Top Institutional Investors

Marquette Asset Management, LLC — 13F Holdings & Portfolio

CIK 1395067 · latest 13F-HR filed 2026-10-09

Backtest portfolio

Marquette Asset Management, LLC manages $765.9M in 13F-reported U.S. long-equity assets across 785 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are SCHG (20.17%), IWD (12.84%), DFAI (12.23%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 106 new positions and exited 152; 246 existing positions rose in reported value and 282 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.

Loading holdings…
AUM
$765.9M

Long-equity book

Holdings
785

Distinct positions

Period
2026-09-30

Filed 2026-10-09

Q/Q Activity
+106 / −152 / ↑246 / ↓282

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
SCHG20.3% · +0%IWD12.9% · -0%DFAI12.3% · +1%IWF7.7% · -1%AVUV7.1% · +0%VO5.4% · +0%RPG5.3% · 0%AVDV4.7% · -0%AGG4.3% · +6%DFEV3.7% · -0%USTB3.7% · +2%DFAE3.6% · -0%SCHA1.1% · -1%DFSV0.7% · -2%IWM0.7% · -1%META0.6% · -16%SCHF0.4% · -0%AAPL0.3% · 0%EFA0.3% · -9%SCHM0.3% · -6%IWR0.3% · -2%VUG0.3% · -4%AMCR0.2% · 0%VB0.2% · -1%BRK.B0.2% · +16%SPY0.2% · +12%QQQ0.2% · +16%PRFZ0.1% · 0%VOO0.1% · 0%SCHV0.1% · 0%GOOGL0.1% · -0%UTHR0.1% · +20%HSY0.1% · 0%MDY0.1% · +7%NVDA0.1% · -0%APH0.1% · +100%GOOG0.1% · +8%VGT0.1% · 0%SLYV0.1% · -1%VYM0.1% · 0%WMT0.1% · -3%DVY0.0% · 0%FAST0.0% · 0%EXPD0.0% · 0%MSI0.0% · +115%MGC0.0% · 0%JNJ0.0% · +21%IWV0.0% · 0%ICE0.0% · 0%JPM0.0% · +10%AMZN0.0% · 0%MSFT0.0% · -10%XLK0.0% · 0%VV0.0% · -1%SGU0.0% · 0%SPYG0.0% · 0%VNQ0.0% · +60%IBM0.0% · -8%IEFA0.0% · +112%MU0.0% · 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 value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated 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 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 83.7%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated May 15, 2026.

Assets Under Management
$47.06B
Discretionary
$29.52B
Employees
147
Accounts
348
Address
180 NORTH LASALLE STREET
SUITE 3500
CHICAGO, IL 60601
Phone
(312) 527-5500
Website
Name Title / Status Ownership Type
KELLOGG, NATHANIEL ControlPRESIDENT
since Jan 2021
Less than 5%Individual
WRUBEL, BRIAN, MITCHELL ControlCHIEF EXECUTIVE OFFICER
since Jul 1997
10–25%Individual
BURDICK, TIMOTHY, THOMASPARTNER
since Jan 2006
5–10%Individual
CHRISTENSON, BRETT, ALLENPARTNER
since Jan 2005
5–10%Individual
OBED, KWEKUPARTNER
since Jan 2017
5–10%Individual
PAYNE, LINSEY, SCHOEMEHLPARTNER / CHIEF COMPLIANCE OFFICER
since Aug 2021
Less than 5%Individual
SALEMY, THOMAS, APARTNER
since Jan 2019
5–10%Individual
SMITH, DAVID, HARRISONPARTNER
since Jan 2014
5–10%Individual
WESNER, JAMES, RPARTNER
since Jan 2014
5–10%Individual
ZARATE, MIGUEL, ANGELPARTNER / CHIEF OPERATING OFFICER
since Jan 2019
5–10%Individual
Ownership & leadership changes · 13 filings with changes since Mar 30, 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.

