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Asset Manager ← All Institutions

Kelman-Lazarov, Inc.

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

Q3 2025 · Filed 2025-11-12
Market Value
$671M
+9.0%
Holdings
135
+11
New Purchases
15
Added To
63
Closed
5
Reduced
39
Top 10 Concentration
56.3%
Turnover
14.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VUG 1.09% 0.64% +0.44% $7M
SRCE 0.21% 0.00% +0.21% $1M
VTV 0.43% 0.23% +0.20% $3M
TSLA 0.46% 0.35% +0.11% $3M
GOOGL 0.48% 0.38% +0.11% $3M
IWR 0.10% 0.00% +0.10% $703K
VV 0.30% 0.20% +0.10% $2M
AVDE 0.96% 0.87% +0.09% $6M
VB 0.09% 0.00% +0.09% $606K
EFG 0.09% 0.00% +0.09% $603K
SPLG 4.45% 4.37% +0.08% $30M
SPDW 0.08% 0.00% +0.08% $528K
AAPL 0.45% 0.38% +0.08% $3M
AVDV 0.07% 0.00% +0.07% $499K
PEP 0.11% 0.04% +0.07% $715K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GSIE 5.72% 6.17% -0.44% $38M
MOAT 8.14% 8.34% -0.20% $55M
GSLC 4.43% 4.60% -0.17% $30M
SCHX 4.04% 4.16% -0.12% $27M
STIP 4.34% 4.46% -0.12% $29M
BSV 2.99% 3.11% -0.11% $20M
FNDX 9.19% 9.31% -0.11% $62M
FNDC 3.14% 3.25% -0.11% $21M
BOND 3.50% 3.59% -0.10% $23M
MOTE 0.00% 0.09% -0.09% $0
QLTY 1.96% 2.05% -0.09% $13M
VTEB 0.59% 0.67% -0.09% $4M
BRK-B 2.38% 2.46% -0.08% $16M
GNMA 0.33% 0.41% -0.08% $2M
STPZ 1.07% 1.15% -0.08% $7M

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 35 $61M 9.1%
Large Cap 63 $449M 66.9%
Mid Cap 18 $132M 19.6%
Small Cap 15 $25M 3.7%
Micro Cap 4 $4M 0.6%

Portfolio Analytics

Avg Market Cap
$354.5B
Median Market Cap
$39.5B
Avg P/E
35.5
Median P/E
25.6
Avg Dividend Yield
0.01%
Avg Beta
0.94
# Stocks
41
# ETFs / Funds
94

