Mendel Money Management

Name: Mendel Money Management 13F holdings, Q1 2024
Creator: Mendel Money Management
Published: 2024-05-02

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

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 2, 2024), Mendel Money Management reported 129 stock positions worth $216.2 million. Its top holding was Microsoft (MSFT) at 4.8% of the portfolio, followed by Amazon.com (AMZN, 3.5%) and Thermo Fisher Scientific (TMO, 3.0%). Compared with Q4 2023, it opened 5 new positions, sold out of 4, added to 67 and reduced 49. The biggest buy was Air Products & Chemicals (APD, shares +197%) and the biggest sale FedEx (FDX, shares −77%).

Most Recent 13F: Q2 2026
Location: NORTHBROOK, IL
CIK: 0001600585
Portfolio Value: $216.2M (Q1 2024)
SEC Filing: 0001085146-24-002167 ↗ filed May 2, 2024

Holdings Value

Holdings 129 stocks · $216.2M


MSFT Microsoft Corp.	4.76%	24,463	$10.3M	Reduce -8.9%
AMZN Amazon.com Inc.	3.53%	42,269	$7.6M	Reduce -4.6%
TMO Thermo Fisher Scientific Inc.	3.03%	11,264	$6.5M	Reduce -6.3%
V Visa Inc. Class A	2.78%	21,522	$6.0M	Reduce -5.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	2.75%	31,179	$6.0M	Reduce -10.4%
GOOG Alphabet Inc. Class C	2.70%	38,328	$5.8M	Reduce -2.6%
DHR Danaher Corp.	2.63%	22,774	$5.7M	Reduce -4.3%
LOW Lowe's Cos Inc.	2.61%	22,177	$5.6M	Reduce -7.7%
AME Ametek Inc.	2.52%	29,748	$5.4M	Reduce -7.8%
PEP Pepsico Inc.	2.42%	29,841	$5.2M	Reduce -2.8%
NXPI NXP Semiconductors NV	2.36%	20,614	$5.1M	Reduce -6.7%
ANSS Ansys Inc.	2.33%	14,534	$5.0M	Reduce -3.9%
HON Honeywell International Inc.	2.26%	23,824	$4.9M	Reduce -3.8%
PANW Palo Alto Networks Inc.	2.09%	15,881	$4.5M	Reduce -7.7%
ACN Accenture PLC Class A	2.08%	12,998	$4.5M	Reduce -6.2%
DE Deere & Co.	2.06%	10,837	$4.5M	Reduce -3.1%
APD Air Products & Chemicals Inc.	1.86%	16,588	$4.0M	Add +197.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO	1.83%	32,361	$4.0M	Reduce -1.9%
LMT Lockheed Martin Corp.	1.79%	8,511	$3.9M	Reduce -2.5%
DLR Digital Realty Trust Inc.	1.75%	26,230	$3.8M	Add +0.9%
LIN Linde PLC	1.68%	7,838	$3.6M	Reduce -34.3%
GXO Gxo Logistics Inc.	1.61%	64,843	$3.5M	Add +4.0%
CCI Crown Castle Inc.	1.60%	32,685	$3.5M	Add +6.8%
FMAO Farmers & Merchants Banco	1.49%	144,753	$3.2M	Add +39.4%
AAPL Apple Inc.	1.46%	18,401	$3.2M	Add +0.3%
JMBS Janus Henderson Mortg Backed	1.46%	69,883	$3.2M	Add +11.7%
LFUS Littelfuse Inc.	1.40%	12,528	$3.0M	Add +25.1%
MRVL Marvell Technology Inc.	1.27%	38,747	$2.7M	Add +4.5%
GOOGL Alphabet Inc. Class A	1.23%	17,614	$2.7M	Add +6.3%
FMC FMC Corp.	1.19%	40,517	$2.6M	Add +4.9%
USFR Wisdomtree Floating Rate Tre	1.18%	50,533	$2.5M	Add +11.9%
LKQ LKQ Corp.	1.17%	47,554	$2.5M	Add +7.2%
