Crescent Grove Advisors, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 30, 2024), Crescent Grove Advisors, LLC reported 274 stock positions worth $980.0 million. Its top holding was Zurn Elkay Water Solutions C (ZWS) at 8.5% of the portfolio, followed by Dun & Bradstreet (DNB, 7.3%) and iShares Core S&P 500 ETF (IVV, 6.4%). Compared with Q2 2024, it opened 19 new positions, sold out of 19, added to 71 and reduced 89. The biggest buy was Dun & Bradstreet (DNB, shares +2%) and the biggest sale iShares 0-1 Year Treasury Bo (SHV, shares −43%).
- Most Recent 13F
- Q2 2026
- Location
- LAKE FOREST, IL
- CIK
- 0001713520
- Portfolio Value
- $980.0M (Q3 2024)
- SEC Filing
- 0000892712-24-000117 ↗ filed Oct 30, 2024
Holdings Value
Holdings 274 stocks · $980.0M
| ZWS Zurn Elkay Water Solutions C | 8.45% | 2,304,715 | $82.8M | No change |
| DNB Dun & Bradstreet Holdings Inc. | 7.25% | 6,176,103 | $71.1M | Add +2.2% |
| IVV iShares Core S&P 500 ETF | 6.44% | 109,460 | $63.1M | Reduce -3.4% |
| VOO Vanguard S&P 500 ETF | 4.38% | 81,132 | $42.9M | Add +2.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.29% | 56,100 | $32.3M | Reduce -6.7% |
| CDW CDW Corp. | 3.21% | 138,948 | $31.4M | Add +0.9% |
| NATL NCR Atleos Corp. | 2.76% | 948,388 | $27.1M | Reduce -5.1% |
| VTI VG Morningstar TS MKT ETF-US | 2.57% | 88,560 | $25.2M | Reduce -3.1% |
| ICE Intercontinental Exchange Inc. | 2.50% | 152,500 | $24.5M | No change |
| FIS Fidelity National Info Serv | 2.34% | 273,433 | $22.9M | Reduce -7.5% |
| IJR iShares Core S&P Small-Cap E | 2.20% | 184,455 | $21.6M | Reduce -3.1% |
| IEMG iShares Core MSCI Emerging | 1.96% | 334,926 | $19.2M | Add +9.7% |
| QQQ Invesco QQQ Trust Series 1 | 1.95% | 39,070 | $19.1M | Add +2.1% |
| AAPL Apple Inc. | 1.91% | 80,358 | $18.7M | Reduce -2.2% |
| FNF Fidelity National Financial | 1.74% | 274,505 | $17.0M | Add +0.1% |
| IJH iShares Core S&P Midcap ETF | 1.72% | 270,770 | $16.9M | Add +0.3% |
| IWF iShares Russell 1000 Growth | 1.67% | 43,650 | $16.4M | Add +5.3% |
| IEFA iShares Core MSCI Eafe ETF | 1.62% | 203,740 | $15.9M | Add +0.1% |
| IUSV iShares Core S&P U.S. Value | 1.51% | 155,162 | $14.8M | Add +1.1% |
| SGOV iShares 0-3 Month Treasury B | 1.49% | 145,153 | $14.6M | Reduce -11.8% |
| ITOT iShares Core S&P Total U.S. | 1.30% | 101,633 | $12.8M | Reduce -5.7% |
| CARY Angel Oak Income ETF | 1.10% | 504,584 | $10.7M | Reduce -5.8% |
| XBI SS SPDR S&P Biotech ETF | 0.98% | 97,218 | $9.6M | Reduce -6.1% |
| VYM Vanguard High DVD Yield ETF | 0.95% | 72,421 | $9.3M | Reduce -0.6% |
| VYX NCR Voyix Corp. | 0.85% | 615,741 | $8.4M | Reduce -21.9% |
| XLF SS Financial Select Sector | 0.85% | 183,979 | $8.3M | Reduce -0.2% |
| XLE SS Energy Select Sector | 0.83% | 93,063 | $8.2M | Add +46.6% |
