LVM Capital Management Ltd.

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q1 2024

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 16, 2024), LVM Capital Management Ltd. reported 142 stock positions worth $878.8 million. Its top holding was Apple (AAPL) at 9.7% of the portfolio, followed by Microsoft (MSFT, 9.2%) and Broadcom (AVGO, 7.1%). Compared with Q1 2024, it opened 13 new positions, sold out of 12, added to 49 and reduced 52. The biggest buy was a new position in Palo Alto Networks (PANW) and the biggest sale Toronto-Dominion Bank (TD, shares −63%).

Most Recent 13F: Q2 2026
Location: PORTAGE, MI
CIK: 0001053054
Portfolio Value: $878.8M (Q2 2024)
SEC Filing: 0001053054-24-000003 ↗ filed Jul 16, 2024

Holdings Value

Holdings 142 stocks · $878.8M


AAPL Apple Inc.	9.69%	404,507	$85.2M	Reduce -2.1%
MSFT Microsoft Corp.	9.15%	180,001	$80.5M	Reduce -2.1%
AVGO Broadcom Inc.	7.15%	39,135	$62.8M	Reduce -3.2%
LLY Eli Lilly & Co.	3.81%	37,028	$33.5M	Reduce -2.1%
PG The Procter & Gamble Co.	3.43%	182,533	$30.1M	Add +0.1%
XOM Exxon Mobil Corp.	3.18%	243,049	$28.0M	Add +0.4%
ABBV Abbvie Inc.	3.05%	156,381	$26.8M	Reduce -1.2%
GOOGL Alphabet Inc. Class A	2.89%	139,403	$25.4M	Reduce -0.3%
DGRW Wisdomtree U.S. Quality Divi	2.60%	293,297	$22.9M	Add +4.0%
JNJ Johnson & Johnson	2.52%	151,260	$22.1M	Add +0.0%
HD Home Depot Inc.	2.31%	59,088	$20.3M	Reduce -0.3%
AXP American Express Co.	2.21%	83,787	$19.4M	Reduce -0.2%
CSCO Cisco Systems Inc.	2.20%	406,444	$19.3M	Reduce -0.9%
MS Morgan Stanley	2.18%	196,837	$19.1M	Reduce -3.7%
AMGN Amgen Inc.	2.14%	60,161	$18.8M	Add +0.5%
AMAT Applied Materials Inc.	2.13%	79,328	$18.7M	Add +0.1%
ICLR Icon PLC	2.10%	58,855	$18.4M	Reduce -0.5%
CVX Chevron Corp.	1.81%	101,778	$15.9M	Add +5.6%
LMT Lockheed Martin Corp.	1.78%	33,531	$15.7M	Add +0.7%
VRTX Vertex Pharmaceuticals Inc.	1.60%	30,013	$14.1M	Reduce -1.3%
NOC Northrop Grumman Corp.	1.54%	31,132	$13.6M	Reduce -0.0%
SYK Stryker Corp.	1.46%	37,814	$12.9M	Reduce -1.9%
IAU iShares Gold Trust	1.43%	285,170	$12.5M	Add +3.7%
SPY SS SPDR S&P 500 ETF Trust-US	1.39%	22,427	$12.2M	Add +0.7%
CRM Salesforce Inc.	1.31%	44,758	$11.5M	Add +2.2%
IDA Idacorp Inc.	1.28%	121,166	$11.3M	Add +0.1%
HSY The Hershey Co.	1.27%	60,750	$11.2M	Reduce -1.4%
KR Kroger Co.	1.26%	222,173	$11.1M	Reduce -1.8%
NVT Nvent Electric PLC	1.22%	139,872	$10.7M	Add +6.6%
HUBB Hubbell Inc.	1.10%	26,530	$9.7M	Add +14.1%
PFE Pfizer Inc.	1.07%	334,605	$9.4M	Reduce -3.2%
DLR Digital Realty Trust Inc.	0.87%	50,146	$7.6M	Reduce -4.5%
WM Waste Management Inc.	0.74%	30,590	$6.5M	No change
PANW Palo Alto Networks Inc.	0.71%	18,470	$6.3M	New
SBUX Starbucks Corp.	0.70%	79,455	$6.2M	Add +6.1%
DGRS Wisdomtree U.S. Smallcap Qua	0.68%	127,733	$6.0M	Add +2.4%
O Realty Income Corp.	0.60%	100,605	$5.3M	Reduce -1.5%
