ICW Investment Advisors LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), ICW Investment Advisors LLC reported 140 stock positions worth $253.2 million. Its top holding was Microsoft (MSFT) at 3.0% of the portfolio, followed by Mastercard Class A (MA, 2.2%) and Visa Class A (V, 2.2%). Compared with Q1 2025, it opened 1 new position, sold out of 2, added to 110 and reduced 28. The biggest buy was Broadcom (AVGO, shares +1%) and the biggest sale Eli Lilly (LLY, shares −11%).

Most Recent 13F
Q2 2026
Location
Scottsdale, AZ
CIK
0001794820
Portfolio Value
$253.2M (Q2 2025)
SEC Filing
0001172661-25-003376 ↗ filed Aug 14, 2025

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 Q3 2024 Q4 2024: $239.6M Q4 2024 Q1 2025: $245.5M Q1 2025 Q2 2025: $253.2M $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 140 stocks · $253.2M

MSFT Microsoft Corp. 3.03% 15,444 $7.7M Reduce -0.1%
MA Mastercard Inc. Class A 2.24% 10,109 $5.7M Reduce -0.3%
V Visa Inc. Class A 2.24% 15,958 $5.7M Reduce -0.7%
COST Costco Wholesale Corp. 2.16% 5,533 $5.5M Reduce -0.6%
AAPL Apple Inc. 2.09% 25,778 $5.3M Add +2.2%
VOO Vanguard S&P 500 ETF 1.98% 8,832 $5.0M Reduce -7.8%
ORLY O'reilly Automotive Inc. 1.89% 53,065 $4.8M Reduce -0.9%
AVGO Broadcom Inc. 1.88% 17,307 $4.8M Add +1.4%
LLY Eli Lilly & Co. 1.83% 5,929 $4.6M Reduce -10.6%
CASY Casey's General Stores Inc. 1.81% 8,970 $4.6M Reduce -0.9%
ABBV Abbvie Inc. 1.78% 24,232 $4.5M Reduce -0.3%
ADP Automatic Data Processing 1.55% 12,721 $3.9M Reduce -0.7%
AMZN Amazon.com Inc. 1.54% 17,823 $3.9M Add +2.6%
WMT Walmart Inc. 1.53% 39,745 $3.9M Reduce -0.2%
COR Cencora Inc. 1.53% 12,948 $3.9M Reduce -2.0%
ABT Abbott Laboratories 1.52% 28,231 $3.8M Reduce -0.3%
HD Home Depot Inc. 1.43% 9,862 $3.6M Add +1.1%
NVDA Nvidia Corp. 1.36% 21,721 $3.4M Add +5.1%
SHW The Sherwin-Williams Co. 1.35% 9,919 $3.4M Add +1.4%
LIN Linde PLC 1.30% 6,992 $3.3M Add +1.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.25% 25,729 $3.2M Reduce -0.6%
NOC Northrop Grumman Corp. 1.20% 6,054 $3.0M Add +1.6%
FAST Fastenal Co. 1.18% 71,184 $3.0M Reduce -0.6%
MCD McDonald's Corp. 1.18% 10,218 $3.0M Add +1.3%
RMD Resmed Inc. 1.17% 11,524 $3.0M Add +1.1%
NVO Novo-Nordisk A/S-Spons ADR 1.15% 42,226 $2.9M Add +2.3%
PEP Pepsico Inc. 1.15% 21,974 $2.9M Add +2.7%
GOOGL Alphabet Inc. Class A 1.08% 15,453 $2.7M Add +2.8%
LMT Lockheed Martin Corp. 1.05% 5,740 $2.7M Add +2.2%
YUM Yum! Brands Inc. 1.03% 17,591 $2.6M Add +1.3%
