Live Markets
Wednesday, July 29, 2026·George Town, KY·29°·Partly Cloudy
Markets Open · NYSE·Newsletter·Masthead·
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 2025 · Filed February 12, 2026 · Accession 0001942364-26-000001

Total Value
$2.79B
Positions
307
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (307)

#IssuerTicker / CUSIPSharesValue% of Filing
1Microsoft CorpMSFT255,805$123.7M4.44%
2Apple IncAAPL415,934$113.1M4.06%
3NVIDIA CorpNVDA575,144$107.3M3.85%
4Broadcom IncAVGO250,134$86.6M3.10%
5Alphabet Inc Cl AGOOG256,809$80.4M2.88%
6Eli Lilly and CoLLY63,839$68.6M2.46%
7Wells Fargo & Co949746101522,898$48.7M1.75%
8Bank of America Corp060505104802,117$44.1M1.58%
9Bank of New York Mellon Corp064058100370,894$43.1M1.54%
10Visa Inc Cl AV117,152$41.1M1.47%
11Monolithic Power Systems Inc60983910536,210$32.8M1.18%
12JPMorgan Chase & CoVYLD99,154$31.9M1.15%
13Amazon.com IncAMZN136,907$31.6M1.13%
14PepsiCo IncPEP201,961$29.0M1.04%
15Advanced Micro Devices IncAMD130,890$28.0M1.01%
16Boeing CoBA-PA128,203$27.8M1.00%
17Hershey CoHSY146,663$26.7M0.96%
18Exxon Mobil CorpXOM218,765$26.3M0.94%
19HEICO CorpHEI-A81,229$26.3M0.94%
20Meta Platforms IncMETA39,478$26.1M0.93%
21Walmart IncWMT230,977$25.7M0.92%
22AbbVie IncABBV106,623$24.4M0.87%
23Amphenol Corp Cl A032095101176,973$23.9M0.86%
24WEC Energy Group IncWEC226,072$23.8M0.86%
25Corteva IncCTVA355,348$23.8M0.85%
26Oracle CorpORCL-PD118,541$23.1M0.83%
27iShares MSCI Europe Financials464289180591,875$22.0M0.79%
28IDEXX Laboratories Inc45168d10431,825$21.5M0.77%
29IBMINTR71,351$21.1M0.76%
30Costco Wholesale CorpCOST24,316$21.0M0.75%
31Mastercard Inc Cl AMA36,098$20.6M0.74%
32Autodesk IncADSK69,255$20.5M0.74%
33Penumbra IncPEN65,763$20.4M0.73%
34Xcel Energy IncXELLL270,305$20.0M0.72%
35Stryker CorpSYK54,662$19.2M0.69%
36Casey's General Stores Inc14752810334,565$19.1M0.69%
37Johnson & JohnsonJNJ91,393$18.9M0.68%
38Intuitive Surgical IncISRG31,493$17.8M0.64%
39Taiwan Semiconductor Mfg Co Lt87403910058,235$17.7M0.63%
40WESCO Int'l95082p10571,716$17.5M0.63%
41Fastenal CoFAST436,537$17.5M0.63%
42Neurocrine Biosciences IncNBIX122,278$17.3M0.62%
43General Dynamics CorpGD51,017$17.2M0.62%
44iShares MSCI Emerging Markets464287234313,056$17.1M0.61%
45Marvell Technology IncMRVL193,137$16.4M0.59%
46Workday Inc Cl AWDAY75,728$16.3M0.58%
47Republic Services Inc76075910074,765$15.8M0.57%
48Chevron CorpCVX103,756$15.8M0.57%
49Chubb LtdCB50,591$15.8M0.57%
50ServiceNow IncNOW102,605$15.7M0.56%
51Airbus SE ADRAIIR269,338$15.7M0.56%
52Citigroup IncC-PR133,888$15.6M0.56%
53Veeva Systems IncVEEV68,947$15.4M0.55%
54Home Depot IncHD43,635$15.0M0.54%
55Intuit IncINTU22,382$14.8M0.53%
56Axon Enterprise IncAXON25,843$14.7M0.53%
57Johnson Controls Int'lJCI121,294$14.5M0.52%
58Merck & Co IncMRK135,818$14.3M0.51%
