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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 Q2 2025 · Filed July 30, 2025 · Accession 0001893893-25-000004

Total Value
$498.1M
Positions
173
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (173)

#IssuerTicker / CUSIPSharesValue% of Filing
1Vanguard Short-Term Inflation-Protected ETF9220208051,562,640$78.6M15.77%
2Vanguard Dividend Appreciation ETF921908844145,259$29.9M5.99%
3Vanguard Value ETF922908744160,148$28.5M5.71%
4Vanguard Small-Cap Value ETF92290861193,413$18.3M3.67%
5DFA International Core Equity 2 ETF25434V799580,277$18.0M3.62%
6Schwab Fundamental Intl Lg Co ETF808524755403,599$16.2M3.24%
7Berkshire Hathaway Inc Class BBRK-A29,375$14.3M2.86%
8Vanguard Short-Term Treasury ETF92206C102202,076$11.9M2.38%
9Dimensional Short-Duration Fixed Income ETF25434V864236,529$11.4M2.28%
10Microsoft CorpMSFT21,752$10.8M2.17%
11Alphabet Inc Class AGOOG52,063$9.2M1.84%
12Vanguard Short-Term Corporate Bond ETF92206C40993,927$7.5M1.50%
13Apple IncAAPL36,007$7.4M1.48%
14General Dynamics CorpGD23,912$7.0M1.40%
15DFA Emerging Market Core Equity 2 ETF25434V732224,160$6.7M1.34%
16iShares 0 to 3 Month Treasury Bond ETF46436E71864,586$6.5M1.31%
17Procter & Gamble74271810940,785$6.5M1.30%
18Jpmorgan Chase & CoVYLD21,916$6.4M1.28%
19Nextera Energy IncNEE-PW89,486$6.2M1.25%
20Vanguard Intl Div Apprec ETF92194681067,946$6.1M1.23%
21Invesco S&P 500 Equal Weight Utilts ETFIVZ85,422$6.1M1.22%
22Vanguard Total World Stock ETF92204274241,321$5.3M1.07%
23Raytheon Technologies OrdRTX36,208$5.3M1.06%
24Vanguard Total Stock Market ETF92290876916,675$5.1M1.02%
25Caterpillar IncCAT12,739$4.9M0.99%
26Honeywell International Inc43851610620,843$4.9M0.97%
27Broadcom Inc ComAVGO17,203$4.7M0.95%
28Cisco Systems IncCSCO67,955$4.7M0.95%
29Johnson & JohnsonJNJ30,524$4.7M0.94%
30DFA U S Large Cap Value ETF25434V666145,873$4.5M0.91%
31Capital Group Core Plus Income ETF14020Y102193,308$4.3M0.87%
32DFA U S Targeted Value ETF25434V60975,188$4.1M0.81%
33Merck & Co Inc NewMRK43,051$3.4M0.69%
34Amgen IncorporatedAMGN11,777$3.3M0.66%
35Illinois Tool Works Inc45230810913,145$3.3M0.66%
36Blackrock IncBLK3,032$3.2M0.64%
37Walt Disney Co25468710625,173$3.1M0.63%
38D R Horton Inc23331A10923,295$3.0M0.60%
39Chevron CorporationCVX20,317$2.9M0.58%
40General Mills Inc37033410455,723$2.9M0.58%
41Corteva Inc comCTVA36,534$2.7M0.55%
42Bank Of America Corp06050510456,532$2.7M0.54%
43Amazon Com IncAMZN12,039$2.6M0.53%
44Alliant Energy CorpLNT42,612$2.6M0.52%
45Pepsico IncorporatedPEP18,384$2.4M0.49%
46Unitedhealth Group IncUNH7,427$2.3M0.47%
47Deere & CoDE4,425$2.3M0.45%
48Union Pacific CorpUNP9,656$2.2M0.45%
49Vanguard S&P Small-Cap 600 Value ETF92193277824,815$2.1M0.43%
50Johnson Controls IncG5150210519,352$2.1M0.41%
51Northrop Grumman CorpNOC4,064$2.0M0.41%
52Vanguard S&P Small-Cap 600 Growth ETF92193279417,011$2.0M0.39%
53The Hershey CoHSY11,303$1.9M0.38%
54Becton Dickinson and CoBDX10,303$1.8M0.36%
