Pennsylvania Capital Management Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 27, 2025), Pennsylvania Capital Management Inc. reported 98 stock positions worth $290.5 million. Its top holding was Apple (AAPL) at 14.2% of the portfolio, followed by Microsoft (MSFT, 12.8%) and iShares Core S&P 500 ETF (IVV, 8.9%). Compared with Q3 2024, it opened 7 new positions, sold out of 5, added to 47 and reduced 30. The biggest buy was a new position in T Rowe Price Floating RT ETF (TFLR) and the biggest sale an exit from JPMorgan Core Plus Bond ETF (JCPB).
- Most Recent 13F
- Q2 2026
- Location
- HUNTINGDON VALLEY, PA
- CIK
- 0001004140
- Portfolio Value
- $290.5M (Q4 2024)
- SEC Filing
- 0001004140-25-000001 ↗ filed Jan 27, 2025
Holdings Value
Holdings 98 stocks · $290.5M
| AAPL Apple Inc. | 14.23% | 165,099 | $41.3M | Reduce -0.0% |
| MSFT Microsoft Corp. | 12.81% | 88,302 | $37.2M | Reduce -0.1% |
| IVV iShares Core S&P 500 ETF | 8.94% | 44,127 | $26.0M | Add +7.3% |
| AMZN Amazon.com Inc. | 8.75% | 115,833 | $25.4M | Reduce -1.0% |
| JPIE JPMorgan Income ETF | 6.16% | 392,391 | $17.9M | Add +4.3% |
| NVDA Nvidia Corp. | 4.90% | 105,928 | $14.2M | Reduce -3.9% |
| TFLR T Rowe Price Floating RT ETF | 2.91% | 163,449 | $8.4M | New |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 2.57% | 224,527 | $7.5M | Reduce -1.6% |
| IJH iShares Core S&P Midcap ETF | 2.51% | 116,998 | $7.3M | Add +6.5% |
| SCHD Schwab US DVD Equity ETF | 2.10% | 223,290 | $6.1M | Reduce -8.1% |
| HELO JPMorgan Hedged Equity ETF | 2.03% | 95,233 | $5.9M | Add +321.8% |
| GOOGL Alphabet Inc. Class A | 1.90% | 29,204 | $5.5M | Reduce -2.1% |
| SMH Vaneck Semiconductor ETF | 1.83% | 21,905 | $5.3M | Reduce -13.8% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 1.52% | 186,223 | $4.4M | Add +16.9% |
| VMC Vulcan Materials Co. | 1.44% | 16,280 | $4.2M | Reduce -3.0% |
| BINC iShares Flex I A ETF-Usd Inc. | 1.43% | 79,662 | $4.1M | Add +179.1% |
| XLY SS Consumer Disc Select Sect | 1.18% | 15,327 | $3.4M | No change |
| LLY Eli Lilly & Co. | 1.13% | 4,246 | $3.3M | Add +0.6% |
| IJR iShares Core S&P Small-Cap E | 1.13% | 28,382 | $3.3M | Add +17.0% |
| DSI iShares ESG MSCI KLD 400 ETF | 1.02% | 26,816 | $3.0M | Add +4.1% |
| SOXX iShares Semiconductor ETF | 0.89% | 11,999 | $2.6M | Reduce -0.5% |
| VYM Vanguard High DVD Yield ETF | 0.71% | 16,258 | $2.1M | No change |
| JPST JPMorgan Ultra-Short Income | 0.68% | 39,279 | $2.0M | Add +163.2% |
| CZNC Citizens & Northern Corp. | 0.67% | 104,019 | $1.9M | Reduce -2.4% |
| GOOG Alphabet Inc. Class C | 0.63% | 9,679 | $1.8M | Reduce -3.7% |
| JEPI JPMorgan Equity Premium Inco | 0.59% | 29,824 | $1.7M | Reduce -68.0% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.57% | 32,913 | $1.7M | Add +153.4% |
| SCHX Schwab US Large-Cap ETF | 0.56% | 69,766 | $1.6M | Add +6.3% |
| CNC Centene Corp. | 0.53% | 25,276 | $1.5M | Reduce -2.8% |
| BX Blackstone Inc. | 0.52% | 8,729 | $1.5M | Add +0.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.52% | 3,308 | $1.5M | Add +0.5% |
| EPD Enterprise Products Partners | 0.49% | 45,841 | $1.4M | Add +1.8% |
| VOX Vanguard Communication Servi | 0.39% | 7,384 | $1.1M | No change |
| ADI Analog Devices Inc. | 0.38% | 5,223 | $1.1M | Add +0.3% |
| MS Morgan Stanley | 0.38% | 8,818 | $1.1M | Add +0.3% |
| UNH Unitedhealth Group Inc. | 0.37% | 2,139 | $1.1M | Reduce -0.7% |
| ERIE Erie Indemnity Company Class A | 0.36% | 2,550 | $1.1M | No change |
| META Meta Platforms Inc. Class A | 0.36% | 1,765 | $1.0M | Add +5.8% |
| NEE Nextera Energy Inc. | 0.31% | 12,659 | $907K | Add +12.2% |
| TSLA Tesla Inc. | 0.31% | 2,233 | $902K | New |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.31% | 3,110 | $901K | New |
| RTX RTX Corp. | 0.31% | 7,747 | $896K | Add +0.3% |
| SCHM Schwab US Mid Cap ETF | 0.30% | 31,817 | $882K | Add +8.9% |
