Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (27 quarters reported)
$394M in Q4 2019 → $878M now. Hover for any quarter.
As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| AD Automatic Data Processing In | 5.5% | Added 4.5% | 216,593 | $48.5M |
| EE Emerson Elec Co | 5.4% | Added 1.0% | 329,473 | $47.2M |
| M& M & T Bk Corp | 5.1% | Trimmed 15% | 187,183 | $44.6M |
| Visa Inc | 5.0% | Added 1.6% | 128,617 | $44.1M |
| Abbott Laboratories | 4.6% | Added 34% | 447,583 | $40.6M |
| LE Lincoln Elec Hldgs Inc | 4.5% | Added 5.1% | 148,908 | $39.5M |
| Analog Devices Inc | 4.5% | Trimmed 16% | 98,731 | $39.2M |
| Johnson & Johnson | 4.3% | Added 0.5% | 147,057 | $37.3M |
| Microsoft Corp | 4.2% | Added 0.7% | 99,290 | $37M |
| Pepsico Inc | 4.2% | Added 5.4% | 269,725 | $36.5M |
| Deere & Co | 4.1% | Added 0.1% | 56,837 | $36.1M |
| Jpmorgan Chase & Co | 3.8% | Trimmed 0.0% | 103,185 | $33.8M |
| Fastenal Co | 3.7% | Added 0.4% | 675,693 | $32.5M |
| Alphabet Inc | 3.7% | Trimmed 4.0% | 90,198 | $32.2M |
| Ralph Lauren Corp | 3.5% | Trimmed 0.6% | 76,328 | $30.6M |
| Snap On Inc | 3.2% | Trimmed 10% | 70,538 | $28.4M |
| Amgen Inc | 3.1% | Added 0.2% | 75,077 | $27.2M |
| Boeing Co | 3.1% | Added 1.1% | 125,545 | $27.2M |
| Brown & Brown Inc | 3.1% | New | 418,399 | $26.8M |
| Walmart Inc | 3.0% | Added 0.5% | 236,429 | $26.8M |
| M Mcdonalds Corp | 2.8% | Added 52% | 91,300 | $24.7M |
| Costco Wholesale Corporation | 2.8% | Added 0.9% | 26,215 | $24.5M |
| Apple Inc | 2.7% | Trimmed 0.7% | 83,212 | $24.1M |
| BH Berkshire Hathaway Inc Del | 2.5% | Added 1.1% | 43,653 | $21.8M |
| Chevron Corporation | 2.0% | Trimmed 8.7% | 108,453 | $18M |
| Cummins Inc | 0.3% | Trimmed 17% | 3,951 | $2.82M |
| LC Lowes Cos Inc | 0.3% | Trimmed 1.9% | 11,451 | $2.52M |
| Paycom Software Inc | 0.3% | Added 0.2% | 19,343 | $2.43M |
| Zimmer Biomet Holdings Inc | 0.3% | Trimmed 4.6% | 26,625 | $2.29M |
| Alphabet Inc | 0.3% | Trimmed 2.3% | 6,434 | $2.27M |
| Intuit | 0.2% | Added 20% | 8,132 | $2.12M |
| Meta Platforms Inc | 0.2% | Added 0.3% | 3,595 | $2.03M |
| Hershey Co | 0.2% | Added 26% | 11,176 | $1.96M |
| Lululemon Athletica Inc | 0.2% | Added 1.7% | 14,908 | $1.7M |
| Starbucks Corp | 0.2% | Trimmed 94% | 15,131 | $1.55M |
| Mastercard Incorporated | 0.2% | Added 2.5% | 2,997 | $1.54M |
| KC Kinsale Cap Group Inc | 0.2% | Added 25% | 4,585 | $1.51M |
| Merck & Co Inc | 0.2% | Trimmed 1.9% | 11,574 | $1.49M |
| Waters Corp | 0.2% | Trimmed 1.7% | 3,720 | $1.4M |
| MG Mercury Genl Corp New | 0.2% | Trimmed 2.3% | 12,841 | $1.37M |
| Adobe Inc | 0.2% | Trimmed 3.9% | 6,677 | $1.37M |
| Shell PLC | 0.1% | Trimmed 1.2% | 15,352 | $1.19M |
| AD Advanced Drain Sys Inc Del | 0.1% | Added 12% | 7,512 | $1.18M |
| AP Accenture PLC Ireland | 0.1% | Trimmed 3.1% | 9,073 | $1.13M |
| Public Storage | 0.1% | Trimmed 31% | 3,420 | $1.09M |
| Tapestry Inc | 0.1% | Trimmed 5.7% | 7,001 | $1.02M |
