1y return+13.4%S&P 500 +20.9%
3y return+51.7%S&P 500 +68.5%
5y return+41.6%S&P 500 +74.5%
10y return+179.9%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $280 against $357 in the S&P 500.2
Carnegie Investment CounselS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| GOOGLAlphabet Inc | $189.9M | 3.8% | −10.4% |
| AAPLApple Inc | $175.8M | 3.5% | −8.6% |
| MSFTMicrosoft Corp | $145.9M | 2.9% | −7.5% |
| AVGOBroadcom Inc | $129.4M | 2.6% | −4.1% |
| JPMJpmorgan Chase & Co | $119.9M | 2.4% | −10.9% |
| NVDANvidia Corporation | $108.9M | 2.2% | −16.6% |
| AMZNAmazon Com Inc | $103.0M | 2.1% | −10.9% |
| BRK/BBerkshire Hathaway Inc Del | $96.3M | 1.9% | −1.0% |
| AMATApplied Matls Inc | $80.7M | 1.6% | −32.6% |
| METAMeta Platforms Inc | $78.3M | 1.6% | −12.7% |
| GOOGAlphabet Inc | $77.3M | 1.5% | −5.3% |
| Eaton Corp PLCCUSIP G29183103 | $70.5M | 1.4% | −13.8% |
| SYKStryker Corporation | $70.2M | 1.4% | −5.9% |
| MAMastercard Incorporated | $69.8M | 1.4% | −2.0% |
| SCHWSchwab Charles Corp | $66.9M | 1.3% | −11.6% |
| XLKSelect Sector Spdr Tr | $65.7M | 1.3% | −2.0% |
| Chubb LimitedCUSIP H1467J104 | $63.8M | 1.3% | +19.7% |
| PGRProgressive Corp | $57.7M | 1.2% | −7.3% |
| VVisa Inc | $55.1M | 1.1% | −12.6% |
| SPTISpdr Series Trust | $52.3M | 1.0% | |
| IQLTIshares Tr | $50.3M | 1.0% | +7.1% |
| HDHome Depot Inc | $48.2M | 1.0% | −7.7% |
| LNTAlliant Energy Corp | $47.4M | 0.9% | +1.7% |
| SHWSherwin Williams Co | $47.2M | 0.9% | −10.4% |
| ABBVAbbvie Inc | $43.7M | 0.9% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $108.9M |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $129.4M |
| AMATApplied Matls Inc | June 30, 2020 | +1096.1% | $80.7M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $189.9M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $77.3M |
| Eaton Corp PLCCUSIP G29183103 | June 30, 2020 | +387.1% | $70.5M |
| XLKSelect Sector Spdr Tr | June 30, 2020 | +264.7% | $65.7M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $119.9M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $175.8M |
| BRK/BBerkshire Hathaway Inc Del | June 30, 2020 | +180.3% | $96.3M |
Sold off last quarter
- GRALGrail Inc was $11.2M
- CRCLCircle Internet Group Inc was $6.9M
- Honeywell Intl IncCUSIP 438516106 was $4.2M
- CVNACarvana Co was $1.8M
- TEAMAtlassian Corporation was $1.3M
- BSJVInvesco Exch Trd Slf Idx Fd was $1.2M
- GBTCGrayscale Bitcoin Trust Etf was $1.0M
- BOOTBoot Barn Hldgs Inc was $748K
- Hologic IncCUSIP 436440101 was $716K
- EZPWEzcorp Inc was $667K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +10.0% | +14.8% |
| March 31, 2026 | −3.8% | −4.6% |
| December 31, 2025 | +0.4% | +2.4% |
| September 30, 2025 | +6.8% | +7.8% |
| June 30, 2025 | +9.1% | +10.5% |
| March 31, 2025 | −3.5% | −4.6% |
| December 31, 2024 | +0.6% | +2.1% |
| September 30, 2024 | +6.1% | +5.4% |
| June 30, 2024 | +1.2% | +4.0% |
| March 31, 2024 | +9.2% | +10.0% |
| December 31, 2023 | +11.8% | +11.2% |
| September 30, 2023 | −3.7% | −3.6% |
| June 30, 2023 | +7.1% | +8.3% |
| March 31, 2023 | +5.9% | +7.0% |
| December 31, 2022 | +7.2% | +7.1% |
| September 30, 2022 | −5.0% | −5.3% |
| June 30, 2022 | −16.6% | −16.5% |
| March 31, 2022 | −9.0% | −4.9% |
| December 31, 2021 | +6.8% | +10.7% |
| September 30, 2021 | −0.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Carnegie Investment Counsel Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1511506&type=13F-HR&dateb=&owner=include&count=40CIK 1511506
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1511506/000151150626000005/Filed July 30, 2026 · accession 0001511506-26-000005