Schaper Benz & Wise Investment Counsel Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 20, 2025), Schaper Benz & Wise Investment Counsel Inc. reported 152 stock positions worth $1.3 billion. Its top holding was Apple (AAPL) at 3.8% of the portfolio, followed by Alphabet Class C (GOOG, 3.4%) and Oracle (ORCL, 3.1%). Compared with Q2 2025, it opened 8 new positions, sold out of 9, added to 31 and reduced 76. The biggest buy was a new position in Synopsys (SNPS) and the biggest sale an exit from Ansys (ANSS).

Most Recent 13F
Q2 2026
Location
NEENAH, WI
CIK
0001033974
Portfolio Value
$1.3B (Q3 2025)
SEC Filing
0001033974-25-000007 ↗ filed Oct 20, 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 Q2 2025 Q3 2025: $1.3B $1.3B Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $1.3B Q1 2026 Q2 2026: $1.5B Q2 2026

Holdings 152 stocks · $1.3B
AAPL Apple Inc. 3.82% 201,856 $51.4M Reduce -3.0%
GOOG Alphabet Inc. Class C 3.43% 189,234 $46.1M Reduce -2.9%
ORCL Oracle Corp. 3.08% 147,251 $41.4M Reduce -1.1%
AXP American Express Co. 2.98% 120,626 $40.1M Reduce -1.8%
SYK Stryker Corp. 2.97% 108,116 $40.0M Add +0.4%
CSCO Cisco Systems Inc. 2.65% 520,290 $35.6M Reduce -1.1%
BRK.B Berkshire Hathaway Inc. Class B 2.50% 66,801 $33.6M Add +0.7%
GOOGL Alphabet Inc. Class A 2.47% 136,506 $33.2M Reduce -1.0%
WAT Waters Corp. 2.36% 105,670 $31.7M Add +1.1%
IDXX Idexx Laboratories Inc. 2.35% 49,555 $31.7M Reduce -1.2%
WFC Wells Fargo & Co. 2.19% 350,689 $29.4M Reduce -2.3%
LIN Linde PLC 2.03% 57,565 $27.3M Reduce -1.6%
UNP Union Pacific Corp. 1.81% 102,978 $24.3M Reduce -1.3%
ADBE Adobe Inc. 1.81% 68,920 $24.3M Reduce -4.3%
AFL Aflac Inc. 1.76% 212,345 $23.7M Reduce -1.8%
HD Home Depot Inc. 1.76% 58,424 $23.7M Reduce -1.2%
PLTR Palantir Technologies Inc. Class A 1.76% 129,639 $23.6M Reduce -0.3%
PAYX Paychex Inc. 1.75% 185,481 $23.5M Add +0.9%
ADP Automatic Data Processing 1.75% 80,040 $23.5M Reduce -0.3%
MSFT Microsoft Corp. 1.74% 45,192 $23.4M Add +3.1%
V Visa Inc. Class A 1.64% 64,581 $22.0M Add +0.4%
UBER Uber Technologies Inc. 1.59% 217,696 $21.3M Reduce -0.2%
SYY Sysco Corp. 1.57% 255,818 $21.1M Reduce -2.1%
AMD Advanced Micro Devices 1.56% 129,995 $21.0M Reduce -1.6%
INTU Intuit Inc. 1.54% 30,325 $20.7M Add +0.7%
AME Ametek Inc. 1.52% 108,816 $20.5M Add +0.6%
ABT Abbott Laboratories 1.49% 149,152 $20.0M Reduce -1.7%
ADI Analog Devices Inc. 1.43% 78,496 $19.3M Reduce -2.8%
JNJ Johnson & Johnson 1.32% 95,420 $17.7M Reduce -0.9%
SSNC Ss&c Technologies Holdings 1.31% 197,842 $17.6M Reduce -1.8%
CVX Chevron Corp. 1.27% 110,380 $17.1M Add +0.1%
ISRG Intuitive Surgical Inc. 1.20% 36,210 $16.2M Add +4.0%
SPOT Spotify Technology SA 1.06% 20,414 $14.2M Add +7.0%
NVDA Nvidia Corp. 1.03% 74,496 $13.9M Reduce -3.1%
