Crescent Grove Advisors, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 21, 2025), Crescent Grove Advisors, LLC reported 275 stock positions worth $1.0 billion. Its top holding was Zurn Elkay Water Solutions C (ZWS) at 9.0% of the portfolio, followed by Dun & Bradstreet (DNB, 7.6%) and iShares Core S&P 500 ETF (IVV, 6.2%). Compared with Q3 2024, it opened 21 new positions, sold out of 20, added to 101 and reduced 68. The biggest buy was a new position in Alerian MLP ETF (AMLP) and the biggest sale NCR Atleos (NATL, shares −65%).
- Most Recent 13F
- Q2 2026
- Location
- LAKE FOREST, IL
- CIK
- 0001713520
- Portfolio Value
- $1.0B (Q4 2024)
- SEC Filing
- 0000892712-25-000010 ↗ filed Jan 21, 2025
Holdings Value
Holdings 275 stocks · $1.0B
| ZWS Zurn Elkay Water Solutions C | 9.01% | 2,435,447 | $90.8M | Add +5.7% |
| DNB Dun & Bradstreet Holdings Inc. | 7.63% | 6,179,504 | $77.0M | Add +0.1% |
| IVV iShares Core S&P 500 ETF | 6.23% | 106,722 | $62.8M | Reduce -2.5% |
| VOO Vanguard S&P 500 ETF | 4.38% | 81,964 | $44.2M | Add +1.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.28% | 56,255 | $33.1M | Add +0.3% |
| VTI VG Morningstar TS MKT ETF-US | 2.54% | 88,566 | $25.7M | Add +0.0% |
| CDW CDW Corp. | 2.39% | 138,547 | $24.1M | Reduce -0.3% |
| ICE Intercontinental Exchange Inc. | 2.25% | 152,500 | $22.7M | No change |
| FIS Fidelity National Info Serv | 2.16% | 269,265 | $21.7M | Reduce -1.5% |
| QQQ Invesco QQQ Trust Series 1 | 2.15% | 42,458 | $21.7M | Add +8.7% |
| IJR iShares Core S&P Small-Cap E | 2.13% | 186,517 | $21.5M | Add +1.1% |
| AAPL Apple Inc. | 2.00% | 80,667 | $20.2M | Add +0.4% |
| IEMG iShares Core MSCI Emerging | 1.88% | 363,168 | $19.0M | Add +8.4% |
| IJH iShares Core S&P Midcap ETF | 1.78% | 288,068 | $17.9M | Add +6.4% |
| IWF iShares Russell 1000 Growth | 1.74% | 43,731 | $17.6M | Add +0.2% |
| FNF Fidelity National Financial | 1.69% | 304,018 | $17.1M | Add +10.8% |
| IUSV iShares Core S&P U.S. Value | 1.45% | 158,432 | $14.7M | Add +2.1% |
| SGOV iShares 0-3 Month Treasury B | 1.42% | 142,774 | $14.3M | Reduce -1.6% |
| IEFA iShares Core MSCI Eafe ETF | 1.42% | 203,691 | $14.3M | Reduce -0.0% |
| UYLD Angel Oak Ultrashort Income | 1.32% | 259,067 | $13.3M | Add +542.8% |
| ITOT iShares Core S&P Total U.S. | 1.29% | 101,313 | $13.0M | Reduce -0.3% |
| AMLP Alerian MLP ETF | 1.28% | 267,199 | $12.9M | New |
| CARY Angel Oak Income ETF | 1.12% | 541,504 | $11.3M | Add +7.3% |
| NATL NCR Atleos Corp. | 1.11% | 329,033 | $11.2M | Reduce -65.3% |
| VYM Vanguard High DVD Yield ETF | 0.91% | 71,912 | $9.2M | Reduce -0.7% |
| XLE SS Energy Select Sector | 0.90% | 105,638 | $9.0M | Add +13.5% |
| SHV iShares 0-1 Year Treasury Bo | 0.90% | 82,123 | $9.0M | Add +80.0% |
| XLF SS Financial Select Sector | 0.89% | 185,429 | $9.0M | Add +0.8% |
