# EDGAR Filing Document

**Accession Number:** 0001569667
**File Stem:** 0001569667-26-000001
**Filing Date:** 2026-2
**Character Count:** 29541
**Document Hash:** 70e54c126b32beb91292d74309a6b2f8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001569667-26-000001.hdr.sgml**: 20260213

**ACCESSION NUMBER**: 0001569667-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260213

**DATE AS OF CHANGE**: 20260213

**EFFECTIVENESS DATE**: 20260213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OARSMAN CAPITAL, INC.
- **CENTRAL INDEX KEY:** 0001569667

**ORGANIZATION NAME:**
- **EIN:** 392004107
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15412
- **FILM NUMBER:** 26632146

**BUSINESS ADDRESS:**
- **STREET 1:** 790 N. WATER ST., STE 1850
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-221-0081

**MAIL ADDRESS:**
- **STREET 1:** 790 N. WATER ST., STE 1850
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** OARSMAN CAPITAL INC.<br>**Address:** 790 N. WATER ST. STE 1850<br>MILWAUKEE, WI 53202

**Form 13F File Number:** 028-15412

**CRD Number (if applicable):** 000109993

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:** Derek Joseph Pawlak<br>**Title:** Portfolio Manager<br>**Phone:** 4142210081

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

Derek Joseph Pawlak  Milwaukee, WI  02-13-2026<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:** 245

