13F HOLDINGS REPORT

OARSMAN CAPITAL, INC.

Quarter ended Q2 2025 · Filed August 1, 2025 · Accession 0001569667-25-000003

Total Value

$637.7M

Positions

251

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (251)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	SPDR PORTFOLIO S&P 500 GROWTH ETF	78464A409	475,148	$45.3M	7.10%
2	VANGUARD VALUE ETF	922908744	253,213	$44.8M	7.02%
3	ISHARES CORE TOTAL USD BOND MARKET ETF	46434V613	902,048	$41.7M	6.54%
4	SCHWAB INTERNATIONAL EQUITY ETF	808524805	1,874,331	$41.4M	6.50%
5	ISHARES INTERMEDIATE GOVERNMENT/CREDIT BOND ETF	464288612	322,816	$34.5M	5.41%
6	INVESCO S&P 500 EQUAL WEIGHT ETF	IVZ	185,078	$33.6M	5.27%
7	SPDR PORTFOLIO S&P 600 SMALL CAP ETF	78468R853	431,350	$18.4M	2.88%
8	ISHARES CORE S&P 500 ETF	464287200	29,012	$18.0M	2.82%
9	MICROSOFT CORP COM	MSFT	28,068	$14.0M	2.19%
10	JPMORGAN ULTRA-SHORT INCOME ETF	46641Q837	254,047	$12.9M	2.02%
11	ALPHABET INC CAP STK CL C	GOOG	71,252	$12.6M	1.98%
12	ISHARES MSCI EMERGING MARKETS EX CHINA ETF	46434G764	188,560	$11.9M	1.87%
13	SPDR PORTFOLIO S&P 400 MID CAP ETF	78464A847	204,449	$11.1M	1.74%
14	SPDR PORTFOLIO S&P 500 ETF	78464A854	145,768	$10.6M	1.66%
15	NVIDIA CORPORATION COM	NVDA	66,290	$10.5M	1.64%
16	APPLE INC COM	AAPL	42,016	$8.6M	1.35%
17	ISHARES RUSSELL 1000 GROWTH ETF	464287614	18,649	$7.9M	1.24%
18	FISERV INC COM	FISV	45,744	$7.9M	1.24%
19	BROADCOM INC COM	AVGO	23,064	$6.4M	1.00%
20	GOLDMAN SACHS PHYSICAL GOLD ETF	38150K103	182,412	$6.0M	0.93%
21	AMAZON COM INC COM	AMZN	25,269	$5.5M	0.87%
22	META PLATFORMS INC CL A	META	5,885	$4.3M	0.68%
23	INVESCO EQUAL WEIGHT ENERGY ETF	IVZ	58,112	$4.3M	0.68%
24	ISHARES CORE U.S. AGGREGATE BOND ETF	464287226	41,816	$4.1M	0.65%
25	BERKSHIRE HATHAWAY INC DEL CL B	BRK-A	8,414	$4.1M	0.64%
26	WALMART INC COM	WMT	41,237	$4.0M	0.63%
27	INTERNATIONAL BUSINESS MACHS COM	INTR	13,297	$3.9M	0.61%
28	GOLDMAN SACHS GROUP INC COM	GSCE	5,438	$3.8M	0.60%
29	INVESCO OPTIMUM YIELD DIVERSIFIED COMMODITY STRATEGY NO K-1 ETF	IVZ	289,259	$3.8M	0.59%
30	ALPHABET INC CAP STK CL A	GOOG	20,346	$3.6M	0.56%
31	AMPHENOL CORP NEW CL A	032095101	35,733	$3.5M	0.55%
32	SCHWAB US AGGREGATE BOND ETF	808524839	151,220	$3.5M	0.55%
33	CITIGROUP INC COM NEW	C-PR	40,958	$3.5M	0.55%
34	ABBVIE INC COM	ABBV	17,723	$3.3M	0.52%
35	WELLS FARGO CO NEW COM	949746101	40,030	$3.2M	0.50%
36	JPMORGAN REALTY INCOME ETF	46641Q126	64,447	$3.1M	0.48%
37	KROGER CO COM	KR	41,422	$3.0M	0.47%
