Institutional Manager · CIK 0002009211

WETZEL INVESTMENT ADVISORS, INC.

INDIANAPOLIS, IN · File #028-23559

Latest AUM

$246.9M

Positions

161

Top-10 Concentration

61.1%

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	BLACKROCK ETF TRUST	BLK	+19,755	+$1.2M	+$36,497
ADD	INNOVATOR ETFS TRUST	INHD	+23,507	+$866,987	+$338,654
REDUCE	JOHNSON & JOHNSON	JNJ	-4,154	-$859,626	+$90,101
REDUCE	VANGUARD STAR FDS	921909768	-10,708	-$807,813	+$360,326
REDUCE	VANGUARD MUN BD FDS	922907746	-14,909	-$749,766	+$3,389
ADD	VANGUARD INDEX FDS	922908744	+2,787	+$532,287	+$270,860
ADD	PACER FDS TR	69374H436	+10,200	+$435,096	+$13,010
ADD	BLACKROCK ETF TRUST II	BLK	+7,878	+$400,005	-$43,358
ADD	VANGUARD INDEX FDS	922908363	+577	+$361,856	+$325,957
NEW	BLACKROCK ETF TRUST	BLK	+8,793	+$339,058	$0

Sector Allocation

11.4%$28.1M

6.5%$16.1M

5.8%$14.4M

4.6%$11.3M

0.9%$2.2M

0.9%$2.1M

0.8%$2.1M

Consumer Discretionary

0.7%$1.7M

Communication Services

0.3%$823,825

Utilities

0.3%$762,724

Filing History

Jan 22, 202613F HOLDINGS REPORTQ/E Dec 2025161 pos · $246.9M
Oct 27, 202513F HOLDINGS REPORTQ/E Sep 2025157 pos · $234.3M
Jul 18, 202513F HOLDINGS REPORTQ/E Jun 2025156 pos · $218.7M
Apr 22, 202513F HOLDINGS REPORTQ/E Mar 2025122 pos · $198.4M
Jan 22, 202513F HOLDINGS REPORTQ/E Dec 2024121 pos · $201.2M
Oct 29, 202413F HOLDINGS REPORTQ/E Sep 2024121 pos · $198.9M
Aug 7, 202413F HOLDINGS REPORTQ/E Jun 2024952 pos · $174.9M
Apr 23, 202413F HOLDINGS REPORTQ/E Mar 20241,119 pos · $169.8M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464287614	54,439	$25.8M	12.00%
2	INNOVATOR ETFS TRUST	INHD	436,484	$16.1M	7.50%
3	VANGUARD INDEX FDS	922908363	25,603	$16.1M	7.48%
4	VANGUARD INDEX FDS	922908744	78,921	$15.1M	7.02%
5	VANGUARD STAR FDS	921909768	171,262	$12.9M	6.02%
6	JPMORGAN CHASE & CO.	VYLD	39,833	$12.8M	5.98%
7	ELI LILLY & CO	LLY	10,789	$11.6M	5.40%
8	BLACKROCK ETF TRUST II	BLK	210,290	$10.7M	4.97%
9	SPDR S&P 500 ETF TR	SPY	7,502	$5.1M	2.39%
10	ISHARES TR	46429B267	219,858	$5.1M	2.36%
11	VANGUARD INDEX FDS	922908652	23,663	$4.9M	2.30%
12	ISHARES INC	46434G103	70,423	$4.7M	2.21%
13	SPDR SERIES TRUST	78464A375	136,355	$4.6M	2.15%
14	ISHARES TR	46435G102	46,416	$4.6M	2.13%
15	INVESCO EXCHANGE TRADED FD T	IVZ	52,741	$4.0M	1.84%
16	APPLE INC	AAPL	14,379	$3.9M	1.82%
17	CITIGROUP INC	C-PR	31,441	$3.7M	1.71%
18	BLACKROCK ETF TRUST II	BLK	62,390	$3.3M	1.53%
19	JOHN HANCOCK EXCHANGE TRADED	47804J206	47,485	$3.1M	1.45%
20	ISHARES TR	464287507	46,209	$3.0M	1.42%