Ramsay, Stattman, Vela & Price, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), Ramsay, Stattman, Vela & Price, Inc. reported 79 stock positions worth $526.1 million. Its top holding was Microsoft (MSFT) at 8.0% of the portfolio, followed by Apple (AAPL, 7.6%) and Berkshire Hathaway Class B (BRK.B, 5.1%). Compared with Q4 2024, it opened 4 new positions, sold out of 1, added to 34 and reduced 26. The biggest buy was a new position in Roper Technologies (ROP) and the biggest sale Nvidia (NVDA, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- COLORADO SPRINGS, CO
- CIK
- 0001541399
- Portfolio Value
- $526.1M (Q1 2025)
- SEC Filing
- 0001541399-25-000004 ↗ filed Apr 30, 2025
Holdings Value
Holdings 79 stocks · $526.1M
| MSFT Microsoft Corp. | 8.01% | 112,300 | $42.2M | Add +0.4% |
| AAPL Apple Inc. | 7.58% | 179,517 | $39.9M | Reduce -1.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.11% | 50,474 | $26.9M | Reduce -0.4% |
| V Visa Inc. Class A | 3.71% | 55,648 | $19.5M | Add +0.0% |
| FISV Fiserv Inc. | 3.53% | 84,134 | $18.6M | Add +0.6% |
| SYK Stryker Corp. | 3.52% | 49,807 | $18.5M | Reduce -0.5% |
| GOOG Alphabet Inc. Class C | 3.36% | 113,229 | $17.7M | Reduce -0.6% |
| ADP Automatic Data Processing | 3.34% | 57,487 | $17.6M | Reduce -0.2% |
| NVDA Nvidia Corp. | 3.22% | 156,321 | $16.9M | Reduce -8.3% |
| ABT Abbott Laboratories | 2.82% | 112,016 | $14.9M | Add +0.8% |
| DHR Danaher Corp. | 2.69% | 68,912 | $14.1M | Add +1.2% |
| AMZN Amazon.com Inc. | 2.67% | 73,918 | $14.1M | Add +6.4% |
| PG The Procter & Gamble Co. | 2.56% | 79,008 | $13.5M | Add +7.9% |
| COST Costco Wholesale Corp. | 2.49% | 13,874 | $13.1M | Reduce -1.1% |
| ITW Illinois Tool Works | 2.42% | 51,368 | $12.7M | Add +1.6% |
| HD Home Depot Inc. | 2.41% | 34,558 | $12.7M | Add +0.1% |
| JNJ Johnson & Johnson | 2.38% | 75,515 | $12.5M | Add +0.6% |
| PEP Pepsico Inc. | 2.37% | 83,259 | $12.5M | Add +9.5% |
| KO The Coca-Cola Co. | 2.04% | 150,065 | $10.7M | Add +0.3% |
| BDX Becton Dickinson and Co. | 1.69% | 38,780 | $8.9M | Add +3.0% |
| IJH iShares Core S&P Midcap ETF | 1.68% | 151,793 | $8.9M | Add +0.9% |
| EMR Emerson Electric Co. | 1.64% | 78,530 | $8.6M | Add +5.9% |
| LIN Linde PLC | 1.59% | 18,000 | $8.4M | Add +0.0% |
| TMO Thermo Fisher Scientific Inc. | 1.53% | 16,211 | $8.1M | Add +6.0% |
| IWM iShares Russell 2000 ETF | 1.48% | 38,948 | $7.8M | Reduce -0.4% |
| NSRGY Nestle SA-Spons ADR | 1.37% | 71,287 | $7.2M | Add +0.2% |
| CVX Chevron Corp. | 1.32% | 41,430 | $6.9M | Add +16.3% |
| SBUX Starbucks Corp. | 1.25% | 67,241 | $6.6M | Reduce -6.3% |
