Raub Brock Capital Management LP Long-Term Concentrated

Period: Q4 2025 (← Previous)

Filing Date: Jan 15, 2026

Total Value ($000): $448,942 (100.0% shares, 0.0% debt)

Holdings (40)

New Positions (1)

Value ($000) $393 Shares 830 Est. Cost $473.30 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWF	ISHARES TR	830	$393	0.1%	$473.30	—	RUS 1000 GRW ETF	464287614

Increased Positions (2)

VIG VANGUARD SPECIALIZED FUNDS 4.4%

Value ($000) $19,864 (+2042.4%) Shares 90,382 (+2003.4%) Est. Cost $217.10 Unrealized —

SCHF SCHWAB STRATEGIC TR 0.1%

Value ($000) $234 (+6.2%) Shares 9,736 (+2.9%) Est. Cost $22.15 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VIG	VANGUARD SPECIALIZED FUNDS	90,382 (+2003.4%)	$19,864 (+2042.4%)	4.4%	$217.10	—	DIV APP ETF	921908844
SCHF	SCHWAB STRATEGIC TR	9,736 (+2.9%)	$234 (+6.2%)	0.1%	$22.15	—	INTL EQTY ETF	808524805

Decreased Positions (26)

MSI MOTOROLA SOLUTIONS INC 1.7%

Value ($000) $7,758 (-51.3%) Shares 20,240 (-41.9%) Est. Cost $468.46 Unrealized -14.4%

ETN EATON CORP PLC 1.8%

Value ($000) $8,056 (-49.4%) Shares 25,293 (-40.5%) Est. Cost $363.27 Unrealized -2.4%

ORCL ORACLE CORP 3.3%

Value ($000) $14,853 (-33.4%) Shares 76,205 (-3.9%) Est. Cost $107.41 Unrealized +121.6%

LLY ELI LILLY & CO 5.1%

Value ($000) $22,762 (+36.2%) Shares 21,180 (-3.3%) Est. Cost $291.99 Unrealized +227.3%

V VISA INC 1.8%

Value ($000) $8,213 (-36.3%) Shares 23,419 (-38.0%) Est. Cost $346.92 Unrealized -1.9%

MCO MOODYS CORP 2.8%

Value ($000) $12,381 (-19.6%) Shares 24,235 (-25.0%) Est. Cost $478.56 Unrealized +1.8%

ZTS ZOETIS INC 2.5%

Value ($000) $11,272 (-18.9%) Shares 89,592 (-5.7%) Est. Cost $92.55 Unrealized +40.8%

ADP AUTOMATIC DATA PROCESSING IN 3.2%

Value ($000) $14,542 (-15.1%) Shares 56,534 (-3.1%) Est. Cost $124.71 Unrealized +112.4%

PH PARKER-HANNIFIN CORP 5.4%

Value ($000) $24,461 (+11.1%) Shares 27,830 (-4.2%) Est. Cost $277.43 Unrealized +194.8%

CARR CARRIER GLOBAL CORPORATION 2.8%

Value ($000) $12,503 (-13.6%) Shares 236,620 (-2.4%) Est. Cost $42.12 Unrealized +31.8%

ROP ROPER TECHNOLOGIES INC 2.7%

Value ($000) $12,106 (-14.0%) Shares 27,197 (-3.6%) Est. Cost $353.72 Unrealized +30.7%

SHW SHERWIN WILLIAMS CO 3.6%

Value ($000) $16,244 (-9.4%) Shares 50,130 (-3.1%) Est. Cost $202.06 Unrealized +65.4%

IEF ISHARES TR 16.8%

Value ($000) $75,563 (-1.9%) Shares 785,801 (-1.6%) Est. Cost $96.53 Unrealized —

MSFT MICROSOFT CORP 3.1%

Value ($000) $13,852 (-8.8%) Shares 28,642 (-2.3%) Est. Cost $424.92 Unrealized +17.8%

INTU INTUIT 3.9%

Value ($000) $17,414 (-6.5%) Shares 26,289 (-3.6%) Est. Cost $430.92 Unrealized +53.3%

ABBV ABBVIE INC 4.5%

Value ($000) $20,396 (-4.9%) Shares 89,266 (-3.6%) Est. Cost $66.12 Unrealized +244.2%

NDAQ NASDAQ INC 3.3%

Value ($000) $14,902 (+7.5%) Shares 153,421 (-2.1%) Est. Cost $79.17 Unrealized +13.4%

