Rodgers & Associates, LTD

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 29, 2025), Rodgers & Associates, LTD reported 103 stock positions worth $910.3 million. Its top holding was Vanguard Mrngstr Val ETF-Aui (VTV) at 8.0% of the portfolio, followed by Vngrd Mrngst SL-CP Val ETF-U (VBR, 6.8%) and Vngrd Mrngstr MD-Cap Val ETF (VOE, 6.5%). Compared with Q1 2025, it opened 9 new positions, sold out of 3, added to 44 and reduced 31. The biggest buy was iShares Russell 1000 Growth (IWF, shares +9%) and the biggest sale SS SPDR P St C Corp. ETF (SPSB, shares −2%).

Most Recent 13F
Q2 2026
Location
Lancaster, PA
CIK
0001846515
Portfolio Value
$910.3M (Q2 2025)
SEC Filing
0001172661-25-002755 ↗ filed Jul 29, 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 Q1 2025 Q2 2025: $910.3M $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 103 stocks · $910.3M
VTV Vanguard Mrngstr Val ETF-Aui 8.00% 412,041 $72.8M Add +3.4%
VBR Vngrd Mrngst SL-CP Val ETF-U 6.79% 316,993 $61.8M Add +4.6%
VOE Vngrd Mrngstr MD-Cap Val ETF 6.47% 358,122 $58.9M Add +5.3%
IWP iShares Russell Mid-Cap Grow 6.42% 421,189 $58.4M Add +0.2%
IWF iShares Russell 1000 Growth 6.34% 135,890 $57.7M Add +9.2%
SPSB SS SPDR P St C Corp. ETF 5.19% 1,564,923 $47.2M Reduce -2.0%
SPYG SS SPDR P S&P 500 Growth ETF 5.11% 487,533 $46.5M Add +5.5%
SLYG SS SPDR S&P 600 SC GR ETF 4.04% 413,898 $36.7M Add +4.1%
VBK Van Morst SML-Cap Gro-Usd Inc. 4.02% 132,244 $36.6M Add +5.4%
VOT Vngrd Mrngstr MC GRW ETF-Usd 2.96% 94,583 $26.9M Add +3.5%
SLYV SS SPDR S&P 600 SC Val ETF 2.95% 336,515 $26.8M Add +9.9%
SPYV SS SPDR P S&P 500 Value ETF 2.80% 487,696 $25.5M Add +0.8%
IWS iShares Russell Mid-Cap Valu 2.49% 171,776 $22.7M Add +2.6%
VCSH Vanguard S/T Corp. Bond ETF 2.13% 244,385 $19.4M Add +10.8%
VNQ Vanguard Real Estate ETF 2.11% 215,562 $19.2M Add +2.1%
USRT iShares Core US REIT ETF 2.10% 337,807 $19.1M Add +4.4%
IMCG iShares Morningstar Mid-Cap 1.99% 226,108 $18.1M Add +1.2%
VEA Vanguard Ftse Developed ETF 1.92% 307,280 $17.5M Reduce -0.9%
MDYV SS SPDR S&P 400 MC Val ETF 1.88% 215,566 $17.1M Reduce -0.2%
MDYG SS SPDR S&P 400 MC GR ETF 1.85% 194,199 $16.9M Reduce -0.3%
IVW iShares S&P 500 Growth ETF 1.84% 151,746 $16.7M Reduce -7.7%
VUG Vanguard Mrngstar GR ETF-Sui 1.79% 37,209 $16.3M Add +4.9%
SPEM State Street SP PTF Em ETF 1.63% 346,500 $14.8M Reduce -0.1%
SPDW Ste STR SPDR PT DW Eu ETF 1.62% 363,227 $14.7M Reduce -0.1%
PRF Invesco Rafi US 1000 ETF 1.18% 254,219 $10.7M Reduce -16.7%
IJT iShares S&P Small-Cap 600 GR 1.05% 71,976 $9.6M Add +4.1%
IVE iShares S&P 500 Value ETF 1.05% 48,696 $9.5M Reduce -0.5%
IEFA iShares Core MSCI Eafe ETF 0.87% 94,874 $7.9M Reduce -0.1%
IMCV iShares Morningstar Mid-Cap 0.84% 100,912 $7.7M Add +7.2%
IJK iShares S&P Mid-Cap 400 Grow 0.83% 82,767 $7.5M Reduce -1.6%
VONG Vanguard Russell 1000 Growth 0.74% 61,413 $6.7M Add +12.8%
VWO Vanguard Ftse Emerging Marke 0.72% 131,605 $6.5M Reduce -0.9%
