Studio Investment Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 30, 2025), Studio Investment Management LLC reported 173 stock positions worth $498.1 million. Its top holding was Vanguard Short-Term Tips (VTIP) at 15.8% of the portfolio, followed by Vanguard Dividend Apprec ETF (VIG, 6.0%) and Vanguard Mrngstr Val ETF-Aui (VTV, 5.7%). Compared with Q1 2025, it opened 6 new positions, sold out of 138, added to 64 and reduced 97. The biggest buy was Vanguard Short-Term Tips (VTIP, shares +5%) and the biggest sale Vanguard S/T Corp. Bond ETF (VCSH, shares −24%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001893893
- Portfolio Value
- $498.1M (Q2 2025)
- SEC Filing
- 0001893893-25-000004 ↗ filed Jul 30, 2025
Holdings Value
Holdings 173 stocks · $498.1M
| VTIP Vanguard Short-Term Tips | 15.77% | 1,562,640 | $78.6M | Add +5.4% |
| VIG Vanguard Dividend Apprec ETF | 5.99% | 145,259 | $29.9M | Add +0.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 5.71% | 160,148 | $28.5M | Reduce -1.1% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 3.67% | 93,413 | $18.3M | Reduce -6.3% |
| DFIC Dimensional International Co. | 3.62% | 580,277 | $18.0M | Reduce -1.7% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 3.24% | 403,599 | $16.2M | Reduce -0.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.86% | 29,375 | $14.3M | Reduce -1.1% |
| VGSH Vanguard Short-Term Treasury | 2.38% | 202,076 | $11.9M | Add +7.8% |
| DFSD Dimensional Short Duration | 2.28% | 236,529 | $11.4M | Add +6.4% |
| MSFT Microsoft Corp. | 2.17% | 21,752 | $10.8M | Reduce -2.2% |
| GOOGL Alphabet Inc. Class A | 1.84% | 52,063 | $9.2M | Reduce -2.2% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.50% | 93,927 | $7.5M | Reduce -24.3% |
| AAPL Apple Inc. | 1.48% | 36,007 | $7.4M | Reduce -1.6% |
| GD General Dynamics Corp. | 1.40% | 23,912 | $7.0M | Reduce -2.6% |
| DFEM Dimensional Emrg MRKT Core | 1.34% | 224,160 | $6.7M | Reduce -0.2% |
| SGOV iShares 0-3 Month Treasury B | 1.31% | 64,586 | $6.5M | Reduce -9.1% |
| PG The Procter & Gamble Co. | 1.30% | 40,785 | $6.5M | Reduce -1.1% |
| JPM JPMorgan Chase & Co. | 1.28% | 21,916 | $6.4M | Reduce -1.5% |
| NEE Nextera Energy Inc. | 1.25% | 89,486 | $6.2M | Reduce -1.1% |
| VIGI Vanguard Int Div App Indx FD | 1.23% | 67,946 | $6.1M | Reduce -2.8% |
| RSPU Invesco S&P 500 Equal Weight | 1.22% | 85,422 | $6.1M | Add +25.0% |
| VT Vanguard Tot World STK ETF | 1.07% | 41,321 | $5.3M | Add +3.3% |
| RTX RTX Corp. | 1.06% | 36,208 | $5.3M | Reduce -1.8% |
| VTI VG Morningstar TS MKT ETF-US | 1.02% | 16,675 | $5.1M | Add +3.9% |
| CAT Caterpillar Inc. | 0.99% | 12,739 | $4.9M | Reduce -6.8% |
| HON Honeywell International Inc. | 0.97% | 20,843 | $4.9M | Reduce -1.4% |
| AVGO Broadcom Inc. | 0.95% | 17,203 | $4.7M | Reduce -9.3% |
| CSCO Cisco Systems Inc. | 0.95% | 67,955 | $4.7M | Reduce -1.2% |
| JNJ Johnson & Johnson | 0.94% | 30,524 | $4.7M | Reduce -1.8% |
| DFLV Dim US Large Cap Value ETF | 0.91% | 145,873 | $4.5M | Add +3.4% |
| CGCP Cap Group Core Plus Income | 0.87% | 193,308 | $4.3M | Add +1.9% |
