Latest NORRIS PERNE & FRENCH LLP/MI Stock Portfolio

NORRIS PERNE & FRENCH LLP/MI Performance:

2025 Q4: 3.27%YTD: 7.92%2024: 10.13%

Performance for 2025 Q4 is 3.27%, and YTD is 7.92%, and 2024 is 10.13%.

About NORRIS PERNE & FRENCH LLP/MI and 13F Hedge Fund Stock Holdings

NORRIS PERNE & FRENCH LLP/MI is a hedge fund based in GRAND RAPIDS, MI. On 27-Mar-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $2 Billions. In it's latest 13F Holdings report, NORRIS PERNE & FRENCH LLP/MI reported an equity portfolio of $1.5 Billions as of 31 Dec, 2025.

The top stock holdings of NORRIS PERNE & FRENCH LLP/MI are MSFT, GOOG, COHR. The fund has invested 7.3% of it's portfolio in MICROSOFT and 5.4% of portfolio in ALPHABET INC.

The fund managers got completely rid off AVANTOR INC COM (AVTR), KENVUE INC COM and VANGUARD TOTAL STK MKT (VB) stocks. They significantly reduced their stock positions in ISHARES 0-3 MONTH TREASURY BOND ETF (DMXF), CCC INTELLIGENT SOLUTIONS HLD COM (CCCS) and ILLINOIS TOOL WKS INC COM (ITW). NORRIS PERNE & FRENCH LLP/MI opened new stock positions in EATON CORP PLC SHS (ETN), LAM RESEARCH CORP (LRCX) and INVESCO S&P 500 QUALITY ETF (CSD). The fund showed a lot of confidence in some stocks as they added substantially to NETFLIX COM INC (NFLX), VANGUARD S&P 500 ETF (VB) and NVIDIA CORP (NVDA).

NORRIS PERNE & FRENCH LLP/MI Annual Return Estimates Vs S&P 500

Our best estimate is that NORRIS PERNE & FRENCH LLP/MI made a return of 3.27% in the last quarter. In trailing 12 months, it's portfolio return was 7.92%.

Performance
S&P 500

New Buys

Ticker	$ Bought
eaton corp plc shs	7,892,850
lam research corp	462,186
invesco s&p 500 quality etf	285,415
isabella bk corp com	257,550
circle internet group inc com cl a	248,923
vanguard value etf	233,772
caterpillar inc com	229,148
ishares msci acwi ex us	222,200

New stocks bought by NORRIS PERNE & FRENCH LLP/MI

Additions

Ticker	% Inc.
netflix com inc	911
vanguard s&p 500 etf	490
nvidia corp	290
vanguard small cap etf	148
vanguard mid cap	61.07
epam systems inc	49.94
ball corp com	48.04
verisk analytics inccl a	44.87

Additions to existing portfolio by NORRIS PERNE & FRENCH LLP/MI

Reductions

Ticker	% Reduced
ishares 0-3 month treasury bond etf	-65.86
ccc intelligent solutions hld com	-56.44
illinois tool wks inc com	-48.56
charles river labs hldg	-43.4
arista networks inc com shs	-33.54
cdw corp com	-28.13
marriott intl inc	-21.34
kla corporation	-21.08

NORRIS PERNE & FRENCH LLP/MI reduced stake in above stock

Sold off

Ticker	$ Sold
avantor inc com	-11,200,000
kenvue inc com	-8,631,100
opko health inc	-49,600
fidelity corporate bond etf	-342,624
firstenergy corp com	-201,608
marketaxess hldgs inc com	-337,174
fiserv inc	-221,502
vanguard total stk mkt	-356,393

NORRIS PERNE & FRENCH LLP/MI got rid off the above stocks

Sector Distribution

NORRIS PERNE & FRENCH LLP/MI has about 27.6% of it's holdings in Technology sector.

