Palisade Asset Management, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 2, 2024), Palisade Asset Management, LLC reported 191 stock positions worth $967.1 million. Its top holding was Microsoft (MSFT) at 6.9% of the portfolio, followed by Apple (AAPL, 5.1%) and Unitedhealth (UNH, 3.5%). Compared with Q1 2024, it sold out of 217, added to 23 and reduced 100. The biggest buy was Unitedhealth (UNH, shares +3%) and the biggest sale Target (TGT, shares −4%).

Most Recent 13F
Q2 2026
Location
MINNEAPOLIS, MN
CIK
0001434323
Portfolio Value
$967.1M (Q2 2024)
SEC Filing
0001434323-24-000003 ↗ filed Aug 2, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.0B Q1 2024 Q2 2024: $967.1M $967.1M Q2 2024 Q3 2024: $1.0B Q3 2024 Q4 2024: $985.6M Q4 2024 Q1 2025: $973.6M Q1 2025 Q2 2025: $1.0B Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.0B Q4 2025 Q1 2026: $995.9M Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 191 stocks · $967.1M
MSFT Microsoft Corp. 6.86% 148,388 $66.3M Reduce -3.9%
AAPL Apple Inc. 5.13% 235,653 $49.6M Reduce -2.7%
UNH Unitedhealth Group Inc. 3.46% 65,774 $33.5M Add +3.3%
ORCL Oracle Corp. 2.80% 191,480 $27.0M Reduce -5.8%
HD Home Depot Inc. 2.63% 73,969 $25.5M Reduce -2.4%
ABT Abbott Laboratories 2.57% 239,468 $24.9M Reduce -3.5%
AMGN Amgen Inc. 2.34% 72,282 $22.6M Reduce -5.1%
SPY SS SPDR S&P 500 ETF Trust-US 2.32% 41,232 $22.4M Reduce -13.6%
TGT Target Corp. 2.31% 150,765 $22.3M Reduce -3.5%
PG The Procter & Gamble Co. 2.08% 121,744 $20.1M Reduce -4.4%
ECL Ecolab Inc. 1.94% 78,790 $18.8M Reduce -4.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.86% 103,775 $17.9M Reduce -3.5%
CSCO Cisco Systems Inc. 1.81% 369,161 $17.5M Reduce -3.0%
LLY Eli Lilly & Co. 1.80% 19,231 $17.4M Reduce -14.6%
JPM JPMorgan Chase & Co. 1.73% 82,509 $16.7M Reduce -0.9%
PEP Pepsico Inc. 1.65% 96,701 $15.9M Reduce -0.8%
ABBV Abbvie Inc. 1.59% 89,769 $15.4M Reduce -7.8%
JNJ Johnson & Johnson 1.59% 105,153 $15.4M Reduce -1.8%
ADP Automatic Data Processing 1.55% 62,910 $15.0M Reduce -5.9%
DE Deere & Co. 1.52% 39,227 $14.7M Add +0.7%
CVX Chevron Corp. 1.50% 92,884 $14.5M Add +0.5%
SYK Stryker Corp. 1.39% 39,457 $13.4M Reduce -6.2%
MCD McDonald's Corp. 1.37% 51,882 $13.2M Add +1.5%
GD General Dynamics Corp. 1.33% 44,415 $12.9M Reduce -0.7%
V Visa Inc. Class A 1.24% 45,801 $12.0M Reduce -3.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.24% 108,537 $11.9M Reduce -9.2%
CL Colgate-Palmolive Co. 1.24% 123,077 $11.9M Reduce -0.5%
TXN Texas Instruments Inc. 1.16% 57,679 $11.2M Add +0.5%
USB US Bancorp 1.15% 279,806 $11.1M Reduce -1.7%
BDX Becton Dickinson and Co. 1.14% 46,978 $11.0M Add +0.3%
