Kensington Investment Counsel, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Kensington Investment Counsel, LLC reported 97 stock positions worth $218.9 million. Its top holding was Microsoft (MSFT) at 5.3% of the portfolio, followed by Williams-Sonoma (WSM, 4.8%) and Apple (AAPL, 4.5%). Compared with Q4 2023, it opened 5 new positions, sold out of 5, added to 67 and reduced 17. The biggest buy was Williams-Sonoma (WSM, shares +3%) and the biggest sale Starbucks (SBUX, shares −49%).

Most Recent 13F
Q2 2026
Location
LONG BEACH, CA
CIK
0001845536
Portfolio Value
$218.9M (Q1 2024)
SEC Filing
0001845536-24-000002 ↗ filed May 13, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $218.9M $218.9M Q1 2024 Q2 2024: $226.1M Q2 2024 Q3 2024: $239.4M Q3 2024 Q4 2024: $239.7M Q4 2024 Q1 2025: $225.1M Q1 2025 Q2 2025: $233.2M Q2 2025 Q3 2025: $245.5M Q3 2025 Q4 2025: $246.2M Q4 2025 Q1 2026: $207.7M Q1 2026 Q2 2026: $230.2M Q2 2026

Holdings 97 stocks · $218.9M
MSFT Microsoft Corp. 5.35% 27,821 $11.7M Add +3.7%
WSM Williams-Sonoma Inc. 4.77% 32,884 $10.4M Add +2.9%
AAPL Apple Inc. 4.45% 56,854 $9.7M Add +3.2%
WSO Watsco Inc. 3.34% 16,941 $7.3M Add +9.8%
MKC McCormick & Co.-Non VTG SHRS 2.56% 72,879 $5.6M Add +10.6%
SNA Snap-on Inc. 2.51% 18,554 $5.5M Add +16.3%
QCOM Qualcomm Inc. 2.46% 31,757 $5.4M Add +4.6%
ABBV Abbvie Inc. 2.43% 29,276 $5.3M Add +6.2%
RSG Republic Services Inc. 2.31% 26,470 $5.1M Add +3.2%
HD Home Depot Inc. 2.22% 12,649 $4.9M Add +4.2%
MRK Merck & Co. Inc. 2.19% 36,346 $4.8M Add +3.7%
ACN Accenture PLC Class A 2.11% 13,350 $4.6M Add +4.1%
JPM JPMorgan Chase & Co. 1.96% 21,409 $4.3M Add +7.4%
LMT Lockheed Martin Corp. 1.82% 8,762 $4.0M Add +7.5%
GD General Dynamics Corp. 1.78% 13,779 $3.9M Add +9.5%
AMGN Amgen Inc. 1.76% 13,523 $3.8M Add +9.7%
ROP Roper Technologies Inc. 1.71% 6,692 $3.8M Add +4.7%
EMR Emerson Electric Co. 1.62% 31,247 $3.5M Add +2.7%
JNJ Johnson & Johnson 1.59% 21,946 $3.5M Add +6.7%
CHD Church & Dwight Co. Inc. 1.54% 32,379 $3.4M Add +2.5%
CPRT Copart Inc. 1.54% 58,060 $3.4M Add +8.7%
WMT Walmart Inc. 1.50% 54,740 $3.3M Reduce -20.3%
TXN Texas Instruments Inc. 1.46% 18,347 $3.2M Add +2.4%
MORN Morningstar Inc. 1.45% 10,322 $3.2M Add +24.1%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 1.44% 35,953 $3.1M Add +8.0%
MNST Monster Beverage Corp. 1.31% 48,384 $2.9M Add +30.4%
MA Mastercard Inc. Class A 1.30% 5,905 $2.8M No change
FDS Factset Research Systems Inc. 1.29% 6,229 $2.8M Add +25.4%
GOOGL Alphabet Inc. Class A 1.29% 18,645 $2.8M Add +1.9%
