Tandem Investment Advisors, Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 30, 2024), Tandem Investment Advisors, Inc. reported 88 stock positions worth $2.6 billion. Its top holding was Cboe Global Markets (CBOE) at 5.7% of the portfolio, followed by Visa Class A (V, 4.4%) and Factset Research Systems (FDS, 4.3%). Compared with Q4 2023, it opened 13 new positions, sold out of 6, added to 33 and reduced 39. The biggest buy was Resmed (RMD, shares +30%) and the biggest sale an exit from Hormel Foods (HRL).
- Most Recent 13F
- Q2 2026
- Location
- CHARLESTON, SC
- CIK
- 0001694284
- Portfolio Value
- $2.6B (Q1 2024)
- SEC Filing
- 0001694284-24-000004 ↗ filed Apr 30, 2024
Holdings Value
Holdings 88 stocks · $2.6B
| CBOE Cboe Global Markets Inc. | 5.69% | 799,880 | $147.0M | Add +10.4% |
| V Visa Inc. Class A | 4.39% | 406,290 | $113.4M | Add +4.2% |
| FDS Factset Research Systems Inc. | 4.34% | 246,543 | $112.0M | Add +13.0% |
| ABT Abbott Laboratories | 4.24% | 964,079 | $109.6M | Add +5.2% |
| ICE Intercontinental Exchange Inc. | 3.96% | 744,005 | $102.2M | Reduce -3.6% |
| CMCSA Comcast Corp. Class A | 3.78% | 2,249,014 | $97.5M | Add +4.2% |
| RMD Resmed Inc. | 3.73% | 486,801 | $96.4M | Add +29.7% |
| BDX Becton Dickinson and Co. | 3.58% | 373,453 | $92.4M | Add +20.9% |
| SYK Stryker Corp. | 3.42% | 246,614 | $88.3M | Reduce -3.0% |
| NEE Nextera Energy Inc. | 3.31% | 1,338,971 | $85.6M | Add +6.3% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 3.28% | 672,060 | $84.6M | Add +4.8% |
| ACN Accenture PLC Class A | 3.22% | 239,577 | $83.0M | Add +4.2% |
| JNJ Johnson & Johnson | 3.04% | 496,920 | $78.6M | Add +4.1% |
| MSFT Microsoft Corp. | 2.99% | 183,582 | $77.2M | Reduce -1.0% |
| MA Mastercard Inc. Class A | 2.97% | 159,110 | $76.6M | Reduce -1.8% |
| WTRG Essential Utilities Inc. | 2.88% | 2,010,380 | $74.5M | Add +7.7% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 2.81% | 417,751 | $72.6M | Add +4.8% |
| APH Amphenol Corp. Class A | 2.72% | 609,656 | $70.3M | Reduce -21.5% |
| BLK BlackRock Finance Inc. | 2.64% | 81,671 | $68.1M | Reduce -1.5% |
| STE Steris Ltd. | 2.57% | 295,112 | $66.3M | Add +2.1% |
| TRNO Terreno Realty Corp. | 2.56% | 997,392 | $66.2M | Add +2.1% |
| RSG Republic Services Inc. | 2.50% | 337,855 | $64.7M | Reduce -21.8% |
| BRO Brown & Brown Inc. | 2.36% | 694,802 | $60.8M | Reduce -3.1% |
| BF.B Brown-Forman Corp. Class B | 2.26% | 1,128,637 | $58.3M | Add +36.8% |
| WCN Waste Connections Inc. | 2.22% | 333,859 | $57.4M | Reduce -3.0% |
| SEIC Sei Investments Company | 2.01% | 721,270 | $51.9M | Reduce -22.9% |
| NKE Nike Inc. Class B | 1.85% | 509,237 | $47.9M | Add +5.7% |
| MKTX Marketaxess Holdings Inc. | 1.84% | 217,128 | $47.6M | Add +11.0% |
| CHD Church & Dwight Co. Inc. | 1.77% | 439,375 | $45.8M | Reduce -3.0% |
| ADP Automatic Data Processing | 1.65% | 170,637 | $42.6M | Add +3.3% |
| EXPD Expeditors Intl Wash Inc. | 1.60% | 339,353 | $41.3M | Reduce -24.7% |
| COST Costco Wholesale Corp. | 1.56% | 55,111 | $40.4M | Reduce -26.5% |
| VRSK Verisk Analytics Inc. | 1.52% | 166,689 | $39.3M | Add +16.9% |
