BEDEL FINANCIAL CONSULTING INC

CIK

850553

Location

INDIANAPOLIS, IN

Portfolio Value

Small $290,766,336

Diversification

Highly concentrated

Filing Date

Sep 30, 2023

Global Rank

#2,661 / 6,895

Top Industry

Drug Manufacturers - General 64.3%

3Y Alpha vs SPY

+1.5%

Period ended 2 years ago

Filed Nov 1, 2023 · 2y

Clone Performance

Nov 2023–Jun 2026 · vs SPY

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

Cloned portfolio

+76.0%

SPY

+70.5%

Annualised alpha

+1.5%

Max drawdown

−19.7%

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

131 positions · as of Sep 30, 2023

Top Position

60.1%

of portfolio value

Top 5

73.5%

of portfolio value

Top 10

78.5%

of portfolio value

HHI

3,678

Highly concentrated

Sector Breakdown

As of Sep 30, 2023

Sector	% Portfolio	Value	Positions
Healthcare	64.3%	$187,016,361	20
Technology	12.3%	$35,839,112	16
Financial Services	5.8%	$16,795,891	18
Consumer Defensive	3.3%	$9,580,570	14
Consumer Cyclical	3.2%	$9,272,780	12
Industrials	3.0%	$8,600,311	18
Unclassified	2.6%	$7,535,933	3
Communication Services	2.0%	$5,739,893	7
Energy	1.8%	$5,196,423	5
Utilities	0.9%	$2,592,512	8
Real Estate	0.5%	$1,347,151	3
Basic Materials	0.4%	$1,249,399	7

Portfolio Positions

Compact Export CSV View 13F filing

131 positions · $290,766,336 total · as of Sep 30, 2023

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

Showing 1–50 of 131 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
LLY	ELI LILLY & Co Healthcare	First	325,541	—	$174,857,837	—	60.14%
AAPL	Apple Inc. Technology	First	82,919	—	$14,196,561	—	4.88%
MSFT	Microsoft Corp Technology	First	36,113	—	$11,402,679	—	3.92%
SPY	Spdr S&P 500 ETF Trust	First	15,607	—	$6,671,680	—	2.29%
BRK-B	Berkshire Hathaway Inc Financial Services	First	18,741	—	$6,564,972	—	2.26%
JPM	Jpmorgan Chase & Co Financial Services	First	32,088	—	$4,653,401	—	1.60%
XOM	Exxon Mobil Corp Energy	First	24,391	—	$2,867,893	—	0.99%
GOOGL	Alphabet Inc. Communication Services	First	18,935	—	$2,477,834	—	0.85%
JNJ	Johnson & Johnson Healthcare	First	14,946	—	$2,327,839	—	0.80%
PEP	Pepsico Inc Consumer Defensive	First	12,790	—	$2,167,137	—	0.75%
ABBV	AbbVie Inc. Healthcare	First	12,629	—	$1,882,478	—	0.65%
PG	PROCTER & GAMBLE Co Consumer Defensive	First	12,545	—	$1,829,813	—	0.63%
CSCO	Cisco Systems, Inc. Technology	First	32,208	—	$1,731,502	—	0.60%
CMI	Cummins Inc Industrials	First	7,157	—	$1,635,088	—	0.56%
AMZN	Amazon Com Inc Consumer Cyclical	First	12,758	—	$1,621,796	—	0.56%
HD	Home Depot, Inc. Consumer Cyclical	First	5,260	—	$1,589,361	—	0.55%
ORCL	Oracle Corp Technology	First	14,478	—	$1,533,509	—	0.53%
DIS	Walt Disney Co Communication Services	First	17,666	—	$1,431,829	—	0.49%
KO	Coca Cola Co Consumer Defensive	First	24,672	—	$1,381,138	—	0.47%
CVX	Chevron Corp Energy	First	8,136	—	$1,371,892	—	0.47%
MCD	Mcdonalds Corp Consumer Cyclical	First	5,198	—	$1,369,361	—	0.47%
AMAT	Applied Materials Inc /De Technology	First	9,646	—	$1,335,488	—	0.46%
ADP	Automatic Data Processing Inc Technology	First	5,212	—	$1,253,902	—	0.43%
INTC	Intel Corp Technology	First	33,712	—	$1,198,461	—	0.41%
HON	Honeywell International Inc Industrials	First	6,755	—	$1,176,172	—	0.40%
LOW	Lowes Companies Inc Consumer Cyclical	First	5,335	—	$1,108,826	—	0.38%
ISRG	Intuitive Surgical Inc Healthcare	First	3,481	—	$1,017,461	—	0.35%
TSLA	Tesla, Inc. Consumer Cyclical	First	3,965	—	$992,122	—	0.34%
PFE	Pfizer Inc Healthcare	First	29,475	—	$977,685	—	0.34%
ITW	Illinois Tool Works Inc Industrials	First	4,172	—	$960,853	—	0.33%
SPG	Simon Property Group Inc. Real Estate	First	8,036	—	$868,129	—	0.30%
DHR	Danaher Corp /De/ Healthcare	First	3,938	—	$866,150	—	0.30%
META	Meta Platforms, Inc. Communication Services	First	2,860	—	$858,600	—	0.30%
ADBE	Adobe Inc. Technology	First	1,412	—	$719,978	—	0.25%
AXP	American Express Co Financial Services	First	4,775	—	$712,382	—	0.25%
BSX	Boston Scientific Corp Healthcare	First	13,053	—	$689,198	—	0.24%
HBAN	Huntington Bancshares Inc /Md/ Financial Services	First	65,787	—	$684,184	—	0.24%
NKE	NIKE, Inc. Consumer Cyclical	First	7,134	—	$682,153	—	0.23%
KMB	Kimberly Clark Corp Consumer Defensive	First	5,554	—	$671,200	—	0.23%
NEE	Nextera Energy Inc Utilities	First	11,416	—	$654,022	—	0.22%
EXLS	ExlService Holdings, Inc. Technology	First	22,660	—	$635,386	—	0.22%
MRK	Merck & Co., Inc. Healthcare	First	6,159	—	$634,069	—	0.22%
V	Visa Inc. Financial Services	First	2,549	—	$586,295	—	0.20%
COST	Costco Wholesale Corp /New Consumer Defensive	First	1,037	—	$585,863	—	0.20%
SBUX	Starbucks Corp Consumer Cyclical	First	6,291	—	$574,179	—	0.20%
GLD	Spdr Gold Trust	First	3,291	—	$564,241	—	0.19%
CSX	Csx Corp Industrials	First	17,730	—	$545,197	—	0.19%
FFBC	First Financial Bancorp /Oh/ Financial Services	First	27,412	—	$537,275	—	0.18%
ELV	Elevance Health, Inc. Healthcare	First	1,227	—	$534,260	—	0.18%
CAT	Caterpillar Inc Industrials	First	1,887	—	$515,151	—	0.18%