# INVESTMENT PARTNERS, LTD.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1050068. Source: https://holderbook.com/funds/1050068-investment-partners-ltd/

- Reported value: $319.9M
- Positions: 167
- Weight of the ten largest: 34.7%
- Filed: 2026-08-04

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $20.8M | 291,283 | 6.5% | 31 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $17.2M | 138,513 | 5.4% | 31 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $13.8M | 56,939 | 4.3% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $10.3M | 35,469 | 3.2% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $9.6M | 160,300 | 3.0% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $9.3M | 46,367 | 2.9% | 21 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $8.0M | 103,194 | 2.5% | 31 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $7.6M | 55,092 | 2.4% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $7.4M | 19,817 | 2.3% | 31 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $7.1M | 135,771 | 2.2% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $6.8M | 5,687 | 2.1% | 31 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $6.7M | 28,464 | 2.1% | 25 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $6.5M | 44,284 | 2.0% | 31 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $6.4M | 38,732 | 2.0% | 31 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $5.9M | 60,686 | 1.8% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $5.7M | 17,484 | 1.8% | 31 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $5.6M | 24,487 | 1.7% | 31 |
| ISHARES TR | [SHYG](https://holderbook.com/stocks/SHYG/) | $5.4M | 128,135 | 1.7% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $5.1M | 4,447 | 1.6% | 6 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $4.3M | 41,681 | 1.4% | 31 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $3.9M | 17,594 | 1.2% | 31 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $3.9M | 76,384 | 1.2% | 18 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $3.7M | 4,984 | 1.2% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $3.6M | 3,406 | 1.1% | 31 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $3.5M | 77,396 | 1.1% | 31 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $3.5M | 8,878 | 1.1% | 31 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $3.0M | 31,191 | 0.9% | 31 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $3.0M | 27,477 | 0.9% | 30 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $2.9M | 35,846 | 0.9% | 26 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.9M | 8,109 | 0.9% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.6M | 5,180 | 0.8% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.5M | 3,421 | 0.8% | 16 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $2.4M | 17,792 | 0.8% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.4M | 6,678 | 0.7% | 22 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $2.4M | 46,998 | 0.7% | 5 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $2.4M | 15,509 | 0.7% | 31 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $2.3M | 43,665 | 0.7% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $2.3M | 15,372 | 0.7% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $2.1M | 15,459 | 0.7% | 31 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $2.1M | 26,853 | 0.6% | 31 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $2.0M | 1,013 | 0.6% | 22 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $2.0M | 6,586 | 0.6% | 26 |
| VANGUARD WHITEHALL FDS | [VIGI](https://holderbook.com/stocks/VIGI/) | $2.0M | 21,263 | 0.6% | 25 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $2.0M | 20,471 | 0.6% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.0M | 2,098 | 0.6% | 31 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $1.9M | 5,222 | 0.6% | 21 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.9M | 16,924 | 0.6% | 31 |
| PRINCIPAL EXCHANGE TRADED FD | [PREF](https://holderbook.com/stocks/PREF/) | $1.9M | 99,063 | 0.6% | 15 |
| VANECK ETF TRUST | [XMPT](https://holderbook.com/stocks/XMPT/) | $1.7M | 77,125 | 0.5% | 7 |
