Ellenbecker Investment Group
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 11, 2024), Ellenbecker Investment Group reported 116 stock positions worth $496.5 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 42.1% of the portfolio, followed by Vanguard Most SM-Cap ETF-Usd (VB, 10.9%) and iShares Core U.S. Aggregate (AGG, 6.1%). Compared with Q1 2024, it opened 14 new positions, sold out of 2, added to 54 and reduced 39. The biggest buy was iShares Russell 1000 Growth (IWF, shares +5%) and the biggest sale iShares Core US REIT ETF (USRT, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- WAUKESHA, WI
- CIK
- 0001731497
- Portfolio Value
- $496.5M (Q2 2024)
- SEC Filing
- 0001731497-24-000003 ↗ filed Jul 11, 2024
Holdings Value
Holdings 116 stocks · $496.5M
| IVV iShares Core S&P 500 ETF | 42.09% | 381,898 | $209.0M | Add +0.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 10.90% | 248,183 | $54.1M | Add +2.5% |
| AGG iShares Core U.S. Aggregate | 6.14% | 313,818 | $30.5M | Add +2.1% |
| IWF iShares Russell 1000 Growth | 5.24% | 71,338 | $26.0M | Add +4.9% |
| VEA Vanguard Ftse Developed ETF | 3.70% | 371,850 | $18.4M | Add +5.6% |
| IJR iShares Core S&P Small-Cap E | 2.74% | 127,319 | $13.6M | Add +0.5% |
| USRT iShares Core US REIT ETF | 2.23% | 206,930 | $11.1M | Reduce -9.6% |
| VWO Vanguard Ftse Emerging Marke | 1.98% | 224,623 | $9.8M | Add +4.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.90% | 17,293 | $9.4M | Add +3.3% |
| AAPL Apple Inc. | 1.56% | 36,816 | $7.8M | Add +0.4% |
| AOA iShares Core 80/20 Aggressiv | 1.12% | 74,097 | $5.5M | Add +16.7% |
| IWD iShares Russell 1000 Value E | 1.11% | 31,459 | $5.5M | Add +7.3% |
| MSFT Microsoft Corp. | 1.00% | 11,090 | $5.0M | Add +4.2% |
| UCON First Trust Smith Unconstrai | 0.89% | 181,026 | $4.4M | Add +8.2% |
| AOR iShares Core 60/40 Balanced | 0.81% | 71,769 | $4.0M | Add +5.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.77% | 15,871 | $3.8M | Reduce -0.8% |
| BND Vanguard Total Bond Market | 0.76% | 52,088 | $3.8M | Add +12.5% |
| SCHP Schwab U.S. Tips ETF | 0.68% | 64,589 | $3.4M | Reduce -2.5% |
| FISV Fiserv Inc. | 0.60% | 20,132 | $3.0M | No change |
| NVDA Nvidia Corp. | 0.57% | 22,843 | $2.8M | Add +0.3% |
| SCHD Schwab US DVD Equity ETF | 0.53% | 34,149 | $2.7M | Add +14.8% |
| PM Philip Morris International | 0.52% | 25,542 | $2.6M | Reduce -4.0% |
| PULS Pgim Ultra Short Bond ETF | 0.48% | 47,548 | $2.4M | Reduce -0.4% |
| UNH Unitedhealth Group Inc. | 0.44% | 4,302 | $2.2M | Add +3.4% |
| IWR iShares Russell Mid-Cap ETF | 0.43% | 26,550 | $2.2M | Add +0.2% |
