Chesley Taft & Associates LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 10, 2025), Chesley Taft & Associates LLC reported 330 stock positions worth $2.1 billion. Its top holding was Microsoft (MSFT) at 4.3% of the portfolio, followed by Alphabet Class C (GOOG, 3.5%) and Apple (AAPL, 3.2%). Compared with Q4 2024, it opened 19 new positions, sold out of 15, added to 127 and reduced 142. The biggest buy was Astrazeneca PLC-Spons ADR (AZN, shares +3780%) and the biggest sale Broadcom (AVGO, shares −19%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001164632
- Portfolio Value
- $2.1B (Q1 2025)
- SEC Filing
- 0001085146-25-002016 ↗ filed Apr 10, 2025
Holdings Value
Holdings 330 stocks · $2.1B
| MSFT Microsoft Corp. | 4.26% | 234,888 | $88.2M | Reduce -1.2% |
| GOOG Alphabet Inc. Class C | 3.53% | 467,855 | $73.1M | Reduce -0.1% |
| AAPL Apple Inc. | 3.22% | 299,847 | $66.6M | Reduce -0.6% |
| COST Costco Wholesale Corp. | 3.13% | 68,488 | $64.8M | Reduce -1.4% |
| SYK Stryker Corp. | 2.60% | 144,812 | $53.9M | Reduce -1.7% |
| NVDA Nvidia Corp. | 2.48% | 473,483 | $51.3M | Add +0.2% |
| AMZN Amazon.com Inc. | 2.34% | 255,007 | $48.5M | Add +0.4% |
| AVGO Broadcom Inc. | 2.24% | 276,948 | $46.4M | Reduce -19.2% |
| V Visa Inc. Class A | 2.18% | 128,583 | $45.1M | Reduce -1.6% |
| JPM JPMorgan Chase & Co. | 2.03% | 171,355 | $42.0M | Add +0.5% |
| IJH iShares Core S&P Midcap ETF | 1.94% | 687,424 | $40.1M | Add +0.7% |
| IJR iShares Core S&P Small-Cap E | 1.88% | 371,464 | $38.8M | Reduce -1.5% |
| JNJ Johnson & Johnson | 1.64% | 204,666 | $33.9M | Reduce -1.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.54% | 56,911 | $31.8M | Reduce -2.4% |
| PANW Palo Alto Networks Inc. | 1.52% | 184,171 | $31.4M | Reduce -0.1% |
| GLD SPDR Gold Shares | 1.50% | 107,772 | $31.1M | Reduce -0.5% |
| ABT Abbott Laboratories | 1.50% | 234,062 | $31.0M | Reduce -1.5% |
| IXUS iShares Core Intl Stock ETF | 1.47% | 436,201 | $30.5M | Add +0.8% |
| CB Chubb Ltd. | 1.44% | 98,666 | $29.8M | Reduce -0.6% |
| ACN Accenture PLC Class A | 1.40% | 92,561 | $28.9M | Reduce -0.3% |
| MA Mastercard Inc. Class A | 1.39% | 52,639 | $28.9M | Reduce -1.5% |
| AXP American Express Co. | 1.37% | 105,308 | $28.3M | Reduce -1.2% |
| PEP Pepsico Inc. | 1.27% | 175,007 | $26.2M | Reduce -28.0% |
| ORCL Oracle Corp. | 1.16% | 171,011 | $23.9M | Add +0.0% |
| HD Home Depot Inc. | 1.11% | 62,875 | $23.0M | Reduce -0.1% |
| AZO AutoZone Inc. | 1.10% | 5,969 | $22.8M | Add +2.8% |
| META Meta Platforms Inc. Class A | 1.04% | 37,528 | $21.6M | Add +2.5% |
| HON Honeywell International Inc. | 1.04% | 101,620 | $21.5M | Reduce -19.9% |
| ITW Illinois Tool Works | 1.02% | 85,223 | $21.1M | Reduce -1.5% |
| TMO Thermo Fisher Scientific Inc. | 1.00% | 41,768 | $20.8M | Add +4.6% |
