North Star Investment Management Corp. — 13F Holdings & Portfolio
CIK 1342857 · latest 13F-HR filed 2026-10-27
North Star Investment Management Corp. manages $1.85B in 13F-reported U.S. long-equity assets across 1,748 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are JPM (4.70%), AAPL (4.27%), IVW (3.86%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 108 new positions and exited 93; 452 existing positions rose in reported value and 734 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$1.85B
Long-equity book
Holdings
1,748
Distinct positions
Period
2026-09-30
Filed 2026-10-27
Q/Q Activity
+108 / −93 / ↑452 / ↓734
vs 2026-06-30
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q3 26JPM4.7% · +0%AAPL4.3% · -1%IVW3.9% · -1%VTI2.8% · -2%MSFT2.7% · -0%SPY2.6% · -1%VCSH2.5% · -19%IVE2.4% · +0%VOO1.6% · -1%ORI1.6% · +0%GOOGL1.2% · -1%MUB1.1% · +36%ABBV1.0% · +0%BX1.0% · -1%AMZN0.9% · -0%OESX0.9% · +0%VTIP0.9% · -3%ACU0.8% · 0%IVV0.8% · -1%JNJ0.8% · +2%UNP0.8% · +0%AMLP0.8% · -3%QQQ0.8% · -2%AGG0.7% · +113%ORCL0.7% · -0%DVY0.7% · -0%GOOG0.7% · +1%IWB0.6% · 0%PSTL0.6% · -0%VXF0.6% · -0%VEA0.6% · +1%VIG0.6% · +2%BAC0.6% · +0%GLD0.6% · +0%SCHD0.5% · +3%CAT0.5% · -1%COST0.5% · -0%SPHR0.5% · -2%XOM0.5% · +3%CSCO0.5% · +0%FITB0.5% · -0%AMD0.5% · -7%AMGN0.5% · -1%BRK.B0.5% · -0%EFV0.5% · +0%KKR0.5% · -0%LLY0.5% · +0%MRK0.5% · +0%MDST0.4% · +38%ESCA0.4% · -0%NVDA0.4% · +2%SII0.4% · -1%QCOM0.4% · +1%TMO0.4% · 0%WHG0.4% · +0%VPLS0.4% · +12%PAYX0.4% · +1%AJG0.4% · 0%RCKY0.4% · 0%INTC0.4% · +0%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q2 26 → Q3 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 29.2%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Aug 28, 2026.
Assets Under Management
$3.35B
Discretionary
$3.32B
Employees
19
Accounts
3,554
Address
ONE NEENAH CENTER, SUITE 300
NEENAH, WI 54956
NEENAH, WI 54956
Phone
(920) 729-7900
Website
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| BUCHANAN, BRADLEY, CRAIG Control | MANAGING DIRECTOR since Nov 1997 | 5–10% | Individual |
| FLESCH, MICHAEL, DAVID Control | BOARD OF DIRECTOR since May 1996 | 10–25% | Individual |
| HACKFORT, DAVID, LEO Control | PRESIDENT/MANAGING DIRECTOR since Jan 2023 | 5–10% | Individual |
| HUNTLEY, ROBERT, SCOTT Control | BOARD OF DIRECTOR since May 2000 | Less than 5% | Individual |
| PENN, GEOFFRY, ALAN Control | MANAGING DIRECTOR since May 1996 | 10–25% | Individual |
| REILLY, MARK, PATRICK Control | MANAGING DIRECTOR since Dec 2006 | 5–10% | Individual |
| RISGAARD, DAVID, WILLIAM Control | MANAGING DIRECTOR since May 1996 | 10–25% | Individual |
| BRUSDA, ALEX, JAY | VICE PRESIDENT AND PORTFOLIO MANAGER since Jan 2019 | Less than 5% | Individual |
| Brusda, Jan | SHAREHOLDER since Jul 2026 | 5–10% | Individual |
