Jacobsen Capital Management

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 25, 2025), Jacobsen Capital Management reported 100 stock positions worth $230.2 million. Its top holding was Vanguard Ftse Developed ETF (VEA) at 21.1% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 16.2%) and Vanguard Mrngstr Val ETF-Aui (VTV, 13.7%). Compared with Q4 2024, it opened 9 new positions, sold out of 4, added to 69 and reduced 19. The biggest buy was Vanguard Mrngstr Val ETF-Aui (VTV, shares +1%) and the biggest sale Van Morst SML-Cap Gro-Usd (VBK, shares −1%).

Most Recent 13F
Q2 2026
Location
SALT LAKE CITY, UT
CIK
0001782491
Portfolio Value
$230.2M (Q1 2025)
SEC Filing
0001782491-25-000002 ↗ filed Apr 25, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $215.6M Q1 2024 Q2 2024: $223.8M Q2 2024 Q3 2024: $237.6M Q3 2024 Q4 2024: $234.9M Q4 2024 Q1 2025: $230.2M $230.2M Q1 2025 Q2 2025: $271.6M Q2 2025 Q3 2025: $295.1M Q3 2025 Q4 2025: $306.1M Q4 2025 Q1 2026: $296.1M Q1 2026 Q2 2026: $341.9M Q2 2026

Holdings 100 stocks · $230.2M
VEA Vanguard Ftse Developed ETF 21.06% 953,489 $48.5M Reduce -3.6%
VUG Vanguard Mrngstar GR ETF-Sui 16.16% 100,286 $37.2M Add +0.1%
VTV Vanguard Mrngstr Val ETF-Aui 13.70% 182,549 $31.5M Add +0.7%
VBR Vngrd Mrngst SL-CP Val ETF-U 5.50% 67,987 $12.7M Reduce -0.6%
VBK Van Morst SML-Cap Gro-Usd Inc. 4.01% 36,656 $9.2M Reduce -0.7%
SCHF Schwab Intl Equity ETF 3.41% 396,299 $7.8M Reduce -0.5%
AAPL Apple Inc. 3.03% 31,397 $7.0M Add +1.3%
EXR Extra Space Storage Inc. 2.49% 38,640 $5.7M Reduce -0.5%
MSFT Microsoft Corp. 2.24% 13,739 $5.2M Add +1.1%
NVDA Nvidia Corp. 2.11% 44,833 $4.9M Add +3.4%
BIV Vanguard Intermediate-Term B 2.03% 61,093 $4.7M Add +11.3%
VB Vanguard Most SM-Cap ETF-Usd 1.76% 18,292 $4.1M Add +9.7%
AMZN Amazon.com Inc. 1.32% 15,974 $3.0M Add +2.0%
GOOGL Alphabet Inc. Class A 1.25% 18,646 $2.9M Reduce -3.8%
BSV Vanguard Short-Term Bond ETF 1.17% 34,507 $2.7M Reduce -7.0%
META Meta Platforms Inc. Class A 0.95% 3,790 $2.2M Add +5.5%
V Visa Inc. Class A 0.76% 4,982 $1.7M Add +3.1%
BRK.B Berkshire Hathaway Inc. Class B 0.71% 3,081 $1.6M Add +4.9%
AVGO Broadcom Inc. 0.61% 8,322 $1.4M Add +2.4%
JPM JPMorgan Chase & Co. 0.53% 4,947 $1.2M Add +3.4%
TSLA Tesla Inc. 0.49% 4,369 $1.1M Reduce -6.7%
LLY Eli Lilly & Co. 0.48% 1,349 $1.1M Add +5.1%
MA Mastercard Inc. Class A 0.48% 2,019 $1.1M Add +2.3%
SCHX Schwab US Large-Cap ETF 0.40% 41,491 $916K Add +0.7%
GOOG Alphabet Inc. Class C 0.40% 5,854 $915K Add +3.8%
HD Home Depot Inc. 0.37% 2,349 $861K Add +0.9%
GLD SPDR Gold Shares 0.36% 2,898 $835K No change
