Hurlow Wealth Management Group, Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), Hurlow Wealth Management Group, Inc. reported 119 stock positions worth $386.1 million. Its top holding was Vngrd Mrgstr LRG-Cap ETF-Usd (VV) at 13.8% of the portfolio, followed by Dimensional US Eq MKT ETF (DFUS, 11.1%) and Dimensional US Small Cap ETF (DFAS, 7.1%). Compared with Q2 2025, it opened 5 new positions, sold out of 13, added to 25 and reduced 50. The biggest buy was Dimensional International (DFIC, shares +67%) and the biggest sale Microsoft (MSFT, shares −83%).

Most Recent 13F
Q2 2026
Location
BLOOMINGTON, IN
CIK
0001747749
Portfolio Value
$386.1M (Q3 2025)
SEC Filing
0001747749-25-000009 ↗ filed Nov 5, 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 Q1 2025 Q2 2025: $354.0M Q2 2025 Q3 2025: $386.1M $386.1M Q3 2025 Q4 2025: $408.5M Q4 2025 Q1 2026: $420.1M Q1 2026 Q2 2026: $480.6M Q2 2026

Holdings 119 stocks · $386.1M
VV Vngrd Mrgstr LRG-Cap ETF-Usd 13.78% 172,787 $53.2M Add +15.9%
DFUS Dimensional US Eq MKT ETF 11.06% 589,748 $42.7M Add +16.0%
DFAS Dimensional US Small Cap ETF 7.13% 402,356 $27.5M Add +20.0%
VEA Vanguard Ftse Developed ETF 6.91% 445,040 $26.7M Add +3.7%
VB Vanguard Most SM-Cap ETF-Usd 5.70% 86,541 $22.0M Add +3.4%
DFIC Dimensional International Co. 5.11% 601,477 $19.7M Add +67.4%
VUG Vanguard Mrngstar GR ETF-Sui 3.37% 27,130 $13.0M Reduce -10.2%
VNQ Vanguard Real Estate ETF 3.28% 138,480 $12.7M Add +3.3%
VWO Vanguard Ftse Emerging Marke 3.08% 219,857 $11.9M Add +4.3%
VWOB Vanguard Emerg MKTS Gov BND 2.70% 155,983 $10.4M Add +8.2%
VCIT Vanguard Int-Term Corporate 2.54% 116,680 $9.8M Reduce -2.7%
DFAX Dimensional World Ex US Core 2.39% 294,398 $9.2M Reduce -4.9%
VCSH Vanguard S/T Corp. Bond ETF 2.31% 111,348 $8.9M Add +14.0%
DFEM Dimensional Emrg MRKT Core 2.06% 247,861 $7.9M Add +67.2%
VTEB Vanguard Tax-Exempt Bond ETF 1.96% 151,405 $7.6M Add +2.5%
BIV Vanguard Intermediate-Term B 1.88% 93,124 $7.3M Add +22.9%
DFAI Dimensional International Co. 1.85% 197,005 $7.2M Reduce -11.2%
VTI VG Morningstar TS MKT ETF-US 1.61% 18,955 $6.2M Add +0.5%
VIG Vanguard Dividend Apprec ETF 1.56% 27,878 $6.0M Reduce -10.0%
AAPL Apple Inc. 1.26% 19,106 $4.9M Add +0.1%
SPHY SS SPDR P High Yield ETF 1.16% 187,433 $4.5M Add +5.8%
VTIP Vanguard Short-Term Tips 0.96% 72,968 $3.7M Reduce -3.9%
BRK.B Berkshire Hathaway Inc. Class B 0.95% 7,335 $3.7M Reduce -3.6%
SCHX Schwab US Large-Cap ETF 0.91% 134,107 $3.5M Reduce -0.4%
LLY Eli Lilly & Co. 0.66% 3,354 $2.6M Reduce -40.5%
VTV Vanguard Mrngstr Val ETF-Aui 0.66% 13,710 $2.6M Reduce -7.9%
MSFT Microsoft Corp. 0.54% 4,010 $2.1M Reduce -83.2%
DFAR Dimensional US Real Est ETF 0.48% 77,905 $1.9M Add +280.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.47% 6,203 $1.8M Add +1.0%
WMT Walmart Inc. 0.44% 16,371 $1.7M Reduce -26.6%
JPM JPMorgan Chase & Co. 0.42% 5,190 $1.6M Reduce -10.9%
SHM SS SPDR N Ice St Muni ETF 0.42% 33,552 $1.6M Add +1.2%
CINF Cincinnati Financial Corp. 0.41% 9,956 $1.6M Reduce -3.2%
