Morningstar Investment Services LLC

CIK 1478215 · View on SEC EDGAR ↗

Portfolio value: $546K
Positions: 134
As of: March 31, 2025 Data as of Q1 2025

Portfolio value QoQ: -50.4% 13F does not disclose cash

Top 10 holdings weight: 46.90%
Top 25 holdings weight: 64.54%
Positions above 1%: 21
Effective number of positions: 23.1

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q1 2025: 3.53% Est. buys $29,023 · sells $587,059

New positions: 5
Increased: 0
Decreased: 129
Closed: 16

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Sector breakdown How the portfolio splits across market sectors.
Portfolio Every stock this institution reports holding, from its latest 13F.
Biggest new bets Brand-new positions opened in the latest quarter.
Top moves The biggest position increases and decreases this quarter.
Exited positions Positions the manager fully sold out of last quarter.

Sector breakdown

Health Care

7.4%

Technology

7.1%

Communication Services

5.8%

Financial Services

5.4%

Financials

3.4%

Consumer Discretionary

3.0%

Retail

2.8%

Consumer Staples

2.6%

Energy

2.2%

Utilities

1.3%

Industrials

1.3%

Materials

1.0%

Real Estate

0.8%

Telecommunication

0.3%

Logistics & Transportation

0.2%

Other/Unmapped

55.5%

Full portfolio 134 positions

					Streak
VTI	$77,314	14.16%	281,306	$-65,313	Down ×1
BND Vanguard Total Bond Market ETF	$58,776	10.77%	800,224	$-70,080	Down ×1
VEA	$33,309	6.10%	655,294	$-23,743	Down ×1
VCRB Vanguard Core Bond ETF	$23,021	4.22%	297,313		Up ×1
VGIT Vanguard Intermediate-Term Treasury ETF	$15,536	2.85%	261,544	$-5,671	Down ×1
VWO	$10,681	1.96%	235,987	$-9,601	Down ×1
META Meta Platforms, Inc. - Class A Common Stock	$10,391	1.90%	18,028	$-14,158	Down ×1
VMBS Vanguard Mortgage-Backed Securities ETF	$9,145	1.67%	197,477	$-12,631	Down ×1
MSFT Microsoft Corporation - Common Stock	$9,074	1.66%	24,172	$-10,459	Down ×1
BKNG Booking Holdings Inc. - Common Stock	$8,835	1.62%	1,918	$-12,848	Down ×1
BRKB	$8,562	1.57%	16,077	$-7,168	Down ×1
SCHW Charles Schwab Corporation (The) Common Stock	$8,286	1.52%	105,850	$-9,310	Down ×1
SPSM	$7,358	1.35%	180,530	$-969	Down ×1
PM Philip Morris International Inc Common Stock	$7,236	1.33%	45,585	$-3,670	Down ×1
JPM JP Morgan Chase & Co. Common Stock	$7,209	1.32%	29,387	$-7,387	Down ×1
MOAT	$6,795	1.24%	77,211	$-2,701	Down ×1
V Visa Inc.	$6,526	1.20%	18,623	$-7,109	Down ×1
AMZN Amazon.com, Inc. - Common Stock	$6,131	1.12%	32,222	$-11,274	Down ×1
ELV Elevance Health, Inc. Common Stock	$6,082	1.11%	13,982	$-4,891	Down ×1
WFC Wells Fargo & Company Common Stock	$6,068	1.11%	84,523	$-6,382	Down ×1
KMX CarMax Inc	$5,506	1.01%	70,668	$-7,313	Down ×1
GOOGL Alphabet Inc. - Class A Common Stock	$5,363	0.98%	34,683	$-11,085	Down ×1
CMCSA Comcast Corporation - Class A Common Stock	$5,092	0.93%	138,002	$-5,407	Down ×1
SBUX Starbucks Corporation - Common Stock	$5,082	0.93%	51,808	$-6,367	Down ×1
MA Mastercard Incorporated Common Stock	$5,029	0.92%	9,175	$-7,039	Down ×1
BDX Becton, Dickinson and Company Common Stock	$4,875	0.89%	21,282	$-4,875	Down ×1
BSV	$4,606	0.84%	58,842	$-12,859	Down ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd.	$4,592	0.84%	27,663	$-8,906	Down ×1
USHY	$4,268	0.78%	115,938	$-3,783	Down ×1
MDT Medtronic plc. Ordinary Shares	$4,196	0.77%	46,699	$-3,515	Down ×1
GOOG Alphabet Inc. - Class C Capital Stock	$4,089	0.75%	26,175	$-5,198	Down ×1
XOM Exxon Mobil Corporation Common Stock	$4,087	0.75%	34,363	$-3,641	Down ×1
CHKP Check Point Software Technologies Ltd. - Ordinary Shares	$4,060	0.74%	17,813	$-4,291	Down ×1
APD Air Products and Chemicals, Inc. Common Stock	$3,959	0.73%	13,422	$-5,451	Down ×1
IQV IQVIA Holdings, Inc. Common Stock	$3,939	0.72%	22,343	$-6,806	Down ×1
VTEB	$3,916	0.72%	78,929	$-3,386	Down ×1
SCHB	$3,772	0.69%	175,180	$-2,635	Down ×1
ENB Enbridge Inc Common Stock	$3,632	0.67%	82,024	$-3,943	Down ×1
COR Cencora, Inc. Common Stock	$3,556	0.65%	12,787	$-3,547	Down ×1
DIS Walt Disney Company (The) Common Stock	$3,502	0.64%	35,485	$-6,081	Down ×1
FISV Fiserv, Inc. - Common Stock	$3,117	0.57%	14,113	$-3,780	Down ×1