| XBI SS SPDR S&P Biotech ETF | 0.82% | 91,645 | $8.3M | Reduce -5.7% |
| VYX NCR Voyix Corp. | 0.80% | 585,675 | $8.1M | Reduce -4.9% |
| IWP iShares Russell Mid-Cap Grow | 0.77% | 61,470 | $7.8M | Add +0.0% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.76% | 135,664 | $7.7M | Add +415.8% |
| JEPI JPMorgan Equity Premium Inco | 0.75% | 131,108 | $7.6M | Add +388.8% |
| ET Energy Transfer LP | 0.71% | 368,041 | $7.2M | Add +1.7% |
| CNNE Cannae Holdings Inc. | 0.64% | 324,220 | $6.4M | Add +1.2% |
| SPYI Neos S&P 500 High Income ETF | 0.63% | 125,059 | $6.4M | Add +339.0% |
| XLG Invesco S&P 500 Top 50 ETF | 0.60% | 120,740 | $6.0M | Reduce -1.4% |
| MSFT Microsoft Corp. | 0.59% | 14,225 | $6.0M | Reduce -5.0% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.55% | 128,468 | $5.6M | Add +2.9% |
| IWD iShares Russell 1000 Value E | 0.55% | 29,775 | $5.5M | Reduce -0.5% |
| NVDA Nvidia Corp. | 0.51% | 38,346 | $5.1M | Add +2.7% |
| VEA Vanguard Ftse Developed ETF | 0.51% | 107,098 | $5.1M | Reduce -5.4% |
| CARR Carrier Global Corp. | 0.51% | 74,771 | $5.1M | No change |
| IJS iShares S&P Small-Cap 600 Va | 0.49% | 45,919 | $5.0M | Add +0.3% |
| IWM iShares Russell 2000 ETF | 0.49% | 22,458 | $5.0M | Add +0.4% |
| EPD Enterprise Products Partners | 0.48% | 155,221 | $4.9M | Add +1.5% |
| AMZN Amazon.com Inc. | 0.46% | 21,107 | $4.6M | Reduce -0.2% |
| IBB iShares Biotechnology ETF | 0.45% | 34,346 | $4.5M | Reduce -19.8% |
| IWO iShares Russell 2000 Growth | 0.44% | 15,329 | $4.4M | Reduce -5.9% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.44% | 85,191 | $4.4M | Reduce -2.2% |
| QUAL iShares MSCI USA Quality Fac | 0.43% | 24,524 | $4.4M | Add +0.0% |
| ARKW ARK Next Generation Technolo | 0.42% | 39,442 | $4.3M | Reduce -6.1% |
| EFA iShares MSCI Eafe ETF | 0.40% | 53,738 | $4.1M | No change |
| IAU iShares Gold Trust | 0.38% | 77,959 | $3.9M | Add +9.8% |
| SHY iShares 1-3 Year Treasury Bo | 0.38% | 46,454 | $3.8M | Add +39.0% |
| IXUS iShares Core Intl Stock ETF | 0.38% | 57,332 | $3.8M | Add +2.5% |
| TSLA Tesla Inc. | 0.37% | 9,213 | $3.7M | Add +2.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.37% | 8,162 | $3.7M | Add +3.0% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.34% | 62,045 | $3.4M | Add +0.5% |
| ARLP Alliance Resource Partners | 0.32% | 122,869 | $3.2M | Reduce -41.1% |
| DVYE iShares Emerging Markets Div | 0.30% | 117,971 | $3.0M | Add +13.2% |
| MPLX MPLX LP | 0.30% | 63,601 | $3.0M | Reduce -7.0% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.28% | 31,178 | $2.9M | Reduce -1.6% |
| VXUS Vanguard Total Intl Stock | 0.28% | 47,698 | $2.8M | Add +1.3% |
| PAA Plains All Amer Pipeline LP | 0.27% | 160,144 | $2.7M | Reduce -7.9% |
