Institutional Manager · CIK 0001511506
Carnegie Investment Counsel
PEPPER PIKE, OH · File #028-14398
Latest AUM
$5.42B
Positions
564
Top-10 Concentration
43.2%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | SELECT SECTOR SPDR TR | 81369Y803 | +186,585 | +$26.9M | -$25.4M |
| ADD | LINCOLN ELEC HLDGS INC | 533900106 | +59,619 | +$14.3M | +$77,492 |
| EXITED | ISHARES TR | 46436E866 | -578,860 | -$13.5M | $0 |
| ADD | ISHARES TR | 46436E841 | +576,841 | +$13.0M | -$1,623 |
| REDUCE | BROADCOM INC | AVGO | -37,295 | -$12.9M | +$6.3M |
| REDUCE | SYNOPSYS INC | SNPS | -22,600 | -$10.6M | -$920,793 |
| NEW | UPSTART HLDGS INC | UPST | +238,163 | +$10.4M | $0 |
| REDUCE | ALPHABET INC | GOOG | -32,138 | -$10.1M | +$46.2M |
| NEW | ASTERA LABS INC | ALAB | +60,409 | +$10.0M | $0 |
| REDUCE | ACCENTURE PLC IRELAND | ACN | -34,165 | -$9.2M | +$1.3M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025564 pos · $5.42B
- 13F HOLDINGS REPORTQ/E Sep 2025551 pos · $5.31B
- 13F HOLDINGS REPORTQ/E Jun 2025541 pos · $4.98B
- 13F HOLDINGS REPORTQ/E Mar 2025482 pos · $4.21B
- 13F HOLDINGS REPORTQ/E Dec 2024456 pos · $3.48B
- 13F HOLDINGS REPORTQ/E Sep 2024463 pos · $3.40B
- 13F HOLDINGS REPORTQ/E Jun 2024466 pos · $3.21B
- 13F HOLDINGS REPORTQ/E Mar 2024495 pos · $3.21B
- 13F HOLDINGS REPORTQ/E Dec 2023483 pos · $2.60B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 417,149 | $201.7M | 6.37% |
| 2 | ALPHABET INC | GOOG | 628,482 | $196.7M | 6.21% |
| 3 | APPLE INC | AAPL | 685,642 | $186.4M | 5.88% |
| 4 | JPMORGAN CHASE & CO. | VYLD | 419,147 | $135.1M | 4.26% |
| 5 | NVIDIA CORPORATION | NVDA | 699,594 | $130.5M | 4.12% |
| 6 | BROADCOM INC | AVGO | 351,598 | $121.7M | 3.84% |
| 7 | AMAZON COM INC | AMZN | 485,357 | $112.0M | 3.54% |
| 8 | META PLATFORMS INC | META | 161,029 | $106.3M | 3.36% |
| 9 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 192,661 | $96.8M | 3.06% |
| 10 | MASTERCARD INCORPORATED | MA | 141,766 | $80.9M | 2.56% |
| 11 | SCHWAB CHARLES CORP | SCHW-PJ | 803,701 | $80.3M | 2.54% |
| 12 | STRYKER CORPORATION | SYK | 221,859 | $78.0M | 2.46% |
| 13 | ALPHABET INC | GOOG | 233,662 | $73.3M | 2.31% |
| 14 | PROGRESSIVE CORP | 743315103 | 288,590 | $65.7M | 2.07% |
| 15 | VISA INC | V | 182,740 | $64.1M | 2.02% |
| 16 | QUALCOMM INC | QCOM | 366,879 | $62.8M | 1.98% |
| 17 | EATON CORP PLC | ETN | 192,335 | $61.3M | 1.93% |
| 18 | SELECT SECTOR SPDR TR | 81369Y803 | 370,688 | $53.4M | 1.68% |
| 19 | SPDR SERIES TRUST | 78464A672 | 1,809,234 | $52.2M | 1.65% |
| 20 | SHERWIN WILLIAMS CO | SHW | 158,342 | $51.3M | 1.62% |