Mendel Money Management

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Mendel Money Management reported 137 stock positions worth $224.0 million. Its top holding was Microsoft (MSFT) at 4.2% of the portfolio, followed by Amazon.com (AMZN, 4.0%) and Alphabet Class C (GOOG, 3.0%). Compared with Q3 2024, it opened 6 new positions, sold out of 3, added to 40 and reduced 74. The biggest buy was Keysight Technologies (KEYS, shares +38%) and the biggest sale an exit from LKQ (LKQ).

Most Recent 13F
Q2 2026
Location
NORTHBROOK, IL
CIK
0001600585
Portfolio Value
$224.0M (Q4 2024)
SEC Filing
0001085146-25-001016 ↗ filed Feb 12, 2025

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 Q3 2024 Q4 2024: $224.0M $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 137 stocks · $224.0M
MSFT Microsoft Corp. 4.17% 22,167 $9.3M Reduce -2.5%
AMZN Amazon.com Inc. 3.97% 40,561 $8.9M Reduce -3.1%
GOOG Alphabet Inc. Class C 2.96% 34,805 $6.6M Reduce -4.7%
V Visa Inc. Class A 2.84% 20,101 $6.4M Reduce -4.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.66% 27,112 $6.0M Reduce -6.8%
TMO Thermo Fisher Scientific Inc. 2.50% 10,782 $5.6M Reduce -1.2%
MRVL Marvell Technology Inc. 2.36% 47,950 $5.3M Reduce -7.6%
PANW Palo Alto Networks Inc. 2.33% 28,631 $5.2M Reduce -7.1%
DHR Danaher Corp. 2.30% 22,447 $5.2M Add +0.8%
AME Ametek Inc. 2.28% 28,297 $5.1M Reduce -5.2%
LOW Lowe's Cos Inc. 2.26% 20,551 $5.1M Reduce -4.7%
ANSS Ansys Inc. 2.17% 14,396 $4.9M Reduce -2.5%
APD Air Products & Chemicals Inc. 2.13% 16,479 $4.8M Reduce -2.3%
ACN Accenture PLC Class A 1.97% 12,572 $4.4M Reduce -4.2%
AAPL Apple Inc. 1.97% 17,577 $4.4M Reduce -2.5%
DE Deere & Co. 1.94% 10,238 $4.3M Reduce -3.0%
PEP Pepsico Inc. 1.90% 28,003 $4.3M Reduce -5.5%
NXPI NXP Semiconductors NV 1.90% 20,463 $4.3M Reduce -1.0%
FMAO Farmers & Merchants Banco 1.86% 141,378 $4.2M Reduce -5.3%
LMT Lockheed Martin Corp. 1.71% 7,893 $3.8M Add +0.6%
LIN Linde PLC 1.64% 8,791 $3.7M Reduce -2.7%
GOOGL Alphabet Inc. Class A 1.54% 18,254 $3.5M Reduce -0.4%
WDAY Workday Inc. Class A 1.48% 12,838 $3.3M Add +9.7%
AVGO Broadcom Inc. 1.44% 13,905 $3.2M Reduce -4.8%
LFUS Littelfuse Inc. 1.36% 12,974 $3.1M Reduce -5.4%
DLR Digital Realty Trust Inc. 1.34% 16,977 $3.0M Reduce -7.4%
JMBS Janus Henderson Mortg Backed 1.28% 64,764 $2.9M Reduce -8.1%
GXO Gxo Logistics Inc. 1.25% 64,610 $2.8M Reduce -10.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.24% 24,889 $2.8M Reduce -4.8%
CCI Crown Castle Inc. 1.20% 29,659 $2.7M Reduce -14.3%
KEYS Keysight Technologies Inc. 1.14% 15,934 $2.6M Add +38.3%
CSV Carriage Services Inc. 1.07% 60,361 $2.4M Reduce -6.3%
ULS Ul Solutions Inc. Class A 1.07% 48,162 $2.4M Add +6.8%
