ICW Investment Advisors LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), ICW Investment Advisors LLC reported 145 stock positions worth $275.0 million. Its top holding was Microsoft (MSFT) at 2.9% of the portfolio, followed by Apple (AAPL, 2.7%) and Broadcom (AVGO, 2.3%). Compared with Q3 2025, it opened 3 new positions, sold out of 1, added to 65 and reduced 74. The biggest buy was Eli Lilly (LLY, shares +1%) and the biggest sale an exit from Kimberly-Clark (KMB).
- Most Recent 13F
- Q2 2026
- Location
- Scottsdale, AZ
- CIK
- 0001794820
- Portfolio Value
- $275.0M (Q4 2025)
- SEC Filing
- 0001172661-26-000547 ↗ filed Feb 9, 2026
Holdings Value
Holdings 145 stocks · $275.0M
| MSFT Microsoft Corp. | 2.89% | 16,449 | $8.0M | Add +1.7% |
| AAPL Apple Inc. | 2.74% | 27,671 | $7.5M | Add +0.6% |
| AVGO Broadcom Inc. | 2.31% | 18,334 | $6.3M | Add +0.3% |
| LLY Eli Lilly & Co. | 2.21% | 5,652 | $6.1M | Add +0.7% |
| MA Mastercard Inc. Class A | 2.16% | 10,390 | $5.9M | No change |
| V Visa Inc. Class A | 2.13% | 16,714 | $5.9M | Add +0.2% |
| VOO Vanguard S&P 500 ETF | 2.08% | 9,141 | $5.7M | Reduce -2.2% |
| NVDA Nvidia Corp. | 2.07% | 30,490 | $5.7M | Add +20.8% |
| ABBV Abbvie Inc. | 2.03% | 24,454 | $5.6M | Reduce -1.8% |
| GOOGL Alphabet Inc. Class A | 1.97% | 17,304 | $5.4M | Add +0.2% |
| CASY Casey's General Stores Inc. | 1.79% | 8,883 | $4.9M | Reduce -1.7% |
| AMZN Amazon.com Inc. | 1.76% | 21,021 | $4.9M | Add +5.6% |
| ORLY O'reilly Automotive Inc. | 1.73% | 52,013 | $4.7M | Reduce -2.4% |
| COST Costco Wholesale Corp. | 1.72% | 5,471 | $4.7M | Reduce -2.1% |
| COR Cencora Inc. | 1.63% | 13,258 | $4.5M | Reduce -0.8% |
| WMT Walmart Inc. | 1.60% | 39,562 | $4.4M | Reduce -1.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.41% | 25,330 | $3.9M | Reduce -0.9% |
| JNJ Johnson & Johnson | 1.34% | 17,791 | $3.7M | Reduce -0.7% |
| ABT Abbott Laboratories | 1.32% | 29,067 | $3.6M | Reduce -0.2% |
| ADP Automatic Data Processing | 1.25% | 13,361 | $3.4M | Add +1.2% |
| HD Home Depot Inc. | 1.24% | 9,875 | $3.4M | Reduce -0.9% |
| NOC Northrop Grumman Corp. | 1.23% | 5,940 | $3.4M | Reduce -1.0% |
| SHW The Sherwin-Williams Co. | 1.22% | 10,338 | $3.3M | Reduce -0.3% |
| ROST Ross Stores Inc. | 1.21% | 18,495 | $3.3M | Reduce -2.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.20% | 4,838 | $3.3M | Add +30.8% |
| PEP Pepsico Inc. | 1.20% | 22,906 | $3.3M | Reduce -0.9% |
| MCD McDonald's Corp. | 1.19% | 10,682 | $3.3M | Add +0.2% |
| LIN Linde PLC | 1.16% | 7,450 | $3.2M | Add +0.9% |
| XOM Exxon Mobil Corp. | 1.11% | 25,286 | $3.0M | Add +0.3% |
| AMGN Amgen Inc. | 1.09% | 9,187 | $3.0M | Reduce -0.8% |
