# Concord Investment Counsel Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2022154. Source: https://holderbook.com/funds/2022154-concord-investment-counsel-inc/

- Reported value: $366.4M
- Positions: 50
- Weight of the ten largest: 57.1%
- Filed: 2026-08-12

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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $38.9M | 194,352 | 10.6% | 5 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $25.5M | 137,693 | 7.0% | 5 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $25.1M | 106,190 | 6.9% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $23.0M | 65,560 | 6.3% | 5 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $22.7M | 81,038 | 6.2% | 5 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $19.5M | 45,253 | 5.3% | 2 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $15.6M | 21,128 | 4.2% | 5 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $14.1M | 22,108 | 3.8% | 5 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $12.7M | 238,584 | 3.5% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $12.0M | 36,656 | 3.3% | 5 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $12.0M | 210,638 | 3.3% | 5 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $11.6M | 20,644 | 3.2% | 5 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $11.5M | 60,531 | 3.1% | 5 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $10.7M | 30,114 | 2.9% | 5 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $10.4M | 24,488 | 2.8% | 4 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $10.3M | 27,677 | 2.8% | 5 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $10.0M | 24,054 | 2.7% | 5 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $9.3M | 130,572 | 2.5% | 5 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $7.8M | 22,642 | 2.1% | 5 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $6.7M | 5,611 | 1.8% | 4 |
| ROYAL CARIBBEAN GROUP | [RCL](https://holderbook.com/stocks/RCL/) | $6.4M | 20,222 | 1.8% | 5 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $5.6M | 110,745 | 1.5% | 1 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $5.3M | 43,657 | 1.5% | 1 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $5.2M | 27,445 | 1.4% | 5 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $5.1M | 13,528 | 1.4% | 2 |
| ISHARES TR | [IHE](https://holderbook.com/stocks/IHE/) | $4.9M | 49,456 | 1.3% | 5 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $4.5M | 4,818 | 1.2% | 4 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $4.5M | 53,923 | 1.2% | 5 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $4.1M | 59,281 | 1.1% | 2 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $3.2M | 12,685 | 0.9% | 3 |
| ISHARES TR | [IHI](https://holderbook.com/stocks/IHI/) | $2.1M | 42,288 | 0.6% | 5 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $1.2M | 15,553 | 0.3% | 5 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $644.8K | 6,822 | 0.2% | 5 |
| ISHARES TR | [IYE](https://holderbook.com/stocks/IYE/) | $614.4K | 10,857 | 0.2% | 5 |
| PROSHARES TR | [NOBL](https://holderbook.com/stocks/NOBL/) | $587.7K | 10,464 | 0.2% | 1 |
| PIMCO ETF TR | [HYS](https://holderbook.com/stocks/HYS/) | $446.1K | 4,770 | 0.1% | 1 |
| FIDELITY COMWLTH TR | [ONEQ](https://holderbook.com/stocks/ONEQ/) | $414.0K | 4,059 | 0.1% | 1 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $380.3K | 2,294 | 0.1% | 4 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $363.6K | 1,909 | 0.1% | 5 |
| PCM FD INC | [PCM](https://holderbook.com/stocks/PCM/) | $358.5K | 64,246 | 0.1% | 5 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $205.0K | 1,110 | 0.1% | 5 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $193.2K | 1,318 | 0.1% | 5 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $140.8K | 1,033 | 0.0% | 5 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $124.7K | 2,714 | 0.0% | 4 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $105.2K | 394 | 0.0% | 1 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $76.1K | 2,186 | 0.0% | 4 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $59.7K | 515 | 0.0% | 1 |
| INVESCO EXCHANGE TRADED FD T | [PNQI](https://holderbook.com/stocks/PNQI/) | $59.4K | 1,304 | 0.0% | 1 |
| ISHARES TR | [CMF](https://holderbook.com/stocks/CMF/) | $39.3K | 681 | 0.0% | 1 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $8.9K | 76 | 0.0% | 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 | +18.6% | +14.8% | +3.8% | 100% |
| Q1 2026 | -4.9% | -4.6% | -0.2% | 100% |
| Q4 2025 | +2.0% | +2.4% | -0.4% | 100% |
| Q2 2024 | +7.8% | +4.0% | +3.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $366.4M | 50 |
| Q1 2026 | $297.0M | 41 |
| Q4 2025 | $307.9M | 40 |
| Q3 2025 | $315.0M | 39 |
| Q1 2024 | $277.0M | 53 |