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Asset Manager ← All Institutions

Carnegie Investment Counsel

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

Q4 2025 · Filed 2026-01-23
Market Value
$5.4B
+2.2%
Holdings
589
+28
New Purchases
45
Added To
242
Closed
33
Reduced
199
Top 10 Concentration
25.3%
Turnover
13.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 3.63% 3.03% +0.60% $197M
LECO 0.35% 0.09% +0.26% $19M
IBTH 0.25% 0.01% +0.24% $14M
GOOG 1.35% 1.12% +0.24% $73M
AAPL 3.44% 3.21% +0.23% $186M
UPST 0.19% 0.00% +0.19% $10M
ALAB 0.19% 0.00% +0.19% $10M
KO 0.30% 0.13% +0.16% $16M
CB 0.90% 0.75% +0.15% $49M
AMAT 0.92% 0.78% +0.15% $50M
PFFD 0.14% 0.00% +0.14% $7M
SCHB 0.16% 0.02% +0.14% $9M
AMZN 2.07% 1.94% +0.13% $112M
KRMN 0.47% 0.34% +0.13% $25M
JNJ 0.61% 0.49% +0.12% $33M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ORLY 0.79% 1.06% -0.28% $43M
HIMS 0.06% 0.33% -0.27% $3M
META 1.96% 2.22% -0.26% $106M
IBTF 0.00% 0.26% -0.26% $0
MSFT 3.73% 3.97% -0.24% $202M
ETN 1.13% 1.37% -0.24% $61M
ZTS 0.71% 0.94% -0.23% $38M
SNPS 0.14% 0.36% -0.22% $8M
AVGO 2.25% 2.42% -0.17% $122M
SOUN 0.24% 0.41% -0.17% $13M
TOST 0.01% 0.16% -0.15% $362K
ACN 0.13% 0.28% -0.15% $7M
MMC 0.22% 0.37% -0.15% $12M
NET 0.49% 0.62% -0.13% $27M
SHW 0.95% 1.07% -0.12% $51M

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 $2.3B 43.3%
Large Cap 384 $2.7B 50.5%
Mid Cap 79 $292M 5.4%
Small Cap 42 $28M 0.5%
Micro Cap 15 $14M 0.3%

Portfolio Analytics

Avg Market Cap
$141.3B
Median Market Cap
$38.7B
Avg P/E
34.3
Median P/E
25.4
Avg Dividend Yield
0.02%
Avg Beta
0.97
# Stocks
383
# ETFs / Funds
206

