13F HOLDINGS REPORT

ROWLAND & CO INVESTMENT COUNSEL/ADV

Quarter ended Q4 2025 · Filed February 12, 2026 · Accession 0000225816-26-000001

Total Value

$518,220

Positions

196

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (196)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	APPLE INC COM	AAPL	133,713	$36.4M	7.01%
2	ALPHABET INC CAP STK CL C	GOOG	89,223	$28.0M	5.40%
3	PROGRESSIVE CORP COM	743315103	106,454	$24.2M	4.68%
4	MICROSOFT CORP COM	MSFT	48,206	$23.3M	4.50%
5	WALMART INC COM	WMT	176,956	$19.7M	3.80%
6	ELI LILLY & CO COM	LLY	16,424	$17.7M	3.41%
7	AUTOMATIC DATA PROCESSING INC COM	ADP	59,232	$15.2M	2.94%
8	COCA COLA CO COM	KO	209,403	$14.6M	2.82%
9	JOHNSON & JOHNSON COM	JNJ	65,967	$13.7M	2.63%
10	MCDONALDS CORP COM	MCD	38,281	$11.7M	2.26%
11	CUMMINS INC COM	CMI	22,842	$11.7M	2.25%
12	QUALCOMM INC COM	QCOM	68,100	$11.6M	2.25%
13	CHUBB LIMITED COM	CB	34,946	$10.9M	2.10%
14	HOME DEPOT INC COM	HD	30,876	$10.6M	2.05%
15	ABBVIE INC COM	ABBV	44,433	$10.2M	1.96%
16	EXXON MOBIL CORP COM	XOM	82,402	$9.9M	1.91%
17	TRUIST FINL CORP COM	89832Q109	188,643	$9.3M	1.79%
18	VERIZON COMMUNICATIONS INC COM	VZ	209,581	$8.5M	1.65%
19	JPMORGAN CHASE & CO COM	VYLD	25,593	$8.2M	1.59%
20	CHEVRON	CVX	52,836	$8.1M	1.55%
21	NVIDIA CORPORATION COM	NVDA	43,020	$8.0M	1.55%
22	CULLEN FROST BANKERS INC COM	CFR-PB	53,628	$6.8M	1.31%
23	INTEL CORP COM	INTC	177,396	$6.5M	1.26%
24	GENUINE PARTS CO COM	GPC	52,348	$6.4M	1.24%
25	VERTIV HOLDINGS CO COM CL A	VRT	35,332	$5.7M	1.10%
26	AMGEN INC COM	AMGN	15,778	$5.2M	1.00%
27	COSTCO WHOLESALE CORPORATION COM	22160K105	5,916	$5.1M	0.98%
28	UNITED PARCEL SVCS INC CL B	UPS	48,383	$4.8M	0.93%
29	SYSCO CORP COM	SYY	57,602	$4.2M	0.82%
30	MERCK & CO INC COM	MRK	39,349	$4.1M	0.80%
31	GILEAD SCIENCES INC COM	GILD	32,872	$4.0M	0.78%
32	CINTAS CORP COM	CTAS	21,410	$4.0M	0.78%
33	COPART INC COM	CPRT	101,474	$4.0M	0.77%
34	INTERDIGITAL INC COM	IDCC	11,664	$3.7M	0.72%
35	CONOCOPHILLIPS COM	COP	39,402	$3.7M	0.71%
36	ZEBRA TECHNOLOGIES CORPORATION CL A	ZBRA	15,146	$3.7M	0.71%
37	PRICE T ROWE GROUP INC COM	TROW	35,657	$3.7M	0.70%
38	EMERSON ELEC CO COM	EMR	26,338	$3.5M	0.67%
39	WASTE MGMT INC DEL COM	94106L109	14,869	$3.3M	0.63%
40	PAYCHEX INC COM	PAYX	28,907	$3.2M	0.63%
41	AMAZON COM INC COM	AMZN	13,827	$3.2M	0.62%
42	CSX CORP COM	CSX	86,156	$3.1M	0.60%
43	WEYERHAEUSER CO COM NEW	WY	131,119	$3.1M	0.60%
44	ENOVA INTL INC COM	29357K103	19,427	$3.1M	0.59%
45	DUKE ENERGY CORP NEW COM NEW	DUKB	25,786	$3.0M	0.58%
46	PACKAGING CORP AMER COM	695156109	14,039	$2.9M	0.56%
47	SUPER MICRO COMPUTER INC COM NEW	SMCI	97,633	$2.9M	0.55%
48	AFLAC INC COM	AFL	25,494	$2.8M	0.54%
49	SONOCO PRODS CO COM	835495102	61,591	$2.7M	0.52%