LHX L3HARRIS Technologies Inc. 1.12% 48,249 $10.8M Add +0.6%
ACN Accenture PLC Class A 1.09% 34,903 $10.6M Add +7.0%
BLK BlackRock Finance Inc. 1.09% 13,333 $10.5M Reduce -0.2%
BALL Ball Corp. 1.08% 173,649 $10.4M Reduce -0.5%
TSCO Tractor Supply Company 1.08% 38,593 $10.4M Add +0.1%
MMM 3M Co. 1.06% 100,580 $10.3M Reduce -7.7%
RY Royal Bank of Canada 1.02% 92,644 $9.9M Reduce -5.4%
PNR Pentair PLC 0.90% 113,093 $8.7M No change
AMT American Tower Corp. 0.87% 43,253 $8.4M Reduce -2.7%
NVT Nvent Electric PLC 0.84% 106,035 $8.1M No change
RTX RTX Corp. 0.74% 70,952 $7.1M Reduce -6.5%
AFL Aflac Inc. 0.72% 78,369 $7.0M Reduce -0.8%
IWM iShares Russell 2000 ETF 0.72% 34,268 $7.0M Reduce -11.1%
XOM Exxon Mobil Corp. 0.71% 59,817 $6.9M No change
DCI Donaldson Co. Inc. 0.68% 91,250 $6.5M Reduce -7.7%
MDY State Street SPDR S&P Midcap 0.63% 11,462 $6.1M Reduce -8.8%
GIS General Mills Inc. 0.61% 93,998 $5.9M Reduce -5.7%
HRL Hormel Foods Corp. 0.59% 187,639 $5.7M Reduce -9.0%
TRV The Travelers Cos Inc. 0.56% 26,634 $5.4M Reduce -8.9%
DHR Danaher Corp. 0.54% 21,014 $5.3M Reduce -15.2%
GGG Graco Inc. 0.53% 64,774 $5.1M Reduce -2.5%
INTC Intel Corp. 0.50% 155,907 $4.8M Reduce -10.6%
XEL Xcel Energy Inc. 0.49% 88,546 $4.7M Reduce -7.8%
MDT Medtronic PLC 0.45% 55,264 $4.3M Reduce -6.0%
VTI VG Morningstar TS MKT ETF-US 0.43% 15,580 $4.2M Add +14.0%
WMT Walmart Inc. 0.43% 61,089 $4.1M Reduce -0.3%
KMB Kimberly-Clark Corp. 0.43% 29,800 $4.1M Reduce -11.6%
VOO Vanguard S&P 500 ETF 0.42% 8,179 $4.1M Reduce -0.6%
EMR Emerson Electric Co. 0.41% 36,097 $4.0M Reduce -0.4%
TECH Bio-Techne Corp. 0.41% 55,449 $4.0M Reduce -0.1%
HON Honeywell International Inc. 0.40% 17,906 $3.8M Reduce -12.7%
VZ Verizon Communications Inc. 0.38% 88,020 $3.6M Reduce -2.4%
FAST Fastenal Co. 0.37% 56,388 $3.5M No change
SO The Southern Co. 0.36% 45,394 $3.5M No change
GPC Genuine Parts Co. 0.36% 24,839 $3.4M Reduce -17.4%
IEFA iShares Core MSCI Eafe ETF 0.35% 46,373 $3.4M Add +0.1%
MRK Merck & Co. Inc. 0.35% 27,181 $3.4M Reduce -0.1%
IJH iShares Core S&P Midcap ETF 0.35% 57,330 $3.4M Add +0.7%
IJR iShares Core S&P Small-Cap E 0.33% 30,318 $3.2M Add +1.1%
CAT Caterpillar Inc. 0.33% 9,447 $3.1M Reduce -0.3%
APH Amphenol Corp. Class A 0.31% 44,400 $3.0M No change
CHRW C.H. Robinson Worldwide Inc. 0.31% 33,774 $3.0M Reduce -20.3%
T AT&T Inc. 0.31% 155,671 $3.0M Reduce -12.2%
EFA iShares MSCI Eafe ETF 0.31% 37,772 $3.0M Reduce -0.1%
ROST Ross Stores Inc. 0.31% 20,335 $3.0M Reduce -19.7%
FDX FedEx Corp. 0.29% 9,491 $2.8M Reduce -1.3%
KO The Coca-Cola Co. 0.28% 42,821 $2.7M Reduce -11.4%
MKC McCormick & Co.-Non VTG SHRS 0.26% 35,169 $2.5M Reduce -15.7%
