Mendel Money Management

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 7, 2024), Mendel Money Management reported 134 stock positions worth $231.3 million. Its top holding was Microsoft (MSFT) at 4.2% of the portfolio, followed by Amazon.com (AMZN, 3.4%) and Thermo Fisher Scientific (TMO, 2.9%). Compared with Q2 2024, it opened 6 new positions, sold out of 3, added to 58 and reduced 54. The biggest buy was a new position in Workday Class A (WDAY) and the biggest sale Honeywell International (HON, shares −70%).

Most Recent 13F
Q2 2026
Location
NORTHBROOK, IL
CIK
0001600585
Portfolio Value
$231.3M (Q3 2024)
SEC Filing
0001085146-24-005406 ↗ filed Nov 7, 2024

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $216.2M Q1 2024 Q2 2024: $213.6M Q2 2024 Q3 2024: $231.3M $231.3M Q3 2024 Q4 2024: $224.0M Q4 2024 Q1 2025: $211.1M Q1 2025 Q2 2025: $225.8M Q2 2025 Q3 2025: $237.8M Q3 2025 Q4 2025: $238.9M Q4 2025 Q1 2026: $239.0M Q1 2026 Q2 2026: $273.1M Q2 2026

Holdings 134 stocks · $231.3M
MSFT Microsoft Corp. 4.23% 22,734 $9.8M Reduce -2.3%
AMZN Amazon.com Inc. 3.37% 41,879 $7.8M Reduce -0.1%
TMO Thermo Fisher Scientific Inc. 2.92% 10,910 $6.7M Reduce -1.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.78% 29,105 $6.4M Reduce -4.5%
DHR Danaher Corp. 2.68% 22,268 $6.2M Add +0.6%
GOOG Alphabet Inc. Class C 2.64% 36,530 $6.1M Reduce -1.3%
LOW Lowe's Cos Inc. 2.53% 21,566 $5.8M Reduce -1.9%
V Visa Inc. Class A 2.50% 21,068 $5.8M Reduce -0.7%
PANW Palo Alto Networks Inc. 2.28% 15,413 $5.3M Reduce -2.6%
AME Ametek Inc. 2.22% 29,847 $5.1M Add +1.1%
PEP Pepsico Inc. 2.18% 29,617 $5.0M Add +0.6%
APD Air Products & Chemicals Inc. 2.17% 16,871 $5.0M Add +0.3%
NXPI NXP Semiconductors NV 2.14% 20,668 $5.0M Add +2.8%
ANSS Ansys Inc. 2.03% 14,757 $4.7M Add +2.5%
ACN Accenture PLC Class A 2.01% 13,124 $4.6M Reduce -0.2%
LMT Lockheed Martin Corp. 1.98% 7,849 $4.6M Reduce -1.2%
DE Deere & Co. 1.90% 10,556 $4.4M Reduce -0.4%
LIN Linde PLC 1.86% 9,039 $4.3M Add +14.5%
AAPL Apple Inc. 1.82% 18,031 $4.2M Reduce -1.0%
FMAO Farmers & Merchants Banco 1.78% 149,288 $4.1M Add +0.7%
CCI Crown Castle Inc. 1.78% 34,626 $4.1M Add +0.8%
GXO Gxo Logistics Inc. 1.63% 72,361 $3.8M Add +2.5%
MRVL Marvell Technology Inc. 1.62% 51,905 $3.7M Add +31.1%
LFUS Littelfuse Inc. 1.57% 13,720 $3.6M Add +3.7%
JMBS Janus Henderson Mortg Backed 1.42% 70,455 $3.3M Add +18.2%
GOOGL Alphabet Inc. Class A 1.31% 18,324 $3.0M Add +1.9%
DLR Digital Realty Trust Inc. 1.28% 18,329 $3.0M Reduce -14.6%
WDAY Workday Inc. Class A 1.24% 11,703 $2.9M New
AVGO Broadcom Inc. 1.09% 14,610 $2.5M Reduce -1.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.09% 26,139 $2.5M Reduce -5.5%
FMC FMC Corp. 1.06% 37,274 $2.5M Reduce -6.4%
ABBV Abbvie Inc. 0.98% 11,515 $2.3M Reduce -11.9%
