Norris Perne & French LLP

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 16, 2024), Norris Perne & French LLP reported 144 stock positions worth $1.4 billion. Its top holding was Microsoft (MSFT) at 7.0% of the portfolio, followed by Alphabet Class A (GOOGL, 4.5%) and Berkshire Hathaway Class B (BRK.B, 4.1%). Compared with Q4 2023, it opened 15 new positions, sold out of 5, added to 51 and reduced 47. The biggest buy was a new position in Tyler Technologies (TYL) and the biggest sale Costco Wholesale (COST, shares −80%).

Most Recent 13F
Q2 2026
Location
GRAND RAPIDS, MI
CIK
0001092290
Portfolio Value
$1.4B (Q1 2024)
SEC Filing
0001092290-24-000006 ↗ filed Apr 16, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.4B $1.4B Q1 2024 Q2 2024: $1.4B Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $1.4B Q4 2024 Q1 2025: $1.3B Q1 2025 Q2 2025: $1.4B Q2 2025 Q3 2025: $1.4B Q3 2025 Q4 2025: $1.5B Q4 2025 Q1 2026: $2.0B Q1 2026 Q2 2026: $2.3B Q2 2026

Holdings 144 stocks · $1.4B
MSFT Microsoft Corp. 7.03% 231,665 $97.5M Reduce -2.2%
GOOGL Alphabet Inc. Class A 4.54% 417,534 $63.0M Reduce -2.7%
BRK.B Berkshire Hathaway Inc. Class B 4.13% 136,159 $57.3M Reduce -1.9%
AMAT Applied Materials Inc. 2.99% 201,136 $41.5M Reduce -5.4%
ALSN Allison Transmission Holding 2.91% 497,483 $40.4M Reduce -1.5%
PWR Quanta Services Inc. 2.88% 153,844 $40.0M Reduce -1.3%
LIN Linde PLC 2.80% 83,670 $38.8M Reduce -1.5%
AMZN Amazon.com Inc. 2.63% 201,924 $36.4M Add +13.0%
CRL Charles River Laboratories 2.51% 128,630 $34.9M Reduce -2.5%
V Visa Inc. Class A 2.47% 122,754 $34.3M Reduce -0.0%
IVV iShares Core S&P 500 ETF 2.43% 64,103 $33.7M Reduce -2.3%
LNG Cheniere Energy Inc. 2.38% 204,614 $33.0M Add +1.3%
ECL Ecolab Inc. 2.25% 134,982 $31.2M Reduce -3.3%
SO The Southern Co. 2.03% 393,082 $28.2M Add +2.5%
MRK Merck & Co. Inc. 1.94% 203,716 $26.9M Add +0.3%
COHR Coherent Corp. 1.83% 418,753 $25.4M Reduce -6.1%
FAST Fastenal Co. 1.63% 293,207 $22.6M Reduce -1.5%
UNP Union Pacific Corp. 1.63% 91,748 $22.6M Add +1.5%
ADBE Adobe Inc. 1.60% 44,075 $22.2M Reduce -1.9%
HUBS HubSpot Inc. 1.53% 33,848 $21.2M Reduce -3.5%
MCO Moody's Corp. 1.51% 53,192 $20.9M Add +0.8%
TMO Thermo Fisher Scientific Inc. 1.50% 35,784 $20.8M Reduce -2.7%
LHX L3HARRIS Technologies Inc. 1.49% 96,757 $20.6M Add +1.0%
HD Home Depot Inc. 1.46% 52,865 $20.3M Add +0.6%
DHR Danaher Corp. 1.42% 78,772 $19.7M Add +2.1%
VRSK Verisk Analytics Inc. 1.41% 83,014 $19.6M Add +0.6%
MSI Motorola Solutions Inc. 1.40% 54,616 $19.4M Add +0.2%
BALL Ball Corp. 1.39% 286,412 $19.3M Reduce -0.9%
TXN Texas Instruments Inc. 1.35% 107,600 $18.7M Add +0.8%
KNX Knight-Swift Transportation 1.35% 339,311 $18.7M Add +1.6%
DLTR Dollar Tree Inc. 1.30% 135,676 $18.1M Add +1.9%
SSNC Ss&c Technologies Holdings 1.29% 279,097 $18.0M Add +24.9%
QLYS Qualys Inc. 1.29% 106,961 $17.8M Reduce -24.2%
DLB Dolby Laboratories Inc. Class A 1.26% 208,565 $17.5M Add +2.8%
EPAM Epam Systems Inc. 1.24% 62,175 $17.2M Add +53.9%
CTLT Catalent Inc. 1.24% 304,003 $17.2M Add +0.0%
JNJ Johnson & Johnson 1.22% 107,328 $17.0M Add +4.1%