| IWP iShares Russell Mid-Cap Grow | 0.74% | 61,469 | $7.2M | Reduce -6.1% |
| MSFT Microsoft Corp. | 0.66% | 14,980 | $6.4M | Reduce -5.0% |
| IBB iShares Biotechnology ETF | 0.64% | 42,800 | $6.2M | Reduce -1.7% |
| CNNE Cannae Holdings Inc. | 0.62% | 320,263 | $6.1M | Add +0.4% |
| CARR Carrier Global Corp. | 0.61% | 74,771 | $6.0M | No change |
| VEA Vanguard Ftse Developed ETF | 0.61% | 113,183 | $6.0M | Reduce -17.0% |
| XLG Invesco S&P 500 Top 50 ETF | 0.59% | 122,414 | $5.8M | Reduce -1.3% |
| ET Energy Transfer LP | 0.59% | 361,762 | $5.8M | Add +4.9% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.58% | 124,808 | $5.7M | Reduce -7.4% |
| IWD iShares Russell 1000 Value E | 0.58% | 29,916 | $5.7M | Reduce -0.2% |
| ARLP Alliance Resource Partners | 0.53% | 208,793 | $5.2M | Add +15.5% |
| SHV iShares 0-1 Year Treasury Bo | 0.51% | 45,610 | $5.0M | Reduce -43.0% |
| IWM iShares Russell 2000 ETF | 0.50% | 22,362 | $4.9M | Reduce -1.3% |
| IJS iShares S&P Small-Cap 600 Va | 0.50% | 45,772 | $4.9M | Add +3.7% |
| IWO iShares Russell 2000 Growth | 0.47% | 16,290 | $4.6M | Reduce -6.7% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.47% | 87,122 | $4.6M | Reduce -8.2% |
| NVDA Nvidia Corp. | 0.46% | 37,333 | $4.5M | Add +0.9% |
| EFA iShares MSCI Eafe ETF | 0.46% | 53,738 | $4.5M | Add +0.2% |
| EPD Enterprise Products Partners | 0.45% | 152,988 | $4.5M | Reduce -18.4% |
| QUAL iShares MSCI USA Quality Fac | 0.45% | 24,519 | $4.4M | Reduce -2.3% |
| IXUS iShares Core Intl Stock ETF | 0.41% | 55,917 | $4.1M | Reduce -10.5% |
| AMZN Amazon.com Inc. | 0.40% | 21,151 | $3.9M | Add +5.7% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.38% | 61,710 | $3.8M | Add +4.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.37% | 7,921 | $3.6M | Add +0.9% |
| ARKW ARK Next Generation Technolo | 0.36% | 42,022 | $3.6M | Reduce -5.8% |
| IAU iShares Gold Trust | 0.36% | 70,997 | $3.5M | Add +2.3% |
| VXUS Vanguard Total Intl Stock | 0.31% | 47,103 | $3.0M | Reduce -3.9% |
| MPLX MPLX LP | 0.31% | 68,403 | $3.0M | Add +2.0% |
| PAA Plains All Amer Pipeline LP | 0.31% | 173,944 | $3.0M | Add +1.6% |
| DVYE iShares Emerging Markets Div | 0.31% | 104,229 | $3.0M | Add +11.1% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.30% | 31,692 | $2.9M | Reduce -2.3% |
| SHW The Sherwin-Williams Co. | 0.29% | 7,463 | $2.8M | Reduce -4.7% |
| LNTH Lantheus Holdings Inc. | 0.28% | 25,362 | $2.8M | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.28% | 33,409 | $2.8M | Add +31.1% |
| MAN Manpowergroup Inc. | 0.28% | 36,874 | $2.7M | No change |
| FSK FS KKR Capital Corp. | 0.26% | 126,750 | $2.6M | Add +776.3% |
| PG The Procter & Gamble Co. | 0.26% | 14,606 | $2.5M | Reduce -4.6% |
| VIG Vanguard Dividend Apprec ETF | 0.26% | 12,711 | $2.5M | Add +0.0% |
| SMAR Smartsheet Inc. Class A | 0.25% | 45,086 | $2.5M | No change |
