IMA Advisory Services, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), IMA Advisory Services, Inc. reported 336 stock positions worth $842.5 million. Its top holding was Schwab US DVD Equity ETF (SCHD) at 9.6% of the portfolio, followed by iShares ESG Optimized MSCI U (SUSA, 6.4%) and Vngrd Mrgstr LRG-Cap ETF-Usd (VV, 6.3%). Compared with Q4 2024, it opened 174 new positions, sold out of 7, added to 37 and reduced 96. The biggest buy was a new position in iShares ESG Optimized MSCI U (SUSA) and the biggest sale iShares ESG MSCI KLD 400 ETF (DSI, shares −51%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001455495
- Portfolio Value
- $842.5M (Q1 2025)
- SEC Filing
- 0001455495-25-000004 ↗ filed May 6, 2025
Holdings Value
Holdings 336 stocks · $842.5M
| SCHD Schwab US DVD Equity ETF | 9.56% | 2,881,242 | $80.5M | Add +7.2% |
| SUSA iShares ESG Optimized MSCI U | 6.40% | 469,719 | $54.0M | New |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 6.33% | 208,290 | $53.3M | Add +24.4% |
| DMXF iShares ESG Advanc MSCI Eafe | 6.01% | 752,855 | $50.7M | Reduce -3.5% |
| DSI iShares ESG MSCI KLD 400 ETF | 5.05% | 416,825 | $42.5M | Reduce -51.1% |
| SCHX Schwab US Large-Cap ETF | 4.74% | 1,809,275 | $39.9M | Reduce -1.8% |
| JCPB JPMorgan Core Plus Bond ETF | 2.66% | 476,496 | $22.4M | Add +82.4% |
| VXUS Vanguard Total Intl Stock | 2.63% | 356,722 | $22.1M | Reduce -13.7% |
| BSCU Invesco Bulletshares 2030 CB | 2.45% | 1,246,581 | $20.7M | Add +158.6% |
| BSCT Invesco Bulletshares 2029 CB | 2.35% | 1,066,305 | $19.8M | New |
| SCHB Schwab US Broad Market ETF | 2.12% | 827,610 | $17.8M | Add +1.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.79% | 27,031 | $15.1M | Add +2.0% |
| BND Vanguard Total Bond Market | 1.75% | 201,154 | $14.8M | Add +8.3% |
| HYDB iShares High Yield Systemati | 1.47% | 262,984 | $12.4M | Reduce -6.1% |
| SCHM Schwab US Mid Cap ETF | 1.38% | 443,103 | $11.6M | Reduce -1.8% |
| SCHA Schwab US Small-Cap ETF | 1.30% | 465,890 | $10.9M | Add +2.6% |
| VSS Vanguard Ftse All Wo X-US SC | 1.27% | 92,601 | $10.7M | Reduce -7.2% |
| SCZ iShares MSCI Eafe Small-Cap | 1.02% | 135,712 | $8.6M | Reduce -11.2% |
| IJR iShares Core S&P Small-Cap E | 1.02% | 82,189 | $8.6M | Add +20.0% |
| UITB Victoryshares Core Intermedi | 1.02% | 182,951 | $8.6M | New |
| SCHF Schwab Intl Equity ETF | 1.01% | 430,188 | $8.5M | Add +3.7% |
| MSFT Microsoft Corp. | 0.94% | 21,177 | $7.9M | Reduce 0.0% |
| NVDA Nvidia Corp. | 0.92% | 71,171 | $7.7M | Reduce -5.3% |
| META Meta Platforms Inc. Class A | 0.87% | 12,699 | $7.3M | Add +0.5% |
| AAPL Apple Inc. | 0.86% | 32,602 | $7.2M | Reduce -1.5% |
| PG The Procter & Gamble Co. | 0.80% | 39,375 | $6.7M | Reduce -11.9% |
| LMBS First Trust Low Duration Opp | 0.79% | 135,322 | $6.7M | New |
| AMZN Amazon.com Inc. | 0.77% | 34,169 | $6.5M | Reduce -3.8% |
| BSJT Invesco Bulletshares 2029 HY | 0.77% | 306,363 | $6.5M | Add +2583.6% |
| EFA iShares MSCI Eafe ETF | 0.73% | 75,423 | $6.2M | Reduce -2.8% |
| FAST Fastenal Co. | 0.71% | 77,624 | $6.0M | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.68% | 94,113 | $5.7M | Add +9.0% |
