# Lowell Blake & Associates Inc.

> Institutional holdings reported to the SEC as of Q3 2023 on Form 13F. CIK 1816635. Source: https://holderbook.com/funds/1816635-lowell-blake-associates-inc/

- Reported value: $354.8M
- Positions: 62
- Weight of the ten largest: 55.3%
- Filed: 2023-11-13

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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $30.5M | 2,286,664 | 8.6% | 16 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $27.9M | 259,837 | 7.9% | 16 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $22.0M | 128,661 | 6.2% | 16 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $20.4M | 156,140 | 5.8% | 16 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $17.1M | 74,383 | 4.8% | 16 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $17.1M | 117,026 | 4.8% | 16 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $16.6M | 130,333 | 4.7% | 16 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $15.4M | 90,937 | 4.3% | 16 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $14.9M | 95,857 | 4.2% | 16 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $14.1M | 129,807 | 4.0% | 16 |
| APTARGROUP INC | [ATR](https://holderbook.com/stocks/ATR/) | $13.7M | 109,913 | 3.9% | 16 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $13.6M | 44,974 | 3.8% | 16 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $10.1M | 170,573 | 2.9% | 16 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $9.9M | 143,242 | 2.8% | 16 |
| KEURIG DR PEPPER INC | [KDP](https://holderbook.com/stocks/KDP/) | $9.3M | 296,087 | 2.6% | 16 |
| ALCON AG | [ALC](https://holderbook.com/stocks/ALC/) | $9.1M | 117,729 | 2.6% | 16 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $7.6M | 79,148 | 2.2% | 16 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $7.5M | 274,922 | 2.1% | 16 |
| PAR TECHNOLOGY CORP | [PAR](https://holderbook.com/stocks/PAR/) | $6.9M | 179,529 | 2.0% | 16 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $6.8M | 56,364 | 1.9% | 16 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $6.0M | 15,479 | 1.7% | 16 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $5.9M | 28,901 | 1.7% | 16 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $5.1M | 30,340 | 1.4% | 16 |
| J & J SNACK FOODS CORP | [JJSF](https://holderbook.com/stocks/JJSF/) | $4.9M | 29,729 | 1.4% | 16 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $4.7M | 28,874 | 1.3% | 13 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $4.3M | 65,373 | 1.2% | 16 |
| GRACO INC | [GGG](https://holderbook.com/stocks/GGG/) | $4.1M | 119,892 | 1.2% | 13 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $3.1M | 34,610 | 0.9% | 16 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $2.9M | 5,770 | 0.8% | 14 |
| METTLER TOLEDO INTERNATIONAL | [MTD](https://holderbook.com/stocks/MTD/) | $2.9M | 2,605 | 0.8% | 16 |
| VONTIER CORPORATION | [VNT](https://holderbook.com/stocks/VNT/) | $2.3M | 72,778 | 0.6% | 4 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $2.1M | 20,785 | 0.6% | 16 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.6M | 15,000 | 0.4% | 11 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $1.5M | 4,112 | 0.4% | 3 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $1.3M | 9,020 | 0.4% | 11 |
| UNILEVER PLC | [ULXXXX](https://holderbook.com/stocks/ULXXXX/) | $982.4K | 19,887 | 0.3% | 16 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $968.9K | 1,715 | 0.3% | 9 |
| ROLLINS INC | [ROL](https://holderbook.com/stocks/ROL/) | $795.1K | 21,298 | 0.2% | 11 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $771.6K | 1,796 | 0.2% | 10 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $706.0K | 5,257 | 0.2% | 2 |
| SONOCO PRODS CO | [SON](https://holderbook.com/stocks/SON/) | $638.6K | 11,750 | 0.2% | 14 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $553.6K | 9,663 | 0.2% | 10 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $533.9K | 1,524 | 0.2% | 13 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $528.3K | 208 | 0.1% | 7 |
| STANLEY BLACK & DECKER INC | [SWK](https://holderbook.com/stocks/SWK/) | $442.3K | 5,292 | 0.1% | 6 |
| ENCORE WIRE CORP | [WIRE](https://holderbook.com/stocks/WIRE/) | $399.4K | 2,189 | 0.1% | 9 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $398.4K | 1,913 | 0.1% | 10 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $345.6K | 1,285 | 0.1% | 10 |
| FIDELITY COVINGTON TRUST | [FUTY](https://holderbook.com/stocks/FUTY/) | $316.3K | 8,342 | 0.1% | 10 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $308.1K | 2,205 | 0.1% | 10 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $292.0K | 2,483 | 0.1% | 7 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $270.8K | 4,001 | 0.1% | 10 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $257.4K | 1,070 | 0.1% | 1 |
| SCHEIN HENRY INC | [HSIC](https://holderbook.com/stocks/HSIC/) | $256.9K | 3,460 | 0.1% | 2 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $251.3K | 3,274 | 0.1% | 4 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $241.0K | 6,779 | 0.1% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $217.3K | 7,935 | 0.1% | 6 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $214.7K | 6,981 | 0.1% | 4 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $214.2K | 549 | 0.1% | 2 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $202.9K | 2,020 | 0.1% | 3 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $201.2K | 3,126 | 0.1% | 3 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $92.4K | 64,821 | 0.0% | 1 |

## 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 |
|---|---|---|---|---|
| Q3 2023 | -3.7% | -3.6% | -0.2% | 100% |
| Q2 2023 | +10.6% | +8.3% | +2.3% | 100% |
| Q1 2023 | +10.3% | +7.0% | +3.2% | 100% |
| Q4 2022 | +6.9% | +7.1% | -0.2% | 100% |
| Q3 2022 | -7.2% | -5.3% | -1.9% | 100% |
| Q2 2022 | -16.0% | -16.5% | +0.5% | 100% |
| Q1 2022 | -6.1% | -4.9% | -1.2% | 100% |
| Q4 2021 | +11.3% | +10.7% | +0.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2023 | $354.8M | 62 |
| Q2 2023 | $344.7M | 61 |
| Q1 2023 | $320.7M | 58 |
| Q4 2022 | $299.5M | 56 |
| Q3 2022 | $255.4M | 52 |
| Q2 2022 | $258.8M | 53 |
| Q1 2022 | $265.2M | 56 |
| Q4 2021 | $254.7M | 55 |
| Q3 2021 | $215.4M | 56 |
| Q2 2021 | $217.4M | 56 |
| Q1 2021 | $195.5M | 46 |
| Q4 2020 | $135.2M | 41 |