Schaper Benz & Wise Investment Counsel Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), Schaper Benz & Wise Investment Counsel Inc. reported 149 stock positions worth $1.2 billion. Its top holding was Apple (AAPL) at 4.3% of the portfolio, followed by Waters (WAT, 3.2%) and Stryker (SYK, 3.1%). Compared with Q3 2024, it opened 3 new positions, sold out of 4, added to 53 and reduced 68. The biggest buy was Palantir Technologies Class A (PLTR, shares +9%) and the biggest sale Adobe (ADBE, shares −1%).

Most Recent 13F
Q2 2026
Location
NEENAH, WI
CIK
0001033974
Portfolio Value
$1.2B (Q4 2024)
SEC Filing
0001033974-25-000001 ↗ filed Feb 7, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.2B Q2 2024 Q3 2024: $1.3B Q3 2024 Q4 2024: $1.2B $1.2B Q4 2024 Q1 2025: $1.2B Q1 2025 Q2 2025: $1.3B Q2 2025 Q3 2025: $1.3B Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $1.3B Q1 2026 Q2 2026: $1.5B Q2 2026

Holdings 149 stocks · $1.2B
AAPL Apple Inc. 4.33% 215,614 $54.0M Reduce -1.5%
WAT Waters Corp. 3.17% 106,304 $39.4M Reduce -1.2%
SYK Stryker Corp. 3.15% 108,913 $39.2M Add +0.0%
GOOG Alphabet Inc. Class C 3.12% 203,818 $38.8M Reduce -2.7%
AXP American Express Co. 3.04% 127,716 $37.9M Reduce -2.3%
CSCO Cisco Systems Inc. 2.56% 539,796 $32.0M Reduce -0.8%
ADBE Adobe Inc. 2.47% 69,199 $30.8M Reduce -0.5%
BRK.B Berkshire Hathaway Inc. Class B 2.45% 67,305 $30.5M Add +1.3%
ORCL Oracle Corp. 2.22% 165,671 $27.6M Reduce -1.7%
PAYX Paychex Inc. 2.17% 193,250 $27.1M Reduce -1.3%
GOOGL Alphabet Inc. Class A 2.13% 140,223 $26.5M Reduce -0.2%
WFC Wells Fargo & Co. 2.04% 361,557 $25.4M Reduce -1.3%
LIN Linde PLC 2.01% 59,961 $25.1M Reduce -0.5%
AFL Aflac Inc. 2.00% 240,468 $24.9M Reduce -1.2%
ADP Automatic Data Processing 1.96% 83,404 $24.4M Reduce -0.8%
HD Home Depot Inc. 1.95% 62,309 $24.2M Reduce -1.6%
UNP Union Pacific Corp. 1.90% 103,928 $23.7M Reduce -0.4%
V Visa Inc. Class A 1.77% 69,903 $22.1M Add +0.2%
SYY Sysco Corp. 1.61% 262,666 $20.1M Reduce -0.6%
INTU Intuit Inc. 1.56% 30,954 $19.5M Add +0.3%
MSFT Microsoft Corp. 1.51% 44,681 $18.8M Add +1.7%
ABT Abbott Laboratories 1.51% 166,304 $18.8M Reduce -1.1%
AME Ametek Inc. 1.50% 103,904 $18.7M Reduce -1.0%
IDXX Idexx Laboratories Inc. 1.48% 44,502 $18.4M Add +8.3%
ISRG Intuitive Surgical Inc. 1.45% 34,541 $18.0M Reduce -0.3%
ADI Analog Devices Inc. 1.38% 80,682 $17.1M Reduce -0.7%
