Oarsman Capital, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Oarsman Capital, Inc. reported 233 stock positions worth $556.6 million. Its top holding was Vanguard Mrngstr Val ETF-Aui (VTV) at 7.4% of the portfolio, followed by SS SPDR P S&P 500 Growth ETF (SPYG, 6.4%) and Schwab Intl Equity ETF (SCHF, 6.1%). Compared with Q4 2024, it opened 2 new positions, sold out of 667, added to 107 and reduced 100. The biggest buy was iShares Intermediate Governm (GVI, shares +30%) and the biggest sale VG Morningstar TS MKT ETF-US (VTI, shares −67%).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0001569667
- Portfolio Value
- $556.6M (Q1 2025)
- SEC Filing
- 0001569667-25-000002 ↗ filed May 14, 2025
Holdings Value
Holdings 233 stocks · $556.6M
| VTV Vanguard Mrngstr Val ETF-Aui | 7.38% | 237,844 | $41.1M | Add +16.3% |
| SPYG SS SPDR P S&P 500 Growth ETF | 6.37% | 441,487 | $35.5M | Add +3.8% |
| SCHF Schwab Intl Equity ETF | 6.08% | 1,711,989 | $33.9M | Add +7.8% |
| GVI iShares Intermediate Governm | 5.91% | 310,101 | $32.9M | Add +29.5% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 5.53% | 667,815 | $30.8M | Add +14.4% |
| RSP Invesco S&P 500 Equal Weight | 4.51% | 145,048 | $25.1M | Add +9.4% |
| IVV iShares Core S&P 500 ETF | 2.96% | 29,345 | $16.5M | Reduce -9.9% |
| SPSM SS SPDR P S&P 600 Small Cap | 2.53% | 345,589 | $14.1M | Add +14.9% |
| JPST JPMorgan Ultra-Short Income | 2.16% | 237,594 | $12.0M | Add +11.5% |
| GOOG Alphabet Inc. Class C | 2.09% | 74,421 | $11.6M | Reduce -5.9% |
| MSFT Microsoft Corp. | 1.87% | 27,759 | $10.4M | Reduce -0.3% |
| FISV Fiserv Inc. | 1.87% | 47,020 | $10.4M | Reduce -0.4% |
| EMXC iShares MSCI Emr MRK Ex Chna | 1.81% | 183,334 | $10.1M | Add +8.6% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.65% | 139,398 | $9.2M | Add +4.8% |
| AAPL Apple Inc. | 1.59% | 39,922 | $8.9M | Reduce -1.8% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 1.38% | 149,902 | $7.7M | Add +24.9% |
| IWF iShares Russell 1000 Growth | 1.28% | 19,667 | $7.1M | Reduce -12.8% |
| NVDA Nvidia Corp. | 1.27% | 65,169 | $7.1M | Add +4.4% |
| AAAU Goldman Sachs Physical Gold | 0.95% | 171,986 | $5.3M | Add +2.9% |
| AMZN Amazon.com Inc. | 0.88% | 25,817 | $4.9M | Add +10.7% |
| DFAS Dimensional US Small Cap ETF | 0.87% | 81,285 | $4.9M | Add +69374.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.84% | 8,786 | $4.7M | Reduce -1.3% |
| RSPG Invesco S&P 500 Equal Weight | 0.83% | 56,514 | $4.6M | Reduce -0.3% |
| AGG iShares Core U.S. Aggregate | 0.71% | 39,786 | $3.9M | Reduce -7.4% |
| AVGO Broadcom Inc. | 0.70% | 23,278 | $3.9M | Reduce -13.4% |
| ABBV Abbvie Inc. | 0.66% | 17,602 | $3.7M | Reduce -0.1% |
