Wendell David Associates Inc.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 22, 2024), Wendell David Associates Inc. reported 159 stock positions worth $981.4 million. Its top holding was Apple (AAPL) at 6.5% of the portfolio, followed by Microsoft (MSFT, 6.3%) and Mastercard Class A (MA, 5.5%). Compared with Q1 2024, it opened 3 new positions, sold out of 7, added to 35 and reduced 57. The biggest buy was Microsoft (MSFT, shares +0%) and the biggest sale Mastercard Class A (MA, shares −0%).

Most Recent 13F
Q2 2026
Location
PORTSMOUTH, NH
CIK
0000878228
Portfolio Value
$981.4M (Q2 2024)
SEC Filing
0000878228-24-000006 ↗ filed Jul 22, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $989.6M Q1 2024 Q2 2024: $981.4M $981.4M Q2 2024 Q3 2024: $1.0B Q3 2024 Q4 2024: $1.0B Q4 2024 Q1 2025: $1.0B Q1 2025 Q2 2025: $994.3M Q2 2025 Q3 2025: $1.0B Q3 2025 Q4 2025: $984.3M Q4 2025 Q1 2026: $918.9M Q1 2026 Q2 2026: $946.7M Q2 2026

Holdings 159 stocks · $981.4M
AAPL Apple Inc. 6.47% 301,595 $63.5M Reduce -0.1%
MSFT Microsoft Corp. 6.29% 138,202 $61.8M Add +0.1%
MA Mastercard Inc. Class A 5.50% 122,388 $54.0M Reduce -0.1%
ADP Automatic Data Processing 4.60% 189,265 $45.2M Add +0.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 4.52% 402,844 $44.4M Reduce 0.0%
SYK Stryker Corp. 4.18% 120,593 $41.0M Add +0.0%
LLY Eli Lilly & Co. 4.00% 43,369 $39.3M Reduce -0.5%
INTU Intuit Inc. 2.68% 39,956 $26.3M Reduce -0.4%
ABT Abbott Laboratories 2.38% 224,375 $23.3M Reduce -0.7%
FISV Fiserv Inc. 2.36% 155,456 $23.2M Reduce -1.0%
BR Broadridge Financial Solutio 2.13% 106,098 $20.9M Add +0.5%
GOOGL Alphabet Inc. Class A 2.08% 111,960 $20.4M Reduce -1.0%
MCD McDonald's Corp. 2.01% 77,280 $19.7M Reduce -0.4%
DHR Danaher Corp. 1.93% 75,753 $18.9M Add +0.0%
CHD Church & Dwight Co. Inc. 1.86% 175,713 $18.2M Reduce -0.9%
ABBV Abbvie Inc. 1.83% 104,501 $17.9M Add +0.1%
ECL Ecolab Inc. 1.81% 74,441 $17.7M Add +2.5%
NEE Nextera Energy Inc. 1.78% 247,321 $17.5M Add +3.0%
JNJ Johnson & Johnson 1.70% 114,259 $16.7M Add +0.1%
PEP Pepsico Inc. 1.58% 93,746 $15.5M Add +1.5%
COST Costco Wholesale Corp. 1.57% 18,083 $15.4M Reduce -0.8%
PG The Procter & Gamble Co. 1.56% 93,016 $15.3M Add +0.5%
WSO Watsco Inc. 1.56% 33,067 $15.3M Add +0.2%
NKE Nike Inc. Class B 1.40% 182,287 $13.7M Reduce -1.1%
MPC Marathon Petroleum Corp. 1.37% 77,397 $13.4M No change
FDS Factset Research Systems Inc. 1.31% 31,447 $12.8M Reduce -0.7%
XOM Exxon Mobil Corp. 1.19% 101,500 $11.7M Reduce -0.1%
KO The Coca-Cola Co. 1.17% 179,698 $11.4M Reduce -0.4%
MKC McCormick & Co.-Non VTG SHRS 1.14% 157,225 $11.2M Add +0.9%
NVO Novo-Nordisk A/S-Spons ADR 1.12% 77,122 $11.0M Reduce -0.1%
HD Home Depot Inc. 1.03% 29,493 $10.2M Add +0.3%
IDXX Idexx Laboratories Inc. 0.93% 18,749 $9.1M Add +0.4%
ACN Accenture PLC Class A 0.89% 28,638 $8.7M Add +5.1%