USB US Bancorp 1.02% 284,295 $13.7M Reduce -3.4%
AMZN Amazon.com Inc. 1.01% 62,131 $13.6M Add +0.9%
SBUX Starbucks Corp. 1.01% 161,060 $13.6M Reduce -0.6%
KMB Kimberly-Clark Corp. 1.01% 109,167 $13.6M Reduce -1.3%
AXON Axon Enterprise Inc. 1.00% 18,819 $13.5M Add +0.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.99% 116,417 $13.3M Reduce -1.2%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.99% 129,534 $13.3M Reduce -1.9%
ECL Ecolab Inc. 0.96% 46,932 $12.9M Reduce -2.6%
PYPL PayPal Holdings Inc. 0.94% 187,596 $12.6M Reduce -0.0%
INTC Intel Corp. 0.91% 365,968 $12.3M Reduce -3.9%
REGN Regeneron Pharmaceuticals 0.91% 21,728 $12.2M Reduce -2.8%
ENB Enbridge Inc. 0.87% 232,417 $11.7M Reduce -1.1%
TFC Truist Financial Corp. 0.87% 255,641 $11.7M Reduce -2.3%
NKE Nike Inc. Class B 0.80% 154,762 $10.8M Reduce -0.6%
GE General Electric filed as GE AEROSPACE 0.79% 35,138 $10.6M Reduce -0.3%
EVRG Evergy Inc. 0.77% 136,893 $10.4M Reduce -1.0%
CMCSA Comcast Corp. Class A 0.77% 331,127 $10.4M Reduce -3.0%
MDT Medtronic PLC 0.71% 100,689 $9.6M Reduce -2.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.71% 33,701 $9.5M Reduce -0.7%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.67% 263,495 $9.1M Reduce -0.4%
META Meta Platforms Inc. Class A 0.66% 12,125 $8.9M Reduce -1.4%
AMCR Amcor PLC 0.61% 997,470 $8.2M Add +12.5%
SLM SLM Corp. 0.59% 284,444 $7.9M Reduce -0.8%
MRK Merck & Co. Inc. 0.58% 92,575 $7.8M Reduce -6.8%
ROK Rockwell Automation Inc. 0.55% 21,050 $7.4M Reduce -1.2%
ALGN Align Technology Inc. 0.53% 57,139 $7.2M Add +11.5%
GPN Global Payments Inc. 0.52% 84,751 $7.0M Reduce -5.8%
CP Canadian Pacific Kansas City 0.50% 90,008 $6.7M Reduce -2.4%
IPGP Ipg Photonics Corp. 0.50% 84,584 $6.7M Add +0.3%
DUK Duke Energy Corp. 0.44% 48,330 $6.0M Reduce -0.1%
SO The Southern Co. 0.44% 63,001 $6.0M Reduce -0.3%
DEO Diageo PLC-Sponsored ADR 0.43% 60,926 $5.8M Reduce -0.8%
PFE Pfizer Inc. 0.39% 204,732 $5.2M Reduce -0.6%
MRSH Marsh & McLennan Cos 0.38% 25,670 $5.2M Reduce -0.8%
PAYC Paycom Software Inc. 0.38% 24,725 $5.1M Reduce -0.1%
BEN Franklin Templeton Inc. 0.36% 207,950 $4.8M Reduce -4.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.35% 7,087 $4.7M Add +3.3%
VEEV Veeva Systems Inc. Class A 0.32% 14,548 $4.3M Add +90.9%
OVV Ovintiv Inc. 0.31% 102,459 $4.1M Reduce -1.3%
KIM Kimco Realty Corp. 0.30% 187,459 $4.1M Reduce -0.6%
VRSN Verisign Inc. 0.30% 14,456 $4.0M Reduce -0.3%
SNPS Synopsys Inc. 0.28% 7,587 $3.7M New
KO The Coca-Cola Co. 0.28% 56,208 $3.7M Add +1.0%
COST Costco Wholesale Corp. 0.27% 3,951 $3.7M Add +12.9%
PG The Procter & Gamble Co. 0.26% 22,528 $3.5M Reduce -0.7%
VWO Vanguard Ftse Emerging Marke 0.24% 60,237 $3.3M Add +2.1%
BKNG Booking Holdings Inc. 0.24% 599 $3.2M Reduce -0.5%
