Ellenbecker Investment Group
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 23, 2026), Ellenbecker Investment Group reported 132 stock positions worth $741.7 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 25.2% of the portfolio, followed by iShares Core U.S. Aggregate (AGG, 11.0%) and Vanguard Ftse Developed ETF (VEA, 8.9%). Compared with Q4 2025, it opened 7 new positions, sold out of 6, added to 73 and reduced 36. The biggest buy was iShares Core U.S. Aggregate (AGG, shares +12%) and the biggest sale Apple (AAPL, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- WAUKESHA, WI
- CIK
- 0001731497
- Portfolio Value
- $741.7M (Q1 2026)
- SEC Filing
- 0001731497-26-000002 ↗ filed Apr 23, 2026
Holdings Value
Holdings 132 stocks · $741.7M
| IVV iShares Core S&P 500 ETF | 25.17% | 285,832 | $186.7M | Add +1.6% |
| AGG iShares Core U.S. Aggregate | 11.00% | 822,182 | $81.6M | Add +12.4% |
| VEA Vanguard Ftse Developed ETF | 8.87% | 1,026,987 | $65.8M | Add +7.9% |
| IWF iShares Russell 1000 Growth | 8.61% | 149,755 | $63.9M | Add +5.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 7.32% | 207,305 | $54.3M | Add +2.8% |
| PYLD PIMCO Multisector Bond Actv | 6.05% | 1,713,359 | $44.9M | Add +7.6% |
| IWD iShares Russell 1000 Value E | 4.23% | 146,737 | $31.4M | Add +9.2% |
| VWO Vanguard Ftse Emerging Marke | 3.88% | 531,819 | $28.7M | Add +6.8% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 3.05% | 381,732 | $22.6M | Add +9.9% |
| AOA iShares Core 80/20 Aggressiv | 2.58% | 216,273 | $19.1M | Add +21.6% |
| AAPL Apple Inc. | 1.29% | 37,671 | $9.6M | Reduce -2.6% |
| AOR iShares Core 60/40 Balanced | 1.27% | 146,108 | $9.4M | Add +29.2% |
| IJR iShares Core S&P Small-Cap E | 1.14% | 67,719 | $8.4M | Reduce -0.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.89% | 10,110 | $6.6M | Reduce -1.5% |
| PHYL Pgim Active High Yield Bond | 0.85% | 182,603 | $6.3M | Add +18.3% |
| FAST Fastenal Co. | 0.56% | 89,698 | $4.2M | Add +574.6% |
| MSFT Microsoft Corp. | 0.55% | 11,065 | $4.1M | Add +1.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.52% | 13,551 | $3.9M | Add +0.3% |
| AOM iShares Core 40/60 Moderate | 0.52% | 81,189 | $3.8M | Add +3.3% |
| NVDA Nvidia Corp. | 0.50% | 21,254 | $3.7M | Add +3.1% |
| PM Philip Morris International | 0.49% | 21,787 | $3.6M | Reduce -4.8% |
| CAT Caterpillar Inc. | 0.48% | 5,030 | $3.6M | Reduce -8.4% |
| SCHD Schwab US DVD Equity ETF | 0.45% | 108,794 | $3.3M | Add +0.5% |
| WEC WEC Energy Group Inc. | 0.34% | 21,492 | $2.5M | Add +0.8% |
| SDY SS SPDR S&P Dividend ETF | 0.30% | 15,028 | $2.2M | Add +0.2% |
| IWR iShares Russell Mid-Cap ETF | 0.29% | 22,401 | $2.2M | Reduce -1.2% |
| MO Altria Group Inc. | 0.28% | 31,515 | $2.1M | Reduce -4.4% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.25% | 6,225 | $1.9M | Reduce -8.1% |
| AMZN Amazon.com Inc. | 0.25% | 8,787 | $1.8M | Reduce -0.9% |
| PULS Pgim Ultra Short Bond ETF | 0.25% | 36,855 | $1.8M | Add +34.4% |
| WMT Walmart Inc. | 0.24% | 14,314 | $1.8M | Reduce -1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.20% | 3,126 | $1.5M | No change |
| IWM iShares Russell 2000 ETF | 0.19% | 5,823 | $1.4M | Reduce -2.6% |
| XOM Exxon Mobil Corp. | 0.19% | 8,412 | $1.4M | Add +0.6% |
| GOOG Alphabet Inc. Class C | 0.19% | 4,865 | $1.4M | Add +7.4% |
| ABBV Abbvie Inc. | 0.17% | 5,888 | $1.3M | Add +5.0% |
| HON Honeywell International Inc. | 0.17% | 5,603 | $1.3M | Add +2.1% |