| DFAT Dimensional US Target Value | 0.81% | 75,188 | $4.1M | Add +8.6% |
| MRK Merck & Co. Inc. | 0.69% | 43,051 | $3.4M | Reduce -0.0% |
| AMGN Amgen Inc. | 0.66% | 11,777 | $3.3M | Reduce -0.4% |
| ITW Illinois Tool Works | 0.66% | 13,145 | $3.3M | Reduce -1.0% |
| BLK BlackRock Inc. | 0.64% | 3,032 | $3.2M | Reduce -1.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.63% | 25,173 | $3.1M | Reduce -1.3% |
| DHI D.R. Horton Inc. | 0.60% | 23,295 | $3.0M | Reduce -1.1% |
| CVX Chevron Corp. | 0.58% | 20,317 | $2.9M | Add +0.0% |
| GIS General Mills Inc. | 0.58% | 55,723 | $2.9M | Reduce -11.5% |
| CTVA Corteva Inc. | 0.55% | 36,534 | $2.7M | Add +0.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.54% | 56,532 | $2.7M | Reduce -0.4% |
| AMZN Amazon.com Inc. | 0.53% | 12,039 | $2.6M | Reduce -1.7% |
| LNT Alliant Energy Corp. | 0.52% | 42,612 | $2.6M | Reduce -1.3% |
| PEP Pepsico Inc. | 0.49% | 18,384 | $2.4M | Add +4.1% |
| UNH Unitedhealth Group Inc. | 0.47% | 7,427 | $2.3M | Add +2.3% |
| DE Deere & Co. | 0.45% | 4,425 | $2.3M | Reduce -12.0% |
| UNP Union Pacific Corp. | 0.45% | 9,656 | $2.2M | Reduce -0.3% |
| VIOV Vanguard S&P Small-Cap 600 V | 0.43% | 24,815 | $2.1M | Add +9.7% |
| JCI Johnson Controls Internation | 0.41% | 19,352 | $2.1M | Reduce -0.4% |
| NOC Northrop Grumman Corp. | 0.41% | 4,064 | $2.0M | Reduce -1.1% |
| VIOG Vanguard S&P SM Cap 600 GRW | 0.39% | 17,011 | $2.0M | Add +1.2% |
| HSY The Hershey Co. | 0.38% | 11,303 | $1.9M | Add +25.1% |
| BDX Becton Dickinson and Co. | 0.36% | 10,303 | $1.8M | Add +15.3% |
| CACI Caci International Inc. Class A | 0.34% | 3,556 | $1.7M | Add +23.0% |
| ZBH Zimmer Biomet Holdings Inc. | 0.34% | 18,385 | $1.7M | Add +1.2% |
| VONE Vanguard Russell 1000 | 0.29% | 5,133 | $1.4M | Reduce -6.2% |
| BWZ State Street SPDR Bloomberg | 0.28% | 50,255 | $1.4M | Add +12.0% |
| USB US Bancorp | 0.27% | 29,873 | $1.4M | Reduce -17.1% |
| IEI iShares 3-7 Year Treasury Bo | 0.27% | 11,407 | $1.4M | Reduce -31.6% |
| CSX CSX Corp. | 0.26% | 38,964 | $1.3M | Reduce -0.3% |
| PDN Inv Rafi Dev MKT US SM-Usdin | 0.25% | 32,575 | $1.3M | Reduce -1.7% |
| VWO Vanguard Ftse Emerging Marke | 0.25% | 25,013 | $1.2M | Reduce -3.3% |
| ADBE Adobe Inc. | 0.24% | 3,106 | $1.2M | Add +81.8% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 0.24% | 11,973 | $1.2M | Reduce -33.9% |
| GQRE NT GLBL Qual Re ETF | 0.24% | 19,676 | $1.2M | Reduce -3.2% |
| CHRW C.H. Robinson Worldwide Inc. | 0.23% | 11,799 | $1.1M | Reduce -0.1% |
| GUNR NT Mstar GLBL NR ETF | 0.23% | 28,370 | $1.1M | Reduce -3.4% |
| TCAF T Rowe PRC Cap Appreciation | 0.23% | 32,144 | $1.1M | Add +0.3% |
| QLTY GMO U.S. Quality ETF | 0.23% | 32,908 | $1.1M | Add +0.5% |
| SCHR Schwab Intermediate-Term US | 0.23% | 44,868 | $1.1M | Add +40.8% |
| MDT Medtronic PLC | 0.22% | 12,610 | $1.1M | Add +11.1% |
| TDVG T Rowe Price Dividend Growth | 0.22% | 25,851 | $1.1M | Reduce -0.2% |
| TEL Te Connectivity PLC | 0.22% | 6,376 | $1.1M | Add +28.6% |
| ORCL Oracle Corp. | 0.21% | 4,796 | $1.0M | Add +1.0% |
