LPWM LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 14, 2025), LPWM LLC reported 84 stock positions worth $310.5 million. Its top holding was Vanguard Russell 1000 Growth (VONG) at 18.2% of the portfolio, followed by iShares S&P 500 Value ETF (IVE, 18.1%) and iShares Russell Mid-Cap Valu (IWS, 8.6%). Compared with Q4 2024, it opened 9 new positions, sold out of 3, added to 32 and reduced 26. The biggest buy was JPMorgan Ultra-Short Income (JPST, shares +73%) and the biggest sale Vanguard Russell 1000 Growth (VONG, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0001801101
- Portfolio Value
- $310.5M (Q1 2025)
- SEC Filing
- 0001951757-25-000345 ↗ filed Apr 14, 2025
Holdings Value
Holdings 84 stocks · $310.5M
| VONG Vanguard Russell 1000 Growth | 18.23% | 610,041 | $56.6M | Reduce -1.6% |
| IVE iShares S&P 500 Value ETF | 18.08% | 294,469 | $56.1M | Add +5.2% |
| IWS iShares Russell Mid-Cap Valu | 8.60% | 211,974 | $26.7M | Add +4.6% |
| JPST JPMorgan Ultra-Short Income | 5.20% | 318,829 | $16.1M | Add +73.2% |
| IEFA iShares Core MSCI Eafe ETF | 4.70% | 193,071 | $14.6M | Add +2.0% |
| VTIP Vanguard Short-Term Tips | 4.12% | 256,453 | $12.8M | Add +2.9% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 3.50% | 99,884 | $10.9M | Add +2.5% |
| SLYV SS SPDR S&P 600 SC Val ETF | 2.17% | 85,979 | $6.7M | Add +6.1% |
| VWO Vanguard Ftse Emerging Marke | 2.12% | 145,672 | $6.6M | Add +5.6% |
| IWM iShares Russell 2000 ETF | 2.05% | 31,868 | $6.4M | Add +3.9% |
| VNQ Vanguard Real Estate ETF | 1.80% | 61,766 | $5.6M | Add +7.5% |
| MUB iShares National Muni Bond E | 1.74% | 51,349 | $5.4M | Reduce -5.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.68% | 30,232 | $5.2M | Reduce -0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.58% | 9,200 | $4.9M | Add +1.6% |
| EELV Invesco S&P Emerging Markets | 1.41% | 179,924 | $4.4M | Add +7.8% |
| EMXC iShares MSCI Emr MRK Ex Chna | 1.35% | 76,179 | $4.2M | Add +5.4% |
| VONE Vanguard Russell 1000 | 1.29% | 15,787 | $4.0M | Reduce -23.2% |
| VNQI Vanguard GLBL Ex-US Real Est | 1.26% | 96,760 | $3.9M | Add +7.1% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 1.18% | 71,965 | $3.7M | Add +40.1% |
| IWR iShares Russell Mid-Cap ETF | 1.15% | 42,081 | $3.6M | Reduce -2.0% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 1.11% | 21,383 | $3.4M | Reduce -0.1% |
| AGG iShares Core U.S. Aggregate | 1.06% | 33,275 | $3.3M | Reduce -67.8% |
| VSS Vanguard Ftse All Wo X-US SC | 1.00% | 26,771 | $3.1M | Add +3.0% |
| NVDA Nvidia Corp. | 0.99% | 28,389 | $3.1M | Reduce -1.7% |
| VEA Vanguard Ftse Developed ETF | 0.86% | 52,232 | $2.7M | Reduce -1.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.60% | 6,729 | $1.8M | Add +0.9% |
| IVW iShares S&P 500 Growth ETF | 0.58% | 19,511 | $1.8M | Reduce -1.0% |
| VGT Vanguard Info Tech ETF | 0.55% | 3,162 | $1.7M | Reduce -0.3% |
| VONV Vanguard Russell 1000 Value | 0.53% | 20,092 | $1.7M | Add +2.7% |
