Mendel Money Management
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), Mendel Money Management reported 150 stock positions worth $237.8 million. Its top holding was Microsoft (MSFT) at 4.6% of the portfolio, followed by Amazon.com (AMZN, 3.6%) and Alphabet Class C (GOOG, 2.9%). Compared with Q2 2025, it opened 15 new positions, sold out of 7, added to 36 and reduced 80. The biggest buy was a new position in Quanta Services (PWR) and the biggest sale an exit from Ansys (ANSS).
- Most Recent 13F
- Q2 2026
- Location
- NORTHBROOK, IL
- CIK
- 0001600585
- Portfolio Value
- $237.8M (Q3 2025)
- SEC Filing
- 0001600585-25-000005 ↗ filed Nov 10, 2025
Holdings Value
Holdings 150 stocks · $237.8M
| MSFT Microsoft Corp. | 4.62% | 21,201 | $11.0M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 3.58% | 38,808 | $8.5M | Reduce -1.4% |
| GOOG Alphabet Inc. Class C | 2.93% | 28,657 | $7.0M | Reduce -10.6% |
| V Visa Inc. Class A | 2.68% | 18,698 | $6.4M | Reduce -0.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.59% | 21,863 | $6.2M | Reduce -0.6% |
| TMO Thermo Fisher Scientific Inc. | 2.33% | 11,413 | $5.5M | Add +1.0% |
| PANW Palo Alto Networks Inc. | 2.26% | 26,351 | $5.4M | Add +2.3% |
| RTX RTX Corp. | 2.19% | 31,191 | $5.2M | Add +3.3% |
| LIN Linde PLC | 2.16% | 10,794 | $5.1M | Add +3.5% |
| AME Ametek Inc. | 2.15% | 27,197 | $5.1M | Add +0.5% |
| LOW Lowe's Cos Inc. | 2.10% | 19,890 | $5.0M | Reduce -0.2% |
| GEV GE Vernova Inc. | 2.08% | 8,041 | $4.9M | Reduce -2.0% |
| DHR Danaher Corp. | 1.93% | 23,128 | $4.6M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 1.91% | 18,642 | $4.5M | Reduce -0.8% |
| NXPI NXP Semiconductors NV | 1.90% | 19,817 | $4.5M | Reduce -1.6% |
| AAPL Apple Inc. | 1.80% | 16,792 | $4.3M | Reduce -4.1% |
| MRVL Marvell Technology Inc. | 1.78% | 50,423 | $4.2M | Reduce -1.5% |
| AVGO Broadcom Inc. | 1.77% | 12,753 | $4.2M | Reduce -5.8% |
| DE Deere & Co. | 1.49% | 7,740 | $3.5M | Reduce -18.3% |
| WDAY Workday Inc. Class A | 1.45% | 14,331 | $3.4M | Reduce -1.0% |
| FMAO Farmers & Merchants Banco | 1.44% | 136,653 | $3.4M | Reduce -1.2% |
| LFUS Littelfuse Inc. | 1.37% | 12,604 | $3.3M | Reduce -0.8% |
| ACN Accenture PLC Class A | 1.36% | 13,072 | $3.2M | Add +6.3% |
| UBER Uber Technologies Inc. | 1.35% | 32,747 | $3.2M | Add +1.7% |
| PWR Quanta Services Inc. | 1.32% | 7,578 | $3.1M | New |
| ULS Ul Solutions Inc. Class A | 1.23% | 41,407 | $2.9M | Reduce -1.5% |
| DLR Digital Realty Trust Inc. | 1.20% | 16,527 | $2.9M | Reduce -2.3% |
| KEYS Keysight Technologies Inc. | 1.18% | 16,009 | $2.8M | Reduce -2.5% |
| ABBV Abbvie Inc. | 1.11% | 11,379 | $2.6M | Reduce -4.4% |
| CARY Angel Oak Income ETF | 1.10% | 125,508 | $2.6M | Add +0.9% |
