GHP Investment Advisors, Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), GHP Investment Advisors, Inc. reported 941 stock positions worth $2.3 billion. Its top holding was Schwab US Large-Cap Growth (SCHG) at 1.9% of the portfolio, followed by Microsoft (MSFT, 1.6%) and Apple (AAPL, 1.5%). Compared with Q1 2025, it opened 57 new positions, sold out of 68, added to 279 and reduced 204. The biggest buy was Microsoft (MSFT, shares +1%) and the biggest sale Apple (AAPL, shares −2%).

Most Recent 13F
Q2 2026
Location
Denver, CO
CIK
0001401561
Portfolio Value
$2.3B (Q2 2025)
SEC Filing
0001140361-25-028706 ↗ filed Aug 5, 2025

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $2.0B Q1 2024 Q2 2024: $2.0B Q2 2024 Q3 2024: $2.2B Q3 2024 Q4 2024: $2.1B Q4 2024 Q1 2025: $2.1B Q1 2025 Q2 2025: $2.3B $2.3B Q2 2025 Q3 2025: $2.4B Q3 2025 Q4 2025: $2.4B Q4 2025 Q1 2026: $2.4B Q1 2026 Q2 2026: $2.7B Q2 2026

Holdings 941 stocks · $2.3B

SCHG Schwab US Large-Cap Growth 1.90% 1,465,966 $42.8M Add +0.5%
MSFT Microsoft Corp. 1.63% 74,038 $36.8M Add +0.8%
AAPL Apple Inc. 1.45% 160,104 $32.8M Reduce -1.8%
VEA Vanguard Ftse Developed ETF 1.30% 513,518 $29.3M Add +0.4%
SCHF Schwab Intl Equity ETF 1.22% 1,250,086 $27.6M Add +1.4%
JPM JPMorgan Chase & Co. 1.22% 94,961 $27.5M Add +0.6%
SCHV Schwab US Large-Cap Value 1.21% 985,530 $27.3M Add +1.3%
MDYG SS SPDR S&P 400 MC GR ETF 1.19% 308,112 $26.8M Add +3.1%
BRK.B Berkshire Hathaway Inc. Class B 1.18% 54,614 $26.5M Add +2.6%
IDV iShares International Select 1.14% 746,664 $25.8M Add +3.1%
IEFA iShares Core MSCI Eafe ETF 1.12% 302,859 $25.3M Add +2.5%
CW Curtiss-Wright Corp. 1.12% 51,720 $25.3M Reduce -1.3%
FNDC Schwab Fndmnt Intl SM Eq ETF 1.08% 581,557 $24.5M Add +0.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.05% 80,449 $23.7M Add +1.8%
FLGB Franklin Ftse United Kingdom 1.03% 762,225 $23.3M Add +3.2%
IVW iShares S&P 500 Growth ETF 1.01% 206,911 $22.8M Reduce -1.1%
IWF iShares Russell 1000 Growth 1.00% 53,109 $22.5M Reduce -0.3%
MDYV SS SPDR S&P 400 MC Val ETF 0.98% 278,533 $22.1M Add +1.2%
ORCL Oracle Corp. 0.96% 98,805 $21.6M Add +0.6%
HLI Houlihan Lokey Inc. 0.95% 119,440 $21.5M Reduce -0.7%
SLYG SS SPDR S&P 600 SC GR ETF 0.95% 241,820 $21.5M Add +1.7%
IJT iShares S&P Small-Cap 600 GR 0.94% 160,166 $21.3M Reduce -1.0%
