Norris Perne & French LLP

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 21, 2025), Norris Perne & French LLP reported 140 stock positions worth $1.3 billion. Its top holding was Microsoft (MSFT) at 6.4% of the portfolio, followed by Alphabet Class A (GOOGL, 4.8%) and Berkshire Hathaway Class B (BRK.B, 3.8%). Compared with Q4 2024, it opened 7 new positions, sold out of 7, added to 42 and reduced 63. The biggest buy was a new position in Zoetis (ZTS) and the biggest sale Southern (SO, shares −95%).

Most Recent 13F
Q2 2026
Location
GRAND RAPIDS, MI
CIK
0001092290
Portfolio Value
$1.3B (Q1 2025)
SEC Filing
0001092290-25-000007 ↗ filed Apr 21, 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 Q4 2024 Q1 2025: $1.3B $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 · $1.3B
MSFT Microsoft Corp. 6.38% 225,110 $84.5M Reduce -0.3%
GOOGL Alphabet Inc. Class A 4.83% 414,054 $64.0M Reduce -0.1%
BRK.B Berkshire Hathaway Inc. Class B 3.79% 94,263 $50.2M Reduce -1.8%
V Visa Inc. Class A 3.51% 132,639 $46.5M Reduce -1.6%
AMZN Amazon.com Inc. 3.27% 227,767 $43.3M Reduce -1.3%
LIN Linde PLC 2.89% 82,254 $38.3M Reduce -0.1%
IVV iShares Core S&P 500 ETF 2.58% 60,704 $34.1M Add +1.7%
LNG Cheniere Energy Inc. 2.37% 135,751 $31.4M Reduce -32.1%
JNJ Johnson & Johnson 2.35% 187,404 $31.1M Add +0.0%
UNP Union Pacific Corp. 2.32% 130,318 $30.8M Add +0.0%
SHW The Sherwin-Williams Co. 2.28% 86,599 $30.2M Add +27.2%
ABT Abbott Laboratories 2.24% 223,227 $29.6M Reduce -1.4%
ALSN Allison Transmission Holding 2.17% 299,890 $28.7M Reduce -2.7%
PCAR Paccar Inc. 2.13% 289,874 $28.2M Add +32.2%
AMAT Applied Materials Inc. 2.08% 189,605 $27.5M Add +0.2%
DHR Danaher Corp. 2.05% 132,420 $27.1M Add +1.6%
ECL Ecolab Inc. 2.03% 106,006 $26.9M Reduce -17.2%
MCO Moody's Corp. 2.01% 57,050 $26.6M Add +10.0%
ADBE Adobe Inc. 2.00% 68,948 $26.4M Add +51.5%
MRK Merck & Co. Inc. 1.75% 258,051 $23.2M Add +0.9%
TRMB Trimble Inc. 1.71% 344,701 $22.6M Reduce -18.8%
SSNC Ss&c Technologies Holdings 1.69% 267,463 $22.3M Reduce -1.6%
COHR Coherent Corp. 1.63% 331,772 $21.5M Add +21.3%
BALL Ball Corp. 1.60% 406,314 $21.2M Add +45.6%
KNX Knight-Swift Transportation 1.56% 474,016 $20.6M Add +32.3%
LHX L3HARRIS Technologies Inc. 1.56% 98,477 $20.6M Add +1.8%
EPAM Epam Systems Inc. 1.50% 117,339 $19.8M Add +3.2%
CRL Charles River Laboratories 1.47% 129,082 $19.4M Add +2.4%
HD Home Depot Inc. 1.46% 52,866 $19.4M Add +1.3%
HUBS HubSpot Inc. 1.45% 33,633 $19.2M Reduce -2.2%
PWR Quanta Services Inc. 1.44% 74,943 $19.0M Reduce -2.0%
VRSK Verisk Analytics Inc. 1.39% 61,739 $18.4M Reduce -0.2%
ZBRA Zebra Technologies Corp. Class A 1.30% 61,094 $17.3M Add +23.0%
KVUE Kenvue Inc. 1.29% 713,582 $17.1M Reduce -1.9%
FAST Fastenal Co. 1.26% 214,542 $16.6M Add +1.2%
AAPL Apple Inc. 1.21% 72,325 $16.1M Reduce -5.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.17% 127,481 $15.5M Reduce -1.0%
AVTR Avantor Inc. 1.17% 956,625 $15.5M Add +91.1%
ITW Illinois Tool Works 1.15% 61,567 $15.3M Add +1.8%
QLYS Qualys Inc. 1.12% 118,296 $14.9M Add +3.1%
KLAC KLA Corp. 1.07% 20,865 $14.2M Reduce -0.3%
IJH iShares Core S&P Midcap ETF 1.05% 238,272 $13.9M Reduce -2.2%
MSI Motorola Solutions Inc. 0.98% 29,553 $12.9M Reduce -35.9%
