Wendell David Associates Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 21, 2024), Wendell David Associates Inc. reported 160 stock positions worth $1.0 billion. Its top holding was Apple (AAPL) at 6.7% of the portfolio, followed by Mastercard Class A (MA, 5.8%) and Microsoft (MSFT, 5.7%). Compared with Q2 2024, it opened 4 new positions, sold out of 3, added to 28 and reduced 65. The biggest buy was Nextera Energy (NEE, shares +2%) and the biggest sale Eli Lilly (LLY, shares −0%).

Most Recent 13F
Q2 2026
Location
PORTSMOUTH, NH
CIK
0000878228
Portfolio Value
$1.0B (Q3 2024)
SEC Filing
0000878228-24-000011 ↗ filed Oct 21, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $989.6M Q1 2024 Q2 2024: $981.4M Q2 2024 Q3 2024: $1.0B $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 160 stocks · $1.0B
AAPL Apple Inc. 6.69% 300,428 $70.0M Reduce -0.4%
MA Mastercard Inc. Class A 5.76% 122,019 $60.3M Reduce -0.3%
MSFT Microsoft Corp. 5.74% 139,357 $60.0M Add +0.8%
ADP Automatic Data Processing 5.00% 188,998 $52.3M Reduce -0.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 4.49% 399,851 $47.0M Reduce -0.7%
SYK Stryker Corp. 4.17% 120,668 $43.6M Add +0.1%
LLY Eli Lilly & Co. 3.67% 43,365 $38.4M Reduce -0.0%
ABT Abbott Laboratories 2.44% 223,540 $25.5M Reduce -0.4%
INTU Intuit Inc. 2.38% 39,999 $24.8M Add +0.1%
FISV Fiserv Inc. 2.35% 136,595 $24.5M Reduce -12.1%
MCD McDonald's Corp. 2.24% 76,755 $23.4M Reduce -0.7%
BR Broadridge Financial Solutio 2.18% 106,157 $22.8M Add +0.1%
NEE Nextera Energy Inc. 2.05% 253,081 $21.4M Add +2.3%
DHR Danaher Corp. 1.98% 74,363 $20.7M Reduce -1.8%
ABBV Abbvie Inc. 1.96% 104,001 $20.5M Reduce -0.5%
ECL Ecolab Inc. 1.85% 75,608 $19.3M Add +1.6%
GOOGL Alphabet Inc. Class A 1.77% 111,640 $18.5M Reduce -0.3%
CHD Church & Dwight Co. Inc. 1.75% 174,845 $18.3M Reduce -0.5%
JNJ Johnson & Johnson 1.74% 112,330 $18.2M Reduce -1.7%
PG The Procter & Gamble Co. 1.55% 93,440 $16.2M Add +0.5%
COST Costco Wholesale Corp. 1.53% 18,055 $16.0M Reduce -0.1%
WSO Watsco Inc. 1.53% 32,447 $16.0M Reduce -1.9%
NKE Nike Inc. Class B 1.49% 176,502 $15.6M Reduce -3.2%
PEP Pepsico Inc. 1.44% 88,631 $15.1M Reduce -5.5%
FDS Factset Research Systems Inc. 1.35% 30,687 $14.1M Reduce -2.4%
MKC McCormick & Co.-Non VTG SHRS 1.29% 163,545 $13.5M Add +4.0%
KO The Coca-Cola Co. 1.23% 179,657 $12.9M Reduce -0.0%
MPC Marathon Petroleum Corp. 1.21% 77,660 $12.7M Add +0.3%
XOM Exxon Mobil Corp. 1.12% 100,240 $11.8M Reduce -1.2%
HD Home Depot Inc. 1.11% 28,638 $11.6M Reduce -2.9%
ACN Accenture PLC Class A 0.95% 28,123 $9.9M Reduce -1.8%
AMT American Tower Corp. 0.90% 40,644 $9.5M Reduce -0.1%
