Oarsman Capital, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 28, 2026), Oarsman Capital, Inc. reported 235 stock positions worth $805.3 million. Its top holding was iShares Core U.S. Aggregate (AGG) at 11.3% of the portfolio, followed by Schwab Intl Equity ETF (SCHF, 8.6%) and Vanguard Mrngstr Val ETF-Aui (VTV, 7.7%). Compared with Q4 2025, it opened 18 new positions, sold out of 22, added to 88 and reduced 102. The biggest buy was a new position in C&S SD Pref & Inc. Active ETF (CSSD) and the biggest sale Invesco S&P 500 Equal Weight (RSP, shares −26%).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0001569667
- Portfolio Value
- $805.3M (Q1 2026)
- SEC Filing
- 0001569667-26-000002 ↗ filed Apr 28, 2026
Holdings Value
Holdings 235 stocks · $805.3M
| AGG iShares Core U.S. Aggregate | 11.29% | 915,513 | $90.9M | Add +20.7% |
| SCHF Schwab Intl Equity ETF | 8.63% | 2,806,554 | $69.5M | Add +8.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 7.66% | 314,273 | $61.7M | Add +13.7% |
| SPYG SS SPDR P S&P 500 Growth ETF | 6.60% | 543,010 | $53.2M | Add +0.8% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 4.34% | 590,328 | $35.0M | Add +22.2% |
| RSP Invesco S&P 500 Equal Weight | 4.00% | 167,808 | $32.2M | Reduce -26.3% |
| GVI iShares Intermediate Governm | 3.80% | 286,732 | $30.6M | Add +22.8% |
| SPSM SS SPDR P S&P 600 Small Cap | 3.30% | 549,596 | $26.6M | Add +12.2% |
| GOOG Alphabet Inc. Class C | 2.35% | 65,859 | $18.9M | Reduce -6.7% |
| IVV iShares Core S&P 500 ETF | 1.93% | 23,832 | $15.6M | Reduce -7.1% |
| CSSD C&S SD Pref & Inc. Active ETF | 1.77% | 571,991 | $14.3M | New |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.66% | 174,534 | $13.4M | Add +5.5% |
| AAPL Apple Inc. | 1.59% | 50,397 | $12.8M | Add +0.8% |
| EMXC iShares MSCI Emr MRK Ex Chna | 1.59% | 162,507 | $12.8M | Reduce -25.1% |
| NVDA Nvidia Corp. | 1.53% | 70,633 | $12.3M | Add +2.3% |
| MSFT Microsoft Corp. | 1.41% | 30,696 | $11.4M | Add +2.5% |
| XC Wisdomtree True Emerging Mar | 1.37% | 354,790 | $11.1M | Add +5142.2% |
| AAAU Goldman Sachs Physical Gold | 1.10% | 191,704 | $8.9M | Reduce -1.2% |
| JPST JPMorgan Ultra-Short Income | 0.99% | 157,238 | $8.0M | Add +17.7% |
| AVGO Broadcom Inc. | 0.97% | 25,289 | $7.8M | Add +12.9% |
| AMZN Amazon.com Inc. | 0.78% | 30,292 | $6.3M | Add +6.5% |
| RSPG Invesco S&P 500 Equal Weight | 0.76% | 56,008 | $6.1M | Reduce -3.2% |
| GOOGL Alphabet Inc. Class A | 0.76% | 21,204 | $6.1M | Add +2.9% |
| WMT Walmart Inc. | 0.68% | 44,131 | $5.5M | Reduce -0.3% |
| CAT Caterpillar Inc. | 0.68% | 7,726 | $5.5M | Add +2.7% |
| PDBC Invesco Optimum Yield Divers | 0.63% | 294,534 | $5.1M | Add +1.5% |