Mar 26, 2026 filing
  • ChangedBURDICK, TIMOTHY, THOMAS · title MANAGING DIRECTOR → PARTNER
  • ChangedCHRISTENSON, BRETT, ALLEN · title MANAGING DIRECTOR → PARTNER
  • ChangedOBED, KWEKU · title MANAGING DIRECTOR → PARTNER
  • ChangedPAYNE, LINSEY, SCHOEMEHL · title CHIEF COMPLIANCE OFFICER / MANAGING PARTNER → PARTNER / CHIEF COMPLIANCE OFFICER
  • ChangedSALEMY, THOMAS, A · title MANAGING DIRECTOR → PARTNER
  • ChangedSMITH, DAVID, HARRISON · title MANAGING DIRECTOR → PARTNER
  • ChangedWESNER, JAMES, R · title MANAGING DIRECTOR → PARTNER
  • ChangedZARATE, MIGUEL, ANGEL · title MANAGING DIRECTOR / CHIEF OPERATING OFFICER → PARTNER / CHIEF OPERATING OFFICER
Mar 26, 2025 filing
  • AddedOBED, KWEKU · MANAGING DIRECTOR · 5–10%
Mar 24, 2023 filing
  • AddedSMITH, DAVID, HARRISON · MANAGING DIRECTOR · 5–10%
  • AddedWESNER, JAMES, R · MANAGING DIRECTOR · 5–10%
Mar 25, 2022 filing
  • No longer listedFALLON, TIMOTHY, ALBERT · MANAGING DIRECTOR · 5–10% · control person · listed since Jan 2000
  • ChangedPAYNE, LINSEY, SCHOEMEHL · no longer a control person
  • ChangedWRUBEL, BRIAN, MITCHELL · ownership 25–50% → 10–25%
Aug 6, 2021 filing
  • No longer listedHAMANN, TIMOTHY, JAY · MANAGING PARTNER/CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Jan 2008
  • AddedPAYNE, LINSEY, SCHOEMEHL · CHIEF COMPLIANCE OFFICER / MANAGING PARTNER · Less than 5% · control person
Mar 26, 2021 filing
  • AddedKELLOGG, NATHANIEL · PRESIDENT · Less than 5% · control person
  • ChangedFALLON, TIMOTHY, ALBERT · ownership 10–25% → 5–10%
  • ChangedWRUBEL, BRIAN, MITCHELL · title PRESIDENT/CHIEF EXECUTIVE OFFICER → CHIEF EXECUTIVE OFFICER
  • ChangedZARATE, MIGUEL, ANGEL · title MANAGING DIRECTOR → MANAGING DIRECTOR / CHIEF OPERATING OFFICER
Mar 29, 2019 filing
  • AddedSALEMY, THOMAS, A · MANAGING DIRECTOR · 5–10%
  • AddedZARATE, MIGUEL, ANGEL · MANAGING DIRECTOR · 5–10%
Mar 28, 2018 filing
  • No longer listedMCDANIEL, KARISSA · CHIEF OPERATING OFFICER · Less than 5% · listed since Oct 2014
  • ChangedWRUBEL, BRIAN, MITCHELL · title CHIEF EXECUTIVE OFFICER → PRESIDENT/CHIEF EXECUTIVE OFFICER
Apr 1, 2015 filing
  • No longer listedMCDANIELS, KARISSA · CHIEF OPERATIONS OFFICER · Less than 5% · listed since Oct 2014
  • AddedMCDANIEL, KARISSA · CHIEF OPERATING OFFICER · Less than 5%
Mar 27, 2015 filing
  • No longer listedGODING, BRIAN, LEE · MANAGING PARTNER · Less than 5% · listed since Dec 2012
