CSM Advisors, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), CSM Advisors, LLC reported 401 stock positions worth $3.6 billion. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 3.3% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 3.2%) and Vanguard Mrngstar GR ETF-Sui (VUG, 2.7%). Compared with Q2 2025, it opened 52 new positions, sold out of 26, added to 163 and reduced 160. The biggest buy was Alphabet Class C (GOOG, shares +66%) and the biggest sale iShares MSCI India ETF (INDA, shares −88%).
- Most Recent 13F
- Q2 2026
- Location
- WARRENDALE, PA
- CIK
- 0001863523
- Portfolio Value
- $3.6B (Q3 2025)
- SEC Filing
- 0001863523-25-000010 ↗ filed Nov 14, 2025
Holdings Value
Holdings 401 stocks · $3.6B
| QQQ Invesco QQQ Trust Series 1 | 3.34% | 199,219 | $119.6M | Reduce -0.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.17% | 170,292 | $113.4M | Reduce -0.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.70% | 201,387 | $96.6M | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.91% | 366,983 | $68.4M | No change |
| GOOG Alphabet Inc. Class C | 1.80% | 264,334 | $64.4M | Add +66.3% |
| JPM JPMorgan Chase & Co. | 1.52% | 172,824 | $54.5M | Reduce -20.6% |
| USB US Bancorp | 1.41% | 1,046,933 | $50.6M | Add +52.1% |
| CMI Cummins Inc. | 1.38% | 116,761 | $49.3M | Add +13.2% |
| JNJ Johnson & Johnson | 1.28% | 246,707 | $45.7M | Add +94.5% |
| ORSIX NRTH SQ DYN SM Cap-I filed as NORTH SQ INVSTMNTS T | 1.27% | 2,840,968 | $45.4M | Reduce -6.0% |
| HIG Hartford Insurance Group Inc. | 1.25% | 336,336 | $44.9M | Add +20.6% |
| EZU iShares MSCI Eurozone ETF | 1.25% | 720,600 | $44.6M | No change |
| CVX Chevron Corp. | 1.23% | 283,538 | $44.0M | Add +159.3% |
| CSCO Cisco Systems Inc. | 1.22% | 636,912 | $43.6M | Add +6.1% |
| MSFT Microsoft Corp. | 1.14% | 78,613 | $40.7M | Reduce -9.7% |
| XLF SS Financial Select Sector | 1.04% | 688,900 | $37.1M | No change |
| C Citigroup Inc. | 1.03% | 363,707 | $36.9M | Reduce -16.0% |
| NVDA Nvidia Corp. | 1.03% | 197,105 | $36.8M | Add +57.0% |
| GS Goldman Sachs Group Inc. | 1.02% | 45,848 | $36.5M | Reduce -39.1% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 1.01% | 330,650 | $36.0M | Reduce -22.2% |
| AAPL Apple Inc. | 1.01% | 141,263 | $36.0M | Reduce -21.9% |
| EOG EOG Resources Inc. | 1.00% | 320,336 | $35.9M | Add +27.8% |
| DUK Duke Energy Corp. | 0.96% | 278,941 | $34.5M | Reduce -14.9% |
| CAT Caterpillar Inc. | 0.96% | 72,313 | $34.5M | Reduce -19.1% |
| MO Altria Group Inc. | 0.95% | 514,714 | $34.0M | Add +13.0% |
| QCOM Qualcomm Inc. | 0.93% | 200,049 | $33.3M | Add +45.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.90% | 113,666 | $32.1M | Add +11.1% |
| SYF Synchrony Financial | 0.89% | 448,629 | $31.9M | Reduce -4.6% |
| GDX Vaneck Gold Miners ETF | 0.85% | 398,700 | $30.5M | No change |
| VZ Verizon Communications Inc. | 0.85% | 689,964 | $30.3M | Reduce -22.1% |
