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Asset Manager ← All Institutions

Evanson Asset Management, LLC

3483 GREENFIELD PLACE, CARMEL, CA 93923 • 831-333-2060

Q4 2025 · Filed 2026-01-12
Market Value
$1.9B
+4.5%
Holdings
333
-8
New Purchases
12
Added To
167
Closed
9
Reduced
73
Top 10 Concentration
50.3%
Turnover
6.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VBIL 7.75% 5.81% +1.94% $144M
DFIV 3.73% 3.53% +0.21% $69M
VUSB 0.21% 0.05% +0.16% $4M
GOOGL 2.86% 2.72% +0.14% $53M
DISV 2.34% 2.21% +0.13% $43M
SLV 0.34% 0.22% +0.12% $6M
DFSV 1.82% 1.71% +0.11% $34M
VOO 1.63% 1.52% +0.11% $30M
DFLV 0.97% 0.89% +0.09% $18M
DFAI 1.24% 1.16% +0.08% $23M
VTEB 0.81% 0.75% +0.06% $15M
DFIS 2.38% 2.32% +0.06% $44M
DFUS 3.80% 3.75% +0.05% $70M
GNMA 0.05% 0.00% +0.05% $951K
DFAW 0.34% 0.29% +0.05% $6M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
METV 1.36% 2.62% -1.26% $25M
AAPL 3.89% 4.28% -0.39% $72M
PHYS 7.27% 7.58% -0.31% $135M
NVDA 0.58% 0.82% -0.24% $11M
ABCS 0.00% 0.17% -0.17% $0
DFAC 8.55% 8.68% -0.13% $158M
AMZN 0.42% 0.53% -0.12% $8M
DFAT 3.48% 3.60% -0.11% $65M
VTI 2.95% 3.05% -0.10% $55M
MSFT 0.73% 0.83% -0.10% $14M
BRK-B 0.55% 0.65% -0.10% $10M
DFAX 4.07% 4.16% -0.09% $75M
BND 0.10% 0.18% -0.08% $2M
JPST 0.00% 0.07% -0.07% $0
DFAS 4.37% 4.43% -0.06% $81M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 85.7%
Technology 6.5%
Communication Services 5.0%
Energy 0.9%
Consumer Cyclical 0.8%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 53 $380M 20.5%
Large Cap 171 $994M 53.6%
Mid Cap 57 $376M 20.3%
Small Cap 45 $74M 4.0%
Micro Cap 7 $29M 1.6%

Portfolio Analytics

Avg Market Cap
$189.0B
Median Market Cap
$26.8B
Avg P/E
38.6
Median P/E
24.3
Avg Dividend Yield
0.02%
Avg Beta
0.95
# Stocks
127
# ETFs / Funds
206

