CIK: 0001620081
Total reported value
$255.0M
Reporting period: 2026-03-31 · Number of holdings: 78
Long Road Investment Counsel, LLC disclosed 78 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $255.0M and a quarterly turnover rate of 16.4%.
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Long Road Investment Counsel, LLC's disclosed holdings carry a Herfindahl concentration index of 0.036 — mathematically equivalent to about 28 equally-sized positions, well below its 78 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.35), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Trim 68389x105
+1.9% -$2.9M
Add FAST
+2.6% $1.8M
Add ORLY
+2.9% $1.1M
Trim ADP
+4.4% -$2.3M
Add ITW
+2.7% $786.4K
Trim IDXX
0.0% -$1.3M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ORLY | O'reilly Automotive INC | Stock-Consumer Disc | 10.98% | +0.80% | +2.88% | |
| 2 | SYK | Stryker CORP | Stock-Healthcare | 5.53% | -0.14% | +0.94% | |
| 3 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 5.49% | -0.17% | +2.52% | |
| 4 | ✓ | Alphabet Inc. | Stock-Other | 5.23% | -0.13% | +2.65% | |
| 5 | FAST | Fastenal Co | Stock-Industrials | 4.51% | +0.84% | +2.65% | |
| 6 | ADP | Automatic Data Processing | Stock-Tech | 4.26% | -0.73% | +4.36% | |
| 7 | ITW | Illinois Tool Works | Stock-Industrials | 3.94% | +0.43% | +2.66% | |
| 8 | ✓ | Oracle Corporation | Stock-Other | 3.79% | -0.97% | +1.86% | |
| 9 | ✓ | Intercontinental Exchange, Inc. | Stock-Other | 3.13% | — | +2.32% | |
| 10 | AAPL | Apple INC | Stock-Tech | 2.90% | +0.19% | +10.65% | |
| 11 | IDXX | Idexx Laboratories INC | Stock-Healthcare | 2.49% | -0.41% | — | |
| 12 | SBUX | Starbucks CORP | Stock-Consumer Disc | 2.41% | +0.34% | +5.54% | |
| 13 | ✓ | Rb Global INC | Stock-Other | 2.19% | — | +4.12% | |
| 14 | EXPD | Expeditors Intl Wash INC | Stock-Industrials | 2.08% | -0.01% | — | |
| 15 | AFL | Aflac INC | Stock-Financials | 1.92% | +0.14% | +4.69% | |
| 16 | PEP | Pepsico INC | Stock-Consumer Staples | 1.74% | +0.26% | +5.39% | |
| 17 | APD | Air Products & Chemicals INC | Stock-Materials | 1.70% | +0.33% | +2.05% | |
| 18 | AMG | Affiliated Managers Group | Stock-Financials | 1.69% | -0.01% | — | |
| 19 | WEX | Wex INC | Stock-Tech | 1.68% | +0.13% | +2.19% | |
| 20 | GE | General Electric | Stock-Industrials | 1.59% | -0.08% | — | |
| 21 | OMC | Omnicom Group | Stock-Comm Services | 1.52% | -0.02% | +2.39% | |
| 22 | TMO | Thermo Fisher Scientific INC | Stock-Healthcare | 1.49% | -0.20% | — | |
| 23 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.42% | +0.29% | +2.78% | |
| 24 | GILD | Gilead Sciences INC | Stock-Healthcare | 1.36% | +0.25% | +4.18% | |
| 25 | ✓ | GE Vernova | Stock-Other | 1.22% | +1.22% | NEW | |
| 26 | DORM | Dorman Products INC | Stock-Consumer Disc | 1.16% | -0.16% | — | |
| 27 | STT | State Street CORP | Stock-Financials | 1.09% | — | — | |
| 28 | ✓ | Broadridge Financial Solutions, Inc. | Stock-Other | 1.08% | -0.35% | — | |
| 29 | BDX | Becton Dickinson And Co | Stock-Healthcare | 1.01% | -0.17% | +1.87% | |
| 30 | BWA | Borgwarner INC | Stock-Consumer Disc | 1.00% | +0.20% | — | |
| 31 | EL | Estee Lauder Companies-cl A | Stock-Consumer Staples | 0.97% | -0.32% | +6.16% | |
| 32 | CAKE | Cheesecake Factory Inc/the | Stock-Consumer Disc | 0.94% | +0.12% | +1.86% | |
