Integrated Capital Management, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 14, 2025), Integrated Capital Management, Inc. reported 73 stock positions worth $126.6 million. Its top holding was Avantis US Large Cap Value (AVLV) at 14.5% of the portfolio, followed by Vanguard Dividend Apprec ETF (VIG, 8.2%) and Invesco Optimum Yield Divers (PDBC, 7.1%). Compared with Q3 2024, it opened 2 new positions, sold out of 3, added to 49 and reduced 20. The biggest buy was SS SPDR P St Term TSY ETF (SPTS, shares +5%) and the biggest sale Ste STR SPDR PT DW Eu ETF (SPDW, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- JESSUP, PA
- CIK
- 0001608826
- Portfolio Value
- $126.6M (Q4 2024)
- SEC Filing
- 0001085146-25-000174 ↗ filed Jan 14, 2025
Holdings Value
Holdings 73 stocks · $126.6M
| AVLV Avantis US Large Cap Value | 14.48% | 274,510 | $18.3M | Reduce -2.2% |
| VIG Vanguard Dividend Apprec ETF | 8.20% | 53,023 | $10.4M | Reduce -1.0% |
| PDBC Invesco Optimum Yield Divers | 7.05% | 687,324 | $8.9M | Add +4.6% |
| SPDW Ste STR SPDR PT DW Eu ETF | 7.00% | 259,540 | $8.9M | Reduce -0.2% |
| SPTS SS SPDR P St Term TSY ETF | 6.11% | 266,759 | $7.7M | Add +5.1% |
| EFV iShares MSCI Eafe Value ETF | 4.96% | 119,754 | $6.3M | Add +2.7% |
| DMBS Doubleline Mortgage ETF | 4.52% | 118,925 | $5.7M | Reduce -0.9% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 4.46% | 79,024 | $5.6M | Reduce -0.1% |
| SPIB SS SPDR P Int C Corp. ETF | 4.38% | 169,387 | $5.5M | Reduce -1.5% |
| EMLC Vaneck JPM Em Local Curr BND | 4.37% | 239,396 | $5.5M | Add +6.2% |
| SPAB SS SPDR P Agg Bond ETF | 4.04% | 204,854 | $5.1M | Add +8.3% |
| JQUA JPMorgan US Quality Factor | 3.69% | 81,594 | $4.7M | Reduce -2.8% |
| MFEM PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER | 3.36% | 223,848 | $4.3M | Add +0.6% |
| SPTI SS SPDR P Int Term TSY ETF | 3.00% | 136,341 | $3.8M | Reduce -0.6% |
| VIOV Vanguard S&P Small-Cap 600 V | 2.93% | 39,744 | $3.7M | Reduce -0.9% |
| IWF iShares Russell 1000 Growth | 2.30% | 7,240 | $2.9M | Reduce -2.4% |
| VTI VG Morningstar TS MKT ETF-US | 1.89% | 8,266 | $2.4M | Add +0.2% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 1.15% | 55,689 | $1.5M | Reduce -0.1% |
| VEA Vanguard Ftse Developed ETF | 0.90% | 23,882 | $1.1M | Add +1.3% |
| USFR Wisdomtree Floating Rate Tre | 0.83% | 20,970 | $1.1M | Reduce -3.8% |
| NAD Nuveen Quality Municipal Inc. | 0.53% | 57,953 | $676K | Add +27.2% |
| NZF Nuveen Municipal Credit Inc. | 0.50% | 52,020 | $633K | Add +39.7% |
| BBN BlackRock Taxable Muni BND | 0.33% | 25,572 | $412K | Add +13.2% |
| NMZ Nuveen Muni Hi Inc. Opport | 0.31% | 36,375 | $393K | Add +24.2% |
| MSFT Microsoft Corp. | 0.30% | 900 | $379K | No change |
| XGDVX Gabelli Dividend & Income TR | 0.30% | 15,656 | $378K | Add +3.8% |
| PHK PIMCO High Income Fund | 0.25% | 65,276 | $317K | Add +6.4% |
| BTT BlackRock 2030 Muni TRGT TRM | 0.25% | 15,263 | $314K | New |
