Integrated Capital Management, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 8, 2025), Integrated Capital Management, Inc. reported 59 stock positions worth $143.5 million. Its top holding was Avantis US Large Cap Value (AVLV) at 13.1% of the portfolio, followed by iShares MSCI Eafe Value ETF (EFV, 12.9%) and Invesco Optimum Yield Divers (PDBC, 6.9%). Compared with Q2 2025, it opened 3 new positions, sold out of 15, added to 29 and reduced 25. The biggest buy was iShares MSCI Eafe Value ETF (EFV, shares +131%) and the biggest sale an exit from Vanguard S&P Small-Cap 600 V (VIOV).
- Most Recent 13F
- Q2 2026
- Location
- JESSUP, PA
- CIK
- 0001608826
- Portfolio Value
- $143.5M (Q3 2025)
- SEC Filing
- 0001085146-25-005833 ↗ filed Oct 8, 2025
Holdings Value
Holdings 59 stocks · $143.5M
| AVLV Avantis US Large Cap Value | 13.06% | 259,365 | $18.7M | Add +2.2% |
| EFV iShares MSCI Eafe Value ETF | 12.91% | 272,991 | $18.5M | Add +130.8% |
| PDBC Invesco Optimum Yield Divers | 6.92% | 738,745 | $9.9M | Add +3.9% |
| VIG Vanguard Dividend Apprec ETF | 6.56% | 43,591 | $9.4M | Reduce -7.8% |
| SPDW Ste STR SPDR PT DW Eu ETF | 6.03% | 202,143 | $8.6M | Reduce -18.2% |
| SPTS SS SPDR P St Term TSY ETF | 5.02% | 245,428 | $7.2M | Reduce -10.7% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 4.75% | 84,474 | $6.8M | Add +1.4% |
| SPTI SS SPDR P Int Term TSY ETF | 4.71% | 233,716 | $6.8M | Add +72.6% |
| EMLC Vaneck JPM Em Local Curr BND | 4.59% | 257,915 | $6.6M | Add +2.8% |
| SPAB SS SPDR P Agg Bond ETF | 4.44% | 246,189 | $6.4M | Add +11.1% |
| DMBS Doubleline Mortgage ETF | 4.11% | 118,736 | $5.9M | Reduce -0.5% |
| MFEM PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER | 3.73% | 237,813 | $5.4M | Add +5.5% |
| JQUA JPMorgan US Quality Factor | 3.12% | 71,140 | $4.5M | Reduce -2.2% |
| DFSV Dimensional US Small Cap Val | 2.59% | 116,747 | $3.7M | New |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 1.96% | 104,434 | $2.8M | Add +44.4% |
| SPIB SS SPDR P Int C Corp. ETF | 1.92% | 81,251 | $2.8M | Reduce -50.9% |
| IWF iShares Russell 1000 Growth | 1.77% | 5,420 | $2.5M | Reduce -12.9% |
| TFI SS SPDR N Ice Muni Bond ETF | 1.35% | 42,346 | $1.9M | New |
| USFR Wisdomtree Floating Rate Tre | 0.99% | 28,279 | $1.4M | Add +0.1% |
| VEA Vanguard Ftse Developed ETF | 0.76% | 18,170 | $1.1M | Reduce -28.3% |
| FREL Fidelity MSCI RL Est Indx | 0.62% | 31,919 | $888K | New |
| SPYV SS SPDR P S&P 500 Value ETF | 0.61% | 15,860 | $878K | Add +197.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.36% | 1,583 | $520K | Reduce -78.4% |
| BTT BlackRock 2030 Muni TRGT TRM | 0.34% | 21,971 | $493K | Reduce -13.2% |
| MSFT Microsoft Corp. | 0.32% | 900 | $466K | No change |
| PML PIMCO Municipal Income FD II | 0.32% | 57,507 | $455K | Add +24.1% |
| XEXGX Eaton Vance Tax-Managed Glob | 0.30% | 47,930 | $436K | Add +3.8% |
| PHK PIMCO High Income Fund | 0.29% | 83,810 | $418K | Reduce -3.2% |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 0.26% | 25,460 | $368K | Add +10.4% |
| BBN BlackRock Taxable Muni BND | 0.25% | 21,488 | $357K | Reduce -14.8% |
| STEW SRH Total Return Fund Inc. | 0.25% | 19,572 | $355K | Add +23.2% |
| ETW Eaton Vance T/M GLBL Buy-WR | 0.23% | 36,181 | $327K | Add +2.2% |
| XFFCX Flaherty & Crumrine Pref Inc. | 0.23% | 19,178 | $324K | Add +3.2% |
| MMU Western Asset Managed Munici | 0.22% | 30,110 | $311K | Add +0.0% |
