MV CAPITAL MANAGEMENT, INC.

BETHESDA, MD · CIK 1633366 · 13F filing filed 2023-08-03

SEC-registered investment adviser since 2006 · corporation

Assets managed$1.4bn
Staff8 · 8 in investment roles
Main clients (by assets)High net worth individuals 66%, Pension plans 21%, Charities 10%
Form ADV · 2026-03-31SEC adviser record

$753.7m reported value +5.9% vs Q1 2023

677positions

53.9%in top 10

10 new 345 added 190 reduced 29 sold out vs Q1 2023

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ISHARES TR TRS FLT RT BD TFLO	TFLO	1,233,745	$62.5m8.29%	8.29%	Reduced -223.1k	-223,139 -15.3%
2	ISHARES TR RUS 1000 GRW ETF IWF	IWF	221,503	$61.0m8.09%	8.09%	Added +7.6k	+7,583 3.5%
3	ISHARES TR CORE S&P500 ETF IVV	IVV	128,271	$57.2m7.59%	7.59%	Added +11.6k	+11,560 9.9%
4	ISHARES TR RUS 1000 VAL ETF IWD	IWD	358,566	$56.6m7.51%	7.51%	Reduced -12.0k	-12,016 -3.2%
5	ABBVIE INC COM ABBV	ABBV	264,460	$35.6m4.73%	4.73%	Reduced -2.2k	-2,247 -0.8%
6	ABBOTT LABS COM ABT	ABT	281,895	$30.7m4.08%	4.08%	Added +1.6k	+1,644 0.6%
7	ISHARES TR IBONDS 23 TRM TS IBONDS 23 TRM TS		1,116,746	$27.7m3.68%	3.68%	Added +45.6k	+45,607 4.3%
8	ISHARES TR IBONDS 24 TRM TS IBTE	IBTE	1,132,145	$26.9m3.58%	3.58%	Added +38.8k	+38,815 3.5%
9	ISHARES TR S&P 500 GRWT ETF IVW	IVW	368,695	$26.0m3.45%	3.45%	Added +13.2k	+13,160 3.7%
10	ISHARES TR MSCI USA MIN VOL USMV	USMV	293,035	$21.8m2.89%	2.89%	Reduced -14.3k	-14,272 -4.6%
11	ISHARES TR S&P 500 VAL ETF IVE	IVE	118,612	$19.1m2.54%	2.54%	Added +18.1k	+18,088 18.0%
12	ISHARES TR IBONDS 25 TRM TS IBONDS 25 TRM TS		736,717	$17.0m2.26%	2.26%	Added +256.4k	+256,376 53.4%
13	ISHARES TR IBONDS DEC24 ETF IBDP	IBDP	675,441	$16.6m2.21%	2.21%	Added +19.7k	+19,721 3.0%
14	ISHARES TR IBONDS DEC25 ETF IBDQ	IBDQ	657,799	$16.0m2.13%	2.13%	Added +39.1k	+39,131 6.3%
15	APPLE INC COM AAPL	AAPL	82,532	$16.0m2.12%	2.12%	Added +4.0k	+4,022 5.1%
16	ISHARES TR IBONDS DEC2026 IBDR	IBDR	660,528	$15.5m2.06%	2.06%	Added +43.7k	+43,715 7.1%
17	ISHARES TR IBONDS 27 ETF IBDS	IBDS	496,781	$11.7m1.55%	1.55%	Added +168.8k	+168,786 51.5%
18	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	59,845	$10.4m1.38%	1.38%	Added +2.8k	+2,769 4.8%
19	MICROSOFT CORP COM MSFT	MSFT	25,960	$8.8m1.17%	1.17%	Added +2.7k	+2,704 11.6%
20	FIDELITY COVINGTON TRUST BLUE CHIP GRWTH FBCG	FBCG	278,138	$8.3m1.10%	1.10%	Added +26.5k	+26,471 10.5%
21	ISHARES TR RUS 1000 ETF IWB	IWB	25,255	$6.2m0.82%	0.82%	Added +137	+137 0.6%
22	ISHARES TR IBDS DEC28 ETF IBDT	IBDT	241,421	$5.9m0.78%	0.78%	Added +122.6k	+122,565 103.1%
23	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	43,126	$5.7m0.76%	0.76%	Reduced -3.2k	-3,200 -6.9%
24	NVIDIA CORPORATION COM NVDA	NVDA	12,311	$5.2m0.69%	0.69%	Added +745	+745 6.4%
25	ECOLAB INC COM ECL	ECL	26,465	$4.9m0.66%	0.66%	Reduced -3.1k	-3,121 -10.6%
26	ISHARES TR RUSSELL 2000 ETF IWM	IWM	23,748	$4.4m0.59%	0.59%	Added +564	+564 2.4%
27	JPMORGAN CHASE & CO COM JPM	JPM	29,000	$4.2m0.56%	0.56%	Reduced -1.6k	-1,614 -5.3%
