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Operose Advisors LLC — 13F Holdings & Portfolio

CIK 1909750 · latest 13F-HR filed 2026-08-13

Backtest portfolio

Operose Advisors LLC manages $517.5M in 13F-reported U.S. long-equity assets across 523 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VTI (17.61%), VYM (9.87%), VEA (9.13%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 106 new positions and exited 177; 221 existing positions rose in reported value and 125 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
$517.5M

Long-equity book

Holdings
523

Distinct positions

Period
2026-06-30

Filed 2026-08-13

Q/Q Activity
+106 / −177 / ↑221 / ↓125

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
VTI17.6% · -0%VYM9.9% · -1%VEA9.1% · +13%SCHF8.5% · +8%VOO6.3% · +0%IJR2.5% · -2%RSP2.3% · +10%SPY2.3% · newVO1.9% · +275%VOT1.4% · -16%AVGO1.1% · -4%NVDA1.1% · -4%AAPL1.0% · +1%IWM1.0% · +0%AMD1.0% · -0%MSFT1.0% · +10%IEFA0.9% · +61%VTWO0.9% · +0%GOOGL0.9% · -4%IDV0.8% · -5%DVY0.7% · +1%AMZN0.7% · +7%IVV0.7% · +11%VONG0.6% · -1%IJH0.6% · +2%VB0.6% · +1%IVW0.5% · 0%IVE0.5% · -4%SCHB0.5% · +0%IJJ0.5% · 0%IJK0.5% · -2%ITOT0.5% · +847%GS0.5% · -0%VEU0.5% · 0%VTHR0.4% · +34%META0.4% · -5%CAT0.4% · -0%SPYX0.4% · +5%NFLX0.3% · newVUG0.3% · +494%EFV0.3% · -2%IJS0.3% · +0%MCD0.3% · -2%MS0.3% · -5%HDV0.3% · +420%APAM0.3% · 0%VTV0.3% · -0%JPM0.3% · newBRK.B0.3% · +3%GOOG0.3% · +6%MFDX0.3% · +354%V0.3% · -4%IBM0.3% · -4%CLSE0.2% · 0%IWR0.2% · +2%BAC0.2% · -5%ABBV0.2% · -4%DLN0.2% · 0%CVX0.2% · newMFUS0.2% · new

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

Q1 26 → Q2 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 = 61.8%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Oct 13, 2026.

Assets Under Management
$2.06B
Discretionary
$1.52B
Employees
20
Accounts
1,655
Address
731 NORTH WATER STREET
SUITE 790
MILWAUKEE, WI 53202
Phone
(414) 209-3280
Website
Name Title / Status Ownership Type
BAUER, NICHOLAS, CHARLES ControlFOUNDING PARTNER
since Jan 2017
Less than 5%Individual
BEULAH HOLDINGS LLC ControlSOLE MEMBER
since Mar 2017
75% or moreDomestic Entity
JANKOWSKI, CAROLINE, PROBST ControlCHIEF COMPLIANCE OFFICER, PARTNER
since Jan 2019
Less than 5%Individual
Nowaczynski, Amanda, Mary ControlCHIEF OPERATING OFFICER, PARTNER
since Nov 2023
Less than 5%Individual
STIER, DANIEL, KENNETH ControlPRESIDENT, CHIEF INVESTMENT OFFICER, PARTNER
since Sep 2023
Less than 5%Individual
BAUER, NICHOLAS, CHARLES Control
Indirect owner via BEULAH HOLDINGS LLC
MANAGER AND MEMBER
since Mar 2017
25–50%Individual
Ownership & leadership changes · 4 filings with changes since Feb 26, 2020

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.

Dec 16, 2024 filing
  • ChangedNowaczynski, Amanda, Mary · title CHIEF OPERATING OFFICER → CHIEF OPERATING OFFICER, PARTNER
  • ChangedSTIER, DANIEL, KENNETH · title PRESIDENT, CHIEF INVESTMENT OFFICER → PRESIDENT, CHIEF INVESTMENT OFFICER, PARTNER
Feb 29, 2024 filing
  • AddedNowaczynski, Amanda, Mary · CHIEF OPERATING OFFICER · Less than 5% · control person
Oct 4, 2023 filing
  • AddedSTIER, DANIEL, KENNETH · PRESIDENT, CHIEF INVESTMENT OFFICER · Less than 5% · control person
  • ChangedBAUER, NICHOLAS, CHARLES · title MANAGING PARTNER → FOUNDING PARTNER
Mar 16, 2022 filing
  • ChangedJANKOWSKI, CAROLINE, PROBST · title CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER, PARTNER
Feb 26, 2020 filing (earliest on record)
  • ListedBAUER, NICHOLAS, CHARLES · MANAGING PARTNER · Less than 5% · control person
  • ListedBAUER, NICHOLAS, CHARLES · MANAGER AND MEMBER · 25–50% · indirect via BEULAH HOLDINGS LLC · control person
  • ListedBEULAH HOLDINGS LLC · SOLE MEMBER · 75% or more · control person
  • ListedJANKOWSKI, CAROLINE, PROBST · CHIEF COMPLIANCE OFFICER · Less than 5% · 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.

