Rodgers & Associates, LTD

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 22, 2026), Rodgers & Associates, LTD reported 107 stock positions worth $987.6 million. Its top holding was Vanguard Mrngstr Val ETF-Aui (VTV) at 7.9% of the portfolio, followed by Vngrd Mrngst SL-CP Val ETF-U (VBR, 6.8%) and Vngrd Mrngstr MD-Cap Val ETF (VOE, 6.8%). Compared with Q3 2025, it opened 6 new positions, sold out of 4, added to 34 and reduced 44. The biggest buy was a new position in BNY MLN Enhnc DVD and in ETF (BEDY) and the biggest sale iShares Russell 1000 Growth (IWF, shares −4%).

Most Recent 13F
Q2 2026
Location
Lancaster, PA
CIK
0001846515
Portfolio Value
$987.6M (Q4 2025)
SEC Filing
0001172661-26-000265 ↗ filed Jan 22, 2026

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 Q2 2025 Q3 2025: $970.1M Q3 2025 Q4 2025: $987.6M $987.6M Q4 2025 Q1 2026: $982.2M Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 107 stocks · $987.6M
VTV Vanguard Mrngstr Val ETF-Aui 7.87% 407,105 $77.8M Reduce -0.5%
VBR Vngrd Mrngst SL-CP Val ETF-U 6.84% 319,068 $67.6M Add +1.5%
VOE Vngrd Mrngstr MD-Cap Val ETF 6.82% 379,805 $67.4M Add +3.2%
IWF iShares Russell 1000 Growth 6.03% 125,775 $59.5M Reduce -3.5%
IWP iShares Russell Mid-Cap Grow 5.71% 411,776 $56.4M Add +0.4%
SPYG SS SPDR P S&P 500 Growth ETF 5.05% 467,832 $49.9M Reduce -1.9%
SPSB SS SPDR P St C Corp. ETF 5.05% 1,650,811 $49.9M Add +2.2%
VBK Van Morst SML-Cap Gro-Usd Inc. 4.22% 138,062 $41.7M Add +1.3%
SLYG SS SPDR S&P 600 SC GR ETF 4.04% 423,651 $39.9M Add +0.4%
SLYV SS SPDR S&P 600 SC Val ETF 3.08% 333,839 $30.4M Reduce -0.0%
SPYV SS SPDR P S&P 500 Value ETF 2.88% 500,177 $28.4M Add +1.5%
VOT Vngrd Mrngstr MC GRW ETF-Usd 2.75% 97,285 $27.2M Add +3.1%
IWS iShares Russell Mid-Cap Valu 2.49% 174,382 $24.6M Add +1.5%
VCSH Vanguard S/T Corp. Bond ETF 2.43% 301,520 $24.0M Add +10.4%
USRT iShares Core US REIT ETF 2.17% 376,251 $21.4M Add +6.3%
VNQ Vanguard Real Estate ETF 2.09% 233,219 $20.6M Add +4.4%
VEA Vanguard Ftse Developed ETF 2.00% 316,581 $19.8M Add +1.8%
MDYV SS SPDR S&P 400 MC Val ETF 1.89% 220,040 $18.6M Reduce -0.2%
IMCG iShares Morningstar Mid-Cap 1.87% 231,448 $18.5M Add +2.3%
IVW iShares S&P 500 Growth ETF 1.84% 147,069 $18.1M Reduce -2.2%
MDYG SS SPDR S&P 400 MC GR ETF 1.79% 191,092 $17.7M Reduce -0.5%
VUG Vanguard Mrngstar GR ETF-Sui 1.78% 35,949 $17.5M Reduce -0.2%
SPEM State Street SP PTF Em ETF 1.71% 361,673 $16.9M Add +0.4%
