Deroy & Devereaux Private Investment Counsel Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 28, 2025), Deroy & Devereaux Private Investment Counsel Inc. reported 163 stock positions worth $1.8 billion. Its top holding was JPMorgan Chase (JPM) at 2.6% of the portfolio, followed by Reliance (RS, 2.5%) and HCA Healthcare (HCA, 2.5%). Compared with Q1 2025, it opened 11 new positions, sold out of 11, added to 42 and reduced 86. The biggest buy was a new position in Capital One Financial (COF) and the biggest sale an exit from Discover Financial Services (DFS).
- Most Recent 13F
- Q2 2026
- Location
- BLOOMFIELD HILLS, MI
- CIK
- 0001278678
- Portfolio Value
- $1.8B (Q2 2025)
- SEC Filing
- 0001278678-25-000007 ↗ filed Jul 28, 2025
Holdings Value
Holdings 163 stocks · $1.8B
| JPM JPMorgan Chase & Co. | 2.64% | 167,285 | $48.5M | Reduce -2.3% |
| RS Reliance Inc. | 2.55% | 149,318 | $46.9M | Reduce -0.6% |
| HCA HCA Healthcare Inc. | 2.46% | 117,979 | $45.2M | Reduce -1.8% |
| MS Morgan Stanley | 2.43% | 317,245 | $44.7M | Reduce -1.6% |
| RJF Raymond James Financial Inc. | 2.37% | 284,869 | $43.7M | Reduce -1.2% |
| JBTM JBT Marel Corp. | 2.16% | 330,659 | $39.8M | Add +34.7% |
| AZO AutoZone Inc. | 2.11% | 10,446 | $38.8M | Reduce -18.4% |
| FISV Fiserv Inc. | 2.06% | 219,332 | $37.8M | Reduce -0.7% |
| DTM DT Midstream Inc. | 2.04% | 341,477 | $37.5M | Reduce -1.2% |
| PNR Pentair PLC | 2.02% | 362,708 | $37.2M | Reduce -0.8% |
| CACI Caci International Inc. Class A | 2.00% | 77,229 | $36.8M | Reduce -0.9% |
| CSL Carlisle Cos Inc. | 1.99% | 97,881 | $36.5M | Reduce -1.3% |
| BLBD Blue Bird Corp. | 1.93% | 823,096 | $35.5M | Add +27.9% |
| CB Chubb Ltd. | 1.91% | 121,153 | $35.1M | Reduce -1.3% |
| DELL Dell Technologies -C | 1.87% | 280,903 | $34.4M | Reduce -0.2% |
| COF Capital One Financial Corp. | 1.80% | 155,339 | $33.0M | New |
| RTX RTX Corp. | 1.73% | 218,314 | $31.9M | Reduce -1.9% |
| EA Electronic Arts Inc. | 1.69% | 194,870 | $31.1M | Reduce -1.2% |
| XOM Exxon Mobil Corp. | 1.65% | 282,253 | $30.4M | Reduce -0.1% |
| TFC Truist Financial Corp. | 1.63% | 699,659 | $30.1M | Reduce -0.1% |
| ORCL Oracle Corp. | 1.61% | 135,262 | $29.6M | Reduce -29.8% |
| CVX Chevron Corp. | 1.55% | 199,252 | $28.5M | Add +0.3% |
| LKQ LKQ Corp. | 1.55% | 768,313 | $28.4M | Reduce -1.6% |
| WBS Webster Financial Corp. | 1.52% | 510,852 | $27.9M | Reduce -0.8% |
| CVS CVS Health Corp. | 1.47% | 391,086 | $27.0M | Reduce -0.3% |
| BDX Becton Dickinson and Co. | 1.46% | 156,143 | $26.9M | Add +16.9% |
| HWM Howmet Aerospace Inc. | 1.46% | 144,447 | $26.9M | Reduce -25.5% |
| MAS Masco Corp. | 1.46% | 417,267 | $26.9M | Add +0.8% |
| DOX Amdocs Ltd. | 1.46% | 294,307 | $26.9M | Reduce -1.9% |