38	CATERPILLAR INC COM	CAT	7,609	$3.0M	0.46%
39	ISHARES RUSSELL 1000 VALUE ETF	464287598	14,888	$2.9M	0.45%
40	MEDTRONIC PLC SHS	MDT	32,826	$2.9M	0.45%
41	TJX COS INC	872540109	22,675	$2.8M	0.44%
42	SPDR S&P 500 ETF TRUST	SPY	4,512	$2.8M	0.44%
43	JOHNSON CTLS INTL PLC SHS	G51502105	25,566	$2.7M	0.42%
44	JOHNSON & JOHNSON COM	JNJ	17,669	$2.7M	0.42%
45	PARKER-HANNIFIN CORP COM	PH	3,803	$2.7M	0.42%
46	TYLER TECHNOLOGIES INC	TYL	4,286	$2.5M	0.40%
47	JPMORGAN CHASE & CO. COM	VYLD	8,757	$2.5M	0.40%
48	ISHARES MBS ETF	464288588	26,567	$2.5M	0.39%
49	GLOBAL X CYBERSECURITY ETF	37954Y384	65,579	$2.4M	0.38%
50	VANGUARD FTSE DEVELOPED MARKETS ETF	921943858	41,570	$2.4M	0.37%
51	ISHARES CORE MSCI TOTAL INTERNATIONAL STOCK ETF	46432F834	30,454	$2.4M	0.37%
52	CISCO SYS INC COM	CSCO	32,726	$2.3M	0.36%
53	LEIDOS HOLDINGS INC COM	LDOS	14,246	$2.2M	0.35%
54	OREILLY AUTOMOTIVE INC COM	67103H107	24,893	$2.2M	0.35%
55	GRAINGER W W INC COM	384802104	2,120	$2.2M	0.35%
56	JPMORGAN CORE PLUS BOND ETF	46641Q670	46,123	$2.2M	0.34%
57	FREEPORT-MCMORAN INC CL B	FCX	49,806	$2.2M	0.34%
58	QUALCOMM INC COM	QCOM	13,050	$2.1M	0.33%
59	DIMENSIONAL U.S. SMALL CAP ETF	25434V500	32,087	$2.0M	0.32%
60	SPDR GOLD SHARES	GLD	6,645	$2.0M	0.32%
61	ISHARES S&P SMALL-CAP 600 VALUE ETF	464287879	20,105	$2.0M	0.31%
62	VERTEX PHARMACEUTICALS	VRTX	4,387	$2.0M	0.31%
63	ORACLE CORP COM	ORCL-PD	8,818	$1.9M	0.30%
64	O-I GLASS INC COM	OI	130,383	$1.9M	0.30%
65	BRISTOL-MYERS SQUIBB CO COM	CELG-RI	39,683	$1.8M	0.29%
66	GLOBAL X MLP & ENERGY INFRASTRUCTURE ETF	37954Y293	29,295	$1.8M	0.29%
67	ISHARES S&P SMALL-CAP 600 GROWTH ETF	464287887	13,746	$1.8M	0.29%
68	BLUE OWL CAPITAL CORPORATION COM	OWL	125,847	$1.8M	0.28%
69	VANGUARD TOTAL STOCK MARKET ETF	922908769	5,901	$1.8M	0.28%
70	HUNTINGTON BANCSHARES INC COM	HBANP	105,781	$1.8M	0.28%
71	ADOBE INC COM	ADBE	4,573	$1.8M	0.28%
72	CUMMINS INC COM	CMI	5,356	$1.8M	0.28%
73	BANK AMERICA CORP COM	060505104	36,543	$1.7M	0.27%
74	UBER TECHNOLOGIES INC COM	UBER	18,382	$1.7M	0.27%
75	RAYMOND JAMES FINL INC	754730109	11,143	$1.7M	0.27%
76	PEPSICO INC COM	PEP	12,354	$1.6M	0.26%
77	ASTRAZENECA PLC SPONSORED ADR	AZN	23,329	$1.6M	0.26%
78	DISNEY WALT CO COM	254687106	13,103	$1.6M	0.25%
79	MGIC INVT CORP WIS COM	552848103	58,305	$1.6M	0.25%
80	ISHARES GOLD TRUST MICRO ETF OF BENEF INTEREST	IAU	48,240	$1.6M	0.25%
81	INTUIT COM	INTU	1,996	$1.6M	0.25%
82	VANGUARD S&P 500 ETF	922908363	2,667	$1.5M	0.24%
