Schaper Benz & Wise Investment Counsel Inc.

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q1 2024

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 7, 2024), Schaper Benz & Wise Investment Counsel Inc. reported 146 stock positions worth $1.2 billion. Its top holding was Apple (AAPL) at 3.9% of the portfolio, followed by Alphabet Class C (GOOG, 3.3%) and Adobe (ADBE, 3.2%). Compared with Q1 2024, it opened 7 new positions, sold out of 5, added to 48 and reduced 68. The biggest buy was Intuit (INTU, shares +11%) and the biggest sale Amcor (AMCR, shares −54%).

Most Recent 13F: Q2 2026
Location: NEENAH, WI
CIK: 0001033974
Portfolio Value: $1.2B (Q2 2024)
SEC Filing: 0001033974-24-000003 ↗ filed Aug 7, 2024

Holdings Value

Holdings 146 stocks · $1.2B


AAPL Apple Inc.	3.93%	215,582	$45.4M	Reduce -2.5%
GOOG Alphabet Inc. Class C	3.30%	207,932	$38.1M	Reduce -4.4%
ADBE Adobe Inc.	3.20%	66,577	$37.0M	Reduce -2.6%
SYK Stryker Corp.	3.17%	107,553	$36.6M	Reduce -0.2%
WAT Waters Corp.	2.64%	105,194	$30.5M	Reduce -2.8%
AXP American Express Co.	2.61%	130,054	$30.1M	Reduce -2.5%
BRK.B Berkshire Hathaway Inc. Class B	2.29%	65,107	$26.5M	Reduce -1.4%
LIN Linde PLC	2.26%	59,418	$26.1M	Reduce -0.8%
CSCO Cisco Systems Inc.	2.22%	539,132	$25.6M	Reduce -0.8%
GOOGL Alphabet Inc. Class A	2.16%	136,865	$24.9M	Reduce -2.4%
ORCL Oracle Corp.	2.05%	167,848	$23.7M	Reduce -5.6%
UNP Union Pacific Corp.	2.04%	103,950	$23.5M	Reduce -0.1%
PAYX Paychex Inc.	1.99%	194,168	$23.0M	Add +1.6%
AMD Advanced Micro Devices	1.93%	137,165	$22.2M	Reduce -0.2%
AFL Aflac Inc.	1.91%	247,188	$22.1M	Reduce -15.9%
HD Home Depot Inc.	1.87%	62,870	$21.6M	Reduce -0.5%
WFC Wells Fargo & Co.	1.84%	357,863	$21.3M	Reduce -1.2%
INTU Intuit Inc.	1.74%	30,629	$20.1M	Add +10.7%
ADP Automatic Data Processing	1.73%	83,569	$19.9M	Reduce -1.9%
MSFT Microsoft Corp.	1.70%	43,857	$19.6M	Add +1.1%
IDXX Idexx Laboratories Inc.	1.67%	39,504	$19.2M	Reduce -1.7%
REGN Regeneron Pharmaceuticals	1.63%	17,925	$18.8M	Reduce -0.5%
SYY Sysco Corp.	1.60%	258,974	$18.5M	Reduce -2.0%
ADI Analog Devices Inc.	1.59%	80,361	$18.3M	Reduce -0.8%
V Visa Inc. Class A	1.58%	69,289	$18.2M	Add +1.4%
CMCSA Comcast Corp. Class A	1.53%	450,255	$17.6M	Add +1.3%