| WM Waste Management Inc. | 0.96% | 85,811 | $19.9M | Reduce -0.4% |
| KO The Coca-Cola Co. | 0.93% | 267,998 | $19.2M | Reduce -0.7% |
| LLY Eli Lilly & Co. | 0.92% | 23,035 | $19.0M | Add +3.2% |
| MUB iShares National Muni Bond E | 0.90% | 177,061 | $18.7M | Reduce -0.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.88% | 185,264 | $18.3M | Add +0.5% |
| GOOGL Alphabet Inc. Class A | 0.86% | 115,502 | $17.9M | Reduce -4.5% |
| UNH Unitedhealth Group Inc. | 0.86% | 33,931 | $17.8M | Add +5.6% |
| ZTS Zoetis Inc. | 0.85% | 106,544 | $17.5M | Reduce -3.8% |
| BDX Becton Dickinson and Co. | 0.76% | 68,522 | $15.7M | Add +97.7% |
| IVV iShares Core S&P 500 ETF | 0.73% | 26,992 | $15.2M | Add +0.8% |
| WFC Wells Fargo & Co. | 0.72% | 208,912 | $15.0M | Add +6.6% |
| XOM Exxon Mobil Corp. | 0.71% | 123,537 | $14.7M | Add +0.5% |
| VEU Vanguard Ftse All-World Ex-U | 0.69% | 236,884 | $14.4M | Reduce -2.2% |
| XLF SS Financial Select Sector | 0.66% | 274,267 | $13.7M | Reduce -1.1% |
| ICE Intercontinental Exchange Inc. | 0.65% | 78,099 | $13.5M | Reduce -2.7% |
| APH Amphenol Corp. Class A | 0.64% | 201,423 | $13.2M | Reduce -0.5% |
| CRM Salesforce Inc. | 0.63% | 48,917 | $13.1M | Add +2.7% |
| FISV Fiserv Inc. | 0.62% | 57,825 | $12.8M | Reduce -3.1% |
| VEA Vanguard Ftse Developed ETF | 0.61% | 249,305 | $12.7M | Add +10.5% |
| BX Blackstone Inc. | 0.58% | 85,329 | $11.9M | Reduce -6.1% |
| UNP Union Pacific Corp. | 0.57% | 49,864 | $11.8M | Reduce -0.7% |
| RTX RTX Corp. | 0.56% | 87,553 | $11.6M | Add +3.2% |
| WTW Willis Towers Watson PLC | 0.55% | 33,574 | $11.3M | Reduce -0.1% |
| ADBE Adobe Inc. | 0.52% | 28,301 | $10.9M | Reduce -5.8% |
| NEE Nextera Energy Inc. | 0.51% | 147,479 | $10.5M | Add +1.1% |
| EFA iShares MSCI Eafe ETF | 0.50% | 126,286 | $10.3M | Add +1.2% |
| ECL Ecolab Inc. | 0.48% | 39,467 | $10.0M | Reduce -3.5% |
| CHD Church & Dwight Co. Inc. | 0.48% | 90,329 | $9.9M | Reduce -0.9% |
| AZN Astrazeneca PLC-Spons ADR | 0.47% | 131,910 | $9.7M | Add +3779.7% |
| NFLX Netflix Inc. | 0.46% | 10,132 | $9.4M | Add +7.2% |
| MCD McDonald's Corp. | 0.43% | 28,686 | $9.0M | Reduce -0.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.40% | 29,796 | $8.2M | Reduce -0.3% |
| C Citigroup Inc. | 0.39% | 114,781 | $8.1M | Add +64.1% |
| FLOT iShares Floating Rate Bond E | 0.38% | 154,535 | $7.9M | Add +7.6% |
| AGG iShares Core U.S. Aggregate | 0.38% | 79,742 | $7.9M | Reduce -3.3% |
| DHR Danaher Corp. | 0.38% | 38,031 | $7.8M | Reduce -49.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.38% | 35,117 | $7.8M | Reduce -0.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.36% | 28,748 | $7.4M | Add +1.0% |
| PG The Procter & Gamble Co. | 0.36% | 43,535 | $7.4M | Reduce -1.3% |
