Crescent Grove Advisors, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 6, 2026), Crescent Grove Advisors, LLC reported 299 stock positions worth $1.0 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 6.3% of the portfolio, followed by Zurn Elkay Water Solutions C (ZWS, 5.9%) and Vanguard S&P 500 ETF (VOO, 5.0%). Compared with Q4 2025, it opened 36 new positions, sold out of 31, added to 100 and reduced 80. The biggest buy was iShares 7-10 Year Treasury B (IEF, shares +1470%) and the biggest sale Zurn Elkay Water Solutions C (ZWS, shares −43%).
- Most Recent 13F
- Q2 2026
- Location
- LAKE FOREST, IL
- CIK
- 0001713520
- Portfolio Value
- $1.0B (Q1 2026)
- SEC Filing
- 0000892712-26-000230 ↗ filed May 6, 2026
Holdings Value
Holdings 299 stocks · $1.0B
| IVV iShares Core S&P 500 ETF | 6.33% | 97,750 | $63.9M | Reduce -2.8% |
| ZWS Zurn Elkay Water Solutions C | 5.93% | 1,334,775 | $59.9M | Reduce -42.6% |
| VOO Vanguard S&P 500 ETF | 4.95% | 83,586 | $49.9M | Add +0.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.15% | 48,683 | $31.7M | Reduce -8.5% |
| VTI VG Morningstar TS MKT ETF-US | 2.79% | 87,717 | $28.1M | Add +0.1% |
| IEMG iShares Core MSCI Emerging | 2.54% | 367,043 | $25.6M | Add +3.5% |
| IEF iShares 7-10 Year Treasury B | 2.42% | 255,658 | $24.4M | Add +1469.6% |
| QQQ Invesco QQQ Trust Series 1 | 2.12% | 37,122 | $21.4M | Add +0.8% |
| IJR iShares Core S&P Small-Cap E | 2.10% | 170,449 | $21.2M | Reduce -1.1% |
| CDW CDW Corp. | 2.06% | 171,968 | $20.8M | Add +7.0% |
| IJH iShares Core S&P Midcap ETF | 2.05% | 305,853 | $20.7M | Reduce -0.9% |
| ICE Intercontinental Exchange Inc. | 1.99% | 127,363 | $20.0M | Reduce -16.5% |
| IEFA iShares Core MSCI Eafe ETF | 1.87% | 208,743 | $18.9M | Add +0.4% |
| AAPL Apple Inc. | 1.86% | 73,863 | $18.7M | Add +1.0% |
| SGOV iShares 0-3 Month Treasury B | 1.80% | 180,134 | $18.1M | Reduce -12.2% |
| NATL NCR Atleos Corp. | 1.73% | 401,456 | $17.5M | Add +3.4% |
| IWF iShares Russell 1000 Growth | 1.73% | 40,954 | $17.5M | Reduce -0.3% |
| FNF Fidelity National Financial | 1.70% | 369,613 | $17.1M | Add +0.1% |
| IUSV iShares Core S&P U.S. Value | 1.65% | 162,440 | $16.6M | Reduce -0.5% |
| UYLD Angel Oak Ultrashort Income | 1.24% | 243,870 | $12.5M | Reduce -30.1% |
| XLE SS Energy Select Sector | 1.23% | 201,864 | $12.4M | Add +0.3% |
| VYM Vanguard High DVD Yield ETF | 1.18% | 80,547 | $11.9M | Reduce -0.4% |
| FIS Fidelity National Info Serv | 1.18% | 253,950 | $11.9M | Add +68.3% |
| ITOT iShares Core S&P Total U.S. | 1.14% | 80,823 | $11.5M | Reduce -3.7% |
| CARY Angel Oak Income ETF | 1.12% | 543,185 | $11.3M | Add +3.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.05% | 116,101 | $10.6M | Add +56.5% |
| XLF SS Financial Select Sector | 0.94% | 191,970 | $9.5M | Add +3.6% |
