Dillon & Associates Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 30, 2024), Dillon & Associates Inc. reported 82 stock positions worth $636.5 million. Its top holding was Nvidia (NVDA) at 15.5% of the portfolio, followed by Apple (AAPL, 7.6%) and Novo-Nordisk A/S-Spons ADR (NVO, 5.6%). Compared with Q4 2023, it opened 6 new positions, sold out of 2, added to 32 and reduced 32. The biggest buy was Novo-Nordisk A/S-Spons ADR (NVO, shares +1%) and the biggest sale Apple (AAPL, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- JACKSON, MI
- CIK
- 0001054425
- Portfolio Value
- $636.5M (Q1 2024)
- SEC Filing
- 0001054425-24-000002 ↗ filed Apr 30, 2024
Holdings Value
Holdings 82 stocks · $636.5M
| NVDA Nvidia Corp. | 15.48% | 108,980 | $98.5M | Reduce -2.5% |
| AAPL Apple Inc. | 7.61% | 283,096 | $48.4M | Reduce -1.9% |
| NVO Novo-Nordisk A/S-Spons ADR | 5.59% | 277,827 | $35.6M | Add +1.4% |
| V Visa Inc. Class A | 5.05% | 115,212 | $32.1M | Add +0.3% |
| SYK Stryker Corp. | 4.67% | 83,009 | $29.7M | Reduce -1.0% |
| GOOGL Alphabet Inc. Class A | 4.63% | 195,134 | $29.5M | Add +0.2% |
| ABT Abbott Laboratories | 3.44% | 192,102 | $21.9M | Reduce -0.2% |
| LOW Lowe's Cos Inc. | 3.13% | 78,069 | $19.9M | Reduce -1.0% |
| ADP Automatic Data Processing | 2.68% | 68,264 | $17.1M | Reduce -0.5% |
| ORLY O'reilly Automotive Inc. | 2.23% | 12,600 | $14.2M | Add +1.4% |
| APD Air Products & Chemicals Inc. | 2.21% | 58,237 | $14.1M | Add +6.8% |
| PAYC Paycom Software Inc. | 2.16% | 69,124 | $13.8M | Add +8.6% |
| AMZN Amazon.com Inc. | 2.05% | 72,643 | $13.1M | Add +7.6% |
| PEP Pepsico Inc. | 2.00% | 72,818 | $12.7M | Reduce -0.8% |
| SBUX Starbucks Corp. | 2.00% | 139,908 | $12.7M | Add +6.5% |
| DHR Danaher Corp. | 1.88% | 47,853 | $12.0M | Add +0.5% |
| REGN Regeneron Pharmaceuticals | 1.87% | 12,368 | $11.9M | Add +4.9% |
| PANW Palo Alto Networks Inc. | 1.85% | 41,538 | $11.8M | Add +12.0% |
| STZ Constellation Brands Inc. Class A | 1.74% | 40,811 | $11.1M | Add +3.7% |
| NSC Norfolk Southern Corp. | 1.74% | 43,414 | $11.1M | Reduce -0.5% |
| CMG Chipotle Mexican Grill Inc. | 1.72% | 3,773 | $11.0M | Add +1.1% |
| CNI Canadian Natl Railway Co. | 1.63% | 78,365 | $10.3M | No change |
| ECL Ecolab Inc. | 1.58% | 43,613 | $10.1M | Reduce -0.2% |
| GOOG Alphabet Inc. Class C | 1.55% | 64,707 | $9.8M | Reduce -2.5% |
| ISRG Intuitive Surgical Inc. | 1.49% | 23,706 | $9.5M | Add +0.6% |
| FISV Fiserv Inc. | 1.37% | 54,507 | $8.7M | Add +16.0% |
| CRM Salesforce Inc. | 1.20% | 25,465 | $7.7M | Add +4.3% |
| PAYX Paychex Inc. | 1.07% | 55,496 | $6.8M | Reduce -1.6% |
| MSFT Microsoft Corp. | 1.03% | 15,600 | $6.6M | Reduce -0.1% |
| META Meta Platforms Inc. Class A | 0.94% | 12,369 | $6.0M | Add +0.5% |