ABBV Abbvie Inc.	1.12%	13,283	$2.4M	Reduce -2.9%
JPM JPMorgan Chase & Co.	0.99%	10,646	$2.1M	Reduce -1.6%
CVX Chevron Corp.	0.95%	12,991	$2.0M	Reduce -0.9%
AVGO Broadcom Inc.	0.93%	1,514	$2.0M	Reduce -12.7%
JNJ Johnson & Johnson	0.86%	11,813	$1.9M	Add +6.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.85%	48,442	$1.8M	Reduce -11.9%
CSV Carriage Services Inc.	0.75%	60,034	$1.6M	Reduce -12.5%
DGRO iShares Core Dividend Growth	0.73%	27,045	$1.6M	Reduce -5.9%
LLY Eli Lilly & Co.	0.73%	2,015	$1.6M	Reduce -6.1%
CVS CVS Health Corp.	0.72%	19,566	$1.6M	Add +2.2%
UNP Union Pacific Corp.	0.69%	6,046	$1.5M	Add +4.5%
UNH Unitedhealth Group Inc.	0.66%	2,874	$1.4M	Add +34.2%
MCD McDonald's Corp.	0.63%	4,805	$1.4M	Reduce -0.2%
AMGN Amgen Inc.	0.62%	4,733	$1.3M	Reduce -1.4%
JAAA Janus Henderson Aaa Clo ETF	0.59%	25,067	$1.3M	Add +57.9%
CAT Caterpillar Inc.	0.56%	3,277	$1.2M	Add +0.3%
ANET Arista Networks Inc.	0.53%	3,985	$1.2M	Reduce -5.5%
MA Mastercard Inc. Class A	0.53%	2,364	$1.1M	Add +0.2%
HD Home Depot Inc.	0.52%	2,927	$1.1M	Add +1.1%
PH Parker Hannifin Corp.	0.51%	1,970	$1.1M	Add +0.7%
MRK Merck & Co. Inc.	0.50%	8,176	$1.1M	Reduce -1.2%
RTX RTX Corp.	0.46%	10,206	$995K	Add +21.1%
XSOE Wisdmtree Emerg MKT Ex-St Ow	0.46%	33,632	$991K	Add +14.1%
FDX FedEx Corp.	0.44%	3,297	$955K	Reduce -76.6%
UPS United Parcel Service Class B	0.43%	6,211	$923K	Add +9.1%
TGT Target Corp.	0.42%	5,184	$919K	Reduce -0.9%
ABT Abbott Laboratories	0.42%	7,899	$898K	Reduce -1.6%
FANG Diamondback Energy Inc.	0.40%	4,383	$869K	Add +5.0%
PKG Packaging Corp. of America	0.39%	4,450	$845K	Add +1.2%
ITW Illinois Tool Works	0.38%	3,065	$822K	Reduce -30.2%
GD General Dynamics Corp.	0.38%	2,898	$819K	Reduce -0.3%
CSCO Cisco Systems Inc.	0.38%	16,288	$813K	Add +8.5%
PNC PNC Financial Services Group	0.37%	4,958	$801K	Add +4.3%
ISRG Intuitive Surgical Inc.	0.37%	2,007	$801K	Add +0.6%
ROK Rockwell Automation Inc.	0.35%	2,633	$767K	Add +2.3%
LHX L3HARRIS Technologies Inc.	0.35%	3,505	$747K	Reduce -9.8%
SBUX Starbucks Corp.	0.34%	8,002	$731K	Add +10.3%
COST Costco Wholesale Corp.	0.34%	997	$730K	Add +0.5%
GILD Gilead Sciences Inc.	0.34%	9,970	$730K	Add +1.8%
SO The Southern Co.	0.34%	10,101	$725K	Add +4.3%
NTNX Nutanix Inc. Class A	0.31%	10,960	$676K	Reduce -2.2%
JQUA JPMorgan US Quality Factor	0.31%	12,621	$667K	Add +14.7%
GPC Genuine Parts Co.	0.31%	4,285	$664K	Add +1.2%
TRV The Travelers Cos Inc.	0.30%	2,865	$659K	Reduce -0.9%
IQDG Wisdomtree Intl QLTY DVD GRW	0.30%	16,963	$646K	Add +6.0%
SRE Sempra	0.28%	8,428	$605K	Add +11.7%
NSC Norfolk Southern Corp.	0.27%	2,315	$590K	Add +2.2%
PLD Prologis Inc.	0.26%	4,395	$572K	Add +3.8%
WM Waste Management Inc.	0.26%	2,670	$569K	Add +0.5%
BMY Bristol-Myers Squibb Co.	0.26%	10,232	$555K	Add +12.3%
