Rodgers & Associates, LTD

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 21, 2025), Rodgers & Associates, LTD reported 98 stock positions worth $839.2 million. Its top holding was Vanguard Mrngstr Val ETF-Aui (VTV) at 8.1% of the portfolio, followed by Vngrd Mrngst SL-CP Val ETF-U (VBR, 6.9%) and Vngrd Mrngstr MD-Cap Val ETF (VOE, 6.5%). Compared with Q3 2024, it opened 6 new positions, sold out of 3, added to 26 and reduced 47. The biggest buy was Vanguard S/T Corp. Bond ETF (VCSH, shares +22%) and the biggest sale Vanguard Mrngstr Val ETF-Aui (VTV, shares −1%).

Most Recent 13F
Q2 2026
Location
Lancaster, PA
CIK
0001846515
Portfolio Value
$839.2M (Q4 2024)
SEC Filing
0001172661-25-000271 ↗ filed Jan 21, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $778.8M Q1 2024 Q2 2024: $777.2M Q2 2024 Q3 2024: $838.1M Q3 2024 Q4 2024: $839.2M $839.2M Q4 2024 Q1 2025: $820.2M Q1 2025 Q2 2025: $910.3M Q2 2025 Q3 2025: $970.1M Q3 2025 Q4 2025: $987.6M Q4 2025 Q1 2026: $982.2M Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 98 stocks · $839.2M
VTV Vanguard Mrngstr Val ETF-Aui 8.06% 399,316 $67.6M Reduce -1.4%
VBR Vngrd Mrngst SL-CP Val ETF-U 6.94% 293,771 $58.2M Reduce -1.9%
VOE Vngrd Mrngstr MD-Cap Val ETF 6.54% 339,152 $54.9M Add +2.1%
IWP iShares Russell Mid-Cap Grow 6.32% 418,369 $53.0M Reduce -4.3%
IWF iShares Russell 1000 Growth 6.01% 125,669 $50.5M Reduce -2.4%
SPSB SS SPDR P St C Corp. ETF 5.59% 1,570,916 $46.9M Add +5.0%
SPYG SS SPDR P S&P 500 Growth ETF 4.91% 469,016 $41.2M Reduce -4.6%
SLYG SS SPDR S&P 600 SC GR ETF 4.16% 386,265 $34.9M Reduce -1.5%
VBK Van Morst SML-Cap Gro-Usd Inc. 4.01% 120,193 $33.7M Reduce -1.9%
SLYV SS SPDR S&P 600 SC Val ETF 3.11% 298,662 $26.1M Reduce -0.8%
SPYV SS SPDR P S&P 500 Value ETF 2.90% 475,300 $24.3M Reduce -2.0%
VOT Vngrd Mrngstr MC GRW ETF-Usd 2.74% 90,670 $23.0M Reduce -2.4%
IWS iShares Russell Mid-Cap Valu 2.49% 161,250 $20.9M Add +3.1%
VNQ Vanguard Real Estate ETF 2.11% 198,834 $17.7M Add +9.4%
IVW iShares S&P 500 Growth ETF 2.05% 169,549 $17.2M Reduce -5.0%
USRT iShares Core US REIT ETF 2.03% 297,275 $17.0M Add +24.5%
MDYV SS SPDR S&P 400 MC Val ETF 2.02% 211,287 $16.9M Add +0.8%
IMCG iShares Morningstar Mid-Cap 1.98% 219,476 $16.6M Reduce -0.2%
MDYG SS SPDR S&P 400 MC GR ETF 1.95% 188,324 $16.4M Reduce -1.7%
VCSH Vanguard S/T Corp. Bond ETF 1.87% 200,632 $15.7M Add +21.6%
VUG Vanguard Mrngstar GR ETF-Sui 1.71% 34,883 $14.3M Reduce -0.1%
VEA Vanguard Ftse Developed ETF 1.67% 293,536 $14.0M Add +6.4%
SPEM State Street SP PTF Em ETF 1.57% 343,027 $13.2M Reduce -1.5%
PRF Invesco Rafi US 1000 ETF 1.47% 305,208 $12.3M Reduce -4.0%
SPDW Ste STR SPDR PT DW Eu ETF 1.39% 341,784 $11.7M Add +9.4%
IJT iShares S&P Small-Cap 600 GR 1.08% 67,197 $9.1M Reduce -0.8%
IVE iShares S&P 500 Value ETF 1.07% 46,894 $9.0M Add +3.2%
IJK iShares S&P Mid-Cap 400 Grow 0.88% 81,668 $7.4M Add +2.2%
IEFA iShares Core MSCI Eafe ETF 0.79% 94,295 $6.6M Add +2.9%
IMCV iShares Morningstar Mid-Cap 0.76% 85,443 $6.3M Add +7.4%
