DEARBORN PARTNERS LLC

PrivateCIK: 1206792

Location

CHICAGO, IL

269

Positions

$1.85B

Total AUM (reported)

12.05M

Total Shares

Allocation by class

COM$1.79B96.7%

ETF$61.27M3.3%

Portfolio Concentration

Top 3$234.21M12.7%

4–10$270.43M14.6%

11–25$457.71M24.8%

Rest$884.94M47.9%

Top 3 weight

12.7%

Top 10 weight

27.3%

Voting Authority Distribution

Total shares with voting rights: 12.05M

Sole

Full voting authority

11.58M

% of voting shares96.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

479.35K

% of voting shares4.0%

Investment Discretion (by position count)

Sole269

Shared0

Other0

Dominant voting typeSole · 96.0% of voting shares

Institutional Holdings269

Rows:

Apple Inc.

SOLE

COM

Shares422.03K

TypeSH

Market value$107.11M

5.80%

Sole

417.47K

Shared

0.00

None

4.56K

Microsoft Corp

SOLE

COM

Shares190.46K

TypeSH

Market value$70.50M

3.82%

Sole

188.29K

Shared

0.00

None

2.17K

Casey's General Stores Inc

SOLE

COM

Shares77.76K

TypeSH

Market value$56.60M

3.06%

Sole

75.42K

Shared

0.00

None

2.34K

McDonalds Corp

SOLE

COM

Shares154.97K

TypeSH

Market value$48.16M

2.61%

Sole

152.92K

Shared

0.00

None

2.06K

Exxon Mobil Corp

SOLE

COM

Shares269.54K

TypeSH

Market value$45.73M

2.48%

Sole

263.66K

Shared

0.00

None

5.88K

WEC Energy Group Inc

SOLE

COM

Shares314.44K

TypeSH

Market value$36.40M

1.97%

Sole

305.82K

Shared

0.00

None

8.62K

Automatic Data Processing

SOLE

COM

Shares175.65K

TypeSH

Market value$35.69M

1.93%

Sole

172.70K

Shared

0.00

None

2.95K

Amphenol Corp Cl A

SOLE

COM

Shares277.19K

TypeSH

Market value$35.02M

1.90%

Sole

272.32K

Shared

0.00

None

4.87K

Atmos Energy Corporation

SOLE

COM

Shares188.27K

TypeSH

Market value$34.78M

1.88%

Sole

183.66K

Shared

0.00

None

4.61K

Corteva Inc

SOLE

COM

Shares413.92K

TypeSH

Market value$34.65M

1.88%

Sole

398.71K

Shared

0.00

None

15.20K

Republic Services Inc

SOLE

COM

Shares156.19K

TypeSH

Market value$34.21M

1.85%

Sole

152.94K

Shared

0.00

None

3.25K

Snap-On

SOLE

COM

Shares93.79K

TypeSH

Market value$34.07M

1.84%

Sole

91.87K

Shared

0.00

None

1.92K

Verizon Communications

SOLE

COM

Shares669.52K

TypeSH

Market value$33.61M

1.82%

Sole

649.57K

Shared

0.00

None

19.95K

Watsco, Inc.