AEP American Electric Power	0.25%	6,357	$547K	Add +7.9%
MBBB Vaneck Moody's Analytics BBB	0.25%	25,559	$544K	Add +30.9%
SPY SS SPDR S&P 500 ETF Trust-US	0.25%	1,028	$538K	Add +29.0%
PFE Pfizer Inc.	0.24%	18,432	$511K	Add +45.7%
BDX Becton Dickinson and Co.	0.24%	2,058	$509K	Add +13.3%
ETR Entergy Corp.	0.23%	4,799	$507K	Add +8.6%
ROP Roper Technologies Inc.	0.23%	904	$507K	Add +2.8%
PAYX Paychex Inc.	0.23%	4,121	$506K	Add +3.2%
SYK Stryker Corp.	0.22%	1,350	$483K	Add +5.9%
BRK.B Berkshire Hathaway Inc. Class B	0.22%	1,146	$482K	Reduce -4.1%
SJM The JM Smucker Co. filed as SMUCKER J M CO	0.22%	3,755	$473K	Add +11.7%
TDY Teledyne Technologies Inc.	0.21%	1,059	$455K	Add +14.2%
JPSE JPM Diversified RT Small Cap filed as J P MORGAN EXCHANGE TRADED F	0.21%	10,035	$454K	Add +4.1%
PEG Public Service Enterprise GP	0.21%	6,670	$445K	Add +32.2%
VZ Verizon Communications Inc.	0.20%	10,516	$441K	Reduce -2.8%
VRIG Invesco Variable Rate Invest	0.20%	17,420	$437K	Reduce -7.9%
IVW iShares S&P 500 Growth ETF	0.20%	5,160	$436K	No change
USMV iShares MSCI USA Min Vol Fac	0.20%	5,144	$430K	Add +1.0%
GWW WW Grainger Inc. filed as GRAINGER W W INC	0.19%	410	$417K	No change
JPST JPMorgan Ultra-Short Income	0.19%	8,030	$405K	Add +1.1%
MTUM iShares MSCI USA Momentum Fa	0.19%	2,140	$401K	Reduce -2.7%
INGR Ingredion Inc.	0.18%	3,334	$390K	Add +0.9%
IVE iShares S&P 500 Value ETF	0.18%	2,055	$384K	No change
PYPL PayPal Holdings Inc.	0.17%	5,615	$376K	Add +36.0%
JPIN JPM Diversified Ret Intl Eq filed as J P MORGAN EXCHANGE TRADED F	0.16%	6,182	$348K	Reduce -21.8%
VNQ Vanguard Real Estate ETF	0.16%	4,022	$348K	Reduce -19.7%
NOC Northrop Grumman Corp.	0.16%	715	$342K	Add +11.2%
WTRG Essential Utilities Inc.	0.15%	8,930	$331K	Add +2.1%
GNRC Generac Holdings Inc.	0.15%	2,608	$329K	Add +63.8%
ULTA Ulta Beauty Inc.	0.15%	621	$325K	No change
MDY State Street SPDR S&P Midcap	0.14%	532	$296K	Add +2.3%
CRM Salesforce Inc.	0.13%	940	$283K	Add +22.1%
KTB Kontoor Brands Inc.	0.13%	4,580	$276K	Add +35.4%
TFC Truist Financial Corp.	0.12%	6,829	$266K	No change
REGN Regeneron Pharmaceuticals	0.12%	273	$263K	Add +0.4%
NVDA Nvidia Corp.	0.12%	290	$262K	New
VLTO Veralto Corp.	0.11%	2,756	$244K	Reduce -46.9%
CB Chubb Ltd.	0.11%	942	$244K	Reduce -8.3%
MOAT Vaneck Morningstar Wide Moat	0.11%	2,685	$241K	New
MKC McCormick & Co.-Non VTG SHRS	0.11%	3,040	$234K	No change
FTV Fortive Corp.	0.11%	2,700	$232K	New
QCOM Qualcomm Inc.	0.11%	1,360	$230K	Reduce -15.5%
FTNT Fortinet Inc.	0.10%	3,252	$222K	New
VNLA Janus Henderson Short Durati	0.10%	4,578	$222K	Reduce -70.8%
CLX Clorox Company	0.10%	1,411	$216K	No change
VFC VF Corp.	0.08%	11,525	$177K	New
RELL Richardson Elec Ltd.	0.08%	18,100	$167K	No change

