Integrated Capital Management, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 8, 2026), Integrated Capital Management, Inc. reported 60 stock positions worth $150.4 million. Its top holding was iShares MSCI Eafe Value ETF (EFV) at 13.4% of the portfolio, followed by Avantis US Large Cap Value (AVLV, 13.1%) and Invesco Optimum Yield Divers (PDBC, 6.8%). Compared with Q3 2025, it opened 3 new positions, sold out of 2, added to 42 and reduced 14. The biggest buy was a new position in SS SPDR P Treasury ETF (SPTB) and the biggest sale an exit from SS SPDR P Agg Bond ETF (SPAB).
- Most Recent 13F
- Q2 2026
- Location
- JESSUP, PA
- CIK
- 0001608826
- Portfolio Value
- $150.4M (Q4 2025)
- SEC Filing
- 0001608826-26-000001 ↗ filed Jan 8, 2026
Holdings Value
Holdings 60 stocks · $150.4M
| EFV iShares MSCI Eafe Value ETF | 13.40% | 282,299 | $20.2M | Add +3.4% |
| AVLV Avantis US Large Cap Value | 13.08% | 259,744 | $19.7M | Add +0.1% |
| PDBC Invesco Optimum Yield Divers | 6.79% | 771,004 | $10.2M | Add +4.4% |
| VIG Vanguard Dividend Apprec ETF | 6.33% | 43,297 | $9.5M | Reduce -0.7% |
| SPDW Ste STR SPDR PT DW Eu ETF | 6.27% | 212,533 | $9.4M | Add +5.1% |
| SPTS SS SPDR P St Term TSY ETF | 5.01% | 257,412 | $7.5M | Add +4.9% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 4.82% | 87,954 | $7.3M | Add +4.1% |
| EMLC Vaneck JPM Em Local Curr BND | 4.68% | 272,547 | $7.0M | Add +5.7% |
| SPTI SS SPDR P Int Term TSY ETF | 4.61% | 240,469 | $6.9M | Add +2.9% |
| SPTB SS SPDR P Treasury ETF | 4.45% | 219,883 | $6.7M | New |
| DMBS Doubleline Mortgage ETF | 4.05% | 122,657 | $6.1M | Add +3.3% |
| MFEM PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER | 3.70% | 240,956 | $5.6M | Add +1.3% |
| JQUA JPMorgan US Quality Factor | 2.99% | 71,266 | $4.5M | Add +0.2% |
| DFSV Dimensional US Small Cap Val | 2.55% | 116,842 | $3.8M | Add +0.1% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 1.93% | 109,510 | $2.9M | Add +4.9% |
| SPIB SS SPDR P Int C Corp. ETF | 1.88% | 83,478 | $2.8M | Add +2.7% |
| IWF iShares Russell 1000 Growth | 1.70% | 5,397 | $2.6M | Reduce -0.4% |
| TFI SS SPDR N Ice Muni Bond ETF | 1.34% | 43,966 | $2.0M | Add +3.8% |
| USFR Wisdomtree Floating Rate Tre | 1.03% | 30,911 | $1.6M | Add +9.3% |
| VEA Vanguard Ftse Developed ETF | 0.78% | 18,863 | $1.2M | Add +3.8% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.63% | 16,581 | $942K | Add +4.5% |
| FREL Fidelity MSCI RL Est Indx | 0.58% | 32,487 | $874K | Add +1.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.36% | 1,633 | $548K | Add +3.2% |
| PML PIMCO Municipal Income FD II | 0.33% | 64,977 | $490K | Add +13.0% |
| BTT BlackRock 2030 Muni TRGT TRM | 0.32% | 21,377 | $488K | Reduce -2.7% |
| MSFT Microsoft Corp. | 0.29% | 900 | $435K | No change |
| ETW Eaton Vance T/M GLBL Buy-WR | 0.28% | 46,097 | $425K | Add +27.4% |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 0.27% | 27,738 | $408K | Add +8.9% |
| PHK PIMCO High Income Fund | 0.27% | 82,802 | $402K | Reduce -1.2% |
| STEW SRH Total Return Fund Inc. | 0.25% | 20,650 | $383K | Add +5.5% |
| BBN BlackRock Taxable Muni BND | 0.23% | 21,141 | $345K | Reduce -1.6% |
