Schmidt P J Investment Management Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 27, 2025), Schmidt P J Investment Management Inc. reported 184 stock positions worth $576.5 million. Its top holding was Apple (AAPL) at 6.7% of the portfolio, followed by Microsoft (MSFT, 6.2%) and Broadcom (AVGO, 4.5%). Compared with Q3 2024, it opened 3 new positions, sold out of 6, added to 52 and reduced 91. The biggest buy was SS Comm Select Sector SPDR (XLC, shares +19%) and the biggest sale Unitedhealth (UNH, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- CEDARBURG, WI
- CIK
- 0001008895
- Portfolio Value
- $576.5M (Q4 2024)
- SEC Filing
- 0001008895-25-000001 ↗ filed Jan 27, 2025
Holdings Value
Holdings 184 stocks · $576.5M
| AAPL Apple Inc. | 6.74% | 155,096 | $38.8M | Reduce -2.3% |
| MSFT Microsoft Corp. | 6.25% | 85,454 | $36.0M | Reduce -1.3% |
| AVGO Broadcom Inc. | 4.51% | 112,044 | $26.0M | Reduce -3.7% |
| SNDR Schneider National Inc. Class B | 4.45% | 875,783 | $25.6M | Reduce -3.6% |
| IGIB iShares 5-10Y Inv Grade Corp. | 4.41% | 493,394 | $25.4M | Add +1.1% |
| GOVT iShares US Treasury Bond ETF | 4.21% | 1,055,825 | $24.3M | Add +2.4% |
| GOOG Alphabet Inc. Class C | 3.34% | 101,219 | $19.3M | Reduce -3.5% |
| AMZN Amazon.com Inc. | 2.86% | 75,225 | $16.5M | Reduce -2.3% |
| LLY Eli Lilly & Co. | 2.61% | 19,488 | $15.0M | Add +1.8% |
| UNH Unitedhealth Group Inc. | 2.18% | 24,823 | $12.6M | Reduce -2.8% |
| V Visa Inc. Class A | 1.93% | 35,201 | $11.1M | Reduce -3.0% |
| PG The Procter & Gamble Co. | 1.89% | 65,030 | $10.9M | Reduce -1.3% |
| BLK BlackRock Inc. | 1.84% | 10,347 | $10.6M | Reduce -2.9% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 1.79% | 48,568 | $10.3M | Reduce -2.3% |
| NEE Nextera Energy Inc. | 1.55% | 124,973 | $9.0M | Add +0.2% |
| MCD McDonald's Corp. | 1.53% | 30,344 | $8.8M | Reduce -1.8% |
| PEP Pepsico Inc. | 1.48% | 56,053 | $8.5M | Reduce -1.5% |
| BBUS JPMorgan Betabuilders US Equ | 1.45% | 78,819 | $8.3M | Add +3.3% |
| JPM JPMorgan Chase & Co. | 1.40% | 33,607 | $8.1M | Reduce -3.6% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 1.39% | 338,780 | $8.0M | Add +3.7% |
| SYK Stryker Corp. | 1.36% | 21,734 | $7.8M | Reduce -1.3% |
| UNP Union Pacific Corp. | 1.28% | 32,389 | $7.4M | Reduce -2.5% |
| ADI Analog Devices Inc. | 1.28% | 34,690 | $7.4M | Add +2.2% |
| HD Home Depot Inc. | 1.25% | 18,531 | $7.2M | Reduce -0.6% |
| NVDA Nvidia Corp. | 1.25% | 53,613 | $7.2M | Reduce -4.8% |
| XLC SS Comm Select Sector SPDR | 1.23% | 73,104 | $7.1M | Add +18.8% |
| HON Honeywell International Inc. | 1.19% | 30,401 | $6.9M | Reduce -4.4% |
| COST Costco Wholesale Corp. | 1.16% | 7,298 | $6.7M | Reduce -1.1% |
| FBND Fidelity Total Bond ETF | 1.14% | 146,824 | $6.6M | Add +5.1% |
| NANR Sta STR SP S&P Nor An Res-Ui | 1.11% | 125,239 | $6.4M | Reduce -1.6% |
