# EDGAR Filing Document

**Accession Number:** 0001252007
**File Stem:** 0001252007-26-000002
**Filing Date:** 2026-5
**Character Count:** 12459
**Document Hash:** 2db6a468776461154b28cf292ffca857
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001252007-26-000002.hdr.sgml**: 20260513

**ACCESSION NUMBER**: 0001252007-26-000002

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260513

**DATE AS OF CHANGE**: 20260513

**EFFECTIVENESS DATE**: 20260513

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GRAYBILL WEALTH MANAGEMENT, LTD.
- **CENTRAL INDEX KEY:** 0001252007

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** IL
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10614
- **FILM NUMBER:** 26971576

**BUSINESS ADDRESS:**
- **STREET 1:** 135 S. COTTAGE HILL AVE
- **CITY:** ELMHURST
- **STATE:** IL
- **ZIP:** 60126
- **BUSINESS PHONE:** 630-941-9460

**MAIL ADDRESS:**
- **STREET 1:** 135 S. COTTAGE HILL AVE
- **CITY:** ELMHURST
- **STATE:** IL
- **ZIP:** 60126

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GRAYBILL BARTZ & ASSOC LTD
- **DATE OF NAME CHANGE:** 20030702

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** GRAYBILL WEALTH MANAGEMENT LTD.<br>**Address:** 135 S. COTTAGE HILL AVE<br>ELMHURST, IL 60126

**Form 13F File Number:** 028-10614

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Philip B. Karlson<br>**Title:** Principal<br>**Phone:** 630-941-9460

**Signature, Place, and Date of Signing:**

Philip B. Karlson  Elmhurst, IL  05-13-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 86

