Mendel Money Management

Name: Mendel Money Management 13F holdings, Q1 2025
Creator: Mendel Money Management
Published: 2025-05-06

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

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), Mendel Money Management reported 136 stock positions worth $211.1 million. Its top holding was Microsoft (MSFT) at 4.0% of the portfolio, followed by Amazon.com (AMZN, 3.6%) and Visa Class A (V, 3.3%). Compared with Q4 2024, it opened 6 new positions, sold out of 7, added to 61 and reduced 55. The biggest buy was a new position in GE Vernova (GEV) and the biggest sale Air Products & Chemicals (APD, shares −44%).

Most Recent 13F: Q2 2026
Location: NORTHBROOK, IL
CIK: 0001600585
Portfolio Value: $211.1M (Q1 2025)
SEC Filing: 0001085146-25-002647 ↗ filed May 6, 2025

Holdings Value

Holdings 136 stocks · $211.1M


MSFT Microsoft Corp.	3.96%	22,244	$8.4M	Add +0.3%
AMZN Amazon.com Inc.	3.61%	40,102	$7.6M	Reduce -1.1%
V Visa Inc. Class A	3.28%	19,733	$6.9M	Reduce -1.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	2.83%	24,040	$6.0M	Reduce -11.3%
TMO Thermo Fisher Scientific Inc.	2.55%	10,829	$5.4M	Add +0.4%
GOOG Alphabet Inc. Class C	2.46%	33,268	$5.2M	Reduce -4.4%
LIN Linde PLC	2.28%	10,339	$4.8M	Add +17.6%
AME Ametek Inc.	2.26%	27,696	$4.8M	Reduce -2.1%
PANW Palo Alto Networks Inc.	2.25%	27,853	$4.8M	Reduce -2.7%
LOW Lowe's Cos Inc.	2.24%	20,285	$4.7M	Reduce -1.3%
DHR Danaher Corp.	2.21%	22,778	$4.7M	Add +1.5%
DE Deere & Co.	2.19%	9,839	$4.6M	Reduce -3.9%
ANSS Ansys Inc.	2.13%	14,217	$4.5M	Reduce -1.2%
PEP Pepsico Inc.	1.99%	28,007	$4.2M	Add +0.0%
AAPL Apple Inc.	1.87%	17,755	$3.9M	Add +1.0%
NXPI NXP Semiconductors NV	1.84%	20,408	$3.9M	Reduce -0.3%
ACN Accenture PLC Class A	1.83%	12,395	$3.9M	Reduce -1.4%
FMAO Farmers & Merchants Banco	1.58%	139,688	$3.3M	Reduce -1.2%
LMT Lockheed Martin Corp.	1.57%	7,430	$3.3M	Reduce -5.9%
WDAY Workday Inc. Class A	1.50%	13,569	$3.2M	Add +5.7%
MRVL Marvell Technology Inc.	1.47%	50,421	$3.1M	Add +5.2%
JMBS Janus Henderson Mortg Backed	1.37%	63,784	$2.9M	Reduce -1.5%
GOOGL Alphabet Inc. Class A	1.36%	18,529	$2.9M	Add +1.5%
APD Air Products & Chemicals Inc.	1.30%	9,311	$2.7M	Reduce -43.5%
ULS Ul Solutions Inc. Class A	1.24%	46,437	$2.6M	Reduce -3.6%
LFUS Littelfuse Inc.	1.21%	13,009	$2.6M	Add +0.3%
GEV GE Vernova Inc.	1.20%	8,326	$2.5M	New
ABBV Abbvie Inc.	1.17%	11,747	$2.5M	Reduce -4.3%
DLR Digital Realty Trust Inc.	1.15%	17,004	$2.4M	Add +0.2%
KEYS Keysight Technologies Inc.	1.15%	16,234	$2.4M	Add +1.9%
AVGO Broadcom Inc.	1.13%	14,295	$2.4M	Add +2.8%
CARY Angel Oak Income ETF	1.13%	114,712	$2.4M	Add +0.2%
GXO Gxo Logistics Inc.	1.10%	59,270	$2.3M	Reduce -8.3%
JAAA Janus Henderson Aaa Clo ETF	1.06%	44,008	$2.2M	Add +7.0%
CSV Carriage Services Inc.	1.04%	56,649	$2.2M	Reduce -6.2%