| ABBV Abbvie Inc. | 1.07% | 34,793 | $6.2M | Reduce -0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.07% | 13,593 | $6.2M | Reduce -0.3% |
| BAB Invesco Taxable Municipal Bo | 1.06% | 232,709 | $6.1M | Add +1.2% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.96% | 5,253 | $5.5M | Reduce -0.9% |
| IYW iShares Ustechnology ETF | 0.90% | 32,607 | $5.2M | Add +7.6% |
| TMO Thermo Fisher Scientific Inc. | 0.85% | 9,369 | $4.9M | Reduce -4.5% |
| IVV iShares Core S&P 500 ETF | 0.82% | 8,046 | $4.7M | Reduce -0.2% |
| ITW Illinois Tool Works | 0.82% | 18,623 | $4.7M | Reduce -1.6% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.82% | 94,118 | $4.7M | Add +0.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.80% | 8,994 | $4.6M | No change |
| MA Mastercard Inc. Class A | 0.76% | 8,302 | $4.4M | Reduce -0.7% |
| ICE Intercontinental Exchange Inc. | 0.74% | 28,608 | $4.3M | Reduce -2.3% |
| ABT Abbott Laboratories | 0.70% | 35,466 | $4.0M | Reduce -6.0% |
| ROP Roper Technologies Inc. | 0.65% | 7,176 | $3.7M | Reduce -1.6% |
| COWZ Pacer US Cash Cows 100 ETF | 0.64% | 65,566 | $3.7M | Reduce -4.4% |
| VIG Vanguard Dividend Apprec ETF | 0.62% | 18,116 | $3.5M | Reduce -0.6% |
| TSLA Tesla Inc. | 0.59% | 8,471 | $3.4M | Reduce -3.7% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.53% | 58,614 | $3.0M | Reduce -1.9% |
| ADP Automatic Data Processing | 0.47% | 9,314 | $2.7M | Reduce -1.1% |
| AMT American Tower Corp. | 0.47% | 14,777 | $2.7M | No change |
| MRK Merck & Co. Inc. | 0.46% | 26,735 | $2.7M | Add +0.2% |
| IQLT iShares MSCI International Q | 0.43% | 66,986 | $2.5M | Add +3.9% |
| JNJ Johnson & Johnson | 0.40% | 16,132 | $2.3M | Reduce -2.8% |
| CRM Salesforce Inc. | 0.36% | 6,293 | $2.1M | Reduce -9.3% |
| SCHG Schwab US Large-Cap Growth | 0.34% | 70,761 | $2.0M | Add +0.1% |
| XOM Exxon Mobil Corp. | 0.34% | 18,177 | $2.0M | Reduce -2.1% |
| LMT Lockheed Martin Corp. | 0.31% | 3,620 | $1.8M | Add +0.2% |
| PANW Palo Alto Networks Inc. | 0.26% | 8,238 | $1.5M | Add +0.7% |
| IYK iShares US Consumer Staples | 0.25% | 21,766 | $1.4M | Reduce -0.5% |
| SUSC iShares ESG Aware Usd Corpor | 0.24% | 61,512 | $1.4M | Add +4.6% |
| GOOGL Alphabet Inc. Class A | 0.24% | 7,373 | $1.4M | Add +0.7% |
| SMLF iShares US Smallcap Equity F | 0.23% | 19,748 | $1.3M | Add +10.1% |
| WEC WEC Energy Group Inc. | 0.22% | 13,230 | $1.2M | No change |
| PNC PNC Financial Services Group | 0.21% | 6,279 | $1.2M | Reduce -1.9% |
| XLK SS Technology Select Sector | 0.21% | 5,123 | $1.2M | Reduce -2.0% |
| BX Blackstone Inc. | 0.20% | 6,658 | $1.1M | Reduce -1.4% |
| CVX Chevron Corp. | 0.19% | 7,464 | $1.1M | Reduce -4.8% |
| JPSE JPM Diversified RT Small Cap filed as J P MORGAN EXCHANGE TRADED F | 0.18% | 22,435 | $1.1M | Add +2.1% |
| SPGI S&P Global Inc. | 0.18% | 2,070 | $1.0M | Reduce -2.4% |
| MUB iShares National Muni Bond E | 0.18% | 9,576 | $1.0M | Add +15.8% |
