Azimuth Capital Investment Management LLC Q4 2023 Filing

Filed February 13, 2024

Portfolio Value

$2.2T

Holdings

302

Report Date

Q4 2023

Filing Type

13F-HR

All Holdings (302 positions)

#	Stock	Shares	Value	% Portfolio
101	EUDGWisdomTree Europe Hedged Eq Fu	178,340	$7.6B	0.34%
102	ABTAbbott Labs	68,342	$7.5B	0.34%
103	EMREmerson Electric Co	77,140	$7.5B	0.34%
104	KOCoca-Cola Co	123,649	$7.3B	0.33%
105	—Wal-Mart De Mexico SA Spon ADR	171,405	$7.2B	0.33%
106	MMM3M Co	65,548	$7.2B	0.32%
107	VEEVVeeva Systems Inc	37,026	$7.1B	0.32%
108	KMIKinder Morgan Inc	400,784	$7.1B	0.32%
109	WECWEC Energy Group Inc	81,502	$6.9B	0.31%
110	BACBank of America	203,418	$6.8B	0.31%
111	WYWeyerhaeuser Co	194,661	$6.8B	0.31%
112	—Terreno Realty Corp	106,985	$6.7B	0.30%
113	—Iron Mountain Inc	95,335	$6.7B	0.30%
114	LMTLockheed Martin	14,635	$6.6B	0.30%
115	AMGNAmgen Inc	22,907	$6.6B	0.30%
116	BMYBristol-Myers Squibb	127,011	$6.5B	0.29%
117	MDTMedtronic PLC	78,836	$6.5B	0.29%
118	BRK/BBerkshire Hathaway Cl B	18,074	$6.4B	0.29%
119	KMBKimberly-Clark Corp	51,781	$6.3B	0.28%
120	OGM1Cogent Communications Hldgs In	82,005	$6.2B	0.28%
121	TXNTexas Instruments	36,360	$6.2B	0.28%
122	DOWDow Inc	109,649	$6.0B	0.27%
123	ECLEcolab Inc	29,779	$5.9B	0.27%
124	PAYXPaychex Inc	49,353	$5.9B	0.27%
125	BNDVanguard Total Bond Market ETF	78,215	$5.8B	0.26%
126	TEAMAtlassian Corp PLC	24,179	$5.8B	0.26%
127	DUKDuke Energy Corp	58,476	$5.7B	0.26%
128	CTVACorteva Inc	117,590	$5.6B	0.25%
129	RTXRTX Corp	64,352	$5.4B	0.24%
130	EEMiShares MSCI Emerging Mkts	131,495	$5.3B	0.24%
131	SHELShell PLC Fun Spon ADR	80,325	$5.3B	0.24%
132	KHCKraft Heinz Co	142,002	$5.3B	0.24%
133	TJXTJX Companies	55,052	$5.2B	0.23%
134	MSMMSC Industrial Direct Co-A	49,853	$5.0B	0.23%
135	—Welltower Inc	55,804	$5.0B	0.23%
136	DASTYDassault Systems SA	101,811	$5.0B	0.22%
137	G7AGrupo Aeroportuario Cen-ADR	58,440	$4.9B	0.22%
138	CHKPCheck Point Software	30,522	$4.7B	0.21%
139	—MTU Aero Engines AG	42,296	$4.6B	0.21%
140	HONHoneywell Int'l Inc	21,458	$4.5B	0.20%
141	CNRCanadian Nat'l Railway	35,619	$4.5B	0.20%
142	NSYNICE Systems Ltd	22,096	$4.4B	0.20%
143	—Experian PLC	105,352	$4.3B	0.19%
144	TAT&T Inc	254,658	$4.3B	0.19%
145	—DBS Group	41,921	$4.2B	0.19%
146	—Capgemini	101,047	$4.2B	0.19%
147	CLColgate-Palmolive Co	52,840	$4.2B	0.19%
148	AFLAflac Inc	50,750	$4.2B	0.19%
