Norris Perne & French LLP

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 17, 2025), Norris Perne & French LLP reported 152 stock positions worth $1.4 billion. Its top holding was Microsoft (MSFT) at 7.9% of the portfolio, followed by Amazon.com (AMZN, 3.5%) and Alphabet Class A (GOOGL, 3.3%). Compared with Q1 2025, it opened 12 new positions, added to 57 and reduced 54. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +9149%) and the biggest sale Alphabet Class A (GOOGL, shares −35%).

Most Recent 13F
Q2 2026
Location
GRAND RAPIDS, MI
CIK
0001092290
Portfolio Value
$1.4B (Q2 2025)
SEC Filing
0001092290-25-000010 ↗ filed Jul 17, 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 Q1 2025 Q2 2025: $1.4B $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 152 stocks · $1.4B
MSFT Microsoft Corp. 7.91% 227,514 $113.2M Add +1.1%
AMZN Amazon.com Inc. 3.50% 228,184 $50.1M Add +0.2%
GOOGL Alphabet Inc. Class A 3.33% 270,524 $47.7M Reduce -34.7%
V Visa Inc. Class A 3.28% 132,354 $47.0M Reduce -0.2%
BRK.B Berkshire Hathaway Inc. Class B 3.16% 92,949 $45.2M Reduce -1.4%
LIN Linde PLC 2.69% 82,001 $38.5M Reduce -0.3%
IVV iShares Core S&P 500 ETF 2.61% 60,114 $37.3M Reduce -1.0%
AMAT Applied Materials Inc. 2.41% 188,637 $34.5M Reduce -0.5%
LNG Cheniere Energy Inc. 2.30% 134,940 $32.9M Reduce -0.6%
TSM Taiwan Semiconductor-SP ADR 2.23% 140,862 $31.9M Add +9149.0%
BALL Ball Corp. 2.13% 542,757 $30.4M Add +33.6%
UNP Union Pacific Corp. 2.11% 131,404 $30.2M Add +0.8%
ABT Abbott Laboratories 2.10% 220,459 $30.0M Reduce -1.2%
SHW The Sherwin-Williams Co. 2.08% 86,548 $29.7M Reduce -0.1%
COHR Coherent Corp. 2.08% 333,005 $29.7M Add +0.4%
JNJ Johnson & Johnson 2.05% 191,636 $29.3M Add +2.3%
MCO Moody's Corp. 2.00% 56,993 $28.6M Reduce -0.1%
ECL Ecolab Inc. 1.99% 105,534 $28.4M Reduce -0.5%
ALSN Allison Transmission Holding 1.98% 298,398 $28.3M Reduce -0.5%
PWR Quanta Services Inc. 1.98% 74,890 $28.3M Reduce -0.1%
PCAR Paccar Inc. 1.86% 280,285 $26.6M Reduce -3.3%
ADBE Adobe Inc. 1.85% 68,558 $26.5M Reduce -0.6%
TRMB Trimble Inc. 1.81% 340,072 $25.8M Reduce -1.3%
SSNC Ss&c Technologies Holdings 1.53% 264,586 $21.9M Reduce -1.1%
KNX Knight-Swift Transportation 1.47% 474,096 $21.0M Add +0.0%
EPAM Epam Systems Inc. 1.45% 117,214 $20.7M Reduce -0.1%
MRK Merck & Co. Inc. 1.44% 260,346 $20.6M Add +0.9%
HD Home Depot Inc. 1.35% 52,689 $19.3M Reduce -0.3%
VRSK Verisk Analytics Inc. 1.34% 61,550 $19.2M Reduce -0.3%
ZBRA Zebra Technologies Corp. Class A 1.31% 60,820 $18.8M Reduce -0.5%
HUBS HubSpot Inc. 1.31% 33,605 $18.7M Reduce -0.1%
KLAC KLA Corp. 1.29% 20,669 $18.5M Reduce -0.9%
CRL Charles River Laboratories 1.28% 120,322 $18.3M Reduce -6.8%
FAST Fastenal Co. 1.25% 425,582 $17.9M Reduce -0.8%
LHX L3HARRIS Technologies Inc. 1.22% 69,477 $17.4M Reduce -29.4%
DHR Danaher Corp. 1.20% 87,110 $17.2M Reduce -34.2%
QLYS Qualys Inc. 1.19% 119,013 $17.0M Add +0.6%
ITW Illinois Tool Works 1.06% 61,573 $15.2M Add +0.0%