| VTWO Vanguard Russell 2000 ETF | 0.84% | 308,876 | $30.2M | Reduce -4.4% |
| DAL Delta Air Lines Inc. | 0.83% | 523,502 | $29.7M | Add +13.1% |
| TMUS T-Mobile US Inc. | 0.83% | 123,378 | $29.5M | Add +62.3% |
| GOOGL Alphabet Inc. Class A | 0.82% | 121,403 | $29.5M | Reduce -55.9% |
| MDT Medtronic PLC | 0.76% | 285,260 | $27.2M | Add +13.2% |
| SHEL Shell PLC-ADR | 0.74% | 372,591 | $26.6M | Add +11.5% |
| AMP Ameriprise Financial Inc. | 0.74% | 53,596 | $26.3M | Add +32.6% |
| GM General Motors Co. | 0.70% | 412,859 | $25.2M | New |
| URI United Rentals Inc. | 0.68% | 25,444 | $24.3M | Reduce -23.9% |
| ADVGX North SQ Sel SM Cap-I | 0.68% | 1,676,190 | $24.2M | No change |
| FOXA Fox Corp. Class A | 0.67% | 381,955 | $24.1M | Reduce -17.0% |
| LOW Lowe's Cos Inc. | 0.67% | 95,113 | $23.9M | New |
| ABBV Abbvie Inc. | 0.65% | 99,838 | $23.1M | Add +3.3% |
| RTX RTX Corp. | 0.64% | 136,934 | $22.9M | Reduce -2.3% |
| IEI iShares 3-7 Year Treasury Bo | 0.63% | 189,900 | $22.7M | Reduce -17.3% |
| CCEP Coca-Cola Europacific Partne | 0.60% | 237,567 | $21.5M | Add +59.1% |
| CG The Carlyle Group Inc. | 0.59% | 339,003 | $21.3M | Add +27.1% |
| EWC iShares MSCI Canada ETF | 0.59% | 418,049 | $21.1M | Add +1.7% |
| CI The Cigna Group | 0.57% | 71,099 | $20.5M | Add +60.7% |
| EXE Expand Energy Corp. | 0.56% | 189,187 | $20.1M | New |
| MOS The Mosaic Co. | 0.56% | 578,513 | $20.1M | Reduce -2.5% |
| AMZN Amazon.com Inc. | 0.55% | 89,714 | $19.7M | Reduce -32.4% |
| APTV Aptiv PLC | 0.54% | 224,290 | $19.3M | New |
| META Meta Platforms Inc. Class A | 0.54% | 26,216 | $19.3M | Reduce -23.5% |
| SPG Simon Property Group Inc. | 0.53% | 101,381 | $19.0M | Reduce -35.9% |
| NXPI NXP Semiconductors NV | 0.51% | 80,658 | $18.4M | New |
| SNY Sanofi-ADR | 0.51% | 386,534 | $18.2M | New |
| VSS Vanguard Ftse All Wo X-US SC | 0.50% | 126,550 | $18.0M | No change |
| SCHC Schwab Intl Small-Cap Equity | 0.50% | 391,600 | $17.8M | No change |
| AVGO Broadcom Inc. | 0.50% | 53,966 | $17.8M | Reduce -29.3% |
| AES AES Corp. | 0.48% | 1,305,409 | $17.2M | Add +14.9% |
| PFE Pfizer Inc. | 0.48% | 670,026 | $17.1M | Reduce -21.7% |
| VNQI Vanguard GLBL Ex-US Real Est | 0.48% | 357,400 | $17.1M | No change |
| ZM Zoom Communications Inc. | 0.46% | 199,192 | $16.4M | New |
| DGX Quest Diagnostics Inc. | 0.44% | 81,669 | $15.6M | Reduce -19.7% |
| VEA Vanguard Ftse Developed ETF | 0.42% | 253,668 | $15.2M | Add +10.5% |
| NUE Nucor Corp. | 0.41% | 109,317 | $14.8M | Add +29.6% |
| NKMCX NRTH SQ Kennedy Microcap-I filed as NORTH SQUARE INVESTM | 0.41% | 1,063,362 | $14.5M | No change |
| WPC WP Carey Inc. | 0.40% | 211,089 | $14.3M | Reduce -9.2% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.40% | 435,771 | $14.2M | New |
| DG Dollar General Corp. | 0.39% | 136,548 | $14.1M | New |
| LNC Lincoln National Corp. | 0.38% | 334,254 | $13.5M | New |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.37% | 169,677 | $13.3M | Reduce -11.2% |
