Oarsman Capital, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Oarsman Capital, Inc. reported 239 stock positions worth $769.6 million. Its top holding was iShares Core U.S. Aggregate (AGG) at 9.8% of the portfolio, followed by Schwab Intl Equity ETF (SCHF, 8.1%) and SS SPDR P S&P 500 Growth ETF (SPYG, 7.5%). Compared with Q3 2025, it opened 12 new positions, sold out of 20, added to 118 and reduced 83. The biggest buy was Schwab Intl Equity ETF (SCHF, shares +20%) and the biggest sale JPMorgan Ultra-Short Income (JPST, shares −42%).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0001569667
- Portfolio Value
- $769.6M (Q4 2025)
- SEC Filing
- 0001569667-26-000001 ↗ filed Feb 13, 2026
Holdings Value
Holdings 239 stocks · $769.6M
| AGG iShares Core U.S. Aggregate | 9.84% | 758,319 | $75.7M | Add +11.2% |
| SCHF Schwab Intl Equity ETF | 8.08% | 2,585,925 | $62.2M | Add +20.0% |
| SPYG SS SPDR P S&P 500 Growth ETF | 7.47% | 538,799 | $57.5M | Add +6.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 6.86% | 276,495 | $52.8M | Add +6.4% |
| RSP Invesco S&P 500 Equal Weight | 5.67% | 227,723 | $43.6M | Add +13.9% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 3.63% | 482,998 | $28.0M | Add +10.2% |
| GVI iShares Intermediate Governm | 3.26% | 233,532 | $25.1M | Add +6.4% |
| SPSM SS SPDR P S&P 600 Small Cap | 2.98% | 489,940 | $23.0M | Add +5.1% |
| GOOG Alphabet Inc. Class C | 2.88% | 70,579 | $22.1M | Add +0.1% |
| IVV iShares Core S&P 500 ETF | 2.28% | 25,642 | $17.6M | Reduce -1.1% |
| EMXC iShares MSCI Emr MRK Ex Chna | 2.05% | 216,992 | $15.8M | Add +11.4% |
| MSFT Microsoft Corp. | 1.88% | 29,953 | $14.5M | Add +5.2% |
| AAPL Apple Inc. | 1.77% | 49,984 | $13.6M | Add +12.7% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.72% | 165,466 | $13.3M | Add +7.4% |
| NVDA Nvidia Corp. | 1.67% | 69,051 | $12.9M | Add +5.1% |
| AAAU Goldman Sachs Physical Gold | 1.07% | 194,089 | $8.3M | Add +6.8% |
| IWF iShares Russell 1000 Growth | 1.06% | 17,178 | $8.1M | Add +8.2% |
| AVGO Broadcom Inc. | 1.01% | 22,395 | $7.8M | Add +1.2% |
| JPST JPMorgan Ultra-Short Income | 0.88% | 133,569 | $6.8M | Reduce -42.0% |
| AMZN Amazon.com Inc. | 0.85% | 28,450 | $6.6M | Add +2.7% |
| GOOGL Alphabet Inc. Class A | 0.84% | 20,603 | $6.4M | Add +2.5% |
| META Meta Platforms Inc. Class A | 0.65% | 7,634 | $5.0M | Add +4.1% |
| WMT Walmart Inc. | 0.64% | 44,257 | $4.9M | Add +6.0% |
| GS Goldman Sachs Group Inc. | 0.64% | 5,567 | $4.9M | Add +6.9% |
| C Citigroup Inc. | 0.62% | 41,210 | $4.8M | Add +0.6% |
| RSPG Invesco S&P 500 Equal Weight | 0.60% | 57,879 | $4.6M | Add +4.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.60% | 29,847 | $4.6M | Add +3.6% |
