Nicolet Advisory Services, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Nicolet Advisory Services, LLC reported 421 stock positions worth $1.5 billion. Its top holding was Ste STR SPDR PT S&P 500 ETF (SPYM) at 19.9% of the portfolio, followed by SS SPDR P S&P 500 Value ETF (SPYV, 4.7%) and SS SPDR P S&P 500 Growth ETF (SPYG, 4.3%). Compared with Q3 2025, it opened 33 new positions, sold out of 27, added to 209 and reduced 159. The biggest buy was Ste STR SPDR PT S&P 500 ETF (SPYM, shares +10919%) and the biggest sale SS SPDR P S&P 500 Value ETF (SPYV, shares −62%).

Most Recent 13F
Q4 2025
Location
GREEN BAY, WI
CIK
0001775863
Portfolio Value
$1.5B (Q4 2025)
SEC Filing
0001775863-26-000003 ↗ filed Feb 13, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $984.6M Q1 2024 Q2 2024: $1.0B Q2 2024 Q3 2024: $1.1B Q3 2024 Q4 2024: $1.1B Q4 2024 Q1 2025: $1.0B Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.3B Q3 2025 Q4 2025: $1.5B $1.5B Q4 2025

Holdings 421 stocks · $1.5B

SPYM Ste STR SPDR PT S&P 500 ETF 19.90% 3,610,494 $295.3M Add +10918.7%
SPYV SS SPDR P S&P 500 Value ETF 4.74% 1,208,677 $70.3M Reduce -61.9%
SPYG SS SPDR P S&P 500 Growth ETF 4.27% 585,065 $63.4M Reduce -62.0%
AVEM Avantis Emerging Markets Eq 4.12% 754,863 $61.1M Add +54.5%
AAPL Apple Inc. 3.54% 201,637 $52.5M Add +5.9%
ITOT iShares Core S&P Total U.S. 3.15% 307,968 $46.8M Add +14.3%
VEA Vanguard Ftse Developed ETF 3.15% 720,525 $46.8M Add +27.8%
VTEB Vanguard Tax-Exempt Bond ETF 2.37% 695,282 $35.2M Add +23.9%
VO Vngrd Mrngstr MD-Cap ETF-Usd 2.17% 107,901 $32.3M Add +16.1%
BRK.B Berkshire Hathaway Inc. Class B 1.95% 58,069 $29.0M Add +0.0%
FBND Fidelity Total Bond ETF 1.84% 591,999 $27.3M Add +5.8%
MSFT Microsoft Corp. 1.77% 55,206 $26.3M Add +8.8%
VOO Vanguard S&P 500 ETF 1.63% 37,910 $24.2M Add +39.1%
JPM JPMorgan Chase & Co. 1.53% 70,008 $22.7M Add +5.6%
NVDA Nvidia Corp. 1.46% 117,178 $21.7M Add +19.8%
BND Vanguard Total Bond Market 1.30% 260,374 $19.3M Add +2.7%
UITB Victoryshares Core Intermedi 1.25% 389,946 $18.5M Add +9.9%
PG The Procter & Gamble Co. 1.20% 124,120 $17.8M Reduce -3.1%
AVRE Avantis Real Estate ETF 1.15% 388,797 $17.1M Reduce -18.8%
AMZN Amazon.com Inc. 1.08% 64,931 $16.0M Add +19.1%
GOOGL Alphabet Inc. Class A 1.07% 47,777 $15.9M Add +0.2%
WEC WEC Energy Group Inc. 0.98% 138,208 $14.5M Add +2.7%
VB Vanguard Most SM-Cap ETF-Usd 0.92% 50,012 $13.6M Add +23.2%
IVV iShares Core S&P 500 ETF 0.85% 18,022 $12.6M Add +0.9%
VTV Vanguard Mrngstr Val ETF-Aui 0.83% 62,921 $12.4M Add +12.7%
VGSH Vanguard Short-Term Treasury 0.77% 194,125 $11.4M Reduce -5.7%
GOOG Alphabet Inc. Class C 0.76% 33,704 $11.2M Add +43.1%
MUB iShares National Muni Bond E 0.72% 99,281 $10.7M Add +3.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.68% 14,510 $10.1M Add +2.8%
SUB iShares Short-Term National 0.56% 77,478 $8.3M Add +14.2%
YLD Principal Act Hi YLD ETF 0.56% 433,302 $8.3M Reduce -19.7%
VUG Vanguard Mrngstar GR ETF-Sui 0.56% 16,740 $8.2M Reduce -8.0%
HD Home Depot Inc. 0.55% 21,667 $8.1M Add +2.9%
KO The Coca-Cola Co. 0.54% 114,363 $8.1M Add +19.2%
AMLP Alerian MLP ETF 0.52% 160,871 $7.8M Reduce -24.9%
META Meta Platforms Inc. Class A 0.49% 11,446 $7.3M Add +17.0%
AMJB Alerian MLP ETN2044 filed as JPMORGAN CHASE FINL CO LLC 0.44% 211,761 $6.5M Reduce -57.0%
OSK Oshkosh Corp. 0.43% 42,601 $6.4M Reduce -0.3%
WMT Walmart Inc. 0.40% 49,948 $5.9M Add +4.4%
AVGO Broadcom Inc. 0.38% 16,047 $5.7M Add +21.3%
VONE Vanguard Russell 1000 0.34% 16,135 $5.1M New
MDY State Street SPDR S&P Midcap 0.34% 8,023 $5.1M Add +13.6%
BFC Bank First Corp. 0.34% 40,765 $5.0M Reduce -9.9%
PEP Pepsico Inc. 0.33% 35,081 $5.0M Reduce -17.7%
BA The Boeing Co. 0.33% 20,406 $4.9M Add +10.0%
ABT Abbott Laboratories 0.31% 36,484 $4.5M Reduce -7.6%
XOM Exxon Mobil Corp. 0.31% 36,660 $4.5M Add +6.2%
