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Asset Manager ← All Institutions

Zhang Financial LLC

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

Q4 2025 · Filed 2026-02-10
Market Value
$2.7B
+9.0%
Holdings
346
+20
New Purchases
31
Added To
183
Closed
9
Reduced
72
Top 10 Concentration
49.8%
Turnover
11.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BIV 4.42% 3.61% +0.81% $118M
VCRB 0.69% 0.12% +0.57% $19M
AGG 1.70% 1.18% +0.52% $46M
DFAT 0.29% 0.05% +0.24% $8M
VUG 0.92% 0.69% +0.24% $25M
AVUS 0.89% 0.68% +0.21% $24M
SGOV 0.23% 0.03% +0.19% $6M
AVDE 1.23% 1.09% +0.14% $33M
BRK-A 0.23% 0.09% +0.13% $6M
MU 0.36% 0.25% +0.11% $10M
GOOGL 0.69% 0.59% +0.10% $19M
VXUS 5.29% 5.20% +0.09% $142M
ITOT 5.83% 5.74% +0.09% $156M
AAPL 2.20% 2.12% +0.08% $59M
AVUV 0.62% 0.56% +0.07% $17M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VTI 6.85% 7.33% -0.48% $184M
DFUS 6.69% 7.07% -0.39% $179M
VOO 7.27% 7.54% -0.27% $195M
SYK 1.45% 1.71% -0.27% $39M
DFAC 4.90% 5.16% -0.25% $131M
VT 3.77% 3.99% -0.22% $101M
VBR 1.79% 2.00% -0.21% $48M
IBIT 0.61% 0.82% -0.21% $16M
AXP 0.00% 0.18% -0.18% $0
VYM 1.68% 1.82% -0.13% $45M
MSFT 1.23% 1.32% -0.10% $33M
BKLC 1.52% 1.61% -0.09% $41M
PH 0.06% 0.13% -0.08% $1M
NVDA 1.01% 1.08% -0.07% $27M
VOOV 0.79% 0.86% -0.07% $21M

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 63 $997M 37.2%
Large Cap 215 $1.5B 57.0%
Mid Cap 48 $145M 5.4%
Small Cap 17 $10M 0.4%
Micro Cap 3 $3M 0.1%

Portfolio Analytics

Avg Market Cap
$206.3B
Median Market Cap
$48.9B
Avg P/E
32.1
Median P/E
25.6
Avg Dividend Yield
0.02%
Avg Beta
0.96
# Stocks
163
# ETFs / Funds
183