| JPM JPMorgan Chase & Co. | 0.25% | 10,578 | $2.5M | Add +20.4% |
| VIG Vanguard Dividend Apprec ETF | 0.25% | 12,799 | $2.5M | Add +0.7% |
| SHW The Sherwin-Williams Co. | 0.25% | 7,276 | $2.5M | Reduce -2.5% |
| ASB Associated Banc-Corp. | 0.24% | 101,591 | $2.4M | Add +15.3% |
| ARKK ARK Innovation ETF | 0.24% | 42,173 | $2.4M | Reduce -5.2% |
| PG The Procter & Gamble Co. | 0.23% | 13,937 | $2.3M | Reduce -4.6% |
| XLI SS Industrial Select Sector | 0.23% | 17,325 | $2.3M | Add +9.3% |
| LNTH Lantheus Holdings Inc. | 0.23% | 25,362 | $2.3M | No change |
| MAN Manpowergroup Inc. | 0.21% | 36,874 | $2.1M | No change |
| BX Blackstone Inc. | 0.21% | 12,189 | $2.1M | No change |
| GNR State Street SPDR S&P Global | 0.21% | 41,984 | $2.1M | Add +19.3% |
| CIBR First Trust Nasdaq Cybersecu | 0.20% | 32,485 | $2.1M | Reduce -3.2% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.20% | 36,795 | $2.0M | Add +0.0% |
| DVY iShares Select Dividend ETF | 0.20% | 15,224 | $2.0M | Add +1.2% |
| IBDR iShares Ibonds Dec 2026 Term | 0.18% | 77,193 | $1.9M | No change |
| QQQM Invesco Nasdaq 100 ETF | 0.18% | 8,751 | $1.8M | Reduce -7.4% |
| VZ Verizon Communications Inc. | 0.18% | 45,983 | $1.8M | Add +22.6% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.17% | 39,175 | $1.8M | Add +0.0% |
| XOM Exxon Mobil Corp. | 0.17% | 15,634 | $1.7M | Add +16.7% |
| IWR iShares Russell Mid-Cap ETF | 0.17% | 18,828 | $1.7M | Add +27.0% |
| EEM iShares MSCI Emerging Market | 0.16% | 39,206 | $1.6M | Add +54.5% |
| VWO Vanguard Ftse Emerging Marke | 0.16% | 36,542 | $1.6M | Reduce -4.0% |
| IWV iShares Russell 3000 ETF | 0.16% | 4,748 | $1.6M | No change |
| IHAK iShares Cybersecurity & Tech | 0.16% | 32,138 | $1.6M | Add +0.0% |
| BANC Banc of California Inc. | 0.15% | 99,084 | $1.5M | Add +0.7% |
| IDV iShares International Select | 0.15% | 55,031 | $1.5M | Add +2.4% |
| GLD SPDR Gold Shares | 0.15% | 6,184 | $1.5M | Add +3.6% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.15% | 11,976 | $1.5M | Add +2.7% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.15% | 4,335 | $1.5M | No change |
| IGM iShares Expanded Tech Sector | 0.15% | 14,340 | $1.5M | No change |
| SMAR Smartsheet Inc. Class A | 0.14% | 25,476 | $1.4M | Reduce -43.5% |
| PFF iShares Preferred & Income S | 0.14% | 44,831 | $1.4M | Add +3.8% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.14% | 13,054 | $1.4M | Add +1.6% |
| IXJ iShares Global Healthcare Et | 0.14% | 15,940 | $1.4M | No change |
| ABBV Abbvie Inc. | 0.14% | 7,690 | $1.4M | Add +54.0% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $263K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 212 | $262K | No change |
| PSEWF Paysafe Ltd. -CW26 | *W EXP 03/30/202 | 33,333 | $867 | No change |
Total filed on the 13F, all lines: $1.0B.
