DEARBORN PARTNERS LLC

CIK 1206792 · View on SEC EDGAR ↗

Portfolio value QoQ: -4.4% 13F does not disclose cash

Top 10 holdings weight27.89%

Top 25 holdings weight52.60%

Positions above 1%41

Effective number of positions57.7

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 4.61% Est. buys $83,182,973 · sells $204,117,249

Median holding: 6.0 quarters Tracked Q1 2025–Q2 2026 · 87.7% still held

New positions21

Increased102

Decreased120

Closed4

Portfolio value $1.8B #1,727 of 9,337 by 13F value · top 18.5%

Positions 285

As of June 30, 2026 Data as of Q2 2026

Performance vs S&P 500

Tracked Q1 2025–Q2 2026 +5.7%

S&P 500 total return (same window) +37.0%

Excess return -31.3%

Annualized: +4.6% · S&P 500: +28.7%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 94.4% · Options excluded: 0.0%

Sector breakdown

Industrials 21.1%

Technology 20.2%

Financials 9.6%

Healthcare 7.4%

Retail 7.2%

Utilities 6.5%

Materials 6.3%

Communication Services 4.9%

Energy 3.5%

Consumer Discretionary 2.5%

Consumer products 1.6%

Consumer Staples 1.6%

Real Estate 1.4%

Other/Unmapped 6.1%

Full portfolio 285 positions

Search positions by ticker or company name

					Streak
AAPL Apple Inc. - Common Stock	$114,283,867	6.48%	394,954	$7,177,047	Down ×6
MSFT Microsoft Corporation - Common Stock	$75,641,268	4.29%	202,781	$5,138,202	Up ×1
APH Amphenol Corporation Common Stock	$43,877,863	2.49%	248,854	$8,855,381	Down ×6
CASY Caseys General Stores, Inc. - Common Stock	$40,314,377	2.29%	50,723	$-16,283,001	Down ×3
TXN Texas Instruments Incorporated - Common Stock	$39,742,682	2.25%	133,333	$10,721,702	Down ×4
ADP Automatic Data Processing, Inc. - Common Stock	$39,438,922	2.24%	176,106	$3,750,959	Up ×1
QCOM QUALCOMM Incorporated - Common Stock	$35,626,107	2.02%	192,792	$8,365,495	Down ×4
MCD McDonald's Corporation Common Stock	$34,788,748	1.97%	128,699	$-13,375,973	Down ×4
WSO Watsco, Inc. Common Stock	$34,732,872	1.97%	83,346	$2,140,839	Down ×3
WEC WEC Energy Group, Inc. Common Stock	$33,247,048	1.89%	284,723	$-3,155,447	Down ×4
XOM Exxon Mobil Corporation Common Stock	$32,924,208	1.87%	240,815	$-12,805,050	Down ×4
ATO Atmos Energy Corporation Common Stock	$32,443,435	1.84%	188,329	$-2,333,614	Up ×1
NVDA NVIDIA Corporation - Common Stock	$31,634,690	1.79%	158,102	$23,721,272	Up ×2
CTVA Corteva, Inc. Common Stock	$31,604,655	1.79%	373,180	$-3,044,504	Down ×3
MA Mastercard Incorporated Common Stock	$30,507,141	1.73%	59,399	$-1,768,956	Down ×4
CAT Caterpillar, Inc. Common Stock	$30,475,569	1.73%	28,618	$10,182,976	Down ×6
RSG Republic Services, Inc. Common Stock	$30,022,124	1.70%	140,896	$-4,165,272	Down ×6
ITW Illinois Tool Works Inc. Common Stock	$28,842,000	1.64%	106,637	$-1,081,136	Down ×6
ABBV AbbVie Inc. Common Stock	$28,835,798	1.64%	114,591	$909,671	Down ×4
SHW Sherwin-Williams Company (The) Common Stock	$27,729,411	1.57%	80,534	$-283,769	Down ×4
JPM JP Morgan Chase & Co. Common Stock	$27,174,209	1.54%	83,018	$2,713,119	Down ×6
AJG Arthur J. Gallagher & Co. Common Stock	$26,584,258	1.51%	115,800	$-674,150	Down ×2
PG Procter & Gamble Company (The) Common Stock	$25,945,792	1.47%	176,935	$-1,894,320	Down ×4
