Van Hulzen Asset Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Van Hulzen Asset Management, LLC reported 311 stock positions worth $1.1 billion. Its top holding was Apple (AAPL) at 7.2% of the portfolio, followed by Microsoft (MSFT, 3.7%) and Cisco Systems (CSCO, 2.9%). Compared with Q4 2024, it opened 8 new positions, sold out of 850, added to 105 and reduced 165. The biggest buy was Becton Dickinson and (BDX, shares +17014%) and the biggest sale Abbvie (ABBV, shares −75%).
- Most Recent 13F
- Q2 2026
- Location
- EL DORADO HILLS, CA
- CIK
- 0001600145
- Portfolio Value
- $1.1B (Q1 2025)
- SEC Filing
- 0001765380-25-000232 ↗ filed May 14, 2025
Holdings Value
Holdings 311 stocks · $1.1B
| AAPL Apple Inc. | 7.16% | 353,028 | $78.4M | Reduce -14.3% |
| MSFT Microsoft Corp. | 3.68% | 107,336 | $40.3M | Reduce -23.8% |
| CSCO Cisco Systems Inc. | 2.88% | 511,193 | $31.5M | Add +17.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.59% | 113,886 | $28.3M | Reduce -35.2% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 2.49% | 79,117 | $27.3M | Reduce -19.3% |
| GOOGL Alphabet Inc. Class A | 2.31% | 163,493 | $25.3M | Reduce -29.2% |
| MCD McDonald's Corp. | 2.21% | 77,463 | $24.2M | Reduce -25.1% |
| TSLA Tesla Inc. | 2.06% | 87,229 | $22.6M | Add +17.4% |
| QUAL iShares MSCI USA Quality Fac | 1.99% | 127,378 | $21.8M | Reduce -1.8% |
| ADP Automatic Data Processing | 1.83% | 65,498 | $20.0M | Reduce -15.9% |
| JNJ Johnson & Johnson | 1.80% | 118,842 | $19.7M | Reduce -22.5% |
| FBTC Fidelity Wise Origin Bitcoin | 1.72% | 261,497 | $18.8M | Add +0.8% |
| IVV iShares Core S&P 500 ETF | 1.58% | 30,856 | $17.3M | Reduce -2.1% |
| META Meta Platforms Inc. Class A | 1.44% | 27,353 | $15.8M | Add +15.7% |
| PG The Procter & Gamble Co. | 1.42% | 91,399 | $15.6M | Reduce -24.0% |
| XOM Exxon Mobil Corp. | 1.39% | 128,407 | $15.3M | Reduce -18.1% |
| BDX Becton Dickinson and Co. | 1.34% | 63,836 | $14.6M | Add +17014.2% |
| IAU iShares Gold Trust | 1.33% | 247,315 | $14.6M | Add +1.7% |
| AVGO Broadcom Inc. | 1.33% | 86,871 | $14.5M | Reduce -1.3% |
| KO The Coca-Cola Co. | 1.29% | 197,650 | $14.2M | Reduce -19.5% |
| ETN Eaton Corp. PLC | 1.29% | 51,910 | $14.1M | Reduce -26.8% |
| ORCL Oracle Corp. | 1.26% | 98,770 | $13.8M | Reduce -20.2% |
| SHEL Shell PLC-ADR | 1.22% | 181,830 | $13.3M | Reduce -4.0% |
| DHR Danaher Corp. | 1.18% | 63,270 | $13.0M | Reduce -17.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.18% | 24,247 | $12.9M | Add +83.0% |
| AMZN Amazon.com Inc. | 1.16% | 66,640 | $12.7M | Reduce -25.4% |
| COST Costco Wholesale Corp. | 1.07% | 12,412 | $11.7M | Add +3.7% |
| NVDA Nvidia Corp. | 1.07% | 108,306 | $11.7M | Reduce -34.5% |
| JPM JPMorgan Chase & Co. | 1.05% | 47,059 | $11.5M | Reduce -1.4% |
| EXC Exelon Corp. | 1.05% | 250,215 | $11.5M | Reduce -29.2% |
| AGG iShares Core U.S. Aggregate | 1.01% | 111,723 | $11.1M | Reduce -2.2% |
| MDLZ Mondelez International Inc. Class A | 0.98% | 157,709 | $10.7M | Reduce -10.8% |
| ESGU iShares ESG Aware MSCI USA | 0.97% | 87,000 | $10.6M | Reduce -2.6% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.95% | 199,473 | $10.4M | Add +30.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.94% | 18,465 | $10.3M | Reduce -2.2% |
