Carnegie Investment Counsel

CIK

1511506

Location

PEPPER PIKE, OH

Portfolio Value

Mid $4,214,238,632

Diversification

Diversified

Filing Date

Global Rank

#758 / 8,607 ▼ 8 · as of Mar 2026

Top Industry

Semiconductors 7.6%

3Y Alpha vs SPY

-3.7%

Period ended 3 months ago

Filed May 1, 2026 · 2mo

25 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

+59.2%

SPY

+75.5%

Annualised alpha

-3.9%

Max drawdown

−17.8%

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

381 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

4.1%

−0.4 pts

Top 5

17.5%

−1.6 pts

Top 10

29.0%

−1.8 pts

HHI

141

Diversified−10

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	23.1%	$971,629,093	64
Financial Services	19.7%	$828,956,864	68
Industrials	13.8%	$581,756,826	60
Consumer Cyclical	10.1%	$425,624,114	32
Healthcare	9.7%	$408,818,932	40
Communication Services	8.5%	$357,776,392	13
Consumer Defensive	3.8%	$161,562,298	23
Utilities	3.3%	$138,389,608	20
Energy	2.4%	$102,017,451	24
Basic Materials	2.3%	$97,705,848	12
Real Estate	1.8%	$74,263,636	15
Unclassified	1.6%	$65,737,570	10