Top Holdings (346 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VOO 7.27% 310,861 $195M $627.13 $9M +7,705 +2.5%
2 VTI 6.85% 547,888 $184M $335.27 $3M -2,070 -0.4%
3 DFUS 6.69% 2,417,863 $179M $74.17 $5M +14,494 +0.6%
4 ITOT 5.83% 1,051,877 $156M $148.69 $15M +81,977 +8.4%
5 VXUS 5.29% 1,880,287 $142M $75.44 $14M +139,713 +8.0%
6 DFAC 4.90% 3,321,411 $131M $39.59 $5M +30,820 +0.9%
7 BIV 4.42% 1,520,153 $118M $77.88 $30M +383,659 +33.8%
8 VT 3.77% 716,978 $101M $141.06 $3M +4,358 +0.6%
9 DFAI 2.59% 1,824,816 $70M $38.11 $5M +39,270 +2.2%
10 AAPL 2.20% 216,708 $59M $271.86 $7M +11,749 +5.7%
11 BND 1.91% 691,645 $51M $74.07 $4M +59,809 +9.5%
12 VBR 1.79% 226,870 $48M $211.79 -$1M -9,337 -4.0%
13 AGG 1.70% 455,781 $46M $99.88 $17M +166,678 +57.6%
14 VYM 1.68% 314,048 $45M $143.52 $393K -2,940 -0.9%
15 BKLC 1.52% 312,336 $41M $130.80 $1M +3,888 +1.3%
16 SYK 1.45% 110,348 $39M $351.47 -$3M -3,632 -3.2%
17 IAU 1.43% 473,420 $38M $81.17 $4M -2,175 -0.5%
18 AVDE 1.23% 402,208 $33M $82.32 $6M +61,939 +18.2%
19 MSFT 1.23% 67,928 $33M $483.62 $248K +4,982 +7.9%
20 DFAU 1.18% 673,569 $32M $46.80 $2M +17,657 +2.7%
21 VCSH 1.14% 382,608 $31M $79.73 $2M +31,581 +9.0%
22 NVDA 1.01% 145,355 $27M $186.50 $422K +2,326 +1.6%
23 VO 1.00% 92,354 $27M $290.22 $1M +4,806 +5.5%
24 VUG 0.92% 50,797 $25M $487.86 $8M +15,555 +44.1%
25 AVUS 0.89% 212,973 $24M $111.78 $7M +59,260 +38.5%
26 SPTM 0.81% 263,693 $22M $82.50 $224K -3,271 -1.2%
27 VOOV 0.79% 103,413 $21M $204.85 $64K -2,469 -2.3%
28 DFSV 0.78% 635,274 $21M $32.89 $871K +6,399 +1.0%
29 MGK 0.76% 49,269 $20M $412.77 $1M +1,491 +3.1%
30 VEA 0.73% 314,532 $20M $62.47 $1M +11,210 +3.7%
31 GOOGL 0.69% 59,524 $19M $313.00 $4M -465 -0.8%
32 VCRB 0.69% 238,864 $19M $77.89 $16M +201,115 +532.8%
33 IWN 0.68% 99,955 $18M $181.21 $22K -2,363 -2.3%
34 IVV 0.66% 25,662 $18M $684.94 -$184K -874 -3.3%
35 SCHB 0.63% 648,395 $17M $26.23 $275K -2,411 -0.4%
36 AVUV 0.62% 164,133 $17M $101.98 $3M +26,379 +19.1%
37 AMZN 0.61% 70,609 $16M $230.82 $1M +2,924 +4.3%
38 IBIT 0.61% 327,153 $16M $49.65 -$4M +17,933 +5.8%
39 SPY 0.53% 20,960 $14M $681.92 $3M +3,300 +18.7%
40 BRK-B 0.49% 25,933 $13M $502.65 $550K +1,098 +4.4%
41 SCHF 0.46% 518,515 $12M $24.04 $534K +6,002 +1.2%
42 VTV 0.46% 64,782 $12M $190.99 $205K -463 -0.7%
43 VWO 0.46% 227,963 $12M $53.76 $70K +3,061 +1.4%
44 META 0.43% 17,302 $11M $660.06 $492K +2,420 +16.3%
45 SPMD 0.38% 176,251 $10M $57.91 $309K +3,179 +1.8%
46 MU 0.36% 33,892 $10M $285.41 $3M -3,069 -8.3%
47 GLDM 0.31% 98,084 $8M $85.37 $383K -6,429 -6.2%
48 EMXC 0.31% 113,675 $8M $72.68 $641K +795 +0.7%
49 AVGO 0.31% 23,634 $8M $346.10 $982K +1,817 +8.3%
50 SUB 0.30% 74,231 $8M $106.70 $264K +2,529 +3.5%
51 DFAT 0.29% 131,795 $8M $59.54 $7M +109,956 +503.5%
52 FERG 0.28% 33,468 $7M $222.63 $324K +1,734 +5.5%