| WFC Wells Fargo & Co. | 0.20% | 12,562 | $1.0M | Reduce -1.0% |
| TGT Target Corp. | 0.20% | 9,934 | $980K | Add +108.3% |
| ECL Ecolab Inc. | 0.19% | 3,543 | $957K | Reduce -3.5% |
| JEPI JPMorgan Equity Premium Inco | 0.19% | 16,586 | $943K | Add +15.1% |
| XOM Exxon Mobil Corp. | 0.19% | 8,626 | $930K | Reduce -2.3% |
| LOW Lowe's Cos Inc. | 0.18% | 3,975 | $882K | Add +3.6% |
| PAYX Paychex Inc. | 0.18% | 6,051 | $880K | Reduce -3.7% |
| HII Huntington Ingalls Industrie | 0.17% | 3,538 | $854K | Reduce -3.5% |
| NTRS Northern Trust Corp. | 0.17% | 6,595 | $841K | Reduce -2.2% |
| DUSB Dimension Ultrashort Fi ETF | 0.17% | 16,477 | $836K | Add +25.7% |
| META Meta Platforms Inc. Class A | 0.17% | 1,128 | $833K | Reduce -0.5% |
| GOOG Alphabet Inc. Class C | 0.17% | 4,691 | $832K | Add +4.3% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.17% | 2,881 | $824K | Add +9.3% |
| ENB Enbridge Inc. | 0.16% | 17,633 | $799K | Reduce -4.1% |
| AFL Aflac Inc. | 0.16% | 7,336 | $774K | Reduce -1.0% |
| APD Air Products & Chemicals Inc. | 0.15% | 2,667 | $752K | Add +5.5% |
| EFA iShares MSCI Eafe ETF | 0.15% | 8,227 | $735K | Add +20.8% |
| UPS United Parcel Service Class B | 0.15% | 7,235 | $730K | Add +18.0% |
| PFE Pfizer Inc. | 0.15% | 30,099 | $730K | Add +22.8% |
| DFIV Dimensional International Va | 0.14% | 16,487 | $706K | Add +5.0% |
| HLI Houlihan Lokey Inc. | 0.14% | 3,910 | $704K | Reduce -0.9% |
| OMC Omnicom Group | 0.14% | 9,641 | $700K | Add +5.8% |
| SHM SS SPDR N Ice St Muni ETF | 0.14% | 14,635 | $700K | Reduce -42.7% |
| BIV Vanguard Intermediate-Term B | 0.14% | 8,905 | $689K | Reduce -38.8% |
| MCHP Microchip Technology Inc. | 0.14% | 9,753 | $686K | Reduce -15.3% |
Portfolio Sells Q1 2025 → Q2 2025
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -24.3% | 1.50% | −0.53 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.1% | 2.86% | −0.41 |
| GIS General Mills Inc. | Reduce -11.5% | 0.58% | −0.20 |
| AAPL Apple Inc. | Reduce -1.6% | 1.48% | −0.20 |
| SGOV iShares 0-3 Month Treasury B | Reduce -9.1% | 1.31% | −0.17 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -6.3% | 3.67% | −0.17 |
| PG The Procter & Gamble Co. | Reduce -1.1% | 1.30% | −0.15 |
| CNQ Canadian Natural Resources | Sold out | 0.00% | −0.14 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -31.6% | 0.27% | −0.13 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -33.9% | 0.24% | −0.13 |
| SUB iShares Short-Term National | Reduce -63.7% | 0.07% | −0.13 |
| JNJ Johnson & Johnson | Reduce -1.8% | 0.94% | −0.13 |
| MRK Merck & Co. Inc. | Reduce -0.0% | 0.69% | −0.11 |
| SHM SS SPDR N Ice St Muni ETF | Reduce -42.7% | 0.14% | −0.11 |
| SCHO Schwab Short-Term US Treas | Sold out | 0.00% | −0.10 |
| AMGN Amgen Inc. | Reduce -0.4% | 0.66% | −0.10 |
| BIV Vanguard Intermediate-Term B | Reduce -38.8% | 0.14% | −0.09 |
| NEE Nextera Energy Inc. | Reduce -1.1% | 1.25% | −0.08 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -41.2% | 0.09% | −0.07 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.1% | 5.71% | −0.07 |
