Norris Perne & French LLP

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 28, 2024), Norris Perne & French LLP reported 144 stock positions worth $1.5 billion. Its top holding was Microsoft (MSFT) at 6.7% of the portfolio, followed by Alphabet Class A (GOOGL, 4.8%) and Berkshire Hathaway Class B (BRK.B, 4.2%). Compared with Q2 2024, it opened 6 new positions, sold out of 4, added to 42 and reduced 49. The biggest buy was Sherwin-Williams (SHW, shares +110%) and the biggest sale an exit from Dollar Tree (DLTR).

Most Recent 13F
Q2 2026
Location
GRAND RAPIDS, MI
CIK
0001092290
Portfolio Value
$1.5B (Q3 2024)
SEC Filing
0001092290-24-000011 ↗ filed Oct 28, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.4B Q1 2024 Q2 2024: $1.4B Q2 2024 Q3 2024: $1.5B $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 · $1.5B
MSFT Microsoft Corp. 6.70% 225,912 $97.2M Reduce -1.7%
GOOGL Alphabet Inc. Class A 4.78% 418,256 $69.4M Add +1.0%
BRK.B Berkshire Hathaway Inc. Class B 4.24% 133,679 $61.5M Reduce -0.8%
AMZN Amazon.com Inc. 2.80% 218,195 $40.7M Add +8.2%
LIN Linde PLC 2.72% 82,912 $39.5M Reduce -0.4%
AMAT Applied Materials Inc. 2.66% 191,405 $38.7M Reduce -2.5%
IVV iShares Core S&P 500 ETF 2.61% 65,576 $37.8M Add +2.4%
LNG Cheniere Energy Inc. 2.52% 203,100 $36.5M Reduce -0.9%
COHR Coherent Corp. 2.44% 398,590 $35.4M Reduce -4.8%
V Visa Inc. Class A 2.37% 125,003 $34.4M Add +1.1%
ECL Ecolab Inc. 2.31% 131,048 $33.5M Reduce -2.6%
ALSN Allison Transmission Holding 2.10% 316,594 $30.4M Reduce -0.7%
JNJ Johnson & Johnson 2.09% 187,222 $30.3M Add +21.4%
MRK Merck & Co. Inc. 1.99% 254,887 $28.9M Add +25.5%
TRMB Trimble Inc. 1.83% 428,605 $26.6M Add +65.2%
SHW The Sherwin-Williams Co. 1.79% 68,005 $26.0M Add +110.4%
ABT Abbott Laboratories 1.78% 226,216 $25.8M Reduce -1.1%
CRL Charles River Laboratories 1.76% 130,002 $25.6M Reduce -0.4%
MCO Moody's Corp. 1.71% 52,384 $24.9M Reduce -1.2%
ADBE Adobe Inc. 1.62% 45,291 $23.5M Add +0.5%
LHX L3HARRIS Technologies Inc. 1.59% 96,853 $23.0M Reduce -0.6%
PWR Quanta Services Inc. 1.58% 77,123 $23.0M Reduce -16.9%
UNP Union Pacific Corp. 1.58% 92,893 $22.9M Add +0.7%
DHR Danaher Corp. 1.57% 82,095 $22.8M Add +1.2%
MSI Motorola Solutions Inc. 1.54% 49,641 $22.3M Reduce -9.3%
TMO Thermo Fisher Scientific Inc. 1.52% 35,765 $22.1M Reduce -0.8%
HD Home Depot Inc. 1.49% 53,244 $21.6M Reduce -0.6%
FAST Fastenal Co. 1.46% 295,786 $21.1M Add +0.2%
SO The Southern Co. 1.43% 230,566 $20.8M Reduce -41.2%
SSNC Ss&c Technologies Holdings 1.40% 273,516 $20.3M Reduce -2.8%
KNX Knight-Swift Transportation 1.34% 360,211 $19.4M Add +1.9%
BALL Ball Corp. 1.34% 285,965 $19.4M Reduce -0.2%
AAPL Apple Inc. 1.31% 81,627 $19.0M Reduce -4.0%
HUBS HubSpot Inc. 1.31% 35,772 $19.0M Add +4.8%
ZBRA Zebra Technologies Corp. Class A 1.28% 49,995 $18.5M Reduce -2.3%
TXN Texas Instruments Inc. 1.17% 82,317 $17.0M Reduce -23.2%
CTLT Catalent Inc. 1.15% 274,761 $16.6M Reduce -10.0%
IJH iShares Core S&P Midcap ETF 1.14% 265,370 $16.5M Add +1.9%
KVUE Kenvue Inc. 1.13% 709,359 $16.4M Add +28.0%