**Form 13F Information Table Value Total:** $770673439

      (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 COM | Stock | 023135106 |  | 6566835 | 28450 | SH |  | SOLE | 0 | 21845 | 0 | 6605 |
| PRUDENTIAL FINL INC COM | Stock | 744320102 |  | 282764 | 2505 | SH |  | SOLE | 0 | 505 | 0 | 2000 |
| WISDOMTREE JAPAN HEDGED EQUITY FUND | ETF | 97717W851 |  | 223448 | 1550 | SH |  | SOLE | 0 | 1450 | 0 | 100 |
| HEWLETT PACKARD ENTERPRISE CO COM | Stock | 42824C109 |  | 3266613 | 135996 | SH |  | SOLE | 0 | 118421 | 0 | 17573 |
| ULTA BEAUTY INC | Stock | 90384S303 |  | 330940 | 547 | SH |  | SOLE | 0 | 547 | 0 | 0 |
| INVESCO QQQ TRUST SERIES I | ETF | 46090E103 |  | 926947 | 1509 | SH |  | SOLE | 0 | 1241 | 0 | 267 |
| ATI INC COM | Stock | 01741R102 |  | 386741 | 3370 | SH |  | SOLE | 0 | 3370 | 0 | 0 |
| STATE STREET SPDR PORTFOLIO S 500 HIGH DIVIDEND ETF | ETF | 78468R788 |  | 416062 | 9620 | SH |  | SOLE | 0 | 9619 | 0 | 0 |
| JOHNSON  JOHNSON COM | Stock | 478160104 |  | 3734965 | 18048 | SH |  | SOLE | 0 | 15635 | 0 | 2412 |
| WASTE MGMT INC DEL COM | Stock | 94106L109 |  | 223225 | 1016 | SH |  | SOLE | 0 | 1016 | 0 | 0 |
| VANGUARD TOTAL STOCK MARKET ETF | ETF | 922908769 |  | 1702566 | 5078 | SH |  | SOLE | 0 | 3998 | 0 | 1080 |
| OLIN CORP | Stock | 680665205 |  | 1149608 | 55190 | SH |  | SOLE | 0 | 49890 | 0 | 5300 |
| BLACKROCK MUNIASSETS FD INC COM | CEF | 09254J102 |  | 1080486 | 100886 | SH |  | SOLE | 0 | 96190 | 0 | 4695 |
| COSTCO WHOLESALE CORPORATION COM | Stock | 22160K105 |  | 1428035 | 1656 | SH |  | SOLE | 0 | 1203 | 0 | 452 |
| ISHARES MSCI EMERGING MARKETS ETF | ETF | 464287234 |  | 504387 | 9219 | SH |  | SOLE | 0 | 6265 | 0 | 2954 |
| GOLDMAN SACHS GROUP INC COM | Stock | 38141G104 |  | 4893763 | 5567 | SH |  | SOLE | 0 | 4989 | 0 | 577 |
| ISHARES ESG MSCI KLD 400 ETF | ETF | 464288570 |  | 770403 | 5980 | SH |  | SOLE | 0 | 5980 | 0 | 0 |
| PROCTER  GAMBLE CO COM | Stock | 742718109 |  | 807451 | 5634 | SH |  | SOLE | 0 | 5419 | 0 | 215 |
| UNITED PARCEL SVCS INC CL B | Stock | 911312106 |  | 1078325 | 10871 | SH |  | SOLE | 0 | 7545 | 0 | 3326 |
| COHEN  STEERS REIT  PFD  COM | CEF | 19247X100 |  | 841071 | 42350 | SH |  | SOLE | 0 | 42350 | 0 | 0 |
| ISHARES MSCI ACWI EX U.S. ETF | ETF | 464288240 |  | 880254 | 13113 | SH |  | SOLE | 0 | 13112 | 0 | 0 |
| MEDTRONIC PLC SHS | Stock | G5960L103 |  | 3274048 | 34083 | SH |  | SOLE | 0 | 27598 | 0 | 6485 |
| NETFLIX INC. COM | Stock | 64110L106 |  | 601939 | 6420 | SH |  | SOLE | 0 | 3822 | 0 | 2598 |
| ISHARES SILVER TRUST | ETF | 46428Q109 |  | 455514 | 7071 | SH |  | SOLE | 0 | 6296 | 0 | 775 |
| AGNC INVT CORP COM | REIT | 00123Q104 |  | 144699 | 13498 | SH |  | SOLE | 0 | 0 | 0 | 13498 |
| SANOFI SA SPONSORED ADR | ADR | 80105N105 |  | 204501 | 4220 | SH |  | SOLE | 0 | 0 | 0 | 4220 |
| STATE STREET SPDR S 500 ETF | ETF | 78462F103 |  | 3231739 | 4739 | SH |  | SOLE | 0 | 3505 | 0 | 1234 |
| TOTALENERGIES SE ACT | Stock | F92124100 |  | 261157 | 3992 | SH |  | SOLE | 0 | 321 | 0 | 3671 |
| MASTERCARD INCORPORATED CL A | Stock | 57636Q104 |  | 808937 | 1417 | SH |  | SOLE | 0 | 797 | 0 | 620 |
| TYLER TECHNOLOGIES INC | Stock | 902252105 |  | 1527088 | 3364 | SH |  | SOLE | 0 | 2977 | 0 | 387 |
| VERTEX PHARMACEUTICALS | Stock | 92532F100 |  | 2171594 | 4790 | SH |  | SOLE | 0 | 4259 | 0 | 531 |
| ISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF | ETF | 464288182 |  | 340912 | 3661 | SH |  | SOLE | 0 | 3586 | 0 | 75 |
| VERIZON COMMUNICATIONS | Stock | 92343V104 |  | 483333 | 11867 | SH |  | SOLE | 0 | 4166 | 0 | 7700 |
| MARVELL TECHNOLOGY INC COM | Stock | 573874104 |  | 493583 | 5808 | SH |  | SOLE | 0 | 3185 | 0 | 2623 |
