Chesley Taft & Associates LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 17, 2025), Chesley Taft & Associates LLC reported 326 stock positions worth $2.2 billion. Its top holding was Microsoft (MSFT) at 4.7% of the portfolio, followed by Alphabet Class C (GOOG, 4.1%) and Broadcom (AVGO, 3.7%). Compared with Q3 2024, it opened 15 new positions, sold out of 12, added to 118 and reduced 127. The biggest buy was Amazon.com (AMZN, shares +0%) and the biggest sale Pepsico (PEP, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001164632
- Portfolio Value
- $2.2B (Q4 2024)
- SEC Filing
- 0001085146-25-000305 ↗ filed Jan 17, 2025
Holdings Value
Holdings 326 stocks · $2.2B
| MSFT Microsoft Corp. | 4.65% | 237,642 | $100.2M | Reduce -0.5% |
| GOOG Alphabet Inc. Class C | 4.14% | 468,441 | $89.2M | Reduce -0.5% |
| AVGO Broadcom Inc. | 3.69% | 342,580 | $79.4M | Reduce -1.8% |
| AAPL Apple Inc. | 3.51% | 301,667 | $75.5M | Reduce -0.9% |
| COST Costco Wholesale Corp. | 2.95% | 69,451 | $63.6M | Reduce -1.9% |
| NVDA Nvidia Corp. | 2.95% | 472,585 | $63.5M | Add +0.5% |
| AMZN Amazon.com Inc. | 2.59% | 254,015 | $55.7M | Add +0.2% |
| SYK Stryker Corp. | 2.46% | 147,348 | $53.1M | Reduce -0.4% |
| IJR iShares Core S&P Small-Cap E | 2.02% | 377,127 | $43.5M | Add +3.0% |
| IJH iShares Core S&P Midcap ETF | 1.98% | 682,763 | $42.5M | Add +3.3% |
| V Visa Inc. Class A | 1.92% | 130,693 | $41.3M | Reduce -0.6% |
| JPM JPMorgan Chase & Co. | 1.90% | 170,545 | $40.9M | Reduce -1.6% |
| PEP Pepsico Inc. | 1.72% | 243,131 | $37.0M | Reduce -0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.59% | 58,309 | $34.2M | Reduce -1.3% |
| PANW Palo Alto Networks Inc. | 1.56% | 184,298 | $33.5M | Add +0.2% |
| ACN Accenture PLC Class A | 1.52% | 92,827 | $32.7M | Reduce -0.4% |
| AXP American Express Co. | 1.47% | 106,620 | $31.6M | Add +15.3% |
| JNJ Johnson & Johnson | 1.39% | 207,335 | $30.0M | Reduce -0.7% |
| HON Honeywell International Inc. | 1.33% | 126,850 | $28.7M | Reduce -0.8% |
| IXUS iShares Core Intl Stock ETF | 1.33% | 432,577 | $28.6M | Add +0.5% |
| ORCL Oracle Corp. | 1.32% | 171,007 | $28.5M | Reduce -2.1% |
| MA Mastercard Inc. Class A | 1.31% | 53,454 | $28.1M | Reduce -1.3% |
| CB Chubb Ltd. | 1.27% | 99,281 | $27.4M | Add +0.7% |
| ABT Abbott Laboratories | 1.25% | 237,660 | $26.9M | Add +0.6% |
| GLD SPDR Gold Shares | 1.22% | 108,317 | $26.2M | Add +2.6% |
| HD Home Depot Inc. | 1.14% | 62,962 | $24.5M | Add +0.7% |
| GOOGL Alphabet Inc. Class A | 1.06% | 120,952 | $22.9M | Add +0.5% |
| ITW Illinois Tool Works | 1.02% | 86,553 | $21.9M | Reduce -0.5% |
| META Meta Platforms Inc. Class A | 1.00% | 36,629 | $21.4M | Reduce -0.1% |
