13F HOLDINGS REPORT

OARSMAN CAPITAL, INC.

Quarter ended Q2 2023 · Filed May 11, 2023 · Accession 0001569667-23-000002

Total Value

$213.9M

Positions

175

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (175)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	SCHWAB INTERNATIONAL EQUITY ETF	808524805	286,995	$10.0M	4.67%
2	MICROSOFT CORP COM	MSFT	31,838	$9.2M	4.29%
3	ALPHABET INC CAP STK CL C	GOOG	79,638	$8.3M	3.87%
4	SPDR PORTFOLIO S&P 500 GROWTH ETF	78464A409	140,505	$7.8M	3.64%
5	SPDR PORTFOLIO S&P 600 SMALL CAP ETF	78468R853	186,833	$7.1M	3.30%
6	APPLE INC COM	AAPL	42,637	$7.0M	3.29%
7	VANGUARD VALUE ETF	922908744	47,985	$6.6M	3.10%
8	FISERV INC COM	FISV	51,117	$5.8M	2.70%
9	ISHARES CORE TOTAL USD BOND MARKET ETF	46434V613	120,441	$5.6M	2.60%
10	O-I GLASS INC COM	OI	231,475	$5.3M	2.46%
11	INVESCO EQUAL WEIGHT ENERGY ETF - RYE	IVZ	61,915	$4.2M	1.98%
12	INVESCO S&P 500 EQUAL WEIGHT ETF	IVZ	27,005	$3.9M	1.83%
13	ABBVIE INC COM	ABBV	24,423	$3.9M	1.82%
14	JOHNSON & JOHNSON COM	JNJ	23,796	$3.7M	1.72%
15	ISHARES S&P SMALL-CAP 600 VALUE ETF	464287879	38,341	$3.6M	1.68%
16	JPMORGAN ULTRA-SHORT INCOME ETF	46641Q837	58,251	$2.9M	1.37%
17	ISHARES INTERMEDIATE GOVERNMENT/CREDIT BOND ETF	464288612	26,292	$2.7M	1.28%
18	NVIDIA CORPORATION COM	NVDA	9,541	$2.7M	1.24%
19	ISHARES S&P SMALL-CAP 600 GROWTH ETF	464287887	21,492	$2.4M	1.10%
20	ISHARES MSCI EMERGING MARKETS EX CHINA ETF	46434G764	46,774	$2.3M	1.08%
21	INVESCO OPTIMUM YIELD DIVERSIFIED COMMODITY STRATEGY NO K-1 ETF	IVZ	161,173	$2.3M	1.07%
22	PEPSICO INC COM	PEP	12,431	$2.3M	1.06%
23	UNITEDHEALTH GROUP INC COM	UNH	4,614	$2.2M	1.02%
24	BROADCOM INC COM	AVGO	3,313	$2.1M	0.99%
25	AT&T INC COM	T-PC	105,312	$2.0M	0.95%
26	VANGUARD FTSE DEVELOPED MARKETS ETF	921943858	43,640	$2.0M	0.92%
27	MGIC INVT CORP WIS COM	552848103	146,054	$2.0M	0.92%
28	QUALCOMM INC COM	QCOM	15,277	$1.9M	0.91%
29	SPDR GOLD SHARES	GLD	10,441	$1.9M	0.89%
30	FREEPORT-MCMORAN INC CL B	FCX	45,231	$1.9M	0.86%
31	ALPHABET INC CAP STK CL A	GOOG	17,788	$1.8M	0.86%
32	WALMART INC COM	WMT	12,078	$1.8M	0.83%
33	JPMORGAN CHASE & CO COM	VYLD	13,220	$1.7M	0.81%
34	HUNTINGTON BANCSHARES INC COM	HBANP	150,409	$1.7M	0.79%
35	CATERPILLAR INC COM	CAT	7,094	$1.6M	0.76%
36	GOLDMAN SACHS GROUP INC COM	GSCE	4,931	$1.6M	0.75%
37	BRISTOL-MYERS SQUIBB CO COM	CELG-RI	23,142	$1.6M	0.75%
38	CISCO SYS INC COM	CSCO	30,625	$1.6M	0.75%
39	REGAL REXNORD CORPORATION COM	RRX	11,031	$1.6M	0.73%
40	BERKSHIRE HATHAWAY INC DEL CL B NEW	BRK-A	4,863	$1.5M	0.70%
41	ISHARES CORE S&P MID-CAP ETF	464287507	5,502	$1.4M	0.64%
