Oarsman Capital, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Oarsman Capital, Inc. reported 898 stock positions worth $573.2 million. Its top holding was SS SPDR P S&P 500 Growth ETF (SPYG) at 6.5% of the portfolio, followed by Vanguard Mrngstr Val ETF-Aui (VTV, 6.0%) and Schwab Intl Equity ETF (SCHF, 5.1%). Compared with Q3 2024, it opened 52 new positions, sold out of 57, added to 254 and reduced 245. The biggest buy was Vanguard Mrngstr Val ETF-Aui (VTV, shares +28%) and the biggest sale VG Morningstar TS MKT ETF-US (VTI, shares −18%).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0001569667
- Portfolio Value
- $573.2M (Q4 2024)
- SEC Filing
- 0001569667-25-000001 ↗ filed Feb 13, 2025
Holdings Value
Holdings 898 stocks · $573.2M
| SPYG SS SPDR P S&P 500 Growth ETF | 6.52% | 425,246 | $37.4M | Add +11.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 6.04% | 204,450 | $34.6M | Add +28.1% |
| SCHF Schwab Intl Equity ETF | 5.12% | 1,587,656 | $29.4M | Add +24.3% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 4.60% | 583,742 | $26.4M | Add +16.1% |
| GVI iShares Intermediate Governm | 4.35% | 239,405 | $25.0M | Add +4.6% |
| RSP Invesco S&P 500 Equal Weight | 4.05% | 132,566 | $23.2M | Add +26.4% |
| IVV iShares Core S&P 500 ETF | 3.34% | 32,558 | $19.2M | Reduce -1.6% |
| GOOG Alphabet Inc. Class C | 2.63% | 79,053 | $15.1M | Reduce -5.4% |
| SPSM SS SPDR P S&P 600 Small Cap | 2.36% | 300,881 | $13.5M | Add +12.5% |
| MSFT Microsoft Corp. | 2.05% | 27,828 | $11.7M | Add +2.0% |
| JPST JPMorgan Ultra-Short Income | 1.87% | 213,138 | $10.7M | Reduce -7.1% |
| AAPL Apple Inc. | 1.78% | 40,635 | $10.2M | Add +0.5% |
| FISV Fiserv Inc. | 1.69% | 47,224 | $9.7M | Reduce -1.4% |
| EMXC iShares MSCI Emr MRK Ex Chna | 1.63% | 168,766 | $9.4M | Add +18.0% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.60% | 132,976 | $9.2M | Add +26.0% |
| IWF iShares Russell 1000 Growth | 1.58% | 22,544 | $9.1M | Reduce -5.3% |
| NVDA Nvidia Corp. | 1.46% | 62,428 | $8.4M | Reduce -0.3% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 1.15% | 120,032 | $6.6M | Add +10.0% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 1.14% | 148,847 | $6.6M | Add +13.9% |
| VTI VG Morningstar TS MKT ETF-US | 1.11% | 21,886 | $6.3M | Reduce -18.0% |
| AVGO Broadcom Inc. | 1.09% | 26,883 | $6.2M | Reduce -5.6% |
| AMZN Amazon.com Inc. | 0.89% | 23,331 | $5.1M | Add +7.0% |
| AAAU Goldman Sachs Physical Gold | 0.76% | 167,169 | $4.3M | Add +6.0% |
| RSPG Invesco S&P 500 Equal Weight | 0.75% | 56,655 | $4.3M | Add +5.7% |
| AGG iShares Core U.S. Aggregate | 0.73% | 42,965 | $4.2M | Reduce -1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.70% | 8,900 | $4.0M | Reduce -3.7% |
| GOOGL Alphabet Inc. Class A | 0.70% | 21,095 | $4.0M | Add +0.1% |
| WMT Walmart Inc. | 0.69% | 43,876 | $4.0M | Reduce -2.6% |
| IWD iShares Russell 1000 Value E | 0.65% | 20,213 | $3.7M | Add +0.7% |
| PDBC Invesco Optimum Yield Divers | 0.57% | 250,576 | $3.3M | Reduce -9.5% |
| ABBV Abbvie Inc. | 0.55% | 17,617 | $3.1M | Reduce -7.7% |
| JCPB JPMorgan Core Plus Bond ETF | 0.54% | 67,295 | $3.1M | Add +1.1% |
