LVM Capital Management Ltd.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 8, 2025), LVM Capital Management Ltd. reported 151 stock positions worth $898.1 million. Its top holding was Apple (AAPL) at 9.7% of the portfolio, followed by Microsoft (MSFT, 7.4%) and Broadcom (AVGO, 5.2%). Compared with Q4 2024, it opened 10 new positions, sold out of 14, added to 30 and reduced 60. The biggest buy was JPMorgan Chase (JPM, shares +324%) and the biggest sale Broadcom (AVGO, shares −17%).

Most Recent 13F
Q2 2026
Location
PORTAGE, MI
CIK
0001053054
Portfolio Value
$898.1M (Q1 2025)
SEC Filing
0001053054-25-000004 ↗ filed Apr 8, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $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 $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 151 stocks · $898.1M
AAPL Apple Inc. 9.67% 390,913 $86.8M Reduce -0.9%
MSFT Microsoft Corp. 7.43% 177,865 $66.8M Reduce -0.2%
AVGO Broadcom Inc. 5.20% 278,939 $46.7M Reduce -17.5%
LLY Eli Lilly & Co. 4.56% 49,570 $40.9M Add +2.1%
ABBV Abbvie Inc. 3.88% 166,127 $34.8M Add +1.8%
PG The Procter & Gamble Co. 3.46% 182,099 $31.0M Reduce -0.1%
XOM Exxon Mobil Corp. 3.29% 248,349 $29.5M Add +0.4%
JNJ Johnson & Johnson 2.74% 148,179 $24.6M Reduce -0.9%
CSCO Cisco Systems Inc. 2.72% 395,991 $24.4M Reduce -0.7%
DGRW Wisdomtree U.S. Quality Divi 2.63% 296,053 $23.6M Add +1.0%
AXP American Express Co. 2.58% 86,151 $23.2M Reduce -0.2%
MS Morgan Stanley 2.56% 197,173 $23.0M Add +0.6%
GOOGL Alphabet Inc. Class A 2.47% 143,385 $22.2M Add +3.9%
HD Home Depot Inc. 2.22% 54,324 $19.9M Reduce -4.0%
IAU iShares Gold Trust 1.93% 293,826 $17.3M Add +1.2%
NOC Northrop Grumman Corp. 1.90% 33,248 $17.0M Add +2.0%
LMT Lockheed Martin Corp. 1.69% 33,890 $15.1M Reduce -1.4%
VRTX Vertex Pharmaceuticals Inc. 1.61% 29,913 $14.5M Reduce -1.6%
IDA Idacorp Inc. 1.59% 122,982 $14.3M Add +1.9%
KR Kroger Co. 1.56% 206,341 $14.0M Reduce -2.4%
SYK Stryker Corp. 1.54% 37,195 $13.8M Reduce -0.2%
JPM JPMorgan Chase & Co. 1.46% 53,353 $13.1M Add +324.0%
CRM Salesforce Inc. 1.39% 46,681 $12.5M Add +0.9%
AMAT Applied Materials Inc. 1.32% 81,938 $11.9M Add +0.9%
SPY SS SPDR S&P 500 ETF Trust-US 1.32% 21,222 $11.9M Reduce -1.5%
EOG EOG Resources Inc. 1.24% 86,992 $11.2M Add +6.4%
ICLR Icon PLC 1.10% 56,699 $9.9M Reduce -3.4%
HUBB Hubbell Inc. 1.09% 29,495 $9.8M Add +7.2%
AMGN Amgen Inc. 1.07% 30,971 $9.6M Reduce -23.9%
IQLT iShares MSCI International Q 0.99% 224,235 $8.9M Add +3.9%
NVDA Nvidia Corp. 0.98% 81,413 $8.8M Add +996.5%
CVX Chevron Corp. 0.96% 51,603 $8.6M Reduce -15.7%
FTNT Fortinet Inc. 0.96% 89,214 $8.6M Reduce -0.7%
NVT Nvent Electric PLC 0.92% 158,290 $8.3M Add +4.7%