| LMT Lockheed Martin Corp. | 1.07% | 6,107 | $3.0M | Add +0.6% |
| GD General Dynamics Corp. | 1.06% | 8,648 | $2.9M | Reduce -1.6% |
| FAST Fastenal Co. | 1.04% | 71,304 | $2.9M | Reduce -0.4% |
| YUM Yum! Brands Inc. | 1.03% | 18,683 | $2.8M | Add +1.2% |
| RMD Resmed Inc. | 1.01% | 11,541 | $2.8M | Reduce -3.0% |
| RTX RTX Corp. | 0.95% | 14,296 | $2.6M | Add +0.7% |
| LHX L3HARRIS Technologies Inc. | 0.91% | 8,569 | $2.5M | Reduce -0.4% |
| KO The Coca-Cola Co. | 0.90% | 35,373 | $2.5M | Add +0.3% |
| CVX Chevron Corp. | 0.90% | 16,149 | $2.5M | Reduce -0.1% |
| APH Amphenol Corp. Class A | 0.86% | 17,550 | $2.4M | Reduce -0.6% |
| ITW Illinois Tool Works | 0.85% | 9,496 | $2.3M | Add +0.6% |
| PG The Procter & Gamble Co. | 0.84% | 16,054 | $2.3M | Reduce -1.5% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.82% | 44,340 | $2.3M | Reduce -0.5% |
| DCI Donaldson Co. Inc. | 0.80% | 24,702 | $2.2M | Reduce -2.4% |
| DOV Dover Corp. | 0.76% | 10,678 | $2.1M | Reduce -0.3% |
| HSY The Hershey Co. | 0.75% | 11,363 | $2.1M | Reduce -0.8% |
| O Realty Income Corp. | 0.74% | 35,987 | $2.0M | Add +2.1% |
| DGX Quest Diagnostics Inc. | 0.73% | 11,582 | $2.0M | Add +1.1% |
| CHD Church & Dwight Co. Inc. | 0.72% | 23,660 | $2.0M | Reduce -0.8% |
| EXPD Expeditors Intl Wash Inc. | 0.72% | 13,304 | $2.0M | Reduce -4.3% |
| ROL Rollins Inc. | 0.69% | 31,839 | $1.9M | Reduce -0.1% |
| NEE Nextera Energy Inc. | 0.68% | 23,449 | $1.9M | Add +1.5% |
| SBUX Starbucks Corp. | 0.67% | 21,950 | $1.8M | Reduce -5.2% |
| BCPC Balchem Corp. | 0.67% | 11,929 | $1.8M | Reduce -0.3% |
| BDX Becton Dickinson and Co. | 0.66% | 9,316 | $1.8M | Reduce -2.4% |
| SYK Stryker Corp. | 0.65% | 5,096 | $1.8M | Add +0.6% |
| UL Unilever PLC-Sponsored ADR | 0.64% | 26,701 | $1.7M | Reduce -1.4% |
| RSG Republic Services Inc. | 0.63% | 8,157 | $1.7M | Add +1.3% |
| CSCO Cisco Systems Inc. | 0.63% | 22,406 | $1.7M | Add +0.2% |
| GWW WW Grainger Inc. | 0.62% | 1,701 | $1.7M | Add +0.2% |
| CL Colgate-Palmolive Co. | 0.62% | 21,663 | $1.7M | Reduce -0.1% |
| ECL Ecolab Inc. | 0.61% | 6,386 | $1.7M | Add +0.4% |
| SO The Southern Co. | 0.61% | 19,093 | $1.7M | Reduce -0.5% |
| META Meta Platforms Inc. Class A | 0.60% | 2,481 | $1.6M | Add +24.7% |
| GOOG Alphabet Inc. Class C | 0.60% | 5,216 | $1.6M | Reduce -1.6% |
| MKC McCormick & Co.-Non VTG SHRS | 0.59% | 23,868 | $1.6M | Reduce -1.2% |
| MDT Medtronic PLC | 0.59% | 16,869 | $1.6M | Add +2.1% |
| CNI Canadian Natl Railway Co. | 0.59% | 16,319 | $1.6M | Reduce -1.3% |
| AME Ametek Inc. | 0.58% | 7,831 | $1.6M | Add +0.7% |
| ACN Accenture PLC Class A | 0.57% | 5,817 | $1.6M | Reduce -2.2% |
