GHP Investment Advisors, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 31, 2025), GHP Investment Advisors, Inc. reported 940 stock positions worth $2.4 billion. Its top holding was Schwab US Large-Cap Growth (SCHG) at 2.0% of the portfolio, followed by Apple (AAPL, 1.8%) and Microsoft (MSFT, 1.6%). Compared with Q2 2025, it opened 46 new positions, sold out of 48, added to 241 and reduced 220. The biggest buy was Apple (AAPL, shares +4%) and the biggest sale Curtiss-Wright (CW, shares −39%).
- Most Recent 13F
- Q2 2026
- Location
- Denver, CO
- CIK
- 0001401561
- Portfolio Value
- $2.4B (Q3 2025)
- SEC Filing
- 0001140361-25-039935 ↗ filed Oct 31, 2025
Holdings Value
Holdings 940 stocks · $2.4B
| SCHG Schwab US Large-Cap Growth | 1.96% | 1,460,301 | $46.6M | Reduce -0.4% |
| AAPL Apple Inc. | 1.79% | 166,914 | $42.5M | Add +4.3% |
| MSFT Microsoft Corp. | 1.58% | 72,658 | $37.6M | Reduce -1.9% |
| VEA Vanguard Ftse Developed ETF | 1.28% | 508,585 | $30.5M | Reduce -1.0% |
| JPM JPMorgan Chase & Co. | 1.24% | 93,252 | $29.4M | Reduce -1.8% |
| SCHF Schwab Intl Equity ETF | 1.23% | 1,254,623 | $29.2M | Add +0.4% |
| SCHV Schwab US Large-Cap Value | 1.22% | 1,001,064 | $29.1M | Add +1.6% |
| MDYG SS SPDR S&P 400 MC GR ETF | 1.22% | 316,064 | $28.9M | Add +2.6% |
| GOOG Alphabet Inc. Class C | 1.19% | 116,597 | $28.4M | Add +1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.16% | 54,957 | $27.6M | Add +0.6% |
| IDV iShares International Select | 1.15% | 750,112 | $27.4M | Add +0.5% |
| IEFA iShares Core MSCI Eafe ETF | 1.11% | 303,325 | $26.5M | Add +0.1% |
| ORCL Oracle Corp. | 1.11% | 93,628 | $26.3M | Reduce -5.2% |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 1.09% | 581,371 | $25.9M | Reduce -0.0% |
| FLGB Franklin Ftse United Kingdom | 1.05% | 770,416 | $24.9M | Add +1.1% |
| IWF iShares Russell 1000 Growth | 1.04% | 52,941 | $24.8M | Reduce -0.3% |
| IVW iShares S&P 500 Growth ETF | 1.03% | 203,848 | $24.6M | Reduce -1.5% |
| HLI Houlihan Lokey Inc. | 1.03% | 118,985 | $24.4M | Reduce -0.4% |
| MDYV SS SPDR S&P 400 MC Val ETF | 0.98% | 280,082 | $23.4M | Add +0.6% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.98% | 247,057 | $23.3M | Add +2.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.95% | 80,183 | $22.6M | Reduce -0.3% |
| IJT iShares S&P Small-Cap 600 GR | 0.94% | 158,033 | $22.4M | Reduce -1.3% |
| EME Emcor Group Inc. | 0.94% | 34,360 | $22.3M | Reduce -5.4% |
| IJS iShares S&P Small-Cap 600 Va | 0.92% | 197,897 | $21.9M | Reduce -0.8% |
| RTX RTX Corp. | 0.91% | 130,069 | $21.8M | Reduce -0.9% |
| SCHC Schwab Intl Small-Cap Equity | 0.90% | 468,694 | $21.3M | Reduce -0.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.88% | 145,260 | $21.0M | Add +0.8% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.87% | 199,058 | $20.8M | Add +0.9% |
| TDY Teledyne Technologies Inc. | 0.87% | 35,365 | $20.7M | Add +2.7% |