AMD Advanced Micro Devices 1.35% 139,498 $16.8M Add +0.3%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 1.34% 147,706 $16.7M Reduce -0.9%
CMCSA Comcast Corp. Class A 1.29% 427,884 $16.1M Reduce -6.4%
CVX Chevron Corp. 1.25% 107,368 $15.6M Reduce -1.2%
SSNC Ss&c Technologies Holdings 1.22% 200,786 $15.2M Add +1.4%
KMB Kimberly-Clark Corp. 1.22% 115,861 $15.2M Reduce -1.5%
SBUX Starbucks Corp. 1.21% 165,323 $15.1M Reduce -1.4%
USB US Bancorp 1.13% 294,230 $14.1M Reduce -0.9%
JNJ Johnson & Johnson 1.12% 96,827 $14.0M Reduce -0.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.11% 123,967 $13.8M Reduce -0.7%
REGN Regeneron Pharmaceuticals 1.11% 19,334 $13.8M Add +6.7%
PYPL PayPal Holdings Inc. 1.09% 159,736 $13.6M Add +0.1%
AMZN Amazon.com Inc. 1.00% 56,626 $12.4M Add +2.3%
UBER Uber Technologies Inc. 0.94% 193,194 $11.7M Add +10.1%
TFC Truist Financial Corp. 0.91% 262,723 $11.4M Reduce -0.2%
ECL Ecolab Inc. 0.91% 48,610 $11.4M Add +0.3%
NVDA Nvidia Corp. 0.86% 79,676 $10.7M Reduce -1.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.84% 47,836 $10.5M Reduce -1.6%
AXON Axon Enterprise Inc. 0.83% 17,302 $10.3M Add +1.0%
MDT Medtronic PLC 0.81% 126,546 $10.1M Reduce -0.5%
ANSS Ansys Inc. 0.81% 29,781 $10.0M Add +2.3%
ENB Enbridge Inc. 0.81% 236,502 $10.0M Reduce -0.8%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.79% 256,199 $9.8M Add +1.2%
MRK Merck & Co. Inc. 0.78% 97,982 $9.7M Add +0.9%
GPN Global Payments Inc. 0.78% 86,327 $9.7M Add +4.3%
PLTR Palantir Technologies Inc. Class A 0.76% 125,270 $9.5M Add +8.5%
NKE Nike Inc. Class B 0.72% 118,282 $9.0M Add +2.4%
SLM SLM Corp. 0.68% 306,824 $8.5M Reduce -0.2%
EVRG Evergy Inc. 0.68% 137,049 $8.4M Reduce -1.8%
ALGN Align Technology Inc. 0.68% 40,379 $8.4M Add +2.8%
INTC Intel Corp. 0.66% 413,110 $8.3M Reduce -4.7%
SPOT Spotify Technology SA 0.66% 18,424 $8.2M Add +1.8%
META Meta Platforms Inc. Class A 0.58% 12,385 $7.3M Reduce -1.2%
CP Canadian Pacific Kansas City 0.57% 97,705 $7.1M Add +6.5%
AMCR Amcor PLC 0.54% 712,750 $6.7M Add +30.9%
GE General Electric filed as GE AEROSPACE 0.48% 36,124 $6.0M Reduce -0.1%
DEO Diageo PLC-Sponsored ADR 0.47% 45,689 $5.8M Add +0.9%
IPGP Ipg Photonics Corp. 0.44% 75,996 $5.5M Reduce -1.0%
ROK Rockwell Automation Inc. 0.44% 19,315 $5.5M Add +0.2%
OVV Ovintiv Inc. 0.44% 135,277 $5.5M Reduce -2.7%
DUK Duke Energy Corp. 0.43% 50,205 $5.4M Add +1.7%
MRSH Marsh & McLennan Cos 0.43% 25,426 $5.4M Add +5.4%
PFE Pfizer Inc. 0.43% 200,440 $5.3M Reduce -0.2%
