13F HOLDINGS REPORT

INVESTMENT PARTNERS, LTD.

Quarter ended Q4 2025 · Filed February 10, 2026 · Accession 0001050068-26-000001

Total Value

$285.7M

Positions

149

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (149)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES TR	464287614	35,869	$17.0M	5.94%
2	VANGUARD TAX-MANAGED FDS	921943858	267,283	$16.7M	5.84%
3	ISHARES TR	464287598	56,816	$12.0M	4.18%
4	MICROSOFT CORP	MSFT	20,378	$9.9M	3.45%
5	APPLE INC	AAPL	35,315	$9.6M	3.36%
6	NVIDIA CORPORATION	NVDA	47,094	$8.8M	3.07%
7	VANGUARD INTL EQUITY INDEX F	922042858	157,809	$8.5M	2.97%
8	VANGUARD SPECIALIZED FUNDS	921908844	30,528	$6.7M	2.35%
9	VANGUARD BD INDEX FDS	921937827	84,871	$6.7M	2.34%
10	ISHARES TR	464287309	53,750	$6.6M	2.32%
11	ELI LILLY & CO	LLY	5,737	$6.2M	2.16%
12	ISHARES TR	464288646	112,968	$6.0M	2.09%
13	ISHARES TR	464287481	43,240	$5.9M	2.07%
14	JPMORGAN CHASE & CO.	VYLD	17,311	$5.6M	1.95%
15	ISHARES TR	46432F842	61,743	$5.5M	1.93%
16	ISHARES TR	464287473	38,562	$5.4M	1.90%
17	ISHARES TR	46434V407	125,222	$5.4M	1.88%
18	ISHARES TR	464287408	23,709	$5.0M	1.76%
19	ISHARES TR	464287465	41,732	$4.0M	1.40%
20	ISHARES TR	464287200	5,131	$3.5M	1.23%
21	ISHARES TR	46429B697	36,432	$3.4M	1.20%
22	SELECT SECTOR SPDR TR	81369Y886	78,360	$3.3M	1.17%
23	ISHARES TR	464287630	17,633	$3.2M	1.12%
24	ISHARES TR	46435G672	60,270	$3.0M	1.05%
25	ORACLE CORP	ORCL-PD	14,830	$2.9M	1.01%
26	ISHARES TR	464287648	8,746	$2.8M	0.99%
27	ISHARES SILVER TR	SLV	42,900	$2.8M	0.97%
28	VANGUARD INDEX FDS	922908629	9,396	$2.7M	0.95%
29	BERKSHIRE HATHAWAY INC DEL	BRK-A	5,415	$2.7M	0.95%
30	ALPHABET INC	GOOG	7,976	$2.5M	0.88%
31	ISHARES TR	464288414	22,524	$2.4M	0.84%
32	WALMART INC	WMT	19,818	$2.2M	0.77%
33	INVESCO QQQ TR	IVZ	3,546	$2.2M	0.76%
34	SPDR SERIES TRUST	78464A763	15,509	$2.2M	0.76%
35	AMERICAN ELEC PWR CO INC	025537101	18,385	$2.1M	0.74%
36	SPDR INDEX SHS FDS	78463X889	47,329	$2.1M	0.74%
37	ISHARES BITCOIN TRUST ETF	IBIT	42,162	$2.1M	0.73%
38	SPDR GOLD TR	GLD	5,232	$2.1M	0.73%
39	ALPHABET INC	GOOG	6,595	$2.1M	0.72%
40	CATERPILLAR INC	CAT	3,428	$2.0M	0.69%
41	VANGUARD WHITEHALL FDS	921946810	21,263	$1.9M	0.68%
42	PRINCIPAL EXCHANGE TRADED FD	74255Y888	99,541	$1.9M	0.66%
43	EXXON MOBIL CORP	XOM	15,556	$1.9M	0.66%
44	ISHARES TR	464287507	27,581	$1.8M	0.64%
45	COSTCO WHSL CORP NEW	22160K105	2,102	$1.8M	0.63%
46	AUTOMATIC DATA PROCESSING IN	ADP	7,042	$1.8M	0.63%
47	VANGUARD INDEX FDS	922908553	20,467	$1.8M	0.63%
48	AMAZON COM INC	AMZN	7,759	$1.8M	0.63%
