SEC 13F Intelligence

Managers / Q2 2023 · view latest →

WENDELL DAVID ASSOCIATES INC

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

Reported Value
$885M
Q2 2023
Positions
147
Filings on Record
29
2019–present window
Filed
Jul 20, 2023
original filing

Summary

Wendell David Associates Inc reported $885M in U.S.-listed holdings across 147 positions for Q2 2023.

Its largest position, AAPL, represents 6.9% of the portfolio.

Compared with Q1 2023, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+2.2%
vs prior filed quarter
Top-10 Concentration
+40.8%
share of reported value
Largest Position
+6.9%
Apple
New / Exited
2 / 1
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: 97.5%REIT: 1.2%ADR: 0.7%ETP: 0.5%Other: 0.1%
  • Common Stock · 97.5% · $863M
  • REIT · 1.2% · $10M
  • ADR · 0.7% · $6M
  • ETP · 0.5% · $4M
  • Other · 0.1% · $982,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RSGRepublic ServicesNEW+1.4K1.4K+$207,000$207,000
WEXWEXNEW+1.1K1.1K+$201,000$201,000
USBUS BancorpSOLD OUT−6.1K0−$221,000$0
EWEdwards LifesciencesTRIMMED−15.8K38.7K−$860,000$4M
DGDollar GeneralTRIMMED−6.3K17.7K−$2M$3M
HSYHershey CompanyADDED+2.6K13.9K+$591,000$3M
CTASCintasTRIMMED−82418−$23,000$208,000
POOLPoolTRIMMED−1.1K5.9K−$196,000$2M

