Wendell David Associates Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 22, 2024), Wendell David Associates Inc. reported 163 stock positions worth $989.6 million. Its top holding was Mastercard Class A (MA) at 6.0% of the portfolio, followed by Microsoft (MSFT, 5.9%) and Apple (AAPL, 5.2%). Compared with Q4 2023, it opened 4 new positions, sold out of 3, added to 42 and reduced 78. The biggest buy was Eli Lilly (LLY, shares +0%) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- PORTSMOUTH, NH
- CIK
- 0000878228
- Portfolio Value
- $989.6M (Q1 2024)
- SEC Filing
- 0000878228-24-000004 ↗ filed Apr 22, 2024
Holdings Value
Holdings 163 stocks · $989.6M
| MA Mastercard Inc. Class A | 5.96% | 122,510 | $59.0M | Reduce -1.2% |
| MSFT Microsoft Corp. | 5.87% | 138,030 | $58.1M | Add +0.4% |
| AAPL Apple Inc. | 5.23% | 301,802 | $51.8M | Reduce -0.9% |
| ADP Automatic Data Processing | 4.78% | 189,242 | $47.3M | Reduce -0.2% |
| SYK Stryker Corp. | 4.36% | 120,582 | $43.2M | Reduce -0.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 4.13% | 402,845 | $40.9M | Reduce -0.7% |
| LLY Eli Lilly & Co. | 3.42% | 43,564 | $33.9M | Add +0.1% |
| INTU Intuit Inc. | 2.64% | 40,121 | $26.1M | Reduce -1.0% |
| ABT Abbott Laboratories | 2.60% | 225,979 | $25.7M | Add +0.4% |
| FISV Fiserv Inc. | 2.54% | 157,016 | $25.1M | Reduce -0.7% |
| MCD McDonald's Corp. | 2.21% | 77,571 | $21.9M | Reduce -0.0% |
| BR Broadridge Financial Solutio | 2.19% | 105,599 | $21.6M | Add +0.3% |
| ABBV Abbvie Inc. | 1.92% | 104,389 | $19.0M | Add +0.1% |
| DHR Danaher Corp. | 1.91% | 75,728 | $18.9M | Reduce -1.4% |
| CHD Church & Dwight Co. Inc. | 1.87% | 177,338 | $18.5M | Reduce -1.5% |
| JNJ Johnson & Johnson | 1.83% | 114,184 | $18.1M | Reduce -0.3% |
| NKE Nike Inc. Class B | 1.75% | 184,407 | $17.3M | Reduce -1.0% |
| GOOGL Alphabet Inc. Class A | 1.72% | 113,050 | $17.1M | Reduce -1.1% |
| ECL Ecolab Inc. | 1.70% | 72,654 | $16.8M | Add +3.1% |
| PEP Pepsico Inc. | 1.63% | 92,386 | $16.2M | Add +1.2% |
| MPC Marathon Petroleum Corp. | 1.58% | 77,397 | $15.6M | No change |
| NEE Nextera Energy Inc. | 1.55% | 240,114 | $15.3M | Add +2.1% |
| PG The Procter & Gamble Co. | 1.52% | 92,516 | $15.0M | Reduce -1.4% |
| FDS Factset Research Systems Inc. | 1.45% | 31,662 | $14.4M | Reduce -0.1% |
| WSO Watsco Inc. | 1.44% | 33,012 | $14.3M | Add +0.2% |
| COST Costco Wholesale Corp. | 1.35% | 18,228 | $13.4M | Reduce -0.6% |
| MKC McCormick & Co.-Non VTG SHRS | 1.21% | 155,817 | $12.0M | Reduce -2.1% |
| XOM Exxon Mobil Corp. | 1.19% | 101,550 | $11.8M | Add +0.1% |
| HD Home Depot Inc. | 1.14% | 29,418 | $11.3M | Reduce -0.2% |
| KO The Coca-Cola Co. | 1.12% | 180,498 | $11.0M | Reduce -2.8% |
