Norris Perne & French LLP

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 23, 2025), Norris Perne & French LLP reported 140 stock positions worth $1.4 billion. Its top holding was Microsoft (MSFT) at 6.9% of the portfolio, followed by Alphabet Class A (GOOGL, 5.7%) and Amazon.com (AMZN, 3.7%). Compared with Q3 2024, it opened 5 new positions, sold out of 9, added to 32 and reduced 58. The biggest buy was Epam Systems (EPAM, shares +69%) and the biggest sale an exit from Catalent (CTLT).

Most Recent 13F
Q2 2026
Location
GRAND RAPIDS, MI
CIK
0001092290
Portfolio Value
$1.4B (Q4 2024)
SEC Filing
0001092290-25-000003 ↗ filed Jan 23, 2025

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 Q3 2024 Q4 2024: $1.4B $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 140 stocks · $1.4B
MSFT Microsoft Corp. 6.89% 225,801 $95.2M Reduce -0.1%
GOOGL Alphabet Inc. Class A 5.68% 414,506 $78.5M Reduce -0.9%
AMZN Amazon.com Inc. 3.67% 230,748 $50.6M Add +5.8%
BRK.B Berkshire Hathaway Inc. Class B 3.15% 95,985 $43.5M Reduce -28.2%
LNG Cheniere Energy Inc. 3.11% 199,874 $42.9M Reduce -1.6%
V Visa Inc. Class A 3.09% 134,807 $42.6M Add +7.8%
IVV iShares Core S&P 500 ETF 2.55% 59,714 $35.2M Reduce -8.9%
LIN Linde PLC 2.50% 82,344 $34.5M Reduce -0.7%
ALSN Allison Transmission Holding 2.41% 308,134 $33.3M Reduce -2.7%
AMAT Applied Materials Inc. 2.23% 189,283 $30.8M Reduce -1.1%
TRMB Trimble Inc. 2.17% 424,730 $30.0M Reduce -0.9%
ECL Ecolab Inc. 2.17% 127,978 $30.0M Reduce -2.3%
DHR Danaher Corp. 2.17% 130,356 $29.9M Add +58.8%
UNP Union Pacific Corp. 2.15% 130,292 $29.7M Add +40.3%
JNJ Johnson & Johnson 1.96% 187,343 $27.1M Add +0.1%
EPAM Epam Systems Inc. 1.93% 113,735 $26.6M Add +69.0%
COHR Coherent Corp. 1.88% 273,434 $25.9M Reduce -31.4%
ABT Abbott Laboratories 1.85% 226,308 $25.6M Add +0.0%
MRK Merck & Co. Inc. 1.84% 255,796 $25.4M Add +0.4%
MCO Moody's Corp. 1.78% 51,844 $24.5M Reduce -1.0%
PWR Quanta Services Inc. 1.75% 76,472 $24.2M Reduce -0.8%
HUBS HubSpot Inc. 1.74% 34,385 $24.0M Reduce -3.9%
CRL Charles River Laboratories 1.69% 126,054 $23.3M Reduce -3.0%
SHW The Sherwin-Williams Co. 1.68% 68,105 $23.2M Add +0.1%
PCAR Paccar Inc. 1.65% 219,302 $22.8M Add +40.1%
MSI Motorola Solutions Inc. 1.54% 46,082 $21.3M Reduce -7.2%
SSNC Ss&c Technologies Holdings 1.49% 271,744 $20.6M Reduce -0.7%
LHX L3HARRIS Technologies Inc. 1.47% 96,722 $20.3M Reduce -0.1%
HD Home Depot Inc. 1.47% 52,171 $20.3M Reduce -2.0%
ADBE Adobe Inc. 1.47% 45,514 $20.2M Add +0.5%
ZBRA Zebra Technologies Corp. Class A 1.39% 49,682 $19.2M Reduce -0.6%
AAPL Apple Inc. 1.38% 76,253 $19.1M Reduce -6.6%
KNX Knight-Swift Transportation 1.38% 358,428 $19.0M Reduce -0.5%
