North Star Investment Management Corp.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 30, 2026), North Star Investment Management Corp. reported 1,566 stock positions worth $1.6 billion. Its top holding was JPMorgan Chase (JPM) at 5.4% of the portfolio, followed by Apple (AAPL, 4.1%) and iShares S&P 500 Growth ETF (IVW, 4.0%). Compared with Q3 2025, it opened 304 new positions, sold out of 57, added to 529 and reduced 182. The biggest buy was Alphabet Class C (GOOG, shares +17%) and the biggest sale Oracle (ORCL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001342857
- Portfolio Value
- $1.6B (Q4 2025)
- SEC Filing
- 0001062993-26-000502 ↗ filed Jan 30, 2026
Holdings Value
Holdings 1,566 stocks · $1.6B
| JPM JPMorgan Chase & Co. | 5.36% | 264,865 | $85.3M | Reduce -0.3% |
| AAPL Apple Inc. | 4.06% | 237,669 | $64.6M | Reduce -1.4% |
| IVW iShares S&P 500 Growth ETF | 4.02% | 518,496 | $63.9M | Reduce -0.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 3.33% | 663,614 | $52.9M | Add +9.0% |
| VTI VG Morningstar TS MKT ETF-US | 3.01% | 143,019 | $47.9M | Add +0.6% |
| MSFT Microsoft Corp. | 2.91% | 95,719 | $46.3M | Add +2.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.77% | 64,644 | $44.1M | Reduce -1.4% |
| IVE iShares S&P 500 Value ETF | 2.49% | 186,754 | $39.6M | Add +1.7% |
| ORI Old Republic Intl Corp. | 2.24% | 781,008 | $35.6M | Add +0.2% |
| VOO Vanguard S&P 500 ETF | 1.76% | 44,712 | $28.0M | Add +1.4% |
| BX Blackstone Inc. | 1.55% | 160,039 | $24.7M | Add +0.0% |
| GOOGL Alphabet Inc. Class A | 1.33% | 67,748 | $21.2M | Reduce -8.0% |
| ORCL Oracle Corp. | 1.14% | 92,991 | $18.1M | Reduce -0.8% |
| ABBV Abbvie Inc. | 1.10% | 76,452 | $17.5M | Reduce -0.6% |
| VTIP Vanguard Short-Term Tips | 1.02% | 328,718 | $16.3M | Add +23.6% |
| MUB iShares National Muni Bond E | 1.00% | 147,833 | $15.8M | Add +0.0% |
| AMZN Amazon.com Inc. | 0.96% | 66,152 | $15.3M | Add +1.1% |
| IVV iShares Core S&P 500 ETF | 0.93% | 21,534 | $14.7M | Reduce -2.3% |
| KKR KKR & Co. Inc. | 0.87% | 108,963 | $13.9M | Reduce -1.0% |
| UNP Union Pacific Corp. | 0.81% | 56,014 | $13.0M | Add +0.1% |
| JNJ Johnson & Johnson | 0.74% | 56,948 | $11.8M | Add +0.6% |
| DVY iShares Select Dividend ETF | 0.73% | 82,520 | $11.6M | Add +5.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.73% | 18,810 | $11.6M | Reduce -0.0% |
| GOOG Alphabet Inc. Class C | 0.72% | 36,385 | $11.4M | Add +16.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.69% | 198,855 | $10.9M | Reduce -3.6% |
| GLD SPDR Gold Shares | 0.68% | 27,307 | $10.8M | Reduce -3.4% |
| IWB iShares Russell 1000 ETF | 0.66% | 28,310 | $10.6M | No change |
