Studio Investment Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Studio Investment Management LLC reported 305 stock positions worth $483.7 million. Its top holding was Vanguard Short-Term Tips (VTIP) at 15.3% of the portfolio, followed by Vanguard Dividend Apprec ETF (VIG, 5.8%) and Vanguard Mrngstr Val ETF-Aui (VTV, 5.8%). Compared with Q4 2024, it opened 32 new positions, sold out of 41, added to 102 and reduced 109. The biggest buy was Vanguard Short-Term Tips (VTIP, shares +43%) and the biggest sale iShares 3-7 Year Treasury Bo (IEI, shares −68%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001893893
- Portfolio Value
- $483.7M (Q1 2025)
- SEC Filing
- 0001893893-25-000003 ↗ filed May 14, 2025
Holdings Value
Holdings 305 stocks · $483.7M
| VTIP Vanguard Short-Term Tips | 15.29% | 1,482,650 | $74.0M | Add +43.4% |
| VIG Vanguard Dividend Apprec ETF | 5.79% | 144,441 | $28.0M | Add +1.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 5.78% | 161,887 | $28.0M | Reduce -0.6% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 3.84% | 99,747 | $18.6M | Reduce -2.3% |
| DFIC Dimensional International Co. | 3.39% | 590,521 | $16.4M | Add +0.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.27% | 29,700 | $15.8M | Reduce -3.6% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 3.02% | 404,504 | $14.6M | Add +1.3% |
| VGSH Vanguard Short-Term Treasury | 2.27% | 187,502 | $11.0M | Add +1.7% |
| DFSD Dimensional Short Duration | 2.18% | 222,279 | $10.6M | Add +31.9% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.03% | 124,100 | $9.8M | Reduce -4.7% |
| MSFT Microsoft Corp. | 1.73% | 22,236 | $8.3M | Reduce -0.4% |
| GOOGL Alphabet Inc. Class A | 1.70% | 53,220 | $8.2M | Reduce -0.6% |
| AAPL Apple Inc. | 1.68% | 36,602 | $8.1M | Reduce -1.5% |
| SGOV iShares 0-3 Month Treasury B | 1.48% | 71,072 | $7.2M | Add +17.5% |
| PG The Procter & Gamble Co. | 1.45% | 41,216 | $7.0M | Reduce -0.6% |
| GD General Dynamics Corp. | 1.38% | 24,561 | $6.7M | Add +0.6% |
| NEE Nextera Energy Inc. | 1.33% | 90,505 | $6.4M | Reduce -0.5% |
| DFEM Dimensional Emrg MRKT Core | 1.23% | 224,541 | $5.9M | Add +2.5% |
| VIGI Vanguard Int Div App Indx FD | 1.20% | 69,866 | $5.8M | Reduce -9.4% |
| JPM JPMorgan Chase & Co. | 1.13% | 22,245 | $5.5M | Reduce -3.0% |
| JNJ Johnson & Johnson | 1.07% | 31,079 | $5.2M | Add +5.0% |
| RTX RTX Corp. | 1.01% | 36,858 | $4.9M | Reduce -0.8% |
| RSPU Invesco S&P 500 Equal Weight | 0.98% | 68,329 | $4.8M | Add +90.4% |
| VT Vanguard Tot World STK ETF | 0.96% | 40,005 | $4.6M | Reduce -8.9% |
| CAT Caterpillar Inc. | 0.93% | 13,671 | $4.5M | Reduce -7.6% |
