Wendell David Associates Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 29, 2025), Wendell David Associates Inc. reported 147 stock positions worth $994.3 million. Its top holding was Microsoft (MSFT) at 6.7% of the portfolio, followed by Mastercard Class A (MA, 6.5%) and Apple (AAPL, 5.6%). Compared with Q1 2025, it opened 2 new positions, sold out of 6, added to 20 and reduced 71. The biggest buy was Alphabet Class A (GOOGL, shares +1%) and the biggest sale Apple (AAPL, shares −8%).

Most Recent 13F
Q2 2026
Location
PORTSMOUTH, NH
CIK
0000878228
Portfolio Value
$994.3M (Q2 2025)
SEC Filing
0000878228-25-000012 ↗ filed Jul 29, 2025

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 Q3 2024 Q4 2024: $1.0B Q4 2024 Q1 2025: $1.0B Q1 2025 Q2 2025: $994.3M $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 147 stocks · $994.3M
MSFT Microsoft Corp. 6.69% 133,796 $66.6M Reduce -0.9%
MA Mastercard Inc. Class A 6.50% 115,012 $64.6M Reduce -2.3%
AAPL Apple Inc. 5.58% 270,573 $55.5M Reduce -7.5%
ADP Automatic Data Processing 5.58% 179,959 $55.5M Reduce -0.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 4.73% 380,601 $47.0M Reduce -2.0%
SYK Stryker Corp. 4.52% 113,603 $44.9M Reduce -2.4%
LLY Eli Lilly & Co. 3.27% 41,655 $32.5M Reduce -3.0%
INTU Intuit Inc. 3.16% 39,917 $31.4M Reduce -0.3%
ABT Abbott Laboratories 2.98% 217,823 $29.6M Reduce -1.1%
BR Broadridge Financial Solutio 2.47% 100,929 $24.5M Reduce -1.4%
FISV Fiserv Inc. 2.30% 132,505 $22.8M Reduce -1.2%
MCD McDonald's Corp. 2.18% 74,252 $21.7M Reduce -0.6%
GOOGL Alphabet Inc. Class A 2.08% 117,496 $20.7M Add +0.9%
ECL Ecolab Inc. 1.92% 70,888 $19.1M Reduce -2.7%
ABBV Abbvie Inc. 1.86% 99,763 $18.5M Reduce -2.1%
NEE Nextera Energy Inc. 1.73% 248,261 $17.2M Reduce -2.1%
COST Costco Wholesale Corp. 1.68% 16,882 $16.7M Reduce -6.0%
JNJ Johnson & Johnson 1.60% 103,832 $15.9M Reduce -1.4%
CHD Church & Dwight Co. Inc. 1.56% 161,207 $15.5M Reduce -3.8%
PG The Procter & Gamble Co. 1.48% 92,366 $14.7M Add +0.0%
WSO Watsco Inc. 1.42% 32,073 $14.2M Reduce -0.1%
MPC Marathon Petroleum Corp. 1.28% 76,613 $12.7M Add +0.1%
KO The Coca-Cola Co. 1.23% 172,983 $12.2M Reduce -1.7%
MKC McCormick & Co.-Non VTG SHRS 1.21% 158,855 $12.0M Reduce -4.2%
FDS Factset Research Systems Inc. 1.10% 24,477 $10.9M Reduce -5.0%
PEP Pepsico Inc. 1.04% 78,040 $10.3M Reduce -4.1%
DHR Danaher Corp. 1.03% 51,832 $10.2M Reduce -17.0%
XOM Exxon Mobil Corp. 1.02% 94,015 $10.1M Reduce -4.1%
NKE Nike Inc. Class B 0.99% 137,999 $9.8M Reduce -7.3%
HD Home Depot Inc. 0.96% 26,037 $9.5M Reduce -6.9%
AMZN Amazon.com Inc. 0.86% 39,019 $8.6M Reduce -2.9%
ACN Accenture PLC Class A 0.83% 27,577 $8.2M Reduce -0.1%
WMT Walmart Inc. 0.82% 83,790 $8.2M Reduce -6.2%
SHW The Sherwin-Williams Co. 0.80% 23,157 $8.0M No change
AMT American Tower Corp. 0.79% 35,518 $7.8M Reduce -1.4%
CL Colgate-Palmolive Co. 0.71% 77,774 $7.1M Reduce -1.6%
IDXX Idexx Laboratories Inc. 0.71% 13,152 $7.1M Reduce -0.1%
V Visa Inc. Class A 0.70% 19,657 $7.0M Reduce -0.4%
BRK.B Berkshire Hathaway Inc. Class B 0.70% 14,285 $6.9M Add +3.5%
RTX RTX Corp. 0.66% 45,144 $6.6M No change
VEEV Veeva Systems Inc. Class A 0.56% 19,391 $5.6M Add +8.5%
QCOM Qualcomm Inc. 0.56% 34,747 $5.5M Reduce -0.3%
ORLY O'reilly Automotive Inc. 0.52% 56,940 $5.1M Reduce -0.7%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.51% 15,932 $5.1M Add +6.4%
NVO Novo-Nordisk A/S-Spons ADR 0.51% 72,802 $5.0M Reduce -5.2%
SYY Sysco Corp. 0.46% 60,700 $4.6M Reduce -0.4%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.45% 4,314 $4.5M No change
APD Air Products & Chemicals Inc. 0.45% 15,780 $4.5M Reduce -0.6%
EMR Emerson Electric Co. 0.45% 33,356 $4.4M Add +0.5%
LOW Lowe's Cos Inc. 0.44% 19,619 $4.4M No change
MRK Merck & Co. Inc. 0.44% 54,909 $4.3M No change
APH Amphenol Corp. Class A 0.41% 41,270 $4.1M Add +6.4%
DE Deere & Co. 0.41% 7,946 $4.0M Add +22.9%
PAYX Paychex Inc. 0.40% 27,303 $4.0M Reduce -9.9%
ISRG Intuitive Surgical Inc. 0.40% 7,275 $4.0M No change
ITW Illinois Tool Works 0.37% 14,725 $3.6M Reduce -0.7%
CASY Casey's General Stores Inc. 0.36% 6,975 $3.6M Add +1.8%
EQIX Equinix Inc. 0.35% 4,376 $3.5M Add +1.0%
LMT Lockheed Martin Corp. 0.34% 7,329 $3.4M Reduce -0.6%
ADI Analog Devices Inc. 0.33% 13,846 $3.3M No change
FAST Fastenal Co. 0.33% 78,400 $3.3M No change
HON Honeywell International Inc. 0.33% 14,019 $3.3M Reduce -4.1%
CSCO Cisco Systems Inc. 0.32% 46,418 $3.2M Reduce -10.1%
AMGN Amgen Inc. 0.30% 10,864 $3.0M Reduce -0.2%
BCPC Balchem Corp. 0.27% 17,127 $2.7M No change
BF.B Brown-Forman Corp. Class B 0.27% 101,151 $2.7M Reduce -23.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.24% 8,257 $2.4M No change
UNP Union Pacific Corp. 0.24% 10,546 $2.4M Reduce -1.4%
BDX Becton Dickinson and Co. 0.24% 13,649 $2.4M Reduce -3.4%
NVDA Nvidia Corp. 0.23% 14,317 $2.3M Reduce -4.5%
PM Philip Morris International 0.20% 11,157 $2.0M No change
PFF iShares Preferred & Income S 0.20% 63,242 $1.9M No change
DKS Dick's Sporting Goods Inc. 0.17% 8,703 $1.7M Add +2.0%
HEI Heico Corp. 0.17% 5,229 $1.7M Reduce -0.3%
VZ Verizon Communications Inc. 0.17% 38,574 $1.7M Reduce -2.6%
GILD Gilead Sciences Inc. 0.15% 13,440 $1.5M No change
PPG PPG Industries Inc. 0.14% 12,457 $1.4M No change
PFE Pfizer Inc. 0.14% 57,037 $1.4M Reduce -3.1%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.13% 7,419 $1.3M No change
MMM 3M Co. 0.13% 8,536 $1.3M No change
CARR Carrier Global Corp. 0.13% 17,103 $1.3M Reduce -0.6%
VLTO Veralto Corp. 0.12% 11,765 $1.2M Reduce -0.9%
SBUX Starbucks Corp. 0.12% 12,827 $1.2M Reduce -5.5%
COP Conocophillips 0.12% 13,041 $1.2M Add +0.8%
JPM JPMorgan Chase & Co. 0.12% 4,000 $1.2M No change
K Kellanova 0.11% 14,100 $1.1M No change
CVX Chevron Corp. 0.11% 7,769 $1.1M No change
TMO Thermo Fisher Scientific Inc. 0.11% 2,681 $1.1M Reduce -9.4%
EXPD Expeditors Intl Wash Inc. 0.10% 9,034 $1.0M Add +2.1%
NSC Norfolk Southern Corp. 0.10% 4,025 $1.0M No change
NOC Northrop Grumman Corp. 0.10% 1,972 $986K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.10% 7,810 $969K Reduce -0.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.10% 20,385 $965K No change
ORCL Oracle Corp. 0.10% 4,411 $964K No change
ULTA Ulta Beauty Inc. 0.10% 2,055 $961K No change
ZTS Zoetis Inc. 0.09% 5,772 $900K Reduce -3.4%
BMY Bristol-Myers Squibb Co. 0.09% 18,631 $862K Reduce -5.2%
HSY The Hershey Co. 0.09% 5,195 $862K No change
EW Edwards Lifesciences Corp. 0.08% 10,620 $831K Reduce -40.6%
CI Cigna Holding Co. filed as CIGNA CORP 0.08% 2,317 $766K Add +24.4%
SNPS Synopsys Inc. 0.08% 1,482 $760K Add +32.7%
PANW Palo Alto Networks Inc. 0.07% 3,597 $736K Reduce -2.3%
BRK.A Berkshire Hathaway Inc. Class A 0.07% 1 $729K No change
HPQ HP Inc. 0.07% 27,700 $678K No change
TRMB Trimble Inc. 0.07% 8,700 $661K Reduce -0.9%
ROST Ross Stores Inc. 0.07% 5,110 $652K No change
GE General Electric filed as GE AEROSPACE 0.06% 2,487 $640K No change
T AT&T Inc. 0.06% 21,836 $632K No change
GOOG Alphabet Inc. Class C 0.06% 3,315 $588K Add +2.7%
ALCO Alico Inc. 0.06% 17,866 $584K No change
WSM Williams-Sonoma Inc. 0.06% 3,500 $572K No change
CAT Caterpillar Inc. 0.06% 1,443 $560K No change
DRI Darden Restaurants Inc. 0.05% 2,500 $545K No change
OTIS Otis Worldwide Corp. 0.05% 5,444 $539K Reduce -0.9%
FBIN Fortune Brands Innovations I 0.05% 10,347 $533K No change
FLO Flowers Foods Inc. 0.05% 33,300 $532K No change
TSCO Tractor Supply Company 0.05% 9,910 $523K Reduce -1.3%
LIN Linde PLC 0.05% 1,076 $505K Reduce -1.8%
RBC RBC Bearings Inc. 0.05% 1,290 $496K No change
RHHBY Roche Holdings Ltd.-Spons ADR 0.05% 12,100 $493K No change
MDLZ Mondelez International Inc. Class A 0.05% 7,047 $475K No change
DUK Duke Energy Corp. 0.05% 3,873 $457K Add +1.9%
CTAS Cintas Corp. 0.05% 2,042 $455K Add +3.8%
CSX CSX Corp. 0.04% 13,368 $436K Reduce -0.8%
EOG EOG Resources Inc. 0.04% 3,453 $413K Reduce -25.8%
INGR Ingredion Inc. 0.04% 3,000 $407K No change
ALL Allstate Corp. 0.04% 2,000 $403K No change
GPC Genuine Parts Co. 0.04% 3,305 $401K Add +1.5%
LHX L3HARRIS Technologies Inc. 0.04% 1,595 $400K No change
TMUS T-Mobile US Inc. 0.04% 1,655 $394K No change
HPE Hewlett Packard Enterprise 0.04% 19,200 $393K No change
MO Altria Group Inc. 0.04% 6,475 $380K No change
AME Ametek Inc. 0.04% 2,075 $375K Reduce -2.0%
AVGO Broadcom Inc. 0.04% 1,336 $368K No change
GEV GE Vernova Inc. 0.04% 666 $352K New
TXN Texas Instruments Inc. 0.04% 1,689 $351K No change
RSG Republic Services Inc. 0.03% 1,354 $334K No change
ETN Eaton Corp. PLC 0.03% 936 $334K No change
WM Waste Management Inc. 0.03% 1,378 $315K No change
KMI Kinder Morgan Inc. 0.03% 10,000 $294K No change
TT Trane Technologies PLC 0.03% 581 $254K Reduce -5.7%
META Meta Platforms Inc. Class A 0.02% 323 $238K New
UNH Unitedhealth Group Inc. 0.02% 755 $236K Reduce -4.1%
GIS General Mills Inc. 0.02% 4,032 $209K No change
GD General Dynamics Corp. 0.02% 700 $204K Reduce -5.0%
KMB Kimberly-Clark Corp. 0.02% 1,575 $203K No change
BSTK Brite-Strike Tactical Illumi 0.00% 53,000 $0 No change

Portfolio Sells Q1 2025 → Q2 2025
AAPL Apple Inc. Reduce -7.5% 5.58% −0.90
FISV Fiserv Inc. Reduce -1.2% 2.30% −0.66
CHD Church & Dwight Co. Inc. Reduce -3.8% 1.56% −0.28
LLY Eli Lilly & Co. Reduce -3.0% 3.27% −0.27
ABBV Abbvie Inc. Reduce -2.1% 1.86% −0.27
DHR Danaher Corp. Reduce -17.0% 1.03% −0.25
WSO Watsco Inc. Reduce -0.1% 1.42% −0.20
PEP Pepsico Inc. Reduce -4.1% 1.04% −0.18
BF.B Brown-Forman Corp. Class B Reduce -23.3% 0.27% −0.17
MKC McCormick & Co.-Non VTG SHRS Reduce -4.2% 1.21% −0.15
JNJ Johnson & Johnson Reduce -1.4% 1.60% −0.15
MCD McDonald's Corp. Reduce -0.6% 2.18% −0.15
XOM Exxon Mobil Corp. Reduce -4.1% 1.02% −0.14
BDX Becton Dickinson and Co. Reduce -3.4% 0.24% −0.09
FDS Factset Research Systems Inc. Reduce -5.0% 1.10% −0.07
PAYX Paychex Inc. Reduce -9.9% 0.40% −0.07
HD Home Depot Inc. Reduce -6.9% 0.96% −0.06
NEE Nextera Energy Inc. Reduce -2.1% 1.73% −0.06
EW Edwards Lifesciences Corp. Reduce -40.6% 0.08% −0.05
TMO Thermo Fisher Scientific Inc. Reduce -9.4% 0.11% −0.04
CMI Cummins Inc. Sold out 0.00% −0.04
AMGN Amgen Inc. Reduce -0.2% 0.30% −0.03
BMY Bristol-Myers Squibb Co. Reduce -5.2% 0.09% −0.03
ACN Accenture PLC Class A Reduce -0.1% 0.83% −0.03
ORLY O'reilly Automotive Inc. Reduce -0.7% 0.52% −0.03
EFX Equifax Inc. Sold out 0.00% −0.03
CL Colgate-Palmolive Co. Reduce -1.6% 0.71% −0.03
NVO Novo-Nordisk A/S-Spons ADR Reduce -5.2% 0.51% −0.03
KO The Coca-Cola Co. Reduce -1.7% 1.23% −0.03
HSIC Henry Schein Inc. Sold out 0.00% −0.03
FTV Fortive Corp. Sold out 0.00% −0.02
TECH Bio-Techne Corp. Sold out 0.00% −0.02
DD Dupont DE Nemours Inc. Sold out 0.00% −0.02
APD Air Products & Chemicals Inc. Reduce -0.6% 0.45% −0.02
EOG EOG Resources Inc. Reduce -25.8% 0.04% −0.02
UNH Unitedhealth Group Inc. Reduce -4.1% 0.02% −0.02
SBUX Starbucks Corp. Reduce -5.5% 0.12% −0.01
COST Costco Wholesale Corp. Reduce -6.0% 1.68% −0.01
VZ Verizon Communications Inc. Reduce -2.6% 0.17% −0.01
BR Broadridge Financial Solutio Reduce -1.4% 2.47% −0.01
PFE Pfizer Inc. Reduce -3.1% 0.14% −0.01
UNP Union Pacific Corp. Reduce -1.4% 0.24% −0.01
ZTS Zoetis Inc. Reduce -3.4% 0.09% −0.01
TSCO Tractor Supply Company Reduce -1.3% 0.05% −0.00
OTIS Otis Worldwide Corp. Reduce -0.9% 0.05% −0.00
ITW Illinois Tool Works Reduce -0.7% 0.37% −0.00
LIN Linde PLC Reduce -1.8% 0.05% −0.00
GD General Dynamics Corp. Reduce -5.0% 0.02% +0.00
AME Ametek Inc. Reduce -2.0% 0.04% +0.00
VLTO Veralto Corp. Reduce -0.9% 0.12% +0.00

Portfolio Buys Q1 2025 → Q2 2025
GOOGL Alphabet Inc. Class A Add +0.9% 2.08% +0.29
MPC Marathon Petroleum Corp. Add +0.1% 1.28% +0.17
APH Amphenol Corp. Class A Add +6.4% 0.41% +0.16
VEEV Veeva Systems Inc. Class A Add +8.5% 0.56% +0.15
DE Deere & Co. Add +22.9% 0.41% +0.10
EMR Emerson Electric Co. Add +0.5% 0.45% +0.08
CASY Casey's General Stores Inc. Add +1.8% 0.36% +0.06
GEV GE Vernova Inc. New 0.04% +0.04
SNPS Synopsys Inc. Add +32.7% 0.08% +0.03
META Meta Platforms Inc. Class A New 0.02% +0.02
CI Cigna Holding Co. Add +24.4% 0.08% +0.02
GOOG Alphabet Inc. Class C Add +2.7% 0.06% +0.01
CTAS Cintas Corp. Add +3.8% 0.05% +0.01
DKS Dick's Sporting Goods Inc. Add +2.0% 0.17% +0.00
GPC Genuine Parts Co. Add +1.5% 0.04% +0.00
DUK Duke Energy Corp. Add +1.9% 0.05% −0.00
EQIX Equinix Inc. Add +1.0% 0.35% −0.00
EXPD Expeditors Intl Wash Inc. Add +2.1% 0.10% −0.00
AJG Arthur J Gallagher & Co. Add +6.4% 0.51% −0.00
COP Conocophillips Add +0.8% 0.12% −0.02
BRK.B Berkshire Hathaway Inc. Class B Add +3.5% 0.70% −0.04
PG The Procter & Gamble Co. Add +0.0% 1.48% −0.09

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