INVESTMENT PARTNERS, LTD.

Open in PORT →← all managers

CIK 1050068

13F portfolio (2026-Q1)

$281M

Positions

152

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

Open in PORT →

As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2026-Q1)

Holdings

152

Top 5

22.1%

Top 10

34.8%

Effective N

50.3

HHI

0.020

This quarter

8 new · 0 exit →

By sector

Unclassified64.1%

Information Technology13.5%

Financials4.9%

Health Care4.2%

Consumer Discretionary3.7%

Industrials2.9%

Communication Services2.2%

Energy1.9%

Other2.8%

By market cap

Unknown65.1%

Mega (>$200B)26.0%

Large ($10–200B)8.4%

Mid ($2–10B)0.5%

Small ($300M–2B)0.0%

By region

Other64.1%

North America35.1%

Europe0.5%

Asia-Pacific0.4%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	64.93%	70
Technology Hardware & Equipment	4.30%	6
Semiconductors & Semiconductor Equipment	4.27%	6
Software	4.13%	4
Pharmaceuticals & Biotechnology	3.96%	9
Banks	2.56%	6
Specialty Retail	2.53%	4
Software & IT Services	2.11%	4
Oil, Gas & Consumable Fuels	1.87%	5
Machinery	1.51%	3
Aerospace & Defense	1.26%	6
Utilities	1.16%	3
Beverages	0.97%	2
Hotels, Restaurants & Leisure	0.90%	3
Capital Markets	0.62%	4
Chemicals	0.53%	2
Insurance	0.49%	4
Diversified Telecommunication Services	0.42%	2
Commercial Services & Supplies	0.32%	1
Electrical Equipment & Components	0.28%	2
Automobiles & Components	0.24%	1
Health Care Equipment & Supplies	0.19%	1
Entertainment	0.18%	1
Equity Real Estate Investment Trusts (REITs)	0.12%	1
Construction & Engineering	0.08%	1
Distributors	0.07%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	VEA	VANGUARD TAX-MANAGED FDS	Unclassified	6.33%
2	IWF	ISHARES TR	Unclassified	5.27%
3	IWD	ISHARES TR	Unclassified	4.32%
4	AAPL	Apple Inc.	Information Technology	3.19%
5	VWO	VANGUARD INTL EQUITY INDEX F	Unclassified	2.98%
6	NVDA	NVIDIA CORP	Information Technology	2.87%
7	MSFT	MICROSOFT CORP	Information Technology	2.66%
8	BSV	VANGUARD BD INDEX FDS	Unclassified	2.58%
9	VIG	VANGUARD SPECIALIZED FUNDS	Unclassified	2.33%
10	IGSB	ISHARES TR	Unclassified	2.24%

83/152 names classified · sector 35.9% of weight · industry 35.1% · mkt cap 34.9%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 46 quarters

Information TechnologyMSFT, AAPL, NVDA, GE, TT · other

FinancialsJPM, V, BRK.B, FMNB, HBAN · other

Health CareLLY, JNJ, BMY, PFE, ABBV · other

Consumer DiscretionaryHD, TSLA, WMT, COST, F · other

IndustrialsBA, CAT, LMT, IR, CSX · other

Communication ServicesVZ, DIS, T, GOOG, GOOGL · other

EnergyXOM, CVX, ENB, SLB, BP · other

Consumer StaplesKO, PEP, MO, SJM, STZ · other

MaterialsPG, CL, PPG, WOR, MTUS · other

UtilitiesAEP, NEE, D, DUK, KMI · other

Real EstateAMT, WELL, CCI, DLR, O · other

UnclassifiedIWF, IWD, VEA, EFA, Alerian MLP ETF · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 35.9% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Only 34% of book weight classified — the grid is NOT representative of the whole book.

holdings, colored by sector (78 classified)INVESTMENT PARTNERS, LTD. centroid (Large Core)

Information TechnologyHealth CareFinancialsConsumer DiscretionaryIndustrialsCommunication ServicesEnergyUtilitiesConsumer StaplesMaterialsReal Estate

Style box summary for INVESTMENT PARTNERS, LTD.: centroid Large Core. Heaviest cells: Large Growth 17.7%, Large Core 7.0%, Large Value 6.2%.

