Oarsman Capital, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 1, 2025), Oarsman Capital, Inc. reported 249 stock positions worth $637.7 million. Its top holding was SS SPDR P S&P 500 Growth ETF (SPYG) at 7.1% of the portfolio, followed by Vanguard Mrngstr Val ETF-Aui (VTV, 7.0%) and Ishr CR Unvrse Usd BD ETF-Ui (IUSB, 6.5%). Compared with Q1 2025, it opened 21 new positions, sold out of 5, added to 112 and reduced 87. The biggest buy was Ishr CR Unvrse Usd BD ETF-Ui (IUSB, shares +35%) and the biggest sale Fiserv (FISV, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0001569667
- Portfolio Value
- $637.7M (Q2 2025)
- SEC Filing
- 0001569667-25-000003 ↗ filed Aug 1, 2025
Holdings Value
Holdings 249 stocks · $637.7M
| SPYG SS SPDR P S&P 500 Growth ETF | 7.10% | 475,148 | $45.3M | Add +7.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 7.02% | 253,213 | $44.8M | Add +6.5% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 6.54% | 902,048 | $41.7M | Add +35.1% |
| SCHF Schwab Intl Equity ETF | 6.50% | 1,874,331 | $41.4M | Add +9.5% |
| GVI iShares Intermediate Governm | 5.41% | 322,816 | $34.5M | Add +4.1% |
| RSP Invesco S&P 500 Equal Weight | 5.27% | 185,078 | $33.6M | Add +27.6% |
| SPSM SS SPDR P S&P 600 Small Cap | 2.88% | 431,350 | $18.4M | Add +24.8% |
| IVV iShares Core S&P 500 ETF | 2.82% | 29,012 | $18.0M | Reduce -1.1% |
| MSFT Microsoft Corp. | 2.19% | 28,068 | $14.0M | Add +1.1% |
| JPST JPMorgan Ultra-Short Income | 2.02% | 254,047 | $12.9M | Add +6.9% |
| GOOG Alphabet Inc. Class C | 1.98% | 71,252 | $12.6M | Reduce -4.3% |
| EMXC iShares MSCI Emr MRK Ex Chna | 1.87% | 188,560 | $11.9M | Add +2.9% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 1.74% | 204,449 | $11.1M | Add +36.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.66% | 145,768 | $10.6M | Add +4.6% |
| NVDA Nvidia Corp. | 1.64% | 66,290 | $10.5M | Add +1.7% |
| AAPL Apple Inc. | 1.35% | 42,016 | $8.6M | Add +5.3% |
| IWF iShares Russell 1000 Growth | 1.24% | 18,649 | $7.9M | Reduce -5.2% |
| FISV Fiserv Inc. | 1.24% | 45,744 | $7.9M | Reduce -2.7% |
| AVGO Broadcom Inc. | 1.00% | 23,064 | $6.4M | Reduce -0.9% |
| AAAU Goldman Sachs Physical Gold | 0.93% | 182,412 | $6.0M | Add +6.1% |
| AMZN Amazon.com Inc. | 0.87% | 25,269 | $5.5M | Reduce -2.1% |
| META Meta Platforms Inc. Class A | 0.68% | 5,885 | $4.3M | Add +8.8% |
| RSPG Invesco S&P 500 Equal Weight | 0.68% | 58,112 | $4.3M | Add +2.8% |
| AGG iShares Core U.S. Aggregate | 0.65% | 41,816 | $4.1M | Add +5.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.64% | 8,414 | $4.1M | Reduce -4.2% |
