Kensington Investment Counsel, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 15, 2024), Kensington Investment Counsel, LLC reported 112 stock positions worth $239.4 million. Its top holding was Apple (AAPL) at 5.6% of the portfolio, followed by Microsoft (MSFT, 5.1%) and Watsco (WSO, 3.6%). Compared with Q2 2024, it opened 9 new positions, sold out of 5, added to 74 and reduced 20. The biggest buy was a new position in Stevanato Group SPA (STVN) and the biggest sale Qualcomm (QCOM, shares −27%).

Most Recent 13F
Q2 2026
Location
LONG BEACH, CA
CIK
0001845536
Portfolio Value
$239.4M (Q3 2024)
SEC Filing
0001845536-24-000004 ↗ filed Nov 15, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $218.9M Q1 2024 Q2 2024: $226.1M Q2 2024 Q3 2024: $239.4M $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 112 stocks · $239.4M
AAPL Apple Inc. 5.64% 57,908 $13.5M Add +1.0%
MSFT Microsoft Corp. 5.06% 28,162 $12.1M Add +0.6%
WSO Watsco Inc. 3.65% 17,756 $8.7M Add +2.0%
WSM Williams-Sonoma Inc. 3.26% 50,446 $7.8M Reduce -25.1%
MKC McCormick & Co.-Non VTG SHRS 2.62% 76,105 $6.3M Add +1.6%
ABBV Abbvie Inc. 2.55% 30,872 $6.1M Add +1.0%
SNA Snap-on Inc. 2.37% 19,585 $5.7M Add +1.6%
RSG Republic Services Inc. 2.31% 27,507 $5.5M Add +0.7%
LMT Lockheed Martin Corp. 2.25% 9,220 $5.4M Add +1.3%
HD Home Depot Inc. 2.22% 13,108 $5.3M Add +0.1%
JPM JPMorgan Chase & Co. 1.98% 22,426 $4.7M Add +1.3%
ACN Accenture PLC Class A 1.96% 13,292 $4.7M Reduce -2.2%
AMGN Amgen Inc. 1.94% 14,399 $4.6M Add +1.5%
WMT Walmart Inc. 1.92% 56,997 $4.6M Add +0.8%
GD General Dynamics Corp. 1.85% 14,648 $4.4M Add +1.4%
MRK Merck & Co. Inc. 1.81% 38,230 $4.3M Add +1.5%
QCOM Qualcomm Inc. 1.73% 24,348 $4.1M Reduce -27.3%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 1.71% 37,225 $4.1M Add +2.1%
TXN Texas Instruments Inc. 1.61% 18,658 $3.9M Add +0.5%
ROP Roper Technologies Inc. 1.59% 6,860 $3.8M Add +1.4%
JNJ Johnson & Johnson 1.50% 22,210 $3.6M Reduce -2.7%
NVDA Nvidia Corp. 1.50% 29,555 $3.6M Add +2.0%
EMR Emerson Electric Co. 1.50% 32,742 $3.6M Add +1.2%
MORN Morningstar Inc. 1.42% 10,615 $3.4M Add +2.4%
GOOGL Alphabet Inc. Class A 1.38% 19,933 $3.3M Add +1.8%
CSW CSW Industrials Inc. 1.35% 8,817 $3.2M Add +2.8%
CHD Church & Dwight Co. Inc. 1.34% 30,692 $3.2M Add +1.4%
CPRT Copart Inc. 1.33% 60,570 $3.2M Add +2.8%
FDS Factset Research Systems Inc. 1.24% 6,433 $3.0M Add +2.5%
BR Broadridge Financial Solutio 1.18% 13,096 $2.8M Add +1.7%
