Bedell Frazier Investment Counselling, LLC

CIK 1388142 · View on SEC EDGAR ↗

Portfolio value
$495.0M
#3,791 of 9,443 by 13F value · top 40.1%
Positions
128
As of
March 31, 2026 Data as of Q1 2026

Portfolio value QoQ: -4.5% 13F does not disclose cash

Top 10 holdings weight
39.15%
Top 25 holdings weight
64.81%
Positions above 1%
32
Effective number of positions
38.1

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q1 2026: 6.2% Est. buys $31,398,436 · sells $52,822,464

Median holding: 6.0 quarters Tracked Q4 2024–Q1 2026 · 76.6% still held

New positions
9
Increased
47
Decreased
65
Closed
14
On this page

Performance vs S&P 500

Tracked Q3 2025–Q1 2026
+2.0%
S&P 500 total return (same window)
-1.6%
Excess return
+3.6%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 86.8% · Options excluded: 0.0%

Sector breakdown

Technology
18.4%
Communication Services
9.8%
Retail
7.8%
Healthcare
6.7%
Energy
6.6%
Industrials
6.1%
Materials
4.5%
Financials
4.3%
Consumer Staples
3.0%
Financial Services
3.0%
Consumer Discretionary
3.0%
Telecommunication
0.9%
Communications
0.5%
Utilities
0.5%
Consumer products
0.1%
Logistics & Transportation
0.1%
Other/Unmapped
24.8%