| MDY State Street SPDR S&P Midcap | 0.36% | 13,866 | $7.4M | Reduce -1.0% |
| APD Air Products & Chemicals Inc. | 0.35% | 24,362 | $7.2M | Reduce -0.7% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.34% | 7,154 | $7.1M | Add +1.4% |
| TMUS T-Mobile US Inc. | 0.34% | 26,302 | $7.0M | Reduce -2.3% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.33% | 132,710 | $6.7M | Add +13.3% |
| TSCO Tractor Supply Company | 0.31% | 117,790 | $6.5M | Add +1.1% |
| SBUX Starbucks Corp. | 0.31% | 65,690 | $6.4M | Reduce -2.6% |
| CVX Chevron Corp. | 0.30% | 37,176 | $6.2M | Add +3.1% |
| AMGN Amgen Inc. | 0.30% | 19,807 | $6.2M | Add +2.6% |
| SPGI S&P Global Inc. | 0.29% | 11,804 | $6.0M | Reduce -0.1% |
| SUB iShares Short-Term National | 0.28% | 55,828 | $5.9M | Add +11.2% |
| FTV Fortive Corp. | 0.28% | 80,391 | $5.9M | Add +0.8% |
| OKE Oneok Inc. | 0.27% | 56,540 | $5.6M | Add +0.8% |
| ADP Automatic Data Processing | 0.27% | 18,263 | $5.6M | Add +3.6% |
| MRK Merck & Co. Inc. | 0.26% | 60,888 | $5.5M | Add +0.1% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.26% | 108,005 | $5.4M | Add +5.7% |
| PGR Progressive Corp. | 0.25% | 18,458 | $5.2M | Add +44.3% |
| TFC Truist Financial Corp. | 0.25% | 124,161 | $5.1M | Reduce -0.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.25% | 20,498 | $5.1M | Add +0.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.25% | 41,753 | $5.1M | Reduce -1.3% |
| LIN Linde PLC | 0.25% | 10,908 | $5.1M | Reduce -5.8% |
| WY Weyerhaeuser Co. | 0.23% | 163,011 | $4.8M | Reduce -1.4% |
| ALC Alcon Inc. filed as ALCON AG | 0.23% | 49,473 | $4.7M | Reduce -3.0% |
| LOW Lowe's Cos Inc. | 0.22% | 19,331 | $4.5M | Reduce -0.9% |
| SHW The Sherwin-Williams Co. | 0.22% | 12,904 | $4.5M | Reduce -0.3% |
| ABBV Abbvie Inc. | 0.21% | 20,848 | $4.4M | Add +2.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.21% | 24,719 | $4.3M | Add +1.2% |
| AMP Ameriprise Financial Inc. | 0.20% | 8,612 | $4.2M | Reduce -6.0% |
| BLK BlackRock Inc. | 0.20% | 4,401 | $4.2M | Reduce -5.7% |
| BND Vanguard Total Bond Market | 0.20% | 56,275 | $4.1M | Add +6.3% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.19% | 74,694 | $3.9M | Reduce -1.1% |
Portfolio Sells Q4 2024 → Q1 2025
| AVGO Broadcom Inc. | Reduce -19.2% | 2.24% | −1.45 |
| GOOG Alphabet Inc. Class C | Reduce -0.1% | 3.53% | −0.61 |
| PEP Pepsico Inc. | Reduce -28.0% | 1.27% | −0.45 |
| DHR Danaher Corp. | Reduce -49.2% | 0.38% | −0.42 |
| MSFT Microsoft Corp. | Reduce -1.2% | 4.26% | −0.39 |
| HON Honeywell International Inc. | Reduce -19.9% | 1.04% | −0.29 |
| AAPL Apple Inc. | Reduce -0.6% | 3.22% | −0.29 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.23 |
| GOOGL Alphabet Inc. Class A | Reduce -4.5% | 0.86% | −0.20 |