83	UNITEDHEALTH GROUP INC COM	UNH	4,804	$1.5M	0.23%
84	ELI LILLY & CO COM	LLY	1,889	$1.5M	0.23%
85	COSTCO WHSL CORP NEW COM	22160K105	1,410	$1.4M	0.22%
86	SCHWAB INTERNATIONAL SMALL-CAP EQUITY ETF	808524888	29,170	$1.2M	0.19%
87	AXON ENTERPRISE INC COM	AXON	1,475	$1.2M	0.19%
88	ISHARES NATIONAL MUNI BOND ETF	464288414	11,001	$1.1M	0.18%
89	ISHARES ESG SELECT S&P MIDCAP ETF	464287507	17,739	$1.1M	0.17%
90	OLIN CORP	OLN	54,177	$1.1M	0.17%
91	ISHARES RUSSELL MID-CAP GROWTH ETF	464287481	7,741	$1.1M	0.17%
92	ISHARES MSCI ACWI EX U.S. ETF	464288240	17,206	$1.0M	0.16%
93	UNITED PARCEL SERVICE INC CL B	UPS	10,328	$1.0M	0.16%
94	TESLA INC COM	TSLA	3,278	$1.0M	0.16%
95	ISHARES CORE 1-5 YEAR USD BOND ETF	46432F859	21,261	$1.0M	0.16%
96	RPM INTL INC COM	749685103	9,365	$1.0M	0.16%
97	COMCAST CORP NEW CL A	CCZ	28,391	$1.0M	0.16%
98	SCHWAB U.S. BROAD MARKET ETF	808524102	41,174	$981,172	0.15%
99	COHEN & STEERS REIT & PFD & IN COM	19247X100	42,350	$964,310	0.15%
100	ISHARES 3-7 YEAR TREASURY BOND ETF	464288661	8,091	$963,557	0.15%
101	PROCTER AND GAMBLE CO COM	742718109	5,984	$953,371	0.15%
102	SCHWAB U.S. SMALL-CAP ETF	808524607	33,341	$843,527	0.13%
103	OMNICOM GROUP INC COM	OMC	11,655	$838,461	0.13%
104	INVESCO QQQ TRUST SERIES I	IVZ	1,517	$837,102	0.13%
105	COTERRA ENERGY INC COM	CTRA	32,979	$837,002	0.13%
106	WISDOMTREE INTERNATIONAL EQUITY FUND	WT	13,157	$836,259	0.13%
107	MCDONALDS CORP COM	MCD	2,790	$815,154	0.13%
108	PFIZER INC COM	PFE	33,582	$814,037	0.13%
109	SCHWAB US DIVIDEND EQUITY ETF	808524797	30,071	$796,877	0.12%
110	MASTERCARD INCORPORATED CL A	MA	1,379	$774,915	0.12%
111	ABBOTT LABS COM	ABLZF	5,602	$761,928	0.12%
112	CHEVRON CORP NEW COM	CVX	5,256	$752,646	0.12%
113	AMGEN INC COM	AMGN	2,648	$739,348	0.12%
114	INTUITIVE SURGICAL INC COM NEW	ISRG	1,358	$737,951	0.12%
115	BERKSHIRE HATHAWAY INC DEL CL A	BRK-A	1	$728,800	0.11%
116	BLACKROCK MUNIASSETS FD INC COM	BLK	68,874	$716,291	0.11%
117	ACCENTURE PLC IRELAND SHS CLASS A	ACN	2,371	$708,668	0.11%
118	SCHWAB U.S. LARGE-CAP ETF	808524201	28,846	$704,996	0.11%
119	GENERAL DYNAMICS CORP COM	GD	2,256	$657,985	0.10%
120	FASTENAL CO COM	FAST	15,582	$654,444	0.10%
121	INGERSOLL RAND INC COM	IR	7,840	$652,131	0.10%
122	ISHARES MSCI EAFE ETF	464287465	7,122	$636,636	0.10%
123	COPART INC COM	CPRT	12,898	$632,905	0.10%
124	VERIZON COMMUNICATIONS	VZ	14,559	$629,977	0.10%
