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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 Q1 2025 · Filed May 13, 2025 · Accession 0001942364-25-000002

Total Value
$2.51B
Positions
302
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (302)

#IssuerTicker / CUSIPSharesValue% of Filing
1Apple IncAAPL441,926$98.2M3.91%
2Microsoft CorpMSFT215,785$81.0M3.23%
3NVIDIA CorpNVDA742,183$80.4M3.20%
4Eli Lilly and CoLLY74,600$61.6M2.45%
5Alphabet Inc Cl AGOOG316,558$49.0M1.95%
6Broadcom IncAVGO277,230$46.4M1.85%
7Visa Inc Cl AV116,753$40.9M1.63%
8Amazon.com IncAMZN199,252$37.9M1.51%
9Wells Fargo & Co949746101519,653$37.3M1.49%
10Stryker CorpSYK94,247$35.1M1.40%
11Bank of New York Mellon Corp064058100408,915$34.3M1.37%
12Fiserv IncFISV152,559$33.7M1.34%
13Intercontinental Exchange IncICE194,423$33.5M1.34%
14BlackRock IncBLK33,138$31.4M1.25%
15Meta Platforms IncMETA53,196$30.7M1.22%
16PepsiCo IncPEP201,202$30.2M1.20%
17Republic Services Inc760759100119,614$29.0M1.15%
18Netflix IncNFLX30,442$28.4M1.13%
19T-Mobile US IncTMUSZ101,501$27.1M1.08%
20Costco Wholesale CorpCOST28,395$26.9M1.07%
21Bank of America Corp060505104637,669$26.6M1.06%
22Exxon Mobil CorpXOM223,535$26.6M1.06%
23UnitedHealth Group IncUNH50,689$26.5M1.06%
24JPMorgan Chase & CoVYLD106,905$26.2M1.04%
25WEC Energy Group IncWEC226,527$24.7M0.98%
26Walmart IncWMT270,716$23.8M0.95%
27AbbVie IncABBV108,098$22.6M0.90%
28Amphenol Corp Cl A032095101339,992$22.3M0.89%
29HEICO CorpHEI-A83,409$22.3M0.89%
30Merck & Co IncMRK247,959$22.3M0.89%
31IBMINTR85,549$21.3M0.85%
32Intuitive Surgical IncISRG41,252$20.4M0.81%
33Mastercard Inc Cl AMA37,142$20.4M0.81%
34Monolithic Power Systems Inc60983910534,031$19.7M0.79%
35Autodesk IncADSK73,218$19.2M0.76%
36Axon Enterprise IncAXON35,502$18.7M0.74%
37MSCI IncMSCI32,274$18.3M0.73%
38ServiceNow IncNOW22,401$17.8M0.71%
39Terreno Realty CorpTRNO273,141$17.3M0.69%
40Marvell Technology IncMRVL273,652$16.8M0.67%
41Fastenal CoFAST215,670$16.7M0.67%
42Home Depot IncHD45,247$16.6M0.66%
43Chevron CorpCVX98,364$16.5M0.66%
44Johnson & JohnsonJNJ98,691$16.4M0.65%
45Boeing CoBA-PA92,043$15.7M0.63%
46Chubb LtdCB51,927$15.7M0.62%
47iShares MSCI Europe Financials464289180544,630$15.5M0.62%
48Workday Inc Cl AWDAY65,850$15.4M0.61%
49Casey's General Stores Inc14752810335,350$15.3M0.61%
50General Dynamics CorpGD51,981$14.2M0.56%
51Marsh & McLennan Companies Inc57174810256,706$13.8M0.55%
52ResMed IncRSMDF59,805$13.4M0.53%
53Mondelez International Inc609207105192,476$13.1M0.52%
54Procter & Gamble Co74271810974,945$12.8M0.51%
55London Stock Exchange Group PLLSEGY342,555$12.7M0.50%
56Linde PLCLIN27,165$12.6M0.50%
57Taiwan Semiconductor Mfg Co Lt87403910074,439$12.4M0.49%
58Schlumberger LtdSLB293,678$12.3M0.49%
