CIK: 0002022154
Total reported value
$297.0M
Reporting period: 2026-03-31 · Number of holdings: 41
Concord Investment Counsel Inc. disclosed 41 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $297.0M and a quarterly turnover rate of 20.6%.
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Concord Investment Counsel Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.051 — mathematically equivalent to about 20 equally-sized positions, well below its 41 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.05), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Add XLE
+33.4% $6.7M
Trim NVDA
-10.6% -$6.7M
Trim GOOGL
-12.8% -$4.6M
Trim MSFT
-0.7% -$3.4M
Trim AAPL
-9.1% -$3.5M
Trim QQQ
-12.3% -$2.6M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 11.46% | -1.76% | -10.61% | |
| 2 | XLI | Ss Industrial Select Sector | ETF-Other | 7.49% | +0.48% | -1.11% | |
| 3 | AMZN | Amazon.com INC | Stock-Consumer Disc | 7.39% | +0.24% | +10.41% | |
| 4 | AAPL | Apple INC | Stock-Tech | 6.70% | -0.92% | -9.08% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 6.24% | -1.27% | -12.77% | |
| 6 | XLE | Ss Energy Select Sector | ETF-Other | 4.96% | +2.34% | +33.37% | |
| 7 | NFLX | Netflix INC | Stock-Comm Services | 4.21% | +0.24% | -0.44% | |
| 8 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 4.11% | -0.69% | -12.28% | |
| 9 | META | Meta Platforms Inc-class A | Stock-Comm Services | 3.98% | -0.48% | -0.87% | |
| 10 | JPM | Jpmorgan Chase & Co | Stock-Financials | 3.63% | -0.24% | -0.74% | |
| 11 | MSFT | Microsoft CORP | Stock-Tech | 3.60% | -0.97% | -0.73% | |
| 12 | BAC | Bank Of America CORP | Stock-Financials | 3.43% | -0.32% | -0.33% | |
| 13 | MAR | Marriott International -cl A | Stock-Consumer Disc | 3.04% | +0.24% | -0.80% | |
| 14 | ETN | Eaton Corporation plc | Stock-Industrials | 2.94% | +0.39% | -1.17% | |
| 15 | XLK | Ss Technology Select Sector | ETF-Tech | 2.71% | -0.15% | -0.97% | |
| 16 | DELL | Dell Technologies -c | Stock-Tech | 2.48% | +2.48% | NEW | |
| 17 | SOXX | Ishares Semiconductor ETF | ETF-Other | 2.43% | +0.26% | -1.11% | |
| 18 | V | Visa Inc-class A Shares | Stock-Financials | 2.28% | -0.28% | -0.41% | |
| 19 | UNH | Unitedhealth Group INC | Stock-Healthcare | 2.19% | -0.41% | -0.82% | |
| 20 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.73% | -0.24% | -0.97% | |
| 21 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 1.61% | +0.25% | -0.89% | |
| 22 | RCL | Royal Caribbean Cruises Ltd. | Stock-Consumer Disc | 1.56% | +0.03% | -0.66% | |
| 23 | IBB | Ishares Biotechnology ETF | ETF-Tech | 1.55% | +0.04% | -1.02% | |
| 24 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 1.49% | +0.11% | -1.26% | |
| 25 | IHE | Ishares US Pharmaceuticals E | ETF-Other | 1.43% | +0.05% | -1.73% | |
| 26 | AVGO | Broadcom INC | Stock-Tech | 1.40% | +1.40% | NEW | |
| 27 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 1.11% | +1.11% | NEW | |
| 28 | IHI | Ishares U.s. Medical Devices | ETF-Other | 0.76% | -0.10% | -0.96% | |
| 29 | SNOW | Snowflake INC | Stock-Tech | 0.64% | -0.26% | -0.42% | |
| 30 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 0.40% | -0.02% | -5.95% | |
| 31 | IYE | Ishares U.s. Energy ETF | ETF-Other | 0.24% | +0.11% | +32.84% | |
| 32 | MBB | Ishares Mbs ETF | ETF-Other | 0.20% | -0.02% | -13.26% | |
| 33 | CVX | Chevron CORP | Stock-Energy | 0.16% | +0.13% | +245.30% | |
| 34 | PCM | Pcm Fund INC | Stock-Other | 0.11% | -0.04% | -24.07% | |
| 35 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.10% | — | — | |
| 36 | ORCL | Oracle CORP | Stock-Tech | 0.07% | -0.02% | -5.38% | |