| GSL Global Ship Lease Inc. Class A | 0.37% | 432,919 | $13.3M | Add +3.0% |
| TSN Tyson Foods Inc. Class A | 0.36% | 236,628 | $12.8M | Add +13.3% |
| HCSG Healthcare Services Group | 0.36% | 762,197 | $12.8M | Add +29.2% |
| VOO Vanguard S&P 500 ETF | 0.36% | 20,819 | $12.7M | Add +6.4% |
| VXUS Vanguard Total Intl Stock | 0.34% | 165,002 | $12.1M | Add +13.7% |
| EMR Emerson Electric Co. | 0.33% | 90,724 | $11.9M | Add +12.8% |
| KR Kroger Co. | 0.33% | 173,905 | $11.7M | Reduce -48.8% |
| PENG Penguin Solutions Inc. | 0.31% | 417,205 | $11.0M | Reduce -30.6% |
| NEM Newmont Corp. | 0.29% | 124,268 | $10.5M | Reduce -39.1% |
| EBAY eBay Inc. | 0.29% | 112,718 | $10.3M | Reduce -60.6% |
| HWC Hancock Whitney Corp. | 0.28% | 158,719 | $9.9M | Add +9.8% |
| EFV iShares MSCI Eafe Value ETF | 0.27% | 143,271 | $9.7M | Add +13.3% |
| CUZ Cousins Properties Inc. | 0.27% | 333,650 | $9.7M | Add +10.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.27% | 37,904 | $9.6M | Reduce -4.0% |
| WCPRF Whitecap Resources Inc. | 0.26% | 1,209,102 | $9.2M | Add +10.0% |
| OFG Ofg Bancorp | 0.26% | 211,589 | $9.2M | Add +10.0% |
| CENX Century Aluminum Company | 0.24% | 298,204 | $8.8M | Add +13.8% |
| CVLG Covenant Logistics Group Inc. | 0.24% | 403,484 | $8.7M | Add +2.9% |
| CASH Pathward Financial Inc. | 0.24% | 117,612 | $8.7M | Add +10.0% |
| GILT Gilat Satellite Networks Ltd. | 0.24% | 665,225 | $8.7M | Reduce -24.1% |
| APEI American Public Education | 0.24% | 217,730 | $8.6M | Reduce -1.4% |
| KN Knowles Corp. | 0.24% | 365,890 | $8.5M | Add +7.9% |
| ORCL Oracle Corp. | 0.24% | 30,317 | $8.5M | Reduce -80.3% |
| LLY Eli Lilly & Co. | 0.23% | 10,974 | $8.4M | Add +918.9% |
| SNEX Stonex Group Inc. | 0.23% | 82,239 | $8.3M | Reduce -13.5% |
| CATY Cathay General Bancorp | 0.23% | 170,906 | $8.2M | Add +10.0% |
| MPC Marathon Petroleum Corp. | 0.22% | 41,367 | $8.0M | Reduce -67.3% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $235K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| STATE STREET CORP (STT V5.35 PERP G) | Common Stock | 10,100 | $235K | Reduce -49.8% |
Total filed on the 13F, all lines: $3.6B.
Portfolio Sells Q2 2025 → Q3 2025
| INDA iShares MSCI India ETF | Reduce -88.1% | 0.09% | −0.79 |
| ORCL Oracle Corp. | Reduce -80.3% | 0.24% | −0.74 |
| DRI Darden Restaurants Inc. | Sold out | 0.00% | −0.67 |
| GOOGL Alphabet Inc. Class A | Reduce -55.9% | 0.82% | −0.59 |
| GS Goldman Sachs Group Inc. | Reduce -39.1% | 1.02% | −0.53 |
| BMY Bristol-Myers Squibb Co. | Reduce -98.7% | 0.01% | −0.51 |
| WMT Walmart Inc. | Reduce -84.0% | 0.09% | −0.47 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.41 |
| PYPL PayPal Holdings Inc. | Reduce -67.2% | 0.16% | −0.39 |
| MPC Marathon Petroleum Corp. | Reduce -67.3% | 0.22% | −0.39 |
| KR Kroger Co. | Reduce -48.8% | 0.33% | −0.38 |
| CTRA Coterra Energy Inc. | Reduce -95.0% | 0.02% | −0.38 |
