Mendel Money Management

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 1, 2025), Mendel Money Management reported 142 stock positions worth $225.8 million. Its top holding was Microsoft (MSFT) at 4.7% of the portfolio, followed by Amazon.com (AMZN, 3.8%) and Visa Class A (V, 3.0%). Compared with Q1 2025, it opened 9 new positions, sold out of 3, added to 51 and reduced 71. The biggest buy was RTX (RTX, shares +209%) and the biggest sale Lockheed Martin (LMT, shares −77%).

Most Recent 13F
Q2 2026
Location
NORTHBROOK, IL
CIK
0001600585
Portfolio Value
$225.8M (Q2 2025)
SEC Filing
0001085146-25-004446 ↗ filed Aug 1, 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 Q4 2024 Q1 2025: $211.1M Q1 2025 Q2 2025: $225.8M $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 142 stocks · $225.8M
MSFT Microsoft Corp. 4.73% 21,461 $10.7M Reduce -3.5%
AMZN Amazon.com Inc. 3.82% 39,371 $8.6M Reduce -1.8%
V Visa Inc. Class A 2.96% 18,839 $6.7M Reduce -4.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.87% 22,003 $6.5M Reduce -8.5%
GOOG Alphabet Inc. Class C 2.52% 32,052 $5.7M Reduce -3.7%
PANW Palo Alto Networks Inc. 2.33% 25,769 $5.3M Reduce -7.5%
AME Ametek Inc. 2.17% 27,058 $4.9M Reduce -2.3%
LIN Linde PLC 2.17% 10,431 $4.9M Add +0.9%
ANSS Ansys Inc. 2.16% 13,912 $4.9M Reduce -2.1%
DE Deere & Co. 2.13% 9,469 $4.8M Reduce -3.8%
TMO Thermo Fisher Scientific Inc. 2.03% 11,304 $4.6M Add +4.4%
DHR Danaher Corp. 2.03% 23,156 $4.6M Add +1.7%
LOW Lowe's Cos Inc. 1.96% 19,930 $4.4M Reduce -1.8%
RTX RTX Corp. 1.95% 30,191 $4.4M Add +209.1%
NXPI NXP Semiconductors NV 1.95% 20,136 $4.4M Reduce -1.3%
GEV GE Vernova Inc. 1.92% 8,205 $4.3M Reduce -1.4%
MRVL Marvell Technology Inc. 1.76% 51,213 $4.0M Add +1.6%
AVGO Broadcom Inc. 1.65% 13,533 $3.7M Reduce -5.3%
ACN Accenture PLC Class A 1.63% 12,297 $3.7M Reduce -0.8%
PEP Pepsico Inc. 1.62% 27,707 $3.7M Reduce -1.1%
AAPL Apple Inc. 1.59% 17,516 $3.6M Reduce -1.4%
FMAO Farmers & Merchants Banco 1.55% 138,253 $3.5M Reduce -1.0%
WDAY Workday Inc. Class A 1.54% 14,479 $3.5M Add +6.7%
GOOGL Alphabet Inc. Class A 1.47% 18,782 $3.3M Add +1.4%
ULS Ul Solutions Inc. Class A 1.36% 42,047 $3.1M Reduce -9.4%
UBER Uber Technologies Inc. 1.33% 32,191 $3.0M Add +9.5%
DLR Digital Realty Trust Inc. 1.31% 16,912 $2.9M Reduce -0.5%
LFUS Littelfuse Inc. 1.28% 12,703 $2.9M Reduce -2.4%
JMBS Janus Henderson Mortg Backed 1.24% 62,004 $2.8M Reduce -2.8%
KEYS Keysight Technologies Inc. 1.19% 16,424 $2.7M Add +1.2%
GXO Gxo Logistics Inc. 1.16% 53,570 $2.6M Reduce -9.6%
CARY Angel Oak Income ETF 1.15% 124,342 $2.6M Add +8.4%
CSV Carriage Services Inc. 1.06% 52,359 $2.4M Reduce -7.6%
JAAA Janus Henderson Aaa Clo ETF 1.00% 44,685 $2.3M Add +1.5%
JPM JPMorgan Chase & Co. 1.00% 7,808 $2.3M Reduce -3.5%
