Advisors Management Group Inc.

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 14, 2025), Advisors Management Group Inc. reported 153 stock positions worth $422.7 million. Its top holding was Global X US Preferred ETF (PFFD) at 4.8% of the portfolio, followed by iShares Preferred & Income S (PFF, 3.7%) and Invesco Preferred ETF (PGX, 3.5%). Compared with Q3 2024, it opened 5 new positions, sold out of 5, added to 68 and reduced 61. The biggest buy was Amazon.com (AMZN, shares +86%) and the biggest sale AT&T (T, shares −96%).

Most Recent 13F: Q2 2026
Location: LA CROSSE, WI
CIK: 0000842766
Portfolio Value: $422.7M (Q4 2024)
SEC Filing: 0000842766-25-000001 ↗ filed Jan 14, 2025

Holdings Value

Holdings 153 stocks · $422.7M


PFFD Global X US Preferred ETF	4.82%	1,043,416	$20.4M	Add +3.7%
PFF iShares Preferred & Income S	3.66%	491,787	$15.5M	Add +3.4%
PGX Invesco Preferred ETF	3.52%	1,288,642	$14.9M	Add +3.8%
NVDA Nvidia Corp.	3.36%	105,780	$14.2M	Add +3.5%
ETR Entergy Corp.	3.30%	183,737	$13.9M	Reduce -0.8%
SGOL Abrdn Physical Gold Shares	2.87%	483,573	$12.1M	Reduce -0.8%
MLPA Global X MLP ETF	2.86%	244,814	$12.1M	Add +4.4%
AAPL Apple Inc.	2.81%	47,442	$11.9M	Add +7.2%
FE Firstenergy Corp.	2.30%	244,360	$9.7M	Add +1.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	2.10%	40,437	$8.9M	Reduce -0.6%
AMZN Amazon.com Inc.	2.04%	39,331	$8.6M	Add +86.4%
VZ Verizon Communications Inc.	1.94%	205,285	$8.2M	Reduce -1.6%
SO The Southern Co.	1.94%	99,677	$8.2M	Reduce -1.1%
GOOGL Alphabet Inc. Class A	1.93%	43,182	$8.2M	Add +34.1%
TTE Totalenergies SE -Spon ADR	1.93%	149,536	$8.2M	Add +1.3%
ENB Enbridge Inc.	1.90%	188,983	$8.0M	Reduce -0.8%
MSFT Microsoft Corp.	1.81%	18,133	$7.6M	Add +0.0%
CSCO Cisco Systems Inc.	1.80%	128,610	$7.6M	Reduce -0.5%
WELL Welltower Inc.	1.63%	54,704	$6.9M	Reduce -1.1%
IWM iShares Russell 2000 ETF	1.58%	30,236	$6.7M	Add +2.1%
EMR Emerson Electric Co.	1.56%	53,334	$6.6M	Reduce -0.5%
O Realty Income Corp.	1.49%	118,052	$6.3M	Reduce -0.9%
HON Honeywell International Inc.	1.36%	25,493	$5.8M	Add +0.7%
LAMR Lamar Advertising Co. Class A	1.33%	46,096	$5.6M	Reduce -1.0%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	1.31%	13,048	$5.6M	Add +0.1%
JPM JPMorgan Chase & Co.	1.28%	22,595	$5.4M	Reduce -1.7%
PFE Pfizer Inc.	1.21%	192,185	$5.1M	Add +1.4%
INTC Intel Corp.	1.15%	243,102	$4.9M	Reduce -1.9%
VVR Invesco Senior Income Trust	1.12%	1,201,294	$4.7M	Add +6.0%
AMD Advanced Micro Devices	1.11%	38,940	$4.7M	Add +5.4%
