Advisors Management Group Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed December 18, 2025), Advisors Management Group Inc. reported 155 stock positions worth $569.8 million. Its top holding was Janus Henderson Aaa Clo ETF (JAAA) at 15.7% of the portfolio, followed by Nvidia (NVDA, 4.1%) and JPMorgan Equity Premium Inco (JEPI, 3.0%). Compared with Q2 2025, it opened 7 new positions, sold out of 2, added to 38 and reduced 89. The biggest buy was Mueller Industries (MLI, shares +30%) and the biggest sale Intl Business Machines (IBM, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- LA CROSSE, WI
- CIK
- 0000842766
- Portfolio Value
- $569.8M (Q3 2025)
- SEC Filing
- 0000842766-25-000008 ↗ filed Dec 18, 2025
Holdings Value
Holdings 155 stocks · $569.8M
| JAAA Janus Henderson Aaa Clo ETF | 15.70% | 1,761,998 | $89.5M | Add +2.1% |
| NVDA Nvidia Corp. | 4.05% | 123,826 | $23.1M | Reduce -0.8% |
| JEPI JPMorgan Equity Premium Inco | 3.01% | 300,044 | $17.1M | Add +1.1% |
| ETR Entergy Corp. | 2.97% | 181,601 | $16.9M | Reduce -0.0% |
| SGOL Abrdn Physical Gold Shares | 2.80% | 432,653 | $15.9M | Reduce -8.9% |
| MLPA Global X MLP ETF | 2.15% | 253,032 | $12.3M | Add +0.9% |
| AAPL Apple Inc. | 2.07% | 46,328 | $11.8M | Reduce -0.4% |
| GOOGL Alphabet Inc. Class A | 2.03% | 47,666 | $11.6M | Reduce -7.0% |
| AMZN Amazon.com Inc. | 2.02% | 52,331 | $11.5M | Add +13.9% |
| FE Firstenergy Corp. | 1.98% | 246,067 | $11.3M | Add +0.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.95% | 39,412 | $11.1M | Reduce -0.9% |
| MSFT Microsoft Corp. | 1.64% | 18,024 | $9.3M | Add +0.0% |
| ENB Enbridge Inc. | 1.63% | 184,577 | $9.3M | Reduce -1.0% |
| SO The Southern Co. | 1.62% | 97,168 | $9.2M | Reduce -1.2% |
| TTE Totalenergies SE -Spon ADR | 1.56% | 149,014 | $8.9M | Reduce -0.2% |
| POWL Powell Industries Inc. | 1.53% | 28,509 | $8.7M | Reduce -17.5% |
| CSCO Cisco Systems Inc. | 1.51% | 125,557 | $8.6M | Reduce -1.0% |
| WELL Welltower Inc. | 1.46% | 46,726 | $8.3M | Reduce -12.3% |
| O Realty Income Corp. | 1.42% | 133,181 | $8.1M | Reduce -12.2% |
| INTC Intel Corp. | 1.39% | 236,328 | $7.9M | Reduce -1.5% |
| VZ Verizon Communications Inc. | 1.34% | 173,119 | $7.6M | Reduce -1.0% |
| MU Micron Technology Inc. | 1.30% | 44,240 | $7.4M | Reduce -0.8% |
| JPM JPMorgan Chase & Co. | 1.22% | 22,047 | $7.0M | Reduce -0.3% |
| EMR Emerson Electric Co. | 1.19% | 51,883 | $6.8M | Reduce -1.7% |
| CVX Chevron Corp. | 1.18% | 43,262 | $6.7M | Reduce -0.2% |
| MLI Mueller Industries Inc. | 1.18% | 66,224 | $6.7M | Add +29.8% |
| AMD Advanced Micro Devices | 1.14% | 40,220 | $6.5M | Reduce -1.2% |
| AVGO Broadcom Inc. | 1.05% | 18,126 | $6.0M | Reduce -1.1% |
