NORRIS PERNE & FRENCH LLP/MI
CIK
1092290
Location
GRAND RAPIDS, MI
Portfolio Value
Small
$795,289,632
Diversification
Diversified
Filing Date
Global Rank
#1,740
/ 8,232
▼ 385
Top Industry
Software - Infrastructure
8.4%
3Y Alpha vs SPY
-6.4%
Period ended 3 months ago
Filed Apr 22, 2026 · 54d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+48.0%
SPY
+74.2%
Annualised alpha
-6.4%
Max drawdown
−19.2%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
104 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
8.4%
+0.3 pts
Top 5
27.4%
+1.9 pts
Top 10
43.8%
+2.5 pts
HHI
311
Diversified+24
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 37.9% | $301,394,605 |
| Consumer Cyclical | 13.7% | $109,034,302 |
| Industrials | 12.8% | $101,459,596 |
| Healthcare | 11.9% | $94,910,450 |
| Financial Services | 9.2% | $72,829,128 |
| Basic Materials | 6.7% | $53,279,521 |
| Communication Services | 6.2% | $49,403,341 |
| Consumer Defensive | 0.7% | $5,567,135 |
| Energy | 0.5% | $4,047,039 |
| Utilities | 0.3% | $2,493,301 |
| Unclassified | 0.1% | $871,214 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
11 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| WM | Waste Management Inc | +64,752 | 75,250 | $17,291,697 | |
| NVDA | Nvidia Corp | +17,815 | 83,043 | $14,482,699 | |
| DHR | Danaher Corp /De/ | +7,936 | 93,420 | $17,712,432 | |
| NFLX | Netflix Inc | +3,343 | 13,223 | $1,271,391 | |
| BAC | Bank Of America Corp /De/ | +2,571 | 8,086 | $394,192 | |
| FITB | Fifth Third Bancorp | +2,448 | 14,544 | $675,714 | |
| T | At&T Inc. | +2,153 | 12,577 | $364,607 | |
| VZ | Verizon Communications Inc | +348 | 6,181 | $310,286 | |
| ASML | Asml Holding NV | +55 | 406 | $536,256 | |
| GLD | Spdr Gold Trust | +22 | 1,068 | $459,549 | |
| SPY | Spdr S&P 500 ETF Trust | +19 | 633 | $411,665 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| FAST | Fastenal Co | −401,365 | 10,939 | $507,569 | |
| PCAR | Paccar Inc | −296,132 | 22,419 | $2,589,394 | |
| BALL | BALL Corp | −213,398 | 511,214 | $30,217,859 | |
| COHR | Coherent Corp. | −151,525 | 158,900 | $37,851,569 | |
| KNX | Knight-Swift Transportation Holdings Inc. | −143,677 | 300,641 | $17,310,908 | |
| LNG | Cheniere Energy, Inc. | −127,301 | 9,402 | $2,667,911 | |
| JNJ | Johnson & Johnson | −125,261 | 61,339 | $14,993,705 | |
| TRMB | Trimble Inc. | −112,467 | 210,486 | $13,730,001 | |
| GOOGL | Alphabet Inc. | −107,701 | 152,517 | $43,857,788 | |
| SSNC | SS&C Technologies Holdings Inc | −81,749 | 170,585 | $11,526,428 | |
| AMZN | Amazon Com Inc | −78,910 | 142,619 | $29,703,259 | |
| MRK | Merck & Co., Inc. | −78,310 | 173,852 | $20,912,657 | |
| AMAT | Applied Materials Inc /De | −69,027 | 113,796 | $38,894,334 | |
| UNP | Union Pacific Corp | −61,026 | 92,305 | $22,395,039 | |
| TSM | Taiwan Semiconductor Manufacturing Co Ltd | −60,485 | 90,468 | $30,573,660 | |
| V | Visa Inc. | −54,528 | 77,386 | $23,389,144 | |
| VRSK | Verisk Analytics, Inc. | −51,995 | 79,309 | $15,048,882 | |
| MSFT | Microsoft Corp | −47,958 | 179,412 | $66,412,940 | |
| BRK-B | Berkshire Hathaway Inc | −45,058 | 47,148 | $22,593,321 | |
| SHW | Sherwin Williams Co | −43,272 | 39,411 | $12,633,196 | |
| ALSN | Allison Transmission Holdings Inc | −41,614 | 209,667 | $24,543,619 | |
