Palisade Asset Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), Palisade Asset Management, LLC reported 193 stock positions worth $985.6 million. Its top holding was Microsoft (MSFT) at 6.1% of the portfolio, followed by Apple (AAPL, 5.9%) and Unitedhealth (UNH, 3.4%). Compared with Q3 2024, it opened 1 new position, sold out of 6, added to 47 and reduced 89. The biggest buy was Hershey (HSY, shares +107%) and the biggest sale Ball (BALL, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0001434323
- Portfolio Value
- $985.6M (Q4 2024)
- SEC Filing
- 0001434323-25-000001 ↗ filed Feb 11, 2025
Holdings Value
Holdings 193 stocks · $985.6M
| MSFT Microsoft Corp. | 6.08% | 142,234 | $60.0M | Reduce -0.3% |
| AAPL Apple Inc. | 5.90% | 232,223 | $58.2M | Reduce -0.8% |
| UNH Unitedhealth Group Inc. | 3.42% | 66,685 | $33.7M | Add +2.2% |
| ORCL Oracle Corp. | 3.17% | 187,473 | $31.2M | Reduce -1.1% |
| HD Home Depot Inc. | 2.75% | 69,650 | $27.1M | Reduce -0.9% |
| ABT Abbott Laboratories | 2.74% | 238,587 | $27.0M | Add +1.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.42% | 40,664 | $23.8M | Reduce -0.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.30% | 103,138 | $22.7M | Reduce -0.3% |
| CSCO Cisco Systems Inc. | 2.21% | 368,501 | $21.8M | Reduce -0.4% |
| TGT Target Corp. | 2.07% | 150,988 | $20.4M | Add +1.1% |
| PG The Procter & Gamble Co. | 2.01% | 118,046 | $19.8M | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 1.97% | 80,923 | $19.4M | Reduce -0.4% |
| AMGN Amgen Inc. | 1.94% | 73,210 | $19.1M | Add +1.8% |
| ADP Automatic Data Processing | 1.85% | 62,274 | $18.2M | Reduce -0.6% |
| ECL Ecolab Inc. | 1.81% | 76,252 | $17.9M | Reduce -0.7% |
| DE Deere & Co. | 1.65% | 38,347 | $16.2M | Reduce -0.5% |
| ABBV Abbvie Inc. | 1.60% | 88,753 | $15.8M | Reduce -1.4% |
| JNJ Johnson & Johnson | 1.54% | 105,011 | $15.2M | Add +0.2% |
| MCD McDonald's Corp. | 1.53% | 52,013 | $15.1M | Reduce -0.3% |
| PEP Pepsico Inc. | 1.52% | 98,761 | $15.0M | Add +0.6% |
| LLY Eli Lilly & Co. | 1.49% | 19,058 | $14.7M | Reduce -0.1% |
| V Visa Inc. Class A | 1.45% | 45,231 | $14.3M | Reduce -0.9% |
| CVX Chevron Corp. | 1.43% | 97,091 | $14.1M | Add +1.8% |
| SYK Stryker Corp. | 1.40% | 38,206 | $13.8M | Reduce -0.3% |
| BLK BlackRock Inc. | 1.35% | 12,934 | $13.3M | Reduce -3.2% |
| USB US Bancorp | 1.33% | 274,095 | $13.1M | Reduce -0.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.30% | 106,438 | $12.9M | Reduce -0.5% |
| MMM 3M Co. | 1.28% | 97,397 | $12.6M | Reduce -1.3% |
| ACN Accenture PLC Class A | 1.25% | 34,989 | $12.3M | Reduce -0.3% |