Portfolio Sells Q3 2024 → Q4 2024
| NATL NCR Atleos Corp. | Reduce -65.3% | 1.11% | −1.65 |
| CDW CDW Corp. | Reduce -0.3% | 2.39% | −0.82 |
| FSK FS KKR Capital Corp. | Sold out | 0.00% | −0.26 |
| ARCC Ares Capital Corp. | Sold out | 0.00% | −0.25 |
| BXSL Blackstone Secured Lending F | Sold out | 0.00% | −0.23 |
| IVV iShares Core S&P 500 ETF | Reduce -2.5% | 6.23% | −0.21 |
| ARLP Alliance Resource Partners | Reduce -41.1% | 0.32% | −0.21 |
| BTI British American Tob-SP ADR | Sold out | 0.00% | −0.20 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -0.0% | 1.42% | −0.20 |
| IBB iShares Biotechnology ETF | Reduce -19.8% | 0.45% | −0.19 |
| FIS Fidelity National Info Serv | Reduce -1.5% | 2.16% | −0.18 |
| XBI SS SPDR S&P Biotech ETF | Reduce -5.7% | 0.82% | −0.16 |
| SUN Sunoco LP | Sold out | 0.00% | −0.12 |
| SMAR Smartsheet Inc. Class A | Reduce -43.5% | 0.14% | −0.11 |
| SMBK Smartfinancial Inc. | Sold out | 0.00% | −0.10 |
| VEA Vanguard Ftse Developed ETF | Reduce -5.4% | 0.51% | −0.10 |
| XT Ishar Fture Exp Tech ETF-Usd | Reduce -41.5% | 0.11% | −0.09 |
| SGOV iShares 0-3 Month Treasury B | Reduce -1.6% | 1.42% | −0.07 |
| MSFT Microsoft Corp. | Reduce -5.0% | 0.59% | −0.06 |
| SHEL Shell PLC-ADR | Sold out | 0.00% | −0.06 |
| SEVN Seven Hills Realty Trust | Sold out | 0.00% | −0.05 |
| VYX NCR Voyix Corp. | Reduce -4.9% | 0.80% | −0.05 |
| PFLT Pennantpark Floating Rate Ca | Sold out | 0.00% | −0.05 |
| SHW The Sherwin-Williams Co. | Reduce -2.5% | 0.25% | −0.05 |
| DVN Devon Energy Corp. | Sold out | 0.00% | −0.04 |
| VYM Vanguard High DVD Yield ETF | Reduce -0.7% | 0.91% | −0.04 |
| MSI Motorola Solutions Inc. | Sold out | 0.00% | −0.04 |
| PAA Plains All Amer Pipeline LP | Reduce -7.9% | 0.27% | −0.04 |
| IWO iShares Russell 2000 Growth | Reduce -5.9% | 0.44% | −0.03 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.03 |
| IWD iShares Russell 1000 Value E | Reduce -0.5% | 0.55% | −0.03 |
| EOG EOG Resources Inc. | Sold out | 0.00% | −0.03 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -2.2% | 0.44% | −0.03 |
| B Barrick Gold Corp. | Sold out | 0.00% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -4.6% | 0.23% | −0.03 |
| VWO Vanguard Ftse Emerging Marke | Reduce -4.0% | 0.16% | −0.03 |
| GWRE Guidewire Software Inc. | Sold out | 0.00% | −0.03 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −0.02 |
| APAM Artisan Partners Asset Ma -A | Reduce -46.4% | 0.03% | −0.02 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.02 |
| JNJ Johnson & Johnson | Reduce -19.8% | 0.05% | −0.02 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.02 |
| SBAC SBA Communications Corp. | Sold out | 0.00% | −0.02 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −0.02 |
| AGG iShares Core U.S. Aggregate | Reduce -36.1% | 0.03% | −0.02 |
| MYI BlackRock Muniyield QLTY III | Reduce -12.2% | 0.07% | −0.02 |
| NAD Nuveen Quality Municipal Inc. | Reduce -11.4% | 0.08% | −0.02 |
| IVE iShares S&P 500 Value ETF | Reduce -5.9% | 0.12% | −0.02 |
| XLP SS Consumer Staples Sel Sect | Reduce -2.6% | 0.14% | −0.02 |