Top Holdings (333 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 DFAC 8.55% 4,002,215 $158M $39.59 $5M +10,941 +0.3%
2 VBIL 7.75% 1,904,118 $144M $75.43 $41M +542,391 +39.8%
3 PHYS 7.27% 4,080,010 $135M $33.02 $301K -458,182 -10.1%
4 DFAS 4.37% 1,162,402 $81M $69.67 $2M +15,473 +1.4%
5 DFAX 4.07% 2,303,524 $75M $32.73 $2M -46,546 -2.0%
6 AAPL 3.89% 265,278 $72M $271.86 -$4M -32,889 -11.0%
7 DFUS 3.80% 950,482 $70M $74.17 $4M +32,562 +3.5%
8 DFIV 3.73% 1,386,778 $69M $49.90 $7M +30,259 +2.2%
9 DFAT 3.48% 1,083,707 $65M $59.54 $764K -11,628 -1.1%
10 DFUV 3.35% 1,333,124 $62M $46.59 $3M +15,312 +1.2%
11 VTI 2.95% 162,929 $55M $335.27 $545K -1,864 -1.1%
12 GOOGL 2.86% 169,393 $53M $313.00 $5M -28,753 -14.5%
13 GOOG 2.51% 147,959 $46M $313.80 $2M -36,255 -19.7%
14 DFIS 2.38% 1,336,151 $44M $32.94 $3M +37,099 +2.9%
15 DISV 2.34% 1,142,904 $43M $38.00 $4M +45,407 +4.1%
16 DFSV 1.82% 1,027,169 $34M $32.89 $3M +74,470 +7.8%
17 VOO 1.63% 48,228 $30M $627.14 $3M +4,200 +9.5%
18 DFIC 1.49% 799,589 $28M $34.46 $2M +14,380 +1.8%
19 METV 1.36% 38,073 $25M $660.08 -$21M -25,107 -39.7%
20 DFAI 1.24% 603,362 $23M $38.11 $2M +37,448 +6.6%
21 VT 1.04% 137,031 $19M $141.06 $534K +633 +0.5%
22 DFEM 1.03% 579,153 $19M $33.08 $1M +16,355 +2.9%
23 DFEV 1.00% 551,175 $19M $33.74 $2M +19,201 +3.6%
24 DFLV 0.97% 527,946 $18M $34.21 $2M +49,232 +10.3%
25 VTEB 0.81% 299,536 $15M $50.29 $2M +33,469 +12.6%
26 SPY 0.79% 21,521 $15M $681.94 $358K +28 +0.1%
27 MSFT 0.73% 28,132 $14M $483.63 -$1M -336 -1.2%
28 DFGR 0.64% 450,854 $12M $26.42 $608K +36,964 +8.9%
29 NVDA 0.58% 57,952 $11M $186.50 -$4M -20,190 -25.8%
30 BRK-B 0.55% 20,284 $10M $502.65 -$1M -2,551 -11.2%
31 IJS 0.48% 77,871 $9M $113.72 $139K -950 -1.2%
32 ALRM 0.47% 168,914 $9M $51.02 -$377K -542 -0.3%
33 VYM 0.45% 57,579 $8M $143.52 $228K +569 +1.0%
34 DHS 0.44% 79,658 $8M $101.82 $59K -257 -0.3%
35 AMZN 0.42% 33,620 $8M $230.82 -$2M -9,571 -22.2%
36 IWB 0.41% 20,528 $8M $373.43 $420K +702 +3.5%
37 CSCO 0.38% 92,447 $7M $77.03 $788K -115 -0.1%
38 DLS 0.37% 83,604 $7M $81.01 $108K -221 -0.3%
39 DFAW 0.34% 84,719 $6M $73.98 $1M +13,244 +18.5%
40 SLV 0.34% 96,844 $6M $64.42 $2M +4,301 +4.7%
41 VXUS 0.34% 82,370 $6M $75.44 $334K +2,331 +2.9%
42 BSVO 0.29% 232,232 $5M $23.30 $460K +13,664 +6.2%
43 XLK 0.28% 36,584 $5M $143.97 $118K +18,315 +100.2%
44 ACN 0.27% 18,415 $5M $268.31 $406K +26 +0.1%
45 IWF 0.25% 9,778 $5M $473.28 -$104K -323 -3.2%
46 VIG 0.24% 20,029 $4M $219.78 -$153K -1,082 -5.1%
47 VNQ 0.23% 48,580 $4M $88.49 -$195K -578 -1.2%
48 VB 0.23% 16,165 $4M $257.95 $426K +1,444 +9.8%
49 VEA 0.22% 63,956 $4M $62.47 $569K +6,774 +11.8%
50 VUSB 0.21% 79,596 $4M $49.84 $3M +60,654 +320.2%
51 VV 0.21% 12,592 $4M $314.81 $113K +83 +0.7%
52 DTH 0.21% 74,657 $4M $51.60 $25K -3,218 -4.1%
