WENDELL DAVID ASSOCIATES INC Diversified Active

Location: PORTSMOUTH, NH

CIK: 0000878228 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: Apr 23, 2026

Total Value ($000): $919 (100.0% shares, 0.0% debt)

Holdings (151)

New Positions (4)

WAT Waters 0.1%

Value ($000) $1 Shares 1,770 Est. Cost $367.10 Unrealized 0.0%

SOLS Solstice Advanced Materials, Inc. 0.0%

Value ($000) $0 Shares 3,360 Est. Cost $65.21 Unrealized 0.0%

PSX Phillips 66 0.0%

Value ($000) $0 Shares 1,305 Est. Cost $147.11 Unrealized 0.0%

CB Chubb Ltd 0.0%

Value ($000) $0 Shares 634 Est. Cost $316.22 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WAT	Waters	1,770	$1	0.1%	$367.10	0.0%	COMM	941848103
SOLS	Solstice Advanced Materials, Inc.	3,360	$0	0.0%	$65.21	0.0%	COMM	83443Q103
PSX	Phillips 66	1,305	$0	0.0%	$147.11	0.0%	COMM	718546104
CB	Chubb Ltd	634	$0	0.0%	$316.22	0.0%	COMM	H1467J104

Increased Positions (18)

EQIX Equinix REIT 0.4%

Value ($000) $4 (+29.6%) Shares 4,202 (+1.3%) Est. Cost $810.43 Unrealized -5.7%

LMT Lockheed Martin 0.5%

Value ($000) $4 (+26.8%) Shares 7,147 (+1.5%) Est. Cost $434.40 Unrealized +38.3%

ECL Ecolab 2.1%

Value ($000) $19 (+3.9%) Shares 72,244 (+2.6%) Est. Cost $89.41 Unrealized +220.1%

SNPS Synopsys 0.3%

Value ($000) $3 (+30.9%) Shares 7,400 (+55.0%) Est. Cost $480.23 Unrealized -1.8%

HEI HEICO 0.3%

Value ($000) $3 (+30.9%) Shares 10,189 (+54.5%) Est. Cost $263.70 Unrealized +28.5%

AMZN Amazon.com 1.0%

Value ($000) $9 (-6.4%) Shares 41,976 (+3.8%) Est. Cost $128.99 Unrealized +75.9%

AJG Arthur J. Gallagher 0.5%

Value ($000) $5 (-9.6%) Shares 21,164 (+8.0%) Est. Cost $281.31 Unrealized -14.5%

VZ Verizon Communications 0.2%

Value ($000) $2 (+24.6%) Shares 38,875 (+1.0%) Est. Cost $30.95 Unrealized +41.6%

APH Amphenol 'A' 0.8%

Value ($000) $7 (-4.8%) Shares 56,750 (+1.8%) Est. Cost $79.12 Unrealized +85.0%

PFE Pfizer 0.2%

Value ($000) $2 (+22.6%) Shares 65,922 (+8.7%) Est. Cost $20.27 Unrealized +29.1%

PM Philip Morris Int'l 0.2%

Value ($000) $2 (+19.0%) Shares 11,642 (+15.5%) Est. Cost $71.47 Unrealized +146.1%

BRK/B Berkshire Hathaway 'B' 0.8%

Value ($000) $7 (-3.3%) Shares 14,540 (+1.4%) Est. Cost $189.20 Unrealized +160.8%

MO Altria 0.1%

Value ($000) $1 (+49.7%) Shares 8,081 (+30.7%) Est. Cost $38.19 Unrealized +65.1%

NVDA NVIDIA 0.3%

Value ($000) $3 (+5.2%) Shares 15,067 (+12.5%) Est. Cost $105.08 Unrealized +77.6%

GOOG Alphabet Class C 0.1%

Value ($000) $1 (-7.0%) Shares 3,782 (+1.7%) Est. Cost $145.63 Unrealized +122.3%

