North Star Investment Management Corp.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 17, 2025), North Star Investment Management Corp. reported 1,197 stock positions worth $1.4 billion. Its top holding was JPMorgan Chase (JPM) at 4.8% of the portfolio, followed by Apple (AAPL, 4.0%) and iShares S&P 500 Growth ETF (IVW, 3.5%). Compared with Q4 2024, it opened 49 new positions, sold out of 65, added to 237 and reduced 237. The biggest buy was iShares MSCI Europe Financia (EUFN, shares +3285%) and the biggest sale KKR (KKR, shares −14%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001342857
- Portfolio Value
- $1.4B (Q1 2025)
- SEC Filing
- 0001062993-25-007620 ↗ filed Apr 17, 2025
Holdings Value
Holdings 1,197 stocks · $1.4B
| JPM JPMorgan Chase & Co. | 4.75% | 265,743 | $65.2M | Reduce -1.2% |
| AAPL Apple Inc. | 4.03% | 249,009 | $55.3M | Reduce -1.6% |
| IVW iShares S&P 500 Growth ETF | 3.54% | 522,677 | $48.5M | Add +0.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 3.16% | 549,858 | $43.4M | Add +2.5% |
| VTI VG Morningstar TS MKT ETF-US | 2.94% | 146,801 | $40.3M | Reduce -0.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.66% | 65,348 | $36.6M | Reduce -2.6% |
| MSFT Microsoft Corp. | 2.66% | 97,241 | $36.5M | Reduce -1.2% |
| IVE iShares S&P 500 Value ETF | 2.52% | 181,562 | $34.6M | Add +2.0% |
| ORI Old Republic Intl Corp. | 2.22% | 775,480 | $30.4M | Add +0.1% |
| BX Blackstone Inc. | 1.64% | 160,760 | $22.5M | Reduce -2.5% |
| VOO Vanguard S&P 500 ETF | 1.54% | 41,137 | $21.1M | Add +3.5% |
| ABBV Abbvie Inc. | 1.18% | 77,383 | $16.2M | Reduce -9.3% |
| MUB iShares National Muni Bond E | 0.97% | 126,473 | $13.3M | Reduce -3.8% |
| UNP Union Pacific Corp. | 0.96% | 55,720 | $13.2M | Reduce -1.6% |
| ORCL Oracle Corp. | 0.96% | 93,750 | $13.1M | Add +0.0% |
| IVV iShares Core S&P 500 ETF | 0.94% | 22,927 | $12.9M | Add +0.2% |
| KKR KKR & Co. Inc. | 0.94% | 111,399 | $12.9M | Reduce -14.0% |
| AMZN Amazon.com Inc. | 0.89% | 64,141 | $12.2M | Reduce -2.7% |
| PAYX Paychex Inc. | 0.84% | 74,507 | $11.5M | Reduce -1.5% |
| GOOGL Alphabet Inc. Class A | 0.82% | 73,159 | $11.3M | Reduce -0.8% |
| ACU Acme United Corp. filed as ACME UTD CORP | 0.82% | 282,323 | $11.2M | Reduce -5.7% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.81% | 32,379 | $11.2M | Reduce -0.3% |
| COST Costco Wholesale Corp. | 0.79% | 11,522 | $10.9M | Add +0.1% |
| DVY iShares Select Dividend ETF | 0.78% | 79,854 | $10.7M | Add +0.3% |
| AMLP Alerian MLP ETF | 0.76% | 199,475 | $10.4M | Add +1.1% |
| JNJ Johnson & Johnson | 0.69% | 57,092 | $9.5M | Reduce -0.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.68% | 19,833 | $9.3M | Reduce -2.3% |
| PEP Pepsico Inc. | 0.67% | 61,398 | $9.2M | Reduce -17.5% |
| IWB iShares Russell 1000 ETF | 0.65% | 28,945 | $8.9M | Add +2.6% |
| XLF SS Financial Select Sector | 0.63% | 174,204 | $8.7M | Add +1.0% |
| ABT Abbott Laboratories | 0.63% | 64,660 | $8.6M | Reduce -1.1% |
| VIG Vanguard Dividend Apprec ETF | 0.62% | 44,186 | $8.6M | Reduce -2.0% |
