TruNorth Capital Management, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 18, 2025), TruNorth Capital Management, LLC reported 353 stock positions worth $450.0 million. Its top holding was Schwab US Broad Market ETF (SCHB) at 24.7% of the portfolio, followed by Schwab Intl Equity ETF (SCHF, 9.9%) and Schwab Short-Term US Treas (SCHO, 9.4%). Compared with Q1 2025, it opened 1 new position, sold out of 83, added to 25 and reduced 107. The biggest buy was Schwab US Broad Market ETF (SCHB, shares +10%) and the biggest sale SS SPDR N Ice Muni Bond ETF (TFI, shares −23%).

Most Recent 13F
Q2 2026
Location
KALAMAZOO, MI
CIK
0001639695
Portfolio Value
$450.0M (Q2 2025)
SEC Filing
0001908158-25-000005 ↗ filed Jul 18, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $290.1M Q1 2024 Q2 2024: $308.2M Q2 2024 Q3 2024: $337.6M Q3 2024 Q4 2024: $365.9M Q4 2024 Q1 2025: $402.3M Q1 2025 Q2 2025: $450.0M $450.0M Q2 2025 Q3 2025: $505.5M Q3 2025 Q4 2025: $526.9M Q4 2025 Q1 2026: $521.6M Q1 2026 Q2 2026: $622.6M Q2 2026

Holdings 353 stocks · $450.0M
SCHB Schwab US Broad Market ETF 24.70% 4,664,159 $111.1M Add +9.7%
SCHF Schwab Intl Equity ETF 9.87% 2,010,019 $44.4M Add +9.5%
SCHO Schwab Short-Term US Treas 9.43% 1,739,672 $42.4M Add +5.8%
SCHZ Schwab US Aggregate Bond ETF 6.05% 1,170,551 $27.2M Add +0.1%
SCHA Schwab US Small-Cap ETF 4.85% 862,366 $21.8M Add +17.7%
DFCF Dimensional Core Fixed Inc. 4.76% 506,461 $21.4M Add +7.5%
ITOT iShares Core S&P Total U.S. 4.60% 153,256 $20.7M Add +16.5%
FNDX Schwab Fndmntl US LRG Co. ETF 4.16% 762,115 $18.7M Add +6.0%
SCHE Schwab Emrg Mrkts Eqty ETF 2.78% 415,568 $12.5M Add +20.3%
DFGP Dimensional GLBL Core PL Fix 2.69% 221,990 $12.1M Add +9.9%
SYK Stryker Corp. 1.95% 22,146 $8.8M Add +2.0%
SHM SS SPDR N Ice St Muni ETF 1.60% 150,110 $7.2M Add +51.9%
DFUV Dimensional US Marketwide Va 1.54% 163,735 $6.9M Reduce -0.1%
SPY SS SPDR S&P 500 ETF Trust-US 1.43% 10,386 $6.4M Reduce -1.4%
IEFA iShares Core MSCI Eafe ETF 1.41% 76,036 $6.3M Reduce -2.2%
VTI VG Morningstar TS MKT ETF-US 0.90% 13,311 $4.0M No change
NVDA Nvidia Corp. 0.90% 25,515 $4.0M Reduce -4.0%
DFAS Dimensional US Small Cap ETF 0.82% 57,728 $3.7M Reduce -0.8%
DFIV Dimensional International Va 0.80% 83,667 $3.6M Reduce -1.1%
MUB iShares National Muni Bond E 0.73% 31,603 $3.3M Add +66.5%
TFI SS SPDR N Ice Muni Bond ETF 0.72% 72,680 $3.2M Reduce -23.1%
AAPL Apple Inc. 0.63% 13,718 $2.8M Reduce -6.1%
MSFT Microsoft Corp. 0.58% 5,271 $2.6M Reduce -4.4%
VOO Vanguard S&P 500 ETF 0.52% 4,127 $2.3M Add +33.1%
IJR iShares Core S&P Small-Cap E 0.50% 20,702 $2.3M Add +20.8%
DFAT Dimensional US Target Value 0.50% 41,892 $2.3M Reduce -1.2%
HDV iShares Core High Dividend E 0.48% 18,487 $2.2M No change
PHYS Sprott Physical Gold Trust 0.30% 53,499 $1.4M No change
TT Trane Technologies PLC 0.29% 3,000 $1.3M No change
SCHD Schwab US DVD Equity ETF 0.26% 44,328 $1.2M Add +0.0%
