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Asset Manager ← All Institutions

Zhang Financial LLC

5931 OAKLAND DR., PORTAGE, MI 49024 • 269-385-5705

Q3 2025 · Filed 2025-11-10
Market Value
$2.5B
+13.6%
Holdings
326
+8
New Purchases
36
Added To
154
Closed
11
Reduced
82
Top 10 Concentration
50.4%
Turnover
14.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BIV 3.61% 2.87% +0.73% $89M
ITOT 5.74% 5.47% +0.27% $141M
VXUS 5.20% 4.98% +0.21% $128M
AAPL 2.12% 1.91% +0.21% $52M
VUG 0.69% 0.50% +0.19% $17M
AGG 1.18% 1.00% +0.17% $29M
AVUV 0.56% 0.41% +0.15% $14M
GOOGL 0.59% 0.45% +0.14% $15M
VCRB 0.12% 0.01% +0.11% $3M
ZTS 0.10% 0.00% +0.10% $2M
AVDE 1.09% 1.00% +0.09% $27M
NVDA 1.08% 1.01% +0.08% $27M
VEA 0.74% 0.66% +0.07% $18M
GKOS 0.07% 0.00% +0.07% $2M
KAI 0.06% 0.00% +0.06% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SYK 1.71% 2.08% -0.37% $42M
DFUS 7.07% 7.41% -0.34% $174M
VTI 7.33% 7.66% -0.32% $180M
VOO 7.54% 7.70% -0.15% $186M
DFAC 5.16% 5.31% -0.15% $127M
DFAI 2.64% 2.77% -0.13% $65M
VT 3.99% 4.12% -0.13% $98M
VBR 2.00% 2.13% -0.13% $49M
MSFT 1.32% 1.43% -0.10% $33M
MGV 0.09% 0.18% -0.09% $2M
BND 1.91% 2.00% -0.09% $47M
VOOV 0.86% 0.93% -0.07% $21M
VCSH 1.14% 1.21% -0.07% $28M
NPB 0.00% 0.06% -0.06% $0
BKLC 1.61% 1.67% -0.06% $40M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 86.0%
Technology 6.0%
Healthcare 2.6%
Industrials 1.3%
Communication Services 1.3%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 62 $927M 37.6%
Large Cap 203 $1.4B 57.0%
Mid Cap 41 $121M 4.9%
Small Cap 16 $7M 0.3%
Micro Cap 4 $4M 0.1%

Portfolio Analytics

Avg Market Cap
$215.3B
Median Market Cap
$53.7B
Avg P/E
31.1
Median P/E
25.5
Avg Dividend Yield
0.02%
Avg Beta
0.94
# Stocks
164
# ETFs / Funds
162

