SEC 13F Intelligence

Managers / Q4 2023 · view latest →

LVM CAPITAL MANAGEMENT LTD/MI

CIK 0001053054 · 7840 MOORSBRIDGE ROAD, PORTAGE, MI, 49024 · 6163218120

Reported Value
$781M
Q4 2023
Positions
147
Filings on Record
30
2019–present window
Filed
Jan 12, 2024
original filing

Summary

Lvm Capital Management Ltd/Mi reported $781M in U.S.-listed holdings across 147 positions for Q4 2023.

Its largest position, AAPL, represents 10.2% of the portfolio.

Compared with Q3 2023, the fund opened 12 new positions and exited 3.

Portfolio Metrics

Turnover
+3.6%
vs prior filed quarter
Top-10 Concentration
+45.7%
share of reported value
Largest Position
+10.2%
Apple
New / Exited
12 / 3
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $436MQ1 ’19Q2 ’19: $439MQ3 ’19: $471MQ4 ’19: $507MQ1 ’20: $406MQ1 ’20Q2 ’20: $488MQ3 ’20: $516MQ4 ’20: $594MQ1 ’21: $616MQ1 ’21Q2 ’21: $655MQ3 ’21: $663MQ4 ’21: $750MQ1 ’22: $757MQ1 ’22Q2 ’22: $690MQ3 ’22: $653MQ4 ’22: $690MQ1 ’23: $721MQ1 ’23Q2 ’23: $748MQ3 ’23: $709MQ4 ’23: $781MQ1 ’24: $847MQ1 ’24Q2 ’24: $879MQ3 ’24: $879MQ4 ’24: $930MQ1 ’25: $898MQ1 ’25Q2 ’25: $964MQ3 ’25: $1.0BQ4 ’25: $1.1BQ1 ’26: $1.1BQ1 ’26Q2 ’26: $1.2Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 83.1%ETP: 9.1%Other: 6.0%REIT: 1.8%ADR: 0.1%
  • Common Stock · 83.1% · $649M
  • ETP · 9.1% · $71M
  • Other · 6.0% · $47M
  • REIT · 1.8% · $14M
  • ADR · 0.1% · $492,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CRMSALESFORCENEW+42.3K42.3K+$11M$11M
EOGEOG RESOURCESNEW+28.1K28.1K+$3M$3M
IJRISHARES S&P SMALLCAP 600 INDEXNEW+6.8K6.8K+$738,000$738,000
ADPAUTOMATIC DATA PROCESSINGNEW+2.5K2.5K+$593,000$593,000
SPDWSPDR PORTFOLIO DEVELOPED WORLDNEW+16.6K16.6K+$566,000$566,000
DEUTSCHE X TRACKERS HEDGED EQUNEW+9.2K9.2K+$342,000$342,000
FASTFASTENALNEW+4.5K4.5K+$291,000$291,000
GDGENERAL DYNAMICSNEW+843843+$219,000$219,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2023

