Jacobsen Capital Management

Name: Jacobsen Capital Management 13F holdings, Q3 2025
Creator: Jacobsen Capital Management
Published: 2025-10-27

Q2 2026Q1 2026Q4 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 27, 2025), Jacobsen Capital Management reported 121 stock positions worth $295.1 million. Its top holding was Vanguard Ftse Developed ETF (VEA) at 20.1% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 16.5%) and Vanguard Mrngstr Val ETF-Aui (VTV, 11.8%). Compared with Q2 2025, it opened 9 new positions, sold out of 4, added to 75 and reduced 31. The biggest buy was Apple (AAPL, shares +1%) and the biggest sale Vngrd Mrngst SL-CP Val ETF-U (VBR, shares −5%).

Most Recent 13F: Q2 2026
Location: SALT LAKE CITY, UT
CIK: 0001782491
Portfolio Value: $295.1M (Q3 2025)
SEC Filing: 0001782491-25-000006 ↗ filed Oct 27, 2025

Holdings Value

Holdings 121 stocks · $295.1M


VEA Vanguard Ftse Developed ETF	20.13%	991,379	$59.4M	Add +0.7%
VUG Vanguard Mrngstar GR ETF-Sui	16.50%	101,535	$48.7M	Reduce -0.8%
VTV Vanguard Mrngstr Val ETF-Aui	11.82%	187,059	$34.9M	Add +0.7%
VBR Vngrd Mrngst SL-CP Val ETF-U	4.82%	68,089	$14.2M	Reduce -4.7%
VBK Van Morst SML-Cap Gro-Usd Inc.	4.08%	40,415	$12.0M	Reduce -0.3%
SCHF Schwab Intl Equity ETF	3.72%	470,927	$11.0M	Add +14.3%
NVDA Nvidia Corp.	3.17%	50,178	$9.4M	Add +2.4%
AAPL Apple Inc.	3.02%	34,977	$8.9M	Add +0.9%
MSFT Microsoft Corp.	2.81%	15,992	$8.3M	Add +1.6%
VB Vanguard Most SM-Cap ETF-Usd	1.98%	22,991	$5.8M	Add +5.3%
EXR Extra Space Storage Inc.	1.85%	38,810	$5.5M	Add +0.0%
GOOGL Alphabet Inc. Class A	1.64%	19,874	$4.8M	Add +1.1%
BIV Vanguard Intermediate-Term B	1.63%	61,585	$4.8M	Add +0.8%
AMZN Amazon.com Inc.	1.41%	18,920	$4.2M	Add +2.7%
META Meta Platforms Inc. Class A	1.08%	4,328	$3.2M	Add +1.3%
AVGO Broadcom Inc.	1.06%	9,491	$3.1M	Add +2.6%
TSLA Tesla Inc.	0.87%	5,763	$2.6M	Add +2.4%
BSV Vanguard Short-Term Bond ETF	0.85%	31,794	$2.5M	Reduce -3.9%
GOOG Alphabet Inc. Class C	0.64%	7,776	$1.9M	Add +3.8%
V Visa Inc. Class A	0.64%	5,512	$1.9M	Reduce -0.5%
JPM JPMorgan Chase & Co.	0.58%	5,440	$1.7M	Add +2.4%
BRK.B Berkshire Hathaway Inc. Class B	0.58%	3,400	$1.7M	Add +3.3%
MA Mastercard Inc. Class A	0.43%	2,247	$1.3M	Add +0.5%
LLY Eli Lilly & Co.	0.40%	1,538	$1.2M	Reduce -1.6%
HD Home Depot Inc.	0.37%	2,703	$1.1M	Reduce -0.1%
SCHX Schwab US Large-Cap ETF	0.36%	39,930	$1.1M	Reduce -3.8%
GLD SPDR Gold Shares	0.35%	2,898	$1.0M	No change
