Ramsay, Stattman, Vela & Price, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), Ramsay, Stattman, Vela & Price, Inc. reported 79 stock positions worth $558.3 million. Its top holding was Microsoft (MSFT) at 9.8% of the portfolio, followed by Apple (AAPL, 7.8%) and Nvidia (NVDA, 5.7%). Compared with Q2 2025, it opened 1 new position, sold out of 2, added to 15 and reduced 48. The biggest buy was Alphabet Class A (GOOGL, shares +0%) and the biggest sale Stryker (SYK, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- COLORADO SPRINGS, CO
- CIK
- 0001541399
- Portfolio Value
- $558.3M (Q3 2025)
- SEC Filing
- 0001541399-25-000011 ↗ filed Nov 5, 2025
Holdings Value
Holdings 79 stocks · $558.3M
| MSFT Microsoft Corp. | 9.82% | 105,822 | $54.8M | Reduce -2.1% |
| AAPL Apple Inc. | 7.77% | 170,452 | $43.4M | Reduce -1.4% |
| NVDA Nvidia Corp. | 5.68% | 170,018 | $31.7M | Reduce -1.6% |
| GOOG Alphabet Inc. Class C | 4.42% | 101,257 | $24.7M | Reduce -1.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.37% | 48,484 | $24.4M | Reduce -0.5% |
| V Visa Inc. Class A | 3.33% | 54,510 | $18.6M | Reduce -0.3% |
| SYK Stryker Corp. | 3.17% | 47,803 | $17.7M | Reduce -1.0% |
| AMZN Amazon.com Inc. | 3.10% | 78,753 | $17.3M | Add +1.1% |
| ADP Automatic Data Processing | 2.92% | 55,567 | $16.3M | Reduce -0.5% |
| ABT Abbott Laboratories | 2.59% | 107,799 | $14.4M | Reduce -0.4% |
| HD Home Depot Inc. | 2.46% | 33,891 | $13.7M | Reduce -0.5% |
| JNJ Johnson & Johnson | 2.42% | 72,989 | $13.5M | Reduce -1.3% |
| ITW Illinois Tool Works | 2.34% | 50,122 | $13.1M | Reduce -0.5% |
| DHR Danaher Corp. | 2.29% | 64,589 | $12.8M | Reduce -0.3% |
| PEP Pepsico Inc. | 2.19% | 87,147 | $12.2M | Reduce -0.0% |
| COST Costco Wholesale Corp. | 2.19% | 13,207 | $12.2M | Reduce -1.6% |
| PG The Procter & Gamble Co. | 2.17% | 78,982 | $12.1M | Add +0.2% |
| FISV Fiserv Inc. | 1.94% | 84,033 | $10.8M | Add +0.9% |
| GOOGL Alphabet Inc. Class A | 1.79% | 41,096 | $10.0M | Add +0.1% |
| EMR Emerson Electric Co. | 1.79% | 76,122 | $10.0M | Reduce -1.2% |
| IJH iShares Core S&P Midcap ETF | 1.71% | 146,619 | $9.6M | Add +0.6% |
| KO The Coca-Cola Co. | 1.68% | 141,267 | $9.4M | Reduce -0.6% |
| IWM iShares Russell 2000 ETF | 1.60% | 36,949 | $8.9M | Reduce -0.4% |
| LIN Linde PLC | 1.47% | 17,249 | $8.2M | Reduce -0.1% |
| TMO Thermo Fisher Scientific Inc. | 1.32% | 15,171 | $7.4M | Reduce -0.9% |
| CVX Chevron Corp. | 1.19% | 42,784 | $6.6M | Reduce -0.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.07% | 52,096 | $6.0M | Reduce -6.1% |
| CSCO Cisco Systems Inc. | 1.07% | 87,151 | $6.0M | Reduce -2.0% |
| EFA iShares MSCI Eafe ETF | 1.07% | 63,742 | $6.0M | Reduce -0.9% |
| PANW Palo Alto Networks Inc. | 1.06% | 28,970 | $5.9M | No change |
| NSRGY Nestle SA-Spons ADR | 1.04% | 63,443 | $5.8M | Reduce -8.7% |
| SBUX Starbucks Corp. | 0.97% | 63,952 | $5.4M | Reduce -1.1% |
| TSLA Tesla Inc. | 0.96% | 12,035 | $5.4M | Reduce -4.6% |
| BDX Becton Dickinson and Co. | 0.94% | 27,903 | $5.2M | Reduce -3.5% |
| AMAT Applied Materials Inc. | 0.92% | 25,118 | $5.1M | No change |
| NKE Nike Inc. Class B | 0.92% | 73,367 | $5.1M | Reduce -0.9% |
| APD Air Products & Chemicals Inc. | 0.83% | 17,062 | $4.7M | Reduce -0.9% |
| ADBE Adobe Inc. | 0.77% | 12,160 | $4.3M | Add +0.6% |
| ASML ASML Holding NV-NY Reg SHS | 0.75% | 4,340 | $4.2M | Add +7.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.73% | 6,111 | $4.1M | Add +1.0% |
