D L Carlson Investment Group Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), D L Carlson Investment Group Inc. reported 135 stock positions worth $592.8 million. Its top holding was Schwab US Broad Market ETF (SCHB) at 11.5% of the portfolio, followed by iShares Intermediate Governm (GVI, 8.5%) and Alphabet Class A (GOOGL, 4.1%). Compared with Q3 2025, it opened 7 new positions, sold out of 10, added to 37 and reduced 81. The biggest buy was iShares Core U.S. Aggregate (AGG, shares +231%) and the biggest sale iShares 1-5Y Inv Grade (IGSB, shares −42%).
- Most Recent 13F
- Q2 2026
- Location
- CONCORD, NH
- CIK
- 0001021117
- Portfolio Value
- $592.8M (Q4 2025)
- SEC Filing
- 0001021117-26-000001 ↗ filed Feb 17, 2026
Holdings Value
Holdings 135 stocks · $592.8M
| SCHB Schwab US Broad Market ETF | 11.49% | 2,597,862 | $68.1M | Reduce -0.5% |
| GVI iShares Intermediate Governm | 8.45% | 466,705 | $50.1M | Add +3.6% |
| GOOGL Alphabet Inc. Class A | 4.12% | 77,944 | $24.4M | Reduce -13.5% |
| MSFT Microsoft Corp. | 4.09% | 50,193 | $24.3M | Reduce -1.8% |
| AAPL Apple Inc. | 4.01% | 87,367 | $23.8M | Reduce -3.9% |
| NVDA Nvidia Corp. | 3.57% | 113,327 | $21.1M | Reduce -1.8% |
| AGG iShares Core U.S. Aggregate | 2.90% | 171,997 | $17.2M | Add +230.8% |
| AVDE Avantis International Equity | 2.88% | 207,369 | $17.1M | Add +5.2% |
| AMZN Amazon.com Inc. | 2.67% | 68,520 | $15.8M | Reduce -0.5% |
| IGIB iShares 5-10Y Inv Grade Corp. | 2.01% | 221,605 | $11.9M | Add +9.7% |
| JPM JPMorgan Chase & Co. | 1.97% | 36,175 | $11.7M | Reduce -1.9% |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.76% | 197,853 | $10.5M | Reduce -42.4% |
| RTX RTX Corp. | 1.60% | 51,600 | $9.5M | Reduce -9.7% |
| META Meta Platforms Inc. Class A | 1.53% | 13,733 | $9.1M | Reduce -1.9% |
| AVGO Broadcom Inc. | 1.35% | 23,055 | $8.0M | Add +1.0% |
| IAU iShares Gold Trust | 1.33% | 96,888 | $7.9M | Add +0.1% |
| XLE SS Energy Select Sector | 1.13% | 149,450 | $6.7M | Reduce -3.4% |
| BABA Alibaba Group Holding-SP ADR | 1.11% | 44,730 | $6.6M | Add +1.1% |
| JNJ Johnson & Johnson | 1.11% | 31,671 | $6.6M | Reduce -0.8% |
| AVEM Avantis Emerging Markets Eq | 1.09% | 84,071 | $6.5M | Add +11.4% |
| GEV GE Vernova Inc. | 1.09% | 9,880 | $6.5M | Reduce -21.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.07% | 12,670 | $6.4M | Reduce -1.1% |
| HPE Hewlett Packard Enterprise | 1.07% | 264,802 | $6.4M | Reduce -17.0% |
| ISRG Intuitive Surgical Inc. | 1.00% | 10,489 | $5.9M | Reduce -1.7% |
| WELL Welltower Inc. | 0.95% | 30,305 | $5.6M | Reduce -1.3% |
| TSLA Tesla Inc. | 0.92% | 12,173 | $5.5M | Add +386.5% |
| GE General Electric filed as GE AEROSPACE | 0.92% | 17,643 | $5.4M | Reduce -1.0% |
| TXN Texas Instruments Inc. | 0.84% | 28,767 | $5.0M | Reduce -0.9% |
| PWR Quanta Services Inc. | 0.82% | 11,462 | $4.8M | Reduce -0.3% |
