LVM Capital Management Ltd.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 10, 2025), LVM Capital Management Ltd. reported 155 stock positions worth $929.8 million. Its top holding was Apple (AAPL) at 10.6% of the portfolio, followed by Broadcom (AVGO, 8.4%) and Microsoft (MSFT, 8.1%). Compared with Q3 2024, it opened 20 new positions, sold out of 7, added to 47 and reduced 68. The biggest buy was Broadcom (AVGO, shares +764%) and the biggest sale Microsoft (MSFT, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- PORTAGE, MI
- CIK
- 0001053054
- Portfolio Value
- $929.8M (Q4 2024)
- SEC Filing
- 0001053054-25-000001 ↗ filed Jan 10, 2025
Holdings Value
Holdings 155 stocks · $929.8M
| AAPL Apple Inc. | 10.62% | 394,482 | $98.8M | Reduce -2.5% |
| AVGO Broadcom Inc. | 8.43% | 337,954 | $78.4M | Add +763.6% |
| MSFT Microsoft Corp. | 8.08% | 178,152 | $75.1M | Reduce -1.0% |
| LLY Eli Lilly & Co. | 4.03% | 48,562 | $37.5M | Add +31.1% |
| PG The Procter & Gamble Co. | 3.29% | 182,299 | $30.6M | Reduce -0.1% |
| ABBV Abbvie Inc. | 3.12% | 163,273 | $29.0M | Add +4.4% |
| XOM Exxon Mobil Corp. | 2.86% | 247,348 | $26.6M | Add +1.8% |
| GOOGL Alphabet Inc. Class A | 2.81% | 137,978 | $26.1M | Reduce -1.0% |
| AXP American Express Co. | 2.76% | 86,344 | $25.6M | Add +3.0% |
| MS Morgan Stanley | 2.65% | 196,009 | $24.6M | Reduce -0.4% |
| DGRW Wisdomtree U.S. Quality Divi | 2.55% | 293,202 | $23.7M | Reduce -0.0% |
| CSCO Cisco Systems Inc. | 2.54% | 398,675 | $23.6M | Reduce -1.9% |
| HD Home Depot Inc. | 2.37% | 56,576 | $22.0M | Reduce -4.3% |
| JNJ Johnson & Johnson | 2.33% | 149,579 | $21.6M | Reduce -1.1% |
| LMT Lockheed Martin Corp. | 1.80% | 34,363 | $16.7M | Add +2.5% |
| CRM Salesforce Inc. | 1.66% | 46,266 | $15.5M | Add +3.4% |
| NOC Northrop Grumman Corp. | 1.65% | 32,602 | $15.3M | Add +4.7% |
| IAU iShares Gold Trust | 1.55% | 290,431 | $14.4M | Add +1.8% |
| SYK Stryker Corp. | 1.44% | 37,260 | $13.4M | Reduce -1.5% |
| AMAT Applied Materials Inc. | 1.42% | 81,220 | $13.2M | Add +2.4% |
| IDA Idacorp Inc. | 1.42% | 120,742 | $13.2M | Reduce -0.3% |
| KR Kroger Co. | 1.39% | 211,471 | $12.9M | Reduce -4.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.36% | 21,552 | $12.6M | Reduce -3.9% |
| ICLR Icon PLC | 1.32% | 58,717 | $12.3M | Reduce -0.2% |
| VRTX Vertex Pharmaceuticals Inc. | 1.32% | 30,383 | $12.2M | Add +1.2% |
| HUBB Hubbell Inc. | 1.24% | 27,506 | $11.5M | Add +3.7% |
| AMGN Amgen Inc. | 1.14% | 40,671 | $10.6M | Reduce -32.4% |
| NVT Nvent Electric PLC | 1.11% | 151,221 | $10.3M | Add +8.1% |
| EOG EOG Resources Inc. | 1.08% | 81,762 | $10.0M | Add +135.1% |
| CVX Chevron Corp. | 0.95% | 61,210 | $8.9M | Reduce -39.9% |
| DLR Digital Realty Trust Inc. | 0.93% | 48,625 | $8.6M | Reduce -3.0% |
| FTNT Fortinet Inc. | 0.91% | 89,827 | $8.5M | Add +10.7% |
| PANW Palo Alto Networks Inc. | 0.89% | 45,493 | $8.3M | Add +23.1% |
| IQLT iShares MSCI International Q | 0.86% | 215,778 | $8.0M | Add +714.1% |
| PFE Pfizer Inc. | 0.82% | 288,049 | $7.6M | Reduce -13.9% |
| DGRS Wisdomtree U.S. Smallcap Qua | 0.74% | 135,035 | $6.9M | Add +5.7% |
| WM Waste Management Inc. | 0.67% | 30,758 | $6.2M | Add +0.6% |
| SBUX Starbucks Corp. | 0.53% | 54,290 | $5.0M | Reduce -31.7% |
| MO Altria Group Inc. | 0.50% | 89,414 | $4.7M | Reduce -3.9% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.49% | 82,516 | $4.6M | New |