SO The Southern Co. 0.42% 63,906 $5.3M Add +1.6%
PAYC Paycom Software Inc. 0.42% 25,628 $5.3M Add +2.7%
KIM Kimco Realty Corp. 0.37% 197,078 $4.6M Reduce -8.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.35% 7,486 $4.4M Reduce -1.1%
BEN Franklin Templeton Inc. 0.35% 213,172 $4.3M Reduce -0.4%
PG The Procter & Gamble Co. 0.31% 23,018 $3.9M Reduce -0.5%
KO The Coca-Cola Co. 0.29% 58,390 $3.6M Add +0.2%
BRK.A Berkshire Hathaway Inc. Class A 0.27% 5 $3.4M Reduce -16.7%
COST Costco Wholesale Corp. 0.25% 3,360 $3.1M Add +11.1%
VRSN Verisign Inc. 0.24% 14,595 $3.0M Add +0.9%
BKNG Booking Holdings Inc. 0.24% 604 $3.0M Reduce -0.2%
XOM Exxon Mobil Corp. 0.22% 25,396 $2.7M Reduce -0.3%
ASB Associated Banc-Corp. 0.21% 111,745 $2.7M Reduce -1.1%
IWD iShares Russell 1000 Value E 0.21% 13,976 $2.6M No change
VFC VF Corp. 0.20% 113,420 $2.4M Reduce -0.8%
ETSY Etsy Inc. 0.19% 43,604 $2.3M Add +1.1%
FICO Fair Isaac Corp. 0.17% 1,067 $2.1M Reduce -0.7%
PLXS Plexus Corp. 0.16% 12,939 $2.0M Reduce -3.0%
PEP Pepsico Inc. 0.15% 12,157 $1.8M Add +5.2%
WBA Walgreens Boots Alliance Inc. 0.13% 175,949 $1.6M Reduce -21.5%
VTI VG Morningstar TS MKT ETF-US 0.13% 5,618 $1.6M Add +17.5%
CWB SS SPDR BB Conv Sec ETF 0.13% 20,193 $1.6M No change
MTCH Match Group Inc. 0.12% 46,305 $1.5M Reduce -19.3%
HQY Healthequity Inc. 0.12% 15,666 $1.5M Reduce -0.1%
GEV GE Vernova Inc. 0.11% 4,253 $1.4M Reduce -8.3%
GLD SPDR Gold Shares 0.10% 5,157 $1.2M Add +10.2%
VEEV Veeva Systems Inc. Class A 0.10% 5,921 $1.2M Add +31.0%
O Realty Income Corp. 0.10% 22,652 $1.2M Add +10.9%
ANET Arista Networks Inc. 0.09% 9,600 $1.1M No change
ABBV Abbvie Inc. 0.08% 5,615 $998K No change
FAST Fastenal Co. 0.08% 13,196 $949K Reduce -2.0%
VWO Vanguard Ftse Emerging Marke 0.07% 21,079 $928K Add +3.5%
LAMR Lamar Advertising Co. Class A 0.07% 7,359 $896K Add +11.4%
TCAF T Rowe PRC Cap Appreciation 0.07% 25,590 $851K Add +6.4%
MOAT Vaneck Morningstar Wide Moat 0.07% 9,000 $835K Add +0.7%
NIC Nicolet Bankshares Inc. 0.05% 6,379 $669K No change
MCD McDonald's Corp. 0.05% 2,237 $648K No change
WTFC Wintrust Financial Corp. 0.05% 5,157 $643K No change
MA Mastercard Inc. Class A 0.05% 1,179 $621K No change
ESGV Vanguard ESG US Stock ETF 0.05% 5,731 $601K Add +38.2%
JPM JPMorgan Chase & Co. 0.05% 2,465 $591K Reduce -0.6%
TSLA Tesla Inc. 0.05% 1,400 $565K Add +5.1%
IJJ iShares S&P Mid-Cap 400 Valu 0.05% 4,502 $563K No change