FTNT Fortinet Inc.	0.56%	81,120	$4.9M	New
PEP Pepsico Inc.	0.52%	27,714	$4.6M	Add +3.8%
EOG EOG Resources Inc.	0.50%	34,771	$4.4M	Add +13.7%
MO Altria Group Inc.	0.48%	93,005	$4.2M	Reduce -10.7%
IXUS iShares Core Intl Stock ETF	0.47%	61,620	$4.2M	Add +6.9%
SPTM SS SPDR P S&P 1500 Comp ETF	0.47%	62,709	$4.2M	Reduce -2.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.46%	40,986	$4.1M	Reduce -3.8%
DHS Wisdomtree US High Dividend	0.44%	46,137	$3.9M	Reduce -0.9%
ABT Abbott Laboratories	0.39%	33,184	$3.4M	Reduce -0.7%
SCHD Schwab US DVD Equity ETF	0.35%	39,993	$3.1M	Add +2.0%
SYY Sysco Corp.	0.35%	43,457	$3.1M	Add +0.7%
PM Philip Morris International	0.29%	25,204	$2.6M	Reduce -14.8%
JPM JPMorgan Chase & Co.	0.29%	12,560	$2.5M	Reduce -4.1%
MDT Medtronic PLC	0.29%	31,941	$2.5M	Reduce -9.9%
XLK SS Technology Select Sector	0.26%	10,083	$2.3M	Add +0.7%
TD Toronto-Dominion Bank	0.24%	38,791	$2.1M	Reduce -62.9%
GOOG Alphabet Inc. Class C	0.23%	11,060	$2.0M	Reduce -8.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.22%	11,304	$2.0M	Reduce -0.2%
BRK.B Berkshire Hathaway Inc. Class B	0.21%	4,615	$1.9M	Reduce -0.1%
KO The Coca-Cola Co.	0.21%	28,569	$1.8M	Reduce -5.2%
CMA Comerica Inc.	0.20%	34,307	$1.8M	No change
MRK Merck & Co. Inc.	0.19%	13,311	$1.6M	Add +0.3%
NEE Nextera Energy Inc.	0.18%	21,964	$1.6M	Reduce -36.8%
CASY Casey's General Stores Inc.	0.17%	3,890	$1.5M	No change
INTC Intel Corp.	0.17%	46,817	$1.4M	Add +0.5%
UNH Unitedhealth Group Inc.	0.16%	2,699	$1.4M	No change
GLD SPDR Gold Shares	0.15%	6,125	$1.3M	Add +4.3%
T AT&T Inc.	0.14%	63,665	$1.2M	Add +127.1%
NVDA Nvidia Corp.	0.12%	8,720	$1.1M	Reduce -4.9%
IQLT iShares MSCI International Q	0.12%	26,505	$1.0M	Add +10.8%
IJH iShares Core S&P Midcap ETF	0.12%	17,469	$1.0M	Reduce -0.0%
XLV SS Health Care Select Sector	0.12%	6,985	$1.0M	Reduce -0.2%
COST Costco Wholesale Corp.	0.11%	1,184	$1.0M	Add +167.9%
CTAS Cintas Corp.	0.11%	1,396	$978K	No change
AMZN Amazon.com Inc.	0.11%	4,963	$959K	Reduce -3.9%
MCD McDonald's Corp.	0.10%	3,582	$913K	Add +0.5%
NOBL Proshares S&P 500 Dividend A	0.10%	9,015	$867K	No change
DG Dollar General Corp.	0.10%	6,456	$854K	Reduce -44.5%
RTX RTX Corp.	0.09%	8,291	$832K	Add +2.6%
USB US Bancorp	0.09%	20,724	$823K	New
SMH Vaneck Semiconductor ETF	0.09%	3,125	$815K	Reduce -0.8%
ORCL Oracle Corp.	0.09%	5,734	$810K	Add +16.8%
HON Honeywell International Inc.	0.09%	3,778	$807K	New
FISV Fiserv Inc.	0.09%	5,400	$805K	Reduce -0.5%
PHYS Sprott Physical Gold Trust	0.09%	43,675	$789K	No change
DE Deere & Co.	0.09%	2,100	$785K	No change
AMT American Tower Corp.	0.09%	3,932	$764K	Reduce -9.8%
MMM 3M Co.	0.09%	7,446	$761K	Reduce -1.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.08%	18,733	$745K	Reduce -1.7%
CNI Canadian Natl Railway Co.	0.08%	6,300	$744K	No change