TSLA Tesla Inc. 0.31% 10,109 $4.5M Add +5.1%
ETN Eaton Corp. PLC 0.30% 13,674 $4.5M Add +11.7%
VGIT Vanguard Intermediate-Term T 0.30% 74,685 $4.5M Add +5.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.29% 27,737 $4.4M Add +14.6%
LLY Eli Lilly & Co. 0.29% 3,917 $4.2M Add +13.3%
COST Costco Wholesale Corp. 0.28% 4,429 $4.2M Add +22.4%
PM Philip Morris International 0.28% 24,999 $4.1M Add +0.4%
MU Micron Technology Inc. 0.26% 11,116 $3.8M Add +5.7%
ORCL Oracle Corp. 0.25% 18,208 $3.7M Add +6.9%
MA Mastercard Inc. Class A 0.25% 6,519 $3.7M Add +35.2%
DFAC Dimensional US Core Equity 2 0.24% 89,230 $3.6M Reduce -19.4%
VTI VG Morningstar TS MKT ETF-US 0.24% 10,470 $3.6M Reduce -2.9%
CAT Caterpillar Inc. 0.24% 5,691 $3.6M Add +15.3%
JNJ Johnson & Johnson 0.23% 16,128 $3.4M Add +8.6%
WFC Wells Fargo & Co. 0.22% 34,538 $3.3M Reduce -0.7%
CSCO Cisco Systems Inc. 0.22% 44,183 $3.3M Add +16.4%
SPSM SS SPDR P S&P 600 Small Cap 0.21% 63,476 $3.1M Add +3.4%
RTX RTX Corp. 0.20% 15,217 $2.9M Add +13.5%
CWI State Street SPDR MSCI Acwi 0.19% 73,730 $2.8M New
SPDW Ste STR SPDR PT DW Eu ETF 0.18% 58,053 $2.7M Reduce -8.9%
ASB Associated Banc-Corp. 0.18% 100,421 $2.6M No change
MCD McDonald's Corp. 0.17% 8,412 $2.6M Add +14.8%
SCHW Schwab (charles) Corp. 0.17% 25,183 $2.6M Add +7.4%
VIG Vanguard Dividend Apprec ETF 0.17% 11,357 $2.6M Reduce -0.4%
IVW iShares S&P 500 Growth ETF 0.17% 20,367 $2.5M No change
BX Blackstone Inc. 0.17% 15,985 $2.5M Add +26.5%
IWF iShares Russell 1000 Growth 0.16% 5,113 $2.4M Reduce -20.3%
AMD Advanced Micro Devices 0.16% 11,742 $2.4M Add +24.8%
SPTM SS SPDR P S&P 1500 Comp ETF 0.16% 28,587 $2.4M Add +43.9%
ABBV Abbvie Inc. 0.16% 10,869 $2.4M Reduce -3.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.15% 7,313 $2.3M Reduce -2.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.15% 19,320 $2.2M Add +12.8%
IWP iShares Russell Mid-Cap Grow 0.14% 15,203 $2.1M Add +149.2%
GLIX Lazard Listed Infrastructure 0.14% 84,500 $2.1M New
ADI Analog Devices Inc. 0.14% 7,088 $2.1M Add +63.7%
TRV The Travelers Cos Inc. 0.14% 7,340 $2.1M New
SCZ iShares MSCI Eafe Small-Cap 0.14% 25,347 $2.0M Add +11.3%
V Visa Inc. Class A 0.13% 5,611 $1.9M Add +1.2%
CVX Chevron Corp. 0.13% 11,738 $1.9M Reduce -3.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.13% 34,401 $1.9M Reduce -0.3%
CRM Salesforce Inc. 0.13% 7,237 $1.9M Add +36.0%
GD General Dynamics Corp. 0.12% 5,107 $1.8M Add +25.4%
IWO iShares Russell 2000 Growth 0.12% 5,293 $1.8M New
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.12% 4,112 $1.7M Reduce -0.2%
C Citigroup Inc. 0.11% 14,398 $1.7M Add +38.1%
NEE Nextera Energy Inc. 0.11% 20,223 $1.6M Add +14.3%
HON Honeywell International Inc. 0.11% 7,835 $1.6M Reduce -25.9%
IVE iShares S&P 500 Value ETF 0.11% 7,520 $1.6M No change
NFLX Netflix Inc. 0.11% 18,144 $1.6M Add +5.7%
GE General Electric filed as GE AEROSPACE 0.11% 4,998 $1.6M Reduce -6.4%
MO Altria Group Inc. 0.11% 27,540 $1.6M Add +3.8%
COR Cencora Inc. 0.11% 4,659 $1.6M Add +45.9%
COF Capital One Financial Corp. 0.10% 6,584 $1.5M Reduce -6.6%
NSC Norfolk Southern Corp. 0.10% 5,299 $1.5M Add +13.9%
TFI SS SPDR N Ice Muni Bond ETF 0.10% 31,802 $1.5M Reduce -5.1%
TMO Thermo Fisher Scientific Inc. 0.10% 2,329 $1.4M Reduce -9.3%
RBC RBC Bearings Inc. 0.10% 2,910 $1.4M Reduce -0.9%
PANW Palo Alto Networks Inc. 0.10% 7,511 $1.4M Add +58.2%
MS Morgan Stanley 0.10% 7,600 $1.4M Add +1.6%
MRK Merck & Co. Inc. 0.09% 12,786 $1.4M Add +9.1%
CVS CVS Health Corp. 0.09% 17,352 $1.4M Add +22.6%
PLTR Palantir Technologies Inc. Class A 0.09% 7,734 $1.4M Reduce -3.8%
ICE Intercontinental Exchange Inc. 0.09% 8,184 $1.4M Add +19.0%
DE Deere & Co. 0.09% 2,752 $1.4M Reduce -1.2%
UNH Unitedhealth Group Inc. 0.09% 3,893 $1.3M Reduce -2.6%
LOW Lowe's Cos Inc. 0.09% 4,838 $1.3M Add +33.6%