DKS Dick's Sporting Goods 0.2%

Value ($000) $2 (+4.0%) Shares 10,141 (+3.8%) Est. Cost $207.37 Unrealized +0.3%

MDLZ Mondelez Int'l 0.0%

Value ($000) $0 (+14.7%) Shares 7,432 (+7.2%) Est. Cost $38.26 Unrealized +52.0%

CTAS Cintas 0.0%

Value ($000) $0 (-8.9%) Shares 2,167 (+1.2%) Est. Cost $174.62 Unrealized +10.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EQIX	Equinix REIT	4,202 (+1.3%)	$4 (+29.6%)	0.4%	$810.43	-5.7%	COMM	29444U700
LMT	Lockheed Martin	7,147 (+1.5%)	$4 (+26.8%)	0.5%	$434.40	+38.3%	COMM	539830109
ECL	Ecolab	72,244 (+2.6%)	$19 (+3.9%)	2.1%	$89.41	+220.1%	COMM	278865100
SNPS	Synopsys	7,400 (+55.0%)	$3 (+30.9%)	0.3%	$480.23	-1.8%	COMM	871607107
HEI	HEICO	10,189 (+54.5%)	$3 (+30.9%)	0.3%	$263.70	+28.5%	COMM	422806109
AMZN	Amazon.com	41,976 (+3.8%)	$9 (-6.4%)	1.0%	$128.99	+75.9%	COMM	023135106
AJG	Arthur J. Gallagher	21,164 (+8.0%)	$5 (-9.6%)	0.5%	$281.31	-14.5%	COMM	363576109
VZ	Verizon Communications	38,875 (+1.0%)	$2 (+24.6%)	0.2%	$30.95	+41.6%	COMM	92343V104
APH	Amphenol 'A'	56,750 (+1.8%)	$7 (-4.8%)	0.8%	$79.12	+85.0%	COMM	032095101
PFE	Pfizer	65,922 (+8.7%)	$2 (+22.6%)	0.2%	$20.27	+29.1%	COMM	717081103
PM	Philip Morris Int'l	11,642 (+15.5%)	$2 (+19.0%)	0.2%	$71.47	+146.1%	COMM	718172109
BRK/B	Berkshire Hathaway 'B'	14,540 (+1.4%)	$7 (-3.3%)	0.8%	$189.20	+160.8%	COMM	084670702
MO	Altria	8,081 (+30.7%)	$1 (+49.7%)	0.1%	$38.19	+65.1%	COMM	02209S103
NVDA	NVIDIA	15,067 (+12.5%)	$3 (+5.2%)	0.3%	$105.08	+77.6%	COMM	67066G104
GOOG	Alphabet Class C	3,782 (+1.7%)	$1 (-7.0%)	0.1%	$145.63	+122.3%	COMM	02079K107
DKS	Dick's Sporting Goods	10,141 (+3.8%)	$2 (+4.0%)	0.2%	$207.37	+0.3%	COMM	253393102
MDLZ	Mondelez Int'l	7,432 (+7.2%)	$0 (+14.7%)	0.0%	$38.26	+52.0%	COMM	609207105
CTAS	Cintas	2,167 (+1.2%)	$0 (-8.9%)	0.0%	$174.62	+10.7%	COMM	172908105

Exited Positions (2)

META Meta Platforms Cl A 0.0%

Value ($000) $0 Shares 323 Est. Cost $616.61 Unrealized +6.3%

CTSH Cognizant Technology Solutions 0.0%

Value ($000) $0 Shares 2,404 Est. Cost $74.65 Unrealized +2.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	Meta Platforms Cl A	323	$0	0.0%	$616.61	+6.3%	—	30303M102
CTSH	Cognizant Technology Solutions	2,404	$0	0.0%	$74.65	+2.9%	—	192446102

Decreased Positions (48)

MSFT Microsoft 5.3%

Value ($000) $49 (-24.3%) Shares 131,592 (-1.0%) Est. Cost $50.57 Unrealized +759.4%

ADP Automatic Data Processing 3.8%

Value ($000) $35 (-22.0%) Shares 172,904 (-1.3%) Est. Cost $45.45 Unrealized +429.9%

MA Mastercard 5.8%

Value ($000) $54 (-14.7%) Shares 107,536 (-2.6%) Est. Cost $72.81 Unrealized +640.3%

BR Broadridge Financial Solutions 1.5%

Value ($000) $14 (-37.0%) Shares 86,873 (-13.4%) Est. Cost $73.46 Unrealized +169.1%

AAPL Apple 7.0%

Value ($000) $64 (-8.8%) Shares 252,349 (-2.3%) Est. Cost $83.44 Unrealized +215.0%

XOM ExxonMobil 1.7%

Value ($000) $16 (+39.4%) Shares 91,491 (-1.1%) Est. Cost $56.01 Unrealized +147.7%

GOOGL Alphabet Class A 3.5%

Value ($000) $32 (-10.3%) Shares 112,018 (-2.3%) Est. Cost $109.58 Unrealized +195.0%

MKC McCormick 0.7%

Value ($000) $7 (-31.5%) Shares 131,453 (-7.6%) Est. Cost $57.99 Unrealized +15.0%

NKE NIKE 'B' 0.6%

Value ($000) $5 (-31.2%) Shares 102,338 (-17.0%) Est. Cost $44.28 Unrealized +44.5%

DHR Danaher 1.0%

Value ($000) $9 (-20.5%) Shares 46,177 (-4.1%) Est. Cost $49.81 Unrealized +351.1%

IDXX IDEXX Labs 0.7%

Value ($000) $6 (-25.3%) Shares 11,068 (-10.1%) Est. Cost $76.94 Unrealized +771.2%

FDS FactSet Research Systems 0.4%

Value ($000) $4 (-32.4%) Shares 17,656 (-9.6%) Est. Cost $99.12 Unrealized +149.3%

ACN Accenture 'A' 0.3%

Value ($000) $3 (-35.3%) Shares 15,247 (-12.5%) Est. Cost $121.09 Unrealized +109.1%

QCOM QUALCOMM 0.5%

Value ($000) $4 (-25.7%) Shares 34,027 (-1.3%) Est. Cost $73.93 Unrealized +108.2%

CASY Casey's General Stores 0.7%

Value ($000) $6 (+29.2%) Shares 8,430 (-1.9%) Est. Cost $364.28 Unrealized +73.2%

TJX TJX Companies 6.3%

Value ($000) $58 (+2.0%) Shares 360,391 (-1.9%) Est. Cost $34.69 Unrealized +344.6%

AMT American Tower REIT 0.2%

Value ($000) $2 (-32.4%) Shares 13,144 (-31.3%) Est. Cost $102.12 Unrealized +71.2%

V Visa 0.6%

Value ($000) $6 (-16.0%) Shares 18,478 (-2.5%) Est. Cost $121.56 Unrealized +170.8%