59CrowdStrike Holdings IncCRWD30,363$14.2M0.51%
60Vanguard US Tot Mkt ETF92290876941,760$14.0M0.50%
61BlackRock IncBLK12,763$13.7M0.49%
62Duke Energy CorpDUKB116,198$13.6M0.49%
63ResMed IncRSMDF55,525$13.4M0.48%
64Cummins IncCMI25,719$13.1M0.47%
65Intercontinental Exchange IncICE80,770$13.1M0.47%
66PNC Financial Services Group I69347510561,981$12.9M0.46%
67State Street CorpSTT-PG98,864$12.8M0.46%
68Gildan Activewear IncGIL202,755$12.7M0.45%
69Xylem IncXYL92,770$12.6M0.45%
70Yum! Brands IncYUM83,438$12.6M0.45%
71Ross Stores IncROST68,971$12.4M0.45%
72Linde PLCLIN29,057$12.4M0.44%
73Palo Alto Networks IncPANW66,601$12.3M0.44%
74Principal Financial Group Inc74251v102137,953$12.2M0.44%
75T-Mobile US IncTMUSZ59,412$12.1M0.43%
76MSCI IncMSCI20,718$11.9M0.43%
77Walt Disney Co254687106102,552$11.7M0.42%
78Gilead Sciences IncGILD94,596$11.6M0.42%
79Uber Technologies IncUBER141,594$11.6M0.41%
80DSV A/S ADR26251a10890,319$11.5M0.41%
81Cisco Systems IncCSCO148,783$11.5M0.41%
823M CoMMM70,885$11.3M0.41%
83SLB LtdSLB290,273$11.1M0.40%
84Sherwin-Williams CoSHW34,146$11.1M0.40%
85Coca-Cola CoKO156,051$10.9M0.39%
86Nintendo Co Ltd ADRNODK639,958$10.8M0.39%
87Netflix IncNFLX114,694$10.8M0.39%
88AstraZeneca PLCAZN116,470$10.7M0.38%
89MTU Aero Engines AG ADR62473g10251,014$10.6M0.38%
90ASML Holding NV ADRASMLF9,943$10.6M0.38%
91Vanguard Total Bond Market ETF921937835138,000$10.2M0.37%
92WisdomTree Europe Hedged EquitWT192,280$10.2M0.37%
93Procter & Gamble Co74271810971,183$10.2M0.37%
94Union Pacific CorpUNP44,051$10.2M0.37%
95Terreno Realty CorpTRNO172,942$10.2M0.36%
96Texas Instruments Inc88250810458,271$10.1M0.36%
97iShares MSCI Japan ETF46434g822125,145$10.1M0.36%
98Salesforce IncCRM37,780$10.0M0.36%
99Mondelez International Inc609207105185,582$10.0M0.36%
100Nokia Corp ADRNOKBF1,521,940$9.8M0.35%
101Edwards Lifesciences CorpEW115,153$9.8M0.35%
102Starbucks CorpSBUX115,188$9.7M0.35%
103Marsh & McLennan Companies IncMRSH52,153$9.7M0.35%
104HDFC Bank Ltd ADRHDB264,399$9.7M0.35%
105Pfizer IncPFE380,959$9.5M0.34%
106Atlassian CorpTEAM58,462$9.5M0.34%
107Southern CoSOMN105,740$9.2M0.33%
108Lonza Group AG ADR54338v101135,300$9.2M0.33%
109Emerson Electric CoEMR68,323$9.1M0.33%
110Corpay IncCPAY28,954$8.7M0.31%
111UnitedHealth Group IncUNH25,970$8.6M0.31%
112Vertex Pharmaceuticals Inc92532f10018,742$8.5M0.30%
113Experian PLC ADR30215c101182,492$8.3M0.30%
114Accenture Plc Cl AACN30,401$8.2M0.29%
115RTX CorpRTX44,463$8.2M0.29%
116Verizon Communications IncVZ200,064$8.1M0.29%
117CME Group IncCME29,771$8.1M0.29%
118Welltower IncWELL42,797$7.9M0.28%
119Agilent Technologies IncA57,965$7.9M0.28%
120Automatic Data Processing IncADP30,360$7.8M0.28%
121Abbott LabsABLZF60,422$7.6M0.27%
122Barclays PLC ADRBCLYF295,196$7.5M0.27%
123McDonald's CorpMCD24,576$7.5M0.27%
