Johnson Financial Group, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Johnson Financial Group, Inc. reported 845 stock positions worth $2.0 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 28.9% of the portfolio, followed by iShares Russell 1000 Growth (IWF, 6.6%) and iShares Core MSCI Eafe ETF (IEFA, 5.5%). Compared with Q4 2024, it opened 140 new positions, sold out of 128, added to 304 and reduced 206. The biggest buy was iShares Core MSCI Emerging (IEMG, shares +24%) and the biggest sale iShares Russell 1000 Growth (IWF, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- RACINE, WI
- CIK
- 0001477024
- Portfolio Value
- $2.0B (Q1 2025)
- SEC Filing
- 0000892712-25-000067 ↗ filed May 15, 2025
Holdings Value
Holdings 845 stocks · $2.0B
| IVV iShares Core S&P 500 ETF | 28.87% | 1,049,898 | $589.9M | Add +3.1% |
| IWF iShares Russell 1000 Growth | 6.58% | 372,080 | $134.4M | Reduce -14.6% |
| IEFA iShares Core MSCI Eafe ETF | 5.47% | 1,477,876 | $111.8M | Reduce -2.1% |
| XLG Invesco S&P 500 Top 50 ETF | 3.86% | 1,712,968 | $78.8M | Add +3.0% |
| IEI iShares 3-7 Year Treasury Bo | 3.23% | 559,260 | $66.1M | Reduce -7.7% |
| JOUT Johnson Outdoors Inc. Class A | 2.75% | 1,700,195 | $56.1M | No change |
| AAPL Apple Inc. | 2.18% | 200,534 | $44.5M | Reduce -1.9% |
| MSFT Microsoft Corp. | 1.85% | 100,479 | $37.7M | Add +14.5% |
| ACWX iShares MSCI Acwi Ex US ETF | 1.70% | 625,222 | $34.7M | Reduce -3.7% |
| IXUS iShares Core Intl Stock ETF | 1.66% | 486,145 | $33.9M | Reduce -5.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.50% | 54,707 | $30.7M | Reduce -5.7% |
| IEMG iShares Core MSCI Emerging | 1.27% | 482,219 | $26.0M | Add +23.9% |
| IJH iShares Core S&P Midcap ETF | 1.04% | 362,897 | $21.2M | Add +5.6% |
| MUB iShares National Muni Bond E | 0.92% | 177,333 | $18.7M | Reduce -17.4% |
| MBB iShares MBS ETF | 0.86% | 187,324 | $17.6M | Add +1.7% |
| GOOG Alphabet Inc. Class C | 0.83% | 108,227 | $16.9M | Reduce -2.5% |
| JCPB JPMorgan Core Plus Bond ETF | 0.81% | 353,180 | $16.6M | Add +29.4% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.81% | 341,608 | $16.5M | Add +2.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.79% | 30,409 | $16.2M | Add +4.5% |
| IWB iShares Russell 1000 ETF | 0.78% | 52,077 | $16.0M | Add +1.6% |
| NVDA Nvidia Corp. | 0.70% | 132,688 | $14.4M | Add +3.8% |
| XOM Exxon Mobil Corp. | 0.68% | 116,332 | $13.8M | Add +2.8% |
| JPM JPMorgan Chase & Co. | 0.67% | 55,768 | $13.7M | Reduce -5.1% |
| PG The Procter & Gamble Co. | 0.64% | 76,684 | $13.1M | Add +0.8% |
| VNQ Vanguard Real Estate ETF | 0.61% | 137,894 | $12.5M | Reduce -2.4% |
| GVI iShares Intermediate Governm | 0.60% | 115,305 | $12.2M | Reduce -11.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.59% | 43,670 | $12.0M | Reduce -2.0% |
| META Meta Platforms Inc. Class A | 0.58% | 20,599 | $11.9M | Add +3.0% |
| AMZN Amazon.com Inc. | 0.53% | 57,132 | $10.9M | Add +8.2% |
