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WETZEL INVESTMENT ADVISORS, INC. — 13F Holdings & Portfolio

CIK 2009211 · latest 13F-HR filed 2026-10-13

Backtest portfolio

WETZEL INVESTMENT ADVISORS, INC. manages $289.9M in 13F-reported U.S. long-equity assets across 146 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are VOO (9.46%), SFLR (8.72%), IWF (8.03%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 5 new positions and exited 11; 30 existing positions rose in reported value and 31 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
$289.9M

Long-equity book

Holdings
146

Distinct positions

Period
2026-09-30

Filed 2026-10-13

Q/Q Activity
+5 / −11 / ↑30 / ↓31

vs 2026-06-30

Portfolio charts

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

Portfolio map

Q3 26
VOO9.5% · +3%SFLR8.7% · +3%IWF8.0% · +1%VTV5.2% · +0%JPM4.5% · -0%LLY4.5% · -1%BRTR4.2% · +2%GOVT3.6% · +2%VXUS3.6% · -1%DYNF3.0% · +4%SPY2.0% · 0%JHMM1.8% · +6%SPIB1.6% · +1%VXF1.6% · -2%AAPL1.5% · -3%IEMG1.5% · -2%SPHQ1.4% · -4%C1.2% · +0%THRO1.2% · +2%SPMO1.2% · -3%IALT1.1% · +3%MPC1.0% · +1%IJH1.0% · -3%BINC1.0% · +0%FDL1.0% · -4%BNDX0.9% · +2%FTCS0.9% · -2%EMGF0.9% · +5%NVDA0.7% · +2%VIG0.7% · -1%VO0.7% · -2%MSFT0.6% · -7%GOOGL0.6% · +0%QDPL0.6% · +1%WMT0.6% · +0%DMAR0.5% · -4%APA0.5% · +27%QQQ0.4% · 0%FEX0.4% · -2%USMV0.4% · -3%JXN0.4% · +2%CORO0.4% · +11%ICVT0.4% · -2%ETN0.4% · +0%IEFA0.4% · -1%PRU0.4% · 0%IWD0.4% · -1%JNJ0.4% · +0%AVGO0.4% · +1%USHY0.3% · -1%NBSD0.3% · -2%MU0.3% · +3%IYW0.3% · -0%XOM0.3% · +2%COP0.3% · 0%BACPL0.3% · 0%RJF0.3% · 0%COWZ0.3% · +3%UNP0.3% · +0%VTEB0.3% · +1%

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 = 54.7%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 24, 2026.

Assets Under Management
$338.3M
Discretionary
$338.3M
Employees
10
Accounts
1,336
Address
7320 US 31 S
INDIANAPOLIS, IN 46227
Phone
(317) 859-2502
Website
Name Title / Status Ownership Type
BOSTON, SARAH, ELIZABETH ControlPRESIDENT
since Jan 2021
50–75%Individual
HARGIS, HEIDI, WETZEL ControlCHIEF COMPLIANCE OFFICER
since Jan 2020
25–50%Individual
WETZEL, ROBERT, HICKEYFINANCIAL ADVISER
since Jan 2009
Less than 5%Individual
Ownership & leadership changes · 2 filings with changes since Nov 1, 2019

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.

Apr 20, 2022 filing
  • ChangedBOSTON, SARAH, ELIZABETH · title VICE PRESIDENT → PRESIDENT; ownership 25–50% → 50–75%
  • ChangedHARGIS, HEIDI, WETZEL · ownership 10–25% → 25–50%
  • ChangedWETZEL, ROBERT, HICKEY · title PRESIDENT → FINANCIAL ADVISER; ownership 50–75% → Less than 5%; no longer a control person
Dec 17, 2021 filing
  • No longer listedWetzel, Laura, Lee · SECRETARY · 10–25% · control person · listed since Jan 2009
  • AddedBOSTON, SARAH, ELIZABETH · VICE PRESIDENT · 25–50% · control person
  • ChangedHARGIS, HEIDI, WETZEL · ownership Less than 5% → 10–25%
  • ChangedWETZEL, ROBERT, HICKEY · ownership 75% or more → 50–75%
Nov 1, 2019 filing (earliest on record)
  • ListedHARGIS, HEIDI, WETZEL · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ListedWETZEL, ROBERT, HICKEY · PRESIDENT · 75% or more · control person
  • ListedWetzel, Laura, Lee · SECRETARY · 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)

