CSM Advisors, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), CSM Advisors, LLC reported 123 stock positions worth $2.1 billion. Its top holding was Vanguard Mrngstar GR ETF-Sui (VUG) at 8.1% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 8.1%) and SS SPDR S&P 500 ETF Trust-US (SPY, 7.1%). Compared with Q3 2024, it opened 11 new positions, sold out of 7, added to 53 and reduced 44. The biggest buy was iShares Russell 2000 ETF (IWM, shares +243%) and the biggest sale an exit from iShares 20+ Year Treasury BD (TLT).

Most Recent 13F
Q2 2026
Location
WARRENDALE, PA
CIK
0001863523
Portfolio Value
$2.1B (Q4 2024)
SEC Filing
0001863523-25-000002 ↗ filed Feb 14, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $1.5B Q1 2024 Q2 2024: $1.4B Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $2.1B $2.1B Q4 2024 Q1 2025: $1.8B Q1 2025 Q2 2025: $3.4B Q2 2025 Q3 2025: $3.6B Q3 2025 Q4 2025: $3.7B Q4 2025 Q1 2026: $4.1B Q1 2026 Q2 2026: $4.7B Q2 2026

Holdings 123 stocks · $2.1B
VUG Vanguard Mrngstar GR ETF-Sui 8.07% 420,074 $172.4M Add +97.5%
QQQ Invesco QQQ Trust Series 1 8.07% 337,150 $172.4M Add +100.0%
SPY SS SPDR S&P 500 ETF Trust-US 7.10% 258,880 $151.7M Add +100.0%
VTV Vanguard Mrngstr Val ETF-Aui 5.76% 726,581 $123.0M Add +95.3%
ORSIX NRTH SQ DYN SM Cap-I filed as NORTH SQ INVSTMNTS T 4.69% 6,635,779 $100.1M Add +83.5%
IWM iShares Russell 2000 ETF 4.66% 450,600 $99.6M Add +242.9%
XLF SS Financial Select Sector 3.12% 1,377,800 $66.6M Add +100.0%
IWV iShares Russell 3000 ETF 2.92% 186,800 $62.4M Add +100.0%
IEI iShares 3-7 Year Treasury Bo 2.45% 453,400 $52.4M Add +100.0%
HDV iShares Core High Dividend E 2.43% 461,800 $51.8M Add +100.0%
EZU iShares MSCI Eurozone ETF 2.35% 1,063,000 $50.2M Add +100.0%
ADVGX North SQ Sel SM Cap-I 2.07% 3,393,197 $44.2M Add +90.8%
AAPL Apple Inc. 2.06% 175,798 $44.0M Reduce -2.3%
MSFT Microsoft Corp. 1.89% 95,691 $40.3M Reduce -3.1%
IVV iShares Core S&P 500 ETF 1.80% 65,259 $38.4M Add +45.7%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 1.70% 85,350 $36.3M Add +52.5%
SPYM Ste STR SPDR PT S&P 500 ETF 1.69% 524,459 $36.2M Add +59.0%
VTWO Vanguard Russell 2000 ETF 1.56% 373,066 $33.3M Add +29.1%
GOOG Alphabet Inc. Class C 1.42% 159,035 $30.3M Reduce -3.5%
AMZN Amazon.com Inc. 1.11% 108,019 $23.7M Reduce -3.2%
JPM JPMorgan Chase & Co. 1.07% 95,277 $22.8M Reduce -2.6%
META Meta Platforms Inc. Class A 1.06% 38,582 $22.6M Reduce -2.6%
AVGO Broadcom Inc. 0.97% 89,215 $20.7M Reduce -2.5%
NKMCX NRTH SQ Kennedy Microcap-I filed as NORTH SQUARE INVESTM 0.95% 1,719,860 $20.3M Add +96.6%
GS Goldman Sachs Group Inc. 0.88% 32,639 $18.7M Reduce -3.1%
PYPL PayPal Holdings Inc. 0.86% 215,030 $18.4M Reduce -3.3%
MPC Marathon Petroleum Corp. 0.83% 127,622 $17.8M Reduce -3.2%
WMT Walmart Inc. 0.83% 196,495 $17.8M Reduce -2.4%
EXPE Expedia Group Inc. 0.83% 94,874 $17.7M Reduce -2.3%