Full portfolio 128 positions

Type Streak 8Q trend
AAPL Apple Inc. - Common Stock $41,419,563 8.37% 163,204 $-2,430,574 Up ×3
GLD $27,863,429 5.63% 64,755 $1,703,798 Down ×5
GOOGL Alphabet Inc. - Class A Common Stock $26,037,886 5.26% 90,548 $-2,374,575 Down ×2
AMZN Amazon.com, Inc. - Common Stock $25,542,233 5.16% 122,640 $-1,379,920 Up ×2
JNJ Johnson & Johnson Common Stock $13,000,121 2.63% 53,183 $554,126 Down ×1
XOM Exxon Mobil Corporation Common Stock $12,570,672 2.54% 74,093 $3,406,698 Down ×3
SDS $12,358,534 2.50% 164,233 Up ×1
LLY Eli Lilly and Company Common Stock $11,938,511 2.41% 12,980 $-1,904,321 Up ×5
MSFT Microsoft Corporation - Common Stock $11,542,808 2.33% 31,182 $-2,992,609 Up ×3
LMT Lockheed Martin Corporation Common Stock $11,538,410 2.33% 19,091 $1,765,373 Down ×1
KO Coca-Cola Company (The) Common Stock $11,404,940 2.30% 149,966 $777,338 Down ×1
IYT IYT $10,842,290 2.19% 145,339 $119,630 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $10,282,916 2.08% 17,973 $-213,202 Up ×3
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF $10,150,144 2.05% 586,036 $2,545,942 Up ×1
C Citigroup, Inc. Common Stock $9,801,800 1.98% 86,428 $496,706 Up ×3
IBM International Business Machines Corporation Common Stock $8,393,142 1.70% 34,627 $-1,741,264 Up ×3
EQT EQT Corporation Common Stock $8,239,599 1.66% 129,472 $1,294,807 Down ×1
UTF Cohen & Steers Infrastructure Fund, Inc Common Stock $8,008,851 1.62% 309,461 $338,616 Down ×5
NVDA NVIDIA Corporation - Common Stock $7,868,771 1.59% 45,119 $-357,390 Up ×1
DYNF $7,799,146 1.58% 134,052 $-117,769 Up ×1
FCX Freeport-McMoRan, Inc. Common Stock $7,765,544 1.57% 132,112 $947,138 Down ×1
ALB Albemarle Corporation Common Stock $7,078,868 1.43% 39,430 $1,449,414 Down ×2
BLK BlackRock, Inc. Common Stock $6,751,205 1.36% 7,020 $-681,236 Up ×3
LIN Linde plc - Ordinary Shares $6,453,308 1.30% 13,017 $4,206,659 Up ×1
MCD McDonald's Corporation Common Stock $6,167,006 1.25% 19,843 $230,754 Up ×2
BAC Bank of America Corporation Common Stock $6,020,663 1.22% 123,501 $-800,040 Down ×1
DIS Walt Disney Company (The) Common Stock $5,961,378 1.20% 61,853 $-1,008,607 Up ×2
AGG $5,792,652 1.17% 58,352 $552,298 Up ×5
XLK XLK $5,637,618 1.14% 42,420 $-817,421 Down ×1
REGN Regeneron Pharmaceuticals, Inc. - Common Stock $5,331,216 1.08% 6,900 $26,925 Up ×1
ETN Eaton Corporation, PLC Ordinary Shares $5,319,269 1.07% 14,872 $696,733 Up ×1
BA Boeing Company (The) Common Stock $5,205,630 1.05% 26,155 $-474,664 Down ×1
PICK $4,867,816 0.98% 86,019 $847,637 Up ×1
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $4,853,578 0.98% 12,432 $-898,576 Up ×4
TSLA Tesla, Inc. - Common Stock $4,599,291 0.93% 12,372 $-804,995 Up ×1
SCHW Charles Schwab Corporation (The) Common Stock $4,518,089 0.91% 48,075 $650,972 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $4,438,346 0.90% 13,133 $406,898 Down ×1
COST Costco Wholesale Corporation - Common Stock $4,193,974 0.85% 4,209 $574,733 Up ×2
ROK Rockwell Automation, Inc. Common Stock $4,170,545 0.84% 11,621 $-358,230 Down ×4
PHO Invesco Water Resources ETF $4,115,501 0.83% 61,554 $-192,787 Up ×1
VZ Verizon Communications Inc. Common Stock $4,072,779 0.82% 81,131 $-2,968,211 Down ×3
JPM JP Morgan Chase & Co. Common Stock $4,069,905 0.82% 13,836 $-479,095 Down ×1
CVX Chevron Corporation Common Stock $4,017,072 0.81% 19,416 $1,007,839 Down ×2
EOG EOG Resources, Inc. Common Stock $3,528,520 0.71% 24,407 $944,013 Down ×3
XLF XLF $3,517,613 0.71% 71,250 $-366,073 Up ×2
XLI XLI $3,413,959 0.69% 21,109 $147,597 Up ×1
NFLX Netflix, Inc. - Common Stock $3,248,717 0.66% 33,788 $138,885 Up ×2
