Schmidt P J Investment Management Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 26, 2024), Schmidt P J Investment Management Inc. reported 179 stock positions worth $530.0 million. Its top holding was Microsoft (MSFT) at 6.9% of the portfolio, followed by Apple (AAPL, 5.1%) and iShares 5-10Y Inv Grade (IGIB, 4.6%). Compared with Q4 2023, it opened 17 new positions, sold out of 7, added to 66 and reduced 72. The biggest buy was SS Comm Select Sector SPDR (XLC, shares +493%) and the biggest sale Schneider National Class B (SNDR, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- CEDARBURG, WI
- CIK
- 0001008895
- Portfolio Value
- $530.0M (Q1 2024)
- SEC Filing
- 0001008895-24-000002 ↗ filed Apr 26, 2024
Holdings Value
Holdings 179 stocks · $530.0M
| MSFT Microsoft Corp. | 6.86% | 86,426 | $36.4M | Reduce -1.7% |
| AAPL Apple Inc. | 5.15% | 159,171 | $27.3M | Add +1.2% |
| IGIB iShares 5-10Y Inv Grade Corp. | 4.61% | 473,526 | $24.4M | Add +6.8% |
| SNDR Schneider National Inc. Class B | 4.41% | 1,032,059 | $23.4M | Reduce -4.2% |
| GOVT iShares US Treasury Bond ETF | 4.18% | 972,041 | $22.1M | Add +8.4% |
| GOOG Alphabet Inc. Class C | 3.07% | 106,876 | $16.3M | Reduce -0.6% |
| AVGO Broadcom Inc. | 2.92% | 11,689 | $15.5M | Add +0.1% |
| LLY Eli Lilly & Co. | 2.83% | 19,297 | $15.0M | Reduce -4.8% |
| AMZN Amazon.com Inc. | 2.60% | 76,389 | $13.8M | Reduce -3.8% |
| UNH Unitedhealth Group Inc. | 2.51% | 26,898 | $13.3M | Add +2.7% |
| PG The Procter & Gamble Co. | 2.07% | 67,484 | $10.9M | Reduce -0.4% |
| PEP Pepsico Inc. | 1.96% | 59,348 | $10.4M | Add +1.8% |
| V Visa Inc. Class A | 1.93% | 36,673 | $10.2M | Reduce -1.9% |
| BLK BlackRock Finance Inc. | 1.71% | 10,885 | $9.1M | Reduce -0.7% |
| MCD McDonald's Corp. | 1.69% | 31,860 | $9.0M | Reduce -2.6% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 1.65% | 46,877 | $8.8M | Add +1.1% |
| UNP Union Pacific Corp. | 1.64% | 35,418 | $8.7M | Reduce -2.4% |
| NEE Nextera Energy Inc. | 1.64% | 136,225 | $8.7M | Add +1.2% |
| SYK Stryker Corp. | 1.57% | 23,278 | $8.3M | Reduce -1.2% |
| NANR Sta STR SP S&P Nor An Res-Ui | 1.37% | 133,421 | $7.3M | Add +2.3% |
| HD Home Depot Inc. | 1.37% | 18,881 | $7.2M | Reduce -1.1% |
| JPM JPMorgan Chase & Co. | 1.33% | 35,128 | $7.0M | Reduce -1.7% |
| HON Honeywell International Inc. | 1.28% | 33,182 | $6.8M | Reduce -1.0% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 1.25% | 98,230 | $6.6M | Reduce -0.5% |
| ADI Analog Devices Inc. | 1.25% | 33,389 | $6.6M | Add +3.8% |
| ABBV Abbvie Inc. | 1.23% | 35,937 | $6.5M | Reduce -0.9% |
| BBUS JPMorgan Betabuilders US Equ | 1.22% | 68,197 | $6.4M | Add +64.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.14% | 14,305 | $6.0M | Reduce -1.1% |
| TMO Thermo Fisher Scientific Inc. | 1.10% | 10,062 | $5.8M | Reduce -1.1% |
| BAB Invesco Taxable Municipal Bo | 1.07% | 213,932 | $5.7M | Add +5.6% |
| COST Costco Wholesale Corp. | 1.04% | 7,492 | $5.5M | Reduce -1.5% |
| FBND Fidelity Total Bond ETF | 1.03% | 120,558 | $5.5M | Add +17.8% |
