CBIZ Investment Advisory Services, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), CBIZ Investment Advisory Services, LLC reported 737 stock positions worth $2.3 billion. Its top holding was Vanguard Total Bond Market (BND) at 22.8% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 17.5%) and Vanguard Ftse All-World Ex-U (VEU, 16.4%). Compared with Q1 2025, it opened 139 new positions, sold out of 24, added to 336 and reduced 137. The biggest buy was Vanguard Mrngstar GR ETF-Sui (VUG, shares +4%) and the biggest sale Vanguard Ftse All-World Ex-U (VEU, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- INDEPENDENCE, OH
- CIK
- 0001795934
- Portfolio Value
- $2.3B (Q2 2025)
- SEC Filing
- 0001795934-25-000005 ↗ filed Aug 11, 2025
Holdings Value
Holdings 737 stocks · $2.3B
| BND Vanguard Total Bond Market | 22.78% | 6,985,273 | $514.3M | Add +3.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 17.55% | 903,783 | $396.2M | Add +4.1% |
| VEU Vanguard Ftse All-World Ex-U | 16.40% | 5,508,749 | $370.3M | Reduce -2.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 16.10% | 2,056,535 | $363.6M | Add +2.7% |
| QQQ Invesco QQQ Trust Series 1 | 10.30% | 421,548 | $232.6M | Add +3.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 4.37% | 352,513 | $98.7M | Add +3.7% |
| RSP Invesco S&P 500 Equal Weight | 2.14% | 266,397 | $48.4M | Reduce -0.1% |
| TDG Transdigm Group Inc. | 1.96% | 29,103 | $44.3M | Reduce -0.8% |
| IVV iShares Core S&P 500 ETF | 1.65% | 59,872 | $37.2M | Add +19.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.43% | 136,154 | $32.3M | Add +7.6% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 1.29% | 362,220 | $29.2M | Add +5.3% |
| VCIT Vanguard Int-Term Corporate | 1.20% | 327,764 | $27.2M | Add +3.4% |
| VEA Vanguard Ftse Developed ETF | 0.44% | 174,541 | $10.0M | Reduce -8.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.33% | 24,122 | $7.4M | Reduce -6.5% |
| VONE Vanguard Russell 1000 | 0.24% | 19,041 | $5.3M | Add +0.7% |
| AAPL Apple Inc. | 0.16% | 17,772 | $3.6M | Add +0.1% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.15% | 53,601 | $3.4M | Reduce -4.3% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.12% | 16,027 | $2.6M | No change |
| IJH iShares Core S&P Midcap ETF | 0.09% | 32,398 | $2.0M | Reduce -8.8% |
| MSFT Microsoft Corp. | 0.05% | 2,234 | $1.1M | Add +10.8% |
| VONV Vanguard Russell 1000 Value | 0.04% | 11,884 | $1.0M | Reduce -43.4% |
| IWF iShares Russell 1000 Growth | 0.04% | 2,362 | $1.0M | Reduce -22.0% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.04% | 8,402 | $921K | No change |
| DVY iShares Select Dividend ETF | 0.04% | 6,626 | $880K | Reduce -29.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.04% | 1,725 | $838K | Add +6.5% |
| AMZN Amazon.com Inc. | 0.04% | 3,783 | $830K | Add +2.0% |
| NVDA Nvidia Corp. | 0.03% | 4,886 | $772K | Add +16.0% |
| VOO Vanguard S&P 500 ETF | 0.03% | 1,120 | $638K | Reduce -13.3% |
| AVGO Broadcom Inc. | 0.03% | 2,088 | $576K | Reduce -10.6% |