| WMT Walmart Inc. | 0.63% | 41,237 | $4.0M | Add +0.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.61% | 13,297 | $3.9M | Reduce -3.9% |
| GS Goldman Sachs Group Inc. | 0.60% | 5,438 | $3.8M | Add +1.5% |
| PDBC Invesco Optimum Yield Divers | 0.59% | 289,259 | $3.8M | Add +8.3% |
| GOOGL Alphabet Inc. Class A | 0.56% | 20,346 | $3.6M | Add +0.2% |
| APH Amphenol Corp. Class A | 0.55% | 35,733 | $3.5M | Reduce -2.9% |
| SCHZ Schwab US Aggregate Bond ETF | 0.55% | 151,220 | $3.5M | Add +30.1% |
| C Citigroup Inc. | 0.55% | 40,958 | $3.5M | Add +117.1% |
| ABBV Abbvie Inc. | 0.52% | 17,723 | $3.3M | Add +0.7% |
| WFC Wells Fargo & Co. | 0.50% | 40,030 | $3.2M | Add +3.4% |
| JPRE JPMorgan Realty Income ETF | 0.48% | 64,447 | $3.1M | Add +22.8% |
| KR Kroger Co. | 0.47% | 41,422 | $3.0M | Reduce -3.4% |
| CAT Caterpillar Inc. | 0.46% | 7,609 | $3.0M | Add +0.4% |
| IWD iShares Russell 1000 Value E | 0.45% | 14,888 | $2.9M | Add +2.1% |
| MDT Medtronic PLC | 0.45% | 32,826 | $2.9M | Reduce -1.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.44% | 22,675 | $2.8M | Reduce -13.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.44% | 4,512 | $2.8M | Add +8.8% |
| JCI Johnson Controls Internation | 0.42% | 25,566 | $2.7M | Reduce -0.4% |
| JNJ Johnson & Johnson | 0.42% | 17,669 | $2.7M | Add +0.6% |
| PH Parker Hannifin Corp. | 0.42% | 3,803 | $2.7M | Reduce -8.4% |
| TYL Tyler Technologies Inc. | 0.40% | 4,286 | $2.5M | Add +4.4% |
| JPM JPMorgan Chase & Co. | 0.40% | 8,757 | $2.5M | Reduce -2.0% |
| MBB iShares MBS ETF | 0.39% | 26,567 | $2.5M | Add +0.5% |
| BUG Global X Cybersecurity ETF | 0.38% | 65,579 | $2.4M | Add +30.0% |
| VEA Vanguard Ftse Developed ETF | 0.37% | 41,570 | $2.4M | Reduce -4.5% |
| IXUS iShares Core Intl Stock ETF | 0.37% | 30,454 | $2.4M | Reduce -2.9% |
| CSCO Cisco Systems Inc. | 0.36% | 32,726 | $2.3M | Add +1.4% |
| LDOS Leidos Holdings Inc. | 0.35% | 14,246 | $2.2M | Add +19.9% |
| ORLY O'reilly Automotive Inc. | 0.35% | 24,893 | $2.2M | Add +36.7% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.35% | 2,120 | $2.2M | Add +3.5% |
| JCPB JPMorgan Core Plus Bond ETF | 0.34% | 46,123 | $2.2M | Add +2.4% |
| FCX Freeport-McMoran Inc. | 0.34% | 49,806 | $2.2M | Reduce -1.6% |
| QCOM Qualcomm Inc. | 0.33% | 13,050 | $2.1M | Reduce -24.4% |
| DFAS Dimensional US Small Cap ETF | 0.32% | 32,087 | $2.0M | Reduce -60.5% |
| GLD SPDR Gold Shares | 0.32% | 6,645 | $2.0M | Add +1.5% |
| IJS iShares S&P Small-Cap 600 Va | 0.31% | 20,105 | $2.0M | Reduce -11.8% |
| VRTX Vertex Pharmaceuticals Inc. | 0.31% | 4,387 | $2.0M | Add +1.0% |
| ORCL Oracle Corp. | 0.30% | 8,818 | $1.9M | Reduce -2.3% |
| OI O-I Glass Inc. | 0.30% | 130,383 | $1.9M | Reduce -3.7% |