GOOG Alphabet Inc. Class C 0.91% 115,338 $20.5M Reduce -0.2%
SCHC Schwab Intl Small-Cap Equity 0.89% 470,749 $20.0M Reduce -0.8%
IJS iShares S&P Small-Cap 600 Va 0.88% 199,510 $19.8M Reduce -2.2%
EME Emcor Group Inc. 0.86% 36,332 $19.4M Reduce -1.2%
RTX RTX Corp. 0.85% 131,238 $19.2M Reduce -0.1%
IVE iShares S&P 500 Value ETF 0.85% 97,933 $19.1M Reduce -0.6%
ESE Esco Technologies Inc. 0.84% 98,683 $18.9M Reduce -3.1%
SPYG SS SPDR P S&P 500 Growth ETF 0.83% 197,256 $18.8M Add +3.2%
MCO Moody's Corp. 0.83% 37,203 $18.7M Add +1.4%
META Meta Platforms Inc. Class A 0.80% 24,456 $18.1M Add +1.1%
ROK Rockwell Automation Inc. 0.79% 53,786 $17.9M Add +6.8%
AXP American Express Co. 0.79% 55,856 $17.8M Add +0.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.79% 144,150 $17.8M Add +1.1%
TDY Teledyne Technologies Inc. 0.78% 34,424 $17.6M Add +5.3%
IWD iShares Russell 1000 Value E 0.77% 89,758 $17.4M Reduce -0.6%
WMT Walmart Inc. 0.73% 168,340 $16.5M Reduce -2.0%
LECO Lincoln Electric Holdings 0.71% 77,827 $16.1M Reduce -0.9%
KLAC KLA Corp. 0.70% 17,760 $15.9M Add +4.8%
STE Steris PLC 0.68% 64,150 $15.4M Add +4.3%
PGR Progressive Corp. 0.68% 57,254 $15.3M Reduce -0.2%
SYK Stryker Corp. 0.67% 38,010 $15.0M Add +1.9%
ULTA Ulta Beauty Inc. 0.66% 32,000 $15.0M Add +2.0%
TRV The Travelers Cos Inc. 0.63% 53,201 $14.2M Add +2.4%
NDAQ Nasdaq Inc. 0.63% 159,143 $14.2M Add +6.8%
SLYV SS SPDR S&P 600 SC Val ETF 0.63% 177,470 $14.2M Add +1.7%
PG The Procter & Gamble Co. 0.62% 87,344 $13.9M Reduce -0.5%
INTU Intuit Inc. 0.61% 17,406 $13.7M Add +3.7%
CSCO Cisco Systems Inc. 0.60% 196,667 $13.6M Add +0.8%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.60% 184,111 $13.5M Add +0.8%
AME Ametek Inc. 0.60% 74,327 $13.5M Add +8.8%
MCK McKesson Corp. 0.59% 18,145 $13.3M Add +3.5%
BR Broadridge Financial Solutio 0.58% 54,090 $13.1M Add +5.9%
IJJ iShares S&P Mid-Cap 400 Valu 0.58% 106,052 $13.1M Reduce -0.5%
URI United Rentals Inc. 0.58% 17,362 $13.1M Add +8.4%
IJK iShares S&P Mid-Cap 400 Grow 0.58% 142,933 $13.0M Reduce -0.7%
GRMN Garmin Ltd. 0.57% 62,180 $13.0M Reduce -1.4%
NDSN Nordson Corp. 0.57% 60,517 $13.0M Reduce -5.7%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.56% 44,680 $12.7M Reduce -0.9%
EMR Emerson Electric Co. 0.56% 95,130 $12.7M Add +7.5%