| GOOGL Alphabet Inc. Class A | 0.02% | 3,166 | $558K | Add +2.5% |
| EFA iShares MSCI Eafe ETF | 0.02% | 6,174 | $552K | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.02% | 6,214 | $519K | Reduce -3.3% |
| IJR iShares Core S&P Small-Cap E | 0.02% | 4,536 | $496K | Reduce -4.3% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 0.02% | 8,470 | $431K | Add +0.3% |
| LLY Eli Lilly & Co. | 0.02% | 526 | $410K | Reduce -4.0% |
| BSV Vanguard Short-Term Bond ETF | 0.02% | 5,055 | $398K | Reduce -0.5% |
| JPM JPMorgan Chase & Co. | 0.02% | 1,333 | $386K | Reduce -2.4% |
| WMT Walmart Inc. | 0.02% | 3,635 | $355K | Add +13.3% |
| TSLA Tesla Inc. | 0.02% | 1,074 | $341K | Add +4.9% |
| CBZ Cbiz Inc. | 0.01% | 4,438 | $318K | Add +1.1% |
| BSX Boston Scientific Corp. | 0.01% | 2,907 | $312K | Reduce -5.5% |
| META Meta Platforms Inc. Class A | 0.01% | 402 | $297K | Add +5.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.01% | 6,027 | $285K | Reduce -29.2% |
| SDY SS SPDR S&P Dividend ETF | 0.01% | 1,980 | $269K | No change |
| PKBK Parke Bancorp Inc. | 0.01% | 12,567 | $256K | No change |
| ETN Eaton Corp. PLC | 0.01% | 699 | $249K | Reduce -3.9% |
| ADBE Adobe Inc. | 0.01% | 621 | $240K | Add +7.4% |
| VNQ Vanguard Real Estate ETF | 0.01% | 2,661 | $237K | Reduce -6.9% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 0.01% | 3,072 | $218K | No change |
| MA Mastercard Inc. Class A | 0.01% | 320 | $180K | Reduce -17.1% |
| COST Costco Wholesale Corp. | 0.01% | 176 | $174K | Add +1.7% |
| PRF Invesco Rafi US 1000 ETF | 0.01% | 4,110 | $174K | No change |
| BSCP Invesco Bulletshares 2025 CB | 0.01% | 8,331 | $172K | Reduce -20.9% |
| ABBV Abbvie Inc. | 0.01% | 926 | $172K | Reduce -8.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.01% | 1,278 | $158K | Add +20.8% |
| VWO Vanguard Ftse Emerging Marke | 0.01% | 3,192 | $158K | No change |
| SAP Sap SE-Sponsored ADR | 0.01% | 480 | $146K | No change |
| VGT Vanguard Info Tech ETF | 0.01% | 210 | $139K | No change |
| V Visa Inc. Class A | 0.01% | 380 | $135K | Add +34.3% |
| SCHX Schwab US Large-Cap ETF | 0.01% | 5,472 | $134K | No change |
| NFLX Netflix Inc. | 0.01% | 96 | $129K | Add +52.4% |
| HON Honeywell International Inc. | 0.01% | 549 | $128K | Add +2.8% |
| ORCL Oracle Corp. | 0.01% | 565 | $123K | Reduce -21.5% |
| T AT&T Inc. | 0.01% | 4,216 | $122K | Add +5.9% |
| MCD McDonald's Corp. | 0.01% | 412 | $120K | Add +14.1% |
| RTX RTX Corp. | 0.01% | 809 | $118K | Reduce -5.6% |
| KMPR Kemper Corp. | 0.01% | 1,805 | $116K | No change |
| KO The Coca-Cola Co. | 0.01% | 1,633 | $116K | Add +5.2% |
| IUSV iShares Core S&P U.S. Value | 0.01% | 1,229 | $116K | No change |
| VZ Verizon Communications Inc. | 0.01% | 2,682 | $116K | Add +7.1% |
| LRCX Lam Research Corp. | 0.01% | 1,171 | $114K | Add +5.5% |
| CVX Chevron Corp. | 0.01% | 793 | $113K | Reduce -13.2% |
| ITW Illinois Tool Works | 0.00% | 443 | $110K | Add +13.6% |
