Hurlow Wealth Management Group, Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), Hurlow Wealth Management Group, Inc. reported 120 stock positions worth $319.9 million. Its top holding was Vngrd Mrgstr LRG-Cap ETF-Usd (VV) at 11.5% of the portfolio, followed by Dimensional US Eq MKT ETF (DFUS, 9.0%) and Vanguard Ftse Developed ETF (VEA, 6.8%). Compared with Q4 2024, it opened 5 new positions, sold out of 6, added to 40 and reduced 34. The biggest buy was Vanguard Ftse Developed ETF (VEA, shares +1%) and the biggest sale Dimensional US Eq MKT ETF (DFUS, shares −1%).

Most Recent 13F
Q2 2026
Location
BLOOMINGTON, IN
CIK
0001747749
Portfolio Value
$319.9M (Q1 2025)
SEC Filing
0001747749-25-000004 ↗ filed May 8, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $283.3M Q1 2024 Q2 2024: $291.3M Q2 2024 Q3 2024: $320.6M Q3 2024 Q4 2024: $320.2M Q4 2024 Q1 2025: $319.9M $319.9M Q1 2025 Q2 2025: $354.0M Q2 2025 Q3 2025: $386.1M Q3 2025 Q4 2025: $408.5M Q4 2025 Q1 2026: $420.1M Q1 2026 Q2 2026: $480.6M Q2 2026

Holdings 120 stocks · $319.9M
VV Vngrd Mrgstr LRG-Cap ETF-Usd 11.52% 143,407 $36.9M Add +3.2%
DFUS Dimensional US Eq MKT ETF 9.01% 476,715 $28.8M Reduce -0.6%
VEA Vanguard Ftse Developed ETF 6.85% 431,077 $21.9M Add +0.5%
VB Vanguard Most SM-Cap ETF-Usd 5.78% 83,340 $18.5M Add +3.2%
DFAS Dimensional US Small Cap ETF 5.68% 304,296 $18.2M Add +6.1%
VNQ Vanguard Real Estate ETF 4.52% 159,703 $14.5M Add +4.8%
VUG Vanguard Mrngstar GR ETF-Sui 3.81% 32,857 $12.2M Reduce -0.4%
VCIT Vanguard Int-Term Corporate 3.02% 118,267 $9.7M Add +1.9%
VWO Vanguard Ftse Emerging Marke 2.88% 203,906 $9.2M Reduce -0.1%
MSFT Microsoft Corp. 2.81% 23,987 $9.0M Reduce -0.1%
VWOB Vanguard Emerg MKTS Gov BND 2.67% 133,308 $8.6M Add +3.1%
DFIC Dimensional International Co. 2.67% 307,662 $8.5M Add +10.2%
DFAX Dimensional World Ex US Core 2.54% 310,697 $8.1M Add +2.8%
VCSH Vanguard S/T Corp. Bond ETF 2.31% 93,518 $7.4M Add +5.2%
DFAI Dimensional International Co. 2.20% 225,748 $7.1M Reduce -1.9%
VTEB Vanguard Tax-Exempt Bond ETF 2.10% 135,383 $6.7M Reduce -4.4%
VIG Vanguard Dividend Apprec ETF 1.96% 32,334 $6.3M Reduce -5.9%
VTI VG Morningstar TS MKT ETF-US 1.67% 19,397 $5.3M No change
LLY Eli Lilly & Co. 1.58% 6,138 $5.1M Add +0.7%
BIV Vanguard Intermediate-Term B 1.47% 61,310 $4.7M Add +7.5%
AAPL Apple Inc. 1.33% 19,118 $4.2M Reduce -0.7%
BRK.B Berkshire Hathaway Inc. Class B 1.27% 7,607 $4.1M Reduce -1.3%
SPHY SS SPDR P High Yield ETF 1.19% 162,919 $3.8M Add +6.9%
VTIP Vanguard Short-Term Tips 1.13% 72,729 $3.6M Add +1.7%
