Thurston, Springer, Miller, Herd & Titak, Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 7, 2025), Thurston, Springer, Miller, Herd & Titak, Inc. reported 542 stock positions worth $50.5 million. Its top holding was Alps Oshares US Quality Divi (OUSA) at 6.5% of the portfolio, followed by Apple (AAPL, 5.0%) and Microsoft (MSFT, 3.7%). Compared with Q2 2025, it opened 25 new positions, sold out of 1,141, added to 8 and reduced 483. The biggest buy was a new position in iShares Govt MMKT ETF (GMMF) and the biggest sale Nvidia (NVDA, shares −98%).

Most Recent 13F
Q2 2026
Location
INDIANAPOLIS, IN
CIK
0000319933
Portfolio Value
$50.5M (Q3 2025)
SEC Filing
0000319933-25-000016 ↗ filed Oct 7, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $249.1M Q1 2024 Q2 2024: $319.4M Q2 2024 Q3 2024: $359.9M Q3 2024 Q4 2024: $494.7M Q4 2024 Q1 2025: $594.5M Q1 2025 Q2 2025: $775.0M Q2 2025 Q3 2025: $50.5M $50.5M Q3 2025 Q4 2025: $285.2M Q4 2025 Q1 2026: $242.2M Q1 2026 Q2 2026: $274.5M Q2 2026

