Kensington Investment Counsel, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 18, 2026), Kensington Investment Counsel, LLC reported 104 stock positions worth $246.2 million. Its top holding was Apple (AAPL) at 6.9% of the portfolio, followed by Microsoft (MSFT, 5.8%) and JPMorgan Chase (JPM, 3.5%). Compared with Q3 2025, it opened 8 new positions, sold out of 8, added to 41 and reduced 43. The biggest buy was Apple (AAPL, shares +2%) and the biggest sale Watsco (WSO, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- LONG BEACH, CA
- CIK
- 0001845536
- Portfolio Value
- $246.2M (Q4 2025)
- SEC Filing
- 0001845536-26-000001 ↗ filed Feb 18, 2026
Holdings Value
Holdings 104 stocks · $246.2M
| AAPL Apple Inc. | 6.92% | 62,644 | $17.0M | Add +2.3% |
| MSFT Microsoft Corp. | 5.84% | 29,742 | $14.4M | Reduce -0.7% |
| JPM JPMorgan Chase & Co. | 3.52% | 26,863 | $8.7M | Add +0.7% |
| ABBV Abbvie Inc. | 3.44% | 37,021 | $8.5M | Add +2.4% |
| WSM Williams-Sonoma Inc. | 3.11% | 42,856 | $7.7M | Reduce -4.7% |
| SNA Snap-on Inc. | 2.99% | 21,359 | $7.4M | Add +0.1% |
| GD General Dynamics Corp. | 2.58% | 18,893 | $6.4M | Add +3.9% |
| AMGN Amgen Inc. | 2.40% | 18,071 | $5.9M | Add +5.8% |
| NVDA Nvidia Corp. | 2.37% | 31,337 | $5.8M | Add +10.1% |
| RSG Republic Services Inc. | 2.36% | 27,416 | $5.8M | Add +3.8% |
| JNJ Johnson & Johnson | 2.24% | 26,663 | $5.5M | Add +4.3% |
| GOOGL Alphabet Inc. Class A | 2.22% | 17,429 | $5.5M | Reduce -1.1% |
| PEP Pepsico Inc. | 2.21% | 37,963 | $5.4M | Add +6.0% |
| QQQ Invesco QQQ Trust Series 1 | 2.21% | 8,849 | $5.4M | Add +8.1% |
| WSO Watsco Inc. | 2.19% | 15,971 | $5.4M | Reduce -16.8% |
| HD Home Depot Inc. | 2.06% | 14,760 | $5.1M | Reduce -0.1% |
| MKC McCormick & Co.-Non VTG SHRS | 1.94% | 70,074 | $4.8M | Reduce -15.2% |
| QCOM Qualcomm Inc. | 1.90% | 27,361 | $4.7M | Add +4.0% |
| BR Broadridge Financial Solutio | 1.90% | 20,934 | $4.7M | Add +4.2% |
| PG The Procter & Gamble Co. | 1.82% | 31,327 | $4.5M | Reduce -8.6% |
| TXN Texas Instruments Inc. | 1.65% | 23,451 | $4.1M | Add +5.9% |
| MRK Merck & Co. Inc. | 1.64% | 38,346 | $4.0M | Add +7.1% |
| ACN Accenture PLC Class A | 1.40% | 12,881 | $3.5M | Reduce -12.9% |
| CNI Canadian Natl Railway Co. | 1.36% | 33,837 | $3.3M | Add +3.6% |
| MA Mastercard Inc. Class A | 1.24% | 5,327 | $3.0M | Reduce -1.4% |
| AMZN Amazon.com Inc. | 1.15% | 12,284 | $2.8M | Add +31.3% |
| UNH Unitedhealth Group Inc. | 1.15% | 8,561 | $2.8M | Add +2.3% |
| UNP Union Pacific Corp. | 1.12% | 11,876 | $2.7M | Add +4.1% |
| AVB Avalonbay Communities Inc. | 1.06% | 14,330 | $2.6M | Add +6.2% |
| CRWD CrowdStrike Holdings Inc. Class A | 1.03% | 5,430 | $2.5M | Reduce -11.7% |
| ROP Roper Technologies Inc. | 1.02% | 5,635 | $2.5M | Add +6.9% |
| AME Ametek Inc. | 0.99% | 11,893 | $2.4M | Reduce -8.1% |