| CB Chubb Ltd. | 0.89% | 32,252 | $9.7M | Reduce -10.3% |
| QCOM Qualcomm Inc. | 0.86% | 61,404 | $9.4M | Reduce -0.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.84% | 93,510 | $9.2M | Reduce -25.6% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.84% | 219,222 | $9.2M | Reduce -34.8% |
| ABBV Abbvie Inc. | 0.82% | 42,778 | $9.0M | Reduce -74.7% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.80% | 180,291 | $8.8M | Add +8360.4% |
| GLD SPDR Gold Shares | 0.80% | 30,327 | $8.7M | Reduce -3.5% |
| EFV iShares MSCI Eafe Value ETF | 0.78% | 145,156 | $8.6M | Reduce -2.8% |
| USMV iShares MSCI USA Min Vol Fac | 0.77% | 89,716 | $8.4M | Reduce -0.3% |
| TFLO iShares Treasury Floating Ra | 0.76% | 163,333 | $8.3M | Add +11.8% |
| SHY iShares 1-3 Year Treasury Bo | 0.73% | 96,645 | $8.0M | Add +0.1% |
| V Visa Inc. Class A | 0.70% | 21,886 | $7.7M | Reduce -58.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.66% | 9 | $7.2M | Add +12.5% |
| EFG iShares MSCI Eafe Growth ETF | 0.64% | 70,349 | $7.0M | Reduce -0.9% |
| ITW Illinois Tool Works | 0.62% | 27,464 | $6.8M | Add +3089.8% |
| ROP Roper Technologies Inc. | 0.58% | 10,712 | $6.3M | Reduce -48.6% |
| OEF iShares S&P 100 ETF | 0.52% | 21,013 | $5.7M | Reduce -3.0% |
| NKE Nike Inc. Class B | 0.51% | 88,504 | $5.6M | Add +7438.7% |
| ADBE Adobe Inc. | 0.51% | 14,435 | $5.5M | Add +1.2% |
| GBTC Grayscale Bitcoin Trust ETF | 0.50% | 84,201 | $5.5M | Reduce -1.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.46% | 72,190 | $5.0M | Reduce -0.1% |
| TLH iShares 10-20 Year Treasury | 0.45% | 47,265 | $4.9M | New |
| NDAQ Nasdaq Inc. | 0.45% | 64,303 | $4.9M | Reduce -25.0% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.43% | 88,646 | $4.7M | Reduce -1.2% |
| HON Honeywell International Inc. | 0.38% | 19,874 | $4.2M | Reduce -58.0% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.38% | 74,818 | $4.1M | Reduce -3.3% |
| LRCX Lam Research Corp. | 0.37% | 56,390 | $4.1M | Reduce -1.4% |
| CVX Chevron Corp. | 0.37% | 24,385 | $4.1M | Reduce -6.9% |
| NEAR iShares SH Dba ETF Usd Inc. | 0.37% | 79,777 | $4.1M | Add +6.9% |
| RTX RTX Corp. | 0.36% | 30,118 | $4.0M | Add +0.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.36% | 32,206 | $3.9M | Reduce -58.3% |
| AMGN Amgen Inc. | 0.33% | 11,483 | $3.6M | Reduce -2.4% |
| QLYS Qualys Inc. | 0.32% | 27,916 | $3.5M | Reduce -5.7% |
| EMB iShares JP Morgan Usd Emergi | 0.31% | 37,369 | $3.4M | Add +7.8% |
| GD General Dynamics Corp. | 0.31% | 12,336 | $3.4M | Reduce -0.2% |
| NTRS Northern Trust Corp. | 0.30% | 33,000 | $3.3M | Add +0.0% |
| UNH Unitedhealth Group Inc. | 0.28% | 5,750 | $3.0M | Reduce -74.2% |
| MCK McKesson Corp. | 0.27% | 4,465 | $3.0M | Reduce -0.2% |
| RSP Invesco S&P 500 Equal Weight | 0.26% | 16,502 | $2.9M | Add +3.2% |
| FSMD Fidelity Small-Mid Multifact | 0.26% | 71,412 | $2.8M | New |
| CSX CSX Corp. | 0.25% | 93,000 | $2.7M | No change |
| LNG Cheniere Energy Inc. | 0.25% | 11,689 | $2.7M | Reduce -26.0% |