SO The Southern Co. 1.36% 228,378 $18.8M Reduce -0.9%
TMO Thermo Fisher Scientific Inc. 1.35% 35,815 $18.6M Add +0.1%
VRSK Verisk Analytics Inc. 1.23% 61,889 $17.0M Add +1.9%
QLYS Qualys Inc. 1.17% 114,700 $16.1M Add +0.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.13% 128,744 $15.6M Reduce -1.8%
KVUE Kenvue Inc. 1.12% 727,432 $15.5M Add +2.5%
BALL Ball Corp. 1.11% 279,134 $15.4M Reduce -2.4%
ITW Illinois Tool Works 1.11% 60,501 $15.3M Reduce -1.0%
FAST Fastenal Co. 1.10% 212,031 $15.2M Reduce -28.3%
IJH iShares Core S&P Midcap ETF 1.10% 243,710 $15.2M Reduce -8.2%
KLAC KLA Corp. 0.96% 20,926 $13.2M Reduce -0.3%
IJR iShares Core S&P Small-Cap E 0.91% 109,471 $12.6M Reduce -5.9%
NDSN Nordson Corp. 0.89% 59,004 $12.3M Reduce -1.2%
TYL Tyler Technologies Inc. 0.85% 20,270 $11.7M Reduce -0.5%
AVTR Avantor Inc. 0.76% 500,662 $10.5M Add +1.8%
CDW CDW Corp. 0.69% 54,748 $9.5M Reduce -0.1%
VEA Vanguard Ftse Developed ETF 0.67% 192,653 $9.2M Reduce -23.9%
MKTX Marketaxess Holdings Inc. 0.59% 35,930 $8.1M Reduce -3.0%
NKE Nike Inc. Class B 0.56% 102,296 $7.7M Reduce -4.0%
IWV iShares Russell 3000 ETF 0.55% 22,870 $7.6M No change
VUG Vanguard Mrngstar GR ETF-Sui 0.40% 13,324 $5.5M Reduce -2.4%
VWO Vanguard Ftse Emerging Marke 0.38% 117,709 $5.2M Reduce -12.3%
COST Costco Wholesale Corp. 0.33% 4,910 $4.5M Reduce -22.6%
GOOG Alphabet Inc. Class C 0.32% 23,425 $4.5M Reduce -7.5%
CCC CCC Intelligent Solutions Ho 0.32% 378,769 $4.4M Add +11.0%
EFG iShares MSCI Eafe Growth ETF 0.29% 41,388 $4.0M Add +0.3%
JPM JPMorgan Chase & Co. 0.22% 12,946 $3.1M Reduce -0.6%
IWF iShares Russell 1000 Growth 0.19% 6,416 $2.6M No change
WM Waste Management Inc. 0.17% 11,631 $2.3M Reduce -2.9%
NVDA Nvidia Corp. 0.15% 14,915 $2.0M Reduce -0.0%
CPRT Copart Inc. 0.11% 26,366 $1.5M Reduce -15.4%
FBND Fidelity Total Bond ETF 0.11% 33,564 $1.5M Add +13.9%
WTFC Wintrust Financial Corp. 0.09% 10,405 $1.3M Reduce -16.5%
VEU Vanguard Ftse All-World Ex-U 0.07% 17,582 $1.0M No change
SYK Stryker Corp. 0.07% 2,789 $1.0M Add +3.7%
IWD iShares Russell 1000 Value E 0.07% 5,244 $971K Reduce -80.1%
PEP Pepsico Inc. 0.07% 6,360 $967K Add +14.2%
WMT Walmart Inc. 0.07% 10,167 $919K Reduce -1.7%
ORCL Oracle Corp. 0.07% 5,391 $898K No change
NFLX Netflix Inc. 0.06% 975 $869K No change
CHD Church & Dwight Co. Inc. 0.06% 7,600 $796K No change
ISRG Intuitive Surgical Inc. 0.06% 1,492 $779K No change
PAYX Paychex Inc. 0.06% 5,455 $765K No change
TXN Texas Instruments Inc. 0.05% 3,948 $740K Reduce -95.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.05% 1,212 $711K Add +0.8%
KO The Coca-Cola Co. 0.05% 11,182 $696K Reduce -1.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.05% 3,136 $689K No change