28	ISHARES TR RUS MID CAP ETF IWR	IWR	54,724	$4.0m0.53%	0.53%	Added +558	+558 1.0%
29	ISHARES TR SELECT DIVID ETF DVY	DVY	34,688	$3.9m0.52%	0.52%	Reduced -391	-391 -1.1%
30	ALPHABET INC CAP STK CL A GOOGL	GOOGL	32,578	$3.9m0.52%	0.52%	Reduced -3.6k	-3,568 -9.9%
31	VISA INC COM CL A V	V	15,334	$3.6m0.48%	0.48%	Added +186	+186 1.2%
32	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	11,551	$3.6m0.47%	0.47%	Added +1.3k	+1,297 12.7%
33	SELECT SECTOR SPDR TR SBI INT-UTILS XLU	XLU	53,063	$3.5m0.46%	0.46%	Reduced -2.0k	-1,983 -3.6%
34	SELECT SECTOR SPDR TR SBI CONS STPLS XLP	XLP	45,742	$3.4m0.45%	0.45%	Reduced -1.7k	-1,671 -3.5%
35	PROCTER AND GAMBLE CO COM PG	PG	22,340	$3.4m0.45%	0.45%	Added +428	+428 1.9%
36	AON PLC SHS CL A AON	AON	9,568	$3.3m0.44%	0.44%	Added +551	+551 6.1%
37	AIR PRODS & CHEMS INC COM APD	APD	10,492	$3.1m0.42%	0.42%	Added +155	+155 1.5%
38	ISHARES TR RUS 2000 GRW ETF IWO	IWO	12,407	$3.0m0.40%	0.40%	Added +962	+962 8.4%
39	ISHARES TR RUS MD CP GR ETF IWP	IWP	30,825	$3.0m0.40%	0.40%	Added +2.2k	+2,181 7.6%
40	JOHNSON & JOHNSON COM JNJ	JNJ	17,487	$2.9m0.38%	0.38%	Added +735	+735 4.4%
41	CATERPILLAR INC COM CAT	CAT	11,388	$2.8m0.37%	0.37%	Reduced -287	-287 -2.5%
42	WALMART INC COM WMT	WMT	17,499	$2.8m0.36%	0.36%	Reduced -830	-830 -4.5%
43	LOCKHEED MARTIN CORP COM LMT	LMT	5,962	$2.7m0.36%	0.36%	Reduced -1.2k	-1,153 -16.2%
44	INTUIT COM INTU	INTU	5,679	$2.6m0.35%	0.35%	Added +843	+843 17.4%
45	LAM RESEARCH CORP COM COM		3,782	$2.4m0.32%	0.32%	Added +162	+162 4.5%
46	VANGUARD INDEX FDS VALUE ETF VTV	VTV	16,902	$2.4m0.32%	0.32%	Unchanged
47	HOME DEPOT INC COM HD	HD	7,680	$2.4m0.32%	0.32%	Added +247	+247 3.3%
48	NIKE INC CL B NKE	NKE	21,556	$2.4m0.32%	0.32%	Reduced -1.4k	-1,374 -6.0%
49	CHUBB LIMITED COM CB	CB	11,880	$2.3m0.30%	0.30%	Reduced -129	-129 -1.1%
50	QUALCOMM INC COM QCOM	QCOM	18,836	$2.2m0.30%	0.30%	Added +4.2k	+4,152 28.3%
51	EXPEDITORS INTL WASH INC COM EXPD	EXPD	18,098	$2.2m0.29%	0.29%	Added +257	+257 1.4%
52	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	4,729	$2.1m0.28%	0.28%	Reduced -209	-209 -4.2%
53	MICRON TECHNOLOGY INC COM MU	MU	31,934	$2.0m0.27%	0.27%	Reduced -454	-454 -1.4%
54	TJX COS INC NEW COM TJX	TJX	23,429	$2.0m0.26%	0.26%	Reduced -6.1k	-6,104 -20.7%
55	SYSCO CORP COM SYY	SYY	26,588	$2.0m0.26%	0.26%	Added +175	+175 0.7%
56	PFIZER INC COM PFE	PFE	52,652	$1.9m0.26%	0.26%	Added +3.4k	+3,416 6.9%
57	ALPHABET INC CAP STK CL C GOOG	GOOG	15,914	$1.9m0.26%	0.26%	Added +364	+364 2.3%
58	GENERAL MLS INC COM GIS	GIS	23,622	$1.8m0.24%	0.24%	Added +200	+200 0.8%
59	DISNEY WALT CO COM DIS	DIS	20,121	$1.8m0.24%	0.24%	Reduced -358	-358 -1.8%
60	STARBUCKS CORP COM SBUX	SBUX	18,005	$1.8m0.24%	0.24%	Reduced -4.2k	-4,235 -19.0%
61	CME GROUP INC COM CME	CME	9,462	$1.8m0.23%	0.23%	Added +157	+157 1.7%
62	AMGEN INC COM AMGN	AMGN	7,733	$1.7m0.23%	0.23%	Added +522	+522 7.2%
63	MEDTRONIC PLC SHS MDT	MDT	19,394	$1.7m0.23%	0.23%	Added +3.0k	+3,008 18.4%
64	CENTENE CORP DEL COM CNC	CNC	25,315	$1.7m0.23%	0.23%	Added +3.3k	+3,308 15.0%