145 positions (from 147 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLEhistory →COM10.20%$80M413.9K
2MSFTMICROSOFThistory →COM8.87%$69M184.3K
3BROADCOMCOM5.85%$46M40.9K
4PGPROCTER & GAMBLEhistory →COM3.42%$27M182.1K
5ABBVABBVIEhistory →COM3.14%$25M158.4K
6EXMOCEXXON MOBILhistory →COM3.11%$24M243.0K
7JNJJOHNSON & JOHNSONhistory →COM2.98%$23M148.3K
8LLYELI LILLYhistory →COM2.83%$22M37.9K
9HDHOME DEPOThistory →COM2.65%$21M59.8K
10GOOGLALPHABET CL ACOM2.64%$21M147.7K
11CSCOCISCO SYSTEMShistory →COM2.60%$20M401.4K
12DGRWWISDOMTREE US DIV GROWTH ETFhistory →COM2.48%$19M275.3K
13MSMORGAN STANLEYhistory →COM2.41%$19M201.7K
14AMGNAMGENhistory →COM2.12%$17M57.5K
15ICLRICONhistory →COM2.12%$17M58.5K
16AXPAMERICAN EXPRESShistory →COM1.98%$15M82.5K
17LMTLOCKHEED MARTINhistory →COM1.86%$15M32.1K
18NOCNORTHROP GRUMMANhistory →COM1.78%$14M29.7K
19CVXCHEVRONhistory →COM1.75%$14M91.9K
20AMATAPPLIED MATERIALShistory →COM1.65%$13M79.6K
21VRTXVERTEX PHARMACEUTICALShistory →COM1.57%$12M30.1K
22SYKSTRYKERhistory →COM1.51%$12M39.5K
23IDAIDACORPhistory →COM1.50%$12M119.1K
24HSYHERSHEYhistory →COM1.46%$11M61.0K
25CRMSALESFORCEhistory →COM1.42%$11M42.3K
26IAUISHARES GOLD TRUST ETFhistory →COM1.38%$11M276.5K
27KRKROGERhistory →COM1.34%$10M229.2K
28SPYSPDR S&P 500 EQUITY ETFhistory →COM1.34%$10M22.0K
29PFEPFIZERhistory →COM1.27%$10M344.5K
30HUBBHUBBELLCOM0.96%$8M22.9K
31NVTNVENT ELECTRICCOM0.94%$7M124.3K
32DLRDIGITAL REALTY TRUSTCOM0.91%$7M52.8K
33TDTORONTO-DOMINION BANKCOM0.90%$7M108.7K
34SBUXSTARBUCKSCOM0.88%$7M71.9K
35OREALTY INCOMECOM0.74%$6M100.5K
36WMWASTE MANAGEMENTCOM0.70%$5M30.6K
37MOALTRIA GROUPCOM0.67%$5M129.1K
38DGRSWISDOMTREE US SMALLCAP DIV GROCOM0.66%$5M109.3K
39PEPPEPSICOCOM0.59%$5M27.0K
40DISWALT DISNEYCOM0.51%$4M43.8K
41DHSWISDOMTREE HIGH DIVIDEND ETFCOM0.50%$4M47.1K
42SPDR PORTFOLIO TOTAL STOCK MARCOM0.48%$4M64.2K
43IXUSISHARES CORE INTERNATIONAL STOCOM0.48%$4M57.7K
44ABTABBOTT LABSCOM0.47%$4M33.3K
45EOGEOG RESOURCESCOM0.43%$3M28.1K
46MDTMEDTRONICCOM0.43%$3M40.9K
47SYYSYSCOCOM0.41%$3M43.4K
48PMPHILIP MORRISCOM0.39%$3M32.5K
49SCHDSCHWAB US DIVIDEND EQ ETFCOM0.32%$3M33.1K
50VZVERIZON COMMUNICATIONSCOM0.31%$2M64.5K
51INTCINTELCOM0.30%$2M47.2K
52JPMJPMORGAN CHASECOM0.28%$2M13.1K
53BRK/BBERKSHIRE HATHAWAY CL BCOM0.28%$2M4.7K
54CMACOMERICACOM0.25%$2M34.3K
55XLKTECHNOLOGY SECTOR SPDR ETFCOM0.24%$2M9.7K
56IBMINTERNATIONAL BUSINESS MACHINECOM0.23%$2M11.2K
57KOCOCA-COLACOM0.23%$2M30.0K
58UNHUNITEDHEALTH GROUPCOM0.19%$2M2.9K
59NEENEXTERA ENERGYCOM0.18%$1M23.6K
60MRKMERCKCOM0.18%$1M13.1K
61CATCATERPILLARCOM0.17%$1M4.6K
62GLDSPDR GOLD TRUST ETFCOM0.14%$1M5.9K
63CASYCASEYS GENERAL STORESCOM0.14%$1M3.9K
64EXPEEXPEDIACOM0.13%$1M6.6K
65MCDMCDONALDSCOM0.13%$990,0003.3K
66AMTAMERICAN TOWERCOM0.13%$985,0004.6K
67NFLXNETFLIXCOM0.13%$983,0002.0K
68IJHISHARES S&P MID-CAP EQUITY ETFCOM0.12%$969,0003.5K
69WMTWALMARTCOM0.12%$946,0006.0K
70XLVSPDR HEALTH CARE SECTOR ETFCOM0.12%$944,0006.9K
71NRGNRG ENERGYCOM0.12%$899,00017.4K
