Ellenbecker Investment Group

Registered adviser

CIK

1731497

Location

WAUKESHA, WI

Portfolio Value

Small $858,162,740

Diversification

Highly concentrated

Filing Date

Global Rank

#2,779 / 8,827 ▲ 31

Top Industry

Consumer Electronics 13.3%

Period ended 4 months ago

Filed Jul 27, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 173851

Roster of Nov 1, 2026

Regulatory AUM

$2,062,688,555

Main clients

Individuals and high net worth (100% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$2,062,688,555	Individuals and high net worth (100%)
Apr 2025 to Mar 2026	$1,731,276,641	Individuals and high net worth (100%)
Apr 2024 to Mar 2025	$1,491,336,546	Individuals and high net worth (100%)
May 2023 to Mar 2024	$1,250,836,104	Individuals and high net worth (100%)
Apr 2023	$1,250,836,104	Individuals and high net worth (100%)
Apr 2022 to Mar 2023	$1,390,988,383	Individuals and high net worth (100%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 89.7% of the book (60%+)

Turnover

Low turnover

5.5% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 22.2 quarters (12+), a floor since 67.3% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 83.0%; sector active share 77.2% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

145 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

51.3%

−0.5 pts

Top 5

78.7%

−0.5 pts

Top 10

89.7%

+0.0 pts

HHI

2,874

Highly concentrated−48

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	90.1%	$773,448,229	62
Technology	3.1%	$26,264,045	14
Industrials	1.7%	$14,616,952	13
Consumer Defensive	1.3%	$11,320,965	9
Healthcare	0.8%	$6,926,520	8
Financial Services	0.8%	$6,745,538	13
Consumer Cyclical	0.6%	$5,553,759	6
Communication Services	0.5%	$4,717,794	6
Utilities	0.5%	$4,345,235	6
Energy	0.4%	$3,416,108	5
Basic Materials	0.1%	$577,771	2
Real Estate	0.0%	$229,824	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
IWF	iShares Russell 1000 Growth ETF	+476,590	626,345	$77,773,258
PYLD		+171,057	1,884,416	$49,974,712
VEA	Vanguard FTSE Developed Markets ETF	+83,327	1,110,314	$79,109,872
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	+43,751	575,570	$34,355,773
PHYL	PGIM Active High Yield Bond ETF	+43,320	225,923	$7,880,194
SPMD	State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF	+39,687	421,419	$28,471,067
VO	VANGUARD MID-CAP INDEX FUND	+39,351	52,902	$4,262,314
AGG	iShares Core U.S. Aggregate Bond ETF	+36,655	858,837	$85,007,686
PULS	PGIM Ultra Short Bond ETF	+19,594	56,449	$2,797,047
—		+13,526	159,634	$11,094,563
IWD	iShares Russell 1000 Value ETF	+8,763	155,500	$37,697,865
—		+7,195	223,468	$21,810,476
XJH	iShares ESG Select Screened S&P Mid-Cap ETF	+4,916	9,775	$509,766
T	At&T Inc.	+4,569	22,692	$469,724
EAGG	iShares ESG Aware U.S. Aggregate Bond ETF	+4,360	12,399	$587,836
NVDA	Nvidia Corp	+4,224	25,478	$5,097,893
NFLX	Netflix Inc	+2,972	6,191	$442,037
AOM	iShares Core 40/60 Moderate Allocation ETF	+2,181	83,370	$4,159,329
KLAC	Kla Corp	+1,875	2,184	$658,934
AAPL	Apple Inc.	+1,411	39,082	$11,308,767
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	+1,330	3,656	$1,352,866
VONG	VANGUARD RUSSELL 1000 GROWTH INDEX FUND	+967	5,481	$700,526
VZ	Verizon Communications Inc	+819	5,855	$247,900
WEC	Wec Energy Group, Inc.	+770	22,262	$2,599,533
IEFA	iShares Core MSCI EAFE ETF	+672	12,960	$1,251,676
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
MTG	Mgic Investment Corp	−13,995	15,315	$431,883
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	−8,871	4,365	$320,434
—		−7,730	3,999	$291,647
VB	Vanguard Index Funds	−7,411	199,894	$60,591,869
IVV	iShares Core S&P 500 ETF	−4,268	281,564	$210,860,463
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	−3,531	2,866	$229,194
HON	Honeywell International Inc	−2,990	2,613	$585,050
SCHD	Schwab U.S. Dividend Equity ETF	−2,072	106,722	$3,384,154
SCHX	Schwab U.S. Large-Cap ETF	−1,470	9,551	$281,085
IJR	iShares Core S&P Small-Cap ETF	−1,295	66,424	$9,851,343
USRT	iShares Core U.S. REIT ETF	−1,125	18,594	$1,235,571
UCON	First Trust Smith Unconstrained Bond ETF	−913	12,053	$299,878
LNT	Alliant Energy Corp	−905	9,805	$748,023
VEU	Vanguard International Equity Index Funds	−877	14,405	$1,206,418
PM	Philip Morris International Inc.	−786	21,001	$3,799,290
VV	VANGUARD LARGE-CAP INDEX FUND	−764	5,461	$1,878,092
DFIV	Dimensional International Value ETF	−710	18,747	$1,012,712
CAT	Caterpillar Inc	−634	4,396	$4,681,300
FISV	Fiserv Inc	−543	16,445	$806,627
ABT	Abbott Laboratories	−475	4,498	$408,148
RTX	RTX Corp	−447	2,122	$402,607
AVGO	Broadcom Inc.	−443	1,920	$725,280
SDY	State Street(R) SPDR(R) S&P(R) Dividend ETF	−439	14,589	$2,220,154
SPY	Spdr S&P 500 ETF Trust	−388	9,722	$7,260,097
XOM	ExxonMobil Holdings Corp	−384	8,028	$1,097,588
No positions match the current search.