  • No longer listedROMAN-BHATTY, NICHOLE, PATRICIA · MANAGING PARTNER · Less than 5% · listed since Jan 2008
  • AddedMCDANIELS, KARISSA · CHIEF OPERATIONS OFFICER · Less than 5%
  • ChangedBURDICK, TIMOTHY, THOMAS · title CHIEF INVESTMENT OFFICER → MANAGING DIRECTOR; ownership 10–25% → 5–10%
  • ChangedCHRISTENSON, BRETT, ALLEN · title CHIEF OPERATING OFFICER → MANAGING DIRECTOR
  • ChangedFALLON, TIMOTHY, ALBERT · title DIRECTOR OF CLIENT RELATIONS → MANAGING DIRECTOR; ownership 25–50% → 10–25%
Older changes (4 more filings)
Mar 31, 2014 filing
  • ChangedBURDICK, TIMOTHY, THOMAS · title MANAGING DIRCTOR → CHIEF INVESTMENT OFFICER
  • ChangedCHRISTENSON, BRETT, ALLEN · title MANAGING DIRECTOR → CHIEF OPERATING OFFICER
  • ChangedFALLON, TIMOTHY, ALBERT · title MANAGING DIRECTOR → DIRECTOR OF CLIENT RELATIONS; now a control person
  • ChangedHAMANN, TIMOTHY, JAY · title MANAGING ASSOCIATE/CHIEF COMPLIANCE OFFICER → MANAGING PARTNER/CHIEF COMPLIANCE OFFICER
  • ChangedROMAN-BHATTY, NICHOLE, PATRICIA · title MANAGING ASSOCIATE → MANAGING PARTNER
  • ChangedWRUBEL, BRIAN, MITCHELL · title MANAGING DIRECTOR → CHIEF EXECUTIVE OFFICER
Mar 27, 2013 filing
  • ChangedBURDICK, TIMOTHY, THOMAS · title MANAGING DIRCTOR/CHIEF COMPLIANCE OFFICER → MANAGING DIRCTOR
  • ChangedHAMANN, TIMOTHY, JAY · title MANAGING ASSOCIATE → MANAGING ASSOCIATE/CHIEF COMPLIANCE OFFICER
Feb 4, 2013 filing
  • No longer listedKROLAK, PATRICK, MICHAEL · MANAGING DIRECTOR · 10–25% · listed since Jun 1999
  • AddedGODING, BRIAN, LEE · MANAGING PARTNER · Less than 5%
  • ChangedBURDICK, TIMOTHY, THOMAS · ownership 5–10% → 10–25%
  • ChangedCHRISTENSON, BRETT, ALLEN · ownership Less than 5% → 5–10%
  • ChangedFALLON, TIMOTHY, ALBERT · ownership 10–25% → 25–50%
Mar 30, 2012 filing (earliest on record)
  • ListedBURDICK, TIMOTHY, THOMAS · MANAGING DIRCTOR/CHIEF COMPLIANCE OFFICER · 5–10%
  • ListedCHRISTENSON, BRETT, ALLEN · MANAGING DIRECTOR · Less than 5%
  • ListedFALLON, TIMOTHY, ALBERT · MANAGING DIRECTOR · 10–25%
  • ListedHAMANN, TIMOTHY, JAY · MANAGING ASSOCIATE · Less than 5%
  • ListedKROLAK, PATRICK, MICHAEL · MANAGING DIRECTOR · 10–25%
  • ListedROMAN-BHATTY, NICHOLE, PATRICIA · MANAGING ASSOCIATE · Less than 5%
  • ListedWRUBEL, BRIAN, MITCHELL · MANAGING DIRECTOR · 25–50% · 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.