| WEC WEC Energy Group Inc. | 0.56% | 14,608 | $1.5M | Add +1.0% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.52% | 7,881 | $1.4M | Reduce -1.5% |
| FDS Factset Research Systems Inc. | 0.51% | 4,838 | $1.4M | Reduce -7.1% |
| APD Air Products & Chemicals Inc. | 0.51% | 5,653 | $1.4M | Reduce -0.1% |
| UNP Union Pacific Corp. | 0.50% | 5,908 | $1.4M | Add +1.1% |
| DHR Danaher Corp. | 0.49% | 5,893 | $1.3M | Add +0.4% |
| UNH Unitedhealth Group Inc. | 0.47% | 3,925 | $1.3M | Add +0.6% |
| GIS General Mills Inc. | 0.45% | 26,418 | $1.2M | Reduce -2.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.45% | 1,999 | $1.2M | Add +8.8% |
| PM Philip Morris International | 0.44% | 7,514 | $1.2M | Reduce -0.4% |
| MO Altria Group Inc. | 0.44% | 20,904 | $1.2M | Reduce -0.9% |
| HRL Hormel Foods Corp. | 0.43% | 50,318 | $1.2M | Add +2.8% |
| QCOM Qualcomm Inc. | 0.42% | 6,748 | $1.2M | Add +5.0% |
| INTU Intuit Inc. | 0.41% | 1,711 | $1.1M | Add +0.8% |
| TGT Target Corp. | 0.41% | 11,560 | $1.1M | Reduce -4.0% |
| GPC Genuine Parts Co. | 0.41% | 9,185 | $1.1M | Reduce -0.2% |
| ATR Aptargroup Inc. | 0.41% | 9,138 | $1.1M | Reduce -0.8% |
| CLX Clorox Company | 0.40% | 10,958 | $1.1M | Reduce -2.1% |
| PSA Public Storage | 0.40% | 4,255 | $1.1M | Add +2.5% |
| NKE Nike Inc. Class B | 0.39% | 16,674 | $1.1M | Reduce -4.6% |
| CPK Chesapeake Utilities Corp. | 0.37% | 8,067 | $1.0M | Add +0.8% |
| KDP Keurig Dr Pepper Inc. | 0.36% | 35,182 | $985K | Reduce -10.1% |
| HEI.A Heico Corp. Class A | 0.35% | 3,847 | $971K | Add +1.7% |
| NSC Norfolk Southern Corp. | 0.34% | 3,236 | $934K | Reduce -0.5% |
| CARR Carrier Global Corp. | 0.32% | 16,472 | $870K | Reduce -3.2% |
| NJR New Jersey Resources Corp. | 0.32% | 18,794 | $867K | Reduce -2.0% |
| JPM JPMorgan Chase & Co. | 0.31% | 2,677 | $863K | Add +0.0% |
| BLK BlackRock Inc. | 0.31% | 789 | $844K | Add +7.5% |
| TMO Thermo Fisher Scientific Inc. | 0.30% | 1,430 | $829K | Add +0.7% |
| CTAS Cintas Corp. | 0.29% | 4,293 | $807K | Add +4.2% |
Portfolio Sells Q3 2025 → Q4 2025
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.43 |
| ORLY O'reilly Automotive Inc. | Reduce -2.4% | 1.73% | −0.37 |
| FISV Fiserv Inc. | Reduce -13.3% | 0.27% | −0.32 |
| FAST Fastenal Co. | Reduce -0.4% | 1.04% | −0.24 |
| HD Home Depot Inc. | Reduce -0.9% | 1.24% | −0.23 |
| RMD Resmed Inc. | Reduce -3.0% | 1.01% | −0.18 |
| COST Costco Wholesale Corp. | Reduce -2.1% | 1.72% | −0.17 |
| CLX Clorox Company | Reduce -2.1% | 0.40% | −0.10 |
| NOC Northrop Grumman Corp. | Reduce -1.0% | 1.23% | −0.10 |
| ABT Abbott Laboratories | Reduce -0.2% | 1.32% | −0.10 |
| SHW The Sherwin-Williams Co. | Reduce -0.3% | 1.22% | −0.09 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -0.5% | 0.82% | −0.08 |
