Ramsay Stattman Vela & Price Inc's Q4 2025 13F: 2 new positions, 1 exit
Form 13F-HR for the quarter ended Dec 31, 2025 · filed Jan 23, 2026 · 80 reported positions · accession 0001541399-26-000004
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | Fiserv, Inc. (FISV) | 1.9% | 0.2% | −1.8 pts | −71,605 sh | −85% |
| Increased | Amazon.com (AMZN) | 3.1% | 3.6% | +0.5 pts | +7,387 sh | +9% |
| Reduced | Roper Technologies (ROP) | 0.5% | 0.2% | −0.3 pts | −3,179 sh | −61% |
| Reduced | Alphabet Inc. Cl. C (GOOG) | 4.4% | 5.5% | +1.1 pts | −4,164 sh | −4% |
| Reduced | Apple Inc. (AAPL) | 7.8% | 8.1% | +0.4 pts | −4,166 sh | −2% |
| Increased | Procter & Gamble (PG) | 2.2% | 2.2% | 0.0 pts | +5,590 sh | +7% |
| Reduced | Russell 2000 iShares (IWM) | 1.6% | 1.5% | −0.1 pts | −2,915 sh | −8% |
| Exited | Bristol-Myers Squibb (BMY) | 0.1% | — | −0.1 pts | −14,025 sh | −100% |
| Increased | SPDR S&P 500 (SPY) | 0.7% | 0.9% | +0.1 pts | +882 sh | +14% |
| Reduced | S&P Core Mid-Cap iShares (IJH) | 1.7% | 1.6% | −0.1 pts | −8,547 sh | −6% |
| Reduced | MSCI EAFE iShares (EFA) | 1.1% | 1.0% | 0.0 pts | −4,667 sh | −7% |
| Reduced | Johnson & Johnson (JNJ) | 2.4% | 2.6% | +0.2 pts | −2,014 sh | −3% |
| Reduced | Berkshire Hathaway Cl. B (BRK-B) | 4.4% | 4.3% | 0.0 pts | −749 sh | −2% |
| Increased | Becton Dickinson (BDX) | 0.9% | 1.0% | +0.1 pts | +1,848 sh | +7% |
| Increased | Abbott Laboratories (ABT) | 2.6% | 2.5% | −0.1 pts | +2,788 sh | +3% |
| Increased | S&P Core Small-Cap iShares (IJR) | 0.3% | 0.3% | +0.1 pts | +2,718 sh | +22% |
| Reduced | Costco Wholesale (COST) | 2.2% | 2.0% | −0.2 pts | −373 sh | −3% |
| Reduced | Danaher Corp. (DHR) | 2.3% | 2.6% | +0.3 pts | −1,363 sh | −2% |
| Reduced | Air Products (APD) | 0.8% | 0.7% | −0.1 pts | −1,134 sh | −7% |
| Reduced | ASML Holding N.V. (ASML) | 0.8% | 0.8% | 0.0 pts | −247 sh | −6% |
| Reduced | Nestle S.A. ADR (NSRGY) | 1.0% | 1.1% | 0.0 pts | −2,615 sh | −4% |
| Reduced | Microsoft Corp. (MSFT) | 9.8% | 9.2% | −0.6 pts | −525 sh | 0% |
| Reduced | Starbucks Corp. (SBUX) | 1.0% | 0.9% | 0.0 pts | −2,771 sh | −4% |
| Increased | Nvidia Corp. (NVDA) | 5.7% | 5.8% | +0.1 pts | +1,219 sh | +1% |
| Reduced | McCormick & Co. (MKC) | 0.7% | 0.7% | 0.0 pts | −3,270 sh | −6% |
| New | Target Corp. (TGT) | — | 0.0% | 0.0 pts | +2,125 sh | new |
| New | Eli Lilly & Co. (LLY) | — | 0.0% | 0.0 pts | +191 sh | new |
| Increased | Thermo Fisher Scientific (TMO) | 1.3% | 1.6% | +0.3 pts | +337 sh | +2% |
| Reduced | MSCI Emerging Markets iShares (EEM) | 0.2% | 0.2% | 0.0 pts | −3,540 sh | −15% |