| ROP Roper Technologies Inc. | 1.17% | 54,086 | $30.3M | Add +0.1% |
| ABBV Abbvie Inc. | 1.10% | 156,145 | $28.4M | Reduce -31.2% |
| ORLY O'reilly Automotive Inc. | 0.27% | 6,265 | $7.1M | Reduce -5.7% |
| FISV Fiserv Inc. | 0.23% | 37,615 | $6.0M | Reduce -2.3% |
| QLYS Qualys Inc. | 0.21% | 31,838 | $5.3M | Add +10.8% |
| CHKP Check Point Software Tech | 0.19% | 30,657 | $5.0M | Reduce -2.7% |
| ISRG Intuitive Surgical Inc. | 0.18% | 11,781 | $4.7M | Reduce -2.2% |
| HSIC Henry Schein Inc. | 0.17% | 56,693 | $4.3M | Add +4.6% |
| ANSS Ansys Inc. | 0.14% | 10,475 | $3.6M | Reduce -2.0% |
| FIVE Five Below | 0.13% | 19,146 | $3.5M | Add +3.0% |
| AKAM Akamai Technologies Inc. | 0.12% | 29,655 | $3.2M | Add +7.0% |
| TYL Tyler Technologies Inc. | 0.12% | 7,321 | $3.1M | Add +2.6% |
| AAPL Apple Inc. | 0.05% | 7,490 | $1.3M | Reduce -27.3% |
| KO The Coca-Cola Co. | 0.04% | 15,317 | $937K | Reduce -29.8% |
| RY Royal Bank of Canada | 0.04% | 9,000 | $908K | No change |
| WMT Walmart Inc. | 0.04% | 15,067 | $907K | Reduce -27.2% |
| FAST Fastenal Co. | 0.03% | 10,019 | $773K | Reduce -42.0% |
| UNH Unitedhealth Group Inc. | 0.03% | 1,531 | $757K | Reduce -2.3% |
| HD Home Depot Inc. | 0.03% | 1,694 | $650K | Add +15.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.02% | 1,174 | $614K | Reduce -6.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.02% | 5,701 | $578K | Reduce -2.5% |
| BX Blackstone Inc. | 0.02% | 3,920 | $515K | Reduce -2.9% |
| JPM JPMorgan Chase & Co. | 0.02% | 2,397 | $480K | Reduce -9.3% |
| TFC Truist Financial Corp. | 0.02% | 12,154 | $474K | Add +1.9% |
| QDEL Quidelortho Corp. | 0.02% | 8,460 | $406K | No change |
| MRK Merck & Co. Inc. | 0.02% | 3,044 | $402K | Add +35.8% |
| NVEE NV5 Global Inc. | 0.01% | 3,870 | $379K | Add +9.3% |
| GOOGLE LLC-CL A filed as ALPHABET A | 0.01% | 2,499 | $377K | Reduce -28.2% |
| PG The Procter & Gamble Co. | 0.01% | 2,273 | $369K | Add +30.1% |
| DG Dollar General Corp. | 0.01% | 2,284 | $356K | Reduce -50.1% |
| BBWI Bath & Body Works Inc. | 0.01% | 6,400 | $320K | New |
| EXLS Exlservice Holdings Inc. | 0.01% | 9,719 | $309K | Add +13.3% |
| AMZN Amazon.com Inc. | 0.01% | 1,635 | $295K | Reduce -33.6% |
| PEP Pepsico Inc. | 0.01% | 1,611 | $282K | New |
| DD Dupont DE Nemours Inc. | 0.01% | 3,598 | $276K | Reduce -0.6% |
| MCK McKesson Corp. | 0.01% | 502 | $269K | Reduce -4.6% |
| MO Altria Group Inc. | 0.01% | 6,086 | $265K | Reduce -7.2% |
| CARE Carter Bankshares Inc. | 0.01% | 20,500 | $259K | Reduce -18.0% |
| ETN Eaton Corp. PLC | 0.01% | 827 | $259K | New |
| ECL Ecolab Inc. | 0.01% | 1,096 | $253K | Reduce -65.8% |
| UPS United Parcel Service Class B | 0.01% | 1,666 | $248K | New |
| CVX Chevron Corp. | 0.01% | 1,545 | $244K | New |
| AMGN Amgen Inc. | 0.01% | 850 | $242K | New |
| INTU Intuit Inc. | 0.01% | 373 | $242K | New |
| ITW Illinois Tool Works | 0.01% | 875 | $235K | New |
| AME Ametek Inc. | 0.01% | 1,260 | $230K | New |
| GGG Graco Inc. | 0.01% | 2,400 | $224K | No change |
| GD General Dynamics Corp. | 0.01% | 789 | $223K | New |