VRSK Verisk Analytics, Inc. - Common Stock	$25,505,922	1.45%	142,071	$3,672,094	Up ×5
VZ Verizon Communications Inc. Common Stock	$25,484,038	1.45%	601,890	$-8,125,743	Down ×3
SNA Snap-On Incorporated Common Stock	$25,062,196	1.42%	62,282	$-9,003,830	Down ×4
COST Costco Wholesale Corporation - Common Stock	$23,119,633	1.31%	24,714	$-8,829,551	Down ×4
WMT Walmart Inc. - Common Stock	$22,742,403	1.29%	200,798	$-9,356,718	Down ×4
HD Home Depot, Inc. (The) Common Stock	$22,429,952	1.27%	63,599	$-483,046	Down ×4
MSI Motorola Solutions, Inc. Common Stock	$21,364,009	1.21%	51,444	$-3,629,832	Down ×4
SYK Stryker Corporation Common Stock	$20,476,454	1.16%	65,038	$-3,802,732	Down ×4
NDAQ Nasdaq, Inc. - Common Stock	$20,385,480	1.16%	258,633	$-3,731,064	Down ×4
CME CME Group Inc. - Class A Common Stock	$20,332,628	1.15%	92,074	$-9,332,454	Down ×1
JNJ Johnson & Johnson Common Stock	$20,246,404	1.15%	79,720	$767,211	Up ×1
STE STERIS plc (Ireland) Ordinary Shares	$19,908,457	1.13%	94,546	$-3,483,341	Down ×4
NEE NextEra Energy, Inc. Common Stock	$19,876,481	1.13%	226,461	$-1,155,238	Up ×1
ECL Ecolab Inc. Common Stock	$19,642,875	1.11%	70,503	$-1,427,771	Down ×1
EQIX Equinix, Inc. - Common Stock	$18,651,932	1.06%	17,893	$-1,336,964	Down ×4
Unknown issuer (CUSIP: 78409v104)	$18,477,992	1.05%	45,371	$-3,223,090	Down ×4
AVGO Broadcom Inc. - Common Stock	$18,469,726	1.05%	48,894	$14,607,351	Up ×5
CTAS Cintas Corporation - Common Stock	$18,406,077	1.04%	108,220	$-2,416,907	Down ×4
GOOGL Alphabet Inc. - Class A Common Stock	$17,089,773	0.97%	47,821	$3,585,210	Up ×1
MKCV CUSIP: 579780107	$16,408,556	0.93%	325,437	$-1,878,304	Down ×4
TRI (filed as TRIXXXX) Thomson Reuters Corp - Common Shares	$16,041,376	0.91%	196,417	$-4,308,358	Down ×1
FAST Fastenal Company - Common Stock	$15,789,875	0.90%	328,750	$-1,706,434	Down ×4
TMUS T-Mobile US, Inc. - Common Stock	$15,765,180	0.89%	93,991	$-7,054,152	Down ×4
GD General Dynamics Corporation Common Stock	$15,731,090	0.89%	44,408	$485,944	Down ×6
AWK American Water Works Company, Inc. Common Stock	$14,063,649	0.80%	106,883	$-3,115,706	Down ×4
MDLZ Mondelez International, Inc. - Class A Common Stock	$13,817,102	0.78%	238,885	$348,390	Up ×1
EOG EOG Resources, Inc. Common Stock	$12,601,258	0.71%	97,134	$-3,907,525	Down ×4
IBM International Business Machines Corporation Common Stock	$12,368,571	0.70%	43,983	$1,323,611	Down ×3
ARES Ares Management Corporation Class A Common Stock	$11,384,244	0.65%	102,275	$284,015	Up ×1
JKHY Jack Henry & Associates, Inc. - Common Stock	$10,873,955	0.62%	78,946	$-3,678,512	Down ×3
LNT Alliant Energy Corporation - Common Stock	$10,457,070	0.59%	137,070		Up ×1
RPM RPM International Inc. Common Stock	$10,379,520	0.59%	93,383	$1,097,250
UNP Union Pacific Corporation Common Stock	$9,977,776	0.57%	36,683	$977,544	Down ×6
INTU Intuit Inc. - Common Stock	$9,548,260	0.54%	36,583	$-8,478,620	Down ×4
BR Broadridge Financial Solutions, Inc. Common Stock	$9,534,127	0.54%	69,618	$-3,798,905	Down ×4
RS Reliance, Inc. Common Stock	$9,014,346	0.51%	24,128	$1,667,007	Down ×3
TJX TJX Companies, Inc. (The) Common Stock	$8,696,706	0.49%	57,404
