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LPWM LLC

121 S 8TH STREET SUITE 1110, MINNEAPOLIS, MN 55402 • 6123385306

Q4 2025 · Filed 2026-01-06
Market Value
$396M
+5.8%
Holdings
88
+2
New Purchases
4
Added To
58
Closed
1
Reduced
18
Top 10 Concentration
69.0%
Turnover
5.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IJH 0.69% 0.36% +0.32% $3M
VXUS 0.22% 0.00% +0.22% $856K
IWM 2.48% 2.28% +0.20% $10M
SGOV 0.18% 0.00% +0.18% $700K
ABC 0.18% 0.00% +0.18% $697K
IUSB 0.46% 0.29% +0.17% $2M
IJR 0.16% 0.00% +0.16% $653K
VTV 1.77% 1.62% +0.15% $7M
IVW 0.80% 0.66% +0.14% $3M
IVE 17.62% 17.48% +0.14% $70M
VOE 1.12% 1.02% +0.09% $4M
VBR 0.21% 0.12% +0.09% $842K
VTWO 0.18% 0.10% +0.08% $718K
ITOT 0.13% 0.05% +0.08% $533K
AGG 0.98% 0.91% +0.07% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
JPST 4.11% 4.82% -0.71% $16M
VONG 20.26% 20.71% -0.45% $80M
NVDA 1.14% 1.31% -0.17% $5M
IWS 8.24% 8.40% -0.16% $33M
LQD 2.85% 2.97% -0.12% $11M
VTIP 3.44% 3.56% -0.12% $14M
VWO 3.29% 3.40% -0.11% $13M
BRK-B 1.14% 1.24% -0.10% $5M
BIL 0.75% 0.84% -0.10% $3M
VNQ 1.48% 1.57% -0.09% $6M
VNQI 1.07% 1.14% -0.08% $4M
MUB 0.55% 0.62% -0.07% $2M
XLP 0.00% 0.07% -0.07% $0
VSS 0.92% 0.95% -0.03% $4M
VGT 0.63% 0.66% -0.03% $3M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 96.3%
Technology 2.0%
Consumer Cyclical 0.6%
Communication Services 0.6%
Healthcare 0.2%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 23 $38M 9.7%
Large Cap 53 $332M 83.6%
Mid Cap 10 $22M 5.5%
Small Cap 2 $5M 1.3%

Portfolio Analytics

Avg Market Cap
$478.9B
Median Market Cap
$71.4B
Avg P/E
48.3
Median P/E
28.9
Avg Dividend Yield
0.01%
Avg Beta
0.98
# Stocks
20
# ETFs / Funds
68