| TMO Thermo Fisher Scientific Inc. | 0.96% | 39,946 | $20.8M | Reduce -0.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.95% | 184,264 | $20.5M | Reduce -1.5% |
| MUB iShares National Muni Bond E | 0.88% | 178,591 | $19.0M | Reduce -11.6% |
| AZO AutoZone Inc. | 0.86% | 5,805 | $18.6M | Add +4.4% |
| ZTS Zoetis Inc. | 0.84% | 110,743 | $18.0M | Reduce -0.2% |
| WM Waste Management Inc. | 0.81% | 86,161 | $17.4M | Add +3.5% |
| LLY Eli Lilly & Co. | 0.80% | 22,323 | $17.2M | Reduce -0.3% |
| DHR Danaher Corp. | 0.80% | 74,841 | $17.2M | Reduce -2.8% |
| KO The Coca-Cola Co. | 0.78% | 269,792 | $16.8M | Add +0.0% |
| UNH Unitedhealth Group Inc. | 0.75% | 32,129 | $16.3M | Add +0.8% |
| CRM Salesforce Inc. | 0.74% | 47,633 | $15.9M | Add +0.4% |
| IVV iShares Core S&P 500 ETF | 0.73% | 26,782 | $15.8M | Reduce -2.8% |
| BX Blackstone Inc. | 0.73% | 90,829 | $15.7M | Add +2.4% |
| APH Amphenol Corp. Class A | 0.65% | 202,325 | $14.1M | Reduce -2.7% |
| VEU Vanguard Ftse All-World Ex-U | 0.65% | 242,259 | $13.9M | Reduce -0.3% |
| WFC Wells Fargo & Co. | 0.64% | 195,896 | $13.8M | Add +37.8% |
| XLF SS Financial Select Sector | 0.62% | 277,334 | $13.4M | Reduce -0.2% |
| ADBE Adobe Inc. | 0.62% | 30,061 | $13.4M | Reduce -7.0% |
| XOM Exxon Mobil Corp. | 0.61% | 122,982 | $13.2M | Reduce -0.0% |
| FISV Fiserv Inc. | 0.57% | 59,687 | $12.3M | Reduce -1.0% |
| ICE Intercontinental Exchange Inc. | 0.56% | 80,259 | $12.0M | Reduce -0.7% |
| UNP Union Pacific Corp. | 0.53% | 50,214 | $11.5M | Reduce -0.8% |
| VEA Vanguard Ftse Developed ETF | 0.50% | 225,635 | $10.8M | Add +0.7% |
| WTW Willis Towers Watson PLC | 0.49% | 33,622 | $10.5M | No change |
| NEE Nextera Energy Inc. | 0.49% | 145,918 | $10.5M | Reduce -1.5% |
| RTX RTX Corp. | 0.46% | 84,828 | $9.8M | Add +1.4% |
| ECL Ecolab Inc. | 0.45% | 40,912 | $9.6M | Reduce -1.5% |
| CHD Church & Dwight Co. Inc. | 0.44% | 91,169 | $9.5M | Add +0.9% |
| EFA iShares MSCI Eafe ETF | 0.44% | 124,841 | $9.4M | Reduce -0.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.40% | 29,877 | $8.7M | Reduce -3.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.39% | 35,328 | $8.5M | Add +4.0% |
| NFLX Netflix Inc. | 0.39% | 9,455 | $8.4M | Add +136.8% |
| MCD McDonald's Corp. | 0.39% | 28,916 | $8.4M | Reduce -0.2% |
| AGG iShares Core U.S. Aggregate | 0.37% | 82,437 | $8.0M | Reduce -26.9% |
| MDY State Street SPDR S&P Midcap | 0.37% | 14,011 | $8.0M | Reduce -0.5% |
| BDX Becton Dickinson and Co. | 0.37% | 34,662 | $7.9M | Add +1083.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.35% | 28,458 | $7.5M | Add +0.9% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.35% | 7,054 | $7.4M | Add +0.5% |
| PG The Procter & Gamble Co. | 0.34% | 44,097 | $7.4M | Reduce -0.5% |
| FLOT iShares Floating Rate Bond E | 0.34% | 143,635 | $7.3M | Add +15.2% |