MA Mastercard Inc. Class A 1.15% 5,573 $2.8M Add +0.1%
LKQ LKQ Corp. 1.13% 67,758 $2.7M Add +1.9%
QQQ Invesco QQQ Trust Series 1 1.07% 5,254 $2.6M Reduce -0.0%
AVB Avalonbay Communities Inc. 1.05% 11,155 $2.5M Add +1.7%
WAT Waters Corp. 1.04% 6,908 $2.5M Add +2.1%
AME Ametek Inc. 1.02% 14,211 $2.4M Add +1.8%
EPAC Enerpac Tool Group Corp. 1.00% 57,120 $2.4M Add +2.6%
PG The Procter & Gamble Co. 0.97% 13,427 $2.3M Add +1.3%
AMZN Amazon.com Inc. 0.92% 11,847 $2.2M Add +3.5%
MNST Monster Beverage Corp. 0.88% 40,524 $2.1M Reduce -0.2%
H Hyatt Hotels Corp. Class A 0.86% 13,509 $2.1M Add +2.9%
CRWD CrowdStrike Holdings Inc. Class A 0.81% 6,893 $1.9M Add +2.4%
ROL Rollins Inc. 0.80% 37,857 $1.9M Add +2.8%
MKL Markel Group Inc. 0.80% 1,215 $1.9M Add +2.2%
SHW The Sherwin-Williams Co. 0.78% 4,881 $1.9M Add +0.2%
LLY Eli Lilly & Co. 0.76% 2,041 $1.8M Reduce -1.0%
RMD Resmed Inc. 0.74% 7,297 $1.8M Add +0.3%
UNH Unitedhealth Group Inc. 0.67% 2,755 $1.6M No change
DUOL Duolingo 0.66% 5,603 $1.6M Reduce -0.4%
RGEN Repligen Corp. 0.62% 10,041 $1.5M Add +1.9%
DHR Danaher Corp. 0.62% 5,365 $1.5M No change
EXLS Exlservice Holdings Inc. 0.62% 38,925 $1.5M Add +2.2%
META Meta Platforms Inc. Class A 0.61% 2,569 $1.5M Add +3.8%
ITW Illinois Tool Works 0.61% 5,531 $1.4M Reduce -0.2%
TYL Tyler Technologies Inc. 0.60% 2,476 $1.4M Add +2.8%
BL Blackline Inc. 0.57% 24,788 $1.4M Reduce -7.5%
CBZ Cbiz Inc. 0.56% 20,079 $1.4M Add +3.4%
TECH Bio-Techne Corp. 0.56% 16,860 $1.3M Add +1.3%
ZS Zscaler Inc. 0.55% 7,711 $1.3M Add +2.8%
STVN Stevanato Group SPA 0.55% 65,425 $1.3M New
BX Blackstone Inc. 0.48% 7,559 $1.2M Add +3.7%
SSNC Ss&c Technologies Holdings 0.48% 15,549 $1.2M Add +2.3%
ROST Ross Stores Inc. 0.48% 7,654 $1.2M Add +0.4%
BRK.B Berkshire Hathaway Inc. Class B 0.48% 2,485 $1.1M Add +1.0%
NDAQ Nasdaq Inc. 0.46% 15,068 $1.1M Add +2.1%
INTU Intuit Inc. 0.46% 1,770 $1.1M No change
NVS Novartis AG-Sponsored ADR 0.45% 9,460 $1.1M Reduce -0.0%
PANW Palo Alto Networks Inc. 0.45% 3,121 $1.1M Add +3.2%
COO The Cooper Cos Inc. 0.44% 9,653 $1.1M Add +0.2%
ADBE Adobe Inc. 0.44% 2,021 $1.0M No change
AVGO Broadcom Inc. 0.40% 5,586 $964K Add +5.8%
FIVE Five Below 0.40% 10,807 $955K Reduce -8.1%
PYPL PayPal Holdings Inc. 0.39% 11,966 $934K Reduce -4.7%
TMO Thermo Fisher Scientific Inc. 0.38% 1,474 $912K Reduce -0.9%
LFUS Littelfuse Inc. 0.37% 3,349 $888K Reduce -3.9%
CRM Salesforce Inc. 0.35% 3,104 $850K Add +4.8%
COST Costco Wholesale Corp. 0.35% 947 $840K Add +0.2%