ACN ACCENTURE PLC IRELAND 3.2%

Value ($000) $14,389 (+5.0%) Shares 53,631 (-3.5%) Est. Cost $107.75 Unrealized +135.8%

MA MASTERCARD INCORPORATED 4.3%

Value ($000) $19,281 (-2.9%) Shares 33,774 (-3.3%) Est. Cost $95.70 Unrealized +484.1%

TSM TAIWAN SEMICONDUCTOR MFG LTD 6.3%

Value ($000) $28,364 (+1.8%) Shares 93,336 (-6.4%) Est. Cost $136.05 Unrealized —

TJX TJX COS INC NEW 4.4%

Value ($000) $19,643 (+2.1%) Shares 127,879 (-4.0%) Est. Cost $98.88 Unrealized +49.4%

BIL SPDR SERIES TRUST 1.9%

Value ($000) $8,577 (-1.7%) Shares 93,861 (-1.3%) Est. Cost $91.73 Unrealized —

QQQM INVESCO EXCH TRADED FD TR II 1.8%

Value ($000) $7,973 (+1.2%) Shares 31,524 (-1.1%) Est. Cost $193.83 Unrealized —

WTW WILLIS TOWERS WATSON PLC LTD 0.1%

Value ($000) $296 (-14.4%) Shares 900 (-10.0%) Est. Cost $209.64 Unrealized +55.7%

AAPL APPLE INC 0.2%

Value ($000) $887 (+4.8%) Shares 3,263 (-1.8%) Est. Cost $109.71 Unrealized +144.6%

TMO THERMO FISHER SCIENTIFIC INC 0.1%

Value ($000) $330 (+13.5%) Shares 570 (-5.0%) Est. Cost $568.16 Unrealized -0.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSI	MOTOROLA SOLUTIONS INC	20,240 (-41.9%)	$7,758 (-51.3%)	1.7%	$468.46	-14.4%	COM NEW	620076307
ETN	EATON CORP PLC	25,293 (-40.5%)	$8,056 (-49.4%)	1.8%	$363.27	-2.4%	SHS	G29183103
ORCL	ORACLE CORP	76,205 (-3.9%)	$14,853 (-33.4%)	3.3%	$107.41	+121.6%	COM	68389X105
LLY	ELI LILLY & CO	21,180 (-3.3%)	$22,762 (+36.2%)	5.1%	$291.99	+227.3%	COM	532457108
V	VISA INC	23,419 (-38.0%)	$8,213 (-36.3%)	1.8%	$346.92	-1.9%	COM CL A	92826C839
MCO	MOODYS CORP	24,235 (-25.0%)	$12,381 (-19.6%)	2.8%	$478.56	+1.8%	COM	615369105
ZTS	ZOETIS INC	89,592 (-5.7%)	$11,272 (-18.9%)	2.5%	$92.55	+40.8%	CL A	98978V103
ADP	AUTOMATIC DATA PROCESSING IN	56,534 (-3.1%)	$14,542 (-15.1%)	3.2%	$124.71	+112.4%	COM	053015103
PH	PARKER-HANNIFIN CORP	27,830 (-4.2%)	$24,461 (+11.1%)	5.4%	$277.43	+194.8%	COM	701094104
CARR	CARRIER GLOBAL CORPORATION	236,620 (-2.4%)	$12,503 (-13.6%)	2.8%	$42.12	+31.8%	COM	14448C104
ROP	ROPER TECHNOLOGIES INC	27,197 (-3.6%)	$12,106 (-14.0%)	2.7%	$353.72	+30.7%	COM	776696106
SHW	SHERWIN WILLIAMS CO	50,130 (-3.1%)	$16,244 (-9.4%)	3.6%	$202.06	+65.4%	COM	824348106
IEF	ISHARES TR	785,801 (-1.6%)	$75,563 (-1.9%)	16.8%	$96.53	—	7-10 YR TRSY BD	464287440
MSFT	MICROSOFT CORP	28,642 (-2.3%)	$13,852 (-8.8%)	3.1%	$424.92	+17.8%	COM	594918104
INTU	INTUIT	26,289 (-3.6%)	$17,414 (-6.5%)	3.9%	$430.92	+53.3%	COM	461202103
ABBV	ABBVIE INC	89,266 (-3.6%)	$20,396 (-4.9%)	4.5%	$66.12	+244.2%	COM	00287Y109
NDAQ	NASDAQ INC	153,421 (-2.1%)	$14,902 (+7.5%)	3.3%	$79.17	+13.4%	COM	631103108
ACN	ACCENTURE PLC IRELAND	53,631 (-3.5%)	$14,389 (+5.0%)	3.2%	$107.75	+135.8%	SHS CLASS A	G1151C101
MA	MASTERCARD INCORPORATED	33,774 (-3.3%)	$19,281 (-2.9%)	4.3%	$95.70	+484.1%	CL A	57636Q104
TSM	TAIWAN SEMICONDUCTOR MFG LTD	93,336 (-6.4%)	$28,364 (+1.8%)	6.3%	$136.05	—	SPONSORED ADS	874039100
TJX	TJX COS INC NEW	127,879 (-4.0%)	$19,643 (+2.1%)	4.4%	$98.88	+49.4%	COM	872540109
BIL	SPDR SERIES TRUST	93,861 (-1.3%)	$8,577 (-1.7%)	1.9%	$91.73	—	STATE STREET SPD	78468R663
QQQM	INVESCO EXCH TRADED FD TR II	31,524 (-1.1%)	$7,973 (+1.2%)	1.8%	$193.83	—	NASDAQ 100 ETF	46138G649
WTW	WILLIS TOWERS WATSON PLC LTD	900 (-10.0%)	$296 (-14.4%)	0.1%	$209.64	+55.7%	SHS	G96629103
AAPL	APPLE INC	3,263 (-1.8%)	$887 (+4.8%)	0.2%	$109.71	+144.6%	COM	037833100
TMO	THERMO FISHER SCIENTIFIC INC	570 (-5.0%)	$330 (+13.5%)	0.1%	$568.16	-0.5%	COM	883556102

