# DEARBORN PARTNERS LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1206792. Source: https://holderbook.com/funds/1206792-dearborn-partners-llc/

- Reported value: $3.6B
- Positions: 290
- Weight of the ten largest: 27.3%
- Filed: 2026-08-13

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $221.4M | 816,983 | 6.1% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $146.1M | 393,242 | 4.0% | 31 |
| CASEYS GEN STORES INC | [CASY](https://holderbook.com/stocks/CASY/) | $96.9M | 128,482 | 2.7% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $83.0M | 283,674 | 2.3% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $78.9M | 526,040 | 2.2% | 10 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $78.7M | 510,350 | 2.2% | 31 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $75.1M | 351,753 | 2.1% | 31 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $69.6M | 599,161 | 1.9% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $68.8M | 282,818 | 1.9% | 24 |
| WATSCO INC | [WSO](https://holderbook.com/stocks/WSO/) | $67.3M | 172,936 | 1.9% | 31 |
| ATMOS ENERGY CORP | [ATO](https://holderbook.com/stocks/ATO/) | $67.2M | 376,598 | 1.9% | 19 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $66.3M | 787,099 | 1.8% | 10 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $64.3M | 297,185 | 1.8% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $62.9M | 404,476 | 1.7% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $62.8M | 123,995 | 1.7% | 31 |
| SNAP ON INC | [SNA](https://holderbook.com/stocks/SNA/) | $59.1M | 156,071 | 1.6% | 31 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $59.1M | 1,271,408 | 1.6% | 31 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $58.8M | 221,598 | 1.6% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $56.8M | 242,993 | 1.6% | 31 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $55.7M | 167,925 | 1.5% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $55.1M | 56,778 | 1.5% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $54.8M | 459,079 | 1.5% | 31 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $53.8M | 241,658 | 1.5% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $53.8M | 369,680 | 1.5% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $51.6M | 166,174 | 1.4% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $50.8M | 57,261 | 1.4% | 31 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $50.0M | 192,514 | 1.4% | 23 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $47.3M | 257,137 | 1.3% | 6 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $46.4M | 109,037 | 1.3% | 9 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $45.3M | 133,267 | 1.3% | 31 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $44.8M | 138,927 | 1.2% | 31 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $44.5M | 542,725 | 1.2% | 31 |
| STERIS PLC | [STE](https://holderbook.com/stocks/STE/) | $43.3M | 200,329 | 1.2% | 30 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $40.9M | 452,901 | 1.1% | 31 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $40.7M | 149,710 | 1.1% | 31 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $40.2M | 96,392 | 1.1% | 22 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $39.8M | 159,759 | 1.1% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $39.5M | 203,477 | 1.1% | 25 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $39.2M | 231,331 | 1.1% | 11 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $38.6M | 38,285 | 1.1% | 20 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $38.6M | 202,639 | 1.1% | 10 |
| THOMSON REUTERS CORP. | [TRIXXXX](https://holderbook.com/stocks/TRIXXXX/) | $36.4M | 422,575 | 1.0% | 16 |
| MCCORMICK & CO INC | [MKCV](https://holderbook.com/stocks/MKCV/) | $34.7M | 687,984 | 1.0% | 15 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $33.3M | 705,826 | 0.9% | 24 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $31.2M | 233,118 | 0.9% | 31 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $31.0M | 88,826 | 0.9% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $30.6M | 94,784 | 0.8% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $30.2M | 304,231 | 0.8% | 31 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $29.6M | 162,673 | 0.8% | 31 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $29.1M | 211,326 | 0.8% | 18 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $27.6M | 78,275 | 0.8% | 24 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $27.3M | 472,555 | 0.8% | 15 |
| TRACTOR SUPPLY CO | [TSCO](https://holderbook.com/stocks/TSCO/) | $26.0M | 602,109 | 0.7% | 31 |