| AMLP Alerian MLP ETF | 0.66% | 222,961 | $10.5M | Add +10.8% |
| ACU Acme United Corp. filed as ACME UTD CORP | 0.64% | 252,624 | $10.2M | Reduce -1.5% |
| SPHR Sphere Entertainment Co. | 0.63% | 106,090 | $10.1M | Reduce -24.0% |
| VXF Vanguard Extended Market ETF | 0.61% | 46,775 | $9.8M | Add +2.1% |
| XLF SS Financial Select Sector | 0.60% | 175,721 | $9.6M | Add +0.9% |
| VIG Vanguard Dividend Apprec ETF | 0.60% | 43,707 | $9.6M | Add +0.4% |
| COST Costco Wholesale Corp. | 0.58% | 10,694 | $9.2M | Reduce -1.9% |
| LLY Eli Lilly & Co. | 0.58% | 8,546 | $9.2M | Add +4.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.57% | 18,019 | $9.1M | Add +9.4% |
| PSTL Postal Realty Trust Inc. Class A | 0.52% | 513,363 | $8.3M | Add +3.5% |
| PAYX Paychex Inc. | 0.51% | 72,852 | $8.2M | Reduce -0.1% |
| VEA Vanguard Ftse Developed ETF | 0.51% | 130,143 | $8.1M | Add +6.9% |
| EFV iShares MSCI Eafe Value ETF | 0.51% | 113,454 | $8.1M | Add +1.6% |
| ABT Abbott Laboratories | 0.50% | 64,010 | $8.0M | Add +0.2% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.49% | 30,384 | $7.9M | Add +0.1% |
| CSCO Cisco Systems Inc. | 0.47% | 97,308 | $7.5M | Add +0.7% |
| AMGN Amgen Inc. | 0.47% | 22,739 | $7.4M | Reduce -1.2% |
| XOM Exxon Mobil Corp. | 0.44% | 58,050 | $7.0M | Reduce -9.0% |
| BOOT Boot Barn Holdings Inc. | 0.44% | 39,400 | $7.0M | Reduce -14.2% |
| SII Sprott Inc. | 0.43% | 70,246 | $6.9M | Reduce -25.8% |
| AMD Advanced Micro Devices | 0.43% | 32,086 | $6.9M | Reduce -17.3% |
| PEP Pepsico Inc. | 0.43% | 47,701 | $6.8M | Reduce -0.0% |
| CAT Caterpillar Inc. | 0.42% | 11,755 | $6.7M | Add +3.3% |
| QCOM Qualcomm Inc. | 0.42% | 38,956 | $6.7M | Add +0.3% |
| WHG Westwood Holdings Group Inc. | 0.40% | 371,993 | $6.4M | Add +1.2% |
| OESX Orion Energy Systems Inc. | 0.39% | 407,452 | $6.3M | Add +6.3% |
| TMO Thermo Fisher Scientific Inc. | 0.39% | 10,722 | $6.2M | Add +2.9% |
| MRK Merck & Co. Inc. | 0.38% | 57,594 | $6.1M | Add +0.7% |
| ESCA Escalade Inc. | 0.36% | 428,112 | $5.8M | Reduce -0.1% |
| WMT Walmart Inc. | 0.36% | 51,728 | $5.8M | Add +0.8% |
| PG The Procter & Gamble Co. | 0.36% | 40,203 | $5.8M | Add +0.8% |
| MCD McDonald's Corp. | 0.36% | 18,649 | $5.7M | Add +1.7% |
| NVDA Nvidia Corp. | 0.35% | 29,908 | $5.6M | Reduce -6.7% |
| RCKY Rocky Brands Inc. | 0.35% | 190,125 | $5.6M | No change |
| FITB Fifth Third Bancorp | 0.34% | 114,792 | $5.4M | No change |
| KEX Kirby Corp. | 0.33% | 48,291 | $5.3M | No change |
| BLBD Blue Bird Corp. | 0.33% | 112,776 | $5.3M | No change |
| EUFN iShares MSCI Europe Financia | 0.32% | 135,228 | $5.0M | Reduce -31.3% |
| VXUS Vanguard Total Intl Stock | 0.32% | 66,465 | $5.0M | Add +11.4% |