Top Holdings (88 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VONG 20.26% 659,713 $80M $121.75 $3M +15,390 +2.4%
2 IVE 17.62% 329,407 $70M $212.07 $4M +12,135 +3.8%
3 IWS 8.24% 231,561 $33M $141.05 $1M +6,253 +2.8%
4 IEFA 4.43% 196,192 $18M $89.46 $861K +5,031 +2.6%
5 JPST 4.11% 321,899 $16M $50.59 -$2M -34,266 -9.6%
6 VTIP 3.44% 275,811 $14M $49.46 $294K +12,184 +4.6%
7 VWO 3.29% 242,904 $13M $53.76 $315K +7,698 +3.3%
8 LQD 2.85% 102,504 $11M $110.19 $166K +2,668 +2.7%
9 IWM 2.48% 39,923 $10M $246.16 $1M +4,548 +12.9%
10 SLYV 2.32% 100,943 $9M $90.97 $477K +2,744 +2.8%
11 VTV 1.77% 36,790 $7M $190.99 $960K +4,259 +13.1%
12 VNQ 1.48% 66,439 $6M $88.49 -$12K +2,001 +3.1%
13 VONE 1.25% 16,052 $5M $309.04 $223K +381 +2.4%
14 EELV 1.24% 179,130 $5M $27.43 $217K +2,677 +1.5%
15 IWR 1.19% 49,147 $5M $96.27 $246K +2,693 +5.8%
16 JMST 1.18% 91,984 $5M $50.94 $202K +4,138 +4.7%
17 BRK-B 1.14% 9,018 $5M $502.65 -$118K -233 -2.5%
18 NVDA 1.14% 24,269 $5M $186.50 -$373K -1,988 -7.6%
19 VOE 1.12% 24,966 $4M $177.37 $589K +2,973 +13.5%
20 VNQI 1.07% 92,172 $4M $45.84 -$66K +2,285 +2.5%
21 AGG 0.98% 38,925 $4M $99.88 $460K +4,735 +13.8%
22 VSS 0.92% 25,435 $4M $143.33 $88K +478 +1.9%
23 VEA 0.89% 56,433 $4M $62.47 $297K +2,556 +4.7%
24 VTEB 0.85% 66,917 $3M $50.29 $109K +1,890 +2.9%
25 IVW 0.80% 25,850 $3M $123.26 $716K +5,391 +26.4%
26 BIL 0.75% 32,480 $3M $91.38 -$196K -2,010 -5.8%
27 IJH 0.69% 41,165 $3M $66.00 $1M +20,449 +98.7%
28 VGT 0.63% 3,324 $3M $753.78 $41K +23 +0.7%
29 VTI 0.59% 6,991 $2M $335.29 $117K +204 +3.0%
30 MUB 0.55% 20,276 $2M $107.11 -$138K -1,412 -6.5%
31 AVGO 0.50% 5,779 $2M $346.12 $195K +308 +5.6%
32 VONV 0.47% 20,085 $2M $92.30 $62K +41 +0.2%
33 IUSB 0.46% 39,030 $2M $46.54 $722K +15,600 +66.6%
34 AMZN 0.45% 7,643 $2M $230.83 $255K +772 +11.2%
35 XLK 0.43% 11,836 $2M $143.97 $104K +6,159 +108.5%
36 IEMG 0.42% 24,996 $2M $67.22 $207K +2,654 +11.9%
37 VOO 0.41% 2,588 $2M $627.13 $148K +180 +7.5%
38 GOOGL 0.35% 4,435 $1M $313.02 $286K -100 -2.2%
39 QUAL 0.34% 6,817 $1M $198.63 $133K +540 +8.6%
40 VUG 0.31% 2,509 $1M $487.90 $26K +12 +0.5%
41 AAPL 0.27% 3,923 $1M $271.88 $103K +139 +3.7%
42 VOX 0.25% 5,084 $984K $193.62 -$32K -331 -6.1%
43 XLV 0.24% 6,161 $954K $154.80 $251K +1,108 +21.9%
44 TSLA 0.24% 2,094 $942K $449.65 $7K -7 -0.3%
45 GOOG 0.23% 2,904 $911K $313.75 $279K +310 +11.9%
46 MSFT 0.22% 1,775 $858K $483.65 $180K +465 +35.5%
47 VXUS 0.22% 11,347 $856K $75.44 +11,347 NEW
48 VBR 0.21% 3,978 $842K $211.78 $379K +1,758 +79.2%
49 VV 0.21% 2,591 $816K $314.80 $22K +13 +0.5%
50 UNH 0.20% 2,443 $806K $330.11 $88K +362 +17.4%
51 XLE 0.20% 18,021 $806K $44.71 -$16K +8,828 +96.0%
52 VXF 0.19% 3,521 $736K $209.12 $5K +28 +0.8%
53 VHT 0.18% 2,513 $723K $287.85 -$52K -472 -15.8%
54 VTWO 0.18% 7,214 $718K $99.52 $351K +3,461 +92.2%
55 SGOV 0.18% 6,975 $700K $100.38 +6,975 NEW
56 QQQ 0.18% 1,138 $699K $614.23 $7K -15 -1.3%
57 ABC 0.18% 2,063 $697K $337.81 +2,063 NEW
58 IWB 0.17% 1,798 $671K $373.44 $14K
59 ICVT 0.17% 6,775 $667K $98.50 -$6K +43 +0.6%
60 IJR 0.16% 5,435 $653K $120.18 +5,435 NEW
61 IYF 0.16% 4,871 $628K $128.93 $22K +86 +1.8%
62 EMXC 0.16% 8,624 $627K $72.68 $94K +730 +9.2%
63 VB 0.15% 2,354 $607K $257.95 $81K +284 +13.7%
64 SPY 0.15% 852 $581K $681.92 $13K
65 IWF 0.15% 1,220 $577K $473.30 $109K +220 +22.0%
66 ITOT 0.13% 3,585 $533K $148.70 $328K +2,175 +154.3%
67 MMM 0.13% 3,169 $507K $160.08 $16K
68 META 0.12% 693 $457K $660.09 $126K +242 +53.7%
69 ITA 0.11% 1,966 $422K $214.74 $11K +2 +0.1%
70 PHO 0.10% 5,898 $415K $70.41 $20K +415 +7.6%
71 VCR 0.10% 1,042 $410K $393.92 -$50K -120 -10.3%
72 XLC 0.09% 3,074 $362K $117.72 -$2K
73 JPM 0.09% 1,060 $342K $322.22 $7K
74 CRWD 0.08% 717 $336K $468.76 $26K +84 +13.3%
75 DELL 0.08% 2,571 $324K $125.88 -$42K -5 -0.2%
76 V 0.08% 897 $314K $350.58 $95K +254 +39.5%
77 ECL 0.08% 1,188 $312K $262.52 -$13K
78 TIP 0.08% 2,741 $301K $109.91 -$38K -308 -10.1%
79 SCZ 0.06% 3,317 $257K $77.53 $3K
80 VEU 0.06% 3,421 $252K $73.56 $8K +11 +0.3%
81 PM 0.06% 1,500 $241K $160.40 -$4K -9 -0.6%
82 VO 0.06% 816 $237K $290.22 $947 +13 +1.6%
83 IGV 0.06% 2,095 $221K $105.69 -$40K -180 -7.9%
84 ICLN 0.06% 13,468 $221K $16.43 -$39K -3,335 -19.9%
85 XLRE 0.05% 5,144 $208K $40.35 $5K +329 +6.8%
86 VT 0.05% 1,424 $201K $141.05 -$4K -61 -4.1%
87 ENVX 0.03% 15,910 $116K $7.31 -$52K -1,004 -5.9%
88 XLP —% -$254K -3,245 -100.0% SOLD

New Positions

SymbolValue% Port
VXUS $856K 0.22%
SGOV $700K 0.18%
ABC $697K 0.18%
IJR $653K 0.16%

Sold Out Positions

SymbolValue% Port
XLP —%
View SEC EDGAR Filings for LPWM LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms