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Kelman-Lazarov, Inc.

5100 POPLAR AVENUE STE. 2805, MEMPHIS, TN 38137 • 901-685-8284

Q2 2025 · Filed 2025-07-29
Market Value
$616M
+11.8%
Holdings
124
+2
New Purchases
9
Added To
48
Closed
4
Reduced
47
Top 10 Concentration
57.5%
Turnover
10.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SCHX 4.16% 0.11% +4.05% $26M
SPLG 4.37% 3.80% +0.57% $27M
SCHG 8.86% 8.31% +0.55% $55M
VV 0.20% 0.00% +0.20% $1M
SCHA 0.26% 0.07% +0.19% $2M
FNDC 3.25% 3.11% +0.14% $20M
SCHF 1.44% 1.31% +0.13% $9M
PTRB 0.27% 0.19% +0.08% $2M
AVDS 0.50% 0.42% +0.07% $3M
QLTY 2.05% 1.98% +0.07% $13M
NVDA 0.14% 0.06% +0.07% $835K
VOO 0.20% 0.13% +0.07% $1M
SPAB 0.12% 0.05% +0.06% $712K
AVLV 0.06% 0.00% +0.06% $358K
MINO 0.05% 0.00% +0.05% $337K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BRK-B 2.46% 3.02% -0.56% $15M
BOND 3.59% 4.14% -0.54% $22M
STIP 4.46% 4.95% -0.49% $27M
FNDX 9.31% 9.78% -0.47% $57M
GSLC 4.60% 5.06% -0.46% $28M
PYLD 2.03% 2.47% -0.44% $12M
BSV 3.11% 3.48% -0.37% $19M
AVEM 0.81% 1.12% -0.31% $5M
MBB 3.25% 3.53% -0.28% $20M
IJR 3.59% 3.84% -0.25% $22M
MOAT 8.34% 8.58% -0.24% $51M
VTEB 0.67% 0.90% -0.22% $4M
STPZ 1.15% 1.34% -0.19% $7M
MUNI 0.66% 0.84% -0.18% $4M
MCH 0.00% 0.18% -0.18% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 96.2%
Communication Services 1.0%
Technology 1.0%
Consumer Cyclical 0.6%
Consumer Defensive 0.5%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 33 $50M 8.1%
Large Cap 57 $415M 67.5%
Mid Cap 18 $125M 20.4%
Small Cap 11 $21M 3.4%
Micro Cap 5 $4M 0.7%

Portfolio Analytics

Avg Market Cap
$368.5B
Median Market Cap
$44.5B
Avg P/E
35.9
Median P/E
25.6
Avg Dividend Yield
0.02%
Avg Beta
0.93
# Stocks
40
# ETFs / Funds
84

