Schaper Benz & Wise Investment Counsel Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 17, 2025), Schaper Benz & Wise Investment Counsel Inc. reported 149 stock positions worth $1.2 billion. Its top holding was Apple (AAPL) at 3.9% of the portfolio, followed by Stryker (SYK, 3.3%) and Waters (WAT, 3.1%). Compared with Q4 2024, it opened 2 new positions, sold out of 2, added to 62 and reduced 64. The biggest buy was Uber Technologies (UBER, shares +13%) and the biggest sale Alphabet Class C (GOOG, shares −1%).

Most Recent 13F
Q2 2026
Location
NEENAH, WI
CIK
0001033974
Portfolio Value
$1.2B (Q1 2025)
SEC Filing
0001033974-25-000003 ↗ filed Apr 17, 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 Q4 2024 Q1 2025: $1.2B $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. 3.85% 213,726 $47.5M Reduce -0.9%
SYK Stryker Corp. 3.29% 108,834 $40.5M Reduce -0.1%
WAT Waters Corp. 3.13% 104,815 $38.6M Reduce -1.4%
BRK.B Berkshire Hathaway Inc. Class B 2.90% 67,015 $35.7M Reduce -0.4%
AXP American Express Co. 2.78% 127,134 $34.2M Reduce -0.5%
CSCO Cisco Systems Inc. 2.69% 536,411 $33.1M Reduce -0.6%
GOOG Alphabet Inc. Class C 2.56% 201,797 $31.5M Reduce -1.0%
PAYX Paychex Inc. 2.43% 194,050 $29.9M Add +0.4%
LIN Linde PLC 2.26% 59,875 $27.9M Reduce -0.1%
ADBE Adobe Inc. 2.22% 71,372 $27.4M Add +3.1%
WFC Wells Fargo & Co. 2.10% 359,888 $25.8M Reduce -0.5%
AFL Aflac Inc. 2.07% 229,187 $25.5M Reduce -4.7%
ADP Automatic Data Processing 2.05% 82,644 $25.3M Reduce -0.9%
UNP Union Pacific Corp. 1.99% 104,052 $24.6M Add +0.1%
V Visa Inc. Class A 1.98% 69,659 $24.4M Reduce -0.3%
ORCL Oracle Corp. 1.87% 164,761 $23.0M Reduce -0.6%
HD Home Depot Inc. 1.85% 62,153 $22.8M Reduce -0.3%
GOOGL Alphabet Inc. Class A 1.77% 141,328 $21.9M Add +0.8%
ABT Abbott Laboratories 1.74% 161,648 $21.4M Reduce -2.8%
IDXX Idexx Laboratories Inc. 1.70% 49,834 $20.9M Add +12.0%
SYY Sysco Corp. 1.61% 263,629 $19.8M Add +0.4%
INTU Intuit Inc. 1.56% 31,279 $19.2M Add +1.1%
CVX Chevron Corp. 1.48% 108,659 $18.2M Add +1.2%
AME Ametek Inc. 1.45% 103,505 $17.8M Reduce -0.4%
ISRG Intuitive Surgical Inc. 1.40% 34,841 $17.3M Add +0.9%
SSNC Ss&c Technologies Holdings 1.36% 200,806 $16.8M Add +0.0%
MSFT Microsoft Corp. 1.34% 44,041 $16.5M Reduce -1.4%
ADI Analog Devices Inc. 1.32% 80,732 $16.3M Add +0.1%
KMB Kimberly-Clark Corp. 1.31% 113,769 $16.2M Reduce -1.8%
SBUX Starbucks Corp. 1.30% 163,509 $16.0M Reduce -1.1%
JNJ Johnson & Johnson 1.30% 96,562 $16.0M Reduce -0.3%
UBER Uber Technologies Inc. 1.30% 219,191 $16.0M Add +13.5%
AMD Advanced Micro Devices 1.17% 140,797 $14.5M Add +0.9%
CMCSA Comcast Corp. Class A 1.11% 370,624 $13.7M Reduce -13.4%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 1.06% 142,249 $13.1M Reduce -3.7%
REGN Regeneron Pharmaceuticals 1.03% 20,098 $12.7M Add +4.0%
