# ICW Investment Advisors LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1794820. Source: https://holderbook.com/funds/1794820-icw-investment-advisors-llc/

- Reported value: $285.7M
- Positions: 144
- Weight of the ten largest: 22.8%
- Filed: 2026-08-05

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/) | $8.1M | 28,013 | 2.8% | 27 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $7.0M | 18,539 | 2.5% | 27 |
| CASEYS GEN STORES INC | [CASY](https://holderbook.com/stocks/CASY/) | $6.8M | 8,578 | 2.4% | 27 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $6.7M | 33,241 | 2.3% | 13 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.5M | 17,429 | 2.3% | 27 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $6.4M | 17,840 | 2.2% | 27 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $6.1M | 24,328 | 2.1% | 27 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $6.0M | 8,751 | 2.1% | 18 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $5.9M | 17,129 | 2.1% | 27 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $5.8M | 24,310 | 2.0% | 27 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $5.4M | 10,592 | 1.9% | 27 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $5.3M | 5,633 | 1.8% | 27 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $4.8M | 52,573 | 1.7% | 27 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $4.4M | 17,208 | 1.5% | 27 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $4.3M | 38,350 | 1.5% | 27 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $4.0M | 3,354 | 1.4% | 12 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $4.0M | 7,678 | 1.4% | 14 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $3.8M | 17,932 | 1.3% | 27 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $3.8M | 24,973 | 1.3% | 27 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $3.7M | 13,135 | 1.3% | 27 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $3.6M | 10,546 | 1.3% | 27 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $3.5M | 9,912 | 1.2% | 27 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $3.5M | 25,317 | 1.2% | 27 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $3.5M | 71,865 | 1.2% | 27 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $3.3M | 9,134 | 1.2% | 27 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $3.2M | 23,991 | 1.1% | 27 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $3.2M | 18,047 | 1.1% | 25 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $3.1M | 13,861 | 1.1% | 27 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $3.1M | 6,086 | 1.1% | 27 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $3.1M | 19,254 | 1.1% | 27 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $3.0M | 8,587 | 1.1% | 27 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $2.9M | 5,778 | 1.0% | 27 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $2.9M | 10,872 | 1.0% | 27 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $2.9M | 35,095 | 1.0% | 27 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $2.8M | 14,841 | 1.0% | 25 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.8M | 3,756 | 1.0% | 12 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $2.7M | 29,609 | 0.9% | 27 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.6M | 22,290 | 0.9% | 27 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $2.6M | 9,558 | 0.9% | 27 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.5M | 15,253 | 0.9% | 27 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $2.5M | 17,128 | 0.9% | 27 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $2.5M | 11,828 | 0.9% | 27 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $2.4M | 8,409 | 0.9% | 27 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $2.4M | 1,729 | 0.8% | 27 |
| DOVER CORP | [DOV](https://holderbook.com/stocks/DOV/) | $2.3M | 10,429 | 0.8% | 27 |
| RESMED INC | [RMD](https://holderbook.com/stocks/RMD/) | $2.3M | 11,969 | 0.8% | 27 |
| CHURCH & DWIGHT CO INC | [CHD](https://holderbook.com/stocks/CHD/) | $2.3M | 23,732 | 0.8% | 27 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $2.3M | 36,435 | 0.8% | 27 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $2.2M | 25,467 | 0.8% | 27 |
| DONALDSON INC | [DCI](https://holderbook.com/stocks/DCI/) | $2.2M | 24,195 | 0.8% | 27 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $2.2M | 21,195 | 0.8% | 27 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $2.2M | 45,035 | 0.8% | 27 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.1M | 6,078 | 0.8% | 27 |