CARY Angel Oak Income ETF 1.05% 114,474 $2.4M Add +29.7%
ABBV Abbvie Inc. 0.97% 12,275 $2.2M Add +6.6%
JAAA Janus Henderson Aaa Clo ETF 0.93% 41,131 $2.1M Reduce -1.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.87% 44,332 $1.9M Reduce -4.2%
JPM JPMorgan Chase & Co. 0.84% 7,879 $1.9M Reduce -1.8%
CVX Chevron Corp. 0.79% 12,217 $1.8M Reduce -1.8%
DGRO iShares Core Dividend Growth 0.74% 27,015 $1.7M Reduce -0.0%
UNH Unitedhealth Group Inc. 0.73% 3,211 $1.6M Add +4.3%
ANET Arista Networks Inc. 0.70% 14,196 $1.6M Reduce -0.5%
FMC FMC Corp. 0.66% 30,248 $1.5M Reduce -18.9%
OBIL F/M US Treasury 12 Month Bil 0.65% 29,025 $1.5M Add +5.5%
LLY Eli Lilly & Co. 0.64% 1,854 $1.4M Reduce -0.1%
MCD McDonald's Corp. 0.61% 4,685 $1.4M Reduce -0.5%
UNP Union Pacific Corp. 0.60% 5,847 $1.3M Reduce -15.0%
MA Mastercard Inc. Class A 0.54% 2,309 $1.2M Add +0.3%
CAT Caterpillar Inc. 0.54% 3,337 $1.2M Add +12.7%
PH Parker Hannifin Corp. 0.54% 1,897 $1.2M Reduce -0.8%
MOAT Vaneck Morningstar Wide Moat 0.53% 12,857 $1.2M Reduce -8.8%
HD Home Depot Inc. 0.53% 3,049 $1.2M Reduce -1.7%
AMGN Amgen Inc. 0.53% 4,517 $1.2M Reduce -0.4%
HON Honeywell International Inc. 0.51% 5,026 $1.1M Reduce -26.9%
RTX RTX Corp. 0.50% 9,769 $1.1M Reduce -2.7%
COST Costco Wholesale Corp. 0.49% 1,210 $1.1M Reduce -0.4%
ISRG Intuitive Surgical Inc. 0.49% 2,100 $1.1M No change
JQUA JPMorgan US Quality Factor 0.47% 18,502 $1.1M Add +10.8%
CGNG Cap Group New Geography Eq filed as CAPITAL GROUP NEW GEOGRAPHY 0.47% 42,711 $1.1M Reduce -7.1%
PKG Packaging Corp. of America 0.45% 4,470 $1.0M Reduce -0.1%
PNC PNC Financial Services Group 0.44% 5,059 $976K No change
CSCO Cisco Systems Inc. 0.43% 16,383 $970K Reduce -0.6%
GILD Gilead Sciences Inc. 0.42% 10,220 $944K Reduce -0.2%
JNJ Johnson & Johnson 0.41% 6,365 $921K Reduce -5.1%
YELP Yelp Inc. 0.38% 21,998 $851K Add +12.7%
SO The Southern Co. 0.37% 10,156 $836K Reduce -0.3%
MRK Merck & Co. Inc. 0.36% 8,083 $804K Reduce -0.2%
ROK Rockwell Automation Inc. 0.35% 2,721 $778K Add +1.7%
ITW Illinois Tool Works 0.35% 3,065 $777K No change
GD General Dynamics Corp. 0.34% 2,906 $766K Add +1.3%
UPS United Parcel Service Class B 0.34% 5,950 $750K Reduce -0.2%
SRE Sempra 0.33% 8,409 $738K Add +0.7%
ETR Entergy Corp. 0.33% 9,644 $731K Reduce -0.2%
FANG Diamondback Energy Inc. 0.33% 4,457 $730K Add +1.0%
TGT Target Corp. 0.32% 5,282 $714K Add +0.9%
LHX L3HARRIS Technologies Inc. 0.31% 3,346 $704K No change
TRV The Travelers Cos Inc. 0.30% 2,762 $665K Reduce -1.9%
BMY Bristol-Myers Squibb Co. 0.29% 11,593 $656K Add +0.8%
IQDG Wisdomtree Intl QLTY DVD GRW 0.28% 18,607 $637K Reduce -2.9%