USB US Bancorp 1.01% 293,653 $12.4M Reduce -0.2%
ECL Ecolab Inc. 0.99% 48,076 $12.2M Reduce -1.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.98% 122,932 $12.1M Reduce -0.8%
AMZN Amazon.com Inc. 0.94% 61,046 $11.6M Add +7.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.93% 45,864 $11.4M Reduce -4.1%
PYPL PayPal Holdings Inc. 0.89% 168,722 $11.0M Add +5.6%
PLTR Palantir Technologies Inc. Class A 0.89% 130,328 $11.0M Add +4.0%
TFC Truist Financial Corp. 0.89% 266,702 $11.0M Add +1.5%
ENB Enbridge Inc. 0.85% 235,473 $10.4M Reduce -0.4%
SPOT Spotify Technology SA 0.82% 18,409 $10.1M Reduce -0.1%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.81% 239,663 $10.0M Reduce -6.5%
AXON Axon Enterprise Inc. 0.81% 18,971 $10.0M Add +9.7%
ANSS Ansys Inc. 0.78% 30,431 $9.6M Add +2.2%
EVRG Evergy Inc. 0.77% 137,082 $9.5M Add +0.0%
MDT Medtronic PLC 0.76% 103,995 $9.3M Reduce -17.8%
SLM SLM Corp. 0.72% 303,424 $8.9M Reduce -1.1%
MRK Merck & Co. Inc. 0.72% 99,232 $8.9M Add +1.3%
INTC Intel Corp. 0.71% 386,185 $8.8M Reduce -6.5%
NVDA Nvidia Corp. 0.70% 79,359 $8.6M Reduce -0.4%
NKE Nike Inc. Class B 0.69% 134,902 $8.6M Add +14.1%
AMCR Amcor PLC 0.69% 878,680 $8.5M Add +23.3%
GPN Global Payments Inc. 0.69% 87,003 $8.5M Add +0.8%
ALGN Align Technology Inc. 0.68% 52,694 $8.4M Add +30.5%
META Meta Platforms Inc. Class A 0.58% 12,346 $7.1M Reduce -0.3%
GE General Electric filed as GE AEROSPACE 0.57% 35,373 $7.1M Reduce -2.1%
CP Canadian Pacific Kansas City 0.57% 100,394 $7.0M Add +2.8%
MRSH Marsh & McLennan Cos 0.50% 25,481 $6.2M Add +0.2%
DUK Duke Energy Corp. 0.48% 48,658 $5.9M Reduce -3.1%
SO The Southern Co. 0.48% 63,706 $5.9M Reduce -0.3%
DEO Diageo PLC-Sponsored ADR 0.47% 55,348 $5.8M Add +21.1%
PAYC Paycom Software Inc. 0.45% 25,642 $5.6M Add +0.1%
PFE Pfizer Inc. 0.41% 200,779 $5.1M Add +0.2%
ROK Rockwell Automation Inc. 0.40% 19,262 $5.0M Reduce -0.3%
IPGP Ipg Photonics Corp. 0.40% 78,501 $5.0M Add +3.3%
OVV Ovintiv Inc. 0.37% 105,543 $4.5M Reduce -22.0%
KO The Coca-Cola Co. 0.34% 58,134 $4.2M Reduce -0.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.33% 7,361 $4.1M Reduce -1.7%
BEN Franklin Templeton Inc. 0.33% 213,572 $4.1M Add +0.2%
PG The Procter & Gamble Co. 0.33% 23,829 $4.1M Add +3.5%
KIM Kimco Realty Corp. 0.33% 191,060 $4.1M Reduce -3.0%
BRK.A Berkshire Hathaway Inc. Class A 0.32% 5 $4.0M No change
VRSN Verisign Inc. 0.30% 14,576 $3.7M Reduce -0.1%
COST Costco Wholesale Corp. 0.26% 3,393 $3.2M Add +1.0%
XOM Exxon Mobil Corp. 0.24% 24,904 $3.0M Reduce -1.9%
BKNG Booking Holdings Inc. 0.23% 604 $2.8M No change
IWD iShares Russell 1000 Value E 0.21% 13,976 $2.6M No change
ASB Associated Banc-Corp. 0.20% 111,195 $2.5M Reduce -0.5%
ETSY Etsy Inc. 0.17% 45,111 $2.1M Add +3.5%
