OARSMAN CAPITAL, INC.

RIA/Wealth

OARSMAN CAPITAL, INC. is a RIA/Wealth based in Dillsburg, PA led by Benjamin Jerome Kebbekus, reporting $926.8M in AUM as of Q3 2025 with 65% ETF concentration and 51% concentrated in top 10 holdings.

PresidentBenjamin Jerome Kebbekus

Portfolio Value: $712.4M
Positions: 246
Top Holding: AGG at 9.6%
Last Reported: Q3 2025

Address6 North Baltimore Street, Suite 3, Dillsburg, PA, 17019, United States

Top Holdings

Largest long holdings in OARSMAN CAPITAL, INC.'s portfolio (50.9% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares Core U.S. Aggregate Bond AGG	ETF ETF	$68.4M	9.60%	+$64.2M Bought	— 682.0K shares	Q4 2023 Held for 1y 11m
2 SPDR Portfolio S&P 500 Growth ETF SPYG	ETF ETF	$52.7M	7.40%	+$3.0M Bought	— 504.2K shares	Q4 2017 Held for 7y 11m
3 Schwab International Equity SCHF	ETF ETF	$50.2M	7.04%	+$6.5M Bought	— 2.2M shares	Q1 2015 Held for 10y 8m
4 Vanguard Value VTV	ETF ETF	$48.5M	6.80%	+$1.2M Bought	— 259.8K shares	Q1 2023 Held for 2y 8m
5 Invesco S&P 500 Equal Weight ETF RSP	ETF ETF	$37.9M	5.32%	+$2.8M Bought	— 199.9K shares	Q1 2022 Held for 3y 8m
6 SPDR Portfolio S&P 400 Mid Cap ETF SPMD	ETF ETF	$25.1M	3.52%	+$13.4M Bought	— 438.3K shares	Q2 2023 Held for 2y 5m
7 iShares Intermediate Government/Credit Bond GVI	ETF ETF	$23.6M	3.31%	-$11.1M Sold	— 219.5K shares	Q4 2022 Held for 2y 11m
8 SPDR Portfolio S&P 600 Small Cap ETF SPSM	ETF ETF	$21.6M	3.03%	+$1.6M Bought	— 466.3K shares	Q4 2017 Held for 7y 11m
9 iShares Core S&P 500 ETF IVV	ETF ETF	$17.4M	2.44%	-$2.1M Sold	— 25.9K shares	Q1 2023 Held for 2y 8m
10 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$17.2M	2.41%	-$189.7K Sold	0.00% 70.5K shares	Q2 2014 Held for 11y 5m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in OARSMAN CAPITAL, INC.'s latest filing

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Market Value

$712.4M

Prior: $637.2M

Q/Q Change

+11.8%

+$75.2M

Net Flows % of MV

+2.93%

Turnover Ratio

14.17%

New Purchases

2 stocks

$340.0K

Added To

87 stocks

+$104.5M

Sold Out Of

24 stocks

$58.9M

Reduced Holdings

107 stocks

-$25.1M

Increased Positions

Position	Shares Δ	Change
1 Sea Limited SE	New	0 → 1.1K +$200.9K
2 Patterson-UTI Energy PTEN	New	0 → 26.9K +$139.1K
3 iShares Core U.S. Aggregate Bond AGG	+1,531.05%	41.8K → 682.0K +$64.2M
4 SPDR Portfolio S&P 400 Mid Cap ETF SPMD	+114.39%	204.4K → 438.3K +$13.4M
5 Walt Disney DIS	+54.93%	13.1K → 20.3K +$824.0K

Decreased Positions

Position	Shares Δ	Change
1 iShares Core Total USD Bond Market IUSB	Sold	902.0K → 0 −$41.7M
2 Fiserv FI	Sold	45.7K → 0 −$7.9M
3 JCPB JPMorgan Core Plus Bond JCPB	Sold	46.1K → 0 −$2.2M
4 iShares Core 1-5 Year USD Bond ETF ISTB	Sold	21.3K → 0 −$1.0M
5 Comcast CMCSA	Sold	28.4K → 0 −$1.0M

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Analytics

Portfolio insights and performance metrics for OARSMAN CAPITAL, INC.

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Sector Allocation

ETF

64.50%

Technology

11.20%

Communication Services

4.60%

Financial Services

4.50%

Industrials

3.40%

Healthcare

3.20%

Consumer Cyclical

3.00%

Consumer Defensive

1.80%

Basic Materials

0.70%

Energy

0.40%

Utilities

0.30%

Real Estate

0.10%

Market Cap Distribution

Mega Cap (> $200B)

19.76%

Large Cap ($10B - $200B)

12.15%

Mid Cap ($2B - $10B)

0.83%

Small Cap ($300M - $2B)

0.28%

Nano Cap (< $50M)

0.12%

N/A (ETF or Unknown)

66.85%

Portfolio Concentration

Top 10 Holdings %

50.87%

Top 20 Holdings %

65.35%

Top 50 Holdings %

80.75%

Top 100 Holdings %

92.04%