Northstar Asset Management Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed July 15, 2025), Northstar Asset Management Inc. reported 58 stock positions worth $338.0 million. Its top holding was Apple (AAPL) at 5.0% of the portfolio, followed by Automatic Data Processing (ADP, 5.0%) and Costco Wholesale (COST, 4.9%). Compared with Q4 2024, it opened 4 new positions, sold out of 4, added to 13 and reduced 37. The biggest buy was Berkshire Hathaway Class A (BRK.A, shares +27%) and the biggest sale an exit from Smith (a.o.) (AOS).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0000869304
- Portfolio Value
- $338.0M (Q1 2025)
- SEC Filing
- 0001172661-25-002606 ↗ filed Jul 15, 2025
Holdings Value
Holdings 58 stocks · $338.0M
| AAPL Apple Inc. | 4.97% | 75,649 | $16.8M | Reduce -18.3% |
| ADP Automatic Data Processing | 4.97% | 54,957 | $16.8M | Reduce -3.2% |
| COST Costco Wholesale Corp. | 4.88% | 17,429 | $16.5M | Reduce -11.1% |
| MSFT Microsoft Corp. | 4.76% | 42,872 | $16.1M | Reduce -9.4% |
| UL Unilever PLC | 4.59% | 260,394 | $15.5M | Reduce -0.5% |
| LIN Linde PLC | 4.51% | 32,720 | $15.2M | Reduce -17.1% |
| SYK Stryker Corp. | 4.45% | 40,430 | $15.1M | Reduce -19.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 4.27% | 118,577 | $14.4M | Reduce -3.8% |
| GOOGL Alphabet Inc. Class A | 4.11% | 89,811 | $13.9M | Reduce -3.2% |
| INTU Intuit Inc. | 3.70% | 20,387 | $12.5M | Reduce -1.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 3.31% | 14 | $11.2M | Add +27.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 3.05% | 148,376 | $10.3M | Add +3.9% |
| HD Home Depot Inc. | 2.98% | 27,511 | $10.1M | Reduce -17.3% |
| ETN Eaton Corp. PLC | 2.83% | 35,188 | $9.6M | Reduce -1.6% |
| XYL Xylem Inc. | 2.80% | 79,265 | $9.5M | Reduce -1.1% |
| CNI Canadian Natl Railway Co. | 2.78% | 96,375 | $9.4M | Add +2.0% |
| CRM Salesforce Inc. | 2.76% | 34,809 | $9.3M | Reduce -3.2% |
| IDXX Idexx Laboratories Inc. | 2.36% | 18,965 | $8.0M | Add +0.7% |
| FDX FedEx Corp. | 2.35% | 32,539 | $7.9M | Reduce -5.0% |
| DLR Digital Realty Trust Inc. | 2.32% | 54,670 | $7.8M | Reduce -2.1% |
| VLTO Veralto Corp. | 2.26% | 78,342 | $7.6M | Add +1.4% |
| IEX Idex Corp. | 2.11% | 39,466 | $7.1M | Add +3.1% |
| SFM Sprouts Farmers Market Inc. | 2.06% | 45,673 | $7.0M | Reduce -21.2% |
| EBC Eastern Bankshares Inc. | 1.98% | 407,857 | $6.7M | Add +0.0% |
| DHR Danaher Corp. | 1.97% | 32,528 | $6.7M | Reduce -0.2% |
| VOO Vanguard S&P 500 ETF | 1.89% | 12,405 | $6.4M | Reduce -16.2% |
| PYPL PayPal Holdings Inc. | 1.64% | 85,010 | $5.5M | Reduce -2.9% |
| ADBE Adobe Inc. | 1.62% | 14,263 | $5.5M | Add +5.2% |
| CWT California Water Service Grp | 1.46% | 101,529 | $4.9M | Add +7.0% |
| BR Broadridge Financial Solutio | 1.37% | 19,061 | $4.6M | Add +56.7% |
| BMI Badger Meter Inc. | 1.29% | 22,916 | $4.4M | Reduce -2.3% |
| ZM Zoom Communications Inc. | 0.94% | 42,942 | $3.2M | Reduce -5.4% |