| IDXX Idexx Laboratories Inc. | 1.02% | 18,679 | $10.1M | Reduce -2.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.00% | 77,222 | $9.9M | Reduce -0.3% |
| ACN Accenture PLC Class A | 0.95% | 27,249 | $9.4M | Add +3.9% |
| SHW The Sherwin-Williams Co. | 0.84% | 23,919 | $8.3M | Reduce -1.3% |
| AMT American Tower Corp. | 0.82% | 41,310 | $8.2M | Reduce -0.7% |
| QCOM Qualcomm Inc. | 0.79% | 46,278 | $7.8M | Reduce -10.2% |
| AMZN Amazon.com Inc. | 0.75% | 41,109 | $7.4M | Reduce 0.0% |
| CL Colgate-Palmolive Co. | 0.74% | 81,573 | $7.3M | Reduce -0.5% |
| MRK Merck & Co. Inc. | 0.69% | 51,549 | $6.8M | Reduce -0.3% |
| BF.B Brown-Forman Corp. Class B | 0.65% | 124,199 | $6.4M | Add +2.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.62% | 14,570 | $6.1M | Add +2.5% |
| LOW Lowe's Cos Inc. | 0.59% | 23,102 | $5.9M | Add +0.1% |
| V Visa Inc. Class A | 0.56% | 19,909 | $5.6M | Reduce -0.4% |
| SYY Sysco Corp. | 0.55% | 66,827 | $5.4M | Add +1.4% |
| WMT Walmart Inc. | 0.55% | 89,676 | $5.4M | No change |
| ORLY O'reilly Automotive Inc. | 0.52% | 4,528 | $5.1M | Add +4.3% |
| ITW Illinois Tool Works | 0.50% | 18,468 | $5.0M | Reduce -0.4% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.48% | 4,699 | $4.8M | No change |
| RTX RTX Corp. | 0.46% | 47,000 | $4.6M | Reduce -19.8% |
| PAYX Paychex Inc. | 0.43% | 34,398 | $4.2M | Reduce -13.7% |
| EMR Emerson Electric Co. | 0.42% | 36,335 | $4.1M | No change |
| FTV Fortive Corp. | 0.40% | 45,500 | $3.9M | Add +0.6% |
| APD Air Products & Chemicals Inc. | 0.39% | 15,781 | $3.8M | Reduce -4.2% |
| BDX Becton Dickinson and Co. | 0.38% | 15,115 | $3.7M | Reduce -0.7% |
| ZTS Zoetis Inc. | 0.37% | 21,717 | $3.7M | Reduce -1.8% |
| ULTA Ulta Beauty Inc. | 0.37% | 6,923 | $3.6M | Reduce -1.8% |
| UNP Union Pacific Corp. | 0.36% | 14,325 | $3.5M | Reduce -1.0% |
| BCPC Balchem Corp. | 0.34% | 21,477 | $3.3M | No change |
| AMGN Amgen Inc. | 0.33% | 11,448 | $3.3M | Add +0.2% |
| PFF iShares Preferred & Income S | 0.32% | 99,062 | $3.2M | Reduce -24.5% |
| EW Edwards Lifesciences Corp. | 0.32% | 32,885 | $3.1M | Reduce -3.6% |
| HON Honeywell International Inc. | 0.31% | 14,800 | $3.0M | Reduce -1.7% |
| FAST Fastenal Co. | 0.31% | 39,200 | $3.0M | No change |
| DE Deere & Co. | 0.30% | 7,346 | $3.0M | Reduce -6.7% |
| ADI Analog Devices Inc. | 0.30% | 14,901 | $2.9M | Reduce -1.7% |
| ISRG Intuitive Surgical Inc. | 0.29% | 7,275 | $2.9M | No change |
| CSCO Cisco Systems Inc. | 0.27% | 54,049 | $2.7M | Reduce -1.1% |
| LMT Lockheed Martin Corp. | 0.27% | 5,852 | $2.7M | Add +10.8% |
| SBUX Starbucks Corp. | 0.26% | 28,683 | $2.6M | Add +2.3% |
| VZ Verizon Communications Inc. | 0.25% | 59,672 | $2.5M | Reduce -8.8% |
