LVM Capital Management Ltd.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 9, 2025), LVM Capital Management Ltd. reported 165 stock positions worth $1.0 billion. Its top holding was Apple (AAPL) at 9.3% of the portfolio, followed by Microsoft (MSFT, 8.4%) and Broadcom (AVGO, 7.8%). Compared with Q2 2025, it opened 19 new positions, sold out of 8, added to 42 and reduced 58. The biggest buy was Abbvie (ABBV, shares +1%) and the biggest sale Microsoft (MSFT, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- PORTAGE, MI
- CIK
- 0001053054
- Portfolio Value
- $1.0B (Q3 2025)
- SEC Filing
- 0001053054-25-000010 ↗ filed Oct 9, 2025
Holdings Value
Holdings 165 stocks · $1.0B
| AAPL Apple Inc. | 9.33% | 381,204 | $97.1M | Reduce -1.6% |
| MSFT Microsoft Corp. | 8.40% | 168,820 | $87.4M | Reduce -3.5% |
| AVGO Broadcom Inc. | 7.82% | 246,484 | $81.3M | Reduce -8.1% |
| LLY Eli Lilly & Co. | 3.78% | 51,540 | $39.3M | Add +1.5% |
| ABBV Abbvie Inc. | 3.78% | 169,664 | $39.3M | Add +1.4% |
| GOOGL Alphabet Inc. Class A | 3.27% | 140,014 | $34.0M | Reduce -0.5% |
| MS Morgan Stanley | 3.01% | 197,116 | $31.3M | Add +0.9% |
| XOM Exxon Mobil Corp. | 2.70% | 249,261 | $28.1M | Reduce -0.5% |
| PG The Procter & Gamble Co. | 2.69% | 181,955 | $28.0M | No change |
| JNJ Johnson & Johnson | 2.61% | 146,566 | $27.2M | Reduce -0.2% |
| CSCO Cisco Systems Inc. | 2.58% | 392,535 | $26.9M | Reduce -0.4% |
| AXP American Express Co. | 2.56% | 80,108 | $26.6M | Reduce -4.0% |
| DGRW Wisdomtree U.S. Quality Divi | 2.48% | 290,409 | $25.8M | Reduce -0.6% |
| NOC Northrop Grumman Corp. | 2.28% | 38,885 | $23.7M | Reduce -1.5% |
| HD Home Depot Inc. | 2.08% | 53,502 | $21.7M | Reduce -1.5% |
| IAU iShares Gold Trust | 2.07% | 295,480 | $21.5M | Add +1.0% |
| JPM JPMorgan Chase & Co. | 1.69% | 55,754 | $17.6M | Add +0.7% |
| AMAT Applied Materials Inc. | 1.61% | 82,023 | $16.8M | Add +0.6% |
| IDA Idacorp Inc. | 1.60% | 126,057 | $16.7M | Add +0.6% |
| NVT Nvent Electric PLC | 1.56% | 164,409 | $16.2M | Add +3.9% |
| NVDA Nvidia Corp. | 1.48% | 82,647 | $15.4M | Reduce -1.2% |
| SYK Stryker Corp. | 1.32% | 37,057 | $13.7M | Reduce -2.2% |
| KR Kroger Co. | 1.29% | 199,553 | $13.5M | Add +0.2% |
| HUBB Hubbell Inc. | 1.25% | 30,173 | $13.0M | Add +0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.23% | 19,274 | $12.8M | Reduce -1.6% |
| CRM Salesforce Inc. | 1.10% | 48,408 | $11.5M | Add +2.6% |
| UBER Uber Technologies Inc. | 1.07% | 113,447 | $11.1M | Add +6.3% |
| IQLT iShares MSCI International Q | 1.06% | 248,439 | $11.0M | Add +3.6% |
| PANW Palo Alto Networks Inc. | 1.05% | 53,543 | $10.9M | Add +12.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.97% | 25,840 | $10.1M | Reduce -14.1% |
| EOG EOG Resources Inc. | 0.97% | 89,879 | $10.1M | Add +2.0% |
| AMGN Amgen Inc. | 0.82% | 30,288 | $8.5M | Reduce -1.1% |
| PFE Pfizer Inc. | 0.80% | 324,920 | $8.3M | Add +0.9% |
| FTNT Fortinet Inc. | 0.79% | 97,662 | $8.2M | Add +8.4% |
| DLR Digital Realty Trust Inc. | 0.77% | 46,605 | $8.1M | Reduce -0.1% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.69% | 106,142 | $7.2M | Add +5.5% |
| DGRS Wisdomtree U.S. Smallcap Qua | 0.66% | 137,719 | $6.9M | Reduce -1.2% |
| WM Waste Management Inc. | 0.65% | 30,798 | $6.8M | Add +0.1% |
| CVX Chevron Corp. | 0.62% | 41,602 | $6.5M | Reduce -14.7% |