| GS Goldman Sachs Group Inc. | 0.60% | 5,700 | $4.8M | Add +2.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.59% | 29,961 | $4.8M | Add +0.4% |
| JNJ Johnson & Johnson | 0.57% | 18,908 | $4.6M | Add +4.8% |
| JPRE JPMorgan Realty Income ETF | 0.55% | 92,339 | $4.4M | Add +2.2% |
| META Meta Platforms Inc. Class A | 0.54% | 7,660 | $4.4M | Add +0.3% |
| C Citigroup Inc. | 0.54% | 38,243 | $4.3M | Reduce -7.2% |
| ABBV Abbvie Inc. | 0.53% | 19,598 | $4.3M | Add +2.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.51% | 8,575 | $4.1M | Add +4.8% |
| JCI Johnson Controls Internation | 0.50% | 30,638 | $4.0M | Add +3.6% |
| APH Amphenol Corp. Class A | 0.49% | 31,436 | $4.0M | Add +1.0% |
| FCX Freeport-McMoran Inc. | 0.48% | 66,225 | $3.9M | Add +18.4% |
| PH Parker Hannifin Corp. | 0.46% | 4,116 | $3.7M | Add +2.7% |
| WFC Wells Fargo & Co. | 0.45% | 45,412 | $3.6M | Add +3.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.42% | 14,076 | $3.4M | Add +1.6% |
| AZN Astrazeneca PLC | 0.41% | 16,553 | $3.3M | Add +15.6% |
| HPE Hewlett Packard Enterprise | 0.40% | 135,754 | $3.2M | Reduce -0.2% |
| CMI Cummins Inc. | 0.39% | 5,894 | $3.2M | Add +2.6% |
| KR Kroger Co. | 0.39% | 43,748 | $3.2M | Reduce -4.1% |
| ORLY O'reilly Automotive Inc. | 0.39% | 33,774 | $3.1M | Add +4.1% |
| SCHZ Schwab US Aggregate Bond ETF | 0.38% | 133,464 | $3.1M | Add +2.0% |
| MDT Medtronic PLC | 0.37% | 34,145 | $3.0M | Add +0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.35% | 4,350 | $2.8M | Reduce -8.2% |
| GLD SPDR Gold Shares | 0.35% | 6,528 | $2.8M | Reduce -2.7% |
| CSCO Cisco Systems Inc. | 0.35% | 36,093 | $2.8M | Add +1.5% |
| MLPX Global X MLP & Energy Infras | 0.34% | 37,314 | $2.8M | Add +3.0% |
| IXUS iShares Core Intl Stock ETF | 0.32% | 30,088 | $2.6M | Reduce -0.6% |
| LDOS Leidos Holdings Inc. | 0.31% | 16,305 | $2.5M | Add +2.5% |
| BMY Bristol-Myers Squibb Co. | 0.31% | 41,654 | $2.5M | Add +6.0% |
| JPM JPMorgan Chase & Co. | 0.31% | 8,404 | $2.5M | Add +0.7% |
| GWW WW Grainger Inc. | 0.30% | 2,234 | $2.4M | Add +0.8% |
| IWF iShares Russell 1000 Growth | 0.30% | 5,675 | $2.4M | Reduce -67.0% |
| NFLX Netflix Inc. | 0.29% | 23,907 | $2.3M | Add +272.4% |
| VRTX Vertex Pharmaceuticals Inc. | 0.28% | 4,983 | $2.2M | Add +4.0% |
| UBER Uber Technologies Inc. | 0.27% | 30,501 | $2.2M | Add +0.5% |
| IJS iShares S&P Small-Cap 600 Va | 0.26% | 17,743 | $2.1M | Reduce -1.9% |
| INTU Intuit Inc. | 0.25% | 4,743 | $2.1M | Add +14.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.25% | 41,993 | $2.0M | Reduce -0.7% |
| VEA Vanguard Ftse Developed ETF | 0.25% | 31,908 | $2.0M | Reduce -5.8% |
