ICW Investment Advisors LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 9, 2024), ICW Investment Advisors LLC reported 137 stock positions worth $224.9 million. Its top holding was Microsoft (MSFT) at 3.0% of the portfolio, followed by Novo-Nordisk A/S-Spons ADR (NVO, 2.4%) and Mastercard Class A (MA, 2.2%). Compared with Q4 2023, it opened 1 new position, sold out of 2, added to 105 and reduced 31. The biggest buy was Nvidia (NVDA, shares +22%) and the biggest sale Apple (AAPL, shares −0%).

Most Recent 13F
Q2 2026
Location
Scottsdale, AZ
CIK
0001794820
Portfolio Value
$224.9M (Q1 2024)
SEC Filing
0001172661-24-002096 ↗ filed May 9, 2024

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $224.9M $224.9M Q1 2024 Q2 2024: $220.3M Q2 2024 Q3 2024: $240.3M Q3 2024 Q4 2024: $239.6M Q4 2024 Q1 2025: $245.5M Q1 2025 Q2 2025: $253.2M Q2 2025 Q3 2025: $274.5M Q3 2025 Q4 2025: $275.0M Q4 2025 Q1 2026: $276.6M Q1 2026 Q2 2026: $285.7M Q2 2026

Holdings 137 stocks · $224.9M

MSFT Microsoft Corp. 2.96% 15,816 $6.7M Reduce -0.0%
NVO Novo-Nordisk A/S-Spons ADR 2.42% 42,340 $5.4M Reduce -0.9%
MA Mastercard Inc. Class A 2.23% 10,401 $5.0M Reduce -0.5%
ABBV Abbvie Inc. 2.04% 25,189 $4.6M Add +0.8%
V Visa Inc. Class A 2.03% 16,323 $4.6M Add +0.0%
ORLY O'reilly Automotive Inc. 2.01% 4,009 $4.5M Reduce -0.7%
COST Costco Wholesale Corp. 1.99% 6,113 $4.5M Add +0.2%
VOO Vanguard S&P 500 ETF 1.99% 9,290 $4.5M Add +4.8%
AAPL Apple Inc. 1.96% 25,762 $4.4M Reduce -0.3%
HD Home Depot Inc. 1.75% 10,261 $3.9M Reduce -1.0%
PEP Pepsico Inc. 1.59% 20,482 $3.6M Add +2.1%
SHW The Sherwin-Williams Co. 1.56% 10,076 $3.5M Add +0.2%
COR Cencora Inc. 1.48% 13,715 $3.3M Reduce -0.3%
ADP Automatic Data Processing 1.45% 13,071 $3.3M Add +1.6%
ABT Abbott Laboratories 1.43% 28,285 $3.2M Add +1.1%
LIN Linde PLC 1.43% 6,903 $3.2M Reduce -0.3%
CASY Casey's General Stores Inc. 1.35% 9,566 $3.0M Add +0.3%
NOC Northrop Grumman Corp. 1.30% 6,110 $2.9M Add +0.1%
XOM Exxon Mobil Corp. 1.30% 25,069 $2.9M Add +1.4%
FAST Fastenal Co. 1.25% 36,456 $2.8M Add +1.0%
WMT Walmart Inc. 1.24% 46,521 $2.8M Add +0.4%
MCD McDonald's Corp. 1.22% 9,733 $2.7M Add +1.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.22% 27,038 $2.7M Add +0.3%
ROST Ross Stores Inc. 1.20% 18,407 $2.7M Add +0.3%
PG The Procter & Gamble Co. 1.14% 15,865 $2.6M Add +4.9%
LMT Lockheed Martin Corp. 1.14% 5,635 $2.6M Add +1.2%
AMGN Amgen Inc. 1.10% 8,690 $2.5M Add +1.2%
GD General Dynamics Corp. 1.09% 8,688 $2.5M Add +0.2%
CHD Church & Dwight Co. Inc. 1.08% 23,395 $2.4M Reduce -0.4%
JNJ Johnson & Johnson 1.07% 15,216 $2.4M Add +3.7%