| ABBV Abbvie Inc. | 0.57% | 19,056 | $4.4M | Add +4.5% |
| CAT Caterpillar Inc. | 0.56% | 7,526 | $4.3M | Reduce -1.0% |
| JPRE JPMorgan Realty Income ETF | 0.55% | 90,369 | $4.2M | Add +15.3% |
| APH Amphenol Corp. Class A | 0.55% | 31,122 | $4.2M | Reduce -16.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.53% | 8,182 | $4.1M | Reduce -3.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.53% | 13,860 | $4.1M | Add +1.8% |
| WFC Wells Fargo & Co. | 0.53% | 43,715 | $4.1M | Add +7.5% |
| PDBC Invesco Optimum Yield Divers | 0.50% | 290,266 | $3.8M | Add +2.8% |
| JNJ Johnson & Johnson | 0.49% | 18,048 | $3.7M | Reduce -2.5% |
| JCI Johnson Controls Internation | 0.46% | 29,569 | $3.5M | Add +10.0% |
| PH Parker Hannifin Corp. | 0.46% | 4,009 | $3.5M | Add +1.0% |
| MDT Medtronic PLC | 0.43% | 34,083 | $3.3M | Add +1.6% |
| HPE Hewlett Packard Enterprise | 0.42% | 135,996 | $3.3M | Add +31.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.42% | 4,739 | $3.2M | Add +10.2% |
| SCHZ Schwab US Aggregate Bond ETF | 0.40% | 130,853 | $3.1M | Reduce -8.8% |
| ORLY O'reilly Automotive Inc. | 0.38% | 32,440 | $3.0M | Add +4.9% |
| CMI Cummins Inc. | 0.38% | 5,745 | $2.9M | Add +2.6% |
| LDOS Leidos Holdings Inc. | 0.37% | 15,914 | $2.9M | Add +7.5% |
| KR Kroger Co. | 0.37% | 45,608 | $2.8M | Add +5.2% |
| FCX Freeport-McMoran Inc. | 0.37% | 55,928 | $2.8M | Add +7.1% |
| INTU Intuit Inc. | 0.36% | 4,139 | $2.7M | Add +103.8% |
| CSCO Cisco Systems Inc. | 0.36% | 35,554 | $2.7M | Add +3.0% |
| JPM JPMorgan Chase & Co. | 0.35% | 8,343 | $2.7M | Reduce -4.5% |
| GLD SPDR Gold Shares | 0.35% | 6,711 | $2.7M | Add +2.1% |
| AZN Astrazeneca PLC | 0.34% | 28,644 | $2.6M | New |
| IXUS iShares Core Intl Stock ETF | 0.33% | 30,258 | $2.6M | Reduce -0.2% |
| UBER Uber Technologies Inc. | 0.32% | 30,358 | $2.5M | Add +63.0% |
| QCOM Qualcomm Inc. | 0.32% | 14,304 | $2.4M | Add +7.5% |
| IWD iShares Russell 1000 Value E | 0.31% | 11,333 | $2.4M | Reduce -3.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.31% | 20,658 | $2.4M | Add +1.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 42,267 | $2.3M | Add +13.7% |
| TSLA Tesla Inc. | 0.30% | 5,063 | $2.3M | Add +1.5% |
| GWW WW Grainger Inc. | 0.29% | 2,217 | $2.2M | Add +0.2% |
| MLPX Global X MLP & Energy Infras | 0.28% | 36,211 | $2.2M | Add +16.6% |
| VRTX Vertex Pharmaceuticals Inc. | 0.28% | 4,790 | $2.2M | Add +1.6% |
| BMY Bristol-Myers Squibb Co. | 0.28% | 39,306 | $2.1M | Add +4.1% |
| BUG Global X Cybersecurity ETF | 0.28% | 69,545 | $2.1M | Add +4.2% |