| XMYDX BlackRock Muniyield Fund | 0.20% | 27,558 | $291K | Reduce -11.8% |
| BLE BlackRock Muni Inc. TR II | 0.20% | 26,824 | $280K | Add +4.0% |
| BFK BlackRock Municipal Inc. TRST | 0.19% | 27,575 | $277K | Add +2.8% |
| LEO BNY Mellon Strategic Muni | 0.19% | 43,869 | $274K | Add +1.3% |
| MHD BlackRock Muniholdings Fund | 0.19% | 22,952 | $270K | Add +3.0% |
| HFRO Highland Opport & Income | 0.18% | 40,939 | $260K | Reduce -25.4% |
| DHF BNYM High Yield Strategies filed as BNY MELLON HIGH YIELD STRATE | 0.18% | 100,129 | $259K | Add +24.3% |
| ZTR Virtus Total Return Fund Inc. | 0.18% | 39,793 | $257K | Reduce -12.1% |
| MMD Nylim Mackay Definedterm Mun filed as NYLI MACKAY DEFINEDTERM MUNI | 0.18% | 16,957 | $257K | Reduce -24.5% |
| NCV Virtus Convertible & Income | 0.18% | 17,012 | $255K | Reduce -19.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.18% | 425 | $255K | No change |
| ETB Eaton Vance T/M Buy-WRT Inc. | 0.18% | 17,009 | $255K | Add +12.8% |
| DHY UBS Asset Management High Yi filed as CREDIT SUISSE HIGH YIELD CRE | 0.18% | 123,498 | $254K | Add +27.4% |
| NBH Neuberger Municipal Fund Inc. | 0.18% | 24,562 | $253K | Reduce -0.7% |
| DIAX Nuveen Dow 30 Dynamic Overwr | 0.17% | 16,572 | $247K | Add +14.1% |
| PMO Franklin Muncipl Opps Tst-Ui | 0.17% | 23,151 | $239K | Reduce -7.5% |
| XMVFX BlackRock Munivest Fund | 0.16% | 34,255 | $235K | Add +5.2% |
| DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD | 0.16% | 39,303 | $233K | Reduce -1.9% |
| XBOEX BlackRock Enh GLBL DVD TR | 0.16% | 19,495 | $226K | Reduce -7.9% |
| AEF Abrdn Emerging Markets Ex CH | 0.15% | 33,895 | $220K | Reduce -5.5% |
| NCZ Virtus Convertible & Income | 0.15% | 16,049 | $220K | Reduce -12.8% |
| DMO Western Asset Mort Def Opp | 0.14% | 17,001 | $199K | Reduce -1.4% |
| VLT Invesco High Income Trust II | 0.10% | 12,214 | $137K | Reduce -0.5% |
| GDL GDL Fund | 0.09% | 15,788 | $135K | Add +1.2% |
| MFM Aberdeen Municipal Income | 0.09% | 24,972 | $135K | Add +4.3% |
Portfolio Sells Q2 2025 → Q3 2025
| VIOV Vanguard S&P Small-Cap 600 V | Sold out | 0.00% | −2.56 |
| SPIB SS SPDR P Int C Corp. ETF | Reduce -50.9% | 1.92% | −2.31 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -18.2% | 6.03% | −1.59 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -78.4% | 0.36% | −1.33 |
| SPTS SS SPDR P St Term TSY ETF | Reduce -10.7% | 5.02% | −1.11 |
| VIG Vanguard Dividend Apprec ETF | Reduce -7.8% | 6.56% | −0.80 |
| DMBS Doubleline Mortgage ETF | Reduce -0.5% | 4.11% | −0.34 |
| VEA Vanguard Ftse Developed ETF | Reduce -28.3% | 0.76% | −0.34 |
| XGDVX Gabelli Dividend & Income TR | Sold out | 0.00% | −0.31 |
| XAODX Abrdn Total Dynamic Dividend | Sold out | 0.00% | −0.29 |
| NDMO Nuveen Dynamic Municipal Opp | Sold out | 0.00% | −0.27 |
| NFJ Virtus DVD Intrst & PRM STR | Sold out | 0.00% | −0.26 |
| IWF iShares Russell 1000 Growth | Reduce -12.9% | 1.77% | −0.24 |
| MUA BlackRock Muniassets Fund | Sold out | 0.00% | −0.21 |
| JQUA JPMorgan US Quality Factor | Reduce -2.2% | 3.12% | −0.20 |
| EVN Eaton Vance Muni Inc. TR | Sold out | 0.00% | −0.20 |
| GAM General American Investors | Sold out | 0.00% | −0.19 |
| XEADX Allspring Income Opport | Sold out | 0.00% | −0.18 |
| XPMQX PIMCO Muni Income Fund III | Sold out | 0.00% | −0.17 |
| XIGDX Voya GLBL Eqty DVD & PRM Opp | Sold out | 0.00% | −0.17 |
| XPMAX Pioneer Municipal High Inc. | Sold out | 0.00% | −0.15 |
