Schaper Benz & Wise Investment Counsel Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 12, 2026), Schaper Benz & Wise Investment Counsel Inc. reported 154 stock positions worth $1.4 billion. Its top holding was Alphabet Class C (GOOG) at 4.0% of the portfolio, followed by Apple (AAPL, 4.0%) and American Express (AXP, 3.2%). Compared with Q3 2025, it opened 7 new positions, sold out of 5, added to 71 and reduced 52. The biggest buy was Intuitive Surgical (ISRG, shares +2%) and the biggest sale Oracle (ORCL, shares −1%).

Most Recent 13F
Q2 2026
Location
NEENAH, WI
CIK
0001033974
Portfolio Value
$1.4B (Q4 2025)
SEC Filing
0001033974-26-000001 ↗ filed Jan 12, 2026

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 Q3 2025 Q4 2025: $1.4B $1.4B Q4 2025 Q1 2026: $1.3B Q1 2026 Q2 2026: $1.5B Q2 2026

Holdings 154 stocks · $1.4B
GOOG Alphabet Inc. Class C 4.05% 178,553 $56.0M Reduce -5.6%
AAPL Apple Inc. 3.95% 201,226 $54.7M Reduce -0.3%
AXP American Express Co. 3.15% 117,894 $43.6M Reduce -2.3%
GOOGL Alphabet Inc. Class A 3.01% 133,285 $41.7M Reduce -2.4%
CSCO Cisco Systems Inc. 2.89% 518,511 $39.9M Reduce -0.3%
WAT Waters Corp. 2.86% 104,050 $39.5M Reduce -1.5%
SYK Stryker Corp. 2.76% 108,809 $38.2M Add +0.6%
BRK.B Berkshire Hathaway Inc. Class B 2.44% 67,217 $33.8M Add +0.6%
IDXX Idexx Laboratories Inc. 2.42% 49,498 $33.5M Reduce -0.1%
WFC Wells Fargo & Co. 2.35% 348,448 $32.5M Reduce -0.6%
ORCL Oracle Corp. 2.05% 145,305 $28.3M Reduce -1.3%
AMD Advanced Micro Devices 1.98% 128,153 $27.4M Reduce -1.4%
LIN Linde PLC 1.81% 58,814 $25.1M Add +2.2%
ADBE Adobe Inc. 1.75% 69,236 $24.2M Add +0.5%
UNP Union Pacific Corp. 1.71% 102,004 $23.6M Reduce -0.9%
PLTR Palantir Technologies Inc. Class A 1.67% 130,012 $23.1M Add +0.3%
V Visa Inc. Class A 1.64% 64,793 $22.7M Add +0.3%
AFL Aflac Inc. 1.62% 202,999 $22.4M Reduce -4.4%
MSFT Microsoft Corp. 1.61% 46,071 $22.3M Add +1.9%
AME Ametek Inc. 1.60% 107,964 $22.2M Reduce -0.8%
PAYX Paychex Inc. 1.59% 195,639 $21.9M Add +5.5%
ADI Analog Devices Inc. 1.54% 78,779 $21.4M Add +0.4%
ADP Automatic Data Processing 1.53% 82,345 $21.2M Add +2.9%
ISRG Intuitive Surgical Inc. 1.51% 36,894 $20.9M Add +1.9%
INTU Intuit Inc. 1.49% 31,216 $20.7M Add +2.9%
HD Home Depot Inc. 1.45% 58,291 $20.1M Reduce -0.2%
JNJ Johnson & Johnson 1.39% 92,985 $19.2M Reduce -2.5%
SYY Sysco Corp. 1.37% 258,005 $19.0M Add +0.8%
ABT Abbott Laboratories 1.36% 149,720 $18.8M Add +0.4%
UBER Uber Technologies Inc. 1.29% 218,988 $17.9M Add +0.6%
SSNC Ss&c Technologies Holdings 1.25% 197,862 $17.3M Add +0.0%
CVX Chevron Corp. 1.23% 111,500 $17.0M Add +1.0%
REGN Regeneron Pharmaceuticals 1.14% 20,524 $15.8M Reduce -5.5%
AMZN Amazon.com Inc. 1.12% 67,261 $15.5M Add +8.3%
USB US Bancorp 1.10% 285,121 $15.2M Add +0.3%
SBUX Starbucks Corp. 0.98% 161,393 $13.6M Add +0.2%