| VEA Vanguard Ftse Developed ETF | 0.28% | 33,880 | $2.1M | Reduce -18.3% |
| LLY Eli Lilly & Co. | 0.27% | 1,929 | $2.1M | Reduce -1.4% |
| FISV Fiserv Inc. | 0.27% | 30,831 | $2.1M | Reduce -37.3% |
| IJS iShares S&P Small-Cap 600 Va | 0.27% | 18,093 | $2.1M | Reduce -6.9% |
| HBAN Huntington Bancshares Inc. | 0.25% | 111,540 | $1.9M | Add +4.0% |
| IAUM iShares Gold Trust Micro | 0.25% | 44,976 | $1.9M | Reduce -5.8% |
| RJF Raymond James Financial Inc. | 0.24% | 11,715 | $1.9M | Add +4.3% |
| V Visa Inc. Class A | 0.24% | 5,361 | $1.9M | Add +239.9% |
| PEP Pepsico Inc. | 0.23% | 12,521 | $1.8M | Add +0.7% |
| DFAS Dimensional US Small Cap ETF | 0.23% | 25,769 | $1.8M | Reduce -11.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.22% | 5,078 | $1.7M | Add +21.3% |
| IJT iShares S&P Small-Cap 600 GR | 0.22% | 11,945 | $1.7M | Reduce -5.5% |
| SCHC Schwab Intl Small-Cap Equity | 0.22% | 36,389 | $1.7M | Add +12.2% |
| VOO Vanguard S&P 500 ETF | 0.21% | 2,546 | $1.6M | Reduce -4.5% |
| ORCL Oracle Corp. | 0.21% | 8,102 | $1.6M | Reduce -6.7% |
| MTG Mgic Investment Corp. | 0.20% | 52,483 | $1.5M | Reduce -8.6% |
| TYL Tyler Technologies Inc. | 0.20% | 3,364 | $1.5M | Reduce -22.4% |
| UNH Unitedhealth Group Inc. | 0.20% | 4,597 | $1.5M | Add +2.3% |
| COST Costco Wholesale Corp. | 0.19% | 1,656 | $1.4M | Add +9.2% |
| OI O-I Glass Inc. | 0.17% | 88,965 | $1.3M | Reduce -2.4% |
| SCHB Schwab US Broad Market ETF | 0.16% | 45,560 | $1.2M | Add +2.5% |
| MUB iShares National Muni Bond E | 0.15% | 10,758 | $1.2M | Reduce -0.2% |
| OLN Olin Corp. | 0.15% | 55,190 | $1.1M | Add +11.6% |
| MUA BlackRock Muniassets Fund | 0.14% | 100,886 | $1.1M | Add +12.8% |
| UPS United Parcel Service Class B | 0.14% | 10,871 | $1.1M | Add +20.0% |
| IWP iShares Russell Mid-Cap Grow | 0.14% | 7,683 | $1.1M | No change |
| CTRA Coterra Energy Inc. | 0.12% | 35,817 | $943K | Add +0.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.12% | 1,509 | $927K | Add +0.4% |
| MCD McDonald's Corp. | 0.12% | 3,011 | $920K | Reduce -3.9% |
| OMC Omnicom Group | 0.12% | 11,340 | $916K | Reduce -0.5% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.11% | 13,113 | $880K | Add +47.7% |
| ISRG Intuitive Surgical Inc. | 0.11% | 1,542 | $873K | Add +2.1% |
| UAL United Airlines Holdings Inc. | 0.11% | 7,741 | $866K | Add +33.6% |
| AMD Advanced Micro Devices | 0.11% | 4,033 | $864K | Add +1.5% |
| RPM RPM International Inc. | 0.11% | 8,170 | $850K | Reduce -10.2% |
| IJH iShares Core S&P Midcap ETF | 0.11% | 12,872 | $850K | Reduce -6.9% |
Options reported separately and not counted above: GOOG puts ($879K), TSLA calls ($180K).
