Tandem Investment Advisors, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 28, 2025), Tandem Investment Advisors, Inc. reported 70 stock positions worth $2.9 billion. Its top holding was Cboe Global Markets (CBOE) at 6.4% of the portfolio, followed by Visa Class A (V, 4.9%) and Intercontinental Exchange (ICE, 4.7%). Compared with Q4 2024, it opened 4 new positions, sold out of 18, added to 36 and reduced 29. The biggest buy was Zoetis (ZTS, shares +100%) and the biggest sale JM Smucker (SJM, shares −39%).
- Most Recent 13F
- Q2 2026
- Location
- CHARLESTON, SC
- CIK
- 0001694284
- Portfolio Value
- $2.9B (Q1 2025)
- SEC Filing
- 0001694284-25-000004 ↗ filed Apr 28, 2025
Holdings Value
Holdings 70 stocks · $2.9B
| CBOE Cboe Global Markets Inc. | 6.43% | 814,459 | $184.3M | Reduce -2.0% |
| V Visa Inc. Class A | 4.90% | 400,811 | $140.5M | Reduce -2.4% |
| ICE Intercontinental Exchange Inc. | 4.75% | 788,497 | $136.0M | Reduce -3.3% |
| ABT Abbott Laboratories | 4.57% | 987,573 | $131.0M | Reduce -0.5% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 4.14% | 649,236 | $118.5M | Add +14.5% |
| G Genpact Ltd. | 3.99% | 2,270,143 | $114.4M | Add +6.6% |
| FDS Factset Research Systems Inc. | 3.97% | 250,420 | $113.9M | Add +2.5% |
| RMD Resmed Inc. | 3.94% | 504,983 | $113.0M | Add +0.6% |
| APH Amphenol Corp. Class A | 3.65% | 1,597,132 | $104.8M | Add +37.2% |
| STE Steris Ltd. | 3.57% | 450,875 | $102.2M | Add +0.5% |
| SYK Stryker Corp. | 3.54% | 272,867 | $101.6M | Reduce -0.0% |
| NEE Nextera Energy Inc. | 3.40% | 1,373,491 | $97.4M | Add +1.1% |
| MA Mastercard Inc. Class A | 3.36% | 175,760 | $96.3M | Add +3.7% |
| BRO Brown & Brown Inc. | 3.32% | 764,709 | $95.1M | Add +2.5% |
| MSFT Microsoft Corp. | 3.20% | 244,294 | $91.7M | Add +22.0% |
| ACN Accenture PLC Class A | 3.17% | 291,100 | $90.8M | Add +19.8% |
| CMCSA Comcast Corp. Class A | 2.96% | 2,296,270 | $84.7M | Add +0.3% |
| BDX Becton Dickinson and Co. | 2.91% | 364,709 | $83.5M | Reduce -1.0% |
| WTRG Essential Utilities Inc. | 2.82% | 2,045,060 | $80.8M | Add +0.9% |
| BLK BlackRock Finance Inc. | 2.45% | 74,191 | $70.2M | Add +3.3% |
| TRNO Terreno Realty Corp. | 2.42% | 1,098,733 | $69.5M | Add +1.6% |
| WCN Waste Connections Inc. | 2.42% | 354,745 | $69.2M | Reduce -3.1% |
| ZTS Zoetis Inc. | 2.27% | 395,626 | $65.1M | Add +100.3% |
| ROP Roper Technologies Inc. | 2.02% | 98,229 | $57.9M | Add +49.9% |
| RSG Republic Services Inc. | 1.90% | 224,713 | $54.4M | Reduce -3.8% |
| CHD Church & Dwight Co. Inc. | 1.90% | 493,660 | $54.3M | Add +0.0% |
| ADP Automatic Data Processing | 1.84% | 172,448 | $52.7M | Add +3.8% |