| JPM JPMorgan Chase & Co. | 1.03% | 7,757 | $2.4M | Reduce -0.7% |
| JAAA Janus Henderson Aaa Clo ETF | 0.97% | 45,437 | $2.3M | Add +1.7% |
| PEP Pepsico Inc. | 0.97% | 16,366 | $2.3M | Reduce -40.9% |
| SNPS Synopsys Inc. | 0.93% | 4,505 | $2.2M | New |
| ACIO Aptus Collared Invest Opp | 0.83% | 45,550 | $2.0M | New |
| NOW ServiceNow Inc. | 0.82% | 2,126 | $2.0M | New |
| CVX Chevron Corp. | 0.77% | 11,769 | $1.8M | Reduce -2.7% |
| UNH Unitedhealth Group Inc. | 0.75% | 5,169 | $1.8M | Add +1.3% |
| CSV Carriage Services Inc. | 0.75% | 39,929 | $1.8M | Reduce -23.7% |
| ANET Arista Networks Inc. | 0.74% | 12,086 | $1.8M | Reduce -12.6% |
| DGRO iShares Core Dividend Growth | 0.74% | 25,707 | $1.8M | Reduce -3.2% |
| FISV Fiserv Inc. | 0.73% | 13,552 | $1.7M | Add +65.8% |
| DRSK Aptus Defined Risk ETF | 0.72% | 59,434 | $1.7M | New |
| CERT Certara Inc. | 0.70% | 136,675 | $1.7M | Add +1.8% |
| CAT Caterpillar Inc. | 0.66% | 3,299 | $1.6M | Reduce -0.6% |
| JMBS Janus Henderson Mortg Backed | 0.64% | 33,484 | $1.5M | Reduce -46.0% |
| CGNG Cap Group New Geography Eq filed as CAPITAL GROUP NEW GEOGRAPHY | 0.62% | 47,609 | $1.5M | Add +18.1% |
| GXO Gxo Logistics Inc. | 0.61% | 27,540 | $1.5M | Reduce -48.6% |
| PH Parker Hannifin Corp. | 0.59% | 1,854 | $1.4M | Reduce -2.1% |
| MCD McDonald's Corp. | 0.58% | 4,529 | $1.4M | Reduce -1.1% |
| LLY Eli Lilly & Co. | 0.58% | 1,801 | $1.4M | Add +2.9% |
| MA Mastercard Inc. Class A | 0.54% | 2,269 | $1.3M | No change |
| DMBS Doubleline Mortgage ETF | 0.54% | 25,933 | $1.3M | New |
| MOAT Vaneck Morningstar Wide Moat | 0.54% | 12,917 | $1.3M | Reduce -4.3% |
| APD Air Products & Chemicals Inc. | 0.54% | 4,692 | $1.3M | Reduce -13.8% |
| JQUA JPMorgan US Quality Factor | 0.51% | 19,409 | $1.2M | Add +0.2% |
| HD Home Depot Inc. | 0.51% | 3,003 | $1.2M | Reduce -0.2% |
| AMGN Amgen Inc. | 0.49% | 4,134 | $1.2M | Reduce -1.2% |
| GILD Gilead Sciences Inc. | 0.47% | 10,087 | $1.1M | Reduce -1.0% |
| COST Costco Wholesale Corp. | 0.46% | 1,194 | $1.1M | Reduce -2.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.46% | 21,310 | $1.1M | Reduce -44.3% |
| CSCO Cisco Systems Inc. | 0.45% | 15,567 | $1.1M | Reduce -0.6% |
| HON Honeywell International Inc. | 0.44% | 4,985 | $1.0M | Add +10.5% |
| LHX L3HARRIS Technologies Inc. | 0.44% | 3,430 | $1.0M | Reduce -0.1% |
| PNC PNC Financial Services Group | 0.44% | 5,173 | $1.0M | No change |
| WMT Walmart Inc. | 0.44% | 10,074 | $1.0M | Add +276.3% |
| GD General Dynamics Corp. | 0.42% | 2,948 | $1.0M | No change |
| PKG Packaging Corp. of America | 0.41% | 4,491 | $979K | Reduce -0.1% |
| ISRG Intuitive Surgical Inc. | 0.41% | 2,188 | $979K | Add +3.5% |