| 37 | QCOM | Qualcomm INC | Stock-Tech | 0.05% | -0.02% | -6.96% | |
| 38 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.05% | — | -5.70% | |
| 39 | SLB | Slb LTD | Stock-Energy | 0.05% | +0.01% | -5.83% | |
| 40 | GIS | General Mills INC | Stock-Consumer Staples | 0.03% | -0.01% | -6.38% | |
| 41 | XLY | Ss Consumer Disc Select Sect | ETF-Other | — | — | — |
Performance for Q3 2026
+2.7%
Performance Last 4 Quarters
+27.2%
Based on 90% of reported portfolio value with available pricing
Concord Investment Counsel Inc.'s most significant position changes for 2026-03-31: New buy: Dell Technologies -c (DELL); Sold out: Dr Horton INC (DHI); New buy: Broadcom INC (AVGO); New buy: Ishares Msci Emerging Market (EEM); Sold out: Salesforce INC (CRM).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | XLE | Ss Energy Select Sector | +2.3% | +33.37% | Add |
| 2 | XLI | Ss Industrial Select Sector | +0.5% | -1.11% | Trim |
| 3 | ETN | Eaton Corporation plc | +0.4% | -1.17% | Trim |
| 4 | SOXX | Ishares Semiconductor ETF | +0.3% | -1.11% | Trim |
| 5 | COST | Costco Wholesale CORP | +0.3% | -0.89% | Trim |
| 6 | MAR | Marriott International -cl A | +0.2% | -0.80% | Trim |
| 7 | NFLX | Netflix INC | +0.2% | -0.44% | Trim |
| 8 | AMZN | Amazon.com INC | +0.2% | +10.41% | Add |
| 9 | CVX | Chevron CORP | +0.1% | +245.30% | Add |
| 10 | IYE | Ishares U.s. Energy ETF | +0.1% | +32.84% | Add |
| 11 | XLP | Ss Consumer Staples Sel Sect | +0.1% | -1.26% | Trim |
| 12 | IHE | Ishares US Pharmaceuticals E | +0.1% | -1.73% | Trim |
| 13 | IBB | Ishares Biotechnology ETF | 0% | -1.02% | Trim |
| 14 | RCL | Royal Caribbean Cruises Ltd. | 0% | -0.66% | Trim |
| 15 | SLB | Slb LTD | 0% | -5.83% | Trim |
| 16 | GOOG | Alphabet Inc-cl C | — | — | Unchanged |
| 17 | PG | Procter & Gamble Co/the | — | -5.70% | Trim |
| 18 | XLY | Ss Consumer Disc Select Sect | — | — | Unchanged |
| 19 | GIS | General Mills INC | 0% | -6.38% | Trim |
| 20 | MBB | Ishares Mbs ETF | 0% | -13.26% | Trim |
| 21 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | 0% | -5.95% | Trim |
| 22 | ORCL | Oracle CORP | 0% | -5.38% | Trim |
| 23 | QCOM | Qualcomm INC | 0% | -6.96% | Trim |
| 24 | PCM | Pcm Fund INC | 0% | -24.07% | Trim |
| 25 | IHI | Ishares U.s. Medical Devices | -0.1% | -0.96% | Trim |
| 26 | XLK | Ss Technology Select Sector | -0.2% | -0.97% | Trim |
| 27 | JPM | Jpmorgan Chase & Co | -0.2% | -0.74% | Trim |
| 28 | LLY | Eli Lilly & Co | -0.2% | -0.97% | Trim |
| 29 | SNOW | Snowflake INC | -0.3% | -0.42% | Trim |
| 30 | V | Visa Inc-class A Shares | -0.3% | -0.41% | Trim |
| 31 | BAC | Bank Of America CORP | -0.3% | -0.33% | Trim |
| 32 | UNH | Unitedhealth Group INC | -0.4% | -0.82% | Trim |
| 33 | META | Meta Platforms Inc-class A | -0.5% | -0.87% | Trim |
| 34 | QQQ | Invesco Qqq Trust Series 1 | -0.7% | -12.28% | Trim |
| 35 | AAPL | Apple INC | -0.9% | -9.08% | Trim |
| 36 | MSFT | Microsoft CORP | -1% | -0.73% | Trim |
| 37 | GOOGL | Alphabet Inc-cl A | -1.3% | -12.77% | Trim |
| 38 | NVDA | Nvidia CORP | -1.8% | -10.61% | Trim |
| 39 | DELL | Dell Technologies -c | — | NEW | New buy |
| 40 | DHI | Dr Horton INC | — | EXIT | Sold out |
| 41 | AVGO | Broadcom INC | — | NEW | New buy |
| 42 | EEM | Ishares Msci Emerging Market | — | NEW | New buy |
| 43 | CRM | Salesforce INC | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-13 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-10 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-06 | 13F-HR | View on EDGAR |
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