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Portfolio (Quarterly) Guide ↗

Carnegie Investment Counsel

· CIK 0001511506
13F Portfolio $5.4B AUM 564 positions Filed Jan 23, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 564 New
Page 3 of 29  ·  564 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 UNH UNITEDHEALTH GROUP INC Healthcare 107,880.0 $35.6M 0.66% NEW $330.11 +20.9%
42 CRDO CREDO TECHNOLOGY GROUP HOLDI Technology 242,314.0 $34.9M 0.64% NEW $143.89 +28.1%
43 AMGN AMGEN INC Healthcare 106,311.0 $34.8M 0.64% NEW $327.31 -0.3%
44 NSC NORFOLK SOUTHN CORP Industrials 118,961.0 $34.3M 0.63% NEW $288.72 +10.0%
45 JNJ JOHNSON & JOHNSON Healthcare 160,092.0 $33.1M 0.61% NEW $206.95 +11.5%
46 SPYM SPDR SERIES TRUST 412,877.0 $33.1M 0.61% NEW $80.22 +8.4%
47 VZ VERIZON COMMUNICATIONS INC Communication Services 809,500.0 $33.0M 0.61% NEW $40.73 +15.5%
48 VGSH VANGUARD SCOTTSDALE FDS 540,332.0 $31.7M 0.58% NEW $58.73 -0.9%
49 COST COSTCO WHSL CORP NEW Consumer Defensive 36,594.0 $31.6M 0.58% NEW $862.33 +20.7%
50 TJX TJX COS INC NEW Consumer Cyclical 204,472.0 $31.4M 0.58% NEW $153.61 -4.1%
51 NOC NORTHROP GRUMMAN CORP Industrials 55,010.0 $31.4M 0.58% NEW $570.21 -3.8%
52 DCI DONALDSON INC Industrials 353,657.0 $31.4M 0.58% NEW $88.66 -5.4%
53 BAC BANK AMERICA CORP Financial Services 549,983.0 $30.2M 0.56% NEW $55.00 -9.5%
54 CASY CASEYS GEN STORES INC Consumer Cyclical 50,997.0 $28.2M 0.52% NEW $552.71 +54.3%
55 TMO THERMO FISHER SCIENTIFIC INC Healthcare 47,467.0 $27.5M 0.51% NEW $579.45 -22.6%
56 PSA PUBLIC STORAGE OPER CO Real Estate 105,808.0 $27.5M 0.51% NEW $259.50 +16.8%
57 NET CLOUDFLARE INC Technology 134,784.0 $26.6M 0.49% NEW $197.15 +1.3%
58 KRMN KARMAN HLDGS INC Industrials 345,030.0 $25.2M 0.47% NEW $73.17 -9.8%
59 CART MAPLEBEAR INC Consumer Cyclical 557,350.0 $25.1M 0.46% NEW $44.98 -11.7%
60 CVX CHEVRON CORP NEW Energy 161,130.0 $24.6M 0.45% NEW $152.41 +22.5%
Page 3 of 29  ·  564 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 25.6%
Financial Services 19.2%
Industrials 12.6%
Communication Services 11.0%
Healthcare 9.9%
Consumer Cyclical 9.5%
Consumer Defensive 3.4%
Utilities 3.2%
Basic Materials 2.2%
Energy 1.8%