| VTIP Vanguard Short-Term Tips | 0.62% | 170,461 | $8.5M | Reduce -1.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.62% | 203,264 | $8.5M | Reduce -0.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.60% | 15,355 | $8.2M | Add +5.5% |
| GLD SPDR Gold Shares | 0.59% | 28,002 | $8.1M | Reduce -0.2% |
| VXF Vanguard Extended Market ETF | 0.57% | 45,782 | $7.9M | Add +1.2% |
| ESCA Escalade Inc. | 0.56% | 497,785 | $7.6M | Add +0.0% |
| XOM Exxon Mobil Corp. | 0.55% | 63,482 | $7.5M | Reduce -5.1% |
| AMGN Amgen Inc. | 0.53% | 23,153 | $7.2M | Reduce -5.2% |
| PSTL Postal Realty Trust Inc. Class A | 0.51% | 494,165 | $7.1M | Add +0.6% |
| PG The Procter & Gamble Co. | 0.51% | 41,377 | $7.1M | Add +0.5% |
| LLY Eli Lilly & Co. | 0.49% | 8,188 | $6.8M | Reduce -3.5% |
| EFV iShares MSCI Eafe Value ETF | 0.46% | 108,034 | $6.4M | Add +1.8% |
| QCOM Qualcomm Inc. | 0.44% | 39,233 | $6.0M | Reduce -6.1% |
| CSCO Cisco Systems Inc. | 0.44% | 97,292 | $6.0M | Reduce -3.9% |
| CODI Compass Diversified Holdings | 0.44% | 320,390 | $6.0M | Reduce -9.7% |
| WHG Westwood Holdings Group Inc. | 0.43% | 362,014 | $5.9M | Add +0.0% |
| MCD McDonald's Corp. | 0.42% | 18,260 | $5.7M | Reduce -1.6% |
| SII Sprott Inc. | 0.40% | 123,162 | $5.5M | Reduce -14.4% |
| BOOT Boot Barn Holdings Inc. | 0.39% | 49,900 | $5.4M | Reduce -5.7% |
| BND Vanguard Total Bond Market | 0.38% | 71,814 | $5.3M | Reduce -8.2% |
| TMO Thermo Fisher Scientific Inc. | 0.38% | 10,454 | $5.2M | No change |
| MRK Merck & Co. Inc. | 0.38% | 57,576 | $5.2M | Reduce -1.8% |
| ETD Ethan Allen Interiors Inc. | 0.36% | 179,050 | $5.0M | No change |
| HBB Hamilton Beach Brand-A | 0.36% | 252,600 | $4.9M | Add +17.9% |
| KEX Kirby Corp. | 0.36% | 48,291 | $4.9M | No change |
| BBSI Barrett Business SVCS Inc. | 0.35% | 115,350 | $4.7M | Reduce -0.6% |
| BBW Build-A-Bear Workshop Inc. | 0.34% | 127,325 | $4.7M | Reduce -27.3% |
| GOOG Alphabet Inc. Class C | 0.34% | 30,003 | $4.7M | Reduce -5.8% |
| TGT Target Corp. | 0.34% | 44,588 | $4.7M | Reduce -21.2% |
| MA Mastercard Inc. Class A | 0.34% | 8,435 | $4.6M | Reduce -7.2% |
| WMT Walmart Inc. | 0.33% | 51,392 | $4.5M | Reduce -1.5% |
| PFE Pfizer Inc. | 0.33% | 176,834 | $4.5M | Reduce -1.8% |
| FITB Fifth Third Bancorp | 0.33% | 114,018 | $4.5M | Reduce -2.9% |
| SPHR Sphere Entertainment Co. | 0.32% | 134,305 | $4.4M | Add +0.2% |
| KO The Coca-Cola Co. | 0.32% | 60,795 | $4.4M | No change |
| SBUX Starbucks Corp. | 0.32% | 44,119 | $4.3M | Reduce -1.1% |
| LQDT Liquidity Services Inc. | 0.31% | 138,975 | $4.3M | Reduce -19.8% |
| BHB Bar Harbor Bankshares filed as BAR HBR BANKSHARES | 0.31% | 145,580 | $4.3M | No change |
| EPM Evolution Petroleum Corp. | 0.31% | 828,396 | $4.3M | Reduce -0.6% |
| SGC Superior Group of Cos Inc. | 0.31% | 390,775 | $4.3M | Add +0.3% |
| GRBK Green Brick Partners Inc. | 0.31% | 73,275 | $4.3M | Reduce -6.9% |
| USLM United States Lime & Mineral | 0.31% | 47,400 | $4.2M | Reduce -0.9% |
| EUFN iShares MSCI Europe Financia | 0.30% | 146,653 | $4.2M | Add +3284.6% |
| PGF Invesco Financial Preferred | 0.30% | 290,051 | $4.1M | Reduce -2.7% |