TMO Thermo Fisher Scientific Inc. 0.95% 25,401 $12.6M Reduce -29.1%
NDSN Nordson Corp. 0.94% 61,786 $12.5M Add +4.7%
TYL Tyler Technologies Inc. 0.88% 19,962 $11.6M Reduce -1.5%
IJR iShares Core S&P Small-Cap E 0.86% 109,092 $11.4M Reduce -0.3%
ZTS Zoetis Inc. 0.85% 68,289 $11.2M New
CDW CDW Corp. 0.66% 54,595 $8.7M Reduce -0.3%
VERX Vertex Inc. Class A 0.62% 234,292 $8.2M New
MKTX Marketaxess Holdings Inc. 0.60% 36,744 $7.9M Add +2.3%
IWV iShares Russell 3000 ETF 0.55% 22,870 $7.3M No change
RSP Invesco S&P 500 Equal Weight 0.52% 39,751 $6.9M New
IDEV iShares Core MSCI Dev MKTS 0.43% 82,514 $5.7M New
EFG iShares MSCI Eafe Growth ETF 0.36% 47,986 $4.8M Add +15.9%
VEA Vanguard Ftse Developed ETF 0.31% 81,853 $4.2M Reduce -57.5%
SGOV iShares 0-3 Month Treasury B 0.31% 40,673 $4.1M New
COST Costco Wholesale Corp. 0.30% 4,240 $4.0M Reduce -13.7%
CCC CCC Intelligent Solutions Ho 0.28% 417,415 $3.8M Add +10.2%
GOOG Alphabet Inc. Class C 0.27% 23,158 $3.6M Reduce -1.1%
JPM JPMorgan Chase & Co. 0.24% 12,946 $3.2M No change
VWO Vanguard Ftse Emerging Marke 0.18% 53,413 $2.4M Reduce -54.6%
WM Waste Management Inc. 0.17% 9,831 $2.3M Reduce -15.5%
IEMG iShares Core MSCI Emerging 0.17% 42,007 $2.3M New
FBND Fidelity Total Bond ETF 0.17% 47,988 $2.2M Add +43.0%
IWF iShares Russell 1000 Growth 0.16% 5,753 $2.1M Reduce -10.3%
NVDA Nvidia Corp. 0.14% 17,682 $1.9M Add +18.6%
VUG Vanguard Mrngstar GR ETF-Sui 0.13% 4,778 $1.8M Reduce -64.1%
SYK Stryker Corp. 0.10% 3,665 $1.4M Add +31.4%
CPRT Copart Inc. 0.10% 23,986 $1.4M Reduce -9.0%
WTFC Wintrust Financial Corp. 0.09% 10,378 $1.2M Reduce -0.3%
VEU Vanguard Ftse All-World Ex-U 0.08% 17,545 $1.1M Reduce -0.2%
SO The Southern Co. 0.08% 11,413 $1.0M Reduce -95.0%
NKE Nike Inc. Class B 0.07% 15,578 $989K Reduce -84.8%
IWD iShares Russell 1000 Value E 0.07% 5,229 $984K Reduce -0.3%
PG The Procter & Gamble Co. 0.07% 5,718 $974K Add +40.5%
ISRG Intuitive Surgical Inc. 0.07% 1,921 $951K Add +28.8%
PEP Pepsico Inc. 0.07% 6,341 $951K Reduce -0.3%
NFLX Netflix Inc. 0.07% 975 $909K No change
WMT Walmart Inc. 0.07% 9,867 $866K Reduce -3.0%
PAYX Paychex Inc. 0.06% 5,455 $842K No change
CHD Church & Dwight Co. Inc. 0.06% 7,600 $837K No change
KO The Coca-Cola Co. 0.06% 10,526 $754K Reduce -5.9%
ORCL Oracle Corp. 0.05% 5,191 $726K Reduce -3.7%
FLTB Fidelity Ltd. TRM BND ETF 0.05% 13,955 $699K Add +19.4%
F Ford Motor Co. filed as FORD MTR CO 0.05% 67,744 $679K Add +2.9%
XOM Exxon Mobil Corp. 0.05% 5,546 $660K Add +5.8%
IWY iShares Russell Top 200 Grow 0.04% 2,800 $591K No change
RTX RTX Corp. 0.04% 4,376 $580K Reduce -1.8%
ABBV Abbvie Inc. 0.04% 2,747 $576K No change
NSC Norfolk Southern Corp. 0.04% 2,290 $542K Reduce -11.6%
MA Mastercard Inc. Class A 0.04% 985 $540K Reduce -2.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.04% 2,120 $527K Reduce -32.4%
LECO Lincoln Electric Holdings 0.04% 2,580 $488K No change
GNTX Gentex Corp. 0.03% 19,710 $459K No change
COP Conocophillips 0.03% 4,364 $458K No change
VB Vanguard Most SM-Cap ETF-Usd 0.03% 2,060 $457K Add +3.5%
MRSH Marsh & McLennan Cos 0.03% 1,756 $429K Reduce -2.5%
SBUX Starbucks Corp. 0.03% 4,200 $412K Reduce -2.7%
FISV Fiserv Inc. 0.03% 1,818 $401K No change

