— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

Carnegie Investment Counsel

30300 CHAGRIN BOULEVARD, PEPPER PIKE, OH 44124 • 216-367-4114

Q2 2025 · Filed 2025-07-31
Market Value
$5.0B
+18.1%
Holdings
544
+33
New Purchases
65
Added To
227
Closed
9
Reduced
194
Top 10 Concentration
24.1%
Turnover
13.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 4.07% 3.46% +0.61% $202M
NVDA 2.28% 1.70% +0.58% $113M
ZTS 1.00% 0.53% +0.47% $50M
AVGO 2.16% 1.69% +0.47% $107M
CRDO 0.71% 0.33% +0.38% $35M
META 2.40% 2.07% +0.33% $120M
CRWV 0.30% 0.00% +0.30% $15M
UBER 0.80% 0.53% +0.27% $40M
NET 0.70% 0.44% +0.26% $35M
ETN 1.39% 1.15% +0.24% $69M
FOUR 0.23% 0.00% +0.23% $11M
JPM 2.39% 2.18% +0.21% $119M
FI 0.22% 0.02% +0.19% $11M
GRAL 0.17% 0.00% +0.17% $9M
XLK 0.91% 0.75% +0.16% $45M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
KEYS 0.01% 0.55% -0.54% $377K
UNH 0.65% 1.18% -0.53% $32M
BRK-B 1.93% 2.42% -0.50% $96M
AAPL 2.77% 3.04% -0.27% $138M
PEP 0.21% 0.47% -0.26% $10M
ORLY 0.93% 1.17% -0.24% $46M
PGR 1.53% 1.74% -0.21% $76M
ADBE 0.73% 0.91% -0.18% $36M
CB 0.82% 0.99% -0.17% $41M
THO 0.03% 0.20% -0.17% $2M
PYPL 0.15% 0.31% -0.16% $7M
SHW 1.13% 1.29% -0.16% $56M
TMO 0.43% 0.59% -0.16% $21M
HD 0.63% 0.79% -0.16% $31M
BRK-A 0.22% 0.38% -0.16% $11M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 34.3%
Technology 19.0%
Industrials 11.0%
Consumer Cyclical 8.2%
Communication Services 8.2%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 69 $2.0B 40.2%
Large Cap 362 $2.7B 54.2%
Mid Cap 69 $239M 4.8%
Small Cap 34 $33M 0.7%
Micro Cap 10 $7M 0.1%

Portfolio Analytics

Avg Market Cap
$150.3B
Median Market Cap
$42.0B
Avg P/E
33.1
Median P/E
24.8
Avg Dividend Yield
0.02%
Avg Beta
0.99
# Stocks
365
# ETFs / Funds
179

