ICW Investment Advisors LLC

Name: ICW Investment Advisors LLC 13F holdings, Q4 2025
Creator: ICW Investment Advisors LLC
Published: 2026-02-09

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

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%
SPGI S&P Global Inc.	0.29%	1,543	$806K	Add +8.0%
BF.B Brown-Forman Corp. Class B	0.29%	30,479	$794K	Add +1.2%
ORCL Oracle Corp.	0.28%	3,997	$779K	Add +4.4%
TXN Texas Instruments Inc.	0.28%	4,474	$776K	Add +3.4%
ROP Roper Technologies Inc.	0.27%	1,682	$749K	Reduce -2.9%
ZTS Zoetis Inc.	0.27%	5,919	$745K	Reduce -3.3%
CAT Caterpillar Inc.	0.27%	1,296	$742K	Add +2.9%
FISV Fiserv Inc.	0.27%	10,858	$729K	Reduce -13.3%
MGEE Mge Energy Inc.	0.26%	9,235	$724K	Reduce -0.4%
FLO Flowers Foods Inc.	0.26%	66,160	$720K	Reduce -1.4%
ADI Analog Devices Inc.	0.26%	2,637	$715K	Add +1.9%
IWR iShares Russell Mid-Cap ETF	0.25%	7,275	$700K	Add +0.0%
RSP Invesco S&P 500 Equal Weight	0.25%	3,563	$682K	Reduce -18.9%
FTV Fortive Corp.	0.24%	11,807	$652K	Reduce -2.2%
DPZ Domino's Pizza Inc.	0.23%	1,504	$627K	Reduce -2.7%
OTIS Otis Worldwide Corp.	0.23%	7,101	$620K	Add +2.5%
MZTI The Marzetti Company	0.21%	3,442	$566K	Reduce -10.0%
CBSH Commerce Bancshares Inc.	0.19%	10,193	$533K	Add +0.0%
AWK American Water Works Co. Inc.	0.17%	3,623	$473K	Reduce -5.6%
TSCO Tractor Supply Company	0.17%	9,257	$463K	Add +17.9%
D Dominion Energy Inc.	0.16%	7,642	$448K	Reduce -2.6%
DG Dollar General Corp.	0.16%	3,329	$442K	No change
ODFL Old Dominion Freight Line	0.16%	2,806	$440K	Add +4.2%
CME Cme Group Inc.	0.16%	1,608	$439K	Add +3.7%
JJSF J & J Snack Foods Corp.	0.14%	4,260	$385K	Reduce -9.8%
WSO Watsco Inc.	0.14%	1,106	$373K	Reduce -3.2%
CMI Cummins Inc.	0.13%	723	$369K	Add +2.5%
AZN Astrazeneca PLC-Spons ADR	0.13%	4,000	$368K	No change
ELV Elevance Health Inc.	0.13%	1,014	$355K	Reduce -0.1%
MTD Mettler-Toledo International	0.12%	237	$331K	Reduce -5.6%
PH Parker Hannifin Corp.	0.12%	371	$326K	Add +13.1%
BKNG Booking Holdings Inc.	0.11%	59	$314K	Add +3.5%
VRTX Vertex Pharmaceuticals Inc.	0.11%	664	$301K	Add +5.1%
PAYX Paychex Inc.	0.11%	2,613	$293K	Reduce -4.1%
PGR Progressive Corp.	0.11%	1,287	$293K	New
CPRT Copart Inc.	0.11%	7,446	$292K	Reduce -16.7%
SYY Sysco Corp.	0.10%	3,831	$282K	Reduce -1.0%
IEX Idex Corp.	0.10%	1,474	$262K	Add +3.2%
HON Honeywell International Inc.	0.10%	1,344	$262K	Add +0.1%
IJR iShares Core S&P Small-Cap E	0.09%	2,104	$253K	Add +0.1%
GGG Graco Inc.	0.08%	2,731	$224K	Reduce -4.1%
ETN Eaton Corp. PLC	0.08%	676	$215K	New
SDY SS SPDR S&P Dividend ETF	0.07%	1,475	$205K	Add +0.8%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.07%	790	$204K	Add +19.2%
ASML ASML Holding NV-NY Reg SHS	0.07%	189	$202K	New

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