72DGDOLLAR GENERALCOM0.11%$896,0006.6K
73CTASCINTASCOM0.11%$873,0001.4K
74ISHARES MSCI INTERNATIONAL QUACOM0.11%$873,00023.2K
75NOBLPROSHARES S&P 500 DIVIDEND ARICOM0.11%$858,0009.0K
76MMM3MCOM0.11%$835,0007.6K
77CNICANADIAN NATIONAL RAILWAYCOM0.10%$791,0006.3K
78WDCWESTERN DIGITALCOM0.10%$778,00014.9K
79WESTROCKCOM0.10%$764,00018.4K
80AMZNAMAZON.COMCOM0.10%$751,0004.9K
81DEDEERECOM0.09%$740,0001.9K
82IJRISHARES S&P SMALLCAP 600 INDEXCOM0.09%$738,0006.8K
83FISVFISERV INCCOM0.09%$721,0005.4K
84BSXBOSTON SCIENTIFICCOM0.09%$715,00012.4K
85BMYBRISTOL-MYERS SQUIBBCOM0.09%$703,00013.7K
86SPROTT PHYSICAL GOLD TRUSTCOM0.09%$696,00043.7K
87RTXRAYTHEON TECHNOLOGIESCOM0.09%$687,0008.2K
88BACBANK OF AMERICACOM0.09%$667,00019.8K
89CINFCINCINNATI FINANCIALCOM0.09%$666,0006.4K
90TRVTRAVELERSCOM0.08%$650,0003.4K
91ORCLORACLECOM0.08%$631,0006.0K
92PSXPHILLIPS 66COM0.08%$618,0004.6K
93ADPAUTOMATIC DATA PROCESSINGCOM0.08%$593,0002.5K
94HALHALLIBURTONCOM0.07%$585,00016.2K
95NVDANVIDIACOM0.07%$583,0001.2K
96SPDWSPDR PORTFOLIO DEVELOPED WORLDCOM0.07%$566,00016.6K
97TMOTHERMO FISHER SCIENTIFICCOM0.07%$563,0001.1K
98TAT&TCOM0.07%$557,00033.2K
99SMHVANECK VECTORS SEMICONDUCTOR ECOM0.07%$545,0003.1K
100PNCPNC FINANCIAL SERVICES GROUPCOM0.07%$533,0003.4K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2026$1.2B163Jul 9, 202613F-HRchanges · EDGAR ↗
Q1 2026$1.1B160Apr 2, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.1B161Jan 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.0B165Oct 9, 202513F-HRchanges · EDGAR ↗
Q2 2025$964M154Jul 2, 202513F-HRchanges · EDGAR ↗
Q1 2025$898M151Apr 8, 202513F-HRchanges · EDGAR ↗
Q4 2024$930M155Jan 10, 202513F-HRchanges · EDGAR ↗
Q3 2024$879M142Oct 3, 202413F-HRchanges · EDGAR ↗
Q2 2024$879M142Jul 16, 202413F-HRchanges · EDGAR ↗
Q1 2024$847M141Apr 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$781M147Jan 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$709M138Oct 10, 202313F-HRchanges · EDGAR ↗
Q2 2023$748M142Jul 7, 202313F-HRchanges · EDGAR ↗
Q1 2023$721M143Apr 17, 202313F-HRchanges · EDGAR ↗
Q4 2022$690M136Jan 3, 202313F-HRchanges · EDGAR ↗
Q3 2022$653M134Oct 5, 202213F-HRchanges · EDGAR ↗
Q2 2022$690M133Jul 14, 202213F-HRchanges · EDGAR ↗
Q1 2022$757M142Apr 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$750M134Jan 4, 202213F-HRchanges · EDGAR ↗
Q3 2021$663M132Oct 5, 202113F-HRchanges · EDGAR ↗
Q2 2021$655M132Jul 8, 202113F-HRchanges · EDGAR ↗
Q1 2021$616M130Apr 6, 202113F-HRchanges · EDGAR ↗
Q4 2020$594M125Jan 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$516M109Oct 5, 202013F-HRchanges · EDGAR ↗
Q2 2020$488M107Jul 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$406M103Apr 16, 202013F-HRchanges · EDGAR ↗
Q4 2019$507M118Jan 15, 202013F-HRchanges · EDGAR ↗
Q3 2019$471M116Oct 4, 201913F-HRchanges · EDGAR ↗
Q2 2019$439M110Jul 2, 201913F-HRchanges · EDGAR ↗
Q1 2019$436M110Apr 5, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.