| O Realty Income Corp. | 0.47% | 82,042 | $4.4M | Reduce -18.4% |
| IXUS iShares Core Intl Stock ETF | 0.46% | 64,266 | $4.3M | Add +4.3% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.46% | 59,243 | $4.2M | Reduce -5.5% |
| PEP Pepsico Inc. | 0.45% | 27,683 | $4.2M | Reduce -0.1% |
| DHS Wisdomtree US High Dividend | 0.44% | 44,229 | $4.1M | Reduce -4.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.44% | 36,721 | $4.1M | Reduce -10.4% |
| HSY The Hershey Co. | 0.41% | 22,315 | $3.8M | Reduce -63.3% |
| ABT Abbott Laboratories | 0.38% | 31,479 | $3.6M | Reduce -5.1% |
| SCHD Schwab US DVD Equity ETF | 0.36% | 123,036 | $3.4M | Add +2.5% |
| SYY Sysco Corp. | 0.33% | 40,683 | $3.1M | Reduce -6.4% |
| PM Philip Morris International | 0.33% | 25,111 | $3.0M | Reduce -0.4% |
| JPM JPMorgan Chase & Co. | 0.32% | 12,584 | $3.0M | Add +0.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.28% | 11,982 | $2.6M | Add +6.0% |
| XLK SS Technology Select Sector | 0.24% | 9,720 | $2.3M | Reduce -3.6% |
| GOOG Alphabet Inc. Class C | 0.23% | 11,072 | $2.1M | Add +0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.22% | 4,610 | $2.1M | Reduce -0.1% |
| CMA Comerica Inc. | 0.20% | 29,307 | $1.8M | Reduce -14.6% |
| KO The Coca-Cola Co. | 0.19% | 28,471 | $1.8M | Reduce -0.3% |
| NEE Nextera Energy Inc. | 0.17% | 22,192 | $1.6M | Add +1.0% |
| CASY Casey's General Stores Inc. | 0.17% | 3,890 | $1.5M | No change |
| GLD SPDR Gold Shares | 0.16% | 6,325 | $1.5M | Add +3.3% |
| TD Toronto-Dominion Bank | 0.16% | 27,181 | $1.4M | Reduce -29.9% |
| MDT Medtronic PLC | 0.16% | 18,103 | $1.4M | Reduce -43.3% |
| UNH Unitedhealth Group Inc. | 0.15% | 2,758 | $1.4M | Add +2.2% |
| MRK Merck & Co. Inc. | 0.14% | 12,880 | $1.3M | Reduce -3.2% |
| AMZN Amazon.com Inc. | 0.14% | 5,776 | $1.3M | Add +16.4% |
| FISV Fiserv Inc. | 0.12% | 5,400 | $1.1M | No change |
| IJH iShares Core S&P Midcap ETF | 0.11% | 17,032 | $1.1M | Reduce -2.5% |
| XLV SS Health Care Select Sector | 0.11% | 7,622 | $1.0M | Add +9.1% |
| UAL United Airlines Holdings Inc. | 0.11% | 10,605 | $1.0M | New |
| CTAS Cintas Corp. | 0.11% | 5,482 | $1.0M | Add +292.7% |
| NVDA Nvidia Corp. | 0.11% | 7,425 | $997K | Reduce -14.8% |
| DE Deere & Co. | 0.11% | 2,332 | $988K | Add +11.1% |
| MCD McDonald's Corp. | 0.10% | 3,325 | $964K | Reduce -7.2% |
| CAT Caterpillar Inc. | 0.10% | 2,552 | $926K | Add +26.0% |
| MMM 3M Co. | 0.10% | 7,009 | $905K | Reduce -5.9% |
| RTX RTX Corp. | 0.10% | 7,727 | $894K | Reduce -6.8% |
| ORCL Oracle Corp. | 0.10% | 5,311 | $885K | Reduce -7.4% |
| PHYS Sprott Physical Gold Trust | 0.09% | 43,675 | $880K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.09% | 18,533 | $815K | Reduce -1.1% |
| NOBL Proshares S&P 500 Dividend A | 0.09% | 8,015 | $798K | Reduce -11.1% |
| BMY Bristol-Myers Squibb Co. | 0.09% | 14,054 | $795K | Add +3.7% |
| VIG Vanguard Dividend Apprec ETF | 0.08% | 4,024 | $788K | Reduce -0.5% |
| IJR iShares Core S&P Small-Cap E | 0.08% | 6,803 | $784K | No change |
| TRV The Travelers Cos Inc. | 0.08% | 3,256 | $784K | Reduce -3.5% |
| SMH Vaneck Semiconductor ETF | 0.08% | 3,125 | $757K | No change |
| ADP Automatic Data Processing | 0.08% | 2,559 | $749K | No change |