ULS Ul Solutions Inc. Class A 0.96% 45,115 $2.2M Add +81.5%
JAAA Janus Henderson Aaa Clo ETF 0.92% 41,762 $2.1M Add +14.3%
CSV Carriage Services Inc. 0.91% 64,448 $2.1M Add +2.6%
CARY Angel Oak Income ETF 0.81% 88,259 $1.9M Add +53.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.79% 46,262 $1.8M Reduce -0.7%
CVX Chevron Corp. 0.79% 12,442 $1.8M Reduce -1.8%
KEYS Keysight Technologies Inc. 0.79% 11,525 $1.8M New
UNH Unitedhealth Group Inc. 0.78% 3,080 $1.8M Reduce -3.5%
UNP Union Pacific Corp. 0.73% 6,881 $1.7M Add +1.4%
DGRO iShares Core Dividend Growth 0.73% 27,018 $1.7M Add +2.2%
JPM JPMorgan Chase & Co. 0.73% 8,019 $1.7M Reduce -6.7%
LLY Eli Lilly & Co. 0.71% 1,856 $1.6M Reduce -7.6%
AMGN Amgen Inc. 0.63% 4,537 $1.5M Reduce -5.2%
MCD McDonald's Corp. 0.62% 4,708 $1.4M Reduce -7.3%
HON Honeywell International Inc. 0.61% 6,873 $1.4M Reduce -70.1%
LKQ LKQ Corp. 0.60% 34,811 $1.4M Reduce -34.9%
OBIL F/M US Treasury 12 Month Bil 0.60% 27,521 $1.4M New
ANET Arista Networks Inc. 0.59% 3,567 $1.4M Reduce -6.8%
MOAT Vaneck Morningstar Wide Moat 0.59% 14,092 $1.4M Add +366.0%
HD Home Depot Inc. 0.54% 3,101 $1.3M Reduce -0.0%
CGNG Cap Group New Geography Eq filed as CAPITAL GROUP NEW GEOGRAPHY 0.53% 45,968 $1.2M New
RTX RTX Corp. 0.53% 10,043 $1.2M Reduce -1.0%
PH Parker Hannifin Corp. 0.52% 1,912 $1.2M Reduce -1.2%
CAT Caterpillar Inc. 0.50% 2,962 $1.2M Reduce -11.9%
MA Mastercard Inc. Class A 0.49% 2,302 $1.1M Add +0.1%
JNJ Johnson & Johnson 0.47% 6,710 $1.1M Reduce -20.8%
COST Costco Wholesale Corp. 0.47% 1,215 $1.1M Add +10.2%
CVS CVS Health Corp. 0.46% 16,847 $1.1M Reduce -7.7%
USFR Wisdomtree Floating Rate Tre 0.46% 21,031 $1.1M Reduce -54.5%
ISRG Intuitive Surgical Inc. 0.45% 2,100 $1.0M Add +3.9%
PKG Packaging Corp. of America 0.42% 4,475 $964K No change
JQUA JPMorgan US Quality Factor 0.41% 16,702 $945K Add +25.9%
PNC PNC Financial Services Group 0.40% 5,059 $935K Add +0.1%
MRK Merck & Co. Inc. 0.40% 8,098 $920K Reduce -0.1%
SO The Southern Co. 0.40% 10,191 $919K No change
CSCO Cisco Systems Inc. 0.38% 16,483 $877K Reduce -2.6%
GD General Dynamics Corp. 0.37% 2,869 $867K Reduce -0.2%
GILD Gilead Sciences Inc. 0.37% 10,245 $859K Add +0.5%
TGT Target Corp. 0.35% 5,237 $816K Add +0.0%
UPS United Parcel Service Class B 0.35% 5,961 $813K Add +1.1%
ITW Illinois Tool Works 0.35% 3,065 $803K No change
LHX L3HARRIS Technologies Inc. 0.34% 3,346 $796K Reduce -0.3%
FANG Diamondback Energy Inc. 0.33% 4,412 $761K Add +0.2%
IQDG Wisdomtree Intl QLTY DVD GRW 0.32% 19,157 $750K Add +10.9%
ROK Rockwell Automation Inc. 0.31% 2,676 $718K Add +0.6%
SRE Sempra 0.30% 8,354 $699K Add +0.3%
SBUX Starbucks Corp. 0.30% 7,074 $690K Reduce -2.0%
YELP Yelp Inc. 0.30% 19,513 $685K Add +4.9%
AEP American Electric Power 0.29% 6,440 $661K Add +0.9%