| SDY SS SPDR S&P Dividend ETF | 0.41% | 15,933 | $2.0M | Reduce -0.7% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.39% | 7,770 | $1.9M | Add +7.4% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.37% | 23,635 | $1.8M | Add +1.5% |
| MO Altria Group Inc. | 0.35% | 38,551 | $1.8M | Reduce -3.2% |
| AOM iShares Core 40/60 Moderate | 0.33% | 37,962 | $1.6M | Add +38.9% |
| AMZN Amazon.com Inc. | 0.31% | 7,855 | $1.5M | Reduce -1.7% |
| WEC WEC Energy Group Inc. | 0.30% | 18,675 | $1.5M | Add +1.8% |
| HON Honeywell International Inc. | 0.28% | 6,474 | $1.4M | Add +10.9% |
| IWM iShares Russell 2000 ETF | 0.24% | 5,990 | $1.2M | Add +0.2% |
| TIP iShares Tips Bond ETF | 0.24% | 11,073 | $1.2M | Reduce -5.8% |
| PEP Pepsico Inc. | 0.23% | 6,783 | $1.1M | Add +0.3% |
| VEU Vanguard Ftse All-World Ex-U | 0.22% | 19,040 | $1.1M | Add +6.6% |
| ETN Eaton Corp. PLC | 0.22% | 3,465 | $1.1M | Reduce -2.5% |
| ABBV Abbvie Inc. | 0.21% | 6,061 | $1.0M | Add +1.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.21% | 2,524 | $1.0M | Reduce -0.6% |
| XOM Exxon Mobil Corp. | 0.20% | 8,580 | $988K | Add +0.7% |
| HD Home Depot Inc. | 0.19% | 2,749 | $946K | Add +4.0% |
| WMT Walmart Inc. | 0.18% | 13,413 | $908K | Add +0.0% |
| MRK Merck & Co. Inc. | 0.18% | 7,299 | $904K | Add +17.6% |
| SYY Sysco Corp. | 0.18% | 12,282 | $877K | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.17% | 11,762 | $854K | Add +0.1% |
| DGRO iShares Core Dividend Growth | 0.16% | 13,883 | $800K | Add +106.2% |
| DFIV Dimensional International Va | 0.16% | 21,711 | $780K | Reduce -26.4% |
| RLY SS Multi-Asset Real Ret ETF | 0.15% | 27,703 | $765K | Reduce -1.6% |
| EPD Enterprise Products Partners | 0.15% | 24,873 | $721K | Reduce -6.5% |
| GOOG Alphabet Inc. Class C | 0.14% | 3,737 | $686K | Reduce -2.7% |
| JNJ Johnson & Johnson | 0.13% | 4,461 | $652K | Reduce -11.1% |
| CVX Chevron Corp. | 0.13% | 4,103 | $642K | Reduce -5.6% |
| V Visa Inc. Class A | 0.12% | 2,305 | $605K | Add +18.1% |
| ABT Abbott Laboratories | 0.12% | 5,574 | $579K | Add +73.6% |
| ROK Rockwell Automation Inc. | 0.11% | 1,979 | $545K | Reduce -0.5% |
| MUB iShares National Muni Bond E | 0.11% | 5,113 | $545K | Add +10.7% |
| TSLA Tesla Inc. | 0.11% | 2,693 | $533K | Reduce -0.3% |
| BMI Badger Meter Inc. | 0.10% | 2,798 | $521K | Add +0.1% |
| META Meta Platforms Inc. Class A | 0.10% | 1,027 | $518K | Reduce -7.1% |
| AVGO Broadcom Inc. | 0.10% | 316 | $509K | Add +79.5% |
| MAR Marriott International Class A | 0.10% | 2,013 | $487K | Add +0.3% |
| MCD McDonald's Corp. | 0.10% | 1,892 | $482K | Reduce -8.0% |
| CEG Constellation Energy | 0.10% | 2,398 | $480K | Add +1.8% |
