Praxis Investment Management Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 22, 2025), Praxis Investment Management Inc. reported 784 stock positions worth $1.5 billion. Its top holding was Apple (AAPL) at 5.4% of the portfolio, followed by Praxis Impact Bond Fund-I (MIIIX, 5.3%) and Nvidia (NVDA, 3.9%). Compared with Q4 2024, it opened 51 new positions, sold out of 82, added to 165 and reduced 155. The biggest buy was Adobe (ADBE, shares +348%) and the biggest sale Nvidia (NVDA, shares −8%).

Most Recent 13F
Q2 2026
Location
GOSHEN, IN
CIK
0001056825
Portfolio Value
$1.5B (Q1 2025)
SEC Filing
0001056825-25-000005 ↗ filed Apr 22, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.5B Q1 2024 Q2 2024: $1.4B Q2 2024 Q3 2024: $1.6B Q3 2024 Q4 2024: $1.5B Q4 2024 Q1 2025: $1.5B $1.5B Q1 2025 Q2 2025: $1.6B Q2 2025 Q3 2025: $1.7B Q3 2025 Q4 2025: $1.7B Q4 2025 Q1 2026: $1.6B Q1 2026 Q2 2026: $1.9B Q2 2026

Holdings 784 stocks · $1.5B
AAPL Apple Inc. 5.39% 356,778 $79.3M Reduce -4.9%
MIIIX Praxis Impact Bond Fund-I 5.28% 8,269,917 $77.7M Reduce -2.1%
NVDA Nvidia Corp. 3.89% 527,300 $57.1M Reduce -7.9%
MSFT Microsoft Corp. 3.47% 135,978 $51.0M No change
MPLIX Praxis Intl Index-I 3.07% 3,361,135 $45.1M Reduce -6.5%
MVIIX Praxis Value Index FD-I 2.75% 2,283,791 $40.5M Reduce -1.3%
MMDEX Praxis Growth Index-I 2.63% 871,995 $38.6M Add +9.1%
AMZN Amazon.com Inc. 2.29% 177,190 $33.7M Add +0.5%
META Meta Platforms Inc. Class A 1.87% 47,820 $27.6M Reduce -12.0%
MMSIX Praxis Small Cap Index-I 1.78% 2,369,943 $26.1M Add +6.0%
AVGO Broadcom Inc. 1.33% 117,220 $19.6M Reduce -4.2%
GOOGL Alphabet Inc. Class A 1.31% 125,000 $19.3M Add +0.2%
LLY Eli Lilly & Co. 1.25% 22,280 $18.4M Reduce -0.3%
JPM JPMorgan Chase & Co. 1.20% 71,665 $17.6M No change
GOOG Alphabet Inc. Class C 1.07% 100,630 $15.7M No change
TSLA Tesla Inc. 1.05% 59,730 $15.5M Reduce -7.8%
V Visa Inc. Class A 1.00% 42,153 $14.8M No change
HD Home Depot Inc. 0.91% 36,398 $13.3M Reduce -0.1%
ABBV Abbvie Inc. 0.76% 53,171 $11.1M No change
COST Costco Wholesale Corp. 0.75% 11,663 $11.0M Reduce -2.1%
JNJ Johnson & Johnson 0.74% 65,331 $10.8M Reduce -3.7%
PG The Procter & Gamble Co. 0.74% 63,436 $10.8M Reduce -2.3%
NFLX Netflix Inc. 0.73% 11,520 $10.7M Reduce -0.2%
WMT Walmart Inc. 0.73% 121,850 $10.7M No change
MA Mastercard Inc. Class A 0.71% 19,006 $10.4M Reduce -2.7%
LIN Linde PLC 0.61% 19,344 $9.0M Reduce -10.6%
ORCL Oracle Corp. 0.60% 63,242 $8.8M Reduce -2.5%
TMO Thermo Fisher Scientific Inc. 0.57% 16,729 $8.3M Reduce -9.7%
PEP Pepsico Inc. 0.52% 50,839 $7.6M Reduce -9.4%
COP Conocophillips 0.52% 72,154 $7.6M Add +25.9%
KO The Coca-Cola Co. 0.51% 105,530 $7.6M Add +23.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.51% 177,970 $7.4M No change
PGR Progressive Corp. 0.49% 25,540 $7.2M Add +0.1%
ACN Accenture PLC Class A 0.48% 22,629 $7.1M Reduce -13.1%
CRM Salesforce Inc. 0.48% 26,240 $7.0M Add +13.9%
MRK Merck & Co. Inc. 0.46% 75,771 $6.8M Add +6.3%