| MDY State Street SPDR S&P Midcap | 0.30% | 7,695 | $4.1M | Add +4.3% |
| LYTS Lsi Industries Inc. | 0.29% | 237,687 | $4.0M | Reduce -0.7% |
| DCI Donaldson Co. Inc. | 0.29% | 60,190 | $4.0M | Reduce -0.3% |
| AMD Advanced Micro Devices | 0.28% | 37,980 | $3.9M | Add +0.2% |
| AEP American Electric Power | 0.28% | 35,600 | $3.9M | Reduce -2.4% |
| HD Home Depot Inc. | 0.28% | 10,599 | $3.9M | Reduce -6.4% |
| CAT Caterpillar Inc. | 0.28% | 11,766 | $3.9M | Reduce -4.4% |
| ALG Alamo Group Inc. | 0.28% | 21,550 | $3.8M | Reduce -2.7% |
| CVX Chevron Corp. | 0.28% | 22,926 | $3.8M | Add +1.5% |
| RCKY Rocky Brands Inc. | 0.28% | 218,625 | $3.8M | Add +1.9% |
| KMI Kinder Morgan Inc. | 0.27% | 132,166 | $3.8M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.27% | 14,757 | $3.7M | Reduce -4.5% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.27% | 3,705 | $3.7M | No change |
| BLBD Blue Bird Corp. | 0.27% | 112,776 | $3.7M | Reduce -32.1% |
| ZTS Zoetis Inc. | 0.26% | 21,965 | $3.6M | Reduce -6.3% |
| FISV Fiserv Inc. | 0.26% | 16,268 | $3.6M | No change |
| VOOV Vanguard S&P 500 Value ETF | 0.26% | 19,311 | $3.6M | Add +0.0% |
| GWRS Global Water Resources Inc. | 0.26% | 342,593 | $3.5M | Add +46.4% |
| NVDA Nvidia Corp. | 0.25% | 32,266 | $3.5M | Add +0.1% |
| EML The Eastern Co. | 0.25% | 137,921 | $3.5M | No change |
| FFA First Trust Enhan Eqty Inc. | 0.25% | 178,828 | $3.5M | Add +5.3% |
| UPS United Parcel Service Class B | 0.25% | 31,372 | $3.5M | Reduce -11.4% |
| WM Waste Management Inc. | 0.25% | 14,896 | $3.4M | Reduce -2.2% |
| META Meta Platforms Inc. Class A | 0.25% | 5,981 | $3.4M | Reduce -0.5% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $1.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 32,200 | $743K | No change |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 8,500 | $388K | New |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 4 | $5K | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 2 | $2K | No change |
Total filed on the 13F, all lines: $1.4B.
Portfolio Sells Q4 2024 → Q1 2025
| KKR KKR & Co. Inc. | Reduce -14.0% | 0.94% | −0.40 |
| AAPL Apple Inc. | Reduce -1.6% | 4.03% | −0.38 |
| IWM iShares Russell 2000 ETF | Reduce -72.8% | 0.12% | −0.36 |
| BX Blackstone Inc. | Reduce -2.5% | 1.64% | −0.34 |
| MSFT Microsoft Corp. | Reduce -1.2% | 2.66% | −0.23 |
| BBW Build-A-Bear Workshop Inc. | Reduce -27.3% | 0.34% | −0.22 |
| TGT Target Corp. | Reduce -21.2% | 0.34% | −0.19 |
| BLBD Blue Bird Corp. | Reduce -32.1% | 0.27% | −0.18 |
| BOOT Boot Barn Holdings Inc. | Reduce -5.7% | 0.39% | −0.17 |
| GOOGL Alphabet Inc. Class A | Reduce -0.8% | 0.82% | −0.15 |
| AES AES Corp. | Reduce -89.9% | 0.02% | −0.14 |
| USLM United States Lime & Mineral | Reduce -0.9% | 0.31% | −0.14 |
| FCX Freeport-McMoran Inc. | Reduce -73.9% | 0.05% | −0.13 |
| CODI Compass Diversified Holdings | Reduce -9.7% | 0.44% | −0.13 |
| AMZN Amazon.com Inc. | Reduce -2.7% | 0.89% | −0.12 |
| PEP Pepsico Inc. | Reduce -17.5% | 0.67% | −0.12 |
| LAKE Lakeland Industries Inc. | Reduce -22.9% | 0.19% | −0.11 |
| HCKT The Hackett Group Inc. | Reduce -31.1% | 0.23% | −0.11 |