| MBB iShares MBS ETF | 0.53% | 33,426 | $3.1M | Add +5.7% |
| GS Goldman Sachs Group Inc. | 0.53% | 5,317 | $3.0M | Add +1.9% |
| META Meta Platforms Inc. Class A | 0.50% | 4,889 | $2.9M | Add +2.5% |
| SCHZ Schwab US Aggregate Bond ETF | 0.49% | 122,814 | $2.8M | Add +0.8% |
| WFC Wells Fargo & Co. | 0.47% | 38,409 | $2.7M | Add +1.7% |
| CAT Caterpillar Inc. | 0.47% | 7,413 | $2.7M | Add +4.1% |
| IJS iShares S&P Small-Cap 600 Va | 0.47% | 24,755 | $2.7M | Reduce -4.4% |
| QCOM Qualcomm Inc. | 0.45% | 16,866 | $2.6M | Add +20.1% |
| APH Amphenol Corp. Class A | 0.44% | 35,916 | $2.5M | Add +2.1% |
| KR Kroger Co. | 0.43% | 40,574 | $2.5M | Add +5.7% |
| JNJ Johnson & Johnson | 0.43% | 16,997 | $2.5M | Add +0.2% |
| MDT Medtronic PLC | 0.42% | 30,400 | $2.4M | Add +8.4% |
| UNH Unitedhealth Group Inc. | 0.42% | 4,743 | $2.4M | Add +15.8% |
| TYL Tyler Technologies Inc. | 0.40% | 4,008 | $2.3M | Add +1.5% |
| IJT iShares S&P Small-Cap 600 GR | 0.40% | 17,067 | $2.3M | Reduce -4.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.40% | 10,455 | $2.3M | Add +5.6% |
| VOO Vanguard S&P 500 ETF | 0.40% | 4,259 | $2.3M | Reduce -12.5% |
| IEI iShares 3-7 Year Treasury Bo | 0.40% | 19,767 | $2.3M | Reduce -12.5% |
| TSLA Tesla Inc. | 0.40% | 5,650 | $2.3M | Reduce -5.8% |
| ADBE Adobe Inc. | 0.39% | 4,970 | $2.2M | Reduce -1.4% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.36% | 1,957 | $2.1M | Add +3.1% |
| VEA Vanguard Ftse Developed ETF | 0.36% | 43,067 | $2.1M | Reduce -6.2% |
| MTG Mgic Investment Corp. | 0.36% | 86,762 | $2.1M | Reduce -1.0% |
| JPM JPMorgan Chase & Co. | 0.35% | 8,439 | $2.0M | Reduce -1.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.34% | 44,781 | $2.0M | Add +0.8% |
| TGT Target Corp. | 0.33% | 14,202 | $1.9M | Add +10.9% |
| JCI Johnson Controls Internation | 0.33% | 24,283 | $1.9M | Add +6.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.33% | 15,824 | $1.9M | Add +5.2% |
| IXUS iShares Core Intl Stock ETF | 0.33% | 28,517 | $1.9M | Add +0.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.33% | 3,217 | $1.9M | Add +7.9% |
| FCX Freeport-McMoran Inc. | 0.33% | 48,984 | $1.9M | Add +2.9% |
| JPRE JPMorgan Realty Income ETF | 0.30% | 36,729 | $1.7M | Add +10246.2% |
| GLD SPDR Gold Shares | 0.30% | 7,022 | $1.7M | Reduce -4.4% |
| VRTX Vertex Pharmaceuticals Inc. | 0.29% | 4,166 | $1.7M | Add +1.0% |
| T AT&T Inc. | 0.29% | 73,411 | $1.7M | Reduce -1.1% |
| HBAN Huntington Bancshares Inc. | 0.29% | 102,602 | $1.7M | Reduce -9.6% |
| RJF Raymond James Financial Inc. | 0.29% | 10,654 | $1.7M | Add +3.1% |
| CSCO Cisco Systems Inc. | 0.29% | 27,841 | $1.6M | Add +2.0% |
| ORCL Oracle Corp. | 0.28% | 9,710 | $1.6M | Reduce -0.8% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.28% | 33,428 | $1.6M | Add +13.2% |
| MLPX Global X MLP & Energy Infras | 0.28% | 26,328 | $1.6M | Add +244.5% |
| BUG Global X Cybersecurity ETF | 0.27% | 48,058 | $1.5M | Add +5.1% |
| CMI Cummins Inc. | 0.27% | 4,379 | $1.5M | Add +12.8% |
| LLY Eli Lilly & Co. | 0.26% | 1,947 | $1.5M | Reduce -4.2% |