IJH iShares Core S&P Midcap ETF 1.06% 243,745 $15.1M Add +2.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.05% 122,041 $15.1M Reduce -4.3%
KVUE Kenvue Inc. 1.04% 710,414 $14.9M Reduce -0.4%
AAPL Apple Inc. 1.03% 71,894 $14.8M Reduce -0.6%
NDSN Nordson Corp. 0.93% 62,109 $13.3M Add +0.5%
MSI Motorola Solutions Inc. 0.87% 29,679 $12.5M Add +0.4%
IJR iShares Core S&P Small-Cap E 0.86% 112,922 $12.3M Add +3.5%
AVTR Avantor Inc. 0.86% 912,295 $12.3M Reduce -4.6%
TYL Tyler Technologies Inc. 0.81% 19,624 $11.6M Reduce -1.7%
ZTS Zoetis Inc. 0.77% 71,093 $11.1M Add +4.1%
TMO Thermo Fisher Scientific Inc. 0.75% 26,397 $10.7M Add +3.9%
CDW CDW Corp. 0.66% 53,234 $9.5M Reduce -2.5%
VERX Vertex Inc. Class A 0.62% 252,028 $8.9M Add +7.6%
RSP Invesco S&P 500 Equal Weight 0.58% 46,040 $8.4M Add +15.8%
MKTX Marketaxess Holdings Inc. 0.58% 36,939 $8.3M Add +0.5%
IWV iShares Russell 3000 ETF 0.56% 22,878 $8.0M Add +0.0%
SYK Stryker Corp. 0.48% 17,535 $6.9M Add +378.4%
ANET Arista Networks Inc. 0.45% 62,671 $6.4M New
IDEV iShares Core MSCI Dev MKTS 0.45% 83,881 $6.4M Add +1.7%
SGOV iShares 0-3 Month Treasury B 0.44% 63,110 $6.4M Add +55.2%
META Meta Platforms Inc. Class A 0.44% 8,483 $6.3M Add +1136.6%
EFG iShares MSCI Eafe Growth ETF 0.38% 48,872 $5.5M Add +1.9%
VEA Vanguard Ftse Developed ETF 0.32% 81,333 $4.6M Reduce -0.6%
COST Costco Wholesale Corp. 0.29% 4,191 $4.1M Reduce -1.2%
CCC CCC Intelligent Solutions Ho 0.29% 439,871 $4.1M Add +5.4%
GOOG Alphabet Inc. Class C 0.26% 21,106 $3.7M Reduce -8.9%
JPM JPMorgan Chase & Co. 0.22% 10,948 $3.2M Reduce -15.4%
NVDA Nvidia Corp. 0.19% 16,892 $2.7M Reduce -4.5%
VWO Vanguard Ftse Emerging Marke 0.18% 53,159 $2.6M Reduce -0.5%
IEMG iShares Core MSCI Emerging 0.18% 42,997 $2.6M Add +2.4%
FBND Fidelity Total Bond ETF 0.17% 51,995 $2.4M Add +8.3%
WM Waste Management Inc. 0.16% 9,931 $2.3M Add +1.0%
IWF iShares Russell 1000 Growth 0.15% 5,213 $2.2M Reduce -9.4%
VUG Vanguard Mrngstar GR ETF-Sui 0.14% 4,702 $2.1M Reduce -1.6%
NFLX Netflix Inc. 0.09% 977 $1.3M Add +0.2%
WTFC Wintrust Financial Corp. 0.09% 10,378 $1.3M No change
VEU Vanguard Ftse All-World Ex-U 0.08% 17,621 $1.2M Add +0.4%
ORCL Oracle Corp. 0.08% 5,195 $1.1M Add +0.1%
CPRT Copart Inc. 0.08% 22,486 $1.1M Reduce -6.3%
SO The Southern Co. 0.07% 11,410 $1.0M Reduce -0.0%
ISRG Intuitive Surgical Inc. 0.07% 1,897 $1.0M Reduce -1.3%
IWD iShares Russell 1000 Value E 0.07% 5,229 $1.0M No change
NKE Nike Inc. Class B 0.07% 13,839 $983K Reduce -11.2%
WMT Walmart Inc. 0.07% 9,883 $966K Add +0.2%
PG The Procter & Gamble Co. 0.07% 5,845 $931K Add +2.2%
PEP Pepsico Inc. 0.06% 6,391 $844K Add +0.8%
PAYX Paychex Inc. 0.06% 5,455 $793K No change
F Ford Motor Co. filed as FORD MTR CO 0.05% 70,679 $767K Add +4.3%
KO The Coca-Cola Co. 0.05% 10,542 $746K Add +0.1%
CHD Church & Dwight Co. Inc. 0.05% 7,600 $730K No change
FLTB Fidelity Ltd. TRM BND ETF 0.05% 14,374 $724K Add +3.0%
IWY iShares Russell Top 200 Grow 0.05% 2,800 $690K No change
