# EDGAR Filing Document

**Accession Number:** 0001942364
**File Stem:** 0001942364-25-000004
**Filing Date:** 2025-8
**Character Count:** 32970
**Document Hash:** 379aeaa554335dd1326392b4d56ba903
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001942364-25-000004.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0001942364-25-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250813

**DATE AS OF CHANGE**: 20250813

**EFFECTIVENESS DATE**: 20250813

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Azimuth Capital Investment Management LLC
- **CENTRAL INDEX KEY:** 0001942364

**ORGANIZATION NAME:**
- **EIN:** 874776421
- **STATE OF INCORPORATION:** MI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22605
- **FILM NUMBER:** 251209440

**BUSINESS ADDRESS:**
- **STREET 1:** 200 E. LONG LAKE ROAD
- **STREET 2:** SUITE 160
- **CITY:** BLOOMFIELD HILLS
- **STATE:** MI
- **ZIP:** 48304
- **BUSINESS PHONE:** 2484334000

**MAIL ADDRESS:**
- **STREET 1:** 200 E. LONG LAKE ROAD
- **STREET 2:** SUITE 160
- **CITY:** BLOOMFIELD HILLS
- **STATE:** MI
- **ZIP:** 48304

### 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:** Azimuth Capital Investment Management LLC<br>**Address:** 200 E. LONG LAKE ROAD<br>SUITE 160<br>BLOOMFIELD HILLS, MI 48304

**Form 13F File Number:** 028-22605

**CRD Number (if applicable):** 000319062

**SEC File Number (if applicable):** 801-123448

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:** Daniel McEnroe<br>**Title:** Senior Managing Director<br>**Phone:** 2484334000

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

Daniel McEnroe  Bloomfield Hills, MI  08-13-2025<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:** 299

