Carnegie Investment Counsel

PEPPER PIKE, OH · CIK 1511506 · 13F filing filed 2026-07-30

SEC-registered investment adviser since 2009 · limited liability company

Assets managed$7.5bn
Staff69 · 39 in investment roles
Main clients (by assets)High net worth individuals 70%, Individuals 12%, Companies 9%
Websitecarroll-financial.com
Form ADV · 2026-07-09SEC adviser record

$5.0bn reported value -2.7% vs Q1 2026

547positions

24.6%in top 10

33 new 114 added 324 reduced 45 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ALPHABET INC CAP STK CL A GOOGL	GOOGL	539,742	$189.9m3.80%	3.80%	Reduced -62.5k	-62,516 -10.4%
2	APPLE INC COM AAPL	AAPL	607,488	$175.8m3.52%	3.52%	Reduced -56.9k	-56,897 -8.6%
3	MICROSOFT CORP COM MSFT	MSFT	396,759	$145.9m2.92%	2.92%	Reduced -32.2k	-32,238 -7.5%
4	BROADCOM INC COM AVGO	AVGO	348,714	$129.4m2.59%	2.59%	Reduced -14.7k	-14,745 -4.1%
5	JPMORGAN CHASE & CO COM JPM	JPM	375,035	$119.9m2.40%	2.40%	Reduced -45.8k	-45,763 -10.9%
6	NVIDIA CORPORATION COM NVDA	NVDA	544,093	$108.9m2.18%	2.18%	Reduced -108.6k	-108,586 -16.6%
7	AMAZON COM INC COM AMZN	AMZN	432,031	$103.0m2.06%	2.06%	Reduced -52.7k	-52,668 -10.9%
8	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	196,097	$96.3m1.93%	1.93%	Reduced -2.1k	-2,056 -1.0%
9	APPLIED MATLS INC COM AMAT	AMAT	111,680	$80.7m1.62%	1.62%	Reduced -54.0k	-53,973 -32.6%
10	META PLATFORMS INC CL A META	META	142,799	$78.3m1.57%	1.57%	Reduced -20.9k	-20,867 -12.8%
11	ALPHABET INC CAP STK CL C GOOG	GOOG	218,905	$77.3m1.55%	1.55%	Reduced -12.3k	-12,327 -5.3%
12	EATON CORP PLC SHS ETN	ETN	165,555	$70.5m1.41%	1.41%	Reduced -26.6k	-26,557 -13.8%
13	STRYKER CORPORATION COM SYK	SYK	228,574	$70.2m1.41%	1.41%	Reduced -14.4k	-14,407 -5.9%
14	MASTERCARD INCORPORATED CL A MA	MA	140,541	$69.8m1.40%	1.40%	Reduced -2.9k	-2,936 -2.0%
15	SCHWAB CHARLES CORP COM SCHW	SCHW	745,872	$66.9m1.34%	1.34%	Reduced -98.1k	-98,105 -11.6%
16	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	344,853	$65.7m1.32%	1.32%	Reduced -6.9k	-6,869 -1.9%
17	CHUBB LIMITED COM CB	CB	192,437	$63.8m1.28%	1.28%	Added +31.6k	+31,645 19.7%
18	PROGRESSIVE CORP COM PGR	PGR	264,332	$57.7m1.16%	1.16%	Reduced -20.8k	-20,772 -7.3%
19	VISA INC COM CL A V	V	160,515	$55.1m1.10%	1.10%	Reduced -23.2k	-23,202 -12.6%
20	SPDR SER TR PORTFLI INTRMDIT SPTI	SPTI	1,843,779	$52.3m1.05%	1.05%	Reduced -2.8k	-2,796 -0.1%
21	ISHARES TR MSCI INTL QUALTY IQLT	IQLT	1,014,957	$50.3m1.01%	1.01%	Added +67.1k	+67,094 7.1%
22	HOME DEPOT INC COM HD	HD	142,423	$48.2m0.97%	0.97%	Reduced -11.8k	-11,842 -7.7%
23	ALLIANT ENERGY CORP COM LNT	LNT	649,377	$47.4m0.95%	0.95%	Added +11.1k	+11,054 1.7%
24	SHERWIN WILLIAMS CO COM SHW	SHW	137,060	$47.2m0.95%	0.95%	Reduced -15.9k	-15,950 -10.4%