VEA Vanguard Ftse Developed ETF 0.26% 20,139 $1.1M No change
DFAX Dimensional World Ex US Core 0.25% 38,726 $1.1M No change
BSV Vanguard Short-Term Bond ETF 0.24% 13,960 $1.1M Reduce -9.2%
ORCL Oracle Corp. 0.24% 4,920 $1.1M Reduce -16.5%
SUB iShares Short-Term National 0.24% 10,070 $1.1M No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.23% 5,382 $1.0M No change
DFAC Dimensional US Core Equity 2 0.23% 28,519 $1.0M No change
AGG iShares Core U.S. Aggregate 0.23% 10,260 $1.0M Add +5.9%
IWF iShares Russell 1000 Growth 0.22% 2,327 $988K No change
JPM JPMorgan Chase & Co. 0.20% 3,095 $897K Reduce -15.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.20% 5,075 $897K No change
SPYD SS SPDR P S&P 500 Hi Div ETF 0.19% 19,997 $849K No change
IVV iShares Core S&P 500 ETF 0.19% 1,349 $838K Reduce -26.6%
IEMG iShares Core MSCI Emerging 0.18% 13,642 $819K Reduce -3.5%
MDY State Street SPDR S&P Midcap 0.18% 1,393 $789K No change
EFA iShares MSCI Eafe ETF 0.15% 7,766 $694K No change
DFUS Dimensional US Eq MKT ETF 0.15% 10,228 $685K No change
V Visa Inc. Class A 0.14% 1,783 $633K No change
SUSA iShares ESG Optimized MSCI U 0.14% 4,935 $625K No change
TSLA Tesla Inc. 0.13% 1,801 $572K No change
QUAL iShares MSCI USA Quality Fac 0.12% 3,063 $560K Reduce -0.4%
GOOGL Alphabet Inc. Class A 0.12% 3,132 $552K Reduce -20.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.12% 1,866 $522K No change
SDY SS SPDR S&P Dividend ETF 0.11% 3,759 $510K No change
MCD McDonald's Corp. 0.11% 1,663 $486K No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.11% 6,015 $485K No change
ETN Eaton Corp. PLC 0.10% 1,324 $473K No change
HON Honeywell International Inc. 0.10% 2,000 $466K Reduce -14.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.10% 1,565 $461K No change
SCHV Schwab US Large-Cap Value 0.10% 15,885 $440K No change
AMZN Amazon.com Inc. 0.10% 1,971 $432K Reduce -23.4%
AMAT Applied Materials Inc. 0.10% 2,342 $429K Reduce -0.8%
ABT Abbott Laboratories 0.09% 3,074 $418K Reduce -10.8%
DLN Wisdomtree US Largecap Divid 0.09% 4,853 $399K No change
DSI iShares ESG MSCI KLD 400 ETF 0.09% 3,349 $389K No change
VB Vanguard Most SM-Cap ETF-Usd 0.08% 1,569 $372K Reduce -53.1%
SOXX iShares Semiconductor ETF 0.08% 1,541 $368K No change
VIG Vanguard Dividend Apprec ETF 0.08% 1,665 $341K No change
QQQ Invesco QQQ Trust Series 1 0.07% 601 $332K No change
META Meta Platforms Inc. Class A 0.06% 391 $289K No change
VIOV Vanguard S&P Small-Cap 600 V 0.06% 3,288 $281K No change
CL Colgate-Palmolive Co. 0.06% 3,090 $281K No change
CRBN Ish Low Car Opt Ms Ac ETF-US 0.06% 1,300 $275K No change
VT Vanguard Tot World STK ETF 0.06% 2,143 $275K No change
LLY Eli Lilly & Co. 0.06% 332 $259K Reduce -0.9%
ABBV Abbvie Inc. 0.06% 1,386 $257K Reduce -52.8%
IWM iShares Russell 2000 ETF 0.05% 1,141 $246K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.05% 1,472 $242K No change
