Van Hulzen Asset Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Van Hulzen Asset Management, LLC reported 332 stock positions worth $1.3 billion. Its top holding was Apple (AAPL) at 7.1% of the portfolio, followed by Microsoft (MSFT, 4.2%) and Alphabet Class A (GOOGL, 3.1%). Compared with Q2 2025, it opened 25 new positions, sold out of 14, added to 129 and reduced 137. The biggest buy was a new position in Archer-Daniels-Midland (ADM) and the biggest sale an exit from Nasdaq (NDAQ).
- Most Recent 13F
- Q2 2026
- Location
- EL DORADO HILLS, CA
- CIK
- 0001600145
- Portfolio Value
- $1.3B (Q3 2025)
- SEC Filing
- 0001765380-25-000494 ↗ filed Nov 13, 2025
Holdings Value
Holdings 332 stocks · $1.3B
| AAPL Apple Inc. | 7.12% | 375,727 | $95.7M | Reduce -1.2% |
| MSFT Microsoft Corp. | 4.17% | 108,065 | $56.0M | Reduce -0.7% |
| GOOGL Alphabet Inc. Class A | 3.10% | 171,600 | $41.7M | Add +0.6% |
| TSLA Tesla Inc. | 2.76% | 83,493 | $37.1M | Reduce -1.4% |
| AVGO Broadcom Inc. | 2.62% | 106,580 | $35.2M | Add +5.6% |
| ADM Archer-Daniels-Midland Co. | 2.61% | 587,767 | $35.1M | New |
| CSCO Cisco Systems Inc. | 2.52% | 493,911 | $33.8M | Reduce -5.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.37% | 112,650 | $31.8M | Reduce -0.4% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 2.04% | 88,445 | $27.4M | Add +6.4% |
| FBTC Fidelity Wise Origin Bitcoin | 1.92% | 258,644 | $25.8M | Reduce -0.2% |
| MCD McDonald's Corp. | 1.90% | 84,189 | $25.6M | Add +2.1% |
| JNJ Johnson & Johnson | 1.76% | 127,892 | $23.7M | Add +0.7% |
| QUAL iShares MSCI USA Quality Fac | 1.66% | 114,598 | $22.3M | Add +2.7% |
| NVDA Nvidia Corp. | 1.61% | 116,102 | $21.7M | Reduce -0.5% |
| IVV iShares Core S&P 500 ETF | 1.59% | 31,997 | $21.4M | Add +4.0% |
| LRCX Lam Research Corp. | 1.59% | 159,434 | $21.3M | Add +0.3% |
| ADP Automatic Data Processing | 1.57% | 71,741 | $21.1M | Add +2.0% |
| META Meta Platforms Inc. Class A | 1.51% | 27,718 | $20.4M | Reduce -7.7% |
| DHR Danaher Corp. | 1.51% | 102,473 | $20.3M | Add +2.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.50% | 40,111 | $20.2M | Add +63.7% |
| ETN Eaton Corp. PLC | 1.48% | 53,232 | $19.9M | Reduce -0.5% |
| AMZN Amazon.com Inc. | 1.44% | 87,860 | $19.3M | Add +4.9% |
| JPM JPMorgan Chase & Co. | 1.29% | 55,048 | $17.4M | Add +17.9% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 1.21% | 273,946 | $16.2M | Add +9.1% |
| XOM Exxon Mobil Corp. | 1.16% | 138,430 | $15.6M | Add +1.6% |
| PG The Procter & Gamble Co. | 1.13% | 99,145 | $15.2M | Add +1.3% |
| IAU iShares Gold Trust | 1.11% | 204,746 | $14.9M | Add +2.9% |
| KO The Coca-Cola Co. | 1.03% | 209,145 | $13.9M | Add +0.4% |
| SHEL Shell PLC-ADR | 0.97% | 183,090 | $13.1M | Add +0.1% |