| V Visa Inc. Class A | 0.52% | 30,147 | $10.6M | Reduce -2.2% |
| MO Altria Group Inc. | 0.51% | 171,168 | $10.4M | Add +1.5% |
| JNJ Johnson & Johnson | 0.50% | 61,323 | $10.2M | Add +4.4% |
| IWD iShares Russell 1000 Value E | 0.48% | 52,662 | $9.9M | Reduce -2.4% |
| UNH Unitedhealth Group Inc. | 0.48% | 18,737 | $9.8M | Add +0.2% |
| OBDC Blue Owl Capital Corp. | 0.47% | 637,727 | $9.6M | Reduce -13.0% |
| ABBV Abbvie Inc. | 0.42% | 41,271 | $8.6M | Add +0.9% |
| AGG iShares Core U.S. Aggregate | 0.41% | 84,452 | $8.4M | Reduce -37.8% |
| PGR Progressive Corp. | 0.41% | 29,288 | $8.3M | Reduce -0.3% |
| CSCO Cisco Systems Inc. | 0.39% | 127,848 | $7.9M | Add +3.7% |
| ACN Accenture PLC Class A | 0.35% | 22,953 | $7.2M | Add +1.3% |
| WMT Walmart Inc. | 0.34% | 79,083 | $7.0M | Reduce -0.8% |
| HD Home Depot Inc. | 0.33% | 18,251 | $6.7M | Add +73.4% |
| ABT Abbott Laboratories | 0.31% | 48,377 | $6.4M | Add +10.4% |
| MCD McDonald's Corp. | 0.30% | 19,753 | $6.2M | Reduce -1.4% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.28% | 56,831 | $5.8M | Add +4.2% |
| LMT Lockheed Martin Corp. | 0.28% | 12,747 | $5.7M | Add +1.3% |
| VZ Verizon Communications Inc. | 0.28% | 124,836 | $5.7M | Add +13.8% |
| AVGO Broadcom Inc. | 0.28% | 33,568 | $5.6M | Reduce -5.0% |
| LLY Eli Lilly & Co. | 0.27% | 6,707 | $5.5M | Reduce -8.0% |
| EXC Exelon Corp. | 0.27% | 117,874 | $5.4M | Reduce -3.1% |
| JPST JPMorgan Ultra-Short Income | 0.26% | 106,917 | $5.4M | Add +1.4% |
| EFA iShares MSCI Eafe ETF | 0.26% | 65,144 | $5.3M | Reduce -0.8% |
| CMCSA Comcast Corp. Class A | 0.24% | 134,404 | $5.0M | Add +11.6% |
| GRMN Garmin Ltd. | 0.24% | 22,459 | $4.9M | Reduce -4.4% |
| IGF iShares Global Infrastructur | 0.24% | 88,997 | $4.9M | Reduce -8.0% |
| EXPD Expeditors Intl Wash Inc. | 0.23% | 39,798 | $4.8M | Add +0.5% |
| CAT Caterpillar Inc. | 0.23% | 14,184 | $4.7M | Add +3.4% |
| CVX Chevron Corp. | 0.22% | 27,049 | $4.5M | Add +2.8% |
| DHI D.R. Horton Inc. | 0.22% | 35,214 | $4.5M | Add +4.5% |
| GOOGL Alphabet Inc. Class A | 0.21% | 28,167 | $4.4M | Add +0.5% |
| FTNT Fortinet Inc. | 0.21% | 44,809 | $4.3M | Reduce -3.1% |
| IWR iShares Russell Mid-Cap ETF | 0.21% | 50,460 | $4.3M | Reduce -3.2% |
| IJR iShares Core S&P Small-Cap E | 0.21% | 41,046 | $4.3M | Add +2.3% |
| LRCX Lam Research Corp. | 0.21% | 58,523 | $4.3M | Reduce -1.7% |
| PEP Pepsico Inc. | 0.21% | 28,439 | $4.3M | Add +1.2% |
| GM General Motors Co. | 0.20% | 88,794 | $4.2M | Add +16.4% |
| EFV iShares MSCI Eafe Value ETF | 0.20% | 70,361 | $4.1M | Reduce -28.3% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.19% | 42,712 | $3.9M | Add +3.3% |
| IWP iShares Russell Mid-Cap Grow | 0.19% | 33,166 | $3.9M | Reduce -13.7% |
| LIN Linde PLC | 0.19% | 8,232 | $3.8M | Add +17.8% |
| ORLY O'reilly Automotive Inc. | 0.19% | 2,659 | $3.8M | Add +2.6% |
| WEC WEC Energy Group Inc. | 0.18% | 34,601 | $3.8M | Reduce -7.0% |
