ICW Investment Advisors LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), ICW Investment Advisors LLC reported 139 stock positions worth $240.3 million. Its top holding was Microsoft (MSFT) at 2.8% of the portfolio, followed by Apple (AAPL, 2.4%) and Costco Wholesale (COST, 2.2%). Compared with Q2 2024, it opened 3 new positions, sold out of 1, added to 100 and reduced 32. The biggest buy was Resmed (RMD, shares +1%) and the biggest sale Novo-Nordisk A/S-Spons ADR (NVO, shares −2%).

Most Recent 13F
Q2 2026
Location
Scottsdale, AZ
CIK
0001794820
Portfolio Value
$240.3M (Q3 2024)
SEC Filing
0001172661-24-004575 ↗ filed Nov 12, 2024

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $224.9M Q1 2024 Q2 2024: $220.3M Q2 2024 Q3 2024: $240.3M $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 139 stocks · $240.3M
MSFT Microsoft Corp. 2.76% 15,412 $6.6M Reduce -0.3%
AAPL Apple Inc. 2.43% 25,090 $5.8M Reduce -0.8%
COST Costco Wholesale Corp. 2.15% 5,830 $5.2M Reduce -1.9%
MA Mastercard Inc. Class A 2.10% 10,199 $5.0M Add +0.3%
VOO Vanguard S&P 500 ETF 2.05% 9,339 $4.9M Reduce -0.7%
NVO Novo-Nordisk A/S-Spons ADR 2.02% 40,670 $4.8M Reduce -2.0%
ABBV Abbvie Inc. 2.01% 24,456 $4.8M Reduce -1.1%
ORLY O'reilly Automotive Inc. 1.87% 3,897 $4.5M Reduce -0.6%
V Visa Inc. Class A 1.85% 16,162 $4.4M Add +0.5%
HD Home Depot Inc. 1.72% 10,181 $4.1M Add +0.6%
SHW The Sherwin-Williams Co. 1.57% 9,897 $3.8M Reduce -0.3%
ADP Automatic Data Processing 1.50% 13,029 $3.6M Add +1.2%
WMT Walmart Inc. 1.49% 44,273 $3.6M Reduce -3.0%
PEP Pepsico Inc. 1.48% 20,913 $3.6M Add +1.7%
CASY Casey's General Stores Inc. 1.44% 9,232 $3.5M Reduce -1.4%
LIN Linde PLC 1.36% 6,852 $3.3M Add +1.1%
LMT Lockheed Martin Corp. 1.36% 5,570 $3.3M Reduce -0.5%
ABT Abbott Laboratories 1.35% 28,496 $3.2M Add +1.7%
NOC Northrop Grumman Corp. 1.32% 6,012 $3.2M Reduce -0.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.30% 26,480 $3.1M Reduce -0.3%
MCD McDonald's Corp. 1.26% 9,942 $3.0M Add +2.1%
COR Cencora Inc. 1.26% 13,417 $3.0M Reduce -0.0%
AVGO Broadcom Inc. 1.22% 16,973 $2.9M Add +1.9%
XOM Exxon Mobil Corp. 1.16% 23,712 $2.8M Reduce -3.3%
RMD Resmed Inc. 1.15% 11,276 $2.8M Add +0.7%
ROST Ross Stores Inc. 1.14% 18,243 $2.7M Add +0.9%
AMGN Amgen Inc. 1.14% 8,483 $2.7M Reduce -0.6%
PG The Procter & Gamble Co. 1.13% 15,671 $2.7M Add +0.6%
FAST Fastenal Co. 1.09% 36,653 $2.6M Add +2.2%
GD General Dynamics Corp. 1.06% 8,448 $2.6M Reduce -0.3%
