Palisade Asset Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Palisade Asset Management, LLC reported 193 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 Oracle (ORCL, 3.3%). Compared with Q3 2025, it sold out of 508, added to 48 and reduced 101. The biggest buy was Pepsico (PEP, shares +5%) and the biggest sale Oracle (ORCL, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0001434323
- Portfolio Value
- $1.0B (Q4 2025)
- SEC Filing
- 0001434323-26-000001 ↗ filed Feb 13, 2026
Holdings Value
Holdings 193 stocks · $1.0B
| MSFT Microsoft Corp. | 6.04% | 128,188 | $62.0M | Reduce -3.0% |
| AAPL Apple Inc. | 5.31% | 200,245 | $54.4M | Reduce -4.3% |
| ORCL Oracle Corp. | 3.32% | 174,816 | $34.1M | Reduce -2.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.89% | 100,077 | $29.6M | Reduce -1.6% |
| CSCO Cisco Systems Inc. | 2.68% | 356,997 | $27.5M | Reduce -1.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.59% | 38,902 | $26.5M | Reduce -0.3% |
| UNH Unitedhealth Group Inc. | 2.58% | 80,053 | $26.4M | Reduce -3.4% |
| ABT Abbott Laboratories | 2.49% | 203,979 | $25.6M | Reduce -5.0% |
| JPM JPMorgan Chase & Co. | 2.37% | 75,437 | $24.3M | Reduce -3.8% |
| AMGN Amgen Inc. | 2.36% | 73,946 | $24.2M | Reduce -1.2% |
| HD Home Depot Inc. | 2.29% | 68,165 | $23.5M | Add +0.2% |
| JNJ Johnson & Johnson | 2.08% | 103,211 | $21.4M | Reduce -2.1% |
| ECL Ecolab Inc. | 1.97% | 76,854 | $20.2M | Reduce -0.8% |
| DE Deere & Co. | 1.68% | 37,084 | $17.3M | Reduce -2.3% |
| PEP Pepsico Inc. | 1.60% | 114,493 | $16.4M | Add +4.6% |
| ADP Automatic Data Processing | 1.55% | 61,987 | $15.9M | Add +1.3% |
| LLY Eli Lilly & Co. | 1.54% | 14,727 | $15.8M | Reduce -22.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.54% | 102,517 | $15.7M | Reduce -0.2% |
| PG The Procter & Gamble Co. | 1.53% | 109,785 | $15.7M | Reduce -6.1% |
| MCD McDonald's Corp. | 1.53% | 51,454 | $15.7M | Reduce -1.2% |
| V Visa Inc. Class A | 1.49% | 43,588 | $15.3M | Reduce -3.1% |
| TGT Target Corp. | 1.45% | 151,804 | $14.8M | Reduce -2.2% |
| MMM 3M Co. | 1.44% | 92,537 | $14.8M | Reduce -2.8% |
| LHX L3HARRIS Technologies Inc. | 1.43% | 49,937 | $14.7M | Reduce -1.5% |
| GD General Dynamics Corp. | 1.43% | 43,446 | $14.6M | Reduce -2.5% |
| ABBV Abbvie Inc. | 1.42% | 63,643 | $14.5M | Reduce -2.2% |
| RY Royal Bank of Canada | 1.41% | 84,756 | $14.5M | Reduce -1.5% |
| CVX Chevron Corp. | 1.41% | 94,785 | $14.4M | Reduce -0.7% |
| USB US Bancorp | 1.37% | 262,516 | $14.0M | Reduce -6.6% |
| BLK BlackRock Inc. | 1.30% | 12,495 | $13.4M | Reduce -2.7% |
| SYK Stryker Corp. | 1.29% | 37,529 | $13.2M | Reduce -0.0% |