| HEFA Isha Curr Hedged MSCI Eafe | 0.92% | 218,230 | $9.3M | Add +7.5% |
| SHV iShares 0-1 Year Treasury Bo | 0.91% | 83,399 | $9.2M | Reduce -57.6% |
| IAU iShares Gold Trust | 0.87% | 99,418 | $8.8M | Add +4.2% |
| XBI SS SPDR S&P Biotech ETF | 0.81% | 64,244 | $8.2M | Reduce -4.2% |
| IWP iShares Russell Mid-Cap Grow | 0.78% | 61,335 | $7.9M | Add +0.0% |
| VEA Vanguard Ftse Developed ETF | 0.67% | 105,685 | $6.8M | Add +1.4% |
| GLD SPDR Gold Shares | 0.67% | 15,605 | $6.7M | Reduce -0.7% |
| BTAL Agf US Market Neutral Anti-B | 0.66% | 473,811 | $6.6M | New |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.65% | 144,929 | $6.6M | Add +4.8% |
| XLG Invesco S&P 500 Top 50 ETF | 0.64% | 117,638 | $6.4M | No change |
| IJS iShares S&P Small-Cap 600 Va | 0.63% | 53,549 | $6.3M | No change |
| IWD iShares Russell 1000 Value E | 0.59% | 27,883 | $6.0M | Reduce -5.7% |
| CARR Carrier Global Corp. | 0.58% | 104,631 | $5.9M | No change |
| NVDA Nvidia Corp. | 0.57% | 33,084 | $5.8M | Reduce -6.3% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.56% | 72,069 | $5.7M | Add +19.9% |
| XLI SS Industrial Select Sector | 0.56% | 34,880 | $5.6M | Add +5.9% |
| IWM iShares Russell 2000 ETF | 0.55% | 22,353 | $5.5M | Reduce -5.0% |
| IXUS iShares Core Intl Stock ETF | 0.53% | 62,210 | $5.4M | Reduce -1.0% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.52% | 99,420 | $5.2M | Add +5.5% |
| DVYE iShares Emerging Markets Div | 0.52% | 151,258 | $5.2M | Add +8.6% |
| EFA iShares MSCI Eafe ETF | 0.51% | 53,111 | $5.2M | Add +0.3% |
| IBB iShares Biotechnology ETF | 0.48% | 28,392 | $4.8M | Reduce -0.0% |
| GNR State Street SPDR S&P Global | 0.46% | 62,504 | $4.7M | Add +12.9% |
| MSFT Microsoft Corp. | 0.46% | 12,584 | $4.7M | Reduce -2.4% |
| VYX NCR Voyix Corp. | 0.46% | 727,002 | $4.6M | Add +17.9% |
| VXUS Vanguard Total Intl Stock | 0.46% | 59,610 | $4.6M | Add +0.2% |
| FISV Fiserv Inc. | 0.46% | 82,289 | $4.6M | Add +3.2% |
| IDV iShares International Select | 0.42% | 98,851 | $4.2M | Add +6.2% |
| ASB Associated Banc-Corp. | 0.42% | 162,344 | $4.2M | Add +14.0% |
| AMZN Amazon.com Inc. | 0.41% | 20,087 | $4.2M | Add +1.4% |
| ET Energy Transfer LP | 0.41% | 216,186 | $4.2M | Add +8.1% |
| ASCE Allspring Smid Core ETF | 0.41% | 148,062 | $4.1M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.41% | 8,567 | $4.1M | Add +0.5% |
| ARKW ARK Next Generation Technolo | 0.41% | 33,908 | $4.1M | Add +2.3% |
| PAAS Pan American Silver Corp. | 0.40% | 74,567 | $4.1M | Add +17.1% |
| IWO iShares Russell 2000 Growth | 0.40% | 12,952 | $4.1M | Reduce -3.5% |
| SHY iShares 1-3 Year Treasury Bo | 0.40% | 48,806 | $4.0M | Reduce -6.5% |
| AEM Agnico Eagle Mines Ltd. | 0.37% | 18,516 | $3.8M | Add +37.4% |
