CBIZ Investment Advisory Services, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), CBIZ Investment Advisory Services, LLC reported 661 stock positions worth $2.6 billion. Its top holding was Vanguard Total Bond Market (BND) at 22.2% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 15.5%) and Vanguard Mrngstr Val ETF-Aui (VTV, 15.2%). Compared with Q2 2025, it opened 58 new positions, sold out of 134, added to 282 and reduced 210. The biggest buy was Vanguard Ftse Emerging Marke (VWO, shares +61873%) and the biggest sale Vanguard Mrngstar GR ETF-Sui (VUG, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- INDEPENDENCE, OH
- CIK
- 0001795934
- Portfolio Value
- $2.6B (Q3 2025)
- SEC Filing
- 0001795934-25-000006 ↗ filed Nov 6, 2025
Holdings Value
Holdings 661 stocks · $2.6B
| BND Vanguard Total Bond Market | 22.17% | 7,612,144 | $566.1M | Add +9.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 15.54% | 827,656 | $397.0M | Reduce -8.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 15.16% | 2,076,263 | $387.3M | Add +1.0% |
| VEU Vanguard Ftse All-World Ex-U | 14.91% | 5,335,658 | $380.8M | Reduce -3.1% |
| QQQ Invesco QQQ Trust Series 1 | 9.90% | 421,260 | $253.0M | Reduce -0.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 7.15% | 621,307 | $182.5M | Add +76.3% |
| VWO Vanguard Ftse Emerging Marke | 4.20% | 1,978,163 | $107.2M | Add +61872.5% |
| RSP Invesco S&P 500 Equal Weight | 1.59% | 213,450 | $40.5M | Reduce -19.9% |
| IVV iShares Core S&P 500 ETF | 1.57% | 59,913 | $40.1M | Add +0.1% |
| TDG Transdigm Group Inc. | 1.50% | 29,048 | $38.3M | Reduce -0.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.31% | 131,414 | $33.4M | Reduce -3.5% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 1.23% | 386,154 | $31.4M | Add +6.6% |
| VCIT Vanguard Int-Term Corporate | 1.16% | 352,946 | $29.7M | Add +7.7% |
| VEA Vanguard Ftse Developed ETF | 0.41% | 174,321 | $10.4M | Reduce -0.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.26% | 20,097 | $6.6M | Reduce -16.7% |
| VONE Vanguard Russell 1000 | 0.21% | 17,555 | $5.3M | Reduce -7.8% |
| AAPL Apple Inc. | 0.14% | 14,489 | $3.7M | Reduce -18.5% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.14% | 52,054 | $3.5M | Reduce -2.9% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.11% | 16,027 | $2.8M | No change |
| IJH iShares Core S&P Midcap ETF | 0.08% | 32,318 | $2.1M | Reduce -0.3% |
| NVDA Nvidia Corp. | 0.07% | 9,477 | $1.8M | Add +94.0% |
| MSFT Microsoft Corp. | 0.05% | 2,366 | $1.2M | Add +5.9% |
| JPM JPMorgan Chase & Co. | 0.05% | 3,810 | $1.2M | Add +185.8% |
| VONV Vanguard Russell 1000 Value | 0.04% | 11,861 | $1.1M | Reduce -0.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.04% | 2,054 | $1.0M | Add +19.1% |
