SEC 13F Intelligence

Managers / Q4 2022 · view latest →

WENDELL DAVID ASSOCIATES INC

CIK 0000878228 · 1 NEW HAMPSHIRE AVENUE, SUITE 300, PORTSMOUTH, NH, 03801-2904 · 6034270200

Reported Value
$814M
Q4 2022
Positions
146
Filings on Record
29
2019–present window
Filed
Jan 17, 2023
original filing

Summary

Wendell David Associates Inc reported $814M in U.S.-listed holdings across 146 positions for Q4 2022.

Its largest position, MA, represents 5.6% of the portfolio.

Compared with Q3 2022, the fund opened 4 new positions and exited 3.

Portfolio Metrics

Turnover
+1.8%
vs prior filed quarter
Top-10 Concentration
+38.9%
share of reported value
Largest Position
+5.6%
Mastercard
New / Exited
4 / 3
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $642MQ1 ’19Q2 ’19: $666MQ3 ’19: $683MQ4 ’19: $726MQ1 ’20: $591MQ1 ’20Q2 ’20: $690MQ3 ’20: $750MQ4 ’20: $818MQ1 ’21: $831MQ1 ’21Q2 ’21: $893MQ3 ’21: $897MQ4 ’21: $988MQ1 ’22: $898MQ1 ’22Q2 ’22: $786MQ3 ’22: $743MQ4 ’22: $814MQ1 ’23: $843MQ1 ’23Q2 ’23: $885MQ3 ’23: $850MQ4 ’23: $928MQ1 ’24: $990MQ1 ’24Q2 ’24: $981MQ3 ’24: $1.0BQ4 ’24: $1.0BQ1 ’25: $1.0BQ1 ’25Q2 ’25: $994MQ3 ’25: $1.0BQ4 ’25: $984MQ1 ’26: $919MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 97.0%REIT: 1.5%ADR: 0.7%ETP: 0.7%Other: 0.1%
  • Common Stock · 97.0% · $789M
  • REIT · 1.5% · $12M
  • ADR · 0.7% · $6M
  • ETP · 0.7% · $5M
  • Other · 0.1% · $795,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TMUST-Mobile USNEW+4.4K4.4K+$621,000$621,000
WYWeyerhaeuserNEW+6.7K6.7K+$207,000$207,000
Linde plcNEW+625625+$204,000$204,000
MBCMasterbrandNEW+10.3K10.3K+$78,000$78,000
TECHBio-TechneADDED+3.5K4.6K+$54,000$381,000
GNRCGenerac HoldingsSOLD OUT−2.7K0−$484,000$0
BMOBank of MontrealSOLD OUT−2.3K0−$202,000$0
WMWaste ManagementSOLD OUT−1.3K0−$200,000$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2022