59Sherwin-Williams CoSHW34,893$12.2M0.49%
60Palo Alto Networks IncPANW70,588$12.0M0.48%
61Pfizer IncPFE469,052$11.9M0.47%
62Verizon Communications IncVZ254,999$11.6M0.46%
63Reinsurance Group of America I75935160457,747$11.4M0.45%
64Duke Energy CorpDUKB92,864$11.3M0.45%
65Xylem IncXYL93,813$11.2M0.45%
66Salesforce IncCRM41,485$11.1M0.44%
67iShares MSCI Emerging Markets464287234253,923$11.1M0.44%
68Starbucks CorpSBUX112,309$11.0M0.44%
69Roper Technologies IncROP18,663$11.0M0.44%
70CrowdStrike Holdings IncCRWD30,991$10.9M0.44%
71Automatic Data Processing IncADP35,654$10.9M0.43%
72Tyler Technologies IncTYL18,581$10.8M0.43%
73Gilead Sciences IncGILD95,940$10.8M0.43%
74Union Pacific CorpUNP45,175$10.7M0.43%
75Corpay IncCPAY30,363$10.6M0.42%
76Intuit IncINTU17,174$10.5M0.42%
77PNC Financial Services Group I69347510559,231$10.4M0.41%
78State Street CorpSTT-PG116,105$10.4M0.41%
793M CoMMM70,652$10.4M0.41%
80Vertex Pharmaceuticals Inc92532f10021,243$10.3M0.41%
81Booz Allen Hamilton Holding CoBAH98,012$10.3M0.41%
82Walt Disney Co254687106103,782$10.2M0.41%
83IDEXX Laboratories Inc45168d10424,173$10.2M0.40%
84Vanguard US Tot Mkt ETF92290876936,711$10.1M0.40%
85Chipotle Mexican Grill IncCMG199,651$10.0M0.40%
86Atlassian CorpTEAM47,237$10.0M0.40%
87Citigroup IncC-PR141,113$10.0M0.40%
88Veeva Systems IncVEEV43,180$10.0M0.40%
89Ross Stores IncROST77,559$9.9M0.39%
90Zoetis IncZTS59,374$9.8M0.39%
91Uber Technologies IncUBER134,055$9.8M0.39%
92Cisco Systems IncCSCO155,085$9.6M0.38%
93Accenture Plc Cl AACN30,529$9.5M0.38%
94Southern CoSOMN102,538$9.4M0.38%
95Texas Instruments Inc88250810452,154$9.4M0.37%
96Vanguard Total Bond Market ETF921937835125,750$9.2M0.37%
97MTU Aero Engines AG ADR62473g10252,853$9.1M0.36%
98MercadoLibre IncMELI4,558$8.9M0.35%
99McDonald's CorpMCD28,324$8.8M0.35%
100WisdomTree Europe Hedged EquitWT185,475$8.8M0.35%
101Penumbra IncPEN32,900$8.8M0.35%
102Neurocrine Biosciences IncNBIX79,318$8.8M0.35%
103Welltower IncWELL56,254$8.6M0.34%
104Coca-Cola CoKO119,174$8.5M0.34%
105Paychex IncPAYX55,083$8.5M0.34%
106CoStar Group IncCSGP106,790$8.5M0.34%
107Daiichi Sankyo Co Ltd ADR23381d102360,155$8.5M0.34%
108Abbott LabsABLZF63,570$8.4M0.34%
109Corteva IncCTVA132,351$8.3M0.33%
110CME Group IncCME31,391$8.3M0.33%
111Nintendo Co Ltd ADRNODK492,432$8.3M0.33%
112iShares MSCI Japan ETF46434g822121,375$8.3M0.33%
113ASML Holding NV ADRASMLF12,538$8.3M0.33%
114Techtronic Industries Co Ltd A87873r101138,358$8.3M0.33%
115Advanced Micro Devices IncAMD80,249$8.2M0.33%
116Brookfield Asset Management Lt113004105167,880$8.1M0.32%
117AstraZeneca PLC ADRAZN109,965$8.1M0.32%
118Emerson Electric CoEMR71,249$7.8M0.31%
119Constellation Brands Inc Cl ASTZ42,071$7.7M0.31%
120Kinder Morgan IncEP-PC265,205$7.6M0.30%