BRK.A Berkshire Hathaway Inc. Class A 0.39% 2 $1.5M No change
JNJ Johnson & Johnson 0.38% 7,866 $1.5M Reduce -20.4%
MUB iShares National Muni Bond E 0.33% 11,788 $1.3M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.27% 1,536 $1.0M Reduce -0.1%
AMZN Amazon.com Inc. 0.26% 4,576 $1.0M No change
SCHA Schwab US Small-Cap ETF 0.26% 35,388 $987K Reduce -10.3%
ABBV Abbvie Inc. 0.25% 4,151 $961K Reduce -24.9%
JCI Johnson Controls Internation 0.23% 8,122 $893K No change
MCD McDonald's Corp. 0.22% 2,738 $832K No change
IWB iShares Russell 1000 ETF 0.19% 2,007 $734K No change
NVDA Nvidia Corp. 0.18% 3,807 $710K Reduce -10.8%
AFL Aflac Inc. 0.17% 5,955 $665K Add +0.0%
GE General Electric filed as GE AEROSPACE 0.17% 2,207 $664K No change
LIN Linde PLC 0.17% 1,378 $655K No change
ADI Analog Devices Inc. 0.16% 2,486 $611K Reduce -2.5%
NSC Norfolk Southern Corp. 0.16% 2,028 $609K No change
META Meta Platforms Inc. Class A 0.16% 816 $599K Reduce -36.3%
LHX L3HARRIS Technologies Inc. 0.14% 1,831 $559K No change
ADP Automatic Data Processing 0.14% 1,880 $552K Reduce -9.8%
NEE Nextera Energy Inc. 0.14% 7,059 $533K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.13% 3,595 $520K No change
VYM Vanguard High DVD Yield ETF 0.13% 3,677 $518K No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.13% 534 $509K No change
VOO Vanguard S&P 500 ETF 0.13% 818 $501K Reduce -0.6%
PG The Procter & Gamble Co. 0.13% 3,182 $489K Reduce -61.4%
QQQ Invesco QQQ Trust Series 1 0.13% 812 $488K Reduce -19.8%
PAYX Paychex Inc. 0.12% 3,783 $480K Reduce -15.2%
BLK BlackRock Inc. 0.12% 399 $465K No change
ITW Illinois Tool Works 0.12% 1,776 $463K Add +0.1%
LOW Lowe's Cos Inc. 0.12% 1,792 $450K Reduce -48.3%
EMR Emerson Electric Co. 0.11% 3,317 $435K Reduce -37.6%
GD General Dynamics Corp. 0.11% 1,233 $420K Reduce -14.9%
SYK Stryker Corp. 0.11% 1,126 $416K No change
ELV Elevance Health Inc. 0.11% 1,284 $415K Reduce -0.3%
MS Morgan Stanley 0.11% 2,593 $412K No change
ED Consolidated Edison Inc. 0.10% 4,010 $403K No change
GOOG Alphabet Inc. Class C 0.10% 1,648 $401K No change
RTX RTX Corp. 0.10% 2,323 $389K Reduce -3.9%
SYY Sysco Corp. 0.10% 4,666 $384K Reduce -4.1%
XLK SS Technology Select Sector 0.10% 1,337 $377K No change
SCHF Schwab Intl Equity ETF 0.10% 15,777 $367K Reduce -2.7%
CVX Chevron Corp. 0.09% 2,337 $363K Reduce -12.7%
CAT Caterpillar Inc. 0.09% 747 $356K No change
PEP Pepsico Inc. 0.09% 2,527 $355K Reduce -28.2%
XOM Exxon Mobil Corp. 0.09% 3,138 $354K Reduce -20.4%
VGSH Vanguard Short-Term Treasury 0.09% 5,977 $352K No change
APD Air Products & Chemicals Inc. 0.09% 1,287 $351K Reduce -14.0%
DFCA Dimensional Calfornia MB ETF 0.09% 6,966 $347K Add +6.2%
V Visa Inc. Class A 0.08% 959 $327K No change
WEC WEC Energy Group Inc. 0.08% 2,792 $320K No change
GEV GE Vernova Inc. 0.08% 520 $320K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.08% 1,072 $319K No change
VT Vanguard Tot World STK ETF 0.08% 2,309 $318K Reduce -4.5%
ABT Abbott Laboratories 0.08% 2,342 $314K Reduce -37.1%
