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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 2024 · Filed February 13, 2025 · Accession 0001942364-25-000001

Total Value
$2.57B
Positions
300
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (300)

#IssuerTicker / CUSIPSharesValue% of Filing
1Apple Computer IncAAPL452,009$113.2M4.40%
2NVIDIA CorpNVDA742,971$99.8M3.88%
3Microsoft CorpMSFT217,329$91.6M3.56%
4Alphabet Inc Cl AGOOG306,736$58.1M2.26%
5Eli Lilly & CoLLY64,843$50.1M1.95%
6Amazon.com IncAMZN222,244$48.8M1.90%
7Broadcom IncAVGO205,795$47.7M1.85%
8Amphenol Corp Cl A032095101554,172$38.5M1.50%
9Visa Inc Cl AV116,611$36.9M1.43%
10Stryker CorpSYK95,402$34.3M1.34%
11BlackRock, IncBLK32,748$33.6M1.30%
12Fiserv IncFISV162,095$33.3M1.29%
13ServiceNow, IncNOW30,567$32.4M1.26%
14Bank of NY Mellon064058100413,822$31.8M1.24%
15IntercontinentalExchangeICE201,380$30.0M1.17%
16Pepsico IncPEP179,535$27.3M1.06%
17United Health GroupUNH53,866$27.2M1.06%
18Meta PlatformsMETA45,933$26.9M1.05%
19Costco WholesaleCOST28,646$26.2M1.02%
20JP Morgan Chase & CoVYLD109,307$26.2M1.02%
21Merck & Co IncMRK262,611$26.1M1.02%
22Walmart IncWMT279,558$25.3M0.98%
23Republic Services760759100123,811$24.9M0.97%
24HEICO CorpHEI-A100,810$24.0M0.93%
25T--Mobile US IncTMUSZ105,973$23.4M0.91%
26Wells Fargo & Co949746101317,575$22.3M0.87%
27Intuitive Surgical IncISRG42,232$22.0M0.86%
28Tyler Technologies IncTYL37,901$21.9M0.85%
29Sherwin WilliamsSHW63,673$21.6M0.84%
30Exxon Mobil CorpXOM199,730$21.5M0.84%
31WEC Energy Group IncWEC226,067$21.3M0.83%
32Axon Enterprise IncAXON35,649$21.2M0.82%
33Ross StoresROST137,769$20.8M0.81%
34MSCI IncMSCI34,720$20.8M0.81%
35Monolithic Power Sys Inc60983910534,394$20.4M0.79%
36Autodesk IncADSK68,501$20.2M0.79%
37IBMINTR90,458$19.9M0.77%
38Mastercard Inc-AMA37,723$19.9M0.77%
39Corpay IncCPAY56,701$19.2M0.75%
40AbbVie IncABBV107,759$19.1M0.74%
41Taiwan Semiconductor87403910096,643$19.1M0.74%
42Chipotle Mexican GrillCMG311,990$18.8M0.73%
43Booz Allen Hamilton Cl ABAH141,068$18.2M0.71%
44Home Depot IncHD44,725$17.4M0.68%
45Terreno Realty CorpTRNO293,835$17.4M0.68%
46Workday Inc Cl AWDAY67,201$17.3M0.67%
47Boeing CoBA-PA93,959$16.6M0.65%
48Fastenal CoFAST220,561$15.9M0.62%
49Neurocrine BiosciencesNBIX115,308$15.7M0.61%
50General DynamicsGD59,359$15.6M0.61%
51Chubb LtdCB52,252$14.4M0.56%
52Salesforce.comCRM42,333$14.2M0.55%
53Johnson & JohnsonJNJ97,143$14.0M0.55%
54ResMed IncRSMDF61,160$14.0M0.54%
55Casey's General Stores14752810334,985$13.9M0.54%
56Netflix IncNFLX15,429$13.8M0.53%
57Palo Alto NetworksPANW70,954$12.9M0.50%
58Procter & Gamble Co74271810975,010$12.6M0.49%