| EXPEDITORS INTL WASH INC | [EXPD](https://holderbook.com/stocks/EXPD/) | $2.1M | 12,591 | 0.7% | 27 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $2.0M | 16,931 | 0.7% | 27 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $2.0M | 11,456 | 0.7% | 27 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $2.0M | 21,824 | 0.7% | 27 |
| BALCHEM CORP | [BCPC](https://holderbook.com/stocks/BCPC/) | $2.0M | 11,705 | 0.7% | 27 |
| AMETEK INC | [AME](https://holderbook.com/stocks/AME/) | $1.9M | 7,951 | 0.7% | 27 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $1.9M | 19,958 | 0.7% | 27 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $1.9M | 8,705 | 0.6% | 27 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $1.9M | 6,652 | 0.6% | 27 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $1.8M | 15,311 | 0.6% | 27 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $1.8M | 6,052 | 0.6% | 27 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.7M | 3,090 | 0.6% | 13 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.7M | 4,176 | 0.6% | 27 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.7M | 6,302 | 0.6% | 27 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $1.7M | 5,319 | 0.6% | 27 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $1.7M | 27,684 | 0.6% | 3 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $1.5M | 21,035 | 0.5% | 27 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $1.5M | 9,740 | 0.5% | 27 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.5M | 1,985 | 0.5% | 27 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $1.4M | 11,075 | 0.5% | 27 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $1.4M | 18,918 | 0.5% | 23 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $1.4M | 4,316 | 0.5% | 27 |
| ROLLINS INC | [ROL](https://holderbook.com/stocks/ROL/) | $1.4M | 32,768 | 0.5% | 27 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $1.4M | 4,575 | 0.5% | 25 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $1.4M | 7,481 | 0.5% | 27 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $1.3M | 16,972 | 0.5% | 27 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.3M | 6,986 | 0.5% | 27 |
| HORMEL FOODS CORP | [HRL](https://holderbook.com/stocks/HRL/) | $1.3M | 50,426 | 0.4% | 27 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $1.3M | 24,800 | 0.4% | 27 |
| FACTSET RESH SYS INC | [FDS](https://holderbook.com/stocks/FDS/) | $1.2M | 5,358 | 0.4% | 27 |
| APTARGROUP INC | [ATR](https://holderbook.com/stocks/ATR/) | $1.2M | 9,599 | 0.4% | 27 |
| KEURIG DR PEPPER INC | [KDP](https://holderbook.com/stocks/KDP/) | $1.2M | 36,382 | 0.4% | 27 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $1.2M | 6,104 | 0.4% | 27 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $1.1M | 2,807 | 0.4% | 11 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $1.1M | 9,285 | 0.4% | 27 |
| HENRY JACK & ASSOC INC | [JKHY](https://holderbook.com/stocks/JKHY/) | $1.1M | 7,919 | 0.4% | 27 |
| NEW JERSEY RES CORP | [NJR](https://holderbook.com/stocks/NJR/) | $1.0M | 18,704 | 0.4% | 27 |
| CLOROX CO DEL | [CLX](https://holderbook.com/stocks/CLX/) | $1.0M | 10,877 | 0.4% | 27 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $1.0M | 3,286 | 0.4% | 25 |
| HEICO CORP NEW | [HEIA](https://holderbook.com/stocks/HEIA/) | $1.0M | 3,980 | 0.4% | 25 |
| CHESAPEAKE UTILS CORP | [CPK](https://holderbook.com/stocks/CPK/) | $1.0M | 8,209 | 0.4% | 27 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $1.0M | 4,718 | 0.4% | 11 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $897.2K | 842 | 0.3% | 7 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $887.2K | 25,493 | 0.3% | 27 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $879.0K | 2,685 | 0.3% | 27 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $849.4K | 883 | 0.3% | 7 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $842.1K | 4,951 | 0.3% | 15 |

## 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 | +4.3% | +14.8% | -10.5% | 100% |
| Q1 2026 | -0.8% | -4.6% | +3.8% | 100% |
| Q4 2025 | -0.0% | +2.4% | -2.4% | 99% |
| Q3 2025 | +3.8% | +7.8% | -4.0% | 100% |
| Q2 2025 | +2.0% | +10.5% | -8.5% | 100% |
| Q1 2025 | +1.5% | -4.6% | +6.1% | 100% |
| Q4 2024 | -3.5% | +2.1% | -5.7% | 100% |
| Q3 2024 | +8.2% | +5.4% | +2.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $285.7M | 144 |
| Q1 2026 | $276.6M | 147 |
| Q4 2025 | $275.0M | 145 |
| Q3 2025 | $278.0M | 143 |
| Q2 2025 | $253.2M | 140 |
| Q1 2025 | $245.5M | 140 |
| Q4 2024 | $239.6M | 139 |
| Q3 2024 | $240.3M | 139 |
| Q2 2024 | $220.3M | 137 |
| Q1 2024 | $224.9M | 137 |
| Q4 2023 | $205.4M | 138 |
| Q3 2023 | $186.2M | 135 |