QCOM Qualcomm Inc. 0.87% 42,813 $8.5M Reduce -7.5%
CL Colgate-Palmolive Co. 0.81% 81,847 $7.9M Add +0.3%
AMZN Amazon.com Inc. 0.81% 41,074 $7.9M Reduce -0.1%
AMT American Tower Corp. 0.81% 40,707 $7.9M Reduce -1.5%
SHW The Sherwin-Williams Co. 0.73% 23,919 $7.1M No change
MRK Merck & Co. Inc. 0.65% 51,499 $6.4M Reduce -0.1%
WMT Walmart Inc. 0.62% 89,676 $6.1M No change
BRK.B Berkshire Hathaway Inc. Class B 0.61% 14,665 $6.0M Add +0.7%
BF.B Brown-Forman Corp. Class B 0.56% 127,816 $5.5M Add +2.9%
V Visa Inc. Class A 0.53% 19,800 $5.2M Reduce -0.6%
LOW Lowe's Cos Inc. 0.52% 23,102 $5.1M No change
SYY Sysco Corp. 0.49% 67,800 $4.8M Add +1.5%
ORLY O'reilly Automotive Inc. 0.48% 4,443 $4.7M Reduce -1.9%
RTX RTX Corp. 0.47% 45,925 $4.6M Reduce -2.3%
ITW Illinois Tool Works 0.45% 18,468 $4.4M No change
PAYX Paychex Inc. 0.42% 34,398 $4.1M No change
APD Air Products & Chemicals Inc. 0.41% 15,781 $4.1M No change
EMR Emerson Electric Co. 0.41% 36,335 $4.0M No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.40% 4,379 $4.0M Reduce -6.8%
AMGN Amgen Inc. 0.36% 11,423 $3.6M Reduce -0.2%
ZTS Zoetis Inc. 0.36% 20,452 $3.5M Reduce -5.8%
BDX Becton Dickinson and Co. 0.35% 14,495 $3.4M Reduce -4.1%
ADI Analog Devices Inc. 0.34% 14,836 $3.4M Reduce -0.4%
FTV Fortive Corp. 0.34% 45,050 $3.3M Reduce -1.0%
ISRG Intuitive Surgical Inc. 0.33% 7,275 $3.2M No change
UNP Union Pacific Corp. 0.33% 14,195 $3.2M Reduce -0.9%
BCPC Balchem Corp. 0.33% 20,777 $3.2M Reduce -3.3%
HON Honeywell International Inc. 0.32% 14,800 $3.2M No change
EW Edwards Lifesciences Corp. 0.29% 31,285 $2.9M Reduce -4.9%
LMT Lockheed Martin Corp. 0.29% 6,164 $2.9M Add +5.3%
DE Deere & Co. 0.28% 7,246 $2.7M Reduce -1.4%
CSCO Cisco Systems Inc. 0.26% 53,918 $2.6M Reduce -0.2%
PFF iShares Preferred & Income S 0.26% 79,450 $2.5M Reduce -19.8%
FAST Fastenal Co. 0.25% 39,200 $2.5M No change
TMO Thermo Fisher Scientific Inc. 0.23% 4,120 $2.3M Add +0.8%
CASY Casey's General Stores Inc. 0.21% 5,285 $2.0M Add +65.2%
EXPD Expeditors Intl Wash Inc. 0.20% 15,615 $1.9M No change
SBUX Starbucks Corp. 0.20% 24,877 $1.9M Reduce -13.3%
NVDA Nvidia Corp. 0.19% 14,872 $1.8M Add +8.8%
VZ Verizon Communications Inc. 0.18% 42,522 $1.8M Reduce -28.7%
PFE Pfizer Inc. 0.17% 58,293 $1.6M Add +0.7%
PPG PPG Industries Inc. 0.16% 12,528 $1.6M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.15% 8,537 $1.5M Reduce -0.6%
ULTA Ulta Beauty Inc. 0.15% 3,823 $1.5M Reduce -44.8%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.14% 8,469 $1.4M No change
VLTO Veralto Corp. 0.13% 13,711 $1.3M Reduce -5.5%
CVX Chevron Corp. 0.12% 7,769 $1.2M No change
HSY The Hershey Co. 0.12% 6,251 $1.1M Reduce -38.0%
PM Philip Morris International 0.12% 11,207 $1.1M Reduce -0.4%
CARR Carrier Global Corp. 0.11% 17,668 $1.1M Reduce -1.9%