| FPE FT-Preferred Secur & Inc. ETF | 0.67% | 321,392 | $5.7M | Add +60.6% |
| SCHG Schwab US Large-Cap Growth | 0.67% | 224,588 | $5.6M | Reduce -8.7% |
| JPM JPMorgan Chase & Co. | 0.65% | 22,280 | $5.5M | Reduce -2.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.62% | 14,835 | $5.2M | Reduce -3.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.60% | 18,481 | $5.1M | Reduce -2.1% |
| CTAS Cintas Corp. | 0.60% | 24,540 | $5.0M | No change |
| DHR Danaher Corp. | 0.53% | 21,895 | $4.5M | No change |
| GOOG Alphabet Inc. Class C | 0.51% | 27,649 | $4.3M | Add +2.1% |
| QCOM Qualcomm Inc. | 0.51% | 27,844 | $4.3M | Reduce -1.8% |
| V Visa Inc. Class A | 0.47% | 11,196 | $3.9M | Reduce -7.1% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.46% | 3,950 | $3.9M | No change |
| EXEL Exelixis Inc. | 0.46% | 105,585 | $3.9M | Reduce -7.3% |
| KMI Kinder Morgan Inc. | 0.46% | 134,497 | $3.8M | Reduce -6.5% |
| WMT Walmart Inc. | 0.44% | 42,406 | $3.7M | Reduce -0.7% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.44% | 47,159 | $3.7M | Add +4.1% |
| VLO Valero Energy Corp. | 0.39% | 24,973 | $3.3M | Reduce -6.6% |
| ISRA Vaneck Israel ETF | 0.37% | 74,497 | $3.1M | Reduce -0.6% |
| DDOG Datadog Inc. Class A | 0.37% | 31,562 | $3.1M | Reduce -8.3% |
| ZBRA Zebra Technologies Corp. Class A | 0.37% | 11,000 | $3.1M | No change |
| AVUV Avantis US Small Cap Value | 0.35% | 34,087 | $3.0M | Reduce -1.1% |
| C Citigroup Inc. | 0.35% | 41,372 | $2.9M | Reduce -2.4% |
| XOM Exxon Mobil Corp. | 0.34% | 24,302 | $2.9M | Reduce -20.2% |
| PABU Ishr Par-Alnd Clim Opt Mue-U | 0.34% | 47,493 | $2.8M | Add +0.2% |
| MELI MercadoLibre Inc. | 0.33% | 1,440 | $2.8M | Add +1.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.33% | 29,904 | $2.7M | Reduce -64.7% |
| OMF Onemain Holdings Inc. | 0.32% | 54,869 | $2.7M | Reduce -6.5% |
| SHV iShares 0-1 Year Treasury Bo | 0.32% | 24,025 | $2.7M | Add +42.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.31% | 21,319 | $2.6M | Reduce -9.4% |
| ISRG Intuitive Surgical Inc. | 0.31% | 5,198 | $2.6M | Reduce -7.2% |
| ONTO Onto Innovation Inc. | 0.30% | 21,063 | $2.6M | Reduce -2.4% |
| AMP Ameriprise Financial Inc. | 0.30% | 5,266 | $2.5M | Reduce -8.2% |
| CI The Cigna Group | 0.30% | 7,628 | $2.5M | Add +1.0% |
| VOO Vanguard S&P 500 ETF | 0.29% | 4,750 | $2.4M | Reduce -29.6% |
| TSLA Tesla Inc. | 0.29% | 9,289 | $2.4M | Reduce -1.2% |
| CVX Chevron Corp. | 0.29% | 14,360 | $2.4M | Reduce -7.3% |
| KNX Knight-Swift Transportation | 0.28% | 53,566 | $2.3M | Reduce -4.5% |
| ESGD iShares Trust iShares ESG Aw | 0.27% | 27,842 | $2.3M | No change |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.26% | 50,276 | $2.2M | Add +2.5% |
| ABBV Abbvie Inc. | 0.26% | 10,403 | $2.2M | Reduce -3.4% |
| IWV iShares Russell 3000 ETF | 0.25% | 6,690 | $2.1M | No change |
| AVEM Avantis Emerging Markets Eq | 0.25% | 34,664 | $2.1M | Add +7.1% |
| BSX Boston Scientific Corp. | 0.24% | 19,869 | $2.0M | Reduce -21.3% |
| UNH Unitedhealth Group Inc. | 0.23% | 3,772 | $2.0M | Reduce -4.4% |