NTAP Netapp Inc. 0.56% 117,643 $12.5M Reduce -3.0%
V Visa Inc. Class A 0.55% 34,855 $12.4M Reduce -0.5%
GLW Corning Inc. 0.54% 231,178 $12.2M Reduce -4.2%
SSNC Ss&c Technologies Holdings 0.52% 141,931 $11.8M Add +2.1%
PH Parker Hannifin Corp. 0.52% 16,751 $11.7M Add +1.9%
SPYV SS SPDR P S&P 500 Value ETF 0.51% 221,815 $11.6M Add +3.3%
ADI Analog Devices Inc. 0.51% 48,696 $11.6M Add +0.8%
COST Costco Wholesale Corp. 0.50% 11,333 $11.2M Reduce -1.0%
PLXS Plexus Corp. 0.49% 81,684 $11.1M Reduce -0.8%
CSX CSX Corp. 0.48% 334,377 $10.9M Reduce -2.2%
TXN Texas Instruments Inc. 0.48% 52,400 $10.9M Reduce -0.1%
SNPS Synopsys Inc. 0.48% 21,026 $10.8M Add +5.5%
PKG Packaging Corp. of America 0.47% 56,668 $10.7M Add +0.2%
EXPD Expeditors Intl Wash Inc. 0.47% 93,366 $10.7M Add +3.6%
MLM Martin Marietta Materials 0.47% 19,416 $10.7M Add +5.8%
FDS Factset Research Systems Inc. 0.46% 23,188 $10.4M Add +112.6%
CACI Caci International Inc. Class A 0.46% 21,680 $10.3M Reduce -0.7%
LH Labcorp Holdings Inc. 0.43% 37,074 $9.7M Reduce -4.4%
DOX Amdocs Ltd. 0.42% 104,189 $9.5M Add +0.2%
ADP Automatic Data Processing 0.42% 30,652 $9.5M Add +0.5%
AON Aon PLC Class A 0.42% 26,475 $9.4M Add +0.6%
MRK Merck & Co. Inc. 0.41% 117,049 $9.3M Reduce -3.1%
EXLS Exlservice Holdings Inc. 0.41% 211,530 $9.3M Add +9.2%
BKNG Booking Holdings Inc. 0.41% 1,593 $9.2M Add +6.3%
TSCO Tractor Supply Company 0.40% 169,728 $9.0M Add +9.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.40% 72,078 $8.9M Add +1.6%
FERG Ferguson Enterprises Inc. 0.39% 40,146 $8.7M Add +2.8%
TXRH Texas Roadhouse Inc. 0.38% 46,229 $8.7M Add +1.6%
IJR iShares Core S&P Small-Cap E 0.38% 78,469 $8.6M Reduce -0.6%
CI The Cigna Group 0.38% 25,930 $8.6M Add +0.3%
JNJ Johnson & Johnson 0.38% 55,779 $8.5M Add +1.4%
SNA Snap-on Inc. 0.38% 27,324 $8.5M Reduce -0.3%
WAT Waters Corp. 0.37% 23,818 $8.3M Add +1.4%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.37% 18,834 $8.3M Reduce -1.0%
IWP iShares Russell Mid-Cap Grow 0.36% 59,369 $8.2M Reduce -0.8%
LHX L3HARRIS Technologies Inc. 0.36% 32,604 $8.2M Add +2.5%
IJH iShares Core S&P Midcap ETF 0.36% 131,684 $8.2M Reduce -0.2%
APD Air Products & Chemicals Inc. 0.36% 28,665 $8.1M Reduce -1.2%
HIG Hartford Insurance Group Inc. 0.35% 62,787 $8.0M Add +5.2%

