Dearborn Partners LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 17, 2026), Dearborn Partners LLC reported 285 stock positions worth $1.8 billion. Its top holding was Apple (AAPL) at 6.5% of the portfolio, followed by Microsoft (MSFT, 4.3%) and Amphenol Class A (APH, 2.5%). Compared with Q1 2026, it opened 20 new positions, sold out of 5, added to 100 and reduced 122. The biggest buy was Nvidia (NVDA, shares +248%) and the biggest sale Accenture Class A (ACN, shares −72%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001206792
- Portfolio Value
- $1.8B (Q2 2026)
- SEC Filing
- 0001104659-26-097372 ↗ filed Aug 17, 2026
Holdings Value
Holdings 285 stocks · $1.8B
| AAPL Apple Inc. | 6.47% | 394,954 | $114.3M | Reduce -6.4% |
| MSFT Microsoft Corp. | 4.28% | 202,781 | $75.6M | Add +6.5% |
| APH Amphenol Corp. Class A | 2.48% | 248,854 | $43.9M | Reduce -10.2% |
| CASY Casey's General Stores Inc. | 2.28% | 50,723 | $40.3M | Reduce -34.8% |
| TXN Texas Instruments Inc. | 2.25% | 133,333 | $39.7M | Reduce -10.8% |
| ADP Automatic Data Processing | 2.23% | 176,106 | $39.4M | Add +0.3% |
| QCOM Qualcomm Inc. | 2.02% | 192,792 | $35.6M | Reduce -8.9% |
| MCD McDonald's Corp. | 1.97% | 128,699 | $34.8M | Reduce -16.9% |
| WSO Watsco Inc. | 1.97% | 83,346 | $34.7M | Reduce -7.0% |
| WEC WEC Energy Group Inc. | 1.88% | 284,723 | $33.2M | Reduce -9.4% |
| XOM Exxon Mobil Corp. | 1.86% | 240,815 | $32.9M | Reduce -10.7% |
| ATO Atmos Energy Corp. | 1.84% | 188,329 | $32.4M | Add +0.0% |
| NVDA Nvidia Corp. | 1.79% | 158,102 | $31.6M | Add +248.4% |
| CTVA Corteva Inc. | 1.79% | 373,180 | $31.6M | Reduce -9.8% |
| MA Mastercard Inc. Class A | 1.73% | 59,399 | $30.5M | Reduce -8.1% |
| CAT Caterpillar Inc. | 1.73% | 28,618 | $30.5M | Reduce -0.1% |
| RSG Republic Services Inc. | 1.70% | 140,994 | $30.0M | Reduce -9.7% |
| ITW Illinois Tool Works | 1.63% | 106,637 | $28.8M | Reduce -7.2% |
| ABBV Abbvie Inc. | 1.63% | 114,591 | $28.8M | Reduce -10.8% |
| SHW The Sherwin-Williams Co. | 1.57% | 80,534 | $27.7M | Reduce -7.8% |
| JPM JPMorgan Chase & Co. | 1.54% | 83,018 | $27.2M | Reduce -0.2% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 1.51% | 115,800 | $26.6M | Reduce -8.0% |
| PG The Procter & Gamble Co. | 1.47% | 176,935 | $25.9M | Reduce -8.2% |
| VRSK Verisk Analytics Inc. | 1.44% | 142,071 | $25.5M | Add +23.5% |
| VZ Verizon Communications Inc. | 1.44% | 601,890 | $25.5M | Reduce -10.1% |
| SNA Snap-on Inc. | 1.42% | 62,282 | $25.1M | Reduce -33.6% |
| COST Costco Wholesale Corp. | 1.31% | 24,714 | $23.1M | Reduce -22.9% |
| WMT Walmart Inc. | 1.29% | 200,798 | $22.7M | Reduce -22.3% |
| HD Home Depot Inc. | 1.27% | 63,599 | $22.4M | Reduce -8.7% |
| MSI Motorola Solutions Inc. | 1.21% | 51,444 | $21.4M | Reduce -10.7% |
| SYK Stryker Corp. | 1.16% | 65,038 | $20.5M | Reduce -12.0% |