AME Ametek Inc. 1.15% 13,802 $2.5M Add +5.6%
BR Broadridge Financial Solutio 1.15% 12,296 $2.5M Add +20.7%
NVDA Nvidia Corp. 1.14% 2,773 $2.5M Add +4.3%
QQQ Invesco QQQ Trust Series 1 1.07% 5,256 $2.3M Add +3.1%
WAT Waters Corp. 1.06% 6,731 $2.3M Add +7.8%
FIVE Five Below 0.97% 11,712 $2.1M Add +27.9%
CRWD CrowdStrike Holdings Inc. Class A 0.97% 6,622 $2.1M Add +8.7%
LKQ LKQ Corp. 0.97% 39,603 $2.1M Add +69.8%
H Hyatt Hotels Corp. Class A 0.96% 13,149 $2.1M Add +8.6%
PG The Procter & Gamble Co. 0.95% 12,813 $2.1M Reduce -27.5%
NDAQ Nasdaq Inc. 0.95% 32,907 $2.1M Add +9.5%
RMD Resmed Inc. 0.91% 10,070 $2.0M Add +7.5%
AVB Avalonbay Communities Inc. 0.89% 10,502 $1.9M Add +22.3%
CSW CSW Industrials Inc. 0.88% 8,193 $1.9M Add +26.6%
AMZN Amazon.com Inc. 0.86% 10,499 $1.9M Add +14.2%
MKL Markel Group Inc. 0.85% 1,228 $1.9M Add +7.2%
RGEN Repligen Corp. 0.83% 9,823 $1.8M Add +27.4%
ROL Rollins Inc. 0.81% 38,252 $1.8M Add +9.3%
BL Blackline Inc. 0.79% 26,817 $1.7M Reduce -7.1%
SHW The Sherwin-Williams Co. 0.77% 4,859 $1.7M No change
LLY Eli Lilly & Co. 0.74% 2,072 $1.6M No change
CBZ Cbiz Inc. 0.69% 19,207 $1.5M Add +23.6%
ITW Illinois Tool Works 0.67% 5,487 $1.5M Reduce -1.1%
ZS Zscaler Inc. 0.66% 7,522 $1.4M Add +8.0%
UNH Unitedhealth Group Inc. 0.62% 2,747 $1.4M Reduce -0.4%
DHR Danaher Corp. 0.61% 5,353 $1.3M Reduce -0.0%
BMY Bristol-Myers Squibb Co. 0.60% 24,248 $1.3M Add +12.9%
SBUX Starbucks Corp. 0.59% 14,203 $1.3M Reduce -49.0%
ADBE Adobe Inc. 0.56% 2,411 $1.2M No change
EW Edwards Lifesciences Corp. 0.55% 12,681 $1.2M Reduce -32.2%
TECH Bio-Techne Corp. 0.55% 17,145 $1.2M Add +21.7%
INTU Intuit Inc. 0.52% 1,766 $1.1M Reduce -1.2%
ROST Ross Stores Inc. 0.51% 7,602 $1.1M No change
LFUS Littelfuse Inc. 0.48% 4,344 $1.1M Add +5.3%
BRK.B Berkshire Hathaway Inc. Class B 0.47% 2,460 $1.0M Add +16.6%
META Meta Platforms Inc. Class A 0.47% 2,128 $1.0M Add +27.7%
TYL Tyler Technologies Inc. 0.47% 2,416 $1.0M Add +12.3%
SSNC Ss&c Technologies Holdings 0.46% 15,783 $1.0M Add +4.7%
COO The Cooper Cos Inc. 0.44% 9,515 $965K Add +4.5%
NVS Novartis AG-Sponsored ADR 0.42% 9,621 $931K Reduce -1.9%
COST Costco Wholesale Corp. 0.42% 1,269 $930K Add +2.4%
TMO Thermo Fisher Scientific Inc. 0.40% 1,493 $868K Add +13.3%
PYPL PayPal Holdings Inc. 0.38% 12,524 $839K Add +0.4%
BX Blackstone Inc. 0.37% 6,220 $817K Add +7.0%
CSCO Cisco Systems Inc. 0.36% 15,810 $789K Add +49.2%
PANW Palo Alto Networks Inc. 0.34% 2,652 $754K Add +10.1%
NKE Nike Inc. Class B 0.33% 7,799 $733K Reduce -8.0%
