Schmidt P J Investment Management Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 29, 2026), Schmidt P J Investment Management Inc. reported 211 stock positions worth $594.6 million. Its top holding was Apple (AAPL) at 6.5% of the portfolio, followed by Microsoft (MSFT, 5.6%) and Alphabet Class C (GOOG, 4.7%). Compared with Q4 2025, it opened 25 new positions, sold out of 8, added to 69 and reduced 82. The biggest buy was iShares US Smallcap Equity F (SMLF, shares +214%) and the biggest sale Broadcom (AVGO, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- CEDARBURG, WI
- CIK
- 0001008895
- Portfolio Value
- $594.6M (Q1 2026)
- SEC Filing
- 0001008895-26-000002 ↗ filed Apr 29, 2026
Holdings Value
Holdings 211 stocks · $594.6M
| AAPL Apple Inc. | 6.45% | 151,229 | $38.4M | Reduce -0.6% |
| MSFT Microsoft Corp. | 5.57% | 89,453 | $33.1M | Add +4.8% |
| GOOG Alphabet Inc. Class C | 4.75% | 98,443 | $28.2M | Reduce -1.4% |
| AVGO Broadcom Inc. | 4.71% | 90,438 | $28.0M | Reduce -5.2% |
| IGIB iShares 5-10Y Inv Grade Corp. | 4.65% | 519,337 | $27.6M | Add +1.0% |
| SNDR Schneider National Inc. Class B | 3.70% | 834,009 | $22.0M | Reduce -2.5% |
| GOVT iShares US Treasury Bond ETF | 3.18% | 824,415 | $18.9M | Add +0.7% |
| LLY Eli Lilly & Co. | 2.93% | 18,956 | $17.4M | Reduce -4.1% |
| AMZN Amazon.com Inc. | 2.70% | 76,993 | $16.0M | Add +0.3% |
| NVDA Nvidia Corp. | 2.11% | 71,796 | $12.5M | Reduce -1.1% |
| NEE Nextera Energy Inc. | 1.86% | 119,194 | $11.1M | Reduce -0.9% |
| ADI Analog Devices Inc. | 1.78% | 33,348 | $10.6M | Reduce -0.1% |
| V Visa Inc. Class A | 1.64% | 32,322 | $9.8M | Reduce -0.7% |
| BLK BlackRock Inc. | 1.61% | 9,970 | $9.6M | Add +0.1% |
| BBUS JPMorgan Betabuilders US Equ | 1.55% | 78,799 | $9.2M | Add +6.5% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 1.50% | 37,786 | $8.9M | Reduce -0.2% |
| XLC SS Comm Select Sector SPDR | 1.50% | 80,394 | $8.9M | Add +0.5% |
| FBND Fidelity Total Bond ETF | 1.49% | 194,437 | $8.9M | Add +6.9% |
| PG The Procter & Gamble Co. | 1.48% | 60,858 | $8.8M | Add +0.5% |
| NANR Sta STR SP S&P Nor An Res-Ui | 1.44% | 101,949 | $8.6M | Reduce -1.4% |
| JPM JPMorgan Chase & Co. | 1.43% | 29,005 | $8.5M | Add +0.3% |
| MCD McDonald's Corp. | 1.41% | 27,044 | $8.4M | Add +1.2% |
| PEP Pepsico Inc. | 1.35% | 51,833 | $8.0M | Reduce -0.1% |
| COST Costco Wholesale Corp. | 1.35% | 8,042 | $8.0M | Reduce -1.2% |
| SYK Stryker Corp. | 1.28% | 23,231 | $7.6M | Add +1.6% |
| ABBV Abbvie Inc. | 1.27% | 34,690 | $7.5M | Add +1.8% |
| SMLF iShares US Smallcap Equity F | 1.17% | 92,470 | $7.0M | Add +213.9% |