SBUX Starbucks Corp. 0.28% 6,949 $634K Reduce -1.8%
ABT Abbott Laboratories 0.28% 5,488 $621K Reduce -0.9%
SPY SS SPDR S&P 500 ETF Trust-US 0.27% 1,039 $609K Add +5.7%
AEP American Electric Power 0.27% 6,500 $599K Add +0.9%
TDY Teledyne Technologies Inc. 0.26% 1,233 $572K Add +0.1%
PEG Public Service Enterprise GP 0.25% 6,725 $568K Reduce -1.1%
WM Waste Management Inc. 0.25% 2,806 $566K Reduce -0.5%
PAYX Paychex Inc. 0.25% 4,011 $562K Reduce -0.3%
NSC Norfolk Southern Corp. 0.25% 2,362 $554K No change
CVS CVS Health Corp. 0.24% 12,062 $541K Reduce -28.4%
IVW iShares S&P 500 Growth ETF 0.24% 5,306 $539K Add +5.9%
BRK.B Berkshire Hathaway Inc. Class B 0.24% 1,171 $531K Add +2.2%
CERT Certara Inc. 0.23% 48,700 $519K New
BDX Becton Dickinson and Co. 0.23% 2,246 $510K No change
ROP Roper Technologies Inc. 0.22% 962 $500K Add +0.1%
GPC Genuine Parts Co. 0.22% 4,245 $496K Reduce -1.7%
PFE Pfizer Inc. 0.22% 18,657 $495K Add +0.9%
USMV iShares MSCI USA Min Vol Fac 0.22% 5,554 $493K Reduce -2.8%
PLD Prologis Inc. 0.22% 4,644 $491K Add +2.5%
SYK Stryker Corp. 0.22% 1,339 $482K Add +0.7%
NTNX Nutanix Inc. Class A 0.21% 7,710 $472K Reduce -28.4%
PYPL PayPal Holdings Inc. 0.21% 5,470 $467K No change
GNRC Generac Holdings Inc. 0.20% 2,945 $457K Add +0.5%
NVDA Nvidia Corp. 0.20% 3,395 $456K Add +0.7%
MBBB Vaneck Moody's Analytics BBB 0.20% 20,908 $443K Reduce -6.5%
FTNT Fortinet Inc. 0.20% 4,655 $440K No change
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.19% 3,933 $433K Add +3.1%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.19% 405 $427K No change
VNQ Vanguard Real Estate ETF 0.19% 4,764 $424K Reduce -6.3%
KTB Kontoor Brands Inc. 0.19% 4,934 $421K Add +2.8%
ADBE Adobe Inc. 0.18% 928 $413K Add +7.8%
CP Canadian Pacific Kansas City 0.18% 5,685 $411K New
JPSE JPM Diversified RT Small Cap filed as J P MORGAN EXCHANGE TRADED F 0.18% 8,738 $409K Add +9.1%
IVE iShares S&P 500 Value ETF 0.18% 2,137 $408K Add +4.0%
ILMN Illumina Inc. 0.18% 3,005 $402K New
AON Aon PLC Class A 0.18% 1,109 $398K No change
JPST JPMorgan Ultra-Short Income 0.18% 7,860 $396K No change
INGR Ingredion Inc. 0.17% 2,789 $384K No change
MTUM iShares MSCI USA Momentum Fa 0.16% 1,735 $359K Reduce -4.3%
CRM Salesforce Inc. 0.16% 1,073 $359K No change
VFC VF Corp. 0.15% 15,765 $338K Add +6.2%
NOC Northrop Grumman Corp. 0.15% 717 $336K No change
WTRG Essential Utilities Inc. 0.15% 9,080 $330K Add +0.4%
VRIG Invesco Variable Rate Invest 0.14% 12,620 $317K No change
ULTA Ulta Beauty Inc. 0.14% 718 $312K Add +1.0%
JPIN JPM Diversified Ret Intl Eq filed as J P MORGAN EXCHANGE TRADED F 0.13% 5,522 $296K Reduce -3.3%
MDY State Street SPDR S&P Midcap 0.13% 499 $284K Reduce -4.6%