SPDW Ste STR SPDR PT DW Eu ETF 1.65% 366,668 $16.3M Add +1.2%
PRF Invesco Rafi US 1000 ETF 1.17% 245,251 $11.5M Reduce -1.8%
IVE iShares S&P 500 Value ETF 1.04% 48,620 $10.3M Reduce -0.9%
IJT iShares S&P Small-Cap 600 GR 1.01% 70,380 $9.9M Reduce -3.4%
IMCV iShares Morningstar Mid-Cap 0.93% 111,456 $9.2M Add +6.0%
IEFA iShares Core MSCI Eafe ETF 0.89% 98,773 $8.8M Add +2.0%
VONG Vanguard Russell 1000 Growth 0.78% 62,981 $7.7M Reduce -3.0%
IJK iShares S&P Mid-Cap 400 Grow 0.76% 77,330 $7.5M Reduce -1.2%
VWO Vanguard Ftse Emerging Marke 0.72% 132,411 $7.1M Reduce -0.1%
IWO iShares Russell 2000 Growth 0.62% 18,926 $6.1M Reduce -1.5%
IJS iShares S&P Small-Cap 600 Va 0.60% 52,206 $5.9M Reduce -5.4%
VTI VG Morningstar TS MKT ETF-US 0.46% 13,652 $4.6M Add +79.0%
IEMG iShares Core MSCI Emerging 0.45% 65,829 $4.4M Reduce -2.5%
IYR iShares US Real Estate ETF 0.38% 39,995 $3.8M Add +0.9%
LOW Lowe's Cos Inc. 0.34% 13,964 $3.4M Reduce -1.8%
ISCV iShares Morningstar Small-Ca 0.31% 44,028 $3.0M Add +0.2%
PH Parker Hannifin Corp. 0.28% 3,139 $2.8M Add +0.8%
CZA Invesco Zacks Mid-Cap ETF 0.27% 24,216 $2.7M Reduce -1.0%
VTWV Vanguard Russell 2000 Value 0.27% 16,446 $2.6M Reduce -1.7%
RWL Invesco S&P 500 Revenue ETF 0.26% 22,199 $2.5M Reduce -1.9%
BEDY BNY MLN Enhnc DVD and in ETF 0.26% 95,172 $2.5M New
EDIV State Street SPDR S&P Emergi 0.22% 54,371 $2.1M Reduce -0.1%
IVV iShares Core S&P 500 ETF 0.21% 3,063 $2.1M Reduce -0.3%
DGRO iShares Core Dividend Growth 0.20% 28,708 $2.0M Reduce -0.0%
MSFT Microsoft Corp. 0.18% 3,775 $1.8M Reduce -0.1%
IJJ iShares S&P Mid-Cap 400 Valu 0.18% 13,859 $1.8M Add +0.5%
ISCG iShares Morningstar Small-Ca 0.18% 32,593 $1.8M Add +3.8%
AAPL Apple Inc. 0.18% 6,533 $1.8M Reduce -0.3%
NVDA Nvidia Corp. 0.17% 9,226 $1.7M Reduce -0.8%
ILCG iShares Morningstar Growth E 0.14% 13,450 $1.4M Reduce -19.0%
IWN iShares Russell 2000 Value E 0.14% 7,607 $1.4M Add +38.1%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.14% 4,237 $1.3M No change
ITOT iShares Core S&P Total U.S. 0.12% 8,249 $1.2M No change
VIOV Vanguard S&P Small-Cap 600 V 0.12% 12,070 $1.2M No change
IWD iShares Russell 1000 Value E 0.11% 5,064 $1.1M Add +25.1%
VB Vanguard Most SM-Cap ETF-Usd 0.09% 3,426 $884K No change
ACGL Arch Capital Group Ltd. 0.09% 9,196 $882K No change
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.07% 1,763 $728K No change
VONV Vanguard Russell 1000 Value 0.07% 7,617 $703K Reduce -0.9%
VOOG Vanguard S&P 500 Growth ETF 0.06% 1,424 $633K Reduce -1.3%
