13F HOLDINGS REPORT

OARSMAN CAPITAL, INC.

Quarter ended Q4 2025 · Filed February 13, 2026 · Accession 0001569667-26-000001

Total Value

$770.7M

Positions

245

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (245)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES CORE U.S. AGGREGATE BOND ETF	464287226	758,319	$75.7M	9.83%
2	SCHWAB INTERNATIONAL EQUITY ETF	808524805	2,585,925	$62.2M	8.07%
3	STATE STREET SPDR PORTFOLIO S&P 500 GROWTH ETF	78464A409	538,799	$57.5M	7.46%
4	VANGUARD VALUE ETF	922908744	276,495	$52.8M	6.85%
5	INVESCO S&P 500 EQUAL WEIGHT ETF	IVZ	227,723	$43.6M	5.66%
6	STATE STREET SPDR PORTFOLIO S&P 400 MID CAP ETF	78464A847	482,998	$28.0M	3.63%
7	ISHARES INTERMEDIATE GOVERNMENT/CREDIT BOND ETF	464288612	233,532	$25.1M	3.25%
8	STATE STREET SPDR PORTFOLIO S&P 600 SMALL CAP ETF	78468R853	489,940	$23.0M	2.98%
9	ALPHABET INC CAP STK CL C	GOOG	70,579	$22.1M	2.87%
10	ISHARES CORE S&P 500 ETF	464287200	25,642	$17.6M	2.28%
11	ISHARES MSCI EMERGING MARKETS EX CHINA ETF	46434G764	216,992	$15.8M	2.05%
12	MICROSOFT CORP COM	MSFT	29,953	$14.5M	1.88%
13	APPLE INC COM	AAPL	49,984	$13.6M	1.76%
14	STATE STREET SPDR PORTFOLIO S&P 500 ETF	78464A854	165,466	$13.3M	1.72%
15	NVIDIA CORPORATION COM	NVDA	69,051	$12.9M	1.67%
16	GOLDMAN SACHS PHYSICAL GOLD ETF	38150K103	194,089	$8.3M	1.07%
17	ISHARES RUSSELL 1000 GROWTH ETF	464287614	17,178	$8.1M	1.05%
18	BROADCOM INC COM	AVGO	22,395	$7.8M	1.01%
19	JPMORGAN ULTRA-SHORT INCOME ETF	46641Q837	133,569	$6.8M	0.88%
20	AMAZON COM INC COM	AMZN	28,450	$6.6M	0.85%
21	ALPHABET INC CAP STK CL A	GOOG	20,603	$6.4M	0.84%
22	META PLATFORMS INC CL A	META	7,634	$5.0M	0.65%
23	WALMART INC COM	WMT	44,257	$4.9M	0.64%
24	GOLDMAN SACHS GROUP INC COM	GSCE	5,567	$4.9M	0.63%
25	CITIGROUP INC COM NEW	C-PR	41,210	$4.8M	0.62%
26	INVESCO EQUAL WEIGHT ENERGY ETF	IVZ	57,879	$4.6M	0.60%
27	TJX COS INC	872540109	29,847	$4.6M	0.59%
28	ABBVIE INC COM	ABBV	19,056	$4.4M	0.56%
29	CATERPILLAR INC COM	CAT	7,526	$4.3M	0.56%
30	JPMORGAN REALTY INCOME ETF	46641Q126	90,369	$4.2M	0.55%
31	AMPHENOL CORP CL A	032095101	31,122	$4.2M	0.55%
32	BERKSHIRE HATHAWAY INC DEL CL B	BRK-A	8,182	$4.1M	0.53%
33	INTERNATIONAL BUSINESS MACHS COM	INTR	13,860	$4.1M	0.53%
34	WELLS FARGO & CO COM	949746101	43,715	$4.1M	0.53%
35	INVESCO OPTIMUM YIELD DIVERSIFIED COMMODITY STRATEGY NO K-1 ETF	IVZ	290,266	$3.8M	0.50%
36	JOHNSON & JOHNSON COM	JNJ	18,048	$3.7M	0.48%