SPGI S&P Global Inc. 0.36% 1,643 $835K Add +1.2%
TMO Thermo Fisher Scientific Inc. 0.35% 1,627 $810K Add +0.9%
PG The Procter & Gamble Co. 0.35% 4,699 $801K Add +1.6%
BKNG Booking Holdings Inc. 0.33% 164 $756K Reduce -7.9%
UNH Unitedhealth Group Inc. 0.33% 1,440 $754K Reduce -6.3%
WMT Walmart Inc. 0.32% 8,456 $742K Add +0.8%
ABBV Abbvie Inc. 0.30% 3,305 $693K Add +1.6%
XOM Exxon Mobil Corp. 0.30% 5,812 $691K Add +4.5%
COST Costco Wholesale Corp. 0.30% 728 $689K Add +8.0%
IWF iShares Russell 1000 Growth 0.30% 1,886 $681K No change
NFLX Netflix Inc. 0.28% 687 $641K Add +2.2%
SHW The Sherwin-Williams Co. 0.27% 1,758 $614K Reduce -0.8%
NEM Newmont Corp. 0.26% 12,351 $596K Add +6.3%
APH Amphenol Corp. Class A 0.26% 9,073 $595K Reduce -0.4%
JNJ Johnson & Johnson 0.23% 3,170 $526K Add +9.4%
KO The Coca-Cola Co. 0.22% 7,184 $515K Add +18.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.21% 4,004 $488K Add +1.2%
RTX RTX Corp. 0.20% 3,537 $469K Add +1.6%
SIVR Abrdn Physical Silver Shares 0.20% 14,244 $463K No change
CRM Salesforce Inc. 0.20% 1,698 $456K Add +3.2%
T AT&T Inc. 0.18% 14,412 $408K Add +1.6%
ABT Abbott Laboratories 0.18% 3,069 $407K Add +6.5%
GE General Electric filed as GE AEROSPACE 0.18% 2,013 $403K Add +3.4%
WFC Wells Fargo & Co. 0.17% 5,504 $395K Add +1.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.17% 9,402 $392K Add +4.1%
CSCO Cisco Systems Inc. 0.17% 6,201 $383K Add +14.3%
ORCL Oracle Corp. 0.16% 2,708 $379K Add +10.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.16% 1,519 $378K Add +12.9%
ADBE Adobe Inc. 0.16% 982 $377K Add +5.5%
FISV Fiserv Inc. 0.16% 1,694 $374K Add +2.7%
LIN Linde PLC 0.16% 791 $368K Add +2.9%
PM Philip Morris International 0.16% 2,316 $368K Add +7.5%
WMB Williams Cos Inc. 0.15% 5,877 $351K Add +0.3%
VZ Verizon Communications Inc. 0.15% 7,553 $343K Add +2.5%
INTU Intuit Inc. 0.15% 550 $338K Add +6.8%
MCD McDonald's Corp. 0.15% 1,078 $337K Add +11.0%
AMD Advanced Micro Devices 0.14% 3,098 $318K Reduce -6.0%
CVX Chevron Corp. 0.14% 1,881 $315K Add +18.4%
PLTR Palantir Technologies Inc. Class A 0.14% 3,701 $312K New
QCOM Qualcomm Inc. 0.13% 1,984 $305K Add +5.3%
ZTS Zoetis Inc. 0.13% 1,817 $299K Reduce -1.9%
ACN Accenture PLC Class A 0.13% 946 $295K Add +0.8%
UNP Union Pacific Corp. 0.13% 1,244 $294K Add +1.6%
BSX Boston Scientific Corp. 0.13% 2,876 $290K Add +2.0%
ISRG Intuitive Surgical Inc. 0.12% 578 $286K Add +0.9%
MRK Merck & Co. Inc. 0.12% 3,129 $281K Reduce -12.9%
NEE Nextera Energy Inc. 0.12% 3,943 $280K Reduce -3.8%
ADP Automatic Data Processing 0.12% 874 $267K Add +0.8%