JNJ Johnson & Johnson 1.04% 15,375 $2.5M Add +1.5%
KO The Coca-Cola Co. 1.01% 33,712 $2.4M Add +0.9%
CHD Church & Dwight Co. Inc. 1.00% 22,986 $2.4M Add +0.6%
ITW Illinois Tool Works 0.99% 9,042 $2.4M Add +2.2%
SBUX Starbucks Corp. 0.98% 24,273 $2.4M Add +1.4%
AMZN Amazon.com Inc. 0.96% 12,438 $2.3M Add +5.3%
YUM Yum! Brands Inc. 0.96% 16,567 $2.3M Add +3.4%
GOOGL Alphabet Inc. Class A 0.92% 13,372 $2.2M Add +0.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.88% 3,688 $2.1M Add +0.3%
FDS Factset Research Systems Inc. 0.87% 4,537 $2.1M Add +3.2%
BDX Becton Dickinson and Co. 0.86% 8,617 $2.1M Add +2.8%
HSY The Hershey Co. 0.86% 10,794 $2.1M Add +2.9%
CL Colgate-Palmolive Co. 0.86% 19,909 $2.1M Add +0.9%
BCPC Balchem Corp. 0.85% 11,587 $2.0M Reduce -0.4%
O Realty Income Corp. 0.84% 31,803 $2.0M Add +1.8%
DOV Dover Corp. 0.83% 10,447 $2.0M Reduce -0.4%
NVDA Nvidia Corp. 0.82% 16,219 $2.0M Add +0.5%
LHX L3HARRIS Technologies Inc. 0.81% 8,205 $2.0M Add +2.2%
EXPD Expeditors Intl Wash Inc. 0.79% 14,478 $1.9M Reduce -2.2%
CVX Chevron Corp. 0.79% 12,838 $1.9M Add +4.0%
MKC McCormick & Co.-Non VTG SHRS 0.78% 22,825 $1.9M Add +0.8%
UL Unilever PLC 0.78% 28,669 $1.9M Add +1.2%
TGT Target Corp. 0.77% 11,924 $1.9M Add +0.3%
CNI Canadian Natl Railway Co. 0.76% 15,689 $1.8M Add +4.8%
FISV Fiserv Inc. 0.76% 10,098 $1.8M Add +1.3%
GIS General Mills Inc. 0.74% 24,180 $1.8M Add +3.0%
DGX Quest Diagnostics Inc. 0.73% 11,232 $1.7M Reduce -0.6%
SYK Stryker Corp. 0.72% 4,816 $1.7M Add +0.3%
NEE Nextera Energy Inc. 0.72% 20,330 $1.7M Add +1.6%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.71% 1,642 $1.7M Reduce -0.1%
DCI Donaldson Co. Inc. 0.70% 22,855 $1.7M Add +3.6%
RTX RTX Corp. 0.69% 13,761 $1.7M Add +1.5%
ACN Accenture PLC Class A 0.69% 4,701 $1.7M Add +3.6%
NKE Nike Inc. Class B 0.69% 18,627 $1.6M Add +0.9%
CLX Clorox Company 0.68% 10,014 $1.6M Add +1.4%
SO The Southern Co. 0.68% 18,056 $1.6M Add +1.1%
ROL Rollins Inc. 0.63% 29,744 $1.5M Add +3.2%
RSG Republic Services Inc. 0.62% 7,395 $1.5M Add +1.8%
APD Air Products & Chemicals Inc. 0.61% 4,895 $1.5M Add +4.5%
ECL Ecolab Inc. 0.60% 5,645 $1.4M Add +2.5%
MDT Medtronic PLC 0.59% 15,698 $1.4M Add +2.9%
UNH Unitedhealth Group Inc. 0.59% 2,413 $1.4M Add +4.3%
HRL Hormel Foods Corp. 0.58% 44,014 $1.4M Add +3.2%
FLO Flowers Foods Inc. 0.57% 59,136 $1.4M Add +2.5%
PSA Public Storage 0.57% 3,745 $1.4M Add +1.6%
DHR Danaher Corp. 0.55% 4,754 $1.3M Add +2.0%
BF.B Brown-Forman Corp. Class B 0.55% 26,852 $1.3M Add +4.0%
