Kensington Investment Counsel, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 19, 2026), Kensington Investment Counsel, LLC reported 83 stock positions worth $207.7 million. Its top holding was Apple (AAPL) at 7.5% of the portfolio, followed by Microsoft (MSFT, 5.4%) and Abbvie (ABBV, 3.9%). Compared with Q4 2025, it opened 5 new positions, sold out of 26, added to 19 and reduced 49. The biggest buy was Cisco Systems (CSCO, shares +775%) and the biggest sale an exit from McCormick & Co.-Non VTG SHRS (MKC).
- Most Recent 13F
- Q2 2026
- Location
- LONG BEACH, CA
- CIK
- 0001845536
- Portfolio Value
- $207.7M (Q1 2026)
- SEC Filing
- 0001845536-26-000002 ↗ filed May 19, 2026
Holdings Value
Holdings 83 stocks · $207.7M
| AAPL Apple Inc. | 7.49% | 61,300 | $15.6M | Reduce -2.1% |
| MSFT Microsoft Corp. | 5.39% | 30,243 | $11.2M | Add +1.7% |
| ABBV Abbvie Inc. | 3.93% | 37,513 | $8.2M | Add +1.3% |
| JPM JPMorgan Chase & Co. | 3.91% | 27,593 | $8.1M | Add +2.7% |
| SNA Snap-on Inc. | 3.52% | 20,151 | $7.3M | Reduce -5.7% |
| JNJ Johnson & Johnson | 3.23% | 27,409 | $6.7M | Add +2.8% |
| GD General Dynamics Corp. | 3.16% | 19,116 | $6.6M | Add +1.2% |
| AMGN Amgen Inc. | 2.98% | 17,615 | $6.2M | Reduce -2.5% |
| RSG Republic Services Inc. | 2.91% | 27,570 | $6.0M | Add +0.6% |
| PEP Pepsico Inc. | 2.80% | 37,471 | $5.8M | Reduce -1.3% |
| NVDA Nvidia Corp. | 2.70% | 32,137 | $5.6M | Add +2.5% |
| CSCO Cisco Systems Inc. | 2.67% | 71,387 | $5.5M | Add +775.5% |
| HD Home Depot Inc. | 2.55% | 16,107 | $5.3M | Add +9.1% |
| QQQ Invesco QQQ Trust Series 1 | 2.53% | 9,106 | $5.3M | Add +2.9% |
| WSO Watsco Inc. | 2.34% | 13,372 | $4.9M | Reduce -16.3% |
| GOOGL Alphabet Inc. Class A | 2.31% | 16,678 | $4.8M | Reduce -4.3% |
| MRK Merck & Co. Inc. | 2.27% | 39,225 | $4.7M | Add +2.3% |
| WSM Williams-Sonoma Inc. | 2.21% | 25,223 | $4.6M | Reduce -41.1% |
| TXN Texas Instruments Inc. | 2.17% | 23,176 | $4.5M | Reduce -1.2% |
| SLB SLB Ltd. filed as SLB LIMITED | 2.02% | 81,856 | $4.2M | New |
| HON Honeywell International Inc. | 1.86% | 17,097 | $3.9M | Add +575.0% |
| QCOM Qualcomm Inc. | 1.70% | 27,449 | $3.5M | Add +0.3% |
| CNI Canadian Natl Railway Co. | 1.64% | 33,236 | $3.4M | Reduce -1.8% |
| BR Broadridge Financial Solutio | 1.58% | 20,258 | $3.3M | Reduce -3.2% |
| HAL Halliburton Co. | 1.55% | 82,440 | $3.2M | New |
| XOM Exxon Mobil Corp. | 1.43% | 17,548 | $3.0M | Add +222.5% |
| UNP Union Pacific Corp. | 1.37% | 11,769 | $2.9M | Reduce -0.9% |
| DELL Dell Technologies -C | 1.35% | 17,075 | $2.8M | Add +17.9% |
| MA Mastercard Inc. Class A | 1.28% | 5,327 | $2.7M | No change |
| AVB Avalonbay Communities Inc. | 1.12% | 14,197 | $2.3M | Reduce -0.9% |
| UNH Unitedhealth Group Inc. | 1.09% | 8,398 | $2.3M | Reduce -1.9% |
| AMZN Amazon.com Inc. | 0.98% | 9,733 | $2.0M | Reduce -20.8% |
| AVGO Broadcom Inc. | 0.94% | 6,327 | $2.0M | Reduce -6.6% |
| AME Ametek Inc. | 0.94% | 9,133 | $2.0M | Reduce -23.2% |
| LLY Eli Lilly & Co. | 0.90% | 2,041 | $1.9M | No change |
| CHD Church & Dwight Co. Inc. | 0.86% | 19,249 | $1.8M | Reduce -23.5% |
| META Meta Platforms Inc. Class A | 0.82% | 2,988 | $1.7M | Reduce -12.6% |
| ROST Ross Stores Inc. | 0.78% | 7,447 | $1.6M | Reduce -1.7% |
| SHW The Sherwin-Williams Co. | 0.73% | 4,707 | $1.5M | No change |
| MKL Markel Group Inc. | 0.64% | 694 | $1.3M | Reduce -23.6% |
| NVS Novartis AG-Sponsored ADR | 0.62% | 8,470 | $1.3M | Reduce -3.2% |
| COST Costco Wholesale Corp. | 0.61% | 1,269 | $1.3M | Reduce -18.8% |