FDX FedEx Corp. 0.12% 965 $271K No change
CB Chubb Ltd. 0.11% 887 $245K No change
VLTO Veralto Corp. 0.10% 2,275 $232K Add +0.9%
TFC Truist Financial Corp. 0.10% 5,224 $227K Reduce -10.3%
USFR Wisdomtree Floating Rate Tre 0.10% 4,420 $222K Reduce -79.0%
CLX Clorox Company 0.10% 1,346 $219K Reduce -6.3%
AXP American Express Co. 0.10% 731 $217K New
WMT Walmart Inc. 0.10% 2,397 $217K New
VNLA Janus Henderson Short Durati 0.09% 4,339 $212K New
FTV Fortive Corp. 0.09% 2,775 $208K Add +2.8%
RELL Richardson Elec Ltd. 0.09% 14,700 $206K Reduce -20.5%

Portfolio Sells Q3 2024 → Q4 2024
LKQ LKQ Corp. Sold out 0.00% −0.60
CCI Crown Castle Inc. Reduce -14.3% 1.20% −0.57
TMO Thermo Fisher Scientific Inc. Reduce -1.2% 2.50% −0.41
FMC FMC Corp. Reduce -18.9% 0.66% −0.41
GXO Gxo Logistics Inc. Reduce -10.7% 1.25% −0.37
USFR Wisdomtree Floating Rate Tre Reduce -79.0% 0.10% −0.36
PEP Pepsico Inc. Reduce -5.5% 1.90% −0.28
LOW Lowe's Cos Inc. Reduce -4.7% 2.26% −0.26
NXPI NXP Semiconductors NV Reduce -1.0% 1.90% −0.25
LIN Linde PLC Reduce -2.7% 1.64% −0.22
CVS CVS Health Corp. Reduce -28.4% 0.24% −0.22
LFUS Littelfuse Inc. Reduce -5.4% 1.36% −0.21
JMBS Janus Henderson Mortg Backed Reduce -8.1% 1.28% −0.14
UNP Union Pacific Corp. Reduce -15.0% 0.60% −0.14
VZ Verizon Communications Inc. Sold out 0.00% −0.13
IBM Intl Business Machines Corp. Reduce -6.8% 2.66% −0.12
GIS General Mills Inc. Sold out 0.00% −0.11
HON Honeywell International Inc. Reduce -26.9% 0.51% −0.11
AMGN Amgen Inc. Reduce -0.4% 0.53% −0.11
LLY Eli Lilly & Co. Reduce -0.1% 0.64% −0.07
NTNX Nutanix Inc. Class A Reduce -28.4% 0.21% −0.07
JNJ Johnson & Johnson Reduce -5.1% 0.41% −0.06
MOAT Vaneck Morningstar Wide Moat Reduce -8.8% 0.53% −0.06
MSFT Microsoft Corp. Reduce -2.5% 4.17% −0.06
CGNG Cap Group New Geography Eq Reduce -7.1% 0.47% −0.05
IQDG Wisdomtree Intl QLTY DVD GRW Reduce -2.9% 0.28% −0.04
GPC Genuine Parts Co. Reduce -1.7% 0.22% −0.04
MRK Merck & Co. Inc. Reduce -0.2% 0.36% −0.04
APD Air Products & Chemicals Inc. Reduce -2.3% 2.13% −0.04
ACN Accenture PLC Class A Reduce -4.2% 1.97% −0.03
VNQ Vanguard Real Estate ETF Reduce -6.3% 0.19% −0.02
SO The Southern Co. Reduce -0.3% 0.37% −0.02
RTX RTX Corp. Reduce -2.7% 0.50% −0.02
UPS United Parcel Service Class B Reduce -0.2% 0.34% −0.02
JPIN JPM Diversified Ret Intl Eq Reduce -3.3% 0.13% −0.02
MBBB Vaneck Moody's Analytics BBB Reduce -6.5% 0.20% −0.02
SBUX Starbucks Corp. Reduce -1.8% 0.28% −0.01
HD Home Depot Inc. Reduce -1.7% 0.53% −0.01
MCD McDonald's Corp. Reduce -0.5% 0.61% −0.01
PEG Public Service Enterprise GP Reduce -1.1% 0.25% −0.01
RELL Richardson Elec Ltd. Reduce -20.5% 0.09% −0.01
