13F HOLDINGS REPORT
Kensington Investment Counsel, LLC
Quarter ended Q3 2025 · Filed November 20, 2025 · Accession 0001845536-25-000005
Total Value
$245.5M
Positions
104
Other Managers
0
Confidential Omitted
No
Holdings (104)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | APPLE INC COM | AAPL | 61,250 | $15.6M | 6.35% |
| 2 | MICROSOFT CORP COM | MSFT | 29,956 | $15.5M | 6.32% |
| 3 | WILLIAMS SONOMA INC COM | WSM | 44,952 | $8.8M | 3.58% |
| 4 | JPMORGAN CHASE & CO. COM | VYLD | 26,690 | $8.4M | 3.43% |
| 5 | ABBVIE INC COM | ABBV | 36,163 | $8.4M | 3.41% |
| 6 | WATSCO INC COM | WSO-B | 19,200 | $7.8M | 3.16% |
| 7 | SNAP ON INC COM | SNA | 21,331 | $7.4M | 3.01% |
| 8 | GENERAL DYNAMICS CORP COM | GD | 18,189 | $6.2M | 2.53% |
| 9 | REPUBLIC SVCS INC COM | 760759100 | 26,405 | $6.1M | 2.47% |
| 10 | HOME DEPOT INC COM | HD | 14,767 | $6.0M | 2.44% |
| 11 | MCCORMICK & CO INC COM NON VTG | MKC-V | 82,639 | $5.5M | 2.25% |
| 12 | NVIDIA CORPORATION COM | NVDA | 28,461 | $5.3M | 2.16% |
| 13 | PROCTER AND GAMBLE CO COM | 742718109 | 34,262 | $5.3M | 2.14% |
| 14 | PEPSICO INC COM | PEP | 35,796 | $5.0M | 2.05% |
| 15 | INVESCO QQQ TRUST SERIES I | IVZ | 8,190 | $4.9M | 2.00% |
| 16 | AMGEN INC COM | AMGN | 17,081 | $4.8M | 1.96% |
| 17 | BROADRIDGE FINL SOLUTIONS INC COM | 11133T103 | 20,091 | $4.8M | 1.95% |
| 18 | JOHNSON & JOHNSON COM | JNJ | 25,566 | $4.7M | 1.93% |
| 19 | QUALCOMM INC COM | QCOM | 26,321 | $4.4M | 1.78% |
| 20 | ALPHABET INC CAP STK CL A | GOOG | 17,632 | $4.3M | 1.75% |
| 21 | TEXAS INSTRS INC COM | 882508104 | 22,153 | $4.1M | 1.66% |
| 22 | ACCENTURE PLC IRELAND SHS CLASS A | ACN | 14,792 | $3.6M | 1.49% |
| 23 | CANADIAN NATL RY CO COM | 136375102 | 32,650 | $3.1M | 1.25% |
| 24 | MASTERCARD INCORPORATED CL A | MA | 5,404 | $3.1M | 1.25% |
| 25 | CROWDSTRIKE HLDGS INC CL A | CRWD | 6,151 | $3.0M | 1.23% |
| 26 | MERCK & CO INC COM | MRK | 35,799 | $3.0M | 1.22% |
| 27 | UNITEDHEALTH GROUP INC COM | UNH | 8,365 | $2.9M | 1.18% |
| 28 | UNION PAC CORP COM | UNP | 11,406 | $2.7M | 1.10% |
| 29 | ROPER TECHNOLOGIES INC COM | ROP | 5,270 | $2.6M | 1.07% |
| 30 | AVALONBAY CMNTYS INC COM | AWX | 13,494 | $2.6M | 1.06% |
| 31 | CHURCH & DWIGHT CO INC COM | CHD | 28,084 | $2.5M | 1.00% |
| 32 | AMETEK INC COM | AME | 12,944 | $2.4M | 0.99% |
| 33 | COPART INC COM | CPRT | 53,716 | $2.4M | 0.98% |