ABT Abbott Laboratories	1.49%	166,097	$17.3M	Reduce -0.2%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC	1.46%	146,454	$16.9M	Reduce -0.9%
AME Ametek Inc.	1.46%	100,873	$16.8M	Reduce -2.3%
CVX Chevron Corp.	1.41%	104,040	$16.3M	Reduce -0.3%
KMB Kimberly-Clark Corp.	1.39%	116,535	$16.1M	Reduce -3.1%
ISRG Intuitive Surgical Inc.	1.35%	34,920	$15.5M	Add +2.9%
JNJ Johnson & Johnson	1.21%	95,715	$14.0M	Reduce -0.5%
SBUX Starbucks Corp.	1.12%	165,409	$12.9M	Add +22.6%
INTC Intel Corp.	1.10%	409,150	$12.7M	Add +2.1%
UBER Uber Technologies Inc.	1.09%	173,631	$12.6M	Add +4.2%
SSNC Ss&c Technologies Holdings	1.06%	195,059	$12.2M	Reduce -2.9%
MRK Merck & Co. Inc.	1.05%	97,897	$12.1M	Reduce -4.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO	1.02%	118,690	$11.8M	Reduce -1.7%
USB US Bancorp	1.01%	293,916	$11.7M	Reduce -1.0%
ECL Ecolab Inc.	1.00%	48,573	$11.6M	Add +1.7%
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.96%	234,301	$11.1M	Reduce -0.5%
NVDA Nvidia Corp.	0.93%	86,540	$10.7M	Reduce -6.1%
AMZN Amazon.com Inc.	0.89%	52,956	$10.2M	Add +1.7%
TFC Truist Financial Corp.	0.88%	262,490	$10.2M	Add +1.1%
MDT Medtronic PLC	0.86%	125,596	$9.9M	Reduce -2.9%
ANSS Ansys Inc.	0.82%	29,568	$9.5M	Add +1.8%
ALGN Align Technology Inc.	0.80%	38,409	$9.3M	Add +4.5%
PYPL PayPal Holdings Inc.	0.79%	156,277	$9.1M	Add +0.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.74%	49,247	$8.5M	Reduce -1.5%
ENB Enbridge Inc.	0.73%	236,089	$8.4M	Add +3.6%
BEN Franklin Templeton Inc.	0.71%	364,935	$8.2M	Add +0.7%
GPN Global Payments Inc.	0.70%	83,905	$8.1M	Add +1.7%
NKE Nike Inc. Class B	0.66%	100,689	$7.6M	Add +1.5%
EVRG Evergy Inc.	0.65%	140,858	$7.5M	Reduce -0.2%
CP Canadian Pacific Kansas City	0.61%	89,036	$7.0M	Add +42.9%
OVV Ovintiv Inc.	0.60%	146,958	$6.9M	Reduce -4.4%
META Meta Platforms Inc. Class A	0.55%	12,693	$6.4M	Reduce -0.9%
SLM SLM Corp.	0.54%	302,204	$6.3M	Reduce -2.5%
IPGP Ipg Photonics Corp.	0.51%	69,743	$5.9M	Reduce -0.2%
PFE Pfizer Inc.	0.49%	203,368	$5.7M	Add +0.7%
GE General Electric filed as GE AEROSPACE	0.48%	34,772	$5.5M	Reduce -5.1%
AMCR Amcor PLC	0.48%	562,522	$5.5M	Reduce -54.0%
DEO Diageo PLC-Sponsored ADR	0.48%	43,531	$5.5M	Add +16.6%
