Bedel Financial Consulting, Inc.
Long book
$870.0M
Q1 2026
Positions
293
Top-10 weight
59%
concentration
Last quarter
+18.1%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsBedel Financial Consulting, Inc. is an institutional manager, specialised in healthcare (66% of the long book), running a $870.0M US long book across 293 positions.
The portfolio is concentrated: the top 10 names carry 59% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ELI LILLY & CO, DIMENSIONAL INTERNATIONAL CO, VANGUARD TAX-EXEMPT BOND ETF, DIMENSIONAL EMERGING CORE EQ, APPLE INC.
Over the last 9 quarters its long book ran on average 0.1pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+7.6%
Q2 2024
+2.8%
Q3 2024
-5.4%
Q4 2024
+2.3%
Q1 2025
+3.2%
Q2 2025
+3.8%
Q3 2025
+15.0%
Q4 2025
-6.0%
Q1 2026
+18.1%
Sector allocation
Healthcare 67%
Technology 14%
Financials 7%
Industrials 3%
Consumer discretionary 3%
Energy 2%
Consumer staples 1%
Utilities 1%
Long book by quarter
What does Bedel Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LLY ELI LILLY & CO | Healthcare | 327.6K | $301.3M | 34.6% | -0.1% |
| AAPL APPLE INC | Technology | 76.9K | $19.5M | 2.2% | -1.1% |
| MSFT MICROSOFT CORP | Technology | 33.7K | $12.5M | 1.4% | +0.2% |
| JPM JPMORGAN CHASE & CO | Financials | 31.5K | $9.3M | 1.1% | -0.7% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 18.5K | $8.9M | 1.0% | -1.0% |
| GOOGL ALPHABET INC-CL A | Technology | 21.1K | $6.1M | 0.7% | +0.3% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 7 | $5.0M | 0.6% | Held |
| NVDA NVIDIA CORP | Technology | 25.3K | $4.4M | 0.5% | +0.2% |
| GOOG ALPHABET INC-CL C | Technology | 14.8K | $4.2M | 0.5% | -0.2% |
| XOM EXXON MOBIL CORP | Energy | 23.9K | $4.1M | 0.5% | -0.3% |
| CMI CUMMINS INC | Industrials | 6.8K | $3.6M | 0.4% | -4.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 13.2K | $3.2M | 0.4% | -0.7% |
| WMT WALMART INC | Consumer discretionary | 25.3K | $3.1M | 0.4% | -0.3% |
| AMAT APPLIED MATERIALS INC | Technology | 9.2K | $3.1M | 0.4% | -0.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 14.1K | $2.9M | 0.3% | +1.5% |
| ABBV ABBVIE INC | Healthcare | 11.7K | $2.6M | 0.3% | +0.2% |
| CSCO CISCO SYSTEMS INC | Technology | 29.6K | $2.3M | 0.3% | -0.2% |
| ORCL ORACLE CORP | Technology | 15.3K | $2.3M | 0.3% | -0.3% |
| MCD MCDONALD'S CORP | Consumer discretionary | 7.1K | $2.2M | 0.3% | -0.2% |
| PEP PEPSICO INC | Consumer staples | 12.4K | $1.9M | 0.2% | -0.5% |
| KO COCA-COLA CO/THE | Consumer staples | 24.8K | $1.9M | 0.2% | Held |
| CVX CHEVRON CORP | Energy | 8.8K | $1.8M | 0.2% | +0.1% |
| HD HOME DEPOT INC | Consumer discretionary | 5.5K | $1.8M | 0.2% | -0.6% |
| META META PLATFORMS INC-CLASS A | Technology | 3.0K | $1.7M | 0.2% | -1.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 10.6K | $1.5M | 0.2% | -12.4% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 3.2K | $1.5M | 0.2% | Held |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 6.4K | $1.5M | 0.2% | -0.4% |
| CAT CATERPILLAR INC | Industrials | 1.9K | $1.4M | 0.2% | -0.9% |
| LOW LOWE'S COS INC | Consumer discretionary | 5.8K | $1.4M | 0.2% | -0.6% |
| DIS WALT DISNEY CO/THE | Services media | 14.0K | $1.3M | 0.2% | -0.8% |
| TSLA TESLA INC | Industrials | 3.5K | $1.3M | 0.2% | -0.4% |
| AXP AMERICAN EXPRESS CO | Financials | 4.2K | $1.3M | 0.1% | -4.9% |
| RTX RTX CORP | Industrials | 6.5K | $1.2M | 0.1% | +0.7% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 8.5K | $1.2M | 0.1% | -6.5% |
| HBAN HUNTINGTON BANCSHARES INC | Financials | 77.7K | $1.2M | 0.1% | +0.6% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.1K | $1.1M | 0.1% | -2.7% |
| INTC INTEL CORP | Technology | 23.4K | $1.0M | 0.1% | -2.3% |
| AVGO BROADCOM INC | Technology | 3.3K | $1.0M | 0.1% | +0.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 4, 2026 | 300 | $888.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 28, 2026 | 293 | $929.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 289 | $783.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 277 | $733.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 264 | $697.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 6, 2025 | 270 | $720.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 260 | $708.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 5, 2024 | 252 | $682.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 254 | $637.5M | canonical | SEC ↗ |