| ICLR Icon PLC | 0.55% | 32,989 | $5.8M | Reduce -18.8% |
| MO Altria Group Inc. | 0.55% | 86,099 | $5.7M | Add +0.2% |
| IXUS iShares Core Intl Stock ETF | 0.48% | 60,311 | $5.0M | Add +3.2% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.48% | 61,624 | $5.0M | Add +2.2% |
| LMT Lockheed Martin Corp. | 0.47% | 9,758 | $4.9M | Reduce -8.4% |
| O Realty Income Corp. | 0.44% | 74,602 | $4.5M | Reduce -1.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.41% | 37,209 | $4.3M | Reduce -3.4% |
| PM Philip Morris International | 0.38% | 24,373 | $4.0M | Reduce -0.8% |
| SCHD Schwab US DVD Equity ETF | 0.37% | 142,904 | $3.9M | Add +1.3% |
| ABT Abbott Laboratories | 0.37% | 29,009 | $3.9M | Reduce -2.2% |
| SBUX Starbucks Corp. | 0.34% | 41,557 | $3.5M | Reduce -13.2% |
| SYY Sysco Corp. | 0.32% | 40,110 | $3.3M | Reduce -1.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.32% | 11,685 | $3.3M | Reduce -0.1% |
| DHS Wisdomtree US High Dividend | 0.31% | 32,259 | $3.3M | Reduce -4.2% |
| HSY The Hershey Co. | 0.28% | 15,669 | $2.9M | Reduce -15.9% |
| PEP Pepsico Inc. | 0.26% | 19,080 | $2.7M | Reduce -28.1% |
| GOOG Alphabet Inc. Class C | 0.26% | 10,990 | $2.7M | Reduce -0.7% |
| GLD SPDR Gold Shares | 0.26% | 7,525 | $2.7M | Add +2.7% |
| XLK SS Technology Select Sector | 0.25% | 9,296 | $2.6M | Reduce -0.8% |
| IWF iShares Russell 1000 Growth | 0.23% | 5,042 | $2.4M | Add +244.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.23% | 4,685 | $2.4M | No change |
| CASY Casey's General Stores Inc. | 0.21% | 3,780 | $2.1M | No change |
| CMA Comerica Inc. | 0.19% | 29,307 | $2.0M | No change |
| KO The Coca-Cola Co. | 0.18% | 27,682 | $1.8M | Reduce -1.8% |
| NEE Nextera Energy Inc. | 0.16% | 22,262 | $1.7M | Add +0.3% |
| ORCL Oracle Corp. | 0.14% | 5,261 | $1.5M | No change |
| TD Toronto-Dominion Bank | 0.14% | 17,686 | $1.4M | Reduce -4.2% |
| MDT Medtronic PLC | 0.13% | 13,701 | $1.3M | Reduce -8.1% |
| RTX RTX Corp. | 0.12% | 7,762 | $1.3M | Add +1.1% |
| PHYS Sprott Physical Gold Trust | 0.12% | 43,675 | $1.3M | No change |
| XLV SS Health Care Select Sector | 0.12% | 8,866 | $1.2M | Add +5.1% |
| AMZN Amazon.com Inc. | 0.12% | 5,493 | $1.2M | Reduce -0.4% |
| IJH iShares Core S&P Midcap ETF | 0.11% | 17,767 | $1.2M | Add +9.3% |
| MMM 3M Co. | 0.10% | 6,872 | $1.1M | No change |
| CAT Caterpillar Inc. | 0.10% | 2,196 | $1.0M | Reduce -2.2% |
| CTAS Cintas Corp. | 0.10% | 5,041 | $1.0M | Reduce -3.8% |
| MRK Merck & Co. Inc. | 0.10% | 12,192 | $1.0M | No change |
| MCD McDonald's Corp. | 0.09% | 3,247 | $987K | Add +0.5% |
| DE Deere & Co. | 0.09% | 2,140 | $979K | Reduce -1.6% |
| SMH Vaneck Semiconductor ETF | 0.09% | 2,890 | $943K | Reduce -2.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.09% | 17,993 | $928K | Reduce -0.2% |
| TRV The Travelers Cos Inc. | 0.09% | 3,251 | $908K | No change |
| VIG Vanguard Dividend Apprec ETF | 0.08% | 4,089 | $882K | Add +1.6% |
| IJR iShares Core S&P Small-Cap E | 0.08% | 7,275 | $864K | Add +8.3% |
| UNH Unitedhealth Group Inc. | 0.08% | 2,440 | $843K | Reduce -11.2% |
| XNTK SS SPDR Nyse Tech ETF | 0.08% | 2,953 | $804K | Add +5.5% |
| T AT&T Inc. | 0.08% | 27,834 | $786K | Reduce -38.6% |
| INTC Intel Corp. | 0.07% | 23,006 | $772K | No change |