New Positions

Positions the filer opened this quarter

21 positions

Ticker	Company	Shares	Value
IAGG	iShares Core International Aggregate Bond ETF	98,413	$4,979,697
JPIB	JPMorgan International Bond Opportunities ETF	96,621	$4,671,625
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	15,200	$1,335,776
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	3,938	$618,069
HONA	Honeywell Aerospace Inc.	2,613	$577,682
AMD	Advanced Micro Devices Inc	867	$503,648
XJR	iShares ESG Select Screened S&P Small-Cap ETF	9,484	$500,243
CRBN	iShares Low Carbon Optimized MSCI ACWI ETF	1,472	$372,371
VPU	VANGUARD UTILITIES INDEX FUND	1,864	$364,840
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	1,471	$280,254
LRCX	Lam Research Corp	621	$269,097
VBK	VANGUARD SMALL-CAP GROWTH INDEX FUND	705	$257,818
VONV	VANGUARD RUSSELL 1000 VALUE INDEX FUND	2,421	$257,376
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	2,086	$249,318
GE	General Electric Co	605	$226,106
SCHB	Schwab U.S. Broad Market ETF	7,716	$223,455
CSCO	Cisco Systems, Inc.	1,835	$215,539
MS	Morgan Stanley	1,031	$215,520
ASB	Associated Banc-Corp	6,948	$213,789
QQQ	Invesco Qqq Trust, Series 1	290	$213,556
IEI	iShares 3-7 Year Treasury Bond ETF	1,769	$207,769
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
SCHP	Schwab U.S. TIPS ETF	13,839	$368,255
MUB	iShares National Muni Bond ETF	2,537	$269,302
FIS	Fidelity National Information Services, Inc.	5,108	$239,616
COP	Conocophillips	1,736	$229,152
CEG	Constellation Energy Corp	772	$215,581
SLV	iShares Silver Trust	3,158	$215,186
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

