Deroy & Devereaux Private Investment Counsel Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 28, 2025), Deroy & Devereaux Private Investment Counsel Inc. reported 169 stock positions worth $2.0 billion. Its top holding was JPMorgan Chase (JPM) at 2.6% of the portfolio, followed by HCA Healthcare (HCA, 2.5%) and Morgan Stanley (MS, 2.5%). Compared with Q2 2025, it opened 15 new positions, sold out of 9, added to 24 and reduced 96. The biggest buy was a new position in Idacorp (IDA) and the biggest sale an exit from Oracle (ORCL).
- Most Recent 13F
- Q2 2026
- Location
- BLOOMFIELD HILLS, MI
- CIK
- 0001278678
- Portfolio Value
- $2.0B (Q3 2025)
- SEC Filing
- 0001278678-25-000010 ↗ filed Oct 28, 2025
Holdings Value
Holdings 169 stocks · $2.0B
| JPM JPMorgan Chase & Co. | 2.63% | 165,864 | $52.3M | Reduce -0.8% |
| HCA HCA Healthcare Inc. | 2.51% | 117,146 | $49.9M | Reduce -0.7% |
| MS Morgan Stanley | 2.50% | 312,949 | $49.7M | Reduce -1.4% |
| JBTM JBT Marel Corp. | 2.31% | 326,880 | $45.9M | Reduce -1.1% |
| RJF Raymond James Financial Inc. | 2.29% | 264,368 | $45.6M | Reduce -7.2% |
| AZO AutoZone Inc. | 2.23% | 10,369 | $44.5M | Reduce -0.7% |
| RS Reliance Inc. | 2.11% | 149,552 | $42.0M | Add +0.2% |
| PNR Pentair PLC | 1.99% | 357,799 | $39.6M | Reduce -1.4% |
| DELL Dell Technologies -C | 1.97% | 276,961 | $39.3M | Reduce -1.4% |
| DTM DT Midstream Inc. | 1.92% | 338,210 | $38.2M | Reduce -1.0% |
| CACI Caci International Inc. Class A | 1.92% | 76,548 | $38.2M | Reduce -0.9% |
| BLBD Blue Bird Corp. | 1.85% | 640,353 | $36.9M | Reduce -22.2% |
| LRCX Lam Research Corp. | 1.76% | 261,242 | $35.0M | Reduce -0.7% |
| CB Chubb Ltd. | 1.71% | 120,349 | $34.0M | Reduce -0.7% |
| EA Electronic Arts Inc. | 1.66% | 163,501 | $33.0M | Reduce -16.1% |
| STX Seagate Technology Holdings | 1.64% | 138,429 | $32.7M | Add +12.3% |
| COF Capital One Financial Corp. | 1.64% | 153,213 | $32.6M | Reduce -1.4% |
| SONO Sonos Inc. | 1.61% | 2,024,187 | $32.0M | Reduce -0.7% |
| CSL Carlisle Cos Inc. | 1.60% | 96,829 | $31.9M | Reduce -1.1% |
| TFC Truist Financial Corp. | 1.59% | 692,182 | $31.6M | Reduce -1.1% |
| GOOG Alphabet Inc. Class C | 1.59% | 129,911 | $31.6M | Reduce -2.9% |
| XOM Exxon Mobil Corp. | 1.59% | 280,087 | $31.6M | Reduce -0.8% |
| CVX Chevron Corp. | 1.54% | 197,325 | $30.6M | Reduce -1.0% |
| DAL Delta Air Lines Inc. | 1.53% | 536,152 | $30.4M | Reduce -1.1% |
| WBS Webster Financial Corp. | 1.51% | 505,474 | $30.0M | Reduce -1.1% |
| WTW Willis Towers Watson PLC | 1.48% | 85,510 | $29.5M | Reduce -1.1% |
| CVS CVS Health Corp. | 1.47% | 387,834 | $29.2M | Reduce -0.8% |
| MAS Masco Corp. | 1.47% | 414,585 | $29.2M | Reduce -0.6% |
| BDX Becton Dickinson and Co. | 1.46% | 154,808 | $29.0M | Reduce -0.8% |
