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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

BEESE FULMER INVESTMENT MANAGEMENT, INC.

Quarter ended Q3 2025 · Filed November 13, 2025 · Accession 0000911274-25-000010

Total Value
$1.45B
Positions
285
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (285)

#IssuerTicker / CUSIPSharesValue% of Filing
1APPLE INC COMAAPL316,581$80.6M5.57%
2MICROSOFT CORP COMMSFT140,701$72.9M5.04%
3BROADCOM INC COMAVGO168,342$55.5M3.84%
4AMAZON COM INC COMAMZN181,841$39.9M2.76%
5MASTERCARD INCORPORATED CL AMA66,408$37.8M2.61%
6ALPHABET INC CAP STK CL AGOOG151,984$36.9M2.55%
7OREILLY AUTOMOTIVE INC COM67103H107292,927$31.6M2.18%
8ALPHABET INC CAP STK CL CGOOG129,508$31.5M2.18%
9BERKSHIRE HATHAWAY INC DEL CL B NEWBRK-A62,603$31.5M2.17%
10JPMORGAN CHASE & CO. COMVYLD93,173$29.4M2.03%
11RTX CORPORATION COMRTX175,359$29.3M2.03%
12COSTCO WHOLESALE CORPORATION22160K10530,657$28.4M1.96%
13META PLATFORMS INC CL AMETA34,929$25.7M1.77%
14JOHNSON & JOHNSONJNJ136,199$25.3M1.75%
15TJX COS INC NEW COM872540109173,088$25.0M1.73%
16DELL TECHNOLOGIES INC CL CDELL174,580$24.8M1.71%
17NETFLIX INC COMNFLX19,885$23.8M1.65%
18EXXON MOBIL CORP COMXOM201,068$22.7M1.57%
19ARISTA NETWORKS INC COM SHSANET146,510$21.3M1.48%
20GOLDMAN SACHS GROUP INC COMGSCE25,129$20.0M1.38%
21KLA CORP COM NEWKLAC17,564$18.9M1.31%
22PROCTER & GAMBLE COMPANY742718109122,911$18.9M1.31%
23EATON CORP PLC SHSETN50,005$18.7M1.29%
24PHILIP MORRIS INTL INC COM718172109115,149$18.7M1.29%
25CUMMINS INC COMCMI43,975$18.6M1.28%
26INTERCONTINENTAL EXCHANGE INC COM45866F10498,587$16.6M1.15%
27CHUBB LIMITED COMCB58,821$16.6M1.15%
28MCDONALDS CORP COMMCD54,326$16.5M1.14%
29STRYKER CORPORATION COMSYK44,221$16.3M1.13%
30SALESFORCE INC COMCRM66,519$15.8M1.09%
31CHEVRON CORP NEW COMCVX101,182$15.7M1.09%
32DISNEY WALT CO COM254687106132,929$15.2M1.05%
33VANGUARD SHORT-TERM CORPORATE BOND ETF92206C409189,138$15.1M1.04%
34LINDE PLC SHSLIN30,944$14.7M1.02%
35ABBOTT LABS COMABLZF106,588$14.3M0.99%
36ISHARES S&P 500 GROWTH ETF464287309116,106$14.0M0.97%
37ISHARES S&P 500 VALUE ETF46428740864,783$13.4M0.92%
38MERCK & CO INC COMMRK154,887$13.0M0.90%
39HOME DEPOT INC COMHD32,009$13.0M0.90%
40EDWARDS LIFESCIENCES CORP COMEW152,746$11.9M0.82%
41COCA COLA CO COMKO175,456$11.6M0.80%
42UNION PAC CORP COMUNP47,841$11.3M0.78%
43D R HORTON INC COM23331A10965,034$11.0M0.76%
44LOWES COS INC COM54866110740,364$10.1M0.70%
45AON PLC SHS CL AAON27,977$10.0M0.69%
