13F COMBINATION REPORT

Spurstone Advisory Services, LLC

Quarter ended Q1 2025 · Filed May 12, 2025 · Accession 0002056079-25-000002

Total Value

$5.1M

Positions

104

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (104)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	Apple Inc	AAPL	5,185	$1.2M	22.41%
2	Exxon Mobil Corp	XOM	3,398	$404,124	7.86%
3	United Parcel Service Inc	UPS	3,642	$400,583	7.79%
4	Chevron CORP	CVX	2,020	$337,925	6.58%
5	RTX Corp	RTX	2,524	$334,329	6.51%
6	SPDR S&P 500 ETF Trust	SPY	573	$320,530	6.24%
7	Fortinet Inc	FTNT	2,500	$240,650	4.68%
8	iShares Russell 2000 ETF	464287655	1,132	$225,822	4.39%
9	Pfizer Inc	PFE	8,003	$202,796	3.95%
10	Travelers Cos Inc/The	TRV	596	$157,618	3.07%
11	International Business Machines Corp	INTR	550	$136,763	2.66%
12	Crowdstrike Holdings Inc	CRWD	369	$130,102	2.53%
13	Trane Technologies PLC	TT	290	$97,706	1.90%
14	UnitedHealth Group INC	UNH	150	$78,562	1.53%
15	Webster Financial Corp	947890109	1,104	$56,911	1.11%
16	Vanguard Tax-Exempt Bond Index ETF	922907746	1,123	$55,723	1.08%
17	iShares Core S&P 500 ETF	464287200	97	$54,504	1.06%
18	Qualcomm INC	QCOM	306	$47,004	0.91%
19	Smith & Wesson Brands Inc	SWBI	4,700	$43,804	0.85%
20	Home Depot Inc/The	HD	115	$42,146	0.82%
21	Royal Caribbean Cruises Ltd	V7780T103	200	$41,088	0.80%
22	Hartford Insurance Group Inc/The	HIG-PG	300	$37,119	0.72%
23	Merck & Co Inc	MRK	374	$33,570	0.65%
24	Bank of America Corp	060505104	780	$32,549	0.63%
25	Schwab International Equity ETF	808524805	1,576	$31,173	0.61%
26	Ford Motor Co	345370860	3,050	$30,591	0.60%
27	SentinelOne Inc	S	1,300	$23,634	0.46%
28	Lyft Inc	LYFT	1,975	$23,443	0.46%
29	Tesla Inc	TSLA	90	$23,324	0.45%
30	Southern Co/The	SOMN	244	$22,435	0.44%
31	United States Steel Corp	UNTCW	500	$21,130	0.41%
32	iShares Core S&P Mid-Cap ETF	464287507	345	$20,130	0.39%
33	Xcel Energy Inc	XELLL	233	$16,494	0.32%
34	iShares 20 Year Treasury Bond ETF	464287432	174	$15,839	0.31%
35	American Electric Power Co Inc	025537101	138	$15,079	0.29%
36	American Outdoor Brands Inc	AOUT	1,175	$14,288	0.28%
37	Citizens Financial Group Inc	CIA	300	$12,291	0.24%
38	Intel Corp	INTC	536	$12,172	0.24%
39	Invesco S&P 500 Equal Weight ETF	IVZ	70	$12,126	0.24%
40	Altria Group Inc	MO	200	$12,004	0.23%
41	Vanguard FTSE Emerging Markets ETF	922042858	246	$11,133	0.22%
42	iShares Core S&P Small-Cap ETF	464287804	105	$10,979	0.21%
43	Dimensional US Core Equity 2 ETF	25434V708	252	$8,313	0.16%
44	Quantumscape CORP	QS	1,950	$8,112	0.16%
45	Viatris Inc	VTRS	911	$7,934	0.15%
46	Stanley Black & Decker Inc	SWK	100	$7,688	0.15%
47	Coca-Cola Co/The	KO	103	$7,376	0.14%
48	iShares MSCI USA Value Factor ETF	46432F388	69	$7,358	0.14%
49	Verizon Communications Inc	VZ	161	$7,302	0.14%
50	iShares MSCI Eurozone ETF	464286608	126	$6,709	0.13%
51	Dimensional US Core Equity Market ETF	25434V104	162	$6,227	0.12%
52	Crane Co	CR	40	$6,127	0.12%
53	Dimensional World EX US Core Equity 2 ETF	25434V880	189	$4,951	0.10%