SPMD SS SPDR P S&P 400 Midcap ETF 0.09% 21,482 $1.3M Reduce -30.0%
IWD iShares Russell 1000 Value E 0.09% 5,961 $1.3M Reduce -16.9%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.09% 4,473 $1.3M Reduce -4.4%
KEYS Keysight Technologies Inc. 0.09% 6,105 $1.3M Add +3.3%
PFE Pfizer Inc. 0.08% 49,120 $1.2M Add +15.5%
GSK GSK PLC-Spon ADR 0.08% 24,429 $1.2M Add +61.1%
SLB SLB Ltd. filed as SLB LIMITED 0.08% 26,954 $1.2M Add +34.7%
BKNG Booking Holdings Inc. 0.08% 225 $1.2M Add +0.9%
MPC Marathon Petroleum Corp. 0.08% 6,611 $1.2M Reduce -0.1%
INTU Intuit Inc. 0.08% 1,822 $1.2M Add +41.0%
SHOP Shopify Inc. Class A 0.08% 6,863 $1.2M Add +91.1%
AOA iShares Core 80/20 Aggressiv 0.08% 12,561 $1.2M Add +0.3%
VYM Vanguard High DVD Yield ETF 0.08% 7,779 $1.1M Add +31.5%
DAL Delta Air Lines Inc. 0.08% 16,048 $1.1M Reduce -0.4%
AMT American Tower Corp. 0.08% 6,542 $1.1M Add +6.3%
MPWR Monolithic Power Systems Inc. 0.07% 1,137 $1.1M Reduce -12.3%
ROL Rollins Inc. 0.07% 18,012 $1.1M Reduce -0.9%
LRCX Lam Research Corp. 0.07% 4,954 $1.1M Reduce -17.2%
EMR Emerson Electric Co. 0.07% 7,442 $1.1M Add +93.3%
PSX Phillips 66 0.07% 7,610 $1.1M Add +5.2%
AVDE Avantis International Equity 0.07% 12,392 $1.1M New
AMAT Applied Materials Inc. 0.07% 3,412 $1.0M Add +3.0%
AXON Axon Enterprise Inc. 0.07% 1,637 $1.0M Add +3.1%
EXLS Exlservice Holdings Inc. 0.07% 24,419 $1.0M Reduce -3.4%
EFA iShares MSCI Eafe ETF 0.07% 10,154 $1.0M Add +9.3%
BMY Bristol-Myers Squibb Co. 0.07% 18,088 $1.0M Add +19.1%
COP Conocophillips 0.07% 10,352 $989K Add +0.9%
MDLZ Mondelez International Inc. Class A 0.07% 17,762 $975K Reduce -5.1%
KKR KKR & Co. Inc. 0.06% 7,180 $962K Add +42.3%
VNQ Vanguard Real Estate ETF 0.06% 10,698 $958K Reduce -1.4%
UNP Union Pacific Corp. 0.06% 4,164 $956K Add +0.1%
IEFA iShares Core MSCI Eafe ETF 0.06% 10,308 $955K Reduce -55.6%
PGR Progressive Corp. 0.06% 4,366 $945K Add +0.2%
ASML ASML Holding NV-NY Reg SHS 0.06% 736 $943K Reduce -2.3%
YUM Yum! Brands Inc. 0.06% 5,999 $941K Add +77.8%
NOW ServiceNow Inc. 0.06% 6,582 $939K Reduce -10.0%
IWB iShares Russell 1000 ETF 0.06% 2,450 $934K Add +91.1%
PLXS Plexus Corp. 0.06% 5,747 $922K Reduce -2.1%
FCX Freeport-McMoran Inc. 0.06% 15,461 $908K Add +53.6%
VXF Vanguard Extended Market ETF 0.06% 4,134 $906K New
BDX Becton Dickinson and Co. 0.06% 4,455 $903K Add +13.5%
SLV iShares Silver Trust 0.06% 11,571 $894K Add +21.0%
MNST Monster Beverage Corp. 0.06% 11,527 $893K Add +0.3%
XEL Xcel Energy Inc. 0.06% 12,044 $891K Add +19.6%
PFF iShares Preferred & Income S 0.06% 28,164 $891K Add +1.3%
APH Amphenol Corp. Class A 0.06% 6,130 $890K Add +22.3%
WMS Advanced Drainage Systems Inc. 0.06% 5,570 $873K Reduce -2.0%
GMED Globus Medical Inc. Class A 0.06% 9,520 $873K Reduce -5.2%
ACN Accenture PLC Class A 0.06% 3,102 $871K Add +25.2%
MDT Medtronic PLC 0.06% 8,912 $864K Add +142.9%
AXP American Express Co. 0.06% 2,400 $863K Add +0.3%
BURL Burlington Stores Inc. 0.06% 2,824 $853K Reduce -2.7%
GS Goldman Sachs Group Inc. 0.06% 876 $832K Add +66.9%
QQQ Invesco QQQ Trust Series 1 0.06% 1,325 $831K Add +25.9%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.06% 2,551 $818K Add +6.9%
SYK Stryker Corp. 0.05% 2,242 $810K Reduce -14.3%
VXUS Vanguard Total Intl Stock 0.05% 10,088 $792K Add +32.6%
BCPC Balchem Corp. 0.05% 4,969 $791K Reduce -2.0%
KMB Kimberly-Clark Corp. 0.05% 7,951 $781K Reduce -7.0%
T AT&T Inc. 0.05% 32,843 $780K Reduce -2.5%
LMT Lockheed Martin Corp. 0.05% 1,408 $776K Add +1.7%
TPR Tapestry Inc. 0.05% 5,606 $750K Add +72.3%
SPAB SS SPDR P Agg Bond ETF 0.05% 28,473 $735K Reduce -3.0%
DHR Danaher Corp. 0.05% 3,071 $734K Add +17.5%
EOG EOG Resources Inc. 0.05% 6,928 $731K Reduce -1.2%
BLK BlackRock Inc. 0.05% 668 $728K Reduce -21.5%
BIIB Biogen Inc. 0.05% 3,915 $727K Add +39.7%
AAON Aaon Inc. 0.05% 8,509 $726K Reduce -9.3%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.05% 5,401 $723K Add +2.8%
