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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

STUDIO INVESTMENT MANAGEMENT LLC

Quarter ended Q4 2024 · Filed February 14, 2025 · Accession 0001893893-25-000001

Total Value
$470.3M
Positions
330
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (330)

#IssuerTicker / CUSIPSharesValue% of Filing
1Vanguard Short-Term Inflation-Protected ETF9220208051,034,295$50.1M10.65%
2Vanguard Dividend Appreciation ETF921908844142,199$27.8M5.92%
3Vanguard Value ETF922908744162,923$27.6M5.87%
4Vanguard Small-Cap Value ETF922908611102,045$20.2M4.30%
5DFA International Core Equity 2 ETF25434V799588,335$15.2M3.23%
6Berkshire Hathaway Inc Class BBRK-A30,813$14.0M2.97%
7Schwab Fundamental Intl Lg Co ETF808524755399,304$13.3M2.82%
8Vanguard Short-Term Treasury ETF92206C102184,346$10.7M2.28%
9Vanguard Short-Term Corporate Bond ETF92206C409130,252$10.2M2.16%
10Alphabet Inc Class AGOOG53,542$10.1M2.16%
11Microsoft CorpMSFT22,320$9.4M2.00%
12Apple IncAAPL37,150$9.3M1.98%
13DIMENSIONAL SHRT DRT FXD INCM ETF25434V864168,454$7.9M1.68%
14Procter & Gamble74271810941,446$6.9M1.48%
15Nextera Energy IncNEE-PW90,910$6.5M1.39%
16General Dynamics CorpGD24,408$6.4M1.37%
17Vanguard Intl Div Apprec ETF92194681077,125$6.2M1.31%
18iShares 3-7 Year Treasury Bond ETF46428866152,551$6.1M1.29%
19iShares 0 to 3 Month Treasury Bond ETF46436E71860,468$6.1M1.29%
20DFA Emerging Market Core Equity 2 ETF25434V732218,999$5.7M1.22%
21Jpmorgan Chase & CoVYLD22,924$5.5M1.17%
22Caterpillar IncCAT14,790$5.4M1.14%
23Vanguard Total World Stock ETF92204274243,938$5.2M1.10%
24Broadcom Inc ComAVGO21,962$5.1M1.08%
25Honeywell International Inc43851610622,125$5.0M1.06%
26Vanguard Total Stock Market ETF92290876916,480$4.8M1.02%
27SPDR Bloomberg Barclay's 3 to 12 Month TBill ETF78468R52346,255$4.6M0.98%
28Raytheon Technologies OrdRTX37,148$4.3M0.91%
29Johnson & JohnsonJNJ29,588$4.3M0.91%
30Merck & Co Inc NewMRK42,636$4.3M0.91%
31Vanguard Russell 1000 ETF92206C73015,676$4.2M0.89%
32Cisco Systems IncCSCO70,539$4.2M0.89%
33General Mills Inc37033410463,089$4.0M0.86%
34Capital Group Core Plus Income ETF14020Y102178,591$4.0M0.84%
35DFA US Large Cap Value ETF25434V666121,739$3.7M0.78%
36Unitedhealth Group IncUNH7,218$3.7M0.78%
37Illinois Tool Works Inc45230810913,963$3.6M0.76%
38SPDR Nuveen Barclays Short Term Muni Bond ETF78468R73974,502$3.5M0.75%
39Vanguard Tax-Exempt Bond ETF92290774669,602$3.5M0.74%
40D.R. Horton Inc23331A10923,414$3.3M0.70%
41Amgen IncorporatedAMGN12,390$3.2M0.69%
42Vanguard Intermediate-Term Bond ETF92193781941,403$3.1M0.66%
43Blackrock IncBLK3,018$3.1M0.66%
44Chevron CorporationCVX20,290$2.9M0.62%