| MDY State Street SPDR S&P Midcap | 0.31% | 8,296 | $5.0M | Add +1.5% |
| DCI Donaldson Co. Inc. | 0.31% | 56,332 | $5.0M | Reduce -1.6% |
| BND Vanguard Total Bond Market | 0.31% | 66,888 | $5.0M | Reduce -0.7% |
| MA Mastercard Inc. Class A | 0.31% | 8,519 | $4.9M | Add +0.7% |
| VPLS Vanguard Core-Plus Bond ETF | 0.30% | 62,056 | $4.8M | Add +96.8% |
| SGC Superior Group of Cos Inc. | 0.30% | 494,975 | $4.8M | Add +17.6% |
| USLM United States Lime & Mineral | 0.29% | 38,550 | $4.6M | Reduce -18.1% |
| ETD Ethan Allen Interiors Inc. | 0.29% | 200,250 | $4.6M | Add +10.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.28% | 6 | $4.5M | No change |
| BHB Bar Harbor Bankshares filed as BAR HBR BANKSHARES | 0.28% | 145,580 | $4.5M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.27% | 14,691 | $4.4M | Add +2.7% |
| KO The Coca-Cola Co. | 0.27% | 61,216 | $4.3M | Add +0.2% |
| GRBK Green Brick Partners Inc. | 0.27% | 68,275 | $4.3M | Reduce -6.8% |
| BBW Build-A-Bear Workshop Inc. | 0.27% | 69,325 | $4.2M | Reduce -14.8% |
| LQDT Liquidity Services Inc. | 0.26% | 138,975 | $4.2M | No change |
| MSGE Madison Square Garden Entert | 0.26% | 77,736 | $4.2M | Reduce -13.3% |
| META Meta Platforms Inc. Class A | 0.26% | 6,200 | $4.1M | Add +4.8% |
| FFA First Trust Enhan Eqty Inc. | 0.26% | 184,543 | $4.1M | Add +2.4% |
| AEP American Electric Power | 0.25% | 35,062 | $4.0M | Add +0.2% |
| PFE Pfizer Inc. | 0.25% | 161,410 | $4.0M | Reduce -6.6% |
| GS Goldman Sachs Group Inc. | 0.25% | 4,552 | $4.0M | Add +1.0% |
| VOOV Vanguard S&P 500 Value ETF | 0.25% | 19,480 | $4.0M | Reduce -2.9% |
| XHB SS SPDR S&P Homebldrs ETF | 0.25% | 38,425 | $4.0M | Add +3.4% |
| TILE Interface Inc. | 0.25% | 141,275 | $3.9M | Reduce -14.9% |
| IEFA iShares Core MSCI Eafe ETF | 0.24% | 43,145 | $3.9M | Add +13.5% |
| WTFC Wintrust Financial Corp. | 0.24% | 27,209 | $3.8M | Add +0.0% |
| PGF Invesco Financial Preferred | 0.24% | 267,442 | $3.8M | Reduce -3.3% |
| HD Home Depot Inc. | 0.24% | 10,925 | $3.8M | Reduce -0.0% |
| SBUX Starbucks Corp. | 0.24% | 44,594 | $3.8M | Add +0.3% |
| GWW WW Grainger Inc. | 0.23% | 3,706 | $3.7M | Add +0.0% |
| KMI Kinder Morgan Inc. | 0.23% | 132,408 | $3.6M | Add +0.2% |
| ALG Alamo Group Inc. | 0.23% | 21,550 | $3.6M | No change |
| BBSI Barrett Business SVCS Inc. | 0.23% | 99,431 | $3.6M | Reduce -13.8% |
| LYTS Lsi Industries Inc. | 0.23% | 196,463 | $3.6M | Reduce -7.2% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $2.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 61,965 | $1.4M | Add +92.4% |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 28,405 | $1.3M | Add +35.3% |
| 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: $1.6B.