DKS Dick's Sporting Goods Inc. 0.80% 74,641 $17.1M Reduce -2.1%
TMUS T-Mobile US Inc. 0.79% 76,419 $16.9M Reduce -2.4%
SPDW Ste STR SPDR PT DW Eu ETF 0.77% 481,850 $16.4M Add +98.6%
ORCL Oracle Corp. 0.74% 95,406 $15.9M Reduce -2.1%
CVX Chevron Corp. 0.73% 107,566 $15.6M Add +18.6%
DE Deere & Co. 0.67% 33,657 $14.3M Add +14.4%
DELL Dell Technologies -C 0.63% 116,980 $13.5M Reduce -2.7%
AMTM Amentum Holdings Inc. 0.63% 639,057 $13.4M Add +646.4%
CAT Caterpillar Inc. 0.57% 33,840 $12.3M Reduce -1.6%
CRM Salesforce Inc. 0.55% 35,157 $11.8M Reduce -6.2%
GLPI Gaming and Leisure Propertie 0.54% 238,245 $11.5M Reduce -0.4%
J Jacobs Solutions Inc. 0.53% 84,302 $11.3M Reduce -1.5%
VB Vanguard Most SM-Cap ETF-Usd 0.52% 46,514 $11.2M Add +28.7%
CB Chubb Ltd. 0.52% 40,257 $11.1M Reduce -3.8%
NVDA Nvidia Corp. 0.52% 82,620 $11.1M Add +2.8%
ABT Abbott Laboratories 0.52% 98,001 $11.1M Reduce -2.6%
VEA Vanguard Ftse Developed ETF 0.52% 230,560 $11.0M Reduce -9.3%
DFS Discover Financial Services 0.50% 62,040 $10.8M Reduce -31.6%
VOO Vanguard S&P 500 ETF 0.49% 19,320 $10.4M Reduce -2.8%
VXUS Vanguard Total Intl Stock 0.48% 174,628 $10.3M Add +4.9%
HON Honeywell International Inc. 0.47% 44,540 $10.1M Reduce -33.7%
SYY Sysco Corp. 0.46% 129,350 $9.9M Add +0.2%
WFC Wells Fargo & Co. 0.46% 140,722 $9.9M Reduce -1.9%
MAR Marriott International Class A 0.46% 35,368 $9.9M Reduce -3.5%
TGT Target Corp. 0.44% 69,046 $9.3M Reduce -2.1%
CNC Centene Corp. 0.43% 153,123 $9.3M Reduce -1.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.43% 82,102 $9.1M Reduce -4.5%
DOV Dover Corp. 0.42% 47,715 $8.9M Reduce -5.2%
AMD Advanced Micro Devices 0.41% 72,590 $8.8M Reduce -3.3%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.40% 111,218 $8.5M Reduce -4.3%
EOG EOG Resources Inc. 0.39% 68,239 $8.4M Reduce -1.7%
T AT&T Inc. 0.38% 359,239 $8.2M Reduce -5.6%
GOOGL Alphabet Inc. Class A 0.38% 42,967 $8.1M Add +2.0%
PEG Public Service Enterprise GP 0.35% 88,979 $7.5M Reduce -0.4%
MRK Merck & Co. Inc. 0.35% 74,655 $7.4M Reduce -3.0%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.34% 83,857 $7.2M New
AIG American International Group 0.32% 95,230 $6.9M Reduce -2.1%
EFV iShares MSCI Eafe Value ETF 0.31% 127,666 $6.7M Add +4.7%
SBUX Starbucks Corp. 0.30% 70,885 $6.5M Reduce -5.3%
HUM Humana Inc. 0.29% 24,196 $6.1M Add +0.2%
SPEM State Street SP PTF Em ETF 0.29% 159,901 $6.1M Add +98.6%
COR Cencora Inc. 0.28% 26,617 $6.0M Add +1.0%
AXP American Express Co. 0.28% 19,825 $5.9M Add +2.4%
GILD Gilead Sciences Inc. 0.26% 59,005 $5.4M Reduce -7.5%
QTPI NRTH Squr Rcim Tax-Ad Is ETF filed as EXCHANGE PLACE ADVIS 0.23% 200,000 $5.0M New
VBR Vngrd Mrngst SL-CP Val ETF-U 0.22% 24,004 $4.8M Add +30.4%
BIIB Biogen Inc. 0.20% 28,159 $4.3M Add +0.2%
VIG Vanguard Dividend Apprec ETF 0.20% 21,900 $4.3M No change
