SEC 13F Intelligence

Managers / Q4 2023 · view latest →

WENDELL DAVID ASSOCIATES INC

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

Reported Value
$928M
Q4 2023
Positions
162
Filings on Record
29
2019–present window
Filed
Jan 22, 2024
original filing

Summary

Wendell David Associates Inc reported $928M in U.S.-listed holdings across 162 positions for Q4 2023.

Its largest position, AAPL, represents 6.3% of the portfolio.

Compared with Q3 2023, the fund opened 10 new positions and exited 4.

Portfolio Metrics

Turnover
+1.2%
vs prior filed quarter
Top-10 Concentration
+40.9%
share of reported value
Largest Position
+6.3%
Apple
New / Exited
10 / 4
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: 97.4%REIT: 1.1%ADR: 0.9%ETP: 0.4%Other: 0.1%
  • Common Stock · 97.4% · $904M
  • REIT · 1.1% · $10M
  • ADR · 0.9% · $8M
  • ETP · 0.4% · $4M
  • Other · 0.1% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VLTOVeraltoNEW+22.6K22.6K+$2M$2M
TROWT. Rowe PriceNEW+2.9K2.9K+$311,000$311,000
ASMLASML HoldingsNEW+330330+$250,000$250,000
MCHPMicrochip TechnologyNEW+2.8K2.8K+$248,000$248,000
USBUS BancorpNEW+5.6K5.6K+$244,000$244,000
RSGRepublic ServicesNEW+1.4K1.4K+$223,000$223,000
KMBKimberly-ClarkNEW+1.7K1.7K+$210,000$210,000
DDDuPont de NemoursNEW+2.7K2.7K+$206,000$206,000

