Capital Investment Counsel, LLC — 13F Holdings & Portfolio
CIK 2033609 · latest 13F-HR filed 2026-10-14
Capital Investment Counsel, LLC manages $805.2M in 13F-reported U.S. long-equity assets across 155 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are XFIV (3.18%), BSCU (2.66%), BSCV (2.65%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 7 new positions and exited 4; 36 existing positions rose in reported value and 56 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$805.2M
Long-equity book
Holdings
155
Distinct positions
Period
2026-09-30
Filed 2026-10-14
Q/Q Activity
+7 / −4 / ↑36 / ↓56
vs 2026-06-30
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q3 26XFIV3.2% · +20%BSCU2.7% · +5%BSCV2.6% · +1%AAPL2.6% · -2%SOXX2.6% · -4%HYDB2.6% · +3%FTSL2.5% · +4%MSFT2.3% · -0%SCIO2.2% · +38%GOOGL2.2% · -3%AVGO2.2% · -2%BSCW2.1% · +11%BSCT1.9% · -11%CVX1.9% · -2%QQQ1.8% · -0%CAT1.8% · -7%PWB1.8% · -1%IJH1.8% · +0%ABBV1.6% · -2%BKGI1.6% · -1%COST1.5% · -1%SCHF1.4% · -1%JPM1.4% · -0%WCMI1.4% · -0%DGRO1.3% · +3%XLV1.3% · +1%DE1.3% · -2%AMZN1.3% · -0%ING1.3% · -1%NVDA1.2% · -2%XOM1.2% · -4%IQLT1.1% · +3%XLK1.1% · -3%WMT1.1% · +0%LAMR1.1% · -1%VPL1.1% · -1%VTI1.1% · -2%AMGN1.1% · -0%EMR1.0% · +0%DON1.0% · +0%SDVY1.0% · +0%NOC1.0% · +0%DLR0.9% · -1%ARES0.9% · +0%MS0.9% · -0%GILD0.9% · -0%META0.9% · -2%IGSB0.9% · +0%SPMO0.8% · +0%IBM0.8% · +2%IEFA0.8% · -2%LLY0.8% · +91%SDOG0.8% · -0%ORLY0.8% · +1%DRI0.7% · +1%D0.7% · +0%DUK0.7% · -2%SO0.7% · +1%HD0.6% · -0%BHP0.6% · +0%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q2 26 → Q3 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 25.5%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Mar 31, 2026.
Assets Under Management
$2.87B
Discretionary
$2.86B
Employees
13
Accounts
785
Address
527 MADISON AVE., 19TH FLOOR
NEW YORK, NY 10022
NEW YORK, NY 10022
Phone
(212) 350-9333
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| BERRIE, JUSTIN, BENJAMIN Control | MEMBER since Dec 2024 | 5–10% | Individual |
| BLUM, LAUREN, NMN Control | CHIEF INVESTMENT OFFICER since Mar 2014 | 10–25% | Individual |
| FRIEDMAN, MATTHEW, JOHN EMMANUEL Control | MEMBER since Jan 2025 | 5–10% | Individual |
| GREENE, TERENCE, SEAN Control | PRESIDENT since Mar 2014 | 25–50% | Individual |
| HANNA, CHANTALLE, BRIONA Control | CHIEF COMPLIANCE OFFICER since Apr 2025 | Less than 5% | Individual |
| MAGID, JAMES, IRWIN | MEMBER since Aug 1999 | 5–10% | Individual |
| SMITH, F, RANDALL | MEMBER since Aug 1999 | 5–10% | Individual |
| THE NEEDHAM GROUP, INC. | MEMBER since Dec 1999 | 5–10% | Domestic Entity |
| NEEDHAM, GEORGE, AUSTIN Control Indirect owner via THE NEEDHAM GROUP, INC. | SHAREHOLDER since Dec 2004 | General partner, trustee or manager | Individual |
Ownership & leadership changes · 11 filings with changes since Mar 21, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Apr 8, 2025 filing