| OKE Oneok Inc. | 1.05% | 81,715 | $6.0M | Add +13.3% |
| MRK Merck & Co. Inc. | 1.02% | 69,107 | $5.8M | Add +3.2% |
| LAMR Lamar Advertising Co. Class A | 0.97% | 45,024 | $5.5M | Reduce -1.0% |
| JNJ Johnson & Johnson | 0.96% | 29,561 | $5.5M | Add +2.5% |
| HON Honeywell International Inc. | 0.95% | 25,689 | $5.4M | Add +1.4% |
| ADBE Adobe Inc. | 0.95% | 15,299 | $5.4M | Add +1.2% |
| GE General Electric filed as GE AEROSPACE | 0.90% | 16,986 | $5.1M | Reduce -2.2% |
| MDT Medtronic PLC | 0.88% | 52,549 | $5.0M | Add +1.4% |
| PANW Palo Alto Networks Inc. | 0.85% | 23,894 | $4.9M | Add +32.7% |
| PFE Pfizer Inc. | 0.84% | 187,920 | $4.8M | Reduce -0.9% |
| AEP American Electric Power | 0.83% | 41,980 | $4.7M | Reduce -1.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.80% | 7,585 | $4.6M | Reduce -1.4% |
| VVR Invesco Senior Income Trust | 0.78% | 1,288,483 | $4.5M | Add +1.4% |
| DELL Dell Technologies -C | 0.76% | 30,711 | $4.4M | Reduce -1.1% |
| VTR Ventas Inc. | 0.76% | 62,147 | $4.3M | Reduce -1.5% |
| PG The Procter & Gamble Co. | 0.75% | 27,792 | $4.3M | Add +1.2% |
| WM Waste Management Inc. | 0.71% | 18,379 | $4.1M | Reduce -1.9% |
| GSK GSK PLC-Spon ADR | 0.67% | 88,524 | $3.8M | Reduce -1.7% |
| SCHX Schwab US Large-Cap ETF | 0.67% | 144,195 | $3.8M | Reduce -2.3% |
| QCOM Qualcomm Inc. | 0.66% | 22,565 | $3.8M | Reduce -1.1% |
| GILD Gilead Sciences Inc. | 0.64% | 32,995 | $3.7M | Reduce -1.4% |
| DUK Duke Energy Corp. | 0.59% | 27,205 | $3.4M | Reduce -1.1% |
| JCI Johnson Controls Internation | 0.59% | 30,472 | $3.4M | Reduce -1.8% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.57% | 50,415 | $3.3M | Reduce -0.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.56% | 9,748 | $3.2M | Reduce -3.1% |
| XOM Exxon Mobil Corp. | 0.56% | 28,103 | $3.2M | Add +5.0% |
| SCHD Schwab US DVD Equity ETF | 0.54% | 113,454 | $3.1M | Reduce -0.4% |
| C Citigroup Inc. | 0.54% | 30,042 | $3.0M | Reduce -0.7% |
| D Dominion Energy Inc. | 0.53% | 49,466 | $3.0M | Reduce -1.6% |
| MRVL Marvell Technology Inc. | 0.47% | 32,082 | $2.7M | Add +18.3% |
| SHEL Shell PLC-ADR | 0.47% | 37,046 | $2.6M | Reduce -3.1% |
| CAT Caterpillar Inc. | 0.45% | 5,380 | $2.6M | Reduce -1.3% |
| GEV GE Vernova Inc. | 0.44% | 4,105 | $2.5M | Reduce -1.9% |
| OKTA Okta Inc. | 0.42% | 26,125 | $2.4M | Add +21.5% |
| IDU iShares US Utilities ETF | 0.41% | 21,188 | $2.4M | Reduce -2.8% |
| ADM Archer-Daniels-Midland Co. | 0.40% | 38,065 | $2.3M | Reduce -2.2% |
| KO The Coca-Cola Co. | 0.40% | 34,136 | $2.3M | Reduce -0.7% |
| MMM 3M Co. | 0.39% | 14,440 | $2.2M | Reduce -1.1% |
| AMAT Applied Materials Inc. | 0.39% | 10,724 | $2.2M | Add +6.2% |