| PEP Pepsico Inc. | 0.26% | 9,807 | $1.5M | Add +0.3% |
| BMY Bristol-Myers Squibb Co. | 0.26% | 26,157 | $1.5M | Add +1.1% |
| OI O-I Glass Inc. | 0.26% | 135,433 | $1.5M | Add +14.8% |
| OBDC Blue Owl Capital Corp. | 0.24% | 91,842 | $1.4M | Reduce -11.5% |
| IJH iShares Core S&P Midcap ETF | 0.24% | 22,260 | $1.4M | Reduce -6.8% |
| GNRC Generac Holdings Inc. | 0.23% | 8,660 | $1.3M | Add +2.0% |
| AZN Astrazeneca PLC-Spons ADR | 0.23% | 19,979 | $1.3M | Reduce -5.5% |
| IAUM iShares Gold Trust Micro | 0.23% | 49,820 | $1.3M | Reduce -1.3% |
| C Citigroup Inc. | 0.23% | 18,465 | $1.3M | Reduce -0.1% |
| PH Parker Hannifin Corp. | 0.22% | 1,972 | $1.3M | Add +29.6% |
| OLN Olin Corp. | 0.22% | 37,040 | $1.3M | Add +44.7% |
| PG The Procter & Gamble Co. | 0.21% | 7,316 | $1.2M | Add +41.0% |
| COST Costco Wholesale Corp. | 0.21% | 1,313 | $1.2M | Add +0.3% |
| RPM RPM International Inc. | 0.21% | 9,750 | $1.2M | Reduce -2.3% |
| INTU Intuit Inc. | 0.21% | 1,887 | $1.2M | Reduce -2.0% |
| MUB iShares National Muni Bond E | 0.20% | 10,978 | $1.2M | Add +2.2% |
| VZ Verizon Communications Inc. | 0.19% | 26,987 | $1.1M | Reduce -1.3% |
| SCHA Schwab US Small-Cap ETF | 0.18% | 39,347 | $1.0M | Reduce -2.3% |
| LDOS Leidos Holdings Inc. | 0.17% | 6,758 | $974K | New |
| CMCSA Comcast Corp. Class A | 0.16% | 24,746 | $929K | Add +5.6% |
| PFE Pfizer Inc. | 0.16% | 33,569 | $891K | Reduce -2.8% |
| ACN Accenture PLC Class A | 0.15% | 2,496 | $878K | Reduce -4.0% |
| AXON Axon Enterprise Inc. | 0.15% | 1,475 | $877K | Reduce -6.0% |
| SCHC Schwab Intl Small-Cap Equity | 0.15% | 24,883 | $854K | Add +26.0% |
Options reported separately and not counted above: GOOG puts ($705K), TSLA calls ($121K).
Other holdings (2): bonds, preferreds, convertibles and warrants · $1K (not counted above)
Total filed on the 13F, all lines: $573.2M.
Portfolio Sells Q3 2024 → Q4 2024
| VTI VG Morningstar TS MKT ETF-US | Reduce -18.0% | 1.11% | −0.29 |
| JPST JPMorgan Ultra-Short Income | Reduce -7.1% | 1.87% | −0.28 |
| IVV iShares Core S&P 500 ETF | Reduce -1.6% | 3.34% | −0.19 |
| ABBV Abbvie Inc. | Reduce -7.7% | 0.55% | −0.15 |
| PDBC Invesco Optimum Yield Divers | Reduce -9.5% | 0.57% | −0.12 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -12.5% | 0.40% | −0.10 |
| ADBE Adobe Inc. | Reduce -1.4% | 0.39% | −0.10 |
| VEA Vanguard Ftse Developed ETF | Reduce -6.2% | 0.36% | −0.09 |
| AGG iShares Core U.S. Aggregate | Reduce -1.0% | 0.73% | −0.09 |
| BND Vanguard Total Bond Market | Reduce -54.1% | 0.06% | −0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.7% | 0.70% | −0.08 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -5.5% | 0.23% | −0.08 |
| VOO Vanguard S&P 500 ETF | Reduce -12.5% | 0.40% | −0.07 |
| IWF iShares Russell 1000 Growth | Reduce -5.3% | 1.58% | −0.07 |
| KSS Kohls Corp. | Reduce -100.0% | 0.00% | −0.07 |
| LLY Eli Lilly & Co. | Reduce -4.2% | 0.26% | −0.07 |
| IWB iShares Russell 1000 ETF | Reduce -60.6% | 0.04% | −0.06 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -4.6% | 0.40% | −0.06 |
| MTG Mgic Investment Corp. | Reduce -1.0% | 0.36% | −0.06 |
