Palisade Asset Management, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 1, 2024), Palisade Asset Management, LLC reported 407 stock positions worth $1.0 billion. Its top holding was Microsoft (MSFT) at 6.3% of the portfolio, followed by Apple (AAPL, 4.0%) and Unitedhealth (UNH, 3.1%). Compared with Q4 2023, it opened 217 new positions, sold out of 8, added to 58 and reduced 79. The biggest buy was Pentair (PNR, shares +764%) and the biggest sale Amgen (AMGN, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0001434323
- Portfolio Value
- $1.0B (Q1 2024)
- SEC Filing
- 0001434323-24-000002 ↗ filed May 1, 2024
Holdings Value
Holdings 407 stocks · $1.0B
| MSFT Microsoft Corp. | 6.33% | 154,471 | $65.0M | Reduce -0.7% |
| AAPL Apple Inc. | 4.04% | 242,164 | $41.5M | Add +6.4% |
| UNH Unitedhealth Group Inc. | 3.07% | 63,685 | $31.5M | Add +21.5% |
| HD Home Depot Inc. | 2.83% | 75,762 | $29.1M | Add +0.2% |
| ABT Abbott Laboratories | 2.75% | 248,018 | $28.2M | Add +18.6% |
| TGT Target Corp. | 2.70% | 156,297 | $27.7M | Add +13.3% |
| ORCL Oracle Corp. | 2.49% | 203,375 | $25.5M | Reduce -1.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.43% | 47,731 | $25.0M | Reduce -0.4% |
| AMGN Amgen Inc. | 2.11% | 76,168 | $21.7M | Reduce -0.3% |
| PG The Procter & Gamble Co. | 2.01% | 127,391 | $20.7M | Add +0.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.00% | 107,565 | $20.5M | Add +1.1% |
| ECL Ecolab Inc. | 1.86% | 82,500 | $19.0M | Reduce -0.3% |
| CSCO Cisco Systems Inc. | 1.85% | 380,726 | $19.0M | Reduce -0.8% |
| ABBV Abbvie Inc. | 1.73% | 97,341 | $17.7M | Add +65.6% |
| LLY Eli Lilly & Co. | 1.71% | 22,509 | $17.5M | Reduce -0.9% |
| PEP Pepsico Inc. | 1.66% | 97,533 | $17.1M | Add +4.0% |
| JNJ Johnson & Johnson | 1.65% | 107,112 | $16.9M | Add +6.8% |
| ADP Automatic Data Processing | 1.63% | 66,864 | $16.7M | Reduce -0.9% |
| JPM JPMorgan Chase & Co. | 1.62% | 83,287 | $16.7M | Reduce -0.9% |
| DE Deere & Co. | 1.56% | 38,959 | $16.0M | Add +0.4% |
| SYK Stryker Corp. | 1.47% | 42,047 | $15.0M | Add +7.3% |
| CVX Chevron Corp. | 1.42% | 92,386 | $14.6M | Add +0.3% |
| MCD McDonald's Corp. | 1.40% | 51,129 | $14.4M | Add +2.2% |
| V Visa Inc. Class A | 1.29% | 47,305 | $13.2M | Reduce -1.9% |
| USB US Bancorp | 1.24% | 284,628 | $12.7M | Add +11.3% |
| GD General Dynamics Corp. | 1.23% | 44,714 | $12.6M | Reduce -0.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.18% | 119,502 | $12.1M | Reduce -0.4% |
| BALL Ball Corp. | 1.15% | 174,571 | $11.8M | Reduce -0.3% |
| BDX Becton Dickinson and Co. | 1.13% | 46,847 | $11.6M | Add +1.5% |
| MMM 3M Co. | 1.13% | 108,972 | $11.6M | Add +0.8% |
| ACN Accenture PLC Class A | 1.10% | 32,605 | $11.3M | Add +0.1% |
| CL Colgate-Palmolive Co. | 1.09% | 123,713 | $11.1M | Add +0.7% |
