Crescent Grove Advisors, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 10, 2026), Crescent Grove Advisors, LLC reported 296 stock positions worth $1.2 billion. Its top holding was Zurn Elkay Water Solutions C (ZWS) at 10.1% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 6.3%) and Vanguard S&P 500 ETF (VOO, 5.1%). Compared with Q1 2026, it opened 24 new positions, sold out of 27, added to 105 and reduced 90. The biggest buy was Zurn Elkay Water Solutions C (ZWS, shares +76%) and the biggest sale iShares 7-10 Year Treasury B (IEF, shares −25%).
- Most Recent 13F
- Q2 2026
- Location
- LAKE FOREST, IL
- CIK
- 0001713520
- Portfolio Value
- $1.2B (Q2 2026)
- SEC Filing
- 0000892712-26-000332 ↗ filed Aug 10, 2026
Holdings Value
Holdings 296 stocks · $1.2B
| ZWS Zurn Elkay Water Solutions C | 10.05% | 2,349,563 | $118.7M | Add +76.0% |
| IVV iShares Core S&P 500 ETF | 6.28% | 99,058 | $74.2M | Add +1.3% |
| VOO Vanguard S&P 500 ETF | 5.12% | 87,946 | $60.4M | Add +5.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.04% | 48,022 | $36.0M | Reduce -1.4% |
| VTI VG Morningstar TS MKT ETF-US | 2.75% | 87,864 | $32.5M | Add +0.2% |
| IEMG iShares Core MSCI Emerging | 2.68% | 382,246 | $31.7M | Add +4.1% |
| QQQ Invesco QQQ Trust Series 1 | 2.26% | 36,276 | $26.7M | Reduce -2.3% |
| IJR iShares Core S&P Small-Cap E | 2.11% | 168,109 | $24.9M | Reduce -1.4% |
| CDW CDW Corp. | 2.10% | 176,298 | $24.8M | Add +2.5% |
| IJH iShares Core S&P Midcap ETF | 2.02% | 309,593 | $23.9M | Add +1.2% |
| MAN Manpowergroup Inc. | 1.96% | 684,963 | $23.1M | Add +942.9% |
| AAPL Apple Inc. | 1.80% | 73,594 | $21.3M | Reduce -0.4% |
| IEFA iShares Core MSCI Eafe ETF | 1.76% | 214,655 | $20.7M | Add +2.8% |
| IWF iShares Russell 1000 Growth | 1.71% | 162,305 | $20.2M | Reduce -0.9% |
| IUSV iShares Core S&P U.S. Value | 1.54% | 164,622 | $18.1M | Add +1.3% |
| IEF iShares 7-10 Year Treasury B | 1.53% | 190,711 | $18.0M | Reduce -25.4% |
| FNF Fidelity National Financial | 1.48% | 370,001 | $17.4M | Add +0.1% |
| ICE Intercontinental Exchange Inc. | 1.33% | 127,363 | $15.7M | No change |
| NATL NCR Atleos Corp. | 1.25% | 338,916 | $14.7M | Reduce -15.6% |
| SGOV iShares 0-3 Month Treasury B | 1.19% | 139,719 | $14.1M | Reduce -22.4% |
| ITOT iShares Core S&P Total U.S. | 1.11% | 80,078 | $13.2M | Reduce -0.9% |
| VYM Vanguard High DVD Yield ETF | 1.10% | 81,898 | $12.9M | Add +1.7% |
| UYLD Angel Oak Ultrashort Income | 1.01% | 233,432 | $12.0M | Reduce -4.3% |
| ASCE Allspring Smid Core ETF | 1.00% | 335,588 | $11.8M | Add +126.7% |
| CARY Angel Oak Income ETF | 0.99% | 561,797 | $11.7M | Add +3.4% |
| XLE SS Energy Select Sector | 0.91% | 201,640 | $10.7M | Reduce -0.1% |
| XLF SS Financial Select Sector | 0.87% | 191,158 | $10.2M | Reduce -0.4% |