| DDOG Datadog Inc. Class A | 0.84% | 28,529 | $2.8M | No change |
| VRSK Verisk Analytics Inc. | 0.68% | 7,717 | $2.3M | New |
| ALC Alcon Inc. filed as ALCON AG | 0.65% | 23,213 | $2.2M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.65% | 4,097 | $2.2M | Reduce -0.5% |
| WINA Winmark Corp. | 0.56% | 5,923 | $1.9M | Add +94.1% |
| NVDA Nvidia Corp. | 0.40% | 12,385 | $1.3M | Reduce -9.3% |
| MSEX Middlesex Water Co. | 0.37% | 19,347 | $1.2M | New |
| ANET Arista Networks Inc. | 0.35% | 15,357 | $1.2M | New |
| GOOG Alphabet Inc. Class C | 0.26% | 5,724 | $894K | Add +0.7% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.24% | 832 | $822K | No change |
| CSCO Cisco Systems Inc. | 0.20% | 11,006 | $679K | Reduce -13.4% |
| PG The Procter & Gamble Co. | 0.18% | 3,488 | $594K | Reduce -18.9% |
| AMZN Amazon.com Inc. | 0.15% | 2,692 | $512K | Reduce -3.5% |
| OEF iShares S&P 100 ETF | 0.14% | 1,729 | $468K | Reduce -17.3% |
| IWF iShares Russell 1000 Growth | 0.13% | 1,215 | $439K | No change |
| TDY Teledyne Technologies Inc. | 0.13% | 863 | $430K | Reduce -0.8% |
| ITW Illinois Tool Works | 0.11% | 1,502 | $373K | Reduce -85.6% |
| PEP Pepsico Inc. | 0.10% | 2,322 | $348K | Reduce -18.7% |
| IVV iShares Core S&P 500 ETF | 0.09% | 533 | $299K | Reduce -23.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.08% | 1,027 | $282K | Reduce -15.8% |
| META Meta Platforms Inc. Class A | 0.07% | 437 | $252K | Reduce -5.0% |
| TIP iShares Tips Bond ETF | 0.07% | 2,191 | $243K | Add +9.6% |
| TSLA Tesla Inc. | 0.07% | 904 | $234K | Reduce -77.9% |
| IWD iShares Russell 1000 Value E | 0.07% | 1,210 | $228K | Reduce -15.2% |
| MCD McDonald's Corp. | 0.06% | 695 | $217K | Reduce -13.0% |
| TLRY Tilray Brands Inc. | 0.03% | 149,886 | $99K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| AOS Smith (a.o.) Corp. | Sold out | 0.00% | −2.09 |
| AAPL Apple Inc. | Reduce -18.3% | 4.97% | −1.12 |
| ITW Illinois Tool Works | Reduce -85.6% | 0.11% | −0.58 |
| GOOGL Alphabet Inc. Class A | Reduce -3.2% | 4.11% | −0.50 |
| MSFT Microsoft Corp. | Reduce -9.4% | 4.76% | −0.48 |
| HD Home Depot Inc. | Reduce -17.3% | 2.98% | −0.41 |
| CRM Salesforce Inc. | Reduce -3.2% | 2.76% | −0.39 |
| TSLA Tesla Inc. | Reduce -77.9% | 0.07% | −0.36 |
| PYPL PayPal Holdings Inc. | Reduce -2.9% | 1.64% | −0.32 |
| ETN Eaton Corp. PLC | Reduce -1.6% | 2.83% | −0.29 |
| DLR Digital Realty Trust Inc. | Reduce -2.1% | 2.32% | −0.28 |
| SYK Stryker Corp. | Reduce -19.0% | 4.45% | −0.27 |
| VOO Vanguard S&P 500 ETF | Reduce -16.2% | 1.89% | −0.21 |
| AWR American States Water Co. | Sold out | 0.00% | −0.20 |
| FDX FedEx Corp. | Reduce -5.0% | 2.35% | −0.18 |
| SAFT Safety Insurance Group Inc. | Sold out | 0.00% | −0.11 |
| NVDA Nvidia Corp. | Reduce -9.3% | 0.40% | −0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.08 |
| ZM Zoom Communications Inc. | Reduce -5.4% | 0.94% | −0.04 |