VRSK Verisk Analytics Inc. 1.12% 60,763 $16.3M Reduce -14.1%
KLAC KLA Corp. 1.12% 21,000 $16.3M Reduce -4.1%
ITW Illinois Tool Works 1.10% 61,127 $16.0M Reduce -1.1%
NDSN Nordson Corp. 1.08% 59,703 $15.7M Reduce -0.2%
PCAR Paccar Inc. 1.06% 156,499 $15.4M Add +64.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.06% 131,055 $15.4M Reduce -0.4%
QLYS Qualys Inc. 1.01% 113,818 $14.6M Add +3.5%
IJR iShares Core S&P Small-Cap E 0.94% 116,352 $13.6M Add +1.6%
EPAM Epam Systems Inc. 0.92% 67,316 $13.4M Add +28.1%
VEA Vanguard Ftse Developed ETF 0.92% 253,222 $13.4M Add +1.1%
AVTR Avantor Inc. 0.88% 491,696 $12.7M Add +0.6%
CDW CDW Corp. 0.85% 54,814 $12.4M Add +1.0%
TYL Tyler Technologies Inc. 0.82% 20,369 $11.9M Reduce -4.8%
MKTX Marketaxess Holdings Inc. 0.65% 37,054 $9.5M Add +2.2%
NKE Nike Inc. Class B 0.65% 106,535 $9.4M Reduce -0.7%
DLB Dolby Laboratories Inc. Class A 0.55% 104,351 $8.0M Reduce -4.0%
IWV iShares Russell 3000 ETF 0.51% 22,870 $7.5M No change
VWO Vanguard Ftse Emerging Marke 0.44% 134,291 $6.4M Add +1.1%
COST Costco Wholesale Corp. 0.39% 6,345 $5.6M Reduce -4.7%
VUG Vanguard Mrngstar GR ETF-Sui 0.36% 13,654 $5.2M Add +0.6%
IWD iShares Russell 1000 Value E 0.34% 26,365 $5.0M No change
EFG iShares MSCI Eafe Growth ETF 0.31% 41,261 $4.4M Add +2.0%
GOOG Alphabet Inc. Class C 0.29% 25,324 $4.2M Reduce -13.0%
CCC CCC Intelligent Solutions Ho 0.26% 341,367 $3.8M Add +10.3%
JPM JPMorgan Chase & Co. 0.19% 13,026 $2.7M Add +17.9%
WM Waste Management Inc. 0.17% 11,981 $2.5M No change
IWF iShares Russell 1000 Growth 0.17% 6,416 $2.4M No change
NVDA Nvidia Corp. 0.12% 14,917 $1.8M Reduce -3.7%
CPRT Copart Inc. 0.11% 31,166 $1.6M No change
FBND Fidelity Total Bond ETF 0.09% 29,461 $1.4M Add +29.5%
WTFC Wintrust Financial Corp. 0.09% 12,462 $1.4M New
VEU Vanguard Ftse All-World Ex-U 0.08% 17,582 $1.1M No change
SYK Stryker Corp. 0.07% 2,689 $971K No change
PEP Pepsico Inc. 0.07% 5,568 $947K Add +0.2%
ORCL Oracle Corp. 0.06% 5,391 $919K Reduce -4.8%
IAU iShares Gold Trust 0.06% 18,302 $910K No change
WMT Walmart Inc. 0.06% 10,342 $835K Add +1.7%
PG The Procter & Gamble Co. 0.06% 4,744 $822K Add +58.9%
KO The Coca-Cola Co. 0.06% 11,324 $814K Reduce -0.1%
CHD Church & Dwight Co. Inc. 0.05% 7,600 $796K No change
ISRG Intuitive Surgical Inc. 0.05% 1,492 $733K No change
PAYX Paychex Inc. 0.05% 5,455 $732K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.05% 3,136 $693K Reduce -1.6%
NFLX Netflix Inc. 0.05% 975 $692K No change
BRK.A Berkshire Hathaway Inc. Class A 0.05% 1 $691K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.05% 1,203 $690K Add +1.3%
F Ford Motor Co. filed as FORD MTR CO 0.05% 65,337 $690K Add +1.2%
NSC Norfolk Southern Corp. 0.04% 2,590 $644K No change
GNTX Gentex Corp. 0.04% 21,034 $624K No change
IWY iShares Russell Top 200 Grow 0.04% 2,800 $616K No change
XOM Exxon Mobil Corp. 0.04% 5,241 $614K Reduce -15.7%
FLTB Fidelity Ltd. TRM BND ETF 0.04% 11,142 $561K Add +8.7%
RTX RTX Corp. 0.04% 4,533 $549K No change
ABBV Abbvie Inc. 0.04% 2,747 $542K Add +2.2%