46CONOCOPHILLIPS COMCOP104,803$9.9M0.69%
47PEPSICO, INC.PEP64,446$9.1M0.63%
48ABBVIE INC COMABBV38,190$8.8M0.61%
49BOOZ ALLEN HAMILTON HLDG CORP CL ABAH85,853$8.6M0.59%
50ADOBE INC COMADBE23,419$8.3M0.57%
51CATERPILLAR INC COMCAT16,680$8.0M0.55%
52CURTISS WRIGHT CORP COMCW13,649$7.4M0.51%
53T-MOBILE US INC COMTMUSZ30,631$7.3M0.51%
54HERSHEY CO COMHSY39,052$7.3M0.50%
55INGERSOLL RAND INC COMIR84,361$7.0M0.48%
56ISHARES CORE S&P SMALL CAP ETF46428780456,590$6.7M0.46%
57NORTHROP GRUMMAN CORP COMNOC10,984$6.7M0.46%
58EOG RES INC COMEOG57,085$6.4M0.44%
59BERKSHIRE HATHAWAY INC DEL CL ABRK-A8$6.0M0.42%
60ISHARES CORE S&P MID-CAP ETF46428750786,413$5.6M0.39%
61SPDR S&P 500 ETF TRUSTSPY8,223$5.5M0.38%
62NVIDIA CORPORATION COMNVDA28,909$5.4M0.37%
63AMERICAN EXPRESS CO COMAXP14,800$4.9M0.34%
64FARMERS NATIONAL BANC CORP COMFMNB334,551$4.8M0.33%
65HUNTINGTON BANCSHARES INC COMHBANP276,427$4.8M0.33%
66GE AEROSPACE COM NEW36960430115,823$4.8M0.33%
67DEERE & CO COMDE10,039$4.6M0.32%
68ROCKWELL AUTOMATION INC COMROK13,127$4.6M0.32%
69AUTOMATIC DATA PROCESSING INC COMADP15,305$4.5M0.31%
70INVESCO S&P 500 EQUAL WEIGHT ETFIVZ23,059$4.4M0.30%
71TRANE TECHNOLOGIES PLC SHSTT10,026$4.2M0.29%
72SHERWIN WILLIAMS CO COMSHW12,040$4.2M0.29%
73MCKESSON CORP COMMCK5,284$4.1M0.28%
74ELI LILLY & CO COMLLY4,864$3.7M0.26%
75COMCAST CORP NEW CL ACCZ117,238$3.7M0.25%
76TELEDYNE TECHNOLOGIES INC COMTDY6,143$3.6M0.25%
77ISHARES IBONDS DEC 2026 TERM CORPORATE ETF46435GAA0146,867$3.6M0.25%
78VANGUARD DIVIDEND APPRECIATION ETF92190884416,392$3.5M0.24%
79ISHARES CORE MSCI EAFE ETF46432F84239,751$3.5M0.24%
80ISHARES IBONDS DEC 2027 TERM CORPORATE ETF46435UAA9142,470$3.5M0.24%
81ISHARES IBONDS DEC 2028 TERM CORPORATE ETF46435U515135,162$3.4M0.24%
82ISHARES IBONDS DEC 2025 TERM CORPORATE ETF46434VBD1135,276$3.4M0.24%
83ISHARES FLOATING RATE BOND ETF46429B65565,866$3.4M0.23%
84CIVISTA BANCSHARES INC COM NO PARCIVB163,987$3.3M0.23%
85INTERNATIONAL BUSINESS MACHS COMINTR11,361$3.2M0.22%
86EMERSON ELEC CO COMEMR23,699$3.1M0.21%
87NORFOLK SOUTHN CORP COM65584410810,283$3.1M0.21%
88QUALCOMM INC COMQCOM18,201$3.0M0.21%
89TRANSDIGM GROUP INC COMTDG2,254$3.0M0.21%
90FREEPORT-MCMORAN INC CL BFCX75,410$3.0M0.20%
91AXON ENTERPRISE INC COMAXON4,065$2.9M0.20%
92MARKEL GROUP INC COMMKL1,507$2.9M0.20%
93WALMART INC COMWMT27,669$2.9M0.20%
94AIR PRODS & CHEMS INC COMAIIR10,446$2.8M0.20%
95GE VERNOVA INC COMGEV4,135$2.5M0.18%
96ISHARES IBONDS DEC 2029 TERM CORPORATE ETF46436E205108,260$2.5M0.18%