| Ametek Inc | 0.1% | Added 0.7% | 4,235 | $1.02M |
| DW Disney Walt Co | 0.1% | Added 0.8% | 10,349 | $996K |
| Williams Sonoma Inc | 0.1% | Added 1.4% | 3,585 | $836K |
| TI Texas Instrs Inc | 0.1% | Trimmed 35% | 2,725 | $812K |
| PM Philip Morris Intl Inc | 0.1% | Trimmed 4.6% | 4,276 | $774K |
| Amazon Com Inc | 0.1% | Trimmed 1.8% | 3,081 | $734K |
| UP United Parcel Svcs Inc | 0.1% | Added 2.4% | 6,552 | $704K |
| Lockheed Martin Corp | 0.1% | Added 0.3% | 1,345 | $685K |
| DG Dollar Gen Corp | 0.1% | Added 2.5% | 5,795 | $667K |
| NS Nxp Semiconductors N V | 0.1% | Trimmed 30% | 2,172 | $610K |
| Home Depot Inc | 0.1% | Unchanged | 1,568 | $553K |
| DE Duke Energy Corp New | 0.1% | Unchanged | 3,648 | $462K |
| Kla Corp | 0.1% | Added 604% | 1,500 | $453K |
| Paychex Inc | 0.1% | New | 4,593 | $452K |
Showing top 60 of 73 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 10, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Brown & Brown Inc | New | +418,399 | +$26.8M | 3.1% |
| Nike Inc | Exited | −500,596 | −$26.4M | — |
| Starbucks Corp | Trimmed | −258,159 | −$26.4M | 0.2% |
| Abbott Laboratories | Added | +114,456 | +$10.4M | 4.6% |
| M Mcdonalds Corp | Added | +31,315 | +$8.46M | 2.8% |
| M& M & T Bk Corp | Trimmed | −32,853 | −$7.82M | 5.1% |
| Analog Devices Inc | Trimmed | −18,124 | −$7.2M | 4.5% |
| Snap On Inc | Trimmed | −8,233 | −$3.31M | 3.2% |
| AD Automatic Data Processing In | Added | +9,380 | +$2.1M | 5.5% |
| LE Lincoln Elec Hldgs Inc | Added | +7,234 | +$1.92M | 4.5% |
Showing the 10 largest of 69 changes.
quarter ended March 31, 2026 · filed May 04, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AD Automatic Data Processing In | New | +207,213 | +$42.1M | 4.9% |
| Paychex Inc | Exited | −273,824 | −$30.7M | — |
| Abbott Laboratories | Added | +135,846 | +$13.9M | 4.0% |
| Chevron Corporation | Trimmed | −65,154 | −$13.5M | 2.9% |
| Visa Inc | Added | +36,757 | +$11.1M | 4.5% |
| EE Emerson Elec Co | Added | +76,875 | +$10.1M | 5.0% |
| Microsoft Corp | Added | +22,586 | +$8.36M | 4.3% |
| Starbucks Corp | Trimmed | −86,937 | −$7.79M | 2.9% |
| M& M & T Bk Corp | Trimmed | −29,953 | −$6.19M | 5.3% |
| Snap On Inc | Trimmed | −15,179 | −$5.51M | 3.4% |
Showing the 10 largest of 72 changes.
quarter ended December 31, 2025 · filed January 28, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Brown Forman Corp | Trimmed | −492,416 | −$12.8M | 0.1% |
| Paychex Inc | Added | +54,824 | +$6.15M | 3.6% |
| Fastenal Co | Added | +141,354 | +$5.67M | 3.2% |
| Johnson & Johnson | Trimmed | −26,490 | −$5.48M | 3.9% |
| Boeing Co | Added | +24,628 | +$5.35M | 3.1% |
| Pepsico Inc | Trimmed | −35,803 | −$5.14M | 4.3% |
| AL Abbott Labs | Added | +39,135 | +$4.9M | 2.9% |
| Starbucks Corp | Added | +46,822 | +$3.94M | 3.6% |
| Analog Devices Inc | Trimmed | −11,791 | −$3.2M | 4.2% |
| Ralph Lauren Corp | Trimmed | −6,991 | −$2.47M | 3.4% |
Showing the 10 largest of 88 changes.
