Chesley Taft & Associates LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 19, 2024), Chesley Taft & Associates LLC reported 309 stock positions worth $2.0 billion. Its top holding was Microsoft (MSFT) at 5.4% of the portfolio, followed by Alphabet Class C (GOOG, 4.4%) and Apple (AAPL, 3.2%). Compared with Q1 2024, it opened 7 new positions, sold out of 10, added to 106 and reduced 134. The biggest buy was Chubb (CB, shares +2301%) and the biggest sale an exit from Cencora (COR).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001164632
- Portfolio Value
- $2.0B (Q2 2024)
- SEC Filing
- 0001085146-24-003101 ↗ filed Jul 19, 2024
Holdings Value
Holdings 309 stocks · $2.0B
| MSFT Microsoft Corp. | 5.40% | 240,950 | $107.7M | Add +0.1% |
| GOOG Alphabet Inc. Class C | 4.38% | 476,099 | $87.3M | Reduce -0.6% |
| AAPL Apple Inc. | 3.22% | 305,380 | $64.3M | Reduce -6.3% |
| COST Costco Wholesale Corp. | 3.11% | 72,903 | $62.0M | Reduce -1.8% |
| NVDA Nvidia Corp. | 2.89% | 467,330 | $57.7M | Add +0.1% |
| AVGO Broadcom Inc. | 2.85% | 35,430 | $56.9M | Reduce -1.4% |
| SYK Stryker Corp. | 2.57% | 150,627 | $51.3M | Add +0.7% |
| AMZN Amazon.com Inc. | 2.46% | 254,296 | $49.1M | Add +0.8% |
| JPM JPMorgan Chase & Co. | 2.09% | 205,946 | $41.7M | Add +1.0% |
| PEP Pepsico Inc. | 2.01% | 243,267 | $40.1M | Add +1.1% |
| IJH iShares Core S&P Midcap ETF | 1.94% | 662,278 | $38.8M | Add +1.2% |
| IJR iShares Core S&P Small-Cap E | 1.94% | 362,371 | $38.7M | Add +2.0% |
| V Visa Inc. Class A | 1.74% | 131,960 | $34.6M | Reduce -0.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.63% | 59,797 | $32.5M | Reduce -1.8% |
| PANW Palo Alto Networks Inc. | 1.56% | 91,765 | $31.1M | Add +2.7% |
| JNJ Johnson & Johnson | 1.55% | 210,928 | $30.8M | Add +1.1% |
| IXUS iShares Core Intl Stock ETF | 1.44% | 424,256 | $28.7M | Add +28.7% |
| ACN Accenture PLC Class A | 1.44% | 94,350 | $28.6M | Add +1.9% |
| HON Honeywell International Inc. | 1.38% | 128,876 | $27.5M | Reduce -7.6% |
| ORCL Oracle Corp. | 1.26% | 177,564 | $25.1M | Add +2.1% |
| ABT Abbott Laboratories | 1.24% | 238,047 | $24.7M | Add +0.3% |
| MA Mastercard Inc. Class A | 1.21% | 54,611 | $24.1M | Reduce -0.8% |
| CB Chubb Ltd. | 1.13% | 88,710 | $22.6M | Add +2300.8% |
| GLD SPDR Gold Shares | 1.13% | 105,141 | $22.6M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 1.12% | 122,314 | $22.3M | Add +1.0% |
| TMO Thermo Fisher Scientific Inc. | 1.11% | 40,041 | $22.1M | Add +1.5% |
| AXP American Express Co. | 1.10% | 94,346 | $21.8M | Reduce -0.2% |
| HD Home Depot Inc. | 1.07% | 62,087 | $21.4M | Reduce -0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.07% | 214,305 | $21.3M | Add +1.6% |
| ADBE Adobe Inc. | 1.06% | 38,051 | $21.1M | Add +0.3% |
| ITW Illinois Tool Works | 1.05% | 88,366 | $20.9M | Reduce -0.5% |
| LLY Eli Lilly & Co. | 1.02% | 22,553 | $20.4M | Add +5.4% |
