GAMBLE JONES INVESTMENT COUNSEL

CIK

1083340

Location

PASADENA, CA

Portfolio Value

Mid $1,113,705,202

Diversification

Diversified

Filing Date

Global Rank

#1,183 / 6,949 ▲ 14 · as of Dec 2022

Top Industry

Household & Personal Products 34.7%

3Y Alpha vs SPY

-8.6%

Period ended 3 years ago

Filed Feb 8, 2023 · 3y

12 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+40.9%

SPY

+77.0%

Annualised alpha

-8.9%

Max drawdown

−13.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

150 positions · as of Dec 31, 2022 · Δ vs Sep 30, 2022

Top Position

33.3%

+2.9 pts

Top 5

50.2%

+0.3 pts

Top 10

60.8%

−0.3 pts

HHI

1,245

Diversified+159

Portfolio Trend

12 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2022

Sector	% Portfolio	Value	Positions
Consumer Defensive	37.8%	$420,683,872	17
Technology	18.4%	$204,859,508	15
Healthcare	11.0%	$122,627,307	23
Financial Services	9.5%	$105,739,761	25
Industrials	6.5%	$71,961,941	26
Consumer Cyclical	5.8%	$64,117,999	13
Communication Services	4.5%	$49,674,169	8
Unclassified	2.8%	$31,113,137	6
Energy	2.7%	$29,783,002	4
Real Estate	0.8%	$8,480,512	4
Utilities	0.2%	$2,718,542	5
Basic Materials	0.2%	$1,945,452	4

Last Quarter's Activity

Export CSV

Dec 31, 2022 vs Sep 30, 2022

Added To

Positions the filer increased

16 positions

Ticker	Company	Δ Shares	Shares	Value
SCHW	Schwab Charles Corp	+70,101	91,227	$7,595,560
CPRT	Copart Inc	+5,700	11,400	$347,073
PGR	Progressive Corp/Oh/	+1,250	7,315	$948,828
T	At&T Inc.	+416	12,533	$230,732
JPM	Jpmorgan Chase & Co	+377	46,291	$6,207,623
SPY	Spdr S&P 500 ETF Trust	+292	9,645	$3,688,537
AMAT	Applied Materials Inc /De	+250	8,250	$803,385
UNP	Union Pacific Corp	+242	45,425	$9,406,154
FDX	Fedex Corp	+205	3,582	$499,921
TSLA	Tesla, Inc.	+100	4,285	$527,826
WFC	Wells Fargo & Company/Mn	+100	29,268	$1,208,475
FAST	Fastenal Co	+50	42,430	$1,003,893
MKL	Markel Group Inc.	+38	1,283	$1,690,339
TXN	Texas Instruments Inc	+18	184,893	$30,548,021
PSX	Phillips 66	+2	3,334	$347,002
DE	Deere & Co	+1	19,057	$8,170,879
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
VZ	Verizon Communications Inc	−147,157	96,846	$3,815,732
IAU	Ishares Gold Trust	−15,708	533,097	$18,439,825
WDAY	Workday, Inc.	−11,197	56,269	$9,415,491
VTRS	Viatris Inc	−8,837	12,570	$139,904
AAPL	Apple Inc.	−8,614	509,203	$66,160,745
AMZN	Amazon Com Inc	−8,403	289,085	$24,283,140
PFE	Pfizer Inc	−5,225	239,082	$12,250,561
KKR	KKR & Co. Inc.	−4,920	223,560	$10,377,655
PEP	Pepsico Inc	−4,862	88,797	$16,042,066
DD	DuPont de Nemours, Inc.	−4,346	5,245	$451,837
CSCO	Cisco Systems, Inc.	−4,306	305,686	$14,562,881
GOOGL	Alphabet Inc.	−3,821	337,708	$29,795,976
MSFT	Microsoft Corp	−3,697	256,396	$61,488,888
INTC	Intel Corp	−2,456	104,690	$2,766,956
AMGN	Amgen Inc	−2,241	37,776	$9,921,488
NVS	Novartis AG	−2,062	143,327	$13,002,625
BRK-B	Berkshire Hathaway Inc	−1,900	90,584	$27,981,397
DIS	Walt Disney Co	−1,893	118,353	$10,282,508
ROKU	Roku, Inc	−1,886	28,275	$1,150,792
SPOT	Spotify Technology S.A.	−1,738	24,692	$1,949,433
NEE	Nextera Energy Inc	−1,609	9,826	$821,453
META	Meta Platforms, Inc.	−1,515	18,521	$2,228,817
PYPL	PayPal Holdings, Inc.	−1,494	34,508	$2,457,659
LOW	Lowes Companies Inc	−1,450	14,276	$2,844,350
ETSY	Etsy Inc	−1,343	46,668	$5,589,893
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
CB	Chubb Ltd	1,006	$221,923
MSGS	Madison Square Garden Sports Corp.	1,201	$220,179
No positions match the current search.

