Schmidt P J Investment Management Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 1, 2025), Schmidt P J Investment Management Inc. reported 187 stock positions worth $578.4 million. Its top holding was Microsoft (MSFT) at 7.3% of the portfolio, followed by Apple (AAPL, 5.5%) and Broadcom (AVGO, 5.1%). Compared with Q1 2025, it opened 16 new positions, sold out of 13, added to 72 and reduced 71. The biggest buy was Nvidia (NVDA, shares +42%) and the biggest sale Unitedhealth (UNH, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- CEDARBURG, WI
- CIK
- 0001008895
- Portfolio Value
- $578.4M (Q2 2025)
- SEC Filing
- 0001008895-25-000006 ↗ filed Aug 1, 2025
Holdings Value
Holdings 187 stocks · $578.4M
| MSFT Microsoft Corp. | 7.27% | 84,576 | $42.1M | Reduce -1.7% |
| AAPL Apple Inc. | 5.55% | 156,323 | $32.1M | Add +1.9% |
| AVGO Broadcom Inc. | 5.12% | 107,330 | $29.6M | Reduce -3.3% |
| IGIB iShares 5-10Y Inv Grade Corp. | 4.83% | 524,664 | $28.0M | Add +6.3% |
| SNDR Schneider National Inc. Class B | 3.63% | 868,783 | $21.0M | Reduce -0.8% |
| GOVT iShares US Treasury Bond ETF | 3.35% | 844,293 | $19.4M | Reduce -20.2% |
| GOOG Alphabet Inc. Class C | 3.31% | 107,829 | $19.1M | Reduce 0.0% |
| AMZN Amazon.com Inc. | 2.93% | 77,278 | $17.0M | Add +2.3% |
| LLY Eli Lilly & Co. | 2.66% | 19,764 | $15.4M | Add +2.5% |
| V Visa Inc. Class A | 2.14% | 34,831 | $12.4M | Add +1.3% |
| NVDA Nvidia Corp. | 2.09% | 76,411 | $12.1M | Add +42.2% |
| BLK BlackRock Inc. | 1.87% | 10,302 | $10.8M | Add +0.0% |
| PG The Procter & Gamble Co. | 1.79% | 64,988 | $10.4M | Add +0.2% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 1.72% | 44,118 | $9.9M | Reduce -4.1% |
| JPM JPMorgan Chase & Co. | 1.67% | 33,248 | $9.6M | Reduce -0.1% |
| SYK Stryker Corp. | 1.53% | 22,441 | $8.9M | Add +4.8% |
| XLC SS Comm Select Sector SPDR | 1.51% | 80,515 | $8.7M | Add +6.2% |
| BBUS JPMorgan Betabuilders US Equ | 1.51% | 78,025 | $8.7M | Reduce -0.7% |
| NEE Nextera Energy Inc. | 1.49% | 124,002 | $8.6M | Reduce -1.0% |
| MCD McDonald's Corp. | 1.44% | 28,524 | $8.3M | Reduce -1.3% |
| ADI Analog Devices Inc. | 1.41% | 34,380 | $8.2M | Reduce -0.5% |
| FBND Fidelity Total Bond ETF | 1.41% | 177,703 | $8.1M | Add +15.0% |
| COST Costco Wholesale Corp. | 1.34% | 7,849 | $7.8M | Add +2.6% |
| PEP Pepsico Inc. | 1.23% | 53,768 | $7.1M | Reduce -3.8% |
| UNP Union Pacific Corp. | 1.18% | 29,588 | $6.8M | Reduce -5.3% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 1.13% | 267,366 | $6.6M | Reduce -18.5% |
| NANR Sta STR SP S&P Nor An Res-Ui | 1.12% | 114,694 | $6.5M | Reduce -6.0% |
| ABBV Abbvie Inc. | 1.12% | 34,748 | $6.4M | Add +1.1% |
| UNH Unitedhealth Group Inc. | 1.11% | 20,657 | $6.4M | Reduce -15.3% |
| HD Home Depot Inc. | 1.11% | 17,514 | $6.4M | Reduce -5.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.08% | 12,812 | $6.2M | Add +0.5% |
