# Long Road Investment Counsel, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1620081. Source: https://holderbook.com/funds/1620081-long-road-investment-counsel-llc/

- Reported value: $271.3M
- Positions: 80
- Weight of the ten largest: 49.6%
- Filed: 2026-08-14

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 |
|---|---|---|---|---|---|
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $27.9M | 303,265 | 10.3% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $17.2M | 48,549 | 6.3% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $16.6M | 46,405 | 6.1% | 31 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $13.5M | 42,907 | 5.0% | 31 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $12.0M | 53,409 | 4.4% | 31 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $11.9M | 247,990 | 4.4% | 31 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $10.4M | 38,576 | 3.8% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $9.6M | 65,589 | 3.5% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $8.4M | 29,100 | 3.1% | 31 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $7.0M | 68,570 | 2.6% | 31 |
| RB GLOBAL INC | [RBA](https://holderbook.com/stocks/RBA/) | $6.8M | 58,140 | 2.5% | 12 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $6.2M | 50,735 | 2.3% | 31 |
| EXPEDITORS INTL WASH INC | [EXPD](https://holderbook.com/stocks/EXPD/) | $6.0M | 36,875 | 2.2% | 31 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $6.0M | 11,307 | 2.2% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $5.4M | 14,324 | 2.0% | 20 |
| AFFILIATED MANAGERS GROUP | [AMG](https://holderbook.com/stocks/AMG/) | $5.2M | 15,481 | 1.9% | 31 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $5.2M | 44,650 | 1.9% | 31 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $4.4M | 14,935 | 1.6% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $4.2M | 3,569 | 1.5% | 9 |
| WEX INC | [WEX](https://holderbook.com/stocks/WEX/) | $3.9M | 27,904 | 1.5% | 25 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $3.9M | 28,580 | 1.4% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $3.9M | 7,691 | 1.4% | 31 |
| DORMAN PRODS INC | [DORM](https://holderbook.com/stocks/DORM/) | $3.9M | 28,250 | 1.4% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.8M | 14,795 | 1.4% | 31 |
| OMNICOM GROUP INC | [OMC](https://holderbook.com/stocks/OMC/) | $3.7M | 51,403 | 1.4% | 31 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $3.7M | 22,001 | 1.4% | 31 |
| CHEESECAKE FACTORY INC | [CAKE](https://holderbook.com/stocks/CAKE/) | $3.5M | 43,920 | 1.3% | 31 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $3.2M | 24,950 | 1.2% | 31 |
| BORGWARNER INC | [BWA](https://holderbook.com/stocks/BWA/) | $3.1M | 47,030 | 1.2% | 31 |
| LAUDER ESTEE COS INC | [EL](https://holderbook.com/stocks/EL/) | $2.7M | 34,484 | 1.0% | 31 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $2.5M | 16,349 | 0.9% | 31 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $2.3M | 13,800 | 0.9% | 31 |
| BROADRIDGE FINL SOLUTIONS IN | [BR](https://holderbook.com/stocks/BR/) | $2.3M | 16,950 | 0.9% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.0M | 2,639 | 0.7% | 31 |
| GEN DIGITAL INC | [GEN](https://holderbook.com/stocks/GEN/) | $1.9M | 76,425 | 0.7% | 27 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.7M | 4,567 | 0.6% | 31 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $1.7M | 3,679 | 0.6% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.6M | 6,335 | 0.6% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $1.5M | 2 | 0.6% | 31 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $1.4M | 36,827 | 0.5% | 28 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $1.4M | 13,640 | 0.5% | 31 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $1.4M | 16,360 | 0.5% | 31 |
| CARMAX INC | [KMX](https://holderbook.com/stocks/KMX/) | $1.3M | 24,960 | 0.5% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.3M | 3,932 | 0.5% | 6 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.2M | 13,485 | 0.5% | 31 |
| PHINIA INC | [PHIN](https://holderbook.com/stocks/PHIN/) | $1.2M | 14,826 | 0.5% | 12 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $1.2M | 1,720 | 0.4% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.2M | 19,500 | 0.4% | 24 |
| WORKDAY INC | [WDAY](https://holderbook.com/stocks/WDAY/) | $1.1M | 9,391 | 0.4% | 6 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $1.1M | 4,370 | 0.4% | 31 |
| BOOT BARN HLDGS INC | [BOOT](https://holderbook.com/stocks/BOOT/) | $1.1M | 6,471 | 0.4% | 11 |
| EQUIFAX INC | [EFX](https://holderbook.com/stocks/EFX/) | $934.1K | 5,885 | 0.3% | 31 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $914.6K | 7,350 | 0.3% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $877.5K | 938 | 0.3% | 23 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $858.0K | 5,851 | 0.3% | 31 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $832.6K | 2,220 | 0.3% | 2 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $796.7K | 2,200 | 0.3% | 10 |
| SCOTTS MIRACLE-GRO CO | [SMG](https://holderbook.com/stocks/SMG/) | $795.2K | 11,675 | 0.3% | 31 |
| KNIGHT-SWIFT TRANSN HLDGS IN | [KNX](https://holderbook.com/stocks/KNX/) | $728.5K | 9,355 | 0.3% | 30 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $700.2K | 5,015 | 0.3% | 2 |
| GENTEX CORP | [GNTX](https://holderbook.com/stocks/GNTX/) | $664.6K | 26,300 | 0.2% | 31 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $660.7K | 15,300 | 0.2% | 31 |
| JACOBS SOLUTIONS INC | [J](https://holderbook.com/stocks/J/) | $601.7K | 4,775 | 0.2% | 16 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $571.1K | 7,300 | 0.2% | 31 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $518.4K | 8,099 | 0.2% | 14 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $510.2K | 1,487 | 0.2% | 6 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $488.0K | 3,569 | 0.2% | 31 |
| IRON MTN INC DEL | [IRM](https://holderbook.com/stocks/IRM/) | $442.1K | 3,500 | 0.2% | 6 |
| NORTHERN TR CORP | [NTRS](https://holderbook.com/stocks/NTRS/) | $425.9K | 2,450 | 0.2% | 5 |
| TRACTOR SUPPLY CO | [TSCO](https://holderbook.com/stocks/TSCO/) | $418.8K | 13,250 | 0.2% | 31 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $358.1K | 830 | 0.1% | 1 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $356.6K | 1,280 | 0.1% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $341.5K | 665 | 0.1% | 6 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $326.4K | 1,592 | 0.1% | 31 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $314.1K | 13,043 | 0.1% | 30 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $305.4K | 1,461 | 0.1% | 5 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $280.0K | 1,270 | 0.1% | 11 |
| F5 INC | [FFIV](https://holderbook.com/stocks/FFIV/) | $249.6K | 600 | 0.1% | 1 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $231.4K | 1,600 | 0.1% | 1 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $218.0K | 5,900 | 0.1% | 4 |

## 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 | +6.4% | +14.8% | -8.5% | 100% |
| Q1 2026 | -6.1% | -4.6% | -1.5% | 100% |
| Q4 2025 | -3.1% | +2.4% | -5.5% | 100% |
| Q3 2025 | +8.0% | +7.8% | +0.2% | 100% |
| Q2 2025 | +4.3% | +10.5% | -6.2% | 100% |
| Q1 2025 | +0.9% | -4.6% | +5.4% | 100% |
| Q4 2024 | -1.4% | +2.1% | -3.5% | 100% |
| Q3 2024 | +9.8% | +5.4% | +4.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $271.3M | 80 |
| Q1 2026 | $255.0M | 78 |
| Q4 2025 | $264.0M | 79 |
| Q3 2025 | $282.5M | 80 |
| Q2 2025 | $267.8M | 80 |
| Q1 2025 | $257.7M | 80 |
| Q4 2024 | $245.1M | 71 |
| Q3 2024 | $251.2M | 71 |
| Q2 2024 | $229.7M | 71 |
| Q1 2024 | $238.4M | 70 |
| Q4 2023 | $240.9M | 69 |
| Q3 2023 | $206.1M | 68 |