Investment Research & Advisory Group, Inc.

ATLANTA, GA · CIK 1802136 · 13F filing filed 2024-07-30

SEC-registered investment adviser since 2009 · corporation

Assets managed$15.4bn
Staff19 · 18 in investment roles
Main clients (by assets)Pension plans 90%, High net worth individuals 4%, State and local governments 2%
Form ADV · 2026-03-11SEC adviser record

$225.6m reported value +3.8% vs Q1 2024

207positions

54.2%in top 10

8 new 41 added 28 reduced 9 sold out vs Q1 2024

Holdings, Q2 2024

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	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	92,122	$46.1m20.42%	20.42%	Reduced -1.1k	-1,093 -1.2%
2	APPLE INC COM AAPL	AAPL	84,727	$17.8m7.91%	7.91%	Reduced -1.3k	-1,308 -1.5%
3	MICROSOFT CORP COM MSFT	MSFT	24,967	$11.2m4.95%	4.95%	Reduced -14	-14 -0.1%
4	NVIDIA CORPORATION COM NVDA	NVDA	72,614	$9.0m3.98%	3.98%	Reduced -386	-386 -0.5%
5	AMAZON COM INC COM AMZN	AMZN	41,751	$8.1m3.58%	3.58%	Reduced -57	-57 -0.1%
6	ALPHABET INC CAP STK CL A GOOGL	GOOGL	42,610	$7.8m3.44%	3.44%	Reduced -472	-472 -1.1%
7	MASTERCARD INCORPORATED CL A MA	MA	13,532	$6.0m2.65%	2.65%	Added +82	+82 0.6%
8	ELI LILLY & CO COM LLY	LLY	6,435	$5.8m2.58%	2.58%	Added +166	+166 2.6%
9	META PLATFORMS INC CL A META	META	10,746	$5.4m2.40%	2.40%	Reduced -120	-120 -1.1%
10	JPMORGAN CHASE & CO COM JPM	JPM	25,786	$5.2m2.31%	2.31%	Added +349	+349 1.4%
11	VISA INC COM CL A V	V	19,593	$5.1m2.28%	2.28%	Added +134	+134 0.7%
12	SCHWAB CHARLES CORP COM SCHW	SCHW	61,951	$4.6m2.02%	2.02%	Reduced -299	-299 -0.5%
13	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	4,354	$4.5m1.97%	1.97%	Added +181	+181 4.3%
14	UBER TECHNOLOGIES INC COM UBER	UBER	57,330	$4.2m1.85%	1.85%	Added +1.6k	+1,649 3.0%
15	BLACKROCK INC COM BLK	BLK	5,237	$4.1m1.83%	1.83%	Added +17	+17 0.3%
16	COSTCO WHSL CORP NEW COM COST	COST	4,522	$3.8m1.70%	1.70%	Added +50	+50 1.1%
17	SALESFORCE INC COM CRM	CRM	14,873	$3.8m1.69%	1.69%	Added +30	+30 0.2%
18	IQVIA HLDGS INC COM IQV	IQV	17,515	$3.7m1.64%	1.64%	Added +70	+70 0.4%
19	CHUBB LIMITED COM CB	CB	13,532	$3.5m1.53%	1.53%	Reduced -40	-40 -0.3%
20	UNITEDHEALTH GROUP INC COM UNH	UNH	6,216	$3.2m1.40%	1.40%	Added +49	+49 0.8%
21	DISNEY WALT CO COM DIS	DIS	29,520	$2.9m1.30%	1.30%	Reduced -97	-97 -0.3%
22	FISERV INC COM FISV	FISV	19,658	$2.9m1.30%	1.30%	Added +441	+441 2.3%
23	VANGUARD INDEX FDS SMALL CP ETF VB	VB	13,125	$2.9m1.27%	1.27%	Reduced -23	-23 -0.2%
24	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	6,975	$2.8m1.26%	1.26%	Reduced -159	-159 -2.2%
25	GENERAL DYNAMICS CORP COM GD	GD	9,375	$2.7m1.21%	1.21%	Added +176	+176 1.9%
26	ADOBE INC COM ADBE	ADBE	4,455	$2.5m1.10%	1.10%	Added +557	+557 14.3%
27	LOCKHEED MARTIN CORP COM LMT	LMT	5,033	$2.4m1.04%	1.04%	Added +291	+291 6.1%
28	VEEVA SYS INC CL A COM VEEV	VEEV	12,637	$2.3m1.03%	1.03%	Added +1.1k	+1,054 9.1%
29	GE AEROSPACE COM NEW GE	GE	14,381	$2.3m1.01%	1.01%	Reduced -160	-160 -1.1%