AMGN Amgen Inc. 0.12% 852 $265K Add +7.3%
NOW ServiceNow Inc. 0.11% 332 $264K Add +2.1%
TXN Texas Instruments Inc. 0.11% 1,470 $264K Add +13.9%
PGR Progressive Corp. 0.11% 933 $264K Add +7.0%
MS Morgan Stanley 0.11% 2,212 $258K Add +4.2%
O Realty Income Corp. 0.11% 4,322 $251K Add +6.7%
BR Broadridge Financial Solutio 0.11% 1,019 $247K Reduce -0.6%
PFE Pfizer Inc. 0.11% 9,715 $246K Add +11.9%
UBER Uber Technologies Inc. 0.10% 3,306 $241K New
TMUS T-Mobile US Inc. 0.10% 859 $229K New
PANW Palo Alto Networks Inc. 0.10% 1,341 $229K Add +2.2%
AXP American Express Co. 0.10% 850 $229K Add +2.8%
SO The Southern Co. 0.10% 2,468 $227K Add +0.5%
CB Chubb Ltd. 0.10% 734 $222K New
PEP Pepsico Inc. 0.10% 1,474 $221K New
HON Honeywell International Inc. 0.09% 1,030 $218K Add +2.0%
LOW Lowe's Cos Inc. 0.09% 926 $216K Add +1.0%
COP Conocophillips 0.09% 2,045 $215K Reduce -8.3%
SYK Stryker Corp. 0.09% 562 $209K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.09% 2,101 $207K Add +3.3%
ETN Eaton Corp. PLC 0.09% 757 $206K Add +8.3%
CMCSA Comcast Corp. Class A 0.09% 5,543 $205K Reduce -21.4%
MU Micron Technology Inc. 0.09% 2,348 $204K New
MRSH Marsh & McLennan Cos 0.09% 836 $204K New
PH Parker Hannifin Corp. 0.09% 333 $202K New

Portfolio Sells Q4 2024 → Q1 2025
VBK Van Morst SML-Cap Gro-Usd Inc. Reduce -0.7% 4.01% −0.39
TSLA Tesla Inc. Reduce -6.7% 0.49% −0.31
GOOGL Alphabet Inc. Class A Reduce -3.8% 1.25% −0.31
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -0.6% 5.50% −0.27
ANET Arista Networks Inc. Sold out 0.00% −0.09
AMAT Applied Materials Inc. Sold out 0.00% −0.09
ADSK Autodesk Inc. Sold out 0.00% −0.09
CAT Caterpillar Inc. Sold out 0.00% −0.09
BKNG Booking Holdings Inc. Reduce -7.9% 0.33% −0.05
BSV Vanguard Short-Term Bond ETF Reduce -7.0% 1.17% −0.05
AMD Advanced Micro Devices Reduce -6.0% 0.14% −0.03
MRK Merck & Co. Inc. Reduce -12.9% 0.12% −0.03
CMCSA Comcast Corp. Class A Reduce -21.4% 0.09% −0.02
APH Amphenol Corp. Class A Reduce -0.4% 0.26% −0.01
NEE Nextera Energy Inc. Reduce -3.8% 0.12% −0.00
UNH Unitedhealth Group Inc. Reduce -6.3% 0.33% −0.00
COP Conocophillips Reduce -8.3% 0.09% −0.00
ZTS Zoetis Inc. Reduce -1.9% 0.13% +0.00
BR Broadridge Financial Solutio Reduce -0.6% 0.11% +0.01
SHW The Sherwin-Williams Co. Reduce -0.8% 0.27% +0.01
EXR Extra Space Storage Inc. Reduce -0.5% 2.49% +0.02
SCHF Schwab Intl Equity ETF Reduce -0.5% 3.41% +0.27
VEA Vanguard Ftse Developed ETF Reduce -3.6% 21.06% +0.92

Portfolio Buys Q4 2024 → Q1 2025
VTV Vanguard Mrngstr Val ETF-Aui Add +0.7% 13.70% +0.64
BIV Vanguard Intermediate-Term B Add +11.3% 2.03% +0.29
