Integrated Capital Management, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 9, 2025), Integrated Capital Management, Inc. reported 70 stock positions worth $125.7 million. Its top holding was Avantis US Large Cap Value (AVLV) at 13.3% of the portfolio, followed by Invesco Optimum Yield Divers (PDBC, 7.8%) and Vanguard Dividend Apprec ETF (VIG, 7.4%). Compared with Q4 2024, it opened 2 new positions, sold out of 5, added to 46 and reduced 21. The biggest buy was Invesco Optimum Yield Divers (PDBC, shares +5%) and the biggest sale Avantis US Large Cap Value (AVLV, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- JESSUP, PA
- CIK
- 0001608826
- Portfolio Value
- $125.7M (Q1 2025)
- SEC Filing
- 0001085146-25-001965 ↗ filed Apr 9, 2025
Holdings Value
Holdings 70 stocks · $125.7M
| AVLV Avantis US Large Cap Value | 13.26% | 255,514 | $16.7M | Reduce -6.9% |
| PDBC Invesco Optimum Yield Divers | 7.81% | 720,543 | $9.8M | Add +4.8% |
| VIG Vanguard Dividend Apprec ETF | 7.40% | 47,955 | $9.3M | Reduce -9.6% |
| SPDW Ste STR SPDR PT DW Eu ETF | 7.26% | 250,529 | $9.1M | Reduce -3.5% |
| SPTS SS SPDR P St Term TSY ETF | 6.55% | 281,715 | $8.2M | Add +5.6% |
| EFV iShares MSCI Eafe Value ETF | 5.53% | 117,820 | $6.9M | Reduce -1.6% |
| EMLC Vaneck JPM Em Local Curr BND | 4.79% | 252,449 | $6.0M | Add +5.5% |
| DMBS Doubleline Mortgage ETF | 4.69% | 120,272 | $5.9M | Add +1.1% |
| SPIB SS SPDR P Int C Corp. ETF | 4.44% | 167,727 | $5.6M | Reduce -1.0% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 4.42% | 81,597 | $5.5M | Add +3.3% |
| SPAB SS SPDR P Agg Bond ETF | 4.39% | 216,239 | $5.5M | Add +5.6% |
| MFEM PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER | 3.48% | 229,155 | $4.4M | Add +2.4% |
| JQUA JPMorgan US Quality Factor | 3.35% | 74,475 | $4.2M | Reduce -8.7% |
| SPTI SS SPDR P Int Term TSY ETF | 3.12% | 137,055 | $3.9M | Add +0.5% |
| VIOV Vanguard S&P Small-Cap 600 V | 2.64% | 39,570 | $3.3M | Reduce -0.4% |
| IWF iShares Russell 1000 Growth | 1.83% | 6,356 | $2.3M | Reduce -12.2% |
| VTI VG Morningstar TS MKT ETF-US | 1.57% | 7,199 | $2.0M | Reduce -12.9% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 1.27% | 58,375 | $1.6M | Add +4.8% |
| USFR Wisdomtree Floating Rate Tre | 1.00% | 24,947 | $1.3M | Add +19.0% |
| VEA Vanguard Ftse Developed ETF | 0.97% | 24,093 | $1.2M | Add +0.9% |
| NAD Nuveen Quality Municipal Inc. | 0.67% | 72,946 | $840K | Add +25.9% |
| BBN BlackRock Taxable Muni BND | 0.34% | 25,703 | $429K | Add +0.5% |
| NMZ Nuveen Muni Hi Inc. Opport | 0.33% | 37,565 | $410K | Add +3.3% |
| BTT BlackRock 2030 Muni TRGT TRM | 0.32% | 19,186 | $407K | Add +25.7% |
| PHK PIMCO High Income Fund | 0.32% | 81,406 | $398K | Add +24.7% |
| XGDVX Gabelli Dividend & Income TR | 0.30% | 15,560 | $375K | Reduce -0.6% |