37	JOHNSON CTLS INTL PLC SHS	G51502105	29,569	$3.5M	0.46%
38	PARKER-HANNIFIN CORP COM	PH	4,009	$3.5M	0.46%
39	MEDTRONIC PLC SHS	MDT	34,083	$3.3M	0.42%
40	HEWLETT PACKARD ENTERPRISE CO COM	HPE-PC	135,996	$3.3M	0.42%
41	STATE STREET SPDR S&P 500 ETF	SPY	4,739	$3.2M	0.42%
42	SCHWAB US AGGREGATE BOND ETF	808524839	130,853	$3.1M	0.40%
43	OREILLY AUTOMOTIVE INC COM	67103H107	32,440	$3.0M	0.38%
44	CUMMINS INC COM	CMI	5,745	$2.9M	0.38%
45	LEIDOS HOLDINGS INC COM	LDOS	15,914	$2.9M	0.37%
46	KROGER CO COM	KR	45,608	$2.8M	0.37%
47	FREEPORT MCMORAN INC CL B	FCX	55,928	$2.8M	0.37%
48	INTUIT COM	INTU	4,139	$2.7M	0.36%
49	CISCO SYS INC COM	CSCO	35,554	$2.7M	0.36%
50	JPMORGAN CHASE & CO COM	VYLD	8,343	$2.7M	0.35%
51	SPDR GOLD SHARES	GLD	6,711	$2.7M	0.35%
52	ASTRAZENECA PLC ORD	AZN	28,644	$2.6M	0.34%
53	ISHARES CORE MSCI TOTAL INTERNATIONAL STOCK ETF	46432F834	30,258	$2.6M	0.33%
54	UBER TECHNOLOGIES INC COM	UBER	30,358	$2.5M	0.32%
55	QUALCOMM INC COM	QCOM	14,304	$2.4M	0.32%
56	ISHARES RUSSELL 1000 VALUE ETF	464287598	11,333	$2.4M	0.31%
57	DISNEY WALT CO COM	254687106	20,658	$2.4M	0.30%
58	BANK AMERICA CORP COM	060505104	42,267	$2.3M	0.30%
59	TESLA INC COM	TSLA	5,063	$2.3M	0.30%
60	WW GRAINGER INC COM	384802104	2,217	$2.2M	0.29%
61	GLOBAL X MLP & ENERGY INFRASTRUCTURE ETF	37954Y293	36,211	$2.2M	0.28%
62	VERTEX PHARMACEUTICALS	VRTX	4,790	$2.2M	0.28%
63	BRISTOL-MYERS SQUIBB CO COM	CELG-RI	39,306	$2.1M	0.28%
64	GLOBAL X CYBERSECURITY ETF	37954Y384	69,545	$2.1M	0.27%
65	VANGUARD FTSE DEVELOPED MARKETS ETF	921943858	33,880	$2.1M	0.27%
66	ELI LILLY & CO COM	LLY	1,929	$2.1M	0.27%
67	FISERV INC COM	FISV	30,831	$2.1M	0.27%
68	ISHARES S&P SMALL-CAP 600 VALUE ETF	464287879	18,093	$2.1M	0.27%
69	HUNTINGTON BANCSHARES INC COM	HBANP	111,540	$1.9M	0.25%
70	ISHARES GOLD TRUST MICRO ETF OF BENEF INTEREST	IAU	44,976	$1.9M	0.25%
71	RAYMOND JAMES FINL INC	754730109	11,715	$1.9M	0.24%
72	VISA INC COM CL A	V	5,361	$1.9M	0.24%
73	PEPSICO INC COM	PEP	12,521	$1.8M	0.23%
74	DIMENSIONAL U.S. SMALL CAP ETF	25434V500	25,769	$1.8M	0.23%
75	VANGUARD TOTAL STOCK MARKET ETF	922908769	5,078	$1.7M	0.22%
76	ISHARES S&P SMALL-CAP 600 GROWTH ETF	464287887	11,945	$1.7M	0.22%
77	SCHWAB INTERNATIONAL SMALL-CAP EQUITY ETF	808524888	36,389	$1.7M	0.21%
78	VANGUARD S&P 500 ETF	922908363	2,546	$1.6M	0.21%
79	ORACLE CORP COM	ORCL-PD	8,102	$1.6M	0.20%
80	MGIC INVT CORP WIS COM	552848103	52,483	$1.5M	0.20%