| 33 | CTAS | Cintas CORP | Stock-Industrials | 0.92% | -0.06% | — | |
| 34 | INTU | Intuit INC | Stock-Tech | 0.74% | -0.23% | +12.92% | |
| 35 | ✓ | State Street SPDR S&P 500 ETF Trust | ETF-Large Cap & Growth | 0.68% | — | — | |
| 36 | ✓ | Fidelity National Financial, Inc. | Stock-Other | 0.68% | +0.68% | NEW | |
| 37 | MSFT | Microsoft CORP | Stock-Tech | 0.66% | -0.18% | — | |
| 38 | MCO | Moody's CORP | Stock-Financials | 0.63% | -0.08% | — | |
| 39 | ✓ | Accenture plc | Stock-Other | 0.57% | -0.18% | — | |
| 40 | GEN | Gen Digital INC | Stock-Tech | 0.56% | -0.20% | +3.38% | |
| 41 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.56% | — | — | |
| 42 | ABT | Abbott Laboratories | Stock-Healthcare | 0.55% | — | +12.65% | |
| 43 | ✓ | AbbVie Inc. | Stock-Other | 0.54% | +0.54% | NEW | |
| 44 | EFA | Ishares Msci Eafe ETF | ETF-Other | 0.52% | — | +2.25% | |
| 45 | WDAY | Workday Inc-class A | Stock-Tech | 0.48% | -0.28% | — | |
| 46 | SYY | Sysco CORP | Stock-Consumer Staples | 0.46% | +0.11% | +30.17% | |
| 47 | ✓ | J P Morgan Chase And Co | Stock-Other | 0.45% | — | — | |
| 48 | ✓ | Standard BioTools Inc. | Stock-Other | 0.45% | — | — | |
| 49 | EFX | Equifax INC | Stock-Industrials | 0.42% | — | +42.18% | |
| 50 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.41% | — | +4.39% |
Performance for Q3 2026
+3.1%
Performance Last 4 Quarters
+6.8%
Based on 67% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 78 | $255.0M | 16 | |
| 2025-12-31 | 79 | $264.0M | 36 | |
| 2025-09-30 | 80 | $282.5M | 33 | |
| 2025-06-30 | 80 | $267.8M | 0 | |
| 2025-03-31 | 80 | $257.7M | 100 | |
| 2024-12-31 | 71 | $245.1M | 0 | |
| 2024-09-30 | 71 | $251.2M | 0 | |
| 2024-06-30 | 71 | $229.7M | 0 | |
| 2024-03-31 | 70 | $238.4M | 0 | |
| 2023-12-31 | 69 | $240.9M | 0 | |
| 2023-09-30 | 68 | $206.1M | 0 | |
| 2023-06-30 | 67 | $214.7M | 0 | |
| 2023-03-31 | 68 | $207.7M | 0 | |
| 2022-12-31 | 69 | $201.3M | 0 | |
| 2022-09-30 | 67 | $182.5M | 0 | |
| 2022-06-30 | 69 | $195.0M | 0 | |
| 2022-03-31 | 69 | $222.5M | 0 | |
| 2021-12-31 | 77 | $251.9M | 0 | |
| 2021-09-30 | 74 | $227.3M | 0 | |
| 2021-06-30 | 74 | $229.0M | 100 | |
| 2021-03-31 | 71 | $221.9M | 15 | |
| 2020-12-31 | 71 | $206.0M | 31 | |
| 2020-09-30 | 65 | $177.4M | 20 | |
| 2020-06-30 | 66 | $169.6M | 31 | |
| 2020-03-31 | 65 | $139.8M | 26 | |
| 2019-12-31 | 65 | $169.3M | 21 | |
| 2019-09-30 | 71 | $172.0M | 14 | |
| 2019-06-30 | 72 | $169.6M | 42 | |
| 2019-03-31 | 73 | $163.3M | 57 | |
| 2018-12-31 | 64 | $130.8M | 21 | |
| 2018-09-30 | 70 | $150.5M | 39 | |
| 2018-06-30 | 68 | $141.0M | 43 | |
| 2018-03-31 | 70 | $143.3M | 15 | |
| 2017-12-31 | 70 | $144.7M | 21 | |
| 2017-09-30 | 74 | $140.5M | 14 | |
| 2017-06-30 | 72 | $135.9M | 29 | |
| 2017-03-31 | 69 | $135.7M | 19 | |
| 2016-12-31 | 70 | $130.1M | 40 | |
| 2016-09-30 | 68 | $129.5M | 12 | |
| 2016-06-30 | 69 | $127.6M | 26 | |
| 2016-03-31 | 71 | $127.3M | 10 | |
| 2015-12-31 | 70 | $121.6M | 14 | |
| 2015-09-30 | 69 | $117.2M | 19 | |
| 2015-06-30 | 71 | $122.7M | 10 | |
| 2015-03-31 | 69 | $117.9M | 16 | |
| 2014-12-31 | 68 | $111.2M | — |
Long Road Investment Counsel, LLC's most significant position changes for 2026-03-31: New buy: GE Vernova; Sold out: Fidelity National Info Serv (FIS); Sold out: GE Vernova INC (GEV); New buy: Fidelity National Financial, Inc.; New buy: AbbVie Inc..