**Form 13F Information Table Value Total:** $2687041836

      (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 |
| 3M Co | COM | 88579y101 |  | 10821849 | 71084 | SH |  | SOLE |  | 65739 | 0 | 5345 |
| ASML Holding NV ADR | COM | N07059210 |  | 10072671 | 12569 | SH |  | SOLE |  | 12476 | 0 | 93 |
| AT Inc | COM | 00206r102 |  | 5187784 | 179260 | SH |  | SOLE |  | 175710 | 0 | 3550 |
| AbbVie Inc | COM | 00287y109 |  | 20284084 | 109277 | SH |  | SOLE |  | 101042 | 0 | 8235 |
| Abbott Labs | COM | 002824100 |  | 8520165 | 62644 | SH |  | SOLE |  | 55944 | 0 | 6700 |
| Accenture Plc Cl A | COM | g1151c101 |  | 9577332 | 32043 | SH |  | SOLE |  | 31653 | 0 | 390 |
| Adobe Inc | COM | 00724f101 |  | 859647 | 2222 | SH |  | SOLE |  | 2222 | 0 | 0 |
| Advanced Micro Devices Inc | COM | 007903107 |  | 12026451 | 84753 | SH |  | SOLE |  | 84753 | 0 | 0 |
| Aflac Inc | COM | 001055102 |  | 4903363 | 46495 | SH |  | SOLE |  | 46495 | 0 | 0 |
| Agilent Technologies Inc | COM | 00846u101 |  | 6644791 | 56307 | SH |  | SOLE |  | 55607 | 0 | 700 |
| Air Products  Chemicals Inc | COM | 009158106 |  | 3472723 | 12312 | SH |  | SOLE |  | 12312 | 0 | 0 |
| Airbnb Inc Cl A | COM | 009066101 |  | 1310166 | 9900 | SH |  | SOLE |  | 9900 | 0 | 0 |
| Airbus SE ADR | COM | 009279100 |  | 9578675 | 184138 | SH |  | SOLE |  | 182806 | 0 | 1332 |
| Allstate Corp | COM | 020002101 |  | 865633 | 4300 | SH |  | SOLE |  | 4300 | 0 | 0 |
| Alphabet Inc Cl A | COM | 02079k305 |  | 47421554 | 269089 | SH |  | SOLE |  | 266464 | 0 | 2625 |
| Alphabet Inc Cl C | COM | 02079k107 |  | 2865203 | 16152 | SH |  | SOLE |  | 15252 | 0 | 900 |
| Altria Group Inc | COM | 02209s103 |  | 592163 | 10100 | SH |  | SOLE |  | 10100 | 0 | 0 |
| Amazon.com Inc | COM | 023135106 |  | 25866739 | 117903 | SH |  | SOLE |  | 116903 | 0 | 1000 |
| American Electric Power Co Inc | COM | 025537101 |  | 212708 | 2050 | SH |  | SOLE |  | 2050 | 0 | 0 |
| American Express Co | COM | 025816109 |  | 3376403 | 10585 | SH |  | SOLE |  | 10310 | 0 | 275 |
| Amgen Inc | COM | 031162100 |  | 5189118 | 18585 | SH |  | SOLE |  | 18450 | 0 | 135 |
| Amphenol Corp Cl A | COM | 032095101 |  | 18268651 | 184999 | SH |  | SOLE |  | 180279 | 0 | 4720 |
| Analog Devices Inc | COM | 032654105 |  | 725247 | 3047 | SH |  | SOLE |  | 3047 | 0 | 0 |
| Anheuser-Busch Inbev ADR | COM | 03524a108 |  | 4659766 | 67808 | SH |  | SOLE |  | 67308 | 0 | 500 |
| Apple Inc | COM | 037833100 |  | 77068134 | 375631 | SH |  | SOLE |  | 367346 | 0 | 8285 |
| Applied Materials Inc | COM | 038222105 |  | 1668317 | 9113 | SH |  | SOLE |  | 9113 | 0 | 0 |
| AstraZeneca PLC ADR | COM | 046353108 |  | 8034453 | 114975 | SH |  | SOLE |  | 114160 | 0 | 815 |
| Atlassian Corp | COM | 049468101 |  | 8809638 | 43378 | SH |  | SOLE |  | 43073 | 0 | 305 |
| Autodesk Inc | COM | 052769106 |  | 22415345 | 72408 | SH |  | SOLE |  | 72408 | 0 | 0 |
| Automatic Data Processing Inc | COM | 053015103 |  | 9637192 | 31249 | SH |  | SOLE |  | 29099 | 0 | 2150 |
| Avery Dennison Corp | COM | 053611109 |  | 510618 | 2910 | SH |  | SOLE |  | 2910 | 0 | 0 |
| Axon Enterprise Inc | COM | 05464c101 |  | 24989713 | 30183 | SH |  | SOLE |  | 30183 | 0 | 0 |
| BP PLC ADR | COM | 055622104 |  | 1858653 | 62100 | SH |  | SOLE |  | 62100 | 0 | 0 |
| Bank OZK | COM | 06417n103 |  | 221182 | 4700 | SH |  | SOLE |  | 4700 | 0 | 0 |
| Bank of America Corp | COM | 060505104 |  | 38035911 | 803802 | SH |  | SOLE |  | 794002 | 0 | 9800 |
| Bank of New York Mellon Corp | COM | 064058100 |  | 37137529 | 407612 | SH |  | SOLE |  | 402037 | 0 | 5575 |
| Barclays PLC ADR | COM | 06738e204 |  | 5270897 | 283534 | SH |  | SOLE |  | 281470 | 0 | 2064 |
| Baxter International Inc | COM | 071813109 |  | 257380 | 8500 | SH |  | SOLE |  | 8500 | 0 | 0 |
| Becton Dickinson and Co | COM | 075887109 |  | 245112 | 1423 | SH |  | SOLE |  | 1423 | 0 | 0 |
| Berkshire Hathaway Inc Cl A | COM | 084670108 |  | 1457600 | 2 | SH |  | SOLE |  | 2 | 0 | 0 |
| Berkshire Hathaway Inc Cl B | COM | 084670702 |  | 6704598 | 13802 | SH |  | SOLE |  | 13577 | 0 | 225 |
| Best Buy Co Inc | COM | 086516101 |  | 2846648 | 42405 | SH |  | SOLE |  | 42075 | 0 | 330 |