| SO The Southern Co. | 0.40% | 10,084 | $956K | Reduce -0.1% |
| UPS United Parcel Service Class B | 0.40% | 11,438 | $955K | Add +1.7% |
| ROK Rockwell Automation Inc. | 0.40% | 2,727 | $953K | Reduce -0.9% |
| OSCV Opus Small Cap Value ETF | 0.40% | 24,768 | $947K | New |
| IQDG Wisdomtree Intl QLTY DVD GRW | 0.39% | 23,024 | $918K | Add +33.0% |
| UNP Union Pacific Corp. | 0.37% | 3,769 | $891K | Reduce -29.6% |
| ETR Entergy Corp. | 0.37% | 9,519 | $887K | Reduce -0.2% |
| CVS CVS Health Corp. | 0.36% | 11,467 | $864K | Add +0.9% |
| XONE Bondbloxx BBG 1 Dur US Treas | 0.36% | 17,111 | $850K | New |
| JNJ Johnson & Johnson | 0.35% | 4,509 | $836K | Reduce -0.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.34% | 1,224 | $815K | Add +15.7% |
| OBIL F/M US Treasury 12 Month Bil | 0.34% | 15,907 | $800K | Reduce -43.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.33% | 6,803 | $779K | Reduce -7.5% |
| SRE Sempra | 0.32% | 8,531 | $768K | Add +0.7% |
| TRV The Travelers Cos Inc. | 0.32% | 2,742 | $766K | No change |
| NOC Northrop Grumman Corp. | 0.32% | 1,242 | $757K | Add +61.9% |
| ITW Illinois Tool Works | 0.31% | 2,815 | $734K | Reduce -8.2% |
| MRK Merck & Co. Inc. | 0.31% | 8,703 | $730K | Reduce -3.6% |
| TDY Teledyne Technologies Inc. | 0.30% | 1,233 | $723K | No change |
| NSC Norfolk Southern Corp. | 0.30% | 2,386 | $717K | Reduce -1.8% |
| CHE Chemed Corp. | 0.29% | 1,557 | $697K | New |
| CELH Celsius Holdings Inc. | 0.29% | 12,080 | $694K | No change |
| AEP American Electric Power | 0.28% | 5,998 | $675K | Reduce -9.6% |
| LMT Lockheed Martin Corp. | 0.28% | 1,327 | $662K | Reduce -23.8% |
| FANG Diamondback Energy Inc. | 0.28% | 4,614 | $660K | Reduce -1.6% |
| WM Waste Management Inc. | 0.27% | 2,903 | $641K | Add +1.8% |
| GPC Genuine Parts Co. | 0.25% | 4,360 | $604K | Add +0.7% |
| ABT Abbott Laboratories | 0.25% | 4,441 | $595K | Reduce -7.9% |
| AMT American Tower Corp. | 0.24% | 3,015 | $580K | New |
| NVDA Nvidia Corp. | 0.24% | 3,038 | $567K | Reduce -0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.24% | 1,126 | $566K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| ANSS Ansys Inc. | Sold out | 0.00% | −2.16 |
| PEP Pepsico Inc. | Reduce -40.9% | 0.97% | −0.65 |
| DE Deere & Co. | Reduce -18.3% | 1.49% | −0.64 |
| JMBS Janus Henderson Mortg Backed | Reduce -46.0% | 0.64% | −0.59 |
| CCI Crown Castle Inc. | Reduce -73.1% | 0.18% | −0.57 |
| GXO Gxo Logistics Inc. | Reduce -48.6% | 0.61% | −0.54 |
| BAC Bank of America Corp. | Reduce -44.3% | 0.46% | −0.34 |
| CSV Carriage Services Inc. | Reduce -23.7% | 0.75% | −0.31 |
| OBIL F/M US Treasury 12 Month Bil | Reduce -43.7% | 0.34% | −0.29 |