VTV Vanguard Mrngstr Val ETF-Aui 0.84% 15,558 $2.7M Reduce -5.1%
SCHX Schwab US Large-Cap ETF 0.69% 99,456 $2.2M Add +26.8%
DFEM Dimensional Emrg MRKT Core 0.66% 80,372 $2.1M Add +16.3%
WMT Walmart Inc. 0.61% 22,311 $2.0M Add +8.1%
JNJ Johnson & Johnson 0.51% 9,875 $1.6M Add +0.1%
SCHA Schwab US Small-Cap ETF 0.51% 69,198 $1.6M Add +11.7%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.50% 6,197 $1.6M Reduce -7.8%
BRK.A Berkshire Hathaway Inc. Class A 0.50% 2 $1.6M Reduce -33.3%
SHM SS SPDR N Ice St Muni ETF 0.50% 33,410 $1.6M Reduce -6.2%
CINF Cincinnati Financial Corp. 0.48% 10,474 $1.5M Add +0.5%
JPM JPMorgan Chase & Co. 0.47% 6,097 $1.5M Add +10.1%
PG The Procter & Gamble Co. 0.44% 8,252 $1.4M No change
MUB iShares National Muni Bond E 0.39% 11,788 $1.2M Reduce -2.4%
ABBV Abbvie Inc. 0.36% 5,531 $1.2M No change
LOW Lowe's Cos Inc. 0.28% 3,792 $884K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.27% 1,537 $860K Add +29.5%
MCD McDonald's Corp. 0.27% 2,738 $855K Reduce -3.5%
HD Home Depot Inc. 0.24% 2,135 $782K Reduce -0.1%
ADP Automatic Data Processing 0.22% 2,325 $710K Reduce -2.4%
PAYX Paychex Inc. 0.21% 4,459 $688K No change
AFL Aflac Inc. 0.21% 5,954 $662K No change
JCI Johnson Controls Internation 0.20% 8,120 $650K No change
LIN Linde PLC 0.20% 1,378 $642K No change
AMZN Amazon.com Inc. 0.20% 3,334 $634K Reduce -8.3%
IWB iShares Russell 1000 ETF 0.19% 2,007 $616K No change
EMR Emerson Electric Co. 0.18% 5,318 $583K Add +0.0%
ORCL Oracle Corp. 0.18% 4,149 $580K No change
QQQ Invesco QQQ Trust Series 1 0.18% 1,229 $576K Reduce -37.9%
META Meta Platforms Inc. Class A 0.18% 995 $573K Add +5.8%
ELV Elevance Health Inc. 0.17% 1,287 $560K No change
DVY iShares Select Dividend ETF 0.17% 4,079 $548K Reduce -2.2%
SYK Stryker Corp. 0.17% 1,463 $545K Reduce -2.8%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.17% 550 $543K No change
PEP Pepsico Inc. 0.17% 3,521 $528K Reduce -0.1%
PM Philip Morris International 0.16% 3,270 $519K Add +15.7%
ADI Analog Devices Inc. 0.16% 2,561 $516K No change
NEE Nextera Energy Inc. 0.16% 7,057 $500K Add +0.0%
ABT Abbott Laboratories 0.15% 3,723 $494K Add +0.0%
GOOG Alphabet Inc. Class C 0.15% 3,139 $490K Add +0.1%
NSC Norfolk Southern Corp. 0.15% 2,028 $480K No change
VYM Vanguard High DVD Yield ETF 0.15% 3,677 $474K No change
XOM Exxon Mobil Corp. 0.15% 3,949 $470K Reduce -0.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.14% 3,795 $462K No change
MRK Merck & Co. Inc. 0.14% 5,039 $452K Add +10.0%
FDS Factset Research Systems Inc. 0.14% 988 $449K No change