| 34 | MORNINGSTAR INC COM | MORN | 9,574 | $2.2M | 0.90% |
| 35 | DELL TECHNOLOGIES INC CL C | DELL | 14,730 | $2.1M | 0.85% |
| 36 | AMAZON COM INC COM | AMZN | 9,357 | $2.1M | 0.84% |
| 37 | MARKEL GROUP INC COM | MKL | 1,059 | $2.0M | 0.82% |
| 38 | ENERPAC TOOL GROUP CORP CL A COM | EPAC | 49,284 | $2.0M | 0.82% |
| 39 | ROLLINS INC COM | ROL | 33,596 | $2.0M | 0.80% |
| 40 | TRANSMEDICS GROUP INC COM | TMDX | 17,165 | $1.9M | 0.78% |
| 41 | BROADCOM INC COM | AVGO | 5,815 | $1.9M | 0.78% |
| 42 | RESMED INC COM | RSMDF | 6,713 | $1.8M | 0.75% |
| 43 | CSW INDUSTRIALS INC COM | CSW | 7,511 | $1.8M | 0.74% |
| 44 | SHERWIN WILLIAMS CO COM | SHW | 4,822 | $1.7M | 0.68% |
| 45 | FACTSET RESH SYS INC COM | 303075105 | 5,766 | $1.7M | 0.67% |
| 46 | DUOLINGO INC CL A COM | DUOL | 5,131 | $1.7M | 0.67% |
| 47 | THE TRADE DESK INC COM CL A | 88339J105 | 33,566 | $1.6M | 0.67% |
| 48 | HYATT HOTELS CORP COM CL A | H | 11,553 | $1.6M | 0.67% |
| 49 | ELI LILLY & CO COM | LLY | 2,011 | $1.5M | 0.62% |
| 50 | EXLSERVICE HOLDINGS INC COM | EXLS | 34,187 | $1.5M | 0.61% |
| 51 | MONSTER BEVERAGE CORP NEW COM | MNST | 22,120 | $1.5M | 0.61% |
| 52 | ZSCALER INC COM | ZS | 4,749 | $1.4M | 0.58% |
| 53 | CBIZ INC COM | CBZ | 26,671 | $1.4M | 0.58% |
| 54 | META PLATFORMS INC CL A | META | 1,836 | $1.3M | 0.55% |
| 55 | BERKSHIRE HATHAWAY INC DEL CL B NEW | BRK-A | 2,550 | $1.3M | 0.52% |
| 56 | ILLINOIS TOOL WKS INC COM | 452308109 | 4,783 | $1.2M | 0.51% |
| 57 | WATERS CORP COM | 941848103 | 4,109 | $1.2M | 0.50% |
| 58 | INTUIT COM | INTU | 1,768 | $1.2M | 0.49% |
| 59 | SS&C TECHNOLOGIES HLDGS INC COM | SSNC | 13,366 | $1.2M | 0.48% |
| 60 | NASDAQ INC COM | NDAQ | 13,350 | $1.2M | 0.48% |
| 61 | ROSS STORES INC COM | ROST | 7,632 | $1.2M | 0.47% |
| 62 | FIVE BELOW INC COM | FIVE | 7,416 | $1.1M | 0.47% |
| 63 | TYLER TECHNOLOGIES INC COM | TYL | 2,186 | $1.1M | 0.47% |
| 64 | NOVARTIS AG SPONSORED ADR | NVSEF | 8,747 | $1.1M | 0.46% |
| 65 | DICKS SPORTING GOODS INC COM | 253393102 | 4,868 | $1.1M | 0.44% |
| 66 | REPLIGEN CORP COM | RGEN | 8,092 | $1.1M | 0.44% |
| 67 | DANAHER CORPORATION COM | 235851102 | 5,117 | $1.0M | 0.41% |
| 68 | BLACKSTONE INC COM | BX | 5,753 | $982,900 | 0.40% |
| 69 | PALO ALTO NETWORKS INC COM | PANW | 4,565 | $929,525 | 0.38% |