| BLK BlackRock Finance Inc. | 1.08% | 13,361 | $11.1M | Reduce -0.2% |
| LHX L3HARRIS Technologies Inc. | 1.00% | 47,985 | $10.2M | Add +0.5% |
| TSCO Tractor Supply Company | 0.98% | 38,572 | $10.1M | Add +4.3% |
| TXN Texas Instruments Inc. | 0.97% | 57,374 | $10.0M | Add +6.0% |
| RY Royal Bank of Canada | 0.96% | 97,977 | $9.9M | Reduce -0.2% |
| PNR Pentair PLC | 0.94% | 113,093 | $9.7M | Add +763.8% |
| AMT American Tower Corp. | 0.86% | 44,470 | $8.8M | Add +6.5% |
| IWM iShares Russell 2000 ETF | 0.79% | 38,541 | $8.1M | Reduce -0.0% |
| NVT Nvent Electric PLC | 0.78% | 106,035 | $8.0M | Add +1657.0% |
| INTC Intel Corp. | 0.75% | 174,386 | $7.7M | Reduce -0.8% |
| RTX RTX Corp. | 0.72% | 75,916 | $7.4M | Reduce -0.3% |
| DCI Donaldson Co. Inc. | 0.72% | 98,870 | $7.4M | Reduce -1.8% |
| HRL Hormel Foods Corp. | 0.70% | 206,210 | $7.2M | Add +0.5% |
| MDY State Street SPDR S&P Midcap | 0.68% | 12,562 | $7.0M | Reduce -15.4% |
| GIS General Mills Inc. | 0.68% | 99,705 | $7.0M | Add +20.7% |
| XOM Exxon Mobil Corp. | 0.68% | 59,817 | $7.0M | Add +2.4% |
| AFL Aflac Inc. | 0.66% | 79,020 | $6.8M | No change |
| TRV The Travelers Cos Inc. | 0.66% | 29,224 | $6.7M | Add +4.6% |
| GGG Graco Inc. | 0.60% | 66,444 | $6.2M | Add +2.3% |
| DHR Danaher Corp. | 0.60% | 24,780 | $6.2M | Reduce -0.4% |
| XEL Xcel Energy Inc. | 0.50% | 96,036 | $5.2M | Reduce -7.0% |
| MDT Medtronic PLC | 0.50% | 58,823 | $5.1M | Reduce -0.5% |
| SYY Sysco Corp. | 0.47% | 59,451 | $4.8M | Reduce -6.2% |
| GPC Genuine Parts Co. | 0.45% | 30,087 | $4.7M | Reduce -1.8% |
| KMB Kimberly-Clark Corp. | 0.42% | 33,703 | $4.4M | Reduce -3.7% |
| FAST Fastenal Co. | 0.42% | 56,388 | $4.3M | Add +0.5% |
| HON Honeywell International Inc. | 0.41% | 20,514 | $4.2M | Reduce -2.1% |
| EMR Emerson Electric Co. | 0.40% | 36,252 | $4.1M | Reduce -2.0% |
| VOO Vanguard S&P 500 ETF | 0.39% | 8,232 | $4.0M | Reduce -0.1% |
| NKE Nike Inc. Class B | 0.38% | 41,737 | $3.9M | Reduce -1.6% |
| TECH Bio-Techne Corp. | 0.38% | 55,534 | $3.9M | Add +20.1% |
| VZ Verizon Communications Inc. | 0.37% | 90,200 | $3.8M | Add +0.1% |
| ROST Ross Stores Inc. | 0.36% | 25,335 | $3.7M | Reduce -0.4% |
| WMT Walmart Inc. | 0.36% | 61,284 | $3.7M | Reduce -2.1% |
| MRK Merck & Co. Inc. | 0.35% | 27,196 | $3.6M | Reduce -0.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.35% | 13,663 | $3.6M | New |
| CAT Caterpillar Inc. | 0.34% | 9,472 | $3.5M | No change |
| IJH iShares Core S&P Midcap ETF | 0.34% | 56,910 | $3.5M | Reduce -0.6% |
| IEFA iShares Core MSCI Eafe ETF | 0.34% | 46,343 | $3.4M | Reduce -0.3% |
| IJR iShares Core S&P Small-Cap E | 0.32% | 29,973 | $3.3M | Add +1.9% |
| SO The Southern Co. | 0.32% | 45,394 | $3.3M | No change |