25	ABBVIE INC COM ABBV	ABBV	182,419	$43.7m0.88%	0.88%	Added +418	+418 0.2%
26	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	488,052	$43.1m0.86%	0.86%	Reduced -4.8k	-4,846 -1.0%
27	UNITEDHEALTH GROUP INC COM UNH	UNH	96,955	$38.6m0.77%	0.77%	Reduced -7.9k	-7,877 -7.5%
28	RTX CORPORATION COM RTX	RTX	213,435	$38.2m0.76%	0.76%	Reduced -2.8k	-2,814 -1.3%
29	SPDR SERIES TRUST PORTFOLIO S&P500 SPYM	SPYM	430,630	$37.8m0.76%	0.76%	Added +27.7k	+27,708 6.9%
30	SPDR SER TR PORTFOLIO INTRMD SPIB	SPIB	1,126,579	$37.7m0.76%	0.76%	Reduced -1.9k	-1,876 -0.2%
31	AMGEN INC COM AMGN	AMGN	103,528	$37.5m0.75%	0.75%	Reduced -3.7k	-3,736 -3.5%
32	ECOLAB INC COM ECL	ECL	133,818	$37.3m0.75%	0.75%	Added +40	+40 0.0%
33	NORFOLK SOUTHN CORP COM NSC	NSC	123,694	$36.9m0.74%	0.74%	Reduced -2.1k	-2,074 -1.6%
34	NEXTERA ENERGY INC COM NEE	NEE	406,002	$35.6m0.71%	0.71%	Reduced -44.9k	-44,893 -10.0%
35	PROCTER AND GAMBLE CO COM PG	PG	252,406	$35.6m0.71%	0.71%	Added +187.6k	+187,584 289.4%
36	BLACKROCK INC COM BLK	BLK	37,385	$34.3m0.69%	0.69%	Reduced -5.8k	-5,845 -13.5%
37	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	45,278	$33.8m0.68%	0.68%	Reduced -9.1k	-9,126 -16.8%
38	PUBLIC STORAGE COM PSA	PSA	111,466	$33.8m0.68%	0.68%	Reduced -433	-433 -0.4%
39	JOHNSON & JOHNSON COM JNJ	JNJ	132,112	$33.6m0.67%	0.67%	Added +6.5k	+6,469 5.2%
40	CME GROUP INC COM CME	CME	159,681	$33.5m0.67%	0.67%	Reduced -2.8k	-2,797 -1.7%
41	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	73,641	$33.5m0.67%	0.67%	Added +55.6k	+55,557 307.2%
42	VERIZON COMMUNICATIONS INC COM VZ	VZ	819,386	$32.9m0.66%	0.66%	Reduced -20.8k	-20,812 -2.5%
43	BANK AMERICA CORP COM BAC	BAC	599,944	$32.6m0.65%	0.65%	Reduced -26.0k	-25,986 -4.2%
44	COSTCO WHSL CORP NEW COM COST	COST	33,613	$31.4m0.63%	0.63%	Reduced -2.2k	-2,229 -6.2%
45	CISCO SYS INC COM CSCO	CSCO	266,044	$31.2m0.63%	0.63%	Reduced -38.4k	-38,352 -12.6%
46	CASEYS GEN STORES INC COM CASY	CASY	39,023	$31.0m0.62%	0.62%	Reduced -11.6k	-11,609 -22.9%
47	DONALDSON INC COM DCI	DCI	358,083	$30.9m0.62%	0.62%	Reduced -5.6k	-5,627 -1.6%
48	DECKERS OUTDOOR CORP COM DECK	DECK	323,708	$30.4m0.61%	0.61%	Added +459	+459 0.1%
49	LOWES COS INC COM LOW	LOW	135,238	$29.8m0.60%	0.60%	Reduced -18.4k	-18,375 -12.0%
50	VANGUARD SCOTTSDALE FDS SHORT TERM TREAS VGSH	VGSH	508,786	$29.6m0.59%	0.59%	Reduced -17.7k	-17,655 -3.4%
51	TJX COS INC NEW COM TJX	TJX	190,043	$28.8m0.58%	0.58%	Added +422	+422 0.2%
52	KINDER MORGAN INC DEL COM KMI	KMI	838,492	$26.8m0.54%	0.54%	Added +24.4k	+24,389 3.0%
53	ULTA BEAUTY INC COM ULTA	ULTA	60,845	$26.1m0.52%	0.52%	Added +273	+273 0.5%
54	TE CONNECTIVITY PLC ORD SHS TEL	TEL	124,863	$25.2m0.50%	0.50%	Added +20.5k	+20,455 19.6%
55	CSX CORP COM CSX	CSX	510,907	$24.3m0.49%	0.49%	Reduced -23.2k	-23,186 -4.3%
