Fund Holdings

Kensington Investment Counsel, LLC

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
CISCO SYS INC COM(CSCO)8,15471,387+63,233628,1035,538,9172.67%+4,910,814
SLB LIMITED COM STK(SLB)081,856+81,85604,206,5802.03%+4,206,580
HONEYWELL INTL INC COM(HON)2,53317,097+14,564494,1633,864,4351.86%+3,370,272
HALLIBURTON CO COM(HAL)082,440+82,44003,214,3361.55%+3,214,336
EXXON MOBIL CORP COM(XOM)5,44117,548+12,107654,7702,977,1941.43%+2,322,424
JOHNSON & JOHNSON COM(JNJ)26,66327,409+7465,517,9086,699,8563.23%+1,181,948
DELL TECHNOLOGIES INC CL C(DELL)14,48117,075+2,5941,822,8752,802,5311.35%+979,656
MERCK & CO INC COM(MRK)38,34639,225+8794,036,3004,718,3752.27%+682,075
TEXAS INSTRS INC COM(TXN)23,45123,176-2754,068,5134,499,3872.17%+430,874
PEPSICO INC COM(PEP)37,96337,471-4925,448,4775,818,9292.80%+370,452
FREEPORT MCMORAN INC CL B(FCX)06,129+6,1290360,2630.17%+360,263
VANGUARD GROWTH ETF0793+7930346,3740.17%+346,374
VANGUARD S&P 500 ETF0537+5370320,9090.15%+320,909
STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF3,9546,641+2,687569,257882,5890.42%+313,332
AMGEN INC COM(AMGN)18,07117,615-4565,914,8196,197,8382.98%+283,019
TESLA INC COM(TSLA)9201,803+883413,742670,2650.32%+256,523
ROSS STORES INC COM(ROST)7,5737,447-1261,364,2001,613,2440.78%+249,044
STATE STREET SPDR S&P 500 ETF(SPY)7471,166+419509,654757,9840.36%+248,330
REPUBLIC SVCS INC COM(RSG)27,41627,570+1545,810,2736,038,3812.91%+228,108
HOME DEPOT INC COM(HD)14,76016,107+1,3475,078,9165,297,4312.55%+218,515
GENERAL DYNAMICS CORP COM(GD)18,89319,116+2236,360,5176,560,9943.16%+200,477
UNION PAC CORP COM(UNP)11,87611,769-1072,747,1562,855,3951.37%+108,239
NOVARTIS AG SPONSORED ADR(NVS)8,7478,470-2771,205,9491,293,7930.62%+87,844
NORTHROP GRUMMAN CORP COM(NOC)7837830446,474534,1940.26%+87,720
DICKS SPORTING GOODS INC COM(DKS)4,7595,166+407942,1391,024,3660.49%+82,227
CHEVRON CORPORATION COM(CVX)1,3691,3690208,649283,2460.14%+74,597
CANADIAN NATL RY CO COM(CNI)33,83733,236-6013,344,7873,415,6641.64%+70,877
LINDE PLC SHS(LIN)1,1671,126-41497,597558,2260.27%+60,629
ALTRIA GROUP INC COM(MO)4,7044,7040271,233310,4170.15%+39,184
STATE STREET INDUSTRIAL SELECT SECTOR SPDR ETF1,7581,7580272,701284,3210.14%+11,620
SHERWIN WILLIAMS CO COM(SHW)4,7074,70701,525,2091,508,8290.73%-16,380
ILLINOIS TOOL WKS INC COM(ITW)4,7834,451-3321,178,0531,158,5510.56%-19,502
VERTEX PHARMACEUTICALS INC COM(VRTX)1,5741,553-21713,589693,4770.33%-20,112
BOEING CO COM(BA)1,2551,2550272,486249,7830.12%-22,703
SNAP ON INC COM(SNA)21,35920,151-1,2087,360,4207,319,3763.52%-41,044
STATE STREET CONSUMER DISCRETIONARY SELECT SECTOR SPDR ETF4,8654,8650580,930530,1880.26%-50,742
NIKE INC CL B(NKE)5,2095,2090331,865275,1390.13%-56,726
COSTCO WHOLESALE CORPORATION COM(COST)1,5621,269-2931,346,9751,264,4700.61%-82,505
COGNIZANT TECHNOLOGY SOLUTIONS CL A(CTSH)4,3974,008-389364,951245,8910.12%-119,060
PALO ALTO NETWORKS INC COM(PANW)4,7404,703-37873,108753,9850.36%-119,123
APPLIED MATLS INC COM1,661803-858426,860274,4570.13%-152,403
INVESCO QQQ TRUST SERIES I8,8499,106+2575,436,2495,255,7182.53%-180,531
SALESFORCE INC COM(CRM)1,9171,686-231507,832314,7260.15%-193,106
THERMO FISHER SCIENTIFIC INC COM(TMO)1,2131,008-205702,873495,4620.24%-207,411
APPFOLIO INC COM CL A(APPF)9000-900209,3850-209,385
MOVADO GROUP INC COM10,4280-10,428215,0250-215,025
BUCKLE INC COM(BKE)4,0950-4,095218,7550-218,755
DANAHER CORP DEL COM(DHR)5,0034,873-1301,145,287923,9210.44%-221,366
BERKSHIRE HATHAWAY INC DEL CL B NEW2,7482,401-3471,381,2821,150,5590.55%-230,723