VWO Vanguard Ftse Emerging Marke 0.05% 12,805 $721K Add +46.3%
FDVV Fidelity High Dividend ETF 0.05% 12,605 $721K Add +21.9%
CARR Carrier Global Corp. 0.05% 13,008 $720K Reduce -23.1%
MRSH Marsh & McLennan Cos 0.05% 3,868 $718K Add +7.8%
VZ Verizon Communications Inc. 0.05% 17,942 $715K Reduce -8.5%
ISRG Intuitive Surgical Inc. 0.05% 1,233 $706K Add +3.3%
ROAD Construction Partners Inc. Class A 0.05% 5,962 $698K Add +193.3%
CEG Constellation Energy 0.05% 2,044 $686K Add +9.5%
TYL Tyler Technologies Inc. 0.05% 1,510 $674K Reduce -28.8%
OLLI Ollie's Bargain Outlet Holdi 0.04% 5,592 $668K Reduce -1.3%
IWM iShares Russell 2000 ETF 0.04% 2,554 $668K Reduce -2.8%
NKE Nike Inc. Class B 0.04% 10,147 $666K Reduce -18.1%
CDNS Cadence Design SYS Inc. 0.04% 2,002 $652K Reduce -2.1%
GUNR NT Mstar GLBL NR ETF 0.04% 13,545 $648K Reduce -12.9%
MAS Masco Corp. 0.04% 9,254 $644K Reduce -10.8%
GEV GE Vernova Inc. 0.04% 996 $637K Add +0.1%
RGEN Repligen Corp. 0.04% 3,770 $635K Reduce -27.2%
TXN Texas Instruments Inc. 0.04% 3,333 $630K Reduce -10.5%
TSM Taiwan Semiconductor-SP ADR 0.04% 1,890 $627K Reduce -0.1%
CMI Cummins Inc. 0.04% 1,101 $619K Add +1.6%
MOFG Midwestone Financial Group I 0.04% 15,496 $618K New
AGG iShares Core U.S. Aggregate 0.04% 6,148 $615K Reduce -52.8%
IGF iShares Global Infrastructur 0.04% 9,908 $613K Reduce -86.0%
ORLY O'reilly Automotive Inc. 0.04% 6,361 $608K Add +14.6%
RYAN Ryan Specialty Holdings Inc. 0.04% 11,911 $604K Reduce -3.3%
IWN iShares Russell 2000 Value E 0.04% 3,152 $604K Add +85.0%
IJR iShares Core S&P Small-Cap E 0.04% 4,724 $598K Add +21.3%
UBER Uber Technologies Inc. 0.04% 6,973 $590K Reduce -18.4%
IYW iShares Ustechnology ETF 0.04% 2,893 $586K Add +1.3%
SHM SS SPDR N Ice St Muni ETF 0.04% 12,074 $581K Reduce -18.8%
PYPL PayPal Holdings Inc. 0.04% 10,123 $580K Add +9.8%
IBIT iShares Bitcoin Trust ETF 0.04% 11,074 $574K Add +49.2%
ADBE Adobe Inc. 0.04% 1,715 $562K Reduce -13.8%
AMGN Amgen Inc. 0.04% 1,699 $553K Reduce -6.3%
DSGX The Descartes Systems Grp 0.04% 6,094 $540K Reduce -11.8%
ETR Entergy Corp. 0.04% 5,745 $537K Add +1.2%
FERG Ferguson Enterprises Inc. 0.04% 2,195 $530K Reduce -13.8%
SCHD Schwab US DVD Equity ETF 0.04% 18,544 $529K Reduce -1.9%
IJH iShares Core S&P Midcap ETF 0.04% 7,529 $521K Reduce -38.8%
FIS Fidelity National Info Serv 0.04% 7,848 $520K Reduce -16.7%
CSX CSX Corp. 0.03% 14,673 $517K Reduce -8.3%
SNDR Schneider National Inc. Class B 0.03% 17,802 $512K New
HQY Healthequity Inc. 0.03% 6,021 $509K Add +160.9%
EPD Enterprise Products Partners 0.03% 15,791 $507K Add +8.0%
PLD Prologis Inc. 0.03% 3,916 $505K Add +3.8%
KNSL Kinsale Capital Group Inc. 0.03% 1,288 $503K Reduce -18.6%
VMC Vulcan Materials Co. 0.03% 1,622 $502K Add +3.3%
BP BP PLC-Spons ADR 0.03% 14,580 $502K Add +1.0%
IEMG iShares Core MSCI Emerging 0.03% 7,031 $499K Reduce -48.2%
JCI Johnson Controls Internation 0.03% 4,428 $493K Add +7.3%
ZBH Zimmer Biomet Holdings Inc. 0.03% 5,380 $492K Add +52.2%
CPRT Copart Inc. 0.03% 12,050 $481K Reduce -38.3%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.03% 3,986 $481K Add +3.3%
IWR iShares Russell Mid-Cap ETF 0.03% 4,743 $475K New
WTM White Mountains Insurance GP 0.03% 230 $474K Add +8.0%
VTWO Vanguard Russell 2000 ETF 0.03% 4,438 $469K New
CSL Carlisle Cos Inc. 0.03% 1,311 $467K Add +26.4%
PFGC Performance Food Group Co. 0.03% 5,038 $464K No change
APD Air Products & Chemicals Inc. 0.03% 1,729 $462K Reduce -24.0%
FICO Fair Isaac Corp. 0.03% 283 $462K Reduce -19.4%
MMM 3M Co. 0.03% 2,747 $461K Add +11.0%
PSLV Sprott Physical Silver Trust 0.03% 16,240 $457K No change
DBEF Xtrackers MSCI Eafe Hedged E 0.03% 9,083 $456K No change
SONY Sony Group Corp. - SP ADR 0.03% 18,097 $456K Add +2.5%
IDXX Idexx Laboratories Inc. 0.03% 626 $454K Add +13.0%