| JNJ Johnson & Johnson | 1.70% | 293,806 | $48.7M | Reduce -41.3% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 1.69% | 409,373 | $48.5M | Reduce -38.8% |
| VRSK Verisk Analytics Inc. | 1.67% | 161,273 | $48.0M | Reduce -3.5% |
| EXPD Expeditors Intl Wash Inc. | 1.52% | 361,776 | $43.5M | Reduce -2.0% |
| COST Costco Wholesale Corp. | 1.41% | 42,849 | $40.5M | Add +4.7% |
| FISV Fiserv Inc. | 0.24% | 31,645 | $7.0M | Reduce -21.1% |
| ORLY O'reilly Automotive Inc. | 0.22% | 4,353 | $6.2M | Reduce -15.1% |
| QLYS Qualys Inc. | 0.18% | 41,370 | $5.2M | Add +24.4% |
| TYL Tyler Technologies Inc. | 0.18% | 8,794 | $5.1M | Add +22.5% |
| IDXX Idexx Laboratories Inc. | 0.17% | 11,713 | $4.9M | Add +203.1% |
| ANSS Ansys Inc. | 0.16% | 14,647 | $4.6M | Add +27.1% |
| ISRG Intuitive Surgical Inc. | 0.15% | 8,738 | $4.3M | Reduce -12.2% |
| MEDP Medpace Holdings Inc. | 0.12% | 11,688 | $3.6M | New |
| PG The Procter & Gamble Co. | 0.09% | 15,510 | $2.6M | Reduce -11.9% |
| AKAM Akamai Technologies Inc. | 0.09% | 31,472 | $2.5M | Add +4.6% |
| ABBV Abbvie Inc. | 0.06% | 8,860 | $1.9M | Reduce -9.3% |
| ADBE Adobe Inc. | 0.06% | 4,477 | $1.7M | New |
| AAPL Apple Inc. | 0.05% | 6,989 | $1.6M | Reduce -3.6% |
| WMT Walmart Inc. | 0.04% | 11,980 | $1.1M | Reduce -35.4% |
| HD Home Depot Inc. | 0.03% | 2,444 | $896K | Reduce -4.0% |
| RY Royal Bank of Canada | 0.03% | 7,105 | $801K | Add +0.8% |
| TFC Truist Financial Corp. | 0.03% | 18,998 | $782K | Reduce -24.0% |
| FAST Fastenal Co. | 0.03% | 10,032 | $778K | Add +0.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.02% | 5,648 | $688K | Add +0.8% |
| KO The Coca-Cola Co. | 0.02% | 9,295 | $666K | Reduce -8.4% |
| BX Blackstone Inc. | 0.02% | 4,573 | $639K | Add +1.2% |
| EXLS Exlservice Holdings Inc. | 0.02% | 10,346 | $488K | Add +18.4% |
| META Meta Platforms Inc. Class A | 0.02% | 1,166 | $474K | New |
| MO Altria Group Inc. | 0.01% | 6,717 | $403K | Add +12.5% |
| AMZN Amazon.com Inc. | 0.01% | 1,936 | $368K | Reduce -15.1% |
| GOOG Google LLC Class C filed as ALPHABET INC CL C | 0.01% | 2,158 | $337K | Add +38.5% |
| PM Philip Morris International | 0.01% | 2,081 | $330K | Add +3.8% |
| BERKSHIRE HATHAWAY INC | 0.01% | 605 | $322K | Reduce -45.9% |
| JPM JPMorgan Chase & Co. | 0.01% | 1,222 | $300K | Reduce -49.8% |
| QDEL Quidelortho Corp. | 0.01% | 8,460 | $296K | No change |
| UNH Unitedhealth Group Inc. | 0.01% | 559 | $293K | Reduce -63.3% |
| DD Dupont DE Nemours Inc. | 0.01% | 3,912 | $292K | Add +8.9% |
| UPS United Parcel Service Class B | 0.01% | 2,442 | $269K | Add +51.4% |
| WISCONSIN ENERGY CORP | 0.01% | 2,348 | $256K | Reduce -2.1% |
| GOOGLE LLC-CL A | 0.01% | 1,553 | $240K | Add +0.5% |