| XEXGX Eaton Vance Tax-Managed Glob | 0.28% | 43,551 | $355K | Add +19.9% |
| XAODX Abrdn Total Dynamic Dividend | 0.27% | 40,884 | $343K | Add +30.7% |
| MSFT Microsoft Corp. | 0.27% | 900 | $338K | No change |
| NFJ Virtus DVD Intrst & PRM STR | 0.25% | 26,188 | $318K | Add +7.3% |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 0.23% | 22,463 | $295K | Add +4.0% |
| XFFCX Flaherty & Crumrine Pref Inc. | 0.23% | 18,221 | $290K | Add +0.7% |
| ETW Eaton Vance T/M GLBL Buy-WR | 0.22% | 33,915 | $280K | Add +11.1% |
| PML PIMCO Municipal Income FD II | 0.22% | 34,368 | $278K | New |
| HFRO Highland Opport & Income | 0.22% | 53,426 | $278K | Add +24.4% |
| MMD Nylim Mackay Definedterm Mun filed as NYLI MACKAY DEFINEDTERM MUNI | 0.22% | 18,135 | $273K | Add +32.7% |
| ZTR Virtus Total Return Fund Inc. | 0.21% | 45,003 | $269K | Add +12.5% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.21% | 5,156 | $263K | Add +3.5% |
| MMU Western Asset Managed Munici | 0.21% | 25,158 | $259K | Add +13.7% |
| STEW SRH Total Return Fund Inc. | 0.20% | 14,223 | $245K | Add +1.2% |
| KTF DWS Municipal Income Trust | 0.19% | 25,937 | $243K | Add +9.4% |
| GAM General American Investors | 0.19% | 4,823 | $243K | Reduce -7.2% |
| EVN Eaton Vance Muni Inc. TR | 0.18% | 22,310 | $229K | Add +17.5% |
| XBOEX BlackRock Enh GLBL DVD TR | 0.18% | 20,863 | $226K | Add +4.2% |
| XEADX Allspring Income Opport | 0.18% | 32,956 | $225K | Add +4.4% |
| LEO BNY Mellon Strategic Muni | 0.18% | 36,675 | $224K | Add +14.8% |
| NBH Neuberger Municipal Fund Inc. | 0.18% | 21,520 | $224K | Add +11.0% |
| MHD BlackRock Muniholdings Fund | 0.17% | 18,564 | $218K | Add +7.8% |
| BFK BlackRock Municipal Inc. TRST | 0.17% | 21,703 | $215K | Add +11.0% |
| BLE BlackRock Muni Inc. TR II | 0.17% | 20,661 | $215K | Add +12.1% |
| PMO Franklin Muncipl Opps Tst-Ui | 0.17% | 21,060 | $215K | Add +3.6% |
| XIGDX Voya GLBL Eqty DVD & PRM Opp | 0.17% | 36,735 | $212K | Reduce -4.5% |
| XMHIX Pioneer Muni High Inc. TR | 0.16% | 22,521 | $207K | Add +9.5% |
| XPMAX Pioneer Municipal High Inc. | 0.16% | 24,623 | $206K | Add +9.9% |
| ERIE Erie Indemnity Company Class A | 0.16% | 488 | $204K | Add +0.4% |
| DIAX Nuveen Dow 30 Dynamic Overwr | 0.16% | 14,061 | $204K | Reduce -6.6% |
| XMVFX BlackRock Munivest Fund | 0.16% | 28,961 | $203K | Add +10.9% |
| XPMQX PIMCO Muni Income Fund III | 0.16% | 28,285 | $203K | Add +11.4% |
| DHY UBS Asset Management High Yi filed as CREDIT SUISSE HIGH YIELD BD | 0.16% | 95,184 | $202K | Add +0.4% |
| ETB Eaton Vance T/M Buy-WRT Inc. | 0.16% | 14,682 | $200K | Add +5.0% |
| DMO Western Asset Mort Def Opp | 0.15% | 16,339 | $193K | Reduce -0.6% |
| DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD | 0.15% | 33,293 | $192K | Add +7.5% |