XLY SS Consumer Disc Select Sect 0.08% 1,295 $310K No change
VTES Vanguard SH Term Tax-Ex Bond 0.08% 3,009 $307K New
CSCO Cisco Systems Inc. 0.08% 4,406 $301K Reduce -31.2%
VTEC Vanguard Ca Tax-Ex Bond 0.08% 3,011 $300K No change
ONB Old National Bancorp 0.08% 13,518 $297K No change
VXUS Vanguard Total Intl Stock 0.08% 3,947 $290K Reduce -9.7%
SUB iShares Short-Term National 0.07% 2,654 $283K Add +20.1%
ESML iShares ESG Aware MSCI USA S 0.07% 6,188 $279K Reduce -26.0%
VEU Vanguard Ftse All-World Ex-U 0.07% 3,826 $273K No change
FDS Factset Research Systems Inc. 0.07% 950 $272K Reduce -3.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 954 $269K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.07% 566 $262K No change
FQAL Fidelity Quality Factor ETF 0.07% 3,488 $261K No change
IQLT iShares MSCI International Q 0.07% 5,777 $255K No change
CL Colgate-Palmolive Co. 0.07% 3,184 $255K Reduce -0.0%
NVS Novartis AG-Sponsored ADR 0.07% 1,963 $252K Reduce -33.9%
GOOGL Alphabet Inc. Class A 0.06% 1,030 $250K New
AVUV Avantis US Small Cap Value 0.06% 2,446 $243K Add +9.4%
VGT Vanguard Info Tech ETF 0.06% 318 $237K No change
IVV iShares Core S&P 500 ETF 0.06% 352 $236K No change
SHW The Sherwin-Williams Co. 0.06% 673 $233K No change
ES Eversource Energy 0.06% 3,228 $230K Reduce -15.7%
MMM 3M Co. 0.06% 1,429 $222K No change
MDT Medtronic PLC 0.06% 2,322 $221K Reduce -30.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.06% 1,922 $220K Add +0.1%
EFG iShares MSCI Eafe Growth ETF 0.06% 1,930 $220K New
VOOG Vanguard S&P 500 Growth ETF 0.06% 503 $219K Reduce -42.5%
TGT Target Corp. 0.06% 2,423 $217K Reduce -2.6%
BP BP PLC-Spons ADR 0.06% 6,264 $216K New
CLX Clorox Company 0.05% 1,695 $209K Reduce -0.1%
BDX Becton Dickinson and Co. 0.05% 1,094 $205K New
HURA Tuhura Biosciences Inc. 0.02% 31,444 $78K No change

Portfolio Sells Q2 2025 → Q3 2025
MSFT Microsoft Corp. Reduce -83.2% 0.54% −2.81
LLY Eli Lilly & Co. Reduce -40.5% 0.66% −0.58
VUG Vanguard Mrngstar GR ETF-Sui Reduce -10.2% 3.37% −0.37
DFAI Dimensional International Co. Reduce -11.2% 1.85% −0.31
VCIT Vanguard Int-Term Corporate Reduce -2.7% 2.54% −0.27
ORCL Oracle Corp. Sold out 0.00% −0.26
PG The Procter & Gamble Co. Reduce -61.4% 0.13% −0.24
VIG Vanguard Dividend Apprec ETF Reduce -10.0% 1.56% −0.23
HD Home Depot Inc. Sold out 0.00% −0.22
WMT Walmart Inc. Reduce -26.6% 0.44% −0.18
DFAX Dimensional World Ex US Core Reduce -4.9% 2.39% −0.17
PM Philip Morris International Sold out 0.00% −0.17
DVY iShares Select Dividend ETF Sold out 0.00% −0.15
VTIP Vanguard Short-Term Tips Reduce -3.9% 0.96% −0.12
META Meta Platforms Inc. Class A Reduce -36.3% 0.16% −0.11
LOW Lowe's Cos Inc. Reduce -48.3% 0.12% −0.10
BRK.B Berkshire Hathaway Inc. Class B Reduce -3.6% 0.95% −0.09
EMR Emerson Electric Co. Reduce -37.6% 0.11% −0.09
MRK Merck & Co. Inc. Sold out 0.00% −0.09
VTV Vanguard Mrngstr Val ETF-Aui Reduce -7.9% 0.66% −0.08
COST Costco Wholesale Corp. Sold out 0.00% −0.08
PSX Phillips 66 Sold out 0.00% −0.08
DUK Duke Energy Corp. Sold out 0.00% −0.08