| ITW Illinois Tool Works | 0.56% | 4,451 | $1.2M | Reduce -6.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.55% | 2,401 | $1.2M | Reduce -12.6% |
| MNST Monster Beverage Corp. | 0.52% | 14,901 | $1.1M | Reduce -25.8% |
| DKS Dick's Sporting Goods Inc. | 0.49% | 5,166 | $1.0M | Add +8.6% |
| RMD Resmed Inc. | 0.46% | 4,278 | $960K | Reduce -28.9% |
| ROL Rollins Inc. | 0.46% | 17,847 | $953K | Reduce -38.6% |
| ROP Roper Technologies Inc. | 0.45% | 2,629 | $930K | Reduce -53.4% |
| DHR Danaher Corp. | 0.44% | 4,873 | $924K | Reduce -2.6% |
| XLK SS Technology Select Sector | 0.42% | 6,641 | $883K | Add +68.0% |
| FIVE Five Below | 0.42% | 3,853 | $880K | Reduce -36.6% |
| H Hyatt Hotels Corp. Class A | 0.41% | 5,987 | $861K | Reduce -39.9% |
| TMDX Transmedics Group Inc. | 0.40% | 8,291 | $824K | Reduce -46.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.36% | 1,166 | $758K | Add +56.1% |
| PANW Palo Alto Networks Inc. | 0.36% | 4,703 | $754K | Reduce -0.8% |
| VRTX Vertex Pharmaceuticals Inc. | 0.33% | 1,553 | $693K | Reduce -1.3% |
| TSLA Tesla Inc. | 0.32% | 1,803 | $670K | Add +96.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.32% | 1,708 | $667K | Reduce -68.5% |
| EPAC Enerpac Tool Group Corp. | 0.32% | 17,986 | $656K | Reduce -58.1% |
| CSW CSW Industrials Inc. | 0.31% | 2,508 | $654K | Reduce -59.9% |
| GOOG Alphabet Inc. Class C | 0.29% | 2,118 | $608K | Reduce -53.2% |
| CPRT Copart Inc. | 0.28% | 17,596 | $584K | Reduce -70.2% |
| BX Blackstone Inc. | 0.28% | 5,049 | $581K | Reduce -12.7% |
| LIN Linde PLC | 0.27% | 1,126 | $558K | Reduce -3.5% |
| NOC Northrop Grumman Corp. | 0.26% | 783 | $534K | No change |
| XLY SS Consumer Disc Select Sect | 0.26% | 4,865 | $530K | No change |
| TMO Thermo Fisher Scientific Inc. | 0.24% | 1,008 | $495K | Reduce -16.9% |
| AMD Advanced Micro Devices | 0.22% | 2,231 | $454K | Reduce -42.3% |
| WAT Waters Corp. | 0.21% | 1,443 | $430K | Reduce -59.5% |
| NDAQ Nasdaq Inc. | 0.18% | 4,381 | $372K | Reduce -69.6% |
| FCX Freeport-McMoran Inc. | 0.17% | 6,129 | $360K | New |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.17% | 793 | $346K | New |
| VOO Vanguard S&P 500 ETF | 0.15% | 537 | $321K | New |
| CRM Salesforce Inc. | 0.15% | 1,686 | $315K | Reduce -12.1% |
| MO Altria Group Inc. | 0.15% | 4,704 | $310K | No change |
| XLI SS Industrial Select Sector | 0.14% | 1,758 | $284K | No change |
| CVX Chevron Corp. | 0.14% | 1,369 | $283K | No change |
| NKE Nike Inc. Class B | 0.13% | 5,209 | $275K | No change |
| AMAT Applied Materials Inc. | 0.13% | 803 | $274K | Reduce -51.7% |
| BA The Boeing Co. | 0.12% | 1,255 | $250K | No change |
| RGEN Repligen Corp. | 0.12% | 2,107 | $248K | Reduce -59.8% |
| CTSH Cognizant Tech Solutions-A | 0.12% | 4,008 | $246K | Reduce -8.8% |
Portfolio Sells Q4 2025 → Q1 2026
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −1.94 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −1.82 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −1.40 |
| WSM Williams-Sonoma Inc. | Reduce -41.1% | 2.21% | −0.90 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -68.5% | 0.32% | −0.71 |
| CPRT Copart Inc. | Reduce -70.2% | 0.28% | −0.66 |
| MORN Morningstar Inc. | Sold out | 0.00% | −0.63 |
| ROP Roper Technologies Inc. | Reduce -53.4% | 0.45% | −0.57 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.54 |
| EXLS Exlservice Holdings Inc. | Sold out | 0.00% | −0.51 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.49 |
| CARG Cargurus Inc. | Sold out | 0.00% | −0.48 |
| FDS Factset Research Systems Inc. | Sold out | 0.00% | −0.45 |