| TIPT Tiptree Inc. | Sold out | 0.00% | −0.10 |
| GOOG Alphabet Inc. Class C | Reduce -5.8% | 0.34% | −0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.6% | 2.66% | −0.08 |
| LQDT Liquidity Services Inc. | Reduce -19.8% | 0.31% | −0.08 |
| HDSN Hudson Technologies Inc. | Sold out | 0.00% | −0.07 |
| QRHC Quest Resource Holding Corp. | Sold out | 0.00% | −0.07 |
| UPS United Parcel Service Class B | Reduce -11.4% | 0.25% | −0.06 |
| CARR Carrier Global Corp. | Reduce -24.6% | 0.16% | −0.06 |
| ODC Oil-Dri Corp. of America | Reduce -24.9% | 0.25% | −0.05 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -2.3% | 0.68% | −0.05 |
| FIX Comfort Systems USA Inc. | Reduce -23.7% | 0.07% | −0.04 |
| OSIS Osi Systems Inc. | Reduce -55.3% | 0.05% | −0.04 |
| NATH Nathan's Famous Inc. | Reduce -55.0% | 0.05% | −0.04 |
| VSEC Vse Corp. | Reduce -53.0% | 0.06% | −0.03 |
| SKY Champion Homes Inc. | Reduce -40.5% | 0.07% | −0.03 |
| TSLA Tesla Inc. | Reduce -6.2% | 0.05% | −0.03 |
| MSGE Madison Square Garden Entert | Reduce -8.5% | 0.23% | −0.03 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.3% | 2.94% | −0.03 |
| SIG Signet Jewelers Ltd. | Sold out | 0.00% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -1.8% | 0.38% | −0.03 |
| LYTS Lsi Industries Inc. | Reduce -0.7% | 0.29% | −0.03 |
| PARAA Paramount Global Class B | Reduce -90.2% | 0.00% | −0.03 |
| CAT Caterpillar Inc. | Reduce -4.4% | 0.28% | −0.03 |
| CRM Salesforce Inc. | Reduce -11.8% | 0.08% | −0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -11.4% | 0.17% | −0.02 |
| MNRO Monro Inc. | Sold out | 0.00% | −0.02 |
| HD Home Depot Inc. | Reduce -6.4% | 0.28% | −0.02 |
| JOUT Johnson Outdoors Inc. Class A | Reduce -0.4% | 0.08% | −0.02 |
| ILCG iShares Morningstar Growth E | Reduce -8.0% | 0.15% | −0.02 |
| HON Honeywell International Inc. | Reduce -10.9% | 0.15% | −0.02 |
| EMR Emerson Electric Co. | Reduce -44.8% | 0.02% | −0.02 |
| FITB Fifth Third Bancorp | Reduce -2.9% | 0.33% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| EUFN iShares MSCI Europe Financia | Add +3284.6% | 0.30% | +0.30 |
| ORI Old Republic Intl Corp. | Add +0.1% | 2.22% | +0.26 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +2.5% | 3.16% | +0.25 |
| VEA Vanguard Ftse Developed ETF | Add +314.1% | 0.24% | +0.19 |
| XLV SS Health Care Select Sector | Add +408.5% | 0.21% | +0.17 |
| IVE iShares S&P 500 Value ETF | Add +2.0% | 2.52% | +0.16 |
| EWJ iShares MSCI Japan ETF | Add +390.2% | 0.19% | +0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +5.5% | 0.60% | +0.14 |
| LIND Lindblad Expeditions Holding | New | 0.14% | +0.14 |
| TBCH Turtle Beach Corp. | Add +174.3% | 0.21% | +0.12 |
| HBB Hamilton Beach Brand-A | Add +17.9% | 0.36% | +0.11 |
| CME Cme Group Inc. | Add +137.0% | 0.16% | +0.10 |
| PENG Penguin Solutions Inc. | Add +112.9% | 0.19% | +0.10 |
| SLP Simulations Plus Inc. | New | 0.09% | +0.09 |
| AMLP Alerian MLP ETF | Add +1.1% | 0.76% | +0.09 |
| EFV iShares MSCI Eafe Value ETF | Add +1.8% | 0.46% | +0.08 |
| CECO Ceco Environmental Corp. | New | 0.07% | +0.07 |