Holdings 542 stocks · $50.5M

OUSA Alps Oshares US Quality Divi 6.50% 58,050 $3.3M Reduce -88.9%
AAPL Apple Inc. 5.02% 9,957 $2.5M Reduce -87.8%
MSFT Microsoft Corp. 3.68% 3,585 $1.9M Reduce -95.1%
NVDA Nvidia Corp. 2.19% 5,927 $1.1M Reduce -97.9%
OUSM Alps Oshares US Small-Cap Qu 1.73% 19,475 $872K Reduce -91.9%
AVGO Broadcom Inc. 1.55% 2,370 $782K Reduce -94.8%
GMMF iShares Govt MMKT ETF 1.41% 7,102 $714K New
BRK.B Berkshire Hathaway Inc. Class B 1.37% 1,381 $694K Reduce -89.2%
LLY Eli Lilly & Co. 1.09% 722 $552K Reduce -96.2%
VOO Vanguard S&P 500 ETF 0.95% 781 $478K Reduce -92.1%
ACVU Hartford Alpha Cap Val ETF 0.90% 17,119 $455K Reduce -76.5%
HD Home Depot Inc. 0.90% 1,121 $454K Reduce -92.8%
COST Costco Wholesale Corp. 0.88% 478 $442K Reduce -91.2%
ABT Abbott Laboratories 0.85% 3,208 $430K Reduce -91.5%
WMT Walmart Inc. 0.84% 4,112 $424K Reduce -93.8%
BLK BlackRock Inc. 0.83% 360 $420K Reduce -89.5%
CTAS Cintas Corp. 0.81% 1,998 $410K Reduce -93.1%
WEC WEC Energy Group Inc. 0.78% 3,419 $392K Reduce -93.2%
SYK Stryker Corp. 0.77% 1,054 $390K Reduce -91.6%
CSCO Cisco Systems Inc. 0.76% 5,579 $382K Reduce -93.8%
TSLA Tesla Inc. 0.75% 853 $379K Reduce -95.0%
RDVY First Trust Rising Dividend 0.75% 5,600 $377K Reduce -92.1%
AMZN Amazon.com Inc. 0.73% 1,676 $368K Reduce -96.8%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.68% 361 $344K Reduce -93.5%
MCD McDonald's Corp. 0.66% 1,103 $335K Reduce -94.0%
NEE Nextera Energy Inc. 0.66% 4,429 $334K Reduce -91.8%
PG The Procter & Gamble Co. 0.66% 2,168 $333K Reduce -94.0%
ITW Illinois Tool Works 0.66% 1,276 $333K Reduce -92.9%
ADP Automatic Data Processing 0.66% 1,128 $331K Reduce -93.1%
LOW Lowe's Cos Inc. 0.65% 1,312 $330K Reduce -90.9%
BRO Brown & Brown Inc. 0.65% 3,488 $327K Reduce -91.4%
TXN Texas Instruments Inc. 0.64% 1,772 $326K Reduce -93.1%
GD General Dynamics Corp. 0.64% 952 $325K Reduce -93.3%
PAYX Paychex Inc. 0.63% 2,526 $320K Reduce -93.3%
ADI Analog Devices Inc. 0.61% 1,250 $307K Reduce -92.8%
EMR Emerson Electric Co. 0.61% 2,332 $306K Reduce -93.1%
APH Amphenol Corp. Class A 0.59% 2,422 $300K Reduce -91.3%
LIN Linde PLC 0.59% 626 $297K Reduce -93.1%
GOOGL Alphabet Inc. Class A 0.57% 1,189 $289K Reduce -94.6%
QQQ Invesco QQQ Trust Series 1 0.57% 477 $287K Reduce -96.6%
PSX Phillips 66 0.56% 2,092 $285K Reduce -94.9%
BR Broadridge Financial Solutio 0.56% 1,184 $282K Reduce -92.4%
APD Air Products & Chemicals Inc. 0.56% 1,028 $280K Reduce -92.0%
CMS CMS Energy Corp. 0.55% 3,813 $279K Reduce -90.6%
LHX L3HARRIS Technologies Inc. 0.55% 902 $275K Reduce -92.2%
PEP Pepsico Inc. 0.54% 1,931 $271K Reduce -92.5%
MA Mastercard Inc. Class A 0.54% 476 $271K Reduce -88.8%
CB Chubb Ltd. 0.52% 926 $261K Reduce -93.6%
SBUX Starbucks Corp. 0.50% 3,009 $255K Reduce -91.7%
SPGI S&P Global Inc. 0.50% 523 $255K Reduce -92.8%
ECL Ecolab Inc. 0.50% 920 $252K Reduce -92.4%
PH Parker Hannifin Corp. 0.50% 331 $251K Reduce -85.0%
XYL Xylem Inc. 0.49% 1,691 $249K Reduce -91.7%
ATO Atmos Energy Corp. 0.49% 1,454 $248K Reduce -90.2%
AFL Aflac Inc. 0.49% 2,220 $248K Reduce -93.3%
HON Honeywell International Inc. 0.49% 1,170 $246K Reduce -91.8%
ICE Intercontinental Exchange Inc. 0.48% 1,440 $243K Reduce -90.9%
JPM JPMorgan Chase & Co. 0.48% 766 $242K Reduce -96.3%
JNJ Johnson & Johnson 0.46% 1,254 $232K Reduce -95.5%
LMT Lockheed Martin Corp. 0.46% 462 $231K Reduce -93.9%
MDLZ Mondelez International Inc. Class A 0.44% 3,596 $225K Reduce -93.0%
CBSH Commerce Bancshares Inc. 0.43% 3,647 $218K Reduce -91.7%
SHW The Sherwin-Williams Co. 0.43% 623 $216K Reduce -93.6%
ORCL Oracle Corp. 0.42% 759 $213K Reduce -98.0%
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT 0.42% 7,087 $210K Reduce -94.1%
AXON Axon Enterprise Inc. 0.41% 292 $210K Reduce -92.5%
ETN Eaton Corp. PLC 0.41% 556 $208K Reduce -92.4%
SN Sharkninja Inc. 0.41% 2,007 $207K Reduce -90.8%
LVHI Franklin International Low V 0.41% 5,928 $206K Reduce -90.4%
AMGN Amgen Inc. 0.40% 722 $204K Reduce -93.5%
NJR New Jersey Resources Corp. 0.40% 4,180 $201K Reduce -91.5%
XLK SS Technology Select Sector 0.39% 700 $197K Reduce -94.1%
SDVY First Trust Smid Cap Rising 0.39% 5,168 $196K Reduce -92.2%
CIBR First Trust Nasdaq Cybersecu 0.37% 2,490 $189K Reduce -93.5%
META Meta Platforms Inc. Class A 0.37% 257 $189K Reduce -97.5%
COR Cencora Inc. 0.37% 602 $188K Reduce -93.6%
AWK American Water Works Co. Inc. 0.37% 1,340 $186K Reduce -90.4%
TSM Taiwan Semiconductor-SP ADR 0.37% 663 $185K Reduce -92.3%
CHD Church & Dwight Co. Inc. 0.37% 2,112 $185K Reduce -91.8%
PLD Prologis Inc. 0.37% 1,615 $185K Reduce -92.0%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.37% 1,241 $185K Reduce -91.4%
USLM United States Lime & Mineral 0.36% 1,393 $183K Reduce -89.8%
MDT Medtronic PLC 0.36% 1,912 $182K Reduce -92.7%
ROUS Hartford Multifact US Eqty 0.36% 3,139 $180K Reduce -91.3%
V Visa Inc. Class A 0.35% 522 $178K Reduce -90.5%
UNH Unitedhealth Group Inc. 0.35% 515 $178K Reduce -91.0%
TSCO Tractor Supply Company 0.35% 3,109 $177K Reduce -91.4%
CVX Chevron Corp. 0.35% 1,127 $175K Reduce -95.5%
AIT Applied Industrial Tech Inc. 0.34% 660 $172K Reduce -90.6%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.34% 4,094 $172K Reduce -93.6%
FXL First Trust Technology Alpha 0.34% 1,024 $172K Reduce -88.6%
AOM iShares Core 40/60 Moderate 0.34% 3,600 $171K Reduce -88.6%
PANW Palo Alto Networks Inc. 0.34% 839 $171K Reduce -94.5%
CL Colgate-Palmolive Co. 0.34% 2,125 $170K Reduce -93.8%
BSX Boston Scientific Corp. 0.33% 1,716 $168K Reduce -93.2%
ABBV Abbvie Inc. 0.33% 719 $166K Reduce -94.4%
INTU Intuit Inc. 0.33% 242 $165K Reduce -90.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.32% 246 $164K Reduce -99.1%
INCM Franklin Income Focus ETF 0.32% 5,879 $163K Reduce -84.9%
T AT&T Inc. 0.32% 5,720 $162K Reduce -58.0%