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
HOOD	Robinhood Markets, Inc.	+121,325	123,225	$8,539,492
PYPL	PayPal Holdings, Inc.	+113,802	174,899	$7,910,681
QXO	QXO, Inc.	+86,265	309,644	$6,013,286
BAC	Bank Of America Corp /De/	+75,947	625,930	$30,514,087
Q	Qnity Electronics, Inc.	+58,387	61,777	$7,127,830
COIN	Coinbase Global, Inc.	+53,652	62,365	$10,889,552
HD	Home Depot, Inc.	+45,959	154,265	$50,736,215
NU	Nu Holdings Ltd.	+42,494	648,477	$9,318,614
SCHW	Schwab Charles Corp	+40,276	843,977	$79,316,958
TSCO	Tractor Supply Co /De/	+32,583	263,179	$11,922,008
HBAN	Huntington Bancshares Inc /Md/	+32,442	580,541	$9,085,466
VZ	Verizon Communications Inc	+30,698	840,198	$42,177,939
ZTS	Zoetis Inc.	+29,297	333,786	$39,456,843
ORLY	O Reilly Automotive Inc	+25,758	492,898	$45,499,414
LNT	Alliant Energy Corp	+24,615	638,323	$45,806,058
SRE	Sempra	+22,408	167,391	$16,265,383
SYK	Stryker Corp	+21,122	242,981	$79,841,126
ABT	Abbott Laboratories	+20,846	339,644	$34,871,249
SHOP	Shopify Inc.	+19,162	135,824	$16,111,442
BTC	Grayscale Bitcoin Mini Trust ETF	+19,120	33,340	$999,866
ABBV	AbbVie Inc.	+18,381	182,001	$39,583,397
RDDT	Reddit, Inc.	+17,287	182,197	$24,532,826
WING	Wingstop Inc.	+16,764	68,489	$10,613,740
CRWD	CrowdStrike Holdings, Inc.	+16,734	40,684	$3,970,860
ALAB	Astera Labs, Inc.	+15,710	76,119	$8,342,642
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
RELX	Relx PLC	−346,620	28,724	$952,200
HOLX	HOLOGIC INC	−223,038	9,476	$716,290
IONQ	IonQ, Inc.	−131,994	166,965	$4,813,600
ARHS	Arhaus, Inc.	−100,490	40,000	$271,200
CRDO	Credo Technology Group Holding Ltd	−92,592	149,722	$14,054,404
SDHY	PGIM Short Duration High Yield Opportunities Fund	−80,683	90,767	$1,454,087
NVO	Novo Nordisk A S	−67,020	178,029	$6,542,565
NUW	Nuveen AMT-Free Municipal Value Fund	−58,013	23,126	$331,395
NVDA	Nvidia Corp	−46,915	652,679	$113,827,217
ARCC	Ares Capital Corp	−43,812	365,723	$6,590,328
JNJ	Johnson & Johnson	−34,449	125,643	$30,712,174
KEY	Keycorp /New/	−33,827	45,315	$908,565
AMT	American Tower Corp /Ma/	−29,349	87,256	$15,058,640
AMAT	Applied Materials Inc /De	−28,792	165,653	$56,618,538
GOOGL	Alphabet Inc.	−26,224	602,258	$173,185,310
DKNG	DraftKings Inc.	−22,700	11,400	$246,468
IOT	Samsara Inc.	−22,000	50,980	$1,615,556
AAPL	Apple Inc.	−21,257	664,385	$168,614,269
ANET	Arista Networks, Inc.	−21,088	153,613	$18,860,604
RTX	RTX Corp	−17,640	216,249	$41,714,432
MRSH	Marsh & Mclennan Companies, Inc.	−17,092	46,917	$8,137,753
SPY	Spdr S&P 500 ETF Trust	−16,851	54,404	$35,381,097
EPD	Enterprise Products Partners L.P.	−15,630	27,751	$1,050,097
ZBRA	Zebra Technologies Corp	−14,965	19,484	$4,073,714
TJX	Tjx Companies Inc /De/	−14,851	189,621	$30,282,473
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
DECK	Deckers Outdoor Corp	323,249	$32,353,992
SOLS	Solstice Advanced Materials Inc.	34,504	$2,627,824
BRO	Brown & Brown, Inc.	30,440	$1,984,992
AZN	Astrazeneca PLC	6,895	$1,359,831
TEAM	Atlassian Corp	18,820	$1,284,465
BOOT	Boot Barn Holdings, Inc.	5,108	$747,606
MAIN	Main Street Capital CORP	10,851	$574,668
COLB	Columbia Banking System, Inc.	15,800	$433,394
SNDK	Sandisk Corp	583	$370,403
NOW	ServiceNow, Inc.	3,501	$366,029
CCJ	Cameco Corp	2,907	$315,729
KDP	Keurig Dr Pepper Inc.	10,477	$275,859
PCAR	Paccar Inc	2,100	$242,550
CPB	CAMPBELL'S Co	10,777	$240,003
XEL	Xcel Energy Inc	2,859	$227,118
IBKR	Interactive Brokers Group, Inc.	3,297	$221,129
CNS	Cohen & Steers, Inc.	3,500	$218,925
WMB	Williams Companies, Inc.	2,991	$217,684
CBRE	Cbre Group, Inc.	1,600	$216,736
ARW	Arrow Electronics, Inc.	1,481	$212,390
SPG	Simon Property Group Inc.	1,128	$210,405
EXC	Exelon Corp	4,216	$206,668
HSY	Hershey Co	987	$205,187
BNY	Bank of New York Mellon Corp	1,702	$201,908
ENB	Enbridge Inc	3,715	$201,130
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
CART	Maplebear Inc.	557,350	$25,069,603
SOUN	Soundhound Ai, Inc.	1,311,710	$13,077,748
UPST	Upstart Holdings, Inc.	238,163	$10,414,867
HIMS	Hims & Hers Health, Inc.	93,334	$3,030,554
POOL	Pool Corp	4,083	$933,986
DD	DuPont de Nemours, Inc.	6,387	$770,272
PINS	Pinterest, Inc.	20,491	$530,511
WCN	Waste Connections, Inc.	2,527	$443,134
LW	Lamb Weston Holdings, Inc.	10,356	$433,812
FUBO	FuboTV Inc.	13,950	$421,848
TOST	Toast, Inc.	10,200	$362,202
FOUR	Shift4 Payments, Inc.	5,150	$324,295
MZTI	Marzetti Co	1,955	$321,441
CTVA	Corteva, Inc.	4,334	$290,508
CDW	CDW Corp	2,104	$286,564
TKR	Timken Co	2,997	$252,137
FFBC	First Financial Bancorp /Oh/	9,826	$245,846
PRU	Prudential Financial Inc	2,079	$234,677
PEG	Public Service Enterprise Group Inc	2,889	$231,986
STWD	Starwood Property Trust, Inc.	12,475	$224,674
SAP	Sap SE	917	$222,748
NKSH	National Bankshares Inc	6,555	$219,789
LQDT	Liquidity Services Inc	6,873	$208,320
DG	Dollar General Corp	1,555	$206,457
ARES	Ares Management Corp	1,269	$205,108
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