30	COMCAST CORP NEW CL A CMCSA	CMCSA	56,809	$2.2m0.99%	0.99%	Reduced -1.6k	-1,643 -2.8%
31	STARBUCKS CORP COM SBUX	SBUX	27,898	$2.2m0.96%	0.96%	Added +163	+163 0.6%
32	JOHNSON & JOHNSON COM JNJ	JNJ	14,779	$2.2m0.96%	0.96%	Added +156	+156 1.1%
33	ARCHER DANIELS MIDLAND CO COM ADM	ADM	34,000	$2.1m0.91%	0.91%	Unchanged
34	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	3,587	$2.0m0.88%	0.88%	Added +56	+56 1.6%
35	PHILIP MORRIS INTL INC COM PM	PM	18,984	$1.9m0.85%	0.85%	Added +235	+235 1.2%
36	OTIS WORLDWIDE CORP COM OTIS	OTIS	18,368	$1.8m0.78%	0.78%	Added +719	+719 4.1%
37	CARMAX INC COM KMX	KMX	23,499	$1.7m0.76%	0.76%	Added +922	+922 4.1%
38	SPDR SER TR SPDR S&P 500 ETF SPYX	SPYX	3,070	$1.7m0.74%	0.74%	Reduced -75	-75 -2.4%
39	PROCTER AND GAMBLE CO COM PG	PG	9,375	$1.5m0.69%	0.69%	Added +34	+34 0.4%
40	DANAHER CORPORATION COM DHR	DHR	5,060	$1.3m0.56%	0.56%	Added +311	+311 6.5%
41	VANGUARD STAR FDS VG TL INTL STK F VXUS	VXUS	18,169	$1.1m0.49%	0.49%	Added +254	+254 1.4%
42	MONDELEZ INTL INC CL A MDLZ	MDLZ	1,607	$1.1m0.47%	0.47%	Unchanged
43	CHOICE HOTELS INTL INC COM CHH	CHH	7,998	$951.8k0.42%	0.42%	Unchanged
44	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	11,378	$819.8k0.36%	0.36%	Reduced -90	-90 -0.8%
45	HOME DEPOT INC COM HD	HD	2,370	$815.7k0.36%	0.36%	Reduced -30	-30 -1.2%
46	ISHARES TR CORE S&P500 ETF IVV	IVV	1,399	$765.6k0.34%	0.34%	Reduced -10	-10 -0.7%
47	ALPHABET INC CAP STK CL C GOOG	GOOG	3,891	$713.7k0.32%	0.32%	Added +18	+18 0.5%
48	ISHARES TR CORE S&P MCP ETF IJH	IJH	11,677	$683.4k0.30%	0.30%	Added +84	+84 0.7%
49	INDEPENDENCE RLTY TR INC COM IRT	IRT	36,098	$676.5k0.30%	0.30%	Unchanged
50	ISHARES TR S&P 500 GRWT ETF IVW	IVW	7,135	$660.3k0.29%	0.29%	Unchanged
51	PALO ALTO NETWORKS INC COM PANW	PANW	1,928	$653.6k0.29%	0.29%	Added +104	+104 5.7%
52	GE VERNOVA INC COM GEV	GEV	3,594	$616.4k0.27%	0.27%	New
53	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	1,179	$564.9k0.25%	0.25%	Added +1	+1 0.1%
54	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	9,147	$536.4k0.24%	0.24%	Reduced -108	-108 -1.2%
55	VANGUARD WORLD FD ENERGY ETF VDE	VDE	3,965	$505.8k0.22%	0.22%	Unchanged
56	ISHARES TR S&P 500 VAL ETF IVE	IVE	2,545	$463.2k0.21%	0.21%	Unchanged
57	SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP MDY	MDY	847	$453.2k0.20%	0.20%	Unchanged
58	FEDEX CORP COM FDX	FDX	1,171	$351.1k0.16%	0.16%	Unchanged
59	MERCK & CO INC COM MRK	MRK	2,462	$304.8k0.14%	0.14%	Unchanged
60	LOWES COS INC COM LOW	LOW	1,132	$249.6k0.11%	0.11%	Unchanged
61	SYNOPSYS INC COM SNPS	SNPS	5,717	$229.8k0.10%	0.10%	Unchanged
62	ZETA GLOBAL HOLDINGS CORP CL A ZETA	ZETA	11,980	$211.4k0.09%	0.09%	Unchanged
63	COCA COLA CO COM KO	KO	3,298	$209.9k0.09%	0.09%	Unchanged
64	ABBVIE INC COM ABBV	ABBV	1,193	$204.6k0.09%	0.09%	Unchanged
65	BANK AMERICA CORP COM BAC	BAC	4,806	$191.1k0.08%	0.08%	Unchanged
66	ISHARES TR CORE S&P SCP ETF IJR	IJR	1,776	$189.4k0.08%	0.08%	Unchanged
67	AMGEN INC COM AMGN	AMGN	604	$188.7k0.08%	0.08%	Unchanged