42	AMAZON COM INC COM	AMZN	12,872	$1.3M	0.62%
43	BANK AMERICA CORP COM	060505104	46,376	$1.3M	0.62%
44	BUNGE LIMITED COM	BG	13,771	$1.3M	0.61%
45	VERTEX PHARMACEUTICALS	VRTX	3,955	$1.2M	0.58%
46	CVS HEALTH CORP COM	CVS	16,617	$1.2M	0.58%
47	ISHARES GOLD TRUST MICRO ETF OF BENEF INTEREST	IAU	60,975	$1.2M	0.56%
48	SPDR PORTFOLIO S&P 500 VALUE ETF	78464A508	27,916	$1.1M	0.53%
49	JOHNSON CTLS INTL PLC SHS	G51502105	18,358	$1.1M	0.52%
50	RPM INTL INC COM	749685103	12,665	$1.1M	0.52%
51	CHEVRON CORP NEW COM	CVX	6,625	$1.1M	0.51%
52	WELLS FARGO CO NEW COM	949746101	28,799	$1.1M	0.50%
53	KIMBERLY-CLARK CORP COM	KMB	7,986	$1.1M	0.50%
54	WISDOMTREE INTERNATIONAL EQUITY FUND	WT	21,311	$1.1M	0.50%
55	ASTRAZENECA PLC SPONSORED ADR	AZN	15,125	$1.0M	0.49%
56	AMGEN INC COM	AMGN	4,340	$1.0M	0.49%
57	SCHWAB US DIVIDEND EQUITY ETF	808524797	14,317	$1.0M	0.49%
58	CITIGROUP INC COM NEW	C-PR	22,219	$1.0M	0.49%
59	ORACLE CORP COM	ORCL-PD	11,206	$1.0M	0.49%
60	PROCTER AND GAMBLE CO COM	742718109	6,896	$1.0M	0.48%
61	ADOBE SYSTEMS INCORPORATED COM	ADBE	2,633	$1.0M	0.47%
62	PAYPAL HLDGS INC COM	PYPL	13,197	$1.0M	0.47%
63	MEDTRONIC PLC SHS	MDT	12,182	$982,142	0.46%
64	KROGER CO COM	KR	19,557	$965,529	0.45%
65	TARGET CORP COM	TGT	5,652	$936,141	0.44%
66	MCDONALDS CORP COM	MCD	3,339	$933,618	0.44%
67	BERKSHIRE HATHAWAY INC DEL CL A	BRK-A	2	$931,200	0.44%
68	BLACKROCK MUNICIPAL INCOME COM	BLK	79,195	$924,998	0.43%
69	SCHWAB U.S. SMALL-CAP ETF	808524607	21,995	$922,250	0.43%
70	OLIN CORP	OLN	16,610	$921,855	0.43%
71	HELEN OF TROY LTD COM	HELE	9,556	$909,445	0.43%
72	SPDR PORTFOLIO S&P 500 HIGH DIVIDEND ETF	78468R788	23,226	$882,582	0.41%
73	ABBOTT LABS COM	ABLZF	8,348	$845,318	0.40%
74	ACCENTURE PLC IRELAND SHS CLASS A	ACN	2,930	$837,423	0.39%
75	GENERAC HLDGS INC COM	GNRC	7,682	$829,733	0.39%
76	RAYMOND JAMES FINL INC	754730109	7,682	$716,500	0.33%
77	WARNER BROS DISCOVERY INC COM SER A	WBD	46,717	$705,427	0.33%
78	SPDR DOW JONES INTERNATIONAL REAL ESTATE ETF	78463X863	24,595	$646,357	0.30%
79	ALLIANT ENERGY CORP COM	LNT	12,097	$645,980	0.30%
80	VERIZON COMMUNICATIONS INC COM	VZ	16,390	$637,389	0.30%
81	LILLY ELI & CO COM	LLY	1,855	$637,086	0.30%
82	SCHWAB U.S. LARGE-CAP GROWTH ETF	808524300	9,706	$632,540	0.30%
83	WEC ENERGY GROUP INC COM	WEC	6,315	$598,618	0.28%
84	NOVARTIS AG SPONSORED ADR	NVSEF	6,477	$595,884	0.28%
85	XCEL ENERGY INC COM	XELLL	8,672	$584,840	0.27%
86	GENUINE PARTS CO COM	GPC	3,430	$573,873	0.27%
87	EXXON MOBIL CORP COM	XOM	5,165	$566,394	0.26%
88	ISHARES MSCI EAFE ETF	464287465	7,647	$546,945	0.26%
