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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

Azimuth Capital Investment Management LLC

Quarter ended Q4 2023 · Filed November 13, 2023 · Accession 0001942364-23-000004

Total Value
$2.03B
Positions
292
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (292)

#IssuerTicker / CUSIPSharesValue% of Filing
1Microsoft CorpMSFT198,475$62.7M3.09%
2Apple Computer IncAAPL346,395$59.3M2.92%
3NVIDIA CorpNVDA92,308$40.2M1.98%
4Pepsico IncPEP229,221$38.8M1.91%
5Alphabet Inc Cl AGOOG263,715$34.5M1.70%
6Broadcom IncAVGO39,435$32.8M1.61%
7Merck & Co IncMRK281,071$28.9M1.43%
8Visa Inc Cl AV122,863$28.3M1.39%
9Eli Lilly & CoLLY51,037$27.4M1.35%
10Chubb LtdCB125,663$26.2M1.29%
11Exxon Mobil CorpXOM219,368$25.8M1.27%
12Stryker CorpSYK92,308$25.2M1.24%
13Johnson & JohnsonJNJ160,389$25.0M1.23%
14Linde PLC FLIN65,327$24.3M1.20%
15Mondelez Int'l Inc609207105337,787$23.4M1.15%
16Mastercard Inc-AMA57,820$22.9M1.13%
17Meta PlatformsMETA74,584$22.4M1.10%
18Axon Enterprise IncAXON111,505$22.2M1.09%
19Booz Allen Hamilton Cl ABAH199,297$21.8M1.07%
20Martin Marietta Materials57328410652,957$21.7M1.07%
21Palo Alto NetworksPANW92,363$21.7M1.07%
22Amazon.com IncAMZN169,864$21.6M1.06%
23Schlumberger LtdSLB346,762$20.2M1.00%
24CDW CorpCDW99,664$20.1M0.99%
25JP Morgan Chase & CoVYLD132,737$19.2M0.95%
26Marsh & McLennan57174810299,379$18.9M0.93%
27IBMINTR133,948$18.8M0.93%
28Walmart IncWMT116,755$18.7M0.92%
29Costco WholesaleCOST32,506$18.4M0.90%
30Dexcom IncDXCM196,066$18.3M0.90%
31Republic Services760759100127,036$18.1M0.89%
32General DynamicsGD80,219$17.7M0.87%
33United Health GroupUNH34,531$17.4M0.86%
34Pfizer IncPFE518,271$17.2M0.85%
35ServiceNow, IncNOW30,582$17.1M0.84%
36Starbucks CorpSBUX186,023$17.0M0.84%
37Zoetis IncZTS96,070$16.7M0.82%
38Reins Grp of America759351604114,217$16.6M0.82%
39Sherwin WilliamsSHW64,001$16.3M0.80%
40Constellation Brands Inc Cl ASTZ61,810$15.5M0.77%
41Intuitive Surgical IncISRG52,469$15.3M0.76%
42Vertex Pharmaceuticals92532f10042,545$14.8M0.73%
43Home Depot IncHD47,194$14.3M0.70%
44Salesforce.comCRM69,810$14.2M0.70%
45BlackRock, IncBLK21,513$13.9M0.68%
46Fastenal CoFAST251,837$13.8M0.68%
47Chevron CorpCVX79,401$13.4M0.66%
48AbbVie IncABBV88,976$13.3M0.65%
49Penumbra IncPEN54,113$13.1M0.64%
50Cisco Systems IncCSCO241,352$13.0M0.64%
51IDEXX Laboratories Inc45168d10429,637$13.0M0.64%
52Boeing CoBA-PA67,523$12.9M0.64%
53Chipotle Mexican GrillCMG6,902$12.6M0.62%
54Globant SAGLOB63,167$12.5M0.62%
55West Pharmaceutical Services95530610532,828$12.3M0.61%
56Xylem IncXYL130,965$11.9M0.59%