| CMCSA Comcast Corp. Class A | 0.86% | 126,765 | $5.5M | Add +5.6% |
| COST Costco Wholesale Corp. | 0.76% | 6,634 | $4.9M | Add +3.8% |
| HD Home Depot Inc. | 0.74% | 12,215 | $4.7M | Add +0.6% |
| RTX RTX Corp. | 0.68% | 44,280 | $4.3M | Reduce -8.3% |
| JNJ Johnson & Johnson | 0.62% | 25,038 | $4.0M | Reduce -2.7% |
| PG The Procter & Gamble Co. | 0.52% | 20,609 | $3.3M | Reduce -1.6% |
| CL Colgate-Palmolive Co. | 0.52% | 36,919 | $3.3M | Reduce -5.4% |
| JPM JPMorgan Chase & Co. | 0.52% | 16,555 | $3.3M | Add +4.0% |
| GNRC Generac Holdings Inc. | 0.50% | 25,500 | $3.2M | Add +1.3% |
| MCD McDonald's Corp. | 0.48% | 10,809 | $3.0M | Reduce -1.7% |
| NEE Nextera Energy Inc. | 0.47% | 46,742 | $3.0M | Add +13.7% |
| MNST Monster Beverage Corp. | 0.43% | 46,495 | $2.7M | Add +10.0% |
| ROK Rockwell Automation Inc. | 0.42% | 9,105 | $2.6M | Add +12.5% |
| CELH Celsius Holdings Inc. | 0.40% | 31,012 | $2.6M | New |
| MDLZ Mondelez International Inc. Class A | 0.32% | 29,206 | $2.0M | Reduce -3.0% |
| HON Honeywell International Inc. | 0.31% | 9,763 | $2.0M | Reduce -3.7% |
| SYY Sysco Corp. | 0.26% | 20,519 | $1.7M | Reduce -6.6% |
| AZN Astrazeneca PLC-Spons ADR | 0.26% | 24,087 | $1.6M | Add +3.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.26% | 13,420 | $1.6M | Reduce -16.1% |
| ADBE Adobe Inc. | 0.23% | 2,959 | $1.5M | Add +8.2% |
| PYPL PayPal Holdings Inc. | 0.23% | 21,465 | $1.4M | Reduce -67.9% |
| ABBV Abbvie Inc. | 0.20% | 6,862 | $1.2M | Add +3.0% |
| ETN Eaton Corp. PLC | 0.19% | 3,810 | $1.2M | No change |
| QCOM Qualcomm Inc. | 0.18% | 6,967 | $1.2M | Reduce -4.1% |
| ASML ASML Holding NV-NY Reg SHS | 0.18% | 1,171 | $1.1M | No change |
| DEO Diageo PLC-Sponsored ADR | 0.16% | 6,849 | $1.0M | Reduce -7.1% |
| ADI Analog Devices Inc. | 0.16% | 5,103 | $1.0M | Add +9.7% |
| WMT Walmart Inc. | 0.15% | 16,254 | $975K | Reduce -6.1% |
| HSY The Hershey Co. | 0.12% | 3,898 | $756K | Add +12.8% |
| AMGN Amgen Inc. | 0.12% | 2,616 | $743K | No change |
| UNH Unitedhealth Group Inc. | 0.09% | 1,197 | $593K | No change |
| NVS Novartis AG-Sponsored ADR | 0.08% | 5,323 | $516K | Reduce -3.6% |
| K Kellanova | 0.07% | 8,020 | $457K | No change |
| TGT Target Corp. | 0.07% | 2,525 | $447K | No change |
| MRK Merck & Co. Inc. | 0.07% | 3,376 | $446K | Reduce -2.2% |
| KO The Coca-Cola Co. | 0.06% | 6,496 | $396K | Reduce -0.8% |
| MRSH Marsh & McLennan Cos | 0.06% | 1,800 | $371K | Add +20.0% |
| EMR Emerson Electric Co. | 0.06% | 3,157 | $357K | No change |
| LLY Eli Lilly & Co. | 0.06% | 452 | $352K | No change |
| EOG EOG Resources Inc. | 0.05% | 2,728 | $349K | Add +12.4% |
| CSCO Cisco Systems Inc. | 0.05% | 6,480 | $324K | No change |