Classified: 33.8% of book weight (78/152 names) · unclassified 66.2%: VEA, IWF, IWD, VWO, BSV, VIG, IGSB, IVW, IWP, IEFA +64 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 152 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	VEAVANGUARD TAX-MANAGED FDS	277,622	$18M	6.3%	ADD 4%
2	IWFISHARES TR	34,714	$15M	5.3%	TRIM −3%
3	IWDISHARES TR	56,778	$12M	4.3%	HOLD
4	AAPLAPPLE INC	35,289	$9M	3.2%	HOLD
5	VWOVANGUARD INTL EQUITY INDEX F	155,045	$8M	3.0%	HOLD
6	NVDANVIDIA CORPORATION	46,256	$8M	2.9%	HOLD
7	MSFTMICROSOFT CORP	20,221	$7M	2.7%	HOLD
8	BSVVANGUARD BD INDEX FDS	92,321	$7M	2.6%	ADD 9%
9	VIGVANGUARD SPECIALIZED FUNDS	30,419	$7M	2.3%	HOLD
10	IGSBISHARES TR	119,733	$6M	2.2%	ADD 6%
11	IVWISHARES TR	55,002	$6M	2.2%	ADD 2%
12	IWPISHARES TR	43,092	$6M	2.0%	HOLD
13	IEFAISHARES TR	60,903	$6M	2.0%	HOLD
14	IWSISHARES TR	37,647	$5M	2.0%	TRIM −2%
15	LLYELI LILLY & CO	5,760	$5M	1.9%	HOLD
16	IVEISHARES TR	24,392	$5M	1.8%	ADD 3%
17	JPMJPMORGAN CHASE & CO	17,286	$5M	1.8%	HOLD
18	SHYGISHARES TR	115,384	$5M	1.7%	TRIM −8%
19	EFAISHARES TR	41,681	$4M	1.4%	HOLD
20	XLUSELECT SECTOR SPDR TR	78,293	$4M	1.3%	HOLD
21	IAGGISHARES TR	67,040	$3M	1.2%	ADD 11%
22	IVVISHARES TR	5,013	$3M	1.2%	TRIM −2%
23	IWNISHARES TR	17,194	$3M	1.2%	TRIM −2%
24	SLVISHARES SILVER TR	43,635	$3M	1.1%	HOLD
25	USMVISHARES TR	31,162	$3M	1.0%	TRIM −14%
26	IWOISHARES TR	8,658	$3M	1.0%	HOLD
27	VOVANGUARD INDEX FDS	9,279	$3M	0.9%	HOLD
28	XOMEXXON MOBIL CORP	15,611	$3M	0.9%	HOLD
29	BRK.BBERKSHIRE HATHAWAY INC DEL	5,144	$2M	0.9%	TRIM −5%
30	CATCATERPILLAR INC	3,436	$2M	0.9%	HOLD
31	MUBISHARES TR	22,707	$2M	0.9%	HOLD
32	AEPAMERICAN ELEC PWR CO INC	18,044	$2M	0.8%	HOLD
33	WMTWALMART INC	18,629	$2M	0.8%	TRIM −6%
34	GOOGALPHABET INC	8,014	$2M	0.8%	HOLD
35	SDYSPDR SER TR	15,509	$2M	0.8%	HOLD
36	ORCLORACLE CORP	15,313	$2M	0.8%	ADD 3%
37	GLDSPDR GOLD TR	5,222	$2M	0.8%	HOLD
38	SPDWSPDR INDEX SHS FDS	45,918	$2M	0.7%	TRIM −3%
39	COSTCOSTCO WHSL CORP NEW	2,090	$2M	0.7%	HOLD
40	QQQINVESCO QQQ TR	3,367	$2M	0.7%	TRIM −5%
41	GOOGLALPHABET INC	6,604	$2M	0.7%	HOLD
42	VIGIVanguard Whitehall Int'l Div. Apprec. ETF	21,263	$2M	0.7%	HOLD
43	PREFPRINCIPAL EXCHANGE TRADED FD	99,541	$2M	0.7%	HOLD