Operose Advisors LLC Holdings (2026-06-30)

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 Vanguard Total Stock Market ETF VTI 922908769 $91.1M 17.61% 246,202 SH
2 Vanguard High Dividend Yield ETF VYM 921946406 $51.1M 9.87% 323,133 SH
3 Vanguard FTSE Developed Markets ETF VEA 921943858 $47.2M 9.13% 662,889 SH
4 Schwab International Equity ETF SCHF 808524805 $43.9M 8.49% 1,585,159 SH
5 Vanguard S&P 500 ETF VOO 922908363 $32.8M 6.34% 47,754 SH
6 iShares Core S&P Small-Cap ETF IJR 464287804 $13.1M 2.54% 88,580 SH
7 Invesco S&P 500 Equal Weight ETF RSP 46137V357 $11.8M 2.29% 55,590 SH
8 SPDR S&P 500 ETF SPY 78462F103 $11.8M 2.27% 15,759 SH
9 Vanguard Mid-Cap ETF VO 922908629 $9.6M 1.86% 119,495 SH
10 Vanguard Mid-Cap Growth ETF VOT 922908538 $7.2M 1.39% 23,535 SH
11 Broadcom Inc AVGO 11135F101 $5.6M 1.08% 14,828 SH
12 NVIDIA Corp NVDA 67066G104 $5.5M 1.06% 27,421 SH
13 Apple Inc AAPL 037833100 $5.4M 1.04% 18,605 SH
14 iShares Russell 2000 ETF IWM 464287655 $5.2M 1.01% 17,398 SH
15 Advanced Micro Devices Inc AMD 007903107 $5.0M 0.97% 8,637 SH
16 Microsoft Corp MSFT 594918104 $5.0M 0.97% 13,435 SH
17 Ishares Core MSCI EAFE IEFA 46432F842 $4.9M 0.95% 50,876 SH
18 Vanguard Russell 2000 ETF VTWO 92206C664 $4.6M 0.89% 38,052 SH
19 Alphabet Inc Class A GOOGL 02079K305 $4.6M 0.89% 12,819 SH
20 iShares International Select Dividend ETF IDV 464288448 $4.3M 0.84% 104,975 SH
21 iShares Select Dividend ETF DVY 464287168 $3.6M 0.70% 23,216 SH
22 Amazon.com Inc AMZN 023135106 $3.6M 0.69% 14,929 SH
23 iShares Core S&P 500 ETF IVV 464287200 $3.4M 0.66% 4,547 SH
24 Vanguard Russell 1000 Growth ETF VONG 92206C680 $3.3M 0.64% 26,010 SH
25 iShares Core S&P Mid-Cap ETF IJH 464287507 $3.1M 0.60% 40,318 SH
26 Vanguard Small-Cap ETF VB 922908751 $2.9M 0.56% 9,480 SH
27 iShares S&P 500 Growth ETF IVW 464287309 $2.8M 0.54% 20,234 SH
28 Ishares S&P 500 Value ETF IVE 464287408 $2.7M 0.53% 12,030 SH
29 Schwab US Broad Market ETF SCHB 808524102 $2.6M 0.51% 91,306 SH
30 iShares S&P Mid-Cap 400 Value ETF IJJ 464287705 $2.6M 0.49% 17,288 SH
31 Ishares S&P Mid Cap 400 ETF IJK 464287606 $2.5M 0.49% 21,624 SH
32 iShares Core S&P Total US Stock Mkt ETF ITOT 464287150 $2.5M 0.49% 15,309 SH
33 Goldman Sachs Group Inc GS 38141G104 $2.5M 0.48% 2,459 SH
34 Vanguard FTSE All-World ex-US ETF VEU 922042775 $2.3M 0.45% 27,876 SH
35 Vanguard Russell 3000 ETF VTHR 92206C599 $2.1M 0.41% 6,357 SH
36 Facebook Inc META 30303M102 $2.1M 0.40% 3,670 SH
37 Caterpillar Inc CAT 149123101 $2.0M 0.38% 1,866 SH
38 SPDR S&P 500 Fossil Fuel Rsrv Free ETF SPYX 78468R796 $1.8M 0.35% 29,797 SH
39 Netflix Inc NFLX 64110L106 $1.7M 0.33% 24,170 SH
40 Vanguard Growth ETF VUG 922908736 $1.7M 0.33% 19,838 SH
41 iShares MSCI EAFE Value EFV 464288877 $1.7M 0.32% 21,795 SH
42 iShares S&P Small-Cap 600 Value ETF IJS 464287879 $1.6M 0.31% 11,660 SH
43 McDonald's Corp MCD 580135101 $1.6M 0.31% 5,890 SH
44 Morgan Stanley MS 617446448 $1.6M 0.30% 7,506 SH
45 Ishares Core High Dividend ETF HDV 46429B663 $1.5M 0.29% 55,276 SH
46 Artisan Partners Asset Management Inc APAM 04316A108 $1.5M 0.29% 42,878 SH
47 Vanguard Value ETF VTV 922908744 $1.4M 0.28% 6,564 SH
48 JPMorgan Chase & Co JPM 46625H100 $1.4M 0.27% 4,291 SH
49 Berkshire Hathaway Inc BRK.B 084670702 $1.4M 0.27% 2,787 SH
50 Alphabet Inc Class C GOOG 02079K107 $1.4M 0.27% 3,934 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-13 $517.5M 523 0001909750-26-000007
2026-03-31 2026-05-12 $431.3M 593 0001909750-26-000005
2025-12-31 2026-02-10 $429.2M 472 0001909750-26-000002
2025-09-30 2025-11-12 $401.2M 444 0001909750-25-000013
Filer Information
Address
731 N. WATER STREET, SUITE 790
MILWAUKEE, WI 53202
Phone
(414) 209-3280
Filing Manager
Operose Advisors LLC
MILWAUKEE, WI
Signatory
Caroline Jankowski
Chief Compliance Officer