| ESGU iShares ESG Aware MSCI USA | 0.95% | 87,848 | $12.8M | Add +0.5% |
| COST Costco Wholesale Corp. | 0.94% | 13,685 | $12.7M | Reduce -5.4% |
| EXC Exelon Corp. | 0.92% | 274,622 | $12.4M | Reduce -0.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.89% | 17,935 | $11.9M | Reduce -1.9% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.89% | 224,336 | $11.9M | Add +4.7% |
| AGG iShares Core U.S. Aggregate | 0.84% | 113,167 | $11.3M | Reduce -0.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.81% | 94,903 | $10.9M | Add +1.4% |
| QCOM Qualcomm Inc. | 0.77% | 62,473 | $10.4M | Add +0.7% |
| MDLZ Mondelez International Inc. Class A | 0.77% | 166,230 | $10.4M | Add +2.9% |
| ABBV Abbvie Inc. | 0.77% | 44,552 | $10.3M | Add +1.3% |
| EFV iShares MSCI Eafe Value ETF | 0.77% | 151,776 | $10.3M | Add +3.4% |
| CB Chubb Ltd. | 0.76% | 35,951 | $10.1M | Add +0.6% |
| TFLO iShares Treasury Floating Ra | 0.68% | 180,965 | $9.2M | Add +6.1% |
| USMV iShares MSCI USA Min Vol Fac | 0.67% | 95,305 | $9.1M | Add +4.1% |
| GLD SPDR Gold Shares | 0.67% | 25,382 | $9.0M | Reduce -4.5% |
| ITW Illinois Tool Works | 0.65% | 33,359 | $8.7M | Add +5.0% |
| EFG iShares MSCI Eafe Growth ETF | 0.63% | 73,823 | $8.4M | Add +3.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.59% | 154,138 | $8.0M | Add +1135.7% |
| OEF iShares S&P 100 ETF | 0.58% | 23,612 | $7.9M | Add +5.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.58% | 54,151 | $7.8M | Add +11.3% |
| GBTC Grayscale Bitcoin Trust ETF | 0.53% | 78,572 | $7.1M | Reduce -1.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.51% | 9 | $6.8M | No change |
| KMI Kinder Morgan Inc. | 0.48% | 228,020 | $6.5M | Add +1.2% |
| ROP Roper Technologies Inc. | 0.46% | 12,499 | $6.2M | Add +1.6% |
| DECK Deckers Outdoor Corp. | 0.46% | 60,754 | $6.2M | Reduce -1.9% |
| V Visa Inc. Class A | 0.44% | 17,194 | $5.9M | Reduce -22.6% |
| SYK Stryker Corp. | 0.42% | 15,412 | $5.7M | Reduce -1.5% |
| SHY iShares 1-3 Year Treasury Bo | 0.41% | 65,945 | $5.5M | Reduce -5.3% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.41% | 80,675 | $5.4M | Add +4.5% |
| TLH iShares 10-20 Year Treasury | 0.38% | 49,727 | $5.1M | Add +3.3% |
| RTX RTX Corp. | 0.37% | 30,016 | $5.0M | Reduce -0.1% |
| ADBE Adobe Inc. | 0.36% | 13,778 | $4.9M | Reduce -0.4% |
| EMB iShares JP Morgan Usd Emergi | 0.36% | 50,616 | $4.8M | Add +20.6% |
| ANET Arista Networks Inc. | 0.35% | 32,344 | $4.7M | Reduce -4.5% |
| NTRS Northern Trust Corp. | 0.34% | 33,862 | $4.6M | Reduce -0.1% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.33% | 81,681 | $4.4M | Reduce -10.5% |
| NEAR iShares SH Dba ETF Usd Inc. | 0.32% | 84,675 | $4.3M | Add +4.0% |
