UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8

Report for the Calendar Year or Quarter Ended:
12-31-2022
Check here if Amendment: Amendment Number:
This Amendment (Check only one.): is a restatement.
adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
LVM CAPITAL MANAGEMENT LTD/MI
Address:
7840 MOORSBRIDGE ROAD
PORTAGE, MI 49024
Form 13F File Number:

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
Dave P. Cleveleand
Title:
Principal
Phone:
269-321-8120


Signature, Place, and Date of Signing:

Dave P. Cleveland
                         [Signature]
Portage, MICHIGAN
                 [City, State]
01-03-2023
                           [Date]
                          

Report Type (Check only one.):

13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
136
Form 13F Information table Value Total:
690090
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8

COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
3MCOM88579Y1011,61513,470SHSOLE13,470 0 0
ABBOTT LABSCOM0028241003,17028,872SHSOLE28,872 0 0
ABBVIECOM00287Y10925,502157,798SHSOLE157,798 0 0
ACTIVISION BLIZZARDCOM00507V1093,08040,230SHSOLE40,230 0 0
AIR PRODUCTS & CHEMICALSCOM0091581063271,061SHSOLE1,061 0 0
ALPHABET CL ACOM02079K30511,836134,150SHSOLE134,150 0 0
ALPHABET CL CCOM02079K1071,12512,680SHSOLE12,680 0 0
ALTRIA GROUPCOM02209S1035,807127,039SHSOLE127,039 0 0
AMAZON.COMCOM0231351063904,640SHSOLE4,640 0 0
AMERICAN EXPRESSCOM02581610910,72272,569SHSOLE72,569 0 0
AMERICAN TOWERCOM03027X10011,18952,812SHSOLE52,812 0 0
AMGENCOM03116210015,45258,835SHSOLE58,835 0 0
APPLECOM03783310055,525427,349SHSOLE427,349 0 0
APPLIED MATERIALSCOM0382221056,28164,495SHSOLE64,495 0 0
ASTRAZENECA ADRCOM0463531085127,550SHSOLE7,550 0 0
AT&T COM00206R1025,062274,951SHSOLE274,951 0 0
BANK OF AMERICACOM06050510453116,032SHSOLE16,032 0 0
BERKSHIRE HATHAWAY CL ACOM0846701084691SHSOLE1 0 0
BERKSHIRE HATHAWAY CL BCOM0846707021,4194,594SHSOLE4,594 0 0
BLACKROCKCOM09247X101276389SHSOLE389 0 0
BOEINGCOM0970231052391,255SHSOLE1,255 0 0
BRISTOL-MYERS SQUIBBCOM1101221081,04314,503SHSOLE14,503 0 0
BROADCOM COM11135f10123,88242,713SHSOLE42,713 0 0
BROWN-FORMAN CL BCOM1156372095858,905SHSOLE8,905 0 0
CANADIAN NATIONAL RAILWAYCOM1363751027766,529SHSOLE6,529 0 0
CASEYS GENERAL STORESCOM1475281038733,890SHSOLE3,890 0 0
CATERPILLARCOM1491231015352,235SHSOLE2,235 0 0
CF INDUSTRIES HOLDINGSCOM1252691006757,928SHSOLE7,928 0 0
CHEVRONCOM1667641009,79354,558SHSOLE54,558 0 0
CHURCH & DWIGHT COM1713401022923,621SHSOLE3,621 0 0
CINTASCOM1729081058811,951SHSOLE1,951 0 0
CISCO SYSTEMSCOM17275R10218,188381,778SHSOLE381,778 0 0
CLOROXCOM1890541094753,384SHSOLE3,384 0 0
COCA-COLACOM1912161001,94630,599SHSOLE30,599 0 0
COLGATE PALMOLIVECOM1941621032873,647SHSOLE3,647 0 0
COSTCO WHOLESALECOM22160K105205448SHSOLE448 0 0