FCX Freeport-McMoran Inc. 0.18% 103,155 $3.9M Reduce -31.3%
NEE Nextera Energy Inc. 0.17% 51,283 $3.7M Add +2.1%
SPSM SS SPDR P S&P 600 Small Cap 0.17% 80,752 $3.6M Add +98.6%
AMGN Amgen Inc. 0.16% 13,092 $3.4M Add +35.7%
HDEF Xtrackers MSCI Eafe High Div 0.14% 127,102 $3.1M Add +7.3%
EWU iShares MSCI United Kingdom 0.14% 90,913 $3.1M Add +7.7%
IEFA iShares Core MSCI Eafe ETF 0.14% 43,474 $3.1M No change
PM Philip Morris International 0.14% 24,214 $2.9M Reduce -1.3%
DXJ Wisdomtree Japan Hedged Eq 0.13% 25,685 $2.8M Add +4.5%
A Agilent Technologies Inc. 0.13% 21,052 $2.8M Add +2.7%
PRJZX Pgim Jenn GLBL Opport-Z 0.12% 56,791 $2.6M No change
SPGP Invesco S&P 500 Garp ETF 0.12% 23,600 $2.5M No change
EWG iShares MSCI Germany ETF 0.11% 71,976 $2.3M Add +4.7%
USB US Bancorp 0.11% 47,155 $2.3M Add +2.6%
EWS iShares MSCI Singapore ETF 0.10% 101,051 $2.2M New
HEDJ Wisdomtree Europe Hedged Equ 0.10% 49,598 $2.2M Add +4.4%
EWC iShares MSCI Canada ETF 0.10% 53,635 $2.2M New
CSCO Cisco Systems Inc. 0.09% 31,686 $1.9M Add +2.6%
BWA Borgwarner Inc. 0.08% 54,924 $1.7M Add +2.8%
ST Sensata Technologies Holdplc 0.07% 51,182 $1.4M Reduce -74.8%
LLY Eli Lilly & Co. 0.04% 1,045 $807K Add +30.6%
AEPFX Eupac Fund-F-2 filed as AMER EUROPACIFIC GRWTH Cl F-2 0.04% 14,734 $789K No change
RSP Invesco S&P 500 Equal Weight 0.04% 4,450 $780K No change
PGX Invesco Preferred ETF 0.03% 61,700 $711K No change
GICIX Gldmn SCHS Intl S/C Insg-Ins 0.03% 48,161 $590K No change
PRMSX T Rowe PR Emrg MRK STCK-Inv 0.02% 15,496 $526K No change
VIISX Virtus Kar Intl SM Mid-I 0.02% 28,106 $525K No change
PFLD Aam Low Dur Pref & Inc. Sec 0.02% 25,000 $514K No change
PFFD Global X US Preferred ETF 0.02% 26,100 $509K No change
V Visa Inc. Class A 0.02% 1,330 $419K Add +31.2%
UNH Unitedhealth Group Inc. 0.02% 751 $379K Add +31.3%
IGIFX Amer FND Intl GR & Inc.-F1 filed as INTERNATIONAL GRW & 0.02% 10,165 $365K No change
OAKWX Oakmark Global Select-Inv 0.02% 15,801 $350K No change
NFLX Netflix Inc. 0.02% 388 $345K Add +35.7%
MA Mastercard Inc. Class A 0.02% 651 $342K Add +32.9%
TSLA Tesla Inc. 0.02% 798 $322K New
ROST Ross Stores Inc. 0.01% 2,005 $304K Add +31.5%
COST Costco Wholesale Corp. 0.01% 303 $277K Add +27.9%
TDG Transdigm Group Inc. 0.01% 216 $274K Add +31.7%
ANET Arista Networks Inc. 0.01% 2,448 $271K New
VSS Vanguard Ftse All Wo X-US SC 0.01% 2,350 $269K No change
ORLY O'reilly Automotive Inc. 0.01% 225 $268K New
NOW ServiceNow Inc. 0.01% 211 $224K New
ECL Ecolab Inc. 0.01% 942 $222K New
FTNT Fortinet Inc. 0.01% 2,326 $220K New
SYK Stryker Corp. 0.01% 560 $202K New
Other holdings (2): bonds, preferreds, convertibles and warrants · $2.6M (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 1,750$2.1MNo change
STATE STREET CORP (STT V5.35 PERP G) Common Stock 20,100$472KNo change

Total filed on the 13F, all lines: $2.1B.