VIG Vanguard Dividend Apprec ETF	0.08%	4,046	$739K	Add +46.0%
IJR iShares Core S&P Small-Cap E	0.08%	6,803	$726K	Reduce -0.2%
MPWR Monolithic Power Systems Inc.	0.08%	839	$689K	New
TRV The Travelers Cos Inc.	0.08%	3,374	$686K	Add +0.5%
CAT Caterpillar Inc.	0.08%	2,025	$675K	Reduce -6.3%
CNP Centerpoint Energy Inc.	0.08%	21,550	$668K	New
PSX Phillips 66	0.08%	4,722	$667K	Add +0.6%
REGN Regeneron Pharmaceuticals	0.08%	629	$661K	New
TMO Thermo Fisher Scientific Inc.	0.07%	1,161	$642K	Add +9.4%
BBY Best Buy Co. Inc.	0.07%	7,515	$633K	New
BRK.A Berkshire Hathaway Inc. Class A	0.07%	1	$612K	No change
KMB Kimberly-Clark Corp.	0.07%	4,425	$612K	Add +7.3%
ADP Automatic Data Processing	0.07%	2,559	$611K	Add +0.6%
IP International Paper Co.	0.07%	14,170	$611K	New
SPDW Ste STR SPDR PT DW Eu ETF	0.07%	16,650	$584K	No change
IWF iShares Russell 1000 Growth	0.07%	1,588	$579K	Add +8.8%
PNC PNC Financial Services Group	0.07%	3,679	$572K	Add +6.8%
AZN Astrazeneca PLC-Spons ADR	0.06%	7,300	$569K	No change
BMY Bristol-Myers Squibb Co.	0.06%	13,550	$563K	No change
ADBE Adobe Inc.	0.06%	956	$531K	New
V Visa Inc. Class A	0.06%	1,967	$516K	Reduce -2.9%
TDIV FT Nasdaq Tech DVD Index FD	0.06%	6,780	$513K	Reduce -0.8%
ETN Eaton Corp. PLC	0.06%	1,602	$502K	Add +1.3%
SRE Sempra	0.06%	6,522	$496K	Add +0.9%
GIS General Mills Inc.	0.06%	7,658	$484K	Reduce -3.8%
CLX Clorox Company	0.05%	3,446	$470K	Add +3.0%
VWO Vanguard Ftse Emerging Marke	0.05%	10,563	$462K	Add +1.1%
VZ Verizon Communications Inc.	0.05%	10,683	$441K	Add +1.2%
VUG Vanguard Mrngstar GR ETF-Sui	0.05%	1,126	$421K	New
DUK Duke Energy Corp.	0.05%	3,955	$396K	No change
BF.B Brown-Forman Corp. Class B	0.04%	8,905	$385K	No change
GNTX Gentex Corp.	0.04%	11,050	$372K	Reduce -18.4%
VOO Vanguard S&P 500 ETF	0.04%	733	$366K	New
META Meta Platforms Inc. Class A	0.04%	705	$355K	No change
XLY SS Consumer Disc Select Sect	0.04%	1,893	$345K	No change
WMT Walmart Inc.	0.04%	5,091	$345K	Add +4.6%
YUM Yum! Brands Inc.	0.04%	2,442	$323K	Add +8.9%
MA Mastercard Inc. Class A	0.04%	710	$313K	Reduce -26.1%
IVV iShares Core S&P 500 ETF	0.04%	571	$312K	No change
CL Colgate-Palmolive Co.	0.04%	3,200	$311K	No change
CHD Church & Dwight Co. Inc.	0.03%	2,864	$297K	No change
SPGI S&P Global Inc.	0.03%	638	$285K	New
FAST Fastenal Co.	0.03%	4,517	$284K	Add +0.4%
APD Air Products & Chemicals Inc.	0.03%	1,072	$277K	Add +24.6%
DTH Wisdomtree International Hig	0.03%	6,280	$241K	Reduce -5.3%
GD General Dynamics Corp.	0.03%	779	$226K	Add +0.5%
K Kellanova	0.02%	3,600	$208K	No change
BA The Boeing Co.	0.02%	1,133	$206K	No change
EES Wisdomtree US Smallcap Fund	0.02%	4,310	$203K	Reduce -1.2%
ATOS Atossa Therapeutics Inc.	0.00%	21,000	$25K	No change
VXRT Vaxart Inc.	0.00%	12,500	$8K	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
WEBB INTERACT SERVICES	0.00%	303,575	$0	No change