ITW Illinois Tool Works 1.07% 8,946 $2.4M Reduce -0.5%
RMD Resmed Inc. 1.01% 11,441 $2.3M Add +1.2%
YUM Yum! Brands Inc. 1.00% 16,184 $2.2M Add +2.0%
AVGO Broadcom Inc. 0.99% 1,682 $2.2M Add +1.6%
SBUX Starbucks Corp. 0.98% 24,081 $2.2M Add +3.9%
TGT Target Corp. 0.96% 12,188 $2.2M Reduce -0.3%
AMZN Amazon.com Inc. 0.94% 11,718 $2.1M Add +11.5%
BDX Becton Dickinson and Co. 0.93% 8,424 $2.1M Reduce -0.8%
KO The Coca-Cola Co. 0.92% 33,922 $2.1M Add +0.0%
HSY The Hershey Co. 0.92% 10,582 $2.1M Add +3.7%
GOOGL Alphabet Inc. Class A 0.91% 13,575 $2.0M Add +8.4%
FDS Factset Research Systems Inc. 0.90% 4,445 $2.0M Add +1.0%
CNI Canadian Natl Railway Co. 0.89% 15,161 $2.0M Add +0.2%
CVX Chevron Corp. 0.87% 12,452 $2.0M Add +3.8%
DOV Dover Corp. 0.85% 10,775 $1.9M Add +0.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.84% 3,632 $1.9M Add +0.3%
BCPC Balchem Corp. 0.82% 11,948 $1.9M Reduce -1.0%
EXPD Expeditors Intl Wash Inc. 0.82% 15,210 $1.8M Reduce -0.2%
CL Colgate-Palmolive Co. 0.81% 20,113 $1.8M Reduce 0.0%
SYK Stryker Corp. 0.79% 4,962 $1.8M Add +0.0%
MKC McCormick & Co.-Non VTG SHRS 0.78% 22,896 $1.8M Add +4.3%
NKE Nike Inc. Class B 0.78% 18,579 $1.7M Add +3.4%
LHX L3HARRIS Technologies Inc. 0.77% 8,146 $1.7M Add +1.3%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.77% 1,698 $1.7M Add +0.1%
O Realty Income Corp. 0.75% 31,171 $1.7M Add +1.3%
DCI Donaldson Co. Inc. 0.74% 22,409 $1.7M Add +2.6%
GIS General Mills Inc. 0.74% 23,662 $1.7M Add +4.0%
FISV Fiserv Inc. 0.72% 10,176 $1.6M Add +3.7%
ACN Accenture PLC Class A 0.72% 4,660 $1.6M Add +2.3%
CLX Clorox Company 0.69% 10,099 $1.5M Reduce -1.2%
DGX Quest Diagnostics Inc. 0.68% 11,567 $1.5M Add +2.8%
HRL Hormel Foods Corp. 0.66% 42,839 $1.5M Add +4.1%
RSG Republic Services Inc. 0.64% 7,563 $1.4M Add +4.0%
UL Unilever PLC 0.64% 28,811 $1.4M Add +3.5%
NVDA Nvidia Corp. 0.63% 1,570 $1.4M Add +22.0%
FLO Flowers Foods Inc. 0.62% 58,480 $1.4M Add +3.5%
ROL Rollins Inc. 0.61% 29,735 $1.4M Add +2.3%
BF.B Brown-Forman Corp. Class B 0.60% 26,082 $1.3M Add +5.2%
MDT Medtronic PLC 0.60% 15,425 $1.3M Add +1.6%
RTX RTX Corp. 0.60% 13,765 $1.3M Add +3.6%
GPC Genuine Parts Co. 0.59% 8,516 $1.3M Add +5.3%
NEE Nextera Energy Inc. 0.58% 20,480 $1.3M Add +4.8%
ECL Ecolab Inc. 0.58% 5,657 $1.3M Add +1.4%
SO The Southern Co. 0.58% 18,137 $1.3M Add +0.7%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.55% 7,057 $1.2M Add +8.8%
DHR Danaher Corp. 0.54% 4,852 $1.2M Reduce -0.0%
ATR Aptargroup Inc. 0.52% 8,089 $1.2M Add +2.5%
APD Air Products & Chemicals Inc. 0.51% 4,762 $1.2M Add +11.1%