Portfolio Sells Q3 2025 → Q4 2025
| JPST JPMorgan Ultra-Short Income | Reduce -42.0% | 0.88% | −0.76 |
| FISV Fiserv Inc. | Reduce -37.3% | 0.27% | −0.62 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.27 |
| OBDC Blue Owl Capital Corp. | Reduce -90.0% | 0.02% | −0.20 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.19 |
| IVV iShares Core S&P 500 ETF | Reduce -1.1% | 2.28% | −0.15 |
| ORCL Oracle Corp. | Reduce -6.7% | 0.21% | −0.14 |
| TYL Tyler Technologies Inc. | Reduce -22.4% | 0.20% | −0.12 |
| APH Amphenol Corp. Class A | Reduce -16.7% | 0.55% | −0.10 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -8.8% | 0.40% | −0.08 |
| VEA Vanguard Ftse Developed ETF | Reduce -18.3% | 0.28% | −0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.3% | 0.53% | −0.06 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.05 |
| AXON Axon Enterprise Inc. | Reduce -9.1% | 0.09% | −0.05 |
| DFAS Dimensional US Small Cap ETF | Reduce -11.0% | 0.23% | −0.04 |
| RPM RPM International Inc. | Reduce -10.2% | 0.11% | −0.04 |
| PAYX Paychex Inc. | Sold out | 0.00% | −0.04 |
| NOBL Proshares S&P 500 Dividend A | Sold out | 0.00% | −0.04 |
| TGT Target Corp. | Sold out | 0.00% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -4.5% | 0.35% | −0.04 |
| STE Steris PLC | Sold out | 0.00% | −0.04 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.04 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -6.9% | 0.27% | −0.03 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -5.5% | 0.22% | −0.03 |
| CHD Church & Dwight Co. Inc. | Sold out | 0.00% | −0.03 |
| VEEV Veeva Systems Inc. Class A | Sold out | 0.00% | −0.03 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.03 |
| CPRT Copart Inc. | Reduce -26.3% | 0.04% | −0.03 |
| GEV GE Vernova Inc. | Sold out | 0.00% | −0.03 |
| MTG Mgic Investment Corp. | Reduce -8.6% | 0.20% | −0.03 |
| RRX Regal Rexnord Corp. | Sold out | 0.00% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -20.6% | 0.06% | −0.03 |
| EMR Emerson Electric Co. | Sold out | 0.00% | −0.03 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.03 |
| VLTO Veralto Corp. | Sold out | 0.00% | −0.03 |
| CSGP Costar Group Inc. | Reduce -11.6% | 0.05% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -8.5% | 0.10% | −0.03 |
| FAST Fastenal Co. | Reduce -1.4% | 0.08% | −0.03 |
| IWD iShares Russell 1000 Value E | Reduce -3.3% | 0.31% | −0.03 |
| VOO Vanguard S&P 500 ETF | Reduce -4.5% | 0.21% | −0.02 |
| RIVN Rivian Automotive Inc. Class A | Sold out | 0.00% | −0.02 |
| F Ford Motor Co. | Sold out | 0.00% | −0.02 |
| HSY The Hershey Co. | Reduce -29.0% | 0.03% | −0.02 |
| FTGC First Trust Global Tactical | Reduce -10.0% | 0.06% | −0.02 |
| IXUS iShares Core Intl Stock ETF | Reduce -0.2% | 0.33% | −0.02 |
| ICE Intercontinental Exchange Inc. | Reduce -33.4% | 0.03% | −0.02 |
| BTZ BlackRock Credit Allocation | Sold out | 0.00% | −0.02 |
| DWM Wisdomtree International Equ | Reduce -10.7% | 0.10% | −0.02 |
| WEC WEC Energy Group Inc. | Reduce -7.4% | 0.06% | −0.02 |
| IJH iShares Core S&P Midcap ETF | Reduce -6.9% | 0.11% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| SCHF Schwab Intl Equity ETF | Add +20.0% | 8.08% | +1.04 |
