13F HOLDINGS REPORT

INVESTMENT PARTNERS, LTD.

Quarter ended Q1 2025 · Filed April 30, 2025 · Accession 0001085146-25-002455

Total Value

$241.2M

Positions

148

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (148)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES TR	464287614	35,486	$12.8M	5.31%
2	ISHARES TR	464287598	55,635	$10.5M	4.34%
3	VANGUARD TAX-MANAGED FDS	921943858	202,526	$10.3M	4.27%
4	MICROSOFT CORP	MSFT	22,702	$8.5M	3.53%
5	APPLE INC	AAPL	34,543	$7.7M	3.18%
6	VANGUARD INTL EQUITY INDEX F	922042858	142,952	$6.5M	2.68%
7	VANGUARD SPECIALIZED FUNDS	921908844	30,254	$5.9M	2.43%
8	ELI LILLY & CO	LLY	6,548	$5.4M	2.24%
9	NVIDIA CORPORATION	NVDA	46,919	$5.1M	2.11%
10	VANGUARD BD INDEX FDS	921937827	64,421	$5.0M	2.09%
11	ISHARES TR	464287309	53,992	$5.0M	2.08%
12	ISHARES TR	46432F842	65,328	$4.9M	2.05%
13	JPMORGAN CHASE & CO.	VYLD	19,988	$4.9M	2.03%
14	ISHARES TR	464288646	88,294	$4.6M	1.92%
15	ISHARES TR	464287408	23,671	$4.5M	1.87%
16	ISHARES TR	464287481	38,044	$4.5M	1.85%
17	ISHARES TR	464287473	34,154	$4.3M	1.78%
18	ISHARES TR	46434V407	100,128	$4.3M	1.77%
19	ISHARES TR	464287465	47,812	$3.9M	1.62%
20	ABBVIE INC	ABBV	17,193	$3.6M	1.49%
21	ISHARES TR	46429B697	36,267	$3.4M	1.41%
22	BERKSHIRE HATHAWAY INC DEL	BRK-A	5,786	$3.1M	1.28%
23	SELECT SECTOR SPDR TR	81369Y886	38,827	$3.1M	1.27%
24	ISHARES TR	464287200	5,224	$2.9M	1.22%
25	ISHARES TR	464288414	24,387	$2.6M	1.07%
26	VANGUARD INTL EQUITY INDEX F	922042718	21,883	$2.5M	1.05%
27	ISHARES TR	464287630	16,317	$2.5M	1.02%
28	VANGUARD INDEX FDS	922908629	9,449	$2.4M	1.01%
29	PRINCIPAL EXCHANGE TRADED FD	74255Y888	126,908	$2.4M	0.98%
30	AMERICAN ELEC PWR CO INC	025537101	21,327	$2.3M	0.97%
31	ORACLE CORP	ORCL-PD	16,632	$2.3M	0.96%
32	ISHARES TR	46435G672	46,420	$2.3M	0.96%
33	AUTOMATIC DATA PROCESSING IN	ADP	7,405	$2.3M	0.94%
34	ISHARES TR	464287648	8,401	$2.1M	0.89%
35	SPDR SER TR	78464A763	15,509	$2.1M	0.87%
36	WALMART INC	WMT	22,981	$2.0M	0.84%
37	COSTCO WHSL CORP NEW	22160K105	2,098	$2.0M	0.82%
38	EXXON MOBIL CORP	XOM	16,265	$1.9M	0.80%
39	MCDONALDS CORP	MCD	6,103	$1.9M	0.79%
40	ISHARES TR	464287507	32,077	$1.9M	0.78%
41	VANGUARD INDEX FDS	922908553	20,464	$1.9M	0.77%
42	VANGUARD WHITEHALL FDS	921946810	21,263	$1.8M	0.73%
43	PEPSICO INC	PEP	11,343	$1.7M	0.71%
44	HOME DEPOT INC	HD	4,595	$1.7M	0.70%
45	VISA INC	V	4,730	$1.7M	0.69%
46	PROCTER AND GAMBLE CO	742718109	8,945	$1.5M	0.63%
47	DBX ETF TR	233051630	56,077	$1.5M	0.63%
48	SPDR GOLD TR	GLD	5,258	$1.5M	0.63%
