ELLENBECKER INVESTMENT GROUP
Q1 2022 Form 13-F
WAUKESHA, WISCONSIN
CIK 0001731497
· CRD 173851
· SEC-registered investment adviser
$352.8M Reported Value Total
ELLENBECKER INVESTMENT GROUP reports 6,316 total accounts under management (AUM). There are 6,276 discretionary accounts valued at $1,370,410,775, and 40 non-discretionary accounts valued at $20,577,608.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2026-03-27
Reported value
$352.8M
Quarter over quarter
-4.9%
Holdings
86
Top-10 concentration
82.2%
Key People
Form ADV owners & control persons
Karen Jean Ellenbecker
FOUNDER, SECRETARY AND TREASURER
Julie Ann Ellenbecker-Lipsky
PRESIDENT AND CHIEF EXECUTIVE OFFICER
Michele Lee Pawlak
CHIEF COMPLIANCE OFFICER & DIRECTOR OF BUSINESS SERVICES
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13F Metrics
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Q1 2022 13F record
Q1 2022 13F filing summary
| Period of report | March 31, 2022 |
|---|---|
| Filed | April 13, 2022 |
| Form | 13F-HR |
| Reported value | $352.8M |
| Positions | 86 |
| Change in reported value | -2.2% |
| New positions | 3 |
| Exited positions | 7 |
| Position turnover | 10.8% |
| Top-10 concentration | 82.2% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Jul 27, 2026
|
149 | $860.2M |
|
Q1 2026 13F
Filed Apr 23, 2026
|
134 | $742.9M |
|
Q4 2025 13F
Filed Jan 30, 2026
|
132 | $714.7M |
|
Q3 2025 13F
Filed Oct 14, 2025
|
128 | $677.8M |
|
Q2 2025 13F
Filed Jul 22, 2025
|
119 | $619.0M |
|
Q1 2025 13F
Filed Apr 15, 2025
|
112 | $556.5M |
|
Q4 2024 13F
Filed Jan 13, 2025
|
112 | $559.2M |
|
Q3 2024 13F
Filed Oct 17, 2024
|
109 | $529.2M |
|
Q2 2024 13F
Filed Jul 11, 2024
|
117 | $496.9M |
|
Q1 2024 13F
Filed Apr 9, 2024
|
105 | $476.2M |
|
Q4 2023 13F
Filed Feb 1, 2024
|
97 | $431.8M |
|
Q3 2023 13F
Filed Oct 17, 2023
|
98 | $386.3M |
|
Q2 2023 13F
Filed Jul 31, 2023
|
95 | $396.5M |
|
Q1 2023 13F
Filed Apr 18, 2023
|
90 | $367.4M |
|
Q4 2022 13F
Filed Jan 11, 2023
|
86 | $338.4M |
|
Q3 2022 13F
Filed Oct 17, 2022
|
80 | $315.5M |
|
Q2 2022 13F
Filed Jul 5, 2022
|
82 | $325.6M |
|
Q1 2022 13F
Filed Apr 13, 2022
|
86 | $352.8M |
|
Q4 2021 13F
Filed Jan 4, 2022
|
90 | $360.9M |
|
Q3 2021 13F
Filed Oct 20, 2021
|
72 | $319.9M |
15 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q1 2022
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | IVV ISHARES TR | $140.6M | 39.85% |
| 2 | VB VANGUARD INDEX FDS | $35.8M | 10.15% |
| 3 | USRT ISHARES TR | $33.8M | 9.57% |
| 4 | AGG ISHARES TR | $26.1M | 7.4% |
| 5 | IWF ISHARES TR | $18.5M | 5.23% |
| 6 | IJR ISHARES TR | $13.3M | 3.77% |
| 7 | SPY SPDR S&P 500 ETF TR | $6.4M | 1.82% |
| 8 | AAPL APPLE INC | $6.2M | 1.75% |
| 9 | IWD ISHARES TR | $4.8M | 1.37% |
| 10 | VEA VANGUARD INTL EQUITY INDEX F | $4.6M | 1.3% |
| 11 | VO VANGUARD INDEX FDS | $4.3M | 1.21% |
| 12 | TIP ISHARES TR | $3.1M | 0.87% |
| 13 | MSFT MICROSOFT CORP | $2.9M | 0.84% |
| 14 | VWO VANGUARD INTL EQUITY INDEX F | $2.8M | 0.8% |
| 15 | SDY SPDR SERIES TRUST | $2.7M | 0.75% |
| 16 | PM PHILIP MORRIS INTL INC | $2.3M | 0.64% |
| 17 | MO ALTRIA GROUP INC | $2.2M | 0.63% |
| 18 | BND VANGUARD INDEX FDS | $2.1M | 0.61% |
| 19 | IWR ISHARES TR | $2.1M | 0.6% |
| 20 | WEC WEC ENERGY GROUP INC | $2.0M | 0.57% |
Values as reported on the Q1 2022 Form 13F. Every position is in the holdings table below.