| AVGO Broadcom Inc. | 0.95% | 6,777 | $2.3M | Add +16.5% |
| CPRT Copart Inc. | 0.94% | 59,113 | $2.3M | Add +10.1% |
| META Meta Platforms Inc. Class A | 0.92% | 3,417 | $2.3M | Add +86.1% |
| LLY Eli Lilly & Co. | 0.89% | 2,041 | $2.2M | Add +1.5% |
| CHD Church & Dwight Co. Inc. | 0.86% | 25,173 | $2.1M | Reduce -10.4% |
| MKL Markel Group Inc. | 0.79% | 909 | $2.0M | Reduce -14.2% |
| TMDX Transmedics Group Inc. | 0.77% | 15,584 | $1.9M | Reduce -9.2% |
| CSW CSW Industrials Inc. | 0.75% | 6,254 | $1.8M | Reduce -16.7% |
| DELL Dell Technologies -C | 0.74% | 14,481 | $1.8M | Reduce -1.7% |
| ROL Rollins Inc. | 0.71% | 29,085 | $1.7M | Reduce -13.4% |
| EPAC Enerpac Tool Group Corp. | 0.67% | 42,893 | $1.6M | Reduce -13.0% |
| H Hyatt Hotels Corp. Class A | 0.65% | 9,963 | $1.6M | Reduce -13.8% |
| MORN Morningstar Inc. | 0.63% | 7,100 | $1.5M | Reduce -25.8% |
| MNST Monster Beverage Corp. | 0.63% | 20,080 | $1.5M | Reduce -9.2% |
| SHW The Sherwin-Williams Co. | 0.62% | 4,707 | $1.5M | Reduce -2.4% |
| RMD Resmed Inc. | 0.59% | 6,019 | $1.4M | Reduce -10.3% |
| GOOG Alphabet Inc. Class C | 0.58% | 4,527 | $1.4M | Add +27.8% |
| NDAQ Nasdaq Inc. | 0.57% | 14,413 | $1.4M | Add +8.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.56% | 2,748 | $1.4M | Add +7.8% |
| ROST Ross Stores Inc. | 0.55% | 7,573 | $1.4M | Reduce -0.8% |
| WAT Waters Corp. | 0.55% | 3,565 | $1.4M | Reduce -13.2% |
| COST Costco Wholesale Corp. | 0.55% | 1,562 | $1.3M | Add +62.2% |
| PYPL PayPal Holdings Inc. | 0.54% | 22,921 | $1.3M | Add +102.5% |
| EXLS Exlservice Holdings Inc. | 0.51% | 29,802 | $1.3M | Reduce -12.8% |
| INTU Intuit Inc. | 0.49% | 1,822 | $1.2M | Add +3.0% |
| NVS Novartis AG-Sponsored ADR | 0.49% | 8,747 | $1.2M | No change |
| CARG Cargurus Inc. | 0.48% | 30,819 | $1.2M | New |
| ITW Illinois Tool Works | 0.48% | 4,783 | $1.2M | No change |
| FIVE Five Below | 0.47% | 6,082 | $1.1M | Reduce -18.0% |
| DHR Danaher Corp. | 0.47% | 5,003 | $1.1M | Reduce -2.2% |
| FDS Factset Research Systems Inc. | 0.45% | 3,834 | $1.1M | Reduce -33.5% |
| SSNC Ss&c Technologies Holdings | 0.40% | 11,125 | $973K | Reduce -16.8% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.39% | 25,182 | $956K | Reduce -25.0% |
| DKS Dick's Sporting Goods Inc. | 0.38% | 4,759 | $942K | Reduce -2.2% |
| ZS Zscaler Inc. | 0.37% | 4,085 | $919K | Reduce -14.0% |
| COO The Cooper Cos Inc. | 0.36% | 10,939 | $897K | Add +21.6% |
| BX Blackstone Inc. | 0.36% | 5,783 | $891K | Add +0.5% |
| PANW Palo Alto Networks Inc. | 0.35% | 4,740 | $873K | Add +3.8% |
| TYL Tyler Technologies Inc. | 0.35% | 1,892 | $859K | Reduce -13.4% |
| RGEN Repligen Corp. | 0.35% | 5,241 | $859K | Reduce -35.2% |
| AMD Advanced Micro Devices | 0.34% | 3,863 | $827K | Add +8.3% |
