Managers / Q3 2025 · view latest →
WENDELL DAVID ASSOCIATES INC
CIK 0000878228 · 1 NEW HAMPSHIRE AVENUE, SUITE 300, PORTSMOUTH, NH, 03801-2904 · 6034270200
Reported Value
$1.0B
Q3 2025
Positions
149
Filings on Record
29
2019–present window
Filed
Oct 30, 2025
original filing
Summary
Wendell David Associates Inc reported $1.0B in U.S.-listed holdings across 149 positions for Q3 2025.
Its largest position, MSFT, represents 6.8% of the portfolio.
Compared with Q2 2025, the fund opened 3 new positions and exited 1.
Portfolio Metrics
Turnover
+4.5%
vs prior filed quarter
Top-10 Concentration
+46.5%
share of reported value
Largest Position
+6.8%
Microsoft
New / Exited
3 / 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
Portfolio Composition
By security type
- Common Stock · 98.2% · $995M
- REIT · 1.0% · $10M
- ADR · 0.4% · $4M
- ETP · 0.2% · $2M
- Other · 0.2% · $2M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CSLCarlisle Companies | NEW | +881 | 881 | +$290,000 | $290,000 |
| GLWCorning | NEW | +2.5K | 2.5K | +$203,000 | $203,000 |
| IMRXImmuneering Corp 'A' | NEW | +15.0K | 15.0K | +$105,000 | $105,000 |
| KMBKimberly-Clark | SOLD OUT | −1.6K | 0 | −$203,000 | $0 |
| SNPSSynopsys | ADDED | +1.2K | 2.6K | +$542,000 | $1M |
| BF/BBrown-Forman 'B' | TRIMMED | −63.3K | 37.9K | −$2M | $1M |
| FLOFlowers Foods | TRIMMED | −11.3K | 22.1K | −$244,000 | $288,000 |
| APHAmphenol 'A' | ADDED | +11.2K | 52.4K | +$2M | $6M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2025
148 positions (from 149 filing rows — )
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | MSFTMicrosofthistory → | COMM | 6.83% | $69M | 133.6K |
| 2 | AAPLApplehistory → | COMM | 6.68% | $68M | 265.7K |
| 3 | MAMastercardhistory → | COMM | 6.47% | $65M | 115.1K |
| 4 | TJXTJX Companieshistory → | COMM | 5.43% | $55M | 380.3K |
| 5 | ADPAutomatic Data Processinghistory → | COMM | 5.22% | $53M | 180.1K |
| 6 | SYKStrykerhistory → | COMM | 4.16% | $42M | 113.9K |
| 7 | LLYLilly, Elihistory → | COMM | 3.17% | $32M | 42.1K |
| 8 | GOOGLAlphabet Class A | COMM | 2.92% | $30M | 121.5K |
| 9 | ABTAbbott Labshistory → | COMM | 2.89% | $29M | 218.2K |
| 10 | INTUIntuithistory → | COMM | 2.72% | $28M | 40.4K |
| 11 | BRBroadridge Financial Solutionshistory → | COMM | 2.38% | $24M | 101.1K |
| 12 | ABBVAbbViehistory → | COMM | 2.28% | $23M | 99.8K |
| 13 | MCDMcDonald'shistory → | COMM | 2.23% | $23M | 74.2K |
| 14 | ECLEcolabhistory → | COMM | 1.93% | $20M | 71.3K |
| 15 | JNJJohnson & Johnsonhistory → | COMM | 1.90% | $19M | 103.8K |
| 16 | NEENextEra Energyhistory → | COMM | 1.86% | $19M | 249.1K |
| 17 | COSTCostco Wholesalehistory → | COMM | 1.55% | $16M | 16.9K |
| 18 | MPCMarathon Petroleumhistory → | COMM | 1.46% | $15M | 76.6K |
| 19 | FISVFiservhistory → | COMM | 1.44% | $15M | 113.4K |
| 20 | PGProcter & Gamblehistory → | COMM | 1.40% | $14M | 92.4K |
| 21 | CHDChurch & Dwighthistory → | COMM | 1.33% | $13M | 153.2K |
| 22 | WSOWatscohistory → | COMM | 1.28% | $13M | 32.1K |
| 23 | KOCoca-Colahistory → | COMM | 1.13% | $11M | 172.9K |
| 24 | PEPPepsiCohistory → | COMM | 1.05% | $11M | 75.5K |
| 25 | EXMOCExxonMobilhistory → | COMM | 1.05% | $11M | 94.0K |