ORCL Oracle Corporation Common Stock	$2,953	0.54%	21,118	$-5,609	Down ×1
ETR Entergy Corporation Common Stock	$2,923	0.54%	34,190	$-2,970	Down ×1
QCOM QUALCOMM Incorporated - Common Stock	$2,857	0.52%	18,601	$-3,969	Down ×1
CRM Salesforce, Inc. Common Stock	$2,777	0.51%	10,348	$-5,832	Down ×1
COP ConocoPhillips Common Stock	$2,729	0.50%	25,988	$-983	Down ×1
ADBE Adobe Inc. - Common Stock	$2,710	0.50%	7,066	$-4,833	Down ×1
DEO Diageo plc Common Stock	$2,699	0.49%	25,758	$-5,241	Down ×1
IXUS iShares Core MSCI Total International Stock ETF	$2,587	0.47%	37,060	$-1,860	Down ×1
ULXXXX	$2,583	0.47%	43,375	$-2,067	Down ×1
EBAY eBay Inc. - Common Stock	$2,555	0.47%	37,724	$-2,264	Down ×1
FHLC	$2,542	0.47%	37,214		Up ×1
IUSB iShares Core Universal USD Bond ETF	$2,464	0.45%	53,475	$-2,883	Down ×1
AMAT Applied Materials, Inc. - Common Stock	$2,409	0.44%	16,600	$-1,790	Down ×1
ADSK Autodesk, Inc. - Common Stock	$2,388	0.44%	9,122	$-4,331	Down ×1
BK The Bank of New York Mellon Corporation Common Stock	$2,388	0.44%	28,472	$-1,980	Down ×1
GD General Dynamics Corporation Common Stock	$2,386	0.44%	8,752	$-1,036	Down ×1
BLK BlackRock, Inc. Common Stock	$2,379	0.44%	2,514	$-3,286	Down ×1
FLGB	$2,363	0.43%	82,460	$-1,574	Down ×1
NVS Novartis AG Common Stock	$2,341	0.43%	20,997	$-1,526	Down ×1
MCHI iShares MSCI China ETF	$2,338	0.43%	42,980	$-1,383	Down ×1
OMC Omnicom Group Inc. Common Stock	$2,333	0.43%	28,135	$-2,770	Down ×1
ILF	$2,290	0.42%	97,252		Up ×1
LAMR Lamar Advertising Company - Class A Common Stock	$2,218	0.41%	19,496	$-3,135	Down ×1
SNY Sanofi - American Depositary Shares	$2,200	0.40%	39,670	$-1,410	Down ×1
GSK GSK plc American Depositary Shares (Each representing two Ordinary Shares)	$2,152	0.39%	55,546	$-1,958	Down ×1
ADI Analog Devices, Inc. - Common Stock	$2,138	0.39%	10,599	$-2,190	Down ×1
AMT American Tower Corporation (REIT) Common Stock	$2,112	0.39%	9,708	$-1,734	Down ×1
VFH	$2,069	0.38%	17,321	$-1,998	Down ×1
UNH UnitedHealth Group Incorporated Common Stock (DE)	$2,045	0.37%	3,904	$-2,937	Down ×1
KO Coca-Cola Company (The) Common Stock	$1,915	0.35%	26,740	$-1,849	Down ×1
MCK McKesson Corporation Common Stock	$1,904	0.35%	2,829	$-1,211	Down ×1
DUK Duke Energy Corporation (Holding Company) Common Stock	$1,749	0.32%	14,339	$-1,718	Down ×1
VWOB Vanguard Emerging Markets Government Bond ETF	$1,701	0.31%	26,498	$-4,979	Down ×1
LYG Lloyds Banking Group Plc American Depositary Shares	$1,664	0.30%	435,473	$-1,092	Down ×1
TFC Truist Financial Corporation Common Stock	$1,603	0.29%	38,963	$-2,227	Down ×1
AMGN Amgen Inc. - Common Stock	$1,586	0.29%	5,091	$-1,398	Down ×1
SCHP	$1,563	0.29%	58,144	$-2,953	Down ×1
WEC WEC Energy Group, Inc. Common Stock	$1,527	0.28%	14,011	$-1,472	Down ×1
VZ Verizon Communications Inc. Common Stock	$1,511	0.28%	33,319	$-1,204	Down ×1
GPC Genuine Parts Company Common Stock	$1,508	0.28%	12,656	$-1,843	Down ×1
FNDE	$1,473	0.27%	47,833	$-833	Down ×1
VEEV Veeva Systems Inc. Class A Common Stock	$1,411	0.26%	6,092	$-1,765	Down ×1
JMUB	$1,406	0.26%	28,124	$-1,183	Down ×1
PFE Pfizer, Inc. Common Stock	$1,338	0.25%	52,792	$-1,684	Down ×1
BAC Bank of America Corporation Common Stock	$1,336	0.24%	32,012	$-1,402	Down ×1
RTX RTX Corporation Common Stock	$1,325	0.24%	10,002	$-825	Down ×1
ECL Ecolab Inc. Common Stock	$1,312	0.24%	5,174	$-1,698	Down ×1
VO	$1,260	0.23%	4,871	$-7,289	Down ×1
UPS United Parcel Service, Inc. Common Stock	$1,222	0.22%	11,107	$-1,891	Down ×1
IVV	$1,211	0.22%	2,155	$-2,133	Down ×1
VDC	$1,209	0.22%	5,524	$-961	Down ×1
HII Huntington Ingalls Industries, Inc. Common Stock	$1,196	0.22%	5,862	$-1,153	Down ×1
FIS Fidelity National Information Services, Inc. Common Stock	$1,115	0.20%	14,932	$-1,613	Down ×1
TXN Texas Instruments Incorporated - Common Stock	$1,101	0.20%	6,127	$-1,445	Down ×1
EIX Edison International Common Stock	$1,055	0.19%	17,901	$-2,166	Down ×1
FSTA	$1,008	0.18%	19,714	$-2,243	Down ×1
MUB	$990	0.18%	9,385	$-874	Down ×1
PEP PepsiCo, Inc. - Common Stock	$938	0.17%	6,258	$-855	Down ×1
ALLE Allegion plc Ordinary Shares	$874	0.16%	6,701	$-521	Down ×1
No matches