| PDBC Invesco Optimum Yield Divers | 0.65% | 267,038 | $3.6M | Add +6.6% |
| WMT Walmart Inc. | 0.65% | 41,119 | $3.6M | Reduce -6.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.62% | 13,842 | $3.4M | Add +32.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.57% | 26,134 | $3.2M | Add +65.2% |
| GOOGL Alphabet Inc. Class A | 0.56% | 20,301 | $3.1M | Reduce -3.8% |
| META Meta Platforms Inc. Class A | 0.56% | 5,407 | $3.1M | Add +10.6% |
| MDT Medtronic PLC | 0.54% | 33,333 | $3.0M | Add +9.7% |
| GS Goldman Sachs Group Inc. | 0.53% | 5,357 | $2.9M | Add +0.8% |
| JNJ Johnson & Johnson | 0.52% | 17,572 | $2.9M | Add +3.4% |
| KR Kroger Co. | 0.52% | 42,891 | $2.9M | Add +5.7% |
| WFC Wells Fargo & Co. | 0.50% | 38,725 | $2.8M | Add +0.8% |
| IWD iShares Russell 1000 Value E | 0.49% | 14,587 | $2.7M | Reduce -27.8% |
| SCHZ Schwab US Aggregate Bond ETF | 0.48% | 116,234 | $2.7M | Reduce -5.4% |
| QCOM Qualcomm Inc. | 0.48% | 17,255 | $2.7M | Add +2.3% |
| UNH Unitedhealth Group Inc. | 0.47% | 4,967 | $2.6M | Add +4.7% |
| JPRE JPMorgan Realty Income ETF | 0.45% | 52,503 | $2.5M | Add +43.0% |
| PH Parker Hannifin Corp. | 0.45% | 4,154 | $2.5M | Add +110.7% |
| CAT Caterpillar Inc. | 0.45% | 7,581 | $2.5M | Add +2.3% |
| MBB iShares MBS ETF | 0.45% | 26,436 | $2.5M | Reduce -20.9% |
| APH Amphenol Corp. Class A | 0.43% | 36,797 | $2.4M | Add +2.5% |
| TYL Tyler Technologies Inc. | 0.43% | 4,107 | $2.4M | Add +2.5% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.42% | 62,829 | $2.4M | Reduce -57.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.42% | 4,147 | $2.3M | Add +28.9% |
| IJS iShares S&P Small-Cap 600 Va | 0.40% | 22,795 | $2.2M | Reduce -7.9% |
| VEA Vanguard Ftse Developed ETF | 0.40% | 43,536 | $2.2M | Add +1.1% |
| JPM JPMorgan Chase & Co. | 0.39% | 8,934 | $2.2M | Add +5.9% |
| IXUS iShares Core Intl Stock ETF | 0.39% | 31,354 | $2.2M | Add +9.9% |
| BMY Bristol-Myers Squibb Co. | 0.39% | 35,640 | $2.2M | Add +36.3% |
| JCPB JPMorgan Core Plus Bond ETF | 0.38% | 45,049 | $2.1M | Reduce -33.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.38% | 4,342 | $2.1M | Add +4.2% |
| JCI Johnson Controls Internation | 0.37% | 25,666 | $2.1M | Add +5.7% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.36% | 2,049 | $2.0M | Add +4.7% |
| CSCO Cisco Systems Inc. | 0.36% | 32,278 | $2.0M | Add +15.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.36% | 7,201 | $2.0M | Reduce -67.1% |
| OBDC Blue Owl Capital Corp. | 0.35% | 134,055 | $2.0M | Add +46.0% |
| FCX Freeport-McMoran Inc. | 0.34% | 50,624 | $1.9M | Add +3.4% |
| IJT iShares S&P Small-Cap 600 GR | 0.34% | 15,323 | $1.9M | Reduce -10.2% |
