Johnson Financial Group, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Johnson Financial Group, Inc. reported 711 stock positions worth $2.2 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 30.1% of the portfolio, followed by iShares Russell 1000 Growth (IWF, 7.5%) and iShares Core MSCI Eafe ETF (IEFA, 5.5%). Compared with Q1 2025, it opened 87 new positions, sold out of 221, added to 193 and reduced 292. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +3%) and the biggest sale iShares National Muni Bond E (MUB, shares −59%).
- Most Recent 13F
- Q2 2026
- Location
- RACINE, WI
- CIK
- 0001477024
- Portfolio Value
- $2.2B (Q2 2025)
- SEC Filing
- 0000892712-25-000092 ↗ filed Aug 13, 2025
Holdings Value
Holdings 711 stocks · $2.2B
| IVV iShares Core S&P 500 ETF | 30.09% | 1,076,986 | $668.7M | Add +2.6% |
| IWF iShares Russell 1000 Growth | 7.49% | 392,067 | $166.5M | Add +5.4% |
| IEFA iShares Core MSCI Eafe ETF | 5.52% | 1,469,951 | $122.7M | Reduce -0.5% |
| XLG Invesco S&P 500 Top 50 ETF | 4.08% | 1,740,907 | $90.7M | Add +1.6% |
| IEI iShares 3-7 Year Treasury Bo | 2.96% | 551,610 | $65.7M | Reduce -1.4% |
| JOUT Johnson Outdoors Inc. Class A | 2.41% | 1,700,195 | $53.6M | No change |
| MSFT Microsoft Corp. | 2.26% | 100,799 | $50.1M | Add +0.3% |
| AAPL Apple Inc. | 1.93% | 208,758 | $42.8M | Add +4.1% |
| ACWX iShares MSCI Acwi Ex US ETF | 1.75% | 639,512 | $39.0M | Add +2.3% |
| IXUS iShares Core Intl Stock ETF | 1.59% | 457,941 | $35.4M | Reduce -5.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.54% | 55,296 | $34.3M | Add +1.1% |
| IEMG iShares Core MSCI Emerging | 1.24% | 460,810 | $27.7M | Reduce -4.4% |
| IJH iShares Core S&P Midcap ETF | 1.14% | 408,777 | $25.4M | Add +12.6% |
| NVDA Nvidia Corp. | 0.94% | 132,620 | $21.0M | Reduce -0.1% |
| JCPB JPMorgan Core Plus Bond ETF | 0.90% | 424,068 | $20.0M | Add +20.1% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.90% | 409,777 | $19.9M | Add +20.0% |
| GOOG Alphabet Inc. Class C | 0.87% | 108,382 | $19.2M | Add +0.1% |
| MBB iShares MBS ETF | 0.85% | 200,741 | $18.8M | Add +7.2% |
| IWB iShares Russell 1000 ETF | 0.78% | 51,233 | $17.4M | Reduce -1.6% |
| JPM JPMorgan Chase & Co. | 0.77% | 59,244 | $17.2M | Add +6.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.75% | 54,710 | $16.7M | Add +25.3% |
| META Meta Platforms Inc. Class A | 0.71% | 21,428 | $15.8M | Add +4.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.66% | 30,307 | $14.7M | Reduce -0.3% |
| VYM Vanguard High DVD Yield ETF | 0.62% | 104,169 | $13.9M | Add +14530.5% |
| IWD iShares Russell 1000 Value E | 0.62% | 70,926 | $13.8M | Add +34.7% |