CSCO Cisco Systems Inc. 0.50% 22,684 $1.1M Add +7.4%
UNH Unitedhealth Group Inc. 0.50% 2,275 $1.1M Add +16.5%
ATRI Atrion Corporation 0.49% 2,395 $1.1M Reduce -0.1%
WEC WEC Energy Group Inc. 0.49% 13,306 $1.1M Add +2.5%
UNP Union Pacific Corp. 0.48% 4,433 $1.1M Add +3.3%
PSA Public Storage 0.48% 3,737 $1.1M Add +1.5%
AME Ametek Inc. 0.48% 5,878 $1.1M Add +1.8%
FTV Fortive Corp. 0.47% 12,309 $1.1M Reduce -1.1%
KDP Keurig Dr Pepper Inc. 0.45% 33,204 $1.0M Add +6.3%
KMB Kimberly-Clark Corp. 0.42% 7,340 $949K Add +4.9%
MO Altria Group Inc. 0.42% 21,688 $946K Reduce -4.5%
APH Amphenol Corp. Class A 0.41% 7,927 $914K Add +1.3%
CARR Carrier Global Corp. 0.39% 15,278 $888K Add +3.7%
GOOG Alphabet Inc. Class C 0.36% 5,257 $800K Reduce -0.6%
QQQ Invesco QQQ Trust Series 1 0.35% 1,796 $797K Add +0.1%
PM Philip Morris International 0.35% 8,500 $779K Reduce -2.9%
MZTI The Marzetti Company filed as LANCASTER COLONY CORP 0.34% 3,730 $774K Reduce -0.3%
CMCSA Comcast Corp. Class A 0.34% 17,640 $765K Reduce -5.1%
QCOM Qualcomm Inc. 0.33% 4,401 $745K Add +4.7%
NJR New Jersey Resources Corp. 0.33% 17,343 $744K Add +2.9%
CPK Chesapeake Utilities Corp. 0.32% 6,783 $728K Add +1.1%
INTU Intuit Inc. 0.31% 1,059 $688K Add +1.4%
MGEE Mge Energy Inc. 0.30% 8,568 $674K Add +0.3%
ROP Roper Technologies Inc. 0.30% 1,197 $671K Add +7.8%
JJSF J & J Snack Foods Corp. 0.30% 4,629 $669K Add +5.8%
NSC Norfolk Southern Corp. 0.29% 2,603 $663K Add +5.7%
TXN Texas Instruments Inc. 0.28% 3,659 $637K Add +4.9%
OTIS Otis Worldwide Corp. 0.28% 6,367 $632K Add +3.9%
ZTS Zoetis Inc. 0.27% 3,654 $618K Add +30.7%
IWR iShares Russell Mid-Cap ETF 0.27% 7,314 $615K Reduce -3.4%
DG Dollar General Corp. 0.26% 3,759 $587K Add +5.3%
CTAS Cintas Corp. 0.26% 847 $582K Add +3.7%
RSP Invesco S&P 500 Equal Weight 0.25% 3,354 $568K Add +10.2%
CBSH Commerce Bancshares Inc. 0.24% 10,327 $549K Reduce -1.9%
TMO Thermo Fisher Scientific Inc. 0.24% 929 $540K Add +1.9%
HEI.A Heico Corp. Class A 0.23% 3,375 $520K Add +1.8%
JPM JPMorgan Chase & Co. 0.23% 2,572 $515K Add +0.1%
META Meta Platforms Inc. Class A 0.23% 1,049 $510K Add +7.5%
DPZ Domino's Pizza Inc. 0.21% 944 $469K Add +10.0%
SPGI S&P Global Inc. 0.21% 1,094 $465K Add +2.5%
D Dominion Energy Inc. 0.19% 8,685 $427K Reduce -6.5%
ODFL Old Dominion Freight Line 0.19% 1,902 $417K Add +4.7%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.18% 3,221 $405K Reduce -7.8%
PAYX Paychex Inc. 0.17% 3,187 $391K Reduce -5.7%
CPRT Copart Inc. 0.17% 6,735 $390K Add +2.6%
AWK American Water Works Co. Inc. 0.17% 3,149 $385K Add +5.7%
