13F HOLDINGS REPORT

INVESTMENT PARTNERS, LTD.

Quarter ended Q4 2023 · Filed October 31, 2023 · Accession 0001085146-23-003996

Total Value

$190.0M

Positions

133

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (133)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES TR	464287614	42,546	$11.3M	5.96%
2	ISHARES TR	464287598	64,424	$9.8M	5.15%
3	VANGUARD TAX-MANAGED FDS	921943858	164,265	$7.2M	3.78%
4	MICROSOFT CORP	MSFT	22,584	$7.1M	3.75%
5	APPLE INC	AAPL	37,063	$6.3M	3.34%
6	VANGUARD INTL EQUITY INDEX F	922042858	133,155	$5.2M	2.75%
7	ISHARES TR	46432F842	72,654	$4.7M	2.46%
8	VANGUARD SPECIALIZED FUNDS	921908844	29,338	$4.6M	2.40%
9	ISHARES TR	464287481	42,374	$3.9M	2.04%
10	ISHARES TR	464287309	54,920	$3.8M	1.98%
11	ISHARES TR	464287473	35,926	$3.7M	1.97%
12	ISHARES TR	464287408	24,070	$3.7M	1.95%
13	ELI LILLY & CO	LLY	6,628	$3.6M	1.87%
14	ISHARES TR	464287465	49,051	$3.4M	1.78%
15	ISHARES TR	464288414	31,063	$3.2M	1.68%
16	ISHARES TR	46434V407	77,262	$3.2M	1.67%
17	ISHARES TR	46429B697	42,845	$3.1M	1.63%
18	ISHARES TR	464287630	21,304	$2.9M	1.52%
19	JPMORGAN CHASE & CO	VYLD	19,753	$2.9M	1.51%
20	SPDR SER TR	78464A763	22,719	$2.6M	1.37%
21	ISHARES TR	464287648	10,977	$2.5M	1.29%
22	VANGUARD INTL EQUITY INDEX F	922042718	23,165	$2.5M	1.29%
23	VANGUARD BD INDEX FDS	921937827	32,149	$2.4M	1.27%
24	SELECT SECTOR SPDR TR	81369Y886	40,231	$2.4M	1.25%
25	VANGUARD INDEX FDS	922908629	11,185	$2.3M	1.23%
26	ISHARES TR	464287200	5,122	$2.2M	1.16%
27	PRINCIPAL EXCHANGE TRADED FD	74255Y888	127,471	$2.1M	1.13%
28	BERKSHIRE HATHAWAY INC DEL	BRK-A	5,881	$2.1M	1.08%
29	VANGUARD WHITEHALL FDS	921946810	28,443	$2.0M	1.07%
30	EXXON MOBIL CORP	XOM	16,560	$1.9M	1.02%
31	ORACLE CORP	ORCL-PD	18,076	$1.9M	1.01%
32	PEPSICO INC	PEP	11,106	$1.9M	0.99%
33	ISHARES TR	464288646	35,692	$1.8M	0.94%
34	VANGUARD INDEX FDS	922908751	8,813	$1.7M	0.88%
35	AUTOMATIC DATA PROCESSING IN	ADP	6,904	$1.7M	0.87%
36	ISHARES TR	464287507	6,512	$1.6M	0.85%
37	AMERICAN ELEC PWR CO INC	025537101	21,486	$1.6M	0.85%
38	ISHARES TR	46435G672	32,373	$1.6M	0.83%
39	VANGUARD INDEX FDS	922908553	20,737	$1.6M	0.83%
40	MCDONALDS CORP	MCD	5,239	$1.4M	0.73%
41	CHEVRON CORP NEW	CVX	8,056	$1.4M	0.71%
42	UNITEDHEALTH GROUP INC	UNH	2,622	$1.3M	0.70%
43	HOME DEPOT INC	HD	4,244	$1.3M	0.67%
44	ISHARES TR	464288679	11,409	$1.3M	0.66%
45	VISA INC	V	5,478	$1.3M	0.66%
46	PROCTER AND GAMBLE CO	742718109	8,549	$1.2M	0.66%
47	ISHARES TR	46429B689	19,003	$1.2M	0.65%
48	CISCO SYS INC	CSCO	22,802	$1.2M	0.65%
49	WALMART INC	WMT	7,494	$1.2M	0.63%
50	COSTCO WHSL CORP NEW	22160K105	2,058	$1.2M	0.61%
51	JOHNSON & JOHNSON	JNJ	6,716	$1.0M	0.55%
52	CATERPILLAR INC	CAT	3,651	$996,807	0.52%
53	NVIDIA CORPORATION	NVDA	2,237	$972,859	0.51%
54	PFIZER INC	PFE	28,641	$950,021	0.50%
55	ALPHABET INC	GOOG	7,036	$927,733	0.49%
56	SPDR SER TR	78468R739	19,924	$921,087	0.48%
57	LOCKHEED MARTIN CORP	LMT	2,213	$904,869	0.48%
58	BRISTOL-MYERS SQUIBB CO	CELG-RI	15,499	$899,568	0.47%
59	SPDR GOLD TR	GLD	5,243	$898,912	0.47%
60	ISHARES TR	46434V621	18,115	$897,256	0.47%
61	COCA COLA CO	KO	15,863	$888,003	0.47%
62	SELECT SECTOR SPDR TR	81369Y506	9,765	$882,619	0.46%
63	ISHARES SILVER TR	SLV	42,900	$872,586	0.46%
64	HUNTINGTON BANCSHARES INC	HBANP	78,792	$819,437	0.43%
65	ABBOTT LABS	ABLZF	8,434	$816,804	0.43%
66	THERMO FISHER SCIENTIFIC INC	TMO	1,596	$808,035	0.43%