IWO iShares Russell 2000 Growth 0.61% 19,562 $5.6M Add +8.4%
IJS iShares S&P Small-Cap 600 Va 0.61% 55,688 $5.5M Add +5.3%
IEMG iShares Core MSCI Emerging 0.44% 66,042 $4.0M Reduce -0.5%
IYR iShares US Real Estate ETF 0.40% 38,491 $3.6M Add +0.7%
LOW Lowe's Cos Inc. 0.36% 14,677 $3.3M Reduce -4.1%
CZA Invesco Zacks Mid-Cap ETF 0.30% 25,626 $2.7M Reduce -2.8%
ISCV iShares Morningstar Small-Ca 0.29% 43,078 $2.6M Add +35.9%
RWL Invesco S&P 500 Revenue ETF 0.26% 22,624 $2.4M Reduce -1.2%
VTI VG Morningstar TS MKT ETF-US 0.26% 7,725 $2.3M Add +2.1%
VTWV Vanguard Russell 2000 Value 0.26% 16,717 $2.3M Add +0.4%
PH Parker Hannifin Corp. 0.24% 3,115 $2.2M No change
EDIV State Street SPDR S&P Emergi 0.23% 54,476 $2.1M Add +0.9%
DON Wisdomtree US Midcap Dividen 0.22% 40,287 $2.0M No change
MSFT Microsoft Corp. 0.21% 3,924 $2.0M Reduce -4.9%
IVV iShares Core S&P 500 ETF 0.21% 3,130 $1.9M Add +20.8%
DGRO iShares Core Dividend Growth 0.20% 28,868 $1.8M Add +0.1%
IJJ iShares S&P Mid-Cap 400 Valu 0.18% 13,586 $1.7M Reduce -1.3%
ILCG iShares Morningstar Growth E 0.18% 17,138 $1.7M Reduce -4.6%
ISCG iShares Morningstar Small-Ca 0.17% 31,858 $1.6M Add +1.8%
NVDA Nvidia Corp. 0.16% 9,303 $1.5M Reduce -3.2%
AAPL Apple Inc. 0.15% 6,682 $1.4M Add +4.2%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.13% 4,237 $1.2M No change
ITOT iShares Core S&P Total U.S. 0.13% 8,491 $1.1M Add +25.4%
IWN iShares Russell 2000 Value E 0.10% 5,545 $875K Reduce -0.8%
VIOV Vanguard S&P Small-Cap 600 V 0.10% 10,185 $872K Add +60.5%
ACGL Arch Capital Group Ltd. 0.09% 9,196 $837K Reduce -17.9%
VB Vanguard Most SM-Cap ETF-Usd 0.09% 3,426 $812K No change
IWD iShares Russell 1000 Value E 0.09% 4,073 $791K Add +6.3%
VOOG Vanguard S&P 500 Growth ETF 0.08% 1,736 $688K Add +3.3%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.07% 1,808 $662K Reduce -1.5%
RPG Invesco S&P 500 Pure Growth 0.07% 14,170 $649K Reduce -7.5%
VIOG Vanguard S&P SM Cap 600 GRW 0.06% 5,142 $588K Add +7.8%
COST Costco Wholesale Corp. 0.06% 522 $517K Reduce -0.6%
IVOV Vanguard S&P Mid-Cap 400 Val 0.06% 5,266 $503K Add +16.9%
SDY SS SPDR S&P Dividend ETF 0.06% 3,700 $502K No change
SMMU PIMCO SHRT TRM Muni BND ETF 0.05% 9,956 $499K Reduce -4.4%
VOOV Vanguard S&P 500 Value ETF 0.05% 2,536 $479K No change
VONV Vanguard Russell 1000 Value 0.05% 5,429 $463K Reduce -13.5%
ORRF Orrstown Finl Services Inc. 0.05% 13,333 $424K No change
IVOG Vanguard S&P Mid-Cap 400 Gro 0.04% 3,606 $408K Add +2.3%
IWY iShares Russell Top 200 Grow 0.04% 1,638 $404K No change
QQQ Invesco QQQ Trust Series 1 0.04% 669 $369K New
VYM Vanguard High DVD Yield ETF 0.04% 2,646 $353K Add +47.3%
TQQQ Proshares Ultrapro QQQ 0.04% 4,202 $349K No change
SUB iShares Short-Term National 0.04% 3,200 $340K New
XLK SS Technology Select Sector 0.04% 1,317 $334K New
VXF Vanguard Extended Market ETF 0.04% 1,723 $332K No change
AMZN Amazon.com Inc. 0.03% 1,432 $314K Reduce -15.4%