VWO Vanguard Ftse Emerging Marke 0.70% 132,716 $5.8M Reduce -1.8%
IJS iShares S&P Small-Cap 600 Va 0.68% 52,480 $5.7M Add +0.1%
VONG Vanguard Russell 1000 Growth 0.62% 50,235 $5.2M Add +9.0%
IWO iShares Russell 2000 Growth 0.62% 17,939 $5.2M Reduce -0.4%
LOW Lowe's Cos Inc. 0.47% 15,946 $3.9M Reduce -1.8%
IYR iShares US Real Estate ETF 0.41% 36,806 $3.4M Add +9.7%
IEMG iShares Core MSCI Emerging 0.41% 65,078 $3.4M Reduce -1.1%
CZA Invesco Zacks Mid-Cap ETF 0.35% 28,135 $2.9M Reduce -4.6%
VTWV Vanguard Russell 2000 Value 0.29% 16,697 $2.4M Reduce -4.6%
RWL Invesco S&P 500 Revenue ETF 0.28% 23,927 $2.3M Reduce -2.3%
VTI VG Morningstar TS MKT ETF-US 0.27% 7,957 $2.3M Reduce -0.1%
DON Wisdomtree US Midcap Dividen 0.25% 40,713 $2.1M Reduce -4.2%
ISCV iShares Morningstar Small-Ca 0.25% 32,691 $2.1M Add +1.3%
PH Parker Hannifin Corp. 0.24% 3,115 $2.0M No change
EDIV State Street SPDR S&P Emergi 0.22% 52,413 $1.8M Add +2.9%
MSFT Microsoft Corp. 0.22% 4,366 $1.8M Reduce -0.7%
DGRO iShares Core Dividend Growth 0.21% 29,161 $1.8M Reduce -2.4%
ILCG iShares Morningstar Growth E 0.20% 19,161 $1.7M Reduce -0.8%
IJJ iShares S&P Mid-Cap 400 Valu 0.20% 13,639 $1.7M Add +16.9%
AAPL Apple Inc. 0.19% 6,491 $1.6M Reduce -0.8%
IVV iShares Core S&P 500 ETF 0.18% 2,598 $1.5M Reduce -1.4%
ISCG iShares Morningstar Small-Ca 0.18% 30,898 $1.5M Reduce -0.0%
NVDA Nvidia Corp. 0.18% 11,273 $1.5M Reduce -2.4%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.14% 4,300 $1.2M No change
ACGL Arch Capital Group Ltd. 0.11% 10,014 $925K No change
IWN iShares Russell 2000 Value E 0.10% 5,293 $869K No change
VB Vanguard Most SM-Cap ETF-Usd 0.10% 3,426 $823K No change
RPG Invesco S&P 500 Pure Growth 0.10% 19,579 $808K Reduce -7.0%
ITOT iShares Core S&P Total U.S. 0.09% 6,021 $774K Add +5.2%
IWD iShares Russell 1000 Value E 0.08% 3,763 $697K Add +0.2%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.08% 1,974 $678K No change
VOOG Vanguard S&P 500 Growth ETF 0.07% 1,651 $604K Reduce -6.7%
VIOV Vanguard S&P Small-Cap 600 V 0.07% 6,300 $588K Add +1.6%
SMMU PIMCO SHRT TRM Muni BND ETF 0.06% 10,539 $525K New
SDY SS SPDR S&P Dividend ETF 0.06% 3,907 $516K No change
ORRF Orrstown Finl Services Inc. 0.06% 13,333 $488K No change
VIOG Vanguard S&P SM Cap 600 GRW 0.06% 4,175 $486K Add +2.8%
COST Costco Wholesale Corp. 0.06% 522 $478K No change
VONV Vanguard Russell 1000 Value 0.05% 5,630 $457K Add +6.9%
IVOV Vanguard S&P Mid-Cap 400 Val 0.05% 4,506 $431K No change
JJSF J & J Snack Foods Corp. 0.05% 2,702 $419K No change
VOOV Vanguard S&P 500 Value ETF 0.05% 2,260 $417K Reduce -34.9%
IVOG Vanguard S&P Mid-Cap 400 Gro 0.05% 3,526 $397K Reduce -7.2%
IWY iShares Russell Top 200 Grow 0.05% 1,638 $385K Reduce -6.7%
VXF Vanguard Extended Market ETF 0.04% 1,888 $359K Reduce -10.9%
TQQQ Proshares Ultrapro QQQ 0.04% 4,202 $333K No change
TMO Thermo Fisher Scientific Inc. 0.04% 576 $300K Reduce -1.7%
AMZN Amazon.com Inc. 0.04% 1,352 $297K No change
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.03% 2,345 $293K Add +16.7%
