Thurston, Springer, Miller, Herd & Titak, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 20, 2026), Thurston, Springer, Miller, Herd & Titak, Inc. reported 1,340 stock positions worth $285.2 million. Its top holding was Microsoft (MSFT) at 4.2% of the portfolio, followed by Apple (AAPL, 3.3%) and Eli Lilly (LLY, 2.9%). Compared with Q3 2025, it opened 816 new positions, sold out of 19, added to 437 and reduced 26. The biggest buy was Oracle (ORCL, shares +4908%) and the biggest sale iShares Govt MMKT ETF (GMMF, shares −30%).
- Most Recent 13F
- Q2 2026
- Location
- INDIANAPOLIS, IN
- CIK
- 0000319933
- Portfolio Value
- $285.2M (Q4 2025)
- SEC Filing
- 0000319933-26-000001 ↗ filed Jan 20, 2026
Holdings Value
Holdings 1,340 stocks · $285.2M
| MSFT Microsoft Corp. | 4.22% | 24,885 | $12.0M | Add +594.1% |
| AAPL Apple Inc. | 3.29% | 34,517 | $9.4M | Add +246.7% |
| LLY Eli Lilly & Co. | 2.93% | 7,777 | $8.4M | Add +977.1% |
| NVDA Nvidia Corp. | 2.80% | 42,752 | $8.0M | Add +621.3% |
| OUSA Alps Oshares US Quality Divi | 2.66% | 131,668 | $7.6M | Add +126.8% |
| ORCL Oracle Corp. | 2.60% | 38,008 | $7.4M | Add +4907.6% |
| RDVY First Trust Rising Dividend | 1.48% | 60,732 | $4.2M | Add +984.5% |
| AVGO Broadcom Inc. | 1.46% | 11,994 | $4.2M | Add +406.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.33% | 7,547 | $3.8M | Add +446.5% |
| AMZN Amazon.com Inc. | 1.27% | 15,752 | $3.6M | Add +839.9% |
| IVV iShares Core S&P 500 ETF | 1.14% | 4,759 | $3.3M | Add +95080.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.13% | 6,584 | $3.2M | Add +93957.1% |
| TSLA Tesla Inc. | 1.09% | 6,942 | $3.1M | Add +713.8% |
| VOO Vanguard S&P 500 ETF | 1.09% | 4,940 | $3.1M | Add +532.5% |
| GOOG Alphabet Inc. Class C | 0.98% | 8,900 | $2.8M | Add +4178.9% |
| WMT Walmart Inc. | 0.89% | 22,874 | $2.5M | Add +456.3% |
| GOOGL Alphabet Inc. Class A | 0.87% | 7,953 | $2.5M | Add +568.9% |
| JPM JPMorgan Chase & Co. | 0.86% | 7,641 | $2.5M | Add +897.5% |
| CSCO Cisco Systems Inc. | 0.80% | 29,509 | $2.3M | Add +428.9% |
| CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT | 0.79% | 76,673 | $2.3M | Add +981.9% |
| OUSM Alps Oshares US Small-Cap Qu | 0.77% | 50,013 | $2.2M | Add +156.8% |
| IEFA iShares Core MSCI Eafe ETF | 0.74% | 23,635 | $2.1M | Add +8719.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.73% | 7,041 | $2.1M | Add +1404.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.68% | 2,851 | $1.9M | Add +1058.9% |
| HD Home Depot Inc. | 0.67% | 5,589 | $1.9M | Add +398.6% |
| RECS Columbia Resear Enh Cor ETF | 0.66% | 46,083 | $1.9M | New |
| QQQ Invesco QQQ Trust Series 1 | 0.66% | 3,044 | $1.9M | Add +538.2% |
| CMI Cummins Inc. | 0.63% | 3,512 | $1.8M | Add +1141.0% |
| COST Costco Wholesale Corp. | 0.63% | 2,070 | $1.8M | Add +333.1% |
| MCD McDonald's Corp. | 0.62% | 5,750 | $1.8M | Add +421.3% |