| AOR iShares Core 60/40 Balanced | 0.23% | 34,278 | $2.0M | Reduce -0.7% |
| MU Micron Technology Inc. | 0.23% | 22,369 | $1.9M | Reduce -0.5% |
| COF Capital One Financial Corp. | 0.23% | 10,714 | $1.9M | Reduce -19.4% |
| AMD Advanced Micro Devices | 0.22% | 17,870 | $1.8M | Add +12.3% |
| MRK Merck & Co. Inc. | 0.21% | 19,638 | $1.8M | Reduce -4.3% |
| FOUR SHIFT4 Payments Inc. Class A | 0.21% | 21,705 | $1.8M | Reduce -15.0% |
| ADBE Adobe Inc. | 0.21% | 4,573 | $1.8M | Reduce -4.3% |
| LOW Lowe's Cos Inc. | 0.21% | 7,511 | $1.8M | Reduce -6.9% |
| EA Electronic Arts Inc. | 0.20% | 11,906 | $1.7M | Reduce -7.0% |
| JNJ Johnson & Johnson | 0.20% | 10,079 | $1.7M | No change |
| CARR Carrier Global Corp. | 0.19% | 25,876 | $1.6M | Reduce -2.4% |
| ZTS Zoetis Inc. | 0.19% | 9,933 | $1.6M | Reduce -17.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.19% | 38,410 | $1.6M | No change |
| CRM Salesforce Inc. | 0.19% | 5,905 | $1.6M | Reduce -3.6% |
| AVGO Broadcom Inc. | 0.19% | 9,329 | $1.6M | Add +1.6% |
| NKE Nike Inc. Class B | 0.18% | 24,061 | $1.5M | Reduce -5.9% |
| ITW Illinois Tool Works | 0.18% | 6,152 | $1.5M | Reduce -5.6% |
| AES AES Corp. | 0.18% | 122,743 | $1.5M | Reduce -1.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.18% | 2,836 | $1.5M | Reduce -2.8% |
| ELV Elevance Health Inc. | 0.18% | 3,412 | $1.5M | Reduce -5.9% |
| TGT Target Corp. | 0.17% | 14,006 | $1.5M | Reduce -6.7% |
| IJH iShares Core S&P Midcap ETF | 0.16% | 22,732 | $1.3M | Add +0.2% |
| REGN Regeneron Pharmaceuticals | 0.15% | 2,003 | $1.3M | Reduce -13.0% |
| VEA Vanguard Ftse Developed ETF | 0.15% | 24,548 | $1.2M | Add +0.0% |
| DXC DXC Technology Co. | 0.14% | 70,945 | $1.2M | Reduce -5.8% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $558K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CHS INC (CHSINC 7.5 PERP 4) | PFD | 6,896 | $179K | New |
| CHS INC (CHSINC V6.75 PERP 3) | PFD | 7,049 | $173K | New |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 85 | $105K | New |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 85 | $102K | New |
Lines left out (1) · $4 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| SCHO Schwab Short-Term US Treas | SHT TM US TRES | 0 | $4 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $843.0M.
Portfolio Sells Q4 2024 → Q1 2025
| DSI iShares ESG MSCI KLD 400 ETF | Reduce -51.1% | 5.05% | −6.24 |
| BSCR Invesco Bulletshares 2027 CB | Reduce -96.8% | 0.05% | −1.44 |
| BSCS Invesco Bulletshares 2028 CB | Reduce -96.8% | 0.05% | −1.36 |
| BSCQ Invesco Bulletshares 2026 CB | Sold out | 0.00% | −0.90 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -64.7% | 0.33% | −0.61 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -82.9% | 0.10% | −0.58 |
| BSJR Invesco Bulletshares 2027 HY | Reduce -97.7% | 0.01% | −0.55 |
| SCHX Schwab US Large-Cap ETF | Reduce -1.8% | 4.74% | −0.40 |
| PFF iShares Preferred & Income S | Reduce -99.2% | 0.00% | −0.36 |
| VXUS Vanguard Total Intl Stock | Reduce -13.7% | 2.63% | −0.30 |
| NVDA Nvidia Corp. | Reduce -5.3% | 0.92% | −0.30 |
| DDOG Datadog Inc. Class A | Reduce -8.3% | 0.37% | −0.22 |
| TSLA Tesla Inc. | Reduce -1.2% | 0.29% | −0.17 |