| RTX RTX Corp. | 1.44% | 170,861 | $28.6M | Reduce -21.7% |
| PRKS United Parks & Resorts Inc. | 1.43% | 548,776 | $28.4M | Reduce -0.7% |
| TOL Toll Brothers Inc. | 1.41% | 203,755 | $28.1M | Reduce -0.8% |
| FISV Fiserv Inc. | 1.41% | 218,048 | $28.1M | Reduce -0.6% |
| MDU Mdu Resources Group Inc. | 1.41% | 1,577,477 | $28.1M | Add +0.8% |
| ANF Abercrombie & Fitch Co. Class A | 1.40% | 324,790 | $27.8M | Add +0.9% |
| HWM Howmet Aerospace Inc. | 1.39% | 141,296 | $27.7M | Reduce -2.2% |
| PNC PNC Financial Services Group | 1.38% | 136,745 | $27.5M | Reduce -0.7% |
| TER Teradyne Inc. | 1.32% | 191,214 | $26.3M | Reduce -0.6% |
| PEP Pepsico Inc. | 1.29% | 182,803 | $25.7M | Add +48.8% |
| MSFT Microsoft Corp. | 1.29% | 49,442 | $25.6M | Reduce -0.8% |
| AMZN Amazon.com Inc. | 1.26% | 114,263 | $25.1M | Add +520.8% |
| MU Micron Technology Inc. | 1.26% | 149,829 | $25.1M | Reduce -3.7% |
| DOX Amdocs Ltd. | 1.19% | 289,376 | $23.7M | Reduce -1.7% |
| LHX L3HARRIS Technologies Inc. | 1.15% | 75,013 | $22.9M | Reduce -1.1% |
| LKQ LKQ Corp. | 1.15% | 748,712 | $22.9M | Reduce -2.5% |
| PGR Progressive Corp. | 1.14% | 91,635 | $22.6M | Reduce -0.7% |
| BC Brunswick Corp. | 1.12% | 353,321 | $22.3M | Reduce -0.6% |
| T AT&T Inc. | 1.11% | 785,357 | $22.2M | Reduce -0.5% |
| ALL Allstate Corp. | 1.09% | 101,552 | $21.8M | Reduce -1.1% |
| IDA Idacorp Inc. | 1.08% | 162,591 | $21.5M | New |
| CI The Cigna Group | 1.08% | 74,353 | $21.4M | Reduce -0.9% |
| WM Waste Management Inc. | 1.05% | 95,022 | $21.0M | Reduce -0.5% |
| ZBH Zimmer Biomet Holdings Inc. | 1.04% | 210,104 | $20.7M | Reduce -0.9% |
| RHP Ryman Hospitality Properties | 1.03% | 229,021 | $20.5M | Add +3.3% |
| VONG Vanguard Russell 1000 Growth | 0.97% | 159,670 | $19.2M | Reduce -24.3% |
| OI O-I Glass Inc. | 0.93% | 1,426,063 | $18.5M | New |
| AAPL Apple Inc. | 0.92% | 72,051 | $18.3M | Reduce -1.1% |
| A Agilent Technologies Inc. | 0.87% | 135,557 | $17.4M | Reduce -1.2% |
| VSH Vishay Intertechnology Inc. | 0.84% | 1,087,058 | $16.6M | Reduce -1.2% |
| PNW Pinnacle West Capital | 0.82% | 181,710 | $16.3M | New |
| MPLX MPLX LP | 0.55% | 218,382 | $10.9M | Add +0.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.51% | 31,169 | $10.2M | Reduce -4.9% |
| EPD Enterprise Products Partners | 0.45% | 287,144 | $9.0M | Add +0.3% |
| EVR Evercore Inc. Class A | 0.42% | 24,995 | $8.4M | Reduce -19.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.39% | 11,517 | $7.7M | Reduce -0.7% |
| UHS Universal Health Services-B | 0.36% | 35,325 | $7.2M | Reduce -0.3% |
| AGCO Agco Corp. | 0.28% | 51,606 | $5.5M | Add +13.8% |
| VNOM Viper Energy Inc. Class A | 0.28% | 143,770 | $5.5M | New |
| FIX Comfort Systems USA Inc. | 0.27% | 6,615 | $5.5M | Reduce -29.9% |
