MV CAPITAL MANAGEMENT, INC.

BETHESDA, MD · CIK 1633366 · 13F filing filed 2025-08-08

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

$972.3m reported value +4.3% vs Q1 2025

1,076positions

43.8%in top 10

75 new 335 added 453 reduced 60 sold out vs Q1 2025

Holdings, Q2 2025

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 RUS 1000 GRW ETF IWF	IWF	174,992	$74.3m7.64%	7.64%	Reduced -8.7k	-8,669 -4.7%
2	ISHARES TR RUS 1000 VAL ETF IWD	IWD	366,772	$71.2m7.33%	7.33%	Reduced -17.4k	-17,423 -4.5%
3	ISHARES TR CORE S&P500 ETF IVV	IVV	110,306	$68.5m7.04%	7.04%	Reduced -6.8k	-6,791 -5.8%
4	ABBVIE INC COM ABBV	ABBV	270,609	$50.2m5.17%	5.17%	Reduced -414	-414 -0.1%
5	ABBOTT LABS COM ABT	ABT	281,438	$38.3m3.94%	3.94%	Reduced -942	-942 -0.3%
6	ISHARES TR S&P 500 GRWT ETF IVW	IVW	302,048	$33.3m3.42%	3.42%	Reduced -13.2k	-13,186 -4.2%
7	ISHARES TR CORE US AGGBD ET AGG	AGG	253,204	$25.1m2.58%	2.58%	Reduced -3.8k	-3,845 -1.5%
8	ISHARES TR CORE MSCI EURO IEUR	IEUR	355,120	$23.5m2.42%	2.42%	Added +107.2k	+107,222 43.2%
9	ISHARES TR S&P 500 VAL ETF IVE	IVE	107,285	$21.0m2.16%	2.16%	Reduced -4.5k	-4,521 -4.0%
10	ISHARES TR IBONDS DEC 2033 IBDY	IBDY	793,721	$20.6m2.11%	2.11%	Reduced -8.2k	-8,231 -1.0%
11	ISHARES TR IBONDS DEC 2032 IBDX	IBDX	812,405	$20.5m2.11%	2.11%	Reduced -5.1k	-5,117 -0.6%
12	ISHARES TR MSCI USA MIN VOL USMV	USMV	215,522	$20.2m2.08%	2.08%	Reduced -4.4k	-4,373 -2.0%
13	NVIDIA CORPORATION COM NVDA	NVDA	120,746	$19.1m1.96%	1.96%	Reduced -2.2k	-2,207 -1.8%
14	APPLE INC COM AAPL	AAPL	84,533	$17.3m1.78%	1.78%	Reduced -544	-544 -0.6%
15	ISHARES TR IBDS DEC28 ETF IBDT	IBDT	651,849	$16.6m1.70%	1.70%	Added +11.5k	+11,451 1.8%
16	ISHARES TR IBONDS DEC 29 IBDU	IBDU	707,197	$16.5m1.70%	1.70%	Added +9.6k	+9,607 1.4%
17	ISHARES TR IBONDS 27 ETF IBDS	IBDS	675,836	$16.4m1.69%	1.69%	Added +11.6k	+11,635 1.8%
18	ISHARES TR IBONDS DEC 2030 IBDV	IBDV	744,116	$16.4m1.68%	1.68%	Added +10.5k	+10,489 1.4%
19	ISHARES TR IBONDS DEC2026 IBDR	IBDR	652,213	$15.8m1.63%	1.63%	Reduced -2.8k	-2,768 -0.4%
20	ISHARES TR IBONDS 25 TRM TS IBONDS 25 TRM TS		655,864	$15.3m1.58%	1.58%	Reduced -8.5k	-8,549 -1.3%
21	MICROSOFT CORP COM MSFT	MSFT	30,616	$15.2m1.57%	1.57%	Reduced -602	-602 -1.9%
22	ISHARES TR IBONDS DEC 2034 IBDZ	IBDZ	566,737	$14.8m1.52%	1.52%	Reduced -26.9k	-26,925 -4.5%
23	ISHARES TR IBONDS DEC 2031 IBDW	IBDW	703,640	$14.8m1.52%	1.52%	Reduced -329	-329 -0.1%
24	ISHARES TR IBONDS DEC25 ETF IBDQ	IBDQ	566,520	$14.3m1.47%	1.47%	Reduced -10.6k	-10,619 -1.8%
25	ISHARES TR IBONDS 27 TRM TS IBTH	IBTH	604,366	$13.6m1.40%	1.40%	Added +14.8k	+14,820 2.5%