| GOOGL Alphabet Inc. Class A | 1.19% | 40,601 | $6.3M | Add +4.6% |
| EFA iShares MSCI Eafe ETF | 1.09% | 69,911 | $5.7M | Reduce -0.5% |
| CSCO Cisco Systems Inc. | 1.07% | 90,885 | $5.6M | Reduce -3.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.03% | 54,916 | $5.4M | Add +4.5% |
| MKC McCormick & Co.-Non VTG SHRS | 0.96% | 61,401 | $5.1M | Reduce -0.2% |
| PANW Palo Alto Networks Inc. | 0.94% | 29,070 | $5.0M | No change |
| APD Air Products & Chemicals Inc. | 0.94% | 16,818 | $5.0M | Add +6.5% |
| NKE Nike Inc. Class B | 0.93% | 77,235 | $4.9M | Add +0.0% |
| ADBE Adobe Inc. | 0.87% | 11,975 | $4.6M | Add +3.6% |
| CL Colgate-Palmolive Co. | 0.87% | 48,643 | $4.6M | Reduce -0.2% |
| FDX FedEx Corp. | 0.75% | 16,208 | $4.0M | Add +0.0% |
| AMAT Applied Materials Inc. | 0.69% | 25,178 | $3.7M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.65% | 6,107 | $3.4M | Reduce -2.3% |
| TSLA Tesla Inc. | 0.64% | 13,020 | $3.4M | Reduce -7.1% |
| XOM Exxon Mobil Corp. | 0.58% | 25,754 | $3.1M | Add +0.1% |
| ROP Roper Technologies Inc. | 0.54% | 4,833 | $2.8M | New |
| VCSH Vanguard S/T Corp. Bond ETF | 0.48% | 32,024 | $2.5M | Reduce -3.6% |
| JPM JPMorgan Chase & Co. | 0.46% | 9,875 | $2.4M | Add +0.7% |
| MCD McDonald's Corp. | 0.45% | 7,527 | $2.4M | Reduce -0.3% |
| MRK Merck & Co. Inc. | 0.40% | 23,439 | $2.1M | Reduce -22.0% |
| PNC PNC Financial Services Group | 0.33% | 10,000 | $1.8M | No change |
| IDXX Idexx Laboratories Inc. | 0.33% | 4,175 | $1.8M | No change |
| VGT Vanguard Info Tech ETF | 0.26% | 2,554 | $1.4M | No change |
| FTV Fortive Corp. | 0.26% | 18,722 | $1.4M | Add +0.2% |
| VWO Vanguard Ftse Emerging Marke | 0.26% | 30,093 | $1.4M | Add +1.3% |
| RTX RTX Corp. | 0.25% | 10,042 | $1.3M | Reduce -2.8% |
| VEA Vanguard Ftse Developed ETF | 0.25% | 25,421 | $1.3M | Reduce -1.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.24% | 4,973 | $1.3M | Add +0.4% |
| DEO Diageo PLC-Sponsored ADR | 0.24% | 12,079 | $1.3M | Reduce -70.4% |
| EEM iShares MSCI Emerging Market | 0.24% | 28,636 | $1.3M | Reduce -1.8% |
| IJR iShares Core S&P Small-Cap E | 0.22% | 11,149 | $1.2M | Add +9.8% |
| ZBH Zimmer Biomet Holdings Inc. | 0.22% | 10,231 | $1.2M | Reduce -7.3% |
| BMY Bristol-Myers Squibb Co. | 0.20% | 17,275 | $1.1M | No change |
| SCHW Schwab (charles) Corp. | 0.17% | 11,692 | $915K | Add +5.1% |
| WMT Walmart Inc. | 0.16% | 9,502 | $834K | Reduce -0.3% |
| ASML ASML Holding NV-NY Reg SHS | 0.11% | 908 | $602K | New |
| AMD Advanced Micro Devices | 0.11% | 5,454 | $560K | No change |
| T AT&T Inc. | 0.10% | 18,205 | $515K | Reduce -13.8% |