ABT Abbott Laboratories 1.18% 144,344 $16.4M Add +1.2%
ITW Illinois Tool Works 1.17% 60,693 $16.3M Add +0.2%
KVUE Kenvue Inc. 1.17% 755,567 $16.2M Add +2.1%
TRMB Trimble Inc. 1.16% 250,468 $16.1M Add +1.7%
NDSN Nordson Corp. 1.16% 58,408 $16.0M Add +0.3%
KLAC KLA Corp. 1.12% 22,319 $15.6M Reduce -5.7%
IJH iShares Core S&P Midcap ETF 1.12% 255,814 $15.5M Add +1.7%
AAPL Apple Inc. 1.11% 90,193 $15.5M Reduce -2.8%
ZBRA Zebra Technologies Corp. Class A 1.08% 49,565 $14.9M Add +4.6%
CDW CDW Corp. 0.99% 53,942 $13.8M Reduce -0.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.96% 130,728 $13.3M Add +1.6%
VEA Vanguard Ftse Developed ETF 0.90% 249,454 $12.5M Reduce -4.2%
AVTR Avantor Inc. 0.88% 480,117 $12.3M Add +2.8%
IJR iShares Core S&P Small-Cap E 0.88% 111,063 $12.3M Add +3.7%
NKE Nike Inc. Class B 0.71% 104,997 $9.9M Add +3.1%
TYL Tyler Technologies Inc. 0.63% 20,481 $8.7M New
MKTX Marketaxess Holdings Inc. 0.55% 34,876 $7.6M Add +5.1%
IWV iShares Russell 3000 ETF 0.49% 22,870 $6.9M No change
VWO Vanguard Ftse Emerging Marke 0.40% 131,966 $5.5M Reduce -0.7%
COST Costco Wholesale Corp. 0.39% 7,399 $5.4M Reduce -79.9%
IWD iShares Russell 1000 Value E 0.38% 29,244 $5.2M Reduce -2.3%
VUG Vanguard Mrngstar GR ETF-Sui 0.34% 13,523 $4.7M Reduce -1.5%
GOOG Alphabet Inc. Class C 0.32% 29,366 $4.5M Reduce -7.1%
EFG iShares MSCI Eafe Growth ETF 0.30% 39,870 $4.1M Reduce -0.8%
CCC CCC Intelligent Solutions Ho 0.22% 257,870 $3.1M New
WM Waste Management Inc. 0.19% 12,633 $2.7M Add +200.0%
JPM JPMorgan Chase & Co. 0.16% 10,979 $2.2M Reduce -0.4%
IWF iShares Russell 1000 Growth 0.16% 6,416 $2.2M Add +2.5%
CPRT Copart Inc. 0.13% 31,166 $1.8M No change
NVDA Nvidia Corp. 0.10% 1,610 $1.5M Reduce -6.4%
PEP Pepsico Inc. 0.08% 6,485 $1.1M Add +13.7%
VEU Vanguard Ftse All-World Ex-U 0.08% 18,072 $1.1M No change
IAU iShares Gold Trust 0.07% 24,585 $1.0M Reduce -1.1%
SYK Stryker Corp. 0.07% 2,689 $962K Add +3.6%
FBND Fidelity Total Bond ETF 0.07% 20,455 $927K Add +20.2%
F Ford Motor Co. filed as FORD MTR CO DEL 0.06% 66,493 $883K Reduce -1.6%
GNTX Gentex Corp. 0.06% 21,994 $794K No change
CHD Church & Dwight Co. Inc. 0.06% 7,600 $793K No change
ORCL Oracle Corp. 0.05% 6,065 $762K Add +15.7%
KO The Coca-Cola Co. 0.05% 11,430 $699K Add +5.4%
PAYX Paychex Inc. 0.05% 5,455 $670K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.05% 3,486 $666K Add +1.5%
NSC Norfolk Southern Corp. 0.05% 2,590 $660K Reduce -3.7%
LECO Lincoln Electric Holdings 0.05% 2,580 $659K No change
BRK.A Berkshire Hathaway Inc. Class A 0.05% 1 $634K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.04% 1,188 $621K Reduce -2.7%
WMT Walmart Inc. 0.04% 10,257 $617K Add +13.3%
NFLX Netflix Inc. 0.04% 975 $592K No change
ISRG Intuitive Surgical Inc. 0.04% 1,441 $575K Add +4.2%
XOM Exxon Mobil Corp. 0.04% 4,811 $559K Add +17.1%
COP Conocophillips 0.04% 4,364 $555K No change
IWY iShares Russell Top 200 Grow 0.04% 2,800 $546K No change
PG The Procter & Gamble Co. 0.04% 3,145 $510K Add +26.3%
ITOT iShares Core S&P Total U.S. 0.04% 4,215 $486K Reduce -1.2%
FLTB Fidelity Ltd. TRM BND ETF 0.04% 9,894 $485K Reduce -87.2%