INTC Intel Corp. 0.97% 362,673 $13.4M Reduce -0.9%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.96% 129,857 $13.3M Add +0.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.95% 115,824 $13.2M Reduce -0.5%
TFC Truist Financial Corp. 0.92% 258,447 $12.7M Add +1.1%
NVDA Nvidia Corp. 0.90% 67,102 $12.5M Reduce -9.9%
ECL Ecolab Inc. 0.90% 47,477 $12.5M Add +1.2%
SPOT Spotify Technology SA 0.88% 20,894 $12.1M Add +2.4%
AXON Axon Enterprise Inc. 0.86% 20,912 $11.9M Add +11.1%
PYPL PayPal Holdings Inc. 0.82% 194,746 $11.4M Add +3.8%
ENB Enbridge Inc. 0.81% 233,571 $11.2M Add +0.5%
GE General Electric filed as GE AEROSPACE 0.78% 35,096 $10.8M Reduce -0.1%
KMB Kimberly-Clark Corp. 0.76% 104,688 $10.6M Reduce -4.1%
NKE Nike Inc. Class B 0.75% 162,644 $10.4M Add +5.1%
SLB SLB Ltd. filed as SLB LIMITED 0.74% 265,411 $10.2M Add +0.7%
EVRG Evergy Inc. 0.72% 138,226 $10.0M Add +1.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.72% 33,413 $9.9M Reduce -0.8%
MRK Merck & Co. Inc. 0.69% 91,060 $9.6M Reduce -1.6%
CMCSA Comcast Corp. Class A 0.69% 318,635 $9.5M Reduce -3.8%
MDT Medtronic PLC 0.68% 98,112 $9.4M Reduce -2.6%
AMCR Amcor PLC 0.66% 1,103,180 $9.2M Add +10.6%
ALGN Align Technology Inc. 0.63% 55,480 $8.7M Reduce -2.9%
META Meta Platforms Inc. Class A 0.60% 12,485 $8.2M Add +3.0%
ROK Rockwell Automation Inc. 0.58% 20,666 $8.0M Reduce -1.8%
SLM SLM Corp. 0.56% 285,094 $7.7M Add +0.2%
VEEV Veeva Systems Inc. Class A 0.55% 33,802 $7.5M Add +132.3%
IPGP Ipg Photonics Corp. 0.50% 96,604 $6.9M Add +14.2%
CP Canadian Pacific Kansas City 0.48% 90,475 $6.7M Add +0.5%
PAYC Paycom Software Inc. 0.48% 41,381 $6.6M Add +67.4%
GPN Global Payments Inc. 0.44% 79,267 $6.1M Reduce -6.5%
DUK Duke Energy Corp. 0.42% 49,406 $5.8M Add +2.2%
DEO Diageo PLC-Sponsored ADR 0.40% 64,561 $5.6M Add +6.0%
SO The Southern Co. 0.40% 63,310 $5.5M Add +0.5%
BEN Franklin Templeton Inc. 0.36% 211,400 $5.1M Add +1.7%
PFE Pfizer Inc. 0.36% 202,105 $5.0M Reduce -1.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.35% 7,194 $4.9M Add +1.5%
MRSH Marsh & McLennan Cos 0.35% 25,967 $4.8M Add +1.2%
VWO Vanguard Ftse Emerging Marke 0.32% 82,194 $4.4M Add +36.5%
KO The Coca-Cola Co. 0.29% 58,258 $4.1M Add +3.6%
COST Costco Wholesale Corp. 0.29% 4,713 $4.1M Add +19.3%
OVV Ovintiv Inc. 0.28% 100,063 $3.9M Reduce -2.3%
KIM Kimco Realty Corp. 0.27% 186,963 $3.8M Reduce -0.3%
PG The Procter & Gamble Co. 0.26% 25,188 $3.6M Add +11.8%
ARM Arm Holdings PLC-ADR 0.26% 32,624 $3.6M Add +252.2%
VRSN Verisign Inc. 0.26% 14,606 $3.5M Add +1.0%
BKNG Booking Holdings Inc. 0.23% 599 $3.2M No change
BRK.A Berkshire Hathaway Inc. Class A 0.22% 4 $3.0M No change
XOM Exxon Mobil Corp. 0.22% 24,909 $3.0M No change
IWD iShares Russell 1000 Value E 0.21% 13,705 $2.9M Reduce -1.9%
ASB Associated Banc-Corp. 0.21% 111,870 $2.9M Reduce -1.8%
AVGO Broadcom Inc. 0.20% 8,178 $2.8M New