| AMT American Tower Corp. | 0.08% | 3,882 | $712K | Reduce -1.3% |
| T AT&T Inc. | 0.07% | 30,424 | $693K | Reduce -52.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.07% | 1 | $681K | No change |
| OKE Oneok Inc. | 0.07% | 6,765 | $679K | New |
| V Visa Inc. Class A | 0.07% | 2,143 | $677K | Add +8.9% |
| KMB Kimberly-Clark Corp. | 0.07% | 4,929 | $646K | Add +11.4% |
| ZBRA Zebra Technologies Corp. Class A | 0.07% | 1,665 | $643K | New |
| CNI Canadian Natl Railway Co. | 0.07% | 6,300 | $640K | No change |
| PNC PNC Financial Services Group | 0.07% | 3,267 | $630K | Reduce -11.2% |
| NRG NRG Energy Inc. | 0.07% | 6,823 | $616K | New |
| TMO Thermo Fisher Scientific Inc. | 0.07% | 1,164 | $606K | Add +0.3% |
| TGT Target Corp. | 0.06% | 4,404 | $595K | New |
| IWF iShares Russell 1000 Growth | 0.06% | 1,465 | $588K | Reduce -7.8% |
Portfolio Sells Q3 2024 → Q4 2024
| MSFT Microsoft Corp. | Reduce -1.0% | 8.08% | −1.08 |
| AMGN Amgen Inc. | Reduce -32.4% | 1.14% | −1.00 |
| HSY The Hershey Co. | Reduce -63.3% | 0.41% | −0.86 |
| CVX Chevron Corp. | Reduce -39.9% | 0.95% | −0.86 |
| ICLR Icon PLC | Reduce -0.2% | 1.32% | −0.78 |
| PFE Pfizer Inc. | Reduce -13.9% | 0.82% | −0.24 |
| JNJ Johnson & Johnson | Reduce -1.1% | 2.33% | −0.19 |
| SBUX Starbucks Corp. | Reduce -31.7% | 0.53% | −0.17 |
| PG The Procter & Gamble Co. | Reduce -0.1% | 3.29% | −0.14 |
| O Realty Income Corp. | Reduce -18.4% | 0.47% | −0.13 |
| MDT Medtronic PLC | Reduce -43.3% | 0.16% | −0.13 |
| INTC Intel Corp. | Reduce -38.5% | 0.06% | −0.10 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.09 |
| TD Toronto-Dominion Bank | Reduce -29.9% | 0.16% | −0.09 |
| GOOGL Alphabet Inc. Class A | Reduce -1.0% | 2.81% | −0.08 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −0.08 |
| CNP Centerpoint Energy Inc. | Sold out | 0.00% | −0.08 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.08 |
| BBY Best Buy Co. Inc. | Sold out | 0.00% | −0.07 |
| IP International Paper Co. | Sold out | 0.00% | −0.07 |
| DG Dollar General Corp. | Reduce -46.3% | 0.03% | −0.07 |
| PEP Pepsico Inc. | Reduce -0.1% | 0.45% | −0.07 |
| USB US Bancorp | Reduce -75.3% | 0.03% | −0.07 |
| T AT&T Inc. | Reduce -52.2% | 0.07% | −0.06 |
| COST Costco Wholesale Corp. | Reduce -48.3% | 0.06% | −0.05 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -0.0% | 2.55% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -3.2% | 0.14% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.9% | 1.36% | −0.03 |
| BA The Boeing Co. | Sold out | 0.00% | −0.02 |
| DIS The Walt Disney Co. | Reduce -10.4% | 0.44% | −0.02 |
| ADBE Adobe Inc. | Reduce -18.1% | 0.04% | −0.02 |
| SYK Stryker Corp. | Reduce -1.5% | 1.44% | −0.02 |
| PSX Phillips 66 | Reduce -1.6% | 0.06% | −0.02 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -5.5% | 0.46% | −0.02 |
| SYY Sysco Corp. | Reduce -6.4% | 0.33% | −0.02 |
| XLK SS Technology Select Sector | Reduce -3.6% | 0.24% | −0.02 |
| KO The Coca-Cola Co. | Reduce -0.3% | 0.19% | −0.02 |
| NVDA Nvidia Corp. | Reduce -14.8% | 0.11% | −0.02 |
| NOBL Proshares S&P 500 Dividend A | Reduce -11.1% | 0.09% | −0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -25.6% | 0.04% | −0.01 |
| AMT American Tower Corp. | Reduce -1.3% | 0.08% | −0.01 |
| ABT Abbott Laboratories | Reduce -5.1% | 0.38% | −0.01 |