CRM Salesforce Inc. 0.33% 2,403 $724K Add +8.0%
DKS Dick's Sporting Goods Inc. 0.32% 3,161 $711K New
AVGO Broadcom Inc. 0.32% 528 $700K Add +1.0%
VRTX Vertex Pharmaceuticals Inc. 0.31% 1,648 $689K New
WST West Pharmaceutical Services 0.31% 1,729 $684K Add +9.4%
XOM Exxon Mobil Corp. 0.30% 5,728 $666K Add +1.4%
AMD Advanced Micro Devices 0.27% 3,241 $585K Add +0.0%
VZ Verizon Communications Inc. 0.24% 12,651 $531K Reduce -10.9%
CTSH Cognizant Tech Solutions-A 0.24% 7,161 $525K No change
BA The Boeing Co. 0.22% 2,440 $471K Reduce -7.3%
GOOG Alphabet Inc. Class C 0.21% 3,035 $462K Add +11.8%
COP Conocophillips 0.19% 3,190 $406K Reduce -4.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.17% 3,068 $375K Reduce -12.5%
NOC Northrop Grumman Corp. 0.17% 783 $375K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.17% 708 $370K No change
CB Chubb Ltd. 0.14% 1,215 $315K Add +13.9%
USB US Bancorp 0.12% 5,833 $261K Reduce -22.1%
APPF Appfolio Inc. Class A 0.10% 900 $222K New
TSLA Tesla Inc. 0.09% 1,179 $207K Reduce -36.2%
SOFI Sofi Technologies Inc. 0.03% 10,176 $74K New
JOBY Joby Aviation Inc. 0.03% 12,909 $69K New

Portfolio Sells Q4 2023 → Q1 2024
SBUX Starbucks Corp. Reduce -49.0% 0.59% −0.81
PG The Procter & Gamble Co. Reduce -27.5% 0.95% −0.41
WMT Walmart Inc. Reduce -20.3% 1.50% −0.39
KO The Coca-Cola Co. Sold out 0.00% −0.24
MCD McDonald's Corp. Sold out 0.00% −0.23
EW Edwards Lifesciences Corp. Reduce -32.2% 0.55% −0.19
PEP Pepsico Inc. Sold out 0.00% −0.16
CVX Chevron Corp. Sold out 0.00% −0.16
BL Blackline Inc. Reduce -7.1% 0.79% −0.15
NKE Nike Inc. Class B Reduce -8.0% 0.33% −0.15
TSLA Tesla Inc. Reduce -36.2% 0.09% −0.15
BA The Boeing Co. Reduce -7.3% 0.22% −0.14
UNH Unitedhealth Group Inc. Reduce -0.4% 0.62% −0.14
DNP DNP Select Income Fund Inc. Sold out 0.00% −0.14
NVS Novartis AG-Sponsored ADR Reduce -1.9% 0.42% −0.09
ITW Illinois Tool Works Reduce -1.1% 0.67% −0.09
INTU Intuit Inc. Reduce -1.2% 0.52% −0.06
USB US Bancorp Reduce -22.1% 0.12% −0.05
DHR Danaher Corp. Reduce -0.0% 0.61% −0.04
VZ Verizon Communications Inc. Reduce -10.9% 0.24% −0.04
COP Conocophillips Reduce -4.2% 0.19% −0.02
DIS The Walt Disney Co. Reduce -12.5% 0.17% +0.01

Portfolio Buys Q4 2023 → Q1 2024
WSM Williams-Sonoma Inc. Add +2.9% 4.77% +1.39
NVDA Nvidia Corp. Add +4.3% 1.14% +0.45
LKQ LKQ Corp. Add +69.8% 0.97% +0.38
DKS Dick's Sporting Goods Inc. New 0.32% +0.32
VRTX Vertex Pharmaceuticals Inc. New 0.31% +0.31
MORN Morningstar Inc. Add +24.1% 1.45% +0.21
ABBV Abbvie Inc. Add +6.2% 2.43% +0.19
