SEC 13F Intelligence

Managers / Q1 2023 · view latest →

WENDELL DAVID ASSOCIATES INC

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

Reported Value
$843M
Q1 2023
Positions
146
Filings on Record
29
2019–present window
Filed
Apr 19, 2023
original filing

Summary

Wendell David Associates Inc reported $843M in U.S.-listed holdings across 146 positions for Q1 2023.

Its largest position, AAPL, represents 6.2% of the portfolio.

Compared with Q4 2022, the fund opened 3 new positions and exited 3.

Portfolio Metrics

Turnover
+3.2%
vs prior filed quarter
Top-10 Concentration
+39.7%
share of reported value
Largest Position
+6.2%
Apple
New / Exited
3 / 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: 97.3%REIT: 1.3%ADR: 0.7%ETP: 0.5%Other: 0.1%
  • Common Stock · 97.3% · $821M
  • REIT · 1.3% · $11M
  • ADR · 0.7% · $6M
  • ETP · 0.5% · $5M
  • Other · 0.1% · $830,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NVDANVIDIANEW+839839+$233,000$233,000
GOOGAlphabet Class CNEW+2.1K2.1K+$214,000$214,000
WMWaste ManagementNEW+1.3K1.3K+$206,000$206,000
HSYHershey CompanyADDED+6.3K11.4K+$2M$3M
1st Trust Pfd Sec & Inc ETFSOLD OUT−19.5K0−$328,000$0
PYPLPayPal HoldingsSOLD OUT−2.9K0−$204,000$0
MBCMasterbrandSOLD OUT−10.3K0−$78,000$0
TMUST-Mobile USADDED+1.8K6.2K+$281,000$902,000