KLAC KLA Corp. 0.26% 2,995 $2.5M Reduce -1.3%
MS Morgan Stanley 0.25% 24,721 $2.4M Reduce -20.6%
NKE Nike Inc. Class B 0.24% 30,963 $2.3M Reduce -25.8%
IWF iShares Russell 1000 Growth 0.24% 6,302 $2.3M Reduce -2.2%
FISV Fiserv Inc. 0.23% 15,002 $2.2M No change
HSY The Hershey Co. 0.22% 11,825 $2.2M Add +23550.0%
UPS United Parcel Service Class B 0.22% 15,847 $2.2M Reduce -17.6%
ASB Associated Banc-Corp. 0.22% 102,070 $2.2M No change
CNP Centerpoint Energy Inc. 0.22% 67,837 $2.1M Reduce -21.7%
SYY Sysco Corp. 0.22% 29,401 $2.1M Reduce -50.5%
MTD Mettler-Toledo International 0.21% 1,450 $2.0M No change
SCHW Schwab (charles) Corp. 0.20% 26,170 $1.9M Reduce -0.5%
NVDA Nvidia Corp. 0.20% 15,288 $1.9M No change
PAYX Paychex Inc. 0.19% 15,850 $1.9M No change
MCK McKesson Corp. 0.19% 3,150 $1.8M No change
ZBRA Zebra Technologies Corp. Class A 0.19% 5,885 $1.8M No change
GOOGL Alphabet Inc. Class A 0.19% 9,872 $1.8M No change
NVS Novartis AG-Sponsored ADR 0.18% 16,624 $1.8M Reduce -20.9%
AXP American Express Co. 0.18% 7,558 $1.8M No change
BRK.B Berkshire Hathaway Inc. Class B 0.18% 4,183 $1.7M No change
LOW Lowe's Cos Inc. 0.16% 7,213 $1.6M Reduce -1.4%
NEE Nextera Energy Inc. 0.16% 21,965 $1.6M Add +2.9%
ADM Archer-Daniels-Midland Co. 0.15% 24,372 $1.5M Reduce -15.2%
HUBB Hubbell Inc. 0.15% 4,000 $1.5M No change
GOOG Alphabet Inc. Class C 0.15% 7,946 $1.5M No change
COP Conocophillips 0.15% 12,722 $1.5M Reduce -0.4%
LIN Linde PLC 0.15% 3,260 $1.4M No change
PFE Pfizer Inc. 0.14% 48,940 $1.4M Add +0.0%
D Dominion Energy Inc. 0.14% 27,475 $1.3M Reduce -0.6%
AMP Ameriprise Financial Inc. 0.14% 3,109 $1.3M No change
SDY SS SPDR S&P Dividend ETF 0.13% 10,045 $1.3M Reduce -4.0%
XLE SS Energy Select Sector 0.12% 13,233 $1.2M Add +0.0%
UNP Union Pacific Corp. 0.12% 5,124 $1.2M No change
TSN Tyson Foods Inc. Class A 0.11% 19,005 $1.1M Reduce -3.8%
CLX Clorox Company 0.11% 7,955 $1.1M Reduce -16.8%
FHI Federated Hermes Inc. 0.11% 31,790 $1.0M Reduce -22.5%
VEA Vanguard Ftse Developed ETF 0.11% 21,066 $1.0M No change
JCI Johnson Controls Internation 0.11% 15,456 $1.0M Reduce -17.4%
VXUS Vanguard Total Intl Stock 0.10% 16,635 $1.0M Add +57.7%
WFC Wells Fargo & Co. 0.10% 16,813 $999K Reduce -7.2%
TIP iShares Tips Bond ETF 0.10% 9,237 $986K Reduce -1.1%
GL Globe Life Inc. 0.10% 11,244 $925K Reduce -25.0%
SOLV Solventum Corp. 0.10% 17,454 $923K Reduce -35.9%
ITW Illinois Tool Works 0.09% 3,867 $916K No change
VWO Vanguard Ftse Emerging Marke 0.09% 20,378 $892K No change
VIG Vanguard Dividend Apprec ETF 0.09% 4,881 $891K No change
PSX Phillips 66 0.09% 5,878 $830K No change
