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Portfolio (Quarterly) Guide ↗

INVESTMENT PARTNERS, LTD.

· CIK 0001050068
13F Portfolio $286M AUM 149 positions Filed Feb 10, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 3 New 37 Added 51 Reduced 8 Exited
Page 5 of 8  ·  149 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 GS GOLDMAN SACHS GROUP INC Financial Services 856.0 $753K 0.26% +9.0 +1.1% $879.43 +12.4%
82 XLE SELECT SECTOR SPDR TR 16,071.0 $719K 0.25% +8K +101.5% $44.71 +32.2%
83 GD GENERAL DYNAMICS CORP Industrials 2,110.0 $710K 0.25% -49.0 -2.3% $336.58 +0.6%
84 LMT LOCKHEED MARTIN CORP Industrials 1,463.0 $708K 0.25% -548.0 -27.2% $483.70 +8.1%
85 VZ VERIZON COMMUNICATIONS INC Communication Services 17,279.0 $704K 0.25% -274.0 -1.6% $40.73 +17.4%
86 XLB SELECT SECTOR SPDR TR 15,450.0 $701K 0.24% +8K +100.0% $45.35 +10.3%
87 SUB ISHARES TR 6,460.0 $689K 0.24% -2K -19.4% $106.70 -0.4%
88 ISRG INTUITIVE SURGICAL INC Healthcare 1,198.0 $678K 0.24% +54.0 +4.7% $566.36 -22.3%
89 BMY BRISTOL-MYERS SQUIBB CO Healthcare 12,472.0 $673K 0.23% -513.0 -4.0% $53.94 +10.4%
90 ABT ABBOTT LABS Healthcare 5,300.0 $664K 0.23% -395.0 -6.9% $125.30 -30.0%
91 HYD VANECK ETF TRUST 12,911.0 $660K 0.23% -2K -13.8% $51.12 -0.9%
92 NOC NORTHROP GRUMMAN CORP Industrials 1,047.0 $597K 0.21% $570.24 -3.3%
93 HDV ISHARES TR 4,900.0 $596K 0.21% -2K -25.9% $121.61 -77.3%
94 DIS DISNEY WALT CO Communication Services 5,185.0 $590K 0.21% $113.77 -9.0%
95 VONV VANGUARD SCOTTSDALE FDS 6,386.0 $589K 0.21% $92.30 +11.6%
96 RSP INVESCO EXCHANGE TRADED FD T 3,031.0 $581K 0.20% $191.53 +6.9%
97 GILD GILEAD SCIENCES INC Healthcare 4,645.0 $570K 0.20% -680.0 -12.8% $122.74 +6.3%
98 ENB ENBRIDGE INC Energy 11,574.0 $554K 0.19% -3K -18.8% $47.83 +20.8%
99 MRK MERCK & CO INC Healthcare 5,021.0 $529K 0.18% +103.0 +2.1% $105.26 +10.1%
100 SPYV SPDR SERIES TRUST 9,002.0 $511K 0.18% $56.81 +6.7%
Page 5 of 8  ·  149 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 34.9%
Financial Services 22.2%
Healthcare 11.0%
Industrials 7.1%
Consumer Defensive 7.1%
Consumer Cyclical 5.9%
Communication Services 5.6%
Energy 3.3%
Utilities 2.7%
Real Estate 0.2%