| DHR Danaher Corp. | 0.97% | 77,531 | $19.4M | Add +0.6% |
| ZTS Zoetis Inc. | 0.95% | 109,532 | $19.0M | Add +82.4% |
| META Meta Platforms Inc. Class A | 0.93% | 36,810 | $18.6M | Add +1.6% |
| MUB iShares National Muni Bond E | 0.92% | 171,341 | $18.3M | Add +1.8% |
| WM Waste Management Inc. | 0.89% | 83,406 | $17.8M | Add +0.1% |
| KO The Coca-Cola Co. | 0.87% | 271,485 | $17.3M | Add +3.4% |
| IVV iShares Core S&P 500 ETF | 0.83% | 30,334 | $16.6M | Add +13.4% |
| UNH Unitedhealth Group Inc. | 0.81% | 31,919 | $16.3M | Reduce -44.8% |
| AZO AutoZone Inc. | 0.79% | 5,332 | $15.8M | Add +4.0% |
| XOM Exxon Mobil Corp. | 0.72% | 125,074 | $14.4M | Reduce -0.4% |
| VEU Vanguard Ftse All-World Ex-U | 0.72% | 245,114 | $14.4M | Reduce -30.8% |
| APH Amphenol Corp. Class A | 0.71% | 210,728 | $14.2M | Reduce -1.8% |
| CRM Salesforce Inc. | 0.62% | 47,763 | $12.3M | Reduce -1.5% |
| UNP Union Pacific Corp. | 0.58% | 50,975 | $11.5M | Reduce -0.0% |
| XLF SS Financial Select Sector | 0.57% | 278,834 | $11.5M | Reduce -0.4% |
| ICE Intercontinental Exchange Inc. | 0.57% | 83,714 | $11.5M | Reduce -0.4% |
| BX Blackstone Inc. | 0.55% | 89,110 | $11.0M | Add +0.0% |
| VEA Vanguard Ftse Developed ETF | 0.54% | 217,658 | $10.8M | Add +1.1% |
| AGG iShares Core U.S. Aggregate | 0.54% | 110,607 | $10.7M | Add +3.8% |
| NEE Nextera Energy Inc. | 0.51% | 144,386 | $10.2M | Add +10.1% |
| ECL Ecolab Inc. | 0.49% | 41,233 | $9.8M | Add +0.2% |
| EFA iShares MSCI Eafe ETF | 0.49% | 125,111 | $9.8M | Reduce -2.0% |
| CHD Church & Dwight Co. Inc. | 0.47% | 90,549 | $9.4M | Add +0.2% |
| FISV Fiserv Inc. | 0.46% | 61,387 | $9.1M | Add +0.8% |
| WTW Willis Towers Watson PLC | 0.45% | 34,343 | $9.0M | Add +0.6% |
| WFC Wells Fargo & Co. | 0.42% | 142,473 | $8.5M | Add +7.5% |
| RTX RTX Corp. | 0.42% | 84,028 | $8.4M | Add +6.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.42% | 31,525 | $8.4M | Add +1.5% |
| MRK Merck & Co. Inc. | 0.41% | 66,037 | $8.2M | Add +8.6% |
| MCD McDonald's Corp. | 0.40% | 31,407 | $8.0M | Add +5.0% |
| MDY State Street SPDR S&P Midcap | 0.38% | 14,126 | $7.6M | Add +3.3% |
| PG The Procter & Gamble Co. | 0.37% | 44,585 | $7.4M | Reduce -0.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.35% | 32,016 | $7.0M | Add +0.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.34% | 27,907 | $6.8M | Reduce -6.7% |
| TSCO Tractor Supply Company | 0.32% | 23,369 | $6.3M | Add +0.3% |
| FLOT iShares Floating Rate Bond E | 0.31% | 122,350 | $6.3M | Add +7.5% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.31% | 6,927 | $6.2M | No change |
| APD Air Products & Chemicals Inc. | 0.31% | 24,127 | $6.2M | Reduce -52.5% |
| AMGN Amgen Inc. | 0.29% | 18,748 | $5.9M | Reduce -1.1% |
| FTV Fortive Corp. | 0.29% | 78,757 | $5.8M | Add +0.4% |
| CVX Chevron Corp. | 0.28% | 36,133 | $5.7M | Reduce -0.2% |
