Palisade Asset Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 14, 2026), Palisade Asset Management, LLC reported 195 stock positions worth $995.9 million. Its top holding was Apple (AAPL) at 5.0% of the portfolio, followed by Microsoft (MSFT, 4.8%) and Cisco Systems (CSCO, 2.8%). Compared with Q4 2025, it opened 7 new positions, sold out of 5, added to 60 and reduced 76. The biggest buy was a new position in Waters (WAT) and the biggest sale Oracle (ORCL, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0001434323
- Portfolio Value
- $995.9M (Q1 2026)
- SEC Filing
- 0001434323-26-000002 ↗ filed Apr 14, 2026
Holdings Value
Holdings 195 stocks · $995.9M
| AAPL Apple Inc. | 5.02% | 197,131 | $50.0M | Reduce -1.6% |
| MSFT Microsoft Corp. | 4.80% | 129,181 | $47.8M | Add +0.8% |
| CSCO Cisco Systems Inc. | 2.77% | 355,443 | $27.6M | Reduce -0.4% |
| AMGN Amgen Inc. | 2.60% | 73,622 | $25.9M | Reduce -0.4% |
| ORCL Oracle Corp. | 2.58% | 174,596 | $25.7M | Reduce -0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.54% | 38,848 | $25.3M | Reduce -0.1% |
| JNJ Johnson & Johnson | 2.53% | 102,949 | $25.2M | Reduce -0.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.43% | 99,699 | $24.2M | Reduce -0.4% |
| HD Home Depot Inc. | 2.25% | 68,188 | $22.4M | Add +0.0% |
| JPM JPMorgan Chase & Co. | 2.23% | 75,497 | $22.2M | Add +0.1% |
| UNH Unitedhealth Group Inc. | 2.16% | 79,645 | $21.6M | Reduce -0.5% |
| ABT Abbott Laboratories | 2.12% | 205,870 | $21.1M | Add +0.9% |
| DE Deere & Co. | 2.08% | 36,843 | $20.8M | Reduce -0.7% |
| ECL Ecolab Inc. | 2.05% | 76,609 | $20.4M | Reduce -0.3% |
| CVX Chevron Corp. | 1.96% | 94,441 | $19.5M | Reduce -0.4% |
| TGT Target Corp. | 1.84% | 150,966 | $18.3M | Reduce -0.6% |
| PEP Pepsico Inc. | 1.77% | 113,778 | $17.7M | Reduce -0.6% |
| LHX L3HARRIS Technologies Inc. | 1.72% | 49,546 | $17.1M | Reduce -0.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.65% | 102,601 | $16.4M | Add +0.1% |
| MCD McDonald's Corp. | 1.60% | 51,408 | $16.0M | Reduce -0.1% |
| PG The Procter & Gamble Co. | 1.60% | 110,159 | $15.9M | Add +0.3% |
| GD General Dynamics Corp. | 1.49% | 43,240 | $14.8M | Reduce -0.5% |
| ABBV Abbvie Inc. | 1.39% | 63,609 | $13.8M | Reduce -0.1% |
| RY Royal Bank of Canada | 1.37% | 84,181 | $13.6M | Reduce -0.7% |
| LLY Eli Lilly & Co. | 1.33% | 14,418 | $13.3M | Reduce -2.1% |
| V Visa Inc. Class A | 1.32% | 43,496 | $13.1M | Reduce -0.2% |
| RTX RTX Corp. | 1.30% | 67,359 | $13.0M | Reduce -0.1% |
| USB US Bancorp | 1.30% | 249,472 | $13.0M | Reduce -5.0% |
| TXN Texas Instruments Inc. | 1.30% | 66,439 | $12.9M | Reduce -3.5% |