57Monolithic Power Sys Inc60983910525,461$11.8M0.58%
58MercadoLibre IncMELI9,215$11.7M0.58%
59Procter & Gamble Co74271810978,965$11.5M0.57%
60Nike IncNKE116,708$11.2M0.55%
61Japan Index (ETF)46434g822180,705$10.9M0.54%
62Fleetcor Technologies33904110542,074$10.7M0.53%
63Automatic Data ProcADP42,671$10.3M0.51%
64Accenture LTD Cl AACN32,195$9.9M0.49%
65ResMed IncRSMDF66,530$9.8M0.48%
66Global Pmts IncGPN84,874$9.8M0.48%
67Walt Disney Co254687106120,424$9.8M0.48%
68Gilead Sciences IncGILD128,473$9.6M0.47%
69McDonald's CorpMCD34,877$9.2M0.45%
70Amphenol Corp Cl A032095101108,769$9.1M0.45%
71Workday Inc Cl AWDAY42,476$9.1M0.45%
72Comcast Corp Cl ACCZ198,170$8.8M0.43%
73Intuit IncINTU17,180$8.8M0.43%
74Lululemon Athletica IncLULU22,405$8.6M0.43%
75Thermo Fisher Sci IncTMO16,881$8.5M0.42%
76iShares MSCI EU Financial464289180443,952$8.4M0.41%
77Ross StoresROST74,217$8.4M0.41%
78The Trade Desk Inc Cl A88339j105106,545$8.3M0.41%
79Intel CorpINTC233,361$8.3M0.41%
80Graco IncGGG113,127$8.2M0.41%
81WNS Holdings Ltd-ADR92932M101118,238$8.1M0.40%
82Icon PLCICLR32,852$8.1M0.40%
83Grupo Aeroportuario Cen-ADR40050110292,360$8.0M0.40%
84MSCI IncMSCI15,255$7.8M0.39%
85Weyerhaeuser CoWY254,153$7.8M0.38%
86Texas Instruments88250810448,938$7.8M0.38%
87Rockwell AutomationROK26,931$7.7M0.38%
88Veeva Systems IncVEEV37,821$7.7M0.38%
89Capgemini13961r100217,362$7.6M0.38%
90Bristol-Myers SquibbCELG-RI130,362$7.6M0.37%
91Union Pacific CorpUNP37,131$7.6M0.37%
92Clorox CoCLX57,547$7.5M0.37%
93Vanguard US Tot Mkt ETF92290876935,466$7.5M0.37%
94Emerson Electric CoEMR77,425$7.5M0.37%
95Tyler Technologies IncTYL19,199$7.4M0.37%
96Agilent TechnologiesA65,856$7.4M0.36%
97CoStar Group IncCSGP95,312$7.3M0.36%
98Bank of NY Mellon064058100171,780$7.3M0.36%
99Taiwan Semiconductor87403910084,060$7.3M0.36%
100Magna Int'l Cl A559222401136,115$7.3M0.36%
101WisdomTree Europe Hedged Eq FuWT181,770$7.2M0.35%
102Coca-Cola CoKO127,899$7.2M0.35%
103ASML Holdings NV NY Reg SharesASMLF11,967$7.0M0.35%
104HEICO CorpHEI-A42,660$6.9M0.34%
105HDFC Bank Ltd ADRHDB115,278$6.8M0.34%
106Verizon Comm IncVZ208,736$6.8M0.33%
107WEC Energy Group IncWEC82,440$6.6M0.33%
108Berkshire Hathaway Cl BBRK-A18,877$6.6M0.33%
109Abbott LabsABLZF67,871$6.6M0.32%
110Kimberly-Clark CorpKMB54,307$6.6M0.32%
111Wal-Mart De Mexico SA Spon ADR93114w107172,760$6.5M0.32%
112Lockheed MartinLMT15,711$6.4M0.32%
1133M CoMMM67,298$6.3M0.31%
114Dow IncDOW122,117$6.3M0.31%
115Corteva IncCTVA122,915$6.3M0.31%
116Edwards LifesciencesEW90,483$6.3M0.31%
117Amgen IncAMGN23,067$6.2M0.31%