| SIL Global X Silver Miners ETF | 0.61% | 20,997 | $1.8M | New |
| ABBV Abbvie Inc. | 0.61% | 7,665 | $1.8M | Add +966.1% |
| SLV iShares Silver Trust | 0.56% | 24,976 | $1.6M | Add +27651.1% |
| JNJ Johnson & Johnson | 0.54% | 7,493 | $1.6M | Add +497.5% |
| CGGR Cap Group Growth Equity | 0.52% | 33,573 | $1.5M | Add +1102.0% |
| LMT Lockheed Martin Corp. | 0.51% | 2,989 | $1.4M | Add +547.0% |
| GD General Dynamics Corp. | 0.51% | 4,291 | $1.4M | Add +350.7% |
| WEC WEC Energy Group Inc. | 0.49% | 13,143 | $1.4M | Add +284.4% |
| CVX Chevron Corp. | 0.48% | 9,061 | $1.4M | Add +704.0% |
| XLK SS Technology Select Sector | 0.48% | 9,500 | $1.4M | Add +578.6% |
| AMGN Amgen Inc. | 0.47% | 4,076 | $1.3M | Add +464.5% |
| PSX Phillips 66 | 0.46% | 10,232 | $1.3M | Add +389.1% |
| SYK Stryker Corp. | 0.46% | 3,742 | $1.3M | Add +255.0% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.46% | 29,939 | $1.3M | Add +631.3% |
| XOM Exxon Mobil Corp. | 0.46% | 10,803 | $1.3M | Add +680.6% |
| EMR Emerson Electric Co. | 0.44% | 9,471 | $1.3M | Add +306.1% |
| BLK BlackRock Inc. | 0.44% | 1,172 | $1.3M | Add +225.6% |
| ADI Analog Devices Inc. | 0.44% | 4,611 | $1.3M | Add +268.9% |
| EFG iShares MSCI Eafe Growth ETF | 0.43% | 10,737 | $1.2M | Add +1110.5% |
| TXN Texas Instruments Inc. | 0.42% | 6,925 | $1.2M | Add +290.8% |
| IJH iShares Core S&P Midcap ETF | 0.41% | 17,612 | $1.2M | Add +2187.3% |
| PG The Procter & Gamble Co. | 0.41% | 8,108 | $1.2M | Add +274.0% |
| JGRO JPMorgan Active Growth ETF | 0.40% | 12,261 | $1.1M | Add +1351.0% |
| ETN Eaton Corp. PLC | 0.40% | 3,561 | $1.1M | Add +540.5% |
| CB Chubb Ltd. | 0.40% | 3,620 | $1.1M | Add +290.9% |
| LVHI Franklin International Low V | 0.39% | 30,586 | $1.1M | Add +416.0% |
| NEE Nextera Energy Inc. | 0.39% | 13,748 | $1.1M | Add +210.4% |
| ITW Illinois Tool Works | 0.38% | 4,451 | $1.1M | Add +248.8% |
| FLQM Franklin U.S. Mid Cap Multif | 0.38% | 19,349 | $1.1M | Add +1084.2% |
| ADP Automatic Data Processing | 0.38% | 4,217 | $1.1M | Add +273.9% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.37% | 29,256 | $1.1M | Add +905.0% |
| LOW Lowe's Cos Inc. | 0.37% | 4,367 | $1.1M | Add +232.8% |
| FFOG Franklin Focused Dynamic Gro | 0.37% | 22,435 | $1.0M | Add +1087.7% |
| ISCF iShares International Small | 0.36% | 25,076 | $1.0M | Add +1218.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.36% | 5,442 | $1.0M | Add +67925.0% |
| ROUS Hartford Multifact US Eqty | 0.36% | 17,949 | $1.0M | Add +471.8% |
| LIN Linde PLC | 0.35% | 2,373 | $1.0M | Add +279.1% |
| PH Parker Hannifin Corp. | 0.35% | 1,145 | $1.0M | Add +245.9% |
| JSMD Janus Small Mid Cap GR Alp | 0.35% | 12,284 | $1.0M | Add +967.3% |
| META Meta Platforms Inc. Class A | 0.35% | 1,507 | $995K | Add +486.4% |
| PEP Pepsico Inc. | 0.35% | 6,887 | $988K | Add +256.6% |
| ABT Abbott Laboratories | 0.34% | 7,841 | $982K | Add +144.4% |
