# Bedell Frazier Investment Counselling, LLC

> Institutional holdings reported to the SEC as of Q1 2026 on Form 13F. CIK 1388142. Source: https://holderbook.com/funds/1388142-bedell-frazier-investment-counselling-llc/

- Reported value: $495.0M
- Positions: 128
- Weight of the ten largest: 39.2%
- Filed: 2026-05-15

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $41.4M | 163,204 | 8.4% | 30 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $27.9M | 64,755 | 5.6% | 30 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $26.0M | 90,548 | 5.3% | 30 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $25.5M | 122,640 | 5.2% | 30 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $13.0M | 53,183 | 2.6% | 30 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $12.6M | 74,093 | 2.5% | 30 |
| PROSHARES TR | [SDS](https://holderbook.com/stocks/SDS/) | $12.4M | 164,233 | 2.5% | 1 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $11.9M | 12,980 | 2.4% | 29 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $11.5M | 31,182 | 2.3% | 30 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $11.5M | 19,091 | 2.3% | 23 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $11.4M | 149,966 | 2.3% | 25 |
| ISHARES TR | [IYT](https://holderbook.com/stocks/IYT/) | $10.8M | 145,339 | 2.2% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $10.3M | 17,973 | 2.1% | 15 |
| INVESCO ACTVELY MNGD ETC FD | [PDBC](https://holderbook.com/stocks/PDBC/) | $10.2M | 586,036 | 2.1% | 8 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $9.8M | 86,428 | 2.0% | 5 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $8.4M | 34,627 | 1.7% | 21 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $8.2M | 129,472 | 1.7% | 6 |
| COHEN & STEERS INFRASTRUCTUR | [UTF](https://holderbook.com/stocks/UTF/) | $8.0M | 309,461 | 1.6% | 15 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $7.9M | 45,119 | 1.6% | 11 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $7.8M | 134,052 | 1.6% | 2 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $7.8M | 132,112 | 1.6% | 9 |
| ALBEMARLE CORP | [ALB](https://holderbook.com/stocks/ALB/) | $7.1M | 39,430 | 1.4% | 3 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $6.8M | 7,020 | 1.4% | 4 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $6.5M | 13,017 | 1.3% | 3 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $6.2M | 19,843 | 1.2% | 30 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $6.0M | 123,501 | 1.2% | 30 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $6.0M | 61,853 | 1.2% | 30 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $5.8M | 58,352 | 1.2% | 24 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $5.6M | 42,420 | 1.1% | 6 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $5.3M | 6,900 | 1.1% | 25 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $5.3M | 14,872 | 1.1% | 8 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $5.2M | 26,155 | 1.1% | 8 |
| ISHARES INC | [PICK](https://holderbook.com/stocks/PICK/) | $4.9M | 86,019 | 1.0% | 4 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $4.9M | 12,432 | 1.0% | 8 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $4.6M | 12,372 | 0.9% | 23 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $4.5M | 48,075 | 0.9% | 2 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $4.4M | 13,133 | 0.9% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $4.2M | 4,209 | 0.8% | 20 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $4.2M | 11,621 | 0.8% | 6 |
| INVESCO EXCHANGE TRADED FD T | [PHO](https://holderbook.com/stocks/PHO/) | $4.1M | 61,554 | 0.8% | 15 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $4.1M | 81,131 | 0.8% | 7 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $4.1M | 13,836 | 0.8% | 15 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $4.0M | 19,416 | 0.8% | 30 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $3.5M | 24,407 | 0.7% | 6 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $3.5M | 71,250 | 0.7% | 3 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $3.4M | 21,109 | 0.7% | 14 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $3.2M | 33,788 | 0.7% | 10 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $3.2M | 64,831 | 0.7% | 9 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $3.1M | 15,478 | 0.6% | 3 |
| CELSIUS HLDGS INC | [CELH](https://holderbook.com/stocks/CELH/) | $3.1M | 86,721 | 0.6% | 10 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $3.1M | 9,286 | 0.6% | 15 |