49	VANGUARD INDEX FDS	922908751	6,691	$1.5M	0.62%
50	AMAZON COM INC	AMZN	7,699	$1.5M	0.61%
51	CHEVRON CORP NEW	CVX	8,424	$1.4M	0.58%
52	ISHARES TR	46434V621	22,261	$1.4M	0.57%
53	ISHARES SILVER TR	SLV	42,900	$1.3M	0.55%
54	INVESCO QQQ TR	IVZ	2,627	$1.2M	0.51%
55	CATERPILLAR INC	CAT	3,685	$1.2M	0.50%
56	ALPHABET INC	GOOG	7,618	$1.2M	0.49%
57	VANECK ETF TRUST	92189F460	52,511	$1.1M	0.47%
58	COCA COLA CO	KO	14,747	$1.1M	0.44%
59	JOHNSON & JOHNSON	JNJ	6,275	$1.0M	0.43%
60	HUNTINGTON BANCSHARES INC	HBANP	64,641	$970,265	0.40%
61	LOCKHEED MARTIN CORP	LMT	2,092	$934,349	0.39%
62	UNITEDHEALTH GROUP INC	UNH	1,776	$930,146	0.39%
63	INTERNATIONAL BUSINESS MACHS	INTR	3,732	$928,094	0.38%
64	ISHARES BITCOIN TRUST ETF	IBIT	19,719	$923,046	0.38%
65	ALPHABET INC	GOOG	5,874	$908,330	0.38%
66	CISCO SYS INC	CSCO	14,638	$903,314	0.37%
67	BRISTOL-MYERS SQUIBB CO	CELG-RI	14,438	$880,591	0.37%
68	SPDR SER TR	78468R739	18,269	$869,604	0.36%
69	VERIZON COMMUNICATIONS INC	VZ	18,752	$850,602	0.35%
70	ISHARES TR	46429B689	10,916	$850,556	0.35%
71	SELECT SECTOR SPDR TR	81369Y506	9,053	$845,995	0.35%
72	SELECT SECTOR SPDR TR	81369Y605	16,514	$822,562	0.34%
73	FIRST TR EXCHANGE-TRADED FD	33741X102	24,014	$804,467	0.33%
74	ISHARES TR	46429B663	6,584	$797,448	0.33%
75	DISNEY WALT CO	254687106	7,982	$787,805	0.33%
76	ISHARES TR	464287655	3,812	$760,473	0.32%
77	ABBOTT LABS	ABLZF	5,643	$748,581	0.31%
78	SELECT SECTOR SPDR TR	81369Y704	5,610	$735,303	0.30%
79	SPDR S&P 500 ETF TR	SPY	1,283	$717,523	0.30%
80	THERMO FISHER SCIENTIFIC INC	TMO	1,388	$690,463	0.29%
81	VANECK ETF TRUST	92189H409	13,213	$676,241	0.28%
82	SELECT SECTOR SPDR TR	81369Y100	7,725	$664,196	0.28%
83	ASML HOLDING N V	ASMLF	988	$654,970	0.27%
84	ENBRIDGE INC	ENNPF	14,044	$622,300	0.26%
85	PALANTIR TECHNOLOGIES INC	PLTR	7,347	$620,087	0.26%
86	GILEAD SCIENCES INC	GILD	5,261	$589,544	0.24%
87	CROWDSTRIKE HLDGS INC	CRWD	1,670	$588,809	0.24%
88	GENERAL DYNAMICS CORP	GD	2,076	$565,931	0.23%
89	INTUITIVE SURGICAL INC	ISRG	1,094	$541,825	0.22%
90	NORTHROP GRUMMAN CORP	NOC	1,047	$536,092	0.22%
91	DNP SELECT INCOME FD INC	23325P104	53,725	$531,337	0.22%
92	SELECT SECTOR SPDR TR	81369Y308	6,436	$525,628	0.22%
93	INVESCO EXCHANGE TRADED FD T	IVZ	3,030	$524,869	0.22%
94	ADOBE INC	ADBE	1,358	$520,834	0.22%
95	VANGUARD SCOTTSDALE FDS	92206C714	6,309	$520,729	0.22%
96	INVESCO EXCH TRADED FD TR II	IVZ	24,806	$513,484	0.21%
97	YUM BRANDS INC	YUM	3,232	$508,528	0.21%