| PEPSICO INC COM | Stock | 713448108 |  | 1796994 | 12521 | SH |  | SOLE | 0 | 11374 | 0 | 1146 |
| TRANE TECHNOLOGIES PLC SHS | Stock | G8994E103 |  | 202773 | 521 | SH |  | SOLE | 0 | 10 | 0 | 511 |
| INGERSOLL RAND INC COM | Stock | 45687V106 |  | 621085 | 7840 | SH |  | SOLE | 0 | 7840 | 0 | 0 |
| ISHARES ESG AWARE MSCI USA ETF | ETF | 46435G425 |  | 201421 | 1352 | SH |  | SOLE | 0 | 1289 | 0 | 63 |
| US BANCORP COM NEW | Stock | 902973304 |  | 419890 | 7869 | SH |  | SOLE | 0 | 549 | 0 | 7320 |
| XCEL ENERGY INC COM | Stock | 98389B100 |  | 561336 | 7600 | SH |  | SOLE | 0 | 7600 | 0 | 0 |
| HOME DEPOT INC COM | Stock | 437076102 |  | 807159 | 2346 | SH |  | SOLE | 0 | 1650 | 0 | 695 |
| FAIR ISAAC CORP COM | Stock | 303250104 |  | 241759 | 143 | SH |  | SOLE | 0 | 0 | 0 | 143 |
| VERISK ANALYTICS INC COM | Stock | 92345Y106 |  | 240690 | 1076 | SH |  | SOLE | 0 | 1044 | 0 | 32 |
| SPDR GOLD SHARES | ETF | 78463V107 |  | 2659636 | 6711 | SH |  | SOLE | 0 | 5973 | 0 | 738 |
| SCHWAB U.S. SMALL-CAP ETF | ETF | 808524607 |  | 809800 | 28434 | SH |  | SOLE | 0 | 27174 | 0 | 1260 |
| SEA LTD SPONSORD ADS | ADR | 81141R100 |  | 270959 | 2124 | SH |  | SOLE | 0 | 1124 | 0 | 1000 |
| ISHARES RUSSELL 1000 GROWTH ETF | ETF | 464287614 |  | 8130511 | 17178 | SH |  | SOLE | 0 | 13283 | 0 | 3895 |
| SCHWAB U.S. BROAD MARKET ETF | ETF | 808524102 |  | 1195027 | 45560 | SH |  | SOLE | 0 | 41903 | 0 | 3655 |
| SCHWAB INTERNATIONAL EQUITY ETF | ETF | 808524805 |  | 62165626 | 2585925 | SH |  | SOLE | 0 | 1850563 | 0 | 735361 |
| SCHWAB U.S. LARGE-CAP ETF | ETF | 808524201 |  | 712146 | 26464 | SH |  | SOLE | 0 | 26464 | 0 | 0 |
| STATE STREET SPDR PORTFOLIO S 400 MID CAP ETF | ETF | 78464A847 |  | 27970410 | 482998 | SH |  | SOLE | 0 | 332424 | 0 | 150573 |
| JPMORGAN ULTRA-SHORT INCOME ETF | ETF | 46641Q837 |  | 6757246 | 133569 | SH |  | SOLE | 0 | 102658 | 0 | 30910 |
| SCHWAB U.S. LARGE-CAP GROWTH ETF | ETF | 808524300 |  | 680948 | 20875 | SH |  | SOLE | 0 | 17883 | 0 | 2992 |
| PATTERSON-UTI ENERGY INC COM | Stock | 703481101 |  | 164054 | 26850 | SH |  | SOLE | 0 | 26850 | 0 | 0 |
| ISHARES CORE S SMALL CAP ETF | ETF | 464287804 |  | 445748 | 3709 | SH |  | SOLE | 0 | 3507 | 0 | 202 |
| BERKSHIRE HATHAWAY INC DEL CL B | Stock | 084670702 |  | 4112682 | 8182 | SH |  | SOLE | 0 | 3947 | 0 | 4235 |
| ALPHABET INC CAP STK CL A | Stock | 02079K305 |  | 6448776 | 20603 | SH |  | SOLE | 0 | 19638 | 0 | 965 |
| PROGRESSIVE CORP COM | Stock | 743315103 |  | 384619 | 1689 | SH |  | SOLE | 0 | 522 | 0 | 1167 |
| FISERV INC COM | Stock | 337738108 |  | 2070918 | 30831 | SH |  | SOLE | 0 | 30706 | 0 | 125 |
| OREILLY AUTOMOTIVE INC COM | Stock | 67103H107 |  | 2958852 | 32440 | SH |  | SOLE | 0 | 28355 | 0 | 4085 |
| INTUIT COM | Stock | 461202103 |  | 2741756 | 4139 | SH |  | SOLE | 0 | 3207 | 0 | 932 |
| SCHWAB INTERNATIONAL SMALL-CAP EQUITY ETF | ETF | 808524888 |  | 1656804 | 36389 | SH |  | SOLE | 0 | 35489 | 0 | 900 |
| GENERAC HLDGS INC COM | Stock | 368736104 |  | 202237 | 1483 | SH |  | SOLE | 0 | 428 | 0 | 1055 |
| MICROSOFT CORP COM | Stock | 594918104 |  | 14485631 | 29953 | SH |  | SOLE | 0 | 26301 | 0 | 3650 |
| HEALTHPEAK PROPERTIES INC COM | REIT | 42250P103 |  | 171252 | 10650 | SH |  | SOLE | 0 | 0 | 0 | 10650 |
| RPM INTL INC COM | Stock | 749685103 |  | 849680 | 8170 | SH |  | SOLE | 0 | 7845 | 0 | 325 |
| INVESCO BULLETSHARES 2028 CB ETF | ETF | 46138J643 |  | 367957 | 17862 | SH |  | SOLE | 0 | 17862 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL A | Stock | 084670108 |  | 754800 | 1 | SH |  | SOLE | 0 | 1 | 0 | 0 |
| BOEING CO COM | Stock | 097023105 |  | 462516 | 2130 | SH |  | SOLE | 0 | 1655 | 0 | 475 |
| COPART INC COM | Stock | 217204106 |  | 334654 | 8548 | SH |  | SOLE | 0 | 7365 | 0 | 1183 |
