Spurstone Advisory Services, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Spurstone Advisory Services, LLC reported 104 stock positions worth $5.1 million. Its top holding was Apple (AAPL) at 22.4% of the portfolio, followed by Exxon Mobil (XOM, 7.9%) and United Parcel Service Class B (UPS, 7.8%). Compared with Q4 2024, it opened 35 new positions, sold out of 7, added to 5 and reduced 4. The biggest buy was a new position in RTX (RTX) and the biggest sale Fortinet (FTNT, shares −50%).

Most Recent 13F
Q2 2026
Location
HIGGANUM, CT
CIK
0002056079
Portfolio Value
$5.1M (Q1 2025)
SEC Filing
0002056079-25-000002 ↗ filed May 12, 2025

Holdings Value

0$2.0M$4.0M$6.0M$8.0M Q4 2024: $5.3M Q4 2024 Q1 2025: $5.1M $5.1M Q1 2025 Q2 2025: $6.6M Q2 2025 Q3 2025: $7.0M Q3 2025 Q4 2025: $6.4M Q4 2025 Q1 2026: $5.8M Q1 2026 Q2 2026: $7.3M Q2 2026

Holdings 104 stocks · $5.1M
AAPL Apple Inc. 22.41% 5,185 $1.2M Add +2.1%
XOM Exxon Mobil Corp. 7.86% 3,398 $404K No change
UPS United Parcel Service Class B 7.79% 3,642 $401K Add +150.7%
CVX Chevron Corp. 6.58% 2,020 $338K No change
RTX RTX Corp. 6.51% 2,524 $334K New
SPY SS SPDR S&P 500 ETF Trust-US 6.24% 573 $321K Reduce -1.6%
FTNT Fortinet Inc. 4.68% 2,500 $241K Reduce -50.0%
IWM iShares Russell 2000 ETF 4.39% 1,132 $226K Add +0.3%
PFE Pfizer Inc. 3.95% 8,003 $203K Reduce -14.0%
TRV The Travelers Cos Inc. 3.07% 596 $158K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.66% 550 $137K No change
CRWD CrowdStrike Holdings Inc. Class A 2.53% 369 $130K No change
TT Trane Technologies PLC 1.90% 290 $98K New
UNH Unitedhealth Group Inc. 1.53% 150 $79K New
WBS Webster Financial Corp. 1.11% 1,104 $57K No change
VTEB Vanguard Tax-Exempt Bond ETF 1.08% 1,123 $56K Add +3409.4%
IVV iShares Core S&P 500 ETF 1.06% 97 $55K New
QCOM Qualcomm Inc. 0.91% 306 $47K No change
SWBI Smith & Wesson Brands Inc. 0.85% 4,700 $44K No change
HD Home Depot Inc. 0.82% 115 $42K No change
RCL Royal Caribbean Cruises Ltd. 0.80% 200 $41K No change
HIG Hartford Insurance Group Inc. 0.72% 300 $37K No change
MRK Merck & Co. Inc. 0.65% 374 $34K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.63% 780 $33K No change
SCHF Schwab Intl Equity ETF 0.61% 1,576 $31K New
F Ford Motor Co. filed as FORD MTR CO 0.60% 3,050 $31K Reduce -3.6%
S Sentinelone Inc. Class A 0.46% 1,300 $24K Add +18.2%
LYFT LYFT Inc. Class A 0.46% 1,975 $23K No change
TSLA Tesla Inc. 0.45% 90 $23K New
SO The Southern Co. 0.44% 244 $22K No change
X United States Steel Corp. 0.41% 500 $21K No change
IJH iShares Core S&P Midcap ETF 0.39% 345 $20K New
XEL Xcel Energy Inc. 0.32% 233 $16K No change
TLT iShares 20+ Year Treasury BD 0.31% 174 $16K New
AEP American Electric Power 0.29% 138 $15K No change
AOUT American Outdoor Brands Inc. 0.28% 1,175 $14K No change
CFG Citizens Financial Group 0.24% 300 $12K No change
INTC Intel Corp. 0.24% 536 $12K No change
RSP Invesco S&P 500 Equal Weight 0.24% 70 $12K New
MO Altria Group Inc. 0.23% 200 $12K No change
VWO Vanguard Ftse Emerging Marke 0.22% 246 $11K New
IJR iShares Core S&P Small-Cap E 0.21% 105 $11K New
DFAC Dimensional US Core Equity 2 0.16% 252 $8K No change