| BlackRock Inc | COM | 09290d101 |  | 13303441 | 12679 | SH |  | SOLE |  | 12524 | 0 | 155 |
| Blackstone Inc | COM | 09260d107 |  | 1152065 | 7702 | SH |  | SOLE |  | 7702 | 0 | 0 |
| Boeing Co | COM | 097023105 |  | 26615758 | 127026 | SH |  | SOLE |  | 125641 | 0 | 1385 |
| Booz Allen Hamilton Holding Co | COM | 099502106 |  | 9685027 | 93009 | SH |  | SOLE |  | 91739 | 0 | 1270 |
| Boston Scientific Corp | COM | 101137107 |  | 274218 | 2553 | SH |  | SOLE |  | 2553 | 0 | 0 |
| Bristol-Myers Squibb Co | COM | 110122108 |  | 4640665 | 100252 | SH |  | SOLE |  | 85170 | 0 | 15082 |
| Broadcom Inc | COM | 11135f101 |  | 76253611 | 276632 | SH |  | SOLE |  | 267332 | 0 | 9300 |
| Brookfield Asset Management Lt | COM | 113004105 |  | 5031475 | 91018 | SH |  | SOLE |  | 90393 | 0 | 625 |
| Brown-Forman Corp Cl B | COM | 115637209 |  | 201825 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| CME Group Inc | COM | 12572q105 |  | 8806886 | 31953 | SH |  | SOLE |  | 31673 | 0 | 280 |
| CMS Energy Corp | COM | 125896100 |  | 666612 | 9622 | SH |  | SOLE |  | 9622 | 0 | 0 |
| Cameco Corp | COM | 13321l108 |  | 388223 | 5230 | SH |  | SOLE |  | 5230 | 0 | 0 |
| Canadian National Railway Co | COM | 136375102 |  | 3463388 | 33289 | SH |  | SOLE |  | 33049 | 0 | 240 |
| Cardinal Health Inc | COM | 14149y108 |  | 1835904 | 10928 | SH |  | SOLE |  | 10728 | 0 | 200 |
| Carrier Global Corp | COM | 14448c104 |  | 454217 | 6206 | SH |  | SOLE |  | 4206 | 0 | 2000 |
| Casey's General Stores Inc | COM | 147528103 |  | 18089582 | 35451 | SH |  | SOLE |  | 35046 | 0 | 405 |
| Caterpillar Inc | COM | 149123101 |  | 4103380 | 10570 | SH |  | SOLE |  | 10470 | 0 | 100 |
| Charles Schwab Corp | COM | 808513105 |  | 287315 | 3149 | SH |  | SOLE |  | 3149 | 0 | 0 |
| Check Point Software Technolog | COM | m22465104 |  | 5528374 | 24987 | SH |  | SOLE |  | 24817 | 0 | 170 |
| Chevron Corp | COM | 166764100 |  | 14289448 | 99794 | SH |  | SOLE |  | 97194 | 0 | 2600 |
| Chipotle Mexican Grill Inc | COM | 169656105 |  | 10584050 | 188496 | SH |  | SOLE |  | 188496 | 0 | 0 |
| Chubb Ltd | COM | h1467j104 |  | 14901748 | 51435 | SH |  | SOLE |  | 50560 | 0 | 875 |
| Cincinnati Financial Corp | COM | 172062101 |  | 640058 | 4298 | SH |  | SOLE |  | 4298 | 0 | 0 |
| Cintas Corp | COM | 172908105 |  | 222870 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| Cisco Systems Inc | COM | 17275r102 |  | 10554779 | 152130 | SH |  | SOLE |  | 151430 | 0 | 700 |
| Citigroup Inc | COM | 172967424 |  | 12310310 | 144623 | SH |  | SOLE |  | 143223 | 0 | 1400 |
| Clorox Co | COM | 189054109 |  | 4222862 | 35170 | SH |  | SOLE |  | 34725 | 0 | 445 |
| CoStar Group Inc | COM | 22160n109 |  | 8383630 | 104274 | SH |  | SOLE |  | 104274 | 0 | 0 |
| Coca-Cola Co | COM | 191216100 |  | 10977216 | 155155 | SH |  | SOLE |  | 151460 | 0 | 3695 |
| Cogent Communications Holdings | COM | 19239V302 |  | 2152818 | 44655 | SH |  | SOLE |  | 44245 | 0 | 410 |
| Colgate-Palmolive Co | COM | 194162103 |  | 4431375 | 48750 | SH |  | SOLE |  | 43825 | 0 | 4925 |
| Comcast Corp Cl A | COM | 20030n101 |  | 297440 | 8334 | SH |  | SOLE |  | 8334 | 0 | 0 |
| Comerica Inc | COM | 200340107 |  | 1492682 | 25024 | SH |  | SOLE |  | 23076 | 0 | 1948 |
| ConocoPhillips | COM | 20825c104 |  | 1186632 | 13223 | SH |  | SOLE |  | 12323 | 0 | 900 |
| Consolidated Edison Inc | COM | 209115104 |  | 411636 | 4102 | SH |  | SOLE |  | 3402 | 0 | 700 |
| Constellation Brands Inc Cl A | COM | 21036p108 |  | 6640760 | 40821 | SH |  | SOLE |  | 40246 | 0 | 575 |
| Constellation Energy Corp | COM | 21037t109 |  | 316628 | 981 | SH |  | SOLE |  | 981 | 0 | 0 |
| Corning Inc | COM | 219350105 |  | 402313 | 7650 | SH |  | SOLE |  | 7650 | 0 | 0 |
| Corpay Inc | COM | 219948106 |  | 10042532 | 30265 | SH |  | SOLE |  | 30265 | 0 | 0 |
| Corteva Inc | COM | 22052l104 |  | 33703062 | 452208 | SH |  | SOLE |  | 448983 | 0 | 3225 |
| Costco Wholesale Corp | COM | 22160k105 |  | 27822303 | 28105 | SH |  | SOLE |  | 27910 | 0 | 195 |
| CrowdStrike Holdings Inc | COM | 22788C105 |  | 15684201 | 30795 | SH |  | SOLE |  | 30795 | 0 | 0 |
| DBS Group Holdings Ltd ADR | COM | 23304y100 |  | 5154735 | 36547 | SH |  | SOLE |  | 36287 | 0 | 260 |