IVOV Vanguard S&P Mid-Cap 400 Val 0.06% 5,933 $599K Reduce -0.1%
RPG Invesco S&P 500 Pure Growth 0.06% 12,685 $592K Reduce -10.5%
VIOG Vanguard S&P SM Cap 600 GRW 0.06% 4,807 $583K Reduce -7.2%
SMMU PIMCO SHRT TRM Muni BND ETF 0.05% 10,487 $529K Add +2.9%
COST Costco Wholesale Corp. 0.05% 610 $526K Add +19.6%
SUB iShares Short-Term National 0.05% 4,905 $523K Add +39.4%
VOOV Vanguard S&P 500 Value ETF 0.05% 2,546 $522K No change
SDY SS SPDR S&P Dividend ETF 0.05% 3,700 $515K No change
IVOG Vanguard S&P Mid-Cap 400 Gro 0.05% 3,807 $458K Reduce -0.1%
QQQ Invesco QQQ Trust Series 1 0.04% 672 $413K No change
IWY iShares Russell Top 200 Grow 0.04% 1,443 $400K Reduce -4.6%
VXUS Vanguard Total Intl Stock 0.04% 5,147 $388K New
XLK SS Technology Select Sector 0.04% 2,635 $379K No change
VXF Vanguard Extended Market ETF 0.04% 1,789 $374K Add +3.8%
VYM Vanguard High DVD Yield ETF 0.04% 2,462 $353K No change
ORRF Orrstown Finl Services Inc. 0.03% 9,570 $339K No change
AMZN Amazon.com Inc. 0.03% 1,384 $319K Reduce -3.4%
DLN Wisdomtree US Largecap Divid 0.03% 3,585 $316K No change
VOO Vanguard S&P 500 ETF 0.03% 492 $309K Add +2.3%
PFM Invesco Dividend Achievers E 0.03% 5,894 $304K No change
TSLA Tesla Inc. 0.03% 672 $302K Reduce -5.9%
VEU Vanguard Ftse All-World Ex-U 0.03% 3,894 $286K New
FITB Fifth Third Bancorp 0.03% 6,048 $283K No change
JNJ Johnson & Johnson 0.03% 1,348 $279K Add +21.6%
VTWG Vanguard Russell 2000 Growth 0.03% 1,142 $270K No change
TMO Thermo Fisher Scientific Inc. 0.03% 446 $258K No change
IJH iShares Core S&P Midcap ETF 0.03% 3,899 $257K No change
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.02% 1,745 $246K No change
ACWI iShares MSCI Acwi ETF 0.02% 1,739 $246K No change
GLDM SPDR Gold Minishares Trust 0.02% 2,875 $245K Reduce -7.0%
SO The Southern Co. 0.02% 2,773 $242K Add +0.8%
T AT&T Inc. 0.02% 9,698 $241K Reduce -3.9%
SCHG Schwab US Large-Cap Growth 0.02% 7,368 $240K Reduce -5.2%
MLM Martin Marietta Materials 0.02% 384 $239K No change
ADP Automatic Data Processing 0.02% 913 $235K Reduce -0.5%
CAT Caterpillar Inc. 0.02% 406 $233K New
TQQQ Proshares Ultrapro QQQ 0.02% 4,404 $232K Reduce -47.6%
GOOGL Alphabet Inc. Class A 0.02% 731 $229K New
DFAX Dimensional World Ex US Core 0.02% 6,896 $226K No change
V Visa Inc. Class A 0.02% 637 $223K Add +6.5%
EFA iShares MSCI Eafe ETF 0.02% 2,179 $209K Reduce -2.0%
AVGO Broadcom Inc. 0.02% 596 $206K New
PG The Procter & Gamble Co. 0.02% 1,431 $205K Reduce -7.4%