145 tracked positions · $858,162,740 total · filing declares 149 positions · $860,229,496 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 145 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
IVV	iShares Core S&P 500 ETF	Reduced	281,564	-4,268	$210,860,463	+12.9%	26+	before history	24.57%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	858,837	+36,655	$85,007,686	+4.2%	26+	before history	9.91%
VEA	Vanguard FTSE Developed Markets ETF	Added	1,110,314	+83,327	$79,109,872	+20.2%	24	$54.66	9.22%
IWF	iShares Russell 1000 Growth ETF	Added	626,345	+476,590	$77,773,258	+21.8%	26+	before history	9.06%
VB	Vanguard Index Funds	Reduced	199,894	-7,411	$60,591,869	+11.6%	26+	before history	7.06%
PYLD		Added	1,884,416	+171,057	$49,974,712	+11.3%	7	$26.28	5.82%
IWD	iShares Russell 1000 Value ETF	Added	155,500	+8,763	$37,697,865	+20.2%	26+	before history	4.39%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Added	575,570	+43,751	$34,355,773	+19.5%	26+	before history	4.00%
SPMD	State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF	Added	421,419	+39,687	$28,471,067	+25.9%	7	$56.40	3.32%
		Added	223,468	+7,195	$21,810,476	+14.0%	19	$78.49	2.54%
AAPL	Apple Inc. Technology	Added	39,082	+1,411	$11,308,767	+18.3%	26+	before history	1.32%
		Added	159,634	+13,526	$11,094,563	+18.0%	19	unpriced	1.29%
IJR	iShares Core S&P Small-Cap ETF	Reduced	66,424	-1,295	$9,851,343	+17.0%	26+	before history	1.15%
PHYL	PGIM Active High Yield Bond ETF	Added	225,923	+43,320	$7,880,194	+24.6%	7	$35.22	0.92%
SPY	Spdr S&P 500 ETF Trust	Reduced	9,722	-388	$7,260,097	+10.4%	26+	before history	0.85%
NVDA	Nvidia Corp Technology	Added	25,478	+4,224	$5,097,893	+37.5%	24	unpriced	0.59%
IAGG	iShares Core International Aggregate Bond ETF	NEW	98,413	NEW	$4,979,697	NEW	1	unpriced	0.58%
CAT	Caterpillar Inc Industrials	Reduced	4,396	-634	$4,681,300	+31.4%	11	$513.44	0.55%
JPIB	JPMorgan International Bond Opportunities ETF	NEW	96,621	NEW	$4,671,625	NEW	1	$48.10	0.54%
FAST	Fastenal Co Industrials	Reduced	89,477	-221	$4,297,580	+3.3%	4	$45.22	0.50%
VO	VANGUARD MID-CAP INDEX FUND	Added	52,902	+39,351	$4,262,314	+9.5%	26+	before history	0.50%
AOM	iShares Core 40/60 Moderate Allocation ETF	Added	83,370	+2,181	$4,159,329	+8.1%	19	unpriced	0.48%
MSFT	Microsoft Corp Technology	Reduced	10,768	-297	$4,016,679	−1.9%	26+	before history	0.47%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	21,001	-786	$3,799,290	+5.5%	26+	before history	0.44%
SCHD	Schwab U.S. Dividend Equity ETF	Reduced	106,722	-2,072	$3,384,154	+1.4%	15	unpriced	0.39%
PULS	PGIM Ultra Short Bond ETF	Added	56,449	+19,594	$2,797,047	+53.3%	16	$49.42	0.33%
WEC	Wec Energy Group, Inc. Utilities	Added	22,262	+770	$2,599,533	+4.5%	26+	before history	0.30%
IWR	iShares Russell Mid-Cap ETF	Reduced	22,083	-318	$2,436,196	+11.9%	26+	before history	0.28%
MO	Altria Group, Inc. Consumer Defensive	Reduced	31,267	-248	$2,249,660	+8.2%	26+	before history	0.26%
SDY	State Street(R) SPDR(R) S&P(R) Dividend ETF	Reduced	14,589	-439	$2,220,154	+1.2%	26+	before history	0.26%
AMZN	Amazon Com Inc Consumer Cyclical	Added	8,917	+130	$2,125,277	+16.1%	26+	before history	0.25%
VV	VANGUARD LARGE-CAP INDEX FUND	Reduced	5,461	-764	$1,878,092	+1.0%	14	unpriced	0.22%
IWM	iShares Russell 2000 ETF	Reduced	5,792	-31	$1,740,206	+20.5%	26+	before history	0.20%
GOOG	Alphabet Inc. Communication Services	Added	4,885	+20	$1,726,017	+23.7%	19	unpriced	0.20%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	3,392	+266	$1,697,322	+13.3%	26+	before history	0.20%
WMT	Walmart Inc. Consumer Defensive	Added	14,319	+5	$1,621,769	−8.8%	26+	before history	0.19%
UNH	Unitedhealth Group Inc Healthcare	Reduced	3,571	-178	$1,484,214	+46.3%	19	$487.13	0.17%
ABBV	AbbVie Inc. Healthcare	Reduced	5,702	-186	$1,434,851	+12.0%	26+	before history	0.17%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	3,656	+1,330	$1,352,866	+81.3%	10	unpriced	0.16%
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	NEW	15,200	NEW	$1,335,776	NEW	1	$85.32	0.16%
GOOGL	Alphabet Inc. Communication Services	Added	3,541	+108	$1,265,447	+28.2%	13	$155.19	0.15%
JNJ	Johnson & Johnson Healthcare	Added	4,933	+495	$1,252,834	+15.5%	26+	before history	0.15%
IEFA	iShares Core MSCI EAFE ETF	Added	12,960	+672	$1,251,676	+12.5%	19	unpriced	0.15%
TSLA	Tesla, Inc. Consumer Cyclical	Added	2,953	+36	$1,242,031	+14.5%	24	unpriced	0.14%
USRT	iShares Core U.S. REIT ETF	Reduced	18,594	-1,125	$1,235,571	+5.9%	26+	before history	0.14%
VEU	Vanguard International Equity Index Funds	Reduced	14,405	-877	$1,206,418	+5.1%	26+	before history	0.14%
XOM	ExxonMobil Holdings Corp Energy	Reduced	8,028	-384	$1,097,588	−23.1%	26+	before history	0.13%
ETN	Eaton Corp plc Industrials	Reduced	2,478	-236	$1,055,925	+8.8%	16	$149.27	0.12%
DFIV	Dimensional International Value ETF	Reduced	18,747	-710	$1,012,712	−1.4%	20	unpriced	0.12%
MRK	Merck & Co., Inc. Healthcare	Added	7,714	+200	$991,249	+9.7%	26+	before history	0.12%

Showing the top 50 of 145 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.