PANW Palo Alto Networks Inc. 0.04% 3,070 $559K Reduce -1.6%
UHS Universal Health Services-B 0.04% 3,080 $553K No change
WMT Walmart Inc. 0.04% 5,948 $537K Reduce -1.3%
LOW Lowe's Cos Inc. 0.04% 2,133 $526K No change
TSCO Tractor Supply Company 0.04% 9,725 $516K Add +21.2%
AMGN Amgen Inc. 0.04% 1,869 $487K No change
IJR iShares Core S&P Small-Cap E 0.03% 3,761 $433K No change
SLV iShares Silver Trust 0.03% 16,163 $426K Add +55.8%
VOO Vanguard S&P 500 ETF 0.03% 738 $398K Add +4.4%
IEFA iShares Core MSCI Eafe ETF 0.03% 5,466 $384K No change
TDVG T Rowe Price Dividend Growth 0.03% 9,410 $373K Add +76.2%
WEC WEC Energy Group Inc. 0.03% 3,931 $370K Reduce -4.8%
COP Conocophillips 0.03% 3,606 $358K No change
SEE Sealed Air Corp. 0.03% 10,386 $351K Reduce -11.1%
FNDX Schwab Fndmntl US LRG Co. ETF 0.03% 14,585 $345K New
MELI MercadoLibre Inc. 0.03% 203 $345K Add +4.6%
QQQ Invesco QQQ Trust Series 1 0.03% 660 $337K Add +52.4%
CL Colgate-Palmolive Co. 0.03% 3,600 $327K No change
LLY Eli Lilly & Co. 0.03% 407 $314K Reduce -26.0%
PM Philip Morris International 0.03% 2,609 $314K Add +20.2%
AMP Ameriprise Financial Inc. 0.03% 586 $312K No change
CAT Caterpillar Inc. 0.02% 852 $309K No change
HUBB Hubbell Inc. 0.02% 692 $290K No change
GNTX Gentex Corp. 0.02% 9,799 $282K Reduce -10.1%
SHOP Shopify Inc. Class A 0.02% 2,590 $275K No change
MO Altria Group Inc. 0.02% 5,077 $265K Add +6.6%
VEA Vanguard Ftse Developed ETF 0.02% 5,273 $252K New
RTX RTX Corp. 0.02% 2,145 $248K Reduce -10.4%
UNH Unitedhealth Group Inc. 0.02% 480 $243K Reduce -29.8%
TRV The Travelers Cos Inc. 0.02% 1,000 $241K No change
VZ Verizon Communications Inc. 0.02% 5,821 $233K No change
MMM 3M Co. 0.02% 1,768 $228K Reduce -12.8%
GEHC GE Healthcare Technology 0.02% 2,896 $226K Reduce -17.2%
NFLX Netflix Inc. 0.02% 254 $226K New
CEF Sprott Physical Gold and Sil 0.02% 9,325 $222K No change
SIVR Abrdn Physical Silver Shares 0.02% 7,750 $214K No change
BGS B&G Foods Inc. 0.01% 14,810 $102K No change

Portfolio Sells Q3 2024 → Q4 2024
ADBE Adobe Inc. Reduce -0.5% 2.47% −0.41
SRCL Stericycle Inc. Sold out 0.00% −0.29
LIN Linde PLC Reduce -0.5% 2.01% −0.28
CMCSA Comcast Corp. Class A Reduce -6.4% 1.29% −0.23
AFL Aflac Inc. Reduce -1.2% 2.00% −0.18
UNP Union Pacific Corp. Reduce -0.4% 1.90% −0.15
INTC Intel Corp. Reduce -4.7% 0.66% −0.15
JNJ Johnson & Johnson Reduce -0.7% 1.12% −0.14
KMB Kimberly-Clark Corp. Reduce -1.5% 1.22% −0.12
