# Investment Research & Advisory Group, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1802136. Source: https://holderbook.com/funds/1802136-investment-research-advisory-group-inc/

- Reported value: $323.9M
- Positions: 314
- Weight of the ten largest: 55.8%
- Filed: 2026-07-23

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 INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $80.8M | 117,699 | 25.0% | 27 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $22.2M | 75,780 | 6.9% | 27 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $15.0M | 41,052 | 4.6% | 27 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $12.9M | 62,715 | 4.0% | 19 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $9.9M | 41,261 | 3.0% | 27 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $9.0M | 7,451 | 2.8% | 27 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $8.5M | 25,929 | 2.6% | 27 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $8.0M | 21,313 | 2.5% | 27 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $7.4M | 3,715 | 2.3% | 14 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $7.1M | 13,750 | 2.2% | 27 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $6.8M | 19,810 | 2.1% | 27 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $6.2M | 67,427 | 1.9% | 27 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $5.8M | 15,390 | 1.8% | 16 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $5.6M | 9,873 | 1.7% | 27 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $5.2M | 5,399 | 1.6% | 27 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $4.9M | 14,354 | 1.5% | 27 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $4.7M | 18,355 | 1.4% | 27 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $4.6M | 4,335 | 1.4% | 27 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $4.6M | 4,937 | 1.4% | 19 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $4.2M | 58,744 | 1.3% | 27 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $4.1M | 12,081 | 1.3% | 27 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $4.0M | 11,352 | 1.2% | 27 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $3.9M | 7,614 | 1.2% | 27 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $3.8M | 21,071 | 1.2% | 27 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $3.5M | 34,667 | 1.1% | 27 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $3.5M | 18,058 | 1.1% | 27 |
| VANGUARD SCOTTSDALE FDS | [VTWO](https://holderbook.com/stocks/VTWO/) | $3.3M | 27,278 | 1.0% | 7 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $3.3M | 10,911 | 1.0% | 27 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $3.2M | 14,816 | 1.0% | 19 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $2.9M | 16,437 | 0.9% | 8 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $2.9M | 5,596 | 0.9% | 10 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $2.7M | 37,721 | 0.8% | 8 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $2.5M | 16,192 | 0.8% | 27 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $2.4M | 2,061 | 0.7% | 9 |
| SPDR SERIES TRUST | [SPYX](https://holderbook.com/stocks/SPYX/) | $2.4M | 3,231 | 0.7% | 27 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $2.3M | 12,891 | 0.7% | 14 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $2.0M | 26,237 | 0.6% | 12 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.9M | 19,911 | 0.6% | 7 |
| CLOROX CO DEL | [CLX](https://holderbook.com/stocks/CLX/) | $1.6M | 16,662 | 0.5% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.4M | 3,917 | 0.4% | 27 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $1.3M | 15,732 | 0.4% | 27 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $1.3M | 3,298 | 0.4% | 1 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $1.3M | 6,820 | 0.4% | 10 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $1.3M | 15,732 | 0.4% | 7 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $1.3M | 17,152 | 0.4% | 27 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $1.2M | 10,823 | 0.4% | 17 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $1.2M | 12,930 | 0.4% | 2 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.1M | 14,112 | 0.3% | 27 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.1M | 1,433 | 0.3% | 27 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $973.8K | 7,080 | 0.3% | 21 |
| GLOBE LIFE INC | [GL](https://holderbook.com/stocks/GL/) | $852.3K | 4,769 | 0.3% | 20 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $850.4K | 9,549 | 0.3% | 27 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $834.2K | 2,323 | 0.3% | 27 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $623.8K | 1,415 | 0.2% | 6 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $622.0K | 3,805 | 0.2% | 6 |