125	SCHWAB U.S. LARGE-CAP GROWTH ETF	808524300	21,462	$626,910	0.10%
126	COSTAR GROUP INC	CSGP	7,766	$624,386	0.10%
127	PALANTIR TECHNOLOGIES INC CL A	PLTR	4,535	$618,211	0.10%
128	NOVARTIS AG SPONSORED ADR	NVSEF	5,074	$614,005	0.10%
129	API GROUP CORP COM STK	APG	12,014	$613,315	0.10%
130	NETFLIX INC COM	NFLX	449	$601,269	0.09%
131	ISHARES BITCOIN TRUST ETF	IBIT	9,599	$587,555	0.09%
132	SERVICENOW INC COM	NOW	553	$568,528	0.09%
133	VISA INC COM CL A	V	1,583	$562,076	0.09%
134	XCEL ENERGY INC COM	XELLL	8,222	$559,918	0.09%
135	ISHARES GLOBAL INFRASTRUCTURE ETF	464288372	9,062	$536,470	0.08%
136	PROGRESSIVE CORP COM	743315103	1,954	$521,444	0.08%
137	EXXON MOBIL CORP COM	XOM	4,828	$520,469	0.08%
138	ADVANCED MICRO DEVICES INC COM	AMD	3,622	$513,962	0.08%
139	ISHARES CORE MSCI EAFE ETF	46432F842	6,145	$512,985	0.08%
140	ALLIANT ENERGY CORP COM	LNT	8,474	$512,423	0.08%
141	HOME DEPOT INC COM	HD	1,388	$508,916	0.08%
142	FIRST TRUST GLOBAL TACTICAL COMMODITY STRATEGY FUND	33739H101	20,590	$507,966	0.08%
143	AT&T INC COM	T-PC	17,540	$507,620	0.08%
144	HILTON WORLDWIDE HLDGS INC COM	HLT	1,885	$502,051	0.08%
145	WARNER BROS DISCOVERY SER A	WBD	43,708	$500,894	0.08%
146	WEC ENERGY GROUP INC COM	WEC	4,807	$500,889	0.08%
147	VANGUARD FTSE EMERGING MARKETS ETF	922042858	10,091	$499,115	0.08%
148	TRANSDIGM GROUP INC COM	TDG	320	$486,605	0.08%
149	MARCUS CORP DEL COM	MCS	28,475	$480,089	0.08%
150	ISHARES CORE S&P U.S. GROWTH ETF	464287671	3,176	$477,670	0.07%
151	CASEYS GEN STORES INC COM	147528103	925	$472,000	0.07%
152	MARVELL TECHNOLOGY INC COM	MRVL	6,049	$468,199	0.07%
153	SPDR PORTFOLIO S&P 500 HIGH DIVIDEND ETF	78468R788	10,933	$463,989	0.07%
154	SPDR BLOOMBERG ENHANCED ROLL YIELD COMMODITY STRATEGY NO K-1 ETF	78468R440	16,805	$457,610	0.07%
155	VANGUARD MEGA CAP GROWTH ETF	921910816	1,242	$454,783	0.07%
156	SPDR PORTFOLIO S&P 500 VALUE ETF	78464A508	8,528	$446,334	0.07%
157	SCHWAB U.S. LARGE-CAP VALUE ETF	808524409	15,756	$435,960	0.07%
158	WD 40 CO COM	WDFC	1,774	$404,632	0.06%
159	AUTODESK INC COM	ADSK	1,298	$401,822	0.06%
160	MGE ENERGY INC COM	MGEE	4,525	$400,223	0.06%
161	US BANCORP DEL COM NEW	USB-PS	8,624	$390,236	0.06%
162	ISHARES S&P 500 VALUE ETF	464287408	1,986	$388,104	0.06%
163	INTERCONTINENTAL EXCHANGE INC COM	45866F104	2,073	$380,333	0.06%
164	VERISK ANALYTICS INC COM	VRSK	1,197	$372,866	0.06%
165	CADENCE DESIGN SYSTEM INC COM	CDNS	1,198	$369,164	0.06%
166	INVESCO BULLETSHARES 2028 CB ETF	IVZ	17,862	$365,992	0.06%
