DEARBORN PARTNERS LLC

Long Only Manager

DEARBORN PARTNERS LLC is a Long Only Manager based in Chicago, IL led by Donald Gordon Mckinnon, reporting $3.5B in AUM as of Q3 2025 with AAPL as the largest holding (6% allocation).

CCODonald Gordon Mckinnon

Portfolio Value: $2.1B
Positions: 250
Top Holding: AAPL at 5.53%
Last Reported: Q3 2025

Address200 W Madison St, Suite 1950, Chicago, IL, 60606, United States

Top Holdings

Largest long holdings in DEARBORN PARTNERS LLC's portfolio (27.4% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Apple AAPL	Consumer Electronics Technology	$117.8M	5.53%	-$1.6M Sold	0.00% 462.5K shares	≤ Q2 2013 Held for 12y 5m+
2 Microsoft MSFT	Software - Infrastructure Technology	$96.5M	4.53%	-$986.2K Sold	0.00% 186.3K shares	≤ Q2 2013 Held for 12y 5m+
3 Automatic Data Processing, Inc. ADP	Staffing & Employment Services Industrials	$56.9M	2.67%	-$382.1K Sold	0.05% 193.8K shares	≤ Q2 2013 Held for 12y 5m+
4 McDonald's MCD	Restaurants Consumer Cyclical	$51.2M	2.40%	-$362.2K Sold	0.02% 168.5K shares	≤ Q2 2013 Held for 12y 5m+
5 Casey's General Stores CASY	Specialty Retail Consumer Cyclical	$48.6M	2.28%	+$135.1K Bought	0.23% 86.0K shares	Q4 2018 Held for 6y 11m
6 Home Depot HD	Home Improvement Consumer Cyclical	$44.2M	2.07%	-$543.4K Sold	0.01% 109.1K shares	Q2 2017 Held for 8y 5m
7 WEC Energy Group WEC	Regulated Electric Utilities	$43.8M	2.05%	-$50.9K Sold	0.12% 381.9K shares	Q1 2014 Held for 11y 8m
8 Walmart WMT	Discount Stores Consumer Defensive	$43.5M	2.04%	-$166.3K Sold	0.01% 421.8K shares	≤ Q2 2013 Held for 12y 5m+
9 Republic Services RSG	Waste Management Industrials	$41.0M	1.92%	-$303.6K Sold	0.06% 178.5K shares	≤ Q2 2013 Held for 12y 5m+
10 Mastercard MA	Financial - Credit Services Financial Services	$40.6M	1.91%	-$592.1K Sold	0.01% 71.4K shares	Q3 2016 Held for 9y 2m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in DEARBORN PARTNERS LLC's latest filing

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Market Value

$2.1B

Prior: $2.1B

Q/Q Change

+0.95%

+$20.0M

Net Flows % of MV

-1.37%

Turnover Ratio

1.53%

New Purchases

10 stocks

$3.6M

Added To

63 stocks

+$14.0M

Sold Out Of

14 stocks

$4.6M

Reduced Holdings

130 stocks

-$42.3M

Increased Positions

Position	Shares Δ	Change
1 FMC Corporation FMC	New	0 → 22.2K +$747.4K
2 iShares MBS MBB	New	0 → 5.7K +$538.6K
3 JIRE JPMorgan International Research Enhanced Equity JIRE	New	0 → 6.2K +$454.1K
4 UL Solutions ULS	New	0 → 4.5K +$315.3K
5 iShares National Muni Bond MUB	New	0 → 2.6K +$274.1K

Decreased Positions

Position	Shares Δ	Change
1 Idexx Laboratories IDXX	Sold	1.1K → 0 −$579.8K
2 Public Storage PSA	Sold	1.8K → 0 −$529.1K
3 Zebra Technologies ZBRA	Sold	1.2K → 0 −$370.0K
4 National Grid NGG	Sold	4.8K → 0 −$355.1K
5 Kinder Morgan KMI	Sold	11.5K → 0 −$339.2K