XLB XLB $3,239,606 0.65% 64,831 $1,394,677 Up ×3
AMD Advanced Micro Devices, Inc. - Common Stock $3,148,690 0.64% 15,478 $-95,620 Up ×1
CELH Celsius Holdings, Inc. - Common Stock $3,076,862 0.62% 86,721 $-887,653 Up ×3
HD Home Depot, Inc. (The) Common Stock $3,054,162 0.62% 9,286 $-126,792 Up ×4
WRBY Warby Parker Inc. Class A Common Stock $2,819,145 0.57% 133,799 $1,834,672 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $2,802,800 0.57% 9,771 $-299,935 Down ×3
LRCX Lam Research Corporation - Common Stock $2,589,560 0.52% 12,120 $294,036 Down ×2
CSCO Cisco Systems, Inc. - Common Stock $2,430,214 0.49% 31,321 $-90,533 Down ×1
SNOW Snowflake Inc. Common Stock $2,384,465 0.48% 15,810 $-1,100,069 Down ×1
MAR Marriott International - Class A Common Stock $2,228,983 0.45% 6,815 $94,531 Down ×3
USFR $1,972,624 0.40% 39,186 $161,808 Up ×5
GS Goldman Sachs Group, Inc. (The) Common Stock $1,895,864 0.38% 2,241 $-184,729 Down ×5
XLV XLV $1,876,547 0.38% 12,800 $-155,293 Down ×5
AVGO Broadcom Inc. - Common Stock $1,809,086 0.37% 5,845 $-250,902 Down ×5
ULTA Ulta Beauty, Inc. - Common Stock $1,680,513 0.34% 3,215 $-281,535 Down ×2
DKNG DraftKings Inc. - Class A Common Stock $1,630,819 0.33% 75,431 $-1,047,757 Down ×2
HACK $1,403,358 0.28% 18,689 $357,824 Up ×3
DVN Devon Energy Corporation Common Stock $1,349,885 0.27% 26,826 $212,267 Down ×1
VOO $1,345,086 0.27% 2,251 $38,774 Up ×2
V Visa Inc. $1,294,595 0.26% 4,283 $-243,736 Down ×3
PANW Palo Alto Networks, Inc. - Common Stock $1,263,162 0.26% 7,879 $162,014 Up ×4
BCAL California BanCorp - Common Stock $1,095,362 0.22% 61,815 $-58,725
SPY SPY $1,048,999 0.21% 1,613 $-64,577 Down ×1
VRT Vertiv Holdings, LLC Class A Common Stock $1,026,126 0.21% 4,095 $334,343 Down ×3
WMB Williams Companies, Inc. (The) Common Stock $966,956 0.20% 13,286 $180,176 Up ×1
SLB SLB Limited Common Shares $928,053 0.19% 18,059
SO Southern Company (The) Common Stock $923,793 0.19% 9,571 $32,609 Down ×2
BHP BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) $879,500 0.18% 12,091 $132,421 Down ×1
EWZ $829,455 0.17% 21,606 $-4,887,366 Down ×1
DLTR Dollar Tree, Inc. - Common Stock $789,312 0.16% 7,208 $-62,369 Up ×1
NLR $766,243 0.15% 5,753
PFE Pfizer, Inc. Common Stock $762,457 0.15% 27,153 $105,221 Up ×1
FBT $677,969 0.14% 3,376 $-44,232 Down ×1
INDA $664,004 0.13% 14,176 $-107,722 Down ×1
TT Trane Technologies plc $630,945 0.13% 1,514 $16,009 Down ×5
XLC XLC $600,307 0.12% 5,415 $-69,520 Down ×1
ESLT Elbit Systems Ltd. - Ordinary Shares $551,909 0.11% 650 $-25,801 Down ×2
CEG Constellation Energy Corporation - Common Stock When-Issued $533,089 0.11% 1,909 $133,893 Up ×3
ABBV AbbVie Inc. Common Stock $518,497 0.10% 2,384 $-43,132 Down ×1
BE Bloom Energy Corporation Class A Common Stock $498,333 0.10% 3,678 $118,623 Down ×1
MRK Merck & Company, Inc. Common Stock (new) $495,607 0.10% 4,120 $30,453 Down ×3
NEE NextEra Energy, Inc. Common Stock $485,298 0.10% 5,225 $31,154 Down ×1
WFC Wells Fargo & Company Common Stock $448,762 0.09% 5,637 $-76,048 Up ×2
XLY XLY $438,536 0.09% 4,024 $-101,317 Down ×1
WMT Walmart Inc. - Common Stock $437,896 0.09% 3,523 $22,954 Down ×3
INTC Intel Corporation - Common Stock $427,576 0.09% 9,689 $-79,394 Down ×1
ACWX iShares MSCI ACWI ex U.S. ETF $416,093 0.08% 6,077 $29,894 Up ×4
GBTC $414,536 0.08% 7,857 $-142,052 Down ×5
NKE Nike, Inc. Common Stock $411,099 0.08% 7,783 $-3,701,594 Down ×2
RTX RTX Corporation Common Stock $402,004 0.08% 2,084 $-68,234 Down ×1
CCJ Cameco Corporation Common Stock $401,640 0.08% 3,698 $61,205 Down ×1
IVOO $400,006 0.08% 3,499 $17,314 Up ×1
MDT Medtronic plc. Ordinary Shares $389,232 0.08% 4,492 $3,166 Up ×3