SPYM State Street SPDR Portfolio S&P 500 ETF	$8,636,055	0.49%	98,271	$2,798,962	Up ×6
GILD Gilead Sciences, Inc. - Common Stock	$8,465,191	0.48%	67,003	$-1,273,253	Down ×4
ABT Abbott Laboratories Common Stock	$7,895,087	0.45%	87,008	$-14,407,229	Down ×4
OKE ONEOK, Inc. Common Stock	$7,207,153	0.41%	82,898	$-653,196	Down ×4
PEP PepsiCo, Inc. - Common Stock	$7,178,514	0.41%	53,017	$-881,517	Up ×1
APD Air Products and Chemicals, Inc. Common Stock	$5,915,957	0.34%	20,179	$-254,650	Down ×4
LLY Eli Lilly and Company Common Stock	$5,542,566	0.31%	4,621	$1,393,484	Up ×2
CVX Chevron Corporation Common Stock	$5,463,318	0.31%	32,959	$-1,354,262	Up ×1
RTX RTX Corporation Common Stock	$5,409,863	0.31%	28,513	$-281,166	Down ×6
LIN (filed as LINXXXX) Linde plc - Ordinary Shares	$5,133,354	0.29%	9,892	$216,902	Down ×3
NVS Novartis AG Common Stock	$5,021,152	0.28%	32,039	$74,954	Down ×1
AMZN Amazon.com, Inc. - Common Stock	$4,820,665	0.27%	20,226	$631,106	Up ×1
V Visa Inc.	$4,713,240	0.27%	13,738	$665,455	Up ×2
O Realty Income Corporation Common Stock	$4,580,295	0.26%	73,923	$-57,498	Down ×3
ACN Accenture plc Class A Ordinary Shares (Ireland)	$4,486,459	0.25%	36,053	$-20,621,111	Down ×1
VEA VANGUARD TAX-MANAGED FUNDS	$4,433,658	0.25%	62,227	$1,380,441	Up ×6
KO Coca-Cola Company (The) Common Stock	$3,943,577	0.22%	48,524	$253,807	Up ×1
SBUX Starbucks Corporation - Common Stock	$3,781,669	0.21%	37,006	$407,591	Down ×6
MRK Merck & Company, Inc. Common Stock (new)	$3,716,321	0.21%	28,921	$-498,975	Down ×3
MDT Medtronic plc. Ordinary Shares	$3,607,314	0.20%	46,112	$-785,030	Down ×4
DE Deere & Company Common Stock	$3,418,157	0.19%	5,389	$649,757	Up ×1
SMH SMH	$3,350,942	0.19%	5,109	$1,420,906	Up ×1
AGG iShares Trust	$2,974,191	0.17%	30,048	$88,372	Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock	$2,902,807	0.16%	4,997	$1,884,436	Down ×1
GOOG Alphabet Inc. - Class C Capital Stock	$2,881,759	0.16%	8,156	$549,013	Up ×1
TSCO Tractor Supply Company - Common Stock	$2,864,182	0.16%	90,610	$-20,306,733	Down ×4
CARR Carrier Global Corporation Common Stock	$2,819,354	0.16%	38,437	$655,192	Up ×1
QQQ Invesco QQQ Trust, Series 1	$2,398,860	0.14%	3,258	$544,640	Up ×2
IJH iShares Trust	$2,384,690	0.14%	30,926	$744,226	Up ×6
HSY The Hershey Company Common Stock	$2,206,052	0.13%	12,574	$-406,851	Up ×1
CRS Carpenter Technology Corporation Common Stock	$2,189,782	0.12%	3,550	$790,549
Unknown issuer (CUSIP: 78462f103)	$2,055,843	0.12%	2,753	$502,993	Up ×1
VCLT Vanguard Long-Term Corporate Bond ETF	$2,018,395	0.11%	26,823	$85,798	Up ×2
ASML ASML Holding N.V. - New York Registry Shares	$2,015,303	0.11%	1,013	$1,118,459	Up ×2
ETN Eaton Corporation, PLC Ordinary Shares	$1,997,651	0.11%	4,688	$969,707	Up ×1
WDC Western Digital Corporation - Common Stock	$1,825,462	0.10%	2,858	$957,730	Down ×1
BLK (filed as BLKXXXX) BlackRock, Inc. Common Stock	$1,816,790	0.10%	1,889	$-90,684	Down ×6
SCHA SCHWAB STRATEGIC TRUST	$1,809,860	0.10%	50,093	$621,942	Up ×6
ZTS Zoetis Inc. Class A Common Stock	$1,723,778	0.10%	23,988	$-10,915,277	Down ×4
VRP Invesco Exchange-Traded Fund Trust II	$1,707,980	0.10%	70,258	$52,873	Up ×1
No matches

