GRIMES & Co WEALTH MANAGEMENT, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 21, 2025), GRIMES & Co WEALTH MANAGEMENT, LLC reported 380 stock positions worth $3.5 billion. Its top holding was Invesco Senior Loan ETF (BKLN) at 5.9% of the portfolio, followed by SS SPDR BB St Hi Yield ETF (SJNK, 5.7%) and iShares 0-5 YR HY Corp. Bond (SHYG, 5.7%). Compared with Q3 2024, it opened 36 new positions, sold out of 22, added to 195 and reduced 128. The biggest buy was Invesco Senior Loan ETF (BKLN, shares +3%) and the biggest sale iShares Core MSCI Eafe ETF (IEFA, shares −87%).
- Most Recent 13F
- Q2 2026
- Location
- WESTBOROUGH, MA
- CIK
- 0001321993
- Portfolio Value
- $3.5B (Q4 2024)
- SEC Filing
- 0001321993-25-000002 ↗ filed Jan 21, 2025
Holdings Value
Holdings 380 stocks · $3.5B
| BKLN Invesco Senior Loan ETF | 5.94% | 9,792,889 | $206.3M | Add +3.1% |
| SJNK SS SPDR BB St Hi Yield ETF | 5.71% | 7,848,992 | $198.2M | Add +5.1% |
| SHYG iShares 0-5 YR HY Corp. Bond | 5.69% | 4,637,431 | $197.6M | Add +5.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 4.86% | 702,124 | $168.7M | Add +4.0% |
| IEMG iShares Core MSCI Emerging | 4.25% | 2,827,534 | $147.7M | Add +2.2% |
| IVV iShares Core S&P 500 ETF | 4.08% | 240,376 | $141.5M | Add +0.6% |
| JHML John Hancock Multi Fact LRG | 3.38% | 1,686,491 | $117.5M | Reduce -1.3% |
| AAPL Apple Inc. | 3.16% | 438,289 | $109.8M | Reduce -10.1% |
| IWM iShares Russell 2000 ETF | 2.88% | 452,963 | $100.1M | Reduce -1.8% |
| XLK SS Technology Select Sector | 2.58% | 385,570 | $89.7M | Add +4.6% |
| XLC SS Comm Select Sector SPDR | 2.19% | 784,555 | $76.0M | Add +2.9% |
| MSFT Microsoft Corp. | 2.05% | 168,563 | $71.0M | Add +0.2% |
| HYD Vaneck High Yield Muni ETF | 1.78% | 1,189,221 | $61.7M | Add +4.4% |
| HYMB SS SPDR N Ice HY Muni ETF | 1.78% | 2,411,751 | $61.7M | Add +4.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.46% | 123,486 | $50.7M | Reduce -1.7% |
| XLY SS Consumer Disc Select Sect | 1.26% | 194,980 | $43.7M | Add +1.3% |
| IEFA iShares Core MSCI Eafe ETF | 1.03% | 509,777 | $35.8M | Reduce -86.7% |
| TSM Taiwan Semiconductor-SP ADR | 1.01% | 178,159 | $35.2M | Reduce -0.5% |
| XLP SS Consumer Staples Sel Sect | 0.95% | 420,744 | $33.1M | Add +121.9% |
| CSCO Cisco Systems Inc. | 0.95% | 554,522 | $32.8M | Add +1.0% |
| GOOGL Alphabet Inc. Class A | 0.94% | 172,932 | $32.7M | Reduce -0.3% |
| PRF Invesco Rafi US 1000 ETF | 0.94% | 810,807 | $32.7M | Reduce -2.1% |
| RSP Invesco S&P 500 Equal Weight | 0.92% | 181,371 | $31.8M | Add +1.7% |
| AMZN Amazon.com Inc. | 0.90% | 141,827 | $31.1M | Add +3.1% |
| META Meta Platforms Inc. Class A | 0.86% | 50,711 | $29.7M | Reduce -0.5% |
| HPE Hewlett Packard Enterprise | 0.80% | 1,299,276 | $27.7M | Add +0.3% |
| ETF SER SOLUTIONS | 0.79% | 1,091,723 | $27.4M | Reduce -2.4% |
| QCOM Qualcomm Inc. | 0.75% | 168,940 | $26.0M | Add +2.0% |
| BMY Bristol-Myers Squibb Co. | 0.71% | 436,001 | $24.7M | Reduce -2.1% |