FISV Fiserv 0.3%

Value ($000) $3 (-25.3%) Shares 49,212 (-10.1%) Est. Cost $50.77 Unrealized +25.9%

NVO Novo Nordisk ADR 0.2%

Value ($000) $2 (-28.7%) Shares 59,058 (-1.2%) Est. Cost $31.28 Unrealized —

CHD Church & Dwight 1.4%

Value ($000) $13 (+5.7%) Shares 135,023 (-5.0%) Est. Cost $36.91 Unrealized +156.9%

PEP PepsiCo 1.2%

Value ($000) $11 (+6.2%) Shares 72,544 (-1.9%) Est. Cost $77.99 Unrealized +98.4%

HD Home Depot 0.9%

Value ($000) $8 (-7.5%) Shares 24,587 (-3.2%) Est. Cost $129.13 Unrealized +192.0%

BCPC Balchem 0.2%

Value ($000) $2 (-25.2%) Shares 10,890 (-32.3%) Est. Cost $48.33 Unrealized +250.0%

PAYX Paychex 0.3%

Value ($000) $2 (-19.5%) Shares 26,717 (-2.0%) Est. Cost $28.28 Unrealized +260.6%

WSO Watsco 1.2%

Value ($000) $11 (+5.6%) Shares 30,709 (-2.2%) Est. Cost $192.53 Unrealized +103.7%

ADI Analog Devices 0.5%

Value ($000) $4 (+13.1%) Shares 13,129 (-3.6%) Est. Cost $155.31 Unrealized +103.6%

HON Honeywell Int'l 0.3%

Value ($000) $3 (+14.2%) Shares 13,769 (-1.4%) Est. Cost $115.21 Unrealized +96.1%

FAST Fastenal 0.4%

Value ($000) $3 (+12.5%) Shares 71,800 (-2.7%) Est. Cost $25.77 Unrealized +71.8%

CL Colgate-Palmolive 0.7%

Value ($000) $6 (+4.2%) Shares 71,584 (-3.4%) Est. Cost $44.45 Unrealized +99.6%

GWW Grainger, W.W. 0.4%

Value ($000) $4 (+6.1%) Shares 3,756 (-1.9%) Est. Cost $211.11 Unrealized +418.5%

SYY Sysco 0.5%

Value ($000) $4 (-4.3%) Shares 59,949 (-1.1%) Est. Cost $29.48 Unrealized +179.0%

NOC Northrop Grumman 0.1%

Value ($000) $1 (+16.6%) Shares 1,922 (-2.5%) Est. Cost $214.95 Unrealized +213.4%

VLTO Veralto 0.1%

Value ($000) $1 (-13.9%) Shares 11,252 (-2.8%) Est. Cost $73.75 Unrealized +32.2%

UNP Union Pacific 0.2%

Value ($000) $2 (-6.8%) Shares 8,220 (-11.1%) Est. Cost $75.59 Unrealized +221.9%

CAT Caterpillar 0.1%

Value ($000) $1 (+16.3%) Shares 1,358 (-5.9%) Est. Cost $129.46 Unrealized +428.7%

PG Procter & Gamble 1.4%

Value ($000) $13 (-0.7%) Shares 88,230 (-1.5%) Est. Cost $58.81 Unrealized +158.1%

AVGO Broadcom 0.0%

Value ($000) $0 (-13.7%) Shares 1,363 (-3.6%) Est. Cost $165.49 Unrealized +101.9%

BMY Bristol-Myers Squibb 0.1%

Value ($000) $1 (+9.1%) Shares 13,032 (-3.0%) Est. Cost $46.40 Unrealized +23.8%

ZTS Zoetis 0.1%

Value ($000) $1 (-10.7%) Shares 4,537 (-4.9%) Est. Cost $103.60 Unrealized +21.6%

ITW Illinois Tool Works 0.4%

Value ($000) $3 (-1.9%) Shares 12,568 (-7.1%) Est. Cost $66.37 Unrealized +311.7%

ORLY O'Reilly Automotive 0.5%

Value ($000) $5 (-1.1%) Shares 52,465 (-2.2%) Est. Cost $87.57 Unrealized +8.5%

BF/B Brown-Forman 'B' 0.1%

Value ($000) $1 (-5.3%) Shares 29,962 (-6.6%) Est. Cost $39.75 Unrealized -29.6%

TXN Texas Instruments 0.0%

Value ($000) $0 (-7.9%) Shares 1,267 (-17.6%) Est. Cost $103.70 Unrealized +98.9%

SBUX Starbucks 0.1%

Value ($000) $1 (-2.0%) Shares 11,095 (-7.9%) Est. Cost $52.17 Unrealized +79.5%

CSL Carlisle Companies 0.0%

Value ($000) $0 (+3.1%) Shares 886 (-1.1%) Est. Cost $377.36 Unrealized -1.6%

MCD McDonald's 2.4%

Value ($000) $22 (+0.0%) Shares 71,541 (-1.6%) Est. Cost $75.54 Unrealized +320.0%