| EBAY eBay Inc. | Reduce -60.6% | 0.29% | −0.33 |
| SRE Sempra | Sold out | 0.00% | −0.33 |
| JPM JPMorgan Chase & Co. | Reduce -20.6% | 1.52% | −0.32 |
| AMTM Amentum Holdings Inc. | Reduce -68.0% | 0.14% | −0.30 |
| AMZN Amazon.com Inc. | Reduce -32.4% | 0.55% | −0.30 |
| BKR Baker Hughes Co. | Sold out | 0.00% | −0.30 |
| DOC Healthpeak Properties Inc. | Reduce -97.6% | 0.01% | −0.29 |
| CRM Salesforce Inc. | Reduce -69.1% | 0.10% | −0.28 |
| HON Honeywell International Inc. | Reduce -68.4% | 0.11% | −0.28 |
| EXPE Expedia Group Inc. | Reduce -65.5% | 0.20% | −0.27 |
| DELL Dell Technologies -C | Reduce -69.2% | 0.14% | −0.27 |
| VZ Verizon Communications Inc. | Reduce -22.1% | 0.85% | −0.27 |
| ABT Abbott Laboratories | Reduce -67.3% | 0.12% | −0.27 |
| COF Capital One Financial Corp. | Reduce -64.6% | 0.13% | −0.26 |
| CNC Centene Corp. | Sold out | 0.00% | −0.24 |
| CB Chubb Ltd. | Reduce -66.7% | 0.10% | −0.23 |
| AMD Advanced Micro Devices | Reduce -74.5% | 0.08% | −0.22 |
| DKS Dick's Sporting Goods Inc. | Reduce -66.1% | 0.12% | −0.21 |
| GLPI Gaming and Leisure Propertie | Reduce -64.3% | 0.11% | −0.21 |
| GTLS Chart Industries Inc. | Reduce -67.5% | 0.13% | −0.21 |
| SPG Simon Property Group Inc. | Reduce -35.9% | 0.53% | −0.21 |
| MAR Marriott International Class A | Reduce -72.1% | 0.07% | −0.21 |
| DIS The Walt Disney Co. | Reduce -66.3% | 0.09% | −0.21 |
| WFC Wells Fargo & Co. | Reduce -64.7% | 0.11% | −0.21 |
| META Meta Platforms Inc. Class A | Reduce -23.5% | 0.54% | −0.20 |
| NTAP Netapp Inc. | Sold out | 0.00% | −0.20 |
| T AT&T Inc. | Reduce -65.9% | 0.09% | −0.19 |
| DOV Dover Corp. | Reduce -66.9% | 0.08% | −0.19 |
| SYY Sysco Corp. | Reduce -62.8% | 0.11% | −0.18 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -17.3% | 0.63% | −0.16 |
| DUK Duke Energy Corp. | Reduce -14.9% | 0.96% | −0.16 |
| DE Deere & Co. | Reduce -68.7% | 0.06% | −0.16 |
| CF CF Industries Holdings Inc. | Reduce -67.4% | 0.07% | −0.16 |
| J Jacobs Solutions Inc. | Reduce -65.1% | 0.10% | −0.15 |
| CECO Ceco Environmental Corp. | Sold out | 0.00% | −0.15 |
| GT Goodyear Tire & Rubber Co. | Reduce -51.7% | 0.08% | −0.15 |
| POR Portland General Electric Co. | Reduce -86.6% | 0.02% | −0.15 |
| PEG Public Service Enterprise GP | Reduce -66.3% | 0.07% | −0.15 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOG Alphabet Inc. Class C | Add +66.3% | 1.80% | +0.98 |
| CVX Chevron Corp. | Add +159.3% | 1.23% | +0.77 |
| JNJ Johnson & Johnson | Add +94.5% | 1.28% | +0.71 |
| GM General Motors Co. | New | 0.70% | +0.70 |
| LOW Lowe's Cos Inc. | New | 0.67% | +0.67 |
| EXE Expand Energy Corp. | New | 0.56% | +0.56 |
| APTV Aptiv PLC | New | 0.54% | +0.54 |
| NXPI NXP Semiconductors NV | New | 0.51% | +0.51 |
| SNY Sanofi-ADR | New | 0.51% | +0.51 |
| USB US Bancorp | Add +52.1% | 1.41% | +0.51 |
| ZM Zoom Communications Inc. | New | 0.46% | +0.46 |
| NVDA Nvidia Corp. | Add +57.0% | 1.03% | +0.45 |
