Shotwell Rutter Baer Inc
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 12, 2026), Shotwell Rutter Baer Inc reported 39 stock positions worth $166.5 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 14.6% of the portfolio, followed by Avantis US Large Cap Value (AVLV, 10.1%) and Dimsnl Intr CF in ETF-Usd (DFGX, 8.0%). Compared with Q3 2025, it opened 2 new positions, added to 18 and reduced 14. The biggest buy was a new position in JPMorgan Municipal ETF (JMUB) and the biggest sale SS SPDR N Ice HY Muni ETF (HYMB, shares −68%).
- Most Recent 13F
- Q2 2026
- Location
- LANSING, MI
- CIK
- 0002008310
- Portfolio Value
- $166.5M (Q4 2025)
- SEC Filing
- 0001754960-26-000025 ↗ filed Jan 12, 2026
Holdings Value
Holdings 39 stocks · $166.5M
| VTI VG Morningstar TS MKT ETF-US | 14.55% | 71,260 | $24.2M | Add +2.1% |
| AVLV Avantis US Large Cap Value | 10.07% | 213,775 | $16.8M | Add +2.4% |
| DFGX Dimsnl Intr CF in ETF-Usd Inc. | 8.05% | 253,422 | $13.4M | Add +8.3% |
| VCIT Vanguard Int-Term Corporate | 8.04% | 159,878 | $13.4M | Add +6.2% |
| AVUV Avantis US Small Cap Value | 6.74% | 104,736 | $11.2M | Add +3.2% |
| VEA Vanguard Ftse Developed ETF | 6.70% | 174,418 | $11.2M | Add +1.6% |
| AVEM Avantis Emerging Markets Eq | 6.16% | 128,995 | $10.3M | Add +1.2% |
| VGIT Vanguard Intermediate-Term T | 5.57% | 154,733 | $9.3M | Add +6.8% |
| DISV Dimensional International SM | 5.31% | 228,250 | $8.9M | Add +0.9% |
| MUNI PIMCO Intermediate Municipal | 5.15% | 162,700 | $8.6M | Reduce -2.8% |
| DFIV Dimensional International Va | 4.19% | 138,142 | $7.0M | Add +2.0% |
| VTIP Vanguard Short-Term Tips | 3.11% | 104,480 | $5.2M | Add +13.3% |
| DFGR Dim Global Real Estate ETF | 2.97% | 185,498 | $4.9M | Add +6.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.65% | 55,239 | $4.4M | Add +5.9% |
| JMUB JPMorgan Municipal ETF | 1.69% | 55,479 | $2.8M | New |
| DFAC Dimensional US Core Equity 2 | 0.94% | 38,776 | $1.6M | Reduce -5.8% |
| DMXF iShares ESG Advanc MSCI Eafe | 0.91% | 19,618 | $1.5M | Add +1.4% |
| NULV Nuveen ESG Large-Cap Val ETF | 0.76% | 27,249 | $1.3M | Reduce -1.2% |
| USXF iShares ESG Advance MSCI USA | 0.72% | 20,470 | $1.2M | Reduce -0.7% |
| ESGU iShares ESG Aware MSCI USA | 0.49% | 5,397 | $813K | Reduce -1.2% |
| BGRN iShares Usd Green Bond ETF | 0.48% | 16,615 | $796K | Add +0.6% |
| NUSC Nuveen ESG Small-Cap ETF | 0.40% | 14,434 | $671K | Reduce -1.0% |
| MUB iShares National Muni Bond E | 0.38% | 5,944 | $639K | Reduce -15.4% |
| WMT Walmart Inc. | 0.37% | 5,449 | $616K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.36% | 2,002 | $606K | No change |
| ESGE iShares Inc. iShares ESG Awar | 0.35% | 12,646 | $580K | Add +0.1% |
| ESGD iShares Trust iShares ESG Aw | 0.35% | 5,934 | $576K | Reduce -0.1% |
| VCEB Vanguard ESG US Corp. Bond | 0.32% | 8,491 | $541K | Add +6.9% |
| SUSB iShares ESG Aware 1-5 Year U | 0.31% | 20,600 | $520K | Add +3.0% |
| WTM White Mountains Insurance GP | 0.30% | 242 | $502K | Reduce -10.4% |
| HYMB SS SPDR N Ice HY Muni ETF | 0.29% | 18,973 | $475K | Reduce -68.1% |
| DFAX Dimensional World Ex US Core | 0.25% | 12,471 | $418K | Reduce -5.0% |
| EFV iShares MSCI Eafe Value ETF | 0.23% | 5,220 | $377K | Reduce -4.4% |