| LNT Alliant Energy Corp. | 0.09% | 9,093 | $463K | Add +5.0% |
| MTG Mgic Investment Corp. | 0.09% | 21,159 | $456K | New |
| COST Costco Wholesale Corp. | 0.09% | 527 | $448K | Add +0.2% |
| KLAC KLA Corp. | 0.09% | 534 | $440K | New |
| DFAS Dimensional US Small Cap ETF | 0.09% | 7,325 | $440K | Reduce -2.6% |
| KO The Coca-Cola Co. | 0.09% | 6,768 | $431K | Reduce -2.5% |
| ADI Analog Devices Inc. | 0.08% | 1,796 | $410K | Add +70.2% |
| UNP Union Pacific Corp. | 0.08% | 1,775 | $402K | Add +0.2% |
| LLY Eli Lilly & Co. | 0.08% | 432 | $391K | Add +49.0% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.08% | 7,457 | $382K | Reduce -17.8% |
| TMO Thermo Fisher Scientific Inc. | 0.08% | 688 | $381K | Reduce -3.5% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.08% | 4,505 | $378K | No change |
| MDLZ Mondelez International Inc. Class A | 0.07% | 5,656 | $370K | Reduce -1.7% |
| COP Conocophillips | 0.07% | 3,208 | $367K | Add +27.8% |
| LOW Lowe's Cos Inc. | 0.07% | 1,638 | $361K | Add +41.8% |
| PG The Procter & Gamble Co. | 0.07% | 2,156 | $356K | Reduce -11.2% |
| GOOGL Alphabet Inc. Class A | 0.07% | 1,921 | $350K | Reduce -0.3% |
| SCHX Schwab US Large-Cap ETF | 0.07% | 5,409 | $348K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.07% | 2,003 | $346K | Reduce -3.1% |
| FIS Fidelity National Info Serv | 0.07% | 4,553 | $343K | Add +0.3% |
| PFE Pfizer Inc. | 0.07% | 12,203 | $341K | Reduce -6.7% |
| RTX RTX Corp. | 0.07% | 3,322 | $334K | Add +40.6% |
| USB US Bancorp | 0.07% | 8,370 | $332K | Reduce -4.2% |
| NFLX Netflix Inc. | 0.06% | 461 | $311K | No change |
| KMI Kinder Morgan Inc. | 0.06% | 15,387 | $306K | No change |
| CAT Caterpillar Inc. | 0.06% | 912 | $304K | Reduce -5.3% |
| T AT&T Inc. | 0.06% | 15,735 | $301K | Add +2.5% |
| LIN Linde PLC | 0.06% | 629 | $276K | New |
| WY Weyerhaeuser Co. | 0.05% | 9,600 | $273K | No change |
| SYK Stryker Corp. | 0.05% | 776 | $264K | New |
| SNV Synovus Financial Corp. | 0.05% | 6,551 | $263K | Add +1.0% |
| AXON Axon Enterprise Inc. | 0.05% | 887 | $261K | No change |
| IVW iShares S&P 500 Growth ETF | 0.05% | 2,768 | $256K | Reduce -17.2% |
| WFC Wells Fargo & Co. | 0.05% | 4,254 | $253K | Reduce -7.0% |
| XVV iShares ESG Select Screened | 0.05% | 5,941 | $250K | Add +0.6% |
| DFAT Dimensional US Target Value | 0.05% | 4,719 | $245K | Reduce -3.6% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $433K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| JPMORGAN CHASE & CO (JPM 5.45 PERP P) | PFD | 2,138 | $433K | Add +0.4% |
Total filed on the 13F, all lines: $496.9M.