65	PACKAGING CORP AMER COM PKG	PKG	12,755	$1.7m0.22%	0.22%	Added +1.6k	+1,612 14.5%
66	CITIZENS FINL GROUP INC COM CFG	CFG	64,168	$1.7m0.22%	0.22%	Added +10.9k	+10,895 20.4%
67	ISHARES TR CORE HIGH DV ETF HDV	HDV	15,697	$1.6m0.21%	0.21%	Reduced -29.7k	-29,733 -65.5%
68	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	3	$1.6m0.21%	0.21%	Unchanged
69	LAUDER ESTEE COS INC CL A EL	EL	7,189	$1.4m0.19%	0.19%	Reduced -835	-835 -10.4%
70	ISHARES TR RUS 2000 VAL ETF IWN	IWN	9,968	$1.4m0.19%	0.19%	Added +1.1k	+1,080 12.2%
71	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	4,903	$1.4m0.18%	0.18%	Added +46	+46 0.9%
72	TESLA INC COM TSLA	TSLA	5,014	$1.3m0.17%	0.17%	Added +263	+263 5.5%
73	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	3,791	$1.3m0.17%	0.17%	Added +56	+56 1.5%
74	AMAZON COM INC COM AMZN	AMZN	9,427	$1.2m0.16%	0.16%	Added +687	+687 7.9%
75	EXXON MOBIL CORP COM XOM	XOM	11,074	$1.2m0.16%	0.16%	Added +44	+44 0.4%
76	MCDONALDS CORP COM MCD	MCD	3,943	$1.2m0.16%	0.16%	Added +38	+38 1.0%
77	ISHARES TR RUS MDCP VAL ETF IWS	IWS	9,592	$1.1m0.14%	0.14%	Added +976	+976 11.3%
78	MERCK & CO INC COM MRK	MRK	9,080	$1.0m0.14%	0.14%	Added +79	+79 0.9%
79	ELI LILLY & CO COM LLY	LLY	2,224	$1.0m0.14%	0.14%	Added +43	+43 2.0%
80	COCA COLA CO COM KO	KO	16,284	$980.6k0.13%	0.13%	Reduced -243	-243 -1.5%
81	ISHARES TR IBONDS 26 TRM TS IBTG	IBTG	42,658	$966.2k0.13%	0.13%	New
82	PAYPAL HLDGS INC COM PYPL	PYPL	14,304	$954.5k0.13%	0.13%	Added +3.1k	+3,109 27.8%
83	ISHARES TR CORE MSCI EAFE IEFA	IEFA	13,526	$913.0k0.12%	0.12%	Added +1.8k	+1,819 15.5%
84	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	2,227	$907.0k0.12%	0.12%	Added +5	+5 0.2%
85	SELECT SECTOR SPDR TR SBI MATERIALS XLB	XLB	10,531	$872.7k0.12%	0.12%	Reduced -8.1k	-8,120 -43.5%
86	SELECT SECTOR SPDR TR SBI CONS DISCR XLY	XLY	4,989	$847.2k0.11%	0.11%	Added +1.7k	+1,669 50.3%
87	ISHARES INC CORE MSCI EMKT IEMG	IEMG	17,172	$846.4k0.11%	0.11%	Added +3.4k	+3,383 24.5%
88	ISHARES TR IBONDS DEC 29 IBDU	IBDU	37,226	$835.7k0.11%	0.11%	New
89	ISHARES TR CORE S&P MCP ETF IJH	IJH	3,141	$821.3k0.11%	0.11%	Added +381	+381 13.8%
90	UNITEDHEALTH GROUP INC COM UNH	UNH	1,683	$808.9k0.11%	0.11%	Added +23	+23 1.4%
91	ILLINOIS TOOL WKS INC COM ITW	ITW	3,182	$796.0k0.11%	0.11%	Reduced -1	-1 -0.0%
92	ISHARES TR IBONDS DEC 2030 IBDV	IBDV	37,143	$787.4k0.10%	0.10%	New
93	ISHARES TR CORE S&P SCP ETF IJR	IJR	7,892	$786.4k0.10%	0.10%	Added +1.0k	+1,022 14.9%
94	SELECT SECTOR SPDR TR INDL XLI	XLI	7,155	$767.9k0.10%	0.10%	Reduced -430	-430 -5.7%
95	PINNACLE FINL PARTNERS INC COM COM		12,570	$712.1k0.09%	0.09%	Unchanged
96	WELLS FARGO CO NEW COM WFC	WFC	15,907	$678.9k0.09%	0.09%	Added +81	+81 0.5%
97	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	19,322	$651.3k0.09%	0.09%	Reduced -24.0k	-24,013 -55.4%
98	CLOROX CO DEL COM CLX	CLX	3,991	$634.7k0.08%	0.08%	Unchanged
99	PEPSICO INC COM PEP	PEP	3,393	$628.5k0.08%	0.08%	Added +131	+131 4.0%
100	COSTCO WHSL CORP NEW COM COST	COST	1,145	$616.4k0.08%	0.08%	Added +40	+40 3.6%

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
QUALTRICS INTL INC		31,257	$557.3k31.3k shares
SCHWAB STRATEGIC TR SCHB	SCHB	1,054	$50.4k1.1k shares
ISHARES TR EFG	EFG	386	$36.2k386 shares
ABB LTD ABBNY	ABBNY	600	$20.6k600 shares
ARBOR REALTY TRUST INC ABR	ABR	1,000	$11.5k1.0k shares
FIRST TR EXCHANGE-TRADED FD QCLN	QCLN	150	$7.8k150 shares
SPDR SER TR KRE	KRE	150	$6.6k150 shares
FIRST TR EXCHANGE-TRADED FD FBT	FBT	37	$5.7k37 shares
FIRST REP BK SAN FRANCISCO C FRCB	FRCB	379	$5.3k379 shares
TAIWAN SEMICONDUCTOR MFG LTD TSM	TSM	52	$4.8k52 shares
LUMEN TECHNOLOGIES INC LUMN	LUMN	1,357	$3.6k1.4k shares
UNILEVER PLC		65	$3.4k65 shares
AMERICAN VANGUARD CORP AVD	AVD	152	$3.3k152 shares
BAIDU INC BIDU	BIDU	13	$2.0k13 shares
NOKIA CORP NOK	NOK	377	$1.9k377 shares
VODAFONE GROUP PLC NEW VOD	VOD	149	$1.6k149 shares
TERADATA CORP DEL TDC	TDC	39	$1.6k39 shares
NCR VOYIX CORPORATION VYX	VYX	39	$92139 shares
ROBLOX CORP RBLX	RBLX	20	$90020 shares
INSULET CORP PODD	PODD	2	$6382 shares
SHAKE SHACK INC SHAK	SHAK	8	$4448 shares
CERENCE INC CRNC	CRNC	15	$42215 shares
UBER TECHNOLOGIES INC UBER	UBER	7	$2227 shares
FORTUNE BRANDS INNOVATIONS I FBIN	FBIN	3	$1773 shares
UNITED STATES STL CORP NEW X	X	5	$1315 shares