81	TYLER TECHNOLOGIES INC	TYL	3,364	$1.5M	0.20%
82	UNITEDHEALTH GROUP INC COM	UNH	4,597	$1.5M	0.20%
83	COSTCO WHOLESALE CORPORATION COM	22160K105	1,656	$1.4M	0.19%
84	O-I GLASS INC COM	OI	88,965	$1.3M	0.17%
85	SCHWAB U.S. BROAD MARKET ETF	808524102	45,560	$1.2M	0.16%
86	ISHARES NATIONAL MUNI BOND ETF	464288414	10,758	$1.2M	0.15%
87	OLIN CORP	OLN	55,190	$1.1M	0.15%
88	BLACKROCK MUNIASSETS FD INC COM	BLK	100,886	$1.1M	0.14%
89	UNITED PARCEL SVCS INC CL B	UPS	10,871	$1.1M	0.14%
90	ISHARES RUSSELL MID-CAP GROWTH ETF	464287481	7,683	$1.1M	0.14%
91	COTERRA ENERGY INC COM	CTRA	35,817	$942,703	0.12%
92	INVESCO QQQ TRUST SERIES I	IVZ	1,509	$926,947	0.12%
93	MCDONALDS CORP COM	MCD	3,011	$920,252	0.12%
94	OMNICOM GROUP INC COM	OMC	11,340	$915,705	0.12%
95	ISHARES MSCI ACWI EX U.S. ETF	464288240	13,113	$880,254	0.11%
96	INTUITIVE SURGICAL INC COM NEW	ISRG	1,542	$873,327	0.11%
97	UNITED AIRLS HLDGS INC COM	UNTCW	7,741	$865,599	0.11%
98	ADVANCED MICRO DEVICES INC COM	AMD	4,033	$863,707	0.11%
99	RPM INTL INC COM	749685103	8,170	$849,680	0.11%
100	ISHARES ESG SELECT S&P MIDCAP ETF	464287507	12,872	$849,552	0.11%
101	COHEN & STEERS REIT & PFD & COM	19247X100	42,350	$841,071	0.11%
102	SCHWAB US DIVIDEND EQUITY ETF	808524797	29,826	$818,119	0.11%
103	SCHWAB U.S. SMALL-CAP ETF	808524607	28,434	$809,800	0.11%
104	MASTERCARD INCORPORATED CL A	MA	1,417	$808,937	0.10%
105	PROCTER & GAMBLE CO COM	742718109	5,634	$807,451	0.10%
106	HOME DEPOT INC COM	HD	2,346	$807,159	0.10%
107	ISHARES MSCI EAFE ETF	464287465	8,216	$788,974	0.10%
108	WISDOMTREE INTERNATIONAL EQUITY FUND	WT	11,392	$783,314	0.10%
109	ISHARES ESG MSCI KLD 400 ETF	464288570	5,980	$770,403	0.10%
110	AMGEN INC COM	AMGN	2,335	$764,269	0.10%
111	ABBOTT LABS COM	ABLZF	6,096	$763,768	0.10%
112	PFIZER INC COM	PFE	30,670	$763,679	0.10%
113	PALANTIR TECHNOLOGIES INC CL A	PLTR	4,287	$762,014	0.10%
114	BERKSHIRE HATHAWAY INC DEL CL A	BRK-A	1	$754,800	0.10%
115	CHEVRON CORPORATION COM	CVX	4,917	$749,384	0.10%
116	ISHARES GLOBAL INFRASTRUCTURE ETF	464288372	12,077	$741,045	0.10%
117	AXON ENTERPRISE INC COM	AXON	1,277	$725,247	0.09%
118	GENERAL DYNAMICS CORP COM	GD	2,128	$716,412	0.09%
119	SCHWAB U.S. LARGE-CAP ETF	808524201	26,464	$712,146	0.09%
120	SPDR BLOOMBERG ENHANCED ROLL YIELD COMMODITY STRATEGY NO K-1 ETF	78468R440	24,488	$699,124	0.09%
121	API GROUP CORP COM STK	APG	18,021	$689,483	0.09%