| MPC Marathon Petroleum Corp. | 0.01% | 1,092 | $220K | Reduce -24.0% |
| GOOG Google LLC Class C filed as ALPHABET INC CL C | 0.01% | 1,426 | $217K | Reduce -24.0% |
| PM Philip Morris International | 0.01% | 2,318 | $212K | Add +5.1% |
| CSCO Cisco Systems Inc. | 0.01% | 4,142 | $207K | New |
| MCD McDonald's Corp. | 0.01% | 722 | $204K | Reduce -8.6% |
| CTVA Corteva Inc. | 0.01% | 3,525 | $203K | New |
| PSX Phillips 66 | 0.01% | 1,237 | $202K | New |
Portfolio Sells Q4 2023 → Q1 2024
| HRL Hormel Foods Corp. | Sold out | 0.00% | −2.42 |
| EXPD Expeditors Intl Wash Inc. | Reduce -24.7% | 1.60% | −0.69 |
| COST Costco Wholesale Corp. | Reduce -26.5% | 1.56% | −0.41 |
| SEIC Sei Investments Company | Reduce -22.9% | 2.01% | −0.37 |
| APH Amphenol Corp. Class A | Reduce -21.5% | 2.72% | −0.36 |
| RSG Republic Services Inc. | Reduce -21.8% | 2.50% | −0.34 |
| ABBV Abbvie Inc. | Reduce -31.2% | 1.10% | −0.31 |
| BLK BlackRock Finance Inc. | Reduce -1.5% | 2.64% | −0.05 |
| AAPL Apple Inc. | Reduce -27.3% | 0.05% | −0.03 |
| SON Sonoco Products Co. | Sold out | 0.00% | −0.02 |
| ECL Ecolab Inc. | Reduce -65.8% | 0.01% | −0.02 |
| KO The Coca-Cola Co. | Reduce -29.8% | 0.04% | −0.02 |
| NBTB N B T Bancorp Inc. | Sold out | 0.00% | −0.01 |
| FAST Fastenal Co. | Reduce -42.0% | 0.03% | −0.01 |
| ANSS Ansys Inc. | Reduce -2.0% | 0.14% | −0.01 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.01 |
| DG Dollar General Corp. | Reduce -50.1% | 0.01% | −0.01 |
| RVTY Revvity Inc. | Sold out | 0.00% | −0.01 |
| WMT Walmart Inc. | Reduce -27.2% | 0.04% | −0.01 |
| ICE Intercontinental Exchange Inc. | Reduce -3.6% | 3.96% | −0.01 |
| CARE Carter Bankshares Inc. | Reduce -18.0% | 0.01% | −0.00 |
| GOOGLE LLC-CL A | Reduce -28.2% | 0.01% | −0.00 |
| UNH Unitedhealth Group Inc. | Reduce -2.3% | 0.03% | −0.00 |
| AMZN Amazon.com Inc. | Reduce -33.6% | 0.01% | −0.00 |
| GOOG Google LLC Class C | Reduce -24.0% | 0.01% | −0.00 |
| MCD McDonald's Corp. | Reduce -8.6% | 0.01% | −0.00 |
| BX Blackstone Inc. | Reduce -2.9% | 0.02% | −0.00 |
| DD Dupont DE Nemours Inc. | Reduce -0.6% | 0.01% | −0.00 |
| MO Altria Group Inc. | Reduce -7.2% | 0.01% | −0.00 |
| MPC Marathon Petroleum Corp. | Reduce -24.0% | 0.01% | 0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -6.1% | 0.02% | 0.00 |
| WISCONSIN ENERGY CORP | Sold out | 0.00% | 0.00 |
| TJX TJX Companies Inc. | Reduce -2.5% | 0.02% | +0.00 |
| JPM JPMorgan Chase & Co. | Reduce -9.3% | 0.02% | +0.00 |
| MCK McKesson Corp. | Reduce -4.6% | 0.01% | +0.00 |
| CHKP Check Point Software Tech | Reduce -2.7% | 0.19% | +0.00 |
| ISRG Intuitive Surgical Inc. | Reduce -2.2% | 0.18% | +0.02 |
| ORLY O'reilly Automotive Inc. | Reduce -5.7% | 0.27% | +0.02 |
| FISV Fiserv Inc. | Reduce -2.3% | 0.23% | +0.03 |
| CHD Church & Dwight Co. Inc. | Reduce -3.0% | 1.77% | +0.06 |
| WCN Waste Connections Inc. | Reduce -3.0% | 2.22% | +0.17 |
| MSFT Microsoft Corp. | Reduce -1.0% | 2.99% | +0.20 |
| MA Mastercard Inc. Class A | Reduce -1.8% | 2.97% | +0.20 |
| BRO Brown & Brown Inc. | Reduce -3.1% | 2.36% | +0.32 |
| SYK Stryker Corp. | Reduce -3.0% | 3.42% | +0.37 |