| IBM Intl Business Machines Corp. | Reduce -0.6% | 2.59% | −0.28 |
| V Visa Inc. Class A | Reduce -0.8% | 2.68% | −0.28 |
| AMZN Amazon.com Inc. | Reduce -1.4% | 3.58% | −0.24 |
| USMV iShares MSCI USA Min Vol Fac | Sold out | 0.00% | −0.23 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −0.22 |
| YELP Yelp Inc. | Reduce -63.3% | 0.10% | −0.22 |
| JPSE JPM Diversified RT Small Cap | Sold out | 0.00% | −0.20 |
| VNQ Vanguard Real Estate ETF | Sold out | 0.00% | −0.19 |
| UNP Union Pacific Corp. | Reduce -29.6% | 0.37% | −0.17 |
| MTUM iShares MSCI USA Momentum Fa | Sold out | 0.00% | −0.16 |
| APD Air Products & Chemicals Inc. | Reduce -13.8% | 0.54% | −0.14 |
| ULS Ul Solutions Inc. Class A | Reduce -1.5% | 1.23% | −0.12 |
| FMAO Farmers & Merchants Banco | Reduce -1.2% | 1.44% | −0.11 |
| USFR Wisdomtree Floating Rate Tre | Sold out | 0.00% | −0.11 |
| MSFT Microsoft Corp. | Reduce -1.2% | 4.62% | −0.11 |
| DLR Digital Realty Trust Inc. | Reduce -2.3% | 1.20% | −0.10 |
| DHR Danaher Corp. | Reduce -0.1% | 1.93% | −0.10 |
| WDAY Workday Inc. Class A | Reduce -1.0% | 1.45% | −0.09 |
| LMT Lockheed Martin Corp. | Reduce -23.8% | 0.28% | −0.08 |
| DIS The Walt Disney Co. | Reduce -7.5% | 0.33% | −0.08 |
| COST Costco Wholesale Corp. | Reduce -2.4% | 0.46% | −0.07 |
| NXPI NXP Semiconductors NV | Reduce -1.6% | 1.90% | −0.05 |
| TGT Target Corp. | Reduce -10.6% | 0.14% | −0.04 |
| ROP Roper Technologies Inc. | Reduce -0.8% | 0.20% | −0.04 |
| ABT Abbott Laboratories | Reduce -7.9% | 0.25% | −0.04 |
| PYPL PayPal Holdings Inc. | Reduce -7.4% | 0.14% | −0.04 |
| SBUX Starbucks Corp. | Reduce -3.7% | 0.19% | −0.04 |
| NTNX Nutanix Inc. Class A | Reduce -6.1% | 0.23% | −0.03 |
| CSCO Cisco Systems Inc. | Reduce -0.6% | 0.45% | −0.03 |
| GILD Gilead Sciences Inc. | Reduce -1.0% | 0.47% | −0.03 |
| AON Aon PLC Class A | Reduce -7.7% | 0.19% | −0.03 |
| CRM Salesforce Inc. | Reduce -0.4% | 0.13% | −0.03 |
| ITW Illinois Tool Works | Reduce -8.2% | 0.31% | −0.03 |
| AMGN Amgen Inc. | Reduce -1.2% | 0.49% | −0.03 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -4.3% | 0.54% | −0.02 |
| PFE Pfizer Inc. | Reduce -10.9% | 0.17% | −0.02 |
| AEP American Electric Power | Reduce -9.6% | 0.28% | −0.02 |
| MBBB Vaneck Moody's Analytics BBB | Reduce -8.6% | 0.15% | −0.02 |
| ADBE Adobe Inc. | Reduce -1.8% | 0.12% | −0.02 |
| BDX Becton Dickinson and Co. | Reduce -14.6% | 0.15% | −0.02 |
| JPST JPMorgan Ultra-Short Income | Reduce -6.4% | 0.16% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| PWR Quanta Services Inc. | New | 1.32% | +1.32 |
| SNPS Synopsys Inc. | New | 0.93% | +0.93 |
| ACIO Aptus Collared Invest Opp | New | 0.83% | +0.83 |
| NOW ServiceNow Inc. | New | 0.82% | +0.82 |
