LVM Capital Management Ltd.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 2, 2025), LVM Capital Management Ltd. reported 154 stock positions worth $964.2 million. Its top holding was Microsoft (MSFT) at 9.0% of the portfolio, followed by Apple (AAPL, 8.2%) and Broadcom (AVGO, 7.7%). Compared with Q1 2025, it opened 14 new positions, sold out of 11, added to 32 and reduced 64. The biggest buy was a new position in Uber Technologies (UBER) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- PORTAGE, MI
- CIK
- 0001053054
- Portfolio Value
- $964.2M (Q2 2025)
- SEC Filing
- 0001053054-25-000005 ↗ filed Jul 2, 2025
Holdings Value
Holdings 154 stocks · $964.2M
| MSFT Microsoft Corp. | 9.02% | 174,910 | $87.0M | Reduce -1.7% |
| AAPL Apple Inc. | 8.24% | 387,208 | $79.4M | Reduce -0.9% |
| AVGO Broadcom Inc. | 7.67% | 268,133 | $73.9M | Reduce -3.9% |
| LLY Eli Lilly & Co. | 4.10% | 50,756 | $39.6M | Add +2.4% |
| ABBV Abbvie Inc. | 3.22% | 167,338 | $31.1M | Add +0.7% |
| PG The Procter & Gamble Co. | 3.01% | 181,955 | $29.0M | Reduce -0.1% |
| MS Morgan Stanley | 2.85% | 195,366 | $27.5M | Reduce -0.9% |
| CSCO Cisco Systems Inc. | 2.84% | 394,230 | $27.4M | Reduce -0.4% |
| XOM Exxon Mobil Corp. | 2.80% | 250,395 | $27.0M | Add +0.8% |
| AXP American Express Co. | 2.76% | 83,460 | $26.6M | Reduce -3.1% |
| GOOGL Alphabet Inc. Class A | 2.57% | 140,673 | $24.8M | Reduce -1.9% |
| DGRW Wisdomtree U.S. Quality Divi | 2.54% | 292,224 | $24.5M | Reduce -1.3% |
| JNJ Johnson & Johnson | 2.33% | 146,821 | $22.4M | Reduce -0.9% |
| HD Home Depot Inc. | 2.07% | 54,329 | $19.9M | Add +0.0% |
| NOC Northrop Grumman Corp. | 2.05% | 39,485 | $19.7M | Add +18.8% |
| IAU iShares Gold Trust | 1.89% | 292,677 | $18.3M | Reduce -0.4% |
| JPM JPMorgan Chase & Co. | 1.66% | 55,356 | $16.0M | Add +3.8% |
| SYK Stryker Corp. | 1.55% | 37,890 | $15.0M | Add +1.9% |
| AMAT Applied Materials Inc. | 1.55% | 81,498 | $14.9M | Reduce -0.5% |
| IDA Idacorp Inc. | 1.50% | 125,257 | $14.5M | Add +1.9% |
| KR Kroger Co. | 1.48% | 199,090 | $14.3M | Reduce -3.5% |
| VRTX Vertex Pharmaceuticals Inc. | 1.39% | 30,070 | $13.4M | Add +0.5% |
| NVDA Nvidia Corp. | 1.37% | 83,632 | $13.2M | Add +2.7% |
| CRM Salesforce Inc. | 1.33% | 47,175 | $12.9M | Add +1.1% |
| HUBB Hubbell Inc. | 1.27% | 29,973 | $12.2M | Add +1.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.26% | 19,588 | $12.1M | Reduce -7.7% |
| NVT Nvent Electric PLC | 1.20% | 158,318 | $11.6M | Add +0.0% |
| EOG EOG Resources Inc. | 1.09% | 88,118 | $10.5M | Add +1.3% |
| IQLT iShares MSCI International Q | 1.08% | 239,889 | $10.4M | Add +7.0% |
| UBER Uber Technologies Inc. | 1.03% | 106,727 | $10.0M | New |
| PANW Palo Alto Networks Inc. | 1.01% | 47,526 | $9.7M | Add +1.0% |
| FTNT Fortinet Inc. | 0.99% | 90,057 | $9.5M | Add +0.9% |
| AMGN Amgen Inc. | 0.89% | 30,621 | $8.6M | Reduce -1.1% |
| DLR Digital Realty Trust Inc. | 0.84% | 46,664 | $8.1M | Reduce -1.5% |
| PFE Pfizer Inc. | 0.81% | 321,855 | $7.8M | Add +2.7% |
| WM Waste Management Inc. | 0.73% | 30,758 | $7.0M | No change |
| CVX Chevron Corp. | 0.72% | 48,788 | $7.0M | Reduce -5.5% |
| DGRS Wisdomtree U.S. Smallcap Qua | 0.67% | 139,379 | $6.5M | Add +2.3% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.66% | 100,599 | $6.4M | Add +11.9% |