JNJ Johnson & Johnson 1.03% 17,012 $2.6M Add +1.8%
XOM Exxon Mobil Corp. 1.03% 24,100 $2.6M Add +1.7%
PG The Procter & Gamble Co. 1.00% 15,904 $2.5M Add +1.7%
GD General Dynamics Corp. 1.00% 8,681 $2.5M Add +1.5%
AMGN Amgen Inc. 0.97% 8,777 $2.5M Add +1.3%
KO The Coca-Cola Co. 0.96% 34,292 $2.4M Add +0.8%
ROST Ross Stores Inc. 0.94% 18,598 $2.4M Add +0.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.90% 3,689 $2.3M Reduce -0.4%
ITW Illinois Tool Works 0.89% 9,146 $2.3M Add +1.6%
CHD Church & Dwight Co. Inc. 0.88% 23,215 $2.2M Add +1.6%
CVX Chevron Corp. 0.87% 15,459 $2.2M Add +2.2%
SBUX Starbucks Corp. 0.87% 23,927 $2.2M Reduce -0.4%
LHX L3HARRIS Technologies Inc. 0.85% 8,555 $2.1M Add +2.1%
FDS Factset Research Systems Inc. 0.84% 4,774 $2.1M Add +2.3%
RTX RTX Corp. 0.80% 13,948 $2.0M Add +0.7%
DGX Quest Diagnostics Inc. 0.79% 11,081 $2.0M Reduce -0.2%
SYK Stryker Corp. 0.77% 4,897 $1.9M Add +1.2%
O Realty Income Corp. 0.76% 33,417 $1.9M Add +2.0%
RSG Republic Services Inc. 0.76% 7,757 $1.9M Add +1.1%
DOV Dover Corp. 0.75% 10,421 $1.9M Add +2.1%
FISV Fiserv Inc. 0.75% 10,954 $1.9M Add +2.9%
CL Colgate-Palmolive Co. 0.74% 20,636 $1.9M Add +2.5%
HSY The Hershey Co. 0.73% 11,174 $1.9M Add +2.5%
BCPC Balchem Corp. 0.73% 11,642 $1.9M Add +0.8%
UL Unilever PLC 0.71% 29,194 $1.8M Add +1.9%
ROL Rollins Inc. 0.70% 31,453 $1.8M Add +0.9%
MKC McCormick & Co.-Non VTG SHRS 0.70% 23,241 $1.8M Add +2.3%
CNI Canadian Natl Railway Co. 0.67% 16,405 $1.7M Add +0.9%
SO The Southern Co. 0.67% 18,578 $1.7M Add +0.8%
DCI Donaldson Co. Inc. 0.67% 24,597 $1.7M Add +2.1%
APH Amphenol Corp. Class A 0.66% 17,003 $1.7M Add +3.4%
ACN Accenture PLC Class A 0.66% 5,601 $1.7M Add +3.3%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.66% 1,607 $1.7M Add +1.2%
ECL Ecolab Inc. 0.65% 6,094 $1.6M Add +3.1%
EXPD Expeditors Intl Wash Inc. 0.64% 14,174 $1.6M Reduce -0.4%
BDX Becton Dickinson and Co. 0.63% 9,191 $1.6M Add +2.6%
CSCO Cisco Systems Inc. 0.62% 22,706 $1.6M Reduce -2.6%
NEE Nextera Energy Inc. 0.61% 22,134 $1.5M Add +3.8%
APD Air Products & Chemicals Inc. 0.60% 5,365 $1.5M Add +5.2%
WEC WEC Energy Group Inc. 0.56% 13,730 $1.4M Add +1.8%
HRL Hormel Foods Corp. 0.56% 47,014 $1.4M Add +3.6%
MDT Medtronic PLC 0.55% 15,949 $1.4M Add +2.9%
ATR Aptargroup Inc. 0.54% 8,689 $1.4M Add +4.2%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.53% 7,513 $1.4M Add +4.3%
PM Philip Morris International 0.53% 7,361 $1.3M Reduce -0.5%
