LVM Capital Management Ltd.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 2, 2026), LVM Capital Management Ltd. reported 160 stock positions worth $1.1 billion. Its top holding was Apple (AAPL) at 8.8% of the portfolio, followed by Broadcom (AVGO, 7.0%) and Microsoft (MSFT, 5.9%). Compared with Q4 2025, it opened 15 new positions, sold out of 16, added to 52 and reduced 49. The biggest buy was Exxon Mobil (XOM, shares +1%) and the biggest sale Salesforce (CRM, shares −73%).

Most Recent 13F
Q2 2026
Location
PORTAGE, MI
CIK
0001053054
Portfolio Value
$1.1B (Q1 2026)
SEC Filing
0001053054-26-000002 ↗ filed Apr 2, 2026

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 Q2 2025 Q3 2025: $1.0B Q3 2025 Q4 2025: $1.1B Q4 2025 Q1 2026: $1.1B $1.1B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 160 stocks · $1.1B
AAPL Apple Inc. 8.79% 367,294 $93.2M Reduce -0.4%
AVGO Broadcom Inc. 6.97% 238,888 $73.9M Reduce -0.5%
MSFT Microsoft Corp. 5.92% 169,522 $62.8M Add +0.6%
LLY Eli Lilly & Co. 4.40% 50,694 $46.6M Reduce -1.0%
XOM Exxon Mobil Corp. 3.99% 249,646 $42.4M Add +0.8%
GOOGL Alphabet Inc. Class A 3.52% 129,742 $37.3M Reduce -2.8%
ABBV Abbvie Inc. 3.52% 171,469 $37.3M Add +1.0%
JNJ Johnson & Johnson 3.27% 142,029 $34.7M Reduce -2.2%
MS Morgan Stanley 2.97% 191,464 $31.5M Reduce -0.7%
CSCO Cisco Systems Inc. 2.85% 390,074 $30.3M Reduce -0.4%
NOC Northrop Grumman Corp. 2.51% 38,946 $26.6M Reduce -0.6%
IAU iShares Gold Trust 2.50% 301,112 $26.5M Reduce -0.1%
PG The Procter & Gamble Co. 2.47% 181,520 $26.2M Add +0.2%
DGRW Wisdomtree U.S. Quality Divi 2.38% 287,570 $25.3M Add +0.9%
AXP American Express Co. 2.27% 79,698 $24.1M Add +0.6%
AMAT Applied Materials Inc. 2.27% 70,416 $24.1M Reduce -6.8%
NVT Nvent Electric PLC 1.83% 163,891 $19.4M Reduce -0.9%
IQLT iShares MSCI International Q 1.74% 400,012 $18.5M Add +55.4%
IDA Idacorp Inc. 1.72% 127,711 $18.3M Add +0.7%
SYK Stryker Corp. 1.67% 54,008 $17.7M Add +45.7%
JPM JPMorgan Chase & Co. 1.61% 57,873 $17.0M Add +3.5%
NVDA Nvidia Corp. 1.46% 88,860 $15.5M Add +1.7%
HUBB Hubbell Inc. 1.44% 31,156 $15.3M Add +1.7%
EMXC iShares MSCI Emr MRK Ex Chna 1.38% 185,430 $14.6M Add +66.1%
KR Kroger Co. 1.35% 197,757 $14.3M Add +0.2%
AMZN Amazon.com Inc. 1.31% 66,851 $13.9M Add +3.6%
EOG EOG Resources Inc. 1.12% 82,004 $11.9M Add +10.1%
SPY SS SPDR S&P 500 ETF Trust-US 1.09% 17,823 $11.6M Reduce -7.1%
VRTX Vertex Pharmaceuticals Inc. 1.09% 25,830 $11.5M Add +0.2%
AMGN Amgen Inc. 0.99% 29,729 $10.5M Reduce -1.6%
HD Home Depot Inc. 0.98% 31,487 $10.4M Reduce -31.7%
PFE Pfizer Inc. 0.89% 336,052 $9.4M Add +2.4%
PANW Palo Alto Networks Inc. 0.87% 57,742 $9.3M Add +5.1%
DLR Digital Realty Trust Inc. 0.78% 46,179 $8.3M Reduce -0.5%
FTNT Fortinet Inc. 0.77% 99,906 $8.2M Add +2.4%
CVX Chevron Corp. 0.75% 38,462 $8.0M Reduce -0.6%
UBER Uber Technologies Inc. 0.73% 108,191 $7.8M Add +5.1%