| ICLR Icon PLC | 0.61% | 40,603 | $5.9M | Reduce -28.4% |
| MO Altria Group Inc. | 0.52% | 85,919 | $5.0M | Reduce -1.5% |
| LMT Lockheed Martin Corp. | 0.51% | 10,650 | $4.9M | Reduce -68.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.50% | 38,500 | $4.8M | Add +1.2% |
| IXUS iShares Core Intl Stock ETF | 0.47% | 58,436 | $4.5M | Reduce -1.8% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.47% | 60,298 | $4.5M | Reduce -1.0% |
| PM Philip Morris International | 0.46% | 24,566 | $4.5M | Reduce -0.2% |
| SBUX Starbucks Corp. | 0.46% | 47,885 | $4.4M | Reduce -6.6% |
| O Realty Income Corp. | 0.45% | 75,602 | $4.4M | Reduce -0.9% |
| ABT Abbott Laboratories | 0.42% | 29,653 | $4.0M | Reduce -1.6% |
| SCHD Schwab US DVD Equity ETF | 0.39% | 141,025 | $3.7M | Add +10.5% |
| PEP Pepsico Inc. | 0.36% | 26,543 | $3.5M | Reduce -1.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.36% | 11,700 | $3.4M | No change |
| DHS Wisdomtree US High Dividend | 0.34% | 33,667 | $3.2M | Reduce -15.3% |
| HSY The Hershey Co. | 0.32% | 18,625 | $3.1M | Reduce -3.6% |
| SYY Sysco Corp. | 0.32% | 40,633 | $3.1M | Reduce -0.1% |
| XLK SS Technology Select Sector | 0.25% | 9,374 | $2.4M | Reduce -0.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.24% | 4,685 | $2.3M | Add +1.6% |
| GLD SPDR Gold Shares | 0.23% | 7,325 | $2.2M | Add +15.8% |
| KO The Coca-Cola Co. | 0.21% | 28,182 | $2.0M | Reduce -1.0% |
| GOOG Alphabet Inc. Class C | 0.20% | 11,072 | $2.0M | No change |
| CASY Casey's General Stores Inc. | 0.20% | 3,780 | $1.9M | Reduce -2.8% |
| CMA Comerica Inc. | 0.18% | 29,307 | $1.7M | No change |
| NEE Nextera Energy Inc. | 0.16% | 22,192 | $1.5M | No change |
| TD Toronto-Dominion Bank | 0.14% | 18,456 | $1.4M | Reduce -9.0% |
| AMT American Tower Corp. | 0.14% | 5,995 | $1.3M | Add +62.8% |
| T AT&T Inc. | 0.14% | 45,324 | $1.3M | Add +61.0% |
| MDT Medtronic PLC | 0.13% | 14,901 | $1.3M | Reduce -2.6% |
| AMZN Amazon.com Inc. | 0.13% | 5,513 | $1.2M | Reduce -2.8% |
| CTAS Cintas Corp. | 0.12% | 5,238 | $1.2M | Reduce -4.5% |
| ORCL Oracle Corp. | 0.12% | 5,261 | $1.1M | No change |
| XLV SS Health Care Select Sector | 0.12% | 8,434 | $1.1M | Add +9.7% |
| RTX RTX Corp. | 0.12% | 7,677 | $1.1M | Reduce -0.7% |
| PHYS Sprott Physical Gold Trust | 0.11% | 43,675 | $1.1M | No change |
| DE Deere & Co. | 0.11% | 2,175 | $1.1M | Reduce -1.1% |
| MMM 3M Co. | 0.11% | 6,872 | $1.0M | Reduce -42.0% |
| IJH iShares Core S&P Midcap ETF | 0.10% | 16,257 | $1.0M | Reduce -4.3% |
| MRK Merck & Co. Inc. | 0.10% | 12,192 | $965K | Reduce -3.1% |
| MCD McDonald's Corp. | 0.10% | 3,232 | $944K | Reduce -2.5% |
| FISV Fiserv Inc. | 0.09% | 5,250 | $905K | Reduce -2.8% |
| CAT Caterpillar Inc. | 0.09% | 2,246 | $872K | Reduce -1.1% |
| TRV The Travelers Cos Inc. | 0.09% | 3,251 | $870K | No change |
| YUM Yum! Brands Inc. | 0.09% | 5,787 | $858K | Add +137.0% |
| UNH Unitedhealth Group Inc. | 0.09% | 2,747 | $857K | Reduce -0.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.09% | 18,033 | $853K | Reduce -1.6% |
| SMH Vaneck Semiconductor ETF | 0.09% | 2,965 | $827K | Reduce -4.0% |
| VIG Vanguard Dividend Apprec ETF | 0.09% | 4,024 | $824K | No change |
