CSM Advisors, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), CSM Advisors, LLC reported 375 stock positions worth $3.4 billion. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 3.2% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 3.1%) and Vanguard Mrngstar GR ETF-Sui (VUG, 2.6%). Compared with Q1 2025, it opened 257 new positions, sold out of 4, added to 65 and reduced 29. The biggest buy was a new position in Duke Energy (DUK) and the biggest sale Vanguard Mrngstar GR ETF-Sui (VUG, shares −49%).

Most Recent 13F
Q2 2026
Location
WARRENDALE, PA
CIK
0001863523
Portfolio Value
$3.4B (Q2 2025)
SEC Filing
0001863523-25-000009 ↗ filed Aug 7, 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 Q4 2024 Q1 2025: $1.8B Q1 2025 Q2 2025: $3.4B $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 375 stocks · $3.4B
QQQ Invesco QQQ Trust Series 1 3.23% 200,316 $110.5M Reduce -34.6%
SPY SS SPDR S&P 500 ETF Trust-US 3.08% 170,629 $105.4M Reduce -34.1%
VUG Vanguard Mrngstar GR ETF-Sui 2.58% 201,387 $88.3M Reduce -49.3%
VTV Vanguard Mrngstr Val ETF-Aui 1.89% 366,983 $64.9M Reduce -49.3%
JPM JPMorgan Chase & Co. 1.84% 217,688 $63.1M Add +133.7%
GS Goldman Sachs Group Inc. 1.56% 75,292 $53.3M Add +134.8%
GOOGL Alphabet Inc. Class A 1.42% 275,042 $48.5M Add +553.6%
ORSIX NRTH SQ DYN SM Cap-I filed as NORTH SQ INVSTMNTS T 1.28% 3,023,309 $43.9M Reduce -50.3%
MSFT Microsoft Corp. 1.26% 87,091 $43.3M Add +4.2%
EZU iShares MSCI Eurozone ETF 1.25% 720,600 $42.8M Reduce -50.0%
CSCO Cisco Systems Inc. 1.22% 600,531 $41.7M Add +888.2%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 1.13% 425,015 $38.7M Add +1077.9%
DUK Duke Energy Corp. 1.13% 327,625 $38.7M New
VZ Verizon Communications Inc. 1.12% 885,566 $38.3M New
AAPL Apple Inc. 1.08% 180,955 $37.1M Add +4.2%
C Citigroup Inc. 1.08% 433,163 $36.9M New
XLF SS Financial Select Sector 1.05% 688,900 $36.1M Reduce -50.0%
HIG Hartford Insurance Group Inc. 1.03% 278,868 $35.4M New
CAT Caterpillar Inc. 1.01% 89,328 $34.7M Add +248.1%
CMI Cummins Inc. 0.99% 103,113 $33.8M New
ORCL Oracle Corp. 0.98% 153,883 $33.6M Add +63.7%
SYF Synchrony Financial 0.92% 470,324 $31.4M New
USB US Bancorp 0.91% 688,295 $31.1M New
INDA iShares MSCI India ETF 0.89% 544,586 $30.3M New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.88% 102,348 $30.2M New
EOG EOG Resources Inc. 0.88% 250,588 $30.0M Add +279.1%
AMZN Amazon.com Inc. 0.85% 132,799 $29.1M Add +1.1%
GOOG Alphabet Inc. Class C 0.82% 158,900 $28.2M Add +0.0%
VTWO Vanguard Russell 2000 ETF 0.82% 323,157 $28.2M Reduce -1.9%
IEI iShares 3-7 Year Treasury Bo 0.80% 229,600 $27.3M Reduce -49.4%
MO Altria Group Inc. 0.78% 455,414 $26.7M New
FOXA Fox Corp. Class A 0.75% 460,135 $25.8M New
SPG Simon Property Group Inc. 0.74% 158,245 $25.4M New
META Meta Platforms Inc. Class A 0.74% 34,279 $25.3M Add +3.3%
URI United Rentals Inc. 0.74% 33,427 $25.2M New
KR Kroger Co. 0.71% 339,313 $24.3M New
SHEL Shell PLC-ADR 0.69% 334,111 $23.5M New
DRI Darden Restaurants Inc. 0.67% 105,673 $23.0M New
DAL Delta Air Lines Inc. 0.66% 462,822 $22.8M New
MDT Medtronic PLC 0.64% 252,093 $22.0M New
QCOM Qualcomm Inc. 0.64% 137,579 $21.9M New