| IYW iShares Ustechnology ETF | 1.07% | 35,626 | $6.2M | Add +6.5% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 1.00% | 5,573 | $5.8M | Add +5.1% |
| HON Honeywell International Inc. | 0.98% | 24,263 | $5.7M | Reduce -17.6% |
| ICE Intercontinental Exchange Inc. | 0.86% | 27,110 | $5.0M | Reduce -1.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.86% | 8,994 | $5.0M | No change |
| IVV iShares Core S&P 500 ETF | 0.83% | 7,733 | $4.8M | Add +3.8% |
| MA Mastercard Inc. Class A | 0.79% | 8,179 | $4.6M | Reduce -1.4% |
| ABT Abbott Laboratories | 0.79% | 33,402 | $4.5M | Reduce -0.4% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.78% | 92,579 | $4.5M | Reduce -1.7% |
| CMBS iShares CMBS ETF | 0.77% | 91,204 | $4.4M | New |
| ITW Illinois Tool Works | 0.74% | 17,375 | $4.3M | Reduce -3.6% |
| ROP Roper Technologies Inc. | 0.65% | 6,651 | $3.8M | Reduce -3.0% |
| VIG Vanguard Dividend Apprec ETF | 0.53% | 14,956 | $3.1M | Reduce -15.6% |
| AMT American Tower Corp. | 0.50% | 13,175 | $2.9M | Reduce -3.0% |
| ADP Automatic Data Processing | 0.48% | 9,097 | $2.8M | Reduce -1.9% |
| IQLT iShares MSCI International Q | 0.48% | 64,445 | $2.8M | Reduce -0.5% |
| SCHG Schwab US Large-Cap Growth | 0.45% | 88,111 | $2.6M | Add +11.4% |
| ILTB iShares Core 10+ Year Usd Bo | 0.43% | 50,473 | $2.5M | New |
| JNJ Johnson & Johnson | 0.41% | 15,659 | $2.4M | Reduce -1.5% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.40% | 44,384 | $2.3M | Reduce -3.9% |
| IJH iShares Core S&P Midcap ETF | 0.35% | 32,595 | $2.0M | New |
| XOM Exxon Mobil Corp. | 0.33% | 17,814 | $1.9M | Reduce -0.3% |
| TSLA Tesla Inc. | 0.33% | 6,000 | $1.9M | Reduce -27.5% |
| MRK Merck & Co. Inc. | 0.31% | 22,831 | $1.8M | Reduce -14.6% |
| TMO Thermo Fisher Scientific Inc. | 0.31% | 4,386 | $1.8M | Reduce -48.6% |
| SMLF iShares US Smallcap Equity F | 0.30% | 25,258 | $1.7M | Add +7.9% |
| PANW Palo Alto Networks Inc. | 0.29% | 8,101 | $1.7M | Reduce -2.8% |
| FDVV Fidelity High Dividend ETF | 0.28% | 30,867 | $1.6M | Add +35.2% |
| BSX Boston Scientific Corp. | 0.27% | 14,408 | $1.5M | Add +37.0% |
| LMT Lockheed Martin Corp. | 0.27% | 3,318 | $1.5M | Reduce -0.6% |
| CRM Salesforce Inc. | 0.26% | 5,526 | $1.5M | Reduce -11.0% |
| PPA Invesco Aerospace & Defense | 0.26% | 10,588 | $1.5M | Add +9.5% |
| WEC WEC Energy Group Inc. | 0.24% | 13,182 | $1.4M | No change |
| FDIS Fidelity MSCI Cons Discr Ind | 0.23% | 14,208 | $1.3M | Add +34.0% |
| GOOGL Alphabet Inc. Class A | 0.22% | 7,323 | $1.3M | No change |
| PHYL Pgim Active High Yield Bond | 0.22% | 35,963 | $1.3M | New |
| JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F | 0.22% | 25,271 | $1.3M | New |
| PNC PNC Financial Services Group | 0.21% | 6,565 | $1.2M | Add +4.5% |
| XLK SS Technology Select Sector | 0.21% | 4,723 | $1.2M | No change |
| SUSC iShares ESG Aware Usd Corpor | 0.21% | 51,072 | $1.2M | Add +2.5% |
| BND Vanguard Total Bond Market | 0.20% | 16,058 | $1.2M | Add +26.5% |
| GLD SPDR Gold Shares | 0.20% | 3,850 | $1.2M | Reduce -2.5% |
| CVX Chevron Corp. | 0.19% | 7,675 | $1.1M | Add +9.7% |
| YUM Yum! Brands Inc. | 0.19% | 7,326 | $1.1M | Add +1.7% |
| JPSE JPM Diversified RT Small Cap filed as J P MORGAN EXCHANGE TRADED F | 0.19% | 23,697 | $1.1M | Add +3.9% |
| SPGI S&P Global Inc. | 0.19% | 2,030 | $1.1M | Reduce -0.7% |
| FENI Fidelity Enhanced Intl ETF | 0.18% | 31,598 | $1.1M | Add +283.1% |
| IBTF iShares Ibonds Dec 2025 Term | 0.17% | 43,141 | $1.0M | Add +23.2% |
| BX Blackstone Inc. | 0.17% | 6,653 | $995K | Reduce -1.7% |
| PTLC Pacer Trendpilot US Large Ca | 0.16% | 18,720 | $950K | Reduce -8.5% |
| VRTX Vertex Pharmaceuticals Inc. | 0.16% | 2,082 | $927K | Add +7.8% |
| IUSG iShares Core S&P U.S. Growth | 0.16% | 6,000 | $902K | No change |
| FBCG Fidelity Blue Chip Grow ETF | 0.15% | 17,744 | $856K | Add +219.6% |
| FVAL Fidelity Value Factor ETF | 0.15% | 13,335 | $852K | Add +185.0% |
| CGMS Cap Group US Multi-Sect Bond | 0.14% | 29,217 | $807K | Reduce -0.3% |
| SYY Sysco Corp. | 0.13% | 10,300 | $780K | Reduce -16.3% |
| COWG Pacer US LRG Cap Cows GR LD | 0.13% | 21,786 | $765K | Add +22.7% |
| ISRG Intuitive Surgical Inc. | 0.13% | 1,397 | $759K | Add +207.0% |
| IGM iShares Expanded Tech Sector | 0.13% | 6,714 | $754K | Reduce -2.5% |
| SCHD Schwab US DVD Equity ETF | 0.13% | 28,259 | $749K | Add +0.2% |
| DUK Duke Energy Corp. | 0.13% | 6,337 | $748K | No change |
| AMGN Amgen Inc. | 0.13% | 2,602 | $727K | Reduce -4.9% |
| FLOT iShares Floating Rate Bond E | 0.13% | 14,170 | $723K | Add +33.7% |
| ALL Allstate Corp. | 0.12% | 3,447 | $694K | Add +2.2% |
| CCI Crown Castle Inc. | 0.11% | 6,467 | $664K | Reduce -6.5% |
| COWZ Pacer US Cash Cows 100 ETF | 0.11% | 11,717 | $646K | Reduce -79.7% |
| ITA iShares U.S. Aerospace & Def | 0.11% | 3,383 | $638K | Reduce -6.7% |
| ICSH iShares Ultra Short Duration | 0.11% | 12,494 | $634K | Add +31.3% |
| WMT Walmart Inc. | 0.11% | 6,277 | $614K | Add +2.6% |
Portfolio Sells Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Reduce -15.3% | 1.11% | −1.23 |
| GOVT iShares US Treasury Bond ETF | Reduce -20.2% | 3.35% | −1.10 |
| BAB Invesco Taxable Municipal Bo | Sold out | 0.00% | −1.04 |
| TMO Thermo Fisher Scientific Inc. | Reduce -48.6% | 0.31% | −0.47 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -79.7% | 0.11% | −0.47 |
| PEP Pepsico Inc. | Reduce -3.8% | 1.23% | −0.31 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -18.5% | 1.13% | −0.28 |
| MCD McDonald's Corp. | Reduce -1.3% | 1.44% | −0.21 |
| UNP Union Pacific Corp. | Reduce -5.3% | 1.18% | −0.17 |