| IAUM iShares Gold Trust Micro | 0.25% | 42,907 | $2.0M | Reduce -4.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.25% | 20,729 | $2.0M | Add +0.3% |
| PEP Pepsico Inc. | 0.24% | 12,502 | $1.9M | Reduce -0.1% |
| LLY Eli Lilly & Co. | 0.24% | 2,061 | $1.9M | Add +6.8% |
| COST Costco Wholesale Corp. | 0.23% | 1,896 | $1.9M | Add +14.5% |
| VOO Vanguard S&P 500 ETF | 0.23% | 3,050 | $1.8M | Add +19.8% |
| SCHC Schwab Intl Small-Cap Equity | 0.22% | 38,611 | $1.8M | Add +6.1% |
| QCOM Qualcomm Inc. | 0.22% | 14,012 | $1.8M | Reduce -2.0% |
| HBAN Huntington Bancshares Inc. | 0.22% | 113,448 | $1.8M | Add +1.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.22% | 5,460 | $1.8M | Add +7.5% |
| TSLA Tesla Inc. | 0.22% | 4,684 | $1.7M | Reduce -7.5% |
| DFAS Dimensional US Small Cap ETF | 0.22% | 24,477 | $1.7M | Reduce -5.0% |
| RJF Raymond James Financial Inc. | 0.21% | 11,814 | $1.7M | Add +0.8% |
| IJT iShares S&P Small-Cap 600 GR | 0.21% | 11,738 | $1.7M | Reduce -1.7% |
| FISV Fiserv Inc. | 0.21% | 29,913 | $1.7M | Reduce -3.0% |
| V Visa Inc. Class A | 0.17% | 4,571 | $1.4M | Reduce -14.7% |
| MTG Mgic Investment Corp. | 0.16% | 49,083 | $1.3M | Reduce -6.5% |
| ORCL Oracle Corp. | 0.15% | 8,482 | $1.2M | Add +4.7% |
| UNH Unitedhealth Group Inc. | 0.15% | 4,452 | $1.2M | Reduce -3.1% |
| TYL Tyler Technologies Inc. | 0.15% | 3,465 | $1.2M | Add +3.0% |
| MUA BlackRock Muniassets Fund | 0.15% | 110,634 | $1.2M | Add +9.7% |
| UAL United Airlines Holdings Inc. | 0.15% | 12,749 | $1.2M | Add +64.7% |
| MUB iShares National Muni Bond E | 0.14% | 10,758 | $1.1M | No change |
| SCHB Schwab US Broad Market ETF | 0.14% | 43,780 | $1.1M | Reduce -3.9% |
| OMC Omnicom Group | 0.12% | 13,320 | $1.0M | Add +17.5% |
| CVX Chevron Corp. | 0.12% | 4,731 | $979K | Reduce -3.8% |
| MCD McDonald's Corp. | 0.12% | 3,145 | $977K | Add +4.5% |
| CTRA Coterra Energy Inc. | 0.12% | 26,573 | $934K | Reduce -25.8% |
| UPS United Parcel Service Class B | 0.11% | 9,330 | $918K | Reduce -14.2% |
| SCHD Schwab US DVD Equity ETF | 0.11% | 28,990 | $889K | Reduce -2.8% |
| CERY SS SPDR BBG En RY CM St N-Ui | 0.11% | 24,463 | $862K | Reduce -0.1% |
| MRVL Marvell Technology Inc. | 0.11% | 8,666 | $858K | Add +49.2% |
| OLN Olin Corp. | 0.11% | 28,480 | $847K | Reduce -48.4% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.10% | 12,253 | $839K | Reduce -6.6% |
| XRNPX Cohen & Steers REIT and Pref | 0.10% | 42,350 | $837K | No change |
| XOM Exxon Mobil Corp. | 0.10% | 4,902 | $832K | Reduce -1.6% |
Options reported separately and not counted above: GOOG puts ($86K), TSLA calls ($74K), EEM calls ($28K), IBIT calls ($4K).
