Morningstar Investment Services LLC
Reported holdings as of Q1 2025, from 26 quarterly filings.
This filer last reported in Q1 2025; the most recent quarter on file across all filers is Q2 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| VANGUARD INDEX FDS | VTI | $77.3K | 281,306 | +1.20pp | 26q | -42.8%-$57.9K | |
| VANGUARD BD INDEX FDS | BND | $58.8K | 800,224 | -0.95pp | 26q | -55.3%-$72.8K | |
| VANGUARD TAX-MANAGED FDS | VEA | $33.3K | 655,294 | +0.92pp | 26q | -45.1%-$27.3K | |
| VANGUARD MALVERN FDS | VCRB | $23.0K | 297,313 | - | new | NEW | |
| VANGUARD SCOTTSDALE FDS | VGIT | $15.5K | 261,544 | +0.92pp | 26q | -28.5%-$6.2K | |
| VANGUARD INTL EQUITY INDEX F | VWO | $10.7K | 235,987 | +0.11pp | 26q | -48.8%-$10.2K | |
| META PLATFORMS INC | META | $10.4K | 18,028 | -0.33pp | 6q | -57.0%-$13.8K | |
| VANGUARD SCOTTSDALE FDS | VMBS | $9.1K | 197,477 | -0.30pp | 26q | -58.9%-$13.1K | |
| MICROSOFT CORP | MSFT | $9.1K | 24,172 | -0.11pp | 26q | -47.8%-$8.3K | |
| BOOKING HOLDINGS INC | BKNG | $8.8K | 1,918 | -0.35pp | 26q | -56.0%-$11.3K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $8.6K | 16,077 | +0.14pp | 26q | -53.7%-$9.9K | |
| SCHWAB CHARLES CORP | SCHW | $8.3K | 105,850 | -0.08pp | 26q | -55.5%-$10.3K | |
| SPDR SERIES TRUST | SPSM | $7.4K | 180,530 | +0.59pp | 22q | -2.6% | |
| PHILIP MORRIS INTL INC | PM | $7.2K | 45,585 | +0.33pp | 26q | -49.7%-$7.1K | |
| JPMORGAN CHASE & CO | JPM | $7.2K | 29,387 | -0.01pp | 26q | -51.7%-$7.7K | |
| VANECK ETF TRUST | MOAT | $6.8K | 77,211 | +0.38pp | 5q | -24.6%-$2.2K | |
| VISA INC | V | $6.5K | 18,623 | -0.04pp | 26q | -56.8%-$8.6K | |
| AMAZON COM INC | AMZN | $6.1K | 32,222 | -0.46pp | 26q | -59.4%-$9.0K | |
| ELEVANCE HEALTH INC FORMERLY | ELV | $6.1K | 13,982 | +0.12pp | 6q | -53.0%-$6.9K | |
| WELLS FARGO & CO | WFC | $6.1K | 84,523 | -0.02pp | 26q | -52.3%-$6.7K | |
| CARMAX INC | KMX | $5.5K | 70,668 | -0.16pp | 26q | -54.9%-$6.7K | |
| ALPHABET INC | GOOGL | $5.4K | 34,683 | -0.51pp | 26q | -60.1%-$8.1K | |
| COMCAST CORP NEW | CMCSA | $5.1K | 138,002 | -0.02pp | 26q | -50.7%-$5.2K | |
| STARBUCKS CORP | SBUX | $5.1K | 51,808 | -0.11pp | 26q | -58.7%-$7.2K | |
| MASTERCARD INCORPORATED | MA | $5.0K | 9,175 | -0.18pp | 26q | -60.0%-$7.5K | |
| BECTON DICKINSON & CO | BDX | $4.9K | 21,282 | +0.01pp | 16q | -50.5%-$5.0K | |