| XBI SS SPDR S&P Biotech ETF | 0.85% | 63,436 | $10.0M | Reduce -1.3% |
| FIS Fidelity National Info Serv | 0.82% | 248,118 | $9.6M | Reduce -2.3% |
| HEFA Isha Curr Hedged MSCI Eafe | 0.79% | 198,854 | $9.3M | Reduce -8.9% |
| SHV iShares 0-1 Year Treasury Bo | 0.77% | 82,401 | $9.1M | Reduce -1.2% |
| IWP iShares Russell Mid-Cap Grow | 0.75% | 60,813 | $8.9M | Reduce -0.8% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.69% | 79,418 | $8.1M | Add +10.2% |
| CARR Carrier Global Corp. | 0.65% | 104,675 | $7.7M | Add +0.0% |
| VEA Vanguard Ftse Developed ETF | 0.64% | 106,037 | $7.6M | Add +0.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.63% | 81,680 | $7.5M | Reduce -29.6% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.62% | 154,026 | $7.3M | Add +6.3% |
| IAU iShares Gold Trust | 0.62% | 96,466 | $7.3M | Reduce -3.0% |
| IWD iShares Russell 1000 Value E | 0.61% | 29,869 | $7.2M | Add +7.1% |
| IJS iShares S&P Small-Cap 600 Va | 0.61% | 52,809 | $7.2M | Reduce -1.4% |
| XLG Invesco S&P 500 Top 50 ETF | 0.61% | 117,638 | $7.2M | No change |
| IXUS iShares Core Intl Stock ETF | 0.58% | 72,209 | $6.9M | Add +16.1% |
| NVDA Nvidia Corp. | 0.57% | 33,831 | $6.8M | Add +2.3% |
| IWM iShares Russell 2000 ETF | 0.57% | 22,227 | $6.7M | Reduce -0.6% |
| XLI SS Industrial Select Sector | 0.54% | 34,723 | $6.4M | Reduce -0.5% |
| SHY iShares 1-3 Year Treasury Bo | 0.51% | 73,325 | $6.0M | Add +50.2% |
| FISV Fiserv Inc. | 0.48% | 115,905 | $5.7M | Add +40.9% |
| VYX NCR Voyix Corp. | 0.47% | 685,504 | $5.6M | Reduce -5.7% |
| EFA iShares MSCI Eafe ETF | 0.47% | 53,092 | $5.5M | Reduce -0.0% |
| IBB iShares Biotechnology ETF | 0.46% | 28,620 | $5.4M | Add +0.8% |
| VXUS Vanguard Total Intl Stock | 0.46% | 63,203 | $5.4M | Add +6.0% |
| BTAL Agf US Market Neutral Anti-B | 0.45% | 473,811 | $5.3M | No change |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.44% | 98,866 | $5.2M | Reduce -0.6% |
| MSFT Microsoft Corp. | 0.43% | 13,769 | $5.1M | Add +9.4% |
| DVYE iShares Emerging Markets Div | 0.43% | 158,296 | $5.1M | Add +4.7% |
| ARKW ARK Next Generation Technolo | 0.43% | 34,738 | $5.0M | Add +2.5% |
| IWO iShares Russell 2000 Growth | 0.42% | 12,648 | $5.0M | Reduce -2.4% |
| AMZN Amazon.com Inc. | 0.42% | 20,644 | $4.9M | Add +2.8% |
| AMD Advanced Micro Devices | 0.39% | 7,994 | $4.6M | Reduce -1.4% |
| GNR State Street SPDR S&P Global | 0.38% | 66,619 | $4.5M | Add +6.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.37% | 8,809 | $4.4M | Add +2.8% |
| MU Micron Technology Inc. | 0.37% | 3,763 | $4.3M | Reduce -6.4% |
| IDV iShares International Select | 0.35% | 100,992 | $4.2M | Add +2.2% |
| SIL Global X Silver Miners ETF | 0.35% | 53,550 | $4.1M | Add +81.4% |