PANW Palo Alto Networks Inc. 0.89% 47,043 $8.0M Add +3.4%
PFE Pfizer Inc. 0.88% 313,284 $7.9M Add +8.8%
WM Waste Management Inc. 0.79% 30,758 $7.1M No change
DLR Digital Realty Trust Inc. 0.76% 47,393 $6.8M Reduce -2.5%
DGRS Wisdomtree U.S. Smallcap Qua 0.71% 136,317 $6.3M Add +0.9%
MO Altria Group Inc. 0.58% 87,194 $5.2M Reduce -2.5%
SBUX Starbucks Corp. 0.56% 51,270 $5.0M Reduce -5.6%
EMXC iShares MSCI Emr MRK Ex Chna 0.55% 89,900 $5.0M Add +8.9%
O Realty Income Corp. 0.49% 76,265 $4.4M Reduce -7.0%
IXUS iShares Core Intl Stock ETF 0.46% 59,511 $4.2M Reduce -7.4%
SPTM SS SPDR P S&P 1500 Comp ETF 0.46% 60,923 $4.1M Add +2.8%
PEP Pepsico Inc. 0.45% 26,933 $4.0M Reduce -2.7%
ABT Abbott Laboratories 0.45% 30,132 $4.0M Reduce -4.3%
DHS Wisdomtree US High Dividend 0.44% 39,735 $3.9M Reduce -10.2%
PM Philip Morris International 0.43% 24,611 $3.9M Reduce -2.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.42% 38,044 $3.8M Add +3.6%
SCHD Schwab US DVD Equity ETF 0.40% 127,606 $3.6M Add +3.7%
HSY The Hershey Co. 0.37% 19,315 $3.3M Reduce -13.4%
SYY Sysco Corp. 0.34% 40,683 $3.1M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.32% 11,700 $2.9M Reduce -2.4%
BRK.B Berkshire Hathaway Inc. Class B 0.27% 4,610 $2.5M No change
KO The Coca-Cola Co. 0.23% 28,470 $2.0M Reduce 0.0%
XLK SS Technology Select Sector 0.22% 9,376 $1.9M Reduce -3.5%
GLD SPDR Gold Shares 0.20% 6,325 $1.8M No change
MMM 3M Co. 0.19% 11,844 $1.7M Add +69.0%
CMA Comerica Inc. 0.19% 29,307 $1.7M No change
GOOG Alphabet Inc. Class C 0.19% 11,072 $1.7M No change
CASY Casey's General Stores Inc. 0.19% 3,890 $1.7M No change
NEE Nextera Energy Inc. 0.18% 22,192 $1.6M No change
UNH Unitedhealth Group Inc. 0.16% 2,758 $1.4M No change
MDT Medtronic PLC 0.15% 15,301 $1.4M Reduce -15.5%
TD Toronto-Dominion Bank 0.14% 20,281 $1.2M Reduce -25.4%
FISV Fiserv Inc. 0.13% 5,400 $1.2M No change
MRK Merck & Co. Inc. 0.13% 12,580 $1.1M Reduce -2.3%
CTAS Cintas Corp. 0.13% 5,482 $1.1M No change
XLV SS Health Care Select Sector 0.12% 7,687 $1.1M Add +0.8%
AMZN Amazon.com Inc. 0.12% 5,673 $1.1M Reduce -1.8%
PHYS Sprott Physical Gold Trust 0.12% 43,675 $1.1M No change
MCD McDonald's Corp. 0.12% 3,315 $1.0M Reduce -0.3%
DE Deere & Co. 0.12% 2,200 $1.0M Reduce -5.7%
RTX RTX Corp. 0.11% 7,727 $1.0M No change
IJH iShares Core S&P Midcap ETF 0.11% 16,982 $991K Reduce -0.3%
TRV The Travelers Cos Inc. 0.10% 3,251 $860K Reduce -0.1%
BMY Bristol-Myers Squibb Co. 0.09% 13,900 $848K Reduce -1.1%
NOBL Proshares S&P 500 Dividend A 0.09% 8,015 $819K No change
AMT American Tower Corp. 0.09% 3,682 $801K Reduce -5.2%
BRK.A Berkshire Hathaway Inc. Class A 0.09% 1 $798K No change
T AT&T Inc. 0.09% 28,154 $796K Reduce -7.5%
