.5% 0.17% −0.05
CB Chubb Ltd. Reduce -7.5% 0.39% −0.04
PTLC Pacer Trendpilot US Large Ca Reduce -25.0% 0.13% −0.04
OEC Orion SA Reduce -4.6% 0.32% −0.03
NOBL Proshares S&P 500 Dividend A Reduce -1.9% 0.94% −0.03
META Meta Platforms Inc. Class A Reduce -0.7% 0.31% −0.03
BA The Boeing Co. Reduce -7.4% 0.46% −0.03
CMCSA Comcast Corp. Class A Reduce -2.9% 0.09% −0.03
BCC Boise Cascade Co. Reduce -0.6% 0.46% −0.03
KO The Coca-Cola Co. Reduce -1.9% 0.92% −0.02
UMH Umh Properties Inc. Reduce -9.6% 0.16% −0.02
UTG Reaves Utility Income Fund Reduce -0.6% 0.40% −0.02
HD Home Depot Inc. Reduce -0.7% 1.87% −0.02
GPK Graphic Packaging Holding Co. Reduce -4.0% 0.28% −0.01
OCSL Oaktree Specialty Lending Co. Reduce -0.8% 0.58% −0.01
FSK FS KKR Capital Corp. Reduce -1.1% 0.20% −0.01
KIO KKR Income Opportunities Reduce -0.6% 0.18% −0.01
VYM Vanguard High DVD Yield ETF Reduce -3.4% 0.22% −0.01
MTG Mgic Investment Corp. Reduce -1.9% 0.28% −0.01
BLDR Builders Firstsource Inc. Reduce -1.5% 0.45% −0.00
CWH Camping World Holdings Inc. Class A Reduce -4.8% 0.13% −0.00
BAC Bank of America Corp. Reduce -7.9% 0.86% +0.00
UPS United Parcel Service Class B Reduce -0.4% 0.40% +0.01
SYY Sysco Corp. Reduce -5.4% 0.22% +0.01
MAA Mid-America Apartment Comm Reduce -2.0% 0.26% +0.01
VTRS Viatris Inc. Reduce -1.0% 0.15% +0.01

Portfolio Buys Q1 2026 → Q2 2026
KMI Kinder Morgan Inc. New 0.69% +0.69
COLD Americold Realty Trust Inc. Add +5.7% 1.46% +0.38
NVO Novo-Nordisk A/S-Spons ADR Add +13.0% 0.42% +0.11
AVTR Avantor Inc. Add +14.2% 0.44% +0.11
PCT Purecycle Technologies Inc. Add +132.9% 0.16% +0.11
AMRZ Amrize Ltd. Add +42.1% 0.48% +0.10
VRT Vertiv Holdings Co. Class A New 0.09% +0.09
PNC PNC Financial Services Group New 0.09% +0.09
SNOW Snowflake Inc. New 0.09% +0.09
KDP Keurig Dr Pepper Inc. New 0.09% +0.09
TSLA Tesla Inc. New 0.08% +0.08
QQQ Invesco QQQ Trust Series 1 Add +42.1% 0.20% +0.08
IVOV Vanguard S&P Mid-Cap 400 Val New 0.08% +0.08
NBIS Nebius Group NV New 0.08% +0.08
QXO Qxo Inc. New 0.07% +0.07
CGDV Cap Group Dividend Value Add +35.7% 0.22% +0.07
C Citigroup Inc. Add +2.7% 0.45% +0.07
AZO AutoZone Inc. Add +21.7% 0.67% +0.05
CGGR Cap Group Growth Equity Add +4.2% 0.34% +0.04
UBER Uber Technologies Inc. Add +15.7% 0.41% +0.03
VTI VG Morningstar TS MKT ETF-US Add +0.1% 0.37% +0.03
JEPQ JPM Nasdaq Equity Premium Add +9.3% 0.20% +0.02
SPY SS SPDR S&P 500 ETF Trust-US Add +0.3% 0.19% +0.01
OPEN Opendoor Technologies Inc. Add +41.5% 0.03% +0.01
MRK Merck & Co. Inc. Add +0.6% 0.44% +0.00
GEHC GE Healthcare Technology Add +4.7% 0.09% −0.01
ARCC Ares Capital Corp. Add +0.2% 0.31% −0.01
AEM Agnico Eagle Mines Ltd. Add +12.4% 0.13% −0.03
MSFT Microsoft Corp. Add +5.2% 4.32% −0.06
CVX Chevron Corp. Add +0.0% 1.08% −0.37

Notes & Other Activity Q1 2026 → Q2 2026
EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) PFD CV TR SEC 28 Sold out 58,310 $2.0Mbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 167$268.2MAAPL, BRK.B, MSFT, UNH, SYK
Q1 2026 165$249.8MAAPL, BRK.B, MSFT, SYK, AMGN
Q4 2025 165$262.6MMSFT, AAPL, BRK.B, SYK, GOOG
Q3 2025 166$259.9MMSFT, BRK.B, AAPL, SYK, UNH
Q2 2025 163$252.6MMSFT, BRK.B, SYK, AAPL, UNH
Q1 2025 162$246.4MBRK.B, UNH, MSFT, AAPL, SYK
Q4 2024 163$247.8MMSFT, BRK.B, UNH, AAPL, SYK
Q3 2024 157$252.7MUNH, MSFT, BRK.B, AAPL, SYK