Ramsay, Stattman, Vela & Price, Inc.

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 4, 2026), Ramsay, Stattman, Vela & Price, Inc. reported 84 stock positions worth $562.2 million. Its top holding was Apple (AAPL) at 7.7% of the portfolio, followed by Microsoft (MSFT, 6.7%) and Nvidia (NVDA, 6.5%). Compared with Q1 2026, it opened 6 new positions, sold out of 2, added to 26 and reduced 35. The biggest buy was Vanguard S/T Corp. Bond ETF (VCSH, shares +120%) and the biggest sale Pepsico (PEP, shares −0%).

Most Recent 13F
Q2 2026
Location
COLORADO SPRINGS, CO
CIK
0001541399
Portfolio Value
$562.2M (Q2 2026)
SEC Filing
0001541399-26-000008 ↗ filed Aug 4, 2026

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $521.8M Q1 2024 Q2 2024: $528.5M Q2 2024 Q3 2024: $538.0M Q3 2024 Q4 2024: $537.7M Q4 2024 Q1 2025: $526.1M Q1 2025 Q2 2025: $535.5M Q2 2025 Q3 2025: $558.3M Q3 2025 Q4 2025: $555.2M Q4 2025 Q1 2026: $506.3M Q1 2026 Q2 2026: $562.2M $562.2M Q2 2026