26	ISHARES TR IBONDS 26 TRM TS IBTG	IBTG	590,467	$13.5m1.39%	1.39%	Reduced -8.1k	-8,079 -1.4%
27	FIDELITY COVINGTON TRUST BLUE CHIP GRWTH FBCG	FBCG	220,412	$10.6m1.09%	1.09%	Reduced -1.8k	-1,774 -0.8%
28	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	39,011	$9.9m1.02%	1.02%	Reduced -4.0k	-4,042 -9.4%
29	ISHARES TR RUS MID CAP ETF IWR	IWR	98,182	$9.0m0.93%	0.93%	Reduced -1.4k	-1,412 -1.4%
30	JPMORGAN CHASE & CO COM JPM	JPM	28,141	$8.2m0.84%	0.84%	Reduced -522	-522 -1.8%
31	ISHARES TR RUS 1000 ETF IWB	IWB	23,973	$8.1m0.84%	0.84%	Reduced -327	-327 -1.4%
32	ISHARES TR ISHS 5-10YR INVT IGIB	IGIB	108,489	$5.8m0.59%	0.59%	Added +619	+619 0.6%
33	WALMART INC COM WMT	WMT	57,781	$5.6m0.58%	0.58%	Reduced -1.3k	-1,336 -2.3%
34	ISHARES TR IBONDS 28 TRM TS IBTI	IBTI	251,720	$5.6m0.58%	0.58%	Added +41.6k	+41,578 19.8%
35	VISA INC COM CL A V	V	15,457	$5.5m0.56%	0.56%	Reduced -402	-402 -2.5%
36	ISHARES TR CORE MSCI EAFE IEFA	IEFA	57,187	$4.8m0.49%	0.49%	Added +43.7k	+43,655 322.6%
37	ALPHABET INC CAP STK CL A GOOGL	GOOGL	26,850	$4.7m0.49%	0.49%	Reduced -406	-406 -1.5%
38	CATERPILLAR INC COM CAT	CAT	11,470	$4.5m0.46%	0.46%	Reduced -233	-233 -2.0%
39	ISHARES TR SELECT DIVID ETF DVY	DVY	33,360	$4.4m0.46%	0.46%	Reduced -412	-412 -1.2%
40	COSTCO WHSL CORP NEW COM COST	COST	4,304	$4.3m0.44%	0.44%	Reduced -156	-156 -3.5%
41	PROCTER AND GAMBLE CO COM PG	PG	25,962	$4.1m0.43%	0.43%	Reduced -555	-555 -2.1%
42	ISHARES TR RUS MD CP GR ETF IWP	IWP	29,541	$4.1m0.42%	0.42%	Reduced -474	-474 -1.6%
43	ECOLAB INC COM ECL	ECL	14,738	$4.0m0.41%	0.41%	Added +1	+1 0.0%
44	MASTERCARD INCORPORATED CL A MA	MA	6,763	$3.8m0.39%	0.39%	Reduced -187	-187 -2.7%
45	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	5	$3.6m0.37%	0.37%	Unchanged
46	VANGUARD INDEX FDS VALUE ETF VTV	VTV	20,208	$3.6m0.37%	0.37%	Unchanged
47	TJX COS INC NEW COM TJX	TJX	28,030	$3.5m0.36%	0.36%	Reduced -784	-784 -2.7%
48	QUALCOMM INC COM QCOM	QCOM	21,625	$3.4m0.35%	0.35%	Reduced -481	-481 -2.2%
49	ISHARES INC MSCI EURZONE ETF EZU	EZU	57,335	$3.4m0.35%	0.35%	Added +33.2k	+33,169 137.2%
50	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	24,696	$3.3m0.34%	0.34%	Reduced -1.9k	-1,924 -7.2%
51	LAM RESEARCH CORP COM NEW LRCX	LRCX	33,373	$3.2m0.33%	0.33%	Reduced -947	-947 -2.8%
52	INTUIT COM INTU	INTU	4,095	$3.2m0.33%	0.33%	Reduced -134	-134 -3.2%
53	MICRON TECHNOLOGY INC COM MU	MU	25,816	$3.2m0.33%	0.33%	Reduced -661	-661 -2.5%
54	HOME DEPOT INC COM HD	HD	8,651	$3.2m0.33%	0.33%	Reduced -176	-176 -2.0%