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

Holdings — Q1 2023

145 positions (from 146 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLApplehistory →COMM6.22%$52M318.3K
2MAMastercardhistory →COMM5.56%$47M129.1K
3ADPAutomatic Data Processinghistory →COMM4.94%$42M187.0K
4MSFTMicrosofthistory →COMM4.66%$39M136.3K
5SYKStrykerhistory →COMM4.24%$36M125.3K
6TJXTJX Companieshistory →COMM3.81%$32M410.6K
7NKENIKE 'B'history →COMM2.74%$23M188.8K
8ABTAbbott Labshistory →COMM2.67%$22M222.1K
9MCDMcDonald'shistory →COMM2.55%$22M77.0K
10FISVFiservhistory →COMM2.35%$20M175.2K
11DHRDanaherhistory →COMM2.34%$20M78.4K
12NEENextEra Energyhistory →COMM2.00%$17M219.2K
13JNJJohnson & Johnsonhistory →COMM2.00%$17M108.9K
14INTUIntuithistory →COMM1.97%$17M37.3K
15PEPPepsiCohistory →COMM1.96%$17M90.8K
16ABBVAbbViehistory →COMM1.90%$16M100.7K
17CHDChurch & Dwighthistory →COMM1.87%$16M178.3K
18BRBroadridge Financial Solutionshistory →COMM1.83%$15M105.4K
19PGProcter & Gamblehistory →COMM1.65%$14M93.3K
20LLYLilly, Elihistory →COMM1.63%$14M40.1K
21MKCMcCormickhistory →COMM1.62%$14M164.2K
22FDSFactSet Research Systemshistory →COMM1.52%$13M30.9K
23GOOGLAlphabet Class ACOMM1.45%$12M118.2K
24ECLEcolabhistory →COMM1.41%$12M71.6K
25KOCoca-Colahistory →COMM1.37%$12M186.4K
26EXMOCExxonMobilhistory →COMM1.26%$11M96.6K
27MPCMarathon Petroleumhistory →COMM1.24%$10M77.6K
28WSOWatscohistory →COMM1.24%$10M32.9K
29AMTAmerican Tower REIThistory →COMM1.12%$9M46.3K
30IDXXIDEXX Labshistory →COMM1.12%$9M18.9K
31HDHome Depothistory →COMM1.01%$8M28.7K
32COSTCostco WholesaleCOMM0.99%$8M16.7K
33ACNAccenture 'A'COMM0.87%$7M25.7K
34QCOMQUALCOMMCOMM0.79%$7M52.0K
35CLColgate-PalmoliveCOMM0.78%$7M88.0K
36RTXRaytheon TechnologiesCOMM0.77%$6M66.1K
37BF/BBrown-Forman 'B'COMM0.68%$6M89.8K
38NVONovo Nordisk ADRCOMM0.67%$6M35.7K
39SHWSherwin-WilliamsCOMM0.66%$6M24.8K
40ADIAnalog DevicesCOMM0.66%$6M28.0K
41MRKMerckCOMM0.64%$5M50.6K
42ITWIllinois Tool WorksCOMM0.64%$5M22.1K
43SYYSyscoCOMM0.62%$5M67.9K
44DGDollar GeneralCOMM0.60%$5M24.0K
45PAYXPaychexCOMM0.58%$5M42.5K
46APDAir Products & ChemicalsCOMM0.57%$5M16.8K
47LOWLowe'sCOMM0.56%$5M23.7K
48PFFiShares S&P US Pfd ETFDEBT0.54%$5M146.8K
49EWEdwards LifesciencesCOMM0.54%$5M54.6K
50WMTWalmartCOMM0.53%$4M30.2K
51AMZNAmazon.comCOMM0.50%$4M41.1K
52VVisaCOMM0.50%$4M18.7K
53BRK/BBerkshire Hathaway 'B'COMM0.50%$4M13.6K
54BDXBecton, DickinsonCOMM0.47%$4M16.0K
55HONHoneywell Int'lCOMM0.45%$4M20.1K
56ULTAUlta BeautyCOMM0.44%$4M6.8K
57FTVFortiveCOMM0.43%$4M53.6K
58ORLYO'Reilly AutomotiveCOMM0.40%$3M3.9K
59GWWGrainger, W.W.COMM0.39%$3M4.8K
60DEDeere & CompanyCOMM0.39%$3M7.9K
61ZTSZoetisCOMM0.39%$3M19.5K
62ELEstee LauderCOMM0.37%$3M12.6K
63EMREmerson ElectricCOMM0.37%$3M35.7K
64CSCOCisco SystemsCOMM0.35%$3M56.8K
65UNPUnion PacificCOMM0.35%$3M14.5K
66HSYHershey CompanyCOMM0.34%$3M11.4K
67VZVerizon CommunicationsCOMM0.34%$3M72.9K
68BCPCBalchemCOMM0.33%$3M21.8K
69AMGNAmgenCOMM0.33%$3M11.4K
70SBUXStarbucksCOMM0.29%$2M23.6K
71POOLPoolCOMM0.28%$2M7.0K
72PFEPfizerCOMM0.28%$2M57.5K
73FASTFastenalCOMM0.26%$2M40.0K
74ISRGIntuitive SurgicalCOMM0.24%$2M7.8K
75EXPDExpeditors Int'lCOMM0.23%$2M17.5K
76TMOThermo Fisher ScientificCOMM0.22%$2M3.3K
77PPGPPG IndustriesCOMM0.20%$2M12.5K
78PMPhilip Morris Int'lCOMM0.19%$2M16.4K
79JKHYJack Henry & AssociatesCOMM0.15%$1M8.5K
80BMYBristol-Myers SquibbCOMM0.15%$1M18.3K
81INTCIntelCOMM0.14%$1M37.1K
82GILDGilead SciencesCOMM0.14%$1M14.1K
83CVXChevronCOMM0.14%$1M7.2K
84WBAWalgreens Boots AllianceCOMM0.13%$1M30.8K
85FLOFlowers FoodsCOMM0.12%$1M37.8K
86DISDisney, WaltCOMM0.12%$1M10.2K
87IBMIBMCOMM0.12%$1M7.6K
88KELKelloggCOMM0.11%$944,00014.1K
89TMUST-Mobile USCOMM0.11%$902,0006.2K
90MMM3M CompanyCOMM0.10%$882,0008.4K
91CSXCSXCOMM0.10%$865,00028.9K
92CARRCarrier GlobalCOMM0.10%$824,00018.0K
93HPQHPCOMM0.10%$813,00027.7K
94Marathon OilCOMM0.10%$805,00033.6K
95CVSCVS HealthCOMM0.09%$748,00010.1K
96ROSTRoss StoresCOMM0.08%$682,0006.4K
97BACBank of AmericaCOMM0.08%$638,00022.3K
98JPMJPMorgan ChaseCOMM0.08%$636,0004.9K
99NOCNorthrop GrummanCOMM0.07%$631,0001.4K
100EOGEOG ResourcesCOMM0.07%$614,0005.4K

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 ↗.