VTI VG Morningstar TS MKT ETF-US 0.17% 7,412 $2.0M Add +31.9%
FICO Fair Isaac Corp. 0.16% 1,066 $2.0M Reduce -0.1%
PEP Pepsico Inc. 0.16% 12,759 $1.9M Add +5.0%
VFC VF Corp. 0.14% 113,420 $1.8M No change
WBA Walgreens Boots Alliance Inc. 0.13% 145,347 $1.6M Reduce -17.4%
PLXS Plexus Corp. 0.13% 12,139 $1.6M Reduce -6.2%
VEEV Veeva Systems Inc. Class A 0.12% 6,387 $1.5M Add +7.9%
CWB SS SPDR BB Conv Sec ETF 0.12% 19,193 $1.5M Reduce -5.0%
GLD SPDR Gold Shares 0.12% 4,957 $1.4M Reduce -3.9%
MTCH Match Group Inc. 0.11% 45,035 $1.4M Reduce -2.7%
HQY Healthequity Inc. 0.11% 15,633 $1.4M Reduce -0.2%
O Realty Income Corp. 0.11% 23,405 $1.4M Add +3.3%
GEV GE Vernova Inc. 0.11% 4,249 $1.3M Reduce -0.1%
ABBV Abbvie Inc. 0.09% 5,540 $1.2M Reduce -1.3%
LAMR Lamar Advertising Co. Class A 0.08% 8,966 $1.0M Add +21.8%
FAST Fastenal Co. 0.08% 13,051 $1.0M Reduce -1.1%
VWO Vanguard Ftse Emerging Marke 0.08% 21,233 $961K Add +0.7%
ESGV Vanguard ESG US Stock ETF 0.07% 8,836 $865K Add +54.2%
TCAF T Rowe PRC Cap Appreciation 0.07% 26,540 $857K Add +3.7%
MOAT Vaneck Morningstar Wide Moat 0.07% 9,177 $808K Add +2.0%
ANET Arista Networks Inc. 0.06% 9,639 $747K Add +0.4%
MCD McDonald's Corp. 0.06% 2,237 $699K No change
NIC Nicolet Bankshares Inc. 0.06% 6,379 $695K No change
MA Mastercard Inc. Class A 0.05% 1,182 $648K Add +0.3%
AMGN Amgen Inc. 0.05% 1,876 $585K Add +0.4%
WTFC Wintrust Financial Corp. 0.05% 5,157 $580K No change
UHS Universal Health Services-B 0.05% 3,080 $579K No change
PANW Palo Alto Networks Inc. 0.04% 3,198 $546K Add +4.2%
TDVG T Rowe Price Dividend Growth 0.04% 13,425 $542K Add +42.7%
JPM JPMorgan Chase & Co. 0.04% 2,203 $540K Reduce -10.6%
IJJ iShares S&P Mid-Cap 400 Valu 0.04% 4,502 $539K No change
TSCO Tractor Supply Company 0.04% 9,725 $536K No change
TSLA Tesla Inc. 0.04% 2,054 $532K Add +46.7%
LOW Lowe's Cos Inc. 0.04% 2,144 $500K Add +0.5%
PM Philip Morris International 0.04% 3,044 $483K Add +16.7%
VOO Vanguard S&P 500 ETF 0.04% 904 $465K Add +22.5%
WMT Walmart Inc. 0.03% 4,898 $430K Reduce -17.6%
WEC WEC Energy Group Inc. 0.03% 3,931 $428K No change
SLV iShares Silver Trust 0.03% 13,720 $425K Reduce -15.1%
IEFA iShares Core MSCI Eafe ETF 0.03% 5,466 $414K No change
IJR iShares Core S&P Small-Cap E 0.03% 3,761 $393K No change
FNDX Schwab Fndmntl US LRG Co. ETF 0.03% 15,045 $355K Add +3.1%
CL Colgate-Palmolive Co. 0.03% 3,600 $337K No change
MO Altria Group Inc. 0.03% 5,406 $324K Add +6.5%
COP Conocophillips 0.03% 3,014 $317K Reduce -16.4%
RTX RTX Corp. 0.03% 2,345 $311K Add +9.3%
QQQ Invesco QQQ Trust Series 1 0.03% 660 $310K No change
VEA Vanguard Ftse Developed ETF 0.02% 5,643 $287K Add +7.0%
SEE Sealed Air Corp. 0.02% 9,786 $283K Reduce -5.8%
CAT Caterpillar Inc. 0.02% 835 $275K Reduce -2.0%
VZ Verizon Communications Inc. 0.02% 5,847 $265K Add +0.5%
