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

0$500.0M$1.0B$1.5B Q1 2024: $846.6M $846.6M Q1 2024 Q2 2024: $878.8M Q2 2024 Q3 2024: $878.8M Q3 2024 Q4 2024: $929.8M Q4 2024 Q1 2025: $898.1M Q1 2025 Q2 2025: $964.2M Q2 2025 Q3 2025: $1.0B Q3 2025 Q4 2025: $1.1B Q4 2025 Q1 2026: $1.1B Q1 2026 Q2 2026: $1.2B Q2 2026

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%
PNC PNC Financial Services Group 0.07% 3,445 $557K No change
KMB Kimberly-Clark Corp. 0.06% 4,125 $534K Reduce -0.9%
CLX Clorox Company 0.06% 3,346 $512K Reduce -1.1%
VIG Vanguard Dividend Apprec ETF 0.06% 2,771 $506K No change
AZN Astrazeneca PLC-Spons ADR 0.06% 7,300 $495K No change
ETN Eaton Corp. PLC 0.06% 1,582 $495K Add +5.7%
T AT&T Inc. 0.06% 28,030 $493K Reduce -15.6%
IWF iShares Russell 1000 Growth 0.06% 1,460 $492K No change
GNTX Gentex Corp. 0.06% 13,550 $489K No change
TDIV FT Nasdaq Tech DVD Index FD 0.06% 6,835 $476K Reduce -2.7%
SRE Sempra 0.05% 6,466 $464K No change
MA Mastercard Inc. Class A 0.05% 961 $463K No change
BF.B Brown-Forman Corp. Class B 0.05% 8,905 $460K No change
VZ Verizon Communications Inc. 0.05% 10,558 $443K Reduce -83.6%
VWO Vanguard Ftse Emerging Marke 0.05% 10,450 $437K Reduce -0.7%
DUK Duke Energy Corp. 0.05% 3,955 $382K Reduce -6.4%
XLY SS Consumer Disc Select Sect 0.04% 1,893 $348K Add +11.8%
FAST Fastenal Co. 0.04% 4,500 $347K No change
META Meta Platforms Inc. Class A 0.04% 705 $342K No change
COST Costco Wholesale Corp. 0.04% 442 $324K Reduce -1.3%
YUM Yum! Brands Inc. 0.04% 2,242 $311K No change
IVV iShares Core S&P 500 ETF 0.04% 571 $300K No change
CHD Church & Dwight Co. Inc. 0.04% 2,864 $299K No change
WMT Walmart Inc. 0.03% 4,866 $293K Reduce -73.0%
CL Colgate-Palmolive Co. 0.03% 3,200 $288K No change
TSLA Tesla Inc. 0.03% 1,630 $287K Add +0.6%
DTH Wisdomtree International Hig 0.03% 6,630 $263K Reduce -17.0%
BA The Boeing Co. 0.03% 1,133 $219K Reduce -9.2%
GD General Dynamics Corp. 0.03% 775 $219K Reduce -8.1%
EES Wisdomtree US Smallcap Fund 0.03% 4,363 $219K Reduce -2.5%
APD Air Products & Chemicals Inc. 0.02% 860 $208K No change
K Kellanova 0.02% 3,600 $206K No change
UVV Universal Corp. 0.02% 3,900 $202K Reduce -11.4%
CVS CVS Health Corp. 0.02% 2,521 $201K Reduce -8.2%
ATOS Atossa Therapeutics Inc. 0.00% 21,000 $38K No change
VXRT Vaxart Inc. 0.00% 12,500 $16K No change
ECCI Ecoloclean Industries Inc. 0.00% 26,300 $0 No change
IGPG Ignis Petroleum Group Inc. filed as GNIS PETROLEUM 0.00% 22,000 $0 No change
FRBKQ Republic First Bancorp Inc. 0.00% 50,000 $0 No change
SKNYQ Skinny Nutritional Corp. 0.00% 242,900 $0 No change
WEBB INTERACT SERVICES 0.00% 303,575 $0 No change

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 163$1.2BAAPL, AVGO, MSFT, LLY, AMAT
Q1 2026 160$1.1BAAPL, AVGO, MSFT, LLY, XOM
Q4 2025 161$1.1BAAPL, AVGO, MSFT, LLY, GOOGL
Q3 2025 165$1.0BAAPL, MSFT, AVGO, LLY, ABBV
Q2 2025 154$964.2MMSFT, AAPL, AVGO, LLY, ABBV
Q1 2025 151$898.1MAAPL, MSFT, AVGO, LLY, ABBV
Q4 2024 155$929.8MAAPL, AVGO, MSFT, LLY, PG
Q3 2024 142$878.8MAAPL, MSFT, AVGO, LLY, PG
Q2 2024 142$878.8MAAPL, MSFT, AVGO, LLY, PG
Q1 2024 141$846.6MMSFT, AAPL, AVGO, PG, LLY