| PG The Procter & Gamble Co. | Reduce -1.5% | 0.84% | −0.08 |
| CASY Casey's General Stores Inc. | Reduce -1.7% | 1.79% | −0.08 |
| MO Altria Group Inc. | Reduce -0.9% | 0.44% | −0.07 |
| ABBV Abbvie Inc. | Reduce -1.8% | 2.03% | −0.07 |
| NKE Nike Inc. Class B | Reduce -4.6% | 0.39% | −0.06 |
| FLO Flowers Foods Inc. | Reduce -1.4% | 0.26% | −0.06 |
| SO The Southern Co. | Reduce -0.5% | 0.61% | −0.06 |
| ZTS Zoetis Inc. | Reduce -3.3% | 0.27% | −0.06 |
| RSP Invesco S&P 500 Equal Weight | Reduce -18.9% | 0.25% | −0.06 |
| APD Air Products & Chemicals Inc. | Reduce -0.1% | 0.51% | −0.05 |
| GPC Genuine Parts Co. | Reduce -0.2% | 0.41% | −0.05 |
| CARR Carrier Global Corp. | Reduce -3.2% | 0.32% | −0.05 |
| GIS General Mills Inc. | Reduce -2.5% | 0.45% | −0.05 |
| ATR Aptargroup Inc. | Reduce -0.8% | 0.41% | −0.04 |
| LHX L3HARRIS Technologies Inc. | Reduce -0.4% | 0.91% | −0.04 |
| ROP Roper Technologies Inc. | Reduce -2.9% | 0.27% | −0.04 |
| SBUX Starbucks Corp. | Reduce -5.2% | 0.67% | −0.04 |
| CPRT Copart Inc. | Reduce -16.7% | 0.11% | −0.04 |
| CHD Church & Dwight Co. Inc. | Reduce -0.8% | 0.72% | −0.04 |
| MZTI The Marzetti Company | Reduce -10.0% | 0.21% | −0.04 |
| FDS Factset Research Systems Inc. | Reduce -7.1% | 0.51% | −0.03 |
| GD General Dynamics Corp. | Reduce -1.6% | 1.06% | −0.03 |
| WSO Watsco Inc. | Reduce -3.2% | 0.14% | −0.03 |
| HSY The Hershey Co. | Reduce -0.8% | 0.75% | −0.03 |
| JJSF J & J Snack Foods Corp. | Reduce -9.8% | 0.14% | −0.03 |
| UL Unilever PLC-Sponsored ADR | Reduce -1.4% | 0.64% | −0.02 |
| AWK American Water Works Co. Inc. | Reduce -5.6% | 0.17% | −0.02 |
| NJR New Jersey Resources Corp. | Reduce -2.0% | 0.32% | −0.02 |
| MGEE Mge Energy Inc. | Reduce -0.4% | 0.26% | −0.02 |
| CVX Chevron Corp. | Reduce -0.1% | 0.90% | −0.02 |
| PAYX Paychex Inc. | Reduce -4.1% | 0.11% | −0.02 |
| NSC Norfolk Southern Corp. | Reduce -0.5% | 0.34% | −0.02 |
| DPZ Domino's Pizza Inc. | Reduce -2.7% | 0.23% | −0.02 |
| SYY Sysco Corp. | Reduce -1.0% | 0.10% | −0.01 |
| D Dominion Energy Inc. | Reduce -2.6% | 0.16% | −0.01 |
| CL Colgate-Palmolive Co. | Reduce -0.1% | 0.62% | −0.01 |
| PM Philip Morris International | Reduce -0.4% | 0.44% | −0.01 |
| GGG Graco Inc. | Reduce -4.1% | 0.08% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| LLY Eli Lilly & Co. | Add +0.7% | 2.21% | +0.65 |
| GOOGL Alphabet Inc. Class A | Add +0.2% | 1.97% | +0.44 |
| NVDA Nvidia Corp. | Add +20.8% | 2.07% | +0.35 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +30.8% | 1.20% | +0.30 |
| AAPL Apple Inc. | Add +0.6% | 2.74% | +0.18 |
| AMZN Amazon.com Inc. | Add +5.6% | 1.76% | +0.17 |