| ALK Alaska Air Group Inc. | 0.26% | 102,670 | $5.1M | Reduce -0.3% |
| IGIC International General Insura filed as INTL GNRL INSURANCE HLDNGS L | 0.22% | 189,945 | $4.4M | Reduce -0.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.22% | 55,010 | $4.4M | Add +11.9% |
| CCK Crown Holdings Inc. | 0.22% | 45,505 | $4.4M | Reduce -0.3% |
| MUSA Murphy USA Inc. | 0.22% | 11,116 | $4.3M | Add +49.3% |
| STE Steris PLC | 0.22% | 17,345 | $4.3M | Reduce -0.3% |
| AUB Atlantic Union Bankshares Co. | 0.22% | 121,425 | $4.3M | Add +31.4% |
| GOOGL Alphabet Inc. Class A | 0.21% | 17,507 | $4.3M | Reduce -2.4% |
| WAT Waters Corp. | 0.21% | 13,802 | $4.1M | Add +41.9% |
| PRSU Pursuit Attractions and Hosp | 0.21% | 113,340 | $4.1M | Reduce -0.3% |
| IUSV iShares Core S&P U.S. Value | 0.20% | 39,323 | $3.9M | Reduce -1.1% |
| CG The Carlyle Group Inc. | 0.19% | 60,635 | $3.8M | Reduce -25.3% |
| DINO HF Sinclair Corp. | 0.19% | 72,220 | $3.8M | Reduce -19.0% |
| OUT Outfront Media Inc. | 0.19% | 206,198 | $3.8M | Reduce -0.4% |
| NWE Northwestern Energy Group Inc. | 0.18% | 62,095 | $3.6M | Reduce -1.5% |
| WEX Wex Inc. | 0.18% | 22,682 | $3.6M | Add +52.3% |
| CSV Carriage Services Inc. | 0.18% | 78,955 | $3.5M | Reduce -0.3% |
| TCBX Third Coast Bancshares Inc. | 0.17% | 91,170 | $3.5M | New |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.17% | 22,432 | $3.3M | New |
| APLE Apple Hospitality REIT Inc. | 0.16% | 271,032 | $3.3M | Reduce -1.1% |
| HSIC Henry Schein Inc. | 0.16% | 47,435 | $3.1M | Reduce -0.3% |
| GLPI Gaming and Leisure Propertie | 0.15% | 64,170 | $3.0M | Reduce -0.3% |
| TXO Txo Partners LP | 0.13% | 181,500 | $2.5M | Add +0.8% |
| MTCH Match Group Inc. | 0.13% | 70,725 | $2.5M | Reduce -0.3% |
| PSTL Postal Realty Trust Inc. Class A | 0.12% | 155,070 | $2.4M | New |
| DMC Del Monte Corp. filed as FRESH DEL MONTE PRODUCE INC | 0.11% | 65,175 | $2.3M | New |
| CRC California Resources Corp. | 0.11% | 41,370 | $2.2M | New |
| VEU Vanguard Ftse All-World Ex-U | 0.10% | 29,191 | $2.1M | No change |
| NVDA Nvidia Corp. | 0.10% | 10,540 | $2.0M | Reduce -12.1% |
| COST Costco Wholesale Corp. | 0.09% | 1,950 | $1.8M | Reduce -4.9% |
| VTWG Vanguard Russell 2000 Growth | 0.09% | 7,378 | $1.7M | Reduce -24.1% |
Other holdings (5): bonds, preferreds, convertibles and warrants · $11.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 3,009 | $3.7M | Reduce -0.3% |
| REGIONS FINANCIAL CORP (RF V6.95 PERP) | Common Stock | 127,850 | $3.3M | Add +90.8% |
| BANK OF AMERICA CORP (BAC F PERP 02) | COM | 90,018 | $1.8M | Add +5.0% |
| M&T BANK CORPORATION (MTB 7.5 PERP J) | Common Stock | 65,300 | $1.7M | Add +9.9% |
| ALLSTATE CORP (ALL 7.375 PERP J) | PERP PFD J | 18,000 | $477K | No change |
Total filed on the 13F, all lines: $2.0B.