55CACI International Inc1271903043,556$1.7M0.34%
56Zimmer Biomet HldgsZBH18,385$1.7M0.34%
57Vanguard Russell 1000 ETF92206C7305,133$1.4M0.29%
58SPDR Blmbg ST Intrn TrsBd ETF78464A33450,255$1.4M0.28%
59U S Bancorp Del NewUSB-PS29,873$1.4M0.27%
60iShares 3-7 Year Treasury Bond ETF46428866111,407$1.4M0.27%
61CSX CorpCSX38,964$1.3M0.26%
62Invesco FTSE RAFI Dev Mkts ex-U S S/M ETFIVZ32,575$1.3M0.25%
63Vanguard FTSE Emerging Markets ETF92204285825,013$1.2M0.25%
64Adobe Systems IncADBE3,106$1.2M0.24%
65SPDR Bloomberg Barclay's 3 to 12 Month TBill ETF78468R52311,973$1.2M0.24%
66FlexShares Glbl Quality Real Estate ETFFLEX19,676$1.2M0.24%
67C H Robinson Worldwide IncCHRW11,799$1.1M0.23%
68FlexShares Mstar Glbl Upstrm Nat Res ETFFLEX28,370$1.1M0.23%
69T Rowe Price Capital Appreciation Equity ETF87283Q86732,144$1.1M0.23%
70GMO U S Quality ETF90139K10032,908$1.1M0.23%
71Schwab Intermediate-Term U S Trs ETFvU80852485444,868$1.1M0.23%
72Medtronic IncMDT12,610$1.1M0.22%
73T Rowe Price Dividend Growth ETF87283Q40425,851$1.1M0.22%
74Te Connectivity LtdTEL6,376$1.1M0.22%
75Oracle CorporationORCL-PD4,796$1.0M0.21%
76Wells Fargo & Co New94974610112,562$1.0M0.20%
77Target CorporationTGT9,934$979,9890.20%
78Ecolab IncECL3,543$956,9300.19%
79JPMorgan Equity Premium Income ETF46641Q33216,586$942,9140.19%
80Exxon Mobil CorporationXOM8,626$929,8830.19%
81Lowes Companies Inc5486611073,975$881,9330.18%
82Paychex IncPAYX6,051$880,1780.18%
83Huntington Ingalls4464131063,538$854,2850.17%
84Northern Trust CorpNTRSO6,595$841,1680.17%
85Dimensional Ultrashort Fixed Income ETF25434V59116,477$836,2080.17%
86Meta Platforms Inc Class AMETA1,128$832,5660.17%
87Alphabet Inc Class CGOOG4,691$832,1360.17%
88Vanguard Large-Cap ETF9229086372,881$824,3640.17%
89Enbridge Inc ComENNPF17,633$799,1280.16%
90Aflac IncAFL7,336$773,6550.16%
91Air Products & Chemicals IncAIIR2,667$752,2540.15%
92iShares MSCI EAFE ETF4642874658,227$735,4120.15%
93United Parcel SrvcUPS7,235$730,3010.15%
94Pfizer IncorporatedPFE30,099$729,6000.15%
95Dimensional International Value ETF25434V80716,487$706,1380.14%
96Houlihan Lokey IncHLI3,910$703,6050.14%
97Omnicom Group IncOMC9,641$700,2750.14%
98SPDR Nuveen Barclays Short Term Muni Bond ETF78468R73914,635$699,9920.14%
99Vanguard Intermediate-Term Bond ETF9219378198,905$688,7130.14%
100Microchip TechnologyMCHPP9,753$686,3190.14%
101Schwab Fundamental U S Large Company ETF80852477127,268$669,1570.13%
102Brown & Brown IncBRO5,902$654,3550.13%
103CloroxCLX5,447$654,0210.13%
104The AES CorpAES62,049$652,7550.13%
105Goldman Sachs Group IncGSCE922$652,5460.13%
106Visa Inc Cl AV1,819$645,8360.13%
107Abbott LaboratoriesABLZF4,637$630,6780.13%
108Interactive Brokers Group Inc45841N10711,332$627,9060.13%
109CBRE Group IncCBRE4,471$626,4770.13%
110J M Smucker Co8326964056,291$617,7760.12%
111Stifel Financial Corp8606301025,738$595,4900.12%
112iShares Core S&P Small-Cap ETF4642878045,443$594,8650.12%
113Sysco CorporationSYY7,386$559,4160.11%