MOS The Mosaic Co. 0.63% 593,602 $21.7M New
AMP Ameriprise Financial Inc. 0.63% 40,403 $21.6M New
ADVGX North SQ Sel SM Cap-I 0.63% 1,676,190 $21.5M Reduce -50.4%
EBAY eBay Inc. 0.62% 285,924 $21.3M New
AVGO Broadcom Inc. 0.61% 76,280 $21.0M Add +1.1%
MPC Marathon Petroleum Corp. 0.61% 126,495 $21.0M Add +1.0%
GDX Vaneck Gold Miners ETF 0.61% 398,700 $20.8M Reduce -50.0%
PFE Pfizer Inc. 0.61% 855,380 $20.7M New
RTX RTX Corp. 0.60% 140,098 $20.5M New
NVDA Nvidia Corp. 0.58% 125,510 $19.8M Add +9.9%
JNJ Johnson & Johnson 0.57% 126,825 $19.4M New
WMT Walmart Inc. 0.56% 195,630 $19.1M Add +1.6%
EWC iShares MSCI Canada ETF 0.55% 411,135 $19.0M Add +666.5%
PYPL PayPal Holdings Inc. 0.55% 252,861 $18.8M Add +4.9%
DGX Quest Diagnostics Inc. 0.53% 101,747 $18.3M New
TMUS T-Mobile US Inc. 0.53% 76,022 $18.1M Add +2.3%
ABBV Abbvie Inc. 0.52% 96,667 $17.9M New
BMY Bristol-Myers Squibb Co. 0.52% 382,329 $17.7M New
VSS Vanguard Ftse All Wo X-US SC 0.50% 126,550 $17.0M Add +5285.1%
SCHC Schwab Intl Small-Cap Equity 0.49% 391,600 $16.7M New
VNQI Vanguard GLBL Ex-US Real Est 0.48% 357,400 $16.5M New
EXPE Expedia Group Inc. 0.47% 95,899 $16.2M Add +2.8%
CVX Chevron Corp. 0.46% 109,366 $15.7M Add +3.2%
AMTM Amentum Holdings Inc. 0.44% 633,048 $14.9M Reduce -0.8%
CI The Cigna Group 0.43% 44,245 $14.6M New
WPC WP Carey Inc. 0.42% 232,513 $14.5M New
ELV Elevance Health Inc. 0.41% 36,527 $14.2M New
DELL Dell Technologies -C 0.41% 115,581 $14.2M Add +0.4%
SPYM Ste STR SPDR PT S&P 500 ETF 0.41% 191,133 $13.9M Reduce -62.7%
CCEP Coca-Cola Europacific Partne 0.40% 149,311 $13.8M New
CG The Carlyle Group Inc. 0.40% 266,725 $13.7M Add +7.6%
CTRA Coterra Energy Inc. 0.40% 533,596 $13.5M New
COF Capital One Financial Corp. 0.39% 62,939 $13.4M New
HON Honeywell International Inc. 0.39% 56,807 $13.2M Add +1.3%
ABT Abbott Laboratories 0.38% 96,811 $13.2M Add +1.1%
NKMCX NRTH SQ Kennedy Microcap-I filed as NORTH SQUARE INVESTM 0.38% 1,063,362 $13.1M Reduce -38.2%
VEA Vanguard Ftse Developed ETF 0.38% 229,506 $13.1M No change
CRM Salesforce Inc. 0.38% 47,550 $13.0M Add +5.0%
AES AES Corp. 0.35% 1,135,596 $11.9M New
PENG Penguin Solutions Inc. 0.35% 601,512 $11.9M New
NEM Newmont Corp. 0.35% 204,209 $11.9M New
TSN Tyson Foods Inc. Class A 0.34% 208,786 $11.7M New
GTLS Chart Industries Inc. 0.34% 70,975 $11.7M Add +10.0%
DKS Dick's Sporting Goods Inc. 0.34% 58,592 $11.6M Add +5.1%
CB Chubb Ltd. 0.33% 39,282 $11.4M Reduce -0.7%
SRE Sempra 0.33% 149,705 $11.3M New
VOO Vanguard S&P 500 ETF 0.32% 19,564 $11.1M Add +1.6%
GSL Global Ship Lease Inc. Class A 0.32% 420,303 $11.1M New
GLPI Gaming and Leisure Propertie 0.32% 236,580 $11.0M Add +1.3%
WFC Wells Fargo & Co. 0.32% 136,477 $10.9M Add +0.6%
NUE Nucor Corp. 0.32% 84,355 $10.9M New
EMR Emerson Electric Co. 0.31% 80,418 $10.7M New
AMD Advanced Micro Devices 0.30% 72,440 $10.3M Add +1.1%
BKR Baker Hughes Co. 0.30% 267,367 $10.2M New
DOC Healthpeak Properties Inc. 0.30% 584,567 $10.2M New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.29% 81,342 $10.1M Add +1.6%
VXUS Vanguard Total Intl Stock 0.29% 145,145 $10.0M No change
SYY Sysco Corp. 0.29% 129,460 $9.8M Add +1.8%
T AT&T Inc. 0.28% 334,807 $9.7M Reduce -2.4%