ABBV Abbvie Inc. 0.04% 2,663 $485K Reduce -8.1%
MA Mastercard Inc. Class A 0.03% 959 $462K Add +3.5%
VB Vanguard Most SM-Cap ETF-Usd 0.03% 1,990 $455K No change
LKQ LKQ Corp. 0.03% 8,400 $449K No change
RTX RTX Corp. 0.03% 4,393 $428K Add +21.9%
VNQ Vanguard Real Estate ETF 0.03% 4,790 $414K Add +1.9%
LMT Lockheed Martin Corp. 0.03% 905 $412K No change
APH Amphenol Corp. Class A 0.03% 3,462 $399K Reduce -6.5%
DUK Duke Energy Corp. 0.03% 4,086 $395K No change
IJK iShares S&P Mid-Cap 400 Grow 0.03% 4,288 $391K Reduce -4.5%
SBUX Starbucks Corp. 0.03% 4,253 $389K Add +3.3%
CVX Chevron Corp. 0.03% 2,437 $384K Add +14.5%
FCOR Fidelity Corporate Bond ETF 0.03% 8,193 $381K Add +15.1%
PH Parker Hannifin Corp. 0.03% 685 $381K Reduce -13.9%
AON Aon PLC Class A 0.03% 1,140 $380K No change
MRSH Marsh & McLennan Cos 0.03% 1,802 $371K Add +2.6%
VT Vanguard Tot World STK ETF 0.03% 3,195 $353K No change
CSCO Cisco Systems Inc. 0.02% 6,927 $346K No change
IEFA iShares Core MSCI Eafe ETF 0.02% 4,378 $325K New
LLY Eli Lilly & Co. 0.02% 408 $318K New
CSX CSX Corp. 0.02% 8,486 $315K No change
VZ Verizon Communications Inc. 0.02% 7,485 $314K Reduce -25.9%
SPHQ Invesco S&P 500 Quality ETF 0.02% 5,152 $311K New
FITB Fifth Third Bancorp 0.02% 8,251 $307K Reduce -3.5%
FISV Fiserv Inc. 0.02% 1,818 $291K No change
CNI Canadian Natl Railway Co. 0.02% 2,120 $279K Reduce -12.3%
HUBB Hubbell Inc. 0.02% 664 $276K New
QCOM Qualcomm Inc. 0.02% 1,614 $273K No change
NVS Novartis AG-Sponsored ADR 0.02% 2,797 $271K Reduce -16.8%
MCD McDonald's Corp. 0.02% 952 $268K New
FRME First Merchants Corp. 0.02% 7,544 $263K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.02% 1,048 $251K New
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.02% 4,524 $248K Add +7.4%
DOV Dover Corp. 0.02% 1,375 $244K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.02% 962 $240K New
DEO Diageo PLC-Sponsored ADR 0.02% 1,555 $231K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.02% 1,419 $231K New
QQQ Invesco QQQ Trust Series 1 0.02% 510 $226K Reduce -21.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 5,962 $226K Reduce -0.5%
ADP Automatic Data Processing 0.02% 901 $225K New
SPYV SS SPDR P S&P 500 Value ETF 0.02% 4,451 $223K No change
MDLZ Mondelez International Inc. Class A 0.02% 3,094 $217K Reduce -9.5%
ED Consolidated Edison Inc. 0.02% 2,384 $216K No change
PPG PPG Industries Inc. 0.02% 1,488 $216K New
ACWX iShares MSCI Acwi Ex US ETF 0.02% 4,022 $215K No change
ASML ASML Holding NV-NY Reg SHS 0.02% 218 $212K New
WEC WEC Energy Group Inc. 0.01% 2,542 $209K No change
GLD SPDR Gold Shares 0.01% 1,012 $208K New
NVO Novo-Nordisk A/S-Spons ADR 0.01% 1,574 $202K New
MCBC Macatawa Bank Corp. 0.01% 17,008 $167K No change
OPK Opko Health Inc. 0.00% 25,000 $30K No change
BLUEBIRD BIO INC 0.00% 10,000 $13K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $7.2M (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 5,485$6.7MReduce -2.4%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 428$511KNo change

Total filed on the 13F, all lines: $1.4B.