DGRS Wisdomtree U.S. Smallcap Qua 0.72% 144,094 $7.6M Add +4.8%
WM Waste Management Inc. 0.67% 30,883 $7.1M Add +0.4%
LMT Lockheed Martin Corp. 0.51% 8,990 $5.4M Reduce -6.5%
IXUS iShares Core Intl Stock ETF 0.50% 61,118 $5.3M Reduce -3.2%
SPTM SS SPDR P S&P 1500 Comp ETF 0.49% 65,631 $5.2M Add +2.5%
MO Altria Group Inc. 0.47% 74,972 $4.9M Reduce -2.7%
SCHD Schwab US DVD Equity ETF 0.42% 144,486 $4.4M Add +3.8%
O Realty Income Corp. 0.40% 68,706 $4.2M Reduce -2.0%
PM Philip Morris International 0.38% 24,183 $4.0M Reduce -0.8%
GLD SPDR Gold Shares 0.30% 7,475 $3.2M Reduce -1.3%
DHS Wisdomtree US High Dividend 0.30% 29,072 $3.2M Reduce -0.9%
GOOG Alphabet Inc. Class C 0.29% 10,683 $3.1M No change
HSY The Hershey Co. 0.28% 14,327 $3.0M Add +0.8%
ABT Abbott Laboratories 0.28% 28,496 $2.9M Reduce -1.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.26% 11,495 $2.8M Reduce -0.2%
SYY Sysco Corp. 0.26% 38,935 $2.8M Reduce -2.4%
CASY Casey's General Stores Inc. 0.26% 3,780 $2.8M No change
PEP Pepsico Inc. 0.25% 17,381 $2.7M Reduce -3.0%
CRM Salesforce Inc. 0.23% 13,120 $2.4M Reduce -73.0%
XLK SS Technology Select Sector 0.23% 18,356 $2.4M Reduce -0.1%
FITB Fifth Third Bancorp 0.21% 48,487 $2.3M New
BRK.B Berkshire Hathaway Inc. Class B 0.21% 4,600 $2.2M Reduce -0.5%
IWF iShares Russell 1000 Growth 0.20% 4,977 $2.1M Reduce -1.3%
KO The Coca-Cola Co. 0.20% 27,624 $2.1M Add +0.4%
NEE Nextera Energy Inc. 0.19% 21,716 $2.0M Reduce -2.1%
CAT Caterpillar Inc. 0.14% 2,166 $1.5M No change
PHYS Sprott Physical Gold Trust 0.14% 43,325 $1.5M Reduce -0.8%
LIEN Chicago Atlantic BDC Inc. 0.14% 161,326 $1.5M No change
TD Toronto-Dominion Bank 0.14% 16,136 $1.5M Reduce -6.9%
RTX RTX Corp. 0.14% 7,662 $1.5M No change
MRK Merck & Co. Inc. 0.14% 12,143 $1.5M Add +1.4%
XLV SS Health Care Select Sector 0.14% 9,918 $1.5M Add +5.9%
DE Deere & Co. 0.11% 2,095 $1.2M No change
MCD McDonald's Corp. 0.10% 3,372 $1.0M Add +6.5%
VZ Verizon Communications Inc. 0.10% 20,770 $1.0M Add +97.1%
SMH Vaneck Semiconductor ETF 0.10% 2,705 $1.0M Reduce -1.5%
VWO Vanguard Ftse Emerging Marke 0.10% 19,125 $1.0M Add +43.7%
IJH iShares Core S&P Midcap ETF 0.10% 15,286 $1.0M Reduce -6.0%
INTC Intel Corp. 0.10% 22,931 $1.0M Reduce -0.3%
MDT Medtronic PLC 0.09% 11,210 $971K Reduce -8.1%
MMM 3M Co. 0.09% 6,584 $956K No change
TRV The Travelers Cos Inc. 0.09% 3,251 $948K No change
XNTK SS SPDR Nyse Tech ETF 0.09% 3,668 $936K Add +8.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.09% 19,100 $931K Add +6.2%
DUK Duke Energy Corp. 0.09% 6,941 $909K No change
VIG Vanguard Dividend Apprec ETF 0.08% 4,016 $864K Reduce -5.3%
PSX Phillips 66 0.08% 4,676 $852K Add +6.4%
CTAS Cintas Corp. 0.08% 4,950 $837K No change
IJR iShares Core S&P Small-Cap E 0.08% 6,586 $819K No change
BMY Bristol-Myers Squibb Co. 0.07% 12,694 $770K Add +3.8%
ORCL Oracle Corp. 0.07% 5,111 $752K Reduce -1.9%
