Palisade Asset Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Palisade Asset Management, LLC reported 193 stock positions worth $1.0 billion. Its top holding was Microsoft (MSFT) at 6.7% of the portfolio, followed by Apple (AAPL, 4.4%) and Oracle (ORCL, 4.0%). Compared with Q1 2025, it opened 5 new positions, sold out of 4, added to 47 and reduced 86. The biggest buy was Texas Instruments (TXN, shares +5%) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0001434323
- Portfolio Value
- $1.0B (Q2 2025)
- SEC Filing
- 0001434323-25-000004 ↗ filed Aug 7, 2025
Holdings Value
Holdings 193 stocks · $1.0B
| MSFT Microsoft Corp. | 6.69% | 135,234 | $67.3M | Reduce -1.4% |
| AAPL Apple Inc. | 4.42% | 216,279 | $44.4M | Reduce -0.7% |
| ORCL Oracle Corp. | 4.01% | 184,538 | $40.3M | Reduce -0.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.98% | 101,709 | $30.0M | Reduce -1.3% |
| ABT Abbott Laboratories | 2.90% | 214,363 | $29.2M | Reduce -0.8% |
| CSCO Cisco Systems Inc. | 2.52% | 364,793 | $25.3M | Reduce -0.1% |
| HD Home Depot Inc. | 2.49% | 68,284 | $25.0M | Reduce -1.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.42% | 39,445 | $24.4M | Reduce -1.6% |
| UNH Unitedhealth Group Inc. | 2.33% | 74,929 | $23.4M | Add +9.3% |
| JPM JPMorgan Chase & Co. | 2.29% | 79,278 | $23.0M | Reduce -2.0% |
| ECL Ecolab Inc. | 2.07% | 77,369 | $20.8M | Add +1.4% |
| AMGN Amgen Inc. | 2.06% | 74,091 | $20.7M | Add +0.8% |
| DE Deere & Co. | 1.92% | 38,027 | $19.3M | Reduce -0.3% |
| ADP Automatic Data Processing | 1.88% | 61,349 | $18.9M | Reduce -1.1% |
| PG The Procter & Gamble Co. | 1.86% | 117,166 | $18.7M | Reduce -0.1% |
| JNJ Johnson & Johnson | 1.61% | 105,797 | $16.2M | Reduce -0.1% |
| V Visa Inc. Class A | 1.59% | 44,996 | $16.0M | Reduce -0.6% |
| MCD McDonald's Corp. | 1.51% | 51,952 | $15.2M | Reduce -0.2% |
| TGT Target Corp. | 1.50% | 153,329 | $15.1M | Add +2.1% |
| SYK Stryker Corp. | 1.48% | 37,546 | $14.9M | Reduce -0.7% |
| MMM 3M Co. | 1.46% | 96,147 | $14.6M | Reduce -0.4% |
| LLY Eli Lilly & Co. | 1.42% | 18,323 | $14.3M | Reduce -0.1% |
| TXN Texas Instruments Inc. | 1.42% | 68,782 | $14.3M | Add +4.6% |
| PEP Pepsico Inc. | 1.38% | 104,762 | $13.8M | Add +3.0% |
| CVX Chevron Corp. | 1.36% | 95,421 | $13.7M | Reduce -0.4% |
| BLK BlackRock Inc. | 1.35% | 12,954 | $13.6M | Add +0.2% |
| GD General Dynamics Corp. | 1.30% | 44,660 | $13.0M | Add +1.6% |
| LHX L3HARRIS Technologies Inc. | 1.27% | 50,935 | $12.8M | Add +0.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.27% | 103,232 | $12.7M | Reduce -2.3% |
| USB US Bancorp | 1.24% | 274,435 | $12.4M | Reduce -0.4% |