| STLD Steel Dynamics Inc. | 0.25% | 21,472 | $2.7M | Reduce -8.9% |
| WPM Wheaton Precious Metals Corp. | 0.25% | 34,576 | $2.7M | Reduce -52.7% |
| AWR American States Water Co. filed as AMER STATES WTR CO | 0.24% | 33,935 | $2.7M | Reduce -3.6% |
| VNOM Viper Energy Inc. | 0.24% | 58,529 | $2.6M | Add +67.5% |
| ANET Arista Networks Inc. | 0.24% | 33,830 | $2.6M | Reduce -2.8% |
| PRGS Progress Software Corp. | 0.24% | 50,768 | $2.6M | Reduce -4.8% |
| CSW CSW Industrials Inc. | 0.24% | 8,884 | $2.6M | Add +45.7% |
| LRN Stride Inc. | 0.23% | 19,640 | $2.5M | Reduce -6.4% |
| EW Edwards Lifesciences Corp. | 0.23% | 34,000 | $2.5M | Reduce -0.4% |
| AWK American Water Works Co. Inc. | 0.22% | 16,478 | $2.4M | Add +15.2% |
| VIG Vanguard Dividend Apprec ETF | 0.22% | 12,304 | $2.4M | Reduce -18.5% |
| BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN | 0.22% | 52,854 | $2.4M | Reduce -1.9% |
| ABT Abbott Laboratories | 0.21% | 17,416 | $2.3M | Reduce -52.5% |
| ICE Intercontinental Exchange Inc. | 0.21% | 13,267 | $2.3M | Reduce -1.9% |
| MTUM iShares MSCI USA Momentum Fa | 0.21% | 11,273 | $2.3M | Reduce -79.3% |
| HD Home Depot Inc. | 0.21% | 6,186 | $2.3M | Reduce -44.4% |
| GMED Globus Medical Inc. Class A | 0.21% | 30,869 | $2.3M | No change |
| AIT Applied Industrial Tech Inc. | 0.21% | 10,006 | $2.3M | Reduce -5.7% |
| MBB iShares MBS ETF | 0.20% | 23,605 | $2.2M | Reduce -21.3% |
| WMT Walmart Inc. | 0.20% | 25,046 | $2.2M | Add +12.8% |
| ADUS Addus Homecare Corp. | 0.19% | 21,428 | $2.1M | Reduce -3.4% |
| IPAR Interparfums Inc. | 0.19% | 18,528 | $2.1M | Reduce -2.1% |
| JEPI JPMorgan Equity Premium Inco | 0.19% | 36,172 | $2.1M | Add +2.3% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $817K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 681 | $817K | Reduce -5.4% |
Total filed on the 13F, all lines: $1.1B.
Portfolio Sells Q4 2024 → Q1 2025
| ABBV Abbvie Inc. | Reduce -74.7% | 0.82% | −1.38 |
| GOOGL Alphabet Inc. Class A | Reduce -29.2% | 2.31% | −0.89 |
| MSFT Microsoft Corp. | Reduce -23.8% | 3.68% | −0.67 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -79.3% | 0.21% | −0.61 |
| DE Deere & Co. | Reduce -95.2% | 0.04% | −0.56 |
| NVDA Nvidia Corp. | Reduce -34.5% | 1.07% | −0.55 |
| UNH Unitedhealth Group Inc. | Reduce -74.2% | 0.28% | −0.55 |
| V Visa Inc. Class A | Reduce -58.8% | 0.70% | −0.53 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.50 |
| IR Ingersoll-Rand Inc. | Sold out | 0.00% | −0.45 |
| ETN Eaton Corp. PLC | Reduce -26.8% | 1.29% | −0.43 |
| LULU Lululemon Athletica Inc. | Reduce -67.5% | 0.18% | −0.41 |
| HON Honeywell International Inc. | Reduce -58.0% | 0.38% | −0.40 |
| AAPL Apple Inc. | Reduce -14.3% | 7.16% | −0.39 |
| COR Cencora Inc. | Reduce -90.3% | 0.07% | −0.38 |
| HSY The Hershey Co. | Reduce -91.8% | 0.04% | −0.36 |
| TJX TJX Companies Inc. | Reduce -58.3% | 0.36% | −0.32 |
| TLT iShares 20+ Year Treasury BD | Reduce -77.7% | 0.12% | −0.31 |
| AMZN Amazon.com Inc. | Reduce -25.4% | 1.16% | −0.28 |
| ORCL Oracle Corp. | Reduce -20.2% | 1.26% | −0.25 |
| IBM Intl Business Machines Corp. | Reduce -35.2% | 2.59% | −0.24 |
