ICW Investment Advisors LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), ICW Investment Advisors LLC reported 139 stock positions worth $239.6 million. Its top holding was Microsoft (MSFT) at 2.7% of the portfolio, followed by Apple (AAPL, 2.6%) and Mastercard Class A (MA, 2.2%). Compared with Q3 2024, it opened 5 new positions, sold out of 5, added to 95 and reduced 39. The biggest buy was Eli Lilly (LLY, shares +1158%) and the biggest sale an exit from Comcast Class A (CMCSA).
- Most Recent 13F
- Q2 2026
- Location
- Scottsdale, AZ
- CIK
- 0001794820
- Portfolio Value
- $239.6M (Q4 2024)
- SEC Filing
- 0001172661-25-000660 ↗ filed Feb 11, 2025
Holdings Value
Holdings 139 stocks · $239.6M
| MSFT Microsoft Corp. | 2.72% | 15,479 | $6.5M | Add +0.4% |
| AAPL Apple Inc. | 2.62% | 25,023 | $6.3M | Reduce -0.3% |
| MA Mastercard Inc. Class A | 2.25% | 10,214 | $5.4M | Add +0.1% |
| COST Costco Wholesale Corp. | 2.14% | 5,601 | $5.1M | Reduce -3.9% |
| V Visa Inc. Class A | 2.14% | 16,235 | $5.1M | Add +0.5% |
| LLY Eli Lilly & Co. | 2.13% | 6,615 | $5.1M | Add +1157.6% |
| VOO Vanguard S&P 500 ETF | 2.11% | 9,393 | $5.1M | Add +0.6% |
| ORLY O'reilly Automotive Inc. | 1.88% | 3,798 | $4.5M | Reduce -2.5% |
| ABBV Abbvie Inc. | 1.80% | 24,316 | $4.3M | Reduce -0.6% |
| AVGO Broadcom Inc. | 1.68% | 17,393 | $4.0M | Add +2.5% |
| HD Home Depot Inc. | 1.60% | 9,824 | $3.8M | Reduce -3.5% |
| ADP Automatic Data Processing | 1.57% | 12,843 | $3.8M | Reduce -1.4% |
| WMT Walmart Inc. | 1.52% | 40,414 | $3.7M | Reduce -8.7% |
| CASY Casey's General Stores Inc. | 1.51% | 9,101 | $3.6M | Reduce -1.4% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.48% | 41,142 | $3.5M | Add +1.2% |
| SHW The Sherwin-Williams Co. | 1.38% | 9,730 | $3.3M | Reduce -1.7% |
| PEP Pepsico Inc. | 1.34% | 21,072 | $3.2M | Add +0.8% |
| ABT Abbott Laboratories | 1.34% | 28,283 | $3.2M | Reduce -0.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.31% | 25,970 | $3.1M | Reduce -1.9% |
| COR Cencora Inc. | 1.24% | 13,252 | $3.0M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 1.24% | 13,500 | $3.0M | Add +8.5% |
| MCD McDonald's Corp. | 1.21% | 10,027 | $2.9M | Add +0.8% |
| LIN Linde PLC | 1.20% | 6,872 | $2.9M | Add +0.3% |
| ROST Ross Stores Inc. | 1.16% | 18,391 | $2.8M | Add +0.8% |
| NOC Northrop Grumman Corp. | 1.16% | 5,927 | $2.8M | Reduce -1.4% |
| GOOGL Alphabet Inc. Class A | 1.14% | 14,461 | $2.7M | Add +8.1% |
| LMT Lockheed Martin Corp. | 1.13% | 5,583 | $2.7M | Add +0.2% |
| PG The Procter & Gamble Co. | 1.10% | 15,670 | $2.6M | Reduce -0.0% |
| RMD Resmed Inc. | 1.08% | 11,353 | $2.6M | Add +0.7% |
| FAST Fastenal Co. | 1.07% | 35,811 | $2.6M | Reduce -2.3% |