45Walt Disney Co25468710626,128$2.9M0.62%
46Amazon Com IncAMZN13,102$2.9M0.61%
47Alliant Energy CorpLNT43,413$2.6M0.55%
48Pepsico IncorporatedPEP16,730$2.6M0.55%
49Bank Of America Corp06050510458,252$2.6M0.54%
50iShares Short-Term National Muni Bond ETF46428815822,908$2.4M0.51%
51Invesco S&P 500 Equal Weight Utilts ETFIVZ35,879$2.4M0.50%
52Union Pacific CorpUNP9,759$2.2M0.47%
53Deere & CoDE5,226$2.2M0.47%
54iShares Core 1-5 Year USD Bond ETF46432F85945,474$2.2M0.46%
55Vanguard S&P Small-Cap 600 Value ETF92193277822,952$2.1M0.46%
56Corteva Inc comCTVA36,301$2.1M0.44%
57Northrop Grumman CorpNOC4,154$1.9M0.41%
58Vanguard S&P Small-Cap 600 Growth ETF92193279416,704$1.9M0.41%
59Zimmer Biomet HldgsZBH17,964$1.9M0.40%
60U S Bancorp Del NewUSB-PS38,836$1.9M0.40%
61DFA US Targeted Value ETF25434V60928,478$1.6M0.34%
62Johnson Controls IncG5150210519,788$1.6M0.33%
63Becton Dickinson and CoBDX6,678$1.5M0.32%
64Paychex IncPAYX9,355$1.3M0.28%
65Microchip TechnologyMCHPP22,096$1.3M0.27%
66CSX CorpCSX39,087$1.3M0.27%
67Duke Energy Corp NewDUKB11,338$1.2M0.26%
68C H Robinson Worldwide IncCHRW11,519$1.2M0.25%
69Aflac IncAFL11,098$1.1M0.24%
70FlexShares Glbl Quality Real Estate ETFFLEX19,713$1.1M0.24%
71Wells Fargo & Co New94974610115,828$1.1M0.24%
72Vanguard FTSE Emerging Markets ETF92204285824,918$1.1M0.23%
73Invesco FTSE RAFI Dev Mkts ex-US S/M ETFIVZ33,862$1.1M0.23%
74T ROWE PRICE CPTL APRCTN EQT ETF87283Q86731,745$1.1M0.22%
75GMO U S QUALITY ETF90139K10032,576$1.0M0.22%
76T. Rowe Price Dividend Growth ETF87283Q40425,737$1.0M0.22%
77Lowes Companies Inc5486611073,813$941,0490.20%
78FlexShares Mstar Glbl Upstrm Nat Res ETFFLEX25,745$936,0890.20%
79Exxon Mobil CorporationXOM8,550$919,7240.20%
80Ecolab IncECL3,762$883,9150.19%
81Textron IncorporatedTXT10,907$834,5290.18%
82Enbridge Inc ComENNPF19,473$826,2400.18%
83Abbott LaboratoriesABLZF7,247$819,7090.17%
84Oracle CorporationORCL-PD4,808$801,2060.17%
85Salesforce, Inc.CRM2,347$785,6090.17%
86Houlihan Lokey IncHLI4,418$767,2300.16%
87Northern Trust CorpNTRSO7,407$764,7360.16%
88Air Products & Chemicals IncAIIR2,631$763,0960.16%
89Medtronic IncMDT8,915$718,3710.15%
90CBRE Group IncCBRE5,413$710,6730.15%
91Schwab Intermediate-Term US Trs ETF80852485429,149$708,0300.15%
92Stifel Financial Corp8606301026,617$701,9320.15%
93CloroxCLX4,309$699,8250.15%
94Omnicom Group IncOMC8,054$698,4470.15%
95Meta Platforms Inc Class AMETA1,190$696,7570.15%
96CACI International Inc1271903041,670$674,7810.14%
97United Parcel SrvcUPS5,205$656,3510.14%
98Brown & Brown IncBRO6,368$649,6640.14%
99Schwab Short-Term US Treasury ETF80852486226,286$632,4420.13%
100Visa Inc Cl AV1,956$618,1750.13%