| ASB Associated Banc-Corp. | 0.34% | 132,033 | $4.1M | Reduce -18.7% |
| AEM Agnico Eagle Mines Ltd. | 0.34% | 26,028 | $4.0M | Add +40.6% |
| WPM Wheaton Precious Metals Corp. | 0.34% | 35,831 | $4.0M | Add +75.7% |
| TSLA Tesla Inc. | 0.32% | 8,849 | $3.7M | Reduce -0.3% |
| PAAS Pan American Silver Corp. | 0.32% | 83,060 | $3.7M | Add +11.4% |
| QUAL iShares MSCI USA Quality Fac | 0.30% | 16,292 | $3.6M | Add +2.1% |
| NEM Newmont Corp. | 0.30% | 38,049 | $3.6M | Add +10.4% |
| GLD SPDR Gold Shares | 0.29% | 9,439 | $3.5M | Reduce -39.5% |
| CFR Cullen/Frost Bankers Inc. | 0.29% | 22,468 | $3.5M | Reduce -10.0% |
| FNV Franco-Nevada Corp. | 0.29% | 16,355 | $3.4M | Add +45.6% |
| DVY iShares Select Dividend ETF | 0.27% | 20,085 | $3.1M | Add +1.0% |
| RSP Invesco S&P 500 Equal Weight | 0.25% | 14,105 | $3.0M | Add +6.3% |
| SUN Sunoco LP | 0.24% | 41,884 | $2.8M | Add +55.9% |
| CNNE Cannae Holdings Inc. | 0.24% | 195,819 | $2.8M | No change |
| GSL Global Ship Lease Inc. Class A | 0.24% | 73,994 | $2.8M | Add +92.3% |
| IWR iShares Russell Mid-Cap ETF | 0.23% | 25,006 | $2.8M | Add +3.1% |
| B Barrick Mining Corp. | 0.23% | 74,187 | $2.7M | New |
| ARLP Alliance Resource Partners | 0.23% | 111,178 | $2.7M | Add +55.1% |
| ET Energy Transfer LP | 0.22% | 136,877 | $2.6M | Reduce -36.7% |
| MPLX MPLX LP | 0.22% | 45,394 | $2.6M | Add +22.0% |
| SLV iShares Silver Trust | 0.21% | 47,427 | $2.5M | Add +116.8% |
| CIBR First Trust Nasdaq Cybersecu | 0.21% | 28,050 | $2.5M | Reduce -0.1% |
| SHW The Sherwin-Williams Co. | 0.21% | 7,198 | $2.5M | No change |
| GOOG Alphabet Inc. Class C | 0.21% | 6,977 | $2.5M | Add +24.7% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.20% | 35,678 | $2.4M | Add +2.9% |
| ARKK ARK Innovation ETF | 0.20% | 29,648 | $2.4M | Reduce -6.8% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.20% | 38,650 | $2.4M | Reduce -13.0% |
| QQQM Invesco Nasdaq 100 ETF | 0.20% | 7,795 | $2.4M | Add +0.0% |
| RIO Rio Tinto PLC-Spon ADR | 0.20% | 24,401 | $2.3M | Add +2.2% |
| VWO Vanguard Ftse Emerging Marke | 0.19% | 37,721 | $2.3M | Add +0.4% |
| VIG Vanguard Dividend Apprec ETF | 0.19% | 9,491 | $2.2M | Add +8.9% |
| COPX Global X Copper Miners ETF | 0.19% | 29,038 | $2.2M | Add +121.2% |
| GOOGL Alphabet Inc. Class A | 0.18% | 5,916 | $2.1M | Add +1.8% |
| BANC Banc of California Inc. | 0.18% | 102,275 | $2.1M | No change |
| SPSM SS SPDR P S&P 600 Small Cap | 0.18% | 36,402 | $2.1M | Add +0.9% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.18% | 16,389 | $2.1M | Add +2.1% |
Options reported separately and not counted above: SPY puts ($16.5M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $266K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 212 | $266K | No change |
Total filed on the 13F, all lines: $1.2B.