Portfolio Sells Q3 2025 → Q4 2025
| ORCL Oracle Corp. | Reduce -0.8% | 1.14% | −0.56 |
| LAKE Lakeland Industries Inc. | Reduce -99.3% | 0.00% | −0.14 |
| EUFN iShares MSCI Europe Financia | Reduce -31.3% | 0.32% | −0.12 |
| ODC Oil-Dri Corp. of America | Reduce -29.1% | 0.14% | −0.11 |
| USLM United States Lime & Mineral | Reduce -18.1% | 0.29% | −0.11 |
| HDSN Hudson Technologies Inc. | Reduce -97.6% | 0.00% | −0.11 |
| EWJ iShares MSCI Japan ETF | Reduce -41.9% | 0.14% | −0.10 |
| BBSI Barrett Business SVCS Inc. | Reduce -13.8% | 0.23% | −0.10 |
| LYTS Lsi Industries Inc. | Reduce -7.2% | 0.23% | −0.10 |
| ARAY Accuray Inc. | Reduce -41.1% | 0.04% | −0.09 |
| CARR Carrier Global Corp. | Reduce -56.7% | 0.05% | −0.09 |
| EPM Evolution Petroleum Corp. | Reduce -18.3% | 0.12% | −0.09 |
| PAYX Paychex Inc. | Reduce -0.1% | 0.51% | −0.08 |
| GRBK Green Brick Partners Inc. | Reduce -6.8% | 0.27% | −0.08 |
| SII Sprott Inc. | Reduce -25.8% | 0.43% | −0.07 |
| BBW Build-A-Bear Workshop Inc. | Reduce -14.8% | 0.27% | −0.07 |
| VIRC Virco MFG Corporation | Sold out | 0.00% | −0.07 |
| COST Costco Wholesale Corp. | Reduce -1.9% | 0.58% | −0.07 |
| TILE Interface Inc. | Reduce -14.9% | 0.25% | −0.06 |
| CODI Compass Diversified Holdings | Reduce -99.8% | 0.00% | −0.05 |
| ENR Energizer Holdings Inc. | Reduce -8.4% | 0.13% | −0.05 |
| ALEX Alexander & Baldwin Inc. | Reduce -86.8% | 0.01% | −0.05 |
| BOOT Boot Barn Holdings Inc. | Reduce -14.2% | 0.44% | −0.05 |
| HD Home Depot Inc. | Reduce -0.0% | 0.24% | −0.05 |
| ABBV Abbvie Inc. | Reduce -0.6% | 1.10% | −0.05 |
| KKR KKR & Co. Inc. | Reduce -1.0% | 0.87% | −0.05 |
| EML The Eastern Co. | Reduce -5.1% | 0.16% | −0.05 |
| KMB Kimberly-Clark Corp. | Reduce -8.5% | 0.12% | −0.04 |
| FIX Comfort Systems USA Inc. | Reduce -40.6% | 0.08% | −0.04 |
| ACU Acme United Corp. | Reduce -1.5% | 0.64% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.4% | 2.77% | −0.04 |
| NVDA Nvidia Corp. | Reduce -6.7% | 0.35% | −0.03 |
| PFE Pfizer Inc. | Reduce -6.6% | 0.25% | −0.03 |
| ENPH Enphase Energy Inc. | Reduce -55.6% | 0.02% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -0.3% | 5.36% | −0.03 |
| T AT&T Inc. | Reduce -13.6% | 0.07% | −0.03 |
| O Realty Income Corp. | Reduce -2.7% | 0.18% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -9.0% | 0.44% | −0.02 |
| PGF Invesco Financial Preferred | Reduce -3.3% | 0.24% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -2.3% | 0.93% | −0.02 |
| PRTS Carparts.com Inc. | Reduce -2.7% | 0.04% | −0.02 |
| NYF iShares New York Muni Bond E | Reduce -70.9% | 0.01% | −0.02 |
| MS Morgan Stanley | Reduce -29.3% | 0.05% | −0.02 |
| CLX Clorox Company | Reduce -3.6% | 0.05% | −0.01 |
| AZZ Azz Inc. | Reduce -14.3% | 0.06% | −0.01 |
| IVW iShares S&P 500 Growth ETF | Reduce -0.1% | 4.02% | −0.01 |
| BND Vanguard Total Bond Market | Reduce -0.7% | 0.31% | −0.01 |
| AVAV Aerovironment Inc. | Reduce -25.2% | 0.01% | −0.01 |
| SJM The JM Smucker Co. | Reduce -28.0% | 0.02% | −0.01 |
| BABA Alibaba Group Holding-SP ADR | Reduce -26.3% | 0.01% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOG Alphabet Inc. Class C | Add +16.8% | 0.72% | +0.23 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +9.0% | 3.33% | +0.20 |