CSCO Cisco Systems Inc. 0.42% 99,100 $6.1M Add +1.1%
ABT Abbott Laboratories 0.41% 45,450 $6.0M Add +3.3%
KMI Kinder Morgan Inc. 0.40% 207,480 $5.9M Add +46.2%
TT Trane Technologies PLC 0.40% 17,510 $5.9M No change
DHR Danaher Corp. 0.40% 28,454 $5.8M No change
DE Deere & Co. 0.39% 12,223 $5.7M No change
ITW Illinois Tool Works 0.38% 22,429 $5.6M Add +13.1%
QCOM Qualcomm Inc. 0.38% 36,170 $5.6M Reduce -3.1%
MCD McDonald's Corp. 0.35% 16,347 $5.1M Reduce -4.5%
BSX Boston Scientific Corp. 0.35% 50,500 $5.1M Add +1.7%
NOW ServiceNow Inc. 0.34% 6,293 $5.0M Reduce -0.3%
T AT&T Inc. 0.34% 174,986 $4.9M Reduce -15.4%
GS Goldman Sachs Group Inc. 0.32% 8,730 $4.8M No change
LOW Lowe's Cos Inc. 0.32% 20,269 $4.7M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.31% 46,299 $4.6M Reduce -4.2%
ISRG Intuitive Surgical Inc. 0.31% 9,170 $4.5M Reduce -5.8%
FGXXX First Am Govt Oblig-X 0.30% 4,482,601 $4.5M Reduce -13.3%
ADBE Adobe Inc. 0.30% 11,687 $4.5M Add +348.3%
CMCSA Comcast Corp. Class A 0.30% 121,110 $4.5M Add +28.6%
AXP American Express Co. 0.30% 16,494 $4.4M Reduce -16.3%
FISV Fiserv Inc. 0.30% 19,746 $4.4M No change
NEE Nextera Energy Inc. 0.29% 61,000 $4.3M Add +8.7%
CB Chubb Ltd. 0.29% 14,240 $4.3M Add +9.5%
AMD Advanced Micro Devices 0.29% 41,086 $4.2M Add +16.5%
UNP Union Pacific Corp. 0.29% 17,751 $4.2M Add +1.3%
AMGN Amgen Inc. 0.28% 13,270 $4.1M Reduce -6.0%
VZ Verizon Communications Inc. 0.28% 90,840 $4.1M Add +1.7%
BKNG Booking Holdings Inc. 0.28% 890 $4.1M Add +15.6%
INTU Intuit Inc. 0.27% 6,540 $4.0M Reduce -10.5%
TMUS T-Mobile US Inc. 0.27% 15,000 $4.0M Add +9.0%
GILD Gilead Sciences Inc. 0.27% 34,790 $3.9M No change
MRSH Marsh & McLennan Cos 0.26% 15,850 $3.9M Reduce -1.7%
MCK McKesson Corp. 0.26% 5,744 $3.9M No change
MDLZ Mondelez International Inc. Class A 0.26% 56,962 $3.9M Reduce -8.8%
MDT Medtronic PLC 0.26% 42,950 $3.9M No change
SPGI S&P Global Inc. 0.26% 7,494 $3.8M Add +2.0%
MS Morgan Stanley 0.26% 32,291 $3.8M No change
WMB Williams Cos Inc. 0.26% 62,940 $3.8M Add +16.4%
BKR Baker Hughes Co. 0.25% 84,830 $3.7M Add +11.2%
PSX Phillips 66 0.25% 30,050 $3.7M Add +12.9%
UBER Uber Technologies Inc. 0.25% 50,480 $3.7M Add +6.3%
RSG Republic Services Inc. 0.25% 14,950 $3.6M No change
TXN Texas Instruments Inc. 0.24% 19,930 $3.6M Add +9.1%
C Citigroup Inc. 0.24% 50,406 $3.6M No change
BMY Bristol-Myers Squibb Co. 0.24% 58,360 $3.6M No change
EOG EOG Resources Inc. 0.24% 27,700 $3.6M Reduce -10.0%
ELV Elevance Health Inc. 0.24% 8,040 $3.5M Add +7.1%
WM Waste Management Inc. 0.23% 14,680 $3.4M Add +11.8%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.23% 3,400 $3.4M No change
AMAT Applied Materials Inc. 0.23% 23,136 $3.4M Reduce -0.3%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.23% 79,486 $3.3M Add +42.1%
BLK BlackRock Inc. 0.22% 3,382 $3.2M No change
SO The Southern Co. 0.22% 34,801 $3.2M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.21% 25,503 $3.1M Reduce -10.3%