| NDAQ Nasdaq Inc. | 1.15% | 258,633 | $20.4M | Reduce -9.0% |
| CME Cme Group Inc. | 1.15% | 92,074 | $20.3M | Reduce -8.3% |
| JNJ Johnson & Johnson | 1.15% | 79,895 | $20.3M | Add +0.0% |
| STE Steris PLC | 1.13% | 94,546 | $19.9M | Reduce -10.6% |
| NEE Nextera Energy Inc. | 1.13% | 226,461 | $19.9M | Add +0.0% |
| ECL Ecolab Inc. | 1.11% | 70,503 | $19.6M | Reduce -11.0% |
| EQIX Equinix Inc. | 1.06% | 17,893 | $18.7M | Reduce -12.3% |
| SPGI S&P Global Inc. | 1.05% | 45,371 | $18.5M | Reduce -11.1% |
| AVGO Broadcom Inc. | 1.05% | 48,894 | $18.5M | Add +291.8% |
| CTAS Cintas Corp. | 1.04% | 108,220 | $18.4M | Reduce -12.1% |
| GOOGL Alphabet Inc. Class A | 0.97% | 47,821 | $17.1M | Add +1.8% |
| MKC.V McCormick & Co. Inc. VTG Com | 0.93% | 325,437 | $16.4M | Reduce -10.2% |
| TRI Thomson Reuters Corp. | 0.91% | 196,417 | $16.0M | Reduce -13.2% |
| FAST Fastenal Co. | 0.89% | 328,750 | $15.8M | Reduce -12.8% |
| TMUS T-Mobile US Inc. | 0.89% | 93,991 | $15.8M | Reduce -13.5% |
| GD General Dynamics Corp. | 0.89% | 44,408 | $15.7M | Reduce -0.0% |
| AWK American Water Works Co. Inc. | 0.80% | 106,883 | $14.1M | Reduce -15.3% |
| MDLZ Mondelez International Inc. Class A | 0.78% | 238,885 | $13.8M | Add +2.2% |
| EOG EOG Resources Inc. | 0.71% | 97,134 | $12.6M | Reduce -14.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.70% | 43,983 | $12.4M | Reduce -3.5% |
| ARES Ares Management Corp. Class A | 0.64% | 102,275 | $11.4M | Add +0.5% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.62% | 78,946 | $10.9M | Reduce -14.3% |
| LNT Alliant Energy Corp. | 0.59% | 137,070 | $10.5M | New |
| RPM RPM International Inc. | 0.59% | 93,383 | $10.4M | No change |
| UNP Union Pacific Corp. | 0.56% | 36,683 | $10.0M | Reduce -1.1% |
| INTU Intuit Inc. | 0.54% | 36,583 | $9.5M | Reduce -12.3% |
| BR Broadridge Financial Solutio | 0.54% | 69,618 | $9.5M | Reduce -15.2% |
| RS Reliance Inc. | 0.51% | 24,128 | $9.0M | Reduce -0.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.49% | 57,603 | $8.7M | New |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.49% | 98,271 | $8.6M | Add +28.9% |
| GILD Gilead Sciences Inc. | 0.48% | 67,003 | $8.5M | Reduce -4.1% |
| ABT Abbott Laboratories | 0.45% | 87,008 | $7.9M | Reduce -60.0% |
| OKE Oneok Inc. | 0.41% | 82,898 | $7.2M | Reduce -4.7% |
| PEP Pepsico Inc. | 0.41% | 53,017 | $7.2M | Add +2.1% |
| APD Air Products & Chemicals Inc. | 0.34% | 20,179 | $5.9M | Reduce -5.0% |
| LLY Eli Lilly & Co. | 0.31% | 4,621 | $5.5M | Add +2.4% |
| CVX Chevron Corp. | 0.31% | 32,959 | $5.5M | Add +0.0% |
| RTX RTX Corp. | 0.31% | 28,513 | $5.4M | Reduce -3.4% |
| LIN Linde PLC | 0.29% | 9,892 | $5.1M | Reduce -0.3% |
| NVS Novartis AG-Sponsored ADR | 0.28% | 32,039 | $5.0M | Reduce -9.0% |