54	iShares National Muni Bond ETF	464288414	46	$4,850	0.09%
55	Dimensional US Equity Market ETF	25434V401	70	$4,233	0.08%
56	Dimensional International Core Equity Market ETF	25434V203	134	$4,184	0.08%
57	Dimensional US High Profitability ETF	25434V831	122	$4,043	0.08%
58	Goldman Sachs Group Inc/The	GSCE	7	$3,824	0.07%
59	Kyndryl Holdings Inc	KD	120	$3,768	0.07%
60	Vanguard Value ETF	922908744	19	$3,282	0.06%
61	Phillips 66	PSX	25	$3,087	0.06%
62	Schwab U.S. Large-Cap Growth ETF	808524300	112	$2,804	0.05%
63	iShares Core MSCI EAFE ETF	46432F842	34	$2,572	0.05%
64	SPDR S&P 500 Growth ETF	78464A409	31	$2,491	0.05%
65	Dimensional Emerging Core Equity Market ETF	25434V302	96	$2,485	0.05%
66	BP PLC	BPPFF	73	$2,466	0.05%
67	Crane NXT Co	CXT	40	$2,056	0.04%
68	SPDR Portfolio S&P 500 Value ETF	78464A508	40	$2,042	0.04%
69	Dimensional International High Profitability ETF	25434V765	67	$1,804	0.04%
70	Vanguard Growth ETF	922908736	4	$1,483	0.03%
71	iShares Russell Mid-Cap ETF	464287499	17	$1,446	0.03%
72	WisdomTree US MidCap Dividend Fund	WT	26	$1,287	0.03%
73	Xeris Biopharma Holdings Inc	XERS	200	$1,098	0.02%
74	SPDR Nuveen S&P High Yield Municipal Bond ETF	78464A284	40	$1,008	0.02%
75	iShares 3-7 Year Treasury Bond ETF	464288661	8	$945	0.02%
76	SPDR S&P 400 Mid CapGrowth ETF	78464A821	9	$715	0.01%
77	SPDR Portfolio Short Term Treasury ETF	78468R101	24	$701	0.01%
78	iShares Core 10 Year USD Bond ETF	464289479	14	$700	0.01%
79	VanEck High Yield Muni ETF	92189H409	13	$665	0.01%
80	JPMorgan Ultra-Short Income ETF	46641Q837	13	$658	0.01%
81	Avantis Core Fixed Income ETF	025072562	15	$620	0.01%
82	Vanguard Small-Cap Value ETF	922908611	3	$558	0.01%
83	WisdomTree Floating Rate Treasury Fund	WT	11	$553	0.01%
84	Organon & Co	OGN	37	$550	0.01%
85	iShares Core MSCI Emerging Markets ETF	46434G103	10	$539	0.01%
86	First Trust TCW Opportunistic Fixed Income ETF	33740F805	12	$526	0.01%
87	Avantis U.S. Small Cap Value ETF	025072877	6	$523	0.01%
88	Vanguard Small-Cap Growth ETF	922908595	2	$503	0.01%
89	Vanguard FTSE Developed Markets ETF	921943858	9	$457	0.01%
90	WisdomTree Yield Enhanced US Aggregate Bond Fund	WT	10	$434	0.01%
91	First Trust Low Duration Opportunities ETF	33739Q200	8	$393	0.01%
92	Eldridge BBB-B CLO ETF	81752T528	14	$371	0.01%
93	SPDR S&P 600 Small Cap Growth ETF	78464A201	4	$332	0.01%
94	Eldridge AAA CLO ETF	81752T486	13	$331	0.01%
95	Harley-Davidson Inc	HOG	11	$277	0.01%
96	iShares J.P. Morgan USD Emerging Markets Bond ETF	464288281	3	$271	0.01%
97	VanEck J. P. Morgan EM Local Currency Bond ETF	92189H300	11	$262	0.01%
98	FT Vest S&P 500 Dividend Aristocrats Target Income ETF	33739Q705	4	$202	0.00%
99	SPDR Bloomberg Emerging Markets Local Bond ETF	78464A391	10	$200	0.00%
100	Vanguard Emerging Markets Government Bond ETF	921946885	3	$192	0.00%
101	SPDR Portfolio Mortgage Backed Bond ETF	78464A383	8	$176	0.00%
102	SPDR Blackstone High Income ETF	78470P846	4	$112	0.00%
103	iShares CMBS ETF	46429B366	2	$96	0.00%
104	Schwab U.S. Large-Cap Value ETF	808524409	3	$79	0.00%