CVX Chevron Corp. 0.14% 2,683 $449K New
ED Consolidated Edison Inc. 0.14% 4,011 $444K Add +0.0%
APD Air Products & Chemicals Inc. 0.14% 1,498 $442K Add +0.1%
GE General Electric filed as GE AEROSPACE 0.14% 2,207 $442K Add +5.5%
ITW Illinois Tool Works 0.14% 1,774 $440K Add +0.1%
SCHF Schwab Intl Equity ETF 0.13% 20,844 $412K Reduce -1.7%
BLK BlackRock Inc. 0.13% 428 $405K No change
LHX L3HARRIS Technologies Inc. 0.13% 1,930 $404K No change
CSCO Cisco Systems Inc. 0.12% 6,406 $395K Add +10.3%
GD General Dynamics Corp. 0.12% 1,450 $395K No change
VOO Vanguard S&P 500 ETF 0.12% 758 $390K Reduce -35.0%
SYY Sysco Corp. 0.11% 4,862 $365K Reduce -0.0%
VGSH Vanguard Short-Term Treasury 0.11% 5,977 $351K Reduce -11.1%
V Visa Inc. Class A 0.10% 958 $336K No change
NVS Novartis AG-Sponsored ADR 0.10% 2,969 $331K No change
ESML iShares ESG Aware MSCI USA S 0.10% 8,365 $321K Reduce -38.1%
RTX RTX Corp. 0.10% 2,418 $320K No change
NVDA Nvidia Corp. 0.10% 2,883 $312K Add +1.4%
WEC WEC Energy Group Inc. 0.10% 2,792 $304K Add +0.1%
MS Morgan Stanley 0.09% 2,593 $303K No change
MDT Medtronic PLC 0.09% 3,323 $299K No change
CL Colgate-Palmolive Co. 0.09% 3,185 $298K No change
WM Waste Management Inc. 0.09% 1,273 $295K No change
VOOG Vanguard S&P 500 Growth ETF 0.09% 875 $293K No change
COP Conocophillips 0.09% 2,783 $292K Add +0.3%
PSX Phillips 66 0.09% 2,326 $287K No change
ONB Old National Bancorp 0.09% 13,518 $286K No change
VXUS Vanguard Total Intl Stock 0.09% 4,604 $286K No change
DUK Duke Energy Corp. 0.09% 2,287 $279K Add +0.1%
XLK SS Technology Select Sector 0.09% 1,337 $276K No change
VT Vanguard Tot World STK ETF 0.09% 2,366 $274K Add +24.0%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.09% 1,086 $273K No change
TGT Target Corp. 0.08% 2,569 $268K Reduce -3.9%
COST Costco Wholesale Corp. 0.08% 283 $268K No change
VZ Verizon Communications Inc. 0.08% 5,808 $263K Reduce -0.7%
XLY SS Consumer Disc Select Sect 0.08% 1,295 $256K No change
BDX Becton Dickinson and Co. 0.08% 1,093 $250K Reduce -0.1%
CLX Clorox Company 0.08% 1,697 $250K No change
CAT Caterpillar Inc. 0.08% 747 $246K No change
GOOGL Alphabet Inc. Class A 0.08% 1,564 $242K Reduce -6.6%
ES Eversource Energy 0.07% 3,846 $239K Add +0.1%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.07% 566 $238K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 954 $237K New
WFC Wells Fargo & Co. 0.07% 3,291 $236K Reduce -3.9%
SHW The Sherwin-Williams Co. 0.07% 673 $235K No change
VEU Vanguard Ftse All-World Ex-U 0.07% 3,826 $232K No change