Show all 30 →

Top Trims

Show all 31 →

New Positions

Show all 5 →

Exited Positions

Show all 11 →

WETZEL INVESTMENT ADVISORS, INC. 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 VANGUARD INDEX FDS VOO 922908363 $27.4M 9.46% 39,109 SH
2 INNOVATOR ETFS TRUST SFLR 45783Y673 $25.3M 8.72% 648,515 SH
3 ISHARES TR IWF 464287614 $23.3M 8.03% 185,730 SH
4 VANGUARD INDEX FDS VTV 922908744 $15.2M 5.23% 70,198 SH
5 JPMORGAN CHASE & CO JPM 46625H100 $13.0M 4.48% 39,239 SH
6 ELI LILLY & CO LLY 532457108 $12.9M 4.46% 11,178 SH
7 BLACKROCK ETF TRUST II BRTR 092528876 $12.3M 4.25% 257,368 SH
8 ISHARES TR GOVT 46429B267 $10.4M 3.59% 476,466 SH
9 VANGUARD STAR FDS VXUS 921909768 $10.3M 3.55% 121,292 SH
10 BLACKROCK ETF TRUST DYNF 09290C103 $8.6M 2.95% 123,656 SH
11 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $5.8M 2.00% 7,601 SH
12 JOHN HANCOCK EXCHANGE TRADED JHMM 47804J206 $5.2M 1.80% 72,859 SH
13 SPDR SERIES TRUST SPIB 78464A375 $4.7M 1.61% 144,818 SH
14 VANGUARD INDEX FDS VXF 922908652 $4.7M 1.61% 20,176 SH
15 APPLE INC AAPL 037833100 $4.3M 1.48% 12,844 SH
16 ISHARES INC IEMG 46434G103 $4.2M 1.46% 52,030 SH
17 INVESCO EXCHANGE TRADED FD T SPHQ 46137V241 $4.0M 1.38% 47,629 SH
18 CITIGROUP INC C 172967424 $3.6M 1.24% 27,741 SH
19 BLACKROCK ETF TRUST THRO 09290C806 $3.5M 1.22% 80,265 SH
20 INVESCO EXCH TRADED FD TR II SPMO 46138E339 $3.5M 1.22% 23,269 SH
21 BLACKROCK ETF TRUST IALT 09290C665 $3.3M 1.14% 110,313 SH
22 MARATHON PETE CORP MPC 56585A102 $3.0M 1.03% 7,537 SH
23 ISHARES TR IJH 464287507 $2.9M 1.01% 40,510 SH
24 BLACKROCK ETF TRUST II BINC 092528603 $2.8M 0.98% 56,061 SH
25 FIRST TR EXCHANGE-TRADED FD FDL 336917109 $2.8M 0.97% 57,538 SH
26 VANGUARD CHARLOTTE FDS BNDX 92203J407 $2.7M 0.94% 58,017 SH
27 FIRST TR EXCHANGE-TRADED FD FTCS 33733E104 $2.5M 0.88% 27,151 SH
28 ISHARES INC EMGF 46434G889 $2.5M 0.86% 35,032 SH
29 NVIDIA CORPORATION NVDA 67066G104 $2.1M 0.73% 9,288 SH
30 VANGUARD SPECIALIZED FUNDS VIG 921908844 $2.1M 0.72% 8,910 SH
31 VANGUARD INDEX FDS VO 922908629 $2.1M 0.71% 26,267 SH
32 MICROSOFT CORP MSFT 594918104 $1.8M 0.64% 3,589 SH
33 ALPHABET INC GOOGL 02079K305 $1.8M 0.62% 5,203 SH
34 PACER FDS TR QDPL 69374H436 $1.7M 0.57% 36,100 SH
35 WALMART INC WMT 931142103 $1.6M 0.55% 15,383 SH
36 FIRST TR EXCHNG TRADED FD VI DMAR 33740F615 $1.4M 0.50% 31,478 SH
37 APA CORPORATION APA 03743Q108 $1.4M 0.47% 32,897 SH
38 INVESCO QQQ TR QQQ 46090E103 $1.2M 0.42% 1,655 SH
39 FIRST TR EXCHANGE-TRADED ALP FEX 33734K109 $1.2M 0.42% 9,129 SH
40 ISHARES TR USMV 46429B697 $1.2M 0.42% 12,421 SH
41 JACKSON FINANCIAL INC JXN 46817M107 $1.2M 0.41% 9,300 SH
42 BLACKROCK ETF TRUST CORO 09290C764 $1.2M 0.41% 32,617 SH
43 ISHARES TR ICVT 46435G102 $1.2M 0.40% 10,311 SH
44 EATON CORP PLC ETN G29183103 $1.1M 0.39% 2,616 SH
45 ISHARES TR IEFA 46432F842 $1.1M 0.39% 11,592 SH
46 PRUDENTIAL FINL INC PRU 744320102 $1.1M 0.39% 9,883 SH
47 ISHARES TR IWD 464287598 $1.1M 0.37% 4,313 SH
48 JOHNSON & JOHNSON JNJ 478160104 $1.0M 0.35% 3,884 SH
49 BROADCOM INC AVGO 11135F101 $1.0M 0.35% 2,912 SH
50 ISHARES TR USHY 46435U853 $978.4K 0.34% 27,392 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-13 $289.9M 146 0002009211-26-000006
2026-06-30 2026-07-23 $288.7M 151 0002009211-26-000004
2026-03-31 2026-04-22 $251.5M 142 0002009211-26-000003
2025-12-31 2026-01-22 $246.9M 161 0002009211-26-000001
Filer Information
Address
7320 US 31 S
INDIANAPOLIS, IN 46227
Phone
(317) 859-2502
Filing Manager
WETZEL INVESTMENT ADVISORS, INC.
INDIANAPOLIS, IN
Signatory
Heidi Hargis
Chief Compliance Officer