| VANGUARD SMALL-CAP ETF | ETF | 922908751 |  | 281149 | 1090 | SH |  | SOLE | 0 | 966 | 0 | 123 |
| VANGUARD LARGE-CAP ETF | ETF | 922908637 |  | 247416 | 786 | SH |  | SOLE | 0 | 760 | 0 | 25 |
| CLOUDFLARE INC CL A COM | Stock | 18915M107 |  | 240129 | 1218 | SH |  | SOLE | 0 | 468 | 0 | 750 |
| UR-ENERGY INC COM | Stock | 91688R108 |  | 125135 | 90025 | SH |  | SOLE | 0 | 90025 | 0 | 0 |
| TESLA INC COM | Stock | 88160R101 |  | 2276932 | 5063 | SH |  | SOLE | 0 | 2893 | 0 | 2170 |
| TESLA INC COM | Stock | 88160R101 |  | 44972 | 100 | SH | Call | SOLE | 0 | 100 | 0 | 0 |
| TESLA INC COM | Stock | 88160R101 |  | 44972 | 100 | SH | Call | SOLE | 0 | 100 | 0 | 0 |
| TESLA INC COM | Stock | 88160R101 |  | 89944 | 200 | SH | Call | SOLE | 0 | 200 | 0 | 0 |
| ISHARES MSCI EMERGING MARKETS EX CHINA ETF | ETF | 46434G764 |  | 15770978 | 216992 | SH |  | SOLE | 0 | 159780 | 0 | 57211 |
| HILTON WORLDWIDE HLDGS INC COM | Stock | 43300A203 |  | 482580 | 1680 | SH |  | SOLE | 0 | 249 | 0 | 1431 |
| RAMBUS INC DEL COM | Stock | 750917106 |  | 314264 | 3420 | SH |  | SOLE | 0 | 0 | 0 | 3420 |
| NXP SEMICONDUCTORS N V COM | Stock | N6596X109 |  | 226611 | 1044 | SH |  | SOLE | 0 | 305 | 0 | 739 |
| SCHWAB U.S. LARGE-CAP VALUE ETF | ETF | 808524409 |  | 498194 | 16825 | SH |  | SOLE | 0 | 14067 | 0 | 2757 |
| AMPHENOL CORP CL A | Stock | 032095101 |  | 4205794 | 31122 | SH |  | SOLE | 0 | 28189 | 0 | 2931 |
| UNITED AIRLS HLDGS INC COM | Stock | 910047109 |  | 865599 | 7741 | SH |  | SOLE | 0 | 1591 | 0 | 6150 |
| VANGUARD S 500 ETF | ETF | 922908363 |  | 1596678 | 2546 | SH |  | SOLE | 0 | 2445 | 0 | 100 |
| ASTRAZENECA PLC ORD | ADR | G0593M107 |  | 2633263 | 28644 | SH |  | SOLE | 0 | 24440 | 0 | 4203 |
| UBER TECHNOLOGIES INC COM | Stock | 90353T100 |  | 2480552 | 30358 | SH |  | SOLE | 0 | 23782 | 0 | 6576 |
| STATE STREET SPDR S MIDCAP 400 ETF TRUST | ETF | 78467Y107 |  | 205115 | 340 | SH |  | SOLE | 0 | 340 | 0 | 0 |
| HUNTINGTON BANCSHARES INC COM | Stock | 446150104 |  | 1935219 | 111540 | SH |  | SOLE | 0 | 99027 | 0 | 12512 |
| CROWDSTRIKE HLDGS INC CL A | Stock | 22788C105 |  | 214223 | 457 | SH |  | SOLE | 0 | 367 | 0 | 90 |
| INVESCO S 500 EQUAL WEIGHT ETF | ETF | 46137V357 |  | 43622561 | 227723 | SH |  | SOLE | 0 | 152934 | 0 | 74788 |
| BLUE OWL CAPITAL CORPORATION COM | CEF | 69121K104 |  | 149160 | 12000 | SH |  | SOLE | 0 | 12000 | 0 | 0 |
| ELI LILLY  CO COM | Stock | 532457108 |  | 2072812 | 1929 | SH |  | SOLE | 0 | 1928 | 0 | 0 |
| LEIDOS HOLDINGS INC COM | Stock | 525327102 |  | 2870867 | 15914 | SH |  | SOLE | 0 | 13987 | 0 | 1926 |
| ISHARES RUSSELL MID-CAP VALUE ETF | ETF | 464287473 |  | 225962 | 1602 | SH |  | SOLE | 0 | 1602 | 0 | 0 |
| GLOBAL X CYBERSECURITY ETF | ETF | 37954Y384 |  | 2118347 | 69545 | SH |  | SOLE | 0 | 61190 | 0 | 8355 |
| FREEPORT MCMORAN INC CL B | Stock | 35671D857 |  | 2840566 | 55928 | SH |  | SOLE | 0 | 49591 | 0 | 6335 |
| API GROUP CORP COM STK | Stock | 00187Y100 |  | 689483 | 18021 | SH |  | SOLE | 0 | 18021 | 0 | 0 |
| JPMORGAN EQUITY PREMIUM INCOME ETF | ETF | 46641Q332 |  | 320261 | 5595 | SH |  | SOLE | 0 | 1772 | 0 | 3822 |
| QUANTA SVCS INC COM | Stock | 74762E102 |  | 227912 | 540 | SH |  | SOLE | 0 | 540 | 0 | 0 |
| ISHARES RUSSELL MID-CAP GROWTH ETF | ETF | 464287481 |  | 1052110 | 7683 | SH |  | SOLE | 0 | 7683 | 0 | 0 |
| T. ROWE PRICE EQUITY INCOME ETF | ETF | 87283Q206 |  | 258247 | 5717 | SH |  | SOLE | 0 | 5717 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC CL A | Stock | 69608A108 |  | 762014 | 4287 | SH |  | SOLE | 0 | 3109 | 0 | 1178 |
| INVESCO NASDAQ 100 ETF | ETF | 46138G649 |  | 300975 | 1190 | SH |  | SOLE | 0 | 0 | 0 | 1190 |