SPOT Spotify Technology SA	0.47%	17,313	$5.4M	Add +5.5%
AXON Axon Enterprise Inc.	0.44%	17,331	$5.1M	Add +7.7%
DUK Duke Energy Corp.	0.44%	50,427	$5.1M	Reduce -4.7%
MRSH Marsh & McLennan Cos	0.43%	23,498	$5.0M	Add +5.1%
SO The Southern Co.	0.42%	62,199	$4.8M	Reduce -10.5%
ROK Rockwell Automation Inc.	0.41%	17,154	$4.7M	Add +8.9%
PAYC Paycom Software Inc.	0.38%	31,021	$4.4M	Add +6.1%
SPY SS SPDR S&P 500 ETF Trust-US	0.36%	7,679	$4.2M	Reduce -0.8%
KIM Kimco Realty Corp.	0.36%	213,699	$4.2M	Reduce -24.6%
KO The Coca-Cola Co.	0.32%	58,755	$3.7M	Add +1.5%
PG The Procter & Gamble Co.	0.32%	22,461	$3.7M	Add +0.8%
BRK.A Berkshire Hathaway Inc. Class A	0.32%	6	$3.7M	No change
SRCL Stericycle Inc.	0.30%	59,152	$3.4M	Reduce -2.4%
XOM Exxon Mobil Corp.	0.26%	26,416	$3.0M	No change
WBA Walgreens Boots Alliance Inc.	0.25%	236,240	$2.9M	Reduce -8.5%
COST Costco Wholesale Corp.	0.22%	3,019	$2.6M	Add +26.2%
VRSN Verisign Inc.	0.22%	14,334	$2.5M	Add +62.8%
ETSY Etsy Inc.	0.22%	42,634	$2.5M	Add +13.6%
IWD iShares Russell 1000 Value E	0.21%	13,976	$2.4M	No change
ASB Associated Banc-Corp.	0.21%	114,205	$2.4M	Reduce -1.5%
BKNG Booking Holdings Inc.	0.21%	607	$2.4M	Reduce -3.2%
PEP Pepsico Inc.	0.17%	11,705	$1.9M	Reduce -17.1%
MTCH Match Group Inc.	0.15%	58,042	$1.8M	Add +13.8%
FICO Fair Isaac Corp.	0.14%	1,077	$1.6M	Add +3.3%
VFC VF Corp.	0.14%	118,470	$1.6M	Reduce -6.1%
CWB SS SPDR BB Conv Sec ETF	0.13%	20,193	$1.5M	Reduce -6.9%
HQY Healthequity Inc.	0.12%	15,716	$1.4M	No change
VTI VG Morningstar TS MKT ETF-US	0.11%	4,858	$1.3M	Add +8.2%
O Realty Income Corp.	0.10%	20,793	$1.1M	Add +4.1%
GLD SPDR Gold Shares	0.09%	4,930	$1.1M	Reduce -4.8%
ABBV Abbvie Inc.	0.08%	5,615	$963K	Reduce -2.0%
PLXS Plexus Corp.	0.07%	8,208	$847K	No change
FAST Fastenal Co.	0.07%	13,468	$846K	Add +0.8%
ANET Arista Networks Inc.	0.07%	2,400	$841K	No change
GEV GE Vernova Inc.	0.07%	4,684	$803K	Reduce -48.9%
MOAT Vaneck Morningstar Wide Moat	0.07%	8,825	$764K	Add +7.1%
TCAF T Rowe PRC Cap Appreciation	0.06%	21,363	$671K	Add +68.2%
MCD McDonald's Corp.	0.05%	2,237	$570K	Reduce -66.8%
UHS Universal Health Services-B	0.05%	3,080	$570K	No change
NIC Nicolet Bankshares Inc.	0.05%	6,379	$530K	No change
MA Mastercard Inc. Class A	0.04%	1,179	$520K	Add +3.8%