BRK.A Berkshire Hathaway Inc. Class A 0.22% 4 $3.0M No change
ASB Associated Banc-Corp. 0.22% 113,970 $2.9M Add +0.2%
IWD iShares Russell 1000 Value E 0.21% 13,976 $2.8M No change
ETSY Etsy Inc. 0.21% 42,455 $2.8M Reduce -6.2%
XOM Exxon Mobil Corp. 0.21% 24,909 $2.8M Reduce -0.4%
VTI VG Morningstar TS MKT ETF-US 0.19% 7,832 $2.6M No change
HOOD Robinhood Markets Inc. Class A 0.17% 16,239 $2.3M New
PEP Pepsico Inc. 0.13% 12,803 $1.8M No change
CWB SS SPDR BB Conv Sec ETF 0.13% 18,743 $1.7M No change
GLD SPDR Gold Shares 0.13% 4,757 $1.7M Reduce -4.0%
FICO Fair Isaac Corp. 0.12% 1,069 $1.6M No change
LAMR Lamar Advertising Co. Class A 0.12% 12,903 $1.6M Add +2.8%
VFC VF Corp. 0.12% 107,970 $1.6M Reduce -4.0%
MTCH Match Group Inc. 0.12% 43,932 $1.6M Reduce -2.4%
HQY Healthequity Inc. 0.11% 15,595 $1.5M Reduce -0.6%
O Realty Income Corp. 0.11% 24,196 $1.5M Add +0.9%
ANET Arista Networks Inc. 0.10% 9,639 $1.4M No change
ARM Arm Holdings PLC-ADR 0.10% 9,263 $1.3M New
PLXS Plexus Corp. 0.10% 9,056 $1.3M Reduce -7.0%
FAST Fastenal Co. 0.10% 26,102 $1.3M No change
ABBV Abbvie Inc. 0.10% 5,517 $1.3M Reduce -11.1%
ESGV Vanguard ESG US Stock ETF 0.09% 9,711 $1.2M Add +2.2%
TCAF T Rowe PRC Cap Appreciation 0.08% 29,470 $1.1M Reduce -0.4%
TSLA Tesla Inc. 0.07% 2,154 $958K Reduce -1.6%
NIC Nicolet Bankshares Inc. 0.06% 6,379 $858K No change
VEA Vanguard Ftse Developed ETF 0.06% 12,402 $743K Add +40.0%
TDY Teledyne Technologies Inc. 0.05% 1,228 $720K New
TDVG T Rowe Price Dividend Growth 0.05% 16,335 $718K Add +11.8%
NFLX Netflix Inc. 0.05% 571 $685K No change
MCD McDonald's Corp. 0.05% 2,237 $680K No change
PANW Palo Alto Networks Inc. 0.05% 3,237 $659K No change
MA Mastercard Inc. Class A 0.05% 1,099 $625K No change
SLV iShares Silver Trust 0.05% 14,645 $621K No change
JPM JPMorgan Chase & Co. 0.05% 1,957 $617K No change
TSCO Tractor Supply Company 0.05% 10,725 $610K Add +10.3%
IJJ iShares S&P Mid-Cap 400 Valu 0.04% 4,502 $584K No change
VOO Vanguard S&P 500 ETF 0.04% 942 $577K Add +2.7%
WMT Walmart Inc. 0.04% 5,348 $551K Reduce -2.7%
PM Philip Morris International 0.04% 3,060 $496K No change
IJR iShares Core S&P Small-Cap E 0.04% 4,125 $490K Add +9.7%
WTFC Wintrust Financial Corp. 0.03% 3,500 $464K No change
WEC WEC Energy Group Inc. 0.03% 3,980 $456K No change
VXUS Vanguard Total Intl Stock 0.03% 6,055 $445K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.03% 914 $438K Reduce -5.3%
RTX RTX Corp. 0.03% 2,433 $407K No change
FNDX Schwab Fndmntl US LRG Co. ETF 0.03% 15,305 $403K No change
SHOP Shopify Inc. Class A 0.03% 2,668 $396K No change
OSK Oshkosh Corp. 0.03% 3,050 $396K New
AMGN Amgen Inc. 0.03% 1,279 $361K Reduce -23.8%
MO Altria Group Inc. 0.03% 5,394 $356K Add +0.0%