| PAYX Paychex Inc. | 0.70% | 172,979 | $24.3M | Add +0.6% |
| AMGN Amgen Inc. | 0.69% | 92,264 | $24.0M | Add +0.8% |
| ACN Accenture PLC Class A | 0.66% | 65,503 | $23.0M | Add +1.2% |
| DOCU Docusign Inc. | 0.66% | 254,619 | $22.9M | Reduce -5.8% |
| XLE SS Energy Select Sector | 0.66% | 266,214 | $22.8M | Reduce -26.6% |
| RF Regions Financial Corp. | 0.65% | 962,900 | $22.6M | Add +1.7% |
| LULU Lululemon Athletica Inc. | 0.65% | 58,720 | $22.5M | Reduce -1.2% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.62% | 191,099 | $21.6M | Add +2.6% |
| JPM JPMorgan Chase & Co. | 0.62% | 89,513 | $21.5M | Reduce -0.1% |
| CRM Salesforce Inc. | 0.60% | 62,031 | $20.7M | Reduce -0.9% |
| XLI SS Industrial Select Sector | 0.57% | 150,843 | $19.9M | Reduce -34.7% |
| AVGO Broadcom Inc. | 0.56% | 83,358 | $19.3M | Reduce -0.9% |
| KMB Kimberly-Clark Corp. | 0.53% | 140,541 | $18.4M | Add +2.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.53% | 163,768 | $18.2M | Reduce -0.5% |
| ABBV Abbvie Inc. | 0.52% | 102,254 | $18.2M | Add +0.6% |
| EOG EOG Resources Inc. | 0.52% | 147,948 | $18.1M | Add +2.3% |
| RHI Robert Half Inc. | 0.52% | 256,889 | $18.1M | Reduce -1.9% |
| V Visa Inc. Class A | 0.51% | 55,962 | $17.7M | Reduce -0.1% |
| ZM Zoom Communications Inc. | 0.50% | 211,247 | $17.2M | Reduce -2.4% |
| GILD Gilead Sciences Inc. | 0.48% | 179,429 | $16.6M | Add +0.9% |
| UPS United Parcel Service Class B | 0.47% | 128,433 | $16.2M | Reduce -9.4% |
| IJR iShares Core S&P Small-Cap E | 0.45% | 136,205 | $15.7M | Reduce -1.1% |
| VCR Vanguard Consumer Discre ETF | 0.45% | 41,491 | $15.6M | Add +7.3% |
| MDT Medtronic PLC | 0.44% | 191,631 | $15.3M | Reduce -1.7% |
| AMD Advanced Micro Devices | 0.44% | 125,195 | $15.1M | Reduce -1.3% |
| JNJ Johnson & Johnson | 0.43% | 102,409 | $14.8M | Add +1.6% |
| XLB SS Materials Select Sector | 0.40% | 165,439 | $13.9M | Add +220.8% |
| GOOG Alphabet Inc. Class C | 0.39% | 71,174 | $13.6M | Reduce -0.4% |
| ETN Eaton Corp. PLC | 0.38% | 39,266 | $13.0M | Add +1.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.38% | 22,227 | $13.0M | Add +0.2% |
| HSY The Hershey Co. | 0.37% | 75,108 | $12.7M | Reduce -17.7% |
| INCY Incyte Corp. | 0.37% | 183,830 | $12.7M | Reduce -0.1% |
| AGG iShares Core U.S. Aggregate | 0.37% | 131,005 | $12.7M | Add +38.8% |
| A Agilent Technologies Inc. | 0.36% | 93,386 | $12.5M | Add +0.1% |
| NVDA Nvidia Corp. | 0.36% | 106,444 | $12.5M | Reduce -8.6% |
| SCHX Schwab US Large-Cap ETF | 0.36% | 533,648 | $12.4M | Add +8.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.35% | 278,905 | $12.3M | Add +0.2% |
| AMAT Applied Materials Inc. | 0.35% | 74,931 | $12.2M | Add +0.8% |
| PYPL PayPal Holdings Inc. | 0.35% | 141,373 | $12.1M | Add +0.3% |
| FFIV F5 Inc. | 0.34% | 47,365 | $11.9M | Add +0.0% |
| AXP American Express Co. | 0.34% | 40,118 | $11.9M | Reduce -1.4% |
