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

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 Q2 2025 Q3 2025: $237.8M $237.8M Q3 2025 Q4 2025: $238.9M Q4 2025 Q1 2026: $239.0M Q1 2026 Q2 2026: $273.1M Q2 2026

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
PLD Prologis Inc. 0.24% 4,914 $563K Reduce -2.3%
PEG Public Service Enterprise GP 0.24% 6,700 $559K Add +0.2%
JPIN JPM Diversified Ret Intl Eq filed as J P MORGAN EXCHANGE TRADED F 0.23% 8,203 $546K Add +63.6%
NTNX Nutanix Inc. Class A 0.23% 7,200 $536K Reduce -6.1%
BMY Bristol-Myers Squibb Co. 0.22% 11,628 $524K No change
PAYX Paychex Inc. 0.22% 4,049 $513K Add +0.1%
SYK Stryker Corp. 0.21% 1,372 $507K No change
ROP Roper Technologies Inc. 0.20% 955 $476K Reduce -0.8%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.20% 4,292 $466K Reduce -0.2%
AON Aon PLC Class A 0.19% 1,300 $464K Reduce -7.7%
SBUX Starbucks Corp. 0.19% 5,472 $463K Reduce -3.7%
GNRC Generac Holdings Inc. 0.19% 2,655 $444K Add +0.4%
CCI Crown Castle Inc. 0.18% 4,420 $426K Reduce -73.1%
PFE Pfizer Inc. 0.17% 16,260 $414K Reduce -10.9%
SPYM Ste STR SPDR PT S&P 500 ETF 0.17% 5,266 $413K New
KTB Kontoor Brands Inc. 0.17% 4,999 $399K Add +0.1%
FTNT Fortinet Inc. 0.16% 4,655 $391K No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.16% 396 $377K No change
WTRG Essential Utilities Inc. 0.16% 9,440 $377K Add +0.5%
JPST JPMorgan Ultra-Short Income 0.16% 7,360 $373K Reduce -6.4%
VRIG Invesco Variable Rate Invest 0.16% 14,810 $372K Reduce -4.2%
MBBB Vaneck Moody's Analytics BBB 0.15% 16,481 $361K Reduce -8.6%
BDX Becton Dickinson and Co. 0.15% 1,926 $360K Reduce -14.6%
ORCL Oracle Corp. 0.15% 1,247 $351K No change
ULTA Ulta Beauty Inc. 0.15% 636 $348K Reduce -10.6%
INGR Ingredion Inc. 0.14% 2,792 $341K Add +0.4%
PYPL PayPal Holdings Inc. 0.14% 5,020 $337K Reduce -7.4%
TGT Target Corp. 0.14% 3,749 $336K Reduce -10.6%
FDX FedEx Corp. 0.14% 1,426 $336K No change
PSTL Postal Realty Trust Inc. Class A 0.14% 21,011 $330K Add +6.1%
SHOP Shopify Inc. Class A 0.14% 2,200 $327K No change
GSEW Goldman Sachs Eql WGHT Large 0.13% 3,567 $303K New
CRM Salesforce Inc. 0.13% 1,274 $302K Reduce -0.4%
VLTO Veralto Corp. 0.12% 2,731 $291K Reduce -2.1%
GH Guardant Health Inc. 0.12% 4,455 $278K Reduce -8.2%
ADBE Adobe Inc. 0.12% 782 $276K Reduce -1.8%
VFC VF Corp. 0.11% 18,315 $264K Add +4.2%
ADI Analog Devices Inc. 0.11% 1,061 $261K No change
COHR Coherent Corp. 0.11% 2,355 $254K Reduce -15.1%
NUE Nucor Corp. 0.11% 1,855 $251K Add +0.5%
MDY State Street SPDR S&P Midcap 0.10% 417 $249K Reduce -11.3%
AXP American Express Co. 0.10% 731 $243K No change
YELP Yelp Inc. 0.10% 7,653 $239K Reduce -63.3%
CB Chubb Ltd. 0.10% 802 $226K Reduce -1.2%
CRAI Cra International Inc. 0.09% 1,075 $224K No change
VRSN Verisign Inc. 0.09% 800 $224K No change
VTI VG Morningstar TS MKT ETF-US 0.09% 679 $223K No change
NEE Nextera Energy Inc. 0.09% 2,825 $213K New
FRDM Freedom 100 Emeging MRKT ETF 0.09% 4,810 $213K New
PLTR Palantir Technologies Inc. Class A 0.08% 1,105 $202K New

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

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