101Schwab Fundamental US Large Company ETF80852477124,857$588,6140.13%
102Zebra TechnologiesZBRA1,522$587,8270.12%
103Vanguard 500 ETF9229083631,079$581,3760.12%
104Interactive Brokers Group Inc45841N1073,223$569,4080.12%
105iShares Core S&P Small-Cap ETF4642878044,894$563,8870.12%
106Goldman Sachs Group IncGSCE971$556,0150.12%
107The Hershey CoHSY3,173$537,3480.11%
108Copart IncCPRT9,115$523,1100.11%
109Accenture PlcACN1,486$522,7600.11%
110DIMENSIONAL INTERNATIONAL VAL ETF25434V80714,587$517,5470.11%
111Bank Of New York Mellon Co0640581006,328$486,1810.10%
112The Middleby CorpMIDD3,530$478,1390.10%
113UBS Group AGUBS15,336$464,9880.10%
114Expeditors International of Washington Inc3021301094,146$459,2530.10%
115DIMENSIONAL INTERN CORE EQT MKT ETF25434V20314,609$426,5830.09%
116Applied Materials Inc0382221052,589$421,0500.09%
117Take-Two Interactive Software IncTTWO2,274$418,5980.09%
118Te Connectivity LtdTEL2,919$417,3300.09%
119Littelfuse IncLFUS1,697$399,8990.09%
120Landstar System IncLSTR2,281$392,0130.08%
121LKQ CorpLKQ10,550$387,7130.08%
122Insight Enterprises IncNSIT2,527$384,3570.08%
123Old National Bancorp68003310717,681$383,7670.08%
124Thermo Fisher Scientific IncTMO736$383,1740.08%
125Comcast Corp New Cl ACCZ10,154$381,0800.08%
126HARBOR INTERNATIONAL CMPNDRS ETF41151J88514,356$371,1030.08%
127Vanguard Large-Cap ETF9229086371,350$364,0950.08%
128Huntington Ingalls4464131061,917$362,2560.08%
129Starbucks CorpSBUX3,845$350,8570.07%
130LVMH Moet Hennessy Louis Vuitton SE5024413062,675$349,5960.07%
131Intuit IncINTU554$348,1890.07%
132CDW CorpCDW1,983$345,1220.07%
133Netflix IncNFLX386$344,0500.07%
134Markel Group IncMKL196$338,3420.07%
135Lockheed Martin CorpLMT696$338,2150.07%
136Danaher Corp2358511021,470$337,8360.07%
1373M CompanyMMM2,550$329,1800.07%
138Arrow Electronics0427351002,903$328,3880.07%
139Electronic Arts IncEA2,234$326,8350.07%
140Nestle SA (ADR)6410694063,990$325,9830.07%
141Henry Schein IncHSIC4,702$325,3790.07%
142Canadian Natural Resources Ltd13638510110,229$323,9070.07%
143Capital One Financial Corp14040H1051,805$321,8680.07%
144Charles Schwab CorpSCHW-PJ4,071$301,2950.06%
145Nordson CorpNDSN1,435$300,2600.06%
146Motorola Solutions IncMSI647$299,7700.06%
147Pfizer IncorporatedPFE11,074$293,7940.06%
148Aspen Technology Inc29109X1061,169$291,8180.06%
149Constellation Software Inc21037X10092$284,5850.06%
150C V S Caremark CorpCVS6,176$277,2410.06%
151Schwab US Dividend Equity ETF8085247979,662$263,9660.06%
152Advance Auto PartsAAP5,557$262,7910.06%
153Constellation BrandSTZ1,179$260,5590.06%
154Invesco QQQ Trust ETFIVZ497$254,0570.05%
155Mc Donalds CorpMCD836$242,3490.05%
