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StocksMedium•12 April 2026•

1 min read

Carnegie Investment Counsel Rebalances Q4 Portfolio, Trims Adobe Stake

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Key Facts

1Carnegie Investment Counsel reduced its stake in Adobe Inc. by 41.2%, leaving a remaining holding valued at $2.8 million.

Carnegie Investment Counsel executed significant adjustments to its equity portfolio during the fourth quarter, reflecting a strategic shift across various sectors. The firm notably reduced its position in Adobe Inc. by 41.2%, leaving a remaining holding valued at approximately $2.8 million. Conversely, Carnegie increased its exposure to the retail sector by boosting its stake in Home Depot by 24.8%, bringing the total value to $37.27 million. The investment counsel also established a new position in CVS Health Corporation, acquiring 48,695 shares worth about $3.86 million. In the financial sector, the firm raised its stake in Truist Financial by 57.8%, despite the bank missing its quarterly earnings expectations. These moves suggest a tactical rebalancing aimed at capturing dividend yields in retail and finance while mitigating risks in the software industry.