ICW Investment Advisors LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 5, 2024), ICW Investment Advisors LLC reported 137 stock positions worth $220.3 million. Its top holding was Microsoft (MSFT) at 3.1% of the portfolio, followed by Novo-Nordisk A/S-Spons ADR (NVO, 2.7%) and Apple (AAPL, 2.4%). Compared with Q1 2024, it opened 1 new position, sold out of 1, added to 26 and reduced 106. The biggest buy was Nvidia (NVDA, shares +3%) and the biggest sale Fastenal (FAST, shares −2%).

Most Recent 13F
Q2 2026
Location
Scottsdale, AZ
CIK
0001794820
Portfolio Value
$220.3M (Q2 2024)
SEC Filing
0001172661-24-003081 ↗ filed Aug 5, 2024

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $224.9M Q1 2024 Q2 2024: $220.3M $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 · $220.3M

MSFT Microsoft Corp. 3.14% 15,456 $6.9M Reduce -2.3%
NVO Novo-Nordisk A/S-Spons ADR 2.69% 41,497 $5.9M Reduce -2.0%
AAPL Apple Inc. 2.42% 25,304 $5.3M Reduce -1.8%
COST Costco Wholesale Corp. 2.29% 5,945 $5.1M Reduce -2.8%
VOO Vanguard S&P 500 ETF 2.14% 9,408 $4.7M Add +1.3%
MA Mastercard Inc. Class A 2.04% 10,166 $4.5M Reduce -2.3%
ABBV Abbvie Inc. 1.92% 24,723 $4.2M Reduce -1.9%
V Visa Inc. Class A 1.92% 16,076 $4.2M Reduce -1.5%
ORLY O'reilly Automotive Inc. 1.88% 3,921 $4.1M Reduce -2.2%
CASY Casey's General Stores Inc. 1.62% 9,362 $3.6M Reduce -2.1%
HD Home Depot Inc. 1.58% 10,121 $3.5M Reduce -1.4%
PEP Pepsico Inc. 1.54% 20,555 $3.4M Add +0.4%
WMT Walmart Inc. 1.40% 45,630 $3.1M Reduce -1.9%
ADP Automatic Data Processing 1.39% 12,872 $3.1M Reduce -1.5%
COR Cencora Inc. 1.37% 13,421 $3.0M Reduce -2.1%
LIN Linde PLC 1.35% 6,776 $3.0M Reduce -1.8%
SHW The Sherwin-Williams Co. 1.35% 9,932 $3.0M Reduce -1.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.33% 26,570 $2.9M Reduce -1.7%
ABT Abbott Laboratories 1.32% 28,029 $2.9M Reduce -0.9%
XOM Exxon Mobil Corp. 1.28% 24,511 $2.8M Reduce -2.2%
AVGO Broadcom Inc. 1.21% 1,666 $2.7M Reduce -0.9%
AMGN Amgen Inc. 1.21% 8,533 $2.7M Reduce -1.8%
ROST Ross Stores Inc. 1.19% 18,088 $2.6M Reduce -1.7%
NOC Northrop Grumman Corp. 1.19% 6,020 $2.6M Reduce -1.5%
LMT Lockheed Martin Corp. 1.19% 5,600 $2.6M Reduce -0.6%
PG The Procter & Gamble Co. 1.17% 15,576 $2.6M Reduce -1.8%
MCD McDonald's Corp. 1.13% 9,741 $2.5M Add +0.1%
GD General Dynamics Corp. 1.12% 8,470 $2.5M Reduce -2.5%
GOOGL Alphabet Inc. Class A 1.10% 13,274 $2.4M Reduce -2.2%
CHD Church & Dwight Co. Inc. 1.08% 22,859 $2.4M Reduce -2.3%
