INVESTMENT PARTNERS, LTD. Q4 2025 Filing

Filed February 10, 2026

Portfolio Value

$285.7M

Holdings

149

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (149 positions)

#	Stock	Shares	Value	% Portfolio
1	IWFISHARES TR	35,869	$17.0M	5.94%
2	VEAVANGUARD TAX-MANAGED FDS	267,283	$16.7M	5.84%
3	IWDISHARES TR	56,816	$11.9M	4.18%
4	MSFTMICROSOFT CORP	20,378	$9.9M	3.45%
5	AAPLAPPLE INC	35,315	$9.6M	3.36%
6	NVDANVIDIA CORPORATION	47,094	$8.8M	3.07%
7	VWOVANGUARD INTL EQUITY INDEX F	157,809	$8.5M	2.97%
8	VIGVANGUARD SPECIALIZED FUNDS	30,528	$6.7M	2.35%
9	BSVVANGUARD BD INDEX FDS	84,871	$6.7M	2.34%
10	IVWISHARES TR	53,750	$6.6M	2.32%
11	LLYELI LILLY & CO	5,737	$6.2M	2.16%
12	IGSBISHARES TR	112,968	$6.0M	2.09%
13	IWPISHARES TR	43,240	$5.9M	2.07%
14	JPMJPMORGAN CHASE & CO.	17,311	$5.6M	1.95%
15	AQLTISHARES TR	61,743	$5.5M	1.93%
16	IWSISHARES TR	38,562	$5.4M	1.90%
17	SHYGISHARES TR	125,222	$5.4M	1.88%
18	IVEISHARES TR	23,709	$5.0M	1.76%
19	EFAISHARES TR	41,732	$4.0M	1.40%
20	IVVISHARES TR	5,131	$3.5M	1.23%
21	USMVISHARES TR	36,432	$3.4M	1.20%
22	XLUSELECT SECTOR SPDR TR	78,360	$3.3M	1.17%
23	IWNISHARES TR	17,633	$3.2M	1.12%
24	IAGGISHARES TR	60,270	$3.0M	1.05%
25	ORCLORACLE CORP	14,830	$2.9M	1.01%
26	IWOISHARES TR	8,746	$2.8M	0.99%
27	SLVISHARES SILVER TR	42,900	$2.8M	0.97%
28	VOVANGUARD INDEX FDS	9,396	$2.7M	0.95%
29	BRK/BBERKSHIRE HATHAWAY INC DEL	5,415	$2.7M	0.95%
30	GOOGALPHABET INC	7,976	$2.5M	0.88%
31	MUBISHARES TR	22,524	$2.4M	0.84%
32	WMTWALMART INC	19,818	$2.2M	0.77%
33	NDQINVESCO QQQ TR	3,546	$2.2M	0.76%
34	SDYSPDR SERIES TRUST	15,509	$2.2M	0.76%
35	AEPAMERICAN ELEC PWR CO INC	18,385	$2.1M	0.74%
36	SPDWSPDR INDEX SHS FDS	47,329	$2.1M	0.74%
37	IBITISHARES BITCOIN TRUST ETF	42,162	$2.1M	0.73%
38	GQ9SPDR GOLD TR	5,232	$2.1M	0.73%
39	GOOGLALPHABET INC	6,595	$2.1M	0.72%
40	CATCATERPILLAR INC	3,428	$2.0M	0.69%
41	VIGIVANGUARD WHITEHALL FDS	21,263	$1.9M	0.68%
42	PREFPRINCIPAL EXCHANGE TRADED FD	99,541	$1.9M	0.66%
43	XOMEXXON MOBIL CORP	15,556	$1.9M	0.66%
44	IJHISHARES TR	27,581	$1.8M	0.64%
45	COSTCOSTCO WHSL CORP NEW	2,102	$1.8M	0.63%
46	VNQVANGUARD INDEX FDS	20,467	$1.8M	0.63%
47	ADPAUTOMATIC DATA PROCESSING IN	7,042	$1.8M	0.63%
48	AMZNAMAZON COM INC	7,759	$1.8M	0.63%
49	VBVANGUARD INDEX FDS	6,732	$1.7M	0.61%