Portfolio Sells Q2 2025 → Q3 2025
| ORCL Oracle Corp. | Sold out | 0.00% | −1.61 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.75 |
| FISV Fiserv Inc. | Reduce -0.6% | 1.41% | −0.64 |
| LKQ LKQ Corp. | Reduce -2.5% | 1.15% | −0.40 |
| CSL Carlisle Cos Inc. | Reduce -1.1% | 1.60% | −0.39 |
| RTX RTX Corp. | Reduce -21.7% | 1.44% | −0.30 |
| SNV Synovus Financial Corp. | Sold out | 0.00% | −0.29 |
| VONG Vanguard Russell 1000 Growth | Reduce -24.3% | 0.97% | −0.28 |
| CI The Cigna Group | Reduce -0.9% | 1.08% | −0.27 |
| DOX Amdocs Ltd. | Reduce -1.7% | 1.19% | −0.27 |
| VNOM Viper Energy Inc. | Sold out | 0.00% | −0.26 |
| TTWO Take-Two Interactive Softwre | Sold out | 0.00% | −0.21 |
| PGR Progressive Corp. | Reduce -0.7% | 1.14% | −0.20 |
| CB Chubb Ltd. | Reduce -0.7% | 1.71% | −0.20 |
| NOMD Nomad Foods Ltd. | Sold out | 0.00% | −0.19 |
| COF Capital One Financial Corp. | Reduce -1.4% | 1.64% | −0.16 |
| PR Permian Resources Corp. Class A | Sold out | 0.00% | −0.14 |
| WM Waste Management Inc. | Reduce -0.5% | 1.05% | −0.13 |
| T AT&T Inc. | Reduce -0.5% | 1.11% | −0.13 |
| DTM DT Midstream Inc. | Reduce -1.0% | 1.92% | −0.12 |
| VSH Vishay Intertechnology Inc. | Reduce -1.2% | 0.84% | −0.11 |
| CACI Caci International Inc. Class A | Reduce -0.9% | 1.92% | −0.08 |
| RJF Raymond James Financial Inc. | Reduce -7.2% | 2.29% | −0.08 |
| BLBD Blue Bird Corp. | Reduce -22.2% | 1.85% | −0.08 |
| HWM Howmet Aerospace Inc. | Reduce -2.2% | 1.39% | −0.07 |
| XOM Exxon Mobil Corp. | Reduce -0.8% | 1.59% | −0.07 |
| FUN Six Flags Entertainment Corp. | Sold out | 0.00% | −0.06 |
| OLN Olin Corp. | Sold out | 0.00% | −0.06 |
| MSFT Microsoft Corp. | Reduce -0.8% | 1.29% | −0.06 |
| TFC Truist Financial Corp. | Reduce -1.1% | 1.59% | −0.04 |
| TXNM TXNM Energy Inc. | Reduce -76.4% | 0.01% | −0.04 |
| CG The Carlyle Group Inc. | Reduce -25.3% | 0.19% | −0.04 |
| CCK Crown Holdings Inc. | Reduce -0.3% | 0.22% | −0.03 |
| EA Electronic Arts Inc. | Reduce -16.1% | 1.66% | −0.03 |
| PNR Pentair PLC | Reduce -1.4% | 1.99% | −0.03 |
| HSIC Henry Schein Inc. | Reduce -0.3% | 0.16% | −0.03 |
| EVR Evercore Inc. Class A | Reduce -19.1% | 0.42% | −0.03 |
| ALL Allstate Corp. | Reduce -1.1% | 1.09% | −0.03 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -4.9% | 0.51% | −0.03 |
| IGIC International General Insura | Reduce -0.3% | 0.22% | −0.03 |
| VTWG Vanguard Russell 2000 Growth | Reduce -24.1% | 0.09% | −0.02 |
| ALK Alaska Air Group Inc. | Reduce -0.3% | 0.26% | −0.02 |
| CSV Carriage Services Inc. | Reduce -0.3% | 0.18% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -4.9% | 0.09% | −0.02 |
| NFLX Netflix Inc. | Reduce -9.6% | 0.06% | −0.02 |
| PNC PNC Financial Services Group | Reduce -0.7% | 1.38% | −0.01 |
| EMR Emerson Electric Co. | Reduce -6.6% | 0.07% | −0.01 |