TRV The Travelers Cos Inc. 0.28% 2,815 $659K Reduce -1.8%
NTNX Nutanix Inc. Class A 0.28% 10,760 $638K No change
ETR Entergy Corp. 0.27% 4,832 $636K Add +0.0%
ABT Abbott Laboratories 0.27% 5,538 $631K Reduce -26.6%
PEG Public Service Enterprise GP 0.26% 6,800 $607K No change
GPC Genuine Parts Co. 0.26% 4,320 $603K Add +0.7%
BMY Bristol-Myers Squibb Co. 0.26% 11,496 $595K Add +5.3%
NSC Norfolk Southern Corp. 0.25% 2,362 $587K Reduce -0.6%
WM Waste Management Inc. 0.25% 2,820 $585K Add +1.1%
PLD Prologis Inc. 0.25% 4,530 $572K Add +4.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.24% 983 $564K Reduce -2.1%
BDX Becton Dickinson and Co. 0.23% 2,246 $542K Add +3.2%
PAYX Paychex Inc. 0.23% 4,021 $540K Reduce -2.4%
TDY Teledyne Technologies Inc. 0.23% 1,232 $539K Add +11.6%
PFE Pfizer Inc. 0.23% 18,487 $535K Add +3.5%
ROP Roper Technologies Inc. 0.23% 961 $535K Add +0.5%
BRK.B Berkshire Hathaway Inc. Class B 0.23% 1,146 $527K No change
USMV iShares MSCI USA Min Vol Fac 0.23% 5,714 $522K Add +7.1%
VNQ Vanguard Real Estate ETF 0.21% 5,082 $495K Add +34.5%
MBBB Vaneck Moody's Analytics BBB 0.21% 22,363 $494K Reduce -1.9%
SYK Stryker Corp. 0.21% 1,330 $480K Add +0.4%
IVW iShares S&P 500 Growth ETF 0.21% 5,010 $480K No change
GNRC Generac Holdings Inc. 0.20% 2,930 $466K Add +9.5%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.20% 3,816 $462K Add +0.7%
ADBE Adobe Inc. 0.19% 861 $446K Add +4.1%
PYPL PayPal Holdings Inc. 0.18% 5,470 $427K Reduce -0.9%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.18% 405 $421K Reduce -1.2%
NVDA Nvidia Corp. 0.18% 3,370 $409K No change
IVE iShares S&P 500 Value ETF 0.18% 2,055 $405K No change
JPST JPMorgan Ultra-Short Income 0.17% 7,860 $399K Reduce -2.1%
KTB Kontoor Brands Inc. 0.17% 4,799 $392K Add +2.1%
JPSE JPM Diversified RT Small Cap filed as J P MORGAN EXCHANGE TRADED F 0.17% 8,013 $385K Reduce -21.8%
AON Aon PLC Class A 0.17% 1,109 $384K New
INGR Ingredion Inc. 0.17% 2,789 $383K No change
NOC Northrop Grumman Corp. 0.16% 717 $379K No change
MTUM iShares MSCI USA Momentum Fa 0.16% 1,812 $367K Reduce -15.6%
FTNT Fortinet Inc. 0.16% 4,655 $361K Add +6.9%
WTRG Essential Utilities Inc. 0.15% 9,040 $349K Add +0.1%
JPIN JPM Diversified Ret Intl Eq filed as J P MORGAN EXCHANGE TRADED F 0.15% 5,709 $343K Reduce -0.0%
VRIG Invesco Variable Rate Invest 0.14% 12,620 $317K No change
VZ Verizon Communications Inc. 0.13% 6,916 $311K Reduce -23.8%
MDY State Street SPDR S&P Midcap 0.13% 523 $298K No change
VFC VF Corp. 0.13% 14,840 $296K Add +9.5%
CRM Salesforce Inc. 0.13% 1,073 $294K Add +2.6%
ULTA Ulta Beauty Inc. 0.12% 711 $277K No change
FDX FedEx Corp. 0.11% 965 $264K Add +0.5%
CB Chubb Ltd. 0.11% 887 $256K Reduce -0.6%
GIS General Mills Inc. 0.11% 3,460 $256K Add +6.5%
VLTO Veralto Corp. 0.11% 2,255 $252K Add +6.4%
