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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 3 of 28  ·  559 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 SPY STATE STR SPDR S&P 500 ETF T Financial Services 54,404.0 $35.4M 0.69% -17K -23.6% $650.34 +14.8%
42 NOC NORTHROP GRUMMAN CORP Industrials 50,765.0 $34.6M 0.68% -4K -7.7% $682.24 -23.6%
43 NSC NORFOLK SOUTHN CORP Industrials 125,768.0 $34.2M 0.67% +7K +5.7% $271.60 +10.5%
44 ABT ABBOTT LABORATORIES Healthcare 339,644.0 $33.5M 0.65% +21K +6.5% $98.49 -10.3%
45 CVX CHEVRON CORPORATION Energy 158,625.0 $32.8M 0.64% -3K -1.6% $206.90 -16.1%
46 SPYM SPDR SERIES TRUST 402,922.0 $30.8M 0.60% -10K -2.4% $76.54 +14.8%
47 VGSH VANGUARD SCOTTSDALE FDS 526,441.0 $30.8M 0.60% -14K -2.6% $58.54 -0.7%
48 JNJ JOHNSON & JOHNSON Healthcare 125,643.0 $30.7M 0.60% -34K -21.5% $244.44 -6.6%
49 DECK DECKERS OUTDOOR CORP Consumer Cyclical 323,249.0 $30.5M 0.59% NEW $94.28 +15.7%
50 TJX TJX COS INC NEW Consumer Cyclical 189,621.0 $30.3M 0.59% -15K -7.3% $159.70 +2.6%
51 ULTA ULTA BEAUTY INC Consumer Cyclical 60,572.0 $30.0M 0.58% -3K -5.0% $495.78 -8.0%
52 DCI DONALDSON INC Industrials 363,710.0 $29.6M 0.58% +10K +2.8% $81.33 +5.2%
53 BAC BANK AMERICA CORP Financial Services 625,930.0 $29.1M 0.57% +76K +13.8% $46.43 +21.0%
54 PSA PUBLIC STORAGE OPER CO Real Estate 111,899.0 $28.8M 0.56% +6K +5.8% $257.68 +23.5%
55 NET CLOUDFLARE INC Technology 132,907.0 $27.4M 0.54% -2K -1.4% $206.34 +8.6%
56 KMI KINDER MORGAN INC DEL Energy 814,103.0 $27.3M 0.53% $33.53 -5.8%
57 UNH UNITEDHEALTH GROUP INC Healthcare 104,832.0 $27.2M 0.53% -3K -2.8% $259.74 +54.4%
58 KRMN KARMAN HLDGS INC Industrials 333,030.0 $26.7M 0.52% -12K -3.5% $80.05 -37.1%
59 GEV GE VERNOVA INC Utilities 29,725.0 $25.9M 0.51% -683.0 -2.2% $872.90 +27.1%
60 WMT WALMART INC Consumer Defensive 205,589.0 $25.6M 0.50% -12K -5.4% $124.28 -5.7%
Page 3 of 28  ·  559 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%