| ABT | Abbott Laboratories | −41,413 | 168,080 | $17,256,773 | |
| TJX | Tjx Companies Inc /De/ | −41,212 | 73,170 | $11,685,249 | |
| ECL | Ecolab Inc. | −36,306 | 67,379 | $17,924,161 | |
| LIN | Linde PLC | −36,283 | 44,941 | $22,279,950 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
8 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| GEV | GE Vernova Inc. | 607 | $529,850 | |
| ALL | Allstate Corp | 2,147 | $445,158 | |
| GE | General Electric Co | 1,404 | $398,413 | |
| WPM | Wheaton Precious Metals Corp. | 2,440 | $319,664 | |
| FE | Firstenergy Corp | 4,400 | $222,904 | |
| MO | Altria Group, Inc. | 3,358 | $221,594 | |
| SHEL | Shell plc | 2,342 | $217,806 | |
| TGB | Taseko Mines Ltd | 19,000 | $122,550 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| QLYS | Qualys, Inc. | 112,826 | $14,994,575 | |
| ZTS | Zoetis Inc. | 63,050 | $7,932,951 | |
| VERX | Vertex, Inc. | 259,854 | $5,189,284 | |
| CRL | Charles River Laboratories International, Inc. | 5,475 | $1,092,153 | |
| NKE | NIKE, Inc. | 13,819 | $880,408 | |
| APH | Amphenol Corp /De/ | 5,875 | $793,947 | |
| CHD | Church & Dwight Co Inc /De/ | 7,266 | $609,254 | |
| PAYX | Paychex Inc | 5,370 | $602,406 | |
| COP | Conocophillips | 4,756 | $445,209 | |
| CDW | CDW Corp | 3,156 | $429,847 | |
| GS | Goldman Sachs Group Inc | 437 | $384,123 | |
| CVX | Chevron Corp | 2,269 | $345,818 | |
| HUBB | Hubbell Inc | 664 | $294,889 | |
| QQQ | Invesco Qqq Trust, Series 1 | 458 | $281,353 | |
| BR | Broadridge Financial Solutions, Inc. | 1,200 | $267,804 | |
| AMD | Advanced Micro Devices Inc | 1,216 | $260,418 | |
| CCC | CCC Intelligent Solutions Holdings Inc. | 32,491 | $258,303 | |
| FRME | First Merchants Corp | 6,834 | $256,138 | |
| LKQ | Lkq Corp | 8,400 | $253,680 | |
| AON | Aon plc | 715 | $252,309 | |
| MCD | Mcdonalds Corp | 805 | $246,032 | |
| TXN | Texas Instruments Inc | 1,363 | $236,466 | |
| CAT | Caterpillar Inc | 400 | $229,148 | |
| EMR | Emerson Electric Co | 1,700 | $225,624 | |
| ACN | Accenture plc | 830 | $222,689 | |
| No positions match the current search. | ||||
104 positions ·
$795,289,632 total
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Technology
Utilities
Showing 1–50
of 104 positions by value
· page 1 of 3
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| TGB |
Taseko Mines Ltd
Basic Materials
|
NEW | 19,000 | $122,550 | 0.02% | |
| CRCL |
Circle Internet Group, Inc.
Financial Services
|
Reduced | 2,195 | $209,424 | 0.03% | |
| MRSH |
Marsh & Mclennan Companies, Inc.
Financial Services
|
Reduced | 1,220 | $211,609 | 0.03% | |
| AXON |
Axon Enterprise, Inc.
Industrials
|
Held | 500 | $212,345 | 0.03% | |
| AVGO |
Broadcom Inc.
Technology
|
Reduced | 697 | $215,728 | 0.03% | |
| SHEL |
Shell plc
Energy
|
NEW | 2,342 | $217,806 | 0.03% | |
| MO |
Altria Group, Inc.
Consumer Defensive
|
NEW | 3,358 | $221,594 | 0.03% | |
| FE |
Firstenergy Corp
Utilities
|
NEW | 4,400 | $222,904 | 0.03% | |
| CEG |
Constellation Energy Corp
Utilities
|
Reduced | 821 | $229,264 | 0.03% | |
| JCI |
Johnson Controls International plc
Industrials
|
Reduced | 1,795 | $235,055 | 0.03% | |
| ISBA |
Isabella Bank Corp
Financial Services
|
Held | 5,151 | $235,246 | 0.03% | |
| ED |
Consolidated Edison Inc
Utilities
|
Reduced | 2,237 | $253,183 | 0.03% | |
| OGE |
Oge Energy Corp.