DFAX Dimensional World Ex US Core 0.03% 13,150 $448K Add +19.8%
NXPI NXP Semiconductors NV 0.03% 1,875 $447K Reduce -5.4%
VDC Vanguard Consumer Staple ETF 0.03% 2,034 $444K No change
EXPO Exponent Inc. 0.03% 5,952 $443K Reduce -42.5%
HEI.A Heico Corp. Class A 0.03% 1,611 $442K Add +22.1%
VEU Vanguard Ftse All-World Ex-U 0.03% 5,770 $442K Add +3.7%
VOOG Vanguard S&P 500 Growth ETF 0.03% 965 $435K Add +4.9%
LIN Linde PLC 0.03% 973 $432K Add +5.3%
URI United Rentals Inc. 0.03% 446 $423K Add +1.1%
ROP Roper Technologies Inc. 0.03% 978 $423K Add +20.4%
ONTO Onto Innovation Inc. 0.03% 2,213 $423K Reduce -28.4%
CMCSA Comcast Corp. Class A 0.03% 14,530 $422K Reduce -48.2%
SCHX Schwab US Large-Cap ETF 0.03% 15,265 $419K New
WM Waste Management Inc. 0.03% 1,911 $418K Reduce -17.3%
CME Cme Group Inc. 0.03% 1,576 $418K Add +19.7%
INTC Intel Corp. 0.03% 9,445 $416K Reduce -3.5%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.03% 2,243 $411K Add +9.6%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.03% 1,551 $411K Reduce -0.8%
QCOM Qualcomm Inc. 0.03% 2,414 $409K Add +13.9%
CB Chubb Ltd. 0.03% 1,332 $408K Add +5.0%
OSBC Old Second Bancorp Inc. 0.03% 20,210 $399K No change
CRWD CrowdStrike Holdings Inc. Class A 0.03% 853 $398K Add +0.6%
FISV Fiserv Inc. 0.03% 5,797 $395K Reduce -21.6%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.03% 1,228 $395K Reduce -18.9%
ADP Automatic Data Processing 0.03% 1,497 $393K Reduce -14.4%
AEP American Electric Power 0.03% 3,348 $390K Add +9.6%
SHW The Sherwin-Williams Co. 0.03% 1,091 $390K Reduce -6.4%
PNC PNC Financial Services Group 0.03% 1,797 $388K Reduce -31.1%
PHYS Sprott Physical Gold Trust 0.03% 11,035 $386K No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.03% 8,972 $382K Add +15.6%
DUK Duke Energy Corp. 0.03% 3,256 $380K Reduce -21.9%
EEM iShares MSCI Emerging Market 0.03% 6,516 $378K Add +2.9%
BSX Boston Scientific Corp. 0.03% 3,932 $376K Add +32.6%
PCAR Paccar Inc. 0.03% 3,171 $376K Add +2.4%
MET Metlife Inc. 0.03% 4,736 $371K Add +0.4%
USB US Bancorp 0.02% 6,799 $370K Reduce -3.7%
SO The Southern Co. 0.02% 4,262 $370K Reduce -19.5%
APP AppLovin Corp. Class A 0.02% 550 $362K Reduce -0.5%
AOR iShares Core 60/40 Balanced 0.02% 5,458 $361K Add +0.6%
ICSH iShares Ultra Short Duration 0.02% 7,130 $361K Add +20.5%
ARMK Aramark 0.02% 9,300 $361K Reduce -3.9%
ACGL Arch Capital Group Ltd. 0.02% 3,855 $359K Add +29.3%
WSO Watsco Inc. 0.02% 951 $358K Reduce -37.4%
JEPI JPMorgan Equity Premium Inco 0.02% 6,124 $357K Add +6.7%
CHD Church & Dwight Co. Inc. 0.02% 4,110 $356K Reduce -40.4%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.02% 3,872 $356K Reduce -10.6%
TECH Bio-Techne Corp. 0.02% 5,260 $350K Reduce -31.8%
DOV Dover Corp. 0.02% 1,721 $350K Reduce -1.0%
CVNA Carvana Co. 0.02% 751 $349K Add +16.6%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.02% 1,831 $348K Add +1.4%
UPS United Parcel Service Class B 0.02% 3,201 $346K Add +5.2%
VOOV Vanguard S&P 500 Value ETF 0.02% 1,642 $345K No change
VGT Vanguard Info Tech ETF 0.02% 449 $344K Add +2.0%
LNT Alliant Energy Corp. 0.02% 5,259 $343K Add +1.6%
XETYX Eaton Vance Tax-MGD Div Eqty 0.02% 22,045 $342K Reduce -4.1%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.02% 1,535 $340K Reduce -8.3%
AMP Ameriprise Financial Inc. 0.02% 665 $339K Add +0.5%
CSGP Costar Group Inc. 0.02% 5,693 $338K Reduce -41.0%
PLUS Eplus Inc. 0.02% 3,800 $337K Add +13.9%
NOVT Novanta Inc. 0.02% 2,600 $335K Reduce -35.7%
CI The Cigna Group 0.02% 1,209 $334K Reduce -6.9%
STX Seagate Technology Holdings 0.02% 1,029 $331K Reduce -16.9%
AB Alliancebernstein Holding LP 0.02% 8,598 $331K No change
ANET Arista Networks Inc. 0.02% 2,675 $330K Add +70.4%
FDX FedEx Corp. 0.02% 1,058 $330K Reduce -1.2%
PHG Koninklijke Philips NVR- NY 0.02% 11,011 $328K Add +1.7%
