SEC 13F Intelligence

Managers / Q2 2025 · view latest →

WENDELL DAVID ASSOCIATES INC

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

Reported Value
$994M
Q2 2025
Positions
147
Filings on Record
29
2019–present window
Filed
Jul 29, 2025
original filing

Summary

Wendell David Associates Inc reported $994M in U.S.-listed holdings across 147 positions for Q2 2025.

Its largest position, MSFT, represents 6.7% of the portfolio.

Compared with Q1 2025, the fund opened 2 new positions and exited 6.

Portfolio Metrics

Turnover
+4.6%
vs prior filed quarter
Top-10 Concentration
+45.5%
share of reported value
Largest Position
+6.7%
Microsoft
New / Exited
2 / 6
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: 97.9%REIT: 1.1%ADR: 0.6%ETP: 0.2%Other: 0.2%
  • Common Stock · 97.9% · $974M
  • REIT · 1.1% · $11M
  • ADR · 0.6% · $6M
  • ETP · 0.2% · $2M
  • Other · 0.2% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GEVGE VernovaNEW+666666+$352,000$352,000
METAMeta Platforms Cl ANEW+323323+$238,000$238,000
ORLYO'Reilly AutomotiveADDED+53.1K56.9K−$342,000$5M
CMICumminsSOLD OUT−1.1K0−$358,000$0
EFXEquifaxSOLD OUT−1.2K0−$295,000$0
HSICHenry ScheinSOLD OUT−3.8K0−$257,000$0
FASTFastenalADDED+39.2K78.4K+$253,000$3M
FTVFortiveSOLD OUT−2.9K0−$213,000$0