BRK.B Berkshire Hathaway Inc. Class B Add +4.9% 0.71% +0.15
PLTR Palantir Technologies Inc. Class A New 0.14% +0.14
V Visa Inc. Class A Add +3.1% 0.76% +0.11
UBER Uber Technologies Inc. New 0.10% +0.10
TMUS T-Mobile US Inc. New 0.10% +0.10
CB Chubb Ltd. New 0.10% +0.10
PEP Pepsico Inc. New 0.10% +0.10
SYK Stryker Corp. New 0.09% +0.09
MRSH Marsh & McLennan Cos New 0.09% +0.09
MU Micron Technology Inc. New 0.09% +0.09
PH Parker Hannifin Corp. New 0.09% +0.09
NEM Newmont Corp. Add +6.3% 0.26% +0.07
KO The Coca-Cola Co. Add +18.3% 0.22% +0.06
LLY Eli Lilly & Co. Add +5.1% 0.48% +0.06
VB Vanguard Most SM-Cap ETF-Usd Add +9.7% 1.76% +0.06
ABBV Abbvie Inc. Add +1.6% 0.30% +0.05
META Meta Platforms Inc. Class A Add +5.5% 0.95% +0.05
JNJ Johnson & Johnson Add +9.4% 0.23% +0.05
PM Philip Morris International Add +7.5% 0.16% +0.05
XOM Exxon Mobil Corp. Add +4.5% 0.30% +0.05
T AT&T Inc. Add +1.6% 0.18% +0.04
JPM JPMorgan Chase & Co. Add +3.4% 0.53% +0.04
CVX Chevron Corp. Add +18.4% 0.14% +0.04
MA Mastercard Inc. Class A Add +2.3% 0.48% +0.04
IBM Intl Business Machines Corp. Add +12.9% 0.16% +0.04
ABT Abbott Laboratories Add +6.5% 0.18% +0.04
GE General Electric Add +3.4% 0.18% +0.04
COST Costco Wholesale Corp. Add +8.0% 0.30% +0.04
RTX RTX Corp. Add +1.6% 0.20% +0.03
CSCO Cisco Systems Inc. Add +14.3% 0.17% +0.03
AMGN Amgen Inc. Add +7.3% 0.12% +0.03
MCD McDonald's Corp. Add +11.0% 0.15% +0.03
PGR Progressive Corp. Add +7.0% 0.11% +0.03
VZ Verizon Communications Inc. Add +2.5% 0.15% +0.02
NFLX Netflix Inc. Add +2.2% 0.28% +0.02
LIN Linde PLC Add +2.9% 0.16% +0.02
BSX Boston Scientific Corp. Add +2.0% 0.13% +0.02
SPGI S&P Global Inc. Add +1.2% 0.36% +0.02
FISV Fiserv Inc. Add +2.7% 0.16% +0.02
PG The Procter & Gamble Co. Add +1.6% 0.35% +0.02
WMB Williams Cos Inc. Add +0.3% 0.15% +0.02
O Realty Income Corp. Add +6.7% 0.11% +0.02
SO The Southern Co. Add +0.5% 0.10% +0.01
TXN Texas Instruments Inc. Add +13.9% 0.11% +0.01
WFC Wells Fargo & Co. Add +1.6% 0.17% +0.01
QCOM Qualcomm Inc. Add +5.3% 0.13% +0.01
INTU Intuit Inc. Add +6.8% 0.15% +0.01
PFE Pfizer Inc. Add +11.9% 0.11% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 126$341.9MVEA, VUG, VTV, VBR, VBK
Q1 2026 124$296.1MVEA, VUG, VTV, VBR, VBK
Q4 2025 121$306.1MVEA, VUG, VTV, VBR, VBK
Q3 2025 121$295.1MVEA, VUG, VTV, VBR, VBK
Q2 2025 116$271.6MVEA, VUG, VTV, VBR, VBK
Q1 2025 100$230.2MVEA, VUG, VTV, VBR, VBK
Q4 2024 95$234.9MVEA, VUG, VTV, VBR, VBK
Q3 2024 102$237.6MVEA, VUG, VTV, VBR, VBK
Q2 2024 97$223.8MVEA, VUG, VTV, VBR, VBK
Q1 2024 92$215.6MVEA, VUG, VTV, VBR, VBK