| DHF BNYM High Yield Strategies filed as BNY MELLON HIGH YIELD STRATE | 0.15% | 74,987 | $191K | Reduce -1.1% |
| AEF Abrdn Emerging Markets Ex CH | 0.15% | 37,494 | $186K | New |
| XPHTX Pioneer High Income Fund | 0.15% | 23,854 | $185K | Reduce -5.7% |
| GDL GDL Fund | 0.10% | 16,005 | $132K | Reduce -7.7% |
| XAGDX Abrdn GLBL DYNM Divid | 0.10% | 13,209 | $132K | Reduce -4.3% |
| VLT Invesco High Income Trust II | 0.10% | 12,374 | $131K | Reduce -2.6% |
| EMF Templeton Emerging Markets | 0.10% | 10,180 | $131K | Reduce -8.7% |
| MFM Aberdeen Municipal Income | 0.10% | 24,152 | $128K | Reduce -2.1% |
Portfolio Sells Q4 2024 → Q1 2025
| AVLV Avantis US Large Cap Value | Reduce -6.9% | 13.26% | −1.22 |
| VIG Vanguard Dividend Apprec ETF | Reduce -9.6% | 7.40% | −0.80 |
| NZF Nuveen Municipal Credit Inc. | Sold out | 0.00% | −0.50 |
| IWF iShares Russell 1000 Growth | Reduce -12.2% | 1.83% | −0.47 |
| JQUA JPMorgan US Quality Factor | Reduce -8.7% | 3.35% | −0.35 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -12.9% | 1.57% | −0.32 |
| VIOV Vanguard S&P Small-Cap 600 V | Reduce -0.4% | 2.64% | −0.29 |
| NCV Virtus Convertible & Income | Sold out | 0.00% | −0.21 |
| WIW Western Asst Infl-LNK Opp | Sold out | 0.00% | −0.21 |
| NCZ Virtus Convertible & Inc. FD | Sold out | 0.00% | −0.20 |
| XBGYX BlackRock Enh Intl DVD TR | Sold out | 0.00% | −0.15 |
| DIAX Nuveen Dow 30 Dynamic Overwr | Reduce -6.6% | 0.16% | −0.02 |
| GAM General American Investors | Reduce -7.2% | 0.19% | −0.02 |
| XPHTX Pioneer High Income Fund | Reduce -5.7% | 0.15% | −0.01 |
| VLT Invesco High Income Trust II | Reduce -2.6% | 0.10% | −0.01 |
| GDL GDL Fund | Reduce -7.7% | 0.10% | −0.01 |
| MFM Aberdeen Municipal Income | Reduce -2.1% | 0.10% | −0.00 |
| XAGDX Abrdn GLBL DYNM Divid | Reduce -4.3% | 0.10% | −0.00 |
| EMF Templeton Emerging Markets | Reduce -8.7% | 0.10% | −0.00 |
| DHF BNYM High Yield Strategies | Reduce -1.1% | 0.15% | −0.00 |
| XGDVX Gabelli Dividend & Income TR | Reduce -0.6% | 0.30% | +0.00 |
| DMO Western Asset Mort Def Opp | Reduce -0.6% | 0.15% | +0.00 |
| XIGDX Voya GLBL Eqty DVD & PRM Opp | Reduce -4.5% | 0.17% | +0.00 |
| SPIB SS SPDR P Int C Corp. ETF | Reduce -1.0% | 4.44% | +0.05 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -3.5% | 7.26% | +0.26 |
| EFV iShares MSCI Eafe Value ETF | Reduce -1.6% | 5.53% | +0.56 |
Portfolio Buys Q4 2024 → Q1 2025
| PDBC Invesco Optimum Yield Divers | Add +4.8% | 7.81% | +0.76 |
| SPTS SS SPDR P St Term TSY ETF | Add +5.6% | 6.55% | +0.44 |
| EMLC Vaneck JPM Em Local Curr BND | Add +5.5% | 4.79% | +0.42 |
| SPAB SS SPDR P Agg Bond ETF | Add +5.6% | 4.39% | +0.35 |
| PML PIMCO Municipal Income FD II | New | 0.22% | +0.22 |
| DMBS Doubleline Mortgage ETF | Add +1.1% | 4.69% | +0.17 |