GDX Vaneck Gold Miners ETF 0.03% 4,590 $351K New
SEE Sealed Air Corp. 0.03% 9,786 $346K No change
SIVR Abrdn Physical Silver Shares 0.03% 7,750 $345K No change
CEF Sprott Physical Gold and Sil 0.03% 9,325 $342K No change
LOW Lowe's Cos Inc. 0.03% 1,350 $339K Reduce -37.8%
CAT Caterpillar Inc. 0.03% 704 $336K Reduce -15.7%
GLTR Abrdn Precious Metals Basket 0.02% 1,930 $319K No change
COP Conocophillips 0.02% 3,113 $294K No change
QQQ Invesco QQQ Trust Series 1 0.02% 485 $291K No change
CL Colgate-Palmolive Co. 0.02% 3,600 $288K No change
TRV The Travelers Cos Inc. 0.02% 1,000 $279K No change
AMP Ameriprise Financial Inc. 0.02% 526 $258K No change
MMM 3M Co. 0.02% 1,643 $255K No change
MOAT Vaneck Morningstar Wide Moat 0.02% 2,446 $242K No change
INDV Indivior Ltd. 0.02% 10,000 $241K No change
VZ Verizon Communications Inc. 0.02% 5,276 $232K Reduce -9.4%
SCHG Schwab US Large-Cap Growth 0.02% 6,936 $221K No change
ASML ASML Holding NV-NY Reg SHS 0.02% 226 $219K New
GEHC GE Healthcare Technology 0.02% 2,831 $213K Reduce -1.4%
SHEL Shell PLC-ADR 0.02% 2,965 $212K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.02% 1,410 $204K New

Portfolio Sells Q2 2025 → Q3 2025
ANSS Ansys Inc. Sold out 0.00% −0.80
ADBE Adobe Inc. Reduce -4.3% 1.81% −0.33
CMCSA Comcast Corp. Class A Reduce -3.0% 0.77% −0.16
ADP Automatic Data Processing Reduce -0.3% 1.75% −0.15
CSCO Cisco Systems Inc. Reduce -1.1% 2.65% −0.15
GEV GE Vernova Inc. Sold out 0.00% −0.15
SLM SLM Corp. Reduce -0.8% 0.59% −0.14
PYPL PayPal Holdings Inc. Reduce -0.0% 0.94% −0.13
DIS The Walt Disney Co. Reduce -1.2% 0.99% −0.13
WBA Walgreens Boots Alliance Inc. Sold out 0.00% −0.13
SBUX Starbucks Corp. Reduce -0.6% 1.01% −0.13
ABT Abbott Laboratories Reduce -1.7% 1.49% −0.10
KMB Kimberly-Clark Corp. Reduce -1.3% 1.01% −0.08
LIN Linde PLC Reduce -1.6% 2.03% −0.07
CP Canadian Pacific Kansas City Reduce -2.4% 0.50% −0.06
IBM Intl Business Machines Corp. Reduce -0.7% 0.71% −0.06
PAYC Paycom Software Inc. Reduce -0.1% 0.38% −0.06
MRSH Marsh & McLennan Cos Reduce -0.8% 0.38% −0.05
NKE Nike Inc. Class B Reduce -0.6% 0.80% −0.05
DEO Diageo PLC-Sponsored ADR Reduce -0.8% 0.43% −0.04
ADI Analog Devices Inc. Reduce -2.8% 1.43% −0.04
ECL Ecolab Inc. Reduce -2.6% 0.96% −0.04
BEN Franklin Templeton Inc. Reduce -4.2% 0.36% −0.04
META Meta Platforms Inc. Class A Reduce -1.4% 0.66% −0.03
IEFA iShares Core MSCI Eafe ETF Sold out 0.00% −0.03
UNP Union Pacific Corp. Reduce -1.3% 1.81% −0.03
GPN Global Payments Inc. Reduce -5.8% 0.52% −0.03
AXP American Express Co. Reduce -1.8% 2.98% −0.03
BKNG Booking Holdings Inc. Reduce -0.5% 0.24% −0.03
MRK Merck & Co. Inc. Reduce -6.8% 0.58% −0.03
HUBB Hubbell Inc. Sold out 0.00% −0.02
VRSN Verisign Inc. Reduce -0.3% 0.30% −0.02
