Capital Investment Counsel, LLC

RIA/Wealth

Capital Investment Counsel, LLC is a RIA/Wealth based in Denver, CO led by Stephen John Dreiling, reporting $1.2B in AUM as of Q3 2025 with 45% ETF concentration.

Managing PartnerStephen John Dreiling

Portfolio Value: $670.2M
Positions: 133
Top Holding: AVGO at 3.11%
Last Reported: Q3 2025

Address600 Grant St., Ste. 450, Denver, CO, 80203, United States

Top Holdings

Largest long holdings in Capital Investment Counsel, LLC's portfolio (26.3% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Broadcom Inc. AVGO	Semiconductors Technology	$20.8M	3.11%	-$4.1M Sold	0.00% 63.2K shares	Q4 2023 Held for 1y 11m
2 Invesco BulletShares 2031 Corporate Bond BSCV	ETF ETF	$20.8M	3.11%	+$269.8K Bought	— 1.2M shares	Q1 2024 Held for 1y 8m
3 Invesco BulletShares 2029 Corporate Bond BSCT	ETF ETF	$19.6M	2.93%	-$599.1K Sold	— 1.0M shares	Q2 2024 Held for 1y 5m
4 First Trust Senior Loan Fund FTSL	ETF ETF	$18.8M	2.81%	+$2.5M Bought	— 410.8K shares	Q4 2023 Held for 1y 11m
5 Microsoft MSFT	Software - Infrastructure Technology	$18.1M	2.71%	-$572.8K Sold	0.00% 35.0K shares	Q4 2023 Held for 1y 11m
6 HYDB iShares High Yield Systematic Bond HYDB	ETF ETF	$17.7M	2.65%	+$2.4M Bought	— 370.9K shares	Q2 2024 Held for 1y 5m
7 Apple AAPL	Consumer Electronics Technology	$16.9M	2.53%	+$260.0K Bought	0.00% 66.5K shares	Q4 2023 Held for 1y 11m
8 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$15.1M	2.25%	-$535.5K Sold	0.00% 62.1K shares	Q4 2023 Held for 1y 11m
9 Invesco BulletShares 2030 Corporate Bond ETF BSCU	ETF ETF	$15.1M	2.25%	+$3.7M Bought	— 891.4K shares	Q4 2024 Held for 11 months
10 iShares Core S&P Mid-Cap ETF IJH	ETF ETF	$12.9M	1.93%	+$401.2K Bought	— 197.7K shares	Q4 2023 Held for 1y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Capital Investment Counsel, LLC's latest filing

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Market Value

$670.2M

Prior: $636.5M

Q/Q Change

+5.31%

+$33.8M

Net Flows % of MV

+0.805%

Turnover Ratio

5.37%

New Purchases

9 stocks

$14.2M

Added To

62 stocks

+$24.3M

Sold Out Of

4 stocks

$8.7M

Reduced Holdings

51 stocks

-$24.4M

Increased Positions

Position	Shares Δ	Change
1 XFIV BondBloxx Bloomberg Five Year Target Duration US Treasury XFIV	New	0 → 141.0K +$7.0M
2 Invesco S&P 500 Momentum SPMO	New	0 → 41.2K +$5.0M
3 Tesla, Inc. TSLA	New	0 → 1.1K +$492.8K
4 Vanguard High Dividend Yield VYM	New	0 → 2.6K +$366.5K
5 SPHQ Invesco S&P 500 Quality ETF SPHQ	New	0 → 4.9K +$355.6K

Decreased Positions

Position	Shares Δ	Change
1 EOG Resources EOG	Sold	40.8K → 0 −$4.9M
2 SNY Sanofi SNY	Sold	68.2K → 0 −$3.3M
3 Invesco High Yield Equity Dividend Achievers PEY	Sold	13.5K → 0 −$275.3K
4 LMBS First Trust Low Duration Opportunities LMBS	Sold	4.2K → 0 −$206.6K
5 Energy Select Sector SPDR Fund XLE	-78.13%	13.1K → 2.9K −$914.7K

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Analytics

Portfolio insights and performance metrics for Capital Investment Counsel, LLC

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Sector Allocation

ETF

45.40%

Technology

10.50%

Financial Services

9.10%

Industrials

9.00%

Consumer Cyclical

4.60%

Consumer Defensive

4.60%

Healthcare

4.30%

Energy

2.80%

Real Estate

2.60%

Communication Services

2.60%

Utilities

1.60%

Market Cap Distribution

Mega Cap (> $200B)

28.71%

Large Cap ($10B - $200B)

22.34%

Mid Cap ($2B - $10B)

0.67%

N/A (ETF or Unknown)

48.27%

Portfolio Concentration

Top 10 Holdings %

26.26%

Top 20 Holdings %

42.81%

Top 50 Holdings %

76.18%

Top 100 Holdings %

98.4%