| IWF iShares Russell 1000 Growth | 0.04% | 2,162 | $1.0M | Reduce -8.5% |
| DVY iShares Select Dividend ETF | 0.04% | 6,651 | $945K | Add +0.4% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.04% | 8,402 | $937K | No change |
| AMZN Amazon.com Inc. | 0.04% | 4,182 | $918K | Add +10.6% |
| GOOGL Alphabet Inc. Class A | 0.03% | 3,441 | $837K | Add +8.7% |
| AVGO Broadcom Inc. | 0.03% | 2,202 | $726K | Add +5.5% |
| EFA iShares MSCI Eafe ETF | 0.02% | 6,174 | $576K | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.02% | 6,289 | $549K | Add +1.2% |
| IJR iShares Core S&P Small-Cap E | 0.02% | 4,560 | $542K | Add +0.5% |
| TSLA Tesla Inc. | 0.02% | 1,141 | $507K | Add +6.2% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 0.02% | 8,490 | $466K | Add +0.2% |
| BSV Vanguard Short-Term Bond ETF | 0.02% | 5,226 | $412K | Add +3.4% |
| LLY Eli Lilly & Co. | 0.02% | 521 | $398K | Reduce -0.9% |
| WMT Walmart Inc. | 0.01% | 3,551 | $366K | Reduce -2.3% |
| VOO Vanguard S&P 500 ETF | 0.01% | 546 | $335K | Reduce -51.3% |
| META Meta Platforms Inc. Class A | 0.01% | 455 | $334K | Add +13.2% |
| SDY SS SPDR S&P Dividend ETF | 0.01% | 1,980 | $277K | No change |
| ETN Eaton Corp. PLC | 0.01% | 734 | $275K | Add +5.0% |
| PKBK Parke Bancorp Inc. | 0.01% | 12,567 | $271K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.01% | 5,176 | $267K | Reduce -14.1% |
| VNQ Vanguard Real Estate ETF | 0.01% | 2,738 | $250K | Add +2.9% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 0.01% | 3,072 | $245K | No change |
| ABBV Abbvie Inc. | 0.01% | 1,020 | $236K | Add +10.2% |
| CBZ Cbiz Inc. | 0.01% | 4,438 | $235K | No change |
| ADBE Adobe Inc. | 0.01% | 603 | $213K | Reduce -2.9% |
| MA Mastercard Inc. Class A | 0.01% | 333 | $189K | Add +4.1% |
| BSX Boston Scientific Corp. | 0.01% | 1,921 | $188K | Reduce -33.9% |
| PRF Invesco Rafi US 1000 ETF | 0.01% | 4,110 | $186K | No change |
| BSCP Invesco Bulletshares 2025 CB | 0.01% | 8,373 | $173K | Add +0.5% |
| ORCL Oracle Corp. | 0.01% | 593 | $167K | Add +5.0% |
| COST Costco Wholesale Corp. | 0.01% | 173 | $160K | Reduce -1.7% |
| LRCX Lam Research Corp. | 0.01% | 1,171 | $157K | No change |
| VGT Vanguard Info Tech ETF | 0.01% | 210 | $157K | No change |
| RTX RTX Corp. | 0.01% | 902 | $151K | Add +11.5% |
| SCHX Schwab US Large-Cap ETF | 0.01% | 5,472 | $144K | No change |
| HD Home Depot Inc. | 0.01% | 348 | $141K | Add +24.7% |
| NFLX Netflix Inc. | 0.01% | 116 | $139K | Add +20.8% |
| CVX Chevron Corp. | 0.01% | 893 | $139K | Add +12.6% |
| V Visa Inc. Class A | 0.01% | 402 | $137K | Add +5.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.01% | 1,143 | $131K | Reduce -10.6% |