Marquette Asset Management, LLC 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 SCHWAB STRATEGIC TR SCHG 808524300 $154.5M 20.17% 4,298,748 SH
2 ISHARES TR IWD 464287598 $98.4M 12.84% 396,744 SH
3 DIMENSIONAL ETF TRUST DFAI 25434V203 $93.7M 12.23% 2,261,436 SH
4 ISHARES TR IWF 464287614 $58.8M 7.68% 469,425 SH
5 AMERICAN CENTY ETF TR AVUV 025072877 $53.8M 7.02% 456,549 SH
6 VANGUARD INDEX FDS VO 922908629 $41.0M 5.36% 523,109 SH
7 INVESCO EXCHANGE TRADED FD T RPG 46137V266 $40.4M 5.28% 692,817 SH
8 AMERICAN CENTY ETF TR AVDV 025072802 $36.0M 4.70% 329,101 SH
9 ISHARES TR AGG 464287226 $32.5M 4.24% 343,872 SH
10 DIMENSIONAL ETF TRUST DFEV 25434V740 $28.4M 3.71% 670,713 SH
11 VICTORY PORTFOLIOS II USTB 92647N535 $28.1M 3.67% 563,466 SH
12 DIMENSIONAL ETF TRUST DFAE 25434V302 $27.3M 3.57% 695,001 SH
13 SCHWAB STRATEGIC TR SCHA 808524607 $8.2M 1.06% 249,947 SH
14 DFA INVT DIMENSIONS GROUP IN DFSV 25239Y170 $5.5M 0.72% 148,069 SH
15 ISHARES TR IWM 464287655 $5.0M 0.66% 18,067 SH
16 META PLATFORMS INC META 30303M102 $4.8M 0.63% 6,614 SH
17 META PLATFORMS INC Put META 30303M102 $4.4M 0.57% 6,000 PRN
18 SCHWAB STRATEGIC TR SCHF 808524805 $3.0M 0.39% 108,931 SH
19 APPLE INC AAPL 037833100 $2.7M 0.35% 7,964 SH
20 ISHARES TR EFA 464287465 $2.6M 0.34% 25,383 SH
21 SCHWAB STRATEGIC TR SCHM 808524508 $2.6M 0.33% 75,304 SH
22 ISHARES TR IWR 464287499 $2.5M 0.32% 22,966 SH
23 VANGUARD INDEX FDS VUG 922908736 $2.1M 0.27% 22,862 SH
24 AMCOR PLC AMCR G0250X149 $1.9M 0.25% 45,455 SH
25 VANGUARD INDEX FDS VB 922908751 $1.7M 0.22% 5,967 SH
26 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $1.7M 0.22% 3,322 SH
27 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $1.3M 0.17% 1,689 SH
28 INVESCO QQQ TR QQQ 46090E103 $1.3M 0.17% 1,728 SH
29 INVESCO EXCHANGE TRADED FD T PRFZ 46137V597 $963.2K 0.13% 18,406 SH
30 VANGUARD INDEX FDS VOO 922908363 $926.4K 0.12% 1,322 SH
31 SCHWAB STRATEGIC TR SCHV 808524409 $741.0K 0.10% 22,246 SH
32 ALPHABET INC GOOGL 02079K305 $714.3K 0.09% 2,076 SH
33 UNITED THERAPEUTICS CORP DEL UTHR 91307C102 $655.7K 0.09% 1,210 SH
34 HERSHEY CO HSY 427866108 $630.4K 0.08% 4,000 SH
35 STATE STR SPDR S&P MIDCAP 40 MDY 78467Y107 $560.8K 0.07% 854 SH
36 NVIDIA CORPORATION NVDA 67066G104 $483.7K 0.06% 2,118 SH
37 AMPHENOL CORP APH 032095101 $455.2K 0.06% 5,400 SH
38 ALPHABET INC GOOG 02079K107 $443.0K 0.06% 1,300 SH
39 VANGUARD WORLD FD VGT 92204A702 $427.2K 0.06% 3,399 SH
40 SPDR SERIES TRUST SLYV 78464A300 $423.7K 0.06% 4,148 SH
41 VANGUARD WHITEHALL FDS VYM 921946406 $396.6K 0.05% 2,555 SH
42 WALMART INC WMT 931142103 $382.4K 0.05% 3,680 SH
43 ISHARES TR DVY 464287168 $348.1K 0.05% 2,289 SH
44 FASTENAL CO FAST 311900104 $333.8K 0.04% 6,740 SH
45 EXPEDITORS INTL WASH INC EXPD 302130109 $328.7K 0.04% 1,780 SH
46 MOTOROLA SOLUTIONS INC MSI 620076307 $327.3K 0.04% 734 SH
47 VANGUARD WORLD FD MGC 921910873 $314.2K 0.04% 1,113 SH
48 JOHNSON & JOHNSON JNJ 478160104 $300.5K 0.04% 1,135 SH
49 ISHARES TR IWV 464287689 $285.3K 0.04% 661 SH
50 INTERCONTINENTAL EXCHANGE IN ICE 45866F104 $275.8K 0.04% 1,814 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-09 $765.9M 785 0001395067-26-000005
2026-06-30 2026-07-09 $778.6M 831 0001395067-26-000003
2026-03-31 2026-04-24 $669.1M 796 0001395067-26-000002
2025-12-31 2026-01-16 $677.3M 698 0001395067-26-000001
Filer Information
Address
150 SOUTH 5TH STREET
SUITE 2800
MINNEAPOLIS, MN 55402
Phone
(612) 661-3770
Filing Manager
Marquette Asset Management, LLC
MINNEAPOLIS, MN
Signatory
Kristy Thom
Chief Compliance Officer