PG The Procter & Gamble Co. 0.05% 4,069 $682K Reduce -14.2%
BRK.A Berkshire Hathaway Inc. Class A 0.05% 1 $681K No change
IWY iShares Russell Top 200 Grow 0.05% 2,800 $659K No change
F Ford Motor Co. filed as FORD MTR CO 0.05% 65,827 $652K Add +0.8%
NSC Norfolk Southern Corp. 0.04% 2,590 $608K No change
FLTB Fidelity Ltd. TRM BND ETF 0.04% 11,692 $580K Add +4.9%
GNTX Gentex Corp. 0.04% 19,710 $566K Reduce -6.3%
XOM Exxon Mobil Corp. 0.04% 5,241 $564K No change
ITOT iShares Core S&P Total U.S. 0.04% 4,170 $536K No change
MA Mastercard Inc. Class A 0.04% 1,014 $534K No change
RTX RTX Corp. 0.04% 4,456 $516K Reduce -1.7%
ABBV Abbvie Inc. 0.04% 2,747 $488K No change
LECO Lincoln Electric Holdings 0.04% 2,580 $484K No change
VB Vanguard Most SM-Cap ETF-Usd 0.03% 1,990 $478K No change
PH Parker Hannifin Corp. 0.03% 685 $436K No change
LMT Lockheed Martin Corp. 0.03% 893 $434K Reduce -2.0%
COP Conocophillips 0.03% 4,364 $433K No change
FCOR Fidelity Corporate Bond ETF 0.03% 9,056 $420K Add +0.6%
APH Amphenol Corp. Class A 0.03% 5,924 $411K No change
META Meta Platforms Inc. Class A 0.03% 686 $402K New
SBUX Starbucks Corp. 0.03% 4,316 $394K No change
MRSH Marsh & McLennan Cos 0.03% 1,802 $383K No change
IJK iShares S&P Mid-Cap 400 Grow 0.03% 4,161 $378K Reduce -0.4%
VT Vanguard Tot World STK ETF 0.03% 3,195 $375K No change
FISV Fiserv Inc. 0.03% 1,818 $373K No change
ACN Accenture PLC Class A 0.03% 1,012 $356K New
FITB Fifth Third Bancorp 0.03% 8,271 $350K Add +0.2%
LLY Eli Lilly & Co. 0.03% 446 $344K No change
DUK Duke Energy Corp. 0.02% 3,196 $344K Reduce -2.3%
CSCO Cisco Systems Inc. 0.02% 5,702 $338K No change
AON Aon PLC Class A 0.02% 880 $316K Reduce -17.8%
LKQ LKQ Corp. 0.02% 8,400 $309K No change
IEFA iShares Core MSCI Eafe ETF 0.02% 4,378 $308K No change
CVX Chevron Corp. 0.02% 2,055 $298K No change
AXON Axon Enterprise Inc. 0.02% 500 $297K New
DOV Dover Corp. 0.02% 1,575 $295K Add +14.6%
ADP Automatic Data Processing 0.02% 972 $285K Add +25.9%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.02% 1,048 $283K No change
HUBB Hubbell Inc. 0.02% 664 $278K No change
CSX CSX Corp. 0.02% 8,486 $274K No change
FRME First Merchants Corp. 0.02% 6,834 $273K No change
TSM Taiwan Semiconductor-SP ADR 0.02% 1,373 $271K No change
QQQ Invesco QQQ Trust Series 1 0.02% 522 $267K Add +2.4%
VZ Verizon Communications Inc. 0.02% 6,354 $254K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.02% 962 $254K No change
GLD SPDR Gold Shares 0.02% 1,045 $253K Add +8.8%
WEC WEC Energy Group Inc. 0.02% 2,542 $239K No change
UFPI Ufp Industries Inc. 0.02% 2,109 $238K New
NVS Novartis AG-Sponsored ADR 0.02% 2,432 $237K No change