Top Holdings (589 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 3.73% 417,149 $202M $483.62 -$9M +11,013 +2.7%
2 GOOGL 3.63% 628,482 $197M $313.00 $36M -32,138 -4.9%
3 AAPL 3.44% 685,642 $186M $271.86 $16M +16,645 +2.5%
4 JPM 2.49% 419,147 $135M $322.22 $9M +19,319 +4.8%
5 NVDA 2.41% 699,594 $130M $186.50 -$1M -5,808 -0.8%
6 AVGO 2.25% 351,598 $122M $346.10 -$7M -37,295 -9.6%
7 AMZN 2.07% 485,357 $112M $230.82 $9M +16,557 +3.5%
8 META 1.96% 161,029 $106M $660.09 -$11M +702 +0.4%
9 BRK-B 1.79% 192,661 $97M $502.65 -$2M -3,322 -1.7%
10 MA 1.49% 141,766 $81M $570.88 -$477K -1,355 -0.9%
11 SCHW 1.48% 803,701 $80M $99.91 $3M -10,234 -1.3%
12 SYK 1.44% 221,859 $78M $351.47 $78K +11,133 +5.3%
13 GOOG 1.35% 233,662 $73M $313.80 $14M -9,742 -4.0%
14 PGR 1.21% 288,590 $66M $227.72 -$5M +4,129 +1.4%
15 V 1.18% 182,740 $64M $350.71 $2M +708 +0.4%
16 QCOM 1.16% 366,879 $63M $171.05 $5M +19,787 +5.7%
17 ETN 1.13% 192,335 $61M $318.51 -$12M -2,217 -1.1%
18 XLK 0.99% 370,688 $53M $143.97 $1M +186,585 +101.3%
19 SPTI 0.96% 1,809,234 $52M $28.84 $594K +24,325 +1.4%
20 SHW 0.95% 158,342 $51M $324.03 -$5M -5,585 -3.4%
21 AMAT 0.92% 194,445 $50M $256.99 $9M -6,278 -3.1%
22 CB 0.90% 155,825 $49M $312.12 $9M +14,869 +10.6%
23 SPY 0.90% 71,255 $49M $681.92 -$194K -1,975 -2.7%
24 UBER 0.88% 582,289 $48M $81.71 -$3M +67,988 +13.2%
25 BLK 0.81% 40,838 $44M $1,070.34 -$4M -233 -0.6%
26 CME 0.79% 157,196 $43M $273.08 $852K +1,472 +0.9%
27 RTX 0.79% 233,889 $43M $183.40 $5M +4,755 +2.1%
28 ORLY 0.79% 467,140 $43M $91.21 -$14M -56,065 -10.7%
29 ABT 0.74% 318,798 $40M $125.29 -$1M +9,703 +3.1%
30 LNT 0.74% 613,708 $40M $65.01 -$2M -9,113 -1.5%
31 ULTA 0.71% 63,748 $39M $605.01 $4M -239 -0.4%
32 ZTS 0.71% 304,489 $38M $125.82 -$12M -36,043 -10.6%
33 LOW 0.71% 158,832 $38M $241.16 -$2M -1,010 -0.6%
34 SPIB 0.70% 1,123,142 $38M $33.81 $172K +7,735 +0.7%
35 IQLT 0.70% 834,200 $38M $45.45 $4M +72,725 +9.6%
36 RDDT 0.70% 164,910 $38M $229.87 $1M +6,413 +4.0%
37 ABBV 0.69% 163,620 $37M $228.49 $5M +24,426 +17.6%
38 HD 0.69% 108,306 $37M $344.10 $2M +21,545 +24.8%
39 NEE 0.68% 458,141 $37M $80.28 $5M +39,250 +9.4%
40 ECL 0.67% 138,626 $36M $262.52 -$4M -8,798 -6.0%
41 UNH 0.66% 107,880 $36M $330.11 -$859K +2,259 +2.1%
42 CRDO 0.64% 242,314 $35M $143.89 -$2M -11,153 -4.4%
43 AMGN 0.64% 106,311 $35M $327.31 $5M -949 -0.9%
44 NSC 0.63% 118,961 $34M $288.72 -$1M +200 +0.2%
45 JNJ 0.61% 160,092 $33M $206.95 $7M +19,577 +13.9%
46 SPLG 0.61% 412,877 $33M $80.22 $2M +14,903 +3.7%
47 VZ 0.61% 809,500 $33M $40.73 $2M +96,861 +13.6%
48 VGSH 0.59% 540,332 $32M $58.73 $10K +1,277 +0.2%
49 COST 0.58% 36,594 $32M $862.33 -$1M +1,126 +3.2%
50 TJX 0.58% 204,472 $31M $153.61 $579K -8,827 -4.1%
51 NOC 0.58% 55,010 $31M $570.21 $2M +7,507 +15.8%
52 DCI 0.58% 353,657 $31M $88.66 $2M -663 -0.2%
53 BAC 0.56% 549,983 $30M $55.00 $3M +20,049 +3.8%
54 CASY 0.52% 50,997 $28M $552.71 $1M +3,338 +7.0%