| ADBE Adobe Inc. | 0.31% | 2,171 | $760K | Add +14.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.29% | 1,574 | $714K | Add +3.1% |
| TMO Thermo Fisher Scientific Inc. | 0.29% | 1,213 | $703K | Reduce -0.5% |
| XOM Exxon Mobil Corp. | 0.27% | 5,441 | $655K | No change |
| CSCO Cisco Systems Inc. | 0.26% | 8,154 | $628K | Add +15.6% |
| XLY SS Consumer Disc Select Sect | 0.24% | 4,865 | $581K | New |
| XLK SS Technology Select Sector | 0.23% | 3,954 | $569K | New |
| ZTS Zoetis Inc. | 0.22% | 4,325 | $544K | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.21% | 747 | $510K | No change |
| CRM Salesforce Inc. | 0.21% | 1,917 | $508K | No change |
| LIN Linde PLC | 0.20% | 1,167 | $498K | New |
| PLTR Palantir Technologies Inc. Class A | 0.20% | 2,791 | $496K | Add +129.0% |
| HON Honeywell International Inc. | 0.20% | 2,533 | $494K | New |
| LFUS Littelfuse Inc. | 0.19% | 1,831 | $463K | Reduce -21.9% |
| FTNT Fortinet Inc. | 0.18% | 5,637 | $448K | New |
| NOC Northrop Grumman Corp. | 0.18% | 783 | $446K | No change |
| TECH Bio-Techne Corp. | 0.17% | 7,293 | $429K | Reduce -50.0% |
| AMAT Applied Materials Inc. | 0.17% | 1,661 | $427K | Add +13.4% |
| TSLA Tesla Inc. | 0.17% | 920 | $414K | Add +94.5% |
| CTSH Cognizant Tech Solutions-A | 0.15% | 4,397 | $365K | No change |
| NKE Nike Inc. Class B | 0.13% | 5,209 | $332K | No change |
| APH Amphenol Corp. Class A | 0.13% | 2,400 | $324K | No change |
| WST West Pharmaceutical Services | 0.12% | 1,097 | $302K | Reduce -19.5% |
| XLI SS Industrial Select Sector | 0.11% | 1,758 | $273K | New |
| BA The Boeing Co. | 0.11% | 1,255 | $272K | No change |
| MO Altria Group Inc. | 0.11% | 4,704 | $271K | Reduce -9.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.10% | 825 | $244K | No change |
| BKE The Buckle Inc. | 0.09% | 4,095 | $219K | Reduce -1.9% |
| MOV Movado Group Inc. | 0.09% | 10,428 | $215K | Reduce -1.8% |
| APPF Appfolio Inc. Class A | 0.09% | 900 | $209K | No change |
| CVX Chevron Corp. | 0.08% | 1,369 | $209K | Reduce -24.3% |
Portfolio Sells Q3 2025 → Q4 2025
| WSO Watsco Inc. | Reduce -16.8% | 2.19% | −0.98 |
| DUOL Duolingo | Sold out | 0.00% | −0.67 |
| CBZ Cbiz Inc. | Sold out | 0.00% | −0.58 |
| MSFT Microsoft Corp. | Reduce -0.7% | 5.84% | −0.48 |
| WSM Williams-Sonoma Inc. | Reduce -4.7% | 3.11% | −0.47 |
| HD Home Depot Inc. | Reduce -0.1% | 2.06% | −0.37 |
| PG The Procter & Gamble Co. | Reduce -8.6% | 1.82% | −0.32 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -15.2% | 1.94% | −0.31 |
| TTD Trade Desk Inc./the Class A | Reduce -25.0% | 0.39% | −0.28 |
| MORN Morningstar Inc. | Reduce -25.8% | 0.63% | −0.28 |
| FDS Factset Research Systems Inc. | Reduce -33.5% | 0.45% | −0.22 |
| ZS Zscaler Inc. | Reduce -14.0% | 0.37% | −0.21 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -11.7% | 1.03% | −0.19 |