AME Ametek Inc. 0.53% 7,384 $1.3M Add +4.8%
GIS General Mills Inc. 0.52% 25,631 $1.3M Add +3.6%
UNP Union Pacific Corp. 0.51% 5,570 $1.3M Add +6.0%
CLX Clorox Company 0.51% 10,663 $1.3M Add +3.9%
NKE Nike Inc. Class B 0.50% 17,726 $1.3M Add +0.1%
KDP Keurig Dr Pepper Inc. 0.49% 37,595 $1.2M Add +4.0%
MO Altria Group Inc. 0.48% 20,931 $1.2M Reduce -1.1%
INTU Intuit Inc. 0.47% 1,516 $1.2M Add +7.2%
TGT Target Corp. 0.47% 12,100 $1.2M Add +1.0%
CARR Carrier Global Corp. 0.46% 15,906 $1.2M Add +2.5%
PSA Public Storage 0.46% 3,966 $1.2M Add +1.7%
KMB Kimberly-Clark Corp. 0.44% 8,733 $1.1M Add +4.9%
META Meta Platforms Inc. Class A 0.44% 1,522 $1.1M Add +14.3%
GPC Genuine Parts Co. 0.44% 9,118 $1.1M Add +2.0%
DHR Danaher Corp. 0.42% 5,400 $1.1M Add +5.3%
UNH Unitedhealth Group Inc. 0.41% 3,306 $1.0M Add +8.4%
FLO Flowers Foods Inc. 0.39% 62,554 $1000K Add +5.2%
QQQ Invesco QQQ Trust Series 1 0.39% 1,796 $991K Reduce -0.6%
QCOM Qualcomm Inc. 0.38% 6,039 $962K Add +5.1%
HEI.A Heico Corp. Class A 0.37% 3,629 $939K Add +3.8%
GOOG Alphabet Inc. Class C 0.37% 5,283 $937K Add +0.1%
CPK Chesapeake Utilities Corp. 0.36% 7,521 $904K Add +6.1%
ROP Roper Technologies Inc. 0.35% 1,563 $886K Add +5.9%
ZTS Zoetis Inc. 0.35% 5,624 $877K Add +6.9%
NJR New Jersey Resources Corp. 0.34% 19,139 $858K Add +5.3%
CTAS Cintas Corp. 0.33% 3,751 $836K Add +4.1%
TXN Texas Instruments Inc. 0.33% 4,021 $835K Add +3.3%
NSC Norfolk Southern Corp. 0.32% 3,180 $814K Add +6.3%
MGEE Mge Energy Inc. 0.31% 8,869 $784K Add +1.3%
BF.B Brown-Forman Corp. Class B 0.30% 27,997 $753K Add +5.7%
ORCL Oracle Corp. 0.30% 3,437 $751K Add +11.9%
JPM JPMorgan Chase & Co. 0.30% 2,579 $748K Add +0.0%
RSP Invesco S&P 500 Equal Weight 0.29% 4,064 $739K Add +2.7%
SPGI S&P Global Inc. 0.27% 1,289 $679K Add +5.4%
OTIS Otis Worldwide Corp. 0.27% 6,839 $677K Add +3.6%
MZTI The Marzetti Company filed as LANCASTER COLONY CORP 0.26% 3,876 $670K Add +1.6%
IWR iShares Russell Mid-Cap ETF 0.26% 7,274 $669K Reduce -0.6%
BLK BlackRock Inc. 0.26% 637 $668K Add +14.2%
FTV Fortive Corp. 0.26% 12,556 $655K Add +4.8%
CBSH Commerce Bancshares Inc. 0.25% 10,199 $634K Add +2.8%
DPZ Domino's Pizza Inc. 0.24% 1,364 $614K Add +5.5%
JJSF J & J Snack Foods Corp. 0.22% 4,915 $557K Reduce -0.6%
ADI Analog Devices Inc. 0.21% 2,245 $534K Add +6.2%
TMO Thermo Fisher Scientific Inc. 0.20% 1,264 $513K Add +14.6%
CAT Caterpillar Inc. 0.19% 1,259 $489K Add +7.2%
AWK American Water Works Co. Inc. 0.18% 3,342 $465K Add +3.8%