97LAMAR ADVERTISING CO NEW CL ALAMR19,822$2.4M0.17%
98AT&T INC COMT-PC80,188$2.3M0.16%
99TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS8740391007,890$2.2M0.15%
100CROWDSTRIKE HLDGS INC CL ACRWD4,447$2.2M0.15%
101PFIZER INC COMPFE84,993$2.2M0.15%
102SPDR GOLD SHARESGLD6,075$2.2M0.15%
103VANGUARD TOTAL STOCK MARKET ETF9229087696,442$2.1M0.15%
104CSX CORP COMCSX58,265$2.1M0.14%
105WELLS FARGO CO NEW COM94974610124,365$2.0M0.14%
106DOMINION ENERGY INC COMD33,205$2.0M0.14%
107ORACLE CORP COMORCL-PD7,156$2.0M0.14%
108BOEING CO COMBA-PA9,249$2.0M0.14%
109LOEWS CORP COML19,395$1.9M0.13%
110FEDEX CORP COMFDX8,025$1.9M0.13%
111AMERICAN ELEC PWR CO INC COM02553710116,121$1.8M0.13%
112ISHARES CORE S&P 500 ETF4642872002,654$1.8M0.12%
113KEMPER CORP COMKMPB34,405$1.8M0.12%
114GENERAL DYNAMICS CORP COMGD5,177$1.8M0.12%
115VISA INC COM CL AV5,137$1.8M0.12%
116VERIZON COMMUNICATIONS INC.VZ38,355$1.7M0.12%
117SLB LIMITED COM STKSLB47,302$1.6M0.11%
118FIFTH THIRD BANCORP COMFITBM36,000$1.6M0.11%
119SMUCKER J M CO COM NEW83269640513,894$1.5M0.10%
120SHELL PLC SPON ADSRYDAF19,903$1.4M0.10%
121APPLOVIN CORP COM CL AAPP1,957$1.4M0.10%
122CISCO SYS INC COMCSCO20,509$1.4M0.10%
123MORGAN STANLEY COM NEWMS-PQ8,753$1.4M0.10%
124MONDELEZ INTL INC CL A60920710522,258$1.4M0.10%
125BECTON DICKINSON & CO COMBDX7,222$1.4M0.09%
126ALTRIA GROUP, INC.MO19,697$1.3M0.09%
127AMGEN INC COMAMGN4,562$1.3M0.09%
128VANGUARD ULTRA-SHORT BOND ETF92203C30325,570$1.3M0.09%
129TIMKEN CO COMTKR16,954$1.3M0.09%
130MARATHON PETE CORP COMMARA6,444$1.2M0.09%
131JOHNSON CTLS INTL PLC SHSG5150210511,263$1.2M0.09%
132CARRIER GLOBAL CORPORATION COMCARR19,894$1.2M0.08%
133TEXAS INSTRS INC COM8825081046,417$1.2M0.08%
134CORPAY INC COM SHSCPAY3,930$1.1M0.08%
135KEYCORP COM49326710860,508$1.1M0.08%
136VANGUARD HIGH DIVIDEND YIELD INDEX ETF9219464067,893$1.1M0.08%
137PNC FINL SVCS GROUP INC COM6934751055,409$1.1M0.08%
138SYNCHRONY FINANCIAL COMSYF-PB15,011$1.1M0.07%
139BRISTOL-MYERS SQUIBB CO COMCELG-RI23,624$1.1M0.07%
140VANGUARD SMALL-CAP ETF9229087514,183$1.1M0.07%
141VANGUARD VALUE ETF9229087445,604$1.0M0.07%
142REPUBLIC SVCS INC COM7607591004,553$1.0M0.07%
143EASTERN BANKSHARES INC COMEBC56,800$1.0M0.07%
144HONEYWELL INTERNATIONAL INC.4385161064,684$986,0500.07%
145ISHARES IBONDS DEC 2030 TERM CORPORATE ETF46436E72644,489$985,4220.07%
146TESLA INC COMTSLA2,181$969,9340.07%
147ISHARES RUSSELL 1000 GROWTH ETF4642876142,044$957,6440.07%