VLY Valley National Bancorp 0.02% 15,000 $175K No change

Portfolio Sells Q3 2025 → Q4 2025
IWF iShares Russell 1000 Growth Reduce -3.5% 6.03% −0.27
DON Wisdomtree US Midcap Dividen Sold out 0.00% −0.20
SPYG SS SPDR P S&P 500 Growth ETF Reduce -1.9% 5.05% −0.08
IJT iShares S&P Small-Cap 600 GR Reduce -3.4% 1.01% −0.06
ILCG iShares Morningstar Growth E Reduce -19.0% 0.14% −0.04
IVW iShares S&P 500 Growth ETF Reduce -2.2% 1.84% −0.04
VONG Vanguard Russell 1000 Growth Reduce -3.0% 0.78% −0.03
IJS iShares S&P Small-Cap 600 Va Reduce -5.4% 0.60% −0.03
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −0.03
LOW Lowe's Cos Inc. Reduce -1.8% 0.34% −0.03
MDYG SS SPDR S&P 400 MC GR ETF Reduce -0.5% 1.79% −0.02
LHX L3HARRIS Technologies Inc. Sold out 0.00% −0.02
TQQQ Proshares Ultrapro QQQ Reduce -47.6% 0.02% −0.02
MO Altria Group Inc. Sold out 0.00% −0.02
VWO Vanguard Ftse Emerging Marke Reduce -0.1% 0.72% −0.02
MSFT Microsoft Corp. Reduce -0.1% 0.18% −0.02
IJK iShares S&P Mid-Cap 400 Grow Reduce -1.2% 0.76% −0.02
IWO iShares Russell 2000 Growth Reduce -1.5% 0.62% −0.01
IEMG iShares Core MSCI Emerging Reduce -2.5% 0.45% −0.01
MDYV SS SPDR S&P 400 MC Val ETF Reduce -0.2% 1.89% −0.01
RPG Invesco S&P 500 Pure Growth Reduce -10.5% 0.06% −0.01
VIOG Vanguard S&P SM Cap 600 GRW Reduce -7.2% 0.06% −0.01
CZA Invesco Zacks Mid-Cap ETF Reduce -1.0% 0.27% −0.01
T AT&T Inc. Reduce -3.9% 0.02% −0.01
VUG Vanguard Mrngstar GR ETF-Sui Reduce -0.2% 1.78% −0.00
NVDA Nvidia Corp. Reduce -0.8% 0.17% −0.00
ADP Automatic Data Processing Reduce -0.5% 0.02% −0.00
PG The Procter & Gamble Co. Reduce -7.4% 0.02% −0.00
VTWV Vanguard Russell 2000 Value Reduce -1.7% 0.27% −0.00
EDIV State Street SPDR S&P Emergi Reduce -0.1% 0.22% −0.00
IWY iShares Russell Top 200 Grow Reduce -4.6% 0.04% −0.00
TSLA Tesla Inc. Reduce -5.9% 0.03% −0.00
SCHG Schwab US Large-Cap Growth Reduce -5.2% 0.02% −0.00
IVOV Vanguard S&P Mid-Cap 400 Val Reduce -0.1% 0.06% −0.00
RWL Invesco S&P 500 Revenue ETF Reduce -1.9% 0.26% −0.00
VOOG Vanguard S&P 500 Growth ETF Reduce -1.3% 0.06% −0.00
IVOG Vanguard S&P Mid-Cap 400 Gro Reduce -0.1% 0.05% −0.00
EFA iShares MSCI Eafe ETF Reduce -2.0% 0.02% −0.00
AMZN Amazon.com Inc. Reduce -3.4% 0.03% −0.00
IVE iShares S&P 500 Value ETF Reduce -0.9% 1.04% 0.00
DGRO iShares Core Dividend Growth Reduce -0.0% 0.20% +0.00
IVV iShares Core S&P 500 ETF Reduce -0.3% 0.21% +0.00
VONV Vanguard Russell 1000 Value Reduce -0.9% 0.07% +0.00