| SMH Vaneck Semiconductor ETF | 0.37% | 6,418 | $2.1M | Reduce -0.7% |
| IWM iShares Russell 2000 ETF | 0.37% | 8,637 | $2.1M | Reduce -1.6% |
| DE Deere & Co. | 0.37% | 4,566 | $2.1M | Reduce -0.2% |
| NVS Novartis AG-Sponsored ADR | 0.36% | 16,153 | $2.1M | Reduce -2.2% |
| XLE SS Energy Select Sector | 0.36% | 22,812 | $2.0M | Reduce -0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.31% | 3,542 | $1.8M | Add +0.3% |
| XLV SS Health Care Select Sector | 0.31% | 12,634 | $1.8M | Add +3.3% |
| DOC Healthpeak Properties Inc. | 0.31% | 91,585 | $1.8M | Reduce -1.4% |
| SMIN iShares MSCI India Small-Cap | 0.26% | 20,378 | $1.5M | Reduce -0.3% |
| XLF SS Financial Select Sector | 0.23% | 24,681 | $1.3M | Reduce -1.4% |
| DLR Digital Realty Trust Inc. | 0.21% | 7,034 | $1.2M | Reduce -0.8% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.21% | 28,030 | $1.2M | Reduce -3.7% |
| KMI Kinder Morgan Inc. | 0.20% | 40,363 | $1.1M | Reduce -1.3% |
| IXUS iShares Core Intl Stock ETF | 0.19% | 12,983 | $1.1M | Reduce -1.4% |
| NGG National Grid PLC-SP ADR | 0.18% | 14,412 | $1.0M | Reduce -2.6% |
| RSP Invesco S&P 500 Equal Weight | 0.18% | 5,456 | $1.0M | Add +1.4% |
| VOX Vanguard Communication Servi | 0.18% | 5,354 | $1.0M | Reduce -1.0% |
| BUG Global X Cybersecurity ETF | 0.17% | 28,277 | $995K | Reduce -0.9% |
| CHD Church & Dwight Co. Inc. | 0.17% | 11,206 | $982K | No change |
| J Jacobs Solutions Inc. | 0.16% | 6,124 | $918K | Reduce -6.5% |
| WMT Walmart Inc. | 0.16% | 8,817 | $909K | Reduce -1.3% |
| ISRG Intuitive Surgical Inc. | 0.15% | 1,970 | $881K | New |
| TSLA Tesla Inc. | 0.15% | 1,956 | $870K | Add +2.6% |
| XEL Xcel Energy Inc. | 0.15% | 10,759 | $868K | Reduce -3.0% |
| FAST Fastenal Co. | 0.15% | 17,677 | $867K | Add +3.1% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.15% | 1,830 | $849K | Reduce -3.9% |
| EMN Eastman Chemical Co. | 0.14% | 12,327 | $777K | Add +1.5% |
| EOG EOG Resources Inc. | 0.12% | 6,332 | $710K | Add +6.8% |
| WFC Wells Fargo & Co. | 0.12% | 8,423 | $706K | Reduce -0.2% |
| NUE Nucor Corp. | 0.12% | 5,107 | $692K | Add +1.1% |
| GOOG Alphabet Inc. Class C | 0.12% | 2,718 | $662K | Reduce -0.1% |
| UNP Union Pacific Corp. | 0.11% | 2,749 | $650K | Add +1.9% |
| UPS United Parcel Service Class B | 0.11% | 7,743 | $647K | Add +23.2% |
Portfolio Sells Q2 2025 → Q3 2025
| IBM Intl Business Machines Corp. | Reduce -0.9% | 1.95% | −0.26 |
| O Realty Income Corp. | Reduce -12.2% | 1.42% | −0.22 |
| TTE Totalenergies SE -Spon ADR | Reduce -0.2% | 1.56% | −0.16 |
| CSCO Cisco Systems Inc. | Reduce -1.0% | 1.51% | −0.15 |
| EMR Emerson Electric Co. | Reduce -1.7% | 1.19% | −0.13 |