| ADBE Adobe Inc. | 0.34% | 4,933 | $1.9M | Reduce -0.7% |
| GLD SPDR Gold Shares | 0.34% | 6,548 | $1.9M | Reduce -6.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.33% | 44,338 | $1.9M | Reduce -1.0% |
| MLPX Global X MLP & Energy Infras | 0.32% | 27,638 | $1.8M | Add +5.0% |
| AZN Astrazeneca PLC-Spons ADR | 0.31% | 23,705 | $1.7M | Add +18.6% |
| ORLY O'reilly Automotive Inc. | 0.31% | 1,214 | $1.7M | Add +194.7% |
| VOO Vanguard S&P 500 ETF | 0.31% | 3,349 | $1.7M | Reduce -21.4% |
| BUG Global X Cybersecurity ETF | 0.29% | 50,457 | $1.6M | Add +5.0% |
| PEP Pepsico Inc. | 0.29% | 10,794 | $1.6M | Add +10.1% |
| LDOS Leidos Holdings Inc. | 0.29% | 11,880 | $1.6M | Add +75.8% |
| CMI Cummins Inc. | 0.29% | 5,079 | $1.6M | Add +16.0% |
| HBAN Huntington Bancshares Inc. | 0.28% | 105,500 | $1.6M | Add +2.8% |
| LLY Eli Lilly & Co. | 0.28% | 1,882 | $1.6M | Reduce -3.3% |
| OI O-I Glass Inc. | 0.28% | 135,433 | $1.6M | No change |
| MTG Mgic Investment Corp. | 0.27% | 61,199 | $1.5M | Reduce -29.5% |
| IAUM iShares Gold Trust Micro | 0.27% | 48,450 | $1.5M | Reduce -2.8% |
| RJF Raymond James Financial Inc. | 0.27% | 10,866 | $1.5M | Add +2.0% |
| OLN Olin Corp. | 0.25% | 56,802 | $1.4M | Add +53.4% |
| C Citigroup Inc. | 0.24% | 18,864 | $1.3M | Add +2.2% |
| COST Costco Wholesale Corp. | 0.23% | 1,350 | $1.3M | Add +2.8% |
| ORCL Oracle Corp. | 0.23% | 9,029 | $1.3M | Reduce -7.0% |
| IJH iShares Core S&P Midcap ETF | 0.23% | 21,634 | $1.3M | Reduce -2.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.22% | 12,638 | $1.2M | Add +939.3% |
| IEI iShares 3-7 Year Treasury Bo | 0.22% | 10,214 | $1.2M | Reduce -48.3% |
| VZ Verizon Communications Inc. | 0.22% | 26,463 | $1.2M | Reduce -1.9% |
| INTU Intuit Inc. | 0.21% | 1,944 | $1.2M | Add +3.0% |
| MUB iShares National Muni Bond E | 0.21% | 11,001 | $1.2M | Add +0.2% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.20% | 23,466 | $1.1M | Reduce -29.8% |
| RPM RPM International Inc. | 0.19% | 9,365 | $1.1M | Reduce -4.0% |
| UPS United Parcel Service Class B | 0.19% | 9,499 | $1.0M | Add +1088.9% |
| PG The Procter & Gamble Co. | 0.18% | 5,850 | $997K | Reduce -20.0% |
| CMCSA Comcast Corp. Class A | 0.18% | 26,939 | $994K | Add +8.9% |
| SCHC Schwab Intl Small-Cap Equity | 0.18% | 27,597 | $990K | Add +10.9% |
| XRNPX Cohen & Steers REIT and Pref | 0.17% | 44,000 | $971K | Add +10.0% |
| CTRA Coterra Energy Inc. | 0.17% | 32,957 | $952K | Add +0.4% |
| CVX Chevron Corp. | 0.17% | 5,533 | $926K | Reduce -5.9% |
| IWP iShares Russell Mid-Cap Grow | 0.16% | 7,741 | $909K | Add +24.0% |
Options reported separately and not counted above: TSLA calls ($52K).
