Carnegie Investment Counsel
SEC Form 13F institutional filer · CIK 0001511506
13F-HR · 286 reported holdings · 2026-03-31
Investment counsel.
Reported long-US-equity value
$4.21B
Top-10 concentration
29.8%
Carnegie Investment Counsel — $4.21B AUM allocation strategy
Carnegie Investment Counsel files SEC Form 13F and reports $4.21B of long US equity value across 286 reported holdings for 2026-03-31.
Its largest sector bet is Financials 14.9%, followed by Information Technology 14.4% and Communication Services 7.8%.
The top 10 holdings account for 30% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Carnegie Investment Counsel — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$4.21B
total across 286 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
30% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$IVZ +215K sh · +$2.69M+$HOOD +121K sh · +$8.32M+$PYPL +114K sh · +$4.34M
Biggest trims (shares)
−$NVDA −46.9K sh · −$16.6M−$JNJ −34.4K sh · −$2.42M−$KEY −33.8K sh · −$725K
Exited to nil (held last quarter, gone now)
$BF.B ($1.91M last qtr)$CTVA ($291K last qtr)$CDW ($287K last qtr)$DD ($257K last qtr)$PRU ($235K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Interactive Media & Services7.8%—
- Semiconductors5.3%—
- Technology Hardware, Storage & Peripherals4.0%—
- Systems Software3.7%—
- Investment Banking & Brokerage3.1%—
- Transaction & Payment Processing Services3.0%—
- Diversified Banks2.9%—
- Property & Casualty Insurance2.6%—
- Other holdings67.7%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $GOOG | Alphabet Inc. Class C Capital Stock | 602K | $171M | -26.2K | 4.0% |
| $AAPL | Apple Inc | 664K | $169M | -21.3K | 4.0% |
| $MSFT | Microsoft Corporation | 429K | $157M | +11.8K | 3.7% |
| $SCHW | Charles Schwab Corporation | 2.81M | $131M | +79.4K | 3.1% |
| $JPM | JP Morgan Chase & Co | 421K | $121M | +1.65K | 2.9% |
| $NVDA | NVIDIA Corporation | 653K | $114M | -46.9K | 2.7% |
| $AVGO | Broadcom Inc | 363K | $111M | +11.9K | 2.6% |
| $AMZN | Amazon.com Inc | 485K | $101M | -658 | 2.4% |
| $BRK.B | Berkshire Hathaway Inc.-Class B | 198K | $93.1M | +5.49K | 2.2% |
| $META | Meta Platforms Inc | 164K | $91.2M | +2.64K | 2.2% |
…and 276 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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