Palisade Asset Management, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Palisade Asset Management, LLC reported 197 stock positions worth $1.0 billion. Its top holding was Microsoft (MSFT) at 6.0% of the portfolio, followed by Apple (AAPL, 5.3%) and Unitedhealth (UNH, 3.7%). Compared with Q2 2024, it opened 8 new positions, sold out of 2, added to 51 and reduced 82. The biggest buy was McDonald's (MCD, shares +1%) and the biggest sale Microsoft (MSFT, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0001434323
- Portfolio Value
- $1.0B (Q3 2024)
- SEC Filing
- 0001434323-24-000004 ↗ filed Nov 12, 2024
Holdings Value
Holdings 197 stocks · $1.0B
| MSFT Microsoft Corp. | 6.01% | 142,646 | $61.4M | Reduce -3.9% |
| AAPL Apple Inc. | 5.34% | 234,033 | $54.5M | Reduce -0.7% |
| UNH Unitedhealth Group Inc. | 3.74% | 65,253 | $38.2M | Reduce -0.8% |
| ORCL Oracle Corp. | 3.16% | 189,520 | $32.3M | Reduce -1.0% |
| HD Home Depot Inc. | 2.79% | 70,302 | $28.5M | Reduce -5.0% |
| ABT Abbott Laboratories | 2.63% | 235,501 | $26.8M | Reduce -1.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.30% | 40,887 | $23.5M | Reduce -0.8% |
| TGT Target Corp. | 2.28% | 149,327 | $23.3M | Reduce -0.9% |
| AMGN Amgen Inc. | 2.27% | 71,948 | $23.2M | Reduce -0.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.24% | 103,455 | $22.9M | Reduce -0.3% |
| PG The Procter & Gamble Co. | 2.01% | 118,357 | $20.5M | Reduce -2.8% |
| CSCO Cisco Systems Inc. | 1.93% | 369,840 | $19.7M | Add +0.2% |
| ECL Ecolab Inc. | 1.92% | 76,764 | $19.6M | Reduce -2.6% |
| ABBV Abbvie Inc. | 1.74% | 89,968 | $17.8M | Add +0.2% |
| ADP Automatic Data Processing | 1.70% | 62,641 | $17.3M | Reduce -0.4% |
| JPM JPMorgan Chase & Co. | 1.68% | 81,231 | $17.1M | Reduce -1.6% |
| JNJ Johnson & Johnson | 1.66% | 104,826 | $17.0M | Reduce -0.3% |
| LLY Eli Lilly & Co. | 1.65% | 19,070 | $16.9M | Reduce -0.8% |
| PEP Pepsico Inc. | 1.63% | 98,138 | $16.7M | Add +1.5% |
| DE Deere & Co. | 1.57% | 38,539 | $16.1M | Reduce -1.8% |
| MCD McDonald's Corp. | 1.56% | 52,155 | $15.9M | Add +0.5% |
| CVX Chevron Corp. | 1.38% | 95,388 | $14.0M | Add +2.7% |
| SYK Stryker Corp. | 1.36% | 38,313 | $13.8M | Reduce -2.9% |
| MMM 3M Co. | 1.32% | 98,629 | $13.5M | Reduce -1.9% |
| GD General Dynamics Corp. | 1.30% | 43,929 | $13.3M | Reduce -1.1% |
| BLK BlackRock Finance Inc. | 1.24% | 13,367 | $12.7M | Add +0.3% |
| USB US Bancorp | 1.24% | 276,180 | $12.6M | Reduce -1.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.23% | 107,018 | $12.6M | Reduce -1.4% |
| CL Colgate-Palmolive Co. | 1.23% | 121,074 | $12.6M | Reduce -1.6% |
| V Visa Inc. Class A | 1.23% | 45,662 | $12.6M | Reduce -0.3% |