| AMZN Amazon.com Inc. | 0.27% | 20,226 | $4.8M | Add +0.6% |
| V Visa Inc. Class A | 0.27% | 13,738 | $4.7M | Add +2.6% |
| O Realty Income Corp. | 0.26% | 73,923 | $4.6M | Reduce -2.5% |
| ACN Accenture PLC Class A | 0.25% | 36,053 | $4.5M | Reduce -71.5% |
| VEA Vanguard Ftse Developed ETF | 0.25% | 62,227 | $4.4M | Add +30.6% |
| KO The Coca-Cola Co. | 0.22% | 48,524 | $3.9M | Add +0.0% |
| SBUX Starbucks Corp. | 0.21% | 37,006 | $3.8M | Reduce -1.7% |
| MRK Merck & Co. Inc. | 0.21% | 28,921 | $3.7M | Reduce -17.5% |
| MDT Medtronic PLC | 0.20% | 46,112 | $3.6M | Reduce -9.0% |
| DE Deere & Co. | 0.19% | 5,389 | $3.4M | Add +9.6% |
| SMH Vaneck Semiconductor ETF | 0.19% | 5,109 | $3.4M | Add +1.5% |
| AGG iShares Core U.S. Aggregate | 0.17% | 30,048 | $3.0M | Add +3.4% |
| AMD Advanced Micro Devices | 0.16% | 4,997 | $2.9M | Reduce -0.2% |
| GOOG Alphabet Inc. Class C | 0.16% | 8,156 | $2.9M | Add +0.3% |
| TSCO Tractor Supply Company | 0.16% | 90,610 | $2.9M | Reduce -82.3% |
| CARR Carrier Global Corp. | 0.16% | 38,437 | $2.8M | Add +0.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.14% | 3,258 | $2.4M | Add +1.4% |
| IJH iShares Core S&P Midcap ETF | 0.14% | 30,926 | $2.4M | Add +27.3% |
| HSY The Hershey Co. | 0.12% | 12,574 | $2.2M | Add +0.0% |
| CRS Carpenter Technology | 0.12% | 3,550 | $2.2M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.12% | 2,753 | $2.1M | Add +15.3% |
| VCLT Vanguard Long-Term Corp. Bond | 0.11% | 26,823 | $2.0M | Add +3.7% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.11% | 1,013 | $2.0M | Add +49.2% |
| ETN Eaton Corp. PLC | 0.11% | 4,688 | $2.0M | Add +63.1% |
| WDC Western Digital Corp. | 0.10% | 2,858 | $1.8M | Reduce -10.9% |
| BLK BlackRock Finance Inc. | 0.10% | 1,889 | $1.8M | Reduce -4.7% |
| SCHA Schwab US Small-Cap ETF | 0.10% | 50,093 | $1.8M | Add +22.6% |
| ZTS Zoetis Inc. | 0.10% | 23,988 | $1.7M | Reduce -77.6% |
| VRP Invesco Variable Rate Prefer | 0.10% | 70,258 | $1.7M | Add +1.8% |
Portfolio Sells Q1 2026 → Q2 2026
| ACN Accenture PLC Class A | Reduce -71.5% | 0.25% | −1.11 |
| TSCO Tractor Supply Company | Reduce -82.3% | 0.16% | −1.09 |
| CASY Casey's General Stores Inc. | Reduce -34.8% | 2.28% | −0.78 |
| ABT Abbott Laboratories | Reduce -60.0% | 0.45% | −0.76 |
| MCD McDonald's Corp. | Reduce -16.9% | 1.97% | −0.64 |
| XOM Exxon Mobil Corp. | Reduce -10.7% | 1.86% | −0.61 |
| ZTS Zoetis Inc. | Reduce -77.6% | 0.10% | −0.59 |
| CME Cme Group Inc. | Reduce -8.3% | 1.15% | −0.45 |
| WMT Walmart Inc. | Reduce -22.3% | 1.29% | −0.45 |
| INTU Intuit Inc. | Reduce -12.3% | 0.54% | −0.44 |
| SNA Snap-on Inc. | Reduce -33.6% | 1.42% | −0.42 |
| COST Costco Wholesale Corp. | Reduce -22.9% | 1.31% | −0.42 |
| VZ Verizon Communications Inc. | Reduce -10.1% | 1.44% | −0.38 |
| TMUS T-Mobile US Inc. | Reduce -13.5% | 0.89% | −0.34 |
