Rodgers & Associates, LTD

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 22, 2025), Rodgers & Associates, LTD reported 97 stock positions worth $820.2 million. Its top holding was Vanguard Mrngstr Val ETF-Aui (VTV) at 8.4% of the portfolio, followed by Vngrd Mrngst SL-CP Val ETF-U (VBR, 6.9%) and Vngrd Mrngstr MD-Cap Val ETF (VOE, 6.7%). Compared with Q4 2024, it opened 4 new positions, sold out of 5, added to 51 and reduced 29. The biggest buy was SS SPDR P St C Corp. ETF (SPSB, shares +2%) and the biggest sale iShares Russell 1000 Growth (IWF, shares −1%).

Most Recent 13F
Q2 2026
Location
Lancaster, PA
CIK
0001846515
Portfolio Value
$820.2M (Q1 2025)
SEC Filing
0001172661-25-001534 ↗ filed Apr 22, 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 Q4 2024 Q1 2025: $820.2M $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 97 stocks · $820.2M
VTV Vanguard Mrngstr Val ETF-Aui 8.39% 398,514 $68.8M Reduce -0.2%
VBR Vngrd Mrngst SL-CP Val ETF-U 6.88% 303,094 $56.5M Add +3.2%
VOE Vngrd Mrngstr MD-Cap Val ETF 6.65% 339,959 $54.6M Add +0.2%
IWP iShares Russell Mid-Cap Grow 6.02% 420,417 $49.4M Add +0.5%
SPSB SS SPDR P St C Corp. ETF 5.86% 1,597,316 $48.1M Add +1.7%
IWF iShares Russell 1000 Growth 5.48% 124,469 $44.9M Reduce -0.9%
SPYG SS SPDR P S&P 500 Growth ETF 4.53% 462,277 $37.2M Reduce -1.4%
SLYG SS SPDR S&P 600 SC GR ETF 4.02% 397,598 $33.0M Add +2.9%
VBK Van Morst SML-Cap Gro-Usd Inc. 3.85% 125,433 $31.6M Add +4.4%
SPYV SS SPDR P S&P 500 Value ETF 3.01% 483,958 $24.7M Add +1.8%
SLYV SS SPDR S&P 600 SC Val ETF 2.93% 306,111 $24.0M Add +2.5%
VOT Vngrd Mrngstr MC GRW ETF-Usd 2.72% 91,347 $22.3M Add +0.8%
IWS iShares Russell Mid-Cap Valu 2.57% 167,407 $21.1M Add +3.8%
VNQ Vanguard Real Estate ETF 2.33% 211,029 $19.1M Add +6.1%
USRT iShares Core US REIT ETF 2.27% 323,477 $18.6M Add +8.8%
VCSH Vanguard S/T Corp. Bond ETF 2.12% 220,658 $17.4M Add +10.0%
MDYV SS SPDR S&P 400 MC Val ETF 2.03% 216,093 $16.6M Add +2.3%
IMCG iShares Morningstar Mid-Cap 1.95% 223,421 $16.0M Add +1.8%
VEA Vanguard Ftse Developed ETF 1.92% 310,058 $15.8M Add +5.6%
MDYG SS SPDR S&P 400 MC GR ETF 1.89% 194,782 $15.5M Add +3.4%
IVW iShares S&P 500 Growth ETF 1.86% 164,395 $15.3M Reduce -3.0%
SPEM State Street SP PTF Em ETF 1.66% 346,672 $13.6M Add +1.1%
SPDW Ste STR SPDR PT DW Eu ETF 1.61% 363,572 $13.2M Add +6.4%
VUG Vanguard Mrngstar GR ETF-Sui 1.60% 35,476 $13.2M Add +1.7%
PRF Invesco Rafi US 1000 ETF 1.50% 305,281 $12.3M Add +0.0%
IVE iShares S&P 500 Value ETF 1.14% 48,941 $9.3M Add +4.4%
IJT iShares S&P Small-Cap 600 GR 1.05% 69,170 $8.6M Add +2.9%
IEFA iShares Core MSCI Eafe ETF 0.88% 94,947 $7.2M Add +0.7%
IJK iShares S&P Mid-Cap 400 Grow 0.85% 84,103 $7.0M Add +3.0%
IMCV iShares Morningstar Mid-Cap 0.85% 94,180 $7.0M Add +10.2%
VWO Vanguard Ftse Emerging Marke 0.73% 132,829 $6.0M Add +0.1%