Top Holdings (135 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 FNDX 9.19% 2,345,720 $62M $26.30 $4M +11,519 +0.5%
2 SCHG 8.83% 1,856,765 $59M $31.91 $5M -10,892 -0.6%
3 MOAT 8.14% 551,165 $55M $99.11 $3M +3,636 +0.7%
4 GSIE 5.72% 934,334 $38M $41.11 $444K -22,971 -2.4%
5 SPLG 4.45% 381,217 $30M $78.34 $3M +11,301 +3.1%
6 GSLC 4.43% 228,139 $30M $130.28 $1M -5,225 -2.2%
7 STIP 4.34% 281,671 $29M $103.36 $2M +14,962 +5.6%
8 SCHX 4.04% 1,027,974 $27M $26.34 $1M -18,752 -1.8%
9 IJR 3.62% 204,354 $24M $118.83 $2M +1,953 +1.0%
10 BOND 3.50% 251,298 $23M $93.35 $1M +11,436 +4.8%
11 FNDE 3.26% 605,460 $22M $36.16 $2M +2,040 +0.3%
12 MBB 3.21% 226,553 $22M $95.15 $2M +13,469 +6.3%
13 FNDC 3.14% 473,940 $21M $44.51 $1M -1,822 -0.4%
14 BSV 2.99% 254,392 $20M $78.91 $957K +11,488 +4.7%
15 IJH 2.58% 265,296 $17M $65.26 $1M +3,020 +1.1%
16 BRK-B 2.38% 31,722 $16M $502.74 $812K +564 +1.8%
17 PYLD 1.98% 495,035 $13M $26.84 $791K +24,213 +5.1%
18 QLTY 1.96% 363,925 $13M $36.19 $538K -4,804 -1.3%
19 SCHF 1.38% 396,606 $9M $23.28 $383K -3,847 -1.0%
20 VUG 1.09% 15,202 $7M $479.62 $3M +6,167 +68.3%
21 STPZ 1.07% 132,770 $7M $54.18 $125K +1,411 +1.1%
22 SMMU 1.02% 134,812 $7M $50.57 $824K +15,348 +12.8%
23 AVDE 0.96% 81,531 $6M $78.90 $1M +9,346 +12.9%
24 AVEM 0.78% 70,063 $5M $75.11 $306K -2,247 -3.1%
25 SPY 0.60% 6,068 $4M $666.15 $502K +339 +5.9%
26 MUNI 0.59% 76,118 $4M $52.28 -$77K -2,854 -3.6%
27 VTEB 0.59% 78,774 $4M $50.07 -$202K -5,781 -6.8%
28 RWL 0.55% 33,110 $4M $110.66 $210K -13 -0.0%
29 AVDS 0.49% 49,148 $3M $67.55 $260K -53 -0.1%
30 GOOGL 0.48% 13,317 $3M $243.09 $917K +153 +1.2%
31 BIV 0.48% 40,967 $3M $78.09 -$131K -2,086 -4.8%
32 TSLA 0.46% 6,903 $3M $444.72 $906K +92 +1.4%
33 AAPL 0.45% 11,989 $3M $254.63 $720K +621 +5.5%
34 VTV 0.43% 15,537 $3M $186.49 $1M +7,617 +96.2%
35 MA 0.34% 4,035 $2M $568.77 $32K +9 +0.2%
36 PTRB 0.33% 53,244 $2M $42.20 $576K +13,295 +33.3%
37 GNMA 0.33% 49,356 $2M $44.35 -$313K -7,566 -13.3%
38 FNDA 0.33% 70,192 $2M $31.16 $210K +1,168 +1.7%
39 VV 0.30% 6,448 $2M $307.86 $755K +2,136 +49.5%
40 MSFT 0.28% 3,638 $2M $518.00 $197K +245 +7.2%
41 MDY 0.28% 3,114 $2M $595.96 $124K +57 +1.9%
42 SCHA 0.27% 63,971 $2M $27.90 $168K +70 +0.1%
43 IVV 0.26% 2,595 $2M $669.22 $132K +10 +0.4%
44 VOO 0.26% 2,814 $2M $612.30 $503K +667 +31.1%
45 SPMD 0.25% 29,022 $2M $57.19 $61K -385 -1.3%
46 VIG 0.24% 7,610 $2M $215.79 $86K +8 +0.1%
47 SCHM 0.23% 51,813 $2M $29.64 $114K +1,133 +2.2%
48 BRK-A 0.22% 2 $2M $754,200.00 $51K
49 IYY 0.22% 8,890 $1M $162.47 $103K
50 SRCE 0.21% 23,419 $1M $61.56 +23,419 NEW
51 NFLX 0.21% 1,162 $1M $1,198.92 -$163K
52 VCSH 0.20% 16,440 $1M $79.93 -$73K -1,008 -5.8%
53 DIA 0.19% 2,766 $1M $463.82 $207K +324 +13.3%