WSM Williams Sonoma 0.1%

Value ($000) $1 (-0.8%) Shares 3,400 (-2.9%) Est. Cost $91.96 Unrealized +126.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	Microsoft	131,592 (-1.0%)	$49 (-24.3%)	5.3%	$50.57	+759.4%	COMM	594918104
ADP	Automatic Data Processing	172,904 (-1.3%)	$35 (-22.0%)	3.8%	$45.45	+429.9%	COMM	053015103
MA	Mastercard	107,536 (-2.6%)	$54 (-14.7%)	5.8%	$72.81	+640.3%	COMM	57636Q104
BR	Broadridge Financial Solutions	86,873 (-13.4%)	$14 (-37.0%)	1.5%	$73.46	+169.1%	COMM	11133T103
AAPL	Apple	252,349 (-2.3%)	$64 (-8.8%)	7.0%	$83.44	+215.0%	COMM	037833100
XOM	ExxonMobil	91,491 (-1.1%)	$16 (+39.4%)	1.7%	$56.01	+147.7%	COMM	30231G102
GOOGL	Alphabet Class A	112,018 (-2.3%)	$32 (-10.3%)	3.5%	$109.58	+195.0%	COMM	02079K305
MKC	McCormick	131,453 (-7.6%)	$7 (-31.5%)	0.7%	$57.99	+15.0%	COMM	579780206
NKE	NIKE 'B'	102,338 (-17.0%)	$5 (-31.2%)	0.6%	$44.28	+44.5%	COMM	654106103
DHR	Danaher	46,177 (-4.1%)	$9 (-20.5%)	1.0%	$49.81	+351.1%	COMM	235851102
IDXX	IDEXX Labs	11,068 (-10.1%)	$6 (-25.3%)	0.7%	$76.94	+771.2%	COMM	45168D104
FDS	FactSet Research Systems	17,656 (-9.6%)	$4 (-32.4%)	0.4%	$99.12	+149.3%	COMM	303075105
ACN	Accenture 'A'	15,247 (-12.5%)	$3 (-35.3%)	0.3%	$121.09	+109.1%	COMM	G1151C101
QCOM	QUALCOMM	34,027 (-1.3%)	$4 (-25.7%)	0.5%	$73.93	+108.2%	COMM	747525103
CASY	Casey's General Stores	8,430 (-1.9%)	$6 (+29.2%)	0.7%	$364.28	+73.2%	COMM	147528103
TJX	TJX Companies	360,391 (-1.9%)	$58 (+2.0%)	6.3%	$34.69	+344.6%	COMM	872540109
AMT	American Tower REIT	13,144 (-31.3%)	$2 (-32.4%)	0.2%	$102.12	+71.2%	COMM	03027X100
V	Visa	18,478 (-2.5%)	$6 (-16.0%)	0.6%	$121.56	+170.8%	COMM	92826C839
FISV	Fiserv	49,212 (-10.1%)	$3 (-25.3%)	0.3%	$50.77	+25.9%	COMM	337738108
NVO	Novo Nordisk ADR	59,058 (-1.2%)	$2 (-28.7%)	0.2%	$31.28	—	COMM	670100205
CHD	Church & Dwight	135,023 (-5.0%)	$13 (+5.7%)	1.4%	$36.91	+156.9%	COMM	171340102
PEP	PepsiCo	72,544 (-1.9%)	$11 (+6.2%)	1.2%	$77.99	+98.4%	COMM	713448108
HD	Home Depot	24,587 (-3.2%)	$8 (-7.5%)	0.9%	$129.13	+192.0%	COMM	437076102
BCPC	Balchem	10,890 (-32.3%)	$2 (-25.2%)	0.2%	$48.33	+250.0%	COMM	057665200
PAYX	Paychex	26,717 (-2.0%)	$2 (-19.5%)	0.3%	$28.28	+260.6%	COMM	704326107
WSO	Watsco	30,709 (-2.2%)	$11 (+5.6%)	1.2%	$192.53	+103.7%	COMM	942622200
ADI	Analog Devices	13,129 (-3.6%)	$4 (+13.1%)	0.5%	$155.31	+103.6%	COMM	032654105
HON	Honeywell Int'l	13,769 (-1.4%)	$3 (+14.2%)	0.3%	$115.21	+96.1%	COMM	438516106
FAST	Fastenal	71,800 (-2.7%)	$3 (+12.5%)	0.4%	$25.77	+71.8%	COMM	311900104
CL	Colgate-Palmolive	71,584 (-3.4%)	$6 (+4.2%)	0.7%	$44.45	+99.6%	COMM	194162103
GWW	Grainger, W.W.	3,756 (-1.9%)	$4 (+6.1%)	0.4%	$211.11	+418.5%	COMM	384802104
SYY	Sysco	59,949 (-1.1%)	$4 (-4.3%)	0.5%	$29.48	+179.0%	COMM	871829107
NOC	Northrop Grumman	1,922 (-2.5%)	$1 (+16.6%)	0.1%	$214.95	+213.4%	COMM	666807102
VLTO	Veralto	11,252 (-2.8%)	$1 (-13.9%)	0.1%	$73.75	+32.2%	COMM	92338C103
UNP	Union Pacific	8,220 (-11.1%)	$2 (-6.8%)	0.2%	$75.59	+221.9%	COMM	907818108
CAT	Caterpillar	1,358 (-5.9%)	$1 (+16.3%)	0.1%	$129.46	+428.7%	COMM	149123101
PG	Procter & Gamble	88,230 (-1.5%)	$13 (-0.7%)	1.4%	$58.81	+158.1%	COMM	742718109
AVGO	Broadcom	1,363 (-3.6%)	$0 (-13.7%)	0.0%	$165.49	+101.9%	COMM	11135F101
BMY	Bristol-Myers Squibb	13,032 (-3.0%)	$1 (+9.1%)	0.1%	$46.40	+23.8%	COMM	110122108
ZTS	Zoetis	4,537 (-4.9%)	$1 (-10.7%)	0.1%	$103.60	+21.6%	COMM	98978V103
ITW	Illinois Tool Works	12,568 (-7.1%)	$3 (-1.9%)	0.4%	$66.37	+311.7%	COMM	452308109
ORLY	O'Reilly Automotive	52,465 (-2.2%)	$5 (-1.1%)	0.5%	$87.57	+8.5%	COMM	67103H107
BF/B	Brown-Forman 'B'	29,962 (-6.6%)	$1 (-5.3%)	0.1%	$39.75	-29.6%	COMM	115637209
TXN	Texas Instruments	1,267 (-17.6%)	$0 (-7.9%)	0.0%	$103.70	+98.9%	COMM	882508104
SBUX	Starbucks	11,095 (-7.9%)	$1 (-2.0%)	0.1%	$52.17	+79.5%	COMM	855244109
CSL	Carlisle Companies	886 (-1.1%)	$0 (+3.1%)	0.0%	$377.36	-1.6%	COMM	142339100
MCD	McDonald's	71,541 (-1.6%)	$22 (+0.0%)	2.4%	$75.54	+320.0%	COMM	580135101
WSM	Williams Sonoma	3,400 (-2.9%)	$1 (-0.8%)	0.1%	$91.96	+126.0%	COMM	969904101