Show all 375 holdings

Other holdings (2): bonds, preferreds, convertibles and warrants · $2.5M (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$436KNo change

Total filed on the 13F, all lines: $3.4B.

Portfolio Sells Q1 2025 → Q2 2025
VUG Vanguard Mrngstar GR ETF-Sui Reduce -49.3% 2.58% −5.47
VTV Vanguard Mrngstr Val ETF-Aui Reduce -49.3% 1.89% −4.94
SPY SS SPDR S&P 500 ETF Trust-US Reduce -34.1% 3.08% −4.83
QQQ Invesco QQQ Trust Series 1 Reduce -34.6% 3.23% −4.62
ORSIX NRTH SQ DYN SM Cap-I Reduce -50.3% 1.28% −3.29
HDV iShares Core High Dividend E Sold out 0.00% −3.06
EZU iShares MSCI Eurozone ETF Reduce -50.0% 1.25% −2.94
XLF SS Financial Select Sector Reduce -50.0% 1.05% −2.70
IEI iShares 3-7 Year Treasury Bo Reduce -49.4% 0.80% −2.13
ADVGX North SQ Sel SM Cap-I Reduce -50.4% 0.63% −1.57
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -62.7% 0.41% −1.43
GDX Vaneck Gold Miners ETF Reduce -50.0% 0.61% −1.40
SPDW Ste STR SPDR PT DW Eu ETF Reduce -80.0% 0.11% −0.84
NKMCX NRTH SQ Kennedy Microcap-I Reduce -38.2% 0.38% −0.67
VTWO Vanguard Russell 2000 ETF Reduce -1.9% 0.82% −0.63
DFS Discover Financial Services Sold out 0.00% −0.57
CB Chubb Ltd. Reduce -0.7% 0.33% −0.32
SPEM State Street SP PTF Em ETF Reduce -80.8% 0.04% −0.31
T AT&T Inc. Reduce -2.4% 0.28% −0.25
VB Vanguard Most SM-Cap ETF-Usd Reduce -1.8% 0.27% −0.21
AMTM Amentum Holdings Inc. Reduce -0.8% 0.44% −0.20
MAR Marriott International Class A Reduce -0.3% 0.28% −0.18
HUM Humana Inc. Reduce -0.2% 0.17% −0.18
GILD Gilead Sciences Inc. Reduce -1.3% 0.19% −0.17
SPSM SS SPDR P S&P 600 Small Cap Reduce -77.2% 0.02% −0.16
DXJ Wisdomtree Japan Hedged Eq Sold out 0.00% −0.15
IWM iShares Russell 2000 ETF Reduce -68.8% 0.03% −0.11
BIIB Biogen Inc. Reduce -1.4% 0.10% −0.11
VIG Vanguard Dividend Apprec ETF Reduce -3.6% 0.13% −0.11
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -2.0% 0.12% −0.10
SPGP Invesco S&P 500 Garp ETF Reduce -6.8% 0.06% −0.05
EFA iShares MSCI Eafe ETF Reduce -15.8% 0.04% −0.04
UNH Unitedhealth Group Inc. Sold out 0.00% −0.02