| GLPI Gaming and Leisure Propertie | Reduce -0.3% | 0.15% | −0.01 |
| AXP American Express Co. | Reduce -24.7% | 0.03% | −0.01 |
| MUB iShares National Muni Bond E | Reduce -16.6% | 0.04% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| IDA Idacorp Inc. | New | 1.08% | +1.08 |
| AMZN Amazon.com Inc. | Add +520.8% | 1.26% | +1.04 |
| OI O-I Glass Inc. | New | 0.93% | +0.93 |
| PNW Pinnacle West Capital | New | 0.82% | +0.82 |
| STX Seagate Technology Holdings | Add +12.3% | 1.64% | +0.67 |
| PEP Pepsico Inc. | Add +48.8% | 1.29% | +0.41 |
| VNOM Viper Energy Inc. Class A | New | 0.28% | +0.28 |
| TCBX Third Coast Bancshares Inc. | New | 0.17% | +0.17 |
| JKHY Jack Henry & Associates Inc. | New | 0.17% | +0.17 |
| PSTL Postal Realty Trust Inc. Class A | New | 0.12% | +0.12 |
| DMC Del Monte Corp. | New | 0.11% | +0.11 |
| CRC California Resources Corp. | New | 0.11% | +0.11 |
| WEX Wex Inc. | Add +52.3% | 0.18% | +0.06 |
| AUB Atlantic Union Bankshares Co. | Add +31.4% | 0.22% | +0.06 |
| MUSA Murphy USA Inc. | Add +49.3% | 0.22% | +0.05 |
| VSDM Vanguard Short Tax-Ex Bond | New | 0.04% | +0.04 |
| WAT Waters Corp. | Add +41.9% | 0.21% | +0.02 |
| AGCO Agco Corp. | Add +13.8% | 0.28% | +0.02 |
| EFA iShares MSCI Eafe ETF | Add +48.2% | 0.07% | +0.02 |
| VCRM Vanguard Core Tax-Ex Bond | New | 0.01% | +0.01 |
| KEY Keycorp | New | 0.01% | +0.01 |
| ABBV Abbvie Inc. | New | 0.01% | +0.01 |
| UAL United Airlines Holdings Inc. | New | 0.01% | +0.01 |
| MCRI Monarch Casino & Resort Inc. | New | 0.01% | +0.01 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +11.9% | 0.22% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +1.5% | 0.07% | +0.00 |
| VCIT Vanguard Int-Term Corporate | Add +12.2% | 0.05% | +0.00 |
| PFE Pfizer Inc. | Add +15.5% | 0.01% | +0.00 |
| MTN Vail Resorts Inc. | Add +23.3% | 0.02% | +0.00 |
| CSCO Cisco Systems Inc. | Add +11.5% | 0.03% | +0.00 |
| DE Deere & Co. | Add +16.0% | 0.02% | −0.00 |
| KVUE Kenvue Inc. | Add +3.1% | 0.01% | −0.00 |
| MDU Mdu Resources Group Inc. | Add +0.8% | 1.41% | −0.01 |
| TXO Txo Partners LP | Add +0.8% | 0.13% | −0.02 |
| EPD Enterprise Products Partners | Add +0.3% | 0.45% | −0.03 |
| ANF Abercrombie & Fitch Co. Class A | Add +0.9% | 1.40% | −0.05 |
| MPLX MPLX LP | Add +0.3% | 0.55% | −0.06 |
| RHP Ryman Hospitality Properties | Add +3.3% | 1.03% | −0.16 |
| RS Reliance Inc. | Add +0.2% | 2.11% | −0.44 |
Notes & Other Activity Q2 2025 → Q3 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -0.3% | 3,009 | $3.7M |
| REGIONS FINANCIAL CORP (RF V6.95 PERP) | Common Stock | Add +90.8% | 127,850 | $3.3M |
| BANK OF AMERICA CORP (BAC F PERP 02) | COM | Add +5.0% | 90,018 | $1.8M |
| M&T BANK CORPORATION (MTB 7.5 PERP J) | Common Stock | Add +9.9% | 65,300 | $1.7M |
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 |