VGT Vanguard Info Tech ETF 0.05% 360 $239K No change
VTIP Vanguard Short-Term Tips 0.05% 4,705 $237K No change
AVDV Avantis Intl S/C Value ETF 0.05% 2,810 $223K No change
IR Ingersoll-Rand Inc. 0.05% 2,647 $220K Reduce -1.6%
GOOG Alphabet Inc. Class C 0.05% 1,206 $214K No change
USB US Bancorp 0.05% 4,720 $214K Reduce -22.4%
NUE Nucor Corp. 0.05% 1,600 $207K No change
CVX Chevron Corp. 0.05% 1,436 $206K Reduce -38.1%
XLV SS Health Care Select Sector 0.05% 1,520 $205K No change
FNDB Schwab Fndmntl US BRD Mr ETF 0.04% 8,433 $202K No change
PH Parker Hannifin Corp. 0.04% 283 $198K Reduce -10.7%
PG The Procter & Gamble Co. 0.04% 1,210 $193K Reduce -48.4%
COST Costco Wholesale Corp. 0.04% 178 $176K Reduce -43.7%
RSP Invesco S&P 500 Equal Weight 0.04% 967 $176K Reduce -11.6%
GSK GSK PLC-Spon ADR 0.04% 4,289 $165K No change
CINF Cincinnati Financial Corp. 0.04% 1,100 $164K No change
XOP SS SPDR S&P Og Exp & Prod 0.04% 1,300 $164K No change
BRK.B Berkshire Hathaway Inc. Class B 0.03% 322 $156K Reduce -42.8%
TPL Texas Pacific Land Corp. 0.03% 147 $155K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.03% 468 $150K No change
ECL Ecolab Inc. 0.03% 550 $148K No change
JNJ Johnson & Johnson 0.03% 884 $135K Reduce -46.8%

Show all 353 holdings

Portfolio Sells Q1 2025 → Q2 2025
TFI SS SPDR N Ice Muni Bond ETF Reduce -23.1% 0.72% −0.34
JIRE JPMorgan Int Res Enh Eqty Sold out 0.00% −0.18
AAPL Apple Inc. Reduce -6.1% 0.63% −0.18
DFUV Dimensional US Marketwide Va Reduce -0.1% 1.54% −0.14
ACN Accenture PLC Class A Sold out 0.00% −0.10
VB Vanguard Most SM-Cap ETF-Usd Reduce -53.1% 0.08% −0.10
FDS Factset Research Systems Inc. Sold out 0.00% −0.10
ABBV Abbvie Inc. Reduce -52.8% 0.06% −0.10
PEP Pepsico Inc. Sold out 0.00% −0.08
IVV iShares Core S&P 500 ETF Reduce -26.6% 0.19% −0.07
CRM Salesforce Inc. Reduce -98.4% 0.00% −0.06
PG The Procter & Gamble Co. Reduce -48.4% 0.04% −0.06
BSV Vanguard Short-Term Bond ETF Reduce -9.2% 0.24% −0.06
IEFA iShares Core MSCI Eafe ETF Reduce -2.2% 1.41% −0.05
CVX Chevron Corp. Reduce -38.1% 0.05% −0.05
VTEB Vanguard Tax-Exempt Bond ETF Reduce -71.4% 0.02% −0.05
DFAS Dimensional US Small Cap ETF Reduce -0.8% 0.82% −0.05
FISV Fiserv Inc. Sold out 0.00% −0.04
DFAT Dimensional US Target Value Reduce -1.2% 0.50% −0.04
WMT Walmart Inc. Reduce -76.4% 0.01% −0.04
BRK.B Berkshire Hathaway Inc. Class B Reduce -42.8% 0.03% −0.04
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.4% 1.43% −0.04
JNJ Johnson & Johnson Reduce -46.8% 0.03% −0.04
PLTR Palantir Technologies Inc. Class A Reduce -99.1% 0.00% −0.04
VXUS Vanguard Total Intl Stock Reduce -96.1% 0.00% −0.04
COST Costco Wholesale Corp. Reduce -43.7% 0.04% −0.04
KMB Kimberly-Clark Corp. Reduce -83.0% 0.01% −0.03
UNH Unitedhealth Group Inc. Reduce -57.9% 0.01% −0.03
DFIV Dimensional International Va Reduce -1.1% 0.80% −0.03
WM Waste Management Inc. Reduce -52.1% 0.02% −0.03
ATR Aptargroup Inc. Reduce -50.0% 0.03% −0.03