VRTX Vertex Pharmaceuticals Inc. 0.32% 1,653 $769K No change
DKS Dick's Sporting Goods Inc. 0.32% 3,666 $765K Add +6.1%
BRK.A Berkshire Hathaway Inc. Class A 0.29% 1 $691K New
NKE Nike Inc. Class B 0.28% 7,596 $671K Reduce -2.0%
XOM Exxon Mobil Corp. 0.28% 5,728 $671K No change
CTSH Cognizant Tech Solutions-A 0.23% 7,154 $552K Reduce -0.5%
AMD Advanced Micro Devices 0.22% 3,240 $532K Reduce -0.0%
WST West Pharmaceutical Services 0.22% 1,752 $526K Add +2.8%
GOOG Alphabet Inc. Class C 0.21% 3,035 $507K No change
CB Chubb Ltd. 0.20% 1,643 $474K Add +6.1%
CSCO Cisco Systems Inc. 0.19% 8,571 $456K Reduce -43.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.17% 4,331 $417K Add +10.2%
NOC Northrop Grumman Corp. 0.17% 783 $413K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.17% 703 $404K Add +2.9%
UBER Uber Technologies Inc. 0.14% 4,329 $325K Add +14.5%
USFR Wisdomtree Floating Rate Tre 0.14% 6,446 $324K New
CLS Celestica Inc. 0.12% 5,514 $282K Add +12.0%
MRVL Marvell Technology Inc. 0.12% 3,834 $277K Add +17.5%
URI United Rentals Inc. 0.12% 340 $275K Add +5.3%
XYZ Block Inc. 0.11% 3,972 $267K Add +15.8%
TOST Toast Inc. Class A 0.11% 9,145 $259K Add +10.2%
NXPI NXP Semiconductors NV 0.11% 1,048 $252K Add +12.9%
ACLS Axcelis Technologies Inc. 0.10% 2,313 $243K Add +14.8%

Show all 112 holdings

Portfolio Sells Q2 2024 → Q3 2024
QCOM Qualcomm Inc. Reduce -27.3% 1.73% −1.22
WSM Williams-Sonoma Inc. Reduce -25.1% 3.26% −0.94
SBUX Starbucks Corp. Sold out 0.00% −0.46
VZ Verizon Communications Inc. Sold out 0.00% −0.23
FIVE Five Below Reduce -8.1% 0.40% −0.17
COP Conocophillips Sold out 0.00% −0.16
CSCO Cisco Systems Inc. Reduce -43.6% 0.19% −0.13
SMCI Super Micro Computer Inc. Sold out 0.00% −0.10
COIN Coinbase Global Inc. Class A Sold out 0.00% −0.09
LLY Eli Lilly & Co. Reduce -1.0% 0.76% −0.07
QQQ Invesco QQQ Trust Series 1 Reduce -0.0% 1.07% −0.04
LFUS Littelfuse Inc. Reduce -3.9% 0.37% −0.02
MNST Monster Beverage Corp. Reduce -0.2% 0.88% −0.01
AMD Advanced Micro Devices Reduce -0.0% 0.22% −0.01
USB US Bancorp Reduce -11.6% 0.09% −0.00
BL Blackline Inc. Reduce -7.5% 0.57% −0.00
NVS Novartis AG-Sponsored ADR Reduce -0.0% 0.45% +0.01
CTSH Cognizant Tech Solutions-A Reduce -0.5% 0.23% +0.01
TMO Thermo Fisher Scientific Inc. Reduce -0.9% 0.38% +0.02
NKE Nike Inc. Class B Reduce -2.0% 0.28% +0.02
ITW Illinois Tool Works Reduce -0.2% 0.61% +0.02
JNJ Johnson & Johnson Reduce -2.7% 1.50% +0.03
PYPL PayPal Holdings Inc. Reduce -4.7% 0.39% +0.07