LMT Lockheed Martin Corp. 0.04% 911 $533K Add +0.7%
ITOT iShares Core S&P Total U.S. 0.04% 4,170 $524K Reduce -75.7%
MA Mastercard Inc. Class A 0.03% 1,014 $501K Reduce -1.1%
LECO Lincoln Electric Holdings 0.03% 2,580 $495K No change
VB Vanguard Most SM-Cap ETF-Usd 0.03% 1,990 $472K No change
COP Conocophillips 0.03% 4,364 $459K No change
VNQ Vanguard Real Estate ETF 0.03% 4,700 $458K No change
FCOR Fidelity Corporate Bond ETF 0.03% 9,006 $435K No change
PH Parker Hannifin Corp. 0.03% 685 $433K No change
SBUX Starbucks Corp. 0.03% 4,316 $421K No change
MRSH Marsh & McLennan Cos 0.03% 1,802 $402K No change
LLY Eli Lilly & Co. 0.03% 446 $395K No change
APH Amphenol Corp. Class A 0.03% 5,924 $386K Reduce -14.4%
IJK iShares S&P Mid-Cap 400 Grow 0.03% 4,178 $384K Reduce -2.0%
VT Vanguard Tot World STK ETF 0.03% 3,195 $382K No change
DUK Duke Energy Corp. 0.03% 3,271 $377K Reduce -5.1%
AON Aon PLC Class A 0.03% 1,070 $370K No change
FITB Fifth Third Bancorp 0.02% 8,251 $353K No change
IEFA iShares Core MSCI Eafe ETF 0.02% 4,378 $342K No change
LKQ LKQ Corp. 0.02% 8,400 $335K No change
FISV Fiserv Inc. 0.02% 1,818 $327K No change
CSCO Cisco Systems Inc. 0.02% 5,702 $303K Reduce -1.7%
CVX Chevron Corp. 0.02% 2,055 $303K Reduce -13.0%
CSX CSX Corp. 0.02% 8,486 $293K No change
VZ Verizon Communications Inc. 0.02% 6,354 $285K Add +0.0%
HUBB Hubbell Inc. 0.02% 664 $284K No change
NVS Novartis AG-Sponsored ADR 0.02% 2,432 $280K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.02% 1,048 $276K No change
QCOM Qualcomm Inc. 0.02% 1,614 $274K No change
NVO Novo-Nordisk A/S-Spons ADR 0.02% 2,220 $264K Add +41.0%
DOV Dover Corp. 0.02% 1,375 $264K No change
FRME First Merchants Corp. 0.02% 6,834 $254K Reduce -9.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.02% 962 $254K No change
QQQ Invesco QQQ Trust Series 1 0.02% 510 $249K No change
ED Consolidated Edison Inc. 0.02% 2,384 $248K No change
WEC WEC Energy Group Inc. 0.02% 2,542 $244K New
TSM Taiwan Semiconductor-SP ADR 0.02% 1,373 $238K No change
CNI Canadian Natl Railway Co. 0.02% 2,015 $236K No change
SPYV SS SPDR P S&P 500 Value ETF 0.02% 4,451 $235K No change
GLD SPDR Gold Shares 0.02% 960 $233K Reduce -5.1%
VOO Vanguard S&P 500 ETF 0.02% 430 $227K New
MDLZ Mondelez International Inc. Class A 0.02% 3,074 $226K No change
OGE Oge Energy Corp. 0.01% 5,280 $217K New
MAR Marriott International Class A 0.01% 864 $215K No change
AFL Aflac Inc. 0.01% 1,920 $215K New
ADP Automatic Data Processing 0.01% 772 $214K Reduce -9.9%
ASML ASML Holding NV-NY Reg SHS 0.01% 253 $211K Add +16.1%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.01% 488 $206K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.01% 5,050 $200K Reduce -5.9%
OPK Opko Health Inc. 0.00% 27,000 $40K Add +8.0%
BLUEBIRD BIO INC 0.00% 10,000 $5K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $6.9M (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 4,931$6.3MReduce -7.9%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 428$545KNo change

Total filed on the 13F, all lines: $1.5B.

