Integrated Capital Management, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 25, 2025), Integrated Capital Management, Inc. reported 71 stock positions worth $131.4 million. Its top holding was Avantis US Large Cap Value (AVLV) at 13.2% of the portfolio, followed by Ste STR SPDR PT DW Eu ETF (SPDW, 7.6%) and Vanguard Dividend Apprec ETF (VIG, 7.4%). Compared with Q1 2025, it opened 6 new positions, sold out of 5, added to 41 and reduced 23. The biggest buy was SS SPDR P S&P 1500 Comp ETF (SPTM, shares +2%) and the biggest sale Invesco Optimum Yield Divers (PDBC, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- JESSUP, PA
- CIK
- 0001608826
- Portfolio Value
- $131.4M (Q2 2025)
- SEC Filing
- 0001085146-25-004173 ↗ filed Jul 25, 2025
Holdings Value
Holdings 71 stocks · $131.4M
| AVLV Avantis US Large Cap Value | 13.17% | 253,790 | $17.3M | Reduce -0.7% |
| SPDW Ste STR SPDR PT DW Eu ETF | 7.61% | 247,136 | $10.0M | Reduce -1.4% |
| VIG Vanguard Dividend Apprec ETF | 7.36% | 47,259 | $9.7M | Reduce -1.4% |
| PDBC Invesco Optimum Yield Divers | 7.05% | 710,744 | $9.3M | Reduce -1.4% |
| SPTS SS SPDR P St Term TSY ETF | 6.12% | 274,670 | $8.0M | Reduce -2.5% |
| EFV iShares MSCI Eafe Value ETF | 5.71% | 118,287 | $7.5M | Add +0.4% |
| EMLC Vaneck JPM Em Local Curr BND | 4.84% | 250,962 | $6.4M | Reduce -0.6% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 4.75% | 83,292 | $6.2M | Add +2.1% |
| DMBS Doubleline Mortgage ETF | 4.46% | 119,335 | $5.9M | Reduce -0.8% |
| SPAB SS SPDR P Agg Bond ETF | 4.32% | 221,505 | $5.7M | Add +2.4% |
| SPIB SS SPDR P Int C Corp. ETF | 4.23% | 165,457 | $5.6M | Reduce -1.4% |
| MFEM PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER | 3.63% | 225,406 | $4.8M | Reduce -1.6% |
| JQUA JPMorgan US Quality Factor | 3.32% | 72,756 | $4.4M | Reduce -2.3% |
| SPTI SS SPDR P Int Term TSY ETF | 2.97% | 135,433 | $3.9M | Reduce -1.2% |
| VIOV Vanguard S&P Small-Cap 600 V | 2.56% | 39,364 | $3.4M | Reduce -0.5% |
| IWF iShares Russell 1000 Growth | 2.01% | 6,221 | $2.6M | Reduce -2.1% |
| VTI VG Morningstar TS MKT ETF-US | 1.69% | 7,317 | $2.2M | Add +1.6% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 1.46% | 72,311 | $1.9M | Add +23.9% |
| VEA Vanguard Ftse Developed ETF | 1.10% | 25,331 | $1.4M | Add +5.1% |
| USFR Wisdomtree Floating Rate Tre | 1.08% | 28,251 | $1.4M | Add +13.2% |
| BTT BlackRock 2030 Muni TRGT TRM | 0.42% | 25,321 | $554K | Add +32.0% |
| MSFT Microsoft Corp. | 0.34% | 900 | $448K | No change |
| PHK PIMCO High Income Fund | 0.32% | 86,555 | $415K | Add +6.3% |
| XGDVX Gabelli Dividend & Income TR | 0.31% | 15,628 | $406K | Add +0.4% |
| BBN BlackRock Taxable Muni BND | 0.31% | 25,205 | $406K | Reduce -1.9% |
| XEXGX Eaton Vance Tax-Managed Glob | 0.31% | 46,175 | $404K | Add +6.0% |