| GD General Dynamics Corp. | 1.16% | 43,467 | $11.5M | Reduce -1.1% |
| TXN Texas Instruments Inc. | 1.13% | 59,591 | $11.2M | Add +2.7% |
| CL Colgate-Palmolive Co. | 1.12% | 121,509 | $11.0M | Add +0.4% |
| BDX Becton Dickinson and Co. | 1.09% | 47,555 | $10.8M | Add +2.1% |
| RY Royal Bank of Canada | 1.07% | 87,649 | $10.6M | Reduce -0.4% |
| LHX L3HARRIS Technologies Inc. | 1.02% | 47,823 | $10.1M | Add +0.1% |
| TSCO Tractor Supply Company | 1.01% | 187,260 | $9.9M | Reduce -1.5% |
| BALL Ball Corp. | 0.96% | 172,276 | $9.5M | Reduce -0.3% |
| RTX RTX Corp. | 0.83% | 70,627 | $8.2M | Reduce -0.3% |
| AFL Aflac Inc. | 0.80% | 76,434 | $7.9M | Reduce -0.8% |
| AMT American Tower Corp. | 0.80% | 42,722 | $7.8M | Reduce -0.0% |
| IWM iShares Russell 2000 ETF | 0.76% | 34,089 | $7.5M | Reduce -0.3% |
| MDY State Street SPDR S&P Midcap | 0.67% | 11,536 | $6.6M | Reduce -0.3% |
| TRV The Travelers Cos Inc. | 0.66% | 26,988 | $6.5M | Add +1.0% |
| XOM Exxon Mobil Corp. | 0.65% | 59,908 | $6.4M | Add +0.5% |
| GIS General Mills Inc. | 0.62% | 95,180 | $6.1M | Add +0.7% |
| XEL Xcel Energy Inc. | 0.60% | 87,588 | $5.9M | Add +0.4% |
| DCI Donaldson Co. Inc. | 0.60% | 87,614 | $5.9M | Reduce -0.5% |
| WMT Walmart Inc. | 0.56% | 61,212 | $5.5M | Reduce -0.3% |
| HRL Hormel Foods Corp. | 0.53% | 166,124 | $5.2M | Reduce -7.9% |
| HSY The Hershey Co. | 0.51% | 29,804 | $5.0M | Add +106.6% |
| GGG Graco Inc. | 0.47% | 55,008 | $4.6M | Reduce -0.2% |
| DHR Danaher Corp. | 0.47% | 20,124 | $4.6M | Add +0.3% |
| MDT Medtronic PLC | 0.45% | 56,046 | $4.5M | Reduce -0.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.45% | 15,378 | $4.5M | Reduce -0.7% |
| EMR Emerson Electric Co. | 0.44% | 35,159 | $4.4M | Reduce -0.3% |
| VOO Vanguard S&P 500 ETF | 0.44% | 8,078 | $4.4M | Reduce -0.6% |
| TECH Bio-Techne Corp. | 0.41% | 56,349 | $4.1M | Reduce -0.5% |
| HON Honeywell International Inc. | 0.41% | 17,922 | $4.0M | No change |
| IJH iShares Core S&P Midcap ETF | 0.41% | 64,948 | $4.0M | Add +5.0% |
| FAST Fastenal Co. | 0.41% | 55,946 | $4.0M | Reduce -1.3% |
| KMB Kimberly-Clark Corp. | 0.39% | 29,650 | $3.9M | Reduce -0.5% |
| IJR iShares Core S&P Small-Cap E | 0.39% | 33,063 | $3.8M | Add +1.9% |
| SO The Southern Co. | 0.38% | 45,394 | $3.7M | No change |
| VZ Verizon Communications Inc. | 0.35% | 87,223 | $3.5M | Reduce -0.1% |
| CAT Caterpillar Inc. | 0.35% | 9,382 | $3.4M | Reduce -1.0% |
| MRK Merck & Co. Inc. | 0.33% | 32,971 | $3.3M | Add +20.7% |
| MS Morgan Stanley | 0.32% | 25,339 | $3.2M | Reduce -1.5% |
| IEFA iShares Core MSCI Eafe ETF | 0.32% | 45,159 | $3.2M | Reduce -3.5% |