TFC Truist Financial Corp. Reduce -10.3% 0.10% −0.01
USMV iShares MSCI USA Min Vol Fac Reduce -2.8% 0.22% −0.01
CLX Clorox Company Reduce -6.3% 0.10% −0.00
CVX Chevron Corp. Reduce -1.8% 0.79% −0.00
MDY State Street SPDR S&P Midcap Reduce -4.6% 0.13% −0.00
WM Waste Management Inc. Reduce -0.5% 0.25% −0.00
MTUM iShares MSCI USA Momentum Fa Reduce -4.3% 0.16% +0.00
ABT Abbott Laboratories Reduce -0.9% 0.28% +0.00
DGRO iShares Core Dividend Growth Reduce -0.0% 0.74% +0.01

Portfolio Buys Q3 2024 → Q4 2024
KEYS Keysight Technologies Inc. Add +38.3% 1.14% +0.35
CARY Angel Oak Income ETF Add +29.7% 1.05% +0.24
WDAY Workday Inc. Class A Add +9.7% 1.48% +0.24
CERT Certara Inc. New 0.23% +0.23
CP Canadian Pacific Kansas City New 0.18% +0.18
ILMN Illumina Inc. New 0.18% +0.18
ULS Ul Solutions Inc. Class A Add +6.8% 1.07% +0.11
AXP American Express Co. New 0.10% +0.10
WMT Walmart Inc. New 0.10% +0.10
VNLA Janus Henderson Short Durati New 0.09% +0.09
YELP Yelp Inc. Add +12.7% 0.38% +0.08
JQUA JPMorgan US Quality Factor Add +10.8% 0.47% +0.06
MA Mastercard Inc. Class A Add +0.3% 0.54% +0.05
OBIL F/M US Treasury 12 Month Bil Add +5.5% 0.65% +0.05
CAT Caterpillar Inc. Add +12.7% 0.54% +0.04
ROK Rockwell Automation Inc. Add +1.7% 0.35% +0.04
BMY Bristol-Myers Squibb Co. Add +0.8% 0.29% +0.04
IVW iShares S&P 500 Growth ETF Add +5.9% 0.24% +0.03
SPY SS SPDR S&P 500 ETF Trust-US Add +5.7% 0.27% +0.03
SRE Sempra Add +0.7% 0.33% +0.03
NVDA Nvidia Corp. Add +0.7% 0.20% +0.03
VFC VF Corp. Add +6.2% 0.15% +0.02
TDY Teledyne Technologies Inc. Add +0.1% 0.26% +0.02
ULTA Ulta Beauty Inc. Add +1.0% 0.14% +0.02
KTB Kontoor Brands Inc. Add +2.8% 0.19% +0.02
JPSE JPM Diversified RT Small Cap Add +9.1% 0.18% +0.02
BRK.B Berkshire Hathaway Inc. Class B Add +2.2% 0.24% +0.01
SYK Stryker Corp. Add +0.7% 0.22% +0.01
IVE iShares S&P 500 Value ETF Add +4.0% 0.18% +0.01
GNRC Generac Holdings Inc. Add +0.5% 0.20% +0.00
FTV Fortive Corp. Add +2.8% 0.09% +0.00
FANG Diamondback Energy Inc. Add +1.0% 0.33% −0.00
WTRG Essential Utilities Inc. Add +0.4% 0.15% −0.00
VLTO Veralto Corp. Add +0.9% 0.10% −0.01
SJM The JM Smucker Co. Add +3.1% 0.19% −0.01
ROP Roper Technologies Inc. Add +0.1% 0.22% −0.01
ADBE Adobe Inc. Add +7.8% 0.18% −0.01
ABBV Abbvie Inc. Add +6.6% 0.97% −0.01
PFE Pfizer Inc. Add +0.9% 0.22% −0.01
AEP American Electric Power Add +0.9% 0.27% −0.02
PLD Prologis Inc. Add +2.5% 0.22% −0.03
GD General Dynamics Corp. Add +1.3% 0.34% −0.03
TGT Target Corp. Add +0.9% 0.32% −0.03
UNH Unitedhealth Group Inc. Add +4.3% 0.73% −0.05
LMT Lockheed Martin Corp. Add +0.6% 1.71% −0.27
DHR Danaher Corp. Add +0.8% 2.30% −0.38

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