| BMY Bristol-Myers Squibb Co. | 0.29% | 39,683 | $1.8M | Add +11.3% |
| MLPX Global X MLP & Energy Infras | 0.29% | 29,295 | $1.8M | Add +6.0% |
| IJT iShares S&P Small-Cap 600 GR | 0.29% | 13,746 | $1.8M | Reduce -10.3% |
| OBDC Blue Owl Capital Corp. | 0.28% | 125,847 | $1.8M | Reduce -6.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.28% | 5,901 | $1.8M | Reduce -18.1% |
| HBAN Huntington Bancshares Inc. | 0.28% | 105,781 | $1.8M | Add +0.3% |
| ADBE Adobe Inc. | 0.28% | 4,573 | $1.8M | Reduce -7.3% |
| CMI Cummins Inc. | 0.28% | 5,356 | $1.8M | Add +5.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.27% | 36,543 | $1.7M | Reduce -17.6% |
| UBER Uber Technologies Inc. | 0.27% | 18,382 | $1.7M | Add +266.3% |
| RJF Raymond James Financial Inc. | 0.27% | 11,143 | $1.7M | Add +2.5% |
| PEP Pepsico Inc. | 0.26% | 12,354 | $1.6M | Add +14.4% |
| AZN Astrazeneca PLC-Spons ADR | 0.26% | 23,329 | $1.6M | Reduce -1.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.25% | 13,103 | $1.6M | Add +3.7% |
| MTG Mgic Investment Corp. | 0.25% | 58,305 | $1.6M | Reduce -4.7% |
| IAUM iShares Gold Trust Micro | 0.25% | 48,240 | $1.6M | Reduce -0.4% |
| INTU Intuit Inc. | 0.25% | 1,996 | $1.6M | Add +2.7% |
| VOO Vanguard S&P 500 ETF | 0.24% | 2,667 | $1.5M | Reduce -20.4% |
| UNH Unitedhealth Group Inc. | 0.23% | 4,804 | $1.5M | Reduce -3.3% |
| LLY Eli Lilly & Co. | 0.23% | 1,889 | $1.5M | Add +0.4% |
| COST Costco Wholesale Corp. | 0.22% | 1,410 | $1.4M | Add +4.4% |
| SCHC Schwab Intl Small-Cap Equity | 0.19% | 29,170 | $1.2M | Add +5.7% |
| AXON Axon Enterprise Inc. | 0.19% | 1,475 | $1.2M | No change |
| MUB iShares National Muni Bond E | 0.18% | 11,001 | $1.1M | No change |
| IJH iShares Core S&P Midcap ETF | 0.17% | 17,739 | $1.1M | Reduce -18.0% |
| OLN Olin Corp. | 0.17% | 54,177 | $1.1M | Reduce -4.6% |
| IWP iShares Russell Mid-Cap Grow | 0.17% | 7,741 | $1.1M | No change |
| ACWX iShares MSCI Acwi Ex US ETF | 0.16% | 17,206 | $1.0M | Add +119.0% |
| UPS United Parcel Service Class B | 0.16% | 10,328 | $1.0M | Add +8.7% |
| TSLA Tesla Inc. | 0.16% | 3,278 | $1.0M | Add +5.6% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.16% | 21,261 | $1.0M | Reduce -9.4% |
| RPM RPM International Inc. | 0.16% | 9,365 | $1.0M | No change |
| CMCSA Comcast Corp. Class A | 0.16% | 28,391 | $1.0M | Add +5.4% |
| SCHB Schwab US Broad Market ETF | 0.15% | 41,174 | $981K | Add +9.6% |
| XRNPX Cohen & Steers REIT and Pref | 0.15% | 42,350 | $964K | Reduce -3.8% |
| IEI iShares 3-7 Year Treasury Bo | 0.15% | 8,091 | $964K | Reduce -20.8% |
Options reported separately and not counted above: TSLA calls ($64K).