55	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	7,040	$3.1m0.32%	0.32%	Unchanged
56	AMAZON COM INC COM AMZN	AMZN	14,064	$3.1m0.32%	0.32%	Reduced -225	-225 -1.6%
57	GARMIN LTD SHS GRMN	GRMN	14,715	$3.1m0.32%	0.32%	Reduced -292	-292 -1.9%
58	CHUBB LIMITED COM CB	CB	10,205	$3.0m0.30%	0.30%	Reduced -303	-303 -2.9%
59	ISHARES TR RUS 2000 GRW ETF IWO	IWO	10,076	$2.9m0.30%	0.30%	Reduced -595	-595 -5.6%
60	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	9,542	$2.9m0.29%	0.29%	Reduced -308	-308 -3.1%
61	CITIZENS FINL GROUP INC COM CFG	CFG	63,538	$2.8m0.29%	0.29%	Reduced -2.7k	-2,678 -4.0%
62	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	4,596	$2.8m0.29%	0.29%	Unchanged
63	AON PLC SHS CL A AON	AON	7,938	$2.8m0.29%	0.29%	Reduced -203	-203 -2.5%
64	SALESFORCE INC COM CRM	CRM	10,381	$2.8m0.29%	0.29%	Reduced -366	-366 -3.4%
65	JOHNSON & JOHNSON COM JNJ	JNJ	18,433	$2.8m0.29%	0.29%	Reduced -770	-770 -4.0%
66	SYSCO CORP COM SYY	SYY	36,913	$2.8m0.29%	0.29%	Reduced -873	-873 -2.3%
67	ALPHABET INC CAP STK CL C GOOG	GOOG	15,276	$2.7m0.28%	0.28%	Reduced -364	-364 -2.3%
68	SELECT SECTOR SPDR TR SBI INT-UTILS XLU	XLU	32,991	$2.7m0.28%	0.28%	Reduced -833	-833 -2.5%
69	AIR PRODS & CHEMS INC COM APD	APD	9,532	$2.7m0.28%	0.28%	Reduced -198	-198 -2.0%
70	ISHARES TR IBONDS 29 TRM TS IBTJ	IBTJ	120,955	$2.7m0.27%	0.27%	Added +16.8k	+16,847 16.2%
71	EXPEDITORS INTL WASH INC COM EXPD	EXPD	23,051	$2.6m0.27%	0.27%	Reduced -1.4k	-1,448 -5.9%
72	LOCKHEED MARTIN CORP COM LMT	LMT	5,452	$2.5m0.26%	0.26%	Reduced -241	-241 -4.2%
73	MSCI INC COM MSCI	MSCI	4,265	$2.5m0.25%	0.25%	Reduced -101	-101 -2.3%
74	PACKAGING CORP AMER COM PKG	PKG	12,122	$2.3m0.23%	0.23%	Reduced -204	-204 -1.7%
75	MERCK & CO INC COM MRK	MRK	28,595	$2.3m0.23%	0.23%	Reduced -1.8k	-1,789 -5.9%
76	CME GROUP INC COM CME	CME	8,072	$2.2m0.23%	0.23%	Reduced -291	-291 -3.5%
77	AMGEN INC COM AMGN	AMGN	7,918	$2.2m0.23%	0.23%	Reduced -135	-135 -1.7%
78	ISHARES TR 1 3 YR TREAS BD SHY	SHY	25,526	$2.1m0.22%	0.22%	Reduced -45	-45 -0.2%
79	ELI LILLY & CO COM LLY	LLY	2,458	$1.9m0.20%	0.20%	Reduced -8	-8 -0.3%
80	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	3,858	$1.9m0.19%	0.19%	Reduced -19	-19 -0.5%
81	ISHARES INC CORE MSCI EMKT IEMG	IEMG	29,716	$1.8m0.18%	0.18%	Unchanged
82	CENTENE CORP DEL COM CNC	CNC	30,458	$1.7m0.17%	0.17%	Added +676	+676 2.3%
83	META PLATFORMS INC CL A META	META	2,205	$1.6m0.17%	0.17%	Reduced -71	-71 -3.1%
84	MEDTRONIC PLC SHS MDT	MDT	17,529	$1.5m0.16%	0.16%	Reduced -1.3k	-1,254 -6.7%
85	SELECT SECTOR SPDR TR SBI CONS STPLS XLP	XLP	18,399	$1.5m0.15%	0.15%	Reduced -433	-433 -2.3%