**Form 13F Information Table Value Total:** $328459374

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AMAZON.COM INC | Stock | 023135106 |  | 8719607 | 41867 | SH |  | SOLE | 0 | 41558 | 0 | 308 |
| STARBUCKS CORP | Stock | 855244109 |  | 4711265 | 52587 | SH |  | SOLE | 0 | 52177 | 0 | 409 |
| JOHNSON  JOHNSON | Stock | 478160104 |  | 7204867 | 29475 | SH |  | SOLE | 0 | 29274 | 0 | 200 |
| COSTCO WHOLESALE CORP | Stock | 22160K105 |  | 3111690 | 3123 | SH |  | SOLE | 0 | 3093 | 0 | 29 |
| TOYOTA MOTOR CORP ADS | ADR | 892331307 |  | 351590 | 1706 | SH |  | SOLE | 0 | 1706 | 0 | 0 |
| THE PROCTER  GAMBLE CO | Stock | 742718109 |  | 857283 | 5935 | SH |  | SOLE | 0 | 5935 | 0 | 0 |
| MEDTRONIC PLC | Stock | G5960L103 |  | 351886 | 4061 | SH |  | SOLE | 0 | 4061 | 0 | 0 |
| EQUITY RESIDENTIAL | REIT | 29476L107 |  | 248193 | 4196 | SH |  | SOLE | 0 | 4196 | 0 | 0 |
| WATERS CORP COM | Stock | 941848103 |  | 3711184 | 12462 | SH |  | SOLE | 0 | 12371 | 0 | 91 |
| PROLOGIS INC | REIT | 74340W103 |  | 5098996 | 38576 | SH |  | SOLE | 0 | 38326 | 0 | 250 |
| MERCK  CO | Stock | 58933Y105 |  | 1208554 | 10047 | SH |  | SOLE | 0 | 10047 | 0 | 0 |
| STATE STREET SPDR S 500 ETF | ETF | 78462F103 |  | 2611115 | 4015 | SH |  | SOLE | 0 | 4015 | 0 | 0 |
| ILLINOIS TOOL WKS INC COM | Stock | 452308109 |  | 941990 | 3619 | SH |  | SOLE | 0 | 3619 | 0 | 0 |
| UNITED RENTALS INC | Stock | 911363109 |  | 5984508 | 8214 | SH |  | SOLE | 0 | 8156 | 0 | 58 |
| CHUBB LTD SWITZ COM | Stock | H1467J104 |  | 687712 | 2110 | SH |  | SOLE | 0 | 2110 | 0 | 0 |
| PEPSICO INC | Stock | 713448108 |  | 24846 | 160 | SH |  | OTR | 0 | 160 | 0 | 0 |
| PEPSICO INC | Stock | 713448108 |  | 4290181 | 27627 | SH |  | SOLE | 0 | 27454 | 0 | 172 |
| ISHARES 1-3 YEAR TREASURY BOND ETF | ETF | 464287457 |  | 9349616 | 113233 | SH |  | SOLE | 0 | 112297 | 0 | 935 |
| KIMBERLY-CLARK CORP | Stock | 494368103 |  | 294426 | 3052 | SH |  | SOLE | 0 | 3052 | 0 | 0 |
| HONEYWELL INTERNATIONAL INC | Stock | 438516106 |  | 610055 | 2699 | SH |  | SOLE | 0 | 2699 | 0 | 0 |
| FORD MOTOR CO | Stock | 345370860 |  | 147135 | 12750 | SH |  | SOLE | 0 | 12750 | 0 | 0 |
| HOME DEPOT INC | Stock | 437076102 |  | 1070866 | 3256 | SH |  | SOLE | 0 | 3256 | 0 | 0 |
| AUTOMATIC DATA PROCESSING INC | Stock | 053015103 |  | 28445 | 140 | SH |  | OTR | 0 | 140 | 0 | 0 |
| AUTOMATIC DATA PROCESSING INC | Stock | 053015103 |  | 6074214 | 29896 | SH |  | SOLE | 0 | 29700 | 0 | 195 |
| SPDR GOLD SHARES | ETF | 78463V107 |  | 13912001 | 32332 | SH |  | SOLE | 0 | 32088 | 0 | 243 |
| BECTON DICKINSON  CO | Stock | 075887109 |  | 4418756 | 28104 | SH |  | SOLE | 0 | 27893 | 0 | 210 |
| ISHARES U.S. REAL ESTATE ETF | ETF | 464287739 |  | 495494 | 5240 | SH |  | SOLE | 0 | 5240 | 0 | 0 |
| ISHARES CORE S SMALL CAP ETF | ETF | 464287804 |  | 5936797 | 47758 | SH |  | SOLE | 0 | 47407 | 0 | 351 |
| BERKSHIRE HATHAWAY INC | Stock | 084670702 |  | 8014786 | 16725 | SH |  | SOLE | 0 | 16591 | 0 | 134 |