| ADP Automatic Data Processing | 0.08% | 2,559 | $789K | No change |
| V Visa Inc. Class A | 0.08% | 2,118 | $752K | Reduce -1.2% |
| DG Dollar General Corp. | 0.08% | 6,510 | $745K | New |
| IJR iShares Core S&P Small-Cap E | 0.08% | 6,717 | $734K | Reduce -0.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.08% | 1 | $729K | No change |
| XNTK SS SPDR Nyse Tech ETF | 0.07% | 2,799 | $664K | Add +141.7% |
| CNI Canadian Natl Railway Co. | 0.07% | 6,300 | $655K | No change |
| COST Costco Wholesale Corp. | 0.07% | 650 | $643K | Add +10.2% |
| BMY Bristol-Myers Squibb Co. | 0.07% | 13,774 | $638K | Reduce -0.9% |
| IWF iShares Russell 1000 Growth | 0.06% | 1,465 | $622K | No change |
| KMB Kimberly-Clark Corp. | 0.06% | 4,821 | $622K | Reduce -2.2% |
| NEM Newmont Corp. | 0.06% | 10,665 | $621K | New |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.06% | 15,100 | $611K | No change |
| PNC PNC Financial Services Group | 0.06% | 3,267 | $609K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -0.9% | 8.24% | −1.43 |
| LMT Lockheed Martin Corp. | Reduce -68.6% | 0.51% | −1.17 |
| ICLR Icon PLC | Reduce -28.4% | 0.61% | −0.49 |
| PG The Procter & Gamble Co. | Reduce -0.1% | 3.01% | −0.45 |
| JNJ Johnson & Johnson | Reduce -0.9% | 2.33% | −0.41 |
| CVX Chevron Corp. | Reduce -5.5% | 0.72% | −0.24 |
| AMGN Amgen Inc. | Reduce -1.1% | 0.89% | −0.19 |
| SBUX Starbucks Corp. | Reduce -6.6% | 0.46% | −0.10 |
| DHS Wisdomtree US High Dividend | Reduce -15.3% | 0.34% | −0.10 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -1.3% | 2.54% | −0.09 |
| PEP Pepsico Inc. | Reduce -1.4% | 0.36% | −0.09 |
| MMM 3M Co. | Reduce -42.0% | 0.11% | −0.09 |
| NRG NRG Energy Inc. | Sold out | 0.00% | −0.07 |
| KR Kroger Co. | Reduce -3.5% | 1.48% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -0.4% | 0.09% | −0.07 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -7.7% | 1.26% | −0.07 |
| MTD Mettler-Toledo International | Sold out | 0.00% | −0.07 |
| FMC FMC Corp. | Sold out | 0.00% | −0.06 |
| MO Altria Group Inc. | Reduce -1.5% | 0.52% | −0.06 |
| TGT Target Corp. | Sold out | 0.00% | −0.06 |
| TDIV FT Nasdaq Tech DVD Index FD | Sold out | 0.00% | −0.05 |
| HSY The Hershey Co. | Reduce -3.6% | 0.32% | −0.05 |
| TER Teradyne Inc. | Sold out | 0.00% | −0.05 |
| O Realty Income Corp. | Reduce -0.9% | 0.45% | −0.04 |
| FISV Fiserv Inc. | Reduce -2.8% | 0.09% | −0.04 |
| IAU iShares Gold Trust | Reduce -0.4% | 1.89% | −0.04 |
| NOBL Proshares S&P 500 Dividend A | Reduce -29.7% | 0.06% | −0.03 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.9% | 0.07% | −0.03 |
| ABT Abbott Laboratories | Reduce -1.6% | 0.42% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -3.1% | 0.10% | −0.03 |
| AEP American Electric Power | Sold out | 0.00% | −0.02 |
| EPD Enterprise Products Partners | Sold out | 0.00% | −0.02 |
| DTE DTE Energy Company | Sold out | 0.00% | −0.02 |
| DBEF Xtrackers MSCI Eafe Hedged E | Sold out | 0.00% | −0.02 |
| SYY Sysco Corp. | Reduce -0.1% | 0.32% | −0.02 |
| KO The Coca-Cola Co. | Reduce -1.0% | 0.21% | −0.02 |
| MDT Medtronic PLC | Reduce -2.6% | 0.13% | −0.02 |
| MCD McDonald's Corp. | Reduce -2.5% | 0.10% | −0.02 |