| HON Honeywell International Inc. | 0.92% | 21,130 | $4.5M | Reduce -4.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.91% | 16,049 | $4.4M | Reduce -2.6% |
| DFLV Dim US Large Cap Value ETF | 0.89% | 141,075 | $4.3M | Add +15.9% |
| CGCP Cap Group Core Plus Income | 0.88% | 189,719 | $4.3M | Add +6.2% |
| CSCO Cisco Systems Inc. | 0.88% | 68,763 | $4.2M | Reduce -2.5% |
| MRK Merck & Co. Inc. | 0.81% | 43,059 | $3.9M | Add +1.0% |
| UNH Unitedhealth Group Inc. | 0.79% | 7,262 | $3.8M | Add +0.6% |
| GIS General Mills Inc. | 0.78% | 62,962 | $3.8M | Reduce -0.2% |
| AMGN Amgen Inc. | 0.76% | 11,823 | $3.7M | Reduce -4.6% |
| DFAT Dimensional US Target Value | 0.74% | 69,256 | $3.6M | Add +143.2% |
| CVX Chevron Corp. | 0.70% | 20,313 | $3.4M | Add +0.1% |
| ITW Illinois Tool Works | 0.68% | 13,274 | $3.3M | Reduce -4.9% |
| AVGO Broadcom Inc. | 0.66% | 18,966 | $3.2M | Reduce -13.6% |
| DHI D.R. Horton Inc. | 0.62% | 23,555 | $3.0M | Add +0.6% |
| BLK BlackRock Inc. | 0.60% | 3,065 | $2.9M | Add +1.6% |
| LNT Alliant Energy Corp. | 0.57% | 43,192 | $2.8M | Reduce -0.5% |
| PEP Pepsico Inc. | 0.55% | 17,662 | $2.6M | Add +5.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.52% | 25,501 | $2.5M | Reduce -2.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.49% | 56,763 | $2.4M | Reduce -2.6% |
| DE Deere & Co. | 0.49% | 5,028 | $2.4M | Reduce -3.8% |
| AMZN Amazon.com Inc. | 0.48% | 12,247 | $2.3M | Reduce -6.5% |
| UNP Union Pacific Corp. | 0.47% | 9,684 | $2.3M | Reduce -0.8% |
| CTVA Corteva Inc. | 0.47% | 36,202 | $2.3M | Reduce -0.3% |
| NOC Northrop Grumman Corp. | 0.43% | 4,108 | $2.1M | Reduce -1.1% |
| ZBH Zimmer Biomet Holdings Inc. | 0.43% | 18,172 | $2.1M | Add +1.2% |
| BDX Becton Dickinson and Co. | 0.42% | 8,934 | $2.0M | Add +33.8% |
| IEI iShares 3-7 Year Treasury Bo | 0.41% | 16,690 | $2.0M | Reduce -68.2% |
| VIOV Vanguard S&P Small-Cap 600 V | 0.39% | 22,631 | $1.9M | Reduce -1.4% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 0.37% | 18,110 | $1.8M | Reduce -60.9% |
| VIOG Vanguard S&P SM Cap 600 GRW | 0.37% | 16,809 | $1.8M | Add +0.6% |
| JCI Johnson Controls Internation | 0.32% | 19,436 | $1.6M | Reduce -1.8% |
| HSY The Hershey Co. | 0.32% | 9,033 | $1.5M | Add +184.7% |
| USB US Bancorp | 0.32% | 36,049 | $1.5M | Reduce -7.2% |
| VONE Vanguard Russell 1000 | 0.29% | 5,470 | $1.4M | Reduce -65.1% |
| SHM SS SPDR N Ice St Muni ETF | 0.25% | 25,555 | $1.2M | Reduce -65.7% |
| CHRW C.H. Robinson Worldwide Inc. | 0.25% | 11,806 | $1.2M | Add +2.5% |
| BWZ State Street SPDR Bloomberg | 0.24% | 44,857 | $1.2M | New |
| GQRE NT GLBL Qual Re ETF | 0.24% | 20,318 | $1.2M | Add +3.1% |