121Berkshire Hathaway Inc Cl BBRK-A13,412$7.1M0.28%
122Bristol-Myers Squibb CoCELG-RI110,780$6.8M0.27%
123RTX CorpRTX50,752$6.7M0.27%
124DBS Group Holdings Ltd ADR23304y10048,516$6.7M0.27%
125Principal Financial Group Inc74251v10276,040$6.4M0.26%
126Weyerhaeuser CoWY216,355$6.3M0.25%
127Agilent Technologies IncA52,175$6.1M0.24%
128iShares S&P Smallcap 600 Growt46428788748,638$6.1M0.24%
129Medtronic PLCMDT66,882$6.0M0.24%
130Amgen IncAMGN18,239$5.7M0.23%
131Globant SAGLOB47,909$5.6M0.22%
132Check Point Software TechnologCHKP24,399$5.6M0.22%
133Trade Desk Inc Cl A88339j105101,601$5.6M0.22%
134Ecolab IncECL21,777$5.5M0.22%
135Rockwell Automation IncROK21,328$5.5M0.22%
136AT&T IncT-PC188,785$5.3M0.21%
137Clorox CoCLX35,852$5.3M0.21%
138Airbus SE ADRAIIR118,763$5.2M0.21%
139Aflac IncAFL46,945$5.2M0.21%
140Target CorpTGT49,396$5.2M0.21%
141Kimberly-Clark CorpKMB35,248$5.0M0.20%
142TJX Companies Inc87254010940,714$5.0M0.20%
143Lockheed Martin CorpLMT10,905$4.9M0.19%
144Nestle SA ADR64106940647,430$4.8M0.19%
145HDFC Bank Ltd ADRHDB70,385$4.7M0.19%
146Experian PLC ADR30215c101101,070$4.7M0.19%
147Shell PLC ADRRYDAF63,060$4.6M0.18%
148Colgate-Palmolive CoCL49,200$4.6M0.18%
149Lonza Group AG ADR54338v10174,370$4.6M0.18%
150Dassault Systemes SE ADR237545108120,425$4.5M0.18%
151Invesco S&P 500 Eq Wt ETFIVZ25,885$4.5M0.18%
152iShares S&P Smallcap 600 Value46428787945,536$4.4M0.18%
153Vanguard Total Intl Stk ETF92190976870,575$4.4M0.17%
154iShares Russell 1000 Value ETF46428759822,613$4.3M0.17%
155NICE Ltd ADRNCSYF27,407$4.2M0.17%
156iShares MSCI EAFE ETF46428746549,530$4.0M0.16%
157Wal-Mart de Mexico SAB de CV A93114w107143,500$4.0M0.16%
158iShares Russell 1000 Growth ET46428761410,854$3.9M0.16%
159Caterpillar IncCAT11,810$3.9M0.16%
160Hershey CoHSY22,125$3.8M0.15%
161Capgemini SE ADR13961r100124,393$3.7M0.15%
162Air Products & Chemicals IncAIIR12,425$3.7M0.15%
163Public Storage REITPSA-PS11,571$3.5M0.14%
164Best Buy Co IncBBY44,315$3.3M0.13%
165Canadian National Railway Co13637510233,409$3.3M0.13%
166Realty Income CorpO51,595$3.0M0.12%
167Iron Mountain IncIRM34,716$3.0M0.12%
168American Express CoAXP10,938$2.9M0.12%
169ICON PLCICLR16,815$2.9M0.12%
170Cogent Communications HoldingsCCOI45,185$2.8M0.11%
171Travelers Companies IncTRV10,139$2.7M0.11%
172Alphabet Inc Cl CGOOG16,952$2.6M0.11%
173Honeywell International Inc43851610612,472$2.6M0.11%
174Dow IncDOW71,611$2.5M0.10%
175Berkshire Hathaway Inc Cl ABRK-A3$2.4M0.10%
176Pinnacle West Capital CorpPNW24,525$2.3M0.09%
177Oracle CorpORCL-PD15,835$2.2M0.09%
178Nordson CorpNDSN10,573$2.1M0.08%
179BP PLC ADRBPPFF62,833$2.1M0.08%
180Gentex CorpGNTX87,200$2.0M0.08%
181iShares S&P MidCap 40046428750733,060$1.9M0.08%
182NextEra Energy IncNEE-PW24,030$1.7M0.07%
183Intel CorpINTC73,955$1.7M0.07%