| ANF Abercrombie & Fitch Co. Class A | 1.45% | 322,035 | $26.7M | New |
| DAL Delta Air Lines Inc. | 1.45% | 542,295 | $26.7M | Reduce -0.1% |
| WTW Willis Towers Watson PLC | 1.44% | 86,498 | $26.5M | Reduce -0.5% |
| MDU Mdu Resources Group Inc. | 1.42% | 1,565,582 | $26.1M | New |
| PRKS United Parks & Resorts Inc. | 1.42% | 552,702 | $26.1M | Reduce -0.8% |
| PNC PNC Financial Services Group | 1.39% | 137,676 | $25.7M | Reduce -0.1% |
| LRCX Lam Research Corp. | 1.39% | 263,089 | $25.6M | Add +0.1% |
| CI The Cigna Group | 1.35% | 75,014 | $24.8M | Reduce -0.4% |
| MSFT Microsoft Corp. | 1.35% | 49,849 | $24.8M | Add +1.8% |
| PGR Progressive Corp. | 1.34% | 92,276 | $24.6M | Reduce -0.5% |
| GOOG Alphabet Inc. Class C | 1.29% | 133,730 | $23.7M | Reduce -0.1% |
| TOL Toll Brothers Inc. | 1.27% | 205,292 | $23.4M | Add +36.9% |
| VONG Vanguard Russell 1000 Growth | 1.25% | 210,870 | $23.0M | Reduce -1.5% |
| T AT&T Inc. | 1.24% | 789,082 | $22.8M | Add +0.4% |
| SONO Sonos Inc. | 1.20% | 2,039,098 | $22.0M | Add +22.0% |
| RHP Ryman Hospitality Properties | 1.19% | 221,620 | $21.9M | Add +0.5% |
| WM Waste Management Inc. | 1.19% | 95,508 | $21.9M | Add +0.3% |
| ALL Allstate Corp. | 1.12% | 102,694 | $20.7M | Reduce -0.7% |
| BC Brunswick Corp. | 1.07% | 355,292 | $19.6M | Add +24.9% |
| ZBH Zimmer Biomet Holdings Inc. | 1.05% | 212,004 | $19.3M | Reduce -0.1% |
| MU Micron Technology Inc. | 1.04% | 155,618 | $19.2M | Reduce -35.4% |
| LHX L3HARRIS Technologies Inc. | 1.03% | 75,880 | $19.0M | Add +0.1% |
| STX Seagate Technology Holdings | 0.97% | 123,286 | $17.8M | New |
| VSH Vishay Intertechnology Inc. | 0.95% | 1,100,353 | $17.5M | Reduce -0.8% |
| TER Teradyne Inc. | 0.94% | 192,349 | $17.3M | Add +4.6% |
| PEP Pepsico Inc. | 0.88% | 122,823 | $16.2M | Reduce -1.4% |
| A Agilent Technologies Inc. | 0.88% | 137,173 | $16.2M | Reduce -0.9% |
| AAPL Apple Inc. | 0.81% | 72,825 | $14.9M | Reduce -1.6% |
| MDLZ Mondelez International Inc. Class A | 0.75% | 204,252 | $13.8M | Reduce -2.1% |
| MPLX MPLX LP | 0.61% | 217,639 | $11.2M | Add +0.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.54% | 32,769 | $10.0M | Add +4.3% |
| EPD Enterprise Products Partners | 0.48% | 286,250 | $8.9M | Add +0.5% |
| EVR Evercore Inc. Class A | 0.45% | 30,895 | $8.3M | Reduce -2.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.39% | 11,593 | $7.2M | Add +22.0% |
| UHS Universal Health Services-B | 0.35% | 35,425 | $6.4M | Reduce -2.6% |
| SNV Synovus Financial Corp. | 0.29% | 103,840 | $5.4M | Reduce -2.7% |
| ALK Alaska Air Group Inc. | 0.28% | 102,945 | $5.1M | Add +24.4% |
| FIX Comfort Systems USA Inc. | 0.27% | 9,434 | $5.1M | Reduce -2.4% |
| VNOM Viper Energy Inc. | 0.26% | 126,075 | $4.8M | Reduce -13.0% |