| JEPI JPMorgan Equity Premium Inco | 0.37% | 66,029 | $3.7M | Add +346.2% |
| NEM Newmont Corp. | 0.37% | 34,458 | $3.7M | Add +39.2% |
| CFR Cullen/Frost Bankers Inc. | 0.34% | 24,964 | $3.4M | New |
| TSLA Tesla Inc. | 0.33% | 8,877 | $3.3M | Add +0.4% |
| QUAL iShares MSCI USA Quality Fac | 0.30% | 15,952 | $3.1M | Reduce -13.7% |
| DVY iShares Select Dividend ETF | 0.30% | 19,892 | $3.0M | Reduce -1.8% |
| FNV Franco-Nevada Corp. | 0.28% | 11,233 | $2.8M | Add +376.6% |
| WPM Wheaton Precious Metals Corp. | 0.27% | 20,399 | $2.7M | Add +356.1% |
| SIL Global X Silver Miners ETF | 0.26% | 29,516 | $2.7M | Reduce -38.4% |
| RSP Invesco S&P 500 Equal Weight | 0.25% | 13,268 | $2.5M | Add +183.3% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.24% | 44,439 | $2.5M | New |
| GDX Vaneck Gold Miners ETF | 0.23% | 25,711 | $2.4M | Reduce -48.2% |
| IWR iShares Russell Mid-Cap ETF | 0.23% | 24,246 | $2.4M | Add +11.3% |
| EPD Enterprise Products Partners | 0.23% | 61,793 | $2.3M | Reduce -11.3% |
| SHW The Sherwin-Williams Co. | 0.23% | 7,198 | $2.3M | No change |
| RIO Rio Tinto PLC-Spon ADR | 0.22% | 23,866 | $2.3M | Add +316.7% |
| CNNE Cannae Holdings Inc. | 0.22% | 195,819 | $2.2M | No change |
| ARKK ARK Innovation ETF | 0.21% | 31,795 | $2.1M | Reduce -5.4% |
| MPLX MPLX LP | 0.21% | 37,197 | $2.1M | Add +4.0% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.20% | 34,669 | $2.1M | Add +0.0% |
| DTH Wisdomtree International Hig | 0.20% | 37,800 | $2.0M | Add +3.8% |
| JPM JPMorgan Chase & Co. | 0.20% | 6,939 | $2.0M | Reduce -8.3% |
| VWO Vanguard Ftse Emerging Marke | 0.20% | 37,571 | $2.0M | No change |
| ARLP Alliance Resource Partners | 0.20% | 71,682 | $2.0M | Reduce -26.0% |
| MAN Manpowergroup Inc. | 0.19% | 65,682 | $1.9M | Add +9.0% |
| VIG Vanguard Dividend Apprec ETF | 0.19% | 8,718 | $1.9M | Add +0.0% |
| QQQM Invesco Nasdaq 100 ETF | 0.18% | 7,794 | $1.9M | Reduce -2.5% |
| XOM Exxon Mobil Corp. | 0.18% | 10,881 | $1.8M | Reduce -5.7% |
| PG The Procter & Gamble Co. | 0.18% | 12,613 | $1.8M | Add +0.0% |
| BANC Banc of California Inc. | 0.18% | 102,275 | $1.8M | Add +0.5% |
| GFI Gold Fields Ltd.-Spons ADR | 0.18% | 39,533 | $1.8M | New |
| CIBR First Trust Nasdaq Cybersecu | 0.17% | 28,071 | $1.8M | Reduce -14.8% |
| SUN Sunoco LP | 0.17% | 26,869 | $1.7M | New |
| SPSM SS SPDR P S&P 600 Small Cap | 0.17% | 36,064 | $1.7M | Add +0.9% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.17% | 16,054 | $1.7M | Add +21.1% |
Options reported separately and not counted above: SPY puts ($16.9M), SPY calls ($13.3M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $253K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 212 | $253K | No change |
Total filed on the 13F, all lines: $1.0B.
