Schaper Benz & Wise Investment Counsel Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 30, 2025), Schaper Benz & Wise Investment Counsel Inc. reported 153 stock positions worth $1.3 billion. Its top holding was Apple (AAPL) at 3.3% of the portfolio, followed by Stryker (SYK, 3.3%) and American Express (AXP, 3.0%). Compared with Q1 2025, it opened 6 new positions, sold out of 2, added to 55 and reduced 70. The biggest buy was Idexx Laboratories (IDXX, shares +1%) and the biggest sale Apple (AAPL, shares −3%).

Most Recent 13F
Q2 2026
Location
NEENAH, WI
CIK
0001033974
Portfolio Value
$1.3B (Q2 2025)
SEC Filing
0001033974-25-000004 ↗ filed Jul 30, 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 Q1 2025 Q2 2025: $1.3B $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 153 stocks · $1.3B
AAPL Apple Inc. 3.28% 208,066 $42.7M Reduce -2.6%
SYK Stryker Corp. 3.27% 107,664 $42.6M Reduce -1.1%
AXP American Express Co. 3.01% 122,885 $39.2M Reduce -3.3%
WAT Waters Corp. 2.80% 104,533 $36.5M Reduce -0.3%
CSCO Cisco Systems Inc. 2.80% 525,884 $36.5M Reduce -2.0%
GOOG Alphabet Inc. Class C 2.65% 194,777 $34.6M Reduce -3.5%
ORCL Oracle Corp. 2.50% 148,881 $32.5M Reduce -9.6%
BRK.B Berkshire Hathaway Inc. Class B 2.47% 66,356 $32.2M Reduce -1.0%
WFC Wells Fargo & Co. 2.21% 358,968 $28.8M Reduce -0.3%
ADBE Adobe Inc. 2.14% 72,011 $27.9M Add +0.9%
LIN Linde PLC 2.11% 58,505 $27.4M Reduce -2.3%
IDXX Idexx Laboratories Inc. 2.06% 50,173 $26.9M Add +0.7%
PAYX Paychex Inc. 2.05% 183,859 $26.7M Reduce -5.3%
ADP Automatic Data Processing 1.90% 80,281 $24.8M Reduce -2.9%
GOOGL Alphabet Inc. Class A 1.86% 137,899 $24.3M Reduce -2.4%
UNP Union Pacific Corp. 1.84% 104,298 $24.0M Add +0.2%
INTU Intuit Inc. 1.82% 30,123 $23.7M Reduce -3.7%
V Visa Inc. Class A 1.75% 64,301 $22.8M Reduce -7.7%
AFL Aflac Inc. 1.75% 216,309 $22.8M Reduce -5.6%
MSFT Microsoft Corp. 1.67% 43,826 $21.8M Reduce -0.5%
HD Home Depot Inc. 1.66% 59,107 $21.7M Reduce -4.9%
ABT Abbott Laboratories 1.58% 151,715 $20.6M Reduce -6.1%
UBER Uber Technologies Inc. 1.56% 218,176 $20.4M Reduce -0.5%
SYY Sysco Corp. 1.52% 261,187 $19.8M Reduce -0.9%
AME Ametek Inc. 1.50% 108,122 $19.6M Add +4.5%
ADI Analog Devices Inc. 1.47% 80,764 $19.2M Add +0.0%
ISRG Intuitive Surgical Inc. 1.45% 34,830 $18.9M Reduce -0.0%
AMD Advanced Micro Devices 1.44% 132,111 $18.7M Reduce -6.2%
PLTR Palantir Technologies Inc. Class A 1.36% 130,033 $17.7M Reduce -0.2%
SSNC Ss&c Technologies Holdings 1.28% 201,526 $16.7M Add +0.4%
CVX Chevron Corp. 1.21% 110,318 $15.8M Add +1.5%
AXON Axon Enterprise Inc. 1.19% 18,706 $15.5M Reduce -1.4%
SBUX Starbucks Corp. 1.14% 162,050 $14.8M Reduce -0.9%
JNJ Johnson & Johnson 1.13% 96,313 $14.7M Reduce -0.3%
SPOT Spotify Technology SA 1.12% 19,080 $14.6M Add +3.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.12% 117,837 $14.6M Reduce -4.1%