GILD Gilead Sciences Inc. 0.10% 14,460 $992K No change
HPQ HP Inc. 0.10% 27,700 $970K No change
MRO Marathon Oil Corp. 0.10% 33,588 $963K No change
ROST Ross Stores Inc. 0.10% 6,510 $946K Add +1.2%
JPM JPMorgan Chase & Co. 0.09% 4,522 $915K Reduce -1.1%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.09% 3,523 $913K New
MMM 3M Co. 0.09% 8,536 $872K Reduce -6.9%
NSC Norfolk Southern Corp. 0.09% 4,025 $864K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.09% 8,690 $863K Reduce -1.0%
NOC Northrop Grumman Corp. 0.09% 1,972 $859K No change
BMY Bristol-Myers Squibb Co. 0.08% 19,724 $819K No change
K Kellanova 0.08% 14,100 $813K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.08% 20,385 $811K No change
FLO Flowers Foods Inc. 0.08% 36,075 $801K No change
CI Cigna Holding Co. filed as CIGNA CORP 0.07% 2,187 $723K No change
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.07% 6,795 $723K Reduce -13.7%
FBIN Fortune Brands Innovations I 0.07% 10,347 $672K No change

Show all 159 holdings

Portfolio Sells Q1 2024 → Q2 2024
MA Mastercard Inc. Class A Reduce -0.1% 5.50% −0.46
NKE Nike Inc. Class B Reduce -1.1% 1.40% −0.35
ABT Abbott Laboratories Reduce -0.7% 2.38% −0.22
ULTA Ulta Beauty Inc. Reduce -44.8% 0.15% −0.22
MCD McDonald's Corp. Reduce -0.4% 2.01% −0.20
FISV Fiserv Inc. Reduce -1.0% 2.36% −0.17
FDS Factset Research Systems Inc. Reduce -0.7% 1.31% −0.15
HSY The Hershey Co. Reduce -38.0% 0.12% −0.08
GWW WW Grainger Inc. Reduce -6.8% 0.40% −0.08
POOL Pool Corp. Reduce -57.9% 0.04% −0.08
VZ Verizon Communications Inc. Reduce -28.7% 0.18% −0.07
INTC Intel Corp. Reduce -32.5% 0.07% −0.07
SBUX Starbucks Corp. Reduce -13.3% 0.20% −0.07
PFF iShares Preferred & Income S Reduce -19.8% 0.26% −0.07
FTV Fortive Corp. Reduce -1.0% 0.34% −0.06
EL Estee Lauder Companies Class A Reduce -13.7% 0.07% −0.05
ORLY O'reilly Automotive Inc. Reduce -1.9% 0.48% −0.04
MRK Merck & Co. Inc. Reduce -0.1% 0.65% −0.04
WELL Welltower Inc. Sold out 0.00% −0.04
ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −0.03
VMRK Vivmark Residential Sold out 0.00% −0.03
BDX Becton Dickinson and Co. Reduce -4.1% 0.35% −0.03
V Visa Inc. Class A Reduce -0.6% 0.53% −0.03
DE Deere & Co. Reduce -1.4% 0.28% −0.03
UNP Union Pacific Corp. Reduce -0.9% 0.33% −0.03
WY Weyerhaeuser Co. Sold out 0.00% −0.02
EW Edwards Lifesciences Corp. Reduce -4.9% 0.29% −0.02
PSX Phillips 66 Sold out 0.00% −0.02
USB US Bancorp Sold out 0.00% −0.02
CNMD Conmed Corp. Sold out 0.00% −0.02
DIS The Walt Disney Co. Reduce -1.0% 0.09% −0.02
AMT American Tower Corp. Reduce -1.5% 0.81% −0.02
CVS CVS Health Corp. Reduce -18.2% 0.03% −0.02
IBM Intl Business Machines Corp. Reduce -0.6% 0.15% −0.02
CHD Church & Dwight Co. Inc. Reduce -0.9% 1.86% −0.01
CAT Caterpillar Inc. Reduce -12.7% 0.05% −0.01
CSCO Cisco Systems Inc. Reduce -0.2% 0.26% −0.01