ABBV Abbvie Inc. 0.98% 11,908 $2.2M Add +1.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.80% 38,262 $1.8M Reduce -11.0%
CVX Chevron Corp. 0.77% 12,098 $1.7M Reduce -0.4%
DGRO iShares Core Dividend Growth 0.75% 26,566 $1.7M Reduce -1.9%
CCI Crown Castle Inc. 0.75% 16,441 $1.7M Reduce -14.9%
UNH Unitedhealth Group Inc. 0.71% 5,105 $1.6M Add +58.3%
CERT Certara Inc. 0.70% 134,305 $1.6M Add +24.9%
APD Air Products & Chemicals Inc. 0.68% 5,442 $1.5M Reduce -41.5%
OBIL F/M US Treasury 12 Month Bil 0.63% 28,234 $1.4M Reduce -2.5%
ANET Arista Networks Inc. 0.63% 13,831 $1.4M Reduce -2.2%
FISV Fiserv Inc. 0.62% 8,172 $1.4M New
LLY Eli Lilly & Co. 0.60% 1,751 $1.4M Reduce -5.5%
MCD McDonald's Corp. 0.59% 4,581 $1.3M Add +0.0%
PH Parker Hannifin Corp. 0.59% 1,894 $1.3M Reduce -1.7%
CAT Caterpillar Inc. 0.57% 3,319 $1.3M Reduce -0.8%
MA Mastercard Inc. Class A 0.56% 2,269 $1.3M Reduce -1.7%
MOAT Vaneck Morningstar Wide Moat 0.56% 13,504 $1.3M Add +0.6%
UNP Union Pacific Corp. 0.55% 5,351 $1.2M Reduce -8.1%
COST Costco Wholesale Corp. 0.54% 1,223 $1.2M Reduce -2.6%
AMGN Amgen Inc. 0.52% 4,184 $1.2M Reduce -5.2%
JQUA JPMorgan US Quality Factor 0.52% 19,367 $1.2M Add +0.4%
CGNG Cap Group New Geography Eq filed as CAPITAL GROUP NEW GEOGRAPHY 0.51% 40,330 $1.2M Reduce -3.2%
ISRG Intuitive Surgical Inc. 0.51% 2,114 $1.1M Add +0.1%
UPS United Parcel Service Class B 0.50% 11,243 $1.1M Add +82.0%
GILD Gilead Sciences Inc. 0.50% 10,187 $1.1M Reduce -0.4%
HD Home Depot Inc. 0.49% 3,008 $1.1M Reduce -0.6%
CSCO Cisco Systems Inc. 0.48% 15,657 $1.1M Reduce -4.3%
HON Honeywell International Inc. 0.47% 4,510 $1.1M Reduce -5.3%
PNC PNC Financial Services Group 0.43% 5,173 $964K Add +1.5%
SO The Southern Co. 0.41% 10,089 $926K Reduce -1.0%
ROK Rockwell Automation Inc. 0.40% 2,752 $914K Reduce -0.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.40% 7,354 $912K Reduce -28.5%
LHX L3HARRIS Technologies Inc. 0.38% 3,435 $862K Add +1.5%
GD General Dynamics Corp. 0.38% 2,948 $860K Add +0.3%
PKG Packaging Corp. of America 0.38% 4,496 $847K Add +0.4%
LMT Lockheed Martin Corp. 0.36% 1,742 $807K Reduce -76.5%
ETR Entergy Corp. 0.35% 9,534 $792K Reduce -1.1%
CVS CVS Health Corp. 0.35% 11,367 $784K Add +2.3%
ITW Illinois Tool Works 0.34% 3,065 $758K No change
TRV The Travelers Cos Inc. 0.32% 2,742 $734K Reduce -0.7%
YELP Yelp Inc. 0.32% 20,873 $715K Reduce -6.2%
MRK Merck & Co. Inc. 0.32% 9,028 $715K Add +3.3%
JNJ Johnson & Johnson 0.31% 4,525 $691K Reduce -13.1%
AEP American Electric Power 0.30% 6,638 $689K Add +0.8%
IQDG Wisdomtree Intl QLTY DVD GRW 0.30% 17,311 $686K Reduce -2.3%
ABT Abbott Laboratories 0.29% 4,824 $656K Add +0.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.29% 1,058 $654K Reduce -15.6%