Portfolio Sells Q4 2024 → Q1 2025
| VTI VG Morningstar TS MKT ETF-US | Reduce -67.1% | 0.36% | −0.75 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -57.8% | 0.42% | −0.72 |
| GOOG Alphabet Inc. Class C | Reduce -5.9% | 2.09% | −0.54 |
| AVGO Broadcom Inc. | Reduce -13.4% | 0.70% | −0.39 |
| IVV iShares Core S&P 500 ETF | Reduce -9.9% | 2.96% | −0.38 |
| IWF iShares Russell 1000 Growth | Reduce -12.8% | 1.28% | −0.30 |
| TGT Target Corp. | Reduce -85.7% | 0.04% | −0.30 |
| TSLA Tesla Inc. | Reduce -45.1% | 0.14% | −0.25 |
| GNRC Generac Holdings Inc. | Sold out | 0.00% | −0.23 |
| T AT&T Inc. | Reduce -75.7% | 0.09% | −0.20 |
| AAPL Apple Inc. | Reduce -1.8% | 1.59% | −0.18 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -48.3% | 0.22% | −0.18 |
| MSFT Microsoft Corp. | Reduce -0.3% | 1.87% | −0.17 |
| JCPB JPMorgan Core Plus Bond ETF | Reduce -33.1% | 0.38% | −0.16 |
| IWD iShares Russell 1000 Value E | Reduce -27.8% | 0.49% | −0.16 |
| GOOGL Alphabet Inc. Class A | Reduce -3.8% | 0.56% | −0.13 |
| VOO Vanguard S&P 500 ETF | Reduce -21.4% | 0.31% | −0.09 |
| MBB iShares MBS ETF | Reduce -20.9% | 0.45% | −0.09 |
| MTG Mgic Investment Corp. | Reduce -29.5% | 0.27% | −0.09 |
| ISTB iShares Core 1-5 Year Usd Bo | Reduce -29.8% | 0.20% | −0.07 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -7.9% | 0.40% | −0.07 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -10.2% | 0.34% | −0.06 |
| ORCL Oracle Corp. | Reduce -7.0% | 0.23% | −0.06 |
| XMUIX BlackRock Municipal Income | Sold out | 0.00% | −0.05 |
| RRX Regal Rexnord Corp. | Sold out | 0.00% | −0.05 |
| BG Bunge Global SA | Sold out | 0.00% | −0.05 |
| ADBE Adobe Inc. | Reduce -0.7% | 0.34% | −0.05 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −0.04 |
| WMT Walmart Inc. | Reduce -6.3% | 0.65% | −0.04 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.04 |
| VLTO Veralto Corp. | Sold out | 0.00% | −0.04 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.04 |
| IWB iShares Russell 1000 ETF | Sold out | 0.00% | −0.04 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Sold out | 0.00% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -20.0% | 0.18% | −0.03 |
| TREX Trex Company Inc. | Sold out | 0.00% | −0.03 |
| ATI Ati Inc. | Sold out | 0.00% | −0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −0.03 |
| BIV Vanguard Intermediate-Term B | Sold out | 0.00% | −0.03 |
| BMO Bank of Montreal | Sold out | 0.00% | −0.03 |
| MDY State Street SPDR S&P Midcap | Sold out | 0.00% | −0.03 |
| EMR Emerson Electric Co. | Sold out | 0.00% | −0.03 |
| IWO iShares Russell 2000 Growth | Sold out | 0.00% | −0.03 |
| IEX Idex Corp. | Sold out | 0.00% | −0.03 |
| EW Edwards Lifesciences Corp. | Sold out | 0.00% | −0.03 |
| IDXX Idexx Laboratories Inc. | Sold out | 0.00% | −0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Sold out | 0.00% | −0.03 |
| POOL Pool Corp. | Sold out | 0.00% | −0.03 |
| DXJ Wisdomtree Japan Hedged Eq | Sold out | 0.00% | −0.03 |
| PFF iShares Preferred & Income S | Sold out | 0.00% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| GVI iShares Intermediate Governm | Add +29.5% | 5.91% | +1.55 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +16.3% | 7.38% | +1.34 |
| SCHF Schwab Intl Equity ETF | Add +7.8% | 6.08% | +0.96 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +14.4% | 5.53% | +0.93 |