AMZN Amazon.com Inc. 0.09% 4,272 $826K Reduce -0.7%
EFG iShares MSCI Eafe Growth ETF 0.09% 8,032 $822K No change
CHD Church & Dwight Co. Inc. 0.08% 7,920 $821K No change
CAG Conagra Brands Inc. 0.08% 28,504 $810K Reduce -19.7%
FDS Factset Research Systems Inc. 0.08% 1,925 $786K Add +52.2%
PH Parker Hannifin Corp. 0.08% 1,507 $762K Reduce -3.1%
IWD iShares Russell 1000 Value E 0.08% 4,317 $753K No change
BMY Bristol-Myers Squibb Co. 0.08% 18,109 $752K Reduce -7.4%
CE Celanese Corp. 0.07% 5,379 $726K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.07% 6,938 $689K Add +1.5%
NOBL Proshares S&P 500 Dividend A 0.07% 7,100 $683K No change
SBUX Starbucks Corp. 0.07% 8,276 $644K Reduce -5.2%
COST Costco Wholesale Corp. 0.06% 715 $608K No change
IEMG iShares Core MSCI Emerging 0.06% 11,173 $598K Reduce -1.5%
FUL H.B. Fuller Co. filed as FULLER H B CO 0.06% 7,500 $577K No change
SHW The Sherwin-Williams Co. 0.06% 1,930 $576K No change
IJK iShares S&P Mid-Cap 400 Grow 0.06% 6,532 $576K No change
QUAL iShares MSCI USA Quality Fac 0.06% 3,358 $573K No change
AMCR Amcor PLC 0.06% 58,536 $572K Reduce -1.7%
AGG iShares Core U.S. Aggregate 0.06% 5,745 $558K No change
WMB Williams Cos Inc. 0.06% 12,984 $552K No change
PFG Principal Financial Group 0.06% 6,800 $533K No change
IVW iShares S&P 500 Growth ETF 0.05% 5,706 $528K No change
MPC Marathon Petroleum Corp. 0.05% 3,000 $520K No change
IWO iShares Russell 2000 Growth 0.05% 1,922 $505K No change
MDU Mdu Resources Group Inc. 0.05% 20,100 $505K Reduce -2.4%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.05% 4,610 $503K Reduce -10.8%
IWB iShares Russell 1000 ETF 0.05% 1,660 $494K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.05% 2,037 $493K No change
BND Vanguard Total Bond Market 0.05% 6,716 $484K Add +31.0%
NTRS Northern Trust Corp. 0.05% 5,738 $482K Reduce -2.2%
OEF iShares S&P 100 ETF 0.05% 1,817 $480K No change
EW Edwards Lifesciences Corp. 0.05% 4,985 $460K No change
IWR iShares Russell Mid-Cap ETF 0.05% 5,665 $459K Add +0.0%
ISRG Intuitive Surgical Inc. 0.05% 1,009 $449K No change
SCHF Schwab Intl Equity ETF 0.05% 11,552 $444K No change
EFV iShares MSCI Eafe Value ETF 0.04% 7,470 $396K No change
DVY iShares Select Dividend ETF 0.04% 3,221 $390K No change
AVGO Broadcom Inc. 0.04% 237 $381K No change
CVS CVS Health Corp. 0.04% 6,409 $379K Reduce -15.9%
NVO Novo-Nordisk A/S-Spons ADR 0.04% 2,646 $378K Reduce -15.6%
OMC Omnicom Group 0.04% 4,113 $369K No change
DTE DTE Energy Company 0.03% 3,000 $333K No change
ADBE Adobe Inc. 0.03% 588 $327K No change
IVV iShares Core S&P 500 ETF 0.03% 575 $315K Reduce -21.0%