NVO Novo-Nordisk A/S-Spons ADR 0.87% 76,622 $9.1M Reduce -0.7%
SHW The Sherwin-Williams Co. 0.86% 23,504 $9.0M Reduce -1.7%
IDXX Idexx Laboratories Inc. 0.83% 17,252 $8.7M Reduce -8.0%
CL Colgate-Palmolive Co. 0.82% 82,184 $8.5M Add +0.4%
AMZN Amazon.com Inc. 0.73% 41,134 $7.7M Add +0.1%
BF.B Brown-Forman Corp. Class B 0.70% 147,853 $7.3M Add +15.7%
QCOM Qualcomm Inc. 0.69% 42,613 $7.2M Reduce -0.5%
WMT Walmart Inc. 0.69% 88,851 $7.2M Reduce -0.9%
BRK.B Berkshire Hathaway Inc. Class B 0.65% 14,790 $6.8M Add +0.8%
LOW Lowe's Cos Inc. 0.59% 22,717 $6.2M Reduce -1.7%
MRK Merck & Co. Inc. 0.56% 51,499 $5.8M No change
RTX RTX Corp. 0.54% 46,194 $5.6M Add +0.6%
V Visa Inc. Class A 0.53% 20,230 $5.6M Add +2.2%
SYY Sysco Corp. 0.51% 67,800 $5.3M No change
ORLY O'reilly Automotive Inc. 0.49% 4,433 $5.1M Reduce -0.2%
ITW Illinois Tool Works 0.46% 18,238 $4.8M Reduce -1.3%
APD Air Products & Chemicals Inc. 0.45% 15,881 $4.7M Add +0.6%
PAYX Paychex Inc. 0.44% 34,348 $4.6M Reduce -0.1%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.43% 4,354 $4.5M Reduce -0.6%
LMT Lockheed Martin Corp. 0.40% 7,071 $4.1M Add +14.7%
EMR Emerson Electric Co. 0.37% 35,635 $3.9M Reduce -1.9%
AMGN Amgen Inc. 0.36% 11,547 $3.7M Add +1.1%
BCPC Balchem Corp. 0.35% 20,777 $3.7M No change
ISRG Intuitive Surgical Inc. 0.34% 7,275 $3.6M No change
BDX Becton Dickinson and Co. 0.33% 14,495 $3.5M No change
ADI Analog Devices Inc. 0.33% 14,836 $3.4M No change
HON Honeywell International Inc. 0.29% 14,735 $3.0M Reduce -0.4%
CSCO Cisco Systems Inc. 0.27% 53,918 $2.9M No change
DE Deere & Co. 0.27% 6,746 $2.8M Reduce -6.9%
FAST Fastenal Co. 0.27% 39,200 $2.8M No change
UNP Union Pacific Corp. 0.26% 10,995 $2.7M Reduce -22.5%
TMO Thermo Fisher Scientific Inc. 0.25% 4,296 $2.7M Add +4.3%
EQIX Equinix Inc. 0.25% 2,952 $2.6M Add +236.2%
PFF iShares Preferred & Income S 0.25% 78,800 $2.6M Reduce -0.8%
CASY Casey's General Stores Inc. 0.21% 5,890 $2.2M Add +11.4%
ZTS Zoetis Inc. 0.19% 10,072 $2.0M Reduce -50.8%
EXPD Expeditors Intl Wash Inc. 0.18% 14,215 $1.9M Reduce -9.0%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.18% 6,632 $1.9M Add +88.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.18% 8,407 $1.9M Reduce -1.5%
NVDA Nvidia Corp. 0.17% 15,022 $1.8M Add +1.0%
VZ Verizon Communications Inc. 0.17% 40,332 $1.8M Reduce -5.2%
PFE Pfizer Inc. 0.16% 59,482 $1.7M Add +2.0%
PPG PPG Industries Inc. 0.16% 12,528 $1.7M No change
SBUX Starbucks Corp. 0.15% 16,402 $1.6M Reduce -34.1%
EW Edwards Lifesciences Corp. 0.15% 23,675 $1.6M Reduce -24.3%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.14% 8,319 $1.5M Reduce -1.8%
FTV Fortive Corp. 0.14% 18,455 $1.5M Reduce -59.0%
VLTO Veralto Corp. 0.14% 12,819 $1.4M Reduce -6.5%
CARR Carrier Global Corp. 0.13% 17,203 $1.4M Reduce -2.6%
PM Philip Morris International 0.13% 11,207 $1.4M No change
HSY The Hershey Co. 0.11% 6,156 $1.2M Reduce -1.5%
MMM 3M Co. 0.11% 8,536 $1.2M No change
CVX Chevron Corp. 0.11% 7,769 $1.1M No change
GILD Gilead Sciences Inc. 0.11% 13,640 $1.1M Reduce -5.7%
K Kellanova 0.11% 14,100 $1.1M No change
NOC Northrop Grumman Corp. 0.10% 1,972 $1.0M No change
DKS Dick's Sporting Goods Inc. 0.10% 4,803 $1.0M New
NSC Norfolk Southern Corp. 0.10% 4,025 $1.0M No change
BMY Bristol-Myers Squibb Co. 0.10% 19,209 $994K Reduce -2.6%
HPQ HP Inc. 0.10% 27,700 $994K No change
ROST Ross Stores Inc. 0.09% 6,510 $980K No change
APH Amphenol Corp. Class A 0.09% 14,630 $953K Add +51.1%
FBIN Fortune Brands Innovations I 0.09% 10,347 $926K No change
MRO Marathon Oil Corp. 0.09% 33,588 $894K No change
ULTA Ulta Beauty Inc. 0.08% 2,245 $874K Reduce -41.3%
JPM JPMorgan Chase & Co. 0.08% 4,000 $844K Reduce -11.5%
FLO Flowers Foods Inc. 0.08% 36,075 $832K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.08% 20,385 $809K No change

Show all 160 holdings

Portfolio Sells Q2 2024 → Q3 2024
LLY Eli Lilly & Co. Reduce -0.0% 3.67% −0.33
GOOGL Alphabet Inc. Class A Reduce -0.3% 1.77% −0.31
NVO Novo-Nordisk A/S-Spons ADR Reduce -0.7% 0.87% −0.25
FTV Fortive Corp. Reduce -59.0% 0.14% −0.20
QCOM Qualcomm Inc. Reduce -0.5% 0.69% −0.18
ZTS Zoetis Inc. Reduce -50.8% 0.19% −0.17
EW Edwards Lifesciences Corp. Reduce -24.3% 0.15% −0.15
PEP Pepsico Inc. Reduce -5.5% 1.44% −0.13
CHD Church & Dwight Co. Inc. Reduce -0.5% 1.75% −0.11
IDXX Idexx Laboratories Inc. Reduce -8.0% 0.83% −0.10
UNP Union Pacific Corp. Reduce -22.5% 0.26% −0.07
XOM Exxon Mobil Corp. Reduce -1.2% 1.12% −0.07
ULTA Ulta Beauty Inc. Reduce -41.3% 0.08% −0.07
SBUX Starbucks Corp. Reduce -34.1% 0.15% −0.04
POOL Pool Corp. Sold out 0.00% −0.04
COST Costco Wholesale Corp. Reduce -0.1% 1.53% −0.04
EMR Emerson Electric Co. Reduce -1.9% 0.37% −0.04
WSO Watsco Inc. Reduce -1.9% 1.53% −0.03
INTC Intel Corp. Reduce -25.5% 0.04% −0.03
HON Honeywell International Inc. Reduce -0.4% 0.29% −0.03
CVS CVS Health Corp. Sold out 0.00% −0.03
TROW T Rowe Price Group Inc. Sold out 0.00% −0.03
TJX TJX Companies Inc. Reduce -0.7% 4.49% −0.02
EXPD Expeditors Intl Wash Inc. Reduce -9.0% 0.18% −0.02
DIS The Walt Disney Co. Reduce -8.2% 0.07% −0.01
EL Estee Lauder Companies Class A Reduce -8.7% 0.06% −0.01
FISV Fiserv Inc. Reduce -12.1% 2.35% −0.01
JPM JPMorgan Chase & Co. Reduce -11.5% 0.08% −0.01
WBA Walgreens Boots Alliance Inc. Reduce -2.6% 0.02% −0.01
DE Deere & Co. Reduce -6.9% 0.27% −0.01
ADBE Adobe Inc. Reduce -11.4% 0.02% −0.01
VZ Verizon Communications Inc. Reduce -5.2% 0.17% −0.01
PFF iShares Preferred & Income S Reduce -0.8% 0.25% −0.01
GIS General Mills Inc. Reduce -20.5% 0.03% −0.00
HSY The Hershey Co. Reduce -1.5% 0.11% −0.00
TSCO Tractor Supply Company Reduce -7.5% 0.06% −0.00
PANW Palo Alto Networks Inc. Reduce -0.8% 0.06% −0.00
OTIS Otis Worldwide Corp. Reduce -7.4% 0.05% −0.00
JKHY Jack Henry & Associates Inc. Reduce -1.8% 0.14% −0.00
WSM Williams-Sonoma Inc. Reduce -3.3% 0.05% −0.00
AVGO Broadcom Inc. Reduce -0.3% 0.02% +0.00
VLTO Veralto Corp. Reduce -6.5% 0.14% +0.00
HEI Heico Corp. Reduce -0.4% 0.05% +0.00
GILD Gilead Sciences Inc. Reduce -5.7% 0.11% +0.01
ORLY O'reilly Automotive Inc. Reduce -0.2% 0.49% +0.01
ITW Illinois Tool Works Reduce -1.3% 0.46% +0.01
BMY Bristol-Myers Squibb Co. Reduce -2.6% 0.10% +0.01
CARR Carrier Global Corp. Reduce -2.6% 0.13% +0.02
PAYX Paychex Inc. Reduce -0.1% 0.44% +0.03
IBM Intl Business Machines Corp. Reduce -1.5% 0.18% +0.03

Portfolio Buys Q2 2024 → Q3 2024
NEE Nextera Energy Inc. Add +2.3% 2.05% +0.26
EQIX Equinix Inc. Add +236.2% 0.25% +0.18
MKC McCormick & Co.-Non VTG SHRS Add +4.0% 1.29% +0.15
BF.B Brown-Forman Corp. Class B Add +15.7% 0.70% +0.13
LMT Lockheed Martin Corp. Add +14.7% 0.40% +0.10
DKS Dick's Sporting Goods Inc. New 0.10% +0.10
AJG Arthur J Gallagher & Co. Add +88.3% 0.18% +0.09
RTX RTX Corp. Add +0.6% 0.54% +0.07
BR Broadridge Financial Solutio Add +0.1% 2.18% +0.05
BRK.B Berkshire Hathaway Inc. Class B Add +0.8% 0.65% +0.04
ECL Ecolab Inc. Add +1.6% 1.85% +0.04
APD Air Products & Chemicals Inc. Add +0.6% 0.45% +0.04
APH Amphenol Corp. Class A Add +51.1% 0.09% +0.02
TMO Thermo Fisher Scientific Inc. Add +4.3% 0.25% +0.02
VEEV Veeva Systems Inc. Class A New 0.02% +0.02
WY Weyerhaeuser Co. New 0.02% +0.02
USB US Bancorp New 0.02% +0.02
GOOG Alphabet Inc. Class C Add +47.5% 0.04% +0.01
LIN Linde PLC Add +10.3% 0.06% +0.01
CL Colgate-Palmolive Co. Add +0.4% 0.82% +0.01
CASY Casey's General Stores Inc. Add +11.4% 0.21% +0.01
CTAS Cintas Corp. Add +8.3% 0.04% +0.01
V Visa Inc. Class A Add +2.2% 0.53% +0.00
PFE Pfizer Inc. Add +2.0% 0.16% −0.00
AMGN Amgen Inc. Add +1.1% 0.36% −0.01
SYK Stryker Corp. Add +0.1% 4.17% −0.01
NVDA Nvidia Corp. Add +1.0% 0.17% −0.01
PG The Procter & Gamble Co. Add +0.5% 1.55% −0.02
AMZN Amazon.com Inc. Add +0.1% 0.73% −0.08
MPC Marathon Petroleum Corp. Add +0.3% 1.21% −0.16
INTU Intuit Inc. Add +0.1% 2.38% −0.30
MSFT Microsoft Corp. Add +0.8% 5.74% −0.56

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