Concord Investment Counsel Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Concord Investment Counsel Inc. reported 40 stock positions worth $307.9 million. Its top holding was Nvidia (NVDA) at 13.2% of the portfolio, followed by Apple (AAPL, 7.6%) and Alphabet Class A (GOOGL, 7.5%). Compared with Q3 2025, it opened 1 new position, added to 3 and reduced 34. The biggest buy was Marriott International Class A (MAR, shares +30%) and the biggest sale Salesforce (CRM, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- IRVINE, CA
- CIK
- 0002022154
- Portfolio Value
- $307.9M (Q4 2025)
- SEC Filing
- 0002022154-26-000001 ↗ filed Feb 10, 2026
Holdings Value
Holdings 40 stocks · $307.9M
| NVDA Nvidia Corp. | 13.22% | 218,255 | $40.7M | Reduce -9.5% |
| AAPL Apple Inc. | 7.62% | 86,276 | $23.5M | Reduce -16.8% |
| GOOGL Alphabet Inc. Class A | 7.51% | 73,924 | $23.1M | Reduce -4.0% |
| AMZN Amazon.com Inc. | 7.15% | 95,393 | $22.0M | Reduce -5.1% |
| XLI SS Industrial Select Sector | 7.01% | 139,101 | $21.6M | Reduce -1.9% |
| QQQ Invesco QQQ Trust Series 1 | 4.80% | 24,080 | $14.8M | Reduce -1.3% |
| MSFT Microsoft Corp. | 4.57% | 29,072 | $14.1M | Reduce -9.2% |
| META Meta Platforms Inc. Class A | 4.46% | 20,825 | $13.7M | Reduce -1.7% |
| NFLX Netflix Inc. | 3.97% | 130,447 | $12.2M | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 3.87% | 36,948 | $11.9M | Reduce -2.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 3.75% | 209,905 | $11.5M | Reduce -0.4% |
| XLK SS Technology Select Sector | 2.86% | 61,198 | $8.8M | Reduce -2.8% |
| MAR Marriott International Class A | 2.80% | 27,785 | $8.6M | Add +29.6% |
| XLE SS Energy Select Sector | 2.62% | 180,420 | $8.1M | Reduce -2.4% |
| UNH Unitedhealth Group Inc. | 2.60% | 24,277 | $8.0M | Reduce -3.8% |
| V Visa Inc. Class A | 2.56% | 22,517 | $7.9M | Reduce -2.1% |
| ETN Eaton Corp. PLC | 2.55% | 24,675 | $7.9M | Reduce -3.2% |
| SOXX iShares Semiconductor ETF | 2.17% | 22,234 | $6.7M | Reduce -3.2% |
| LLY Eli Lilly & Co. | 1.97% | 5,644 | $6.1M | Reduce -1.9% |
| DHI D.R. Horton Inc. | 1.67% | 35,612 | $5.1M | Add +51.9% |
| RCL Royal Caribbean Cruises Ltd. | 1.53% | 16,938 | $4.7M | Add +67.6% |
| IBB iShares Biotechnology ETF | 1.51% | 27,520 | $4.6M | Reduce -3.5% |
| IHE iShares US Pharmaceuticals E | 1.38% | 50,022 | $4.2M | Reduce -3.3% |
| XLP SS Consumer Staples Sel Sect | 1.38% | 54,547 | $4.2M | Reduce -2.9% |
| COST Costco Wholesale Corp. | 1.36% | 4,848 | $4.2M | Reduce -1.5% |
| SNOW Snowflake Inc. | 0.90% | 12,702 | $2.8M | New |
| IHI iShares U.S. Medical Devices | 0.86% | 42,849 | $2.7M | Reduce -3.6% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.42% | 15,888 | $1.3M | Reduce -4.4% |
| MBB iShares MBS ETF | 0.22% | 7,188 | $684K | Reduce -16.1% |