59iShares MSCI EU Financial464289180539,050$12.6M0.49%
60Pfizer IncPFE471,375$12.5M0.49%
61Reins Grp of America75935160457,899$12.4M0.48%
62The Trade Desk Inc Cl A88339j105104,816$12.3M0.48%
63Schlumberger LtdSLB317,584$12.2M0.47%
64Marsh & McLennan57174810256,441$12.0M0.47%
65Linde PLC FLIN28,332$11.9M0.46%
66Globant SAGLOB54,999$11.8M0.46%
67Chevron CorpCVX80,241$11.6M0.45%
68Walt Disney Co254687106104,099$11.6M0.45%
69Xylem IncXYL96,098$11.1M0.43%
70State Street CorpSTT-PG113,120$11.1M0.43%
71Intuit IncINTU17,528$11.0M0.43%
72Union Pacific CorpUNP48,052$11.0M0.43%
73CrowdStrike Holdings IncCRWD31,676$10.8M0.42%
74Tencent Holdings LTD-UNS ADRXHLD201,370$10.8M0.42%
75Starbucks CorpSBUX117,879$10.8M0.42%
76Vanguard US Tot Mkt ETF92290876936,821$10.7M0.41%
77Marvell Tech Grp LtdMRVL95,732$10.6M0.41%
78Accenture LTD Cl AACN30,009$10.6M0.41%
79iShares MSCI Emerging Mkts464287234251,845$10.5M0.41%
80Automatic Data ProcADP35,784$10.5M0.41%
81Gilead Sciences IncGILD111,615$10.3M0.40%
82Constellation Brands Inc Cl ASTZ46,486$10.3M0.40%
83Zoetis IncZTS62,813$10.2M0.40%
84Verizon Comm IncVZ255,289$10.2M0.40%
85Brookfield Asset Mgmt Cl A113004105187,530$10.2M0.39%
86PNC Financial69347510551,935$10.0M0.39%
87Mondelez Int'l Inc609207105164,080$9.8M0.38%
88Duke Energy CorpDUKB90,508$9.8M0.38%
89Texas Instruments88250810451,321$9.6M0.37%
90Roper Industries IncROP18,224$9.5M0.37%
91West Pharmaceutical Services95530610528,813$9.4M0.37%
92Cisco Systems IncCSCO158,696$9.4M0.37%
93Veeva Systems IncVEEV44,644$9.4M0.36%
94MercadoLibre IncMELI5,491$9.3M0.36%
95Penumbra IncPEN39,177$9.3M0.36%
963M CoMMM69,940$9.0M0.35%
97Techtronic INDS LTD SP ADR87873r101136,303$9.0M0.35%
98Vertex Pharmaceuticals92532f10022,141$8.9M0.35%
99Emerson Electric CoEMR71,234$8.8M0.34%
100ASML Holdings NV NY Reg SharesASMLF12,224$8.5M0.33%
101McDonald's CorpMCD29,194$8.5M0.33%
102Vanguard Total Bond Market ETF921937835116,650$8.4M0.33%
103Southern CoSOMN100,415$8.3M0.32%
104Japan Index (ETF)46434g822119,375$8.0M0.31%
105Daiichi Sankyo Co LTD Spon ADR23381d102287,135$8.0M0.31%
106NICE Systems LtdNCSYF46,494$7.9M0.31%
107WisdomTree Europe Hedged Eq FuWT179,815$7.9M0.31%
108AstraZeneca PLCAZN119,575$7.8M0.30%
109Abbott LabsABLZF67,323$7.6M0.30%
110CoStar Group IncCSGP106,041$7.6M0.30%
111Paychex IncPAYX53,628$7.5M0.29%
112Kinder Morgan IncEP-PC271,190$7.4M0.29%
113Coca-Cola CoKO117,409$7.3M0.28%
114Atlassian Corp PLCTEAM29,737$7.2M0.28%
115Corteva IncCTVA126,926$7.2M0.28%
116CME Group IncCME31,020$7.2M0.28%
117MTU Aero Engines AG62473g10242,365$7.1M0.27%
118Medtronic PLCMDT87,920$7.0M0.27%
119Experian PLC30215c101162,479$7.0M0.27%
120Agilent TechnologiesA51,916$7.0M0.27%