| DFAS Dimensional US Small Cap ETF | Add +69374.4% | 0.87% | +0.87 |
| RSP Invesco S&P 500 Equal Weight | Add +9.4% | 4.51% | +0.46 |
| JPST JPMorgan Ultra-Short Income | Add +11.5% | 2.16% | +0.29 |
| TJX TJX Companies Inc. | Add +65.2% | 0.57% | +0.24 |
| PH Parker Hannifin Corp. | Add +110.7% | 0.45% | +0.23 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +24.9% | 1.38% | +0.23 |
| ORLY O'reilly Automotive Inc. | Add +194.7% | 0.31% | +0.23 |
| IBM Intl Business Machines Corp. | Add +32.4% | 0.62% | +0.22 |
| DIS The Walt Disney Co. | Add +939.3% | 0.22% | +0.20 |
| AAAU Goldman Sachs Physical Gold | Add +2.9% | 0.95% | +0.20 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +8.6% | 1.81% | +0.18 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +14.9% | 2.53% | +0.17 |
| UPS United Parcel Service Class B | Add +1088.9% | 0.19% | +0.17 |
| JPRE JPMorgan Realty Income ETF | Add +43.0% | 0.45% | +0.15 |
| BMY Bristol-Myers Squibb Co. | Add +36.3% | 0.39% | +0.13 |
| LDOS Leidos Holdings Inc. | Add +75.8% | 0.29% | +0.12 |
| MDT Medtronic PLC | Add +9.7% | 0.54% | +0.11 |
| OBDC Blue Owl Capital Corp. | Add +46.0% | 0.35% | +0.11 |
| JNJ Johnson & Johnson | Add +3.4% | 0.52% | +0.09 |
| KR Kroger Co. | Add +5.7% | 0.52% | +0.09 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +28.9% | 0.42% | +0.09 |
| PDBC Invesco Optimum Yield Divers | Add +6.6% | 0.65% | +0.09 |
| VRTX Vertex Pharmaceuticals Inc. | Add +4.2% | 0.38% | +0.09 |
| AZN Astrazeneca PLC-Spons ADR | Add +18.6% | 0.31% | +0.08 |
| SGOV iShares 0-3 Month Treasury B | New | 0.08% | +0.08 |
| IGF iShares Global Infrastructur | New | 0.08% | +0.08 |
| CSCO Cisco Systems Inc. | Add +15.9% | 0.36% | +0.07 |
| IXUS iShares Core Intl Stock ETF | Add +9.9% | 0.39% | +0.06 |
| META Meta Platforms Inc. Class A | Add +10.6% | 0.56% | +0.06 |
| UNH Unitedhealth Group Inc. | Add +4.7% | 0.47% | +0.05 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +4.8% | 1.65% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +5.9% | 0.39% | +0.04 |
| MLPX Global X MLP & Energy Infras | Add +5.0% | 0.32% | +0.04 |
| VEA Vanguard Ftse Developed ETF | Add +1.1% | 0.40% | +0.04 |
| JCI Johnson Controls Internation | Add +5.7% | 0.37% | +0.04 |
| IEFA iShares Core MSCI Eafe ETF | Add +36.2% | 0.10% | +0.03 |
| PEP Pepsico Inc. | Add +10.1% | 0.29% | +0.03 |
| OLN Olin Corp. | Add +53.4% | 0.25% | +0.03 |
| SCHC Schwab Intl Small-Cap Equity | Add +10.9% | 0.18% | +0.03 |
| WFC Wells Fargo & Co. | Add +0.8% | 0.50% | +0.03 |
| XRNPX Cohen & Steers REIT and Pref | Add +10.0% | 0.17% | +0.03 |
| TYL Tyler Technologies Inc. | Add +2.5% | 0.43% | +0.03 |
| IWP iShares Russell Mid-Cap Grow | Add +24.0% | 0.16% | +0.03 |
| CTRA Coterra Energy Inc. | Add +0.4% | 0.17% | +0.02 |
| QCOM Qualcomm Inc. | Add +2.3% | 0.48% | +0.02 |
| BUG Global X Cybersecurity ETF | Add +5.0% | 0.29% | +0.02 |
Options Activity Q4 2024 → Q1 2025
| GOOG Alphabet Inc. Class C | put | Sold out | 3,700 | $705Kbefore exit |
| TSLA Tesla Inc. | call | Reduce -33.3% | 200 | $52K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| BIAFW Bioaffinity Technologiew-27 | *W EXP 09/07/202 | Sold out | 2,448 | $733before exit |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Sold out | 11 | $303before exit |
| FTCS First Trust Capital Strength | CAP STRENGTH ETF | 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 |