| PTLC Pacer Trendpilot US Large Ca | 0.18% | 18,909 | $1.0M | Reduce -1.4% |
| FDVV Fidelity High Dividend ETF | 0.17% | 20,134 | $1.0M | Add +3.1% |
| FDIS Fidelity MSCI Cons Discr Ind | 0.17% | 10,134 | $988K | Add +6.3% |
| YUM Yum! Brands Inc. | 0.17% | 7,300 | $979K | No change |
| PPA Invesco Aerospace & Defense | 0.17% | 8,498 | $975K | Add +16.9% |
| XLV SS Health Care Select Sector | 0.17% | 7,021 | $966K | Reduce -21.1% |
| GLD SPDR Gold Shares | 0.17% | 3,950 | $956K | No change |
| SYY Sysco Corp. | 0.16% | 12,300 | $940K | Reduce -3.0% |
| BND Vanguard Total Bond Market | 0.16% | 12,695 | $913K | Add +9.8% |
| BSX Boston Scientific Corp. | 0.15% | 9,960 | $890K | Reduce -2.3% |
| SCHD Schwab US DVD Equity ETF | 0.15% | 32,053 | $876K | Reduce -10.7% |
| IUSG iShares Core S&P U.S. Growth | 0.14% | 6,000 | $836K | No change |
| NKE Nike Inc. Class B | 0.14% | 10,712 | $811K | Reduce -5.8% |
| PFF iShares Preferred & Income S | 0.14% | 25,192 | $792K | Add +4.3% |
| DUK Duke Energy Corp. | 0.13% | 7,103 | $765K | Reduce -0.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.13% | 1,891 | $762K | Reduce -6.4% |
| CGMS Cap Group US Multi-Sect Bond | 0.13% | 27,395 | $747K | Add +51.4% |
| AMGN Amgen Inc. | 0.13% | 2,793 | $728K | Reduce -2.9% |
| GIS General Mills Inc. | 0.12% | 11,277 | $719K | No change |
| IGM iShares Expanded Tech Sector | 0.12% | 6,901 | $705K | Reduce -0.3% |
| ESGV Vanguard ESG US Stock ETF | 0.12% | 6,695 | $702K | Reduce -5.5% |
| CCI Crown Castle Inc. | 0.12% | 7,558 | $686K | Reduce -13.2% |
| XLE SS Energy Select Sector | 0.11% | 7,649 | $655K | Reduce -2.7% |
| PYLD PIMCO Multisector Bond Actv | 0.11% | 25,178 | $653K | Add +10.6% |
| ALL Allstate Corp. | 0.11% | 3,372 | $650K | Reduce -0.8% |
| PXE Invesco Energy Exploration | 0.11% | 20,921 | $619K | Add +1.6% |
| FUTY Fidelity MSCI US Utilities | 0.11% | 12,627 | $616K | Reduce -1.1% |
| VMBS Vanguard Mortgage-Backed Sec | 0.11% | 13,439 | $609K | No change |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.10% | 13,369 | $604K | Reduce -3.2% |
| CDNS Cadence Design SYS Inc. | 0.10% | 1,988 | $597K | Add +4.3% |
Portfolio Sells Q3 2024 → Q4 2024
| UNH Unitedhealth Group Inc. | Reduce -2.8% | 2.18% | −0.40 |
| TMO Thermo Fisher Scientific Inc. | Reduce -4.5% | 0.85% | −0.20 |
| IBTE iShares Ibonds Dec 2024 Term | Sold out | 0.00% | −0.20 |
| PEP Pepsico Inc. | Reduce -1.5% | 1.48% | −0.19 |
| MSFT Microsoft Corp. | Reduce -1.3% | 6.25% | −0.19 |
| NANR Sta STR SP S&P Nor An Res-Ui | Reduce -1.6% | 1.11% | −0.13 |
| UNP Union Pacific Corp. | Reduce -2.5% | 1.28% | −0.13 |
| ABBV Abbvie Inc. | Reduce -0.6% | 1.07% | −0.12 |
| MCD McDonald's Corp. | Reduce -1.8% | 1.53% | −0.10 |
| PG The Procter & Gamble Co. | Reduce -1.3% | 1.89% | −0.08 |
| ICE Intercontinental Exchange Inc. | Reduce -2.3% | 0.74% | −0.07 |
| XLV SS Health Care Select Sector | Reduce -21.1% | 0.17% | −0.07 |