Show all 941 holdings

Other holdings (2): bonds, preferreds, convertibles and warrants · $8K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 6$7KNo change
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 45$932No change

Total filed on the 13F, all lines: $2.3B.

Portfolio Sells Q1 2025 → Q2 2025

AAPL Apple Inc. Reduce -1.8% 1.45% −0.29
UNH Unitedhealth Group Inc. Reduce -12.3% 0.21% −0.23
SYNA Synaptics Inc. Reduce -71.7% 0.08% −0.22
ICFI Icf International Inc. Reduce -96.2% 0.01% −0.18
MRTN Marten Transport Ltd. Reduce -98.2% 0.00% −0.18
GNTX Gentex Corp. Reduce -99.0% 0.00% −0.17
PEP Pepsico Inc. Reduce -11.9% 0.33% −0.13
LSTR Landstar System Inc. Reduce -17.9% 0.28% −0.12
MRK Merck & Co. Inc. Reduce -3.1% 0.41% −0.11
PGR Progressive Corp. Reduce -0.2% 0.68% −0.10
PG The Procter & Gamble Co. Reduce -0.5% 0.62% −0.10
COLM Columbia Sportswear Co. Sold out 0.00% −0.10
GRMN Garmin Ltd. Reduce -1.4% 0.57% −0.08
GPN Global Payments Inc. Reduce -15.0% 0.14% −0.08
TGT Target Corp. Reduce -8.6% 0.30% −0.08
IJS iShares S&P Small-Cap 600 Va Reduce -2.2% 0.88% −0.08
OMC Omnicom Group Reduce -9.3% 0.19% −0.07
SKX Skechers USA Inc. Class A Reduce -99.0% 0.00% −0.07
CVX Chevron Corp. Reduce -3.3% 0.23% −0.07
GIS General Mills Inc. Reduce -16.7% 0.13% −0.07
SNA Snap-on Inc. Reduce -0.3% 0.38% −0.07
STZ Constellation Brands Inc. Class A Reduce -20.4% 0.12% −0.07
TMO Thermo Fisher Scientific Inc. Reduce -17.8% 0.10% −0.06
EMN Eastman Chemical Co. Reduce -14.7% 0.12% −0.06
WSO Watsco Inc. Reduce -21.7% 0.09% −0.06
IVE iShares S&P 500 Value ETF Reduce -0.6% 0.85% −0.05
APD Air Products & Chemicals Inc. Reduce -1.2% 0.36% −0.05
SJM The JM Smucker Co. Reduce -1.7% 0.16% −0.05
DVA Davita Inc. Reduce -2.9% 0.26% −0.05
FELE Franklin Electric Co. Inc. Reduce -5.3% 0.24% −0.05
NDSN Nordson Corp. Reduce -5.7% 0.57% −0.05
IWD iShares Russell 1000 Value E Reduce -0.6% 0.77% −0.04
CPRT Copart Inc. Reduce -5.4% 0.13% −0.04
V Visa Inc. Class A Reduce -0.5% 0.55% −0.04
CHD Church & Dwight Co. Inc. Reduce -0.5% 0.16% −0.04
ACN Accenture PLC Class A Reduce -0.1% 0.29% −0.04
PCAR Paccar Inc. Reduce -1.6% 0.29% −0.04
NSIT Insight Enterprises Inc. Reduce -1.6% 0.19% −0.04
KAI Kadant Inc. Reduce -2.6% 0.19% −0.03
TROW T Rowe Price Group Inc. Reduce -30.9% 0.07% −0.03
PEY Invesco High Yield Equity Di Reduce -9.5% 0.13% −0.03
IJJ iShares S&P Mid-Cap 400 Valu Reduce -0.5% 0.58% −0.03
FCN Fti Consulting Inc. Reduce -4.4% 0.17% −0.03
KNX Knight-Swift Transportation Reduce -16.0% 0.10% −0.03
IJT iShares S&P Small-Cap 600 GR Reduce -1.0% 0.94% −0.02
CMCSA Comcast Corp. Class A Reduce -0.1% 0.19% −0.02
COST Costco Wholesale Corp. Reduce -1.0% 0.50% −0.02
MA Mastercard Inc. Class A Reduce -5.0% 0.20% −0.02
ODFL Old Dominion Freight Line Reduce -7.2% 0.12% −0.02
UPS United Parcel Service Class B Reduce -6.7% 0.08% −0.02