| DT Midstream Inc | COM | 23345m107 |  | 533503 | 4854 | SH |  | SOLE |  | 4104 | 0 | 750 |
| DTE Energy Co | COM | 233331107 |  | 1097034 | 8282 | SH |  | SOLE |  | 8032 | 0 | 250 |
| Daiichi Sankyo Co Ltd ADR | COM | 23381d102 |  | 8406129 | 360840 | SH |  | SOLE |  | 358140 | 0 | 2700 |
| Danaher Corp | COM | 235851102 |  | 370783 | 1877 | SH |  | SOLE |  | 1877 | 0 | 0 |
| Dassault Systemes SE ADR | COM | 237545108 |  | 4356415 | 120770 | SH |  | SOLE |  | 119870 | 0 | 900 |
| Deere  Co | COM | 244199105 |  | 1876837 | 3691 | SH |  | SOLE |  | 3441 | 0 | 250 |
| Delta Air Lines Inc | COM | 247361702 |  | 226818 | 4612 | SH |  | SOLE |  | 4612 | 0 | 0 |
| Dominion Energy Inc | COM | 25746u109 |  | 1743133 | 30841 | SH |  | SOLE |  | 30841 | 0 | 0 |
| Donaldson Co Inc | COM | 257651109 |  | 402230 | 5800 | SH |  | SOLE |  | 5800 | 0 | 0 |
| Dow Inc | COM | 260557103 |  | 1745932 | 65934 | SH |  | SOLE |  | 65584 | 0 | 350 |
| DuPont de Nemours Inc | COM | 26614n102 |  | 604627 | 8815 | SH |  | SOLE |  | 8815 | 0 | 0 |
| Duke Energy Corp | COM | 26441c204 |  | 13850014 | 117373 | SH |  | SOLE |  | 109843 | 0 | 7530 |
| Eaton Corp PLC | COM | g29183103 |  | 889262 | 2491 | SH |  | SOLE |  | 2491 | 0 | 0 |
| Ecolab Inc | COM | 278865100 |  | 5702428 | 21164 | SH |  | SOLE |  | 20789 | 0 | 375 |
| Eli Lilly and Co | COM | 532457108 |  | 55196181 | 70807 | SH |  | SOLE |  | 70342 | 0 | 465 |
| Emerson Electric Co | COM | 291011104 |  | 9477096 | 71080 | SH |  | SOLE |  | 63340 | 0 | 7740 |
| Enbridge Inc | COM | 29250n105 |  | 545896 | 12061 | SH |  | SOLE |  | 11561 | 0 | 500 |
| Esperion Therapeutics Inc | COM | 29664w105 |  | 21657 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| Essex Property Trust Inc | COM | 297178105 |  | 340080 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| Exelon Corp | COM | 30161n101 |  | 514527 | 11850 | SH |  | SOLE |  | 11850 | 0 | 0 |
| Expeditors Int'l of WA | COM | 302130109 |  | 348462 | 3050 | SH |  | SOLE |  | 3050 | 0 | 0 |
| Experian PLC ADR | COM | 30215c101 |  | 5298162 | 103045 | SH |  | SOLE |  | 102335 | 0 | 710 |
| Exxon Mobil Corp | COM | 30231g102 |  | 23681541 | 219680 | SH |  | SOLE |  | 211252 | 0 | 8428 |
| Fastenal Co | COM | 311900104 |  | 18301710 | 435755 | SH |  | SOLE |  | 432555 | 0 | 3200 |
| FedEx Corp | COM | 31428x106 |  | 606463 | 2668 | SH |  | SOLE |  | 2568 | 0 | 100 |
| First Horizon Corp | COM | 320517105 |  | 273480 | 12900 | SH |  | SOLE |  | 12900 | 0 | 0 |
| Fiserv Inc | COM | 337738108 |  | 21184879 | 122875 | SH |  | SOLE |  | 122875 | 0 | 0 |
| Flutter Entertainment PLC | COM | g3643j108 |  | 389491 | 1363 | SH |  | SOLE |  | 1363 | 0 | 0 |
| Ford Motor Co | COM | 345370860 |  | 1598861 | 147361 | SH |  | SOLE |  | 146561 | 0 | 800 |
| Fortinet Inc | COM | 34959E109 |  | 677665 | 6410 | SH |  | SOLE |  | 6410 | 0 | 0 |
| GE Aerospace | COM | 369604301 |  | 1839824 | 7148 | SH |  | SOLE |  | 7148 | 0 | 0 |
| GE Vernova Inc | COM | 36828a101 |  | 1041896 | 1969 | SH |  | SOLE |  | 1969 | 0 | 0 |
| Garmin Ltd | COM | h2906t109 |  | 251090 | 1203 | SH |  | SOLE |  | 1203 | 0 | 0 |
| General Dynamics Corp | COM | 369550108 |  | 14834411 | 50862 | SH |  | SOLE |  | 50197 | 0 | 665 |
| General Mills Inc | COM | 370334104 |  | 242730 | 4685 | SH |  | SOLE |  | 3310 | 0 | 1375 |
| General Motors Co | COM | 37045v100 |  | 219181 | 4454 | SH |  | SOLE |  | 4454 | 0 | 0 |
| Gentex Corp | COM | 371901109 |  | 2025279 | 92100 | SH |  | SOLE |  | 92100 | 0 | 0 |
| Genuine Parts Co | COM | 372460105 |  | 441690 | 3641 | SH |  | SOLE |  | 3641 | 0 | 0 |
| Gilead Sciences Inc | COM | 375558103 |  | 10469454 | 94430 | SH |  | SOLE |  | 93825 | 0 | 605 |
| Globus Medical Inc | COM | 379577208 |  | 626084 | 10608 | SH |  | SOLE |  | 10608 | 0 | 0 |
| Goldman Sachs Group Inc | COM | 38141g104 |  | 1051716 | 1486 | SH |  | SOLE |  | 1486 | 0 | 0 |
| HDFC Bank Ltd ADR | COM | 40415f101 |  | 9746060 | 127117 | SH |  | SOLE |  | 126192 | 0 | 925 |
| HEICO Corp | COM | 422806109 |  | 27476888 | 83771 | SH |  | SOLE |  | 83016 | 0 | 755 |
| Heico Corp Cl A | COM | 422806208 |  | 232875 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| Hershey Co | COM | 427866108 |  | 3755448 | 22630 | SH |  | SOLE |  | 22630 | 0 | 0 |