| AMP Ameriprise Financial Inc. | 0.29% | 1,610 | $857K | Add +0.2% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.29% | 2,455 | $843K | Add +27.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.28% | 1,403 | $822K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.25% | 2,537 | $735K | Reduce -0.8% |
| XOM Exxon Mobil Corp. | 0.24% | 6,578 | $708K | Add +17.1% |
| ADP Automatic Data Processing | 0.24% | 2,380 | $697K | Add +0.7% |
| PFF iShares Preferred & Income S | 0.24% | 21,915 | $689K | No change |
| JMUB JPMorgan Municipal ETF | 0.24% | 13,703 | $687K | Reduce -25.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.23% | 1,323 | $676K | Add +1.0% |
| IBIT iShares Bitcoin Trust ETF | 0.22% | 12,102 | $642K | New |
| JNJ Johnson & Johnson | 0.21% | 4,180 | $605K | Reduce -1.0% |
| TXN Texas Instruments Inc. | 0.21% | 3,222 | $604K | Add +0.8% |
| DFS Discover Financial Services | 0.20% | 3,431 | $594K | Add +0.2% |
| SCHG Schwab US Large-Cap Growth | 0.20% | 21,272 | $593K | Reduce -1.7% |
| CMG Chipotle Mexican Grill Inc. | 0.20% | 9,820 | $592K | Add +0.5% |
| COST Costco Wholesale Corp. | 0.19% | 599 | $549K | Reduce -16.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.19% | 5,969 | $546K | Reduce -24.3% |
| FLBL Franklin Senior Loan ETF | 0.18% | 21,807 | $529K | Reduce -26.7% |
| LNG Cheniere Energy Inc. | 0.18% | 2,414 | $519K | Add +0.3% |
| MRK Merck & Co. Inc. | 0.18% | 5,183 | $516K | Reduce -10.1% |
| LPLA LPL Financial Holdings Inc. | 0.18% | 1,575 | $514K | No change |
| SYF Synchrony Financial | 0.17% | 7,499 | $487K | Add +0.1% |
| JPM JPMorgan Chase & Co. | 0.16% | 1,938 | $465K | Add +24.6% |
| TMO Thermo Fisher Scientific Inc. | 0.16% | 891 | $464K | Reduce -0.3% |
| IWB iShares Russell 1000 ETF | 0.16% | 1,418 | $457K | No change |
| AVGO Broadcom Inc. | 0.16% | 1,953 | $453K | New |
| QCOM Qualcomm Inc. | 0.15% | 2,909 | $447K | Add +50.0% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.15% | 14,419 | $428K | Add +8.9% |
| VOO Vanguard S&P 500 ETF | 0.15% | 789 | $425K | No change |
| FULT Fulton Financial Corp. | 0.15% | 21,900 | $422K | No change |
| SCHA Schwab US Small-Cap ETF | 0.14% | 15,834 | $409K | Add +4.8% |
| CEG Constellation Energy | 0.13% | 1,649 | $369K | Add +0.6% |
| FTNT Fortinet Inc. | 0.13% | 3,854 | $364K | Reduce -27.2% |
| VIG Vanguard Dividend Apprec ETF | 0.13% | 1,854 | $363K | Add +1.0% |
| XLE SS Energy Select Sector | 0.12% | 4,139 | $355K | Add +16.1% |
| GD General Dynamics Corp. | 0.12% | 1,324 | $349K | Reduce -7.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.11% | 7,393 | $325K | Add +2.0% |
| ORCL Oracle Corp. | 0.10% | 1,781 | $297K | Add +2.7% |
| ADBE Adobe Inc. | 0.10% | 646 | $287K | Add +1.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.10% | 1,087 | $287K | Add +22.8% |
| COF Capital One Financial Corp. | 0.10% | 1,582 | $282K | Reduce -17.4% |
| CLOU Global X Cloud Computing ETF | 0.09% | 10,646 | $255K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.09% | 609 | $250K | Reduce -1.6% |
| HYMB SS SPDR N Ice HY Muni ETF | 0.08% | 9,475 | $242K | No change |
| CW Curtiss-Wright Corp. | 0.08% | 671 | $238K | Add +0.3% |
| HYDB iShares High Yield Systemati | 0.08% | 4,956 | $233K | Add +2.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.08% | 911 | $219K | Reduce -36.3% |
| PEP Pepsico Inc. | 0.07% | 1,415 | $215K | Add +2.2% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.07% | 3,703 | $209K | Reduce -19.5% |
| SPHQ Invesco S&P 500 Quality ETF | 0.07% | 3,073 | $206K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.07% | 926 | $204K | New |
| PEG Public Service Enterprise GP | 0.07% | 2,410 | $204K | Add +1.7% |
| EXC Exelon Corp. | 0.07% | 5,388 | $203K | Add +0.6% |
| IVE iShares S&P 500 Value ETF | 0.07% | 1,060 | $202K | No change |
| PANW Palo Alto Networks Inc. | 0.07% | 1,101 | $200K | New |
Other holdings (2): bonds, preferreds, convertibles and warrants · $1.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 660 | $788K | No change |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 220 | $268K | No change |
Total filed on the 13F, all lines: $291.6M.