| FDX FedEx Corp. | 0.69% | 16,299 | $3.8M | Reduce -0.2% |
| MKC McCormick & Co.-Non VTG SHRS | 0.68% | 56,988 | $3.8M | Reduce -1.9% |
| CL Colgate-Palmolive Co. | 0.65% | 45,643 | $3.6M | Reduce -1.6% |
| JPM JPMorgan Chase & Co. | 0.56% | 9,875 | $3.1M | No change |
| VCSH Vanguard S/T Corp. Bond ETF | 0.51% | 35,432 | $2.8M | Add +2.9% |
| XOM Exxon Mobil Corp. | 0.50% | 24,598 | $2.8M | Reduce -0.2% |
| IDXX Idexx Laboratories Inc. | 0.47% | 4,095 | $2.6M | Reduce -1.9% |
| ROP Roper Technologies Inc. | 0.46% | 5,190 | $2.6M | Reduce -0.4% |
| MCD McDonald's Corp. | 0.41% | 7,515 | $2.3M | No change |
| PNC PNC Financial Services Group | 0.36% | 10,000 | $2.0M | No change |
| MRK Merck & Co. Inc. | 0.27% | 18,181 | $1.5M | Reduce -19.6% |
| IJR iShares Core S&P Small-Cap E | 0.27% | 12,598 | $1.5M | Add +7.5% |
| VEA Vanguard Ftse Developed ETF | 0.26% | 24,548 | $1.5M | Add +0.7% |
| VWO Vanguard Ftse Emerging Marke | 0.26% | 27,068 | $1.5M | Add +0.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.26% | 4,973 | $1.5M | No change |
| RTX RTX Corp. | 0.25% | 8,255 | $1.4M | Reduce -0.2% |
| VGT Vanguard Info Tech ETF | 0.25% | 1,839 | $1.4M | Reduce -11.3% |
| EEM iShares MSCI Emerging Market | 0.22% | 22,886 | $1.2M | Add +53.5% |
| SCHW Schwab (charles) Corp. | 0.21% | 12,125 | $1.2M | Add +0.1% |
| WMT Walmart Inc. | 0.17% | 9,417 | $971K | No change |
| ZBH Zimmer Biomet Holdings Inc. | 0.16% | 9,201 | $906K | Reduce -3.4% |
| FTV Fortive Corp. | 0.16% | 18,410 | $902K | Reduce -1.4% |
| AMD Advanced Micro Devices | 0.16% | 5,405 | $874K | Add +0.1% |
| BMY Bristol-Myers Squibb Co. | 0.11% | 14,025 | $633K | Reduce -11.1% |
| CAT Caterpillar Inc. | 0.09% | 1,070 | $511K | Reduce -17.7% |
| URI United Rentals Inc. | 0.09% | 525 | $501K | No change |
| DEO Diageo PLC-Sponsored ADR | 0.08% | 4,547 | $434K | Reduce -7.2% |
| T AT&T Inc. | 0.07% | 14,610 | $413K | Reduce -4.0% |
| AXP American Express Co. | 0.07% | 1,225 | $407K | No change |
| TTWO Take-Two Interactive Softwre | 0.07% | 1,500 | $388K | No change |
| ITA iShares U.S. Aerospace & Def | 0.05% | 1,400 | $293K | No change |
| IVV iShares Core S&P 500 ETF | 0.05% | 413 | $276K | Reduce -16.2% |
| AVUS Avantis U.S. Equity ETF | 0.05% | 2,466 | $268K | No change |
| RAL Ralliant Corp. | 0.05% | 6,102 | $267K | Reduce -1.8% |
| VTIP Vanguard Short-Term Tips | 0.05% | 5,165 | $262K | No change |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.04% | 2,720 | $240K | No change |
| XEL Xcel Energy Inc. | 0.04% | 2,870 | $231K | Reduce -29.5% |
| CATH Global X S&P 500 Ca Val ETF | 0.04% | 2,810 | $228K | New |
| VOO Vanguard S&P 500 ETF | 0.04% | 371 | $227K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| SYK Stryker Corp. | Reduce -1.0% | 3.17% | −0.40 |
| ADP Automatic Data Processing | Reduce -0.5% | 2.92% | −0.29 |
| V Visa Inc. Class A | Reduce -0.3% | 3.33% | −0.29 |
| COST Costco Wholesale Corp. | Reduce -1.6% | 2.19% | −0.29 |
| NSRGY Nestle SA-Spons ADR | Reduce -8.7% | 1.04% | −0.25 |
| MSFT Microsoft Corp. | Reduce -2.1% | 9.82% | −0.22 |
| DIS The Walt Disney Co. | Reduce -6.1% | 1.07% | −0.22 |
| KO The Coca-Cola Co. | Reduce -0.6% | 1.68% | −0.20 |
| ABT Abbott Laboratories | Reduce -0.4% | 2.59% | −0.16 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -1.9% | 0.68% | −0.14 |