UBER Uber Technologies Inc.	1.01%	29,396	$2.1M	New
CVX Chevron Corp.	0.96%	12,151	$2.0M	Reduce -0.5%
CCI Crown Castle Inc.	0.95%	19,316	$2.0M	Reduce -34.9%
JPM JPMorgan Chase & Co.	0.94%	8,087	$2.0M	Add +2.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.85%	42,987	$1.8M	Reduce -3.0%
UNH Unitedhealth Group Inc.	0.80%	3,224	$1.7M	Add +0.4%
DGRO iShares Core Dividend Growth	0.79%	27,085	$1.7M	Add +0.3%
LLY Eli Lilly & Co.	0.72%	1,853	$1.5M	Reduce -0.1%
OBIL F/M US Treasury 12 Month Bil	0.69%	28,945	$1.5M	Reduce -0.3%
MCD McDonald's Corp.	0.68%	4,579	$1.4M	Reduce -2.3%
UNP Union Pacific Corp.	0.65%	5,825	$1.4M	Reduce -0.4%
AMGN Amgen Inc.	0.65%	4,413	$1.4M	Reduce -2.3%
RTX RTX Corp.	0.61%	9,768	$1.3M	Reduce -0.0%
MA Mastercard Inc. Class A	0.60%	2,309	$1.3M	No change
COST Costco Wholesale Corp.	0.56%	1,256	$1.2M	Add +3.8%
MOAT Vaneck Morningstar Wide Moat	0.56%	13,429	$1.2M	Add +4.5%
PH Parker Hannifin Corp.	0.55%	1,926	$1.2M	Add +1.5%
GILD Gilead Sciences Inc.	0.54%	10,230	$1.1M	Add +0.1%
HD Home Depot Inc.	0.53%	3,026	$1.1M	Reduce -0.8%
CAT Caterpillar Inc.	0.52%	3,344	$1.1M	Add +0.2%
ANET Arista Networks Inc.	0.52%	14,146	$1.1M	Reduce -0.3%
JQUA JPMorgan US Quality Factor	0.52%	19,284	$1.1M	Add +4.2%
CERT Certara Inc.	0.50%	107,565	$1.1M	Add +120.9%
CGNG Cap Group New Geography Eq filed as CAPITAL GROUP NEW GEOGRAPHY	0.50%	41,665	$1.0M	Reduce -2.5%
ISRG Intuitive Surgical Inc.	0.50%	2,112	$1.0M	Add +0.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.48%	10,286	$1.0M	Reduce -58.7%
CSCO Cisco Systems Inc.	0.48%	16,357	$1.0M	Reduce -0.2%
HON Honeywell International Inc.	0.48%	4,761	$1.0M	Reduce -5.3%
SO The Southern Co.	0.44%	10,189	$937K	Add +0.3%
PNC PNC Financial Services Group	0.42%	5,098	$896K	Add +0.8%
PKG Packaging Corp. of America	0.42%	4,480	$887K	Add +0.2%
JNJ Johnson & Johnson	0.41%	5,208	$864K	Reduce -18.2%
ETR Entergy Corp.	0.39%	9,644	$824K	No change
YELP Yelp Inc.	0.39%	22,248	$824K	Add +1.1%
GD General Dynamics Corp.	0.38%	2,940	$801K	Add +1.2%
MRK Merck & Co. Inc.	0.37%	8,742	$785K	Add +8.2%
ITW Illinois Tool Works	0.36%	3,065	$760K	No change
CVS CVS Health Corp.	0.36%	11,117	$753K	Reduce -7.8%
FANG Diamondback Energy Inc.	0.35%	4,626	$740K	Add +3.8%
TRV The Travelers Cos Inc.	0.35%	2,762	$730K	No change
AEP American Electric Power	0.34%	6,588	$720K	Add +1.4%
ROK Rockwell Automation Inc.	0.34%	2,767	$715K	Add +1.7%
BMY Bristol-Myers Squibb Co.	0.34%	11,678	$712K	Add +0.7%
LHX L3HARRIS Technologies Inc.	0.34%	3,385	$709K	Add +1.2%
SPY SS SPDR S&P 500 ETF Trust-US	0.33%	1,254	$701K	Add +20.7%
SBUX Starbucks Corp.	0.33%	7,006	$687K	Add +0.8%
UPS United Parcel Service Class B	0.32%	6,178	$680K	Add +3.8%
WM Waste Management Inc.	0.31%	2,833	$656K	Add +1.0%
ABT Abbott Laboratories	0.30%	4,790	$635K	Reduce -12.7%
IQDG Wisdomtree Intl QLTY DVD GRW	0.30%	17,721	$632K	Reduce -4.8%