CEF Sprott Physical Gold and Sil 0.02% 9,325 $265K No change
TRV The Travelers Cos Inc. 0.02% 1,000 $264K No change
UNH Unitedhealth Group Inc. 0.02% 487 $255K Add +1.5%
AMP Ameriprise Financial Inc. 0.02% 527 $255K Reduce -10.1%
SIVR Abrdn Physical Silver Shares 0.02% 7,750 $252K No change
SHOP Shopify Inc. Class A 0.02% 2,627 $251K Add +1.4%
NFLX Netflix Inc. 0.02% 259 $242K Add +2.0%
MMM 3M Co. 0.02% 1,643 $241K Reduce -7.1%
GEHC GE Healthcare Technology 0.02% 2,872 $232K Reduce -0.8%
HUBB Hubbell Inc. 0.02% 692 $229K No change
GNTX Gentex Corp. 0.02% 9,799 $228K No change
SHEL Shell PLC-ADR 0.02% 2,965 $217K New
BGS B&G Foods Inc. 0.01% 14,810 $102K No change
INDV Indivior Ltd. 0.01% 10,000 $95K New

Portfolio Sells Q4 2024 → Q1 2025
GOOG Alphabet Inc. Class C Reduce -1.0% 2.56% −0.56
AAPL Apple Inc. Reduce -0.9% 3.85% −0.48
ORCL Oracle Corp. Reduce -0.6% 1.87% −0.35
TROW T Rowe Price Group Inc. Reduce -3.7% 1.06% −0.28
AXP American Express Co. Reduce -0.5% 2.78% −0.27
CMCSA Comcast Corp. Class A Reduce -13.4% 1.11% −0.18
MSFT Microsoft Corp. Reduce -1.4% 1.34% −0.17
NVDA Nvidia Corp. Reduce -0.4% 0.70% −0.16
USB US Bancorp Reduce -0.2% 1.01% −0.12
DIS The Walt Disney Co. Reduce -0.8% 0.98% −0.12
HD Home Depot Inc. Reduce -0.3% 1.85% −0.10
OVV Ovintiv Inc. Reduce -22.0% 0.37% −0.07
AME Ametek Inc. Reduce -0.4% 1.45% −0.06
MDT Medtronic PLC Reduce -17.8% 0.76% −0.05
KIM Kimco Realty Corp. Reduce -3.0% 0.33% −0.04
ROK Rockwell Automation Inc. Reduce -0.3% 0.40% −0.04
PLXS Plexus Corp. Reduce -6.2% 0.13% −0.04
WAT Waters Corp. Reduce -1.4% 3.13% −0.03
MELI MercadoLibre Inc. Sold out 0.00% −0.03
LLY Eli Lilly & Co. Sold out 0.00% −0.03
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.7% 0.33% −0.02
ASB Associated Banc-Corp. Reduce -0.5% 0.20% −0.01
FICO Fair Isaac Corp. Reduce -0.1% 0.16% −0.01
HQY Healthequity Inc. Reduce -0.2% 0.11% −0.01
WMT Walmart Inc. Reduce -17.6% 0.03% −0.01
MTCH Match Group Inc. Reduce -2.7% 0.11% −0.01
GEV GE Vernova Inc. Reduce -0.1% 0.11% −0.01
CWB SS SPDR BB Conv Sec ETF Reduce -5.0% 0.12% −0.01
SEE Sealed Air Corp. Reduce -5.8% 0.02% −0.01
META Meta Platforms Inc. Class A Reduce -0.3% 0.58% −0.00
AMP Ameriprise Financial Inc. Reduce -10.1% 0.02% −0.00
JPM JPMorgan Chase & Co. Reduce -10.6% 0.04% −0.00
COP Conocophillips Reduce -16.4% 0.03% −0.00
CAT Caterpillar Inc. Reduce -2.0% 0.02% −0.00
WBA Walgreens Boots Alliance Inc. Reduce -17.4% 0.13% 0.00
SLV iShares Silver Trust Reduce -15.1% 0.03% +0.00
GEHC GE Healthcare Technology Reduce -0.8% 0.02% +0.00
MMM 3M Co. Reduce -7.1% 0.02% +0.00
FAST Fastenal Co. Reduce -1.1% 0.08% +0.01
ABBV Abbvie Inc. Reduce -1.3% 0.09% +0.01
GLD SPDR Gold Shares Reduce -3.9% 0.12% +0.02
XOM Exxon Mobil Corp. Reduce -1.9% 0.24% +0.02
SLB SLB Ltd. Reduce -6.5% 0.81% +0.02
