Acropolis Investment Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 7, 2025), Acropolis Investment Management, LLC reported 266 stock positions worth $2.0 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 16.4% of the portfolio, followed by Vanguard Total Bond Market (BND, 8.4%) and Vanguard Ftse Developed ETF (VEA, 8.0%). Compared with Q2 2025, it opened 32 new positions, sold out of 11, added to 172 and reduced 24. The biggest buy was Microsoft (MSFT, shares +111%) and the biggest sale an exit from Powershares.

Most Recent 13F
Q2 2026
Location
ST. LOUIS, MO
CIK
0001318601
Portfolio Value
$2.0B (Q3 2025)
SEC Filing
0001104659-25-097485 ↗ filed Oct 7, 2025

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $1.5B Q1 2024 Q2 2024: $1.6B Q2 2024 Q3 2024: $1.7B Q3 2024 Q4 2024: $1.7B Q4 2024 Q1 2025: $1.7B Q1 2025 Q2 2025: $1.8B Q2 2025 Q3 2025: $2.0B $2.0B Q3 2025 Q4 2025: $2.2B Q4 2025 Q1 2026: $2.3B Q1 2026 Q2 2026: $2.5B Q2 2026

Holdings 266 stocks · $2.0B

VOO Vanguard S&P 500 ETF 16.42% 569,077 $323.3M Add +6.0%
BND Vanguard Total Bond Market 8.36% 2,233,448 $164.4M Add +3.9%
VEA Vanguard Ftse Developed ETF 8.02% 2,770,339 $157.9M Add +6.4%
VGSH Vanguard Short-Term Treasury 5.80% 1,941,060 $114.1M Add +3.3%
IJR iShares Core S&P Small-Cap E 5.44% 979,780 $107.1M Add +6.3%
IGIB iShares 5-10Y Inv Grade Corp. 5.33% 1,966,925 $104.8M Add +4.6%
IJH iShares Core S&P Midcap ETF 5.32% 1,689,031 $104.8M Add +7.3%
VMBS Vanguard Mortgage-Backed Sec 4.08% 1,732,187 $80.3M Add +4.4%
SMLF iShares US Smallcap Equity F 3.16% 915,251 $62.2M Add +5.1%
VWO Vanguard Ftse Emerging Marke 2.51% 998,808 $49.4M Add +6.1%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 2.48% 171,400 $48.9M Add +3.1%
IEFA iShares Core MSCI Eafe ETF 2.04% 480,486 $40.1M Add +11.7%
MTUM iShares MSCI USA Momentum Fa 1.64% 134,659 $32.4M Add +4.5%
IMTM iShares MSCI Intl Momentum F 1.46% 629,086 $28.7M Add +4.6%
DFLV Dim US Large Cap Value ETF 1.25% 796,249 $24.7M Add +5.5%
DFIV Dimensional International Va 1.12% 513,890 $22.0M Add +5.5%
MSFT Microsoft Corp. 1.05% 41,627 $20.7M Add +110.8%
AAPL Apple Inc. 1.00% 95,577 $19.6M Add +20.4%
IVV iShares Core S&P 500 ETF 0.90% 28,648 $17.8M Add +3.5%
IVW iShares S&P 500 Growth ETF 0.89% 158,497 $17.5M Add +2.3%
VB Vanguard Most SM-Cap ETF-Usd 0.85% 70,475 $16.7M Add +3.6%
AVUS Avantis U.S. Equity ETF 0.82% 160,136 $16.1M Add +1.4%
LRGF iShares US Equity Factor ETF 0.76% 231,813 $14.9M Add +0.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.66% 46,346 $13.0M Add +4.1%
PG The Procter & Gamble Co. 0.54% 66,504 $10.6M Add +1766.5%
WMT Walmart Inc. 0.53% 107,100 $10.5M Add +14.8%
INTF iShares International Equity 0.53% 303,958 $10.4M Add +0.8%
IVE iShares S&P 500 Value ETF 0.52% 52,819 $10.3M Add +1.5%
NVDA Nvidia Corp. 0.50% 62,665 $9.9M Add +13.4%
VUG Vanguard Mrngstar GR ETF-Sui 0.49% 21,899 $9.6M Add +4.0%
IEMG iShares Core MSCI Emerging 0.48% 157,093 $9.4M Add +10.5%
DFCF Dimensional Core Fixed Inc. 0.43% 199,864 $8.4M Add +0.8%
MUB iShares National Muni Bond E 0.39% 72,880 $7.6M Add +12.0%
BRK.B Berkshire Hathaway Inc. Class B 0.36% 14,581 $7.1M Add +33.2%
VCIT Vanguard Int-Term Corporate 0.33% 78,440 $6.5M Add +6.0%
JPM JPMorgan Chase & Co. 0.32% 21,693 $6.3M Add +7.6%
AMZN Amazon.com Inc. 0.32% 28,374 $6.2M Add +9.5%
GOOGL Alphabet Inc. Class A 0.30% 33,453 $5.9M Add +3.9%
SPY SS SPDR S&P 500 ETF Trust-US 0.27% 8,687 $5.4M Add +51.2%
V Visa Inc. Class A 0.27% 15,079 $5.4M Add +2.0%