| CCK Crown Holdings Inc. | 0.26% | 45,655 | $4.7M | Reduce -2.6% |
| AGCO Agco Corp. | 0.25% | 45,343 | $4.7M | Add +30.1% |
| IGIC International General Insura filed as INTL GNRL INSURANCE HLDNGS L | 0.25% | 190,545 | $4.6M | Reduce -2.7% |
| STE Steris PLC | 0.23% | 17,395 | $4.2M | Reduce -2.4% |
| CG The Carlyle Group Inc. | 0.23% | 81,185 | $4.2M | Reduce -2.7% |
| AMZN Amazon.com Inc. | 0.22% | 18,405 | $4.0M | Add +14.9% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.21% | 49,140 | $3.9M | Add +2.6% |
| TTWO Take-Two Interactive Softwre | 0.21% | 15,596 | $3.8M | Reduce -23.9% |
| IUSV iShares Core S&P U.S. Value | 0.20% | 39,748 | $3.8M | Reduce -4.8% |
| DINO HF Sinclair Corp. | 0.20% | 89,115 | $3.7M | Add +34.4% |
| CSV Carriage Services Inc. | 0.20% | 79,155 | $3.6M | Reduce -2.7% |
| NOMD Nomad Foods Ltd. | 0.19% | 204,660 | $3.5M | Reduce -2.6% |
| HSIC Henry Schein Inc. | 0.19% | 47,585 | $3.5M | Reduce -2.8% |
| WAT Waters Corp. | 0.18% | 9,725 | $3.4M | Reduce -2.1% |
| OUT Outfront Media Inc. | 0.18% | 206,944 | $3.4M | Reduce -2.4% |
| PRSU Pursuit Attractions and Hosp | 0.18% | 113,720 | $3.3M | Reduce -2.6% |
| NWE Northwestern Energy Group Inc. | 0.18% | 63,020 | $3.2M | Reduce -2.5% |
| APLE Apple Hospitality REIT Inc. | 0.17% | 274,167 | $3.2M | Add +56.7% |
| GOOGL Alphabet Inc. Class A | 0.17% | 17,932 | $3.2M | Reduce -2.4% |
| MUSA Murphy USA Inc. | 0.16% | 7,445 | $3.0M | Reduce -2.6% |
| GLPI Gaming and Leisure Propertie | 0.16% | 64,355 | $3.0M | Reduce -2.8% |
| AUB Atlantic Union Bankshares Co. | 0.16% | 92,415 | $2.9M | Reduce -0.3% |
| TXO Txo Partners LP | 0.15% | 180,000 | $2.7M | Add +560.5% |
| PR Permian Resources Corp. Class A | 0.14% | 187,455 | $2.6M | Reduce -2.8% |
| MTCH Match Group Inc. | 0.12% | 70,975 | $2.2M | Reduce -2.6% |
| WEX Wex Inc. | 0.12% | 14,898 | $2.2M | New |
| COST Costco Wholesale Corp. | 0.11% | 2,050 | $2.0M | Add +24.2% |
| VTWG Vanguard Russell 2000 Growth | 0.11% | 9,718 | $2.0M | Reduce -5.8% |
| VEU Vanguard Ftse All-World Ex-U | 0.11% | 29,191 | $2.0M | Reduce -10.5% |
| NVDA Nvidia Corp. | 0.10% | 11,990 | $1.9M | Add +2.5% |
| LLY Eli Lilly & Co. | 0.09% | 2,220 | $1.7M | Reduce -16.7% |
| EMR Emerson Electric Co. | 0.09% | 12,103 | $1.6M | Add +0.4% |
Other holdings (5): bonds, preferreds, convertibles and warrants · $9.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 3,019 | $3.5M | Add +1.0% |
| BANK OF AMERICA CORP (BAC F PERP 02) | COM | 85,761 | $1.7M | No change |
| REGIONS FINANCIAL CORP (RF V6.95 PERP) | Common Stock | 67,000 | $1.7M | Add +4.7% |
| M&T BANK CORPORATION (MTB 7.5 PERP J) | Common Stock | 59,400 | $1.6M | Reduce -0.2% |
| ALLSTATE CORP (ALL 7.375 PERP J) | PERP PFD J | 18,000 | $470K | No change |
Total filed on the 13F, all lines: $1.8B.