| GOOG Alphabet Inc. Class C | Add +0.1% | 2.88% | +0.47 |
| RSP Invesco S&P 500 Equal Weight | Add +13.9% | 5.67% | +0.35 |
| AZN Astrazeneca PLC | New | 0.34% | +0.34 |
| AGG iShares Core U.S. Aggregate | Add +11.2% | 9.84% | +0.25 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +11.4% | 2.05% | +0.20 |
| AAPL Apple Inc. | Add +12.7% | 1.77% | +0.18 |
| V Visa Inc. Class A | Add +239.9% | 0.24% | +0.17 |
| INTU Intuit Inc. | Add +103.8% | 0.36% | +0.16 |
| GOOGL Alphabet Inc. Class A | Add +2.5% | 0.84% | +0.15 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +10.2% | 3.63% | +0.12 |
| AAAU Goldman Sachs Physical Gold | Add +6.8% | 1.07% | +0.10 |
| DSI iShares ESG MSCI KLD 400 ETF | New | 0.10% | +0.10 |
| FCX Freeport-McMoran Inc. | Add +7.1% | 0.37% | +0.08 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +6.9% | 7.47% | +0.08 |
| HPE Hewlett Packard Enterprise | Add +31.3% | 0.42% | +0.07 |
| UBER Uber Technologies Inc. | Add +63.0% | 0.32% | +0.07 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +6.4% | 6.86% | +0.06 |
| GS Goldman Sachs Group Inc. | Add +6.9% | 0.64% | +0.05 |
| WFC Wells Fargo & Co. | Add +7.5% | 0.53% | +0.05 |
| CMI Cummins Inc. | Add +2.6% | 0.38% | +0.05 |
| JCI Johnson Controls Internation | Add +10.0% | 0.46% | +0.05 |
| C Citigroup Inc. | Add +0.6% | 0.62% | +0.04 |
| QQQM Invesco Nasdaq 100 ETF | New | 0.04% | +0.04 |
| WMT Walmart Inc. | Add +6.0% | 0.64% | +0.04 |
| BMY Bristol-Myers Squibb Co. | Add +4.1% | 0.28% | +0.04 |
| PH Parker Hannifin Corp. | Add +1.0% | 0.46% | +0.04 |
| WDC Western Digital Corp. | New | 0.04% | +0.04 |
| IVW iShares S&P 500 Growth ETF | Add +81.9% | 0.09% | +0.04 |
| UAL United Airlines Holdings Inc. | Add +33.6% | 0.11% | +0.03 |
| UPS United Parcel Service Class B | Add +20.0% | 0.14% | +0.03 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +47.7% | 0.11% | +0.03 |
| BAC Bank of America Corp. | Add +13.7% | 0.30% | +0.03 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +7.4% | 1.72% | +0.03 |
| AXP American Express Co. | New | 0.03% | +0.03 |
| PWR Quanta Services Inc. | New | 0.03% | +0.03 |
| WM Waste Management Inc. | New | 0.03% | +0.03 |
| DXJ Wisdomtree Japan Hedged Eq | New | 0.03% | +0.03 |
| VTI VG Morningstar TS MKT ETF-US | Add +21.3% | 0.22% | +0.03 |
| SNY Sanofi-ADR | New | 0.03% | +0.03 |
| MS Morgan Stanley | New | 0.03% | +0.03 |
| KVUE Kenvue Inc. | New | 0.02% | +0.02 |
| CSCO Cisco Systems Inc. | Add +3.0% | 0.36% | +0.02 |
| VRTX Vertex Pharmaceuticals Inc. | Add +1.6% | 0.28% | +0.02 |
| DOC Healthpeak Properties Inc. | New | 0.02% | +0.02 |
| AMD Advanced Micro Devices | Add +1.5% | 0.11% | +0.02 |
| JPRE JPMorgan Realty Income ETF | Add +15.3% | 0.55% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | Add +41.5% | 0.08% | +0.02 |
| SLV iShares Silver Trust | Add +8.8% | 0.06% | +0.02 |
| CERY SS SPDR BBG En RY CM St N-Ui | Add +37.9% | 0.09% | +0.02 |
Options Activity Q3 2025 → Q4 2025
| GOOG Alphabet Inc. Class C | put | Add +180.0% | 2,800 | $879K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings 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 |