| 70 | COSTCO WHSL CORP NEW COM | 22160K105 | 963 | $891,382 | 0.36% |
| 71 | ALPHABET INC CAP STK CL C | GOOG | 3,543 | $862,898 | 0.35% |
| 72 | BIO-TECHNE CORP COM | TECH | 14,602 | $812,309 | 0.33% |
| 73 | PAYPAL HLDGS INC COM | PYPL | 11,317 | $758,918 | 0.31% |
| 74 | ADOBE INC COM | ADBE | 1,904 | $671,636 | 0.27% |
| 75 | COOPER COS INC COM | 216648501 | 8,996 | $616,766 | 0.25% |
| 76 | EXXON MOBIL CORP COM | XOM | 5,441 | $613,473 | 0.25% |
| 77 | LITTELFUSE INC COM | LFUS | 2,346 | $607,637 | 0.25% |
| 78 | VERTEX PHARMACEUTICALS INC COM | VRTX | 1,526 | $597,643 | 0.24% |
| 79 | THERMO FISHER SCIENTIFIC INC COM | TMO | 1,219 | $591,239 | 0.24% |
| 80 | ADVANCED MICRO DEVICES INC COM | AMD | 3,567 | $577,105 | 0.24% |
| 81 | SPDR S&P 500 ETF TRUST | SPY | 747 | $497,804 | 0.20% |
| 82 | CISCO SYS INC COM | CSCO | 7,054 | $482,635 | 0.20% |
| 83 | NORTHROP GRUMMAN CORP COM | NOC | 783 | $477,098 | 0.19% |
| 84 | SALESFORCE INC COM | CRM | 1,917 | $454,329 | 0.19% |
| 85 | NIKE INC CL B | NKE | 5,209 | $363,224 | 0.15% |
| 86 | WEST PHARMACEUTICAL SVSC INC COM | 955306105 | 1,362 | $357,293 | 0.15% |
| 87 | ALTRIA GROUP INC COM | MO | 5,174 | $341,794 | 0.14% |
| 88 | APPLIED MATLS INC COM | 038222105 | 1,465 | $299,944 | 0.12% |
| 89 | AMPHENOL CORP NEW CL A | 032095101 | 2,400 | $297,000 | 0.12% |
| 90 | COGNIZANT TECHNOLOGY SOLUTIONS CL A | CTSH | 4,397 | $294,907 | 0.12% |
| 91 | CHEVRON CORP NEW COM | CVX | 1,809 | $280,920 | 0.11% |
| 92 | COINBASE GLOBAL INC COM CL A | COIN | 808 | $272,692 | 0.11% |
| 93 | BOEING CO COM | BA-PA | 1,255 | $270,867 | 0.11% |
| 94 | APPFOLIO INC COM CL A | APPF | 900 | $248,094 | 0.10% |
| 95 | BUCKLE INC COM | BKE | 4,173 | $244,788 | 0.10% |
| 96 | INTERNATIONAL BUSINESS MACHS COM | INTR | 825 | $232,782 | 0.09% |
| 97 | PALANTIR TECHNOLOGIES INC CL A | PLTR | 1,219 | $222,370 | 0.09% |
| 98 | TESLA INC COM | TSLA | 473 | $210,353 | 0.09% |
| 99 | SERVICENOW INC COM | NOW | 226 | $207,983 | 0.08% |
| 100 | MOVADO GROUP INC COM | MOVAA | 10,621 | $201,480 | 0.08% |
| 101 | GOLUB CAP BDC INC COM | 38173M102 | 11,966 | $163,815 | 0.07% |
| 102 | ARBOR REALTY TRUST INC COM | ABR-PF | 12,951 | $158,132 | 0.06% |
| 103 | BLUE OWL CAPITAL CORPORATION COM | OWL | 11,971 | $152,870 | 0.06% |
| 104 | OAKTREE SPECIALTY LENDING CORP COM | OCSL | 11,547 | $150,688 | 0.06% |