| ABBV Abbvie Inc. | 1.21% | 65,311 | $12.1M | Reduce -2.0% |
| RY Royal Bank of Canada | 1.13% | 86,699 | $11.4M | Reduce -1.1% |
| ACN Accenture PLC Class A | 1.13% | 37,952 | $11.3M | Add +6.5% |
| CL Colgate-Palmolive Co. | 1.10% | 121,559 | $11.0M | Add +0.0% |
| RTX RTX Corp. | 1.01% | 69,221 | $10.1M | Reduce -0.1% |
| TSCO Tractor Supply Company | 1.00% | 189,705 | $10.0M | Add +0.3% |
| AMT American Tower Corp. | 0.97% | 44,147 | $9.8M | Add +1.0% |
| BALL Ball Corp. | 0.94% | 168,811 | $9.5M | Reduce -1.6% |
| BDX Becton Dickinson and Co. | 0.85% | 49,840 | $8.6M | Add +4.2% |
| AFL Aflac Inc. | 0.79% | 75,246 | $7.9M | Reduce -1.1% |
| IWM iShares Russell 2000 ETF | 0.72% | 33,323 | $7.2M | Reduce -0.8% |
| TRV The Travelers Cos Inc. | 0.70% | 26,183 | $7.0M | Reduce -1.0% |
| XOM Exxon Mobil Corp. | 0.63% | 59,052 | $6.4M | Reduce -0.9% |
| DCI Donaldson Co. Inc. | 0.59% | 85,664 | $5.9M | Reduce -1.2% |
| MDY State Street SPDR S&P Midcap | 0.59% | 10,443 | $5.9M | Reduce -0.6% |
| XEL Xcel Energy Inc. | 0.57% | 84,463 | $5.8M | Reduce -3.6% |
| WMT Walmart Inc. | 0.57% | 58,662 | $5.7M | Reduce -0.6% |
| HSY The Hershey Co. | 0.56% | 34,099 | $5.7M | Add +9.7% |
| MDT Medtronic PLC | 0.53% | 61,515 | $5.4M | Add +4.1% |
| VOO Vanguard S&P 500 ETF | 0.50% | 8,785 | $5.0M | Add +7.3% |
| GGG Graco Inc. | 0.47% | 54,858 | $4.7M | Reduce -0.0% |
| HRL Hormel Foods Corp. | 0.47% | 155,388 | $4.7M | Reduce -3.3% |
| FAST Fastenal Co. | 0.47% | 111,782 | $4.7M | No change |
| GIS General Mills Inc. | 0.46% | 89,595 | $4.6M | Reduce -2.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.45% | 14,925 | $4.5M | No change |
| IJH iShares Core S&P Midcap ETF | 0.44% | 71,945 | $4.5M | Add +4.2% |
| EMR Emerson Electric Co. | 0.43% | 32,566 | $4.3M | Reduce -3.7% |
| DHR Danaher Corp. | 0.40% | 20,381 | $4.0M | Add +0.4% |
| SO The Southern Co. | 0.40% | 43,817 | $4.0M | Reduce -3.6% |
| IJR iShares Core S&P Small-Cap E | 0.40% | 36,583 | $4.0M | Add +4.8% |
| HON Honeywell International Inc. | 0.39% | 16,717 | $3.9M | Reduce -2.7% |
| T AT&T Inc. | 0.38% | 132,984 | $3.8M | Reduce -0.1% |
| APH Amphenol Corp. Class A | 0.38% | 38,299 | $3.8M | Reduce -0.5% |
| MS Morgan Stanley | 0.36% | 25,858 | $3.6M | Add +0.7% |
| KMB Kimberly-Clark Corp. | 0.36% | 27,945 | $3.6M | Reduce -1.6% |
| IEFA iShares Core MSCI Eafe ETF | 0.35% | 41,891 | $3.5M | Reduce -7.9% |
| CAT Caterpillar Inc. | 0.35% | 9,007 | $3.5M | Reduce -3.6% |
| VZ Verizon Communications Inc. | 0.34% | 80,059 | $3.5M | Reduce -5.6% |
| EFA iShares MSCI Eafe ETF | 0.33% | 36,837 | $3.3M | Reduce -1.8% |