SNPS Synopsys Inc. 0.20% 5,971 $2.8M Reduce -21.3%
TDY Teledyne Technologies Inc. 0.19% 5,170 $2.6M Add +321.0%
VTI VG Morningstar TS MKT ETF-US 0.18% 7,302 $2.4M Reduce -6.8%
HOOD Robinhood Markets Inc. Class A 0.17% 21,376 $2.4M Add +31.6%
GLD SPDR Gold Shares 0.15% 5,313 $2.1M Add +11.7%
LAMR Lamar Advertising Co. Class A 0.15% 16,284 $2.1M Add +26.2%
VFC VF Corp. 0.14% 105,920 $1.9M Reduce -1.9%
PEP Pepsico Inc. 0.13% 12,713 $1.8M Reduce -0.7%
FICO Fair Isaac Corp. 0.13% 1,069 $1.8M No change
ETSY Etsy Inc. 0.12% 30,773 $1.7M Reduce -27.5%
CWB SS SPDR BB Conv Sec ETF 0.12% 18,743 $1.7M No change
O Realty Income Corp. 0.11% 27,343 $1.5M Add +13.0%
HQY Healthequity Inc. 0.10% 14,784 $1.4M Reduce -5.2%
MTCH Match Group Inc. 0.10% 40,873 $1.3M Reduce -7.0%
ESGV Vanguard ESG US Stock ETF 0.09% 10,713 $1.3M Add +10.3%
ANET Arista Networks Inc. 0.09% 9,639 $1.3M No change
TCAF T Rowe PRC Cap Appreciation 0.09% 32,091 $1.2M Add +8.9%
PLXS Plexus Corp. 0.09% 8,256 $1.2M Reduce -8.8%
FAST Fastenal Co. 0.08% 26,102 $1.0M No change
ABBV Abbvie Inc. 0.07% 4,517 $1.0M Reduce -18.1%
SLV iShares Silver Trust 0.07% 15,505 $999K Add +5.9%
VEA Vanguard Ftse Developed ETF 0.07% 15,675 $979K Add +26.4%
TSLA Tesla Inc. 0.07% 2,155 $969K Add +0.1%
GRMN Garmin Ltd. 0.07% 4,776 $969K New
VOO Vanguard S&P 500 ETF 0.06% 1,357 $851K Add +44.1%
SIVR Abrdn Physical Silver Shares 0.06% 11,550 $781K Add +49.0%
NIC Nicolet Bankshares Inc. 0.06% 6,379 $774K No change
TDVG T Rowe Price Dividend Growth 0.06% 17,109 $769K Add +4.7%
MCD McDonald's Corp. 0.05% 2,237 $684K No change
CEF Sprott Physical Gold and Sil 0.05% 14,125 $647K Add +51.5%
JPM JPMorgan Chase & Co. 0.05% 1,957 $630K No change
MA Mastercard Inc. Class A 0.04% 1,056 $603K Reduce -3.9%
PANW Palo Alto Networks Inc. 0.04% 3,240 $597K Add +0.1%
IJJ iShares S&P Mid-Cap 400 Valu 0.04% 4,502 $592K No change
WMT Walmart Inc. 0.04% 5,245 $584K Reduce -1.9%
TSCO Tractor Supply Company 0.04% 10,725 $536K No change
NFLX Netflix Inc. 0.04% 5,710 $535K No change
WEC WEC Energy Group Inc. 0.04% 4,767 $503K Add +19.8%
IJR iShares Core S&P Small-Cap E 0.04% 4,125 $496K No change
PM Philip Morris International 0.04% 3,060 $491K No change
GDX Vaneck Gold Miners ETF 0.03% 5,590 $479K Add +21.8%
FNDX Schwab Fndmntl US LRG Co. ETF 0.03% 17,283 $470K Add +12.9%
VUG Vanguard Mrngstar GR ETF-Sui 0.03% 922 $450K Add +0.9%
RTX RTX Corp. 0.03% 2,433 $446K No change
SHOP Shopify Inc. Class A 0.03% 2,668 $429K No change
WTFC Wintrust Financial Corp. 0.03% 3,000 $419K Reduce -14.3%
CAT Caterpillar Inc. 0.03% 706 $405K Add +0.3%
GLTR Abrdn Precious Metals Basket 0.03% 1,930 $397K No change
OSK Oshkosh Corp. 0.03% 3,048 $383K Reduce -0.1%
AMGN Amgen Inc. 0.03% 1,105 $362K Reduce -13.6%
INDV Indivior Ltd. 0.03% 10,003 $359K Add +0.0%
VXUS Vanguard Total Intl Stock 0.03% 4,605 $347K Reduce -23.9%
LLY Eli Lilly & Co. 0.02% 312 $335K New
