Kensington Investment Counsel, LLC

Portfolio Overview

Kensington Investment Counsel, LLC disclosed 85 positions worth $230.2M in its Form 13F-HR for Q2 2026, led by $AAPL (Apple Inc.) at 7.9% of the equity portfolio, followed by $MSFT and $ABBV. During the quarter the fund opened 10 new positions and exited 8 — including a new stake in $HONA and a full exit from $TMDX. The portfolio is most concentrated in Technology (37.2% of disclosed assets). All figures are sourced directly from Kensington Investment Counsel, LLC’s Form 13F-HR filing with the SEC under CIK 1845536.

• 

  Apple Inc.

  $AAPL

  76.4#84

  Quality

  $18.1M62,542 sh
• 

  MICROSOFT CORP

  $MSFT

  79.8#31

  Quality

  $11.7M31,349 sh
• 

  AbbVie Inc.

  $ABBV

  72.6#148

  Quality

  $9.0M35,786 sh
• 

  JPMORGAN CHASE & CO

  $JPM

  70.7

  Quality

  $8.6M26,248 sh
• 

  CISCO SYSTEMS, INC.

  $CSCO

  70.3

  Quality

  $8.2M70,023 sh
• 

  Snap-on Inc

  $SNA

  63.0

  Quality

  $7.7M19,252 sh
• 

  Dell Technologies Inc.

  $DELL

  71.2

  Quality

  $7.6M17,614 sh
• 

  NVIDIA CORP

  $NVDA

  85.9

  Quality

  $6.8M34,082 sh
• 

  TEXAS INSTRUMENTS INC

  $TXN

  73.4

  Quality

  $6.6M22,238 sh
• 

  JOHNSON & JOHNSON

  $JNJ

  69.0

  Quality

  $6.5M25,663 sh

Company	Quality	Value	Shares
Apple Inc.$AAPL	76.4#84	$18.1M	62,542
MICROSOFT CORP$MSFT	79.8#31	$11.7M	31,349
AbbVie Inc.$ABBV	72.6#148	$9.0M	35,786
JPMORGAN CHASE & CO$JPM	70.7	$8.6M	26,248
CISCO SYSTEMS, INC.$CSCO	70.3	$8.2M	70,023
Snap-on Inc$SNA	63.0	$7.7M	19,252
Dell Technologies Inc.$DELL	71.2	$7.6M	17,614
NVIDIA CORP$NVDA	85.9	$6.8M	34,082
TEXAS INSTRUMENTS INC$TXN	73.4	$6.6M	22,238
JOHNSON & JOHNSON$JNJ	69.0	$6.5M	25,663

Showing top 10 of 85 holdings.

Full Holdings — Kensington Investment Counsel, LLC (Q2 2026)