| RTX RTX Corp. | 1.21% | 67,462 | $12.4M | Reduce -2.3% |
| ACN Accenture PLC Class A | 1.20% | 45,817 | $12.3M | Reduce -4.1% |
| TXN Texas Instruments Inc. | 1.16% | 68,858 | $11.9M | Reduce -4.8% |
| TSCO Tractor Supply Company | 0.92% | 189,688 | $9.5M | Add +0.1% |
| CL Colgate-Palmolive Co. | 0.91% | 117,993 | $9.3M | Reduce -0.9% |
| HSY The Hershey Co. | 0.85% | 47,697 | $8.7M | Reduce -13.8% |
| TRV The Travelers Cos Inc. | 0.83% | 29,292 | $8.5M | Add +12.0% |
| IWM iShares Russell 2000 ETF | 0.79% | 33,015 | $8.1M | Add +0.1% |
| BDX Becton Dickinson and Co. | 0.78% | 41,308 | $8.0M | Reduce -19.9% |
| BALL Ball Corp. | 0.76% | 146,718 | $7.8M | Reduce -12.8% |
| AFL Aflac Inc. | 0.75% | 69,654 | $7.7M | Reduce -4.3% |
| DCI Donaldson Co. Inc. | 0.74% | 85,354 | $7.6M | Reduce -0.3% |
| XOM Exxon Mobil Corp. | 0.69% | 58,440 | $7.0M | Reduce -1.3% |
| AMT American Tower Corp. | 0.63% | 37,066 | $6.5M | Reduce -22.1% |
| WMT Walmart Inc. | 0.63% | 57,931 | $6.5M | Reduce -0.1% |
| MDY State Street SPDR S&P Midcap | 0.61% | 10,451 | $6.3M | Add +0.1% |
| XEL Xcel Energy Inc. | 0.59% | 82,590 | $6.1M | Reduce -2.2% |
| VOO Vanguard S&P 500 ETF | 0.59% | 9,584 | $6.0M | Reduce -0.8% |
| MDT Medtronic PLC | 0.53% | 56,838 | $5.5M | Reduce -7.5% |
| APH Amphenol Corp. Class A | 0.51% | 38,504 | $5.2M | Add +0.5% |
| IJH iShares Core S&P Midcap ETF | 0.50% | 78,328 | $5.2M | Add +3.8% |
| CAT Caterpillar Inc. | 0.48% | 8,583 | $4.9M | Reduce -1.0% |
| IJR iShares Core S&P Small-Cap E | 0.47% | 39,889 | $4.8M | Add +4.5% |
| DHR Danaher Corp. | 0.46% | 20,496 | $4.7M | Add +0.2% |
| MS Morgan Stanley | 0.45% | 25,807 | $4.6M | Reduce -0.2% |
| IEFA iShares Core MSCI Eafe ETF | 0.45% | 51,144 | $4.6M | Add +3.5% |
| GGG Graco Inc. | 0.44% | 54,453 | $4.5M | Reduce -0.5% |
| FAST Fastenal Co. | 0.43% | 108,836 | $4.4M | Reduce -0.1% |
| EMR Emerson Electric Co. | 0.42% | 32,266 | $4.3M | Reduce -0.7% |
| KLAC KLA Corp. | 0.42% | 3,524 | $4.3M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 0.40% | 13,217 | $4.1M | Add +0.8% |
| INTC Intel Corp. | 0.36% | 101,079 | $3.7M | Reduce -3.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.36% | 11,091 | $3.7M | Reduce -22.9% |
| MRK Merck & Co. Inc. | 0.36% | 35,284 | $3.7M | Add +3.4% |
| SO The Southern Co. | 0.36% | 41,907 | $3.7M | Reduce -4.4% |
| EFA iShares MSCI Eafe ETF | 0.35% | 36,882 | $3.5M | Add +0.3% |
| ROST Ross Stores Inc. | 0.34% | 19,482 | $3.5M | Reduce -0.6% |
| NEE Nextera Energy Inc. | 0.33% | 41,537 | $3.3M | Add +11.3% |
| TECH Bio-Techne Corp. | 0.32% | 55,524 | $3.3M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 0.32% | 10,359 | $3.3M | Add +2.1% |