| JNJ Johnson & Johnson | 0.01% | 685 | $127K | Add +19.8% |
| APH Amphenol Corp. Class A | 0.00% | 1,008 | $125K | Add +3.9% |
| IUSV iShares Core S&P U.S. Value | 0.00% | 1,229 | $123K | No change |
| VZ Verizon Communications Inc. | 0.00% | 2,784 | $122K | Add +3.8% |
| XLK SS Technology Select Sector | 0.00% | 430 | $121K | No change |
| PLTR Palantir Technologies Inc. Class A | 0.00% | 661 | $121K | Add +24.7% |
| ITW Illinois Tool Works | 0.00% | 443 | $116K | No change |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.00% | 4,362 | $115K | No change |
| XOM Exxon Mobil Corp. | 0.00% | 1,016 | $115K | Add +8.2% |
| MCD McDonald's Corp. | 0.00% | 376 | $114K | Reduce -8.7% |
| T AT&T Inc. | 0.00% | 3,975 | $112K | Reduce -5.7% |
| HON Honeywell International Inc. | 0.00% | 525 | $110K | Reduce -4.4% |
| UNH Unitedhealth Group Inc. | 0.00% | 302 | $104K | Add +43.8% |
| VXUS Vanguard Total Intl Stock | 0.00% | 1,402 | $103K | Add +24.2% |
| KLAC KLA Corp. | 0.00% | 94 | $102K | No change |
| KO The Coca-Cola Co. | 0.00% | 1,488 | $99K | Reduce -8.9% |
| KMPR Kemper Corp. | 0.00% | 1,805 | $93K | No change |
| RSG Republic Services Inc. | 0.00% | 400 | $92K | Reduce -0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.00% | 136 | $91K | Reduce -19.5% |
| GLD SPDR Gold Shares | 0.00% | 250 | $89K | No change |
| VDE Vanguard Energy ETF | 0.00% | 696 | $88K | Reduce -16.4% |
| GS Goldman Sachs Group Inc. | 0.00% | 107 | $85K | Add +8.1% |
| BSCR Invesco Bulletshares 2027 CB | 0.00% | 4,180 | $82K | Add +1.1% |
| BSCQ Invesco Bulletshares 2026 CB | 0.00% | 4,179 | $82K | Add +1.0% |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | 0.00% | 1,790 | $81K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.00% | 287 | $81K | Reduce -19.6% |
| BSCS Invesco Bulletshares 2028 CB | 0.00% | 3,898 | $80K | New |
| AMD Advanced Micro Devices | 0.00% | 494 | $80K | Add +5.6% |
| VTIP Vanguard Short-Term Tips | 0.00% | 1,561 | $79K | No change |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.00% | 2,490 | $78K | No change |
| LMT Lockheed Martin Corp. | 0.00% | 151 | $76K | Reduce -13.7% |
| ITOT iShares Core S&P Total U.S. | 0.00% | 500 | $73K | No change |
| MS Morgan Stanley | 0.00% | 447 | $71K | Reduce -16.9% |
| C Citigroup Inc. | 0.00% | 697 | $71K | Reduce -4.7% |
| TMUS T-Mobile US Inc. | 0.00% | 288 | $69K | Reduce -21.9% |
Lines left out (4) · $85 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| GPC Genuine Parts Co. | COM | 0 | $65 |
| STWD Starwood Property Trust Inc. | COM | 0 | $10 |
| ARCC Ares Capital Corp. | COM | 0 | $5 |
| SHY iShares 1-3 Year Treasury Bo | 1 3 YR TREAS BD | 0 | $5 |
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: $2.6B.