CVS HEALTHCOM1266501002292,455SHSOLE2,455 0 0
CYMABAY THERAPEUTICSCOM23257D1036310,000SHSOLE10,000 0 0
DIAGEO PLC ADRCOM25243Q2052031,140SHSOLE1,140 0 0
DIGITAL REALTY TRUST COM25386810311,116110,865SHSOLE110,865 0 0
DOLLAR GENERALCOM25667710522,03389,475SHSOLE89,475 0 0
DUKE ENERGYCOM26441C2044624,486SHSOLE4,486 0 0
EATONCOMG291831032351,497SHSOLE1,497 0 0
ECOLOCLEAN INDUSTRIES COM27887U104 0 26,300SHSOLE26,300 0 0
ELI LILLY COM53245710813,64537,297SHSOLE37,297 0 0
ENPHASE ENERGYCOM29355A1077412,795SHSOLE2,795 0 0
EXXON MOBILCOM30231G10225,476230,972SHSOLE230,972 0 0
FIRST TRUST TECHNOLOGY DIVIDENCOM33738R1183868,075SHSOLE8,075 0 0
FISERV COM3377381085705,635SHSOLE5,635 0 0
GENERAL MILLSCOM3703341041,53618,322SHSOLE18,322 0 0
GNIS PETROLEUM COM451725105 0 22,000SHSOLE22,000 0 0
HERSHEYCOM42786610813,17956,910SHSOLE56,910 0 0
HOME DEPOT COM43707610218,72959,295SHSOLE59,295 0 0
ICONCOMG4705A10010,72455,205SHSOLE55,205 0 0
IDACORPCOM45110710612,180112,933SHSOLE112,933 0 0
INTELCOM4581401003,202121,155SHSOLE121,155 0 0
INTERNATIONAL BUSINESS MACHINECOM4592001011,68311,942SHSOLE11,942 0 0
ISHARES CORE INTERNATIONAL STOCOM46432F8343,29256,880SHSOLE56,880 0 0
ISHARES CYBERSECURITY ETFCOM46435u1354,376132,520SHSOLE132,520 0 0
ISHARES DIVIDEND EQUITY ETFCOM4642871683342,773SHSOLE2,773 0 0
ISHARES GOLD TRUST ETFCOM4642852049,279268,253SHSOLE268,253 0 0
ISHARES MSCI INTERNATIONAL QUACOM46434v45663819,689SHSOLE19,689 0 0
ISHARES RUSSELL 1000 GROWTH INCOM4642876143131,460SHSOLE1,460 0 0
ISHARES RUSSELL 2000 SMALLCAP COM4642876552711,555SHSOLE1,555 0 0
ISHARES S&P 500 INDEX ETFCOM464287200219571SHSOLE571 0 0
ISHARES S&P MID-CAP EQUITY ETFCOM4642875074111,700SHSOLE1,700 0 0
JOHNSON & JOHNSONCOM47816010424,742140,065SHSOLE140,065 0 0
JPMORGAN CHASECOM46625H1001,2519,326SHSOLE9,326 0 0
KELLOGG COM4878361082864,012SHSOLE4,012 0 0
KIMBERLY CLARK COM4943681033072,259SHSOLE2,259 0 0
KROGER COM50104410110,764241,460SHSOLE241,460 0 0
LOCKHEED MARTINCOM53983010910,84422,290SHSOLE22,290 0 0
M&T BANKCOM55261F1046294,335SHSOLE4,335 0 0
MASTERCARDCOM57636Q104343986SHSOLE986 0 0
MCDONALDS COM5801351019893,752SHSOLE3,752 0 0
MEDTRONIC COMG5960L1035,73873,835SHSOLE73,835 0 0
MERCKCOM58933Y1051,37012,346SHSOLE12,346 0 0
MICROSOFT COM59491810445,388189,258SHSOLE189,258 0 0
MORGAN STANLEYCOM61744644817,132201,510SHSOLE201,510 0 0
NEXTERA ENERGYCOM65339F1012,00824,021SHSOLE24,021 0 0
NORFOLK SOUTHERN COM655844108216875SHSOLE875 0 0
NORTHROP GRUMMANCOM66680710214,72826,994SHSOLE26,994 0 0
NVIDIACOM67066G1042881,971SHSOLE1,971 0 0
OCCIDENTAL PETROLEUMCOM67459910588914,106SHSOLE14,106 0 0
ORACLECOM68389X1053994,886SHSOLE4,886 0 0
PEPSICOCOM7134481084,77226,413SHSOLE26,413 0 0
PFIZERCOM71708110311,791230,118SHSOLE230,118 0 0
PHILIP MORRISCOM7181721092,07920,537SHSOLE20,537 0 0
