Fund HoldingsKensington Investment Counsel, LLC

Total Portfolio Value
$246.19M
Total Bought
$18.50M
Total Sold
$19.93M
Net Transaction
-$1.43M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
APPLE INC COM(AAPL)61,25062,644+1,39415,59617,0306.92%+1,434
CARGURUS INC COM CL A(CARG)030,819+30,81901,1820.48%+1,182
ALPHABET INC CAP STK CL A(GOOG)17,63217,429-2034,2865,4552.22%+1,169
AMGEN INC COM(AMGN)17,08118,071+9904,8205,9152.40%+1,095
MERCK & CO INC COM(MRK)35,79938,346+2,5473,0054,0361.64%+1,032
META PLATFORMS INC CL A(META)1,8363,417+1,5811,3482,2560.92%+907
AMAZON COM INC COM(AMZN)9,35712,284+2,9272,0552,8351.15%+781
JOHNSON & JOHNSON COM(JNJ)25,56626,663+1,0974,7405,5182.24%+777
ELI LILLY & CO COM(LLY)2,0112,041+301,5342,1930.89%+659
STATE STREET CONSUMER DISCRETIONARY SELECT SECTOR SPDR ETF
ST STR DISCR ETF
04,865+4,86505810.24%+581
PAYPAL HLDGS INC COM(PYPL)11,31722,921+11,6047591,3380.54%+579
STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF
ST STR TECHN ETF
03,954+3,95405690.23%+569
ALPHABET INC CAP STK CL C(GOOG)3,5434,527+9848631,4210.58%+558
ZOETIS INC CL A(ZTS)04,325+4,32505440.22%+544
NVIDIA CORPORATION COM(NVDA)28,46131,337+2,8765,3105,8442.37%+534
INVESCO QQQ TRUST SERIES I8,1908,849+6594,9175,4362.21%+519
LINDE PLC SHS(LIN)01,167+1,16704980.20%+498
HONEYWELL INTL INC COM(HON)02,533+2,53304940.20%+494
COSTCO WHOLESALE CORPORATION COM(COST)9631,562+5998911,3470.55%+456
FORTINET INC COM(FTNT)05,637+5,63704480.18%+448
BROADCOM INC COM(AVGO)5,8156,777+9621,9182,3460.95%+427
PEPSICO INC COM(PEP)35,79637,963+2,1675,0275,4482.21%+421
QUALCOMM INC COM(QCOM)26,32127,361+1,0404,3794,6801.90%+301
COOPER COS INC COM(COO)8,99610,939+1,9436178970.36%+280
PALANTIR TECHNOLOGIES INC CL A(PLTR)1,2192,791+1,5722224960.20%+274
STATE STREET INDUSTRIAL SELECT SECTOR SPDR ETF
ST STR INDL ETF
01,758+1,75802730.11%+273
CANADIAN NATL RY CO COM(CNI)32,65033,837+1,1873,0793,3451.36%+266
ADVANCED MICRO DEVICES INC COM(AMD)3,5673,863+2965778270.34%+250
JPMORGAN CHASE & CO COM(JPM)26,69026,863+1738,4198,6563.52%+237
NASDAQ INC COM(NDAQ)13,35014,413+1,0631,1811,4000.57%+219
TESLA INC COM(TSLA)473920+4472104140.17%+203
ROSS STORES INC COM(ROST)7,6327,573-591,1631,3640.55%+201
GENERAL DYNAMICS CORP COM(GD)18,18918,893+7046,2026,3612.58%+158
CISCO SYS INC COM(CSCO)7,0548,154+1,1004836280.26%+145
DANAHER CORPORATION COM(DHR)5,1175,003-1141,0141,1450.47%+131
APPLIED MATLS INC COM1,4651,661+1963004270.17%+127
WATERS CORP COM(WAT)4,1093,565-5441,2321,3540.55%+122
VERTEX PHARMACEUTICALS INC COM(VRTX)1,5261,574+485987140.29%+116
THERMO FISHER SCIENTIFIC INC COM(TMO)1,2191,213-65917030.29%+112
BERKSHIRE HATHAWAY INC DEL CL B NEW2,5502,748+1981,2821,3810.56%+99
ADOBE INC COM(ADBE)1,9042,171+2676727600.31%+88
ABBVIE INC COM(ABBV)36,16337,021+8588,3738,4593.44%+86
NOVARTIS AG SPONSORED ADR(NVS)8,7478,74701,1221,2060.49%+84
COGNIZANT TECHNOLOGY SOLUTIONS CL A(CTSH)4,3974,39702953650.15%+70
SALESFORCE INC COM(CRM)1,9171,91704545080.21%+54
UNION PAC CORP COM(UNP)11,40611,876+4702,6962,7471.12%+51
MONSTER BEVERAGE CORP NEW COM(MNST)22,12020,080-2,0401,4891,5400.63%+51
