# OARSMAN CAPITAL, INC.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1569667. Source: https://holderbook.com/funds/1569667-oarsman-capital-inc/

- Reported value: $944.8M
- Positions: 244
- Weight of the ten largest: 54.6%
- Filed: 2026-08-07

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 |
|---|---|---|---|---|---|
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $86.3M | 871,502 | 9.1% | 11 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $84.1M | 3,037,490 | 8.9% | 31 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $75.3M | 345,705 | 8.0% | 14 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $75.1M | 631,032 | 7.9% | 31 |
| SPDR SERIES TRUST | [SPMD](https://holderbook.com/stocks/SPMD/) | $43.4M | 642,059 | 4.6% | 13 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $38.2M | 179,477 | 4.0% | 18 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $33.7M | 583,514 | 3.6% | 31 |
| ISHARES TR | [GVI](https://holderbook.com/stocks/GVI/) | $28.4M | 267,498 | 3.0% | 15 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $25.7M | 72,668 | 2.7% | 31 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $25.6M | 291,664 | 2.7% | 11 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $17.0M | 166,320 | 1.8% | 15 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $16.2M | 21,685 | 1.7% | 14 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $15.1M | 52,336 | 1.6% | 31 |
| COHEN & STEERS ETF TRUST | [CSSD](https://holderbook.com/stocks/CSSD/) | $14.8M | 588,572 | 1.6% | 2 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $13.7M | 68,606 | 1.5% | 30 |
| WISDOMTREE TR | [XC](https://holderbook.com/stocks/XC/) | $12.1M | 382,488 | 1.3% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $11.9M | 31,877 | 1.3% | 31 |
| API GROUP CORP | [APG](https://holderbook.com/stocks/APG/) | $10.4M | 246,509 | 1.1% | 11 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $9.7M | 25,549 | 1.0% | 23 |
| SCHWAB STRATEGIC TR | [SCHC](https://holderbook.com/stocks/SCHC/) | $9.1M | 189,176 | 1.0% | 13 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $8.2M | 7,683 | 0.9% | 31 |
| GOLDMAN SACHS PHYSICAL GOLD | [AAAU](https://holderbook.com/stocks/AAAU/) | $8.1M | 204,694 | 0.9% | 9 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $7.6M | 21,313 | 0.8% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $7.5M | 31,260 | 0.8% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $7.4M | 145,712 | 0.8% | 15 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $5.8M | 5,736 | 0.6% | 24 |
| J P MORGAN EXCHANGE TRADED F | [JPRE](https://holderbook.com/stocks/JPRE/) | $5.6M | 107,800 | 0.6% | 8 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $5.6M | 124,656 | 0.6% | 4 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $5.6M | 31,744 | 0.6% | 14 |
| INVESCO EXCHANGE TRADED FD T | [RSPG](https://holderbook.com/stocks/RSPG/) | $5.5M | 56,517 | 0.6% | 22 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $5.4M | 38,583 | 0.6% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $5.1M | 20,266 | 0.5% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $5.0M | 44,246 | 0.5% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $4.9M | 19,140 | 0.5% | 31 |
| INVESCO ACTVELY MNGD ETC FD | [PDBC](https://holderbook.com/stocks/PDBC/) | $4.8M | 305,045 | 0.5% | 16 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $4.6M | 30,172 | 0.5% | 13 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $4.5M | 31,033 | 0.5% | 23 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $4.4M | 7,863 | 0.5% | 25 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $4.4M | 69,612 | 0.5% | 22 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $4.4M | 6,118 | 0.5% | 9 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $4.1M | 8,250 | 0.4% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $4.0M | 14,288 | 0.4% | 31 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $3.9M | 46,885 | 0.4% | 23 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $3.9M | 32,952 | 0.4% | 31 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $3.8M | 3,929 | 0.4% | 10 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $3.7M | 52,326 | 0.4% | 8 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $3.2M | 26,115 | 0.3% | 12 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $3.2M | 2,342 | 0.3% | 12 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.1M | 4,204 | 0.3% | 31 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $3.1M | 16,428 | 0.3% | 3 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $3.0M | 33,089 | 0.3% | 12 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $3.0M | 31,795 | 0.3% | 11 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $3.0M | 41,716 | 0.3% | 11 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.0M | 9,101 | 0.3% | 31 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $3.0M | 128,446 | 0.3% | 10 |