| HON Honeywell International Inc. | 0.31% | 20,005 | $4.2M | Reduce -2.4% |
| GD General Dynamics Corp. | 0.31% | 12,336 | $4.2M | No change |
| UNH Unitedhealth Group Inc. | 0.31% | 12,119 | $4.2M | Add +117.5% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.30% | 71,970 | $4.0M | Reduce -0.4% |
| CVX Chevron Corp. | 0.27% | 23,644 | $3.7M | Reduce -0.6% |
| PEP Pepsico Inc. | 0.26% | 25,283 | $3.6M | Add +235.3% |
| WMT Walmart Inc. | 0.25% | 33,211 | $3.4M | Add +20.4% |
| FSMD Fidelity Small-Mid Multifact | 0.25% | 77,279 | $3.4M | Add +5.5% |
| ORCL Oracle Corp. | 0.25% | 12,026 | $3.4M | Reduce -14.2% |
| MCK McKesson Corp. | 0.25% | 4,307 | $3.3M | Add +0.3% |
| CSX CSX Corp. | 0.25% | 93,000 | $3.3M | No change |
| DAPP Vaneck Digital Transformatio | 0.24% | 147,952 | $3.2M | New |
| QLYS Qualys Inc. | 0.23% | 23,731 | $3.1M | Reduce -3.8% |
| RSP Invesco S&P 500 Equal Weight | 0.23% | 16,475 | $3.1M | Reduce -6.6% |
| STLD Steel Dynamics Inc. | 0.22% | 21,428 | $3.0M | Add +0.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.22% | 4,910 | $2.9M | Add +20.7% |
| LNG Cheniere Energy Inc. | 0.21% | 12,159 | $2.9M | Add +2.8% |
| MTUM iShares MSCI USA Momentum Fa | 0.21% | 10,828 | $2.8M | Reduce -3.4% |
| EW Edwards Lifesciences Corp. | 0.20% | 34,024 | $2.6M | Reduce -0.0% |
| HD Home Depot Inc. | 0.19% | 6,351 | $2.6M | Add +2.3% |
| VIG Vanguard Dividend Apprec ETF | 0.19% | 11,852 | $2.6M | Reduce -3.3% |
| HLNE Hamilton Lane Inc. Class A | 0.19% | 18,663 | $2.5M | Reduce -3.0% |
| LRN Stride Inc. | 0.18% | 16,504 | $2.5M | Reduce -2.2% |
| AWK American Water Works Co. Inc. | 0.18% | 17,634 | $2.5M | Add +6.6% |
| STIP iShares 0-5 Year Tips Bond E | 0.18% | 23,332 | $2.4M | Add +7.7% |
| AWR American States Water Co. filed as AMER STATES WTR CO | 0.17% | 32,057 | $2.4M | Add +44.4% |
| ABT Abbott Laboratories | 0.17% | 17,377 | $2.3M | Reduce -1.1% |
| SPSC SPS Commerce Inc. | 0.17% | 22,181 | $2.3M | Add +104.3% |
| MMSI Merit Medical Systems Inc. | 0.17% | 27,538 | $2.3M | Add +115.4% |
| JEPI JPMorgan Equity Premium Inco | 0.17% | 39,745 | $2.3M | Add +3.2% |
| MBB iShares MBS ETF | 0.17% | 23,831 | $2.3M | Reduce -1.3% |
| AIT Applied Industrial Tech Inc. | 0.17% | 8,619 | $2.3M | Reduce -3.8% |
| ICE Intercontinental Exchange Inc. | 0.16% | 13,124 | $2.2M | Reduce -0.5% |
| ADUS Addus Homecare Corp. | 0.16% | 18,554 | $2.2M | Reduce -3.2% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $1.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 678 | $837K | Reduce -0.4% |
| AAPL Apple Inc. | COM · principal | 2,500 | $637K | New |
| NVDA Nvidia Corp. | COM · principal | 2,000 | $373K | New |
Total filed on the 13F, all lines: $1.3B.