Sold Out

Positions the filer fully exited

14 positions

Ticker	Company	Shares	Value
CTVA	Corteva, Inc.	6,951	$397,249
NTAP	NetApp, Inc.	3,000	$185,550
COF	Capital One Financial Corp	2,000	$184,340
TSM	Taiwan Semiconductor Manufacturing Co Ltd	2,600	$178,256
CARR	CARRIER GLOBAL Corp	4,307	$153,156
USB	US Bancorp De	3,691	$148,821
OTIS	Otis Worldwide Corp	2,153	$137,361
CAG	Conagra Brands Inc.	3,995	$130,356
IR	Ingersoll Rand Inc.	2,669	$115,460
HE	Hawaiian Electric Industries Inc	3,073	$106,510
ATI	Ati Inc	3,175	$84,486
SPHR	Sphere Entertainment Co.	4,096	$83,414
FTS	Fortis Inc.	2,030	$77,119
PALL	abrdn Palladium ETF Trust	1,110	$44,595
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

150 positions · $1,113,705,202 total · as of Dec 31, 2022

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 150 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	2,448,284	-1,223	$371,061,923	+20.0%	33.32%
AAPL	Apple Inc. Technology	Reduced	509,203	-8,614	$66,160,745	−7.5%	5.94%
MSFT	Microsoft Corp Technology	Reduced	256,396	-3,697	$61,488,888	+1.5%	5.52%
TXN	Texas Instruments Inc Technology	Added	184,893	+18	$30,548,021	+6.8%	2.74%
GOOGL	Alphabet Inc. Communication Services	Reduced	337,708	-3,821	$29,795,976	−8.8%	2.68%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	90,584	-1,900	$27,981,397	+13.3%	2.51%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	289,085	-8,403	$24,283,140	−27.8%	2.18%
ABT	Abbott Laboratories Healthcare	Reduced	218,626	-1,059	$24,002,948	+12.9%	2.16%
JNJ	Johnson & Johnson Healthcare	Reduced	134,934	-1,034	$23,836,091	+7.3%	2.14%
IAU	Ishares Gold Trust	Reduced	533,097	-15,708	$18,439,825	+6.6%	1.66%
CVX	Chevron Corp Energy	Reduced	102,693	-180	$18,432,366	+24.7%	1.66%
V	Visa Inc. Financial Services	Reduced	82,350	-25	$17,109,036	+16.9%	1.54%
MA	Mastercard Inc Financial Services	Reduced	47,145	-598	$16,393,730	+20.8%	1.47%
PEP	Pepsico Inc Consumer Defensive	Reduced	88,797	-4,862	$16,042,066	+4.9%	1.44%
ABBV	AbbVie Inc. Healthcare	Reduced	96,205	-145	$15,547,690	+20.2%	1.40%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	57,494	-64	$15,151,393	+14.1%	1.36%
CSCO	Cisco Systems, Inc. Technology	Reduced	305,686	-4,306	$14,562,881	+17.4%	1.31%
RTX	RTX Corp Industrials	Reduced	134,105	-260	$13,533,876	+23.0%	1.22%
NVS	Novartis AG Healthcare	Reduced	143,327	-2,062	$13,002,625	+17.7%	1.17%
PFE	Pfizer Inc Healthcare	Reduced	239,082	-5,225	$12,250,561	+14.6%	1.10%
