WENDELL DAVID ASSOCIATES INC

Fundamental diversified ★Signal CIK 878228
League rank
#796
in Fundamental diversified · #6627 overall
Long book
$918.9M
Q1 2026
Positions
151
Top-10 weight
45%
concentration
Last quarter
+7.3%
SPY +14.8%
Turnover
4%
of book per quarter

Strategy in plain words

auto-generated from filings

WENDELL DAVID ASSOCIATES INC is a diversified fundamental manager, running a $918.9M US long book across 151 positions.

The portfolio is moderately concentrated (top 10 ≈ 45% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, TJX COMPANIES INC, MASTERCARD INC - A, MICROSOFT CORP, ELI LILLY & CO.

Over the last 9 quarters its long book ran on average 2.8pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+0.1%
Q2 2024
+7.9%
Q3 2024
-1.7%
Q4 2024
+1.3%
Q1 2025
+1.9%
Q2 2025
+2.7%
Q3 2025
+0.5%
Q4 2025
-5.0%
Q1 2026
+7.3%

Sector allocation

Technology
28%
Consumer discretionary
19%
Healthcare
18%
Services media
9%
Other
7%
Industrials
4%
Energy
4%
Consumer staples
4%

Long book by quarter

$989.6M
Q1 2024
$981.4M
Q2 2024
$1.05B
Q3 2024
$1.01B
Q4 2024
$1.00B
Q1 2025
$994.3M
Q2 2025
$1.01B
Q3 2025
$984.3M
Q4 2025
$918.9M
Q1 2026

What does WENDELL DAVID own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AAPL APPLE INCTechnology252.3K$64.0M7.0%-2.3%
TJX TJX COMPANIES INCConsumer discretionary360.4K$57.6M6.3%-1.9%
MA MASTERCARD INC - AServices media107.5K$53.7M5.8%-2.6%
MSFT MICROSOFT CORPTechnology131.6K$48.7M5.3%-1.0%
LLY ELI LILLY & COHealthcare43.8K$40.3M4.4%+0.6%
SYK STRYKER CORPHealthcare111.5K$36.6M4.0%-0.3%
ADP AUTOMATIC DATA PROCESSINGTechnology172.9K$35.1M3.8%-1.3%
GOOGL ALPHABET INC-CL ATechnology112.0K$32.2M3.5%-2.3%
JNJ JOHNSON & JOHNSONHealthcare100.7K$24.6M2.7%+0.1%
NEE NEXTERA ENERGY INCUtilities249.4K$23.2M2.5%-0.5%
MCD MCDONALD'S CORPConsumer discretionary71.5K$22.2M2.4%-1.6%
ABT ABBOTT LABORATORIESHealthcare210.5K$21.6M2.4%-0.5%
ABBV ABBVIE INCHealthcare95.5K$20.8M2.3%-0.9%
ECL ECOLAB INCOther72.2K$19.2M2.1%+2.6%
MPC MARATHON PETROLEUM CORPEnergy76.8K$18.7M2.0%+0.1%
COST COSTCO WHOLESALE CORPConsumer discretionary17.9K$17.9M1.9%+0.9%
INTU INTUIT INCTechnology39.7K$17.2M1.9%+0.7%
XOM EXXON MOBIL CORPEnergy91.5K$15.5M1.7%-1.1%
BR BROADRIDGE FINANCIAL SOLUTIOServices media86.9K$14.1M1.5%-13.4%
KO COCA-COLA CO/THEConsumer staples168.1K$12.8M1.4%-0.6%
PG PROCTER & GAMBLE CO/THEOther88.2K$12.7M1.4%-1.5%
CHD CHURCH & DWIGHT CO INCOther135.0K$12.6M1.4%-5.0%
PEP PEPSICO INCConsumer staples72.5K$11.3M1.2%-1.9%
WSO WATSCO INCConsumer discretionary30.7K$11.2M1.2%-2.2%
WMT WALMART INCConsumer discretionary77.5K$9.6M1.0%-0.1%
DHR DANAHER CORPTechnology46.2K$8.8M1.0%-4.1%
AMZN AMAZON.COM INCConsumer discretionary42.0K$8.7M1.0%+3.8%
RTX RTX CORPIndustrials43.3K$8.4M0.9%-0.5%
HD HOME DEPOT INCConsumer discretionary24.6K$8.1M0.9%-3.2%
SHW SHERWIN-WILLIAMS CO/THEConsumer discretionary22.5K$7.2M0.8%-0.2%
APH AMPHENOL CORP-CL ATechnology56.8K$7.2M0.8%+1.8%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials14.5K$7.0M0.8%+1.4%
MRK MERCK & CO. INC.Healthcare56.4K$6.8M0.7%+0.9%
MKC MCCORMICK & CO-NON VTG SHRSConsumer staples131.5K$6.6M0.7%-7.6%
IDXX IDEXX LABORATORIES INCMaterials11.1K$6.2M0.7%-10.1%
CASY CASEY'S GENERAL STORES INCConsumer discretionary8.4K$6.1M0.7%-1.9%
CL COLGATE-PALMOLIVE COOther71.6K$6.1M0.7%-3.4%
V VISA INC-CLASS A SHARESServices media18.5K$5.6M0.6%-2.5%
NKE NIKE INC -CL BOther102.3K$5.4M0.6%-17.0%
ORLY O'REILLY AUTOMOTIVE INCConsumer discretionary52.5K$4.8M0.5%-2.2%
VEEV VEEVA SYSTEMS INC-CLASS ATechnology27.1K$4.8M0.5%-0.2%
AJG ARTHUR J GALLAGHER & COFinancials21.2K$4.6M0.5%+8.0%
LOW LOWE'S COS INCConsumer discretionary19.4K$4.6M0.5%-0.2%
APD AIR PRODUCTS & CHEMICALS INCMaterials15.7K$4.6M0.5%Held
QCOM QUALCOMM INCTechnology34.0K$4.4M0.5%-1.3%
EMR EMERSON ELECTRIC COIndustrials33.4K$4.4M0.5%Held
LMT LOCKHEED MARTIN CORPIndustrials7.1K$4.3M0.5%+1.5%
SYY SYSCO CORPConsumer discretionary59.9K$4.3M0.5%-1.1%
ADI ANALOG DEVICES INCTechnology13.1K$4.2M0.5%-3.6%
GWW WW GRAINGER INCConsumer discretionary3.8K$4.1M0.4%-1.9%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 23, 2026151$918.9M $K fixed canonicalSEC ↗
Q4 202513F-HRJan 30, 2026149$984.3M $K fixed canonicalSEC ↗
Q3 202513F-HROct 30, 2025149$1.01B $K fixed canonicalSEC ↗
Q2 202513F-HRJul 29, 2025147$994.3M $K fixed canonicalSEC ↗
Q1 202513F-HRApr 18, 2025151$1.00B $K fixed canonicalSEC ↗
Q4 202413F-HRJan 17, 2025154$1.01B $K fixed canonicalSEC ↗
Q3 202413F-HROct 21, 2024160$1.05B $K fixed canonicalSEC ↗
Q2 202413F-HRJul 22, 2024159$981.4M $K fixed canonicalSEC ↗
Q1 202413F-HRApr 22, 2024163$989.6M $K fixed canonicalSEC ↗