| AMGN Amgen Inc. | Reduce -7.2% | 0.12% | −0.05 |
| TMO Thermo Fisher Scientific Inc. | Reduce -32.9% | 0.06% | −0.05 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -4.4% | 0.47% | −0.05 |
| MGM MGM Resorts International | Sold out | 0.00% | −0.04 |
| SGOV iShares 0-3 Month Treasury B | Sold out | 0.00% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -1.3% | 0.19% | −0.04 |
| OBDC Blue Owl Capital Corp. | Reduce -11.5% | 0.24% | −0.04 |
| XRNPX Cohen & Steers REIT and Pref | Reduce -2.4% | 0.15% | −0.03 |
| GLD SPDR Gold Shares | Reduce -4.4% | 0.30% | −0.03 |
| IJH iShares Core S&P Midcap ETF | Reduce -6.8% | 0.24% | −0.03 |
| DWM Wisdomtree International Equ | Reduce -5.4% | 0.15% | −0.03 |
| IEMG iShares Core MSCI Emerging | Reduce -59.6% | 0.02% | −0.03 |
| IJR iShares Core S&P Small-Cap E | Reduce -25.8% | 0.07% | −0.03 |
| PFE Pfizer Inc. | Reduce -2.8% | 0.16% | −0.03 |
| NVS Novartis AG-Sponsored ADR | Reduce -3.9% | 0.10% | −0.03 |
| FIS Fidelity National Info Serv | Reduce -62.1% | 0.01% | −0.03 |
| CSGP Costar Group Inc. | Reduce -13.1% | 0.09% | −0.03 |
| ORCL Oracle Corp. | Reduce -0.8% | 0.28% | −0.03 |
| SCHD Schwab US DVD Equity ETF | Reduce -7.5% | 0.14% | −0.03 |
| XLG Invesco S&P 500 Top 50 ETF | Reduce -56.5% | 0.02% | −0.02 |
| GD General Dynamics Corp. | Reduce -0.6% | 0.11% | −0.02 |
| VCIT Vanguard Int-Term Corporate | Reduce -99.2% | 0.00% | −0.02 |
| UAL United Airlines Holdings Inc. | Reduce -59.4% | 0.04% | −0.02 |
| MCD McDonald's Corp. | Reduce -2.4% | 0.15% | −0.02 |
| VWO Vanguard Ftse Emerging Marke | Reduce -8.2% | 0.08% | −0.02 |
| SPSB SS SPDR P St C Corp. ETF | Sold out | 0.00% | −0.02 |
| KMB Kimberly-Clark Corp. | Reduce -7.6% | 0.08% | −0.02 |
| SCHG Schwab US Large-Cap Growth | Reduce -14.9% | 0.11% | −0.02 |
| ROP Roper Technologies Inc. | Reduce -28.9% | 0.03% | −0.02 |
| IAUM iShares Gold Trust Micro | Reduce -1.3% | 0.23% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -15.1% | 0.04% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| VTV Vanguard Mrngstr Val ETF-Aui | Add +28.1% | 6.04% | +0.89 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +11.4% | 6.52% | +0.66 |
| RSP Invesco S&P 500 Equal Weight | Add +26.4% | 4.05% | +0.58 |
| JPRE JPMorgan Realty Income ETF | Add +10246.2% | 0.30% | +0.30 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +26.0% | 1.60% | +0.28 |
| SCHF Schwab Intl Equity ETF | Add +24.3% | 5.12% | +0.27 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +16.1% | 4.60% | +0.22 |
| MLPX Global X MLP & Energy Infras | Add +244.5% | 0.28% | +0.20 |
| LDOS Leidos Holdings Inc. | New | 0.17% | +0.17 |
| AMZN Amazon.com Inc. | Add +7.0% | 0.89% | +0.14 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +12.5% | 2.36% | +0.11 |
| WFC Wells Fargo & Co. | Add +1.7% | 0.47% | +0.08 |
| BSCS Invesco Bulletshares 2028 CB | New | 0.06% | +0.06 |
| RJF Raymond James Financial Inc. | Add +3.1% | 0.29% | +0.05 |
| CERY SS SPDR BBG En RY CM St N-Ui | New | 0.05% | +0.05 |
| GS Goldman Sachs Group Inc. | Add +1.9% | 0.53% | +0.05 |
| GOOGL Alphabet Inc. Class A | Add +0.1% | 0.70% | +0.05 |
