IMA Advisory Services, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), IMA Advisory Services, Inc. reported 548 stock positions worth $992.0 million. Its top holding was Vngrd Mrgstr LRG-Cap ETF-Usd (VV) at 7.7% of the portfolio, followed by iShares ESG Optimized MSCI U (SUSA, 7.1%) and iShares ESG Advanc MSCI Eafe (DMXF, 5.6%). Compared with Q2 2025, it opened 20 new positions, sold out of 28, added to 111 and reduced 91. The biggest buy was a new position in Vanguard ESG Intl Stock ETF (VSGX) and the biggest sale Schwab US DVD Equity ETF (SCHD, shares −79%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001455495
- Portfolio Value
- $992.0M (Q3 2025)
- SEC Filing
- 0001455495-25-000010 ↗ filed Nov 6, 2025
Holdings Value
Holdings 548 stocks · $992.0M
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 7.74% | 249,988 | $76.8M | Add +12.5% |
| SUSA iShares ESG Optimized MSCI U | 7.08% | 517,615 | $70.2M | Add +8.4% |
| DMXF iShares ESG Advanc MSCI Eafe | 5.58% | 731,398 | $55.3M | Add +0.0% |
| DSI iShares ESG MSCI KLD 400 ETF | 5.30% | 419,800 | $52.6M | Add +4.4% |
| SCHX Schwab US Large-Cap ETF | 4.79% | 1,805,783 | $47.6M | Reduce -0.0% |
| VSGX Vanguard ESG Intl Stock ETF | 3.46% | 494,475 | $34.3M | New |
| ESGV Vanguard ESG US Stock ETF | 3.27% | 274,075 | $32.5M | New |
| VXUS Vanguard Total Intl Stock | 2.51% | 338,843 | $24.9M | Reduce -4.1% |
| JCPB JPMorgan Core Plus Bond ETF | 2.37% | 495,239 | $23.5M | Reduce -0.5% |
| BSCU Invesco Bulletshares 2030 CB | 2.26% | 1,327,120 | $22.4M | Add +1.1% |
| BSCT Invesco Bulletshares 2029 CB | 2.18% | 1,149,065 | $21.6M | Add +2.0% |
| SCHB Schwab US Broad Market ETF | 2.15% | 830,952 | $21.4M | Reduce -2.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.83% | 27,187 | $18.1M | Add +0.3% |
| SCHD Schwab US DVD Equity ETF | 1.72% | 624,391 | $17.0M | Reduce -78.5% |
| BND Vanguard Total Bond Market | 1.64% | 218,604 | $16.3M | Add +4.0% |
| HYDB iShares High Yield Systemati | 1.34% | 278,651 | $13.3M | Add +3.5% |
| SCHM Schwab US Mid Cap ETF | 1.34% | 447,269 | $13.3M | Add +0.3% |
| NVDA Nvidia Corp. | 1.31% | 69,518 | $13.0M | Reduce -2.6% |
| SCHA Schwab US Small-Cap ETF | 1.31% | 464,329 | $13.0M | Reduce -1.4% |
| VSS Vanguard Ftse All Wo X-US SC | 1.29% | 89,525 | $12.8M | Reduce -0.9% |
| MSFT Microsoft Corp. | 1.12% | 21,365 | $11.1M | Reduce -0.2% |
| SCZ iShares MSCI Eafe Small-Cap | 1.03% | 132,707 | $10.2M | Reduce -2.7% |
| SCHF Schwab Intl Equity ETF | 0.98% | 417,424 | $9.7M | Reduce -0.1% |
| META Meta Platforms Inc. Class A | 0.97% | 13,108 | $9.6M | Reduce -0.3% |
| VCEB Vanguard ESG US Corp. Bond | 0.96% | 148,017 | $9.5M | New |
| UITB Victoryshares Core Intermedi | 0.93% | 194,691 | $9.3M | Add +1.4% |