Unchanged Positions (81)

INTU Intuit 1.9%

Value ($000) $17 Shares 39,743 Est. Cost $122.30 Unrealized +306.8%

LLY Eli Lilly 4.4%

Value ($000) $40 Shares 43,827 Est. Cost $111.23 Unrealized +841.4%

MPC Marathon Petroleum 2.0%

Value ($000) $19 Shares 76,779 Est. Cost $37.92 Unrealized +387.0%

ABT Abbott Labs 2.4%

Value ($000) $22 Shares 210,544 Est. Cost $41.94 Unrealized +175.2%

JNJ Johnson & Johnson 2.7%

Value ($000) $25 Shares 100,652 Est. Cost $67.40 Unrealized +238.1%

NEE NextEra Energy 2.5%

Value ($000) $23 Shares 249,435 Est. Cost $57.22 Unrealized +52.3%

SYK Stryker 4.0%

Value ($000) $37 Shares 111,497 Est. Cost $71.12 Unrealized +412.7%

COST Costco Wholesale 1.9%

Value ($000) $18 Shares 17,918 Est. Cost $353.30 Unrealized +172.8%

VEEV Veeva Systems 'A' 0.5%

Value ($000) $5 Shares 27,069 Est. Cost $237.92 Unrealized -14.3%

ABBV AbbVie 2.3%

Value ($000) $21 Shares 95,493 Est. Cost $35.96 Unrealized +519.0%

WMT Walmart 1.0%

Value ($000) $10 Shares 77,479 Est. Cost $45.02 Unrealized +171.0%

KO Coca-Cola 1.4%

Value ($000) $13 Shares 168,148 Est. Cost $28.11 Unrealized +165.9%

MRK Merck 0.7%

Value ($000) $7 Shares 56,376 Est. Cost $47.25 Unrealized +141.8%

APD Air Products & Chemicals 0.5%

Value ($000) $5 Shares 15,730 Est. Cost $69.50 Unrealized +290.6%

DE Deere & Company 0.4%

Value ($000) $4 Shares 6,853 Est. Cost $145.99 Unrealized +277.7%

ISRG Intuitive Surgical 0.3%

Value ($000) $2 Shares 5,144 Est. Cost $262.44 Unrealized +98.5%

COP ConocoPhillips 0.2%

Value ($000) $2 Shares 12,991 Est. Cost $83.37 Unrealized +23.1%

BDX Becton, Dickinson 0.2%

Value ($000) $2 Shares 13,101 Est. Cost $170.84 Unrealized -1.8%

IBM IBM 0.2%

Value ($000) $2 Shares 8,257 Est. Cost $120.24 Unrealized +136.1%

CVX Chevron 0.2%

Value ($000) $2 Shares 7,866 Est. Cost $90.00 Unrealized +91.0%

RTX RTX Corporation 0.9%

Value ($000) $8 Shares 43,314 Est. Cost $57.69 Unrealized +240.8%

AMGN Amgen 0.4%

Value ($000) $4 Shares 10,793 Est. Cost $82.02 Unrealized +326.3%

GILD Gilead Sciences 0.2%

Value ($000) $2 Shares 13,440 Est. Cost $56.43 Unrealized +145.2%

TMO Thermo Fisher Scientific 0.1%

Value ($000) $1 Shares 2,457 Est. Cost $470.78 Unrealized +22.1%

ORCL Oracle 0.1%

Value ($000) $1 Shares 3,885 Est. Cost $63.75 Unrealized +166.1%

JKHY Jack Henry & Associates 0.1%

Value ($000) $1 Shares 7,169 Est. Cost $64.15 Unrealized +173.4%

ULTA Ulta Beauty 0.1%

Value ($000) $1 Shares 1,950 Est. Cost $330.63 Unrealized +102.6%

ROST Ross Stores 0.1%

Value ($000) $1 Shares 4,390 Est. Cost $39.98 Unrealized +381.2%

GEV GE Vernova 0.1%

Value ($000) $1 Shares 660 Est. Cost $415.97 Unrealized +77.2%

DIS Disney, Walt 0.1%

Value ($000) $1 Shares 8,087 Est. Cost $92.39 Unrealized +18.5%

EOG EOG Resources 0.1%

Value ($000) $0 Shares 3,363 Est. Cost $60.19 Unrealized +86.3%

HSY Hershey Company 0.1%

Value ($000) $1 Shares 5,331 Est. Cost $170.33 Unrealized +20.2%

BAC Bank of America 0.1%

Value ($000) $1 Shares 20,385 Est. Cost $23.90 Unrealized +124.5%

MMM 3M Company 0.1%

Value ($000) $1 Shares 8,453 Est. Cost $78.27 Unrealized +109.5%