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

Holdings — Q4 2023

161 positions (from 162 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLApplehistory →COMM6.32%$59M304.5K
2MAMastercardhistory →COMM5.70%$53M124.0K
3MSFTMicrosofthistory →COMM5.57%$52M137.5K
4ADPAutomatic Data Processinghistory →COMM4.76%$44M189.6K
5TJXTJX Companieshistory →COMM4.10%$38M405.6K
6SYKStrykerhistory →COMM3.90%$36M121.0K
7LLYLilly, Elihistory →COMM2.73%$25M43.5K
8INTUIntuithistory →COMM2.73%$25M40.5K
9ABTAbbott Labshistory →COMM2.67%$25M225.2K
10MCDMcDonald'shistory →COMM2.48%$23M77.6K
11BRBroadridge Financial Solutionshistory →COMM2.33%$22M105.3K
12FISVFiservhistory →COMM2.26%$21M158.1K
13NKENIKE 'B'history →COMM2.18%$20M186.3K
14JNJJohnson & Johnsonhistory →COMM1.93%$18M114.5K
15DHRDanaherhistory →COMM1.91%$18M76.8K
16CHDChurch & Dwighthistory →COMM1.83%$17M180.0K
17GOOGLAlphabet Class ACOMM1.74%$16M115.9K
18ABBVAbbViehistory →COMM1.74%$16M104.3K
19PEPPepsiCohistory →COMM1.67%$16M91.3K
20FDSFactSet Research Systemshistory →COMM1.63%$15M31.7K
21NEENextEra Energyhistory →COMM1.54%$14M235.2K
22WSOWatscohistory →COMM1.52%$14M32.9K
23ECLEcolabhistory →COMM1.51%$14M70.5K
24PGProcter & Gamblehistory →COMM1.48%$14M93.8K
25COSTCostco Wholesalehistory →COMM1.30%$12M18.3K
26MPCMarathon Petroleumhistory →COMM1.24%$11M77.4K
27KOCoca-Colahistory →COMM1.18%$11M185.8K
28MKCMcCormickhistory →COMM1.17%$11M159.2K
29IDXXIDEXX Labshistory →COMM1.14%$11M19.1K
30HDHome Depothistory →COMM1.10%$10M29.5K
31EXMOCExxonMobilhistory →COMM1.09%$10M101.4K
32ACNAccenture 'A'COMM0.99%$9M26.2K
33AMTAmerican Tower REITCOMM0.97%$9M41.6K
34NVONovo Nordisk ADRCOMM0.86%$8M77.5K
35SHWSherwin-WilliamsCOMM0.81%$8M24.2K
36QCOMQUALCOMMCOMM0.80%$7M51.5K
37BF/BBrown-Forman 'B'COMM0.74%$7M120.7K
38CLColgate-PalmoliveCOMM0.70%$7M82.0K
39AMZNAmazon.comCOMM0.67%$6M41.1K
40MRKMerckCOMM0.61%$6M51.7K
41VVisaCOMM0.56%$5M20.0K
42LOWLowe'sCOMM0.55%$5M23.1K
43BRK/BBerkshire Hathaway 'B'COMM0.55%$5M14.2K
44RTXRTX CorporationCOMM0.53%$5M58.6K
45ITWIllinois Tool WorksCOMM0.52%$5M18.5K
46SYYSyscoCOMM0.52%$5M65.9K
47PAYXPaychexCOMM0.51%$5M39.8K
48WMTWalmartCOMM0.51%$5M29.9K
49APDAir Products & ChemicalsCOMM0.49%$5M16.5K
50ZTSZoetisCOMM0.47%$4M22.1K
51ORLYO'Reilly AutomotiveCOMM0.44%$4M4.3K
52PFFiShares S&P US Pfd ETFDEBT0.44%$4M131.2K
53GWWGrainger, W.W.COMM0.42%$4M4.7K
54BDXBecton, DickinsonCOMM0.40%$4M15.2K
55UNPUnion PacificCOMM0.38%$4M14.5K
56EMREmerson ElectricCOMM0.38%$4M36.3K
57ULTAUlta BeautyCOMM0.37%$3M7.1K
58FTVFortiveCOMM0.36%$3M45.3K
59AMGNAmgenCOMM0.35%$3M11.4K
60BCPCBalchemCOMM0.34%$3M21.5K
61HONHoneywell Int'lCOMM0.34%$3M15.1K
62DEDeere & CompanyCOMM0.34%$3M7.9K
63ADIAnalog DevicesCOMM0.32%$3M15.2K
64CSCOCisco SystemsCOMM0.30%$3M54.6K
65SBUXStarbucksCOMM0.29%$3M28.0K
66EWEdwards LifesciencesCOMM0.28%$3M34.1K
67FASTFastenalCOMM0.27%$3M39.2K
68VZVerizon CommunicationsCOMM0.27%$2M65.4K
69ISRGIntuitive SurgicalCOMM0.26%$2M7.3K
70LMTLockheed MartinCOMM0.26%$2M5.3K
71TMOThermo Fisher ScientificCOMM0.24%$2M4.1K
72POOLPoolCOMM0.23%$2M5.4K
73EXPDExpeditors Int'lCOMM0.21%$2M15.6K
74HSYHershey CompanyCOMM0.20%$2M10.2K
75PPGPPG IndustriesCOMM0.20%$2M12.5K
76VLTOVeraltoCOMM0.20%$2M22.6K
77PFEPfizerCOMM0.19%$2M60.3K
78INTCIntelCOMM0.17%$2M32.1K
79IBMIBMCOMM0.15%$1M8.6K
80JKHYJack Henry & AssociatesCOMM0.15%$1M8.4K
81ELEstee LauderCOMM0.13%$1M8.4K
82GILDGilead SciencesCOMM0.13%$1M14.5K
83CVXChevronCOMM0.13%$1M7.8K
84PMPhilip Morris Int'lCOMM0.11%$1M11.3K
85CARRCarrier GlobalCOMM0.11%$1M17.9K
86BMYBristol-Myers SquibbCOMM0.11%$1M20.0K
87MMM3M CompanyCOMM0.11%$1M9.2K
88NSCNorfolk SouthernCOMM0.10%$937,0004.0K
89NOCNorthrop GrummanCOMM0.10%$905,0001.9K
90ROSTRoss StoresCOMM0.10%$890,0006.4K
91FLOFlowers FoodsCOMM0.09%$846,00037.6K
92HPQHPCOMM0.09%$833,00027.7K
93DISDisney, WaltCOMM0.09%$822,0009.1K
94Marathon OilCOMM0.09%$811,00033.6K
95Fortune Brands Home & SecurityCOMM0.08%$788,00010.3K
96KELKellanovaCOMM0.08%$788,00014.1K
97JPMJPMorgan ChaseCOMM0.08%$773,0004.5K
98NVDANVIDIACOMM0.08%$710,0001.4K
99BACBank of AmericaCOMM0.08%$707,00021.0K
100WBAWalgreens Boots AllianceCOMM0.07%$672,00025.8K

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 ↗.