Holdings 84 stocks · $562.2M
AAPL Apple Inc. 7.67% 149,094 $43.1M Reduce -1.3%
MSFT Microsoft Corp. 6.66% 100,412 $37.5M Add +0.5%
NVDA Nvidia Corp. 6.50% 182,670 $36.6M Add +3.0%
GOOG Alphabet Inc. Class C 5.18% 82,365 $29.1M Reduce -5.1%
BRK.B Berkshire Hathaway Inc. Class B 3.97% 44,645 $22.3M Add +0.1%
AMZN Amazon.com Inc. 3.62% 85,398 $20.4M Add +0.6%
V Visa Inc. Class A 3.28% 53,799 $18.5M Add +0.1%
AMAT Applied Materials Inc. 3.15% 24,520 $17.7M Reduce -0.2%
JNJ Johnson & Johnson 2.96% 65,500 $16.6M Reduce -1.1%
GOOGL Alphabet Inc. Class A 2.52% 39,612 $14.2M Reduce -0.7%
SYK Stryker Corp. 2.44% 43,539 $13.7M Reduce -0.0%
ITW Illinois Tool Works 2.17% 45,163 $12.2M Add +0.4%
HD Home Depot Inc. 2.17% 34,596 $12.2M Add +0.6%
PG The Procter & Gamble Co. 2.13% 81,679 $12.0M Add +0.1%
DHR Danaher Corp. 2.10% 62,105 $11.8M Add +3.8%
ADP Automatic Data Processing 2.10% 52,618 $11.8M Add +0.5%
COST Costco Wholesale Corp. 2.07% 12,457 $11.7M Reduce -1.1%
KO The Coca-Cola Co. 1.97% 136,116 $11.1M Reduce -0.7%
IJH iShares Core S&P Midcap ETF 1.94% 141,319 $10.9M Add +1.6%
EMR Emerson Electric Co. 1.93% 75,772 $10.8M Add +0.2%
PEP Pepsico Inc. 1.92% 79,670 $10.8M Reduce -0.5%
CSCO Cisco Systems Inc. 1.75% 83,981 $9.9M Reduce -4.1%
ABT Abbott Laboratories 1.69% 104,942 $9.5M Add +2.5%
IWM iShares Russell 2000 ETF 1.68% 31,340 $9.4M Reduce -6.5%
PANW Palo Alto Networks Inc. 1.64% 26,975 $9.2M Reduce -6.9%
LIN Linde PLC 1.56% 16,911 $8.8M Reduce -0.3%
TMO Thermo Fisher Scientific Inc. 1.45% 16,215 $8.1M Add +1.2%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 1.40% 3,949 $7.9M Reduce -1.5%
VCSH Vanguard S/T Corp. Bond ETF 1.19% 84,444 $6.7M Add +119.7%
CVX Chevron Corp. 1.17% 39,685 $6.6M Add +0.6%
SBUX Starbucks Corp. 1.12% 61,400 $6.3M Add +0.3%
NSRGY Nestle SA-Spons ADR 1.10% 60,336 $6.2M Add +0.5%
EFA iShares MSCI Eafe ETF 1.09% 58,733 $6.1M Reduce -0.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.95% 7,115 $5.3M Add +0.3%
TSLA Tesla Inc. 0.90% 12,035 $5.1M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.84% 48,969 $4.7M Reduce -4.9%
APD Air Products & Chemicals Inc. 0.83% 15,911 $4.7M Reduce -0.3%
BDX Becton Dickinson and Co. 0.74% 27,487 $4.2M Add +2.7%
CL Colgate-Palmolive Co. 0.70% 43,221 $4.0M Reduce -0.1%
FDX FedEx Corp. 0.61% 10,955 $3.4M Reduce -12.4%
XOM Exxonmobil Holdings Corp. 0.57% 23,533 $3.2M Reduce -0.8%
JPM JPMorgan Chase & Co. 0.57% 9,795 $3.2M No change
AMD Advanced Micro Devices 0.56% 5,405 $3.1M No change
IJR iShares Core S&P Small-Cap E 0.46% 17,274 $2.6M Add +4.0%
PNC PNC Financial Services Group 0.44% 10,000 $2.5M No change
NKE Nike Inc. Class B 0.44% 59,750 $2.5M Reduce -12.6%
MKC McCormick & Co.-Non VTG SHRS 0.43% 47,708 $2.4M Reduce -9.3%
ADBE Adobe Inc. 0.41% 11,255 $2.3M No change
MRK Merck & Co. Inc. 0.38% 16,523 $2.1M Add +1.8%
META Meta Platforms Inc. Class A 0.38% 3,768 $2.1M New
MCD McDonald's Corp. 0.36% 7,460 $2.0M Reduce -0.4%
VEA Vanguard Ftse Developed ETF 0.35% 27,332 $1.9M Add +3.1%
IDXX Idexx Laboratories Inc. 0.34% 3,656 $1.9M Reduce -8.8%
VWO Vanguard Ftse Emerging Marke 0.32% 30,162 $1.8M Add +2.6%
VGT Vanguard Info Tech ETF 0.29% 13,712 $1.6M Reduce -6.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.29% 19,892 $1.6M No change
RTX RTX Corp. 0.25% 7,512 $1.4M No change
EEM iShares MSCI Emerging Market 0.24% 19,491 $1.3M Reduce -0.5%
SCHW Schwab (charles) Corp. 0.23% 13,855 $1.3M Add +11.9%
FTV Fortive Corp. 0.20% 18,193 $1.1M Add +3.5%
WMT Walmart Inc. 0.17% 8,211 $930K Reduce -0.3%
CAT Caterpillar Inc. 0.16% 870 $926K Reduce -12.1%
WAT Waters Corp. 0.13% 1,973 $740K Reduce -37.6%
ZBH Zimmer Biomet Holdings Inc. 0.11% 6,988 $602K Reduce -19.4%
FISV Fiserv Inc. 0.11% 12,163 $597K No change
VTWO Vanguard Russell 2000 ETF 0.09% 4,225 $513K New
ROP Roper Technologies Inc. 0.08% 1,287 $436K Reduce -30.7%
FDXF FedEx Freight Holding Co. 0.07% 2,513 $379K Reduce -59.8%
TTWO Take-Two Interactive Softwre 0.07% 1,500 $375K No change
ITA iShares U.S. Aerospace & Def 0.06% 1,400 $339K No change
AVUS Avantis U.S. Equity ETF 0.06% 2,466 $316K No change
T AT&T Inc. 0.05% 14,610 $302K No change
TSM Taiwan Semiconductor-SP ADR 0.05% 582 $278K New
CATH Global X S&P 500 Ca Val ETF 0.05% 2,910 $258K No change
VOO Vanguard S&P 500 ETF 0.05% 375 $257K Reduce -7.2%
BHP BHP Group Ltd.-Spon ADR filed as BHP BILLITON LIMITED 0.04% 2,970 $247K No change
ROST Ross Stores Inc. 0.04% 1,100 $234K No change
IVV iShares Core S&P 500 ETF 0.04% 311 $233K Reduce -6.0%
XEL Xcel Energy Inc. 0.04% 2,870 $230K No change
RIO Rio Tinto PLC-Spon ADR 0.04% 2,405 $228K No change
LLY Eli Lilly & Co. 0.04% 190 $228K New
TGT Target Corp. 0.04% 1,685 $220K Reduce -20.7%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.04% 2,720 $215K New
PAVE Global X US Infrastructure 0.04% 3,620 $213K New