WMT Walmart Inc.	0.34%	9,634	$993K	Add +0.2%
APH Amphenol Corp. Class A	0.33%	7,917	$980K	Reduce -9.7%
XOM Exxon Mobil Corp.	0.31%	8,075	$910K	Reduce -1.5%
NFLX Netflix Inc.	0.30%	748	$897K	Add +3.6%
JNJ Johnson & Johnson	0.30%	4,782	$887K	Reduce -2.3%
ABBV Abbvie Inc.	0.29%	3,697	$856K	Add +0.2%
ORCL Oracle Corp.	0.29%	3,043	$856K	Add +2.1%
BKNG Booking Holdings Inc.	0.29%	157	$848K	Reduce -1.9%
TMO Thermo Fisher Scientific Inc.	0.28%	1,687	$818K	Add +6.4%
SPGI S&P Global Inc.	0.27%	1,641	$799K	Reduce -0.1%
IWF iShares Russell 1000 Growth	0.25%	1,574	$737K	Reduce -16.9%
COST Costco Wholesale Corp.	0.24%	766	$709K	Reduce -2.2%
PG The Procter & Gamble Co.	0.24%	4,555	$700K	Reduce -9.9%
PLTR Palantir Technologies Inc. Class A	0.24%	3,817	$696K	Reduce -9.2%
GE General Electric filed as GE AEROSPACE	0.23%	2,295	$690K	Add +1.4%
SIVR Abrdn Physical Silver Shares	0.21%	14,244	$634K	No change
RTX RTX Corp.	0.21%	3,718	$622K	Add +1.9%
AMD Advanced Micro Devices	0.21%	3,805	$616K	Add +1.7%
SHW The Sherwin-Williams Co.	0.20%	1,668	$578K	Reduce -0.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.19%	10,969	$566K	Add +10.3%
CSCO Cisco Systems Inc.	0.19%	8,115	$555K	Add +0.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.19%	3,834	$554K	Add +0.2%
WFC Wells Fargo & Co.	0.18%	6,298	$528K	Add +1.7%
KO The Coca-Cola Co.	0.18%	7,959	$528K	Reduce -3.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.18%	1,841	$519K	Add +2.6%
ABT Abbott Laboratories	0.16%	3,552	$476K	Add +1.1%
T AT&T Inc.	0.16%	16,649	$470K	Add +2.2%
MU Micron Technology Inc.	0.15%	2,729	$457K	Add +3.6%
CRM Salesforce Inc.	0.15%	1,920	$455K	Add +9.3%
PM Philip Morris International	0.15%	2,758	$447K	Add +0.4%
LIN Linde PLC	0.15%	912	$433K	Add +1.3%
INTU Intuit Inc.	0.14%	614	$419K	Add +0.2%
UNH Unitedhealth Group Inc.	0.14%	1,205	$416K	Add +76.7%
NOW ServiceNow Inc.	0.14%	446	$410K	Add +0.5%
MRK Merck & Co. Inc.	0.14%	4,889	$410K	Add +19.7%
CAT Caterpillar Inc.	0.14%	837	$399K	Add +0.7%
ANET Arista Networks Inc.	0.13%	2,676	$390K	Reduce -0.1%
MS Morgan Stanley	0.13%	2,432	$387K	Add +0.2%
CVX Chevron Corp.	0.13%	2,466	$383K	New
MCD McDonald's Corp.	0.13%	1,259	$383K	Add +3.2%
UBER Uber Technologies Inc.	0.13%	3,899	$382K	Reduce -6.3%
NEE Nextera Energy Inc.	0.13%	5,043	$381K	Add +0.8%
WMB Williams Cos Inc.	0.13%	5,945	$377K	Add +0.1%
LRCX Lam Research Corp.	0.13%	2,804	$375K	Add +4.1%
GEV GE Vernova Inc.	0.13%	609	$374K	Reduce -0.8%