| ALPHABET INC | Stock | 02079K305 |  | 15238757 | 52993 | SH |  | SOLE | 0 | 52590 | 0 | 403 |
| FISERV INC | Stock | 337738108 |  | 3484042 | 62438 | SH |  | SOLE | 0 | 61965 | 0 | 473 |
| UNILEVER PLC | ADR | 904767803 |  | 214378 | 3763 | SH |  | SOLE | 0 | 3763 | 0 | 0 |
| MICROSOFT CORP | Stock | 594918104 |  | 8608942 | 23257 | SH |  | SOLE | 0 | 23103 | 0 | 153 |
| CANADIAN NAT RES LTD MED TERM COM | Stock | 136385101 |  | 5984288 | 122805 | SH |  | SOLE | 0 | 121917 | 0 | 888 |
| BOEING CO | Stock | 097023105 |  | 5363805 | 26950 | SH |  | SOLE | 0 | 26742 | 0 | 207 |
| VANGUARD FTSE EUROPE ETF | ETF | 922042874 |  | 7477618 | 90715 | SH |  | SOLE | 0 | 89824 | 0 | 890 |
| BROOKFIELD CORPORATION | Stock | 11271J107 |  | 8365693 | 206713 | SH |  | SOLE | 0 | 205019 | 0 | 1694 |
| ISHARES SHORT-TERM CALIFORNIA MUNI ACTIVE ETF | ETF | 092528884 |  | 302580 | 6000 | SH |  | SOLE | 0 | 6000 | 0 | 0 |
| UBER TECHNOLOGIES INC COM | Stock | 90353T100 |  | 5389787 | 74931 | SH |  | SOLE | 0 | 74356 | 0 | 575 |
| BLUE OWL CAPITAL CORPORATION COM | CEF | 69121K104 |  | 176252 | 15936 | SH |  | SOLE | 0 | 15936 | 0 | 0 |
| ELI LILLY  CO | Stock | 532457108 |  | 752372 | 818 | SH |  | SOLE | 0 | 818 | 0 | 0 |
| DUKE ENERGY CORP NEW COM NEW | Stock | 26441C204 |  | 972753 | 7429 | SH |  | SOLE | 0 | 7429 | 0 | 0 |
| VISA INC | Stock | 92826C839 |  | 5617718 | 18587 | SH |  | SOLE | 0 | 18438 | 0 | 148 |
| ASML HLDG NV N Y REGISTRY SHS | ADR | N07059210 |  | 6679437 | 5057 | SH |  | SOLE | 0 | 5016 | 0 | 41 |
| SERVICENOW INC COM | Stock | 81762P102 |  | 4345934 | 41568 | SH |  | SOLE | 0 | 41245 | 0 | 323 |
| BROADCOM INC COM | Stock | 11135F101 |  | 8021261 | 25916 | SH |  | SOLE | 0 | 25719 | 0 | 197 |
| ISHARES CORE MSCI EAFE ETF | ETF | 46432F842 |  | 1110079 | 12262 | SH |  | SOLE | 0 | 12262 | 0 | 0 |
| KINDER MORGAN INC | Stock | 49456B101 |  | 417482 | 12451 | SH |  | SOLE | 0 | 12451 | 0 | 0 |
| ACCENTURE PLC IRELAND SHS CLASS A | Stock | G1151C101 |  | 589516 | 2973 | SH |  | SOLE | 0 | 2973 | 0 | 0 |
| NVIDIA CORPORATION COM | Stock | 67066G104 |  | 279738 | 1604 | SH |  | SOLE | 0 | 1604 | 0 | 0 |
| ISHARES 1-5 YEAR INVESTMENT GRADE CORPORATE BOND ETF | ETF | 464288646 |  | 4914430 | 93501 | SH |  | SOLE | 0 | 93411 | 0 | 90 |
| CUMMINS INC COM | Stock | 231021106 |  | 635940 | 1182 | SH |  | SOLE | 0 | 1182 | 0 | 0 |
| ISHARES CORE EMERGING MARKETS ETF | ETF | 46434G103 |  | 10119486 | 145082 | SH |  | SOLE | 0 | 144022 | 0 | 1060 |
| MCDONALDS CORP | Stock | 580135101 |  | 561598 | 1807 | SH |  | SOLE | 0 | 1807 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | ETF | 46438F101 |  | 226678 | 5900 | SH |  | SOLE | 0 | 5900 | 0 | 0 |
| GE VERNOVA INC COM | Stock | 36828A101 |  | 5760922 | 6600 | SH |  | SOLE | 0 | 6551 | 0 | 48 |
| GENERAL ELECTRIC CO | Stock | 369604301 |  | 6220536 | 21921 | SH |  | SOLE | 0 | 21761 | 0 | 160 |
| QXO INC COM NEW | Stock | 82846H405 |  | 4002695 | 206112 | SH |  | SOLE | 0 | 204636 | 0 | 1476 |