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | FAST | Fastenal Co | +0.8% | +2.65% | Add |
| 2 | ORLY | O'reilly Automotive INC | +0.8% | +2.88% | Add |
| 3 | ITW | Illinois Tool Works | +0.4% | +2.66% | Add |
| 4 | SBUX | Starbucks CORP | +0.3% | +5.54% | Add |
| 5 | APD | Air Products & Chemicals INC | +0.3% | +2.05% | Add |
| 6 | JNJ | Johnson & Johnson | +0.3% | +2.78% | Add |
| 7 | PEP | Pepsico INC | +0.3% | +5.39% | Add |
| 8 | GILD | Gilead Sciences INC | +0.3% | +4.18% | Add |
| 9 | BWA | Borgwarner INC | +0.2% | — | Unchanged |
| 10 | AAPL | Apple INC | +0.2% | +10.65% | Add |
| 11 | AFL | Aflac INC | +0.1% | +4.69% | Add |
| 12 | WEX | Wex INC | +0.1% | +2.19% | Add |
| 13 | CAKE | Cheesecake Factory Inc/the | +0.1% | +1.86% | Add |
| 14 | SYY | Sysco CORP | +0.1% | +30.17% | Add |
| 15 | ✓ | Exxon Mobil Corporation | +0.1% | — | Unchanged |
| 16 | EXPD | Expeditors Intl Wash INC | 0% | — | Unchanged |
| 17 | AMG | Affiliated Managers Group | 0% | — | Unchanged |
| 18 | OMC | Omnicom Group | 0% | +2.39% | Add |
| 19 | CTAS | Cintas CORP | -0.1% | — | Unchanged |
| 20 | BOOT | Boot Barn Holdings INC | -0.1% | — | Unchanged |
| 21 | PYPL | Paypal Holdings INC | -0.1% | — | Unchanged |
| 22 | GE | General Electric | -0.1% | — | Unchanged |
| 23 | MCO | Moody's CORP | -0.1% | — | Unchanged |
| 24 | ✓ | Alphabet Inc. | -0.1% | +2.65% | Add |
| 25 | SYK | Stryker CORP | -0.1% | +0.94% | Add |
| 26 | DORM | Dorman Products INC | -0.2% | — | Unchanged |
| 27 | GOOG | Alphabet Inc-cl C | -0.2% | +2.52% | Add |
| 28 | BDX | Becton Dickinson And Co | -0.2% | +1.87% | Add |
| 29 | MSFT | Microsoft CORP | -0.2% | — | Unchanged |
| 30 | ✓ | Accenture plc | -0.2% | — | Unchanged |
| 31 | TMO | Thermo Fisher Scientific INC | -0.2% | — | Unchanged |
| 32 | GEN | Gen Digital INC | -0.2% | +3.38% | Add |
| 33 | INTU | Intuit INC | -0.2% | +12.92% | Add |
| 34 | WDAY | Workday Inc-class A | -0.3% | — | Unchanged |
| 35 | EL | Estee Lauder Companies-cl A | -0.3% | +6.16% | Add |
| 36 | ✓ | Broadridge Financial Solutions, Inc. | -0.4% | — | Unchanged |
| 37 | IDXX | Idexx Laboratories INC | -0.4% | — | Unchanged |
| 38 | ADP | Automatic Data Processing | -0.7% | +4.36% | Add |
| 39 | ✓ | Oracle Corporation | -1% | +1.86% | Add |
| 40 | ✓ | GE Vernova | — | NEW | New buy |
| 41 | FIS | Fidelity National Info Serv | — | EXIT | Sold out |
| 42 | GEV | GE Vernova INC | — | EXIT | Sold out |
| 43 | ✓ | Fidelity National Financial, Inc. | — | NEW | New buy |
| 44 | ✓ | AbbVie Inc. | — | NEW | New buy |
| 45 | ABBV | Abbvie INC | — | EXIT | Sold out |
| 46 | WAT | Waters CORP | — | NEW | New buy |
| 47 | PAYX | Paychex INC | — | EXIT | Sold out |
| 48 | INTC | Intel CORP | — | NEW | New buy |
| 49 | AXP | American Express Co | — | EXIT | Sold out |
| 50 | TSLA | Tesla INC | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-08 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-04 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-11 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-12 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-10 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-06 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-13 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-08 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-08 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-13 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-10 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-09 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-09 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-02 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-11 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-01-31 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-10 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-23 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-04 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-11 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-12 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-10 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-05 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-13 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-13 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-09 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-09 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-07 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-08 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-14 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-13 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-13 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-09 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-09 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-07 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-05 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-13 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-05 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-09 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-06 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-13 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-13 | 13F-HR | View on EDGAR |
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