| OESX Orion Energy Systems Inc. | Add +6.3% | 0.39% | +0.18 |
| LLY Eli Lilly & Co. | Add +4.4% | 0.58% | +0.18 |
| VTIP Vanguard Short-Term Tips | Add +23.6% | 1.02% | +0.16 |
| SUB iShares Short-Term National | Add +994.7% | 0.17% | +0.15 |
| VPLS Vanguard Core-Plus Bond ETF | Add +96.8% | 0.30% | +0.15 |
| IBIE iShares Ibonds Oct 2028 TT | Add +237.3% | 0.21% | +0.14 |
| ORI Old Republic Intl Corp. | Add +0.2% | 2.24% | +0.11 |
| KRT Karat Packaging Inc. | New | 0.09% | +0.09 |
| ET Energy Transfer LP | Add +100.1% | 0.17% | +0.08 |
| GCMG GCM Grosvenor Inc. Class A | Add +123.0% | 0.15% | +0.08 |
| MDST Westwd Sat Encd Mdstr in ETF | Add +181.2% | 0.12% | +0.08 |
| CAT Caterpillar Inc. | Add +3.3% | 0.42% | +0.07 |
| MRK Merck & Co. Inc. | Add +0.7% | 0.38% | +0.07 |
| CRD.A Crawford & Company Class A | Add +95.5% | 0.14% | +0.07 |
| OWL Blue Owl Capital Inc. | New | 0.07% | +0.07 |
| JNJ Johnson & Johnson | Add +0.6% | 0.74% | +0.07 |
| TMO Thermo Fisher Scientific Inc. | Add +2.9% | 0.39% | +0.07 |
| EMBC Embecta Corp. | Add +161.4% | 0.12% | +0.06 |
| SCHD Schwab US DVD Equity ETF | Add +44.5% | 0.19% | +0.06 |
| AMLP Alerian MLP ETF | Add +10.8% | 0.66% | +0.05 |
| ESEA Euroseas Ltd. | New | 0.05% | +0.05 |
| IVE iShares S&P 500 Value ETF | Add +1.7% | 2.49% | +0.05 |
| VCRM Vanguard Core Tax-Ex Bond | Add +1235.9% | 0.05% | +0.05 |
| VSDB Vanguard Short Dur Bond ETF | Add +168.1% | 0.08% | +0.05 |
| COHR Coherent Corp. | New | 0.05% | +0.05 |
| EVI Evi Industries Inc. | Add +218.8% | 0.08% | +0.05 |
| CSCO Cisco Systems Inc. | Add +0.7% | 0.47% | +0.05 |
| WLY Wiley (john) & Sons Class A | New | 0.04% | +0.04 |
| AENT Alliance Entertainment Holdi | New | 0.04% | +0.04 |
| VEA Vanguard Ftse Developed ETF | Add +6.9% | 0.51% | +0.04 |
| AGG iShares Core U.S. Aggregate | Add +184.7% | 0.07% | +0.04 |
| SHV iShares 0-1 Year Treasury Bo | Add +68.7% | 0.10% | +0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +9.4% | 0.57% | +0.04 |
| AMZN Amazon.com Inc. | Add +1.1% | 0.96% | +0.04 |
| CSV Carriage Services Inc. | New | 0.03% | +0.03 |
| LEGH Legacy Housing Corp. | New | 0.03% | +0.03 |
| VXUS Vanguard Total Intl Stock | Add +11.4% | 0.32% | +0.03 |
| AXP American Express Co. | Add +19.8% | 0.13% | +0.03 |
| SDY SS SPDR S&P Dividend ETF | Add +204.4% | 0.04% | +0.03 |
| IEFA iShares Core MSCI Eafe ETF | Add +13.5% | 0.24% | +0.03 |
| BC Brunswick Corp. | New | 0.03% | +0.03 |
| C Citigroup Inc. | Add +39.3% | 0.08% | +0.03 |
| EGY Vaalco Energy Inc. | New | 0.02% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +1.4% | 1.76% | +0.02 |
| CMI Cummins Inc. | Add +0.2% | 0.15% | +0.02 |
| CI The Cigna Group | Add +314.3% | 0.03% | +0.02 |
| RSP Invesco S&P 500 Equal Weight | Add +31.0% | 0.10% | +0.02 |
| WMT Walmart Inc. | Add +0.8% | 0.36% | +0.02 |
Notes & Other Activity Q3 2025 → Q4 2025
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | Add +92.4% | 61,965 | $1.4M |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | Add +35.3% | 28,405 | $1.3M |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | Sold out | 17,588 | $1Kbefore exit |
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 |