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

Holdings — Q2 2023

146 positions (from 147 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLApplehistory →COMM6.89%$61M314.4K
2MAMastercardhistory →COMM5.69%$50M128.0K
3MSFTMicrosofthistory →COMM5.24%$46M136.2K
4ADPAutomatic Data Processinghistory →COMM4.64%$41M186.8K
5SYKStrykerhistory →COMM4.31%$38M125.1K
6TJXTJX Companieshistory →COMM3.92%$35M409.0K
7ABTAbbott Labshistory →COMM2.73%$24M221.5K
8MCDMcDonald'shistory →COMM2.60%$23M77.0K
9FISVFiservhistory →COMM2.46%$22M172.6K
10NKENIKE 'B'history →COMM2.34%$21M187.4K
11LLYLilly, Elihistory →COMM2.24%$20M42.3K
12DHRDanaherhistory →COMM2.10%$19M77.4K
13JNJJohnson & Johnsonhistory →COMM2.03%$18M108.8K
14CHDChurch & Dwighthistory →COMM2.02%$18M178.0K
15BRBroadridge Financial Solutionshistory →COMM1.98%$18M106.0K
16INTUIntuithistory →COMM1.98%$17M38.2K
17PEPPepsiCohistory →COMM1.89%$17M90.3K
18NEENextEra Energyhistory →COMM1.82%$16M216.6K
19MKCMcCormickhistory →COMM1.60%$14M162.8K
20PGProcter & Gamblehistory →COMM1.60%$14M93.3K
21GOOGLAlphabet Class ACOMM1.59%$14M117.5K
22ABBVAbbViehistory →COMM1.52%$13M99.8K
23ECLEcolabhistory →COMM1.49%$13M70.9K
24WSOWatscohistory →COMM1.42%$13M32.9K
25FDSFactSet Research Systemshistory →COMM1.40%$12M30.9K
26KOCoca-Colahistory →COMM1.25%$11M183.6K
27EXMOCExxonMobilhistory →COMM1.17%$10M96.6K
28IDXXIDEXX Labshistory →COMM1.06%$9M18.7K
29COSTCostco Wholesalehistory →COMM1.04%$9M17.1K
30MPCMarathon Petroleumhistory →COMM1.02%$9M77.6K
31HDHome Depothistory →COMM1.01%$9M28.8K
32AMTAmerican Tower REITCOMM0.98%$9M44.7K
33ACNAccenture 'A'COMM0.91%$8M26.0K
34CLColgate-PalmoliveCOMM0.76%$7M87.6K
35SHWSherwin-WilliamsCOMM0.74%$7M24.8K
36RTXRaytheon TechnologiesCOMM0.73%$6M65.7K
37QCOMQUALCOMMCOMM0.70%$6M52.0K
38BF/BBrown-Forman 'B'COMM0.68%$6M89.8K
39MRKMerckCOMM0.66%$6M50.6K
40ADIAnalog DevicesCOMM0.64%$6M29.2K
41NVONovo Nordisk ADRCOMM0.64%$6M35.1K
42ITWIllinois Tool WorksCOMM0.61%$5M21.7K
43AMZNAmazon.comCOMM0.60%$5M41.1K
44LOWLowe'sCOMM0.60%$5M23.5K
45SYYSyscoCOMM0.56%$5M67.2K
46APDAir Products & ChemicalsCOMM0.56%$5M16.5K
47PAYXPaychexCOMM0.54%$5M42.6K
48WMTWalmartCOMM0.54%$5M30.2K
49BRK/BBerkshire Hathaway 'B'COMM0.52%$5M13.6K
50PFFiShares S&P US Pfd ETFDEBT0.51%$4M145.1K
51VVisaCOMM0.50%$4M18.7K
52HONHoneywell Int'lCOMM0.47%$4M20.0K
53BDXBecton, DickinsonCOMM0.46%$4M15.4K
54FTVFortiveCOMM0.46%$4M54.2K
55GWWGrainger, W.W.COMM0.43%$4M4.8K
56ORLYO'Reilly AutomotiveCOMM0.42%$4M3.9K
57ZTSZoetisCOMM0.41%$4M21.2K
58EWEdwards LifesciencesCOMM0.41%$4M38.7K
59HSYHershey CompanyCOMM0.39%$3M13.9K
60ULTAUlta BeautyCOMM0.39%$3M7.3K
61EMREmerson ElectricCOMM0.36%$3M35.6K
62DEDeere & CompanyCOMM0.36%$3M7.9K
63DGDollar GeneralCOMM0.34%$3M17.7K
64UNPUnion PacificCOMM0.34%$3M14.5K
65BCPCBalchemCOMM0.33%$3M21.8K
66CSCOCisco SystemsCOMM0.33%$3M56.7K
67ISRGIntuitive SurgicalCOMM0.30%$3M7.8K
68VZVerizon CommunicationsCOMM0.29%$3M69.3K
69AMGNAmgenCOMM0.29%$3M11.4K
70FASTFastenalCOMM0.27%$2M40.0K
71SBUXStarbucksCOMM0.26%$2M23.3K
72POOLPoolCOMM0.25%$2M5.9K
73ELEstee LauderCOMM0.25%$2M11.2K
74PFEPfizerCOMM0.24%$2M57.5K
75EXPDExpeditors Int'lCOMM0.24%$2M17.3K
76TMOThermo Fisher ScientificCOMM0.21%$2M3.6K
77PPGPPG IndustriesCOMM0.21%$2M12.5K
78PMPhilip Morris Int'lCOMM0.17%$2M15.6K
79JKHYJack Henry & AssociatesCOMM0.16%$1M8.5K
80BMYBristol-Myers SquibbCOMM0.13%$1M18.3K
81CVXChevronCOMM0.13%$1M7.2K
82GILDGilead SciencesCOMM0.12%$1M14.1K
83INTCIntelCOMM0.12%$1M31.9K
84IBMIBMCOMM0.12%$1M7.6K
85TMUST-Mobile USCOMM0.11%$1M7.2K
86CSXCSXCOMM0.11%$985,00028.9K
87KELKelloggCOMM0.11%$950,00014.1K
88FLOFlowers FoodsCOMM0.11%$941,00037.8K
89CARRCarrier GlobalCOMM0.10%$891,00017.9K
90DISDisney, WaltCOMM0.10%$890,00010.0K
91WBAWalgreens Boots AllianceCOMM0.10%$877,00030.8K
92HPQHPCOMM0.10%$851,00027.7K
93MMM3M CompanyCOMM0.09%$840,0008.4K
94Marathon OilCOMM0.09%$773,00033.6K
95Fortune Brands Home & SecurityCOMM0.08%$744,00010.3K
96ROSTRoss StoresCOMM0.08%$721,0006.4K
97JPMJPMorgan ChaseCOMM0.08%$699,0004.8K
98CVSCVS HealthCOMM0.08%$696,00010.1K
99BACBank of AmericaCOMM0.07%$632,00022.0K
100NOCNorthrop GrummanCOMM0.07%$623,0001.4K

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 ↗.