| LNT Alliant Energy Corp. | Reduce -1.3% | 0.52% | −0.06 |
| USB US Bancorp | Reduce -17.1% | 0.27% | −0.04 |
| DUK Duke Energy Corp. | Reduce -25.1% | 0.10% | −0.04 |
| IFF Intl Flavors & Fragrances | Sold out | 0.00% | −0.04 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.04 |
| IEX Idex Corp. | Sold out | 0.00% | −0.04 |
| TDY Teledyne Technologies Inc. | Sold out | 0.00% | −0.04 |
| J Jacobs Solutions Inc. | Sold out | 0.00% | −0.04 |
| BAH Booz Allen Hamilton Holdings | Sold out | 0.00% | −0.04 |
| DE Deere & Co. | Reduce -12.0% | 0.45% | −0.04 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Sold out | 0.00% | −0.04 |
| VEEV Veeva Systems Inc. Class A | Sold out | 0.00% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -2.3% | 0.19% | −0.03 |
| ITW Illinois Tool Works | Reduce -1.0% | 0.66% | −0.03 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −0.03 |
| BMO Bank of Montreal | Sold out | 0.00% | −0.03 |
| ISTB iShares Core 1-5 Year Usd Bo | Reduce -24.6% | 0.08% | −0.03 |
| NOC Northrop Grumman Corp. | Reduce -1.1% | 0.41% | −0.03 |
| UNP Union Pacific Corp. | Reduce -0.3% | 0.45% | −0.03 |
| INTC Intel Corp. | Sold out | 0.00% | −0.03 |
| IGSB iShares 1-5Y Inv Grade Corp. | Sold out | 0.00% | −0.03 |
| PAYX Paychex Inc. | Reduce -3.7% | 0.18% | −0.02 |
| BUSE First Busey Corp. | Sold out | 0.00% | −0.02 |
| BRO Brown & Brown Inc. | Reduce -1.8% | 0.13% | −0.02 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -0.1% | 0.23% | −0.02 |
| QUAL iShares MSCI USA Quality Fac | Sold out | 0.00% | −0.02 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.02 |
| GNTX Gentex Corp. | Sold out | 0.00% | −0.02 |
| BWA Borgwarner Inc. | Sold out | 0.00% | −0.02 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| VTIP Vanguard Short-Term Tips | Add +5.4% | 15.77% | +0.48 |
| RSPU Invesco S&P 500 Equal Weight | Add +25.0% | 1.22% | +0.24 |
| VIG Vanguard Dividend Apprec ETF | Add +0.6% | 5.99% | +0.20 |
| AES AES Corp. | New | 0.13% | +0.13 |
| CACI Caci International Inc. Class A | Add +23.0% | 0.34% | +0.12 |
| VGSH Vanguard Short-Term Treasury | Add +7.8% | 2.38% | +0.11 |
| VTI VG Morningstar TS MKT ETF-US | Add +3.9% | 1.02% | +0.11 |
| VT Vanguard Tot World STK ETF | Add +3.3% | 1.07% | +0.11 |
| ADBE Adobe Inc. | Add +81.8% | 0.24% | +0.11 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | New | 0.10% | +0.10 |
| DFSD Dimensional Short Duration | Add +6.4% | 2.28% | +0.10 |
| TGT Target Corp. | Add +108.3% | 0.20% | +0.09 |
| DFAT Dimensional US Target Value | Add +8.6% | 0.81% | +0.08 |
| CTVA Corteva Inc. | Add +0.9% | 0.55% | +0.08 |
| ORCL Oracle Corp. | Add +1.0% | 0.21% | +0.07 |
| TEL Te Connectivity PLC | Add +28.6% | 0.22% | +0.07 |
| SJM The JM Smucker Co. | Add +167.4% | 0.12% | +0.07 |
| SYY Sysco Corp. | Add +146.4% | 0.11% | +0.07 |
| DCI Donaldson Co. Inc. | Add +144.6% | 0.11% | +0.06 |
| SCHR Schwab Intermediate-Term US | Add +40.8% | 0.23% | +0.06 |
| HSY The Hershey Co. | Add +25.1% | 0.38% | +0.06 |
| PYLD PIMCO Multisector Bond Actv | New | 0.05% | +0.05 |