118Terreno Realty CorpTRNO109,030$6.2M0.31%
119Iron Mountain IncIRM103,660$6.2M0.30%
120Bank of America060505104215,372$5.9M0.29%
121Garmin LtdGRMN55,726$5.9M0.29%
122Cogent Communications Hldgs InCCOI90,455$5.6M0.28%
123Shell PLC Fun Spon ADRRYDAF82,620$5.3M0.26%
124Ecolab IncECL31,037$5.3M0.26%
125Newmont CorpNEMCL140,065$5.2M0.25%
126Estee Lauder Cl A51843910435,782$5.2M0.25%
127RTX CorpRTX71,372$5.1M0.25%
128iShares MSCI Emerging Mkts464287234134,641$5.1M0.25%
129TJX Companies87254010957,437$5.1M0.25%
130Kraft Heinz CoKHC151,302$5.1M0.25%
131PayPal Holdings IncPYPL86,751$5.1M0.25%
132Target CorpTGT45,434$5.0M0.25%
133Welltower IncWELL60,439$5.0M0.24%
134Kinder Morgan IncEP-PC297,859$4.9M0.24%
135Atlassian Corp PLCTEAM24,353$4.9M0.24%
136VF CorpVFC273,750$4.8M0.24%
137MSC Industrial Direct Co-A55353010649,198$4.8M0.24%
138United Parcel ServiceUPS29,956$4.7M0.23%
139Honeywell Int'l Inc43851610624,417$4.5M0.22%
140ProShares S&P 500 Div Aristocr74348a46749,325$4.4M0.22%
141Medtronic PLCMDT53,677$4.2M0.21%
142DBS Group23304y10042,495$4.2M0.21%
143Check Point SoftwareCHKP30,881$4.1M0.20%
144Realty Income CorpO82,235$4.1M0.20%
145Nestle SA ADR64106940635,231$4.0M0.20%
146AT&T IncT-PC265,559$4.0M0.20%
147Vanguard Total Bond Market ETF92193783556,745$4.0M0.20%
148Whirlpool CorpWHR-PA29,455$3.9M0.19%
149Canadian Nat'l Railway13637510236,262$3.9M0.19%
150MTU Aero Engines AG62473g10243,180$3.9M0.19%
151Walgreens Boots Alliance Inc931427108176,042$3.9M0.19%
152Aflac IncAFL50,750$3.9M0.19%
153Dassault Systems SA237545108102,676$3.8M0.19%
154NICE Systems LtdNCSYF22,438$3.8M0.19%
155Paychex IncPAYX32,810$3.8M0.19%
156Colgate-Palmolive CoCL52,940$3.8M0.19%
157Vanguard S&P 500 ETF9229083639,479$3.7M0.18%
158Lonza Group AG54338v10178,120$3.6M0.18%
159Public Storage REITPSA-PS13,517$3.6M0.18%
160Air Products & ChemAIIR12,529$3.6M0.17%
161Experian PLC30215c101106,712$3.5M0.17%
162Applied Materials Inc03822210525,150$3.5M0.17%
163Caterpillar IncCAT12,685$3.5M0.17%
164Bank of Montreal06367110140,395$3.4M0.17%
165Brookfield Asset Mgmt Cl A11300410598,691$3.3M0.16%
166Valero Energy CorpVLO22,654$3.2M0.16%
167Diageo PLC ADRDGEAF21,238$3.2M0.16%
168Duke Energy CorpDUKB34,940$3.1M0.15%
169TELUS CorpTU187,287$3.1M0.15%
170Tencent Holdings LTD-UNS ADRXHLD76,550$3.0M0.15%
171Techtronic INDS LTD SP ADR87873r10161,318$3.0M0.15%
172Gentex CorpGNTX89,825$2.9M0.14%
173The Toro CoTORO35,050$2.9M0.14%
174ConocoPhillipsCOP23,442$2.8M0.14%
175American ExpressAXP18,230$2.7M0.13%
176Endava PlcDAVA47,040$2.7M0.13%
177Vanguard Total Intl Stk ETF92190976847,130$2.5M0.12%