114Donaldson Co IncDCI7,838$543,5650.11%
115Dimensional International Core Equity Market ETF25434V20315,413$532,8270.11%
116Bank Of New York Mellon Co0640581005,660$515,6830.10%
117Duke Energy Corp NewDUKB4,345$512,7100.10%
118Applied Materials Inc0382221052,763$505,8220.10%
119Take-Two Interactive Software IncTTWO2,080$505,1280.10%
120Vanguard 500 ETF922908363877$499,6890.10%
121Zebra TechnologiesZBRA1,578$486,5920.10%
122SPDR Portfolio Long Term Treasury ETF78464A66418,216$484,1810.10%
123Expeditors International of Washington Inc3021301094,007$457,8000.09%
124Vanguard Tax-Exempt Bond ETF9229077469,270$454,5080.09%
125The Middleby CorpMIDD3,151$453,7440.09%
126UBS Group AGUBS13,141$444,4290.09%
127Copart IncCPRT8,931$438,2440.09%
128Harbor International Compounders ETF41151J88514,943$437,3820.09%
129Accenture PlcACN1,429$427,1140.09%
130Littelfuse IncLFUS1,867$423,3050.08%
131LKQ CorpLKQ11,388$421,4700.08%
132Nestle SA (ADR)6410694064,217$418,8320.08%
133CDW CorpCDW2,233$398,7910.08%
134Markel Group IncMKL199$397,4750.08%
135Intuit IncINTU498$392,2400.08%
136Arrow Electronics0427351003,042$387,6420.08%
137Insight Enterprises IncNSIT2,738$378,0770.08%
138iShares Core 1-5 Year USD Bond ETF46432F8597,730$376,0650.08%
139Henry Schein IncHSIC5,073$370,5830.07%
140Old National Bancorp68003310717,170$366,4080.07%
141Electronic Arts IncEA2,264$361,5610.07%
142Schwab U S Dividend Equity ETF80852479713,455$356,5580.07%
143iShares Short-Term National Muni Bond ETF4642881583,346$355,8140.07%
144Charles Schwab CorpSCHW-PJ3,861$352,2780.07%
145Capital One Financial Corp14040H1051,639$348,7140.07%
146Nordson CorpNDSN1,589$341,8730.07%
147Lockheed Martin CorpLMT738$341,7970.07%
148Netflix IncNFLX246$329,4260.07%
149Dimensional International Small Cap Value ETF25434V7819,983$328,5410.07%
1503M CompanyMMM2,119$322,5970.06%
151Danaher Corp2358511021,617$319,9400.06%
152Constellation Software Inc21037X10087$319,3880.06%
153LVMH Moet Hennessy Louis Vuitton SE5024413063,031$318,4370.06%
154Carvana CoCVNA862$290,4600.06%
155Thermo Fisher Scientific IncTMO689$279,6580.06%
156Motorola Solutions IncMSI632$266,4200.05%
157Fortive Corp ComFTV4,980$259,6070.05%
158Invesco QQQ Trust ETFIVZ456$251,7900.05%
159Heineken NVHKHHF5,646$246,7300.05%
160Starbucks CorpSBUX2,627$240,7120.05%
161PIMCO Multisector Bond Active ETF72201R5858,932$237,0550.05%
162Advance Auto PartsAAP5,087$236,4950.05%
163SPDR Gold SharesGLD770$234,7190.05%
164Landstar System IncLSTR1,682$233,8320.05%
165Textron IncorporatedTXT2,835$227,6790.05%
166Southwest Airlines8447411086,903$225,1820.05%
167Emerson Electric CoEMR1,683$224,3940.05%
168Eaton Vance Total Return Bond ETFMS-PQ4,278$218,4380.04%
169Constellation BrandSTZ1,326$215,7140.04%
170WisdomTree LargeCap Dividend ETFWT2,602$213,7280.04%
171Mc Donalds CorpMCD702$205,1030.04%
172Schwab U S Large-Cap Growth ETFvO8085243006,885$201,1110.04%
173Daybreak Oil & Gas Inc239559107295,000$300.00%