WM Waste Management Inc. 0.29% 2,853 $653K Add +0.7%
FANG Diamondback Energy Inc. 0.29% 4,689 $644K Add +1.4%
SRE Sempra 0.28% 8,476 $642K Add +1.6%
TDY Teledyne Technologies Inc. 0.28% 1,233 $632K No change
NSC Norfolk Southern Corp. 0.28% 2,429 $622K Add +2.8%
PAYX Paychex Inc. 0.26% 4,044 $588K No change
NTNX Nutanix Inc. Class A 0.26% 7,670 $586K Reduce -0.3%
PEG Public Service Enterprise GP 0.25% 6,685 $563K Reduce -0.4%
CELH Celsius Holdings Inc. 0.25% 12,080 $560K No change
BRK.B Berkshire Hathaway Inc. Class B 0.24% 1,126 $547K Reduce -1.8%
ROP Roper Technologies Inc. 0.24% 963 $546K No change
SYK Stryker Corp. 0.24% 1,372 $543K Add +0.9%
BMY Bristol-Myers Squibb Co. 0.24% 11,628 $538K Reduce -0.4%
PLD Prologis Inc. 0.23% 5,032 $529K Add +4.8%
USMV iShares MSCI USA Min Vol Fac 0.23% 5,623 $528K Add +1.1%
GPC Genuine Parts Co. 0.23% 4,330 $525K No change
SBUX Starbucks Corp. 0.23% 5,682 $521K Reduce -18.9%
AON Aon PLC Class A 0.22% 1,409 $503K No change
CP Canadian Pacific Kansas City 0.22% 6,292 $499K Add +12.6%
FTNT Fortinet Inc. 0.22% 4,655 $492K No change
NVDA Nvidia Corp. 0.21% 3,048 $482K Reduce -4.1%
JPSE JPM Diversified RT Small Cap filed as J P MORGAN EXCHANGE TRADED F 0.20% 9,961 $453K Add +5.2%
PFE Pfizer Inc. 0.20% 18,257 $443K Reduce -2.1%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.19% 4,301 $422K Add +1.8%
VNQ Vanguard Real Estate ETF 0.19% 4,693 $418K Add +1.5%
TGT Target Corp. 0.18% 4,192 $414K Reduce -7.4%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.18% 396 $412K Reduce -2.9%
PYPL PayPal Holdings Inc. 0.18% 5,420 $403K No change
JPST JPMorgan Ultra-Short Income 0.18% 7,860 $398K No change
MBBB Vaneck Moody's Analytics BBB 0.17% 18,029 $390K Reduce -5.7%
BDX Becton Dickinson and Co. 0.17% 2,254 $388K Add +2.6%
VRIG Invesco Variable Rate Invest 0.17% 15,460 $387K Add +19.6%
NOC Northrop Grumman Corp. 0.17% 767 $383K Add +7.0%
GNRC Generac Holdings Inc. 0.17% 2,645 $379K Reduce -10.2%
INGR Ingredion Inc. 0.17% 2,782 $377K Reduce -1.8%
MTUM iShares MSCI USA Momentum Fa 0.16% 1,536 $369K Reduce -8.0%
CRM Salesforce Inc. 0.15% 1,279 $349K Add +15.0%
WTRG Essential Utilities Inc. 0.15% 9,390 $349K Add +1.1%
ULTA Ulta Beauty Inc. 0.15% 711 $333K No change
KTB Kontoor Brands Inc. 0.15% 4,994 $329K Add +1.2%
FDX FedEx Corp. 0.14% 1,426 $324K Add +39.1%
JPIN JPM Diversified Ret Intl Eq filed as J P MORGAN EXCHANGE TRADED F 0.14% 5,014 $322K Reduce -4.1%
ADBE Adobe Inc. 0.14% 796 $308K Add +1.1%
PSTL Postal Realty Trust Inc. Class A 0.13% 19,806 $292K Add +20.4%
VLTO Veralto Corp. 0.12% 2,791 $282K Add +20.9%
ORCL Oracle Corp. 0.12% 1,247 $273K New
MDY State Street SPDR S&P Midcap 0.12% 470 $266K Reduce -5.4%
WMT Walmart Inc. 0.12% 2,677 $262K Reduce -1.8%