| APH Amphenol Corp. Class A | 0.34% | 7,198 | $973K | Add +197.2% |
| V Visa Inc. Class A | 0.34% | 2,749 | $965K | Add +426.6% |
| GWW WW Grainger Inc. | 0.34% | 949 | $958K | Add +162.9% |
| CAT Caterpillar Inc. | 0.33% | 1,623 | $930K | New |
| MDT Medtronic PLC | 0.32% | 9,573 | $920K | Add +400.7% |
| VIG Vanguard Dividend Apprec ETF | 0.32% | 4,167 | $916K | Add +8234.0% |
| MA Mastercard Inc. Class A | 0.32% | 1,598 | $914K | Add +235.7% |
| IEMG iShares Core MSCI Emerging | 0.32% | 13,585 | $913K | Add +13622.2% |
| PAYX Paychex Inc. | 0.32% | 8,126 | $912K | Add +221.7% |
| SPGI S&P Global Inc. | 0.32% | 1,744 | $911K | Add +233.5% |
| JAVA JPMorgan Active Value ETF | 0.32% | 12,602 | $904K | Add +4449.5% |
| LHX L3HARRIS Technologies Inc. | 0.31% | 2,965 | $871K | Add +228.7% |
| IYW iShares Ustechnology ETF | 0.30% | 4,323 | $863K | Add +2061.5% |
| ACWI iShares MSCI Acwi ETF | 0.30% | 6,056 | $857K | Add +1308.4% |
| AFL Aflac Inc. | 0.30% | 7,731 | $852K | Add +248.2% |
| ILCG iShares Morningstar Growth E | 0.29% | 8,000 | $832K | New |
| VB Vanguard Most SM-Cap ETF-Usd | 0.28% | 3,134 | $809K | Add +6045.1% |
| MU Micron Technology Inc. | 0.28% | 2,824 | $806K | Add +193.9% |
| PLTR Palantir Technologies Inc. Class A | 0.28% | 4,513 | $802K | Add +529.4% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.27% | 1,604 | $772K | Add +821.8% |
| GPIX GLDM SA S&P 500 PR in ETF-US | 0.27% | 14,524 | $767K | New |
| SDVY First Trust Smid Cap Rising | 0.27% | 19,975 | $765K | Add +286.5% |
| PWR Quanta Services Inc. | 0.27% | 1,806 | $762K | Add +504.0% |
| PLD Prologis Inc. | 0.27% | 5,929 | $757K | Add +267.1% |
| RSP Invesco S&P 500 Equal Weight | 0.26% | 3,886 | $745K | New |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.26% | 2,549 | $740K | Add +4801.9% |
| RTX RTX Corp. | 0.25% | 3,904 | $716K | Add +680.8% |
| BR Broadridge Financial Solutio | 0.25% | 3,177 | $709K | Add +168.3% |
Other holdings (29): bonds, preferreds, convertibles and warrants · $1.7M (not counted above)
Total filed on the 13F, all lines: $286.9M.
Portfolio Sells Q3 2025 → Q4 2025
| GMMF iShares Govt MMKT ETF | Reduce -29.9% | 0.17% | −1.24 |
| ACVU Hartford Alpha Cap Val ETF | Reduce -70.0% | 0.05% | −0.85 |
| SBUX Starbucks Corp. | Reduce -66.9% | 0.03% | −0.47 |
| CMCSA Comcast Corp. Class A | Reduce -94.4% | 0.00% | −0.25 |
| NFLX Netflix Inc. | Reduce -9.2% | 0.04% | −0.25 |
| NOW ServiceNow Inc. | Reduce -60.9% | 0.01% | −0.22 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -68.3% | 0.01% | −0.17 |
| J Jacobs Solutions Inc. | Reduce -21.6% | 0.02% | −0.16 |
| UWM Proshares Ultra RUSSELL2000 | Reduce -66.9% | 0.01% | −0.16 |
| BABA Alibaba Group Holding-SP ADR | Reduce -88.3% | 0.00% | −0.15 |
| CYD China Yuchai Intl Ltd. | Reduce -40.0% | 0.01% | −0.15 |
| SPOT Spotify Technology SA | Reduce -78.9% | 0.00% | −0.15 |
| DHR Danaher Corp. | Reduce -3.7% | 0.03% | −0.12 |