ADP Automatic Data Processing 0.09% 2,559 $782K No change
VIG Vanguard Dividend Apprec ETF 0.09% 4,024 $781K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.09% 18,333 $765K Reduce -1.1%
V Visa Inc. Class A 0.08% 2,143 $751K No change
CAT Caterpillar Inc. 0.08% 2,271 $749K Reduce -11.0%
ORCL Oracle Corp. 0.08% 5,261 $736K Reduce -0.9%
EQT Eqt Corp. 0.08% 13,249 $708K New
IJR iShares Core S&P Small-Cap E 0.08% 6,753 $706K Reduce -0.7%
KMB Kimberly-Clark Corp. 0.08% 4,929 $701K No change
NRG NRG Energy Inc. 0.07% 7,058 $674K Add +3.4%
SMH Vaneck Semiconductor ETF 0.07% 3,090 $653K Reduce -1.1%
CNI Canadian Natl Railway Co. 0.07% 6,300 $614K No change
ULTA Ulta Beauty Inc. 0.07% 1,640 $601K New
MTD Mettler-Toledo International 0.07% 503 $594K Add +23.6%
TMO Thermo Fisher Scientific Inc. 0.06% 1,164 $579K No change
PNC PNC Financial Services Group 0.06% 3,267 $574K No change
PSX Phillips 66 0.06% 4,645 $574K No change
COST Costco Wholesale Corp. 0.06% 590 $558K Reduce -3.6%

Show all 151 holdings

Portfolio Sells Q4 2024 → Q1 2025
AVGO Broadcom Inc. Reduce -17.5% 5.20% −3.23
AAPL Apple Inc. Reduce -0.9% 9.67% −0.96
MSFT Microsoft Corp. Reduce -0.2% 7.43% −0.64
ICLR Icon PLC Reduce -3.4% 1.10% −0.22
AXP American Express Co. Reduce -0.2% 2.58% −0.18
DLR Digital Realty Trust Inc. Reduce -2.5% 0.76% −0.17
HD Home Depot Inc. Reduce -4.0% 2.22% −0.15
UAL United Airlines Holdings Inc. Sold out 0.00% −0.11
LMT Lockheed Martin Corp. Reduce -1.4% 1.69% −0.11
OKE Oneok Inc. Sold out 0.00% −0.07
ZBRA Zebra Technologies Corp. Class A Sold out 0.00% −0.07
AMGN Amgen Inc. Reduce -23.9% 1.07% −0.07
OMC Omnicom Group Sold out 0.00% −0.06
WYNN WYNN Resorts Ltd. Sold out 0.00% −0.06
FCX Freeport-McMoran Inc. Sold out 0.00% −0.05
HSY The Hershey Co. Reduce -13.4% 0.37% −0.04
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.5% 1.32% −0.04
DG Dollar General Corp. Sold out 0.00% −0.03
XLK SS Technology Select Sector Reduce -3.5% 0.22% −0.03
BX Blackstone Inc. Sold out 0.00% −0.03
USB US Bancorp Sold out 0.00% −0.03
PH Parker Hannifin Corp. Sold out 0.00% −0.02
VTI VG Morningstar TS MKT ETF-US Sold out 0.00% −0.02
EMR Emerson Electric Co. Sold out 0.00% −0.02
GD General Dynamics Corp. Sold out 0.00% −0.02
TT Trane Technologies PLC Sold out 0.00% −0.02
TD Toronto-Dominion Bank Reduce -25.4% 0.14% −0.02
CAT Caterpillar Inc. Reduce -11.0% 0.08% −0.02
AMZN Amazon.com Inc. Reduce -1.8% 0.12% −0.02
ORCL Oracle Corp. Reduce -0.9% 0.08% −0.01
MRK Merck & Co. Inc. Reduce -2.3% 0.13% −0.01
VOO Vanguard S&P 500 ETF Reduce -21.1% 0.03% −0.01
SMH Vaneck Semiconductor ETF Reduce -1.1% 0.07% −0.01
IJR iShares Core S&P Small-Cap E Reduce -0.7% 0.08% −0.01
DHS Wisdomtree US High Dividend Reduce -10.2% 0.44% −0.01