| PG The Procter & Gamble Co. | 0.59% | 82,564 | $13.2M | Add +7.7% |
| XOM Exxon Mobil Corp. | 0.58% | 118,548 | $12.8M | Add +1.9% |
| AMZN Amazon.com Inc. | 0.55% | 56,025 | $12.3M | Reduce -1.9% |
| VNQ Vanguard Real Estate ETF | 0.51% | 126,729 | $11.3M | Reduce -8.1% |
| GVI iShares Intermediate Governm | 0.50% | 104,847 | $11.2M | Reduce -9.1% |
| V Visa Inc. Class A | 0.49% | 30,525 | $10.8M | Add +1.3% |
| MO Altria Group Inc. | 0.47% | 174,456 | $10.4M | Add +1.9% |
| AVGO Broadcom Inc. | 0.46% | 37,310 | $10.3M | Add +11.2% |
| JNJ Johnson & Johnson | 0.43% | 62,672 | $9.6M | Add +2.2% |
| CSCO Cisco Systems Inc. | 0.43% | 136,575 | $9.5M | Add +6.8% |
| ABBV Abbvie Inc. | 0.38% | 45,066 | $8.4M | Add +9.2% |
| PGR Progressive Corp. | 0.36% | 30,348 | $8.1M | Add +3.6% |
| WMT Walmart Inc. | 0.34% | 77,562 | $7.6M | Reduce -1.9% |
| MUB iShares National Muni Bond E | 0.34% | 72,532 | $7.6M | Reduce -59.1% |
| ABT Abbott Laboratories | 0.34% | 54,941 | $7.5M | Add +13.6% |
| OBDC Blue Owl Capital Corp. | 0.33% | 499,857 | $7.3M | Reduce -21.6% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.31% | 59,117 | $6.9M | Add +4.0% |
| AGG iShares Core U.S. Aggregate | 0.30% | 66,487 | $6.6M | Reduce -21.3% |
| IJR iShares Core S&P Small-Cap E | 0.29% | 58,508 | $6.4M | Add +42.5% |
| ACN Accenture PLC Class A | 0.28% | 20,992 | $6.3M | Reduce -8.5% |
| JPST JPMorgan Ultra-Short Income | 0.27% | 118,759 | $6.0M | Add +11.1% |
| LRCX Lam Research Corp. | 0.27% | 61,549 | $6.0M | Add +5.2% |
| LMT Lockheed Martin Corp. | 0.27% | 12,905 | $6.0M | Add +1.2% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.26% | 35,560 | $5.9M | Add +560.8% |
| EFV iShares MSCI Eafe Value ETF | 0.26% | 92,234 | $5.9M | Add +31.1% |
| EFA iShares MSCI Eafe ETF | 0.26% | 64,202 | $5.7M | Reduce -1.4% |
| VZ Verizon Communications Inc. | 0.25% | 126,367 | $5.5M | Add +1.2% |
| LLY Eli Lilly & Co. | 0.25% | 6,995 | $5.5M | Add +4.3% |
| UNH Unitedhealth Group Inc. | 0.24% | 17,299 | $5.4M | Reduce -7.7% |
| VWO Vanguard Ftse Emerging Marke | 0.24% | 107,490 | $5.3M | Add +44.6% |
| HD Home Depot Inc. | 0.24% | 14,384 | $5.3M | Reduce -21.2% |
| IGF iShares Global Infrastructur | 0.24% | 88,276 | $5.2M | Reduce -0.8% |
| MCD McDonald's Corp. | 0.23% | 17,858 | $5.2M | Reduce -9.6% |
| CAT Caterpillar Inc. | 0.23% | 13,321 | $5.2M | Reduce -6.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.23% | 21,275 | $5.1M | Add +4023.1% |
| IWP iShares Russell Mid-Cap Grow | 0.22% | 35,788 | $5.0M | Add +7.9% |
| GOOGL Alphabet Inc. Class A | 0.22% | 28,066 | $4.9M | Reduce -0.4% |
| EXC Exelon Corp. | 0.22% | 113,525 | $4.9M | Reduce -3.7% |