| VWO Vanguard Ftse Emerging Marke | 0.24% | 25,877 | $1.2M | Add +3.9% |
| CSX CSX Corp. | 0.24% | 39,067 | $1.1M | Reduce -0.1% |
| GUNR NT Mstar GLBL NR ETF | 0.24% | 29,361 | $1.1M | Add +14.1% |
| BIV Vanguard Intermediate-Term B | 0.23% | 14,554 | $1.1M | Reduce -64.8% |
| PDN Inv Rafi Dev MKT US SM-Usdin | 0.23% | 33,146 | $1.1M | Reduce -2.1% |
| CACI Caci International Inc. Class A | 0.22% | 2,892 | $1.1M | Add +73.2% |
| XOM Exxon Mobil Corp. | 0.22% | 8,827 | $1.0M | Add +3.2% |
| TDVG T Rowe Price Dividend Growth | 0.22% | 25,902 | $1.0M | Add +0.6% |
| TCAF T Rowe PRC Cap Appreciation | 0.21% | 32,061 | $1.0M | Add +1.0% |
| MDT Medtronic PLC | 0.21% | 11,347 | $1.0M | Add +27.3% |
| QLTY GMO U.S. Quality ETF | 0.21% | 32,762 | $1.0M | Add +0.6% |
| SUB iShares Short-Term National | 0.20% | 9,228 | $974K | Reduce -59.7% |
| PAYX Paychex Inc. | 0.20% | 6,283 | $969K | Reduce -32.8% |
| ECL Ecolab Inc. | 0.19% | 3,672 | $933K | Reduce -2.4% |
| WFC Wells Fargo & Co. | 0.19% | 12,684 | $911K | Reduce -19.9% |
| LOW Lowe's Cos Inc. | 0.18% | 3,835 | $894K | Add +0.6% |
| AFL Aflac Inc. | 0.17% | 7,410 | $824K | Reduce -33.2% |
| JEPI JPMorgan Equity Premium Inco | 0.17% | 14,415 | $824K | New |
| ENB Enbridge Inc. | 0.17% | 18,382 | $815K | Reduce -5.6% |
| SCHR Schwab Intermediate-Term US | 0.16% | 31,875 | $792K | Add +9.3% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.16% | 15,760 | $782K | Reduce -77.4% |
| OMC Omnicom Group | 0.16% | 9,111 | $762K | Add +13.1% |
| BRO Brown & Brown Inc. | 0.15% | 6,012 | $748K | Reduce -5.6% |
| HII Huntington Ingalls Industrie | 0.15% | 3,665 | $748K | Add +91.2% |
| APD Air Products & Chemicals Inc. | 0.15% | 2,527 | $745K | Reduce -4.0% |
| CLX Clorox Company | 0.15% | 4,980 | $733K | Add +15.6% |
| DUK Duke Energy Corp. | 0.15% | 5,798 | $707K | Reduce -48.9% |
| GOOG Alphabet Inc. Class C | 0.15% | 4,499 | $703K | Add +1125.9% |
| TEL Te Connectivity PLC | 0.14% | 4,959 | $701K | Add +69.9% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.14% | 2,637 | $678K | Add +95.3% |
| UPS United Parcel Service Class B | 0.14% | 6,132 | $674K | Add +17.8% |
| NTRS Northern Trust Corp. | 0.14% | 6,744 | $671K | Reduce -8.9% |
| DUSB Dimension Ultrashort Fi ETF | 0.14% | 13,111 | $665K | Add +252.0% |
| ORCL Oracle Corp. | 0.14% | 4,749 | $664K | Reduce -1.2% |
| CNQ Canadian Natural Resources | 0.14% | 21,207 | $662K | Add +107.3% |
| ADBE Adobe Inc. | 0.14% | 1,708 | $655K | New |
| META Meta Platforms Inc. Class A | 0.14% | 1,134 | $654K | Reduce -4.7% |
Other holdings (15): bonds, preferreds, convertibles and warrants · $14K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CITIGROUP CAPITAL XIII (C V0 10/30/40) | C.PRN | 65 | $2K | No change |
| CHS INC (CHSINC V6.75 PERP 3) | PFD | 67 | $2K | No change |
| CHS INC (CHSINC V7.1 PERP 2) | PREFERRED STOCK | 65 | $2K | No change |
| MORGAN STANLEY (MS 6.875 PERP F) | PFD | 61 | $2K | No change |
| MORGAN STANLEY (MS 6.375 PERP I) | Preferred Stock | 49 | $1K | No change |
| FIFTH THIRD BANCORP (FITB V7.67122 PERP I) | PFD | 46 | $1K | No change |
| MORGAN STANLEY (MS 7.125 PERP E) | PFD | 45 | $1K | No change |
| WINTRUST FINANCIAL CORP (WTFC V6.5 PERP D) | Equity Preference | 41 | $1K | No change |
| GOLDMAN SACHS GROUP INC (GS F PERP D) | Preferred Stock | 33 | $729 | No change |
| MORGAN STANLEY (MS F PERP +A) | COM | 22 | $509 | No change |
| CHARLES SCHWAB CORP (SCHW 5.95 PERP D) | Common Stock | 17 | $423 | No change |
| VALLEY NATIONAL BANCORP (VLY V6.25 PERP A) | VLYPP | 16 | $394 | No change |
| SCE TRUST V (EIX V5.45 PERP K) | SCEPRK | 16 | $367 | No change |
| SCE TRUST IV (EIX V0 PERP J) | PFD | 8 | $178 | No change |
| AMTRUST FINANCIAL SERVIC (AFSI 7.5 09/15/55) | Equity | 7 | $114 | No change |
Total filed on the 13F, all lines: $483.8M.
Portfolio Sells Q4 2024 → Q1 2025
| IEI iShares 3-7 Year Treasury Bo | Reduce -68.2% | 0.41% | −0.88 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -60.9% | 0.37% | −0.60 |
| VONE Vanguard Russell 1000 | Reduce -65.1% | 0.29% | −0.60 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -77.4% | 0.16% | −0.58 |
| SHM SS SPDR N Ice St Muni ETF | Reduce -65.7% | 0.25% | −0.50 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -2.3% | 3.84% | −0.46 |
| GOOGL Alphabet Inc. Class A | Reduce -0.6% | 1.70% | −0.45 |
| BIV Vanguard Intermediate-Term B | Reduce -64.8% | 0.23% | −0.43 |
| AVGO Broadcom Inc. | Reduce -13.6% | 0.66% | −0.43 |
| ISTB iShares Core 1-5 Year Usd Bo | Reduce -77.5% | 0.10% | −0.36 |
| SUB iShares Short-Term National | Reduce -59.7% | 0.20% | −0.31 |
| AAPL Apple Inc. | Reduce -1.5% | 1.68% | −0.30 |
| MSFT Microsoft Corp. | Reduce -0.4% | 1.73% | −0.28 |
| CAT Caterpillar Inc. | Reduce -7.6% | 0.93% | −0.21 |
| MCHP Microchip Technology Inc. | Reduce -47.9% | 0.12% | −0.15 |
| CRM Salesforce Inc. | Reduce -89.5% | 0.01% | −0.15 |
| VT Vanguard Tot World STK ETF | Reduce -8.9% | 0.96% | −0.14 |
| HON Honeywell International Inc. | Reduce -4.5% | 0.92% | −0.14 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -4.7% | 2.03% | −0.14 |
| AMZN Amazon.com Inc. | Reduce -6.5% | 0.48% | −0.13 |
| VIGI Vanguard Int Div App Indx FD | Reduce -9.4% | 1.20% | −0.11 |
| DUK Duke Energy Corp. | Reduce -48.9% | 0.15% | −0.11 |
| TXT Textron Inc. | Reduce -60.5% | 0.06% | −0.11 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -2.6% | 0.91% | −0.10 |