PAYX Paychex Inc.	0.30%	4,044	$624K	Add +0.8%
TDY Teledyne Technologies Inc.	0.29%	1,233	$614K	No change
BRK.B Berkshire Hathaway Inc. Class B	0.29%	1,146	$610K	Reduce -2.1%
SRE Sempra	0.28%	8,346	$596K	Reduce -0.8%
ROP Roper Technologies Inc.	0.27%	963	$568K	Add +0.1%
AON Aon PLC Class A	0.27%	1,409	$562K	Add +27.1%
NSC Norfolk Southern Corp.	0.27%	2,362	$559K	No change
PEG Public Service Enterprise GP	0.26%	6,710	$552K	Reduce -0.2%
NTNX Nutanix Inc. Class A	0.25%	7,690	$537K	Reduce -0.3%
PLD Prologis Inc.	0.25%	4,802	$537K	Add +3.4%
USMV iShares MSCI USA Min Vol Fac	0.25%	5,562	$521K	Add +0.1%
GPC Genuine Parts Co.	0.24%	4,330	$516K	Add +2.0%
SYK Stryker Corp.	0.24%	1,360	$506K	Add +1.6%
BDX Becton Dickinson and Co.	0.24%	2,196	$503K	Reduce -2.2%
SJM The JM Smucker Co. filed as SMUCKER J M CO	0.24%	4,226	$500K	Add +7.5%
PFE Pfizer Inc.	0.22%	18,657	$473K	No change
TGT Target Corp.	0.22%	4,528	$473K	Reduce -14.3%
FTNT Fortinet Inc.	0.21%	4,655	$448K	No change
CELH Celsius Holdings Inc.	0.20%	12,080	$430K	New
VNQ Vanguard Real Estate ETF	0.20%	4,623	$419K	Reduce -3.0%
JPSE JPM Diversified RT Small Cap filed as J P MORGAN EXCHANGE TRADED F	0.20%	9,470	$413K	Add +8.4%
MBBB Vaneck Moody's Analytics BBB	0.19%	19,109	$410K	Reduce -8.6%
GWW WW Grainger Inc. filed as GRAINGER W W INC	0.19%	408	$403K	Add +0.7%
JPST JPMorgan Ultra-Short Income	0.19%	7,860	$398K	No change
CP Canadian Pacific Kansas City	0.19%	5,587	$392K	Reduce -1.7%
INGR Ingredion Inc.	0.18%	2,832	$383K	Add +1.5%
GNRC Generac Holdings Inc.	0.18%	2,945	$373K	No change
WTRG Essential Utilities Inc.	0.17%	9,290	$367K	Add +2.3%
NOC Northrop Grumman Corp.	0.17%	717	$367K	No change
PYPL PayPal Holdings Inc.	0.17%	5,420	$354K	Reduce -0.9%
NVDA Nvidia Corp.	0.16%	3,178	$344K	Reduce -6.4%
MTUM iShares MSCI USA Momentum Fa	0.16%	1,670	$338K	Reduce -3.8%
VRIG Invesco Variable Rate Invest	0.15%	12,925	$324K	Add +2.4%
KTB Kontoor Brands Inc.	0.15%	4,934	$316K	No change
ADBE Adobe Inc.	0.14%	787	$302K	Reduce -15.2%
JPIN JPM Diversified Ret Intl Eq filed as J P MORGAN EXCHANGE TRADED F	0.14%	5,227	$299K	Reduce -5.3%
CRM Salesforce Inc.	0.14%	1,112	$298K	Add +3.6%
ILMN Illumina Inc.	0.14%	3,668	$291K	Add +22.1%
MDY State Street SPDR S&P Midcap	0.13%	497	$265K	Reduce -0.4%
ULTA Ulta Beauty Inc.	0.12%	711	$261K	Reduce -1.0%
VFC VF Corp.	0.12%	16,615	$258K	Add +5.4%
USFR Wisdomtree Floating Rate Tre	0.12%	4,995	$251K	Add +13.0%
FDX FedEx Corp.	0.12%	1,025	$250K	Add +6.2%
CB Chubb Ltd.	0.12%	822	$248K	Reduce -7.3%
WMT Walmart Inc.	0.11%	2,727	$239K	Add +13.8%
PSTL Postal Realty Trust Inc. Class A	0.11%	16,445	$235K	New
VLTO Veralto Corp.	0.11%	2,309	$225K	Add +1.5%
FTV Fortive Corp.	0.10%	2,775	$203K	No change
NUE Nucor Corp.	0.10%	1,670	$201K	New
SHOP Shopify Inc. Class A	0.10%	2,100	$201K	New
RELL Richardson Elec Ltd.	0.08%	14,700	$164K	No change