124Rockwell Automation IncROK18,432$7.2M0.26%
125Tyler Technologies IncTYL15,361$7.0M0.25%
126Spire IncSRJN83,914$6.9M0.25%
127Berkshire Hathaway Inc Cl BBRK-A13,694$6.9M0.25%
128Zoetis IncZTS54,065$6.8M0.24%
129Medtronic PLCMDT67,802$6.5M0.23%
130Bristol-Myers Squibb CoCELG-RI117,767$6.4M0.23%
131CoStar Group IncCSGP94,063$6.3M0.23%
132Best Buy Co IncBBY93,050$6.2M0.22%
133Iron Mountain IncIRM71,985$6.0M0.21%
134Amgen IncAMGN18,143$5.9M0.21%
135Caterpillar IncCAT10,240$5.9M0.21%
136Invesco S&P 500 Eq Wt ETFIVZ30,225$5.8M0.21%
137iShares S&P Smallcap 600 Growt46428788740,970$5.8M0.21%
138TJX Companies Inc87254010937,056$5.7M0.20%
139Lockheed Martin CorpLMT11,506$5.6M0.20%
140Vanguard Total Intl Stk ETF92190976871,229$5.4M0.19%
141DBS Group Holdings Ltd ADR23304y10030,531$5.4M0.19%
142Weyerhaeuser CoWY225,654$5.3M0.19%
143Ecolab IncECL20,239$5.3M0.19%
144Aflac IncAFL46,395$5.1M0.18%
145Alphabet Inc Cl CGOOG16,157$5.1M0.18%
146MercadoLibre IncMELI2,513$5.1M0.18%
147Kinder Morgan IncEP-PC181,945$5.0M0.18%
148Brookfield Asset Management Lt11300410592,942$4.9M0.17%
149Anheuser-Busch Inbev ADRBUDFF73,030$4.7M0.17%
150Techtronic Industries Co Ltd A87873r10180,490$4.6M0.17%
151Wal-Mart de Mexico SAB de CV A93114w107145,785$4.5M0.16%
152Shell PLC ADRRYDAF61,605$4.5M0.16%
153Paychex IncPAYX40,079$4.5M0.16%
154Dominion Energy IncD74,991$4.4M0.16%
155Check Point Software TechnologCHKP23,501$4.4M0.16%
156AT&T IncT-PC175,131$4.4M0.16%
157London Stock Exchange ADR54211y107141,684$4.3M0.15%
158Clorox CoCLX40,954$4.1M0.15%
159Vanguard S&P 500 ETF9229083636,566$4.1M0.15%
160CVS Health CorpCVS51,236$4.1M0.15%
161iShares MSCI EAFE ETF46428746542,338$4.1M0.15%
162Daiichi Sankyo Co Ltd ADR23381d102186,590$4.0M0.14%
163iShares S&P Smallcap 600 Value46428787934,694$3.9M0.14%
164Nestle SA ADR64106940637,682$3.7M0.13%
165Colgate-Palmolive CoCL46,725$3.7M0.13%
166American Express CoAXP9,642$3.6M0.13%
167Viper Energy IncVNOM89,465$3.5M0.12%
168iShares Russell 1000 Value ETF46428759815,913$3.3M0.12%
169iShares Russell 1000 Growth ET4642876147,033$3.3M0.12%
170Realty Income CorpO57,863$3.3M0.12%
171Canadian National Railway Co13637510232,769$3.2M0.12%
172Air Products & Chemicals IncAIIR12,712$3.1M0.11%
173Public Storage REITPSA-PS11,835$3.1M0.11%
174Nordson CorpNDSN11,878$2.9M0.10%
175Intel CorpINTC70,675$2.6M0.09%
176Target CorpTGT26,026$2.5M0.09%
177Travelers Companies IncTRV8,487$2.5M0.09%
178Gentex CorpGNTX98,340$2.3M0.08%
179Honeywell International Inc43851610611,721$2.3M0.08%
180iShares Gold TrustIAU27,524$2.2M0.08%
181GE Aerospace3696043017,156$2.2M0.08%
182Pinnacle West Capital CorpPNW24,500$2.2M0.08%
183BP PLC ADRBPPFF62,126$2.2M0.08%
184Applied Materials Inc0382221058,268$2.1M0.08%
185iShares S&P MidCap 40046428750731,071$2.1M0.07%