89	PFIZER INC COM	PFE	13,342	$544,343	0.25%
90	SPDR S&P 500 ETF TRUST	SPY	1,324	$542,032	0.25%
91	XPO INC COM	XPO	16,967	$541,247	0.25%
92	INVESCO QQQ TRUST	IVZ	1,665	$534,321	0.25%
93	META PLATFORMS INC CL A	META	2,397	$508,065	0.24%
94	ISHARES GLOBAL TIMBER & FORESTRY ETF	464288174	7,022	$502,705	0.23%
95	INTUIT COM	INTU	1,122	$500,221	0.23%
96	VANGUARD FTSE EMERGING MARKETS ETF	922042858	11,914	$481,307	0.22%
97	MGE ENERGY INC COM	MGEE	6,193	$481,010	0.22%
98	WISDOMTREE EMERGING MARKETS HIGH DIVIDEND FUND	WT	12,427	$470,486	0.22%
99	ISHARES CORE S&P 500 ETF	464287200	1,140	$468,753	0.22%
100	SCHWAB U.S. LARGE-CAP ETF	808524201	9,595	$464,110	0.22%
101	INGERSOLL RAND INC COM	IR	7,840	$456,131	0.21%
102	GENERAL ELECTRIC CO COM NEW	369604301	4,687	$448,077	0.21%
103	COSTCO WHSL CORP NEW COM	22160K105	892	$443,208	0.21%
104	TESLA INC COM	TSLA	2,036	$422,389	0.20%
105	ISHARES S&P 500 VALUE ETF	464287408	2,759	$418,706	0.20%
106	FASTENAL CO COM	FAST	7,756	$418,359	0.20%
107	PIMCO ENHANCED SHORT MATURITY ACTIVE ETF	72201R833	4,105	$407,421	0.19%
108	GENERAL DYNAMICS CORP COM	GD	1,767	$403,247	0.19%
109	ISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF	464288182	5,881	$399,143	0.19%
110	BLACKROCK MUNIASSETS FD INC COM	BLK	34,530	$363,601	0.17%
111	SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF	78463X889	11,304	$363,084	0.17%
112	AMPHENOL CORP NEW CL A	032095101	4,438	$362,673	0.17%
113	RANGE RES CORP COM	RRC	13,550	$358,669	0.17%
114	ISHARES SILVER TRUST	SLV	16,055	$355,137	0.17%
115	SCHWAB FUNDAMENTAL EMERGING MARKETS LARGE CO. INDEX ETF	808524730	13,583	$353,837	0.17%
116	ISHARES MSCI JAPAN ETF	46434G822	5,980	$350,966	0.16%
117	INVESCO CEF INCOME COMPOSITE ETF	IVZ	19,214	$350,084	0.16%
118	VANGUARD MEGA CAP GROWTH ETF	921910816	1,702	$348,076	0.16%
119	ISHARES CORE S&P SMALL CAP ETF	464287804	3,577	$345,896	0.16%
120	HOME DEPOT INC COM	HD	1,124	$331,721	0.16%
121	COTERRA ENERGY INC COM	CTRA	13,400	$328,836	0.15%
122	WALGREENS BOOTS ALLIANCE INC COM	931427108	9,346	$323,185	0.15%
123	ULTA BEAUTY INC	ULTA	592	$323,037	0.15%
124	TYLER TECHNOLOGIES INC	TYL	891	$315,984	0.15%
125	INTERNATIONAL BUSINESS MACHS COM	INTR	2,407	$315,534	0.15%
126	PAYCHEX INC COM	PAYX	2,750	$315,123	0.15%
127	COLGATE PALMOLIVE CO COM	CL	4,160	$312,624	0.15%
128	EATON VANCE LTD DURATION INCOM COM	ETN	31,687	$312,117	0.15%
129	INTEL CORP COM	INTC	9,457	$308,960	0.14%
130	ISHARES CORE INTERNATIONAL AGGREGATE BOND ETF	46435G672	6,086	$297,910	0.14%
131	WD 40 CO COM	WDFC	1,647	$293,248	0.14%
132	DEERE & CO COM	DE	701	$289,593	0.14%
