Ellenbecker Investment Group
Long book
$742.9M
Q1 2026
Positions
134
Top-10 weight
81%
concentration
Last quarter
+11.0%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsEllenbecker Investment Group is a wealth-management firm allocating client money, running a $742.9M US long book across 134 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ISHARES CORE S&P 500 ETF, ISHARES CORE U.S. AGGREGATE, VANGUARD FTSE DEVELOPED ETF, ISHARES RUSSELL 1000 GROWTH, VANGUARD SMALL-CAP ETF.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.4%
Q2 2024
+7.0%
Q3 2024
+1.0%
Q4 2024
-2.9%
Q1 2025
+8.2%
Q2 2025
+6.8%
Q3 2025
+2.0%
Q4 2025
-1.7%
Q1 2026
+11.0%
Sector allocation
Technology 31%
Consumer discretionary 14%
Industrials 12%
Consumer staples 10%
Utilities 8%
Financials 7%
Healthcare 7%
Services media 4%
Long book by quarter
What does Ellenbecker Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 37.7K | $9.6M | 1.3% | -2.6% |
| FAST FASTENAL CO | Consumer discretionary | 89.7K | $4.2M | 0.6% | +574.6% |
| MSFT MICROSOFT CORP | Technology | 11.1K | $4.1M | 0.6% | +1.5% |
| NVDA NVIDIA CORP | Technology | 21.3K | $3.7M | 0.5% | +3.1% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 21.8K | $3.6M | 0.5% | -4.8% |
| CAT CATERPILLAR INC | Industrials | 5.0K | $3.6M | 0.5% | -8.4% |
| WEC WEC ENERGY GROUP INC | Utilities | 21.5K | $2.5M | 0.3% | +0.8% |
| MO ALTRIA GROUP INC | Consumer staples | 31.5K | $2.1M | 0.3% | -4.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 8.8K | $1.8M | 0.2% | -0.9% |
| WMT WALMART INC | Consumer discretionary | 14.3K | $1.8M | 0.2% | -1.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 3.1K | $1.5M | 0.2% | Held |
| XOM EXXON MOBIL CORP | Energy | 8.4K | $1.4M | 0.2% | +0.5% |
| GOOG ALPHABET INC-CL C | Technology | 4.9K | $1.4M | 0.2% | +7.4% |
| ABBV ABBVIE INC | Healthcare | 5.9K | $1.3M | 0.2% | +5.0% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 5.6K | $1.3M | 0.2% | +2.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 4.4K | $1.1M | 0.1% | +2.7% |
| TSLA TESLA INC | Industrials | 2.9K | $1.1M | 0.1% | +0.4% |
| UNH UNITEDHEALTH GROUP INC | Financials | 3.7K | $1.0M | 0.1% | +1.2% |
| PEP PEPSICO INC | Consumer staples | 6.4K | $991K | 0.1% | +14.1% |
| GOOGL ALPHABET INC-CL A | Technology | 3.4K | $987K | 0.1% | +6.1% |
| ETN EATON CORP PLC | Industrials | 2.7K | $971K | 0.1% | -3.5% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 25.4K | $960K | 0.1% | +0.2% |
| FISV FISERV INC | Services media | 17.0K | $948K | 0.1% | -1.8% |
| MRK MERCK & CO. INC. | Healthcare | 7.5K | $904K | 0.1% | +8.1% |
| MTG MGIC INVESTMENT CORP | Financials | 29.3K | $769K | 0.1% | +49.5% |
| LNT ALLIANT ENERGY CORP | Utilities | 10.7K | $769K | 0.1% | +22.2% |
| CVX CHEVRON CORP | Energy | 3.7K | $762K | 0.1% | +4.2% |
| SYY SYSCO CORP | Consumer discretionary | 10.4K | $742K | 0.1% | Held |
| AVGO BROADCOM INC | Technology | 2.4K | $732K | 0.1% | +7.1% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 3.0K | $731K | 0.1% | -5.1% |
| V VISA INC-CLASS A SHARES | Services media | 2.4K | $721K | 0.1% | +11.6% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 1 | $718K | 0.1% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 2.2K | $716K | 0.1% | +4.6% |
| LLY ELI LILLY & CO | Healthcare | 748 | $689K | 0.1% | -4.0% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 2.0K | $651K | 0.1% | +0.2% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 615 | $613K | 0.1% | +3.7% |
| BMO BANK OF MONTREAL | Financials | 4.5K | $610K | 0.1% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 1.1K | $605K | 0.1% | -13.9% |
| ROK ROCKWELL AUTOMATION INC | Other | 1.6K | $587K | 0.1% | +0.1% |
| T AT&T INC | Communications | 18.1K | $525K | 0.1% | -3.4% |
| KMI KINDER MORGAN INC | Utilities | 15.7K | $525K | 0.1% | +1.7% |
| KO COCA-COLA CO/THE | Consumer staples | 6.7K | $513K | 0.1% | Held |
| ABT ABBOTT LABORATORIES | Healthcare | 5.0K | $511K | 0.1% | -8.0% |
| RTX RTX CORP | Industrials | 2.6K | $496K | 0.1% | +7.0% |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 3.7K | $484K | 0.1% | Held |
| ORCL ORACLE CORP | Technology | 3.3K | $482K | 0.1% | +6.0% |
| MCD MCDONALD'S CORP | Consumer discretionary | 1.5K | $473K | 0.1% | +6.3% |
| KLAC KLA CORP | Other | 309 | $456K | 0.1% | +13.6% |
| BMI BADGER METER INC | Technology | 2.7K | $413K | 0.1% | Held |
| ADI ANALOG DEVICES INC | Technology | 1.2K | $388K | 0.1% | +26.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 23, 2026 | 134 | $742.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 30, 2026 | 132 | $714.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 14, 2025 | 128 | $677.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 22, 2025 | 119 | $619.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 15, 2025 | 112 | $556.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 13, 2025 | 112 | $559.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 17, 2024 | 109 | $529.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 11, 2024 | 117 | $496.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 9, 2024 | 105 | $476.2M | canonical | SEC ↗ |