Kensington Investment Counsel, LLC
Reported holdings as of Q2 2026, from 22 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| APPLE INC | AAPL | $18.1M | 62,542 | +0.37pp | 22q | +2.0%+$359.4K | |
| MICROSOFT CORP | MSFT | $11.7M | 31,349 | -0.31pp | 22q | +3.7%+$412.6K | |
| ABBVIE INC | ABBV | $9.0M | 35,786 | -0.02pp | 22q | -4.6%-$434.6K | |
| JPMORGAN CHASE & CO | JPM | $8.6M | 26,248 | -0.18pp | 22q | -4.9%-$440.3K | |
| CISCO SYS INC | CSCO | $8.2M | 70,023 | +0.91pp | 22q | -1.9%-$160.2K | |
| SNAP ON INC | SNA | $7.7M | 19,252 | -0.16pp | 22q | -4.5%-$361.8K | |
| DELL TECHNOLOGIES INC | DELL | $7.6M | 17,614 | +1.95pp | 6q | +3.2%+$232.6K | |
| NVIDIA CORPORATION | NVDA | $6.8M | 34,082 | +0.26pp | 13q | +6.1%+$389.2K | |
| TEXAS INSTRS INC | TXN | $6.6M | 22,238 | +0.71pp | 22q | -4.0%-$279.6K | |
| JOHNSON & JOHNSON | JNJ | $6.5M | 25,663 | -0.39pp | 22q | -6.4%-$443.4K | |
| GENERAL DYNAMICS CORP | GD | $6.4M | 18,184 | -0.36pp | 22q | -4.9%-$330.2K | |
| AMGEN INC | AMGN | $6.0M | 16,454 | -0.40pp | 22q | -6.6%-$420.4K | |
| ALPHABET INC | GOOGL | $5.8M | 16,349 | +0.23pp | 22q | -2.0%-$117.6K | |
| WILLIAMS SONOMA INC | WSM | $5.8M | 24,879 | +0.30pp | 12q | -1.4%-$80.2K | |
| INVESCO QQQ TR | QQQ | $5.7M | 7,792 | -0.04pp | 22q | -14.4%-$967.6K | |
| REPUBLIC SVCS INC | RSG | $5.6M | 26,081 | -0.49pp | 22q | -5.4%-$317.3K | |
| WATSCO INC | WSO | $5.5M | 13,115 | +0.03pp | 16q | -1.9%-$107.1K | |
| HOME DEPOT INC | HD | $5.1M | 14,462 | -0.33pp | 22q | -10.2%-$580.2K | |
| QUALCOMM INC | QCOM | $4.8M | 26,221 | +0.40pp | 22q | -4.5%-$226.9K | |
| PEPSICO INC | PEP | $4.8M | 35,442 | -0.72pp | 6q | -5.4%-$274.7K | |
| MERCK & CO INC | MRK | $4.8M | 37,325 | -0.19pp | 22q | -4.8%-$244.2K | |
| CANADIAN NATL RY CO | CNI | $3.8M | 31,828 | flat | 4q | -4.2%-$167.9K | |
| SLB LIMITED | SLB | $3.6M | 77,051 | -0.47pp | 2q | -5.9%-$223.4K | |
| UNITEDHEALTH GROUP INC | UNH | $3.3M | 8,019 | +0.35pp | 4q | -4.5%-$157.5K | |
| UNION PAC CORP | UNP | $3.1M | 11,276 | -0.04pp | 4q | -4.2%-$134.1K | |
| MASTERCARD INCORPORATED | MA | $2.7M | 5,287 | -0.10pp | 22q | -0.8%-$20.5K | |
| HALLIBURTON CO | HAL | $2.6M | 77,838 | -0.40pp | 2q | -5.6%-$156.2K | |
| AVALONBAY CMNTYS INC | AVB | $2.5M | 13,143 | -0.04pp | 14q | -7.4%-$198.9K | |
| ELI LILLY & CO | LLY | $2.4M | 2,041 | +0.16pp | 13q | HELD | |
| BROADCOM INC | AVGO | $2.4M | 6,327 | +0.10pp | 13q | HELD | |
| EXXONMOBIL HOLDINGS CORP COM SHS | XOM | $2.3M | 16,670 | - | new | NEW | |
| AMAZON COM INC | AMZN | $2.3M | 9,533 | +0.01pp | 22q | -2.1%-$47.7K | |
| BROADRIDGE FINL SOLUTIONS IN | BR | $2.3M | 16,442 | -0.61pp | 14q | -18.8%-$522.6K | |
| AMETEK INC | AME | $2.2M | 9,103 | +0.01pp | 22q | HELD | |
| META PLATFORMS INC | META | $2.1M | 3,672 | +0.08pp | 14q | +22.9%+$385.3K | |
| CHURCH & DWIGHT CO INC | CHD | $1.9M | 19,200 | -0.06pp | 22q | HELD | |
| HONEYWELL INTL INC | HON | $1.8M | 8,107 | - | new | NEW | |
| HONEYWELL AEROSPACE INC | HONA | $1.8M | 8,107 | - | new | NEW | |
| PALO ALTO NETWORKS INC | PANW | $1.6M | 4,703 | +0.33pp | 13q | HELD | |
| SHERWIN WILLIAMS CO | SHW | $1.6M | 4,631 | -0.03pp | 22q | -1.6%-$26.2K | |
| ROSS STORES INC | ROST | $1.6M | 7,447 | -0.09pp | 22q | HELD | |
| MONSTER BEVERAGE CORP NEW | MNST | $1.4M | 14,859 | +0.10pp | 22q | HELD | |
| ADVANCED MICRO DEVICES INC | AMD | $1.3M | 2,284 | +0.36pp | 13q | +2.4%+$30.8K | |
| MARKEL GROUP INC | MKL | $1.3M | 679 | -0.06pp | 22q | -2.2%-$29.3K | |
| NOVARTIS AG | NVS | $1.3M | 8,456 | -0.05pp | 22q | HELD | |
| CROWDSTRIKE HLDGS INC | CRWD | $1.3M | 1,690 | +0.24pp | 22q | -1.1%-$13.7K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $1.2M | 2,498 | -0.01pp | 13q | +4.0%+$48.5K | |
| ILLINOIS TOOL WKS INC | ITW | $1.2M | 4,440 | -0.04pp | 22q | HELD | |
| DICKS SPORTING GOODS INC | DKS | $1.2M | 5,235 | +0.02pp | 10q | +1.3%+$15.6K | |
| COSTCO WHOLESALE CORPORATION | COST | $1.2M | 1,259 | -0.10pp | 22q | -0.8%-$9.4K | |
| SELECT SECTOR SPDR TR | XLK | $1.2M | 6,085 | +0.08pp | 3q | -8.4%-$105.9K | |
| HYATT HOTELS CORP | H | $1.2M | 5,943 | +0.09pp | 20q | -0.7%-$8.5K | |
| VANGUARD INDEX FDS | VUG | $1.1M | 13,240 | +0.33pp | 2q | +1569.6%+$1.1M | |
| DANAHER CORP DEL | DHR | $919.6K | 4,828 | -0.05pp | 22q | -0.9%-$8.6K | |
| INVESCO EXCH TRADED FD TR II | QQQM | $904.4K | 2,985 | - | new | NEW | |
| ROPER TECHNOLOGIES INC | ROP | $870.0K | 2,571 | -0.07pp | 22q | -2.2%-$19.6K | |
| RESMED INC | RMD | $813.0K | 4,172 | -0.11pp | 22q | -2.5%-$20.7K | |
| ALPHABET INC | GOOG | $757.9K | 2,145 | +0.04pp | 12q | +1.3%+$9.5K | |
| VERTEX PHARMACEUTICALS INC | VRTX | $745.1K | 1,500 | -0.01pp | 10q | -3.4%-$26.3K | |
| ROLLINS INC | ROL | $729.4K | 17,475 | -0.14pp | 22q | -2.1%-$15.5K | |
| CSW INDUSTRIALS INC | CSW | $690.2K | 2,480 | -0.01pp | 11q | -1.1%-$7.8K | |
| FIVE BELOW INC | FIVE | $686.8K | 3,820 | -0.13pp | 22q | -0.9%-$5.9K | |
| ISHARES TR | IVV | $653.0K | 872 | - | new | NEW | |
| LINDE PLC | LIN | $584.3K | 1,126 | -0.01pp | 3q | HELD | |
| TESLA INC | TSLA | $578.7K | 1,376 | -0.07pp | 4q | -23.7%-$179.6K | |
| BLACKSTONE INC | BX | $570.6K | 4,849 | -0.03pp | 13q | -4.0%-$23.5K | |
| APPLIED MATLS INC | AMAT | $545.1K | 754 | +0.10pp | 5q | -6.1%-$35.4K | |
| ENERPAC TOOL GROUP CORP | EPAC | $537.4K | 14,987 | -0.08pp | 9q | -16.7%-$107.5K | |
| WATERS CORP | WAT | $535.9K | 1,429 | +0.03pp | 13q | -1.0%-$5.3K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $490.4K | 657 | -0.15pp | 15q | -43.7%-$379.9K | |
| COPART INC | CPRT | $486.8K | 17,268 | -0.07pp | 22q | -1.9%-$9.2K | |
| NETFLIX INC | NFLX | $426.1K | 5,968 | - | new | NEW | |