| USFR Wisdomtree Floating Rate Tre | Add +19.0% | 1.00% | +0.17 |
| AEF Abrdn Emerging Markets Ex CH | New | 0.15% | +0.15 |
| NAD Nuveen Quality Municipal Inc. | Add +25.9% | 0.67% | +0.13 |
| MFEM PIMCO Rafi Dynamic Multi-Fac | Add +2.4% | 3.48% | +0.11 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +4.8% | 1.27% | +0.11 |
| SPTI SS SPDR P Int Term TSY ETF | Add +0.5% | 3.12% | +0.11 |
| BTT BlackRock 2030 Muni TRGT TRM | Add +25.7% | 0.32% | +0.08 |
| VEA Vanguard Ftse Developed ETF | Add +0.9% | 0.97% | +0.07 |
| PHK PIMCO High Income Fund | Add +24.7% | 0.32% | +0.07 |
| XAODX Abrdn Total Dynamic Dividend | Add +30.7% | 0.27% | +0.07 |
| MMD Nylim Mackay Definedterm Mun | Add +32.7% | 0.22% | +0.06 |
| XEXGX Eaton Vance Tax-Managed Glob | Add +19.9% | 0.28% | +0.05 |
| HFRO Highland Opport & Income | Add +24.4% | 0.22% | +0.04 |
| EVN Eaton Vance Muni Inc. TR | Add +17.5% | 0.18% | +0.03 |
| ZTR Virtus Total Return Fund Inc. | Add +12.5% | 0.21% | +0.03 |
| MMU Western Asset Managed Munici | Add +13.7% | 0.21% | +0.03 |
| LEO BNY Mellon Strategic Muni | Add +14.8% | 0.18% | +0.03 |
| ETW Eaton Vance T/M GLBL Buy-WR | Add +11.1% | 0.22% | +0.02 |
| NBH Neuberger Municipal Fund Inc. | Add +11.0% | 0.18% | +0.02 |
| BFK BlackRock Municipal Inc. TRST | Add +11.0% | 0.17% | +0.02 |
| BLE BlackRock Muni Inc. TR II | Add +12.1% | 0.17% | +0.02 |
| STEW SRH Total Return Fund Inc. | Add +1.2% | 0.20% | +0.02 |
| KTF DWS Municipal Income Trust | Add +9.4% | 0.19% | +0.02 |
| XMVFX BlackRock Munivest Fund | Add +10.9% | 0.16% | +0.02 |
| BBN BlackRock Taxable Muni BND | Add +0.5% | 0.34% | +0.02 |
| NMZ Nuveen Muni Hi Inc. Opport | Add +3.3% | 0.33% | +0.02 |
| MHD BlackRock Muniholdings Fund | Add +7.8% | 0.17% | +0.01 |
| XMHIX Pioneer Muni High Inc. TR | Add +9.5% | 0.16% | +0.01 |
| XPMAX Pioneer Municipal High Inc. | Add +9.9% | 0.16% | +0.01 |
| XPMQX PIMCO Muni Income Fund III | Add +11.4% | 0.16% | +0.01 |
| DSM BNYM Strat Muni BND | Add +7.5% | 0.15% | +0.01 |
| XBOEX BlackRock Enh GLBL DVD TR | Add +4.2% | 0.18% | +0.01 |
| NFJ Virtus DVD Intrst & PRM STR | Add +7.3% | 0.25% | +0.01 |
| XFFCX Flaherty & Crumrine Pref Inc. | Add +0.7% | 0.23% | +0.01 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +3.5% | 0.21% | +0.01 |
| PMO Franklin Muncipl Opps Tst-Ui | Add +3.6% | 0.17% | +0.01 |
| XEADX Allspring Income Opport | Add +4.4% | 0.18% | +0.01 |
| ERIE Erie Indemnity Company Class A | Add +0.4% | 0.16% | +0.00 |
| DHY UBS Asset Management High Yi | Add +0.4% | 0.16% | +0.00 |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | Add +4.0% | 0.23% | −0.00 |
| ETB Eaton Vance T/M Buy-WRT Inc. | Add +5.0% | 0.16% | −0.01 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +3.3% | 4.42% | −0.04 |
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 |