| UNP Union Pacific Corp. | 1.17% | 28,651 | $7.0M | Add +0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.10% | 13,602 | $6.5M | Add +0.1% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 1.08% | 229,813 | $6.4M | Reduce -2.8% |
| GWW WW Grainger Inc. | 1.06% | 5,761 | $6.3M | Reduce -1.6% |
| IYW iShares Ustechnology ETF | 1.03% | 33,616 | $6.1M | Reduce -0.4% |
| HD Home Depot Inc. | 0.89% | 16,062 | $5.3M | Reduce -0.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.87% | 8,997 | $5.2M | Add +0.0% |
| IVV iShares Core S&P 500 ETF | 0.86% | 7,836 | $5.1M | Add +3.5% |
| HON Honeywell International Inc. | 0.84% | 22,206 | $5.0M | Reduce -2.1% |
| CMBS iShares CMBS ETF | 0.79% | 95,881 | $4.7M | Reduce -0.3% |
| UNH Unitedhealth Group Inc. | 0.73% | 16,026 | $4.3M | Reduce -11.1% |
| ICE Intercontinental Exchange Inc. | 0.70% | 26,438 | $4.2M | Reduce -2.4% |
| MA Mastercard Inc. Class A | 0.68% | 8,034 | $4.0M | Reduce -0.1% |
| ITW Illinois Tool Works | 0.66% | 14,963 | $3.9M | Reduce -2.6% |
| SCHG Schwab US Large-Cap Growth | 0.62% | 126,587 | $3.7M | Add +10.2% |
| PPA Invesco Aerospace & Defense | 0.58% | 20,987 | $3.5M | Reduce -0.7% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.55% | 65,530 | $3.3M | Reduce -0.7% |
| ILTB iShares Core 10+ Year Usd Bo | 0.54% | 65,719 | $3.2M | Add +10.8% |
| ABT Abbott Laboratories | 0.54% | 31,322 | $3.2M | Reduce -6.3% |
| JNJ Johnson & Johnson | 0.53% | 12,781 | $3.1M | Reduce -0.2% |
| FDIS Fidelity MSCI Cons Discr Ind | 0.50% | 32,025 | $3.0M | Add +1.8% |
| XOM Exxon Mobil Corp. | 0.44% | 15,452 | $2.6M | No change |
| IQLT iShares MSCI International Q | 0.44% | 56,007 | $2.6M | Reduce -4.1% |
| IJH iShares Core S&P Midcap ETF | 0.38% | 33,677 | $2.3M | Add +6.2% |
| FENI Fidelity Enhanced Intl ETF | 0.38% | 60,969 | $2.3M | Add +6.5% |
| FDVV Fidelity High Dividend ETF | 0.36% | 39,056 | $2.2M | Add +11.4% |
| MRK Merck & Co. Inc. | 0.36% | 17,692 | $2.1M | Reduce -0.6% |
| AMT American Tower Corp. | 0.35% | 12,164 | $2.1M | Add +0.5% |
| GOOGL Alphabet Inc. Class A | 0.34% | 7,098 | $2.0M | Reduce -0.4% |
| TSLA Tesla Inc. | 0.30% | 4,787 | $1.8M | Reduce -2.8% |
| PHYL Pgim Active High Yield Bond | 0.29% | 50,465 | $1.7M | Add +24.3% |
| GLD SPDR Gold Shares | 0.28% | 3,824 | $1.6M | Reduce -0.3% |
| LMT Lockheed Martin Corp. | 0.28% | 2,717 | $1.6M | No change |
| ADP Automatic Data Processing | 0.27% | 7,924 | $1.6M | Add +1.1% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.27% | 30,392 | $1.6M | Add +2.1% |
| CVX Chevron Corp. | 0.27% | 7,673 | $1.6M | No change |
| SUSC iShares ESG Aware Usd Corpor | 0.24% | 62,030 | $1.4M | Add +1.8% |
| CGMS Cap Group US Multi-Sect Bond | 0.24% | 52,689 | $1.4M | Add +42.6% |
| PNC PNC Financial Services Group | 0.23% | 6,447 | $1.3M | Add +3.2% |