| MMU Western Asset Managed Munici | 0.22% | 31,736 | $331K | Add +5.4% |
| XFFCX Flaherty & Crumrine Pref Inc. | 0.21% | 18,723 | $309K | Reduce -2.4% |
| XMYDX BlackRock Muniyield Fund | 0.20% | 28,669 | $301K | Add +4.0% |
| XBOEX BlackRock Enh GLBL DVD TR | 0.19% | 24,829 | $291K | Add +27.4% |
| LEO BNY Mellon Strategic Muni | 0.19% | 45,145 | $287K | Add +2.9% |
| BLE BlackRock Muni Inc. TR II | 0.19% | 27,040 | $282K | Add +0.8% |
| BFK BlackRock Municipal Inc. TRST | 0.19% | 28,119 | $282K | Add +2.0% |
| DIAX Nuveen Dow 30 Dynamic Overwr | 0.18% | 18,177 | $277K | Add +9.7% |
| BRW Saba Capital Income & Opport | 0.18% | 39,528 | $277K | New |
| MHD BlackRock Muniholdings Fund | 0.18% | 23,596 | $277K | Add +2.8% |
| ZTR Virtus Total Return Fund Inc. | 0.18% | 43,477 | $274K | Add +9.3% |
| ETB Eaton Vance T/M Buy-WRT Inc. | 0.18% | 17,471 | $267K | Add +2.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.17% | 426 | $262K | Add +0.2% |
| NCV Virtus Convertible & Income | 0.17% | 17,132 | $260K | Add +0.7% |
| MMD Nylim Mackay Definedterm Mun filed as NYLI MACKAY DEFINEDTERM MUNI | 0.17% | 17,213 | $256K | Add +1.5% |
| NBH Neuberger Municipal Fund Inc. | 0.17% | 24,752 | $250K | Add +0.8% |
| DHY UBS Asset Management High Yi filed as CREDIT SUISSE HIGH YIELD CRE | 0.17% | 124,404 | $249K | Add +0.7% |
| DHF BNYM High Yield Strategies filed as BNY MELLON HIGH YIELD STRATE | 0.16% | 99,238 | $246K | Reduce -0.9% |
| PMO Franklin Muncipl Opps Tst-Ui | 0.16% | 22,908 | $245K | Reduce -1.1% |
| XMVFX BlackRock Munivest Fund | 0.16% | 35,279 | $244K | Add +3.0% |
| DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD | 0.16% | 38,573 | $238K | Reduce -1.9% |
| AEF Abrdn Emerging Markets Ex CH | 0.16% | 33,754 | $236K | Reduce -0.4% |
| HFRO Highland Opport & Income | 0.16% | 39,358 | $235K | Reduce -3.9% |
| NCZ Virtus Convertible & Income | 0.15% | 16,126 | $222K | Add +0.5% |
| CEFZ Rivernorth Active Income ETF | 0.13% | 24,182 | $198K | New |
| DMO Western Asset Mort Def Opp | 0.13% | 17,674 | $195K | Add +4.0% |
| VLT Invesco High Income Trust II | 0.09% | 12,012 | $134K | Reduce -1.6% |
| MFM Aberdeen Municipal Income | 0.09% | 24,148 | $131K | Reduce -3.3% |
| GDL GDL Fund | 0.09% | 15,447 | $131K | Reduce -2.2% |
Portfolio Sells Q3 2025 → Q4 2025
| SPAB SS SPDR P Agg Bond ETF | Sold out | 0.00% | −4.44 |
| XEXGX Eaton Vance Tax-Managed Glob | Sold out | 0.00% | −0.30 |
| VIG Vanguard Dividend Apprec ETF | Reduce -0.7% | 6.33% | −0.23 |
| IWF iShares Russell 1000 Growth | Reduce -0.4% | 1.70% | −0.07 |
| HFRO Highland Opport & Income | Reduce -3.9% | 0.16% | −0.02 |
| PHK PIMCO High Income Fund | Reduce -1.2% | 0.27% | −0.02 |
| XFFCX Flaherty & Crumrine Pref Inc. | Reduce -2.4% | 0.21% | −0.02 |
| BTT BlackRock 2030 Muni TRGT TRM | Reduce -2.7% | 0.32% | −0.02 |
| BBN BlackRock Taxable Muni BND | Reduce -1.6% | 0.23% | −0.02 |
| DHF BNYM High Yield Strategies | Reduce -0.9% | 0.16% | −0.02 |
| GDL GDL Fund | Reduce -2.2% | 0.09% | −0.01 |
| MFM Aberdeen Municipal Income | Reduce -3.3% | 0.09% | −0.01 |
| VLT Invesco High Income Trust II | Reduce -1.6% | 0.09% | −0.01 |
| DSM BNYM Strat Muni BND | Reduce -1.9% | 0.16% | −0.00 |