AMZN Amazon.com Inc. 1.04% 11,814 $2.3M Add +0.8%
FAST Fastenal Co. 1.02% 35,854 $2.3M Reduce -1.6%
JNJ Johnson & Johnson 1.01% 15,152 $2.2M Reduce -0.4%
RMD Resmed Inc. 0.97% 11,201 $2.1M Reduce -2.1%
KO The Coca-Cola Co. 0.97% 33,416 $2.1M Reduce -1.5%
YUM Yum! Brands Inc. 0.96% 16,016 $2.1M Reduce -1.0%
ITW Illinois Tool Works 0.95% 8,847 $2.1M Reduce -1.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.91% 3,678 $2.0M Add +1.3%
NVDA Nvidia Corp. 0.91% 16,147 $2.0M Add +2.9%
BDX Becton Dickinson and Co. 0.89% 8,382 $2.0M Reduce -0.5%
CVX Chevron Corp. 0.88% 12,344 $1.9M Reduce -0.9%
HSY The Hershey Co. 0.88% 10,489 $1.9M Reduce -0.9%
CL Colgate-Palmolive Co. 0.87% 19,740 $1.9M Reduce -1.9%
DOV Dover Corp. 0.86% 10,488 $1.9M Reduce -2.7%
SBUX Starbucks Corp. 0.85% 23,945 $1.9M Reduce -0.6%
EXPD Expeditors Intl Wash Inc. 0.84% 14,797 $1.8M Reduce -2.7%
LHX L3HARRIS Technologies Inc. 0.82% 8,026 $1.8M Reduce -1.5%
FDS Factset Research Systems Inc. 0.81% 4,397 $1.8M Reduce -1.1%
BCPC Balchem Corp. 0.81% 11,634 $1.8M Reduce -2.6%
CNI Canadian Natl Railway Co. 0.80% 14,965 $1.8M Reduce -1.3%
TGT Target Corp. 0.80% 11,885 $1.8M Reduce -2.5%
O Realty Income Corp. 0.75% 31,252 $1.7M Add +0.3%
SYK Stryker Corp. 0.74% 4,803 $1.6M Reduce -3.2%
MKC McCormick & Co.-Non VTG SHRS 0.73% 22,642 $1.6M Reduce -1.1%
DCI Donaldson Co. Inc. 0.72% 22,062 $1.6M Reduce -1.6%
UL Unilever PLC 0.71% 28,319 $1.6M Reduce -1.7%
DGX Quest Diagnostics Inc. 0.70% 11,300 $1.5M Reduce -2.3%
FISV Fiserv Inc. 0.67% 9,964 $1.5M Reduce -2.1%
GIS General Mills Inc. 0.67% 23,465 $1.5M Reduce -0.8%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.67% 1,643 $1.5M Reduce -3.2%
NEE Nextera Energy Inc. 0.64% 20,014 $1.4M Reduce -2.3%
RSG Republic Services Inc. 0.64% 7,263 $1.4M Reduce -4.0%
ROL Rollins Inc. 0.64% 28,823 $1.4M Reduce -3.1%
NKE Nike Inc. Class B 0.63% 18,455 $1.4M Reduce -0.7%
SO The Southern Co. 0.63% 17,868 $1.4M Reduce -1.5%
ACN Accenture PLC Class A 0.63% 4,539 $1.4M Reduce -2.6%
RTX RTX Corp. 0.62% 13,562 $1.4M Reduce -1.5%
CLX Clorox Company 0.61% 9,872 $1.3M Reduce -2.3%
ECL Ecolab Inc. 0.59% 5,505 $1.3M Reduce -2.7%
HRL Hormel Foods Corp. 0.59% 42,665 $1.3M Reduce -0.4%
FLO Flowers Foods Inc. 0.58% 57,667 $1.3M Reduce -1.4%
APD Air Products & Chemicals Inc. 0.55% 4,685 $1.2M Reduce -1.6%
MDT Medtronic PLC 0.55% 15,256 $1.2M Reduce -1.1%
UNH Unitedhealth Group Inc. 0.53% 2,314 $1.2M Add +1.7%