Portfolio Buys Q4 2023 → Q1 2024
| RMD Resmed Inc. | Add +29.7% | 3.73% | +1.15 |
| BDX Becton Dickinson and Co. | Add +20.9% | 3.58% | +0.57 |
| CBOE Cboe Global Markets Inc. | Add +10.4% | 5.69% | +0.52 |
| BF.B Brown-Forman Corp. Class B | Add +36.8% | 2.26% | +0.37 |
| V Visa Inc. Class A | Add +4.2% | 4.39% | +0.33 |
| NEE Nextera Energy Inc. | Add +6.3% | 3.31% | +0.26 |
| ABT Abbott Laboratories | Add +5.2% | 4.24% | +0.21 |
| JKHY Jack Henry & Associates Inc. | Add +4.8% | 2.81% | +0.21 |
| FDS Factset Research Systems Inc. | Add +13.0% | 4.34% | +0.18 |
| VRSK Verisk Analytics Inc. | Add +16.9% | 1.52% | +0.16 |
| TRNO Terreno Realty Corp. | Add +2.1% | 2.56% | +0.12 |
| ADP Automatic Data Processing | Add +3.3% | 1.65% | +0.11 |
| WTRG Essential Utilities Inc. | Add +7.7% | 2.88% | +0.10 |
| JNJ Johnson & Johnson | Add +4.1% | 3.04% | +0.05 |
| SJM The JM Smucker Co. | Add +4.8% | 3.28% | +0.03 |
| STE Steris Ltd. | Add +2.1% | 2.57% | +0.03 |
| BBWI Bath & Body Works Inc. | New | 0.01% | +0.01 |
| PEP Pepsico Inc. | New | 0.01% | +0.01 |
| ETN Eaton Corp. PLC | New | 0.01% | +0.01 |
| UPS United Parcel Service Class B | New | 0.01% | +0.01 |
| AMGN Amgen Inc. | New | 0.01% | +0.01 |
| CVX Chevron Corp. | New | 0.01% | +0.01 |
| INTU Intuit Inc. | New | 0.01% | +0.01 |
| ITW Illinois Tool Works | New | 0.01% | +0.01 |
| AME Ametek Inc. | New | 0.01% | +0.01 |
| GD General Dynamics Corp. | New | 0.01% | +0.01 |
| CSCO Cisco Systems Inc. | New | 0.01% | +0.01 |
| CTVA Corteva Inc. | New | 0.01% | +0.01 |
| PSX Phillips 66 | New | 0.01% | +0.01 |
| MRK Merck & Co. Inc. | Add +35.8% | 0.02% | +0.01 |
| HD Home Depot Inc. | Add +15.1% | 0.03% | +0.00 |
| PG The Procter & Gamble Co. | Add +30.1% | 0.01% | +0.00 |
| HSIC Henry Schein Inc. | Add +4.6% | 0.17% | +0.00 |
| EXLS Exlservice Holdings Inc. | Add +13.3% | 0.01% | +0.00 |
| TYL Tyler Technologies Inc. | Add +2.6% | 0.12% | +0.00 |
| TFC Truist Financial Corp. | Add +1.9% | 0.02% | +0.00 |
| PM Philip Morris International | Add +5.1% | 0.01% | −0.00 |
| NVEE NV5 Global Inc. | Add +9.3% | 0.01% | −0.00 |
| ROP Roper Technologies Inc. | Add +0.1% | 1.17% | −0.00 |
| AKAM Akamai Technologies Inc. | Add +7.0% | 0.12% | −0.01 |
| CMCSA Comcast Corp. Class A | Add +4.2% | 3.78% | −0.01 |
| ACN Accenture PLC Class A | Add +4.2% | 3.22% | −0.01 |
| QLYS Qualys Inc. | Add +10.8% | 0.21% | −0.02 |
| FIVE Five Below | Add +3.0% | 0.13% | −0.02 |
| NKE Nike Inc. Class B | Add +5.7% | 1.85% | −0.24 |
| MKTX Marketaxess Holdings Inc. | Add +11.0% | 1.84% | −0.45 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 68 | $1.5B | APH, NEE, ICE, TRNO, MSFT |
| Q1 2026 | 83 | $2.0B | ICE, NEE, RMD, G, JKHY |
| Q4 2025 | 83 | $2.7B | V, ICE, G, APH, ABT |
| Q3 2025 | 80 | $2.9B | APH, V, ICE, RMD, ABT |
| Q2 2025 | 69 | $2.9B | V, ICE, ABT, RMD, APH |
| Q1 2025 | 70 | $2.9B | CBOE, V, ICE, ABT, JKHY |
| Q4 2024 | 84 | $2.6B | CBOE, V, ICE, FDS, RMD |
| Q3 2024 | 87 | $2.6B | CBOE, RMD, ICE, V, FDS |
| Q2 2024 | 81 | $2.5B | CBOE, V, ICE, ABT, FDS |
| Q1 2024 | 88 | $2.6B | CBOE, V, FDS, ABT, ICE |