Portfolio Sells Q4 2025 → Q1 2026
| RSP Invesco S&P 500 Equal Weight | Reduce -26.3% | 4.00% | −1.67 |
| IWF iShares Russell 1000 Growth | Reduce -67.0% | 0.30% | −0.76 |
| GOOG Alphabet Inc. Class C | Reduce -6.7% | 2.35% | −0.53 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -25.1% | 1.59% | −0.46 |
| IVV iShares Core S&P 500 ETF | Reduce -7.1% | 1.93% | −0.35 |
| IWD iShares Russell 1000 Value E | Reduce -91.2% | 0.03% | −0.28 |
| BUG Global X Cybersecurity ETF | Sold out | 0.00% | −0.28 |
| QCOM Qualcomm Inc. | Reduce -2.0% | 0.22% | −0.09 |
| C Citigroup Inc. | Reduce -7.2% | 0.54% | −0.09 |
| TSLA Tesla Inc. | Reduce -7.5% | 0.22% | −0.08 |
| OI O-I Glass Inc. | Reduce -20.3% | 0.09% | −0.08 |
| V Visa Inc. Class A | Reduce -14.7% | 0.17% | −0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -8.2% | 0.35% | −0.07 |
| FISV Fiserv Inc. | Reduce -3.0% | 0.21% | −0.06 |
| CSGP Costar Group Inc. | Sold out | 0.00% | −0.05 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.05 |
| BAC Bank of America Corp. | Reduce -0.7% | 0.25% | −0.05 |
| UNH Unitedhealth Group Inc. | Reduce -3.1% | 0.15% | −0.05 |
| AMD Advanced Micro Devices | Reduce -36.2% | 0.07% | −0.05 |
| OLN Olin Corp. | Reduce -48.4% | 0.11% | −0.04 |
| MTG Mgic Investment Corp. | Reduce -6.5% | 0.16% | −0.04 |
| QQQM Invesco Nasdaq 100 ETF | Sold out | 0.00% | −0.04 |
| IWP iShares Russell Mid-Cap Grow | Reduce -18.4% | 0.10% | −0.04 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.04 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −0.04 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -20.9% | 0.09% | −0.03 |
| AXON Axon Enterprise Inc. | Reduce -11.3% | 0.06% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -59.4% | 0.03% | −0.03 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −0.03 |
| IVW iShares S&P 500 Growth ETF | Reduce -28.1% | 0.05% | −0.03 |
| DGRO iShares Core Dividend Growth | Sold out | 0.00% | −0.03 |
| GBTC Grayscale Bitcoin Trust ETF | Sold out | 0.00% | −0.03 |
| AXP American Express Co. | Sold out | 0.00% | −0.03 |
| ACN Accenture PLC Class A | Reduce -13.6% | 0.05% | −0.03 |
| ET Energy Transfer LP | Sold out | 0.00% | −0.03 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.03 |
| DEM Wisdomtree Emerging Markets | Sold out | 0.00% | −0.03 |
| ZBH Zimmer Biomet Holdings Inc. | Sold out | 0.00% | −0.03 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.03 |
| TXRH Texas Roadhouse Inc. | Sold out | 0.00% | −0.03 |
| SNY Sanofi-ADR | Sold out | 0.00% | −0.03 |
| MS Morgan Stanley | Sold out | 0.00% | −0.03 |
| ESGU iShares ESG Aware MSCI USA | Sold out | 0.00% | −0.03 |
| UPS United Parcel Service Class B | Reduce -14.2% | 0.11% | −0.03 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.02 |
| IUSG iShares Core S&P U.S. Growth | Reduce -20.4% | 0.06% | −0.02 |
| SCHG Schwab US Large-Cap Growth | Reduce -14.3% | 0.06% | −0.02 |
| HPE Hewlett Packard Enterprise | Reduce -0.2% | 0.40% | −0.02 |
| IVE iShares S&P 500 Value ETF | Reduce -38.9% | 0.03% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| CSSD C&S SD Pref & Inc. Active ETF | New | 1.77% | +1.77 |
| AGG iShares Core U.S. Aggregate | Add +20.7% | 11.29% | +1.44 |