Portfolio Buys Q1 2025 → Q2 2025

MSFT Microsoft Corp. Add +0.8% 1.63% +0.31
ORCL Oracle Corp. Add +0.6% 0.96% +0.30
FDS Factset Research Systems Inc. Add +112.6% 0.46% +0.22
TER Teradyne Inc. Add +21418.7% 0.20% +0.20
ROK Rockwell Automation Inc. Add +6.8% 0.79% +0.17
KLAC KLA Corp. Add +4.8% 0.70% +0.15
SCHG Schwab US Large-Cap Growth Add +0.5% 1.90% +0.14
META Meta Platforms Inc. Class A Add +1.1% 0.80% +0.13
APH Amphenol Corp. Class A Add +13.7% 0.34% +0.12
INTU Intuit Inc. Add +3.7% 0.61% +0.11
ULTA Ulta Beauty Inc. Add +2.0% 0.66% +0.11
JPM JPMorgan Chase & Co. Add +0.6% 1.22% +0.11
IBM Intl Business Machines Corp. Add +1.8% 1.05% +0.11
URI United Rentals Inc. Add +8.4% 0.58% +0.10
EMR Emerson Electric Co. Add +7.5% 0.56% +0.10
SPYG SS SPDR P S&P 500 Growth ETF Add +3.2% 0.83% +0.09
NDAQ Nasdaq Inc. Add +6.8% 0.63% +0.09
FERG Ferguson Enterprises Inc. Add +2.8% 0.39% +0.09
ALLE Allegion PLC Add +1077.3% 0.09% +0.08
FNDC Schwab Fndmnt Intl SM Eq ETF Add +0.8% 1.08% +0.08
BKNG Booking Holdings Inc. Add +6.3% 0.41% +0.08
AXP American Express Co. Add +0.3% 0.79% +0.07
SNPS Synopsys Inc. Add +5.5% 0.48% +0.07
PRGS Progress Software Corp. Add +8.9% 0.33% +0.06
IDV iShares International Select Add +3.1% 1.14% +0.06
TTEK Tetra Tech Inc. Add +6.6% 0.35% +0.06
AMAT Applied Materials Inc. Add +15.6% 0.24% +0.06
GMS GMS Inc. Add +1.5% 0.21% +0.06
DIS The Walt Disney Co. Add +1.6% 0.40% +0.06
SCHF Schwab Intl Equity ETF Add +1.4% 1.22% +0.05
MLM Martin Marietta Materials Add +5.8% 0.47% +0.05
OSK Oshkosh Corp. Add +19.2% 0.20% +0.05
VEA Vanguard Ftse Developed ETF Add +0.4% 1.30% +0.05
ADI Analog Devices Inc. Add +0.8% 0.51% +0.05
IEFA iShares Core MSCI Eafe ETF Add +2.5% 1.12% +0.04
MDYG SS SPDR S&P 400 MC GR ETF Add +3.1% 1.19% +0.04
LHX L3HARRIS Technologies Inc. Add +2.5% 0.36% +0.04
CME Cme Group Inc. Add +18.3% 0.33% +0.04
CAH Cardinal Health Inc. Add +2.4% 0.30% +0.04
PH Parker Hannifin Corp. Add +1.9% 0.52% +0.04
NVDA Nvidia Corp. Add +45.2% 0.07% +0.04
AME Ametek Inc. Add +8.8% 0.60% +0.03
CSCO Cisco Systems Inc. Add +0.8% 0.60% +0.03
OSIS Osi Systems Inc. Add +1.6% 0.32% +0.02
LMT Lockheed Martin Corp. Add +24.2% 0.15% +0.02
MCK McKesson Corp. Add +3.5% 0.59% +0.02
ALG Alamo Group Inc. Add +7.2% 0.13% +0.02
SCHW Schwab (charles) Corp. Add +1.0% 0.28% +0.02
BAC Bank of America Corp. Add +2.7% 0.29% +0.02
TXRH Texas Roadhouse Inc. Add +1.6% 0.38% +0.02

Notes & Other Activity Q1 2025 → Q2 2025

JQCNR Nuveen Credit Strategies-RTS RIGHT 04/29/2025 Sold out 550 $0before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1,391$2.7BSCHG, AAPL, GOOG, MDYG, SCHF
Q1 2026 1,434$2.4BSCHG, AAPL, GOOG, IDV, VEA
Q4 2025 982$2.4BSCHG, AAPL, GOOG, MSFT, VEA
Q3 2025 940$2.4BSCHG, AAPL, MSFT, VEA, JPM
Q2 2025 941$2.3BSCHG, MSFT, AAPL, VEA, SCHF
Q1 2025 952$2.1BSCHG, AAPL, BRK.B, MSFT, VEA
Q4 2024 971$2.1BAAPL, SCHG, MSFT, MDYG, SCHV
Q3 2024 966$2.2BAAPL, SCHG, MSFT, FICO, VEA
Q2 2024 968$2.0BSCHG, AAPL, MSFT, VEA, MDYG
Q1 2024 836$2.0BSCHG, MSFT, AAPL, VEA, MDYG