Hunter Associates Investment Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 21, 2026), Hunter Associates Investment Management LLC reported 249 stock positions worth $748.0 million. Its top holding was Goldman Activebeta US LC ETF (GSLC) at 6.3% of the portfolio, followed by Microsoft (MSFT, 5.4%) and Apple (AAPL, 5.3%). Compared with Q3 2025, it opened 12 new positions, sold out of 19, added to 101 and reduced 90. The biggest buy was a new position in F/M Emerald Spec Sit ETF (SPIT) and the biggest sale Fiserv (FISV, shares −56%).
- Most Recent 13F
- Q2 2026
- Location
- PITTSBURGH, PA
- CIK
- 0001380137
- Portfolio Value
- $748.0M (Q4 2025)
- SEC Filing
- 0001380137-26-000001 ↗ filed Jan 21, 2026
Holdings Value
Holdings 249 stocks · $748.0M
| GSLC Goldman Activebeta US LC ETF | 6.31% | 356,362 | $47.2M | Add +5.4% |
| MSFT Microsoft Corp. | 5.40% | 83,477 | $40.4M | Reduce -0.6% |
| AAPL Apple Inc. | 5.28% | 145,249 | $39.5M | Reduce -0.4% |
| FBND Fidelity Total Bond ETF | 3.48% | 565,279 | $26.0M | Add +22.0% |
| IHDG Wisdomtree International Hed | 3.18% | 488,774 | $23.8M | Reduce -0.6% |
| QQQM Invesco Nasdaq 100 ETF | 3.02% | 88,984 | $22.6M | Add +7.4% |
| ISTB iShares Core 1-5 Year Usd Bo | 2.91% | 446,603 | $21.8M | Add +15.4% |
| AVGO Broadcom Inc. | 2.24% | 48,441 | $16.8M | Reduce -2.2% |
| AMGN Amgen Inc. | 2.23% | 51,013 | $16.7M | Add +0.0% |
| XMHQ Invesco S&P Midcap Qual ETF | 2.20% | 160,795 | $16.5M | Add +7.1% |
| SCHD Schwab US DVD Equity ETF | 2.12% | 577,340 | $15.8M | Reduce -1.6% |
| CGMU Cap Group Municipal Income | 1.83% | 499,912 | $13.7M | Add +41.6% |
| APLD Applied Digital Corp. | 1.62% | 495,038 | $12.1M | Reduce -1.6% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 1.44% | 104,891 | $10.7M | Reduce -1.5% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 1.34% | 230,696 | $10.1M | Add +16.7% |
| RMD Resmed Inc. | 1.34% | 41,761 | $10.0M | Reduce -0.9% |
| JNJ Johnson & Johnson | 1.24% | 44,954 | $9.3M | Reduce -1.3% |
| CSCO Cisco Systems Inc. | 1.20% | 116,447 | $9.0M | Reduce -1.3% |
| LLY Eli Lilly & Co. | 1.06% | 7,351 | $7.9M | Reduce -6.0% |
| EXPE Expedia Group Inc. | 0.98% | 25,985 | $7.4M | Add +0.5% |
| PG The Procter & Gamble Co. | 0.97% | 50,831 | $7.3M | Add +0.4% |
| JEPI JPMorgan Equity Premium Inco | 0.97% | 126,449 | $7.2M | Add +1.5% |
| FOUR SHIFT4 Payments Inc. Class A | 0.96% | 113,644 | $7.2M | Add +15.9% |
| SAIA Saia Inc. | 0.95% | 21,858 | $7.1M | Add +2.4% |
| V Visa Inc. Class A | 0.89% | 18,995 | $6.7M | Add +1.4% |
| GLW Corning Inc. | 0.89% | 75,595 | $6.6M | Reduce -0.5% |
| TMO Thermo Fisher Scientific Inc. | 0.85% | 10,934 | $6.3M | Reduce -3.1% |
| ACN Accenture PLC Class A | 0.83% | 23,013 | $6.2M | Reduce -0.0% |
| GOOG Alphabet Inc. Class C | 0.79% | 18,791 | $5.9M | Add +0.4% |
| H Hyatt Hotels Corp. Class A | 0.79% | 36,679 | $5.9M | Add +2.4% |