| UNH Unitedhealth Group Inc. | 0.44% | 2,608 | $1.4M | Add +201.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.43% | 14,610 | $1.3M | Reduce -31.1% |
| AMZN Amazon.com Inc. | 0.40% | 6,562 | $1.2M | Add +1.8% |
| VOO Vanguard S&P 500 ETF | 0.40% | 2,400 | $1.2M | New |
| XLK SS Technology Select Sector | 0.38% | 5,779 | $1.2M | No change |
| IEMG iShares Core MSCI Emerging | 0.37% | 21,199 | $1.1M | Reduce -0.1% |
| QUAL iShares MSCI USA Quality Fac | 0.34% | 6,144 | $1.0M | Add +8.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.33% | 2,765 | $1.0M | Reduce -0.1% |
| AAPL Apple Inc. | 0.29% | 4,115 | $914K | Add +0.6% |
| AVGO Broadcom Inc. | 0.29% | 5,453 | $913K | No change |
| VHT Vanguard Health Care ETF | 0.26% | 3,101 | $821K | Add +5.4% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.25% | 15,681 | $778K | Reduce -6.6% |
| VOX Vanguard Communication Servi | 0.25% | 5,208 | $773K | No change |
| XLV SS Health Care Select Sector | 0.23% | 4,910 | $717K | Add +4.9% |
| GOOGL Alphabet Inc. Class A | 0.23% | 4,525 | $700K | Add +0.0% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.21% | 2,578 | $663K | No change |
| IJH iShares Core S&P Midcap ETF | 0.20% | 10,679 | $623K | Add +190.3% |
| ICVT iShares Convertible Bond ETF | 0.20% | 7,398 | $619K | Reduce -8.1% |
| VXF Vanguard Extended Market ETF | 0.19% | 3,493 | $602K | No change |
| XLE SS Energy Select Sector | 0.19% | 6,433 | $601K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.17% | 1,142 | $536K | No change |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.17% | 11,180 | $515K | New |
| IWB iShares Russell 1000 ETF | 0.16% | 1,633 | $501K | Reduce -0.4% |
| GOOG Alphabet Inc. Class C | 0.16% | 3,161 | $494K | Add +2.5% |
| IYF iShares US Financials ETF | 0.16% | 4,366 | $493K | No change |
| MSFT Microsoft Corp. | 0.16% | 1,294 | $486K | Add +7.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.16% | 862 | $482K | Reduce -5.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.15% | 2,066 | $458K | Reduce -1.6% |
| TSLA Tesla Inc. | 0.12% | 1,455 | $377K | Reduce -35.1% |
| IWF iShares Russell 1000 Growth | 0.12% | 1,000 | $361K | No change |
| VCR Vanguard Consumer Discre ETF | 0.11% | 1,059 | $345K | No change |
| TIP iShares Tips Bond ETF | 0.11% | 3,046 | $338K | Reduce -49.2% |
| MMM 3M Co. | 0.11% | 2,236 | $328K | Add +13.6% |
| VTWO Vanguard Russell 2000 ETF | 0.10% | 3,907 | $315K | Reduce -1.2% |
| PHO Invesco Water Resources ETF | 0.10% | 4,875 | $315K | Add +8.7% |
| ECL Ecolab Inc. | 0.10% | 1,188 | $301K | No change |
| ITA iShares U.S. Aerospace & Def | 0.10% | 1,958 | $300K | No change |
| XLC SS Comm Select Sector SPDR | 0.10% | 3,074 | $296K | Add +0.3% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.09% | 1,472 | $274K | Reduce -7.1% |
| COR Cencora Inc. | 0.09% | 968 | $269K | New |
| DELL Dell Technologies -C | 0.09% | 2,921 | $266K | Add +14.1% |
| JPM JPMorgan Chase & Co. | 0.08% | 1,060 | $260K | Reduce -4.5% |