| CAT Caterpillar Inc. | 0.08% | 1,309 | $432K | Reduce -10.9% |
| VZ Verizon Communications Inc. | 0.06% | 7,512 | $341K | No change |
| AXP American Express Co. | 0.06% | 1,231 | $331K | New |
| URI United Rentals Inc. | 0.06% | 525 | $329K | New |
| TTWO Take-Two Interactive Softwre | 0.06% | 1,500 | $311K | No change |
| XEL Xcel Energy Inc. | 0.05% | 4,070 | $288K | No change |
| IVV iShares Core S&P 500 ETF | 0.05% | 503 | $283K | No change |
| VTIP Vanguard Short-Term Tips | 0.05% | 5,165 | $258K | Add +24.8% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.04% | 3,545 | $234K | No change |
| AVUS Avantis U.S. Equity ETF | 0.04% | 2,466 | $228K | No change |
| TGT Target Corp. | 0.04% | 2,125 | $222K | No change |
| VOO Vanguard S&P 500 ETF | 0.04% | 421 | $216K | Add +0.2% |
| ITA iShares U.S. Aerospace & Def | 0.04% | 1,400 | $214K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -8.3% | 3.22% | −1.04 |
| AAPL Apple Inc. | Reduce -1.3% | 7.58% | −0.89 |
| DEO Diageo PLC-Sponsored ADR | Reduce -70.4% | 0.24% | −0.72 |
| GOOG Alphabet Inc. Class C | Reduce -0.6% | 3.36% | −0.67 |
| TSLA Tesla Inc. | Reduce -7.1% | 0.64% | −0.41 |
| MRK Merck & Co. Inc. | Reduce -22.0% | 0.40% | −0.16 |
| IWM iShares Russell 2000 ETF | Reduce -0.4% | 1.48% | −0.13 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.3% | 0.65% | −0.03 |
| CAT Caterpillar Inc. | Reduce -10.9% | 0.08% | −0.02 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -3.6% | 0.48% | −0.00 |
| WMT Walmart Inc. | Reduce -0.3% | 0.16% | −0.00 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -7.3% | 0.22% | +0.00 |
| T AT&T Inc. | Reduce -13.8% | 0.10% | +0.01 |
| EEM iShares MSCI Emerging Market | Reduce -1.8% | 0.24% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Reduce -1.7% | 0.25% | +0.02 |
| RTX RTX Corp. | Reduce -2.8% | 0.25% | +0.03 |
| CSCO Cisco Systems Inc. | Reduce -3.2% | 1.07% | +0.03 |
| SBUX Starbucks Corp. | Reduce -6.3% | 1.25% | +0.04 |
| MCD McDonald's Corp. | Reduce -0.3% | 0.45% | +0.04 |
| CL Colgate-Palmolive Co. | Reduce -0.2% | 0.87% | +0.04 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -0.2% | 0.96% | +0.09 |
| EFA iShares MSCI Eafe ETF | Reduce -0.5% | 1.09% | +0.10 |
| COST Costco Wholesale Corp. | Reduce -1.1% | 2.49% | +0.10 |
| SYK Stryker Corp. | Reduce -0.5% | 3.52% | +0.17 |
| ADP Automatic Data Processing | Reduce -0.2% | 3.34% | +0.20 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.4% | 5.11% | +0.84 |
Portfolio Buys Q4 2024 → Q1 2025
| ROP Roper Technologies Inc. | New | 0.54% | +0.54 |
| ABT Abbott Laboratories | Add +0.8% | 2.82% | +0.49 |
| V Visa Inc. Class A | Add +0.0% | 3.71% | +0.44 |