| Home Depot Inc | COM | 437076102 |  | 16404614 | 44743 | SH |  | SOLE |  | 42443 | 0 | 2300 |
| Honeywell International Inc | COM | 438516106 |  | 2840903 | 12199 | SH |  | SOLE |  | 12099 | 0 | 100 |
| Huntington Bancshares Inc | COM | 446150104 |  | 702009 | 41886 | SH |  | SOLE |  | 41886 | 0 | 0 |
| IBM | COM | 459200101 |  | 23196435 | 78691 | SH |  | SOLE |  | 74366 | 0 | 4325 |
| IDEXX Laboratories Inc | COM | 45168d104 |  | 12738075 | 23750 | SH |  | SOLE |  | 23750 | 0 | 0 |
| Illinois Tool Works Inc | COM | 452308109 |  | 942270 | 3811 | SH |  | SOLE |  | 3011 | 0 | 800 |
| Ingredion Inc | COM | 457187102 |  | 579775 | 4275 | SH |  | SOLE |  | 4275 | 0 | 0 |
| Intel Corp | COM | 458140100 |  | 1652112 | 73755 | SH |  | SOLE |  | 71630 | 0 | 2125 |
| InterContinental Hotels Group | COM | 45857p806 |  | 346020 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| Intercontinental Exchange Inc | COM | 45866f104 |  | 35869853 | 195508 | SH |  | SOLE |  | 193883 | 0 | 1625 |
| Intuit Inc | COM | 461202103 |  | 20494920 | 26021 | SH |  | SOLE |  | 26021 | 0 | 0 |
| Intuitive Surgical Inc | COM | 46120e602 |  | 19036739 | 35032 | SH |  | SOLE |  | 35032 | 0 | 0 |
| Invesco S 500 Eq Wt ETF | COM | 46137v357 |  | 5140516 | 28285 | SH |  | SOLE |  | 28285 | 0 | 0 |
| Invesco Van Kampen Muni.Op.Tr | COM | egb32c103 |  | 0 | 43613 | SH |  | SOLE |  | 43613 | 0 | 0 |
| Iron Mountain Inc | COM | 46284v101 |  | 7042661 | 68662 | SH |  | SOLE |  | 68052 | 0 | 610 |
| JPMorgan Chase  Co | COM | 46625h100 |  | 29880444 | 103068 | SH |  | SOLE |  | 97623 | 0 | 5445 |
| Johnson  Johnson | COM | 478160104 |  | 14180699 | 92836 | SH |  | SOLE |  | 89536 | 0 | 3300 |
| Kimberly-Clark Corp | COM | 494368103 |  | 4330681 | 33592 | SH |  | SOLE |  | 26575 | 0 | 7017 |
| Kinder Morgan Inc | COM | 49456b101 |  | 7974309 | 271235 | SH |  | SOLE |  | 265335 | 0 | 5900 |
| Kraft Heinz Co | COM | 500754106 |  | 213867 | 8283 | SH |  | SOLE |  | 8283 | 0 | 0 |
| Linde PLC | COM | g54950103 |  | 12554318 | 26758 | SH |  | SOLE |  | 26418 | 0 | 340 |
| Lockheed Martin Corp | COM | 539830109 |  | 5156601 | 11134 | SH |  | SOLE |  | 11066 | 0 | 68 |
| London Stock Exchange Group PL | COM | 54211n101 |  | 12616730 | 346290 | SH |  | SOLE |  | 343765 | 0 | 2525 |
| Lonza Group AG ADR | COM | 54338v101 |  | 9557102 | 134645 | SH |  | SOLE |  | 133685 | 0 | 960 |
| Lowe's Companies Inc | COM | 548661107 |  | 971569 | 4379 | SH |  | SOLE |  | 4379 | 0 | 0 |
| MSCI Inc | COM | 55354g100 |  | 18531233 | 32131 | SH |  | SOLE |  | 31686 | 0 | 445 |
| MTU Aero Engines AG ADR | COM | 62473g102 |  | 11790682 | 53258 | SH |  | SOLE |  | 52858 | 0 | 400 |
| Marathon Petroleum Corp | COM | 56585a102 |  | 577232 | 3475 | SH |  | SOLE |  | 2775 | 0 | 700 |
| Marsh  McLennan Companies Inc | COM | 571748102 |  | 12420064 | 56806 | SH |  | SOLE |  | 55581 | 0 | 1225 |
| Marvell Technology Inc | COM | 573874104 |  | 15699661 | 202838 | SH |  | SOLE |  | 202838 | 0 | 0 |
| Mastercard Inc Cl A | COM | 57636q104 |  | 20708613 | 36852 | SH |  | SOLE |  | 36852 | 0 | 0 |
| McCormick  Co Inc | COM | 579780206 |  | 457574 | 6035 | SH |  | SOLE |  | 6035 | 0 | 0 |
| McDonald's Corp | COM | 580135101 |  | 7872813 | 26946 | SH |  | SOLE |  | 26921 | 0 | 25 |
| Medtronic PLC | COM | g5960l103 |  | 5867151 | 67307 | SH |  | SOLE |  | 66917 | 0 | 390 |
| MercadoLibre Inc | COM | 58733r102 |  | 15169509 | 5804 | SH |  | SOLE |  | 5763 | 0 | 41 |
| Mercantile Bank Corp | COM | 587376104 |  | 426461 | 9189 | SH |  | SOLE |  | 9189 | 0 | 0 |
| Merck  Co Inc | COM | 58933y105 |  | 11158710 | 140964 | SH |  | SOLE |  | 131139 | 0 | 9825 |
| Meta Platforms Inc | COM | 30303m102 |  | 30853638 | 41802 | SH |  | SOLE |  | 41802 | 0 | 0 |
| Microsoft Corp | COM | 594918104 |  | 122360051 | 245994 | SH |  | SOLE |  | 243239 | 0 | 2755 |
| Mondelez International Inc | COM | 609207105 |  | 12893516 | 191185 | SH |  | SOLE |  | 189435 | 0 | 1750 |
| Monolithic Power Systems Inc | COM | 609839105 |  | 24718450 | 33797 | SH |  | SOLE |  | 33542 | 0 | 255 |