| TTC Toro Co. | 0.05% | 3,437 | $316K | Reduce -0.7% |
| AFL Aflac Inc. | 0.04% | 3,300 | $284K | No change |
| INTC Intel Corp. | 0.04% | 6,065 | $267K | Reduce -0.7% |
| ABNB Airbnb Inc. Class A | 0.04% | 1,559 | $257K | New |
| USB US Bancorp | 0.04% | 5,150 | $232K | New |
| COF Capital One Financial Corp. | 0.04% | 1,500 | $224K | New |
| UNP Union Pacific Corp. | 0.03% | 900 | $221K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.03% | 1,152 | $220K | New |
| BDX Becton Dickinson and Co. | 0.03% | 871 | $215K | Reduce -1.5% |
| XOM Exxon Mobil Corp. | 0.03% | 1,788 | $207K | New |
| HBAN Huntington Bancshares Inc. | 0.03% | 13,559 | $190K | Reduce -9.3% |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -1.9% | 7.61% | −2.50 |
| PYPL PayPal Holdings Inc. | Reduce -67.9% | 0.23% | −0.51 |
| ABT Abbott Laboratories | Reduce -0.2% | 3.44% | −0.40 |
| PEP Pepsico Inc. | Reduce -0.8% | 2.00% | −0.26 |
| ADP Automatic Data Processing | Reduce -0.5% | 2.68% | −0.22 |
| GOOG Alphabet Inc. Class C | Reduce -2.5% | 1.55% | −0.15 |
| PAYX Paychex Inc. | Reduce -1.6% | 1.07% | −0.14 |
| NSC Norfolk Southern Corp. | Reduce -0.5% | 1.74% | −0.13 |
| MCD McDonald's Corp. | Reduce -1.7% | 0.48% | −0.11 |
| JNJ Johnson & Johnson | Reduce -2.7% | 0.62% | −0.11 |
| MDLZ Mondelez International Inc. Class A | Reduce -3.0% | 0.32% | −0.07 |
| HON Honeywell International Inc. | Reduce -3.7% | 0.31% | −0.07 |
| LOW Lowe's Cos Inc. | Reduce -1.0% | 3.13% | −0.06 |
| RTX RTX Corp. | Reduce -8.3% | 0.68% | −0.05 |
| VLTO Veralto Corp. | Sold out | 0.00% | −0.05 |
| CL Colgate-Palmolive Co. | Reduce -5.4% | 0.52% | −0.04 |
| EEFT Euronet Worldwide Inc. | Sold out | 0.00% | −0.04 |
| DEO Diageo PLC-Sponsored ADR | Reduce -7.1% | 0.16% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -1.6% | 0.52% | −0.03 |
| MSFT Microsoft Corp. | Reduce -0.1% | 1.03% | −0.03 |
| SYY Sysco Corp. | Reduce -6.6% | 0.26% | −0.03 |
| NVS Novartis AG-Sponsored ADR | Reduce -3.6% | 0.08% | −0.02 |
| INTC Intel Corp. | Reduce -0.7% | 0.04% | −0.01 |
| WMT Walmart Inc. | Reduce -6.1% | 0.15% | −0.01 |
| TTC Toro Co. | Reduce -0.7% | 0.05% | −0.01 |
| KO The Coca-Cola Co. | Reduce -0.8% | 0.06% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -4.1% | 0.18% | −0.01 |
| BDX Becton Dickinson and Co. | Reduce -1.5% | 0.03% | −0.01 |
| HBAN Huntington Bancshares Inc. | Reduce -9.3% | 0.03% | −0.01 |
| DIS The Walt Disney Co. | Reduce -16.1% | 0.26% | −0.00 |
| MRK Merck & Co. Inc. | Reduce -2.2% | 0.07% | +0.00 |
| ECL Ecolab Inc. | Reduce -0.2% | 1.58% | +0.01 |
| SYK Stryker Corp. | Reduce -1.0% | 4.67% | +0.12 |
| NVDA Nvidia Corp. | Reduce -2.5% | 15.48% | +5.44 |
Portfolio Buys Q4 2023 → Q1 2024