| DBX ETF TR | [HDEF](https://holderbook.com/stocks/HDEF/) | $1.7M | 51,942 | 0.5% | 8 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $1.6M | 6,980 | 0.5% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.5M | 12,978 | 0.5% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.5M | 11,208 | 0.5% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.5M | 5,997 | 0.5% | 22 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.5M | 4,271 | 0.5% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.5M | 6,267 | 0.5% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.5M | 5,510 | 0.5% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $1.5M | 3,044 | 0.5% | 19 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $1.4M | 42,162 | 0.4% | 7 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $1.3M | 1,731 | 0.4% | 10 |
| VANGUARD SCOTTSDALE FDS | [VONV](https://holderbook.com/stocks/VONV/) | $1.3M | 11,872 | 0.4% | 25 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.3M | 1,682 | 0.4% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.2M | 4,867 | 0.4% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.2M | 8,795 | 0.4% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.2M | 8,324 | 0.4% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.2M | 7,245 | 0.4% | 31 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $1.2M | 15,574 | 0.4% | 30 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $1.1M | 3,724 | 0.3% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.1M | 13,527 | 0.3% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.1M | 3,105 | 0.3% | 31 |
| FIRST TR EXCHANGE-TRADED FD | [SDVY](https://holderbook.com/stocks/SDVY/) | $1.1M | 24,366 | 0.3% | 14 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $1.0M | 5,513 | 0.3% | 21 |
| HUNTINGTON BANCSHARES INC | [HBAN](https://holderbook.com/stocks/HBAN/) | $967.3K | 54,559 | 0.3% | 23 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $966.8K | 8,287 | 0.3% | 7 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $958.4K | 3,408 | 0.3% | 31 |
| DNP SELECT INCOME FD INC | [DNP](https://holderbook.com/stocks/DNP/) | $900.1K | 83,420 | 0.3% | 31 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $871.1K | 16,401 | 0.3% | 22 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $862.1K | 8,097 | 0.3% | 5 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $847.0K | 15,799 | 0.3% | 22 |
| ISHARES TR | [EFAV](https://holderbook.com/stocks/EFAV/) | $843.5K | 9,617 | 0.3% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $816.6K | 5,293 | 0.3% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $792.2K | 783 | 0.2% | 22 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $754.3K | 2,500 | 0.2% | 5 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $754.1K | 1,793 | 0.2% | 8 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $751.2K | 1,474 | 0.2% | 31 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $722.7K | 5,654 | 0.2% | 2 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $720.1K | 12,497 | 0.2% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $711.5K | 1,419 | 0.2% | 31 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $676.0K | 13,299 | 0.2% | 23 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $675.2K | 1,584 | 0.2% | 5 |
| ISHARES TR | [HDV](https://holderbook.com/stocks/HDV/) | $672.0K | 24,516 | 0.2% | 31 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $671.5K | 2,006 | 0.2% | 5 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $670.3K | 15,832 | 0.2% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $655.0K | 5,098 | 0.2% | 31 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $652.5K | 1,842 | 0.2% | 22 |
| ISHARES ETHEREUM TR | [ETHA](https://holderbook.com/stocks/ETHA/) | $647.1K | 54,425 | 0.2% | 4 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $644.9K | 3,031 | 0.2% | 14 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $644.4K | 1,724 | 0.2% | 10 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $638.0K | 1,724 | 0.2% | 2 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $635.4K | 11,721 | 0.2% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.6% | +14.8% | -4.2% | 100% |
| Q1 2026 | -1.9% | -4.6% | +2.7% | 100% |
| Q4 2025 | +1.7% | +2.4% | -0.7% | 100% |
| Q3 2025 | +7.0% | +7.8% | -0.8% | 100% |
| Q2 2025 | +7.7% | +10.5% | -2.7% | 100% |
| Q1 2025 | -1.0% | -4.6% | +3.5% | 100% |
| Q4 2024 | -1.6% | +2.1% | -3.7% | 100% |
| Q3 2024 | +6.7% | +5.4% | +1.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $319.9M | 167 |
| Q1 2026 | $281.1M | 152 |
| Q4 2025 | $285.7M | 149 |
| Q3 2025 | $284.0M | 154 |
| Q2 2025 | $264.2M | 158 |
| Q1 2025 | $241.2M | 148 |
| Q4 2024 | $242.8M | 146 |
| Q3 2024 | $240.1M | 147 |
| Q2 2024 | $222.6M | 142 |
| Q1 2024 | $220.5M | 142 |
| Q4 2023 | $203.1M | 133 |
| Q3 2023 | $190.0M | 133 |