| RMD Resmed Inc. | Reduce -10.3% | 0.59% | −0.16 |
| EPAC Enerpac Tool Group Corp. | Reduce -13.0% | 0.67% | −0.16 |
| TECH Bio-Techne Corp. | Reduce -50.0% | 0.17% | −0.16 |
| CHD Church & Dwight Co. Inc. | Reduce -10.4% | 0.86% | −0.14 |
| TYL Tyler Technologies Inc. | Reduce -13.4% | 0.35% | −0.12 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.11 |
| DELL Dell Technologies -C | Reduce -1.7% | 0.74% | −0.11 |
| EXLS Exlservice Holdings Inc. | Reduce -12.8% | 0.51% | −0.10 |
| ROL Rollins Inc. | Reduce -13.4% | 0.71% | −0.09 |
| RGEN Repligen Corp. | Reduce -35.2% | 0.35% | −0.09 |
| SSNC Ss&c Technologies Holdings | Reduce -16.8% | 0.40% | −0.09 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.08 |
| ACN Accenture PLC Class A | Reduce -12.9% | 1.40% | −0.08 |
| GBDC Golub Capital BDC Inc. | Sold out | 0.00% | −0.07 |
| ABR Arbor Realty Trust Inc. | Sold out | 0.00% | −0.06 |
| OBDC Blue Owl Capital Corp. | Sold out | 0.00% | −0.06 |
| OCSL Oaktree Specialty Lending Co. | Sold out | 0.00% | −0.06 |
| SHW The Sherwin-Williams Co. | Reduce -2.4% | 0.62% | −0.06 |
| LFUS Littelfuse Inc. | Reduce -21.9% | 0.19% | −0.06 |
| DKS Dick's Sporting Goods Inc. | Reduce -2.2% | 0.38% | −0.06 |
| MKL Markel Group Inc. | Reduce -14.2% | 0.79% | −0.03 |
| CVX Chevron Corp. | Reduce -24.3% | 0.08% | −0.03 |
| MO Altria Group Inc. | Reduce -9.1% | 0.11% | −0.03 |
| WST West Pharmaceutical Services | Reduce -19.5% | 0.12% | −0.02 |
| H Hyatt Hotels Corp. Class A | Reduce -13.8% | 0.65% | −0.02 |
| MA Mastercard Inc. Class A | Reduce -1.4% | 1.24% | −0.02 |
| TMDX Transmedics Group Inc. | Reduce -9.2% | 0.77% | −0.01 |
| BKE The Buckle Inc. | Reduce -1.9% | 0.09% | −0.01 |
| FIVE Five Below | Reduce -18.0% | 0.47% | −0.00 |
| AME Ametek Inc. | Reduce -8.1% | 0.99% | +0.00 |
| CSW CSW Industrials Inc. | Reduce -16.7% | 0.75% | +0.00 |
| MOV Movado Group Inc. | Reduce -1.8% | 0.09% | +0.01 |
| MNST Monster Beverage Corp. | Reduce -9.2% | 0.63% | +0.02 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.5% | 0.29% | +0.04 |
| WAT Waters Corp. | Reduce -13.2% | 0.55% | +0.05 |
| DHR Danaher Corp. | Reduce -2.2% | 0.47% | +0.05 |
| ROST Ross Stores Inc. | Reduce -0.8% | 0.55% | +0.08 |
Portfolio Buys Q3 2025 → Q4 2025
| AAPL Apple Inc. | Add +2.3% | 6.92% | +0.57 |
| CARG Cargurus Inc. | New | 0.48% | +0.48 |
| AMGN Amgen Inc. | Add +5.8% | 2.40% | +0.44 |
| MRK Merck & Co. Inc. | Add +7.1% | 1.64% | +0.42 |
| META Meta Platforms Inc. Class A | Add +86.1% | 0.92% | +0.37 |
| AMZN Amazon.com Inc. | Add +31.3% | 1.15% | +0.31 |
| JNJ Johnson & Johnson | Add +4.3% | 2.24% | +0.31 |
| LLY Eli Lilly & Co. | Add +1.5% | 0.89% | +0.27 |
| XLY SS Consumer Disc Select Sect | New | 0.24% | +0.24 |
| PYPL PayPal Holdings Inc. | Add +102.5% | 0.54% | +0.23 |