156Southwest Airlines8447411086,866$232,0710.05%
157iShares MSCI EAFE ETF4642874653,042$230,0060.05%
158International Flavors & Fragrances Inc4595061012,454$208,4530.04%
159Emerson Electric CoEMR1,661$205,8480.04%
160Booz Allen HamiltonBAH1,551$199,6140.04%
161Idex Corp45167R104951$199,0350.04%
162SPDR Gold SharesGLD790$191,2830.04%
163DIMENSNL ULTRASHRT FIXED INCM ETF25434V5913,725$188,4480.04%
164Heineken NVHKHHF5,247$185,6390.04%
165JB Hunt Transport Services Inc4456581071,076$183,6310.04%
166Jacobs Solutions IncJ1,324$176,9130.04%
167Carvana CoCVNA862$175,2970.04%
168DIMENSIONAL INTERN SMALL CAP VL ETF25434V7815,840$155,1690.03%
169Bank Montreal Que Com0636711011,488$144,4110.03%
170Teledyne Technologies IncTDY295$136,9190.03%
171Veeva Systems IncVEEV630$132,4580.03%
172First Busey CorpBUSEP5,227$123,2010.03%
173iShares Barclays 1-3 Year Credit Bond ETF4642886462,350$121,4950.03%
174iShares MSCI USA Quality Factor ETF46432F339633$112,7250.02%
175Yum China Holdings IYUMC2,297$110,6470.02%
176Intel CorpINTC5,062$101,4940.02%
177Janus Henderson AAA CLO ETF47103U8451,972$100,0010.02%
178Borg Warner IncBWA3,132$99,5670.02%
179DIMENSIONAL U S SMALL CAP ETF25434V5001,412$91,8930.02%
180Market Vectors Gold Miners ETF92189F1062,488$84,3690.02%
181Tyson Foods Inc Class ATSN1,350$77,5440.02%
182Dollar General Corp256677105989$74,9860.02%
183Coca Cola CompanyKO1,191$74,1520.02%
184Boston Beer Co IncSAM240$71,9960.02%
185SPDR S&P 500 Trust ETFSPY121$71,1540.02%
186Alphabet Inc Class CGOOG367$69,8920.01%
187T. Rowe Price Group IncTROW599$67,7410.01%
188iShares Trust S&P Midcap4642875071,062$66,1740.01%
189SSGA Technology Select Sector SPDR ETF81369Y803248$57,6650.01%
190Waste Management Inc Del94106L109285$57,5110.01%
191KenvueKVUE2,681$57,2400.01%
192Newmont Mining CorpNEMCL1,529$56,9100.01%
193Energy Select Sector SPDR ETF81369Y506629$53,8810.01%
194Stryker CorpSYK145$52,3300.01%
195Schwab US Mid-Cap ETF8085245081,869$51,8000.01%
196Philip Morris Intl Inc718172109420$51,1140.01%
197Schwab US Small-Cap ETF8085246071,945$50,2880.01%
198Otter Tail CorpOTTR680$50,2120.01%
199MillerKnoll IncMLKN2,149$48,9090.01%
200CarMax IncKMX508$41,5350.01%
201DIMENSIONAL US SMALL CAP VALU ETF25434V8151,279$39,3680.01%
202J M Smucker Co832696405356$39,2030.01%
203Coinbase Global Class A ORDCOIN154$38,2390.01%
204Malibu Boats IncMBUU1,000$37,5900.01%
205Metlife IncMET-PF454$37,1740.01%
206SPDR Gold MiniSharesGLDW700$36,3930.01%
207Vanguard Small-Cap ETF922908751151$36,2830.01%
208CONSTELLATION ENERGY ORDCEG161$36,0180.01%
209Booking Holdings IncBKNG7$34,7790.01%
210PARAMOUNT GLOBAL CLASS B COMMON STOCK92556H2063,288$34,5570.01%