QS Quantumscape Corp. 0.16% 1,950 $8K No change
VTRS Viatris Inc. 0.15% 911 $8K No change
SWK Stanley Black & Decker Inc. 0.15% 100 $8K No change
KO The Coca-Cola Co. 0.14% 103 $7K No change
VLUE iShares MSCI USA Value Facto 0.14% 69 $7K New
VZ Verizon Communications Inc. 0.14% 161 $7K No change
EZU iShares MSCI Eurozone ETF 0.13% 126 $7K New
DFAU Dimensional US Core Equity M 0.12% 162 $6K No change
CR Crane Co. 0.12% 40 $6K No change
DFAX Dimensional World Ex US Core 0.10% 189 $5K No change
MUB iShares National Muni Bond E 0.09% 46 $5K No change
DFUS Dimensional US Eq MKT ETF 0.08% 70 $4K No change
DFAI Dimensional International Co. 0.08% 134 $4K No change
DUHP Dimensional US High Profi Et 0.08% 122 $4K No change
GS Goldman Sachs Group Inc. 0.07% 7 $4K No change
KD Kyndryl Holdings Inc. 0.07% 120 $4K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.06% 19 $3K No change
PSX Phillips 66 0.06% 25 $3K No change
SCHG Schwab US Large-Cap Growth 0.05% 112 $3K No change
IEFA iShares Core MSCI Eafe ETF 0.05% 34 $3K No change
SPYG SS SPDR P S&P 500 Growth ETF 0.05% 31 $2K New
DFAE Dimensional Emerging Core Eq 0.05% 96 $2K No change
BP BP PLC-Spons ADR 0.05% 73 $2K No change
CXT Crane NXT Co. 0.04% 40 $2K No change
SPYV SS SPDR P S&P 500 Value ETF 0.04% 40 $2K New
DIHP Dimensional International Hi 0.04% 67 $2K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.03% 4 $1K No change
IWR iShares Russell Mid-Cap ETF 0.03% 17 $1K New
DON Wisdomtree US Midcap Dividen 0.03% 26 $1K New
XERS Xeris Biopharma Holdings Inc. 0.02% 200 $1K No change
HYMB SS SPDR N Ice HY Muni ETF 0.02% 40 $1K No change
IEI iShares 3-7 Year Treasury Bo 0.02% 8 $945 New
MDYG SS SPDR S&P 400 MC GR ETF 0.01% 9 $715 New
SPTS SS SPDR P St Term TSY ETF 0.01% 24 $701 New
ILTB iShares Core 10+ Year Usd Bo 0.01% 14 $700 New
HYD Vaneck High Yield Muni ETF 0.01% 13 $665 No change
JPST JPMorgan Ultra-Short Income 0.01% 13 $658 New
AVIG Avantis Core Fixed Income 0.01% 15 $620 New
VBR Vngrd Mrngst SL-CP Val ETF-U 0.01% 3 $558 No change
USFR Wisdomtree Floating Rate Tre 0.01% 11 $553 New
OGN Organon & Co. 0.01% 37 $550 No change
IEMG iShares Core MSCI Emerging 0.01% 10 $539 No change
FIXD First Trust Smith Opportunis 0.01% 12 $526 New
AVUV Avantis US Small Cap Value 0.01% 6 $523 New
VBK Van Morst SML-Cap Gro-Usd Inc. 0.01% 2 $503 No change
VEA Vanguard Ftse Developed ETF 0.01% 9 $457 No change
AGGY Wisdomtree Yield Enhanced US 0.01% 10 $434 New
LMBS First Trust Low Duration Opp 0.01% 8 $393 New
CLOZ Eldridge BBB-B Clo ETF 0.01% 14 $371 New
SLYG SS SPDR S&P 600 SC GR ETF 0.01% 4 $332 New
CLOX Eldridge Aaa Clo ETF 0.01% 13 $331 New
HOG Harley-Davidson Inc. 0.01% 11 $277 No change
EMB iShares JP Morgan Usd Emergi 0.01% 3 $271 No change
EMLC Vaneck JPM Em Local Curr BND 0.01% 11 $262 No change
KNG FT Vest S&P 500 DVD Arst TRG 0.00% 4 $202 New
EBND State Street SPDR Bloomberg 0.00% 10 $200 No change
VWOB Vanguard Emerg MKTS Gov BND 0.00% 3 $192 No change
SPMB SS SPDR P Mort Back Bond ETF 0.00% 8 $176 New
HYBL SS Blackstone High Inc. ETF 0.00% 4 $112 New
CMBS iShares CMBS ETF 0.00% 2 $96 New
SCHV Schwab US Large-Cap Value 0.00% 3 $79 No change