PHILLIPS 66COM7185461044814,625SHSOLE4,625 0 0
PNC FINANCIAL SERVICES GROUPCOM6934751056033,818SHSOLE3,818 0 0
PROCTER & GAMBLECOM74271810927,049178,473SHSOLE178,473 0 0
PROSHARES S&P 500 DIVIDEND ARICOM74348A4677718,565SHSOLE8,565 0 0
PROSPECT CAPITALCOM74348T1028412,000SHSOLE12,000 0 0
RAYTHEON TECHNOLOGIESCOM75513E1018548,462SHSOLE8,462 0 0
REALTY INCOMECOM7561091049,818154,785SHSOLE154,785 0 0
SCHWAB US DIVIDEND EQ ETFCOM8085247976879,088SHSOLE9,088 0 0
SEMPRA ENERGYCOM8168511091,2898,340SHSOLE8,340 0 0
SKINNY NUTRITIONAL CORPORATIONCOM830695102 0 242,900SHSOLE242,900 0 0
SPDR CONSUMER DISCRETIONARY ETCOM81369Y4072081,608SHSOLE1,608 0 0
SPDR GOLD TRUST ETFCOM78463V1076023,550SHSOLE3,550 0 0
SPDR HEALTH CARE SECTOR ETFCOM81369Y2091,1358,356SHSOLE8,356 0 0
SPDR PORTFOLIO TOTAL STOCK MARCOM78464A8053,28269,404SHSOLE69,404 0 0
SPDR S&P 500 EQUITY ETFCOM78462F1038,74922,879SHSOLE22,879 0 0
SPDR S&P BIOTECH ETFCOM78464A8704,28751,656SHSOLE51,656 0 0
SPDR S&P DIVIDEND ETFCOM78464A7632331,865SHSOLE1,865 0 0
SPROTT PHYSICAL GOLD TRUSTCOM85207H10461943,925SHSOLE43,925 0 0
STARBUCKSCOM8552441097,24172,994SHSOLE72,994 0 0
STRYKERCOM8636671019,31238,086SHSOLE38,086 0 0
SYSCOCOM8718291073,49845,752SHSOLE45,752 0 0
T-MOBILE US COM8725901047925,654SHSOLE5,654 0 0
TECHNOLOGY SECTOR SPDR ETFCOM81369Y8031,27410,236SHSOLE10,236 0 0
TESLA MOTORSCOM88160R1012071,680SHSOLE1,680 0 0
THERMO FISHER SCIENTIFICCOM8835561029721,765SHSOLE1,765 0 0
TORONTO-DOMINION BANKCOM8911605096,476100,006SHSOLE100,006 0 0
TRAVELERS COM89417E1096913,688SHSOLE3,688 0 0
UNITED PARCEL SERVICE COM91131210610,57660,838SHSOLE60,838 0 0
UNITED STATES STEELCOM91290910875230,000SHSOLE30,000 0 0
UNITEDHEALTH GROUPCOM91324P1021,5832,986SHSOLE2,986 0 0
UNIVERSALCOM9134561092695,100SHSOLE5,100 0 0
US BANCORPCOM9029733042094,786SHSOLE4,786 0 0
VANECK VECTORS SEMICONDUCTOR ECOM92189F6763491,718SHSOLE1,718 0 0
VANGUARD DIVIDEND APPRECIATIONCOM9219088443021,986SHSOLE1,986 0 0
VANGUARD FTSE EMERGING MARKETSCOM92204285841510,652SHSOLE10,652 0 0
VERIZON COMMUNICATIONSCOM92343V1046,895175,000SHSOLE175,000 0 0
VERTEX PHARMACEUTICALSCOM92532F1009,56433,120SHSOLE33,120 0 0
VISA CL ACOM92826C8394081,965SHSOLE1,965 0 0
WAL-MART STORESCOM9311421032761,947SHSOLE1,947 0 0
WALT DISNEYCOM2546871064,33549,897SHSOLE49,897 0 0
WASTE MANAGEMENTCOM94106L1094,89831,220SHSOLE31,220 0 0
WEBB INTERACT SERVICESCOM94748P104 0 303,575SHSOLE303,575 0 0
WISDOMTREE HIGH DIVIDEND ETFCOM97717W2084,61653,640SHSOLE53,640 0 0
WISDOMTREE INTERNATIONAL DIVIDCOM97717W8023589,985SHSOLE9,985 0 0
WISDOMTREE SMALLCAP EARNINGS ECOM97717W5622034,775SHSOLE4,775 0 0
WISDOMTREE US DIV GROWTH ETFCOM97717X66916,214268,619SHSOLE268,619 0 0
WISDOMTREE US SMALLCAP DIV GROCOM97717X6512,88671,776SHSOLE71,776 0 0
YUM! BRANDSCOM9884981013252,538SHSOLE2,538 0 0