| NORTHROP GRUMMAN CORP | NOC | $398.8K | 783 | -0.08pp | 13q | HELD | |
| FREEPORT-MCMORAN INC | FCX | $370.4K | 5,890 | -0.01pp | 2q | -3.9%-$15.0K | |
| MICRON TECHNOLOGY INC | MU | $368.2K | 319 | - | new | NEW | |
| NASDAQ INC | NDAQ | $341.4K | 4,332 | -0.03pp | 22q | -1.1%-$3.9K | |
| THERMO FISHER SCIENTIFIC INC | TMO | $316.9K | 632 | -0.10pp | 17q | -37.3%-$188.5K | |
| WISDOMTREE TR | NTSX | $281.4K | 4,766 | - | new | NEW | |
| BOEING CO | BA | $271.7K | 1,255 | flat | 13q | HELD | |
| INTEL CORP | INTC | $263.3K | 1,886 | - | new | NEW | |
| REPLIGEN CORP | RGEN | $238.4K | 1,747 | -0.02pp | 22q | -17.1%-$49.1K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $232.0K | 825 | - | new | NEW | |
| ALTRIA GROUP INC | MO | $212.5K | 2,953 | -0.06pp | 6q | -37.2%-$126.0K | |
| WISDOMTREE TR | WAMA | $208.1K | 7,951 | - | new | NEW | |
| CHUBB LIMITED | CB | $203.4K | 597 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Computer Hardware | $35.8M | 15.5% |
| Biotech & Pharma | $31.6M | 13.7% |
| Semiconductors & Electronics | $23.2M | 10.1% |
| Software & IT Services | $21.7M | 9.4% |
| Retail & Consumer | $19.9M | 8.6% |
| Industrials | $9.5M | 4.1% |
| Banks & Lending | $8.6M | 3.7% |
| Energy | $8.5M | 3.7% |
| Autos & Aerospace | $7.7M | 3.3% |
| Transport & Logistics | $6.9M | 3.0% |
| Business Services | $6.8M | 3.0% |
| Food, Drink & Tobacco | $6.4M | 2.8% |
| Other sectors | $35.8M | 15.6% |
| Not classified | $8.0M | 3.5% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $230.2M | 85 | 12 | 10 | 51 | 10 | 39.5% | 45 |
| Q1 2026 | $207.7M | 83 | 5 | 18 | 49 | 26 | 39.3% | 49 |
| Q4 2025 | $246.2M | 104 | 8 | 40 | 41 | 8 | 35.5% | 49 |
| Q3 2025 | $245.5M | 104 | 7 | 31 | 45 | 4 | 36.7% | 51 |
| Q2 2025 | $233.2M | 101 | 8 | 37 | 28 | 1 | 35.2% | 46 |
| Q1 2025 | $225.1M | 94 | 9 | 23 | 48 | 9 | 35.4% | 45 |
| Q4 2024 | $239.7M | 94 | 0 | 42 | 35 | 18 | 33.4% | 41 |
| Q3 2024 | $239.4M | 112 | 9 | 68 | 12 | 5 | 31.9% | 46 |
| Q2 2024 | $226.1M | 108 | 14 | 46 | 22 | 3 | 32.9% | 45 |
| Q1 2024 | $218.9M | 97 | 6 | 65 | 14 | 6 | 32.4% | 43 |
| Q4 2023 | $190.7M | 97 | 3 | 58 | 26 | 4 | 31.6% | 46 |
| Q3 2023 | $161.1M | 98 | 5 | 77 | 14 | 5 | 29.8% | 40 |
| Q2 2023 | $157.7M | 98 | 16 | 31 | 42 | 1 | 30.3% | 45 |
| Q1 2023 | $132.5M | 83 | 3 | 21 | 53 | 1 | 29.7% | 41 |
| Q4 2022 | $127.3M | 81 | 1 | 17 | 39 | 1 | 28.1% | 46 |
| Q3 2022 | $118.9M | 81 | 1 | 50 | 5 | 0 | 27.2% | 46 |
| Q2 2022 | $117.2M | 80 | 2 | 5 | 64 | 9 | 27.9% | 15 |
| Q1 2022 | $151.1M | 87 | 3 | 45 | 34 | 4 | 26.2% | 46 |
| Q4 2021 | $171.5M | 88 | 5 | 52 | 28 | 3 | 24.2% | 45 |
| Q2 2021 | $145.7M | 86 | 2 | 71 | 7 | 2 | 24.1% | 44 |
| Q1 2021 | $133.0M | 86 | 3 | 71 | 7 | 1 | 24.1% | 43 |
| Q4 2020 | $121.0M | 84 | 0 | 0 | 0 | 0 | 25.6% | 47 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.