| AMZN Amazon.com Inc. | Reduce -3.8% | 0.77% | −0.17 |
| SCHG Schwab US Large-Cap Growth | Reduce -8.7% | 0.67% | −0.16 |
| VOO Vanguard S&P 500 ETF | Reduce -29.6% | 0.29% | −0.15 |
| AAPL Apple Inc. | Reduce -1.5% | 0.86% | −0.14 |
| MSFT Microsoft Corp. | Reduce 0.0% | 0.94% | −0.13 |
| ONTO Onto Innovation Inc. | Reduce -2.4% | 0.30% | −0.13 |
| SCHM Schwab US Mid Cap ETF | Reduce -1.8% | 1.38% | −0.13 |
| HYDB iShares High Yield Systemati | Reduce -6.1% | 1.47% | −0.12 |
| FOUR SHIFT4 Payments Inc. Class A | Reduce -15.0% | 0.21% | −0.11 |
| PG The Procter & Gamble Co. | Reduce -11.9% | 0.80% | −0.11 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -7.2% | 1.27% | −0.11 |
| IEMG iShares Core MSCI Emerging | Sold out | 0.00% | −0.10 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -11.2% | 1.02% | −0.09 |
| CRSP Crispr Therapeutics AG | Sold out | 0.00% | −0.09 |
| KNX Knight-Swift Transportation | Reduce -4.5% | 0.28% | −0.08 |
| TGT Target Corp. | Reduce -6.7% | 0.17% | −0.07 |
| AMP Ameriprise Financial Inc. | Reduce -8.2% | 0.30% | −0.07 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.06 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.06 |
| GNRC Generac Holdings Inc. | Reduce -20.9% | 0.10% | −0.06 |
| CRM Salesforce Inc. | Reduce -3.6% | 0.19% | −0.06 |
| AZTA Azenta Inc. | Reduce -3.4% | 0.11% | −0.06 |
| COF Capital One Financial Corp. | Reduce -19.4% | 0.23% | −0.06 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -2.1% | 0.60% | −0.06 |
| ULTA Ulta Beauty Inc. | Reduce -17.9% | 0.12% | −0.05 |
| NKE Nike Inc. Class B | Reduce -5.9% | 0.18% | −0.05 |
| EXAS Exact Sciences Corp. | Reduce -3.3% | 0.14% | −0.05 |
| XOM Exxon Mobil Corp. | Reduce -20.2% | 0.34% | −0.05 |
| DMXF iShares ESG Advanc MSCI Eafe | Reduce -3.5% | 6.01% | −0.05 |
| GH Guardant Health Inc. | Reduce -91.0% | 0.01% | −0.05 |
| OMF Onemain Holdings Inc. | Reduce -6.5% | 0.32% | −0.05 |
| IIPR Innovative Industrial Proper | Reduce -26.0% | 0.07% | −0.05 |
| AVUV Avantis US Small Cap Value | Reduce -1.1% | 0.35% | −0.05 |
| ADBE Adobe Inc. | Reduce -4.3% | 0.21% | −0.05 |
| LITE Lumentum Holdings Inc. | Reduce -5.5% | 0.11% | −0.05 |
| REGN Regeneron Pharmaceuticals | Reduce -13.0% | 0.15% | −0.05 |
| ISRG Intuitive Surgical Inc. | Reduce -7.2% | 0.31% | −0.05 |
Portfolio Buys Q4 2024 → Q1 2025
| SUSA iShares ESG Optimized MSCI U | New | 6.40% | +6.40 |
| BSCT Invesco Bulletshares 2029 CB | New | 2.35% | +2.35 |
| BSCU Invesco Bulletshares 2030 CB | Add +158.6% | 2.45% | +1.50 |
| JCPB JPMorgan Core Plus Bond ETF | Add +82.4% | 2.66% | +1.21 |
| UITB Victoryshares Core Intermedi | New | 1.02% | +1.02 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +24.4% | 6.33% | +0.91 |
| LMBS First Trust Low Duration Opp | New | 0.79% | +0.79 |
| BSJT Invesco Bulletshares 2029 HY | Add +2583.6% | 0.77% | +0.74 |
| SCHD Schwab US DVD Equity ETF | Add +7.2% | 9.56% | +0.72 |
| FPE FT-Preferred Secur & Inc. ETF | Add +60.6% | 0.67% | +0.24 |
| BND Vanguard Total Bond Market | Add +8.3% | 1.75% | +0.15 |
| IFRA iShares US Infrastructure | New | 0.14% | +0.14 |
| AMAT Applied Materials Inc. | New | 0.10% | +0.10 |
| SHV iShares 0-1 Year Treasury Bo | Add +42.8% | 0.32% | +0.09 |
| SCHF Schwab Intl Equity ETF | Add +3.7% | 1.01% | +0.09 |
| VEU Vanguard Ftse All-World Ex-U | Add +9.0% | 0.68% | +0.08 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.08% | +0.08 |
| IJR iShares Core S&P Small-Cap E | Add +20.0% | 1.02% | +0.07 |
| SCHV Schwab US Large-Cap Value | Add +93.8% | 0.13% | +0.07 |
| EFAV iShares MSCI Eafe Min Vol Fa | Add +4.1% | 0.44% | +0.05 |
| CI The Cigna Group | Add +1.0% | 0.30% | +0.05 |
| MELI MercadoLibre Inc. | Add +1.3% | 0.33% | +0.04 |
| ALAB Astera Labs Inc. | New | 0.04% | +0.04 |
| BSJV Invesco Bulletshares 2031 HY | New | 0.03% | +0.03 |
| ALL Allstate Corp. | New | 0.03% | +0.03 |
| G Genpact Ltd. | New | 0.03% | +0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | New | 0.03% | +0.03 |
| LECO Lincoln Electric Holdings | New | 0.02% | +0.02 |
| BSJU Invesco Bulletshares 2030 HY | New | 0.02% | +0.02 |
| AXP American Express Co. | New | 0.02% | +0.02 |
| APD Air Products & Chemicals Inc. | New | 0.02% | +0.02 |
| DE Deere & Co. | New | 0.02% | +0.02 |
| AVEM Avantis Emerging Markets Eq | Add +7.1% | 0.25% | +0.02 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 0.02% | +0.02 |
| EXPE Expedia Group Inc. | New | 0.02% | +0.02 |
| CAH Cardinal Health Inc. | New | 0.02% | +0.02 |
| UTG Reaves Utility Income Fund | New | 0.02% | +0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.02% | +0.02 |
| CNC Centene Corp. | New | 0.01% | +0.01 |
| IVV iShares Core S&P 500 ETF | New | 0.01% | +0.01 |
| NET Cloudflare Inc. Class A | New | 0.01% | +0.01 |
| UBER Uber Technologies Inc. | New | 0.01% | +0.01 |
| CL Colgate-Palmolive Co. | New | 0.01% | +0.01 |
| ORCL Oracle Corp. | New | 0.01% | +0.01 |
| MUB iShares National Muni Bond E | New | 0.01% | +0.01 |
| GPN Global Payments Inc. | New | 0.01% | +0.01 |
| IVW iShares S&P 500 Growth ETF | New | 0.01% | +0.01 |
| WM Waste Management Inc. | New | 0.01% | +0.01 |
| BMY Bristol-Myers Squibb Co. | New | 0.01% | +0.01 |
| SCHW Schwab (charles) Corp. | New | 0.01% | +0.01 |
Notes & Other Activity Q4 2024 → Q1 2025
| CHS INC (CHSINC 7.5 PERP 4) | PFD | New | 6,896 | $179K |
| CHS INC (CHSINC V6.75 PERP 3) | PFD | New | 7,049 | $173K |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | New | 85 | $105K |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | New | 85 | $102K |
| SCHO Schwab Short-Term US Treas | SHT TM US TRES | New | 0 | $4 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,378 | $1.6B | SUSA, DMXF, DSI, SCHX, VXUS |
| Q1 2026 | 1,028 | $1.0B | VV, SUSA, DMXF, DSI, SCHX |
| Q4 2025 | 1,003 | $1.0B | VV, SUSA, DMXF, DSI, SCHX |
| Q3 2025 | 548 | $992.0M | VV, SUSA, DMXF, DSI, SCHX |
| Q2 2025 | 556 | $932.7M | SCHD, VV, SUSA, DMXF, DSI |
| Q1 2025 | 336 | $842.5M | SCHD, SUSA, VV, DMXF, DSI |
| Q4 2024 | 169 | $830.5M | DSI, SCHD, DMXF, VV, SCHX |
| Q3 2024 | 256 | $458.9M | SCHX, SCHB, BND, HYDB, BSCR |
| Q2 2024Amended | 73 | $226.4M | BIL, HYDB, BSCR, BSCS, NVDA |
| Q1 2024 | 73 | $211.5M | BIL, HYDB, BSCR, JCPB, NVDA |