CAM

Clark Asset Management Portfolio holdings

AUM $734M

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4

This Quarter Return

+5.46%

1 Year Return

+11.32%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$466M

AUM Growth

+$466M (+29%)

Cap. Flow

+$85.6M

Cap. Flow % of AUM

18.39%

Top 10 Holdings % Top 10 Hldgs %

65.86%

Holding

128

New

Increased

Reduced

Closed

Top Buys

1	Vanguard FTSE Developed Markets ETF VEA	$16.5M
2	Vanguard Growth ETF VUG	$10.1M
3	Vanguard Value ETF VTV	$9.2M
4	Vanguard FTSE Emerging Markets ETF VWO	$7.02M
5	Vanguard Small-Cap ETF VB	$4.32M

Top Sells

1	Visa V	$4.5M
2	Mastercard MA	$2.98M
3	Vanguard Total Stock Market ETF VTI	$1.06M
4	Apple AAPL	$651K
5	Invesco BulletShares 2025 Municipal Bond ETF BSMP	$514K

Sector Composition

1	Technology	5.94%
2	Financials	1.95%
3	Consumer Discretionary	1.34%
4	Communication Services	0.74%
5	Healthcare	0.45%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
101	101 Vanguard Mid-Cap Value ETF VOE $18.8B	$260K	0.06%	1,552	–	–
102	102 iShares MSCI Emerging Markets ETF EEM $19B	$260K	0.06%	5,661 -1,134	-17%	-$52K
103	103 Salesforce CRM $245B	$260K	0.06%	+948	New	+$260K
104	104 Vanguard Intermediate-Term Treasury ETF VGIT $32.3B	$258K	0.06%	+4,268	New	+$258K
105	105 Synopsys SNPS $112B	$255K	0.05%	504	–	–
106	GAP 106 The Gap, Inc. GAP $8.21B	$253K	0.05%	+11,471	New	+$253K
107	107 Chevron CVX $324B	$251K	0.05%	+1,702	New	+$251K
108	108 iShares Expanded Tech-Software Sector ETF IGV $9.77B	$250K	0.05%	2,795	–	–
109	109 Merck MRK $210B	$249K	0.05%	+2,195	New	+$249K
110	110 Bank of America BAC $376B	$242K	0.05%	6,089 +1,010	+20%	+$40.1K
111	111 Invesco S&P 500 Pure Value ETF RPV $1.36B	$237K	0.05%	+2,665	New	+$237K
112	112 Advanced Micro Devices AMD $264B	$229K	0.05%	+1,393	New	+$229K
113	113 Buckle BKE $2.89B	$228K	0.05%	5,179 -882	-15%	-$38.8K
114	114 Schwab US Dividend Equity ETF SCHD $72.5B	$226K	0.05%	2,678 -649	-20%	-$54.9K
115	115 McDonald's MCD $224B	$225K	0.05%	+739	New	+$225K
116	116 SPDR Portfolio S&P 500 Growth ETF SPYG $39.9B	$220K	0.05%	2,653	–	–
117	117 Williams-Sonoma WSM $23.1B	$218K	0.05%	+1,406	New	+$218K
118	118 iShares Russell 1000 ETF IWB $42.6B	$213K	0.05%	676	–	–
119	119 Schwab US Large-Cap Value ETF SCHV $13.2B	$211K	0.05%	2,622 -822	-24%	-$66.1K
120	120 Cisco CSCO $274B	$202K	0.04%	+3,787	New	+$202K
121	121 Nuveen Quality Municipal Income Fund NAD $2.64B	$192K	0.04%	+15,500	New	+$192K
122	122 DNP Select Income Fund DNP $3.68B	$120K	0.03%	11,903	–	–
123	123 Innovator Defined Wealth Shield ETF BALT $1.63B	–	–	-9,515	Closed	-$286K
124	124 Invesco BulletShares 2025 Municipal Bond ETF BSMP $223M	–	–	-21,177	Closed	-$514K
125	125 SPDR Dow Jones Industrial Average ETF Trust DIA $39.4B	–	–	-569	Closed	-$222K