FIDUCIARY COUNSELLING INC

Portfolio Overview

FIDUCIARY COUNSELLING INC disclosed 7 positions worth $35.9M in its Form 13F-HR for Q1 2026, followed by $BRK.A and $WY. During the quarter the fund opened 1 new position and exited 3 — including a new stake in $RYN. The portfolio is most concentrated in Other (40.5% of disclosed assets). All figures are sourced directly from FIDUCIARY COUNSELLING INC’s Form 13F-HR filing with the SEC under CIK 1270764.

• ISHARES TR

  —

  Quality

  $11.6M32,448 sh
• 

  BERKSHIRE HATHAWAY INC

  $BRK.A

  64.5#634

  Quality

  $10.8M15 sh
• 

  WEYERHAEUSER CO

  $WY

  52.9#1,316

  Quality

  $6.2M255,639 sh
• 

  RAYONIER INC

  $RYN

  68.1

  Quality

  $4.3M207,884 sh

• VANGUARD INDEX FDS

  —

  Quality

  $2.6M8,149 sh

• SPDR SER TR

  —

  Quality

  $367.7K2,022 sh
• 

  MITSUBISHI UFJ FINANCIAL GROUP INC

  $MUFG

  —

  Quality

  $94.2K2,072 sh

Company	Quality	Value	Shares
ISHARES TR	—	$11.6M	32,448
BERKSHIRE HATHAWAY INC$BRK.A	64.5#634	$10.8M	15
WEYERHAEUSER CO$WY	52.9#1,316	$6.2M	255,639
RAYONIER INC$RYN	68.1	$4.3M	207,884
VANGUARD INDEX FDS	—	$2.6M	8,149
SPDR SER TR	—	$367.7K	2,022
MITSUBISHI UFJ FINANCIAL GROUP INC$MUFG	—	$94.2K	2,072

Showing top 7 of 7 holdings.

Full Holdings — FIDUCIARY COUNSELLING INC (Q1 2026)

All 7 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	—	ISHARES TR	$11.6M	32.2%	+0%	—
2	$BRK.A	BERKSHIRE HATHAWAY INC	$10.8M	30.0%	+0%	64.5
3	$WY	WEYERHAEUSER CO	$6.2M	17.4%	+0%	52.9
4	$RYN	RAYONIER INC	$4.3M	11.9%	NEW	68.1
5	—	VANGUARD INDEX FDS	$2.6M	7.3%	-5%	—
6	—	SPDR SER TR	$367,660	1.0%	+0%	—
7	$MUFG	MITSUBISHI UFJ FINANCIAL GROUP INC	$94,214	0.3%	-6%	—