LVM Capital Management Ltd.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 15, 2024), LVM Capital Management Ltd. reported 141 stock positions worth $846.6 million. Its top holding was Microsoft (MSFT) at 9.1% of the portfolio, followed by Apple (AAPL, 8.4%) and Broadcom (AVGO, 6.3%). Compared with Q4 2023, it opened 8 new positions, sold out of 14, added to 44 and reduced 50. The biggest buy was American Express (AXP, shares +2%) and the biggest sale Apple (AAPL, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- PORTAGE, MI
- CIK
- 0001053054
- Portfolio Value
- $846.6M (Q1 2024)
- SEC Filing
- 0001053054-24-000002 ↗ filed Apr 15, 2024
Holdings Value
Holdings 141 stocks · $846.6M
| MSFT Microsoft Corp. | 9.14% | 183,817 | $77.3M | Reduce -0.3% |
| AAPL Apple Inc. | 8.37% | 413,146 | $70.8M | Reduce -0.2% |
| AVGO Broadcom Inc. | 6.33% | 40,422 | $53.6M | Reduce -1.2% |
| PG The Procter & Gamble Co. | 3.49% | 182,321 | $29.6M | Add +0.1% |
| LLY Eli Lilly & Co. | 3.48% | 37,833 | $29.4M | Reduce -0.2% |
| ABBV Abbvie Inc. | 3.40% | 158,242 | $28.8M | Reduce -0.1% |
| XOM Exxon Mobil Corp. | 3.32% | 242,142 | $28.1M | Reduce -0.4% |
| JNJ Johnson & Johnson | 2.83% | 151,222 | $23.9M | Add +2.0% |
| HD Home Depot Inc. | 2.68% | 59,246 | $22.7M | Reduce -1.0% |
| DGRW Wisdomtree U.S. Quality Divi | 2.54% | 282,037 | $21.5M | Add +2.4% |
| GOOGL Alphabet Inc. Class A | 2.49% | 139,816 | $21.1M | Add +3.1% |
| CSCO Cisco Systems Inc. | 2.42% | 410,294 | $20.5M | Add +2.2% |
| ICLR Icon PLC | 2.35% | 59,132 | $19.9M | Add +1.1% |
| MS Morgan Stanley | 2.27% | 204,310 | $19.2M | Add +1.3% |
| AXP American Express Co. | 2.26% | 83,939 | $19.1M | Add +1.8% |
| AMGN Amgen Inc. | 2.01% | 59,857 | $17.0M | Add +4.0% |
| AMAT Applied Materials Inc. | 1.93% | 79,250 | $16.3M | Reduce -0.4% |
| CVX Chevron Corp. | 1.80% | 96,379 | $15.2M | Add +4.9% |
| LMT Lockheed Martin Corp. | 1.79% | 33,304 | $15.1M | Add +3.9% |
| NOC Northrop Grumman Corp. | 1.76% | 31,139 | $14.9M | Add +4.8% |
| SYK Stryker Corp. | 1.63% | 38,567 | $13.8M | Reduce -2.3% |
| CRM Salesforce Inc. | 1.56% | 43,778 | $13.2M | Add +3.5% |
| KR Kroger Co. | 1.53% | 226,132 | $12.9M | Reduce -1.3% |
| VRTX Vertex Pharmaceuticals Inc. | 1.50% | 30,415 | $12.7M | Add +1.1% |
| HSY The Hershey Co. | 1.41% | 61,583 | $12.0M | Add +0.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.38% | 22,272 | $11.7M | Add +1.1% |
| IAU iShares Gold Trust | 1.37% | 275,112 | $11.6M | Reduce -0.5% |
| IDA Idacorp Inc. | 1.33% | 121,029 | $11.2M | Add +1.7% |
| NVT Nvent Electric PLC | 1.17% | 131,180 | $9.9M | Add +5.5% |
| HUBB Hubbell Inc. | 1.14% | 23,255 | $9.7M | Add +1.5% |
| PFE Pfizer Inc. | 1.13% | 345,650 | $9.6M | Add +0.3% |