| NVDA Nvidia Corp. | 1.01% | 5,948 | $5.4M | Reduce -1.7% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 1.00% | 5,194 | $5.3M | Reduce -1.4% |
| ITW Illinois Tool Works | 0.99% | 19,545 | $5.2M | Reduce -0.4% |
| COWZ Pacer US Cash Cows 100 ETF | 0.90% | 81,932 | $4.8M | Add +2.0% |
| ABT Abbott Laboratories | 0.87% | 40,709 | $4.6M | Reduce -8.9% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.86% | 90,133 | $4.6M | Add +1.9% |
| ROP Roper Technologies Inc. | 0.84% | 7,909 | $4.4M | Reduce -1.2% |
| ICE Intercontinental Exchange Inc. | 0.83% | 32,030 | $4.4M | Reduce -0.9% |
| IVV iShares Core S&P 500 ETF | 0.82% | 8,283 | $4.4M | Reduce -1.4% |
| XLC SS Comm Select Sector SPDR | 0.80% | 51,644 | $4.2M | Add +493.2% |
| MA Mastercard Inc. Class A | 0.76% | 8,354 | $4.0M | Reduce -4.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.75% | 8,994 | $4.0M | Add +3.4% |
| VIG Vanguard Dividend Apprec ETF | 0.70% | 20,253 | $3.7M | Add +9.0% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.69% | 71,763 | $3.7M | Reduce -16.0% |
| MRK Merck & Co. Inc. | 0.66% | 26,670 | $3.5M | Add +0.1% |
| AMT American Tower Corp. | 0.59% | 15,720 | $3.1M | Add +5.8% |
| ACN Accenture PLC Class A | 0.56% | 8,566 | $3.0M | Reduce -0.7% |
| JNJ Johnson & Johnson | 0.54% | 18,212 | $2.9M | Reduce -10.8% |
| ADP Automatic Data Processing | 0.45% | 9,605 | $2.4M | No change |
| IQLT iShares MSCI International Q | 0.45% | 60,048 | $2.4M | Add +21.5% |
| XOM Exxon Mobil Corp. | 0.41% | 18,722 | $2.2M | Reduce -1.3% |
| CRM Salesforce Inc. | 0.39% | 6,896 | $2.1M | Add +0.8% |
| XLV SS Health Care Select Sector | 0.33% | 11,673 | $1.7M | Add +3.3% |
| LMT Lockheed Martin Corp. | 0.31% | 3,572 | $1.6M | Add +4.6% |
| TSLA Tesla Inc. | 0.30% | 9,126 | $1.6M | Add +11.7% |
| IYK iShares US Consumer Staples | 0.29% | 22,618 | $1.5M | Add +1.6% |
| IBTE iShares Ibonds Dec 2024 Term | 0.26% | 56,811 | $1.4M | Reduce -5.8% |
| PNC PNC Financial Services Group | 0.26% | 8,399 | $1.4M | Reduce -0.2% |
| SUSC iShares ESG Aware Usd Corpor | 0.25% | 57,138 | $1.3M | Add +1.6% |
| CVX Chevron Corp. | 0.25% | 8,304 | $1.3M | Reduce -10.9% |
| WEC WEC Energy Group Inc. | 0.24% | 15,509 | $1.3M | Reduce -7.4% |
| SCHG Schwab US Large-Cap Growth | 0.23% | 13,435 | $1.2M | Add +81.6% |
| NKE Nike Inc. Class B | 0.22% | 12,475 | $1.2M | Reduce -3.4% |
| CCI Crown Castle Inc. | 0.21% | 10,596 | $1.1M | Reduce -2.9% |
| PANW Palo Alto Networks Inc. | 0.21% | 3,934 | $1.1M | Add +5.3% |
| SYY Sysco Corp. | 0.21% | 13,695 | $1.1M | Reduce -10.1% |
| GOOGL Alphabet Inc. Class A | 0.21% | 7,350 | $1.1M | Add +1.0% |
| YUM Yum! Brands Inc. | 0.19% | 7,300 | $1.0M | Reduce -16.9% |
| XLK SS Technology Select Sector | 0.19% | 4,826 | $1.0M | No change |
| VGSH Vanguard Short-Term Treasury | 0.19% | 17,263 | $1.0M | Reduce -25.2% |
| DUK Duke Energy Corp. | 0.19% | 10,273 | $994K | Reduce -6.0% |
| SPGI S&P Global Inc. | 0.18% | 2,264 | $963K | Reduce -2.8% |