| HAQUE, EMIL, ANIL JOHANNES | VICE PRESIDENT AND PORTFOLIO MANAGER since Nov 2022 | Less than 5% | Individual |
| JOCHMAN, KAREN, MARIE | CHIEF COMPLIANCE OFFICER since Apr 2022 | Less than 5% | Individual |
| JOHNSON, JACOB, W | PORTFOLIO MANAGER since Jan 2023 | Less than 5% | Individual |
| KREPLINE, DREW, JOSEPH | PORTFOLIO MANAGER since Jan 2022 | Less than 5% | Individual |
| PENN, NATHANIEL, ROLAND | PORTFOLIO MANAGER since Jan 2022 | Less than 5% | Individual |
| RICHTER, KITTI, C | SHAREHOLDER since Mar 2019 | 10–25% | Individual |
| VAN HANDEL, BENJAMIN, DOUGLAS | VICE PRESIDENT AND PORTFOLIO MANAGER since Jan 2019 | Less than 5% | Individual |
Ownership & leadership changes · 13 filings with changes since Feb 21, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Aug 28, 2026 filing
- No longer listedBRUSDA, KENNETH, JAY · CHAIRMAN OF THE BOARD · 5–10% · control person · listed since May 1996
- AddedBrusda, Jan · SHAREHOLDER · 5–10%
Mar 27, 2025 filing
- AddedJOHNSON, JACOB, W · PORTFOLIO MANAGER · Less than 5%
- AddedRICHTER, KITTI, C · SHAREHOLDER · 10–25%
- ChangedHUNTLEY, ROBERT, SCOTT · title MANAGING DIRECTOR → BOARD OF DIRECTOR; ownership 5–10% → Less than 5%
Mar 26, 2024 filing
- AddedKREPLINE, DREW, JOSEPH · PORTFOLIO MANAGER · Less than 5%
- AddedPENN, NATHANIEL, ROLAND · PORTFOLIO MANAGER · Less than 5%
- ChangedBRUSDA, KENNETH, JAY · ownership 10–25% → 5–10%
Mar 30, 2023 filing
- ChangedHACKFORT, DAVID, LEO · ownership Less than 5% → 5–10%
Jan 6, 2023 filing
- ChangedBRUSDA, KENNETH, JAY · title CHAIRMAN → CHAIRMAN OF THE BOARD
- ChangedFLESCH, MICHAEL, DAVID · title PRESIDENT/MANAGING DIRECTOR → BOARD OF DIRECTOR
- ChangedHACKFORT, DAVID, LEO · title MANAGING DIRECTOR → PRESIDENT/MANAGING DIRECTOR
- ChangedHAQUE, EMIL, ANIL JOHANNES · title PORTFOLIO MANAGER AND ANALYST → VICE PRESIDENT AND PORTFOLIO MANAGER
Apr 5, 2022 filing
- No longer listedKAUFERT, RENEE, LUCILLE · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Oct 2004
- AddedJOCHMAN, KAREN, MARIE · CHIEF COMPLIANCE OFFICER · Less than 5%
- ChangedBUCHANAN, BRADLEY, CRAIG · title VICE PRES/PORTFOLIO MANAGER → MANAGING DIRECTOR; now a control person
- ChangedFLESCH, MICHAEL, DAVID · title PRESIDENT/MANAGING DIRECTOR/PORTFOLIO MANAGER → PRESIDENT/MANAGING DIRECTOR
- ChangedHACKFORT, DAVID, LEO · title VICE PRESIDENT AND PORTFOLIO MANAGER → MANAGING DIRECTOR; now a control person
- ChangedHUNTLEY, ROBERT, SCOTT · title VICE PRESIDENT/PORTFOLIO MANAGER → MANAGING DIRECTOR; now a control person
- ChangedPENN, GEOFFRY, ALAN · title MANAGING DIRECTOR/PORTFOLIO MANAGER → MANAGING DIRECTOR
- ChangedREILLY, MARK, PATRICK · title VICE PRESIDENT/PORTFOLIO MANAGER → MANAGING DIRECTOR; now a control person
- ChangedRISGAARD, DAVID, WILLIAM · title MANAGING DIRECTOR/PORTFOLIO MANAGER → MANAGING DIRECTOR