SCHF Schwab Intl Equity ETF 0.26% 234,436 $5.2M Add +12.0%
IWR iShares Russell Mid-Cap ETF 0.26% 56,152 $5.2M No change
UNH Unitedhealth Group Inc. 0.24% 15,371 $4.8M Add +49.3%
IEI iShares 3-7 Year Treasury Bo 0.23% 38,256 $4.6M Add +4.4%
VGIT Vanguard Intermediate-Term T 0.22% 73,208 $4.4M Add +15.2%
VTV Vanguard Mrngstr Val ETF-Aui 0.22% 24,422 $4.3M Add +6.0%
IWM iShares Russell 2000 ETF 0.20% 18,355 $4.0M Add +25.4%
BSV Vanguard Short-Term Bond ETF 0.20% 50,091 $3.9M Add +2.5%
EFA iShares MSCI Eafe ETF 0.20% 43,774 $3.9M Add +4.3%
VTI VG Morningstar TS MKT ETF-US 0.20% 12,873 $3.9M Add +98.4%
XLK SS Technology Select Sector 0.20% 15,214 $3.9M Add +14.5%
IWD iShares Russell 1000 Value E 0.19% 19,692 $3.8M No change
IYW iShares Ustechnology ETF 0.18% 20,693 $3.6M Reduce -0.1%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.18% 12,703 $3.5M Add +0.9%
TRV The Travelers Cos Inc. 0.18% 12,993 $3.5M Add +11.1%
XOM Exxon Mobil Corp. 0.17% 30,955 $3.3M Add +11.7%
JNJ Johnson & Johnson 0.17% 21,838 $3.3M Add +6.0%
IEF iShares 7-10 Year Treasury B 0.16% 32,160 $3.1M Add +6.4%
SCZ iShares MSCI Eafe Small-Cap 0.15% 40,169 $2.9M Add +2.3%
MS Morgan Stanley 0.15% 20,656 $2.9M Add +11.3%
SXT Sensient Technologies Corp. 0.14% 28,421 $2.8M New
KR Kroger Co. 0.14% 38,024 $2.7M Add +6.6%
QQQ Invesco QQQ Trust Series 1 0.14% 4,943 $2.7M New
CVX Chevron Corp. 0.13% 18,026 $2.6M Add +13.1%
IWB iShares Russell 1000 ETF 0.13% 7,558 $2.6M No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.13% 13,108 $2.6M Add +4.0%
AVSC Avantis US Small Cap Equity 0.12% 45,745 $2.4M No change
IWF iShares Russell 1000 Growth 0.11% 5,146 $2.2M No change
LMT Lockheed Martin Corp. 0.10% 4,437 $2.1M Add +12.3%
ORLY O'reilly Automotive Inc. 0.10% 22,590 $2.0M Reduce -2.0%
SNA Snap-on Inc. 0.10% 6,523 $2.0M Add +2.8%
JMBS Janus Henderson Mortg Backed 0.10% 43,955 $2.0M No change
META Meta Platforms Inc. Class A 0.10% 2,617 $1.9M Add +86.5%
HD Home Depot Inc. 0.10% 5,257 $1.9M Add +15.5%
LOW Lowe's Cos Inc. 0.10% 8,629 $1.9M Add +10.9%
DE Deere & Co. 0.10% 3,765 $1.9M Add +15.2%
URI United Rentals Inc. 0.09% 2,404 $1.8M Reduce -23.2%
AVLV Avantis US Large Cap Value 0.09% 26,333 $1.8M Add +1.3%
ACN Accenture PLC Class A 0.09% 5,975 $1.8M Add +5.1%
HCA HCA Healthcare Inc. 0.09% 4,650 $1.8M Reduce -0.1%
COST Costco Wholesale Corp. 0.09% 1,787 $1.8M Add +49.5%
AGG iShares Core U.S. Aggregate 0.09% 17,680 $1.8M Add +13.6%
EBAY eBay Inc. 0.09% 23,372 $1.7M Add +3.1%
EFSC Enterprise Financial Service 0.09% 31,480 $1.7M Add +161.5%
VZ Verizon Communications Inc. 0.08% 38,604 $1.7M Add +8.5%
TSLA Tesla Inc. 0.08% 5,247 $1.7M Add +45.2%
AXP American Express Co. 0.08% 5,203 $1.7M Add +139.0%
ESGU iShares ESG Aware MSCI USA 0.08% 12,220 $1.7M No change
KMB Kimberly-Clark Corp. 0.08% 12,117 $1.6M Add +7.8%
ESGD iShares Trust iShares ESG Aw 0.08% 16,873 $1.5M Add +35.2%
MAS Masco Corp. 0.08% 23,039 $1.5M Add +3.9%
ETR Entergy Corp. 0.07% 17,644 $1.5M Add +2.8%
LLY Eli Lilly & Co. 0.07% 1,840 $1.4M Add +0.2%
XLE SS Energy Select Sector 0.07% 16,615 $1.4M Add +30.2%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.07% 8,400 $1.4M No change
BMY Bristol-Myers Squibb Co. 0.07% 28,924 $1.3M Add +9.3%
EA Electronic Arts Inc. 0.07% 8,170 $1.3M Add +2.9%
ABBV Abbvie Inc. 0.07% 6,978 $1.3M Add +115.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.07% 10,395 $1.3M Add +9.3%
VNQ Vanguard Real Estate ETF 0.06% 14,310 $1.3M Add +56.1%