ATR Aptargroup Inc. 0.54% 8,077 $1.3M Add +3.0%
KDP Keurig Dr Pepper Inc. 0.53% 34,141 $1.3M Add +4.0%
WEC WEC Energy Group Inc. 0.53% 13,222 $1.3M Add +1.4%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.52% 7,020 $1.2M Add +2.2%
CSCO Cisco Systems Inc. 0.52% 23,284 $1.2M Add +2.2%
CARR Carrier Global Corp. 0.52% 15,376 $1.2M Add +2.3%
GPC Genuine Parts Co. 0.51% 8,690 $1.2M Add +4.4%
UNP Union Pacific Corp. 0.48% 4,686 $1.2M Add +4.4%
AME Ametek Inc. 0.46% 6,485 $1.1M Add +12.7%
APH Amphenol Corp. Class A 0.44% 16,240 $1.1M Add +3.4%
KMB Kimberly-Clark Corp. 0.44% 7,367 $1.0M Add +3.1%
MO Altria Group Inc. 0.43% 20,207 $1.0M Reduce -3.4%
FTV Fortive Corp. 0.40% 12,110 $956K Add +1.4%
PM Philip Morris International 0.39% 7,731 $939K Reduce -4.0%
QQQ Invesco QQQ Trust Series 1 0.37% 1,840 $898K Reduce -0.1%
GOOG Alphabet Inc. Class C 0.37% 5,286 $884K Add +2.9%
CPK Chesapeake Utilities Corp. 0.36% 6,912 $858K Add +2.5%
NJR New Jersey Resources Corp. 0.34% 17,307 $817K Add +2.7%
JJSF J & J Snack Foods Corp. 0.34% 4,720 $813K Add +2.5%
ZTS Zoetis Inc. 0.33% 4,069 $795K Add +9.8%
MGEE Mge Energy Inc. 0.33% 8,658 $792K Add +1.6%
TXN Texas Instruments Inc. 0.33% 3,816 $788K Add +4.5%
QCOM Qualcomm Inc. 0.32% 4,482 $762K Add +6.2%
CTAS Cintas Corp. 0.30% 3,480 $717K Add +3.9%
ROP Roper Technologies Inc. 0.30% 1,278 $711K Add +6.7%
HEI.A Heico Corp. Class A 0.29% 3,451 $703K Add +2.3%
NSC Norfolk Southern Corp. 0.29% 2,758 $685K Add +6.7%
RSP Invesco S&P 500 Equal Weight 0.28% 3,710 $665K Add +4.9%
MZTI The Marzetti Company filed as LANCASTER COLONY CORP 0.28% 3,760 $664K Add +2.3%
OTIS Otis Worldwide Corp. 0.27% 6,329 $658K Add +1.3%
META Meta Platforms Inc. Class A 0.27% 1,148 $657K Add +8.4%
IWR iShares Russell Mid-Cap ETF 0.27% 7,314 $645K No change
CMCSA Comcast Corp. Class A 0.27% 15,294 $639K Reduce -6.9%
INTU Intuit Inc. 0.25% 968 $601K Reduce -8.7%
TMO Thermo Fisher Scientific Inc. 0.25% 958 $593K Add +4.5%
SPGI S&P Global Inc. 0.24% 1,134 $586K Add +4.1%
CBSH Commerce Bancshares Inc. 0.24% 9,802 $582K Reduce -1.7%
JPM JPMorgan Chase & Co. 0.23% 2,574 $543K Add +0.0%
D Dominion Energy Inc. 0.22% 8,987 $519K Add +4.1%
ORCL Oracle Corp. 0.21% 3,015 $514K Add +5.4%
DPZ Domino's Pizza Inc. 0.19% 1,084 $467K Add +14.0%
LLY Eli Lilly & Co. 0.19% 526 $467K Add +8.9%
AWK American Water Works Co. Inc. 0.19% 3,117 $456K Add +4.0%
BLK BlackRock Finance Inc. 0.18% 453 $431K Add +9.9%
ADI Analog Devices Inc. 0.18% 1,852 $426K Add +17.4%