| CTSH Cognizant Tech Solutions-A | 0.34% | 151,277 | $11.6M | Add +0.3% |
| GGG Graco Inc. | 0.33% | 137,697 | $11.6M | Add +2.9% |
| UNH Unitedhealth Group Inc. | 0.33% | 22,823 | $11.5M | Add +1.0% |
| PEP Pepsico Inc. | 0.32% | 72,673 | $11.1M | Add +1.4% |
| IJH iShares Core S&P Midcap ETF | 0.31% | 170,049 | $10.6M | Add +4.5% |
| VZ Verizon Communications Inc. | 0.29% | 250,971 | $10.0M | Reduce -3.8% |
| CVX Chevron Corp. | 0.26% | 62,104 | $9.0M | Add +4.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.26% | 103,680 | $8.9M | Reduce -2.1% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.25% | 226,536 | $8.7M | Reduce -4.9% |
| XOM Exxon Mobil Corp. | 0.24% | 77,627 | $8.4M | Add +10.0% |
| XLV SS Health Care Select Sector | 0.24% | 59,375 | $8.2M | Reduce -72.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.23% | 17,664 | $8.0M | Add +5.2% |
| DFAE Dimensional Emerging Core Eq | 0.23% | 312,058 | $7.9M | Add +22.3% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.23% | 230,537 | $7.9M | Reduce -4.4% |
| NKE Nike Inc. Class B | 0.22% | 102,845 | $7.8M | Reduce -29.8% |
| LMT Lockheed Martin Corp. | 0.22% | 15,978 | $7.8M | Add +4.6% |
| ALB Albemarle Corp. | 0.22% | 89,669 | $7.7M | Reduce -22.1% |
| NXPI NXP Semiconductors NV | 0.22% | 36,766 | $7.6M | Add +5.7% |
| TMO Thermo Fisher Scientific Inc. | 0.22% | 14,390 | $7.5M | Add +502.1% |
| EFA iShares MSCI Eafe ETF | 0.21% | 98,659 | $7.5M | Reduce -3.8% |
| CMCSA Comcast Corp. Class A | 0.21% | 194,212 | $7.3M | Reduce -1.4% |
| ADBE Adobe Inc. | 0.20% | 15,333 | $6.8M | Reduce -3.5% |
| ABT Abbott Laboratories | 0.19% | 58,124 | $6.6M | Add +0.3% |
| MKC McCormick & Co.-Non VTG SHRS | 0.19% | 84,537 | $6.4M | Add +3.5% |
| MA Mastercard Inc. Class A | 0.18% | 11,726 | $6.2M | Add +0.5% |
| STZ Constellation Brands Inc. Class A | 0.18% | 27,600 | $6.1M | New |
| PG The Procter & Gamble Co. | 0.16% | 33,151 | $5.6M | Add +1.5% |
| SCHF Schwab Intl Equity ETF | 0.16% | 296,720 | $5.5M | Reduce -16.4% |
| VOO Vanguard S&P 500 ETF | 0.15% | 9,529 | $5.1M | Reduce -0.7% |
| RTX RTX Corp. | 0.15% | 43,644 | $5.1M | Reduce -2.1% |
Portfolio Sells Q3 2024 → Q4 2024
| IEFA iShares Core MSCI Eafe ETF | Reduce -86.7% | 1.03% | −7.05 |
| XLV SS Health Care Select Sector | Reduce -72.6% | 0.24% | −0.67 |
| CVS CVS Health Corp. | Reduce -96.3% | 0.01% | −0.45 |
| XLI SS Industrial Select Sector | Reduce -34.7% | 0.57% | −0.27 |
| TGT Target Corp. | Reduce -85.5% | 0.03% | −0.21 |
| XLE SS Energy Select Sector | Reduce -26.6% | 0.66% | −0.20 |
| BIIB Biogen Inc. | Reduce -46.0% | 0.11% | −0.14 |
| AMD Advanced Micro Devices | Reduce -1.3% | 0.44% | −0.13 |
| NKE Nike Inc. Class B | Reduce -29.8% | 0.22% | −0.13 |
| HSY The Hershey Co. | Reduce -17.7% | 0.37% | −0.11 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -2.1% | 0.26% | −0.08 |
| ALB Albemarle Corp. | Reduce -22.1% | 0.22% | −0.07 |
| VEA Vanguard Ftse Developed ETF | Reduce -30.9% | 0.14% | −0.07 |
