Crescent Grove Advisors, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 29, 2024), Crescent Grove Advisors, LLC reported 298 stock positions worth $958.9 million. Its top holding was Zurn Elkay Water Solutions C (ZWS) at 8.0% of the portfolio, followed by Dun & Bradstreet (DNB, 6.0%) and iShares Core S&P 500 ETF (IVV, 5.9%). Compared with Q4 2023, it opened 24 new positions, sold out of 8, added to 98 and reduced 87. The biggest buy was Zurn Elkay Water Solutions C (ZWS, shares +8%) and the biggest sale SS Industrial Select Sector (XLI, shares −73%).
- Most Recent 13F
- Q2 2026
- Location
- LAKE FOREST, IL
- CIK
- 0001713520
- Portfolio Value
- $958.9M (Q1 2024)
- SEC Filing
- 0000892712-24-000069 ↗ filed Apr 29, 2024
Holdings Value
Holdings 298 stocks · $958.9M
| ZWS Zurn Elkay Water Solutions C | 8.04% | 2,304,715 | $77.1M | Add +8.4% |
| DNB Dun & Bradstreet Holdings Inc. | 5.97% | 5,706,123 | $57.3M | Add +11.0% |
| IVV iShares Core S&P 500 ETF | 5.85% | 106,768 | $56.1M | Add +5.8% |
| FIS Fidelity National Info Serv | 4.77% | 616,214 | $45.7M | Reduce -7.6% |
| VYX NCR Voyix Corp. | 3.91% | 2,972,184 | $37.5M | Add +10.7% |
| CDW CDW Corp. | 3.68% | 138,054 | $35.3M | Add +21.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.37% | 61,648 | $32.3M | Reduce -3.7% |
| VTI VG Morningstar TS MKT ETF-US | 2.55% | 93,897 | $24.4M | Add +1.6% |
| NATL NCR Atleos Corp. | 2.53% | 1,227,544 | $24.2M | Add +0.8% |
| IJR iShares Core S&P Small-Cap E | 2.23% | 193,131 | $21.3M | Add +7.0% |
| ICE Intercontinental Exchange Inc. | 2.19% | 152,500 | $21.0M | No change |
| AAPL Apple Inc. | 1.85% | 103,638 | $17.8M | Reduce -1.7% |
| QQQ Invesco QQQ Trust Series 1 | 1.83% | 39,399 | $17.5M | Reduce -1.8% |
| ITOT iShares Core S&P Total U.S. | 1.66% | 138,252 | $15.9M | Add +0.7% |
| IJH iShares Core S&P Midcap ETF | 1.65% | 259,680 | $15.8M | Reduce -1.5% |
| SGOV iShares 0-3 Month Treasury B | 1.61% | 153,474 | $15.5M | Add +43.8% |
| IEMG iShares Core MSCI Emerging | 1.58% | 293,493 | $15.1M | Add +1.0% |
| IWF iShares Russell 1000 Growth | 1.57% | 44,600 | $15.0M | Reduce -5.3% |
| FNF Fidelity National Financial | 1.52% | 273,792 | $14.5M | Add +0.1% |
| IEFA iShares Core MSCI Eafe ETF | 1.51% | 194,999 | $14.5M | Reduce -0.9% |
| IUSV iShares Core S&P U.S. Value | 1.45% | 153,488 | $13.9M | Add +1.6% |
| XBI SS SPDR S&P Biotech ETF | 1.13% | 113,834 | $10.8M | Reduce -5.7% |
| VYM Vanguard High DVD Yield ETF | 0.97% | 76,587 | $9.3M | Reduce -8.2% |
| MSFT Microsoft Corp. | 0.89% | 20,343 | $8.6M | Add +5.0% |
| CARY Angel Oak Income ETF | 0.86% | 397,537 | $8.2M | Add +22.5% |
| XLF SS Financial Select Sector | 0.82% | 185,632 | $7.8M | Reduce -2.7% |
| IWP iShares Russell Mid-Cap Grow | 0.75% | 62,979 | $7.2M | Reduce -0.1% |