| FDX FedEx Corp. | 0.31% | 10,978 | $3.2M | Add +4.8% |
| HON Honeywell International Inc. | 0.31% | 16,196 | $3.2M | Reduce -0.6% |
| GIS General Mills Inc. | 0.30% | 65,378 | $3.0M | Reduce -16.7% |
| KO The Coca-Cola Co. | 0.28% | 40,932 | $2.9M | Reduce -1.4% |
| NVDA Nvidia Corp. | 0.27% | 15,037 | $2.8M | Add +1.0% |
| MKC McCormick & Co.-Non VTG SHRS | 0.25% | 37,964 | $2.6M | Reduce -0.5% |
| IWF iShares Russell 1000 Growth | 0.25% | 5,375 | $2.5M | Reduce -5.7% |
| AXP American Express Co. | 0.23% | 6,494 | $2.4M | Reduce -2.0% |
| KMB Kimberly-Clark Corp. | 0.23% | 23,795 | $2.4M | Reduce -13.8% |
| GPC Genuine Parts Co. | 0.22% | 18,606 | $2.3M | Reduce -23.5% |
| NVS Novartis AG-Sponsored ADR | 0.22% | 16,409 | $2.3M | Reduce -0.3% |
| NKE Nike Inc. Class B | 0.20% | 32,956 | $2.1M | Add +2.8% |
| CNP Centerpoint Energy Inc. | 0.19% | 50,340 | $1.9M | Reduce -25.8% |
| MTD Mettler-Toledo International | 0.18% | 1,300 | $1.8M | No change |
| JCI Johnson Controls Internation | 0.17% | 14,993 | $1.8M | Reduce -1.1% |
| VZ Verizon Communications Inc. | 0.17% | 43,869 | $1.8M | Reduce -45.0% |
| T AT&T Inc. | 0.17% | 69,879 | $1.7M | Reduce -3.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.17% | 3,422 | $1.7M | Add +2.1% |
| FDS Factset Research Systems Inc. | 0.17% | 5,870 | $1.7M | Add +80.3% |
| LOW Lowe's Cos Inc. | 0.16% | 6,627 | $1.6M | Reduce -1.1% |
| WFC Wells Fargo & Co. | 0.15% | 17,047 | $1.6M | Add +2.4% |
| GL Globe Life Inc. | 0.15% | 11,244 | $1.6M | No change |
| UNP Union Pacific Corp. | 0.15% | 6,698 | $1.5M | Add +7.0% |
| PAYX Paychex Inc. | 0.15% | 13,578 | $1.5M | No change |
| SYY Sysco Corp. | 0.14% | 18,978 | $1.4M | Reduce -7.5% |
| LIN Linde PLC | 0.14% | 3,278 | $1.4M | Add +0.5% |
| PNR Pentair PLC | 0.13% | 13,192 | $1.4M | Reduce -0.2% |
| AMP Ameriprise Financial Inc. | 0.13% | 2,734 | $1.3M | Reduce -9.9% |
| SDY SS SPDR S&P Dividend ETF | 0.13% | 9,486 | $1.3M | Reduce -1.6% |
Portfolio Sells Q3 2025 → Q4 2025
| ORCL Oracle Corp. | Reduce -2.3% | 3.32% | −1.35 |
| MSFT Microsoft Corp. | Reduce -3.0% | 6.04% | −0.32 |
| ASB Associated Banc-Corp. | Sold out | 0.00% | −0.24 |
| AMT American Tower Corp. | Reduce -22.1% | 0.63% | −0.22 |
| ABT Abbott Laboratories | Reduce -5.0% | 2.49% | −0.18 |
| VZ Verizon Communications Inc. | Reduce -45.0% | 0.17% | −0.15 |
| PG The Procter & Gamble Co. | Reduce -6.1% | 1.53% | −0.14 |
| D Dominion Energy Inc. | Reduce -85.5% | 0.02% | −0.13 |
| BDX Becton Dickinson and Co. | Reduce -19.9% | 0.78% | −0.12 |
| HSY The Hershey Co. | Reduce -13.8% | 0.85% | −0.12 |