121Target CorpTGT51,548$7.0M0.27%
122Bank of America060505104156,927$6.9M0.27%
123Welltower IncWELL54,280$6.8M0.27%
124Citigroup IncC-PR94,373$6.6M0.26%
125iShares S&P Smallcap 600 Growt46428788748,638$6.6M0.26%
126Advanced Micro DevicesAMD53,614$6.5M0.25%
127Bristol-Myers SquibbCELG-RI111,505$6.3M0.25%
128Berkshire Hathaway Cl BBRK-A13,867$6.3M0.24%
129RTX CorpRTX54,175$6.3M0.24%
130Rockwell AutomationROK21,825$6.2M0.24%
131Weyerhaeuser CoWY219,255$6.2M0.24%
132DBS Group23304y10047,565$6.1M0.24%
133Best Buy CoBBY68,922$5.9M0.23%
134Clorox CoCLX35,065$5.7M0.22%
135Principal Financial Group74251v10272,000$5.6M0.22%
136Kimberly-Clark CorpKMB40,127$5.3M0.20%
137Lockheed MartinLMT10,759$5.2M0.20%
138IDEXX Laboratories Inc45168d10412,396$5.1M0.20%
139Ecolab IncECL21,752$5.1M0.20%
140TJX Companies87254010942,019$5.1M0.20%
141iShares S&P Smallcap 600 Value46428787946,586$5.1M0.20%
142London Stock ExchangeLSEGY142,617$5.0M0.20%
143Amgen IncAMGN18,699$4.9M0.19%
144Aflac IncAFL46,845$4.8M0.19%
145Airbus SEAIIR113,864$4.6M0.18%
146iShares-Russell 1000 Growth46428761411,354$4.6M0.18%
147Caterpillar IncCAT12,325$4.5M0.17%
148Colgate-Palmolive CoCL49,150$4.5M0.17%
149AT&T IncT-PC194,985$4.4M0.17%
150Check Point SoftwareCHKP23,604$4.4M0.17%
151HDFC Bank Ltd ADRHDB68,595$4.4M0.17%
152iShares-Russell 1000 Value46428759823,167$4.3M0.17%
153Invesco S&P 500 Eq Wt ETFIVZ24,285$4.3M0.17%
154iShares MSCI EAFE46428746555,349$4.2M0.16%
155Lonza Group AG54338v10168,460$4.0M0.16%
156Shell PLC Fun Spon ADRRYDAF63,160$4.0M0.15%
157Icon PLCICLR18,122$3.8M0.15%
158Vanguard Total Intl Stk ETF92190976863,050$3.7M0.14%
159Wal-Mart De Mexico SA Spon ADR93114w107138,325$3.7M0.14%
160Air Products & ChemAIIR12,552$3.6M0.14%
161Iron Mountain IncIRM33,370$3.5M0.14%
162Canadian Nat'l Railway13637510234,226$3.5M0.14%
163American ExpressAXP11,470$3.4M0.13%
164Cogent Communications Hldgs InCCOI42,985$3.3M0.13%
165Dassault Systems SA23754510894,437$3.3M0.13%
166Capgemini13961r10098,823$3.2M0.13%
167Alphabet Inc Cl CGOOG16,992$3.2M0.13%
168United Parcel ServiceUPS25,193$3.2M0.12%
169Public Storage REITPSA-PS10,109$3.0M0.12%
170Hershey CoHSY17,860$3.0M0.12%
171Dow IncDOW74,740$3.0M0.12%
172Honeywell Int'l Inc43851610612,665$2.9M0.11%
173Realty Income CorpO52,310$2.8M0.11%
174Travelers Company IncTRV11,204$2.7M0.10%
175Oracle CorpORCL-PD15,880$2.6M0.10%
176Gentex CorpGNTX87,700$2.5M0.10%
177Nestle SA ADR64106940626,394$2.2M0.08%
178iShares-Russell 20004642876559,603$2.1M0.08%
179Applied Materials Inc03822210512,703$2.1M0.08%
180iShares S&P MidCap 40046428750733,060$2.1M0.08%
1811/100 Berkshire CLA 100=1 BRKBRK-A300$2.0M0.08%