| ACN Accenture PLC Class A | 1.21% | 35,092 | $12.4M | Add +0.5% |
| TXN Texas Instruments Inc. | 1.17% | 58,005 | $12.0M | Add +0.6% |
| BALL Ball Corp. | 1.15% | 172,756 | $11.7M | Reduce -0.5% |
| LHX L3HARRIS Technologies Inc. | 1.11% | 47,770 | $11.4M | Reduce -1.0% |
| BDX Becton Dickinson and Co. | 1.10% | 46,590 | $11.2M | Reduce -0.8% |
| TSCO Tractor Supply Company | 1.08% | 38,017 | $11.1M | Reduce -1.5% |
| RY Royal Bank of Canada | 1.07% | 87,999 | $11.0M | Reduce -5.0% |
| AMT American Tower Corp. | 0.97% | 42,735 | $9.9M | Reduce -1.2% |
| AFL Aflac Inc. | 0.84% | 77,074 | $8.6M | Reduce -1.6% |
| RTX RTX Corp. | 0.84% | 70,801 | $8.6M | Reduce -0.2% |
| IWM iShares Russell 2000 ETF | 0.74% | 34,180 | $7.6M | Reduce -0.3% |
| XOM Exxon Mobil Corp. | 0.68% | 59,601 | $7.0M | Reduce -0.4% |
| GIS General Mills Inc. | 0.68% | 94,510 | $7.0M | Add +0.5% |
| MDY State Street SPDR S&P Midcap | 0.65% | 11,572 | $6.6M | Add +1.0% |
| DCI Donaldson Co. Inc. | 0.64% | 88,064 | $6.5M | Reduce -3.5% |
| TRV The Travelers Cos Inc. | 0.61% | 26,725 | $6.3M | Add +0.3% |
| HRL Hormel Foods Corp. | 0.56% | 180,301 | $5.7M | Reduce -3.9% |
| XEL Xcel Energy Inc. | 0.56% | 87,246 | $5.7M | Reduce -1.5% |
| DHR Danaher Corp. | 0.55% | 20,059 | $5.6M | Reduce -4.5% |
| MDT Medtronic PLC | 0.50% | 56,340 | $5.1M | Add +1.9% |
| WMT Walmart Inc. | 0.49% | 61,372 | $5.0M | Add +0.5% |
| GGG Graco Inc. | 0.47% | 55,122 | $4.8M | Reduce -14.9% |
| TECH Bio-Techne Corp. | 0.44% | 56,609 | $4.5M | Add +2.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.43% | 15,478 | $4.4M | Reduce -0.7% |
| VOO Vanguard S&P 500 ETF | 0.42% | 8,127 | $4.3M | Reduce -0.6% |
| KMB Kimberly-Clark Corp. | 0.42% | 29,800 | $4.2M | No change |
| SO The Southern Co. | 0.40% | 45,394 | $4.1M | No change |
| FAST Fastenal Co. | 0.40% | 56,671 | $4.0M | Add +0.5% |
| VZ Verizon Communications Inc. | 0.38% | 87,345 | $3.9M | Reduce -0.8% |
| EMR Emerson Electric Co. | 0.38% | 35,246 | $3.9M | Reduce -2.4% |
| IJH iShares Core S&P Midcap ETF | 0.38% | 61,850 | $3.9M | Add +7.9% |
| IJR iShares Core S&P Small-Cap E | 0.37% | 32,451 | $3.8M | Add +7.0% |
| CAT Caterpillar Inc. | 0.36% | 9,480 | $3.7M | Add +0.3% |
| HON Honeywell International Inc. | 0.36% | 17,922 | $3.7M | Add +0.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.36% | 46,785 | $3.7M | Add +0.9% |
| INTC Intel Corp. | 0.35% | 153,781 | $3.6M | Reduce -1.4% |
| GPC Genuine Parts Co. | 0.34% | 24,919 | $3.5M | Add +0.3% |
| T AT&T Inc. | 0.34% | 156,671 | $3.4M | Add +0.6% |
| EFA iShares MSCI Eafe ETF | 0.31% | 37,772 | $3.2M | No change |
| MRK Merck & Co. Inc. | 0.30% | 27,314 | $3.1M | Add +0.5% |