Show all 266 holdings

Portfolio Sells Q2 2025 → Q3 2025

POWERSHARES Sold out 0.00% −0.13
MA Mastercard Inc. Class A Reduce -36.6% 0.05% −0.04
URI United Rentals Inc. Reduce -23.2% 0.09% −0.04
DHR Danaher Corp. Sold out 0.00% −0.03
AMAT Applied Materials Inc. Reduce -40.2% 0.03% −0.03
DHI D.R. Horton Inc. Reduce -63.4% 0.01% −0.02
J Jacobs Engineering Group Inc. Sold out 0.00% −0.02
MNST Monster Beverage 1990 Corp. Sold out 0.00% −0.02
GE General Electric Company Sold out 0.00% −0.02
CPRT Copart Inc. Sold out 0.00% −0.02
FTNT Fortinet Inc. Sold out 0.00% −0.02
IYW iShares Ustechnology ETF Reduce -0.1% 0.18% −0.01
AME Ametek Inc. Sold out 0.00% −0.01
MRVL Marvell Technology Inc. Sold out 0.00% −0.01
FICO Fair Isaac Corp. Sold out 0.00% −0.01
VRSK Verisk Analytics Inc. Sold out 0.00% −0.01
ORLY O'reilly Automotive Inc. Reduce -2.0% 0.10% −0.01
HCA HCA Healthcare Inc. Reduce -0.1% 0.09% −0.01
NFLX Netflix Inc. Reduce -4.8% 0.02% −0.00
ISRG Intuitive Surgical Inc. Reduce -2.5% 0.03% −0.00
COF Capital One Financial Corp. Reduce -1.2% 0.03% −0.00
ORCL Oracle Corp. Reduce -4.4% 0.02% −0.00
DGX Quest Diagnostics Inc. Reduce -0.2% 0.03% −0.00
KO The Coca-Cola Co. Reduce -1.6% 0.02% −0.00
SBUX Starbucks Corp. Reduce -0.8% 0.02% −0.00
PH Parker Hannifin Corp. Reduce -1.2% 0.02% −0.00
TXN Texas Instruments Inc. Reduce -0.2% 0.02% −0.00
SYY Sysco Corp. Reduce -1.9% 0.01% −0.00
VRTX Vertex Pharmaceuticals Inc. Reduce -2.7% 0.01% −0.00
ALL Allstate Corp. Reduce -1.9% 0.01% −0.00
APH Amphenol Corp. Class A Reduce -1.8% 0.01% −0.00
EFX Equifax Inc. Reduce -0.8% 0.01% −0.00
LUV Southwest Airlines Co. Reduce -0.8% 0.01% −0.00
UHS Universal Health Services-B Reduce -0.6% 0.01% −0.00
EXC Exelon Corp. Reduce -0.6% 0.01% −0.00