- AddedHANNA, CHANTALLE, BRIONA · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedBERRIE, JUSTIN, BENJAMIN · title CHIEF COMPLIANCE OFFICER → MEMBER
Mar 27, 2025 filing
- No longer listedFREIDIN, ABRAHAM, J. · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Oct 2019
- AddedFRIEDMAN, MATTHEW, JOHN EMMANUEL · MEMBER · 5–10% · control person
- Listed againBERRIE, JUSTIN, BENJAMIN · CHIEF COMPLIANCE OFFICER · 5–10% · control person
- ChangedNEEDHAM, GEORGE, AUSTIN · indirect via THE NEEDHAM GROUP, INC.: ownership 25–50% → General partner, trustee or manager
- ChangedSMITH, F, RANDALL · ownership 10–25% → 5–10%; no longer a control person
Mar 31, 2023 filing
- ChangedGREENE, TERENCE, SEAN · ownership 10–25% → 25–50%
Mar 31, 2021 filing
- ChangedMAGID, JAMES, IRWIN · ownership 10–25% → 5–10%
- ChangedSMITH, F, RANDALL · ownership 25–50% → 10–25%
Mar 30, 2020 filing
- No longer listedBERRIE, JUSTIN, BENJAMIN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Mar 2014
- AddedFREIDIN, ABRAHAM, J. · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Mar 29, 2018 filing
- ChangedGREENE, TERENCE, SEAN · ownership 25–50% → 10–25%
Mar 31, 2017 filing
- No longer listedCARL MARKS & CO. LLC · GENERAL PARTNER · General partner, trustee or manager · indirect via CARL MARKS & CO. LP · control person · listed since Dec 2000
- No longer listedCARL MARKS & CO. LP · MEMBER · 25–50% · control person · listed since Apr 2007
- AddedNEEDHAM, GEORGE, AUSTIN · SHAREHOLDER · 25–50% · indirect via THE NEEDHAM GROUP, INC. · control person
- AddedTHE NEEDHAM GROUP, INC. · MEMBER · 5–10%
- ChangedGREENE, TERENCE, SEAN · ownership 10–25% → 25–50%
- ChangedMAGID, JAMES, IRWIN · ownership 5–10% → 10–25%
- ChangedSMITH, F, RANDALL · ownership 10–25% → 25–50%
Mar 30, 2016 filing
- No longer listedESTATE OF SAMANTHA CONRATH SMITH, F RANDALL SMITH AS ADMINISTRATOR · MEMBER · 5–10% · listed since Dec 2014
- ChangedCARL MARKS & CO. LP · ownership 10–25% → 25–50%; now a control person
- ChangedMAGID, JAMES, IRWIN · title SECRETARY → MEMBER; no longer a control person
Mar 30, 2015 filing
- No longer listedSMITH, SAMANTHA, CONRATH · DIRECTOR CLIENT SERVICE, MARKETING · 5–10% · control person · listed since Mar 2006
- AddedESTATE OF SAMANTHA CONRATH SMITH, F RANDALL SMITH AS ADMINISTRATOR · MEMBER · 5–10%
Mar 28, 2014 filing
- AddedBERRIE, JUSTIN, BENJAMIN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedBLUM, LAUREN, NMN · title PORTFOLIO MANAGER/RESEARCH ANALYST → CHIEF INVESTMENT OFFICER
- ChangedGREENE, TERENCE, SEAN · title CHIEF INVESTMENT OFFICER/CHIEF COMPLIANCE OFFICER → PRESIDENT
- ChangedSMITH, F, RANDALL · title PRESIDENT → MEMBER
Older changes (2 more filings)
Mar 20, 2013 filing
- ChangedBLUM, LAUREN, NMN · ownership 5–10% → 10–25%
- ChangedSMITH, F, RANDALL · ownership 25–50% → 10–25%
Mar 21, 2012 filing (earliest on record)