GOOGL Alphabet Inc. Class A Reduce -20.1% 0.12% −0.03
LYV Live Nation Entertainment Inc. Sold out 0.00% −0.03
RTX RTX Corp. Reduce -52.6% 0.02% −0.03
BKNG Booking Holdings Inc. Sold out 0.00% −0.03
MA Mastercard Inc. Class A Sold out 0.00% −0.03
AMZN Amazon.com Inc. Reduce -23.4% 0.10% −0.03
AVGO Broadcom Inc. Reduce -65.8% 0.03% −0.03
ICE Intercontinental Exchange Inc. Sold out 0.00% −0.02
JPM JPMorgan Chase & Co. Reduce -15.4% 0.20% −0.02
TTWO Take-Two Interactive Softwre Reduce -82.2% 0.01% −0.02
DIS The Walt Disney Co. Reduce -52.2% 0.03% −0.02
ABT Abbott Laboratories Reduce -10.8% 0.09% −0.02
TTE Totalenergies SE -Spon ADR Sold out 0.00% −0.02
HON Honeywell International Inc. Reduce -14.9% 0.10% −0.02
PYPL PayPal Holdings Inc. Sold out 0.00% −0.02
CSGP Costar Group Inc. Sold out 0.00% −0.02
AMGN Amgen Inc. Sold out 0.00% −0.02
BMY Bristol-Myers Squibb Co. Reduce -65.3% 0.01% −0.02
VZ Verizon Communications Inc. Reduce -83.8% 0.00% −0.02

Portfolio Buys Q1 2025 → Q2 2025
SCHB Schwab US Broad Market ETF Add +9.7% 24.70% +1.95
SCHF Schwab Intl Equity ETF Add +9.5% 9.87% +0.84
ITOT iShares Core S&P Total U.S. Add +16.5% 4.60% +0.61
SCHA Schwab US Small-Cap ETF Add +17.7% 4.85% +0.58
SHM SS SPDR N Ice St Muni ETF Add +51.9% 1.60% +0.43
SCHE Schwab Emrg Mrkts Eqty ETF Add +20.3% 2.78% +0.42
MUB iShares National Muni Bond E Add +66.5% 0.73% +0.24
VOO Vanguard S&P 500 ETF Add +33.1% 0.52% +0.12
IJR iShares Core S&P Small-Cap E Add +20.8% 0.50% +0.06
VRT Vertiv Holdings Co. Class A Add +0.2% 0.01% +0.01
DFGP Dimensional GLBL Core PL Fix Add +9.9% 2.69% +0.01
RIVN Rivian Automotive Inc. Class A Add +25.2% 0.02% +0.00
TQQQ Proshares Ultrapro QQQ Add +0.3% 0.01% +0.00
SCHM Schwab US Mid Cap ETF New 0.00% +0.00
BST BlackRock Science & Tech TR Add +2.0% 0.00% 0.00
VCSH Vanguard S/T Corp. Bond ETF Add +1.3% 0.00% −0.00
OUSA Alps Oshares US Quality Divi Add +0.5% 0.01% −0.00
BND Vanguard Total Bond Market Add +0.7% 0.00% −0.00
IJS iShares S&P Small-Cap 600 Va Add +0.2% 0.01% −0.00
AGG iShares Core U.S. Aggregate Add +5.9% 0.23% −0.01
SCHD Schwab US DVD Equity ETF Add +0.0% 0.26% −0.05
SYK Stryker Corp. Add +2.0% 1.95% −0.06
FNDX Schwab Fndmntl US LRG Co. ETF Add +6.0% 4.16% −0.06
DFCF Dimensional Core Fixed Inc. Add +7.5% 4.76% −0.17
SCHO Schwab Short-Term US Treas Add +5.8% 9.43% −0.52
SCHZ Schwab US Aggregate Bond ETF Add +0.1% 6.05% −0.69

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 123$622.6MSCHB, SCHF, SCHO, SCHA, DFCF
Q1 2026 114$521.6MSCHB, SCHF, SCHO, SCHZ, DFCF
Q4 2025 118$526.9MSCHB, SCHF, SCHO, SCHZ, SCHA
Q3 2025 408$505.5MSCHB, SCHF, SCHO, SCHZ, SCHA
Q2 2025 353$450.0MSCHB, SCHF, SCHO, SCHZ, SCHA
Q1 2025 435$402.3MSCHB, SCHO, SCHF, SCHZ, DFCF
Q4 2024 374$365.9MSCHB, SCHO, SCHF, SCHZ, DFCF
Q3 2024 399$337.6MSCHB, SCHO, SCHZ, SCHF, ITOT
Q2 2024 363$308.2MSCHB, SCHO, SCHZ, SCHF, ITOT
Q1 2024 268$290.1MSCHB, SCHO, SCHF, SCHZ, ITOT