VZ Verizon Communications Inc.	0.13%	8,496	$373K	Add +1.9%
QCOM Qualcomm Inc.	0.12%	2,169	$361K	No change
ETN Eaton Corp. PLC	0.12%	937	$351K	Reduce -0.6%
ADBE Adobe Inc.	0.12%	992	$350K	Add +2.7%
AXP American Express Co.	0.11%	955	$317K	Add +0.3%
UNP Union Pacific Corp.	0.11%	1,314	$311K	Add +1.0%
AMAT Applied Materials Inc.	0.11%	1,516	$310K	No change
BSX Boston Scientific Corp.	0.10%	3,170	$309K	Add +1.7%
BLK BlackRock Inc.	0.10%	261	$304K	No change
PEP Pepsico Inc.	0.10%	2,110	$296K	New
TXN Texas Instruments Inc.	0.10%	1,565	$288K	Add +9.8%
AMGN Amgen Inc.	0.10%	1,009	$285K	Reduce -0.4%
PH Parker Hannifin Corp.	0.10%	370	$281K	Add +0.3%
SO The Southern Co.	0.09%	2,952	$280K	Add +1.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.09%	2,436	$279K	Add +2.2%
GS Goldman Sachs Group Inc.	0.09%	348	$277K	Add +7.7%
O Realty Income Corp.	0.09%	4,422	$269K	Add +1.4%
ADP Automatic Data Processing	0.09%	909	$267K	Add +0.2%
PANW Palo Alto Networks Inc.	0.09%	1,304	$266K	Reduce -10.2%
KLAC KLA Corp.	0.09%	245	$264K	Add +4.3%
ISRG Intuitive Surgical Inc.	0.09%	584	$261K	Reduce -5.0%
PFE Pfizer Inc.	0.09%	10,140	$258K	New
CRWD CrowdStrike Holdings Inc. Class A	0.09%	525	$257K	Add +0.8%
COF Capital One Financial Corp.	0.09%	1,206	$256K	Add +2.9%
SYK Stryker Corp.	0.09%	690	$255K	Add +0.7%
PACS Pacs Group Inc.	0.08%	17,834	$245K	Add +21.4%
ZTS Zoetis Inc.	0.08%	1,656	$242K	Reduce -2.4%
HON Honeywell International Inc.	0.08%	1,150	$242K	Reduce -0.3%
BR Broadridge Financial Solutio	0.08%	998	$238K	Reduce -1.7%
MO Altria Group Inc.	0.08%	3,587	$237K	Add +4.4%
PGR Progressive Corp.	0.08%	959	$237K	Reduce -13.9%
LOW Lowe's Cos Inc.	0.08%	941	$236K	Add +1.4%
CB Chubb Ltd.	0.08%	837	$236K	Add +8.3%
BA The Boeing Co.	0.08%	1,070	$231K	Add +4.6%
MDT Medtronic PLC	0.08%	2,394	$228K	Add +4.2%
FISV Fiserv Inc.	0.08%	1,767	$228K	Add +5.8%
ADSK Autodesk Inc.	0.08%	716	$227K	Add +1.3%
SWX Southwest Gas Holdings Inc.	0.08%	2,888	$226K	Add +0.3%
SCHW Schwab (charles) Corp.	0.08%	2,359	$225K	Add +2.8%
GILD Gilead Sciences Inc.	0.08%	2,016	$224K	Reduce -0.1%
INTC Intel Corp.	0.07%	6,533	$219K	New
EGO Eldorado Gold Corp.	0.07%	7,500	$217K	New
TMUS T-Mobile US Inc.	0.07%	883	$211K	Add +0.1%
C Citigroup Inc.	0.07%	2,071	$210K	New
CME Cme Group Inc.	0.07%	769	$208K	Add +1.4%
TT Trane Technologies PLC	0.07%	491	$207K	No change
USB US Bancorp	0.07%	4,242	$205K	New
ESGV Vanguard ESG US Stock ETF	0.07%	1,697	$201K	New
URI United Rentals Inc.	0.07%	210	$200K	New