KMB Kimberly-Clark Corp. 1.09% 110,547 $14.3M Reduce -2.8%
PYPL PayPal Holdings Inc. 1.07% 187,653 $13.9M Add +11.2%
AMZN Amazon.com Inc. 1.04% 61,578 $13.5M Add +0.9%
USB US Bancorp 1.02% 294,219 $13.3M Add +0.2%
ECL Ecolab Inc. 1.00% 48,163 $13.0M Add +0.2%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.98% 132,059 $12.7M Reduce -7.2%
CMCSA Comcast Corp. Class A 0.93% 341,309 $12.2M Reduce -7.9%
NVDA Nvidia Corp. 0.93% 76,906 $12.2M Reduce -3.1%
REGN Regeneron Pharmaceuticals 0.90% 22,357 $11.7M Add +11.2%
TFC Truist Financial Corp. 0.86% 261,690 $11.3M Reduce -1.9%
NKE Nike Inc. Class B 0.85% 155,763 $11.1M Add +15.5%
ENB Enbridge Inc. 0.82% 235,054 $10.7M Reduce -0.2%
ANSS Ansys Inc. 0.80% 29,716 $10.4M Reduce -2.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.77% 33,936 $10.0M Reduce -26.0%
ALGN Align Technology Inc. 0.74% 51,233 $9.7M Reduce -2.8%
EVRG Evergy Inc. 0.73% 138,238 $9.5M Add +0.8%
SLM SLM Corp. 0.72% 286,879 $9.4M Reduce -5.5%
META Meta Platforms Inc. Class A 0.70% 12,304 $9.1M Reduce -0.3%
GE General Electric filed as GE AEROSPACE 0.70% 35,263 $9.1M Reduce -0.3%
MDT Medtronic PLC 0.69% 103,058 $9.0M Reduce -0.9%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.69% 264,592 $8.9M Add +10.4%
INTC Intel Corp. 0.65% 380,940 $8.5M Reduce -1.4%
AMCR Amcor PLC 0.63% 886,965 $8.2M Add +0.9%
MRK Merck & Co. Inc. 0.60% 99,322 $7.9M Add +0.1%
CP Canadian Pacific Kansas City 0.56% 92,220 $7.3M Reduce -8.1%
GPN Global Payments Inc. 0.55% 89,991 $7.2M Add +3.4%
ROK Rockwell Automation Inc. 0.54% 21,310 $7.1M Add +10.6%
DEO Diageo PLC-Sponsored ADR 0.48% 61,422 $6.2M Add +11.0%
SO The Southern Co. 0.45% 63,196 $5.8M Reduce -0.8%
IPGP Ipg Photonics Corp. 0.44% 84,359 $5.8M Add +7.5%
PAYC Paycom Software Inc. 0.44% 24,761 $5.7M Reduce -3.4%
DUK Duke Energy Corp. 0.44% 48,361 $5.7M Reduce -0.6%
MRSH Marsh & McLennan Cos 0.43% 25,890 $5.7M Add +1.6%
BEN Franklin Templeton Inc. 0.40% 217,142 $5.2M Add +1.7%
PFE Pfizer Inc. 0.38% 205,904 $5.0M Add +2.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.33% 6,861 $4.2M Reduce -6.8%
VRSN Verisign Inc. 0.32% 14,496 $4.2M Reduce -0.6%
KIM Kimco Realty Corp. 0.30% 188,526 $4.0M Reduce -1.3%
OVV Ovintiv Inc. 0.30% 103,803 $3.9M Reduce -1.6%
KO The Coca-Cola Co. 0.30% 55,673 $3.9M Reduce -4.2%
PG The Procter & Gamble Co. 0.28% 22,683 $3.6M Reduce -4.8%
BKNG Booking Holdings Inc. 0.27% 602 $3.5M Reduce -0.3%
COST Costco Wholesale Corp. 0.27% 3,499 $3.5M Add +3.1%
VWO Vanguard Ftse Emerging Marke 0.22% 58,989 $2.9M Add +177.8%
BRK.A Berkshire Hathaway Inc. Class A 0.22% 4 $2.9M Reduce -20.0%
ASB Associated Banc-Corp. 0.21% 113,695 $2.8M Add +2.3%
IWD iShares Russell 1000 Value E 0.21% 13,976 $2.7M No change
XOM Exxon Mobil Corp. 0.21% 24,999 $2.7M Add +0.4%
VTI VG Morningstar TS MKT ETF-US 0.18% 7,832 $2.4M Add +5.7%
ETSY Etsy Inc. 0.17% 45,270 $2.3M Add +0.3%