| SBUX Starbucks Corp. | Reduce -1.1% | 0.97% | −0.14 |
| CL Colgate-Palmolive Co. | Reduce -1.6% | 0.65% | −0.13 |
| EMR Emerson Electric Co. | Reduce -1.2% | 1.79% | −0.13 |
| DHR Danaher Corp. | Reduce -0.3% | 2.29% | −0.10 |
| ROP Roper Technologies Inc. | Reduce -0.4% | 0.46% | −0.09 |
| CSCO Cisco Systems Inc. | Reduce -2.0% | 1.07% | −0.08 |
| APD Air Products & Chemicals Inc. | Reduce -0.9% | 0.83% | −0.07 |
| NKE Nike Inc. Class B | Reduce -0.9% | 0.92% | −0.07 |
| MRK Merck & Co. Inc. | Reduce -19.6% | 0.27% | −0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.5% | 4.37% | −0.05 |
| LIN Linde PLC | Reduce -0.1% | 1.47% | −0.05 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.04 |
| TGT Target Corp. | Sold out | 0.00% | −0.04 |
| BMY Bristol-Myers Squibb Co. | Reduce -11.1% | 0.11% | −0.02 |
| FTV Fortive Corp. | Reduce -1.4% | 0.16% | −0.02 |
| DEO Diageo PLC-Sponsored ADR | Reduce -7.2% | 0.08% | −0.01 |
| VGT Vanguard Info Tech ETF | Reduce -11.3% | 0.25% | −0.01 |
| XEL Xcel Energy Inc. | Reduce -29.5% | 0.04% | −0.01 |
| RAL Ralliant Corp. | Reduce -1.8% | 0.05% | −0.01 |
| T AT&T Inc. | Reduce -4.0% | 0.07% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -16.2% | 0.05% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -0.9% | 1.07% | −0.01 |
| FDX FedEx Corp. | Reduce -0.2% | 0.69% | −0.00 |
| CAT Caterpillar Inc. | Reduce -17.7% | 0.09% | −0.00 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -3.4% | 0.16% | +0.00 |
| XOM Exxon Mobil Corp. | Reduce -0.2% | 0.50% | +0.00 |
| BDX Becton Dickinson and Co. | Reduce -3.5% | 0.94% | +0.01 |
| ITW Illinois Tool Works | Reduce -0.5% | 2.34% | +0.02 |
| RTX RTX Corp. | Reduce -0.2% | 0.25% | +0.02 |
| CVX Chevron Corp. | Reduce -0.4% | 1.19% | +0.04 |
| PEP Pepsico Inc. | Reduce -0.0% | 2.19% | +0.04 |
| IDXX Idexx Laboratories Inc. | Reduce -1.9% | 0.47% | +0.05 |
| IWM iShares Russell 2000 ETF | Reduce -0.4% | 1.60% | +0.11 |
| HD Home Depot Inc. | Reduce -0.5% | 2.46% | +0.13 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.9% | 1.32% | +0.16 |
| TSLA Tesla Inc. | Reduce -4.6% | 0.96% | +0.21 |
| JNJ Johnson & Johnson | Reduce -1.3% | 2.42% | +0.32 |
| NVDA Nvidia Corp. | Reduce -1.6% | 5.68% | +0.59 |
| GOOG Alphabet Inc. Class C | Reduce -1.9% | 4.42% | +1.00 |
| AAPL Apple Inc. | Reduce -1.4% | 7.77% | +1.15 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOGL Alphabet Inc. Class A | Add +0.1% | 1.79% | +0.44 |
| ASML ASML Holding NV-NY Reg SHS | Add +7.7% | 0.75% | +0.15 |
| EEM iShares MSCI Emerging Market | Add +53.5% | 0.22% | +0.08 |
| CATH Global X S&P 500 Ca Val ETF | New | 0.04% | +0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.0% | 0.73% | +0.03 |
| IJR iShares Core S&P Small-Cap E | Add +7.5% | 0.27% | +0.03 |
| IJH iShares Core S&P Midcap ETF | Add +0.6% | 1.71% | +0.03 |
| VWO Vanguard Ftse Emerging Marke | Add +0.9% | 0.26% | +0.01 |
| AMD Advanced Micro Devices | Add +0.1% | 0.16% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +0.7% | 0.26% | +0.00 |
| SCHW Schwab (charles) Corp. | Add +0.1% | 0.21% | +0.00 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +2.9% | 0.51% | −0.00 |
| AMZN Amazon.com Inc. | Add +1.1% | 3.10% | −0.09 |
| ADBE Adobe Inc. | Add +0.6% | 0.77% | −0.11 |
| PG The Procter & Gamble Co. | Add +0.2% | 2.17% | −0.17 |
| FISV Fiserv Inc. | Add +0.9% | 1.94% | −0.74 |
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 |