Portfolio Sells Q2 2025 → Q3 2025
| NDAQ Nasdaq Inc. | Sold out | 0.00% | −0.52 |
| CSCO Cisco Systems Inc. | Reduce -5.2% | 2.52% | −0.50 |
| IBM Intl Business Machines Corp. | Reduce -0.4% | 2.37% | −0.42 |
| MSFT Microsoft Corp. | Reduce -0.7% | 4.17% | −0.35 |
| META Meta Platforms Inc. Class A | Reduce -7.7% | 1.51% | −0.34 |
| COST Costco Wholesale Corp. | Reduce -5.4% | 0.94% | −0.25 |
| V Visa Inc. Class A | Reduce -22.6% | 0.44% | −0.22 |
| AMGN Amgen Inc. | Reduce -63.6% | 0.09% | −0.18 |
| VNOM Viper Energy Inc. | Sold out | 0.00% | −0.17 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -75.0% | 0.05% | −0.16 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -0.4% | 0.30% | −0.12 |
| FBTC Fidelity Wise Origin Bitcoin | Reduce -0.2% | 1.92% | −0.11 |
| ETN Eaton Corp. PLC | Reduce -0.5% | 1.48% | −0.11 |
| AGG iShares Core U.S. Aggregate | Reduce -0.3% | 0.84% | −0.10 |
| PRGS Progress Software Corp. | Reduce -1.1% | 0.15% | −0.09 |
| SYK Stryker Corp. | Reduce -1.5% | 0.42% | −0.09 |
| HON Honeywell International Inc. | Reduce -2.4% | 0.31% | −0.09 |
| ADBE Adobe Inc. | Reduce -0.4% | 0.36% | −0.09 |
| HWKN Hawkins Inc. | Reduce -52.5% | 0.10% | −0.09 |
| IGIB iShares 5-10Y Inv Grade Corp. | Reduce -10.5% | 0.33% | −0.08 |
| EXC Exelon Corp. | Reduce -0.0% | 0.92% | −0.08 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -5.3% | 0.41% | −0.07 |
| DECK Deckers Outdoor Corp. | Reduce -1.9% | 0.46% | −0.07 |
| QLYS Qualys Inc. | Reduce -3.8% | 0.23% | −0.06 |
| BWIN Baldwin Insurance Group Inc./ | Reduce -2.3% | 0.08% | −0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.9% | 0.89% | −0.05 |
| JJSF J & J Snack Foods Corp. | Reduce -3.2% | 0.13% | −0.05 |
| STRL Sterling Infrastructure Inc. | Reduce -41.1% | 0.14% | −0.04 |
| HLNE Hamilton Lane Inc. Class A | Reduce -3.0% | 0.19% | −0.04 |
| LLY Eli Lilly & Co. | Reduce -17.0% | 0.11% | −0.04 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -1.3% | 0.53% | −0.04 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.04 |
| CSW CSW Industrials Inc. | Reduce -2.5% | 0.11% | −0.04 |
| ICE Intercontinental Exchange Inc. | Reduce -0.5% | 0.16% | −0.04 |
| QLD Proshares Ultra QQQ | Sold out | 0.00% | −0.04 |
| RSP Invesco S&P 500 Equal Weight | Reduce -6.6% | 0.23% | −0.04 |
| ABNB Airbnb Inc. Class A | Reduce -8.9% | 0.09% | −0.03 |
| CASH Pathward Financial Inc. | Reduce -3.1% | 0.12% | −0.03 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -9.9% | 0.12% | −0.03 |
| ABT Abbott Laboratories | Reduce -1.1% | 0.17% | −0.03 |
| EW Edwards Lifesciences Corp. | Reduce -0.0% | 0.20% | −0.03 |
| INTU Intuit Inc. | Reduce -10.1% | 0.05% | −0.02 |
| TOTL SS Doubleline TR Tact ETF | Sold out | 0.00% | −0.02 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.02 |
| DE Deere & Co. | Reduce -3.3% | 0.07% | −0.02 |
| LRN Stride Inc. | Reduce -2.2% | 0.18% | −0.02 |
| ADUS Addus Homecare Corp. | Reduce -3.2% | 0.16% | −0.02 |
| BMI Badger Meter Inc. | Reduce -3.1% | 0.04% | −0.02 |
| TOL Toll Brothers Inc. | Reduce -31.0% | 0.06% | −0.02 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| ADM Archer-Daniels-Midland Co. | New | 2.61% | +2.61 |