| USRT iShares Core US REIT ETF | 0.16% | 19,719 | $1.2M | Reduce -5.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.15% | 15,282 | $1.1M | Reduce -4.7% |
| IEFA iShares Core MSCI Eafe ETF | 0.15% | 12,288 | $1.1M | No change |
| JNJ Johnson & Johnson | 0.15% | 4,438 | $1.1M | Add +2.7% |
| TSLA Tesla Inc. | 0.15% | 2,917 | $1.1M | Add +0.4% |
| DFIV Dimensional International Va | 0.14% | 19,457 | $1.0M | Reduce -0.5% |
| UNH Unitedhealth Group Inc. | 0.14% | 3,749 | $1.0M | Add +1.2% |
| PEP Pepsico Inc. | 0.13% | 6,383 | $991K | Add +14.1% |
| GOOGL Alphabet Inc. Class A | 0.13% | 3,433 | $987K | Add +6.0% |
| BND Vanguard Total Bond Market | 0.13% | 13,236 | $975K | Reduce -9.8% |
| ETN Eaton Corp. PLC | 0.13% | 2,714 | $971K | Reduce -3.5% |
| EPD Enterprise Products Partners | 0.13% | 25,370 | $960K | Add +0.2% |
| FISV Fiserv Inc. | 0.13% | 16,988 | $948K | Reduce -1.8% |
| MRK Merck & Co. Inc. | 0.12% | 7,514 | $904K | Add +8.1% |
| MTG Mgic Investment Corp. | 0.10% | 29,310 | $769K | Add +49.5% |
| LNT Alliant Energy Corp. | 0.10% | 10,710 | $769K | Add +22.2% |
| CVX Chevron Corp. | 0.10% | 3,681 | $762K | Add +4.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.10% | 2,326 | $746K | Add +132.1% |
| SYY Sysco Corp. | 0.10% | 10,397 | $742K | No change |
| EFIV SS SPDR S&P 500 ESG ETF | 0.10% | 11,729 | $740K | Reduce -0.1% |
| AVGO Broadcom Inc. | 0.10% | 2,363 | $732K | Add +7.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.10% | 3,014 | $731K | Reduce -5.1% |
| V Visa Inc. Class A | 0.10% | 2,385 | $721K | Add +11.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.10% | 1 | $718K | No change |
| HD Home Depot Inc. | 0.10% | 2,177 | $716K | Add +4.6% |
| LLY Eli Lilly & Co. | 0.09% | 748 | $689K | Reduce -4.0% |
| MAR Marriott International Class A | 0.09% | 1,991 | $651K | Add +0.1% |
| COST Costco Wholesale Corp. | 0.08% | 615 | $613K | Add +3.7% |
| BMO Bank of Montreal filed as BANK MONTREAL MEDIUM | 0.08% | 4,505 | $610K | No change |
| META Meta Platforms Inc. Class A | 0.08% | 1,058 | $605K | Reduce -13.9% |
| ROK Rockwell Automation Inc. | 0.08% | 1,636 | $587K | Add +0.1% |
| GLD SPDR Gold Shares | 0.08% | 1,343 | $578K | Add +1.7% |
| T AT&T Inc. | 0.07% | 18,123 | $525K | Reduce -3.4% |
| KMI Kinder Morgan Inc. | 0.07% | 15,652 | $525K | Add +1.7% |
| KO The Coca-Cola Co. | 0.07% | 6,741 | $513K | No change |
| ABT Abbott Laboratories | 0.07% | 4,973 | $511K | Reduce -8.0% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.07% | 6,397 | $509K | Reduce -1.2% |
| RTX RTX Corp. | 0.07% | 2,569 | $496K | Add +7.0% |
| VONG Vanguard Russell 1000 Growth | 0.07% | 4,514 | $495K | Add +13.8% |
| JCI Johnson Controls Internation | 0.07% | 3,697 | $484K | No change |
| ORCL Oracle Corp. | 0.07% | 3,275 | $482K | Add +6.0% |
| MCD McDonald's Corp. | 0.06% | 1,520 | $473K | Add +6.3% |
| KLAC KLA Corp. | 0.06% | 309 | $456K | Add +13.6% |
| AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO | 0.06% | 8,218 | $434K | No change |
| BMI Badger Meter Inc. | 0.06% | 2,713 | $413K | No change |
| DGRO iShares Core Dividend Growth | 0.05% | 5,754 | $404K | Reduce -2.7% |
| VANGUARD | 0.05% | 899 | $393K | Add +66.2% |
| ADI Analog Devices Inc. | 0.05% | 1,219 | $388K | Add +26.9% |
| PG The Procter & Gamble Co. | 0.05% | 2,654 | $383K | Add +10.4% |
| EAGG iShares ESG Aware US Aggrega | 0.05% | 8,039 | $382K | Add +9.0% |
| AMAT Applied Materials Inc. | 0.05% | 1,114 | $381K | Add +0.1% |