| AAPL Apple Inc. | 0.87% | 33,889 | $8.6M | Add +0.6% |
| EFA iShares MSCI Eafe ETF | 0.80% | 85,413 | $8.0M | Add +11.3% |
| AMZN Amazon.com Inc. | 0.77% | 34,996 | $7.7M | Reduce -0.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.73% | 14,729 | $7.2M | Reduce -0.7% |
| FAST Fastenal Co. | 0.72% | 145,121 | $7.1M | Reduce -3.4% |
| JPM JPMorgan Chase & Co. | 0.71% | 22,220 | $7.0M | Reduce -1.2% |
| GOOG Alphabet Inc. Class C | 0.70% | 28,605 | $7.0M | Add +1.7% |
| SCHG Schwab US Large-Cap Growth | 0.69% | 214,197 | $6.8M | Reduce -6.0% |
| BSJT Invesco Bulletshares 2029 HY | 0.69% | 315,859 | $6.8M | Reduce 0.0% |
| LMBS First Trust Low Duration Opp | 0.66% | 130,805 | $6.5M | Add +0.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.64% | 19,444 | $6.4M | Add +0.3% |
| PG The Procter & Gamble Co. | 0.61% | 39,384 | $6.1M | Add +0.0% |
| FPE FT-Preferred Secur & Inc. ETF | 0.60% | 325,764 | $5.9M | Add +0.2% |
| WMT Walmart Inc. | 0.57% | 54,577 | $5.6M | Add +28.6% |
| CTAS Cintas Corp. | 0.51% | 24,540 | $5.0M | No change |
| QCOM Qualcomm Inc. | 0.49% | 28,957 | $4.8M | Add +0.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.48% | 51,650 | $4.7M | Add +44.0% |
| VEU Vanguard Ftse All-World Ex-U | 0.47% | 65,011 | $4.6M | Reduce -29.2% |
| DDOG Datadog Inc. Class A | 0.46% | 31,808 | $4.5M | Reduce -0.5% |
| IJR iShares Core S&P Small-Cap E | 0.45% | 37,326 | $4.4M | Add +3.2% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.44% | 52,562 | $4.4M | Reduce -0.4% |
| C Citigroup Inc. | 0.44% | 42,633 | $4.3M | Reduce -1.6% |
| VLO Valero Energy Corp. | 0.43% | 25,209 | $4.3M | Reduce -1.0% |
| EXEL Exelixis Inc. | 0.43% | 102,637 | $4.2M | Reduce -1.0% |
| TSLA Tesla Inc. | 0.42% | 9,369 | $4.2M | Reduce -0.5% |
| MU Micron Technology Inc. | 0.42% | 24,712 | $4.1M | Add +2.3% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.41% | 48,019 | $4.1M | Reduce -1.4% |
| DHR Danaher Corp. | 0.41% | 20,489 | $4.1M | Reduce -4.3% |
| V Visa Inc. Class A | 0.41% | 11,868 | $4.1M | Add +0.5% |
| ISRA Vaneck Israel ETF | 0.41% | 74,145 | $4.0M | Reduce -1.0% |
| KMI Kinder Morgan Inc. | 0.39% | 135,592 | $3.8M | Reduce -0.2% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.38% | 3,950 | $3.8M | No change |
| VOO Vanguard S&P 500 ETF | 0.36% | 5,803 | $3.6M | Add +17.8% |
| MELI MercadoLibre Inc. | 0.35% | 1,481 | $3.5M | Add +0.4% |
| AVUV Avantis US Small Cap Value | 0.35% | 34,475 | $3.4M | Reduce -0.3% |
| PABU Ishr Par-Alnd Clim Opt Mue-U | 0.34% | 47,058 | $3.4M | Reduce -1.1% |
| AMD Advanced Micro Devices | 0.34% | 20,724 | $3.4M | Add +1.8% |
| AVGO Broadcom Inc. | 0.33% | 10,064 | $3.3M | No change |
| ZBRA Zebra Technologies Corp. Class A | 0.33% | 11,000 | $3.3M | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.31% | 21,472 | $3.1M | Reduce -1.0% |