| ADP Automatic Data Processing | 0.07% | 2,584 | $758K | Add +1.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.07% | 1 | $754K | No change |
| V Visa Inc. Class A | 0.07% | 2,118 | $723K | No change |
| AMT American Tower Corp. | 0.07% | 3,682 | $708K | Reduce -38.6% |
| VWO Vanguard Ftse Emerging Marke | 0.07% | 13,044 | $707K | Add +27.0% |
| FISV Fiserv Inc. | 0.07% | 5,250 | $677K | No change |
| MBWM Mercantile Bank Corp. | 0.06% | 14,578 | $656K | New |
| PNC PNC Financial Services Group | 0.06% | 3,267 | $656K | No change |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.06% | 15,100 | $646K | No change |
| PSX Phillips 66 | 0.06% | 4,595 | $625K | Reduce -1.1% |
| ETN Eaton Corp. PLC | 0.06% | 1,643 | $615K | No change |
| IVV iShares Core S&P 500 ETF | 0.06% | 916 | $613K | Add +1.4% |
| COST Costco Wholesale Corp. | 0.06% | 660 | $611K | Add +1.5% |
Portfolio Sells Q2 2025 → Q3 2025
| MSFT Microsoft Corp. | Reduce -3.5% | 8.40% | −0.62 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -14.1% | 0.97% | −0.42 |
| CSCO Cisco Systems Inc. | Reduce -0.4% | 2.58% | −0.26 |
| SYK Stryker Corp. | Reduce -2.2% | 1.32% | −0.24 |
| AXP American Express Co. | Reduce -4.0% | 2.56% | −0.20 |
| SBUX Starbucks Corp. | Reduce -13.2% | 0.34% | −0.12 |
| PEP Pepsico Inc. | Reduce -28.1% | 0.26% | −0.11 |
| CVX Chevron Corp. | Reduce -14.7% | 0.62% | −0.10 |
| XOM Exxon Mobil Corp. | Reduce -0.5% | 2.70% | −0.10 |
| DIS The Walt Disney Co. | Reduce -3.4% | 0.41% | −0.09 |
| PM Philip Morris International | Reduce -0.8% | 0.38% | −0.08 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.08 |
| AMT American Tower Corp. | Reduce -38.6% | 0.07% | −0.07 |
| DLR Digital Realty Trust Inc. | Reduce -0.1% | 0.77% | −0.07 |
| AMGN Amgen Inc. | Reduce -1.1% | 0.82% | −0.07 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.06 |
| MCK McKesson Corp. | Sold out | 0.00% | −0.06 |
| EQT Eqt Corp. | Sold out | 0.00% | −0.06 |
| T AT&T Inc. | Reduce -38.6% | 0.08% | −0.06 |
| VRSN Verisign Inc. | Sold out | 0.00% | −0.06 |
| ICLR Icon PLC | Reduce -18.8% | 0.55% | −0.06 |
| ROL Rollins Inc. | Sold out | 0.00% | −0.05 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -0.6% | 2.48% | −0.05 |
| ED Consolidated Edison Inc. | Sold out | 0.00% | −0.05 |
| YUM Yum! Brands Inc. | Reduce -55.5% | 0.04% | −0.05 |
| ABT Abbott Laboratories | Reduce -2.2% | 0.37% | −0.04 |
| LMT Lockheed Martin Corp. | Reduce -8.4% | 0.47% | −0.04 |
| IBM Intl Business Machines Corp. | Reduce -0.1% | 0.32% | −0.04 |
| HSY The Hershey Co. | Reduce -15.9% | 0.28% | −0.04 |
| KO The Coca-Cola Co. | Reduce -1.8% | 0.18% | −0.03 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.03 |
| NUE Nucor Corp. | Reduce -47.2% | 0.02% | −0.02 |
| DHS Wisdomtree US High Dividend | Reduce -4.2% | 0.31% | −0.02 |
| CTAS Cintas Corp. | Reduce -3.8% | 0.10% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.6% | 1.23% | −0.02 |
| DE Deere & Co. | Reduce -1.6% | 0.09% | −0.02 |
| O Realty Income Corp. | Reduce -1.3% | 0.44% | −0.02 |
| DGRS Wisdomtree U.S. Smallcap Qua | Reduce -1.2% | 0.66% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -7.3% | 0.06% | −0.01 |
| AMZN Amazon.com Inc. | Reduce -0.4% | 0.12% | −0.01 |
| MDT Medtronic PLC | Reduce -8.1% | 0.13% | −0.01 |