| MRK Merck & Co. Inc. | Reduce -66.9% | 0.13% | −0.22 |
| ROP Roper Technologies Inc. | Reduce -48.6% | 0.58% | −0.22 |
| IJR iShares Core S&P Small-Cap E | Sold out | 0.00% | −0.21 |
| DIS The Walt Disney Co. | Reduce -25.6% | 0.84% | −0.18 |
| TBBK The Bancorp Inc. | Sold out | 0.00% | −0.18 |
| AVGO Broadcom Inc. | Reduce -1.3% | 1.33% | −0.17 |
| VRSK Verisk Analytics Inc. | Sold out | 0.00% | −0.16 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −0.16 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.15 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.15 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.14 |
| SBUX Starbucks Corp. | Reduce -62.9% | 0.14% | −0.14 |
| TROW T Rowe Price Group Inc. | Sold out | 0.00% | −0.14 |
| RIO Rio Tinto PLC-Spon ADR | Sold out | 0.00% | −0.11 |
| HD Home Depot Inc. | Reduce -44.4% | 0.21% | −0.11 |
| SLB SLB Ltd. | Reduce -34.8% | 0.84% | −0.11 |
| TDW Tidewater Inc. | Sold out | 0.00% | −0.10 |
| BLKB Blackbaud Inc. | Sold out | 0.00% | −0.10 |
| DHR Danaher Corp. | Reduce -17.3% | 1.18% | −0.10 |
| ABT Abbott Laboratories | Reduce -52.5% | 0.21% | −0.09 |
| CMC Commercial Metals Co. | Sold out | 0.00% | −0.09 |
| WPM Wheaton Precious Metals Corp. | Reduce -52.7% | 0.25% | −0.06 |
| ETHE Grayscale Ethereum Staking E | Reduce -1.1% | 0.11% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -24.0% | 1.42% | −0.05 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -46.6% | 0.10% | −0.05 |
| ANET Arista Networks Inc. | Reduce -2.8% | 0.24% | −0.04 |
| GOOG Alphabet Inc. Class C | Reduce -23.2% | 0.15% | −0.04 |
| NDAQ Nasdaq Inc. | Reduce -25.0% | 0.45% | −0.04 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.04 |
Portfolio Buys Q4 2024 → Q1 2025
| BDX Becton Dickinson and Co. | Add +17014.2% | 1.34% | +1.33 |
| CSCO Cisco Systems Inc. | Add +17.1% | 2.88% | +0.99 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +8360.4% | 0.80% | +0.79 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +83.0% | 1.18% | +0.74 |
| ITW Illinois Tool Works | Add +3089.8% | 0.62% | +0.61 |
| NKE Nike Inc. Class B | Add +7438.7% | 0.51% | +0.51 |
| IAU iShares Gold Trust | Add +1.7% | 1.33% | +0.45 |
| TLH iShares 10-20 Year Treasury | New | 0.45% | +0.45 |
| META Meta Platforms Inc. Class A | Add +15.7% | 1.44% | +0.43 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +30.4% | 0.95% | +0.37 |
| COST Costco Wholesale Corp. | Add +3.7% | 1.07% | +0.27 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +12.5% | 0.66% | +0.26 |
| FSMD Fidelity Small-Mid Multifact | New | 0.26% | +0.26 |
| TFLO iShares Treasury Floating Ra | Add +11.8% | 0.76% | +0.22 |
| FBTC Fidelity Wise Origin Bitcoin | Add +0.8% | 1.72% | +0.17 |
| CASH Pathward Financial Inc. | New | 0.16% | +0.16 |
| SHY iShares 1-3 Year Treasury Bo | Add +0.1% | 0.73% | +0.15 |
| VNOM Viper Energy Inc. | Add +67.5% | 0.24% | +0.12 |
| RTX RTX Corp. | Add +0.4% | 0.36% | +0.11 |
| NEAR iShares SH Dba ETF Usd Inc. | Add +6.9% | 0.37% | +0.09 |
| AWK American Water Works Co. Inc. | Add +15.2% | 0.22% | +0.09 |
| BWXT BWX Technologies Inc. | Add +95290.0% | 0.09% | +0.09 |
| RCL Royal Caribbean Cruises Ltd. | Add +72.7% | 0.18% | +0.09 |