SOLE

COM

Shares89.59K

TypeSH

Market value$32.59M

1.76%

Sole

87.06K

Shared

0.00

None

2.53K

Mastercard Inc

SOLE

COM

Shares64.60K

TypeSH

Market value$32.28M

1.75%

Sole

63.96K

Shared

0.00

None

637.00

Wal-Mart Stores

SOLE

COM

Shares258.28K

TypeSH

Market value$32.10M

1.74%

Sole

251.90K

Shared

0.00

None

6.38K

Costco Wholesale Corp

SOLE

COM

Shares32.06K

TypeSH

Market value$31.95M

1.73%

Sole

31.68K

Shared

0.00

None

381.00

Illinois Tool Works Inc

SOLE

COM

Shares114.96K

TypeSH

Market value$29.92M

1.62%

Sole

113.56K

Shared

0.00

None

1.40K

CME Group Inc

SOLE

COM

Shares100.44K

TypeSH

Market value$29.67M

1.61%

Sole

98.23K

Shared

0.00

None

2.21K

Texas Instruments Incorporated

SOLE

COM

Shares149.49K

TypeSH

Market value$29.02M

1.57%

Sole

146.25K

Shared

0.00

None

3.23K

Sherwin-Williams Co

SOLE

COM

Shares87.39K

TypeSH

Market value$28.01M

1.52%

Sole

85.89K

Shared

0.00

None

1.50K

AbbVie Inc

SOLE

COM

Shares128.40K

TypeSH

Market value$27.93M

1.51%

Sole

125.55K

Shared

0.00

None

2.85K

Procter & Gamble Co

SOLE

COM

Shares192.75K

TypeSH

Market value$27.84M

1.51%

Sole

190.66K

Shared

0.00

None

2.08K

Qualcomm Inc.

SOLE

COM

Shares211.68K

TypeSH

Market value$27.26M

1.48%

Sole

208.09K

Shared

0.00

None

3.60K

Arthur J. Gallagher & Co

SOLE

COM

Shares125.86K

TypeSH

Market value$27.26M

1.48%

Sole

124.34K

Shared

0.00

None

1.52K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
Apple Inc.SOLE	COM	422.03K	SH	$107.11M 5.80%	417.47K	4.56K
Microsoft CorpSOLE	COM	190.46K	SH	$70.50M 3.82%	188.29K	2.17K
Casey's General Stores IncSOLE	COM	77.76K	SH	$56.60M 3.06%	75.42K	2.34K
McDonalds CorpSOLE	COM	154.97K	SH	$48.16M 2.61%	152.92K	2.06K
Exxon Mobil CorpSOLE	COM	269.54K	SH	$45.73M 2.48%	263.66K	5.88K
WEC Energy Group IncSOLE	COM	314.44K	SH	$36.40M 1.97%	305.82K	8.62K
Automatic Data ProcessingSOLE	COM	175.65K	SH	$35.69M 1.93%	172.70K	2.95K
Amphenol Corp Cl ASOLE	COM	277.19K	SH	$35.02M 1.90%	272.32K	4.87K
Atmos Energy CorporationSOLE	COM	188.27K	SH	$34.78M 1.88%	183.66K	4.61K
Corteva IncSOLE	COM	413.92K	SH	$34.65M 1.88%	398.71K	15.20K
Republic Services IncSOLE	COM	156.19K	SH	$34.21M 1.85%	152.94K	3.25K
Snap-OnSOLE	COM	93.79K	SH	$34.07M 1.84%	91.87K	1.92K
Verizon CommunicationsSOLE	COM	669.52K	SH	$33.61M 1.82%	649.57K	19.95K
Watsco, Inc.SOLE	COM	89.59K	SH	$32.59M 1.76%	87.06K	2.53K
Mastercard IncSOLE	COM	64.60K	SH	$32.28M 1.75%	63.96K	637.00
Wal-Mart StoresSOLE	COM	258.28K	SH	$32.10M 1.74%	251.90K	6.38K
Costco Wholesale CorpSOLE	COM	32.06K	SH	$31.95M 1.73%	31.68K	381.00
Illinois Tool Works IncSOLE	COM	114.96K	SH	$29.92M 1.62%	113.56K	1.40K
CME Group IncSOLE	COM	100.44K	SH	$29.67M 1.61%	98.23K	2.21K
Texas Instruments IncorporatedSOLE	COM	149.49K	SH	$29.02M 1.57%	146.25K	3.23K
Sherwin-Williams CoSOLE	COM	87.39K	SH	$28.01M 1.52%	85.89K	1.50K
AbbVie IncSOLE	COM	128.40K	SH	$27.93M 1.51%	125.55K	2.85K
Procter & Gamble CoSOLE	COM	192.75K	SH	$27.84M 1.51%	190.66K	2.08K
Qualcomm Inc.SOLE	COM	211.68K	SH	$27.26M 1.48%	208.09K	3.60K
Arthur J. Gallagher & CoSOLE	COM	125.86K	SH	$27.26M 1.48%	124.34K	1.52K

Page 1 of 11

…