Portfolio Sells Q4 2023 → Q1 2024
COST Costco Wholesale Corp. Reduce -79.9% 0.39% −1.50
QLYS Qualys Inc. Reduce -24.2% 1.29% −0.87
ADBE Adobe Inc. Reduce -1.9% 1.60% −0.48
AAPL Apple Inc. Reduce -2.8% 1.11% −0.28
FLTB Fidelity Ltd. TRM BND ETF Reduce -87.2% 0.04% −0.26
GOOGL Alphabet Inc. Class A Reduce -2.7% 4.54% −0.12
VEA Vanguard Ftse Developed ETF Reduce -4.2% 0.90% −0.07
HUBS HubSpot Inc. Reduce -3.5% 1.53% −0.06
VWO Vanguard Ftse Emerging Marke Reduce -0.7% 0.40% −0.03
GOOG Alphabet Inc. Class C Reduce -7.1% 0.32% −0.02
VTI VG Morningstar TS MKT ETF-US Sold out 0.00% −0.02
MLKN Millerknoll Inc. Sold out 0.00% −0.02
TMO Thermo Fisher Scientific Inc. Reduce -2.7% 1.50% −0.02
FE Firstenergy Corp. Sold out 0.00% −0.02
V Visa Inc. Class A Reduce -0.0% 2.47% −0.02
BNDX Vanguard Total Intl Bond ETF Sold out 0.00% −0.02
VLO Valero Energy Corp. Sold out 0.00% −0.02
IVV iShares Core S&P 500 ETF Reduce -2.3% 2.43% −0.01
IWD iShares Russell 1000 Value E Reduce -2.3% 0.38% −0.01
VZ Verizon Communications Inc. Reduce -25.9% 0.02% −0.01
NVS Novartis AG-Sponsored ADR Reduce -16.8% 0.02% −0.01
EFG iShares MSCI Eafe Growth ETF Reduce -0.8% 0.30% −0.00
QQQ Invesco QQQ Trust Series 1 Reduce -21.3% 0.02% −0.00
MDLZ Mondelez International Inc. Class A Reduce -9.5% 0.02% −0.00
CNI Canadian Natl Railway Co. Reduce -12.3% 0.02% −0.00
NSC Norfolk Southern Corp. Reduce -3.7% 0.05% −0.00
PH Parker Hannifin Corp. Reduce -13.9% 0.03% −0.00
IAU iShares Gold Trust Reduce -1.1% 0.07% −0.00
FITB Fifth Third Bancorp Reduce -3.5% 0.02% −0.00
F Ford Motor Co. Reduce -1.6% 0.06% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -2.7% 0.04% −0.00
ABBV Abbvie Inc. Reduce -8.1% 0.04% 0.00
ITOT iShares Core S&P Total U.S. Reduce -1.2% 0.04% +0.00
APH Amphenol Corp. Class A Reduce -6.5% 0.03% +0.00
IJK iShares S&P Mid-Cap 400 Grow Reduce -4.5% 0.03% +0.00
BAC Bank of America Corp. Reduce -0.5% 0.02% +0.00
VUG Vanguard Mrngstar GR ETF-Sui Reduce -1.5% 0.34% +0.00
JPM JPMorgan Chase & Co. Reduce -0.4% 0.16% +0.01
CDW CDW Corp. Reduce -0.3% 0.99% +0.04
NVDA Nvidia Corp. Reduce -6.4% 0.10% +0.04
KLAC KLA Corp. Reduce -5.7% 1.12% +0.05
CRL Charles River Laboratories Reduce -2.5% 2.51% +0.08
LIN Linde PLC Reduce -1.5% 2.80% +0.09
ECL Ecolab Inc. Reduce -3.3% 2.25% +0.09
MSFT Microsoft Corp. Reduce -2.2% 7.03% +0.10
BALL Ball Corp. Reduce -0.9% 1.39% +0.10
FAST Fastenal Co. Reduce -1.5% 1.63% +0.13
PWR Quanta Services Inc. Reduce -1.3% 2.88% +0.26
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.9% 4.13% +0.27
AMAT Applied Materials Inc. Reduce -5.4% 2.99% +0.31

Portfolio Buys Q4 2023 → Q1 2024
TYL Tyler Technologies Inc. New 0.63% +0.63
AMZN Amazon.com Inc. Add +13.0% 2.63% +0.51
EPAM Epam Systems Inc. Add +53.9% 1.24% +0.30