VEEV Veeva Systems Inc. Class A 0.17% 7,619 $2.2M Add +19.3%
GEV GE Vernova Inc. 0.15% 3,727 $2.0M Reduce -12.3%
FICO Fair Isaac Corp. 0.15% 1,069 $2.0M Add +0.3%
PEP Pepsico Inc. 0.13% 12,803 $1.7M Add +0.3%
WBA Walgreens Boots Alliance Inc. 0.13% 143,947 $1.7M Reduce -1.0%
HQY Healthequity Inc. 0.13% 15,685 $1.6M Add +0.3%
CWB SS SPDR BB Conv Sec ETF 0.12% 18,743 $1.5M Reduce -2.3%
LAMR Lamar Advertising Co. Class A 0.12% 12,557 $1.5M Add +40.0%
GLD SPDR Gold Shares 0.12% 4,957 $1.5M No change
MTCH Match Group Inc. 0.11% 45,005 $1.4M Reduce -0.1%
O Realty Income Corp. 0.11% 23,980 $1.4M Add +2.5%
VFC VF Corp. 0.10% 112,420 $1.3M Reduce -0.9%
PLXS Plexus Corp. 0.10% 9,738 $1.3M Reduce -19.8%
ABBV Abbvie Inc. 0.09% 6,204 $1.2M Add +12.0%
FAST Fastenal Co. 0.08% 26,102 $1.1M No change
TCAF T Rowe PRC Cap Appreciation 0.08% 29,595 $1.0M Add +11.5%
ESGV Vanguard ESG US Stock ETF 0.08% 9,506 $1.0M Add +7.6%
ANET Arista Networks Inc. 0.08% 9,639 $986K No change
NIC Nicolet Bankshares Inc. 0.06% 6,379 $788K No change
NFLX Netflix Inc. 0.06% 571 $765K Add +120.5%
TSLA Tesla Inc. 0.05% 2,189 $695K Add +6.6%
PANW Palo Alto Networks Inc. 0.05% 3,237 $662K Add +1.2%
MCD McDonald's Corp. 0.05% 2,237 $654K No change
TDVG T Rowe Price Dividend Growth 0.05% 14,610 $619K Add +8.8%
MA Mastercard Inc. Class A 0.05% 1,099 $617K Reduce -7.0%
JPM JPMorgan Chase & Co. 0.04% 1,957 $567K Reduce -11.2%
PM Philip Morris International 0.04% 3,060 $557K Add +0.5%
IJJ iShares S&P Mid-Cap 400 Valu 0.04% 4,502 $556K No change
WMT Walmart Inc. 0.04% 5,498 $538K Add +12.3%
VOO Vanguard S&P 500 ETF 0.04% 917 $521K Add +1.4%
TSCO Tractor Supply Company 0.04% 9,725 $513K No change
VEA Vanguard Ftse Developed ETF 0.04% 8,859 $505K Add +57.0%
LOW Lowe's Cos Inc. 0.04% 2,170 $481K Add +1.2%
SLV iShares Silver Trust 0.04% 14,645 $481K Add +6.7%
AMGN Amgen Inc. 0.04% 1,679 $469K Reduce -10.5%
IEFA iShares Core MSCI Eafe ETF 0.03% 5,370 $448K Reduce -1.8%
WTFC Wintrust Financial Corp. 0.03% 3,500 $434K Reduce -32.1%
VUG Vanguard Mrngstar GR ETF-Sui 0.03% 965 $423K New
VXUS Vanguard Total Intl Stock 0.03% 6,055 $418K New
WEC WEC Energy Group Inc. 0.03% 3,980 $415K Add +1.3%
IJR iShares Core S&P Small-Cap E 0.03% 3,761 $411K No change
FNDX Schwab Fndmntl US LRG Co. ETF 0.03% 15,305 $376K Add +1.7%
RTX RTX Corp. 0.03% 2,433 $355K Add +3.8%
CL Colgate-Palmolive Co. 0.03% 3,600 $327K No change
CAT Caterpillar Inc. 0.02% 835 $324K No change
MO Altria Group Inc. 0.02% 5,393 $316K Reduce -0.2%
SHOP Shopify Inc. Class A 0.02% 2,668 $308K Add +1.6%
SEE Sealed Air Corp. 0.02% 9,786 $304K No change
HUBB Hubbell Inc. 0.02% 692 $283K No change
CEF Sprott Physical Gold and Sil 0.02% 9,325 $281K No change
AMP Ameriprise Financial Inc. 0.02% 526 $281K Reduce -0.2%
COP Conocophillips 0.02% 3,113 $279K Add +3.3%