JJSF J & J Snack Foods Corp. 0.03% 2,702 $306K No change
T AT&T Inc. 0.03% 10,000 $289K Add +6.9%
DLN Wisdomtree US Largecap Divid 0.03% 3,510 $288K No change
PFM Invesco Dividend Achievers E 0.03% 5,894 $284K No change
ADP Automatic Data Processing 0.03% 918 $283K Add +21.8%
VOO Vanguard S&P 500 ETF 0.03% 481 $273K New
PG The Procter & Gamble Co. 0.03% 1,667 $266K Add +32.7%
EFA iShares MSCI Eafe ETF 0.03% 2,961 $265K Add +13.2%
SO The Southern Co. 0.03% 2,728 $250K Add +0.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.03% 404 $250K Reduce -1.7%
FITB Fifth Third Bancorp 0.03% 6,048 $249K No change
IJH iShares Core S&P Midcap ETF 0.03% 3,927 $244K New
MLM Martin Marietta Materials 0.03% 434 $238K No change
VTWG Vanguard Russell 2000 Growth 0.03% 1,142 $238K New
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.03% 1,745 $229K No change
TSLA Tesla Inc. 0.02% 714 $227K New
ACWI iShares MSCI Acwi ETF 0.02% 1,739 $224K No change
ONEY SS SPDR R1000 Yield Foc ETF 0.02% 2,061 $223K No change
SCHG Schwab US Large-Cap Growth 0.02% 7,280 $213K Reduce -26.6%
V Visa Inc. Class A 0.02% 598 $212K New
DFAX Dimensional World Ex US Core 0.02% 6,896 $203K New
TMO Thermo Fisher Scientific Inc. 0.02% 496 $201K Reduce -4.4%
VLY Valley National Bancorp 0.01% 15,000 $134K No change

Portfolio Sells Q1 2025 → Q2 2025
SPSB SS SPDR P St C Corp. ETF Reduce -2.0% 5.19% −0.67
PRF Invesco Rafi US 1000 ETF Reduce -16.7% 1.18% −0.32
MDYV SS SPDR S&P 400 MC Val ETF Reduce -0.2% 1.88% −0.15
IVE iShares S&P 500 Value ETF Reduce -0.5% 1.05% −0.09
LOW Lowe's Cos Inc. Reduce -4.1% 0.36% −0.08
ACGL Arch Capital Group Ltd. Reduce -17.9% 0.09% −0.04
SPEM State Street SP PTF Em ETF Reduce -0.1% 1.63% −0.04
MDYG SS SPDR S&P 400 MC GR ETF Reduce -0.3% 1.85% −0.03
CZA Invesco Zacks Mid-Cap ETF Reduce -2.8% 0.30% −0.03
IGRO iShares Intl Div Growth ETF Sold out 0.00% −0.03
IJK iShares S&P Mid-Cap 400 Grow Reduce -1.6% 0.83% −0.03
JPM JPMorgan Chase & Co. Sold out 0.00% −0.03
IVW iShares S&P 500 Growth ETF Reduce -7.7% 1.84% −0.03
IJR iShares Core S&P Small-Cap E Sold out 0.00% −0.03
RWL Invesco S&P 500 Revenue ETF Reduce -1.2% 0.26% −0.02
VWO Vanguard Ftse Emerging Marke Reduce -0.9% 0.72% −0.02
IJJ iShares S&P Mid-Cap 400 Valu Reduce -1.3% 0.18% −0.02
VONV Vanguard Russell 1000 Value Reduce -13.5% 0.05% −0.01
TMO Thermo Fisher Scientific Inc. Reduce -4.4% 0.02% −0.01
SMMU PIMCO SHRT TRM Muni BND ETF Reduce -4.4% 0.05% −0.01
SCHG Schwab US Large-Cap Growth Reduce -26.6% 0.02% −0.01
IWN iShares Russell 2000 Value E Reduce -0.8% 0.10% −0.01
IEFA iShares Core MSCI Eafe ETF Reduce -0.1% 0.87% −0.01
AMZN Amazon.com Inc. Reduce -15.4% 0.03% −0.00
COST Costco Wholesale Corp. Reduce -0.6% 0.06% −0.00
IEMG iShares Core MSCI Emerging Reduce -0.5% 0.44% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.7% 0.03% −0.00
RPG Invesco S&P 500 Pure Growth Reduce -7.5% 0.07% −0.00
SPDW Ste STR SPDR PT DW Eu ETF Reduce -0.1% 1.62% +0.00
