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Asset Manager ← All Institutions

Carnegie Investment Counsel

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

Q3 2025 · Filed 2025-10-16
Market Value
$5.3B
+6.6%
Holdings
561
+17
New Purchases
26
Added To
216
Closed
17
Reduced
217
Top 10 Concentration
25.1%
Turnover
7.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 3.03% 2.37% +0.66% $161M
AAPL 3.21% 2.77% +0.44% $170M
SNPS 0.36% 0.00% +0.36% $19M
KRMN 0.34% 0.00% +0.34% $18M
AVGO 2.42% 2.16% +0.26% $128M
RDDT 0.69% 0.44% +0.25% $36M
GOOG 1.12% 0.88% +0.24% $59M
NVDA 2.48% 2.28% +0.20% $132M
ABBV 0.61% 0.43% +0.18% $32M
SOUN 0.41% 0.26% +0.15% $22M
AMAT 0.78% 0.63% +0.15% $41M
UBER 0.95% 0.80% +0.15% $50M
XLI 0.30% 0.17% +0.13% $16M
ORLY 1.06% 0.93% +0.13% $56M
ANET 0.47% 0.35% +0.13% $25M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ADBE 0.09% 0.73% -0.64% $5M
ANSS 0.00% 0.58% -0.58% $0
ACN 0.28% 0.62% -0.34% $15M
CRWV 0.00% 0.30% -0.30% $0
PGR 1.33% 1.53% -0.20% $70M
META 2.22% 2.40% -0.18% $118M
SYK 1.47% 1.65% -0.18% $78M
WING 0.18% 0.35% -0.16% $10M
ZBRA 0.21% 0.36% -0.15% $11M
TW 0.35% 0.48% -0.13% $18M
XLE 0.03% 0.17% -0.13% $2M
FI 0.09% 0.22% -0.13% $5M
V 1.17% 1.29% -0.12% $62M
NVO 0.29% 0.40% -0.12% $15M
FOUR 0.13% 0.23% -0.11% $7M

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 68 $2.2B 41.9%
Large Cap 366 $2.8B 51.9%
Mid Cap 78 $278M 5.3%
Small Cap 36 $37M 0.7%
Micro Cap 13 $11M 0.2%

Portfolio Analytics

Avg Market Cap
$145.9B
Median Market Cap
$40.3B
Avg P/E
34.4
Median P/E
24.8
Avg Dividend Yield
0.02%
Avg Beta
0.99
# Stocks
370
# ETFs / Funds
191

