# Chesley Taft & Associates LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1164632. Source: https://holderbook.com/funds/1164632-chesley-taft-associates-llc/

- Reported value: $2.6B
- Positions: 369
- Weight of the ten largest: 31.2%
- Filed: 2026-07-08

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $147.9M | 418,449 | 5.8% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $93.0M | 464,689 | 3.6% | 26 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $82.3M | 284,343 | 3.2% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $81.0M | 340,030 | 3.2% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $81.0M | 217,171 | 3.2% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $80.4M | 212,959 | 3.1% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $62.1M | 182,105 | 2.4% | 16 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $61.8M | 66,032 | 2.4% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $56.0M | 171,069 | 2.2% | 31 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $55.1M | 371,712 | 2.1% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $53.3M | 209,735 | 2.1% | 31 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $51.6M | 540,179 | 2.0% | 25 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $46.4M | 602,154 | 1.8% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $45.9M | 61,466 | 1.8% | 31 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $43.7M | 138,749 | 1.7% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $42.0M | 122,542 | 1.6% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $36.0M | 100,825 | 1.4% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $35.6M | 202,062 | 1.4% | 31 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $35.3M | 103,675 | 1.4% | 31 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $34.5M | 93,673 | 1.3% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $27.7M | 81,938 | 1.1% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $25.9M | 50,518 | 1.0% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $25.4M | 279,684 | 1.0% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $25.3M | 355,041 | 1.0% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $25.0M | 33,396 | 1.0% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $24.4M | 20,347 | 1.0% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $23.6M | 124,452 | 0.9% | 25 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $22.1M | 263,320 | 0.9% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $21.9M | 162,052 | 0.9% | 31 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $21.8M | 108,726 | 0.8% | 4 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $21.8M | 267,641 | 0.8% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $21.6M | 147,204 | 0.8% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $21.5M | 60,835 | 0.8% | 31 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $21.3M | 152,055 | 0.8% | 9 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $21.2M | 42,333 | 0.8% | 31 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $21.0M | 6,569 | 0.8% | 16 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $21.0M | 37,262 | 0.8% | 31 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $20.6M | 92,482 | 0.8% | 30 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $20.1M | 74,412 | 0.8% | 31 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $19.6M | 271,677 | 0.8% | 6 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $18.3M | 343,445 | 0.7% | 4 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $18.1M | 219,282 | 0.7% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $17.7M | 129,699 | 0.7% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JMUB](https://holderbook.com/stocks/JMUB/) | $15.8M | 312,202 | 0.6% | 10 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $15.4M | 81,276 | 0.6% | 2 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $15.0M | 138,943 | 0.6% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JMST](https://holderbook.com/stocks/JMST/) | $14.6M | 285,335 | 0.6% | 18 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $14.1M | 135,426 | 0.5% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $13.9M | 144,873 | 0.5% | 31 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $13.6M | 253,912 | 0.5% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $13.4M | 49,293 | 0.5% | 31 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $13.3M | 85,183 | 0.5% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $12.7M | 144,257 | 0.5% | 31 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $12.1M | 39,904 | 0.5% | 31 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $11.3M | 40,413 | 0.4% | 31 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $11.2M | 90,271 | 0.4% | 31 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $10.8M | 133,449 | 0.4% | 31 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $10.6M | 28,726 | 0.4% | 31 |
| ISHARES TR | [FLOT](https://holderbook.com/stocks/FLOT/) | $10.4M | 202,885 | 0.4% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $10.2M | 24,620 | 0.4% | 31 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $10.1M | 14,342 | 0.4% | 31 |
| CHURCH & DWIGHT CO INC | [CHD](https://holderbook.com/stocks/CHD/) | $9.6M | 98,751 | 0.4% | 31 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $9.5M | 7,001 | 0.4% | 31 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $9.5M | 76,832 | 0.4% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $8.3M | 83,979 | 0.3% | 31 |
| WILLIS TOWERS WATSON PLC LTD | [WTW](https://holderbook.com/stocks/WTW/) | $8.2M | 31,336 | 0.3% | 31 |
| CANADIAN IMPERIAL BANK OF CO | [CM](https://holderbook.com/stocks/CM/) | $8.1M | 70,388 | 0.3% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $8.1M | 6,864 | 0.3% | 9 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $7.8M | 66,521 | 0.3% | 29 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $7.7M | 46,629 | 0.3% | 31 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $7.7M | 152,550 | 0.3% | 15 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $7.7M | 28,389 | 0.3% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $7.5M | 6,502 | 0.3% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $7.5M | 104,495 | 0.3% | 9 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $7.4M | 69,722 | 0.3% | 25 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $7.2M | 37,898 | 0.3% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $7.2M | 55,810 | 0.3% | 31 |
| CBOE GLOBAL MKTS INC | [CBOE](https://holderbook.com/stocks/CBOE/) | $7.1M | 29,447 | 0.3% | 31 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $7.0M | 16,222 | 0.3% | 2 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $6.8M | 18,897 | 0.3% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $6.6M | 45,295 | 0.3% | 31 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $6.5M | 63,888 | 0.3% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $6.2M | 40,786 | 0.2% | 31 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $6.1M | 20,900 | 0.2% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $6.1M | 11,675 | 0.2% | 14 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $5.8M | 26,562 | 0.2% | 27 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $5.7M | 13,471 | 0.2% | 10 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $5.6M | 113,140 | 0.2% | 27 |
| FIDELITY MERRIMACK STR TR | [FBND](https://holderbook.com/stocks/FBND/) | $5.5M | 120,215 | 0.2% | 12 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $5.4M | 62,253 | 0.2% | 23 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $5.1M | 32,410 | 0.2% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $5.0M | 19,924 | 0.2% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $4.8M | 12,950 | 0.2% | 20 |
| FORTIVE CORP | [FTV](https://holderbook.com/stocks/FTV/) | $4.7M | 77,475 | 0.2% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $4.7M | 92,750 | 0.2% | 31 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $4.7M | 194,317 | 0.2% | 31 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $4.6M | 62,518 | 0.2% | 31 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $4.6M | 31,831 | 0.2% | 31 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $4.5M | 23,862 | 0.2% | 31 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $4.4M | 19,540 | 0.2% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +8.6% | +14.8% | -6.2% | 100% |
| Q1 2026 | -4.4% | -4.6% | +0.2% | 100% |
| Q4 2025 | +1.7% | +2.4% | -0.7% | 100% |
| Q3 2025 | +6.2% | +7.8% | -1.6% | 100% |
| Q2 2025 | +8.0% | +10.5% | -2.4% | 100% |
| Q1 2025 | -3.4% | -4.6% | +1.1% | 100% |
| Q4 2024 | +1.1% | +2.1% | -1.0% | 100% |
| Q3 2024 | +5.7% | +5.4% | +0.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.6B | 369 |
| Q1 2026 | $2.4B | 370 |
| Q4 2025 | $2.5B | 371 |
| Q3 2025 | $2.4B | 348 |
| Q2 2025 | $2.2B | 334 |
| Q1 2025 | $2.1B | 330 |
| Q4 2024 | $2.2B | 326 |
| Q3 2024 | $2.1B | 323 |
| Q2 2024 | $2.0B | 309 |
| Q1 2024 | $2.0B | 311 |
| Q4 2023 | $1.8B | 301 |
| Q3 2023 | $1.5B | 289 |