SEC 13F Intelligence

Managers / Q4 2025 · view latest →

WENDELL DAVID ASSOCIATES INC

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

Reported Value
$984M
Q4 2025
Positions
149
Filings on Record
29
2019–present window
Filed
Jan 30, 2026
original filing

Summary

Wendell David Associates Inc reported $984M in U.S.-listed holdings across 149 positions for Q4 2025.

Its largest position, AAPL, represents 7.1% of the portfolio.

Compared with Q3 2025, the fund opened 2 new positions and exited 2.

Portfolio Metrics

Turnover
+4.0%
vs prior filed quarter
Top-10 Concentration
+48.2%
share of reported value
Largest Position
+7.1%
Apple
New / Exited
2 / 2
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: 98.6%REIT: 0.7%ADR: 0.4%ETP: 0.2%Other: 0.2%
  • Common Stock · 98.6% · $971M
  • REIT · 0.7% · $7M
  • ADR · 0.4% · $4M
  • ETP · 0.2% · $2M
  • Other · 0.2% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CMICumminsNEW+422422+$215,000$215,000
CTSHCognizant Technology SolutionsNEW+2.4K2.4K+$200,000$200,000
KELKellanovaSOLD OUT−14.1K0−$1M$0
GISGeneral MillsSOLD OUT−4.0K0−$203,000$0
SNPSSynopsysADDED+2.1K4.8K+$940,000$2M
FISVFiservTRIMMED−58.7K54.7K−$11M$4M
AMTAmerican Tower REITTRIMMED−16.5K19.1K−$3M$3M
ISRGIntuitive SurgicalTRIMMED−2.1K5.2K−$332,000$3M

