Ellenbecker Investment Group

Name: Ellenbecker Investment Group 13F holdings, Q2 2024
Creator: Ellenbecker Investment Group
Published: 2024-07-11

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q1 2024

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%
JCI Johnson Controls Internation	0.05%	3,682	$245K	Reduce -2.2%
EXC Exelon Corp.	0.05%	6,976	$241K	Reduce -1.1%
AOK iShares Core 30/70 Conservat	0.05%	6,428	$237K	New
ACN Accenture PLC Class A	0.05%	766	$232K	New
SCHB Schwab US Broad Market ETF	0.05%	3,674	$231K	Reduce -3.9%
AMAT Applied Materials Inc.	0.05%	694	$228K	New
TXN Texas Instruments Inc.	0.05%	1,165	$227K	New
VTI VG Morningstar TS MKT ETF-US	0.05%	846	$227K	Reduce -1.5%
MA Mastercard Inc. Class A	0.05%	510	$225K	New
DE Deere & Co.	0.05%	599	$224K	New
TEL Te Connectivity Ltd.	0.04%	1,470	$221K	New
SHW The Sherwin-Williams Co.	0.04%	714	$213K	No change
CMCSA Comcast Corp. Class A	0.04%	5,426	$212K	New
APG Api Group Corp.	0.04%	5,625	$212K	Add +8.3%
ORCL Oracle Corp.	0.04%	1,481	$209K	New
QCOM Qualcomm Inc.	0.04%	1,047	$209K	New

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