DHR Danaher Corp. 0.53% 4,660 $1.2M Reduce -4.0%
GPC Genuine Parts Co. 0.52% 8,323 $1.2M Reduce -2.3%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.52% 6,868 $1.1M Reduce -2.7%
BF.B Brown-Forman Corp. Class B 0.51% 25,824 $1.1M Reduce -1.0%
ATR Aptargroup Inc. 0.50% 7,843 $1.1M Reduce -3.0%
KDP Keurig Dr Pepper Inc. 0.50% 32,832 $1.1M Reduce -1.1%
CSCO Cisco Systems Inc. 0.49% 22,791 $1.1M Add +0.5%
PSA Public Storage 0.48% 3,685 $1.1M Reduce -1.4%
APH Amphenol Corp. Class A 0.48% 15,706 $1.1M Reduce -0.9%
ATRI Atrion Corporation 0.47% 2,270 $1.0M Reduce -5.2%
WEC WEC Energy Group Inc. 0.46% 13,040 $1.0M Reduce -2.0%
UNP Union Pacific Corp. 0.46% 4,488 $1.0M Add +1.2%
KMB Kimberly-Clark Corp. 0.45% 7,146 $988K Reduce -2.6%
AME Ametek Inc. 0.44% 5,756 $960K Reduce -2.1%
MO Altria Group Inc. 0.43% 20,914 $953K Reduce -3.6%
CARR Carrier Global Corp. 0.43% 15,033 $948K Reduce -1.6%
GOOG Alphabet Inc. Class C 0.43% 5,137 $942K Reduce -2.3%
FTV Fortive Corp. 0.40% 11,943 $885K Reduce -3.0%
QQQ Invesco QQQ Trust Series 1 0.40% 1,841 $882K Add +2.5%
QCOM Qualcomm Inc. 0.38% 4,221 $841K Reduce -4.1%
PM Philip Morris International 0.37% 8,057 $816K Reduce -5.2%
JJSF J & J Snack Foods Corp. 0.34% 4,603 $747K Reduce -0.6%
NJR New Jersey Resources Corp. 0.33% 16,845 $720K Reduce -2.9%
CPK Chesapeake Utilities Corp. 0.33% 6,746 $716K Reduce -0.6%
TXN Texas Instruments Inc. 0.32% 3,650 $710K Reduce -0.3%
INTU Intuit Inc. 0.32% 1,060 $697K Add +0.1%
MZTI The Marzetti Company filed as LANCASTER COLONY CORP 0.32% 3,677 $695K Reduce -1.4%
ROP Roper Technologies Inc. 0.31% 1,198 $675K Add +0.1%
CMCSA Comcast Corp. Class A 0.29% 16,421 $643K Reduce -6.9%
ZTS Zoetis Inc. 0.29% 3,704 $642K Add +1.4%
MGEE Mge Energy Inc. 0.29% 8,525 $637K Reduce -0.5%
OTIS Otis Worldwide Corp. 0.27% 6,247 $601K Reduce -1.9%
HEI.A Heico Corp. Class A 0.27% 3,375 $599K No change
IWR iShares Russell Mid-Cap ETF 0.27% 7,314 $593K No change
CTAS Cintas Corp. 0.27% 837 $586K Reduce -1.2%
RSP Invesco S&P 500 Equal Weight 0.26% 3,536 $581K Add +5.4%
CBSH Commerce Bancshares Inc. 0.25% 9,968 $556K Reduce -3.5%
NSC Norfolk Southern Corp. 0.25% 2,586 $555K Reduce -0.7%
META Meta Platforms Inc. Class A 0.24% 1,059 $534K Add +0.9%
JPM JPMorgan Chase & Co. 0.24% 2,573 $520K Add +0.0%
TMO Thermo Fisher Scientific Inc. 0.23% 917 $507K Reduce -1.3%
DPZ Domino's Pizza Inc. 0.22% 951 $491K Add +0.7%
SPGI S&P Global Inc. 0.22% 1,089 $486K Reduce -0.5%