| EQT Eqt Corp. | Reduce -22.9% | 0.06% | −0.02 |
| CLX Clorox Company | Reduce -2.9% | 0.04% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -2.2% | 0.06% | −0.01 |
| GIS General Mills Inc. | Reduce -4.7% | 0.03% | −0.01 |
| DUK Duke Energy Corp. | Reduce -0.4% | 0.05% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -4.3% | 0.10% | −0.01 |
| INTC Intel Corp. | Reduce -1.6% | 0.05% | −0.01 |
| V Visa Inc. Class A | Reduce -1.2% | 0.08% | −0.01 |
| CTAS Cintas Corp. | Reduce -4.5% | 0.12% | −0.00 |
| ADBE Adobe Inc. | Reduce -7.9% | 0.03% | −0.00 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.5% | 0.08% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| UBER Uber Technologies Inc. | New | 1.03% | +1.03 |
| NVDA Nvidia Corp. | Add +2.7% | 1.37% | +0.39 |
| NVT Nvent Electric PLC | Add +0.0% | 1.20% | +0.28 |
| JPM JPMorgan Chase & Co. | Add +3.8% | 1.66% | +0.21 |
| HUBB Hubbell Inc. | Add +1.6% | 1.27% | +0.18 |
| NOC Northrop Grumman Corp. | Add +18.8% | 2.05% | +0.15 |
| PANW Palo Alto Networks Inc. | Add +1.0% | 1.01% | +0.11 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +11.9% | 0.66% | +0.11 |
| IQLT iShares MSCI International Q | Add +7.0% | 1.08% | +0.08 |
| DG Dollar General Corp. | New | 0.08% | +0.08 |
| DIS The Walt Disney Co. | Add +1.2% | 0.50% | +0.08 |
| NEM Newmont Corp. | New | 0.06% | +0.06 |
| MCK McKesson Corp. | New | 0.06% | +0.06 |
| VRSN Verisign Inc. | New | 0.06% | +0.06 |
| ROL Rollins Inc. | New | 0.05% | +0.05 |
| ED Consolidated Edison Inc. | New | 0.05% | +0.05 |
| NUE Nucor Corp. | New | 0.05% | +0.05 |
| AMT American Tower Corp. | Add +62.8% | 0.14% | +0.05 |
| T AT&T Inc. | Add +61.0% | 0.14% | +0.05 |
| YUM Yum! Brands Inc. | Add +137.0% | 0.09% | +0.05 |
| XNTK SS SPDR Nyse Tech ETF | Add +141.7% | 0.07% | +0.04 |
| FTNT Fortinet Inc. | Add +0.9% | 0.99% | +0.03 |
| GLD SPDR Gold Shares | Add +15.8% | 0.23% | +0.03 |
| TT Trane Technologies PLC | New | 0.03% | +0.03 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.02% | +0.02 |
| NSC Norfolk Southern Corp. | New | 0.02% | +0.02 |
| GD General Dynamics Corp. | New | 0.02% | +0.02 |
| PH Parker Hannifin Corp. | New | 0.02% | +0.02 |
| SYK Stryker Corp. | Add +1.9% | 1.55% | +0.01 |
| BLK BlackRock Finance Inc. | Add +16.3% | 0.03% | +0.00 |
| COST Costco Wholesale Corp. | Add +10.2% | 0.07% | +0.00 |
| VWO Vanguard Ftse Emerging Marke | Add +4.5% | 0.05% | +0.00 |
| OMZNF Osisko Metals Inc. | New | 0.00% | +0.00 |
| XLV SS Health Care Select Sector | Add +9.7% | 0.12% | −0.01 |
| SCHD Schwab US DVD Equity ETF | Add +10.5% | 0.39% | −0.01 |
| DGRS Wisdomtree U.S. Smallcap Qua | Add +2.3% | 0.67% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.6% | 0.24% | −0.04 |
| CRM Salesforce Inc. | Add +1.1% | 1.33% | −0.06 |
| PFE Pfizer Inc. | Add +2.7% | 0.81% | −0.07 |
| IDA Idacorp Inc. | Add +1.9% | 1.50% | −0.09 |
| EOG EOG Resources Inc. | Add +1.3% | 1.09% | −0.15 |
| HD Home Depot Inc. | Add +0.0% | 2.07% | −0.15 |
| VRTX Vertex Pharmaceuticals Inc. | Add +0.5% | 1.39% | −0.23 |
| LLY Eli Lilly & Co. | Add +2.4% | 4.10% | −0.46 |
| XOM Exxon Mobil Corp. | Add +0.8% | 2.80% | −0.49 |
| ABBV Abbvie Inc. | Add +0.7% | 3.22% | −0.65 |
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 |