| VANGUARD BD INDEX FDS | BSV | $4.6K | 58,842 | -0.74pp | 26q | -74.0%-$13.1K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $4.6K | 27,663 | -0.39pp | 19q | -59.5%-$6.8K | |
| ISHARES TR | USHY | $4.3K | 115,938 | +0.05pp | 22q | -47.0%-$3.8K | |
| MEDTRONIC PLC | MDT | $4.2K | 46,699 | +0.07pp | 15q | -51.6%-$4.5K | |
| ALPHABET INC | GOOG | $4.1K | 26,175 | -0.10pp | 26q | -46.3%-$3.5K | |
| EXXON MOBIL CORP | XOMXXXX | $4.1K | 34,363 | +0.05pp | 26q | -52.2%-$4.5K | |
| CHECK POINT SOFTWARE TECH LT | CHKP | $4.1K | 17,813 | -0.02pp | 7q | -60.2%-$6.1K | |
| AIR PRODUCTS AND CHEMICALS I | APD | $4.0K | 13,422 | -0.13pp | 13q | -58.6%-$5.6K | |
| IQVIA HLDGS INC | IQV | $3.9K | 22,343 | -0.26pp | 26q | -59.1%-$5.7K | |
| VANGUARD MUN BD FDS | VTEB | $3.9K | 78,929 | +0.05pp | 26q | -45.8%-$3.3K | |
| SCHWAB STRATEGIC TR | SCHB | $3.8K | 175,180 | +0.11pp | 16q | -37.9%-$2.3K | |
| ENBRIDGE INC | ENB | $3.6K | 82,024 | -0.02pp | 26q | -54.1%-$4.3K | |
| CENCORA INC | COR | $3.6K | 12,787 | +0.01pp | 26q | -59.6%-$5.2K | |
| DISNEY WALT CO | DIS | $3.5K | 35,485 | -0.23pp | 26q | -58.8%-$5.0K | |
| FISERV INC | FISV | $3.1K | 14,113 | -0.06pp | 18q | -58.0%-$4.3K | |
| ORACLE CORP | ORCL | $3.0K | 21,118 | -0.24pp | 26q | -58.9%-$4.2K | |
| ENTERGY CORP NEW | ETR | $2.9K | 34,190 | flat | 5q | -56.0%-$3.7K | |
| QUALCOMM INC | QCOM | $2.9K | 18,601 | -0.10pp | 26q | -58.1%-$4.0K | |
| SALESFORCE INC | CRM | $2.8K | 10,348 | -0.27pp | 17q | -59.8%-$4.1K | |
| CONOCOPHILLIPS | COP | $2.7K | 25,988 | +0.16pp | 8q | -30.6%-$1.2K | |
| ADOBE INC | ADBE | $2.7K | 7,066 | -0.19pp | 15q | -58.3%-$3.8K | |
| DIAGEO PLC | DEO | $2.7K | 25,758 | -0.23pp | 5q | -58.8%-$3.8K | |
| ISHARES TR | IXUS | $2.6K | 37,060 | +0.07pp | 16q | -44.9%-$2.1K | |
| UNILEVER PLC | ULXXXX | $2.6K | 43,375 | +0.05pp | 26q | -47.1%-$2.3K | |
| EBAY INC. | EBAY | $2.6K | 37,724 | +0.03pp | 26q | -51.5%-$2.7K | |
| FIDELITY COVINGTON TRUST | FHLC | $2.5K | 37,214 | - | new | NEW | |
| ISHARES TR | IUSB | $2.5K | 53,475 | -0.03pp | 16q | -54.8%-$3.0K | |
| APPLIED MATLS INC | AMAT | $2.4K | 16,600 | +0.06pp | 14q | -35.7%-$1.3K | |
| AUTODESK INC | ADSK | $2.4K | 9,122 | -0.17pp | 11q | -59.9%-$3.6K | |
| BANK OF NY MELLON CORP | BNY | $2.4K | 28,472 | +0.04pp | 26q | -49.9%-$2.4K | |
| GENERAL DYNAMICS CORP | GD | $2.4K | 8,752 | +0.13pp | 26q | -32.6%-$1.2K | |
| BLACKROCK INC | BLK | $2.4K | 2,514 | -0.08pp | 2q | -54.5%-$2.9K | |