| ROST Ross Stores Inc. | 0.30% | 20,335 | $3.1M | No change |
| KO The Coca-Cola Co. | 0.29% | 41,202 | $3.0M | Reduce -3.8% |
| MKC McCormick & Co.-Non VTG SHRS | 0.29% | 35,729 | $2.9M | Add +1.6% |
| HSY The Hershey Co. | 0.27% | 14,425 | $2.8M | Add +22.0% |
| NKE Nike Inc. Class B | 0.27% | 30,619 | $2.7M | Reduce -1.1% |
| MS Morgan Stanley | 0.26% | 25,714 | $2.7M | Add +4.0% |
| FDX FedEx Corp. | 0.25% | 9,505 | $2.6M | Add +0.1% |
| APH Amphenol Corp. Class A | 0.24% | 38,400 | $2.5M | Reduce -13.5% |
| KLAC KLA Corp. | 0.22% | 2,925 | $2.3M | Reduce -2.3% |
| IWF iShares Russell 1000 Growth | 0.22% | 6,034 | $2.3M | Reduce -4.3% |
| FISV Fiserv Inc. | 0.22% | 12,252 | $2.2M | Reduce -18.3% |
| ASB Associated Banc-Corp. | 0.22% | 102,070 | $2.2M | No change |
| SYY Sysco Corp. | 0.21% | 27,976 | $2.2M | Reduce -4.8% |
| UPS United Parcel Service Class B | 0.21% | 15,743 | $2.1M | Reduce -0.7% |
| AXP American Express Co. | 0.20% | 7,665 | $2.1M | Add +1.4% |
| CHRW C.H. Robinson Worldwide Inc. | 0.20% | 18,819 | $2.1M | Reduce -44.3% |
| CNP Centerpoint Energy Inc. | 0.20% | 67,837 | $2.0M | No change |
| LOW Lowe's Cos Inc. | 0.19% | 7,213 | $2.0M | No change |
| MTD Mettler-Toledo International | 0.19% | 1,300 | $1.9M | Reduce -10.3% |
| PAYX Paychex Inc. | 0.19% | 14,342 | $1.9M | Reduce -9.5% |
| NVS Novartis AG-Sponsored ADR | 0.19% | 16,624 | $1.9M | No change |
| NEE Nextera Energy Inc. | 0.18% | 22,142 | $1.9M | Add +0.8% |
| NVDA Nvidia Corp. | 0.18% | 15,363 | $1.9M | Add +0.5% |
| ZBRA Zebra Technologies Corp. Class A | 0.18% | 5,000 | $1.9M | Reduce -15.0% |
| GOOGL Alphabet Inc. Class A | 0.17% | 10,553 | $1.8M | Add +6.9% |
| SCHW Schwab (charles) Corp. | 0.17% | 26,735 | $1.7M | Add +2.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.16% | 3,642 | $1.7M | Reduce -12.9% |
| D Dominion Energy Inc. | 0.16% | 27,475 | $1.6M | No change |
| LIN Linde PLC | 0.15% | 3,260 | $1.6M | No change |
| AMP Ameriprise Financial Inc. | 0.14% | 3,109 | $1.5M | No change |
Portfolio Sells Q2 2024 → Q3 2024
| MSFT Microsoft Corp. | Reduce -3.9% | 6.01% | −0.85 |
| NVT Nvent Electric PLC | Reduce -94.3% | 0.04% | −0.80 |
| PNR Pentair PLC | Reduce -87.9% | 0.13% | −0.77 |
| MCK McKesson Corp. | Reduce -77.8% | 0.03% | −0.16 |
| INTC Intel Corp. | Reduce -1.4% | 0.35% | −0.15 |
| LLY Eli Lilly & Co. | Reduce -0.8% | 1.65% | −0.15 |
| HUBB Hubbell Inc. | Reduce -87.5% | 0.02% | −0.13 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -44.3% | 0.20% | −0.10 |
| PG The Procter & Gamble Co. | Reduce -2.8% | 2.01% | −0.07 |
| AMGN Amgen Inc. | Reduce -0.5% | 2.27% | −0.07 |