Portfolio Sells Q2 2025 → Q3 2025
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -8.4% | 15.54% | −2.00 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -3.1% | 14.91% | −1.49 |
| RSP Invesco S&P 500 Equal Weight | Reduce -19.9% | 1.59% | −0.56 |
| TDG Transdigm Group Inc. | Reduce -0.2% | 1.50% | −0.46 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.1% | 9.90% | −0.39 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -3.5% | 1.31% | −0.12 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -16.7% | 0.26% | −0.07 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.1% | 0.41% | −0.03 |
| VONE Vanguard Russell 1000 | Reduce -7.8% | 0.21% | −0.03 |
| AAPL Apple Inc. | Reduce -18.5% | 0.14% | −0.02 |
| VOO Vanguard S&P 500 ETF | Reduce -51.3% | 0.01% | −0.02 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -2.9% | 0.14% | −0.01 |
| BSX Boston Scientific Corp. | Reduce -33.9% | 0.01% | −0.01 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -0.3% | 0.08% | −0.01 |
| IWF iShares Russell 1000 Growth | Reduce -8.5% | 0.04% | −0.00 |
| VONV Vanguard Russell 1000 Value | Reduce -0.2% | 0.04% | −0.00 |
| CEG Constellation Energy | Reduce -81.6% | 0.00% | −0.00 |
| ED Consolidated Edison Inc. | Reduce -89.9% | 0.00% | −0.00 |
| LLY Eli Lilly & Co. | Reduce -0.9% | 0.02% | −0.00 |
| ADBE Adobe Inc. | Reduce -2.9% | 0.01% | −0.00 |
| BAC Bank of America Corp. | Reduce -14.1% | 0.01% | −0.00 |
| RGEN Repligen Corp. | Sold out | 0.00% | −0.00 |
| DIS The Walt Disney Co. | Reduce -10.6% | 0.01% | −0.00 |
| ADP Automatic Data Processing | Reduce -56.9% | 0.00% | −0.00 |
| CSCO Cisco Systems Inc. | Reduce -39.8% | 0.00% | −0.00 |
| CMCSA Comcast Corp. Class A | Reduce -51.5% | 0.00% | −0.00 |
| EXC Exelon Corp. | Reduce -67.6% | 0.00% | −0.00 |
| PSX Phillips 66 | Reduce -97.2% | 0.00% | −0.00 |
| NOW ServiceNow Inc. | Reduce -54.5% | 0.00% | −0.00 |
| AFL Aflac Inc. | Reduce -79.9% | 0.00% | −0.00 |
| IBM Intl Business Machines Corp. | Reduce -19.6% | 0.00% | −0.00 |
| COST Costco Wholesale Corp. | Reduce -1.7% | 0.01% | −0.00 |
| HALO Halozyme Therapeutics Inc. | Sold out | 0.00% | −0.00 |
| MRNA Moderna Inc. | Reduce -90.8% | 0.00% | −0.00 |
| WMT Walmart Inc. | Reduce -2.3% | 0.01% | −0.00 |
| ATO Atmos Energy Corp. | Sold out | 0.00% | −0.00 |
| KO The Coca-Cola Co. | Reduce -8.9% | 0.00% | −0.00 |
| GE General Electric | Reduce -35.5% | 0.00% | −0.00 |
| HON Honeywell International Inc. | Reduce -4.4% | 0.00% | −0.00 |
| SO The Southern Co. | Reduce -59.1% | 0.00% | −0.00 |
| PM Philip Morris International | Reduce -25.9% | 0.00% | −0.00 |
| TMUS T-Mobile US Inc. | Reduce -21.9% | 0.00% | −0.00 |
| ISRG Intuitive Surgical Inc. | Reduce -15.8% | 0.00% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -19.5% | 0.00% | −0.00 |
| T AT&T Inc. | Reduce -5.7% | 0.00% | −0.00 |
| NJR New Jersey Resources Corp. | Sold out | 0.00% | −0.00 |
| TFC Truist Financial Corp. | Reduce -68.1% | 0.00% | −0.00 |
| VDE Vanguard Energy ETF | Reduce -16.4% | 0.00% | −0.00 |