| IWR iShares Russell Mid-Cap ETF | 0.22% | 53,134 | $4.9M | Add +5.3% |
| GRMN Garmin Ltd. | 0.22% | 23,138 | $4.8M | Add +3.0% |
| APH Amphenol Corp. Class A | 0.21% | 47,902 | $4.7M | Reduce -4.0% |
| FTNT Fortinet Inc. | 0.21% | 43,987 | $4.7M | Reduce -1.8% |
| EXPD Expeditors Intl Wash Inc. | 0.20% | 39,699 | $4.5M | Reduce -0.3% |
| DHI D.R. Horton Inc. | 0.20% | 33,687 | $4.3M | Reduce -4.3% |
| COF Capital One Financial Corp. | 0.18% | 19,083 | $4.1M | Reduce -5.2% |
| ADBE Adobe Inc. | 0.18% | 10,438 | $4.0M | Add +8.6% |
| GM General Motors Co. | 0.18% | 80,294 | $4.0M | Reduce -9.6% |
| LIN Linde PLC | 0.17% | 8,269 | $3.9M | Add +0.5% |
| WEC WEC Energy Group Inc. | 0.17% | 35,602 | $3.7M | Add +2.9% |
| T AT&T Inc. | 0.17% | 127,919 | $3.7M | Reduce -2.0% |
| XRNPX Cohen & Steers REIT and Pref | 0.16% | 155,793 | $3.5M | Reduce -2.3% |
| PEP Pepsico Inc. | 0.16% | 26,255 | $3.5M | Reduce -7.7% |
| ORLY O'reilly Automotive Inc. | 0.15% | 38,123 | $3.4M | Reduce -4.4% |
| HON Honeywell International Inc. | 0.15% | 14,271 | $3.3M | Add +1.6% |
| USB US Bancorp | 0.15% | 70,728 | $3.2M | Reduce -3.2% |
| VIG Vanguard Dividend Apprec ETF | 0.14% | 15,443 | $3.2M | Reduce -7.7% |
| COST Costco Wholesale Corp. | 0.14% | 3,196 | $3.2M | Add +23.4% |
| MRK Merck & Co. Inc. | 0.14% | 38,727 | $3.1M | Add +19.5% |
| CVX Chevron Corp. | 0.14% | 21,436 | $3.1M | Reduce -20.8% |
| CMCSA Comcast Corp. Class A | 0.14% | 84,974 | $3.0M | Reduce -36.8% |
| CB Chubb Ltd. | 0.14% | 10,334 | $3.0M | Add +6.3% |
| PFE Pfizer Inc. | 0.13% | 121,497 | $2.9M | Add +40.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.13% | 16,230 | $2.9M | Add +46.8% |
| USMV iShares MSCI USA Min Vol Fac | 0.13% | 30,433 | $2.9M | Reduce -2.8% |
| ADP Automatic Data Processing | 0.13% | 9,171 | $2.8M | Add +2.2% |
| WFC Wells Fargo & Co. | 0.12% | 34,437 | $2.8M | Add +5.2% |
| XLK SS Technology Select Sector | 0.12% | 10,862 | $2.8M | Reduce -1.3% |
| MDT Medtronic PLC | 0.12% | 30,874 | $2.7M | Reduce -6.2% |
| SNPS Synopsys Inc. | 0.12% | 5,204 | $2.7M | Reduce -7.6% |
| PSA Public Storage | 0.12% | 8,900 | $2.6M | Add +4.5% |
| EOG EOG Resources Inc. | 0.12% | 21,725 | $2.6M | Reduce -7.7% |
| ALL Allstate Corp. | 0.12% | 12,797 | $2.6M | Add +4.8% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.12% | 78,084 | $2.6M | Add +19.0% |
| MDY State Street SPDR S&P Midcap | 0.12% | 4,532 | $2.6M | Reduce -1.6% |
| EFG iShares MSCI Eafe Growth ETF | 0.11% | 22,755 | $2.5M | Add +0.9% |
Lines left out (1) · $88 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| SRE Sempra | COM | 0 | $88 |
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: $2.2B.