VTR Ventas Inc.	1.11%	79,520	$4.7M	Reduce -0.8%
PG The Procter & Gamble Co.	1.10%	27,829	$4.7M	Reduce -0.6%
JNJ Johnson & Johnson	0.99%	28,996	$4.2M	Reduce -0.5%
MDT Medtronic PLC	0.96%	50,775	$4.1M	Add +13.3%
AEP American Electric Power	0.95%	43,491	$4.0M	Reduce -0.3%
WM Waste Management Inc.	0.91%	19,093	$3.9M	Reduce -0.4%
POWL Powell Industries Inc.	0.90%	17,207	$3.8M	Add +2.1%
MU Micron Technology Inc.	0.89%	44,611	$3.8M	Add +6.5%
QCOM Qualcomm Inc.	0.84%	23,135	$3.6M	Reduce -0.3%
QQQ Invesco QQQ Trust Series 1	0.78%	6,472	$3.3M	Add +11.3%
SCHX Schwab US Large-Cap ETF	0.76%	139,390	$3.2M	Add +12.0%
CVX Chevron Corp.	0.74%	21,590	$3.1M	Add +0.4%
GILD Gilead Sciences Inc.	0.74%	33,741	$3.1M	Reduce -1.1%
GSK GSK PLC-Spon ADR	0.73%	91,530	$3.1M	Add +6.1%
DUK Duke Energy Corp.	0.72%	28,065	$3.0M	Reduce -0.8%
SCHD Schwab US DVD Equity ETF	0.70%	108,572	$3.0M	Add +13.8%
GE General Electric filed as GE AEROSPACE	0.70%	17,773	$3.0M	Reduce -0.9%
XOM Exxon Mobil Corp.	0.67%	26,381	$2.8M	Add +0.6%
LYG Lloyds Banking Group PLC-ADR	0.66%	1,032,740	$2.8M	Reduce -2.3%
MRVL Marvell Technology Inc.	0.66%	25,150	$2.8M	Reduce -0.2%
D Dominion Energy Inc.	0.66%	51,426	$2.8M	Reduce -0.8%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX	0.65%	51,086	$2.7M	Add +0.7%
VTI VG Morningstar TS MKT ETF-US	0.64%	9,324	$2.7M	Add +15.5%
JCI Johnson Controls Internation	0.59%	31,794	$2.5M	Add +3.9%
SHEL Shell PLC-ADR	0.58%	38,848	$2.4M	Reduce -0.9%
MLI Mueller Industries Inc.	0.57%	30,322	$2.4M	Add +26.1%
ADM Archer-Daniels-Midland Co.	0.54%	45,090	$2.3M	Reduce -1.4%
DELL Dell Technologies -C	0.52%	19,114	$2.2M	Add +5.8%
MRK Merck & Co. Inc.	0.52%	21,903	$2.2M	Reduce -0.6%
KO The Coca-Cola Co.	0.51%	34,721	$2.2M	Reduce -1.4%
C Citigroup Inc.	0.51%	30,552	$2.2M	Add +1.9%
CAT Caterpillar Inc.	0.47%	5,533	$2.0M	Reduce -1.1%
PANW Palo Alto Networks Inc.	0.47%	10,919	$2.0M	Add +4.6%
IDU iShares US Utilities ETF	0.46%	20,375	$2.0M	Add +7.1%
MMM 3M Co.	0.46%	14,943	$1.9M	Add +0.1%
DOC Healthpeak Properties Inc.	0.45%	93,220	$1.9M	Reduce -1.0%
XLE SS Energy Select Sector	0.41%	20,142	$1.7M	Add +6.9%
NVS Novartis AG-Sponsored ADR	0.39%	17,022	$1.7M	Reduce -1.1%
BRK.B Berkshire Hathaway Inc. Class B	0.38%	3,569	$1.6M	Add +1.5%
XLV SS Health Care Select Sector	0.36%	11,071	$1.5M	Add +20.5%
DE Deere & Co.	0.36%	3,574	$1.5M	Add +11.6%
GEV GE Vernova Inc.	0.33%	4,240	$1.4M	Reduce -0.6%
SMH Vaneck Semiconductor ETF	0.33%	5,697	$1.4M	Add +73.2%
JEPI JPMorgan Equity Premium Inco	0.32%	23,573	$1.4M	Add +143.8%