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

Holdings — Q2 2025

146 positions (from 147 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosofthistory →COMM6.69%$67M133.8K
2MAMastercardhistory →COMM6.50%$65M115.0K
3AAPLApplehistory →COMM5.58%$56M270.6K
4ADPAutomatic Data Processinghistory →COMM5.58%$55M180.0K
5TJXTJX Companieshistory →COMM4.73%$47M380.6K
6SYKStrykerhistory →COMM4.52%$45M113.6K
7LLYLilly, Elihistory →COMM3.27%$32M41.7K
8INTUIntuithistory →COMM3.16%$31M39.9K
9ABTAbbott Labshistory →COMM2.98%$30M217.8K
10BRBroadridge Financial Solutionshistory →COMM2.47%$25M100.9K
11FISVFiservhistory →COMM2.30%$23M132.5K
12MCDMcDonald'shistory →COMM2.18%$22M74.3K
13GOOGLAlphabet Class ACOMM2.14%$21M120.8K
14ECLEcolabhistory →COMM1.92%$19M70.9K
15ABBVAbbViehistory →COMM1.86%$19M99.8K
16NEENextEra Energyhistory →COMM1.73%$17M248.3K
17COSTCostco Wholesalehistory →COMM1.68%$17M16.9K
18JNJJohnson & Johnsonhistory →COMM1.60%$16M103.8K
19CHDChurch & Dwighthistory →COMM1.56%$15M161.2K
20PGProcter & Gamblehistory →COMM1.48%$15M92.4K
21WSOWatscohistory →COMM1.42%$14M32.1K
22MPCMarathon Petroleumhistory →COMM1.28%$13M76.6K
23KOCoca-Colahistory →COMM1.23%$12M173.0K
24MKCMcCormickhistory →COMM1.21%$12M158.9K
25FDSFactSet Research Systemshistory →COMM1.10%$11M24.5K
26PEPPepsiCohistory →COMM1.04%$10M78.0K
27DHRDanaherhistory →COMM1.03%$10M51.8K
28EXMOCExxonMobilhistory →COMM1.02%$10M94.0K
29NKENIKE 'B'COMM0.99%$10M138.0K
30HDHome DepotCOMM0.96%$10M26.0K
31AMZNAmazon.comCOMM0.86%$9M39.0K
32ACNAccenture 'A'COMM0.83%$8M27.6K
33WMTWalmartCOMM0.82%$8M83.8K
34SHWSherwin-WilliamsCOMM0.80%$8M23.2K
35AMTAmerican Tower REITCOMM0.79%$8M35.5K
36CLColgate-PalmoliveCOMM0.71%$7M77.8K
37IDXXIDEXX LabsCOMM0.71%$7M13.2K
38VVisaCOMM0.70%$7M19.7K
39BRK/BBerkshire Hathaway 'B'COMM0.70%$7M14.3K
40RTXRTX CorporationCOMM0.66%$7M45.1K
41VEEVVeeva Systems 'A'COMM0.56%$6M19.4K
42QCOMQUALCOMMCOMM0.56%$6M34.7K
43ORLYO'Reilly AutomotiveCOMM0.52%$5M56.9K
44AJGArthur J. GallagherCOMM0.51%$5M15.9K
45NVONovo Nordisk ADRCOMM0.51%$5M72.8K
46SYYSyscoCOMM0.46%$5M60.7K
47GWWGrainger, W.W.COMM0.45%$4M4.3K
48APDAir Products & ChemicalsCOMM0.45%$4M15.8K
49EMREmerson ElectricCOMM0.45%$4M33.4K
50LOWLowe'sCOMM0.44%$4M19.6K
51MRKMerckCOMM0.44%$4M54.9K
52APHAmphenol 'A'COMM0.41%$4M41.3K
53DEDeere & CompanyCOMM0.41%$4M7.9K
54PAYXPaychexCOMM0.40%$4M27.3K
55ISRGIntuitive SurgicalCOMM0.40%$4M7.3K
56ITWIllinois Tool WorksCOMM0.37%$4M14.7K
57CASYCasey's General StoresCOMM0.36%$4M7.0K
58EQIXEquinix REITCOMM0.35%$3M4.4K
59LMTLockheed MartinCOMM0.34%$3M7.3K
60ADIAnalog DevicesCOMM0.33%$3M13.8K
61FASTFastenalCOMM0.33%$3M78.4K
62HONHoneywell Int'lCOMM0.33%$3M14.0K
63CSCOCisco SystemsCOMM0.32%$3M46.4K
64AMGNAmgenCOMM0.31%$3M10.9K
65BCPCBalchemCOMM0.27%$3M17.1K
66BF/BBrown-Forman 'B'COMM0.27%$3M101.2K
67IBMIBMCOMM0.24%$2M8.3K
68UNPUnion PacificCOMM0.24%$2M10.5K
69BDXBecton, DickinsonCOMM0.24%$2M13.6K
70NVDANVIDIACOMM0.23%$2M14.3K
71PMPhilip Morris Int'lCOMM0.20%$2M11.2K
72PFFiShares S&P US Pfd ETFDEBT0.20%$2M63.2K
73DKSDick's Sporting GoodsCOMM0.17%$2M8.7K
74HEIHEICOCOMM0.17%$2M5.2K
75VZVerizon CommunicationsCOMM0.17%$2M38.6K
76GILDGilead SciencesCOMM0.15%$1M13.4K
77PPGPPG IndustriesCOMM0.14%$1M12.5K
78PFEPfizerCOMM0.14%$1M57.0K
79JKHYJack Henry & AssociatesCOMM0.13%$1M7.4K
80MMM3M CompanyCOMM0.13%$1M8.5K
81CARRCarrier GlobalCOMM0.13%$1M17.1K
82VLTOVeraltoCOMM0.12%$1M11.8K
83SBUXStarbucksCOMM0.12%$1M12.8K
84COPConocoPhillipsCOMM0.12%$1M13.0K
85JPMJPMorgan ChaseCOMM0.12%$1M4.0K
86KELKellanovaCOMM0.11%$1M14.1K
87CVXChevronCOMM0.11%$1M7.8K
88TMOThermo Fisher ScientificCOMM0.11%$1M2.7K
89EXPDExpeditors Int'lCOMM0.10%$1M9.0K
90NSCNorfolk SouthernCOMM0.10%$1M4.0K
91NOCNorthrop GrummanCOMM0.10%$986,0002.0K
92DISDisney, WaltCOMM0.10%$969,0007.8K
93BACBank of AmericaCOMM0.10%$965,00020.4K
94ORCLOracleCOMM0.10%$964,0004.4K
95ULTAUlta BeautyCOMM0.10%$961,0002.1K
96ZTSZoetisCOMM0.09%$900,0005.8K
97BMYBristol-Myers SquibbCOMM0.09%$862,00018.6K
98HSYHershey CompanyCOMM0.09%$862,0005.2K
99EWEdwards LifesciencesCOMM0.08%$831,00010.6K
100CIGNACOMM0.08%$766,0002.3K

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 ↗.