| PMO Franklin Muncipl Opps Tst-Ui | Reduce -1.1% | 0.16% | −0.00 |
| AEF Abrdn Emerging Markets Ex CH | Reduce -0.4% | 0.16% | +0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| SPTB SS SPDR P Treasury ETF | New | 4.45% | +4.45 |
| EFV iShares MSCI Eafe Value ETF | Add +3.4% | 13.40% | +0.49 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +5.1% | 6.27% | +0.25 |
| BRW Saba Capital Income & Opport | New | 0.18% | +0.18 |
| CEFZ Rivernorth Active Income ETF | New | 0.13% | +0.13 |
| EMLC Vaneck JPM Em Local Curr BND | Add +5.7% | 4.68% | +0.09 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +4.1% | 4.82% | +0.07 |
| ETW Eaton Vance T/M GLBL Buy-WR | Add +27.4% | 0.28% | +0.05 |
| USFR Wisdomtree Floating Rate Tre | Add +9.3% | 1.03% | +0.04 |
| XBOEX BlackRock Enh GLBL DVD TR | Add +27.4% | 0.19% | +0.04 |
| VEA Vanguard Ftse Developed ETF | Add +3.8% | 0.78% | +0.02 |
| AVLV Avantis US Large Cap Value | Add +0.1% | 13.08% | +0.02 |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | Add +8.9% | 0.27% | +0.01 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +4.5% | 0.63% | +0.01 |
| DIAX Nuveen Dow 30 Dynamic Overwr | Add +9.7% | 0.18% | +0.01 |
| PML PIMCO Municipal Income FD II | Add +13.0% | 0.33% | +0.01 |
| STEW SRH Total Return Fund Inc. | Add +5.5% | 0.25% | +0.01 |
| ZTR Virtus Total Return Fund Inc. | Add +9.3% | 0.18% | +0.00 |
| MMU Western Asset Managed Munici | Add +5.4% | 0.22% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +3.2% | 0.36% | +0.00 |
| LEO BNY Mellon Strategic Muni | Add +2.9% | 0.19% | −0.00 |
| ETB Eaton Vance T/M Buy-WRT Inc. | Add +2.7% | 0.18% | −0.00 |
| XMVFX BlackRock Munivest Fund | Add +3.0% | 0.16% | −0.00 |
| XMYDX BlackRock Muniyield Fund | Add +4.0% | 0.20% | −0.00 |
| MHD BlackRock Muniholdings Fund | Add +2.8% | 0.18% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.2% | 0.17% | −0.00 |
| NCZ Virtus Convertible & Income | Add +0.5% | 0.15% | −0.01 |
| NCV Virtus Convertible & Income | Add +0.7% | 0.17% | −0.01 |
| SPTS SS SPDR P St Term TSY ETF | Add +4.9% | 5.01% | −0.01 |
| BFK BlackRock Municipal Inc. TRST | Add +2.0% | 0.19% | −0.01 |
| BLE BlackRock Muni Inc. TR II | Add +0.8% | 0.19% | −0.01 |
| MMD Nylim Mackay Definedterm Mun | Add +1.5% | 0.17% | −0.01 |
| DMO Western Asset Mort Def Opp | Add +4.0% | 0.13% | −0.01 |
| TFI SS SPDR N Ice Muni Bond ETF | Add +3.8% | 1.34% | −0.01 |
| NBH Neuberger Municipal Fund Inc. | Add +0.8% | 0.17% | −0.01 |
| DHY UBS Asset Management High Yi | Add +0.7% | 0.17% | −0.01 |
| MFEM PIMCO Rafi Dynamic Multi-Fac | Add +1.3% | 3.70% | −0.03 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +4.9% | 1.93% | −0.03 |
| DFSV Dimensional US Small Cap Val | Add +0.1% | 2.55% | −0.04 |
| FREL Fidelity MSCI RL Est Indx | Add +1.8% | 0.58% | −0.04 |
| SPIB SS SPDR P Int C Corp. ETF | Add +2.7% | 1.88% | −0.04 |
| DMBS Doubleline Mortgage ETF | Add +3.3% | 4.05% | −0.06 |
| SPTI SS SPDR P Int Term TSY ETF | Add +2.9% | 4.61% | −0.10 |
| PDBC Invesco Optimum Yield Divers | Add +4.4% | 6.79% | −0.12 |
| JQUA JPMorgan US Quality Factor | Add +0.2% | 2.99% | −0.13 |
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 |