| GIS General Mills Inc. | Reduce -17.0% | 0.03% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -2.1% | 0.06% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -11.2% | 0.08% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -1.5% | 0.05% | −0.01 |
| TD Toronto-Dominion Bank | Reduce -4.2% | 0.14% | −0.00 |
| VZ Verizon Communications Inc. | Reduce -1.9% | 0.05% | −0.00 |
| MA Mastercard Inc. Class A | Reduce -0.4% | 0.04% | −0.00 |
| DTH Wisdomtree International Hig | Reduce -9.7% | 0.02% | −0.00 |
| DUK Duke Energy Corp. | Reduce -0.7% | 0.05% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| ABBV Abbvie Inc. | Add +1.4% | 3.78% | +0.55 |
| NVT Nvent Electric PLC | Add +3.9% | 1.56% | +0.36 |
| IAU iShares Gold Trust | Add +1.0% | 2.07% | +0.17 |
| IWF iShares Russell 1000 Growth | Add +244.2% | 0.23% | +0.16 |
| MS Morgan Stanley | Add +0.9% | 3.01% | +0.16 |
| IDA Idacorp Inc. | Add +0.6% | 1.60% | +0.10 |
| AMAT Applied Materials Inc. | Add +0.6% | 1.61% | +0.07 |
| MBWM Mercantile Bank Corp. | New | 0.06% | +0.06 |
| LRCX Lam Research Corp. | New | 0.05% | +0.05 |
| MNST Monster Beverage Corp. | New | 0.05% | +0.05 |
| VMC Vulcan Materials Co. | New | 0.05% | +0.05 |
| APA Apa Corp. | New | 0.05% | +0.05 |
| NRG NRG Energy Inc. | New | 0.05% | +0.05 |
| RL Ralph Lauren Corp. | New | 0.05% | +0.05 |
| CMI Cummins Inc. | New | 0.05% | +0.05 |
| PODD Insulet Corp. | New | 0.05% | +0.05 |
| SO The Southern Co. | New | 0.04% | +0.04 |
| PANW Palo Alto Networks Inc. | Add +12.7% | 1.05% | +0.04 |
| UBER Uber Technologies Inc. | Add +6.3% | 1.07% | +0.04 |
| DFUV Dimensional US Marketwide Va | New | 0.03% | +0.03 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +5.5% | 0.69% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +0.7% | 1.69% | +0.03 |
| GLD SPDR Gold Shares | Add +2.7% | 0.26% | +0.03 |
| MO Altria Group Inc. | Add +0.2% | 0.55% | +0.02 |
| XLE SS Energy Select Sector | New | 0.02% | +0.02 |
| FNV Franco-Nevada Corp. | New | 0.02% | +0.02 |
| AEP American Electric Power | New | 0.02% | +0.02 |
| DTE DTE Energy Company | New | 0.02% | +0.02 |
| BX Blackstone Inc. | New | 0.02% | +0.02 |
| DBEF Xtrackers MSCI Eafe Hedged E | New | 0.02% | +0.02 |
| ONEQ Fidelity Nasdaq Comp Indx | New | 0.02% | +0.02 |
| USB US Bancorp | New | 0.02% | +0.02 |
| VWO Vanguard Ftse Emerging Marke | Add +27.0% | 0.07% | +0.02 |
| IXUS iShares Core Intl Stock ETF | Add +3.2% | 0.48% | +0.01 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +2.2% | 0.48% | +0.01 |
| RTX RTX Corp. | Add +1.1% | 0.12% | +0.01 |
| XNTK SS SPDR Nyse Tech ETF | Add +5.5% | 0.08% | +0.01 |
| IJH iShares Core S&P Midcap ETF | Add +9.3% | 0.11% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +8.3% | 0.08% | +0.01 |
| GD General Dynamics Corp. | Add +4.8% | 0.02% | +0.00 |
| TJX TJX Companies Inc. | Add +2.2% | 0.03% | +0.00 |
| NEE Nextera Energy Inc. | Add +0.3% | 0.16% | +0.00 |
| IVV iShares Core S&P 500 ETF | Add +1.4% | 0.06% | +0.00 |
| XLV SS Health Care Select Sector | Add +5.1% | 0.12% | +0.00 |
| OMZNF Osisko Metals Inc. | Add +100.0% | 0.00% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.7% | 0.02% | +0.00 |
| VIG Vanguard Dividend Apprec ETF | Add +1.6% | 0.08% | −0.00 |
| WMT Walmart Inc. | Add +0.7% | 0.05% | −0.00 |
| MCD McDonald's Corp. | Add +0.5% | 0.09% | −0.00 |
| COST Costco Wholesale Corp. | Add +1.5% | 0.06% | −0.01 |
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 |