Top Holdings (326 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VOO 7.54% 303,156 $186M $612.38 $19M +9,519 +3.2%
2 VTI 7.33% 549,958 $180M $328.17 $15M +3,942 +0.7%
3 DFUS 7.07% 2,403,369 $174M $72.44 $13M +6,566 +0.3%
4 ITOT 5.74% 969,900 $141M $145.65 $23M +91,308 +10.4%
5 VXUS 5.20% 1,740,574 $128M $73.46 $20M +177,981 +11.4%
6 DFAC 5.16% 3,290,591 $127M $38.57 $12M +81,683 +2.5%
7 VT 3.99% 712,620 $98M $137.80 $9M +18,086 +2.6%
8 BIV 3.61% 1,136,494 $89M $78.09 $27M +331,964 +41.3%
9 DFAI 2.64% 1,785,546 $65M $36.35 $5M +48,551 +2.8%
10 AAPL 2.12% 204,959 $52M $254.63 $11M +2,822 +1.4%
11 VBR 2.00% 236,207 $49M $208.71 $3M -573 -0.2%
12 BND 1.91% 631,836 $47M $74.37 $4M +42,977 +7.3%
13 VYM 1.82% 316,988 $45M $140.95 $5M +21,571 +7.3%
14 SYK 1.71% 113,980 $42M $369.67 -$3M +59 +0.1%
15 BKLC 1.61% 308,448 $40M $128.38 $3M +3,327 +1.1%
16 IAU 1.41% 475,595 $35M $72.77 $5M +1,832 +0.4%
17 MSFT 1.32% 62,946 $33M $517.95 $2M +790 +1.3%
18 DFAU 1.22% 655,912 $30M $45.76 $3M +28,894 +4.6%
19 AGG 1.18% 289,103 $29M $100.25 $7M +69,636 +31.7%
20 VCSH 1.14% 351,027 $28M $79.93 $2M +21,318 +6.5%
21 AVDE 1.09% 340,269 $27M $78.90 $5M +47,505 +16.2%
22 NVDA 1.08% 143,029 $27M $186.58 $5M +5,024 +3.6%
23 VO 1.04% 87,548 $26M $293.74 $4M +10,328 +13.4%
24 SPTM 0.87% 266,964 $22M $80.65 $2M +12,068 +4.7%
25 VOOV 0.86% 105,882 $21M $199.47 $970K -899 -0.8%
26 IBIT 0.82% 309,220 $20M $65.00 $1M +468 +0.1%
27 DFSV 0.81% 628,875 $20M $31.84 $2M -29
28 MGK 0.78% 47,778 $19M $402.43 $3M +2,892 +6.4%
29 VEA 0.74% 303,322 $18M $59.92 $4M +50,679 +20.1%
30 IWN 0.74% 102,318 $18M $176.81 $2M -2,691 -2.6%
31 IVV 0.72% 26,536 $18M $669.31 $1M -97 -0.4%
32 VUG 0.69% 35,242 $17M $479.61 $6M +10,518 +42.5%
33 SCHB 0.68% 650,806 $17M $25.71 $3M +82,547 +14.5%
34 AVUS 0.68% 153,713 $17M $108.70 $2M +3,887 +2.6%
35 AMZN 0.60% 67,685 $15M $219.57 $2M +9,082 +15.5%
36 GOOGL 0.59% 59,989 $15M $243.10 $5M +4,812 +8.7%
37 AVUV 0.56% 137,754 $14M $99.53 $5M +41,308 +42.8%
38 BRK-B 0.51% 24,835 $12M $502.74 $542K +248 +1.0%
39 VWO 0.50% 224,902 $12M $54.18 $1M +1,783 +0.8%
40 VTV 0.49% 65,245 $12M $186.49 $845K +1,180 +1.8%
41 SCHF 0.48% 512,513 $12M $23.28 $657K +2,370 +0.5%
42 SPY 0.48% 17,660 $12M $666.18 $857K +6 +0.0%
43 META 0.44% 14,882 $11M $734.36 $1M +1,608 +12.1%
44 SPMD 0.40% 173,072 $10M $57.19 $2M +20,005 +13.1%
45 GLDM 0.32% 104,513 $8M $76.45 $1M -376 -0.4%
46 SUB 0.31% 71,702 $8M $106.78 $117K +800 +1.1%
47 EMXC 0.31% 112,880 $8M $67.51 $883K +6,169 +5.8%
48 AVGO 0.29% 21,817 $7M $329.91 $1M +330 +1.5%
49 FERG 0.29% 31,734 $7M $224.58 $217K
50 SPAB 0.27% 259,666 $7M $25.85 $620K +21,690 +9.1%
51 ABBV 0.26% 27,875 $6M $231.53 $2M +3,284 +13.3%
52 JPM 0.26% 19,968 $6M $315.43 $662K +526 +2.7%
53 MU 0.25% 36,961 $6M $167.32 $2M +1,306 +3.7%
54 DFAS 0.25% 88,712 $6M $68.46 $419K -42 -0.1%