184Cardinal Health IncCAH12,028$1.7M0.07%
185QUALCOMM IncQCOM10,685$1.6M0.07%
186Deere & CoDE3,456$1.6M0.06%
187Ford Motor Co345370860158,861$1.6M0.06%
188iShares Russell 2000 ETF4642876557,951$1.6M0.06%
189Thermo Fisher Scientific IncTMO3,163$1.6M0.06%
190Applied Materials Inc03822210510,598$1.5M0.06%
191Motorola Solutions IncMSI3,357$1.5M0.06%
192GE Aerospace3696043017,298$1.5M0.06%
193Comerica Inc20034010724,187$1.4M0.06%
194ConocoPhillipsCOP13,553$1.4M0.06%
195iShares Gold TrustIAU22,024$1.3M0.05%
196Neogen CorpNEOG145,300$1.3M0.05%
197Progressive Corp7433151034,330$1.2M0.05%
198iShares S&P 500 Value ETF4642874086,261$1.2M0.05%
199DTE Energy CoDTK8,585$1.2M0.05%
200Airbnb Inc Cl AABNB9,900$1.2M0.05%
201Sysco CorpSYY14,550$1.1M0.04%
202Blackstone IncBX7,802$1.1M0.04%
203Eaton Corp PLCETN3,791$1.0M0.04%
204Toro CoTORO13,710$997,4020.04%
205Lowe's Companies Inc5486611074,179$974,6680.04%
206iShares Intermediate Gov/Credi4642886129,091$963,8280.04%
207Allstate CorpALL-PJ4,400$911,1080.04%
208Illinois Tool Works Inc4523081093,586$889,3640.04%
209Dominion Energy IncD15,741$882,5980.04%
210Adobe IncADBE2,297$880,9680.04%
211Palantir Technologies Inc Cl APLTR10,400$877,7600.03%
212W.W. Grainger Inc384802104880$869,2900.03%
213Vanguard S&P 500 ETF9229083631,661$853,4700.03%
214Goldman Sachs Group IncGSCE1,502$820,5280.03%
215iShares Russell 1000 ETF4642876222,641$810,1000.03%
216DuPont de Nemours IncDD10,596$791,3030.03%
217United Parcel Service IncUPS7,075$778,1790.03%
218Yum! Brands IncYUM4,880$767,9170.03%
219CMS Energy CorpCMS-PC10,122$760,2630.03%
220Philip Morris International In7181721094,775$757,9360.03%
221Globus Medical IncGMED10,338$756,7420.03%
222iShares S&P 500 Growth ETF4642873098,002$742,8260.03%
223Analog Devices IncADI3,447$695,1560.03%
224RPM International Inc7496851035,850$676,7280.03%
225PPG Industries Inc6935061076,054$662,0050.03%
226FedEx CorpFDX2,668$650,4050.03%
227Cincinnati Financial Corp1720621014,323$638,5940.03%
228Snap-on IncSNA1,888$636,2750.03%
229Huntington Bancshares IncHBANP42,119$632,2060.03%
230Fortinet IncFTNT6,410$617,0270.02%
231Altria Group IncMO10,250$615,2050.02%
232Enbridge IncENNPF13,705$606,5390.02%
233GE Vernova IncGEV1,962$598,9590.02%
234Ingredion IncINGR4,415$596,9520.02%
235PayPal Holdings IncPYPL8,945$583,6610.02%
236SPDR S&P 500 ETF TrustSPY1,036$579,5280.02%
237SPDR Gold SharesGLD1,959$564,4660.02%
238Exelon CorpEXC12,050$555,2640.02%
239iShares Core S&P 500 ETF464287200966$542,7540.02%
240Avery Dennison CorpAVY3,035$540,1390.02%
241Genuine Parts CoGPC4,491$535,0580.02%
242Vanguard Intermediate-Term Cor92206c8706,414$524,3950.02%
243Parker-Hannifin CorpPH855$519,7120.02%
244iShares 1-3 Year Treasury Bond4642874576,263$518,1380.02%