| WARBY PARKER INC | [WRBY](https://holderbook.com/stocks/WRBY/) | $2.8M | 133,799 | 0.6% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.8M | 9,771 | 0.6% | 24 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $2.6M | 12,120 | 0.5% | 6 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.4M | 31,321 | 0.5% | 25 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $2.4M | 15,810 | 0.5% | 6 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $2.2M | 6,815 | 0.5% | 15 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $2.0M | 39,186 | 0.4% | 11 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $1.9M | 2,241 | 0.4% | 7 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $1.9M | 12,800 | 0.4% | 30 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.8M | 5,845 | 0.4% | 12 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $1.7M | 3,215 | 0.3% | 3 |
| DRAFTKINGS INC NEW | [DKNG](https://holderbook.com/stocks/DKNG/) | $1.6M | 75,431 | 0.3% | 3 |
| AMPLIFY ETF TR | [HACK](https://holderbook.com/stocks/HACK/) | $1.4M | 18,689 | 0.3% | 9 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $1.3M | 26,826 | 0.3% | 15 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.3M | 2,251 | 0.3% | 21 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.3M | 4,283 | 0.3% | 21 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $1.3M | 7,879 | 0.3% | 10 |
| CALIFORNIA BANCORP | [BCAL](https://holderbook.com/stocks/BCAL/) | $1.1M | 61,815 | 0.2% | 7 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.0M | 1,613 | 0.2% | 30 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $1.0M | 4,095 | 0.2% | 6 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $967.0K | 13,286 | 0.2% | 4 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $928.1K | 18,059 | 0.2% | 1 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $923.8K | 9,571 | 0.2% | 15 |
| BHP BILLITON LIMITED | [BHP](https://holderbook.com/stocks/BHP/) | $879.5K | 12,091 | 0.2% | 3 |
| ISHARES INC | [EWZ](https://holderbook.com/stocks/EWZ/) | $829.5K | 21,606 | 0.2% | 4 |
| DOLLAR TREE INC | [DLTR](https://holderbook.com/stocks/DLTR/) | $789.3K | 7,208 | 0.2% | 22 |
| VANECK ETF TRUST | [NLR](https://holderbook.com/stocks/NLR/) | $766.2K | 5,753 | 0.2% | 1 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $762.5K | 27,153 | 0.2% | 6 |
| FIRST TR EXCHANGE-TRADED FD | [FBT](https://holderbook.com/stocks/FBT/) | $678.0K | 3,376 | 0.1% | 30 |
| ISHARES TR | [INDA](https://holderbook.com/stocks/INDA/) | $664.0K | 14,176 | 0.1% | 12 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $630.9K | 1,514 | 0.1% | 7 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $600.3K | 5,415 | 0.1% | 2 |
| ELBIT SYS LTD | [ESLT](https://holderbook.com/stocks/ESLT/) | $551.9K | 650 | 0.1% | 3 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $533.1K | 1,909 | 0.1% | 4 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $518.5K | 2,384 | 0.1% | 30 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $498.3K | 3,678 | 0.1% | 4 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $495.6K | 4,120 | 0.1% | 4 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $485.3K | 5,225 | 0.1% | 30 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $448.8K | 5,637 | 0.1% | 22 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $438.5K | 4,024 | 0.1% | 4 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $437.9K | 3,523 | 0.1% | 8 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $427.6K | 9,689 | 0.1% | 3 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $416.1K | 6,077 | 0.1% | 5 |
| GRAYSCALE BITCOIN TRUST ETF | [GBTC](https://holderbook.com/stocks/GBTC/) | $414.5K | 7,857 | 0.1% | 9 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $411.1K | 7,783 | 0.1% | 23 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $402.0K | 2,084 | 0.1% | 24 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $401.6K | 3,698 | 0.1% | 2 |
| VANGUARD ADMIRAL FDS INC | [IVOO](https://holderbook.com/stocks/IVOO/) | $400.0K | 3,499 | 0.1% | 3 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $389.2K | 4,492 | 0.1% | 15 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2026 | -0.7% | -4.6% | +3.9% | 100% |
| Q4 2025 | +3.9% | +2.4% | +1.5% | 100% |
| Q3 2025 | +6.6% | +7.8% | -1.2% | 100% |
| Q2 2025 | +6.5% | +10.5% | -4.0% | 100% |
| Q1 2025 | -0.4% | -4.6% | +4.1% | 100% |
| Q4 2024 | -3.4% | +2.1% | -5.6% | 100% |
| Q3 2024 | +5.9% | +5.4% | +0.5% | 100% |
| Q2 2024 | +1.9% | +4.0% | -2.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2026 | $495.0M | 128 |
| Q4 2025 | $518.3M | 133 |
| Q3 2025 | $486.6M | 129 |
| Q2 2025 | $397.2M | 110 |
| Q1 2025 | $392.8M | 102 |
| Q4 2024 | $403.6M | 107 |
| Q3 2024 | $418.5M | 101 |
| Q2 2024 | $414.7M | 96 |
| Q1 2024 | $400.1M | 96 |
| Q4 2023 | $363.5M | 87 |
| Q3 2023 | $334.7M | 86 |
| Q2 2023 | $341.6M | 86 |