44	IJHISHARES TR	27,512	$2M	0.7%	HOLD
45	VNQVANGUARD INDEX FDS	20,468	$2M	0.6%	HOLD
46	VBVANGUARD INDEX FDS	6,611	$2M	0.6%	HOLD
47	PEPPEPSICO INC	11,074	$2M	0.6%	HOLD
48	MCDMCDONALDS CORP	5,499	$2M	0.6%	HOLD
49	HDEFDBX ETF TR	52,050	$2M	0.6%	HOLD
50	XMPTVANECK ETF TRUST	77,375	$2M	0.6%	HOLD
51	IBITISHARES BITCOIN TRUST ETF	42,162	$2M	0.6%	HOLD
52	MUMICRON TECHNOLOGY INC	4,430	$1M	0.5%	ADD 10%
53	CVXCHEVRON CORP NEW	7,072	$1M	0.5%	HOLD
54	ADPAUTOMATIC DATA PROCESSING IN	6,967	$1M	0.5%	HOLD
55	HDHOME DEPOT INC	4,197	$1M	0.5%	TRIM −5%
56	AMZNAMAZON COM INC	6,398	$1M	0.5%	TRIM −18%
57	ABBVABBVIE INC	5,973	$1M	0.5%	ADD 47%
58	ASMLASML HOLDING N V	971	$1M	0.5%	TRIM −2%
59	PGPROCTER AND GAMBLE CO	8,002	$1M	0.4%	ADD 5%
60	PLTRPALANTIR TECHNOLOGIES INC	7,857	$1M	0.4%	HOLD
61	JNJJOHNSON & JOHNSON	4,654	$1M	0.4%	ADD 3%
62	DGROISHARES CORE DIVIDEND GROWTH ETF	15,682	$1M	0.4%	TRIM −9%
63	SPYSTATE STR SPDR S&P 500 ETF T	1,611	$1M	0.4%	ADD 14%
64	TSMTAIWAN SEMICONDUCTOR MFG LTD	3,019	$1M	0.4%	ADD 3%
65	CSCOCISCO SYS INC	12,941	$1M	0.4%	ADD 2%
66	KOCOCA COLA CO	13,089	$995,432	0.4%	HOLD
67	XLESELECT SECTOR SPDR TR	16,222	$993,783	0.4%	HOLD
68	SDVYFIRST TR EXCHANGE TRADED FD	24,129	$951,393	0.3%	HOLD
69	HBANHUNTINGTON BANCSHARES INC	60,090	$940,403	0.3%	HOLD
70	IWMISHARES TR	3,723	$923,348	0.3%	ADD 5%
71	VONVVANGUARD SCOTTSDALE FDS	9,509	$891,349	0.3%	ADD 49%
72	VVISA INC	2,947	$890,760	0.3%	TRIM −30%
73	LMTLOCKHEED MARTIN CORP	1,467	$886,540	0.3%	HOLD
74	XLISELECT SECTOR SPDR TR	5,440	$879,811	0.3%	TRIM −3%
75	EFAVISHARES TR	9,611	$878,187	0.3%	TRIM −12%
76	ETHAISHARES ETHEREUM TR	54,425	$861,548	0.3%	ADD 4%
77	NOCNORTHROP GRUMMAN CORP	1,261	$860,349	0.3%	ADD 20%
78	DNPDNP SELECT INCOME FD INC	82,849	$853,347	0.3%	HOLD
79	IBMINTERNATIONAL BUSINESS MACHS	3,429	$831,102	0.3%	ADD 4%
80	VSSVANGUARD INTL EQUITY INDEX F	5,444	$793,641	0.3%	HOLD
81	VZVERIZON COMMUNICATIONS INC	15,760	$791,147	0.3%	TRIM −9%
82	XLFSELECT SECTOR SPDR TR	15,571	$768,740	0.3%	TRIM −9%
83	BMYBRISTOL-MYERS SQUIBB CO	12,459	$755,655	0.3%	HOLD
84	SUBISHARES TR	6,808	$725,052	0.3%	ADD 5%
85	CRWDCROWDSTRIKE HLDGS INC	1,816	$708,985	0.3%	HOLD