| ROST Ross Stores Inc. | 0.31% | 20,235 | $3.1M | Reduce -0.5% |
| T AT&T Inc. | 0.31% | 133,175 | $3.0M | Reduce -15.0% |
| GPC Genuine Parts Co. | 0.30% | 25,004 | $2.9M | Add +0.3% |
| EFA iShares MSCI Eafe ETF | 0.29% | 37,527 | $2.8M | Reduce -0.7% |
| FDX FedEx Corp. | 0.28% | 9,780 | $2.8M | Add +2.9% |
| MKC McCormick & Co.-Non VTG SHRS | 0.28% | 35,829 | $2.7M | Add +0.3% |
| KO The Coca-Cola Co. | 0.28% | 43,573 | $2.7M | Add +5.8% |
| APH Amphenol Corp. Class A | 0.27% | 38,400 | $2.7M | No change |
| FISV Fiserv Inc. | 0.26% | 12,250 | $2.5M | Reduce -0.0% |
| ASB Associated Banc-Corp. | 0.25% | 102,070 | $2.4M | No change |
| IWF iShares Russell 1000 Growth | 0.25% | 6,034 | $2.4M | No change |
| NKE Nike Inc. Class B | 0.24% | 30,737 | $2.3M | Add +0.4% |
| INTC Intel Corp. | 0.24% | 115,587 | $2.3M | Reduce -24.8% |
| AXP American Express Co. | 0.23% | 7,527 | $2.2M | Reduce -1.8% |
| CNP Centerpoint Energy Inc. | 0.22% | 67,837 | $2.2M | No change |
| KLAC KLA Corp. | 0.22% | 3,400 | $2.1M | Add +16.2% |
| GOOGL Alphabet Inc. Class A | 0.22% | 11,230 | $2.1M | Add +6.4% |
| PAYX Paychex Inc. | 0.20% | 14,342 | $2.0M | No change |
| SYY Sysco Corp. | 0.20% | 26,197 | $2.0M | Reduce -6.4% |
| UPS United Parcel Service Class B | 0.20% | 15,751 | $2.0M | Add +0.1% |
| SCHW Schwab (charles) Corp. | 0.20% | 26,660 | $2.0M | Reduce -0.3% |
| NVDA Nvidia Corp. | 0.20% | 14,621 | $2.0M | Reduce -4.8% |
| ZBRA Zebra Technologies Corp. Class A | 0.20% | 5,000 | $1.9M | No change |
| NEE Nextera Energy Inc. | 0.19% | 26,666 | $1.9M | Add +20.4% |
| GOOG Alphabet Inc. Class C | 0.19% | 9,885 | $1.9M | Add +18.4% |
| LOW Lowe's Cos Inc. | 0.18% | 7,213 | $1.8M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.17% | 3,640 | $1.6M | Reduce -0.1% |
| NVS Novartis AG-Sponsored ADR | 0.16% | 16,624 | $1.6M | No change |
| AMP Ameriprise Financial Inc. | 0.16% | 3,034 | $1.6M | Reduce -2.4% |
| MTD Mettler-Toledo International | 0.16% | 1,300 | $1.6M | No change |
| D Dominion Energy Inc. | 0.14% | 26,325 | $1.4M | Reduce -4.2% |
| LIN Linde PLC | 0.14% | 3,259 | $1.4M | Reduce -0.0% |
Portfolio Sells Q3 2024 → Q4 2024
| BALL Ball Corp. | Reduce -0.3% | 0.96% | −0.19 |
| AMT American Tower Corp. | Reduce -0.0% | 0.80% | −0.18 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -85.3% | 0.03% | −0.17 |
| LLY Eli Lilly & Co. | Reduce -0.1% | 1.49% | −0.16 |
| ABBV Abbvie Inc. | Reduce -1.4% | 1.60% | −0.14 |
| GD General Dynamics Corp. | Reduce -1.1% | 1.16% | −0.14 |
| INTC Intel Corp. | Reduce -24.8% | 0.24% | −0.12 |
| ECL Ecolab Inc. | Reduce -0.7% | 1.81% | −0.11 |