| JNJ Johnson & Johnson | Reduce -2.8% | 0.40% | −0.06 |
| CCI Crown Castle Inc. | Reduce -13.2% | 0.12% | −0.06 |
| ROP Roper Technologies Inc. | Reduce -1.6% | 0.65% | −0.05 |
| HD Home Depot Inc. | Reduce -0.6% | 1.25% | −0.05 |
| FIS Fidelity National Info Serv | Sold out | 0.00% | −0.05 |
| ABT Abbott Laboratories | Reduce -6.0% | 0.70% | −0.05 |
| DHR Danaher Corp. | Reduce -39.9% | 0.04% | −0.04 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.04 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -4.4% | 0.64% | −0.04 |
| ITW Illinois Tool Works | Reduce -1.6% | 0.82% | −0.04 |
| TRU Transunion | Sold out | 0.00% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -2.1% | 0.34% | −0.04 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.04 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.04 |
| AMGN Amgen Inc. | Reduce -2.9% | 0.13% | −0.03 |
| NKE Nike Inc. Class B | Reduce -5.8% | 0.14% | −0.03 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -6.4% | 0.13% | −0.03 |
| SNDR Schneider National Inc. Class B | Reduce -3.6% | 4.45% | −0.03 |
| KO The Coca-Cola Co. | Reduce -36.3% | 0.04% | −0.03 |
| SCHD Schwab US DVD Equity ETF | Reduce -10.7% | 0.15% | −0.02 |
| ADBE Adobe Inc. | Reduce -10.3% | 0.07% | −0.02 |
| IYK iShares US Consumer Staples | Reduce -0.5% | 0.25% | −0.02 |
| VGSH Vanguard Short-Term Treasury | Reduce -21.1% | 0.07% | −0.02 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -1.9% | 0.53% | −0.02 |
| SYK Stryker Corp. | Reduce -1.3% | 1.36% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.3% | 1.07% | −0.01 |
| GPC Genuine Parts Co. | Reduce -2.3% | 0.06% | −0.01 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -11.2% | 0.08% | −0.01 |
| CVX Chevron Corp. | Reduce -4.8% | 0.19% | −0.01 |
| SPGI S&P Global Inc. | Reduce -2.4% | 0.18% | −0.01 |
| DUK Duke Energy Corp. | Reduce -0.7% | 0.13% | −0.01 |
| ZTS Zoetis Inc. | Reduce -4.4% | 0.04% | −0.01 |
| FHLC Fidelity MSCI Health Care | Reduce -3.0% | 0.07% | −0.01 |
| AEP American Electric Power | Reduce -11.9% | 0.04% | −0.01 |
| MBB iShares MBS ETF | Reduce -8.0% | 0.07% | −0.01 |
| NUDM Nuveen ESG Intl Devel MRK Eq | Reduce -2.5% | 0.06% | −0.01 |
| PTNQ Pacer Trendpilot 100 ETF | Reduce -20.0% | 0.03% | −0.01 |
| SYY Sysco Corp. | Reduce -3.0% | 0.16% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| XLC SS Comm Select Sector SPDR | Add +18.8% | 1.23% | +0.27 |
| IYW iShares Ustechnology ETF | Add +7.6% | 0.90% | +0.11 |
| BBUS JPMorgan Betabuilders US Equ | Add +3.3% | 1.45% | +0.08 |
| PRN Invesco Dorsey Wright Indus | New | 0.05% | +0.05 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +3.7% | 1.39% | +0.04 |
| CGMS Cap Group US Multi-Sect Bond | Add +51.4% | 0.13% | +0.04 |
| FBCG Fidelity Blue Chip Grow ETF | New | 0.04% | +0.04 |
| NSEP Innovator G100 PB ETF-Sep | New | 0.04% | +0.04 |