86	ABTABBOTT LABS	6,844	$702,662	0.2%	ADD 29%
87	HYDVANECK ETF TRUST	13,648	$684,311	0.2%	ADD 6%
88	TMOTHERMO FISHER SCIENTIFIC INC	1,389	$682,628	0.2%	HOLD
89	GDGENERAL DYNAMICS CORP	1,988	$682,303	0.2%	TRIM −6%
90	HDVISHARES TR	4,902	$665,252	0.2%	HOLD
91	TSLATESLA INC	1,778	$660,972	0.2%	TRIM −6%
92	GILDGILEAD SCIENCES INC	4,668	$650,559	0.2%	HOLD
93	GSGOLDMAN SACHS GROUP INC	755	$639,009	0.2%	TRIM −12%
94	ENBENBRIDGE INC	11,649	$630,659	0.2%	HOLD
95	XLBSELECT SECTOR SPDR TR	12,210	$610,134	0.2%	TRIM −21%
96	MRKMERCK & CO INC	4,977	$598,690	0.2%	HOLD
97	RSPINVESCO EXCHANGE TRADED FD T	3,031	$581,677	0.2%	HOLD
98	VTIVANGUARD INDEX FDS	1,719	$551,406	0.2%	NEW
99	CAVACAVA GROUP INC	6,796	$549,796	0.2%	ADD 26%
100	ISRGINTUITIVE SURGICAL INC	1,183	$545,351	0.2%	HOLD
101	DVYISHARES TR	3,480	$526,852	0.2%	HOLD
102	XLPSELECT SECTOR SPDR TR	6,300	$516,474	0.2%	HOLD
103	ETNEATON CORP PLC	1,443	$515,975	0.2%	ADD 10%
104	VRTVERTIV HOLDINGS CO	2,005	$502,488	0.2%	HOLD
105	AOMISHARES TR	10,541	$499,333	0.2%	HOLD
106	HONHONEYWELL INTL INC	2,207	$498,807	0.2%	HOLD
107	DISDISNEY WALT CO	5,161	$497,379	0.2%	HOLD
108	GEGE AEROSPACE	1,697	$481,537	0.2%	ADD 6%
109	NEENEXTERA ENERGY INC	5,177	$480,874	0.2%	ADD 34%
110	ADIANALOG DEVICES INC	1,468	$467,134	0.2%	TRIM −8%
111	INTCINTEL CORP	10,410	$459,398	0.2%	TRIM −3%
112	PRKPARK NATL CORP	2,780	$454,391	0.2%	HOLD
113	PFEPFIZER INC	16,073	$451,330	0.2%	TRIM −7%
114	BKLNINVESCO EXCH TRADED FD TR II	22,100	$451,063	0.2%	ADD 20%
115	ALLALLSTATE CORP	2,068	$428,784	0.2%	HOLD
116	CINFCINCINNATI FINL CORP	2,720	$427,925	0.2%	TRIM −5%
117	VONGVANGUARD SCOTTSDALE FDS	3,784	$415,067	0.1%	NEW
118	VSTVISTRA CORP	2,690	$404,318	0.1%	HOLD
119	BLKBLACKROCK INC	419	$403,016	0.1%	TRIM −5%
120	SHVISHARES TR	3,627	$400,385	0.1%	HOLD
121	TAT&T INC	13,531	$392,267	0.1%	ADD 29%
122	VUGVANGUARD INDEX FDS	887	$387,634	0.1%	ADD 18%
123	SPLVINVESCO EXCH TRADED FD TR II	5,042	$368,789	0.1%	HOLD
124	KLACKLA CORP	250	$368,103	0.1%	HOLD
125	AMGAFFILIATED MANAGERS GROUP	1,322	$365,813	0.1%	TRIM −4%
126	MSMORGAN STANLEY	2,077	$341,863	0.1%	HOLD
127	BACBANK AMERICA CORP	6,993	$340,894	0.1%	TRIM −7%