TFC Truist Financial Corp. 0.11% 5,824 $249K Reduce -1.1%
CLX Clorox Company 0.10% 1,436 $234K New
RELL Richardson Elec Ltd. 0.10% 18,500 $228K No change
FTV Fortive Corp. 0.09% 2,700 $213K No change

Portfolio Sells Q2 2024 → Q3 2024
HON Honeywell International Inc. Reduce -70.1% 0.61% −1.69
MSFT Microsoft Corp. Reduce -2.3% 4.23% −0.64
USFR Wisdomtree Floating Rate Tre Reduce -54.5% 0.46% −0.63
GOOG Alphabet Inc. Class C Reduce -1.3% 2.64% −0.54
XSOE Wisdmtree Emerg MKT Ex-St Ow Sold out 0.00% −0.50
LKQ LKQ Corp. Reduce -34.9% 0.60% −0.44
AMZN Amazon.com Inc. Reduce -0.1% 3.37% −0.42
DLR Digital Realty Trust Inc. Reduce -14.6% 1.28% −0.25
PANW Palo Alto Networks Inc. Reduce -2.6% 2.28% −0.23
DIS The Walt Disney Co. Reduce -5.5% 1.09% −0.20
LLY Eli Lilly & Co. Reduce -7.6% 0.71% −0.14
CVX Chevron Corp. Reduce -1.8% 0.79% −0.14
JNJ Johnson & Johnson Reduce -20.8% 0.47% −0.11
V Visa Inc. Class A Reduce -0.7% 2.50% −0.10
QCOM Qualcomm Inc. Sold out 0.00% −0.10
NVO Novo-Nordisk A/S-Spons ADR Sold out 0.00% −0.10
ABT Abbott Laboratories Reduce -26.6% 0.27% −0.09
JPM JPMorgan Chase & Co. Reduce -6.7% 0.73% −0.08
BAC Bank of America Corp. Reduce -0.7% 0.79% −0.07
MRK Merck & Co. Inc. Reduce -0.1% 0.40% −0.07
AMGN Amgen Inc. Reduce -5.2% 0.63% −0.07
ABBV Abbvie Inc. Reduce -11.9% 0.98% −0.07
CVS CVS Health Corp. Reduce -7.7% 0.46% −0.05
JPSE JPM Diversified RT Small Cap Reduce -21.8% 0.17% −0.04
VZ Verizon Communications Inc. Reduce -23.8% 0.13% −0.04
MTUM iShares MSCI USA Momentum Fa Reduce -15.6% 0.16% −0.04
ANET Arista Networks Inc. Reduce -6.8% 0.59% −0.04
AVGO Broadcom Inc. Reduce -1.7% 1.09% −0.03
CAT Caterpillar Inc. Reduce -11.9% 0.50% −0.02
JPST JPMorgan Ultra-Short Income Reduce -2.1% 0.17% −0.02
GD General Dynamics Corp. Reduce -0.2% 0.37% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -2.1% 0.24% −0.01
MBBB Vaneck Moody's Analytics BBB Reduce -1.9% 0.21% −0.01
FMC FMC Corp. Reduce -6.4% 1.06% −0.01
LHX L3HARRIS Technologies Inc. Reduce -0.3% 0.34% −0.01
JPIN JPM Diversified Ret Intl Eq Reduce -0.0% 0.15% +0.00
TFC Truist Financial Corp. Reduce -1.1% 0.11% +0.00
CSCO Cisco Systems Inc. Reduce -2.6% 0.38% +0.00
CB Chubb Ltd. Reduce -0.6% 0.11% +0.00
PAYX Paychex Inc. Reduce -2.4% 0.23% +0.00
GWW WW Grainger Inc. Reduce -1.2% 0.18% +0.01
TRV The Travelers Cos Inc. Reduce -1.8% 0.28% +0.01
MCD McDonald's Corp. Reduce -7.3% 0.62% +0.01
NSC Norfolk Southern Corp. Reduce -0.6% 0.25% +0.01
UNH Unitedhealth Group Inc. Reduce -3.5% 0.78% +0.02
AAPL Apple Inc. Reduce -1.0% 1.82% +0.02
PYPL PayPal Holdings Inc. Reduce -0.9% 0.18% +0.03
SBUX Starbucks Corp. Reduce -2.0% 0.30% +0.04
HD Home Depot Inc. Reduce -0.0% 0.54% +0.04
RTX RTX Corp. Reduce -1.0% 0.53% +0.05

Portfolio Buys Q2 2024 → Q3 2024
WDAY Workday Inc. Class A New 1.24% +1.24