Sector	%
Technology	27.6
Others	17.2
Industrials	13.3
Healthcare	10.2
Consumer Cyclical	10.1
Financial Services	6.8
Communication Services	6.3
Basic Materials	5.9
Energy	1.9

Market Cap. Distribution

NORRIS PERNE & FRENCH LLP/MI has about 74.3% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	39.7
MEGA-CAP	34.6
UNALLOCATED	17.2
MID-CAP	8.2

Stocks belong to which Index?

About 70.2% of the stocks held by NORRIS PERNE & FRENCH LLP/MI either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	70.2
Others	28.8

Top 5 Winners (%)		%
COHR	coherent corp	69.5 %
LLY	eli lilly & co com	33.4 %
AMD	advanced micro devices inc com	31.1 %
KNX	knight-swift transportation holdings inc	30.9 %
GOOG	alphabet inc cap stk cl c	28.6 %

Top 5 Winners ($)		$
COHR	coherent corp	24.5 M
GOOG	alphabet inc.	18.4 M
AMAT	applied matls inc com	9.7 M
KNX	knight-swift transportation holdings inc	5.5 M
EPAM	epam systems inc	5.4 M

Top 5 Losers (%)		%
NFLX	netflix com inc	-86.6 %
ORCL	oracle corporation	-30.1 %
AXON	axon enterprise inc com	-20.9 %
ZBRA	zebra technologies corporation cl a	-18.0 %
FAST	fastenal co	-17.9 %

Top 5 Losers ($)		$
MSFT	microsoft	-7.8 M
NFLX	netflix com inc	-6.0 M
LNG	cheniere energy inc com new	-5.5 M
LIN	linde plc shs	-4.0 M
FAST	fastenal co	-3.7 M

NORRIS PERNE & FRENCH LLP/MI Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of NORRIS PERNE & FRENCH LLP/MI

NORRIS PERNE & FRENCH LLP/MI has 163 stocks in it's portfolio. About 37.3% of the portfolio is in top 10 stocks. MSFT proved to be the most loss making stock for the portfolio. COHR was the most profitable stock for NORRIS PERNE & FRENCH LLP/MI last quarter.

Last Reported on: 23 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	1.56	86,726	23,577,300	added	1.33

AAXJ	ishares msci eafe growth index etf	0.39	51,513	5,868,360	added	4.34

AAXJ	ishares trust ishares 0-1 year treasury bond etf	0.04	5,633	620,475	unchanged	0.00

AAXJ	ishares msci acwi ex us	0.01	3,310	222,200	new

ABBV	abbvie inc com	0.05	3,492	797,887	reduced	-0.94

ABT	abbott labs com	1.73	209,493	26,247,400	reduced	-2.63

ACN	accenture ltd bermuda cl a	0.01	830	222,689	unchanged	0.00

ADBE	adobe sys inc	1.35	58,379	20,431,900	added	12.42

ADP	automatic data processing inc com	0.00	0.00	0.00	sold off	-100

AFL	aflac inc com	0.01	1,856	204,661	reduced	-6.07

AGT	ishares core msci international developed markets etf	0.62	113,853	9,390,640	added	34.68

ALSN	allison transmission hldgs inc com	1.62	251,281	24,600,400	reduced	-1.97

AMAT	applied matls inc com	3.10	182,823	46,983,700	reduced	-2.78

AMD	advanced micro devices inc com	0.02	1,216	260,419	reduced	-7.6

AMPS	ishares tr msci usa minimum volatility index fd	0.01	2,461	231,730	added	2.93

AMZN	amazon.com inc	3.38	221,529	51,133,300	reduced	-1.31

ANET	arista networks inc com shs	0.37	42,499	5,568,640	reduced	-33.54

AOA	ishares trust russell 200 growth index fd	0.05	2,800	775,432	unchanged	0.00

AON	aon corp	0.02	715	252,309	unchanged	0.00

APH	amphenol corp cl a	0.05	5,875	793,948	added	4.48