Portfolio (Quarterly) Guide ↗

Long Road Investment Counsel, LLC

· CIK 0001620081

13F Portfolio $264M AUM 79 positions Filed Feb 4, 2026 EDGAR ↗ ← All Funds

Q4 2025 Q3 2025 · All 8 New 16 Added 31 Reduced 2 Exited

#	Ticker	Company	Sector	Shares	Value ↓	% Port	Chg Shares	Chg %	Period Price ①	Since Period ①
1	IDXX	IDEXX LABS	Healthcare	11,307.0	$7.6M	2.90%	+225.0	+2.0%	$676.53	-20.9%
2	AMG	AFFILIATED MANAGERS GROUP	Financial Services	15,581.0	$4.5M	1.70%	+485.0	+3.2%	$288.28	+28.4%
3	TMO	THERMO FISHER	Healthcare	7,711.0	$4.5M	1.69%	+185.0	+2.5%	$579.45	+5.9%
4	DORM	DORMAN PRODUCTS	Consumer Cyclical	28,250.0	$3.5M	1.32%	+350.0	+1.2%	$123.19	+6.6%
5	BWA	BORG WARNER	Consumer Cyclical	47,030.0	$2.1M	0.80%	+500.0	+1.1%	$45.06	+49.9%
6	JPM	JPMORGAN CHASE	Financial Services	3,932.0	$1.3M	0.48%	+500.0	+14.6%	$322.22	+11.3%
7	BOOT	BOOT BARN	Consumer Cyclical	6,471.0	$1.1M	0.43%	+150.0	+2.4%	$176.47	-12.6%
8	MDY	STATE STREET SPDR S&PMIDCAP 40	Financial Services	1,850.0	$1.1M	0.42%	+100.0	+5.7%	$603.28	+14.6%
9	PHIN	PHINIA INC	Consumer Cyclical	14,826.0	$929K	0.35%	+100.0	+0.7%	$62.69	+10.1%
10	PYPL	PAYPAL	Financial Services	15,300.0	$893K	0.34%	+150.0	+1.0%	$58.38	-5.9%
11	COST	COSTCO	Consumer Defensive	938.0	$809K	0.31%	+530.0	+129.9%	$862.34	+6.2%
12	SMG	SCOTTS MIRACLE-GRO CO CL A	Basic Materials	11,675.0	$681K	0.26%	+150.0	+1.3%	$58.35	+1.9%
13	KNX	KNIGHT-SWIFT TRANSPORTATION	Industrials	9,555.0	$500K	0.19%	+2K	+24.0%	$52.28	+37.7%
14	NTRS	NORTHERN TRUST	Financial Services	2,450.0	$335K	0.13%	+450.0	+22.5%	$136.59	+36.6%
15	PFE	PFIZER	Healthcare	13,043.0	$325K	0.12%	+1K	+8.3%	$24.90	+14.3%
16	LOW	LOWES	Consumer Cyclical	1,310.0	$316K	0.12%	+250.0	+23.6%	$241.16	-15.2%

① 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

Industrials 19.6%

Consumer Cyclical 18.8%

Healthcare 17.3%

Technology 17.3%

Financial Services 12.0%

Communication Services 7.7%

Consumer Defensive 4.1%

Basic Materials 1.9%

Utilities 1.0%

Energy 0.3%