| PG The Procter & Gamble Co. | Add +41.0% | 0.21% | +0.05 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +10.0% | 1.15% | +0.04 |
| PH Parker Hannifin Corp. | Add +29.6% | 0.22% | +0.04 |
| MRVL Marvell Technology Inc. | Add +0.4% | 0.12% | +0.04 |
| CMI Cummins Inc. | Add +12.8% | 0.27% | +0.03 |
| AAPL Apple Inc. | Add +0.5% | 1.78% | +0.03 |
| BAX Baxter International Inc. | New | 0.03% | +0.03 |
| IBIT iShares Bitcoin Trust ETF | Add +15.1% | 0.07% | +0.03 |
| KR Kroger Co. | Add +5.7% | 0.43% | +0.03 |
| NFLX Netflix Inc. | Add +44.8% | 0.06% | +0.03 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +47.0% | 0.09% | +0.02 |
| CSCO Cisco Systems Inc. | Add +2.0% | 0.29% | +0.02 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Add +13.9% | 1.14% | +0.02 |
| TTD Trade Desk Inc./the Class A | Add +93.4% | 0.04% | +0.02 |
| BAC Bank of America Corp. | Add +0.8% | 0.34% | +0.02 |
| GPC Genuine Parts Co. | Add +90.3% | 0.05% | +0.02 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +18.0% | 1.63% | +0.02 |
| BSCQ Invesco Bulletshares 2026 CB | New | 0.01% | +0.01 |
| SCHQ Schwab Long-Term US Treasury | New | 0.01% | +0.01 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.01% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +67.7% | 0.03% | +0.01 |
| ISTB iShares Core 1-5 Year Usd Bo | Add +13.2% | 0.28% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +7.9% | 0.33% | +0.01 |
| GAP The Gap Inc. | New | 0.01% | +0.01 |
| IWP iShares Russell Mid-Cap Grow | Add +7.3% | 0.14% | +0.01 |
| APH Amphenol Corp. Class A | Add +2.1% | 0.44% | +0.01 |
| FNK First Trust Mid Cap Value | New | 0.01% | +0.01 |
| NOW ServiceNow Inc. | Add +5.3% | 0.07% | +0.01 |
| BMY Bristol-Myers Squibb Co. | Add +1.1% | 0.26% | +0.01 |
| QCOM Qualcomm Inc. | Add +20.1% | 0.45% | +0.01 |
| CTRA Coterra Energy Inc. | Add +6.6% | 0.15% | +0.01 |
| V Visa Inc. Class A | Add +1.9% | 0.09% | +0.01 |
| BTZ BlackRock Credit Allocation | Add +460.8% | 0.01% | +0.01 |
Options Activity Q3 2024 → Q4 2024
| GOOG Alphabet Inc. Class C | put | Reduce -72.4% | 3,700 | $705K |
| XEL Xcel Energy Inc. | put | Sold out | 5,000 | $327Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| BIAFW Bioaffinity Technologiew-27 | *W EXP 09/07/202 | New | 2,448 | $733 |
| FTCS First Trust Capital Strength | CAP STRENGTH ETF | New | 0 | $0 |
| PPL PPL Corp. | COM | Sold out | 0 | $0before exit |
| PTBD Pacer Trendpilot US Bond ETF | TRENDPILOT US BD | Sold out | 0 | $0before 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 | 244 | $944.8M | AGG, SCHF, VTV, SPYG, SPMD |
| Q1 2026 | 235 | $805.3M | AGG, SCHF, VTV, SPYG, SPMD |
| Q4 2025 | 239 | $769.6M | AGG, SCHF, SPYG, VTV, RSP |
| Q3 2025 | 247 | $712.9M | AGG, SPYG, SCHF, VTV, RSP |
| Q2 2025 | 249 | $637.7M | SPYG, VTV, IUSB, SCHF, GVI |
| Q1 2025 | 233 | $556.6M | VTV, SPYG, SCHF, GVI, IUSB |
| Q4 2024 | 898 | $573.2M | SPYG, VTV, SCHF, IUSB, GVI |
| Q3 2024 | 903 | $540.5M | SPYG, VTV, SCHF, GVI, IUSB |
| Q2 2024 | 230 | $454.0M | SPYG, VTV, GVI, SCHF, IUSB |
| Q1 2024 | 234 | $418.6M | SPYG, VTV, GVI, JPST, SCHF |