DLR Digital Realty Trust Inc.	0.30%	7,161	$1.3M	Reduce -0.8%
XYLD Global X S&P 500 Cove Call E	0.28%	28,500	$1.2M	Add +187.4%
AVGO Broadcom Inc.	0.28%	5,137	$1.2M	Reduce -1.3%
CHD Church & Dwight Co. Inc.	0.28%	11,206	$1.2M	No change
SMIN iShares MSCI India Small-Cap	0.27%	14,866	$1.1M	Add +52.5%
KMI Kinder Morgan Inc.	0.27%	41,276	$1.1M	Add +0.2%
XLF SS Financial Select Sector	0.27%	23,286	$1.1M	Add +2.8%
OKTA Okta Inc.	0.23%	12,272	$967K	Add +4.4%
J Jacobs Solutions Inc.	0.22%	6,854	$916K	Reduce -1.3%
NGG National Grid PLC-SP ADR	0.21%	15,155	$901K	Reduce -1.4%
SPDW Ste STR SPDR PT DW Eu ETF	0.21%	26,239	$896K	Add +3.4%
EMN Eastman Chemical Co.	0.21%	9,765	$892K	Add +75.3%
IXUS iShares Core Intl Stock ETF	0.21%	13,169	$871K	Add +2.1%
OKE Oneok Inc.	0.20%	8,519	$855K	Reduce -0.5%
BUG Global X Cybersecurity ETF	0.20%	26,433	$848K	Reduce -0.5%
WMT Walmart Inc.	0.20%	9,142	$826K	Reduce -1.1%
TSLA Tesla Inc.	0.19%	2,021	$816K	Add +40.1%
XEL Xcel Energy Inc.	0.19%	11,670	$788K	Add +0.1%
FAST Fastenal Co.	0.16%	9,225	$663K	Add +3.6%
VOX Vanguard Communication Servi	0.15%	4,227	$655K	Add +5.4%
QYLD Global X Nasd 100 Cov Call	0.15%	34,615	$631K	Add +4.1%
WFC Wells Fargo & Co.	0.15%	8,753	$615K	No change
UNP Union Pacific Corp.	0.14%	2,672	$609K	Add +0.8%
UPS United Parcel Service Class B	0.14%	4,791	$604K	Reduce -0.8%
GOOG Alphabet Inc. Class C	0.14%	3,004	$572K	Add +0.3%
EOG EOG Resources Inc.	0.12%	4,245	$520K	Add +30.5%
TT Trane Technologies PLC	0.11%	1,284	$474K	No change
WEC WEC Energy Group Inc.	0.11%	4,927	$463K	Reduce -24.1%
RSP Invesco S&P 500 Equal Weight	0.11%	2,595	$455K	Add +6.4%
V Visa Inc. Class A	0.11%	1,428	$451K	Reduce -1.0%
GEHC GE Healthcare Technology	0.10%	5,644	$441K	Reduce -0.7%
STT State Street Corp.	0.10%	4,378	$430K	Reduce -1.2%
KMB Kimberly-Clark Corp.	0.10%	3,275	$429K	No change
NUE Nucor Corp.	0.10%	3,657	$427K	Add +94.9%
USB US Bancorp	0.10%	8,913	$426K	Reduce -0.2%
EPD Enterprise Products Partners	0.10%	13,404	$420K	Reduce -23.6%
BMY Bristol-Myers Squibb Co.	0.09%	6,984	$395K	Reduce -0.4%
IYH iShares U.S. Healthcare ETF	0.09%	6,705	$391K	No change
T AT&T Inc.	0.09%	17,051	$388K	Reduce -95.7%
AXP American Express Co.	0.09%	1,298	$385K	Reduce -1.7%
SPY SS SPDR S&P 500 ETF Trust-US	0.09%	652	$382K	Add +15.0%
FINX Global X Fintech ETF	0.09%	11,978	$374K	Add +0.1%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL	0.08%	3,309	$348K	No change
VHT Vanguard Health Care ETF	0.08%	1,354	$344K	Add +2.3%