IQLT iShares MSCI International Q 0.07% 5,777 $229K No change
FQAL Fidelity Quality Factor ETF 0.07% 3,488 $224K No change
BP BP PLC-Spons ADR 0.07% 6,264 $212K New
MMM 3M Co. 0.07% 1,429 $210K New
HURA Tuhura Biosciences Inc. 0.03% 31,444 $102K Reduce -24.1%

Portfolio Sells Q4 2024 → Q1 2025
DFUS Dimensional US Eq MKT ETF Reduce -0.6% 9.01% −0.54
VUG Vanguard Mrngstar GR ETF-Sui Reduce -0.4% 3.81% −0.42
MSFT Microsoft Corp. Reduce -0.1% 2.81% −0.35
AAPL Apple Inc. Reduce -0.7% 1.33% −0.18
VIG Vanguard Dividend Apprec ETF Reduce -5.9% 1.96% −0.14
BRK.A Berkshire Hathaway Inc. Class A Reduce -33.3% 0.50% −0.14
QQQ Invesco QQQ Trust Series 1 Reduce -37.9% 0.18% −0.14
VTEB Vanguard Tax-Exempt Bond ETF Reduce -4.4% 2.10% −0.12
TSLA Tesla Inc. Sold out 0.00% −0.09
ESML iShares ESG Aware MSCI USA S Reduce -38.1% 0.10% −0.08
VOO Vanguard S&P 500 ETF Reduce -35.0% 0.12% −0.07
DIS The Walt Disney Co. Sold out 0.00% −0.07
AVUV Avantis US Small Cap Value Sold out 0.00% −0.07
IVV iShares Core S&P 500 ETF Sold out 0.00% −0.06
ACN Accenture PLC Class A Sold out 0.00% −0.06
PFE Pfizer Inc. Sold out 0.00% −0.06
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -7.8% 0.50% −0.05
AMZN Amazon.com Inc. Reduce -8.3% 0.20% −0.05
SHM SS SPDR N Ice St Muni ETF Reduce -6.2% 0.50% −0.03
TGT Target Corp. Reduce -3.9% 0.08% −0.03
VTV Vanguard Mrngstr Val ETF-Aui Reduce -5.1% 0.84% −0.03
GOOGL Alphabet Inc. Class A Reduce -6.6% 0.08% −0.02
HURA Tuhura Biosciences Inc. Reduce -24.1% 0.03% −0.02
HD Home Depot Inc. Reduce -0.1% 0.24% −0.02
MUB iShares National Muni Bond E Reduce -2.4% 0.39% −0.01
VGSH Vanguard Short-Term Treasury Reduce -11.1% 0.11% −0.01
PEP Pepsico Inc. Reduce -0.1% 0.17% −0.00
SYY Sysco Corp. Reduce -0.0% 0.11% −0.00
WFC Wells Fargo & Co. Reduce -3.9% 0.07% −0.00
DVY iShares Select Dividend ETF Reduce -2.2% 0.17% +0.00
BDX Becton Dickinson and Co. Reduce -0.1% 0.08% +0.00
SYK Stryker Corp. Reduce -2.8% 0.17% +0.00
ADP Automatic Data Processing Reduce -2.4% 0.22% +0.00
SCHF Schwab Intl Equity ETF Reduce -1.7% 0.13% +0.01
VZ Verizon Communications Inc. Reduce -0.7% 0.08% +0.01
MCD McDonald's Corp. Reduce -3.5% 0.27% +0.01
XOM Exxon Mobil Corp. Reduce -0.3% 0.15% +0.01
VWO Vanguard Ftse Emerging Marke Reduce -0.1% 2.88% +0.08
DFAI Dimensional International Co. Reduce -1.9% 2.20% +0.10
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.3% 1.27% +0.18

Portfolio Buys Q4 2024 → Q1 2025
VEA Vanguard Ftse Developed ETF Add +0.5% 6.85% +0.44
DFIC Dimensional International Co. Add +10.2% 2.67% +0.42
VNQ Vanguard Real Estate ETF Add +4.8% 4.52% +0.28