| FRANKLIN TEMPLETON ETF TR | FLGB | $2.4K | 82,460 | +0.07pp | 4q | -45.2%-$1.9K | |
| NOVARTIS AG | NVS | $2.3K | 20,997 | +0.08pp | 26q | -47.2%-$2.1K | |
| ISHARES TR | MCHI | $2.3K | 42,980 | +0.09pp | 14q | -45.9%-$2.0K | |
| OMNICOM GROUP INC | OMC | $2.3K | 28,135 | -0.04pp | 26q | -52.6%-$2.6K | |
| ISHARES TR | ILF | $2.3K | 97,252 | - | new | NEW | |
| LAMAR ADVERTISING CO | LAMR | $2.2K | 19,496 | -0.08pp | 26q | -55.7%-$2.8K | |
| SANOFI SA | SNY | $2.2K | 39,670 | +0.07pp | 26q | -47.0%-$2.0K | |
| GSK PLC | GSK | $2.2K | 55,546 | +0.02pp | 10q | -54.3%-$2.6K | |
| ANALOG DEVICES INC | ADI | $2.1K | 10,599 | flat | 26q | -48.0%-$2.0K | |
| AMERICAN TOWER CORP | AMT | $2.1K | 9,708 | +0.04pp | 8q | -53.7%-$2.5K | |
| VANGUARD WORLD FD | VFH | $2.1K | 17,321 | +0.01pp | 20q | -49.7%-$2.0K | |
| UNITEDHEALTH GROUP INC | UNH | $2.0K | 3,904 | -0.08pp | 26q | -60.4%-$3.1K | |
| COCA COLA CO | KO | $1.9K | 26,740 | +0.01pp | 26q | -55.8%-$2.4K | |
| MCKESSON CORP | MCK | $1.9K | 2,829 | +0.07pp | 26q | -48.2%-$1.8K | |
| DUKE ENERGY CORP NEW | DUK | $1.7K | 14,339 | +0.01pp | 26q | -55.4%-$2.2K | |
| VANGUARD WHITEHALL FDS | VWOB | $1.7K | 26,498 | -0.30pp | 12q | -75.0%-$5.1K | |
| LLOYDS BANKING GROUP PLC | LYG | $1.7K | 435,473 | +0.05pp | 26q | -57.0%-$2.2K | |
| TRUIST FINL CORP | TFC | $1.6K | 38,963 | -0.05pp | 22q | -55.9%-$2.0K | |
| AMGEN INC | AMGN | $1.6K | 5,091 | +0.02pp | 26q | -55.5%-$2.0K | |
| SCHWAB STRATEGIC TR | SCHP | $1.6K | 58,144 | -0.12pp | 26q | -66.7%-$3.1K | |
| WEC ENERGY GROUP INC | WEC | $1.5K | 14,011 | +0.01pp | 4q | -56.1%-$1.9K | |
| VERIZON COMMUNICATIONS INC | VZ | $1.5K | 33,319 | +0.03pp | 26q | -50.9%-$1.6K | |
| GENUINE PARTS CO | GPC | $1.5K | 12,656 | -0.03pp | 26q | -55.9%-$1.9K | |
| SCHWAB STRATEGIC TR | FNDE | $1.5K | 47,833 | +0.06pp | 26q | -39.7% | |
| VEEVA SYS INC | VEEV | $1.4K | 6,092 | -0.03pp | 10q | -59.7%-$2.1K | |
| J P MORGAN EXCHANGE TRADED F | JMUB | $1.4K | 28,124 | +0.02pp | 13q | -45.5%-$1.2K | |
| PFIZER INC | PFE | $1.3K | 52,792 | -0.03pp | 26q | -53.6%-$1.5K | |
| BANK OF AMER CORP | BAC | $1.3K | 32,012 | flat | 9q | -48.6%-$1.3K | |
| RTX CORPORATION | RTX | $1.3K | 10,002 | +0.05pp | 6q | -46.2%-$1.1K | |
| ECOLAB INC | ECL | $1.3K | 5,174 | -0.03pp | 11q | -59.7%-$1.9K | |
| VANGUARD INDEX FDS | VO | $1.3K | 4,871 | -0.55pp | 26q | -85.0%-$7.1K | |
| UNITED PARCEL SVCS INC | UPS | $1.2K | 11,107 | -0.06pp | 26q | -55.0%-$1.5K | |