| XOM Exxon Mobil Corp. | 1.06% | 23,534 | $2.5M | Reduce -0.8% |
| NVDA Nvidia Corp. | 1.06% | 18,844 | $2.5M | Add +16.2% |
| CHD Church & Dwight Co. Inc. | 1.00% | 22,899 | $2.4M | Reduce -0.4% |
| JNJ Johnson & Johnson | 1.00% | 16,568 | $2.4M | Add +7.8% |
| YUM Yum! Brands Inc. | 0.97% | 17,265 | $2.3M | Add +4.2% |
| ITW Illinois Tool Works | 0.95% | 9,002 | $2.3M | Reduce -0.4% |
| AMGN Amgen Inc. | 0.93% | 8,593 | $2.2M | Add +1.3% |
| GD General Dynamics Corp. | 0.93% | 8,491 | $2.2M | Add +0.5% |
| FDS Factset Research Systems Inc. | 0.93% | 4,634 | $2.2M | Add +2.1% |
| SBUX Starbucks Corp. | 0.92% | 24,121 | $2.2M | Reduce -0.6% |
| CVX Chevron Corp. | 0.91% | 14,997 | $2.2M | Add +16.8% |
| FISV Fiserv Inc. | 0.91% | 10,571 | $2.2M | Add +4.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.90% | 3,694 | $2.2M | Add +0.2% |
| KO The Coca-Cola Co. | 0.88% | 34,040 | $2.1M | Add +1.0% |
| BDX Becton Dickinson and Co. | 0.84% | 8,901 | $2.0M | Add +3.3% |
| DOV Dover Corp. | 0.81% | 10,282 | $1.9M | Reduce -1.6% |
| ACN Accenture PLC Class A | 0.79% | 5,369 | $1.9M | Add +14.2% |
| BCPC Balchem Corp. | 0.78% | 11,493 | $1.9M | Reduce -0.8% |
| HSY The Hershey Co. | 0.77% | 10,844 | $1.8M | Add +0.5% |
| CL Colgate-Palmolive Co. | 0.76% | 19,968 | $1.8M | Add +0.3% |
| LHX L3HARRIS Technologies Inc. | 0.73% | 8,316 | $1.7M | Add +1.4% |
| SYK Stryker Corp. | 0.73% | 4,846 | $1.7M | Add +0.6% |
| MKC McCormick & Co.-Non VTG SHRS | 0.72% | 22,693 | $1.7M | Reduce -0.6% |
| O Realty Income Corp. | 0.72% | 32,312 | $1.7M | Add +1.6% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.70% | 1,584 | $1.7M | Reduce -3.5% |
| DGX Quest Diagnostics Inc. | 0.70% | 11,062 | $1.7M | Reduce -1.5% |
| CLX Clorox Company | 0.69% | 10,155 | $1.6M | Add +1.4% |
| CNI Canadian Natl Railway Co. | 0.69% | 16,175 | $1.6M | Add +3.1% |
| UL Unilever PLC | 0.68% | 28,741 | $1.6M | Add +0.3% |
| TGT Target Corp. | 0.67% | 11,945 | $1.6M | Add +0.2% |
| DCI Donaldson Co. Inc. | 0.67% | 23,944 | $1.6M | Add +4.8% |
| RTX RTX Corp. | 0.67% | 13,768 | $1.6M | Add +0.1% |
| EXPD Expeditors Intl Wash Inc. | 0.66% | 14,256 | $1.6M | Reduce -1.5% |
| GIS General Mills Inc. | 0.65% | 24,531 | $1.6M | Add +1.4% |
| RSG Republic Services Inc. | 0.64% | 7,644 | $1.5M | Add +3.4% |
| SO The Southern Co. | 0.63% | 18,380 | $1.5M | Add +1.8% |
| NEE Nextera Energy Inc. | 0.63% | 20,985 | $1.5M | Add +3.2% |
| APD Air Products & Chemicals Inc. | 0.61% | 5,028 | $1.5M | Add +2.7% |
| UNH Unitedhealth Group Inc. | 0.61% | 2,868 | $1.5M | Add +18.9% |
| ROL Rollins Inc. | 0.60% | 30,859 | $1.4M | Add +3.8% |