| Motorola Solutions Inc | COM | 620076307 |  | 1411484 | 3357 | SH |  | SOLE |  | 3357 | 0 | 0 |
| NICE Ltd ADR | COM | 653656108 |  | 4630499 | 27414 | SH |  | SOLE |  | 27204 | 0 | 210 |
| NVIDIA Corp | COM | 67066g104 |  | 89259014 | 564966 | SH |  | SOLE |  | 552461 | 0 | 12505 |
| Neogen Corp | COM | 640491106 |  | 549700 | 115000 | SH |  | SOLE |  | 112500 | 0 | 2500 |
| Nestle SA ADR | COM | 641069406 |  | 4646529 | 46919 | SH |  | SOLE |  | 46524 | 0 | 395 |
| Netflix Inc | COM | 64110l106 |  | 38257605 | 28569 | SH |  | SOLE |  | 28569 | 0 | 0 |
| Neurocrine Biosciences Inc | COM | 64125c109 |  | 9049303 | 71997 | SH |  | SOLE |  | 71997 | 0 | 0 |
| Newmont Corp | COM | 651639106 |  | 477732 | 8200 | SH |  | SOLE |  | 8200 | 0 | 0 |
| NextEra Energy Inc | COM | 65339f101 |  | 1661221 | 23930 | SH |  | SOLE |  | 23930 | 0 | 0 |
| Nintendo Co Ltd ADR | COM | 654445303 |  | 15649447 | 651436 | SH |  | SOLE |  | 646624 | 0 | 4812 |
| Nordson Corp | COM | 655663102 |  | 2441246 | 11388 | SH |  | SOLE |  | 11313 | 0 | 75 |
| Oracle Corp | COM | 68389x105 |  | 13742863 | 62859 | SH |  | SOLE |  | 62634 | 0 | 225 |
| PNC Financial Services Group I | COM | 693475105 |  | 11235720 | 60271 | SH |  | SOLE |  | 59786 | 0 | 485 |
| PPG Industries Inc | COM | 693506107 |  | 677267 | 5954 | SH |  | SOLE |  | 5954 | 0 | 0 |
| Palantir Technologies Inc Cl A | COM | 69608a108 |  | 1417728 | 10400 | SH |  | SOLE |  | 10400 | 0 | 0 |
| Palo Alto Networks Inc | COM | 697435105 |  | 14332372 | 70037 | SH |  | SOLE |  | 70037 | 0 | 0 |
| Parker-Hannifin Corp | COM | 701094104 |  | 579730 | 830 | SH |  | SOLE |  | 830 | 0 | 0 |
| PayPal Holdings Inc | COM | 70450y103 |  | 654388 | 8805 | SH |  | SOLE |  | 8805 | 0 | 0 |
| Paychex Inc | COM | 704326107 |  | 8214853 | 56475 | SH |  | SOLE |  | 55960 | 0 | 515 |
| Pentair PLC | COM | g7s00t104 |  | 349044 | 3400 | SH |  | SOLE |  | 3400 | 0 | 0 |
| Penumbra Inc | COM | 70975l107 |  | 19917311 | 77611 | SH |  | SOLE |  | 77611 | 0 | 0 |
| PepsiCo Inc | COM | 713448108 |  | 26488431 | 200609 | SH |  | SOLE |  | 193554 | 0 | 7055 |
| Pfizer Inc | COM | 717081103 |  | 8804938 | 363240 | SH |  | SOLE |  | 356540 | 0 | 6700 |
| Philip Morris International In | COM | 718172109 |  | 760393 | 4175 | SH |  | SOLE |  | 4175 | 0 | 0 |
| Pinnacle West Capital Corp | COM | 723484101 |  | 2194252 | 24525 | SH |  | SOLE |  | 24525 | 0 | 0 |
| Principal Financial Group Inc | COM | 74251v102 |  | 6242404 | 78590 | SH |  | SOLE |  | 77830 | 0 | 760 |
| Private Bancorp of America Inc | COM | 74274f100 |  | 281944 | 5200 | SH |  | SOLE |  | 5200 | 0 | 0 |
| ProShares S 400 MidCap Div A | COM | 74347b680 |  | 216068 | 2650 | SH |  | SOLE |  | 2650 | 0 | 0 |
| ProShares S 500 Div Aristocr | COM | 74348a467 |  | 456674 | 4535 | SH |  | SOLE |  | 4535 | 0 | 0 |
| Procter  Gamble Co | COM | 742718109 |  | 11447939 | 71855 | SH |  | SOLE |  | 66925 | 0 | 4930 |
| Progressive Corp | COM | 743315103 |  | 1128818 | 4230 | SH |  | SOLE |  | 4230 | 0 | 0 |
| Public Storage REIT | COM | 74460d109 |  | 3616695 | 12326 | SH |  | SOLE |  | 11861 | 0 | 465 |
| QUALCOMM Inc | COM | 747525103 |  | 1571902 | 9870 | SH |  | SOLE |  | 9870 | 0 | 0 |
| RPM International Inc | COM | 749685103 |  | 670024 | 6100 | SH |  | SOLE |  | 6100 | 0 | 0 |
| RTX Corp | COM | 75513e101 |  | 7261867 | 49732 | SH |  | SOLE |  | 45531 | 0 | 4201 |
| Realty Income Corp | COM | 756109104 |  | 3128511 | 54305 | SH |  | SOLE |  | 53855 | 0 | 450 |
| Reinsurance Group of America I | COM | 759351604 |  | 11252764 | 56729 | SH |  | SOLE |  | 56434 | 0 | 295 |
| Republic Services Inc | COM | 760759100 |  | 21598597 | 87582 | SH |  | SOLE |  | 86027 | 0 | 1555 |
| ResMed Inc | COM | 761152107 |  | 14996250 | 58125 | SH |  | SOLE |  | 58125 | 0 | 0 |
| Rockwell Automation Inc | COM | 773903109 |  | 6465689 | 19465 | SH |  | SOLE |  | 19315 | 0 | 150 |
| Roper Technologies Inc | COM | 776696106 |  | 21382338 | 37722 | SH |  | SOLE |  | 37255 | 0 | 467 |
| Ross Stores Inc | COM | 778296103 |  | 9637010 | 75537 | SH |  | SOLE |  | 74592 | 0 | 945 |
| S Global Inc | COM | 78409v104 |  | 442924 | 840 | SH |  | SOLE |  | 840 | 0 | 0 |
| SPDR Gold Shares | COM | 78463v107 |  | 927598 | 3043 | SH |  | SOLE |  | 3043 | 0 | 0 |