| CNNE Cannae Holdings Inc. | 0.74% | 317,759 | $7.1M | Add +0.9% |
| VEA Vanguard Ftse Developed ETF | 0.73% | 140,285 | $7.0M | Add +0.9% |
| IEF iShares 7-10 Year Treasury B | 0.68% | 69,305 | $6.6M | Reduce -19.7% |
| IBB iShares Biotechnology ETF | 0.68% | 47,710 | $6.5M | Reduce -8.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.59% | 13,548 | $5.7M | Reduce -0.7% |
| XLE SS Energy Select Sector | 0.59% | 59,601 | $5.6M | Add +5.9% |
| IWD iShares Russell 1000 Value E | 0.58% | 30,976 | $5.5M | Reduce -4.1% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.58% | 135,883 | $5.5M | Add +0.8% |
| ET Energy Transfer LP | 0.55% | 338,048 | $5.3M | Add +4.7% |
| XLG Invesco S&P 500 Top 50 ETF | 0.54% | 123,969 | $5.2M | Reduce -4.8% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.51% | 94,911 | $4.9M | Add +10.0% |
| IWM iShares Russell 2000 ETF | 0.50% | 23,019 | $4.8M | Add +12.8% |
| ARKK ARK Innovation ETF | 0.50% | 95,985 | $4.8M | Reduce -10.7% |
| IJS iShares S&P Small-Cap 600 Va | 0.50% | 46,463 | $4.8M | Reduce -1.1% |
| IWO iShares Russell 2000 Growth | 0.49% | 17,458 | $4.7M | Add +0.2% |
| EPD Enterprise Products Partners | 0.47% | 154,984 | $4.5M | Add +35.3% |
| CARR Carrier Global Corp. | 0.45% | 74,771 | $4.3M | New |
| TLT iShares 20+ Year Treasury BD | 0.45% | 45,618 | $4.3M | Reduce -6.0% |
| EFA iShares MSCI Eafe ETF | 0.45% | 53,989 | $4.3M | Reduce -3.9% |
| IXUS iShares Core Intl Stock ETF | 0.45% | 63,009 | $4.3M | Reduce -9.3% |
| QUAL iShares MSCI USA Quality Fac | 0.42% | 24,367 | $4.0M | Add +30.8% |
| ARKW ARK Next Generation Technolo | 0.39% | 44,622 | $3.7M | Reduce -4.4% |
| ARLP Alliance Resource Partners | 0.37% | 175,250 | $3.5M | Add +3.4% |
| AMZN Amazon.com Inc. | 0.36% | 18,897 | $3.4M | Add +0.9% |
| PAA Plains All Amer Pipeline LP | 0.35% | 188,715 | $3.3M | Add +26.0% |
| NVDA Nvidia Corp. | 0.34% | 3,638 | $3.3M | Add +14.4% |
| XT Ishar Fture Exp Tech ETF-Usd | 0.31% | 49,932 | $3.0M | Reduce -13.9% |
| VXUS Vanguard Total Intl Stock | 0.31% | 48,979 | $3.0M | Add +0.3% |
| MAN Manpowergroup Inc. | 0.30% | 36,874 | $2.9M | Add +31.3% |
| IAU iShares Gold Trust | 0.29% | 67,194 | $2.8M | Reduce -16.7% |
| SHY iShares 1-3 Year Treasury Bo | 0.29% | 34,287 | $2.8M | Add +1.8% |
| MPLX MPLX LP | 0.28% | 65,750 | $2.7M | Add +2.2% |
| SHW The Sherwin-Williams Co. | 0.28% | 7,834 | $2.7M | No change |
| PG The Procter & Gamble Co. | 0.27% | 15,828 | $2.6M | Reduce -3.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.27% | 27,780 | $2.6M | Add +18.4% |
| DVYE iShares Emerging Markets Div | 0.26% | 93,848 | $2.5M | Add +0.4% |
| ASB Associated Banc-Corp. | 0.26% | 113,844 | $2.4M | Add +13.6% |
| VIG Vanguard Dividend Apprec ETF | 0.24% | 12,710 | $2.3M | Add +6.9% |