quarter ended September 30, 2025 · filed October 22, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Paychex Inc | Added | +89,576 | +$11.4M | 3.3% |
| LE Lincoln Elec Hldgs Inc | Trimmed | −29,805 | −$7.03M | 4.4% |
| Fastenal Co | Trimmed | −135,530 | −$6.65M | 3.1% |
| Johnson & Johnson | Trimmed | −31,434 | −$5.83M | 4.1% |
| Pepsico Inc | Added | +40,741 | +$5.72M | 4.9% |
| Brown Forman Corp | Trimmed | −204,038 | −$5.53M | 1.7% |
| EE Emerson Elec Co | Trimmed | −35,202 | −$4.62M | 3.9% |
| Analog Devices Inc | Trimmed | −14,107 | −$3.47M | 4.2% |
| Ralph Lauren Corp | Trimmed | −8,839 | −$2.77M | 3.3% |
| Alphabet Inc | Trimmed | −10,015 | −$2.43M | 3.3% |
Showing the 10 largest of 83 changes.
quarter ended June 30, 2025 · filed July 23, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Fastenal Co | Added | +331,914 | +$13.9M | 3.5% |
| CN Chevron Corp New | Added | +35,142 | +$5.03M | 3.4% |
| Snap On Inc | Added | +15,437 | +$4.8M | 3.5% |
| Microsoft Corp | Trimmed | −9,156 | −$4.55M | 4.9% |
| Nike Inc | Added | +61,917 | +$4.4M | 4.2% |
| Starbucks Corp | Added | +35,152 | +$3.22M | 3.4% |
| M& M & T Bk Corp | Added | +16,426 | +$3.19M | 6.0% |
| Deere & Co | Trimmed | −5,966 | −$3.03M | 3.8% |
| Ralph Lauren Corp | Trimmed | −10,077 | −$2.76M | 3.3% |
| Pepsico Inc | Added | +18,364 | +$2.42M | 4.1% |
Showing the 10 largest of 66 changes.
quarter ended March 31, 2025 · filed April 22, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Brown Forman Corp | Added | +229,697 | +$7.8M | 3.2% |
| Ralph Lauren Corp | Trimmed | −33,006 | −$7.29M | 3.1% |
| M& M & T Bk Corp | Added | +33,279 | +$5.95M | 5.4% |
| PT Price T Rowe Group Inc | Trimmed | −63,334 | −$5.82M | 0.1% |
| Walmart Inc | Trimmed | −63,953 | −$5.61M | 3.2% |
| LE Lincoln Elec Hldgs Inc | Added | +24,416 | +$4.62M | 4.6% |
| M Mcdonalds Corp | Trimmed | −12,189 | −$3.81M | 2.6% |
| BH Berkshire Hathaway Inc Del | Trimmed | −5,724 | −$3.05M | 3.1% |
| AL Abbott Labs | Trimmed | −19,174 | −$2.54M | 2.7% |
| Pepsico Inc | Added | +16,036 | +$2.4M | 4.5% |
Showing the 10 largest of 65 changes.
quarter ended December 31, 2024 · filed January 27, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| PT Price T Rowe Group Inc | Trimmed | −166,132 | −$18.8M | 1.0% |
| Paychex Inc | Added | +119,472 | +$16.8M | 2.2% |
| M& M & T Bk Corp | Trimmed | −42,274 | −$7.95M | 4.9% |
| Starbucks Corp | Trimmed | −76,217 | −$6.95M | 3.4% |
| Deere & Co | Trimmed | −13,948 | −$5.91M | 3.9% |
| LE Lincoln Elec Hldgs Inc | Added | +30,896 | +$5.79M | 3.9% |
| Jpmorgan Chase & Co. | Trimmed | −13,665 | −$3.28M | 3.6% |
| Johnson & Johnson | Added | +22,527 | +$3.26M | 4.0% |
| EE Emerson Elec Co | Trimmed | −25,525 | −$3.16M | 4.5% |
| Walmart Inc | Trimmed | −34,113 | −$3.08M | 4.1% |
Showing the 10 largest of 64 changes.
quarter ended September 30, 2024 · filed October 28, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| LE Lincoln Elec Hldgs Inc | New | +128,130 | +$24.6M | 3.2% |
| MG Mercury Genl Corp New | Trimmed | −386,724 | −$24.4M | 0.3% |
| Snap On Inc | New | +68,452 | +$19.8M | 2.6% |
| M& M & T Bk Corp | Trimmed | −95,900 | −$17.1M | 5.5% |
| Nike Inc | Added | +74,721 | +$6.61M | 4.4% |
| Walmart Inc | Trimmed | −44,200 | −$3.57M | 3.9% |
| Brown Forman Corp | Trimmed | −66,616 | −$3.28M | 3.0% |
| EE Emerson Elec Co | Added | +28,152 | +$3.08M | 4.3% |
| CN Chevron Corp New | Added | +18,568 | +$2.73M | 2.6% |
| Apple Inc | Trimmed | −11,513 | −$2.68M | 3.1% |
Showing the 10 largest of 63 changes.
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