| ESE Esco Technologies Inc. | 0.86% | 96,951 | $20.5M | Reduce -1.8% |
| IVE iShares S&P 500 Value ETF | 0.84% | 96,875 | $20.0M | Reduce -1.1% |
| ROK Rockwell Automation Inc. | 0.82% | 55,988 | $19.6M | Add +4.1% |
| KLAC KLA Corp. | 0.80% | 17,691 | $19.1M | Reduce -0.4% |
| AXP American Express Co. | 0.78% | 55,738 | $18.5M | Reduce -0.2% |
| LECO Lincoln Electric Holdings | 0.77% | 77,681 | $18.3M | Reduce -0.2% |
| IWD iShares Russell 1000 Value E | 0.76% | 89,074 | $18.1M | Reduce -0.8% |
| META Meta Platforms Inc. Class A | 0.75% | 24,419 | $17.9M | Reduce -0.1% |
| GLW Corning Inc. | 0.74% | 215,861 | $17.7M | Reduce -6.6% |
| MCO Moody's Corp. | 0.74% | 37,090 | $17.7M | Reduce -0.3% |
| ULTA Ulta Beauty Inc. | 0.74% | 32,162 | $17.6M | Add +0.5% |
| URI United Rentals Inc. | 0.73% | 18,129 | $17.3M | Add +4.4% |
| CW Curtiss-Wright Corp. | 0.72% | 31,764 | $17.2M | Reduce -38.6% |
| WMT Walmart Inc. | 0.70% | 160,647 | $16.6M | Reduce -4.6% |
| STE Steris PLC | 0.69% | 66,237 | $16.4M | Add +3.3% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.67% | 178,809 | $15.9M | Add +0.8% |
| GRMN Garmin Ltd. | 0.63% | 61,252 | $15.1M | Reduce -1.5% |
| AME Ametek Inc. | 0.63% | 79,344 | $14.9M | Add +6.8% |
| NDAQ Nasdaq Inc. | 0.62% | 167,862 | $14.8M | Add +5.5% |
| TRV The Travelers Cos Inc. | 0.62% | 53,171 | $14.8M | Reduce -0.1% |
| SYK Stryker Corp. | 0.61% | 39,153 | $14.5M | Add +3.0% |
| MCK McKesson Corp. | 0.60% | 18,576 | $14.4M | Add +2.4% |
| PGR Progressive Corp. | 0.59% | 56,700 | $14.0M | Reduce -1.0% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.58% | 180,135 | $13.8M | Reduce -2.2% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.57% | 142,029 | $13.6M | Reduce -0.6% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.57% | 104,948 | $13.6M | Reduce -1.0% |
| NTAP Netapp Inc. | 0.56% | 113,464 | $13.4M | Reduce -3.5% |
| CSCO Cisco Systems Inc. | 0.56% | 195,284 | $13.4M | Reduce -0.7% |
| BR Broadridge Financial Solutio | 0.56% | 56,071 | $13.4M | Add +3.7% |
| PG The Procter & Gamble Co. | 0.56% | 86,777 | $13.3M | Reduce -0.7% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.56% | 44,997 | $13.2M | Add +0.7% |
| NDSN Nordson Corp. | 0.55% | 57,936 | $13.1M | Reduce -4.3% |
| EMR Emerson Electric Co. | 0.55% | 98,994 | $13.0M | Add +4.1% |
| MLM Martin Marietta Materials | 0.54% | 20,222 | $12.7M | Add +4.2% |
| PH Parker Hannifin Corp. | 0.53% | 16,672 | $12.6M | Reduce -0.5% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.53% | 228,330 | $12.6M | Add +2.9% |
| SSNC Ss&c Technologies Holdings | 0.53% | 140,865 | $12.5M | Reduce -0.8% |
| TER Teradyne Inc. | 0.52% | 90,601 | $12.5M | Add +83.1% |
| PKG Packaging Corp. of America | 0.51% | 55,734 | $12.1M | Reduce -1.6% |
| ADI Analog Devices Inc. | 0.51% | 49,028 | $12.0M | Add +0.7% |
| CSX CSX Corp. | 0.50% | 338,246 | $12.0M | Add +1.2% |