LLY Eli Lilly & Co. 0.17% 491 $382K Add +16.1%
CVS CVS Health Corp. 0.16% 4,630 $369K Reduce -7.1%
ORCL Oracle Corp. 0.16% 2,829 $355K Add +16.5%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.16% 2,895 $353K Add +9.3%
STZ Constellation Brands Inc. Class A 0.15% 1,275 $346K Add +0.1%
WSO Watsco Inc. 0.15% 788 $340K Add +13.2%
SYY Sysco Corp. 0.14% 4,004 $325K Add +0.1%
ADI Analog Devices Inc. 0.14% 1,558 $308K Add +11.8%
HON Honeywell International Inc. 0.13% 1,434 $294K Add +0.1%
CTSH Cognizant Tech Solutions-A 0.12% 3,810 $279K Reduce -0.4%
TSCO Tractor Supply Company 0.12% 996 $261K New
IJR iShares Core S&P Small-Cap E 0.10% 2,120 $234K Add +0.1%
MTD Mettler-Toledo International 0.10% 174 $232K Add +3.0%

Portfolio Sells Q4 2023 → Q1 2024

AAPL Apple Inc. Reduce -0.3% 1.96% −0.46
MDY State Street SPDR S&P Midcap Sold out 0.00% −0.17
EXPD Expeditors Intl Wash Inc. Reduce -0.2% 0.82% −0.12
K Kellanova Sold out 0.00% −0.11
BDX Becton Dickinson and Co. Reduce -0.8% 0.93% −0.08
ITW Illinois Tool Works Reduce -0.5% 1.07% −0.08
CMCSA Comcast Corp. Class A Reduce -5.1% 0.34% −0.06
PM Philip Morris International Reduce -2.9% 0.35% −0.05
BCPC Balchem Corp. Reduce -1.0% 0.82% −0.05
SJM The JM Smucker Co. Reduce -7.8% 0.18% −0.03
CBSH Commerce Bancshares Inc. Reduce -1.9% 0.24% −0.03
CVS CVS Health Corp. Reduce -7.1% 0.16% −0.03
MO Altria Group Inc. Reduce -4.5% 0.42% −0.03
D Dominion Energy Inc. Reduce -6.5% 0.19% −0.02
CLX Clorox Company Reduce -1.2% 0.69% −0.02
PAYX Paychex Inc. Reduce -5.7% 0.17% −0.02
CTSH Cognizant Tech Solutions-A Reduce -0.4% 0.12% −0.02
IWR iShares Russell Mid-Cap ETF Reduce -3.4% 0.27% −0.01
DHR Danaher Corp. Reduce -0.0% 0.54% −0.01
GOOG Alphabet Inc. Class C Reduce -0.6% 0.36% −0.01
HD Home Depot Inc. Reduce -1.0% 1.75% +0.00
CHD Church & Dwight Co. Inc. Reduce -0.4% 1.08% +0.00
CL Colgate-Palmolive Co. Reduce 0.0% 0.81% +0.02
FTV Fortive Corp. Reduce -1.1% 0.47% +0.02
LIN Linde PLC Reduce -0.3% 1.43% +0.04
MZTI The Marzetti Company Reduce -0.3% 0.34% +0.04
ATRI Atrion Corporation Reduce -0.1% 0.49% +0.05
MA Mastercard Inc. Class A Reduce -0.5% 2.23% +0.06
MSFT Microsoft Corp. Reduce -0.0% 2.96% +0.06
COR Cencora Inc. Reduce -0.3% 1.48% +0.11
TGT Target Corp. Reduce -0.3% 0.96% +0.11
ORLY O'reilly Automotive Inc. Reduce -0.7% 2.01% +0.14
NVO Novo-Nordisk A/S-Spons ADR Reduce -0.9% 2.42% +0.27

Portfolio Buys Q4 2023 → Q1 2024

NVDA Nvidia Corp. Add +22.0% 0.63% +0.32
AMZN Amazon.com Inc. Add +11.5% 0.94% +0.16
ABBV Abbvie Inc. Add +0.8% 2.04% +0.15
TSCO Tractor Supply Company New 0.12% +0.12