| BX Blackstone Inc. | Reduce -6.1% | 0.58% | −0.15 |
| IJR iShares Core S&P Small-Cap E | Reduce -1.5% | 1.88% | −0.14 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.13 |
| ACN Accenture PLC Class A | Reduce -0.3% | 1.40% | −0.12 |
| AXP American Express Co. | Reduce -1.2% | 1.37% | −0.10 |
| ADBE Adobe Inc. | Reduce -5.8% | 0.52% | −0.10 |
| DECK Deckers Outdoor Corp. | Reduce -4.0% | 0.11% | −0.09 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.4% | 1.54% | −0.05 |
| TER Teradyne Inc. | Reduce -21.6% | 0.05% | −0.04 |
| PANW Palo Alto Networks Inc. | Reduce -0.1% | 1.52% | −0.04 |
| SWKS Skyworks Solutions Inc. | Sold out | 0.00% | −0.03 |
| ODFL Old Dominion Freight Line | Sold out | 0.00% | −0.03 |
| AMP Ameriprise Financial Inc. | Reduce -6.0% | 0.20% | −0.02 |
| VRT Vertiv Holdings Co. Class A | Reduce -16.0% | 0.03% | −0.02 |
| HD Home Depot Inc. | Reduce -0.1% | 1.11% | −0.02 |
| RRX Regal Rexnord Corp. | Reduce -16.2% | 0.04% | −0.02 |
| AIG American International Group | Sold out | 0.00% | −0.02 |
| ARES Ares Management Corp. Class A | Reduce -6.6% | 0.09% | −0.02 |
| BLK BlackRock Inc. | Reduce -5.7% | 0.20% | −0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -0.6% | 0.38% | −0.02 |
| EMR Emerson Electric Co. | Reduce -1.1% | 0.17% | −0.02 |
| HUBB Hubbell Inc. | Reduce -6.1% | 0.06% | −0.02 |
| INDA iShares MSCI India ETF | Reduce -15.9% | 0.08% | −0.01 |
| APH Amphenol Corp. Class A | Reduce -0.5% | 0.64% | −0.01 |
| FLEX Flex Ltd. | Sold out | 0.00% | −0.01 |
| MDY State Street SPDR S&P Midcap | Reduce -1.0% | 0.36% | −0.01 |
| VST Vistra Corp. | Sold out | 0.00% | −0.01 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -20.4% | 0.06% | −0.01 |
| PHM Pultegroup Inc. | Reduce -10.6% | 0.09% | −0.01 |
| VOYA Voya Financial Inc. | Reduce -16.8% | 0.07% | −0.01 |
| WERN Werner Enterprises Inc. | Sold out | 0.00% | −0.01 |
| URI United Rentals Inc. | Reduce -1.4% | 0.12% | −0.01 |
| BSCP Invesco Bulletshares 2025 CB | Sold out | 0.00% | −0.01 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.01 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.01 |
| DAL Delta Air Lines Inc. | Reduce -1.4% | 0.03% | −0.01 |
| MANH Manhattan Associates Inc. | Reduce -9.8% | 0.02% | −0.01 |
| USIG iShares Broad Usd Investment | Sold out | 0.00% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Sold out | 0.00% | −0.01 |
| CBT Cabot Corp. | Sold out | 0.00% | −0.01 |
| JBL Jabil Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| AZN Astrazeneca PLC-Spons ADR | Add +3779.7% | 0.47% | +0.46 |
| BDX Becton Dickinson and Co. | Add +97.7% | 0.76% | +0.39 |
| AZO AutoZone Inc. | Add +2.8% | 1.10% | +0.24 |
| C Citigroup Inc. | Add +64.1% | 0.39% | +0.17 |