| PEP Pepsico Inc. | 0.78% | 40,611 | $5.8M | Reduce -1.9% |
| XOM Exxon Mobil Corp. | 0.72% | 44,729 | $5.4M | Add +0.1% |
| ABBV Abbvie Inc. | 0.71% | 23,096 | $5.3M | Reduce -1.7% |
| JLL Jones Lang Lasalle Inc. | 0.69% | 15,272 | $5.1M | Add +0.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.68% | 17,126 | $5.1M | Add +4.0% |
| PM Philip Morris International | 0.62% | 28,977 | $4.6M | Reduce -0.8% |
| FDX FedEx Corp. | 0.61% | 15,862 | $4.6M | Reduce -1.5% |
| FNF Fidelity National Financial | 0.60% | 82,153 | $4.5M | Reduce -0.6% |
| CGCP Cap Group Core Plus Income | 0.60% | 197,186 | $4.5M | Add +67.5% |
| SGOV iShares 0-3 Month Treasury B | 0.57% | 42,564 | $4.3M | Add +134.7% |
| LH Labcorp Holdings Inc. | 0.56% | 16,705 | $4.2M | Reduce -0.8% |
| SPIT F/M Emerald Spec Sit ETF | 0.53% | 152,245 | $3.9M | New |
| NXPI NXP Semiconductors NV | 0.52% | 17,811 | $3.9M | Reduce -1.1% |
| JBL Jabil Inc. | 0.52% | 16,866 | $3.9M | Add +3.6% |
| ELMD Electromed Inc. | 0.47% | 120,550 | $3.5M | Add +2.4% |
| TPL Texas Pacific Land Corp. | 0.47% | 12,198 | $3.5M | Reduce -0.1% |
| CVX Chevron Corp. | 0.47% | 22,944 | $3.5M | Add +4.0% |
| MS Morgan Stanley | 0.46% | 19,446 | $3.5M | Reduce -0.9% |
| TRMB Trimble Inc. | 0.45% | 43,358 | $3.4M | Add +0.3% |
| LIND Lindblad Expeditions Holding | 0.44% | 228,490 | $3.3M | No change |
| FIX Comfort Systems USA Inc. | 0.43% | 3,464 | $3.2M | Reduce -5.2% |
| ABT Abbott Laboratories | 0.43% | 25,719 | $3.2M | Add +0.1% |
| SMG Scotts Miracle-Gro Co. | 0.43% | 54,435 | $3.2M | Add +6.4% |
| JPM JPMorgan Chase & Co. | 0.42% | 9,804 | $3.2M | Reduce -3.1% |
| PFE Pfizer Inc. | 0.40% | 119,423 | $3.0M | Reduce -1.4% |
| MCD McDonald's Corp. | 0.39% | 9,631 | $2.9M | Reduce -1.8% |
| GBIL Goldman Sachs Access Treasur | 0.38% | 28,753 | $2.9M | Add +152.7% |
| SNPS Synopsys Inc. | 0.38% | 6,078 | $2.9M | Add +70.5% |
| SYK Stryker Corp. | 0.38% | 8,003 | $2.8M | Reduce -1.4% |
| ARLO Arlo Technologies Inc. | 0.37% | 198,803 | $2.8M | Add +5.1% |
| TTWO Take-Two Interactive Softwre | 0.37% | 10,780 | $2.8M | Add +0.5% |
| PLMR Palomar Holdings Inc. | 0.36% | 20,267 | $2.7M | Add +2.4% |
| FAF First American Financial | 0.36% | 43,479 | $2.7M | Add +0.7% |
| AMZN Amazon.com Inc. | 0.35% | 11,417 | $2.6M | Add +2.0% |
| FISV Fiserv Inc. | 0.35% | 38,570 | $2.6M | Reduce -56.1% |
| KNF Knife River Corp. | 0.35% | 36,659 | $2.6M | Add +184.3% |
| MO Altria Group Inc. | 0.34% | 44,099 | $2.5M | Reduce -2.1% |
| PNC PNC Financial Services Group | 0.34% | 12,036 | $2.5M | Add +0.2% |
| GE General Electric filed as GE AEROSPACE | 0.34% | 8,147 | $2.5M | Reduce -0.2% |
| RTX RTX Corp. | 0.33% | 13,637 | $2.5M | Add +111.7% |
| GPC Genuine Parts Co. | 0.33% | 20,281 | $2.5M | Add +2.6% |
| QYLD Global X Nasd 100 Cov Call | 0.33% | 140,901 | $2.5M | Add +2.2% |