50	INTUITIVE SURGICAL INC COM NEW	ISRG	4,594	$2.6M	0.50%
51	WERNER ENTERPRISES INC COM	WERN	84,694	$2.5M	0.49%
52	NEXTERA ENERGY INC COM	NEE-PW	30,166	$2.4M	0.47%
53	TEXAS INSTRS INC COM	882508104	12,878	$2.2M	0.43%
54	SKYWORKS SOLUTIONS INC COM	SWKS	35,101	$2.2M	0.43%
55	BIO-TECHNE CORP COM	TECH	37,380	$2.2M	0.42%
56	MEDTRONIC PLC SHS	MDT	22,143	$2.1M	0.41%
57	BOEING CO COM	BA-PA	9,600	$2.1M	0.40%
58	PFIZER INC COM	PFE	81,738	$2.0M	0.39%
59	CAPITAL ONE FINL CORP COM	14040H105	8,306	$2.0M	0.39%
60	KIMBERLY-CLARK CORP COM	KMB	19,439	$2.0M	0.38%
61	META PLATFORMS INC CL A	META	2,850	$1.9M	0.36%
62	SNAP ON INC COM	SNA	5,383	$1.9M	0.36%
63	EXPEDITORS INTL WASH INC COM	302130109	12,421	$1.9M	0.36%
64	BLACKROCK INC COM	BLK	1,613	$1.7M	0.33%
65	DISNEY WALT CO COM	254687106	14,945	$1.7M	0.33%
66	PHILLIPS 66 COM	PSX	12,882	$1.7M	0.32%
67	PUBLIC STORAGE OPER CO COM	PSA-PS	6,398	$1.7M	0.32%
68	UNITEDHEALTH GROUP INC COM	UNH	4,999	$1.7M	0.32%
69	VANGUARD TOTAL STOCK MARKET ETF	922908769	4,819	$1.6M	0.31%
70	GE AEROSPACE COM NEW	369604301	4,862	$1.5M	0.29%
71	PROCTER & GAMBLE CO COM	742718109	9,402	$1.3M	0.26%
72	ROSS STORES INC COM	ROST	7,406	$1.3M	0.26%
73	PENTAIR PLC SHS	PNR	12,654	$1.3M	0.25%
74	DEVON ENERGY CORP NEW COM	25179M103	34,466	$1.3M	0.24%
75	DIGITAL RLTY TR INC COM	253868103	8,146	$1.3M	0.24%
76	RENAISSANCERE HLDGS LTD COM	RNR-PG	4,416	$1.2M	0.24%
77	BERKSHIRE HATHAWAY INC DEL CL B NEW	BRK-A	2,290	$1.2M	0.22%
78	STARBUCKS CORP COM	SBUX	13,334	$1.1M	0.22%
79	WEC ENERGY GROUP INC COM	WEC	10,544	$1.1M	0.21%
80	SOUTHERN CO COM	SOMN	12,678	$1.1M	0.21%
81	ILLINOIS TOOL WKS INC COM	452308109	4,386	$1.1M	0.21%
82	ORACLE CORP COM	ORCL-PD	5,428	$1.1M	0.20%
83	ULTA BEAUTY INC COM	ULTA	1,597	$966,200	0.19%
84	BROWN FORMAN CORP CL B	BF-B	34,921	$910,050	0.18%
85	TELEFLEX INCORPORATED COM	TFX	7,059	$861,480	0.17%
86	LULULEMON ATHLETICA INC COM	LULU	4,120	$856,177	0.17%
87	INTERNATIONAL BUSINESS MACHS COM	INTR	2,762	$818,132	0.16%
88	ALPHABET INC CAP STK CL A	GOOG	2,585	$809,105	0.16%
89	HONEYWELL INTL INC COM	438516106	4,136	$807,031	0.16%
90	GENTEX CORP COM	GNTX	34,239	$796,751	0.15%
91	GE VERNOVA INC COM	GEV	1,194	$780,470	0.15%
92	VANGUARD TOTAL STOCK MKT IDX ADM	922908728	4,537	$740,536	0.14%
93	NETFLIX INC. COM	NFLX	7,800	$731,328	0.14%
94	VANGUARD GROWTH ETF	922908736	1,459	$711,787	0.14%
95	MUELLER INDS INC COM	624756102	5,991	$687,827	0.13%
96	STATE STREET SPDR S&P 500 ETF	SPY	990	$675,301	0.13%
97	TARGET CORP COM	TGT	6,880	$672,520	0.13%
98	WESTERN UN CO COM	WU	71,071	$661,675	0.13%
99	BANK MONTREAL MEDIUM COM	063671101	4,476	$580,940	0.11%
100	ACUITY INC COM	AYI	1,553	$559,142	0.11%
101	RTX CORPORATION COM	RTX	3,031	$555,899	0.11%
