Palisade Asset Management, LLC

CIK

1434323

Location

MINNEAPOLIS, MN

Portfolio Value

Small $917,227,189

Diversification

Diversified

Filing Date

Global Rank

#1,841 / 8,605 ▲ 16 · as of Mar 2026

Top Industry

Drug Manufacturers - General 9.8%

3Y Alpha vs SPY

-7.0%

Period ended 3 months ago

Filed Apr 14, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+47.4%

SPY

+76.5%

Annualised alpha

-7.0%

Max drawdown

−14.0%

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

149 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.5%

−1.1 pts

Top 5

19.3%

−2.6 pts

Top 10

32.3%

−3.0 pts

HHI

201

Diversified−20

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	24.7%	$226,744,135	18
Healthcare	17.9%	$164,267,612	21
Industrials	13.7%	$125,231,370	29
Financial Services	11.8%	$107,789,857	21
Consumer Defensive	10.2%	$93,638,344	18
Consumer Cyclical	9.2%	$84,153,652	13
Unclassified	3.6%	$32,862,893	4
Energy	2.8%	$25,593,623	8
Basic Materials	2.5%	$22,831,982	4
Utilities	1.9%	$17,678,697	7
Communication Services	1.1%	$9,938,941	5
Real Estate	0.7%	$6,496,083	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
GOOGL	Alphabet Inc.	+1,915	15,132	$4,351,357
AMZN	Amazon Com Inc	+1,907	6,939	$1,445,185
ABT	Abbott Laboratories	+1,891	205,870	$21,136,672
ADP	Automatic Data Processing Inc	+1,226	63,213	$12,843,617
MSFT	Microsoft Corp	+993	129,181	$47,818,930
CSX	Csx Corp	+726	6,897	$283,121
AMT	American Tower Corp /Ma/	+575	37,641	$6,496,083
BRK-B	Berkshire Hathaway Inc	+514	3,936	$1,886,131
TSCO	Tractor Supply Co /De/	+412	190,100	$8,611,530
DIS	Walt Disney Co	+392	9,892	$953,390
META	Meta Platforms, Inc.	+374	795	$454,843
PG	PROCTER & GAMBLE Co	+374	110,159	$15,911,365
NKE	NIKE, Inc.	+255	33,211	$1,754,205
MS	Morgan Stanley	+249	26,056	$4,288,035
MDU	Mdu Resources Group Inc	+204	17,704	$366,826
ACN	Accenture plc	+196	46,013	$9,123,917
SHW	Sherwin Williams Co	+189	2,141	$686,297
NEE	Nextera Energy Inc	+187	41,724	$3,875,325
BDX	Becton Dickinson & Co	+135	41,443	$6,516,082
TJX	Tjx Companies Inc /De/	+84	102,601	$16,385,379
NVDA	Nvidia Corp	+74	15,111	$2,635,358
JPM	Jpmorgan Chase & Co	+60	75,497	$22,208,197
ECG	Everus Construction Group, Inc.	+49	4,110	$485,226
AVGO	Broadcom Inc.	+48	3,264	$1,010,240
ADM	Archer-Daniels-Midland Co	+44	22,864	$1,661,984
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
USB	US Bancorp De	−13,044	249,472	$12,975,038
CL	Colgate Palmolive Co	−7,311	110,682	$9,433,426
MDT	Medtronic plc	−6,209	50,629	$4,387,002
MMM	3M Co	−4,864	87,673	$12,732,749
GIS	General Mills Inc	−3,332	62,046	$2,309,352
AAPL	Apple Inc.	−3,114	197,131	$50,029,876
TXN	Texas Instruments Inc	−2,419	66,439	$12,898,467
T	At&T Inc.	−1,644	68,235	$1,978,132
CSCO	Cisco Systems, Inc.	−1,554	355,443	$27,578,822
KMB	Kimberly Clark Corp	−1,516	22,279	$2,149,255
WMB	Williams Companies, Inc.	−1,472	13,784	$1,003,199
BALL	BALL Corp	−1,245	145,473	$8,598,909
PFE	Pfizer Inc	−1,126	40,835	$1,146,646
INTC	Intel Corp	−918	100,161	$4,420,104
TGT	Target Corp	−838	150,966	$18,297,079
FDS	Factset Research Systems Inc	−820	5,050	$1,095,799
PEP	Pepsico Inc	−715	113,778	$17,668,585
AFL	Aflac Inc	−685	68,969	$7,566,588
WMT	Walmart Inc.	−592	57,339	$7,126,090
SYY	Sysco Corp	−575	18,403	$1,312,685
RY	Royal Bank Of Canada	−575	84,181	$13,618,802
UNH	Unitedhealth Group Inc	−408	79,645	$21,551,140
SBUX	Starbucks Corp	−398	5,311	$475,812
LHX	L3harris Technologies, Inc. /De/	−391	49,546	$17,100,801
IBM	International Business Machines Corp	−378	99,699	$24,166,040
No positions match the current search.

