INVESTMENT PARTNERS, LTD. Q2 2025 Filing

Filed August 8, 2025

Portfolio Value

$264.2M

Holdings

158

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (158 positions)

#	Stock	Shares	Value	% Portfolio
1	IWFISHARES TR	36,184	$15.4M	5.81%
2	VEAVANGUARD TAX-MANAGED FDS	251,120	$14.3M	5.42%
3	IWDISHARES TR	57,861	$11.2M	4.25%
4	MSFTMICROSOFT CORP	20,924	$10.4M	3.94%
5	VWOVANGUARD INTL EQUITY INDEX F	153,169	$7.6M	2.87%
6	NVDANVIDIA CORPORATION	47,332	$7.5M	2.83%
7	AAPLAPPLE INC	34,586	$7.1M	2.69%
8	VIGVANGUARD SPECIALIZED FUNDS	30,254	$6.2M	2.34%
9	IVWISHARES TR	53,746	$5.9M	2.24%
10	BSVVANGUARD BD INDEX FDS	73,262	$5.8M	2.18%
11	IWPISHARES TR	40,415	$5.6M	2.12%
12	JPMJPMORGAN CHASE & CO.	18,093	$5.2M	1.99%
13	AQLTISHARES TR	62,251	$5.2M	1.97%
14	IGSBISHARES TR	97,638	$5.2M	1.95%
15	IWSISHARES TR	37,639	$5.0M	1.88%
16	LLYELI LILLY & CO	6,300	$4.9M	1.86%
17	IVEISHARES TR	23,703	$4.6M	1.75%
18	SHYGISHARES TR	107,104	$4.6M	1.75%
19	EFAISHARES TR	47,812	$4.3M	1.62%
20	USMVISHARES TR	36,318	$3.4M	1.29%
21	ORCLORACLE CORP	14,892	$3.3M	1.23%
22	ABBVABBVIE INC	17,304	$3.2M	1.22%
23	XLUSELECT SECTOR SPDR TR	39,091	$3.2M	1.21%
24	IVVISHARES TR	4,950	$3.1M	1.16%
25	BRK/BBERKSHIRE HATHAWAY INC DEL	5,655	$2.7M	1.04%
26	IWNISHARES TR	17,286	$2.7M	1.03%
27	IAGGISHARES TR	51,315	$2.6M	0.99%
28	VOVANGUARD INDEX FDS	9,335	$2.6M	0.99%
29	MUBISHARES TR	24,835	$2.6M	0.98%
30	IWOISHARES TR	8,701	$2.5M	0.94%
31	IBITISHARES BITCOIN TRUST ETF	37,447	$2.3M	0.87%
32	AEPAMERICAN ELEC PWR CO INC	21,130	$2.2M	0.83%
33	ADPAUTOMATIC DATA PROCESSING IN	7,094	$2.2M	0.83%
34	SDYSPDR SERIES TRUST	15,509	$2.1M	0.80%
35	COSTCOSTCO WHSL CORP NEW	2,122	$2.1M	0.80%
36	SPDWSPDR INDEX SHS FDS	49,969	$2.0M	0.77%
37	WMTWALMART INC	19,706	$1.9M	0.73%
38	VIGIVANGUARD WHITEHALL FDS	21,263	$1.9M	0.73%
39	PREFPRINCIPAL EXCHANGE TRADED FD	99,541	$1.9M	0.71%
40	VNQVANGUARD INDEX FDS	20,465	$1.8M	0.69%
41	IJHISHARES TR	28,927	$1.8M	0.68%
42	MCDMCDONALDS CORP	6,054	$1.8M	0.67%
43	AMZNAMAZON COM INC	7,783	$1.7M	0.65%
44	XOMEXXON MOBIL CORP	15,585	$1.7M	0.64%
45	GQ9SPDR GOLD TR	5,386	$1.6M	0.62%
46	VVISA INC	4,599	$1.6M	0.62%
47	HDHOME DEPOT INC	4,431	$1.6M	0.61%
48	HDEFDBX ETF TR	56,077	$1.6M	0.61%
49	VBVANGUARD INDEX FDS	6,656	$1.6M	0.60%
50	PEPPEPSICO INC	11,571	$1.5M	0.58%
