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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

DEARBORN PARTNERS LLC

Quarter ended Q1 2025 · Filed May 8, 2025 · Accession 0001104659-25-045964

Total Value
$2.08B
Positions
276
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (276)

#IssuerTicker / CUSIPSharesValue% of Filing
1Apple Inc.AAPL499,877$111.0M5.33%
2Microsoft CorpMSFT194,144$72.9M3.50%
3Automatic Data ProcessingADP226,321$69.1M3.32%
4McDonalds CorpMCD168,062$52.5M2.52%
5Illinois Tool Works Inc452308109176,510$43.8M2.10%
6Republic Services Inc760759100180,324$43.7M2.10%
7Arthur J. Gallagher & Co363576109123,562$42.7M2.05%
8WEC Energy Group IncWEC377,467$41.1M1.97%
9Home Depot IncHD109,272$40.0M1.92%
10Exxon Mobil CorpXOM333,915$39.7M1.91%
11Mastercard IncMA72,024$39.5M1.90%
12Watsco, Inc.WSO-B77,608$39.4M1.89%
13Snap-OnSNA108,441$36.5M1.75%
14Qualcomm Inc.QCOM236,728$36.4M1.75%
15AbbVie IncABBV172,260$36.1M1.73%
16Tractor Supply CompanyTSCO649,542$35.8M1.72%
17McCormick & Company IncMKC-V431,695$35.5M1.71%
18Procter & Gamble Co742718109208,225$35.5M1.70%
19T-Mobile US Inc.TMUSZ131,996$35.2M1.69%
20Casey's General Stores Inc14752810381,067$35.2M1.69%
21Wal-Mart StoresWMT398,784$35.0M1.68%
22Verizon CommunicationsVZ742,031$33.7M1.62%
23Atmos Energy CorporationATO213,731$33.0M1.59%
24Costco Wholesale Corp22160K10534,286$32.4M1.56%
25Abbott LabsABLZF242,733$32.2M1.55%
26Stryker CorpSYK84,836$31.6M1.52%
27Sherwin-Williams CoSHW87,942$30.7M1.47%
28Fastenal CompanyFAST382,753$29.7M1.42%
29Corteva IncCTVA460,269$29.0M1.39%
30S&P Global, Inc.SPGI55,954$28.4M1.36%
31IntuitINTU45,770$28.1M1.35%
32Motorola Solutions, Inc.MSI63,663$27.9M1.34%
33Becton Dickinson and CoBDX121,508$27.8M1.34%
34Accenture PLC Cl AACN88,479$27.6M1.33%
35J P Morgan Chase & CoVYLD109,185$26.8M1.29%
36Cintas CorpCTAS126,732$26.0M1.25%
37Texas Instruments Incorporated882508104144,677$26.0M1.25%
38American Water Works Co030420103175,674$25.9M1.24%
39Nasdaq, Inc.NDAQ328,867$24.9M1.20%
40Broadridge Financial Solutions11133T103102,720$24.9M1.20%
41Amphenol Corp Cl A032095101376,279$24.7M1.18%
42Steris plcSTE105,696$24.0M1.15%
43Zoetis, Inc Class AZTS123,285$20.3M0.97%
44Merck & Co IncMRK223,270$20.0M0.96%
45EOG Resources IncEOG155,838$20.0M0.96%
46Mondelez International Inc A609207105294,089$20.0M0.96%
47Equinix IncEQIX24,009$19.6M0.94%
48Jack Henry & Assoc Inc Com426281101106,212$19.4M0.93%
49Johnson & JohnsonJNJ107,654$17.9M0.86%
50NextEra Energy IncNEE-PW233,025$16.5M0.79%
51Pool CorporationPOOL50,849$16.2M0.78%
52Ares Management CorporationARES-PB110,035$16.1M0.77%
53Reliance Steel & Aluminum CoRS54,056$15.6M0.75%