| HON Honeywell International Inc. | Reduce -17.6% | 0.98% | −0.17 |
| NEE Nextera Energy Inc. | Reduce -1.0% | 1.49% | −0.14 |
| HD Home Depot Inc. | Reduce -5.0% | 1.11% | −0.13 |
| MRK Merck & Co. Inc. | Reduce -14.6% | 0.31% | −0.13 |
| NANR Sta STR SP S&P Nor An Res-Ui | Reduce -6.0% | 1.12% | −0.12 |
| VIG Vanguard Dividend Apprec ETF | Reduce -15.6% | 0.53% | −0.10 |
| MUB iShares National Muni Bond E | Reduce -48.6% | 0.08% | −0.09 |
| ROP Roper Technologies Inc. | Reduce -3.0% | 0.65% | −0.09 |
| IYK iShares US Consumer Staples | Reduce -45.7% | 0.08% | −0.08 |
| ITW Illinois Tool Works | Reduce -3.6% | 0.74% | −0.08 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -1.7% | 0.78% | −0.07 |
| GPC Genuine Parts Co. | Sold out | 0.00% | −0.07 |
| JNJ Johnson & Johnson | Reduce -1.5% | 0.41% | −0.07 |
| TSLA Tesla Inc. | Reduce -27.5% | 0.33% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -0.3% | 0.33% | −0.06 |
| XLE SS Energy Select Sector | Reduce -32.3% | 0.08% | −0.06 |
| VGSH Vanguard Short-Term Treasury | Sold out | 0.00% | −0.05 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.05 |
| PFF iShares Preferred & Income S | Reduce -38.0% | 0.07% | −0.05 |
| XLV SS Health Care Select Sector | Reduce -26.6% | 0.09% | −0.05 |
| JEPI JPMorgan Equity Premium Inco | Sold out | 0.00% | −0.05 |
| GUNR NT Mstar GLBL NR ETF | Sold out | 0.00% | −0.05 |
| CRM Salesforce Inc. | Reduce -11.0% | 0.26% | −0.04 |
| BOND PIMCO Active Bond Exchange-T | Sold out | 0.00% | −0.04 |
| PTNQ Pacer Trendpilot 100 ETF | Sold out | 0.00% | −0.04 |
| IBMO iShares Ibonds Dec 2026 Term | Sold out | 0.00% | −0.04 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.04 |
| PYLD PIMCO Multisector Bond Actv | Reduce -25.6% | 0.10% | −0.04 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.04 |
| SMH Vaneck Semiconductor ETF | Sold out | 0.00% | −0.04 |
| AMT American Tower Corp. | Reduce -3.0% | 0.50% | −0.04 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -3.9% | 0.40% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -1.4% | 0.79% | −0.04 |
| SNDR Schneider National Inc. Class B | Reduce -0.8% | 3.63% | −0.04 |
| MIDD Middleby Corp. | Sold out | 0.00% | −0.04 |
| SYY Sysco Corp. | Reduce -16.3% | 0.13% | −0.03 |
| ADP Automatic Data Processing | Reduce -1.9% | 0.48% | −0.03 |
| ESGV Vanguard ESG US Stock ETF | Reduce -31.2% | 0.09% | −0.03 |
| AMGN Amgen Inc. | Reduce -4.9% | 0.13% | −0.03 |
| ABT Abbott Laboratories | Reduce -0.4% | 0.79% | −0.03 |
| PTLC Pacer Trendpilot US Large Ca | Reduce -8.5% | 0.16% | −0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +42.2% | 2.09% | +1.02 |
| CMBS iShares CMBS ETF | New | 0.77% | +0.77 |
| ILTB iShares Core 10+ Year Usd Bo | New | 0.43% | +0.43 |
| IJH iShares Core S&P Midcap ETF | New | 0.35% | +0.35 |