55 TMO 0.51% 47,467 $28M $579.45 $3M -2,178 -4.4%
56 PSA 0.51% 105,808 $27M $259.50 -$5M -6,961 -6.2%
57 NET 0.49% 134,784 $27M $197.15 -$6M -18,249 -11.9%
58 KRMN 0.47% 345,030 $25M $73.17 $7M +95,723 +38.4%
59 CART 0.46% 557,350 $25M $44.98 $5M +14,414 +2.6%
60 CVX 0.45% 161,130 $25M $152.41 $3M +19,121 +13.5%
61 WMT 0.45% 217,318 $24M $111.41 $3M +15,480 +7.7%
62 KNSL 0.45% 61,738 $24M $391.12 -$2M -167 -0.3%
63 MBB 0.44% 252,676 $24M $95.22 $322K +3,201 +1.3%
64 TEL 0.44% 104,980 $24M $227.51 -$1M -9,637 -8.4%
65 CSCO 0.43% 304,219 $23M $77.03 $5M +31,259 +11.4%
66 ANET 0.42% 174,701 $23M $131.03 -$2M +2,282 +1.3%
67 VIG 0.42% 104,022 $23M $219.78 -$635K -4,866 -4.5%
68 KMI 0.41% 812,442 $22M $27.49 $952K +57,147 +7.6%
69 VOO 0.41% 35,253 $22M $627.13 $1M +993 +2.9%
70 PAC 0.40% 82,478 $22M $263.63 $2M +441 +0.5%
71 ROK 0.40% 55,541 $22M $389.07 $866K -3,804 -6.4%
72 UNP 0.39% 91,406 $21M $231.32 -$1M -4,166 -4.4%
73 OTIS 0.39% 240,022 $21M $87.35 -$462K +5,654 +2.4%
74 SUB 0.39% 195,892 $21M $106.70 -$116K -944 -0.5%
75 AMT 0.38% 116,605 $20M $175.57 -$4M -12,061 -9.4%
76 IBTG 0.37% 877,139 $20M $22.88 $2M +83,990 +10.6%
77 PLTR 0.37% 112,445 $20M $177.75 -$2M -6,038 -5.1%
78 GEV 0.37% 30,408 $20M $653.57 $618K -907 -2.9%
79 CSX 0.36% 534,587 $19M $36.25 $121K -7,729 -1.4%
80 LECO 0.35% 79,958 $19M $239.64 $14M +59,619 +293.1%
81 SHOP 0.35% 116,662 $19M $160.97 $2M +559 +0.5%
82 SO 0.34% 211,962 $18M $87.20 -$1M +4,612 +2.2%
83 TW 0.34% 171,357 $18M $107.54 -$51K +4,852 +2.9%
84 GRAL 0.34% 213,050 $18M $85.59 $4M -32,265 -13.2%
85 VTEB 0.33% 359,160 $18M $50.29 -$48K -2,546 -0.7%
86 HII 0.32% 51,330 $17M $340.07 $3M +57 +0.1%
87 HOLX 0.32% 232,514 $17M $74.49 $2M +3,300 +1.4%
88 EMR 0.31% 127,410 $17M $132.72 $3M +19,067 +17.6%
89 XLF 0.31% 308,113 $17M $54.77 $205K -1,347 -0.4%
90 SCHP 0.31% 632,275 $17M $26.18 -$4K +17,806 +2.9%
91 MTD 0.30% 11,843 $17M $1,394.14 $2M +9 +0.1%
92 PM 0.30% 102,849 $16M $160.40 -$448K -1,621 -1.6%
93 KO 0.30% 229,530 $16M $69.91 $9M +123,261 +116.0%
94 XLI 0.29% 102,064 $16M $155.12 -$74K -1,071 -1.0%
95 MCD 0.28% 50,447 $15M $305.63 $852K +2,515 +5.2%
96 CTAS 0.28% 81,469 $15M $188.07 -$749K +3,173 +4.0%
97 VO 0.28% 52,361 $15M $290.22 -$18K +566 +1.1%
98 RELX 0.28% 375,344 $15M $40.42 -$2M +8,052 +2.2%
99 POST 0.28% 151,886 $15M $99.05 -$2M -6,815 -4.3%
100 LMT 0.28% 30,961 $15M $483.67 $179K +1,322 +4.5%

New Positions

SymbolValue% Port
UPST $10M 0.19%
ALAB $10M 0.19%
PFFD $7M 0.14%
CRCL $5M 0.10%
QXO $4M 0.08%
CVS $4M 0.07%
BSV $4M 0.07%
MUB $3M 0.06%
SDHY $3M 0.05%
SETM $2M 0.04%
ECPG $1M 0.03%
MINT $1M 0.02%
NUW $1M 0.02%
SCYB $646K 0.01%
VDE $563K 0.01%

Sold Out Positions

SymbolValue% Port
NOW —%
CMG —%
AIG —%
WTRG —%
SPG —%
HPQ —%
BRBR —%
GXO —%
UL —%
OXY —%
GNRC —%
CBU —%
SJM —%
DEO —%
DOCU —%
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