102	FASTENAL CO COM	FAST	12,840	$515,269	0.10%
103	CHURCH & DWIGHT CO INC COM	CHD	6,128	$513,832	0.10%
104	GPGI INC COM CL A	20459V105	25,350	$488,748	0.09%
105	DOMINION ENERGY INC COM	D	8,265	$484,267	0.09%
106	EOG RES INC COM	EOG	4,547	$477,542	0.09%
107	SCHWAB TARGET 2050 INDEX	80850L783	21,453	$467,257	0.09%
108	HODGES SMALL CAP GROWTH RETAIL	664925203	22,622	$455,839	0.09%
109	EVEREST GROUP LTD COM	EG	1,310	$444,548	0.09%
110	MASCO CORP COM	MAS	6,945	$440,791	0.09%
111	ZOETIS INC CL A	ZTS	3,493	$439,489	0.08%
112	FAIR ISAAC CORP COM	FICO	250	$422,655	0.08%
113	ALTRIA GROUP INC COM	MO	7,152	$412,384	0.08%
114	CHIPOTLE MEXICAN GRILL INC COM	CMG	11,019	$407,703	0.08%
115	SHERWIN WILLIAMS CO COM	SHW	1,258	$407,629	0.08%
116	DIMENSIONAL U.S. TARGETED VALUE ETF	25434V609	6,748	$401,775	0.08%
117	ISHARES CORE MSCI EAFE ETF	46432F842	4,358	$389,866	0.08%
118	NUCOR CORP COM	NUE	2,378	$387,875	0.07%
119	FIDELITY INTERNATIONAL INDEX	315911727	6,348	$385,980	0.07%
120	T-MOBILE US INC COM	TMUSZ	1,895	$384,760	0.07%
121	MICRON TECHNOLOGY INC COM	MU	1,345	$383,876	0.07%
122	AIR PRODUCTS AND CHEMICALS INC COM	AIIR	1,533	$378,818	0.07%
123	MCCORMICK & CO INC COM NON VTG	MKC-V	5,508	$375,216	0.07%
124	HORMEL FOODS CORP COM	HRL	15,416	$365,359	0.07%
125	MARATHON PETE CORP COM	MARA	2,222	$361,363	0.07%
126	AT&T INC COM	T-PC	14,268	$354,427	0.07%
127	VANGUARD VALUE ETF	922908744	1,833	$350,084	0.07%
128	ISHARES MSCI USA MIN VOL FACTOR ETF	46429B697	3,632	$341,989	0.07%
129	SMUCKER J M CO COM NEW	832696405	3,461	$338,520	0.07%
130	CATERPILLAR INC COM	CAT	573	$328,426	0.06%
131	ADVANCED MICRO DEVICES INC COM	AMD	1,500	$321,240	0.06%
132	ESSENTIAL UTILS INC COM	29670G102	8,354	$320,477	0.06%
133	PEPSICO INC COM	PEP	2,215	$317,896	0.06%
134	CONSOLIDATED EDISON INC COM	ED	3,142	$312,063	0.06%
135	ISHARES CORE MSCI EMERGING MARKETS ETF	46434G103	4,639	$311,833	0.06%
136	TESLA INC COM	TSLA	666	$299,513	0.06%
137	CF INDUSTRIES HOLD COM	125269100	3,841	$297,090	0.06%
138	SCHWAB US DIVIDEND EQUITY ETF	808524797	10,663	$292,512	0.06%
139	COLGATE PALMOLIVE CO COM	CL	3,562	$281,469	0.05%
140	BROADCOM INC COM	AVGO	785	$271,688	0.05%
141	DIMENSIONAL US MARKETWIDE VALUE ETF	25434V724	5,537	$257,968	0.05%
142	SCHWAB S&P 500 INDEX	808509855	14,536	$254,978	0.05%
143	MPLX LP COM UNIT REP LTD	MPLXP	4,741	$253,036	0.05%
144	CORNING INC COM	GLW	2,860	$250,421	0.05%
145	DIMENSIONAL U.S. EQUITY MARKET ETF	25434V401	3,370	$249,952	0.05%
146	VANGUARD EXTENDED MARKET INDEX ADMIRAL	922908694	1,508	$239,258	0.05%
147	METLIFE INC PFD A FLT RATE	MET-PF	10,800	$233,496	0.05%
148	VISA INC COM CL A	V	664	$233,100	0.04%
149	CISCO SYS INC COM	CSCO	2,999	$231,012	0.04%