| KLAC KLA Corp. | 0.32% | 3,610 | $3.2M | Add +1.3% |
| GPC Genuine Parts Co. | 0.29% | 24,319 | $3.0M | Reduce -2.0% |
| KO The Coca-Cola Co. | 0.29% | 41,468 | $2.9M | Reduce -2.4% |
| TECH Bio-Techne Corp. | 0.28% | 55,549 | $2.9M | Reduce -1.4% |
| MKC McCormick & Co.-Non VTG SHRS | 0.28% | 37,249 | $2.8M | No change |
| MRK Merck & Co. Inc. | 0.27% | 34,186 | $2.7M | Add +2.5% |
| ROST Ross Stores Inc. | 0.25% | 19,601 | $2.5M | Reduce -3.1% |
| IWF iShares Russell 1000 Growth | 0.25% | 5,885 | $2.5M | Reduce -1.9% |
| CNP Centerpoint Energy Inc. | 0.25% | 67,837 | $2.5M | No change |
| ASB Associated Banc-Corp. | 0.25% | 102,070 | $2.5M | No change |
| INTC Intel Corp. | 0.24% | 106,345 | $2.4M | Reduce -1.9% |
| NVDA Nvidia Corp. | 0.23% | 14,602 | $2.3M | Reduce -3.0% |
| GOOGL Alphabet Inc. Class A | 0.23% | 12,860 | $2.3M | Add +5.3% |
| FDX FedEx Corp. | 0.22% | 9,935 | $2.3M | Add +0.9% |
| NKE Nike Inc. Class B | 0.22% | 31,512 | $2.2M | Add +1.3% |
| AXP American Express Co. | 0.22% | 6,915 | $2.2M | Reduce -5.2% |
| NEE Nextera Energy Inc. | 0.21% | 30,909 | $2.1M | Add +5.8% |
| FISV Fiserv Inc. | 0.21% | 12,353 | $2.1M | No change |
| NVS Novartis AG-Sponsored ADR | 0.20% | 16,449 | $2.0M | Reduce -1.1% |
| PAYX Paychex Inc. | 0.20% | 13,617 | $2.0M | Reduce -5.1% |
| GOOG Alphabet Inc. Class C | 0.18% | 10,111 | $1.8M | Reduce -0.7% |
| SYY Sysco Corp. | 0.17% | 22,707 | $1.7M | Reduce -1.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.16% | 3,361 | $1.6M | No change |
| AMP Ameriprise Financial Inc. | 0.16% | 3,034 | $1.6M | No change |
| JCI Johnson Controls Internation | 0.16% | 15,154 | $1.6M | No change |
| ZBRA Zebra Technologies Corp. Class A | 0.15% | 5,020 | $1.5M | No change |
| LIN Linde PLC | 0.15% | 3,259 | $1.5M | No change |
| MTD Mettler-Toledo International | 0.15% | 1,300 | $1.5M | No change |
| UPS United Parcel Service Class B | 0.15% | 14,732 | $1.5M | Reduce -5.9% |
| LOW Lowe's Cos Inc. | 0.15% | 6,696 | $1.5M | Reduce -7.6% |
| D Dominion Energy Inc. | 0.15% | 26,145 | $1.5M | Reduce -1.1% |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -0.7% | 4.42% | −0.56 |
| CVX Chevron Corp. | Reduce -0.4% | 1.36% | −0.29 |
| ABBV Abbvie Inc. | Reduce -2.0% | 1.21% | −0.23 |
| JNJ Johnson & Johnson | Reduce -0.1% | 1.61% | −0.20 |
| PG The Procter & Gamble Co. | Reduce -0.1% | 1.86% | −0.20 |
| MCD McDonald's Corp. | Reduce -0.2% | 1.51% | −0.16 |
| LLY Eli Lilly & Co. | Reduce -0.1% | 1.42% | −0.13 |
| HD Home Depot Inc. | Reduce -1.3% | 2.49% | −0.11 |
| GIS General Mills Inc. | Reduce -2.9% | 0.46% | −0.10 |
| XOM Exxon Mobil Corp. | Reduce -0.9% | 0.63% | −0.09 |