51	NDQINVESCO QQQ TR	2,749	$1.5M	0.57%
52	DGROISHARES TR	22,304	$1.4M	0.54%
53	CATCATERPILLAR INC	3,669	$1.4M	0.54%
54	SLVISHARES SILVER TR	42,900	$1.4M	0.53%
55	GOOGALPHABET INC	7,370	$1.3M	0.49%
56	PGPROCTER AND GAMBLE CO	8,023	$1.3M	0.48%
57	XMPTVANECK ETF TRUST	53,245	$1.1M	0.42%
58	HBANHUNTINGTON BANCSHARES INC	65,604	$1.1M	0.42%
59	CVXCHEVRON CORP NEW	7,655	$1.1M	0.41%
60	GOOGLALPHABET INC	6,203	$1.1M	0.41%
61	PLTRPALANTIR TECHNOLOGIES INC	7,774	$1.1M	0.40%
62	IBMINTERNATIONAL BUSINESS MACHS	3,306	$975K	0.37%
63	KOCOCA COLA CO	13,572	$960K	0.36%
64	LMTLOCKHEED MARTIN CORP	2,042	$946K	0.36%
65	EFAVISHARES TR	10,946	$920K	0.35%
66	CSCOCISCO SYS INC	12,869	$893K	0.34%
67	XLFSELECT SECTOR SPDR TR	16,825	$881K	0.33%
68	CRWDCROWDSTRIKE HLDGS INC	1,670	$851K	0.32%
69	SDVYFIRST TR EXCHANGE-TRADED FD	24,046	$848K	0.32%
70	XLISELECT SECTOR SPDR TR	5,610	$828K	0.31%
71	BACVERIZON COMMUNICATIONS INC	19,083	$826K	0.31%
72	JNJJOHNSON & JOHNSON	5,385	$823K	0.31%
73	ABTABBOTT LABS	5,996	$815K	0.31%
74	ASMLASML HOLDING N V	991	$794K	0.30%
75	SPYSPDR S&P 500 ETF TR	1,281	$791K	0.30%
76	HDVISHARES TR	6,599	$773K	0.29%
77	XLESELECT SECTOR SPDR TR	9,060	$768K	0.29%
78	VSSVANGUARD INTL EQUITY INDEX F	5,685	$764K	0.29%
79	IWMISHARES TR	3,426	$739K	0.28%
80	SUBISHARES TR	6,803	$723K	0.27%
81	TSMTAIWAN SEMICONDUCTOR MFG LTD	3,102	$703K	0.27%
82	XLBSELECT SECTOR SPDR TR	7,725	$678K	0.26%
83	HYDVANECK ETF TRUST	13,213	$663K	0.25%
84	DISDISNEY WALT CO	5,268	$653K	0.25%
85	ENBENBRIDGE INC	14,153	$641K	0.24%
86	GDGENERAL DYNAMICS CORP	2,085	$608K	0.23%
87	GSGOLDMAN SACHS GROUP INC	851	$602K	0.23%
88	TSLATESLA INC	1,883	$598K	0.23%
89	ISRGINTUITIVE SURGICAL INC	1,084	$589K	0.22%
90	GILDGILEAD SCIENCES INC	5,293	$587K	0.22%
91	BMYBRISTOL-MYERS SQUIBB CO	12,591	$583K	0.22%
92	TMOTHERMO FISHER SCIENTIFIC INC	1,388	$563K	0.21%
93	RSPINVESCO EXCHANGE TRADED FD T	3,030	$551K	0.21%
94	VONVVANGUARD SCOTTSDALE FDS	6,334	$540K	0.20%
95	XLFISELECT SECTOR SPDR TR	6,641	$538K	0.20%
96	DNPDNP SELECT INCOME FD INC	54,318	$532K	0.20%
97	NOCNORTHROP GRUMMAN CORP	1,047	$524K	0.20%
98	HONHONEYWELL INTL INC	2,151	$501K	0.19%
99	VSTVISTRA CORP	2,552	$495K	0.19%
100	SPYVSPDR SERIES TRUST	9,002	$471K	0.18%

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