| EVTR Eaton Vance Total Return | New | 0.04% | +0.04 |
| DLN Wisdomtree US Largecap Divid | New | 0.04% | +0.04 |
| SCHG Schwab US Large-Cap Growth | New | 0.04% | +0.04 |
| BWZ State Street SPDR Bloomberg | Add +12.0% | 0.28% | +0.04 |
| VIOV Vanguard S&P Small-Cap 600 V | Add +9.7% | 0.43% | +0.03 |
| EFA iShares MSCI Eafe ETF | Add +20.8% | 0.15% | +0.03 |
| DUSB Dimension Ultrashort Fi ETF | Add +25.7% | 0.17% | +0.03 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +9.3% | 0.17% | +0.03 |
| DISV Dimensional International SM | Add +37.6% | 0.07% | +0.02 |
| GOOG Alphabet Inc. Class C | Add +4.3% | 0.17% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +17.7% | 0.10% | +0.02 |
| VIOG Vanguard S&P SM Cap 600 GRW | Add +1.2% | 0.39% | +0.02 |
| JEPI JPMorgan Equity Premium Inco | Add +15.1% | 0.19% | +0.02 |
| PFE Pfizer Inc. | Add +22.8% | 0.15% | +0.02 |
| DFLV Dim US Large Cap Value ETF | Add +3.4% | 0.91% | +0.02 |
| QLTY GMO U.S. Quality ETF | Add +0.5% | 0.23% | +0.01 |
| DFIV Dimensional International Va | Add +5.0% | 0.14% | +0.01 |
| TCAF T Rowe PRC Cap Appreciation | Add +0.3% | 0.23% | +0.01 |
| DFAI Dimensional International Co. | Add +3.5% | 0.11% | +0.01 |
| MDT Medtronic PLC | Add +11.1% | 0.22% | +0.01 |
| LFUS Littelfuse Inc. | Add +0.4% | 0.09% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +6.1% | 0.12% | +0.01 |
| UPS United Parcel Service Class B | Add +18.0% | 0.15% | +0.01 |
| CDW CDW Corp. | Add +0.0% | 0.08% | +0.01 |
| OSEA Harbor Intl Compounders ETF | Add +0.4% | 0.09% | +0.01 |
| ZBRA Zebra Technologies Corp. Class A | Add +0.5% | 0.10% | +0.01 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +3.3% | 0.13% | +0.01 |
| HSIC Henry Schein Inc. | Add +1.2% | 0.07% | +0.00 |
Notes & Other Activity Q1 2025 → Q2 2025
| CITIGROUP CAPITAL XIII (C V0 10/30/40) | C.PRN | Sold out | 65 | $2Kbefore exit |
| CHS INC (CHSINC V6.75 PERP 3) | PFD | Sold out | 67 | $2Kbefore exit |
| CHS INC (CHSINC V7.1 PERP 2) | PREFERRED STOCK | Sold out | 65 | $2Kbefore exit |
| MORGAN STANLEY (MS 6.875 PERP F) | PFD | Sold out | 61 | $2Kbefore exit |
| MORGAN STANLEY (MS 6.375 PERP I) | Preferred Stock | Sold out | 49 | $1Kbefore exit |
| FIFTH THIRD BANCORP (FITB V7.67122 PERP I) | PFD | Sold out | 46 | $1Kbefore exit |
| MORGAN STANLEY (MS 7.125 PERP E) | PFD | Sold out | 45 | $1Kbefore exit |
| WINTRUST FINANCIAL CORP (WTFC V6.5 PERP D) | Equity Preference | Sold out | 41 | $1Kbefore exit |
| GOLDMAN SACHS GROUP INC (GS F PERP D) | Preferred Stock | Sold out | 33 | $729before exit |
| MORGAN STANLEY (MS F PERP +A) | COM | Sold out | 22 | $509before exit |
| CHARLES SCHWAB CORP (SCHW 5.95 PERP D) | Common Stock | Sold out | 17 | $423before exit |
| VALLEY NATIONAL BANCORP (VLY V6.25 PERP A) | VLYPP | Sold out | 16 | $394before exit |
| SCE TRUST V (EIX V5.45 PERP K) | SCEPRK | Sold out | 16 | $367before exit |
| SCE TRUST IV (EIX V0 PERP J) | PFD | Sold out | 8 | $178before exit |
| AMTRUST FINANCIAL SERVIC (AFSI 7.5 09/15/55) | Equity | Sold out | 7 | $114before 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 |