178BP PLC ADRBPPFF63,683$2.5M0.12%
179Cardinal HealthCAH27,773$2.4M0.12%
180Oracle CorpORCL-PD20,995$2.2M0.11%
181Deere & CoDE5,747$2.2M0.11%
182Progressive Corp74331510315,250$2.1M0.10%
183Neogen CorpNEOG114,382$2.1M0.10%
184Travelers Company IncTRV12,481$2.0M0.10%
185Ford Motor Co345370860164,056$2.0M0.10%
186Nordson CorporationNDSN8,760$2.0M0.10%
187iShares S&P MidCap 4004642875077,802$1.9M0.10%
188CME Group IncCME9,533$1.9M0.09%
189Alphabet Inc Cl CGOOG14,425$1.9M0.09%
190iShares-Russell 20004642876559,977$1.8M0.09%
191Ingredion IncINGR17,635$1.7M0.09%
192Pinnacle West Cap CorpPNW22,975$1.7M0.08%
193Southern CoSOMN25,660$1.7M0.08%
194iShares MSCI EAFE46428746523,662$1.6M0.08%
195Microchip TechnologyMCHPP20,668$1.6M0.08%
1961/100 Berkshire CLA 100=1 BRKBRK-A300$1.6M0.08%
197Vanguard Mid-Cap ETF9229086297,405$1.5M0.08%
198Vanguard Small Cap ETF9229087517,933$1.5M0.07%
199Wells Fargo & Co94974610136,561$1.5M0.07%
200Hershey CoHSY7,256$1.5M0.07%
201Airbnb Inc Cl AABNB10,175$1.4M0.07%
202NextEra EnergyNEE-PW23,720$1.4M0.07%
203Vanguard Short-Term Corp Bond92206c40917,244$1.3M0.06%
204Eaton Corp PLCETN6,002$1.3M0.06%
205DTE Energy CoDTK11,908$1.2M0.06%
206Qualcomm IncQCOM10,227$1.1M0.06%
207Comerica Inc20034010727,163$1.1M0.06%
208Motorola SolutionsMSI3,871$1.1M0.05%
209Intermediate Gov/Credit ETF4642886129,946$1.0M0.05%
210Sysco CorpSYY15,238$1.0M0.05%
211Adobe Systems IncADBE1,882$959,6320.05%
212F5 Networks IncFFIV5,862$944,6030.05%
213DuPont de Nemours IncDD12,650$943,5580.05%
214Lowe's Companies5486611074,512$937,7740.05%
215Illinois Tool Works4523081093,912$900,9730.04%
216iShares S&P 500 Val4642874085,806$893,1950.04%
217General Electric Co3696043018,072$892,3600.04%
218Dominion Energy IncD18,708$835,6860.04%
219iShares S&P PFD Stock Fund46428868727,400$826,1100.04%
220Grainger W.W. Inc3848021041,188$821,9060.04%
221Blackstone Group IncBX7,340$786,4080.04%
222Vanguard Short-Term Treas ETF92206c10213,484$776,6780.04%
223PPG Industries Inc6935061075,954$772,8290.04%
224Genuine Parts CoGPC5,296$764,6360.04%
225FedEx CorpFDX2,818$746,5450.04%
226iShares-Russell 10004642876222,909$683,3530.03%
227Allstate CorpALL-PJ6,021$670,8000.03%
228Marathon Petroleum CorpMPC4,301$650,9130.03%
229iShares Trust S&P 5004642872001,502$645,0040.03%
230Globus Medical IncGMED12,633$627,2280.03%
231RPM Int'l Inc7496851036,523$618,4460.03%
232Yum! Brands IncYUM4,863$607,5830.03%
233Analog DevicesADI3,460$605,8110.03%
234Avery Dennison CorpAVY3,235$590,9370.03%
235iShares S&P 500 Growth4642873098,380$573,3600.03%
236Philip Morris Int'l7181721096,141$568,5340.03%