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

Holdings — Q4 2025

148 positions (from 149 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLApplehistory →COMM7.13%$70M258.3K
2MSFTMicrosofthistory →COMM6.53%$64M133.0K
3MAMastercardhistory →COMM6.40%$63M110.4K
4TJXTJX Companieshistory →COMM5.73%$56M367.3K
5LLYEli Lillyhistory →COMM4.76%$47M43.6K
6ADPAutomatic Data Processinghistory →COMM4.58%$45M175.1K
7SYKStrykerhistory →COMM3.99%$39M111.8K
8GOOGLAlphabet Class ACOMM3.77%$37M118.4K
9ABTAbbott Labshistory →COMM2.69%$27M211.7K
10INTUIntuithistory →COMM2.65%$26M39.5K
11BRBroadridge Financial Solutionshistory →COMM2.27%$22M100.3K
12MCDMcDonald'shistory →COMM2.26%$22M72.7K
13ABBVAbbViehistory →COMM2.24%$22M96.3K
14JNJJohnson & Johnsonhistory →COMM2.11%$21M100.5K
15NEENextEra Energyhistory →COMM2.04%$20M250.7K
16ECLEcolabhistory →COMM1.88%$18M70.4K
17COSTCostco Wholesalehistory →COMM1.56%$15M17.8K
18PGProcter & Gamblehistory →COMM1.30%$13M89.6K
19MPCMarathon Petroleumhistory →COMM1.27%$12M76.7K
20CHDChurch & Dwighthistory →COMM1.21%$12M142.2K
21KOCoca-Colahistory →COMM1.20%$12M169.2K
22EXMOCExxonMobilhistory →COMM1.13%$11M92.5K
23DHRDanaherhistory →COMM1.12%$11M48.1K
24PEPPepsiCohistory →COMM1.08%$11M73.9K
25WSOWatscohistory →COMM1.07%$11M31.4K
26MKCMcCormickCOMM0.98%$10M142.2K
27AMZNAmazon.comCOMM0.95%$9M40.4K
28HDHome DepotCOMM0.89%$9M25.4K
29WMTWalmartCOMM0.88%$9M77.6K
30IDXXIDEXX LabsCOMM0.85%$8M12.3K
31RTXRTX CorporationCOMM0.81%$8M43.5K
32NKENIKE 'B'COMM0.80%$8M123.3K
33APHAmphenol 'A'COMM0.77%$8M55.8K
34SHWSherwin-WilliamsCOMM0.74%$7M22.6K
35BRK/BBerkshire Hathaway 'B'COMM0.73%$7M14.3K
36VVisaCOMM0.68%$7M19.0K
37VEEVVeeva Systems 'A'COMM0.62%$6M27.1K
38QCOMQUALCOMMCOMM0.60%$6M34.5K
39MRKMerckCOMM0.60%$6M55.9K
40CLColgate-PalmoliveCOMM0.59%$6M74.1K
41FDSFactSet Research SystemsCOMM0.58%$6M19.5K
42AJGArthur J. GallagherCOMM0.52%$5M19.6K
43ORLYO'Reilly AutomotiveCOMM0.50%$5M53.7K
44CASYCasey's General StoresCOMM0.48%$5M8.6K
45LOWLowe'sCOMM0.48%$5M19.4K
46ACNAccenture 'A'COMM0.47%$5M17.4K
47SYYSyscoCOMM0.45%$4M60.6K
48EMREmerson ElectricCOMM0.45%$4M33.4K
49APDAir Products & ChemicalsCOMM0.39%$4M15.7K
50GWWGrainger, W.W.COMM0.39%$4M3.8K
51ADIAnalog DevicesCOMM0.38%$4M13.6K
52FISVFiservCOMM0.37%$4M54.7K
53CSCOCisco SystemsCOMM0.36%$4M46.4K
54AMGNAmgenCOMM0.36%$4M10.8K
55LMTLockheed MartinCOMM0.35%$3M7.0K
56AMTAmerican Tower REITCOMM0.34%$3M19.1K
57ITWIllinois Tool WorksCOMM0.34%$3M13.5K
58DEDeere & CompanyCOMM0.33%$3M6.9K
59EQIXEquinix REITCOMM0.32%$3M4.1K
60PAYXPaychexCOMM0.31%$3M27.3K
61NVONovo Nordisk ADRCOMM0.31%$3M59.8K
62FASTFastenalCOMM0.30%$3M73.8K
63ISRGIntuitive SurgicalCOMM0.30%$3M5.2K
64HONHoneywell Int'lCOMM0.28%$3M14.0K
65BDXBecton, DickinsonCOMM0.26%$3M13.1K
66NVDANVIDIACOMM0.25%$2M13.4K
67BCPCBalchemCOMM0.25%$2M16.1K
68IBMIBMCOMM0.25%$2M8.3K
69SNPSSynopsysCOMM0.23%$2M4.8K
70UNPUnion PacificCOMM0.22%$2M9.2K
71HEIHEICOCOMM0.22%$2M6.6K
72PFFiShares S&P US Pfd ETFDEBT0.20%$2M63.2K
73DKSDick's Sporting GoodsCOMM0.20%$2M9.8K
74GILDGilead SciencesCOMM0.17%$2M13.4K
75PMPhilip Morris Int'lCOMM0.16%$2M10.1K
76VZVerizon CommunicationsCOMM0.16%$2M38.5K
77PFEPfizerCOMM0.15%$2M60.6K
78TMOThermo Fisher ScientificCOMM0.14%$1M2.5K
79MMM3M CompanyCOMM0.14%$1M8.5K
80JKHYJack Henry & AssociatesCOMM0.13%$1M7.2K
81EXPDExpeditors Int'lCOMM0.13%$1M8.8K
82JPMJPMorgan ChaseCOMM0.13%$1M4.0K
83PPGPPG IndustriesCOMM0.13%$1M12.5K
84COPConocoPhillipsCOMM0.12%$1M13.0K
85CVXChevronCOMM0.12%$1M7.9K
86ULTAUlta BeautyCOMM0.12%$1M1.9K
87NSCNorfolk SouthernCOMM0.12%$1M4.0K
88VLTOVeraltoCOMM0.12%$1M11.6K
89NOCNorthrop GrummanCOMM0.11%$1M2.0K
90BACBank of AmericaCOMM0.11%$1M20.4K
91SBUXStarbucksCOMM0.10%$1M12.0K
92HSYHershey CompanyCOMM0.10%$977,0005.4K
93DISDisney, WaltCOMM0.09%$920,0008.1K
94BF/BBrown-Forman 'B'COMM0.08%$836,00032.1K
95CATCaterpillarCOMM0.08%$827,0001.4K
96ROSTRoss StoresCOMM0.08%$791,0004.4K
97EWEdwards LifesciencesCOMM0.08%$777,0009.1K
98CARRCarrier GlobalCOMM0.08%$762,00014.4K
99ORCLOracleCOMM0.08%$757,0003.9K
100BRK/ABerkshire Hathaway 'A'COMM0.08%$755,0001

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 ↗.