SSNC Ss&c Technologies Holdings Add +24.9% 1.29% +0.23
CCC CCC Intelligent Solutions Ho New 0.22% +0.22
MRK Merck & Co. Inc. Add +0.3% 1.94% +0.21
CTLT Catalent Inc. Add +0.0% 1.24% +0.17
TRMB Trimble Inc. Add +1.7% 1.16% +0.14
WM Waste Management Inc. Add +200.0% 0.19% +0.14
MSI Motorola Solutions Inc. Add +0.2% 1.40% +0.07
ZBRA Zebra Technologies Corp. Class A Add +4.6% 1.08% +0.07
AVTR Avantor Inc. Add +2.8% 0.88% +0.06
HD Home Depot Inc. Add +0.6% 1.46% +0.04
IJH iShares Core S&P Midcap ETF Add +1.7% 1.12% +0.04
DHR Danaher Corp. Add +2.1% 1.42% +0.03
IEFA iShares Core MSCI Eafe ETF New 0.02% +0.02
LLY Eli Lilly & Co. New 0.02% +0.02
SPHQ Invesco S&P 500 Quality ETF New 0.02% +0.02
HUBB Hubbell Inc. New 0.02% +0.02
MCD McDonald's Corp. New 0.02% +0.02
VV Vngrd Mrgstr LRG-Cap ETF-Usd New 0.02% +0.02
VO Vngrd Mrngstr MD-Cap ETF-Usd New 0.02% +0.02
VTV Vanguard Mrngstr Val ETF-Aui New 0.02% +0.02
ADP Automatic Data Processing New 0.02% +0.02
TJX TJX Companies Inc. Add +1.6% 0.96% +0.02
PPG PPG Industries Inc. New 0.02% +0.02
ASML ASML Holding NV-NY Reg SHS New 0.02% +0.02
GLD SPDR Gold Shares New 0.01% +0.01
NVO Novo-Nordisk A/S-Spons ADR New 0.01% +0.01
ORCL Oracle Corp. Add +15.7% 0.05% +0.01
SYK Stryker Corp. Add +3.6% 0.07% +0.01
XOM Exxon Mobil Corp. Add +17.1% 0.04% +0.01
PG The Procter & Gamble Co. Add +26.3% 0.04% +0.01
IWF iShares Russell 1000 Growth Add +2.5% 0.16% +0.01
WMT Walmart Inc. Add +13.3% 0.04% +0.01
RTX RTX Corp. Add +21.9% 0.03% +0.01
PEP Pepsico Inc. Add +13.7% 0.08% +0.01
FBND Fidelity Total Bond ETF Add +20.2% 0.07% +0.01
ISRG Intuitive Surgical Inc. Add +4.2% 0.04% +0.01
IBM Intl Business Machines Corp. Add +1.5% 0.05% +0.00
CVX Chevron Corp. Add +14.5% 0.03% +0.00
MA Mastercard Inc. Class A Add +3.5% 0.03% +0.00
FCOR Fidelity Corporate Bond ETF Add +15.1% 0.03% +0.00
MRSH Marsh & McLennan Cos Add +2.6% 0.03% +0.00
SLB SLB Ltd. Add +7.4% 0.02% +0.00
KO The Coca-Cola Co. Add +5.4% 0.05% +0.00
VNQ Vanguard Real Estate ETF Add +1.9% 0.03% −0.00
SBUX Starbucks Corp. Add +3.3% 0.03% −0.00
IJR iShares Core S&P Small-Cap E Add +3.7% 0.88% −0.02
JNJ Johnson & Johnson Add +4.1% 1.22% −0.03

Notes & Other Activity Q4 2023 → Q1 2024
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -2.4% 5,485 $6.7M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 155$2.3BNPFE, MSFT, AMAT, GOOGL, TSM
Q1 2026Amended 156$2.0BNPFE, MSFT, GOOGL, COHR, AMAT
Q4 2025 162$1.5BMSFT, GOOGL, COHR, AMZN, AMAT
Q3 2025 163$1.4BMSFT, GOOGL, AMZN, BRK.B, V
Q2 2025 152$1.4BMSFT, AMZN, GOOGL, V, BRK.B
Q1 2025 140$1.3BMSFT, GOOGL, BRK.B, V, AMZN
Q4 2024 140$1.4BMSFT, GOOGL, AMZN, BRK.B, LNG
Q3 2024 144$1.5BMSFT, GOOGL, BRK.B, AMZN, LIN
Q2 2024 142$1.4BMSFT, GOOGL, BRK.B, AMAT, AMZN
Q1 2024 144$1.4BMSFT, GOOGL, BRK.B, AMAT, ALSN