| ARCC Ares Capital Corp. | 0.25% | 114,784 | $2.4M | Add +1.8% |
| TSLA Tesla Inc. | 0.24% | 9,013 | $2.4M | Add +0.0% |
| BXSL Blackstone Secured Lending F | 0.23% | 75,742 | $2.3M | Add +2.5% |
| XLI SS Industrial Select Sector | 0.22% | 15,849 | $2.1M | Reduce -5.3% |
| ARKK ARK Innovation ETF | 0.22% | 44,501 | $2.1M | Reduce -18.4% |
| UYLD Angel Oak Ultrashort Income | 0.21% | 40,304 | $2.1M | Add +70.4% |
| DVY iShares Select Dividend ETF | 0.21% | 15,037 | $2.0M | Reduce -5.2% |
| GNR State Street SPDR S&P Global | 0.21% | 35,199 | $2.0M | Add +195.7% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.21% | 36,794 | $2.0M | Reduce -1.5% |
| BTI British American Tob-SP ADR | 0.20% | 53,584 | $2.0M | Add +2.1% |
| CIBR First Trust Nasdaq Cybersecu | 0.20% | 33,559 | $2.0M | No change |
| XT Ishar Fture Exp Tech ETF-Usd | 0.20% | 32,084 | $2.0M | Reduce -25.9% |
| QQQM Invesco Nasdaq 100 ETF | 0.19% | 9,450 | $1.9M | Reduce -3.2% |
| ASB Associated Banc-Corp. | 0.19% | 88,070 | $1.9M | Reduce -21.3% |
| IBDR iShares Ibonds Dec 2026 Term | 0.19% | 77,193 | $1.9M | Add +13.4% |
| BX Blackstone Inc. | 0.19% | 12,189 | $1.9M | No change |
| JPM JPMorgan Chase & Co. | 0.19% | 8,787 | $1.9M | Reduce -1.0% |
| VWO Vanguard Ftse Emerging Marke | 0.19% | 38,074 | $1.8M | Add +0.1% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.18% | 39,169 | $1.8M | Reduce -0.3% |
| VZ Verizon Communications Inc. | 0.17% | 37,517 | $1.7M | Add +124.1% |
| IDV iShares International Select | 0.17% | 53,735 | $1.6M | Reduce -0.6% |
| JEPI JPMorgan Equity Premium Inco | 0.16% | 26,825 | $1.6M | Add +5.4% |
| XOM Exxon Mobil Corp. | 0.16% | 13,399 | $1.6M | Reduce -14.0% |
| IHAK iShares Cybersecurity & Tech | 0.16% | 32,137 | $1.6M | Add +0.0% |
| IXJ iShares Global Healthcare Et | 0.16% | 15,940 | $1.6M | No change |
| IWV iShares Russell 3000 ETF | 0.16% | 4,748 | $1.6M | No change |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.16% | 12,843 | $1.5M | Add +4.7% |
| XLP SS Consumer Staples Sel Sect | 0.15% | 17,814 | $1.5M | Reduce -0.2% |
| BANC Banc of California Inc. | 0.15% | 98,420 | $1.5M | Add +0.8% |
| SPYI Neos S&P 500 High Income ETF | 0.15% | 28,485 | $1.5M | Add +0.6% |
| GLD SPDR Gold Shares | 0.15% | 5,966 | $1.5M | Add +10.0% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.15% | 26,301 | $1.4M | Add +16.0% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.15% | 11,660 | $1.4M | No change |
| PFF iShares Preferred & Income S | 0.15% | 43,195 | $1.4M | Add +1.4% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $271K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 212 | $270K | No change |
| PSEWF Paysafe Ltd. -CW26 | *W EXP 03/30/202 | 33,333 | $830 | No change |
Total filed on the 13F, all lines: $980.3M.
