Advisors Management Group Inc.

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

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 25, 2025), Advisors Management Group Inc. reported 150 stock positions worth $459.7 million. Its top holding was Janus Henderson Aaa Clo ETF (JAAA) at 14.5% of the portfolio, followed by Entergy (ETR, 3.4%) and JPMorgan Equity Premium Inco (JEPI, 3.3%). Compared with Q4 2024, it opened 3 new positions, sold out of 6, added to 53 and reduced 72. The biggest buy was a new position in Janus Henderson Aaa Clo ETF (JAAA) and the biggest sale Global X US Preferred ETF (PFFD, shares −98%).

Most Recent 13F: Q2 2026
Location: LA CROSSE, WI
CIK: 0000842766
Portfolio Value: $459.7M (Q1 2025)
SEC Filing: 0000842766-25-000003 ↗ filed Apr 25, 2025

Holdings Value

Holdings 150 stocks · $459.7M


JAAA Janus Henderson Aaa Clo ETF	14.52%	1,315,901	$66.7M	New
ETR Entergy Corp.	3.40%	182,940	$15.6M	Reduce -0.4%
JEPI JPMorgan Equity Premium Inco	3.31%	266,272	$15.2M	Add +1029.6%
SGOL Abrdn Physical Gold Shares	3.11%	480,198	$14.3M	Reduce -0.7%
MLPA Global X MLP ETF	2.90%	250,379	$13.3M	Add +2.3%
NVDA Nvidia Corp.	2.49%	105,750	$11.5M	Reduce -0.0%
AAPL Apple Inc.	2.27%	46,997	$10.4M	Reduce -0.9%
FE Firstenergy Corp.	2.18%	247,558	$10.0M	Add +1.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	2.16%	40,004	$9.9M	Reduce -1.1%
TTE Totalenergies SE -Spon ADR	2.10%	149,360	$9.7M	Reduce -0.1%
SO The Southern Co.	1.99%	99,310	$9.1M	Reduce -0.4%
ENB Enbridge Inc.	1.81%	187,772	$8.3M	Reduce -0.6%
WELL Welltower Inc.	1.80%	53,967	$8.3M	Reduce -1.4%
VZ Verizon Communications Inc.	1.74%	176,495	$8.0M	Reduce -14.0%
CSCO Cisco Systems Inc.	1.72%	127,808	$7.9M	Reduce -0.6%
AMZN Amazon.com Inc.	1.63%	39,366	$7.5M	Add +0.1%
MSFT Microsoft Corp.	1.48%	18,132	$6.8M	Reduce -0.0%
O Realty Income Corp.	1.48%	117,162	$6.8M	Reduce -0.8%
GOOGL Alphabet Inc. Class A	1.46%	43,506	$6.7M	Add +0.8%
POWL Powell Industries Inc.	1.27%	34,266	$5.8M	Add +99.1%
EMR Emerson Electric Co.	1.26%	53,034	$5.8M	Reduce -0.6%
JPM JPMorgan Chase & Co.	1.20%	22,488	$5.5M	Reduce -0.5%
INTC Intel Corp.	1.19%	241,246	$5.5M	Reduce -0.8%
HON Honeywell International Inc.	1.18%	25,570	$5.4M	Add +0.3%
LAMR Lamar Advertising Co. Class A	1.13%	45,752	$5.2M	Reduce -0.8%
PFE Pfizer Inc.	1.05%	190,944	$4.8M	Reduce -0.7%