| Increased | Alphabet Inc. Cl. A (GOOGL) | 1.8% | 2.4% | +0.6 pts | +616 sh | +1% |
| Increased | Chevron Corp. (CVX) | 1.2% | 1.2% | 0.0 pts | +1,211 sh | +3% |
| Increased | Visa Inc. (V) | 3.3% | 3.5% | +0.1 pts | +504 sh | +1% |
| Reduced | Coca-Cola Co. (KO) | 1.7% | 1.7% | +0.1 pts | −2,304 sh | −2% |
| Reduced | Linde plc (LIN) | 1.5% | 1.3% | −0.2 pts | −343 sh | −2% |
| Reduced | FedEx Corp. (FDX) | 0.7% | 0.8% | +0.1 pts | −465 sh | −3% |
| Reduced | Nike, Inc. (NKE) | 0.9% | 0.8% | −0.1 pts | −2,041 sh | −3% |
| Increased | Cisco Systems (CSCO) | 1.1% | 1.2% | +0.2 pts | +1,658 sh | +2% |
| Reduced | Colgate-Palmolive (CL) | 0.7% | 0.6% | 0.0 pts | −1,539 sh | −3% |
| Reduced | Illinois Tool Works (ITW) | 2.3% | 2.2% | −0.1 pts | −449 sh | −1% |
| Reduced | Automatic Data Proc. (ADP) | 2.9% | 2.6% | −0.4 pts | −423 sh | −1% |
| Reduced | PepsiCo, Inc. (PEP) | 2.2% | 2.2% | 0.0 pts | −721 sh | −1% |
| Reduced | Diageo plc ADR (DEO) | 0.1% | 0.1% | 0.0 pts | −1,110 sh | −24% |
| Increased | Vanguard Shrt-Term Corp. Bond ETF (VCSH) | 0.5% | 0.5% | 0.0 pts | +1,128 sh | +3% |
| Reduced | Ralliant Corp. (RAL) | 0.0% | 0.0% | 0.0 pts | −1,686 sh | −28% |
| Increased | Home Depot Inc. (HD) | 2.5% | 2.1% | −0.3 pts | +232 sh | +1% |
| Increased | Vanguare FTSE Devel. Mkts. ETF (VEA) | 0.3% | 0.3% | 0.0 pts | +1,084 sh | +4% |
| Reduced | Merck & Co. (MRK) | 0.3% | 0.3% | +0.1 pts | −621 sh | −3% |
| Increased | Adobe Inc. (ADBE) | 0.8% | 0.8% | 0.0 pts | +165 sh | +1% |
| Increased | Vanguare FTSE Emerg. Mkts. ETF (VWO) | 0.3% | 0.3% | 0.0 pts | +1,045 sh | +4% |
| Reduced | Core S&P 500 iShares (IVV) | 0.0% | 0.0% | 0.0 pts | −82 sh | −20% |
The 50 largest of 64 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 48.2% of the equity book
Changes in the top 10 this quarter: JNJ entered · DHR entered · ADP left · ABT left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Microsoft Corp. (MSFT) | 9.8% | 9.2% | |
| 2 | Apple Inc. (AAPL) | 7.8% | 8.1% | |
| 3 | Nvidia Corp. (NVDA) | 5.7% | 5.8% | |
| 4 | Alphabet Inc. Cl. C (GOOG) | 4.4% | 5.5% | |
| 5 | Berkshire Hathaway Cl. B (BRK-B) | 4.4% | 4.3% | |
| 6 | Amazon.com (AMZN) | 3.1% | 3.6% | |
| 7 | Visa Inc. (V) | 3.3% | 3.5% | |
| 8 | Stryker Corp. (SYK) | 3.2% | 3.0% | |
| 9 | Johnson & Johnson (JNJ) | 2.4% | 2.6% | Entered the top 10 |
| 10 | Danaher Corp. (DHR) | 2.3% | 2.6% | Entered the top 10 |
| — | Automatic Data Proc. (ADP) | 2.9% | 2.6% | Left the top 10 |
| — | Abbott Laboratories (ABT) | 2.6% | 2.5% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).