| CVX Chevron Corp. | 0.01% | 1,398 | $234K | Reduce -19.8% |
| NVDA Nvidia Corp. | 0.01% | 2,107 | $228K | New |
| CTVA Corteva Inc. | 0.01% | 3,567 | $224K | Reduce -2.1% |
Portfolio Sells Q4 2024 → Q1 2025
| SJM The JM Smucker Co. | Reduce -38.8% | 1.69% | −1.10 |
| JNJ Johnson & Johnson | Reduce -41.3% | 1.70% | −1.04 |
| BDX Becton Dickinson and Co. | Reduce -1.0% | 2.91% | −0.25 |
| SYK Stryker Corp. | Reduce -0.0% | 3.54% | −0.18 |
| FISV Fiserv Inc. | Reduce -21.1% | 0.24% | −0.07 |
| VRSK Verisk Analytics Inc. | Reduce -3.5% | 1.67% | −0.07 |
| ISRG Intuitive Surgical Inc. | Reduce -12.2% | 0.15% | −0.05 |
| EXPD Expeditors Intl Wash Inc. | Reduce -2.0% | 1.52% | −0.03 |
| WMT Walmart Inc. | Reduce -35.4% | 0.04% | −0.03 |
| SEIC Sei Investments Company | Sold out | 0.00% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -11.9% | 0.09% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -63.3% | 0.01% | −0.02 |
| AAPL Apple Inc. | Reduce -3.6% | 0.05% | −0.01 |
| TFC Truist Financial Corp. | Reduce -24.0% | 0.03% | −0.01 |
| ORLY O'reilly Automotive Inc. | Reduce -15.1% | 0.22% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -49.8% | 0.01% | −0.01 |
| BF.B Brown-Forman Corp. Class B | Sold out | 0.00% | −0.01 |
| V Visa Inc. Class A | Reduce -2.4% | 4.90% | −0.01 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.01 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.01 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.01 |
| ECL Ecolab Inc. | Sold out | 0.00% | −0.01 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.01 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.01 |
| GD General Dynamics Corp. | Sold out | 0.00% | −0.01 |
| VSXY Victoria's Secret & Co. | Sold out | 0.00% | −0.01 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.01 |
| BBWI Bath & Body Works Inc. | Sold out | 0.00% | −0.01 |
| BERKSHIRE HATHAWAY INC | Reduce -45.9% | 0.01% | −0.01 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.01 |
| AME Ametek Inc. | Sold out | 0.00% | −0.01 |
| CW Curtiss-Wright Corp. | Sold out | 0.00% | −0.01 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.01 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.01 |
| ET Energy Transfer LP | Sold out | 0.00% | −0.01 |
| HD Home Depot Inc. | Reduce -4.0% | 0.03% | −0.01 |
| AMZN Amazon.com Inc. | Reduce -15.1% | 0.01% | −0.01 |
| CVX Chevron Corp. | Reduce -19.8% | 0.01% | −0.00 |
| ABBV Abbvie Inc. | Reduce -9.3% | 0.06% | −0.00 |
| KO The Coca-Cola Co. | Reduce -8.4% | 0.02% | −0.00 |
| CTVA Corteva Inc. | Reduce -2.1% | 0.01% | 0.00 |
| WISCONSIN ENERGY CORP | Reduce -2.1% | 0.01% | +0.00 |