| VICI Vici Properties Inc. | New | 0.40% | +0.40 |
| DG Dollar General Corp. | New | 0.39% | +0.39 |
| CMI Cummins Inc. | Add +13.2% | 1.38% | +0.39 |
| LNC Lincoln National Corp. | New | 0.38% | +0.38 |
| TMUS T-Mobile US Inc. | Add +62.3% | 0.83% | +0.30 |
| QCOM Qualcomm Inc. | Add +45.4% | 0.93% | +0.29 |
| HIG Hartford Insurance Group Inc. | Add +20.6% | 1.25% | +0.22 |
| LLY Eli Lilly & Co. | Add +918.9% | 0.23% | +0.21 |
| CCEP Coca-Cola Europacific Partne | Add +59.1% | 0.60% | +0.20 |
| CG The Carlyle Group Inc. | Add +27.1% | 0.59% | +0.19 |
| MO Altria Group Inc. | Add +13.0% | 0.95% | +0.17 |
| DAL Delta Air Lines Inc. | Add +13.1% | 0.83% | +0.17 |
| TSLA Tesla Inc. | Add +798.1% | 0.17% | +0.16 |
| CI The Cigna Group | Add +60.7% | 0.57% | +0.15 |
| ROCK Gibraltar Industries Inc. | New | 0.14% | +0.14 |
| CRNT Ceragon Networks Ltd. | New | 0.13% | +0.13 |
| AES AES Corp. | Add +14.9% | 0.48% | +0.13 |
| EOG EOG Resources Inc. | Add +27.8% | 1.00% | +0.13 |
| MTUS Metallus Inc. | New | 0.12% | +0.12 |
| ABBV Abbvie Inc. | Add +3.3% | 0.65% | +0.12 |
| GPOR Gulfport Energy Corp. | New | 0.12% | +0.12 |
| MDT Medtronic PLC | Add +13.2% | 0.76% | +0.12 |
| NFLX Netflix Inc. | Add +878.1% | 0.13% | +0.11 |
| V Visa Inc. Class A | Add +888.0% | 0.13% | +0.11 |
| LZB La-Z-Boy Inc. | New | 0.11% | +0.11 |
| CENX Century Aluminum Company | Add +13.8% | 0.24% | +0.11 |
| AMP Ameriprise Financial Inc. | Add +32.6% | 0.74% | +0.11 |
| TALO Talos Energy Inc. | New | 0.11% | +0.11 |
| HCSG Healthcare Services Group | Add +29.2% | 0.36% | +0.10 |
| VBNK Versabank | New | 0.10% | +0.10 |
| NUE Nucor Corp. | Add +29.6% | 0.41% | +0.09 |
| MA Mastercard Inc. Class A | Add +882.5% | 0.10% | +0.09 |
| MYE Myers Industries Inc. | New | 0.09% | +0.09 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +75.4% | 0.20% | +0.09 |
| AEBI Aebi Schmidt Holding AG | Add +143.3% | 0.15% | +0.09 |
| SBH Sally Beauty Holdings Inc. | Add +0.1% | 0.21% | +0.09 |
| ORLY O'reilly Automotive Inc. | Add +779.3% | 0.10% | +0.09 |
| SIGA Siga Technologies Inc. | Add +66.5% | 0.15% | +0.08 |
Notes & Other Activity Q2 2025 → Q3 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Sold out | 1,750 | $2.1Mbefore exit |
| STATE STREET CORP (STT V5.35 PERP G) | Common Stock | Reduce -49.8% | 10,100 | $235K |
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 | 406 | $4.7B | AAPL, NVDA, AMZN, SPY, GOOGL |
| Q1 2026 | 407 | $4.1B | NVDA, AAPL, MSFT, QQQ, VUG |
| Q4 2025 | 399 | $3.7B | QQQ, VUG, SPY, VTV, GOOG |
| Q3 2025 | 401 | $3.6B | QQQ, SPY, VUG, VTV, GOOG |
| Q2 2025 | 375 | $3.4B | QQQ, SPY, VUG, VTV, JPM |
| Q1 2025 | 122 | $1.8B | VUG, SPY, QQQ, VTV, ORSIX |
| Q4 2024Amended | 123 | $2.1B | VUG, QQQ, SPY, VTV, ORSIX |
| Q3 2024 | 119 | $1.5B | QQQ, VUG, SPY, VTV, ORSIX |
| Q2 2024 | 123 | $1.4B | QQQ, SPY, VUG, ORSIX, VTV |
| Q1 2024 | 131 | $1.5B | QQQ, SPY, VUG, ORSIX, VTV |