Portfolio Sells Q1 2025 → Q2 2025
| FISV Fiserv Inc. | Reduce -2.7% | 1.24% | −0.63 |
| DFAS Dimensional US Small Cap ETF | Reduce -60.5% | 0.32% | −0.55 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Sold out | 0.00% | −0.42 |
| UNH Unitedhealth Group Inc. | Reduce -3.3% | 0.23% | −0.23 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -4.2% | 0.64% | −0.20 |
| QCOM Qualcomm Inc. | Reduce -24.4% | 0.33% | −0.15 |
| IVV iShares Core S&P 500 ETF | Reduce -1.1% | 2.82% | −0.14 |
| TJX TJX Companies Inc. | Reduce -13.2% | 0.44% | −0.13 |
| VZ Verizon Communications Inc. | Reduce -45.0% | 0.10% | −0.12 |
| GOOG Alphabet Inc. Class C | Reduce -4.3% | 1.98% | −0.11 |
| MDT Medtronic PLC | Reduce -1.5% | 0.45% | −0.09 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -11.8% | 0.31% | −0.09 |
| OLN Olin Corp. | Reduce -4.6% | 0.17% | −0.08 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -18.1% | 0.28% | −0.07 |
| VOO Vanguard S&P 500 ETF | Reduce -20.4% | 0.24% | −0.07 |
| OBDC Blue Owl Capital Corp. | Reduce -6.1% | 0.28% | −0.07 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -20.8% | 0.15% | −0.07 |
| ADBE Adobe Inc. | Reduce -7.3% | 0.28% | −0.06 |
| BAC Bank of America Corp. | Reduce -17.6% | 0.27% | −0.06 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -1.6% | 0.26% | −0.06 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -10.3% | 0.29% | −0.06 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.06 |
| KR Kroger Co. | Reduce -3.4% | 0.47% | −0.06 |
| IJH iShares Core S&P Midcap ETF | Reduce -18.0% | 0.17% | −0.05 |
| CVX Chevron Corp. | Reduce -5.0% | 0.12% | −0.05 |
| SGOV iShares 0-3 Month Treasury B | Reduce -43.7% | 0.04% | −0.04 |
| ISTB iShares Core 1-5 Year Usd Bo | Reduce -9.4% | 0.16% | −0.04 |
| GL Globe Life Inc. | Sold out | 0.00% | −0.04 |
| DLTR Dollar Tree Inc. | Sold out | 0.00% | −0.04 |
| PH Parker Hannifin Corp. | Reduce -8.4% | 0.42% | −0.04 |
| FTGC First Trust Global Tactical | Reduce -19.0% | 0.08% | −0.04 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.04 |
| IWF iShares Russell 1000 Growth | Reduce -5.2% | 1.24% | −0.03 |
| PFE Pfizer Inc. | Reduce -3.0% | 0.13% | −0.03 |
| MCD McDonald's Corp. | Reduce -0.5% | 0.13% | −0.03 |
| VEA Vanguard Ftse Developed ETF | Reduce -4.5% | 0.37% | −0.03 |
| DWM Wisdomtree International Equ | Reduce -12.5% | 0.13% | −0.03 |
| ACN Accenture PLC Class A | Reduce -2.1% | 0.11% | −0.02 |
| IXUS iShares Core Intl Stock ETF | Reduce -2.9% | 0.37% | −0.02 |
| SCHA Schwab US Small-Cap ETF | Reduce -10.2% | 0.13% | −0.02 |
| XRNPX Cohen & Steers REIT and Pref | Reduce -3.8% | 0.15% | −0.02 |
| IAUM iShares Gold Trust Micro | Reduce -0.4% | 0.25% | −0.02 |
| LNT Alliant Energy Corp. | Reduce -3.1% | 0.08% | −0.02 |
| KMB Kimberly-Clark Corp. | Reduce -5.3% | 0.06% | −0.02 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -15.6% | 0.08% | −0.02 |
| MTG Mgic Investment Corp. | Reduce -4.7% | 0.25% | −0.02 |
| XEL Xcel Energy Inc. | Reduce -0.6% | 0.09% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Reduce -3.9% | 0.04% | −0.02 |