54General Dynamics CorpGD55,360$15.1M0.72%
55Linde PLCLIN30,340$14.1M0.68%
56Caterpillar IncCAT39,398$13.0M0.62%
57International Business MachineINTR50,606$12.6M0.60%
58PepsiCo IncPEP76,042$11.4M0.55%
59RPM Intl Inc74968510395,533$11.1M0.53%
60Chevron CorpCVX64,931$10.9M0.52%
61United Parcel Service Inc Cl BUPS96,402$10.6M0.51%
62Raytheon Technologies ComRTX72,127$9.6M0.46%
63ONEOK, Inc.OKE93,160$9.2M0.44%
64Union Pacific CorpUNP38,477$9.1M0.44%
65Gilead Sciences IncorporatedGILD76,495$8.6M0.41%
66Air Products & Chemicals, IncAIIR24,507$7.2M0.35%
67Coca Cola CoKO98,690$7.1M0.34%
68Novartis AG ADRNVSEF59,329$6.6M0.32%
69Hershey CompanyHSY32,234$5.5M0.26%
70Medtronic PLCMDT58,850$5.3M0.25%
71Starbucks CorporationSBUX53,164$5.2M0.25%
72Alphabet Inc CL AGOOG31,123$4.8M0.23%
73Visa Inc Cl AV13,345$4.7M0.22%
74Realty Income CorporationO79,896$4.6M0.22%
75BlackRock, Inc.BLK4,813$4.6M0.22%
76Kimberly-Clark CorpKMB31,168$4.4M0.21%
77Eli Lilly & CoLLY5,122$4.2M0.20%
78Amazon.comAMZN21,687$4.1M0.20%
79Carrier Global Corp ComCARR63,274$4.0M0.19%
80Nvidia CorpNVDA35,574$3.9M0.19%
81Southern CoSOMN38,035$3.5M0.17%
82Deere & CoDE6,836$3.2M0.15%
83Spdr Ser Tr Portfolio S&P50078464A85437,029$2.4M0.12%
84Invesco Variable Rate Pref PorIVZ81,829$2.0M0.10%
85Blackstone Group IncBX14,174$2.0M0.10%
86Princpal Spectrum Preferred Se74255Y888104,148$1.9M0.09%
87Main Street Capital Corp56035L10434,204$1.9M0.09%
88Vanguard Interm. Term Corp. Bo92206c87022,632$1.9M0.09%
89Otis Worldwide Corp ComOTIS17,596$1.8M0.09%
90Progressive Corp Ohio Com7433151036,005$1.7M0.08%
91Ecolab IncECL6,697$1.7M0.08%
92Uber Technologies IncUBER22,273$1.6M0.08%
93S & P Depository Receipts SPDRSPY2,671$1.5M0.07%
94Honeywell Intl Inc4385161067,022$1.5M0.07%
95Invesco QQQ Trust Series 1IVZ3,123$1.5M0.07%
96IShares Barclays Aggregate Bon46428722614,691$1.5M0.07%
97Alphabet Inc CL C NON VotingGOOG9,247$1.4M0.07%
98Sixth Street Specialty LendingTSLX63,405$1.4M0.07%
99Communication Services Select81369Y85214,159$1.4M0.07%
100Analog Devices IncADI6,510$1.3M0.06%
101Salesforce.com IncCRM4,691$1.3M0.06%
102Kinsale Cap Group Inc Com49714P1082,550$1.2M0.06%
103PayChex IncPAYX7,986$1.2M0.06%
104Alerian MLP ETF00162Q45221,753$1.1M0.05%
105Northern TrustNTRSO11,353$1.1M0.05%
106Emerson Electric CoEMR10,081$1.1M0.05%
107Vanguard FTSE Developed Mkts E92194385821,617$1.1M0.05%
108Williams Cos Inc96945710017,892$1.1M0.05%
109Health Care Select Sector SPDR81369Y2097,313$1.1M0.05%
110AT&T IncT-PC37,407$1.1M0.05%
111VanEck Vectors Semiconductor E92189F6764,894$1.0M0.05%
112Vanguard Long-Term Corp Bond E92206C81313,488$1.0M0.05%
113Eaton Corp PLCETN3,753$1.0M0.05%
114Berkshire Hathaway Cl BBRK-A1,899$1.0M0.05%