| APH Amphenol Corp. Class A | Reduce -13.5% | 0.24% | −0.06 |
| GGG Graco Inc. | Reduce -14.9% | 0.47% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -1.6% | 1.68% | −0.05 |
| DCI Donaldson Co. Inc. | Reduce -3.5% | 0.64% | −0.04 |
| OMC Omnicom Group | Sold out | 0.00% | −0.04 |
| BDX Becton Dickinson and Co. | Reduce -0.8% | 1.10% | −0.04 |
| EMR Emerson Electric Co. | Reduce -2.4% | 0.38% | −0.03 |
| KLAC KLA Corp. | Reduce -2.3% | 0.22% | −0.03 |
| SYK Stryker Corp. | Reduce -2.9% | 1.36% | −0.03 |
| GD General Dynamics Corp. | Reduce -1.1% | 1.30% | −0.03 |
| HRL Hormel Foods Corp. | Reduce -3.9% | 0.56% | −0.03 |
| TGT Target Corp. | Reduce -0.9% | 2.28% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -0.4% | 0.68% | −0.03 |
| FUL H.B. Fuller Co. | Reduce -44.0% | 0.03% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.8% | 2.30% | −0.02 |
| SOLV Solventum Corp. | Reduce -38.0% | 0.07% | −0.02 |
| COP Conocophillips | Reduce -1.4% | 0.13% | −0.02 |
| VLTO Veralto Corp. | Sold out | 0.00% | −0.02 |
| ECL Ecolab Inc. | Reduce -2.6% | 1.92% | −0.02 |
| CVS CVS Health Corp. | Reduce -49.6% | 0.02% | −0.02 |
| MTD Mettler-Toledo International | Reduce -10.3% | 0.19% | −0.02 |
| FISV Fiserv Inc. | Reduce -18.3% | 0.22% | −0.02 |
| IWF iShares Russell 1000 Growth | Reduce -4.3% | 0.22% | −0.02 |
| ADM Archer-Daniels-Midland Co. | Reduce -3.5% | 0.14% | −0.01 |
| UPS United Parcel Service Class B | Reduce -0.7% | 0.21% | −0.01 |
| V Visa Inc. Class A | Reduce -0.3% | 1.23% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -3.0% | 0.09% | −0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -13.2% | 0.03% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -12.9% | 0.16% | −0.01 |
| BND Vanguard Total Bond Market | Reduce -21.7% | 0.04% | −0.01 |
| SBUX Starbucks Corp. | Reduce -29.6% | 0.06% | −0.01 |
| PSX Phillips 66 | Reduce -0.4% | 0.08% | −0.01 |
| LHX L3HARRIS Technologies Inc. | Reduce -1.0% | 1.11% | −0.01 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -15.0% | 0.18% | −0.01 |
| PAYX Paychex Inc. | Reduce -9.5% | 0.19% | −0.01 |
| TSN Tyson Foods Inc. Class A | Reduce -2.6% | 0.11% | −0.00 |
| CL Colgate-Palmolive Co. | Reduce -1.6% | 1.23% | −0.00 |
| TJX TJX Companies Inc. | Reduce -1.4% | 1.23% | −0.00 |
| TIP iShares Tips Bond ETF | Reduce -1.1% | 0.10% | −0.00 |
| SYY Sysco Corp. | Reduce -4.8% | 0.21% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| MCD McDonald's Corp. | Add +0.5% | 1.56% | +0.19 |
| BLK BlackRock Finance Inc. | Add +0.3% | 1.24% | +0.16 |
| ABBV Abbvie Inc. | Add +0.2% | 1.74% | +0.15 |
| ACN Accenture PLC Class A | Add +0.5% | 1.21% | +0.12 |
| CSCO Cisco Systems Inc. | Add +0.2% | 1.93% | +0.11 |