JNJ Johnson & Johnson	1.05%	29,106	$4.8M	Add +0.4%
MDT Medtronic PLC	1.04%	53,245	$4.8M	Add +4.9%
VVR Invesco Senior Income Trust	1.04%	1,272,597	$4.8M	Add +5.9%
AEP American Electric Power	1.03%	43,312	$4.7M	Reduce -0.4%
PG The Procter & Gamble Co.	1.03%	27,668	$4.7M	Reduce -0.6%
ADBE Adobe Inc.	0.97%	11,678	$4.5M	Add +1811.3%
WM Waste Management Inc.	0.95%	18,880	$4.4M	Reduce -1.1%
VTR Ventas Inc.	0.94%	63,117	$4.3M	Reduce -20.6%
AMD Advanced Micro Devices	0.91%	40,852	$4.2M	Add +4.9%
MU Micron Technology Inc.	0.85%	44,823	$3.9M	Add +0.5%
GILD Gilead Sciences Inc.	0.82%	33,651	$3.8M	Reduce -0.3%
CVX Chevron Corp.	0.79%	21,635	$3.6M	Add +0.2%
QCOM Qualcomm Inc.	0.77%	23,013	$3.5M	Reduce -0.5%
GE General Electric filed as GE AEROSPACE	0.77%	17,650	$3.5M	Reduce -0.7%
GSK GSK PLC-Spon ADR	0.77%	91,186	$3.5M	Reduce -0.4%
QQQ Invesco QQQ Trust Series 1	0.77%	7,532	$3.5M	Add +16.4%
DUK Duke Energy Corp.	0.74%	27,843	$3.4M	Reduce -0.8%
SCHX Schwab US Large-Cap ETF	0.70%	146,113	$3.2M	Add +4.8%
SCHD Schwab US DVD Equity ETF	0.70%	114,468	$3.2M	Add +5.4%
XOM Exxon Mobil Corp.	0.69%	26,633	$3.2M	Add +1.0%
LYG Lloyds Banking Group PLC-ADR	0.68%	813,572	$3.1M	Reduce -21.2%
D Dominion Energy Inc.	0.62%	50,898	$2.9M	Reduce -1.0%
DELL Dell Technologies -C	0.62%	31,245	$2.8M	Add +63.5%
SHEL Shell PLC-ADR	0.62%	38,710	$2.8M	Reduce -0.4%
VTI VG Morningstar TS MKT ETF-US	0.61%	10,244	$2.8M	Add +9.9%
MLI Mueller Industries Inc.	0.56%	33,785	$2.6M	Add +11.4%
JCI Johnson Controls Internation	0.55%	31,573	$2.5M	Reduce -0.7%
KO The Coca-Cola Co.	0.54%	34,671	$2.5M	Reduce -0.1%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX	0.53%	51,190	$2.4M	Add +0.2%
IDU iShares US Utilities ETF	0.48%	21,810	$2.2M	Add +7.0%
MMM 3M Co.	0.48%	14,876	$2.2M	Reduce -0.5%
C Citigroup Inc.	0.47%	30,425	$2.2M	Reduce -0.4%
XLE SS Energy Select Sector	0.44%	21,799	$2.0M	Add +8.2%
MRK Merck & Co. Inc.	0.44%	22,417	$2.0M	Add +2.4%
AVGO Broadcom Inc.	0.42%	11,554	$1.9M	Add +124.9%
BRK.B Berkshire Hathaway Inc. Class B	0.41%	3,535	$1.9M	Reduce -0.9%
DOC Healthpeak Properties Inc.	0.41%	93,029	$1.9M	Reduce -0.2%
ADM Archer-Daniels-Midland Co.	0.41%	39,033	$1.9M	Reduce -13.4%
NVS Novartis AG-Sponsored ADR	0.41%	16,728	$1.9M	Reduce -1.7%
PANW Palo Alto Networks Inc.	0.40%	10,888	$1.9M	Reduce -0.3%
CAT Caterpillar Inc.	0.39%	5,462	$1.8M	Reduce -1.3%