VRTX Vertex Pharmaceuticals Inc. 0.02% 711 $327K Reduce -14.8%
AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO 0.02% 4,797 $315K New
ECL Ecolab Inc. 0.02% 1,162 $315K Add +2.7%
KMI Kinder Morgan Inc. 0.02% 11,642 $313K Add +2.0%
DDOG Datadog Inc. Class A 0.02% 2,471 $313K Add +8.8%
GILD Gilead Sciences Inc. 0.02% 2,542 $312K Add +9.2%
POOL Pool Corp. 0.02% 1,191 $308K Reduce -42.4%
ARES Ares Management Corp. Class A 0.02% 1,766 $308K Reduce -4.1%
LHX L3HARRIS Technologies Inc. 0.02% 898 $306K New
SNOW Snowflake Inc. 0.02% 1,381 $304K Add +29.3%
SPOT Spotify Technology SA 0.02% 571 $303K Reduce -0.7%
D Dominion Energy Inc. 0.02% 5,169 $302K Add +9.7%
AVY Avery Dennison Corp. 0.02% 1,604 $302K Reduce -4.6%
FAST Fastenal Co. 0.02% 7,177 $299K Reduce -3.8%
AOK iShares Core 30/70 Conservat 0.02% 7,260 $295K Add +0.2%
EPAM Epam Systems Inc. 0.02% 1,390 $294K Reduce -43.5%
RWO State Street SPDR Dow Jones 0.02% 6,402 $294K Reduce -18.4%
TGT Target Corp. 0.02% 2,757 $293K Add +30.1%
STE Steris PLC 0.02% 1,122 $293K Add +20.1%
AMCR Amcor PLC 0.02% 33,925 $292K Reduce -14.3%
VRSK Verisk Analytics Inc. 0.02% 1,293 $291K Reduce -6.1%
RJF Raymond James Financial Inc. 0.02% 1,687 $288K Add +1.9%
LAD Lithia Motors Inc. 0.02% 867 $287K Add +22.6%
TBUX T Rowe Price Ultra Short-Ter 0.02% 5,718 $285K New
MUSA Murphy USA Inc. 0.02% 646 $285K Add +11.4%
BR Broadridge Financial Solutio 0.02% 1,262 $281K Add +29.3%
HII Huntington Ingalls Industrie 0.02% 702 $280K Reduce -14.9%
IWS iShares Russell Mid-Cap Valu 0.02% 1,894 $278K Reduce -30.1%
EQT Eqt Corp. 0.02% 5,328 $278K Add +1.3%
GLD SPDR Gold Shares 0.02% 654 $276K Reduce -12.3%
DGRO iShares Core Dividend Growth 0.02% 3,878 $276K Reduce -65.3%
SPHQ Invesco S&P 500 Quality ETF 0.02% 3,530 $274K New
COO The Cooper Cos Inc. 0.02% 3,291 $274K Add +7.9%
GLW Corning Inc. 0.02% 3,112 $274K Reduce -9.5%
SYY Sysco Corp. 0.02% 3,617 $269K Reduce -25.3%
ALL Allstate Corp. 0.02% 1,287 $269K Add +9.2%
AHR American Healthcare REIT Inc. 0.02% 5,608 $267K Reduce -5.7%
MTW Manitowoc Company Inc. 0.02% 19,083 $263K Reduce -0.7%
CMG Chipotle Mexican Grill Inc. 0.02% 6,505 $262K Reduce -66.3%
DGX Quest Diagnostics Inc. 0.02% 1,479 $260K Reduce -17.6%
OKLO Oklo Inc. 0.02% 2,524 $259K Add +12.1%
HPE Hewlett Packard Enterprise 0.02% 11,638 $257K Add +23.1%
ITW Illinois Tool Works 0.02% 1,009 $257K Reduce -4.1%
SGDM Sprott Gold Miners ETF 0.02% 3,300 $256K No change
SHEL Shell PLC-ADR 0.02% 3,568 $256K Add +3.0%
NLY Annaly Capital Management Inc. 0.02% 10,993 $255K New
STZ Constellation Brands Inc. Class A 0.02% 1,673 $254K New
VCR Vanguard Consumer Discre ETF 0.02% 613 $253K No change
XLF SS Financial Select Sector 0.02% 4,539 $251K Add +10.1%
TMUS T-Mobile US Inc. 0.02% 1,270 $251K Reduce -16.0%
XLE SS Energy Select Sector 0.02% 5,327 $247K Reduce -4.5%
SGDJ Sprott Jr. Gold Miners ETF 0.02% 2,655 $245K No change
DCI Donaldson Co. Inc. 0.02% 2,540 $244K New
DNP DNP Select Income Fund Inc. 0.02% 24,221 $243K Reduce -6.8%
EW Edwards Lifesciences Corp. 0.02% 2,919 $242K Add +2.7%
ESE Esco Technologies Inc. 0.02% 1,133 $242K Add +11.6%
VFLO Victoryshares Free Cash Flow 0.02% 6,000 $242K No change
FCFS Firstcash Holdings Inc. 0.02% 1,445 $240K Reduce -8.4%
GXO Gxo Logistics Inc. 0.02% 4,126 $238K New
WCC Wesco International Inc. 0.02% 865 $237K Reduce -33.0%
UNF Unifirst Corp. 0.02% 1,170 $236K New
HDUS Hartford Discip Eqty ETF 0.02% 3,546 $235K Add +9.8%
ZION Zions Bancorp NA 0.02% 3,965 $235K Add +1.3%
ET Energy Transfer LP 0.02% 13,630 $234K Reduce -2.7%
AGO Assured Guaranty Ltd. 0.02% 2,621 $233K New
KLAC KLA Corp. 0.02% 163 $233K Reduce -25.6%
HLT Hilton Worldwide Holdings Inc. 0.02% 765 $230K New
SBUX Starbucks Corp. 0.02% 2,551 $230K Reduce -5.3%
GNW Genworth Financial Inc. 0.02% 25,788 $227K Add +13.4%