VEA Vanguard Ftse Developed ETF Reduce -0.9% 1.92% +0.00
MGK Vngrd Mrgstr MG CP GR ETF-Ui Reduce -1.5% 0.07% +0.00
ILCG iShares Morningstar Growth E Reduce -4.6% 0.18% +0.01
MSFT Microsoft Corp. Reduce -4.9% 0.21% +0.03
NVDA Nvidia Corp. Reduce -3.2% 0.16% +0.03

Portfolio Buys Q1 2025 → Q2 2025
IWF iShares Russell 1000 Growth Add +9.2% 6.34% +0.86
SPYG SS SPDR P S&P 500 Growth ETF Add +5.5% 5.11% +0.58
IWP iShares Russell Mid-Cap Grow Add +0.2% 6.42% +0.39
VOT Vngrd Mrngstr MC GRW ETF-Usd Add +3.5% 2.96% +0.23
VUG Vanguard Mrngstar GR ETF-Sui Add +4.9% 1.79% +0.19
VBK Van Morst SML-Cap Gro-Usd Inc. Add +5.4% 4.02% +0.17
VONG Vanguard Russell 1000 Growth Add +12.8% 0.74% +0.12
ISCV iShares Morningstar Small-Ca Add +35.9% 0.29% +0.06
IWO iShares Russell 2000 Growth Add +8.4% 0.61% +0.05
IMCG iShares Morningstar Mid-Cap Add +1.2% 1.99% +0.05
QQQ Invesco QQQ Trust Series 1 New 0.04% +0.04
SUB iShares Short-Term National New 0.04% +0.04
XLK SS Technology Select Sector New 0.04% +0.04
IVV iShares Core S&P 500 ETF Add +20.8% 0.21% +0.04
VIOV Vanguard S&P Small-Cap 600 V Add +60.5% 0.10% +0.03
VOO Vanguard S&P 500 ETF New 0.03% +0.03
IJH iShares Core S&P Midcap ETF New 0.03% +0.03
VTWG Vanguard Russell 2000 Growth New 0.03% +0.03
ITOT iShares Core S&P Total U.S. Add +25.4% 0.13% +0.03
TSLA Tesla Inc. New 0.02% +0.02
V Visa Inc. Class A New 0.02% +0.02
SLYV SS SPDR S&P 600 SC Val ETF Add +9.9% 2.95% +0.02
DFAX Dimensional World Ex US Core New 0.02% +0.02
SLYG SS SPDR S&P 600 SC GR ETF Add +4.1% 4.04% +0.01
VCSH Vanguard S/T Corp. Bond ETF Add +10.8% 2.13% +0.01
VYM Vanguard High DVD Yield ETF Add +47.3% 0.04% +0.01
VOOG Vanguard S&P 500 Growth ETF Add +3.3% 0.08% +0.01
IVOV Vanguard S&P Mid-Cap 400 Val Add +16.9% 0.06% +0.00
VTI VG Morningstar TS MKT ETF-US Add +2.1% 0.26% +0.00
PG The Procter & Gamble Co. Add +32.7% 0.03% +0.00
ADP Automatic Data Processing Add +21.8% 0.03% +0.00
EFA iShares MSCI Eafe ETF Add +13.2% 0.03% +0.00
VIOG Vanguard S&P SM Cap 600 GRW Add +7.8% 0.06% +0.00
ISCG iShares Morningstar Small-Ca Add +1.8% 0.17% +0.00
IJT iShares S&P Small-Cap 600 GR Add +4.1% 1.05% +0.00
IVOG Vanguard S&P Mid-Cap 400 Gro Add +2.3% 0.04% +0.00
T AT&T Inc. Add +6.9% 0.03% −0.00
IWD iShares Russell 1000 Value E Add +6.3% 0.09% −0.00
SO The Southern Co. Add +0.8% 0.03% −0.00
EDIV State Street SPDR S&P Emergi Add +0.9% 0.23% −0.01
IMCV iShares Morningstar Mid-Cap Add +7.2% 0.84% −0.01
DGRO iShares Core Dividend Growth Add +0.1% 0.20% −0.01
VTWV Vanguard Russell 2000 Value Add +0.4% 0.26% −0.01
IJS iShares S&P Small-Cap 600 Va Add +5.3% 0.61% −0.02
AAPL Apple Inc. Add +4.2% 0.15% −0.02
IYR iShares US Real Estate ETF Add +0.7% 0.40% −0.05
IWS iShares Russell Mid-Cap Valu Add +2.6% 2.49% −0.08
VBR Vngrd Mrngst SL-CP Val ETF-U Add +4.6% 6.79% −0.09
USRT iShares Core US REIT ETF Add +4.4% 2.10% −0.17
VOE Vngrd Mrngstr MD-Cap Val ETF Add +5.3% 6.47% −0.18

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