122	SCHWAB U.S. LARGE-CAP GROWTH ETF	808524300	20,875	$680,948	0.09%
123	ISHARES BITCOIN TRUST ETF	IBIT	13,414	$666,005	0.09%
124	ISHARES S&P 500 GROWTH ETF	464287309	5,309	$654,387	0.08%
125	ISHARES CORE MSCI EAFE ETF	46432F842	7,089	$634,206	0.08%
126	ISHARES CORE S&P U.S. GROWTH ETF	464287671	3,720	$624,737	0.08%
127	INGERSOLL RAND INC COM	IR	7,840	$621,085	0.08%
128	FASTENAL CO COM	FAST	15,364	$616,557	0.08%
129	NOVARTIS AG SPONSORED ADR	NVSEF	4,430	$610,764	0.08%
130	ACCENTURE PLC IRELAND SHS CLASS A	ACN	2,249	$603,407	0.08%
131	NETFLIX INC. COM	NFLX	6,420	$601,939	0.08%
132	EXXON MOBIL CORP COM	XOM	4,979	$599,151	0.08%
133	XCEL ENERGY INC COM	XELLL	7,600	$561,336	0.07%
134	ALLIANT ENERGY CORP COM	LNT	8,439	$548,619	0.07%
135	MARCUS CORP DEL COM	MCS	34,825	$540,136	0.07%
136	SERVICENOW INC COM	NOW	3,362	$515,025	0.07%
137	CASEYS GEN STORES INC COM	147528103	925	$511,257	0.07%
138	ISHARES MSCI EMERGING MARKETS ETF	464287234	9,219	$504,387	0.07%
139	SCHWAB U.S. LARGE-CAP VALUE ETF	808524409	16,825	$498,194	0.06%
140	VANGUARD FTSE EMERGING MARKETS ETF	922042858	9,258	$497,725	0.06%
141	VANGUARD MEGA CAP GROWTH ETF	921910816	1,198	$494,498	0.06%
142	MARVELL TECHNOLOGY INC COM	MRVL	5,808	$493,583	0.06%
143	ISHARES MBS ETF	464288588	5,145	$489,907	0.06%
144	VERIZON COMMUNICATIONS	VZ	11,867	$483,333	0.06%
145	HILTON WORLDWIDE HLDGS INC COM	HLT	1,680	$482,580	0.06%
146	STATE STREET SPDR PORTFOLIO S&P 500 VALUE ETF	78464A508	8,445	$479,783	0.06%
147	WEC ENERGY GROUP INC COM	WEC	4,451	$469,402	0.06%
148	BOEING CO COM	BA-PA	2,130	$462,516	0.06%
149	ISHARES SILVER TRUST	SLV	7,071	$455,514	0.06%
150	ISHARES CORE S&P SMALL CAP ETF	464287804	3,709	$445,748	0.06%
151	FIRST TRUST GLOBAL TACTICAL COMMODITY STRATEGY FUND	33739H101	18,513	$430,065	0.06%
152	US BANCORP COM NEW	USB-PS	7,869	$419,890	0.05%
153	STATE STREET SPDR PORTFOLIO S&P 500 HIGH DIVIDEND ETF	78468R788	9,620	$416,062	0.05%
154	AUTODESK INC COM	ADSK	1,398	$413,822	0.05%
155	COSTAR GROUP INC	CSGP	6,002	$403,574	0.05%
156	ISHARES S&P 500 VALUE ETF	464287408	1,898	$402,509	0.05%
157	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS	874039100	1,302	$395,665	0.05%
158	APPLIED MATLS INC COM	038222105	1,529	$392,938	0.05%
159	ATI INC COM	ATI	3,370	$386,741	0.05%
160	PROGRESSIVE CORP COM	743315103	1,689	$384,619	0.05%
161	AT&T INC COM	T-PC	15,393	$382,357	0.05%