| T AT&T Inc. | 0.18% | 130,505 | $3.7M | Add +3.8% |
| ADBE Adobe Inc. | 0.18% | 9,615 | $3.7M | Add +4.1% |
| KEYS Keysight Technologies Inc. | 0.18% | 24,214 | $3.6M | Reduce -0.3% |
| COF Capital One Financial Corp. | 0.18% | 20,133 | $3.6M | Add +8.0% |
| XRNPX Cohen & Steers REIT and Pref | 0.17% | 159,385 | $3.5M | Reduce -3.3% |
| PCAR Paccar Inc. | 0.16% | 34,587 | $3.4M | Add +3.5% |
| VWO Vanguard Ftse Emerging Marke | 0.16% | 74,337 | $3.4M | Reduce -2.8% |
| APH Amphenol Corp. Class A | 0.16% | 49,919 | $3.3M | Add +2.0% |
| VIG Vanguard Dividend Apprec ETF | 0.16% | 16,736 | $3.2M | Reduce -47.3% |
| USB US Bancorp | 0.15% | 73,089 | $3.1M | Add +5.4% |
| EOG EOG Resources Inc. | 0.15% | 23,548 | $3.0M | Add +2.8% |
| MDT Medtronic PLC | 0.15% | 32,914 | $3.0M | Add +16.0% |
| HON Honeywell International Inc. | 0.15% | 14,051 | $3.0M | Add +170.3% |
| CB Chubb Ltd. | 0.14% | 9,722 | $2.9M | Reduce -1.0% |
| MRK Merck & Co. Inc. | 0.14% | 32,412 | $2.9M | Add +6.0% |
| USMV iShares MSCI USA Min Vol Fac | 0.14% | 31,321 | $2.9M | Reduce -3.3% |
| ADP Automatic Data Processing | 0.13% | 8,971 | $2.8M | Reduce -9.7% |
| AMGN Amgen Inc. | 0.13% | 8,641 | $2.7M | Reduce -8.8% |
| TXN Texas Instruments Inc. | 0.13% | 14,901 | $2.7M | Add +13.6% |
| FISV Fiserv Inc. | 0.13% | 11,629 | $2.6M | Reduce -3.5% |
| PSA Public Storage | 0.12% | 8,514 | $2.5M | Add +6.8% |
| ALL Allstate Corp. | 0.12% | 12,207 | $2.5M | Add +0.3% |
| MDY State Street SPDR S&P Midcap | 0.12% | 4,608 | $2.5M | Reduce -8.1% |
| COST Costco Wholesale Corp. | 0.12% | 2,590 | $2.4M | Reduce -6.5% |
| SNPS Synopsys Inc. | 0.12% | 5,632 | $2.4M | Reduce -1.4% |
| NUE Nucor Corp. | 0.12% | 19,548 | $2.4M | Add +19.2% |
| WFC Wells Fargo & Co. | 0.12% | 32,744 | $2.4M | Add +3.4% |
| XLK SS Technology Select Sector | 0.11% | 11,006 | $2.3M | Reduce -1.0% |
Lines left out (1) · $12 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| SLB SLB Ltd. | COM STK | 0 | $12 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $2.0B.
Portfolio Sells Q4 2024 → Q1 2025
| IWF iShares Russell 1000 Growth | Reduce -14.6% | 6.58% | −1.86 |
| GOOG Alphabet Inc. Class C | Reduce -2.5% | 0.83% | −0.25 |
| AGG iShares Core U.S. Aggregate | Reduce -37.8% | 0.41% | −0.22 |
| MUB iShares National Muni Bond E | Reduce -17.4% | 0.92% | −0.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -5.7% | 1.50% | −0.15 |
| VIG Vanguard Dividend Apprec ETF | Reduce -47.3% | 0.16% | −0.14 |
| AAPL Apple Inc. | Reduce -1.9% | 2.18% | −0.10 |
| AVGO Broadcom Inc. | Reduce -5.0% | 0.28% | −0.09 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -7.7% | 3.23% | −0.09 |
| JPM JPMorgan Chase & Co. | Reduce -5.1% | 0.67% | −0.07 |
| OBDC Blue Owl Capital Corp. | Reduce -13.0% | 0.47% | −0.06 |
| IWP iShares Russell Mid-Cap Grow | Reduce -13.7% | 0.19% | −0.05 |
| EFV iShares MSCI Eafe Value ETF | Reduce -28.3% | 0.20% | −0.05 |