Top Holdings (561 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 3.97% 406,136 $210M $517.95 $8M -621 -0.1%
2 AAPL 3.21% 668,997 $170M $254.63 $33M -2,136 -0.3%
3 GOOGL 3.03% 660,620 $161M $243.10 $43M -7,594 -1.1%
4 NVDA 2.48% 705,402 $132M $186.58 $18M -12,644 -1.8%
5 AVGO 2.42% 388,893 $128M $329.91 $21M -776 -0.2%
6 JPM 2.38% 399,828 $126M $315.43 $7M -9,880 -2.4%
7 META 2.22% 160,327 $118M $734.38 -$2M -1,634 -1.0%
8 AMZN 1.94% 468,800 $103M $219.57 $2M +7,994 +1.7%
9 BRK-B 1.86% 195,983 $99M $502.74 $3M -1,057 -0.5%
10 MA 1.54% 143,121 $81M $568.81 $619K -648 -0.5%
11 SYK 1.47% 210,726 $78M $369.67 -$4M +3,752 +1.8%
12 SCHW 1.47% 813,935 $78M $95.47 $2M -12,404 -1.5%
13 ETN 1.37% 194,552 $73M $374.25 $4M +1,259 +0.7%
14 PGR 1.33% 284,461 $70M $246.95 -$6M -326 -0.1%
15 V 1.17% 182,032 $62M $341.38 -$2M +1,105 +0.6%
16 GOOG 1.12% 243,404 $59M $243.55 $15M -3,778 -1.5%
17 QCOM 1.09% 347,092 $58M $166.36 $4M +9,731 +2.9%
18 SHW 1.07% 163,927 $57M $346.26 $612K +398 +0.2%
19 ORLY 1.06% 523,205 $56M $107.81 $10M +8,836 +1.7%
20 XLK 0.98% 184,103 $52M $281.86 $7M +5,398 +3.0%
21 SPTI 0.97% 1,784,909 $52M $28.90 $6M +184,389 +11.5%
22 UBER 0.95% 514,301 $50M $97.97 $10M +85,550 +19.9%
23 ZTS 0.94% 340,532 $50M $146.32 $84K +21,563 +6.8%
24 SPY 0.92% 73,230 $49M $666.18 $3M -622 -0.8%
25 BLK 0.90% 41,071 $48M $1,165.88 $5M +72 +0.2%
26 CME 0.79% 155,724 $42M $270.19 $1M +6,939 +4.7%
27 LNT 0.79% 622,821 $42M $67.41 $6M +24,482 +4.1%
28 ABT 0.78% 309,095 $41M $133.94 -$476K +1,205 +0.4%
29 AMAT 0.78% 200,723 $41M $204.74 $10M +30,380 +17.8%
30 ECL 0.76% 147,424 $40M $273.86 -$811K -5,428 -3.5%
31 LOW 0.76% 159,842 $40M $251.31 $5M +467 +0.3%
32 CB 0.75% 140,956 $40M $282.25 -$910K +494 +0.3%
33 RTX 0.72% 229,134 $38M $167.33 $5M +86 +0.0%
34 SPIB 0.71% 1,115,407 $38M $33.89 $1M +28,821 +2.6%
35 CRDO 0.70% 253,467 $37M $145.61 $1M -129,024 -33.7%
36 UNH 0.69% 105,621 $36M $345.30 $4M +2,316 +2.2%
37 RDDT 0.69% 158,497 $36M $229.99 $15M +13,811 +9.6%
38 NSC 0.67% 118,761 $36M $300.41 $5M +838 +0.7%
39 HD 0.66% 86,761 $35M $405.19 $4M +1,047 +1.2%
40 ULTA 0.66% 63,987 $35M $546.75 $5M +428 +0.7%
41 IQLT 0.63% 761,475 $34M $44.19 $5M +96,601 +14.5%
42 NET 0.62% 153,033 $33M $214.59 -$2M -25,285 -14.2%
43 COST 0.62% 35,468 $33M $925.63 -$2M +354 +1.0%
44 PSA 0.61% 112,769 $33M $288.85 $6M +21,073 +23.0%
45 ABBV 0.61% 139,194 $32M $231.54 $11M +25,146 +22.1%
46 VGSH 0.60% 539,055 $32M $58.85 $355K +5,396 +1.0%
47 NEE 0.60% 418,891 $32M $75.49 $2M -14,468 -3.3%
48 VZ 0.59% 712,639 $31M $43.95 $897K +9,523 +1.4%
49 SPLG 0.59% 397,974 $31M $78.34 $4M +24,339 +6.5%
50 TJX 0.58% 213,299 $31M $144.54 $4M -2,818 -1.3%
51 AMGN 0.57% 107,260 $30M $282.20 $2M +5,334 +5.2%
52 DCI 0.55% 354,320 $29M $81.85 $5M +8,065 +2.3%
53 NOC 0.55% 47,503 $29M $609.32 $5M -854 -1.8%
54 BAC 0.52% 529,934 $27M $51.59 $4M +45,168 +9.3%