Portfolio Sells Q1 2025 → Q2 2025
| DFS Discover Financial Services | Sold out | 0.00% | −1.55 |
| TXNM TXNM Energy Inc. | Reduce -96.2% | 0.06% | −1.44 |
| ALE Allete Inc. | Sold out | 0.00% | −1.07 |
| FISV Fiserv Inc. | Reduce -0.7% | 2.06% | −0.79 |
| AZO AutoZone Inc. | Reduce -18.4% | 2.11% | −0.74 |
| LKQ LKQ Corp. | Reduce -1.6% | 1.55% | −0.39 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -0.1% | 1.05% | −0.35 |
| XOM Exxon Mobil Corp. | Reduce -0.1% | 1.65% | −0.31 |
| WTW Willis Towers Watson PLC | Reduce -0.5% | 1.44% | −0.27 |
| CB Chubb Ltd. | Reduce -1.3% | 1.91% | −0.25 |
| PEP Pepsico Inc. | Reduce -1.4% | 0.88% | −0.21 |
| PGR Progressive Corp. | Reduce -0.5% | 1.34% | −0.19 |
| MU Micron Technology Inc. | Reduce -35.4% | 1.04% | −0.18 |
| AAPL Apple Inc. | Reduce -1.6% | 0.81% | −0.15 |
| DOX Amdocs Ltd. | Reduce -1.9% | 1.46% | −0.14 |
| ALL Allstate Corp. | Reduce -0.7% | 1.12% | −0.13 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.12 |
| VNOM Viper Energy Inc. | Reduce -13.0% | 0.26% | −0.12 |
| CI The Cigna Group | Reduce -0.4% | 1.35% | −0.10 |
| CVS CVS Health Corp. | Reduce -0.3% | 1.47% | −0.08 |
| VSH Vishay Intertechnology Inc. | Reduce -0.8% | 0.95% | −0.08 |
| MDLZ Mondelez International Inc. Class A | Reduce -2.1% | 0.75% | −0.08 |
| A Agilent Technologies Inc. | Reduce -0.9% | 0.88% | −0.06 |
| PRSU Pursuit Attractions and Hosp | Reduce -2.6% | 0.18% | −0.06 |
| PRKS United Parks & Resorts Inc. | Reduce -0.8% | 1.42% | −0.06 |
| IGIC International General Insura | Reduce -2.7% | 0.25% | −0.05 |
| NOMD Nomad Foods Ltd. | Reduce -2.6% | 0.19% | −0.05 |
| UHS Universal Health Services-B | Reduce -2.6% | 0.35% | −0.05 |
| TFC Truist Financial Corp. | Reduce -0.1% | 1.63% | −0.05 |
| WMT Walmart Inc. | Reduce -78.4% | 0.01% | −0.05 |
| MUSA Murphy USA Inc. | Reduce -2.6% | 0.16% | −0.04 |
| NWE Northwestern Energy Group Inc. | Reduce -2.5% | 0.18% | −0.04 |
| TTWO Take-Two Interactive Softwre | Reduce -23.9% | 0.21% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -70.3% | 0.01% | −0.04 |
| LLY Eli Lilly & Co. | Reduce -16.7% | 0.09% | −0.03 |
| WBS Webster Financial Corp. | Reduce -0.8% | 1.52% | −0.03 |
| GLPI Gaming and Leisure Propertie | Reduce -2.8% | 0.16% | −0.03 |
| WAT Waters Corp. | Reduce -2.1% | 0.18% | −0.03 |
| IUSV iShares Core S&P U.S. Value | Reduce -4.8% | 0.20% | −0.02 |
| OLN Olin Corp. | Reduce -2.6% | 0.06% | −0.02 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.02 |
| PNC PNC Financial Services Group | Reduce -0.1% | 1.39% | −0.02 |
| EFX Equifax Inc. | Sold out | 0.00% | −0.02 |
| PR Permian Resources Corp. Class A | Reduce -2.8% | 0.14% | −0.02 |
| JNJ Johnson & Johnson | Reduce -19.6% | 0.04% | −0.02 |
| OUT Outfront Media Inc. | Reduce -2.4% | 0.18% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -4.4% | 0.02% | −0.02 |
| GD General Dynamics Corp. | Sold out | 0.00% | −0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.01 |
| MTCH Match Group Inc. | Reduce -2.6% | 0.12% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| COF Capital One Financial Corp. | New | 1.80% | +1.80 |
| ANF Abercrombie & Fitch Co. Class A | New | 1.45% | +1.45 |
| MDU Mdu Resources Group Inc. | New | 1.42% | +1.42 |
| STX Seagate Technology Holdings | New | 0.97% | +0.97 |
| BLBD Blue Bird Corp. | Add +27.9% | 1.93% | +0.72 |