| WM Waste Management Inc. | Reduce -1.9% | 0.71% | −0.09 |
| VZ Verizon Communications Inc. | Reduce -1.0% | 1.34% | −0.09 |
| SO The Southern Co. | Reduce -1.2% | 1.62% | −0.08 |
| WELL Welltower Inc. | Reduce -12.3% | 1.46% | −0.08 |
| LAMR Lamar Advertising Co. Class A | Reduce -1.0% | 0.97% | −0.07 |
| DE Deere & Co. | Reduce -0.2% | 0.37% | −0.07 |
| KO The Coca-Cola Co. | Reduce -0.7% | 0.40% | −0.06 |
| GILD Gilead Sciences Inc. | Reduce -1.4% | 0.64% | −0.06 |
| SHEL Shell PLC-ADR | Reduce -3.1% | 0.47% | −0.04 |
| SMIN iShares MSCI India Small-Cap | Reduce -0.3% | 0.26% | −0.04 |
| CAG Conagra Brands Inc. | Sold out | 0.00% | −0.04 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Sold out | 0.00% | −0.04 |
| JCI Johnson Controls Internation | Reduce -1.8% | 0.59% | −0.03 |
| KMI Kinder Morgan Inc. | Reduce -1.3% | 0.20% | −0.03 |
| QCOM Qualcomm Inc. | Reduce -1.1% | 0.66% | −0.03 |
| PFE Pfizer Inc. | Reduce -0.9% | 0.84% | −0.03 |
| SCHD Schwab US DVD Equity ETF | Reduce -0.4% | 0.54% | −0.03 |
| MMM 3M Co. | Reduce -1.1% | 0.39% | −0.03 |
| BUG Global X Cybersecurity ETF | Reduce -0.9% | 0.17% | −0.02 |
| SGOL Abrdn Physical Gold Shares | Reduce -8.9% | 2.80% | −0.02 |
| NGG National Grid PLC-SP ADR | Reduce -2.6% | 0.18% | −0.02 |
| DUK Duke Energy Corp. | Reduce -1.1% | 0.59% | −0.02 |
| DLR Digital Realty Trust Inc. | Reduce -0.8% | 0.21% | −0.02 |
| IDU iShares US Utilities ETF | Reduce -2.8% | 0.41% | −0.02 |
| KMB Kimberly-Clark Corp. | Reduce -11.8% | 0.06% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -3.1% | 0.56% | −0.01 |
| NFLX Netflix Inc. | Reduce -0.6% | 0.07% | −0.01 |
| XLF SS Financial Select Sector | Reduce -1.4% | 0.23% | −0.01 |
| DIS The Walt Disney Co. | Reduce -9.8% | 0.04% | −0.01 |
| NVS Novartis AG-Sponsored ADR | Reduce -2.2% | 0.36% | −0.01 |
| SCHX Schwab US Large-Cap ETF | Reduce -2.3% | 0.67% | −0.01 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -3.7% | 0.21% | −0.01 |
| FINX Global X Fintech ETF | Reduce -4.5% | 0.07% | −0.01 |
| AMT American Tower Corp. | Reduce -1.0% | 0.04% | −0.01 |
| V Visa Inc. Class A | Reduce -0.9% | 0.08% | −0.01 |
| PFF iShares Preferred & Income S | Reduce -9.8% | 0.06% | −0.01 |
| XLE SS Energy Select Sector | Reduce -0.8% | 0.36% | −0.01 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -3.9% | 0.15% | −0.01 |
| IYH iShares U.S. Healthcare ETF | Reduce -9.4% | 0.06% | −0.01 |
| IRM Iron Mountain Inc. | Reduce -6.8% | 0.05% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -7.7% | 0.05% | −0.01 |
| AEP American Electric Power | Reduce -1.9% | 0.83% | −0.01 |
| GEHC GE Healthcare Technology | Reduce -2.6% | 0.07% | −0.01 |