| HENRY JACK & ASSOC INC | [JKHY](https://holderbook.com/stocks/JKHY/) | $25.4M | 171,027 | 0.7% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $23.4M | 89,550 | 0.6% | 31 |
| BROADRIDGE FINL SOLUTIONS IN | [BR](https://holderbook.com/stocks/BR/) | $22.9M | 151,678 | 0.6% | 31 |
| ARES MANAGEMENT CORPORATION | [ARES](https://holderbook.com/stocks/ARES/) | $22.5M | 204,019 | 0.6% | 18 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $22.3M | 61,373 | 0.6% | 14 |
| RPM INTL INC | [RPM](https://holderbook.com/stocks/RPM/) | $19.7M | 186,766 | 0.5% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $19.0M | 73,779 | 0.5% | 31 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $18.2M | 136,878 | 0.5% | 31 |
| RELIANCE INC | [RS](https://holderbook.com/stocks/RS/) | $16.4M | 48,303 | 0.5% | 15 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $15.2M | 104,920 | 0.4% | 31 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $15.1M | 169,858 | 0.4% | 31 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $14.5M | 174,533 | 0.4% | 9 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $14.4M | 130,908 | 0.4% | 12 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $12.3M | 65,910 | 0.3% | 31 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $12.1M | 41,421 | 0.3% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $11.1M | 58,015 | 0.3% | 25 |
| ALLIANT ENERGY CORP | [LNT](https://holderbook.com/stocks/LNT/) | $10.5M | 137,070 | 0.3% | 1 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $10.4M | 67,247 | 0.3% | 31 |
| LINDE PLC | [LINXXXX](https://holderbook.com/stocks/LINXXXX/) | $10.0M | 19,809 | 0.3% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $9.7M | 9,132 | 0.3% | 31 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $9.2M | 149,729 | 0.3% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $9.0M | 40,342 | 0.2% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $8.8M | 27,131 | 0.2% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $8.7M | 57,603 | 0.2% | 1 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $8.0M | 96,803 | 0.2% | 29 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $7.9M | 63,964 | 0.2% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $7.6M | 97,042 | 0.2% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $7.5M | 109,874 | 0.2% | 9 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $7.2M | 74,667 | 0.2% | 31 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $6.2M | 10,304 | 0.2% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $5.9M | 59,118 | 0.2% | 27 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $5.3M | 10,143 | 0.1% | 25 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $5.2M | 16,288 | 0.1% | 31 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $5.0M | 76,870 | 0.1% | 25 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $4.8M | 25,143 | 0.1% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $4.3M | 6,471 | 0.1% | 31 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $4.0M | 55,218 | 0.1% | 31 |
| VANGUARD SCOTTSDALE FDS | [VCLT](https://holderbook.com/stocks/VCLT/) | $4.0M | 52,688 | 0.1% | 29 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $3.9M | 10,003 | 0.1% | 6 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $3.7M | 3,872 | 0.1% | 12 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.6M | 5,141 | 0.1% | 31 |
| CARPENTER TECHNOLOGY CORP | [CRS](https://holderbook.com/stocks/CRS/) | $3.6M | 7,100 | 0.1% | 9 |
| INVESCO EXCH TRADED FD TR II | [VRP](https://holderbook.com/stocks/VRP/) | $3.4M | 139,278 | 0.1% | 28 |
| VANGUARD TOTAL BOND MKT INDEX #584-ADM SH | - | $3.3M | 44,627 | 0.1% | 8 |
| PRINCIPAL EXCHANGE TRADED FD | [PREF](https://holderbook.com/stocks/PREF/) | $3.3M | 171,687 | 0.1% | 29 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $3.2M | 33,767 | 0.1% | 31 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $3.1M | 28,111 | 0.1% | 11 |

## 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 | +2.3% | +14.8% | -12.5% | 99% |
| Q1 2026 | -1.5% | -4.6% | +3.1% | 99% |
| Q4 2025 | -2.3% | +2.4% | -4.6% | 99% |
| Q3 2025 | +2.7% | +7.8% | -5.1% | 98% |
| Q2 2025 | +1.9% | +10.5% | -8.5% | 100% |
| Q1 2025 | +2.5% | -4.6% | +7.1% | 100% |
| Q4 2024 | -2.3% | +2.1% | -4.4% | 100% |
| Q3 2024 | +9.3% | +5.4% | +3.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $3.6B | 290 |
| Q1 2026 | $1.8B | 269 |
| Q4 2025 | $2.0B | 264 |
| Q3 2025 | $2.1B | 255 |
| Q2 2025 | $2.1B | 256 |
| Q1 2025 | $2.1B | 257 |
| Q4 2024 | $2.4B | 259 |
| Q3 2024 | $2.5B | 266 |
| Q2 2024 | $2.3B | 255 |
| Q1 2024 | $2.3B | 260 |
| Q4 2023 | $2.7B | 256 |
| Q3 2023 | $2.5B | 237 |