| PRU Prudential Financial Inc. | Reduce -86.4% | 0.00% | −0.10 |
| TECL Dire Dai Tec Bull 3X ETF-Usd | Sold out | 0.00% | −0.09 |
| QTUM Defiance Quantum ETF | Sold out | 0.00% | −0.08 |
| LABU DRXN DLY S&P BT BL 3X ETF-Ui | Reduce -54.5% | 0.01% | −0.08 |
| VLTO Veralto Corp. | Reduce -68.8% | 0.00% | −0.07 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -45.4% | 0.01% | −0.06 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -90.7% | 0.00% | −0.05 |
| FLR Fluor Corp. | Sold out | 0.00% | −0.05 |
| NOBL Proshares S&P 500 Dividend A | Reduce -73.2% | 0.00% | −0.05 |
| GLXY Galaxy Digital Inc. Class A | Sold out | 0.00% | −0.04 |
| PSCT Invesco S&P Smallcap Informa | Reduce -86.2% | 0.00% | −0.04 |
| MSFU Direxion Daily MSFT Bull 2X | Sold out | 0.00% | −0.03 |
| MIDU Dirxn DLY Mid Cap BL 3XE-Usi | Sold out | 0.00% | −0.03 |
| KMX Carmax Inc. | Sold out | 0.00% | −0.02 |
| PSCH Invesco S&P Smallcap Health | Reduce -92.3% | 0.00% | −0.02 |
| PKG Packaging Corp. of America | Reduce -86.0% | 0.00% | −0.02 |
| INVESTMENT MANAGERS SER TR | Sold out | 0.00% | −0.02 |
| STRL Sterling Infrastructure Inc. | Sold out | 0.00% | −0.01 |
| NFE New Fortress Energy Inc. | Sold out | 0.00% | −0.01 |
| CHKP Check Point Software Tech | Reduce -78.8% | 0.00% | −0.01 |
| AMG Affiliated Managers Group | Reduce -92.9% | 0.00% | −0.01 |
| SKYW Skywest Inc. | Sold out | 0.00% | −0.01 |
| NVCR Novocure Ltd. | Sold out | 0.00% | −0.01 |
| ADEA Adeia Inc. | Sold out | 0.00% | −0.01 |
| SLG SL Green Realty Corp. | Sold out | 0.00% | −0.01 |
| MANH Manhattan Associates Inc. | Reduce -62.5% | 0.00% | −0.01 |
| ORN Orion Group Holdings Inc. | Sold out | 0.00% | −0.01 |
| NDSN Nordson Corp. | Sold out | 0.00% | −0.00 |
| MKSI MKS Inc. | Sold out | 0.00% | −0.00 |
| INSP Inspire Medical Systems Inc. | Sold out | 0.00% | −0.00 |
| LXP LXP Industrial Trust | Reduce -4.8% | 0.00% | −0.00 |
| JAZZ Jazz Pharmaceuticals PLC | Sold out | 0.00% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| ORCL Oracle Corp. | Add +4907.6% | 2.60% | +2.18 |
| LLY Eli Lilly & Co. | Add +977.1% | 2.93% | +1.84 |
| IVV iShares Core S&P 500 ETF | Add +95080.0% | 1.14% | +1.14 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +93957.1% | 1.13% | +1.12 |
| GOOG Alphabet Inc. Class C | Add +4178.9% | 0.98% | +0.88 |
| RDVY First Trust Rising Dividend | Add +984.5% | 1.48% | +0.73 |
| IEFA iShares Core MSCI Eafe ETF | Add +8719.0% | 0.74% | +0.70 |
| RECS Columbia Resear Enh Cor ETF | New | 0.66% | +0.66 |
| SIL Global X Silver Miners ETF | New | 0.61% | +0.61 |
| NVDA Nvidia Corp. | Add +621.3% | 2.80% | +0.61 |
| SLV iShares Silver Trust | Add +27651.1% | 0.56% | +0.56 |
| AMZN Amazon.com Inc. | Add +839.9% | 1.27% | +0.55 |
| MSFT Microsoft Corp. | Add +594.1% | 4.22% | +0.54 |
| IBM Intl Business Machines Corp. | Add +1404.5% | 0.73% | +0.47 |
| CMI Cummins Inc. | Add +1141.0% | 0.63% | +0.39 |