AMAT Applied Materials Inc.	0.08%	2,082	$339K	New
NFLX Netflix Inc.	0.08%	377	$336K	New
IJJ iShares S&P Mid-Cap 400 Valu	0.08%	2,670	$334K	No change
PAVE Global X US Infrastructure	0.08%	7,931	$320K	Reduce -0.9%
AZN Astrazeneca PLC-Spons ADR	0.07%	4,696	$308K	No change
SWK Stanley Black & Decker Inc.	0.07%	3,667	$294K	Reduce -4.0%
TRV The Travelers Cos Inc.	0.07%	1,218	$293K	Reduce -2.4%
IYW iShares Ustechnology ETF	0.07%	1,823	$291K	Add +1.7%
GNRC Generac Holdings Inc.	0.07%	1,868	$290K	Reduce -1.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.07%	2,573	$287K	Add +1.6%
CCI Crown Castle Inc.	0.07%	3,108	$282K	No change
IYC iShares US Consumer Discreti	0.07%	2,931	$282K	No change
CAG Conagra Brands Inc.	0.06%	9,878	$274K	Reduce -1.6%
ADBE Adobe Inc.	0.06%	611	$272K	New
HSY The Hershey Co.	0.06%	1,600	$271K	No change
BP BP PLC-Spons ADR	0.06%	9,147	$270K	Reduce -1.5%
MCD McDonald's Corp.	0.06%	895	$260K	Reduce -2.7%
NTRS Northern Trust Corp.	0.06%	2,440	$250K	No change
DFUS Dimensional US Eq MKT ETF	0.06%	3,828	$244K	Reduce -12.8%
AMT American Tower Corp.	0.06%	1,326	$243K	Add +0.1%
IJK iShares S&P Mid-Cap 400 Grow	0.06%	2,672	$243K	No change
META Meta Platforms Inc. Class A	0.06%	411	$241K	Reduce -0.2%
JBHT Hunt (jb) Transprt SVCS Inc.	0.06%	1,400	$239K	No change
ARKK ARK Innovation ETF	0.05%	3,947	$224K	New
IVV iShares Core S&P 500 ETF	0.05%	370	$218K	New
SYY Sysco Corp.	0.05%	2,831	$216K	Add +1.2%
AMGN Amgen Inc.	0.05%	786	$205K	Add +1.0%
NSC Norfolk Southern Corp.	0.05%	856	$201K	Reduce -1.3%
SOFI Sofi Technologies Inc.	0.04%	11,263	$173K	Add +5.8%
SEOAY Stora Enso Oyj-Spons ADR	0.03%	13,797	$140K	Reduce -8.0%
WRN Western Copper and Gold Corp.	0.01%	42,317	$44K	No change
NWBO Northwest Biotherapeutics filed as NW Biotherapeutics	0.00%	10,270	$3K	No change
ADGO Advantego Corp.	0.00%	330,000	$0	No change
HCMC Healthier Choices Management	0.00%	25,000	$0	No change
PTLKF Lippo Karawaci TBK PT filed as PT Lippo Karawaci Tbk	0.00%	37,000	$0	No change

Portfolio Sells Q3 2024 → Q4 2024


T AT&T Inc.	Reduce -95.7%	0.09%	−1.97
O Realty Income Corp.	Reduce -0.9%	1.49%	−0.29
VZ Verizon Communications Inc.	Reduce -1.6%	1.94%	−0.27
INTC Intel Corp.	Reduce -1.9%	1.15%	−0.22
SO The Southern Co.	Reduce -1.1%	1.94%	−0.20
LAMR Lamar Advertising Co. Class A	Reduce -1.0%	1.33%	−0.14
JNJ Johnson & Johnson	Reduce -0.5%	0.99%	−0.12
LYG Lloyds Banking Group PLC-ADR	Reduce -2.3%	0.66%	−0.11
AEP American Electric Power	Reduce -0.3%	0.95%	−0.11
ADM Archer-Daniels-Midland Co.	Reduce -1.4%	0.54%	−0.11