SHOP Shopify Inc. Class A 0.11% 2,200 $254K Add +4.8%
GH Guardant Health Inc. 0.11% 4,855 $253K New
ADI Analog Devices Inc. 0.11% 1,061 $253K New
USFR Wisdomtree Floating Rate Tre 0.11% 4,960 $250K Reduce -0.7%
COHR Coherent Corp. 0.11% 2,775 $248K New
NUE Nucor Corp. 0.11% 1,845 $239K Add +10.5%
CB Chubb Ltd. 0.10% 812 $235K Reduce -1.2%
AXP American Express Co. 0.10% 731 $233K New
VRSN Verisign Inc. 0.10% 800 $231K New
VFC VF Corp. 0.09% 17,580 $207K Add +5.8%
VTI VG Morningstar TS MKT ETF-US 0.09% 679 $206K New
CRAI Cra International Inc. 0.09% 1,075 $201K New

Portfolio Sells Q1 2025 → Q2 2025
LMT Lockheed Martin Corp. Reduce -76.5% 0.36% −1.22
APD Air Products & Chemicals Inc. Reduce -41.5% 0.68% −0.62
PEP Pepsico Inc. Reduce -1.1% 1.62% −0.37
V Visa Inc. Class A Reduce -4.5% 2.96% −0.31
LOW Lowe's Cos Inc. Reduce -1.8% 1.96% −0.28
AAPL Apple Inc. Reduce -1.4% 1.59% −0.28
CCI Crown Castle Inc. Reduce -14.9% 0.75% −0.21
ACN Accenture PLC Class A Reduce -0.8% 1.63% −0.20
CVX Chevron Corp. Reduce -0.4% 0.77% −0.20
ILMN Illumina Inc. Sold out 0.00% −0.14
AMGN Amgen Inc. Reduce -5.2% 0.52% −0.13
JMBS Janus Henderson Mortg Backed Reduce -2.8% 1.24% −0.13
LLY Eli Lilly & Co. Reduce -5.5% 0.60% −0.12
UNP Union Pacific Corp. Reduce -8.1% 0.55% −0.11
JNJ Johnson & Johnson Reduce -13.1% 0.31% −0.10
BMY Bristol-Myers Squibb Co. Reduce -0.4% 0.24% −0.10
FTV Fortive Corp. Sold out 0.00% −0.10
SBUX Starbucks Corp. Reduce -18.9% 0.23% −0.10
AME Ametek Inc. Reduce -2.3% 2.17% −0.09
RELL Richardson Elec Ltd. Sold out 0.00% −0.08
DIS The Walt Disney Co. Reduce -28.5% 0.40% −0.08
YELP Yelp Inc. Reduce -6.2% 0.32% −0.07
OBIL F/M US Treasury 12 Month Bil Reduce -2.5% 0.63% −0.06
DE Deere & Co. Reduce -3.8% 2.13% −0.06
BAC Bank of America Corp. Reduce -11.0% 0.80% −0.05
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.8% 0.24% −0.05
GILD Gilead Sciences Inc. Reduce -0.4% 0.50% −0.04
SPY SS SPDR S&P 500 ETF Trust-US Reduce -15.6% 0.29% −0.04
TGT Target Corp. Reduce -7.4% 0.18% −0.04
DGRO iShares Core Dividend Growth Reduce -1.9% 0.75% −0.04
ETR Entergy Corp. Reduce -1.1% 0.35% −0.04
HD Home Depot Inc. Reduce -0.6% 0.49% −0.04
MA Mastercard Inc. Class A Reduce -1.7% 0.56% −0.04
FMAO Farmers & Merchants Banco Reduce -1.0% 1.55% −0.03
SO The Southern Co. Reduce -1.0% 0.41% −0.03
PFE Pfizer Inc. Reduce -2.1% 0.20% −0.03
COST Costco Wholesale Corp. Reduce -2.6% 0.54% −0.03
MBBB Vaneck Moody's Analytics BBB Reduce -5.7% 0.17% −0.02
TRV The Travelers Cos Inc. Reduce -0.7% 0.32% −0.02
INGR Ingredion Inc. Reduce -1.8% 0.17% −0.01
CB Chubb Ltd. Reduce -1.2% 0.10% −0.01
HON Honeywell International Inc. Reduce -5.3% 0.47% −0.01
PEG Public Service Enterprise GP Reduce -0.4% 0.25% −0.01
GNRC Generac Holdings Inc. Reduce -10.2% 0.17% −0.01