ADI Analog Devices Inc. Reduce -0.7% 1.38% −0.12
HD Home Depot Inc. Reduce -1.6% 1.95% −0.10
MDT Medtronic PLC Reduce -0.5% 0.81% −0.10
SBUX Starbucks Corp. Reduce -1.4% 1.21% −0.09
ORCL Oracle Corp. Reduce -1.7% 2.22% −0.08
GE General Electric Reduce -0.1% 0.48% −0.06
BRK.A Berkshire Hathaway Inc. Class A Reduce -16.7% 0.27% −0.06
MTCH Match Group Inc. Reduce -19.3% 0.12% −0.05
PFE Pfizer Inc. Reduce -0.2% 0.43% −0.04
SYY Sysco Corp. Reduce -0.6% 1.61% −0.03
CVX Chevron Corp. Reduce -1.2% 1.25% −0.03
WBA Walgreens Boots Alliance Inc. Reduce -21.5% 0.13% −0.03
KIM Kimco Realty Corp. Reduce -8.2% 0.37% −0.03
ABT Abbott Laboratories Reduce -1.1% 1.51% −0.02
XOM Exxon Mobil Corp. Reduce -0.3% 0.22% −0.02
TMO Thermo Fisher Scientific Inc. Sold out 0.00% −0.02
LMT Lockheed Martin Corp. Sold out 0.00% −0.02
INDA iShares MSCI India ETF Sold out 0.00% −0.02
IBM Intl Business Machines Corp. Reduce -1.6% 0.84% −0.01
EVRG Evergy Inc. Reduce -1.8% 0.68% −0.01
LLY Eli Lilly & Co. Reduce -26.0% 0.03% −0.01
UNH Unitedhealth Group Inc. Reduce -29.8% 0.02% −0.01
IPGP Ipg Photonics Corp. Reduce -1.0% 0.44% −0.01
PG The Procter & Gamble Co. Reduce -0.5% 0.31% −0.01
GEHC GE Healthcare Technology Reduce -17.2% 0.02% −0.01
SEE Sealed Air Corp. Reduce -11.1% 0.03% −0.01
MMM 3M Co. Reduce -12.8% 0.02% −0.00
GNTX Gentex Corp. Reduce -10.1% 0.02% −0.00
RTX RTX Corp. Reduce -10.4% 0.02% −0.00
WEC WEC Energy Group Inc. Reduce -4.8% 0.03% −0.00
FAST Fastenal Co. Reduce -2.0% 0.08% −0.00
PANW Palo Alto Networks Inc. Reduce -1.6% 0.04% +0.00
BEN Franklin Templeton Inc. Reduce -0.4% 0.35% +0.00
FICO Fair Isaac Corp. Reduce -0.7% 0.17% +0.00
WMT Walmart Inc. Reduce -1.3% 0.04% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.1% 0.35% +0.01
JPM JPMorgan Chase & Co. Reduce -0.6% 0.05% +0.01
META Meta Platforms Inc. Class A Reduce -1.2% 0.58% +0.01
VFC VF Corp. Reduce -0.8% 0.20% +0.01
OVV Ovintiv Inc. Reduce -2.7% 0.44% +0.01
TFC Truist Financial Corp. Reduce -0.2% 0.91% +0.02

Portfolio Buys Q3 2024 → Q4 2024
PLTR Palantir Technologies Inc. Class A Add +8.5% 0.76% +0.42
AXON Axon Enterprise Inc. Add +1.0% 0.83% +0.28
V Visa Inc. Class A Add +0.2% 1.77% +0.24
AMZN Amazon.com Inc. Add +2.3% 1.00% +0.17
SPOT Spotify Technology SA Add +1.8% 0.66% +0.13
GPN Global Payments Inc. Add +4.3% 0.78% +0.10
PYPL PayPal Holdings Inc. Add +0.1% 1.09% +0.10
PAYC Paycom Software Inc. Add +2.7% 0.42% +0.09
ANSS Ansys Inc. Add +2.3% 0.81% +0.07