Portfolio Sells Q1 2026 → Q2 2026
| IEF iShares 7-10 Year Treasury B | Reduce -25.4% | 1.53% | −0.89 |
| SGOV iShares 0-3 Month Treasury B | Reduce -22.4% | 1.19% | −0.61 |
| NATL NCR Atleos Corp. | Reduce -15.6% | 1.25% | −0.49 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -29.6% | 0.63% | −0.42 |
| GLD SPDR Gold Shares | Reduce -39.5% | 0.29% | −0.37 |
| FIS Fidelity National Info Serv | Reduce -2.3% | 0.82% | −0.36 |
| JEPI JPMorgan Equity Premium Inco | Reduce -87.8% | 0.04% | −0.33 |
| XLE SS Energy Select Sector | Reduce -0.1% | 0.91% | −0.32 |
| IAU iShares Gold Trust | Reduce -3.0% | 0.62% | −0.25 |
| UYLD Angel Oak Ultrashort Income | Reduce -4.3% | 1.01% | −0.23 |
| ET Energy Transfer LP | Reduce -36.7% | 0.22% | −0.19 |
| GFI Gold Fields Ltd.-Spons ADR | Sold out | 0.00% | −0.18 |
| OUNZ Vaneck Merk Gold ETF | Sold out | 0.00% | −0.16 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -1.2% | 0.77% | −0.14 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -8.9% | 0.79% | −0.13 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.4% | 3.04% | −0.10 |
| IAG Iamgold Corp. | Sold out | 0.00% | −0.10 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.10 |
| JPM JPMorgan Chase & Co. | Reduce -45.8% | 0.10% | −0.10 |
| KGC Kinross Gold Corp. | Sold out | 0.00% | −0.09 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -0.6% | 0.44% | −0.08 |
| ASB Associated Banc-Corp. | Reduce -18.7% | 0.34% | −0.07 |
| XLF SS Financial Select Sector | Reduce -0.4% | 0.87% | −0.07 |
| GDX Vaneck Gold Miners ETF | Reduce -1.1% | 0.16% | −0.07 |
| XOM Exxon Mobil Corp. | Reduce -6.8% | 0.12% | −0.07 |
| EPD Enterprise Products Partners | Reduce -11.3% | 0.17% | −0.06 |
| PAA Plains All Amer Pipeline LP | Reduce -56.4% | 0.03% | −0.06 |
| AU Anglogold Ashanti PLC | Sold out | 0.00% | −0.06 |
| AA Alcoa Corp. | Sold out | 0.00% | −0.06 |
| AAPL Apple Inc. | Reduce -0.4% | 1.80% | −0.05 |
| CDE Coeur Mining Inc. | Sold out | 0.00% | −0.05 |
| FCX Freeport-McMoran Inc. | Reduce -51.6% | 0.04% | −0.05 |
| CFR Cullen/Frost Bankers Inc. | Reduce -10.0% | 0.29% | −0.05 |
| EFA iShares MSCI Eafe ETF | Reduce -0.0% | 0.47% | −0.04 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -13.0% | 0.20% | −0.04 |
| TGT Target Corp. | Sold out | 0.00% | −0.04 |
| CSTM Constellium SE | Sold out | 0.00% | −0.04 |
| ILTB iShares Core 10+ Year Usd Bo | Sold out | 0.00% | −0.03 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.03 |
| AUGO Aura Minerals Inc. | Sold out | 0.00% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -2.4% | 0.15% | −0.03 |
| ITOT iShares Core S&P Total U.S. | Reduce -0.9% | 1.11% | −0.03 |
| IP International Paper Co. | Sold out | 0.00% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -4.5% | 0.08% | −0.03 |
| USO United States Oil Fund LP | Sold out | 0.00% | −0.03 |
| IWP iShares Russell Mid-Cap Grow | Reduce -0.8% | 0.75% | −0.02 |
| IWF iShares Russell 1000 Growth | Reduce -0.9% | 1.71% | −0.02 |
| BX Blackstone Inc. | Reduce -6.8% | 0.11% | −0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.02 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q1 2026 → Q2 2026
| ZWS Zurn Elkay Water Solutions C | Add +76.0% | 10.05% | +4.12 |
| MAN Manpowergroup Inc. | Add +942.9% | 1.96% | +1.77 |
| ASCE Allspring Smid Core ETF | Add +126.7% | 1.00% | +0.59 |
| B Barrick Mining Corp. | New | 0.23% | +0.23 |