| TRI Thomson Reuters Corp. | Reduce -13.2% | 0.91% | −0.19 |
| BR Broadridge Financial Solutio | Reduce -15.2% | 0.54% | −0.18 |
| EOG EOG Resources Inc. | Reduce -14.9% | 0.71% | −0.18 |
| JKHY Jack Henry & Associates Inc. | Reduce -14.3% | 0.62% | −0.17 |
| SYK Stryker Corp. | Reduce -12.0% | 1.16% | −0.15 |
| NDAQ Nasdaq Inc. | Reduce -9.0% | 1.15% | −0.15 |
| RSG Republic Services Inc. | Reduce -9.7% | 1.70% | −0.15 |
| MSI Motorola Solutions Inc. | Reduce -10.7% | 1.21% | −0.14 |
| STE Steris PLC | Reduce -10.6% | 1.13% | −0.14 |
| AWK American Water Works Co. Inc. | Reduce -15.3% | 0.80% | −0.13 |
| SPGI S&P Global Inc. | Reduce -11.1% | 1.05% | −0.13 |
| WEC WEC Energy Group Inc. | Reduce -9.4% | 1.88% | −0.09 |
| CTVA Corteva Inc. | Reduce -9.8% | 1.79% | −0.09 |
| CTAS Cintas Corp. | Reduce -12.1% | 1.04% | −0.09 |
| MKC.V McCormick & Co. Inc. VTG Com | Reduce -10.2% | 0.93% | −0.06 |
| FAST Fastenal Co. | Reduce -12.8% | 0.89% | −0.05 |
| GILD Gilead Sciences Inc. | Reduce -4.1% | 0.48% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -8.2% | 1.47% | −0.04 |
| HON Honeywell International Inc. | Reduce -50.0% | 0.04% | −0.04 |
| MDT Medtronic PLC | Reduce -9.0% | 0.20% | −0.03 |
| ECL Ecolab Inc. | Reduce -11.0% | 1.11% | −0.03 |
| EQIX Equinix Inc. | Reduce -12.3% | 1.06% | −0.03 |
| ODFL Old Dominion Freight Line | Sold out | 0.00% | −0.03 |
| ROP Roper Technologies Inc. | Reduce -28.9% | 0.06% | −0.02 |
| TSLX Sixth Street Specialty Lendi | Reduce -43.4% | 0.03% | −0.02 |
| PFE Pfizer Inc. | Reduce -20.4% | 0.06% | −0.02 |
| Newmont Mining Corporation | Sold out | 0.00% | −0.02 |
| MA Mastercard Inc. Class A | Reduce -8.1% | 1.73% | −0.02 |
| GLD SPDR Gold Shares | Reduce -13.8% | 0.06% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -17.5% | 0.21% | −0.02 |
| OKE Oneok Inc. | Reduce -4.7% | 0.41% | −0.02 |
| VIXY Proshares Vix Short-Term Fut | Sold out | 0.00% | −0.02 |
| LYB Lyondellbasell Indu Class A | Reduce -5.8% | 0.03% | −0.02 |
| MUB iShares National Muni Bond E | Sold out | 0.00% | −0.01 |
| T AT&T Inc. | Reduce -5.6% | 0.03% | −0.01 |
| RELX Relx PLC - Spon ADR | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| NVDA Nvidia Corp. | Add +248.4% | 1.79% | +1.36 |
| AVGO Broadcom Inc. | Add +291.8% | 1.05% | +0.84 |
| LNT Alliant Energy Corp. | New | 0.59% | +0.59 |
| TJX TJX Companies Inc. | New | 0.49% | +0.49 |
| MSFT Microsoft Corp. | Add +6.5% | 4.28% | +0.47 |
| ADP Automatic Data Processing | Add +0.3% | 2.23% | +0.30 |
| VRSK Verisk Analytics Inc. | Add +23.5% | 1.44% | +0.26 |
| GOOGL Alphabet Inc. Class A | Add +1.8% | 0.97% | +0.24 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +28.9% | 0.49% | +0.17 |
| JNJ Johnson & Johnson | Add +0.0% | 1.15% | +0.09 |
| LLY Eli Lilly & Co. | Add +2.4% | 0.31% | +0.09 |