XLV SS Health Care Select Sector	0.39%	12,258	$1.8M	Add +10.7%
DE Deere & Co.	0.39%	3,789	$1.8M	Add +6.0%
IWM iShares Russell 2000 ETF	0.38%	8,760	$1.7M	Reduce -71.0%
MRVL Marvell Technology Inc.	0.34%	25,009	$1.5M	Reduce -0.6%
AMAT Applied Materials Inc.	0.31%	9,826	$1.4M	Add +371.9%
SMIN iShares MSCI India Small-Cap	0.30%	20,084	$1.4M	Add +35.1%
SMH Vaneck Semiconductor ETF	0.29%	6,337	$1.3M	Add +11.2%
OKTA Okta Inc.	0.28%	12,417	$1.3M	Add +1.2%
GEV GE Vernova Inc.	0.28%	4,214	$1.3M	Reduce -0.6%
XLF SS Financial Select Sector	0.28%	25,486	$1.3M	Add +9.4%
CHD Church & Dwight Co. Inc.	0.27%	11,206	$1.2M	No change
KMI Kinder Morgan Inc.	0.26%	41,112	$1.2M	Reduce -0.4%
SPDW Ste STR SPDR PT DW Eu ETF	0.23%	28,467	$1.0M	Add +8.5%
EMN Eastman Chemical Co.	0.22%	11,737	$1.0M	Add +20.2%
DLR Digital Realty Trust Inc.	0.22%	7,134	$1.0M	Reduce -0.4%
NGG National Grid PLC-SP ADR	0.21%	14,921	$979K	Reduce -1.5%
IXUS iShares Core Intl Stock ETF	0.20%	13,341	$931K	Add +1.3%
BUG Global X Cybersecurity ETF	0.20%	28,545	$923K	Add +8.0%
OKE Oneok Inc.	0.19%	8,661	$859K	Add +1.7%
J Jacobs Solutions Inc.	0.18%	6,792	$821K	Reduce -0.9%
WMT Walmart Inc.	0.18%	9,172	$805K	Add +0.3%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	0.17%	1,908	$801K	Reduce -85.4%
XEL Xcel Energy Inc.	0.17%	11,065	$783K	Reduce -5.2%
RSP Invesco S&P 500 Equal Weight	0.17%	4,428	$767K	Add +70.6%
VOX Vanguard Communication Servi	0.17%	5,164	$766K	Add +22.2%
FAST Fastenal Co.	0.14%	8,559	$664K	Reduce -7.2%
UNP Union Pacific Corp.	0.14%	2,686	$634K	Add +0.5%
WFC Wells Fargo & Co.	0.14%	8,753	$628K	No change
NUE Nucor Corp.	0.13%	5,088	$612K	Add +39.1%
EOG EOG Resources Inc.	0.13%	4,537	$582K	Add +6.9%
UPS United Parcel Service Class B	0.11%	4,793	$527K	Add +0.0%
V Visa Inc. Class A	0.11%	1,425	$499K	Reduce -0.2%
WEC WEC Energy Group Inc.	0.11%	4,493	$490K	Reduce -8.8%
T AT&T Inc.	0.10%	16,963	$480K	Reduce -0.5%
KMB Kimberly-Clark Corp.	0.10%	3,275	$466K	No change
EPD Enterprise Products Partners	0.10%	13,384	$457K	Reduce -0.1%
TSLA Tesla Inc.	0.10%	1,752	$454K	Reduce -13.3%
GEHC GE Healthcare Technology	0.10%	5,608	$453K	Reduce -0.6%
TT Trane Technologies PLC	0.09%	1,284	$433K	No change
GOOG Alphabet Inc. Class C	0.09%	2,724	$426K	Reduce -9.3%
BMY Bristol-Myers Squibb Co.	0.09%	6,985	$426K	Add +0.0%
PFF iShares Preferred & Income S	0.09%	13,422	$412K	Reduce -97.3%