54 WMT 0.19% 12,071 $1M $103.06 $125K +622 +5.4%
55 SPAB 0.17% 43,765 $1M $25.85 $420K +15,968 +57.5%
56 IWF 0.17% 2,367 $1M $468.42 $74K -69 -2.8%
57 VO 0.14% 3,296 $968K $293.70 $47K +3 +0.1%
58 YUM 0.14% 6,198 $942K $152.00 -$202K -1,525 -19.8%
59 GOOG 0.14% 3,771 $919K $243.57 $243K -36 -0.9%
60 PG 0.13% 5,831 $896K $153.65 $40K +461 +8.6%
61 AVSU 0.13% 11,997 $883K $73.57 $139K +1,159 +10.7%
62 IWB 0.13% 2,403 $878K $365.48 $319K +757 +46.0%
63 NSC 0.13% 2,829 $850K $300.37 $122K -13 -0.5%
64 FDX 0.12% 3,501 $826K $235.80 $99K +307 +9.6%
65 IWD 0.12% 4,049 $824K $203.59 $38K +1 +0.0%
66 MINO 0.12% 17,567 $796K $45.31 $458K +9,937 +130.2%
67 IVE 0.12% 3,783 $781K $206.48 $113K +365 +10.7%
68 IEFA 0.11% 8,629 $753K $87.31 $65K +380 +4.6%
69 NVDA 0.11% 4,029 $752K $186.58 -$84K -1,259 -23.8%
70 DTN 0.11% 6,432 $735K $114.28 $8K
71 AMZN 0.11% 3,291 $723K $219.57 $76K +344 +11.7%
72 PEP 0.11% 5,092 $715K $140.43 $488K +3,375 +196.6%
73 IWR 0.10% 7,283 $703K $96.55 +7,283 NEW
74 FNDF 0.10% 16,130 $693K $42.96 $46K -29 -0.2%
75 NUBD 0.10% 29,859 $670K $22.46 $1K -201 -0.7%
76 GBIL 0.10% 6,479 $649K $100.23 -$37K -374 -5.5%
77 VB 0.09% 2,383 $606K $254.28 +2,383 NEW
78 AXP 0.09% 1,823 $606K $332.16 $99K +235 +14.8%
79 EFG 0.09% 5,295 $603K $113.88 +5,295 NEW
80 JNJ 0.09% 3,252 $603K $185.42 $161K +362 +12.5%
81 GEM 0.08% 12,963 $528K $40.73 -$37K -2,215 -14.6%
82 SPDW 0.08% 12,334 $528K $42.79 +12,334 NEW
83 AVDV 0.07% 5,602 $499K $89.03 +5,602 NEW
84 SPTM 0.07% 6,083 $491K $80.65 $29K -78 -1.3%
85 IBB 0.07% 3,393 $490K $144.38 $44K -128 -3.6%
86 PM 0.07% 2,987 $485K $162.20 -$67K -42 -1.4%
87 SCHZ 0.07% 20,571 $483K $23.47 -$31K -1,523 -6.9%
88 HD 0.07% 1,172 $475K $405.05 $35K -27 -2.2%
89 QQQ 0.07% 773 $464K $600.17 +773 NEW
90 ESGD 0.07% 4,875 $453K $92.97 $46K +312 +6.8%
91 IWM 0.07% 1,815 $439K $241.96 $47K
92 TSCO 0.06% 7,530 $428K $56.87 $31K
93 SCHV 0.06% 14,554 $424K $29.11 -$933 -791 -5.2%
94 NULG 0.06% 4,166 $414K $99.45 $47K +254 +6.5%
95 EPS 0.06% 5,997 $413K $68.94 +5,997 NEW
96 ORCL 0.06% 1,395 $392K $281.26 $142K +251 +21.9%
97 DIS 0.06% 3,416 $391K $114.49 -$66K -266 -7.2%
98 JPM 0.06% 1,233 $389K $315.50 $25K -24 -1.9%
99 IWP 0.06% 2,698 $384K $142.41 +2,698 NEW
100 SPYG 0.06% 3,659 $382K $104.51 $34K

New Positions

SymbolValue% Port
SRCE $1M 0.21%
IWR $703K 0.10%
VB $606K 0.09%
EFG $603K 0.09%
SPDW $528K 0.08%
AVDV $499K 0.07%
QQQ $464K 0.07%
EPS $413K 0.06%
IWP $384K 0.06%
CSM $368K 0.05%
SCHH $291K 0.04%
VEU $277K 0.04%
SPSM $231K 0.03%
META $215K 0.03%
GDE $201K 0.03%

Sold Out Positions

SymbolValue% Port
KO —%
V —%
BA —%
EL —%
MOTE —%
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