| GOOGL Alphabet Inc. Class A | Add +0.6% | 3.10% | +0.59 |
| BAC Bank of America Corp. | Add +1135.7% | 0.59% | +0.54 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +63.7% | 1.50% | +0.51 |
| LRCX Lam Research Corp. | Add +0.3% | 1.59% | +0.30 |
| AVGO Broadcom Inc. | Add +5.6% | 2.62% | +0.29 |
| DAPP Vaneck Digital Transformatio | New | 0.24% | +0.24 |
| PEP Pepsico Inc. | Add +235.3% | 0.26% | +0.18 |
| UNH Unitedhealth Group Inc. | Add +117.5% | 0.31% | +0.17 |
| JPM JPMorgan Chase & Co. | Add +17.9% | 1.29% | +0.16 |
| VNOM Viper Energy Inc. Class A | New | 0.14% | +0.14 |
| JNJ Johnson & Johnson | Add +0.7% | 1.76% | +0.14 |
| ABBV Abbvie Inc. | Add +1.3% | 0.77% | +0.09 |
| TJX TJX Companies Inc. | Add +11.3% | 0.58% | +0.08 |
| IAU iShares Gold Trust | Add +2.9% | 1.11% | +0.07 |
| MMSI Merit Medical Systems Inc. | Add +115.4% | 0.17% | +0.07 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +9.1% | 1.21% | +0.06 |
| SMPL The Simply Good Foods Co. | Add +128.6% | 0.13% | +0.05 |
| SPSC SPS Commerce Inc. | Add +104.3% | 0.17% | +0.05 |
| HNGE Hinge Health Inc. Class A | New | 0.04% | +0.04 |
| EMB iShares JP Morgan Usd Emergi | Add +20.6% | 0.36% | +0.03 |
| AWR American States Water Co. | Add +44.4% | 0.17% | +0.03 |
| CMI Cummins Inc. | Add +26.6% | 0.10% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +20.7% | 0.22% | +0.03 |
| DUSB Dimension Ultrashort Fi ETF | New | 0.03% | +0.03 |
| WMT Walmart Inc. | Add +20.4% | 0.25% | +0.03 |
| LEN Lennar Corp. Class A | Add +70.7% | 0.06% | +0.03 |
| ETH Grayscale Ethereum Staking M | Add +4.0% | 0.07% | +0.03 |
| IWF iShares Russell 1000 Growth | New | 0.02% | +0.02 |
| INTC Intel Corp. | Add +41.8% | 0.05% | +0.02 |
| CMF iShares California Muni Bond | New | 0.02% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +42.2% | 0.08% | +0.02 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | New | 0.02% | +0.02 |
| FCX Freeport-McMoran Inc. | New | 0.02% | +0.02 |
| SLV iShares Silver Trust | Add +9.7% | 0.09% | +0.02 |
| PRF Invesco Rafi US 1000 ETF | New | 0.02% | +0.02 |
| SPDW Ste STR SPDR PT DW Eu ETF | New | 0.02% | +0.02 |
| OKTA Okta Inc. | New | 0.02% | +0.02 |
| CCL Carnival Corp. | New | 0.02% | +0.02 |
| AZO AutoZone Inc. | New | 0.02% | +0.02 |
| OEF iShares S&P 100 ETF | Add +5.7% | 0.58% | +0.02 |
| TXN Texas Instruments Inc. | New | 0.02% | +0.02 |
| FSLR First Solar Inc. | New | 0.02% | +0.02 |
| IBDU iShares Ibonds Dec 2029 Term | New | 0.02% | +0.02 |
| PHM Pultegroup Inc. | Add +16.6% | 0.07% | +0.02 |
| VMC Vulcan Materials Co. | New | 0.02% | +0.02 |
| YOU Clear Secure Inc. Class A | Add +8.1% | 0.12% | +0.02 |
| IBDT iShares Ibonds Dec 2028 ETF | New | 0.02% | +0.02 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | New | 0.02% | +0.02 |
| SGOV iShares 0-3 Month Treasury B | New | 0.02% | +0.02 |
Options Activity Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 1,000 | $618Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -0.4% | 678 | $837K |
| AAPL Apple Inc. | COM · principal | New | 2,500 | $637K |
| NVDA Nvidia Corp. | COM · principal | New | 2,000 | $373K |
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 |