| VPG Vishay Precision Group | 0.33% | 63,588 | $2.5M | New |
| NVDA Nvidia Corp. | 0.32% | 12,837 | $2.4M | Add +6.0% |
| VGIT Vanguard Intermediate-Term T | 0.32% | 39,940 | $2.4M | Add +58.6% |
| CBRE CBRE Group Inc. Class A | 0.31% | 14,459 | $2.3M | Reduce -10.4% |
| SHM SS SPDR N Ice St Muni ETF | 0.31% | 48,341 | $2.3M | Reduce -24.3% |
| ODFL Old Dominion Freight Line | 0.31% | 14,693 | $2.3M | Reduce -7.7% |
| WM Waste Management Inc. | 0.30% | 10,167 | $2.2M | Add +0.2% |
| SNA Snap-on Inc. | 0.30% | 6,412 | $2.2M | Reduce -0.1% |
| APH Amphenol Corp. Class A | 0.29% | 16,224 | $2.2M | Reduce -0.2% |
| GOOGL Alphabet Inc. Class A | 0.29% | 6,988 | $2.2M | Add +7.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.29% | 4,344 | $2.2M | No change |
| RS Reliance Inc. | 0.29% | 7,538 | $2.2M | Add +2.9% |
| OFLX Omega Flex Inc. | 0.29% | 73,803 | $2.2M | Add +0.4% |
| DLR Digital Realty Trust Inc. | 0.29% | 13,959 | $2.2M | Reduce -0.5% |
| IAGG iShares Intl Aggregate Bond | 0.29% | 42,546 | $2.1M | Add +47.4% |
| LMT Lockheed Martin Corp. | 0.28% | 4,381 | $2.1M | Add +120.0% |
| CHDN Churchill Downs Inc. | 0.28% | 18,432 | $2.1M | Reduce -10.9% |
| ORCL Oracle Corp. | 0.27% | 10,350 | $2.0M | Add +1.8% |
| AZO AutoZone Inc. | 0.27% | 597 | $2.0M | Add +0.3% |
| BOOM DMC Global Inc. | 0.27% | 296,910 | $2.0M | Reduce -25.2% |
| SCCO Southern Copper Corp. | 0.26% | 13,765 | $2.0M | Reduce -0.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.26% | 7,354 | $1.9M | Reduce -3.0% |
| MDLZ Mondelez International Inc. Class A | 0.25% | 35,430 | $1.9M | Reduce -0.2% |
| ADP Automatic Data Processing | 0.25% | 7,271 | $1.9M | Reduce -1.6% |
| PPG PPG Industries Inc. | 0.25% | 18,052 | $1.8M | Reduce -6.4% |
| INTC Intel Corp. | 0.24% | 49,724 | $1.8M | Add +1.6% |
| IMCG iShares Morningstar Mid-Cap | 0.24% | 22,378 | $1.8M | Reduce -1.1% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.23% | 17,827 | $1.7M | Reduce -1.8% |
Portfolio Sells Q3 2025 → Q4 2025
| FISV Fiserv Inc. | Reduce -56.1% | 0.35% | −1.23 |
| BRBR Bellring Brands Inc. | Sold out | 0.00% | −0.70 |
| MSFT Microsoft Corp. | Reduce -0.6% | 5.40% | −0.65 |
| PRKS United Parks & Resorts Inc. | Sold out | 0.00% | −0.27 |
| RMD Resmed Inc. | Reduce -0.9% | 1.34% | −0.26 |
| WGO Winnebago Industries | Sold out | 0.00% | −0.22 |
| BOOM DMC Global Inc. | Reduce -25.2% | 0.27% | −0.20 |
| TXN Texas Instruments Inc. | Reduce -58.6% | 0.09% | −0.16 |
| MUB iShares National Muni Bond E | Sold out | 0.00% | −0.15 |
| SHM SS SPDR N Ice St Muni ETF | Reduce -24.3% | 0.31% | −0.12 |
| LH Labcorp Holdings Inc. | Reduce -0.8% | 0.56% | −0.11 |
| SCHD Schwab US DVD Equity ETF | Reduce -1.6% | 2.12% | −0.11 |
| FNF Fidelity National Financial | Reduce -0.6% | 0.60% | −0.09 |
| GIS General Mills Inc. | Reduce -48.9% | 0.08% | −0.09 |