167	KIMBERLY-CLARK CORP COM	KMB	2,824	$364,045	0.06%
168	UNITED AIRLS HLDGS INC COM	UNTCW	4,487	$357,300	0.06%
169	ISHARES CORE S&P SMALL CAP ETF	464287804	3,237	$353,772	0.06%
170	HEICO CORP NEW CL A	HEI-A	1,360	$351,900	0.06%
171	WISDOMTREE EMERGING MARKETS HIGH DIVIDEND FUND	WT	7,517	$340,445	0.05%
172	ISHARES S&P 500 GROWTH ETF	464287309	2,988	$328,979	0.05%
173	COLGATE PALMOLIVE CO COM	CL	3,610	$328,149	0.05%
174	SALESFORCE INC COM	CRM	1,192	$325,177	0.05%
175	ZOETIS INC CL A	ZTS	2,071	$322,972	0.05%
176	VANGUARD TOTAL BOND MARKET ETF	921937835	4,385	$322,868	0.05%
177	CINTAS CORP COM	CTAS	1,442	$321,379	0.05%
178	PHILIP MORRIS INTL INC COM	718172109	1,762	$320,967	0.05%
179	PAYCHEX INC COM	PAYX	2,205	$320,739	0.05%
180	ISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF	464288182	3,836	$316,930	0.05%
181	ISHARES MSCI EMERGING MARKETS ETF	464287234	6,507	$313,898	0.05%
182	ATI INC COM	ATI	3,570	$308,234	0.05%
183	SCHWAB FUNDAMENTAL EMERGING MARKETS EQUITY ETF	808524730	9,194	$303,494	0.05%
184	APPLIED MATLS INC COM	038222105	1,638	$299,869	0.05%
185	GRAYSCALE BITCOIN TRUST ETF	GBTC	3,523	$298,856	0.05%
186	VANGUARD SMALL-CAP ETF	922908751	1,255	$297,395	0.05%
187	DEERE & CO COM	DE	582	$295,974	0.05%
188	THE CIGNA GROUP COM	125523100	895	$295,869	0.05%
189	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS	874039100	1,275	$288,775	0.05%
190	PRUDENTIAL FINL INC COM	PUKPF	2,670	$286,865	0.04%
191	SCHWAB CHARLES CORP COM	SCHW-PJ	3,137	$286,222	0.04%
192	AMERICAN EXPRESS CO COM	AXP	885	$282,297	0.04%
193	GENUINE PARTS CO COM	GPC	2,315	$280,833	0.04%
194	ANSYS INC COM	03662Q105	794	$278,869	0.04%
195	ZIMMER BIOMET HOLDINGS INC COM	ZBH	3,053	$278,464	0.04%
196	DANAHER CORPORATION	235851102	1,379	$272,408	0.04%
197	TRANE TECHNOLOGIES PLC SHS	TT	617	$269,882	0.04%
198	RANGE RES CORP COM	RRC	6,610	$268,829	0.04%
199	BOEING CO COM	BA-PA	1,272	$266,522	0.04%
200	ADVANCED DRAIN SYS INC DEL COM	00790R104	2,278	$261,651	0.04%
201	VANGUARD FTSE ALL-WORLD EX-US ETF	922042775	3,877	$260,615	0.04%
202	TOTALENERGIES SE SPONSORED ADS	TTE	4,232	$259,802	0.04%
203	ISHARES 0-3 MONTH TREASURY BOND ETF	46436E718	2,554	$257,162	0.04%
204	ULTA BEAUTY INC	ULTA	548	$256,365	0.04%
205	GSK PLC SPONSORED ADR	GLAXF	6,669	$256,090	0.04%
206	IDEXX LABS INC COM	45168D104	472	$253,152	0.04%
207	CHURCH & DWIGHT CO INC COM	CHD	2,632	$252,962	0.04%