| SCHWAB US AGGREGATE BOND ETF | ETF | 808524839 |  | 3058032 | 130853 | SH |  | SOLE | 0 | 71467 | 0 | 59385 |
| ISHARES MSCI EAFE VALUE ETF | ETF | 464288877 |  | 226227 | 3168 | SH |  | SOLE | 0 | 3168 | 0 | 0 |
| ENERGY TRANSFER L P COM UT LTD PTN | Stock | 29273V100 |  | 230497 | 13978 | SH |  | SOLE | 0 | 10978 | 0 | 3000 |
| SCHWAB US DIVIDEND EQUITY ETF | ETF | 808524797 |  | 818119 | 29826 | SH |  | SOLE | 0 | 27638 | 0 | 2187 |
| VISA INC COM CL A | Stock | 92826C839 |  | 1880242 | 5361 | SH |  | SOLE | 0 | 1710 | 0 | 3651 |
| DIMENSIONAL U.S. SMALL CAP ETF | ETF | 25434V500 |  | 1795358 | 25769 | SH |  | SOLE | 0 | 24830 | 0 | 939 |
| HERSHEY CO COM | Stock | 427866108 |  | 267329 | 1469 | SH |  | SOLE | 0 | 0 | 0 | 1469 |
| ISHARES GOLD TRUST MICRO ETF OF BENEF INTEREST | ETF | 46436F103 |  | 1933518 | 44976 | SH |  | SOLE | 0 | 43695 | 0 | 1281 |
| VANGUARD VALUE ETF | ETF | 922908744 |  | 52807734 | 276495 | SH |  | SOLE | 0 | 197027 | 0 | 79467 |
| COSTAR GROUP INC | Stock | 22160N109 |  | 403574 | 6002 | SH |  | SOLE | 0 | 3101 | 0 | 2901 |
| L3HARRIS TECHNOLOGIES INC COM | Stock | 502431109 |  | 233682 | 796 | SH |  | SOLE | 0 | 796 | 0 | 0 |
| META PLATFORMS INC CL A | Stock | 30303M102 |  | 5038965 | 7634 | SH |  | SOLE | 0 | 6331 | 0 | 1302 |
| SERVICENOW INC COM | Stock | 81762P102 |  | 515025 | 3362 | SH |  | SOLE | 0 | 1672 | 0 | 1690 |
| JPMORGAN REALTY INCOME ETF | ETF | 46641Q126 |  | 4221130 | 90369 | SH |  | SOLE | 0 | 81086 | 0 | 9282 |
| O-I GLASS INC COM | Stock | 67098H104 |  | 1313123 | 88965 | SH |  | SOLE | 0 | 77365 | 0 | 11600 |
| BROADCOM INC COM | Stock | 11135F101 |  | 7750915 | 22395 | SH |  | SOLE | 0 | 19090 | 0 | 3304 |
| JOHNSON CTLS INTL PLC SHS | Stock | G51502105 |  | 3540888 | 29569 | SH |  | SOLE | 0 | 25572 | 0 | 3997 |
| WISDOMTREE TRUE EMERGING MARKETS FUND | ETF | 97717Y535 |  | 219601 | 6768 | SH |  | SOLE | 0 | 3004 | 0 | 3763 |
| ISHARES CORE MSCI TOTAL INTERNATIONAL STOCK ETF | ETF | 46432F834 |  | 2561037 | 30258 | SH |  | SOLE | 0 | 30127 | 0 | 131 |
| NOVARTIS AG SPONSORED ADR | ADR | 66987V109 |  | 610764 | 4430 | SH |  | SOLE | 0 | 4055 | 0 | 375 |
| ISHARES CORE MSCI EAFE ETF | ETF | 46432F842 |  | 634206 | 7089 | SH |  | SOLE | 0 | 4886 | 0 | 2203 |
| WD 40 CO COM | Stock | 929236107 |  | 348907 | 1772 | SH |  | SOLE | 0 | 1772 | 0 | 0 |
| ACCENTURE PLC IRELAND SHS CLASS A | Stock | G1151C101 |  | 603407 | 2249 | SH |  | SOLE | 0 | 2015 | 0 | 234 |
| OMNICOM GROUP INC COM | Stock | 681919106 |  | 915705 | 11340 | SH |  | SOLE | 0 | 9640 | 0 | 1700 |
| KROGER CO COM | Stock | 501044101 |  | 2849590 | 45608 | SH |  | SOLE | 0 | 39610 | 0 | 5998 |
| NVIDIA CORPORATION COM | Stock | 67066G104 |  | 12877974 | 69051 | SH |  | SOLE | 0 | 58203 | 0 | 10847 |
| WESTERN DIGITAL CORP COM | Stock | 958102105 |  | 275117 | 1597 | SH |  | SOLE | 0 | 1597 | 0 | 0 |
| CUMMINS INC COM | Stock | 231021106 |  | 2932569 | 5745 | SH |  | SOLE | 0 | 4888 | 0 | 856 |
| GENUINE PARTS CO COM | Stock | 372460105 |  | 257847 | 2097 | SH |  | SOLE | 0 | 902 | 0 | 1195 |
| WW GRAINGER INC COM | Stock | 384802104 |  | 2237336 | 2217 | SH |  | SOLE | 0 | 1927 | 0 | 290 |
| ABBVIE INC COM | Stock | 00287Y109 |  | 4354005 | 19056 | SH |  | SOLE | 0 | 16490 | 0 | 2564 |
| S GLOBAL INC COM | Stock | 78409V104 |  | 211649 | 405 | SH |  | SOLE | 0 | 138 | 0 | 267 |
| GOLDMAN SACHS PHYSICAL GOLD ETF | ETF | 38150K103 |  | 8258487 | 194089 | SH |  | SOLE | 0 | 141375 | 0 | 52714 |
| CASEYS GEN STORES INC COM | Stock | 147528103 |  | 511257 | 925 | SH |  | SOLE | 0 | 925 | 0 | 0 |
| VANGUARD FTSE ALL-WORLD EX-US ETF | ETF | 922042775 |  | 315465 | 4289 | SH |  | SOLE | 0 | 3932 | 0 | 356 |
| COTERRA ENERGY INC COM | Stock | 127097103 |  | 942703 | 35817 | SH |  | SOLE | 0 | 26384 | 0 | 9432 |