| APD Air Products & Chemicals Inc. | 0.33% | 24,522 | $7.1M | Reduce -0.2% |
| TSCO Tractor Supply Company | 0.29% | 116,545 | $6.2M | Add +0.6% |
| SBUX Starbucks Corp. | 0.29% | 67,443 | $6.2M | Reduce -1.4% |
| MRK Merck & Co. Inc. | 0.28% | 60,853 | $6.1M | Reduce -7.6% |
| FTV Fortive Corp. | 0.28% | 79,741 | $6.0M | Reduce -0.5% |
| TMUS T-Mobile US Inc. | 0.28% | 26,910 | $5.9M | Add +0.2% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.28% | 117,110 | $5.9M | Add +29.8% |
| SPGI S&P Global Inc. | 0.27% | 11,820 | $5.9M | Reduce -0.3% |
| OKE Oneok Inc. | 0.26% | 56,116 | $5.6M | Reduce -0.6% |
| TFC Truist Financial Corp. | 0.25% | 124,531 | $5.4M | No change |
| SUB iShares Short-Term National | 0.25% | 50,203 | $5.3M | Add +17.5% |
| CVX Chevron Corp. | 0.24% | 36,040 | $5.2M | Reduce -0.1% |
| ADP Automatic Data Processing | 0.24% | 17,622 | $5.2M | Add +0.7% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.24% | 102,155 | $5.1M | Add +27.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.24% | 42,318 | $5.1M | Reduce -0.4% |
| AMGN Amgen Inc. | 0.23% | 19,305 | $5.0M | Add +2.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.23% | 112,627 | $4.9M | Reduce -0.5% |
| C Citigroup Inc. | 0.23% | 69,939 | $4.9M | Add +40.5% |
| AMP Ameriprise Financial Inc. | 0.23% | 9,158 | $4.9M | Add +48.5% |
| LIN Linde PLC | 0.23% | 11,586 | $4.9M | Add +1.0% |
| LOW Lowe's Cos Inc. | 0.22% | 19,502 | $4.8M | Reduce -2.2% |
| BLK BlackRock Inc. | 0.22% | 4,666 | $4.8M | New |
| WY Weyerhaeuser Co. | 0.22% | 165,288 | $4.7M | Reduce -1.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.21% | 20,453 | $4.5M | Add +12.9% |
| SHW The Sherwin-Williams Co. | 0.20% | 12,939 | $4.4M | Reduce -0.3% |
| ALC Alcon Inc. filed as ALCON AG | 0.20% | 51,013 | $4.3M | Add +3.4% |
| NOW ServiceNow Inc. | 0.20% | 4,013 | $4.3M | Add +1.1% |
| DECK Deckers Outdoor Corp. | 0.19% | 20,590 | $4.2M | Add +7.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.19% | 24,419 | $4.1M | Reduce -4.2% |
| PFE Pfizer Inc. | 0.19% | 152,440 | $4.0M | Add +2.6% |
| EMR Emerson Electric Co. | 0.18% | 32,101 | $4.0M | Reduce -3.0% |
Portfolio Sells Q3 2024 → Q4 2024
| PEP Pepsico Inc. | Reduce -0.1% | 1.72% | −0.26 |
| MSFT Microsoft Corp. | Reduce -0.5% | 4.65% | −0.25 |
| DHR Danaher Corp. | Reduce -2.8% | 0.80% | −0.22 |
| JNJ Johnson & Johnson | Reduce -0.7% | 1.39% | −0.22 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.3% | 0.96% | −0.22 |
| ZTS Zoetis Inc. | Reduce -0.2% | 0.84% | −0.20 |
| ADBE Adobe Inc. | Reduce -7.0% | 0.62% | −0.18 |
| AGG iShares Core U.S. Aggregate | Reduce -26.9% | 0.37% | −0.17 |
| MUB iShares National Muni Bond E | Reduce -11.6% | 0.88% | −0.16 |
| LLY Eli Lilly & Co. | Reduce -0.3% | 0.80% | −0.15 |