56	CHEVRON CORP NEW COM CVX	CVX	146,341	$24.3m0.49%	0.49%	Reduced -12.3k	-12,284 -7.7%
57	NORTHROP GRUMMAN CORP COM NOC	NOC	47,515	$24.2m0.48%	0.48%	Reduced -3.2k	-3,250 -6.4%
58	ISHARES TR MBS ETF MBB	MBB	251,825	$23.8m0.48%	0.48%	Reduced -4.9k	-4,851 -1.9%
59	UNION PAC CORP COM UNP	UNP	87,248	$23.7m0.48%	0.48%	Reduced -265	-265 -0.3%
60	QUALCOMM INC COM QCOM	QCOM	127,477	$23.6m0.47%	0.47%	Reduced -241.7k	-241,726 -65.5%
61	UBER TECHNOLOGIES INC COM UBER	UBER	315,131	$22.7m0.46%	0.46%	Reduced -272.1k	-272,142 -46.3%
62	GE VERNOVA INC COM GEV	GEV	19,345	$22.7m0.46%	0.46%	Reduced -10.4k	-10,380 -34.9%
63	ROCKWELL AUTOMATION INC COM ROK	ROK	45,592	$22.6m0.45%	0.45%	Reduced -6.9k	-6,947 -13.2%
64	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	29,400	$22.4m0.45%	0.45%	Reduced -11.3k	-11,284 -27.7%
65	WALMART INC COM WMT	WMT	198,076	$22.4m0.45%	0.45%	Reduced -7.5k	-7,513 -3.6%
66	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	32,596	$22.4m0.45%	0.45%	Reduced -1.5k	-1,515 -4.4%
67	KINSALE CAP GROUP INC COM KNSL	KNSL	66,354	$21.9m0.44%	0.44%	Added +3.5k	+3,457 5.5%
68	ABBOTT LABS COM ABT	ABT	251,518	$21.6m0.43%	0.43%	Reduced -88.1k	-88,126 -25.9%
69	VANGUARD INDEX FDS MID CAP ETF VO	VO	259,117	$20.9m0.42%	0.42%	Added +1.7k	+1,653 0.6%
70	GRUPO AEROPUERTO DEL PACIFIC SPON ADS B PAC	PAC	81,091	$20.5m0.41%	0.41%	Reduced -1	-1 0.0%
71	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	85,341	$20.2m0.40%	0.40%	Reduced -9.9k	-9,860 -10.4%
72	SOUTHERN CO COM SO	SO	207,587	$19.9m0.40%	0.40%	Reduced -5.9k	-5,941 -2.8%
73	LINCOLN ELEC HLDGS INC COM LECO	LECO	73,610	$19.5m0.39%	0.39%	Reduced -1.0k	-1,033 -1.4%
74	ISHARES TR SHRT NAT MUN ETF SUB	SUB	183,174	$19.5m0.39%	0.39%	Reduced -7.4k	-7,446 -3.9%
75	PHILIP MORRIS INTL INC COM PM	PM	105,172	$19.0m0.38%	0.38%	Reduced -1.8k	-1,820 -1.7%
76	ISHARES TR IBONDS 27 TRM TS IBTH	IBTH	840,789	$18.8m0.38%	0.38%	Added +106.2k	+106,238 14.5%
77	SELECT SECTOR SPDR TR INDL XLI	XLI	100,116	$18.5m0.37%	0.37%	Reduced -521	-521 -0.5%
78	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	35,925	$18.0m0.36%	0.36%	Reduced -6.0k	-5,952 -14.2%
79	ISHARES TR IBONDS 26 TRM TS IBTG	IBTG	775,246	$17.7m0.36%	0.36%	Reduced -66.9k	-66,901 -7.9%
80	COCA COLA CO COM KO	KO	217,150	$17.6m0.35%	0.35%	Reduced -12.7k	-12,710 -5.5%
81	VANGUARD MUN BD FDS TAX EXEMPT BD VTEB	VTEB	335,119	$17.0m0.34%	0.34%	Reduced -14.5k	-14,539 -4.2%
82	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	530,769	$16.8m0.34%	0.34%	Added +68.4k	+68,410 14.8%
83	SCHWAB STRATEGIC TR US TIPS ETF SCHP	SCHP	623,683	$16.5m0.33%	0.33%	Reduced -12.5k	-12,495 -2.0%
84	REPUBLIC SVCS INC COM RSG	RSG	76,004	$16.2m0.32%	0.32%	Added +16.2k	+16,178 27.0%