| GVI iShares Intermediate Governm | Reduce -11.3% | 0.60% | −0.05 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -2.0% | 0.59% | −0.04 |
| TSLA Tesla Inc. | Reduce -29.8% | 0.03% | −0.03 |
| WMT Walmart Inc. | Reduce -0.8% | 0.34% | −0.03 |
| KEYS Keysight Technologies Inc. | Reduce -0.3% | 0.18% | −0.03 |
| BMI Badger Meter Inc. | Reduce -20.1% | 0.07% | −0.03 |
| CASY Casey's General Stores Inc. | Reduce -44.7% | 0.04% | −0.03 |
| VOO Vanguard S&P 500 ETF | Reduce -24.1% | 0.07% | −0.03 |
| NTAP Netapp Inc. | Reduce -6.5% | 0.06% | −0.02 |
| SNPS Synopsys Inc. | Reduce -1.4% | 0.12% | −0.02 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -48.6% | 0.03% | −0.02 |
| MDY State Street SPDR S&P Midcap | Reduce -8.1% | 0.12% | −0.02 |
| LRCX Lam Research Corp. | Reduce -1.7% | 0.21% | −0.02 |
| XLE SS Energy Select Sector | Reduce -66.3% | 0.01% | −0.02 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -55.5% | 0.01% | −0.02 |
| IWR iShares Russell Mid-Cap ETF | Reduce -3.2% | 0.21% | −0.02 |
| FFIV F5 Inc. | Reduce -8.0% | 0.09% | −0.02 |
| CMI Cummins Inc. | Reduce -8.4% | 0.08% | −0.01 |
| XLI SS Industrial Select Sector | Reduce -46.7% | 0.02% | −0.01 |
| CDNS Cadence Design SYS Inc. | Reduce -0.7% | 0.10% | −0.01 |
| XLY SS Consumer Disc Select Sect | Reduce -33.6% | 0.02% | −0.01 |
| CSX CSX Corp. | Reduce -89.7% | 0.00% | −0.01 |
| BIZD Vaneck BDC Income ETF | Reduce -26.1% | 0.03% | −0.01 |
| SRE Sempra | Reduce -70.0% | 0.00% | −0.01 |
| DLB Dolby Laboratories Inc. Class A | Reduce -11.2% | 0.09% | −0.01 |
| MOS The Mosaic Co. | Reduce -66.2% | 0.01% | −0.01 |
| WSO Watsco Inc. | Reduce -60.8% | 0.01% | −0.01 |
| HSIC Henry Schein Inc. | Reduce -2.8% | 0.07% | −0.01 |
| ADI Analog Devices Inc. | Reduce -56.2% | 0.01% | −0.01 |
| XLK SS Technology Select Sector | Reduce -1.0% | 0.11% | −0.01 |
| SOXX iShares Semiconductor ETF | Sold out | 0.00% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -12.8% | 0.04% | −0.01 |
| WY Weyerhaeuser Co. | Reduce -52.1% | 0.01% | −0.01 |
| FTNT Fortinet Inc. | Reduce -3.1% | 0.21% | −0.01 |
| AMAT Applied Materials Inc. | Reduce -2.9% | 0.04% | −0.01 |
| FAST Fastenal Co. | Reduce -33.2% | 0.02% | −0.01 |
| IWD iShares Russell 1000 Value E | Reduce -2.4% | 0.48% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| IEMG iShares Core MSCI Emerging | Add +23.9% | 1.27% | +0.30 |
| JCPB JPMorgan Core Plus Bond ETF | Add +29.4% | 0.81% | +0.21 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +4.5% | 0.79% | +0.15 |
| MSFT Microsoft Corp. | Add +14.5% | 1.85% | +0.12 |
| HD Home Depot Inc. | Add +73.4% | 0.33% | +0.12 |
| XOM Exxon Mobil Corp. | Add +2.8% | 0.68% | +0.11 |
| MO Altria Group Inc. | Add +1.5% | 0.51% | +0.09 |
| HON Honeywell International Inc. | Add +170.3% | 0.15% | +0.09 |
| JNJ Johnson & Johnson | Add +4.4% | 0.50% | +0.08 |
| VZ Verizon Communications Inc. | Add +13.8% | 0.28% | +0.07 |