AVDV Avantis Intl S/C Value ETF 0.03% 4,840 $314K No change
IOO iShares Global 100 ETF 0.03% 3,220 $311K No change
SWK Stanley Black & Decker Inc. 0.03% 3,729 $298K Reduce -23.0%
FICO Fair Isaac Corp. 0.03% 200 $298K No change
BAX Baxter International Inc. 0.03% 8,857 $296K Reduce -68.7%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.03% 750 $293K No change
KNF Knife River Corp. 0.03% 4,125 $289K Reduce -2.9%
SHEL Shell PLC-ADR 0.03% 3,921 $283K No change
IWN iShares Russell 2000 Value E 0.03% 1,784 $272K No change
ETN Eaton Corp. PLC 0.03% 833 $261K Reduce -27.6%
BA The Boeing Co. 0.03% 1,430 $260K No change
CB Chubb Ltd. 0.03% 1,003 $256K No change
SCHG Schwab US Large-Cap Growth 0.02% 2,371 $239K No change
GE General Electric filed as GE AEROSPACE 0.02% 1,500 $238K Add +0.3%
NOW ServiceNow Inc. 0.02% 300 $236K No change
IR Ingersoll-Rand Inc. 0.02% 2,550 $232K No change
GHC Graham Holdings Co. Class B 0.02% 327 $229K No change
WBA Walgreens Boots Alliance Inc. 0.02% 18,294 $221K Reduce -48.2%
DAL Delta Air Lines Inc. 0.02% 4,511 $214K No change
IEF iShares 7-10 Year Treasury B 0.02% 2,250 $211K No change
VLTO Veralto Corp. 0.02% 2,115 $202K Reduce -2.9%

Portfolio Sells Q1 2024 → Q2 2024
TGT Target Corp. Reduce -3.5% 2.31% −0.39
SYY Sysco Corp. Reduce -50.5% 0.22% −0.25
INTC Intel Corp. Reduce -10.6% 0.50% −0.25
HD Home Depot Inc. Reduce -2.4% 2.63% −0.20
ABT Abbott Laboratories Reduce -3.5% 2.57% −0.17
IBM Intl Business Machines Corp. Reduce -3.5% 1.86% −0.14
NKE Nike Inc. Class B Reduce -25.8% 0.24% −0.14
ABBV Abbvie Inc. Reduce -7.8% 1.59% −0.13
SPY SS SPDR S&P 500 ETF Trust-US Reduce -13.6% 2.32% −0.11
APA Apa Corp. Sold out 0.00% −0.11
HRL Hormel Foods Corp. Reduce -9.0% 0.59% −0.11
GPC Genuine Parts Co. Reduce -17.4% 0.36% −0.10
TRV The Travelers Cos Inc. Reduce -8.9% 0.56% −0.10
USB US Bancorp Reduce -1.7% 1.15% −0.09
BAX Baxter International Inc. Reduce -68.7% 0.03% −0.09
SYK Stryker Corp. Reduce -6.2% 1.39% −0.08
GL Globe Life Inc. Reduce -25.0% 0.10% −0.07
GGG Graco Inc. Reduce -2.5% 0.53% −0.07
ADP Automatic Data Processing Reduce -5.9% 1.55% −0.07
IWM iShares Russell 2000 ETF Reduce -11.1% 0.72% −0.07
BALL Ball Corp. Reduce -0.5% 1.08% −0.07
GIS General Mills Inc. Reduce -5.7% 0.61% −0.06
MMM 3M Co. Reduce -7.7% 1.06% −0.06
JNJ Johnson & Johnson Reduce -1.8% 1.59% −0.06
DHR Danaher Corp. Reduce -15.2% 0.54% −0.06
ROST Ross Stores Inc. Reduce -19.7% 0.31% −0.06
UPS United Parcel Service Class B Reduce -17.6% 0.22% −0.05
MKC McCormick & Co.-Non VTG SHRS Reduce -15.7% 0.26% −0.05
WBA Walgreens Boots Alliance Inc. Reduce -48.2% 0.02% −0.05
MDT Medtronic PLC Reduce -6.0% 0.45% −0.05