| AFL Aflac Inc. | Reduce -1.1% | 0.79% | −0.08 |
| NOBL Proshares S&P 500 Dividend A | Sold out | 0.00% | −0.07 |
| XEL Xcel Energy Inc. | Reduce -3.6% | 0.57% | −0.06 |
| ADP Automatic Data Processing | Reduce -1.1% | 1.88% | −0.06 |
| KMB Kimberly-Clark Corp. | Reduce -1.6% | 0.36% | −0.06 |
| TECH Bio-Techne Corp. | Reduce -1.4% | 0.28% | −0.06 |
| TJX TJX Companies Inc. | Reduce -2.3% | 1.27% | −0.05 |
| VZ Verizon Communications Inc. | Reduce -5.6% | 0.34% | −0.05 |
| BMY Bristol-Myers Squibb Co. | Reduce -12.9% | 0.08% | −0.05 |
| ABT Abbott Laboratories | Reduce -0.8% | 2.90% | −0.04 |
| HRL Hormel Foods Corp. | Reduce -3.3% | 0.47% | −0.04 |
| V Visa Inc. Class A | Reduce -0.6% | 1.59% | −0.04 |
| CLX Clorox Company | Reduce -15.1% | 0.08% | −0.04 |
| PAYX Paychex Inc. | Reduce -5.1% | 0.20% | −0.03 |
| SO The Southern Co. | Reduce -3.6% | 0.40% | −0.03 |
| UPS United Parcel Service Class B | Reduce -5.9% | 0.15% | −0.03 |
| MCK McKesson Corp. | Reduce -55.9% | 0.02% | −0.03 |
| LOW Lowe's Cos Inc. | Reduce -7.6% | 0.15% | −0.03 |
| FUL H.B. Fuller Co. | Sold out | 0.00% | −0.02 |
| REGL Prshrs S&P Mid 400 DVD Arist | Sold out | 0.00% | −0.02 |
| TRV The Travelers Cos Inc. | Reduce -1.0% | 0.70% | −0.02 |
| SMDV Proshrs RSL 2000 DVD GRW ETF | Sold out | 0.00% | −0.02 |
| KO The Coca-Cola Co. | Reduce -2.4% | 0.29% | −0.02 |
| PFE Pfizer Inc. | Reduce -8.8% | 0.11% | −0.02 |
| CHD Church & Dwight Co. Inc. | Reduce -6.6% | 0.07% | −0.02 |
| TSN Tyson Foods Inc. Class A | Reduce -1.1% | 0.09% | −0.02 |
| ROST Ross Stores Inc. | Reduce -3.1% | 0.25% | −0.02 |
| INTC Intel Corp. | Reduce -1.9% | 0.24% | −0.02 |
| PSX Phillips 66 | Reduce -17.8% | 0.05% | −0.02 |
| PFG Principal Financial Group | Reduce -14.6% | 0.05% | −0.01 |
| BND Vanguard Total Bond Market | Reduce -18.2% | 0.05% | −0.01 |
| SJM The JM Smucker Co. | Reduce -1.6% | 0.04% | −0.01 |
| GPC Genuine Parts Co. | Reduce -2.0% | 0.29% | −0.01 |
| SYY Sysco Corp. | Reduce -1.9% | 0.17% | −0.01 |
| SOLV Solventum Corp. | Reduce -10.4% | 0.05% | −0.01 |
| DCI Donaldson Co. Inc. | Reduce -1.2% | 0.59% | −0.01 |
| CE Celanese Corp. | Reduce -18.6% | 0.02% | −0.01 |
| SBUX Starbucks Corp. | Reduce -0.9% | 0.05% | −0.01 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -7.9% | 0.35% | −0.01 |
| D Dominion Energy Inc. | Reduce -1.1% | 0.15% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| TXN Texas Instruments Inc. | Add +4.6% | 1.42% | +0.21 |
| LHX L3HARRIS Technologies Inc. | Add +0.4% | 1.27% | +0.18 |
| BLK BlackRock Inc. | Add +0.2% | 1.35% | +0.10 |
| ECL Ecolab Inc. | Add +1.4% | 2.07% | +0.09 |
| KLAC KLA Corp. | Add +1.3% | 0.32% | +0.07 |