Portfolio Sells Q3 2024 → Q4 2024
TLT iShares 20+ Year Treasury BD Sold out 0.00% −1.81
VHT Vanguard Health Care ETF Sold out 0.00% −1.77
MSFT Microsoft Corp. Reduce -3.1% 1.89% −0.89
GDX Vaneck Gold Miners ETF Sold out 0.00% −0.70
AAPL Apple Inc. Reduce -2.3% 2.06% −0.68
MPC Marathon Petroleum Corp. Reduce -3.2% 0.83% −0.57
HON Honeywell International Inc. Reduce -33.7% 0.47% −0.44
META Meta Platforms Inc. Class A Reduce -2.6% 1.06% −0.42
ST Sensata Technologies Holdplc Reduce -74.8% 0.07% −0.41
AMD Advanced Micro Devices Reduce -3.3% 0.41% −0.39
ORDNX North SQ Pref & Inc. Sec-I Sold out 0.00% −0.39
GOOG Alphabet Inc. Class C Reduce -3.5% 1.42% −0.38
CE Celanese Corp. Sold out 0.00% −0.38
VEA Vanguard Ftse Developed ETF Reduce -9.3% 0.52% −0.36
ORCL Oracle Corp. Reduce -2.1% 0.74% −0.34
DFS Discover Financial Services Reduce -31.6% 0.50% −0.33
CNC Centene Corp. Reduce -1.2% 0.43% −0.33
FCX Freeport-McMoran Inc. Reduce -31.3% 0.18% −0.31
CAT Caterpillar Inc. Reduce -1.6% 0.57% −0.30
DELL Dell Technologies -C Reduce -2.7% 0.63% −0.30
TGT Target Corp. Reduce -2.1% 0.44% −0.28
JPM JPMorgan Chase & Co. Reduce -2.6% 1.07% −0.28
PYPL PayPal Holdings Inc. Reduce -3.3% 0.86% −0.27
CB Chubb Ltd. Reduce -3.8% 0.52% −0.27
GLPI Gaming and Leisure Propertie Reduce -0.4% 0.54% −0.27
TMUS T-Mobile US Inc. Reduce -2.4% 0.79% −0.27
AMZN Amazon.com Inc. Reduce -3.2% 1.11% −0.25
DKS Dick's Sporting Goods Inc. Reduce -2.1% 0.80% −0.24
WMT Walmart Inc. Reduce -2.4% 0.83% −0.23
ABT Abbott Laboratories Reduce -2.6% 0.52% −0.23
MRK Merck & Co. Inc. Reduce -3.0% 0.35% −0.22
GS Goldman Sachs Group Inc. Reduce -3.1% 0.88% −0.21
DOV Dover Corp. Reduce -5.2% 0.42% −0.21
J Jacobs Solutions Inc. Reduce -1.5% 0.53% −0.20
VOO Vanguard S&P 500 ETF Reduce -2.8% 0.49% −0.20
SBUX Starbucks Corp. Reduce -5.3% 0.30% −0.17
PEG Public Service Enterprise GP Reduce -0.4% 0.35% −0.17
EOG EOG Resources Inc. Reduce -1.7% 0.39% −0.17
T AT&T Inc. Reduce -5.6% 0.38% −0.16
EMXC iShares MSCI Emr MRK Ex Chna Sold out 0.00% −0.15
BNY Bank of New York Mellon Corp. Reduce -4.3% 0.40% −0.15
AIG American International Group Reduce -2.1% 0.32% −0.14
MAR Marriott International Class A Reduce -3.5% 0.46% −0.13
CRM Salesforce Inc. Reduce -6.2% 0.55% −0.12
DIS The Walt Disney Co. Reduce -4.5% 0.43% −0.11
EXPE Expedia Group Inc. Reduce -2.3% 0.83% −0.11
GILD Gilead Sciences Inc. Reduce -7.5% 0.26% −0.09
WFC Wells Fargo & Co. Reduce -1.9% 0.46% −0.07
AVGO Broadcom Inc. Reduce -2.5% 0.97% −0.06
PM Philip Morris International Reduce -1.3% 0.14% −0.06

Portfolio Buys Q3 2024 → Q4 2024
IWM iShares Russell 2000 ETF Add +242.9% 4.66% +2.77
VUG Vanguard Mrngstar GR ETF-Sui Add +97.5% 8.07% +2.74
QQQ Invesco QQQ Trust Series 1 Add +100.0% 8.07% +2.69
SPY SS SPDR S&P 500 ETF Trust-US Add +100.0% 7.10% +2.25