| DLR Digital Realty Trust Inc. | 0.89% | 52,517 | $7.6M | Reduce -0.5% |
| SBUX Starbucks Corp. | 0.81% | 74,886 | $6.8M | Add +4.1% |
| WM Waste Management Inc. | 0.77% | 30,590 | $6.5M | No change |
| TD Toronto-Dominion Bank | 0.75% | 104,599 | $6.3M | Reduce -3.8% |
| DGRS Wisdomtree U.S. Smallcap Qua | 0.73% | 124,695 | $6.2M | Add +14.1% |
| O Realty Income Corp. | 0.65% | 102,122 | $5.5M | Add +1.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.62% | 42,591 | $5.2M | Reduce -2.7% |
| PEP Pepsico Inc. | 0.55% | 26,712 | $4.7M | Reduce -1.0% |
| MO Altria Group Inc. | 0.54% | 104,180 | $4.5M | Reduce -19.3% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.49% | 64,194 | $4.1M | No change |
| DHS Wisdomtree US High Dividend | 0.48% | 46,550 | $4.0M | Reduce -1.1% |
| IXUS iShares Core Intl Stock ETF | 0.46% | 57,660 | $3.9M | No change |
| EOG EOG Resources Inc. | 0.46% | 30,575 | $3.9M | Add +8.9% |
| ABT Abbott Laboratories | 0.45% | 33,400 | $3.8M | Add +0.2% |
| SYY Sysco Corp. | 0.41% | 43,170 | $3.5M | Reduce -0.4% |
| SCHD Schwab US DVD Equity ETF | 0.37% | 39,223 | $3.2M | Add +18.6% |
| MDT Medtronic PLC | 0.36% | 35,459 | $3.1M | Reduce -13.3% |
| PM Philip Morris International | 0.32% | 29,579 | $2.7M | Reduce -9.0% |
| JPM JPMorgan Chase & Co. | 0.31% | 13,093 | $2.6M | Add +0.1% |
| NEE Nextera Energy Inc. | 0.26% | 34,739 | $2.2M | Add +47.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.26% | 11,329 | $2.2M | Add +1.2% |
| XLK SS Technology Select Sector | 0.25% | 10,018 | $2.1M | Add +3.0% |
| INTC Intel Corp. | 0.24% | 46,592 | $2.1M | Reduce -1.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.23% | 4,620 | $1.9M | Reduce -1.1% |
| CMA Comerica Inc. | 0.22% | 34,307 | $1.9M | No change |
| KO The Coca-Cola Co. | 0.22% | 30,119 | $1.8M | Add +0.3% |
| GOOG Alphabet Inc. Class C | 0.22% | 12,066 | $1.8M | Reduce -0.1% |
| DG Dollar General Corp. | 0.21% | 11,643 | $1.8M | Add +76.7% |
| MRK Merck & Co. Inc. | 0.21% | 13,265 | $1.8M | Add +1.0% |
| UNH Unitedhealth Group Inc. | 0.16% | 2,699 | $1.3M | Reduce -5.7% |
| CASY Casey's General Stores Inc. | 0.15% | 3,890 | $1.2M | No change |
| GLD SPDR Gold Shares | 0.14% | 5,875 | $1.2M | No change |
| IJH iShares Core S&P Midcap ETF | 0.13% | 17,470 | $1.1M | No change |
| XLV SS Health Care Select Sector | 0.12% | 7,000 | $1.0M | Add +1.2% |
| LOW Lowe's Cos Inc. | 0.12% | 3,940 | $1.0M | New |
| MCD McDonald's Corp. | 0.12% | 3,563 | $1.0M | Add +6.7% |
| EMR Emerson Electric Co. | 0.12% | 8,777 | $995K | New |
| CTAS Cintas Corp. | 0.11% | 1,396 | $959K | Reduce -3.6% |
| IQLT iShares MSCI International Q | 0.11% | 23,919 | $949K | Add +3.0% |
| AMZN Amazon.com Inc. | 0.11% | 5,163 | $931K | Add +4.5% |