| GLOBAL X FDS | [MLPX](https://holderbook.com/stocks/MLPX/) | $2.8M | 37,492 | 0.3% | 8 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $2.7M | 34,779 | 0.3% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.7M | 2,212 | 0.3% | 25 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $2.5M | 5,101 | 0.3% | 16 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $2.5M | 45,188 | 0.3% | 14 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $2.5M | 42,777 | 0.3% | 27 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $2.5M | 8,259 | 0.3% | 11 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $2.4M | 17,672 | 0.3% | 25 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $2.3M | 12,581 | 0.2% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.3M | 40,772 | 0.2% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $2.3M | 31,765 | 0.2% | 31 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $2.3M | 6,134 | 0.2% | 31 |
| HUNTINGTON BANCSHARES INC | [HBAN](https://holderbook.com/stocks/HBAN/) | $2.1M | 118,140 | 0.2% | 21 |
| ISHARES TR | [IJT](https://holderbook.com/stocks/IJT/) | $2.1M | 11,653 | 0.2% | 25 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $2.0M | 20,467 | 0.2% | 8 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.9M | 5,194 | 0.2% | 14 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.9M | 4,497 | 0.2% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.9M | 2,716 | 0.2% | 13 |
| RAYMOND JAMES FINL INC | [RJF](https://holderbook.com/stocks/RJF/) | $1.8M | 12,117 | 0.2% | 15 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.8M | 13,538 | 0.2% | 31 |
| DIMENSIONAL ETF TRUST | [DFAS](https://holderbook.com/stocks/DFAS/) | $1.8M | 21,580 | 0.2% | 8 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.7M | 1,814 | 0.2% | 14 |
| ISHARES GOLD TRUST MICRO | [IAUM](https://holderbook.com/stocks/IAUM/) | $1.7M | 41,961 | 0.2% | 18 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.5M | 4,472 | 0.2% | 14 |
| BLACKROCK MUNIASSETS FD INC | [MUA](https://holderbook.com/stocks/MUA/) | $1.4M | 129,978 | 0.2% | 31 |
| MGIC INVT CORP WIS | [MTG](https://holderbook.com/stocks/MTG/) | $1.3M | 47,708 | 0.1% | 31 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $1.3M | 26,827 | 0.1% | 31 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $1.3M | 43,292 | 0.1% | 11 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.2M | 2,948 | 0.1% | 25 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.2M | 8,384 | 0.1% | 31 |
| UNITED AIRLS HLDGS INC | [UAL](https://holderbook.com/stocks/UAL/) | $1.2M | 8,803 | 0.1% | 11 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $1.2M | 1,614 | 0.1% | 10 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $1.1M | 10,446 | 0.1% | 11 |
| O-I GLASS INC | [OI](https://holderbook.com/stocks/OI/) | $1.1M | 111,650 | 0.1% | 27 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $1.0M | 1,595 | 0.1% | 3 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $1.0M | 9,314 | 0.1% | 8 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $992.5K | 27,470 | 0.1% | 25 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $975.4K | 2,694 | 0.1% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $941.4K | 1,833 | 0.1% | 11 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $918.4K | 6,273 | 0.1% | 15 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $917.6K | 12,057 | 0.1% | 14 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $862.6K | 27,204 | 0.1% | 25 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $859.9K | 3,181 | 0.1% | 31 |
| COHEN & STEERS REIT & PFD & | [RNP](https://holderbook.com/stocks/RNP/) | $859.7K | 42,350 | 0.1% | 11 |
| RPM INTL INC | [RPM](https://holderbook.com/stocks/RPM/) | $857.0K | 7,710 | 0.1% | 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 | +10.2% | +14.8% | -4.6% | 100% |
| Q1 2026 | -1.3% | -4.6% | +3.3% | 100% |
| Q4 2025 | +2.2% | +2.4% | -0.2% | 100% |
| Q3 2025 | +6.3% | +7.8% | -1.6% | 100% |
| Q2 2025 | +7.3% | +10.5% | -3.2% | 100% |
| Q1 2025 | -2.2% | -4.6% | +2.3% | 100% |
| Q4 2024 | +0.1% | +2.1% | -2.0% | 99% |
| Q3 2024 | +5.2% | +5.4% | -0.3% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $944.8M | 244 |
| Q1 2026 | $805.5M | 235 |
| Q4 2025 | $770.7M | 239 |
| Q3 2025 | $713.3M | 247 |
| Q2 2025 | $637.7M | 249 |
| Q1 2025 | $556.6M | 233 |
| Q4 2024 | $574.0M | 900 |
| Q3 2024 | $543.2M | 904 |
| Q2 2024 | $456.7M | 230 |
| Q1 2024 | $418.6M | 234 |
| Q4 2023 | $376.8M | 233 |
| Q3 2023 | $239.3M | 178 |