Show all 140 holdings

Other holdings (3): bonds, preferreds, convertibles and warrants · $6.3M (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 4,704$5.6MReduce -1.5%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 293$362KReduce -31.5%
PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) 6.3 CUM PFD SR F 18,398$322KNew

Total filed on the 13F, all lines: $1.3B.

Portfolio Sells Q4 2024 → Q1 2025
SO The Southern Co. Reduce -95.0% 0.08% −1.28
GOOGL Alphabet Inc. Class A Reduce -0.1% 4.83% −0.85
LNG Cheniere Energy Inc. Reduce -32.1% 2.37% −0.74
MSI Motorola Solutions Inc. Reduce -35.9% 0.98% −0.57
MSFT Microsoft Corp. Reduce -0.3% 6.38% −0.51
NKE Nike Inc. Class B Reduce -84.8% 0.07% −0.49
TRMB Trimble Inc. Reduce -18.8% 1.71% −0.47
TMO Thermo Fisher Scientific Inc. Reduce -29.1% 0.95% −0.40
AMZN Amazon.com Inc. Reduce -1.3% 3.27% −0.40
VEA Vanguard Ftse Developed ETF Reduce -57.5% 0.31% −0.35
PWR Quanta Services Inc. Reduce -2.0% 1.44% −0.31
HUBS HubSpot Inc. Reduce -2.2% 1.45% −0.28
VUG Vanguard Mrngstar GR ETF-Sui Reduce -64.1% 0.13% −0.26
ALSN Allison Transmission Holding Reduce -2.7% 2.17% −0.25
VWO Vanguard Ftse Emerging Marke Reduce -54.6% 0.18% −0.19
AAPL Apple Inc. Reduce -5.2% 1.21% −0.17
ECL Ecolab Inc. Reduce -17.2% 2.03% −0.14
IJR iShares Core S&P Small-Cap E Reduce -0.3% 0.86% −0.05
IJH iShares Core S&P Midcap ETF Reduce -2.2% 1.05% −0.05
GOOG Alphabet Inc. Class C Reduce -1.1% 0.27% −0.05
BRK.A Berkshire Hathaway Inc. Class A Sold out 0.00% −0.05
TXN Texas Instruments Inc. Reduce -56.7% 0.02% −0.03
IWF iShares Russell 1000 Growth Reduce -10.3% 0.16% −0.03
CDW CDW Corp. Reduce -0.3% 0.66% −0.03
COST Costco Wholesale Corp. Reduce -13.7% 0.30% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -41.4% 0.03% −0.02
ADP Automatic Data Processing Sold out 0.00% −0.02
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −0.02
UFPI Ufp Industries Inc. Sold out 0.00% −0.02
MAR Marriott International Class A Sold out 0.00% −0.02
DIA SS SPDR Dow Jones Indus Avg Sold out 0.00% −0.01
CNI Canadian Natl Railway Co. Sold out 0.00% −0.01
FCOR Fidelity Corporate Bond ETF Reduce -50.3% 0.02% −0.01
ORCL Oracle Corp. Reduce -3.7% 0.05% −0.01
IBM Intl Business Machines Corp. Reduce -32.4% 0.04% −0.01
ITOT iShares Core S&P Total U.S. Reduce -21.7% 0.03% −0.01
VT Vanguard Tot World STK ETF Reduce -31.3% 0.02% −0.01
LMT Lockheed Martin Corp. Reduce -21.1% 0.02% −0.01
CPRT Copart Inc. Reduce -9.0% 0.10% −0.01
ACN Accenture PLC Class A Reduce -19.8% 0.02% −0.01
WTFC Wintrust Financial Corp. Reduce -0.3% 0.09% −0.01
NSC Norfolk Southern Corp. Reduce -11.6% 0.04% −0.00
IJK iShares S&P Mid-Cap 400 Grow Reduce -5.6% 0.02% −0.00
AON Aon PLC Class A Reduce -22.7% 0.02% −0.00
PH Parker Hannifin Corp. Reduce -5.8% 0.03% −0.00
FITB Fifth Third Bancorp Reduce -2.1% 0.02% −0.00
WMT Walmart Inc. Reduce -3.0% 0.07% −0.00
CSCO Cisco Systems Inc. Reduce -6.8% 0.02% +0.00
MCD McDonald's Corp. Reduce -1.4% 0.02% +0.00
PEP Pepsico Inc. Reduce -0.3% 0.07% +0.00

