# EDGAR Filing Document

**Accession Number:** 0001541399
**File Stem:** 0001541399-25-000006
**Filing Date:** 2025-7
**Character Count:** 11473
**Document Hash:** 5365018aeb08ac5bdb28a8db3e14f342
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001541399-25-000006.hdr.sgml**: 20250731

**ACCESSION NUMBER**: 0001541399-25-000006

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250731

**DATE AS OF CHANGE**: 20250731

**EFFECTIVENESS DATE**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ramsay, Stattman, Vela & Price, Inc.
- **CENTRAL INDEX KEY:** 0001541399

**ORGANIZATION NAME:**
- **EIN:** 800701468
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14658
- **FILM NUMBER:** 251170788

**BUSINESS ADDRESS:**
- **STREET 1:** 2 N. CASCADE AVE., SUITE 810
- **CITY:** COLORADO SPRINGS
- **STATE:** CO
- **ZIP:** 80903
- **BUSINESS PHONE:** 719-473-6925

**MAIL ADDRESS:**
- **STREET 1:** 2 N. CASCADE AVE., SUITE 810
- **CITY:** COLORADO SPRINGS
- **STATE:** CO
- **ZIP:** 80903

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Ramsay Stattman Vela  Price Inc.<br>**Address:** 2 N. CASCADE AVE. SUITE 810<br>COLORADO SPRINGS, CO 80903

**Form 13F File Number:** 028-14658

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Frederick Stattman<br>**Title:** Vice President<br>**Phone:** 719-473-6925

**Signature, Place, and Date of Signing:**

Frederick Stattman  Colorado Springs, CO  07-31-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 80