QCOM Qualcomm Inc. 0.02% 1,514 $233K Reduce -6.2%
SPYV SS SPDR P S&P 500 Value ETF 0.02% 4,451 $228K No change
MAR Marriott International Class A 0.02% 814 $227K Reduce -5.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 5,050 $222K No change
OGE Oge Energy Corp. 0.02% 5,280 $218K No change
ASML ASML Holding NV-NY Reg SHS 0.02% 311 $216K Add +22.9%
ED Consolidated Edison Inc. 0.02% 2,384 $213K No change
MCD McDonald's Corp. 0.02% 722 $209K New
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.01% 488 $208K No change
CNI Canadian Natl Railway Co. 0.01% 2,015 $205K No change
OPK Opko Health Inc. 0.00% 30,000 $44K Add +11.1%
Other holdings (2): bonds, preferreds, convertibles and warrants · $6.2M (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 4,776$5.7MReduce -3.1%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 428$522KNo change

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

Portfolio Sells Q3 2024 → Q4 2024
CTLT Catalent Inc. Sold out 0.00% −1.15
TXN Texas Instruments Inc. Reduce -95.2% 0.05% −1.12
BRK.B Berkshire Hathaway Inc. Class B Reduce -28.2% 3.15% −1.09
COHR Coherent Corp. Reduce -31.4% 1.88% −0.57
DLB Dolby Laboratories Inc. Class A Sold out 0.00% −0.55
AMAT Applied Materials Inc. Reduce -1.1% 2.23% −0.43
FAST Fastenal Co. Reduce -28.3% 1.10% −0.35
IWD iShares Russell 1000 Value E Reduce -80.1% 0.07% −0.27
VEA Vanguard Ftse Developed ETF Reduce -23.9% 0.67% −0.25
LIN Linde PLC Reduce -0.7% 2.50% −0.23
BALL Ball Corp. Reduce -2.4% 1.11% −0.22
NDSN Nordson Corp. Reduce -1.2% 0.89% −0.19
KLAC KLA Corp. Reduce -0.3% 0.96% −0.17
CDW CDW Corp. Reduce -0.1% 0.69% −0.16
ECL Ecolab Inc. Reduce -2.3% 2.17% −0.13
LHX L3HARRIS Technologies Inc. Reduce -0.1% 1.47% −0.11
NKE Nike Inc. Class B Reduce -4.0% 0.56% −0.09
CRL Charles River Laboratories Reduce -3.0% 1.69% −0.08
SO The Southern Co. Reduce -0.9% 1.36% −0.07
VWO Vanguard Ftse Emerging Marke Reduce -12.3% 0.38% −0.07
MKTX Marketaxess Holdings Inc. Reduce -3.0% 0.59% −0.07
IAU iShares Gold Trust Sold out 0.00% −0.06
COST Costco Wholesale Corp. Reduce -22.6% 0.33% −0.06
IVV iShares Core S&P 500 ETF Reduce -8.9% 2.55% −0.06
IJH iShares Core S&P Midcap ETF Reduce -8.2% 1.10% −0.04
VNQ Vanguard Real Estate ETF Sold out 0.00% −0.03
IJR iShares Core S&P Small-Cap E Reduce -5.9% 0.91% −0.02
NVO Novo-Nordisk A/S-Spons ADR Sold out 0.00% −0.02
HD Home Depot Inc. Reduce -2.0% 1.47% −0.02
MDLZ Mondelez International Inc. Class A Sold out 0.00% −0.02
VOO Vanguard S&P 500 ETF Sold out 0.00% −0.02
AFL Aflac Inc. Sold out 0.00% −0.01
PG The Procter & Gamble Co. Reduce -14.2% 0.05% −0.01
KO The Coca-Cola Co. Reduce -1.3% 0.05% −0.01