Portfolio Sells Q2 2024 → Q3 2024
DLTR Dollar Tree Inc. Sold out 0.00% −1.06
SO The Southern Co. Reduce -41.2% 1.43% −0.78
MSFT Microsoft Corp. Reduce -1.7% 6.70% −0.77
AMAT Applied Materials Inc. Reduce -2.5% 2.66% −0.70
TXN Texas Instruments Inc. Reduce -23.2% 1.17% −0.34
VRSK Verisk Analytics Inc. Reduce -14.1% 1.12% −0.26
CRL Charles River Laboratories Reduce -0.4% 1.76% −0.20
KLAC KLA Corp. Reduce -4.1% 1.12% −0.19
PWR Quanta Services Inc. Reduce -16.9% 1.58% −0.13
ITOT iShares Core S&P Total U.S. Reduce -75.7% 0.04% −0.11
CTLT Catalent Inc. Reduce -10.0% 1.15% −0.10
GOOG Alphabet Inc. Class C Reduce -13.0% 0.29% −0.10
LNG Cheniere Energy Inc. Reduce -0.9% 2.52% −0.09
DLB Dolby Laboratories Inc. Class A Reduce -4.0% 0.55% −0.08
COST Costco Wholesale Corp. Reduce -4.7% 0.39% −0.02
ECL Ecolab Inc. Reduce -2.6% 2.31% −0.02
SLB SLB Ltd. Sold out 0.00% −0.02
MCBC Macatawa Bank Corp. Sold out 0.00% −0.01
MLKN Millerknoll Inc. Sold out 0.00% −0.01
NVDA Nvidia Corp. Reduce -3.7% 0.12% −0.01
XOM Exxon Mobil Corp. Reduce -15.7% 0.04% −0.01
APH Amphenol Corp. Class A Reduce -14.4% 0.03% −0.01
CVX Chevron Corp. Reduce -13.0% 0.02% −0.01
LHX L3HARRIS Technologies Inc. Reduce -0.6% 1.59% −0.00
BAC Bank of America Corp. Reduce -5.9% 0.01% −0.00
IJK iShares S&P Mid-Cap 400 Grow Reduce -2.0% 0.03% −0.00
FRME First Merchants Corp. Reduce -9.4% 0.02% −0.00
ADP Automatic Data Processing Reduce -9.9% 0.01% −0.00
GLD SPDR Gold Shares Reduce -5.1% 0.02% +0.00
CSCO Cisco Systems Inc. Reduce -1.7% 0.02% +0.00
DUK Duke Energy Corp. Reduce -5.1% 0.03% +0.00
MSI Motorola Solutions Inc. Reduce -9.3% 1.54% +0.00
MA Mastercard Inc. Class A Reduce -1.1% 0.03% +0.00
KO The Coca-Cola Co. Reduce -0.1% 0.06% +0.00
ORCL Oracle Corp. Reduce -4.8% 0.06% +0.01
IBM Intl Business Machines Corp. Reduce -1.6% 0.05% +0.01
AAPL Apple Inc. Reduce -4.0% 1.31% +0.01
TJX TJX Companies Inc. Reduce -0.4% 1.06% +0.01
TYL Tyler Technologies Inc. Reduce -4.8% 0.82% +0.04
ITW Illinois Tool Works Reduce -1.1% 1.10% +0.04
ABT Abbott Laboratories Reduce -1.1% 1.78% +0.05
NKE Nike Inc. Class B Reduce -0.7% 0.65% +0.06
LIN Linde PLC Reduce -0.4% 2.72% +0.07
NDSN Nordson Corp. Reduce -0.2% 1.08% +0.07
TMO Thermo Fisher Scientific Inc. Reduce -0.8% 1.52% +0.07
BALL Ball Corp. Reduce -0.2% 1.34% +0.09
MCO Moody's Corp. Reduce -1.2% 1.71% +0.09
SSNC Ss&c Technologies Holdings Reduce -2.8% 1.40% +0.12
ZBRA Zebra Technologies Corp. Class A Reduce -2.3% 1.28% +0.13