| BA The Boeing Co. | 0.81% | 22,029 | $4.8M | Add +29.1% |
| PG The Procter & Gamble Co. | 0.80% | 33,116 | $4.7M | Reduce -3.4% |
| XOM Exxon Mobil Corp. | 0.77% | 37,910 | $4.6M | Add +0.2% |
| CLH Clean Harbors Inc. | 0.75% | 18,991 | $4.5M | New |
| KTOS Kratos Defense & Security | 0.74% | 57,454 | $4.4M | Reduce -38.2% |
| BX Blackstone Inc. | 0.73% | 28,186 | $4.3M | Reduce -0.4% |
| ILOW AB Internal Low Volat Eq ETF filed as AB ACTIVE ETFS INC | 0.71% | 98,839 | $4.2M | Add +11.5% |
| CRM Salesforce Inc. | 0.69% | 15,386 | $4.1M | Reduce -1.0% |
| FROG Jfrog Ltd. | 0.68% | 64,568 | $4.0M | Add +0.7% |
| SPGI S&P Global Inc. | 0.64% | 7,213 | $3.8M | Reduce -7.8% |
| NFLX Netflix Inc. | 0.63% | 39,879 | $3.7M | Reduce -26.2% |
| MCK McKesson Corp. | 0.62% | 4,465 | $3.7M | Add +58.0% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.61% | 31,284 | $3.6M | Add +2.2% |
| HD Home Depot Inc. | 0.61% | 10,470 | $3.6M | Reduce -2.7% |
| WING Wingstop Inc. | 0.59% | 14,759 | $3.5M | Reduce -1.0% |
| NTRS Northern Trust Corp. | 0.59% | 25,691 | $3.5M | Add +0.6% |
| SYK Stryker Corp. | 0.59% | 9,893 | $3.5M | Reduce -0.7% |
| AMGN Amgen Inc. | 0.57% | 10,332 | $3.4M | Reduce -0.3% |
| MS Morgan Stanley | 0.57% | 18,969 | $3.4M | Reduce -5.2% |
| BIDU Baidu Inc. - Spon ADR | 0.57% | 25,723 | $3.4M | New |
| PFF iShares Preferred & Income S | 0.56% | 106,654 | $3.3M | Add +10.2% |
| MBB iShares MBS ETF | 0.55% | 34,182 | $3.3M | Add +20.7% |
| SCHW Schwab (charles) Corp. | 0.54% | 32,187 | $3.2M | Add +0.1% |
| BAB Invesco Taxable Municipal Bo | 0.53% | 116,062 | $3.2M | Add +14.7% |
| GS Goldman Sachs Group Inc. | 0.53% | 3,588 | $3.2M | Add +0.6% |
| JLL Jones Lang Lasalle Inc. | 0.53% | 9,325 | $3.1M | Add +0.1% |
| KEY Keycorp | 0.52% | 150,382 | $3.1M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.49% | 4,280 | $2.9M | Add +0.6% |
| XLP SS Consumer Staples Sel Sect | 0.49% | 37,515 | $2.9M | Add +251.1% |
| ICE Intercontinental Exchange Inc. | 0.49% | 17,951 | $2.9M | Reduce -2.6% |
| LLY Eli Lilly & Co. | 0.48% | 2,650 | $2.8M | Reduce -0.7% |
| POST Post Holdings Inc. filed as POST HLDGS INC | 0.48% | 28,587 | $2.8M | Reduce -2.0% |
| JPEF JPMorgan Equity Focus ETF | 0.43% | 34,220 | $2.6M | Add +8.8% |
| FALN iShares Fallen Angels ETF | 0.43% | 92,513 | $2.5M | Add +14.8% |
| IDXX Idexx Laboratories Inc. | 0.42% | 3,719 | $2.5M | Add +1.1% |
| DHR Danaher Corp. | 0.41% | 10,711 | $2.5M | New |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.41% | 56,371 | $2.4M | Add +16.7% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.40% | 56,144 | $2.4M | Reduce -1.9% |
| MUB iShares National Muni Bond E | 0.39% | 21,782 | $2.3M | Reduce -68.7% |
| CTSH Cognizant Tech Solutions-A | 0.37% | 26,322 | $2.2M | Reduce -41.8% |
| SO The Southern Co. | 0.36% | 24,301 | $2.1M | Add +1.9% |