| FVAL Fidelity Value Factor ETF | 0.20% | 17,229 | $1.2M | Add +17.8% |
| XLK SS Technology Select Sector | 0.20% | 8,962 | $1.2M | No change |
| PANW Palo Alto Networks Inc. | 0.20% | 7,303 | $1.2M | Reduce -0.6% |
| BND Vanguard Total Bond Market | 0.19% | 15,247 | $1.1M | Reduce -6.1% |
| JPSE JPM Diversified RT Small Cap filed as J P MORGAN EXCHANGE TRADED F | 0.18% | 20,907 | $1.1M | Reduce -7.8% |
| JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F | 0.17% | 20,256 | $1.0M | Add +0.0% |
| CGIC Cap Group Intl Core Eq filed as CAPITAL GROUP INTERNATIONAL | 0.17% | 30,669 | $1.0M | Add +6.3% |
| CGHM Cap Group Muni High-Income | 0.17% | 40,047 | $1.0M | New |
| WEC WEC Energy Group Inc. | 0.17% | 8,748 | $1.0M | No change |
| BSX Boston Scientific Corp. | 0.17% | 15,924 | $999K | Reduce -1.0% |
| YUM Yum! Brands Inc. | 0.17% | 6,327 | $984K | Add +0.0% |
| VIG Vanguard Dividend Apprec ETF | 0.17% | 4,563 | $981K | Reduce -51.2% |
| DUK Duke Energy Corp. | 0.16% | 7,463 | $977K | Add +15.9% |
| FBCG Fidelity Blue Chip Grow ETF | 0.16% | 19,441 | $974K | Reduce -14.5% |
| GCOW Pacer Global Cash Cows Divid | 0.16% | 20,262 | $937K | Add +19.5% |
| AMGN Amgen Inc. | 0.16% | 2,653 | $933K | No change |
| IUSG iShares Core S&P U.S. Growth | 0.16% | 6,000 | $931K | Reduce -0.3% |
| PTLC Pacer Trendpilot US Large Ca | 0.15% | 17,018 | $893K | Reduce -12.3% |
| VRTX Vertex Pharmaceuticals Inc. | 0.15% | 1,997 | $892K | Reduce -2.7% |
| COWG Pacer US LRG Cap Cows GR LD | 0.15% | 26,300 | $887K | Add +28.3% |
| VZ Verizon Communications Inc. | 0.14% | 16,182 | $812K | Add +14.9% |
| BX Blackstone Inc. | 0.14% | 7,060 | $812K | Add +2.9% |
| VRT Vertiv Holdings Co. Class A | 0.13% | 3,138 | $786K | Add +2.8% |
| WMT Walmart Inc. | 0.13% | 6,272 | $779K | Add +0.0% |
| SCHD Schwab US DVD Equity ETF | 0.13% | 25,251 | $775K | Reduce -2.3% |
| RGLD Royal Gold Inc. | 0.13% | 3,031 | $771K | Reduce -4.2% |
| IGM iShares Expanded Tech Sector | 0.12% | 6,173 | $732K | Add +11.3% |
| IAU iShares Gold Trust | 0.12% | 8,212 | $724K | Reduce -12.3% |
| ITA iShares U.S. Aerospace & Def | 0.12% | 3,231 | $707K | Reduce -0.5% |
| ALL Allstate Corp. | 0.12% | 3,405 | $706K | Reduce -1.2% |
| EFIV SS SPDR S&P 500 ESG ETF | 0.12% | 10,876 | $686K | Add +158.8% |
| SYY Sysco Corp. | 0.12% | 9,605 | $685K | Reduce -4.9% |
| ISRG Intuitive Surgical Inc. | 0.11% | 1,462 | $674K | Reduce -1.1% |
| EPD Enterprise Products Partners | 0.11% | 17,760 | $672K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $161 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| GABELLI EQUITY TRUST-RT | RIGHT 04/14/2026 | 23,000 | $161 | New |
Total filed on the 13F, all lines: $594.6M.