Mar 29, 2022 filing
- AddedHAQUE, EMIL, ANIL JOHANNES · PORTFOLIO MANAGER AND ANALYST · Less than 5%
- ChangedBRUSDA, ALEX, JAY · title PORTFOLIO MANAGER → VICE PRESIDENT AND PORTFOLIO MANAGER
- ChangedVAN HANDEL, BENJAMIN, DOUGLAS · title PORTFOLIO MANAGER → VICE PRESIDENT AND PORTFOLIO MANAGER
Feb 25, 2021 filing
- ChangedBRUSDA, KENNETH, JAY · title CHAIRMAN AND MANAGING DIRECTOR → CHAIRMAN
Apr 9, 2019 filing
- ChangedFLESCH, MICHAEL, DAVID · title PRESIDENT/MANAGING DIRECTOR → PRESIDENT/MANAGING DIRECTOR/PORTFOLIO MANAGER
- ChangedPENN, GEOFFRY, ALAN · title MANAGING DIRECTOR → MANAGING DIRECTOR/PORTFOLIO MANAGER
- ChangedRISGAARD, DAVID, WILLIAM · title MANAGING DIRECTOR → MANAGING DIRECTOR/PORTFOLIO MANAGER
Apr 8, 2019 filing
- No longer listedRICHTER, ERIC · MANAGING DIRECTOR · 10–25% · control person · listed since May 1996
- AddedBRUSDA, ALEX, JAY · PORTFOLIO MANAGER · Less than 5%
- AddedVAN HANDEL, BENJAMIN, DOUGLAS · PORTFOLIO MANAGER · Less than 5%
- ChangedBRUSDA, KENNETH, JAY · ownership 25–50% → 10–25%
- ChangedBUCHANAN, BRADLEY, CRAIG · ownership 10–25% → 5–10%
- ChangedFLESCH, MICHAEL, DAVID · title PRESIDENT → PRESIDENT/MANAGING DIRECTOR
- ChangedREILLY, MARK, PATRICK · ownership Less than 5% → 5–10%
Older changes (4 more filings)
Mar 10, 2016 filing
- No longer listedKURKOWSKI, THOMAS · VICE PRESIDENT/PORTFOLIO MANAGER · Less than 5% · control person · listed since Aug 2007
- ChangedFLESCH, MICHAEL, DAVID · title MANAGING DIRECTOR → PRESIDENT
- ChangedRISGAARD, DAVID, WILLIAM · title PRESIDENT AND MANAGING DIRECTOR → MANAGING DIRECTOR
May 5, 2014 filing
- ChangedBRUSDA, KENNETH, JAY · title PRESIDENT/MANAGING DIRECTOR → CHAIRMAN AND MANAGING DIRECTOR
- ChangedRISGAARD, DAVID, WILLIAM · title MANAGING DIRECTOR → PRESIDENT AND MANAGING DIRECTOR
Sep 7, 2012 filing
- AddedHACKFORT, DAVID, LEO · VICE PRESIDENT AND PORTFOLIO MANAGER · Less than 5%
- ChangedBUCHANAN, BRADLEY, CRAIG · ownership Less than 5% → 10–25%
- ChangedHUNTLEY, ROBERT, SCOTT · ownership Less than 5% → 5–10%
Feb 21, 2012 filing (earliest on record)
- ListedBRUSDA, KENNETH, JAY · PRESIDENT/MANAGING DIRECTOR · 25–50% · control person
- ListedBUCHANAN, BRADLEY, CRAIG · VICE PRES/PORTFOLIO MANAGER · Less than 5%
- ListedFLESCH, MICHAEL, DAVID · MANAGING DIRECTOR · 10–25% · control person
- ListedHUNTLEY, ROBERT, SCOTT · VICE PRESIDENT/PORTFOLIO MANAGER · Less than 5%
- ListedKAUFERT, RENEE, LUCILLE · CHIEF COMPLIANCE OFFICER · Less than 5%
- ListedKURKOWSKI, THOMAS · VICE PRESIDENT/PORTFOLIO MANAGER · Less than 5% · control person
- ListedPENN, GEOFFRY, ALAN · MANAGING DIRECTOR · 10–25% · control person
- ListedREILLY, MARK, PATRICK · VICE PRESIDENT/PORTFOLIO MANAGER · Less than 5%
- ListedRICHTER, ERIC · MANAGING DIRECTOR · 10–25% · control person