Portfolio Sells Q2 2025 → Q3 2025


VBR Vngrd Mrngst SL-CP Val ETF-U	Reduce -4.7%	4.82%	−0.31
BSV Vanguard Short-Term Bond ETF	Reduce -3.9%	0.85%	−0.11
ACN Accenture PLC Class A	Sold out	0.00%	−0.10
ELV Elevance Health Inc.	Sold out	0.00%	−0.10
V Visa Inc. Class A	Reduce -0.5%	0.64%	−0.09
CMCSA Comcast Corp. Class A	Sold out	0.00%	−0.08
BMY Bristol-Myers Squibb Co.	Sold out	0.00%	−0.07
PG The Procter & Gamble Co.	Reduce -9.9%	0.24%	−0.06
VBK Van Morst SML-Cap Gro-Usd Inc.	Reduce -0.3%	4.08%	−0.06
BKNG Booking Holdings Inc.	Reduce -1.9%	0.29%	−0.05
LLY Eli Lilly & Co.	Reduce -1.6%	0.40%	−0.05
SPGI S&P Global Inc.	Reduce -0.1%	0.27%	−0.05
IWF iShares Russell 1000 Growth	Reduce -16.9%	0.25%	−0.05
COST Costco Wholesale Corp.	Reduce -2.2%	0.24%	−0.05
KO The Coca-Cola Co.	Reduce -3.0%	0.18%	−0.03
ISRG Intuitive Surgical Inc.	Reduce -5.0%	0.09%	−0.03
PGR Progressive Corp.	Reduce -13.9%	0.08%	−0.03
PANW Palo Alto Networks Inc.	Reduce -10.2%	0.09%	−0.02
VUG Vanguard Mrngstar GR ETF-Sui	Reduce -0.8%	16.50%	−0.02
SCHX Schwab US Large-Cap ETF	Reduce -3.8%	0.36%	−0.02
XOM Exxon Mobil Corp.	Reduce -1.5%	0.31%	−0.02
HON Honeywell International Inc.	Reduce -0.3%	0.08%	−0.02
SHW The Sherwin-Williams Co.	Reduce -0.1%	0.20%	−0.02
ZTS Zoetis Inc.	Reduce -2.4%	0.08%	−0.02
UBER Uber Technologies Inc.	Reduce -6.3%	0.13%	−0.01
BR Broadridge Financial Solutio	Reduce -1.7%	0.08%	−0.01
AMGN Amgen Inc.	Reduce -0.4%	0.10%	−0.01
GILD Gilead Sciences Inc.	Reduce -0.1%	0.08%	−0.01
ETN Eaton Corp. PLC	Reduce -0.6%	0.12%	−0.01
HD Home Depot Inc.	Reduce -0.1%	0.37%	+0.01
GEV GE Vernova Inc.	Reduce -0.8%	0.13%	+0.01
APH Amphenol Corp. Class A	Reduce -9.7%	0.33%	+0.01
PLTR Palantir Technologies Inc. Class A	Reduce -9.2%	0.24%	+0.02
JNJ Johnson & Johnson	Reduce -2.3%	0.30%	+0.03
ANET Arista Networks Inc.	Reduce -0.1%	0.13%	+0.03