| LISTED FD TR | Reduce -11.3% | 0.08% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| AMLP Alerian MLP ETF | New | 1.28% | +1.28 |
| UYLD Angel Oak Ultrashort Income | Add +542.8% | 1.32% | +1.11 |
| JEPQ JPM Nasdaq Equity Premium | Add +415.8% | 0.76% | +0.62 |
| JEPI JPMorgan Equity Premium Inco | Add +388.8% | 0.75% | +0.59 |
| ZWS Zurn Elkay Water Solutions C | Add +5.7% | 9.01% | +0.56 |
| SPYI Neos S&P 500 High Income ETF | Add +339.0% | 0.63% | +0.48 |
| SHV iShares 0-1 Year Treasury Bo | Add +80.0% | 0.90% | +0.38 |
| DNB Dun & Bradstreet Holdings Inc. | Add +0.1% | 7.63% | +0.38 |
| QQQ Invesco QQQ Trust Series 1 | Add +8.7% | 2.15% | +0.20 |
| TSLA Tesla Inc. | Add +2.2% | 0.37% | +0.13 |
| ET Energy Transfer LP | Add +1.7% | 0.71% | +0.12 |
| SHY iShares 1-3 Year Treasury Bo | Add +39.0% | 0.38% | +0.09 |
| AAPL Apple Inc. | Add +0.4% | 2.00% | +0.09 |
| IWF iShares Russell 1000 Growth | Add +0.2% | 1.74% | +0.07 |
| XLE SS Energy Select Sector | Add +13.5% | 0.90% | +0.06 |
| JPM JPMorgan Chase & Co. | Add +20.4% | 0.25% | +0.06 |
| AMD Advanced Micro Devices | New | 0.06% | +0.06 |
| IJH iShares Core S&P Midcap ETF | Add +6.4% | 1.78% | +0.06 |
| UNP Union Pacific Corp. | New | 0.05% | +0.05 |
| RSP Invesco S&P 500 Equal Weight | New | 0.05% | +0.05 |
| DFAI Dimensional International Co. | New | 0.05% | +0.05 |
| CSX CSX Corp. | New | 0.05% | +0.05 |
| NVDA Nvidia Corp. | Add +2.7% | 0.51% | +0.05 |
| ASB Associated Banc-Corp. | Add +15.3% | 0.24% | +0.05 |
| EEM iShares MSCI Emerging Market | Add +54.5% | 0.16% | +0.04 |
| GSL Global Ship Lease Inc. Class A | Add +215.6% | 0.06% | +0.04 |
| XLF SS Financial Select Sector | Add +0.8% | 0.89% | +0.04 |
| IWP iShares Russell Mid-Cap Grow | Add +0.0% | 0.77% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +36.1% | 0.11% | +0.04 |
| ABBV Abbvie Inc. | Add +54.0% | 0.14% | +0.03 |
| IWR iShares Russell Mid-Cap ETF | Add +27.0% | 0.17% | +0.03 |
| AVGO Broadcom Inc. | New | 0.03% | +0.03 |
| RTX RTX Corp. | New | 0.03% | +0.03 |
| CEG Constellation Energy | New | 0.03% | +0.03 |
| EPD Enterprise Products Partners | Add +1.5% | 0.48% | +0.03 |
| HON Honeywell International Inc. | New | 0.03% | +0.03 |
| LNG Cheniere Energy Inc. | New | 0.03% | +0.03 |
| OKE Oneok Inc. | New | 0.03% | +0.03 |
| NSC Norfolk Southern Corp. | New | 0.03% | +0.03 |
| EUSA iShares MSCI USA Equal Weigh | New | 0.03% | +0.03 |
| LMT Lockheed Martin Corp. | New | 0.02% | +0.02 |
| AVAV Aerovironment Inc. | New | 0.02% | +0.02 |
| IAU iShares Gold Trust | Add +9.8% | 0.38% | +0.02 |
| FISV Fiserv Inc. | New | 0.02% | +0.02 |
| NTRS Northern Trust Corp. | Add +24.3% | 0.08% | +0.02 |
| CARY Angel Oak Income ETF | Add +7.3% | 1.12% | +0.02 |
| DXCM Dexcom Inc. | New | 0.02% | +0.02 |
| FTEC Fidelity MSCI Info Tech Indx | New | 0.02% | +0.02 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.02% | +0.02 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +21.1% | 0.12% | +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 |