D Dominion Energy Inc. 0.17% 7,835 $443K Add +2.1%
WSO Watsco Inc. 0.16% 919 $406K Add +8.1%
PAYX Paychex Inc. 0.16% 2,718 $395K Add +0.5%
ELV Elevance Health Inc. 0.16% 1,015 $395K Reduce -0.1%
TSCO Tractor Supply Company 0.15% 7,354 $388K Add +12.8%
DG Dollar General Corp. 0.15% 3,276 $375K Add +13.1%
ODFL Old Dominion Freight Line 0.14% 2,250 $365K Add +7.0%
CPRT Copart Inc. 0.14% 7,382 $362K Add +4.3%
CME Cme Group Inc. 0.14% 1,304 $359K Add +6.3%
HON Honeywell International Inc. 0.13% 1,393 $324K Reduce -0.4%
SYY Sysco Corp. 0.12% 3,949 $299K Add +0.2%
MTD Mettler-Toledo International 0.11% 247 $290K Add +8.3%
AZN Astrazeneca PLC-Spons ADR 0.11% 4,000 $280K No change
VRTX Vertex Pharmaceuticals Inc. 0.11% 604 $269K Add +5.0%
GGG Graco Inc. 0.09% 2,723 $234K Add +5.2%
IJR iShares Core S&P Small-Cap E 0.09% 2,103 $230K Reduce -0.9%
CMI Cummins Inc. 0.09% 688 $225K New
STZ Constellation Brands Inc. Class A 0.08% 1,289 $210K Add +0.2%
RAL Ralliant Corp. 0.08% 4,127 $200K Add +3.5%

Portfolio Sells Q1 2025 → Q2 2025

LLY Eli Lilly & Co. Reduce -10.6% 1.83% −0.41
ABBV Abbvie Inc. Reduce -0.3% 1.78% −0.30
ORLY O'reilly Automotive Inc. Reduce -0.9% 1.89% −0.19
SJM The JM Smucker Co. Sold out 0.00% −0.13
SBUX Starbucks Corp. Reduce -0.4% 0.87% −0.09
WTRG Essential Utilities Inc. Sold out 0.00% −0.09
EXPD Expeditors Intl Wash Inc. Reduce -0.4% 0.64% −0.06
V Visa Inc. Class A Reduce -0.7% 2.24% −0.06
JJSF J & J Snack Foods Corp. Reduce -0.6% 0.22% −0.05
ADP Automatic Data Processing Reduce -0.7% 1.55% −0.04
MO Altria Group Inc. Reduce -1.1% 0.48% −0.03
TJX TJX Companies Inc. Reduce -0.6% 1.25% −0.03
ELV Elevance Health Inc. Reduce -0.1% 0.16% −0.02
VOO Vanguard S&P 500 ETF Reduce -7.8% 1.98% −0.02
MA Mastercard Inc. Class A Reduce -0.3% 2.24% −0.02
ABT Abbott Laboratories Reduce -0.3% 1.52% −0.01
IJR iShares Core S&P Small-Cap E Reduce -0.9% 0.09% +0.00
HON Honeywell International Inc. Reduce -0.4% 0.13% +0.01
IWR iShares Russell Mid-Cap ETF Reduce -0.6% 0.26% +0.01
COST Costco Wholesale Corp. Reduce -0.6% 2.16% +0.02
DGX Quest Diagnostics Inc. Reduce -0.2% 0.79% +0.02
COR Cencora Inc. Reduce -2.0% 1.53% +0.04
CSCO Cisco Systems Inc. Reduce -2.6% 0.62% +0.04
QQQ Invesco QQQ Trust Series 1 Reduce -0.6% 0.39% +0.05
FAST Fastenal Co. Reduce -0.6% 1.18% +0.05
PM Philip Morris International Reduce -0.5% 0.53% +0.05
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.4% 0.90% +0.06