| NEE Nextera Energy Inc. | Reduce -1.5% | 0.49% | −0.11 |
| ORCL Oracle Corp. | Reduce -2.1% | 1.32% | −0.10 |
| SYK Stryker Corp. | Reduce -0.4% | 2.46% | −0.08 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -0.3% | 0.65% | −0.08 |
| MRK Merck & Co. Inc. | Reduce -7.6% | 0.28% | −0.08 |
| XOM Exxon Mobil Corp. | Reduce -0.0% | 0.61% | −0.07 |
| ITW Illinois Tool Works | Reduce -0.5% | 1.02% | −0.07 |
| ICE Intercontinental Exchange Inc. | Reduce -0.7% | 0.56% | −0.06 |
| UNP Union Pacific Corp. | Reduce -0.8% | 0.53% | −0.06 |
| IBB iShares Biotechnology ETF | Reduce -18.0% | 0.16% | −0.06 |
| EFA iShares MSCI Eafe ETF | Reduce -0.5% | 0.44% | −0.06 |
| ECL Ecolab Inc. | Reduce -1.5% | 0.45% | −0.06 |
| ACN Accenture PLC Class A | Reduce -0.4% | 1.52% | −0.05 |
| WY Weyerhaeuser Co. | Reduce -1.3% | 0.22% | −0.05 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -79.4% | 0.01% | −0.05 |
| IBDP iShares Ibonds Dec 2024 Term | Sold out | 0.00% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -1.9% | 2.95% | −0.04 |
| NVS Novartis AG-Sponsored ADR | Reduce -3.5% | 0.15% | −0.04 |
| CI The Cigna Group | Reduce -2.9% | 0.11% | −0.04 |
| LOW Lowe's Cos Inc. | Reduce -2.2% | 0.22% | −0.03 |
| ROP Roper Technologies Inc. | Reduce -10.8% | 0.14% | −0.03 |
| SHW The Sherwin-Williams Co. | Reduce -0.3% | 0.20% | −0.03 |
| SBUX Starbucks Corp. | Reduce -1.4% | 0.29% | −0.03 |
| MCD McDonald's Corp. | Reduce -0.2% | 0.39% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.3% | 1.59% | −0.03 |
| APTV Aptiv Irish Holdings Ltd. | Sold out | 0.00% | −0.03 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -17.8% | 0.09% | −0.03 |
| INTU Intuit Inc. | Reduce -26.4% | 0.07% | −0.03 |
| TDG Transdigm Group Inc. | Reduce -1.5% | 0.15% | −0.03 |
| IEF iShares 7-10 Year Treasury B | Reduce -50.2% | 0.02% | −0.03 |
| IVV iShares Core S&P 500 ETF | Reduce -2.8% | 0.73% | −0.03 |
| URI United Rentals Inc. | Reduce -0.8% | 0.13% | −0.02 |
| FTV Fortive Corp. | Reduce -0.5% | 0.28% | −0.02 |
| COP Conocophillips | Reduce -9.3% | 0.12% | −0.02 |
| CDW CDW Corp. | Reduce -17.8% | 0.04% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -0.5% | 0.34% | −0.02 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -7.0% | 0.18% | −0.02 |
| OMC Omnicom Group | Reduce -0.4% | 0.09% | −0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -4.2% | 0.19% | −0.02 |
| APD Air Products & Chemicals Inc. | Reduce -0.2% | 0.33% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| AMZN Amazon.com Inc. | Add +0.2% | 2.59% | +0.33 |
| BDX Becton Dickinson and Co. | Add +1083.0% | 0.37% | +0.33 |
| AXP American Express Co. | Add +15.3% | 1.47% | +0.27 |
| NFLX Netflix Inc. | Add +136.8% | 0.39% | +0.26 |
| WFC Wells Fargo & Co. | Add +37.8% | 0.64% | +0.26 |