Portfolio Sells Q4 2025 → Q1 2026
| AVGO Broadcom Inc. | Reduce -5.2% | 4.71% | −0.66 |
| LLY Eli Lilly & Co. | Reduce -4.1% | 2.93% | −0.52 |
| ROP Roper Technologies Inc. | Reduce -88.9% | 0.04% | −0.35 |
| GOOG Alphabet Inc. Class C | Reduce -1.4% | 4.75% | −0.35 |
| AAPL Apple Inc. | Reduce -0.6% | 6.45% | −0.28 |
| UNH Unitedhealth Group Inc. | Reduce -11.1% | 0.73% | −0.24 |
| V Visa Inc. Class A | Reduce -0.7% | 1.64% | −0.21 |
| VIG Vanguard Dividend Apprec ETF | Reduce -51.2% | 0.17% | −0.17 |
| ABT Abbott Laboratories | Reduce -6.3% | 0.54% | −0.14 |
| CRM Salesforce Inc. | Reduce -27.1% | 0.11% | −0.10 |
| NVDA Nvidia Corp. | Reduce -1.1% | 2.11% | −0.10 |
| BSX Boston Scientific Corp. | Reduce -1.0% | 0.17% | −0.08 |
| MA Mastercard Inc. Class A | Reduce -0.1% | 0.68% | −0.07 |
| IYW iShares Ustechnology ETF | Reduce -0.4% | 1.03% | −0.07 |
| SPGI S&P Global Inc. | Reduce -52.3% | 0.05% | −0.07 |
| QDEF NT Qual Div Def ETF | Sold out | 0.00% | −0.06 |
| TSLA Tesla Inc. | Reduce -2.8% | 0.30% | −0.06 |
| HYMB SS SPDR N Ice HY Muni ETF | Sold out | 0.00% | −0.05 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | Reduce -0.2% | 1.50% | −0.04 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.04 |
| FBCG Fidelity Blue Chip Grow ETF | Reduce -14.5% | 0.16% | −0.04 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.04 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.04 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.04 |
| MBB iShares MBS ETF | Reduce -42.3% | 0.05% | −0.03 |
| PAYX Paychex Inc. | Sold out | 0.00% | −0.03 |
| FELG Fidelity Enh LRG Cap GWTH | Sold out | 0.00% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Reduce -14.0% | 0.08% | −0.03 |
| PTLC Pacer Trendpilot US Large Ca | Reduce -12.3% | 0.15% | −0.03 |
| PANW Palo Alto Networks Inc. | Reduce -0.6% | 0.20% | −0.02 |
| ISRG Intuitive Surgical Inc. | Reduce -1.1% | 0.11% | −0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -0.4% | 0.34% | −0.02 |
| FSLR First Solar Inc. | Reduce -1.5% | 0.05% | −0.01 |
| ICE Intercontinental Exchange Inc. | Reduce -2.4% | 0.70% | −0.01 |
| CCI Crown Castle Inc. | Reduce -14.7% | 0.06% | −0.01 |
| FLOT iShares Floating Rate Bond E | Reduce -16.9% | 0.09% | −0.01 |
| PYLD PIMCO Multisector Bond Actv | Reduce -17.0% | 0.07% | −0.01 |
| XLV SS Health Care Select Sector | Reduce -12.8% | 0.07% | −0.01 |
| ESGV Vanguard ESG US Stock ETF | Reduce -9.0% | 0.08% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -13.3% | 0.07% | −0.01 |
| HD Home Depot Inc. | Reduce -0.0% | 0.89% | −0.01 |
| MELI MercadoLibre Inc. | Reduce -3.3% | 0.06% | −0.01 |
| XLF SS Financial Select Sector | Reduce -1.5% | 0.11% | −0.01 |
| TFLO iShares Treasury Floating Ra | Reduce -14.9% | 0.07% | −0.01 |
| DIS The Walt Disney Co. | Reduce -3.5% | 0.05% | −0.01 |
| IUSG iShares Core S&P U.S. Growth | Reduce -0.3% | 0.16% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -14.6% | 0.04% | −0.01 |
| BND Vanguard Total Bond Market | Reduce -6.1% | 0.19% | −0.01 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -8.3% | 0.10% | −0.01 |