| SPDR Index Dvlpd Wrld Ex-US ET | COM | 78463x889 |  | 352303 | 8701 | SH |  | SOLE |  | 8701 | 0 | 0 |
| SPDR S 500 ETF Trust | COM | 78462f103 |  | 617232 | 999 | SH |  | SOLE |  | 999 | 0 | 0 |
| SPDR S 600 Small Cap Value E | COM | 78464a300 |  | 223328 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| STERIS PLC | COM | g8473t100 |  | 338230 | 1408 | SH |  | SOLE |  | 1408 | 0 | 0 |
| Salesforce Inc | COM | 79466l302 |  | 11094665 | 40686 | SH |  | SOLE |  | 40686 | 0 | 0 |
| Schlumberger Ltd | COM | 806857108 |  | 9852937 | 291507 | SH |  | SOLE |  | 289782 | 0 | 1725 |
| ServiceNow Inc | COM | 81762p102 |  | 22612620 | 21995 | SH |  | SOLE |  | 21995 | 0 | 0 |
| Shell PLC ADR | COM | 780259305 |  | 4421748 | 62800 | SH |  | SOLE |  | 62800 | 0 | 0 |
| Sherwin-Williams Co | COM | 824348106 |  | 12263102 | 35715 | SH |  | SOLE |  | 35490 | 0 | 225 |
| Shopify Inc Cl A | COM | 82509l107 |  | 382385 | 3315 | SH |  | SOLE |  | 3315 | 0 | 0 |
| Snap-on Inc | COM | 833034101 |  | 486374 | 1563 | SH |  | SOLE |  | 1563 | 0 | 0 |
| Southern Co | COM | 842587107 |  | 9559503 | 104100 | SH |  | SOLE |  | 102735 | 0 | 1365 |
| Starbucks Corp | COM | 855244109 |  | 10604655 | 115733 | SH |  | SOLE |  | 114658 | 0 | 1075 |
| State Street Corp | COM | 857477103 |  | 11469620 | 107858 | SH |  | SOLE |  | 106858 | 0 | 1000 |
| Stryker Corp | COM | 863667101 |  | 37556531 | 94928 | SH |  | SOLE |  | 93633 | 0 | 1295 |
| Sysco Corp | COM | 871829107 |  | 1102017 | 14550 | SH |  | SOLE |  | 14550 | 0 | 0 |
| T-Mobile US Inc | COM | 872590104 |  | 25253416 | 105991 | SH |  | SOLE |  | 105216 | 0 | 775 |
| TJX Companies Inc | COM | 872540109 |  | 4797463 | 38849 | SH |  | SOLE |  | 38549 | 0 | 300 |
| Taiwan Semiconductor Mfg Co Lt | COM | 874039100 |  | 13561542 | 59877 | SH |  | SOLE |  | 59477 | 0 | 400 |
| Target Corp | COM | 87612e106 |  | 4596202 | 46591 | SH |  | SOLE |  | 45865 | 0 | 726 |
| Techtronic Industries Co Ltd A | COM | 87873r101 |  | 4410632 | 80240 | SH |  | SOLE |  | 79675 | 0 | 565 |
| Terreno Realty Corp | COM | 88146m101 |  | 10910493 | 194587 | SH |  | SOLE |  | 192162 | 0 | 2425 |
| Tesla Inc | COM | 88160r101 |  | 481890 | 1517 | SH |  | SOLE |  | 1517 | 0 | 0 |
| Texas Instruments Inc | COM | 882508104 |  | 11089399 | 53412 | SH |  | SOLE |  | 52082 | 0 | 1330 |
| Thermo Fisher Scientific Inc | COM | 883556102 |  | 1363562 | 3363 | SH |  | SOLE |  | 3363 | 0 | 0 |
| Toro Co | COM | 891092108 |  | 676054 | 9565 | SH |  | SOLE |  | 9565 | 0 | 0 |
| Trade Desk Inc Cl A | COM | 88339j105 |  | 6993972 | 97152 | SH |  | SOLE |  | 97152 | 0 | 0 |
| Travelers Companies Inc | COM | 89417e109 |  | 2614401 | 9772 | SH |  | SOLE |  | 5847 | 0 | 3925 |
| Tyler Technologies Inc | COM | 902252105 |  | 10453548 | 17633 | SH |  | SOLE |  | 17633 | 0 | 0 |
| Uber Technologies Inc | COM | 90353t100 |  | 20734712 | 222237 | SH |  | SOLE |  | 222237 | 0 | 0 |
| Unilever PLC ADR | COM | 904767704 |  | 228470 | 3735 | SH |  | SOLE |  | 3735 | 0 | 0 |
| Union Pacific Corp | COM | 907818108 |  | 10290328 | 44725 | SH |  | SOLE |  | 44040 | 0 | 685 |
| United Parcel Service Inc | COM | 911312106 |  | 605640 | 6000 | SH |  | SOLE |  | 5400 | 0 | 600 |
| UnitedHealth Group Inc | COM | 91324p102 |  | 8497767 | 27239 | SH |  | SOLE |  | 26729 | 0 | 510 |
| Valero Energy Corp | COM | 91913y100 |  | 403260 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| Valley National Bancorp | COM | 919794107 |  | 173688 | 19450 | SH |  | SOLE |  | 19450 | 0 | 0 |
| VanEck Gold Miners ETF | COM | 92189f106 |  | 235051 | 4515 | SH |  | SOLE |  | 4515 | 0 | 0 |
| Vanguard S 500 ETF | COM | 922908363 |  | 914947 | 1611 | SH |  | SOLE |  | 1611 | 0 | 0 |
| Vanguard Total Intl Stk ETF | COM | 921909768 |  | 4919208 | 71200 | SH |  | SOLE |  | 71200 | 0 | 0 |
| Vanguard US Tot Mkt ETF | COM | 922908769 |  | 11138427 | 36648 | SH |  | SOLE |  | 36648 | 0 | 0 |
| Veeva Systems Inc | COM | 922475108 |  | 20367673 | 70726 | SH |  | SOLE |  | 70726 | 0 | 0 |
| Verizon Communications Inc | COM | 92343v104 |  | 11088889 | 256272 | SH |  | SOLE |  | 253747 | 0 | 2525 |
| Vertex Pharmaceuticals Inc | COM | 92532f100 |  | 9363446 | 21032 | SH |  | SOLE |  | 21032 | 0 | 0 |