| ISHARES CORE S 500 ETF | ETF | 464287200 |  | 359266 | 550 | SH |  | SOLE | 0 | 550 | 0 | 0 |
| FLEX LTD | Stock | Y2573F102 |  | 8990279 | 137340 | SH |  | SOLE | 0 | 136287 | 0 | 1053 |
| THERMO FISHER SCIENTIFIC INC | Stock | 883556102 |  | 7158226 | 14563 | SH |  | SOLE | 0 | 14452 | 0 | 111 |
| JPMORGAN CHASE  CO | Stock | 46625H100 |  | 5328748 | 18115 | SH |  | SOLE | 0 | 18000 | 0 | 115 |
| ISHARES NATIONAL MUNI BOND ETF | ETF | 464288414 |  | 1294712 | 12197 | SH |  | SOLE | 0 | 12197 | 0 | 0 |
| BANK OF AMERICA CORP | Stock | 060505104 |  | 4601857 | 94397 | SH |  | SOLE | 0 | 93672 | 0 | 725 |
| REAVES UTILITY INCOME FUND | CEF | 756158101 |  | 445514 | 11342 | SH |  | SOLE | 0 | 11342 | 0 | 0 |
| WALMART INC | Stock | 931142103 |  | 1543495 | 12420 | SH |  | SOLE | 0 | 12419 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | Stock | 75513E101 |  | 8583623 | 44498 | SH |  | SOLE | 0 | 44172 | 0 | 325 |
| WOODWARD INC | Stock | 980745103 |  | 4792555 | 13390 | SH |  | SOLE | 0 | 13283 | 0 | 107 |
| OTIS WORLDWIDE CORP | Stock | 68902V107 |  | 4683994 | 60768 | SH |  | SOLE | 0 | 60287 | 0 | 480 |
| THE WILLIAMS COMPANIES INC | Stock | 969457100 |  | 5766336 | 79230 | SH |  | SOLE | 0 | 78617 | 0 | 612 |
| ISHARES 7-10 YEAR TREASURY BOND ETF | ETF | 464287440 |  | 9253983 | 96961 | SH |  | SOLE | 0 | 96181 | 0 | 780 |
| LAM RESEARCH CORP COM NEW | Stock | 512807306 |  | 316003 | 1479 | SH |  | SOLE | 0 | 1479 | 0 | 0 |
| SYNOPSYS INC | Stock | 871607107 |  | 6702103 | 16904 | SH |  | SOLE | 0 | 16775 | 0 | 129 |
| BRISTOL-MYERS SQUIBB CO COM | Stock | 110122108 |  | 498361 | 8217 | SH |  | SOLE | 0 | 8217 | 0 | 0 |
| EXXON MOBIL CORP | Stock | 30231G102 |  | 224630 | 1324 | SH |  | SOLE | 0 | 1324 | 0 | 0 |
| NEXPOINT RESIDENTIAL TRUST INC | REIT | 65341D102 |  | 1921623 | 76865 | SH |  | SOLE | 0 | 76394 | 0 | 470 |
| STATE STREET UTILITIES SELECT SECTOR SPDR ETF | ETF | 81369Y886 |  | 272403 | 5936 | SH |  | SOLE | 0 | 5936 | 0 | 0 |
| GRAYSCALE BITCOIN TRUST ETF | ETF | 389637109 |  | 263800 | 5000 | SH |  | SOLE | 0 | 5000 | 0 | 0 |
| BLACKROCK INC | Stock | 09290D101 |  | 6500726 | 6760 | SH |  | SOLE | 0 | 6706 | 0 | 53 |
| ISHARES CORE S MID-CAP ETF | ETF | 464287507 |  | 695019 | 10292 | SH |  | SOLE | 0 | 10292 | 0 | 0 |
| APPLE INC | Stock | 037833100 |  | 780404 | 3075 | SH |  | OTR | 0 | 3075 | 0 | 0 |
| APPLE INC | Stock | 037833100 |  | 13238963 | 52165 | SH |  | SOLE | 0 | 51858 | 0 | 307 |
| WEC ENERGY GROUP INC COM | Stock | 92939U106 |  | 345110 | 2981 | SH |  | SOLE | 0 | 2981 | 0 | 0 |
| ABBOTT LABORATORIES | Stock | 002824100 |  | 5929604 | 57754 | SH |  | SOLE | 0 | 57329 | 0 | 425 |
| THE WALT DISNEY CO | Stock | 254687106 |  | 4615369 | 47887 | SH |  | SOLE | 0 | 47518 | 0 | 369 |
| MARSH  MCLENNAN COS | Stock | 571748102 |  | 1049893 | 6053 | SH |  | SOLE | 0 | 6053 | 0 | 0 |

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