| INTU Intuit Inc. | 0.50% | 17,465 | $11.9M | Add +0.3% |
| V Visa Inc. Class A | 0.50% | 34,815 | $11.9M | Reduce -0.1% |
| EXPD Expeditors Intl Wash Inc. | 0.50% | 96,621 | $11.8M | Add +3.5% |
| PLXS Plexus Corp. | 0.50% | 81,507 | $11.8M | Reduce -0.2% |
| LHX L3HARRIS Technologies Inc. | 0.48% | 37,278 | $11.4M | Add +14.3% |
| CACI Caci International Inc. Class A | 0.46% | 21,782 | $10.9M | Add +0.5% |
| JNJ Johnson & Johnson | 0.44% | 56,183 | $10.4M | Add +0.7% |
| SNPS Synopsys Inc. | 0.43% | 20,926 | $10.3M | Reduce -0.5% |
| TSCO Tractor Supply Company | 0.43% | 180,223 | $10.2M | Add +6.2% |
| LH Labcorp Holdings Inc. | 0.43% | 35,567 | $10.2M | Reduce -4.1% |
| COST Costco Wholesale Corp. | 0.42% | 10,908 | $10.1M | Reduce -3.8% |
| TXN Texas Instruments Inc. | 0.41% | 53,339 | $9.8M | Add +1.8% |
| APH Amphenol Corp. Class A | 0.41% | 78,019 | $9.7M | Add +1.6% |
| MRK Merck & Co. Inc. | 0.40% | 113,610 | $9.5M | Reduce -2.9% |
| AON Aon PLC Class A | 0.40% | 26,635 | $9.5M | Add +0.6% |
| EXLS Exlservice Holdings Inc. | 0.40% | 215,137 | $9.5M | Add +1.7% |
| SNA Snap-on Inc. | 0.39% | 27,038 | $9.4M | Reduce -1.1% |
| IJR iShares Core S&P Small-Cap E | 0.39% | 77,429 | $9.2M | Reduce -1.3% |
| ADP Automatic Data Processing | 0.38% | 30,782 | $9.0M | Add +0.4% |
| BKNG Booking Holdings Inc. | 0.37% | 1,637 | $8.8M | Add +2.8% |
| FERG Ferguson Enterprises Inc. | 0.37% | 39,122 | $8.8M | Reduce -2.5% |
| LFUS Littelfuse Inc. | 0.37% | 33,680 | $8.7M | Add +0.5% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.37% | 18,787 | $8.7M | Reduce -0.3% |
| IJH iShares Core S&P Midcap ETF | 0.36% | 130,523 | $8.5M | Reduce -0.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.35% | 73,570 | $8.4M | Add +2.1% |
| DOX Amdocs Ltd. | 0.35% | 102,629 | $8.4M | Reduce -1.5% |
| IWP iShares Russell Mid-Cap Grow | 0.35% | 58,422 | $8.3M | Reduce -1.6% |
| HIG Hartford Insurance Group Inc. | 0.35% | 62,216 | $8.3M | Reduce -0.9% |
| CME Cme Group Inc. | 0.35% | 30,573 | $8.3M | Add +11.8% |
| GD General Dynamics Corp. | 0.35% | 24,101 | $8.2M | Add +1.6% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $9K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 6 | $7K | No change |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 45 | $1K | No change |
Total filed on the 13F, all lines: $2.4B.
Portfolio Sells Q2 2025 → Q3 2025
| CW Curtiss-Wright Corp. | Reduce -38.6% | 0.72% | −0.39 |
| TGT Target Corp. | Reduce -79.8% | 0.05% | −0.25 |
| GMS GMS Inc. | Sold out | 0.00% | −0.21 |
| PRGS Progress Software Corp. | Reduce -18.2% | 0.18% | −0.15 |
| GIS General Mills Inc. | Reduce -82.8% | 0.02% | −0.11 |
| IBM Intl Business Machines Corp. | Reduce -0.3% | 0.95% | −0.10 |
| WAT Waters Corp. | Reduce -9.2% | 0.27% | −0.10 |
| PGR Progressive Corp. | Reduce -1.0% | 0.59% | −0.09 |
| MCO Moody's Corp. | Reduce -0.3% | 0.74% | −0.08 |
| ELV Elevance Health Inc. | Reduce -12.7% | 0.17% | −0.08 |