146 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MAMastercardhistory →COMM5.58%$45M130.7K
2ADPAutomatic Data Processinghistory →COMM5.52%$45M187.9K
3AAPLApplehistory →COMM5.17%$42M323.6K
4TJXTJX Companieshistory →COMM4.05%$33M413.9K
5MSFTMicrosofthistory →COMM4.04%$33M137.0K
6SYKStrykerhistory →COMM3.77%$31M125.5K
7ABTAbbott Labshistory →COMM2.99%$24M221.6K
8NKENIKE 'B'history →COMM2.71%$22M188.4K
9DHRDanaherhistory →COMM2.54%$21M77.9K
10MCDMcDonald'shistory →COMM2.50%$20M77.1K
11JNJJohnson & Johnsonhistory →COMM2.35%$19M108.3K
12NEENextEra Energyhistory →COMM2.26%$18M220.4K
13FISVFiservhistory →COMM2.19%$18M176.6K
14MKCMcCormickhistory →COMM2.04%$17M200.2K
15PEPPepsiCohistory →COMM2.02%$16M90.9K
16ABBVAbbViehistory →COMM2.02%$16M101.6K
17LLYLilly, Elihistory →COMM1.80%$15M40.1K
18CHDChurch & Dwighthistory →COMM1.80%$15M181.4K
19PGProcter & Gamblehistory →COMM1.74%$14M93.5K
20BRBroadridge Financial Solutionshistory →COMM1.73%$14M104.7K
21INTUIntuithistory →COMM1.73%$14M36.1K
22FDSFactSet Research Systemshistory →COMM1.54%$13M31.2K
23KOCoca-Colahistory →COMM1.48%$12M188.7K
24ECLEcolabhistory →COMM1.33%$11M74.2K
25AMTAmerican Tower REIThistory →COMM1.31%$11M50.3K
26EXMOCExxonMobilhistory →COMM1.30%$11M95.9K
27GOOGLAlphabet Class Ahistory →COMM1.28%$10M118.3K
28HDHome Depothistory →COMM1.12%$9M28.8K
29MPCMarathon Petroleumhistory →COMM1.11%$9M77.6K
30WSOWatscoCOMM0.96%$8M31.4K
31IDXXIDEXX LabsCOMM0.95%$8M19.0K
32CLColgate-PalmoliveCOMM0.85%$7M88.1K
33ACNAccenture 'A'COMM0.85%$7M25.8K
34COSTCostco WholesaleCOMM0.84%$7M15.0K
35RTXRaytheon TechnologiesCOMM0.83%$7M66.6K
36DGDollar GeneralCOMM0.73%$6M24.3K
37BF/BBrown-Forman 'B'COMM0.73%$6M90.2K
38SHWSherwin-WilliamsCOMM0.72%$6M24.7K
39QCOMQUALCOMMCOMM0.71%$6M52.2K
40MRKMerckCOMM0.69%$6M50.6K
41APDAir Products & ChemicalsCOMM0.64%$5M16.8K
42NVONovo Nordisk ADRCOMM0.63%$5M37.7K
43PFFiShares S&P US Pfd ETFDEBT0.62%$5M166.1K
44ITWIllinois Tool WorksCOMM0.61%$5M22.6K
45PAYXPaychexCOMM0.60%$5M42.5K
46SYYSyscoCOMM0.60%$5M64.1K
47LOWLowe'sCOMM0.60%$5M24.5K
48EWEdwards LifesciencesCOMM0.60%$5M64.9K
49BRK/BBerkshire Hathaway 'B'COMM0.54%$4M14.1K
50HONHoneywell Int'lCOMM0.53%$4M20.1K
51WMTWalmartCOMM0.53%$4M30.3K
52BDXBecton, DickinsonCOMM0.51%$4M16.2K
53VVisaCOMM0.48%$4M18.9K
54DEDeere & CompanyCOMM0.43%$4M8.2K
55AMZNAmazon.comCOMM0.43%$3M41.2K
56EMREmerson ElectricCOMM0.42%$3M35.9K
57ORLYO'Reilly AutomotiveCOMM0.42%$3M4.1K
58ADIAnalog DevicesCOMM0.41%$3M20.1K
59ELEstee LauderCOMM0.40%$3M13.1K
60FTVFortiveCOMM0.40%$3M50.1K
61ULTAUlta BeautyCOMM0.38%$3M6.6K
62UNPUnion PacificCOMM0.37%$3M14.5K
63AMGNAmgenCOMM0.37%$3M11.4K
64PFEPfizerCOMM0.35%$3M56.3K
65ZTSZoetisCOMM0.35%$3M19.2K
66BCPCBalchemCOMM0.34%$3M22.9K
67GWWGrainger, W.W.COMM0.34%$3M5.0K
68CSCOCisco SystemsCOMM0.33%$3M56.0K