Portfolio Sells Q2 2024 → Q3 2024
| SHV iShares 0-1 Year Treasury Bo | Reduce -43.0% | 0.51% | −0.45 |
| IVV iShares Core S&P 500 ETF | Reduce -3.4% | 6.44% | −0.35 |
| SGOV iShares 0-3 Month Treasury B | Reduce -11.8% | 1.49% | −0.33 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -6.7% | 3.29% | −0.30 |
| VYX NCR Voyix Corp. | Reduce -21.9% | 0.85% | −0.21 |
| NATL NCR Atleos Corp. | Reduce -5.1% | 2.76% | −0.20 |
| EPD Enterprise Products Partners | Reduce -18.4% | 0.45% | −0.14 |
| VEA Vanguard Ftse Developed ETF | Reduce -17.0% | 0.61% | −0.13 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -3.1% | 2.57% | −0.12 |
| CARY Angel Oak Income ETF | Reduce -5.8% | 1.10% | −0.12 |
| MSFT Microsoft Corp. | Reduce -5.0% | 0.66% | −0.11 |
| GOOGL Alphabet Inc. Class A | Reduce -53.2% | 0.07% | −0.11 |
| FIS Fidelity National Info Serv | Reduce -7.5% | 2.34% | −0.10 |
| ITOT iShares Core S&P Total U.S. | Reduce -5.7% | 1.30% | −0.10 |
| SEVN Seven Hills Realty Trust | Reduce -63.6% | 0.05% | −0.09 |
| JNK SS SPDR BB High Yield Bond | Reduce -71.0% | 0.03% | −0.08 |
| XT Ishar Fture Exp Tech ETF-Usd | Reduce -25.9% | 0.20% | −0.08 |
| AD Array Digital Infrastructure | Sold out | 0.00% | −0.08 |
| XBI SS SPDR S&P Biotech ETF | Reduce -6.1% | 0.98% | −0.07 |
| BP BP PLC-Spons ADR | Sold out | 0.00% | −0.07 |
| ASB Associated Banc-Corp. | Reduce -21.3% | 0.19% | −0.07 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -8.2% | 0.47% | −0.06 |
| IWP iShares Russell Mid-Cap Grow | Reduce -6.1% | 0.74% | −0.06 |
| IXUS iShares Core Intl Stock ETF | Reduce -10.5% | 0.41% | −0.05 |
| ARKK ARK Innovation ETF | Reduce -18.4% | 0.22% | −0.05 |
| KRBN KS Global Carbon Stratgy ETF | Sold out | 0.00% | −0.04 |
| RIO Rio Tinto PLC-Spon ADR | Sold out | 0.00% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -14.0% | 0.16% | −0.04 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −0.04 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.03 |
| CVX Chevron Corp. | Reduce -23.8% | 0.06% | −0.03 |
| LISTED FD TR | Reduce -20.1% | 0.09% | −0.03 |
| IWO iShares Russell 2000 Growth | Reduce -6.7% | 0.47% | −0.03 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -2.3% | 0.30% | −0.03 |
| XLG Invesco S&P 500 Top 50 ETF | Reduce -1.3% | 0.59% | −0.03 |
| EW Edwards Lifesciences Corp. | Sold out | 0.00% | −0.03 |
| DXCM Dexcom Inc. | Sold out | 0.00% | −0.03 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.03 |
| BFC Bank First Corp. | Sold out | 0.00% | −0.03 |
| IGLB iShares 10+ Year Inv GR Corp. | Sold out | 0.00% | −0.03 |
| MRSH Marsh & McLennan Cos | Sold out | 0.00% | −0.03 |
| HDV iShares Core High Dividend E | Sold out | 0.00% | −0.02 |
| INTC Intel Corp. | Sold out | 0.00% | −0.02 |
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −0.02 |
| IJR iShares Core S&P Small-Cap E | Reduce -3.1% | 2.20% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -5.5% | 0.10% | −0.02 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.02 |
| RTX RTX Corp. | Sold out | 0.00% | −0.02 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.02 |