128	DLRDIGITAL RLTY TR INC	1,884	$339,516	0.1%	ADD 8%
129	CLCOLGATE PALMOLIVE CO	3,910	$333,289	0.1%	HOLD
130	BABOEING CO	1,659	$330,281	0.1%	HOLD
131	METAMETA PLATFORMS INC	575	$328,777	0.1%	ADD 27%
132	PAVEGLOBAL X FDS	6,432	$326,810	0.1%	ADD 6%
133	GEVGE VERNOVA INC	359	$313,616	0.1%	HOLD
134	MRSHMARSH & MCLENNAN COS INC	1,658	$287,584	0.1%	HOLD
135	LHXL3HARRIS TECHNOLOGIES INC	826	$284,934	0.1%	NEW
136	PSXPHILLIPS 66	1,551	$282,520	0.1%	TRIM −17%
137	YUMYUM BRANDS INC	1,815	$282,198	0.1%	HOLD
138	AMLPALPS ETF TR	5,319	$280,013	0.1%	NEW
139	ARTYISHARES TR	5,924	$275,644	0.1%	HOLD
140	MDYSPDR S&P MIDCAP 400 ETF TR	424	$261,506	0.1%	HOLD
141	PANWPALO ALTO NETWORKS INC	1,604	$257,153	0.1%	TRIM −18%
142	MPCMARATHON PETE CORP	1,004	$245,136	0.1%	NEW
143	JJACOBS SOLUTIONS INC	1,863	$237,073	0.1%	HOLD
144	AMGNAMGEN INC	659	$231,877	0.1%	ADD 4%
145	INDAISHARES TR	4,938	$231,296	0.1%	TRIM −4%
146	IJRISHARES TR	1,846	$229,434	0.1%	TRIM −4%
147	WFCWELLS FARGO CO NEW	2,881	$229,385	0.1%	HOLD
148	AFLAFLAC INC	2,035	$223,215	0.1%	TRIM −35%
149	BIDDBLACKROCK ETF TRUST	7,488	$212,884	0.1%	NEW
150	CAHCARDINAL HEALTH INC	960	$202,891	0.1%	NEW
151	FMNBFARMERS NATIONAL BANC CORP	10,553	$138,874	0.0%	NEW
152	PFLTPENNANTPARK FLOATING RATE CA	10,000	$80,400	0.0%	HOLD

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed

Security

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

VEAVANGUARD TAX-MANAGED FDS

192K

203K

251K

258K

267K

278K

$18M

IWFISHARES TR

36K

35K

36K

35K

$15M

IWDISHARES TR

56K

58K

57K

$12M

AAPLAPPLE INC

34K

35K

36K

35K

$9M

VWOVANGUARD INTL EQUITY INDEX F

140K

143K

153K

155K

158K

155K

$8M

NVDANVIDIA CORPORATION

47K

46K

$8M

MSFTMICROSOFT CORP

23K

21K

20K

$7M

BSVVANGUARD BD INDEX FDS

51K

64K

73K

77K

85K

92K

$7M

VIGVANGUARD SPECIALIZED FUNDS

30K

31K

30K

$7M

IGSBISHARES TR

78K

88K

98K

103K

113K

120K

$6M

IVWISHARES TR

55K

54K

55K

$6M

IWPISHARES TR

39K

38K

40K

41K

43K

$6M

IEFAISHARES TR

68K

65K

62K

61K

$6M

IWSISHARES TR

35K

34K

38K

39K

38K

$5M

LLYELI LILLY & CO

$5M

Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

☆INVESTMENT PARTNERS, LTD.