BIDD iShares International Divide 0.03% 11,432 $282K New
PFM Invesco Dividend Achievers E 0.03% 5,894 $270K No change
DLN Wisdomtree US Largecap Divid 0.03% 3,360 $261K New
FITB Fifth Third Bancorp 0.03% 6,048 $256K No change
ADP Automatic Data Processing 0.03% 806 $236K No change
VYM Vanguard High DVD Yield ETF 0.03% 1,796 $229K Reduce -2.3%
MLM Martin Marietta Materials 0.03% 434 $224K No change
ONEY SS SPDR R1000 Yield Foc ETF 0.03% 2,041 $222K Reduce -13.6%
SO The Southern Co. 0.03% 2,683 $221K Add +0.9%
PG The Procter & Gamble Co. 0.03% 1,301 $218K Reduce -5.0%
ACWI iShares MSCI Acwi ETF 0.03% 1,839 $216K No change
T AT&T Inc. 0.03% 9,248 $211K Reduce -11.6%
MA Mastercard Inc. Class A 0.03% 398 $210K New
TSLA Tesla Inc. 0.02% 514 $208K New
VOO Vanguard S&P 500 ETF 0.02% 379 $204K Reduce -43.4%
JPM JPMorgan Chase & Co. 0.02% 848 $203K New
SCHG Schwab US Large-Cap Growth 0.02% 7,280 $203K Reduce -16.1%
IJH iShares Core S&P Midcap ETF 0.02% 3,230 $201K No change
VLY Valley National Bancorp 0.02% 20,000 $181K Reduce -9.1%

Portfolio Sells Q3 2024 → Q4 2024
VTV Vanguard Mrngstr Val ETF-Aui Reduce -1.4% 8.06% −0.38
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -1.9% 6.94% −0.23
SLYG SS SPDR S&P 600 SC GR ETF Reduce -1.5% 4.16% −0.20
SPYV SS SPDR P S&P 500 Value ETF Reduce -2.0% 2.90% −0.16
SPEM State Street SP PTF Em ETF Reduce -1.5% 1.57% −0.15
ARKK ARK Innovation ETF Sold out 0.00% −0.08
VWO Vanguard Ftse Emerging Marke Reduce -1.8% 0.70% −0.07
PRF Invesco Rafi US 1000 ETF Reduce -4.0% 1.47% −0.07
LOW Lowe's Cos Inc. Reduce -1.8% 0.47% −0.06
MDYG SS SPDR S&P 400 MC GR ETF Reduce -1.7% 1.95% −0.06
IEMG iShares Core MSCI Emerging Reduce -1.1% 0.41% −0.05
IJT iShares S&P Small-Cap 600 GR Reduce -0.8% 1.08% −0.04
CZA Invesco Zacks Mid-Cap ETF Reduce -4.6% 0.35% −0.03
BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −0.03
VOOV Vanguard S&P 500 Value ETF Reduce -34.9% 0.05% −0.03
EFA iShares MSCI Eafe ETF Sold out 0.00% −0.03
VTWV Vanguard Russell 2000 Value Reduce -4.6% 0.29% −0.02
VOO Vanguard S&P 500 ETF Reduce -43.4% 0.02% −0.02
SLYV SS SPDR S&P 600 SC Val ETF Reduce -0.8% 3.11% −0.01
DON Wisdomtree US Midcap Dividen Reduce -4.2% 0.25% −0.01
DGRO iShares Core Dividend Growth Reduce -2.4% 0.21% −0.01
TMO Thermo Fisher Scientific Inc. Reduce -1.7% 0.04% −0.01
RWL Invesco S&P 500 Revenue ETF Reduce -2.3% 0.28% −0.01
MSFT Microsoft Corp. Reduce -0.7% 0.22% −0.01
ONEY SS SPDR R1000 Yield Foc ETF Reduce -13.6% 0.03% −0.01
IVOG Vanguard S&P Mid-Cap 400 Gro Reduce -7.2% 0.05% −0.00
VXF Vanguard Extended Market ETF Reduce -10.9% 0.04% −0.00
SCHG Schwab US Large-Cap Growth Reduce -16.1% 0.02% −0.00
T AT&T Inc. Reduce -11.6% 0.03% −0.00
RPG Invesco S&P 500 Pure Growth Reduce -7.0% 0.10% −0.00
PG The Procter & Gamble Co. Reduce -5.0% 0.03% −0.00
VLY Valley National Bancorp Reduce -9.1% 0.02% −0.00
VOOG Vanguard S&P 500 Growth ETF Reduce -6.7% 0.07% −0.00
VYM Vanguard High DVD Yield ETF Reduce -2.3% 0.03% −0.00
IWY iShares Russell Top 200 Grow Reduce -6.7% 0.05% −0.00