| GPC Genuine Parts Co. | Reduce -23.5% | 0.22% | −0.09 |
| BLK BlackRock Inc. | Reduce -2.7% | 1.30% | −0.09 |
| KMB Kimberly-Clark Corp. | Reduce -13.8% | 0.23% | −0.09 |
| UNH Unitedhealth Group Inc. | Reduce -3.4% | 2.58% | −0.08 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -22.9% | 0.36% | −0.08 |
| GIS General Mills Inc. | Reduce -16.7% | 0.30% | −0.07 |
| FAST Fastenal Co. | Reduce -0.1% | 0.43% | −0.07 |
| TXN Texas Instruments Inc. | Reduce -4.8% | 1.16% | −0.07 |
| FISV Fiserv Inc. | Reduce -0.1% | 0.08% | −0.07 |
| CNP Centerpoint Energy Inc. | Reduce -25.8% | 0.19% | −0.06 |
| FHI Federated Hermes Inc. | Reduce -31.3% | 0.11% | −0.04 |
| XEL Xcel Energy Inc. | Reduce -2.2% | 0.59% | −0.04 |
| HRL Hormel Foods Corp. | Reduce -58.6% | 0.02% | −0.03 |
| CAG Conagra Brands Inc. | Sold out | 0.00% | −0.03 |
| BALL Ball Corp. | Reduce -12.8% | 0.76% | −0.03 |
| SO The Southern Co. | Reduce -4.4% | 0.36% | −0.03 |
| CLX Clorox Company | Reduce -29.2% | 0.04% | −0.03 |
| SWK Stanley Black & Decker Inc. | Sold out | 0.00% | −0.03 |
| TSN Tyson Foods Inc. Class A | Reduce -43.0% | 0.05% | −0.03 |
| T AT&T Inc. | Reduce -3.5% | 0.17% | −0.02 |
| SYY Sysco Corp. | Reduce -7.5% | 0.14% | −0.02 |
| IDCC Interdigital Inc. | Sold out | 0.00% | −0.02 |
| KNF Knife River Corp. | Sold out | 0.00% | −0.02 |
| HDV iShares Core High Dividend E | Sold out | 0.00% | −0.02 |
| MUB iShares National Muni Bond E | Sold out | 0.00% | −0.02 |
| VLTO Veralto Corp. | Sold out | 0.00% | −0.02 |
| DTM DT Midstream Inc. | Sold out | 0.00% | −0.02 |
| HUBB Hubbell Inc. | Sold out | 0.00% | −0.02 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −0.02 |
| SCHX Schwab US Large-Cap ETF | Sold out | 0.00% | −0.02 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.02 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.01 |
| GLD SPDR Gold Shares | Sold out | 0.00% | −0.01 |
| BSCP Invesco Bulletshares 2025 CB | Sold out | 0.00% | −0.01 |
| CMF iShares California Muni Bond | Sold out | 0.00% | −0.01 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Sold out | 0.00% | −0.01 |
| ATR Aptargroup Inc. | Sold out | 0.00% | −0.01 |
| BAB Invesco Taxable Municipal Bo | Sold out | 0.00% | −0.01 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.01 |
| AEP American Electric Power | Sold out | 0.00% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| PEP Pepsico Inc. | Add +4.6% | 1.60% | +0.17 |
| TRV The Travelers Cos Inc. | Add +12.0% | 0.83% | +0.15 |
| GOOGL Alphabet Inc. Class A | Add +0.8% | 0.40% | +0.11 |
| MRK Merck & Co. Inc. | Add +3.4% | 0.36% | +0.10 |