| VOO Vanguard S&P 500 ETF | 0.05% | 634 | $379K | Reduce -3.8% |
| SCHP Schwab U.S. Tips ETF | 0.05% | 13,839 | $368K | Reduce -14.4% |
| AXON Axon Enterprise Inc. | 0.05% | 867 | $368K | No change |
| SPMO Invesco S&P 500 Momentum ETF | 0.05% | 3,180 | $357K | Add +0.3% |
| XVV iShares ESG Select Screened | 0.05% | 7,158 | $352K | Add +1.2% |
| MDLZ Mondelez International Inc. Class A | 0.05% | 5,955 | $343K | Add +14.8% |
| APG Api Group Corp. | 0.05% | 8,441 | $342K | Add +3.8% |
| WFC Wells Fargo & Co. | 0.05% | 4,288 | $341K | Add +0.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.04% | 1,678 | $329K | Add +40.0% |
| LIN Linde PLC | 0.04% | 652 | $323K | Add +3.7% |
| UCON First Trust Smith Unconstrai | 0.04% | 12,966 | $321K | Add +0.5% |
| SRE Sempra | 0.04% | 3,224 | $313K | Add +1.4% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $1.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| JPMORGAN CHASE & CO (JPM 5.45 PERP P) | PFD | 3,260 | $959K | Reduce -12.0% |
| PINNACLE FINANCL PARTNRS (PNFP V8.397 PERP B) | COM | 2,737 | $236K | New |
Total filed on the 13F, all lines: $742.9M.
Portfolio Sells Q4 2025 → Q1 2026
| AAPL Apple Inc. | Reduce -2.6% | 1.29% | −0.18 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.5% | 0.89% | −0.09 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -8.1% | 0.25% | −0.05 |
| AMZN Amazon.com Inc. | Reduce -0.9% | 0.25% | −0.04 |
| SNV Synovus Financial Corp. | Sold out | 0.00% | −0.04 |
| FISV Fiserv Inc. | Reduce -1.8% | 0.13% | −0.04 |
| IBM Intl Business Machines Corp. | Reduce -5.1% | 0.10% | −0.03 |
| META Meta Platforms Inc. Class A | Reduce -13.9% | 0.08% | −0.03 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.03 |
| XLK SS Technology Select Sector | Sold out | 0.00% | −0.03 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.03 |
| PM Philip Morris International | Reduce -4.8% | 0.49% | −0.03 |
| SCHB Schwab US Broad Market ETF | Sold out | 0.00% | −0.03 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.03 |
| ABT Abbott Laboratories | Reduce -8.0% | 0.07% | −0.03 |
| LLY Eli Lilly & Co. | Reduce -4.0% | 0.09% | −0.02 |
| BND Vanguard Total Bond Market | Reduce -9.8% | 0.13% | −0.02 |
| NFLX Netflix Inc. | Reduce -22.9% | 0.04% | −0.01 |
| IWR iShares Russell Mid-Cap ETF | Reduce -1.2% | 0.29% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -2.6% | 0.19% | −0.01 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -4.7% | 0.15% | −0.01 |
| SCHP Schwab U.S. Tips ETF | Reduce -14.4% | 0.05% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.4% | 1.14% | −0.01 |
| EFIV SS SPDR S&P 500 ESG ETF | Reduce -0.1% | 0.10% | −0.01 |
| USRT iShares Core US REIT ETF | Reduce -5.2% | 0.16% | −0.01 |
| DFAS Dimensional US Small Cap ETF | Reduce -20.4% | 0.03% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -3.8% | 0.05% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -2.2% | 0.03% | −0.01 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -1.2% | 0.07% | −0.00 |
| SCHX Schwab US Large-Cap ETF | Reduce -2.4% | 0.04% | −0.00 |
| USB US Bancorp | Reduce -1.1% | 0.04% | −0.00 |
| MUB iShares National Muni Bond E | Reduce -3.4% | 0.04% | −0.00 |
| DGRO iShares Core Dividend Growth | Reduce -2.7% | 0.05% | −0.00 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -1.1% | 0.03% | −0.00 |
| UNP Union Pacific Corp. | Reduce -1.3% | 0.04% | −0.00 |
| DFIV Dimensional International Va | Reduce -0.5% | 0.14% | +0.00 |
| PFE Pfizer Inc. | Reduce -3.5% | 0.04% | +0.00 |