| VOO Vanguard S&P 500 ETF | Add +5.2% | 5.12% | +0.16 |
| IEMG iShares Core MSCI Emerging | Add +4.1% | 2.68% | +0.14 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +10.2% | 0.69% | +0.13 |
| IGIB iShares 5-10Y Inv Grade Corp. | New | 0.12% | +0.12 |
| SHY iShares 1-3 Year Treasury Bo | Add +50.2% | 0.51% | +0.11 |
| GSL Global Ship Lease Inc. Class A | Add +92.3% | 0.24% | +0.09 |
| COPX Global X Copper Miners ETF | Add +121.2% | 0.19% | +0.09 |
| SIL Global X Silver Miners ETF | Add +81.4% | 0.35% | +0.09 |
| TECL Dire Dai Tec Bull 3X ETF-Usd | Add +0.8% | 0.15% | +0.09 |
| TLT iShares 20+ Year Treasury BD | New | 0.08% | +0.08 |
| WPM Wheaton Precious Metals Corp. | Add +75.7% | 0.34% | +0.08 |
| SLV iShares Silver Trust | Add +116.8% | 0.21% | +0.07 |
| SUN Sunoco LP | Add +55.9% | 0.24% | +0.07 |
| CARR Carrier Global Corp. | Add +0.0% | 0.65% | +0.07 |
| INTC Intel Corp. | Add +6.3% | 0.08% | +0.05 |
| GOOG Alphabet Inc. Class C | Add +24.7% | 0.21% | +0.05 |
| IXUS iShares Core Intl Stock ETF | Add +16.1% | 0.58% | +0.05 |
| URI United Rentals Inc. | New | 0.05% | +0.05 |
| CDW CDW Corp. | Add +2.5% | 2.10% | +0.04 |
| VLO Valero Energy Corp. | New | 0.04% | +0.04 |
| NCLO Nuveen Aa-BBB Clo ETF | New | 0.03% | +0.03 |
| MRVL Marvell Technology Inc. | New | 0.03% | +0.03 |
| SNDK Sandisk Corp. | New | 0.03% | +0.03 |
| NOW ServiceNow Inc. | New | 0.03% | +0.03 |
| MPC Marathon Petroleum Corp. | New | 0.03% | +0.03 |
| ARLP Alliance Resource Partners | Add +55.1% | 0.23% | +0.03 |
| FISV Fiserv Inc. | Add +40.9% | 0.48% | +0.03 |
| EUSA iShares MSCI USA Equal Weigh | Add +23.7% | 0.15% | +0.02 |
| IWD iShares Russell 1000 Value E | Add +7.1% | 0.61% | +0.02 |
| ARKW ARK Next Generation Technolo | Add +2.5% | 0.43% | +0.02 |
| CMI Cummins Inc. | New | 0.02% | +0.02 |
| ALL Allstate Corp. | New | 0.02% | +0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.02% | +0.02 |
| AEE Ameren Corporation | New | 0.02% | +0.02 |
| EMR Emerson Electric Co. | New | 0.02% | +0.02 |
| VMC Vulcan Materials Co. | New | 0.02% | +0.02 |
| IYG iShares U.S. Financial Servi | New | 0.02% | +0.02 |
| GENI Genius Sports Ltd. | Add +34.4% | 0.05% | +0.02 |
| EW Edwards Lifesciences Corp. | New | 0.02% | +0.02 |
| ARTY iShares Future AI & Tech ETF | New | 0.02% | +0.02 |
| NTRS Northern Trust Corp. | Add +6.5% | 0.15% | +0.02 |
| MO Altria Group Inc. | New | 0.02% | +0.02 |
| GLW Corning Inc. | New | 0.02% | +0.02 |
| RY Royal Bank of Canada | New | 0.02% | +0.02 |
| HACK Amplify Cybersecurity ETF | Add +0.9% | 0.10% | +0.02 |
| QQQM Invesco Nasdaq 100 ETF | Add +0.0% | 0.20% | +0.02 |
Options Activity Q1 2026 → Q2 2026
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -4.6% | 26,700 | $16.5M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Sold out | 18,000 | $13.3Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 296 | $1.2B | ZWS, IVV, VOO, SPY, VTI |
| Q1 2026 | 299 | $1.0B | IVV, ZWS, VOO, SPY, VTI |
| Q4 2025 | 294 | $1.1B | ZWS, IVV, VOO, SPY, VTI |
| Q3 2025 | 289 | $1.0B | ZWS, IVV, VOO, SPY, VTI |
| Q2 2025 | 285 | $1.0B | ZWS, IVV, DNB, VOO, SPY |
| Q1 2025 | 261 | $959.5M | ZWS, DNB, IVV, VOO, SPY |
| Q4 2024 | 275 | $1.0B | ZWS, DNB, IVV, VOO, SPY |
| Q3 2024 | 274 | $980.0M | ZWS, DNB, IVV, VOO, SPY |
| Q2 2024 | 274 | $912.5M | ZWS, IVV, DNB, VOO, SPY |
| Q1 2024 | 298 | $958.9M | ZWS, DNB, IVV, FIS, VYX |