IJJ iShares S&P Mid-Cap 400 Valu	0.04%	4,502	$511K	No change
WTFC Wintrust Financial Corp.	0.04%	5,157	$508K	No change
JPM JPMorgan Chase & Co.	0.04%	2,480	$502K	Add +11.3%
WMT Walmart Inc.	0.04%	7,023	$476K	No change
LOW Lowe's Cos Inc.	0.04%	2,133	$470K	Reduce -0.1%
UNH Unitedhealth Group Inc.	0.04%	919	$468K	Add +4.2%
LAMR Lamar Advertising Co. Class A	0.04%	3,810	$455K	New
SEE Sealed Air Corp.	0.04%	12,756	$444K	Add +6.3%
TSCO Tractor Supply Company	0.04%	1,605	$433K	No change
COP Conocophillips	0.04%	3,606	$412K	No change
PANW Palo Alto Networks Inc.	0.04%	1,200	$407K	No change
IJR iShares Core S&P Small-Cap E	0.03%	3,761	$401K	Reduce -0.7%
IEFA iShares Core MSCI Eafe ETF	0.03%	5,466	$397K	No change
QQQ Invesco QQQ Trust Series 1	0.03%	808	$387K	No change
LLY Eli Lilly & Co.	0.03%	407	$368K	Reduce -2.4%
ESGV Vanguard ESG US Stock ETF	0.03%	3,756	$363K	New
VOO Vanguard S&P 500 ETF	0.03%	707	$353K	New
CL Colgate-Palmolive Co.	0.03%	3,600	$349K	No change
AMGN Amgen Inc.	0.03%	1,079	$337K	Reduce -9.8%
WEC WEC Energy Group Inc.	0.03%	3,830	$301K	Reduce -41.4%
MELI MercadoLibre Inc.	0.03%	182	$299K	Add +7.7%
CAT Caterpillar Inc.	0.02%	852	$284K	Add +14.5%
MMM 3M Co.	0.02%	2,730	$279K	Add +10.5%
SLV iShares Silver Trust	0.02%	10,469	$278K	Reduce -1.5%
TSLA Tesla Inc.	0.02%	1,362	$270K	Add +6.0%
VZ Verizon Communications Inc.	0.02%	6,386	$263K	Add +13.0%
PLTR Palantir Technologies Inc. Class A	0.02%	10,225	$259K	Reduce -0.2%
GEHC GE Healthcare Technology	0.02%	3,249	$253K	Reduce -22.0%
HUBB Hubbell Inc.	0.02%	692	$253K	No change
AMP Ameriprise Financial Inc.	0.02%	586	$250K	No change
RTX RTX Corp.	0.02%	2,395	$240K	No change
PM Philip Morris International	0.02%	2,170	$220K	Reduce -58.5%
MO Altria Group Inc.	0.02%	4,760	$217K	Reduce -21.0%
ASML ASML Holding NV-NY Reg SHS	0.02%	212	$217K	Reduce -10.6%
SIVR Abrdn Physical Silver Shares	0.02%	7,750	$216K	New
SHEL Shell PLC-ADR	0.02%	2,965	$214K	New
TMO Thermo Fisher Scientific Inc.	0.02%	376	$208K	No change
CEF Sprott Physical Gold and Sil	0.02%	9,325	$206K	New
INDA iShares MSCI India ETF	0.02%	3,650	$204K	New
TRV The Travelers Cos Inc.	0.02%	1,000	$203K	No change
BGS B&G Foods Inc.	0.01%	15,810	$128K	No change