Utilities
|
Held | 5,280 | $253,228 | 0.03% | |
| DOV |
DOVER Corp
Industrials
|
Reduced | 1,224 | $255,142 | 0.03% | |
| CSX |
Csx Corp
Industrials
|
Reduced | 6,550 | $268,877 | 0.03% | |
| CPRT |
Copart Inc
Industrials
|
Reduced | 8,486 | $281,735 | 0.04% | |
| NSC |
Norfolk Southern Corp
Industrials
|
Reduced | 989 | $283,843 | 0.04% | |
| WEC |
Wec Energy Group, Inc.
Utilities
|
Reduced | 2,467 | $285,604 | 0.04% | |
| VZ |
Verizon Communications Inc
Communication Services
|
Added | 6,181 | $310,286 | 0.04% | |
| LMT |
Lockheed Martin Corp
Industrials
|
Reduced | 525 | $317,304 | 0.04% | |
| WPM |
Wheaton Precious Metals Corp.
Basic Materials
|
NEW | 2,440 | $319,664 | 0.04% | |
| DUK |
Duke Energy CORP
Utilities
|
Reduced | 2,444 | $320,017 | 0.04% | |
| RTX |
RTX Corp
Industrials
|
Reduced | 1,682 | $324,457 | 0.04% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Reduced | 360 | $331,117 | 0.04% | |
| SBUX |
Starbucks Corp
Consumer Cyclical
|
Reduced | 3,711 | $332,468 | 0.04% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Reduced | 4,524 | $344,050 | 0.04% | |
| T |
At&T Inc.
Communication Services
|
Added | 12,577 | $364,607 | 0.05% | |
| NVS |
Novartis AG
Healthcare
|
Reduced | 2,500 | $381,875 | 0.05% | |
| BAC |
Bank Of America Corp /De/
Financial Services
|
Added | 8,086 | $394,192 | 0.05% | |
| GE |
General Electric Co
Industrials
|
NEW | 1,404 | $398,413 | 0.05% | |
| QCOM |
Qualcomm Inc/De
Technology
|
Reduced | 3,146 | $405,141 | 0.05% | |
| PH |
Parker-Hannifin Corp
Industrials
|
Reduced | 454 | $406,438 | 0.05% | |
| SPY |
Spdr S&P 500 ETF Trust
|
Added | 633 | $411,665 | 0.05% | |
| ALL |
Allstate Corp
Financial Services
|
NEW | 2,147 | $445,158 | 0.06% | |
| GLD |
Spdr Gold Trust
|
Added | 1,068 | $459,549 | 0.06% | |
| LECO |
Lincoln Electric Holdings Inc
Industrials
|
Reduced | 1,910 | $475,742 | 0.06% | |
| IBM |
International Business Machines Corp
Technology
|
Reduced | 2,085 | $505,383 | 0.06% | |
| FAST |
Fastenal Co
Industrials
|
Reduced | 10,939 | $507,569 | 0.06% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Reduced | 2,364 | $514,146 | 0.06% | |
| ISRG |
Intuitive Surgical Inc
Healthcare
|
Reduced | 1,139 | $525,067 | 0.07% | |
| GEV |
GE Vernova Inc.
Industrials
|
NEW | 607 | $529,850 | 0.07% | |
| ASML |
Asml Holding NV
Technology
|
Added | 406 | $536,256 | 0.07% | |
| LRCX |
Lam Research Corp
Technology
|
Reduced | 2,630 | $561,925 | 0.07% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Reduced | 8,324 | $645,859 | 0.08% | |
| ORCL |
Oracle Corp
Technology
|
Reduced | 4,452 | $654,933 | 0.08% | |
| PEP |
Pepsico Inc
Consumer Defensive
|
Reduced | 4,256 | $660,914 | 0.08% | |
| FITB |
Fifth Third Bancorp
Financial Services
|
Added | 14,544 | $675,714 | 0.08% | |
| GNTX |
Gentex Corp
Consumer Cyclical
|
Reduced | 31,464 | $687,488 | 0.09% | |
| ITW |
Illinois Tool Works Inc
Industrials
|
Reduced | 2,838 | $738,703 | 0.09% | |
| F |
Ford Motor Co
Consumer Cyclical
|
Reduced | 70,878 | $817,932 | 0.10% |