Portfolio Sells Q3 2024 → Q4 2024
| JCPB JPMorgan Core Plus Bond ETF | Sold out | 0.00% | −3.98 |
| JEPI JPMorgan Equity Premium Inco | Reduce -68.0% | 0.59% | −1.41 |
| MSFT Microsoft Corp. | Reduce -0.1% | 12.81% | −0.91 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -1.6% | 2.57% | −0.51 |
| SMH Vaneck Semiconductor ETF | Reduce -13.8% | 1.83% | −0.42 |
| SCHD Schwab US DVD Equity ETF | Reduce -8.1% | 2.10% | −0.37 |
| CNC Centene Corp. | Reduce -2.8% | 0.53% | −0.18 |
| SOXX iShares Semiconductor ETF | Reduce -0.5% | 0.89% | −0.11 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.10 |
| JMUB JPMorgan Municipal ETF | Reduce -25.1% | 0.24% | −0.10 |
| AVY Avery Dennison Corp. | Sold out | 0.00% | −0.10 |
| CZNC Citizens & Northern Corp. | Reduce -2.4% | 0.67% | −0.09 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.09 |
| UNH Unitedhealth Group Inc. | Reduce -0.7% | 0.37% | −0.08 |
| FLBL Franklin Senior Loan ETF | Reduce -26.7% | 0.18% | −0.08 |
| VMC Vulcan Materials Co. | Reduce -3.0% | 1.44% | −0.07 |
| DGRO iShares Core Dividend Growth | Sold out | 0.00% | −0.07 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -24.3% | 0.19% | −0.07 |
| MRK Merck & Co. Inc. | Reduce -10.1% | 0.18% | −0.06 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -36.3% | 0.08% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -16.6% | 0.19% | −0.04 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.3% | 0.16% | −0.04 |
| JNJ Johnson & Johnson | Reduce -1.0% | 0.21% | −0.04 |
| GD General Dynamics Corp. | Reduce -7.3% | 0.12% | −0.04 |
| FTNT Fortinet Inc. | Reduce -27.2% | 0.13% | −0.02 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -19.5% | 0.07% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.8% | 0.25% | −0.01 |
| COF Capital One Financial Corp. | Reduce -17.4% | 0.10% | −0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -1.6% | 0.09% | +0.00 |
| SCHG Schwab US Large-Cap Growth | Reduce -1.7% | 0.20% | +0.00 |
| GOOG Alphabet Inc. Class C | Reduce -3.7% | 0.63% | +0.03 |
| NVDA Nvidia Corp. | Reduce -3.9% | 4.90% | +0.07 |
| GOOGL Alphabet Inc. Class A | Reduce -2.1% | 1.90% | +0.12 |
| AAPL Apple Inc. | Reduce -0.0% | 14.23% | +0.35 |
| AMZN Amazon.com Inc. | Reduce -1.0% | 8.75% | +0.88 |
Portfolio Buys Q3 2024 → Q4 2024
| TFLR T Rowe Price Floating RT ETF | New | 2.91% | +2.91 |
| HELO JPMorgan Hedged Equity ETF | Add +321.8% | 2.03% | +1.54 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +179.1% | 1.43% | +0.88 |
| JPST JPMorgan Ultra-Short Income | Add +163.2% | 0.68% | +0.41 |
| IVV iShares Core S&P 500 ETF | Add +7.3% | 8.94% | +0.39 |
| JMST JPM Ultra-Short Muni Income | Add +153.4% | 0.57% | +0.34 |
| TSLA Tesla Inc. | New | 0.31% | +0.31 |
| MSTR Strategy Inc. | New | 0.31% | +0.31 |
| IBIT iShares Bitcoin Trust ETF | New | 0.22% | +0.22 |
| AVGO Broadcom Inc. | New | 0.16% | +0.16 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +16.9% | 1.52% | +0.14 |
