Azimuth Capital Investment Management LLC Q4 2022 Filing

Filed February 14, 2023

Portfolio Value

$2.0T

Holdings

304

Report Date

Q4 2022

Filing Type

13F-HR

All Holdings (304 positions)

#	Stock	Shares	Value	% Portfolio
101	TSMTaiwan Semiconductor	93,270	$6.9B	0.35%
102	BAXBaxter Int'l Inc	135,555	$6.9B	0.35%
103	EWJJapan Index (ETF)	125,320	$6.8B	0.35%
104	NSYNICE Systems Ltd	34,898	$6.7B	0.34%
105	CHKPCheck Point Software	53,133	$6.7B	0.34%
106	MSCIMSCI Inc	14,356	$6.7B	0.34%
107	VTIVanguard US Tot Mkt ETF	34,896	$6.7B	0.34%
108	—TELUS Corp	341,065	$6.6B	0.33%
109	VLOValero Energy Corp	51,812	$6.6B	0.33%
110	DOWDow Inc	130,149	$6.6B	0.33%
111	TYLTyler Technologies Inc	20,196	$6.5B	0.33%
112	BALLBall Corp	125,320	$6.4B	0.33%
113	VZVerizon Comm Inc	159,045	$6.3B	0.32%
114	PYPLPayPal Holdings Inc	87,620	$6.2B	0.32%
115	—Terreno Realty Corp	109,625	$6.2B	0.32%
116	VEEVVeeva Systems Inc	38,321	$6.2B	0.31%
117	KHCKraft Heinz Co	149,603	$6.1B	0.31%
118	AMGNAmgen Inc	23,040	$6.1B	0.31%
119	TXNTexas Instruments	35,413	$5.9B	0.30%
120	MGAMagna Int'l Cl A	103,020	$5.8B	0.29%
121	BRK/BBerkshire Hathaway Cl B	17,941	$5.5B	0.28%
122	METAMeta Platforms	45,775	$5.5B	0.28%
123	CMCSAComcast Corp Cl A	156,550	$5.5B	0.28%
124	G7AGrupo Aeroportuario Cen-ADR	88,220	$5.5B	0.28%
125	HONHoneywell Int'l Inc	25,018	$5.4B	0.27%
126	NEMNewmont Corp	113,210	$5.3B	0.27%
127	—Iron Mountain Inc	106,845	$5.3B	0.27%
128	KMIKinder Morgan Inc	294,562	$5.3B	0.27%
129	—Global Pmts Inc	53,057	$5.3B	0.27%
130	OGM1Cogent Communications Hldgs In	91,080	$5.2B	0.26%
131	TJXTJX Companies	63,814	$5.1B	0.26%
132	GRMNGarmin Ltd	54,859	$5.1B	0.26%
133	—Lonza Group AG	102,285	$5.0B	0.25%
134	WECWEC Energy Group Inc	53,011	$5.0B	0.25%
135	ORealty Income Corp	77,963	$4.9B	0.25%
136	SHELShell PLC Fun Spon ADR	86,370	$4.9B	0.25%
137	MMM3M Co	40,812	$4.9B	0.25%
138	OMCLOmnicell Inc	95,675	$4.8B	0.24%
139	EEFTEuronet Worldwide Inc	49,912	$4.7B	0.24%
140	EEMiShares MSCI Emerging Mkts	122,353	$4.6B	0.24%
141	ECLEcolab Inc	31,627	$4.6B	0.23%
142	AZNAstraZeneca PLC	66,680	$4.5B	0.23%
143	EUDGWisdomTree Europe Hedged Eq Fu	63,915	$4.5B	0.23%
144	—Experian PLC	128,220	$4.3B	0.22%
145	CRMSalesforce.com	32,199	$4.3B	0.22%
146	CLColgate-Palmolive Co	53,665	$4.2B	0.21%
147	VOOVanguard S&P 500 ETF	11,824	$4.2B	0.21%
148	MSMMSC Industrial Direct Co-A	49,760	$4.1B	0.21%
