Concord Investment Counsel

IRVINE, CAfiles as Concord Investment Counsel Inc.

$366m in 50 US stocks at the end of 30 June 2026. The top 10 are 57.1% of the money. It changed about 9.4% of the portfolio this quarter.

Value

$366m

Stocks

Top 10 share

57.1%

Turnover

9.4%

What changed this quarter

New

Bought for the first time this quarter.

J P Morgan Exchange Traded FJPST
1.5% of the fund
Ishares TRIWF
1.5% of the fund
Proshares TRNOBL
0.2% of the fund
Pimco ETF TRHYS
0.1% of the fund
Fidelity Comwlth TRONEQ
0.1% of the fund
Ishares TRIWO
<0.1% of the fund
Ishares TRIWP
<0.1% of the fund
Invesco Exchange Traded FD TPNQI
<0.1% of the fund
Ishares TRCMF
<0.1% of the fund

Added

Bought more of a stock they already held.

AppleAAPL
6.2% of the fund
+3%
MicrosoftMSFT
2.9% of the fund
+4%
Royal Caribbean CruisesRCL
1.8% of the fund
+20%
Ishares TREEM
1.1% of the fund
+3%
Ishares TRHYG
0.3% of the fund
+4%
Ishares TRMBB
0.2% of the fund
+9%
AlphabetGOOG
<0.1% of the fund
+86%
PCM FundPCM
<0.1% of the fund
+13%
Procter & GamblePG
<0.1% of the fund
+8%
Select Sector Spdr TRXLY
<0.1% of the fund
+31%

Cut

Sold some of their stake.

None this quarter.

Sold out

Sold their entire stake.

None this quarter.

Holdings

NvidiaNVDA
Share
10.6%
Value
$39m
Shares
194,352
Held
Select Sector Spdr TRXLI
Share
7.0%
Value
$26m
Shares
137,693
Held
Amazon.comAMZN
Share
6.9%
Value
$25m
Shares
106,190
Held
AlphabetGOOGL
Share
6.3%
Value
$23m
Shares
65,560
Held
AppleAAPL
Share
6.2%
Value
$23m
Shares
81,038
+3%
Dell TechnologiesDELL
Share
5.3%
Value
$20m
Shares
45,253
Held
Invesco QQQ TRQQQ
Share
4.2%
Value
$16m
Shares
21,128
Held
Ishares TRSOXX
Share
3.8%
Value
$14m
Shares
22,108
Held
Select Sector Spdr TRXLE
Share
3.5%
Value
$13m
Shares
238,584
Held
JPMorgan ChaseJPM
Share
3.3%
Value
$12m
Shares
36,656
Held
Bank of AmericaBAC
Share
3.3%
Value
$12m
Shares
210,638
Held
Meta PlatformsMETA
Share
3.2%
Value
$12m
Shares
20,644
Held
Select Sector Spdr TRXLK
Share
3.1%
Value
$12m
Shares
60,531
Held
MicrosoftMSFT
Share
2.9%
Value
$11m
Shares
30,114
+4%
EatonETN
Share
2.8%
Value
$10m
Shares
24,488
Held
Marriott InternationalMAR
Share
2.8%
Value
$10m
Shares
27,677
Held
UnitedHealth GroupUNH
Share
2.7%
Value
$10m
Shares
24,054
Held
NetflixNFLX
Share
2.5%
Value
$9m
Shares
130,572
Held
VisaV
Share
2.1%
Value
$8m
Shares
22,642
Held
Eli LillyLLY
Share
1.8%
Value
$7m
Shares
5,611
Held
Royal Caribbean CruisesRCL
Share
1.8%
Value
$6m
Shares
20,222
+20%
J P Morgan Exchange Traded FJPST
Share
1.5%
Value
$6m
Shares
110,745
New
Ishares TRIWF
Share
1.5%
Value
$5m
Shares
43,657
New
Ishares TRIBB
Share
1.4%
Value
$5m
Shares
27,445
Held
BroadcomAVGO
Share
1.4%
Value
$5m
Shares
13,528
Held
Ishares TRIHE
Share
1.3%
Value
$5m
Shares
49,456
Held
Costco WholesaleCOST
Share
1.2%
Value
$5m
Shares
4,818
Held
Select Sector Spdr TRXLP
Share
1.2%
Value
$4m
Shares
53,923
Held
Ishares TREEM
Share
1.1%
Value
$4m
Shares
59,281
+3%
SnowflakeSNOW
Share
0.9%
Value
$3m
Shares
12,685
Held
Ishares TRIHI
Share
0.6%
Value
$2m
Shares
42,288
Held
Ishares TRHYG
Share
0.3%
Value
$1m
Shares
15,553
+4%
Ishares TRMBB
Share
0.2%
Value
$644,815
Shares
6,822
+9%
Ishares TRIYE
Share
0.2%
Value
$614,398
Shares
10,857
Held
Proshares TRNOBL
Share
0.2%
Value
$587,658
Shares
10,464
New
Pimco ETF TRHYS
Share
0.1%
Value
$446,090
Shares
4,770
New
Fidelity Comwlth TRONEQ
Share
0.1%
Value
$414,015
Shares
4,059
New
ChevronCVX
Share
0.1%
Value
$380,303
Shares
2,294
Held
AlphabetGOOG
Share
<0.1%
Value
$363,577
Shares
1,909
+86%
PCM FundPCM
Share
<0.1%
Value
$358,494
Shares
64,246
+13%
QualcommQCOM
Share
<0.1%
Value
$205,047
Shares
1,110
Held
OracleORCL
Share
<0.1%
Value
$193,153
Shares
1,318
Held
Procter & GamblePG
Share
<0.1%
Value
$140,774
Shares
1,033
+8%
SLB LimitedSLB
Share
<0.1%
Value
$124,733
Shares
2,714
Held
Ishares TRIWO
Share
<0.1%
Value
$105,187
Shares
394
New
General MillsGIS
Share
<0.1%
Value
$76,073
Shares
2,186
Held
Ishares TRIWP
Share
<0.1%
Value
$59,735
Shares
515
New
Invesco Exchange Traded FD TPNQI
Share
<0.1%
Value
$59,436
Shares
1,304
New
Ishares TRCMF
Share
<0.1%
Value
$39,253
Shares
681
New
Select Sector Spdr TRXLY
Share
<0.1%
Value
$8,913
Shares
76
+31%