148PARKER-HANNIFIN CORP COMPH1,224$928,2430.06%
149PHILLIPS 66 COMPSX6,462$878,9530.06%
150WILLIAMS COS INC COM96945710013,376$847,3470.06%
151INTUITIVE SURGICAL INC COM NEWISRG1,892$846,1590.06%
152ISHARES MSCI EAFE ETF4642874659,020$842,2210.06%
153KINDER MORGAN INC DEL COMEP-PC28,919$818,7060.06%
154TRUIST FINL CORP COM89832Q10917,815$814,5060.06%
155STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF78468R6638,658$794,3970.05%
156ISHARES RUSSELL MIDCAP ETF4642874998,210$792,6760.05%
157AFLAC INC COMAFL6,913$772,1960.05%
158PALO ALTO NETWORKS INC COMPANW3,721$757,6700.05%
159AUTODESK INC COMADSK2,373$753,8310.05%
160VANGUARD GROWTH ETF9229087361,557$746,6530.05%
161UNITED PARCEL SERVICE INC CL BUPS8,832$737,7450.05%
162GENERAL MLS INC COM37033410414,609$736,5810.05%
163VANGUARD MID-CAP ETF9229086292,500$734,4460.05%
164LOCKHEED MARTIN CORP COMLMT1,398$698,0480.05%
165INTEL CORP COMINTC20,779$697,1490.05%
166RPM INTL INC COM7496851035,780$681,2880.05%
167ISHARES GOLD TRUSTIAU9,213$670,4300.05%
1683M COMPANYMMM4,286$665,1330.05%
169WARNER BROS DISCOVERY INC COM SER AWBD32,132$627,5380.04%
170JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETF46641Q65411,945$609,6730.04%
171Ponce Financial Group Inc.PDLB41,372$608,1680.04%
172PERMIAN BASIN RTY TR UNIT BEN INT71423610631,917$582,7240.04%
173MILLICOM INTL CELLULAR S A COM STKL6388F11011,803$572,9180.04%
174FOX CORP CL A COMFOX8,996$567,2880.04%
175INVESCO QQQ TRUST SERIES IIVZ943$566,1490.04%
176ROPER TECHNOLOGIES INC COMROP1,118$557,6010.04%
177DUKE ENERGY CORP NEW COM NEWDUKB4,445$550,0780.04%
178FS BANCORP INC COMFSBW13,570$541,7140.04%
179ZOETIS INC CL AZTS3,672$537,2610.04%
180CNB FINL CORP PA COM12612810721,876$529,3990.04%
181MERCADOLIBRE INC COMMELI223$521,1380.04%
182UNITEDHEALTH GROUP INC COMUNH1,491$514,9900.04%
183INVESCO WATER RESOURCES ETFIVZ7,100$511,9810.04%
184BANK AMERICA CORP COM0605051049,904$510,9330.04%
185CARDINAL HEALTH INC COMCAH3,215$504,6260.03%
186INDEPENDENT BK CORP MASS COM4538361087,164$495,5340.03%
187FIRSTENERGY CORP COMFE10,803$494,9900.03%
188RICHMOND MUT BANCORPORATION COM76525P10034,615$491,8790.03%
189MOODYS CORP COMMCO1,030$490,7740.03%
190BP PLC SPONSORED ADRBPPFF13,902$479,0530.03%
191EQUITY LIFESTYLE PPTYS INC COM29472R1087,820$474,6740.03%
192CINCINNATI FINL CORP COM1720621012,989$472,5610.03%
193NEXTERA ENERGY INC COMNEE-PW6,256$472,2400.03%
194SOUTHERN CO COMSOMN4,937$467,9150.03%