| NFJ Virtus DVD Intrst & PRM STR | 0.24% | 24,405 | $308K | Add +3.5% |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 0.24% | 21,588 | $302K | Add +3.1% |
| XEXGX Eaton Vance Tax-Managed Glob | 0.23% | 36,308 | $297K | Add +1.3% |
| XFFCX Flaherty & Crumrine Pref Inc. | 0.22% | 18,103 | $281K | Add +1.8% |
| NCV Virtus Convertible & Income | 0.21% | 78,058 | $271K | Reduce -2.7% |
| WIW Western Asst Infl-LNK Opp | 0.21% | 32,338 | $267K | Add +6.7% |
| GAM General American Investors | 0.21% | 5,196 | $265K | Add +22.1% |
| XAODX Abrdn Total Dynamic Dividend | 0.21% | 31,285 | $263K | Add +5.8% |
| ETW Eaton Vance T/M GLBL Buy-WR | 0.20% | 30,517 | $257K | Add +6.1% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.20% | 4,981 | $255K | Add +1.1% |
| NCZ Virtus Convertible & Inc. FD | 0.20% | 80,940 | $253K | Reduce -1.2% |
| ZTR Virtus Total Return Fund Inc. | 0.19% | 39,990 | $234K | Reduce -6.0% |
| DIAX Nuveen Dow 30 Dynamic Overwr | 0.18% | 15,059 | $227K | Add +2.1% |
| MMU Western Asset Managed Munici | 0.18% | 22,130 | $226K | Add +7.1% |
| STEW SRH Total Return Fund Inc. | 0.18% | 14,060 | $225K | Reduce -0.0% |
| KTF DWS Municipal Income Trust | 0.18% | 23,715 | $224K | Add +17.1% |
| HFRO Highland Opport & Income | 0.18% | 42,947 | $223K | Add +7.7% |
| XEADX Allspring Income Opport | 0.17% | 31,571 | $217K | Add +3.0% |
| XBOEX BlackRock Enh GLBL DVD TR | 0.17% | 20,026 | $216K | Reduce -0.1% |
| ETB Eaton Vance T/M Buy-WRT Inc. | 0.17% | 13,978 | $210K | Add +1.0% |
| XIGDX Voya GLBL Eqty DVD & PRM Opp | 0.16% | 38,456 | $208K | Add +4.3% |
| PMO Franklin Muncipl Opps Tst-Ui | 0.16% | 20,325 | $206K | Add +10.5% |
| MMD Nylim Mackay Definedterm Mun filed as NYLI MACKAY DEFINEDTERM MUNI | 0.16% | 13,664 | $204K | New |
| DHY UBS Asset Management High Yi filed as CREDIT SUISSE HIGH YIELD BD | 0.16% | 94,777 | $203K | Reduce -1.1% |
| MHD BlackRock Muniholdings Fund | 0.16% | 17,212 | $201K | Add +3.8% |
| NBH Neuberger Municipal Fund Inc. | 0.16% | 19,385 | $201K | Add +7.8% |
| ERIE Erie Indemnity Company Class A | 0.16% | 486 | $200K | Add +0.2% |
| XPHTX Pioneer High Income Fund | 0.15% | 25,289 | $196K | Add +2.4% |
| DMO Western Asset Mort Def Opp | 0.15% | 16,437 | $194K | Add +5.9% |
| BLE BlackRock Muni Inc. TR II | 0.15% | 18,427 | $194K | Add +3.8% |
| DHF BNYM High Yield Strategies filed as BNY MELLON HIGH YIELD STRATE | 0.15% | 75,790 | $193K | No change |
| LEO BNY Mellon Strategic Muni | 0.15% | 31,952 | $193K | Add +0.1% |
| BFK BlackRock Municipal Inc. TRST | 0.15% | 19,557 | $193K | Add +1.5% |
| EVN Eaton Vance Muni Inc. TR | 0.15% | 18,985 | $192K | Add +3.6% |
| XMHIX Pioneer Muni High Inc. TR | 0.15% | 20,566 | $190K | Add +2.1% |
| XPMAX Pioneer Municipal High Inc. | 0.15% | 22,412 | $189K | Add +2.1% |
| XPMQX PIMCO Muni Income Fund III | 0.15% | 25,387 | $187K | Add +7.8% |
| XBGYX BlackRock Enh Intl DVD TR | 0.15% | 35,123 | $186K | Add +3.5% |
| XMVFX BlackRock Munivest Fund | 0.15% | 26,104 | $184K | Add +2.4% |
| DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD | 0.14% | 30,982 | $180K | Add +2.2% |
| VLT Invesco High Income Trust II | 0.11% | 12,704 | $139K | Reduce -0.2% |
| GDL GDL Fund | 0.11% | 17,341 | $139K | Add +0.8% |
| XAGDX Abrdn GLBL DYNM Divid | 0.11% | 13,798 | $135K | Reduce -0.9% |
| EMF Templeton Emerging Markets | 0.11% | 11,145 | $133K | Add +2.0% |
| MFM Aberdeen Municipal Income | 0.10% | 24,668 | $132K | Add +0.1% |
Portfolio Sells Q3 2024 → Q4 2024
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -0.2% | 7.00% | −0.54 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Sold out | 0.00% | −0.38 |
| PML PIMCO Municipal Income FD II | Sold out | 0.00% | −0.19 |
| DMBS Doubleline Mortgage ETF | Reduce -0.9% | 4.52% | −0.15 |
| KSM DWS Strategic Municipal Inc. | Sold out | 0.00% | −0.11 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -0.1% | 1.15% | −0.10 |
| SPIB SS SPDR P Int C Corp. ETF | Reduce -1.5% | 4.38% | −0.09 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -0.6% | 3.00% | −0.08 |
| ZTR Virtus Total Return Fund Inc. | Reduce -6.0% | 0.19% | −0.02 |
| USFR Wisdomtree Floating Rate Tre | Reduce -3.8% | 0.83% | −0.01 |
| DHY UBS Asset Management High Yi | Reduce -1.1% | 0.16% | −0.01 |
| XAGDX Abrdn GLBL DYNM Divid | Reduce -0.9% | 0.11% | −0.01 |
| XBOEX BlackRock Enh GLBL DVD TR | Reduce -0.1% | 0.17% | −0.00 |
| VLT Invesco High Income Trust II | Reduce -0.2% | 0.11% | −0.00 |
| NCV Virtus Convertible & Income | Reduce -2.7% | 0.21% | −0.00 |
| NCZ Virtus Convertible & Inc. FD | Reduce -1.2% | 0.20% | +0.00 |
| STEW SRH Total Return Fund Inc. | Reduce -0.0% | 0.18% | +0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.0% | 8.20% | +0.01 |
| JQUA JPMorgan US Quality Factor | Reduce -2.8% | 3.69% | +0.03 |
| VIOV Vanguard S&P Small-Cap 600 V | Reduce -0.9% | 2.93% | +0.07 |
| IWF iShares Russell 1000 Growth | Reduce -2.4% | 2.30% | +0.15 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -0.1% | 4.46% | +0.18 |
| AVLV Avantis US Large Cap Value | Reduce -2.2% | 14.48% | +0.21 |
Portfolio Buys Q3 2024 → Q4 2024
| SPTS SS SPDR P St Term TSY ETF | Add +5.1% | 6.11% | +0.35 |
| BTT BlackRock 2030 Muni TRGT TRM | New | 0.25% | +0.25 |
| PDBC Invesco Optimum Yield Divers | Add +4.6% | 7.05% | +0.24 |
| SPAB SS SPDR P Agg Bond ETF | Add +8.3% | 4.04% | +0.23 |
| MMD Nylim Mackay Definedterm Mun | New | 0.16% | +0.16 |
| NZF Nuveen Municipal Credit Inc. | Add +39.7% | 0.50% | +0.12 |
| NAD Nuveen Quality Municipal Inc. | Add +27.2% | 0.53% | +0.10 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.2% | 1.89% | +0.09 |
| NMZ Nuveen Muni Hi Inc. Opport | Add +24.2% | 0.31% | +0.05 |
| GAM General American Investors | Add +22.1% | 0.21% | +0.03 |
| KTF DWS Municipal Income Trust | Add +17.1% | 0.18% | +0.02 |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | Add +3.1% | 0.24% | +0.02 |
| BBN BlackRock Taxable Muni BND | Add +13.2% | 0.33% | +0.01 |