Portfolio Sells Q4 2024 → Q1 2025
FTNT Fortinet Inc. Reduce -50.0% 4.68% −4.31
ABBV Abbvie Inc. Sold out 0.00% −4.06
MCD McDonald's Corp. Sold out 0.00% −2.76
CARR Carrier Global Corp. Sold out 0.00% −2.60
MSFT Microsoft Corp. Sold out 0.00% −2.41
OTIS Otis Worldwide Corp. Sold out 0.00% −1.76
PFE Pfizer Inc. Reduce -14.0% 3.95% −0.75
SNOW Snowflake Inc. Sold out 0.00% −0.59
CE Celanese Corp. Sold out 0.00% −0.40
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.6% 6.24% −0.26
F Ford Motor Co. Reduce -3.6% 0.60% −0.00

Portfolio Buys Q4 2024 → Q1 2025
RTX RTX Corp. New 6.51% +6.51
UPS United Parcel Service Class B Add +150.7% 7.79% +4.31
TT Trane Technologies PLC New 1.90% +1.90
UNH Unitedhealth Group Inc. New 1.53% +1.53
IVV iShares Core S&P 500 ETF New 1.06% +1.06
VTEB Vanguard Tax-Exempt Bond ETF Add +3409.4% 1.08% +1.05
SCHF Schwab Intl Equity ETF New 0.61% +0.61
TSLA Tesla Inc. New 0.45% +0.45
IJH iShares Core S&P Midcap ETF New 0.39% +0.39
TLT iShares 20+ Year Treasury BD New 0.31% +0.31
RSP Invesco S&P 500 Equal Weight New 0.24% +0.24
VWO Vanguard Ftse Emerging Marke New 0.22% +0.22
IJR iShares Core S&P Small-Cap E New 0.21% +0.21
VLUE iShares MSCI USA Value Facto New 0.14% +0.14
EZU iShares MSCI Eurozone ETF New 0.13% +0.13
SPYG SS SPDR P S&P 500 Growth ETF New 0.05% +0.05
SPYV SS SPDR P S&P 500 Value ETF New 0.04% +0.04
IWR iShares Russell Mid-Cap ETF New 0.03% +0.03
DON Wisdomtree US Midcap Dividen New 0.03% +0.03
IEI iShares 3-7 Year Treasury Bo New 0.02% +0.02
MDYG SS SPDR S&P 400 MC GR ETF New 0.01% +0.01
ILTB iShares Core 10+ Year Usd Bo New 0.01% +0.01
SPTS SS SPDR P St Term TSY ETF New 0.01% +0.01
JPST JPMorgan Ultra-Short Income New 0.01% +0.01
AVIG Avantis Core Fixed Income New 0.01% +0.01
USFR Wisdomtree Floating Rate Tre New 0.01% +0.01
AVUV Avantis US Small Cap Value New 0.01% +0.01
FIXD First Trust Smith Opportunis New 0.01% +0.01
AGGY Wisdomtree Yield Enhanced US New 0.01% +0.01
LMBS First Trust Low Duration Opp New 0.01% +0.01
CLOZ Eldridge BBB-B Clo ETF New 0.01% +0.01
SLYG SS SPDR S&P 600 SC GR ETF New 0.01% +0.01
CLOX Eldridge Aaa Clo ETF New 0.01% +0.01
KNG FT Vest S&P 500 DVD Arst TRG New 0.00% +0.00
SPMB SS SPDR P Mort Back Bond ETF New 0.00% +0.00
HYBL SS Blackstone High Inc. ETF New 0.00% +0.00
CMBS iShares CMBS ETF New 0.00% +0.00
S Sentinelone Inc. Class A Add +18.2% 0.46% −0.01
IWM iShares Russell 2000 ETF Add +0.3% 4.39% −0.36
AAPL Apple Inc. Add +2.1% 22.41% −1.79

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 99$7.3MAAPL, RTX, SPY, HCA, XOM
Q1 2026 76$5.8MAAPL, RTX, HCA, XOM, CVX
Q4 2025 97$6.4MAAPL, RTX, HCA, XOM, SPY
Q3 2025 115$7.0MAAPL, RTX, HCA, SPY, XOM
Q2 2025 139$6.6MAAPL, HCA, XOM, RTX, UPS
Q1 2025 104$5.1MAAPL, XOM, UPS, CVX, RTX
Q4 2024 76$5.3MAAPL, FTNT, XOM, SPY, CVX