67	VERIZON COMMUNICATIONS INC	VZ	24,792	$803,516	0.42%
68	AMAZON COM INC	AMZN	6,040	$767,805	0.40%
69	VANECK ETF TRUST	92189H409	15,406	$755,972	0.40%
70	ISHARES TR	464287655	4,191	$740,747	0.39%
71	MERCK & CO INC	MRK	6,796	$699,651	0.37%
72	DISNEY WALT CO	254687106	8,582	$695,594	0.37%
73	BOEING CO	BA-PA	3,612	$692,362	0.36%
74	ISHARES TR	46429B663	6,788	$671,219	0.35%
75	INTERNATIONAL BUSINESS MACHS	INTR	4,440	$622,952	0.33%
76	SELECT SECTOR SPDR TR	81369Y100	7,815	$613,868	0.32%
77	ALPHABET INC	GOOG	4,691	$613,864	0.32%
78	BP PLC	BPPFF	15,618	$604,737	0.32%
79	INTEL CORP	INTC	17,010	$604,702	0.32%
80	INVESCO QQQ TR	IVZ	1,685	$603,528	0.32%
81	FIRST TR EXCHANGE-TRADED FD	33741X102	20,734	$585,320	0.31%
82	SELECT SECTOR SPDR TR	81369Y704	5,685	$576,345	0.30%
83	SPDR S&P 500 ETF TR	SPY	1,339	$572,435	0.30%
84	ADOBE INC	ADBE	1,121	$571,598	0.30%
85	SELECT SECTOR SPDR TR	81369Y605	16,511	$547,670	0.29%
86	GILEAD SCIENCES INC	GILD	7,068	$529,656	0.28%
87	ABBVIE INC	ABBV	3,520	$524,632	0.28%
88	ASML HOLDING N V	ASMLF	887	$522,293	0.27%
89	ENBRIDGE INC	ENNPF	14,727	$488,777	0.26%
90	NORTHROP GRUMMAN CORP	NOC	1,105	$486,410	0.26%
91	ISHARES TR	464287168	4,435	$477,346	0.25%
92	GENERAL DYNAMICS CORP	GD	2,020	$446,262	0.23%
93	DNP SELECT INCOME FD INC	23325P104	46,026	$438,164	0.23%
94	SELECT SECTOR SPDR TR	81369Y308	6,300	$433,503	0.23%
95	INVESCO EXCHANGE TRADED FD T	IVZ	3,029	$429,117	0.23%
96	COCA-COLA FEMSA SAB DE CV	COCSF	5,461	$428,385	0.23%
97	VANGUARD SCOTTSDALE FDS	92206C714	6,096	$406,354	0.21%
98	ISHARES TR	464288638	8,233	$400,530	0.21%
99	YUM BRANDS INC	YUM	3,157	$394,434	0.21%
100	SPDR SER TR	78464A508	9,002	$371,423	0.20%
101	ISHARES TR	46429B598	7,924	$350,399	0.18%
102	ALBEMARLE CORP	ALB-PA	1,965	$334,106	0.18%
103	ANALOG DEVICES INC	ADI	1,842	$322,528	0.17%
104	STARBUCKS CORP	SBUX	3,470	$316,682	0.17%
105	LOWES COS INC	548661107	1,507	$313,130	0.16%
106	GENUINE PARTS CO	GPC	2,152	$310,682	0.16%
107	COMCAST CORP NEW	CCZ	6,996	$310,223	0.16%
108	MARSH & MCLENNAN COS INC	571748102	1,612	$306,764	0.16%
109	INTUITIVE SURGICAL INC	ISRG	1,042	$304,566	0.16%
110	GENERAL MLS INC	370334104	4,706	$301,162	0.16%
111	NEXTERA ENERGY INC	NEE-PW	5,060	$289,877	0.15%
112	INVESCO EXCH TRADED FD TR II	IVZ	4,879	$286,847	0.15%
113	ALLSTATE CORP	ALL-PJ	2,543	$283,314	0.15%
114	AMERICAN TOWER CORP NEW	03027X100	1,682	$276,623	0.15%
115	COLGATE PALMOLIVE CO	CL	3,863	$274,698	0.14%
116	CINCINNATI FINL CORP	172062101	2,644	$270,431	0.14%
117	NIKE INC	NKE	2,823	$269,958	0.14%
118	ISHARES TR	464289875	6,892	$268,306	0.14%
119	ATLASSIAN CORPORATION	TEAM	1,331	$268,210	0.14%
120	TORONTO DOMINION BK ONT	TORO	4,343	$261,684	0.14%
121	SPDR S&P MIDCAP 400 ETF TR	MDY	568	$259,372	0.14%
122	PRUDENTIAL FINL INC	PUKPF	2,633	$249,866	0.13%
123	FIDELITY NATIONAL FINANCIAL	FNF	5,924	$244,672	0.13%
124	ISHARES TR	464287804	2,592	$244,501	0.13%
125	GOLDMAN SACHS GROUP INC	GSCE	746	$241,422	0.13%
126	TAIWAN SEMICONDUCTOR MFG LTD	874039100	2,744	$238,450	0.13%
127	UNITED PARCEL SERVICE INC	UPS	1,423	$221,815	0.12%
128	SIFCO INDS INC	826546103	57,541	$211,175	0.11%
129	AT&T INC	T-PC	13,925	$209,161	0.11%
130	MARATHON PETE CORP	MARA	1,375	$208,142	0.11%
131	VANGUARD INDEX FDS	922908736	753	$204,993	0.11%
132	BLACKROCK MUNIASSETS FD INC	BLK	15,782	$142,038	0.07%
133	ENCORE ENERGY CORP	EU	34,305	$111,834	0.06%