49	VANGUARD INDEX FDS	922908751	6,732	$1.7M	0.61%
50	VANECK ETF TRUST	92189F460	77,375	$1.7M	0.59%
51	MCDONALDS CORP	MCD	5,534	$1.7M	0.59%
52	DBX ETF TR	233051630	52,144	$1.6M	0.57%
53	PEPSICO INC	PEP	11,055	$1.6M	0.56%
54	HOME DEPOT INC	HD	4,399	$1.5M	0.53%
55	VISA INC	V	4,182	$1.5M	0.51%
56	PALANTIR TECHNOLOGIES INC	PLTR	7,856	$1.4M	0.49%
57	ISHARES TR	46434V621	17,288	$1.2M	0.42%
58	ISHARES ETHEREUM TR	46438R105	52,425	$1.2M	0.41%
59	MICRON TECHNOLOGY INC	MU	4,017	$1.1M	0.40%
60	PROCTER AND GAMBLE CO	742718109	7,599	$1.1M	0.38%
61	CHEVRON CORP NEW	CVX	7,127	$1.1M	0.38%
62	ASML HOLDING N V	ASMLF	995	$1.1M	0.37%
63	HUNTINGTON BANCSHARES INC	HBANP	60,661	$1.1M	0.37%
64	INTERNATIONAL BUSINESS MACHS	INTR	3,299	$977,167	0.34%
65	CISCO SYS INC	CSCO	12,653	$974,691	0.34%
66	SPDR S&P 500 ETF TR	SPY	1,417	$966,270	0.34%
67	ISHARES TR	46429B689	10,969	$946,059	0.33%
68	JOHNSON & JOHNSON	JNJ	4,517	$934,733	0.33%
69	SELECT SECTOR SPDR TR	81369Y605	17,059	$934,321	0.33%
70	ABBVIE INC	ABBV	4,074	$930,822	0.33%
71	FIRST TR EXCHANGE-TRADED FD	33741X102	24,104	$923,659	0.32%
72	COCA COLA CO	KO	13,089	$915,064	0.32%
73	TAIWAN SEMICONDUCTOR MFG LTD	874039100	2,933	$891,420	0.31%
74	SELECT SECTOR SPDR TR	81369Y704	5,610	$870,223	0.30%
75	ISHARES TR	464287655	3,533	$869,594	0.30%
76	CROWDSTRIKE HLDGS INC	CRWD	1,816	$851,268	0.30%
77	TESLA INC	TSLA	1,883	$846,823	0.30%
78	DNP SELECT INCOME FD INC	23325P104	82,262	$821,794	0.29%
79	THERMO FISHER SCIENTIFIC INC	TMO	1,389	$804,591	0.28%
80	VANGUARD INTL EQUITY INDEX F	922042718	5,511	$789,949	0.28%
81	GOLDMAN SACHS GROUP INC	GSCE	856	$752,792	0.26%
82	SELECT SECTOR SPDR TR	81369Y506	16,071	$718,550	0.25%
83	GENERAL DYNAMICS CORP	GD	2,110	$710,188	0.25%
84	LOCKHEED MARTIN CORP	LMT	1,463	$707,656	0.25%
85	VERIZON COMMUNICATIONS INC	VZ	17,279	$703,757	0.25%
86	SELECT SECTOR SPDR TR	81369Y100	15,450	$700,658	0.25%
87	ISHARES TR	464288158	6,460	$689,282	0.24%
88	INTUITIVE SURGICAL INC	ISRG	1,198	$678,499	0.24%
89	BRISTOL-MYERS SQUIBB CO	CELG-RI	12,472	$672,734	0.24%
90	ABBOTT LABS	ABLZF	5,300	$664,081	0.23%
91	VANECK ETF TRUST	92189H409	12,911	$660,010	0.23%
92	NORTHROP GRUMMAN CORP	NOC	1,047	$597,044	0.21%
93	ISHARES TR	46429B663	4,900	$595,911	0.21%
94	DISNEY WALT CO	254687106	5,185	$589,898	0.21%
95	VANGUARD SCOTTSDALE FDS	92206C714	6,386	$589,396	0.21%
96	INVESCO EXCHANGE TRADED FD T	IVZ	3,031	$580,540	0.20%
97	GILEAD SCIENCES INC	GILD	4,645	$570,108	0.20%
98	ENBRIDGE INC	ENNPF	11,574	$553,595	0.19%