Portfolio Buys Q2 2025 → Q3 2025


AAPL Apple Inc.	Add +0.9%	3.02%	+0.40
SCHF Schwab Intl Equity ETF	Add +14.3%	3.72%	+0.36
GOOGL Alphabet Inc. Class A	Add +1.1%	1.64%	+0.36
NVDA Nvidia Corp.	Add +2.4%	3.17%	+0.32
TSLA Tesla Inc.	Add +2.4%	0.87%	+0.21
GOOG Alphabet Inc. Class C	Add +3.8%	0.64%	+0.15
CVX Chevron Corp.	New	0.13%	+0.13
AVGO Broadcom Inc.	Add +2.6%	1.06%	+0.12
PEP Pepsico Inc.	New	0.10%	+0.10
PFE Pfizer Inc.	New	0.09%	+0.09
VB Vanguard Most SM-Cap ETF-Usd	Add +5.3%	1.98%	+0.08
INTC Intel Corp.	New	0.07%	+0.07
EGO Eldorado Gold Corp.	New	0.07%	+0.07
C Citigroup Inc.	New	0.07%	+0.07
USB US Bancorp	New	0.07%	+0.07
ESGV Vanguard ESG US Stock ETF	New	0.07%	+0.07
URI United Rentals Inc.	New	0.07%	+0.07
UNH Unitedhealth Group Inc.	Add +76.7%	0.14%	+0.06
ORCL Oracle Corp.	Add +2.1%	0.29%	+0.05
TMO Thermo Fisher Scientific Inc.	Add +6.4%	0.28%	+0.04
ABBV Abbvie Inc.	Add +0.2%	0.29%	+0.04
MU Micron Technology Inc.	Add +3.6%	0.15%	+0.04
LRCX Lam Research Corp.	Add +4.1%	0.13%	+0.03
MRK Merck & Co. Inc.	Add +19.7%	0.14%	+0.02
GE General Electric	Add +1.4%	0.23%	+0.02
BAC Bank of America Corp.	Add +10.3%	0.19%	+0.02
CAT Caterpillar Inc.	Add +0.7%	0.14%	+0.02
RTX RTX Corp.	Add +1.9%	0.21%	+0.01
JPM JPMorgan Chase & Co.	Add +2.4%	0.58%	+0.01
TJX TJX Companies Inc.	Add +0.2%	0.19%	+0.01
AMD Advanced Micro Devices	Add +1.7%	0.21%	+0.01
PACS Pacs Group Inc.	Add +21.4%	0.08%	+0.01
KLAC KLA Corp.	Add +4.3%	0.09%	+0.01
GS Goldman Sachs Group Inc.	Add +7.7%	0.09%	+0.01
MO Altria Group Inc.	Add +4.4%	0.08%	+0.01
MS Morgan Stanley	Add +0.2%	0.13%	+0.01
LOW Lowe's Cos Inc.	Add +1.4%	0.08%	+0.00
MDT Medtronic PLC	Add +4.2%	0.08%	+0.00
NEE Nextera Energy Inc.	Add +0.8%	0.13%	+0.00
PH Parker Hannifin Corp.	Add +0.3%	0.10%	+0.00
BA The Boeing Co.	Add +4.6%	0.08%	−0.00
SCHW Schwab (charles) Corp.	Add +2.8%	0.08%	−0.00
O Realty Income Corp.	Add +1.4%	0.09%	−0.00
MCD McDonald's Corp.	Add +3.2%	0.13%	−0.00
SWX Southwest Gas Holdings Inc.	Add +0.3%	0.08%	−0.00
CB Chubb Ltd.	Add +8.3%	0.08%	−0.00
ADSK Autodesk Inc.	Add +1.3%	0.08%	−0.00
WFC Wells Fargo & Co.	Add +1.7%	0.18%	−0.00
SO The Southern Co.	Add +1.2%	0.09%	−0.00
AXP American Express Co.	Add +0.3%	0.11%	−0.00

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	126	$341.9M	VEA, VUG, VTV, VBR, VBK
Q1 2026	124	$296.1M	VEA, VUG, VTV, VBR, VBK
Q4 2025	121	$306.1M	VEA, VUG, VTV, VBR, VBK
Q3 2025	121	$295.1M	VEA, VUG, VTV, VBR, VBK
Q2 2025	116	$271.6M	VEA, VUG, VTV, VBR, VBK
Q1 2025	100	$230.2M	VEA, VUG, VTV, VBR, VBK
Q4 2024	95	$234.9M	VEA, VUG, VTV, VBR, VBK
Q3 2024	102	$237.6M	VEA, VUG, VTV, VBR, VBK
Q2 2024	97	$223.8M	VEA, VUG, VTV, VBR, VBK
Q1 2024	92	$215.6M	VEA, VUG, VTV, VBR, VBK