| SBUX Starbucks Corp. | 0.27% | 69,923 | $5.4M | Reduce -5.8% |
| SPGI S&P Global Inc. | 0.26% | 11,574 | $5.2M | Add +3.0% |
| LIN Linde PLC | 0.26% | 11,624 | $5.1M | Add +19.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.25% | 46,067 | $5.1M | Reduce -1.1% |
| TFC Truist Financial Corp. | 0.24% | 125,236 | $4.9M | Add +0.9% |
| WY Weyerhaeuser Co. | 0.24% | 168,917 | $4.8M | Reduce -0.1% |
| TMUS T-Mobile US Inc. | 0.23% | 26,508 | $4.7M | Reduce -1.0% |
| INTU Intuit Inc. | 0.23% | 7,025 | $4.6M | Reduce -3.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.23% | 115,717 | $4.6M | Reduce -1.8% |
| OKE Oneok Inc. | 0.23% | 55,479 | $4.5M | Reduce -1.1% |
| IBB iShares Biotechnology ETF | 0.23% | 32,932 | $4.5M | Add +1.1% |
| ALC Alcon Inc. filed as ALCON AG | 0.22% | 49,888 | $4.4M | Reduce -2.1% |
| LOW Lowe's Cos Inc. | 0.22% | 20,056 | $4.4M | Reduce -1.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.22% | 27,044 | $4.3M | Add +10.2% |
| PFE Pfizer Inc. | 0.21% | 150,783 | $4.2M | Reduce -0.3% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.21% | 81,706 | $4.2M | Reduce -1.0% |
| ADP Automatic Data Processing | 0.21% | 17,506 | $4.2M | Reduce -0.4% |
| BLK BlackRock Finance Inc. | 0.21% | 5,274 | $4.2M | Reduce -0.1% |
| SUB iShares Short-Term National | 0.20% | 39,113 | $4.1M | Add +12.0% |
| ROP Roper Technologies Inc. | 0.20% | 7,175 | $4.0M | Reduce -1.2% |
| SHW The Sherwin-Williams Co. | 0.19% | 12,984 | $3.9M | Reduce -3.6% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.19% | 73,805 | $3.7M | Add +21.7% |
| EMR Emerson Electric Co. | 0.18% | 33,141 | $3.7M | Reduce -0.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.18% | 48,515 | $3.5M | No change |
| ABBV Abbvie Inc. | 0.18% | 20,443 | $3.5M | Reduce -2.4% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.17% | 68,335 | $3.5M | Add +71.5% |
| NVS Novartis AG-Sponsored ADR | 0.17% | 32,402 | $3.4M | Reduce -0.9% |
Portfolio Sells Q1 2024 → Q2 2024
| COR Cencora Inc. | Sold out | 0.00% | −0.84 |
| UNH Unitedhealth Group Inc. | Reduce -44.8% | 0.81% | −0.65 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -30.8% | 0.72% | −0.34 |
| APD Air Products & Chemicals Inc. | Reduce -52.5% | 0.31% | −0.32 |
| NTRS Northern Trust Corp. | Reduce -73.8% | 0.09% | −0.29 |
| SYY Sysco Corp. | Reduce -59.1% | 0.11% | −0.20 |
| ITW Illinois Tool Works | Reduce -0.5% | 1.05% | −0.17 |
| V Visa Inc. Class A | Reduce -0.6% | 1.74% | −0.16 |
| MA Mastercard Inc. Class A | Reduce -0.8% | 1.21% | −0.15 |
| HD Home Depot Inc. | Reduce -0.1% | 1.07% | −0.15 |
| AON Aon PLC Class A | Reduce -68.5% | 0.05% | −0.14 |
| CRM Salesforce Inc. | Reduce -1.5% | 0.62% | −0.13 |
| HON Honeywell International Inc. | Reduce -7.6% | 1.38% | −0.08 |
| GPK Graphic Packaging Holding Co. | Reduce -79.9% | 0.02% | −0.08 |
| SBUX Starbucks Corp. | Reduce -5.8% | 0.27% | −0.07 |