| XAODX Abrdn Total Dynamic Dividend | 0.29% | 42,747 | $379K | Add +4.6% |
| NDMO Nuveen Dynamic Municipal Opp | 0.27% | 35,637 | $359K | New |
| PML PIMCO Municipal Income FD II | 0.26% | 46,356 | $345K | Add +34.9% |
| NFJ Virtus DVD Intrst & PRM STR | 0.26% | 27,123 | $336K | Add +3.6% |
| MMD Nylim Mackay Definedterm Mun filed as NYLI MACKAY DEFINEDTERM MUNI | 0.25% | 22,462 | $332K | Add +23.9% |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 0.24% | 23,069 | $320K | Add +2.7% |
| XMYDX BlackRock Muniyield Fund | 0.24% | 31,252 | $314K | New |
| ETW Eaton Vance T/M GLBL Buy-WR | 0.23% | 35,399 | $306K | Add +4.4% |
| XFFCX Flaherty & Crumrine Pref Inc. | 0.23% | 18,582 | $303K | Add +2.0% |
| NCV Virtus Convertible & Income | 0.23% | 21,157 | $300K | New |
| MMU Western Asset Managed Munici | 0.23% | 30,099 | $298K | Add +19.6% |
| HFRO Highland Opport & Income | 0.22% | 54,872 | $285K | Add +2.7% |
| ZTR Virtus Total Return Fund Inc. | 0.21% | 45,288 | $282K | Add +0.6% |
| STEW SRH Total Return Fund Inc. | 0.21% | 15,889 | $281K | Add +11.7% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.21% | 5,334 | $279K | Add +3.5% |
| MUA BlackRock Muniassets Fund | 0.21% | 26,525 | $276K | New |
| BLE BlackRock Muni Inc. TR II | 0.20% | 25,798 | $259K | Add +24.9% |
| BFK BlackRock Municipal Inc. TRST | 0.20% | 26,817 | $257K | Add +23.6% |
| EVN Eaton Vance Muni Inc. TR | 0.20% | 25,076 | $257K | Add +12.4% |
| LEO BNY Mellon Strategic Muni | 0.20% | 43,305 | $256K | Add +18.1% |
| GAM General American Investors | 0.19% | 4,570 | $256K | Reduce -5.3% |
| MHD BlackRock Muniholdings Fund | 0.19% | 22,273 | $249K | Add +20.0% |
| PMO Franklin Muncipl Opps Tst-Ui | 0.19% | 25,018 | $247K | Add +18.8% |
| NBH Neuberger Municipal Fund Inc. | 0.18% | 24,736 | $243K | Add +14.9% |
| XEADX Allspring Income Opport | 0.18% | 34,333 | $242K | Add +4.2% |
| XBOEX BlackRock Enh GLBL DVD TR | 0.18% | 21,170 | $240K | Add +1.5% |
| NCZ Virtus Convertible & Income | 0.18% | 18,406 | $236K | New |
| QQQ Invesco QQQ Trust Series 1 | 0.18% | 425 | $234K | New |
| XPMQX PIMCO Muni Income Fund III | 0.17% | 33,148 | $227K | Add +17.2% |
| DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD | 0.17% | 40,069 | $224K | Add +20.4% |
| XIGDX Voya GLBL Eqty DVD & PRM Opp | 0.17% | 37,569 | $218K | Add +2.3% |
| ETB Eaton Vance T/M Buy-WRT Inc. | 0.17% | 15,082 | $218K | Add +2.7% |
| XMVFX BlackRock Munivest Fund | 0.16% | 32,569 | $214K | Add +12.5% |
| AEF Abrdn Emerging Markets Ex CH | 0.16% | 35,872 | $213K | Reduce -4.3% |
| DHF BNYM High Yield Strategies filed as BNY MELLON HIGH YIELD STRATE | 0.16% | 80,580 | $210K | Add +7.5% |
| DIAX Nuveen Dow 30 Dynamic Overwr | 0.16% | 14,528 | $208K | Add +3.3% |
| DHY UBS Asset Management High Yi filed as CREDIT SUISSE HIGH YIELD BD | 0.16% | 96,930 | $206K | Add +1.8% |