| CHRW C.H. Robinson Worldwide Inc. | 0.31% | 42,381 | $3.2M | Reduce -3.9% |
| MKC McCormick & Co.-Non VTG SHRS | 0.31% | 41,702 | $3.2M | Reduce -1.1% |
| T AT&T Inc. | 0.30% | 177,357 | $3.1M | Add +0.4% |
| EFA iShares MSCI Eafe ETF | 0.29% | 37,797 | $3.0M | Reduce -16.2% |
| KO The Coca-Cola Co. | 0.29% | 48,336 | $3.0M | Add +0.1% |
| MS Morgan Stanley | 0.29% | 31,125 | $2.9M | Reduce -0.3% |
| UPS United Parcel Service Class B | 0.28% | 19,229 | $2.9M | Reduce -3.0% |
| FDX FedEx Corp. | 0.27% | 9,613 | $2.8M | Reduce -0.6% |
| APH Amphenol Corp. Class A | 0.25% | 22,200 | $2.6M | No change |
| CNP Centerpoint Energy Inc. | 0.24% | 86,634 | $2.5M | No change |
| FISV Fiserv Inc. | 0.23% | 15,002 | $2.4M | No change |
| ASB Associated Banc-Corp. | 0.21% | 102,070 | $2.2M | No change |
| IWF iShares Russell 1000 Growth | 0.21% | 6,446 | $2.2M | No change |
| KLAC KLA Corp. | 0.21% | 3,035 | $2.1M | Reduce -0.8% |
| NVS Novartis AG-Sponsored ADR | 0.20% | 21,024 | $2.0M | Reduce -8.1% |
| PAYX Paychex Inc. | 0.19% | 15,850 | $1.9M | No change |
| MTD Mettler-Toledo International | 0.19% | 1,450 | $1.9M | No change |
| SCHW Schwab (charles) Corp. | 0.19% | 26,295 | $1.9M | Add +0.8% |
| LOW Lowe's Cos Inc. | 0.18% | 7,313 | $1.9M | Reduce -6.6% |
| ADM Archer-Daniels-Midland Co. | 0.18% | 28,735 | $1.8M | Reduce -3.8% |
| ZBRA Zebra Technologies Corp. Class A | 0.17% | 5,885 | $1.8M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.17% | 4,183 | $1.8M | Reduce -4.0% |
| GL Globe Life Inc. | 0.17% | 14,992 | $1.7M | No change |
| AXP American Express Co. | 0.17% | 7,558 | $1.7M | Reduce -5.5% |
| MCK McKesson Corp. | 0.16% | 3,150 | $1.7M | No change |
| HUBB Hubbell Inc. | 0.16% | 4,000 | $1.7M | No change |
| COP Conocophillips | 0.16% | 12,772 | $1.6M | Add +2.0% |
Portfolio Sells Q4 2023 → Q1 2024
| AMGN Amgen Inc. | Reduce -0.3% | 2.11% | −0.30 |
| CSCO Cisco Systems Inc. | Reduce -0.8% | 1.85% | −0.27 |
| INTC Intel Corp. | Reduce -0.8% | 0.75% | −0.22 |
| XEL Xcel Energy Inc. | Reduce -7.0% | 0.50% | −0.20 |
| MDY State Street SPDR S&P Midcap | Reduce -15.4% | 0.68% | −0.14 |
| BAX Baxter International Inc. | Reduce -51.5% | 0.12% | −0.13 |
| RY Royal Bank of Canada | Reduce -0.2% | 0.96% | −0.13 |
| NKE Nike Inc. Class B | Reduce -1.6% | 0.38% | −0.12 |
| BLK BlackRock Finance Inc. | Reduce -0.2% | 1.08% | −0.11 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -3.9% | 0.31% | −0.10 |
| ADP Automatic Data Processing | Reduce -0.9% | 1.63% | −0.10 |
| V Visa Inc. Class A | Reduce -1.9% | 1.29% | −0.09 |
| MSFT Microsoft Corp. | Reduce -0.7% | 6.33% | −0.08 |
| EFA iShares MSCI Eafe ETF | Reduce -16.2% | 0.29% | −0.08 |
| HON Honeywell International Inc. | Reduce -2.1% | 0.41% | −0.07 |