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security	Value	% of portfolio	Streak
VRSK	$25,505,922	1.45%	up ×5
AVGO	$18,469,726	1.05%	up ×5
SPYM	$8,636,055	0.49%	up ×6
VEA	$4,433,658	0.25%	up ×6
IJH	$2,384,690	0.14%	up ×6
SCHA	$1,809,860	0.10%	up ×6
JIRE	$1,670,587	0.09%	up ×3
IEMG	$1,436,860	0.08%	up ×5
NOW	$974,532	0.06%	up ×6
GS	$969,904	0.06%	up ×3
VWO	$965,486	0.05%	up ×6
VUG	$755,103	0.04%	up ×3
XLI	$644,600	0.04%	up ×3
XLRE	$598,940	0.03%	up ×4
VBR	$578,559	0.03%	up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security	Value	Shares	% of portfolio
LNT	$10,457,070	137,070	0.59%
TJX	$8,696,706	57,404	0.49%
Unknown issuer (CUSIP: 43849R105)	$654,839	2,962	0.04%
TTC	$575,557	5,908	0.03%
HEI	$480,144	1,348	0.03%
IGV	$409,059	4,515	0.02%
MU	$408,619	354	0.02%
AMAT	$393,219	544	0.02%
FSLR	$371,637	1,575	0.02%
EFA	$324,313	3,122	0.02%
UWM	$323,158	3,700	0.02%
ICLN	$280,713	13,700	0.02%
HUBB	$274,680	525	0.02%
VST	$237,945	1,500	0.01%
MAS	$235,973	2,900	0.01%

