SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI Q3 2017 Filing

Filed November 2, 2017

Portfolio Value

$644.9M

Holdings

105

Report Date

Q3 2017

Filing Type

13F-HR

All Holdings (105 positions)

#	Stock	Shares	Value	% Portfolio
1	WATWaters Corp.	130,686	$23.5M	3.64%
2	KMBKimberly-Clark	156,382	$18.4M	2.85%
3	CMCSAComcast	452,000	$17.4M	2.70%
4	SYYSysco	321,825	$17.4M	2.69%
5	SYKStryker	120,417	$17.1M	2.65%
6	CSCOCisco Systems	502,483	$16.9M	2.62%
7	ADBEAdobe Systems	109,682	$16.4M	2.54%
8	WBAWalgreens Boots Alliance	201,747	$15.6M	2.42%
9	AFLAFLAC	190,341	$15.5M	2.40%
10	JNJJohnson & Johnson	113,627	$14.8M	2.29%
11	DISWalt Disney	149,719	$14.8M	2.29%
12	AXPAmerican Express	160,748	$14.5M	2.25%
13	GOOGAlphabet (Google) C	14,777	$14.2M	2.20%
14	WFCWells Fargo	252,163	$13.9M	2.16%
15	INTCIntel	361,000	$13.7M	2.13%
16	USBU.S. Bancorp	250,539	$13.4M	2.08%
17	PAYXPaychex	213,833	$12.8M	1.99%
18	HDHome Depot	76,536	$12.5M	1.94%
19	TROWT. Rowe Price	133,860	$12.1M	1.88%
20	ORCLOracle	249,945	$12.1M	1.87%
21	VAREURVarian Medical Systems	118,881	$11.9M	1.84%
22	NATINational Instruments	280,570	$11.8M	1.83%
23	AAPLApple	76,483	$11.8M	1.83%
24	UNPUnion Pacific	99,068	$11.5M	1.78%
25	ADPAutomatic Data Processing	99,785	$10.9M	1.69%
26	ABTAbbott Labs	203,235	$10.8M	1.68%
27	SRCLStericycle	147,465	$10.6M	1.64%
28	BENFranklin Resources	235,952	$10.5M	1.63%
29	BRK/BBerkshire Hathaway - B	51,325	$9.4M	1.46%
30	PXGBXPraxair	67,300	$9.4M	1.46%
31	MDTMedtronic plc	120,039	$9.3M	1.45%
32	GOOGLAlphabet (Google) A	9,494	$9.2M	1.43%
33	NSRGYNestle - ADR	110,269	$9.2M	1.43%
34	IDXXIdexx Laboratories	57,040	$8.9M	1.38%
35	PFEPfizer	224,950	$8.0M	1.25%
36	AMEAmetek	109,475	$7.2M	1.12%
37	—Weingarten Realty	216,266	$6.9M	1.06%
38	SBUXStarbucks	125,510	$6.7M	1.05%
39	BBTUSDBB&T Corp.	138,750	$6.5M	1.01%
40	XLNXEURXilinx	91,821	$6.5M	1.01%
41	IBMIBM	43,088	$6.3M	0.97%
42	GEGeneral Electric	257,754	$6.2M	0.97%
43	NKENike	119,244	$6.2M	0.96%
44	ESRXExpress Scripts	94,730	$6.0M	0.93%
45	VVisa	56,890	$6.0M	0.93%
46	SSNCSS&C Technologies	147,681	$5.9M	0.92%
47	ECLEcolab	45,742	$5.9M	0.91%
48	RHHBYRoche Holdings - ADR	175,060	$5.6M	0.87%
49	NFXNewfield Exploration	181,795	$5.4M	0.84%
50	NBL2EURNoble Energy	183,941	$5.2M	0.81%
51	DUKDuke Energy	60,141	$5.0M	0.78%
52	DEODiageo ADS	34,590	$4.6M	0.71%
53	REGNRegeneron	10,204	$4.6M	0.71%
54	WRUSDWestar Energy	91,296	$4.5M	0.70%
55	KCDMYKimberly-Clark De Mexico - ADR	437,078	$4.5M	0.69%
56	INTUIntuit	31,300	$4.4M	0.69%
57	ADIAnalog Devices	50,981	$4.4M	0.68%
58	MSFTMicrosoft	53,260	$4.0M	0.62%
59	ENBEnbridge Inc.	86,745	$3.6M	0.56%
60	SOSouthern Company	67,625	$3.3M	0.52%
61	METAFacebook	19,243	$3.3M	0.51%
62	BMSBemis	68,013	$3.1M	0.48%
63	BRK-BBerkshire Hathaway - CL A	11	$3.0M	0.47%
64	MRSHMarsh & McLennan	35,650	$3.0M	0.46%
65	MRKMerck	42,896	$2.7M	0.43%
66	TSSTotal Systems Services	37,483	$2.5M	0.38%
67	XOMExxon Mobil	28,063	$2.3M	0.36%
68	KOCoca-Cola	50,201	$2.3M	0.35%
69	BKNGThe Priceline Group	1,221	$2.2M	0.35%
70	IPGPIPG Photonics	10,855	$2.0M	0.31%
71	BIDUNBaidu	6,905	$1.7M	0.27%
72	PGProcter & Gamble	17,086	$1.6M	0.24%
73	ABBVAbbVie	16,785	$1.5M	0.23%
74	—Canadian Pacific Railway	8,050	$1.4M	0.21%
75	9990302DApache Corp	27,625	$1.3M	0.20%
76	PEPPepsico	10,382	$1.2M	0.18%
77	ASBAssociated Bancorp	43,026	$1.0M	0.16%
78	W3UWestern Union	51,600	$991K	0.15%
79	DHRB&G Foods	29,610	$943K	0.15%
80	—Exactech	27,959	$921K	0.14%
81	AMZNAmazon.com	904	$869K	0.13%
82	AINAlbany International	15,000	$861K	0.13%
83	VFCVF Corporation	12,785	$813K	0.13%
84	BLKBBlackbaud	9,250	$812K	0.13%
85	CMPCompass Minerals	10,240	$665K	0.10%
86	PYPLPayPal Holdings, Inc.	8,975	$575K	0.09%
87	SLBSchlumberger	7,500	$523K	0.08%
88	4I1Philip Morris	4,703	$522K	0.08%
89	—Spectra Energy Partners	10,700	$475K	0.07%
90	TWTRUSDTwitter	27,410	$462K	0.07%
91	WTBAWest Bancorporation	17,900	$437K	0.07%
92	NICNicolet Bankshares	6,429	$370K	0.06%
93	CLColgate-Palmolive	4,035	$294K	0.05%
94	MMM3M Company	1,397	$293K	0.05%
95	VREXVarex Imaging Corp.	7,613	$258K	0.04%
96	CVXChevronTexaco	2,114	$248K	0.04%
97	COSTCostco	1,475	$242K	0.04%
98	MAMastercard	1,700	$240K	0.04%
99	MOAltria Group	3,695	$234K	0.04%
100	BACVerizon Communications	4,350	$215K	0.03%

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