VTR Ventas Inc.	Reduce -0.8%	1.11%	−0.11
GE General Electric	Reduce -0.9%	0.70%	−0.10
QCOM Qualcomm Inc.	Reduce -0.3%	0.84%	−0.09
KO The Coca-Cola Co.	Reduce -1.4%	0.51%	−0.09
MRK Merck & Co. Inc.	Reduce -0.6%	0.52%	−0.08
NVS Novartis AG-Sponsored ADR	Reduce -1.1%	0.39%	−0.08
SMCI Super Micro Computer Inc.	Sold out	0.00%	−0.06
DOC Healthpeak Properties Inc.	Reduce -1.0%	0.45%	−0.06
DUK Duke Energy Corp.	Reduce -0.8%	0.72%	−0.05
AMTM Amentum Holdings Inc.	Sold out	0.00%	−0.05
D Dominion Energy Inc.	Reduce -0.8%	0.66%	−0.05
PEP Pepsico Inc.	Sold out	0.00%	−0.05
ABBV Abbvie Inc.	Sold out	0.00%	−0.05
CAT Caterpillar Inc.	Reduce -1.1%	0.47%	−0.04
PG The Procter & Gamble Co.	Reduce -0.6%	1.10%	−0.04
WELL Welltower Inc.	Reduce -1.1%	1.63%	−0.04
NGG National Grid PLC-SP ADR	Reduce -1.4%	0.21%	−0.04
WEC WEC Energy Group Inc.	Reduce -24.1%	0.11%	−0.04
SHEL Shell PLC-ADR	Reduce -0.9%	0.58%	−0.03
SWK Stanley Black & Decker Inc.	Reduce -4.0%	0.07%	−0.03
WM Waste Management Inc.	Reduce -0.4%	0.91%	−0.03
SGOL Abrdn Physical Gold Shares	Reduce -0.8%	2.87%	−0.03
F Ford Motor Co.	Sold out	0.00%	−0.03
IBM Intl Business Machines Corp.	Reduce -0.6%	2.10%	−0.02
GEHC GE Healthcare Technology	Reduce -0.7%	0.10%	−0.02
EPD Enterprise Products Partners	Reduce -23.6%	0.10%	−0.02
UPS United Parcel Service Class B	Reduce -0.8%	0.14%	−0.01
CAG Conagra Brands Inc.	Reduce -1.6%	0.06%	−0.01
SEOAY Stora Enso Oyj-Spons ADR	Reduce -8.0%	0.03%	−0.01
DFUS Dimensional US Eq MKT ETF	Reduce -12.8%	0.06%	−0.01
BP BP PLC-Spons ADR	Reduce -1.5%	0.06%	−0.00
MCD McDonald's Corp.	Reduce -2.7%	0.06%	−0.00
NSC Norfolk Southern Corp.	Reduce -1.3%	0.05%	−0.00
GNRC Generac Holdings Inc.	Reduce -1.8%	0.07%	−0.00
PAVE Global X US Infrastructure	Reduce -0.9%	0.08%	−0.00
TRV The Travelers Cos Inc.	Reduce -2.4%	0.07%	+0.00
META Meta Platforms Inc. Class A	Reduce -0.2%	0.06%	+0.00
J Jacobs Solutions Inc.	Reduce -1.3%	0.22%	+0.00
USB US Bancorp	Reduce -0.2%	0.10%	+0.00
BUG Global X Cybersecurity ETF	Reduce -0.5%	0.20%	+0.01

Portfolio Buys Q3 2024 → Q4 2024


AMZN Amazon.com Inc.	Add +86.4%	2.04%	+1.11
GOOGL Alphabet Inc. Class A	Add +34.1%	1.93%	+0.67
NVDA Nvidia Corp.	Add +3.5%	3.36%	+0.43
AAPL Apple Inc.	Add +7.2%	2.81%	+0.37
MLPA Global X MLP ETF	Add +4.4%	2.86%	+0.20
XYLD Global X S&P 500 Cove Call E	Add +187.4%	0.28%	+0.19
JEPI JPMorgan Equity Premium Inco	Add +143.8%	0.32%	+0.18
MLI Mueller Industries Inc.	Add +26.1%	0.57%	+0.15
SMH Vaneck Semiconductor ETF	Add +73.2%	0.33%	+0.14