| HRL Hormel Foods Corp. | 0.58% | 44,473 | $1.4M | Add +1.0% |
| CSCO Cisco Systems Inc. | 0.58% | 23,315 | $1.4M | Add +0.1% |
| NKE Nike Inc. Class B | 0.57% | 18,126 | $1.4M | Reduce -2.7% |
| ECL Ecolab Inc. | 0.57% | 5,794 | $1.4M | Add +2.6% |
| WEC WEC Energy Group Inc. | 0.53% | 13,477 | $1.3M | Add +1.9% |
| MDT Medtronic PLC | 0.53% | 15,783 | $1.3M | Add +0.5% |
| ATR Aptargroup Inc. | 0.53% | 8,018 | $1.3M | Reduce -0.7% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.52% | 7,162 | $1.3M | Add +2.0% |
| AME Ametek Inc. | 0.52% | 6,889 | $1.2M | Add +6.2% |
| FLO Flowers Foods Inc. | 0.51% | 58,894 | $1.2M | Reduce -0.4% |
| PSA Public Storage | 0.48% | 3,862 | $1.2M | Add +3.1% |
| UNP Union Pacific Corp. | 0.48% | 5,058 | $1.2M | Add +7.9% |
| KDP Keurig Dr Pepper Inc. | 0.48% | 35,689 | $1.1M | Add +4.5% |
| DHR Danaher Corp. | 0.48% | 4,982 | $1.1M | Add +4.8% |
| APH Amphenol Corp. Class A | 0.46% | 16,013 | $1.1M | Reduce -1.4% |
| MO Altria Group Inc. | 0.46% | 21,205 | $1.1M | Add +4.9% |
| KMB Kimberly-Clark Corp. | 0.45% | 8,194 | $1.1M | Add +11.2% |
| CARR Carrier Global Corp. | 0.44% | 15,391 | $1.1M | Add +0.1% |
| GPC Genuine Parts Co. | 0.43% | 8,839 | $1.0M | Add +1.7% |
| GOOG Alphabet Inc. Class C | 0.42% | 5,279 | $1.0M | Reduce -0.1% |
| BF.B Brown-Forman Corp. Class B | 0.41% | 25,721 | $977K | Reduce -4.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.39% | 1,807 | $924K | Reduce -1.8% |
| FTV Fortive Corp. | 0.38% | 12,039 | $903K | Reduce -0.6% |
| PM Philip Morris International | 0.37% | 7,433 | $895K | Reduce -3.9% |
| QCOM Qualcomm Inc. | 0.36% | 5,672 | $871K | Add +26.6% |
| CPK Chesapeake Utilities Corp. | 0.35% | 6,962 | $845K | Add +0.7% |
| NJR New Jersey Resources Corp. | 0.34% | 17,721 | $827K | Add +2.4% |
| MGEE Mge Energy Inc. | 0.34% | 8,687 | $816K | Add +0.3% |
| INTU Intuit Inc. | 0.34% | 1,295 | $814K | Add +33.8% |
| ZTS Zoetis Inc. | 0.34% | 4,989 | $813K | Add +22.6% |
Portfolio Sells Q3 2024 → Q4 2024
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.27 |
| ABBV Abbvie Inc. | Reduce -0.6% | 1.80% | −0.21 |
| SHW The Sherwin-Williams Co. | Reduce -1.7% | 1.38% | −0.19 |
| NOC Northrop Grumman Corp. | Reduce -1.4% | 1.16% | −0.16 |
| BF.B Brown-Forman Corp. Class B | Reduce -4.2% | 0.41% | −0.14 |
| EXPD Expeditors Intl Wash Inc. | Reduce -1.5% | 0.66% | −0.13 |
| HD Home Depot Inc. | Reduce -3.5% | 1.60% | −0.12 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.12 |
| NKE Nike Inc. Class B | Reduce -2.7% | 0.57% | −0.11 |
| CTSH Cognizant Tech Solutions-A | Sold out | 0.00% | −0.11 |
| XOM Exxon Mobil Corp. | Reduce -0.8% | 1.06% | −0.10 |
| K Kellanova | Sold out | 0.00% | −0.09 |