150	RESOLUTE HLDGS MGMT INC COM	76134H101	1,078	$222,531	0.04%
151	BROADSTONE NET LEASE INC COM	BNL	11,904	$206,772	0.04%
152	NORFOLK SOUTHN CORP COM	655844108	676	$195,174	0.04%
153	BANK NEW YORK MELLON CORP COM	064058100	1,678	$194,799	0.04%
154	ENERGY TRANSFER L P COM UT LTD PTN	ET-PI	11,600	$191,284	0.04%
155	VANGUARD FTSE DEVELOPED MARKETS ETF	921943858	3,000	$187,410	0.04%
156	LOCKHEED MARTIN CORP COM	LMT	382	$185,170	0.04%
157	MANULIFE FINL CORP COM	56501R106	5,063	$183,685	0.04%
158	INVESCO QQQ TRUST SERIES I	IVZ	291	$178,780	0.03%
159	RPM INTL INC COM	749685103	1,650	$171,700	0.03%
160	BIO RAD LABS INC CL A	090572207	565	$171,189	0.03%
161	COMMERCE BANCSHARES INC COM	CBSH	3,172	$166,022	0.03%
162	CINCINNATI FINL CORP COM	172062101	983	$160,543	0.03%
163	JABIL INC COM	JBL	700	$159,614	0.03%
164	ABBOTT LABS COM	ABLZF	1,266	$158,617	0.03%
165	FACTSET RESH SYS INC COM	303075105	545	$158,153	0.03%
166	VANGUARD 500 INDEX ADMIRAL	922908710	245	$154,937	0.03%
167	MASTERCARD INCORPORATED CL A	MA	270	$154,137	0.03%
168	DIMENSIONAL U.S. CORE EQUITY 2 ETF	25434V708	3,879	$153,569	0.03%
169	THERMO FISHER SCIENTIFIC INC COM	TMO	264	$152,974	0.03%
170	CIENA CORP COM NEW	CIEN	645	$150,846	0.03%
171	AMERICAN ELEC PWR CO INC COM	025537101	1,308	$150,825	0.03%
172	VANGUARD S&P 500 ETF	922908363	239	$149,935	0.03%
173	ISHARES CORE DIVIDEND GROWTH ETF	46434V621	2,105	$146,129	0.03%
174	PARKER-HANNIFIN CORP COM	PH	165	$145,028	0.03%
175	WHIRLPOOL CORP COM	WHR-PA	2,005	$144,640	0.03%
176	SCHWAB CHARLES CORP COM	SCHW-PJ	1,445	$144,369	0.03%
177	AMCOR PLC COM NEW	AMCCF	17,286	$144,165	0.03%
178	ROYAL BK CDA COM	780087102	807	$137,585	0.03%
179	ENBRIDGE INC COM	ENNPF	2,851	$136,363	0.03%
180	CELESTICA INC COM	CLS	450	$133,024	0.03%
181	PROSHARES S&P 500 DIVIDEND ARISTOCRATS ETF	74348A467	1,266	$131,763	0.03%
182	NEWMONT CORP COM	NEMCL	1,275	$127,308	0.02%
183	TECHTRONIC INDS LTD SPONSORED ADR	87873R101	2,200	$126,676	0.02%
184	MARTIN MARIETTA MATLS INC COM	573284106	200	$124,532	0.02%
185	NORTHROP GRUMMAN CORP COM	NOC	210	$119,744	0.02%
186	BWX TECHNOLOGIES INC COM	BWXT	670	$115,802	0.02%
187	ROPER TECHNOLOGIES INC COM	ROP	260	$115,733	0.02%
188	DTE ENERGY CO COM	DTK	897	$115,695	0.02%
189	BANK AMERICA CORP COM	060505104	2,092	$115,060	0.02%
190	LOWES COS INC COM	548661107	476	$114,792	0.02%
191	STATE STREET SPDR PORTFOLIO S&P 500 GROWTH ETF	78464A409	1,043	$111,355	0.02%
192	ISHARES RUSSELL 3000 ETF	464287689	285	$110,252	0.02%
193	MORGAN STANLEY COM NEW	MS-PQ	611	$108,470	0.02%
194	GE HEALTHCARE TECHNOLOGIES INC COMMON STOCK	GEHC	1,295	$106,276	0.02%
195	DEERE & CO COM	DE	225	$105,187	0.02%
196	US BANCORP COM NEW	USB-PS	1,924	$102,698	0.02%