| LSTR Landstar System Inc. | Reduce -11.8% | 0.21% | −0.07 |
| COST Costco Wholesale Corp. | Reduce -3.8% | 0.42% | −0.07 |
| CI The Cigna Group | Reduce -0.6% | 0.31% | −0.07 |
| DOX Amdocs Ltd. | Reduce -1.5% | 0.35% | −0.07 |
| CTSH Cognizant Tech Solutions-A | Reduce -6.7% | 0.21% | −0.07 |
| ACN Accenture PLC Class A | Reduce -1.6% | 0.22% | −0.07 |
| GIB Cgi Inc. | Reduce -10.6% | 0.16% | −0.06 |
| ATR Aptargroup Inc. | Reduce -0.3% | 0.26% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -0.7% | 0.56% | −0.06 |
| MSFT Microsoft Corp. | Reduce -1.9% | 1.58% | −0.05 |
| V Visa Inc. Class A | Reduce -0.1% | 0.50% | −0.05 |
| META Meta Platforms Inc. Class A | Reduce -0.1% | 0.75% | −0.05 |
| ADBE Adobe Inc. | Reduce -3.6% | 0.23% | −0.05 |
| SNPS Synopsys Inc. | Reduce -0.5% | 0.43% | −0.04 |
| CSCO Cisco Systems Inc. | Reduce -0.7% | 0.56% | −0.04 |
| NSIT Insight Enterprises Inc. | Reduce -0.1% | 0.15% | −0.04 |
| LKQ LKQ Corp. | Reduce -24.5% | 0.06% | −0.04 |
| STZ Constellation Brands Inc. Class A | Reduce -16.1% | 0.08% | −0.04 |
| CAH Cardinal Health Inc. | Reduce -1.4% | 0.26% | −0.04 |
| EMN Eastman Chemical Co. | Reduce -15.0% | 0.08% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -2.3% | 0.16% | −0.04 |
| IEX Idex Corp. | Reduce -12.5% | 0.12% | −0.04 |
| WMT Walmart Inc. | Reduce -4.6% | 0.70% | −0.03 |
| DVA Davita Inc. | Reduce -1.3% | 0.22% | −0.03 |
| WSO Watsco Inc. | Reduce -25.2% | 0.06% | −0.03 |
| HSIC Henry Schein Inc. | Reduce -5.0% | 0.15% | −0.03 |
| MKL Markel Group Inc. | Reduce -1.3% | 0.28% | −0.03 |
| APD Air Products & Chemicals Inc. | Reduce -0.0% | 0.33% | −0.03 |
| GPN Global Payments Inc. | Reduce -19.2% | 0.11% | −0.03 |
| SPNS Sapiens International Corp. | Sold out | 0.00% | −0.03 |
| TNET Trinet Group Inc. | Reduce -5.8% | 0.11% | −0.03 |
| FIS Fidelity National Info Serv | Reduce -5.3% | 0.07% | −0.03 |
| MIDD Middleby Corp. | Reduce -4.0% | 0.13% | −0.02 |
| CHD Church & Dwight Co. Inc. | Reduce -1.8% | 0.14% | −0.02 |
| KAI Kadant Inc. | Reduce -1.5% | 0.17% | −0.02 |
| ODFL Old Dominion Freight Line | Reduce -2.1% | 0.10% | −0.02 |
| NDSN Nordson Corp. | Reduce -4.3% | 0.55% | −0.02 |
| TROW T Rowe Price Group Inc. | Reduce -32.6% | 0.05% | −0.02 |
| UPS United Parcel Service Class B | Reduce -7.9% | 0.06% | −0.02 |
| CPRT Copart Inc. | Reduce -4.1% | 0.11% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +4.3% | 1.79% | +0.33 |
| TER Teradyne Inc. | Add +83.1% | 0.52% | +0.33 |
| GOOG Alphabet Inc. Class C | Add +1.1% | 1.19% | +0.29 |
| BRO Brown & Brown Inc. | New | 0.28% | +0.28 |
| URI United Rentals Inc. | Add +4.4% | 0.73% | +0.15 |
| IT Gartner Inc. | New | 0.13% | +0.13 |
| LHX L3HARRIS Technologies Inc. | Add +14.3% | 0.48% | +0.12 |
| TJX TJX Companies Inc. | Add +0.8% | 0.88% | +0.09 |
| TDY Teledyne Technologies Inc. | Add +2.7% | 0.87% | +0.09 |
| ALLE Allegion PLC | Add +67.3% | 0.18% | +0.09 |