| DMO Western Asset Mort Def Opp | 0.16% | 17,244 | $206K | Add +5.5% |
| XPMAX Pioneer Municipal High Inc. | 0.15% | 23,339 | $194K | Reduce -5.2% |
| XMHIX Pioneer Muni High Inc. TR | 0.15% | 21,124 | $193K | Reduce -6.2% |
| XPHTX Pioneer High Income Fund | 0.15% | 23,657 | $191K | Reduce -0.8% |
| XAGDX Abrdn GLBL DYNM Divid | 0.10% | 12,412 | $137K | Reduce -6.0% |
| VLT Invesco High Income Trust II | 0.10% | 12,271 | $134K | Reduce -0.8% |
| GDL GDL Fund | 0.10% | 15,594 | $130K | Reduce -2.6% |
| MFM Aberdeen Municipal Income | 0.09% | 23,951 | $124K | Reduce -0.8% |
Portfolio Sells Q1 2025 → Q2 2025
| PDBC Invesco Optimum Yield Divers | Reduce -1.4% | 7.05% | −0.76 |
| NAD Nuveen Quality Municipal Inc. | Sold out | 0.00% | −0.67 |
| SPTS SS SPDR P St Term TSY ETF | Reduce -2.5% | 6.12% | −0.43 |
| NMZ Nuveen Muni Hi Inc. Opport | Sold out | 0.00% | −0.33 |
| DMBS Doubleline Mortgage ETF | Reduce -0.8% | 4.46% | −0.24 |
| SPIB SS SPDR P Int C Corp. ETF | Reduce -1.4% | 4.23% | −0.21 |
| KTF DWS Municipal Income Trust | Sold out | 0.00% | −0.19 |
| ERIE Erie Indemnity Company Class A | Sold out | 0.00% | −0.16 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -1.2% | 2.97% | −0.15 |
| EMF Templeton Emerging Markets | Sold out | 0.00% | −0.10 |
| AVLV Avantis US Large Cap Value | Reduce -0.7% | 13.17% | −0.08 |
| VIOV Vanguard S&P Small-Cap 600 V | Reduce -0.5% | 2.56% | −0.08 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.4% | 7.36% | −0.04 |
| BBN BlackRock Taxable Muni BND | Reduce -1.9% | 0.31% | −0.03 |
| JQUA JPMorgan US Quality Factor | Reduce -2.3% | 3.32% | −0.02 |
| XMHIX Pioneer Muni High Inc. TR | Reduce -6.2% | 0.15% | −0.02 |
| XPMAX Pioneer Municipal High Inc. | Reduce -5.2% | 0.15% | −0.02 |
| MFM Aberdeen Municipal Income | Reduce -0.8% | 0.09% | −0.01 |
| GDL GDL Fund | Reduce -2.6% | 0.10% | −0.01 |
| VLT Invesco High Income Trust II | Reduce -0.8% | 0.10% | −0.00 |
| XPHTX Pioneer High Income Fund | Reduce -0.8% | 0.15% | −0.00 |
| XAGDX Abrdn GLBL DYNM Divid | Reduce -6.0% | 0.10% | −0.00 |
| GAM General American Investors | Reduce -5.3% | 0.19% | +0.00 |
| AEF Abrdn Emerging Markets Ex CH | Reduce -4.3% | 0.16% | +0.01 |
| EMLC Vaneck JPM Em Local Curr BND | Reduce -0.6% | 4.84% | +0.05 |
| MFEM PIMCO Rafi Dynamic Multi-Fac | Reduce -1.6% | 3.63% | +0.15 |
| IWF iShares Russell 1000 Growth | Reduce -2.1% | 2.01% | +0.18 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -1.4% | 7.61% | +0.36 |
Portfolio Buys Q1 2025 → Q2 2025
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +2.1% | 4.75% | +0.33 |
| NDMO Nuveen Dynamic Municipal Opp | New | 0.27% | +0.27 |
| XMYDX BlackRock Muniyield Fund | New | 0.24% | +0.24 |
| NCV Virtus Convertible & Income | New | 0.23% | +0.23 |