| META Meta Platforms Inc. Class A | 0.08% | 451 | $260K | No change |
| XLP SS Consumer Staples Sel Sect | 0.08% | 2,994 | $245K | No change |
| XOM Exxon Mobil Corp. | 0.08% | 2,006 | $239K | New |
| PM Philip Morris International | 0.08% | 1,500 | $238K | New |
| SCZ iShares MSCI Eafe Small-Cap | 0.08% | 3,704 | $235K | Reduce -0.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.07% | 633 | $223K | No change |
| V Visa Inc. Class A | 0.07% | 632 | $221K | New |
| ENVX Enovix Corp. | 0.07% | 28,872 | $212K | Reduce -42.8% |
| VT Vanguard Tot World STK ETF | 0.07% | 1,781 | $207K | New |
| IYE iShares U.S. Energy ETF | 0.07% | 4,177 | $206K | New |
| FCX Freeport-McMoran Inc. | 0.06% | 5,316 | $201K | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.06% | 3,300 | $200K | New |
| ICLN iShares Global Clean Energy | 0.06% | 15,270 | $174K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| VONG Vanguard Russell 1000 Growth | Reduce -1.6% | 18.23% | −2.34 |
| AGG iShares Core U.S. Aggregate | Reduce -67.8% | 1.06% | −2.16 |
| VONE Vanguard Russell 1000 | Reduce -23.2% | 1.29% | −0.47 |
| NVDA Nvidia Corp. | Reduce -1.7% | 0.99% | −0.25 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -31.1% | 0.43% | −0.19 |
| TSLA Tesla Inc. | Reduce -35.1% | 0.12% | −0.17 |
| MUB iShares National Muni Bond E | Reduce -5.6% | 1.74% | −0.12 |
| ENVX Enovix Corp. | Reduce -42.8% | 0.07% | −0.11 |
| TIP iShares Tips Bond ETF | Reduce -49.2% | 0.11% | −0.10 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.09 |
| BND Vanguard Total Bond Market | Sold out | 0.00% | −0.09 |
| VGT Vanguard Info Tech ETF | Reduce -0.3% | 0.55% | −0.08 |
| ITOT iShares Core S&P Total U.S. | Sold out | 0.00% | −0.07 |
| IWR iShares Russell Mid-Cap ETF | Reduce -2.0% | 1.15% | −0.07 |
| IVW iShares S&P 500 Growth ETF | Reduce -1.0% | 0.58% | −0.06 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.1% | 0.33% | −0.03 |
| ICVT iShares Convertible Bond ETF | Reduce -8.1% | 0.20% | −0.02 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -6.6% | 0.25% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -5.7% | 0.16% | −0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -1.6% | 0.15% | −0.01 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -7.1% | 0.09% | −0.01 |
| VTWO Vanguard Russell 2000 ETF | Reduce -1.2% | 0.10% | −0.01 |
| IWB iShares Russell 1000 ETF | Reduce -0.4% | 0.16% | −0.01 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -0.1% | 1.11% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -4.5% | 0.08% | −0.00 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -0.5% | 0.08% | +0.00 |
| IEMG iShares Core MSCI Emerging | Reduce -0.1% | 0.37% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.5% | 1.68% | +0.03 |
| VEA Vanguard Ftse Developed ETF | Reduce -1.6% | 0.86% | +0.04 |
Portfolio Buys Q4 2024 → Q1 2025
| JPST JPMorgan Ultra-Short Income | Add +73.2% | 5.20% | +2.22 |
| IVE iShares S&P 500 Value ETF | Add +5.2% | 18.08% | +0.91 |