WSO Watsco Inc. 0.17% 819 $403K Add +6.0%
ODFL Old Dominion Freight Line 0.17% 2,006 $399K Add +5.0%
PAYX Paychex Inc. 0.16% 2,834 $380K Reduce -7.1%
CPRT Copart Inc. 0.15% 6,987 $366K Add +3.5%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.14% 2,872 $348K Reduce -0.9%
STZ Constellation Brands Inc. Class A 0.14% 1,308 $337K Add +2.5%
TSCO Tractor Supply Company 0.13% 1,112 $324K Add +9.3%
DG Dollar General Corp. 0.13% 3,671 $311K Add +0.4%
SYY Sysco Corp. 0.13% 3,913 $306K Reduce -2.8%
HON Honeywell International Inc. 0.12% 1,396 $289K No change
CVS CVS Health Corp. 0.12% 4,459 $280K Add +0.2%
MTD Mettler-Toledo International 0.11% 174 $262K No change
CTSH Cognizant Tech Solutions-A 0.11% 3,355 $259K Reduce -12.1%
VRTX Vertex Pharmaceuticals Inc. 0.11% 554 $258K New
IJR iShares Core S&P Small-Cap E 0.10% 2,120 $248K No change
K Kellanova 0.09% 2,566 $207K New
SDY SS SPDR S&P Dividend ETF 0.08% 1,425 $202K New

Portfolio Sells Q2 2024 → Q3 2024
NVO Novo-Nordisk A/S-Spons ADR Reduce -2.0% 2.02% −0.67
ATRI Atrion Corporation Sold out 0.00% −0.47
MSFT Microsoft Corp. Reduce -0.3% 2.76% −0.38
CASY Casey's General Stores Inc. Reduce -1.4% 1.44% −0.18
COST Costco Wholesale Corp. Reduce -1.9% 2.15% −0.14
XOM Exxon Mobil Corp. Reduce -3.3% 1.16% −0.12
COR Cencora Inc. Reduce -0.0% 1.26% −0.12
VOO Vanguard S&P 500 ETF Reduce -0.7% 2.05% −0.08
AMGN Amgen Inc. Reduce -0.6% 1.14% −0.07
INTU Intuit Inc. Reduce -8.7% 0.25% −0.07
GD General Dynamics Corp. Reduce -0.3% 1.06% −0.05
EXPD Expeditors Intl Wash Inc. Reduce -2.2% 0.79% −0.05
TJX TJX Companies Inc. Reduce -0.3% 1.30% −0.03
QQQ Invesco QQQ Trust Series 1 Reduce -0.1% 0.37% −0.03
CMCSA Comcast Corp. Class A Reduce -6.9% 0.27% −0.03
DOV Dover Corp. Reduce -0.4% 0.83% −0.03
ORLY O'reilly Automotive Inc. Reduce -0.6% 1.87% −0.01
CBSH Commerce Bancshares Inc. Reduce -1.7% 0.24% −0.01
CTSH Cognizant Tech Solutions-A Reduce -12.1% 0.11% −0.01
PAYX Paychex Inc. Reduce -7.1% 0.16% −0.01
MO Altria Group Inc. Reduce -3.4% 0.43% −0.00
SYY Sysco Corp. Reduce -2.8% 0.13% −0.00
SJM The JM Smucker Co. Reduce -0.9% 0.14% +0.00
AAPL Apple Inc. Reduce -0.8% 2.43% +0.01
PM Philip Morris International Reduce -4.0% 0.39% +0.02
DGX Quest Diagnostics Inc. Reduce -0.6% 0.73% +0.02
BCPC Balchem Corp. Reduce -0.4% 0.85% +0.04
GWW WW Grainger Inc. Reduce -0.1% 0.71% +0.04
ABBV Abbvie Inc. Reduce -1.1% 2.01% +0.09
WMT Walmart Inc. Reduce -3.0% 1.49% +0.09