| IVV iShares Core S&P 500 ETF | 0.19% | 456 | $316K | No change |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.15% | 3,154 | $256K | Reduce -2.4% |
| AVDV Avantis Intl S/C Value ETF | 0.13% | 2,322 | $224K | Reduce -0.9% |
| IEFA iShares Core MSCI Eafe ETF | 0.13% | 2,399 | $219K | No change |
| ITW Illinois Tool Works | 0.13% | 854 | $217K | No change |
| SUB iShares Short-Term National | 0.12% | 1,873 | $200K | New |
Portfolio Sells Q3 2025 → Q4 2025
| HYMB SS SPDR N Ice HY Muni ETF | Reduce -68.1% | 0.29% | −0.67 |
| MUNI PIMCO Intermediate Municipal | Reduce -2.8% | 5.15% | −0.50 |
| MUB iShares National Muni Bond E | Reduce -15.4% | 0.38% | −0.10 |
| DFAC Dimensional US Core Equity 2 | Reduce -5.8% | 0.94% | −0.09 |
| USXF iShares ESG Advance MSCI USA | Reduce -0.7% | 0.72% | −0.06 |
| ESGU iShares ESG Aware MSCI USA | Reduce -1.2% | 0.49% | −0.03 |
| WTM White Mountains Insurance GP | Reduce -10.4% | 0.30% | −0.03 |
| NULV Nuveen ESG Large-Cap Val ETF | Reduce -1.2% | 0.76% | −0.02 |
| DFAX Dimensional World Ex US Core | Reduce -5.0% | 0.25% | −0.02 |
| NUSC Nuveen ESG Small-Cap ETF | Reduce -1.0% | 0.40% | −0.02 |
| ESGD iShares Trust iShares ESG Aw | Reduce -0.1% | 0.35% | −0.02 |
| EFV iShares MSCI Eafe Value ETF | Reduce -4.4% | 0.23% | −0.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -2.4% | 0.15% | −0.01 |
| AVDV Avantis Intl S/C Value ETF | Reduce -0.9% | 0.13% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| JMUB JPMorgan Municipal ETF | New | 1.69% | +1.69 |
| AVLV Avantis US Large Cap Value | Add +2.4% | 10.07% | +0.30 |
| AVUV Avantis US Small Cap Value | Add +3.2% | 6.74% | +0.20 |
| DFIV Dimensional International Va | Add +2.0% | 4.19% | +0.14 |
| VTIP Vanguard Short-Term Tips | Add +13.3% | 3.11% | +0.13 |
| SUB iShares Short-Term National | New | 0.12% | +0.12 |
| DISV Dimensional International SM | Add +0.9% | 5.31% | +0.07 |
| VCEB Vanguard ESG US Corp. Bond | Add +6.9% | 0.32% | −0.00 |
| ESGE iShares Inc. iShares ESG Awar | Add +0.1% | 0.35% | −0.01 |
| SUSB iShares ESG Aware 1-5 Year U | Add +3.0% | 0.31% | −0.01 |
| BGRN iShares Usd Green Bond ETF | Add +0.6% | 0.48% | −0.03 |
| VGIT Vanguard Intermediate-Term T | Add +6.8% | 5.57% | −0.03 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +5.9% | 2.65% | −0.04 |
| VEA Vanguard Ftse Developed ETF | Add +1.6% | 6.70% | −0.04 |
| DMXF iShares ESG Advanc MSCI Eafe | Add +1.4% | 0.91% | −0.05 |
| DFGR Dim Global Real Estate ETF | Add +6.1% | 2.97% | −0.07 |
| VCIT Vanguard Int-Term Corporate | Add +6.2% | 8.04% | −0.11 |
| DFGX Dimsnl Intr CF in ETF-Usd Inc. | Add +8.3% | 8.05% | −0.11 |
| AVEM Avantis Emerging Markets Eq | Add +1.2% | 6.16% | −0.13 |
| VTI VG Morningstar TS MKT ETF-US | Add +2.1% | 14.55% | −0.38 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 38 | $182.1M | VTI, AVLV, DFGX, VCIT, AVUV |
| Q1 2026 | 38 | $170.2M | VTI, AVLV, DFGX, VCIT, AVUV |
| Q4 2025 | 39 | $166.5M | VTI, AVLV, DFGX, VCIT, AVUV |
| Q3 2025 | 37 | $155.0M | VTI, AVLV, DFGX, VCIT, VEA |
| Q2 2025 | 37 | $147.2M | VTI, AVLV, DFGX, VCIT, VEA |
| Q1 2025 | 33 | $113.4M | VTI, AVLV, VCIT, VGIT, VEA |
| Q4 2024 | 34 | $118.7M | VTI, AVLV, VCIT, AVUV, VEA |
| Q3 2024 | 34 | $121.6M | VTI, AVLV, VCIT, AVUV, VEA |
| Q2 2024 | 33 | $112.8M | VTI, AVLV, VCIT, AVUV, VEA |
| Q1 2024 | 18 | $49.3M | AVLV, AVUV, AVEM, DISV, DFIV |