| ISHARES TR | IVV | $1.2K | 2,155 | -0.08pp | 26q | -62.1%-$2.0K | |
| VANGUARD WORLD FD | VDC | $1.2K | 5,524 | +0.02pp | 26q | -46.2%-$1.0K | |
| HUNTINGTON INGALLS INDS INC | HII | $1.2K | 5,862 | +0.01pp | 4q | -52.8%-$1.3K | |
| FIDELITY NATL INFORMATION SV | FIS | $1.1K | 14,932 | -0.04pp | 18q | -55.8%-$1.4K | |
| TEXAS INSTRS INC | TXN | $1.1K | 6,127 | -0.03pp | 21q | -54.9%-$1.3K | |
| EDISON INTL | EIX | $1.1K | 17,901 | -0.10pp | 16q | -55.6%-$1.3K | |
| FIDELITY COVINGTON TRUST | FSTA | $1.0K | 19,714 | -0.11pp | 19q | -70.0%-$2.4K | |
| ISHARES TR | MUB | $990 | 9,385 | +0.01pp | 26q | -46.3% | |
| PEPSICO INC | PEP | $938 | 6,258 | +0.01pp | 26q | -46.9% | |
| ALLEGION PLC | ALLE | $874 | 6,701 | +0.03pp | 8q | -37.2% | |
| YUM CHINA HLDGS INC | YUMC | $853 | 16,387 | +0.01pp | 21q | -50.7% | |
| VANGUARD WORLD FD | VOX | $794 | 5,350 | -0.58pp | 11q | -89.6%-$6.8K | |
| WARNER MUSIC GROUP CORP | WMG | $773 | 24,671 | +0.01pp | 3q | -46.8% | |
| INGREDION INC | INGR | $768 | 5,680 | +0.01pp | 21q | -46.5% | |
| ISHARES INC | EWY | $766 | 14,167 | - | new | NEW | |
| ISHARES TR | ICSH | $713 | 14,059 | +0.06pp | 11q | -10.9% | |
| VERISIGN INC | VRSN | $709 | 2,792 | +0.03pp | 4q | -47.6% | |
| J P MORGAN EXCHANGE TRADED F | JPST | $701 | 13,843 | +0.06pp | 11q | -12.6% | |
| PLAINS GP HLDGS L P | PAGP | $691 | 32,347 | flat | 24q | -57.0% | |
| ALTRIA GROUP INC | MO | $627 | 10,440 | flat | 26q | -55.5% | |
| APPLE INC | AAPL | $610 | 2,744 | +0.02pp | 26q | -29.6% | |
| DIAMONDBACK ENERGY INC | FANG | $609 | 3,810 | +0.05pp | 20q | -8.7% | |
| ZEBRA TECHNOLOGIES CORPORATI | ZBRA | $604 | 2,139 | -0.03pp | 10q | -47.3% | |
| THE CIGNA GROUP | CI | $596 | 1,810 | +0.02pp | 26q | -46.2% | |
| BROADRIDGE FINL SOLUTIONS IN | BR | $544 | 2,245 | -0.01pp | 9q | -57.0% | |
| ISHARES TR | SUB | $540 | 5,118 | +0.03pp | 2q | -30.6% | |
| BIO RAD LABS INC | BIO | $539 | 2,213 | -0.01pp | 2q | -37.9% | |
| SPDR SERIES TRUST | SPYM | $482 | 7,331 | +0.04pp | 7q | -12.8% | |
| ALIBABA GROUP HLDG LTD | BABA | $479 | 3,621 | +0.03pp | 18q | -48.7% | |
| CVS HEALTH CORP | CVS | $455 | 6,720 | +0.03pp | 18q | -46.5% | |
| CITIGROUP INC | C | $450 | 6,337 | +0.01pp | 26q | -46.2% | |
| LABCORP HOLDINGS INC | LH | $413 | 1,775 | flat | 4q | -47.8% | |
| CASEYS GEN STORES INC | CASY | $404 | 931 | - | new | NEW | |