| KENVUE INC COM | Stock | 49177J102 |  | 191665 | 11111 | SH |  | SOLE | 0 | 232 | 0 | 10879 |
| RANGE RES CORP COM | Stock | 75281A109 |  | 224254 | 6360 | SH |  | SOLE | 0 | 6360 | 0 | 0 |
| ZOETIS INC CL A | Stock | 98978V103 |  | 218298 | 1735 | SH |  | SOLE | 0 | 528 | 0 | 1207 |
| TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | ADR | 874039100 |  | 395665 | 1302 | SH |  | SOLE | 0 | 54 | 0 | 1248 |
| ISHARES RUSSELL 2000 GROWTH ETF | ETF | 464287648 |  | 290709 | 900 | SH |  | SOLE | 0 | 900 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC COM | Stock | 98956P102 |  | 212211 | 2360 | SH |  | SOLE | 0 | 320 | 0 | 2040 |
| QUALCOMM INC COM | Stock | 747525103 |  | 2446634 | 14304 | SH |  | SOLE | 0 | 12142 | 0 | 2160 |
| FASTENAL CO COM | Stock | 311900104 |  | 616557 | 15364 | SH |  | SOLE | 0 | 14942 | 0 | 422 |
| GENERAL DYNAMICS CORP COM | Stock | 369550108 |  | 716412 | 2128 | SH |  | SOLE | 0 | 1629 | 0 | 499 |
| INTUITIVE SURGICAL INC COM NEW | Stock | 46120E602 |  | 873327 | 1542 | SH |  | SOLE | 0 | 947 | 0 | 595 |
| MCDONALDS CORP COM | Stock | 580135101 |  | 920252 | 3011 | SH |  | SOLE | 0 | 2821 | 0 | 190 |
| INTERCONTINENTAL EXCHANGE INC COM | Stock | 45866F104 |  | 206175 | 1273 | SH |  | SOLE | 0 | 1273 | 0 | 0 |
| CISCO SYS INC COM | Stock | 17275R102 |  | 2738759 | 35554 | SH |  | SOLE | 0 | 30565 | 0 | 4988 |
| ADVANCED MICRO DEVICES INC COM | Stock | 007903107 |  | 863707 | 4033 | SH |  | SOLE | 0 | 248 | 0 | 3785 |
| ISHARES BITCOIN TRUST ETF | ETF | 46438F101 |  | 666005 | 13414 | SH |  | SOLE | 0 | 9969 | 0 | 3445 |
| AUTODESK INC COM | Stock | 052769106 |  | 413822 | 1398 | SH |  | SOLE | 0 | 630 | 0 | 768 |
| WISDOMTREE INTERNATIONAL EQUITY FUND | ETF | 97717W703 |  | 783314 | 11392 | SH |  | SOLE | 0 | 10942 | 0 | 450 |
| AT INC COM | Stock | 00206R102 |  | 382357 | 15393 | SH |  | SOLE | 0 | 8590 | 0 | 6802 |
| VANGUARD INTERMEDIATE-TERM BOND ETF | ETF | 921937819 |  | 238072 | 3057 | SH |  | SOLE | 0 | 2802 | 0 | 254 |
| MARCUS CORP DEL COM | Stock | 566330106 |  | 540136 | 34825 | SH |  | SOLE | 0 | 28625 | 0 | 6200 |
| GLOBAL X MLP  ENERGY INFRASTRUCTURE ETF | ETF | 37954Y293 |  | 2191829 | 36211 | SH |  | SOLE | 0 | 32670 | 0 | 3540 |
| HEICO CORP NEW CL A | Stock | 422806208 |  | 263284 | 1043 | SH |  | SOLE | 0 | 742 | 0 | 301 |
| GE AEROSPACE COM NEW | Stock | 369604301 |  | 326845 | 1061 | SH |  | SOLE | 0 | 941 | 0 | 119 |
| ISHARES S SMALL-CAP 600 GROWTH ETF | ETF | 464287887 |  | 1686156 | 11945 | SH |  | SOLE | 0 | 11710 | 0 | 235 |
| SCHWAB FUNDAMENTAL EMERGING MARKETS EQUITY ETF | ETF | 808524730 |  | 265582 | 7365 | SH |  | SOLE | 0 | 7010 | 0 | 355 |
| ISHARES S 500 VALUE ETF | ETF | 464287408 |  | 402509 | 1898 | SH |  | SOLE | 0 | 1878 | 0 | 20 |
| STATE STREET SPDR PORTFOLIO S 600 SMALL CAP ETF | ETF | 78468R853 |  | 22958594 | 489940 | SH |  | SOLE | 0 | 361840 | 0 | 128099 |
| ISHARES S 500 GROWTH ETF | ETF | 464287309 |  | 654387 | 5309 | SH |  | SOLE | 0 | 5309 | 0 | 0 |
| ISHARES CORE S 500 ETF | ETF | 464287200 |  | 17563343 | 25642 | SH |  | SOLE | 0 | 17533 | 0 | 8109 |
| THE CIGNA GROUP COM | Stock | 125523100 |  | 252386 | 917 | SH |  | SOLE | 0 | 917 | 0 | 0 |
| SPDR BLOOMBERG ENHANCED ROLL YIELD COMMODITY STRATEGY NO K-1 ETF | ETF | 78468R440 |  | 699124 | 24488 | SH |  | SOLE | 0 | 21753 | 0 | 2734 |
| WELLS FARGO  CO COM | Stock | 949746101 |  | 4074248 | 43715 | SH |  | SOLE | 0 | 36006 | 0 | 7708 |
| UNION PAC CORP COM | Stock | 907818108 |  | 244555 | 1057 | SH |  | SOLE | 0 | 1057 | 0 | 0 |
| CINTAS CORP COM | Stock | 172908105 |  | 302605 | 1609 | SH |  | SOLE | 0 | 489 | 0 | 1120 |
| ISHARES MBS ETF | ETF | 464288588 |  | 489907 | 5145 | SH |  | SOLE | 0 | 5145 | 0 | 0 |