| APA Apa Corp. | New | 0.09% | +0.09 |
| GIS General Mills Inc. | Add +0.5% | 0.68% | +0.07 |
| WMT Walmart Inc. | Add +0.5% | 0.49% | +0.06 |
| TRV The Travelers Cos Inc. | Add +0.3% | 0.61% | +0.05 |
| MDT Medtronic PLC | Add +1.9% | 0.50% | +0.05 |
| HSY The Hershey Co. | Add +22.0% | 0.27% | +0.05 |
| CAT Caterpillar Inc. | Add +0.3% | 0.36% | +0.04 |
| IJR iShares Core S&P Small-Cap E | Add +7.0% | 0.37% | +0.04 |
| TECH Bio-Techne Corp. | Add +2.1% | 0.44% | +0.03 |
| IJH iShares Core S&P Midcap ETF | Add +7.9% | 0.38% | +0.03 |
| MKC McCormick & Co.-Non VTG SHRS | Add +1.6% | 0.29% | +0.03 |
| T AT&T Inc. | Add +0.6% | 0.34% | +0.03 |
| FAST Fastenal Co. | Add +0.5% | 0.40% | +0.03 |
| BSX Boston Scientific Corp. | New | 0.03% | +0.03 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | New | 0.03% | +0.03 |
| BMY Bristol-Myers Squibb Co. | Add +10.6% | 0.10% | +0.02 |
| FDS Factset Research Systems Inc. | Add +20.8% | 0.10% | +0.02 |
| AXP American Express Co. | Add +1.4% | 0.20% | +0.02 |
| NEE Nextera Energy Inc. | Add +0.8% | 0.18% | +0.02 |
| VTIP Vanguard Short-Term Tips | New | 0.02% | +0.02 |
| REGL Prshrs S&P Mid 400 DVD Arist | New | 0.02% | +0.02 |
| SMDV Proshrs RSL 2000 DVD GRW ETF | New | 0.02% | +0.02 |
| ACWI iShares MSCI Acwi ETF | New | 0.02% | +0.02 |
| MDLZ Mondelez International Inc. Class A | New | 0.02% | +0.02 |
| VIG Vanguard Dividend Apprec ETF | Add +14.3% | 0.11% | +0.02 |
| MS Morgan Stanley | Add +4.0% | 0.26% | +0.01 |
| TXN Texas Instruments Inc. | Add +0.6% | 1.17% | +0.01 |
| JCI Johnson Controls Internation | Add +0.7% | 0.12% | +0.01 |
| MDY State Street SPDR S&P Midcap | Add +1.0% | 0.65% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +0.9% | 0.36% | +0.01 |
| AVGO Broadcom Inc. | Add +13.1% | 0.05% | +0.01 |
| UNP Union Pacific Corp. | Add +1.5% | 0.13% | +0.01 |
| ITW Illinois Tool Works | Add +0.5% | 0.10% | +0.01 |
| WMB Williams Cos Inc. | Add +4.5% | 0.06% | +0.00 |
| PFG Principal Financial Group | Add +2.1% | 0.06% | +0.00 |
| IWD iShares Russell 1000 Value E | Add +0.0% | 0.08% | +0.00 |
| VEA Vanguard Ftse Developed ETF | Add +0.6% | 0.11% | +0.00 |
| IWR iShares Russell Mid-Cap ETF | Add +0.8% | 0.05% | +0.00 |
| VXUS Vanguard Total Intl Stock | Add +0.0% | 0.11% | +0.00 |
| EFV iShares MSCI Eafe Value ETF | Add +0.4% | 0.04% | +0.00 |
| NTRS Northern Trust Corp. | Add +0.7% | 0.05% | +0.00 |
| ETN Eaton Corp. PLC | Add +3.1% | 0.03% | +0.00 |
| PFE Pfizer Inc. | Add +2.6% | 0.14% | +0.00 |
| XLE SS Energy Select Sector | Add +0.0% | 0.11% | −0.01 |
| NVDA Nvidia Corp. | Add +0.5% | 0.18% | −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 |