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Portfolio (Quarterly) Guide ↗

Carnegie Investment Counsel

· CIK 0001511506
13F Portfolio $5.1B AUM 559 positions Filed May 1, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 35 New 189 Added 239 Reduced 40 Exited
Page 2 of 12  ·  239 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 TJX TJX COS INC NEW Consumer Cyclical 189,621.0 $30.3M 0.59% -15K -7.3% $159.70 +2.6%
22 ULTA ULTA BEAUTY INC Consumer Cyclical 60,572.0 $30.0M 0.58% -3K -5.0% $495.78 -8.0%
23 NET CLOUDFLARE INC Technology 132,907.0 $27.4M 0.54% -2K -1.4% $206.34 +8.6%
24 UNH UNITEDHEALTH GROUP INC Healthcare 104,832.0 $27.2M 0.53% -3K -2.8% $259.74 +54.4%
25 KRMN KARMAN HLDGS INC Industrials 333,030.0 $26.7M 0.52% -12K -3.5% $80.05 -37.1%
26 GEV GE VERNOVA INC Utilities 29,725.0 $25.9M 0.51% -683.0 -2.2% $872.90 +27.1%
27 WMT WALMART INC Consumer Defensive 205,589.0 $25.6M 0.50% -12K -5.4% $124.28 -5.7%
28 TEL TE CONNECTIVITY PLC Technology 104,408.0 $21.8M 0.42% -572.0 -0.5% $209.02 +4.1%
29 UNP UNION PAC CORP Industrials 87,513.0 $21.2M 0.41% -4K -4.3% $242.62 +5.9%
30 TMO THERMO FISHER SCIENTIFIC INC Healthcare 41,877.0 $20.6M 0.40% -6K -11.8% $491.53 -5.5%
31 VIG VANGUARD SPECIALIZED FUNDS 95,201.0 $20.5M 0.40% -9K -8.5% $215.06 +9.4%
32 VOO VANGUARD INDEX FDS 34,111.0 $20.4M 0.40% -1K -3.2% $597.55 +15.2%
33 SUB ISHARES TR 190,620.0 $20.3M 0.40% -5K -2.7% $106.50 +0.1%
34 PAC GRUPO AEROPORTUNARIO DEL PAC Industrials 81,092.0 $20.0M 0.39% -1K -1.7% $246.87 +3.0%
35 POWL POWELL INDS INC Industrials 36,376.0 $19.7M 0.38% -5K -11.0% $541.08 -45.1%
36 ISHARES TR 842,147.0 $19.3M 0.38% -35K -4.0% $22.92
37 ANET ARISTA NETWORKS INC Technology 153,613.0 $18.9M 0.37% -21K -12.1% $122.78 +38.2%
38 ROK ROCKWELL AUTOMATION INC Industrials 52,539.0 $18.9M 0.37% -3K -5.4% $358.88 +32.0%
39 TW TRADEWEB MKTS INC Financial Services 158,914.0 $18.7M 0.36% -12K -7.3% $117.66 -15.4%
40 LECO LINCOLN ELEC HLDGS INC Industrials 74,643.0 $18.6M 0.36% -5K -6.7% $249.08 +10.5%
Page 2 of 12  ·  239 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 23.5%
Financial Services 18.9%
Industrials 13.6%
Communication Services 10.0%
Consumer Cyclical 10.0%
Healthcare 9.6%
Consumer Defensive 3.9%
Utilities 3.8%
Energy 2.5%
Basic Materials 2.4%