| DIS The Walt Disney Co. | Reduce -2.4% | 0.52% | −0.10 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.6% | 5.78% | −0.08 |
| USB US Bancorp | Reduce -7.2% | 0.32% | −0.08 |
| PAYX Paychex Inc. | Reduce -32.8% | 0.20% | −0.08 |
| GIS General Mills Inc. | Reduce -0.2% | 0.78% | −0.08 |
| AFL Aflac Inc. | Reduce -33.2% | 0.17% | −0.07 |
| ITW Illinois Tool Works | Reduce -4.9% | 0.68% | −0.07 |
| VIOV Vanguard S&P Small-Cap 600 V | Reduce -1.4% | 0.39% | −0.06 |
| AZPN Aspen Technology Inc. | Sold out | 0.00% | −0.06 |
| NEE Nextera Energy Inc. | Reduce -0.5% | 1.33% | −0.06 |
| BAC Bank of America Corp. | Reduce -2.6% | 0.49% | −0.05 |
| CVS CVS Health Corp. | Reduce -94.1% | 0.01% | −0.05 |
| WFC Wells Fargo & Co. | Reduce -19.9% | 0.19% | −0.05 |
| VOO Vanguard S&P 500 ETF | Reduce -30.9% | 0.08% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -48.8% | 0.04% | −0.04 |
| ABT Abbott Laboratories | Reduce -32.7% | 0.13% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -3.0% | 1.13% | −0.04 |
| SF Stifel Financial Corp. | Reduce -11.6% | 0.11% | −0.04 |
| ORCL Oracle Corp. | Reduce -1.2% | 0.14% | −0.03 |
| SCHO Schwab Short-Term US Treas | Reduce -22.3% | 0.10% | −0.03 |
| HLI Houlihan Lokey Inc. | Reduce -10.7% | 0.13% | −0.03 |
| CSX CSX Corp. | Reduce -0.1% | 0.24% | −0.03 |
| LSTR Landstar System Inc. | Reduce -23.2% | 0.05% | −0.03 |
| CBRE CBRE Group Inc. Class A | Reduce -15.4% | 0.12% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -0.6% | 1.45% | −0.03 |
| NFLX Netflix Inc. | Reduce -34.2% | 0.05% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| VTIP Vanguard Short-Term Tips | Add +43.4% | 15.29% | +4.64 |
| DFSD Dimensional Short Duration | Add +31.9% | 2.18% | +0.50 |
| RSPU Invesco S&P 500 Equal Weight | Add +90.4% | 0.98% | +0.48 |
| DFAT Dimensional US Target Value | Add +143.2% | 0.74% | +0.40 |
| BWZ State Street SPDR Bloomberg | New | 0.24% | +0.24 |
| HSY The Hershey Co. | Add +184.7% | 0.32% | +0.21 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +1.3% | 3.02% | +0.20 |
| SGOV iShares 0-3 Month Treasury B | Add +17.5% | 1.48% | +0.19 |
| JEPI JPMorgan Equity Premium Inco | New | 0.17% | +0.17 |
| DFIC Dimensional International Co. | Add +0.4% | 3.39% | +0.16 |
| JNJ Johnson & Johnson | Add +5.0% | 1.07% | +0.16 |
| ADBE Adobe Inc. | New | 0.14% | +0.14 |
| GOOG Alphabet Inc. Class C | Add +1125.9% | 0.15% | +0.13 |
| DFLV Dim US Large Cap Value ETF | Add +15.9% | 0.89% | +0.11 |
| TGT Target Corp. | New | 0.10% | +0.10 |
| BDX Becton Dickinson and Co. | Add +33.8% | 0.42% | +0.10 |
| DUSB Dimension Ultrashort Fi ETF | Add +252.0% | 0.14% | +0.10 |