| GOOG Alphabet Inc. Class C | Add +2.1% | 0.32% | +0.09 |
| DHR Danaher Corp. | Add +0.2% | 0.46% | +0.08 |
| FDX FedEx Corp. | Add +4.8% | 0.31% | +0.08 |
| FDS Factset Research Systems Inc. | Add +80.3% | 0.17% | +0.08 |
| APH Amphenol Corp. Class A | Add +0.5% | 0.51% | +0.07 |
| NEE Nextera Energy Inc. | Add +11.3% | 0.33% | +0.06 |
| IWM iShares Russell 2000 ETF | Add +0.1% | 0.79% | +0.05 |
| IJH iShares Core S&P Midcap ETF | Add +3.8% | 0.50% | +0.05 |
| IJR iShares Core S&P Small-Cap E | Add +4.5% | 0.47% | +0.05 |
| IEFA iShares Core MSCI Eafe ETF | Add +3.5% | 0.45% | +0.04 |
| MDY State Street SPDR S&P Midcap | Add +0.1% | 0.61% | +0.04 |
| EFA iShares MSCI Eafe ETF | Add +0.3% | 0.35% | +0.03 |
| WFC Wells Fargo & Co. | Add +2.4% | 0.15% | +0.03 |
| PM Philip Morris International | Add +14420.0% | 0.02% | +0.02 |
| VEA Vanguard Ftse Developed ETF | Add +10.7% | 0.11% | +0.02 |
| AMZN Amazon.com Inc. | Add +7.6% | 0.11% | +0.02 |
| OEF iShares S&P 100 ETF | Add +13.8% | 0.09% | +0.02 |
| DIS The Walt Disney Co. | Add +14.1% | 0.11% | +0.02 |
| AVGO Broadcom Inc. | Add +6.9% | 0.11% | +0.02 |
| GHC Graham Holdings Co. Class B | Add +46.2% | 0.05% | +0.02 |
| NVDA Nvidia Corp. | Add +1.0% | 0.27% | +0.02 |
| UNP Union Pacific Corp. | Add +7.0% | 0.15% | +0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.1% | 0.17% | +0.01 |
| IEMG iShares Core MSCI Emerging | Add +5.1% | 0.10% | +0.01 |
| VXUS Vanguard Total Intl Stock | Add +2.1% | 0.08% | +0.01 |
| CSX CSX Corp. | Add +33.3% | 0.02% | +0.01 |
| GEV GE Vernova Inc. | Add +13.0% | 0.03% | +0.01 |
| COP Conocophillips | Add +1.1% | 0.12% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +5.3% | 0.05% | +0.01 |
| WMB Williams Cos Inc. | Add +6.8% | 0.09% | +0.01 |
| ADBE Adobe Inc. | Add +17.2% | 0.02% | +0.00 |
| VT Vanguard Tot World STK ETF | Add +8.3% | 0.02% | +0.00 |
| META Meta Platforms Inc. Class A | Add +18.3% | 0.03% | +0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.5% | 0.06% | +0.00 |
| IWR iShares Russell Mid-Cap ETF | Add +0.0% | 0.05% | +0.00 |
| ITW Illinois Tool Works | Add +0.5% | 0.09% | −0.00 |
| COST Costco Wholesale Corp. | Add +1.4% | 0.06% | −0.00 |
| ETN Eaton Corp. PLC | Add +3.9% | 0.04% | −0.00 |
| NKE Nike Inc. Class B | Add +2.8% | 0.20% | −0.00 |
| LIN Linde PLC | Add +0.5% | 0.14% | −0.01 |
| ZBRA Zebra Technologies Corp. Class A | Add +1.1% | 0.12% | −0.02 |
| TSCO Tractor Supply Company | Add +0.1% | 0.92% | −0.08 |
| ADP Automatic Data Processing | Add +1.3% | 1.55% | −0.12 |
| HD Home Depot Inc. | Add +0.2% | 2.29% | −0.28 |
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 |