NVIDIA CORPORATION COM(NVDA)31,33732,137+8005,844,3515,604,6932.70%-239,658
INTERNATIONAL BUSINESS MACHS COM(IBM)8250-825244,3730-244,373
FIVE BELOW INC COM(FIVE)6,0823,853-2,2291,145,606880,3330.42%-265,273
AVALONBAY CMNTYS INC COM14,33014,197-1332,598,1722,319,0801.12%-279,092
ABBVIE INC COM(ABBV)37,02137,513+4928,458,9288,158,7023.93%-300,226
WEST PHARMACEUTICAL SVSC INC COM(WST)1,0970-1,097301,8290-301,829
BLACKSTONE INC COM(BX)5,7835,049-734891,392580,5850.28%-310,807
CHURCH & DWIGHT CO INC COM(CHD)25,17319,249-5,9242,110,7561,796,3170.86%-314,439
ELI LILLY & CO COM(LLY)2,0412,04102,193,4221,877,2510.90%-316,171
AMPHENOL CORP CL A2,4000-2,400324,3360-324,336
ADVANCED MICRO DEVICES INC COM(AMD)3,8632,231-1,632827,300453,8520.22%-373,448
MASTERCARD INCORPORATED CL A(MA)5,3275,32703,041,0782,661,6891.28%-379,389
BROADCOM INC COM(AVGO)6,7776,327-4502,345,5201,958,2700.94%-387,250
BIO-TECHNE CORP COM(TECH)7,2930-7,293428,9010-428,901
FORTINET INC COM(FTNT)5,6370-5,637447,6340-447,634
MONSTER BEVERAGE CORP NEW COM(MNST)20,08014,901-5,1791,539,5341,079,7260.52%-459,808
LITTELFUSE INC COM(LFUS)1,8310-1,831463,0970-463,097
AMETEK INC COM11,8939,133-2,7602,441,7521,957,7500.94%-484,002
RESMED INC COM(RMD)6,0194,278-1,7411,449,797960,3250.46%-489,472
PALANTIR TECHNOLOGIES INC CL A(PLTR)2,7910-2,791496,1000-496,100
WATSCO INC COM(WSO)15,97113,372-2,5995,381,4284,864,6002.34%-516,828
JPMORGAN CHASE & CO COM(JPM)26,86327,593+7308,655,7968,116,7573.91%-539,039
ZOETIS INC CL A(ZTS)4,3250-4,325544,1720-544,172
META PLATFORMS INC CL A(META)3,4172,988-4292,255,5281,709,5240.82%-546,004
UNITEDHEALTH GROUP INC COM(UNH)8,5618,398-1632,826,0722,272,4151.09%-553,657
REPLIGEN CORP COM(RGEN)5,2412,107-3,134858,790248,2470.12%-610,543
MARKEL GROUP INC COM(MKL)909694-2151,954,0321,328,3650.64%-625,667
ALPHABET INC CAP STK CL A(GOOG)17,42916,678-7515,455,2774,795,9262.31%-659,351
HYATT HOTELS CORP COM CL A(H)9,9635,987-3,9761,597,268860,8710.41%-736,397
ADOBE INC COM(ADBE)2,1710-2,171759,8280-759,828
ROLLINS INC COM(ROL)29,08517,847-11,2381,745,682953,2080.46%-792,474
AMAZON COM INC COM(AMZN)12,2849,733-2,5512,835,3932,027,0920.98%-808,301
ALPHABET INC CAP STK CL C(GOOG)4,5272,118-2,4091,420,573607,5690.29%-813,004
TYLER TECHNOLOGIES INC COM(TYL)1,8920-1,892858,8730-858,873
COOPER COS INC COM(COO)10,9390-10,939896,5600-896,560
ZSCALER INC COM(ZS)4,0850-4,085918,7980-918,798
WATERS CORP COM(WAT)3,5651,443-2,1221,354,094429,7250.21%-924,369
THE TRADE DESK INC COM CL A(TTD)25,1820-25,182955,9090-955,909
SS&C TECHNOLOGIES HLDGS INC COM(SSNC)11,1250-11,125972,5480-972,548
ENERPAC TOOL GROUP CORP CL A COM(EPAC)42,89317,986-24,9071,640,231655,9520.32%-984,279
NASDAQ INC COM(NDAQ)14,4134,381-10,0321,399,935371,9030.18%-1,028,032
TRANSMEDICS GROUP INC COM(TMDX)15,5848,291-7,2931,895,794824,2080.40%-1,071,586
FACTSET RESH SYS INC COM(FDS)3,8340-3,8341,112,5880-1,112,588
QUALCOMM INC COM(QCOM)27,36127,449+884,680,0993,534,8821.70%-1,145,217
CARGURUS INC COM CL A(CARG)30,8190-30,8191,181,9090-1,181,909
CSW INDUSTRIALS INC COM(CSW)6,2542,508-3,7461,835,737653,5350.31%-1,182,202
INTUIT COM(INTU)1,8220-1,8221,206,9290-1,206,929
EXLSERVICE HOLDINGS INC COM(EXLS)29,8020-29,8021,264,7970-1,264,797
PAYPAL HLDGS INC COM(PYPL)22,9210-22,9211,338,1360-1,338,136
BROADRIDGE FINL SOLUTIONS INC COM(BR)20,93420,258-6764,671,8413,291,5201.58%-1,380,321
APPLE INC COM(AAPL)62,64461,300-1,34417,030,44815,557,3277.49%-1,473,121
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