55 CASY 0.51% 47,659 $27M $565.32 $4M +2,042 +4.5%
56 KNSL 0.50% 61,905 $26M $425.26 -$4M +17 +0.0%
57 JNJ 0.49% 140,515 $26M $185.42 $4M -1,059 -0.8%
58 TEL 0.47% 114,617 $25M $219.53 $5M -3,313 -2.8%
59 ANET 0.47% 172,419 $25M $145.71 $8M +4,227 +2.5%
60 AMT 0.47% 128,666 $25M $192.32 -$3M +3,835 +3.1%
61 TMO 0.45% 49,645 $24M $485.02 $3M -2,768 -5.3%
62 MBB 0.45% 249,475 $24M $95.15 $1M +8,142 +3.4%
63 VIG 0.44% 108,888 $23M $215.79 $2M +4,238 +4.0%
64 UNP 0.43% 95,572 $23M $236.37 -$3M -16,637 -14.8%
65 CVX 0.42% 142,009 $22M $155.29 $3M +6,550 +4.8%
66 SOUN 0.41% 1,363,405 $22M $16.08 $9M +164,725 +13.7%
67 PLTR 0.41% 118,483 $22M $182.42 $5M -3,191 -2.6%
68 OTIS 0.40% 234,368 $21M $91.43 $2M +38,931 +19.9%
69 KMI 0.40% 755,295 $21M $28.31 $1M +67,274 +9.8%
70 SUB 0.40% 196,836 $21M $106.78 -$338K -3,989 -2.0%
71 VOO 0.40% 34,260 $21M $612.35 $2M +172 +0.5%
72 WMT 0.39% 201,838 $21M $103.06 $2M +10,597 +5.5%
73 ROK 0.39% 59,345 $21M $349.53 -$2M -10,421 -14.9%
74 CART 0.38% 542,936 $20M $36.76 $7M +247,061 +83.5%
75 SO 0.37% 207,350 $20M $94.77 $865K +2,783 +1.4%
76 MMC 0.37% 97,020 $20M $201.53 -$3M -6,375 -6.2%
77 PAC 0.37% 82,037 $19M $237.19 $716K +412 +0.5%
78 CSX 0.36% 542,316 $19M $35.51 $1M -2,160 -0.4%
79 GEV 0.36% 31,315 $19M $614.90 $1M -2,643 -7.8%
80 SNPS 0.36% 38,904 $19M $493.39 +38,904 NEW
81 CSCO 0.35% 272,960 $19M $68.42 -$6K +3,684 +1.4%
82 TW 0.35% 166,505 $18M $110.98 -$6M +2,472 +1.5%
83 IBTG 0.34% 793,149 $18M $22.95 $1M +58,658 +8.0%
84 VTEB 0.34% 361,706 $18M $50.07 $938K +11,453 +3.3%
85 KRMN 0.34% 249,307 $18M $72.20 +249,307 NEW
86 TMUS 0.34% 74,723 $18M $239.38 -$714K -3,347 -4.3%
87 RELX 0.33% 367,292 $18M $47.76 -$2M +4,732 +1.3%
88 SHOP 0.33% 116,103 $17M $148.61 $4M +4,410 +4.0%
89 HIMS 0.33% 303,909 $17M $56.72 $5M +61,560 +25.4%
90 POST 0.32% 158,701 $17M $107.48 $502K +6,861 +4.5%
91 PM 0.32% 104,470 $17M $162.20 -$2M +2,823 +2.8%
92 XLF 0.31% 309,460 $17M $53.87 $211K -4,832 -1.5%
93 SCHP 0.31% 614,469 $17M $26.95 $762K +22,341 +3.8%
94 IONQ 0.31% 268,704 $17M $61.50 -$2M -155,878 -36.7%
95 CTAS 0.30% 78,296 $16M $205.26 -$2M -814 -1.0%
96 XLI 0.30% 103,135 $16M $154.23 $8M +46,625 +82.5%
97 HOLX 0.29% 229,214 $15M $67.49 $1M +7,686 +3.5%
98 VO 0.29% 51,795 $15M $293.74 $779K +210 +0.4%
99 RSG 0.29% 66,142 $15M $229.48 $636K +7,174 +12.2%
100 NVO 0.29% 272,869 $15M $55.49 -$5M -16,640 -5.8%

New Positions

SymbolValue% Port
SNPS $19M 0.36%
KRMN $18M 0.34%
XAIX $4M 0.07%
IBTH $731K 0.01%
PDYN $601K 0.01%
CPB $564K 0.01%
MDYG $550K 0.01%
BSCW $464K 0.01%
DOCU $424K 0.01%
MAR $379K 0.01%
HPE $291K 0.01%
TAN $251K —%
BSJT $250K —%
IYY $246K —%
LW $244K —%

Sold Out Positions

SymbolValue% Port
TQQQ —%
FDX —%
AFG —%
CAH —%
KMX —%
CNC —%
FERG —%
HOOD —%
EXR —%
CRWV —%
HDV —%
EWJ —%
ARM —%
SIF —%
SPHD —%
View SEC EDGAR Filings for Carnegie Investment Counsel →

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