| ADP Automatic Data Processing | 1.29% | 63,213 | $12.8M | Add +2.0% |
| MMM 3M Co. | 1.28% | 87,673 | $12.7M | Reduce -5.3% |
| SYK Stryker Corp. | 1.24% | 37,498 | $12.3M | Reduce -0.1% |
| BLK BlackRock Inc. | 1.19% | 12,330 | $11.9M | Reduce -1.3% |
| HSY The Hershey Co. | 0.99% | 47,662 | $9.9M | Reduce -0.1% |
| XOM Exxon Mobil Corp. | 0.99% | 58,177 | $9.9M | Reduce -0.5% |
| CL Colgate-Palmolive Co. | 0.95% | 110,682 | $9.4M | Reduce -6.2% |
| ACN Accenture PLC Class A | 0.92% | 46,013 | $9.1M | Add +0.4% |
| TSCO Tractor Supply Company | 0.86% | 190,100 | $8.6M | Add +0.2% |
| BALL Ball Corp. | 0.86% | 145,473 | $8.6M | Reduce -0.8% |
| TRV The Travelers Cos Inc. | 0.86% | 29,237 | $8.5M | Reduce -0.2% |
| IWM iShares Russell 2000 ETF | 0.82% | 32,974 | $8.2M | Reduce -0.1% |
| AFL Aflac Inc. | 0.76% | 68,969 | $7.6M | Reduce -1.0% |
| DCI Donaldson Co. Inc. | 0.73% | 85,114 | $7.2M | Reduce -0.3% |
| WMT Walmart Inc. | 0.72% | 57,339 | $7.1M | Reduce -1.0% |
| XEL Xcel Energy Inc. | 0.66% | 82,377 | $6.5M | Reduce -0.3% |
| BDX Becton Dickinson and Co. | 0.65% | 41,443 | $6.5M | Add +0.3% |
| AMT American Tower Corp. | 0.65% | 37,641 | $6.5M | Add +1.6% |
| MDY State Street SPDR S&P Midcap | 0.65% | 10,451 | $6.4M | No change |
| CAT Caterpillar Inc. | 0.61% | 8,558 | $6.1M | Reduce -0.3% |
| VOO Vanguard S&P 500 ETF | 0.59% | 9,884 | $5.9M | Add +3.1% |
| IJH iShares Core S&P Midcap ETF | 0.54% | 80,188 | $5.4M | Add +2.4% |
| KLAC KLA Corp. | 0.52% | 3,515 | $5.2M | Reduce -0.3% |
| FAST Fastenal Co. | 0.51% | 108,773 | $5.0M | Reduce -0.1% |
| IJR iShares Core S&P Small-Cap E | 0.51% | 40,511 | $5.0M | Add +1.6% |
| APH Amphenol Corp. Class A | 0.49% | 38,509 | $4.9M | Add +0.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.47% | 52,014 | $4.7M | Add +1.7% |
| GGG Graco Inc. | 0.46% | 54,441 | $4.6M | Reduce -0.0% |
| INTC Intel Corp. | 0.44% | 100,161 | $4.4M | Reduce -0.9% |
| MDT Medtronic PLC | 0.44% | 50,629 | $4.4M | Reduce -10.9% |
| GOOGL Alphabet Inc. Class A | 0.44% | 15,132 | $4.4M | Add +14.5% |
| MS Morgan Stanley | 0.43% | 26,056 | $4.3M | Add +1.0% |
| MRK Merck & Co. Inc. | 0.43% | 35,199 | $4.2M | Reduce -0.2% |
| EMR Emerson Electric Co. | 0.42% | 32,216 | $4.2M | Reduce -0.1% |
| ROST Ross Stores Inc. | 0.42% | 19,447 | $4.2M | Reduce -0.2% |
| SO The Southern Co. | 0.41% | 41,907 | $4.0M | No change |
| FDX FedEx Corp. | 0.39% | 10,968 | $3.9M | Reduce -0.1% |
| DHR Danaher Corp. | 0.39% | 20,517 | $3.9M | Add +0.1% |
| NEE Nextera Energy Inc. | 0.39% | 41,724 | $3.9M | Add +0.5% |
| HON Honeywell International Inc. | 0.37% | 16,202 | $3.7M | Add +0.0% |