AZN Astrazeneca PLC-Spons ADR 0.07% 3,705 $731K No change
COST Costco Wholesale Corp. 0.07% 723 $720K Add +14.8%
BRK.A Berkshire Hathaway Inc. Class A 0.07% 1 $718K No change
V Visa Inc. Class A 0.07% 2,357 $712K Add +12.1%
MBWM Mercantile Bank Corp. 0.07% 13,977 $706K No change
SPDW Ste STR SPDR PT DW Eu ETF 0.07% 15,100 $689K No change
PNC PNC Financial Services Group 0.06% 3,267 $680K No change
ETN Eaton Corp. PLC 0.06% 1,851 $662K Add +13.3%
UNH Unitedhealth Group Inc. 0.06% 2,440 $660K No change
SRE Sempra 0.06% 6,677 $649K No change
CNI Canadian Natl Railway Co. 0.06% 6,300 $647K No change
AMT American Tower Corp. 0.06% 3,682 $635K No change
T AT&T Inc. 0.06% 21,634 $627K Reduce -0.9%
PWR Quanta Services Inc. 0.06% 1,072 $589K New
NUE Nucor Corp. 0.05% 3,400 $575K Reduce -12.8%
LYB Lyondellbasell Indu Class A 0.05% 6,970 $562K New
IVV iShares Core S&P 500 ETF 0.05% 853 $557K No change
TMO Thermo Fisher Scientific Inc. 0.05% 1,128 $554K No change
ADP Automatic Data Processing 0.05% 2,717 $552K Add +6.2%
WMT Walmart Inc. 0.05% 4,320 $537K No change
MGM MGM Resorts International 0.05% 14,450 $535K New
DELL Dell Technologies -C 0.05% 3,235 $531K New
STZ Constellation Brands Inc. Class A 0.05% 3,510 $527K New
PCG P G & E Corp. 0.05% 29,455 $518K New
EQIX Equinix Inc. 0.05% 527 $517K New
MRNA Moderna Inc. 0.05% 9,940 $505K Reduce -30.4%
SO The Southern Co. 0.05% 4,974 $480K Add +3.5%
KMB Kimberly-Clark Corp. 0.04% 4,390 $424K Add +0.8%
FAST Fastenal Co. 0.04% 9,000 $418K No change
YUM Yum! Brands Inc. 0.04% 2,577 $401K No change
XLY SS Consumer Disc Select Sect 0.04% 3,604 $393K Reduce -0.6%
META Meta Platforms Inc. Class A 0.04% 678 $388K No change
APD Air Products & Chemicals Inc. 0.03% 1,237 $359K Add +9.3%
DFUV Dimensional US Marketwide Va 0.03% 7,391 $358K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.03% 818 $357K No change
MA Mastercard Inc. Class A 0.03% 710 $355K No change
VOO Vanguard S&P 500 ETF 0.03% 589 $352K Add +1.9%
NOBL Proshares S&P 500 Dividend A 0.03% 3,290 $349K Reduce -2.2%
XLE SS Energy Select Sector 0.03% 5,487 $336K Reduce -1.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 2,043 $326K No change
CLX Clorox Company 0.03% 3,101 $321K Add +0.6%
DVY iShares Select Dividend ETF 0.03% 2,011 $304K Add +32.6%
SPGI S&P Global Inc. 0.03% 707 $301K No change
FISV Fiserv Inc. 0.03% 5,250 $293K No change
GD General Dynamics Corp. 0.03% 825 $283K Add +13.8%
CL Colgate-Palmolive Co. 0.03% 3,218 $274K Add +1.1%
AEP American Electric Power 0.03% 2,045 $268K Add +7.6%
PH Parker Hannifin Corp. 0.03% 299 $268K No change
CHD Church & Dwight Co. Inc. 0.03% 2,849 $266K Reduce -0.5%
DLN Wisdomtree US Largecap Divid 0.02% 2,874 $257K New
COP Conocophillips 0.02% 1,930 $255K New
USB US Bancorp 0.02% 4,831 $251K Add +16.0%
FNV Franco-Nevada Corp. 0.02% 1,000 $247K No change