RBC RBC Bearings 0.1%

Value ($000) $1 Shares 1,290 Est. Cost $232.37 Unrealized +122.8%

GLW Corning 0.0%

Value ($000) $0 Shares 2,477 Est. Cost $64.97 Unrealized +71.9%

— Fortune Brands Home & Security 0.0%

Value ($000) $0 Shares 10,347 Est. Cost $66.64 Unrealized —

TRMB Trimble 0.1%

Value ($000) $1 Shares 8,700 Est. Cost $30.56 Unrealized +132.4%

JPM JPMorgan Chase 0.1%

Value ($000) $1 Shares 4,000 Est. Cost $67.99 Unrealized +358.1%

LOW Lowe's 0.5%

Value ($000) $5 Shares 19,372 Est. Cost $44.88 Unrealized +504.9%

SHW Sherwin-Williams 0.8%

Value ($000) $7 Shares 22,513 Est. Cost $238.51 Unrealized +49.0%

T AT&T 0.1%

Value ($000) $1 Shares 21,986 Est. Cost $12.93 Unrealized +99.1%

ALCO Alico 0.1%

Value ($000) $1 Shares 17,866 Est. Cost $27.33 Unrealized +45.6%

HPQ HP 0.1%

Value ($000) $1 Shares 27,700 Est. Cost $11.22 Unrealized +76.2%

LHX L3 Harris Technologies 0.1%

Value ($000) $1 Shares 1,595 Est. Cost $180.73 Unrealized +89.9%

PANW Palo Alto Networks 0.1%

Value ($000) $1 Shares 3,415 Est. Cost $156.81 Unrealized +9.8%

— Linde plc 0.1%

Value ($000) $1 Shares 1,076 Est. Cost $0.37 Unrealized —

CSX CSX 0.1%

Value ($000) $1 Shares 13,368 Est. Cost $26.09 Unrealized +47.6%

KMI Kinder Morgan Delaware 0.0%

Value ($000) $0 Shares 10,000 Est. Cost $13.20 Unrealized +125.4%

EMR Emerson Electric 0.5%

Value ($000) $4 Shares 33,356 Est. Cost $42.81 Unrealized +246.9%

GE GE Aerospace 0.1%

Value ($000) $1 Shares 2,278 Est. Cost $89.53 Unrealized +255.4%

GPC Genuine Parts 0.0%

Value ($000) $0 Shares 3,305 Est. Cost $68.88 Unrealized +93.8%

PPG PPG Industries 0.1%

Value ($000) $1 Shares 12,457 Est. Cost $91.06 Unrealized +28.3%

FLO Flowers Foods 0.0%

Value ($000) $0 Shares 20,100 Est. Cost $13.95 Unrealized -22.4%

DUK Duke Energy 0.1%

Value ($000) $0 Shares 3,790 Est. Cost $66.83 Unrealized +80.9%

EXPD Expeditors Int'l 0.1%

Value ($000) $1 Shares 8,750 Est. Cost $41.10 Unrealized +281.6%

EW Edwards Lifesciences 0.1%

Value ($000) $1 Shares 9,060 Est. Cost $72.35 Unrealized +13.3%

CARR Carrier Global 0.1%

Value ($000) $1 Shares 14,420 Est. Cost $18.65 Unrealized +219.9%

UNH UnitedHealth Group 0.0%

Value ($000) $0 Shares 767 Est. Cost $340.12 Unrealized -9.2%

PFF iShares S&P US Pfd ETF 0.2%

Value ($000) $2 Shares 63,062 Est. Cost $37.44 Unrealized —

OTIS Otis Worldwide 0.0%

Value ($000) $0 Shares 4,027 Est. Cost $50.86 Unrealized +76.0%

TSCO Tractor Supply Company 0.0%

Value ($000) $0 Shares 8,160 Est. Cost $51.31 Unrealized +2.8%

BRK/A Berkshire Hathaway 'A' 0.1%

Value ($000) $1 Shares 1 Est. Cost $199512.94 Unrealized +271.1%

ETN Eaton 0.0%

Value ($000) $0 Shares 921 Est. Cost $211.92 Unrealized +66.9%

CSCO Cisco Systems 0.4%

Value ($000) $4 Shares 46,533 Est. Cost $16.31 Unrealized +377.6%

DRI Darden Restaurants 0.1%

Value ($000) $0 Shares 2,500 Est. Cost $147.14 Unrealized +41.0%

RHHBY Roche Holding Ltd ADR 0.1%

Value ($000) $1 Shares 12,100 Est. Cost $48.75 Unrealized —

IMRX Immuneering Corp 'A' 0.0%

Value ($000) $0 Shares 15,000 Est. Cost $5.19 Unrealized -1.3%

— CIGNA 0.1%

Value ($000) $1 Shares 2,317 Est. Cost $0.36 Unrealized —