New Positions

Positions the filer opened this quarter

7 positions

Ticker	Company	Shares	Value
WAT	Waters Corp /De/	5,336	$1,589,060
AMCR	Amcor plc	11,582	$460,384
IBKR	Interactive Brokers Group, Inc.	4,779	$320,527
MA	Mastercard Inc	553	$276,311
KNF	Knife River Corp	2,608	$212,943
AMAT	Applied Materials Inc /De	602	$205,757
DTM	DT Midstream, Inc.	1,500	$202,005
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
SOLV	Solventum Corp	3,141	$248,892
ADBE	Adobe Inc.	689	$241,143
HRL	Hormel Foods Corp /De/	10,084	$238,990
NOW	ServiceNow, Inc.	1,535	$235,146
CVS	CVS HEALTH Corp	2,602	$206,494
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

149 positions · $917,227,189 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 149 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	197,131	-3,114	$50,029,876	−8.1%	5.45%
MSFT	Microsoft Corp Technology	Added	129,181	+993	$47,818,930	−22.9%	5.21%
CSCO	Cisco Systems, Inc. Technology	Reduced	355,443	-1,554	$27,578,822	+0.3%	3.01%
AMGN	Amgen Inc Healthcare	Reduced	73,622	-324	$25,903,900	+7.0%	2.82%
ORCL	Oracle Corp Technology	Reduced	174,596	-220	$25,684,817	−24.6%	2.80%
SPY	Spdr S&P 500 ETF Trust	Reduced	38,848	-54	$25,264,408	−4.8%	2.75%
JNJ	Johnson & Johnson Healthcare	Reduced	102,949	-262	$25,164,853	+17.8%	2.74%
IBM	International Business Machines Corp Technology	Reduced	99,699	-378	$24,166,040	−18.5%	2.63%
HD	Home Depot, Inc. Consumer Cyclical	Added	68,188	+23	$22,426,351	−4.4%	2.45%
JPM	Jpmorgan Chase & Co Financial Services	Added	75,497	+60	$22,208,197	−8.6%	2.42%
UNH	Unitedhealth Group Inc Healthcare	Reduced	79,645	-408	$21,551,140	−18.4%	2.35%
ABT	Abbott Laboratories Healthcare	Added	205,870	+1,891	$21,136,672	−17.3%	2.30%
DE	Deere & Co Industrials	Reduced	36,843	-241	$20,753,661	+20.2%	2.26%
ECL	Ecolab Inc. Basic Materials	Reduced	76,609	-245	$20,379,526	+1.0%	2.22%
CVX	Chevron Corp Energy	Reduced	94,441	-344	$19,539,842	+35.3%	2.13%
TGT	Target Corp Consumer Defensive	Reduced	150,966	-838	$18,297,079	+23.3%	1.99%
PEP	Pepsico Inc Consumer Defensive	Reduced	113,778	-715	$17,668,585	+7.5%	1.93%
LHX	L3harris Technologies, Inc. /De/ Industrials	Reduced	49,546	-391	$17,100,801	+16.6%	1.86%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	102,601	+84	$16,385,379	+4.0%	1.79%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	51,408	-46	$15,977,092	+1.6%	1.74%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	110,159	+374	$15,911,365	+1.1%	1.73%