| AVGO Broadcom Inc. | Add +0.3% | 2.31% | +0.11 |
| PGR Progressive Corp. | New | 0.11% | +0.11 |
| RTX RTX Corp. | Add +0.7% | 0.95% | +0.09 |
| ETN Eaton Corp. PLC | New | 0.08% | +0.08 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.07% | +0.07 |
| XOM Exxon Mobil Corp. | Add +0.3% | 1.11% | +0.07 |
| CSCO Cisco Systems Inc. | Add +0.2% | 0.63% | +0.07 |
| DHR Danaher Corp. | Add +0.4% | 0.49% | +0.07 |
| META Meta Platforms Inc. Class A | Add +24.7% | 0.60% | +0.06 |
| V Visa Inc. Class A | Add +0.2% | 2.13% | +0.06 |
| AME Ametek Inc. | Add +0.7% | 0.58% | +0.05 |
| CAT Caterpillar Inc. | Add +2.9% | 0.27% | +0.05 |
| TMO Thermo Fisher Scientific Inc. | Add +0.7% | 0.30% | +0.05 |
| NEE Nextera Energy Inc. | Add +1.5% | 0.68% | +0.05 |
| KO The Coca-Cola Co. | Add +0.3% | 0.90% | +0.05 |
| QQQ Invesco QQQ Trust Series 1 | Add +8.8% | 0.45% | +0.04 |
| SPGI S&P Global Inc. | Add +8.0% | 0.29% | +0.04 |
| GWW WW Grainger Inc. | Add +0.2% | 0.62% | +0.04 |
| QCOM Qualcomm Inc. | Add +5.0% | 0.42% | +0.03 |
| ADI Analog Devices Inc. | Add +1.9% | 0.26% | +0.03 |
| PH Parker Hannifin Corp. | Add +13.1% | 0.12% | +0.03 |
| CMI Cummins Inc. | Add +2.5% | 0.13% | +0.03 |
| ODFL Old Dominion Freight Line | Add +4.2% | 0.16% | +0.02 |
| VRTX Vertex Pharmaceuticals Inc. | Add +5.1% | 0.11% | +0.02 |
| MDT Medtronic PLC | Add +2.1% | 0.59% | +0.02 |
| IEX Idex Corp. | Add +3.2% | 0.10% | +0.01 |
| MCD McDonald's Corp. | Add +0.2% | 1.19% | +0.01 |
| CME Cme Group Inc. | Add +3.7% | 0.16% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +0.0% | 0.31% | +0.01 |
| TSCO Tractor Supply Company | Add +17.9% | 0.17% | +0.01 |
| YUM Yum! Brands Inc. | Add +1.2% | 1.03% | +0.00 |
| HEI.A Heico Corp. Class A | Add +1.7% | 0.35% | +0.00 |
| BKNG Booking Holdings Inc. | Add +3.5% | 0.11% | +0.00 |
| IJR iShares Core S&P Small-Cap E | Add +0.1% | 0.09% | +0.00 |
| SDY SS SPDR S&P Dividend ETF | Add +0.8% | 0.07% | −0.00 |
| AJG Arthur J Gallagher & Co. | Add +19.2% | 0.07% | −0.00 |
| IWR iShares Russell Mid-Cap ETF | Add +0.0% | 0.25% | −0.00 |
| BLK BlackRock Inc. | Add +7.5% | 0.31% | −0.00 |
| OTIS Otis Worldwide Corp. | Add +2.5% | 0.23% | −0.01 |
| UNP Union Pacific Corp. | Add +1.1% | 0.50% | −0.01 |
| TXN Texas Instruments Inc. | Add +3.4% | 0.28% | −0.01 |
| HON Honeywell International Inc. | Add +0.1% | 0.10% | −0.01 |
| HRL Hormel Foods Corp. | Add +2.8% | 0.43% | −0.01 |
| BF.B Brown-Forman Corp. Class B | Add +1.2% | 0.29% | −0.01 |
Options Activity Q3 2025 → Q4 2025
| LLY Eli Lilly & Co. | put | Sold out | 4,600 | $3.5Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
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 |