55 MGC 0.24% 24,496 $6M $244.09 $418K -228 -0.9%
56 QQQ 0.24% 9,694 $6M $600.38 $348K -225 -2.3%
57 IXUS 0.24% 70,182 $6M $82.58 $557K +2,419 +3.6%
58 VONE 0.23% 18,916 $6M $302.34 $1M +3,426 +22.1%
59 IBM 0.23% 20,016 $6M $282.15 $23K +935 +4.9%
60 TSLA 0.22% 12,141 $5M $444.72 $2M +870 +7.7%
61 CAT 0.21% 10,576 $5M $477.16 $1M +284 +2.8%
62 KLAC 0.20% 4,543 $5M $1,078.39 $871K +46 +1.0%
63 AMGN 0.20% 17,358 $5M $282.21 $450K +1,424 +8.9%
64 EFV 0.19% 69,961 $5M $67.83 $256K -768 -1.1%
65 VGT 0.19% 6,320 $5M $746.63 $564K +56 +0.9%
66 VONG 0.19% 38,742 $5M $120.50 $295K -1,303 -3.2%
67 MUB 0.19% 43,754 $5M $106.49 $1M +11,637 +36.2%
68 CSCO 0.19% 67,885 $5M $68.42 $203K +3,862 +6.0%
69 GS 0.19% 5,722 $5M $796.44 $422K -121 -2.1%
70 AXP 0.18% 13,359 $4M $332.17 $535K +1,126 +9.2%
71 VIG 0.18% 20,305 $4M $215.79 $263K +183 +0.9%
72 VNQ 0.18% 47,122 $4M $91.42 -$498K -6,841 -12.7%
73 VYMI 0.17% 50,068 $4M $84.68 $239K +126 +0.2%
74 PG 0.17% 27,535 $4M $153.65 $122K +1,749 +6.8%
75 ICSH 0.16% 75,559 $4M $50.75 $107K +2,047 +2.8%
76 IWV 0.16% 10,100 $4M $378.94 $225K -164 -1.6%
77 VV 0.15% 12,081 $4M $307.85 $274K +5 +0.0%
78 GOOG 0.15% 15,269 $4M $243.55 $1M +293 +2.0%
79 APO 0.15% 27,470 $4M $133.27 $106K +2,413 +9.6%
80 XOM 0.15% 31,811 $4M $112.75 $613K +4,224 +15.3%
81 VOOG 0.14% 8,120 $4M $435.44 $568K +636 +8.5%
82 VONV 0.14% 38,006 $3M $89.37 $125K -394 -1.0%
83 AIT 0.14% 12,793 $3M $261.05 $133K -1,000 -7.2%
84 PH 0.13% 4,338 $3M $758.19 $251K -12 -0.3%
85 WMT 0.13% 31,740 $3M $103.06 $553K +3,937 +14.2%
86 BKIE 0.13% 34,755 $3M $89.55 $94K -274 -0.8%
87 DFUV 0.13% 69,379 $3M $44.69 $154K -305 -0.4%
88 AMAT 0.12% 14,939 $3M $204.74 $606K +1,543 +11.5%
89 MDT 0.12% 31,978 $3M $95.24 $722K +5,323 +20.0%
90 VCRB 0.12% 37,749 $3M $78.41 $3M +33,971 +899.2%
91 HFFG 0.12% 1,063,342 $3M $2.76 -$447K
92 SPTS 0.12% 99,192 $3M $29.32 $73K +2,390 +2.5%
93 CRM 0.12% 11,989 $3M $236.99 $131K +2,051 +20.6%
94 SCHM 0.11% 95,025 $3M $29.64 $154K +102 +0.1%
95 PEP 0.11% 19,784 $3M $140.44 $169K +22 +0.1%
96 XLF 0.11% 51,291 $3M $53.87 $211K +2,567 +5.3%
97 DVY 0.11% 18,964 $3M $142.10 $177K +9 +0.1%
98 SCHX 0.11% 101,686 $3M $26.34 $206K +524 +0.5%
99 HON 0.11% 12,494 $3M $210.51 -$298K -77 -0.6%
100 SCHZ 0.10% 106,868 $3M $23.47 $245K +9,488 +9.7%

New Positions

SymbolValue% Port
ZTS $2M 0.10%
GKOS $2M 0.07%
KAI $2M 0.06%
IMAX $903K 0.04%
GLTR $851K 0.03%
JMUB $816K 0.03%
SKY $764K 0.03%
PLTR $697K 0.03%
RSPT $485K 0.02%
IEFA $467K 0.02%
WEC $458K 0.02%
DCOR $392K 0.02%
NEM $373K 0.02%
EMR $369K 0.02%
WPM $343K 0.01%

Sold Out Positions

SymbolValue% Port
NPB —%
BSX —%
ADP —%
GILD —%
CMCSA —%
TMUS —%
PAYX —%
TTD —%
VRTX —%
SHYF —%
SCS —%
View SEC EDGAR Filings for Zhang Financial LLC →

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