| QUAL iShares MSCI USA Quality Fac | Reduce -2.3% | 0.45% | −0.02 |
Portfolio Buys Q2 2024 → Q3 2024
| DNB Dun & Bradstreet Holdings Inc. | Add +2.2% | 7.25% | +1.12 |
| FNF Fidelity National Financial | Add +0.1% | 1.74% | +0.25 |
| FSK FS KKR Capital Corp. | Add +776.3% | 0.26% | +0.23 |
| XLE SS Energy Select Sector | Add +46.6% | 0.83% | +0.20 |
| IEMG iShares Core MSCI Emerging | Add +9.7% | 1.96% | +0.17 |
| GNR State Street SPDR S&P Global | Add +195.7% | 0.21% | +0.13 |
| VZ Verizon Communications Inc. | Add +124.1% | 0.17% | +0.10 |
| UYLD Angel Oak Ultrashort Income | Add +70.4% | 0.21% | +0.08 |
| SUN Sunoco LP | Add +128.9% | 0.12% | +0.06 |
| SHY iShares 1-3 Year Treasury Bo | Add +31.1% | 0.28% | +0.06 |
| BCD Abrdn Bloomberg All Commodit | New | 0.05% | +0.05 |
| PFLT Pennantpark Floating Rate Ca | New | 0.05% | +0.05 |
| ARLP Alliance Resource Partners | Add +15.5% | 0.53% | +0.05 |
| TSLA Tesla Inc. | Add +0.0% | 0.24% | +0.05 |
| DVN Devon Energy Corp. | New | 0.04% | +0.04 |
| EQT Eqt Corp. | New | 0.04% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.04% | +0.04 |
| IRM Iron Mountain Inc. | Add +4.7% | 0.16% | +0.04 |
| MAS Masco Corp. | Add +57.4% | 0.08% | +0.04 |
| EXAS Exact Sciences Corp. | Add +3.7% | 0.10% | +0.03 |
| AMAT Applied Materials Inc. | New | 0.03% | +0.03 |
| IJS iShares S&P Small-Cap 600 Va | Add +3.7% | 0.50% | +0.03 |
| XLB SS Materials Select Sector | New | 0.03% | +0.03 |
| IUSV iShares Core S&P U.S. Value | Add +1.1% | 1.51% | +0.03 |
| FG F&G Annuities & Life Inc. | Add +21.2% | 0.11% | +0.03 |
| B Barrick Gold Corp. | New | 0.03% | +0.03 |
| IAU iShares Gold Trust | Add +2.3% | 0.36% | +0.03 |
| DVYE iShares Emerging Markets Div | Add +11.1% | 0.31% | +0.03 |
| GSL Global Ship Lease Inc. Class A | New | 0.03% | +0.03 |
| T AT&T Inc. | New | 0.02% | +0.02 |
| SBAC SBA Communications Corp. | New | 0.02% | +0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.9% | 0.37% | +0.02 |
| BTI British American Tob-SP ADR | Add +2.1% | 0.20% | +0.02 |
| GDX Vaneck Gold Miners ETF | New | 0.02% | +0.02 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | New | 0.02% | +0.02 |
| CMI Cummins Inc. | New | 0.02% | +0.02 |
| COIN Coinbase Global Inc. Class A | New | 0.02% | +0.02 |
| RHI Robert Half Inc. | New | 0.02% | +0.02 |
| GS Goldman Sachs Group Inc. | New | 0.02% | +0.02 |
| OEF iShares S&P 100 ETF | New | 0.02% | +0.02 |
| GLD SPDR Gold Shares | Add +10.0% | 0.15% | +0.02 |
| IWF iShares Russell 1000 Growth | Add +5.3% | 1.67% | +0.02 |
| IBDR iShares Ibonds Dec 2026 Term | Add +13.4% | 0.19% | +0.01 |
| BANC Banc of California Inc. | Add +0.8% | 0.15% | +0.01 |
| JEPQ JPM Nasdaq Equity Premium | Add +16.0% | 0.15% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +2.0% | 4.38% | +0.01 |
| PM Philip Morris International | Add +0.0% | 0.06% | +0.01 |
| EOG EOG Resources Inc. | Add +34.5% | 0.03% | +0.01 |
| JEPI JPMorgan Equity Premium Inco | Add +5.4% | 0.16% | +0.00 |
| UL Unilever PLC | Add +0.1% | 0.04% | +0.00 |
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 |