| WMT Walmart Inc. | Reduce -1.3% | 0.16% | −0.00 |
| IYW iShares Ustechnology ETF | Reduce -12.7% | 0.05% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| MLI Mueller Industries Inc. | Add +29.8% | 1.18% | +0.41 |
| PANW Palo Alto Networks Inc. | Add +32.7% | 0.85% | +0.16 |
| ISRG Intuitive Surgical Inc. | New | 0.15% | +0.15 |
| JNJ Johnson & Johnson | Add +2.5% | 0.96% | +0.13 |
| AMZN Amazon.com Inc. | Add +13.9% | 2.02% | +0.12 |
| FE Firstenergy Corp. | Add +0.1% | 1.98% | +0.12 |
| MRVL Marvell Technology Inc. | Add +18.3% | 0.47% | +0.08 |
| PEP Pepsico Inc. | New | 0.07% | +0.07 |
| ABBV Abbvie Inc. | New | 0.04% | +0.04 |
| GTLS Chart Industries Inc. | New | 0.04% | +0.04 |
| TSLA Tesla Inc. | Add +2.6% | 0.15% | +0.04 |
| AMAT Applied Materials Inc. | Add +6.2% | 0.39% | +0.04 |
| CMI Cummins Inc. | New | 0.04% | +0.04 |
| RTX RTX Corp. | New | 0.04% | +0.04 |
| ORCL Oracle Corp. | New | 0.04% | +0.04 |
| MDT Medtronic PLC | Add +1.4% | 0.88% | +0.03 |
| MRK Merck & Co. Inc. | Add +3.2% | 1.02% | +0.02 |
| FAST Fastenal Co. | Add +3.1% | 0.15% | +0.02 |
| OKTA Okta Inc. | Add +21.5% | 0.42% | +0.02 |
| SOFI Sofi Technologies Inc. | Add +0.7% | 0.05% | +0.01 |
| XOM Exxon Mobil Corp. | Add +5.0% | 0.56% | +0.01 |
| NSC Norfolk Southern Corp. | Add +0.8% | 0.04% | +0.00 |
| WEC WEC Energy Group Inc. | Add +0.4% | 0.09% | +0.00 |
| SWK Stanley Black & Decker Inc. | Add +0.3% | 0.05% | +0.00 |
| XLV SS Health Care Select Sector | Add +3.3% | 0.31% | −0.00 |
| NUE Nucor Corp. | Add +1.1% | 0.12% | −0.00 |
| PFFD Global X US Preferred ETF | Add +0.1% | 0.05% | −0.00 |
| AMGN Amgen Inc. | Add +0.1% | 0.04% | −0.00 |
| RSP Invesco S&P 500 Equal Weight | Add +1.4% | 0.18% | −0.00 |
| BMY Bristol-Myers Squibb Co. | Add +5.1% | 0.06% | −0.00 |
| UNP Union Pacific Corp. | Add +1.9% | 0.11% | −0.00 |
| UPS United Parcel Service Class B | Add +23.2% | 0.11% | −0.01 |
| T AT&T Inc. | Add +0.0% | 0.08% | −0.01 |
| EOG EOG Resources Inc. | Add +6.8% | 0.12% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.3% | 0.31% | −0.01 |
| EMN Eastman Chemical Co. | Add +1.5% | 0.14% | −0.03 |
| MSFT Microsoft Corp. | Add +0.0% | 1.64% | −0.05 |
| OKE Oneok Inc. | Add +13.3% | 1.05% | −0.06 |
| PG The Procter & Gamble Co. | Add +1.2% | 0.75% | −0.07 |
| VVR Invesco Senior Income Trust | Add +1.4% | 0.78% | −0.13 |
| ADBE Adobe Inc. | Add +1.2% | 0.95% | −0.15 |
| HON Honeywell International Inc. | Add +1.4% | 0.95% | −0.16 |
| JEPI JPMorgan Equity Premium Inco | Add +1.1% | 3.01% | −0.17 |
| MLPA Global X MLP ETF | Add +0.9% | 2.15% | −0.22 |
| JAAA Janus Henderson Aaa Clo ETF | Add +2.1% | 15.70% | −0.78 |
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 |