| OMF Onemain Holdings Inc. | 0.31% | 54,709 | $3.1M | Reduce -1.5% |
| ONTO Onto Innovation Inc. | 0.30% | 22,798 | $2.9M | Reduce -3.0% |
| COF Capital One Financial Corp. | 0.30% | 13,804 | $2.9M | Reduce -2.0% |
| IGF iShares Global Infrastructur | 0.28% | 45,589 | $2.8M | New |
| ESGD iShares Trust iShares ESG Aw | 0.27% | 28,365 | $2.6M | No change |
| AVEM Avantis Emerging Markets Eq | 0.26% | 34,409 | $2.6M | Reduce -0.7% |
| IWV iShares Russell 3000 ETF | 0.26% | 6,690 | $2.5M | No change |
| XOM Exxon Mobil Corp. | 0.25% | 22,257 | $2.5M | Add +0.0% |
| AMP Ameriprise Financial Inc. | 0.25% | 5,013 | $2.5M | Reduce -4.5% |
| ABBV Abbvie Inc. | 0.24% | 10,407 | $2.4M | Reduce -1.6% |
| ISRG Intuitive Surgical Inc. | 0.24% | 5,362 | $2.4M | No change |
| CI The Cigna Group | 0.24% | 8,297 | $2.4M | Add +1.5% |
| AMAT Applied Materials Inc. | 0.23% | 10,985 | $2.2M | Add +4.7% |
| CVX Chevron Corp. | 0.23% | 14,476 | $2.2M | Add +2.3% |
| LITE Lumentum Holdings Inc. | 0.22% | 13,193 | $2.1M | Reduce -4.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.20% | 38,428 | $2.0M | No change |
| ADBE Adobe Inc. | 0.20% | 5,594 | $2.0M | Add +2.2% |
| LOW Lowe's Cos Inc. | 0.20% | 7,824 | $2.0M | Add +4.0% |
| KNX Knight-Swift Transportation | 0.20% | 49,755 | $2.0M | Reduce -3.0% |
| MRVL Marvell Technology Inc. | 0.20% | 23,354 | $2.0M | New |
| BSX Boston Scientific Corp. | 0.19% | 19,555 | $1.9M | Reduce -1.8% |
| NKE Nike Inc. Class B | 0.19% | 27,192 | $1.9M | Add +0.7% |
| JNJ Johnson & Johnson | 0.19% | 10,194 | $1.9M | Add +1.0% |
| UNH Unitedhealth Group Inc. | 0.18% | 5,245 | $1.8M | Add +4.4% |
| MRK Merck & Co. Inc. | 0.18% | 21,030 | $1.8M | Add +0.1% |
| MTZ Mastec Inc. | 0.18% | 8,224 | $1.8M | Reduce -1.2% |
| DFAC Dimensional US Core Equity 2 | 0.17% | 43,145 | $1.7M | New |
| FOUR SHIFT4 Payments Inc. Class A | 0.17% | 21,351 | $1.7M | Reduce -1.0% |
| LHX L3HARRIS Technologies Inc. | 0.17% | 5,379 | $1.6M | Reduce -1.0% |
| AOR iShares Core 60/40 Balanced | 0.16% | 25,595 | $1.6M | Reduce -23.0% |
| ITW Illinois Tool Works | 0.16% | 6,154 | $1.6M | No change |
| ALAB Astera Labs Inc. | 0.16% | 8,009 | $1.6M | Reduce -0.4% |
| CARR Carrier Global Corp. | 0.16% | 25,879 | $1.5M | Reduce -2.8% |
| VEA Vanguard Ftse Developed ETF | 0.15% | 25,168 | $1.5M | Add +0.5% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $456K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CHS INC (CHSINC 7.5 PERP 4) | PFD | 6,896 | $177K | New |
| CHS INC (CHSINC V6.75 PERP 3) | PFD | 7,049 | $175K | New |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 85 | $105K | No change |
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: $992.4M.
