# R.H. Dinel Investment Counsel, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1598352. Source: https://holderbook.com/funds/1598352-r-h-dinel-investment-counsel-inc/

- Reported value: $130.2M
- Positions: 40
- Weight of the ten largest: 61.8%
- Filed: 2026-07-13

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 |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $17.0M | 45,465 | 13.0% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $9.4M | 50,725 | 7.2% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $9.0M | 17,921 | 6.9% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $8.9M | 15,825 | 6.8% | 31 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $7.3M | 32,650 | 5.6% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $7.0M | 19,325 | 5.4% | 31 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $6.7M | 65,175 | 5.1% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $5.8M | 39,600 | 4.5% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $5.0M | 10,075 | 3.9% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $4.4M | 54,450 | 3.4% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $4.4M | 38,475 | 3.3% | 31 |
| PRICE T ROWE GROUP INC | [TROW](https://holderbook.com/stocks/TROW/) | $4.3M | 37,850 | 3.3% | 31 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $4.2M | 20,705 | 3.3% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $4.2M | 25,191 | 3.2% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $4.0M | 31,365 | 3.1% | 31 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $2.8M | 20,442 | 2.1% | 1 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $2.5M | 27,575 | 1.9% | 31 |
| FERRARI N V | [RACE](https://holderbook.com/stocks/RACE/) | $2.2M | 5,900 | 1.7% | 1 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $2.1M | 24,509 | 1.6% | 12 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $2.0M | 3,850 | 1.5% | 31 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $1.9M | 52,350 | 1.5% | 31 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.6M | 67,935 | 1.3% | 31 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $1.5M | 8,470 | 1.1% | 31 |
| SIRIUSXM HOLDINGS INC | [SIRI](https://holderbook.com/stocks/SIRI/) | $1.3M | 44,593 | 1.0% | 8 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $1.3M | 53,424 | 1.0% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.3M | 3,892 | 1.0% | 31 |
| AGILENT TECHNOLOGIES INC | [A](https://holderbook.com/stocks/A/) | $1.0M | 7,700 | 0.8% | 31 |
| LIBERTY LIVE HOLDINGS INC | [LLYVA](https://holderbook.com/stocks/LLYVA/) | $965.8K | 9,538 | 0.7% | 3 |
| DOLBY LABORATORIES INC | [DLB](https://holderbook.com/stocks/DLB/) | $928.0K | 17,650 | 0.7% | 31 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $770.3K | 18,193 | 0.6% | 31 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $658.5K | 24,700 | 0.5% | 17 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $633.9K | 5,775 | 0.5% | 31 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $621.5K | 8,015 | 0.5% | 18 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $513.3K | 4,775 | 0.4% | 31 |
| LIBERTY LIVE HOLDINGS INC | [LLYVK](https://holderbook.com/stocks/LLYVK/) | $483.7K | 4,579 | 0.4% | 3 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $402.2K | 2,743 | 0.3% | 31 |
| PLAINS ALL AMERN PIPELINE L | [PAA](https://holderbook.com/stocks/PAA/) | $378.4K | 17,000 | 0.3% | 31 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $339.3K | 16,393 | 0.3% | 31 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $249.4K | 7,800 | 0.2% | 31 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $37.1K | 1,066 | 0.0% | 22 |

## 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 |
|---|---|---|---|---|
| Q2 2026 | +2.3% | +14.8% | -12.5% | 100% |
| Q1 2026 | -7.3% | -4.6% | -2.7% | 100% |
| Q4 2025 | -1.2% | +2.4% | -3.6% | 100% |
| Q3 2025 | +3.5% | +7.8% | -4.3% | 100% |
| Q2 2025 | +5.1% | +10.5% | -5.3% | 100% |
| Q1 2025 | -2.2% | -4.6% | +2.4% | 100% |
| Q4 2024 | -5.6% | +2.1% | -7.8% | 100% |
| Q3 2024 | +3.4% | +5.4% | -2.0% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $130.2M | 40 |
| Q1 2026 | $123.6M | 40 |
| Q4 2025 | $136.5M | 40 |
| Q3 2025 | $155.0M | 42 |
| Q2 2025 | $150.0M | 42 |
| Q1 2025 | $146.6M | 42 |
| Q4 2024 | $149.8M | 42 |
| Q3 2024 | $160.1M | 42 |
| Q2 2024 | $156.2M | 44 |
| Q1 2024 | $156.4M | 54 |
| Q4 2023 | $146.4M | 55 |
| Q3 2023 | $138.6M | 56 |