SEARLE & CO.

GREENWICH, CT · CIK 710127 · 13F filing filed 2023-08-11

SEC-registered investment adviser since 2007 · corporation

Assets managed$629.9m
Staff13 · 7 in investment roles
Main clients (by assets)High net worth individuals 99%
Websitesearleco.com
Form ADV · 2025-12-16SEC adviser record

$322.9m reported value +5.7% vs Q1 2023

151positions

40.0%in top 10

7 new 15 added 14 reduced 4 sold out vs Q1 2023

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	JPMORGAN CHASE & CO COM JPM	JPM	261,134	$41.2m12.78%	12.78%	Added +17	+17 0.0%
2	APPLE INC COM AAPL	AAPL	123,826	$24.3m7.53%	7.53%	Reduced -1.2k	-1,187 -0.9%
3	MICROSOFT CORP COM MSFT	MSFT	38,099	$12.8m3.96%	3.96%	Added +144	+144 0.4%
4	EXXON MOBIL CORP COM XOM	XOM	76,480	$8.2m2.54%	2.54%	Unchanged
5	PEPSICO INC COM PEP	PEP	43,210	$8.1m2.51%	2.51%	Unchanged
6	NUCOR CORP COM NUE	NUE	46,383	$8.0m2.47%	2.47%	Unchanged
7	JOHNSON & JOHNSON COM JNJ	JNJ	40,336	$6.8m2.09%	2.09%	Added +335	+335 0.8%
8	PALO ALTO NETWORKS INC COM PANW	PANW	26,667	$6.7m2.06%	2.06%	Reduced -100	-100 -0.4%
9	ABBVIE INC COM ABBV	ABBV	44,447	$6.6m2.06%	2.06%	Unchanged
10	BANK AMERICA CORP COM BAC	BAC	201,060	$6.4m1.99%	1.99%	Unchanged
11	MCDONALDS CORP COM MCD	MCD	20,617	$6.0m1.87%	1.87%	Unchanged
12	VISA INC COM CL A V	V	24,520	$5.8m1.81%	1.81%	Added +437	+437 1.8%
13	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	93,144	$5.8m1.79%	1.79%	Reduced -112	-112 -0.1%
14	AMERICAN EXPRESS CO COM AXP	AXP	34,090	$5.8m1.78%	1.78%	Unchanged
15	CATERPILLAR INC COM CAT	CAT	20,322	$5.4m1.67%	1.67%	Unchanged
16	PHILIP MORRIS INTL INC COM PM	PM	47,394	$4.7m1.46%	1.46%	Added +200	+200 0.4%
17	PROCTER AND GAMBLE CO COM PG	PG	29,950	$4.7m1.45%	1.45%	Unchanged
18	YUM BRANDS INC COM YUM	YUM	33,540	$4.6m1.43%	1.43%	Unchanged
19	ROCKWELL AUTOMATION INC COM ROK	ROK	12,593	$4.2m1.31%	1.31%	Unchanged
20	RTX CORPORATION COM RTX	RTX	47,846	$4.2m1.30%	1.30%	Unchanged
21	HONEYWELL INTL INC COM COM		21,562	$4.2m1.30%	1.30%	Unchanged
22	REVVITY INC COM RVTY	RVTY	33,500	$4.1m1.28%	1.28%	Unchanged
23	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	16,196	$4.0m1.24%	1.24%	Unchanged
24	MERCK & CO INC COM MRK	MRK	36,690	$3.9m1.21%	1.21%	Unchanged
25	HESS CORP COM HES	HES	24,750	$3.8m1.16%	1.16%	Unchanged
26	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	23,441	$3.4m1.05%	1.05%	Reduced -100	-100 -0.4%
27	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	9,326	$3.3m1.02%	1.02%	Unchanged
28	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	8,157	$3.1m0.97%	0.97%	Added +7	+7 0.1%
29	PFIZER INC COM PFE	PFE	83,066	$3.0m0.93%	0.93%	Reduced -1.5k	-1,496 -1.8%
30	DIAGEO PLC SPON ADR NEW DEO	DEO	16,610	$2.9m0.91%	0.91%	Unchanged