Portfolio Sells Q1 2025 → Q2 2025
| MUB iShares National Muni Bond E | Reduce -59.1% | 0.34% | −0.57 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -1.4% | 2.96% | −0.28 |
| UNH Unitedhealth Group Inc. | Reduce -7.7% | 0.24% | −0.24 |
| OBDC Blue Owl Capital Corp. | Reduce -21.6% | 0.33% | −0.14 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.3% | 0.66% | −0.13 |
| AGG iShares Core U.S. Aggregate | Reduce -21.3% | 0.30% | −0.11 |
| CMCSA Comcast Corp. Class A | Reduce -36.8% | 0.14% | −0.11 |
| VNQ Vanguard Real Estate ETF | Reduce -8.1% | 0.51% | −0.10 |
| GVI iShares Intermediate Governm | Reduce -9.1% | 0.50% | −0.09 |
| HD Home Depot Inc. | Reduce -21.2% | 0.24% | −0.09 |
| KEYS Keysight Technologies Inc. | Reduce -49.7% | 0.09% | −0.09 |
| CVX Chevron Corp. | Reduce -20.8% | 0.14% | −0.08 |
| TROW T Rowe Price Group Inc. | Reduce -40.6% | 0.11% | −0.08 |
| SCI Service Corp. International | Reduce -85.2% | 0.01% | −0.08 |
| ACN Accenture PLC Class A | Reduce -8.5% | 0.28% | −0.07 |
| IXUS iShares Core Intl Stock ETF | Reduce -5.8% | 1.59% | −0.07 |
| APAM Artisan Partners Asset Ma -A | Sold out | 0.00% | −0.07 |
| MCD McDonald's Corp. | Reduce -9.6% | 0.23% | −0.07 |
| RHI Robert Half Inc. | Reduce -40.4% | 0.04% | −0.06 |
| PEP Pepsico Inc. | Reduce -7.7% | 0.16% | −0.05 |
| PCAR Paccar Inc. | Reduce -22.8% | 0.11% | −0.05 |
| FISV Fiserv Inc. | Reduce -10.8% | 0.08% | −0.05 |
| EXC Exelon Corp. | Reduce -3.7% | 0.22% | −0.04 |
| AIG American International Group | Sold out | 0.00% | −0.04 |
| COP Conocophillips | Reduce -84.3% | 0.01% | −0.04 |
| DUK Duke Energy Corp. | Reduce -75.5% | 0.01% | −0.04 |
| DLB Dolby Laboratories Inc. Class A | Reduce -29.7% | 0.05% | −0.04 |
| SNA Snap-on Inc. | Reduce -77.4% | 0.01% | −0.04 |
| AMGN Amgen Inc. | Reduce -11.4% | 0.10% | −0.04 |
| FANG Diamondback Energy Inc. | Reduce -44.0% | 0.03% | −0.04 |
| BBY Best Buy Co. Inc. | Reduce -21.5% | 0.07% | −0.03 |
| ORLY O'reilly Automotive Inc. | Reduce -4.4% | 0.15% | −0.03 |
| HCA HCA Healthcare Inc. | Reduce -88.8% | 0.00% | −0.03 |
| EOG EOG Resources Inc. | Reduce -7.7% | 0.12% | −0.03 |
| EXPD Expeditors Intl Wash Inc. | Reduce -0.3% | 0.20% | −0.03 |
| IEMG iShares Core MSCI Emerging | Reduce -4.4% | 1.24% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -26.4% | 0.10% | −0.03 |
| WM Waste Management Inc. | Reduce -53.7% | 0.02% | −0.03 |
| UNP Union Pacific Corp. | Reduce -42.8% | 0.03% | −0.03 |
| GM General Motors Co. | Reduce -9.6% | 0.18% | −0.03 |
| SBCF Seacoast Banking Corp. | Sold out | 0.00% | −0.03 |
| FBK FB Financial Corp. | Sold out | 0.00% | −0.03 |
| KMX Carmax Inc. | Reduce -98.2% | 0.00% | −0.02 |
| CASY Casey's General Stores Inc. | Reduce -67.0% | 0.01% | −0.02 |
| MDT Medtronic PLC | Reduce -6.2% | 0.12% | −0.02 |
| DHI D.R. Horton Inc. | Reduce -4.3% | 0.20% | −0.02 |
| SBAC SBA Communications Corp. | Reduce -99.1% | 0.00% | −0.02 |
| SYY Sysco Corp. | Reduce -95.1% | 0.00% | −0.02 |
| XLV SS Health Care Select Sector | Reduce -64.4% | 0.01% | −0.02 |
| PCH Potlatchdeltic Corp. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| IVV iShares Core S&P 500 ETF | Add +2.6% | 30.09% | +1.22 |