Top Holdings (544 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 4.07% 406,757 $202M $497.41 $57M +5,393 +1.3%
2 AAPL 2.77% 671,133 $138M $205.17 $10M -23,167 -3.3%
3 META 2.40% 161,961 $120M $738.10 $32M +2,173 +1.4%
4 JPM 2.39% 409,708 $119M $289.91 $27M -8,292 -2.0%
5 GOOGL 2.37% 668,214 $118M $176.23 $20M +16,422 +2.5%
6 NVDA 2.28% 718,046 $113M $157.99 $42M -13,700 -1.9%
7 AVGO 2.16% 389,669 $107M $275.65 $36M -50,261 -11.4%
8 AMZN 2.03% 460,806 $101M $219.39 $21M +6,749 +1.5%
9 BRK-B 1.93% 197,040 $96M $485.77 -$6M -7,580 -3.7%
10 SYK 1.65% 206,974 $82M $395.63 $9M +2,430 +1.2%
11 MA 1.63% 143,769 $81M $561.94 $8M -1,450 -1.0%
12 PGR 1.53% 284,787 $76M $266.86 $3M -2,431 -0.8%
13 SCHW 1.52% 826,339 $75M $91.24 $15M +6,486 +0.8%
14 ETN 1.39% 193,293 $69M $356.99 $21M +1,728 +0.9%
15 V 1.29% 180,927 $64M $355.05 $8M +8,459 +4.9%
16 SHW 1.13% 163,529 $56M $343.36 $2M -4,457 -2.6%
17 QCOM 1.08% 337,361 $54M $159.26 $5M -2,814 -0.8%
18 ZTS 1.00% 318,969 $50M $155.95 $28M +170,549 +114.9%
19 ORLY 0.93% 514,369 $46M $90.13 -$3M +479,908 +1392.6%
20 SPTI 0.93% 1,600,520 $46M $28.77 $8M +263,108 +19.7%
21 SPY 0.92% 73,852 $46M $617.85 $8M -600 -0.8%
22 XLK 0.91% 178,705 $45M $253.23 $14M +6,211 +3.6%
23 GOOG 0.88% 247,182 $44M $177.39 $7M -393 -0.2%
24 BLK 0.87% 40,999 $43M $1,049.26 $7M -935 -2.2%
25 ABT 0.84% 307,890 $42M $136.01 $3M +6,328 +2.1%
26 ECL 0.83% 152,852 $41M $269.44 $5M -1,086 -0.7%
27 CME 0.82% 148,785 $41M $275.62 $5M +12,350 +9.1%
28 CB 0.82% 140,462 $41M $289.72 -$1M -2,398 -1.7%
29 UBER 0.80% 428,751 $40M $93.30 $18M +87,108 +25.5%
30 SPIB 0.73% 1,086,586 $36M $33.58 $1M +26,238 +2.5%
31 ADBE 0.73% 94,080 $36M $386.88 -$2M -10,845 -10.3%
32 LNT 0.73% 598,339 $36M $60.47 $2M +66,656 +12.5%
33 CRDO 0.71% 382,491 $35M $92.59 $22M -3,205 -0.8%
34 LOW 0.71% 159,375 $35M $221.87 $852K +816 +0.5%
35 NET 0.70% 178,318 $35M $195.83 $16M -9,055 -4.8%
36 COST 0.70% 35,114 $35M $989.93 $3M -69 -0.2%
37 RTX 0.67% 229,048 $33M $146.02 $4M -7,092 -3.0%
38 UNH 0.65% 103,305 $32M $311.97 -$17M +8,474 +8.9%
39 HD 0.63% 85,714 $31M $366.64 -$2M -8,199 -8.7%
40 VGSH 0.63% 533,659 $31M $58.78 $890K +14,350 +2.8%
41 AMAT 0.63% 170,343 $31M $183.07 $11M +19,616 +13.0%
42 ACN 0.62% 103,467 $31M $298.89 $3M +4,734 +4.8%
43 VZ 0.61% 703,116 $30M $43.27 -$142K +28,267 +4.2%
44 NSC 0.61% 117,923 $30M $255.97 $3M +3,380 +3.0%
45 NEE 0.61% 433,359 $30M $69.42 $2M +3,704 +0.9%
46 KNSL 0.60% 61,888 $30M $483.90 $3M +1,461 +2.4%
47 ULTA 0.60% 63,559 $30M $467.82 $7M +1,601 +2.6%
48 ANSS 0.58% 82,396 $29M $351.22 $6M +1,374 +1.7%
49 IQLT 0.58% 664,874 $29M $43.22 $6M +33,522 +5.3%
50 AMGN 0.57% 101,926 $28M $279.21 -$1M +103 +0.1%
51 AMT 0.56% 124,831 $28M $221.02 $961K +43 +0.0%
52 SPLG 0.55% 373,635 $27M $72.69 $8M +45,696 +13.9%
53 PSA 0.54% 91,696 $27M $293.42 $2M +7,522 +8.9%
54 TJX 0.54% 216,117 $27M $123.49 $1M +688 +0.3%