KKR	KKR & Co. Inc. Financial Services	Reduced	223,560	-4,920	$10,377,655	+5.6%	0.93%
DIS	Walt Disney Co Communication Services	Reduced	118,353	-1,893	$10,282,508	−9.3%	0.92%
XOM	ExxonMobil Holdings Corp Energy	Reduced	90,720	-140	$10,006,416	+26.1%	0.90%
AMGN	Amgen Inc Healthcare	Reduced	37,776	-2,241	$9,921,488	+10.0%	0.89%
WDAY	Workday, Inc. Technology	Reduced	56,269	-11,197	$9,415,491	−8.3%	0.85%
UNP	Union Pacific Corp Industrials	Added	45,425	+242	$9,406,154	+6.9%	0.84%
ADSK	Autodesk, Inc. Technology	Reduced	47,390	-1,248	$8,855,769	−2.5%	0.80%
DE	Deere & Co Industrials	Added	19,057	+1	$8,170,879	+28.4%	0.73%
SCHW	Schwab Charles Corp Financial Services	Added	91,227	+70,101	$7,595,560	+400.3%	0.68%
AMT	American Tower Corp /Ma/ Real Estate	Reduced	32,874	-1,267	$6,964,685	−5.0%	0.63%
CMI	Cummins Inc Industrials	Reduced	27,465	-250	$6,654,494	+18.0%	0.60%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	14,313	-13	$6,533,884	−3.4%	0.59%
MMM	3M Co Industrials	Reduced	64,392	-1,180	$6,456,431	+6.6%	0.58%
JPM	Jpmorgan Chase & Co Financial Services	Added	46,291	+377	$6,207,623	+29.4%	0.56%
MCO	Moodys Corp /De/ Financial Services	Reduced	21,492	-914	$5,988,101	+9.9%	0.54%
DEO	Diageo PLC Consumer Defensive	Reduced	31,423	-310	$5,599,264	+3.9%	0.50%
ETSY	Etsy Inc Consumer Cyclical	Reduced	46,668	-1,343	$5,589,893	+16.3%	0.50%
UNH	Unitedhealth Group Inc Healthcare	Reduced	10,009	-800	$5,306,571	−2.8%	0.48%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	16,196	-500	$5,115,668	+11.0%	0.46%
BMY	Bristol Myers Squibb Co Healthcare	Reduced	68,103	-25	$4,900,010	+1.2%	0.44%
HON	Honeywell International Inc Industrials	Held	23,073	0	$4,887,537	+28.3%	0.44%
NSC	Norfolk Southern Corp Industrials	Reduced	19,193	-500	$4,729,539	+14.6%	0.42%
EMR	Emerson Electric Co Industrials	Reduced	47,271	-50	$4,540,852	+31.1%	0.41%
QQQ	Invesco Qqq Trust, Series 1	Reduced	16,628	-817	$4,427,703	−5.0%	0.40%
LLY	ELI LILLY & Co Healthcare	Reduced	12,050	-160	$4,408,372	+11.7%	0.40%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	33,141	-623	$3,877,828	+38.2%	0.35%
SJM	J M SMUCKER Co Consumer Defensive	Held	24,462	0	$3,876,248	+15.3%	0.35%
VZ	Verizon Communications Inc Communication Services	Reduced	96,846	-147,157	$3,815,732	−58.8%	0.34%
SPY	Spdr S&P 500 ETF Trust	Added	9,645	+292	$3,688,537	+10.4%	0.33%
EPAM	EPAM Systems, Inc. Technology	Reduced	11,001	-309	$3,605,467	−12.0%	0.32%