| 26 | HDHome Depothistory → | COMM | 1.04% | $11M | 26.0K |
| 27 | MKCMcCormickhistory → | COMM | 1.02% | $10M | 154.6K |
| 28 | DHRDanaher | COMM | 0.96% | $10M | 49.2K |
| 29 | NKENIKE 'B' | COMM | 0.92% | $9M | 132.9K |
| 30 | WMTWalmart | COMM | 0.85% | $9M | 83.6K |
| 31 | AMZNAmazon.com | COMM | 0.85% | $9M | 39.0K |
| 32 | IDXXIDEXX Labs | COMM | 0.83% | $8M | 13.1K |
| 33 | SHWSherwin-Williams | COMM | 0.80% | $8M | 23.3K |
| 34 | RTXRTX Corporation | COMM | 0.74% | $8M | 44.9K |
| 35 | BRK/BBerkshire Hathaway 'B' | COMM | 0.71% | $7M | 14.4K |
| 36 | VEEVVeeva Systems 'A' | COMM | 0.68% | $7M | 23.2K |
| 37 | FDSFactSet Research Systems | COMM | 0.68% | $7M | 24.0K |
| 38 | AMTAmerican Tower REIT | COMM | 0.68% | $7M | 35.6K |
| 39 | VVisa | COMM | 0.66% | $7M | 19.5K |
| 40 | APHAmphenol 'A' | COMM | 0.64% | $6M | 52.4K |
| 41 | CLColgate-Palmolive | COMM | 0.61% | $6M | 77.5K |
| 42 | ORLYO'Reilly Automotive | COMM | 0.61% | $6M | 56.9K |
| 43 | QCOMQUALCOMM | COMM | 0.57% | $6M | 34.8K |
| 44 | AJGArthur J. Gallagher | COMM | 0.56% | $6M | 18.2K |
| 45 | ACNAccenture 'A' | COMM | 0.52% | $5M | 21.5K |
| 46 | SYYSysco | COMM | 0.49% | $5M | 60.7K |
| 47 | LOWLowe's | COMM | 0.48% | $5M | 19.4K |
| 48 | CASYCasey's General Stores | COMM | 0.47% | $5M | 8.4K |
| 49 | MRKMerck | COMM | 0.45% | $5M | 54.9K |
| 50 | EMREmerson Electric | COMM | 0.43% | $4M | 33.4K |
| 51 | APDAir Products & Chemicals | COMM | 0.42% | $4M | 15.8K |
| 52 | GWWGrainger, W.W. | COMM | 0.41% | $4M | 4.3K |
| 53 | FASTFastenal | COMM | 0.38% | $4M | 78.4K |
| 54 | LMTLockheed Martin | COMM | 0.36% | $4M | 7.3K |
| 55 | NVONovo Nordisk ADR | COMM | 0.36% | $4M | 65.8K |
| 56 | ITWIllinois Tool Works | COMM | 0.36% | $4M | 13.9K |
| 57 | PAYXPaychex | COMM | 0.34% | $3M | 27.3K |
| 58 | DEDeere & Company | COMM | 0.34% | $3M | 7.4K |
| 59 | ADIAnalog Devices | COMM | 0.34% | $3M | 13.8K |
| 60 | EQIXEquinix REIT | COMM | 0.33% | $3M | 4.3K |
| 61 | ISRGIntuitive Surgical | COMM | 0.32% | $3M | 7.3K |
| 62 | CSCOCisco Systems | COMM | 0.31% | $3M | 46.4K |
| 63 | AMGNAmgen | COMM | 0.30% | $3M | 10.9K |
| 64 | HONHoneywell Int'l | COMM | 0.29% | $3M | 14.0K |
| 65 | NVDANVIDIA | COMM | 0.26% | $3M | 13.9K |
| 66 | BCPCBalchem | COMM | 0.25% | $3M | 17.1K |
| 67 | BDXBecton, Dickinson | COMM | 0.25% | $2M | 13.3K |
| 68 | UNPUnion Pacific | COMM | 0.24% | $2M | 10.4K |
| 69 | IBMIBM | COMM | 0.23% | $2M | 8.3K |
| 70 | DKSDick's Sporting Goods | COMM | 0.21% | $2M | 9.3K |
| 71 | PFFiShares S&P US Pfd ETF | DEBT | 0.20% | $2M | 63.2K |
| 72 | PMPhilip Morris Int'l | COMM | 0.18% | $2M | 11.2K |
| 73 | HEIHEICO | COMM | 0.17% | $2M | 5.2K |
| 74 | VZVerizon Communications | COMM | 0.17% | $2M | 38.5K |
| 75 | GILDGilead Sciences | COMM | 0.15% | $1M | 13.4K |
| 76 | PFEPfizer | COMM | 0.15% | $1M | 57.7K |
| 77 | MMM3M Company | COMM | 0.13% | $1M | 8.5K |
| 78 | PPGPPG Industries | COMM | 0.13% | $1M | 12.5K |
| 79 | SNPSSynopsys | COMM | 0.13% | $1M | 2.6K |
| 80 | JPMJPMorgan Chase | COMM | 0.12% | $1M | 4.0K |
| 81 | VLTOVeralto | COMM | 0.12% | $1M | 11.7K |
| 82 | TMOThermo Fisher Scientific | COMM | 0.12% | $1M | 2.6K |
| 83 | ORCLOracle | COMM | 0.12% | $1M | 4.4K |