| TMO Thermo Fisher Scientific Inc. | 0.24% | 4,087 | $2.4M | Reduce -0.6% |
| HSY The Hershey Co. | 0.20% | 10,091 | $2.0M | Reduce -1.1% |
| EXPD Expeditors Intl Wash Inc. | 0.19% | 15,615 | $1.9M | No change |
| PPG PPG Industries Inc. | 0.18% | 12,528 | $1.8M | Add +0.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.17% | 8,587 | $1.6M | Add +0.3% |
| PFE Pfizer Inc. | 0.16% | 57,893 | $1.6M | Reduce -4.0% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.15% | 8,469 | $1.5M | Add +0.2% |
| INTC Intel Corp. | 0.14% | 31,136 | $1.4M | Reduce -3.1% |
| VLTO Veralto Corp. | 0.13% | 14,511 | $1.3M | Reduce -35.7% |
| NVDA Nvidia Corp. | 0.12% | 1,367 | $1.2M | Reduce -4.7% |
| CVX Chevron Corp. | 0.12% | 7,769 | $1.2M | Reduce -0.4% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.12% | 7,875 | $1.2M | Reduce -6.0% |
| POOL Pool Corp. | 0.12% | 2,861 | $1.2M | Reduce -47.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.11% | 8,780 | $1.1M | Reduce -3.6% |
| BMY Bristol-Myers Squibb Co. | 0.11% | 19,724 | $1.1M | Reduce -1.1% |
| GILD Gilead Sciences Inc. | 0.11% | 14,460 | $1.1M | No change |
| CARR Carrier Global Corp. | 0.11% | 18,018 | $1.0M | Add +0.5% |
| PM Philip Morris International | 0.10% | 11,257 | $1.0M | Reduce -0.4% |
| NSC Norfolk Southern Corp. | 0.10% | 4,025 | $1.0M | Add +1.5% |
| CASY Casey's General Stores Inc. | 0.10% | 3,200 | $1.0M | New |
| MMM 3M Co. | 0.10% | 9,169 | $973K | No change |
| MRO Marathon Oil Corp. | 0.10% | 33,588 | $952K | No change |
| NOC Northrop Grumman Corp. | 0.10% | 1,972 | $944K | Add +2.0% |
| ROST Ross Stores Inc. | 0.10% | 6,430 | $944K | No change |
| JPM JPMorgan Chase & Co. | 0.09% | 4,572 | $916K | Add +0.6% |
| FBIN Fortune Brands Innovations I | 0.09% | 10,347 | $876K | No change |
| FLO Flowers Foods Inc. | 0.09% | 36,075 | $857K | Reduce -4.0% |
| HPQ HP Inc. | 0.08% | 27,700 | $837K | No change |
| K Kellanova | 0.08% | 14,100 | $808K | No change |
| CI Cigna Holding Co. filed as CIGNA CORP | 0.08% | 2,187 | $794K | New |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -0.9% | 5.23% | −1.09 |
| NKE Nike Inc. Class B | Reduce -1.0% | 1.75% | −0.43 |
| MCD McDonald's Corp. | Reduce -0.0% | 2.21% | −0.27 |
| FDS Factset Research Systems Inc. | Reduce -0.1% | 1.45% | −0.18 |
| AMT American Tower Corp. | Reduce -0.7% | 0.82% | −0.14 |
| IDXX Idexx Laboratories Inc. | Reduce -2.1% | 1.02% | −0.12 |
| PFF iShares Preferred & Income S | Reduce -24.5% | 0.32% | −0.12 |
| POOL Pool Corp. | Reduce -47.1% | 0.12% | −0.12 |
| JNJ Johnson & Johnson | Reduce -0.3% | 1.83% | −0.11 |
| APD Air Products & Chemicals Inc. | Reduce -4.2% | 0.39% | −0.10 |
| ZTS Zoetis Inc. | Reduce -1.8% | 0.37% | −0.10 |
| INTU Intuit Inc. | Reduce -1.0% | 2.64% | −0.09 |