WFC Wells Fargo & Co. Sold out 0.00% −0.07
VZ Verizon Communications Inc. Sold out 0.00% −0.07
COP Conocophillips Sold out 0.00% −0.07
ABT Abbott Laboratories Reduce -37.1% 0.08% −0.06
PAYX Paychex Inc. Reduce -15.2% 0.12% −0.06
SPHQ Invesco S&P 500 Quality ETF Sold out 0.00% −0.06
T AT&T Inc. Sold out 0.00% −0.06
FDS Factset Research Systems Inc. Reduce -3.9% 0.07% −0.05
JPM JPMorgan Chase & Co. Reduce -10.9% 0.42% −0.05
JNJ Johnson & Johnson Reduce -20.4% 0.38% −0.05
CSCO Cisco Systems Inc. Reduce -31.2% 0.08% −0.05
VOOG Vanguard S&P 500 Growth ETF Reduce -42.5% 0.06% −0.04
ABBV Abbvie Inc. Reduce -24.9% 0.25% −0.04
PEP Pepsico Inc. Reduce -28.2% 0.09% −0.04
ADP Automatic Data Processing Reduce -9.8% 0.14% −0.04
NVS Novartis AG-Sponsored ADR Reduce -33.9% 0.07% −0.04
ELV Elevance Health Inc. Reduce -0.3% 0.11% −0.03
QQQ Invesco QQQ Trust Series 1 Reduce -19.8% 0.13% −0.03
XOM Exxon Mobil Corp. Reduce -20.4% 0.09% −0.03
APD Air Products & Chemicals Inc. Reduce -14.0% 0.09% −0.03
SCHA Schwab US Small-Cap ETF Reduce -10.3% 0.26% −0.03
ESML iShares ESG Aware MSCI USA S Reduce -26.0% 0.07% −0.03
CINF Cincinnati Financial Corp. Reduce -3.2% 0.41% −0.02
MDT Medtronic PLC Reduce -30.1% 0.06% −0.02
CL Colgate-Palmolive Co. Reduce -0.0% 0.07% −0.02
SCHX Schwab US Large-Cap ETF Reduce -0.4% 0.91% −0.01
CVX Chevron Corp. Reduce -12.7% 0.09% −0.01

Portfolio Buys Q2 2025 → Q3 2025
DFIC Dimensional International Co. Add +67.4% 5.11% +1.95
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +15.9% 13.78% +1.76
DFUS Dimensional US Eq MKT ETF Add +16.0% 11.06% +1.44
DFAS Dimensional US Small Cap ETF Add +20.0% 7.13% +1.10
DFEM Dimensional Emrg MRKT Core Add +67.2% 2.06% +0.82
DFAR Dimensional US Real Est ETF Add +280.4% 0.48% +0.35
BIV Vanguard Intermediate-Term B Add +22.9% 1.88% +0.23
AAPL Apple Inc. Add +0.1% 1.26% +0.15
VWO Vanguard Ftse Emerging Marke Add +4.3% 3.08% +0.14
VCSH Vanguard S/T Corp. Bond ETF Add +14.0% 2.31% +0.11
VB Vanguard Most SM-Cap ETF-Usd Add +3.4% 5.70% +0.10
VTES Vanguard SH Term Tax-Ex Bond New 0.08% +0.08
GOOGL Alphabet Inc. Class A New 0.06% +0.06
EFG iShares MSCI Eafe Growth ETF New 0.06% +0.06
BP BP PLC-Spons ADR New 0.06% +0.06
BDX Becton Dickinson and Co. New 0.05% +0.05
VWOB Vanguard Emerg MKTS Gov BND Add +8.2% 2.70% +0.04
SUB iShares Short-Term National Add +20.1% 0.07% +0.01
AVUV Avantis US Small Cap Value Add +9.4% 0.06% +0.01
DFCA Dimensional Calfornia MB ETF Add +6.2% 0.09% −0.00
VEA Vanguard Ftse Developed ETF Add +3.7% 6.91% −0.00
ITW Illinois Tool Works Add +0.1% 0.12% −0.00
AFL Aflac Inc. Add +0.0% 0.17% −0.01
VTI VG Morningstar TS MKT ETF-US Add +0.5% 1.61% −0.01
DIS The Walt Disney Co. Add +0.1% 0.06% −0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +1.0% 0.47% −0.01
SPHY SS SPDR P High Yield ETF Add +5.8% 1.16% −0.03
SHM SS SPDR N Ice St Muni ETF Add +1.2% 0.42% −0.03
VTEB Vanguard Tax-Exempt Bond ETF Add +2.5% 1.96% −0.08
VNQ Vanguard Real Estate ETF Add +3.3% 3.28% −0.09

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