2371-3yr Treasury Bond ETF4642874576,872$556,4260.03%
238Enbridge IncENNPF15,537$517,7850.03%
239Goldman Sachs GrpGSCE1,523$492,7970.02%
240Parker Hannifin CorpPH1,254$488,4580.02%
241Snap-On IncSNA1,801$459,3630.02%
242iShares S&P Smallcap 600 Value4642878794,994$445,5980.02%
243Cincinnati Financial Corp1720621014,348$444,7570.02%
244Pentair PlcPNR6,850$443,5370.02%
245Huntington BancsharesHBANP42,569$442,7180.02%
246SPDR S&P 500 ETF TrustSPY986$421,4950.02%
247Exelon CorpEXC11,091$419,1290.02%
248iShares Gold TrustIAU11,793$412,6370.02%
249Carrier Global CorpCARR7,295$402,6840.02%
250Consolidated EdisonED4,550$389,1610.02%
251Shyft Group Inc.82569810325,500$381,7350.02%
252Donaldson Co IncDCI6,100$363,8040.02%
253General Mills Inc3703341045,682$363,5910.02%
254Private Bancorp of Amer74274f10011,548$359,2580.02%
255Lamb Weston HoldingsLW3,883$359,0220.02%
256FortinetFTNT6,115$358,8280.02%
257PNC Financial6934751052,870$352,3500.02%
258iShares S&P Smallcap 6004642878043,665$345,7190.02%
259J M Smucker Co8326964052,750$338,0020.02%
260Altria Group IncMO7,950$334,2970.02%
261Baxter Int'l Inc0718131098,532$321,9980.02%
262DT Midstream IncDTM6,080$321,7540.02%
263Vanguard Intermediate-Term Cor92206c8704,165$316,4570.02%
264Stanley Black & Decker IncSWK3,725$311,3350.02%
265Otis Worldwide CorpOTIS3,741$300,4400.01%
266McCormick & CoMKC-V3,960$299,5340.01%
267STERIS PlcSTE1,360$298,4110.01%
268Mercantile Bank Corp5873761049,189$284,0320.01%
269S&P Global IncSPGI776$283,5580.01%
270Phillips 66PSX2,343$281,5110.01%
271Aptiv PLCAPTV2,840$279,9960.01%
272SPDR Gold TrustGLD1,625$278,6060.01%
273Conagra Foods IncCAG9,425$258,4330.01%
274Essex Property Trust Inc2971781051,200$254,5080.01%
275SPDR S&P 600 Small Cap Value E78464a3003,500$253,2950.01%
276Tesla IncTSLA1,001$250,4700.01%
277Danaher Corp235851102972$241,1530.01%
278Becton DickinsonBDX930$240,4330.01%
279Expeditors Int'l of WA3021301092,059$236,0230.01%
280CVS Health CorpCVS3,343$233,4080.01%
281Intercontinental Hotels ADRINTR3,000$224,2500.01%
282Roper Industries IncROP453$219,3790.01%
283Delta Air Lines IncDAL5,833$215,8210.01%
284iShares-Russell 1000 Growth464287614809$215,1860.01%
285iShares Broad USD Inv Grade C4642886204,385$210,7870.01%
286SPDR Barclays Capital HY78468r6222,306$208,4620.01%
287iShares DJ Select DVD Index4642871681,918$206,4110.01%
288Apache CorpAPA5,000$205,5000.01%
289Waste Management IncWM1,314$200,3060.01%
290Palantir Tech Inc-APLTR10,600$169,6000.01%
291Wallbridge Mining Co Ltd93239710210,000$8800.00%
292Invesco Van Kampen Muni.Op.TrIVZ43,613$00.00%