381 positions · $4,214,238,632 total · as of Mar 31, 2026

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

Showing 1–50 of 381 positions by value · page 1 of 8

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GOOGL	Alphabet Inc. Communication Services	Reduced	602,258	-26,224	$173,185,310	−12.0%	4.11%
AAPL	Apple Inc. Technology	Reduced	664,385	-21,257	$168,614,269	−9.5%	4.00%
MSFT	Microsoft Corp Technology	Added	428,997	+11,848	$158,801,819	−21.3%	3.77%
JPM	Jpmorgan Chase & Co Financial Services	Added	420,798	+1,651	$123,781,939	−8.3%	2.94%
NVDA	Nvidia Corp Technology	Reduced	652,679	-46,915	$113,827,217	−12.8%	2.70%
AVGO	Broadcom Inc. Technology	Added	363,459	+11,861	$112,494,195	−7.6%	2.67%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	484,699	-658	$100,948,260	−9.9%	2.40%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	198,153	+5,492	$94,954,917	−1.9%	2.25%
META	Meta Platforms, Inc. Communication Services	Added	163,666	+2,637	$93,638,228	−11.9%	2.22%
SYK	Stryker Corp Healthcare	Added	242,981	+21,122	$79,841,126	+2.4%	1.89%
SCHW	Schwab Charles Corp Financial Services	Added	843,977	+40,276	$79,316,958	−1.2%	1.88%
MA	Mastercard Inc Financial Services	Added	143,477	+1,711	$71,689,717	−11.4%	1.70%
ETN	Eaton Corp plc Industrials	Reduced	192,112	-223	$68,712,699	+12.2%	1.63%
AMAT	Applied Materials Inc /De Technology	Reduced	165,653	-28,792	$56,618,538	+13.3%	1.34%
PGR	Progressive Corp/Oh/ Financial Services	Reduced	285,104	-3,486	$56,519,016	−14.0%	1.34%
V	Visa Inc. Financial Services	Added	183,717	+977	$55,526,626	−13.4%	1.32%
CB	Chubb Ltd Financial Services	Added	160,792	+4,967	$52,406,936	+7.8%	1.24%
HD	Home Depot, Inc. Consumer Cyclical	Added	154,265	+45,959	$50,736,215	+36.1%	1.20%
SHW	Sherwin Williams Co Basic Materials	Reduced	153,010	-5,332	$49,047,355	−4.4%	1.16%
CME	Cme Group Inc. Financial Services	Added	162,478	+5,282	$47,987,877	+11.8%	1.14%
QCOM	Qualcomm Inc/De Technology	Added	369,203	+2,324	$47,545,962	−24.2%	1.13%
LNT	Alliant Energy Corp Utilities	Added	638,323	+24,615	$45,806,058	+14.8%	1.09%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Added	492,898	+25,758	$45,499,414	+6.8%	1.08%
UBER	Uber Technologies, Inc Technology	Added	587,273	+4,984	$42,242,546	−11.2%	1.00%
VZ	Verizon Communications Inc Communication Services	Added	840,198	+30,698	$42,177,939	+27.9%	1.00%
NEE	Nextera Energy Inc Utilities	Reduced	450,895	-7,246	$41,879,127	+13.9%	0.99%
RTX	RTX Corp Industrials	Reduced	216,249	-17,640	$41,714,432	−2.8%	0.99%
BLK	BlackRock, Inc. Financial Services	Added	43,230	+2,392	$41,574,723	−4.9%	0.99%
ABBV	AbbVie Inc. Healthcare	Added	182,001	+18,381	$39,583,397	+5.9%	0.94%
ZTS	Zoetis Inc. Healthcare	Added	333,786	+29,297	$39,456,843	+3.0%	0.94%
AMGN	Amgen Inc Healthcare	Added	107,264	+953	$37,740,838	+8.5%	0.90%
CASY	Caseys General Stores Inc Consumer Cyclical	Reduced	50,632	-365	$36,853,007	+30.7%	0.87%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	153,613	-5,219	$36,295,679	−5.2%	0.86%
NSC	Norfolk Southern Corp Industrials	Added	125,768	+6,807	$36,095,416	+5.1%	0.86%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	35,842	-752	$35,714,044	+13.2%	0.85%
ECL	Ecolab Inc. Basic Materials	Reduced	133,778	-4,848	$35,587,623	−2.2%	0.84%
SPY	Spdr S&P 500 ETF Trust	Reduced	54,404	-16,851	$35,381,097	−27.2%	0.84%
ABT	Abbott Laboratories Healthcare	Added	339,644	+20,846	$34,871,249	−12.7%	0.83%
NOC	Northrop Grumman Corp /De/ Industrials	Reduced	50,765	-4,245	$34,633,913	+10.4%	0.82%
CVX	Chevron Corp Energy	Reduced	158,625	-2,505	$32,819,512	+33.6%	0.78%
DECK	Deckers Outdoor Corp Consumer Cyclical	NEW	323,249	NEW	$32,353,992	NEW	0.77%
ULTA	Ulta Beauty, Inc. Consumer Cyclical	Reduced	60,572	-3,176	$31,661,590	−17.9%	0.75%
DCI	DONALDSON Co INC Industrials	Added	363,710	+10,053	$30,868,067	−1.6%	0.73%
JNJ	Johnson & Johnson Healthcare	Reduced	125,643	-34,449	$30,712,174	−7.3%	0.73%
BAC	Bank Of America Corp /De/ Financial Services	Added	625,930	+75,947	$30,514,087	+0.9%	0.72%
PSA	Public Storage Real Estate	Added	111,899	+6,091	$30,311,201	+10.4%	0.72%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	189,621	-14,851	$30,282,473	−3.6%	0.72%
UNH	Unitedhealth Group Inc Healthcare	Reduced	104,832	-3,048	$28,366,490	−20.3%	0.67%
NET	Cloudflare, Inc. Technology	Reduced	132,907	-1,877	$27,424,030	+3.2%	0.65%
KMI	Kinder Morgan, Inc. Energy	Added	814,103	+1,661	$27,296,873	+22.2%	0.65%