| JPSE JPM Diversified RT Small Cap filed as J P MORGAN EXCHANGE TRADED F | 0.17% | 20,436 | $924K | Add +12.2% |
| SCHD Schwab US DVD Equity ETF | 0.17% | 11,377 | $917K | Add +9.3% |
| BX Blackstone Inc. | 0.17% | 6,777 | $890K | Reduce -0.2% |
| PTLC Pacer Trendpilot US Large Ca | 0.16% | 17,648 | $842K | Add +132.4% |
| AMGN Amgen Inc. | 0.15% | 2,881 | $819K | Add +37.3% |
| PXE Invesco Energy Exploration | 0.15% | 22,828 | $817K | Add +4.5% |
| GLD SPDR Gold Shares | 0.15% | 3,950 | $813K | No change |
| GIS General Mills Inc. | 0.15% | 11,477 | $803K | Reduce -21.5% |
| BMY Bristol-Myers Squibb Co. | 0.14% | 13,487 | $731K | Reduce -16.6% |
| IUSG iShares Core S&P U.S. Growth | 0.13% | 6,000 | $703K | No change |
| BSX Boston Scientific Corp. | 0.13% | 10,142 | $695K | Reduce -11.2% |
| XLE SS Energy Select Sector | 0.13% | 7,217 | $681K | Reduce -8.4% |
| BND Vanguard Total Bond Market | 0.13% | 9,287 | $674K | Add +89.8% |
| PFF iShares Preferred & Income S | 0.13% | 20,846 | $672K | Add +19.9% |
| ESGV Vanguard ESG US Stock ETF | 0.12% | 6,997 | $652K | Add +17.1% |
| FDIS Fidelity MSCI Cons Discr Ind | 0.12% | 7,729 | $637K | Add +22.6% |
| PPA Invesco Aerospace & Defense | 0.12% | 6,146 | $624K | Add +0.4% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.12% | 13,584 | $619K | Add +26.7% |
| ALL Allstate Corp. | 0.12% | 3,548 | $614K | Reduce -8.6% |
| SMLF iShares US Smallcap Equity F | 0.11% | 9,442 | $600K | New |
| CDNS Cadence Design SYS Inc. | 0.11% | 1,928 | $600K | Add +3.8% |
| ICSH iShares Ultra Short Duration | 0.11% | 11,411 | $577K | Reduce -6.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.11% | 4,664 | $571K | Reduce -52.6% |
| FUTY Fidelity MSCI US Utilities | 0.11% | 13,402 | $569K | Add +10.0% |
| VCIT Vanguard Int-Term Corporate | 0.11% | 7,002 | $564K | Reduce -1.3% |
| QQEW First TR Nasdaq-100 Sel Eq | 0.10% | 4,493 | $557K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $50K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PENNYMAC CORP (PMT 5.5 11/01/24) | NOTE 5.500%11/0 · principal | 51,000 | $50K | Add +37.8% |
Total filed on the 13F, all lines: $530.1M.
Portfolio Sells Q4 2023 → Q1 2024
| SNDR Schneider National Inc. Class B | Reduce -4.2% | 4.41% | −0.89 |
| XEL Xcel Energy Inc. | Sold out | 0.00% | −0.43 |
| GOOG Alphabet Inc. Class C | Reduce -0.6% | 3.07% | −0.21 |
| MCD McDonald's Corp. | Reduce -2.6% | 1.69% | −0.20 |
| MSFT Microsoft Corp. | Reduce -1.7% | 6.86% | −0.18 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -16.0% | 0.69% | −0.17 |
| ABT Abbott Laboratories | Reduce -8.9% | 0.87% | −0.12 |
| TRU Transunion | Sold out | 0.00% | −0.10 |
| JNJ Johnson & Johnson | Reduce -10.8% | 0.54% | −0.10 |
| UNP Union Pacific Corp. | Reduce -2.4% | 1.64% | −0.08 |
| DIS The Walt Disney Co. | Reduce -52.6% | 0.11% | −0.08 |
| VGSH Vanguard Short-Term Treasury | Reduce -25.2% | 0.19% | −0.08 |
| ACN Accenture PLC Class A | Reduce -0.7% | 0.56% | −0.07 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -43.1% | 0.09% | −0.07 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.06 |