| VEA Vanguard Ftse Developed ETF | Add +30.6% | 0.25% | +0.09 |
| SMH Vaneck Semiconductor ETF | Add +1.5% | 0.19% | +0.09 |
| ASML ASML Holding NV-NY Reg SHS | Add +49.2% | 0.11% | +0.07 |
| ETN Eaton Corp. PLC | Add +63.1% | 0.11% | +0.06 |
| MDLZ Mondelez International Inc. Class A | Add +2.2% | 0.78% | +0.05 |
| V Visa Inc. Class A | Add +2.6% | 0.27% | +0.05 |
| AMZN Amazon.com Inc. | Add +0.6% | 0.27% | +0.05 |
| IJH iShares Core S&P Midcap ETF | Add +27.3% | 0.14% | +0.05 |
| ARES Ares Management Corp. Class A | Add +0.5% | 0.64% | +0.04 |
| DE Deere & Co. | Add +9.6% | 0.19% | +0.04 |
| CARR Carrier Global Corp. | Add +0.0% | 0.16% | +0.04 |
| SCHA Schwab US Small-Cap ETF | Add +22.6% | 0.10% | +0.04 |
| JIRE JPMorgan Int Res Enh Eqty | Add +45.5% | 0.09% | +0.04 |
| GOOG Alphabet Inc. Class C | Add +0.3% | 0.16% | +0.04 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.4% | 0.14% | +0.04 |
| TTC Toro Co. | New | 0.03% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +15.3% | 0.12% | +0.03 |
| Intel Corp | Add +0.2% | 0.04% | +0.03 |
| IEMG iShares Core MSCI Emerging | Add +21.2% | 0.08% | +0.03 |
| HEI Heico Corp. | New | 0.03% | +0.03 |
| KO The Coca-Cola Co. | Add +0.0% | 0.22% | +0.02 |
| IGV iShares Expanded Tech-Softwa | New | 0.02% | +0.02 |
| GEV GE Vernova Inc. | Add +0.2% | 0.08% | +0.02 |
| MU Micron Technology Inc. | New | 0.02% | +0.02 |
| MCO Moody's Corp. | Add +42.7% | 0.06% | +0.02 |
| AMAT Applied Materials Inc. | New | 0.02% | +0.02 |
| FSLR First Solar Inc. | New | 0.02% | +0.02 |
| NTRS Northern Trust Corp. | Add +0.0% | 0.09% | +0.02 |
| SPCX Space Exploration Techn Class A | New | 0.02% | +0.02 |
| PGR Progressive Corp. | Add +8.8% | 0.09% | +0.02 |
| EFA iShares MSCI Eafe ETF | New | 0.02% | +0.02 |
| UWM Proshares Ultra RUSSELL2000 | New | 0.02% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +31.9% | 0.04% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +3.3% | 0.08% | +0.02 |
| ICLN iShares Global Clean Energy | New | 0.02% | +0.02 |
| HUBB Hubbell Inc. | New | 0.02% | +0.02 |
| VWO Vanguard Ftse Emerging Marke | Add +19.5% | 0.05% | +0.02 |
| C Citigroup Inc. | Add +0.5% | 0.07% | +0.01 |
| CMI Cummins Inc. | Add +0.4% | 0.05% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 285 | $1.8B | AAPL, MSFT, APH, CASY, TXN |
| Q1 2026 | 269 | $1.8B | AAPL, MSFT, CASY, MCD, XOM |
| Q4 2025 | 264 | $2.0B | AAPL, MSFT, MCD, ADP, CASY |
| Q3 2025 | 255 | $2.1B | AAPL, MSFT, ADP, MCD, CASY |
| Q2 2025 | 256 | $2.1B | AAPL, MSFT, ADP, MCD, RSG |
| Q1 2025 | 257 | $2.1B | AAPL, MSFT, ADP, MCD, ITW |
| Q4 2024 | 259 | $2.4B | AAPL, MSFT, ADP, MCD, HD |
| Q3 2024 | 266 | $2.5B | AAPL, MSFT, ADP, MCD, HD |
| Q2 2024 | 255 | $2.3B | AAPL, MSFT, ADP, QCOM, MCD |
| Q1 2024 | 260 | $2.3B | AAPL, MSFT, ADP, MCD, ITW |