Portfolio Sells Q4 2024 → Q1 2025


APD Air Products & Chemicals Inc.	Reduce -43.5%	1.30%	−0.83
DIS The Walt Disney Co.	Reduce -58.7%	0.48%	−0.76
FMC FMC Corp.	Sold out	0.00%	−0.66
GOOG Alphabet Inc. Class C	Reduce -4.4%	2.46%	−0.50
AMZN Amazon.com Inc.	Reduce -1.1%	3.61%	−0.36
FMAO Farmers & Merchants Banco	Reduce -1.2%	1.58%	−0.28
CCI Crown Castle Inc.	Reduce -34.9%	0.95%	−0.25
IVW iShares S&P 500 Growth ETF	Sold out	0.00%	−0.24
IVE iShares S&P 500 Value ETF	Sold out	0.00%	−0.18
ANET Arista Networks Inc.	Reduce -0.3%	0.52%	−0.18
GXO Gxo Logistics Inc.	Reduce -8.3%	1.10%	−0.16
ACN Accenture PLC Class A	Reduce -1.4%	1.83%	−0.14
LMT Lockheed Martin Corp.	Reduce -5.9%	1.57%	−0.14
TFC Truist Financial Corp.	Sold out	0.00%	−0.10
CLX Clorox Company	Sold out	0.00%	−0.10
AXP American Express Co.	Sold out	0.00%	−0.10
TGT Target Corp.	Reduce -14.3%	0.22%	−0.09
VNLA Janus Henderson Short Durati	Sold out	0.00%	−0.09
PANW Palo Alto Networks Inc.	Reduce -2.7%	2.25%	−0.07
NXPI NXP Semiconductors NV	Reduce -0.3%	1.84%	−0.06
SRE Sempra	Reduce -0.8%	0.28%	−0.05
ADBE Adobe Inc.	Reduce -15.2%	0.14%	−0.04
PYPL PayPal Holdings Inc.	Reduce -0.9%	0.17%	−0.04
NVDA Nvidia Corp.	Reduce -6.4%	0.16%	−0.04
ANSS Ansys Inc.	Reduce -1.2%	2.13%	−0.04
CSV Carriage Services Inc.	Reduce -6.2%	1.04%	−0.03
HON Honeywell International Inc.	Reduce -5.3%	0.48%	−0.03
LOW Lowe's Cos Inc.	Reduce -1.3%	2.24%	−0.02
BAC Bank of America Corp.	Reduce -3.0%	0.85%	−0.02
AME Ametek Inc.	Reduce -2.1%	2.26%	−0.02
ULTA Ulta Beauty Inc.	Reduce -1.0%	0.12%	−0.02
HD Home Depot Inc.	Reduce -0.8%	0.53%	−0.00
MBBB Vaneck Moody's Analytics BBB	Reduce -8.6%	0.19%	−0.00
JNJ Johnson & Johnson	Reduce -18.2%	0.41%	−0.00
MDY State Street SPDR S&P Midcap	Reduce -0.4%	0.13%	−0.00
MTUM iShares MSCI USA Momentum Fa	Reduce -3.8%	0.16%	−0.00
CP Canadian Pacific Kansas City	Reduce -1.7%	0.19%	+0.00
PEG Public Service Enterprise GP	Reduce -0.2%	0.26%	+0.01
CB Chubb Ltd.	Reduce -7.3%	0.12%	+0.01
VNQ Vanguard Real Estate ETF	Reduce -3.0%	0.20%	+0.01
JPIN JPM Diversified Ret Intl Eq	Reduce -5.3%	0.14%	+0.01
BDX Becton Dickinson and Co.	Reduce -2.2%	0.24%	+0.01
IQDG Wisdomtree Intl QLTY DVD GRW	Reduce -4.8%	0.30%	+0.02
ABT Abbott Laboratories	Reduce -12.7%	0.30%	+0.02
CGNG Cap Group New Geography Eq	Reduce -2.5%	0.50%	+0.02
OBIL F/M US Treasury 12 Month Bil	Reduce -0.3%	0.69%	+0.04
NTNX Nutanix Inc. Class A	Reduce -0.3%	0.25%	+0.04
CSCO Cisco Systems Inc.	Reduce -0.2%	0.48%	+0.05
BRK.B Berkshire Hathaway Inc. Class B	Reduce -2.1%	0.29%	+0.05
UNP Union Pacific Corp.	Reduce -0.4%	0.65%	+0.06