133	V F CORP COM	VFC	12,499	$286,352	0.13%
134	WISDOMTREE FLOATING RATE TREASURY FUND	WT	5,671	$285,081	0.13%
135	BANK MONTREAL QUE COM	063671101	3,179	$283,281	0.13%
136	APA CORPORATION COM	APA	7,721	$278,419	0.13%
137	COPART INC COM	CPRT	3,644	$274,065	0.13%
138	PIMCO ENHANCED SHORT MATURITY ACTIVE ESG EXCHANGE-TRADED FUND	72201R643	2,772	$270,804	0.13%
139	CALAMOS CONV & HIGH INCOME FD COM SHS	12811P108	24,719	$269,931	0.13%
140	NIKE INC CL B	NKE	2,183	$267,723	0.13%
141	COSTAR GROUP INC	CSGP	3,881	$267,207	0.12%
142	ISHARES GOLD TRUST	IAU	7,144	$266,971	0.12%
143	AXON ENTERPRISE INC COM	AXON	1,186	$266,672	0.12%
144	ISHARES MSCI EMERGING MARKETS ETF	464287234	6,750	$266,355	0.12%
145	THERMO FISHER SCIENTIFIC INC COM	TMO	462	$266,283	0.12%
146	IDEX CORP	45167R104	1,132	$261,526	0.12%
147	ISHARES TIPS BOND ETF	464287176	2,300	$253,575	0.12%
148	MICROCHIP TECHNOLOGY INC. COM	MCHPP	3,016	$252,680	0.12%
149	SPDR NUVEEN BLOOMBERG SHORT TERM MUNICIPAL BOND ETF	78468R739	5,185	$246,547	0.12%
150	ISHARES CORE S&P U.S. GROWTH ETF	464287671	2,776	$246,426	0.12%
151	MANPOWERGROUP INC WIS COM	MAN	2,980	$245,939	0.11%
152	DISNEY WALT CO COM	254687106	2,440	$244,282	0.11%
153	SCHWAB US TIPS ETF	808524870	4,479	$240,119	0.11%
154	EMERSON ELEC CO COM	EMR	2,736	$238,415	0.11%
155	VISA INC COM CL A	V	1,024	$230,871	0.11%
156	ISHARES MSCI ACWI EX U.S. ETF	464288240	4,732	$230,780	0.11%
157	THE CIGNA GROUP COM	125523100	895	$228,699	0.11%
158	ISHARES RUSSELL MID-CAP GROWTH ETF	464287481	2,424	$220,705	0.10%
159	PIMCO CORPORATE & INCOME OPPOR COM	PTY	17,417	$217,190	0.10%
160	SPDR NUVEEN BLOOMBERG MUNICIPAL BOND ETF	78468R721	4,621	$216,355	0.10%
161	DANAHER CORPORATION	235851102	853	$214,990	0.10%
162	ISHARES S&P 500 GROWTH ETF	464287309	3,355	$214,351	0.10%
163	VANGUARD TOTAL STOCK MARKET ETF	922908769	1,044	$213,080	0.10%
164	VANGUARD SMALL-CAP ETF	922908751	1,121	$212,497	0.10%
165	INVESCO MSCI GLOBAL TIMBER ETF	IVZ	7,110	$212,206	0.10%
166	UNION PAC CORP COM	UNP	1,037	$208,789	0.10%
167	LOWES COS INC COM	548661107	1,024	$204,769	0.10%
168	FIRST TRUST TCW OPPORTUNISTIC FIXED INCOME ETF	33740F805	4,498	$202,680	0.09%
169	SPDR DOW JONES GLOBAL REAL ESTATE ETF	78463X749	4,917	$202,384	0.09%
170	CASEYS GEN STORES INC COM	147528103	925	$200,226	0.09%
171	KINDER MORGAN INC DEL COM	EP-PC	10,664	$186,727	0.09%
172	NUVEEN MUN VALUE FD INC COM	NU	17,500	$154,175	0.07%
173	PROSHARES SHORT S&P500	74347B425	10,275	$154,125	0.07%
174	XCEL ENERGY INC COM	XELLL	3,000	$202	0.00%
175	XCEL ENERGY INC COM	XELLL	2,000	$135	0.00%