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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 4 of 12  ·  239 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 QQQ INVESCO QQQ TR Financial Services 19,055.0 $11.0M 0.21% -719.0 -3.6% $577.19 +28.3%
62 RSP INVESCO EXCHANGE TRADED FD T 55,626.0 $10.7M 0.21% -5K -8.1% $191.92 +9.4%
63 IVV ISHARES TR 15,745.0 $10.3M 0.20% -248.0 -1.6% $653.21 +14.8%
64 MRK MERCK & CO INC Healthcare 85,461.0 $10.3M 0.20% -1K -1.4% $120.29 -5.3%
65 TMUS T-MOBILE US INC Communication Services 45,410.0 $9.5M 0.19% -13K -21.7% $210.03 -13.5%
66 PG PROCTER & GAMBLE CO Consumer Defensive 64,822.0 $9.4M 0.18% -6K -8.4% $144.44 +4.1%
67 XLY SELECT SECTOR SPDR TR 78,624.0 $8.6M 0.17% -2K -2.1% $108.98 +7.5%
68 IBM INTERNATIONAL BUSINESS MACHS Technology 34,840.0 $8.4M 0.17% -747.0 -2.1% $242.39 +2.8%
69 MRSH MARSH & MCLENNAN COS INC Financial Services 46,917.0 $8.1M 0.16% -17K -26.7% $173.45 -6.4%
70 MPC MARATHON PETE CORP Energy 31,966.0 $7.8M 0.15% -2K -5.5% $244.18 -0.5%
71 AMD ADVANCED MICRO DEVICES INC Technology 34,407.0 $7.0M 0.14% -4K -11.3% $203.43 +164.2%
72 QQQM INVESCO EXCH TRADED FD TR II 29,130.0 $6.9M 0.14% -2K -5.7% $237.62 +28.2%
73 DELL DELL TECHNOLOGIES INC Technology 41,171.0 $6.8M 0.13% -3K -7.5% $164.13 +149.8%
74 ARCC ARES CAPITAL CORP Financial Services 365,723.0 $6.6M 0.13% -44K -10.7% $18.02 +0.1%
75 NVO NOVO-NORDISK A S Healthcare 178,029.0 $6.5M 0.13% -67K -27.4% $36.75 +17.5%
76 XBI SPDR SERIES TRUST 49,897.0 $6.4M 0.12% -601.0 -1.2% $127.73 +10.2%
77 TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 18,084.0 $6.1M 0.12% -5K -21.4% $337.95 +36.7%
78 NVT NVENT ELEC PLC Industrials 47,525.0 $5.6M 0.11% -2K -4.8% $118.28 +49.7%
79 VUG VANGUARD INDEX FDS 12,647.0 $5.5M 0.11% -294.0 -2.3% $436.81 -80.1%
80 FBND FIDELITY MERRIMACK STR TR 119,431.0 $5.4M 0.11% -7K -5.4% $45.62 -0.0%
Page 4 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%