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

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $475.8M Q1 2024 Q2 2024: $496.5M Q2 2024 Q3 2024: $528.7M Q3 2024 Q4 2024: $558.6M Q4 2024 Q1 2025: $555.8M Q1 2025 Q2 2025: $618.2M Q2 2025 Q3 2025: $676.8M Q3 2025 Q4 2025: $713.5M Q4 2025 Q1 2026: $741.7M $741.7M Q1 2026 Q2 2026: $858.9M Q2 2026

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%
NFLX Netflix Inc. 0.04% 3,219 $310K Reduce -22.9%
UNP Union Pacific Corp. 0.04% 1,260 $306K Reduce -1.3%
IVW iShares S&P 500 Growth ETF 0.04% 2,696 $305K Add +0.1%
USB US Bancorp 0.04% 5,829 $303K Reduce -1.1%
PFE Pfizer Inc. 0.04% 10,562 $297K Reduce -3.5%
LOW Lowe's Cos Inc. 0.04% 1,232 $291K Add +15.5%
DFAT Dimensional US Target Value 0.04% 4,575 $286K Add +0.1%
ET Energy Transfer LP 0.04% 14,731 $284K Add +1.7%
SCHX Schwab US Large-Cap ETF 0.04% 11,021 $283K Reduce -2.4%
DE Deere & Co. 0.04% 493 $278K Add +7.2%
MARATHON PETROLEUM CORP (MPC 3.8 04/01/28 144A) 0.04% 1,107 $271K New
MUB iShares National Muni Bond E 0.04% 2,537 $269K Reduce -3.4%
VZ Verizon Communications Inc. 0.03% 5,036 $253K New
FIS Fidelity National Info Serv 0.03% 5,108 $239K Add +26.6%
CRWD CrowdStrike Holdings Inc. Class A 0.03% 607 $237K No change
VYM Vanguard High DVD Yield ETF 0.03% 1,597 $237K New
MGEE Mge Energy Inc. 0.03% 3,048 $236K Add +14.8%
AXP American Express Co. 0.03% 777 $235K Add +2.2%
WY Weyerhaeuser Co. 0.03% 9,600 $235K No change
SHW The Sherwin-Williams Co. 0.03% 727 $233K No change
XEL Xcel Energy Inc. 0.03% 2,904 $231K Add +0.1%
COP Conocophillips 0.03% 1,736 $229K New
AMGN Amgen Inc. 0.03% 643 $226K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.03% 1,029 $224K Add +0.5%
XJH Ishare ESG SS S&P Midcap ETF 0.03% 4,859 $220K New
DUK Duke Energy Corp. 0.03% 1,678 $220K New
CEG Constellation Energy 0.03% 772 $216K No change
SLV iShares Silver Trust 0.03% 3,158 $215K New
UMBF Umb Financial Corp. 0.03% 1,874 $211K No change
DFAS Dimensional US Small Cap ETF 0.03% 2,932 $209K Reduce -20.4%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.03% 1,127 $208K Reduce -1.1%
MA Mastercard Inc. Class A 0.03% 406 $203K Reduce -2.2%
Other holdings (2): bonds, preferreds, convertibles and warrants · $1.2M (not counted above)
SecurityClassShares / PrincipalValueChange
JPMORGAN CHASE & CO (JPM 5.45 PERP P) PFD 3,260$959KReduce -12.0%
PINNACLE FINANCL PARTNRS (PNFP V8.397 PERP B) COM 2,737$236KNew

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 147$858.9MIVV, AGG, VEA, IWF, VB
Q1 2026 132$741.7MIVV, AGG, VEA, IWF, VB
Q4 2025 131$713.5MIVV, AGG, IWF, VEA, VB
Q3 2025 127$676.8MIVV, IWF, AGG, VB, VEA
Q2 2025 118$618.2MIVV, AGG, IWF, VB, VEA
Q1 2025 111$555.8MIVV, AGG, IWF, VB, PYLD
Q4 2024 111$558.6MIVV, VB, IWF, AGG, VEA
Q3 2024 108$528.7MIVV, VB, AGG, IWF, VEA
Q2 2024 116$496.5MIVV, VB, AGG, IWF, VEA
Q1 2024 104$475.8MIVV, VB, AGG, IWF, VEA