| JNJ Johnson & Johnson | Add +0.6% | 2.38% | +0.36 |
| CVX Chevron Corp. | Add +16.3% | 1.32% | +0.36 |
| FISV Fiserv Inc. | Add +0.6% | 3.53% | +0.34 |
| KO The Coca-Cola Co. | Add +0.3% | 2.04% | +0.31 |
| NSRGY Nestle SA-Spons ADR | Add +0.2% | 1.37% | +0.29 |
| PG The Procter & Gamble Co. | Add +7.9% | 2.56% | +0.28 |
| PEP Pepsico Inc. | Add +9.5% | 2.37% | +0.22 |
| LIN Linde PLC | Add +0.0% | 1.59% | +0.19 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.11% | +0.11 |
| BDX Becton Dickinson and Co. | Add +3.0% | 1.69% | +0.10 |
| APD Air Products & Chemicals Inc. | Add +6.5% | 0.94% | +0.09 |
| XOM Exxon Mobil Corp. | Add +0.1% | 0.58% | +0.07 |
| AXP American Express Co. | New | 0.06% | +0.06 |
| URI United Rentals Inc. | New | 0.06% | +0.06 |
| TMO Thermo Fisher Scientific Inc. | Add +6.0% | 1.53% | +0.05 |
| ITW Illinois Tool Works | Add +1.6% | 2.42% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +0.7% | 0.46% | +0.02 |
| SCHW Schwab (charles) Corp. | Add +5.1% | 0.17% | +0.02 |
| VWO Vanguard Ftse Emerging Marke | Add +1.3% | 0.26% | +0.02 |
| VTIP Vanguard Short-Term Tips | Add +24.8% | 0.05% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +9.8% | 0.22% | +0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.4% | 0.24% | +0.00 |
| FTV Fortive Corp. | Add +0.2% | 0.26% | −0.00 |
| VOO Vanguard S&P 500 ETF | Add +0.2% | 0.04% | −0.00 |
| DIS The Walt Disney Co. | Add +4.5% | 1.03% | −0.06 |
| IJH iShares Core S&P Midcap ETF | Add +0.9% | 1.68% | −0.06 |
| EMR Emerson Electric Co. | Add +5.9% | 1.64% | −0.07 |
| ADBE Adobe Inc. | Add +3.6% | 0.87% | −0.08 |
| HD Home Depot Inc. | Add +0.1% | 2.41% | −0.09 |
| FDX FedEx Corp. | Add +0.0% | 0.75% | −0.10 |
| NKE Nike Inc. Class B | Add +0.0% | 0.93% | −0.15 |
| AMZN Amazon.com Inc. | Add +6.4% | 2.67% | −0.16 |
| GOOGL Alphabet Inc. Class A | Add +4.6% | 1.19% | −0.17 |
| DHR Danaher Corp. | Add +1.2% | 2.69% | −0.22 |
| MSFT Microsoft Corp. | Add +0.4% | 8.01% | −0.76 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 84 | $562.2M | AAPL, MSFT, NVDA, GOOG, BRK.B |
| Q1 2026 | 79 | $506.3M | AAPL, MSFT, NVDA, GOOG, BRK.B |
| Q4 2025 | 80 | $555.2M | MSFT, AAPL, NVDA, GOOG, BRK.B |
| Q3 2025 | 79 | $558.3M | MSFT, AAPL, NVDA, GOOG, BRK.B |
| Q2 2025 | 80 | $535.5M | MSFT, AAPL, NVDA, BRK.B, V |
| Q1 2025 | 79 | $526.1M | MSFT, AAPL, BRK.B, V, FISV |
| Q4 2024 | 76 | $537.7M | MSFT, AAPL, BRK.B, NVDA, GOOG |
| Q3 2024 | 75 | $538.0M | MSFT, AAPL, BRK.B, NVDA, GOOG |
| Q2 2024 | 75 | $528.5M | MSFT, AAPL, NVDA, GOOG, BRK.B |
| Q1 2024 | 76 | $521.8M | MSFT, AAPL, BRK.B, SYK, NVDA |