| LIN Linde PLC | 0.33% | 4,639 | $2.0M | Reduce -2.4% |
| GLD SPDR Gold Shares | 0.33% | 4,959 | $2.0M | Reduce -1.1% |
| CNP Centerpoint Energy Inc. | 0.32% | 49,177 | $1.9M | Reduce -0.3% |
| REG Regency Centers Corp. | 0.31% | 26,831 | $1.9M | Reduce -2.9% |
| EQT Eqt Corp. | 0.30% | 33,531 | $1.8M | Reduce -22.6% |
| XBI SS SPDR S&P Biotech ETF | 0.29% | 14,302 | $1.7M | New |
| PFE Pfizer Inc. | 0.29% | 69,551 | $1.7M | Reduce -0.1% |
| AMD Advanced Micro Devices | 0.26% | 7,319 | $1.6M | Reduce -14.7% |
| PBF PBF Energy Inc. Class A | 0.25% | 55,310 | $1.5M | Add +2.8% |
| XLB SS Materials Select Sector | 0.24% | 31,160 | $1.4M | Reduce -9.4% |
| ACI Albertsons Cos Inc. Class A | 0.21% | 72,179 | $1.2M | Reduce -55.9% |
| IR Ingersoll-Rand Inc. | 0.20% | 15,058 | $1.2M | Reduce -13.3% |
| GOOG Alphabet Inc. Class C | 0.20% | 3,747 | $1.2M | Reduce -21.8% |
| AMAT Applied Materials Inc. | 0.19% | 4,459 | $1.1M | Reduce -0.5% |
| XLF SS Financial Select Sector | 0.19% | 20,245 | $1.1M | Add +3.3% |
| IWM iShares Russell 2000 ETF | 0.18% | 4,425 | $1.1M | Reduce -6.1% |
| WPM Wheaton Precious Metals Corp. | 0.17% | 8,692 | $1.0M | New |
| XLK SS Technology Select Sector | 0.15% | 6,229 | $897K | Reduce -2.3% |
| IVV iShares Core S&P 500 ETF | 0.15% | 1,296 | $888K | Reduce -0.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.14% | 1,388 | $853K | Add +5.5% |
| IYJ iShares U.S. Industrials ETF | 0.14% | 5,454 | $808K | Reduce -13.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.13% | 2,349 | $788K | Reduce -7.0% |
| ESI Element Solutions Inc. | 0.12% | 29,557 | $739K | New |
| SCHZ Schwab US Aggregate Bond ETF | 0.12% | 31,504 | $736K | Add +2.2% |
| AGGM iShares 1-10 Year U.S. Aggre | 0.12% | 7,008 | $734K | No change |
| RGEN Repligen Corp. | 0.12% | 4,463 | $731K | Reduce -10.4% |
| MCD McDonald's Corp. | 0.11% | 2,137 | $653K | No change |
| IEF iShares 7-10 Year Treasury B | 0.10% | 6,240 | $600K | Reduce -6.3% |
| SCHK Schwab 1000 Index ETF | 0.10% | 17,961 | $589K | Add +0.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.10% | 10,453 | $575K | Reduce -8.4% |
Portfolio Sells Q3 2025 → Q4 2025
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -42.4% | 1.76% | −1.29 |
| MUB iShares National Muni Bond E | Reduce -68.7% | 0.39% | −0.85 |
| KTOS Kratos Defense & Security | Reduce -38.2% | 0.74% | −0.69 |
| ZG Zillow Group Inc. Class A | Sold out | 0.00% | −0.57 |
| ORCL Oracle Corp. | Reduce -78.9% | 0.10% | −0.56 |
| QXO Qxo Inc. | Sold out | 0.00% | −0.53 |
| CRCL Circle Internet Group Inc. | Sold out | 0.00% | −0.51 |
| HON Honeywell International Inc. | Reduce -82.8% | 0.10% | −0.50 |
| NFLX Netflix Inc. | Reduce -26.2% | 0.63% | −0.46 |
| VIRT Virtu Financial Inc. Class A | Sold out | 0.00% | −0.42 |
| CI The Cigna Group | Sold out | 0.00% | −0.40 |
