Dearborn Partners portfolio

What changed this quarter

189 positions with a change (18 new, 67 added to, 100 trimmed, 4 sold); also, 1 entered through an IPO, 1 entered through a spin-off. 8 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• NVIDIA+248%more sharesIncreased
  0.4% → 1.8%
• Casey’s General Stores−35%fewer sharesReduced
  3.1% → 2.3%
• Broadcom+292%more sharesIncreased
  0.2% → 1.0%
• Tractor Supply−82%fewer sharesReduced
  1.3% → 0.2%
• Snap-on−34%fewer sharesReduced
  1.8% → 1.4%
• Abbott Laboratories−60%fewer sharesReduced
  1.2% → 0.4%
• Accenture−72%fewer sharesReduced
  1.4% → 0.3%
• Alliant Energy+0.6 ppof portfolioNew
  — → 0.6%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• AppleAAPL6.5%
• MicrosoftMSFT4.3%
• AmphenolAPH2.5%
• Casey’s General StoresCASY2.3%
• Texas InstrumentsTXN2.3%
• Automatic Data ProcessingADP2.2%
• QualcommQCOM2.0%
• McDONALD’SMCD2.0%
• WatscoWSO2.0%
• WEC Energy GroupWEC1.9%
• Exxon MobilXOM1.9%
• Atmos EnergyATO1.8%
• NVIDIANVDA1.8%
• CortevaCTVA1.8%
• MastercardMA1.7%
• CaterpillarCAT1.7%
• Republic ServicesRSG1.7%
• Illinois Tool WorksITW1.6%
• AbbVieABBV1.6%
• Sherwin-williamsSHW1.6%
• JPMorgan ChaseJPM1.5%
• Arthur J. GallagherAJG1.5%
• Procter & GamblePG1.5%
• Verisk AnalyticsVRSK1.4%
• Verizon CommunicationsVZ1.4%
• Snap-onSNA1.4%
• Costco WholesaleCOST1.3%
• WalmartWMT1.3%
• Home DepotHD1.3%
• Motorola SolutionsMSI1.2%
• StrykerSYK1.2%
• NasdaqNDAQ1.2%
• CME GroupCME1.2%
• Johnson & JohnsonJNJ1.1%
• AlphabetGOOGL · GOOG1.1%
• SterisSTE1.1%
• Nextera EnergyNEE1.1%
• EcolabECL1.1%
• EquinixEQIX1.1%
• S&P GlobalSPGI1.0%
• BroadcomAVGO1.0%
• CintasCTAS1.0%
• McCORMICKMKC/V0.9%
• Thomson Reuters0.9%
• FastenalFAST0.9%
• T-mobile USTMUS0.9%
• General DynamicsGD0.9%
• American Water WorksAWK0.8%
• Mondelez InternationalMDLZ0.8%
• EOG ResourcesEOG0.7%
• International Business MachinesIBM0.7%
• ARES ManagementARES0.6%
• Jack Henry & AssociatesJKHY0.6%
• Alliant EnergyLNT0.6%
• RPM InternationalRPM0.6%
• Union PacificUNP0.6%
• IntuitINTU0.5%
• Broadridge Financial SolutionsBR0.5%
• RelianceRS0.5%
• TJXTJX0.5%
• STE Str SPDR PT S&P 500 ETFSPYM0.5%
• Gilead SciencesGILD0.5%
• Abbott LaboratoriesABT0.4%
• OneokOKE0.4%
• PepsicoPEP0.4%
• Air Products and ChemicalsAPD0.3%
• Eli LillyLLY0.3%
• ChevronCVX0.3%
• RTXRTX0.3%
• Linde0.3%
• NovartisNVS0.3%
• Amazon.comAMZN0.3%
• VisaV0.3%
• Realty IncomeO0.3%
• AccentureACN0.3%
• Vanguard Ftse Developed ETFVEA0.3%
• Coca-ColaKO0.2%
• StarbucksSBUX0.2%
• MerckMRK0.2%
• MedtronicMDT0.2%
• DeereDE0.2%
• Vaneck ETF TrustSMH0.2%
• iShares Core U.s. Aggregate ETFAGG0.2%
• Advanced Micro DevicesAMD0.2%
• Tractor SupplyTSCO0.2%
• Carrier GlobalCARR0.2%
• Invesco QQQ Trust Series 1 ETFQQQ0.1%
• iShares Core S&P Midcap ETFIJH0.1%
• HersheyHSY0.1%
• Carpenter TechnologyCRS0.1%
• State Str Spdr S&P 500 ETF TSPY0.1%
• Vanguard Long-term Corp Bond ETFVCLT0.1%
• ASML HoldingASML0.1%
• EatonETN0.1%
• Western DigitalWDC0.1%
• BlackRockBLK0.1%
• Schwab US Small-cap ETFSCHA0.1%
• ZoetisZTS0.1%
• Invesco Variable Rate Prefer ETFVRP0.1%