USFR Wisdomtree Floating Rate Tre Reduce -0.7% 0.11% −0.01
GWW WW Grainger Inc. Reduce -2.9% 0.18% −0.01
MDY State Street SPDR S&P Midcap Reduce -5.4% 0.12% −0.01
JPIN JPM Diversified Ret Intl Eq Reduce -4.1% 0.14% +0.00
WMT Walmart Inc. Reduce -1.8% 0.12% +0.00
CSCO Cisco Systems Inc. Reduce -4.3% 0.48% +0.00

Portfolio Buys Q1 2025 → Q2 2025
RTX RTX Corp. Add +209.1% 1.95% +1.34
FISV Fiserv Inc. New 0.62% +0.62
UBER Uber Technologies Inc. Add +9.5% 1.33% +0.32
MRVL Marvell Technology Inc. Add +1.6% 1.76% +0.28
CERT Certara Inc. Add +24.9% 0.70% +0.19
UPS United Parcel Service Class B Add +82.0% 0.50% +0.18
ORCL Oracle Corp. New 0.12% +0.12
GH Guardant Health Inc. New 0.11% +0.11
ADI Analog Devices Inc. New 0.11% +0.11
COHR Coherent Corp. New 0.11% +0.11
GOOGL Alphabet Inc. Class A Add +1.4% 1.47% +0.11
AXP American Express Co. New 0.10% +0.10
VRSN Verisign Inc. New 0.10% +0.10
VTI VG Morningstar TS MKT ETF-US New 0.09% +0.09
CRAI Cra International Inc. New 0.09% +0.09
LHX L3HARRIS Technologies Inc. Add +1.5% 0.38% +0.05
KEYS Keysight Technologies Inc. Add +1.2% 1.19% +0.04
WDAY Workday Inc. Class A Add +6.7% 1.54% +0.04
CP Canadian Pacific Kansas City Add +12.6% 0.22% +0.04
FDX FedEx Corp. Add +39.1% 0.14% +0.03
VLTO Veralto Corp. Add +20.9% 0.12% +0.02
VRIG Invesco Variable Rate Invest Add +19.6% 0.17% +0.02
PSTL Postal Realty Trust Inc. Class A Add +20.4% 0.13% +0.02
SHOP Shopify Inc. Class A Add +4.8% 0.11% +0.02
CARY Angel Oak Income ETF Add +8.4% 1.15% +0.02
ISRG Intuitive Surgical Inc. Add +0.1% 0.51% +0.01
CRM Salesforce Inc. Add +15.0% 0.15% +0.01
NUE Nucor Corp. Add +10.5% 0.11% +0.01
NSC Norfolk Southern Corp. Add +2.8% 0.28% +0.01
JPSE JPM Diversified RT Small Cap Add +5.2% 0.20% +0.01
PNC PNC Financial Services Group Add +1.5% 0.43% +0.00
SRE Sempra Add +1.6% 0.28% +0.00
GD General Dynamics Corp. Add +0.3% 0.38% +0.00
MOAT Vaneck Morningstar Wide Moat Add +0.6% 0.56% +0.00
SYK Stryker Corp. Add +0.9% 0.24% +0.00
JQUA JPMorgan US Quality Factor Add +0.4% 0.52% −0.00
KTB Kontoor Brands Inc. Add +1.2% 0.15% −0.00
NOC Northrop Grumman Corp. Add +7.0% 0.17% −0.00
ADBE Adobe Inc. Add +1.1% 0.14% −0.01
CVS CVS Health Corp. Add +2.3% 0.35% −0.01
ABT Abbott Laboratories Add +0.7% 0.29% −0.01
USMV iShares MSCI USA Min Vol Fac Add +1.1% 0.23% −0.01
VNQ Vanguard Real Estate ETF Add +1.5% 0.19% −0.01
WTRG Essential Utilities Inc. Add +1.1% 0.15% −0.02
PLD Prologis Inc. Add +4.8% 0.23% −0.02
WM Waste Management Inc. Add +0.7% 0.29% −0.02
VFC VF Corp. Add +5.8% 0.09% −0.03
AEP American Electric Power Add +0.8% 0.30% −0.04
PKG Packaging Corp. of America Add +0.4% 0.38% −0.05
SJM The JM Smucker Co. Add +1.8% 0.19% −0.05

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