208	UNION PAC CORP COM	UNP	1,094	$251,606	0.04%
209	GE AEROSPACE COM NEW	369604301	971	$249,983	0.04%
210	NXP SEMICONDUCTORS N V COM	NXPI	1,144	$249,953	0.04%
211	RAMBUS INC DEL COM	RMBS	3,900	$249,678	0.04%
212	STERIS PLC SHS USD	STE	1,039	$249,589	0.04%
213	FAIR ISAAC CORP COM	FICO	134	$244,947	0.04%
214	T. ROWE PRICE EQUITY INCOME ETF	87283Q206	5,715	$243,100	0.04%
215	PAYPAL HLDGS INC COM	PYPL	3,268	$242,878	0.04%
216	ISHARES CORE DIVIDEND GROWTH ETF	46434V621	3,767	$240,862	0.04%
217	UNILEVER PLC SPON ADR NEW	UNLYF	3,921	$239,848	0.04%
218	ISHARES MSCI JAPAN ETF	46434G822	3,198	$239,754	0.04%
219	ISHARES RUSSELL MID-CAP VALUE ETF	464287473	1,807	$238,777	0.04%
220	ISHARES SILVER TRUST	SLV	7,035	$230,818	0.04%
221	LOWES COS INC COM	548661107	1,035	$229,635	0.04%
222	THERMO FISHER SCIENTIFIC INC COM	TMO	564	$228,685	0.04%
223	SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF	78463X889	5,630	$227,959	0.04%
224	TEXAS ROADHOUSE INC COM	TXRH	1,208	$226,391	0.04%
225	GARTNER INC COM	IT	559	$225,959	0.04%
226	WORKDAY INC CL A	WDAY	931	$223,440	0.04%
227	DATADOG INC CL A COM	DDOG	1,662	$223,256	0.04%
228	TARGET CORP COM	TGT	2,251	$222,061	0.03%
229	REGAL REXNORD CORPORATION COM	RRX	1,501	$217,585	0.03%
230	VANGUARD LARGE-CAP ETF	922908637	750	$213,975	0.03%
231	VANGUARD INTERMEDIATE-TERM BOND ETF	921937819	2,760	$213,446	0.03%
232	BAXTER INTL INC COM	071813109	7,025	$212,717	0.03%
233	VEEVA SYS INC CL A COM	VEEV	726	$209,073	0.03%
234	DOLLAR GEN CORP NEW COM	256677105	1,824	$208,629	0.03%
235	TRAVELERS COMPANIES INC COM	TRV	777	$207,879	0.03%
236	EMERSON ELEC CO COM	EMR	1,559	$207,861	0.03%
237	ROPER TECHNOLOGIES INC COM	ROP	363	$205,763	0.03%
238	SANOFI SPONSORED ADR	SNYNF	4,220	$203,868	0.03%
239	BANK MONTREAL QUE COM	063671101	1,828	$202,232	0.03%
240	MICROSTRATEGY INC CL A NEW	STRK	500	$202,115	0.03%
241	ISHARES MSCI EAFE VALUE ETF	464288877	3,168	$201,105	0.03%
242	WATSCO INC COM	WSO-B	453	$200,054	0.03%
243	RIVIAN AUTOMOTIVE INC COM CL A	RIVN	10,669	$146,592	0.02%
244	AGNC INVT CORP COM	00123Q104	14,397	$132,308	0.02%
245	BLACKROCK CR ALLOCATION INCOME COM	BLK	11,558	$126,208	0.02%
246	UR-ENERGY INC COM	URG	90,025	$94,526	0.01%
247	NUVEEN MUN VALUE FD INC COM	NU	10,692	$92,914	0.01%
248	URANIUM ENERGY CORP COM	UEC	10,000	$68,000	0.01%
249	HANESBRANDS INC COM	410345102	10,800	$49,464	0.01%
250	TESLA INC COM	TSLA	100	$31,766	0.00%
251	TESLA INC COM	TSLA	100	$31,766	0.00%