Show all 542 holdings

Portfolio Sells Q2 2025 → Q3 2025

NVDA Nvidia Corp. Reduce -97.9% 2.19% −3.49
SPY SS SPDR S&P 500 ETF Trust-US Reduce -99.1% 0.32% −1.80
MSFT Microsoft Corp. Reduce -95.1% 3.68% −1.05
LLY Eli Lilly & Co. Reduce -96.2% 1.09% −0.83
AMZN Amazon.com Inc. Reduce -96.8% 0.73% −0.78
ACN Accenture PLC Class A Sold out 0.00% −0.70
ORCL Oracle Corp. Reduce -98.0% 0.42% −0.62
META Meta Platforms Inc. Class A Reduce -97.5% 0.37% −0.61
QQQ Invesco QQQ Trust Series 1 Reduce -96.6% 0.57% −0.44
VUG Vanguard Mrngstar GR ETF-Sui Reduce -99.9% 0.01% −0.33
JPM JPMorgan Chase & Co. Reduce -96.3% 0.48% −0.30
UNP Union Pacific Corp. Reduce -98.5% 0.09% −0.28
WMB Williams Cos Inc. Reduce -98.5% 0.07% −0.25
PGR Progressive Corp. Reduce -99.7% 0.01% −0.23
EXCHANGE PLACE ALL CAP Sold out 0.00% −0.23
TROW T Rowe Price Group Inc. Reduce -99.7% 0.01% −0.20
JAVA JPMorgan Active Value ETF Reduce -98.9% 0.04% −0.18
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -99.9% 0.00% −0.18
DIA SS SPDR Dow Jones Indus Avg Reduce -97.1% 0.16% −0.18
CGGR Cap Group Growth Equity Reduce -96.5% 0.24% −0.17
IVV iShares Core S&P 500 ETF Reduce -99.8% 0.01% −0.16
FIRST TRUST Sold out 0.00% −0.16
XOM Exxon Mobil Corp. Reduce -95.9% 0.31% −0.16
IBM Intl Business Machines Corp. Reduce -95.6% 0.26% −0.14
HUBB Hubbell Inc. Reduce -99.2% 0.02% −0.14
VTV Vanguard Mrngstr Val ETF-Aui Reduce -99.9% 0.00% −0.13
VMI Valmont Industries Reduce -99.5% 0.01% −0.13
JEPI JPMorgan Equity Premium Inco Reduce -96.5% 0.14% −0.12
GS Goldman Sachs Group Inc. Sold out 0.00% −0.12
ACWI iShares MSCI Acwi ETF Reduce -97.0% 0.12% −0.12
AXP American Express Co. Sold out 0.00% −0.12
TMUS T-Mobile US Inc. Reduce -99.7% 0.01% −0.12
NFLX Netflix Inc. Reduce -94.8% 0.28% −0.11
SOXL Direx Dail Semi Bu 3X Et-Usd Sold out 0.00% −0.11
CVX Chevron Corp. Reduce -95.5% 0.35% −0.11
ILCG iShares Morningstar Growth E Sold out 0.00% −0.10
JGRO JPMorgan Active Growth ETF Reduce -96.3% 0.16% −0.10
DE Deere & Co. Sold out 0.00% −0.10
IWM iShares Russell 2000 ETF Reduce -99.0% 0.02% −0.09
KR Kroger Co. Reduce -99.2% 0.01% −0.09
JNJ Johnson & Johnson Reduce -95.5% 0.46% −0.09
HBNC Horizon Bancorp Inc. Sold out 0.00% −0.09
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -98.4% 0.03% −0.09
URI United Rentals Inc. Reduce -96.7% 0.15% −0.09
NOC Northrop Grumman Corp. Sold out 0.00% −0.09
HSY The Hershey Co. Reduce -99.7% 0.00% −0.09
CRM Salesforce Inc. Sold out 0.00% −0.08
PG The Procter & Gamble Co. Reduce -94.0% 0.66% −0.08
AVGO Broadcom Inc. Reduce -94.8% 1.55% −0.08
MMM 3M Co. Reduce -98.3% 0.03% −0.08