- ListedRISGAARD, DAVID, WILLIAM · MANAGING DIRECTOR · 10–25% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- MICROSOFT$13.4M +36.8%
- APPLE INC$10.0M +14.4%
- ORION ENERGY SYSTEMS INC$9.9M +161.2%
- ISHARES AGGREGATE BOND ETF$6.8M +103.2%
- ISHARES AMT-FREE MUNI BOND ETF$4.5M +27.5%
Top Trims
- VANGUARD SHORT TERM CORP BOND FD ETF-$12.4M -20.9%
- CATERPILLAR INC COM-$3.2M -24.3%
- SPHERE ENTERTAINMENT CO CL A-$3.0M -23.6%
- OLD REP INTL CORP COM-$2.8M -8.6%
- BLUE BIRD CORP COM-$2.7M -30.8%
New Positions
- ONEOK INC COM$2.6M
- WISDOMTREE INC 4.625 08/15/2030$1.4M
- TICKETPLUS LTD ORDINARY SHARES$1.2M
- IDEX CORP$1.1M
- DELUXE CORP MEDIUM TERM NTS COM$1.0M
Exited Positions
- ONEOK INC NEW COM$2.6M
- MODIV INDUSTRIAL INC COM STK CL C$2.1M
- EVI INDS INC COM$916.4K
- CROWN CRAFTS INC COM$480.0K
- ATAIBECKLEY INC COM SHS$202.2K
North Star Investment Management Corp. Holdings (2026-09-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | JPMORGAN CHASE & CO COM | JPM | 46625H100 | $87.0M | 4.70% | 263,073 | SH |
| 2 | APPLE INC | AAPL | 037833100 | $79.2M | 4.27% | 237,762 | SH |
| 3 | ISHARES S&P 500 GROWTH ETF | IVW | 464287309 | $71.5M | 3.86% | 502,331 | SH |
| 4 | VANGUARD TOTAL STK MKT | VTI | 922908769 | $52.4M | 2.83% | 140,095 | SH |
| 5 | MICROSOFT | MSFT | 594918104 | $49.6M | 2.68% | 96,763 | SH |
| 6 | STATE STREET SPDR S&P 500 ETF | SPY | 78462F103 | $48.8M | 2.64% | 64,033 | SH |
| 7 | VANGUARD SHORT TERM CORP BOND FD ETF | VCSH | 92206C409 | $46.8M | 2.53% | 605,793 | SH |
| 8 | ISHARES S&P 500 VALUE ETF | IVE | 464287408 | $45.3M | 2.44% | 198,409 | SH |
| 9 | VANGUARD S&P 500 ETF | VOO | 922908363 | $30.5M | 1.64% | 43,451 | SH |
| 10 | OLD REP INTL CORP COM | ORI | 680223104 | $29.9M | 1.62% | 802,185 | SH |
| 11 | GOOGLE INC | GOOGL | 02079K305 | $21.9M | 1.18% | 63,760 | SH |
| 12 | ISHARES AMT-FREE MUNI BOND ETF | MUB | 464288414 | $20.8M | 1.12% | 205,451 | SH |
| 13 | ABBVIE INC COM | ABBV | 00287Y109 | $19.3M | 1.04% | 73,872 | SH |
| 14 | BLACKSTONE GROUP LP | BX | 09260D107 | $18.9M | 1.02% | 168,219 | SH |
| 15 | AMAZON.COM INC | AMZN | 023135106 | $16.1M | 0.87% | 64,601 | SH |
| 16 | ORION ENERGY SYSTEMS INC | OESX | 686275207 | $16.1M | 0.87% | 527,552 | SH |
| 17 | VANGUARD SHORT TERM INFL-PROTECTED | VTIP | 922020805 | $15.9M | 0.86% | 322,687 | SH |
| 18 | ACME UTD CORP COM | ACU | 004816104 | $15.7M | 0.85% | 247,667 | SH |
| 19 | ISHARES S&P 500 INDEX | IVV | 464287200 | $15.6M | 0.84% | 20,366 | SH |
| 20 | JOHNSON & JOHNSON COM | JNJ | 478160104 | $15.3M | 0.83% | 57,961 | SH |
| 21 | UNION PAC CORP COM | UNP | 907818108 | $15.3M | 0.83% | 56,163 | SH |
| 22 | ALPS TRUST ETF ALERIAN MLP | AMLP | 00162Q452 | $14.9M | 0.80% | 286,345 | SH |
| 23 | POWERSHARES QQQ TR | QQQ | 46090E103 | $14.0M | 0.76% | 18,931 | SH |