Portfolio Sells Q1 2024 → Q2 2024


AMCR Amcor PLC	Reduce -54.0%	0.48%	−0.49
WAT Waters Corp.	Reduce -2.8%	2.64%	−0.47
WBA Walgreens Boots Alliance Inc.	Reduce -8.5%	0.25%	−0.22
DIS The Walt Disney Co.	Reduce -1.7%	1.02%	−0.21
AFL Aflac Inc.	Reduce -15.9%	1.91%	−0.19
SYY Sysco Corp.	Reduce -2.0%	1.60%	−0.19
HD Home Depot Inc.	Reduce -0.5%	1.87%	−0.15
IDXX Idexx Laboratories Inc.	Reduce -1.7%	1.67%	−0.14
AMD Advanced Micro Devices	Reduce -0.2%	1.93%	−0.14
AME Ametek Inc.	Reduce -2.3%	1.46%	−0.12
SLB SLB Ltd.	Reduce -0.5%	0.96%	−0.12
MCD McDonald's Corp.	Reduce -66.8%	0.05%	−0.11
KIM Kimco Realty Corp.	Reduce -24.6%	0.36%	−0.10
UNP Union Pacific Corp.	Reduce -0.1%	2.04%	−0.10
USB US Bancorp	Reduce -1.0%	1.01%	−0.10
ABT Abbott Laboratories	Reduce -0.2%	1.49%	−0.08
MDT Medtronic PLC	Reduce -2.9%	0.86%	−0.08
MRK Merck & Co. Inc.	Reduce -4.0%	1.05%	−0.07
OVV Ovintiv Inc.	Reduce -4.4%	0.60%	−0.07
APA Apa Corp.	Sold out	0.00%	−0.07
LIN Linde PLC	Reduce -0.8%	2.26%	−0.06
GEV GE Vernova Inc.	Reduce -48.9%	0.07%	−0.06
IBM Intl Business Machines Corp.	Reduce -1.5%	0.74%	−0.06
JNJ Johnson & Johnson	Reduce -0.5%	1.21%	−0.06
GE General Electric	Reduce -5.1%	0.48%	−0.06
ADP Automatic Data Processing	Reduce -1.9%	1.73%	−0.05
SYK Stryker Corp.	Reduce -0.2%	3.17%	−0.05
CSCO Cisco Systems Inc.	Reduce -0.8%	2.22%	−0.04
ELV Elevance Health Inc.	Sold out	0.00%	−0.04
NEE Nextera Energy Inc.	Sold out	0.00%	−0.04
TROW T Rowe Price Group Inc.	Reduce -0.9%	1.46%	−0.04
PEP Pepsico Inc.	Reduce -17.1%	0.17%	−0.04
BRK.B Berkshire Hathaway Inc. Class B	Reduce -1.4%	2.29%	−0.02
VFC VF Corp.	Reduce -6.1%	0.14%	−0.02
PM Philip Morris International	Reduce -58.5%	0.02%	−0.02
SSNC Ss&c Technologies Holdings	Reduce -2.9%	1.06%	−0.02
IPGP Ipg Photonics Corp.	Reduce -0.2%	0.51%	−0.02
SLM SLM Corp.	Reduce -2.5%	0.54%	−0.02
WEC WEC Energy Group Inc.	Reduce -41.4%	0.03%	−0.02
MDLZ Mondelez International Inc. Class A	Sold out	0.00%	−0.02
KLIC Kulicke & Soffa Industries	Sold out	0.00%	−0.02
GEHC GE Healthcare Technology	Reduce -22.0%	0.02%	−0.01
CWB SS SPDR BB Conv Sec ETF	Reduce -6.9%	0.13%	−0.01
LOW Lowe's Cos Inc.	Reduce -0.1%	0.04%	−0.00
ABBV Abbvie Inc.	Reduce -2.0%	0.08%	−0.00
MO Altria Group Inc.	Reduce -21.0%	0.02%	−0.00
ASML ASML Holding NV-NY Reg SHS	Reduce -10.6%	0.02%	−0.00
IJR iShares Core S&P Small-Cap E	Reduce -0.7%	0.03%	−0.00
AMGN Amgen Inc.	Reduce -9.8%	0.03%	+0.00
ASB Associated Banc-Corp.	Reduce -1.5%	0.21%	+0.00