Top Holdings (124 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 FNDX 9.31% 2,334,201 $57M $24.54 $3M +53,911 +2.4%
2 SCHG 8.86% 1,867,657 $55M $29.21 $9M +40,523 +2.2%
3 MOAT 8.34% 547,529 $51M $93.79 $4M +10,448 +1.9%
4 GSIE 6.17% 957,305 $38M $39.66 $4M -2,938 -0.3%
5 GSLC 4.60% 233,364 $28M $121.38 $459K -19,789 -7.8%
6 STIP 4.46% 266,709 $27M $102.91 $192K +3,303 +1.2%
7 SPLG 4.37% 369,916 $27M $72.69 $6M +52,004 +16.4%
8 SCHX 4.16% 1,046,726 $26M $24.44 $25M +1,020,407 +3877.1%
9 IJR 3.59% 202,401 $22M $109.29 $963K +74 +0.0%
10 BOND 3.59% 239,862 $22M $92.18 -$666K -6,453 -2.6%
11 MBB 3.25% 213,084 $20M $93.89 $558K +5,703 +2.8%
12 FNDC 3.25% 475,762 $20M $42.05 $3M +2,502 +0.5%
13 FNDE 3.24% 603,420 $20M $33.01 $2M +14,390 +2.4%
14 BSV 3.11% 242,904 $19M $78.70 -$24K -1,612 -0.7%
15 IJH 2.64% 262,276 $16M $62.02 $1M +8,265 +3.2%
16 BRK-B 2.46% 31,158 $15M $485.77 -$1M -31 -0.1%
17 QLTY 2.05% 368,729 $13M $34.26 $2M +20,178 +5.8%
18 PYLD 2.03% 470,822 $12M $26.54 -$1M -44,663 -8.7%
19 SCHF 1.44% 400,453 $9M $22.10 $2M +36,218 +9.9%
20 STPZ 1.15% 131,359 $7M $53.81 -$325K -5,510 -4.0%
21 SMMU 0.97% 119,464 $6M $50.17 $747K +14,569 +13.9%
22 AVDE 0.87% 72,185 $5M $74.01 $451K -1,629 -2.2%
23 AVEM 0.81% 72,310 $5M $68.54 -$1M -29,772 -29.2%
24 VTEB 0.67% 84,555 $4M $49.03 -$799K -15,104 -15.2%
25 MUNI 0.66% 78,972 $4M $51.36 -$589K -11,126 -12.3%
26 VUG 0.64% 9,035 $4M $438.39 $595K -43 -0.5%
27 SPY 0.58% 5,729 $4M $617.90 $292K -78 -1.3%
28 RWL 0.56% 33,123 $3M $104.29 $111K -537 -1.6%
29 BIV 0.54% 43,053 $3M $77.34 -$105K -1,805 -4.0%
30 AVDS 0.50% 49,201 $3M $62.21 $729K +6,256 +14.6%
31 GNMA 0.41% 56,922 $3M $43.95 -$529K -12,119 -17.6%
32 AAPL 0.38% 11,368 $2M $205.16 -$241K -215 -1.9%
33 GOOGL 0.38% 13,164 $2M $176.24 $272K -78 -0.6%
34 MA 0.37% 4,026 $2M $561.99 $34K -40 -1.0%
35 TSLA 0.35% 6,811 $2M $317.66 $404K +22 +0.3%
36 FNDA 0.32% 69,024 $2M $28.65 $148K +2,245 +3.4%
37 MDY 0.28% 3,057 $2M $566.49 $78K -43 -1.4%
38 MSFT 0.27% 3,393 $2M $497.39 $446K +86 +2.6%
39 PTRB 0.27% 39,949 $2M $41.83 $633K +15,069 +60.6%
40 SCHA 0.26% 63,901 $2M $25.30 $1M +47,022 +278.6%
41 IVV 0.26% 2,585 $2M $620.82 $78K -132 -4.9%
42 SPMD 0.26% 29,407 $2M $54.38 $89K -102 -0.3%
43 NFLX 0.25% 1,162 $2M $1,339.13 $453K -21 -1.8%
44 VIG 0.25% 7,602 $2M $204.66 $81K
45 BRK-A 0.24% 2 $1M $728,800.00 -$139K
46 SCHM 0.23% 50,680 $1M $28.05 $345K +9,580 +23.3%
47 VTV 0.23% 7,920 $1M $176.73 $32K
48 VCSH 0.23% 17,448 $1M $79.50 $93K +1,050 +6.4%
49 IYY 0.22% 8,890 $1M $150.87 $134K +19 +0.2%
50 VV 0.20% 4,312 $1M $285.30 +4,312 NEW
51 VOO 0.20% 2,147 $1M $568.03 $525K +796 +58.9%