Portfolio Buys Q2 2025 → Q3 2025

GMMF iShares Govt MMKT ETF New 1.41% +1.41
CEG Constellation Energy Add +30.3% 0.21% +0.20
EME Emcor Group Inc. New 0.19% +0.19
UWM Proshares Ultra RUSSELL2000 Add +18.0% 0.17% +0.16
SONY Sony Group Corp. - SP ADR Add +83.7% 0.16% +0.15
HRTG Heritage Insurance Holdings New 0.13% +0.13
LABU DRXN DLY S&P BT BL 3X ETF-Ui Add +68.7% 0.09% +0.09
FBTC Fidelity Wise Origin Bitcoin New 0.09% +0.09
TECL Dire Dai Tec Bull 3X ETF-Usd New 0.09% +0.09
CDNS Cadence Design SYS Inc. New 0.08% +0.08
DPST Dirx DLY RGNL BNK B3X ETF-Ui New 0.08% +0.08
SIEGY Siemens AG-Spons ADR Add +1347.1% 0.07% +0.07
ROK Rockwell Automation Inc. Add +468.8% 0.06% +0.06
ETH Grayscale Ethereum Staking M New 0.06% +0.06
NAMS Newamsterdam Pharma Co. NV New 0.06% +0.06
SFGBHX Adt 21STR Foud Gro 24-1-Usd New 0.05% +0.05
GLXY Galaxy Digital Inc. Class A New 0.04% +0.04
GUGGENHEIM New 0.04% +0.04
NTDOY Nintendo Co. Ltd.-Unspons ADR Add +135.3% 0.04% +0.04
GDXU Microsectors Gold Miners 3X New 0.04% +0.04
MSFU Direxion Daily MSFT Bull 2X New 0.03% +0.03
MIDU Dirxn DLY Mid Cap BL 3XE-Usi New 0.03% +0.03
TCBI Texas Capital Bancshares Inc. New 0.02% +0.02
IJK iShares S&P Mid-Cap 400 Grow New 0.02% +0.02
IVLU iShares MSCI International V New 0.02% +0.02
INVESTMENT MANAGERS SER TR New 0.02% +0.02
FDLO Fidelity Low Volat Fact ETF New 0.01% +0.01
NFE New Fortress Energy Inc. New 0.01% +0.01
SKYW Skywest Inc. New 0.01% +0.01
FMAG Fidelity Magellan ETF New 0.01% +0.01
FIRST TRUST New 0.01% +0.01
IJT iShares S&P Small-Cap 600 GR Add +20.0% 0.01% +0.00
JD Jd.com Inc.-ADR New 0.00% +0.00

Notes & Other Activity Q2 2025 → Q3 2025

BLACKROCK CORE BOND TRUST COM Sold out 4,000 $439before exit
GDEC FT Vest US Equity Moderate B FT VEST US EQT Sold out 0 $0before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1,215$274.5MAAPL, MSFT, NVDA, LLY, ORCL
Q1 2026 1,322$242.2MAAPL, MSFT, NVDA, OUSA, RDVY
Q4 2025 1,340$285.2MMSFT, AAPL, LLY, NVDA, OUSA
Q3 2025 542$50.5MOUSA, AAPL, MSFT, NVDA, OUSM
Q2 2025 1,658$775.0MNVDA, MSFT, OUSA, AAPL, SPY
Q1 2025 1,676$594.5MNVDA, MSFT, OUSA, AAPL, LLY
Q4 2024 1,344$494.7MNVDA, MSFT, OUSA, AAPL, SPY
Q3 2024 1,514$359.9MMSFT, OUSA, NVDA, AAPL, LLY
Q2 2024 1,487$319.4MMSFT, OUSA, LLY, AAPL, NVDA
Q1 2024 168$249.1MAAPL, AMZN, AVGO, ACN, ADP