All 85 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	$AAPL	Apple Inc.	$18.1M	7.9%	+2%	76.4
2	$MSFT	MICROSOFT CORP	$11.7M	5.1%	+4%	79.8
3	$ABBV	AbbVie Inc.	$9.0M	3.9%	-5%	72.6
4	$JPM	JPMORGAN CHASE & CO	$8.6M	3.7%	-5%	70.7
5	$CSCO	CISCO SYSTEMS, INC.	$8.2M	3.6%	-2%	70.3
6	$SNA	Snap-on Inc	$7.7M	3.4%	-4%	63
7	$DELL	Dell Technologies Inc.	$7.6M	3.3%	+3%	71.2
8	$NVDA	NVIDIA CORP	$6.8M	3.0%	+6%	85.9
9	$TXN	TEXAS INSTRUMENTS INC	$6.6M	2.9%	-4%	73.4
10	$JNJ	JOHNSON & JOHNSON	$6.5M	2.8%	-6%	69
11	$GD	GENERAL DYNAMICS CORP	$6.4M	2.8%	-5%	68.7
12	$AMGN	AMGEN INC	$6.0M	2.6%	-7%	79.2
13	$GOOG	Alphabet Inc.	$5.8M	2.5%	-2%	78.2
14	$WSM	WILLIAMS SONOMA INC	$5.8M	2.5%	-1%	66.1
15	$QQQ	INVESCO QQQ TRUST, SERIES 1	$5.7M	2.5%	-14%	—
16	$RSG	REPUBLIC SERVICES, INC.	$5.6M	2.4%	-5%	62.3
17	$WSO	WATSCO INC	$5.5M	2.4%	-2%	51.5
18	$HD	HOME DEPOT, INC.	$5.1M	2.2%	-10%	60.3
19	$QCOM	QUALCOMM INC/DE	$4.8M	2.1%	-4%	70.5
20	$PEP	PEPSICO INC	$4.8M	2.1%	-5%	63.4
21	$MRK	Merck & Co., Inc.	$4.8M	2.1%	-5%	59.9
22	$CNI	CANADIAN NATIONAL RAILWAY CO	$3.8M	1.6%	-4%	—
23	$SLB	SLB LIMITED/NV	$3.6M	1.6%	-6%	57.9
24	$UNH	UNITEDHEALTH GROUP INC	$3.3M	1.4%	-5%	62.7
25	$UNP	UNION PACIFIC CORP	$3.1M	1.3%	-4%	69.7
26	$MA	Mastercard Inc	$2.7M	1.2%	-1%	85.1
27	$HAL	HALLIBURTON CO	$2.6M	1.1%	-6%	53.2
28	$AVB	AVALONBAY COMMUNITIES INC	$2.5M	1.1%	-7%	65.5
29	$LLY	ELI LILLY & Co	$2.4M	1.1%	+0%	87.5
30	$AVGO	Broadcom Inc.	$2.4M	1.0%	+0%	84.5
31	$XOM.R34088	EXXON MOBIL CORP	$2.3M	1.0%	-5%	57.9
32	$AMZN	AMAZON COM INC	$2.3M	1.0%	-2%	68.7
33	$BR	BROADRIDGE FINANCIAL SOLUTIONS, INC.	$2.3M	1.0%	-19%	66.5
34	$AME	AMETEK INC/	$2.2M	1.0%	-0%	69.7
35	$META	Meta Platforms, Inc.	$2.1M	0.9%	+23%	79.6
36	$CHD	CHURCH & DWIGHT CO INC /DE/	$1.9M	0.8%	-0%	58.1
37	$HON	HONEYWELL INTERNATIONAL INC	$1.8M	0.8%	-53%	65
38	$HONA	Honeywell Aerospace Inc.	$1.8M	0.8%	NEW	—
39	$PANW	Palo Alto Networks Inc	$1.6M	0.7%	+0%	65.5
40	$SHW	SHERWIN WILLIAMS CO	$1.6M	0.7%	-2%	61.3
41	$ROST	ROSS STORES, INC.	$1.6M	0.7%	+0%	70.4
42	$MNST	Monster Beverage Corp	$1.4M	0.6%	-0%	71.3
43	$AMD	ADVANCED MICRO DEVICES INC	$1.3M	0.6%	+2%	79.8
44	$MKL	MARKEL GROUP INC.	$1.3M	0.6%	-2%	60.2
45	$NVS	NOVARTIS AG	$1.3M	0.6%	-0%	—
46	$CRWD	CrowdStrike Holdings, Inc.	$1.3M	0.6%	-1%	67.7
47	$BRK.B	BERKSHIRE HATHAWAY INC	$1.2M	0.5%	+4%	73.8
48	$ITW	ILLINOIS TOOL WORKS INC	$1.2M	0.5%	-0%	63.6
49	$DKS	DICK'S SPORTING GOODS, INC.	$1.2M	0.5%	+1%	63
50	$COST	COSTCO WHOLESALE CORP /NEW	$1.2M	0.5%	-1%	66.2
51	—	STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF - ETF	$1.2M	0.5%	-8%	—
52	$H	Hyatt Hotels Corp	$1.2M	0.5%	-1%	47.9
53	—	VANGUARD MORNINGSTAR GROWTH ETF - ETF	$1.1M	0.5%	+1570%	—
54	$DHR	DANAHER CORP /DE/	$919,637	0.4%	-1%	64.8
55	$IVZ	Invesco Ltd.	$904,365	0.4%	NEW	—
56	$ROP	ROPER TECHNOLOGIES INC	$870,001	0.4%	-2%	71.9
57	$RMD	RESMED INC	$813,039	0.3%	-2%	74.3
58	$GOOGL	Alphabet Inc.	$757,893	0.3%	+1%	78.2
59	$VRTX	VERTEX PHARMACEUTICALS INC / MA	$745,095	0.3%	-3%	75.4
60	$ROL	ROLLINS INC	$729,407	0.3%	-2%	65
61	$CSW	CSW INDUSTRIALS, INC.	$690,184	0.3%	-1%	61.8
62	$FIVE	FIVE BELOW, INC	$686,798	0.3%	-1%	69.5
63	—	ISHARES CORE S&P 500 ETF - ETF	$653,032	0.3%	NEW	—
64	$LIN	LINDE PLC	$584,326	0.3%	+0%	—
65	$TSLA	Tesla, Inc.	$578,746	0.3%	-24%	53.9
66	$BX	Blackstone Inc.	$570,582	0.3%	-4%	74.4
67	$AMAT	APPLIED MATERIALS INC /DE	$545,142	0.2%	-6%	72.3
68	$EPAC	ENERPAC TOOL GROUP CORP	$537,436	0.2%	-17%	55.6
69	$WAT	WATERS CORP /DE/	$535,932	0.2%	-1%	60.4
70	$SPY	SPDR S&P 500 ETF TRUST	$490,361	0.2%	-44%	—
71	$CPRT	COPART INC	$486,785	0.2%	-2%	69.1
72	$NFLX	NETFLIX INC	$426,115	0.2%	NEW	78.8
73	$NOC	NORTHROP GRUMMAN CORP /DE/	$398,790	0.2%	+0%	62.9
74	$FCX	FREEPORT-MCMORAN INC	$370,422	0.2%	-4%	62
75	$MU	MICRON TECHNOLOGY INC	$368,219	0.2%	NEW	86.2
76	$NDAQ	NASDAQ, INC.	$341,448	0.1%	-1%	76.7
77	$TMO	THERMO FISHER SCIENTIFIC INC.	$316,860	0.1%	-37%	65.1
78	$WT	WisdomTree, Inc.	$281,432	0.1%	NEW	59.9
79	$BA	BOEING CO	$271,670	0.1%	+0%	61.6
80	$INTC	INTEL CORP	$263,342	0.1%	NEW	45.6
81	$RGEN	REPLIGEN CORP	$238,361	0.1%	-17%	58.4
82	$IBM	INTERNATIONAL BUSINESS MACHINES CORP	$231,998	0.1%	NEW	70
83	$MO	ALTRIA GROUP, INC.	$212,468	0.1%	-37%	67.4
84	—	WISDOMTREE US ADAPTIVE MOVING AVERAGE FUND - ETF	$208,139	0.1%	NEW	—
85	$CB	Chubb Ltd	$203,422	0.1%	NEW	—