86	WELLS FARGO CO NEW COM WFC	WFC	18,358	$1.5m0.15%	0.15%	Added +47	+47 0.3%
87	ISHARES TR RUS 2000 VAL ETF IWN	IWN	9,319	$1.5m0.15%	0.15%	Reduced -1.1k	-1,110 -10.6%
88	PINNACLE FINL PARTNERS INC COM COM		12,570	$1.4m0.14%	0.14%	Unchanged
89	ISHARES TR RUS MDCP VAL ETF IWS	IWS	10,390	$1.4m0.14%	0.14%	Reduced -1.7k	-1,683 -13.9%
90	ISHARES TR RUSSELL 2000 ETF IWM	IWM	6,343	$1.4m0.14%	0.14%	Reduced -2.0k	-2,031 -24.2%
91	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	2,392	$1.4m0.14%	0.14%	Reduced -412	-412 -14.7%
92	EXXON MOBIL CORP COM XOM	XOM	12,108	$1.3m0.13%	0.13%	Added +96	+96 0.8%
93	ISHARES TR CORE HIGH DV ETF HDV	HDV	10,526	$1.2m0.13%	0.13%	Reduced -172	-172 -1.6%
94	MCDONALDS CORP COM MCD	MCD	3,782	$1.1m0.11%	0.11%	Reduced -7	-7 -0.2%
95	BROADCOM INC COM AVGO	AVGO	3,841	$1.1m0.11%	0.11%	Added +159	+159 4.3%
96	COCA COLA CO COM KO	KO	13,353	$944.7k0.10%	0.10%	Reduced -42	-42 -0.3%
97	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	3,141	$926.0k0.10%	0.10%	Unchanged
98	MARRIOTT INTL INC NEW CL A MAR	MAR	3,357	$917.2k0.09%	0.09%	Reduced -32	-32 -0.9%
99	RTX CORPORATION COM RTX	RTX	6,072	$886.6k0.09%	0.09%	Reduced -301	-301 -4.7%
100	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	16,732	$876.3k0.09%	0.09%	Reduced -97	-97 -0.6%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
SPDR SER TR BIL	BIL	801	$73.5k801 shares
ABRDN GLOBAL PREMIER PPTYS F XAWPX	XAWPX	7,500	$29.1k7.5k shares
DISCOVER FINL SVCS DFS	DFS	154	$26.3k154 shares
PACER FDS TR PTLC	PTLC	316	$16.3k316 shares
INVESCO EXCHANGE TRADED FD T PDP	PDP	117	$11.7k117 shares
BERRY GLOBAL GROUP INC BERY	BERY	152	$10.6k152 shares
PACER FDS TR PTMC	PTMC	228	$7.9k228 shares
FIRST CTZNS BANCSHARES INC N FCNCA	FCNCA	2	$3.7k2 shares
UNITED STATES STL CORP NEW X	X	63	$2.7k63 shares
ONTO INNOVATION INC ONTO	ONTO	18	$2.2k18 shares
TELEFLEX INCORPORATED TFX	TFX	15	$2.1k15 shares
LIONS GATE ENTMNT CORP LGF	LGF	182	$1.6k182 shares
JAZZ PHARMACEUTICALS PLC JAZZ	JAZZ	10	$1.2k10 shares
AMN HEALTHCARE SVCS INC AMN	AMN	45	$1.1k45 shares
LIONS GATE ENTMNT CORP		105	$832105 shares
INTEGRA LIFESCIENCES HLDGS C IART	IART	35	$77035 shares
EMCOR GROUP INC EME	EME	2	$7402 shares
BOSTON BEER INC SAM	SAM	2	$4782 shares
PAYCOR HCM INC		18	$40418 shares
MILLROSE PPTYS INC MRP	MRP	15	$39815 shares
HELEN OF TROY LTD HELE	HELE	7	$3757 shares
NEXSTAR MEDIA GROUP INC NXST	NXST	2	$3592 shares
GRACO INC GGG	GGG	4	$3354 shares
GROCERY OUTLET HLDG CORP GO	GO	23	$32223 shares
BLUE OWL CAPITAL INC OWL	OWL	16	$32116 shares