55 UNP 0.52% 112,209 $26M $230.08 $1M -5,219 -4.4%
56 NOC 0.49% 48,357 $24M $499.98 -$1M -4,921 -9.2%
57 TW 0.48% 164,033 $24M $146.40 $4M +10,940 +7.2%
58 DCI 0.48% 346,255 $24M $69.35 $865K +802 +0.2%
59 CASY 0.47% 45,617 $23M $510.27 $5M +992 +2.2%
60 ROK 0.47% 69,766 $23M $332.17 $7M -303 -0.4%
61 BAC 0.46% 484,766 $23M $47.32 $4M +4,300 +0.9%
62 MBB 0.46% 241,333 $23M $93.89 $971K +10,056 +4.3%
63 MMC 0.45% 103,395 $23M $218.64 $1M +8,850 +9.4%
64 RDDT 0.44% 144,686 $22M $150.57 $5M -36,108 -20.0%
65 JNJ 0.44% 141,574 $22M $152.75 -$714K -3,037 -2.1%
66 VIG 0.43% 104,650 $21M $204.67 $4M +3,326 +3.3%
67 SUB 0.43% 200,825 $21M $106.34 $2M +20,434 +11.3%
68 TMO 0.43% 52,413 $21M $405.46 -$3M -3,703 -6.6%
69 ABBV 0.43% 114,048 $21M $185.62 -$2M -2,168 -1.9%
70 KMI 0.41% 688,021 $20M $29.40 $3M +16,272 +2.4%
71 NVO 0.40% 289,509 $20M $69.02 $3M +17,034 +6.2%
72 TEL 0.40% 117,930 $20M $168.67 $5M +908 +0.8%
73 RELX 0.40% 362,560 $20M $54.34 $4M +44,646 +14.0%
74 CVX 0.39% 135,459 $19M $143.19 $991K +4,152 +3.2%
75 VOO 0.39% 34,088 $19M $568.04 $4M +338 +1.0%
76 OTIS 0.39% 195,437 $19M $99.02 $2M +1,964 +1.0%
77 SO 0.38% 204,567 $19M $91.83 $1M +12,314 +6.4%
78 PAC 0.38% 81,625 $19M $229.62 $5M +7,470 +10.1%
79 WMT 0.38% 191,241 $19M $97.78 $3M +1,031 +0.5%
80 CSCO 0.38% 269,276 $19M $69.38 $4M -391 -0.1%
81 TMUS 0.37% 78,070 $19M $238.26 -$401K +1,042 +1.4%
82 PM 0.37% 101,647 $19M $182.13 $3M -1,042 -1.0%
83 IONQ 0.37% 424,582 $18M $42.97 $8M -21,003 -4.7%
84 GEV 0.36% 33,958 $18M $529.15 $8M -102 -0.3%
85 ZBRA 0.36% 58,264 $18M $308.36 $6M +3,543 +6.5%
86 CSX 0.36% 544,476 $18M $32.63 $3M -14,074 -2.5%
87 CTAS 0.35% 79,110 $18M $222.87 $2M -1,037 -1.3%
88 WING 0.35% 51,436 $17M $336.74 $7M +4,236 +9.0%
89 ANET 0.35% 168,192 $17M $102.31 $7M +12,736 +8.2%
90 VTEB 0.35% 350,253 $17M $49.03 $214K +8,466 +2.5%
91 IBTG 0.34% 734,491 $17M $22.93 $1M +61,464 +9.1%
92 PLTR 0.33% 121,674 $17M $136.32 $7M +2,630 +2.2%
93 POST 0.33% 151,840 $17M $109.03 $2M +20,186 +15.3%
94 XLF 0.33% 314,292 $16M $52.37 $3M +1,213 +0.4%
95 MCD 0.32% 54,365 $16M $292.17 -$242K +725 +1.4%
96 SCHP 0.32% 592,128 $16M $26.68 $1M +52,308 +9.7%
97 EMR 0.31% 115,762 $15M $133.33 $4M +3,346 +3.0%
98 CRWV 0.30% 92,436 $15M $163.06 +92,436 NEW
99 WSO 0.30% 33,933 $15M $441.62 -$982K +162 +0.5%
100 IBTF 0.30% 631,320 $15M $23.36 -$826K -36,515 -5.5%

New Positions

SymbolValue% Port
CRWV $15M 0.30%
FOUR $11M 0.23%
GRAL $9M 0.17%
TGT $2M 0.05%
YNDX $2M 0.05%
COF $2M 0.03%
TSPA $1M 0.03%
CFR $960K 0.02%
LRCX $639K 0.01%
FCNCA $614K 0.01%
IMCB $552K 0.01%
ARKF $538K 0.01%
GSLC $518K 0.01%
ET $466K 0.01%
VCSH $446K 0.01%

Sold Out Positions

SymbolValue% Port
DOW —%
RY —%
SPHR —%
SWK —%
LQDT —%
ADSK —%
BSMS —%
NWBI —%
NLR —%
View SEC EDGAR Filings for Carnegie Investment Counsel →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms