MARQUETTE ASSOCIATES, INC. — 13F Holdings & Portfolio
CIK 2042617 · latest 13F-HR filed 2026-08-14
MARQUETTE ASSOCIATES, INC. manages $137.2M in 13F-reported U.S. long-equity assets across 38 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPY (14.87%), VTI (13.35%), IEFA (11.77%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 18 new positions and exited 5; 12 existing positions rose in reported value and 3 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
$137.2M
Long-equity book
Holdings
38
Distinct positions
Period
2026-06-30
Filed 2026-08-14
Q/Q Activity
+18 / −5 / ↑12 / ↓3
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26SPY14.9% · +32%VTI13.3% · +635%IEFA11.8% · -8%AGG11.3% · +149%NBOS9.4% · 0%VXF8.7% · -0%IVV8.0% · 0%VO4.3% · +295%BSV4.2% · 0%GUNR1.9% · newVEA1.6% · newIGF1.4% · newESML1.3% · 0%VGSH1.2% · newVWO1.2% · newVNQ1.0% · -13%EFAX0.9% · -4%TDTT0.7% · newDVY0.6% · newSCHB0.6% · -13%TDVG0.5% · 0%VXUS0.4% · -18%VOE0.2% · 0%SXT0.2% · newWINN0.2% · 0%VOOV0.2% · 0%IWB0.1% · 0%EFA0.1% · -36%QLC0.0% · newBNDC0.0% · newTLTD0.0% · newTILT0.0% · newTLTE0.0% · newVEU0.0% · newNFRA0.0% · newHYGV0.0% · newRAVI0.0% · newGQRE0.0% · 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 valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 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 = 87.7%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
SUITE 3500
CHICAGO, IL 60601
Phone
(312) 527-5500
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| KELLOGG, NATHANIEL Control | PRESIDENT since Jan 2021 | Less than 5% | Individual |
| WRUBEL, BRIAN, MITCHELL Control | CHIEF EXECUTIVE OFFICER since Jul 1997 | 10–25% | Individual |
| BURDICK, TIMOTHY, THOMAS | PARTNER since Jan 2006 | 5–10% | Individual |
| CHRISTENSON, BRETT, ALLEN | PARTNER since Jan 2005 | 5–10% | Individual |
| OBED, KWEKU | PARTNER since Jan 2017 | 5–10% | Individual |
| PAYNE, LINSEY, SCHOEMEHL | PARTNER / CHIEF COMPLIANCE OFFICER since Aug 2021 | Less than 5% | Individual |
| SALEMY, THOMAS, A | PARTNER since Jan 2019 | 5–10% | Individual |
| SMITH, DAVID, HARRISON | PARTNER since Jan 2014 | 5–10% | Individual |
| WESNER, JAMES, R | PARTNER since Jan 2014 | 5–10% | Individual |
| ZARATE, MIGUEL, ANGEL | PARTNER / 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.
Top Adds (vs prior quarter)
- VANGUARD INDEX FDS$16.2M +747.7%
- ISHARES TR$9.2M +148.7%
- STATE STR SPDR S&P 500 ETF T$7.0M +52.2%
- VANGUARD INDEX FDS$2.0M +19.6%
- ISHARES TR$1.4M +14.6%
Top Trims
- VANGUARD INDEX FDS-$79.5K -5.7%
- VANGUARD STAR FDS-$60.4K -9.2%
- ISHARES TR-$36.7K -31.3%
New Positions
- FLEXSHARES TR$2.6M
- VANGUARD TAX-MANAGED FDS$2.2M
- ISHARES TR$1.9M
- VANGUARD SCOTTSDALE FDS$1.6M
- VANGUARD INTL EQUITY INDEX F$1.6M
Exited Positions
- ISHARES TR$1.5M
- ISHARES TR$821.6K
- ISHARES INC$665.8K
- VANGUARD INDEX FDS$506.5K
- INVESCO EXCH TRADED FD TR II$291.4K
MARQUETTE ASSOCIATES, INC. 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 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $20.4M | 14.87% | 27,310 | SH |
| 2 | VANGUARD INDEX FDS | VTI | 922908769 | $18.3M | 13.35% | 49,489 | SH |