EXAS Exact Sciences Corp. 0.02% 3,000 $305K New
CL Colgate-Palmolive Co. 0.02% 3,600 $284K No change
LOW Lowe's Cos Inc. 0.02% 1,146 $276K Reduce -15.1%
VIG Vanguard Dividend Apprec ETF 0.02% 1,229 $270K New
QQQ Invesco QQQ Trust Series 1 0.02% 435 $267K Reduce -10.3%
MO Altria Group Inc. 0.02% 4,595 $265K Reduce -14.8%
AMP Ameriprise Financial Inc. 0.02% 526 $258K No change
MOAT Vaneck Morningstar Wide Moat 0.02% 2,426 $251K Reduce -0.8%
ASML ASML Holding NV-NY Reg SHS 0.02% 226 $242K No change
GEHC GE Healthcare Technology 0.02% 2,936 $241K Add +3.7%
SCHG Schwab US Large-Cap Growth 0.02% 6,936 $226K No change
SHEL Shell PLC-ADR 0.02% 2,965 $218K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.02% 1,410 $217K No change
MCK McKesson Corp. 0.01% 250 $205K New
EMR Emerson Electric Co. 0.01% 1,515 $201K New

Portfolio Sells Q3 2025 → Q4 2025
ORCL Oracle Corp. Reduce -1.3% 2.05% −1.03
HD Home Depot Inc. Reduce -0.2% 1.45% −0.31
KMB Kimberly-Clark Corp. Reduce -4.1% 0.76% −0.25
AFL Aflac Inc. Reduce -4.4% 1.62% −0.15
NVDA Nvidia Corp. Reduce -9.9% 0.90% −0.13
UNP Union Pacific Corp. Reduce -0.9% 1.71% −0.11
ETSY Etsy Inc. Reduce -27.5% 0.12% −0.09
CMCSA Comcast Corp. Class A Reduce -3.8% 0.69% −0.09
GPN Global Payments Inc. Reduce -6.5% 0.44% −0.08
SNPS Synopsys Inc. Reduce -21.3% 0.20% −0.08
DIS The Walt Disney Co. Reduce -0.5% 0.95% −0.04
MDT Medtronic PLC Reduce -2.6% 0.68% −0.03
KIM Kimco Realty Corp. Reduce -0.3% 0.27% −0.03
SEE Sealed Air Corp. Sold out 0.00% −0.03
OVV Ovintiv Inc. Reduce -2.3% 0.28% −0.02
PFE Pfizer Inc. Reduce -1.3% 0.36% −0.02
COP Conocophillips Sold out 0.00% −0.02
TRV The Travelers Cos Inc. Sold out 0.00% −0.02
ABBV Abbvie Inc. Reduce -18.1% 0.07% −0.02
MTCH Match Group Inc. Reduce -7.0% 0.10% −0.02
MMM 3M Co. Sold out 0.00% −0.02
VZ Verizon Communications Inc. Sold out 0.00% −0.02
VTI VG Morningstar TS MKT ETF-US Reduce -6.8% 0.18% −0.01
HQY Healthequity Inc. Reduce -5.2% 0.10% −0.01
PLXS Plexus Corp. Reduce -8.8% 0.09% −0.01
ASB Associated Banc-Corp. Reduce -1.8% 0.21% −0.01
VXUS Vanguard Total Intl Stock Reduce -23.9% 0.03% −0.01
MO Altria Group Inc. Reduce -14.8% 0.02% −0.01
LOW Lowe's Cos Inc. Reduce -15.1% 0.02% −0.01
GE General Electric Reduce -0.1% 0.78% −0.01
WTFC Wintrust Financial Corp. Reduce -14.3% 0.03% −0.00
IWD iShares Russell 1000 Value E Reduce -1.9% 0.21% −0.00
MA Mastercard Inc. Class A Reduce -3.9% 0.04% −0.00
QQQ Invesco QQQ Trust Series 1 Reduce -10.3% 0.02% −0.00
PEP Pepsico Inc. Reduce -0.7% 0.13% −0.00
OSK Oshkosh Corp. Reduce -0.1% 0.03% −0.00
AMGN Amgen Inc. Reduce -13.6% 0.03% −0.00
MOAT Vaneck Morningstar Wide Moat Reduce -0.8% 0.02% +0.00
WMT Walmart Inc. Reduce -1.9% 0.04% +0.00
IBM Intl Business Machines Corp. Reduce -0.8% 0.72% +0.01
VFC VF Corp. Reduce -1.9% 0.14% +0.02
ROK Rockwell Automation Inc. Reduce -1.8% 0.58% +0.03