195SPROTT ASSET MANAGEMENT LP PHYSICAL GOLD ANSII12,680$465,2290.03%
196ENERGY SELECT SECTOR SPDR FUND81369Y5065,201$464,6570.03%
197THERMO FISHER SCIENTIFIC INC COMTMO949$460,4460.03%
198UNILEVER PLC SPON ADR NEWUNLYF7,738$458,7090.03%
199CAPITAL ONE FINL CORP COM14040H1052,136$454,0710.03%
200WASTE MGMT INC DEL COM94106L1092,038$449,9920.03%
201BEACON FINANCIAL CORP. COMBBT18,905$448,2380.03%
202ISHARES RUSSELL 2000 ETF4642876551,835$443,9970.03%
203BOSTON SCIENTIFIC CORP COMBSX4,495$438,8470.03%
204STARBUCKS CORP COMSBUX5,090$430,5950.03%
205PIMCO ENHANCED SHORT MATURITY ACTIVE EXCHANGE-TRADED FUND72201R8334,260$428,9390.03%
206GERMAN AMERN BANCORP INC COM37386510410,850$426,0800.03%
207INDUSTRIAL SELECT SECTOR SPDR FUND81369Y7042,754$424,7490.03%
208ISHARES MSCI USA QUALITY FACTOR ETF46432F3392,183$424,5920.03%
209VANECK GOLD MINERS ETF92189F1065,520$421,7280.03%
210TRACTOR SUPPLY CO COMTSCO7,306$415,4950.03%
211VANGUARD FTSE EMERGING MARKETS ETF9220428587,557$409,4380.03%
212ISHARES S&P 100 ETF4642871011,210$402,7360.03%
213EQT CORP COMEQT7,298$397,2300.03%
214VANGUARD LARGE-CAP ETF9229086371,289$396,7710.03%
215SERVICENOW INC COMNOW424$390,1990.03%
216STRATEGY INC CL A NEWSTRK1,195$385,0410.03%
217MEDTRONIC PLC SHSMDT3,995$380,4790.03%
218PERMIAN RESOURCES CORP CLASS A COMPR29,102$372,5060.03%
219CME GROUP INC COMCME1,373$370,9710.03%
220ILLINOIS TOOL WKS INC COM4523081091,404$366,1260.03%
221GILEAD SCIENCES INC COMGILD3,275$363,5680.03%
222KKR & CO INC COMKKRT2,770$359,9620.02%
223WEC ENERGY GROUP INC COMWEC3,057$350,3020.02%
224M & T BK CORP COM55261F1041,752$346,2300.02%
225PAYPAL HLDGS INC COMPYPL5,088$341,2010.02%
226ISHARES CORE MSCI EMERGING MARKETS ETF46434G1035,164$340,3880.02%
227NOVARTIS AG SPONSORED ADRNVSEF2,590$332,1420.02%
228FLEXSHARES QUALITY DIVIDEND INDEX FUNDFLEX4,090$324,7460.02%
229FIDELITY WISE ORIGIN BITCOIN FUNDFBTC3,180$317,3960.02%
230CVS HEALTH CORP COMCVS4,169$314,3030.02%
231ISHARES CORE DIVIDEND GROWTH ETF46434V6214,610$313,8700.02%
232KIMBERLY-CLARK CORP COMKMB2,485$308,9410.02%
233ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF4642871502,114$307,9080.02%
234ULTA BEAUTY INC COMULTA562$307,2740.02%
235CORNING INC COMGLW3,744$307,0960.02%
236GE HEALTHCARE TECHNOLOGIES INC COMMON STOCKGEHC4,075$306,0550.02%
237ACCENTURE PLC IRELAND SHS CLASS AACN1,237$305,0210.02%
238CITIZENS CMNTY BANCORP INC MD COMCIA18,778$301,7620.02%
239VANGUARD S&P 500 ETF922908363485$296,7690.02%