149	TGTTarget Corp	27,086	$4.0B	0.20%
150	UPSUnited Parcel Service	23,158	$4.0B	0.20%
151	FLT1EURFleetcor Technologies	21,610	$4.0B	0.20%
152	PAYXPaychex Inc	34,276	$4.0B	0.20%
153	NSRGYNestle SA ADR	34,154	$4.0B	0.20%
154	—Welltower Inc	60,252	$3.9B	0.20%
155	ASMLASML Holdings NV NY Reg Shares	7,191	$3.9B	0.20%
156	ZSZscaler Inc	35,013	$3.9B	0.20%
157	APDAir Products & Chem	12,700	$3.9B	0.20%
158	GLOBGlobant SA	23,175	$3.9B	0.20%
159	FQIDigital Realty Trust Inc	38,213	$3.8B	0.19%
160	AFLAflac Inc	52,935	$3.8B	0.19%
161	ICLRIcon PLC	19,210	$3.7B	0.19%
162	TTCThe Toro Co	32,925	$3.7B	0.19%
163	DUKDuke Energy Corp	35,956	$3.7B	0.19%
164	—MTU Aero Engines AG	34,290	$3.7B	0.19%
165	BMOBank of Montreal	40,680	$3.7B	0.19%
166	DASTYDassault Systems SA	102,171	$3.7B	0.19%
167	COPConocoPhillips	30,818	$3.6B	0.18%
168	DAVAEndava Plc	46,717	$3.6B	0.18%
169	—Techtronic INDS LTD SP ADR	62,376	$3.5B	0.18%
170	—Pinnacle Financial Partners	43,332	$3.2B	0.16%
171	ITWOProShares S&P 500 Div Aristocr	34,775	$3.1B	0.16%
172	TEAMAtlassian Corp PLC	23,760	$3.1B	0.16%
173	CATCaterpillar Inc	12,465	$3.0B	0.15%
174	AXPAmerican Express	20,160	$3.0B	0.15%
175	—Vanguard Short-Term Corp Bond	39,309	$3.0B	0.15%
176	BNBrookfield Corp Cl F	93,149	$2.9B	0.15%
177	AMATApplied Materials Inc	28,010	$2.7B	0.14%
178	GNTXGentex Corp	99,160	$2.7B	0.14%
179	BNDVanguard Total Bond Market ETF	34,415	$2.5B	0.13%
180	BPBP PLC ADR	70,660	$2.5B	0.13%
181	DEDeere & Co	5,735	$2.5B	0.12%
182	TRVTravelers Company Inc	13,027	$2.4B	0.12%
183	VXUSVanguard Total Intl Stk ETF	46,130	$2.4B	0.12%
184	PGRProgressive Corp	18,045	$2.3B	0.12%
185	ORCLOracle Corp	25,801	$2.1B	0.11%
186	CAHCardinal Health	26,898	$2.1B	0.10%
187	NEENextEra Energy	24,394	$2.0B	0.10%
188	TFCTruist Financial Corp	44,358	$1.9B	0.10%
189	FFord Motor Co	164,055	$1.9B	0.10%
190	NDSNNordson Corporation	7,870	$1.9B	0.09%
191	WFCWells Fargo & Co	44,990	$1.9B	0.09%
192	SOSouthern Co	26,010	$1.9B	0.09%
193	VFCVF Corp	66,110	$1.8B	0.09%
194	CMAComerica Inc	27,176	$1.8B	0.09%
195	IJHiShares S&P MidCap 400	7,477	$1.8B	0.09%
196	IWMiShares-Russell 2000	10,140	$1.8B	0.09%
197	PNWPinnacle West Cap Corp	23,135	$1.8B	0.09%
198	INGRIngredion Inc	17,730	$1.7B	0.09%
199	—First Republic Bk/CA	13,625	$1.7B	0.08%
200	HSYHershey Co	7,125	$1.6B	0.08%

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