| 3 | ISHARES TR | IEFA | 46432F842 | $16.1M | 11.77% | 167,143 | SH |
| 4 | ISHARES TR | AGG | 464287226 | $15.4M | 11.25% | 155,973 | SH |
| 5 | NEUBERGER BERMAN ETF TRUST | NBOS | 64135A705 | $13.0M | 9.44% | 462,368 | SH |
| 6 | VANGUARD INDEX FDS | VXF | 922908652 | $11.9M | 8.69% | 48,447 | SH |
| 7 | ISHARES TR | IVV | 464287200 | $10.9M | 7.98% | 14,614 | SH |
| 8 | VANGUARD INDEX FDS | VO | 922908629 | $5.9M | 4.30% | 73,265 | SH |
| 9 | VANGUARD BD INDEX FDS | BSV | 921937827 | $5.7M | 4.18% | 73,690 | SH |
| 10 | FLEXSHARES TR | GUNR | 33939L407 | $2.6M | 1.91% | 53,169 | SH |
| 11 | VANGUARD TAX-MANAGED FDS | VEA | 921943858 | $2.2M | 1.63% | 31,364 | SH |
| 12 | ISHARES TR | IGF | 464288372 | $1.9M | 1.42% | 29,267 | SH |
| 13 | ISHARES TR | ESML | 46435U663 | $1.7M | 1.26% | 30,811 | SH |
| 14 | VANGUARD SCOTTSDALE FDS | VGSH | 92206C102 | $1.6M | 1.18% | 27,706 | SH |
| 15 | VANGUARD INTL EQUITY INDEX F | VWO | 922042858 | $1.6M | 1.16% | 26,549 | SH |
| 16 | VANGUARD INDEX FDS | VNQ | 922908553 | $1.3M | 0.95% | 13,579 | SH |
| 17 | SPDR INDEX SHS FDS | EFAX | 78470E106 | $1.2M | 0.91% | 23,041 | SH |
| 18 | FLEXSHARES TR | TDTT | 33939L506 | $935.9K | 0.68% | 39,141 | SH |
| 19 | ISHARES TR | DVY | 464287168 | $819.5K | 0.60% | 5,243 | SH |
| 20 | SCHWAB STRATEGIC TR | SCHB | 808524102 | $807.9K | 0.59% | 27,896 | SH |
| 21 | T ROWE PRICE EXCHANGE-TRADED | TDVG | 87283Q404 | $655.9K | 0.48% | 13,378 | SH |
| 22 | VANGUARD STAR FDS | VXUS | 921909768 | $598.0K | 0.44% | 6,995 | SH |
| 23 | VANGUARD INDEX FDS | VOE | 922908512 | $250.4K | 0.18% | 1,267 | SH |
| 24 | SENSIENT TECHNOLOGIES CORP | SXT | 81725T100 | $246.6K | 0.18% | 2,000 | SH |
| 25 | HARBOR ETF TRUST | WINN | 41151J406 | $236.8K | 0.17% | 7,292 | SH |
| 26 | VANGUARD ADMIRAL FDS INC | VOOV | 921932703 | $232.1K | 0.17% | 1,059 | SH |
| 27 | ISHARES TR | IWB | 464287622 | $131.4K | 0.10% | 321 | SH |
| 28 | ISHARES TR | EFA | 464287465 | $80.7K | 0.06% | 777 | SH |
| 29 | FLEXSHARES TR | QLC | 33939L746 | $46.0K | 0.03% | 512 | SH |
| 30 | FLEXSHARES TR | BNDC | 33939L670 | $34.2K | 0.02% | 1,547 | SH |
| 31 | FLEXSHARES TR | TLTD | 33939L803 | $21.8K | 0.02% | 222 | SH |
| 32 | FLEXSHARES TR | TILT | 33939L100 | $15.2K | 0.01% | 55 | SH |
| 33 | FLEXSHARES TR | TLTE | 33939L308 | $14.2K | 0.01% | 183 | SH |
| 34 | VANGUARD INTL EQUITY INDEX F | VEU | 922042775 | $10.8K | 0.01% | 129 | SH |
| 35 | FLEXSHARES TR | NFRA | 33939L795 | $6.1K | 0.00% | 95 | SH |
| 36 | FLEXSHARES TR | HYGV | 33939L662 | $5.8K | 0.00% | 145 | SH |
| 37 | FLEXSHARES TR | RAVI | 33939L886 | $3.2K | 0.00% | 43 | SH |
| 38 | FLEXSHARES TR | GQRE | 33939L787 | $1.7K | 0.00% | 26 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $137.2M | 38 | 0001398344-26-014469 |
| 2026-03-31 | 2026-05-15 | $91.9M | 25 | 0001398344-26-009215 |
| 2025-12-31 | 2026-02-17 | $78.1M | 30 | 0001398344-26-003203 |
| 2025-09-30 | 2025-11-14 | $83.1M | 34 | 0001398344-25-020909 |
Filer Information
Address
180 NORTH LASALLE STREETSUITE 3500
CHICAGO, IL 60601
Phone
(312) 527-5500
Filing Manager
MARQUETTE ASSOCIATES, INC.
CHICAGO, IL
Signatory
Linsey S. Payne
Chief Compliance Officer, Managing Partner