| WY Weyerhaeuser Co. | Reduce -0.1% | 0.24% | −0.07 |
| UNP Union Pacific Corp. | Reduce -0.0% | 0.58% | −0.06 |
| PGR Progressive Corp. | Reduce -31.5% | 0.13% | −0.06 |
| SHM SS SPDR N Ice St Muni ETF | Reduce -27.9% | 0.13% | −0.06 |
| NBIX Neurocrine Biosciences Inc. | Sold out | 0.00% | −0.05 |
| SHW The Sherwin-Williams Co. | Reduce -3.6% | 0.19% | −0.05 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -6.7% | 0.34% | −0.04 |
| LOW Lowe's Cos Inc. | Reduce -1.3% | 0.22% | −0.04 |
| JPST JPMorgan Ultra-Short Income | Reduce -23.9% | 0.12% | −0.04 |
| ODFL Old Dominion Freight Line | Reduce -3.7% | 0.12% | −0.04 |
| WBA Walgreens Boots Alliance Inc. | Reduce -53.8% | 0.01% | −0.03 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.03 |
| EFA iShares MSCI Eafe ETF | Reduce -2.0% | 0.49% | −0.03 |
| XLF SS Financial Select Sector | Reduce -0.4% | 0.57% | −0.03 |
| URI United Rentals Inc. | Reduce -5.4% | 0.14% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -0.4% | 0.72% | −0.02 |
| IBM Intl Business Machines Corp. | Reduce -1.6% | 0.15% | −0.02 |
| HUBB Hubbell Inc. | Reduce -9.9% | 0.07% | −0.02 |
| BSCO Invesco Bulletshares 2024 CB | Sold out | 0.00% | −0.02 |
| IBTE iShares Ibonds Dec 2024 Term | Sold out | 0.00% | −0.02 |
| IBTF iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.02 |
| XLRE SS Real Estate Select Sector | Reduce -7.1% | 0.15% | −0.02 |
| ABBV Abbvie Inc. | Reduce -2.4% | 0.18% | −0.02 |
| KHC The Kraft Heinz Co. | Reduce -4.8% | 0.08% | −0.02 |
| CI The Cigna Group | Reduce -0.0% | 0.14% | −0.02 |
| BLK BlackRock Finance Inc. | Reduce -0.1% | 0.21% | −0.02 |
| ET Energy Transfer LP | Reduce -23.4% | 0.06% | −0.02 |
| ICE Intercontinental Exchange Inc. | Reduce -0.4% | 0.57% | −0.02 |
| ADP Automatic Data Processing | Reduce -0.4% | 0.21% | −0.02 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -31.5% | 0.04% | −0.01 |
| SLB SLB Ltd. | Reduce -0.5% | 0.08% | −0.01 |
| IWF iShares Russell 1000 Growth | Reduce -14.9% | 0.12% | −0.01 |
| CBOE Cboe Global Markets Inc. | Reduce -0.9% | 0.11% | −0.01 |
| MTN Vail Resorts Inc. | Sold out | 0.00% | −0.01 |
| HSY The Hershey Co. | Reduce -1.4% | 0.13% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| CB Chubb Ltd. | Add +2300.8% | 1.13% | +1.09 |
| NVDA Nvidia Corp. | Add +0.1% | 2.89% | +0.74 |
| ZTS Zoetis Inc. | Add +82.4% | 0.95% | +0.43 |
| IXUS iShares Core Intl Stock ETF | Add +28.7% | 1.44% | +0.29 |
| PANW Palo Alto Networks Inc. | Add +2.7% | 1.56% | +0.26 |
| MSFT Microsoft Corp. | Add +0.1% | 5.40% | +0.22 |
| GOOGL Alphabet Inc. Class A | Add +1.0% | 1.12% | +0.18 |
| LLY Eli Lilly & Co. | Add +5.4% | 1.02% | +0.17 |
| ORCL Oracle Corp. | Add +2.1% | 1.26% | +0.14 |
| AMZN Amazon.com Inc. | Add +0.8% | 2.46% | +0.14 |
| NFLX Netflix Inc. | New | 0.12% | +0.12 |
| IVV iShares Core S&P 500 ETF | Add +13.4% | 0.83% | +0.11 |