Portfolio Buys Q1 2024 → Q2 2024


INTU Intuit Inc.	Add +10.7%	1.74%	+0.24
ISRG Intuitive Surgical Inc.	Add +2.9%	1.35%	+0.22
MSFT Microsoft Corp.	Add +1.1%	1.70%	+0.17
CP Canadian Pacific Kansas City	Add +42.9%	0.61%	+0.15
SPOT Spotify Technology SA	Add +5.5%	0.47%	+0.11
AMZN Amazon.com Inc.	Add +1.7%	0.89%	+0.10
SBUX Starbucks Corp.	Add +22.6%	1.12%	+0.09
VRSN Verisign Inc.	Add +62.8%	0.22%	+0.08
ECL Ecolab Inc.	Add +1.7%	1.00%	+0.08
COST Costco Wholesale Corp.	Add +26.2%	0.22%	+0.08
MRSH Marsh & McLennan Cos	Add +5.1%	0.43%	+0.04
ENB Enbridge Inc.	Add +3.6%	0.73%	+0.04
LAMR Lamar Advertising Co. Class A	New	0.04%	+0.04
TFC Truist Financial Corp.	Add +1.1%	0.88%	+0.04
PAYX Paychex Inc.	Add +1.6%	1.99%	+0.04
ESGV Vanguard ESG US Stock ETF	New	0.03%	+0.03
VOO Vanguard S&P 500 ETF	New	0.03%	+0.03
FICO Fair Isaac Corp.	Add +3.3%	0.14%	+0.03
KO The Coca-Cola Co.	Add +1.5%	0.32%	+0.03
ROK Rockwell Automation Inc.	Add +8.9%	0.41%	+0.03
TCAF T Rowe PRC Cap Appreciation	Add +68.2%	0.06%	+0.03
PFE Pfizer Inc.	Add +0.7%	0.49%	+0.03
UBER Uber Technologies Inc.	Add +4.2%	1.09%	+0.02
AXON Axon Enterprise Inc.	Add +7.7%	0.44%	+0.02
PG The Procter & Gamble Co.	Add +0.8%	0.32%	+0.02
SIVR Abrdn Physical Silver Shares	New	0.02%	+0.02
SHEL Shell PLC-ADR	New	0.02%	+0.02
CEF Sprott Physical Gold and Sil	New	0.02%	+0.02
INDA iShares MSCI India ETF	New	0.02%	+0.02
VTI VG Morningstar TS MKT ETF-US	Add +8.2%	0.11%	+0.02
DEO Diageo PLC-Sponsored ADR	Add +16.6%	0.48%	+0.01
JPM JPMorgan Chase & Co.	Add +11.3%	0.04%	+0.01
O Realty Income Corp.	Add +4.1%	0.10%	+0.00
MELI MercadoLibre Inc.	Add +7.7%	0.03%	+0.00
TSLA Tesla Inc.	Add +6.0%	0.02%	+0.00
MOAT Vaneck Morningstar Wide Moat	Add +7.1%	0.07%	+0.00
UNH Unitedhealth Group Inc.	Add +4.2%	0.04%	+0.00
VZ Verizon Communications Inc.	Add +13.0%	0.02%	+0.00
ETSY Etsy Inc.	Add +13.6%	0.22%	+0.00
MMM 3M Co.	Add +10.5%	0.02%	+0.00
CAT Caterpillar Inc.	Add +14.5%	0.02%	+0.00
SEE Sealed Air Corp.	Add +6.3%	0.04%	+0.00
MA Mastercard Inc. Class A	Add +3.8%	0.04%	−0.00
MTCH Match Group Inc.	Add +13.8%	0.15%	−0.00
FAST Fastenal Co.	Add +0.8%	0.07%	−0.01
V Visa Inc. Class A	Add +1.4%	1.58%	−0.02
ANSS Ansys Inc.	Add +1.8%	0.82%	−0.02
CMCSA Comcast Corp. Class A	Add +1.3%	1.53%	−0.08
PYPL PayPal Holdings Inc.	Add +0.2%	0.79%	−0.09
PAYC Paycom Software Inc.	Add +6.1%	0.38%	−0.10

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	160	$1.5B	AMD, GOOG, CSCO, AAPL, GOOGL
Q1 2026	158	$1.3B	AAPL, GOOG, CSCO, GOOGL, SYK
Q4 2025	154	$1.4B	GOOG, AAPL, AXP, GOOGL, CSCO
Q3 2025	152	$1.3B	AAPL, GOOG, ORCL, AXP, SYK
Q2 2025	153	$1.3B	AAPL, SYK, AXP, WAT, CSCO
Q1 2025	149	$1.2B	AAPL, SYK, WAT, BRK.B, AXP
Q4 2024	149	$1.2B	AAPL, WAT, SYK, GOOG, AXP
Q3 2024	150	$1.3B	AAPL, SYK, WAT, ADBE, AXP
Q2 2024	146	$1.2B	AAPL, GOOG, ADBE, SYK, WAT
Q1 2024	143	$1.2B	SYK, AAPL, WAT, ADBE, GOOG