VTV Vanguard Mrngstr Val ETF-Aui Add +95.3% 5.76% +1.52
XLF SS Financial Select Sector Add +100.0% 3.12% +1.08
IWV iShares Russell 3000 ETF Add +100.0% 2.92% +0.93
ORSIX NRTH SQ DYN SM Cap-I Add +83.5% 4.69% +0.89
IEI iShares 3-7 Year Treasury Bo Add +100.0% 2.45% +0.68
HDV iShares Core High Dividend E Add +100.0% 2.43% +0.65
ADVGX North SQ Sel SM Cap-I Add +90.8% 2.07% +0.57
EZU iShares MSCI Eurozone ETF Add +100.0% 2.35% +0.54
AMTM Amentum Holdings Inc. Add +646.4% 0.63% +0.49
CF CF Industries Holdings Inc. New 0.34% +0.34
NKMCX NRTH SQ Kennedy Microcap-I Add +96.6% 0.95% +0.31
SPYM Ste STR SPDR PT S&P 500 ETF Add +59.0% 1.69% +0.24
QTPI NRTH Squr Rcim Tax-Ad Is ETF New 0.23% +0.23
SPDW Ste STR SPDR PT DW Eu ETF Add +98.6% 0.77% +0.17
DIA SS SPDR Dow Jones Indus Avg Add +52.5% 1.70% +0.15
IVV iShares Core S&P 500 ETF Add +45.7% 1.80% +0.11
EWS iShares MSCI Singapore ETF New 0.10% +0.10
EWC iShares MSCI Canada ETF New 0.10% +0.10
SPEM State Street SP PTF Em ETF Add +98.6% 0.29% +0.07
SPSM SS SPDR P S&P 600 Small Cap Add +98.6% 0.17% +0.05
TSLA Tesla Inc. New 0.02% +0.02
ANET Arista Networks Inc. New 0.01% +0.01
ORLY O'reilly Automotive Inc. New 0.01% +0.01
NOW ServiceNow Inc. New 0.01% +0.01
ECL Ecolab Inc. New 0.01% +0.01
FTNT Fortinet Inc. New 0.01% +0.01
SYK Stryker Corp. New 0.01% +0.01
NFLX Netflix Inc. Add +35.7% 0.02% +0.00
V Visa Inc. Class A Add +31.2% 0.02% +0.00
MA Mastercard Inc. Class A Add +32.9% 0.02% +0.00
COST Costco Wholesale Corp. Add +27.9% 0.01% −0.00
ROST Ross Stores Inc. Add +31.5% 0.01% −0.00
TDG Transdigm Group Inc. Add +31.7% 0.01% −0.00
UNH Unitedhealth Group Inc. Add +31.3% 0.02% −0.00
LLY Eli Lilly & Co. Add +30.6% 0.04% −0.01
VBR Vngrd Mrngst SL-CP Val ETF-U Add +30.4% 0.22% −0.02
CSCO Cisco Systems Inc. Add +2.6% 0.09% −0.02
USB US Bancorp Add +2.6% 0.11% −0.03
VB Vanguard Most SM-Cap ETF-Usd Add +28.7% 0.52% −0.04
DXJ Wisdomtree Japan Hedged Eq Add +4.5% 0.13% −0.04
HEDJ Wisdomtree Europe Hedged Equ Add +4.4% 0.10% −0.04
AMGN Amgen Inc. Add +35.7% 0.16% −0.04
EWG iShares MSCI Germany ETF Add +4.7% 0.11% −0.04
BWA Borgwarner Inc. Add +2.8% 0.08% −0.04
EWU iShares MSCI United Kingdom Add +7.7% 0.14% −0.06
HDEF Xtrackers MSCI Eafe High Div Add +7.3% 0.14% −0.06

Notes & Other Activity Q3 2024 → Q4 2024
SCE TRUST III (EIX V5.75 PERP H) FXD/FLT RT PFD Sold out 56,450 $1.4Mbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 406$4.7BAAPL, NVDA, AMZN, SPY, GOOGL
Q1 2026 407$4.1BNVDA, AAPL, MSFT, QQQ, VUG
Q4 2025 399$3.7BQQQ, VUG, SPY, VTV, GOOG
Q3 2025 401$3.6BQQQ, SPY, VUG, VTV, GOOG
Q2 2025 375$3.4BQQQ, SPY, VUG, VTV, JPM
Q1 2025 122$1.8BVUG, SPY, QQQ, VTV, ORSIX
Q4 2024Amended 123$2.1BVUG, QQQ, SPY, VTV, ORSIX
Q3 2024 119$1.5BQQQ, VUG, SPY, VTV, ORSIX
Q2 2024 123$1.4BQQQ, SPY, VUG, ORSIX, VTV
Q1 2024 131$1.5BQQQ, SPY, VUG, ORSIX, VTV