| ETN Eaton Corp. PLC | Reduce -3.5% | 0.13% | +0.01 |
| T AT&T Inc. | Reduce -3.4% | 0.07% | +0.01 |
| WMT Walmart Inc. | Reduce -1.1% | 0.24% | +0.01 |
| MO Altria Group Inc. | Reduce -4.4% | 0.28% | +0.01 |
| CAT Caterpillar Inc. | Reduce -8.4% | 0.48% | +0.04 |
Portfolio Buys Q4 2025 → Q1 2026
| AGG iShares Core U.S. Aggregate | Add +12.4% | 11.00% | +0.76 |
| VEA Vanguard Ftse Developed ETF | Add +7.9% | 8.87% | +0.54 |
| FAST Fastenal Co. | Add +574.6% | 0.56% | +0.49 |
| AOA iShares Core 80/20 Aggressiv | Add +21.6% | 2.58% | +0.35 |
| IWD iShares Russell 1000 Value E | Add +9.2% | 4.23% | +0.27 |
| AOR iShares Core 60/40 Balanced | Add +29.2% | 1.27% | +0.24 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +9.9% | 3.05% | +0.23 |
| VWO Vanguard Ftse Emerging Marke | Add +6.8% | 3.88% | +0.12 |
| PYLD PIMCO Multisector Bond Actv | Add +7.6% | 6.05% | +0.10 |
| PHYL Pgim Active High Yield Bond | Add +18.3% | 0.85% | +0.08 |
| PULS Pgim Ultra Short Bond ETF | Add +34.4% | 0.25% | +0.06 |
| VTI VG Morningstar TS MKT ETF-US | Add +132.1% | 0.10% | +0.05 |
| XOM Exxon Mobil Corp. | Add +0.6% | 0.19% | +0.05 |
| MARATHON PETROLEUM CORP (MPC 3.8 04/01/28 144A) | New | 0.04% | +0.04 |
| VZ Verizon Communications Inc. | New | 0.03% | +0.03 |
| SCHD Schwab US DVD Equity ETF | Add +0.5% | 0.45% | +0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +2.8% | 7.32% | +0.03 |
| VYM Vanguard High DVD Yield ETF | New | 0.03% | +0.03 |
| COP Conocophillips | New | 0.03% | +0.03 |
| XJH Ishare ESG SS S&P Midcap ETF | New | 0.03% | +0.03 |
| DUK Duke Energy Corp. | New | 0.03% | +0.03 |
| SLV iShares Silver Trust | New | 0.03% | +0.03 |
| CVX Chevron Corp. | Add +4.2% | 0.10% | +0.03 |
| LNT Alliant Energy Corp. | Add +22.2% | 0.10% | +0.02 |
| MTG Mgic Investment Corp. | Add +49.5% | 0.10% | +0.02 |
| PEP Pepsico Inc. | Add +14.1% | 0.13% | +0.02 |
| JNJ Johnson & Johnson | Add +2.7% | 0.15% | +0.02 |
| HON Honeywell International Inc. | Add +2.1% | 0.17% | +0.02 |
| WEC WEC Energy Group Inc. | Add +0.8% | 0.34% | +0.02 |
| MRK Merck & Co. Inc. | Add +8.1% | 0.12% | +0.02 |
| VANGUARD | Add +66.2% | 0.05% | +0.02 |
| ADI Analog Devices Inc. | Add +26.9% | 0.05% | +0.02 |
| EPD Enterprise Products Partners | Add +0.2% | 0.13% | +0.02 |
| KLAC KLA Corp. | Add +13.6% | 0.06% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +40.0% | 0.04% | +0.01 |
| KMI Kinder Morgan Inc. | Add +1.7% | 0.07% | +0.01 |
| AMAT Applied Materials Inc. | Add +0.1% | 0.05% | +0.01 |
| COST Costco Wholesale Corp. | Add +3.7% | 0.08% | +0.01 |
| DE Deere & Co. | Add +7.2% | 0.04% | +0.01 |
| MDLZ Mondelez International Inc. Class A | Add +14.8% | 0.05% | +0.01 |
| LIN Linde PLC | Add +3.7% | 0.04% | +0.01 |
| RTX RTX Corp. | Add +7.0% | 0.07% | +0.01 |
| ET Energy Transfer LP | Add +1.7% | 0.04% | +0.00 |
| GLD SPDR Gold Shares | Add +1.7% | 0.08% | +0.00 |
| PG The Procter & Gamble Co. | Add +10.4% | 0.05% | +0.00 |
| LOW Lowe's Cos Inc. | Add +15.5% | 0.04% | +0.00 |
| SDY SS SPDR S&P Dividend ETF | Add +0.2% | 0.30% | +0.00 |
| SRE Sempra | Add +1.4% | 0.04% | +0.00 |
| MGEE Mge Energy Inc. | Add +14.8% | 0.03% | +0.00 |
| APG Api Group Corp. | Add +3.8% | 0.05% | +0.00 |
Notes & Other Activity Q4 2025 → Q1 2026
| JPMORGAN CHASE & CO (JPM 5.45 PERP P) | PFD | Reduce -12.0% | 3,260 | $959K |
| PINNACLE FINANCL PARTNRS (PNFP V8.397 PERP B) | COM | New | 2,737 | $236K |
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 |