| ULTA Ulta Beauty Inc. | Add +0.5% | 0.74% | +0.08 |
| APH Amphenol Corp. Class A | Add +1.6% | 0.41% | +0.07 |
| CMI Cummins Inc. | Add +2.2% | 0.34% | +0.07 |
| AMAT Applied Materials Inc. | Add +19.8% | 0.30% | +0.06 |
| MLM Martin Marietta Materials | Add +4.2% | 0.54% | +0.06 |
| JNJ Johnson & Johnson | Add +0.7% | 0.44% | +0.06 |
| DPZ Domino's Pizza Inc. | New | 0.05% | +0.05 |
| DHI D.R. Horton Inc. | Add +30.3% | 0.12% | +0.05 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +0.9% | 0.87% | +0.04 |
| MKSI MKS Inc. | Add +1.1% | 0.24% | +0.04 |
| SLYV SS SPDR S&P 600 SC Val ETF | Add +0.8% | 0.67% | +0.04 |
| GD General Dynamics Corp. | Add +1.6% | 0.35% | +0.04 |
| TSCO Tractor Supply Company | Add +6.2% | 0.43% | +0.03 |
| TSEM Tower Semiconductor Ltd. | Add +24.5% | 0.07% | +0.03 |
| DORM Dorman Products Inc. | New | 0.03% | +0.03 |
| HLIO Helios Technologies Inc. | Add +5.5% | 0.09% | +0.03 |
| AME Ametek Inc. | Add +6.8% | 0.63% | +0.03 |
| ROK Rockwell Automation Inc. | Add +4.1% | 0.82% | +0.03 |
| MDYG SS SPDR S&P 400 MC GR ETF | Add +2.6% | 1.22% | +0.03 |
| LFUS Littelfuse Inc. | Add +0.5% | 0.37% | +0.03 |
| OSK Oshkosh Corp. | Add +5.5% | 0.23% | +0.03 |
| SLYG SS SPDR S&P 600 SC GR ETF | Add +2.2% | 0.98% | +0.03 |
| AMKR Amkor Technology Inc. | Add +4.8% | 0.10% | +0.03 |
| EXPD Expeditors Intl Wash Inc. | Add +3.5% | 0.50% | +0.03 |
| OSIS Osi Systems Inc. | Add +1.9% | 0.34% | +0.02 |
| DCI Donaldson Co. Inc. | Add +1.2% | 0.18% | +0.02 |
| CSX CSX Corp. | Add +1.2% | 0.50% | +0.02 |
| ETHA iShares Ethereum Trust ETF | New | 0.02% | +0.02 |
| UHS Universal Health Services-B | Add +0.2% | 0.30% | +0.02 |
| MCRI Monarch Casino & Resort Inc. | Add +14.9% | 0.07% | +0.02 |
| UMBF Umb Financial Corp. | Add +1.4% | 0.23% | +0.02 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +2.9% | 0.53% | +0.02 |
| SCHV Schwab US Large-Cap Value | Add +1.6% | 1.22% | +0.02 |
| AYI Acuity Inc. | Add +25.1% | 0.06% | +0.02 |
| MSM MSC Industrial Direct Co. Class A | Add +8.2% | 0.15% | +0.01 |
| TMO Thermo Fisher Scientific Inc. | Add +1.3% | 0.12% | +0.01 |
| CVS CVS Health Corp. | Add +3.5% | 0.21% | +0.01 |
| MCK McKesson Corp. | Add +2.4% | 0.60% | +0.01 |
| SNX TD Synnex Corp. | Add +0.3% | 0.11% | +0.01 |
| BLK BlackRock Inc. | Add +0.5% | 0.24% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,391 | $2.7B | SCHG, AAPL, GOOG, MDYG, SCHF |
| Q1 2026 | 1,434 | $2.4B | SCHG, AAPL, GOOG, IDV, VEA |
| Q4 2025 | 982 | $2.4B | SCHG, AAPL, GOOG, MSFT, VEA |
| Q3 2025 | 940 | $2.4B | SCHG, AAPL, MSFT, VEA, JPM |
| Q2 2025 | 941 | $2.3B | SCHG, MSFT, AAPL, VEA, SCHF |
| Q1 2025 | 952 | $2.1B | SCHG, AAPL, BRK.B, MSFT, VEA |
| Q4 2024 | 971 | $2.1B | AAPL, SCHG, MSFT, MDYG, SCHV |
| Q3 2024 | 966 | $2.2B | AAPL, SCHG, MSFT, FICO, VEA |
| Q2 2024 | 968 | $2.0B | SCHG, AAPL, MSFT, VEA, MDYG |
| Q1 2024 | 836 | $2.0B | SCHG, MSFT, AAPL, VEA, MDYG |