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Asset Manager ← All Institutions

FINANCIAL CONSULATE, INC

11019 MCCORMICK ROAD SUITE 200, HUNT VALLEY, MD 21031 • (410) 823-7283

Q4 2025 · Filed 2026-01-22
Market Value
$724M
+43.5%
Holdings
1,408
+1,372
New Purchases
290
Added To
324
Closed
123
Reduced
208
Top 10 Concentration
67.5%
Turnover
29.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 2.93% 0.00% +2.93% $21M
FNDE 2.20% 0.00% +2.20% $16M
MKC 1.73% 0.00% +1.73% $12M
PATK 0.79% 0.00% +0.79% $6M
NVDA 0.71% 0.00% +0.71% $5M
MSFT 0.56% 0.00% +0.56% $4M
PULS 1.57% 1.17% +0.40% $11M
AMZN 0.38% 0.00% +0.38% $3M
DIHP 5.23% 4.87% +0.36% $38M
PNC 0.36% 0.00% +0.36% $3M
TXG 0.35% 0.00% +0.35% $3M
GOOG 0.32% 0.00% +0.32% $2M
LMT 0.23% 0.00% +0.23% $2M
MLCI 0.21% 0.00% +0.21% $2M
MA 0.20% 0.00% +0.20% $1M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SCHX 19.33% 22.78% -3.45% $140M
FNDB 3.74% 6.76% -3.02% $27M
DUHP 10.44% 13.21% -2.77% $76M
MFDX 8.86% 11.59% -2.73% $64M
SCHF 6.06% 8.01% -1.96% $44M
TCAF 2.33% 3.60% -1.27% $17M
SCHD 3.01% 4.20% -1.19% $22M
GMF 1.28% 2.27% -0.99% $9M
DFAS 4.08% 5.02% -0.94% $30M
FLQM 2.95% 3.87% -0.92% $21M
VTIP 3.81% 4.67% -0.86% $28M
SCHR 0.00% 0.44% -0.44% $0
DFAT 0.34% 0.69% -0.34% $2M
TURN 0.00% 0.29% -0.29% $0
SCHB 0.40% 0.55% -0.15% $3M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 86.8%
Technology 4.6%
Industrials 1.8%
Consumer Defensive 1.7%
Consumer Cyclical 1.6%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 80 $71M 9.9%
Large Cap 729 $431M 59.6%
Mid Cap 380 $87M 12.1%
Small Cap 175 $128M 17.7%
Micro Cap 44 $6M 0.8%

Portfolio Analytics

Avg Market Cap
$71.6B
Median Market Cap
$13.3B
Avg P/E
30.8
Median P/E
20.9
Avg Dividend Yield
0.02%
Avg Beta
1.03
# Stocks
1,139
# ETFs / Funds
269