211iShares Russell 1000 Value ETF464287598172$31,8430.01%
212Centene CorpCNC520$31,5020.01%
213Solventum Corp Com ShsSOLV468$30,9170.01%
214Tesla Motors IncTSLA75$30,2880.01%
215Dimensional US Core Equity 2 ETF25434V708846$29,2640.01%
216Bristol-Myers Squibb CompanyCELG-RI500$28,2800.01%
217General Electric Company369604301167$27,9010.01%
218Zumiez IncZUMZ1,429$27,3940.01%
219PIMCO Enhanced Short Maturity Active ETF72201R833268$26,9990.01%
220NVIDIA CorpNVDA200$26,8630.01%
221Costco Wholesale Corp22160K10529$26,5720.01%
222iShares Dow Jones U.S. ETF464287846183$26,1220.01%
223Cheesecake Factory IncCAKE541$25,6660.01%
224Schwab US Broad Market ET8085241021,092$24,7890.01%
225Agnico Eagle Mines LtdAEM307$24,0110.01%
226Altria Group IncMO422$22,4970.00%
227iShares Core MSCI Total Intl. Stk. ETF46432F834339$22,4390.00%
228AVANTIS US MID CAP EQUITY ETF025072125342$22,2270.00%
229VF Corp.VFC1,000$21,4600.00%
230AVANTIS INTERNATNL SML CP VL ETF025072802325$21,1510.00%
231Hasbro IncHAS373$20,8550.00%
232Amentum Holdings Inc.AMTM948$19,9370.00%
233Veralto OrdVLTO188$19,1690.00%
234Vanguard Total International Stock ETF921909768320$18,8580.00%
235Mastercard Inc AMA35$18,4300.00%
236Delta Air Lines IncDAL301$18,2110.00%
237Healthpeak Properties Inc.DOC879$17,8180.00%
238The Southern CompanySOMN211$17,3700.00%
239iShares MSCI Emerging Markets464287234400$16,7280.00%
240Corning IncGLW341$16,2050.00%
241Abbvie IncABBV85$15,1050.00%
242Chipotle Mexican Grill Inc. Class ACMG250$15,0750.00%
243iShares S&P 500 Value ETF46428740878$14,8890.00%
244TrueBlue IncTBI1,717$14,4230.00%
245Schwab Fundamental Emerg Mkts Lg Co ETF808524730465$13,5090.00%
246Ge Vernova LLCGEV41$13,4970.00%
247Boeing CoBA-PA75$13,2750.00%
248Stepan CoSCL200$12,9400.00%
249DFA Dimensional US High Profitability ETF25434V831344$11,6240.00%
250Dimensional US Marketwide Value ETF25434V724256$10,4760.00%
251Dollar Tree Inc.DLTR138$10,3420.00%
252Mondelez International Inc Class A609207105161$9,6930.00%
253PIMCO 1-5 U.S. TIPS ETF72201R205174$9,1130.00%
254FlexShares STOXX Global Broad Infras ETFFLEX163$8,8390.00%
255Palantir Technologies IncPLTR100$7,5630.00%
256Vistra Energy Corp.VST50$6,8940.00%
257Ares Capital CorpARCC300$6,5670.00%
258Hercules Capital Inc.HCXY313$6,2890.00%
259Home Depot IncHD16$6,2240.00%
260D X C Technology ComDXC294$5,8750.00%
261Coty IncCOTY800$5,5680.00%
262Sunoco LPSUN100$5,1440.00%
263GE Healthcare Technologies ORDGEHC62$4,8480.00%
264Mueller Water Products Inc.624758108200$4,5000.00%
265Prologis IncPLDGP38$4,0170.00%
266Eaton Corp PlcETN12$3,9830.00%
267Novartis A G Spon AdrNVSEF40$3,8930.00%
268The Kroger CoKR61$3,7310.00%
269A T & T Inc NewT-PC147$3,3480.00%