HON Honeywell International Inc.	Add +0.7%	1.36%	+0.13
QQQ Invesco QQQ Trust Series 1	Add +11.3%	0.78%	+0.11
TSLA Tesla Inc.	Add +40.1%	0.19%	+0.10
SCHX Schwab US Large-Cap ETF	Add +12.0%	0.76%	+0.10
VTI VG Morningstar TS MKT ETF-US	Add +15.5%	0.64%	+0.10
AMAT Applied Materials Inc.	New	0.08%	+0.08
NFLX Netflix Inc.	New	0.08%	+0.08
SMIN iShares MSCI India Small-Cap	Add +52.5%	0.27%	+0.07
SCHD Schwab US DVD Equity ETF	Add +13.8%	0.70%	+0.07
C Citigroup Inc.	Add +1.9%	0.51%	+0.07
ADBE Adobe Inc.	New	0.06%	+0.06
EMN Eastman Chemical Co.	Add +75.3%	0.21%	+0.06
ARKK ARK Innovation ETF	New	0.05%	+0.05
KMI Kinder Morgan Inc.	Add +0.2%	0.27%	+0.05
IVV iShares Core S&P 500 ETF	New	0.05%	+0.05
PANW Palo Alto Networks Inc.	Add +4.6%	0.47%	+0.05
DE Deere & Co.	Add +11.6%	0.36%	+0.04
IWM iShares Russell 2000 ETF	Add +2.1%	1.58%	+0.04
NUE Nucor Corp.	Add +94.9%	0.10%	+0.03
VVR Invesco Senior Income Trust	Add +6.0%	1.12%	+0.03
JCI Johnson Controls Internation	Add +3.9%	0.59%	+0.03
EOG EOG Resources Inc.	Add +30.5%	0.12%	+0.03
XLV SS Health Care Select Sector	Add +20.5%	0.36%	+0.03
XLF SS Financial Select Sector	Add +2.8%	0.27%	+0.02
OKTA Okta Inc.	Add +4.4%	0.23%	+0.02
SOFI Sofi Technologies Inc.	Add +5.8%	0.04%	+0.02
POWL Powell Industries Inc.	Add +2.1%	0.90%	+0.02
XLE SS Energy Select Sector	Add +6.9%	0.41%	+0.02
VOX Vanguard Communication Servi	Add +5.4%	0.15%	+0.02
GOOG Alphabet Inc. Class C	Add +0.3%	0.14%	+0.02
DELL Dell Technologies -C	Add +5.8%	0.52%	+0.02
SPY SS SPDR S&P 500 ETF Trust-US	Add +15.0%	0.09%	+0.01
DIA SS SPDR Dow Jones Indus Avg	Add +0.1%	1.31%	+0.01
DIS The Walt Disney Co.	Add +1.6%	0.07%	+0.01
FINX Global X Fintech ETF	Add +0.1%	0.09%	+0.01
QYLD Global X Nasd 100 Cov Call	Add +4.1%	0.15%	+0.01
XEL Xcel Energy Inc.	Add +0.1%	0.19%	+0.01
FAST Fastenal Co.	Add +3.6%	0.16%	+0.01
MDT Medtronic PLC	Add +13.3%	0.96%	+0.01
IDU iShares US Utilities ETF	Add +7.1%	0.46%	+0.01
IYW iShares Ustechnology ETF	Add +1.7%	0.07%	+0.00

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	159	$603.6M	JAAA, INTC, MU, NVDA, ETR
Q1 2026	158	$548.5M	JAAA, ETR, SGOL, NVDA, JEPI
Q4 2025	160	$549.5M	JAAA, NVDA, SGOL, JEPI, ETR
Q3 2025	155	$569.8M	JAAA, NVDA, JEPI, ETR, SGOL
Q2 2025	150	$531.2M	JAAA, NVDA, JEPI, ETR, SGOL
Q1 2025	150	$459.7M	JAAA, ETR, JEPI, SGOL, MLPA
Q4 2024	153	$422.7M	PFFD, PFF, PGX, NVDA, ETR
Q3 2024	153	$423.3M	PFFD, PFF, PGX, NVDA, SGOL
Q2 2024	158	$400.2M	PFFD, PFF, PGX, NVDA, MLPA
Q1 2024	163	$402.8M	PFF, PFFD, PGX, MLPA, INTC