| GD General Dynamics Corp. | Add +1.6% | 1.30% | +0.07 |
| VOO Vanguard S&P 500 ETF | Add +7.3% | 0.50% | +0.06 |
| MS Morgan Stanley | Add +0.7% | 0.36% | +0.05 |
| GOOGL Alphabet Inc. Class A | Add +5.3% | 0.23% | +0.03 |
| IJH iShares Core S&P Midcap ETF | Add +4.2% | 0.44% | +0.03 |
| ECG Everus Construction Group | New | 0.03% | +0.03 |
| TSLA Tesla Inc. | New | 0.02% | +0.02 |
| META Meta Platforms Inc. Class A | New | 0.02% | +0.02 |
| IJR iShares Core S&P Small-Cap E | Add +4.8% | 0.40% | +0.02 |
| DAL Delta Air Lines Inc. | New | 0.02% | +0.02 |
| OEF iShares S&P 100 ETF | Add +30.8% | 0.07% | +0.02 |
| GEV GE Vernova Inc. | New | 0.02% | +0.02 |
| NKE Nike Inc. Class B | Add +1.3% | 0.22% | +0.02 |
| HSY The Hershey Co. | Add +9.7% | 0.56% | +0.02 |
| VEA Vanguard Ftse Developed ETF | Add +4.4% | 0.13% | +0.02 |
| FDS Factset Research Systems Inc. | Add +17.5% | 0.12% | +0.01 |
| ETN Eaton Corp. PLC | Add +9.5% | 0.04% | +0.01 |
| DIA SS SPDR Dow Jones Indus Avg | Add +34.8% | 0.04% | +0.01 |
| GE General Electric | Add +1.5% | 0.04% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +2.9% | 0.10% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +15.8% | 0.04% | +0.01 |
| IEMG iShares Core MSCI Emerging | Add +1.5% | 0.07% | +0.01 |
| IWB iShares Russell 1000 ETF | Add +3.1% | 0.06% | +0.01 |
| VXUS Vanguard Total Intl Stock | Add +0.0% | 0.08% | +0.01 |
| SCHF Schwab Intl Equity ETF | Add +0.7% | 0.06% | +0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +2.0% | 0.06% | +0.00 |
| SCHA Schwab US Small-Cap ETF | Add +1.0% | 0.02% | +0.00 |
| NEE Nextera Energy Inc. | Add +5.8% | 0.21% | +0.00 |
| IEF iShares 7-10 Year Treasury B | Add +0.5% | 0.02% | −0.00 |
| AMCR Amcor PLC | Add +7.3% | 0.06% | −0.00 |
| SHW The Sherwin-Williams Co. | Add +1.0% | 0.07% | −0.00 |
| TIP iShares Tips Bond ETF | Add +0.1% | 0.09% | −0.00 |
| UNP Union Pacific Corp. | Add +2.5% | 0.14% | −0.00 |
| AMT American Tower Corp. | Add +1.0% | 0.97% | −0.01 |
| MDT Medtronic PLC | Add +4.1% | 0.53% | −0.01 |
| ACN Accenture PLC Class A | Add +6.5% | 1.13% | −0.01 |
| FDX FedEx Corp. | Add +0.9% | 0.22% | −0.02 |
| COP Conocophillips | Add +0.8% | 0.11% | −0.02 |
| DHR Danaher Corp. | Add +0.4% | 0.40% | −0.03 |
| MRK Merck & Co. Inc. | Add +2.5% | 0.27% | −0.04 |
| CL Colgate-Palmolive Co. | Add +0.0% | 1.10% | −0.07 |
| TSCO Tractor Supply Company | Add +0.3% | 1.00% | −0.07 |
| TGT Target Corp. | Add +2.1% | 1.50% | −0.10 |
| PEP Pepsico Inc. | Add +3.0% | 1.38% | −0.19 |
| BDX Becton Dickinson and Co. | Add +4.2% | 0.85% | −0.27 |
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 |