Portfolio Buys Q4 2024 → Q1 2025
ZTS Zoetis Inc. New 0.85% +0.85
VERX Vertex Inc. Class A New 0.62% +0.62
SHW The Sherwin-Williams Co. Add +27.2% 2.28% +0.61
ADBE Adobe Inc. Add +51.5% 2.00% +0.53
RSP Invesco S&P 500 Equal Weight New 0.52% +0.52
BALL Ball Corp. Add +45.6% 1.60% +0.48
PCAR Paccar Inc. Add +32.2% 2.13% +0.48
IDEV iShares Core MSCI Dev MKTS New 0.43% +0.43
AVTR Avantor Inc. Add +91.1% 1.17% +0.41
JNJ Johnson & Johnson Add +0.0% 2.35% +0.38
SGOV iShares 0-3 Month Treasury B New 0.31% +0.31
MCO Moody's Corp. Add +10.0% 2.01% +0.23
KNX Knight-Swift Transportation Add +32.3% 1.56% +0.18
UNP Union Pacific Corp. Add +0.0% 2.32% +0.17
IEMG iShares Core MSCI Emerging New 0.17% +0.17
FAST Fastenal Co. Add +1.2% 1.26% +0.15
LHX L3HARRIS Technologies Inc. Add +1.8% 1.56% +0.08
EFG iShares MSCI Eafe Growth ETF Add +15.9% 0.36% +0.07
FBND Fidelity Total Bond ETF Add +43.0% 0.17% +0.06
NDSN Nordson Corp. Add +4.7% 0.94% +0.05
ITW Illinois Tool Works Add +1.8% 1.15% +0.04
SYK Stryker Corp. Add +31.4% 0.10% +0.03
IVV iShares Core S&P 500 ETF Add +1.7% 2.58% +0.03
PG The Procter & Gamble Co. Add +40.5% 0.07% +0.02
AFL Aflac Inc. New 0.02% +0.02
ISRG Intuitive Surgical Inc. Add +28.8% 0.07% +0.02
MKTX Marketaxess Holdings Inc. Add +2.3% 0.60% +0.01
FLTB Fidelity Ltd. TRM BND ETF Add +19.4% 0.05% +0.01
XOM Exxon Mobil Corp. Add +5.8% 0.05% +0.01
ASML ASML Holding NV-NY Reg SHS Add +32.1% 0.02% +0.00
F Ford Motor Co. Add +2.9% 0.05% +0.00
LLY Eli Lilly & Co. Add +4.5% 0.03% +0.00
VZ Verizon Communications Inc. Add +0.0% 0.02% +0.00
SPYV SS SPDR P S&P 500 Value ETF Add +9.1% 0.02% +0.00
OPK Opko Health Inc. Add +6.7% 0.00% +0.00
VB Vanguard Most SM-Cap ETF-Usd Add +3.5% 0.03% −0.00
NVDA Nvidia Corp. Add +18.6% 0.14% −0.00
DOV Dover Corp. Add +0.1% 0.02% −0.00
TSM Taiwan Semiconductor-SP ADR Add +10.9% 0.02% −0.00
HD Home Depot Inc. Add +1.3% 1.46% −0.01
CCC CCC Intelligent Solutions Ho Add +10.2% 0.28% −0.04
QLYS Qualys Inc. Add +3.1% 1.12% −0.04
ZBRA Zebra Technologies Corp. Class A Add +23.0% 1.30% −0.09
MRK Merck & Co. Inc. Add +0.9% 1.75% −0.09
DHR Danaher Corp. Add +1.6% 2.05% −0.12
AMAT Applied Materials Inc. Add +0.2% 2.08% −0.15
CRL Charles River Laboratories Add +2.4% 1.47% −0.22
COHR Coherent Corp. Add +21.3% 1.63% −0.25
EPAM Epam Systems Inc. Add +3.2% 1.50% −0.43

Notes & Other Activity Q4 2024 → Q1 2025
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -1.5% 4,704 $5.6M
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Reduce -31.5% 293 $362K
PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) 6.3 CUM PFD SR F New 18,398 $322K

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