RTX RTX Corp. 0.04% 4,376 $639K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.04% 2,049 $604K Reduce -3.4%
NSC Norfolk Southern Corp. 0.04% 2,290 $586K No change
APH Amphenol Corp. Class A 0.04% 5,924 $585K No change
ABBV Abbvie Inc. 0.04% 3,010 $559K Add +9.6%
MA Mastercard Inc. Class A 0.04% 985 $554K No change
LECO Lincoln Electric Holdings 0.04% 2,580 $535K No change
XOM Exxon Mobil Corp. 0.04% 4,868 $525K Reduce -12.2%
VB Vanguard Most SM-Cap ETF-Usd 0.03% 2,060 $488K No change
GNTX Gentex Corp. 0.03% 21,618 $475K Add +9.7%
PH Parker Hannifin Corp. 0.03% 647 $452K Add +0.3%
ITOT iShares Core S&P Total U.S. 0.03% 3,265 $441K No change
CSCO Cisco Systems Inc. 0.03% 6,093 $423K Add +14.6%
SBUX Starbucks Corp. 0.03% 4,574 $419K Add +8.9%
AXON Axon Enterprise Inc. 0.03% 500 $414K No change
COP Conocophillips 0.03% 4,438 $398K Add +1.7%
MRSH Marsh & McLennan Cos 0.03% 1,756 $384K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.03% 620 $383K Reduce -12.7%
DUK Duke Energy Corp. 0.03% 3,116 $368K No change
IEFA iShares Core MSCI Eafe ETF 0.03% 4,378 $365K No change
LLY Eli Lilly & Co. 0.03% 466 $363K No change
IJK iShares S&P Mid-Cap 400 Grow 0.02% 3,916 $356K Reduce -0.3%
TXN Texas Instruments Inc. 0.02% 1,710 $355K Reduce -0.1%
VTI VG Morningstar TS MKT ETF-US 0.02% 1,113 $338K New
FITB Fifth Third Bancorp 0.02% 8,115 $334K Add +0.2%
CEG Constellation Energy 0.02% 1,033 $333K New
LMT Lockheed Martin Corp. 0.02% 707 $327K Add +0.3%
LKQ LKQ Corp. 0.02% 8,400 $311K No change
DOV Dover Corp. 0.02% 1,676 $307K Add +6.3%
NVS Novartis AG-Sponsored ADR 0.02% 2,531 $306K Add +4.1%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.02% 1,048 $299K No change
FISV Fiserv Inc. 0.02% 1,718 $296K Reduce -5.5%
VT Vanguard Tot World STK ETF 0.02% 2,195 $282K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.02% 1,006 $282K Add +4.6%
CSX CSX Corp. 0.02% 8,507 $278K Add +0.3%
QQQ Invesco QQQ Trust Series 1 0.02% 502 $277K New
VZ Verizon Communications Inc. 0.02% 6,379 $276K Add +0.4%
HUBB Hubbell Inc. 0.02% 664 $271K No change
ASML ASML Holding NV-NY Reg SHS 0.02% 336 $269K Reduce -18.3%
WEC WEC Energy Group Inc. 0.02% 2,542 $265K No change
FRME First Merchants Corp. 0.02% 6,834 $262K No change
AON Aon PLC Class A 0.02% 730 $260K Add +7.3%
GLD SPDR Gold Shares 0.02% 845 $258K Reduce -19.1%
SPYV SS SPDR P S&P 500 Value ETF 0.02% 4,854 $254K No change
ALL Allstate Corp. 0.02% 1,258 $253K New
CVX Chevron Corp. 0.02% 1,734 $248K Reduce -6.4%
GS Goldman Sachs Group Inc. 0.02% 347 $246K New
ACN Accenture PLC Class A 0.02% 812 $243K No change
QCOM Qualcomm Inc. 0.02% 1,520 $242K Add +0.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 5,067 $240K Add +0.3%
ED Consolidated Edison Inc. 0.02% 2,384 $239K No change
OGE Oge Energy Corp. 0.02% 5,280 $234K No change
MAR Marriott International Class A 0.02% 844 $231K New
FCOR Fidelity Corporate Bond ETF 0.02% 4,782 $226K Add +6.2%