| XMHIX Pioneer Muni High Inc. TR | Sold out | 0.00% | −0.15 |
| XPHTX Pioneer High Income Fund | Sold out | 0.00% | −0.15 |
| XAGDX Abrdn GLBL DYNM Divid | Sold out | 0.00% | −0.10 |
| BTT BlackRock 2030 Muni TRGT TRM | Reduce -13.2% | 0.34% | −0.08 |
| MMD Nylim Mackay Definedterm Mun | Reduce -24.5% | 0.18% | −0.07 |
| BBN BlackRock Taxable Muni BND | Reduce -14.8% | 0.25% | −0.06 |
| NCV Virtus Convertible & Income | Reduce -19.6% | 0.18% | −0.05 |
| XMYDX BlackRock Muniyield Fund | Reduce -11.8% | 0.20% | −0.04 |
| HFRO Highland Opport & Income | Reduce -25.4% | 0.18% | −0.04 |
| ZTR Virtus Total Return Fund Inc. | Reduce -12.1% | 0.18% | −0.04 |
| NCZ Virtus Convertible & Income | Reduce -12.8% | 0.15% | −0.03 |
| XBOEX BlackRock Enh GLBL DVD TR | Reduce -7.9% | 0.16% | −0.03 |
| PHK PIMCO High Income Fund | Reduce -3.2% | 0.29% | −0.02 |
| PMO Franklin Muncipl Opps Tst-Ui | Reduce -7.5% | 0.17% | −0.02 |
| DMO Western Asset Mort Def Opp | Reduce -1.4% | 0.14% | −0.02 |
| AEF Abrdn Emerging Markets Ex CH | Reduce -5.5% | 0.15% | −0.01 |
| DSM BNYM Strat Muni BND | Reduce -1.9% | 0.16% | −0.01 |
| NBH Neuberger Municipal Fund Inc. | Reduce -0.7% | 0.18% | −0.01 |
| VLT Invesco High Income Trust II | Reduce -0.5% | 0.10% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| EFV iShares MSCI Eafe Value ETF | Add +130.8% | 12.91% | +7.19 |
| DFSV Dimensional US Small Cap Val | New | 2.59% | +2.59 |
| SPTI SS SPDR P Int Term TSY ETF | Add +72.6% | 4.71% | +1.74 |
| TFI SS SPDR N Ice Muni Bond ETF | New | 1.35% | +1.35 |
| FREL Fidelity MSCI RL Est Indx | New | 0.62% | +0.62 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +44.4% | 1.96% | +0.50 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +197.3% | 0.61% | +0.40 |
| SPAB SS SPDR P Agg Bond ETF | Add +11.1% | 4.44% | +0.12 |
| MFEM PIMCO Rafi Dynamic Multi-Fac | Add +5.5% | 3.73% | +0.10 |
| PML PIMCO Municipal Income FD II | Add +24.1% | 0.32% | +0.05 |
| STEW SRH Total Return Fund Inc. | Add +23.2% | 0.25% | +0.03 |
| DHF BNYM High Yield Strategies | Add +24.3% | 0.18% | +0.02 |
| DHY UBS Asset Management High Yi | Add +27.4% | 0.18% | +0.02 |
| DIAX Nuveen Dow 30 Dynamic Overwr | Add +14.1% | 0.17% | +0.01 |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | Add +10.4% | 0.26% | +0.01 |
| ETB Eaton Vance T/M Buy-WRT Inc. | Add +12.8% | 0.18% | +0.01 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +1.4% | 4.75% | +0.00 |
| XMVFX BlackRock Munivest Fund | Add +5.2% | 0.16% | +0.00 |
| MFM Aberdeen Municipal Income | Add +4.3% | 0.09% | −0.00 |
| BLE BlackRock Muni Inc. TR II | Add +4.0% | 0.20% | −0.00 |
| MHD BlackRock Muniholdings Fund | Add +3.0% | 0.19% | −0.00 |
| BFK BlackRock Municipal Inc. TRST | Add +2.8% | 0.19% | −0.00 |
| XEXGX Eaton Vance Tax-Managed Glob | Add +3.8% | 0.30% | −0.00 |
| LEO BNY Mellon Strategic Muni | Add +1.3% | 0.19% | −0.00 |
| XFFCX Flaherty & Crumrine Pref Inc. | Add +3.2% | 0.23% | −0.00 |
| ETW Eaton Vance T/M GLBL Buy-WR | Add +2.2% | 0.23% | −0.00 |
| GDL GDL Fund | Add +1.2% | 0.09% | −0.00 |
| MMU Western Asset Managed Munici | Add +0.0% | 0.22% | −0.01 |
| USFR Wisdomtree Floating Rate Tre | Add +0.1% | 0.99% | −0.09 |
| AVLV Avantis US Large Cap Value | Add +2.2% | 13.06% | −0.11 |
| PDBC Invesco Optimum Yield Divers | Add +3.9% | 6.92% | −0.14 |
| EMLC Vaneck JPM Em Local Curr BND | Add +2.8% | 4.59% | −0.26 |
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 |