182Nordson CorporationNDSN9,653$2.0M0.08%
183Intel CorpINTC95,505$1.9M0.07%
184Pinnacle West Cap CorpPNW22,275$1.9M0.07%
185BP PLC ADRBPPFF61,308$1.8M0.07%
186Neogen CorpNEOG146,932$1.8M0.07%
187Motorola SolutionsMSI3,657$1.7M0.07%
188Thermo Fisher Sci IncTMO3,184$1.7M0.06%
189NextEra EnergyNEE-PW23,080$1.7M0.06%
190Ford Motor Co345370860164,721$1.6M0.06%
191Qualcomm IncQCOM10,365$1.6M0.06%
192The Toro CoTORO18,880$1.5M0.06%
193Comerica Inc20034010724,187$1.5M0.06%
194Deere & CoDE3,456$1.5M0.06%
195ConocoPhillipsCOP14,468$1.4M0.06%
196Cardinal HealthCAH12,078$1.4M0.06%
197Blackstone Group IncBX7,802$1.3M0.05%
198Airbnb Inc Cl AABNB10,000$1.3M0.05%
199Eaton Corp PLCETN3,713$1.2M0.05%
200GE Aerospace3696043017,322$1.2M0.05%
201DTE Energy CoDTK9,350$1.1M0.04%
202Sysco CorpSYY14,550$1.1M0.04%
203Progressive Corp7433151034,530$1.1M0.04%
204SPDR S&P 500 Growth78464a40911,925$1.0M0.04%
205Adobe Systems IncADBE2,297$1.0M0.04%
206Lowe's Companies5486611074,071$1.0M0.04%
207iShares S&P 500 Val4642874085,160$984,9410.04%
208Intermediate Gov/Credit ETF4642886129,186$957,4570.04%
209Palantir Tech Inc-APLTR12,600$952,9380.04%
210iShares Gold TrustIAU19,024$941,8780.04%
211Grainger W.W. Inc384802104880$927,5640.04%
212Vanguard S&P 500 ETF9229083631,666$897,5160.03%
213Illinois Tool Works4523081093,506$888,9810.03%
214Goldman Sachs GrpGSCE1,552$888,7060.03%
215Globus Medical IncGMED10,295$851,4990.03%
216Allstate CorpALL-PJ4,400$848,2760.03%
217iShares-Russell 10004642876222,619$843,7370.03%
218DuPont de Nemours IncDD10,992$838,1620.03%
219PayPal Holdings IncPYPL9,415$803,5700.03%
220iShares S&P 500 Growth4642873097,864$798,4320.03%
221Dominion Energy IncD14,441$777,7920.03%
222CMS Energy CorpCMS-PC11,652$776,6060.03%
223RPM Int'l Inc7496851036,300$775,2780.03%
224Analog DevicesADI3,547$753,5960.03%
225FedEx CorpFDX2,668$750,5880.03%
226Ingredion IncINGR5,280$726,3170.03%
227Huntington BancsharesHBANP42,269$687,7170.03%
228PPG Industries Inc6935061075,531$660,6780.03%
229Yum! Brands IncYUM4,880$654,7010.03%
230GE Vernova IncGEV1,960$644,7030.03%
231Snap-On IncSNA1,888$640,9380.02%
232FortinetFTNT6,510$615,0650.02%
233Enbridge IncENNPF14,404$611,1180.02%
234SPDR S&P 500 ETF TrustSPY1,036$607,1790.02%
235Tesla IncTSLA1,482$598,4910.02%
236Philip Morris Int'l7181721094,825$580,6890.02%
237Cincinnati Financial Corp1720621013,973$570,9200.02%
238iShares Trust S&P 500464287200966$568,6210.02%
239Avery Dennison CorpAVY3,035$567,9400.02%
240Genuine Parts CoGPC4,816$562,3160.02%
241Parker Hannifin CorpPH855$543,8060.02%
242VF CorpVFC23,910$513,1090.02%
2431-3yr Treasury Bond ETF4642874576,225$510,3250.02%