INTC Intel Corp. Reduce -0.9% 0.97% +0.05
IDXX Idexx Laboratories Inc. Reduce -0.1% 2.42% +0.07
JNJ Johnson & Johnson Reduce -2.5% 1.39% +0.07
AME Ametek Inc. Reduce -0.8% 1.60% +0.08
ALGN Align Technology Inc. Reduce -2.9% 0.63% +0.09
MRK Merck & Co. Inc. Reduce -1.6% 0.69% +0.11
AAPL Apple Inc. Reduce -0.3% 3.95% +0.13
WFC Wells Fargo & Co. Reduce -0.6% 2.35% +0.16

Portfolio Buys Q3 2025 → Q4 2025
ISRG Intuitive Surgical Inc. Add +1.9% 1.51% +0.31
VEEV Veeva Systems Inc. Class A Add +132.3% 0.55% +0.22
AVGO Broadcom Inc. New 0.20% +0.20
ARM Arm Holdings PLC-ADR Add +252.2% 0.26% +0.16
TDY Teledyne Technologies Inc. Add +321.0% 0.19% +0.14
ADI Analog Devices Inc. Add +0.4% 1.54% +0.11
AMZN Amazon.com Inc. Add +8.3% 1.12% +0.11
PAYC Paycom Software Inc. Add +67.4% 0.48% +0.09
USB US Bancorp Add +0.3% 1.10% +0.08
VWO Vanguard Ftse Emerging Marke Add +36.5% 0.32% +0.08
GRMN Garmin Ltd. New 0.07% +0.07
SLB SLB Ltd. Add +0.7% 0.74% +0.06
AMCR Amcor PLC Add +10.6% 0.66% +0.06
TFC Truist Financial Corp. Add +1.1% 0.92% +0.05
LAMR Lamar Advertising Co. Class A Add +26.2% 0.15% +0.03
SIVR Abrdn Physical Silver Shares Add +49.0% 0.06% +0.03
GLD SPDR Gold Shares Add +11.7% 0.15% +0.03
SLV iShares Silver Trust Add +5.9% 0.07% +0.03
LLY Eli Lilly & Co. New 0.02% +0.02
EXAS Exact Sciences Corp. New 0.02% +0.02
COST Costco Wholesale Corp. Add +19.3% 0.29% +0.02
CEF Sprott Physical Gold and Sil Add +51.5% 0.05% +0.02
VIG Vanguard Dividend Apprec ETF New 0.02% +0.02
VOO Vanguard S&P 500 ETF Add +44.1% 0.06% +0.02
KO The Coca-Cola Co. Add +3.6% 0.29% +0.02
VEA Vanguard Ftse Developed ETF Add +26.4% 0.07% +0.02
MCK McKesson Corp. New 0.01% +0.01
EMR Emerson Electric Co. New 0.01% +0.01
GDX Vaneck Gold Miners ETF Add +21.8% 0.03% +0.01
ESGV Vanguard ESG US Stock ETF Add +10.3% 0.09% +0.01
INDV Indivior Ltd. Add +0.0% 0.03% +0.01
BEN Franklin Templeton Inc. Add +1.7% 0.36% +0.01
TCAF T Rowe PRC Cap Appreciation Add +8.9% 0.09% +0.01
CAT Caterpillar Inc. Add +0.3% 0.03% +0.00
FNDX Schwab Fndmntl US LRG Co. ETF Add +12.9% 0.03% +0.00
PG The Procter & Gamble Co. Add +11.8% 0.26% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +1.5% 0.35% +0.00
WEC WEC Energy Group Inc. Add +19.8% 0.04% +0.00
V Visa Inc. Class A Add +0.3% 1.64% +0.00
TDVG T Rowe Price Dividend Growth Add +4.7% 0.06% +0.00
O Realty Income Corp. Add +13.0% 0.11% +0.00
HOOD Robinhood Markets Inc. Class A Add +31.6% 0.17% +0.00
GEHC GE Healthcare Technology Add +3.7% 0.02% +0.00
IPGP Ipg Photonics Corp. Add +14.2% 0.50% +0.00
VUG Vanguard Mrngstar GR ETF-Sui Add +0.9% 0.03% −0.00
TSLA Tesla Inc. Add +0.1% 0.07% −0.00
PANW Palo Alto Networks Inc. Add +0.1% 0.04% −0.01
CP Canadian Pacific Kansas City Add +0.5% 0.48% −0.02
DUK Duke Energy Corp. Add +2.2% 0.42% −0.03
TROW T Rowe Price Group Inc. Add +0.3% 0.96% −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