GNTX Gentex Corp. 0.02% 11,050 $241K No change
BLK BlackRock Finance Inc. 0.02% 250 $240K No change
NSC Norfolk Southern Corp. 0.02% 835 $240K No change
TXN Texas Instruments Inc. 0.02% 1,221 $237K New
IWM iShares Russell 2000 ETF 0.02% 950 $236K New
BF.B Brown-Forman Corp. Class B 0.02% 8,905 $235K No change
TT Trane Technologies PLC 0.02% 550 $229K No change
EES Wisdomtree US Smallcap Fund 0.02% 3,931 $228K Add +0.4%
DTE DTE Energy Company 0.02% 1,508 $220K New
VTI VG Morningstar TS MKT ETF-US 0.02% 677 $217K Reduce -6.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 2,216 $214K Reduce -41.5%
EPD Enterprise Products Partners 0.02% 5,532 $209K New
HON Honeywell International Inc. 0.02% 903 $204K New
OMZNF Osisko Metals Inc. filed as ORISKO METALS 0.00% 45,100 $40K Add +35.8%
VXRT Vaxart Inc. 0.00% 25,000 $15K No change
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 Q4 2025 → Q1 2026
CRM Salesforce Inc. Reduce -73.0% 0.23% −0.96
AVGO Broadcom Inc. Reduce -0.5% 6.97% −0.75
LLY Eli Lilly & Co. Reduce -1.0% 4.40% −0.71
ICLR Icon PLC Sold out 0.00% −0.55
AAPL Apple Inc. Reduce -0.4% 8.79% −0.52
HD Home Depot Inc. Reduce -31.7% 0.98% −0.50
GOOGL Alphabet Inc. Class A Reduce -2.8% 3.52% −0.36
CMA Comerica Inc. Sold out 0.00% −0.23
MS Morgan Stanley Reduce -0.7% 2.97% −0.21
SPY SS SPDR S&P 500 ETF Trust-US Reduce -7.1% 1.09% −0.12
ABT Abbott Laboratories Reduce -1.6% 0.28% −0.06
IBM Intl Business Machines Corp. Reduce -0.2% 0.26% −0.05
AES AES Corp. Sold out 0.00% −0.05
DVN Devon Energy Corp. Sold out 0.00% −0.05
FCX Freeport-McMoran Inc. Sold out 0.00% −0.05
DLTR Dollar Tree Inc. Sold out 0.00% −0.04
AIG American International Group Sold out 0.00% −0.04
LUV Southwest Airlines Co. Sold out 0.00% −0.04
LULU Lululemon Athletica Inc. Sold out 0.00% −0.04
TKO Tko Group Holdings Inc. Sold out 0.00% −0.04
SMCI Super Micro Computer Inc. Sold out 0.00% −0.04
ORCL Oracle Corp. Reduce -1.9% 0.07% −0.02
ADBE Adobe Inc. Sold out 0.00% −0.02
GIS General Mills Inc. Sold out 0.00% −0.02
IWF iShares Russell 1000 Growth Reduce -1.3% 0.20% −0.02
DIS The Walt Disney Co. Reduce -41.5% 0.02% −0.02
TSLA Tesla Inc. Sold out 0.00% −0.02
ONEQ Fidelity Nasdaq Comp Indx Sold out 0.00% −0.02
MDT Medtronic PLC Reduce -8.1% 0.09% −0.02
XLK SS Technology Select Sector Reduce -0.1% 0.23% −0.02
SYY Sysco Corp. Reduce -2.4% 0.26% −0.01
TD Toronto-Dominion Bank Reduce -6.9% 0.14% −0.01
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.5% 0.21% −0.01
VIG Vanguard Dividend Apprec ETF Reduce -5.3% 0.08% −0.01
NUE Nucor Corp. Reduce -12.8% 0.05% −0.00
XLY SS Consumer Disc Select Sect Reduce -0.6% 0.04% −0.00
IJH iShares Core S&P Midcap ETF Reduce -6.0% 0.10% −0.00
VTI VG Morningstar TS MKT ETF-US Reduce -6.9% 0.02% −0.00
ATOS Atossa Therapeutics Inc. Sold out 0.00% −0.00
NOBL Proshares S&P 500 Dividend A Reduce -2.2% 0.03% +0.00
IXUS iShares Core Intl Stock ETF Reduce -3.2% 0.50% +0.00