**Form 13F Information Table Value Total:** $535537366

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ASML Holding N.V. | COM | N07059210 |  | 3228800 | 4029 | SH |  | SOLE |  | 799 | 0 | 3230 |
| AT Inc. | COM | 00206R102 |  | 440322 | 15215 | SH |  | SOLE |  | 13945 | 0 | 1270 |
| Abbott Laboratories | COM | 002824100 |  | 14726483 | 108275 | SH |  | SOLE |  | 30521 | 0 | 77754 |
| Adobe Inc. | COM | 00724f101 |  | 4677379 | 12090 | SH |  | SOLE |  | 9975 | 0 | 2115 |
| Advanced Micro Devices | COM | 007903107 |  | 766260 | 5400 | SH |  | SOLE |  | 5400 | 0 | 0 |
| Air Products | COM | 009158106 |  | 4858484 | 17225 | SH |  | SOLE |  | 7190 | 0 | 10035 |
| Alphabet Inc. Cl. A | COM | 02079k305 |  | 7235299 | 41056 | SH |  | SOLE |  | 34530 | 0 | 6526 |
| Alphabet Inc. Cl. C | COM | 02079k107 |  | 18309309 | 103215 | SH |  | SOLE |  | 28702 | 0 | 74513 |
| Amazon.com | COM | 023135106 |  | 17081486 | 77859 | SH |  | SOLE |  | 53150 | 0 | 24709 |
| American Express Co. | COM | 025816109 |  | 390751 | 1225 | SH |  | SOLE |  | 0 | 0 | 1225 |
| Apple Inc. | COM | 037833100 |  | 35470763 | 172885 | SH |  | SOLE |  | 70145 | 0 | 102740 |
| Applied Materials | COM | 038222105 |  | 4598352 | 25118 | SH |  | SOLE |  | 22210 | 0 | 2908 |
| Automatic Data Proc. | COM | 053015103 |  | 17216637 | 55826 | SH |  | SOLE |  | 16990 | 0 | 38836 |
| Avantis US Equity ETF | COM | 025072885 |  | 248622 | 2466 | SH |  | SOLE |  | 0 | 0 | 2466 |
| Becton Dickinson | COM | 075887109 |  | 4978370 | 28902 | SH |  | SOLE |  | 14505 | 0 | 14397 |
| Berkshire Hathaway Cl. B | COM | 084670702 |  | 23665743 | 48718 | SH |  | SOLE |  | 14677 | 0 | 34041 |
| Bristol-Myers Squibb | COM | 110122108 |  | 730225 | 15775 | SH |  | SOLE |  | 11675 | 0 | 4100 |
| Caterpillar Inc. | COM | 149123101 |  | 504673 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| Charles Schwab Corp. | COM | 808513105 |  | 1104643 | 12107 | SH |  | SOLE |  | 1605 | 0 | 10502 |
| Chevron Corp. | COM | 166764100 |  | 6151299 | 42959 | SH |  | SOLE |  | 23938 | 0 | 19021 |
| Cisco Systems | COM | 17275r102 |  | 6172045 | 88960 | SH |  | SOLE |  | 53295 | 0 | 35665 |
| Coca-Cola Co. | COM | 191216100 |  | 10051806 | 142075 | SH |  | SOLE |  | 34088 | 0 | 107987 |
| Colgate-Palmolive | COM | 194162103 |  | 4214669 | 46366 | SH |  | SOLE |  | 4990 | 0 | 41376 |
| Core S 500 iShares | COM | 464287200 |  | 306104 | 493 | SH |  | SOLE |  | 280 | 0 | 213 |
| Costco Wholesale | COM | 22160k105 |  | 13288955 | 13424 | SH |  | SOLE |  | 6132 | 0 | 7292 |
| Danaher Corp. | COM | 235851102 |  | 12799209 | 64793 | SH |  | SOLE |  | 17241 | 0 | 47552 |
| Diageo plc ADR | COM | 25243q205 |  | 494318 | 4902 | SH |  | SOLE |  | 1240 | 0 | 3662 |
| Emerson Electric | COM | 291011104 |  | 10270677 | 77032 | SH |  | SOLE |  | 21475 | 0 | 55557 |
| Estee Lauder Cos. Cl. A | COM | 518439104 |  | 219776 | 2720 | SH |  | SOLE |  | 2220 | 0 | 500 |
| Exxon Mobil Corp. | COM | 30231G102 |  | 2656084 | 24639 | SH |  | SOLE |  | 4684 | 0 | 19955 |
| Vanguard FTSE Devel. Mkts. ETF | COM | 921943858 |  | 1389790 | 24378 | SH |  | SOLE |  | 4177 | 0 | 20201 |
| Vanguard FTSE Emerg. Mkts. ETF | COM | 922042858 |  | 1327160 | 26833 | SH |  | SOLE |  | 9500 | 0 | 17333 |
| FedEx Corp. | COM | 31428x106 |  | 3710836 | 16325 | SH |  | SOLE |  | 5272 | 0 | 11053 |
| Fiserv Inc. | COM | 337738108 |  | 14353477 | 83252 | SH |  | SOLE |  | 39596 | 0 | 43656 |
| Fortive Corp. | COM | 34959j108 |  | 973632 | 18677 | SH |  | SOLE |  | 2240 | 0 | 16437 |
| Home Depot Inc. | COM | 437076102 |  | 12484825 | 34052 | SH |  | SOLE |  | 18514 | 0 | 15538 |
| Honeywell International | COM | 438516106 |  | 217743 | 935 | SH |  | SOLE |  | 925 | 0 | 10 |
| IDEXX Laboratories | COM | 45168d104 |  | 2239220 | 4175 | SH |  | SOLE |  | 3795 | 0 | 380 |
| Illinois Tool Works | COM | 452308109 |  | 12450274 | 50355 | SH |  | SOLE |  | 11811 | 0 | 38544 |
| JPMorgan Chase | COM | 46625h100 |  | 2862861 | 9875 | SH |  | SOLE |  | 8800 | 0 | 1075 |