| XLK SS Technology Select Sector | New | 0.23% | +0.23 |
| GOOG Alphabet Inc. Class C | Add +27.8% | 0.58% | +0.23 |
| ZTS Zoetis Inc. | New | 0.22% | +0.22 |
| NVDA Nvidia Corp. | Add +10.1% | 2.37% | +0.21 |
| QQQ Invesco QQQ Trust Series 1 | Add +8.1% | 2.21% | +0.21 |
| LIN Linde PLC | New | 0.20% | +0.20 |
| HON Honeywell International Inc. | New | 0.20% | +0.20 |
| COST Costco Wholesale Corp. | Add +62.2% | 0.55% | +0.18 |
| FTNT Fortinet Inc. | New | 0.18% | +0.18 |
| AVGO Broadcom Inc. | Add +16.5% | 0.95% | +0.17 |
| PEP Pepsico Inc. | Add +6.0% | 2.21% | +0.17 |
| QCOM Qualcomm Inc. | Add +4.0% | 1.90% | +0.12 |
| COO The Cooper Cos Inc. | Add +21.6% | 0.36% | +0.11 |
| PLTR Palantir Technologies Inc. Class A | Add +129.0% | 0.20% | +0.11 |
| XLI SS Industrial Select Sector | New | 0.11% | +0.11 |
| CNI Canadian Natl Railway Co. | Add +3.6% | 1.36% | +0.10 |
| AMD Advanced Micro Devices | Add +8.3% | 0.34% | +0.10 |
| NDAQ Nasdaq Inc. | Add +8.0% | 0.57% | +0.09 |
| JPM JPMorgan Chase & Co. | Add +0.7% | 3.52% | +0.09 |
| TSLA Tesla Inc. | Add +94.5% | 0.17% | +0.08 |
| CSCO Cisco Systems Inc. | Add +15.6% | 0.26% | +0.06 |
| GD General Dynamics Corp. | Add +3.9% | 2.58% | +0.06 |
| AMAT Applied Materials Inc. | Add +13.4% | 0.17% | +0.05 |
| VRTX Vertex Pharmaceuticals Inc. | Add +3.1% | 0.29% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +7.8% | 0.56% | +0.04 |
| ADBE Adobe Inc. | Add +14.0% | 0.31% | +0.04 |
| ABBV Abbvie Inc. | Add +2.4% | 3.44% | +0.03 |
| UNP Union Pacific Corp. | Add +4.1% | 1.12% | +0.02 |
| INTU Intuit Inc. | Add +3.0% | 0.49% | −0.00 |
| TXN Texas Instruments Inc. | Add +5.9% | 1.65% | −0.01 |
| AVB Avalonbay Communities Inc. | Add +6.2% | 1.06% | −0.01 |
| SNA Snap-on Inc. | Add +0.1% | 2.99% | −0.02 |
| PANW Palo Alto Networks Inc. | Add +3.8% | 0.35% | −0.02 |
| UNH Unitedhealth Group Inc. | Add +2.3% | 1.15% | −0.03 |
| BX Blackstone Inc. | Add +0.5% | 0.36% | −0.04 |
| CPRT Copart Inc. | Add +10.1% | 0.94% | −0.04 |
| BR Broadridge Financial Solutio | Add +4.2% | 1.90% | −0.05 |
| ROP Roper Technologies Inc. | Add +6.9% | 1.02% | −0.05 |
| RSG Republic Services Inc. | Add +3.8% | 2.36% | −0.11 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 85 | $230.2M | AAPL, MSFT, ABBV, JPM, CSCO |
| Q1 2026 | 83 | $207.7M | AAPL, MSFT, ABBV, JPM, SNA |
| Q4 2025 | 104 | $246.2M | AAPL, MSFT, JPM, ABBV, WSM |
| Q3 2025 | 104 | $245.5M | AAPL, MSFT, WSM, JPM, ABBV |
| Q2 2025 | 101 | $233.2M | MSFT, AAPL, WSO, JPM, WSM |
| Q1 2025 | 94 | $225.1M | AAPL, MSFT, WSO, ABBV, WSM |
| Q4 2024 | 94 | $239.7M | AAPL, MSFT, WSM, WSO, SNA |
| Q3 2024 | 112 | $239.4M | AAPL, MSFT, WSO, WSM, MKC |
| Q2 2024 | 108 | $226.1M | MSFT, AAPL, WSM, WSO, QCOM |
| Q1 2024 | 97 | $218.9M | MSFT, WSM, AAPL, WSO, MKC |