| HON Honeywell International Inc. | Reduce -1.0% | 1.28% | −0.06 |
| V Visa Inc. Class A | Reduce -1.9% | 1.93% | −0.05 |
| ADBE Adobe Inc. | Reduce -16.0% | 0.10% | −0.05 |
| IBDP iShares Ibonds Dec 2024 Term | Sold out | 0.00% | −0.05 |
| NKE Nike Inc. Class B | Reduce -3.4% | 0.22% | −0.04 |
| KNX Knight-Swift Transportation | Sold out | 0.00% | −0.04 |
| T AT&T Inc. | Sold out | 0.00% | −0.04 |
| PM Philip Morris International | Reduce -40.1% | 0.05% | −0.04 |
| GIS General Mills Inc. | Reduce -21.5% | 0.15% | −0.04 |
| ROP Roper Technologies Inc. | Reduce -1.2% | 0.84% | −0.03 |
| YUM Yum! Brands Inc. | Reduce -16.9% | 0.19% | −0.03 |
| MDLZ Mondelez International Inc. Class A | Reduce -25.8% | 0.06% | −0.03 |
| ITW Illinois Tool Works | Reduce -0.4% | 0.99% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -0.4% | 2.07% | −0.03 |
| IBTE iShares Ibonds Dec 2024 Term | Reduce -5.8% | 0.26% | −0.03 |
| CVX Chevron Corp. | Reduce -10.9% | 0.25% | −0.03 |
| WEC WEC Energy Group Inc. | Reduce -7.4% | 0.24% | −0.02 |
| SPGI S&P Global Inc. | Reduce -2.8% | 0.18% | −0.02 |
| CCI Crown Castle Inc. | Reduce -2.9% | 0.21% | −0.02 |
| BMY Bristol-Myers Squibb Co. | Reduce -16.6% | 0.14% | −0.02 |
| D Dominion Energy Inc. | Reduce -21.9% | 0.08% | −0.02 |
| DUK Duke Energy Corp. | Reduce -6.0% | 0.19% | −0.02 |
| GPC Genuine Parts Co. | Reduce -18.4% | 0.10% | −0.02 |
| SYY Sysco Corp. | Reduce -10.1% | 0.21% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -3.8% | 0.10% | −0.02 |
| SUSB iShares ESG Aware 1-5 Year U | Reduce -10.9% | 0.09% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -7.1% | 0.10% | −0.01 |
| ICSH iShares Ultra Short Duration | Reduce -6.2% | 0.11% | −0.01 |
| GD General Dynamics Corp. | Reduce -13.9% | 0.08% | −0.01 |
| IBMO iShares Ibonds Dec 2026 Term | Reduce -15.2% | 0.04% | −0.01 |
| PFE Pfizer Inc. | Reduce -13.2% | 0.05% | −0.01 |
| SBUX Starbucks Corp. | Reduce -2.1% | 0.09% | −0.01 |
| FIVE Five Below | Reduce -0.9% | 0.07% | −0.01 |
| BSX Boston Scientific Corp. | Reduce -11.2% | 0.13% | −0.01 |
| AEP American Electric Power | Reduce -17.8% | 0.04% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| XLC SS Comm Select Sector SPDR | Add +493.2% | 0.80% | +0.66 |
| BBUS JPMorgan Betabuilders US Equ | Add +64.3% | 1.22% | +0.49 |
| AVGO Broadcom Inc. | Add +0.1% | 2.92% | +0.13 |
| GOVT iShares US Treasury Bond ETF | Add +8.4% | 4.18% | +0.13 |
| NANR Sta STR SP S&P Nor An Res-Ui | Add +2.3% | 1.37% | +0.13 |
| SMLF iShares US Smallcap Equity F | New | 0.11% | +0.11 |
| SCHG Schwab US Large-Cap Growth | Add +81.6% | 0.23% | +0.11 |
| FBND Fidelity Total Bond ETF | Add +17.8% | 1.03% | +0.11 |
| PTLC Pacer Trendpilot US Large Ca | Add +132.4% | 0.16% | +0.09 |
| VOO Vanguard S&P 500 ETF | New | 0.09% | +0.09 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +6.8% | 4.61% | +0.09 |
| IQLT iShares MSCI International Q | Add +21.5% | 0.45% | +0.08 |
| NEE Nextera Energy Inc. | Add +1.2% | 1.64% | +0.08 |