SYK Stryker Corp. 0.21% 8,210 $3.1M Reduce -14.2%
DUK Duke Energy Corp. 0.21% 24,994 $3.0M No change
ADP Automatic Data Processing 0.21% 9,950 $3.0M Add +1.0%
ICE Intercontinental Exchange Inc. 0.21% 17,620 $3.0M No change
VLO Valero Energy Corp. 0.20% 21,890 $2.9M Add +35.0%
SNPS Synopsys Inc. 0.19% 6,650 $2.9M Add +0.8%
SCHW Schwab (charles) Corp. 0.19% 36,360 $2.8M Add +3.8%
PANW Palo Alto Networks Inc. 0.19% 16,650 $2.8M Add +3.0%
ROK Rockwell Automation Inc. 0.19% 10,918 $2.8M No change
AZO AutoZone Inc. 0.19% 739 $2.8M Reduce -1.3%

Show all 784 holdings

Portfolio Sells Q4 2024 → Q1 2025
NVDA Nvidia Corp. Reduce -7.9% 3.89% −1.11
AAPL Apple Inc. Reduce -4.9% 5.39% −0.71
TSLA Tesla Inc. Reduce -7.8% 1.05% −0.65
AVGO Broadcom Inc. Reduce -4.2% 1.33% −0.51
META Meta Platforms Inc. Class A Reduce -12.0% 1.87% −0.19
ACN Accenture PLC Class A Reduce -13.1% 0.48% −0.11
MRVL Marvell Technology Inc. Reduce -62.7% 0.03% −0.11
ORCL Oracle Corp. Reduce -2.5% 0.60% −0.10
NOW ServiceNow Inc. Reduce -0.3% 0.34% −0.09
TTD Trade Desk Inc./the Class A Sold out 0.00% −0.09
AXP American Express Co. Reduce -16.3% 0.30% −0.08
EQIX Equinix Inc. Reduce -34.6% 0.10% −0.07
TMO Thermo Fisher Scientific Inc. Reduce -9.7% 0.57% −0.06
ARES Ares Management Corp. Class A Sold out 0.00% −0.05
XYZ Block Inc. Reduce -40.8% 0.03% −0.04
ROST Ross Stores Inc. Reduce -36.3% 0.05% −0.04
PWR Quanta Services Inc. Sold out 0.00% −0.04
KKR KKR & Co. Inc. Reduce -9.3% 0.12% −0.04
MDB Mongodb Inc. Sold out 0.00% −0.04
COIN Coinbase Global Inc. Class A Reduce -32.9% 0.04% −0.04
DIS The Walt Disney Co. Reduce -4.2% 0.31% −0.04
IRM Iron Mountain Inc. Reduce -15.7% 0.10% −0.04
PEP Pepsico Inc. Reduce -9.4% 0.52% −0.04
SRE Sempra Reduce -12.0% 0.11% −0.04
ALAB Astera Labs Inc. Sold out 0.00% −0.03
BMI Badger Meter Inc. Reduce -50.2% 0.03% −0.03
COO The Cooper Cos Inc. Reduce -58.1% 0.02% −0.03
MANH Manhattan Associates Inc. Sold out 0.00% −0.03
FGXXX First Am Govt Oblig-X Reduce -13.3% 0.30% −0.03
CMG Chipotle Mexican Grill Inc. Reduce -3.2% 0.15% −0.03
LULU Lululemon Athletica Inc. Reduce -11.8% 0.06% −0.03
FDS Factset Research Systems Inc. Sold out 0.00% −0.03
NVR NVR Inc. Sold out 0.00% −0.03
TRN Trinity Industries Inc. Sold out 0.00% −0.03
REGN Regeneron Pharmaceuticals Reduce -8.6% 0.15% −0.03
BFH Bread Financial Holdings Inc. Sold out 0.00% −0.03
INTU Intuit Inc. Reduce -10.5% 0.27% −0.03
EPAM Epam Systems Inc. Sold out 0.00% −0.03
BURL Burlington Stores Inc. Sold out 0.00% −0.03
GEHC GE Healthcare Technology Reduce -31.7% 0.07% −0.03
WDC Western Digital Corp. Sold out 0.00% −0.03
DLR Digital Realty Trust Inc. Reduce -10.8% 0.08% −0.02
PHM Pultegroup Inc. Sold out 0.00% −0.02
ZBRA Zebra Technologies Corp. Class A Sold out 0.00% −0.02
NARI Inari Medical Inc. Sold out 0.00% −0.02
SRPT Sarepta Therapeutics Inc. Sold out 0.00% −0.02
URI United Rentals Inc. Reduce -20.2% 0.06% −0.02
NKE Nike Inc. Class B Reduce -6.6% 0.10% −0.02