LMT Lockheed Martin Corp. Reduce -2.0% 0.03% −0.01
CPRT Copart Inc. Reduce -15.4% 0.11% −0.00
AON Aon PLC Class A Reduce -17.8% 0.02% −0.00
QCOM Qualcomm Inc. Reduce -6.2% 0.02% −0.00
GNTX Gentex Corp. Reduce -6.3% 0.04% −0.00
WM Waste Management Inc. Reduce -2.9% 0.17% −0.00
DUK Duke Energy Corp. Reduce -2.3% 0.02% −0.00
RTX RTX Corp. Reduce -1.7% 0.04% −0.00
BLUEBIRD BIO INC Sold out 0.00% −0.00
WTFC Wintrust Financial Corp. Reduce -16.5% 0.09% +0.00
IJK iShares S&P Mid-Cap 400 Grow Reduce -0.4% 0.03% +0.00
MAR Marriott International Class A Reduce -5.8% 0.02% +0.00
MSI Motorola Solutions Inc. Reduce -7.2% 1.54% +0.01
ITW Illinois Tool Works Reduce -1.0% 1.11% +0.01
WMT Walmart Inc. Reduce -1.7% 0.07% +0.01
NVDA Nvidia Corp. Reduce -0.0% 0.15% +0.02

Portfolio Buys Q3 2024 → Q4 2024
EPAM Epam Systems Inc. Add +69.0% 1.93% +1.00
AMZN Amazon.com Inc. Add +5.8% 3.67% +0.87
V Visa Inc. Class A Add +7.8% 3.09% +0.72
DHR Danaher Corp. Add +58.8% 2.17% +0.60
PCAR Paccar Inc. Add +40.1% 1.65% +0.59
UNP Union Pacific Corp. Add +40.3% 2.15% +0.57
QLYS Qualys Inc. Add +0.8% 1.17% +0.16
VRSK Verisk Analytics Inc. Add +1.9% 1.23% +0.11
ABT Abbott Laboratories Add +0.0% 1.85% +0.08
CCC CCC Intelligent Solutions Ho Add +11.0% 0.32% +0.06
META Meta Platforms Inc. Class A New 0.03% +0.03
ACN Accenture PLC Class A New 0.03% +0.03
AXON Axon Enterprise Inc. New 0.02% +0.02
UFPI Ufp Industries Inc. New 0.02% +0.02
MCD McDonald's Corp. New 0.02% +0.02
FBND Fidelity Total Bond ETF Add +13.9% 0.11% +0.01
ADP Automatic Data Processing Add +25.9% 0.02% +0.01
SYK Stryker Corp. Add +3.7% 0.07% +0.01
PEP Pepsico Inc. Add +14.2% 0.07% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +0.8% 0.05% +0.00
FLTB Fidelity Ltd. TRM BND ETF Add +4.9% 0.04% +0.00
DOV Dover Corp. Add +14.6% 0.02% +0.00
GLD SPDR Gold Shares Add +8.8% 0.02% +0.00
QQQ Invesco QQQ Trust Series 1 Add +2.4% 0.02% +0.00
ASML ASML Holding NV-NY Reg SHS Add +22.9% 0.02% +0.00
FITB Fifth Third Bancorp Add +0.2% 0.03% +0.00
FCOR Fidelity Corporate Bond ETF Add +0.6% 0.03% +0.00
OPK Opko Health Inc. Add +11.1% 0.00% +0.00
F Ford Motor Co. Add +0.8% 0.05% −0.00
KVUE Kenvue Inc. Add +2.5% 1.12% −0.01
EFG iShares MSCI Eafe Growth ETF Add +0.3% 0.29% −0.02
SHW The Sherwin-Williams Co. Add +0.1% 1.68% −0.11
AVTR Avantor Inc. Add +1.8% 0.76% −0.11
JNJ Johnson & Johnson Add +0.1% 1.96% −0.13
ADBE Adobe Inc. Add +0.5% 1.47% −0.15
MRK Merck & Co. Inc. Add +0.4% 1.84% −0.15
TMO Thermo Fisher Scientific Inc. Add +0.1% 1.35% −0.17

Notes & Other Activity Q3 2024 → Q4 2024
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -3.1% 4,776 $5.7M

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