Company	Share of fund	Value	Shares	Change
NvidiaNVDA	10.6%	$39m	194,352	Held
Select Sector Spdr TRXLI	7.0%	$26m	137,693	Held
Amazon.comAMZN	6.9%	$25m	106,190	Held
AlphabetGOOGL	6.3%	$23m	65,560	Held
AppleAAPL	6.2%	$23m	81,038	+3%
Dell TechnologiesDELL	5.3%	$20m	45,253	Held
Invesco QQQ TRQQQ	4.2%	$16m	21,128	Held
Ishares TRSOXX	3.8%	$14m	22,108	Held
Select Sector Spdr TRXLE	3.5%	$13m	238,584	Held
JPMorgan ChaseJPM	3.3%	$12m	36,656	Held
Bank of AmericaBAC	3.3%	$12m	210,638	Held
Meta PlatformsMETA	3.2%	$12m	20,644	Held
Select Sector Spdr TRXLK	3.1%	$12m	60,531	Held
MicrosoftMSFT	2.9%	$11m	30,114	+4%
EatonETN	2.8%	$10m	24,488	Held
Marriott InternationalMAR	2.8%	$10m	27,677	Held
UnitedHealth GroupUNH	2.7%	$10m	24,054	Held
NetflixNFLX	2.5%	$9m	130,572	Held
VisaV	2.1%	$8m	22,642	Held
Eli LillyLLY	1.8%	$7m	5,611	Held
Royal Caribbean CruisesRCL	1.8%	$6m	20,222	+20%
J P Morgan Exchange Traded FJPST	1.5%	$6m	110,745	New
Ishares TRIWF	1.5%	$5m	43,657	New
Ishares TRIBB	1.4%	$5m	27,445	Held
BroadcomAVGO	1.4%	$5m	13,528	Held
Ishares TRIHE	1.3%	$5m	49,456	Held
Costco WholesaleCOST	1.2%	$5m	4,818	Held
Select Sector Spdr TRXLP	1.2%	$4m	53,923	Held
Ishares TREEM	1.1%	$4m	59,281	+3%
SnowflakeSNOW	0.9%	$3m	12,685	Held
Ishares TRIHI	0.6%	$2m	42,288	Held
Ishares TRHYG	0.3%	$1m	15,553	+4%
Ishares TRMBB	0.2%	$644,815	6,822	+9%
Ishares TRIYE	0.2%	$614,398	10,857	Held
Proshares TRNOBL	0.2%	$587,658	10,464	New
Pimco ETF TRHYS	0.1%	$446,090	4,770	New
Fidelity Comwlth TRONEQ	0.1%	$414,015	4,059	New
ChevronCVX	0.1%	$380,303	2,294	Held
AlphabetGOOG	<0.1%	$363,577	1,909	+86%
PCM FundPCM	<0.1%	$358,494	64,246	+13%
QualcommQCOM	<0.1%	$205,047	1,110	Held
OracleORCL	<0.1%	$193,153	1,318	Held
Procter & GamblePG	<0.1%	$140,774	1,033	+8%
SLB LimitedSLB	<0.1%	$124,733	2,714	Held
Ishares TRIWO	<0.1%	$105,187	394	New
General MillsGIS	<0.1%	$76,073	2,186	Held
Ishares TRIWP	<0.1%	$59,735	515	New
Invesco Exchange Traded FD TPNQI	<0.1%	$59,436	1,304	New
Ishares TRCMF	<0.1%	$39,253	681	New
Select Sector Spdr TRXLY	<0.1%	$8,913	76	+31%

Over time and by industry

Value over time

Dec '25

Jun '26

Value is up 16.3% since 30 September 2025.

Where the money is

Technology27.4%

Media & telecom12.1%

Retail & consumer11.4%

Financial services8.7%

Health care4.6%

Industrials2.8%

Everyday goods1.3%

Energy0.1%

Other31.6%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.