Portfolio Buys Q4 2024 → Q1 2025


GEV GE Vernova Inc.	New	1.20%	+1.20
UBER Uber Technologies Inc.	New	1.01%	+1.01
LIN Linde PLC	Add +17.6%	2.28%	+0.64
CERT Certara Inc.	Add +120.9%	0.50%	+0.27
CELH Celsius Holdings Inc.	New	0.20%	+0.20
JAAA Janus Henderson Aaa Clo ETF	Add +7.0%	1.06%	+0.13
GILD Gilead Sciences Inc.	Add +0.1%	0.54%	+0.12
PSTL Postal Realty Trust Inc. Class A	New	0.11%	+0.11
JPM JPMorgan Chase & Co.	Add +2.6%	0.94%	+0.10
NUE Nucor Corp.	New	0.10%	+0.10
SHOP Shopify Inc. Class A	New	0.10%	+0.10
AON Aon PLC Class A	Add +27.1%	0.27%	+0.09
PEP Pepsico Inc.	Add +0.0%	1.99%	+0.09
CARY Angel Oak Income ETF	Add +0.2%	1.13%	+0.08
UNH Unitedhealth Group Inc.	Add +0.4%	0.80%	+0.07
AEP American Electric Power	Add +1.4%	0.34%	+0.07
SO The Southern Co.	Add +0.3%	0.44%	+0.07
COST Costco Wholesale Corp.	Add +3.8%	0.56%	+0.07
SPY SS SPDR S&P 500 ETF Trust-US	Add +20.7%	0.33%	+0.06
WM Waste Management Inc.	Add +1.0%	0.31%	+0.06
DGRO iShares Core Dividend Growth	Add +0.3%	0.79%	+0.05
TMO Thermo Fisher Scientific Inc.	Add +0.4%	2.55%	+0.05
ROP Roper Technologies Inc.	Add +0.1%	0.27%	+0.05
BMY Bristol-Myers Squibb Co.	Add +0.7%	0.34%	+0.04
PAYX Paychex Inc.	Add +0.8%	0.30%	+0.04
SJM The JM Smucker Co.	Add +7.5%	0.24%	+0.04
JQUA JPMorgan US Quality Factor	Add +4.2%	0.52%	+0.04
SBUX Starbucks Corp.	Add +0.8%	0.33%	+0.04
GD General Dynamics Corp.	Add +1.2%	0.38%	+0.04
PLD Prologis Inc.	Add +3.4%	0.25%	+0.04
MOAT Vaneck Morningstar Wide Moat	Add +4.5%	0.56%	+0.03
WTRG Essential Utilities Inc.	Add +2.3%	0.17%	+0.03
USMV iShares MSCI USA Min Vol Fac	Add +0.1%	0.25%	+0.03
SYK Stryker Corp.	Add +1.6%	0.24%	+0.02
FANG Diamondback Energy Inc.	Add +3.8%	0.35%	+0.02
GPC Genuine Parts Co.	Add +2.0%	0.24%	+0.02
WDAY Workday Inc. Class A	Add +5.7%	1.50%	+0.02
LHX L3HARRIS Technologies Inc.	Add +1.2%	0.34%	+0.02
USFR Wisdomtree Floating Rate Tre	Add +13.0%	0.12%	+0.02
WMT Walmart Inc.	Add +13.8%	0.11%	+0.02
PH Parker Hannifin Corp.	Add +1.5%	0.55%	+0.02
JPSE JPM Diversified RT Small Cap	Add +8.4%	0.20%	+0.01
MRK Merck & Co. Inc.	Add +8.2%	0.37%	+0.01
VRIG Invesco Variable Rate Invest	Add +2.4%	0.15%	+0.01
YELP Yelp Inc.	Add +1.1%	0.39%	+0.01
INGR Ingredion Inc.	Add +1.5%	0.18%	+0.01
KEYS Keysight Technologies Inc.	Add +1.9%	1.15%	+0.01
ISRG Intuitive Surgical Inc.	Add +0.6%	0.50%	+0.01
VLTO Veralto Corp.	Add +1.5%	0.11%	+0.00
GWW WW Grainger Inc.	Add +0.7%	0.19%	+0.00

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