CHD Church & Dwight Co. Inc. Reduce -0.5% 0.03% +0.00
SMH Vaneck Semiconductor ETF Reduce -1.5% 0.10% +0.01
MRNA Moderna Inc. Reduce -30.4% 0.05% +0.01
XLE SS Energy Select Sector Reduce -1.0% 0.03% +0.01
T AT&T Inc. Reduce -0.9% 0.06% +0.01
PHYS Sprott Physical Gold Trust Reduce -0.8% 0.14% +0.01
PM Philip Morris International Reduce -0.8% 0.38% +0.01
PEP Pepsico Inc. Reduce -3.0% 0.25% +0.02
INTC Intel Corp. Reduce -0.3% 0.10% +0.02

Portfolio Buys Q4 2025 → Q1 2026
XOM Exxon Mobil Corp. Add +0.8% 3.99% +1.23
IQLT iShares MSCI International Q Add +55.4% 1.74% +0.66
EMXC iShares MSCI Emr MRK Ex Chna Add +66.1% 1.38% +0.62
SYK Stryker Corp. Add +45.7% 1.67% +0.46
EOG EOG Resources Inc. Add +10.1% 1.12% +0.39
IDA Idacorp Inc. Add +0.7% 1.72% +0.23
FITB Fifth Third Bancorp New 0.21% +0.21
KR Kroger Co. Add +0.2% 1.35% +0.20
HUBB Hubbell Inc. Add +1.7% 1.44% +0.18
PFE Pfizer Inc. Add +2.4% 0.89% +0.13
DGRS Wisdomtree U.S. Smallcap Qua Add +4.8% 0.72% +0.09
SCHD Schwab US DVD Equity ETF Add +3.8% 0.42% +0.06
PG The Procter & Gamble Co. Add +0.2% 2.47% +0.06
VZ Verizon Communications Inc. Add +97.1% 0.10% +0.06
PWR Quanta Services Inc. New 0.06% +0.06
LYB Lyondellbasell Indu Class A New 0.05% +0.05
MGM MGM Resorts International New 0.05% +0.05
FTNT Fortinet Inc. Add +2.4% 0.77% +0.05
DELL Dell Technologies -C New 0.05% +0.05
STZ Constellation Brands Inc. Class A New 0.05% +0.05
PCG P G & E Corp. New 0.05% +0.05
EQIX Equinix Inc. New 0.05% +0.05
WM Waste Management Inc. Add +0.4% 0.67% +0.04
HSY The Hershey Co. Add +0.8% 0.28% +0.04
VWO Vanguard Ftse Emerging Marke Add +43.7% 0.10% +0.03
PSX Phillips 66 Add +6.4% 0.08% +0.03
DLN Wisdomtree US Largecap Divid New 0.02% +0.02
COP Conocophillips New 0.02% +0.02
TXN Texas Instruments Inc. New 0.02% +0.02
IWM iShares Russell 2000 ETF New 0.02% +0.02
DTE DTE Energy Company New 0.02% +0.02
MRK Merck & Co. Inc. Add +1.4% 0.14% +0.02
EPD Enterprise Products Partners New 0.02% +0.02
KO The Coca-Cola Co. Add +0.4% 0.20% +0.02
HON Honeywell International Inc. New 0.02% +0.02
COST Costco Wholesale Corp. Add +14.8% 0.07% +0.02
DGRW Wisdomtree U.S. Quality Divi Add +0.9% 2.38% +0.01
ETN Eaton Corp. PLC Add +13.3% 0.06% +0.01
BMY Bristol-Myers Squibb Co. Add +3.8% 0.07% +0.01
MCD McDonald's Corp. Add +6.5% 0.10% +0.01
DVY iShares Select Dividend ETF Add +32.6% 0.03% +0.01
APD Air Products & Chemicals Inc. Add +9.3% 0.03% +0.01
SO The Southern Co. Add +3.5% 0.05% +0.01
AEP American Electric Power Add +7.6% 0.03% +0.00
GD General Dynamics Corp. Add +13.8% 0.03% +0.00
USB US Bancorp Add +16.0% 0.02% +0.00
XLV SS Health Care Select Sector Add +5.9% 0.14% +0.00
CL Colgate-Palmolive Co. Add +1.1% 0.03% +0.00
VRTX Vertex Pharmaceuticals Inc. Add +0.2% 1.09% +0.00
OMZNF Osisko Metals Inc. Add +35.8% 0.00% +0.00

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