FAST Fastenal Co. Add +1.0% 1.25% +0.11
VOO Vanguard S&P 500 ETF Add +4.8% 1.99% +0.10
XOM Exxon Mobil Corp. Add +1.4% 1.30% +0.09
AVGO Broadcom Inc. Add +1.6% 0.99% +0.09
FISV Fiserv Inc. Add +3.7% 0.72% +0.09
GWW WW Grainger Inc. Add +0.1% 0.77% +0.08
CASY Casey's General Stores Inc. Add +0.3% 1.35% +0.08
SYK Stryker Corp. Add +0.0% 0.79% +0.07
PG The Procter & Gamble Co. Add +4.9% 1.14% +0.07
RMD Resmed Inc. Add +1.2% 1.01% +0.06
RSG Republic Services Inc. Add +4.0% 0.64% +0.06
GOOGL Alphabet Inc. Class A Add +8.4% 0.91% +0.06
WMT Walmart Inc. Add +0.4% 1.24% +0.06
META Meta Platforms Inc. Class A Add +7.5% 0.23% +0.06
RTX RTX Corp. Add +3.6% 0.60% +0.05
MKC McCormick & Co.-Non VTG SHRS Add +4.3% 0.78% +0.05
LLY Eli Lilly & Co. Add +16.1% 0.17% +0.05
DCI Donaldson Co. Inc. Add +2.6% 0.74% +0.05
DOV Dover Corp. Add +0.3% 0.85% +0.04
ATR Aptargroup Inc. Add +2.5% 0.52% +0.04
ECL Ecolab Inc. Add +1.4% 0.58% +0.04
GPC Genuine Parts Co. Add +5.3% 0.59% +0.04
DPZ Domino's Pizza Inc. Add +10.0% 0.21% +0.04
QCOM Qualcomm Inc. Add +4.7% 0.33% +0.04
ORCL Oracle Corp. Add +16.5% 0.16% +0.03
COST Costco Wholesale Corp. Add +0.2% 1.99% +0.03
SHW The Sherwin-Williams Co. Add +0.2% 1.56% +0.03
JKHY Jack Henry & Associates Inc. Add +8.8% 0.55% +0.03
APH Amphenol Corp. Class A Add +1.3% 0.41% +0.03
DG Dollar General Corp. Add +5.3% 0.26% +0.02
HRL Hormel Foods Corp. Add +4.1% 0.66% +0.02
CTAS Cintas Corp. Add +3.7% 0.26% +0.02
RSP Invesco S&P 500 Equal Weight Add +10.2% 0.25% +0.02
TROW T Rowe Price Group Inc. Add +9.3% 0.16% +0.02
CPRT Copart Inc. Add +2.6% 0.17% +0.02
JPM JPMorgan Chase & Co. Add +0.1% 0.23% +0.02
GIS General Mills Inc. Add +4.0% 0.74% +0.01
AME Ametek Inc. Add +1.8% 0.48% +0.01
OTIS Otis Worldwide Corp. Add +3.9% 0.28% +0.01
NSC Norfolk Southern Corp. Add +5.7% 0.29% +0.01
KMB Kimberly-Clark Corp. Add +4.9% 0.42% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +0.3% 0.84% +0.01
ZTS Zoetis Inc. Add +30.7% 0.27% +0.01
ODFL Old Dominion Freight Line Add +4.7% 0.19% +0.01
WSO Watsco Inc. Add +13.2% 0.15% +0.01
TMO Thermo Fisher Scientific Inc. Add +1.9% 0.24% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 144$285.7MAAPL, AVGO, CASY, NVDA, MSFT
Q1 2026 147$276.6MAAPL, MSFT, CASY, AVGO, NVDA
Q4 2025 145$275.0MMSFT, AAPL, AVGO, LLY, MA
Q3 2025 143$274.5MMSFT, AAPL, AVGO, MA, ABBV
Q2 2025 140$253.2MMSFT, MA, V, COST, AAPL
Q1 2025 140$245.5MMSFT, V, AAPL, MA, LLY
Q4 2024 139$239.6MMSFT, AAPL, MA, COST, V
Q3 2024 139$240.3MMSFT, AAPL, COST, MA, VOO
Q2 2024 137$220.3MMSFT, NVO, AAPL, COST, VOO
Q1 2024 137$224.9MMSFT, NVO, MA, ABBV, V