115PfizerPFE39,305$996,0000.05%
116Vanguard Total Bond Market ETF92193760313,370$982,0320.05%
117Broadcom IncAVGO5,834$976,7870.05%
118U. S. BancorpUSB-PS22,710$958,8200.05%
119Cisco SystemsCSCO15,412$951,0570.05%
120Lancaster Colony CorpMZTI5,423$948,9440.05%
121Netflix Inc ComNFLX1,013$944,6530.05%
122SPDR Gold TrustGLD3,240$933,5740.04%
123Lockheed Martin CorpLMT2,066$923,0020.04%
124IShares S&P Mid Cap 400/Barra46428760610,971$913,6750.04%
125Lowe's Companies, Inc.5486611073,826$892,3380.04%
126Norfolk Southern Corp6558441083,696$875,3080.04%
127Vanguard Long Term Bond ETF92193779312,307$866,6370.04%
128CRA International, Inc12618T1054,870$843,4840.04%
129Parker Hannifin CorpPH1,345$817,5580.04%
130IShares Core S&P Mid-Cap ETF46428750713,991$816,3540.04%
131Vanguard Value ETF9229087444,714$814,2660.04%
132Duke Energy CorpDUKB6,365$776,2880.04%
133Xcel Energy IncXELLL10,922$773,1680.04%
134Public Storage IncPSA-PS2,411$721,6410.03%
135Gsk Adr Repreenting 2 Ord ShrsGLAXF18,392$712,5060.03%
136IShares NASDAQ Biotech Index F4642875565,471$699,7200.03%
137Vanguard S&P 500 ETF9229083631,309$672,9450.03%
138AmgenAMGN2,099$653,9430.03%
139Utilities Select Sector SPDR I81369Y8867,995$630,4060.03%
140Thomson ReutersTMSOF3,646$629,9560.03%
141Clorox CoCLX4,196$617,8610.03%
142FirstService CorpFSV3,697$613,5170.03%
143IShares DJ Select Dividend Fd4642871684,536$609,1390.03%
144Citigroup Inc.C-PR8,500$603,4280.03%
145O'Reilly Automotive Inc67103H107418$598,8180.03%
146BoeingBA-PA3,478$593,2200.03%
147Tesla Motors IncTSLA2,289$593,2170.03%
148CME Group IncCME2,182$578,8630.03%
149Meta Platforms Ord Shs Class AMETA993$572,5880.03%
150LyondellBasell Industries NVLYB8,030$565,3120.03%
151ASML Holding NVASMLF846$560,5850.03%
152iShares iBonds Dec 2025 Term C46434VBD122,143$556,9020.03%
153PPG Industries Inc6935061075,078$555,2790.03%
154American Electric Power0255371015,004$546,7650.03%
155IShares S&P 500 Index Fund464287952973$546,7290.03%
156iShares iBonds Dec 2027 Term C46435UAA922,474$543,4280.03%
157iShares iBonds Dec 2026 Term C46435GAA022,348$541,0510.03%
158Roper Technologies IncROP917$540,6450.03%
159Colgate Palmolive CoCL5,753$539,0140.03%
160Carpenter Technology C ComCRS2,950$534,4810.03%
161iShares iBonds Dec 2028 Term C46435U51521,044$531,5780.03%
162iShares iBonds Dec 2029 Term C46436E20522,764$526,5380.03%
163Unilever PLC ADR SponUNLYF8,460$503,7930.02%
164Enterprise Products Partners L29379210714,641$499,8310.02%
165Alcon IncALC5,259$499,2370.02%
166Advanced Micro DevicesAMD4,853$498,5970.02%
167ServiceNow IncNOW594$472,9070.02%
168Technology Select Sector SPDR81369Y8032,279$470,5680.02%