| TROW T Rowe Price Group Inc. | Reduce -1.5% | 1.44% | −0.08 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -22.3% | 0.22% | −0.08 |
| K Kellanova | Sold out | 0.00% | −0.07 |
| MO Altria Group Inc. | Reduce -2.1% | 0.34% | −0.07 |
| SYM Symbotic Inc. | Sold out | 0.00% | −0.07 |
| TPL Texas Pacific Land Corp. | Reduce -0.1% | 0.47% | −0.06 |
| NXPI NXP Semiconductors NV | Reduce -1.1% | 0.52% | −0.05 |
| WSO Watsco Inc. | Reduce -1.8% | 0.20% | −0.05 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.2% | 0.25% | −0.05 |
| ADP Automatic Data Processing | Reduce -1.6% | 0.25% | −0.05 |
| ABBV Abbvie Inc. | Reduce -1.7% | 0.71% | −0.05 |
| ADBE Adobe Inc. | Reduce -55.7% | 0.04% | −0.05 |
| HBAN Huntington Bancshares Inc. | Reduce -37.8% | 0.07% | −0.05 |
| DLR Digital Realty Trust Inc. | Reduce -0.5% | 0.29% | −0.05 |
| META Meta Platforms Inc. Class A | Reduce -3.7% | 0.21% | −0.04 |
| KMB Kimberly-Clark Corp. | Reduce -23.6% | 0.07% | −0.04 |
| UNP Union Pacific Corp. | Reduce -40.6% | 0.06% | −0.04 |
| MATW Matthews Intl Corp. Class A | Sold out | 0.00% | −0.04 |
| CBRE CBRE Group Inc. Class A | Reduce -10.4% | 0.31% | −0.04 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.04 |
| SYK Stryker Corp. | Reduce -1.4% | 0.38% | −0.04 |
| SJM The JM Smucker Co. | Reduce -1.8% | 0.23% | −0.04 |
| ETN Eaton Corp. PLC | Reduce -47.2% | 0.03% | −0.04 |
| VEEV Veeva Systems Inc. Class A | Sold out | 0.00% | −0.04 |
| PM Philip Morris International | Reduce -0.8% | 0.62% | −0.04 |
| HRI Herc Holdings Inc. | Reduce -32.6% | 0.16% | −0.03 |
| PPG PPG Industries Inc. | Reduce -6.4% | 0.25% | −0.03 |
| PAYX Paychex Inc. | Sold out | 0.00% | −0.03 |
| D Dominion Energy Inc. | Sold out | 0.00% | −0.03 |
| PFE Pfizer Inc. | Reduce -1.4% | 0.40% | −0.03 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.03 |
| AVGO Broadcom Inc. | Reduce -2.2% | 2.24% | −0.03 |
| XYL Xylem Inc. | Sold out | 0.00% | −0.03 |
| BGT BlackRock Fltng RT Inc. TR | Sold out | 0.00% | −0.03 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.03 |
| MOS The Mosaic Co. | Sold out | 0.00% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| SPIT F/M Emerald Spec Sit ETF | New | 0.53% | +0.53 |
| FBND Fidelity Total Bond ETF | Add +22.0% | 3.48% | +0.50 |
| CGMU Cap Group Municipal Income | Add +41.6% | 1.83% | +0.49 |
| VPG Vishay Precision Group | New | 0.33% | +0.33 |
| SGOV iShares 0-3 Month Treasury B | Add +134.7% | 0.57% | +0.32 |
| ISTB iShares Core 1-5 Year Usd Bo | Add +15.4% | 2.91% | +0.29 |
| AMGN Amgen Inc. | Add +0.0% | 2.23% | +0.23 |
| GBIL Goldman Sachs Access Treasur | Add +152.7% | 0.38% | +0.23 |
| CGCP Cap Group Core Plus Income | Add +67.5% | 0.60% | +0.22 |
| EXPE Expedia Group Inc. | Add +0.5% | 0.98% | +0.21 |
| KNF Knife River Corp. | Add +184.3% | 0.35% | +0.21 |
| CGDV Cap Group Dividend Value | Add +16.7% | 1.34% | +0.19 |