| XGDVX Gabelli Dividend & Income TR | Add +3.8% | 0.30% | +0.01 |
| PHK PIMCO High Income Fund | Add +6.4% | 0.25% | +0.01 |
| ETB Eaton Vance T/M Buy-WRT Inc. | Add +1.0% | 0.17% | +0.01 |
| ETW Eaton Vance T/M GLBL Buy-WR | Add +6.1% | 0.20% | +0.01 |
| DIAX Nuveen Dow 30 Dynamic Overwr | Add +2.1% | 0.18% | +0.01 |
| DMO Western Asset Mort Def Opp | Add +5.9% | 0.15% | +0.01 |
| PMO Franklin Muncipl Opps Tst-Ui | Add +10.5% | 0.16% | +0.01 |
| NFJ Virtus DVD Intrst & PRM STR | Add +3.5% | 0.24% | +0.01 |
| MMU Western Asset Managed Munici | Add +7.1% | 0.18% | +0.01 |
| WIW Western Asst Infl-LNK Opp | Add +6.7% | 0.21% | +0.00 |
| NBH Neuberger Municipal Fund Inc. | Add +7.8% | 0.16% | +0.00 |
| XIGDX Voya GLBL Eqty DVD & PRM Opp | Add +4.3% | 0.16% | +0.00 |
| XEADX Allspring Income Opport | Add +3.0% | 0.17% | +0.00 |
| XPHTX Pioneer High Income Fund | Add +2.4% | 0.15% | +0.00 |
| GDL GDL Fund | Add +0.8% | 0.11% | +0.00 |
| XMHIX Pioneer Muni High Inc. TR | Add +2.1% | 0.15% | +0.00 |
| XAODX Abrdn Total Dynamic Dividend | Add +5.8% | 0.21% | +0.00 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +1.1% | 0.20% | +0.00 |
| XPMAX Pioneer Municipal High Inc. | Add +2.1% | 0.15% | −0.00 |
| BLE BlackRock Muni Inc. TR II | Add +3.8% | 0.15% | −0.00 |
| XPMQX PIMCO Muni Income Fund III | Add +7.8% | 0.15% | −0.00 |
| XFFCX Flaherty & Crumrine Pref Inc. | Add +1.8% | 0.22% | −0.00 |
| MHD BlackRock Muniholdings Fund | Add +3.8% | 0.16% | −0.00 |
| EVN Eaton Vance Muni Inc. TR | Add +3.6% | 0.15% | −0.00 |
| DSM BNYM Strat Muni BND | Add +2.2% | 0.14% | −0.00 |
| XMVFX BlackRock Munivest Fund | Add +2.4% | 0.15% | −0.00 |
| XBGYX BlackRock Enh Intl DVD TR | Add +3.5% | 0.15% | −0.00 |
| MFM Aberdeen Municipal Income | Add +0.1% | 0.10% | −0.00 |
| BFK BlackRock Municipal Inc. TRST | Add +1.5% | 0.15% | −0.01 |
| XEXGX Eaton Vance Tax-Managed Glob | Add +1.3% | 0.23% | −0.01 |
| LEO BNY Mellon Strategic Muni | Add +0.1% | 0.15% | −0.01 |
| EMF Templeton Emerging Markets | Add +2.0% | 0.11% | −0.01 |
| HFRO Highland Opport & Income | Add +7.7% | 0.18% | −0.01 |
| ERIE Erie Indemnity Company Class A | Add +0.2% | 0.16% | −0.04 |
| EMLC Vaneck JPM Em Local Curr BND | Add +6.2% | 4.37% | −0.05 |
| VEA Vanguard Ftse Developed ETF | Add +1.3% | 0.90% | −0.06 |
| EFV iShares MSCI Eafe Value ETF | Add +2.7% | 4.96% | −0.22 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 57 | $143.3M | AVLV, EFV, VIG, SPDW, SPTM |
| Q1 2026 | 56 | $150.4M | AVLV, EFV, PDBC, SPDW, VIG |
| Q4 2025 | 60 | $150.4M | EFV, AVLV, PDBC, VIG, SPDW |
| Q3 2025 | 59 | $143.5M | AVLV, EFV, PDBC, VIG, SPDW |
| Q2 2025 | 71 | $131.4M | AVLV, SPDW, VIG, PDBC, SPTS |
| Q1 2025 | 70 | $125.7M | AVLV, PDBC, VIG, SPDW, SPTS |
| Q4 2024 | 73 | $126.6M | AVLV, VIG, PDBC, SPDW, SPTS |
| Q3 2024 | 74 | $129.5M | AVLV, VIG, SPDW, PDBC, SPTS |
| Q2 2024 | 79 | $125.3M | AVLV, VIG, SPDW, PDBC, SPTS |
| Q1 2024 | 79 | $122.3M | AVLV, VIG, SPDW, PDBC, SPTS |