HD Home Depot Inc. Reduce -0.6% 1.49% +0.15

Portfolio Buys Q2 2024 → Q3 2024
SHW The Sherwin-Williams Co. Add +110.4% 1.79% +1.09
TRMB Trimble Inc. Add +65.2% 1.83% +0.78
JNJ Johnson & Johnson Add +21.4% 2.09% +0.45
KVUE Kenvue Inc. Add +28.0% 1.13% +0.40
PCAR Paccar Inc. Add +64.8% 1.06% +0.35
EPAM Epam Systems Inc. Add +28.1% 0.92% +0.20
MRK Merck & Co. Inc. Add +25.5% 1.99% +0.17
MKTX Marketaxess Holdings Inc. Add +2.2% 0.65% +0.13
AVTR Avantor Inc. Add +0.6% 0.88% +0.12
FAST Fastenal Co. Add +0.2% 1.46% +0.11
DHR Danaher Corp. Add +1.2% 1.57% +0.10
WTFC Wintrust Financial Corp. New 0.09% +0.09
UNP Union Pacific Corp. Add +0.7% 1.58% +0.06
IVV iShares Core S&P 500 ETF Add +2.4% 2.61% +0.06
KNX Knight-Swift Transportation Add +1.9% 1.34% +0.06
IJR iShares Core S&P Small-Cap E Add +1.6% 0.94% +0.05
IJH iShares Core S&P Midcap ETF Add +1.9% 1.14% +0.03
JPM JPMorgan Chase & Co. Add +17.9% 0.19% +0.03
VEA Vanguard Ftse Developed ETF Add +1.1% 0.92% +0.02
PG The Procter & Gamble Co. Add +58.9% 0.06% +0.02
FBND Fidelity Total Bond ETF Add +29.5% 0.09% +0.02
VWO Vanguard Ftse Emerging Marke Add +1.1% 0.44% +0.02
WEC WEC Energy Group Inc. New 0.02% +0.02
VOO Vanguard S&P 500 ETF New 0.02% +0.02
OGE Oge Energy Corp. New 0.01% +0.01
AFL Aflac Inc. New 0.01% +0.01
DIA SS SPDR Dow Jones Indus Avg New 0.01% +0.01
CCC CCC Intelligent Solutions Ho Add +10.3% 0.26% +0.01
V Visa Inc. Class A Add +1.1% 2.37% +0.01
WMT Walmart Inc. Add +1.7% 0.06% +0.01
LMT Lockheed Martin Corp. Add +0.7% 0.04% +0.01
EFG iShares MSCI Eafe Growth ETF Add +2.0% 0.31% +0.01
ABBV Abbvie Inc. Add +2.2% 0.04% +0.00
FLTB Fidelity Ltd. TRM BND ETF Add +8.7% 0.04% +0.00
NVO Novo-Nordisk A/S-Spons ADR Add +41.0% 0.02% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +1.3% 0.05% +0.00
VZ Verizon Communications Inc. Add +0.0% 0.02% +0.00
OPK Opko Health Inc. Add +8.0% 0.00% +0.00
PEP Pepsico Inc. Add +0.2% 0.07% −0.00
ASML ASML Holding NV-NY Reg SHS Add +16.1% 0.01% −0.00
VUG Vanguard Mrngstar GR ETF-Sui Add +0.6% 0.36% −0.01
F Ford Motor Co. Add +1.2% 0.05% −0.01
CDW CDW Corp. Add +1.0% 0.85% −0.03
AMZN Amazon.com Inc. Add +8.2% 2.80% −0.03
QLYS Qualys Inc. Add +3.5% 1.01% −0.13
HUBS HubSpot Inc. Add +4.8% 1.31% −0.15
ADBE Adobe Inc. Add +0.5% 1.62% −0.20
GOOGL Alphabet Inc. Class A Add +1.0% 4.78% −0.70

Notes & Other Activity Q2 2024 → Q3 2024
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -7.9% 4,931 $6.3M

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