- ListedBLUM, LAUREN, NMN · PORTFOLIO MANAGER/RESEARCH ANALYST · 5–10% · control person
- ListedCARL MARKS & CO. LLC · GENERAL PARTNER · General partner, trustee or manager · indirect via CARL MARKS & CO. LP · control person
- ListedCARL MARKS & CO. LP · MEMBER · 10–25%
- ListedGREENE, TERENCE, SEAN · CHIEF INVESTMENT OFFICER/CHIEF COMPLIANCE OFFICER · 10–25% · control person
- ListedMAGID, JAMES, IRWIN · SECRETARY · 5–10% · control person
- ListedSMITH, F, RANDALL · PRESIDENT · 25–50% · control person
- ListedSMITH, SAMANTHA, CONRATH · DIRECTOR CLIENT SERVICE, MARKETING · 5–10% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- MICROSOFT CORP$4.9M +37.2%
- FIRST TR EXCHANGE-TRADED FD$4.5M +33.2%
- BONDBLOXX ETF TRUST$3.4M +15.2%
- ELI LILLY & CO$3.0M +84.1%
- CHEVRON CORPORATION$2.7M +21.4%
Top Trims
- CATERPILLAR INC-$6.0M -28.9%
- ISHARES TR-$3.5M -14.5%
- D R HORTON INC-$3.1M -42.0%
- INVESCO EXCH TRD SLF IDX FD-$2.2M -12.5%
- BROADCOM INC-$1.8M -9.3%
New Positions
- EXXONMOBIL HOLDINGS CORP$9.6M
- SELECT SECTOR SPDR TR$2.6M
- VANGUARD MUN BD FDS$1.2M
- SELECT SECTOR SPDR TR$1.2M
- BLOOM ENERGY CORP$943.4K
Exited Positions
- EXXON MOBIL CORP$8.4M
- SELECT SECTOR SPDR TR$2.3M
- VANGUARD WHITEHALL FDS$353.0K
- BONDBLOXX ETF TRUST$254.5K
Capital Investment Counsel, LLC Holdings (2026-09-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | BONDBLOXX ETF TRUST | XFIV | 09789C838 | $25.6M | 3.18% | 548,313 | SH |
| 2 | INVESCO EXCH TRD SLF IDX FD | BSCU | 46138J460 | $21.4M | 2.66% | 1,326,319 | SH |
| 3 | INVESCO EXCH TRD SLF IDX FD | BSCV | 46138J429 | $21.3M | 2.65% | 1,351,959 | SH |
| 4 | APPLE INC | AAPL | 037833100 | $21.3M | 2.64% | 63,883 | SH |
| 5 | ISHARES TR | SOXX | 464287523 | $20.8M | 2.58% | 36,538 | SH |
| 6 | ISHARES TR | HYDB | 46435G250 | $20.6M | 2.56% | 458,245 | SH |
| 7 | FIRST TR EXCHANGE-TRADED FD | FTSL | 33738D309 | $20.3M | 2.52% | 455,620 | SH |
| 8 | MICROSOFT CORP | MSFT | 594918104 | $18.2M | 2.26% | 35,528 | SH |
| 9 | FIRST TR EXCHANGE-TRADED FD | SCIO | 33738D770 | $18.1M | 2.25% | 908,677 | SH |
| 10 | ALPHABET INC | GOOGL | 02079K305 | $18.0M | 2.24% | 52,339 | SH |
| 11 | BROADCOM INC | AVGO | 11135F101 | $17.4M | 2.16% | 49,431 | SH |
| 12 | INVESCO EXCH TRD SLF IDX FD | BSCW | 46139W858 | $17.2M | 2.13% | 877,588 | SH |
| 13 | INVESCO EXCH TRD SLF IDX FD | BSCT | 46138J577 | $15.5M | 1.92% | 849,399 | SH |
| 14 | CHEVRON CORPORATION | CVX | 166764100 | $15.3M | 1.90% | 74,759 | SH |
| 15 | INVESCO QQQ TR | QQQ | 46090E103 | $14.7M | 1.83% | 19,931 | SH |
| 16 | CATERPILLAR INC | CAT | 149123101 | $14.7M | 1.83% | 18,128 | SH |
| 17 | INVESCO EXCHANGE TRADED FD T | PWB | 46137V746 | $14.6M | 1.81% | 89,953 | SH |
| 18 | ISHARES TR | IJH | 464287507 | $14.3M | 1.77% | 198,310 | SH |
| 19 | ABBVIE INC | ABBV | 00287Y109 | $12.7M | 1.57% | 48,393 | SH |
| 20 | BNY MELLON ETF TRUST | BKGI | 09661T826 | $12.5M | 1.56% | 298,744 | SH |