| IJR iShares Core S&P Small-Cap E | Add +17.0% | 1.13% | +0.10 |
| IBM Intl Business Machines Corp. | New | 0.07% | +0.07 |
| PANW Palo Alto Networks Inc. | New | 0.07% | +0.07 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +27.5% | 0.29% | +0.07 |
| MS Morgan Stanley | Add +0.3% | 0.38% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +24.6% | 0.16% | +0.04 |
| IJH iShares Core S&P Midcap ETF | Add +6.5% | 2.51% | +0.04 |
| BX Blackstone Inc. | Add +0.2% | 0.52% | +0.04 |
| QCOM Qualcomm Inc. | Add +50.0% | 0.15% | +0.03 |
| SYF Synchrony Financial | Add +0.1% | 0.17% | +0.03 |
| DFS Discover Financial Services | Add +0.2% | 0.20% | +0.03 |
| AMP Ameriprise Financial Inc. | Add +0.2% | 0.29% | +0.02 |
| LNG Cheniere Energy Inc. | Add +0.3% | 0.18% | +0.02 |
| EPD Enterprise Products Partners | Add +1.8% | 0.49% | +0.02 |
| SCHX Schwab US Large-Cap ETF | Add +6.3% | 0.56% | +0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +22.8% | 0.10% | +0.01 |
| SCHM Schwab US Mid Cap ETF | Add +8.9% | 0.30% | +0.01 |
| META Meta Platforms Inc. Class A | Add +5.8% | 0.36% | +0.01 |
| XLE SS Energy Select Sector | Add +16.1% | 0.12% | +0.01 |
| BAC Bank of America Corp. | Add +2.0% | 0.11% | +0.01 |
| DSI iShares ESG MSCI KLD 400 ETF | Add +4.1% | 1.02% | +0.01 |
| XOM Exxon Mobil Corp. | Add +17.1% | 0.24% | +0.01 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +8.9% | 0.15% | +0.01 |
| ADP Automatic Data Processing | Add +0.7% | 0.24% | +0.00 |
| CW Curtiss-Wright Corp. | Add +0.3% | 0.08% | +0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.0% | 0.23% | +0.00 |
| CMG Chipotle Mexican Grill Inc. | Add +0.5% | 0.20% | +0.00 |
| SCHA Schwab US Small-Cap ETF | Add +4.8% | 0.14% | +0.00 |
| HYDB iShares High Yield Systemati | Add +2.0% | 0.08% | −0.00 |
| ORCL Oracle Corp. | Add +2.7% | 0.10% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Add +1.0% | 0.13% | −0.01 |
| PEG Public Service Enterprise GP | Add +1.7% | 0.07% | −0.01 |
| EXC Exelon Corp. | Add +0.6% | 0.07% | −0.01 |
| PEP Pepsico Inc. | Add +2.2% | 0.07% | −0.01 |
| ADBE Adobe Inc. | Add +1.6% | 0.10% | −0.02 |
| CEG Constellation Energy | Add +0.6% | 0.13% | −0.03 |
| RTX RTX Corp. | Add +0.3% | 0.31% | −0.03 |
| TXN Texas Instruments Inc. | Add +0.8% | 0.21% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.5% | 0.52% | −0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 121 | $393.8M | AAPL, IVV, MSFT, FNDX, JPIE |
| Q1 2026 | 110 | $348.5M | AAPL, IVV, MSFT, JPIE, FNDX |
| Q4 2025 | 111 | $364.3M | AAPL, MSFT, IVV, JPIE, AMZN |
| Q3 2025 | 106 | $342.6M | MSFT, AAPL, IVV, JPIE, AMZN |
| Q2 2025 | 105 | $311.7M | MSFT, AAPL, IVV, AMZN, JPIE |
| Q1 2025 | 97 | $271.3M | AAPL, MSFT, IVV, AMZN, JPIE |
| Q4 2024 | 98 | $290.5M | AAPL, MSFT, IVV, AMZN, JPIE |
| Q3 2024 | 96 | $277.3M | AAPL, MSFT, IVV, AMZN, JPIE |
| Q2 2024 | 85 | $258.7M | MSFT, AAPL, AMZN, IVV, JPIE |
| Q1 2024 | 83 | $241.6M | MSFT, AAPL, AMZN, IVV, JPIE |