Bedell Frazier Investment Counselling, LLC
Long book
$495.0M
Q1 2026
Positions
128
Top-10 weight
39%
concentration
Last quarter
+10.5%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsBedell Frazier Investment Counselling, LLC is a diversified fundamental manager, running a $495.0M US long book across 128 positions.
The portfolio is moderately concentrated (top 10 ≈ 39% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, SPDR GOLD SHARES, ALPHABET INC-CL A, AMAZON.COM INC, JOHNSON & JOHNSON.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.4%
Q2 2024
+6.5%
Q3 2024
-2.9%
Q4 2024
-0.1%
Q1 2025
+6.9%
Q2 2025
+7.5%
Q3 2025
+4.4%
Q4 2025
-0.4%
Q1 2026
+10.5%
Sector allocation
Technology 35%
Consumer discretionary 11%
Healthcare 10%
Financials 10%
Industrials 9%
Energy 8%
Materials 6%
Consumer staples 4%
Long book by quarter
What does Bedell Frazier own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 163.2K | $41.4M | 8.4% | +1.2% |
| GOOGL ALPHABET INC-CL A | Technology | 90.5K | $26.0M | 5.3% | -0.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 122.6K | $25.5M | 5.2% | +5.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 53.2K | $13.0M | 2.6% | -11.6% |
| XOM EXXON MOBIL CORP | Energy | 74.1K | $12.6M | 2.5% | -2.7% |
| LLY ELI LILLY & CO | Healthcare | 13.0K | $11.9M | 2.4% | +0.8% |
| MSFT MICROSOFT CORP | Technology | 31.2K | $11.5M | 2.3% | +3.7% |
| LMT LOCKHEED MARTIN CORP | Industrials | 19.1K | $11.5M | 2.3% | -5.5% |
| KO COCA-COLA CO/THE | Consumer staples | 150.0K | $11.4M | 2.3% | -1.3% |
| META META PLATFORMS INC-CLASS A | Technology | 18.0K | $10.3M | 2.1% | +13.0% |
| C CITIGROUP INC | Financials | 86.4K | $9.8M | 2.0% | +8.4% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 34.6K | $8.4M | 1.7% | +1.2% |
| EQT EQT CORP | Energy | 129.5K | $8.2M | 1.7% | -0.1% |
| NVDA NVIDIA CORP | Technology | 45.1K | $7.9M | 1.6% | +2.3% |
| FCX FREEPORT-MCMORAN INC | Materials | 132.1K | $7.8M | 1.6% | -1.6% |
| ALB ALBEMARLE CORP | Materials | 39.4K | $7.1M | 1.4% | -0.9% |
| BLK BLACKROCK INC | Financials | 7.0K | $6.8M | 1.4% | +1.1% |
| LIN LINDE PLC | Materials | 13.0K | $6.5M | 1.3% | +147.0% |
| MCD MCDONALD'S CORP | Consumer discretionary | 19.8K | $6.2M | 1.2% | +2.2% |
| BAC BANK OF AMERICA CORP | Financials | 123.5K | $6.0M | 1.2% | -0.4% |
| DIS WALT DISNEY CO/THE | Services media | 61.9K | $6.0M | 1.2% | +1.0% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 6.9K | $5.3M | 1.1% | +0.4% |
| ETN EATON CORP PLC | Industrials | 14.9K | $5.3M | 1.1% | +2.5% |
| BA BOEING CO/THE | Industrials | 26.2K | $5.2M | 1.1% | 0.0% |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 12.4K | $4.9M | 1.0% | +1.3% |
| TSLA TESLA INC | Industrials | 12.4K | $4.6M | 0.9% | +3.0% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 48.1K | $4.5M | 0.9% | +24.2% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 4.2K | $4.2M | 0.8% | +0.3% |
| ROK ROCKWELL AUTOMATION INC | Other | 11.6K | $4.2M | 0.8% | -0.2% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 81.1K | $4.1M | 0.8% | -53.1% |
| JPM JPMORGAN CHASE & CO | Financials | 13.8K | $4.1M | 0.8% | -2.0% |
| CVX CHEVRON CORP | Energy | 19.4K | $4.0M | 0.8% | -1.7% |
| EOG EOG RESOURCES INC | Energy | 24.4K | $3.5M | 0.7% | -0.8% |
| NFLX NETFLIX INC | Services media | 33.8K | $3.2M | 0.7% | +1.9% |
| AMD ADVANCED MICRO DEVICES | Technology | 15.5K | $3.1M | 0.6% | +2.2% |
| CELH CELSIUS HOLDINGS INC | Consumer staples | 86.7K | $3.1M | 0.6% | +0.1% |
| HD HOME DEPOT INC | Consumer discretionary | 9.3K | $3.1M | 0.6% | +0.5% |
| WRBY WARBY PARKER INC-CLASS A | Healthcare | 133.8K | $2.8M | 0.6% | +196.1% |
| GOOG ALPHABET INC-CL C | Technology | 9.8K | $2.8M | 0.6% | -1.2% |
| LRCX LAM RESEARCH CORP | Industrials | 12.1K | $2.6M | 0.5% | -9.6% |
| CSCO CISCO SYSTEMS INC | Technology | 31.3K | $2.4M | 0.5% | -4.3% |
| SNOW SNOWFLAKE INC | Technology | 15.8K | $2.4M | 0.5% | -0.5% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 6.8K | $2.2M | 0.5% | -0.9% |
| GS GOLDMAN SACHS GROUP INC | Financials | 2.2K | $1.9M | 0.4% | -5.3% |
| AVGO BROADCOM INC | Technology | 5.8K | $1.8M | 0.4% | -1.8% |
| ULTA ULTA BEAUTY INC | Consumer discretionary | 3.2K | $1.7M | 0.3% | -0.9% |
| DKNG DRAFTKINGS INC-CL A | Services media | 75.4K | $1.6M | 0.3% | -3.0% |
| DVN DEVON ENERGY CORP | Energy | 26.8K | $1.3M | 0.3% | -13.6% |
| V VISA INC-CLASS A SHARES | Services media | 4.3K | $1.3M | 0.3% | -2.3% |
| PANW PALO ALTO NETWORKS INC | Technology | 7.9K | $1.3M | 0.3% | +31.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 128 | $495.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 133 | $518.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 129 | $486.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 110 | $397.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 102 | $392.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 107 | $403.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 101 | $418.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 96 | $414.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 96 | $400.1M | canonical | SEC ↗ |
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