| MSFT Microsoft Corp. | Reduce -1.8% | 4.09% | −0.35 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.31 |
| ACI Albertsons Cos Inc. Class A | Reduce -55.9% | 0.21% | −0.27 |
| STIP iShares 0-5 Year Tips Bond E | Sold out | 0.00% | −0.25 |
| HPE Hewlett Packard Enterprise | Reduce -17.0% | 1.07% | −0.24 |
| GEV GE Vernova Inc. | Reduce -21.0% | 1.09% | −0.20 |
| META Meta Platforms Inc. Class A | Reduce -1.9% | 1.53% | −0.20 |
| CTSH Cognizant Tech Solutions-A | Reduce -41.8% | 0.37% | −0.14 |
| HD Home Depot Inc. | Reduce -2.7% | 0.61% | −0.12 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.10 |
| JMST JPM Ultra-Short Muni Income | Reduce -74.2% | 0.03% | −0.10 |
| EQT Eqt Corp. | Reduce -22.6% | 0.30% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -3.4% | 0.80% | −0.08 |
| BX Blackstone Inc. | Reduce -0.4% | 0.73% | −0.08 |
| TXN Texas Instruments Inc. | Reduce -0.9% | 0.84% | −0.05 |
| NVDA Nvidia Corp. | Reduce -1.8% | 3.57% | −0.05 |
| POST Post Holdings Inc. | Reduce -2.0% | 0.48% | −0.05 |
| LIN Linde PLC | Reduce -2.4% | 0.33% | −0.05 |
| FLOT iShares Floating Rate Bond E | Sold out | 0.00% | −0.04 |
| IR Ingersoll-Rand Inc. | Reduce -13.3% | 0.20% | −0.04 |
| GBCI Glacier Bancorp Inc. | Sold out | 0.00% | −0.04 |
| WING Wingstop Inc. | Reduce -1.0% | 0.59% | −0.04 |
| IGLB iShares 10+ Year Inv GR Corp. | Reduce -27.7% | 0.09% | −0.04 |
| XLE SS Energy Select Sector | Reduce -3.4% | 1.13% | −0.03 |
| SYK Stryker Corp. | Reduce -0.7% | 0.59% | −0.03 |
| ICE Intercontinental Exchange Inc. | Reduce -2.6% | 0.49% | −0.03 |
| REG Regency Centers Corp. | Reduce -2.9% | 0.31% | −0.03 |
| XLB SS Materials Select Sector | Reduce -9.4% | 0.24% | −0.02 |
| TLH iShares 10-20 Year Treasury | Reduce -20.2% | 0.07% | −0.02 |
| IYJ iShares U.S. Industrials ETF | Reduce -13.0% | 0.14% | −0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -1.9% | 0.40% | −0.01 |
| UNP Union Pacific Corp. | Reduce -18.3% | 0.06% | −0.01 |
| JPST JPMorgan Ultra-Short Income | Reduce -10.4% | 0.09% | −0.01 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -13.3% | 0.06% | −0.01 |
| RTX RTX Corp. | Reduce -9.7% | 1.60% | −0.01 |
| IYW iShares Ustechnology ETF | Reduce -12.4% | 0.08% | −0.01 |
| SCHG Schwab US Large-Cap Growth | Reduce -11.5% | 0.08% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -6.1% | 0.18% | −0.01 |
| IEF iShares 7-10 Year Treasury B | Reduce -6.3% | 0.10% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| AGG iShares Core U.S. Aggregate | Add +230.8% | 2.90% | +2.02 |
| CLH Clean Harbors Inc. | New | 0.75% | +0.75 |
| TSLA Tesla Inc. | Add +386.5% | 0.92% | +0.74 |
| BIDU Baidu Inc. - Spon ADR | New | 0.57% | +0.57 |
| KEY Keycorp | New | 0.52% | +0.52 |
| DHR Danaher Corp. | New | 0.41% | +0.41 |
| XLP SS Consumer Staples Sel Sect | Add +251.1% | 0.49% | +0.35 |