Biggest new bets

New positions opened this quarter, largest first.

Security	Value	Shares	% of portfolio
VCRB	$23,021	297,313	4.22%
FHLC	$2,542	37,214	0.47%
ILF	$2,290	97,252	0.42%
EWY	$766	14,167	0.14%
CASY	$404	931	0.07%

Top movers (QoQ)

Security	Action	Shares Δ	Value Δ
BND	Trimmed	-992K	-$70K
VTI	Trimmed	-211K	-$65K
VEA	Trimmed	-538K	-$24K
META	Trimmed	-24K	-$14K
BSV	Trimmed	-167K	-$13K
BKNG	Trimmed	-2K	-$13K
VMBS	Trimmed	-283K	-$13K
AMZN	Trimmed	-47K	-$11K
GOOGL	Trimmed	-52K	-$11K
MSFT	Trimmed	-22K	-$10K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

Security	Quarter	Shares before	Value before	Price since exit
VTV	March 31, 2025	52,685	$8,920	No longer tracked
SLYV	March 31, 2025	85,468	$7,457	No longer tracked
EFV	March 31, 2025	125,022	$6,560	No longer tracked
SPY	March 31, 2025	2,823	$1,655	No longer tracked
EXPE	March 31, 2025	1,954	$364	91.4%
MAS	March 31, 2025	4,511	$327	5.9%
ZBH	March 31, 2025	2,735	$289	-12.2%
TIGO	March 31, 2025	10,639	$266	201.9%
ACN	March 31, 2025	671	$236	-41.5%
FTRE	March 31, 2025	12,347	$230	137.9%
IJR	March 31, 2025	1,974	$227	No longer tracked
PNC	March 31, 2025	1,174	$226	38.8%
AVGO	March 31, 2025	968	$225	122.6%
HBAN	March 31, 2025	12,688	$206	14.3%
CMP	March 31, 2025	13,980	$157	174.3%
ABEV	March 31, 2025	61,585	$114	22.7%