| NOBL Proshares S&P 500 Dividend A | 0.11% | 9,015 | $914K | No change |
| VLO Valero Energy Corp. | 0.11% | 5,345 | $912K | New |
| FISV Fiserv Inc. | 0.10% | 5,425 | $867K | No change |
| DE Deere & Co. | 0.10% | 2,100 | $863K | Add +13.5% |
| AMT American Tower Corp. | 0.10% | 4,357 | $861K | Reduce -4.5% |
| FIS Fidelity National Info Serv | 0.10% | 11,310 | $839K | New |
| CNI Canadian Natl Railway Co. | 0.10% | 6,300 | $830K | No change |
| NVDA Nvidia Corp. | 0.10% | 917 | $829K | Reduce -22.1% |
| IQV Iqvia Holdings Inc. | 0.10% | 3,210 | $812K | New |
| MMM 3M Co. | 0.10% | 7,584 | $804K | Reduce -0.7% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.09% | 9,636 | $802K | New |
| LYV Live Nation Entertainment Inc. | 0.09% | 7,526 | $796K | New |
| CAT Caterpillar Inc. | 0.09% | 2,160 | $791K | Reduce -52.9% |
| RTX RTX Corp. | 0.09% | 8,078 | $788K | Reduce -1.1% |
| TRV The Travelers Cos Inc. | 0.09% | 3,356 | $772K | Reduce -1.7% |
| PSX Phillips 66 | 0.09% | 4,695 | $767K | Add +1.1% |
| SMCI Super Micro Computer Inc. | 0.09% | 753 | $761K | New |
| PHYS Sprott Physical Gold Trust | 0.09% | 43,675 | $756K | No change |
| IJR iShares Core S&P Small-Cap E | 0.09% | 6,815 | $753K | No change |
| BMY Bristol-Myers Squibb Co. | 0.09% | 13,550 | $735K | Reduce -1.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.09% | 19,061 | $723K | Reduce -3.8% |
| SMH Vaneck Semiconductor ETF | 0.08% | 3,150 | $709K | Add +1.1% |
| ADP Automatic Data Processing | 0.08% | 2,545 | $636K | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.07% | 1 | $634K | No change |
| ORCL Oracle Corp. | 0.07% | 4,911 | $617K | Reduce -18.0% |
| TMO Thermo Fisher Scientific Inc. | 0.07% | 1,061 | $617K | No change |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.07% | 16,650 | $597K | No change |
| V Visa Inc. Class A | 0.07% | 2,025 | $565K | Add +3.0% |
| GIS General Mills Inc. | 0.07% | 7,957 | $557K | Reduce -2.1% |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -0.2% | 8.37% | −1.83 |
| VZ Verizon Communications Inc. | Reduce -83.6% | 0.05% | −0.26 |
| TD Toronto-Dominion Bank | Reduce -3.8% | 0.75% | −0.15 |
| MO Altria Group Inc. | Reduce -19.3% | 0.54% | −0.13 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −0.13 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.13 |
| NRG NRG Energy Inc. | Sold out | 0.00% | −0.12 |
| WDC Western Digital Corp. | Sold out | 0.00% | −0.10 |
| WRK Westrock Co. | Sold out | 0.00% | −0.10 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.09 |
| WMT Walmart Inc. | Reduce -73.0% | 0.03% | −0.09 |
| CINF Cincinnati Financial Corp. | Sold out | 0.00% | −0.09 |
| CAT Caterpillar Inc. | Reduce -52.9% | 0.09% | −0.08 |
| HAL Halliburton Co. | Sold out | 0.00% | −0.07 |