Portfolio Buys Q2 2025 → Q3 2025

MSFT Microsoft Corp. Add +110.8% 1.05% +0.51
PG The Procter & Gamble Co. Add +1766.5% 0.54% +0.51
SXT Sensient Technologies Corp. New 0.14% +0.14
QQQ Invesco QQQ Trust Series 1 New 0.14% +0.14
AAPL Apple Inc. Add +20.4% 1.00% +0.10
VTI VG Morningstar TS MKT ETF-US Add +98.4% 0.20% +0.09
SPY SS SPDR S&P 500 ETF Trust-US Add +51.2% 0.27% +0.08
BRK.B Berkshire Hathaway Inc. Class B Add +33.2% 0.36% +0.07
UNH Unitedhealth Group Inc. Add +49.3% 0.24% +0.07
IEFA iShares Core MSCI Eafe ETF Add +11.7% 2.04% +0.06
EFSC Enterprise Financial Service Add +161.5% 0.09% +0.05
DIA SS SPDR Dow Jones Indus Avg New 0.05% +0.05
AXP American Express Co. Add +139.0% 0.08% +0.05
META Meta Platforms Inc. Class A Add +86.5% 0.10% +0.04
UNP Union Pacific Corp. New 0.04% +0.04
ABT Abbott Laboratories Add +151.7% 0.06% +0.03
ABBV Abbvie Inc. Add +115.9% 0.07% +0.03
DFAC Dimensional US Core Equity 2 New 0.03% +0.03
WMT Walmart Inc. Add +14.8% 0.53% +0.03
AOA iShares Core 80/20 Aggressiv Add +207.7% 0.05% +0.03
BUSE First Busey Corp. New 0.03% +0.03
IWC iShares Micro-Cap ETF New 0.03% +0.03
IWV iShares Russell 3000 ETF Add +236.4% 0.04% +0.03
IWM iShares Russell 2000 ETF Add +25.4% 0.20% +0.03
AEE Ameren Corporation Add +140.0% 0.05% +0.03
GE General Electric New 0.03% +0.03
COST Costco Wholesale Corp. Add +49.5% 0.09% +0.02
NVDA Nvidia Corp. Add +13.4% 0.50% +0.02
WFC Wells Fargo & Co. New 0.02% +0.02
FAS Dirx DLY Finacial B3X ETF-Ui New 0.02% +0.02
TSLA Tesla Inc. Add +45.2% 0.08% +0.02
SCHW Schwab (charles) Corp. New 0.02% +0.02
VNQ Vanguard Real Estate ETF Add +56.1% 0.06% +0.02
CRM Salesforce Inc. New 0.02% +0.02
IYF iShares US Financials ETF Add +64.7% 0.05% +0.02
MNST Monster Beverage Corp. New 0.02% +0.02
AMP Ameriprise Financial Inc. New 0.02% +0.02
J Jacobs Solutions Inc. New 0.02% +0.02
BAH Booz Allen Hamilton Holdings Add +134.9% 0.03% +0.02
BA The Boeing Co. Add +65.8% 0.05% +0.02
ESGD iShares Trust iShares ESG Aw Add +35.2% 0.08% +0.02
VGIT Vanguard Intermediate-Term T Add +15.2% 0.22% +0.01
MUB iShares National Muni Bond E Add +12.0% 0.39% +0.01
PLTR Palantir Technologies Inc. Class A Add +73.4% 0.03% +0.01
AVUV Avantis US Small Cap Value New 0.01% +0.01
WM Waste Management Inc. New 0.01% +0.01
EPD Enterprise Products Partners New 0.01% +0.01
RTX RTX Corp. Add +40.2% 0.05% +0.01
XLE SS Energy Select Sector Add +30.2% 0.07% +0.01
GEV GE Vernova Inc. New 0.01% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 384$2.5BVOO, VEA, DFCF, VGIT, IJR
Q1 2026 383$2.3BVOO, VEA, DFCF, VGIT, IJR
Q4 2025 297$2.2BVOO, VEA, DFCF, IJR, IJH
Q3 2025 266$2.0BVOO, BND, VEA, VGSH, IJR
Q2 2025 245$1.8BVOO, BND, VEA, VGSH, IJR
Q1 2025 298$1.7BVOO, BND, VEA, VGSH, IJR
Q4 2024 301$1.7BVOO, BND, VEA, IJR, VGSH
Q3 2024Amended 299$1.7BVOO, BND, VEA, IJR, IJH
Q2 2024 289$1.6BVOO, BND, VEA, IJR, VGSH
Q1 2024 286$1.5BVOO, BND, VEA, IJR, IJH