| IEFA iShares Core MSCI Eafe ETF | Add +2.0% | 4.70% | +0.43 |
| VOO Vanguard S&P 500 ETF | New | 0.40% | +0.40 |
| JMST JPM Ultra-Short Muni Income | Add +40.1% | 1.18% | +0.34 |
| UNH Unitedhealth Group Inc. | Add +201.2% | 0.44% | +0.30 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.6% | 1.58% | +0.26 |
| VTIP Vanguard Short-Term Tips | Add +2.9% | 4.12% | +0.25 |
| IWS iShares Russell Mid-Cap Valu | Add +4.6% | 8.60% | +0.18 |
| VWO Vanguard Ftse Emerging Marke | Add +5.6% | 2.12% | +0.17 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | New | 0.17% | +0.17 |
| VNQ Vanguard Real Estate ETF | Add +7.5% | 1.80% | +0.16 |
| EELV Invesco S&P Emerging Markets | Add +7.8% | 1.41% | +0.15 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +2.5% | 3.50% | +0.15 |
| IJH iShares Core S&P Midcap ETF | Add +190.3% | 0.20% | +0.13 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +7.1% | 1.26% | +0.11 |
| COR Cencora Inc. | New | 0.09% | +0.09 |
| XOM Exxon Mobil Corp. | New | 0.08% | +0.08 |
| PM Philip Morris International | New | 0.08% | +0.08 |
| V Visa Inc. Class A | New | 0.07% | +0.07 |
| VT Vanguard Tot World STK ETF | New | 0.07% | +0.07 |
| IYE iShares U.S. Energy ETF | New | 0.07% | +0.07 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +5.4% | 1.35% | +0.06 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.06% | +0.06 |
| VSS Vanguard Ftse All Wo X-US SC | Add +3.0% | 1.00% | +0.04 |
| VHT Vanguard Health Care ETF | Add +5.4% | 0.26% | +0.02 |
| MMM 3M Co. | Add +13.6% | 0.11% | +0.02 |
| XLV SS Health Care Select Sector | Add +4.9% | 0.23% | +0.02 |
| VONV Vanguard Russell 1000 Value | Add +2.7% | 0.53% | +0.02 |
| QUAL iShares MSCI USA Quality Fac | Add +8.2% | 0.34% | +0.01 |
| PHO Invesco Water Resources ETF | Add +8.7% | 0.10% | +0.01 |
| XLC SS Comm Select Sector SPDR | Add +0.3% | 0.10% | +0.00 |
| MSFT Microsoft Corp. | Add +7.5% | 0.16% | −0.01 |
| DELL Dell Technologies -C | Add +14.1% | 0.09% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.9% | 0.60% | −0.03 |
| GOOG Alphabet Inc. Class C | Add +2.5% | 0.16% | −0.03 |
| AAPL Apple Inc. | Add +0.6% | 0.29% | −0.03 |
| GOOGL Alphabet Inc. Class A | Add +0.0% | 0.23% | −0.05 |
| AMZN Amazon.com Inc. | Add +1.8% | 0.40% | −0.05 |
| SLYV SS SPDR S&P 600 SC Val ETF | Add +6.1% | 2.17% | −0.10 |
| IWM iShares Russell 2000 ETF | Add +3.9% | 2.05% | −0.13 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 98 | $450.7M | VONG, VTV, IWS, JPST, IEFA |
| Q1 2026 | 94 | $396.3M | VONG, IVE, IWS, JPST, IEFA |
| Q4 2025 | 87 | $396.4M | VONG, IVE, IWS, IEFA, JPST |
| Q3 2025 | 84 | $374.8M | VONG, IVE, IWS, JPST, IEFA |
| Q2 2025 | 83 | $342.8M | VONG, IVE, IWS, JPST, IEFA |
| Q1 2025 | 84 | $310.5M | VONG, IVE, IWS, JPST, IEFA |
| Q4 2024 | 78 | $311.3M | VONG, IVE, IWS, IEFA, VTIP |
| Q3 2024 | 77 | $305.4M | VONG, IVE, IWS, AGG, IEFA |
| Q2 2024 | 77 | $289.6M | VONG, IVE, IWS, AGG, IEFA |
| Q1 2024 | 72 | $272.3M | VONG, IVE, IWS, AGG, IEFA |