| GOVT iShares US Treasury Bond ETF | Add +2.4% | 4.21% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +0.7% | 0.24% | +0.03 |
| SMLF iShares US Smallcap Equity F | Add +10.1% | 0.23% | +0.03 |
| FDIS Fidelity MSCI Cons Discr Ind | Add +6.3% | 0.17% | +0.03 |
| PPA Invesco Aerospace & Defense | Add +16.9% | 0.17% | +0.02 |
| SCHG Schwab US Large-Cap Growth | Add +0.1% | 0.34% | +0.02 |
| MUB iShares National Muni Bond E | Add +15.8% | 0.18% | +0.02 |
| COWG Pacer US LRG Cap Cows GR LD | Add +14.0% | 0.10% | +0.02 |
| PANW Palo Alto Networks Inc. | Add +0.7% | 0.26% | +0.02 |
| FBND Fidelity Total Bond ETF | Add +5.1% | 1.14% | +0.02 |
| CDNS Cadence Design SYS Inc. | Add +4.3% | 0.10% | +0.01 |
| IBTJ iShares Ibonds Dec 2029 Term | Add +29.5% | 0.07% | +0.01 |
| XLF SS Financial Select Sector | Add +12.7% | 0.05% | +0.01 |
| PYLD PIMCO Multisector Bond Actv | Add +10.6% | 0.11% | +0.01 |
| BND Vanguard Total Bond Market | Add +9.8% | 0.16% | +0.01 |
| IAU iShares Gold Trust | Add +19.1% | 0.05% | +0.01 |
| IBTF iShares Ibonds Dec 2025 Term | Add +8.9% | 0.08% | +0.01 |
| FIDU Fidelity MSCI Indust Indx | Add +8.5% | 0.08% | +0.00 |
| FDVV Fidelity High Dividend ETF | Add +3.1% | 0.17% | +0.00 |
| IBM Intl Business Machines Corp. | Add +5.3% | 0.08% | +0.00 |
| SMH Vaneck Semiconductor ETF | Add +8.2% | 0.05% | +0.00 |
| PXE Invesco Energy Exploration | Add +1.6% | 0.11% | +0.00 |
| MO Altria Group Inc. | Add +0.0% | 0.07% | +0.00 |
| ICSH iShares Ultra Short Duration | Add +2.5% | 0.09% | +0.00 |
| META Meta Platforms Inc. Class A | Add +0.2% | 0.06% | +0.00 |
| SUSC iShares ESG Aware Usd Corpor | Add +4.6% | 0.24% | +0.00 |
| JPSE JPM Diversified RT Small Cap | Add +2.1% | 0.18% | 0.00 |
| HYMB SS SPDR N Ice HY Muni ETF | Add +2.2% | 0.08% | 0.00 |
| SUSB iShares ESG Aware 1-5 Year U | Add +1.2% | 0.09% | −0.00 |
| PM Philip Morris International | Add +0.0% | 0.06% | −0.00 |
| IBDR iShares Ibonds Dec 2026 Term | Add +0.1% | 0.06% | −0.00 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +1.4% | 0.06% | −0.00 |
| IBDU iShares Ibonds Dec 2029 Term | Add +1.5% | 0.05% | −0.00 |
| GCOW Pacer Global Cash Cows Divid | Add +5.9% | 0.04% | −0.00 |
| TDG Transdigm Group Inc. | Add +10.5% | 0.05% | −0.00 |
| PFF iShares Preferred & Income S | Add +4.3% | 0.14% | −0.00 |
| GD General Dynamics Corp. | Add +2.5% | 0.07% | −0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +0.3% | 0.82% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Add +0.0% | 0.05% | −0.01 |
| IQLT iShares MSCI International Q | Add +3.9% | 0.43% | −0.03 |
| BAB Invesco Taxable Municipal Bo | Add +1.2% | 1.06% | −0.04 |
| LMT Lockheed Martin Corp. | Add +0.2% | 0.31% | −0.06 |
Notes & Other Activity Q3 2024 → Q4 2024
| PENNYMAC CORP (PMT 5.5 11/01/24) | NOTE 5.500%11/0 · principal | Sold out | 51,000 | $51Kbefore exit |
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 |