USMV iShares MSCI USA Min Vol Fac 0.02% 2,388 $224K New
JCI Johnson Controls Internation 0.02% 2,068 $218K New
ESGV Vanguard ESG US Stock ETF 0.01% 1,950 $214K New
MCD McDonald's Corp. 0.01% 715 $209K Add +0.4%
IVW iShares S&P 500 Growth ETF 0.01% 1,860 $205K New
AFL Aflac Inc. 0.01% 1,920 $202K No change
IWR iShares Russell Mid-Cap ETF 0.01% 2,187 $201K New
OPK Opko Health Inc. 0.00% 32,000 $42K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $5.0M (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 4,279$5.0MReduce -9.0%

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

Portfolio Sells Q1 2025 → Q2 2025
GOOGL Alphabet Inc. Class A Reduce -34.7% 3.33% −1.50
DHR Danaher Corp. Reduce -34.2% 1.20% −0.85
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.4% 3.16% −0.63
LHX L3HARRIS Technologies Inc. Reduce -29.4% 1.22% −0.34
AVTR Avantor Inc. Reduce -4.6% 0.86% −0.31
PCAR Paccar Inc. Reduce -3.3% 1.86% −0.27
KVUE Kenvue Inc. Reduce -0.4% 1.04% −0.25
V Visa Inc. Class A Reduce -0.2% 3.28% −0.23
SHW The Sherwin-Williams Co. Reduce -0.1% 2.08% −0.21
LIN Linde PLC Reduce -0.3% 2.69% −0.20
CRL Charles River Laboratories Reduce -6.8% 1.28% −0.19
ALSN Allison Transmission Holding Reduce -0.5% 1.98% −0.19
AAPL Apple Inc. Reduce -0.6% 1.03% −0.18
SSNC Ss&c Technologies Holdings Reduce -1.1% 1.53% −0.16
HUBS HubSpot Inc. Reduce -0.1% 1.31% −0.14
ADBE Adobe Inc. Reduce -0.6% 1.85% −0.14
ABT Abbott Laboratories Reduce -1.2% 2.10% −0.14
TJX TJX Companies Inc. Reduce -4.3% 1.05% −0.12
HD Home Depot Inc. Reduce -0.3% 1.35% −0.11
LNG Cheniere Energy Inc. Reduce -0.6% 2.30% −0.08
TYL Tyler Technologies Inc. Reduce -1.7% 0.81% −0.06
VRSK Verisk Analytics Inc. Reduce -0.3% 1.34% −0.05
EPAM Epam Systems Inc. Reduce -0.1% 1.45% −0.05
ECL Ecolab Inc. Reduce -0.5% 1.99% −0.04
CPRT Copart Inc. Reduce -6.3% 0.08% −0.03
JPM JPMorgan Chase & Co. Reduce -15.4% 0.22% −0.02
XOM Exxon Mobil Corp. Reduce -12.2% 0.04% −0.01
COST Costco Wholesale Corp. Reduce -1.2% 0.29% −0.01
GOOG Alphabet Inc. Class C Reduce -8.9% 0.26% −0.01
FISV Fiserv Inc. Reduce -5.5% 0.02% −0.01
MCO Moody's Corp. Reduce -0.1% 2.00% −0.01
FAST Fastenal Co. Reduce -0.8% 1.25% −0.01
CVX Chevron Corp. Reduce -6.4% 0.02% −0.01
NKE Nike Inc. Class B Reduce -11.2% 0.07% −0.01
SO The Southern Co. Reduce -0.0% 0.07% −0.01
GLD SPDR Gold Shares Reduce -19.1% 0.02% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -12.7% 0.03% −0.00
IWF iShares Russell 1000 Growth Reduce -9.4% 0.15% −0.00
ASML ASML Holding NV-NY Reg SHS Reduce -18.3% 0.02% −0.00
ISRG Intuitive Surgical Inc. Reduce -1.3% 0.07% +0.00
IJK iShares S&P Mid-Cap 400 Grow Reduce -0.3% 0.02% +0.00
VWO Vanguard Ftse Emerging Marke Reduce -0.5% 0.18% +0.00
TXN Texas Instruments Inc. Reduce -0.1% 0.02% +0.00
IBM Intl Business Machines Corp. Reduce -3.4% 0.04% +0.00
CDW CDW Corp. Reduce -2.5% 0.66% +0.00
ZBRA Zebra Technologies Corp. Class A Reduce -0.5% 1.31% +0.01
VEA Vanguard Ftse Developed ETF Reduce -0.6% 0.32% +0.01