QQQ Invesco QQQ Trust Series 1 0.02% 485 $268K Reduce -26.5%
TRV The Travelers Cos Inc. 0.02% 1,000 $268K No change
SIVR Abrdn Physical Silver Shares 0.02% 7,750 $267K No change
GLTR Abrdn Precious Metals Basket 0.02% 1,930 $267K New
VZ Verizon Communications Inc. 0.02% 5,821 $252K Reduce -0.4%
MMM 3M Co. 0.02% 1,643 $250K No change
MOAT Vaneck Morningstar Wide Moat 0.02% 2,446 $229K Reduce -73.3%
GNTX Gentex Corp. 0.02% 9,799 $215K No change
GEHC GE Healthcare Technology 0.02% 2,872 $213K No change
SHEL Shell PLC-ADR 0.02% 2,965 $209K No change
INDA iShares MSCI India ETF 0.02% 3,650 $203K New
SCHG Schwab US Large-Cap Growth 0.02% 6,936 $203K New
EMR Emerson Electric Co. 0.02% 1,515 $202K New
INDV Indivior Ltd. 0.01% 10,000 $147K No change
BGS B&G Foods Inc. 0.00% 14,810 $63K No change

Portfolio Sells Q1 2025 → Q2 2025
AAPL Apple Inc. Reduce -2.6% 3.28% −0.58
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.0% 2.47% −0.42
PAYX Paychex Inc. Reduce -5.3% 2.05% −0.38
WAT Waters Corp. Reduce -0.3% 2.80% −0.34
AFL Aflac Inc. Reduce -5.6% 1.75% −0.32
V Visa Inc. Class A Reduce -7.7% 1.75% −0.23
KMB Kimberly-Clark Corp. Reduce -2.8% 1.09% −0.22
HD Home Depot Inc. Reduce -4.9% 1.66% −0.19
CMCSA Comcast Corp. Class A Reduce -7.9% 0.93% −0.18
JNJ Johnson & Johnson Reduce -0.3% 1.13% −0.17
SBUX Starbucks Corp. Reduce -0.9% 1.14% −0.16
IBM Intl Business Machines Corp. Reduce -26.0% 0.77% −0.16
ABT Abbott Laboratories Reduce -6.1% 1.58% −0.16
LIN Linde PLC Reduce -2.3% 2.11% −0.16
ADP Automatic Data Processing Reduce -2.9% 1.90% −0.15
BRK.A Berkshire Hathaway Inc. Class A Reduce -20.0% 0.22% −0.10
SYY Sysco Corp. Reduce -0.9% 1.52% −0.09
TROW T Rowe Price Group Inc. Reduce -7.2% 0.98% −0.08
MDT Medtronic PLC Reduce -0.9% 0.69% −0.07
OVV Ovintiv Inc. Reduce -1.6% 0.30% −0.06
INTC Intel Corp. Reduce -1.4% 0.65% −0.06
PG The Procter & Gamble Co. Reduce -4.8% 0.28% −0.05
MOAT Vaneck Morningstar Wide Moat Reduce -73.3% 0.02% −0.05
UHS Universal Health Services-B Sold out 0.00% −0.05
DUK Duke Energy Corp. Reduce -0.6% 0.44% −0.04
VFC VF Corp. Reduce -0.9% 0.10% −0.04
KO The Coca-Cola Co. Reduce -4.2% 0.30% −0.04
SO The Southern Co. Reduce -0.8% 0.45% −0.03
ENB Enbridge Inc. Reduce -0.2% 0.82% −0.03
TFC Truist Financial Corp. Reduce -1.9% 0.86% −0.03
KIM Kimco Realty Corp. Reduce -1.3% 0.30% −0.03
PLXS Plexus Corp. Reduce -19.8% 0.10% −0.03
UNH Unitedhealth Group Inc. Sold out 0.00% −0.02
SYK Stryker Corp. Reduce -1.1% 3.27% −0.02
PAYC Paycom Software Inc. Reduce -3.4% 0.44% −0.01
WTFC Wintrust Financial Corp. Reduce -32.1% 0.03% −0.01
AMGN Amgen Inc. Reduce -10.5% 0.04% −0.01
CP Canadian Pacific Kansas City Reduce -8.1% 0.56% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -6.8% 0.33% −0.01
MTCH Match Group Inc. Reduce -0.1% 0.11% −0.01
MA Mastercard Inc. Class A Reduce -7.0% 0.05% −0.01
WBA Walgreens Boots Alliance Inc. Reduce -1.0% 0.13% −0.01