Top Holdings (1,408 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SCHX 19.33% 5,201,944 $140M $26.91 $5M +68,869 +1.3%
2 DUHP 10.44% 1,988,141 $76M $38.03 $966K +11,886 +0.6%
3 MFDX 8.86% 1,669,238 $64M $38.43 $4M +43,969 +2.7%
4 SCHF 6.06% 1,823,619 $44M $24.04 $2M +9,562 +0.5%
5 DIHP 5.23% 1,195,150 $38M $31.67 $2M +15,526 +1.3%
6 DFAS 4.08% 424,499 $30M $69.67 $1M +7,576 +1.8%
7 VTIP 3.81% 557,604 $28M $49.46 $3M +64,482 +13.1%
8 FNDB 3.74% 1,019,275 $27M $26.57 -$4M -204,030 -16.7%
9 SCHD 3.01% 794,902 $22M $27.43 $290K +6,831 +0.9%
10 FLQM 2.95% 380,180 $21M $56.26 $833K +16,033 +4.4%
11 AAPL 2.93% 78,098 $21M $271.86 $1M -526 -0.7%
12 TCAF 2.33% 441,925 $17M $38.22 -$319K -14,566 -3.2%
13 FNDE 2.20% 441,510 $16M $36.06 +441,510 NEW
14 MKC 1.73% 183,409 $12M $68.11 $201K -290 -0.2%
15 PULS 1.57% 229,710 $11M $49.59 -$1M -20,708 -8.3%
16 FNDF 1.46% 234,290 $11M $45.21 $296K -5,391 -2.2%
17 GMF 1.28% 67,018 $9M $138.77 $319K +2,412 +3.7%
18 PATK 0.79% 52,645 $6M $108.43 $191K -696 -1.3%
19 NVDA 0.71% 27,400 $5M $186.50 -$214K -1,134 -4.0%
20 MFUS 0.60% 76,168 $4M $56.61 -$1M -20,867 -21.5%
21 MSFT 0.56% 8,313 $4M $483.61 -$4M -7,877 -48.6%
22 VOO 0.52% 5,972 $4M $627.14 $58K -50 -0.8%
23 SPGM 0.47% 44,796 $3M $76.71 $416K +4,470 +11.1%
24 SCHB 0.40% 110,723 $3M $26.23 -$186K -9,487 -7.9%
25 AMZN 0.38% 11,774 $3M $230.81 $12K -548 -4.5%
26 PNC 0.36% 12,423 $3M $208.73 -$348K -2,215 -15.1%
27 IVV 0.36% 3,773 $3M $684.89 $31K -42 -1.1%
28 TXG 0.35% 156,457 $3M $16.31 $723K
29 DFAT 0.34% 41,870 $2M $59.54 $221K +2,832 +7.2%
30 GOOG 0.32% 7,301 $2M $313.80 $412K -415 -5.4%
31 GOOGL 0.26% 6,110 $2M $313.01 $455K +115 +1.9%
32 SCHG 0.26% 58,288 $2M $32.62 $42K +34 +0.1%
33 LMT 0.23% 3,412 $2M $483.65 -$63K -19 -0.6%
34 MLCI 0.21% 187,908 $2M $8.25 -$25K -13,990 -6.9%
35 VGT 0.21% 1,999 $2M $753.78 $14K
36 MA 0.20% 2,560 $1M $570.95 -$137K -251 -8.9%
37 RTX 0.20% 7,830 $1M $183.39 $112K -82 -1.0%
38 LLY 0.18% 1,235 $1M $1,074.37 $389K +6 +0.5%
39 JPM 0.18% 4,028 $1M $322.23 -$440K -1,483 -26.9%
40 CAT 0.18% 2,213 $1M $572.99 $222K +22 +1.0%
41 CEG 0.17% 3,506 $1M $353.31 $115K +90 +2.6%
42 XOM 0.16% 9,766 $1M $120.34 $99K +221 +2.3%
43 TSLA 0.16% 2,600 $1M $449.73 $94K +182 +7.5%
44 SCHW 0.15% 11,193 $1M $99.91 $50K +6 +0.1%
45 PG 0.15% 7,656 $1M $143.31 -$166K -564 -6.9%
46 ITOT 0.15% 7,293 $1M $148.69 -$229K -1,727 -19.1%
47 BRK-B 0.15% 2,155 $1M $502.53 $3K +7 +0.3%
48 CWI 0.15% 30,097 $1M $35.92 $28K -74 -0.2%
49 COST 0.15% 1,237 $1M $862.17 -$121K -46 -3.6%
50 V 0.14% 2,881 $1M $350.68 -$104K -384 -11.8%
51 UPS 0.13% 9,841 $976K $99.19 $220K +784 +8.7%
52 TJX 0.13% 6,297 $967K $153.60 $40K -119 -1.9%
53 DOCU 0.13% 14,073 $963K $68.40 -$166K -1,581 -10.1%
54 MRK 0.13% 8,703 $916K $105.26 $172K -164 -1.9%