Unchanged Positions (11)

IAUM ISHARES GOLD TR 2.0%

Value ($000) $8,858 Shares 206,040 Est. Cost $33.57 Unrealized —

GOOGL ALPHABET INC 0.3%

Value ($000) $1,356 Shares 4,331 Est. Cost $142.47 Unrealized +100.5%

IWD ISHARES TR 1.6%

Value ($000) $7,304 Shares 34,724 Est. Cost $188.91 Unrealized —

NVO NOVO-NORDISK A S 0.1%

Value ($000) $470 Shares 9,240 Est. Cost $93.12 Unrealized —

QUAL ISHARES TR 0.2%

Value ($000) $1,078 Shares 5,429 Est. Cost $184.97 Unrealized —

SCHM SCHWAB STRATEGIC TR 0.1%

Value ($000) $360 Shares 11,967 Est. Cost $41.27 Unrealized —

DGRW WISDOMTREE TR 0.2%

Value ($000) $915 Shares 10,227 Est. Cost $84.83 Unrealized —

SCHD SCHWAB STRATEGIC TR 0.1%

Value ($000) $280 Shares 10,214 Est. Cost $43.47 Unrealized —

CVX CHEVRON CORP NEW 0.0%

Value ($000) $201 Shares 1,321 Est. Cost $152.28 Unrealized -0.6%

JEPQ J P MORGAN EXCHANGE TRADED F 0.1%

Value ($000) $358 Shares 6,163 Est. Cost $57.52 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.1%

Value ($000) $251 Shares 500 Est. Cost $393.34 Unrealized +26.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IAUM	ISHARES GOLD TR	206,040	$8,858	2.0%	$33.57	—	SHARES REPRESENT	46436F103
GOOGL	ALPHABET INC	4,331	$1,356	0.3%	$142.47	+100.5%	CAP STK CL A	02079K305
IWD	ISHARES TR	34,724	$7,304	1.6%	$188.91	—	RUS 1000 VAL ETF	464287598
NVO	NOVO-NORDISK A S	9,240	$470	0.1%	$93.12	—	ADR	670100205
QUAL	ISHARES TR	5,429	$1,078	0.2%	$184.97	—	MSCI USA QLT FCT	46432F339
SCHM	SCHWAB STRATEGIC TR	11,967	$360	0.1%	$41.27	—	US MID-CAP ETF	808524508
DGRW	WISDOMTREE TR	10,227	$915	0.2%	$84.83	—	US QTLY DIV GRT	97717X669
SCHD	SCHWAB STRATEGIC TR	10,214	$280	0.1%	$43.47	—	US DIVIDEND EQ	808524797
CVX	CHEVRON CORP NEW	1,321	$201	0.0%	$152.28	-0.6%	COM	166764100
JEPQ	J P MORGAN EXCHANGE TRADED F	6,163	$358	0.1%	$57.52	—	NASDAQ EQT PREM	46654Q203
BRK/B	BERKSHIRE HATHAWAY INC DEL	500	$251	0.1%	$393.34	+26.5%	CL B NEW	084670702