| HII Huntington Ingalls Industrie | Add +91.2% | 0.15% | +0.08 |
| CVX Chevron Corp. | Add +0.1% | 0.70% | +0.08 |
| CACI Caci International Inc. Class A | Add +73.2% | 0.22% | +0.08 |
| FTV Fortive Corp. | New | 0.07% | +0.07 |
| CNQ Canadian Natural Resources | Add +107.3% | 0.14% | +0.07 |
| EFA iShares MSCI Eafe ETF | Add +124.0% | 0.12% | +0.07 |
| PFE Pfizer Inc. | Add +121.3% | 0.13% | +0.07 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +95.3% | 0.14% | +0.06 |
| MDT Medtronic PLC | Add +27.3% | 0.21% | +0.06 |
| TEL Te Connectivity PLC | Add +69.9% | 0.14% | +0.06 |
| SJM The JM Smucker Co. | Add +561.0% | 0.06% | +0.05 |
| SYY Sysco Corp. | New | 0.05% | +0.05 |
| DCI Donaldson Co. Inc. | New | 0.04% | +0.04 |
| CGCP Cap Group Core Plus Income | Add +6.2% | 0.88% | +0.04 |
| GUNR NT Mstar GLBL NR ETF | Add +14.1% | 0.24% | +0.04 |
| ZBH Zimmer Biomet Holdings Inc. | Add +1.2% | 0.43% | +0.02 |
| XOM Exxon Mobil Corp. | Add +3.2% | 0.22% | +0.02 |
| GNTX Gentex Corp. | New | 0.02% | +0.02 |
| NSRGY Nestle SA-Spons ADR | Add +6.4% | 0.09% | +0.02 |
| GFI Gold Fields Ltd.-Spons ADR | New | 0.02% | +0.02 |
| HMY Harmony Gold MNG-Spon ADR | New | 0.02% | +0.02 |
| LKQ LKQ Corp. | Add +8.1% | 0.10% | +0.02 |
| DFIV Dimensional International Va | Add +7.7% | 0.13% | +0.02 |
| GD General Dynamics Corp. | Add +0.6% | 1.38% | +0.02 |
| PAAS Pan American Silver Corp. | New | 0.02% | +0.02 |
| SCHD Schwab US DVD Equity ETF | Add +28.7% | 0.07% | +0.02 |
| SCHR Schwab Intermediate-Term US | Add +9.3% | 0.16% | +0.01 |
| DISV Dimensional International SM | Add +24.3% | 0.04% | +0.01 |
| GDX Vaneck Gold Miners ETF | Add +17.7% | 0.03% | +0.01 |
| UNH Unitedhealth Group Inc. | Add +0.6% | 0.79% | +0.01 |
| PRKS United Parks & Resorts Inc. | New | 0.01% | +0.01 |
| OMC Omnicom Group | Add +13.1% | 0.16% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +3.9% | 0.24% | +0.01 |
Notes & Other Activity Q4 2024 → Q1 2025
| ASPEN INSURANCE HLDG LTD (AHL V9.62352 PERP) | G05384154 | Sold out | 25 | $641before 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 | 181 | $591.7M | VTIP, VIG, VTV, DFIC, FNDF |
| Q1 2026Amended | 184 | $554.6M | VTIP, VIG, VTV, DFIC, FNDF |
| Q4 2025 | 180 | $547.3M | VTIP, VIG, VTV, DFIC, FNDF |
| Q3 2025 | 174 | $529.8M | VTIP, VIG, VTV, DFIC, VBR |
| Q2 2025 | 173 | $498.1M | VTIP, VIG, VTV, VBR, DFIC |
| Q1 2025 | 305 | $483.7M | VTIP, VIG, VTV, VBR, DFIC |
| Q4 2024 | 314 | $470.3M | VTIP, VIG, VTV, VBR, DFIC |
| Q3 2024 | 276 | $475.8M | VTIP, VTV, VIG, VBR, DFIC |
| Q2 2024 | 285 | $439.5M | VTIP, VTV, VIG, VBR, DFIC |
| Q1 2024 | 266 | $421.4M | VTIP, VTV, VIG, VBR, DFIC |