| OEF iShares S&P 100 ETF | Reduce -17.3% | 0.14% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -23.4% | 0.09% | −0.02 |
| BMI Badger Meter Inc. | Reduce -2.3% | 1.29% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -18.9% | 0.18% | −0.01 |
| PEP Pepsico Inc. | Reduce -18.7% | 0.10% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -15.8% | 0.08% | −0.01 |
| AMZN Amazon.com Inc. | Reduce -3.5% | 0.15% | −0.01 |
| IWD iShares Russell 1000 Value E | Reduce -15.2% | 0.07% | −0.00 |
| MCD McDonald's Corp. | Reduce -13.0% | 0.06% | +0.00 |
| CSCO Cisco Systems Inc. | Reduce -13.4% | 0.20% | +0.00 |
| META Meta Platforms Inc. Class A | Reduce -5.0% | 0.07% | +0.00 |
| DHR Danaher Corp. | Reduce -0.2% | 1.97% | +0.01 |
| TDY Teledyne Technologies Inc. | Reduce -0.8% | 0.13% | +0.02 |
| SFM Sprouts Farmers Market Inc. | Reduce -21.2% | 2.06% | +0.13 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.5% | 0.65% | +0.16 |
| COST Costco Wholesale Corp. | Reduce -11.1% | 4.88% | +0.16 |
| LIN Linde PLC | Reduce -17.1% | 4.51% | +0.17 |
| INTU Intuit Inc. | Reduce -1.1% | 3.70% | +0.30 |
| XYL Xylem Inc. | Reduce -1.1% | 2.80% | +0.36 |
| TJX TJX Companies Inc. | Reduce -3.8% | 4.27% | +0.36 |
| ADP Automatic Data Processing | Reduce -3.2% | 4.97% | +0.60 |
| UL Unilever PLC | Reduce -0.5% | 4.59% | +0.69 |
Portfolio Buys Q4 2024 → Q1 2025
| BRK.A Berkshire Hathaway Inc. Class A | Add +27.3% | 3.31% | +1.34 |
| VRSK Verisk Analytics Inc. | New | 0.68% | +0.68 |
| ALC Alcon Inc. | New | 0.65% | +0.65 |
| BR Broadridge Financial Solutio | Add +56.7% | 1.37% | +0.65 |
| MSEX Middlesex Water Co. | New | 0.37% | +0.37 |
| ANET Arista Networks Inc. | New | 0.35% | +0.35 |
| CWT California Water Service Grp | Add +7.0% | 1.46% | +0.33 |
| IDXX Idexx Laboratories Inc. | Add +0.7% | 2.36% | +0.31 |
| CNI Canadian Natl Railway Co. | Add +2.0% | 2.78% | +0.26 |
| WINA Winmark Corp. | Add +94.1% | 0.56% | +0.24 |
| VLTO Veralto Corp. | Add +1.4% | 2.26% | +0.19 |
| EBC Eastern Bankshares Inc. | Add +0.0% | 1.98% | +0.13 |
| ADBE Adobe Inc. | Add +5.2% | 1.62% | +0.04 |
| TIP iShares Tips Bond ETF | Add +9.6% | 0.07% | +0.02 |
| IEX Idex Corp. | Add +3.1% | 2.11% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +0.7% | 0.26% | −0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +3.9% | 3.05% | −0.18 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 91 | $341.2M | DSI, GOOGL, VSGX, AAPL, MSFT |
| Q1 2026 | 86 | $325.9M | DSI, GOOGL, AAPL, MSFT, COST |
| Q4 2025 | 88 | $387.2M | GOOGL, AAPL, MSFT, TJX, COST |
| Q3 2025 | 70 | $384.6M | MSFT, GOOGL, AAPL, TJX, ADP |
| Q2 2025 | 61 | $361.8M | MSFT, COST, ADP, SYK, UL |
| Q1 2025Amended | 58 | $338.0M | AAPL, ADP, COST, MSFT, UL |
| Q4 2024Amended | 58 | $380.9M | AAPL, MSFT, SYK, COST, GOOGL |
| Q3 2024Amended | 58 | $407.2M | AAPL, MSFT, LIN, SYK, COST |
| Q2 2024Amended | 58 | $391.6M | MSFT, AAPL, NVO, COST, LIN |
| Q1 2024Amended | 57 | $569.6M | BRK.A, MSFT, LIN, NVO, SYK |