ADBE Adobe Inc. Reduce -3.2% 0.03% −0.01
TDIV FT Nasdaq Tech DVD Index FD Reduce -5.6% 0.05% −0.00
CDNS Cadence Design SYS Inc. Reduce -1.1% 0.03% −0.00
IJH iShares Core S&P Midcap ETF Reduce -0.3% 0.11% −0.00
VUG Vanguard Mrngstar GR ETF-Sui Reduce -2.4% 0.03% −0.00
PEP Pepsico Inc. Reduce -2.7% 0.45% −0.00
INTC Intel Corp. Reduce -18.8% 0.06% −0.00
BAC Bank of America Corp. Reduce -1.1% 0.09% −0.00
MDT Medtronic PLC Reduce -15.5% 0.15% −0.00
GIS General Mills Inc. Reduce -0.7% 0.04% −0.00
WMT Walmart Inc. Reduce -0.5% 0.04% 0.00
SPDW Ste STR SPDR PT DW Eu ETF Reduce -9.3% 0.06% +0.00
DTH Wisdomtree International Hig Reduce -9.3% 0.03% +0.00
VWO Vanguard Ftse Emerging Marke Reduce -2.6% 0.05% +0.00
COST Costco Wholesale Corp. Reduce -3.6% 0.06% +0.00

Portfolio Buys Q4 2024 → Q1 2025
JPM JPMorgan Chase & Co. Add +324.0% 1.46% +1.13
NVDA Nvidia Corp. Add +996.5% 0.98% +0.88
ABBV Abbvie Inc. Add +1.8% 3.88% +0.76
LLY Eli Lilly & Co. Add +2.1% 4.56% +0.53
XOM Exxon Mobil Corp. Add +0.4% 3.29% +0.43
IAU iShares Gold Trust Add +1.2% 1.93% +0.38
NOC Northrop Grumman Corp. Add +2.0% 1.90% +0.25
IDA Idacorp Inc. Add +1.9% 1.59% +0.17
EOG EOG Resources Inc. Add +6.4% 1.24% +0.16
IQLT iShares MSCI International Q Add +3.9% 0.99% +0.13
MMM 3M Co. Add +69.0% 0.19% +0.10
DGRW Wisdomtree U.S. Quality Divi Add +1.0% 2.63% +0.08
EQT Eqt Corp. New 0.08% +0.08
ULTA Ulta Beauty Inc. New 0.07% +0.07
PFE Pfizer Inc. Add +8.8% 0.88% +0.06
FMC FMC Corp. New 0.06% +0.06
EMXC iShares MSCI Emr MRK Ex Chna Add +8.9% 0.55% +0.06
TER Teradyne Inc. New 0.05% +0.05
SCHD Schwab US DVD Equity ETF Add +3.7% 0.40% +0.04
AEP American Electric Power New 0.02% +0.02
XNTK SS SPDR Nyse Tech ETF New 0.02% +0.02
EPD Enterprise Products Partners New 0.02% +0.02
DTE DTE Energy Company New 0.02% +0.02
DVY iShares Select Dividend ETF New 0.02% +0.02
DBEF Xtrackers MSCI Eafe Hedged E New 0.02% +0.02
MTD Mettler-Toledo International Add +23.6% 0.07% +0.01
XLV SS Health Care Select Sector Add +0.8% 0.12% +0.01
NRG NRG Energy Inc. Add +3.4% 0.07% +0.01
SPTM SS SPDR P S&P 1500 Comp ETF Add +2.8% 0.46% +0.01
PANW Palo Alto Networks Inc. Add +3.4% 0.89% +0.00
EES Wisdomtree US Smallcap Fund Add +2.7% 0.02% −0.00
TGT Target Corp. Add +14.8% 0.06% −0.01
DIS The Walt Disney Co. Add +3.6% 0.42% −0.02
DGRS Wisdomtree U.S. Smallcap Qua Add +0.9% 0.71% −0.04
MS Morgan Stanley Add +0.6% 2.56% −0.09
AMAT Applied Materials Inc. Add +0.9% 1.32% −0.10
HUBB Hubbell Inc. Add +7.2% 1.09% −0.15
NVT Nvent Electric PLC Add +4.7% 0.92% −0.18
CRM Salesforce Inc. Add +0.9% 1.39% −0.27
GOOGL Alphabet Inc. Class A Add +3.9% 2.47% −0.34

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