Portfolio Sells Q1 2024 → Q2 2024
| USRT iShares Core US REIT ETF | Reduce -9.6% | 2.23% | −0.36 |
| DFIV Dimensional International Va | Reduce -26.4% | 0.16% | −0.07 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.8% | 0.77% | −0.07 |
| SCHP Schwab U.S. Tips ETF | Reduce -2.5% | 0.68% | −0.05 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.05 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.05 |
| JNJ Johnson & Johnson | Reduce -11.1% | 0.13% | −0.04 |
| SDY SS SPDR S&P Dividend ETF | Reduce -0.7% | 0.41% | −0.03 |
| TIP iShares Tips Bond ETF | Reduce -5.8% | 0.24% | −0.03 |
| MCD McDonald's Corp. | Reduce -8.0% | 0.10% | −0.02 |
| PULS Pgim Ultra Short Bond ETF | Reduce -0.4% | 0.48% | −0.02 |
| IGIB iShares 5-10Y Inv Grade Corp. | Reduce -17.8% | 0.08% | −0.02 |
| EPD Enterprise Products Partners | Reduce -6.5% | 0.15% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.6% | 0.21% | −0.02 |
| USB US Bancorp | Reduce -4.2% | 0.07% | −0.02 |
| CVX Chevron Corp. | Reduce -5.6% | 0.13% | −0.01 |
| ETN Eaton Corp. PLC | Reduce -2.5% | 0.22% | −0.01 |
| IBM Intl Business Machines Corp. | Reduce -3.1% | 0.07% | −0.01 |
| CAT Caterpillar Inc. | Reduce -5.3% | 0.06% | −0.01 |
| ROK Rockwell Automation Inc. | Reduce -0.5% | 0.11% | −0.01 |
| MO Altria Group Inc. | Reduce -3.2% | 0.35% | −0.01 |
| RLY SS Multi-Asset Real Ret ETF | Reduce -1.6% | 0.15% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -11.2% | 0.07% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -3.5% | 0.08% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.7% | 0.07% | −0.01 |
| DFAS Dimensional US Small Cap ETF | Reduce -2.6% | 0.09% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -7.1% | 0.10% | −0.01 |
| IVW iShares S&P 500 Growth ETF | Reduce -17.2% | 0.05% | −0.01 |
| PFE Pfizer Inc. | Reduce -6.7% | 0.07% | −0.01 |
| EXC Exelon Corp. | Reduce -1.1% | 0.05% | −0.01 |
| DFAT Dimensional US Target Value | Reduce -3.6% | 0.05% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -7.0% | 0.05% | −0.00 |
| KO The Coca-Cola Co. | Reduce -2.5% | 0.09% | −0.00 |
| SCHB Schwab US Broad Market ETF | Reduce -3.9% | 0.05% | −0.00 |
| JCI Johnson Controls Internation | Reduce -2.2% | 0.05% | −0.00 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.5% | 0.05% | −0.00 |
| AMZN Amazon.com Inc. | Reduce -1.7% | 0.31% | +0.00 |
| TSLA Tesla Inc. | Reduce -0.3% | 0.11% | +0.01 |
| PM Philip Morris International | Reduce -4.0% | 0.52% | +0.01 |
| GOOGL Alphabet Inc. Class A | Reduce -0.3% | 0.07% | +0.01 |
| GOOG Alphabet Inc. Class C | Reduce -2.7% | 0.14% | +0.02 |
Portfolio Buys Q1 2024 → Q2 2024
| IWF iShares Russell 1000 Growth | Add +4.9% | 5.24% | +0.42 |
| AAPL Apple Inc. | Add +0.4% | 1.56% | +0.24 |
| NVDA Nvidia Corp. | Add +0.3% | 0.57% | +0.14 |
| AOA iShares Core 80/20 Aggressiv | Add +16.7% | 1.12% | +0.14 |
| VWO Vanguard Ftse Emerging Marke | Add +4.7% | 1.98% | +0.10 |
| MTG Mgic Investment Corp. | New | 0.09% | +0.09 |
| KLAC KLA Corp. | New | 0.09% | +0.09 |
| AOM iShares Core 40/60 Moderate | Add +38.9% | 0.33% | +0.08 |