| MUA BlackRock Muniassets Fund | New | 0.21% | +0.21 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +23.9% | 1.46% | +0.20 |
| EFV iShares MSCI Eafe Value ETF | Add +0.4% | 5.71% | +0.19 |
| NCZ Virtus Convertible & Income | New | 0.18% | +0.18 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.18% | +0.18 |
| VEA Vanguard Ftse Developed ETF | Add +5.1% | 1.10% | +0.12 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.6% | 1.69% | +0.12 |
| BTT BlackRock 2030 Muni TRGT TRM | Add +32.0% | 0.42% | +0.10 |
| USFR Wisdomtree Floating Rate Tre | Add +13.2% | 1.08% | +0.08 |
| PML PIMCO Municipal Income FD II | Add +34.9% | 0.26% | +0.04 |
| MMD Nylim Mackay Definedterm Mun | Add +23.9% | 0.25% | +0.04 |
| BLE BlackRock Muni Inc. TR II | Add +24.9% | 0.20% | +0.03 |
| XEXGX Eaton Vance Tax-Managed Glob | Add +6.0% | 0.31% | +0.03 |
| BFK BlackRock Municipal Inc. TRST | Add +23.6% | 0.20% | +0.02 |
| MMU Western Asset Managed Munici | Add +19.6% | 0.23% | +0.02 |
| STEW SRH Total Return Fund Inc. | Add +11.7% | 0.21% | +0.02 |
| DSM BNYM Strat Muni BND | Add +20.4% | 0.17% | +0.02 |
| PMO Franklin Muncipl Opps Tst-Ui | Add +18.8% | 0.19% | +0.02 |
| LEO BNY Mellon Strategic Muni | Add +18.1% | 0.20% | +0.02 |
| MHD BlackRock Muniholdings Fund | Add +20.0% | 0.19% | +0.02 |
| XAODX Abrdn Total Dynamic Dividend | Add +4.6% | 0.29% | +0.02 |
| EVN Eaton Vance Muni Inc. TR | Add +12.4% | 0.20% | +0.01 |
| XPMQX PIMCO Muni Income Fund III | Add +17.2% | 0.17% | +0.01 |
| XGDVX Gabelli Dividend & Income TR | Add +0.4% | 0.31% | +0.01 |
| ETW Eaton Vance T/M GLBL Buy-WR | Add +4.4% | 0.23% | +0.01 |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | Add +2.7% | 0.24% | +0.01 |
| DHF BNYM High Yield Strategies | Add +7.5% | 0.16% | +0.01 |
| NBH Neuberger Municipal Fund Inc. | Add +14.9% | 0.18% | +0.01 |
| ETB Eaton Vance T/M Buy-WRT Inc. | Add +2.7% | 0.17% | +0.01 |
| XEADX Allspring Income Opport | Add +4.2% | 0.18% | +0.01 |
| NFJ Virtus DVD Intrst & PRM STR | Add +3.6% | 0.26% | +0.00 |
| DMO Western Asset Mort Def Opp | Add +5.5% | 0.16% | +0.00 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +3.5% | 0.21% | +0.00 |
| XBOEX BlackRock Enh GLBL DVD TR | Add +1.5% | 0.18% | +0.00 |
| XMVFX BlackRock Munivest Fund | Add +12.5% | 0.16% | +0.00 |
| ZTR Virtus Total Return Fund Inc. | Add +0.6% | 0.21% | +0.00 |
| XFFCX Flaherty & Crumrine Pref Inc. | Add +2.0% | 0.23% | −0.00 |
| PHK PIMCO High Income Fund | Add +6.3% | 0.32% | −0.00 |
| XIGDX Voya GLBL Eqty DVD & PRM Opp | Add +2.3% | 0.17% | −0.00 |
| DHY UBS Asset Management High Yi | Add +1.8% | 0.16% | −0.00 |
| DIAX Nuveen Dow 30 Dynamic Overwr | Add +3.3% | 0.16% | −0.00 |
| HFRO Highland Opport & Income | Add +2.7% | 0.22% | −0.00 |
| SPAB SS SPDR P Agg Bond ETF | Add +2.4% | 4.32% | −0.08 |
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 |