| BWXT BWX Technologies Inc. | Reduce -72.2% | 0.00% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| VWO Vanguard Ftse Emerging Marke | Add +61872.5% | 4.20% | +4.19 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +76.3% | 7.15% | +2.78 |
| NVDA Nvidia Corp. | Add +94.0% | 0.07% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +185.8% | 0.05% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +8.7% | 0.03% | +0.01 |
| TSLA Tesla Inc. | Add +6.2% | 0.02% | +0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +19.1% | 0.04% | +0.00 |
| BSCS Invesco Bulletshares 2028 CB | New | 0.00% | +0.00 |
| AVGO Broadcom Inc. | Add +5.5% | 0.03% | +0.00 |
| ABBV Abbvie Inc. | Add +10.2% | 0.01% | +0.00 |
| PLTR Palantir Technologies Inc. Class A | Add +24.7% | 0.00% | +0.00 |
| UNH Unitedhealth Group Inc. | Add +43.8% | 0.00% | +0.00 |
| JNJ Johnson & Johnson | Add +19.8% | 0.01% | +0.00 |
| ORCL Oracle Corp. | Add +5.0% | 0.01% | +0.00 |
| AAON Aaon Inc. | New | 0.00% | +0.00 |
| HD Home Depot Inc. | Add +24.7% | 0.01% | +0.00 |
| PRDO Perdoceo Education Corp. | New | 0.00% | +0.00 |
| GOOG Alphabet Inc. Class C | Add +29.0% | 0.00% | +0.00 |
| KBR KBR Inc. | New | 0.00% | +0.00 |
| USFR Wisdomtree Floating Rate Tre | New | 0.00% | +0.00 |
| APP AppLovin Corp. Class A | Add +58.6% | 0.00% | +0.00 |
| CTRE Caretrust REIT Inc. | New | 0.00% | +0.00 |
| RTX RTX Corp. | Add +11.5% | 0.01% | +0.00 |
| APH Amphenol Corp. Class A | Add +3.9% | 0.00% | +0.00 |
| MRK Merck & Co. Inc. | Add +58.2% | 0.00% | +0.00 |
| TMO Thermo Fisher Scientific Inc. | Add +30.3% | 0.00% | +0.00 |
| VXUS Vanguard Total Intl Stock | Add +24.2% | 0.00% | +0.00 |
| ANET Arista Networks Inc. | Add +10.1% | 0.00% | +0.00 |
| FBCG Fidelity Blue Chip Grow ETF | New | 0.00% | +0.00 |
| ORLY O'reilly Automotive Inc. | Add +181.7% | 0.00% | +0.00 |
| USLM United States Lime & Mineral | New | 0.00% | +0.00 |
| VCSH Vanguard S/T Corp. Bond ETF | New | 0.00% | +0.00 |
| CASY Casey's General Stores Inc. | Add +1600.0% | 0.00% | +0.00 |
| CVX Chevron Corp. | Add +12.6% | 0.01% | +0.00 |
| GILD Gilead Sciences Inc. | Add +93.0% | 0.00% | +0.00 |
| WDAY Workday Inc. Class A | Add +288.2% | 0.00% | +0.00 |
| TEL Te Connectivity PLC | Add +18.6% | 0.00% | +0.00 |
| AZZ Azz Inc. | New | 0.00% | +0.00 |
| MO Altria Group Inc. | Add +16.1% | 0.00% | +0.00 |
| AMGN Amgen Inc. | Add +61.2% | 0.00% | +0.00 |
| WRB WR Berkley Corp. | Add +277.4% | 0.00% | +0.00 |
| BR Broadridge Financial Solutio | Add +620.0% | 0.00% | +0.00 |
| CAT Caterpillar Inc. | Add +9.2% | 0.00% | +0.00 |
| DASH DoorDash Inc. Class A | Add +350.0% | 0.00% | +0.00 |
| GWW WW Grainger Inc. | Add +450.0% | 0.00% | +0.00 |
| EFV iShares MSCI Eafe Value ETF | New | 0.00% | +0.00 |
| IETC iShares U.S. Tech Independen | New | 0.00% | +0.00 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | New | 0.00% | +0.00 |
| PANW Palo Alto Networks Inc. | Add +39.7% | 0.00% | +0.00 |
| SXI Standex International Corp. | Add +5.7% | 0.00% | +0.00 |
Notes & Other Activity Q2 2025 → Q3 2025
| STWD Starwood Property Trust Inc. | COM | Reduce -100.0% | 0 | $10 |
| ETJ Eaton Vance RSK-MGD Divers | COM | Sold out | 0 | $1before 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 |