| DGRO iShares Core Dividend Growth | Add +106.2% | 0.16% | +0.08 |
| MSFT Microsoft Corp. | Add +4.2% | 1.00% | +0.06 |
| LIN Linde PLC | New | 0.06% | +0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +3.3% | 1.90% | +0.05 |
| AVGO Broadcom Inc. | Add +79.5% | 0.10% | +0.05 |
| SYK Stryker Corp. | New | 0.05% | +0.05 |
| BND Vanguard Total Bond Market | Add +12.5% | 0.76% | +0.05 |
| AOK iShares Core 30/70 Conservat | New | 0.05% | +0.05 |
| ACN Accenture PLC Class A | New | 0.05% | +0.05 |
| AMAT Applied Materials Inc. | New | 0.05% | +0.05 |
| TXN Texas Instruments Inc. | New | 0.05% | +0.05 |
| MA Mastercard Inc. Class A | New | 0.05% | +0.05 |
| DE Deere & Co. | New | 0.05% | +0.05 |
| TEL Te Connectivity Ltd. | New | 0.04% | +0.04 |
| CMCSA Comcast Corp. Class A | New | 0.04% | +0.04 |
| ORCL Oracle Corp. | New | 0.04% | +0.04 |
| QCOM Qualcomm Inc. | New | 0.04% | +0.04 |
| ABT Abbott Laboratories | Add +73.6% | 0.12% | +0.04 |
| ADI Analog Devices Inc. | Add +70.2% | 0.08% | +0.04 |
| LLY Eli Lilly & Co. | Add +49.0% | 0.08% | +0.03 |
| SCHD Schwab US DVD Equity ETF | Add +14.8% | 0.53% | +0.03 |
| UCON First Trust Smith Unconstrai | Add +8.2% | 0.89% | +0.03 |
| HON Honeywell International Inc. | Add +10.9% | 0.28% | +0.03 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +7.4% | 0.39% | +0.03 |
| RTX RTX Corp. | Add +40.6% | 0.07% | +0.02 |
| AOR iShares Core 60/40 Balanced | Add +5.5% | 0.81% | +0.02 |
| WMT Walmart Inc. | Add +0.0% | 0.18% | +0.01 |
| LOW Lowe's Cos Inc. | Add +41.8% | 0.07% | +0.01 |
| BMI Badger Meter Inc. | Add +0.1% | 0.10% | +0.01 |
| MRK Merck & Co. Inc. | Add +17.6% | 0.18% | +0.01 |
| COST Costco Wholesale Corp. | Add +0.2% | 0.09% | +0.01 |
| UNH Unitedhealth Group Inc. | Add +3.4% | 0.44% | +0.01 |
| V Visa Inc. Class A | Add +18.1% | 0.12% | +0.01 |
| COP Conocophillips | Add +27.8% | 0.07% | +0.01 |
| MUB iShares National Muni Bond E | Add +10.7% | 0.11% | +0.01 |
| CEG Constellation Energy | Add +1.8% | 0.10% | +0.01 |
| VEU Vanguard Ftse All-World Ex-U | Add +6.6% | 0.22% | +0.00 |
| T AT&T Inc. | Add +2.5% | 0.06% | +0.00 |
| IWD iShares Russell 1000 Value E | Add +7.3% | 1.11% | +0.00 |
| LNT Alliant Energy Corp. | Add +5.0% | 0.09% | +0.00 |
| XVV iShares ESG Select Screened | Add +0.6% | 0.05% | +0.00 |
| APG Api Group Corp. | Add +8.3% | 0.04% | −0.00 |
Notes & Other Activity Q1 2024 → Q2 2024
| JPMORGAN CHASE & CO (JPM 5.45 PERP P) | PFD | Add +0.4% | 2,138 | $433K |
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 | 147 | $858.9M | IVV, AGG, VEA, IWF, VB |
| Q1 2026 | 132 | $741.7M | IVV, AGG, VEA, IWF, VB |
| Q4 2025 | 131 | $713.5M | IVV, AGG, IWF, VEA, VB |
| Q3 2025 | 127 | $676.8M | IVV, IWF, AGG, VB, VEA |
| Q2 2025 | 118 | $618.2M | IVV, AGG, IWF, VB, VEA |
| Q1 2025 | 111 | $555.8M | IVV, AGG, IWF, VB, PYLD |
| Q4 2024 | 111 | $558.6M | IVV, VB, IWF, AGG, VEA |
| Q3 2024 | 108 | $528.7M | IVV, VB, AGG, IWF, VEA |
| Q2 2024 | 116 | $496.5M | IVV, VB, AGG, IWF, VEA |
| Q1 2024 | 104 | $475.8M | IVV, VB, AGG, IWF, VEA |