| JPM JPMorgan Chase & Co. | Add +897.5% | 0.86% | +0.39 |
| CGXU Cap Group Intl Focus | Add +981.9% | 0.79% | +0.38 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +67925.0% | 0.36% | +0.36 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1058.9% | 0.68% | +0.36 |
| TSLA Tesla Inc. | Add +713.8% | 1.09% | +0.34 |
| CAT Caterpillar Inc. | New | 0.33% | +0.33 |
| IJH iShares Core S&P Midcap ETF | Add +2187.3% | 0.41% | +0.31 |
| IEMG iShares Core MSCI Emerging | Add +13622.2% | 0.32% | +0.31 |
| GOOGL Alphabet Inc. Class A | Add +568.9% | 0.87% | +0.30 |
| VIG Vanguard Dividend Apprec ETF | Add +8234.0% | 0.32% | +0.30 |
| ILCG iShares Morningstar Growth E | New | 0.29% | +0.29 |
| ABBV Abbvie Inc. | Add +966.1% | 0.61% | +0.28 |
| CGGR Cap Group Growth Equity | Add +1102.0% | 0.52% | +0.28 |
| JAVA JPMorgan Active Value ETF | Add +4449.5% | 0.32% | +0.28 |
| GPIX GLDM SA S&P 500 PR in ETF-US | New | 0.27% | +0.27 |
| RSP Invesco S&P 500 Equal Weight | New | 0.26% | +0.26 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +6045.1% | 0.28% | +0.26 |
| JGRO JPMorgan Active Growth ETF | Add +1351.0% | 0.40% | +0.24 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +4801.9% | 0.26% | +0.23 |
| EFG iShares MSCI Eafe Growth ETF | Add +1110.5% | 0.43% | +0.23 |
| IYW iShares Ustechnology ETF | Add +2061.5% | 0.30% | +0.23 |
| VGSH Vanguard Short-Term Treasury | New | 0.22% | +0.22 |
| HBNC Horizon Bancorp Inc. | New | 0.21% | +0.21 |
| GLD SPDR Gold Shares | Add +22000.0% | 0.21% | +0.21 |
| ISCF iShares International Small | Add +1218.4% | 0.36% | +0.21 |
| FLQM Franklin U.S. Mid Cap Multif | Add +1084.2% | 0.38% | +0.20 |
| PEN Penumbra Inc. | New | 0.19% | +0.19 |
| FFOG Franklin Focused Dynamic Gro | Add +1087.7% | 0.37% | +0.19 |
| ACWI iShares MSCI Acwi ETF | Add +1308.4% | 0.30% | +0.18 |
| TREASURY BILL (B 0 03/19/26) | New | 0.18% | +0.18 |
| BND Vanguard Total Bond Market | New | 0.17% | +0.17 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Add +905.0% | 0.37% | +0.16 |
| JSMD Janus Small Mid Cap GR Alp | Add +967.3% | 0.35% | +0.16 |
| XLC SS Comm Select Sector SPDR | New | 0.15% | +0.15 |
| PYLD PIMCO Multisector Bond Actv | New | 0.15% | +0.15 |
Notes & Other Activity Q3 2025 → Q4 2025
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 | 1,215 | $274.5M | AAPL, MSFT, NVDA, LLY, ORCL |
| Q1 2026 | 1,322 | $242.2M | AAPL, MSFT, NVDA, OUSA, RDVY |
| Q4 2025 | 1,340 | $285.2M | MSFT, AAPL, LLY, NVDA, OUSA |
| Q3 2025 | 542 | $50.5M | OUSA, AAPL, MSFT, NVDA, OUSM |
| Q2 2025 | 1,658 | $775.0M | NVDA, MSFT, OUSA, AAPL, SPY |
| Q1 2025 | 1,676 | $594.5M | NVDA, MSFT, OUSA, AAPL, LLY |
| Q4 2024 | 1,344 | $494.7M | NVDA, MSFT, OUSA, AAPL, SPY |
| Q3 2024 | 1,514 | $359.9M | MSFT, OUSA, NVDA, AAPL, LLY |
| Q2 2024 | 1,487 | $319.4M | MSFT, OUSA, LLY, AAPL, NVDA |
| Q1 2024 | 168 | $249.1M | AAPL, AMZN, AVGO, ACN, ADP |