Concord Investment Counsel Inc.

Portfolio Overview

Concord Investment Counsel Inc. disclosed 41 positions worth $297.0M in its Form 13F-HR for Q1 2026, led by $NVDA (NVIDIA CORP) at 11.5% of the equity portfolio. During the quarter the fund opened 3 new positions and exited 2 — including a new stake in $DELL and a full exit from $DHI. The portfolio is most concentrated in Technology (36.7% of disclosed assets). All figures are sourced directly from Concord Investment Counsel Inc.’s Form 13F-HR filing with the SEC under CIK 2022154.

• 

  NVIDIA CORP

  $NVDA

  90.2#1

  Quality

  $34.0M195,095 sh

• Sector Spdr Industrial Fund

  —

  Quality

  $22.2M137,560 sh
• 

  AMAZON COM INC

  $AMZN

  74.6#152

  Quality

  $21.9M105,322 sh
• 

  Apple Inc.

  $AAPL

  76.1

  Quality

  $19.9M78,439 sh
• 

  Alphabet Inc.

  $GOOG

  80.2

  Quality

  $18.5M64,485 sh

• The Energy Spyder

  —

  Quality

  $14.7M240,633 sh
• 

  NETFLIX INC

  $NFLX

  86.7

  Quality

  $12.5M129,879 sh
• 

  INVESCO QQQ TRUST, SERIES 1

  $QQQ

  —

  Quality

  $12.2M21,123 sh
• 

  Meta Platforms, Inc.

  $META

  80.9

  Quality

  $11.8M20,644 sh
• 

  JPMORGAN CHASE & CO

  $JPM

  35.6

  Quality

  $10.8M36,673 sh

Company	Quality	Value	Shares
NVIDIA CORP$NVDA	90.2#1	$34.0M	195,095
Sector Spdr Industrial Fund	—	$22.2M	137,560
AMAZON COM INC$AMZN	74.6#152	$21.9M	105,322
Apple Inc.$AAPL	76.1	$19.9M	78,439
Alphabet Inc.$GOOG	80.2	$18.5M	64,485
The Energy Spyder	—	$14.7M	240,633
NETFLIX INC$NFLX	86.7	$12.5M	129,879
INVESCO QQQ TRUST, SERIES 1$QQQ	—	$12.2M	21,123
Meta Platforms, Inc.$META	80.9	$11.8M	20,644
JPMORGAN CHASE & CO$JPM	35.6	$10.8M	36,673

Showing top 10 of 41 holdings.

Full Holdings — Concord Investment Counsel Inc. (Q1 2026)

All 41 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	$NVDA	NVIDIA CORP	$34.0M	11.5%	-11%	90.2
2	—	Sector Spdr Industrial Fund	$22.2M	7.5%	-1%	—
3	$AMZN	AMAZON COM INC	$21.9M	7.4%	+10%	74.6
4	$AAPL	Apple Inc.	$19.9M	6.7%	-9%	76.1
5	$GOOG	Alphabet Inc.	$18.5M	6.2%	-13%	80.2
6	—	The Energy Spyder	$14.7M	5.0%	+33%	—
7	$NFLX	NETFLIX INC	$12.5M	4.2%	-0%	86.7
8	$QQQ	INVESCO QQQ TRUST, SERIES 1	$12.2M	4.1%	-12%	—
9	$META	Meta Platforms, Inc.	$11.8M	4.0%	-1%	80.9
10	$JPM	JPMORGAN CHASE & CO	$10.8M	3.6%	-1%	35.6
11	$MSFT	MICROSOFT CORP	$10.7M	3.6%	-1%	83.7
12	$BAC	BANK OF AMERICA CORP /DE/	$10.2M	3.4%	-0%	68.4
13	$MAR	MARRIOTT INTERNATIONAL INC /MD/	$9.0M	3.0%	-1%	65.9
14	$ETN	Eaton Corp plc	$8.7M	2.9%	-1%	—
15	—	Sector Spdr Technology Fund	$8.1M	2.7%	-1%	—
16	$DELL	Dell Technologies Inc.	$7.4M	2.5%	NEW	76
17	—	S&P PHLX Semiconducter Index	$7.2M	2.4%	-1%	—
18	$V	VISA INC.	$6.8M	2.3%	-0%	83.5
19	$UNH	UNITEDHEALTH GROUP INC	$6.5M	2.2%	-1%	66.8
20	$LLY	ELI LILLY & Co	$5.1M	1.7%	-1%	89.3
21	$COST	COSTCO WHOLESALE CORP /NEW	$4.8M	1.6%	-1%	67
22	$RCL	ROYAL CARIBBEAN CRUISES LTD	$4.6M	1.6%	-1%	—
23	—	iShares Nasdaq Biotechnology	$4.6M	1.6%	-1%	—
24	—	Consumer Staples Select Sect. SPDR	$4.4M	1.5%	-1%	—
25	—	iShares Dow Jones US Pharmaceuticals	$4.3M	1.4%	-2%	—
26	$AVGO	Broadcom Inc.	$4.2M	1.4%	NEW	86.4
27	—	iShares MSCI Emerging Markets Index	$3.3M	1.1%	NEW	—
28	—	iShares Dow Jones US Medical Devices	$2.3M	0.8%	-1%	—
29	$SNOW	Snowflake Inc.	$1.9M	0.6%	-0%	49.6
30	—	iShares High Yield Corp Bond Fund	$1.2M	0.4%	-6%	—
31	—	iShares Dow Jones US Energy Sector	$703,208	0.2%	+33%	—
32	—	iShares Barclays MBS Fixed-Rate	$592,013	0.2%	-13%	—
33	$CVX	CHEVRON CORP	$471,455	0.2%	+245%	54.7
34	$PCM	PCM FUND, INC.	$323,844	0.1%	-24%	—
35	$GOOGL	Alphabet Inc.	$295,179	0.1%	+0%	80.2
36	$ORCL	ORACLE CORP	$193,891	0.1%	-5%	67.2
37	$QCOM	QUALCOMM INC/DE	$142,897	0.1%	-7%	81.9
38	$PG	PROCTER & GAMBLE Co	$138,662	0.1%	-6%	72.9
39	$SLB	SLB LIMITED/NV	$137,879	0.1%	-6%	63.2
40	$GIS	GENERAL MILLS INC	$81,363	0.0%	-6%	64.1
41	—	Sector Spdr Consumer Disc. Fund	$6,321	0.0%	+0%	—