| XLK SS Technology Select Sector | 0.00% | 430 | $109K | No change |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.00% | 4,362 | $107K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.00% | 357 | $105K | Add +14.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.00% | 169 | $104K | Add +1.2% |
| HD Home Depot Inc. | 0.00% | 279 | $102K | Reduce -18.9% |
| XOM Exxon Mobil Corp. | 0.00% | 939 | $101K | Reduce -14.2% |
| RSG Republic Services Inc. | 0.00% | 403 | $99K | Add +0.3% |
| VDE Vanguard Energy ETF | 0.00% | 832 | $99K | Add +0.5% |
| APH Amphenol Corp. Class A | 0.00% | 970 | $96K | Reduce -26.7% |
| TMUS T-Mobile US Inc. | 0.00% | 369 | $88K | Add +4.2% |
| JNJ Johnson & Johnson | 0.00% | 572 | $87K | Reduce -8.8% |
| GE General Electric filed as GE AEROSPACE | 0.00% | 338 | $87K | Add +10.8% |
| CEG Constellation Energy | 0.00% | 266 | $86K | Add +1230.0% |
| KLAC KLA Corp. | 0.00% | 94 | $84K | Add +32.4% |
| BSCR Invesco Bulletshares 2027 CB | 0.00% | 4,134 | $81K | Add +1.1% |
| LMT Lockheed Martin Corp. | 0.00% | 175 | $81K | Add +3.5% |
| BSCQ Invesco Bulletshares 2026 CB | 0.00% | 4,136 | $81K | Add +1.1% |
| CSCO Cisco Systems Inc. | 0.00% | 1,158 | $80K | Add +17.7% |
| VTIP Vanguard Short-Term Tips | 0.00% | 1,561 | $78K | No change |
| VXUS Vanguard Total Intl Stock | 0.00% | 1,129 | $78K | No change |
| GLD SPDR Gold Shares | 0.00% | 250 | $76K | No change |
| ABT Abbott Laboratories | 0.00% | 559 | $76K | Add +68.9% |
| MS Morgan Stanley | 0.00% | 538 | $76K | Add +155.0% |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | 0.00% | 1,790 | $73K | No change |
| PLTR Palantir Technologies Inc. Class A | 0.00% | 530 | $72K | Add +28.3% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.00% | 2,490 | $71K | No change |
| DE Deere & Co. | 0.00% | 140 | $71K | Add +9.4% |
Lines left out (4) · $69 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| GPC Genuine Parts Co. | COM | 0 | $57 |
| ARCC Ares Capital Corp. | COM | 0 | $6 |
| SHY iShares 1-3 Year Treasury Bo | 1 3 YR TREAS BD | 0 | $5 |
| ETJ Eaton Vance RSK-MGD Divers | COM | 0 | $1 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $2.3B.
Portfolio Sells Q1 2025 → Q2 2025
| VEU Vanguard Ftse All-World Ex-U | Reduce -2.1% | 16.40% | −0.32 |
| RSP Invesco S&P 500 Equal Weight | Reduce -0.1% | 2.14% | −0.12 |
| MTUM iShares MSCI USA Momentum Fa | Sold out | 0.00% | −0.07 |
| VONV Vanguard Russell 1000 Value | Reduce -43.4% | 0.04% | −0.04 |
| VEA Vanguard Ftse Developed ETF | Reduce -8.8% | 0.44% | −0.04 |
| TDG Transdigm Group Inc. | Reduce -0.8% | 1.96% | −0.03 |
| DVY iShares Select Dividend ETF | Reduce -29.5% | 0.04% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -6.5% | 0.33% | −0.02 |
| IJH iShares Core S&P Midcap ETF | Reduce -8.8% | 0.09% | −0.01 |
| IWF iShares Russell 1000 Growth | Reduce -22.0% | 0.04% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -51.2% | 0.00% | −0.01 |
| BAC Bank of America Corp. | Reduce -29.2% | 0.01% | −0.00 |
| VOO Vanguard S&P 500 ETF | Reduce -13.3% | 0.03% | −0.00 |
| LLY Eli Lilly & Co. | Reduce -4.0% | 0.02% | −0.00 |