ENB Enbridge Inc. Reduce -0.4% 0.85% +0.04
SLM SLM Corp. Reduce -1.1% 0.72% +0.04
KO The Coca-Cola Co. Reduce -0.4% 0.34% +0.05
INTC Intel Corp. Reduce -6.5% 0.71% +0.05
DUK Duke Energy Corp. Reduce -3.1% 0.48% +0.05
SO The Southern Co. Reduce -0.3% 0.48% +0.05
VRSN Verisign Inc. Reduce -0.1% 0.30% +0.06

Portfolio Buys Q4 2024 → Q1 2025
UBER Uber Technologies Inc. Add +13.5% 1.30% +0.36
PAYX Paychex Inc. Add +0.4% 2.43% +0.25
CVX Chevron Corp. Add +1.2% 1.48% +0.23
IDXX Idexx Laboratories Inc. Add +12.0% 1.70% +0.22
AMCR Amcor PLC Add +23.3% 0.69% +0.15
SSNC Ss&c Technologies Holdings Add +0.0% 1.36% +0.14
PLTR Palantir Technologies Inc. Class A Add +4.0% 0.89% +0.13
UNP Union Pacific Corp. Add +0.1% 1.99% +0.09
EVRG Evergy Inc. Add +0.0% 0.77% +0.09
MRSH Marsh & McLennan Cos Add +0.2% 0.50% +0.07
VTI VG Morningstar TS MKT ETF-US Add +31.9% 0.17% +0.03
PAYC Paycom Software Inc. Add +0.1% 0.45% +0.03
ESGV Vanguard ESG US Stock ETF Add +54.2% 0.07% +0.02
VEEV Veeva Systems Inc. Class A Add +7.9% 0.12% +0.02
PG The Procter & Gamble Co. Add +3.5% 0.33% +0.02
SHEL Shell PLC-ADR New 0.02% +0.02
TDVG T Rowe Price Dividend Growth Add +42.7% 0.04% +0.01
PM Philip Morris International Add +16.7% 0.04% +0.01
COST Costco Wholesale Corp. Add +1.0% 0.26% +0.01
O Realty Income Corp. Add +3.3% 0.11% +0.01
LAMR Lamar Advertising Co. Class A Add +21.8% 0.08% +0.01
AMGN Amgen Inc. Add +0.4% 0.05% +0.01
INDV Indivior Ltd. New 0.01% +0.01
PEP Pepsico Inc. Add +5.0% 0.16% +0.01
VOO Vanguard S&P 500 ETF Add +22.5% 0.04% +0.01
RTX RTX Corp. Add +9.3% 0.03% +0.01
MO Altria Group Inc. Add +6.5% 0.03% +0.01
CP Canadian Pacific Kansas City Add +2.8% 0.57% +0.00
DEO Diageo PLC-Sponsored ADR Add +21.1% 0.47% +0.00
ALGN Align Technology Inc. Add +30.5% 0.68% +0.00
VWO Vanguard Ftse Emerging Marke Add +0.7% 0.08% +0.00
VEA Vanguard Ftse Developed ETF Add +7.0% 0.02% +0.00
MA Mastercard Inc. Class A Add +0.3% 0.05% +0.00
VZ Verizon Communications Inc. Add +0.5% 0.02% +0.00
NFLX Netflix Inc. Add +2.0% 0.02% +0.00
TCAF T Rowe PRC Cap Appreciation Add +3.7% 0.07% +0.00
UNH Unitedhealth Group Inc. Add +1.5% 0.02% +0.00
FNDX Schwab Fndmntl US LRG Co. ETF Add +3.1% 0.03% +0.00
PANW Palo Alto Networks Inc. Add +4.2% 0.04% −0.00
MOAT Vaneck Morningstar Wide Moat Add +2.0% 0.07% −0.00
LOW Lowe's Cos Inc. Add +0.5% 0.04% −0.00
SHOP Shopify Inc. Class A Add +1.4% 0.02% −0.00
TSLA Tesla Inc. Add +46.7% 0.04% −0.00
INTU Intuit Inc. Add +1.1% 1.56% −0.00
SYY Sysco Corp. Add +0.4% 1.61% −0.01
ETSY Etsy Inc. Add +3.5% 0.17% −0.01
BEN Franklin Templeton Inc. Add +0.2% 0.33% −0.01
PFE Pfizer Inc. Add +0.2% 0.41% −0.01
AXON Axon Enterprise Inc. Add +9.7% 0.81% −0.02
NKE Nike Inc. Class B Add +14.1% 0.69% −0.02

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