| GIS General Mills Inc. | Reduce -12.7% | 0.05% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Reduce -4.4% | 0.05% | −0.00 |
| CL Colgate-Palmolive Co. | Reduce -0.5% | 0.03% | −0.00 |
| CMA Comerica Inc. | Reduce -14.6% | 0.20% | −0.00 |
| GD General Dynamics Corp. | Reduce -0.5% | 0.02% | −0.00 |
| DTH Wisdomtree International Hig | Reduce -6.4% | 0.02% | −0.00 |
| IWF iShares Russell 1000 Growth | Reduce -7.8% | 0.06% | −0.00 |
| IJH iShares Core S&P Midcap ETF | Reduce -2.5% | 0.11% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| AVGO Broadcom Inc. | Add +763.6% | 8.43% | +1.28 |
| IQLT iShares MSCI International Q | Add +714.1% | 0.86% | +0.74 |
| EOG EOG Resources Inc. | Add +135.1% | 1.08% | +0.58 |
| AXP American Express Co. | Add +3.0% | 2.76% | +0.55 |
| EMXC iShares MSCI Emr MRK Ex Chna | New | 0.49% | +0.49 |
| FTNT Fortinet Inc. | Add +10.7% | 0.91% | +0.36 |
| CRM Salesforce Inc. | Add +3.4% | 1.66% | +0.35 |
| LLY Eli Lilly & Co. | Add +31.1% | 4.03% | +0.22 |
| PANW Palo Alto Networks Inc. | Add +23.1% | 0.89% | +0.18 |
| HUBB Hubbell Inc. | Add +3.7% | 1.24% | +0.14 |
| IAU iShares Gold Trust | Add +1.8% | 1.55% | +0.12 |
| UAL United Airlines Holdings Inc. | New | 0.11% | +0.11 |
| NOC Northrop Grumman Corp. | Add +4.7% | 1.65% | +0.10 |
| OKE Oneok Inc. | New | 0.07% | +0.07 |
| ZBRA Zebra Technologies Corp. Class A | New | 0.07% | +0.07 |
| ABBV Abbvie Inc. | Add +4.4% | 3.12% | +0.07 |
| NRG NRG Energy Inc. | New | 0.07% | +0.07 |
| TGT Target Corp. | New | 0.06% | +0.06 |
| OMC Omnicom Group | New | 0.06% | +0.06 |
| IBM Intl Business Machines Corp. | Add +6.0% | 0.28% | +0.06 |
| DGRS Wisdomtree U.S. Smallcap Qua | Add +5.7% | 0.74% | +0.06 |
| WYNN WYNN Resorts Ltd. | New | 0.06% | +0.06 |
| MTD Mettler-Toledo International | New | 0.05% | +0.05 |
| FCX Freeport-McMoran Inc. | New | 0.05% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +0.2% | 0.32% | +0.04 |
| CDNS Cadence Design SYS Inc. | New | 0.03% | +0.03 |
| AMZN Amazon.com Inc. | Add +16.4% | 0.14% | +0.03 |
| TJX TJX Companies Inc. | New | 0.03% | +0.03 |
| BX Blackstone Inc. | New | 0.03% | +0.03 |
| TXN Texas Instruments Inc. | New | 0.02% | +0.02 |
| PH Parker Hannifin Corp. | New | 0.02% | +0.02 |
| BLK BlackRock Finance Inc. | New | 0.02% | +0.02 |
| CAT Caterpillar Inc. | Add +26.0% | 0.10% | +0.02 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.02% | +0.02 |
| EMR Emerson Electric Co. | New | 0.02% | +0.02 |
| TT Trane Technologies PLC | New | 0.02% | +0.02 |
| IVV iShares Core S&P 500 ETF | Add +58.1% | 0.06% | +0.02 |
| USMV iShares MSCI USA Min Vol Fac | New | 0.02% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Add +3.7% | 0.09% | +0.02 |
| DE Deere & Co. | Add +11.1% | 0.11% | +0.02 |
| GLD SPDR Gold Shares | Add +3.3% | 0.16% | +0.01 |
| V Visa Inc. Class A | Add +8.9% | 0.07% | +0.01 |
| LMT Lockheed Martin Corp. | Add +2.5% | 1.80% | +0.01 |
| META Meta Platforms Inc. Class A | Add +12.9% | 0.05% | +0.01 |
| SCHD Schwab US DVD Equity ETF | Add +2.5% | 0.36% | +0.01 |
| SRE Sempra | Add +2.4% | 0.06% | +0.01 |
| SPGI S&P Global Inc. | Add +10.8% | 0.04% | +0.01 |
| DUK Duke Energy Corp. | Add +9.0% | 0.05% | +0.00 |
| MA Mastercard Inc. Class A | Add +0.4% | 0.04% | +0.00 |
| APD Air Products & Chemicals Inc. | Add +5.6% | 0.04% | +0.00 |
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 |