| JBTM JBT Marel Corp. | Add +34.7% | 2.16% | +0.41 |
| TOL Toll Brothers Inc. | Add +36.9% | 1.27% | +0.35 |
| LRCX Lam Research Corp. | Add +0.1% | 1.39% | +0.28 |
| MSFT Microsoft Corp. | Add +1.8% | 1.35% | +0.27 |
| BC Brunswick Corp. | Add +24.9% | 1.07% | +0.17 |
| SONO Sonos Inc. | Add +22.0% | 1.20% | +0.16 |
| WEX Wex Inc. | New | 0.12% | +0.12 |
| TXO Txo Partners LP | Add +560.5% | 0.15% | +0.12 |
| LHX L3HARRIS Technologies Inc. | Add +0.1% | 1.03% | +0.11 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +22.0% | 0.39% | +0.08 |
| DINO HF Sinclair Corp. | Add +34.4% | 0.20% | +0.07 |
| META Meta Platforms Inc. Class A | Add +408.4% | 0.08% | +0.07 |
| AGCO Agco Corp. | Add +30.1% | 0.25% | +0.07 |
| MUB iShares National Muni Bond E | New | 0.06% | +0.06 |
| TER Teradyne Inc. | Add +4.6% | 0.94% | +0.05 |
| APLE Apple Hospitality REIT Inc. | Add +56.7% | 0.17% | +0.04 |
| AMZN Amazon.com Inc. | Add +14.9% | 0.22% | +0.04 |
| ALK Alaska Air Group Inc. | Add +24.4% | 0.28% | +0.04 |
| VTI VG Morningstar TS MKT ETF-US | Add +4.3% | 0.54% | +0.04 |
| NVDA Nvidia Corp. | Add +2.5% | 0.10% | +0.03 |
| AVGO Broadcom Inc. | New | 0.03% | +0.03 |
| COST Costco Wholesale Corp. | Add +24.2% | 0.11% | +0.02 |
| DE Deere & Co. | New | 0.02% | +0.02 |
| MTN Vail Resorts Inc. | New | 0.02% | +0.02 |
| CAT Caterpillar Inc. | New | 0.01% | +0.01 |
| PANW Palo Alto Networks Inc. | Add +22.2% | 0.05% | +0.01 |
| RHP Ryman Hospitality Properties | Add +0.5% | 1.19% | +0.01 |
| SYK Stryker Corp. | Add +29.3% | 0.05% | +0.01 |
| PXF Invesco Rafi Developed Marke | New | 0.01% | +0.01 |
| EMR Emerson Electric Co. | Add +0.4% | 0.09% | +0.01 |
| ADI Analog Devices Inc. | Add +27.8% | 0.03% | +0.01 |
| AXP American Express Co. | Add +10.5% | 0.05% | +0.01 |
| CSCO Cisco Systems Inc. | Add +8.3% | 0.02% | +0.00 |
| TXN Texas Instruments Inc. | Add +7.0% | 0.01% | +0.00 |
| NVS Novartis AG-Sponsored ADR | Add +4.4% | 0.01% | +0.00 |
| MA Mastercard Inc. Class A | Add +3.5% | 0.01% | −0.00 |
| GWW WW Grainger Inc. | Add +0.8% | 0.04% | −0.00 |
| MCD McDonald's Corp. | Add +1.7% | 0.02% | −0.00 |
| FUN Six Flags Entertainment Corp. | Add +20.2% | 0.06% | −0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +3.8% | 0.04% | −0.01 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +2.6% | 0.21% | −0.01 |
| T AT&T Inc. | Add +0.4% | 1.24% | −0.06 |
| MPLX MPLX LP | Add +0.3% | 0.61% | −0.07 |
| EPD Enterprise Products Partners | Add +0.5% | 0.48% | −0.09 |
| WM Waste Management Inc. | Add +0.3% | 1.19% | −0.10 |
Notes & Other Activity Q1 2025 → Q2 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +1.0% | 3,019 | $3.5M |
| REGIONS FINANCIAL CORP (RF V6.95 PERP) | Common Stock | Add +4.7% | 67,000 | $1.7M |
| M&T BANK CORPORATION (MTB 7.5 PERP J) | Common Stock | Reduce -0.2% | 59,400 | $1.6M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 167 | $2.4B | DELL, MU, LRCX, TER, JBTM |
| Q1 2026 | 166 | $2.1B | JBTM, TER, JPM, XOM, RS |
| Q4 2025 | 169 | $2.0B | MS, JPM, HCA, JBTM, LRCX |
| Q3 2025 | 169 | $2.0B | JPM, HCA, MS, JBTM, RJF |
| Q2 2025 | 163 | $1.8B | JPM, RS, HCA, MS, RJF |
| Q1 2025 | 163 | $1.7B | AZO, FISV, RS, JPM, HCA |
| Q4 2024 | 166 | $1.7B | FISV, RJF, DAL, DFS, JPM |
| Q3 2024 | 168 | $1.7B | HCA, CSL, RS, CACI, AZO |
| Q2 2024 | 163 | $1.6B | RS, CSL, HCA, AZO, CACI |
| Q1 2024 | 169 | $1.6B | RS, AZO, CSL, HCA, RJF |