| LLY Eli Lilly & Co. | 0.23% | 2,894 | $2.3M | Reduce -3.3% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.23% | 38,742 | $2.2M | Add +106.3% |
| LNTH Lantheus Holdings Inc. | 0.22% | 34,054 | $2.1M | No change |
| XLI SS Industrial Select Sector | 0.22% | 16,736 | $2.1M | Reduce -72.7% |
| BXSL Blackstone Secured Lending F | 0.22% | 65,686 | $2.1M | Add +2.7% |
| DVY iShares Select Dividend ETF | 0.22% | 16,751 | $2.1M | Add +1.2% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.21% | 38,218 | $2.0M | Reduce -1.0% |
| JPM JPMorgan Chase & Co. | 0.21% | 9,872 | $2.0M | Reduce -1.3% |
| MRK Merck & Co. Inc. | 0.21% | 14,907 | $2.0M | Add +0.0% |
| QQQM Invesco Nasdaq 100 ETF | 0.20% | 10,429 | $1.9M | Add +609.0% |
| TSLA Tesla Inc. | 0.20% | 10,834 | $1.9M | Reduce -1.0% |
| CIBR First Trust Nasdaq Cybersecu | 0.20% | 33,503 | $1.9M | Add +8.0% |
| UNH Unitedhealth Group Inc. | 0.19% | 3,701 | $1.8M | Add +0.0% |
| BKNG Booking Holdings Inc. | 0.18% | 482 | $1.7M | No change |
| SMAR Smartsheet Inc. Class A | 0.18% | 45,086 | $1.7M | No change |
| XOM Exxon Mobil Corp. | 0.18% | 14,595 | $1.7M | Reduce -11.8% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.18% | 39,343 | $1.7M | Add +0.1% |
| IDV iShares International Select | 0.17% | 58,342 | $1.6M | Add +1.6% |
| BX Blackstone Inc. | 0.17% | 12,199 | $1.6M | Reduce -6.8% |
| GRMN Garmin Ltd. | 0.17% | 10,715 | $1.6M | No change |
| GSL Global Ship Lease Inc. Class A | 0.17% | 78,240 | $1.6M | Add +23.2% |
| BANC Banc of California Inc. | 0.15% | 96,994 | $1.5M | No change |
| IXJ iShares Global Healthcare Et | 0.15% | 15,940 | $1.5M | Reduce -0.4% |
| JEPI JPMorgan Equity Premium Inco | 0.15% | 25,632 | $1.5M | Add +1.3% |
| VWO Vanguard Ftse Emerging Marke | 0.15% | 35,094 | $1.5M | Reduce -2.2% |
| IHAK iShares Cybersecurity & Tech | 0.15% | 31,207 | $1.5M | Add +6.3% |
| ABBV Abbvie Inc. | 0.15% | 7,963 | $1.5M | Reduce -2.5% |
| SHV iShares 0-1 Year Treasury Bo | 0.15% | 13,051 | $1.4M | Reduce -23.2% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.15% | 12,104 | $1.4M | No change |
| ETN Eaton Corp. PLC | 0.14% | 4,392 | $1.4M | No change |
| XLP SS Consumer Staples Sel Sect | 0.14% | 17,851 | $1.4M | Reduce -1.5% |
| SCHW Schwab (charles) Corp. | 0.14% | 18,774 | $1.4M | Reduce -4.1% |
| PFF iShares Preferred & Income S | 0.14% | 42,024 | $1.4M | Add +0.6% |
| IBDR iShares Ibonds Dec 2026 Term | 0.14% | 56,382 | $1.3M | No change |
| DTH Wisdomtree International Hig | 0.14% | 33,802 | $1.3M | No change |
Other holdings (2): bonds, preferreds, convertibles and warrants · $258K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 212 | $257K | No change |
| PSEWF Paysafe Ltd. -CW26 | *W EXP 03/30/202 | 33,333 | $1K | No change |
Total filed on the 13F, all lines: $959.1M.