| IWF iShares Russell 1000 Growth | Add +5.4% | 7.49% | +0.92 |
| VYM Vanguard High DVD Yield ETF | Add +14530.5% | 0.62% | +0.62 |
| MSFT Microsoft Corp. | Add +0.3% | 2.26% | +0.41 |
| XLG Invesco S&P 500 Top 50 ETF | Add +1.6% | 4.08% | +0.22 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +560.8% | 0.26% | +0.22 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +4023.1% | 0.23% | +0.22 |
| AVGO Broadcom Inc. | Add +11.2% | 0.46% | +0.19 |
| VTI VG Morningstar TS MKT ETF-US | Add +25.3% | 0.75% | +0.16 |
| IWD iShares Russell 1000 Value E | Add +34.7% | 0.62% | +0.14 |
| META Meta Platforms Inc. Class A | Add +4.0% | 0.71% | +0.13 |
| IJH iShares Core S&P Midcap ETF | Add +12.6% | 1.14% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +6.2% | 0.77% | +0.10 |
| ISTB iShares Core 1-5 Year Usd Bo | Add +20.0% | 0.90% | +0.09 |
| JCPB JPMorgan Core Plus Bond ETF | Add +20.1% | 0.90% | +0.09 |
| IJR iShares Core S&P Small-Cap E | Add +42.5% | 0.29% | +0.08 |
| VSS Vanguard Ftse All Wo X-US SC | Add +3359.2% | 0.08% | +0.08 |
| VWO Vanguard Ftse Emerging Marke | Add +44.6% | 0.24% | +0.07 |
| EDIV State Street SPDR S&P Emergi | New | 0.07% | +0.07 |
| LRCX Lam Research Corp. | Add +5.2% | 0.27% | +0.06 |
| EFV iShares MSCI Eafe Value ETF | Add +31.1% | 0.26% | +0.06 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +2.3% | 1.75% | +0.06 |
| ELV Elevance Health Inc. | New | 0.05% | +0.05 |
| EEM iShares MSCI Emerging Market | Add +227.5% | 0.07% | +0.05 |
| CSCO Cisco Systems Inc. | Add +6.8% | 0.43% | +0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.1% | 1.54% | +0.04 |
| IWV iShares Russell 3000 ETF | Add +216.9% | 0.06% | +0.04 |
| SJNK SS SPDR BB St Hi Yield ETF | New | 0.04% | +0.04 |
| GOOG Alphabet Inc. Class C | Add +0.1% | 0.87% | +0.04 |
| DVY iShares Select Dividend ETF | Add +120.3% | 0.07% | +0.04 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +46.8% | 0.13% | +0.04 |
| IWP iShares Russell Mid-Cap Grow | Add +7.9% | 0.22% | +0.03 |
| PFE Pfizer Inc. | Add +40.5% | 0.13% | +0.03 |
| DSI iShares ESG MSCI KLD 400 ETF | Add +4.0% | 0.31% | +0.02 |
| IWS iShares Russell Mid-Cap Valu | Add +160.4% | 0.04% | +0.02 |
| COST Costco Wholesale Corp. | Add +23.4% | 0.14% | +0.02 |
| ABT Abbott Laboratories | Add +13.6% | 0.34% | +0.02 |
| TSLA Tesla Inc. | Add +60.3% | 0.05% | +0.02 |
| TJX TJX Companies Inc. | Add +112.5% | 0.04% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | Add +282.8% | 0.03% | +0.02 |
| ED Consolidated Edison Inc. | Add +573.6% | 0.02% | +0.02 |
| CL Colgate-Palmolive Co. | Add +60.4% | 0.07% | +0.02 |
| EQT Eqt Corp. | New | 0.02% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +25.0% | 0.09% | +0.02 |
| FFIV F5 Inc. | Add +17.9% | 0.11% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +36.5% | 0.05% | +0.02 |
| AMD Advanced Micro Devices | Add +211.1% | 0.02% | +0.02 |
| PM Philip Morris International | Add +12.4% | 0.09% | +0.01 |
| FIX Comfort Systems USA Inc. | Add +582.2% | 0.01% | +0.01 |
| COIN Coinbase Global Inc. Class A | New | 0.01% | +0.01 |
Notes & Other Activity Q1 2025 → Q2 2025
| SRE Sempra | COM | Reduce -100.0% | 0 | $88 |
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 |