| NVO Novo-Nordisk A/S-Spons ADR | Add +1.4% | 5.59% | +0.47 |
| CELH Celsius Holdings Inc. | New | 0.40% | +0.40 |
| FISV Fiserv Inc. | Add +16.0% | 1.37% | +0.24 |
| AMZN Amazon.com Inc. | Add +7.6% | 2.05% | +0.19 |
| CMG Chipotle Mexican Grill Inc. | Add +1.1% | 1.72% | +0.17 |
| META Meta Platforms Inc. Class A | Add +0.5% | 0.94% | +0.15 |
| ORLY O'reilly Automotive Inc. | Add +1.4% | 2.23% | +0.09 |
| ISRG Intuitive Surgical Inc. | Add +0.6% | 1.49% | +0.05 |
| ABNB Airbnb Inc. Class A | New | 0.04% | +0.04 |
| CRM Salesforce Inc. | Add +4.3% | 1.20% | +0.04 |
| USB US Bancorp | New | 0.04% | +0.04 |
| COF Capital One Financial Corp. | New | 0.04% | +0.04 |
| IBM Intl Business Machines Corp. | New | 0.03% | +0.03 |
| XOM Exxon Mobil Corp. | New | 0.03% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +4.0% | 0.52% | +0.03 |
| STZ Constellation Brands Inc. Class A | Add +3.7% | 1.74% | +0.02 |
| NEE Nextera Energy Inc. | Add +13.7% | 0.47% | +0.01 |
| ABBV Abbvie Inc. | Add +3.0% | 0.20% | +0.01 |
| MRSH Marsh & McLennan Cos | Add +20.0% | 0.06% | +0.01 |
| HSY The Hershey Co. | Add +12.8% | 0.12% | +0.00 |
| EOG EOG Resources Inc. | Add +12.4% | 0.05% | +0.00 |
| COST Costco Wholesale Corp. | Add +3.8% | 0.76% | −0.00 |
| REGN Regeneron Pharmaceuticals | Add +4.9% | 1.87% | −0.01 |
| ADI Analog Devices Inc. | Add +9.7% | 0.16% | −0.01 |
| MNST Monster Beverage Corp. | Add +10.0% | 0.43% | −0.01 |
| AZN Astrazeneca PLC-Spons ADR | Add +3.6% | 0.26% | −0.03 |
| HD Home Depot Inc. | Add +0.6% | 0.74% | −0.03 |
| ROK Rockwell Automation Inc. | Add +12.5% | 0.42% | −0.04 |
| ADBE Adobe Inc. | Add +8.2% | 0.23% | −0.06 |
| GNRC Generac Holdings Inc. | Add +1.3% | 0.50% | −0.08 |
| CMCSA Comcast Corp. Class A | Add +5.6% | 0.86% | −0.10 |
| DHR Danaher Corp. | Add +0.5% | 1.88% | −0.11 |
| PANW Palo Alto Networks Inc. | Add +12.0% | 1.85% | −0.13 |
| PAYC Paycom Software Inc. | Add +8.6% | 2.16% | −0.23 |
| SBUX Starbucks Corp. | Add +6.5% | 2.00% | −0.29 |
| GOOGL Alphabet Inc. Class A | Add +0.2% | 4.63% | −0.32 |
| V Visa Inc. Class A | Add +0.3% | 5.05% | −0.37 |
| APD Air Products & Chemicals Inc. | Add +6.8% | 2.21% | −0.50 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 80 | $817.2M | NVDA, AAPL, GOOGL, PANW, V |
| Q1 2026 | 75 | $726.4M | NVDA, AAPL, GOOGL, V, SYK |
| Q4 2025 | 77 | $774.4M | NVDA, AAPL, GOOGL, V, SYK |
| Q3 2025 | 76 | $777.7M | NVDA, AAPL, GOOGL, V, SYK |
| Q2 2025 | 77 | $736.7M | NVDA, AAPL, V, GOOGL, SYK |
| Q1 2025 | 78 | $673.1M | NVDA, AAPL, V, SYK, GOOGL |
| Q4 2024 | 81 | $721.1M | NVDA, AAPL, V, GOOGL, SYK |
| Q3 2024 | 81 | $710.6M | NVDA, AAPL, NVO, GOOGL, V |
| Q2 2024 | 80 | $683.6M | NVDA, AAPL, NVO, GOOGL, V |
| Q1 2024 | 82 | $636.5M | NVDA, AAPL, NVO, V, SYK |