AME Ametek 0.0%

Value ($000) $0 Shares 2,075 Est. Cost $154.26 Unrealized +44.7%

TT Trane Technologies plc 0.0%

Value ($000) $0 Shares 565 Est. Cost $313.71 Unrealized +34.6%

WM Waste Management 0.0%

Value ($000) $0 Shares 1,152 Est. Cost $147.68 Unrealized +53.1%

CMI Cummins 0.0%

Value ($000) $0 Shares 422 Est. Cost $466.32 Unrealized +23.4%

TMUS T-Mobile US 0.0%

Value ($000) $0 Shares 1,480 Est. Cost $138.65 Unrealized +44.4%

RSG Republic Services 0.0%

Value ($000) $0 Shares 1,275 Est. Cost $151.78 Unrealized +42.7%

NSC Norfolk Southern 0.1%

Value ($000) $1 Shares 4,025 Est. Cost $165.22 Unrealized +80.5%

INGR Ingredion 0.0%

Value ($000) $0 Shares 3,000 Est. Cost $80.34 Unrealized +44.6%

GD General Dynamics 0.0%

Value ($000) $0 Shares 700 Est. Cost $255.81 Unrealized +38.6%

HPE Hewlett Packard Enterprise 0.0%

Value ($000) $0 Shares 19,200 Est. Cost $6.50 Unrealized +239.6%

ALL Allstate 0.0%

Value ($000) $0 Shares 2,000 Est. Cost $86.64 Unrealized +134.2%

BSTK Brite-Strike Tactical Illumina 0.0%

Value ($000) $0 Shares 53,000 Est. Cost $0.02 Unrealized -38.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
INTU	Intuit	39,743	$17	1.9%	$122.30	+306.8%	COMM	461202103
LLY	Eli Lilly	43,827	$40	4.4%	$111.23	+841.4%	COMM	532457108
MPC	Marathon Petroleum	76,779	$19	2.0%	$37.92	+387.0%	COMM	56585A102
ABT	Abbott Labs	210,544	$22	2.4%	$41.94	+175.2%	COMM	002824100
JNJ	Johnson & Johnson	100,652	$25	2.7%	$67.40	+238.1%	COMM	478160104
NEE	NextEra Energy	249,435	$23	2.5%	$57.22	+52.3%	COMM	65339F101
SYK	Stryker	111,497	$37	4.0%	$71.12	+412.7%	COMM	863667101
COST	Costco Wholesale	17,918	$18	1.9%	$353.30	+172.8%	COMM	22160K105
VEEV	Veeva Systems 'A'	27,069	$5	0.5%	$237.92	-14.3%	COMM	922475108
ABBV	AbbVie	95,493	$21	2.3%	$35.96	+519.0%	COMM	00287Y109
WMT	Walmart	77,479	$10	1.0%	$45.02	+171.0%	COMM	931142103
KO	Coca-Cola	168,148	$13	1.4%	$28.11	+165.9%	COMM	191216100
MRK	Merck	56,376	$7	0.7%	$47.25	+141.8%	COMM	58933Y105
APD	Air Products & Chemicals	15,730	$5	0.5%	$69.50	+290.6%	COMM	009158106
DE	Deere & Company	6,853	$4	0.4%	$145.99	+277.7%	COMM	244199105
ISRG	Intuitive Surgical	5,144	$2	0.3%	$262.44	+98.5%	COMM	46120E602
COP	ConocoPhillips	12,991	$2	0.2%	$83.37	+23.1%	COMM	20825C104
BDX	Becton, Dickinson	13,101	$2	0.2%	$170.84	-1.8%	COMM	075887109
IBM	IBM	8,257	$2	0.2%	$120.24	+136.1%	COMM	459200101
CVX	Chevron	7,866	$2	0.2%	$90.00	+91.0%	COMM	166764100
RTX	RTX Corporation	43,314	$8	0.9%	$57.69	+240.8%	COMM	75513E101
AMGN	Amgen	10,793	$4	0.4%	$82.02	+326.3%	COMM	031162100
GILD	Gilead Sciences	13,440	$2	0.2%	$56.43	+145.2%	COMM	375558103
TMO	Thermo Fisher Scientific	2,457	$1	0.1%	$470.78	+22.1%	COMM	883556102
ORCL	Oracle	3,885	$1	0.1%	$63.75	+166.1%	COMM	68389X105
JKHY	Jack Henry & Associates	7,169	$1	0.1%	$64.15	+173.4%	COMM	426281101
ULTA	Ulta Beauty	1,950	$1	0.1%	$330.63	+102.6%	COMM	90384S303
ROST	Ross Stores	4,390	$1	0.1%	$39.98	+381.2%	COMM	778296103
GEV	GE Vernova	660	$1	0.1%	$415.97	+77.2%	COMM	36828A101
DIS	Disney, Walt	8,087	$1	0.1%	$92.39	+18.5%	COMM	254687106
EOG	EOG Resources	3,363	$0	0.1%	$60.19	+86.3%	COMM	26875P101