ACN Accenture PLC Class A Reduce -2.2% 1.96% +0.14
DUOL Duolingo Reduce -0.4% 0.66% +0.14

Portfolio Buys Q2 2024 → Q3 2024
STVN Stevanato Group SPA New 0.55% +0.55
LMT Lockheed Martin Corp. Add +1.3% 2.25% +0.37
CSW CSW Industrials Inc. Add +2.8% 1.35% +0.34
AAPL Apple Inc. Add +1.0% 5.64% +0.30
BRK.A Berkshire Hathaway Inc. Class A New 0.29% +0.29
MKC McCormick & Co.-Non VTG SHRS Add +1.6% 2.62% +0.27
WMT Walmart Inc. Add +0.8% 1.92% +0.23
ABBV Abbvie Inc. Add +1.0% 2.55% +0.23
HD Home Depot Inc. Add +0.1% 2.22% +0.22
WAT Waters Corp. Add +2.1% 1.04% +0.17
SNA Snap-on Inc. Add +1.6% 2.37% +0.14
SHW The Sherwin-Williams Co. Add +0.2% 0.78% +0.14
USFR Wisdomtree Floating Rate Tre New 0.14% +0.14
TTD Trade Desk Inc./the Class A Add +2.1% 1.71% +0.13
RMD Resmed Inc. Add +0.3% 0.74% +0.13
FDS Factset Research Systems Inc. Add +2.5% 1.24% +0.10
ARE Alexandria Real Estate Equit New 0.10% +0.10
DKNG Draftkings Inc. Class A New 0.10% +0.10
EXLS Exlservice Holdings Inc. Add +2.2% 0.62% +0.09
DY Dycom Industries Inc. New 0.09% +0.09
FIS Fidelity National Info Serv New 0.09% +0.09
TOL Toll Brothers Inc. New 0.09% +0.09
BX Blackstone Inc. Add +3.7% 0.48% +0.08
NOW ServiceNow Inc. New 0.08% +0.08
WSO Watsco Inc. Add +2.0% 3.65% +0.08
RGEN Repligen Corp. Add +1.9% 0.62% +0.07
COO The Cooper Cos Inc. Add +0.2% 0.44% +0.07
TYL Tyler Technologies Inc. Add +2.8% 0.60% +0.07
NDAQ Nasdaq Inc. Add +2.1% 0.46% +0.07
MA Mastercard Inc. Class A Add +0.1% 1.15% +0.06
META Meta Platforms Inc. Class A Add +3.8% 0.61% +0.06
SSNC Ss&c Technologies Holdings Add +2.3% 0.48% +0.06
EPAC Enerpac Tool Group Corp. Add +2.6% 1.00% +0.06
MORN Morningstar Inc. Add +2.4% 1.42% +0.06
BR Broadridge Financial Solutio Add +1.7% 1.18% +0.05
AVB Avalonbay Communities Inc. Add +1.7% 1.05% +0.05
TECH Bio-Techne Corp. Add +1.3% 0.56% +0.04
BRK.B Berkshire Hathaway Inc. Class B Add +1.0% 0.48% +0.04
AVGO Broadcom Inc. Add +5.8% 0.40% +0.03
CB Chubb Ltd. Add +6.1% 0.20% +0.02
URI United Rentals Inc. Add +5.3% 0.12% +0.02
SOFI Sofi Technologies Inc. Add +12.9% 0.09% +0.02
CRM Salesforce Inc. Add +4.8% 0.35% +0.02
MRVL Marvell Technology Inc. Add +17.5% 0.12% +0.01
UBER Uber Technologies Inc. Add +14.5% 0.14% +0.01
TOST Toast Inc. Class A Add +10.2% 0.11% +0.01
XYZ Block Inc. Add +15.8% 0.11% +0.01
TXN Texas Instruments Inc. Add +0.5% 1.61% +0.01
ROL Rollins Inc. Add +2.8% 0.80% +0.00
PG The Procter & Gamble Co. Add +1.3% 0.97% +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