| PAYX Paychex Inc. | Reduce -13.7% | 0.43% | −0.08 |
| VLTO Veralto Corp. | Reduce -35.7% | 0.13% | −0.07 |
| RTX RTX Corp. | Reduce -19.8% | 0.46% | −0.07 |
| KO The Coca-Cola Co. | Reduce -2.8% | 1.12% | −0.06 |
| PGR Progressive Corp. | Sold out | 0.00% | −0.05 |
| PRU Prudential Financial Inc. | Reduce -70.8% | 0.02% | −0.05 |
| INTC Intel Corp. | Reduce -3.1% | 0.14% | −0.04 |
| DE Deere & Co. | Reduce -6.7% | 0.30% | −0.03 |
| HON Honeywell International Inc. | Reduce -1.7% | 0.31% | −0.03 |
| UNP Union Pacific Corp. | Reduce -1.0% | 0.36% | −0.03 |
| ADI Analog Devices Inc. | Reduce -1.7% | 0.30% | −0.03 |
| CSCO Cisco Systems Inc. | Reduce -1.1% | 0.27% | −0.02 |
| PFE Pfizer Inc. | Reduce -4.0% | 0.16% | −0.02 |
| ITW Illinois Tool Works | Reduce -0.4% | 0.50% | −0.02 |
| BDX Becton Dickinson and Co. | Reduce -0.7% | 0.38% | −0.02 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.02 |
| CTSH Cognizant Tech Solutions-A | Sold out | 0.00% | −0.02 |
| CTAS Cintas Corp. | Reduce -49.1% | 0.03% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -8.8% | 0.25% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -10.2% | 0.79% | −0.01 |
| PM Philip Morris International | Reduce -0.4% | 0.10% | −0.01 |
| PANW Palo Alto Networks Inc. | Reduce -7.3% | 0.05% | −0.01 |
| EL Estee Lauder Companies Class A | Reduce -6.0% | 0.12% | −0.01 |
| ADBE Adobe Inc. | Reduce -3.4% | 0.03% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -7.1% | 0.04% | −0.01 |
| TROW T Rowe Price Group Inc. | Reduce -25.9% | 0.03% | −0.01 |
| HSY The Hershey Co. | Reduce -1.1% | 0.20% | −0.01 |
| ULTA Ulta Beauty Inc. | Reduce -1.8% | 0.37% | −0.01 |
| RBC RBC Bearings Inc. | Reduce -3.7% | 0.04% | −0.01 |
| EOG EOG Resources Inc. | Reduce -7.7% | 0.06% | −0.01 |
| TMUS T-Mobile US Inc. | Reduce -12.2% | 0.03% | −0.01 |
| CVS CVS Health Corp. | Reduce -6.2% | 0.04% | −0.01 |
| DUK Duke Energy Corp. | Reduce -3.3% | 0.05% | −0.01 |
| USB US Bancorp | Reduce -15.4% | 0.02% | −0.00 |
| MCHP Microchip Technology Inc. | Reduce -11.8% | 0.02% | −0.00 |
| FLO Flowers Foods Inc. | Reduce -4.0% | 0.09% | −0.00 |
| DHR Danaher Corp. | Reduce -1.4% | 1.91% | −0.00 |
| BMY Bristol-Myers Squibb Co. | Reduce -1.1% | 0.11% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| LLY Eli Lilly & Co. | Add +0.1% | 3.42% | +0.69 |
| MSFT Microsoft Corp. | Add +0.4% | 5.87% | +0.30 |
| ECL Ecolab Inc. | Add +3.1% | 1.70% | +0.19 |
| ABBV Abbvie Inc. | Add +0.1% | 1.92% | +0.18 |
| CASY Casey's General Stores Inc. | New | 0.10% | +0.10 |
| XOM Exxon Mobil Corp. | Add +0.1% | 1.19% | +0.10 |
| CI Cigna Holding Co. | New | 0.08% | +0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.5% | 0.62% | +0.07 |