MKC McCormick & Co.-Non VTG SHRS Add +10.6% 2.56% +0.19
MNST Monster Beverage Corp. Add +30.4% 1.31% +0.19
MRK Merck & Co. Inc. Add +3.7% 2.19% +0.19
JPM JPMorgan Chase & Co. Add +7.4% 1.96% +0.18
TTD Trade Desk Inc./the Class A Add +8.0% 1.44% +0.18
CBZ Cbiz Inc. Add +23.6% 0.69% +0.18
CSW CSW Industrials Inc. Add +26.6% 0.88% +0.17
CPRT Copart Inc. Add +8.7% 1.54% +0.16
META Meta Platforms Inc. Class A Add +27.7% 0.47% +0.16
CRWD CrowdStrike Holdings Inc. Class A Add +8.7% 0.97% +0.15
QCOM Qualcomm Inc. Add +4.6% 2.46% +0.15
AMZN Amazon.com Inc. Add +14.2% 0.86% +0.13
H Hyatt Hotels Corp. Class A Add +8.6% 0.96% +0.13
APPF Appfolio Inc. Class A New 0.10% +0.10
RGEN Repligen Corp. Add +27.4% 0.83% +0.10
RSG Republic Services Inc. Add +3.2% 2.31% +0.10
SNA Snap-on Inc. Add +16.3% 2.51% +0.09
CSCO Cisco Systems Inc. Add +49.2% 0.36% +0.08
BRK.B Berkshire Hathaway Inc. Class B Add +16.6% 0.47% +0.08
EMR Emerson Electric Co. Add +2.7% 1.62% +0.07
RMD Resmed Inc. Add +7.5% 0.91% +0.07
GD General Dynamics Corp. Add +9.5% 1.78% +0.06
MSFT Microsoft Corp. Add +3.7% 5.35% +0.06
BR Broadridge Financial Solutio Add +20.7% 1.15% +0.05
FDS Factset Research Systems Inc. Add +25.4% 1.29% +0.05
AVB Avalonbay Communities Inc. Add +22.3% 0.89% +0.05
SOFI Sofi Technologies Inc. New 0.03% +0.03
NDAQ Nasdaq Inc. Add +9.5% 0.95% +0.03
JOBY Joby Aviation Inc. New 0.03% +0.03
TMO Thermo Fisher Scientific Inc. Add +13.3% 0.40% +0.03
CRM Salesforce Inc. Add +8.0% 0.33% +0.02
AME Ametek Inc. Add +5.6% 1.15% +0.02
BMY Bristol-Myers Squibb Co. Add +12.9% 0.60% +0.02
WST West Pharmaceutical Services Add +9.4% 0.31% +0.02
CB Chubb Ltd. Add +13.9% 0.14% +0.02
AMD Advanced Micro Devices Add +0.0% 0.27% +0.02
AVGO Broadcom Inc. Add +1.0% 0.32% +0.01
GOOG Alphabet Inc. Class C Add +11.8% 0.21% +0.01
HD Home Depot Inc. Add +4.2% 2.22% +0.01
XOM Exxon Mobil Corp. Add +1.4% 0.30% +0.01
ROL Rollins Inc. Add +9.3% 0.81% +0.01
MKL Markel Group Inc. Add +7.2% 0.85% +0.00
TYL Tyler Technologies Inc. Add +12.3% 0.47% −0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 85$230.2MAAPL, MSFT, ABBV, JPM, CSCO
Q1 2026 83$207.7MAAPL, MSFT, ABBV, JPM, SNA
Q4 2025 104$246.2MAAPL, MSFT, JPM, ABBV, WSM
Q3 2025 104$245.5MAAPL, MSFT, WSM, JPM, ABBV
Q2 2025 101$233.2MMSFT, AAPL, WSO, JPM, WSM
Q1 2025 94$225.1MAAPL, MSFT, WSO, ABBV, WSM
Q4 2024 94$239.7MAAPL, MSFT, WSM, WSO, SNA
Q3 2024 112$239.4MAAPL, MSFT, WSO, WSM, MKC
Q2 2024 108$226.1MMSFT, AAPL, WSM, WSO, QCOM
Q1 2024 97$218.9MMSFT, WSM, AAPL, WSO, MKC