| NEE Nextera Energy Inc. | Add +10.1% | 0.51% | +0.08 |
| IEI iShares 3-7 Year Treasury Bo | New | 0.08% | +0.08 |
| ADBE Adobe Inc. | Add +0.3% | 1.06% | +0.08 |
| JMST JPM Ultra-Short Muni Income | Add +71.5% | 0.17% | +0.07 |
| TDG Transdigm Group Inc. | Add +58.1% | 0.16% | +0.06 |
| KO The Coca-Cola Co. | Add +3.4% | 0.87% | +0.04 |
| FERG Ferguson Jersey Ltd. | New | 0.04% | +0.04 |
| C Citigroup Inc. | New | 0.04% | +0.04 |
| JMUB JPMorgan Municipal ETF | Add +186.3% | 0.05% | +0.03 |
| WFC Wells Fargo & Co. | Add +7.5% | 0.42% | +0.03 |
| META Meta Platforms Inc. Class A | Add +1.6% | 0.93% | +0.03 |
| SLV iShares Silver Trust | Add +61.1% | 0.07% | +0.03 |
| RTX RTX Corp. | Add +6.8% | 0.42% | +0.03 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +21.7% | 0.19% | +0.03 |
| FSLR First Solar Inc. | Add +1.7% | 0.11% | +0.03 |
| LIN Linde PLC | Add +19.6% | 0.26% | +0.02 |
| TER Teradyne Inc. | Add +0.1% | 0.10% | +0.02 |
| USMV iShares MSCI USA Min Vol Fac | New | 0.02% | +0.02 |
| SUB iShares Short-Term National | Add +12.0% | 0.20% | +0.02 |
| NOC Northrop Grumman Corp. | Add +37.7% | 0.09% | +0.02 |
| IBDU iShares Ibonds Dec 2029 Term | Add +66.5% | 0.04% | +0.02 |
| FLOT iShares Floating Rate Bond E | Add +7.5% | 0.31% | +0.02 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +129.7% | 0.03% | +0.02 |
| SPGI S&P Global Inc. | Add +3.0% | 0.26% | +0.01 |
| VRSK Verisk Analytics Inc. | Add +16.0% | 0.06% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +10.2% | 0.22% | +0.01 |
| EWJ iShares MSCI Japan ETF | Add +33.1% | 0.06% | +0.01 |
| WPM Wheaton Precious Metals Corp. | New | 0.01% | +0.01 |
| CEG Constellation Energy | New | 0.01% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.5% | 0.42% | +0.01 |
| INDA iShares MSCI India ETF | Add +2.6% | 0.11% | +0.01 |
| IBDQ iShares Ibonds Dec 2025 Term | Add +17.1% | 0.07% | +0.01 |
| ETN Eaton Corp. PLC | Add +7.2% | 0.15% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +7.3% | 0.08% | +0.01 |
| ECL Ecolab Inc. | Add +0.2% | 0.49% | +0.01 |
| VUSB Vanguard Ultra Short Bond Et | Add +7.0% | 0.12% | +0.01 |
| SRLN SS Blackstone Sr Loan ETF | Add +17.9% | 0.04% | +0.01 |
| IXC iShares Global Energy ETF | Add +16.1% | 0.06% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 369 | $2.6B | GOOG, NVDA, AAPL, AMZN, MSFT |
| Q1 2026 | 370 | $2.4B | GOOG, MSFT, NVDA, AAPL, AMZN |
| Q4 2025 | 371 | $2.5B | GOOG, MSFT, NVDA, AVGO, AAPL |
| Q3 2025 | 348 | $2.4B | MSFT, GOOG, NVDA, AVGO, AAPL |
| Q2 2025 | 334 | $2.2B | MSFT, GOOG, AVGO, NVDA, AMZN |
| Q1 2025 | 330 | $2.1B | MSFT, GOOG, AAPL, COST, SYK |
| Q4 2024 | 326 | $2.2B | MSFT, GOOG, AVGO, AAPL, COST |
| Q3 2024 | 323 | $2.1B | MSFT, GOOG, AAPL, COST, AVGO |
| Q2 2024 | 309 | $2.0B | MSFT, GOOG, AAPL, COST, NVDA |
| Q1 2024 | 311 | $2.0B | MSFT, GOOG, AAPL, COST, SYK |