| TSCO Tractor Supply Company | Reduce -1.5% | 1.01% | −0.07 |
| MMM 3M Co. | Reduce -1.3% | 1.28% | −0.04 |
| MDT Medtronic PLC | Reduce -0.5% | 0.45% | −0.04 |
| AFL Aflac Inc. | Reduce -0.8% | 0.80% | −0.04 |
| HD Home Depot Inc. | Reduce -0.9% | 2.75% | −0.04 |
| CE Celanese Corp. | Reduce -15.1% | 0.03% | −0.04 |
| DCI Donaldson Co. Inc. | Reduce -0.5% | 0.60% | −0.04 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -3.5% | 0.32% | −0.04 |
| CAG Conagra Brands Inc. | Reduce -28.7% | 0.06% | −0.03 |
| BAX Baxter International Inc. | Sold out | 0.00% | −0.03 |
| TECH Bio-Techne Corp. | Reduce -0.5% | 0.41% | −0.03 |
| HRL Hormel Foods Corp. | Reduce -7.9% | 0.53% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -0.1% | 0.35% | −0.03 |
| T AT&T Inc. | Reduce -15.0% | 0.31% | −0.03 |
| IWN iShares Russell 2000 Value E | Sold out | 0.00% | −0.03 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.03 |
| MCD McDonald's Corp. | Reduce -0.3% | 1.53% | −0.03 |
| SOLV Solventum Corp. | Reduce -30.1% | 0.05% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -0.7% | 0.29% | −0.02 |
| KMB Kimberly-Clark Corp. | Reduce -0.5% | 0.39% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.02 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.02 |
| MDU Mdu Resources Group Inc. | Reduce -7.0% | 0.03% | −0.02 |
| CAT Caterpillar Inc. | Reduce -1.0% | 0.35% | −0.02 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.02 |
| LIN Linde PLC | Reduce -0.0% | 0.14% | −0.01 |
| D Dominion Energy Inc. | Reduce -4.2% | 0.14% | −0.01 |
| RTX RTX Corp. | Reduce -0.3% | 0.83% | −0.01 |
| SYY Sysco Corp. | Reduce -6.4% | 0.20% | −0.01 |
| AMCR Amcor PLC | Reduce -1.4% | 0.06% | −0.01 |
| VXUS Vanguard Total Intl Stock | Reduce -2.7% | 0.10% | −0.01 |
| APA Apa Corp. | Reduce -7.6% | 0.08% | −0.01 |
| TSN Tyson Foods Inc. Class A | Reduce -7.0% | 0.10% | −0.01 |
| SDY SS SPDR S&P Dividend ETF | Reduce -1.8% | 0.13% | −0.01 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -0.0% | 0.08% | −0.01 |
| FUL H.B. Fuller Co. | Reduce -2.4% | 0.03% | −0.00 |
| IEMG iShares Core MSCI Emerging | Reduce -1.2% | 0.06% | −0.00 |
| SJM The JM Smucker Co. | Reduce -1.5% | 0.05% | −0.00 |
| AGG iShares Core U.S. Aggregate | Reduce -5.1% | 0.05% | −0.00 |
| RY Royal Bank of Canada | Reduce -0.4% | 1.07% | −0.00 |
| EFV iShares MSCI Eafe Value ETF | Reduce -0.4% | 0.04% | −0.00 |
| GGG Graco Inc. | Reduce -0.2% | 0.47% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| HSY The Hershey Co. | Add +106.6% | 0.51% | +0.24 |
| ABT Abbott Laboratories | Add +1.3% | 2.74% | +0.11 |
| GOOG Alphabet Inc. Class C | Add +18.4% | 0.19% | +0.05 |