| EFA iShares MSCI Eafe ETF | 0.36% | 36,882 | $3.6M | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.36% | 11,094 | $3.6M | Add +0.0% |
| KO The Coca-Cola Co. | 0.31% | 40,932 | $3.1M | No change |
| GOOG Alphabet Inc. Class C | 0.30% | 10,359 | $3.0M | No change |
| TECH Bio-Techne Corp. | 0.29% | 55,524 | $2.9M | No change |
| NVDA Nvidia Corp. | 0.26% | 15,111 | $2.6M | Add +0.5% |
| NVS Novartis AG-Sponsored ADR | 0.25% | 16,409 | $2.5M | No change |
| GIS General Mills Inc. | 0.23% | 62,046 | $2.3M | Reduce -5.1% |
| IWF iShares Russell 1000 Growth | 0.23% | 5,255 | $2.2M | Reduce -2.2% |
| VZ Verizon Communications Inc. | 0.22% | 43,849 | $2.2M | Reduce -0.1% |
| CNP Centerpoint Energy Inc. | 0.22% | 50,340 | $2.2M | No change |
| KMB Kimberly-Clark Corp. | 0.22% | 22,279 | $2.1M | Reduce -6.4% |
| T AT&T Inc. | 0.20% | 68,235 | $2.0M | Reduce -2.4% |
| GPC Genuine Parts Co. | 0.20% | 18,621 | $2.0M | Add +0.1% |
| JCI Johnson Controls Internation | 0.20% | 14,993 | $2.0M | No change |
| AXP American Express Co. | 0.20% | 6,449 | $2.0M | Reduce -0.7% |
| MKC McCormick & Co.-Non VTG SHRS | 0.19% | 37,943 | $1.9M | Reduce -0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.19% | 3,936 | $1.9M | Add +15.0% |
| NKE Nike Inc. Class B | 0.18% | 33,211 | $1.8M | Add +0.8% |
| ADM Archer-Daniels-Midland Co. | 0.17% | 22,864 | $1.7M | Add +0.2% |
| COP Conocophillips | 0.17% | 12,571 | $1.7M | Reduce -0.6% |
| MTD Mettler-Toledo International | 0.16% | 1,300 | $1.6M | No change |
| UNP Union Pacific Corp. | 0.16% | 6,735 | $1.6M | Add +0.6% |
| XLE SS Energy Select Sector | 0.16% | 26,370 | $1.6M | Add +0.3% |
| WAT Waters Corp. | 0.16% | 5,336 | $1.6M | New |
| LOW Lowe's Cos Inc. | 0.16% | 6,627 | $1.6M | No change |
| GL Globe Life Inc. | 0.16% | 11,244 | $1.6M | No change |
| LIN Linde PLC | 0.16% | 3,133 | $1.6M | Reduce -4.4% |
| AMZN Amazon.com Inc. | 0.15% | 6,939 | $1.4M | Add +37.9% |
| APA Apa Corp. | 0.14% | 33,082 | $1.4M | No change |
| SDY SS SPDR S&P Dividend ETF | 0.14% | 9,418 | $1.4M | Reduce -0.7% |
Portfolio Sells Q4 2025 → Q1 2026
| ORCL Oracle Corp. | Reduce -0.1% | 2.58% | −0.74 |
| IBM Intl Business Machines Corp. | Reduce -0.4% | 2.43% | −0.46 |
| UNH Unitedhealth Group Inc. | Reduce -0.5% | 2.16% | −0.41 |
| AAPL Apple Inc. | Reduce -1.6% | 5.02% | −0.28 |
| LLY Eli Lilly & Co. | Reduce -2.1% | 1.33% | −0.21 |
| V Visa Inc. Class A | Reduce -0.2% | 1.32% | −0.17 |
| MMM 3M Co. | Reduce -5.3% | 1.28% | −0.17 |
| BLK BlackRock Inc. | Reduce -1.3% | 1.19% | −0.11 |
| MDT Medtronic PLC | Reduce -10.9% | 0.44% | −0.09 |
| GIS General Mills Inc. | Reduce -5.1% | 0.23% | −0.06 |