31	NORTHROP GRUMMAN CORP COM NOC	NOC	6,418	$2.9m0.88%	0.88%	Unchanged
32	UNITED PARCEL SERVICE INC CL B UPS	UPS	15,050	$2.8m0.87%	0.87%	Unchanged
33	HOME DEPOT INC COM HD	HD	7,983	$2.7m0.83%	0.83%	Unchanged
34	NEXTERA ENERGY PARTNERS LP COM UNIT PART IN XIFR	XIFR	48,600	$2.6m0.82%	0.82%	Unchanged
35	BOEING CO COM BA	BA	10,863	$2.6m0.80%	0.80%	Unchanged
36	YUM CHINA HLDGS INC COM YUMC	YUMC	42,460	$2.6m0.80%	0.80%	Unchanged
37	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		35,350	$2.5m0.79%	0.79%	Unchanged
38	NIKE INC CL B NKE	NKE	22,600	$2.5m0.77%	0.77%	Added +500	+500 2.3%
39	EATON CORP PLC SHS ETN	ETN	11,400	$2.3m0.72%	0.72%	Unchanged
40	QUALCOMM INC COM QCOM	QCOM	17,600	$2.3m0.72%	0.72%	Unchanged
41	CISCO SYS INC COM CSCO	CSCO	44,070	$2.3m0.71%	0.71%	Unchanged
42	DANAHER CORPORATION COM DHR	DHR	8,902	$2.3m0.70%	0.70%	Unchanged
43	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	4,805	$2.2m0.68%	0.68%	Added +5	+5 0.1%
44	TARGA RES CORP COM TRGP	TRGP	26,500	$2.2m0.67%	0.67%	Unchanged
45	HORIZON THERAPEUTICS PUB L SHS HZNP	HZNP	21,350	$2.1m0.66%	0.66%	Reduced -894	-894 -4.0%
46	DISNEY WALT CO COM DIS	DIS	23,463	$2.1m0.65%	0.65%	Unchanged
47	CVS HEALTH CORP COM CVS	CVS	27,830	$2.1m0.64%	0.64%	Reduced -50	-50 -0.2%
48	ABBOTT LABS COM ABT	ABT	16,900	$1.9m0.58%	0.58%	Unchanged
49	API GROUP CORP COM STK APG	APG	63,500	$1.8m0.57%	0.57%	Unchanged
50	EQUITABLE HLDGS INC COM EQH	EQH	60,300	$1.7m0.54%	0.54%	Added +1.4k	+1,400 2.4%
51	MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP COM UNIT RP LP		25,520	$1.7m0.52%	0.52%	Unchanged
52	OLIN CORP COM PAR $1 OLN	OLN	26,900	$1.6m0.48%	0.48%	Unchanged
53	UNION PAC CORP COM UNP	UNP	6,608	$1.5m0.47%	0.47%	Unchanged
54	BAXTER INTL INC COM BAX	BAX	33,752	$1.5m0.47%	0.47%	Unchanged
55	AMAZON COM INC COM AMZN	AMZN	11,300	$1.5m0.47%	0.47%	Unchanged
56	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	8,100	$1.4m0.45%	0.45%	Unchanged
57	CHEMOURS CO COM CC	CC	38,568	$1.4m0.44%	0.44%	Unchanged
58	CONOCOPHILLIPS COM COP	COP	11,729	$1.4m0.43%	0.43%	Unchanged
59	CHEVRON CORP NEW COM CVX	CVX	8,401	$1.4m0.43%	0.43%	Reduced -2	-2 -0.0%
60	ELEVANCE HEALTH INC COM ELV	ELV	2,865	$1.4m0.42%	0.42%	Added +75	+75 2.7%
61	COLGATE PALMOLIVE CO COM CL	CL	16,600	$1.3m0.39%	0.39%	Reduced -120	-120 -0.7%
62	COSTCO WHSL CORP NEW COM COST	COST	2,255	$1.3m0.39%	0.39%	Unchanged
63	AMERICAN ELEC PWR CO INC COM AEP	AEP	14,444	$1.2m0.38%	0.38%	Unchanged
64	MONDELEZ INTL INC CL A MDLZ	MDLZ	13,672	$1.0m0.31%	0.31%	Unchanged
65	AT&T INC COM T	T	69,495	$1.0m0.31%	0.31%	Reduced -2.7k	-2,724 -3.8%
66	NEXTERA ENERGY INC COM NEE	NEE	13,648	$1.0m0.31%	0.31%	Unchanged