GLDM SPDR Gold Minishares Trust Reduce -7.0% 0.02% +0.00
PRF Invesco Rafi US 1000 ETF Reduce -1.8% 1.17% +0.00
AAPL Apple Inc. Reduce -0.3% 0.18% +0.01
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.5% 7.87% +0.01
SLYV SS SPDR S&P 600 SC Val ETF Reduce -0.0% 3.08% +0.02

Portfolio Buys Q3 2025 → Q4 2025
BEDY BNY MLN Enhnc DVD and in ETF New 0.26% +0.26
VTI VG Morningstar TS MKT ETF-US Add +79.0% 0.46% +0.21
VOE Vngrd Mrngstr MD-Cap Val ETF Add +3.2% 6.82% +0.20
VCSH Vanguard S/T Corp. Bond ETF Add +10.4% 2.43% +0.18
VEA Vanguard Ftse Developed ETF Add +1.8% 2.00% +0.08
VBR Vngrd Mrngst SL-CP Val ETF-U Add +1.5% 6.84% +0.08
SPYV SS SPDR P S&P 500 Value ETF Add +1.5% 2.88% +0.07
IMCV iShares Morningstar Mid-Cap Add +6.0% 0.93% +0.06
SPDW Ste STR SPDR PT DW Eu ETF Add +1.2% 1.65% +0.05
VBK Van Morst SML-Cap Gro-Usd Inc. Add +1.3% 4.22% +0.04
VXUS Vanguard Total Intl Stock New 0.04% +0.04
IWN iShares Russell 2000 Value E Add +38.1% 0.14% +0.04
PH Parker Hannifin Corp. Add +0.8% 0.28% +0.04
VEU Vanguard Ftse All-World Ex-U New 0.03% +0.03
USRT iShares Core US REIT ETF Add +6.3% 2.17% +0.03
CAT Caterpillar Inc. New 0.02% +0.02
IEFA iShares Core MSCI Eafe ETF Add +2.0% 0.89% +0.02
GOOGL Alphabet Inc. Class A New 0.02% +0.02
IWD iShares Russell 1000 Value E Add +25.1% 0.11% +0.02
AVGO Broadcom Inc. New 0.02% +0.02
IWS iShares Russell Mid-Cap Valu Add +1.5% 2.49% +0.02
SUB iShares Short-Term National Add +39.4% 0.05% +0.01
ISCG iShares Morningstar Small-Ca Add +3.8% 0.18% +0.01
JNJ Johnson & Johnson Add +21.6% 0.03% +0.01
COST Costco Wholesale Corp. Add +19.6% 0.05% +0.00
SPSB SS SPDR P St C Corp. ETF Add +2.2% 5.05% +0.00
ISCV iShares Morningstar Small-Ca Add +0.2% 0.31% +0.00
V Visa Inc. Class A Add +6.5% 0.02% +0.00
VOO Vanguard S&P 500 ETF Add +2.3% 0.03% +0.00
VXF Vanguard Extended Market ETF Add +3.8% 0.04% +0.00
SMMU PIMCO SHRT TRM Muni BND ETF Add +2.9% 0.05% +0.00
IJJ iShares S&P Mid-Cap 400 Valu Add +0.5% 0.18% +0.00
SO The Southern Co. Add +0.8% 0.02% −0.00
VNQ Vanguard Real Estate ETF Add +4.4% 2.09% −0.02
IYR iShares US Real Estate ETF Add +0.9% 0.38% −0.02
SPEM State Street SP PTF Em ETF Add +0.4% 1.71% −0.02
IMCG iShares Morningstar Mid-Cap Add +2.3% 1.87% −0.06
SLYG SS SPDR S&P 600 SC GR ETF Add +0.4% 4.04% −0.06
VOT Vngrd Mrngstr MC GRW ETF-Usd Add +3.1% 2.75% −0.11
IWP iShares Russell Mid-Cap Grow Add +0.4% 5.71% −0.31

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