53 VTV 0.20% 19,568 $4M $190.99 $255K +896 +4.8%
54 TSLA 0.20% 8,230 $4M $449.71 -$308K -785 -8.7%
55 DFAR 0.20% 160,324 $4M $22.90 -$101K +2,124 +1.3%
56 DIHP 0.19% 113,404 $4M $31.66 $188K +1,431 +1.3%
57 VSS 0.19% 24,656 $4M $143.33 $73K +377 +1.6%
58 IEFA 0.19% 39,034 $3M $89.46 $562K +5,470 +16.3%
59 IVV 0.19% 5,034 $3M $684.94 $201K +183 +3.8%
60 VEU 0.18% 46,293 $3M $73.56 $88K -184 -0.4%
61 DUHP 0.18% 88,813 $3M $38.03 $94K +1,882 +2.2%
62 VBR 0.18% 15,818 $3M $211.79 $122K +349 +2.3%
63 EFA 0.18% 34,637 $3M $96.03 $72K -220 -0.6%
64 DES 0.18% 98,046 $3M $33.45 -$14K +260 +0.3%
65 IWD 0.16% 14,233 $3M $210.34 $77K -96 -0.7%
66 DFAE 0.16% 91,730 $3M $32.57 -$302K -12,594 -12.1%
67 VYMI 0.15% 31,741 $3M $90.00 $172K +41 +0.1%
68 VWO 0.15% 51,724 $3M $53.76 -$7K +265 +0.5%
69 AVGE 0.15% 32,261 $3M $85.91 $335K +3,050 +10.4%
70 VPL 0.15% 30,207 $3M $90.40 $10K -771 -2.5%
71 AMD 0.15% 12,630 $3M $214.16 $673K +74 +0.6%
72 JNJ 0.15% 12,991 $3M $206.94 $280K +2 +0.0%
73 IVW 0.14% 21,423 $3M $123.26 $63K +72 +0.3%
74 BSV 0.14% 33,369 $3M $78.81 $784K +9,977 +42.6%
75 CVX 0.14% 17,208 $3M $152.41 $42K +590 +3.5%
76 VTES 0.14% 25,468 $3M $101.57 -$42K -325 -1.3%
77 VGK 0.14% 30,293 $3M $83.61 $22K -1,170 -3.7%
78 AVUV 0.14% 24,788 $3M $101.98 $618K +5,603 +29.2%
79 IJR 0.14% 20,850 $3M $120.18 $96K +570 +2.8%
80 XOM 0.13% 20,688 $2M $120.34 $29K -1,132 -5.2%
81 OKE 0.13% 33,348 $2M $73.50 $24K +83 +0.2%
82 VUG 0.13% 4,833 $2M $487.82 $71K +65 +1.4%
83 VGT 0.13% 3,082 $2M $753.83 $109K +116 +3.9%
84 DFNM 0.12% 47,782 $2M $48.17 -$32K -857 -1.8%
85 IWC 0.12% 14,253 $2M $157.71 $206K +556 +4.1%
86 QQQM 0.11% 8,257 $2M $252.92 $66K +72 +0.9%
87 SPLG 0.11% 25,781 $2M $80.22 $183K +1,712 +7.1%
88 AVGV 0.11% 27,262 $2M $73.18 $182K +1,481 +5.7%
89 DVY 0.11% 14,074 $2M $141.14 -$11K +15 +0.1%
90 AVUS 0.10% 17,222 $2M $111.78 $665K +5,626 +48.5%
91 BND 0.10% 25,761 $2M $74.07 -$1M -17,025 -39.8%
92 AVDE 0.10% 22,641 $2M $82.32 $91K +178 +0.8%
93 SCHX 0.10% 68,660 $2M $26.91 $91K +1,959 +2.9%
94 VFH 0.10% 13,787 $2M $133.49 $50K +142 +1.0%
95 AVDV 0.10% 19,585 $2M $93.97 -$78K -1,963 -9.1%
96 SCHF 0.10% 75,977 $2M $24.04 $90K +1,370 +1.8%
97 SCHD 0.10% 66,554 $2M $27.43 $140K +4,808 +7.8%
98 VDE 0.09% 13,820 $2M $125.92 $6K +38 +0.3%
99 IYR 0.09% 18,419 $2M $93.89 -$59K
100 VCR 0.09% 4,381 $2M $393.88 -$8K +6 +0.1%

New Positions

SymbolValue% Port
GNMA $951K 0.05%
BABA $745K 0.04%
BITB $463K 0.02%
IXUS $401K 0.02%
AKRE $341K 0.02%
AVSF $293K 0.02%
NYF $250K 0.01%
FDX $239K 0.01%
VGSH $228K 0.01%
SGDM $215K 0.01%
PPTA $201K 0.01%
FTMU $105K 0.01%

Sold Out Positions

SymbolValue% Port
CMG —%
CARR —%
SHW —%
PEP —%
JPST —%
SCHP —%
ABCS —%
AVES —%
NGD —%
View SEC EDGAR Filings for Evanson Asset Management, LLC →

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