162	INVESCO BULLETSHARES 2028 CB ETF	IVZ	17,862	$367,957	0.05%
163	MGE ENERGY INC COM	MGEE	4,526	$354,942	0.05%
164	WD 40 CO COM	WDFC	1,772	$348,907	0.05%
165	CADENCE DESIGN SYSTEM INC COM	CDNS	1,098	$343,213	0.04%
166	ISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF	464288182	3,661	$340,912	0.04%
167	COPART INC COM	CPRT	8,548	$334,654	0.04%
168	ULTA BEAUTY INC	ULTA	547	$330,940	0.04%
169	ADVANCED DRAIN SYS INC DEL COM	00790R104	2,278	$329,923	0.04%
170	DANAHER CORPORATION	235851102	1,435	$328,500	0.04%
171	GE AEROSPACE COM NEW	369604301	1,061	$326,845	0.04%
172	TRANSDIGM GROUP INC COM	TDG	244	$324,483	0.04%
173	THERMO FISHER SCIENTIFIC INC COM	TMO	558	$323,341	0.04%
174	JPMORGAN EQUITY PREMIUM INCOME ETF	46641Q332	5,595	$320,261	0.04%
175	VANGUARD FTSE ALL-WORLD EX-US ETF	922042775	4,289	$315,465	0.04%
176	SCHWAB CHARLES CORP COM	SCHW-PJ	3,148	$314,562	0.04%
177	RAMBUS INC DEL COM	RMBS	3,420	$314,264	0.04%
178	ALPHABET INC CAP STK CL C	GOOG	1,000	$313,800	0.04%
179	GSK PLC SPONSORED ADR	GLAXF	6,309	$309,393	0.04%
180	CINTAS CORP COM	CTAS	1,609	$302,605	0.04%
181	INVESCO NASDAQ 100 ETF	IVZ	1,190	$300,975	0.04%
182	ISHARES RUSSELL 2000 GROWTH ETF	464287648	900	$290,709	0.04%
183	IDEXX LABS INC COM	45168D104	428	$289,555	0.04%
184	PRUDENTIAL FINL INC COM	PUKPF	2,505	$282,764	0.04%
185	ALPHABET INC CAP STK CL C	GOOG	900	$282,420	0.04%
186	ALPHABET INC CAP STK CL C	GOOG	900	$282,420	0.04%
187	SALESFORCE INC COM	CRM	1,064	$281,790	0.04%
188	VANGUARD SMALL-CAP ETF	922908751	1,090	$281,149	0.04%
189	PHILIP MORRIS INTL INC COM	718172109	1,744	$279,785	0.04%
190	WESTERN DIGITAL CORP COM	WDC	1,597	$275,117	0.04%
191	DEERE & CO COM	DE	589	$274,112	0.04%
192	SEA LTD SPONSORD ADS	SE	2,124	$270,959	0.04%
193	COLGATE PALMOLIVE CO COM	CL	3,410	$269,458	0.03%
194	HERSHEY CO COM	HSY	1,469	$267,329	0.03%
195	SCHWAB FUNDAMENTAL EMERGING MARKETS EQUITY ETF	808524730	7,365	$265,582	0.03%
196	HEICO CORP NEW CL A	HEI-A	1,043	$263,284	0.03%
197	TOTALENERGIES SE ACT	TTE	3,992	$261,157	0.03%
198	T. ROWE PRICE EQUITY INCOME ETF	87283Q206	5,717	$258,247	0.03%
199	GENUINE PARTS CO COM	GPC	2,097	$257,847	0.03%
200	THE CIGNA GROUP COM	125523100	917	$252,386	0.03%
201	VANGUARD LARGE-CAP ETF	922908637	786	$247,416	0.03%
202	STATE STREET SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF	78463X889	5,530	$245,587	0.03%
203	UNION PAC CORP COM	UNP	1,057	$244,555	0.03%