| WCN Waste Connections Inc. | Reduce -3.1% | 2.42% | +0.04 |
| RSG Republic Services Inc. | Reduce -3.8% | 1.90% | +0.12 |
| ICE Intercontinental Exchange Inc. | Reduce -3.3% | 4.75% | +0.14 |
| CBOE Cboe Global Markets Inc. | Reduce -2.0% | 6.43% | +0.28 |
| ABT Abbott Laboratories | Reduce -0.5% | 4.57% | +0.32 |
Portfolio Buys Q4 2024 → Q1 2025
| ZTS Zoetis Inc. | Add +100.3% | 2.27% | +1.05 |
| ROP Roper Technologies Inc. | Add +49.9% | 2.02% | +0.73 |
| APH Amphenol Corp. Class A | Add +37.2% | 3.65% | +0.59 |
| G Genpact Ltd. | Add +6.6% | 3.99% | +0.53 |
| BRO Brown & Brown Inc. | Add +2.5% | 3.32% | +0.44 |
| JKHY Jack Henry & Associates Inc. | Add +14.5% | 4.14% | +0.37 |
| MEDP Medpace Holdings Inc. | New | 0.12% | +0.12 |
| IDXX Idexx Laboratories Inc. | Add +203.1% | 0.17% | +0.11 |
| STE Steris Ltd. | Add +0.5% | 3.57% | +0.07 |
| ADBE Adobe Inc. | New | 0.06% | +0.06 |
| WTRG Essential Utilities Inc. | Add +0.9% | 2.82% | +0.03 |
| TYL Tyler Technologies Inc. | Add +22.5% | 0.18% | +0.02 |
| META Meta Platforms Inc. Class A | New | 0.02% | +0.02 |
| ANSS Ansys Inc. | Add +27.1% | 0.16% | +0.01 |
| NVDA Nvidia Corp. | New | 0.01% | +0.01 |
| QLYS Qualys Inc. | Add +24.4% | 0.18% | +0.01 |
| MSFT Microsoft Corp. | Add +22.0% | 3.20% | +0.00 |
| PM Philip Morris International | Add +3.8% | 0.01% | +0.00 |
| EXLS Exlservice Holdings Inc. | Add +18.4% | 0.02% | +0.00 |
| TRNO Terreno Realty Corp. | Add +1.6% | 2.42% | +0.00 |
| MO Altria Group Inc. | Add +12.5% | 0.01% | +0.00 |
| UPS United Parcel Service Class B | Add +51.4% | 0.01% | +0.00 |
| GOOG Google LLC Class C | Add +38.5% | 0.01% | +0.00 |
| FAST Fastenal Co. | Add +0.2% | 0.03% | −0.00 |
| DD Dupont DE Nemours Inc. | Add +8.9% | 0.01% | −0.00 |
| TJX TJX Companies Inc. | Add +0.8% | 0.02% | −0.00 |
| GOOGLE LLC-CL A | Add +0.5% | 0.01% | −0.00 |
| ADP Automatic Data Processing | Add +3.8% | 1.84% | −0.00 |
| RY Royal Bank of Canada | Add +0.8% | 0.03% | −0.00 |
| COST Costco Wholesale Corp. | Add +4.7% | 1.41% | −0.01 |
| BX Blackstone Inc. | Add +1.2% | 0.02% | −0.01 |
| MA Mastercard Inc. Class A | Add +3.7% | 3.36% | −0.02 |
| AKAM Akamai Technologies Inc. | Add +4.6% | 0.09% | −0.02 |
| CHD Church & Dwight Co. Inc. | Add +0.0% | 1.90% | −0.06 |
| ACN Accenture PLC Class A | Add +19.8% | 3.17% | −0.07 |
| NEE Nextera Energy Inc. | Add +1.1% | 3.40% | −0.29 |
| CMCSA Comcast Corp. Class A | Add +0.3% | 2.96% | −0.30 |
| BLK BlackRock Finance Inc. | Add +3.3% | 2.45% | −0.34 |
| RMD Resmed Inc. | Add +0.6% | 3.94% | −0.40 |
| FDS Factset Research Systems Inc. | Add +2.5% | 3.97% | −0.47 |
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 |