| UPS United Parcel Service Class B | Reduce -9.4% | 0.47% | −0.06 |
| LEA Lear Corp. | Reduce -22.2% | 0.13% | −0.05 |
| ESGD iShares Trust iShares ESG Aw | Reduce -75.3% | 0.01% | −0.05 |
| SCHF Schwab Intl Equity ETF | Reduce -16.4% | 0.16% | −0.04 |
| MDT Medtronic PLC | Reduce -1.7% | 0.44% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -3.8% | 0.29% | −0.03 |
| ADBE Adobe Inc. | Reduce -3.5% | 0.20% | −0.03 |
| SLB SLB Ltd. | Reduce -4.9% | 0.25% | −0.02 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -4.4% | 0.23% | −0.02 |
| TRIN Trinity Capital Inc. | Sold out | 0.00% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -3.8% | 0.21% | −0.02 |
| INTC Intel Corp. | Reduce -18.6% | 0.05% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -1.4% | 0.21% | −0.01 |
| IDXX Idexx Laboratories Inc. | Reduce -4.9% | 0.05% | −0.01 |
| RA Brookfield Real Assets Incom | Sold out | 0.00% | −0.01 |
| FDUS Fidus Investment Corp. | Sold out | 0.00% | −0.01 |
| SBUX Starbucks Corp. | Reduce -8.8% | 0.08% | −0.01 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.01 |
| SO The Southern Co. | Reduce -16.2% | 0.03% | −0.01 |
| VEU Vanguard Ftse All-World Ex-U | Sold out | 0.00% | −0.01 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -40.1% | 0.01% | −0.01 |
| WPM Wheaton Precious Metals Corp. | Sold out | 0.00% | −0.01 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.01 |
| FTSL First Trust Senior Loan ETF | Sold out | 0.00% | −0.01 |
| MAS Masco Corp. | Sold out | 0.00% | −0.01 |
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −0.01 |
| WM Waste Management Inc. | Sold out | 0.00% | −0.01 |
| ALLE Allegion PLC | Sold out | 0.00% | −0.01 |
| MMIN Nylim Mackay Muni Insured Et | Sold out | 0.00% | −0.01 |
| HPQ HP Inc. | Sold out | 0.00% | −0.01 |
| SRE Sempra | Sold out | 0.00% | −0.01 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.01 |
| PFE Pfizer Inc. | Reduce -4.2% | 0.07% | −0.01 |
| MCHP Microchip Technology Inc. | Reduce -12.2% | 0.01% | −0.00 |
| OTIS Otis Worldwide Corp. | Reduce -17.9% | 0.01% | −0.00 |
| HRTX Heron Therapeutics Inc. | Sold out | 0.00% | −0.00 |
| CARR Carrier Global Corp. | Reduce -0.8% | 0.02% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| BKLN Invesco Senior Loan ETF | Add +3.1% | 5.94% | +0.55 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +4.0% | 4.86% | +0.53 |
| XLP SS Consumer Staples Sel Sect | Add +121.9% | 0.95% | +0.53 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +5.4% | 5.69% | +0.52 |
| SJNK SS SPDR BB St Hi Yield ETF | Add +5.1% | 5.71% | +0.51 |
| IVV iShares Core S&P 500 ETF | Add +0.6% | 4.08% | +0.35 |
| XLK SS Technology Select Sector | Add +4.6% | 2.58% | +0.33 |
| XLC SS Comm Select Sector SPDR | Add +2.9% | 2.19% | +0.32 |
| XLB SS Materials Select Sector | Add +220.8% | 0.40% | +0.27 |
| XLY SS Consumer Disc Select Sect | Add +1.3% | 1.26% | +0.22 |