169Walt Disney Co2546871064,733$467,1470.02%
170IShares Russell 2000 Indx Fd4642876552,329$464,6120.02%
171Cognizant Tech Solutions Cl ACTSH6,070$464,3550.02%
172Morningstar, Inc.MORN1,546$463,5990.02%
173Intuitive Surgical IncISRG927$459,1150.02%
174Vanguard Mid-Cap Growth Index9229085381,854$453,5630.02%
175Idexx Labs Inc45168D1041,080$453,5460.02%
176American Express CoAXP1,651$444,2020.02%
177Enbridge Inc.ENNPF9,930$439,9980.02%
178IShares Tr S&P Smallcap 600 In4642878874,196$438,7760.02%
179Cummins IncCMI1,387$434,7410.02%
180Fiserv IncFISV1,879$414,9400.02%
181Shell plcRYDAF5,615$411,4430.02%
182Capital Southwest CorporationCSWC18,424$411,2240.02%
183Phillips 66PSX3,329$411,0650.02%
184Philip Morris International7181721092,575$408,7300.02%
185Invesco BulletShares 2026 CorpIVZ20,409$397,5670.02%
186Consumer Discretionary Sel Sec81369Y4071,989$392,7480.02%
187Vanguard Intermediate Term Bon9219378195,126$392,4980.02%
188Verisk Analytics IncVRSK1,311$390,1800.02%
189Allstate CorpALL-PJ1,854$383,9080.02%
190Old Dominion Freight Line IncODFL2,298$380,2040.02%
191Ge Vernova Inc ComGEV1,177$359,3150.02%
192Sony Group Corporation SponsorSNEJF13,789$350,1030.02%
193Target CorporationTGT3,344$348,9550.02%
194IShares Core MSCI EAFE ETF46432F8424,612$348,8980.02%
195Travelers Cos IncTRV1,263$333,9410.02%
196Schwab U.S. Small-Cap ETF80852460714,194$332,5650.02%
197Kinder Morgan IncEP-PC11,538$329,1830.02%
198Sysco CorporationSYY4,363$327,4000.02%
199Zebra Technologies Corp. Cl AZBRA1,155$326,3570.02%
200Unilever PLC ADR SponUNLYF5,348$318,4730.02%
201Novartis AG ADRNVSEF2,844$317,0490.02%
202Vanguard Small-Cap Value ETF9229086111,698$316,3200.02%
203British American Tobacco PLC A1104481077,640$316,0670.02%
204Relx Plc - Sponsored AdrRLXXF6,232$314,1550.02%
205Oracle CorpORCL-PD2,244$313,7340.02%
206Vanguard Emerging Markets ETF9220428586,844$309,7590.01%
207Fidelity National Information31620M1064,000$298,7200.01%
208Nike Inc, Class BNKE4,673$296,6280.01%
209AFLAC Inc.AFL2,655$295,2350.01%
210Industrial Select Sect SPDR In81369Y7042,215$290,3200.01%
211IShares DJ Intl Select Div4642884489,224$286,1280.01%
212National Grid PLC - SPONS ADRNMPWP4,317$283,2380.01%
213Moody's CorpMCO607$282,6740.01%
214Digital Realty Trust Inc2538681031,971$282,4250.01%
215Alibaba Group Holding Ltd.BBAAY2,130$281,6500.01%
216Vanguard Mid-Cap ETF9229086291,066$275,6890.01%
217Sanofi-Aventis ADRSNYNF4,964$275,3030.01%
218IShares Tr MSCI Emerging Mkts4642872346,233$272,3820.01%
219GCM Grosvenor IncGCMG20,576$272,2200.01%
220Altria Group IncMO4,495$269,7900.01%
221VanEck Preferred Securities ex92189F42916,000$268,1600.01%