| APAM Artisan Partners Asset Ma -A | New | 0.07% | +0.07 |
| MMM 3M Co. | Add +225.5% | 0.10% | +0.07 |
| TRV The Travelers Cos Inc. | Add +261.5% | 0.09% | +0.07 |
| ABBV Abbvie Inc. | Add +0.9% | 0.42% | +0.06 |
| MBB iShares MBS ETF | Add +1.7% | 0.86% | +0.06 |
| PM Philip Morris International | Add +146.3% | 0.08% | +0.05 |
| CMCSA Comcast Corp. Class A | Add +11.6% | 0.24% | +0.05 |
| ISTB iShares Core 1-5 Year Usd Bo | Add +2.5% | 0.81% | +0.05 |
| ABT Abbott Laboratories | Add +10.4% | 0.31% | +0.05 |
| AIG American International Group | New | 0.04% | +0.04 |
| LIN Linde PLC | Add +17.8% | 0.19% | +0.04 |
| PG The Procter & Gamble Co. | Add +0.8% | 0.64% | +0.04 |
| COP Conocophillips | Add +512.4% | 0.05% | +0.04 |
| T AT&T Inc. | Add +3.8% | 0.18% | +0.04 |
| FANG Diamondback Energy Inc. | Add +142.1% | 0.06% | +0.04 |
| CVX Chevron Corp. | Add +2.8% | 0.22% | +0.04 |
| CSCO Cisco Systems Inc. | Add +3.7% | 0.39% | +0.03 |
| PFE Pfizer Inc. | Add +48.0% | 0.11% | +0.03 |
| HCA HCA Healthcare Inc. | Add +608.3% | 0.03% | +0.03 |
| WM Waste Management Inc. | Add +120.1% | 0.05% | +0.03 |
| CL Colgate-Palmolive Co. | Add +129.8% | 0.05% | +0.03 |
| MUSA Murphy USA Inc. | Add +966.1% | 0.03% | +0.03 |
| ORLY O'reilly Automotive Inc. | Add +2.6% | 0.19% | +0.03 |
| GM General Motors Co. | Add +16.4% | 0.20% | +0.03 |
| SBCF Seacoast Banking Corp. | Add +12223.2% | 0.03% | +0.03 |
| SO The Southern Co. | Add +35.7% | 0.07% | +0.03 |
| FBK FB Financial Corp. | New | 0.03% | +0.03 |
| KMX Carmax Inc. | Add +3406.4% | 0.03% | +0.02 |
| CPB The Campbell's Company | New | 0.02% | +0.02 |
| MDT Medtronic PLC | Add +16.0% | 0.15% | +0.02 |
| BAC Bank of America Corp. | Add +116.6% | 0.05% | +0.02 |
| SYY Sysco Corp. | Add +1916.9% | 0.02% | +0.02 |
| PCH Potlatchdeltic Corp. | New | 0.02% | +0.02 |
| AON Aon PLC Class A | Add +3051.3% | 0.02% | +0.02 |
| SBAC SBA Communications Corp. | Add +1127.4% | 0.02% | +0.02 |
| DTE DTE Energy Company | Add +20.0% | 0.07% | +0.02 |
| FIS Fidelity National Info Serv | Add +193.1% | 0.03% | +0.02 |
| LH Labcorp Holdings Inc. | Add +4409.3% | 0.02% | +0.02 |
| EXPD Expeditors Intl Wash Inc. | Add +0.5% | 0.23% | +0.02 |
| DVN Devon Energy Corp. | Add +54.0% | 0.05% | +0.02 |
Notes & Other Activity Q4 2024 → Q1 2025
| SLB SLB Ltd. | COM STK | Reduce -100.0% | 0 | $12 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 814 | $3.0B | IVV, IEFA, IUSB, XLG, IWF |
| Q1 2026 | 888 | $2.8B | IVV, IUSB, IWF, IEFA, XLG |
| Q4 2025 | 918 | $2.7B | IVV, IWF, IEFA, XLG, JOUT |
| Q3 2025 | 1,060 | $2.7B | IVV, IWF, IEFA, XLG, IEI |
| Q2 2025 | 711 | $2.2B | IVV, IWF, IEFA, XLG, IEI |
| Q1 2025 | 845 | $2.0B | IVV, IWF, IEFA, XLG, IEI |
| Q4 2024 | 832 | $2.1B | IVV, IWF, IEFA, XLG, IEI |
| Q3 2024 | 909 | $2.2B | IVV, IWF, IEI, IEFA, XLG |
| Q2 2024 | 819 | $2.1B | IVV, IWF, IEI, IEFA, XLG |
| Q1 2024 | 765 | $1.9B | IVV, IWF, IEI, IEFA, JOUT |