IJS iShares S&P Small-Cap 600 Va 0.63% 52,868 $5.2M Add +0.7%
VONG Vanguard Russell 1000 Growth 0.62% 54,429 $5.1M Add +8.3%
IWO iShares Russell 2000 Growth 0.56% 18,041 $4.6M Add +0.6%
IYR iShares US Real Estate ETF 0.45% 38,228 $3.7M Add +3.9%
IEMG iShares Core MSCI Emerging 0.44% 66,400 $3.6M Add +2.0%
LOW Lowe's Cos Inc. 0.44% 15,302 $3.6M Reduce -4.0%
CZA Invesco Zacks Mid-Cap ETF 0.33% 26,356 $2.7M Reduce -6.3%
RWL Invesco S&P 500 Revenue ETF 0.28% 22,899 $2.3M Reduce -4.3%
VTWV Vanguard Russell 2000 Value 0.27% 16,647 $2.2M Reduce -0.3%
VTI VG Morningstar TS MKT ETF-US 0.25% 7,569 $2.1M Reduce -4.9%
DON Wisdomtree US Midcap Dividen 0.24% 40,287 $2.0M Reduce -1.1%
EDIV State Street SPDR S&P Emergi 0.23% 53,976 $1.9M Add +3.0%
PH Parker Hannifin Corp. 0.23% 3,115 $1.9M No change
ISCV iShares Morningstar Small-Ca 0.23% 31,690 $1.9M Reduce -3.1%
DGRO iShares Core Dividend Growth 0.22% 28,841 $1.8M Reduce -1.1%
IJJ iShares S&P Mid-Cap 400 Valu 0.20% 13,768 $1.6M Add +0.9%
MSFT Microsoft Corp. 0.19% 4,126 $1.5M Reduce -5.5%
IVV iShares Core S&P 500 ETF 0.18% 2,591 $1.5M Reduce -0.3%
ILCG iShares Morningstar Growth E 0.18% 17,956 $1.5M Reduce -6.3%
AAPL Apple Inc. 0.17% 6,414 $1.4M Reduce -1.2%
ISCG iShares Morningstar Small-Ca 0.17% 31,288 $1.4M Add +1.3%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.13% 4,237 $1.1M Reduce -1.5%
ACGL Arch Capital Group Ltd. 0.13% 11,196 $1.1M Add +11.8%
NVDA Nvidia Corp. 0.13% 9,614 $1.0M Reduce -14.7%
IWN iShares Russell 2000 Value E 0.10% 5,588 $844K Add +5.6%
ITOT iShares Core S&P Total U.S. 0.10% 6,770 $826K Add +12.4%
VB Vanguard Most SM-Cap ETF-Usd 0.09% 3,426 $760K No change
IWD iShares Russell 1000 Value E 0.09% 3,831 $721K Add +1.8%
RPG Invesco S&P 500 Pure Growth 0.07% 15,325 $586K Reduce -21.7%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.07% 1,835 $567K Reduce -7.0%
VOOG Vanguard S&P 500 Growth ETF 0.07% 1,681 $562K Add +1.8%
VIOV Vanguard S&P Small-Cap 600 V 0.06% 6,346 $533K Add +0.7%
SMMU PIMCO SHRT TRM Muni BND ETF 0.06% 10,411 $521K Reduce -1.2%
VONV Vanguard Russell 1000 Value 0.06% 6,279 $518K Add +11.5%
VIOG Vanguard S&P SM Cap 600 GRW 0.06% 4,769 $510K Add +14.2%
SDY SS SPDR S&P Dividend ETF 0.06% 3,700 $502K Reduce -5.3%
COST Costco Wholesale Corp. 0.06% 525 $497K Add +0.6%
VOOV Vanguard S&P 500 Value ETF 0.06% 2,536 $467K Add +12.2%
IVOV Vanguard S&P Mid-Cap 400 Val 0.05% 4,506 $415K No change
ORRF Orrstown Finl Services Inc. 0.05% 13,333 $400K No change
IVOG Vanguard S&P Mid-Cap 400 Gro 0.04% 3,526 $364K No change
JJSF J & J Snack Foods Corp. 0.04% 2,702 $356K No change
IWY iShares Russell Top 200 Grow 0.04% 1,638 $346K No change
AMZN Amazon.com Inc. 0.04% 1,692 $322K Add +25.1%
VXF Vanguard Extended Market ETF 0.04% 1,723 $297K Reduce -8.7%
DLN Wisdomtree US Largecap Divid 0.03% 3,510 $279K Add +4.5%
PFM Invesco Dividend Achievers E 0.03% 5,894 $270K No change