| Johnson  Johnson | COM | 478160104 |  | 11294573 | 73942 | SH |  | SOLE |  | 29320 | 0 | 44622 |
| Linde plc | COM | g54950103 |  | 8104615 | 17274 | SH |  | SOLE |  | 3119 | 0 | 14155 |
| MSCI EAFE iShares | COM | 464287465 |  | 5748850 | 64312 | SH |  | SOLE |  | 15150 | 0 | 49162 |
| MSCI Emerging Markets iShares | COM | 464287234 |  | 719017 | 14905 | SH |  | SOLE |  | 3200 | 0 | 11705 |
| McCormick  Co. | COM | 579780206 |  | 4404081 | 58086 | SH |  | SOLE |  | 9970 | 0 | 48116 |
| McDonald's Corp. | COM | 580135101 |  | 2195658 | 7515 | SH |  | SOLE |  | 6370 | 0 | 1145 |
| Merck  Co. | COM | 58933y105 |  | 1789728 | 22609 | SH |  | SOLE |  | 11760 | 0 | 10849 |
| Microsoft Corp. | COM | 594918104 |  | 53763057 | 108086 | SH |  | SOLE |  | 57845 | 0 | 50241 |
| Nestle S.A. ADR | COM | 641069406 |  | 6900754 | 69480 | SH |  | SOLE |  | 20570 | 0 | 48910 |
| Nike Inc. | COM | 654106103 |  | 5261436 | 74063 | SH |  | SOLE |  | 10790 | 0 | 63273 |
| Nvidia Corp. | COM | 67066g104 |  | 27287085 | 172714 | SH |  | SOLE |  | 133525 | 0 | 39189 |
| PNC Financial Services | COM | 693475105 |  | 1864200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| Palo Alto Networks | COM | 697435105 |  | 5928421 | 28970 | SH |  | SOLE |  | 25850 | 0 | 3120 |
| PepsiCo Inc. | COM | 713448108 |  | 11509531 | 87167 | SH |  | SOLE |  | 33470 | 0 | 53697 |
| Procter  Gamble | COM | 742718109 |  | 12554257 | 78799 | SH |  | SOLE |  | 29392 | 0 | 49407 |
| RTX Corporation | COM | 75513e101 |  | 1207585 | 8270 | SH |  | SOLE |  | 5071 | 0 | 3199 |
| Ralliant Corp. | COM | 750940108 |  | 301333 | 6214 | SH |  | SOLE |  | 746 | 0 | 5468 |
| Roper Technologies | COM | 776696106 |  | 2954937 | 5213 | SH |  | SOLE |  | 973 | 0 | 4240 |
| Russell 2000 iShares | COM | 464287655 |  | 8006025 | 37101 | SH |  | SOLE |  | 8180 | 0 | 28921 |
| S Core Mid-Cap iShares | COM | 464287507 |  | 9041214 | 145779 | SH |  | SOLE |  | 23314 | 0 | 122465 |
| S Core Small-Cap iShares | COM | 464287804 |  | 1281207 | 11723 | SH |  | SOLE |  | 2806 | 0 | 8917 |
| SPDR S 500 | COM | 78462f103 |  | 3738610 | 6051 | SH |  | SOLE |  | 1687 | 0 | 4364 |
| Starbucks Corp. | COM | 855244109 |  | 5922963 | 64640 | SH |  | SOLE |  | 16727 | 0 | 47913 |
| Stryker Corp. | COM | 863667101 |  | 19099038 | 48275 | SH |  | SOLE |  | 14677 | 0 | 33598 |
| Take-Two Interactive Software | COM | 874054109 |  | 364275 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| Target Corp. | COM | 87612e106 |  | 209631 | 2125 | SH |  | SOLE |  | 400 | 0 | 1725 |
| Tesla Inc. | COM | 88160r101 |  | 4008869 | 12620 | SH |  | SOLE |  | 10070 | 0 | 2550 |
| Thermo Fisher Scientific | COM | 883556102 |  | 6205565 | 15305 | SH |  | SOLE |  | 10176 | 0 | 5129 |
| U.S. Aerospace  Defense iShar | COM | 464288760 |  | 264096 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| United Rentals | COM | 911363109 |  | 395535 | 525 | SH |  | SOLE |  | 0 | 0 | 525 |
| Vanguard Info. Technology ETF | COM | 92204a702 |  | 1375643 | 2074 | SH |  | SOLE |  | 2040 | 0 | 34 |
| Vanguard Mid-Cap ETF | COM | 922908629 |  | 1391595 | 4973 | SH |  | SOLE |  | 4900 | 0 | 73 |
| Vanguard S 500 ETF | COM | 922908363 |  | 210563 | 371 | SH |  | SOLE |  | 0 | 0 | 371 |
| Visa Inc. | COM | 92826c839 |  | 19420525 | 54698 | SH |  | SOLE |  | 22592 | 0 | 32106 |
| Walmart Inc. | COM | 931142103 |  | 920794 | 9417 | SH |  | SOLE |  | 6260 | 0 | 3157 |
| Walt Disney Co. | COM | 254687106 |  | 6882183 | 55497 | SH |  | SOLE |  | 27607 | 0 | 27890 |
| Xcel Energy | COM | 98389b100 |  | 277167 | 4070 | SH |  | SOLE |  | 1200 | 0 | 2870 |
| Zimmer Biomet | COM | 98956p102 |  | 868866 | 9526 | SH |  | SOLE |  | 1200 | 0 | 8326 |
| Vanguard Shrt-Trm Corp. Bond ETF | COM | 92206c409 |  | 2736878 | 34426 | SH |  | SOLE |  | 11059 | 0 | 23367 |
| Vanguard Short-Term Infl. Prot ETF | COM | 922020805 |  | 259645 | 5165 | SH |  | SOLE |  | 5165 | 0 | 0 |

---