IVV iShares Core S&P 500 ETF Reduce -1.4% 0.18% +0.00
ISCG iShares Morningstar Small-Ca Reduce -0.0% 0.18% +0.00
IWO iShares Russell 2000 Growth Reduce -0.4% 0.62% +0.00
VTI VG Morningstar TS MKT ETF-US Reduce -0.1% 0.27% +0.01
ILCG iShares Morningstar Growth E Reduce -0.8% 0.20% +0.01
AAPL Apple Inc. Reduce -0.8% 0.19% +0.01
IVW iShares S&P 500 Growth ETF Reduce -5.0% 2.05% +0.01
NVDA Nvidia Corp. Reduce -2.4% 0.18% +0.01
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -2.4% 2.74% +0.04
SPYG SS SPDR P S&P 500 Growth ETF Reduce -4.6% 4.91% +0.05
IMCG iShares Morningstar Mid-Cap Reduce -0.2% 1.98% +0.06
VBK Van Morst SML-Cap Gro-Usd Inc. Reduce -1.9% 4.01% +0.10
VUG Vanguard Mrngstar GR ETF-Sui Reduce -0.1% 1.71% +0.11
IWP iShares Russell Mid-Cap Grow Reduce -4.3% 6.32% +0.20
IWF iShares Russell 1000 Growth Reduce -2.4% 6.01% +0.25

Portfolio Buys Q3 2024 → Q4 2024
VCSH Vanguard S/T Corp. Bond ETF Add +21.6% 1.87% +0.30
USRT iShares Core US REIT ETF Add +24.5% 2.03% +0.28
SPSB SS SPDR P St C Corp. ETF Add +5.0% 5.59% +0.18
VONG Vanguard Russell 1000 Growth Add +9.0% 0.62% +0.09
SMMU PIMCO SHRT TRM Muni BND ETF New 0.06% +0.06
BIDD iShares International Divide New 0.03% +0.03
MDYV SS SPDR S&P 400 MC Val ETF Add +0.8% 2.02% +0.03
IJJ iShares S&P Mid-Cap 400 Valu Add +16.9% 0.20% +0.03
DLN Wisdomtree US Largecap Divid New 0.03% +0.03
IMCV iShares Morningstar Mid-Cap Add +7.4% 0.76% +0.03
MA Mastercard Inc. Class A New 0.03% +0.03
TSLA Tesla Inc. New 0.02% +0.02
JPM JPMorgan Chase & Co. New 0.02% +0.02
IWS iShares Russell Mid-Cap Valu Add +3.1% 2.49% +0.02
IJK iShares S&P Mid-Cap 400 Grow Add +2.2% 0.88% +0.01
ITOT iShares Core S&P Total U.S. Add +5.2% 0.09% +0.01
IJS iShares S&P Small-Cap 600 Va Add +0.1% 0.68% +0.01
MGV Vngrd Mrgstr MG CP VL ETF-Ui Add +16.7% 0.03% +0.00
ISCV iShares Morningstar Small-Ca Add +1.3% 0.25% +0.00
VONV Vanguard Russell 1000 Value Add +6.9% 0.05% +0.00
VIOV Vanguard S&P Small-Cap 600 V Add +1.6% 0.07% +0.00
IYR iShares US Real Estate ETF Add +9.7% 0.41% +0.00
VIOG Vanguard S&P SM Cap 600 GRW Add +2.8% 0.06% −0.00
VNQ Vanguard Real Estate ETF Add +9.4% 2.11% −0.00
IWD iShares Russell 1000 Value E Add +0.2% 0.08% −0.00
SO The Southern Co. Add +0.9% 0.03% −0.00
IVE iShares S&P 500 Value ETF Add +3.2% 1.07% −0.00
EDIV State Street SPDR S&P Emergi Add +2.9% 0.22% −0.01
SPDW Ste STR SPDR PT DW Eu ETF Add +9.4% 1.39% −0.01
IEFA iShares Core MSCI Eafe ETF Add +2.9% 0.79% −0.06
VEA Vanguard Ftse Developed ETF Add +6.4% 1.67% −0.07
VOE Vngrd Mrngstr MD-Cap Val ETF Add +2.1% 6.54% −0.11

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 108$1.1BVTV, VBR, VOE, IWP, IWF
Q1 2026 101$982.2MVTV, VOE, VBR, IWP, IWF
Q4 2025 107$987.6MVTV, VBR, VOE, IWF, IWP
Q3 2025 105$970.1MVTV, VBR, VOE, IWF, IWP
Q2 2025 103$910.3MVTV, VBR, VOE, IWP, IWF
Q1 2025 97$820.2MVTV, VBR, VOE, IWP, SPSB
Q4 2024 98$839.2MVTV, VBR, VOE, IWP, IWF
Q3 2024 95$838.1MVTV, VBR, VOE, IWP, IWF
Q2 2024 92$777.2MVTV, VBR, VOE, IWF, IWP
Q1 2024 91$778.8MVTV, VBR, IWP, VOE, IWF