T AT&T Inc. 0.03% 9,351 $264K Add +1.1%
TMO Thermo Fisher Scientific Inc. 0.03% 519 $258K Reduce -9.9%
SO The Southern Co. 0.03% 2,705 $249K Add +0.8%
SCHG Schwab US Large-Cap Growth 0.03% 9,919 $248K Add +36.3%
TQQQ Proshares Ultrapro QQQ 0.03% 4,202 $241K No change
FITB Fifth Third Bancorp 0.03% 6,048 $237K No change
VYM Vanguard High DVD Yield ETF 0.03% 1,796 $232K No change
ADP Automatic Data Processing 0.03% 754 $230K Reduce -6.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.03% 411 $230K New
ONEY SS SPDR R1000 Yield Foc ETF 0.03% 2,061 $225K Add +1.0%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.03% 1,745 $225K Reduce -25.6%
IGRO iShares Intl Div Growth ETF 0.03% 3,061 $222K New
PG The Procter & Gamble Co. 0.03% 1,256 $214K Reduce -3.5%
EFA iShares MSCI Eafe ETF 0.03% 2,616 $214K New
JPM JPMorgan Chase & Co. 0.03% 848 $208K No change
MLM Martin Marietta Materials 0.03% 434 $208K No change
IJR iShares Core S&P Small-Cap E 0.03% 1,976 $207K New
ACWI iShares MSCI Acwi ETF 0.02% 1,739 $202K Reduce -5.4%
VLY Valley National Bancorp 0.02% 15,000 $133K Reduce -25.0%

Portfolio Sells Q4 2024 → Q1 2025
IWF iShares Russell 1000 Growth Reduce -0.9% 5.48% −0.53
SPYG SS SPDR P S&P 500 Growth ETF Reduce -1.4% 4.53% −0.38
IVW iShares S&P 500 Growth ETF Reduce -3.0% 1.86% −0.19
NVDA Nvidia Corp. Reduce -14.7% 0.13% −0.05
LOW Lowe's Cos Inc. Reduce -4.0% 0.44% −0.03
BIDD iShares International Divide Sold out 0.00% −0.03
MSFT Microsoft Corp. Reduce -5.5% 0.19% −0.03
ILCG iShares Morningstar Growth E Reduce -6.3% 0.18% −0.03
MA Mastercard Inc. Class A Sold out 0.00% −0.03
RPG Invesco S&P 500 Pure Growth Reduce -21.7% 0.07% −0.02
TSLA Tesla Inc. Sold out 0.00% −0.02
VOO Vanguard S&P 500 ETF Sold out 0.00% −0.02
IJH iShares Core S&P Midcap ETF Sold out 0.00% −0.02
VTI VG Morningstar TS MKT ETF-US Reduce -4.9% 0.25% −0.02
AAPL Apple Inc. Reduce -1.2% 0.17% −0.02
ISCV iShares Morningstar Small-Ca Reduce -3.1% 0.23% −0.02
VTWV Vanguard Russell 2000 Value Reduce -0.3% 0.27% −0.02
CZA Invesco Zacks Mid-Cap ETF Reduce -6.3% 0.33% −0.01
MGK Vngrd Mrgstr MG CP GR ETF-Ui Reduce -7.0% 0.07% −0.01
MGV Vngrd Mrgstr MG CP VL ETF-Ui Reduce -25.6% 0.03% −0.01
VXF Vanguard Extended Market ETF Reduce -8.7% 0.04% −0.01
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -1.5% 0.13% −0.01
VLY Valley National Bancorp Reduce -25.0% 0.02% −0.01
IVV iShares Core S&P 500 ETF Reduce -0.3% 0.18% −0.00
TMO Thermo Fisher Scientific Inc. Reduce -9.9% 0.03% −0.00
DON Wisdomtree US Midcap Dividen Reduce -1.1% 0.24% −0.00
RWL Invesco S&P 500 Revenue ETF Reduce -4.3% 0.28% −0.00
ACWI iShares MSCI Acwi ETF Reduce -5.4% 0.02% −0.00
SDY SS SPDR S&P Dividend ETF Reduce -5.3% 0.06% −0.00
ADP Automatic Data Processing Reduce -6.5% 0.03% 0.00
PG The Procter & Gamble Co. Reduce -3.5% 0.03% +0.00
SMMU PIMCO SHRT TRM Muni BND ETF Reduce -1.2% 0.06% +0.00
