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Wendell David Associates Inc.
Wendell David Associates Inc is a federally registered investment advisory firm located in Portsmouth, NH, founded in 1979 by David T. Wendell. The firm manages $1.3 billion in assets for approximately 487 clients across retail investors, high net worth individuals, and charitable organizations. It employs a small team of 4–5 professionals providing portfolio management and financial advisory services, known for a team-based investment approach and personal client service.
Investment Strategy
Wendell David Associates Inc employs a disciplined, team-based investment process centered on identifying high-quality companies with superior fundamental characteristics and strong long-term prospects for earnings and dividend growth. The team uses a proprietary statistical screen to evaluate relative attractiveness among companies, followed by collaborative fundamental analysis and monthly strategy meetings. The firm’s philosophy emphasizes finding companies poised for stable expansion and constructing diversified portfolios aligned with clients’ financial objectives.
Latest 13F Filing Activity
Wendell David Associates Inc. filed their most recent 13F report on Jun 30, 2025 disclosing 143 equity positions with a total 13F market value of $994M. The fund increased holdings in Microsoft, Intuit, Alphabet Class A among other positions. Wendell David Associates Inc. reduced exposure to Apple, Fiserv, Lilly, Eli among others.
Top Holdings
Equity Positions (143)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M MSFT | Microsoft | 6.69% | $66.6M | 133,796 | $65.65 | $497.41 | +$15.9M |
M MA | Mastercard | 6.50% | $64.6M | 115,012 | $45.65 | $561.94 | +$96.0K |
A AAPL | Apple | 5.58% | $55.5M | 270,573 | $23.64 | $205.17 | -$9.5M |
A ADP | Automatic Data Processing | 5.58% | $55.5M | 179,959 | $49.30 | $308.40 | +$58.0K |
T TJX | TJX Companies | 4.73% | $47.0M | 380,601 | $26.52 | $123.49 | -$282.0K |
Industry Allocation
Investment Team (1)
| Name | Role | Location | |
|---|---|---|---|
 | Senior Vice President, Portfolio Manager | Portsmouth, NH , United States |
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