| CHARLES RIV LABS INTL INC | CRL | $394 | 2,616 | -0.01pp | 11q | -46.8% | |
| CAPITAL ONE FINL CORP | COF | $392 | 2,188 | +0.01pp | 26q | -44.2% | |
| WARNER BROS DISCOVERY INC | WBD | $367 | 34,173 | +0.01pp | 12q | -45.3% | |
| HOME DEPOT INC | HD | $328 | 896 | +0.02pp | 26q | -11.8% | |
| US BANCORP | USB | $318 | 7,535 | flat | 26q | -44.5% | |
| NVIDIA CORPORATION | NVDA | $313 | 2,888 | +0.02pp | 9q | -11.6% | |
| GENERAL MTRS CO | GM | $274 | 5,820 | flat | 26q | -45.0% | |
| SCHWAB STRATEGIC TR | SCHR | $268 | 10,778 | -0.01pp | 21q | -60.3% | |
| ABBVIE INC | ABBV | $243 | 1,158 | +0.02pp | 21q | -11.3% | |
| VANGUARD BD INDEX FDS | BLV | $242 | 3,433 | -0.38pp | 20q | -95.0%-$4.6K | |
| HANESBRANDS INC | HBI | $220 | 38,136 | -0.01pp | 26q | -45.6% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q1 2025 | $546.0K | 134 | 5 | 0 | 129 | 16 | 46.9% | 35 |
| Q4 2024 | $1.1M | 145 | 4 | 1 | 140 | 264 | 43.2% | 43 |
| Q3 2024 | $9.8M | 405 | 47 | 225 | 95 | 18 | 34.6% | 38 |
| Q2 2024 | $9.2M | 376 | 44 | 185 | 116 | 16 | 35.6% | 44 |
| Q1 2024 | $9.1M | 348 | 16 | 15 | 316 | 73 | 35.4% | 45 |
| Q4 2023 | $17.7M | 405 | 135 | 264 | 6 | 5 | 34.6% | 44 |
| Q3 2023 | $7.8M | 275 | 40 | 134 | 73 | 10 | 37.3% | 45 |
| Q2 2023 | $7.8M | 245 | 25 | 121 | 81 | 8 | 35.5% | 45 |
| Q1 2023 | $7.4M | 228 | 23 | 124 | 62 | 12 | 35.3% | 45 |
| Q4 2022 | $7.3M | 217 | 10 | 78 | 109 | 11 | 35.1% | 41 |
| Q3 2022 | $7.1B | 218 | 18 | 109 | 83 | 18 | 36.4% | 45 |
| Q2 2022 | $7.5B | 218 | 10 | 133 | 68 | 25 | 37.6% | 43 |
| Q1 2022 | $9.0B | 233 | 19 | 160 | 39 | 24 | 36.5% | 40 |
| Q4 2021 | $9.0B | 238 | 19 | 149 | 52 | 3 | 36.2% | 32 |
| Q3 2021 | $8.5B | 222 | 12 | 139 | 48 | 6 | 35.9% | 43 |
| Q2 2021 | $8.3B | 216 | 16 | 111 | 65 | 7 | 35.5% | 43 |
| Q1 2021 | $7.7B | 207 | 12 | 90 | 89 | 11 | 32.8% | 41 |
| Q4 2020 | $7.2B | 206 | 17 | 47 | 135 | 16 | 33.4% | 42 |
| Q3 2020 | $6.4B | 205 | 11 | 75 | 111 | 9 | 34.1% | 41 |
| Q2 2020 | $6.1B | 203 | 14 | 51 | 133 | 20 | 34.6% | 30 |
| Q1 2020 | $5.5B | 209 | 33 | 100 | 71 | 21 | 33.9% | 34 |
| Q4 2019 | $6.4B | 197 | 16 | 68 | 89 | 9 | 32.5% | 41 |
| Q3 2019 | $5.9B | 190 | 6 | 69 | 100 | 27 | 32.4% | 43 |
| Q2 2019 | $6.1B | 211 | 21 | 86 | 87 | 13 | 31.3% | 44 |
| Q1 2019 | $5.8B | 203 | 16 | 67 | 104 | 18 | 30.9% | 43 |
| Q4 2018 | $5.1B | 205 | 0 | 0 | 0 | 0 | 31.8% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.