55 FAST 0.11% 20,535 $824K $40.13 -$183K
56 DHR 0.10% 3,300 $755K $228.93 $11K -453 -12.1%
57 BRK-A 0.10% 1 $755K $754,800.00 $600
58 HD 0.10% 2,126 $732K $344.12 -$123K +17 +0.8%
59 MCD 0.10% 2,350 $718K $305.62 -$24K -93 -3.8%
60 JNJ 0.10% 3,355 $694K $206.96 $71K -9 -0.3%
61 VTI 0.10% 2,066 $693K $335.25 $39K +75 +3.8%
62 SCHM 0.10% 22,965 $691K $30.07 $3K -247 -1.1%
63 ABBV 0.09% 3,008 $687K $228.48 -$44K -151 -4.8%
64 HEI-A 0.09% 2,596 $655K $252.43 -$153K -584 -18.4%
65 HPE 0.09% 27,168 $653K $24.02 -$16K -62 -0.2%
66 UBER 0.09% 7,808 $638K $81.71 -$253K -1,283 -14.1%
67 IBM 0.09% 2,096 $621K $296.28 $70K +142 +7.3%
68 META 0.08% 887 $586K $660.15 -$37K +40 +4.7%
69 CSX 0.08% 15,875 $575K $36.25 -$36K -1,350 -7.8%
70 CVX 0.08% 3,717 $567K $152.43 -$6K +27 +0.7%
71 T 0.08% 21,910 $544K $24.84 -$56K +669 +3.1%
72 ISRG 0.07% 954 $540K $566.36 $11K -229 -19.4%
73 AGG 0.07% 5,203 $520K $99.88 -$2K
74 URI 0.07% 634 $513K $809.32 $32K +130 +25.8%
75 BNDX 0.07% 10,526 $509K $48.32 -$12K
76 IWF 0.07% 1,070 $506K $473.30 $5K
77 TDG 0.07% 373 $496K $1,329.85 -$100K -79 -17.5%
78 VIS 0.07% 1,656 $494K $298.42 $28K +82 +5.2%
79 PEP 0.07% 3,430 $492K $143.54 $173 -74 -2.1%
80 EXC 0.07% 11,284 $492K $43.59 $44K +1,323 +13.3%
81 NOW 0.07% 3,180 $487K $153.19 -$75K +2,569 +420.5%
82 XLY 0.07% 4,065 $485K $119.41 -$6K +2,013 +98.1%
83 MPWR 0.07% 528 $479K $906.36 -$110K -111 -17.4%
84 VMC 0.06% 1,630 $465K $285.22 -$148K -362 -18.2%
85 CBRE 0.06% 2,865 $461K $160.79 -$85K -597 -17.2%
86 SCHZ 0.06% 19,368 $453K $23.37 $3K +200 +1.0%
87 ASML 0.06% 420 $449K $1,069.86 -$31K -76 -15.3%
88 CDNS 0.06% 1,331 $416K $312.58 -$152K -287 -17.7%
89 IJR 0.06% 3,428 $412K $120.18 $76K +602 +21.3%
90 MMC 0.06% 2,218 $411K $185.52 $405K +2,188 +7293.3%
91 VEEV 0.05% 1,769 $395K $223.23 -$244K -376 -17.5%
92 ABC 0.05% 1,159 $391K $337.75 $30K +1 +0.1%
93 MCO 0.05% 764 $390K $510.59 -$46K -152 -16.6%
94 SPLG 0.05% 4,759 $382K $80.22 $64K +707 +17.4%
95 SPGI 0.05% 721 $377K $522.59 -$39K -134 -15.7%
96 TMO 0.05% 650 $376K $579.22 -$19K -165 -20.2%
97 WCN 0.05% 2,123 $372K $175.36 -$99K -555 -20.7%
98 LRCX 0.05% 2,157 $369K $171.18 $88K +57 +2.7%
99 VHT 0.05% 1,258 $362K $287.88 $36K +3 +0.2%
100 UNH 0.05% 1,075 $355K $330.04 -$24K -21 -1.9%

New Positions

SymbolValue% Port
FNDE $16M 2.20%
VCSH $137K 0.02%
LQD $124K 0.02%
ECG $94K 0.01%
IGLB $91K 0.01%
IMKTA $55K 0.01%
SOLS $48K 0.01%
SU $45K 0.01%
LASR $41K 0.01%
IDCC $41K 0.01%
AMTM $38K 0.01%
SPYV $37K 0.01%
FCBC $34K —%
WELL $34K —%
SPMB $32K —%

Sold Out Positions

SymbolValue% Port
AAP —%
APAM —%
ETD —%
BFAM —%
CODI —%
WY —%
AMN —%
SLGN —%
CUBE —%
SGOV —%
DLR —%
SE —%
CUBI —%
ASH —%
BBT —%
View SEC EDGAR Filings for FINANCIAL CONSULATE, INC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms