Wendell David Associates Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 23, 2026), Wendell David Associates Inc. reported 151 stock positions worth $918.9 million. Its top holding was Apple (AAPL) at 7.0% of the portfolio, followed by TJX Companies (TJX, 6.3%) and Mastercard Class A (MA, 5.8%). Compared with Q4 2025, it opened 4 new positions, sold out of 2, added to 25 and reduced 65. The biggest buy was Marathon Petroleum (MPC, shares +0%) and the biggest sale Microsoft (MSFT, shares −1%).

Most Recent 13F
Q2 2026
Location
PORTSMOUTH, NH
CIK
0000878228
Portfolio Value
$918.9M (Q1 2026)
SEC Filing
0000878228-26-000005 ↗ filed Apr 23, 2026

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 Q2 2025 Q3 2025: $1.0B Q3 2025 Q4 2025: $984.3M Q4 2025 Q1 2026: $918.9M $918.9M Q1 2026 Q2 2026: $946.7M Q2 2026

Holdings 151 stocks · $918.9M
AAPL Apple Inc. 6.97% 252,349 $64.0M Reduce -2.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 6.26% 360,391 $57.6M Reduce -1.9%
MA Mastercard Inc. Class A 5.85% 107,536 $53.7M Reduce -2.6%
MSFT Microsoft Corp. 5.30% 131,592 $48.7M Reduce -1.0%
LLY Eli Lilly & Co. 4.39% 43,827 $40.3M Add +0.6%
SYK Stryker Corp. 3.99% 111,497 $36.6M Reduce -0.3%
ADP Automatic Data Processing 3.82% 172,904 $35.1M Reduce -1.3%
GOOGL Alphabet Inc. Class A 3.51% 112,018 $32.2M Reduce -2.3%
JNJ Johnson & Johnson 2.68% 100,652 $24.6M Add +0.1%
NEE Nextera Energy Inc. 2.52% 249,435 $23.2M Reduce -0.5%
MCD McDonald's Corp. 2.42% 71,541 $22.2M Reduce -1.6%
ABT Abbott Laboratories 2.35% 210,544 $21.6M Reduce -0.5%
ABBV Abbvie Inc. 2.26% 95,493 $20.8M Reduce -0.9%
ECL Ecolab Inc. 2.09% 72,244 $19.2M Add +2.6%
MPC Marathon Petroleum Corp. 2.04% 76,779 $18.7M Add +0.1%
COST Costco Wholesale Corp. 1.94% 17,918 $17.9M Add +0.9%
INTU Intuit Inc. 1.87% 39,743 $17.2M Add +0.7%
XOM Exxon Mobil Corp. 1.69% 91,491 $15.5M Reduce -1.1%
BR Broadridge Financial Solutio 1.54% 86,873 $14.1M Reduce -13.4%
KO The Coca-Cola Co. 1.39% 168,148 $12.8M Reduce -0.6%
PG The Procter & Gamble Co. 1.39% 88,230 $12.7M Reduce -1.5%
CHD Church & Dwight Co. Inc. 1.37% 135,023 $12.6M Reduce -5.0%
PEP Pepsico Inc. 1.23% 72,544 $11.3M Reduce -1.9%
WSO Watsco Inc. 1.22% 30,709 $11.2M Reduce -2.2%
WMT Walmart Inc. 1.05% 77,479 $9.6M Reduce -0.1%
DHR Danaher Corp. 0.95% 46,177 $8.8M Reduce -4.1%
AMZN Amazon.com Inc. 0.95% 41,976 $8.7M Add +3.8%
RTX RTX Corp. 0.91% 43,314 $8.4M Reduce -0.5%
HD Home Depot Inc. 0.88% 24,587 $8.1M Reduce -3.2%
SHW The Sherwin-Williams Co. 0.79% 22,513 $7.2M Reduce -0.2%
APH Amphenol Corp. Class A 0.78% 56,750 $7.2M Add +1.8%
BRK.B Berkshire Hathaway Inc. Class B 0.76% 14,540 $7.0M Add +1.4%
MRK Merck & Co. Inc. 0.74% 56,376 $6.8M Add +0.9%
MKC McCormick & Co.-Non VTG SHRS 0.72% 131,453 $6.6M Reduce -7.5%
IDXX Idexx Laboratories Inc. 0.68% 11,068 $6.2M Reduce -10.1%
CASY Casey's General Stores Inc. 0.67% 8,430 $6.1M Reduce -1.9%
CL Colgate-Palmolive Co. 0.66% 71,584 $6.1M Reduce -3.4%
V Visa Inc. Class A 0.61% 18,478 $5.6M Reduce -2.5%
NKE Nike Inc. Class B 0.59% 102,338 $5.4M Reduce -17.0%
ORLY O'reilly Automotive Inc. 0.53% 52,465 $4.8M Reduce -2.2%
VEEV Veeva Systems Inc. Class A 0.52% 27,069 $4.8M Reduce -0.2%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.50% 21,164 $4.6M Add +8.0%
LOW Lowe's Cos Inc. 0.50% 19,372 $4.6M Reduce -0.2%
APD Air Products & Chemicals Inc. 0.50% 15,730 $4.6M No change
QCOM Qualcomm Inc. 0.48% 34,027 $4.4M Reduce -1.3%
EMR Emerson Electric Co. 0.48% 33,356 $4.4M No change
LMT Lockheed Martin Corp. 0.47% 7,147 $4.3M Add +1.5%
SYY Sysco Corp. 0.47% 59,949 $4.3M Reduce -1.1%
ADI Analog Devices Inc. 0.45% 13,129 $4.2M Reduce -3.6%
EQIX Equinix Inc. 0.45% 4,202 $4.1M Add +1.3%
GWW WW Grainger Inc. 0.45% 3,756 $4.1M Reduce -1.9%
DE Deere & Co. 0.42% 6,853 $3.9M Reduce -0.4%
FDS Factset Research Systems Inc. 0.42% 17,656 $3.8M Reduce -9.6%
AMGN Amgen Inc. 0.41% 10,793 $3.8M Reduce -0.3%
CSCO Cisco Systems Inc. 0.39% 46,533 $3.6M Add +0.3%
FAST Fastenal Co. 0.36% 71,800 $3.3M Reduce -2.7%
ITW Illinois Tool Works 0.36% 12,568 $3.3M Reduce -7.1%
HON Honeywell International Inc. 0.34% 13,769 $3.1M Reduce -1.4%
ACN Accenture PLC Class A 0.33% 15,247 $3.0M Reduce -12.5%
SNPS Synopsys Inc. 0.32% 7,400 $2.9M Add +55.0%
HEI Heico Corp. 0.30% 10,189 $2.8M Add +54.5%
FISV Fiserv Inc. 0.30% 49,212 $2.7M Reduce -10.1%
NVDA Nvidia Corp. 0.29% 15,067 $2.6M Add +12.5%
PAYX Paychex Inc. 0.27% 26,717 $2.5M Reduce -2.0%
ISRG Intuitive Surgical Inc. 0.26% 5,144 $2.4M Reduce -0.3%
AMT American Tower Corp. 0.25% 13,144 $2.3M Reduce -31.3%
NVO Novo-Nordisk A/S-Spons ADR 0.24% 59,058 $2.2M Reduce -1.2%
BDX Becton Dickinson and Co. 0.22% 13,101 $2.1M No change
DKS Dick's Sporting Goods Inc. 0.22% 10,141 $2.0M Add +3.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.22% 8,257 $2.0M No change
UNP Union Pacific Corp. 0.22% 8,220 $2.0M Reduce -11.1%
VZ Verizon Communications Inc. 0.21% 38,875 $2.0M Add +1.0%
PM Philip Morris International 0.21% 11,642 $1.9M Add +15.5%
PFF iShares Preferred & Income S 0.21% 63,062 $1.9M Reduce -0.2%
GILD Gilead Sciences Inc. 0.20% 13,440 $1.9M No change
PFE Pfizer Inc. 0.20% 65,922 $1.9M Add +8.7%
BCPC Balchem Corp. 0.20% 10,890 $1.8M Reduce -32.3%
COP Conocophillips 0.19% 12,991 $1.7M No change
CVX Chevron Corp. 0.18% 7,866 $1.6M No change
PPG PPG Industries Inc. 0.14% 12,457 $1.3M No change
NOC Northrop Grumman Corp. 0.14% 1,922 $1.3M Reduce -2.5%
EXPD Expeditors Intl Wash Inc. 0.14% 8,750 $1.3M No change
MMM 3M Co. 0.13% 8,453 $1.2M No change
TMO Thermo Fisher Scientific Inc. 0.13% 2,457 $1.2M Reduce -0.2%
JPM JPMorgan Chase & Co. 0.13% 4,000 $1.2M No change
NSC Norfolk Southern Corp. 0.13% 4,025 $1.2M No change
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.12% 7,169 $1.1M No change
HSY The Hershey Co. 0.12% 5,331 $1.1M Reduce -0.7%
GOOG Alphabet Inc. Class C 0.12% 3,782 $1.1M Add +1.7%
ULTA Ulta Beauty Inc. 0.11% 1,950 $1.0M No change
VLTO Veralto Corp. 0.11% 11,252 $995K Reduce -2.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.11% 20,385 $994K No change
SBUX Starbucks Corp. 0.11% 11,095 $994K Reduce -7.9%
CAT Caterpillar Inc. 0.10% 1,358 $962K Reduce -5.9%
ROST Ross Stores Inc. 0.10% 4,390 $951K No change
CARR Carrier Global Corp. 0.09% 14,420 $812K No change
BF.B Brown-Forman Corp. Class B 0.09% 29,962 $792K Reduce -6.6%
BMY Bristol-Myers Squibb Co. 0.09% 13,032 $790K Reduce -3.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.08% 8,087 $779K No change
ALCO Alico Inc. 0.08% 17,866 $737K No change

Show all 151 holdings

Portfolio Sells Q4 2025 → Q1 2026
MSFT Microsoft Corp. Reduce -1.0% 5.30% −1.23
ADP Automatic Data Processing Reduce -1.3% 3.82% −0.75
BR Broadridge Financial Solutio Reduce -13.4% 1.54% −0.74
MA Mastercard Inc. Class A Reduce -2.6% 5.85% −0.55
ABT Abbott Laboratories Reduce -0.5% 2.35% −0.34
MKC McCormick & Co.-Non VTG SHRS Reduce -7.5% 0.72% −0.26
NKE Nike Inc. Class B Reduce -17.0% 0.59% −0.21
IDXX Idexx Laboratories Inc. Reduce -10.1% 0.68% −0.17
DHR Danaher Corp. Reduce -4.1% 0.95% −0.17
AAPL Apple Inc. Reduce -2.3% 6.97% −0.16
FDS Factset Research Systems Inc. Reduce -9.6% 0.42% −0.16
ACN Accenture PLC Class A Reduce -12.5% 0.33% −0.15
GOOGL Alphabet Inc. Class A Reduce -2.3% 3.51% −0.14
QCOM Qualcomm Inc. Reduce -1.3% 0.48% −0.12
VEEV Veeva Systems Inc. Class A Reduce -0.2% 0.52% −0.10
AMT American Tower Corp. Reduce -31.3% 0.25% −0.09
FISV Fiserv Inc. Reduce -10.1% 0.30% −0.07
NVO Novo-Nordisk A/S-Spons ADR Reduce -1.2% 0.24% −0.07
V Visa Inc. Class A Reduce -2.5% 0.61% −0.07
BCPC Balchem Corp. Reduce -32.3% 0.20% −0.05
PAYX Paychex Inc. Reduce -2.0% 0.27% −0.04
ISRG Intuitive Surgical Inc. Reduce -0.3% 0.26% −0.04
META Meta Platforms Inc. Class A Sold out 0.00% −0.02
CTSH Cognizant Tech Solutions-A Sold out 0.00% −0.02
TMO Thermo Fisher Scientific Inc. Reduce -0.2% 0.13% −0.01
VLTO Veralto Corp. Reduce -2.8% 0.11% −0.01
HD Home Depot Inc. Reduce -3.2% 0.88% −0.01
SYK Stryker Corp. Reduce -0.3% 3.99% −0.01
AVGO Broadcom Inc. Reduce -3.6% 0.05% −0.00
ZTS Zoetis Inc. Reduce -4.9% 0.06% −0.00
TXN Texas Instruments Inc. Reduce -17.6% 0.03% −0.00
UNP Union Pacific Corp. Reduce -11.1% 0.22% −0.00
EW Edwards Lifesciences Corp. Reduce -0.6% 0.08% +0.00
BF.B Brown-Forman Corp. Class B Reduce -6.6% 0.09% +0.00
CSL Carlisle Cos Inc. Reduce -1.1% 0.03% +0.00
WSM Williams-Sonoma Inc. Reduce -2.9% 0.07% +0.00
SBUX Starbucks Corp. Reduce -7.9% 0.11% +0.01
PFF iShares Preferred & Income S Reduce -0.2% 0.21% +0.01
SYY Sysco Corp. Reduce -1.1% 0.47% +0.01
BMY Bristol-Myers Squibb Co. Reduce -3.0% 0.09% +0.01
ITW Illinois Tool Works Reduce -7.1% 0.36% +0.02
CAT Caterpillar Inc. Reduce -5.9% 0.10% +0.02
HSY The Hershey Co. Reduce -0.7% 0.12% +0.02
LOW Lowe's Cos Inc. Reduce -0.2% 0.50% +0.02
ABBV Abbvie Inc. Reduce -0.9% 2.26% +0.02
NOC Northrop Grumman Corp. Reduce -2.5% 0.14% +0.03
ORLY O'reilly Automotive Inc. Reduce -2.2% 0.53% +0.03
SHW The Sherwin-Williams Co. Reduce -0.2% 0.79% +0.04
AMGN Amgen Inc. Reduce -0.3% 0.41% +0.05
GWW WW Grainger Inc. Reduce -1.9% 0.45% +0.05

Portfolio Buys Q4 2025 → Q1 2026
MPC Marathon Petroleum Corp. Add +0.1% 2.04% +0.77
JNJ Johnson & Johnson Add +0.1% 2.68% +0.56
COST Costco Wholesale Corp. Add +0.9% 1.94% +0.39
ECL Ecolab Inc. Add +2.6% 2.09% +0.21
MRK Merck & Co. Inc. Add +0.9% 0.74% +0.14
EQIX Equinix Inc. Add +1.3% 0.45% +0.13
LMT Lockheed Martin Corp. Add +1.5% 0.47% +0.12
SNPS Synopsys Inc. Add +55.0% 0.32% +0.09
HEI Heico Corp. Add +54.5% 0.30% +0.09
WAT Waters Corp. New 0.06% +0.06
VZ Verizon Communications Inc. Add +1.0% 0.21% +0.05
PFE Pfizer Inc. Add +8.7% 0.20% +0.05
PM Philip Morris International Add +15.5% 0.21% +0.05
NVDA Nvidia Corp. Add +12.5% 0.29% +0.03
CSCO Cisco Systems Inc. Add +0.3% 0.39% +0.03
SOLS Solstice Adv Materials Inc. New 0.03% +0.03
BRK.B Berkshire Hathaway Inc. Class B Add +1.4% 0.76% +0.03
PSX Phillips 66 New 0.03% +0.03
DKS Dick's Sporting Goods Inc. Add +3.8% 0.22% +0.02
CB Chubb Ltd. New 0.02% +0.02
MO Altria Group Inc. Add +30.7% 0.06% +0.02
APH Amphenol Corp. Class A Add +1.8% 0.78% +0.01
MDLZ Mondelez International Inc. Class A Add +7.2% 0.05% +0.01
AMZN Amazon.com Inc. Add +3.8% 0.95% +0.00
GOOG Alphabet Inc. Class C Add +1.7% 0.12% −0.00
CTAS Cintas Corp. Add +1.2% 0.04% −0.00
AJG Arthur J Gallagher & Co. Add +8.0% 0.50% −0.02
LLY Eli Lilly & Co. Add +0.6% 4.39% −0.37
INTU Intuit Inc. Add +0.7% 1.87% −0.78

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