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

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 Q1 2025 Q2 2025: $964.2M $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 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
MCK McKesson Corp. 0.06% 819 $600K New
EQT Eqt Corp. 0.06% 10,214 $596K Reduce -22.9%
ETN Eaton Corp. PLC 0.06% 1,643 $587K No change
VRSN Verisign Inc. 0.06% 2,011 $581K New
NOBL Proshares S&P 500 Dividend A 0.06% 5,635 $567K Reduce -29.7%
IVV iShares Core S&P 500 ETF 0.06% 903 $561K No change
PSX Phillips 66 0.06% 4,645 $554K No change
ROL Rollins Inc. 0.05% 9,380 $529K New
META Meta Platforms Inc. Class A 0.05% 716 $528K Reduce -10.1%
VZ Verizon Communications Inc. 0.05% 12,015 $520K No change
AZN Astrazeneca PLC-Spons ADR 0.05% 7,411 $518K No change
INTC Intel Corp. 0.05% 23,006 $515K Reduce -1.6%
VWO Vanguard Ftse Emerging Marke 0.05% 10,274 $508K Add +4.5%
SRE Sempra 0.05% 6,677 $506K No change
DUK Duke Energy Corp. 0.05% 4,278 $505K Reduce -0.4%
ED Consolidated Edison Inc. 0.05% 4,992 $501K New
TMO Thermo Fisher Scientific Inc. 0.05% 1,164 $472K No change
NUE Nucor Corp. 0.05% 3,600 $466K New
WMT Walmart Inc. 0.05% 4,539 $444K Reduce -1.0%
MA Mastercard Inc. Class A 0.04% 713 $401K No change
XLY SS Consumer Disc Select Sect 0.04% 1,843 $401K No change
CLX Clorox Company 0.04% 3,171 $381K Reduce -2.9%
FAST Fastenal Co. 0.04% 9,000 $378K No change
SPGI S&P Global Inc. 0.04% 707 $373K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.04% 818 $359K No change
GIS General Mills Inc. 0.03% 6,326 $328K Reduce -4.7%
VOO Vanguard S&P 500 ETF 0.03% 578 $328K No change
APD Air Products & Chemicals Inc. 0.03% 1,132 $319K No change
CL Colgate-Palmolive Co. 0.03% 3,184 $289K No change
K Kellanova 0.03% 3,600 $286K No change
CDNS Cadence Design SYS Inc. 0.03% 925 $285K No change
CHD Church & Dwight Co. Inc. 0.03% 2,864 $275K No change
ADBE Adobe Inc. 0.03% 698 $270K Reduce -7.9%
BLK BlackRock Finance Inc. 0.03% 250 $262K Add +16.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 2,068 $255K No change
GNTX Gentex Corp. 0.03% 11,050 $243K No change
TXN Texas Instruments Inc. 0.03% 1,168 $243K Reduce -2.1%
DTH Wisdomtree International Hig 0.03% 5,205 $241K Reduce -2.4%
TT Trane Technologies PLC 0.03% 550 $241K New
BF.B Brown-Forman Corp. Class B 0.02% 8,905 $240K No change
EES Wisdomtree US Smallcap Fund 0.02% 4,326 $220K Reduce -0.7%
VTI VG Morningstar TS MKT ETF-US 0.02% 720 $219K New
USMV iShares MSCI USA Min Vol Fac 0.02% 2,280 $214K No change
NSC Norfolk Southern Corp. 0.02% 835 $214K New
GD General Dynamics Corp. 0.02% 725 $211K New
PH Parker Hannifin Corp. 0.02% 299 $209K New
DVY iShares Select Dividend ETF 0.02% 1,516 $201K No change
ATOS Atossa Therapeutics Inc. 0.00% 21,000 $17K No change
VXRT Vaxart Inc. 0.00% 25,000 $11K No change
OMZNF Osisko Metals Inc. filed as ORISKO METALS 0.00% 16,600 $5K New
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 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

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