| RTX RTX Corp. | Add +111.7% | 0.33% | +0.18 |
| GSLC Goldman Activebeta US LC ETF | Add +5.4% | 6.31% | +0.18 |
| QQQM Invesco Nasdaq 100 ETF | Add +7.4% | 3.02% | +0.18 |
| GOOG Alphabet Inc. Class C | Add +0.4% | 0.79% | +0.16 |
| LMT Lockheed Martin Corp. | Add +120.0% | 0.28% | +0.14 |
| SNPS Synopsys Inc. | Add +70.5% | 0.38% | +0.14 |
| OTIS Otis Worldwide Corp. | New | 0.14% | +0.14 |
| VGIT Vanguard Intermediate-Term T | Add +58.6% | 0.32% | +0.11 |
| IAGG iShares Intl Aggregate Bond | Add +47.4% | 0.29% | +0.08 |
| H Hyatt Hotels Corp. Class A | Add +2.4% | 0.79% | +0.08 |
| GOOGL Alphabet Inc. Class A | Add +7.8% | 0.29% | +0.07 |
| SAIA Saia Inc. | Add +2.4% | 0.95% | +0.07 |
| ELMD Electromed Inc. | Add +2.4% | 0.47% | +0.07 |
| AMRZ Amrize Ltd. | Add +83.0% | 0.14% | +0.07 |
| LFSC F/M Emr Life Sciences in ETF | Add +13.1% | 0.23% | +0.06 |
| JLL Jones Lang Lasalle Inc. | Add +0.5% | 0.69% | +0.06 |
| XJH Ishare ESG SS S&P Midcap ETF | New | 0.05% | +0.05 |
| UPS United Parcel Service Class B | Add +40.0% | 0.14% | +0.05 |
| IWD iShares Russell 1000 Value E | New | 0.05% | +0.05 |
| RSP Invesco S&P 500 Equal Weight | New | 0.05% | +0.05 |
| IWF iShares Russell 1000 Growth | New | 0.04% | +0.04 |
| PLMR Palomar Holdings Inc. | Add +2.4% | 0.36% | +0.04 |
| CCI Crown Castle Inc. | New | 0.04% | +0.04 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +69.5% | 0.09% | +0.04 |
| IBM Intl Business Machines Corp. | Add +4.0% | 0.68% | +0.03 |
| CLIP Global X 1-3 Month T-Bill | New | 0.03% | +0.03 |
| BKNG Booking Holdings Inc. | New | 0.03% | +0.03 |
| IEMG iShares Core MSCI Emerging | New | 0.03% | +0.03 |
| SPTM SS SPDR P S&P 1500 Comp ETF | New | 0.03% | +0.03 |
| MRK Merck & Co. Inc. | Add +0.3% | 0.16% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +80.2% | 0.06% | +0.03 |
| CGGR Cap Group Growth Equity | Add +23.3% | 0.14% | +0.02 |
| JBL Jabil Inc. | Add +3.6% | 0.52% | +0.02 |
| ATI Ati Inc. | Add +13.7% | 0.06% | +0.02 |
| SMG Scotts Miracle-Gro Co. | Add +6.4% | 0.43% | +0.02 |
| MA Mastercard Inc. Class A | Add +47.0% | 0.07% | +0.02 |
| XOM Exxon Mobil Corp. | Add +0.1% | 0.72% | +0.02 |
| INTC Intel Corp. | Add +1.6% | 0.24% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 294 | $868.3M | GSLC, AAPL, MSFT, FBND, QQQM |
| Q1 2026 | 274 | $755.9M | GSLC, AAPL, MSFT, FBND, ISTB |
| Q4 2025 | 249 | $748.0M | GSLC, MSFT, AAPL, FBND, IHDG |
| Q3 2025 | 256 | $719.4M | GSLC, MSFT, AAPL, IHDG, FBND |
| Q2 2025 | 251 | $674.1M | GSLC, MSFT, AAPL, IHDG, FBND |
| Q1 2025 | 247 | $648.0M | AAPL, GSLC, MSFT, IHDG, SCHD |
| Q4 2024 | 254 | $656.7M | AAPL, MSFT, GSLC, IHDG, SCHD |
| Q3 2024 | 257 | $645.7M | MSFT, AAPL, GSLC, IHDG, SCHD |
| Q2 2024 | 252 | $594.9M | MSFT, AAPL, GSLC, IHDG, AMGN |
| Q1 2024 | 259 | $594.6M | MSFT, AAPL, GSLC, IHDG, AMGN |