AOM iShares Core 40/60 Moderate 0.02% 4,690 $227K Reduce -36.1%
CXW Corecivic Inc. 0.02% 11,227 $227K Reduce -4.9%
NOC Northrop Grumman Corp. 0.02% 360 $227K Add +6.5%
HUBS HubSpot Inc. 0.02% 601 $226K Reduce -42.0%
BBWI Bath & Body Works Inc. 0.02% 10,009 $226K Reduce -11.2%
F Ford Motor Co. filed as FORD MTR CO 0.02% 16,100 $226K Add +5.9%
BBAG JPMorgan Betabuilders US Agg 0.02% 4,841 $225K Reduce -79.7%
RDVY First Trust Rising Dividend 0.02% 3,099 $225K Add +3.0%
IAU iShares Gold Trust 0.02% 2,596 $225K New
HST Host Hotels & Resorts Inc. 0.01% 12,078 $222K Add +0.4%
SAP Sap SE-Sponsored ADR 0.01% 880 $219K Add +1.7%
HUM Humana Inc. 0.01% 791 $219K New
MGRC McGrath Rentcorp 0.01% 1,969 $216K Reduce -11.1%
IT Gartner Inc. 0.01% 891 $216K Reduce -2.7%
ATR Aptargroup Inc. 0.01% 1,709 $214K New
SDY SS SPDR S&P Dividend ETF 0.01% 1,478 $213K Add +1.4%
GM General Motors Co. 0.01% 2,532 $210K New
TXRH Texas Roadhouse Inc. 0.01% 1,115 $210K New
ICLR Icon PLC 0.01% 1,161 $209K New
WEX Wex Inc. 0.01% 1,293 $208K Reduce -5.1%
GWX State Street SPDR S&P Intern 0.01% 4,910 $208K New
XLK SS Technology Select Sector 0.01% 1,402 $206K Reduce -43.2%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.01% 1,922 $205K Add +1.2%
BSV Vanguard Short-Term Bond ETF 0.01% 2,599 $205K Add +0.2%
SPGI S&P Global Inc. 0.01% 375 $204K New
VTR Ventas Inc. 0.01% 2,673 $202K New
PR Permian Resources Corp. Class A 0.01% 13,723 $192K Add +1.8%
WNC Wabash National Corp. 0.01% 15,334 $165K Add +0.9%
AGNC AGNC Investment Corp. 0.01% 14,348 $163K No change
CLF Cleveland-Cliffs Inc. 0.01% 10,937 $141K Reduce -20.5%
CERT Certara Inc. 0.01% 13,092 $123K Reduce -57.2%
NOK Nokia Corp.-Spon ADR 0.01% 15,510 $102K No change
LYG Lloyds Banking Group PLC-ADR 0.00% 12,659 $69K New
GTN Gray Media Inc. 0.00% 14,955 $65K Add +1.7%
INV Innventure Inc. 0.00% 14,311 $62K Reduce -7.3%
AMBP Ardagh Metal Packaging SA 0.00% 10,000 $43K No change
AKBA Akebia Therapeutics Inc. 0.00% 20,000 $28K No change
ALIT Alight Inc. Class A 0.00% 16,269 $27K Add +30.1%
HRTX Heron Therapeutics Inc. 0.00% 16,000 $24K No change

Portfolio Sells Q3 2025 → Q4 2025

SPYV SS SPDR P S&P 500 Value ETF Reduce -61.9% 4.74% −9.01
SPYG SS SPDR P S&P 500 Growth ETF Reduce -62.0% 4.27% −8.27
AMJB Alerian MLP ETN2044 Reduce -57.0% 0.44% −0.67
AVRE Avantis Real Estate ETF Reduce -18.8% 1.15% −0.49
PG The Procter & Gamble Co. Reduce -3.1% 1.20% −0.32
IGF iShares Global Infrastructur Reduce -86.0% 0.04% −0.30
YLD Principal Act Hi YLD ETF Reduce -19.7% 0.56% −0.25
AMLP Alerian MLP ETF Reduce -24.9% 0.52% −0.25
VGSH Vanguard Short-Term Treasury Reduce -5.7% 0.77% −0.17
TRAVELERS COMPANIES INC Sold out 0.00% −0.16
PEP Pepsico Inc. Reduce -17.7% 0.33% −0.13
VUG Vanguard Mrngstar GR ETF-Sui Reduce -8.0% 0.56% −0.13
BFC Bank First Corp. Reduce -9.9% 0.34% −0.13
ABT Abbott Laboratories Reduce -7.6% 0.31% −0.10
IEFA iShares Core MSCI Eafe ETF Reduce -55.6% 0.06% −0.10
DFAC Dimensional US Core Equity 2 Reduce -19.4% 0.24% −0.09
GII State Street SPDR S&P Global Sold out 0.00% −0.08
BBAG JPMorgan Betabuilders US Agg Reduce -79.7% 0.02% −0.07
IWF iShares Russell 1000 Growth Reduce -20.3% 0.16% −0.07
HON Honeywell International Inc. Reduce -25.9% 0.11% −0.06
AGG iShares Core U.S. Aggregate Reduce -52.8% 0.04% −0.06
SPMD SS SPDR P S&P 400 Midcap ETF Reduce -30.0% 0.09% −0.05
FISV Fiserv Inc. Reduce -21.6% 0.03% −0.05
CMG Chipotle Mexican Grill Inc. Reduce -66.3% 0.02% −0.04
ABBV Abbvie Inc. Reduce -3.7% 0.16% −0.04
DGRO iShares Core Dividend Growth Reduce -65.3% 0.02% −0.04
NOW ServiceNow Inc. Reduce -10.0% 0.06% −0.04
CMCSA Comcast Corp. Class A Reduce -48.2% 0.03% −0.04
TREX Trex Company Inc. Sold out 0.00% −0.04
CSGP Costar Group Inc. Reduce -41.0% 0.02% −0.04
IEMG iShares Core MSCI Emerging Reduce -48.2% 0.03% −0.04
VERX Vertex Inc. Class A Sold out 0.00% −0.04