98	PFIZER INC	PFE	19,630	$497,417	0.21%
99	MERCK & CO INC	MRK	5,189	$465,735	0.19%
100	ISHARES TR	464287168	3,461	$464,825	0.19%
101	GOLDMAN SACHS GROUP INC	GSCE	849	$463,970	0.19%
102	SPDR SER TR	78464A508	9,002	$459,732	0.19%
103	ALLSTATE CORP	ALL-PJ	2,215	$458,728	0.19%
104	TAIWAN SEMICONDUCTOR MFG LTD	874039100	2,748	$456,233	0.19%
105	TESLA INC	TSLA	1,758	$455,603	0.19%
106	HONEYWELL INTL INC	438516106	2,144	$453,939	0.19%
107	CINCINNATI FINL CORP	172062101	2,983	$440,666	0.18%
108	PARK NATL CORP	700658107	2,780	$420,892	0.17%
109	ISHARES TR	464289875	9,497	$416,714	0.17%
110	MARSH & MCLENNAN COS INC	571748102	1,690	$412,404	0.17%
111	BLACKROCK INC	BLK	424	$401,609	0.17%
112	ISHARES TR	464288679	3,627	$400,638	0.17%
113	STARBUCKS CORP	SBUX	4,055	$397,798	0.16%
114	AFLAC INC	AFL	3,482	$387,128	0.16%
115	INVESCO EXCH TRADED FD TR II	IVZ	4,975	$371,697	0.15%
116	LOWES COS INC	548661107	1,559	$363,543	0.15%
117	COLGATE PALMOLIVE CO	CL	3,861	$361,737	0.15%
118	COCA-COLA FEMSA SAB DE CV	COCSF	3,674	$335,424	0.14%
119	BANK AMERICA CORP	060505104	7,607	$317,454	0.13%
120	INTEL CORP	INTC	13,912	$315,934	0.13%
121	ISHARES TR	464288638	6,000	$315,120	0.13%
122	GE AEROSPACE	369604301	1,571	$314,474	0.13%
123	ANALOG DEVICES INC	ADI	1,498	$302,202	0.13%
124	PRUDENTIAL FINL INC	PUKPF	2,704	$301,995	0.13%
125	VISTRA CORP	VST	2,550	$299,441	0.12%
126	COMCAST CORP NEW	CCZ	8,081	$298,183	0.12%
127	ISHARES TR	46429B598	5,765	$296,782	0.12%
128	CAVA GROUP INC	CAVA	3,428	$296,213	0.12%
129	AT&T INC	T-PC	10,107	$285,826	0.12%
130	BOEING CO	BA-PA	1,659	$283,020	0.12%
131	GENERAL MLS INC	370334104	4,704	$281,255	0.12%
132	PALO ALTO NETWORKS INC	PANW	1,643	$280,362	0.12%
133	VANGUARD INDEX FDS	922908736	751	$278,655	0.12%
134	NEXTERA ENERGY INC	NEE-PW	3,858	$273,509	0.11%
135	MICRON TECHNOLOGY INC	MU	3,072	$266,945	0.11%
136	ATLASSIAN CORPORATION	TEAM	1,218	$258,472	0.11%
137	AFFILIATED MANAGERS GROUP IN	MGRE	1,525	$256,269	0.11%
138	WELLTOWER INC	WELL	1,607	$246,250	0.10%
139	MORGAN STANLEY	MS-PQ	2,067	$241,113	0.10%
140	SPDR SER TR	78464A409	2,980	$239,503	0.10%
141	META PLATFORMS INC	META	411	$236,716	0.10%
142	SPDR S&P MIDCAP 400 ETF TR	MDY	383	$204,323	0.08%
143	MCKESSON CORP	MCK	300	$201,897	0.08%
144	S&P GLOBAL INC	SPGI	396	$201,161	0.08%
145	BLACKROCK MUNIASSETS FD INC	BLK	14,782	$160,089	0.07%
146	SIFCO INDS INC	826546103	57,541	$158,813	0.07%
147	PENNANTPARK FLOATING RATE CA	PFLT	10,000	$111,900	0.05%
148	ENCORE ENERGY CORP	EU	20,711	$28,374	0.01%