| USB US Bancorp | Reduce -5.0% | 1.30% | −0.06 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -0.1% | 0.19% | −0.06 |
| FDS Factset Research Systems Inc. | Reduce -14.0% | 0.11% | −0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.1% | 2.54% | −0.05 |
| SYK Stryker Corp. | Reduce -0.1% | 1.24% | −0.05 |
| RY Royal Bank of Canada | Reduce -0.7% | 1.37% | −0.04 |
| AXP American Express Co. | Reduce -0.7% | 0.20% | −0.04 |
| ABBV Abbvie Inc. | Reduce -0.1% | 1.39% | −0.03 |
| SOLV Solventum Corp. | Sold out | 0.00% | −0.02 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.02 |
| HRL Hormel Foods Corp. | Sold out | 0.00% | −0.02 |
| IWF iShares Russell 1000 Growth | Reduce -2.2% | 0.23% | −0.02 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.02 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.02 |
| WFC Wells Fargo & Co. | Reduce -0.5% | 0.14% | −0.02 |
| KMB Kimberly-Clark Corp. | Reduce -6.4% | 0.22% | −0.02 |
| DCI Donaldson Co. Inc. | Reduce -0.3% | 0.73% | −0.01 |
| FISV Fiserv Inc. | Reduce -0.7% | 0.07% | −0.01 |
| TSLA Tesla Inc. | Reduce -9.2% | 0.03% | −0.01 |
| OEF iShares S&P 100 ETF | Reduce -3.6% | 0.08% | −0.01 |
| SYY Sysco Corp. | Reduce -3.0% | 0.13% | −0.00 |
| AMCR Amcor PLC | Reduce -1.6% | 0.05% | −0.00 |
| ACWI iShares MSCI Acwi ETF | Reduce -0.4% | 0.02% | +0.00 |
| BND Vanguard Total Bond Market | Reduce -1.8% | 0.03% | +0.00 |
| IWN iShares Russell 2000 Value E | Reduce -3.0% | 0.02% | +0.00 |
| SBUX Starbucks Corp. | Reduce -7.0% | 0.05% | +0.00 |
| D Dominion Energy Inc. | Reduce -0.3% | 0.02% | +0.00 |
| UPS United Parcel Service Class B | Reduce -0.4% | 0.11% | +0.00 |
| CLX Clorox Company | Reduce -0.1% | 0.04% | +0.00 |
| PH Parker Hannifin Corp. | Reduce -0.3% | 0.13% | +0.01 |
| ETN Eaton Corp. PLC | Reduce -0.6% | 0.04% | +0.01 |
| EMR Emerson Electric Co. | Reduce -0.1% | 0.42% | +0.01 |
| SDY SS SPDR S&P Dividend ETF | Reduce -0.7% | 0.14% | +0.01 |
| AFL Aflac Inc. | Reduce -1.0% | 0.76% | +0.01 |
| WMB Williams Cos Inc. | Reduce -9.7% | 0.10% | +0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.9% | 0.10% | +0.01 |
| PFE Pfizer Inc. | Reduce -2.7% | 0.12% | +0.01 |
| LIN Linde PLC | Reduce -4.4% | 0.16% | +0.02 |
| PSX Phillips 66 | Reduce -3.6% | 0.07% | +0.02 |
| GGG Graco Inc. | Reduce -0.0% | 0.46% | +0.03 |
Portfolio Buys Q4 2025 → Q1 2026
| WAT Waters Corp. | New | 0.16% | +0.16 |
| TJX TJX Companies Inc. | Add +0.1% | 1.65% | +0.11 |
| NEE Nextera Energy Inc. | Add +0.5% | 0.39% | +0.06 |
| PG The Procter & Gamble Co. | Add +0.3% | 1.60% | +0.06 |
| HON Honeywell International Inc. | Add +0.0% | 0.37% | +0.06 |
| XLE SS Energy Select Sector | Add +0.3% | 0.16% | +0.05 |
| IJH iShares Core S&P Midcap ETF | Add +2.4% | 0.54% | +0.04 |