IYH iShares U.S. Healthcare ETF	0.09%	6,705	$408K	No change
STT State Street Corp.	0.09%	4,378	$392K	No change
USB US Bancorp	0.08%	8,763	$370K	Reduce -1.7%
FINX Global X Fintech ETF	0.08%	13,330	$367K	Add +11.3%
SPY SS SPDR S&P 500 ETF Trust-US	0.08%	653	$365K	Add +0.1%
VHT Vanguard Health Care ETF	0.08%	1,354	$359K	No change
AXP American Express Co.	0.08%	1,295	$348K	Reduce -0.2%
AZN Astrazeneca PLC-Spons ADR	0.07%	4,696	$345K	No change
CCI Crown Castle Inc.	0.07%	3,089	$322K	Reduce -0.6%
TRV The Travelers Cos Inc.	0.07%	1,218	$322K	No change
PFFD Global X US Preferred ETF	0.07%	16,806	$320K	Reduce -98.4%
IJJ iShares S&P Mid-Cap 400 Valu	0.07%	2,670	$320K	No change
BP BP PLC-Spons ADR	0.07%	9,171	$310K	Add +0.3%
NFLX Netflix Inc.	0.07%	323	$301K	Reduce -14.3%
PAVE Global X US Infrastructure	0.06%	7,756	$293K	Reduce -2.2%
AMT American Tower Corp.	0.06%	1,316	$286K	Reduce -0.8%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL	0.06%	3,309	$285K	No change
SWK Stanley Black & Decker Inc.	0.06%	3,671	$282K	Add +0.1%
MCD McDonald's Corp.	0.06%	896	$280K	Add +0.1%
HSY The Hershey Co.	0.06%	1,600	$274K	No change
CAG Conagra Brands Inc.	0.06%	9,878	$263K	No change
IYW iShares Ustechnology ETF	0.06%	1,823	$256K	No change
IYC iShares US Consumer Discreti	0.05%	2,791	$247K	Reduce -4.8%
AMGN Amgen Inc.	0.05%	780	$243K	Reduce -0.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.05%	2,466	$243K	Reduce -4.2%
NTRS Northern Trust Corp.	0.05%	2,440	$241K	No change
GNRC Generac Holdings Inc.	0.05%	1,868	$237K	No change
META Meta Platforms Inc. Class A	0.05%	410	$236K	Reduce -0.2%
DFUS Dimensional US Eq MKT ETF	0.05%	3,828	$232K	No change
IVV iShares Core S&P 500 ETF	0.05%	406	$228K	Add +9.7%
IJK iShares S&P Mid-Cap 400 Grow	0.05%	2,672	$223K	No change
ABBV Abbvie Inc.	0.05%	1,059	$222K	New
SYY Sysco Corp.	0.05%	2,834	$213K	Add +0.1%
JBHT Hunt (jb) Transprt SVCS Inc.	0.04%	1,400	$207K	No change
PGX Invesco Preferred ETF	0.04%	15,923	$179K	Reduce -98.8%
SOFI Sofi Technologies Inc.	0.03%	11,163	$130K	Reduce -0.9%
WRN Western Copper and Gold Corp.	0.01%	42,282	$48K	Reduce -0.1%
DOGP Dogecoin Cash Inc. filed as CANNABIS SATIVA INC	0.00%	42,685	$2K	New
NWBO Northwest Biotherapeutics	0.00%	10,270	$2K	No change
ADGO Advantego Corp.	0.00%	330,000	$0	No change
PTLKF Lippo Karawaci TBK PT filed as PT Lippo Karawaci Tbk	0.00%	37,000	$0	No change