Portfolio Sells Q4 2023 → Q1 2024
| XLI SS Industrial Select Sector | Reduce -72.7% | 0.22% | −0.56 |
| AAPL Apple Inc. | Reduce -1.7% | 1.85% | −0.41 |
| IEF iShares 7-10 Year Treasury B | Reduce -19.7% | 0.68% | −0.24 |
| ARKK ARK Innovation ETF | Reduce -10.7% | 0.50% | −0.13 |
| FSK FS KKR Capital Corp. | Sold out | 0.00% | −0.12 |
| IBB iShares Biotechnology ETF | Reduce -8.7% | 0.68% | −0.11 |
| TSLA Tesla Inc. | Reduce -1.0% | 0.20% | −0.10 |
| TLT iShares 20+ Year Treasury BD | Reduce -6.0% | 0.45% | −0.09 |
| XT Ishar Fture Exp Tech ETF-Usd | Reduce -13.9% | 0.31% | −0.08 |
| XBI SS SPDR S&P Biotech ETF | Reduce -5.7% | 1.13% | −0.08 |
| VYM Vanguard High DVD Yield ETF | Reduce -8.2% | 0.97% | −0.07 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -23.2% | 0.15% | −0.06 |
| IXUS iShares Core Intl Stock ETF | Reduce -9.3% | 0.45% | −0.06 |
| IAU iShares Gold Trust | Reduce -16.7% | 0.29% | −0.06 |
| LISTED FD TR | Reduce -28.9% | 0.12% | −0.06 |
| VLO Valero Energy Corp. | Sold out | 0.00% | −0.05 |
| SUN Sunoco LP | Sold out | 0.00% | −0.05 |
| PSX Phillips 66 | Sold out | 0.00% | −0.05 |
| EOG EOG Resources Inc. | Sold out | 0.00% | −0.05 |
| DOV Dover Corp. | Reduce -47.5% | 0.06% | −0.04 |
| AGG iShares Core U.S. Aggregate | Reduce -26.2% | 0.09% | −0.04 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -1.1% | 0.50% | −0.04 |
| ICSH iShares Ultra Short Duration | Reduce -32.3% | 0.07% | −0.04 |
| XCCC Bondbloxx-CCC-Usd HY Corp. BD | Sold out | 0.00% | −0.04 |
| MO Altria Group Inc. | Sold out | 0.00% | −0.04 |
| IVE iShares S&P 500 Value ETF | Reduce -21.7% | 0.13% | −0.04 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -0.9% | 1.51% | −0.03 |
| INTU Intuit Inc. | Reduce -47.2% | 0.04% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.7% | 3.37% | −0.03 |
| DVN Devon Energy Corp. | Reduce -45.0% | 0.04% | −0.03 |
| BFC Bank First Corp. | Reduce -51.0% | 0.03% | −0.03 |
| CSX CSX Corp. | Sold out | 0.00% | −0.03 |
| PXD Pioneer Natural Resources Co. | Reduce -52.1% | 0.03% | −0.03 |
| JNJ Johnson & Johnson | Reduce -16.8% | 0.09% | −0.02 |
| BX Blackstone Inc. | Reduce -6.8% | 0.17% | −0.02 |
| IWF iShares Russell 1000 Growth | Reduce -5.3% | 1.57% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -3.9% | 0.45% | −0.02 |
| IGM iShares Expanded Tech Sector | Reduce -20.6% | 0.13% | −0.02 |
| SCHD Schwab US DVD Equity ETF | Reduce -38.7% | 0.03% | −0.02 |
| PANW Palo Alto Networks Inc. | Reduce -24.6% | 0.04% | −0.02 |
| IWD iShares Russell 1000 Value E | Reduce -4.1% | 0.58% | −0.02 |
| INTC Intel Corp. | Reduce -6.4% | 0.05% | −0.01 |
| GNR State Street SPDR S&P Global | Reduce -30.9% | 0.02% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Reduce -2.2% | 0.15% | −0.01 |
| MCD McDonald's Corp. | Reduce -13.7% | 0.04% | −0.01 |
| V Visa Inc. Class A | Reduce -26.0% | 0.03% | −0.01 |
| UYLD Angel Oak Ultrashort Income | Reduce -20.0% | 0.03% | −0.01 |
| BMO Bank of Montreal | Reduce -5.2% | 0.08% | −0.01 |
| PEP Pepsico Inc. | Reduce -18.1% | 0.04% | −0.01 |