| PCM PCM Fund Inc. | 0.15% | 74,692 | $459K | Reduce -24.8% |
| IYE iShares U.S. Energy ETF | 0.13% | 8,173 | $388K | No change |
| GOOG Alphabet Inc. Class C | 0.10% | 1,029 | $323K | Reduce -62.3% |
| ORCL Oracle Corp. | 0.09% | 1,393 | $272K | Reduce -24.4% |
| QCOM Qualcomm Inc. | 0.07% | 1,193 | $204K | Reduce -32.7% |
| PG The Procter & Gamble Co. | 0.05% | 1,018 | $146K | Reduce -35.3% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.04% | 2,849 | $109K | Reduce -12.0% |
| GIS General Mills Inc. | 0.04% | 2,335 | $109K | Reduce -29.8% |
| CVX Chevron Corp. | 0.03% | 660 | $101K | Reduce -24.1% |
| CRM Salesforce Inc. | 0.01% | 166 | $44K | Reduce -99.0% |
| XLY SS Consumer Disc Select Sect | 0.00% | 58 | $7K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| CRM Salesforce Inc. | Reduce -99.0% | 0.01% | −1.29 |
| NVDA Nvidia Corp. | Reduce -9.5% | 13.22% | −1.07 |
| NFLX Netflix Inc. | Reduce -0.3% | 3.97% | −1.01 |
| AAPL Apple Inc. | Reduce -16.8% | 7.62% | −0.76 |
| MSFT Microsoft Corp. | Reduce -9.2% | 4.57% | −0.70 |
| META Meta Platforms Inc. Class A | Reduce -1.7% | 4.46% | −0.48 |
| ETN Eaton Corp. PLC | Reduce -3.2% | 2.55% | −0.47 |
| UNH Unitedhealth Group Inc. | Reduce -3.8% | 2.60% | −0.16 |
| GOOG Alphabet Inc. Class C | Reduce -62.3% | 0.10% | −0.11 |
| COST Costco Wholesale Corp. | Reduce -1.5% | 1.36% | −0.09 |
| ORCL Oracle Corp. | Reduce -24.4% | 0.09% | −0.08 |
| PCM PCM Fund Inc. | Reduce -24.8% | 0.15% | −0.06 |
| MBB iShares MBS ETF | Reduce -16.1% | 0.22% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -35.3% | 0.05% | −0.03 |
| QCOM Qualcomm Inc. | Reduce -32.7% | 0.07% | −0.03 |
| XLP SS Consumer Staples Sel Sect | Reduce -2.9% | 1.38% | −0.02 |
| GIS General Mills Inc. | Reduce -29.8% | 0.04% | −0.02 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -4.4% | 0.42% | −0.01 |
| CVX Chevron Corp. | Reduce -24.1% | 0.03% | −0.01 |
| XLE SS Energy Select Sector | Reduce -2.4% | 2.62% | −0.00 |
| SLB SLB Ltd. | Reduce -12.0% | 0.04% | +0.00 |
| IHI iShares U.S. Medical Devices | Reduce -3.6% | 0.86% | +0.02 |
| XLK SS Technology Select Sector | Reduce -2.8% | 2.86% | +0.05 |
| XLI SS Industrial Select Sector | Reduce -1.9% | 7.01% | +0.07 |
| JPM JPMorgan Chase & Co. | Reduce -2.6% | 3.87% | +0.07 |
| V Visa Inc. Class A | Reduce -2.1% | 2.56% | +0.07 |
| AMZN Amazon.com Inc. | Reduce -5.1% | 7.15% | +0.15 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.3% | 4.80% | +0.15 |
| IHE iShares US Pharmaceuticals E | Reduce -3.3% | 1.38% | +0.19 |
| SOXX iShares Semiconductor ETF | Reduce -3.2% | 2.17% | +0.20 |
| IBB iShares Biotechnology ETF | Reduce -3.5% | 1.51% | +0.20 |
| BAC Bank of America Corp. | Reduce -0.4% | 3.75% | +0.30 |
| LLY Eli Lilly & Co. | Reduce -1.9% | 1.97% | +0.58 |
| GOOGL Alphabet Inc. Class A | Reduce -4.0% | 7.51% | +1.57 |