EXXON MOBIL CORP COM5,4415,44106136550.27%+41
AMPHENOL CORP CL A2,4002,40002973240.13%+27
MOVADO GROUP INC COM(MOV)10,62110,428-1932012150.09%+14
CSW INDUSTRIALS INC COM(CSW)7,5116,254-1,2571,8231,8360.75%+12
STATE STREET SPDR S&P 500 ETF(SPY)74774704985100.21%+12
INTERNATIONAL BUSINESS MACHS COM(IBM)82582502332440.10%+12
AMETEK INC COM12,94411,893-1,0512,4332,4420.99%+8
BOEING CO COM(BA)1,2551,25502712720.11%+2
INTUIT COM(INTU)1,7681,822+541,2071,2070.49%-0
FIVE BELOW INC COM(FIVE)7,4166,082-1,3341,1471,1460.47%-2
TEXAS INSTRS INC COM(TXN)22,15323,451+1,2984,0704,0691.65%-2
AVALONBAY CMNTYS INC COM014,330+14,33002,5981.06%+2,598
BUCKLE INC COM(BKE)4,1734,095-782452190.09%-26
TRANSMEDICS GROUP INC COM(TMDX)17,16515,584-1,5811,9261,8960.77%-30
NORTHROP GRUMMAN CORP COM(NOC)78378304774460.18%-31
NIKE INC CL B(NKE)5,2095,20903633320.13%-31
SNAP ON INC COM(SNA)21,33121,359+287,3927,3602.99%-32
MASTERCARD INCORPORATED CL A(MA)5,4045,327-773,0743,0411.24%-33
APPFOLIO INC COM CL A(APPF)90090002482090.09%-39
HYATT HOTELS CORP COM CL A(H)11,5539,963-1,5901,6401,5970.65%-42
WEST PHARMACEUTICAL SVSC INC COM(WST)1,3621,097-2653573020.12%-55
PALO ALTO NETWORKS INC COM(PANW)4,5654,740+1759308730.35%-56
UNITEDHEALTH GROUP INC COM(UNH)8,3658,561+1962,8882,8261.15%-62
ILLINOIS TOOL WKS INC COM(ITW)4,7834,78301,2471,1780.48%-69
MARKEL GROUP INC COM(MKL)1,059909-1502,0241,9540.79%-70
ALTRIA GROUP INC COM(MO)5,1744,704-4703422710.11%-71
CHEVRON CORPORATION COM(CVX)1,8091,369-4402812090.08%-72
BLACKSTONE INC COM(BX)5,7535,783+309838910.36%-92
COPART INC COM(CPRT)53,71659,113+5,3972,4162,3140.94%-101
BROADRIDGE FINL SOLUTIONS INC COM(BR)20,09120,934+8434,7854,6721.90%-113
ROPER TECHNOLOGIES INC COM(ROP)5,2705,635+3652,6282,5081.02%-120
DICKS SPORTING GOODS INC COM(DKS)4,8684,759-1091,0829420.38%-140
SHERWIN WILLIAMS CO COM(SHW)4,8224,707-1151,6701,5250.62%-144
LITTELFUSE INC COM(LFUS)2,3461,831-5156084630.19%-145
OAKTREE SPECIALTY LENDING CORP COM(OCSL)11,5470-11,5471510-151
BLUE OWL CAPITAL CORPORATION COM(OBDC)11,9710-11,9711530-153
ARBOR REALTY TRUST INC COM12,9510-12,9511580-158
GOLUB CAP BDC INC COM(GBDC)11,9660-11,9661640-164
ACCENTURE PLC IRELAND SHS CLASS A
SHS CLASS A
012,881+12,88103,4561.40%+3,456
SERVICENOW INC COM(NOW)2260-2262080-208
SS&C TECHNOLOGIES HLDGS INC COM(SSNC)13,36611,125-2,2411,1869730.40%-214
REPLIGEN CORP COM(RGEN)8,0925,241-2,8511,0828590.35%-223
ROLLINS INC COM(ROL)33,59629,085-4,5111,9731,7460.71%-228
EXLSERVICE HOLDINGS INC COM(EXLS)34,18729,802-4,3851,5051,2650.51%-240
REPUBLIC SVCS INC COM(RSG)26,40527,416+1,0116,0595,8102.36%-249
DELL TECHNOLOGIES INC CL C(DELL)14,73014,481-2492,0881,8230.74%-265
COINBASE GLOBAL INC COM CL A(COIN)8080-8082730-273
TYLER TECHNOLOGIES INC COM(TYL)2,1861,892-2941,1448590.35%-285
CHURCH & DWIGHT CO INC COM(CHD)28,08425,173-2,9112,4612,1110.86%-350
ENERPAC TOOL GROUP CORP CL A COM(EPAC)49,28442,893-6,3912,0211,6400.67%-380
BIO-TECHNE CORP COM(TECH)14,6027,293-7,3098124290.17%-383
RESMED INC COM(RMD)6,7136,019-6941,8381,4500.59%-388
CROWDSTRIKE HLDGS INC CL A(CRWD)6,1515,430-7213,0162,5451.03%-471
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