| AIG American International Group | Reduce -60.8% | 0.00% | −0.00 |
| BSCP Invesco Bulletshares 2025 CB | Reduce -20.9% | 0.01% | −0.00 |
| ABBV Abbvie Inc. | Reduce -8.0% | 0.01% | −0.00 |
| MUB iShares National Muni Bond E | Reduce -87.6% | 0.00% | −0.00 |
| CVX Chevron Corp. | Reduce -13.2% | 0.01% | −0.00 |
| MA Mastercard Inc. Class A | Reduce -17.1% | 0.01% | −0.00 |
| IJR iShares Core S&P Small-Cap E | Reduce -4.3% | 0.02% | −0.00 |
| X United States Steel Corp. | Sold out | 0.00% | −0.00 |
| C Citigroup Inc. | Reduce -49.1% | 0.00% | −0.00 |
| VNQ Vanguard Real Estate ETF | Reduce -6.9% | 0.01% | −0.00 |
| PEG Public Service Enterprise GP | Reduce -49.1% | 0.00% | −0.00 |
| XOM Exxon Mobil Corp. | Reduce -14.2% | 0.00% | −0.00 |
| BSV Vanguard Short-Term Bond ETF | Reduce -0.5% | 0.02% | −0.00 |
| HD Home Depot Inc. | Reduce -18.9% | 0.00% | −0.00 |
| CME Cme Group Inc. | Reduce -48.4% | 0.00% | −0.00 |
| PEP Pepsico Inc. | Reduce -24.4% | 0.00% | −0.00 |
| BSX Boston Scientific Corp. | Reduce -5.5% | 0.01% | −0.00 |
| CASY Casey's General Stores Inc. | Reduce -98.4% | 0.00% | −0.00 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -4.3% | 0.15% | −0.00 |
| JNJ Johnson & Johnson | Reduce -8.8% | 0.00% | −0.00 |
| UNP Union Pacific Corp. | Reduce -82.5% | 0.00% | −0.00 |
| COWZ Pacer US Cash Cows 100 ETF | Sold out | 0.00% | −0.00 |
| SNDR Schneider National Inc. Class B | Sold out | 0.00% | −0.00 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.00 |
| AMGN Amgen Inc. | Reduce -46.7% | 0.00% | −0.00 |
| CMCSA Comcast Corp. Class A | Reduce -11.2% | 0.00% | −0.00 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -3.3% | 0.02% | −0.00 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −0.00 |
| CCI Crown Castle Inc. | Reduce -69.7% | 0.00% | −0.00 |
| AGNT Agnt Inc. | Sold out | 0.00% | −0.00 |
| HLNE Hamilton Lane Inc. Class A | Reduce -23.7% | 0.00% | −0.00 |
| HUBS HubSpot Inc. | Reduce -77.4% | 0.00% | −0.00 |
| NSP Insperity Inc. | Reduce -98.7% | 0.00% | −0.00 |
| MDLZ Mondelez International Inc. Class A | Reduce -18.4% | 0.00% | −0.00 |
| O Realty Income Corp. | Reduce -32.2% | 0.00% | −0.00 |
| RWO State Street SPDR Dow Jones | Reduce -96.7% | 0.00% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| VUG Vanguard Mrngstar GR ETF-Sui | Add +4.1% | 17.55% | +1.78 |
| QQQ Invesco QQQ Trust Series 1 | Add +3.0% | 10.30% | +0.90 |
| IVV iShares Core S&P 500 ETF | Add +19.7% | 1.65% | +0.27 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +3.7% | 4.37% | +0.06 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +7.6% | 1.43% | +0.05 |
| MSFT Microsoft Corp. | Add +10.8% | 0.05% | +0.01 |
| NVDA Nvidia Corp. | Add +16.0% | 0.03% | +0.01 |
| CEG Constellation Energy | Add +1230.0% | 0.00% | +0.00 |
| ED Consolidated Edison Inc. | Add +10816.7% | 0.00% | +0.00 |
| NFLX Netflix Inc. | Add +52.4% | 0.01% | +0.00 |
| META Meta Platforms Inc. Class A | Add +5.0% | 0.01% | +0.00 |
| GS Goldman Sachs Group Inc. | Add +230.0% | 0.00% | +0.00 |