Portfolio Buys Q1 2025 → Q2 2025
DUK Duke Energy Corp. New 1.13% +1.13
VZ Verizon Communications Inc. New 1.12% +1.12
C Citigroup Inc. New 1.08% +1.08
GOOGL Alphabet Inc. Class A Add +553.6% 1.42% +1.06
HIG Hartford Insurance Group Inc. New 1.03% +1.03
CSCO Cisco Systems Inc. Add +888.2% 1.22% +1.01
CMI Cummins Inc. New 0.99% +0.99
BNY Bank of New York Mellon Corp. Add +1077.9% 1.13% +0.97
SYF Synchrony Financial New 0.92% +0.92
USB US Bancorp New 0.91% +0.91
INDA iShares MSCI India ETF New 0.89% +0.89
IBM Intl Business Machines Corp. New 0.88% +0.88
MO Altria Group Inc. New 0.78% +0.78
FOXA Fox Corp. Class A New 0.75% +0.75
SPG Simon Property Group Inc. New 0.74% +0.74
URI United Rentals Inc. New 0.74% +0.74
KR Kroger Co. New 0.71% +0.71
SHEL Shell PLC-ADR New 0.69% +0.69
DRI Darden Restaurants Inc. New 0.67% +0.67
DAL Delta Air Lines Inc. New 0.66% +0.66
MDT Medtronic PLC New 0.64% +0.64
QCOM Qualcomm Inc. New 0.64% +0.64
MOS The Mosaic Co. New 0.63% +0.63
AMP Ameriprise Financial Inc. New 0.63% +0.63
EBAY eBay Inc. New 0.62% +0.62
PFE Pfizer Inc. New 0.61% +0.61
GS Goldman Sachs Group Inc. Add +134.8% 1.56% +0.60
RTX RTX Corp. New 0.60% +0.60
JPM JPMorgan Chase & Co. Add +133.7% 1.84% +0.59
JNJ Johnson & Johnson New 0.57% +0.57
CAT Caterpillar Inc. Add +248.1% 1.01% +0.55
DGX Quest Diagnostics Inc. New 0.53% +0.53
ABBV Abbvie Inc. New 0.52% +0.52
BMY Bristol-Myers Squibb Co. New 0.52% +0.52
SCHC Schwab Intl Small-Cap Equity New 0.49% +0.49
VSS Vanguard Ftse All Wo X-US SC Add +5285.1% 0.50% +0.48
VNQI Vanguard GLBL Ex-US Real Est New 0.48% +0.48
EWC iShares MSCI Canada ETF Add +666.5% 0.55% +0.44
CI The Cigna Group New 0.43% +0.43
WPC WP Carey Inc. New 0.42% +0.42
ELV Elevance Health Inc. New 0.41% +0.41
EOG EOG Resources Inc. Add +279.1% 0.88% +0.41
CCEP Coca-Cola Europacific Partne New 0.40% +0.40
CTRA Coterra Energy Inc. New 0.40% +0.40
COF Capital One Financial Corp. New 0.39% +0.39
AES AES Corp. New 0.35% +0.35
PENG Penguin Solutions Inc. New 0.35% +0.35
NEM Newmont Corp. New 0.35% +0.35
TSN Tyson Foods Inc. Class A New 0.34% +0.34
SRE Sempra New 0.33% +0.33

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