Portfolio Sells Q4 2024 → Q1 2025


PFFD Global X US Preferred ETF	Reduce -98.4%	0.07%	−4.75
PFF iShares Preferred & Income S	Reduce -97.3%	0.09%	−3.57
PGX Invesco Preferred ETF	Reduce -98.8%	0.04%	−3.48
IWM iShares Russell 2000 ETF	Reduce -71.0%	0.38%	−1.20
DIA SS SPDR Dow Jones Indus Avg	Reduce -85.4%	0.17%	−1.14
NVDA Nvidia Corp.	Reduce -0.0%	2.49%	−0.87
AAPL Apple Inc.	Reduce -0.9%	2.27%	−0.54
MSFT Microsoft Corp.	Reduce -0.0%	1.48%	−0.33
MRVL Marvell Technology Inc.	Reduce -0.6%	0.34%	−0.32
EMR Emerson Electric Co.	Reduce -0.6%	1.26%	−0.30
XYLD Global X S&P 500 Cove Call E	Sold out	0.00%	−0.28
VZ Verizon Communications Inc.	Reduce -14.0%	1.74%	−0.20
LAMR Lamar Advertising Co. Class A	Reduce -0.8%	1.13%	−0.20
VTR Ventas Inc.	Reduce -20.6%	0.94%	−0.16
PFE Pfizer Inc.	Reduce -0.7%	1.05%	−0.15
QYLD Global X Nasd 100 Cov Call	Sold out	0.00%	−0.15
ADM Archer-Daniels-Midland Co.	Reduce -13.4%	0.41%	−0.13
TSLA Tesla Inc.	Reduce -13.3%	0.10%	−0.09
ENB Enbridge Inc.	Reduce -0.6%	1.81%	−0.09
CSCO Cisco Systems Inc.	Reduce -0.6%	1.72%	−0.09
CAT Caterpillar Inc.	Reduce -1.3%	0.39%	−0.08
JPM JPMorgan Chase & Co.	Reduce -0.5%	1.20%	−0.08
PG The Procter & Gamble Co.	Reduce -0.6%	1.03%	−0.08
DLR Digital Realty Trust Inc.	Reduce -0.4%	0.22%	−0.08
QCOM Qualcomm Inc.	Reduce -0.5%	0.77%	−0.07
PANW Palo Alto Networks Inc.	Reduce -0.3%	0.40%	−0.07
ARKK ARK Innovation ETF	Sold out	0.00%	−0.05
GEV GE Vernova Inc.	Reduce -0.6%	0.28%	−0.05
NSC Norfolk Southern Corp.	Sold out	0.00%	−0.05
JCI Johnson Controls Internation	Reduce -0.7%	0.55%	−0.04
GOOG Alphabet Inc. Class C	Reduce -9.3%	0.09%	−0.04
C Citigroup Inc.	Reduce -0.4%	0.47%	−0.04
J Jacobs Solutions Inc.	Reduce -0.9%	0.18%	−0.04
DOC Healthpeak Properties Inc.	Reduce -0.2%	0.41%	−0.04
D Dominion Energy Inc.	Reduce -1.0%	0.62%	−0.03
SEOAY Stora Enso Oyj-Spons ADR	Sold out	0.00%	−0.03
USB US Bancorp	Reduce -1.7%	0.08%	−0.02
XEL Xcel Energy Inc.	Reduce -5.2%	0.17%	−0.02
AXP American Express Co.	Reduce -0.2%	0.08%	−0.02
DIS The Walt Disney Co.	Reduce -4.2%	0.05%	−0.01
NFLX Netflix Inc.	Reduce -14.3%	0.07%	−0.01
O Realty Income Corp.	Reduce -0.8%	1.48%	−0.01
IYC iShares US Consumer Discreti	Reduce -4.8%	0.05%	−0.01
SOFI Sofi Technologies Inc.	Reduce -0.9%	0.03%	−0.01
FAST Fastenal Co.	Reduce -7.2%	0.14%	−0.01
KMI Kinder Morgan Inc.	Reduce -0.4%	0.26%	−0.01
PAVE Global X US Infrastructure	Reduce -2.2%	0.06%	−0.01
GEHC GE Healthcare Technology	Reduce -0.6%	0.10%	−0.01
META Meta Platforms Inc. Class A	Reduce -0.2%	0.05%	−0.01
WEC WEC Energy Group Inc.	Reduce -8.8%	0.11%	−0.00