67	BORGWARNER INC COM BWA	BWA	21,200	$985.8k0.31%	0.31%	Unchanged
68	BUNGE LIMITED COM BG	BG	8,700	$945.4k0.29%	0.29%	Unchanged
69	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	35,371	$937.7k0.29%	0.29%	Added +317	+317 0.9%
70	PHILLIPS 66 COM PSX	PSX	8,171	$911.5k0.28%	0.28%	Added +12	+12 0.1%
71	CINTAS CORP COM CTAS	CTAS	1,800	$903.7k0.28%	0.28%	Unchanged
72	CORTEVA INC COM CTVA	CTVA	15,912	$897.9k0.28%	0.28%	Unchanged
73	DOW INC COM DOW	DOW	15,857	$895.4k0.28%	0.28%	Unchanged
74	ALPHABET INC CAP STK CL C GOOG	GOOG	6,590	$877.2k0.27%	0.27%	Added +100	+100 1.5%
75	NORFOLK SOUTHN CORP COM NSC	NSC	3,739	$873.4k0.27%	0.27%	Unchanged
76	VERIZON COMMUNICATIONS INC COM VZ	VZ	25,187	$858.4k0.27%	0.27%	Reduced -1.3k	-1,305 -4.9%
77	ISHARES TR CORE S&P500 ETF IVV	IVV	1,858	$855.0k0.26%	0.26%	Unchanged
78	BROOKFIELD CORP CL A LTD VT SH BN	BN	22,500	$786.9k0.24%	0.24%	Unchanged
79	WELLS FARGO CO NEW PERP PFD CNV A WFC 7.5 PERP L	WFC 7.5 PERP L	654	$771.1k0.24%	0.24%	Unchanged
80	DARDEN RESTAURANTS INC COM DRI	DRI	4,500	$760.1k0.24%	0.24%	Unchanged
81	ARCHER DANIELS MIDLAND CO COM ADM	ADM	8,925	$758.3k0.23%	0.23%	Unchanged
82	EOG RES INC COM EOG	EOG	5,600	$742.2k0.23%	0.23%	Unchanged
83	WEC ENERGY GROUP INC COM WEC	WEC	8,200	$736.9k0.23%	0.23%	Unchanged
84	MOTOROLA SOLUTIONS INC COM NEW MSI	MSI	2,469	$707.7k0.22%	0.22%	Unchanged
85	EASTMAN CHEM CO COM EMN	EMN	8,000	$684.6k0.21%	0.21%	Unchanged
86	FEDEX CORP COM FDX	FDX	2,450	$661.4k0.20%	0.20%	Unchanged
87	INCYTE CORP COM INCY	INCY	10,250	$653.1k0.20%	0.20%	Unchanged
88	DUPONT DE NEMOURS INC COM DWDP	DWDP	8,126	$630.8k0.20%	0.20%	Unchanged
89	FRESENIUS MEDICAL CARE AG SPONSORED ADR FMS	FMS	23,288	$608.0k0.19%	0.19%	Unchanged
90	COCA COLA CO COM KO	KO	8,975	$555.8k0.17%	0.17%	Unchanged
91	KIMBERLY-CLARK CORP COM KMB	KMB	4,226	$545.6k0.17%	0.17%	Unchanged
92	IMPERIAL OIL LTD COM NEW IMO	IMO	10,000	$539.2k0.17%	0.17%	Unchanged
93	CORNING INC COM GLW	GLW	15,700	$532.9k0.17%	0.17%	Unchanged
94	FORD MTR CO COM F	F	40,000	$528.4k0.16%	0.16%	Unchanged
95	INTERNATIONAL FLAVORS&FRAGRA COM IFF	IFF	5,923	$501.1k0.16%	0.16%	Unchanged
96	HUNTINGTON INGALLS INDS INC COM HII	HII	2,126	$488.3k0.15%	0.15%	Unchanged
97	GE AEROSPACE COM NEW GE	GE	4,069	$464.8k0.14%	0.14%	Reduced -80	-80 -1.9%
98	TRAVELERS COMPANIES INC COM TRV	TRV	2,673	$461.4k0.14%	0.14%	Unchanged
99	ELI LILLY & CO COM LLY	LLY	1,000	$454.6k0.14%	0.14%	Unchanged
100	TEXAS INSTRS INC COM TXN	TXN	2,500	$450.0k0.14%	0.14%	Unchanged

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
TRUIST FINL CORP TFC	TFC	21,435	$698.4k21.4k shares
PROGRESSIVE CORP PGR	PGR	4,850	$661.5k4.8k shares
3M CO MMM	MMM	2,743	$291.4k2.7k shares
CREDIT SUISSE GROUP		22,500	$20.1k22.5k shares