| GVI iShares Intermediate Governm | Add +3.6% | 8.45% | +0.33 |
| XBI SS SPDR S&P Biotech ETF | New | 0.29% | +0.29 |
| AVDE Avantis International Equity | Add +5.2% | 2.88% | +0.27 |
| MCK McKesson Corp. | Add +58.0% | 0.62% | +0.25 |
| BA The Boeing Co. | Add +29.1% | 0.81% | +0.19 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +9.7% | 2.01% | +0.18 |
| WPM Wheaton Precious Metals Corp. | New | 0.17% | +0.17 |
| FROG Jfrog Ltd. | Add +0.7% | 0.68% | +0.17 |
| IAU iShares Gold Trust | Add +0.1% | 1.33% | +0.14 |
| AVEM Avantis Emerging Markets Eq | Add +11.4% | 1.09% | +0.14 |
| ESI Element Solutions Inc. | New | 0.12% | +0.12 |
| MBB iShares MBS ETF | Add +20.7% | 0.55% | +0.10 |
| AVGO Broadcom Inc. | Add +1.0% | 1.35% | +0.08 |
| ILOW AB Internal Low Volat Eq ETF | Add +11.5% | 0.71% | +0.08 |
| BAB Invesco Taxable Municipal Bo | Add +14.7% | 0.53% | +0.07 |
| JLL Jones Lang Lasalle Inc. | Add +0.1% | 0.53% | +0.06 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +16.7% | 0.41% | +0.06 |
| GS Goldman Sachs Group Inc. | Add +0.6% | 0.53% | +0.06 |
| XOM Exxon Mobil Corp. | Add +0.2% | 0.77% | +0.05 |
| BNY Bank of New York Mellon Corp. | Add +2.2% | 0.61% | +0.05 |
| FALN iShares Fallen Angels ETF | Add +14.8% | 0.43% | +0.05 |
| PFF iShares Preferred & Income S | Add +10.2% | 0.56% | +0.04 |
| JPEF JPMorgan Equity Focus ETF | Add +8.8% | 0.43% | +0.04 |
| IDXX Idexx Laboratories Inc. | Add +1.1% | 0.42% | +0.03 |
| SCHW Schwab (charles) Corp. | Add +0.1% | 0.54% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.6% | 0.49% | +0.02 |
| NTRS Northern Trust Corp. | Add +0.6% | 0.59% | +0.01 |
| NEM Newmont Corp. | Add +0.5% | 0.08% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +5.5% | 0.14% | +0.01 |
| XLF SS Financial Select Sector | Add +3.3% | 0.19% | +0.01 |
| SCHK Schwab 1000 Index ETF | Add +0.3% | 0.10% | +0.00 |
| SCHZ Schwab US Aggregate Bond ETF | Add +2.2% | 0.12% | +0.00 |
| VEU Vanguard Ftse All-World Ex-U | Add +1.4% | 0.04% | +0.00 |
| SHY iShares 1-3 Year Treasury Bo | Add +1.1% | 0.03% | +0.00 |
| PBF PBF Energy Inc. Class A | Add +2.8% | 0.25% | −0.02 |
| SO The Southern Co. | Add +1.9% | 0.36% | −0.02 |
| BABA Alibaba Group Holding-SP ADR | Add +1.1% | 1.11% | −0.22 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 133 | $628.1M | SCHB, GVI, GOOGL, AAPL, AVDE |
| Q1 2026 | 135 | $581.8M | SCHB, GVI, AAPL, AVDE, GOOGL |
| Q4 2025 | 135 | $592.8M | SCHB, GVI, GOOGL, MSFT, AAPL |
| Q3 2025 | 138 | $595.8M | SCHB, GVI, MSFT, AAPL, GOOGL |
| Q2 2025 | 130 | $548.6M | SCHB, GVI, MSFT, AAPL, NVDA |
| Q1 2025 | 136 | $520.4M | SCHB, GVI, AAPL, MSFT, GOOGL |
| Q4 2024 | 147 | $561.1M | SCHB, GVI, AAPL, MSFT, GOOGL |
| Q3 2024 | 145 | $552.5M | SCHB, GVI, AAPL, MSFT, GOOGL |
| Q2 2024 | 137 | $518.1M | SCHB, GVI, MSFT, AAPL, GOOGL |
| Q1 2024 | 139 | $512.1M | SCHB, GVI, MSFT, AAPL, GOOGL |