| COWZ Pacer US Cash Cows 100 ETF | Add +2.0% | 0.90% | +0.07 |
| VEA Vanguard Ftse Developed ETF | New | 0.07% | +0.07 |
| HYMB SS SPDR N Ice HY Muni ETF | New | 0.06% | +0.06 |
| VIG Vanguard Dividend Apprec ETF | Add +9.0% | 0.70% | +0.06 |
| PYLD PIMCO Multisector Bond Actv | New | 0.06% | +0.06 |
| BND Vanguard Total Bond Market | Add +89.8% | 0.13% | +0.06 |
| FLOT iShares Floating Rate Bond E | New | 0.05% | +0.05 |
| PTNQ Pacer Trendpilot 100 ETF | New | 0.05% | +0.05 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | Add +1.1% | 1.65% | +0.05 |
| TDG Transdigm Group Inc. | New | 0.04% | +0.04 |
| IRM Iron Mountain Inc. | New | 0.04% | +0.04 |
| QCOM Qualcomm Inc. | New | 0.04% | +0.04 |
| IBDU iShares Ibonds Dec 2029 Term | New | 0.04% | +0.04 |
| IFRA iShares US Infrastructure | New | 0.04% | +0.04 |
| IEO iShares U.S. Oil & Gas Explo | New | 0.04% | +0.04 |
| MIDD Middleby Corp. | New | 0.04% | +0.04 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | New | 0.04% | +0.04 |
| RTX RTX Corp. | New | 0.04% | +0.04 |
| GCOW Pacer Global Cash Cows Divid | New | 0.04% | +0.04 |
| MRK Merck & Co. Inc. | Add +0.1% | 0.66% | +0.03 |
| AMGN Amgen Inc. | Add +37.3% | 0.15% | +0.02 |
| FDIS Fidelity MSCI Cons Discr Ind | Add +22.6% | 0.12% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +3.4% | 0.75% | +0.02 |
| PXE Invesco Energy Exploration | Add +4.5% | 0.15% | +0.02 |
| PEP Pepsico Inc. | Add +1.8% | 1.96% | +0.02 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +26.7% | 0.12% | +0.02 |
| ESGV Vanguard ESG US Stock ETF | Add +17.1% | 0.12% | +0.02 |
| META Meta Platforms Inc. Class A | Add +15.4% | 0.08% | +0.02 |
| JPSE JPM Diversified RT Small Cap | Add +12.2% | 0.17% | +0.02 |
| PFF iShares Preferred & Income S | Add +19.9% | 0.13% | +0.02 |
| LMT Lockheed Martin Corp. | Add +4.6% | 0.31% | +0.02 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +35.1% | 0.07% | +0.02 |
| VMBS Vanguard Mortgage-Backed Sec | Add +26.3% | 0.09% | +0.02 |
| SCHD Schwab US DVD Equity ETF | Add +9.3% | 0.17% | +0.01 |
| XLV SS Health Care Select Sector | Add +3.3% | 0.33% | +0.01 |
| FDVV Fidelity High Dividend ETF | Add +26.3% | 0.06% | +0.01 |
| CRM Salesforce Inc. | Add +0.8% | 0.39% | +0.01 |
Notes & Other Activity Q4 2023 → Q1 2024
| PENNYMAC CORP (PMT 5.5 11/01/24) | NOTE 5.500%11/0 · principal | Add +37.8% | 51,000 | $50K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 215 | $643.3M | AAPL, MSFT, GOOG, AVGO, SNDR |
| Q1 2026 | 211 | $594.6M | AAPL, MSFT, GOOG, AVGO, IGIB |
| Q4 2025 | 194 | $614.8M | AAPL, MSFT, AVGO, GOOG, IGIB |
| Q3 2025 | 199 | $605.1M | MSFT, AAPL, AVGO, IGIB, GOOG |
| Q2 2025 | 187 | $578.4M | MSFT, AAPL, AVGO, IGIB, SNDR |
| Q1 2025 | 184 | $546.0M | AAPL, MSFT, IGIB, GOVT, SNDR |
| Q4 2024 | 184 | $576.5M | AAPL, MSFT, AVGO, SNDR, IGIB |
| Q3 2024 | 187 | $579.2M | MSFT, AAPL, IGIB, SNDR, GOVT |
| Q2 2024 | 181 | $547.4M | MSFT, AAPL, IGIB, SNDR, GOVT |
| Q1 2024 | 179 | $530.0M | MSFT, AAPL, IGIB, SNDR, GOVT |