| SALESFORCE INC COM | Stock | 79466L302 |  | 281790 | 1064 | SH |  | SOLE | 0 | 1063 | 0 | 0 |
| IDEXX LABS INC COM | Stock | 45168D104 |  | 289555 | 428 | SH |  | SOLE | 0 | 396 | 0 | 32 |
| THERMO FISHER SCIENTIFIC INC COM | Stock | 883556102 |  | 323341 | 558 | SH |  | SOLE | 0 | 553 | 0 | 5 |
| MGIC INVT CORP WIS COM | Stock | 552848103 |  | 1533553 | 52483 | SH |  | SOLE | 0 | 49433 | 0 | 3050 |
| JPMORGAN CHASE  CO COM | Stock | 46625H100 |  | 2688391 | 8343 | SH |  | SOLE | 0 | 7166 | 0 | 1176 |
| CHEVRON CORPORATION COM | Stock | 166764100 |  | 749384 | 4917 | SH |  | SOLE | 0 | 4813 | 0 | 103 |
| ISHARES NATIONAL MUNI BOND ETF | ETF | 464288414 |  | 1152289 | 10758 | SH |  | SOLE | 0 | 10758 | 0 | 0 |
| VANGUARD FTSE DEVELOPED MARKETS ETF | ETF | 921943858 |  | 2116457 | 33880 | SH |  | SOLE | 0 | 31670 | 0 | 2209 |
| DANAHER CORPORATION | Stock | 235851102 |  | 328500 | 1435 | SH |  | SOLE | 0 | 1083 | 0 | 352 |
| TJX COS INC | Stock | 872540109 |  | 4584817 | 29847 | SH |  | SOLE | 0 | 26769 | 0 | 3077 |
| BANK AMERICA CORP COM | Stock | 060505104 |  | 2324708 | 42267 | SH |  | SOLE | 0 | 33343 | 0 | 8924 |
| FIRST TRUST GLOBAL TACTICAL COMMODITY STRATEGY FUND | ETF | 33739H101 |  | 430065 | 18513 | SH |  | SOLE | 0 | 18186 | 0 | 327 |
| MGE ENERGY INC COM | Stock | 55277P104 |  | 354942 | 4526 | SH |  | SOLE | 0 | 4376 | 0 | 150 |
| WALMART INC COM | Stock | 931142103 |  | 4930666 | 44257 | SH |  | SOLE | 0 | 39199 | 0 | 5057 |
| INTERNATIONAL BUSINESS MACHS COM | Stock | 459200101 |  | 4105493 | 13860 | SH |  | SOLE | 0 | 11469 | 0 | 2390 |
| ORACLE CORP COM | Stock | 68389X105 |  | 1579223 | 8102 | SH |  | SOLE | 0 | 7495 | 0 | 607 |
| VANGUARD FTSE EMERGING MARKETS ETF | ETF | 922042858 |  | 497725 | 9258 | SH |  | SOLE | 0 | 8488 | 0 | 770 |
| INVESCO EQUAL WEIGHT ENERGY ETF | ETF | 46137V365 |  | 4606320 | 57879 | SH |  | SOLE | 0 | 51070 | 0 | 6808 |
| PFIZER INC COM | Stock | 717081103 |  | 763679 | 30670 | SH |  | SOLE | 0 | 25110 | 0 | 5558 |
| MORGAN STANLEY COM NEW | Stock | 617446448 |  | 202562 | 1141 | SH |  | SOLE | 0 | 639 | 0 | 502 |
| CATERPILLAR INC COM | Stock | 149123101 |  | 4311455 | 7526 | SH |  | SOLE | 0 | 6543 | 0 | 982 |
| ALPHABET INC CAP STK CL C | Stock | 02079K107 |  | 22147790 | 70579 | SH |  | SOLE | 0 | 64976 | 0 | 5602 |
| ALPHABET INC CAP STK CL C | Stock | 02079K107 |  | 313800 | 1000 | SH | Put | SOLE | 0 | 1000 | 0 | 0 |
| ALPHABET INC CAP STK CL C | Stock | 02079K107 |  | 282420 | 900 | SH | Put | SOLE | 0 | 900 | 0 | 0 |
| ALPHABET INC CAP STK CL C | Stock | 02079K107 |  | 282420 | 900 | SH | Put | SOLE | 0 | 900 | 0 | 0 |
| AMERICAN EXPRESS CO COM | Stock | 025816109 |  | 234693 | 634 | SH |  | SOLE | 0 | 402 | 0 | 232 |
| AMGEN INC COM | Stock | 031162100 |  | 764269 | 2335 | SH |  | SOLE | 0 | 2183 | 0 | 152 |
| APPLIED MATLS INC COM | Stock | 038222105 |  | 392938 | 1529 | SH |  | SOLE | 0 | 977 | 0 | 552 |
| WISDOMTREE EMERGING MARKETS HIGH DIVIDEND FUND | ETF | 97717W315 |  | 213932 | 4580 | SH |  | SOLE | 0 | 4380 | 0 | 200 |
| TEXAS ROADHOUSE INC COM | Stock | 882681109 |  | 210820 | 1270 | SH |  | SOLE | 0 | 1270 | 0 | 0 |
| TRANSDIGM GROUP INC COM | Stock | 893641100 |  | 324483 | 244 | SH |  | SOLE | 0 | 26 | 0 | 218 |
| ISHARES CORE S U.S. GROWTH ETF | ETF | 464287671 |  | 624737 | 3720 | SH |  | SOLE | 0 | 3720 | 0 | 0 |
| ISHARES CORE U.S. AGGREGATE BOND ETF | ETF | 464287226 |  | 75740861 | 758319 | SH |  | SOLE | 0 | 601055 | 0 | 157263 |
| ISHARES CORE DIVIDEND GROWTH ETF | ETF | 46434V621 |  | 241373 | 3477 | SH |  | SOLE | 0 | 3477 | 0 | 0 |
| STATE STREET SPDR PORTFOLIO S 500 ETF | ETF | 78464A854 |  | 13273696 | 165466 | SH |  | SOLE | 0 | 104115 | 0 | 61350 |