Portfolio Sells Q4 2025 → Q1 2026
| ZWS Zurn Elkay Water Solutions C | Reduce -42.6% | 5.93% | −4.35 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -57.6% | 0.91% | −1.15 |
| UYLD Angel Oak Ultrashort Income | Reduce -30.1% | 1.24% | −0.47 |
| ICE Intercontinental Exchange Inc. | Reduce -16.5% | 1.99% | −0.36 |
| GSL Global Ship Lease Inc. Class A | Reduce -74.3% | 0.14% | −0.36 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -8.5% | 3.15% | −0.31 |
| SLV iShares Silver Trust | Reduce -65.1% | 0.15% | −0.24 |
| IVV iShares Core S&P 500 ETF | Reduce -2.8% | 6.33% | −0.22 |
| GDX Vaneck Gold Miners ETF | Reduce -48.2% | 0.23% | −0.17 |
| SGOV iShares 0-3 Month Treasury B | Reduce -12.2% | 1.80% | −0.16 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −0.15 |
| IXJ iShares Global Healthcare Et | Sold out | 0.00% | −0.15 |
| MSFT Microsoft Corp. | Reduce -2.4% | 0.46% | −0.13 |
| TXT Textron Inc. | Sold out | 0.00% | −0.13 |
| KXI iShares Global Consumer Stap | Sold out | 0.00% | −0.13 |
| SIL Global X Silver Miners ETF | Reduce -38.4% | 0.26% | −0.12 |
| IWF iShares Russell 1000 Growth | Reduce -0.3% | 1.73% | −0.12 |
| IBDR iShares Ibonds Dec 2026 Term | Sold out | 0.00% | −0.11 |
| PAA Plains All Amer Pipeline LP | Reduce -62.2% | 0.09% | −0.10 |
| FBTC Fidelity Wise Origin Bitcoin | Sold out | 0.00% | −0.09 |
| IGF iShares Global Infrastructur | Sold out | 0.00% | −0.07 |
| NVDA Nvidia Corp. | Reduce -6.3% | 0.57% | −0.05 |
| XLV SS Health Care Select Sector | Reduce -70.8% | 0.02% | −0.05 |
| CIBR First Trust Nasdaq Cybersecu | Reduce -14.8% | 0.17% | −0.05 |
| NRG NRG Energy Inc. | Sold out | 0.00% | −0.05 |
| BXSL Blackstone Secured Lending F | Sold out | 0.00% | −0.05 |
| GE General Electric | Sold out | 0.00% | −0.05 |
| QUAL iShares MSCI USA Quality Fac | Reduce -13.7% | 0.30% | −0.05 |
| ITOT iShares Core S&P Total U.S. | Reduce -3.7% | 1.14% | −0.05 |
| BX Blackstone Inc. | Reduce -1.2% | 0.13% | −0.04 |
| VHT Vanguard Health Care ETF | Sold out | 0.00% | −0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -14.9% | 0.17% | −0.04 |
| CEG Constellation Energy | Reduce -56.3% | 0.02% | −0.04 |
| NAD Nuveen Quality Municipal Inc. | Sold out | 0.00% | −0.04 |
| IHAK iShares Cybersecurity & Tech | Reduce -17.4% | 0.12% | −0.03 |
| ARKK ARK Innovation ETF | Reduce -5.4% | 0.21% | −0.03 |
| MYI BlackRock Muniyield QLTY III | Sold out | 0.00% | −0.03 |
| TLN Talen Energy Corp. | Reduce -52.2% | 0.02% | −0.03 |
| CMI Cummins Inc. | Sold out | 0.00% | −0.03 |
| ALL Allstate Corp. | Sold out | 0.00% | −0.03 |
| BA The Boeing Co. | Reduce -39.8% | 0.04% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -8.3% | 0.20% | −0.03 |
| ARKF ARK Blockchain & Fintech Inn | Sold out | 0.00% | −0.03 |
| ROK Rockwell Automation Inc. | Reduce -53.1% | 0.02% | −0.02 |
| EEM iShares MSCI Emerging Market | Reduce -24.6% | 0.11% | −0.02 |
| GS Goldman Sachs Group Inc. | Reduce -30.2% | 0.06% | −0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.02 |
| EQT Eqt Corp. | Sold out | 0.00% | −0.02 |
| CONL Granitesh 2X LNG Coin ETF-US | Sold out | 0.00% | −0.02 |
| VST Vistra Corp. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| IEF iShares 7-10 Year Treasury B | Add +1469.6% | 2.42% | +2.27 |
| BTAL Agf US Market Neutral Anti-B | New | 0.66% | +0.66 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +56.5% | 1.05% | +0.41 |