WMT Walmart Inc. Reduce -0.2% 1.53% +0.11
CASY Casey's General Stores Inc. Reduce -0.9% 1.81% +0.21
MSFT Microsoft Corp. Reduce -0.1% 3.03% +0.67

Portfolio Buys Q1 2025 → Q2 2025

AVGO Broadcom Inc. Add +1.4% 1.88% +0.72
NVDA Nvidia Corp. Add +5.1% 1.36% +0.44
APH Amphenol Corp. Class A Add +3.4% 0.66% +0.22
AMZN Amazon.com Inc. Add +2.6% 1.54% +0.20
RMD Resmed Inc. Add +1.1% 1.17% +0.14
LHX L3HARRIS Technologies Inc. Add +2.1% 0.85% +0.13
META Meta Platforms Inc. Class A Add +14.3% 0.44% +0.13
GOOGL Alphabet Inc. Class A Add +2.8% 1.08% +0.13
ORCL Oracle Corp. Add +11.9% 0.30% +0.12
INTU Intuit Inc. Add +7.2% 0.47% +0.12
CMI Cummins Inc. New 0.09% +0.09
HEI.A Heico Corp. Class A Add +3.8% 0.37% +0.07
CARR Carrier Global Corp. Add +2.5% 0.46% +0.06
RTX RTX Corp. Add +0.7% 0.80% +0.06
GD General Dynamics Corp. Add +1.5% 1.00% +0.05
BLK BlackRock Inc. Add +14.2% 0.26% +0.05
TXN Texas Instruments Inc. Add +3.3% 0.33% +0.04
DG Dollar General Corp. Add +13.1% 0.15% +0.04
NKE Nike Inc. Class B Add +0.1% 0.50% +0.04
ECL Ecolab Inc. Add +3.1% 0.65% +0.04
JPM JPMorgan Chase & Co. Add +0.0% 0.30% +0.04
ADI Analog Devices Inc. Add +6.2% 0.21% +0.04
CAT Caterpillar Inc. Add +7.2% 0.19% +0.04
GOOG Alphabet Inc. Class C Add +0.1% 0.37% +0.03
AME Ametek Inc. Add +4.8% 0.53% +0.03
ATR Aptargroup Inc. Add +4.2% 0.54% +0.03
NSC Norfolk Southern Corp. Add +6.3% 0.32% +0.03
SYK Stryker Corp. Add +1.2% 0.77% +0.03
CNI Canadian Natl Railway Co. Add +0.9% 0.67% +0.03
CTAS Cintas Corp. Add +4.1% 0.33% +0.03
LMT Lockheed Martin Corp. Add +2.2% 1.05% +0.03
DOV Dover Corp. Add +2.1% 0.75% +0.02
GWW WW Grainger Inc. Add +1.2% 0.66% +0.02
QCOM Qualcomm Inc. Add +5.1% 0.38% +0.02
DCI Donaldson Co. Inc. Add +2.1% 0.67% +0.02
SPGI S&P Global Inc. Add +5.4% 0.27% +0.02
ROL Rollins Inc. Add +0.9% 0.70% +0.01
RSP Invesco S&P 500 Equal Weight Add +2.7% 0.29% +0.01
UL Unilever PLC Add +1.9% 0.71% +0.01
CME Cme Group Inc. Add +6.3% 0.14% +0.01
TSCO Tractor Supply Company Add +12.8% 0.15% +0.01
MTD Mettler-Toledo International Add +8.3% 0.11% +0.01
GGG Graco Inc. Add +5.2% 0.09% +0.00
GPC Genuine Parts Co. Add +2.0% 0.44% +0.00
ODFL Old Dominion Freight Line Add +7.0% 0.14% +0.00
DPZ Domino's Pizza Inc. Add +5.5% 0.24% +0.00
UNP Union Pacific Corp. Add +6.0% 0.51% +0.00
RAL Ralliant Corp. Add +3.5% 0.08% +0.00
D Dominion Energy Inc. Add +2.1% 0.17% −0.00
JKHY Jack Henry & Associates Inc. Add +4.3% 0.53% −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