DG Dollar General Corp. 0.22% 3,658 $484K Reduce -2.7%
LLY Eli Lilly & Co. 0.20% 483 $437K Reduce -1.6%
D Dominion Energy Inc. 0.19% 8,631 $423K Reduce -0.6%
ORCL Oracle Corp. 0.18% 2,861 $404K Add +1.1%
AWK American Water Works Co. Inc. 0.18% 2,996 $387K Reduce -4.9%
CPRT Copart Inc. 0.17% 6,753 $366K Add +0.3%
PAYX Paychex Inc. 0.16% 3,051 $362K Reduce -4.3%
ADI Analog Devices Inc. 0.16% 1,578 $360K Add +1.3%
WSO Watsco Inc. 0.16% 773 $358K Reduce -1.9%
ODFL Old Dominion Freight Line 0.15% 1,911 $338K Add +0.5%
STZ Constellation Brands Inc. Class A 0.15% 1,276 $328K Add +0.1%
BLK BlackRock Finance Inc. 0.15% 412 $324K New
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.14% 2,898 $316K Reduce -10.0%
HON Honeywell International Inc. 0.14% 1,396 $298K Reduce -2.6%
SYY Sysco Corp. 0.13% 4,024 $287K Add +0.5%
TSCO Tractor Supply Company 0.12% 1,017 $275K Add +2.1%
CVS CVS Health Corp. 0.12% 4,449 $263K Reduce -3.9%
CTSH Cognizant Tech Solutions-A 0.12% 3,817 $260K Add +0.2%
MTD Mettler-Toledo International 0.11% 174 $244K No change
IJR iShares Core S&P Small-Cap E 0.10% 2,120 $226K No change

Portfolio Sells Q1 2024 → Q2 2024

FAST Fastenal Co. Reduce -1.6% 1.02% −0.23
SHW The Sherwin-Williams Co. Reduce -1.4% 1.35% −0.21
MA Mastercard Inc. Class A Reduce -2.3% 2.04% −0.19
HD Home Depot Inc. Reduce -1.4% 1.58% −0.17
TGT Target Corp. Reduce -2.5% 0.80% −0.16
TROW T Rowe Price Group Inc. Sold out 0.00% −0.16
NKE Nike Inc. Class B Reduce -0.7% 0.63% −0.14
ORLY O'reilly Automotive Inc. Reduce -2.2% 1.88% −0.13
SBUX Starbucks Corp. Reduce -0.6% 0.85% −0.13
ITW Illinois Tool Works Reduce -1.1% 0.95% −0.12
ABBV Abbvie Inc. Reduce -1.9% 1.92% −0.11
V Visa Inc. Class A Reduce -1.5% 1.92% −0.11
COR Cencora Inc. Reduce -2.1% 1.37% −0.11
NOC Northrop Grumman Corp. Reduce -1.5% 1.19% −0.11
ABT Abbott Laboratories Reduce -0.9% 1.32% −0.11
GWW WW Grainger Inc. Reduce -3.2% 0.67% −0.10
ACN Accenture PLC Class A Reduce -2.6% 0.63% −0.09
BF.B Brown-Forman Corp. Class B Reduce -1.0% 0.51% −0.09
CNI Canadian Natl Railway Co. Reduce -1.3% 0.80% −0.09
FDS Factset Research Systems Inc. Reduce -1.1% 0.81% −0.08
CLX Clorox Company Reduce -2.3% 0.61% −0.08
LIN Linde PLC Reduce -1.8% 1.35% −0.08
HRL Hormel Foods Corp. Reduce -0.4% 0.59% −0.07
FTV Fortive Corp. Reduce -3.0% 0.40% −0.07
JNJ Johnson & Johnson Reduce -0.4% 1.01% −0.07
GPC Genuine Parts Co. Reduce -2.3% 0.52% −0.06
GIS General Mills Inc. Reduce -0.8% 0.67% −0.06