MDY State Street SPDR S&P Midcap Reduce -8.8% 0.63% −0.05
SOLV Solventum Corp. Reduce -35.9% 0.10% −0.04
DCI Donaldson Co. Inc. Reduce -7.7% 0.68% −0.04
V Visa Inc. Class A Reduce -3.2% 1.24% −0.04
CSCO Cisco Systems Inc. Reduce -3.0% 1.81% −0.04
MS Morgan Stanley Reduce -20.6% 0.25% −0.04
FHI Federated Hermes Inc. Reduce -22.5% 0.11% −0.04
CMCSA Comcast Corp. Class A Sold out 0.00% −0.03
CLX Clorox Company Reduce -16.8% 0.11% −0.03
BMY Bristol-Myers Squibb Co. Reduce -7.4% 0.08% −0.03
ADM Archer-Daniels-Midland Co. Reduce -15.2% 0.15% −0.02
CNP Centerpoint Energy Inc. Reduce -21.7% 0.22% −0.02
FTV Fortive Corp. Sold out 0.00% −0.02
REGL Prshrs S&P Mid 400 DVD Arist Sold out 0.00% −0.02
LW Lamb Weston Holdings Inc. Sold out 0.00% −0.02
CVS CVS Health Corp. Reduce -15.9% 0.04% −0.02
LEG Leggett & Platt Inc. Sold out 0.00% −0.02
SMDV Proshrs RSL 2000 DVD GRW ETF Sold out 0.00% −0.02
ACWI iShares MSCI Acwi ETF Sold out 0.00% −0.02
CAG Conagra Brands Inc. Reduce -19.7% 0.08% −0.02

Portfolio Buys Q1 2024 → Q2 2024
UNH Unitedhealth Group Inc. Add +3.3% 3.46% +0.39
HSY The Hershey Co. Add +23550.0% 0.22% +0.22
TXN Texas Instruments Inc. Add +0.5% 1.16% +0.19
LHX L3HARRIS Technologies Inc. Add +0.6% 1.12% +0.12
TSCO Tractor Supply Company Add +0.1% 1.08% +0.09
VTI VG Morningstar TS MKT ETF-US Add +14.0% 0.43% +0.09
CVX Chevron Corp. Add +0.5% 1.50% +0.08
VXUS Vanguard Total Intl Stock Add +57.7% 0.10% +0.04
NEE Nextera Energy Inc. Add +2.9% 0.16% +0.03
FDS Factset Research Systems Inc. Add +52.2% 0.08% +0.03
BND Vanguard Total Bond Market Add +31.0% 0.05% +0.01
IEFA iShares Core MSCI Eafe ETF Add +0.1% 0.35% +0.01
IJR iShares Core S&P Small-Cap E Add +1.1% 0.33% +0.01
IJH iShares Core S&P Midcap ETF Add +0.7% 0.35% +0.01
PFE Pfizer Inc. Add +0.0% 0.14% +0.01
BDX Becton Dickinson and Co. Add +0.3% 1.14% +0.01
XLE SS Energy Select Sector Add +0.0% 0.12% +0.00
IWR iShares Russell Mid-Cap ETF Add +0.0% 0.05% +0.00
GE General Electric Add +0.3% 0.02% −0.00
ACN Accenture PLC Class A Add +7.0% 1.09% −0.01
DIS The Walt Disney Co. Add +1.5% 0.07% −0.01
MCD McDonald's Corp. Add +1.5% 1.37% −0.04
DE Deere & Co. Add +0.7% 1.52% −0.04

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 204$1.1BAAPL, MSFT, CSCO, UNH, SPY
Q1 2026 195$995.9MAAPL, MSFT, CSCO, AMGN, ORCL
Q4 2025 193$1.0BMSFT, AAPL, ORCL, IBM, CSCO
Q3 2025 701$1.1BMSFT, AAPL, ORCL, ABT, IBM
Q2 2025 193$1.0BMSFT, AAPL, ORCL, IBM, ABT
Q1 2025 192$973.6MMSFT, AAPL, UNH, ABT, ORCL
Q4 2024 193$985.6MMSFT, AAPL, UNH, ORCL, HD
Q3 2024 197$1.0BMSFT, AAPL, UNH, ORCL, HD
Q2 2024 191$967.1MMSFT, AAPL, UNH, ORCL, HD
Q1 2024 407$1.0BMSFT, AAPL, UNH, HD, ABT