| NVDA Nvidia Corp. | Add +0.5% | 2.95% | +0.22 |
| BLK BlackRock Inc. | New | 0.22% | +0.22 |
| CRM Salesforce Inc. | Add +0.4% | 0.74% | +0.12 |
| GOOGL Alphabet Inc. Class A | Add +0.5% | 1.06% | +0.11 |
| JMUB JPMorgan Municipal ETF | Add +284.4% | 0.15% | +0.11 |
| AMP Ameriprise Financial Inc. | Add +48.5% | 0.23% | +0.09 |
| CDNS Cadence Design SYS Inc. | Add +204.6% | 0.12% | +0.08 |
| C Citigroup Inc. | Add +40.5% | 0.23% | +0.08 |
| BX Blackstone Inc. | Add +2.4% | 0.73% | +0.08 |
| PANW Palo Alto Networks Inc. | Add +0.2% | 1.56% | +0.06 |
| JMST JPM Ultra-Short Muni Income | Add +29.8% | 0.28% | +0.06 |
| DECK Deckers Outdoor Corp. | Add +7.0% | 0.19% | +0.05 |
| POOL Pool Corp. | New | 0.04% | +0.04 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +27.9% | 0.24% | +0.04 |
| STIP iShares 0-5 Year Tips Bond E | Add +77.0% | 0.10% | +0.04 |
| HQY Healthequity Inc. | New | 0.04% | +0.04 |
| BND Vanguard Total Bond Market | Add +34.8% | 0.18% | +0.04 |
| FLOT iShares Floating Rate Bond E | Add +15.2% | 0.34% | +0.04 |
| SUB iShares Short-Term National | Add +17.5% | 0.25% | +0.03 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +70.7% | 0.07% | +0.03 |
| NOW ServiceNow Inc. | Add +1.1% | 0.20% | +0.03 |
| AZO AutoZone Inc. | Add +4.4% | 0.86% | +0.03 |
| ICSH iShares Ultra Short Duration | Add +48.5% | 0.08% | +0.03 |
| FBND Fidelity Total Bond ETF | Add +25.7% | 0.16% | +0.02 |
| ANET Arista Networks Inc. | Add +6.5% | 0.13% | +0.02 |
| ET Energy Transfer LP | Add +28.5% | 0.06% | +0.02 |
| SJNK SS SPDR BB St Hi Yield ETF | Add +201.2% | 0.03% | +0.02 |
| IBDU iShares Ibonds Dec 2029 Term | Add +38.4% | 0.08% | +0.02 |
| HPE Hewlett Packard Enterprise | New | 0.02% | +0.02 |
| IBM Intl Business Machines Corp. | Add +12.9% | 0.21% | +0.02 |
| EFX Equifax Inc. | New | 0.02% | +0.02 |
| CPRT Copart Inc. | Add +30.8% | 0.06% | +0.02 |
| IBDR iShares Ibonds Dec 2026 Term | Add +24.6% | 0.09% | +0.02 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +30.3% | 0.08% | +0.02 |
| PM Philip Morris International | Add +79.1% | 0.04% | +0.02 |
| JPST JPMorgan Ultra-Short Income | Add +14.9% | 0.14% | +0.01 |
| IBTF iShares Ibonds Dec 2025 Term | New | 0.01% | +0.01 |
| XYZ Block Inc. | New | 0.01% | +0.01 |
| FLEX Flex Ltd. | New | 0.01% | +0.01 |
| IJH iShares Core S&P Midcap ETF | Add +3.3% | 1.98% | +0.01 |
| SLV iShares Silver Trust | Add +25.3% | 0.10% | +0.01 |
| ARES Ares Management Corp. Class A | Add +0.4% | 0.12% | +0.01 |
| TMUS T-Mobile US Inc. | Add +0.2% | 0.28% | +0.01 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +60.0% | 0.03% | +0.01 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +34.4% | 0.05% | +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 |