68	SPDR SER TR S&P DIVID ETF SDY	SDY	13,301	$169.2k0.08%	0.08%	Added +12.1k	+12,074 984.0%
69	BOEING CO COM BA	BA	885	$161.1k0.07%	0.07%	Unchanged
70	ISHARES TR S&P SML 600 GWT IJT	IJT	1,252	$160.8k0.07%	0.07%	Unchanged
71	BROADCOM INC COM AVGO	AVGO	91	$146.1k0.06%	0.06%	Unchanged
72	ISHARES TOTAL US STOCK MARKET ETF CORE S&P TTL STK ETF CORE S&P TTL STK ETF		1,209	$143.5k0.06%	0.06%	Added +67	+67 5.9%
73	NOVO-NORDISK A S ADR NVO	NVO	940	$134.2k0.06%	0.06%	Unchanged
74	ISHARES TR SP SMCP600VL ETF IJS	IJS	1,294	$125.9k0.06%	0.06%	Unchanged
75	ISHARES TR SELECT DIVID ETF DVY	DVY	1,000	$121.0k0.05%	0.05%	Unchanged
76	ISHARES TR ESG AWR MSCI USA ESGU	ESGU	1,003	$119.7k0.05%	0.05%	Added +2	+2 0.2%
77	ARISTA NETWORKS INC COM COM		320	$112.2k0.05%	0.05%	Unchanged
78	CHEVRON CORP NEW COM CVX	CVX	703	$110.0k0.05%	0.05%	Unchanged
79	SERVICENOW INC COM NOW	NOW	119	$93.6k0.04%	0.04%	Unchanged
80	BROOKFIELD CORP CL A LTD VT SH BN	BN	2,250	$93.5k0.04%	0.04%	Unchanged
81	ABBOTT LABS COM ABT	ABT	888	$92.3k0.04%	0.04%	Unchanged
82	ISHARES TR ISHARES BIOTECH IBB	IBB	642	$88.1k0.04%	0.04%	Unchanged
83	GENERAL MLS INC COM GIS	GIS	1,370	$86.7k0.04%	0.04%	Unchanged
84	ENSTAR GROUP LIMITED SHS ESGR	ESGR	273	$83.5k0.04%	0.04%	Unchanged
85	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	991	$76.0k0.03%	0.03%	Unchanged
86	PNC FINL SVCS GROUP INC COM PNC	PNC	488	$75.9k0.03%	0.03%	Unchanged
87	WELLS FARGO CO NEW COM WFC	WFC	1,225	$72.8k0.03%	0.03%	Unchanged
88	PHILLIPS 66 COM PSX	PSX	500	$70.6k0.03%	0.03%	Unchanged
89	CITIGROUP INC COM NEW C	C	1,108	$70.3k0.03%	0.03%	Unchanged
90	GOLDMAN SACHS GROUP INC COM GS	GS	139	$62.9k0.03%	0.03%	Unchanged
91	DUKE ENERGY CORP NEW COM NEW DUK	DUK	614	$61.6k0.03%	0.03%	Added +6	+6 1.0%
92	VANGUARD CHARLOTTE FDS TOTAL INT BD ETF BNDX	BNDX	1,253	$61.0k0.03%	0.03%	Unchanged
93	NIKE INC CL B NKE	NKE	764	$57.6k0.03%	0.03%	Reduced -826	-826 -52.0%
94	EDWARDS LIFESCIENCES CORP COM EW	EW	600	$55.4k0.02%	0.02%	Unchanged
95	ALTRIA GROUP INC COM MO	MO	1,197	$54.5k0.02%	0.02%	Unchanged
96	TRUIST FINL CORP COM TFC	TFC	1,283	$49.9k0.02%	0.02%	Reduced -10.6k	-10,603 -89.2%
97	CHECK POINT SOFTWARE TECH LT ORD CHKP	CHKP	300	$49.5k0.02%	0.02%	Unchanged
98	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	212	$48.0k0.02%	0.02%	Unchanged
99	AIR PRODS & CHEMS INC COM APD	APD	185	$47.7k0.02%	0.02%	Unchanged
100	WORKDAY INC CL A WDAY	WDAY	209	$46.7k0.02%	0.02%	Unchanged

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
GE HEALTHCARE TECHNOLOGIES I GEHC	GEHC	708	$64.4k708 shares
BRISTOL-MYERS SQUIBB CO BMY	BMY	1,170	$63.4k1.2k shares
SPDR INDEX SHS FDS SPDW	SPDW	330	$11.8k330 shares
ISHARES TR IWF	IWF	35	$11.8k35 shares
VANGUARD INDEX FDS VTV	VTV	58	$9.4k58 shares
SPDR INDEX SHS FDS SPEM	SPEM	143	$5.2k143 shares
RITHM CAPITAL CORP RITM	RITM	360	$4.0k360 shares
DIAMONDBACK ENERGY INC FANG	FANG	4	$7934 shares
VIRGIN GALACTIC HOLDINGS INC		1	$301 shares