DFAX Dimensional World Ex US Core Add +2.8% 2.54% +0.20
VCSH Vanguard S/T Corp. Bond ETF Add +5.2% 2.31% +0.14
CVX Chevron Corp. New 0.14% +0.14
BIV Vanguard Intermediate-Term B Add +7.5% 1.47% +0.14
VWOB Vanguard Emerg MKTS Gov BND Add +3.1% 2.67% +0.13
SCHX Schwab US Large-Cap ETF Add +26.8% 0.69% +0.12
LLY Eli Lilly & Co. Add +0.7% 1.58% +0.11
VCIT Vanguard Int-Term Corporate Add +1.9% 3.02% +0.11
DFEM Dimensional Emrg MRKT Core Add +16.3% 0.66% +0.10
SPHY SS SPDR P High Yield ETF Add +6.9% 1.19% +0.08
DIA SS SPDR Dow Jones Indus Avg New 0.07% +0.07
IBM Intl Business Machines Corp. New 0.07% +0.07
BP BP PLC-Spons ADR New 0.07% +0.07
JNJ Johnson & Johnson Add +0.1% 0.51% +0.07
MMM 3M Co. New 0.07% +0.07
PM Philip Morris International Add +15.7% 0.16% +0.06
VTIP Vanguard Short-Term Tips Add +1.7% 1.13% +0.05
JPM JPMorgan Chase & Co. Add +10.1% 0.47% +0.05
SPY SS SPDR S&P 500 ETF Trust-US Add +29.5% 0.27% +0.05
WMT Walmart Inc. Add +8.1% 0.61% +0.03
GE General Electric Add +5.5% 0.14% +0.03
ED Consolidated Edison Inc. Add +0.0% 0.14% +0.03
ABT Abbott Laboratories Add +0.0% 0.15% +0.02
CSCO Cisco Systems Inc. Add +10.3% 0.12% +0.02
CINF Cincinnati Financial Corp. Add +0.5% 0.48% +0.02
VT Vanguard Tot World STK ETF Add +24.0% 0.09% +0.02
WEC WEC Energy Group Inc. Add +0.1% 0.10% +0.01
DUK Duke Energy Corp. Add +0.1% 0.09% +0.01
META Meta Platforms Inc. Class A Add +5.8% 0.18% +0.01
SCHA Schwab US Small-Cap ETF Add +11.7% 0.51% +0.01
ES Eversource Energy Add +0.1% 0.07% +0.01
COP Conocophillips Add +0.3% 0.09% +0.01
APD Air Products & Chemicals Inc. Add +0.1% 0.14% +0.00
MRK Merck & Co. Inc. Add +10.0% 0.14% −0.00
NEE Nextera Energy Inc. Add +0.0% 0.16% −0.00
ITW Illinois Tool Works Add +0.1% 0.14% −0.00
NVDA Nvidia Corp. Add +1.4% 0.10% −0.02
EMR Emerson Electric Co. Add +0.0% 0.18% −0.02
GOOG Alphabet Inc. Class C Add +0.1% 0.15% −0.03
DFAS Dimensional US Small Cap ETF Add +6.1% 5.68% −0.14
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +3.2% 11.52% −0.18
VB Vanguard Most SM-Cap ETF-Usd Add +3.2% 5.78% −0.29

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 125$480.6MVV, DFUS, DFAS, DFIC, VEA
Q1 2026 120$420.1MVV, DFUS, DFAS, VEA, DFIC
Q4 2025 120$408.5MVV, DFUS, DFAS, VEA, DFIC
Q3 2025 119$386.1MVV, DFUS, DFAS, VEA, VB
Q2 2025 127$354.0MVV, DFUS, VEA, DFAS, VB
Q1 2025 120$319.9MVV, DFUS, VEA, VB, DFAS
Q4 2024 121$320.2MVV, DFUS, VEA, VB, DFAS
Q3 2024 118$320.6MVV, DFUS, VEA, VB, DFAS
Q2 2024 116$291.3MVV, DFUS, VEA, VB, DFAS
Q1 2024 115$283.3MVV, DFUS, VEA, VB, DFAS