Top movers (QoQ)

Security	Action	Shares Δ	Value Δ
NVDA	Bought more	+113K	+$23.7M
CASY	Trimmed	-27K	-$16.3M
AVGO	Bought more	+36K	+$14.6M
ABT	Trimmed	-130K	-$14.4M
MCD	Trimmed	-26K	-$13.4M
XOM	Trimmed	-29K	-$12.8M
TXN	Trimmed	-16K	+$10.7M
CAT	Trimmed	-25	+$10.2M
WMT	Trimmed	-57K	-$9.4M
CME	Trimmed	-8K	-$9.3M

3 positions hidden — reported move looks larger than the position itself (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

Security	Quarter	Shares before	Value before	Price since exit
UPS	June 30, 2025	96,402	$10,603,311	-7.8%
NOBL	March 31, 2026	11,889	$1,237,288	3.7%
BLV	June 30, 2025	12,307	$866,637
FMC	Dec. 31, 2025	22,225	$747,427	-39.1%
IBDQ	Dec. 31, 2025	24,884	$626,820
IDXX	Sept. 30, 2025	1,081	$579,784	-18.9%
UL (filed as ULXXXX)	Dec. 31, 2025	8,488	$503,169	-8.7%
ODFL	June 30, 2026	2,366	$462,316	-16.7%
CB	March 31, 2026	1,459	$455,499	1.5%
BSCQ	June 30, 2025	20,409	$397,567
ZBRA	Sept. 30, 2025	1,200	$370,032	26.5%
KMI	Sept. 30, 2025	11,538	$339,221	9.7%
FIS	Sept. 30, 2025	4,073	$331,583	-50.8%
FISV	Sept. 30, 2025	1,867	$321,889	-65.6%
VIXY	June 30, 2026	9,300	$319,455	-21.5%
PODD	Sept. 30, 2025	1,010	$317,322	-57.3%
VBR	June 30, 2025	1,698	$316,320
RMD	Sept. 30, 2025	1,131	$291,798	-20.0%
MUB	June 30, 2026	2,580	$273,867
XLF	March 31, 2026	4,960	$271,655	8.3%
TJX	Sept. 30, 2025	2,194	$270,937	-8.2%
PFXF	June 30, 2025	16,000	$268,160
SYY	March 31, 2026	3,563	$262,557	8.6%
OWL	Dec. 31, 2025	15,500	$262,415	-39.2%
BAX	June 30, 2025	7,258	$248,441	-22.4%
DOW	June 30, 2025	6,925	$241,821	5.6%
BABA	Sept. 30, 2025	2,130	$241,563	-40.8%
NKE	Dec. 31, 2025	3,431	$239,244	-46.8%
LEN	Dec. 31, 2025	1,860	$234,434	-22.4%
EFA	June 30, 2025	2,842	$232,277
AKAM	June 30, 2025	2,885	$232,243	36.6%
BMY	June 30, 2025	3,755	$229,017	32.1%
ULS	March 31, 2026	2,867	$226,092	-23.0%
MAS	Dec. 31, 2025	3,202	$225,389	7.7%
CAVA	Sept. 30, 2025	2,649	$223,125	-9.9%
HEI	June 30, 2025	831	$222,035	-7.8%
DHR	June 30, 2025	1,071	$219,555	8.4%
VBK	June 30, 2025	861	$216,774
CINF	Sept. 30, 2025	1,403	$208,935	2.4%
CMG	Dec. 31, 2025	5,300	$207,707	-12.5%
CVS	Sept. 30, 2025	3,006	$207,354	14.7%
IBIT	Dec. 31, 2025	3,133	$203,645
EWQ	March 31, 2026	4,500	$202,455
FSLR	March 31, 2026	775	$202,453	-11.5%
AMT	June 30, 2025	922	$200,627	-26.6%
SNY	March 31, 2026	748	$36,248	-17.1%
NGG	Sept. 30, 2025	471	$35,047	4.7%
HOOD	March 31, 2026	276	$31,216	62.7%
TER	March 31, 2026	149	$28,840	51.5%
RELX	June 30, 2026	822	$27,249	5.5%