204	FAIR ISAAC CORP COM	FICO	143	$241,759	0.03%
205	ISHARES CORE DIVIDEND GROWTH ETF	46434V621	3,477	$241,373	0.03%
206	VERISK ANALYTICS INC COM	VRSK	1,076	$240,690	0.03%
207	CLOUDFLARE INC CL A COM	NET	1,218	$240,129	0.03%
208	GRAYSCALE BITCOIN TRUST ETF	GBTC	3,503	$239,465	0.03%
209	VANGUARD INTERMEDIATE-TERM BOND ETF	921937819	3,057	$238,072	0.03%
210	AMERICAN EXPRESS CO COM	AXP	634	$234,693	0.03%
211	L3HARRIS TECHNOLOGIES INC COM	LHX	796	$233,682	0.03%
212	TRAVELERS COMPANIES INC COM	TRV	800	$232,048	0.03%
213	ENERGY TRANSFER L P COM UT LTD PTN	ET-PI	13,978	$230,497	0.03%
214	QUANTA SVCS INC COM	74762E102	540	$227,912	0.03%
215	NXP SEMICONDUCTORS N V COM	NXPI	1,044	$226,611	0.03%
216	ISHARES MSCI EAFE VALUE ETF	464288877	3,168	$226,227	0.03%
217	ISHARES RUSSELL MID-CAP VALUE ETF	464287473	1,602	$225,962	0.03%
218	RANGE RES CORP COM	RRC	6,360	$224,254	0.03%
219	WISDOMTREE JAPAN HEDGED EQUITY FUND	WT	1,550	$223,448	0.03%
220	WASTE MGMT INC DEL COM	94106L109	1,016	$223,225	0.03%
221	WISDOMTREE TRUE EMERGING MARKETS FUND	WT	6,768	$219,601	0.03%
222	ZOETIS INC CL A	ZTS	1,735	$218,298	0.03%
223	EATON CORP PLC SHS	ETN	679	$216,268	0.03%
224	CROWDSTRIKE HLDGS INC CL A	CRWD	457	$214,223	0.03%
225	WISDOMTREE EMERGING MARKETS HIGH DIVIDEND FUND	WT	4,580	$213,932	0.03%
226	ZIMMER BIOMET HOLDINGS INC COM	ZBH	2,360	$212,211	0.03%
227	S&P GLOBAL INC COM	SPGI	405	$211,649	0.03%
228	TEXAS ROADHOUSE INC COM	TXRH	1,270	$210,820	0.03%
229	ISHARES RUSSELL 1000 ETF	464287622	562	$209,873	0.03%
230	INTERCONTINENTAL EXCHANGE INC COM	45866F104	1,273	$206,175	0.03%
231	STATE STREET SPDR S&P MIDCAP 400 ETF TRUST	MDY	340	$205,115	0.03%
232	SANOFI SA SPONSORED ADR	SNYNF	4,220	$204,501	0.03%
233	TRANE TECHNOLOGIES PLC SHS	TT	521	$202,773	0.03%
234	MORGAN STANLEY COM NEW	MS-PQ	1,141	$202,562	0.03%
235	GENERAC HLDGS INC COM	GNRC	1,483	$202,237	0.03%
236	ISHARES ESG AWARE MSCI USA ETF	46435G425	1,352	$201,421	0.03%
237	KENVUE INC COM	KVUE	11,111	$191,665	0.02%
238	HEALTHPEAK PROPERTIES INC COM	DOC	10,650	$171,252	0.02%
239	PATTERSON-UTI ENERGY INC COM	PTEN	26,850	$164,054	0.02%
240	BLUE OWL CAPITAL CORPORATION COM	OWL	12,000	$149,160	0.02%
241	AGNC INVT CORP COM	00123Q104	13,498	$144,699	0.02%
242	UR-ENERGY INC COM	URG	90,025	$125,135	0.02%
243	TESLA INC COM	TSLA	200	$89,944	0.01%
244	TESLA INC COM	TSLA	100	$44,972	0.01%
245	TESLA INC COM	TSLA	100	$44,972	0.01%