DGRO iShares Core Dividend Growth Reduce -1.1% 0.22% +0.00
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.2% 8.39% +0.34

Portfolio Buys Q4 2024 → Q1 2025
SPSB SS SPDR P St C Corp. ETF Add +1.7% 5.86% +0.27
VCSH Vanguard S/T Corp. Bond ETF Add +10.0% 2.12% +0.26
VEA Vanguard Ftse Developed ETF Add +5.6% 1.92% +0.25
USRT iShares Core US REIT ETF Add +8.8% 2.27% +0.24
SPDW Ste STR SPDR PT DW Eu ETF Add +6.4% 1.61% +0.22
VNQ Vanguard Real Estate ETF Add +6.1% 2.33% +0.22
SPYV SS SPDR P S&P 500 Value ETF Add +1.8% 3.01% +0.12
VOE Vngrd Mrngstr MD-Cap Val ETF Add +0.2% 6.65% +0.12
IMCV iShares Morningstar Mid-Cap Add +10.2% 0.85% +0.10
SPEM State Street SP PTF Em ETF Add +1.1% 1.66% +0.10
IEFA iShares Core MSCI Eafe ETF Add +0.7% 0.88% +0.09
IWS iShares Russell Mid-Cap Valu Add +3.8% 2.57% +0.09
IVE iShares S&P 500 Value ETF Add +4.4% 1.14% +0.07
IYR iShares US Real Estate ETF Add +3.9% 0.45% +0.04
PRF Invesco Rafi US 1000 ETF Add +0.0% 1.50% +0.04
VWO Vanguard Ftse Emerging Marke Add +0.1% 0.73% +0.04
IEMG iShares Core MSCI Emerging Add +2.0% 0.44% +0.03
SPY SS SPDR S&P 500 ETF Trust-US New 0.03% +0.03
IGRO iShares Intl Div Growth ETF New 0.03% +0.03
EFA iShares MSCI Eafe ETF New 0.03% +0.03
IJR iShares Core S&P Small-Cap E New 0.03% +0.03
ACGL Arch Capital Group Ltd. Add +11.8% 0.13% +0.02
EDIV State Street SPDR S&P Emergi Add +3.0% 0.23% +0.01
MDYV SS SPDR S&P 400 MC Val ETF Add +2.3% 2.03% +0.01
VONV Vanguard Russell 1000 Value Add +11.5% 0.06% +0.01
ITOT iShares Core S&P Total U.S. Add +12.4% 0.10% +0.01
VOOV Vanguard S&P 500 Value ETF Add +12.2% 0.06% +0.01
T AT&T Inc. Add +1.1% 0.03% +0.01
SCHG Schwab US Large-Cap Growth Add +36.3% 0.03% +0.01
IWD iShares Russell 1000 Value E Add +1.8% 0.09% +0.00
VIOG Vanguard S&P SM Cap 600 GRW Add +14.2% 0.06% +0.00
SO The Southern Co. Add +0.8% 0.03% +0.00
AMZN Amazon.com Inc. Add +25.1% 0.04% +0.00
COST Costco Wholesale Corp. Add +0.6% 0.06% +0.00
DLN Wisdomtree US Largecap Divid Add +4.5% 0.03% +0.00
ONEY SS SPDR R1000 Yield Foc ETF Add +1.0% 0.03% +0.00
IWN iShares Russell 2000 Value E Add +5.6% 0.10% −0.00
IJJ iShares S&P Mid-Cap 400 Valu Add +0.9% 0.20% −0.00
VONG Vanguard Russell 1000 Growth Add +8.3% 0.62% −0.00
VOOG Vanguard S&P 500 Growth ETF Add +1.8% 0.07% −0.00
VIOV Vanguard S&P Small-Cap 600 V Add +0.7% 0.06% −0.01
ISCG iShares Morningstar Small-Ca Add +1.3% 0.17% −0.01
VOT Vngrd Mrngstr MC GRW ETF-Usd Add +0.8% 2.72% −0.02
IMCG iShares Morningstar Mid-Cap Add +1.8% 1.95% −0.03
IJK iShares S&P Mid-Cap 400 Grow Add +3.0% 0.85% −0.03
IJT iShares S&P Small-Cap 600 GR Add +2.9% 1.05% −0.03
IJS iShares S&P Small-Cap 600 Va Add +0.7% 0.63% −0.05
IWO iShares Russell 2000 Growth Add +0.6% 0.56% −0.05
VBR Vngrd Mrngst SL-CP Val ETF-U Add +3.2% 6.88% −0.05
MDYG SS SPDR S&P 400 MC GR ETF Add +3.4% 1.89% −0.06

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