Portfolio Sells Q1 2024 → Q2 2024


TD Toronto-Dominion Bank	Reduce -62.9%	0.24%	−0.50
HD Home Depot Inc.	Reduce -0.3%	2.31%	−0.37
ABBV Abbvie Inc.	Reduce -1.2%	3.05%	−0.35
KR Kroger Co.	Reduce -1.8%	1.26%	−0.26
ICLR Icon PLC	Reduce -0.5%	2.10%	−0.25
CSCO Cisco Systems Inc.	Reduce -0.9%	2.20%	−0.22
NOC Northrop Grumman Corp.	Reduce -0.0%	1.54%	−0.22
SYK Stryker Corp.	Reduce -1.9%	1.46%	−0.17
DIS The Walt Disney Co.	Reduce -3.8%	0.46%	−0.15
HSY The Hershey Co.	Reduce -1.4%	1.27%	−0.14
LOW Lowe's Cos Inc.	Sold out	0.00%	−0.12
EMR Emerson Electric Co.	Sold out	0.00%	−0.12
DG Dollar General Corp.	Reduce -44.5%	0.10%	−0.12
VLO Valero Energy Corp.	Sold out	0.00%	−0.11
FIS Fidelity National Info Serv	Sold out	0.00%	−0.10
IQV Iqvia Holdings Inc.	Sold out	0.00%	−0.10
MS Morgan Stanley	Reduce -3.7%	2.18%	−0.10
CF CF Industries Holdings Inc.	Sold out	0.00%	−0.09
LYV Live Nation Entertainment Inc.	Sold out	0.00%	−0.09
SMCI Super Micro Computer Inc.	Sold out	0.00%	−0.09
NEE Nextera Energy Inc.	Reduce -36.8%	0.18%	−0.09
MDT Medtronic PLC	Reduce -9.9%	0.29%	−0.08
PFE Pfizer Inc.	Reduce -3.2%	1.07%	−0.07
ABT Abbott Laboratories	Reduce -0.7%	0.39%	−0.06
MO Altria Group Inc.	Reduce -10.7%	0.48%	−0.05
AXP American Express Co.	Reduce -0.2%	2.21%	−0.05
O Realty Income Corp.	Reduce -1.5%	0.60%	−0.05
TSLA Tesla Inc.	Sold out	0.00%	−0.03
IBM Intl Business Machines Corp.	Reduce -0.2%	0.22%	−0.03
DHS Wisdomtree US High Dividend	Reduce -0.9%	0.44%	−0.03
PM Philip Morris International	Reduce -14.8%	0.29%	−0.03
DLR Digital Realty Trust Inc.	Reduce -4.5%	0.87%	−0.03
UVV Universal Corp.	Sold out	0.00%	−0.02
CVS CVS Health Corp.	Sold out	0.00%	−0.02
JPM JPMorgan Chase & Co.	Reduce -4.1%	0.29%	−0.02
MA Mastercard Inc. Class A	Reduce -26.1%	0.04%	−0.02
CAT Caterpillar Inc.	Reduce -6.3%	0.08%	−0.02
BRK.B Berkshire Hathaway Inc. Class B	Reduce -0.1%	0.21%	−0.02
GNTX Gentex Corp.	Reduce -18.4%	0.04%	−0.02
AMT American Tower Corp.	Reduce -9.8%	0.09%	−0.01
SPTM SS SPDR P S&P 1500 Comp ETF	Reduce -2.3%	0.47%	−0.01
KO The Coca-Cola Co.	Reduce -5.2%	0.21%	−0.01
FISV Fiserv Inc.	Reduce -0.5%	0.09%	−0.01
GIS General Mills Inc.	Reduce -3.8%	0.06%	−0.01
IJH iShares Core S&P Midcap ETF	Reduce -0.0%	0.12%	−0.01
MMM 3M Co.	Reduce -1.8%	0.09%	−0.01
V Visa Inc. Class A	Reduce -2.9%	0.06%	−0.01
IJR iShares Core S&P Small-Cap E	Reduce -0.2%	0.08%	−0.01
XLV SS Health Care Select Sector	Reduce -0.2%	0.12%	−0.01
DTH Wisdomtree International Hig	Reduce -5.3%	0.03%	−0.00

