Institutional Manager · CIK 0002022076

Councilmark Asset Management, LLC

KNOXVILLE, TN · File #028-24117

Latest AUM

$178.8M

Positions

Top-10 Concentration

59.5%

Filings

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	Vanguard Dividend Appreciation	921908844	+19,346	+$4.3M	+$234,176
EXITED	The Interpublic Group of Cos.,	460690100	-29,066	-$811,232	$0
NEW	Omnicom Group Inc.	OMC	+9,891	+$798,698	$0
NEW	Ashtead Group plc	045055209	+9,820	+$694,667	$0
EXITED	Ashtead Group plc	045055100	-2,480	-$665,880	$0
NEW	Invesco QQQ Trust	IVZ	+850	+$522,163	$0
EXITED	Invesco QQQ Trust	46090e103	-850	-$510,314	$0
ADD	Select Sector SPDR - Technolog	81369y803	+3,470	+$499,576	-$478,478
REDUCE	Microsoft Corp.	MSFT	-841	-$406,724	-$935,871
ADD	Select Sector SPDR - Consumer	81369y407	+2,700	+$322,407	-$324,621

Sector Allocation

Technology

21.1%$37.8M

Healthcare

10.7%$19.1M

Consumer Staples

5.3%$9.5M

Consumer Discretionary

4.8%$8.6M

Energy

3.3%$5.8M

Communication Services

2.0%$3.6M

1.7%$3.0M

0.7%$1.2M

0.3%$478,537

0.1%$274,176

Filing History

Feb 9, 202613F HOLDINGS REPORTQ/E Dec 202583 pos · $178.8M
Nov 5, 202513F HOLDINGS REPORTQ/E Sep 202586 pos · $174.4M
Aug 12, 202513F HOLDINGS REPORTQ/E Jun 202586 pos · $157.9M
May 7, 202513F HOLDINGS REPORTQ/E Mar 202587 pos · $148.2M
Feb 11, 202513F HOLDINGS REPORTQ/E Dec 202480 pos · $148.9M
Nov 14, 202413F HOLDINGS REPORTQ/E Sep 202483 pos · $148.9M
Aug 1, 202413F HOLDINGS REPORTQ/E Jun 202480 pos · $141.1M
May 10, 202413F HOLDINGS REPORTQ/E Mar 202485 pos · $138.8M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	Apple Inc.	AAPL	65,876	$17.9M	10.77%
2	Vanguard Dividend Appreciation	921908844	78,040	$17.2M	10.31%
3	Microsoft Corp.	MSFT	26,420	$12.8M	7.68%
4	Alphabet, Inc. - Cl A	GOOG	30,707	$9.6M	5.78%
5	Berkshire Hathaway, Inc. - Cla	BRK-A	18,069	$9.1M	5.46%
6	McKesson Corp.	MCK	9,345	$7.7M	4.61%
7	Alphabet, Inc. - Cl C	GOOG	23,204	$7.3M	4.38%
8	Walmart Inc.	WMT	59,607	$6.6M	3.99%
9	Home Depot, Inc.	HD	16,382	$5.6M	3.39%
10	Oracle Corp.	ORCL-PD	26,892	$5.2M	3.15%
11	Vanguard Total Stock Market ET	922908769	14,559	$4.9M	2.94%
12	SPDR S&P 500 ETF Trust	SPY	6,245	$4.3M	2.56%
13	Cisco Systems, Inc.	CSCO	43,315	$3.3M	2.01%
14	Philip Morris Int'l Inc.	718172109	20,438	$3.3M	1.97%
15	Amgen, Inc.	AMGN	9,973	$3.3M	1.96%
16	BNY Mellon Corp.	064058100	25,689	$3.0M	1.79%
17	Johnson & Johnson	JNJ	14,084	$2.9M	1.75%
18	AbbVie Inc.	ABBV	11,117	$2.5M	1.53%
19	Accenture PLC - Cl A	ACN	8,387	$2.3M	1.35%
20	Cameco Corp.	CCJ	24,585	$2.2M	1.35%