HSY	Hershey Company	5,331	$1	0.1%	$170.33	+20.2%	COMM	427866108
BAC	Bank of America	20,385	$1	0.1%	$23.90	+124.5%	COMM	060505104
MMM	3M Company	8,453	$1	0.1%	$78.27	+109.5%	COMM	88579Y101
RBC	RBC Bearings	1,290	$1	0.1%	$232.37	+122.8%	COMM	75524B104
GLW	Corning	2,477	$0	0.0%	$64.97	+71.9%	COMM	219350105
—	Fortune Brands Home & Security	10,347	$0	0.0%	$66.64	—	COMM	34964c106
TRMB	Trimble	8,700	$1	0.1%	$30.56	+132.4%	COMM	896239100
JPM	JPMorgan Chase	4,000	$1	0.1%	$67.99	+358.1%	COMM	46625H100
LOW	Lowe's	19,372	$5	0.5%	$44.88	+504.9%	COMM	548661107
SHW	Sherwin-Williams	22,513	$7	0.8%	$238.51	+49.0%	COMM	824348106
T	AT&T	21,986	$1	0.1%	$12.93	+99.1%	COMM	00206R102
ALCO	Alico	17,866	$1	0.1%	$27.33	+45.6%	COMM	016230104
HPQ	HP	27,700	$1	0.1%	$11.22	+76.2%	COMM	40434L105
LHX	L3 Harris Technologies	1,595	$1	0.1%	$180.73	+89.9%	COMM	502431109
PANW	Palo Alto Networks	3,415	$1	0.1%	$156.81	+9.8%	COMM	697435105
—	Linde plc	1,076	$1	0.1%	$0.37	—	COMM	G5494J103
CSX	CSX	13,368	$1	0.1%	$26.09	+47.6%	COMM	126408103
KMI	Kinder Morgan Delaware	10,000	$0	0.0%	$13.20	+125.4%	COMM	49456B101
EMR	Emerson Electric	33,356	$4	0.5%	$42.81	+246.9%	COMM	291011104
GE	GE Aerospace	2,278	$1	0.1%	$89.53	+255.4%	COMM	369604301
GPC	Genuine Parts	3,305	$0	0.0%	$68.88	+93.8%	COMM	372460105
PPG	PPG Industries	12,457	$1	0.1%	$91.06	+28.3%	COMM	693506107
FLO	Flowers Foods	20,100	$0	0.0%	$13.95	-22.4%	COMM	343498101
DUK	Duke Energy	3,790	$0	0.1%	$66.83	+80.9%	COMM	26441C204
EXPD	Expeditors Int'l	8,750	$1	0.1%	$41.10	+281.6%	COMM	302130109
EW	Edwards Lifesciences	9,060	$1	0.1%	$72.35	+13.3%	COMM	28176E108
CARR	Carrier Global	14,420	$1	0.1%	$18.65	+219.9%	COMM	14448C104
UNH	UnitedHealth Group	767	$0	0.0%	$340.12	-9.2%	COMM	91324P102
PFF	iShares S&P US Pfd ETF	63,062	$2	0.2%	$37.44	—	DEBT	464288687
OTIS	Otis Worldwide	4,027	$0	0.0%	$50.86	+76.0%	COMM	68902V107
TSCO	Tractor Supply Company	8,160	$0	0.0%	$51.31	+2.8%	COMM	892356106
BRK/A	Berkshire Hathaway 'A'	1	$1	0.1%	$199512.94	+271.1%	COMM	084670108
ETN	Eaton	921	$0	0.0%	$211.92	+66.9%	COMM	G29183103
CSCO	Cisco Systems	46,533	$4	0.4%	$16.31	+377.6%	COMM	17275R102
DRI	Darden Restaurants	2,500	$0	0.1%	$147.14	+41.0%	COMM	237194105
RHHBY	Roche Holding Ltd ADR	12,100	$1	0.1%	$48.75	—	COMM	771195104
IMRX	Immuneering Corp 'A'	15,000	$0	0.0%	$5.19	-1.3%	COMM	45254E107
—	CIGNA	2,317	$1	0.1%	$0.36	—	COMM	125509109
AME	Ametek	2,075	$0	0.0%	$154.26	+44.7%	COMM	031100100
TT	Trane Technologies plc	565	$0	0.0%	$313.71	+34.6%	COMM	G8994E103
WM	Waste Management	1,152	$0	0.0%	$147.68	+53.1%	COMM	94106L109
CMI	Cummins	422	$0	0.0%	$466.32	+23.4%	COMM	231021106
TMUS	T-Mobile US	1,480	$0	0.0%	$138.65	+44.4%	COMM	872590104
RSG	Republic Services	1,275	$0	0.0%	$151.78	+42.7%	COMM	760759100
NSC	Norfolk Southern	4,025	$1	0.1%	$165.22	+80.5%	COMM	655844108
INGR	Ingredion	3,000	$0	0.0%	$80.34	+44.6%	COMM	457187102
GD	General Dynamics	700	$0	0.0%	$255.81	+38.6%	COMM	369550108
HPE	Hewlett Packard Enterprise	19,200	$0	0.0%	$6.50	+239.6%	COMM	42824C109
ALL	Allstate	2,000	$0	0.0%	$86.64	+134.2%	COMM	020002101
BSTK	Brite-Strike Tactical Illumina	53,000	$0	0.0%	$0.02	-38.4%	COMM	11041N206