| EMB iShares JP Morgan Usd Emergi | Add +7.8% | 0.31% | +0.08 |
| CSW CSW Industrials Inc. | Add +45.7% | 0.24% | +0.08 |
| ROUS Hartford Multifact US Eqty | New | 0.06% | +0.06 |
| STRL Sterling Infrastructure Inc. | Add +138.5% | 0.11% | +0.06 |
| RSP Invesco S&P 500 Equal Weight | Add +3.2% | 0.26% | +0.06 |
| WMT Walmart Inc. | Add +12.8% | 0.20% | +0.05 |
| NTRS Northern Trust Corp. | Add +0.0% | 0.30% | +0.05 |
| CRBN Ish Low Car Opt Ms Ac ETF-US | Add +13.9% | 0.17% | +0.05 |
| LLY Eli Lilly & Co. | Add +0.4% | 0.18% | +0.04 |
| MWA Mueller Water Products Inc. Class A | Add +0.8% | 0.15% | +0.04 |
| ADBE Adobe Inc. | Add +1.2% | 0.51% | +0.04 |
| JEPI JPMorgan Equity Premium Inco | Add +2.3% | 0.19% | +0.04 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +14.9% | 0.13% | +0.04 |
| BNY Bank of New York Mellon Corp. | Add +0.2% | 0.13% | +0.03 |
| TOL Toll Brothers Inc. | Add +60.0% | 0.08% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +5.1% | 0.18% | +0.03 |
| SRE Sempra | Add +68.5% | 0.06% | +0.03 |
| IUSG iShares Core S&P U.S. Growth | Add +19.7% | 0.10% | +0.03 |
| PLTR Palantir Technologies Inc. Class A | Add +38.9% | 0.05% | +0.02 |
| DFCF Dimensional Core Fixed Inc. | Add +4.2% | 0.10% | +0.02 |
| QYLD Global X Nasd 100 Cov Call | Add +21.7% | 0.08% | +0.02 |
| SHW The Sherwin-Williams Co. | Add +0.1% | 0.10% | +0.02 |
| PSX Phillips 66 | Add +0.1% | 0.09% | +0.02 |
| CORP PIMCO Inv Grade Corp. BD ETF | Add +134.3% | 0.03% | +0.02 |
| KBH KB Home | Add +199.9% | 0.03% | +0.02 |
| BABA Alibaba Group Holding-SP ADR | Add +136.2% | 0.03% | +0.02 |
| VZ Verizon Communications Inc. | Add +18.4% | 0.05% | +0.02 |
Options Activity Q4 2024 → Q1 2025
| TJX TJX Companies Inc. | call | Sold out | 3,400 | $411Kbefore exit |
| MSFT Microsoft Corp. | call | Sold out | 900 | $379Kbefore exit |
| V Visa Inc. Class A | call | Sold out | 1,100 | $348Kbefore exit |
| AAPL Apple Inc. | call | Sold out | 1,300 | $326Kbefore exit |
| TXN Texas Instruments Inc. | call | Sold out | 1,300 | $244Kbefore exit |
| HSY The Hershey Co. | call | Sold out | 100 | $17Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -5.4% | 681 | $817K |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Sold out | 37 | $45Kbefore exit |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Sold out | 1,600 | $39Kbefore exit |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | Sold out | 200 | $10Kbefore exit |
| FBND Fidelity Total Bond ETF | TOTAL BD ETF | Sold out | 0 | $21before 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 | 386 | $1.4B | AAPL, GOOGL, AVGO, MSFT, ADM |
| Q1 2026 | 360 | $1.3B | AAPL, GOOGL, MSFT, ADM, AVGO |
| Q4 2025 | 336 | $1.4B | AAPL, GOOGL, MSFT, TSLA, AVGO |
| Q3 2025 | 332 | $1.3B | AAPL, MSFT, GOOGL, TSLA, AVGO |
| Q2 2025 | 321 | $1.2B | AAPL, MSFT, CSCO, IBM, GOOGL |
| Q1 2025 | 311 | $1.1B | AAPL, MSFT, CSCO, IBM, AJG |
| Q4 2024 | 1,153 | $1.4B | AAPL, MSFT, GOOGL, IBM, ABBV |
| Q3 2024 | 318 | $1.4B | AAPL, MSFT, IBM, BBY, GOOGL |
| Q2 2024 | 301 | $1.5B | AAPL, MSFT, BBY, GOOGL, IBM |
| Q1 2024 | 319 | $1.5B | AAPL, MSFT, BBY, GOOGL, ABBV |