KEYS Keysight Technologies Inc. New 0.79% +0.79
OBIL F/M US Treasury 12 Month Bil New 0.60% +0.60
CGNG Cap Group New Geography Eq New 0.53% +0.53
ULS Ul Solutions Inc. Class A Add +81.5% 0.96% +0.47
MOAT Vaneck Morningstar Wide Moat Add +366.0% 0.59% +0.47
MRVL Marvell Technology Inc. Add +31.1% 1.62% +0.32
CARY Angel Oak Income ETF Add +53.1% 0.81% +0.25
LIN Linde PLC Add +14.5% 1.86% +0.24
CCI Crown Castle Inc. Add +0.8% 1.78% +0.20
JMBS Janus Henderson Mortg Backed Add +18.2% 1.42% +0.17
FMAO Farmers & Merchants Banco Add +0.7% 1.78% +0.17
AON Aon PLC Class A New 0.17% +0.17
APD Air Products & Chemicals Inc. Add +0.3% 2.17% +0.14
CSV Carriage Services Inc. Add +2.6% 0.91% +0.13
CLX Clorox Company New 0.10% +0.10
DHR Danaher Corp. Add +0.6% 2.68% +0.09
JQUA JPMorgan US Quality Factor Add +25.9% 0.41% +0.08
VNQ Vanguard Real Estate ETF Add +34.5% 0.21% +0.07
JAAA Janus Henderson Aaa Clo ETF Add +14.3% 0.92% +0.05
BMY Bristol-Myers Squibb Co. Add +5.3% 0.26% +0.04
GILD Gilead Sciences Inc. Add +0.5% 0.37% +0.04
VFC VF Corp. Add +9.5% 0.13% +0.04
PNC PNC Financial Services Group Add +0.1% 0.40% +0.04
GNRC Generac Holdings Inc. Add +9.5% 0.20% +0.04
FTNT Fortinet Inc. Add +6.9% 0.16% +0.03
ETR Entergy Corp. Add +0.0% 0.27% +0.03
TDY Teledyne Technologies Inc. Add +11.6% 0.23% +0.03
COST Costco Wholesale Corp. Add +10.2% 0.47% +0.03
ISRG Intuitive Surgical Inc. Add +3.9% 0.45% +0.02
IQDG Wisdomtree Intl QLTY DVD GRW Add +10.9% 0.32% +0.02
KTB Kontoor Brands Inc. Add +2.1% 0.17% +0.02
AEP American Electric Power Add +0.9% 0.29% +0.02
DGRO iShares Core Dividend Growth Add +2.2% 0.73% +0.02
PLD Prologis Inc. Add +4.5% 0.25% +0.02
MA Mastercard Inc. Class A Add +0.1% 0.49% +0.02
USMV iShares MSCI USA Min Vol Fac Add +7.1% 0.23% +0.02
UNP Union Pacific Corp. Add +1.4% 0.73% +0.01
VLTO Veralto Corp. Add +6.4% 0.11% +0.01
GIS General Mills Inc. Add +6.5% 0.11% +0.01
SJM The JM Smucker Co. Add +0.7% 0.20% +0.01
SRE Sempra Add +0.3% 0.30% +0.01
CRM Salesforce Inc. Add +2.6% 0.13% +0.00
PFE Pfizer Inc. Add +3.5% 0.23% −0.00
SYK Stryker Corp. Add +0.4% 0.21% −0.00
BDX Becton Dickinson and Co. Add +3.2% 0.23% −0.00
WTRG Essential Utilities Inc. Add +0.1% 0.15% −0.01
TGT Target Corp. Add +0.0% 0.35% −0.01
LFUS Littelfuse Inc. Add +3.7% 1.57% −0.01
GPC Genuine Parts Co. Add +0.7% 0.26% −0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 127$273.1MPANW, MSFT, AMZN, GOOG, GEV
Q1 2026 137$239.0MMSFT, AMZN, GOOG, TMO, RTX
Q4 2025 147$238.9MMSFT, AMZN, GOOG, TMO, V
Q3 2025 150$237.8MMSFT, AMZN, GOOG, V, IBM
Q2 2025 142$225.8MMSFT, AMZN, V, IBM, GOOG
Q1 2025 136$211.1MMSFT, AMZN, V, IBM, TMO
Q4 2024 137$224.0MMSFT, AMZN, GOOG, V, IBM
Q3 2024 134$231.3MMSFT, AMZN, TMO, IBM, DHR
Q2 2024 131$213.6MMSFT, AMZN, GOOG, TMO, V
Q1 2024 129$216.2MMSFT, AMZN, TMO, V, IBM