244DT Midstream IncDTM5,116$508,6840.02%
245Danaher Corp2358511022,207$506,6170.02%
246Marathon Petroleum CorpMPC3,475$484,7620.02%
247Altria Group IncMO9,250$483,6820.02%
248Carrier Global CorpCARR7,034$480,1410.02%
249Vanguard Intermediate-Term Cor92206c8705,865$470,7840.02%
250SPDR Gold TrustGLD1,909$462,2260.02%
251Exelon CorpEXC12,000$451,6800.02%
252S&P Global IncSPGI875$435,7760.02%
253Mercantile Bank Corp5873761049,189$408,8190.02%
254ProShares S&P 500 Div Aristocr74348a4674,056$403,7750.02%
255Donaldson Co IncDCI5,800$390,6300.02%
256Consolidated EdisonED4,352$388,3290.02%
257Intercontinental Hotels ADRINTR3,000$374,7600.01%
258McCormick & CoMKC-V4,910$374,3380.01%
259General Mills Inc3703341045,829$371,7150.01%
260Valero Energy CorpVLO3,030$371,4480.01%
261Comcast Corp Cl ACCZ9,889$371,1340.01%
262Martin Marietta Materials573284106715$369,2970.01%
263Waste Management IncWM1,800$363,2220.01%
264Microchip TechnologyMCHPP6,295$361,0180.01%
265Flutter EntertainmentFLUT1,363$352,2670.01%
266Pentair PlcPNR3,409$343,0820.01%
267Essex Property Trust Inc2971781051,200$342,5280.01%
268Corning IncGLW6,900$327,8880.01%
269iShares S&P PFD Stock Fund46428868710,050$315,9720.01%
270Newmont CorpNEMCL8,200$305,2040.01%
271STERIS PlcSTE1,480$304,2290.01%
272Private Bancorp of Amer74274f1005,200$300,2480.01%
273SPDR Index Dvlpd Wrld Ex-US ET78463x8898,791$300,0450.01%
274Shyft Group Inc.82569810325,500$299,3700.01%
275Shopify Inc Cl ASHOP2,785$296,1290.01%
276Stanley Black & Decker IncSWK3,675$295,0660.01%
277Boston Scientific CoBSX3,225$288,0570.01%
278Delta Air Lines IncDAL4,612$279,0260.01%
279Becton DickinsonBDX1,223$277,4620.01%
280Kraft Heinz CoKHC9,013$276,7890.01%
281Cameco CorpCCJ5,230$268,7700.01%
282Charles Schwab CorpSCHW-PJ3,619$267,8420.01%
283iShares S&P Smallcap 6004642878042,319$267,1950.01%
284Expeditors Int'l of WA3021301092,350$260,3090.01%
285Garmin LtdGRMN1,243$256,3810.01%
286Otis Worldwide CorpOTIS2,685$248,6580.01%
287Baxter Int'l Inc0718131098,500$247,8600.01%
288SPDR S&P 600 Small Cap Value E78464a3002,800$244,3000.01%
289GlaxoSmithKline ADRGLAXF7,060$238,7690.01%
290Constellation Energy CorpCEG1,054$235,7900.01%
291iShares DJ Select DVD Index4642871681,763$231,4640.01%
292Phillips 66PSX1,937$220,6820.01%
293iShares Broad USD Inv Grade C4642886204,240$213,1870.01%
294Unilever PLC Spons ADRUNLYF3,735$211,7740.01%
295General Motors37045v1003,954$210,6300.01%
296Nike IncNKE2,670$202,0390.01%
297Walgreens Boots Alliance Inc93142710812,200$113,8260.00%
298Esperion TherapeuticsESPR22,000$48,4000.00%
299Wallbridge Mining Co Ltd93239710210,000$4520.00%
300Invesco Van Kampen Muni.Op.TrIVZ43,613$00.00%