Institutional Manager · CIK 0001731497

Ellenbecker Investment Group

WAUKESHA, WI · File #028-18557

Latest AUM

$714.7M

Positions

132

Top-10 Concentration

84.8%

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
ADD	ISHARES TR	464287226	+82,800	+$8.3M	-$240,123
ADD	VANGUARD INTL EQUITY INDEX F	921943858	+109,904	+$6.9M	+$2.1M
REDUCE	ISHARES TR	464287200	-8,581	-$5.9M	+$4.5M
ADD	PIMCO	72201R585	+120,640	+$3.2M	-$235,515
ADD	ISHARES TR	464289859	+32,149	+$2.9M	+$206,864
ADD	CATERPILLAR INC	CAT	+4,689	+$2.7M	+$76,816
ADD	SPDR SERIES TRUST	78464A847	+28,314	+$1.6M	+$229,697
ADD	ISHARES TR	464287598	+7,119	+$1.5M	+$858,931
ADD	VANGUARD INTL EQUITY INDEX F	922042858	+27,811	+$1.5M	-$197,465
ADD	ISHARES TR	464287614	+2,467	+$1.2M	+$680,447

Sector Allocation

3.2%$23.1M

1.0%$7.0M

0.8%$5.6M

0.8%$5.5M

Consumer Discretionary

0.6%$4.5M

Utilities

0.5%$3.3M

Financials

0.4%$2.6M

Energy

0.2%$1.5M

Communication Services

0.2%$1.2M

Materials

0.1%$503,924

Real Estate

0.0%$227,424

Filing History

Jan 30, 202613F HOLDINGS REPORTQ/E Dec 2025132 pos · $714.7M
Oct 14, 202513F HOLDINGS REPORTQ/E Sep 2025128 pos · $677.8M
Jul 22, 202513F HOLDINGS REPORTQ/E Jun 2025119 pos · $619.0M
Apr 15, 202513F HOLDINGS REPORTQ/E Mar 2025112 pos · $556.5M
Jan 13, 202513F HOLDINGS REPORTQ/E Dec 2024112 pos · $559.2M
Oct 17, 202413F HOLDINGS REPORTQ/E Sep 2024109 pos · $529.2M
Jul 11, 202413F HOLDINGS REPORTQ/E Jun 2024117 pos · $496.9M
Apr 9, 202413F HOLDINGS REPORTQ/E Mar 2024105 pos · $476.2M
Oct 17, 202313F HOLDINGS REPORTQ/E Dec 202398 pos · $386,294

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464287200	281,438	$192.8M	28.29%
2	ISHARES TR	464287226	731,641	$73.1M	10.72%
3	ISHARES TR	464287614	141,618	$67.0M	9.84%
4	VANGUARD INTL EQUITY INDEX F	921943858	951,754	$59.5M	8.73%
5	VANGUARD INDEX FDS	922908751	201,597	$52.0M	7.63%
6	PIMCO	72201R585	1,592,749	$42.5M	6.24%
7	ISHARES TR	464287598	134,362	$28.3M	4.15%
8	VANGUARD INTL EQUITY INDEX F	922042858	497,902	$26.8M	3.93%
9	SPDR SERIES TRUST	78464A847	347,320	$20.1M	2.95%
10	ISHARES TR	464289859	177,854	$15.9M	2.34%
11	APPLE INC	AAPL	38,676	$10.5M	1.54%
12	ISHARES TR	464287804	67,991	$8.2M	1.20%
13	ISHARES TR	464289867	113,071	$7.4M	1.08%
14	SPDR SERIES TRUST	SPY	10,264	$7.0M	1.03%
15	PGIM INVESTMENTS	69344A206	154,374	$5.5M	0.80%
16	MICROSOFT CORP	MSFT	10,898	$5.3M	0.77%
17	VANGUARD INDEX FDS	922908629	13,507	$3.9M	0.58%
18	NVIDIA CORPORATION INC	NVDA	20,610	$3.8M	0.56%
19	ISHARES TR	464289875	78,592	$3.8M	0.55%
20	PHILIP MORRIS INTL INC	718172109	22,896	$3.7M	0.54%