| Viper Energy Inc | COM | 927959106 |  | 3072325 | 80575 | SH |  | SOLE |  | 79850 | 0 | 725 |
| Visa Inc Cl A | COM | 92826c839 |  | 41930695 | 118098 | SH |  | SOLE |  | 116848 | 0 | 1250 |
| W.W. Grainger Inc | COM | 384802104 |  | 915411 | 880 | SH |  | SOLE |  | 880 | 0 | 0 |
| WEC Energy Group Inc | COM | 92939u106 |  | 23853985 | 228925 | SH |  | SOLE |  | 227900 | 0 | 1025 |
| Wal-Mart de Mexico SAB de CV A | COM | 93114w107 |  | 4761230 | 144890 | SH |  | SOLE |  | 143740 | 0 | 1150 |
| Wallbridge Mining Co Ltd | COM | 932397102 |  | 478 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| Walmart Inc | COM | 931142103 |  | 24654018 | 252138 | SH |  | SOLE |  | 249563 | 0 | 2575 |
| Walt Disney Co | COM | 254687106 |  | 13075442 | 105439 | SH |  | SOLE |  | 104264 | 0 | 1175 |
| Waste Management Inc | COM | 94106l109 |  | 411876 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| Wells Fargo  Co | COM | 949746101 |  | 42635698 | 532148 | SH |  | SOLE |  | 527473 | 0 | 4675 |
| Welltower Inc | COM | 95040q104 |  | 8777061 | 57094 | SH |  | SOLE |  | 56084 | 0 | 1010 |
| Weyerhaeuser Co | COM | 962166104 |  | 5599803 | 217976 | SH |  | SOLE |  | 216276 | 0 | 1700 |
| WisdomTree Europe Hedged Equit | COM | 97717x701 |  | 9036455 | 187790 | SH |  | SOLE |  | 186380 | 0 | 1410 |
| Workday Inc Cl A | COM | 98138h101 |  | 15890160 | 66209 | SH |  | SOLE |  | 66209 | 0 | 0 |
| Xylem Inc | COM | 98419m100 |  | 11918584 | 92135 | SH |  | SOLE |  | 90925 | 0 | 1210 |
| Yum! Brands Inc | COM | 988498101 |  | 11845509 | 79940 | SH |  | SOLE |  | 77915 | 0 | 2025 |
| Zoetis Inc | COM | 98978V103 |  | 9532600 | 61126 | SH |  | SOLE |  | 60401 | 0 | 725 |
| Zscaler Inc | COM | 98980g102 |  | 329637 | 1050 | SH |  | SOLE |  | 1050 | 0 | 0 |
| iShares Core S 500 ETF | COM | 464287200 |  | 588613 | 948 | SH |  | SOLE |  | 948 | 0 | 0 |
| iShares DJ Select DVD Index | COM | 464287168 |  | 208113 | 1567 | SH |  | SOLE |  | 1567 | 0 | 0 |
| iShares Gold Trust | COM | 464285204 |  | 1373417 | 22024 | SH |  | SOLE |  | 22024 | 0 | 0 |
| iShares MSCI EAFE ETF | COM | 464287465 |  | 4160836 | 46547 | SH |  | SOLE |  | 46547 | 0 | 0 |
| iShares MSCI Emerging Markets | COM | 464287234 |  | 12324162 | 255476 | SH |  | SOLE |  | 254026 | 0 | 1450 |
| iShares MSCI Europe Financials | COM | 464289180 |  | 18548465 | 586420 | SH |  | SOLE |  | 582170 | 0 | 4250 |
| iShares MSCI Japan ETF | COM | 46434g822 |  | 9215687 | 122925 | SH |  | SOLE |  | 122025 | 0 | 900 |
| iShares Russell 1000 ETF | COM | 464287622 |  | 886278 | 2610 | SH |  | SOLE |  | 2610 | 0 | 0 |
| iShares Russell 1000 Growth ET | COM | 464287614 |  | 3329556 | 7842 | SH |  | SOLE |  | 7842 | 0 | 0 |
| iShares Russell 1000 Value ETF | COM | 464287598 |  | 3187897 | 16413 | SH |  | SOLE |  | 16413 | 0 | 0 |
| iShares Russell 2000 ETF | COM | 464287655 |  | 1504272 | 6971 | SH |  | SOLE |  | 6971 | 0 | 0 |
| iShares S 500 Growth ETF | COM | 464287309 |  | 914050 | 8302 | SH |  | SOLE |  | 8302 | 0 | 0 |
| iShares S 500 Value ETF | COM | 464287408 |  | 1235641 | 6323 | SH |  | SOLE |  | 6323 | 0 | 0 |
| iShares S MidCap 400 | COM | 464287507 |  | 2050381 | 33060 | SH |  | SOLE |  | 33060 | 0 | 0 |
| iShares S Smallcap 600 | COM | 464287804 |  | 305466 | 2795 | SH |  | SOLE |  | 2795 | 0 | 0 |
| iShares S Smallcap 600 Growt | COM | 464287887 |  | 5650209 | 42470 | SH |  | SOLE |  | 42470 | 0 | 0 |
| iShares S Smallcap 600 Value | COM | 464287879 |  | 3857662 | 38774 | SH |  | SOLE |  | 38774 | 0 | 0 |
| SPDR Bloomberg High Yield Bond | ETF | 78468r622 |  | 206991 | 2128 | SH |  | SOLE |  | 2128 | 0 | 0 |
| Vanguard Intermediate-Term Cor | ETF | 92206c870 |  | 455231 | 5490 | SH |  | SOLE |  | 5490 | 0 | 0 |
| Vanguard Total Bond Market ETF | ETF | 921937835 |  | 9194546 | 124875 | SH |  | SOLE |  | 124875 | 0 | 0 |
| iShares 1-3 Year Treasury Bond | ETF | 464287457 |  | 569082 | 6868 | SH |  | SOLE |  | 6868 | 0 | 0 |
| iShares Broad USD Inv Grade Co | ETF | 464288620 |  | 247838 | 4818 | SH |  | SOLE |  | 4818 | 0 | 0 |
| iShares Intermediate Gov/Credi | ETF | 464288612 |  | 1031698 | 9661 | SH |  | SOLE |  | 9661 | 0 | 0 |

---