NOC Northrop Grumman Corp. Reduce -0.1% 1.32% +0.13
LMT Lockheed Martin Corp. Reduce -0.5% 1.36% +0.17
SHW The Sherwin-Williams Co. Reduce -0.3% 1.57% +0.23

Portfolio Buys Q2 2024 → Q3 2024
RMD Resmed Inc. Add +0.7% 1.15% +0.17
SBUX Starbucks Corp. Add +1.4% 0.98% +0.14
HD Home Depot Inc. Add +0.6% 1.72% +0.14
MCD McDonald's Corp. Add +2.1% 1.26% +0.13
VRTX Vertex Pharmaceuticals Inc. New 0.11% +0.11
ADP Automatic Data Processing Add +1.2% 1.50% +0.11
O Realty Income Corp. Add +1.8% 0.84% +0.09
K Kellanova New 0.09% +0.09
PSA Public Storage Add +1.6% 0.57% +0.09
CARR Carrier Global Corp. Add +2.3% 0.52% +0.08
SDY SS SPDR S&P Dividend ETF New 0.08% +0.08
FISV Fiserv Inc. Add +1.3% 0.76% +0.08
RTX RTX Corp. Add +1.5% 0.69% +0.08
NEE Nextera Energy Inc. Add +1.6% 0.72% +0.07
GIS General Mills Inc. Add +3.0% 0.74% +0.07
UL Unilever PLC Add +1.2% 0.78% +0.07
CLX Clorox Company Add +1.4% 0.68% +0.07
FAST Fastenal Co. Add +2.2% 1.09% +0.07
ACN Accenture PLC Class A Add +3.6% 0.69% +0.07
WEC WEC Energy Group Inc. Add +1.4% 0.53% +0.06
MA Mastercard Inc. Class A Add +0.3% 2.10% +0.06
APD Air Products & Chemicals Inc. Add +4.5% 0.61% +0.06
NKE Nike Inc. Class B Add +0.9% 0.69% +0.05
FDS Factset Research Systems Inc. Add +3.2% 0.87% +0.05
MKC McCormick & Co.-Non VTG SHRS Add +0.8% 0.78% +0.05
UNH Unitedhealth Group Inc. Add +4.3% 0.59% +0.05
SO The Southern Co. Add +1.1% 0.68% +0.05
BF.B Brown-Forman Corp. Class B Add +4.0% 0.55% +0.04
MDT Medtronic PLC Add +2.9% 0.59% +0.04
KO The Coca-Cola Co. Add +0.9% 1.01% +0.04
MGEE Mge Energy Inc. Add +1.6% 0.33% +0.04
ZTS Zoetis Inc. Add +9.8% 0.33% +0.04
ATR Aptargroup Inc. Add +3.0% 0.54% +0.04
KDP Keurig Dr Pepper Inc. Add +4.0% 0.53% +0.03
ITW Illinois Tool Works Add +2.2% 0.99% +0.03
NSC Norfolk Southern Corp. Add +6.7% 0.29% +0.03
BLK BlackRock Finance Inc. Add +9.9% 0.18% +0.03
CPK Chesapeake Utilities Corp. Add +2.5% 0.36% +0.03
CTAS Cintas Corp. Add +3.9% 0.30% +0.03
JNJ Johnson & Johnson Add +1.5% 1.04% +0.03
META Meta Platforms Inc. Class A Add +8.4% 0.27% +0.03
ORCL Oracle Corp. Add +5.4% 0.21% +0.03
ABT Abbott Laboratories Add +1.7% 1.35% +0.03
AME Ametek Inc. Add +12.7% 0.46% +0.03
CSCO Cisco Systems Inc. Add +2.2% 0.52% +0.02
D Dominion Energy Inc. Add +4.1% 0.22% +0.02
SPGI S&P Global Inc. Add +4.1% 0.24% +0.02
DHR Danaher Corp. Add +2.0% 0.55% +0.02
HEI.A Heico Corp. Class A Add +2.3% 0.29% +0.02
UNP Union Pacific Corp. Add +4.4% 0.48% +0.02

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