186NextEra Energy IncNEE-PW25,273$2.0M0.07%
187Cardinal Health IncCAH9,403$1.9M0.07%
188Ford Motor Co345370860145,901$1.9M0.07%
189Thermo Fisher Scientific IncTMO3,283$1.9M0.07%
190Kimberly-Clark CorpKMB17,017$1.7M0.06%
191Comerica Inc20034010719,542$1.7M0.06%
192Deere & CoDE3,606$1.7M0.06%
193QUALCOMM IncQCOM9,679$1.7M0.06%
194Palantir Technologies Inc Cl APLTR8,990$1.6M0.06%
195Berkshire Hathaway Inc Cl ABRK-A2$1.5M0.05%
196iShares S&P Smallcap 60046428780411,795$1.4M0.05%
197Airbnb Inc Cl AABNB9,900$1.3M0.05%
198Goldman Sachs Group IncGSCE1,486$1.3M0.05%
199GE Vernova IncGEV1,984$1.3M0.05%
200Motorola Solutions IncMSI3,357$1.3M0.05%
201ConocoPhillipsCOP13,196$1.2M0.04%
202Blackstone IncBX8,002$1.2M0.04%
203SPDR Gold SharesGLD3,025$1.2M0.04%
204iShares Russell 2000 ETF4642876554,777$1.2M0.04%
205iShares S&P 500 Growth ETF4642873099,325$1.1M0.04%
206iShares S&P 500 Value ETF4642874085,288$1.1M0.04%
207iShares Intermediate Gov/Credi46428861210,125$1.1M0.04%
208DTE Energy CoDTK8,174$1.1M0.04%
209Lowe's Companies Inc5486611074,354$1.1M0.04%
210Sysco CorpSYY13,450$991,1300.04%
211Progressive Corp7433151034,143$943,4440.03%
212W.W. Grainger Inc384802104905$913,1900.03%
213iShares Russell 1000 ETF4642876222,439$910,8200.03%
214Illinois Tool Works Inc4523081093,669$903,6750.03%
215Allstate CorpALL-PJ4,100$853,4150.03%
216Globus Medical IncGMED9,658$843,2400.03%
217Eaton Corp PLCETN2,591$825,2590.03%
218FedEx CorpFDX2,780$803,0310.03%
219Newmont CorpNEMCL8,000$798,8000.03%
220Analog Devices IncADI2,847$772,1060.03%
221Adobe IncADBE2,202$770,6780.03%
222Huntington Bancshares IncHBANP42,093$730,3140.03%
223Corning IncGLW8,100$709,2360.03%
224RPM International Inc7496851036,700$696,8000.02%
225Cincinnati Financial Corp1720621014,248$693,7830.02%
226State Street SPDR S&P 500 ETFSPY982$669,6450.02%
227Parker-Hannifin CorpPH755$663,6150.02%
228Philip Morris International In7181721093,975$637,5900.02%
229iShares 1-3 Year Treasury Bond4642874577,388$611,8740.02%
230iShares Core S&P 500 ETF464287200893$611,6510.02%
231Enbridge IncENNPF12,456$596,8990.02%
232Shopify Inc Cl ASHOP3,685$593,1740.02%
233Altria Group IncMO10,150$585,2490.02%
234DT Midstream IncDTM4,796$573,9850.02%
235Toro CoTORO6,905$543,5620.02%
236Snap-on IncSNA1,573$542,0560.02%
237Neogen CorpNEOG76,750$536,4820.02%
238Marathon Petroleum CorpMPC3,264$530,8240.02%
239PayPal Holdings IncPYPL8,890$518,9980.02%
240Exelon CorpEXC11,900$518,7210.02%
241Cameco CorpCCJ5,660$517,8330.02%
242PPG Industries Inc6935061075,054$517,8330.02%
243Avery Dennison CorpAVY2,735$497,4420.02%
244Fortinet IncFTNT6,235$495,1210.02%
245CMS Energy CorpCMS-PC7,000$489,5100.02%
246Valero Energy CorpVLO3,000$488,3700.02%
247Donaldson Co IncDCI5,400$478,7640.02%
248McCormick & Co IncMKC-V7,010$477,4510.02%