240STATE STREET SPDR S&P DIVIDEND ETF78464A7632,095$293,4050.02%
241TARGET CORP COMTGT3,258$292,2730.02%
242METALLUS INC COMMTUS17,455$288,5310.02%
243ISHARES ETHEREUM TRUST ETF46438R1059,026$284,4090.02%
244DAVE & BUSTERS ENTMT INC COM23833710915,653$284,2580.02%
245UTILITIES SELECT SECTOR SPDR FUND81369Y8863,166$276,0860.02%
246ENBRIDGE INC COMENNPF5,421$273,5310.02%
247UBER TECHNOLOGIES INC COMUBER2,779$272,2590.02%
248ECHOSTAR CORP CL ASATS3,553$271,3070.02%
249AEROVIRONMENT INC COMAVAV858$270,1760.02%
250ELEVANCE HEALTH INC FORMERLY A COMELV825$266,5740.02%
251AUTOZONE INC COMAZO62$265,9950.02%
252VANGUARD FTSE DEVELOPED MARKETS ETF9219438584,382$262,5890.02%
253SUNCOR ENERGY INC NEW COMSU6,195$259,0130.02%
254SOLVENTUM CORP COM SHSSOLV3,541$258,4930.02%
255SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST78467X109552$255,7730.02%
256KELLANOVA COMBEKE3,095$253,8200.02%
257HENRY SCHEIN INC COMHSIC3,803$252,4050.02%
258ISHARES GLOBAL 100 ETF4642875722,082$249,8610.02%
259METLIFE INC COMMET-PF2,998$246,9860.02%
260BITWISE ETHEREUM ETFETHW8,256$246,1940.02%
261FIRST BUSINESS FINL SVCS INC W COM3193901004,750$243,4850.02%
262NUCOR CORP COMNUE1,784$241,6360.02%
263COLGATE PALMOLIVE CO COMCL3,022$241,5790.02%
264INVESCO BIOTECHNOLOGY & GENOME ETFIVZ3,400$237,5580.02%
265ISHARES BITCOIN TRUST ETFIBIT3,634$236,2100.02%
266AMERICAN WTR WKS CO INC NEW COM0304201031,694$235,7880.02%
267KENVUE INC COMKVUE14,449$234,5070.02%
268CENTERPOINT ENERGY INC COMCNP6,043$234,4760.02%
269HOMETRUST BANCSHARES INC COMHTB5,700$233,3580.02%
270ISHARES MSCI USA MIN VOL FACTOR ETF46429B6972,442$232,3320.02%
271ORRSTOWN FINL SVCS INC COM6873801056,737$228,9230.02%
272DARDEN RESTAURANTS INC COMDRI1,199$228,2420.02%
273INTUIT COMINTU334$228,1080.02%
274ISHARES IBONDS DEC 2027 TERM TREASURY ETF46436E84110,104$227,5360.02%
275ONEOK INC NEW COMOKE3,105$226,5670.02%
276US BANCORP DEL COM NEWUSB-PS4,576$221,1580.02%
277PROSHARES S&P 500 DIVIDEND ARISTOCRATS ETF74348A4672,089$215,3300.01%
278CHIPOTLE MEXICAN GRILL INC COMCMG5,468$214,2910.01%
279APPLIED MATLS INC COM0382221051,040$212,8990.01%
280VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES ETF9220208054,178$211,5320.01%
281SENSATA TECHNOLOGIES HLDG PLC SHSST6,807$207,9540.01%
282DUPONT DE NEMOURS INC COMDD2,573$200,4240.01%
283WESTERN NEW ENG BANCORP INC COM95889210111,933$143,3150.01%
284BOGOTA FINL CORP COM09723510515,350$139,6480.01%
285MANHATTAN BRDG CAP INC COM562803106114,132$114,1320.01%