85	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	301,516	$16.2m0.32%	0.32%	Reduced -5.1k	-5,138 -1.7%
86	WP CAREY INC COM WPC	WPC	224,344	$16.0m0.32%	0.32%	Added +9.2k	+9,192 4.3%
87	ARISTA NETWORKS INC COM SHS ANET	ANET	93,547	$15.9m0.32%	0.32%	Reduced -60.1k	-60,066 -39.1%
88	EMERSON ELEC CO COM EMR	EMR	110,931	$15.9m0.32%	0.32%	Reduced -6.9k	-6,936 -5.9%
89	SPDR SERIES TRUST PRTFLO S&P500 GW SPYG	SPYG	132,225	$15.7m0.32%	0.32%	Reduced -857	-857 -0.6%
90	SPDR SER TR PORTFOLIO S&P600 SPSM	SPSM	272,291	$15.7m0.31%	0.31%	Reduced -1.3k	-1,326 -0.5%
91	ISHARES TR S&P 100 ETF OEF	OEF	41,778	$15.3m0.31%	0.31%	Reduced -38	-38 -0.1%
92	POWELL INDS INC COM POWL	POWL	51,852	$14.8m0.30%	0.30%	Reduced -57.3k	-57,276 -52.5%
93	UNITED RENTALS INC COM URI	URI	13,051	$14.8m0.30%	0.30%	Reduced -233	-233 -1.8%
94	VANGUARD MALVERN FDS STRM INFPROIDX VTIP	VTIP	287,233	$14.4m0.29%	0.29%	Reduced -7.7k	-7,735 -2.6%
95	SYNOPSYS INC COM SNPS	SNPS	32,263	$14.4m0.29%	0.29%	Added +14.9k	+14,908 85.9%
96	CUMMINS INC COM CMI	CMI	19,949	$14.2m0.28%	0.28%	Reduced -656	-656 -3.2%
97	TRADEWEB MKTS INC CL A TW	TW	139,442	$13.9m0.28%	0.28%	Reduced -19.5k	-19,472 -12.2%
98	CORNING INC COM GLW	GLW	54,324	$13.9m0.28%	0.28%	Reduced -13.6k	-13,562 -20.0%
99	DEERE & CO COM DE	DE	21,702	$13.8m0.28%	0.28%	Reduced -3.8k	-3,768 -14.8%
100	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	18,692	$13.8m0.28%	0.28%	Reduced -363	-363 -1.9%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
GRAIL INC GRAL	GRAL	217,100	$11.2m217.1k shares
CIRCLE INTERNET GROUP INC CRCL	CRCL	72,670	$6.9m72.7k shares
HONEYWELL INTL INC		9,301	$4.2m9.3k shares
CARVANA CO CVNA	CVNA	28,885	$1.8m28.9k shares
ATLASSIAN CORPORATION TEAM	TEAM	18,820	$1.3m18.8k shares
INVESCO EXCH TRD SLF IDX FD BSJV	BSJV	44,900	$1.2m44.9k shares
GRAYSCALE BITCOIN TRUST ETF GBTC	GBTC	19,451	$1.0m19.5k shares
BOOT BARN HLDGS INC BOOT	BOOT	5,108	$747.6k5.1k shares
HOLOGIC INC HOLX	HOLX	9,476	$716.3k9.5k shares
EZCORP INC EZPW	EZPW	26,275	$666.9k26.3k shares
ADOBE INC ADBE	ADBE	2,664	$647.6k2.7k shares
INVESCO EXCHANGE TRADED FD T RSPS	RSPS	21,450	$632.8k21.4k shares
ISHARES TR ESGU	ESGU	4,310	$609.5k4.3k shares
MAIN STR CAP CORP MAIN	MAIN	10,851	$574.7k10.9k shares
ISHARES TR EMB	EMB	5,665	$532.1k5.7k shares
INTUIT INTU	INTU	1,150	$497.2k1.1k shares
COLUMBIA BKG SYS INC COLB	COLB	15,800	$433.4k15.8k shares
ISHARES SILVER TR SLV	SLV	6,128	$417.6k6.1k shares
GENUINE PARTS CO GPC	GPC	3,462	$366.1k3.5k shares
SERVICENOW INC NOW	NOW	3,501	$366.0k3.5k shares
NUVEEN AMT-FREE MUN VALUE FD NUW	NUW	23,126	$331.4k23.1k shares
ATI INC ATI	ATI	2,136	$310.7k2.1k shares
ARK ETF TR ARKF	ARKF	7,963	$302.7k8.0k shares
NIKE INC NKE	NKE	5,581	$294.8k5.6k shares
REINSURANCE GRP OF AMERICA I RGA	RGA	1,352	$276.0k1.4k shares