270Omega Healthcare Investors Inc.68193610080$3,0280.00%
271Wal-Mart Stores IncWMT33$2,9890.00%
272Ball Corp.BALL52$2,8670.00%
273PORTILLOS CL A ORD73642K106276$2,5950.00%
274Chord Energy Corp. Ordinary SharesCHRD21$2,4560.00%
275Birkenstock Holding ORDBIRK36$2,0400.00%
276Citigroup Capital XIIIC-PR65$1,9490.00%
277W.P. Carey Inc.92936U10935$1,9380.00%
278Energy Transfer LPET-PI96$1,8810.00%
279UGI Corp90268110563$1,8030.00%
280Sturm Ruger & Co. Inc.RGR50$1,7690.00%
281Mylan NvVTRS134$1,6690.00%
282CHS Inc.CHSCO67$1,6610.00%
283CHS Inc.CHSCO65$1,6420.00%
284Ishares S&P U S Pfd Fund46428868750$1,5720.00%
285Columbus McKinnon Corp.CMCO42$1,5650.00%
286Morgan Stanley61763E20761$1,5640.00%
287Morgan StanleyMS-PQ49$1,2500.00%
288Fifth Third Bancorp31677360546$1,1650.00%
289Morgan Stanley61762V20045$1,1560.00%
290Owens &Minor Inc Hld69073210280$1,0460.00%
291PetMed Express Inc.PETS215$1,0370.00%
292Wintrust Financial CorpWTFCN41$1,0300.00%
293Penn National Gaming IncPENN50$9910.00%
294Darden Restaurants IncDRI5$9340.00%
295Marathon Pete CorpMARA6$8370.00%
296Medical Properties Trust Inc.58463J304200$8060.00%
297Oxford Square Capital Corp.OXSQH325$7930.00%
298The Goldman Sachs Group Inc.38144G80433$7580.00%
299T-Mobile US IncTMUSZ3$6630.00%
300Aspen Insurance Holdings Ltd.AHL-PF25$6410.00%
301Levi Strauss & Co.LEVI36$6230.00%
302Diversified Healthcare TrustDHCNL250$5750.00%
303Ford Motor Co34537086055$5440.00%
304The RMR Group Inc.RMR26$5370.00%
305Morgan StanleyMS-PQ22$5320.00%
306Smith & Wesson Brands Inc.SWBI50$5120.00%
307Moodys CorpMCO1$4740.00%
308Charles Schwab Corp.SCHW-PJ17$4270.00%
309Valley National BancorpVLYPN16$4110.00%
310SCE Trust V78409W20116$3940.00%
311Warner Brothers Discovery Series A ORDWBD35$3700.00%
312Walgreen Boots Alliance Inc Com93142710825$2340.00%
313Tiziana Life Sciences Ltd. Ordinary SharesTLSA302$2110.00%
314SCE Trust IV78409G2068$1970.00%
315Brighthouse Financia10922N1034$1930.00%
316SOS Ltd. ADRSOS27$1850.00%
317American Outdoor Brands Inc. Ordinary SharesAOUT12$1830.00%
318Obsidian Energy LtdOBE30$1740.00%
319AmTrust Financial Services Inc0323598537$1170.00%
320Corbus Pharmaceuticals Holdings IncCRBP9$1070.00%
321iShares MSCI EAFE Min Vol Factor ETF46429B6891$710.00%
322Equity Commonwealth29462810237$660.00%
323Net Lease Office PropertiesNLOP2$630.00%
324Accustem Sciences Inc.ACUT30$140.00%
325Belgravia Hartford Capital Inc07785T201200$80.00%
326Briggs & Stratton Corp109043109631$00.00%
327Oncology Pharma Inc.68235J20120$00.00%
328Ufood Restaurant Group Inc.90350810910,000$00.00%
329Novation Companies Inc.66989V10737$00.00%
330ZCO Liquidating Corp.67086E303450$00.00%