Institutional Manager · CIK 0001455495

IMA Advisory Services, Inc.

DENVER, CO · File #028-13377

Latest AUM

$1.04B

Positions

1,008

Top-10 Concentration

55.4%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	Schwab US Dividend Equity ETF	808524797	-373,999	-$10.3M	+$81,188
NEW	SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF	808524771	+202,228	+$5.5M	$0
NEW	ISHARES U.S. EQUITY FACTOR ROTATION ACTIVE ETF	BLK	+88,924	+$5.4M	$0
ADD	VANGUARD LARGE CAP	922908637	+12,697	+$4.0M	+$1.7M
ADD	iShares Core S&P 500 ETF	464287200	+5,408	+$3.7M	+$2,622
ADD	JPMorgan Core Plus Bond ETF	46641Q670	+72,403	+$3.4M	-$5,469
ADD	ISHARES SHORT TREASURY BOND ETF	464288679	+22,529	+$2.5M	-$157
NEW	Tripadvisor Inc	TRIP	+130,662	+$1.9M	$0
ADD	Apple Inc	AAPL	+6,718	+$1.8M	+$583,927
ADD	Vanguard Total Bond Market ETF	921937835	+24,186	+$1.8M	-$65,576

Sector Allocation

Technology

8.5%$88.5M

Financials

7.0%$73.1M

Healthcare

2.4%$24.7M

Consumer Discretionary

2.3%$23.9M

Industrials

2.1%$22.0M

Energy

0.9%$9.9M

Communication Services

0.9%$9.2M

0.7%$7.6M

0.1%$1.3M

0.1%$1.1M

0.0%$128,842

Filing History

Feb 11, 202613F HOLDINGS REPORTQ/E Dec 20251,008 pos · $1.04B
Nov 6, 202513F HOLDINGS REPORTQ/E Sep 2025552 pos · $992.4M
Aug 8, 202513F HOLDINGS REPORTQ/E Jun 2025559 pos · $932.9M
May 6, 202513F HOLDINGS REPORTQ/E Mar 2025344 pos · $843.0M
Feb 14, 202513F HOLDINGS REPORTQ/E Dec 2024169 pos · $830.5M
Nov 14, 202413F HOLDINGS REPORTQ/E Sep 2024262 pos · $459.4M
Aug 6, 202413F HOLDINGS REPORT (Amended)Q/E Jun 202473 pos · $226.4M
Jul 25, 202413F HOLDINGS REPORTQ/E Jun 2024135 pos · $440.0M
Apr 24, 202413F HOLDINGS REPORTQ/E Mar 202473 pos · $211.5M
Nov 28, 202313F HOLDINGS REPORTQ/E Dec 2023285 pos · $386.9M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD LARGE CAP	922908637	262,685	$82.5M	10.03%
2	ISHARES MSCI USA ESG SELECT ETF	464288802	514,454	$71.7M	8.72%
3	ISHARES ESG ADVANCED MSCI EAFE ETF	46436E759	732,980	$55.0M	6.69%
4	ISHARES TR KLD 400 SOCIAL INDEX FD	464288570	407,924	$52.3M	6.36%
5	Schwab US Large-Cap ETF	808524201	1,788,112	$48.1M	5.85%
6	VANGUARD ESG INTERNATIONAL STOCK ETF	921910725	500,363	$35.8M	4.36%
7	VANGUARD ESG U.S. STOCK ETF	921910733	272,981	$33.0M	4.02%
8	JPMorgan Core Plus Bond ETF	46641Q670	567,642	$27.0M	3.28%
9	VANGUARD TOTAL INTERNATIONAL STOCK ETF	921909768	342,421	$25.8M	3.14%
10	Invesco BulletShares 2030 Corp Bd ETF	IVZ	1,416,186	$24.0M	2.91%
11	Invesco BulletShares 2029 Corp Bd ETF	IVZ	1,221,624	$23.0M	2.80%
12	Schwab US Broad Market ETF	808524102	872,697	$22.9M	2.78%
13	SPDR S&P 500 ETF Trust	SPY	29,028	$19.8M	2.41%
14	Vanguard Total Bond Market ETF	921937835	242,790	$18.0M	2.19%
15	iShares High Yield Systematic Bond ETF	46435G250	294,840	$14.0M	1.70%
16	Schwab US Mid-Cap ETF	808524508	460,324	$13.8M	1.68%
17	Schwab U.S. Small-Cap ETF	808524607	469,627	$13.4M	1.63%
18	NVIDIA Corp	NVDA	67,673	$12.6M	1.54%
19	VANGUARD FTSE AW X-US SM CAP	922042718	87,909	$12.6M	1.53%
20	Apple Inc	AAPL	40,607	$11.0M	1.34%