| AMZN Amazon.com Inc. | Add +3.1% | 0.90% | +0.20 |
| STZ Constellation Brands Inc. Class A | New | 0.18% | +0.18 |
| TMO Thermo Fisher Scientific Inc. | Add +502.1% | 0.22% | +0.18 |
| CSCO Cisco Systems Inc. | Add +1.0% | 0.95% | +0.15 |
| HYD Vaneck High Yield Muni ETF | Add +4.4% | 1.78% | +0.14 |
| GSK GSK PLC-Spon ADR | New | 0.14% | +0.14 |
| HYMB SS SPDR N Ice HY Muni ETF | Add +4.2% | 1.78% | +0.13 |
| AVLC Avantis US LG Cap Eq ETF | Add +610.4% | 0.13% | +0.12 |
| AGG iShares Core U.S. Aggregate | Add +38.8% | 0.37% | +0.11 |
| VDC Vanguard Consumer Staple ETF | New | 0.10% | +0.10 |
| IBB iShares Biotechnology ETF | New | 0.10% | +0.10 |
| BINC iShares Flex I A ETF-Usd Inc. | New | 0.09% | +0.09 |
| IYK iShares US Consumer Staples | New | 0.09% | +0.09 |
| VCR Vanguard Consumer Discre ETF | Add +7.3% | 0.45% | +0.09 |
| MSFT Microsoft Corp. | Add +0.2% | 2.05% | +0.09 |
| HPE Hewlett Packard Enterprise | Add +0.3% | 0.80% | +0.08 |
| PAYX Paychex Inc. | Add +0.6% | 0.70% | +0.07 |
| GILD Gilead Sciences Inc. | Add +0.9% | 0.48% | +0.07 |
| TROW T Rowe Price Group Inc. | Add +2.6% | 0.62% | +0.07 |
| JIRE JPMorgan Int Res Enh Eqty | Add +985.0% | 0.08% | +0.07 |
| LIT Global X Lithium & Battery T | New | 0.07% | +0.07 |
| IYT iShares US Transportation Et | New | 0.06% | +0.06 |
| FFIV F5 Inc. | Add +0.0% | 0.34% | +0.06 |
| SCHX Schwab US Large-Cap ETF | Add +8.5% | 0.36% | +0.06 |
| RF Regions Financial Corp. | Add +1.7% | 0.65% | +0.05 |
| BAC Bank of America Corp. | Add +0.2% | 0.35% | +0.05 |
| RSP Invesco S&P 500 Equal Weight | Add +1.7% | 0.92% | +0.05 |
| PYPL PayPal Holdings Inc. | Add +0.3% | 0.35% | +0.05 |
| ACN Accenture PLC Class A | Add +1.2% | 0.66% | +0.04 |
| EOG EOG Resources Inc. | Add +2.3% | 0.52% | +0.04 |
| DFAE Dimensional Emerging Core Eq | Add +22.3% | 0.23% | +0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.2% | 0.38% | +0.03 |
| IJH iShares Core S&P Midcap ETF | Add +4.5% | 0.31% | +0.03 |
| FSCO FS Credit Opportunities Corp. | New | 0.03% | +0.03 |
| IHE iShares US Pharmaceuticals E | New | 0.03% | +0.03 |
| ETN Eaton Corp. PLC | Add +1.0% | 0.38% | +0.03 |
| MUB iShares National Muni Bond E | Add +172.5% | 0.04% | +0.03 |
| IHI iShares U.S. Medical Devices | New | 0.03% | +0.03 |
| MA Mastercard Inc. Class A | Add +0.5% | 0.18% | +0.02 |
| CVX Chevron Corp. | Add +4.2% | 0.26% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 449 | $4.6B | VB, IEFA, IEMG, IVV, XLK |
| Q1 2026 | 433 | $3.6B | IEFA, VB, IEMG, SJNK, IVV |
| Q4 2025 | 460 | $4.2B | IEFA, VB, IVV, SJNK, USHY |
| Q3 2025 | 450 | $4.0B | IEFA, VB, SJNK, USHY, SPHY |
| Q2 2025 | 413 | $3.7B | IEFA, SJNK, SPHY, USHY, IVV |
| Q1 2025 | 368 | $3.2B | BKLN, SJNK, SHYG, IEFA, VB |
| Q4 2024 | 380 | $3.5B | BKLN, SJNK, SHYG, VB, IEMG |
| Q3 2024 | 366 | $3.7B | IEFA, BKLN, SJNK, SHYG, VB |
| Q2 2024 | 349 | $3.3B | IEFA, BKLN, SJNK, SHYG, IEMG |
| Q1 2024 | 345 | $3.3B | IEFA, BKLN, SJNK, SHYG, IVV |