| AMZN Amazon.com Inc. | Add +2.0% | 0.04% | +0.00 |
| MS Morgan Stanley | Add +155.0% | 0.00% | +0.00 |
| BKNG Booking Holdings Inc. | Add +400.0% | 0.00% | +0.00 |
| TSLA Tesla Inc. | Add +4.9% | 0.02% | +0.00 |
| COF Capital One Financial Corp. | Add +403.9% | 0.00% | +0.00 |
| DIS The Walt Disney Co. | Add +20.8% | 0.01% | +0.00 |
| WMT Walmart Inc. | Add +13.3% | 0.02% | +0.00 |
| GEV GE Vernova Inc. | Add +128.3% | 0.00% | +0.00 |
| VONE Vanguard Russell 1000 | Add +0.7% | 0.24% | +0.00 |
| NOW ServiceNow Inc. | Add +175.0% | 0.00% | +0.00 |
| AXP American Express Co. | Add +510.0% | 0.00% | +0.00 |
| PLTR Palantir Technologies Inc. Class A | Add +28.3% | 0.00% | +0.00 |
| KLAC KLA Corp. | Add +32.4% | 0.00% | +0.00 |
| TJX TJX Companies Inc. | Add +230.3% | 0.00% | +0.00 |
| TXN Texas Instruments Inc. | Add +78.5% | 0.00% | +0.00 |
| WELL Welltower Inc. | Add +1675.0% | 0.00% | +0.00 |
| GOOGL Alphabet Inc. Class A | Add +2.5% | 0.02% | +0.00 |
| ELV Elevance Health Inc. | Add +542.9% | 0.00% | +0.00 |
| EXC Exelon Corp. | Add +148.1% | 0.00% | +0.00 |
| PFE Pfizer Inc. | Add +149.1% | 0.00% | +0.00 |
| ABT Abbott Laboratories | Add +68.9% | 0.00% | +0.00 |
| PM Philip Morris International | Add +69.8% | 0.00% | +0.00 |
| REGN Regeneron Pharmaceuticals | Add +5000.0% | 0.00% | +0.00 |
| SYK Stryker Corp. | Add +106.1% | 0.00% | +0.00 |
| EXPD Expeditors Intl Wash Inc. | New | 0.00% | +0.00 |
| LRCX Lam Research Corp. | Add +5.5% | 0.01% | +0.00 |
| PNC PNC Financial Services Group | Add +511.1% | 0.00% | +0.00 |
| V Visa Inc. Class A | Add +34.3% | 0.01% | +0.00 |
| ANET Arista Networks Inc. | Add +253.6% | 0.00% | +0.00 |
| BA The Boeing Co. | Add +89.2% | 0.00% | +0.00 |
| CDNS Cadence Design SYS Inc. | Add +1250.0% | 0.00% | +0.00 |
| INTU Intuit Inc. | Add +44.0% | 0.00% | +0.00 |
| SNPS Synopsys Inc. | Add +241.2% | 0.00% | +0.00 |
| TFC Truist Financial Corp. | Add +201.2% | 0.00% | +0.00 |
| TEL Te Connectivity PLC | Add +4566.7% | 0.00% | +0.00 |
| ADI Analog Devices Inc. | Add +147.2% | 0.00% | +0.00 |
| CAT Caterpillar Inc. | Add +96.0% | 0.00% | +0.00 |
| GE General Electric | Add +10.8% | 0.00% | +0.00 |
Notes & Other Activity Q1 2025 → Q2 2025
| ARCC Ares Capital Corp. | COM | Reduce -100.0% | 0 | $6 |
| SHY iShares 1-3 Year Treasury Bo | 1 3 YR TREAS BD | Reduce -100.0% | 0 | $5 |
| SSTK Shutterstock Inc. | COM | Sold out | 0 | $0before exit |
| SWKS Skyworks Solutions Inc. | COM | Sold out | 0 | $0before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 413 | $2.7B | BND, VTV, VEU, VUG, QQQ |
| Q1 2026 | 413 | $2.7B | BND, VTV, VEU, VUG, QQQ |
| Q4 2025 | 765 | $2.6B | BND, VUG, VTV, VEU, QQQ |
| Q3 2025 | 661 | $2.6B | BND, VUG, VTV, VEU, QQQ |
| Q2 2025 | 737 | $2.3B | BND, VUG, VEU, VTV, QQQ |
| Q1 2025Amended | 616 | $2.0B | BND, VTV, VEU, VUG, QQQ |
| Q4 2024 | 477 | $2.0B | BND, VUG, VTV, VEU, QQQ |
| Q3 2024 | 403 | $1.9B | BND, VTV, VUG, VEU, QQQ |
| Q2 2024 | 401 | $1.8B | BND, VUG, VEU, VTV, QQQ |
| Q1 2024 | 357 | $1.4B | BND, VEU, VUG, VTV, VO |