99	MERCK & CO INC	MRK	5,021	$528,503	0.18%
100	SPDR SERIES TRUST	78464A508	9,002	$511,404	0.18%
101	ISHARES TR	464289875	10,541	$503,128	0.18%
102	GE AEROSPACE	369604301	1,601	$493,092	0.17%
103	ISHARES TR	464287168	3,478	$490,948	0.17%
104	SELECT SECTOR SPDR TR	81369Y308	6,300	$489,384	0.17%
105	BLACKROCK INC	BLK	441	$472,362	0.17%
106	CINCINNATI FINL CORP	172062101	2,862	$467,402	0.16%
107	VISTRA CORP	VST	2,686	$433,348	0.15%
108	ANALOG DEVICES INC	ADI	1,593	$432,124	0.15%
109	PFIZER INC	PFE	17,349	$431,989	0.15%
110	HONEYWELL INTL INC	438516106	2,208	$430,701	0.15%
111	ALLSTATE CORP	ALL-PJ	2,066	$429,951	0.15%
112	PARK NATL CORP	700658107	2,780	$423,060	0.15%
113	EATON CORP PLC	ETN	1,315	$418,746	0.15%
114	BANK AMERICA CORP	060505104	7,486	$411,755	0.14%
115	ISHARES TR	464288679	3,627	$399,514	0.14%
116	AFFILIATED MANAGERS GROUP IN	MGRE	1,380	$397,874	0.14%
117	INTEL CORP	INTC	10,717	$395,461	0.14%
118	INVESCO EXCH TRADED FD TR II	IVZ	18,480	$388,085	0.14%
119	MORGAN STANLEY	MS-PQ	2,075	$368,349	0.13%
120	VANGUARD INDEX FDS	922908736	753	$367,505	0.13%
121	PALO ALTO NETWORKS INC	PANW	1,968	$362,506	0.13%
122	BOEING CO	BA-PA	1,659	$360,300	0.13%
123	INVESCO EXCH TRADED FD TR II	IVZ	5,025	$358,865	0.13%
124	AFLAC INC	AFL	3,142	$346,493	0.12%
125	VERTIV HOLDINGS CO	VRT	2,005	$324,805	0.11%
126	SPDR SERIES TRUST	78464A409	2,980	$317,966	0.11%
127	CAVA GROUP INC	CAVA	5,413	$317,689	0.11%
128	NEXTERA ENERGY INC	NEE-PW	3,853	$309,324	0.11%
129	COLGATE PALMOLIVE CO	CL	3,899	$308,118	0.11%
130	MARSH & MCLENNAN COS INC	571748102	1,658	$307,597	0.11%
131	KLA CORP	KLAC	250	$303,770	0.11%
132	STARBUCKS CORP	SBUX	3,587	$302,079	0.11%
133	META PLATFORMS INC	META	451	$297,912	0.10%
134	GLOBAL X FDS	37954Y673	6,041	$288,699	0.10%
135	ISHARES TR	46435U556	5,985	$288,357	0.10%
136	ISHARES TR	46429B598	5,125	$277,006	0.10%
137	YUM BRANDS INC	YUM	1,810	$273,882	0.10%
138	DIGITAL RLTY TR INC	253868103	1,740	$269,195	0.09%
139	WELLS FARGO CO NEW	949746101	2,873	$267,787	0.09%
140	AT&T INC	T-PC	10,521	$261,337	0.09%
141	SPDR S&P MIDCAP 400 ETF TR	MDY	424	$255,791	0.09%
142	JACOBS SOLUTIONS INC	J	1,879	$248,828	0.09%
143	PHILLIPS 66	PSX	1,879	$242,425	0.08%
144	GENERAL MLS INC	370334104	5,097	$237,029	0.08%
145	GE VERNOVA INC	GEV	358	$234,158	0.08%
146	ISHARES TR	464287804	1,913	$229,932	0.08%
147	S&P GLOBAL INC	SPGI	403	$210,672	0.07%
148	AMGEN INC	AMGN	632	$206,935	0.07%
149	PENNANTPARK FLOATING RATE CA	PFLT	10,000	$92,700	0.03%