| AMZN Amazon.com Inc. | Add +2.3% | 2.93% | +0.30 |
| PHYL Pgim Active High Yield Bond | New | 0.22% | +0.22 |
| JMTG Mortgage-Backed Securities | New | 0.22% | +0.22 |
| IYW iShares Ustechnology ETF | Add +6.5% | 1.07% | +0.21 |
| XLC SS Comm Select Sector SPDR | Add +6.2% | 1.51% | +0.17 |
| FENI Fidelity Enhanced Intl ETF | Add +283.1% | 0.18% | +0.14 |
| FBND Fidelity Total Bond ETF | Add +15.0% | 1.41% | +0.11 |
| FBCG Fidelity Blue Chip Grow ETF | Add +219.6% | 0.15% | +0.11 |
| FVAL Fidelity Value Factor ETF | Add +185.0% | 0.15% | +0.10 |
| ISRG Intuitive Surgical Inc. | Add +207.0% | 0.13% | +0.09 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +6.3% | 4.83% | +0.08 |
| BLK BlackRock Inc. | Add +0.0% | 1.87% | +0.08 |
| NOW ServiceNow Inc. | New | 0.08% | +0.08 |
| SCHG Schwab US Large-Cap Growth | Add +11.4% | 0.45% | +0.08 |
| SYK Stryker Corp. | Add +4.8% | 1.53% | +0.08 |
| BSX Boston Scientific Corp. | Add +37.0% | 0.27% | +0.07 |
| FDVV Fidelity High Dividend ETF | Add +35.2% | 0.28% | +0.07 |
| FDIS Fidelity MSCI Cons Discr Ind | Add +34.0% | 0.23% | +0.07 |
| QDEF NT Qual Div Def ETF | New | 0.07% | +0.07 |
| IVV iShares Core S&P 500 ETF | Add +3.8% | 0.83% | +0.06 |
| PPA Invesco Aerospace & Defense | Add +9.5% | 0.26% | +0.05 |
| IBTI iShares Ibonds Dec 2028 Term | New | 0.05% | +0.05 |
| GWW WW Grainger Inc. | Add +5.1% | 1.00% | +0.04 |
| IBTH iShares Ibonds Dec 2027 Term | New | 0.04% | +0.04 |
| QCOM Qualcomm Inc. | New | 0.04% | +0.04 |
| FELC Fidelity Enh LRG Cap Cor ETF | New | 0.04% | +0.04 |
| IBMQ iShares Ibonds Dec 2028 Muni | New | 0.04% | +0.04 |
| EUSB Ishr ESG Advn Universal BD-$ | New | 0.04% | +0.04 |
| CGIE Cap Group Intl Equity | New | 0.04% | +0.04 |
| TFLO iShares Treasury Floating Ra | Add +93.9% | 0.08% | +0.04 |
| FSLR First Solar Inc. | New | 0.04% | +0.04 |
| EFIV SS SPDR S&P 500 ESG ETF | New | 0.04% | +0.04 |
| BND Vanguard Total Bond Market | Add +26.5% | 0.20% | +0.03 |
| COWG Pacer US LRG Cap Cows GR LD | Add +22.7% | 0.13% | +0.03 |
| SMLF iShares US Smallcap Equity F | Add +7.9% | 0.30% | +0.03 |
| XLF SS Financial Select Sector | Add +52.4% | 0.08% | +0.03 |
| FLOT iShares Floating Rate Bond E | Add +33.7% | 0.13% | +0.03 |
| ORCL Oracle Corp. | Add +3.2% | 0.07% | +0.03 |
| IBTF iShares Ibonds Dec 2025 Term | Add +23.2% | 0.17% | +0.02 |
| ICSH iShares Ultra Short Duration | Add +31.3% | 0.11% | +0.02 |
| META Meta Platforms Inc. Class A | Add +4.6% | 0.09% | +0.02 |
| COST Costco Wholesale Corp. | Add +2.6% | 1.34% | +0.02 |
| PRN Invesco Dorsey Wright Indus | Add +15.6% | 0.08% | +0.02 |
| GCOW Pacer Global Cash Cows Divid | Add +46.9% | 0.05% | +0.02 |
| TRV The Travelers Cos Inc. | Add +24.8% | 0.09% | +0.01 |
| IAU iShares Gold Trust | Add +18.5% | 0.09% | +0.01 |
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 |