| PM Philip Morris International | Reduce -9.0% | 0.32% | −0.07 |
| MDT Medtronic PLC | Reduce -13.3% | 0.36% | −0.07 |
| INTC Intel Corp. | Reduce -1.2% | 0.24% | −0.06 |
| DVY iShares Select Dividend ETF | Sold out | 0.00% | −0.05 |
| DBEF Xtrackers MSCI Eafe Hedged E | Sold out | 0.00% | −0.04 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -5.7% | 0.16% | −0.04 |
| PEP Pepsico Inc. | Reduce -1.0% | 0.55% | −0.03 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.03 |
| BLK BlackRock Finance Inc. | Sold out | 0.00% | −0.03 |
| AMT American Tower Corp. | Reduce -4.5% | 0.10% | −0.02 |
| DHS Wisdomtree US High Dividend | Reduce -1.1% | 0.48% | −0.02 |
| IAU iShares Gold Trust | Reduce -0.5% | 1.37% | −0.02 |
| DLR Digital Realty Trust Inc. | Reduce -0.5% | 0.89% | −0.02 |
| BA The Boeing Co. | Reduce -9.2% | 0.03% | −0.02 |
| UVV Universal Corp. | Reduce -11.4% | 0.02% | −0.01 |
| T AT&T Inc. | Reduce -15.6% | 0.06% | −0.01 |
| MMM 3M Co. | Reduce -0.7% | 0.10% | −0.01 |
| DTH Wisdomtree International Hig | Reduce -17.0% | 0.03% | −0.01 |
| ORCL Oracle Corp. | Reduce -18.0% | 0.07% | −0.01 |
| DUK Duke Energy Corp. | Reduce -6.4% | 0.05% | −0.01 |
| CVS CVS Health Corp. | Reduce -8.2% | 0.02% | −0.00 |
| VWO Vanguard Ftse Emerging Marke | Reduce -0.7% | 0.05% | −0.00 |
| BMY Bristol-Myers Squibb Co. | Reduce -1.1% | 0.09% | −0.00 |
| EES Wisdomtree US Smallcap Fund | Reduce -2.5% | 0.03% | −0.00 |
| GD General Dynamics Corp. | Reduce -8.1% | 0.03% | −0.00 |
| GIS General Mills Inc. | Reduce -2.1% | 0.07% | −0.00 |
| KMB Kimberly-Clark Corp. | Reduce -0.9% | 0.06% | −0.00 |
| CLX Clorox Company | Reduce -1.1% | 0.06% | −0.00 |
| TDIV FT Nasdaq Tech DVD Index FD | Reduce -2.7% | 0.06% | −0.00 |
| GOOG Alphabet Inc. Class C | Reduce -0.1% | 0.22% | −0.00 |
| BAC Bank of America Corp. | Reduce -3.8% | 0.09% | 0.00 |
| JTAN Jotan Inc. | Sold out | 0.00% | 0.00 |
| COST Costco Wholesale Corp. | Reduce -1.3% | 0.04% | +0.00 |
| CTAS Cintas Corp. | Reduce -3.6% | 0.11% | +0.00 |
| RTX RTX Corp. | Reduce -1.1% | 0.09% | +0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| AXP American Express Co. | Add +1.8% | 2.26% | +0.28 |
| NVT Nvent Electric PLC | Add +5.5% | 1.17% | +0.23 |
| ICLR Icon PLC | Add +1.1% | 2.35% | +0.23 |
| HUBB Hubbell Inc. | Add +1.5% | 1.14% | +0.18 |
| CRM Salesforce Inc. | Add +3.5% | 1.56% | +0.13 |
| LOW Lowe's Cos Inc. | New | 0.12% | +0.12 |
| EMR Emerson Electric Co. | New | 0.12% | +0.12 |
| VLO Valero Energy Corp. | New | 0.11% | +0.11 |
| DG Dollar General Corp. | Add +76.7% | 0.21% | +0.10 |
| FIS Fidelity National Info Serv | New | 0.10% | +0.10 |
| IQV Iqvia Holdings Inc. | New | 0.10% | +0.10 |
| CF CF Industries Holdings Inc. | New | 0.09% | +0.09 |