| EATON CORP PLC SHS | Stock | G29183103 |  | 216268 | 679 | SH |  | SOLE | 0 | 679 | 0 | 0 |
| AXON ENTERPRISE INC COM | Stock | 05464C101 |  | 725247 | 1277 | SH |  | SOLE | 0 | 1277 | 0 | 0 |
| ISHARES S SMALL-CAP 600 VALUE ETF | ETF | 464287879 |  | 2057536 | 18093 | SH |  | SOLE | 0 | 17888 | 0 | 205 |
| ISHARES INTERMEDIATE GOVERNMENT/CREDIT BOND ETF | ETF | 464288612 |  | 25069703 | 233532 | SH |  | SOLE | 0 | 177171 | 0 | 56361 |
| ALLIANT ENERGY CORP COM | Stock | 018802108 |  | 548619 | 8439 | SH |  | SOLE | 0 | 8439 | 0 | 0 |
| STATE STREET SPDR PORTFOLIO S 500 GROWTH ETF | ETF | 78464A409 |  | 57489869 | 538799 | SH |  | SOLE | 0 | 383970 | 0 | 154828 |
| STATE STREET SPDR PORTFOLIO S 500 VALUE ETF | ETF | 78464A508 |  | 479783 | 8445 | SH |  | SOLE | 0 | 8003 | 0 | 442 |
| PHILIP MORRIS INTL INC COM | Stock | 718172109 |  | 279785 | 1744 | SH |  | SOLE | 0 | 1556 | 0 | 188 |
| PARKER-HANNIFIN CORP COM | Stock | 701094104 |  | 3523973 | 4009 | SH |  | SOLE | 0 | 3552 | 0 | 456 |
| ISHARES GLOBAL INFRASTRUCTURE ETF | ETF | 464288372 |  | 741045 | 12077 | SH |  | SOLE | 0 | 12077 | 0 | 0 |
| VANGUARD MEGA CAP GROWTH ETF | ETF | 921910816 |  | 494498 | 1198 | SH |  | SOLE | 0 | 1035 | 0 | 163 |
| BRISTOL-MYERS SQUIBB CO COM | Stock | 110122108 |  | 2120191 | 39306 | SH |  | SOLE | 0 | 34448 | 0 | 4858 |
| CITIGROUP INC COM NEW | Stock | 172967424 |  | 4808815 | 41210 | SH |  | SOLE | 0 | 37020 | 0 | 4189 |
| CADENCE DESIGN SYSTEM INC COM | Stock | 127387108 |  | 343213 | 1098 | SH |  | SOLE | 0 | 528 | 0 | 570 |
| EXXON MOBIL CORP COM | Stock | 30231G102 |  | 599151 | 4979 | SH |  | SOLE | 0 | 4292 | 0 | 686 |
| UNITEDHEALTH GROUP INC COM | Stock | 91324P102 |  | 1517569 | 4597 | SH |  | SOLE | 0 | 3955 | 0 | 642 |
| TRAVELERS COMPANIES INC COM | Stock | 89417E109 |  | 232048 | 800 | SH |  | SOLE | 0 | 223 | 0 | 577 |
| DEERE  CO COM | Stock | 244199105 |  | 274112 | 589 | SH |  | SOLE | 0 | 567 | 0 | 21 |
| COLGATE PALMOLIVE CO COM | Stock | 194162103 |  | 269458 | 3410 | SH |  | SOLE | 0 | 3210 | 0 | 200 |
| GRAYSCALE BITCOIN TRUST ETF | ETF | 389637109 |  | 239465 | 3503 | SH |  | SOLE | 0 | 3503 | 0 | 0 |
| SCHWAB CHARLES CORP COM | Stock | 808513105 |  | 314562 | 3148 | SH |  | SOLE | 0 | 1212 | 0 | 1936 |
| STATE STREET SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF | ETF | 78463X889 |  | 245587 | 5530 | SH |  | SOLE | 0 | 5130 | 0 | 400 |
| ISHARES ESG SELECT S MIDCAP ETF | ETF | 464287507 |  | 849552 | 12872 | SH |  | SOLE | 0 | 10741 | 0 | 2131 |
| INVESCO OPTIMUM YIELD DIVERSIFIED COMMODITY STRATEGY NO K-1 ETF | ETF | 46090F100 |  | 3846019 | 290266 | SH |  | SOLE | 0 | 215034 | 0 | 75231 |
| ISHARES MSCI EAFE ETF | ETF | 464287465 |  | 788974 | 8216 | SH |  | SOLE | 0 | 7914 | 0 | 301 |
| APPLE INC COM | Stock | 037833100 |  | 13588626 | 49984 | SH |  | SOLE | 0 | 37504 | 0 | 12479 |
| GSK PLC SPONSORED ADR | ADR | 37733W204 |  | 309393 | 6309 | SH |  | SOLE | 0 | 144 | 0 | 6165 |
| WEC ENERGY GROUP INC COM | Stock | 92939U106 |  | 469402 | 4451 | SH |  | SOLE | 0 | 4245 | 0 | 206 |
| ABBOTT LABS COM | Stock | 002824100 |  | 763768 | 6096 | SH |  | SOLE | 0 | 5756 | 0 | 340 |
| ADVANCED DRAIN SYS INC DEL COM | Stock | 00790R104 |  | 329923 | 2278 | SH |  | SOLE | 0 | 2278 | 0 | 0 |
| DISNEY WALT CO COM | Stock | 254687106 |  | 2350230 | 20658 | SH |  | SOLE | 0 | 18530 | 0 | 2127 |
| RAYMOND JAMES FINL INC | Stock | 754730109 |  | 1881300 | 11715 | SH |  | SOLE | 0 | 10393 | 0 | 1321 |
| ISHARES RUSSELL 1000 ETF | ETF | 464287622 |  | 209873 | 562 | SH |  | SOLE | 0 | 562 | 0 | 0 |
| ISHARES RUSSELL 1000 VALUE ETF | ETF | 464287598 |  | 2383783 | 11333 | SH |  | SOLE | 0 | 4494 | 0 | 6839 |

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