| CSW CSW Industrials Inc. | Reduce -59.9% | 0.31% | −0.43 |
| SSNC Ss&c Technologies Holdings | Sold out | 0.00% | −0.40 |
| NDAQ Nasdaq Inc. | Reduce -69.6% | 0.18% | −0.39 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.39 |
| TMDX Transmedics Group Inc. | Reduce -46.8% | 0.40% | −0.37 |
| ZS Zscaler Inc. | Sold out | 0.00% | −0.37 |
| COO The Cooper Cos Inc. | Sold out | 0.00% | −0.36 |
| EPAC Enerpac Tool Group Corp. | Reduce -58.1% | 0.32% | −0.35 |
| TYL Tyler Technologies Inc. | Sold out | 0.00% | −0.35 |
| WAT Waters Corp. | Reduce -59.5% | 0.21% | −0.34 |
| BR Broadridge Financial Solutio | Reduce -3.2% | 1.58% | −0.31 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.31 |
| GOOG Alphabet Inc. Class C | Reduce -53.2% | 0.29% | −0.28 |
| ROL Rollins Inc. | Reduce -38.6% | 0.46% | −0.25 |
| H Hyatt Hotels Corp. Class A | Reduce -39.9% | 0.41% | −0.23 |
| RGEN Repligen Corp. | Reduce -59.8% | 0.12% | −0.23 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.22 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.20 |
| LFUS Littelfuse Inc. | Sold out | 0.00% | −0.19 |
| FTNT Fortinet Inc. | Sold out | 0.00% | −0.18 |
| AMZN Amazon.com Inc. | Reduce -20.8% | 0.98% | −0.18 |
| TECH Bio-Techne Corp. | Sold out | 0.00% | −0.17 |
| MKL Markel Group Inc. | Reduce -23.6% | 0.64% | −0.15 |
| APH Amphenol Corp. Class A | Sold out | 0.00% | −0.13 |
| RMD Resmed Inc. | Reduce -28.9% | 0.46% | −0.13 |
| WST West Pharmaceutical Services | Sold out | 0.00% | −0.12 |
| AMD Advanced Micro Devices | Reduce -42.3% | 0.22% | −0.12 |
| MNST Monster Beverage Corp. | Reduce -25.8% | 0.52% | −0.11 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.10 |
| META Meta Platforms Inc. Class A | Reduce -12.6% | 0.82% | −0.09 |
| BKE The Buckle Inc. | Sold out | 0.00% | −0.09 |
| MOV Movado Group Inc. | Sold out | 0.00% | −0.09 |
| APPF Appfolio Inc. Class A | Sold out | 0.00% | −0.09 |
| BX Blackstone Inc. | Reduce -12.7% | 0.28% | −0.08 |
| CRM Salesforce Inc. | Reduce -12.1% | 0.15% | −0.05 |
| UNH Unitedhealth Group Inc. | Reduce -1.9% | 1.09% | −0.05 |
| AME Ametek Inc. | Reduce -23.2% | 0.94% | −0.05 |
Portfolio Buys Q4 2025 → Q1 2026
| CSCO Cisco Systems Inc. | Add +775.5% | 2.67% | +2.41 |
| SLB SLB Ltd. | New | 2.02% | +2.02 |
| HON Honeywell International Inc. | Add +575.0% | 1.86% | +1.66 |
| HAL Halliburton Co. | New | 1.55% | +1.55 |
| XOM Exxon Mobil Corp. | Add +222.5% | 1.43% | +1.17 |
| JNJ Johnson & Johnson | Add +2.8% | 3.23% | +0.98 |
| MRK Merck & Co. Inc. | Add +2.3% | 2.27% | +0.63 |
| DELL Dell Technologies -C | Add +17.9% | 1.35% | +0.61 |
| GD General Dynamics Corp. | Add +1.2% | 3.16% | +0.57 |
| RSG Republic Services Inc. | Add +0.6% | 2.91% | +0.55 |
| ABBV Abbvie Inc. | Add +1.3% | 3.93% | +0.49 |
| HD Home Depot Inc. | Add +9.1% | 2.55% | +0.49 |
| JPM JPMorgan Chase & Co. | Add +2.7% | 3.91% | +0.39 |
| NVDA Nvidia Corp. | Add +2.5% | 2.70% | +0.32 |
| QQQ Invesco QQQ Trust Series 1 | Add +2.9% | 2.53% | +0.32 |
| XLK SS Technology Select Sector | Add +68.0% | 0.42% | +0.19 |
| FCX Freeport-McMoran Inc. | New | 0.17% | +0.17 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.17% | +0.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +56.1% | 0.36% | +0.16 |
| TSLA Tesla Inc. | Add +96.0% | 0.32% | +0.15 |
| VOO Vanguard S&P 500 ETF | New | 0.15% | +0.15 |
| DKS Dick's Sporting Goods Inc. | Add +8.6% | 0.49% | +0.11 |
| QCOM Qualcomm Inc. | Add +0.3% | 1.70% | −0.20 |
| MSFT Microsoft Corp. | Add +1.7% | 5.39% | −0.45 |
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 |