CPRT Copart Inc. Reduce -38.3% 0.03% −0.03
TYL Tyler Technologies Inc. Reduce -28.8% 0.05% −0.03
VTI VG Morningstar TS MKT ETF-US Reduce -2.9% 0.24% −0.03
SPDW Ste STR SPDR PT DW Eu ETF Reduce -8.9% 0.18% −0.03
DD Dupont DE Nemours Inc. Sold out 0.00% −0.03
CARR Carrier Global Corp. Reduce -23.1% 0.05% −0.03
KMB Kimberly-Clark Corp. Reduce -7.0% 0.05% −0.03
BLK BlackRock Inc. Reduce -21.5% 0.05% −0.03
POOL Pool Corp. Reduce -42.4% 0.02% −0.03
IJH iShares Core S&P Midcap ETF Reduce -38.8% 0.04% −0.03
IWD iShares Russell 1000 Value E Reduce -16.9% 0.09% −0.03
OXFORD LANE CAP CORP Sold out 0.00% −0.03
OXLC Oxford Lane Capital Corp. Sold out 0.00% −0.03
AAON Aaon Inc. Reduce -9.3% 0.05% −0.03
MDLZ Mondelez International Inc. Class A Reduce -5.1% 0.07% −0.03
PH Parker Hannifin Corp. Sold out 0.00% −0.03
UBER Uber Technologies Inc. Reduce -18.4% 0.04% −0.03
KNSL Kinsale Capital Group Inc. Reduce -18.6% 0.03% −0.02

Portfolio Buys Q3 2025 → Q4 2025

SPYM Ste STR SPDR PT S&P 500 ETF Add +10918.7% 19.90% +19.69
AVEM Avantis Emerging Markets Eq Add +54.5% 4.12% +1.24
VEA Vanguard Ftse Developed ETF Add +27.8% 3.15% +0.49
VONE Vanguard Russell 1000 New 0.34% +0.34
VOO Vanguard S&P 500 ETF Add +39.1% 1.63% +0.33
GOOG Alphabet Inc. Class C Add +43.1% 0.76% +0.30
CWI State Street SPDR MSCI Acwi New 0.19% +0.19
VTEB Vanguard Tax-Exempt Bond ETF Add +23.9% 2.37% +0.18
GOOGL Alphabet Inc. Class A Add +0.2% 1.07% +0.16
GLIX Lazard Listed Infrastructure New 0.14% +0.14
TRV The Travelers Cos Inc. New 0.14% +0.14
AMZN Amazon.com Inc. Add +19.1% 1.08% +0.14
IWO iShares Russell 2000 Growth New 0.12% +0.12
VB Vanguard Most SM-Cap ETF-Usd Add +23.2% 0.92% +0.11
MU Micron Technology Inc. Add +5.7% 0.26% +0.11
ITOT iShares Core S&P Total U.S. Add +14.3% 3.15% +0.09
IWP iShares Russell Mid-Cap Grow Add +149.2% 0.14% +0.08
AVDE Avantis International Equity New 0.07% +0.07
ADI Analog Devices Inc. Add +63.7% 0.14% +0.06
VXF Vanguard Extended Market ETF New 0.06% +0.06
LLY Eli Lilly & Co. Add +13.3% 0.29% +0.06
CAT Caterpillar Inc. Add +15.3% 0.24% +0.05
NVDA Nvidia Corp. Add +19.8% 1.46% +0.05
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +16.1% 2.17% +0.05
KO The Coca-Cola Co. Add +19.2% 0.54% +0.04
MOFG Midwestone Financial Group I New 0.04% +0.04
SPTM SS SPDR P S&P 1500 Comp ETF Add +43.9% 0.16% +0.04
C Citigroup Inc. Add +38.1% 0.11% +0.03
SNDR Schneider National Inc. Class B New 0.03% +0.03
AVGO Broadcom Inc. Add +21.3% 0.38% +0.03
EMR Emerson Electric Co. Add +93.3% 0.07% +0.03
SHOP Shopify Inc. Class A Add +91.1% 0.08% +0.03
IWR iShares Russell Mid-Cap ETF New 0.03% +0.03
GSK GSK PLC-Spon ADR Add +61.1% 0.08% +0.03
VTWO Vanguard Russell 2000 ETF New 0.03% +0.03
MA Mastercard Inc. Class A Add +35.2% 0.25% +0.03
COR Cencora Inc. Add +45.9% 0.11% +0.03
MDT Medtronic PLC Add +142.9% 0.06% +0.03
FCX Freeport-McMoran Inc. Add +53.6% 0.06% +0.03
SLB SLB Ltd. Add +34.7% 0.08% +0.03
SCHX Schwab US Large-Cap ETF New 0.03% +0.03
SLV iShares Silver Trust Add +21.0% 0.06% +0.03
ROAD Construction Partners Inc. Class A Add +193.3% 0.05% +0.03
CRM Salesforce Inc. Add +36.0% 0.13% +0.03
IWB iShares Russell 1000 ETF Add +91.1% 0.06% +0.03
YUM Yum! Brands Inc. Add +77.8% 0.06% +0.02
TJX TJX Companies Inc. Add +14.6% 0.29% +0.02
COST Costco Wholesale Corp. Add +22.4% 0.28% +0.02
GS Goldman Sachs Group Inc. Add +66.9% 0.06% +0.02
VTV Vanguard Mrngstr Val ETF-Aui Add +12.7% 0.83% +0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q4 2025 421$1.5BSPYM, SPYV, SPYG, AVEM, AAPL
Q3 2025 415$1.3BSPYV, SPYG, AAPL, ITOT, AVEM
Q2 2025 407$1.2BSPYV, SPYG, ITOT, AVEM, AAPL
Q1 2025 380$1.0BSPYV, SPYG, BRK.B, ITOT, AAPL
Q4 2024 380$1.1BSPYV, SPYG, ITOT, AAPL, VTEB
Q3 2024 369$1.1BSPYV, SPYG, ITOT, AAPL, VTEB
Q2 2024 354$1.0BSPYV, SPYG, ITOT, AAPL, VEA
Q1 2024 343$984.6MSPYV, SPYG, BND, ITOT, VEA