| 84 | COPConocoPhillips | COMM | 0.12% | $1M | 13.0K |
| 85 | CVXChevron | COMM | 0.12% | $1M | 7.9K |
| 86 | NSCNorfolk Southern | COMM | 0.12% | $1M | 4.0K |
| 87 | NOCNorthrop Grumman | COMM | 0.12% | $1M | 2.0K |
| 88 | KELKellanova | COMM | 0.11% | $1M | 14.1K |
| 89 | ULTAUlta Beauty | COMM | 0.11% | $1M | 2.1K |
| 90 | JKHYJack Henry & Associates | COMM | 0.11% | $1M | 7.4K |
| 91 | EXPDExpeditors Int'l | COMM | 0.11% | $1M | 8.9K |
| 92 | SBUXStarbucks | COMM | 0.11% | $1M | 12.7K |
| 93 | BACBank of America | COMM | 0.10% | $1M | 20.4K |
| 94 | BF/BBrown-Forman 'B' | COMM | 0.10% | $1M | 37.9K |
| 95 | HSYHershey Company | COMM | 0.10% | $1M | 5.4K |
| 96 | CARRCarrier Global | COMM | 0.10% | $995,000 | 16.7K |
| 97 | DISDisney, Walt | COMM | 0.09% | $894,000 | 7.8K |
| 98 | EWEdwards Lifesciences | COMM | 0.08% | $826,000 | 10.6K |
| 99 | ROSTRoss Stores | COMM | 0.08% | $760,000 | 5.0K |
| 100 | HPQHP | COMM | 0.07% | $754,000 | 27.7K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $919M | 151 | Apr 23, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $984M | 149 | Jan 30, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $1.0B | 149 | Oct 30, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $994M | 147 | Jul 29, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $1.0B | 151 | Apr 18, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $1.0B | 154 | Jan 17, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $1.0B | 160 | Oct 21, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $981M | 159 | Jul 22, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $990M | 163 | Apr 22, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $928M | 162 | Jan 22, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $850M | 156 | Oct 20, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $885M | 147 | Jul 20, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $843M | 146 | Apr 19, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $814M | 146 | Jan 17, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $743M | 145 | Oct 18, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $786M | 149 | Jul 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $898M | 153 | Apr 22, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $988M | 155 | Jan 24, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $897M | 153 | Oct 19, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $893M | 153 | Jul 19, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $831M | 150 | Apr 20, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $818M | 150 | Jan 22, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $750M | 146 | Oct 20, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $690M | 143 | Jul 17, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $591M | 138 | Apr 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $726M | 150 | Jan 17, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $683M | 153 | Oct 22, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $666M | 154 | Jul 16, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $642M | 155 | Apr 11, 2019 | 13F-HR | changes · 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 ↗.