| ADM Archer-Daniels-Midland Co. | Add +0.2% | 0.17% | +0.04 |
| IJR iShares Core S&P Small-Cap E | Add +1.6% | 0.51% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +14.5% | 0.44% | +0.03 |
| IBKR Interactive Brokers Gro Class A | New | 0.03% | +0.03 |
| AMZN Amazon.com Inc. | Add +37.9% | 0.15% | +0.03 |
| MA Mastercard Inc. Class A | New | 0.03% | +0.03 |
| IEFA iShares Core MSCI Eafe ETF | Add +1.7% | 0.47% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +15.0% | 0.19% | +0.02 |
| HDV iShares Core High Dividend E | New | 0.02% | +0.02 |
| KNF Knife River Corp. | New | 0.02% | +0.02 |
| AMAT Applied Materials Inc. | New | 0.02% | +0.02 |
| DTM DT Midstream Inc. | New | 0.02% | +0.02 |
| META Meta Platforms Inc. Class A | Add +88.8% | 0.05% | +0.02 |
| AMT American Tower Corp. | Add +1.6% | 0.65% | +0.02 |
| ECG Everus Construction Group | Add +1.2% | 0.05% | +0.01 |
| UNP Union Pacific Corp. | Add +0.6% | 0.16% | +0.01 |
| IEMG iShares Core MSCI Emerging | Add +5.3% | 0.11% | +0.01 |
| COST Costco Wholesale Corp. | Add +1.0% | 0.07% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +4.7% | 0.12% | +0.01 |
| CHD Church & Dwight Co. Inc. | Add +0.1% | 0.07% | +0.01 |
| SHW The Sherwin-Williams Co. | Add +9.7% | 0.07% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +3.1% | 0.59% | +0.01 |
| CSX CSX Corp. | Add +11.8% | 0.03% | +0.01 |
| DTE DTE Energy Company | Add +0.4% | 0.04% | +0.01 |
| MU Micron Technology Inc. | Add +1.0% | 0.03% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +0.8% | 0.11% | +0.00 |
| VXUS Vanguard Total Intl Stock | Add +0.0% | 0.09% | +0.00 |
| IVV iShares Core S&P 500 ETF | Add +11.0% | 0.05% | +0.00 |
| MDU Mdu Resources Group Inc. | Add +1.2% | 0.04% | +0.00 |
| PFG Principal Financial Group | Add +0.4% | 0.05% | +0.00 |
| CHRW C.H. Robinson Worldwide Inc. | Add +0.4% | 0.04% | +0.00 |
| IWR iShares Russell Mid-Cap ETF | Add +0.0% | 0.06% | +0.00 |
| IWD iShares Russell 1000 Value E | Add +0.0% | 0.05% | +0.00 |
| PM Philip Morris International | Add +1.2% | 0.02% | +0.00 |
| AGG iShares Core U.S. Aggregate | Add +0.1% | 0.05% | +0.00 |
| SJM The JM Smucker Co. | Add +0.3% | 0.03% | +0.00 |
| IWO iShares Russell 2000 Growth | Add +0.3% | 0.06% | +0.00 |
| IVW iShares S&P 500 Growth ETF | Add +2.5% | 0.06% | −0.00 |
| GE General Electric | Add +0.1% | 0.05% | −0.00 |
| SCHW Schwab (charles) Corp. | Add +0.3% | 0.11% | −0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.0% | 0.36% | −0.01 |
| AVGO Broadcom Inc. | Add +1.5% | 0.10% | −0.01 |
| NVDA Nvidia Corp. | Add +0.5% | 0.26% | −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 |