Portfolio Sells Q4 2023 → Q1 2024


FDX FedEx Corp.	Reduce -76.6%	0.44%	−1.27
LIN Linde PLC	Reduce -34.3%	1.68%	−0.67
PANW Palo Alto Networks Inc.	Reduce -7.7%	2.09%	−0.35
ANSS Ansys Inc.	Reduce -3.9%	2.33%	−0.30
VNLA Janus Henderson Short Durati	Reduce -70.8%	0.10%	−0.26
ACN Accenture PLC Class A	Reduce -6.2%	2.08%	−0.25
HON Honeywell International Inc.	Reduce -3.8%	2.26%	−0.23
ORCL Oracle Corp.	Sold out	0.00%	−0.23
TXN Texas Instruments Inc.	Sold out	0.00%	−0.20
KMB Kimberly-Clark Corp.	Sold out	0.00%	−0.20
ITW Illinois Tool Works	Reduce -30.2%	0.38%	−0.17
MBB iShares MBS ETF	Sold out	0.00%	−0.17
LMT Lockheed Martin Corp.	Reduce -2.5%	1.79%	−0.11
VLTO Veralto Corp.	Reduce -46.9%	0.11%	−0.09
DE Deere & Co.	Reduce -3.1%	2.06%	−0.09
MSFT Microsoft Corp.	Reduce -8.9%	4.76%	−0.09
PEP Pepsico Inc.	Reduce -2.8%	2.42%	−0.09
NXPI NXP Semiconductors NV	Reduce -6.7%	2.36%	−0.08
CSV Carriage Services Inc.	Reduce -12.5%	0.75%	−0.07
MCD McDonald's Corp.	Reduce -0.2%	0.63%	−0.06
V Visa Inc. Class A	Reduce -5.0%	2.78%	−0.06
VNQ Vanguard Real Estate ETF	Reduce -19.7%	0.16%	−0.05
LHX L3HARRIS Technologies Inc.	Reduce -9.8%	0.35%	−0.05
JPIN JPM Diversified Ret Intl Eq	Reduce -21.8%	0.16%	−0.05
AMGN Amgen Inc.	Reduce -1.4%	0.62%	−0.04
AME Ametek Inc.	Reduce -7.8%	2.52%	−0.04
BAC Bank of America Corp.	Reduce -11.9%	0.85%	−0.04
TMO Thermo Fisher Scientific Inc.	Reduce -6.3%	3.03%	−0.04
VRIG Invesco Variable Rate Invest	Reduce -7.9%	0.20%	−0.03
DGRO iShares Core Dividend Growth	Reduce -5.9%	0.73%	−0.02
DHR Danaher Corp.	Reduce -4.3%	2.63%	−0.01
ABT Abbott Laboratories	Reduce -1.6%	0.42%	−0.01
QCOM Qualcomm Inc.	Reduce -15.5%	0.11%	−0.01
AVGO Broadcom Inc.	Reduce -12.7%	0.93%	−0.00
CB Chubb Ltd.	Reduce -8.3%	0.11%	+0.00
VZ Verizon Communications Inc.	Reduce -2.8%	0.20%	+0.01
CVX Chevron Corp.	Reduce -0.9%	0.95%	+0.01
GD General Dynamics Corp.	Reduce -0.3%	0.38%	+0.02
BRK.B Berkshire Hathaway Inc. Class B	Reduce -4.1%	0.22%	+0.02
MTUM iShares MSCI USA Momentum Fa	Reduce -2.7%	0.19%	+0.02
IBM Intl Business Machines Corp.	Reduce -10.4%	2.75%	+0.02
GOOG Alphabet Inc. Class C	Reduce -2.6%	2.70%	+0.03
TRV The Travelers Cos Inc.	Reduce -0.9%	0.30%	+0.04
LOW Lowe's Cos Inc.	Reduce -7.7%	2.61%	+0.04
NTNX Nutanix Inc. Class A	Reduce -2.2%	0.31%	+0.06
ANET Arista Networks Inc.	Reduce -5.5%	0.53%	+0.06
MRK Merck & Co. Inc.	Reduce -1.2%	0.50%	+0.07
TGT Target Corp.	Reduce -0.9%	0.42%	+0.07
ABBV Abbvie Inc.	Reduce -2.9%	1.12%	+0.10
JPM JPMorgan Chase & Co.	Reduce -1.6%	0.99%	+0.10