| LYV Live Nation Entertainment Inc. | New | 0.09% | +0.09 |
| SMCI Super Micro Computer Inc. | New | 0.09% | +0.09 |
| NEE Nextera Energy Inc. | Add +47.0% | 0.26% | +0.08 |
| PG The Procter & Gamble Co. | Add +0.1% | 3.49% | +0.08 |
| DGRS Wisdomtree U.S. Smallcap Qua | Add +14.1% | 0.73% | +0.07 |
| GOOGL Alphabet Inc. Class A | Add +3.1% | 2.49% | +0.07 |
| DGRW Wisdomtree U.S. Quality Divi | Add +2.4% | 2.54% | +0.06 |
| SCHD Schwab US DVD Equity ETF | Add +18.6% | 0.37% | +0.05 |
| CVX Chevron Corp. | Add +4.9% | 1.80% | +0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.1% | 1.38% | +0.04 |
| EOG EOG Resources Inc. | Add +8.9% | 0.46% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +0.1% | 0.31% | +0.02 |
| MRK Merck & Co. Inc. | Add +1.0% | 0.21% | +0.02 |
| IBM Intl Business Machines Corp. | Add +1.2% | 0.26% | +0.02 |
| SMH Vaneck Semiconductor ETF | Add +1.1% | 0.08% | +0.01 |
| AMZN Amazon.com Inc. | Add +4.5% | 0.11% | +0.01 |
| ETN Eaton Corp. PLC | Add +5.7% | 0.06% | +0.01 |
| PSX Phillips 66 | Add +1.1% | 0.09% | +0.01 |
| DE Deere & Co. | Add +13.5% | 0.10% | +0.01 |
| XLK SS Technology Select Sector | Add +3.0% | 0.25% | +0.01 |
| XLY SS Consumer Disc Select Sect | Add +11.8% | 0.04% | +0.00 |
| XLV SS Health Care Select Sector | Add +1.2% | 0.12% | +0.00 |
| V Visa Inc. Class A | Add +3.0% | 0.07% | +0.00 |
| IQLT iShares MSCI International Q | Add +3.0% | 0.11% | +0.00 |
| MCD McDonald's Corp. | Add +6.7% | 0.12% | −0.01 |
| KO The Coca-Cola Co. | Add +0.3% | 0.22% | −0.01 |
| TSLA Tesla Inc. | Add +0.6% | 0.03% | −0.02 |
| NOC Northrop Grumman Corp. | Add +4.8% | 1.76% | −0.02 |
| ABT Abbott Laboratories | Add +0.2% | 0.45% | −0.02 |
| HSY The Hershey Co. | Add +0.9% | 1.41% | −0.04 |
| VRTX Vertex Pharmaceuticals Inc. | Add +1.1% | 1.50% | −0.07 |
| LMT Lockheed Martin Corp. | Add +3.9% | 1.79% | −0.07 |
| SBUX Starbucks Corp. | Add +4.1% | 0.81% | −0.08 |
| O Realty Income Corp. | Add +1.6% | 0.65% | −0.09 |
| AMGN Amgen Inc. | Add +4.0% | 2.01% | −0.11 |
| MS Morgan Stanley | Add +1.3% | 2.27% | −0.13 |
| PFE Pfizer Inc. | Add +0.3% | 1.13% | −0.14 |
| JNJ Johnson & Johnson | Add +2.0% | 2.83% | −0.15 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 163 | $1.2B | AAPL, AVGO, MSFT, LLY, AMAT |
| Q1 2026 | 160 | $1.1B | AAPL, AVGO, MSFT, LLY, XOM |
| Q4 2025 | 161 | $1.1B | AAPL, AVGO, MSFT, LLY, GOOGL |
| Q3 2025 | 165 | $1.0B | AAPL, MSFT, AVGO, LLY, ABBV |
| Q2 2025 | 154 | $964.2M | MSFT, AAPL, AVGO, LLY, ABBV |
| Q1 2025 | 151 | $898.1M | AAPL, MSFT, AVGO, LLY, ABBV |
| Q4 2024 | 155 | $929.8M | AAPL, AVGO, MSFT, LLY, PG |
| Q3 2024 | 142 | $878.8M | AAPL, MSFT, AVGO, LLY, PG |
| Q2 2024 | 142 | $878.8M | AAPL, MSFT, AVGO, LLY, PG |
| Q1 2024 | 141 | $846.6M | MSFT, AAPL, AVGO, PG, LLY |