222Vanguard Ttl Stk Mkt ETF922908769975$267,9690.01%
223Vanguard Short-Term Bond ETF9219378273,388$265,2130.01%
224Chipotle Mexican GrillCMG5,250$263,6030.01%
225TJX Companies Inc8725401092,160$263,0880.01%
226Insulet CorpPODD1,000$262,6100.01%
227Invesco Financial Pfd PortfoliIVZ18,377$262,4240.01%
228Taiwan Semiconductor Mfg Co AD8740391001,547$256,8020.01%
229Consumer Staples Select Sector81369Y3083,129$255,5450.01%
230Taiwan Semiconductor Mfg Co AD8740391001,523$252,8180.01%
231IShares Core MSCI Emerging Mar46434G1034,673$252,2020.01%
232General Electric Co3696043011,258$251,7890.01%
233Resmed IncRSMDF1,120$250,7120.01%
234Baxter International Inc0718131097,258$248,4410.01%
235Vanguard High Dividend Yield E9219464061,900$245,0240.01%
236Dow ChemicalDOW6,925$241,8210.01%
237Masco CorpMAS3,452$240,0520.01%
238IShares MSCI EAFE Index Fd4642874652,842$232,2770.01%
239Akamai Technologies ComAKAM2,885$232,2430.01%
240Financial Select Sector SPDR I81369Y6054,660$232,1110.01%
241TC Energy CorpTRPRF4,885$230,6210.01%
242Bristol Myers Squibb CompanyCELG-RI3,755$229,0170.01%
243IShares Barclays 20plus Year Tres4642874322,500$227,5750.01%
244State Street CorpSTT-PG2,500$223,8250.01%
245Heico CorpHEI-A831$222,0350.01%
246Invesco Global Water PortfolioIVZ3,427$221,1260.01%
247Danaher Corp2358511021,071$219,5550.01%
248Vanguard Small Cap Growth ETF922908595861$216,7740.01%
249CVS Health CorpCVS3,177$215,2420.01%
250Lennar Corp Cl ALEN-B1,855$212,9170.01%
251Cava Group Inc ComCAVA2,449$211,6180.01%
252Northrop Grumman CorpNOC412$211,0410.01%
253Cincinnati Financial Corp1720621011,403$207,2510.01%
254Vanguard Total International S9219097683,300$204,9300.01%
255ASCENDIS PHARMA A/S SPONSOREDASND1,300$202,6180.01%
256American Tower Corp03027X100922$200,6270.01%
257Prologis Inc.PLDGP1,790$200,1040.01%
258Palantir Technologies Cl APLTR1,903$160,6130.01%
259Shell plcRYDAF2,116$155,0600.01%
260Bitwise Bitcoin ETFBITB3,426$153,7590.01%
261Tesla Motors IncTSLA567$146,9440.01%
262Lowe's Companies, Inc.548661107425$99,1230.00%
263Bitwise Bitcoin ETFBITB1,760$78,9890.00%
264Palantir Technologies Cl APLTR536$45,2380.00%
265Sony Group Corporation SponsorSNEJF1,320$33,5150.00%
266British American Tobacco PLC A110448107806$33,3440.00%
267Relx Plc - Sponsored AdrRLXXF587$29,5910.00%
268Johnson & JohnsonJNJ175$29,0220.00%
269National Grid PLC - SPONS ADRNMPWP406$26,6380.00%
270Sanofi-Aventis ADRSNYNF452$25,0680.00%
271TJX Companies Inc872540109199$24,2380.00%
272India Globalization Capital InIGC84,401$24,0540.00%
273Republic Services Inc76075910098$23,7320.00%
274U. S. BancorpUSB-PS300$12,6660.00%
275Phillips 66PSX63$7,7790.00%
276Kimberly-Clark CorpKMB40$5,6890.00%