QQQ Invesco QQQ Trust Series 1 Reduce -26.5% 0.02% −0.00
VZ Verizon Communications Inc. Reduce -0.4% 0.02% −0.00
MO Altria Group Inc. Reduce -0.2% 0.02% −0.00
SLM SLM Corp. Reduce -5.5% 0.72% −0.00
CWB SS SPDR BB Conv Sec ETF Reduce -2.3% 0.12% −0.00
JPM JPMorgan Chase & Co. Reduce -11.2% 0.04% −0.00
AMP Ameriprise Financial Inc. Reduce -0.2% 0.02% +0.00
IEFA iShares Core MSCI Eafe ETF Reduce -1.8% 0.03% +0.00

Portfolio Buys Q1 2025 → Q2 2025
IDXX Idexx Laboratories Inc. Add +0.7% 2.06% +0.37
SPOT Spotify Technology SA Add +3.6% 1.12% +0.30
PYPL PayPal Holdings Inc. Add +11.2% 1.07% +0.18
NKE Nike Inc. Class B Add +15.5% 0.85% +0.15
ADI Analog Devices Inc. Add +0.0% 1.47% +0.15
VWO Vanguard Ftse Emerging Marke Add +177.8% 0.22% +0.15
ROK Rockwell Automation Inc. Add +10.6% 0.54% +0.14
AMZN Amazon.com Inc. Add +0.9% 1.04% +0.09
BEN Franklin Templeton Inc. Add +1.7% 0.40% +0.06
AME Ametek Inc. Add +4.5% 1.50% +0.06
VEEV Veeva Systems Inc. Class A Add +19.3% 0.17% +0.05
IPGP Ipg Photonics Corp. Add +7.5% 0.44% +0.04
NFLX Netflix Inc. Add +120.5% 0.06% +0.04
LAMR Lamar Advertising Co. Class A Add +40.0% 0.12% +0.03
VUG Vanguard Mrngstar GR ETF-Sui New 0.03% +0.03
VXUS Vanguard Total Intl Stock New 0.03% +0.03
GLTR Abrdn Precious Metals Basket New 0.02% +0.02
VTI VG Morningstar TS MKT ETF-US Add +5.7% 0.18% +0.02
INDA iShares MSCI India ETF New 0.02% +0.02
EMR Emerson Electric Co. New 0.02% +0.02
SCHG Schwab US Large-Cap Growth New 0.02% +0.02
VEA Vanguard Ftse Developed ETF Add +57.0% 0.04% +0.02
USB US Bancorp Add +0.2% 1.02% +0.02
HQY Healthequity Inc. Add +0.3% 0.13% +0.01
TCAF T Rowe PRC Cap Appreciation Add +11.5% 0.08% +0.01
TSLA Tesla Inc. Add +6.6% 0.05% +0.01
ESGV Vanguard ESG US Stock ETF Add +7.6% 0.08% +0.01
ASB Associated Banc-Corp. Add +2.3% 0.21% +0.01
ECL Ecolab Inc. Add +0.2% 1.00% +0.01
PANW Palo Alto Networks Inc. Add +1.2% 0.05% +0.01
WMT Walmart Inc. Add +12.3% 0.04% +0.01
COST Costco Wholesale Corp. Add +3.1% 0.27% +0.01
DEO Diageo PLC-Sponsored ADR Add +11.0% 0.48% +0.00
PM Philip Morris International Add +0.5% 0.04% +0.00
TDVG T Rowe Price Dividend Growth Add +8.8% 0.05% +0.00
SHOP Shopify Inc. Class A Add +1.6% 0.02% +0.00
SLV iShares Silver Trust Add +6.7% 0.04% +0.00
VOO Vanguard S&P 500 ETF Add +1.4% 0.04% +0.00
RTX RTX Corp. Add +3.8% 0.03% +0.00
ETSY Etsy Inc. Add +0.3% 0.17% +0.00
FNDX Schwab Fndmntl US LRG Co. ETF Add +1.7% 0.03% 0.00
WEC WEC Energy Group Inc. Add +1.3% 0.03% −0.00
LOW Lowe's Cos Inc. Add +1.2% 0.04% −0.00
O Realty Income Corp. Add +2.5% 0.11% −0.00
COP Conocophillips Add +3.3% 0.02% −0.00
ABBV Abbvie Inc. Add +12.0% 0.09% −0.01
FICO Fair Isaac Corp. Add +0.3% 0.15% −0.01
PEP Pepsico Inc. Add +0.3% 0.13% −0.03
PFE Pfizer Inc. Add +2.5% 0.38% −0.03
XOM Exxon Mobil Corp. Add +0.4% 0.21% −0.03

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