SSNC Ss&c Technologies Holdings Add +1.4% 1.22% +0.05
AMCR Amcor PLC Add +30.9% 0.54% +0.05
COST Costco Wholesale Corp. Add +11.1% 0.25% +0.03
INTU Intuit Inc. Add +0.3% 1.56% +0.03
ROK Rockwell Automation Inc. Add +0.2% 0.44% +0.03
FNDX Schwab Fndmntl US LRG Co. ETF New 0.03% +0.03
VEEV Veeva Systems Inc. Class A Add +31.0% 0.10% +0.02
VRSN Verisign Inc. Add +0.9% 0.24% +0.02
VTI VG Morningstar TS MKT ETF-US Add +17.5% 0.13% +0.02
VEA Vanguard Ftse Developed ETF New 0.02% +0.02
NFLX Netflix Inc. New 0.02% +0.02
TSLA Tesla Inc. Add +5.1% 0.05% +0.02
ESGV Vanguard ESG US Stock ETF Add +38.2% 0.05% +0.01
TDVG T Rowe Price Dividend Growth Add +76.2% 0.03% +0.01
SLV iShares Silver Trust Add +55.8% 0.03% +0.01
QQQ Invesco QQQ Trust Series 1 Add +52.4% 0.03% +0.01
GLD SPDR Gold Shares Add +10.2% 0.10% +0.01
BRK.B Berkshire Hathaway Inc. Class B Add +1.3% 2.45% +0.01
SYK Stryker Corp. Add +0.0% 3.15% +0.01
TCAF T Rowe PRC Cap Appreciation Add +6.4% 0.07% +0.00
PM Philip Morris International Add +20.2% 0.03% +0.00
TSCO Tractor Supply Company Add +21.2% 0.04% +0.00
MRSH Marsh & McLennan Cos Add +5.4% 0.43% +0.00
MSFT Microsoft Corp. Add +1.7% 1.51% +0.00
VOO Vanguard S&P 500 ETF Add +4.4% 0.03% +0.00
MO Altria Group Inc. Add +6.6% 0.02% +0.00
LAMR Lamar Advertising Co. Class A Add +11.4% 0.07% +0.00
MOAT Vaneck Morningstar Wide Moat Add +0.7% 0.07% −0.00
VWO Vanguard Ftse Emerging Marke Add +3.5% 0.07% −0.00
MELI MercadoLibre Inc. Add +4.6% 0.03% −0.00
ETSY Etsy Inc. Add +1.1% 0.19% −0.01
O Realty Income Corp. Add +10.9% 0.10% −0.01
PEP Pepsico Inc. Add +5.2% 0.15% −0.01
DUK Duke Energy Corp. Add +1.7% 0.43% −0.02
SO The Southern Co. Add +1.6% 0.42% −0.03
DEO Diageo PLC-Sponsored ADR Add +0.9% 0.47% −0.04
KO The Coca-Cola Co. Add +0.2% 0.29% −0.04
CP Canadian Pacific Kansas City Add +6.5% 0.57% −0.06
SLB SLB Ltd. Add +1.2% 0.79% −0.06
ECL Ecolab Inc. Add +0.3% 0.91% −0.07
NKE Nike Inc. Class B Add +2.4% 0.72% −0.10

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 160$1.5BAMD, GOOG, CSCO, AAPL, GOOGL
Q1 2026 158$1.3BAAPL, GOOG, CSCO, GOOGL, SYK
Q4 2025 154$1.4BGOOG, AAPL, AXP, GOOGL, CSCO
Q3 2025 152$1.3BAAPL, GOOG, ORCL, AXP, SYK
Q2 2025 153$1.3BAAPL, SYK, AXP, WAT, CSCO
Q1 2025 149$1.2BAAPL, SYK, WAT, BRK.B, AXP
Q4 2024 149$1.2BAAPL, WAT, SYK, GOOG, AXP
Q3 2024 150$1.3BAAPL, SYK, WAT, ADBE, AXP
Q2 2024 146$1.2BAAPL, GOOG, ADBE, SYK, WAT
Q1 2024 143$1.2BSYK, AAPL, WAT, ADBE, GOOG