VUG Vanguard Mrngstar GR ETF-Sui Reduce -1.6% 0.14% +0.01
IVV iShares Core S&P 500 ETF Reduce -1.0% 2.61% +0.03
NVDA Nvidia Corp. Reduce -4.5% 0.19% +0.04

Portfolio Buys Q1 2025 → Q2 2025
TSM Taiwan Semiconductor-SP ADR Add +9149.0% 2.23% +2.21
MSFT Microsoft Corp. Add +1.1% 7.91% +1.53
BALL Ball Corp. Add +33.6% 2.13% +0.53
COHR Coherent Corp. Add +0.4% 2.08% +0.45
ANET Arista Networks Inc. New 0.45% +0.45
META Meta Platforms Inc. Class A Add +1136.6% 0.44% +0.41
SYK Stryker Corp. Add +378.4% 0.48% +0.38
AMZN Amazon.com Inc. Add +0.2% 3.50% +0.23
SGOV iShares 0-3 Month Treasury B Add +55.2% 0.44% +0.13
RSP Invesco S&P 500 Equal Weight Add +15.8% 0.58% +0.06
QLYS Qualys Inc. Add +0.6% 1.19% +0.06
ORCL Oracle Corp. Add +0.1% 0.08% +0.02
VTI VG Morningstar TS MKT ETF-US New 0.02% +0.02
CEG Constellation Energy New 0.02% +0.02
NFLX Netflix Inc. Add +0.2% 0.09% +0.02
EFG iShares MSCI Eafe Growth ETF Add +1.9% 0.38% +0.02
QQQ Invesco QQQ Trust Series 1 New 0.02% +0.02
ALL Allstate Corp. New 0.02% +0.02
GS Goldman Sachs Group Inc. New 0.02% +0.02
IDEV iShares Core MSCI Dev MKTS Add +1.7% 0.45% +0.02
MAR Marriott International Class A New 0.02% +0.02
USMV iShares MSCI USA Min Vol Fac New 0.02% +0.02
JCI Johnson Controls Internation New 0.02% +0.02
ESGV Vanguard ESG US Stock ETF New 0.01% +0.01
IVW iShares S&P 500 Growth ETF New 0.01% +0.01
IWR iShares Russell Mid-Cap ETF New 0.01% +0.01
IWV iShares Russell 3000 ETF Add +0.0% 0.56% +0.01
IEMG iShares Core MSCI Emerging Add +2.4% 0.18% +0.01
IJH iShares Core S&P Midcap ETF Add +2.3% 1.06% +0.01
CSCO Cisco Systems Inc. Add +14.6% 0.03% +0.00
CCC CCC Intelligent Solutions Ho Add +5.4% 0.29% +0.00
VERX Vertex Inc. Class A Add +7.6% 0.62% +0.00
VEU Vanguard Ftse All-World Ex-U Add +0.4% 0.08% +0.00
F Ford Motor Co. Add +4.3% 0.05% +0.00
WMT Walmart Inc. Add +0.2% 0.07% +0.00
PH Parker Hannifin Corp. Add +0.3% 0.03% +0.00
IJR iShares Core S&P Small-Cap E Add +3.5% 0.86% +0.00
NVS Novartis AG-Sponsored ADR Add +4.1% 0.02% +0.00
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +4.6% 0.02% +0.00
BAC Bank of America Corp. Add +0.3% 0.02% +0.00
FBND Fidelity Total Bond ETF Add +8.3% 0.17% +0.00
DOV Dover Corp. Add +6.3% 0.02% +0.00
CSX CSX Corp. Add +0.3% 0.02% +0.00
FCOR Fidelity Corporate Bond ETF Add +6.2% 0.02% −0.00
FITB Fifth Third Bancorp Add +0.2% 0.02% −0.00
QCOM Qualcomm Inc. Add +0.4% 0.02% −0.00
LMT Lockheed Martin Corp. Add +0.3% 0.02% −0.00
GNTX Gentex Corp. Add +9.7% 0.03% −0.00
SBUX Starbucks Corp. Add +8.9% 0.03% −0.00
FLTB Fidelity Ltd. TRM BND ETF Add +3.0% 0.05% −0.00

Notes & Other Activity Q1 2025 → Q2 2025
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -9.0% 4,279 $5.0M
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Sold out 293 $362Kbefore exit
PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) 6.3 CUM PFD SR F Sold out 18,398 $322Kbefore exit

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