149	NSRGYNestle SA ADR	35,048	$4.1B	0.18%
150	VOOVanguard S&P 500 ETF	9,209	$4.0B	0.18%
151	BAMBrookfield Asset Mgmt Cl A	97,058	$3.9B	0.18%
152	NEMNewmont Corp	94,025	$3.9B	0.18%
153	WNSNWNS Holdings Ltd-ADR	61,305	$3.9B	0.17%
154	PSAPublic Storage REIT	12,682	$3.9B	0.17%
155	EADSYAirbus SE	99,550	$3.8B	0.17%
156	BMOBank of Montreal	38,055	$3.8B	0.17%
157	CATCaterpillar Inc	12,560	$3.7B	0.17%
158	WBAWalgreens Boots Alliance Inc	141,275	$3.7B	0.17%
159	UPSUnited Parcel Service	23,371	$3.7B	0.17%
160	—London Stock Exchange	123,795	$3.7B	0.16%
161	—Techtronic INDS LTD SP ADR	60,728	$3.6B	0.16%
162	AMATApplied Materials Inc	21,790	$3.5B	0.16%
163	DAVAEndava Plc	45,065	$3.5B	0.16%
164	APDAir Products & Chem	12,701	$3.5B	0.16%
165	—TELUS Corp	179,902	$3.2B	0.14%
166	TTCThe Toro Co	31,575	$3.0B	0.14%
167	AXPAmerican Express	15,791	$3.0B	0.13%
168	GNTXGentex Corp	89,825	$2.9B	0.13%
169	VXUSVanguard Total Intl Stk ETF	47,565	$2.8B	0.12%
170	VLOValero Energy Corp	20,247	$2.6B	0.12%
171	NEOGNeogen Corp	127,662	$2.6B	0.12%
172	CAHCardinal Health	24,550	$2.5B	0.11%
173	ORealty Income Corp	41,980	$2.4B	0.11%
174	TRVTravelers Company Inc	12,630	$2.4B	0.11%
175	COPConocoPhillips	20,522	$2.4B	0.11%
176	NDSNNordson Corporation	8,883	$2.3B	0.11%
177	DEDeere & Co	5,747	$2.3B	0.10%
178	BPBP PLC ADR	63,558	$2.2B	0.10%
179	ORCLOracle Corp	21,020	$2.2B	0.10%
180	—Alphabet Inc Cl C	15,515	$2.2B	0.10%
181	FFord Motor Co	165,356	$2.0B	0.09%
182	IJHiShares S&P MidCap 400	7,202	$2.0B	0.09%
183	IWMiShares-Russell 2000	9,881	$2.0B	0.09%
184	EFAiShares MSCI EAFE	25,562	$1.9B	0.09%
185	WHRWhirlpool Corp	15,447	$1.9B	0.08%
186	WFCWells Fargo & Co	36,758	$1.8B	0.08%
187	CMECME Group Inc	8,328	$1.8B	0.08%
188	SOSouthern Co	24,809	$1.7B	0.08%
189	PGRProgressive Corp	10,614	$1.7B	0.08%
190	PNWPinnacle West Cap Corp	22,900	$1.6B	0.07%
191	BRK-B1/100 Berkshire CLA 100=1 BRK	300	$1.6B	0.07%
192	INGRIngredion Inc	14,685	$1.6B	0.07%
193	MCHPMicrochip Technology	17,000	$1.5B	0.07%
194	CMAComerica Inc	27,053	$1.5B	0.07%
195	QCOMQualcomm Inc	10,127	$1.5B	0.07%
196	TMOThermo Fisher Sci Inc	2,732	$1.5B	0.07%
197	ETNEaton Corp PLC	5,993	$1.4B	0.07%
198	NEENextEra Energy	23,285	$1.4B	0.06%
199	HSYHershey Co	7,450	$1.4B	0.06%
200	ABNBAirbnb Inc Cl A	10,175	$1.4B	0.06%

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