Portfolio Sells Q2 2025 → Q3 2025
| SCHD Schwab US DVD Equity ETF | Reduce -78.5% | 1.72% | −6.55 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -98.5% | 0.00% | −0.21 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -29.2% | 0.47% | −0.19 |
| EA Electronic Arts Inc. | Reduce -96.5% | 0.01% | −0.19 |
| IFRA iShares US Infrastructure | Sold out | 0.00% | −0.14 |
| JCPB JPMorgan Core Plus Bond ETF | Reduce -0.5% | 2.37% | −0.14 |
| AES AES Corp. | Sold out | 0.00% | −0.13 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.12 |
| DXC DXC Technology Co. | Sold out | 0.00% | −0.12 |
| TGT Target Corp. | Reduce -71.1% | 0.04% | −0.12 |
| VXUS Vanguard Total Intl Stock | Reduce -4.1% | 2.51% | −0.11 |
| RGEN Repligen Corp. | Reduce -90.4% | 0.01% | −0.09 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -0.7% | 0.73% | −0.08 |
| VT Vanguard Tot World STK ETF | Reduce -61.2% | 0.04% | −0.08 |
| META Meta Platforms Inc. Class A | Reduce -0.3% | 0.97% | −0.07 |
| EXEL Exelixis Inc. | Reduce -1.0% | 0.43% | −0.06 |
| FOUR SHIFT4 Payments Inc. Class A | Reduce -1.0% | 0.17% | −0.06 |
| EAOR iShares ESG Aware 60/40 Bala | Reduce -90.2% | 0.01% | −0.06 |
| AOA iShares Core 80/20 Aggressiv | Reduce -54.2% | 0.04% | −0.05 |
| AOR iShares Core 60/40 Balanced | Reduce -23.0% | 0.16% | −0.05 |
| CARR Carrier Global Corp. | Reduce -2.8% | 0.16% | −0.05 |
| AMP Ameriprise Financial Inc. | Reduce -4.5% | 0.25% | −0.05 |
| AMZN Amazon.com Inc. | Reduce -0.1% | 0.77% | −0.05 |
| KNX Knight-Swift Transportation | Reduce -3.0% | 0.20% | −0.05 |
| DHR Danaher Corp. | Reduce -4.3% | 0.41% | −0.04 |
| BSJT Invesco Bulletshares 2029 HY | Reduce 0.0% | 0.69% | −0.04 |
| KMI Kinder Morgan Inc. | Reduce -0.2% | 0.39% | −0.04 |
| BSX Boston Scientific Corp. | Reduce -1.8% | 0.19% | −0.04 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -2.7% | 1.03% | −0.04 |
| AOM iShares Core 40/60 Moderate | Reduce -64.7% | 0.02% | −0.04 |
| CRM Salesforce Inc. | Reduce -1.1% | 0.15% | −0.04 |
| EFAV iShares MSCI Eafe Min Vol Fa | Reduce -1.4% | 0.41% | −0.03 |
| OMF Onemain Holdings Inc. | Reduce -1.5% | 0.31% | −0.03 |
| MSFT Microsoft Corp. | Reduce -0.2% | 1.12% | −0.03 |
| COF Capital One Financial Corp. | Reduce -2.0% | 0.30% | −0.03 |
| SCHG Schwab US Large-Cap Growth | Reduce -6.0% | 0.69% | −0.02 |
| SCHB Schwab US Broad Market ETF | Reduce -2.5% | 2.15% | −0.02 |
| ZTS Zoetis Inc. | Reduce -2.4% | 0.13% | −0.02 |
| BSCS Invesco Bulletshares 2028 CB | Reduce -55.6% | 0.01% | −0.02 |
| AOK iShares Core 30/70 Conservat | Reduce -53.1% | 0.01% | −0.02 |
| DOCU Docusign Inc. | Reduce -0.1% | 0.11% | −0.02 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -0.9% | 1.29% | −0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.01 |
| XLV SS Health Care Select Sector | Reduce -83.6% | 0.00% | −0.01 |
| BSJS Invesco Bulletshares 2028 HY | Reduce -10.6% | 0.06% | −0.01 |
| BSJV Invesco Bulletshares 2031 HY | Reduce -38.4% | 0.02% | −0.01 |
| HYMB SS SPDR N Ice HY Muni ETF | Reduce -36.5% | 0.02% | −0.01 |
| BSCR Invesco Bulletshares 2027 CB | Reduce -29.2% | 0.02% | −0.01 |
| SCHF Schwab Intl Equity ETF | Reduce -0.1% | 0.98% | −0.01 |
| ISRA Vaneck Israel ETF | Reduce -1.0% | 0.41% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| VSGX Vanguard ESG Intl Stock ETF | New | 3.46% | +3.46 |