BCPC Balchem Corp. Reduce -3.3% 0.33% −0.01
CMI Cummins Inc. Reduce -19.6% 0.03% −0.01
ZTS Zoetis Inc. Reduce -5.8% 0.36% −0.01
MMM 3M Co. Reduce -6.9% 0.09% −0.01
WSM Williams-Sonoma Inc. Reduce -5.0% 0.06% −0.01
ADBE Adobe Inc. Reduce -22.8% 0.02% −0.00
XOM Exxon Mobil Corp. Reduce -0.1% 1.19% −0.00
WM Waste Management Inc. Reduce -1.4% 0.03% −0.00
RSG Republic Services Inc. Reduce -1.8% 0.03% +0.00
JPM JPMorgan Chase & Co. Reduce -1.1% 0.09% +0.00
T AT&T Inc. Reduce -4.2% 0.04% +0.00
VLTO Veralto Corp. Reduce -5.5% 0.13% +0.00
RTX RTX Corp. Reduce -2.3% 0.47% +0.01

Portfolio Buys Q1 2024 → Q2 2024
MSFT Microsoft Corp. Add +0.1% 6.29% +0.43
NEE Nextera Energy Inc. Add +3.0% 1.78% +0.23
WSO Watsco Inc. Add +0.2% 1.56% +0.12
ECL Ecolab Inc. Add +2.5% 1.81% +0.11
CASY Casey's General Stores Inc. Add +65.2% 0.21% +0.10
AJG Arthur J Gallagher & Co. New 0.09% +0.09
CL Colgate-Palmolive Co. Add +0.3% 0.81% +0.07
NVDA Nvidia Corp. Add +8.8% 0.19% +0.06
PG The Procter & Gamble Co. Add +0.5% 1.56% +0.05
LMT Lockheed Martin Corp. Add +5.3% 0.29% +0.02
AVGO Broadcom Inc. New 0.02% +0.02
TT Trane Technologies PLC New 0.02% +0.02
DHR Danaher Corp. Add +0.0% 1.93% +0.02
PANW Palo Alto Networks Inc. Add +8.5% 0.06% +0.01
APH Amphenol Corp. Class A Add +4.9% 0.07% +0.01
EQIX Equinix Inc. Add +29.9% 0.07% +0.01
HEI Heico Corp. Add +3.5% 0.05% +0.01
CTAS Cintas Corp. Add +16.5% 0.03% +0.01
MCHP Microchip Technology Inc. Add +14.4% 0.03% +0.00
PFE Pfizer Inc. Add +0.7% 0.17% +0.00
RBC RBC Bearings Inc. Add +3.9% 0.04% +0.00
ROST Ross Stores Inc. Add +1.2% 0.10% +0.00
LIN Linde PLC Add +5.2% 0.05% +0.00
AME Ametek Inc. Add +7.6% 0.04% −0.00
TMO Thermo Fisher Scientific Inc. Add +0.8% 0.23% −0.01
BRK.B Berkshire Hathaway Inc. Class B Add +0.7% 0.61% −0.01
SYY Sysco Corp. Add +1.5% 0.49% −0.06
BR Broadridge Financial Solutio Add +0.5% 2.13% −0.06
PEP Pepsico Inc. Add +1.5% 1.58% −0.06
ACN Accenture PLC Class A Add +5.1% 0.89% −0.07
MKC McCormick & Co.-Non VTG SHRS Add +0.9% 1.14% −0.07
BF.B Brown-Forman Corp. Class B Add +2.9% 0.56% −0.09
IDXX Idexx Laboratories Inc. Add +0.4% 0.93% −0.09
ABBV Abbvie Inc. Add +0.1% 1.83% −0.09
HD Home Depot Inc. Add +0.3% 1.03% −0.11
JNJ Johnson & Johnson Add +0.1% 1.70% −0.12
ADP Automatic Data Processing Add +0.0% 4.60% −0.17
SYK Stryker Corp. Add +0.0% 4.18% −0.18

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 155$946.7MAAPL, MA, TJX, LLY, MSFT
Q1 2026 151$918.9MAAPL, TJX, MA, MSFT, LLY
Q4 2025 149$984.3MAAPL, MSFT, MA, TJX, LLY
Q3 2025 149$1.0BMSFT, AAPL, MA, TJX, ADP
Q2 2025 147$994.3MMSFT, MA, AAPL, ADP, TJX
Q1 2025 151$1.0BAAPL, MA, ADP, MSFT, TJX
Q4 2024 154$1.0BAAPL, MA, MSFT, ADP, TJX
Q3 2024 160$1.0BAAPL, MA, MSFT, ADP, TJX
Q2 2024 159$981.4MAAPL, MSFT, MA, ADP, TJX
Q1 2024 163$989.6MMA, MSFT, AAPL, ADP, SYK