249Roper Technologies IncROP1,034$460,2640.02%
250Expeditors Int'l of WA3021301093,050$454,4800.02%
251Waste Management IncWM2,040$448,2080.02%
252Mercantile Bank Corp5873761049,189$441,9910.02%
253S&P Global IncSPGI840$438,9760.02%
254United Parcel Service IncUPS4,400$436,4360.02%
255ProShares S&P 500 Div Aristocr74348a4674,160$432,9310.02%
256InterContinental Hotels GroupINTR3,000$422,4900.02%
257Genuine Parts CoGPC3,191$392,3650.01%
258SPDR Index Dvlpd Wrld Ex-US ET78463x8898,701$386,4110.01%
259Consolidated Edison IncED3,850$382,3820.01%
260Tesla IncTSLA837$376,4160.01%
261First Horizon CorpFHN-PH15,200$363,2800.01%
262STERIS PLCSTE1,408$356,9560.01%
263VanEck Gold Miners ETF92189f1064,130$354,2300.01%
264Pentair PLCPNR3,400$354,0760.01%
265Danaher Corp2358511021,528$349,7900.01%
266Constellation Energy CorpCEG931$328,8940.01%
267Carrier Global CorpCARR6,128$323,8040.01%
268Qnity Electronics IncQ3,940$321,7220.01%
269General Motors Co37045v1003,870$314,7080.01%
270Charles Schwab CorpSCHW-PJ3,149$314,6170.01%
271Delta Air Lines IncDAL4,525$314,0350.01%
272Essex Property Trust Inc2971781051,200$314,0160.01%
273Vanguard Intermediate-Term Cor92206c8703,655$306,1060.01%
274J.M. Smucker Co8326964053,100$303,2110.01%
275Private Bancorp of America Inc74274f1005,200$299,1560.01%
276Flutter Entertainment PLCFLUT1,363$293,1000.01%
277DuPont de Nemours IncDD7,289$293,0240.01%
278Zscaler IncZS1,250$281,1500.01%
279Evercore Inc29977a105800$272,2000.01%
280iShares Broad USD Inv Grade Co4642886205,158$267,0300.01%
281SPDR S&P 600 Small Cap Value E78464a3002,800$254,7160.01%
282Eversource EnergyES3,657$246,2260.01%
283Boston Scientific CorpBSX2,553$243,4290.01%
284Garmin LtdGRMN1,193$242,0000.01%
285Comcast Corp Cl ACCZ8,071$241,2420.01%
286Bank OZKOZKAP5,200$239,3040.01%
287Atmos Energy CorpATO1,425$238,8730.01%
288Kraft Heinz CoKHC9,783$237,2380.01%
289American Electric Power Co Inc0255371012,050$236,3850.01%
290Astera Labs Inc04626a1031,400$232,9040.01%
291Dow IncDOW9,789$228,8670.01%
292Heico Corp Cl AHEI-A900$227,1870.01%
293Valley National Bancorp91979410719,450$227,1760.01%
294ProShares S&P 400 MidCap Div A74347b6802,650$223,1830.01%
295iShares DJ Select DVD Index4642871681,567$221,1660.01%
296Novartis AG ADRNVSEF1,598$220,3160.01%
297SS SPDR Semiconductor ETF78464a862680$218,6880.01%
298Unilever PLC ADRUNLYF3,319$217,0630.01%
299Nike IncNKE3,350$213,4280.01%
300SPDR Bloomberg High Yield Bond78468r6222,176$211,5290.01%
301Calamos Strat Tot Return FdCSQ10,885$208,9920.01%
302Vanguard Mid-Cap ETF922908629715$207,5070.01%
303General Mills Inc3703341044,310$200,4150.01%
304Ingredion IncINGR1,815$200,1220.01%
305Esperion Therapeutics IncESPR22,000$81,4000.00%
306Wallbridge Mining Co Ltd93239710210,000$6560.00%
307Invesco Van Kampen Muni.Op.TrIVZ43,613$00.00%