| ORLY O'reilly Automotive Inc. | Add +4.3% | 0.52% | +0.07 |
| LOW Lowe's Cos Inc. | Add +0.1% | 0.59% | +0.04 |
| FTV Fortive Corp. | Add +0.6% | 0.40% | +0.04 |
| SYY Sysco Corp. | Add +1.4% | 0.55% | +0.03 |
| PSX Phillips 66 | New | 0.02% | +0.02 |
| GD General Dynamics Corp. | New | 0.02% | +0.02 |
| WSM Williams-Sonoma Inc. | Add +0.7% | 0.06% | +0.02 |
| IBM Intl Business Machines Corp. | Add +0.3% | 0.17% | +0.01 |
| NEE Nextera Energy Inc. | Add +2.1% | 1.55% | +0.01 |
| LMT Lockheed Martin Corp. | Add +10.8% | 0.27% | +0.01 |
| GE General Electric | Add +2.4% | 0.04% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +0.6% | 0.09% | +0.01 |
| TSCO Tractor Supply Company | Add +1.7% | 0.06% | +0.01 |
| ASML ASML Holding NV-NY Reg SHS | Add +6.7% | 0.03% | +0.01 |
| ETN Eaton Corp. PLC | Add +4.0% | 0.03% | +0.01 |
| COP Conocophillips | Add +5.4% | 0.06% | +0.00 |
| GOOG Alphabet Inc. Class C | Add +12.9% | 0.03% | +0.00 |
| WM Waste Management Inc. | Add +0.2% | 0.03% | +0.00 |
| NSC Norfolk Southern Corp. | Add +1.5% | 0.10% | +0.00 |
| RSG Republic Services Inc. | Add +2.1% | 0.03% | +0.00 |
| EQIX Equinix Inc. | Add +7.6% | 0.06% | +0.00 |
| EFX Equifax Inc. | Add +1.0% | 0.03% | +0.00 |
| CSX CSX Corp. | Add +0.6% | 0.07% | +0.00 |
| GIS General Mills Inc. | Add +0.8% | 0.04% | +0.00 |
| JKHY Jack Henry & Associates Inc. | Add +0.2% | 0.15% | −0.00 |
| TXN Texas Instruments Inc. | Add +2.4% | 0.03% | −0.00 |
| NOC Northrop Grumman Corp. | Add +2.0% | 0.10% | −0.00 |
| MDLZ Mondelez International Inc. Class A | Add +1.6% | 0.05% | −0.00 |
| CARR Carrier Global Corp. | Add +0.5% | 0.11% | −0.01 |
| PPG PPG Industries Inc. | Add +0.6% | 0.18% | −0.02 |
| SBUX Starbucks Corp. | Add +2.3% | 0.26% | −0.03 |
| AMGN Amgen Inc. | Add +0.2% | 0.33% | −0.03 |
| PEP Pepsico Inc. | Add +1.2% | 1.63% | −0.04 |
| ACN Accenture PLC Class A | Add +3.9% | 0.95% | −0.04 |
| ABT Abbott Laboratories | Add +0.4% | 2.60% | −0.07 |
| WSO Watsco Inc. | Add +0.2% | 1.44% | −0.08 |
| BF.B Brown-Forman Corp. Class B | Add +2.9% | 0.65% | −0.09 |
| BR Broadridge Financial Solutio | Add +0.3% | 2.19% | −0.15 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 155 | $946.7M | AAPL, MA, TJX, LLY, MSFT |
| Q1 2026 | 151 | $918.9M | AAPL, TJX, MA, MSFT, LLY |
| Q4 2025 | 149 | $984.3M | AAPL, MSFT, MA, TJX, LLY |
| Q3 2025 | 149 | $1.0B | MSFT, AAPL, MA, TJX, ADP |
| Q2 2025 | 147 | $994.3M | MSFT, MA, AAPL, ADP, TJX |
| Q1 2025 | 151 | $1.0B | AAPL, MA, ADP, MSFT, TJX |
| Q4 2024 | 154 | $1.0B | AAPL, MA, MSFT, ADP, TJX |
| Q3 2024 | 160 | $1.0B | AAPL, MA, MSFT, ADP, TJX |
| Q2 2024 | 159 | $981.4M | AAPL, MSFT, MA, ADP, TJX |
| Q1 2024 | 163 | $989.6M | MA, MSFT, AAPL, ADP, SYK |