Portfolio Sells Q1 2026 → Q2 2026
PEP Pepsico Inc. Reduce -0.5% 1.92% −0.54
COST Costco Wholesale Corp. Reduce -1.1% 2.07% −0.41
SYK Stryker Corp. Reduce -0.0% 2.44% −0.39
NKE Nike Inc. Class B Reduce -12.6% 0.44% −0.28
FDX FedEx Corp. Reduce -12.4% 0.61% −0.27
JNJ Johnson & Johnson Reduce -1.1% 2.96% −0.24
XOM Exxonmobil Holdings Corp. Reduce -0.8% 0.57% −0.22
DIS The Walt Disney Co. Reduce -4.9% 0.84% −0.14
FDXF FedEx Freight Holding Co. Reduce -59.8% 0.07% −0.12
IDXX Idexx Laboratories Inc. Reduce -8.8% 0.34% −0.10
MCD McDonald's Corp. Reduce -0.4% 0.36% −0.10
LIN Linde PLC Reduce -0.3% 1.56% −0.10
MKC McCormick & Co.-Non VTG SHRS Reduce -9.3% 0.43% −0.10
KO The Coca-Cola Co. Reduce -0.7% 1.97% −0.09
APD Air Products & Chemicals Inc. Reduce -0.3% 0.83% −0.09
WAT Waters Corp. Reduce -37.6% 0.13% −0.05
ROP Roper Technologies Inc. Reduce -30.7% 0.08% −0.05
VTIP Vanguard Short-Term Tips Sold out 0.00% −0.05
ZBH Zimmer Biomet Holdings Inc. Reduce -19.4% 0.11% −0.05
EFA iShares MSCI Eafe ETF Reduce -0.4% 1.09% −0.05
HON Honeywell International Inc. Sold out 0.00% −0.04
WMT Walmart Inc. Reduce -0.3% 0.17% −0.04
CL Colgate-Palmolive Co. Reduce -0.1% 0.70% −0.02
TGT Target Corp. Reduce -20.7% 0.04% −0.01
VOO Vanguard S&P 500 ETF Reduce -7.2% 0.05% −0.00
IVV iShares Core S&P 500 ETF Reduce -6.0% 0.04% −0.00
EEM iShares MSCI Emerging Market Reduce -0.5% 0.24% +0.02
CAT Caterpillar Inc. Reduce -12.1% 0.16% +0.03
IWM iShares Russell 2000 ETF Reduce -6.5% 1.68% +0.03
VGT Vanguard Info Tech ETF Reduce -6.8% 0.29% +0.04
AAPL Apple Inc. Reduce -1.3% 7.67% +0.10
GOOGL Alphabet Inc. Class A Reduce -0.7% 2.52% +0.25
GOOG Alphabet Inc. Class C Reduce -5.1% 5.18% +0.26
ASML ASML Holding NV-NY Reg SHS Reduce -1.5% 1.40% +0.35
CSCO Cisco Systems Inc. Reduce -4.1% 1.75% +0.41
PANW Palo Alto Networks Inc. Reduce -6.9% 1.64% +0.72
AMAT Applied Materials Inc. Reduce -0.2% 3.15% +1.50