| XC Wisdomtree True Emerging Mar | Add +5142.2% | 1.37% | +1.35 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +13.7% | 7.66% | +0.79 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +22.2% | 4.34% | +0.71 |
| SCHF Schwab Intl Equity ETF | Add +8.5% | 8.63% | +0.55 |
| GVI iShares Intermediate Governm | Add +22.8% | 3.80% | +0.54 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +12.2% | 3.30% | +0.31 |
| NFLX Netflix Inc. | Add +272.4% | 0.29% | +0.21 |
| PDBC Invesco Optimum Yield Divers | Add +1.5% | 0.63% | +0.13 |
| CAT Caterpillar Inc. | Add +2.7% | 0.68% | +0.12 |
| FCX Freeport-McMoran Inc. | Add +18.4% | 0.48% | +0.11 |
| JPST JPMorgan Ultra-Short Income | Add +17.7% | 0.99% | +0.11 |
| JNJ Johnson & Johnson | Add +4.8% | 0.57% | +0.09 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.08% | +0.08 |
| AZN Astrazeneca PLC | Add +15.6% | 0.41% | +0.06 |
| MLPX Global X MLP & Energy Infras | Add +3.0% | 0.34% | +0.06 |
| COST Costco Wholesale Corp. | Add +14.5% | 0.23% | +0.05 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | New | 0.05% | +0.05 |
| MRVL Marvell Technology Inc. | Add +49.2% | 0.11% | +0.04 |
| PANW Palo Alto Networks Inc. | New | 0.04% | +0.04 |
| BMY Bristol-Myers Squibb Co. | Add +6.0% | 0.31% | +0.04 |
| JCI Johnson Controls Internation | Add +3.6% | 0.50% | +0.04 |
| IWM iShares Russell 2000 ETF | New | 0.03% | +0.03 |
| UAL United Airlines Holdings Inc. | Add +64.7% | 0.15% | +0.03 |
| KEYS Keysight Technologies Inc. | New | 0.03% | +0.03 |
| GEV GE Vernova Inc. | New | 0.03% | +0.03 |
| RRX Regal Rexnord Corp. | New | 0.03% | +0.03 |
| HON Honeywell International Inc. | New | 0.03% | +0.03 |
| APA Apa Corp. | New | 0.03% | +0.03 |
| RTX RTX Corp. | New | 0.03% | +0.03 |
| INTC Intel Corp. | New | 0.03% | +0.03 |
| PNC PNC Financial Services Group | New | 0.03% | +0.03 |
| SHEL Shell PLC-ADR | New | 0.03% | +0.03 |
| VNQ Vanguard Real Estate ETF | New | 0.03% | +0.03 |
| COP Conocophillips | New | 0.03% | +0.03 |
| OSK Oshkosh Corp. | New | 0.03% | +0.03 |
| RIVN Rivian Automotive Inc. Class A | New | 0.02% | +0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +56.5% | 0.06% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +19.8% | 0.23% | +0.02 |
| WM Waste Management Inc. | Add +46.6% | 0.04% | +0.01 |
| CMI Cummins Inc. | Add +2.6% | 0.39% | +0.01 |
| GWW WW Grainger Inc. | Add +0.8% | 0.30% | +0.01 |
| SCHC Schwab Intl Small-Cap Equity | Add +6.1% | 0.22% | +0.01 |
| OMC Omnicom Group | Add +17.5% | 0.12% | +0.01 |
| MUA BlackRock Muniassets Fund | Add +9.7% | 0.15% | +0.01 |
| IDXX Idexx Laboratories Inc. | Add +38.5% | 0.04% | +0.00 |
| TEQI T Rowe Price Equity Income E | Add +16.5% | 0.04% | +0.00 |
| AMGN Amgen Inc. | Add +0.2% | 0.10% | +0.00 |
| JPRE JPMorgan Realty Income ETF | Add +2.2% | 0.55% | +0.00 |
Options Activity Q4 2025 → Q1 2026
| GOOG Alphabet Inc. Class C | put | Reduce -89.3% | 300 | $86K |
| TSLA Tesla Inc. | call | Reduce -50.0% | 200 | $74K |
| EEM iShares MSCI Emerging Market | call | New | 500 | $28K |
| IBIT iShares Bitcoin Trust ETF | call | New | 100 | $4K |
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 |