| TJX TJX Companies Inc. | Reduce -30.4% | 0.02% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| ZWS Zurn Elkay Water Solutions C | Add +8.4% | 8.04% | +1.07 |
| CDW CDW Corp. | Add +21.6% | 3.68% | +0.80 |
| IVV iShares Core S&P 500 ETF | Add +5.8% | 5.85% | +0.48 |
| CARR Carrier Global Corp. | New | 0.45% | +0.45 |
| SGOV iShares 0-3 Month Treasury B | Add +43.8% | 1.61% | +0.42 |
| QQQM Invesco Nasdaq 100 ETF | Add +609.0% | 0.20% | +0.17 |
| NVDA Nvidia Corp. | Add +14.4% | 0.34% | +0.17 |
| EPD Enterprise Products Partners | Add +35.3% | 0.47% | +0.14 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +106.3% | 0.23% | +0.12 |
| QUAL iShares MSCI USA Quality Fac | Add +30.8% | 0.42% | +0.11 |
| CARY Angel Oak Income ETF | Add +22.5% | 0.86% | +0.11 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.6% | 2.55% | +0.10 |
| PAA Plains All Amer Pipeline LP | Add +26.0% | 0.35% | +0.09 |
| MSFT Microsoft Corp. | Add +5.0% | 0.89% | +0.08 |
| MYI BlackRock Muniyield QLTY III | New | 0.07% | +0.07 |
| NAD Nuveen Quality Municipal Inc. | New | 0.07% | +0.07 |
| XLE SS Energy Select Sector | Add +5.9% | 0.59% | +0.06 |
| ET Energy Transfer LP | Add +4.7% | 0.55% | +0.06 |
| ABR Arbor Realty Trust Inc. | New | 0.05% | +0.05 |
| RIO Rio Tinto PLC-Spon ADR | New | 0.05% | +0.05 |
| SEVN Seven Hills Realty Trust | New | 0.05% | +0.05 |
| CNNE Cannae Holdings Inc. | Add +0.9% | 0.74% | +0.05 |
| ITOT iShares Core S&P Total U.S. | Add +0.7% | 1.66% | +0.05 |
| MAN Manpowergroup Inc. | Add +31.3% | 0.30% | +0.05 |
| IJR iShares Core S&P Small-Cap E | Add +7.0% | 2.23% | +0.05 |
| IWM iShares Russell 2000 ETF | Add +12.8% | 0.50% | +0.05 |
| BTI British American Tob-SP ADR | New | 0.05% | +0.05 |
| EQT Eqt Corp. | New | 0.04% | +0.04 |
| AMZN Amazon.com Inc. | Add +0.9% | 0.36% | +0.04 |
| GLP Global Partners LP | New | 0.03% | +0.03 |
| BIP Brookfield Infrastructure Pa | New | 0.03% | +0.03 |
| BP BP PLC-Spons ADR | Add +126.4% | 0.05% | +0.03 |
| LULU Lululemon Athletica Inc. | New | 0.03% | +0.03 |
| GRPM Invesco S&P Midcap 400 Garp | New | 0.03% | +0.03 |
| AXP American Express Co. | New | 0.03% | +0.03 |
| XLV SS Health Care Select Sector | New | 0.03% | +0.03 |
| MRSH Marsh & McLennan Cos | New | 0.03% | +0.03 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +18.4% | 0.27% | +0.03 |
| IUSV iShares Core S&P U.S. Value | Add +1.6% | 1.45% | +0.03 |
| BLK BlackRock Finance Inc. | New | 0.03% | +0.03 |
| GSL Global Ship Lease Inc. Class A | Add +23.2% | 0.17% | +0.03 |
| HDV iShares Core High Dividend E | New | 0.02% | +0.02 |
| META Meta Platforms Inc. Class A | Add +37.5% | 0.06% | +0.02 |
| AES AES Corp. | New | 0.02% | +0.02 |
| MRK Merck & Co. Inc. | Add +0.0% | 0.21% | +0.02 |
| NXPI NXP Semiconductors NV | Add +70.3% | 0.05% | +0.02 |
| GS Goldman Sachs Group Inc. | New | 0.02% | +0.02 |
| EW Edwards Lifesciences Corp. | New | 0.02% | +0.02 |
| MPLX MPLX LP | Add +2.2% | 0.28% | +0.02 |
| LOW Lowe's Cos Inc. | New | 0.02% | +0.02 |
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 |