| AMZN Amazon.com Inc. | Reduce -2.1% | 0.87% | −0.01 |
| PRU Prudential Financial Inc. | Reduce -7.0% | 0.04% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +35.1% | 6.54% | +1.01 |
| RSP Invesco S&P 500 Equal Weight | Add +27.6% | 5.27% | +0.76 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +7.6% | 7.10% | +0.73 |
| SCHF Schwab Intl Equity ETF | Add +9.5% | 6.50% | +0.41 |
| NVDA Nvidia Corp. | Add +1.7% | 1.64% | +0.37 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +36.4% | 1.74% | +0.37 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +24.8% | 2.88% | +0.35 |
| MSFT Microsoft Corp. | Add +1.1% | 2.19% | +0.32 |
| C Citigroup Inc. | Add +117.1% | 0.55% | +0.31 |
| UBER Uber Technologies Inc. | Add +266.3% | 0.27% | +0.20 |
| OMC Omnicom Group | New | 0.13% | +0.13 |
| META Meta Platforms Inc. Class A | Add +8.8% | 0.68% | +0.12 |
| BUG Global X Cybersecurity ETF | Add +30.0% | 0.38% | +0.09 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +119.0% | 0.16% | +0.09 |
| AMD Advanced Micro Devices | New | 0.08% | +0.08 |
| GS Goldman Sachs Group Inc. | Add +1.5% | 0.60% | +0.08 |
| SCHZ Schwab US Aggregate Bond ETF | Add +30.1% | 0.55% | +0.07 |
| LDOS Leidos Holdings Inc. | Add +19.9% | 0.35% | +0.06 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +2.9% | 1.87% | +0.05 |
| ATI Ati Inc. | New | 0.05% | +0.05 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.05% | +0.05 |
| TT Trane Technologies PLC | New | 0.04% | +0.04 |
| IDXX Idexx Laboratories Inc. | New | 0.04% | +0.04 |
| ORLY O'reilly Automotive Inc. | Add +36.7% | 0.35% | +0.04 |
| GE General Electric | New | 0.04% | +0.04 |
| RMBS Rambus Inc. | New | 0.04% | +0.04 |
| FICO Fair Isaac Corp. | New | 0.04% | +0.04 |
| MUA BlackRock Muniassets Fund | Add +80.0% | 0.11% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | Add +13.8% | 0.10% | +0.04 |
| DDOG Datadog Inc. Class A | New | 0.04% | +0.04 |
| RRX Regal Rexnord Corp. | New | 0.03% | +0.03 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | New | 0.03% | +0.03 |
| BIV Vanguard Intermediate-Term B | New | 0.03% | +0.03 |
| BAX Baxter International Inc. | New | 0.03% | +0.03 |
| VEEV Veeva Systems Inc. Class A | New | 0.03% | +0.03 |
| DG Dollar General Corp. | New | 0.03% | +0.03 |
| EMR Emerson Electric Co. | New | 0.03% | +0.03 |
| ROP Roper Technologies Inc. | New | 0.03% | +0.03 |
| INTU Intuit Inc. | Add +2.7% | 0.25% | +0.03 |
| BMO Bank of Montreal | New | 0.03% | +0.03 |
| MSTR Strategy Inc. | New | 0.03% | +0.03 |
| DIS The Walt Disney Co. | Add +3.7% | 0.25% | +0.03 |
| NOW ServiceNow Inc. | Add +29.8% | 0.09% | +0.03 |
| JPRE JPMorgan Realty Income ETF | Add +22.8% | 0.48% | +0.03 |
| NFLX Netflix Inc. | Add +4.9% | 0.09% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +8.8% | 0.44% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +14.8% | 0.13% | +0.02 |
| TSLA Tesla Inc. | Add +5.6% | 0.16% | +0.02 |
| IBIT iShares Bitcoin Trust ETF | Add +7.6% | 0.09% | +0.02 |
| SCHC Schwab Intl Small-Cap Equity | Add +5.7% | 0.19% | +0.02 |
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 |