| SCHF Schwab Intl Equity ETF | Reduce -59.3% | 0.04% | −0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.4% | 2.43% | −0.07 |
| UPS United Parcel Service Class B | Reduce -3.0% | 0.28% | −0.06 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -40.8% | 0.08% | −0.06 |
| ADM Archer-Daniels-Midland Co. | Reduce -3.8% | 0.18% | −0.06 |
| IWM iShares Russell 2000 ETF | Reduce -0.0% | 0.79% | −0.06 |
| SCHA Schwab US Small-Cap ETF | Reduce -76.8% | 0.02% | −0.06 |
| NVS Novartis AG-Sponsored ADR | Reduce -8.1% | 0.20% | −0.06 |
| TJX TJX Companies Inc. | Reduce -0.4% | 1.18% | −0.05 |
| IEMG iShares Core MSCI Emerging | Reduce -42.2% | 0.06% | −0.05 |
| AGG iShares Core U.S. Aggregate | Reduce -40.5% | 0.05% | −0.05 |
| GD General Dynamics Corp. | Reduce -0.4% | 1.23% | −0.05 |
| XLRE SS Real Estate Select Sector | Sold out | 0.00% | −0.04 |
| KMB Kimberly-Clark Corp. | Reduce -3.7% | 0.42% | −0.04 |
| VIOO Vanguard S&P Small-Cap 600 E | Sold out | 0.00% | −0.04 |
| SYY Sysco Corp. | Reduce -6.2% | 0.47% | −0.04 |
| MDT Medtronic PLC | Reduce -0.5% | 0.50% | −0.03 |
| MS Morgan Stanley | Reduce -0.3% | 0.29% | −0.03 |
| XLF SS Financial Select Sector | Reduce -97.1% | 0.00% | −0.03 |
| SBUX Starbucks Corp. | Reduce -16.8% | 0.08% | −0.03 |
| XLI SS Industrial Select Sector | Sold out | 0.00% | −0.03 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −0.03 |
| DHR Danaher Corp. | Reduce -0.4% | 0.60% | −0.03 |
| SCHM Schwab US Mid Cap ETF | Sold out | 0.00% | −0.03 |
| ENSG The Ensign Group Inc. | Sold out | 0.00% | −0.03 |
| CHE Chemed Corp. | Reduce -69.3% | 0.01% | −0.03 |
| SPEM State Street SP PTF Em ETF | Sold out | 0.00% | −0.03 |
| SLYV SS SPDR S&P 600 SC Val ETF | Sold out | 0.00% | −0.02 |
| ROST Ross Stores Inc. | Reduce -0.4% | 0.36% | −0.02 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -0.3% | 0.34% | −0.02 |
| UNP Union Pacific Corp. | Reduce -1.4% | 0.12% | −0.02 |
| LEG Leggett & Platt Inc. | Reduce -6.3% | 0.02% | −0.01 |
| GPC Genuine Parts Co. | Reduce -1.8% | 0.45% | −0.01 |
| SWK Stanley Black & Decker Inc. | Reduce -9.2% | 0.05% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -0.6% | 0.34% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| PNR Pentair PLC | Add +763.8% | 0.94% | +0.84 |
| NVT Nvent Electric PLC | Add +1657.0% | 0.78% | +0.74 |
| ABBV Abbvie Inc. | Add +65.6% | 1.73% | +0.73 |
| TGT Target Corp. | Add +13.3% | 2.70% | +0.54 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.35% | +0.35 |
| ABT Abbott Laboratories | Add +18.6% | 2.75% | +0.22 |
| SYK Stryker Corp. | Add +7.3% | 1.47% | +0.18 |
| TSCO Tractor Supply Company | Add +4.3% | 0.98% | +0.11 |
| APA Apa Corp. | New | 0.11% | +0.11 |
| IBM Intl Business Machines Corp. | Add +1.1% | 2.00% | +0.09 |
| GIS General Mills Inc. | Add +20.7% | 0.68% | +0.09 |
