OARSMAN CAPITAL, INC. Q4 2025 Filing

Filed February 13, 2026

Portfolio Value

$770.7M

Holdings

239

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (239 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	AGGISHARES CORE U.S. AGGREGATE BOND ETF	758,319	$75.7M	9.83%
2	SCHFSCHWAB INTERNATIONAL EQUITY ETF	2,585,925	$62.2M	8.07%
3	SPYGSTATE STREET SPDR PORTFOLIO S&P 500 GROWTH ETF	538,799	$57.5M	7.46%
4	VTVVANGUARD VALUE ETF	276,495	$52.8M	6.85%
5	RSPINVESCO S&P 500 EQUAL WEIGHT ETF	227,723	$43.6M	5.66%
6	SPMDSTATE STREET SPDR PORTFOLIO S&P 400 MID CAP ETF	482,998	$28.0M	3.63%
7	GVIISHARES INTERMEDIATE GOVERNMENT/CREDIT BOND ETF	233,532	$25.1M	3.25%
8	GOOGALPHABET INC CAP STK CL C	73,379	$23.0M	2.99%	Put
9	SPSMSTATE STREET SPDR PORTFOLIO S&P 600 SMALL CAP ETF	489,940	$23.0M	2.98%
10	IVVISHARES CORE S&P 500 ETF	25,642	$17.6M	2.28%
11	EMXCISHARES MSCI EMERGING MARKETS EX CHINA ETF	216,992	$15.8M	2.05%
12	MSFTMICROSOFT CORP COM	29,953	$14.5M	1.88%
13	AAPLAPPLE INC COM	49,984	$13.6M	1.76%
14	SPYMSTATE STREET SPDR PORTFOLIO S&P 500 ETF	165,466	$13.3M	1.72%
15	NVDANVIDIA CORPORATION COM	69,051	$12.9M	1.67%
16	AAAUGOLDMAN SACHS PHYSICAL GOLD ETF	194,089	$8.3M	1.07%
17	IWFISHARES RUSSELL 1000 GROWTH ETF	17,178	$8.1M	1.05%
18	AVGOBROADCOM INC COM	22,395	$7.8M	1.01%
19	JPSTJPMORGAN ULTRA-SHORT INCOME ETF	133,569	$6.8M	0.88%
20	AMZNAMAZON COM INC COM	28,450	$6.6M	0.85%
21	GOOGLALPHABET INC CAP STK CL A	20,603	$6.4M	0.84%
22	METAMETA PLATFORMS INC CL A	7,634	$5.0M	0.65%
23	WMTWALMART INC COM	44,257	$4.9M	0.64%
24	GSGOLDMAN SACHS GROUP INC COM	5,567	$4.9M	0.63%
25	TRVCCITIGROUP INC COM NEW	41,210	$4.8M	0.62%
26	RSPGINVESCO EQUAL WEIGHT ENERGY ETF	57,879	$4.6M	0.60%
27	TJXTJX COS INC	29,847	$4.6M	0.59%
28	ABBVABBVIE INC COM	19,056	$4.4M	0.56%
29	CATCATERPILLAR INC COM	7,526	$4.3M	0.56%
30	JPREJPMORGAN REALTY INCOME ETF	90,369	$4.2M	0.55%
31	APHAMPHENOL CORP CL A	31,122	$4.2M	0.55%
32	BRK/BBERKSHIRE HATHAWAY INC DEL CL B	8,182	$4.1M	0.53%
33	IBMINTERNATIONAL BUSINESS MACHS COM	13,860	$4.1M	0.53%
34	WFCWELLS FARGO & CO COM	43,715	$4.1M	0.53%
35	PDBCINVESCO OPTIMUM YIELD DIVERSIFIED COMMODITY STRATEGY NO K-1 ETF	290,266	$3.8M	0.50%
36	JNJJOHNSON & JOHNSON COM	18,048	$3.7M	0.48%
37	JCIJOHNSON CTLS INTL PLC SHS	29,569	$3.5M	0.46%
38	PHPARKER-HANNIFIN CORP COM	4,009	$3.5M	0.46%
39	MDTMEDTRONIC PLC SHS	34,083	$3.3M	0.42%
40	HPEHEWLETT PACKARD ENTERPRISE CO COM	135,996	$3.3M	0.42%
41	SPYSTATE STREET SPDR S&P 500 ETF	4,739	$3.2M	0.42%
42	SCHZSCHWAB US AGGREGATE BOND ETF	130,853	$3.1M	0.40%
43	ORLYOREILLY AUTOMOTIVE INC COM	32,440	$3.0M	0.38%
44	CMICUMMINS INC COM	5,745	$2.9M	0.38%
45	LDOSLEIDOS HOLDINGS INC COM	15,914	$2.9M	0.37%
46	KRKROGER CO COM	45,608	$2.8M	0.37%
47	FCXFREEPORT MCMORAN INC CL B	55,928	$2.8M	0.37%