Portfolio Buys Q4 2023 → Q1 2024


APD Air Products & Chemicals Inc.	Add +197.3%	1.86%	+1.13
FMAO Farmers & Merchants Banco	Add +39.4%	1.49%	+0.26
JAAA Janus Henderson Aaa Clo ETF	Add +57.9%	0.59%	+0.20
MRVL Marvell Technology Inc.	Add +4.5%	1.27%	+0.20
LKQ LKQ Corp.	Add +7.2%	1.17%	+0.16
NVDA Nvidia Corp.	New	0.12%	+0.12
RTX RTX Corp.	Add +21.1%	0.46%	+0.12
GOOGL Alphabet Inc. Class A	Add +6.3%	1.23%	+0.12
LFUS Littelfuse Inc.	Add +25.1%	1.40%	+0.12
UNH Unitedhealth Group Inc.	Add +34.2%	0.66%	+0.12
MOAT Vaneck Morningstar Wide Moat	New	0.11%	+0.11
FTV Fortive Corp.	New	0.11%	+0.11
FTNT Fortinet Inc.	New	0.10%	+0.10
CAT Caterpillar Inc.	Add +0.3%	0.56%	+0.09
FANG Diamondback Energy Inc.	Add +5.0%	0.40%	+0.09
USFR Wisdomtree Floating Rate Tre	Add +11.9%	1.18%	+0.09
VFC VF Corp.	New	0.08%	+0.08
JMBS Janus Henderson Mortg Backed	Add +11.7%	1.46%	+0.08
PH Parker Hannifin Corp.	Add +0.7%	0.51%	+0.07
DLR Digital Realty Trust Inc.	Add +0.9%	1.75%	+0.07
SPY SS SPDR S&P 500 ETF Trust-US	Add +29.0%	0.25%	+0.07
PFE Pfizer Inc.	Add +45.7%	0.24%	+0.06
PEG Public Service Enterprise GP	Add +32.2%	0.21%	+0.06
JQUA JPMorgan US Quality Factor	Add +14.7%	0.31%	+0.06
GNRC Generac Holdings Inc.	Add +63.8%	0.15%	+0.05
PYPL PayPal Holdings Inc.	Add +36.0%	0.17%	+0.05
MBBB Vaneck Moody's Analytics BBB	Add +30.9%	0.25%	+0.05
XSOE Wisdmtree Emerg MKT Ex-St Ow	Add +14.1%	0.46%	+0.05
ISRG Intuitive Surgical Inc.	Add +0.6%	0.37%	+0.05
PKG Packaging Corp. of America	Add +1.2%	0.39%	+0.05
MA Mastercard Inc. Class A	Add +0.2%	0.53%	+0.04
SYK Stryker Corp.	Add +5.9%	0.22%	+0.04
HD Home Depot Inc.	Add +1.1%	0.52%	+0.04
WM Waste Management Inc.	Add +0.5%	0.26%	+0.03
CRM Salesforce Inc.	Add +22.1%	0.13%	+0.03
BMY Bristol-Myers Squibb Co.	Add +12.3%	0.26%	+0.03
JNJ Johnson & Johnson	Add +6.9%	0.86%	+0.03
KTB Kontoor Brands Inc.	Add +35.4%	0.13%	+0.03
GPC Genuine Parts Co.	Add +1.2%	0.31%	+0.03
FMC FMC Corp.	Add +4.9%	1.19%	+0.02
AEP American Electric Power	Add +7.9%	0.25%	+0.02
COST Costco Wholesale Corp.	Add +0.5%	0.34%	+0.02
BDX Becton Dickinson and Co.	Add +13.3%	0.24%	+0.02
ETR Entergy Corp.	Add +8.6%	0.23%	+0.02
IQDG Wisdomtree Intl QLTY DVD GRW	Add +6.0%	0.30%	+0.02
PNC PNC Financial Services Group	Add +4.3%	0.37%	+0.02
NSC Norfolk Southern Corp.	Add +2.2%	0.27%	+0.02
SJM The JM Smucker Co.	Add +11.7%	0.22%	+0.01
NOC Northrop Grumman Corp.	Add +11.2%	0.16%	+0.01
CSCO Cisco Systems Inc.	Add +8.5%	0.38%	+0.01

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	127	$273.1M	PANW, MSFT, AMZN, GOOG, GEV
Q1 2026	137	$239.0M	MSFT, AMZN, GOOG, TMO, RTX
Q4 2025	147	$238.9M	MSFT, AMZN, GOOG, TMO, V
Q3 2025	150	$237.8M	MSFT, AMZN, GOOG, V, IBM
Q2 2025	142	$225.8M	MSFT, AMZN, V, IBM, GOOG
Q1 2025	136	$211.1M	MSFT, AMZN, V, IBM, TMO
Q4 2024	137	$224.0M	MSFT, AMZN, GOOG, V, IBM
Q3 2024	134	$231.3M	MSFT, AMZN, TMO, IBM, DHR
Q2 2024	131	$213.6M	MSFT, AMZN, GOOG, TMO, V
Q1 2024	129	$216.2M	MSFT, AMZN, TMO, V, IBM