GD	General Dynamics Corp Industrials	Reduced	43,240	-206	$14,840,832	+1.5%	1.62%
ABBV	AbbVie Inc. Healthcare	Reduced	63,609	-34	$13,834,321	−4.9%	1.51%
RY	Royal Bank Of Canada Financial Services	Reduced	84,181	-575	$13,618,802	−5.8%	1.48%
LLY	ELI LILLY & Co Healthcare	Reduced	14,418	-309	$13,261,243	−16.2%	1.45%
V	Visa Inc. Financial Services	Reduced	43,496	-92	$13,146,231	−14.0%	1.43%
RTX	RTX Corp Industrials	Reduced	67,359	-103	$12,993,551	+5.0%	1.42%
USB	US Bancorp De Financial Services	Reduced	249,472	-13,044	$12,975,038	−7.4%	1.41%
TXN	Texas Instruments Inc Technology	Reduced	66,439	-2,419	$12,898,467	+8.0%	1.41%
ADP	Automatic Data Processing Inc Technology	Added	63,213	+1,226	$12,843,617	−19.5%	1.40%
MMM	3M Co Industrials	Reduced	87,673	-4,864	$12,732,749	−14.1%	1.39%
SYK	Stryker Corp Healthcare	Reduced	37,498	-31	$12,321,467	−6.6%	1.34%
BLK	BlackRock, Inc. Financial Services	Reduced	12,330	-165	$11,857,884	−11.3%	1.29%
HSY	Hershey Co Consumer Defensive	Reduced	47,662	-35	$9,908,453	+14.2%	1.08%
CL	Colgate Palmolive Co Consumer Defensive	Reduced	110,682	-7,311	$9,433,426	+1.2%	1.03%
ACN	Accenture plc Technology	Added	46,013	+196	$9,123,917	−25.8%	0.99%
TSCO	Tractor Supply Co /De/ Consumer Cyclical	Added	190,100	+412	$8,611,530	−9.2%	0.94%
BALL	BALL Corp Consumer Cyclical	Reduced	145,473	-1,245	$8,598,909	+10.6%	0.94%
TRV	Travelers Companies, Inc. Financial Services	Reduced	29,237	-55	$8,527,848	+0.4%	0.93%
AFL	Aflac Inc Financial Services	Reduced	68,969	-685	$7,566,588	−1.5%	0.82%
DCI	DONALDSON Co INC Industrials	Reduced	85,114	-240	$7,223,625	−4.5%	0.79%
WMT	Walmart Inc. Consumer Defensive	Reduced	57,339	-592	$7,126,090	+10.4%	0.78%
XEL	Xcel Energy Inc Utilities	Reduced	82,377	-213	$6,544,028	+7.3%	0.71%
BDX	Becton Dickinson & Co Healthcare	Added	41,443	+135	$6,516,082	+3.4%	0.71%
AMT	American Tower Corp /Ma/ Real Estate	Added	37,641	+575	$6,496,083	−0.2%	0.71%
MDY	Spdr S&P Midcap 400 ETF Trust	Held	10,451	0	$6,445,758	+2.2%	0.70%
CAT	Caterpillar Inc Industrials	Reduced	8,558	-25	$6,063,000	+23.3%	0.66%
FAST	Fastenal Co Industrials	Reduced	108,773	-63	$5,047,067	+15.6%	0.55%
APH	Amphenol Corp /De/ Technology	Added	38,509	+5	$4,865,612	−6.5%	0.53%
GGG	Graco Inc Industrials	Reduced	54,441	-12	$4,608,430	+3.2%	0.50%