| CVX Chevron Corp. | Add +1.8% | 1.43% | +0.05 |
| TRV The Travelers Cos Inc. | Add +1.0% | 0.66% | +0.05 |
| GOOGL Alphabet Inc. Class A | Add +6.4% | 0.22% | +0.04 |
| XEL Xcel Energy Inc. | Add +0.4% | 0.60% | +0.04 |
| IJH iShares Core S&P Midcap ETF | Add +5.0% | 0.41% | +0.03 |
| TSLA Tesla Inc. | New | 0.03% | +0.03 |
| MRK Merck & Co. Inc. | Add +20.7% | 0.33% | +0.03 |
| WFC Wells Fargo & Co. | Add +1.7% | 0.12% | +0.03 |
| FDX FedEx Corp. | Add +2.9% | 0.28% | +0.02 |
| AVGO Broadcom Inc. | Add +4.4% | 0.07% | +0.02 |
| DIS The Walt Disney Co. | Add +7.9% | 0.08% | +0.02 |
| WMB Williams Cos Inc. | Add +5.4% | 0.08% | +0.02 |
| BND Vanguard Total Bond Market | Add +46.7% | 0.06% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Add +1.4% | 0.12% | +0.02 |
| IJR iShares Core S&P Small-Cap E | Add +1.9% | 0.39% | +0.01 |
| CB Chubb Ltd. | Add +51.8% | 0.04% | +0.01 |
| UNP Union Pacific Corp. | Add +13.9% | 0.14% | +0.01 |
| NEE Nextera Energy Inc. | Add +20.4% | 0.19% | +0.01 |
| COP Conocophillips | Add +5.3% | 0.13% | +0.00 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +0.9% | 0.03% | +0.00 |
| ETN Eaton Corp. PLC | Add +5.5% | 0.03% | +0.00 |
| IWR iShares Russell Mid-Cap ETF | Add +0.0% | 0.05% | +0.00 |
| IWD iShares Russell 1000 Value E | Add +0.0% | 0.08% | +0.00 |
| GE General Electric | Add +3.3% | 0.03% | −0.00 |
| PFG Principal Financial Group | Add +3.1% | 0.06% | −0.00 |
| VWO Vanguard Ftse Emerging Marke | Add +0.5% | 0.09% | −0.00 |
| KLAC KLA Corp. | Add +16.2% | 0.22% | −0.00 |
| BDX Becton Dickinson and Co. | Add +2.1% | 1.09% | −0.01 |
| PFE Pfizer Inc. | Add +0.2% | 0.14% | −0.01 |
| UPS United Parcel Service Class B | Add +0.1% | 0.20% | −0.01 |
| MKC McCormick & Co.-Non VTG SHRS | Add +0.3% | 0.28% | −0.01 |
| KO The Coca-Cola Co. | Add +5.8% | 0.28% | −0.01 |
| NKE Nike Inc. Class B | Add +0.4% | 0.24% | −0.03 |
| XOM Exxon Mobil Corp. | Add +0.5% | 0.65% | −0.03 |
| TXN Texas Instruments Inc. | Add +2.7% | 1.13% | −0.04 |
| GPC Genuine Parts Co. | Add +0.3% | 0.30% | −0.04 |
| GIS General Mills Inc. | Add +0.7% | 0.62% | −0.07 |
| DHR Danaher Corp. | Add +0.3% | 0.47% | −0.08 |
| LHX L3HARRIS Technologies Inc. | Add +0.1% | 1.02% | −0.09 |
| CL Colgate-Palmolive Co. | Add +0.4% | 1.12% | −0.11 |
| PEP Pepsico Inc. | Add +0.6% | 1.52% | −0.11 |
| JNJ Johnson & Johnson | Add +0.2% | 1.54% | −0.12 |
| TGT Target Corp. | Add +1.1% | 2.07% | −0.21 |
| UNH Unitedhealth Group Inc. | Add +2.2% | 3.42% | −0.31 |
| AMGN Amgen Inc. | Add +1.8% | 1.94% | −0.33 |
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 |