WFC Wells Fargo & Co. Reduce -2.3% 2.19% −0.02
PG The Procter & Gamble Co. Reduce -0.7% 0.26% −0.02
GNTX Gentex Corp. Sold out 0.00% −0.02
HQY Healthequity Inc. Reduce -0.6% 0.11% −0.02
INDA iShares MSCI India ETF Sold out 0.00% −0.02
EMR Emerson Electric Co. Sold out 0.00% −0.02
SLB SLB Ltd. Reduce -0.4% 0.67% −0.01
LOW Lowe's Cos Inc. Reduce -37.8% 0.03% −0.01
AMGN Amgen Inc. Reduce -23.8% 0.03% −0.01
BGS B&G Foods Inc. Sold out 0.00% −0.00
PLXS Plexus Corp. Reduce -7.0% 0.10% −0.00
VZ Verizon Communications Inc. Reduce -9.4% 0.02% −0.00
SO The Southern Co. Reduce -0.3% 0.44% −0.00
GEHC GE Healthcare Technology Reduce -1.4% 0.02% −0.00
WMT Walmart Inc. Reduce -2.7% 0.04% −0.00
CAT Caterpillar Inc. Reduce -15.7% 0.03% +0.00
VUG Vanguard Mrngstar GR ETF-Sui Reduce -5.3% 0.03% +0.00
KIM Kimco Realty Corp. Reduce -0.6% 0.30% +0.00

Portfolio Buys Q2 2025 → Q3 2025
SNPS Synopsys Inc. New 0.28% +0.28
HOOD Robinhood Markets Inc. Class A New 0.17% +0.17
VEEV Veeva Systems Inc. Class A Add +90.9% 0.32% +0.15
ARM Arm Holdings PLC-ADR New 0.10% +0.10
MSFT Microsoft Corp. Add +3.1% 1.74% +0.07
CVX Chevron Corp. Add +0.1% 1.27% +0.06
IPGP Ipg Photonics Corp. Add +0.3% 0.50% +0.05
TDY Teledyne Technologies Inc. New 0.05% +0.05
OSK Oshkosh Corp. New 0.03% +0.03
GDX Vaneck Gold Miners ETF New 0.03% +0.03
SPY SS SPDR S&P 500 ETF Trust-US Add +3.3% 0.35% +0.03
BRK.B Berkshire Hathaway Inc. Class B Add +0.7% 2.50% +0.03
AME Ametek Inc. Add +0.6% 1.52% +0.02
VWO Vanguard Ftse Emerging Marke Add +2.1% 0.24% +0.02
VEA Vanguard Ftse Developed ETF Add +40.0% 0.06% +0.02
ASML ASML Holding NV-NY Reg SHS New 0.02% +0.02
TJX TJX Companies Inc. New 0.02% +0.02
COST Costco Wholesale Corp. Add +12.9% 0.27% +0.01
TSCO Tractor Supply Company Add +10.3% 0.05% +0.01
TDVG T Rowe Price Dividend Growth Add +11.8% 0.05% +0.01
ESGV Vanguard ESG US Stock ETF Add +2.2% 0.09% +0.01
ASB Associated Banc-Corp. Add +0.2% 0.22% +0.01
IJR iShares Core S&P Small-Cap E Add +9.7% 0.04% +0.00
O Realty Income Corp. Add +0.9% 0.11% +0.00
VOO Vanguard S&P 500 ETF Add +2.7% 0.04% +0.00
MO Altria Group Inc. Add +0.0% 0.03% +0.00
LAMR Lamar Advertising Co. Class A Add +2.8% 0.12% +0.00
AMCR Amcor PLC Add +12.5% 0.61% −0.02
AMZN Amazon.com Inc. Add +0.9% 1.01% −0.02
KO The Coca-Cola Co. Add +1.0% 0.28% −0.02
SPOT Spotify Technology SA Add +7.0% 1.06% −0.06
V Visa Inc. Class A Add +0.4% 1.64% −0.11
AXON Axon Enterprise Inc. Add +0.6% 1.00% −0.18
ALGN Align Technology Inc. Add +11.5% 0.53% −0.21
ISRG Intuitive Surgical Inc. Add +4.0% 1.20% −0.25
INTU Intuit Inc. Add +0.7% 1.54% −0.28
SYK Stryker Corp. Add +0.4% 2.97% −0.30
PAYX Paychex Inc. Add +0.9% 1.75% −0.30
WAT Waters Corp. Add +1.1% 2.36% −0.44

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