| SDY SS SPDR S&P Dividend ETF | Sold out | 0.00% | −0.08 |
| BCPC Balchem Corp. | Reduce -0.8% | 0.78% | −0.07 |
| SBUX Starbucks Corp. | Reduce -0.6% | 0.92% | −0.07 |
| FLO Flowers Foods Inc. | Reduce -0.4% | 0.51% | −0.06 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -0.6% | 0.72% | −0.06 |
| D Dominion Energy Inc. | Reduce -18.2% | 0.17% | −0.05 |
| ITW Illinois Tool Works | Reduce -0.4% | 0.95% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -0.0% | 1.10% | −0.03 |
| DGX Quest Diagnostics Inc. | Reduce -1.5% | 0.70% | −0.03 |
| DG Dollar General Corp. | Reduce -13.8% | 0.10% | −0.03 |
| DOV Dover Corp. | Reduce -1.6% | 0.81% | −0.03 |
| STZ Constellation Brands Inc. Class A | Reduce -2.1% | 0.12% | −0.02 |
| FTV Fortive Corp. | Reduce -0.6% | 0.38% | −0.02 |
| SJM The JM Smucker Co. | Reduce -3.8% | 0.13% | −0.02 |
| PM Philip Morris International | Reduce -3.9% | 0.37% | −0.02 |
| ABT Abbott Laboratories | Reduce -0.8% | 1.34% | −0.02 |
| FAST Fastenal Co. | Reduce -2.3% | 1.07% | −0.01 |
| COR Cencora Inc. | Reduce -1.2% | 1.24% | −0.01 |
| GWW WW Grainger Inc. | Reduce -3.5% | 0.70% | −0.01 |
| ATR Aptargroup Inc. | Reduce -0.7% | 0.53% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -3.9% | 2.14% | −0.01 |
| CHD Church & Dwight Co. Inc. | Reduce -0.4% | 1.00% | −0.00 |
| PAYX Paychex Inc. | Reduce -5.1% | 0.16% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.8% | 0.39% | +0.01 |
| ORLY O'reilly Automotive Inc. | Reduce -2.5% | 1.88% | +0.01 |
| TJX TJX Companies Inc. | Reduce -1.9% | 1.31% | +0.01 |
| APH Amphenol Corp. Class A | Reduce -1.4% | 0.46% | +0.02 |
| WMT Walmart Inc. | Reduce -8.7% | 1.52% | +0.04 |
| GOOG Alphabet Inc. Class C | Reduce -0.1% | 0.42% | +0.05 |
| CASY Casey's General Stores Inc. | Reduce -1.4% | 1.51% | +0.06 |
| ADP Automatic Data Processing | Reduce -1.4% | 1.57% | +0.07 |
| AAPL Apple Inc. | Reduce -0.3% | 2.62% | +0.18 |
Portfolio Buys Q3 2024 → Q4 2024
| LLY Eli Lilly & Co. | Add +1157.6% | 2.13% | +1.94 |
| AVGO Broadcom Inc. | Add +2.5% | 1.68% | +0.46 |
| V Visa Inc. Class A | Add +0.5% | 2.14% | +0.29 |
| AMZN Amazon.com Inc. | Add +8.5% | 1.24% | +0.27 |
| NVDA Nvidia Corp. | Add +16.2% | 1.06% | +0.24 |
| GOOGL Alphabet Inc. Class A | Add +8.1% | 1.14% | +0.22 |
| CAT Caterpillar Inc. | New | 0.17% | +0.17 |
| ELV Elevance Health Inc. | New | 0.16% | +0.16 |
| FISV Fiserv Inc. | Add +4.7% | 0.91% | +0.15 |
| MA Mastercard Inc. Class A | Add +0.1% | 2.25% | +0.15 |
| CVX Chevron Corp. | Add +16.8% | 0.91% | +0.12 |
| CME Cme Group Inc. | New | 0.11% | +0.11 |
| AZN Astrazeneca PLC-Spons ADR | New | 0.11% | +0.11 |
| ACN Accenture PLC Class A | Add +14.2% | 0.79% | +0.10 |