| IFRA iShares US Infrastructure | Reduce -23.8% | 0.03% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| SMLF iShares US Smallcap Equity F | Add +213.9% | 1.17% | +0.82 |
| CGHM Cap Group Muni High-Income | New | 0.17% | +0.17 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +1.0% | 4.65% | +0.14 |
| FBND Fidelity Total Bond ETF | Add +6.9% | 1.49% | +0.13 |
| GOVT iShares US Treasury Bond ETF | Add +0.7% | 3.18% | +0.11 |
| UNP Union Pacific Corp. | Add +0.1% | 1.17% | +0.09 |
| MCD McDonald's Corp. | Add +1.2% | 1.41% | +0.09 |
| CGMS Cap Group US Multi-Sect Bond | Add +42.6% | 0.24% | +0.08 |
| LQDH iShares Int Hedg Corp. BD ETF | New | 0.07% | +0.07 |
| EFIV SS SPDR S&P 500 ESG ETF | Add +158.8% | 0.12% | +0.07 |
| BBUS JPMorgan Betabuilders US Equ | Add +6.5% | 1.55% | +0.07 |
| CGMU Cap Group Municipal Income | New | 0.07% | +0.07 |
| PG The Procter & Gamble Co. | Add +0.5% | 1.48% | +0.07 |
| IBTG iShares Ibonds Dec 2026 Term | Add +166.7% | 0.10% | +0.07 |
| ILTB iShares Core 10+ Year Usd Bo | Add +10.8% | 0.54% | +0.06 |
| PHYL Pgim Active High Yield Bond | Add +24.3% | 0.29% | +0.06 |
| TFLR T Rowe Price Floating RT ETF | New | 0.06% | +0.06 |
| CAT Caterpillar Inc. | New | 0.06% | +0.06 |
| FDEM Fidelity Emrg MRKT Multifact | New | 0.06% | +0.06 |
| QDF NT Qual Div ETF | New | 0.05% | +0.05 |
| IBMS ISHARESIBONDDEC2030MUNIBDETF | New | 0.05% | +0.05 |
| VRT Vertiv Holdings Co. Class A | Add +2.8% | 0.13% | +0.05 |
| PMBS PIMCO MBS Active ETF | New | 0.05% | +0.05 |
| IBMT iShares Ibonds Dec 2031 Muni | New | 0.05% | +0.05 |
| IBMR iShares Ibonds Dec 2029 M BD | New | 0.05% | +0.05 |
| IBTK iShares Ibonds Dec 2030 Trea | New | 0.04% | +0.04 |
| GCOW Pacer Global Cash Cows Divid | Add +19.5% | 0.16% | +0.04 |
| T AT&T Inc. | New | 0.04% | +0.04 |
| VZ Verizon Communications Inc. | Add +14.9% | 0.14% | +0.04 |
| IJH iShares Core S&P Midcap ETF | Add +6.2% | 0.38% | +0.04 |
| DUK Duke Energy Corp. | Add +15.9% | 0.16% | +0.04 |
| IBTH iShares Ibonds Dec 2027 Term | New | 0.04% | +0.04 |
| FENI Fidelity Enhanced Intl ETF | Add +6.5% | 0.38% | +0.04 |
| IRM Iron Mountain Inc. | New | 0.04% | +0.04 |
| ARM Arm Holdings PLC-ADR | New | 0.04% | +0.04 |
| MDLZ Mondelez International Inc. Class A | New | 0.04% | +0.04 |
| FDVV Fidelity High Dividend ETF | Add +11.4% | 0.36% | +0.04 |
| USXF iShares ESG Advance MSCI USA | New | 0.04% | +0.04 |
| ATO Atmos Energy Corp. | New | 0.04% | +0.04 |
| KNX Knight-Swift Transportation | New | 0.03% | +0.03 |
| BKH Black Hills Corp. | New | 0.03% | +0.03 |
| FSTA Fidelity MSCI Cons Stap Indx | New | 0.03% | +0.03 |
| NTRS Northern Trust Corp. | New | 0.03% | +0.03 |
| COWG Pacer US LRG Cap Cows GR LD | Add +28.3% | 0.15% | +0.03 |
| FVAL Fidelity Value Factor ETF | Add +17.8% | 0.20% | +0.03 |
| IBTJ iShares Ibonds Dec 2029 Term | Add +41.2% | 0.09% | +0.03 |
| DE Deere & Co. | Add +13.1% | 0.08% | +0.02 |
| GAB Gabelli Equity Trust | New | 0.02% | +0.02 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +35.0% | 0.08% | +0.02 |
| IBDU iShares Ibonds Dec 2029 Term | Add +34.9% | 0.08% | +0.02 |
Notes & Other Activity Q4 2025 → Q1 2026
| GABELLI EQUITY TRUST-RT | RIGHT 04/14/2026 | New | 23,000 | $161 |
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 |