RHI Robert Half Inc. Reduce -52.0% 0.01% −0.02
ISRG Intuitive Surgical Inc. Reduce -5.8% 0.31% −0.02

Portfolio Buys Q4 2024 → Q1 2025
ADBE Adobe Inc. Add +348.3% 0.30% +0.23
KO The Coca-Cola Co. Add +23.3% 0.51% +0.17
KMI Kinder Morgan Inc. Add +46.2% 0.40% +0.15
COP Conocophillips Add +25.9% 0.52% +0.15
CRH CRH PLC New 0.11% +0.11
PGR Progressive Corp. Add +0.1% 0.49% +0.09
SLB SLB Ltd. Add +42.1% 0.23% +0.09
ABT Abbott Laboratories Add +3.3% 0.41% +0.09
FLOC Flowco Holdings Inc. Class A New 0.08% +0.08
CVS CVS Health Corp. Add +32.3% 0.16% +0.08
MMDEX Praxis Growth Index-I Add +9.1% 2.63% +0.07
TMUS T-Mobile US Inc. Add +9.0% 0.27% +0.07
CMCSA Comcast Corp. Class A Add +28.6% 0.30% +0.07
IBKR Interactive Brokers Gro Class A New 0.07% +0.07
VLO Valero Energy Corp. Add +35.0% 0.20% +0.07
MPWR Monolithic Power Systems Inc. New 0.07% +0.07
WMB Williams Cos Inc. Add +16.4% 0.26% +0.07
UBER Uber Technologies Inc. Add +6.3% 0.25% +0.06
CB Chubb Ltd. Add +9.5% 0.29% +0.06
WM Waste Management Inc. Add +11.8% 0.23% +0.06
BSX Boston Scientific Corp. Add +1.7% 0.35% +0.06
ELV Elevance Health Inc. Add +7.1% 0.24% +0.06
PSX Phillips 66 Add +12.9% 0.25% +0.06
CINF Cincinnati Financial Corp. Add +89.0% 0.11% +0.06
HOOD Robinhood Markets Inc. Class A Add +100.1% 0.10% +0.06
ITW Illinois Tool Works Add +13.1% 0.38% +0.05
ETR Entergy Corp. Add +94.7% 0.09% +0.05
HEI Heico Corp. Add +24.9% 0.16% +0.05
ATSG Air Transport Services Group New 0.05% +0.05
BKR Baker Hughes Co. Add +11.2% 0.25% +0.05
AKAM Akamai Technologies Inc. New 0.05% +0.05
DVN Devon Energy Corp. Add +41.8% 0.12% +0.05
VZ Verizon Communications Inc. Add +1.7% 0.28% +0.05
WST West Pharmaceutical Services New 0.05% +0.05
WELL Welltower Inc. Add +5.6% 0.18% +0.05
EG Everest Group Ltd. Add +58.1% 0.11% +0.04
MKL Markel Group Inc. Add +36.1% 0.12% +0.04
EXC Exelon Corp. Add +26.5% 0.11% +0.04
GDDY GoDaddy Inc. Class A New 0.04% +0.04
MMSIX Praxis Small Cap Index-I Add +6.0% 1.78% +0.04
MSTR Strategy Inc. Add +38.5% 0.13% +0.04
INTC Intel Corp. Add +16.3% 0.15% +0.04
SBUX Starbucks Corp. Add +15.0% 0.17% +0.04
CSCO Cisco Systems Inc. Add +1.1% 0.42% +0.04
AJG Arthur J Gallagher & Co. Add +0.1% 0.18% +0.04
ROP Roper Technologies Inc. Add +6.1% 0.19% +0.04
FTNT Fortinet Inc. Add +35.5% 0.12% +0.04
IPG Interpublic Group of Cos Inc. New 0.04% +0.04
DASH DoorDash Inc. Class A Add +24.8% 0.13% +0.04
AXON Axon Enterprise Inc. Add +74.2% 0.10% +0.04

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 853$1.9BNVDA, AAPL, MIIIX, MPLIX, MSFT
Q1 2026 789$1.6BNVDA, AAPL, MIIIX, MSFT, MPLIX
Q4 2025 777$1.7BNVDA, AAPL, MIIIX, MSFT, MPLIX
Q3 2025 800$1.7BNVDA, AAPL, MIIIX, MSFT, MPLIX
Q2 2025 787$1.6BNVDA, MIIIX, AAPL, MSFT, MPLIX
Q1 2025 784$1.5BAAPL, MIIIX, NVDA, MSFT, MPLIX
Q4 2024 814$1.5BAAPL, MIIIX, NVDA, MSFT, MPLIX
Q3 2024 748$1.6BAAPL, MIIIX, NVDA, MSFT, MPLIX
Q2 2024 737$1.4BMIIIX, AAPL, NVDA, MSFT, MPLIX
Q1 2024 754$1.5BMIIIX, AAPL, MSFT, NVDA, MPLIX