69VZVerizon CommunicationsCOMM0.32%$3M66.5K
70SBUXStarbucksCOMM0.29%$2M23.8K
71POOLPoolCOMM0.28%$2M7.5K
72ISRGIntuitive SurgicalCOMM0.25%$2M7.8K
73FASTFastenalCOMM0.23%$2M40.0K
74EXPDExpeditors Int'lCOMM0.22%$2M17.5K
75TMOThermo Fisher ScientificCOMM0.21%$2M3.1K
76PPGPPG IndustriesCOMM0.19%$2M12.5K
77PMPhilip Morris Int'lCOMM0.19%$2M15.4K
78JKHYJack Henry & AssociatesCOMM0.18%$1M8.5K
79BMYBristol-Myers SquibbCOMM0.16%$1M18.3K
80INTCIntelCOMM0.16%$1M49.3K
81GILDGilead SciencesCOMM0.15%$1M14.1K
82WBAWalgreens Boots AllianceCOMM0.15%$1M32.1K
83CVXChevronCOMM0.14%$1M6.6K
84HSYHershey CompanyCOMM0.14%$1M5.0K
85FLOFlowers FoodsCOMM0.13%$1M37.8K
86IBMIBMCOMM0.13%$1M7.6K
87DISDisney, WaltCOMM0.13%$1M11.8K
88MMM3M CompanyCOMM0.12%$1M8.4K
89KELKelloggCOMM0.12%$1M14.1K
90CVSCVS HealthCOMM0.12%$938,00010.1K
91Marathon OilCOMM0.11%$909,00033.6K
92CSXCSXCOMM0.11%$895,00028.9K
93CARRCarrier GlobalCOMM0.09%$766,00018.6K
94ROSTRoss StoresCOMM0.09%$746,0006.4K
95NOCNorthrop GrummanCOMM0.09%$745,0001.4K
96HPQHPCOMM0.09%$744,00027.7K
97BACBank of AmericaCOMM0.09%$739,00022.3K
98JPMJPMorgan ChaseCOMM0.09%$703,0005.2K
99EOGEOG ResourcesCOMM0.09%$694,0005.4K
100RHHBYRoche Holding Ltd ADRCOMM0.08%$685,00017.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$919M151Apr 23, 202613F-HRchanges · EDGAR ↗
Q4 2025$984M149Jan 30, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.0B149Oct 30, 202513F-HRchanges · EDGAR ↗
Q2 2025$994M147Jul 29, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.0B151Apr 18, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.0B154Jan 17, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.0B160Oct 21, 202413F-HRchanges · EDGAR ↗
Q2 2024$981M159Jul 22, 202413F-HRchanges · EDGAR ↗
Q1 2024$990M163Apr 22, 202413F-HRchanges · EDGAR ↗
Q4 2023$928M162Jan 22, 202413F-HRchanges · EDGAR ↗
Q3 2023$850M156Oct 20, 202313F-HRchanges · EDGAR ↗
Q2 2023$885M147Jul 20, 202313F-HRchanges · EDGAR ↗
Q1 2023$843M146Apr 19, 202313F-HRchanges · EDGAR ↗
Q4 2022$814M146Jan 17, 202313F-HRchanges · EDGAR ↗
Q3 2022$743M145Oct 18, 202213F-HRchanges · EDGAR ↗
Q2 2022$786M149Jul 14, 202213F-HRchanges · EDGAR ↗
Q1 2022$898M153Apr 22, 202213F-HRchanges · EDGAR ↗
Q4 2021$988M155Jan 24, 202213F-HRchanges · EDGAR ↗
Q3 2021$897M153Oct 19, 202113F-HRchanges · EDGAR ↗
Q2 2021$893M153Jul 19, 202113F-HRchanges · EDGAR ↗
Q1 2021$831M150Apr 20, 202113F-HRchanges · EDGAR ↗
Q4 2020$818M150Jan 22, 202113F-HRchanges · EDGAR ↗
Q3 2020$750M146Oct 20, 202013F-HRchanges · EDGAR ↗
Q2 2020$690M143Jul 17, 202013F-HRchanges · EDGAR ↗
Q1 2020$591M138Apr 16, 202013F-HRchanges · EDGAR ↗
Q4 2019$726M150Jan 17, 202013F-HRchanges · EDGAR ↗
Q3 2019$683M153Oct 22, 201913F-HRchanges · EDGAR ↗
Q2 2019$666M154Jul 16, 201913F-HRchanges · EDGAR ↗
Q1 2019$642M155Apr 11, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.