| GWRS Global Water Resources Inc. | Add +46.4% | 0.26% | +0.07 |
| PSTL Postal Realty Trust Inc. Class A | Add +0.6% | 0.51% | +0.07 |
| WHG Westwood Holdings Group Inc. | Add +0.0% | 0.43% | +0.06 |
| ESCA Escalade Inc. | Add +0.0% | 0.56% | +0.06 |
| SMP Standard Motor Prods | New | 0.06% | +0.06 |
| COST Costco Wholesale Corp. | Add +0.1% | 0.79% | +0.06 |
| HTO H2O America | Add +28.0% | 0.18% | +0.06 |
| VLGEA Village Super Market Class A | Add +31.6% | 0.14% | +0.05 |
| DVY iShares Select Dividend ETF | Add +0.3% | 0.78% | +0.05 |
| XLF SS Financial Select Sector | Add +1.0% | 0.63% | +0.05 |
| CVX Chevron Corp. | Add +1.5% | 0.28% | +0.05 |
| VOO Vanguard S&P 500 ETF | Add +3.5% | 1.54% | +0.05 |
| ETN Eaton Corp. PLC | Add +47.6% | 0.23% | +0.05 |
| EPR Epr Properties | Add +4.1% | 0.19% | +0.04 |
| IEFA iShares Core MSCI Eafe ETF | Add +13.6% | 0.19% | +0.04 |
| SCHD Schwab US DVD Equity ETF | Add +26.6% | 0.16% | +0.04 |
| SHV iShares 0-1 Year Treasury Bo | Add +157.7% | 0.06% | +0.04 |
| NEM Newmont Corp. | Add +10.3% | 0.11% | +0.04 |
| ACCO Acco Brands Corp. | Add +47.8% | 0.19% | +0.04 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +16.9% | 0.18% | +0.04 |
| PG The Procter & Gamble Co. | Add +0.5% | 0.51% | +0.03 |
| CTLP Cantaloupe Inc. | Add +47.9% | 0.15% | +0.03 |
| VXUS Vanguard Total Intl Stock | Add +6.1% | 0.21% | +0.03 |
| LINC Lincoln Educational Services | Add +24.0% | 0.12% | +0.03 |
| LXP LXP Industrial Trust | Add +1.6% | 0.23% | +0.03 |
| T AT&T Inc. | Add +0.0% | 0.11% | +0.03 |
| NWE Northwestern Energy Group Inc. | Add +0.0% | 0.21% | +0.02 |
| INTC Intel Corp. | Add +2.1% | 0.14% | +0.02 |
| YUM Yum! Brands Inc. | Add +0.0% | 0.12% | +0.02 |
| FARM Farmer Bros Co. | New | 0.02% | +0.02 |
| LZ Legalzoomcom Inc. | New | 0.02% | +0.02 |
| RSVR Reservoir Media Inc. | New | 0.02% | +0.02 |
| IMAX Imax Corp. | New | 0.02% | +0.02 |
Notes & Other Activity Q4 2024 → Q1 2025
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | New | 8,500 | $388K |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Sold out | 124 | $8Kbefore exit |
| MLM Martin Marietta Materials | COM | Reduce -100.0% | 0 | $0 |
| BIPC Brookfield Infrastructure-A | COM SUB VTG A | Sold out | 0 | $0before exit |
| BEPC Brookfield Renewable Corp. | CL A EX SUB VTG | Sold out | 0 | $0before exit |
| MTB M & T Bank Corp. | COM | Sold out | 0 | $0before exit |
| NZF Nuveen Municipal Credit Inc. | COM SH BEN INT | New | 0 | $0 |
| NVGS Navigator Holdings Ltd. | SHS | New | 0 | $0 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,728 | $1.8B | JPM, IVW, AAPL, VCSH, VTI |
| Q1 2026 | 1,695 | $1.6B | JPM, AAPL, VCSH, IVW, VTI |
| Q4 2025 | 1,566 | $1.6B | JPM, AAPL, IVW, VCSH, VTI |
| Q3 2025 | 1,316 | $1.6B | JPM, IVW, AAPL, VCSH, MSFT |
| Q2 2025 | 1,209 | $1.4B | JPM, IVW, AAPL, MSFT, VCSH |
| Q1 2025 | 1,197 | $1.4B | JPM, AAPL, IVW, VCSH, VTI |
| Q4 2024 | 1,214 | $1.4B | JPM, AAPL, IVW, VTI, VCSH |
| Q3 2024 | 1,183 | $1.4B | AAPL, JPM, IVW, MSFT, VTI |
| Q2 2024 | 1,162 | $1.4B | JPM, AAPL, IVW, MSFT, VTI |
| Q1 2024 | 1,235 | $1.4B | JPM, AAPL, IVW, MSFT, VTI |