| INTU Intuit Inc. | Add +33.8% | 0.34% | +0.09 |
| GGG Graco Inc. | New | 0.09% | +0.09 |
| VOO Vanguard S&P 500 ETF | Add +0.6% | 2.11% | +0.06 |
| FDS Factset Research Systems Inc. | Add +2.1% | 0.93% | +0.06 |
| CSCO Cisco Systems Inc. | Add +0.1% | 0.58% | +0.06 |
| AME Ametek Inc. | Add +6.2% | 0.52% | +0.05 |
| QCOM Qualcomm Inc. | Add +26.6% | 0.36% | +0.05 |
| MO Altria Group Inc. | Add +4.9% | 0.46% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +0.1% | 0.26% | +0.03 |
| META Meta Platforms Inc. Class A | Add +8.7% | 0.31% | +0.03 |
| BLK BlackRock Inc. | Add +7.7% | 0.21% | +0.03 |
| DPZ Domino's Pizza Inc. | Add +16.3% | 0.22% | +0.03 |
| RSG Republic Services Inc. | Add +3.4% | 0.64% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.2% | 0.90% | +0.02 |
| CBSH Commerce Bancshares Inc. | Add +2.9% | 0.26% | +0.02 |
| ROST Ross Stores Inc. | Add +0.8% | 1.16% | +0.02 |
| UNH Unitedhealth Group Inc. | Add +18.9% | 0.61% | +0.02 |
| ROP Roper Technologies Inc. | Add +13.1% | 0.31% | +0.02 |
| CPRT Copart Inc. | Add +0.7% | 0.17% | +0.02 |
| KMB Kimberly-Clark Corp. | Add +11.2% | 0.45% | +0.01 |
| HON Honeywell International Inc. | Add +0.1% | 0.13% | +0.01 |
| MGEE Mge Energy Inc. | Add +0.3% | 0.34% | +0.01 |
| CLX Clorox Company | Add +1.4% | 0.69% | +0.01 |
| ZTS Zoetis Inc. | Add +22.6% | 0.34% | +0.01 |
| JKHY Jack Henry & Associates Inc. | Add +2.0% | 0.52% | +0.01 |
| SPGI S&P Global Inc. | Add +6.6% | 0.25% | +0.01 |
| MTD Mettler-Toledo International | Add +28.7% | 0.11% | +0.01 |
| NJR New Jersey Resources Corp. | Add +2.4% | 0.34% | +0.01 |
| ADI Analog Devices Inc. | Add +11.0% | 0.18% | +0.00 |
| SYK Stryker Corp. | Add +0.6% | 0.73% | +0.00 |
| YUM Yum! Brands Inc. | Add +4.2% | 0.97% | +0.00 |
| TSCO Tractor Supply Company | Add +11.9% | 0.14% | +0.00 |
| APD Air Products & Chemicals Inc. | Add +2.7% | 0.61% | +0.00 |
| NSC Norfolk Southern Corp. | Add +6.3% | 0.29% | +0.00 |
| HRL Hormel Foods Corp. | Add +1.0% | 0.58% | +0.00 |
| IWR iShares Russell Mid-Cap ETF | Add +0.0% | 0.27% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 144 | $285.7M | AAPL, AVGO, CASY, NVDA, MSFT |
| Q1 2026 | 147 | $276.6M | AAPL, MSFT, CASY, AVGO, NVDA |
| Q4 2025 | 145 | $275.0M | MSFT, AAPL, AVGO, LLY, MA |
| Q3 2025 | 143 | $274.5M | MSFT, AAPL, AVGO, MA, ABBV |
| Q2 2025 | 140 | $253.2M | MSFT, MA, V, COST, AAPL |
| Q1 2025 | 140 | $245.5M | MSFT, V, AAPL, MA, LLY |
| Q4 2024 | 139 | $239.6M | MSFT, AAPL, MA, COST, V |
| Q3 2024 | 139 | $240.3M | MSFT, AAPL, COST, MA, VOO |
| Q2 2024 | 137 | $220.3M | MSFT, NVO, AAPL, COST, VOO |
| Q1 2024 | 137 | $224.9M | MSFT, NVO, MA, ABBV, V |