| 24 | ISHARES AGGREGATE BOND ETF | AGG | 464287226 | $13.4M | 0.72% | 141,572 | SH |
| 25 | ORACLE CORPORATION | ORCL | 68389X105 | $12.8M | 0.69% | 93,059 | SH |
| 26 | ISHARES DJ SELECT DIVIDEND | DVY | 464287168 | $12.6M | 0.68% | 82,761 | SH |
| 27 | ALPHABET INC CAP STK CL C | GOOG | 02079K107 | $12.5M | 0.67% | 36,578 | SH |
| 28 | ISHARES TR RUSSELL 1000 INDEX ETF | IWB | 464287622 | $11.8M | 0.64% | 28,310 | SH |
| 29 | POSTAL REALTY TRUST INC CL A | PSTL | 73757R102 | $11.1M | 0.60% | 483,231 | SH |
| 30 | VANGUARD EXTENDED MARKET ETF | VXF | 922908652 | $11.0M | 0.59% | 47,513 | SH |
| 31 | VANGUARD FTSE DEVELOPED MARKETS ETF | VEA | 921943858 | $10.6M | 0.57% | 149,789 | SH |
| 32 | VANGUARD DIVIDEND APPRECIATION ETF | VIG | 921908844 | $10.5M | 0.57% | 44,879 | SH |
| 33 | BANK OF AMER CORP COM | BAC | 060505104 | $10.4M | 0.56% | 191,065 | SH |
| 34 | SPDR GOLD ETF | GLD | 78463V107 | $10.2M | 0.55% | 26,813 | SH |
| 35 | SCHWAB US DIVIDEND EQUITY ETF | SCHD | 808524797 | $10.1M | 0.54% | 309,776 | SH |
| 36 | CATERPILLAR INC COM | CAT | 149123101 | $9.8M | 0.53% | 12,120 | SH |
| 37 | COSTCO WHOLESALE CORP | COST | 22160K105 | $9.8M | 0.53% | 10,711 | SH |
| 38 | SPHERE ENTERTAINMENT CO CL A | SPHR | 55826T102 | $9.7M | 0.52% | 71,847 | SH |
| 39 | EXXONMOBIL HOLDINGS CORP COM SHS | XOM | 30233Q108 | $9.6M | 0.52% | 59,236 | SH |
| 40 | CISCO SYS INC | CSCO | 17275R102 | $9.6M | 0.52% | 89,463 | SH |
| 41 | FIFTH THIRD BANCORP | FITB | 316773100 | $9.6M | 0.52% | 189,418 | SH |
| 42 | ADVANCED MICRO DEVICES INC COM | AMD | 007903107 | $9.5M | 0.51% | 15,523 | SH |
| 43 | AMGEN INC | AMGN | 031162100 | $9.3M | 0.50% | 22,064 | SH |
| 44 | BERKSHIRE HATHAWAY INC DEL CL B NEW | BRK.B | 084670702 | $9.2M | 0.50% | 18,502 | SH |
| 45 | ISHARES MSCI EAFE VALUE ETF | EFV | 464288877 | $9.1M | 0.49% | 114,613 | SH |
| 46 | KKR & CO LP | KKR | 48251W104 | $9.1M | 0.49% | 99,259 | SH |
| 47 | ELI LILLY & CO COM | LLY | 532457108 | $8.6M | 0.46% | 7,418 | SH |
| 48 | MERCK & CO INC | MRK | 58933Y105 | $8.4M | 0.45% | 57,632 | SH |
| 49 | WESTWOOD SALIENT ENHANCED MIDSTREAM INCOME ETF | MDST | 90386K589 | $8.3M | 0.45% | 301,563 | SH |
| 50 | ESCALADE INC COM | ESCA | 296056104 | $8.0M | 0.43% | 420,146 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-27 | $1.85B | 1,748 | 0001062993-26-005567 |
| 2026-06-30 | 2026-07-28 | $1.84B | 1,733 | 0001062993-26-003882 |
| 2026-03-31 | 2026-04-23 | $1.65B | 1,700 | 0001062993-26-002110 |
| 2025-12-31 | 2026-01-30 | $1.59B | 1,570 | 0001062993-26-000502 |
Filer Information
Address
20 N. WACKER DRIVESUITE # 1416
CHICAGO, IL 60606
Phone
(312) 580-0900
Filing Manager
North Star Investment Management Corp.
CHICAGO, IL
Signatory
Andrew Eisenberg
Chief Compliance Officer