ADP Automatic Data Processing Reduce -1.5% 1.39% −0.06
MKC McCormick & Co.-Non VTG SHRS Reduce -1.1% 0.73% −0.05
MDT Medtronic PLC Reduce -1.1% 0.55% −0.05
FISV Fiserv Inc. Reduce -2.1% 0.67% −0.05
CMCSA Comcast Corp. Class A Reduce -6.9% 0.29% −0.05
SYK Stryker Corp. Reduce -3.2% 0.74% −0.05
CVS CVS Health Corp. Reduce -3.9% 0.12% −0.04
NSC Norfolk Southern Corp. Reduce -0.7% 0.25% −0.04
AME Ametek Inc. Reduce -2.1% 0.44% −0.04
DG Dollar General Corp. Reduce -2.7% 0.22% −0.04
HSY The Hershey Co. Reduce -0.9% 0.88% −0.04
BDX Becton Dickinson and Co. Reduce -0.5% 0.89% −0.04
SJM The JM Smucker Co. Reduce -10.0% 0.14% −0.04
FLO Flowers Foods Inc. Reduce -1.4% 0.58% −0.04
YUM Yum! Brands Inc. Reduce -1.0% 0.96% −0.03
RMD Resmed Inc. Reduce -2.1% 0.97% −0.03
MZTI The Marzetti Company Reduce -1.4% 0.32% −0.03
DCI Donaldson Co. Inc. Reduce -1.6% 0.72% −0.03
JKHY Jack Henry & Associates Inc. Reduce -2.7% 0.52% −0.03
ATRI Atrion Corporation Reduce -5.2% 0.47% −0.03
WEC WEC Energy Group Inc. Reduce -2.0% 0.46% −0.02
ATR Aptargroup Inc. Reduce -3.0% 0.50% −0.02
XOM Exxon Mobil Corp. Reduce -2.2% 1.28% −0.01

Portfolio Buys Q1 2024 → Q2 2024

NVDA Nvidia Corp. Add +2.9% 0.91% +0.27
VOO Vanguard S&P 500 ETF Add +1.3% 2.14% +0.15
BLK BlackRock Finance Inc. New 0.15% +0.15
AMZN Amazon.com Inc. Add +0.8% 1.04% +0.10
SPY SS SPDR S&P 500 ETF Trust-US Add +1.3% 0.91% +0.06
QQQ Invesco QQQ Trust Series 1 Add +2.5% 0.40% +0.05
UNH Unitedhealth Group Inc. Add +1.7% 0.53% +0.03
ADI Analog Devices Inc. Add +1.3% 0.16% +0.03
ORCL Oracle Corp. Add +1.1% 0.18% +0.03
ZTS Zoetis Inc. Add +1.4% 0.29% +0.02
META Meta Platforms Inc. Class A Add +0.9% 0.24% +0.02
DPZ Domino's Pizza Inc. Add +0.7% 0.22% +0.01
RSP Invesco S&P 500 Equal Weight Add +5.4% 0.26% +0.01
INTU Intuit Inc. Add +0.1% 0.32% +0.01
TSCO Tractor Supply Company Add +2.1% 0.12% +0.01
ROP Roper Technologies Inc. Add +0.1% 0.31% +0.01
JPM JPMorgan Chase & Co. Add +0.0% 0.24% +0.01
O Realty Income Corp. Add +0.3% 0.75% −0.00
STZ Constellation Brands Inc. Class A Add +0.1% 0.15% −0.01
CTSH Cognizant Tech Solutions-A Add +0.2% 0.12% −0.01
CPRT Copart Inc. Add +0.3% 0.17% −0.01
CSCO Cisco Systems Inc. Add +0.5% 0.49% −0.01
SYY Sysco Corp. Add +0.5% 0.13% −0.01
UNP Union Pacific Corp. Add +1.2% 0.46% −0.02
ODFL Old Dominion Freight Line Add +0.5% 0.15% −0.03
PEP Pepsico Inc. Add +0.4% 1.54% −0.06
MCD McDonald's Corp. Add +0.1% 1.13% −0.09

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