52 YUM 0.19% 7,723 $1M $148.18 -$81K -62 -0.8%
53 WMT 0.18% 11,449 $1M $97.78 $130K +182 +1.6%
54 DIA 0.17% 2,442 $1M $440.74 $56K +12 +0.5%
55 IWF 0.17% 2,436 $1M $424.59 $120K -96 -3.8%
56 VO 0.15% 3,293 $921K $279.79 $70K
57 PG 0.14% 5,370 $856K $159.32 -$35K +145 +2.8%
58 NVDA 0.14% 5,288 $835K $157.98 $489K +2,092 +65.5%
59 IWD 0.13% 4,048 $786K $194.23 $25K +1 +0.0%
60 AVSU 0.12% 10,838 $744K $68.60 $43K -394 -3.5%
61 NSC 0.12% 2,842 $728K $255.99 $8K -194 -6.4%
62 DTN 0.12% 6,432 $727K $113.06 $15K -52 -0.8%
63 FDX 0.12% 3,194 $726K $227.33 -$15K +153 +5.0%
64 SPAB 0.12% 27,797 $712K $25.60 $410K +15,970 +135.0%
65 IEFA 0.11% 8,249 $689K $83.48 $86K +284 +3.6%
66 GBIL 0.11% 6,853 $686K $100.15 -$502K -5,012 -42.2%
67 GOOG 0.11% 3,807 $675K $177.40 $103K +141 +3.9%
68 NUBD 0.11% 30,060 $669K $22.26 $2K -27 -0.1%
69 IVE 0.11% 3,418 $668K $195.42 $17K
70 FNDF 0.11% 16,159 $647K $40.02 $58K -128 -0.8%
71 AMZN 0.11% 2,947 $647K $219.40 $46K -212 -6.7%
72 MOTE 0.09% 20,436 $566K $27.71 $29K +289 +1.4%
73 GEM 0.09% 15,178 $565K $37.21 -$879K -28,327 -65.1%
74 IWB 0.09% 1,646 $559K $339.61 $60K +20 +1.2%
75 PM 0.09% 3,029 $552K $182.11 $87K +100 +3.4%
76 SCHZ 0.08% 22,094 $513K $23.24 -$107K -4,682 -17.5%
77 AXP 0.08% 1,588 $507K $319.01 $80K +3 +0.2%
78 SPTM 0.07% 6,161 $461K $74.89 $39K -52 -0.8%
79 DIS 0.07% 3,682 $457K $124.01 $69K -247 -6.3%
80 IBB 0.07% 3,521 $445K $126.50 -$26K -166 -4.5%
81 JNJ 0.07% 2,890 $442K $152.77 -$217K -1,080 -27.2%
82 HD 0.07% 1,199 $440K $366.58 $51K +139 +13.1%
83 SCHV 0.07% 15,345 $425K $27.67 $37K +778 +5.3%
84 ESGD 0.07% 4,563 $407K $89.22 $37K +28 +0.6%
85 TSCO 0.06% 7,530 $397K $52.77 -$18K -10 -0.1%
86 IWM 0.06% 1,815 $392K $215.79 $30K
87 NULG 0.06% 3,912 $368K $93.95 $61K
88 JPM 0.06% 1,257 $364K $289.95 $101K +182 +16.9%
89 AVLV 0.06% 5,243 $358K $68.21 +5,243 NEW
90 SPYG 0.06% 3,659 $349K $95.32 $55K
91 SUSA 0.06% 2,723 $345K $126.75 $32K
92 AMGN 0.06% 1,223 $342K $279.30 -$82K -137 -10.1%
93 MINO 0.05% 7,630 $337K $44.23 +7,630 NEW
94 ISTB 0.05% 6,851 $333K $48.65 $5K +70 +1.0%
95 UNH 0.05% 1,049 $327K $311.91 -$631K -780 -42.6%
96 DLN 0.05% 3,968 $326K $82.14 $6K -65 -1.6%
97 MTUM 0.05% 1,302 $313K $240.32 $50K
98 ILCG 0.05% 2,963 $287K $96.91 $47K
99 AVSD 0.05% 4,235 $286K $67.55 $32K
100 NULV 0.05% 6,822 $286K $41.91 $10K

New Positions

SymbolValue% Port
VV $1M 0.20%
AVLV $358K 0.06%
MINO $337K 0.05%
ORCL $250K 0.04%
MRK $219K 0.04%
AVGO $208K 0.03%
NUSC $203K 0.03%
KO $203K 0.03%
V $201K 0.03%

Sold Out Positions

SymbolValue% Port
MO —%
MCHI —%
IEMG —%
MCH —%
View SEC EDGAR Filings for Kelman-Lazarov, Inc. →

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