| DRSK Aptus Defined Risk ETF | New | 0.72% | +0.72 |
| DMBS Doubleline Mortgage ETF | New | 0.54% | +0.54 |
| OSCV Opus Small Cap Value ETF | New | 0.40% | +0.40 |
| XONE Bondbloxx BBG 1 Dur US Treas | New | 0.36% | +0.36 |
| WMT Walmart Inc. | Add +276.3% | 0.44% | +0.32 |
| TMO Thermo Fisher Scientific Inc. | Add +1.0% | 2.33% | +0.30 |
| CHE Chemed Corp. | New | 0.29% | +0.29 |
| AMT American Tower Corp. | New | 0.24% | +0.24 |
| RTX RTX Corp. | Add +3.3% | 2.19% | +0.24 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.17% | +0.17 |
| NOC Northrop Grumman Corp. | Add +61.9% | 0.32% | +0.15 |
| GSEW Goldman Sachs Eql WGHT Large | New | 0.13% | +0.13 |
| FISV Fiserv Inc. | Add +65.8% | 0.73% | +0.11 |
| CGNG Cap Group New Geography Eq | Add +18.1% | 0.62% | +0.10 |
| NEE Nextera Energy Inc. | New | 0.09% | +0.09 |
| FRDM Freedom 100 Emeging MRKT ETF | New | 0.09% | +0.09 |
| JPIN JPM Diversified Ret Intl Eq | Add +63.6% | 0.23% | +0.09 |
| PLTR Palantir Technologies Inc. Class A | New | 0.08% | +0.08 |
| IQDG Wisdomtree Intl QLTY DVD GRW | Add +33.0% | 0.39% | +0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +15.7% | 0.34% | +0.05 |
| UNH Unitedhealth Group Inc. | Add +1.3% | 0.75% | +0.05 |
| SRE Sempra | Add +0.7% | 0.32% | +0.04 |
| KTB Kontoor Brands Inc. | Add +0.1% | 0.17% | +0.02 |
| GPC Genuine Parts Co. | Add +0.7% | 0.25% | +0.02 |
| VFC VF Corp. | Add +4.2% | 0.11% | +0.02 |
| GNRC Generac Holdings Inc. | Add +0.4% | 0.19% | +0.02 |
| UBER Uber Technologies Inc. | Add +1.7% | 1.35% | +0.02 |
| CVS CVS Health Corp. | Add +0.9% | 0.36% | +0.02 |
| PSTL Postal Realty Trust Inc. Class A | Add +6.1% | 0.14% | +0.01 |
| CERT Certara Inc. | Add +1.8% | 0.70% | +0.01 |
| WTRG Essential Utilities Inc. | Add +0.5% | 0.16% | +0.00 |
| NUE Nucor Corp. | Add +0.5% | 0.11% | −0.00 |
| JQUA JPMorgan US Quality Factor | Add +0.2% | 0.51% | −0.00 |
| LIN Linde PLC | Add +3.5% | 2.16% | −0.01 |
| PEG Public Service Enterprise GP | Add +0.2% | 0.24% | −0.01 |
| AME Ametek Inc. | Add +0.5% | 2.15% | −0.02 |
| WM Waste Management Inc. | Add +1.8% | 0.27% | −0.02 |
| INGR Ingredion Inc. | Add +0.4% | 0.14% | −0.02 |
| HON Honeywell International Inc. | Add +10.5% | 0.44% | −0.02 |
| LLY Eli Lilly & Co. | Add +2.9% | 0.58% | −0.03 |
| JAAA Janus Henderson Aaa Clo ETF | Add +1.7% | 0.97% | −0.03 |
| CARY Angel Oak Income ETF | Add +0.9% | 1.10% | −0.04 |
| PAYX Paychex Inc. | Add +0.1% | 0.22% | −0.04 |
| PANW Palo Alto Networks Inc. | Add +2.3% | 2.26% | −0.08 |
| ISRG Intuitive Surgical Inc. | Add +3.5% | 0.41% | −0.10 |
| UPS United Parcel Service Class B | Add +1.7% | 0.40% | −0.10 |
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 |