| TRV The Travelers Cos Inc. | Add +4.6% | 0.66% | +0.07 |
| VXUS Vanguard Total Intl Stock | New | 0.06% | +0.06 |
| UNH Unitedhealth Group Inc. | Add +21.5% | 3.07% | +0.04 |
| XOM Exxon Mobil Corp. | Add +2.4% | 0.68% | +0.04 |
| IVV iShares Core S&P 500 ETF | New | 0.04% | +0.04 |
| QUAL iShares MSCI USA Quality Fac | Add +134.5% | 0.05% | +0.03 |
| GE General Electric | New | 0.03% | +0.03 |
| USB US Bancorp | Add +11.3% | 1.24% | +0.03 |
| FAST Fastenal Co. | Add +0.5% | 0.42% | +0.03 |
| FTV Fortive Corp. | New | 0.02% | +0.02 |
| SCHG Schwab US Large-Cap Growth | New | 0.02% | +0.02 |
| DAL Delta Air Lines Inc. | New | 0.02% | +0.02 |
| REGL Prshrs S&P Mid 400 DVD Arist | New | 0.02% | +0.02 |
| LW Lamb Weston Holdings Inc. | New | 0.02% | +0.02 |
| ACWI iShares MSCI Acwi ETF | New | 0.02% | +0.02 |
| PFF iShares Preferred & Income S | New | 0.02% | +0.02 |
| CABO Cable One Inc. | New | 0.02% | +0.02 |
| MDLZ Mondelez International Inc. Class A | New | 0.02% | +0.02 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | New | 0.02% | +0.02 |
| HDV iShares Core High Dividend E | New | 0.02% | +0.02 |
| BSX Boston Scientific Corp. | New | 0.02% | +0.02 |
| DXCM Dexcom Inc. | New | 0.02% | +0.02 |
| MUB iShares National Muni Bond E | New | 0.02% | +0.02 |
| MU Micron Technology Inc. | New | 0.02% | +0.02 |
| ATR Aptargroup Inc. | New | 0.02% | +0.02 |
| DIS The Walt Disney Co. | Add +2.3% | 0.08% | +0.02 |
| PYPL PayPal Holdings Inc. | New | 0.02% | +0.02 |
| BSCP Invesco Bulletshares 2025 CB | New | 0.01% | +0.01 |
| VT Vanguard Tot World STK ETF | New | 0.01% | +0.01 |
| EEM iShares MSCI Emerging Market | New | 0.01% | +0.01 |
| GOVT iShares US Treasury Bond ETF | New | 0.01% | +0.01 |
| BAB Invesco Taxable Municipal Bo | New | 0.01% | +0.01 |
| CSX CSX Corp. | New | 0.01% | +0.01 |
| MSI Motorola Solutions Inc. | New | 0.01% | +0.01 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | New | 0.01% | +0.01 |
| RPM RPM International Inc. | New | 0.01% | +0.01 |
| AEP American Electric Power | New | 0.01% | +0.01 |
| TSLA Tesla Inc. | New | 0.01% | +0.01 |
| CL Colgate-Palmolive Co. | Add +0.7% | 1.09% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 204 | $1.1B | AAPL, MSFT, CSCO, UNH, SPY |
| Q1 2026 | 195 | $995.9M | AAPL, MSFT, CSCO, AMGN, ORCL |
| Q4 2025 | 193 | $1.0B | MSFT, AAPL, ORCL, IBM, CSCO |
| Q3 2025 | 701 | $1.1B | MSFT, AAPL, ORCL, ABT, IBM |
| Q2 2025 | 193 | $1.0B | MSFT, AAPL, ORCL, IBM, ABT |
| Q1 2025 | 192 | $973.6M | MSFT, AAPL, UNH, ABT, ORCL |
| Q4 2024 | 193 | $985.6M | MSFT, AAPL, UNH, ORCL, HD |
| Q3 2024 | 197 | $1.0B | MSFT, AAPL, UNH, ORCL, HD |
| Q2 2024 | 191 | $967.1M | MSFT, AAPL, UNH, ORCL, HD |
| Q1 2024 | 407 | $1.0B | MSFT, AAPL, UNH, HD, ABT |