48	INTUINTUIT COM	4,139	$2.7M	0.36%
49	CSCOCISCO SYS INC COM	35,554	$2.7M	0.36%
50	JPMJPMORGAN CHASE & CO COM	8,343	$2.7M	0.35%
51	GQ9SPDR GOLD SHARES	6,711	$2.7M	0.35%
52	AZNASTRAZENECA PLC ORD	28,644	$2.6M	0.34%
53	IXUSISHARES CORE MSCI TOTAL INTERNATIONAL STOCK ETF	30,258	$2.6M	0.33%
54	UBERUBER TECHNOLOGIES INC COM	30,358	$2.5M	0.32%
55	TSLATESLA INC COM	5,463	$2.5M	0.32%	Call
56	QCOMQUALCOMM INC COM	14,304	$2.4M	0.32%
57	IWDISHARES RUSSELL 1000 VALUE ETF	11,333	$2.4M	0.31%
58	DISDISNEY WALT CO COM	20,658	$2.4M	0.30%
59	BACBANK AMERICA CORP COM	42,267	$2.3M	0.30%
60	GWWWW GRAINGER INC COM	2,217	$2.2M	0.29%
61	MLPXGLOBAL X MLP & ENERGY INFRASTRUCTURE ETF	36,211	$2.2M	0.28%
62	VRTXVERTEX PHARMACEUTICALS	4,790	$2.2M	0.28%
63	BMYBRISTOL-MYERS SQUIBB CO COM	39,306	$2.1M	0.28%
64	BUGGLOBAL X CYBERSECURITY ETF	69,545	$2.1M	0.27%
65	VEAVANGUARD FTSE DEVELOPED MARKETS ETF	33,880	$2.1M	0.27%
66	LLYELI LILLY & CO COM	1,929	$2.1M	0.27%
67	FISVFISERV INC COM	30,831	$2.1M	0.27%
68	IJSISHARES S&P SMALL-CAP 600 VALUE ETF	18,093	$2.1M	0.27%
69	HBANHUNTINGTON BANCSHARES INC COM	111,540	$1.9M	0.25%
70	IAUMISHARES GOLD TRUST MICRO ETF OF BENEF INTEREST	44,976	$1.9M	0.25%
71	RJFRAYMOND JAMES FINL INC	11,715	$1.9M	0.24%
72	VVISA INC COM CL A	5,361	$1.9M	0.24%
73	PEPPEPSICO INC COM	12,521	$1.8M	0.23%
74	DFASDIMENSIONAL U.S. SMALL CAP ETF	25,769	$1.8M	0.23%
75	VTIVANGUARD TOTAL STOCK MARKET ETF	5,078	$1.7M	0.22%
76	IJTISHARES S&P SMALL-CAP 600 GROWTH ETF	11,945	$1.7M	0.22%
77	SCHCSCHWAB INTERNATIONAL SMALL-CAP EQUITY ETF	36,389	$1.7M	0.21%
78	VOOVANGUARD S&P 500 ETF	2,546	$1.6M	0.21%
79	ORCLORACLE CORP COM	8,102	$1.6M	0.20%
80	MTGMGIC INVT CORP WIS COM	52,483	$1.5M	0.20%
81	TYLTYLER TECHNOLOGIES INC	3,364	$1.5M	0.20%
82	UNHUNITEDHEALTH GROUP INC COM	4,597	$1.5M	0.20%
83	COSTCOSTCO WHOLESALE CORPORATION COM	1,656	$1.4M	0.19%
84	OI*O-I GLASS INC COM	88,965	$1.3M	0.17%
85	SCHBSCHWAB U.S. BROAD MARKET ETF	45,560	$1.2M	0.16%
86	MUBISHARES NATIONAL MUNI BOND ETF	10,758	$1.2M	0.15%
87	OLNOLIN CORP	55,190	$1.1M	0.15%
88	MUABLACKROCK MUNIASSETS FD INC COM	100,886	$1.1M	0.14%
89	UPSUNITED PARCEL SVCS INC CL B	10,871	$1.1M	0.14%
90	IWPISHARES RUSSELL MID-CAP GROWTH ETF	7,683	$1.1M	0.14%
91	CTRACOTERRA ENERGY INC COM	35,817	$942K	0.12%
92	NDQINVESCO QQQ TRUST SERIES I	1,509	$926K	0.12%
93	MCDMCDONALDS CORP COM	3,011	$920K	0.12%
94	OMCOMNICOM GROUP INC COM	11,340	$915K	0.12%
95	ACWXISHARES MSCI ACWI EX U.S. ETF	13,113	$880K	0.11%
96	ISRGINTUITIVE SURGICAL INC COM NEW	1,542	$873K	0.11%
97	UALUNITED AIRLS HLDGS INC COM	7,741	$865K	0.11%
98	AMDADVANCED MICRO DEVICES INC COM	4,033	$863K	0.11%
99	IJHISHARES ESG SELECT S&P MIDCAP ETF	12,872	$849K	0.11%
100	RPMRPM INTL INC COM	8,170	$849K	0.11%

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