245Marathon Petroleum CorpMPC3,475$506,2730.02%
246ProShares S&P 500 Div Aristocr74348a4674,910$501,7040.02%
247DT Midstream IncDTM5,078$489,9250.02%
248McCormick & Co IncMKC-V5,710$469,9900.02%
249S&P Global IncSPGI915$464,9110.02%
250Consolidated Edison IncED4,152$459,1700.02%
251Waste Management IncWM1,800$416,7180.02%
252Carrier Global CorpCARR6,306$399,8000.02%
253Mercantile Bank Corp5873761049,189$399,1700.02%
254Valero Energy CorpVLO3,000$396,2100.02%
255Newmont CorpNEMCL8,200$395,8960.02%
256Danaher Corp2358511021,927$395,0350.02%
257Tesla IncTSLA1,507$390,5540.02%
258Donaldson Co IncDCI5,800$388,9480.02%
259Essex Property Trust Inc2971781051,200$367,8840.01%
260Comcast Corp Cl ACCZ9,484$349,9600.01%
261Corning IncGLW7,600$347,9280.01%
262Expeditors Int'l of WA3021301092,850$342,7120.01%
263VF CorpVFC21,960$340,8190.01%
264InterContinental Hotels GroupINTR3,000$328,7700.01%
265Becton Dickinson and CoBDX1,423$325,9520.01%
266SPDR Index Dvlpd Wrld Ex-US ET78463x8898,791$320,0890.01%
267STERIS PLCSTE1,408$319,1230.01%
268Flutter Entertainment PLCFLUT1,363$301,9730.01%
269Pentair PLCPNR3,409$298,2190.01%
270Boston Scientific CorpBSX2,925$295,0740.01%
271Shopify Inc Cl ASHOP3,090$295,0330.01%
272Baxter International Inc0718131098,500$290,9550.01%
273General Mills Inc3703341044,785$286,0950.01%
274Private Bancorp of America Inc74274f1005,200$285,5320.01%
275Stanley Black & Decker IncSWK3,675$282,5340.01%
276Kraft Heinz CoKHC9,013$274,2660.01%
277GlaxoSmithKline ADRGLAXF7,060$273,5040.01%
278General Motors Co37045v1005,750$270,4220.01%
279Martin Marietta Materials Inc573284106560$267,7530.01%
280Garmin LtdGRMN1,213$263,3790.01%
281iShares S&P Smallcap 6004642878042,494$260,7980.01%
282Cintas CorpCTAS1,200$246,6360.01%
283Charles Schwab CorpSCHW-PJ3,149$246,5040.01%
284iShares S&P PFD Stock Fund4642886877,750$238,1570.01%
285iShares Broad USD Inv Grade Co4642886204,508$230,2690.01%
286American Electric Power Co Inc0255371012,050$224,0030.01%
287Phillips 66PSX1,813$223,8690.01%
288Unilever PLC ADRUNLYF3,735$222,4190.01%
289Brown-Forman Corp Cl BBF-B6,500$220,6100.01%
290SPDR S&P 600 Small Cap Value E78464a3002,800$219,5200.01%
291Cameco CorpCCJ5,230$215,2670.01%
292ProShares S&P 400 MidCap Div A74347b6802,650$213,7220.01%
293iShares DJ Select DVD Index4642871681,567$210,4320.01%
294Zscaler IncZS1,050$208,3410.01%
295Constellation Energy CorpCEG1,016$204,8560.01%
296First Horizon CorpFHN-PH10,500$203,9100.01%
297Otis Worldwide CorpOTIS1,970$203,3040.01%
298Delta Air Lines IncDAL4,612$201,0830.01%
299VanEck Gold Miners ETF92189f1064,365$200,6590.01%
300Esperion Therapeutics IncESPR22,000$31,6800.00%
301Wallbridge Mining Co Ltd93239710210,000$3820.00%
302Invesco Van Kampen Muni.Op.TrIVZ43,613$00.00%