| ASCE Allspring Smid Core ETF | New | 0.41% | +0.41 |
| XLE SS Energy Select Sector | Add +0.3% | 1.23% | +0.37 |
| CFR Cullen/Frost Bankers Inc. | New | 0.34% | +0.34 |
| NATL NCR Atleos Corp. | Add +3.4% | 1.73% | +0.33 |
| JEPI JPMorgan Equity Premium Inco | Add +346.2% | 0.37% | +0.29 |
| IEMG iShares Core MSCI Emerging | Add +3.5% | 2.54% | +0.27 |
| JEPQ JPM Nasdaq Equity Premium | New | 0.24% | +0.24 |
| FNV Franco-Nevada Corp. | Add +376.6% | 0.28% | +0.23 |
| FIS Fidelity National Info Serv | Add +68.3% | 1.18% | +0.23 |
| WPM Wheaton Precious Metals Corp. | Add +356.1% | 0.27% | +0.22 |
| RIO Rio Tinto PLC-Spon ADR | Add +316.7% | 0.22% | +0.18 |
| GFI Gold Fields Ltd.-Spons ADR | New | 0.18% | +0.18 |
| SUN Sunoco LP | New | 0.17% | +0.17 |
| RSP Invesco S&P 500 Equal Weight | Add +183.3% | 0.25% | +0.17 |
| OUNZ Vaneck Merk Gold ETF | New | 0.16% | +0.16 |
| AEM Agnico Eagle Mines Ltd. | Add +37.4% | 0.37% | +0.16 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +19.9% | 0.56% | +0.15 |
| GNR State Street SPDR S&P Global | Add +12.9% | 0.46% | +0.14 |
| NEM Newmont Corp. | Add +39.2% | 0.37% | +0.13 |
| IAU iShares Gold Trust | Add +4.2% | 0.87% | +0.13 |
| HEFA Isha Curr Hedged MSCI Eafe | Add +7.5% | 0.92% | +0.12 |
| IEFA iShares Core MSCI Eafe ETF | Add +0.4% | 1.87% | +0.10 |
| DVYE iShares Emerging Markets Div | Add +8.6% | 0.52% | +0.10 |
| ET Energy Transfer LP | Add +8.1% | 0.41% | +0.10 |
| COPX Global X Copper Miners ETF | New | 0.10% | +0.10 |
| IAG Iamgold Corp. | New | 0.10% | +0.10 |
| PAAS Pan American Silver Corp. | Add +17.1% | 0.40% | +0.09 |
| KGC Kinross Gold Corp. | New | 0.09% | +0.09 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Add +4.8% | 0.65% | +0.08 |
| CARY Angel Oak Income ETF | Add +3.7% | 1.12% | +0.08 |
| XLI SS Industrial Select Sector | Add +5.9% | 0.56% | +0.07 |
| SIRI Sirius XM Holdings Inc. | New | 0.07% | +0.07 |
| IDV iShares International Select | Add +6.2% | 0.42% | +0.07 |
| ASB Associated Banc-Corp. | Add +14.0% | 0.42% | +0.07 |
| IRM Iron Mountain Inc. | Add +21.1% | 0.17% | +0.06 |
| FCX Freeport-McMoran Inc. | Add +160.0% | 0.09% | +0.06 |
| AU Anglogold Ashanti PLC | New | 0.06% | +0.06 |
| AA Alcoa Corp. | New | 0.06% | +0.06 |
| VEA Vanguard Ftse Developed ETF | Add +1.4% | 0.67% | +0.05 |
| RHI Robert Half Inc. | New | 0.05% | +0.05 |
| AMD Advanced Micro Devices | Add +44.0% | 0.16% | +0.05 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +5.5% | 0.52% | +0.04 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +50.1% | 0.14% | +0.04 |
| CSTM Constellium SE | New | 0.04% | +0.04 |
| APLU Allspring Core Plus ETF | New | 0.04% | +0.04 |
| EUSA iShares MSCI USA Equal Weigh | Add +35.0% | 0.12% | +0.03 |
| IWR iShares Russell Mid-Cap ETF | Add +11.3% | 0.23% | +0.03 |
Options Activity Q4 2025 → Q1 2026
| SPDR S&P 500 ETF | put | Sold out | 43,900 | $25.8Mbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 28,000 | $16.9M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | New | 18,000 | $13.3M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2025 → Q1 2026
| PSEWF Paysafe Ltd. -CW26 | *W EXP 03/30/202 | Sold out | 33,333 | $7before 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 | 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 |