53 JPM 0.25% 21,163 $7M $322.21 $520K +1,195 +6.0%
54 ABBV 0.25% 29,260 $7M $228.49 $232K +1,385 +5.0%
55 SPAB 0.24% 251,623 $6M $25.75 -$233K -8,043 -3.1%
56 AMGN 0.24% 19,273 $6M $327.31 $1M +1,915 +11.0%
57 DFAS 0.23% 88,653 $6M $69.67 $103K -59 -0.1%
58 SGOV 0.23% 60,918 $6M $100.38 $5M +52,593 +631.8%
59 BRK-A 0.23% 8 $6M $754,800.00 $4M +5 +166.7%
60 IBM 0.23% 20,371 $6M $296.21 $387K +355 +1.8%
61 CAT 0.22% 10,485 $6M $572.84 $960K -91 -0.9%
62 MGC 0.22% 23,795 $6M $251.17 -$2K -701 -2.9%
63 IXUS 0.22% 70,243 $6M $84.64 $150K +61 +0.1%
64 QQQ 0.22% 9,669 $6M $614.29 $119K -25 -0.3%
65 VONE 0.22% 18,979 $6M $309.05 $146K +63 +0.3%
66 VONG 0.22% 47,612 $6M $121.75 $1M +8,870 +22.9%
67 MUB 0.21% 53,658 $6M $107.11 $1M +9,904 +22.6%
68 CSCO 0.21% 72,634 $6M $77.03 $950K +4,749 +7.0%
69 TSLA 0.20% 12,168 $5M $449.72 $73K +27 +0.2%
70 KLAC 0.20% 4,392 $5M $1,215.13 $438K -151 -3.3%
71 GS 0.19% 5,923 $5M $878.91 $649K +201 +3.5%
72 EFV 0.19% 70,262 $5M $71.41 $272K +301 +0.4%
73 GOOG 0.18% 15,477 $5M $313.80 $1M +208 +1.4%
74 VGT 0.18% 6,398 $5M $753.76 $104K +78 +1.2%
75 VYMI 0.17% 50,107 $5M $90.00 $270K +39 +0.1%
76 VONV 0.17% 48,337 $4M $92.30 $1M +10,331 +27.2%
77 VIG 0.16% 19,972 $4M $219.78 $8K -333 -1.6%
78 ICSH 0.16% 85,904 $4M $50.58 $510K +10,345 +13.7%
79 XOM 0.16% 35,608 $4M $120.34 $698K +3,797 +11.9%
80 VOOG 0.16% 9,573 $4M $444.61 $720K +1,453 +17.9%
81 APO 0.16% 29,120 $4M $144.76 $554K +1,650 +6.0%
82 WMT 0.15% 36,748 $4M $111.41 $823K +5,008 +15.8%
83 PG 0.15% 27,378 $4M $143.31 -$307K -157 -0.6%
84 IWV 0.14% 10,050 $4M $386.85 $61K -50 -0.5%
85 VV 0.14% 12,089 $4M $314.80 $86K +8 +0.1%
86 VNQ 0.14% 42,229 $4M $88.49 -$571K -4,893 -10.4%
87 MDT 0.13% 35,414 $3M $96.06 $356K +3,436 +10.7%
88 BKIE 0.13% 36,497 $3M $92.56 $266K +1,742 +5.0%
89 AIT 0.12% 12,793 $3M $256.77 -$55K
90 SPTS 0.12% 111,840 $3M $29.28 $366K +12,648 +12.8%
91 DFUV 0.12% 70,016 $3M $46.59 $161K +637 +0.9%
92 XLF 0.12% 57,279 $3M $54.77 $374K +5,988 +11.7%
93 SCHZ 0.11% 127,505 $3M $23.37 $472K +20,637 +19.3%
94 SCHM 0.11% 95,926 $3M $30.07 $68K +901 +0.9%
95 PEP 0.11% 19,946 $3M $143.52 $84K +162 +0.8%
96 LLY 0.11% 2,660 $3M $1,074.60 $870K +53 +2.0%
97 SCHX 0.11% 105,883 $3M $26.91 $171K +4,197 +4.1%
98 JNJ 0.10% 13,541 $3M $206.95 $488K +1,057 +8.5%
99 BKNG 0.10% 510 $3M $5,362.07 $340K +67 +15.1%
100 CRM 0.10% 10,234 $3M $264.91 -$130K -1,755 -14.6%

New Positions

SymbolValue% Port
VGUS $2M 0.06%
ETHA $1M 0.04%
ONEQ $662K 0.02%
MUNI $627K 0.02%
DFNM $578K 0.02%
IEF $429K 0.02%
IUSV $423K 0.02%
EEM $346K 0.01%
C $333K 0.01%
DE $330K 0.01%
SPLG $320K 0.01%
AMD $315K 0.01%
VMBS $306K 0.01%
TLT $304K 0.01%
EVTR $296K 0.01%

Sold Out Positions

SymbolValue% Port
AXP —%
CL —%
DD —%
DUK —%
CHY —%
CRWD —%
FSLR —%
QRVO —%
K —%
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