| 21 | COSTCO WHOLESALE CORPORATION | COST | 22160K105 | $11.7M | 1.46% | 12,874 | SH |
| 22 | SCHWAB STRATEGIC TR | SCHF | 808524805 | $11.7M | 1.45% | 424,527 | SH |
| 23 | JPMORGAN CHASE & CO | JPM | 46625H100 | $11.3M | 1.40% | 34,107 | SH |
| 24 | FIRST TR EXCHANGE-TRADED FD | WCMI | 33733E732 | $11.2M | 1.39% | 587,124 | SH |
| 25 | ISHARES TR | DGRO | 46434V621 | $10.5M | 1.31% | 139,603 | SH |
| 26 | SELECT SECTOR SPDR TR | XLV | 81369Y209 | $10.3M | 1.29% | 61,439 | SH |
| 27 | DEERE & CO | DE | 244199105 | $10.2M | 1.27% | 15,260 | SH |
| 28 | AMAZON COM INC | AMZN | 023135106 | $10.1M | 1.26% | 40,643 | SH |
| 29 | ING GROEP N.V. | ING | 456837103 | $10.1M | 1.25% | 284,178 | SH |
| 30 | NVIDIA CORPORATION | NVDA | 67066G104 | $9.8M | 1.21% | 42,729 | SH |
| 31 | EXXONMOBIL HOLDINGS CORP | XOM | 30233Q108 | $9.6M | 1.19% | 58,841 | SH |
| 32 | ISHARES TR | IQLT | 46434V456 | $9.2M | 1.14% | 185,185 | SH |
| 33 | SELECT SECTOR SPDR TR | XLK | 81369Y803 | $9.2M | 1.14% | 46,754 | SH |
| 34 | WALMART INC | WMT | 931142103 | $8.9M | 1.11% | 85,860 | SH |
| 35 | LAMAR ADVERTISING CO | LAMR | 512816109 | $8.9M | 1.10% | 61,472 | SH |
| 36 | VANGUARD INTL EQUITY INDEX F | VPL | 922042866 | $8.6M | 1.07% | 74,604 | SH |
| 37 | VANGUARD INDEX FDS | VTI | 922908769 | $8.5M | 1.06% | 22,846 | SH |
| 38 | AMGEN INC | AMGN | 031162100 | $8.5M | 1.05% | 20,059 | SH |
| 39 | EMERSON ELEC CO | EMR | 291011104 | $8.1M | 1.00% | 51,924 | SH |
| 40 | WISDOMTREE TR | DON | 97717W505 | $8.0M | 1.00% | 148,689 | SH |
| 41 | FIRST TR EXCHANGE TRADED FD | SDVY | 33741X102 | $8.0M | 0.99% | 197,192 | SH |
| 42 | NORTHROP GRUMMAN CORP | NOC | 666807102 | $7.9M | 0.98% | 16,401 | SH |
| 43 | DIGITAL RLTY TR INC | DLR | 253868103 | $7.6M | 0.95% | 43,406 | SH |
| 44 | ARES MANAGEMENT CORPORATION | ARES | 03990B101 | $7.5M | 0.94% | 64,805 | SH |
| 45 | MORGAN STANLEY | MS | 617446448 | $7.5M | 0.93% | 39,879 | SH |
| 46 | GILEAD SCIENCES INC | GILD | 375558103 | $7.4M | 0.91% | 49,367 | SH |
| 47 | META PLATFORMS INC | META | 30303M102 | $7.3M | 0.91% | 10,054 | SH |
| 48 | ISHARES TR | IGSB | 464288646 | $6.9M | 0.86% | 134,722 | SH |
| 49 | INVESCO EXCH TRADED FD TR II | SPMO | 46138E339 | $6.6M | 0.82% | 43,805 | SH |
| 50 | INTERNATIONAL BUSINESS MACHS | IBM | 459200101 | $6.6M | 0.81% | 29,806 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-14 | $805.2M | 155 | 0002085853-26-001184 |
| 2026-06-30 | 2026-07-15 | $808.4M | 156 | 0002085853-26-000743 |
| 2026-03-31 | 2026-04-23 | $729.8M | 147 | 0002033609-26-000003 |
| 2025-12-31 | 2026-02-02 | $719.9M | 140 | 0002033609-26-000001 |
Filer Information
Address
600 GRANT STREETSUITE 450
DENVER, CO 80203
Phone
(303) 859-3550
Filing Manager
Capital Investment Counsel, LLC
DENVER, CO
Signatory
Samantha Cox
Chief Compliance Officer and Operations Manager