Portfolio Buys Q4 2024 → Q1 2025


JAAA Janus Henderson Aaa Clo ETF	New	14.52%	+14.52
JEPI JPMorgan Equity Premium Inco	Add +1029.6%	3.31%	+2.99
ADBE Adobe Inc.	Add +1811.3%	0.97%	+0.91
POWL Powell Industries Inc.	Add +99.1%	1.27%	+0.37
AMAT Applied Materials Inc.	Add +371.9%	0.31%	+0.23
AVGO Broadcom Inc.	Add +124.9%	0.42%	+0.14
DELL Dell Technologies -C	Add +63.5%	0.62%	+0.10
MDT Medtronic PLC	Add +4.9%	1.04%	+0.08
RSP Invesco S&P 500 Equal Weight	Add +70.6%	0.17%	+0.06
JNJ Johnson & Johnson	Add +0.4%	1.05%	+0.06
OKTA Okta Inc.	Add +1.2%	0.28%	+0.06
ABBV Abbvie Inc.	New	0.05%	+0.05
CVX Chevron Corp.	Add +0.2%	0.79%	+0.05
MLPA Global X MLP ETF	Add +2.3%	2.90%	+0.04
XLE SS Energy Select Sector	Add +8.2%	0.44%	+0.04
NUE Nucor Corp.	Add +39.1%	0.13%	+0.03
XLV SS Health Care Select Sector	Add +10.7%	0.39%	+0.03
DE Deere & Co.	Add +6.0%	0.39%	+0.03
SMIN iShares MSCI India Small-Cap	Add +35.1%	0.30%	+0.03
XOM Exxon Mobil Corp.	Add +1.0%	0.69%	+0.02
IDU iShares US Utilities ETF	Add +7.0%	0.48%	+0.02
EMN Eastman Chemical Co.	Add +20.2%	0.22%	+0.01
SPDW Ste STR SPDR PT DW Eu ETF	Add +8.5%	0.23%	+0.01
VOX Vanguard Communication Servi	Add +22.2%	0.17%	+0.01
XLF SS Financial Select Sector	Add +9.4%	0.28%	+0.01
BP BP PLC-Spons ADR	Add +0.3%	0.07%	+0.00
EOG EOG Resources Inc.	Add +6.9%	0.13%	+0.00
DOGP Dogecoin Cash Inc.	New	0.00%	+0.00
BUG Global X Cybersecurity ETF	Add +8.0%	0.20%	+0.00
MCD McDonald's Corp.	Add +0.1%	0.06%	−0.00
BMY Bristol-Myers Squibb Co.	Add +0.0%	0.09%	−0.00
IVV iShares Core S&P 500 ETF	Add +9.7%	0.05%	−0.00
IXUS iShares Core Intl Stock ETF	Add +1.3%	0.20%	−0.00
SYY Sysco Corp.	Add +0.1%	0.05%	−0.00
SCHD Schwab US DVD Equity ETF	Add +5.4%	0.70%	−0.01
UNP Union Pacific Corp.	Add +0.5%	0.14%	−0.01
SWK Stanley Black & Decker Inc.	Add +0.1%	0.06%	−0.01
FINX Global X Fintech ETF	Add +11.3%	0.08%	−0.01
MLI Mueller Industries Inc.	Add +11.4%	0.56%	−0.01
SPY SS SPDR S&P 500 ETF Trust-US	Add +0.1%	0.08%	−0.01
QQQ Invesco QQQ Trust Series 1	Add +16.4%	0.77%	−0.01
OKE Oneok Inc.	Add +1.7%	0.19%	−0.02
WMT Walmart Inc.	Add +0.3%	0.18%	−0.02
VTI VG Morningstar TS MKT ETF-US	Add +9.9%	0.61%	−0.03
UPS United Parcel Service Class B	Add +0.0%	0.11%	−0.03
SMH Vaneck Semiconductor ETF	Add +11.2%	0.29%	−0.04
MU Micron Technology Inc.	Add +0.5%	0.85%	−0.04
SCHX Schwab US Large-Cap ETF	Add +4.8%	0.70%	−0.06
MRK Merck & Co. Inc.	Add +2.4%	0.44%	−0.08
VVR Invesco Senior Income Trust	Add +5.9%	1.04%	−0.08

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