50	XMPTVANECK ETF TRUST	77,375	$1.7M	0.59%
51	MCDMCDONALDS CORP	5,534	$1.7M	0.59%
52	HDEFDBX ETF TR	52,144	$1.6M	0.57%
53	PEPPEPSICO INC	11,055	$1.6M	0.56%
54	HDHOME DEPOT INC	4,399	$1.5M	0.53%
55	VVISA INC	4,182	$1.5M	0.51%
56	PLTRPALANTIR TECHNOLOGIES INC	7,856	$1.4M	0.49%
57	DGROISHARES TR	17,288	$1.2M	0.42%
58	ETHAISHARES ETHEREUM TR	52,425	$1.2M	0.41%
59	MUMICRON TECHNOLOGY INC	4,017	$1.1M	0.40%
60	PGPROCTER AND GAMBLE CO	7,599	$1.1M	0.38%
61	CVXCHEVRON CORP NEW	7,127	$1.1M	0.38%
62	ASMLASML HOLDING N V	995	$1.1M	0.37%
63	HBANHUNTINGTON BANCSHARES INC	60,661	$1.1M	0.37%
64	IBMINTERNATIONAL BUSINESS MACHS	3,299	$977K	0.34%
65	CSCOCISCO SYS INC	12,653	$974K	0.34%
66	SPYSPDR S&P 500 ETF TR	1,417	$966K	0.34%
67	EFAVISHARES TR	10,969	$946K	0.33%
68	XLFSELECT SECTOR SPDR TR	17,059	$934K	0.33%
69	JNJJOHNSON & JOHNSON	4,517	$934K	0.33%
70	ABBVABBVIE INC	4,074	$930K	0.33%
71	SDVYFIRST TR EXCHANGE-TRADED FD	24,104	$923K	0.32%
72	KOCOCA COLA CO	13,089	$915K	0.32%
73	TSMTAIWAN SEMICONDUCTOR MFG LTD	2,933	$891K	0.31%
74	XLISELECT SECTOR SPDR TR	5,610	$870K	0.30%
75	IWMISHARES TR	3,533	$869K	0.30%
76	CRWDCROWDSTRIKE HLDGS INC	1,816	$851K	0.30%
77	TSLATESLA INC	1,883	$846K	0.30%
78	DNPDNP SELECT INCOME FD INC	82,262	$821K	0.29%
79	TMOTHERMO FISHER SCIENTIFIC INC	1,389	$804K	0.28%
80	VSSVANGUARD INTL EQUITY INDEX F	5,511	$789K	0.28%
81	GSGOLDMAN SACHS GROUP INC	856	$752K	0.26%
82	XLESELECT SECTOR SPDR TR	16,071	$718K	0.25%
83	GDGENERAL DYNAMICS CORP	2,110	$710K	0.25%
84	LMTLOCKHEED MARTIN CORP	1,463	$707K	0.25%
85	BACVERIZON COMMUNICATIONS INC	17,279	$703K	0.25%
86	XLBSELECT SECTOR SPDR TR	15,450	$700K	0.24%
87	SUBISHARES TR	6,460	$689K	0.24%
88	ISRGINTUITIVE SURGICAL INC	1,198	$678K	0.24%
89	BMYBRISTOL-MYERS SQUIBB CO	12,472	$672K	0.24%
90	ABTABBOTT LABS	5,300	$664K	0.23%
91	HYDVANECK ETF TRUST	12,911	$660K	0.23%
92	NOCNORTHROP GRUMMAN CORP	1,047	$597K	0.21%
93	HDVISHARES TR	4,900	$595K	0.21%
94	VONVVANGUARD SCOTTSDALE FDS	6,386	$589K	0.21%
95	DISDISNEY WALT CO	5,185	$589K	0.21%
96	RSPINVESCO EXCHANGE TRADED FD T	3,031	$580K	0.20%
97	GILDGILEAD SCIENCES INC	4,645	$570K	0.20%
98	ENBENBRIDGE INC	11,574	$553K	0.19%
99	MRKMERCK & CO INC	5,021	$528K	0.18%
100	SPYVSPDR SERIES TRUST	9,002	$511K	0.18%

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