| ESGV Vanguard ESG US Stock ETF | New | 3.27% | +3.27 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +12.5% | 7.74% | +0.97 |
| VCEB Vanguard ESG US Corp. Bond | New | 0.96% | +0.96 |
| SUSA iShares ESG Optimized MSCI U | Add +8.4% | 7.08% | +0.59 |
| DSI iShares ESG MSCI KLD 400 ETF | Add +4.4% | 5.30% | +0.32 |
| IGF iShares Global Infrastructur | New | 0.28% | +0.28 |
| MRVL Marvell Technology Inc. | New | 0.20% | +0.20 |
| DFAC Dimensional US Core Equity 2 | New | 0.17% | +0.17 |
| GOOG Alphabet Inc. Class C | Add +1.7% | 0.70% | +0.17 |
| AAPL Apple Inc. | Add +0.6% | 0.87% | +0.13 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +44.0% | 0.48% | +0.12 |
| WMT Walmart Inc. | Add +28.6% | 0.57% | +0.12 |
| MU Micron Technology Inc. | Add +2.3% | 0.42% | +0.10 |
| EFA iShares MSCI Eafe ETF | Add +11.3% | 0.80% | +0.07 |
| VOO Vanguard S&P 500 ETF | Add +17.8% | 0.36% | +0.06 |
| FTSM First Trust Enh Short Mat FD | New | 0.04% | +0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.3% | 1.83% | +0.03 |
| AMD Advanced Micro Devices | Add +1.8% | 0.34% | +0.03 |
| JNJ Johnson & Johnson | Add +1.0% | 0.19% | +0.03 |
| IJR iShares Core S&P Small-Cap E | Add +3.2% | 0.45% | +0.02 |
| OTEX Open Text Corp. | Add +0.5% | 0.12% | +0.02 |
| AMAT Applied Materials Inc. | Add +4.7% | 0.23% | +0.02 |
| ASML ASML Holding NV-NY Reg SHS | Add +3.0% | 0.13% | +0.02 |
| LOW Lowe's Cos Inc. | Add +4.0% | 0.20% | +0.02 |
| SPYX SS SPDR S&P 500 Foss FL ETF | Add +21.7% | 0.09% | +0.02 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +19.8% | 0.09% | +0.02 |
| UNH Unitedhealth Group Inc. | Add +4.4% | 0.18% | +0.01 |
| ORCL Oracle Corp. | Add +46.1% | 0.03% | +0.01 |
| RDVY First Trust Rising Dividend | Add +803.6% | 0.01% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.3% | 0.64% | +0.01 |
| CVX Chevron Corp. | Add +2.3% | 0.23% | +0.01 |
| PAVE Global X US Infrastructure | New | 0.01% | +0.01 |
| SDVY First Trust Smid Cap Rising | New | 0.01% | +0.01 |
| SCHC Schwab Intl Small-Cap Equity | Add +5.0% | 0.13% | +0.01 |
| VOOV Vanguard S&P 500 Value ETF | New | 0.01% | +0.01 |
| NET Cloudflare Inc. Class A | Add +23.6% | 0.03% | +0.01 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +4.9% | 0.10% | +0.00 |
| BX Blackstone Inc. | Add +40.6% | 0.01% | +0.00 |
| SPMD SS SPDR P S&P 400 Midcap ETF | New | 0.00% | +0.00 |
| UBER Uber Technologies Inc. | Add +26.6% | 0.02% | +0.00 |
| RSP Invesco S&P 500 Equal Weight | New | 0.00% | +0.00 |
| MCD McDonald's Corp. | Add +52.1% | 0.01% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +9.6% | 0.03% | +0.00 |
| AON Aon PLC Class A | Add +39.9% | 0.01% | +0.00 |
| LLY Eli Lilly & Co. | Add +51.9% | 0.01% | +0.00 |
| ALL Allstate Corp. | Add +2.5% | 0.09% | +0.00 |
| T AT&T Inc. | Add +84.0% | 0.01% | +0.00 |
| PSA Public Storage | Add +51.4% | 0.01% | +0.00 |
| MPC Marathon Petroleum Corp. | Add +33.1% | 0.01% | +0.00 |
Notes & Other Activity Q2 2025 → Q3 2025
| CHS INC (CHSINC 7.5 PERP 4) | PFD | New | 6,896 | $177K |
| CHS INC (CHSINC V6.75 PERP 3) | PFD | New | 7,049 | $175K |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Sold out | 85 | $103Kbefore exit |
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 |