LVM Capital Management Ltd.

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

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%
SRE Sempra	0.06%	6,677	$586K	Add +2.4%
OMC Omnicom Group	0.06%	6,795	$585K	New
INTC Intel Corp.	0.06%	28,789	$577K	Reduce -38.5%
SPDW Ste STR SPDR PT DW Eu ETF	0.06%	16,650	$568K	No change
COST Costco Wholesale Corp.	0.06%	612	$561K	Reduce -48.3%
ETN Eaton Corp. PLC	0.06%	1,643	$545K	Add +2.6%
IVV iShares Core S&P 500 ETF	0.06%	903	$532K	Add +58.1%
WYNN WYNN Resorts Ltd.	0.06%	6,170	$532K	New
CLX Clorox Company	0.06%	3,266	$530K	Reduce -5.2%
PSX Phillips 66	0.06%	4,645	$529K	Reduce -1.6%
TDIV FT Nasdaq Tech DVD Index FD	0.06%	6,725	$528K	Reduce -0.8%
MTD Mettler-Toledo International	0.05%	407	$498K	New
VZ Verizon Communications Inc.	0.05%	12,240	$489K	Add +14.6%
AZN Astrazeneca PLC-Spons ADR	0.05%	7,411	$486K	Add +1.5%
META Meta Platforms Inc. Class A	0.05%	796	$466K	Add +12.9%
DUK Duke Energy Corp.	0.05%	4,312	$465K	Add +9.0%
FCX Freeport-McMoran Inc.	0.05%	12,130	$462K	New
VWO Vanguard Ftse Emerging Marke	0.05%	10,100	$445K	Reduce -4.4%
GIS General Mills Inc.	0.05%	6,685	$426K	Reduce -12.7%
WMT Walmart Inc.	0.04%	4,609	$416K	Reduce -9.5%
XLY SS Consumer Disc Select Sect	0.04%	1,843	$413K	Reduce -2.6%
VOO Vanguard S&P 500 ETF	0.04%	733	$395K	No change
MA Mastercard Inc. Class A	0.04%	713	$375K	Add +0.4%
SPGI S&P Global Inc.	0.04%	707	$352K	Add +10.8%
ADBE Adobe Inc.	0.04%	783	$348K	Reduce -18.1%
VUG Vanguard Mrngstar GR ETF-Sui	0.04%	838	$344K	Reduce -25.6%
BF.B Brown-Forman Corp. Class B	0.04%	8,905	$338K	No change
APD Air Products & Chemicals Inc.	0.04%	1,132	$328K	Add +5.6%
YUM Yum! Brands Inc.	0.04%	2,442	$328K	No change
FAST Fastenal Co.	0.03%	4,500	$324K	Reduce -0.4%
GNTX Gentex Corp.	0.03%	11,050	$317K	No change
CHD Church & Dwight Co. Inc.	0.03%	2,864	$300K	No change
K Kellanova	0.03%	3,600	$291K	No change
CL Colgate-Palmolive Co.	0.03%	3,184	$289K	Reduce -0.5%
CDNS Cadence Design SYS Inc.	0.03%	935	$281K	New
DG Dollar General Corp.	0.03%	3,465	$263K	Reduce -46.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.03%	2,068	$250K	New
BX Blackstone Inc.	0.03%	1,443	$249K	New
USB US Bancorp	0.03%	5,116	$245K	Reduce -75.3%
EES Wisdomtree US Smallcap Fund	0.02%	4,241	$229K	Reduce -1.6%
TXN Texas Instruments Inc.	0.02%	1,193	$224K	New
PH Parker Hannifin Corp.	0.02%	349	$222K	New
DTH Wisdomtree International Hig	0.02%	5,880	$222K	Reduce -6.4%
BLK BlackRock Finance Inc.	0.02%	215	$220K	New
VTI VG Morningstar TS MKT ETF-US	0.02%	730	$211K	New
EMR Emerson Electric Co.	0.02%	1,689	$209K	New
GD General Dynamics Corp.	0.02%	775	$204K	Reduce -0.5%
TT Trane Technologies PLC	0.02%	550	$203K	New
USMV iShares MSCI USA Min Vol Fac	0.02%	2,280	$202K	New
ATOS Atossa Therapeutics Inc.	0.00%	21,000	$20K	No change
VXRT Vaxart Inc.	0.00%	25,000	$17K	Add +100.0%
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 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