| IXUS iShares Core Intl Stock ETF | Add +0.8% | 1.47% | +0.14 |
| JPM JPMorgan Chase & Co. | Add +0.5% | 2.03% | +0.13 |
| LLY Eli Lilly & Co. | Add +3.2% | 0.92% | +0.12 |
| VEA Vanguard Ftse Developed ETF | Add +10.5% | 0.61% | +0.11 |
| PGR Progressive Corp. | Add +44.3% | 0.25% | +0.11 |
| RTX RTX Corp. | Add +3.2% | 0.56% | +0.10 |
| UNH Unitedhealth Group Inc. | Add +5.6% | 0.86% | +0.10 |
| XOM Exxon Mobil Corp. | Add +0.5% | 0.71% | +0.10 |
| WFC Wells Fargo & Co. | Add +6.6% | 0.72% | +0.09 |
| SCHG Schwab US Large-Cap Growth | New | 0.08% | +0.08 |
| NFLX Netflix Inc. | Add +7.2% | 0.46% | +0.07 |
| AMGN Amgen Inc. | Add +2.6% | 0.30% | +0.06 |
| EFA iShares MSCI Eafe ETF | Add +1.2% | 0.50% | +0.06 |
| CVX Chevron Corp. | Add +3.1% | 0.30% | +0.06 |
| JMST JPM Ultra-Short Muni Income | Add +13.3% | 0.33% | +0.05 |
| CDNS Cadence Design SYS Inc. | Add +61.1% | 0.17% | +0.05 |
| META Meta Platforms Inc. Class A | Add +2.5% | 1.04% | +0.05 |
| VWO Vanguard Ftse Emerging Marke | Add +178.9% | 0.07% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +45.5% | 0.10% | +0.05 |
| ABBV Abbvie Inc. | Add +2.8% | 0.21% | +0.04 |
| NEM Newmont Corp. | New | 0.04% | +0.04 |
| FLOT iShares Floating Rate Bond E | Add +7.6% | 0.38% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | Add +4.6% | 1.00% | +0.04 |
| SUB iShares Short-Term National | Add +11.2% | 0.28% | +0.04 |
| IBM Intl Business Machines Corp. | Add +0.2% | 0.25% | +0.04 |
| VGK Vanguard Ftse Europe ETF | New | 0.04% | +0.04 |
| ILCV iShares Morningstar Value Et | New | 0.03% | +0.03 |
| JMUB JPMorgan Municipal ETF | Add +17.0% | 0.18% | +0.03 |
| ADP Automatic Data Processing | Add +3.6% | 0.27% | +0.03 |
| VTIP Vanguard Short-Term Tips | Add +17.8% | 0.13% | +0.03 |
| JPST JPMorgan Ultra-Short Income | Add +13.6% | 0.17% | +0.03 |
| FBND Fidelity Total Bond ETF | Add +10.6% | 0.19% | +0.03 |
| TSCO Tractor Supply Company | Add +1.1% | 0.31% | +0.03 |
| SLV iShares Silver Trust | Add +1.6% | 0.13% | +0.03 |
| GE General Electric | Add +0.4% | 0.12% | +0.02 |
| TDG Transdigm Group Inc. | Add +2.0% | 0.18% | +0.02 |
| CBOE Cboe Global Markets Inc. | Add +0.2% | 0.14% | +0.02 |
| BND Vanguard Total Bond Market | Add +6.3% | 0.20% | +0.02 |
| CPRT Copart Inc. | Add +34.7% | 0.08% | +0.02 |
| AON Aon PLC Class A | Add +19.0% | 0.08% | +0.02 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +5.7% | 0.26% | +0.02 |
| CRBG Corebridge Financial Inc. | New | 0.02% | +0.02 |
| IP International Paper Co. | New | 0.02% | +0.02 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +51.4% | 0.05% | +0.02 |
| NEE Nextera Energy Inc. | Add +1.1% | 0.51% | +0.02 |
| SCHV Schwab US Large-Cap Value | New | 0.02% | +0.02 |
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 |