Portfolio Buys Q1 2024 → Q2 2024


PANW Palo Alto Networks Inc.	New	0.71%	+0.71
FTNT Fortinet Inc.	New	0.56%	+0.56
AMAT Applied Materials Inc.	Add +0.1%	2.13%	+0.20
AMGN Amgen Inc.	Add +0.5%	2.14%	+0.13
USB US Bancorp	New	0.09%	+0.09
HON Honeywell International Inc.	New	0.09%	+0.09
T AT&T Inc.	Add +127.1%	0.14%	+0.08
MPWR Monolithic Power Systems Inc.	New	0.08%	+0.08
COST Costco Wholesale Corp.	Add +167.9%	0.11%	+0.08
CNP Centerpoint Energy Inc.	New	0.08%	+0.08
REGN Regeneron Pharmaceuticals	New	0.08%	+0.08
BBY Best Buy Co. Inc.	New	0.07%	+0.07
IP International Paper Co.	New	0.07%	+0.07
DGRW Wisdomtree U.S. Quality Divi	Add +4.0%	2.60%	+0.07
IAU iShares Gold Trust	Add +3.7%	1.43%	+0.06
ADBE Adobe Inc.	New	0.06%	+0.06
NVT Nvent Electric PLC	Add +6.6%	1.22%	+0.05
VUG Vanguard Mrngstar GR ETF-Sui	New	0.05%	+0.05
VOO Vanguard S&P 500 ETF	New	0.04%	+0.04
EOG EOG Resources Inc.	Add +13.7%	0.50%	+0.04
SPGI S&P Global Inc.	New	0.03%	+0.03
VIG Vanguard Dividend Apprec ETF	Add +46.0%	0.08%	+0.02
ORCL Oracle Corp.	Add +16.8%	0.09%	+0.02
CVX Chevron Corp.	Add +5.6%	1.81%	+0.02
XLK SS Technology Select Sector	Add +0.7%	0.26%	+0.01
SPY SS SPDR S&P 500 ETF Trust-US	Add +0.7%	1.39%	+0.01
IXUS iShares Core Intl Stock ETF	Add +6.9%	0.47%	+0.01
IWF iShares Russell 1000 Growth	Add +8.8%	0.07%	+0.01
GLD SPDR Gold Shares	Add +4.3%	0.15%	+0.01
APD Air Products & Chemicals Inc.	Add +24.6%	0.03%	+0.01
KMB Kimberly-Clark Corp.	Add +7.3%	0.07%	+0.01
IQLT iShares MSCI International Q	Add +10.8%	0.12%	+0.01
WMT Walmart Inc.	Add +4.6%	0.04%	+0.00
RTX RTX Corp.	Add +2.6%	0.09%	+0.00
SRE Sempra	Add +0.9%	0.06%	+0.00
VWO Vanguard Ftse Emerging Marke	Add +1.1%	0.05%	+0.00
TMO Thermo Fisher Scientific Inc.	Add +9.4%	0.07%	+0.00
YUM Yum! Brands Inc.	Add +8.9%	0.04%	0.00
GD General Dynamics Corp.	Add +0.5%	0.03%	−0.00
PNC PNC Financial Services Group	Add +6.8%	0.07%	−0.00
ETN Eaton Corp. PLC	Add +1.3%	0.06%	−0.00
VZ Verizon Communications Inc.	Add +1.2%	0.05%	−0.00
ADP Automatic Data Processing	Add +0.6%	0.07%	−0.01
CLX Clorox Company	Add +3.0%	0.05%	−0.01
LMT Lockheed Martin Corp.	Add +0.7%	1.78%	−0.01
FAST Fastenal Co.	Add +0.4%	0.03%	−0.01
TRV The Travelers Cos Inc.	Add +0.5%	0.08%	−0.01
MCD McDonald's Corp.	Add +0.5%	0.10%	−0.01
PSX Phillips 66	Add +0.6%	0.08%	−0.01
MRK Merck & Co. Inc.	Add +0.3%	0.19%	−0.02

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