Capital Investment Counsel, Inc

The portfolio consists of 261 holdings, indicating a diversified approach. However, the management strategy has shifted notably over the quarter. The filing reveals a high turnover rate, with 30 new positions initiated and **30 positions sold completely. This level of churn—combined with the fact that only 5 positions were increased while 15 were reduced—signals a proactive reallocation of capital rather than a passive "buy-and-hold" strategy. The firm appears to be aggressively repositioning its core equity exposure.

2. Key Holdings

The portfolio is heavily concentrated in a select group of mega-cap technology and quality consumer staples companies. The top 10 holdings account for approximately 54.4% of the total portfolio value, indicating a conviction-based approach to large-cap leaders.