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
AAPL $41,419,563 8.37% up ×3
LLY $11,938,511 2.41% up ×5
MSFT $11,542,808 2.33% up ×3
META $10,282,916 2.08% up ×3
C $9,801,800 1.98% up ×3
IBM $8,393,142 1.70% up ×3
BLK $6,751,205 1.36% up ×3
AGG $5,792,652 1.17% up ×5
CRWD $4,853,578 0.98% up ×4
XLB $3,239,606 0.65% up ×3
CELH $3,076,862 0.62% up ×3
HD $3,054,162 0.62% up ×4
USFR $1,972,624 0.40% up ×5
HACK $1,403,358 0.28% up ×3
PANW $1,263,162 0.26% up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
SDS $12,358,534 164,233 2.50%
SLB $928,053 18,059 0.19%
NLR $766,243 5,753 0.15%
D $250,990 4,060 0.05%
UPS $250,378 2,545 0.05%
EPD $233,841 6,180 0.05%
ASML $212,654 161 0.04%
BP $211,500 4,500 0.04%
ED $203,724 1,800 0.04%

Top movers (QoQ)

Security Action Shares Δ Value Δ
LIN Bought more +8K +$4.2M
XOM Trimmed -2K +$3.4M
MSFT Bought more +1K -$3.0M
VZ Trimmed -92K -$3.0M
PDBC Bought more +12K +$2.5M
AAPL Bought more +2K -$2.4M
GOOGL Trimmed -227 -$2.4M
LLY Bought more +99 -$1.9M
WRBY Bought more +89K +$1.8M
LMT Trimmed -1K +$1.8M

2 positions hidden (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
UBER March 31, 2026 141,659 $11,574,957 8.7%
XLF March 31, 2025 196,493 $9,496,507 No longer tracked
XLU March 31, 2026 195,751 $8,356,611 No longer tracked
IJT March 31, 2025 58,158 $7,872,849
FEZ Sept. 30, 2025 131,365 $7,846,432 No longer tracked
GDX June 30, 2025 164,050 $7,541,379 No longer tracked
ANET March 31, 2026 54,524 $7,144,280 53.4%
SLV June 30, 2025 230,369 $7,139,136 No longer tracked
TGT Sept. 30, 2025 58,249 $5,746,264 81.1%
COP March 31, 2025 55,706 $5,524,365 29.0%
SDS Sept. 30, 2025 316,489 $5,269,542 No longer tracked
ROKU Dec. 31, 2025 46,799 $4,685,984 45.2%
SLB June 30, 2025 98,839 $4,131,471 59.2%
XYL Dec. 31, 2025 22,212 $3,276,302 -16.4%
CMCSA Sept. 30, 2025 91,427 $3,263,030 -15.8%
STZ June 30, 2025 16,010 $2,938,156 -17.4%
XYZ Dec. 31, 2025 35,378 $2,556,769 23.0%
UNH Sept. 30, 2025 8,153 $2,543,492 12.2%
GAP March 31, 2026 82,852 $2,121,012 -17.1%
CPT Sept. 30, 2025 8,214 $925,636 1.3%
NLR March 31, 2025 9,444 $768,175 No longer tracked
CL March 31, 2025 6,714 $610,370 -3.7%
AMD June 30, 2025 5,225 $536,817 231.8%
IEF Sept. 30, 2025 5,417 $518,787
VTI March 31, 2026 1,174 $393,683 No longer tracked
ULXXXX Dec. 31, 2025 6,606 $391,604 No longer tracked
CRDO March 31, 2025 5,587 $375,503 476.3%
CRSP Sept. 30, 2025 7,646 $371,902 -8.1%
ITA March 31, 2025 2,478 $360,178 No longer tracked
IWM March 31, 2026 1,442 $354,963 No longer tracked
IWM March 31, 2025 1,381 $305,146 No longer tracked
MRK March 31, 2025 3,001 $298,549 69.0%
CB Dec. 31, 2025 950 $268,138 10.1%
ORCL Dec. 31, 2025 928 $260,927 -24.9%
ADBE March 31, 2026 744 $260,393 12.3%
WIX March 31, 2025 1,200 $257,460 -50.8%
CCJ June 30, 2025 6,244 $257,004 36.9%
OKLO Dec. 31, 2025 2,300 $256,749 -40.1%
XRT March 31, 2026 3,006 $256,382 No longer tracked
BX March 31, 2026 1,585 $244,312 24.6%
CHKP Dec. 31, 2025 1,075 $222,429 -30.2%
XLY March 31, 2025 986 $221,210 No longer tracked
SPMO Dec. 31, 2025 1,807 $218,756 No longer tracked
EPD Dec. 31, 2025 6,980 $218,256 20.1%
WIX Dec. 31, 2025 1,200 $213,156 -22.7%
SYK March 31, 2026 600 $210,882 0.6%
MDB March 31, 2025 896 $208,598 138.6%
UPS Sept. 30, 2025 2,060 $207,937 23.7%
SOFI March 31, 2026 7,936 $207,765 17.5%
FEZ March 31, 2026 3,180 $204,761 No longer tracked
XLRE March 31, 2026 5,045 $203,566 No longer tracked
CRDO Dec. 31, 2025 1,395 $203,126 60.8%
HOOD March 31, 2026 1,776 $200,866 53.4%
PEP June 30, 2025 1,335 $200,170 8.0%