Portfolio Buys Q1 2026 → Q2 2026
VCSH Vanguard S/T Corp. Bond ETF Add +119.7% 1.19% +0.59
NVDA Nvidia Corp. Add +3.0% 6.50% +0.39
META Meta Platforms Inc. Class A New 0.38% +0.38
AMZN Amazon.com Inc. Add +0.6% 3.62% +0.13
VTWO Vanguard Russell 2000 ETF New 0.09% +0.09
IJH iShares Core S&P Midcap ETF Add +1.6% 1.94% +0.08
V Visa Inc. Class A Add +0.1% 3.28% +0.08
TSM Taiwan Semiconductor-SP ADR New 0.05% +0.05
IJR iShares Core S&P Small-Cap E Add +4.0% 0.46% +0.05
LLY Eli Lilly & Co. New 0.04% +0.04
EL Estee Lauder Companies Class A New 0.04% +0.04
PAVE Global X US Infrastructure New 0.04% +0.04
SPY SS SPDR S&P 500 ETF Trust-US Add +0.3% 0.95% +0.03
SBUX Starbucks Corp. Add +0.3% 1.12% +0.03
VEA Vanguard Ftse Developed ETF Add +3.1% 0.35% +0.01
VWO Vanguard Ftse Emerging Marke Add +2.6% 0.32% +0.01
FTV Fortive Corp. Add +3.5% 0.20% +0.01
SCHW Schwab (charles) Corp. Add +11.9% 0.23% −0.00
ADP Automatic Data Processing Add +0.5% 2.10% −0.01
MRK Merck & Co. Inc. Add +1.8% 0.38% −0.01
EMR Emerson Electric Co. Add +0.2% 1.93% −0.03
HD Home Depot Inc. Add +0.6% 2.17% −0.06
NSRGY Nestle SA-Spons ADR Add +0.5% 1.10% −0.07
BDX Becton Dickinson and Co. Add +2.7% 0.74% −0.09
TMO Thermo Fisher Scientific Inc. Add +1.2% 1.45% −0.11
DHR Danaher Corp. Add +3.8% 2.10% −0.14
ITW Illinois Tool Works Add +0.4% 2.17% −0.14
PG The Procter & Gamble Co. Add +0.1% 2.13% −0.20
BRK.B Berkshire Hathaway Inc. Class B Add +0.1% 3.97% −0.25
ABT Abbott Laboratories Add +2.5% 1.69% −0.38
CVX Chevron Corp. Add +0.6% 1.17% −0.44
MSFT Microsoft Corp. Add +0.5% 6.66% −0.64

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 84$562.2MAAPL, MSFT, NVDA, GOOG, BRK.B
Q1 2026 79$506.3MAAPL, MSFT, NVDA, GOOG, BRK.B
Q4 2025 80$555.2MMSFT, AAPL, NVDA, GOOG, BRK.B
Q3 2025 79$558.3MMSFT, AAPL, NVDA, GOOG, BRK.B
Q2 2025 80$535.5MMSFT, AAPL, NVDA, BRK.B, V
Q1 2025 79$526.1MMSFT, AAPL, BRK.B, V, FISV
Q4 2024 76$537.7MMSFT, AAPL, BRK.B, NVDA, GOOG
Q3 2024 75$538.0MMSFT, AAPL, BRK.B, NVDA, GOOG
Q2 2024 75$528.5MMSFT, AAPL, NVDA, GOOG, BRK.B
Q1 2024 76$521.8MMSFT, AAPL, BRK.B, SYK, NVDA