| VANGUARD WORLD FD | [VDE](https://holderbook.com/stocks/VDE/) | $617.1K | 4,110 | 0.2% | 25 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $590.0K | 2,599 | 0.2% | 21 |
| SPDR SERIES TRUST | [SPHY](https://holderbook.com/stocks/SPHY/) | $507.4K | 21,645 | 0.2% | 13 |
| CHOICE HOTELS INTL INC | [CHH](https://holderbook.com/stocks/CHH/) | $469.4K | 4,257 | 0.1% | 20 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $438.6K | 355 | 0.1% | 3 |
| INDEPENDENCE RLTY TR INC | [IRT](https://holderbook.com/stocks/IRT/) | $427.0K | 25,587 | 0.1% | 18 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $407.4K | 999 | 0.1% | 19 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $378.5K | 1,196 | 0.1% | 27 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $359.4K | 4,164 | 0.1% | 27 |
| VULCAN MATLS CO | [VMC](https://holderbook.com/stocks/VMC/) | $330.5K | 1,115 | 0.1% | 4 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $325.2K | 2,055 | 0.1% | 27 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $320.8K | 702 | 0.1% | 6 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $315.2K | 2,399 | 0.1% | 27 |
| PINNACLE FINL PARTNERS INC | [PNFP](https://holderbook.com/stocks/PNFP/) | $312.4K | 3,096 | 0.1% | 3 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $300.7K | 4,846 | 0.1% | 27 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $292.4K | 2,344 | 0.1% | 8 |
| PRINCIPAL FINANCIAL GROUP IN | [PFG](https://holderbook.com/stocks/PFG/) | $285.0K | 2,636 | 0.1% | 3 |
| ISHARES TOTAL US STOCK MARKET ETF | - | $282.9K | 1,722 | 0.1% | 13 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $271.3K | 742 | 0.1% | 4 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $266.3K | 342 | 0.1% | 17 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $262.7K | 1,154 | 0.1% | 27 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $243.7K | 1,003 | 0.1% | 5 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $234.7K | 896 | 0.1% | 27 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $224.2K | 788 | 0.1% | 19 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $217.0K | 206 | 0.1% | 19 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $180.7K | 493 | 0.1% | 27 |
| INVESCO EXCHANGE TRADED FD T | [PRF](https://holderbook.com/stocks/PRF/) | $173.8K | 3,216 | 0.1% | 6 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $170.0K | 231 | 0.1% | 27 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $167.0K | 1,142 | 0.1% | 27 |
| ARISTA NETWORKS INC | [ANETXXXX](https://holderbook.com/stocks/ANETXXXX/) | $160.9K | 905 | 0.0% | 10 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $156.7K | 1,591 | 0.0% | 5 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $149.6K | 1,160 | 0.0% | 21 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $147.0K | 207 | 0.0% | 2 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $143.7K | 3,375 | 0.0% | 15 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $143.0K | 940 | 0.0% | 27 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $137.0K | 370 | 0.0% | 27 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $136.2K | 1,167 | 0.0% | 4 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $135.8K | 1,062 | 0.0% | 27 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $130.1K | 1,048 | 0.0% | 1 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $120.7K | 2,234 | 0.0% | 2 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $116.2K | 2,400 | 0.0% | 27 |
| SPDR SERIES TRUST | [SPYD](https://holderbook.com/stocks/SPYD/) | $114.8K | 2,407 | 0.0% | 1 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $112.9K | 3,561 | 0.0% | 5 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $112.9K | 643 | 0.0% | 27 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $111.4K | 572 | 0.0% | 6 |

## 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 | +12.3% | +14.8% | -2.5% | 99% |
| Q1 2026 | -5.8% | -4.6% | -1.1% | 100% |
| Q4 2025 | +2.1% | +2.4% | -0.3% | 100% |
| Q3 2025 | +6.4% | +7.8% | -1.5% | 101% |
| Q2 2025 | +8.9% | +10.5% | -1.6% | 101% |
| Q1 2025 | -2.7% | -4.6% | +1.8% | 101% |
| Q4 2024 | +2.0% | +2.1% | -0.2% | 100% |
| Q3 2024 | +5.4% | +5.4% | -0.1% | 101% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $323.9M | 314 |
| Q1 2026 | $286.3M | 277 |
| Q4 2025 | $302.1M | 275 |
| Q3 2025 | $295.0M | 253 |
| Q2 2025 | $268.4M | 246 |
| Q1 2025 | $239.4M | 250 |
| Q4 2024 | $241.0M | 210 |
| Q3 2024 | $236.9M | 209 |
| Q2 2024 | $225.6M | 207 |
| Q1 2024 | $217.3M | 208 |
| Q4 2023 | $195.9M | 222 |
| Q3 2023 | $176.2M | 217 |