VCM

Versant Capital Management Portfolio holdings

AUM $659M

1-Year Return 19.83%

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4

This Quarter Return

-6.65%

1 Year Return

+19.83%

3 Year Return

+54.44%

5 Year Return

+94.34%

10 Year Return

–

AUM

$255M

AUM Growth

-$17.8M (-6.5%)

Cap. Flow

+$1.1M

Cap. Flow % of AUM

0.43%

Top 10 Holdings % Top 10 Hldgs %

50.75%

Holding

1,767

New

Increased

386

Reduced

424

Closed

118

Top Buys

1	Dimensional US Marketwide Value ETF DFUV	$4.4M
2	SPDR Nuveen ICE Municipal Bond ETF TFI	$1.04M
3	Avantis Emerging Markets Equity ETF AVEM	$732K
4	iShares MSCI Global Gold Miners ETF RING	$496K
5	Avantis US Equity ETF AVUS	$445K

Top Sells

1	Dimensional US Core Equity 2 ETF DFAC	$1.21M
2	Vanguard Total Stock Market ETF VTI	$1.14M
3	FlexShares Global Upstream Natural Resources Index Fund GUNR	$938K
4	iShares JPMorgan USD Emerging Markets Bond ETF EMB	$937K
5	Dimensional International Core Equity Market ETF DFAI	$877K

Sector Composition

1	Technology	6.06%
2	Healthcare	4.15%
3	Energy	3.59%
4	Financials	3.09%
5	Industrials	2.29%

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
1701	1701 Carvana CVNA $51.1B	$0	﹤0.01%	9 -1	-10%	–
1702	1702 Curtiss-Wright CW $18.1B	$0	﹤0.01%	2	–	–
1703	1703 Community Health Systems CYH $398M	$0	﹤0.01%	150	–	–
1704	1704 3D Systems Corporation DDD $263M	–	–	-466	Closed	-$5K
1705	1705 DraftKings DKNG $23.5B	–	–	-21	Closed	–
1706	1706 Dolby DLB $6.98B	$0	﹤0.01%	6	–	–
1707	1707 Digital Realty Trust DLR $55.5B	$0	﹤0.01%	4 -8	-67%	–
1708	1708 Duluth Holdings DLTH $135M	$0	﹤0.01%	42	–	–
1709	1709 Dorman Products DORM $4.96B	$0	﹤0.01%	2 -26	-93%	–
1710	1710 Douglas Elliman DOUG $235M	$0	﹤0.01%	7 -225	-97%	–
1711	1711 Global X Autonomous & Electric Vehicles ETF DRIV $333M	$0	﹤0.01%	3	–	–
1712	1712 Dynatrace DT $15B	$0	﹤0.01%	11	–	–
1713	1713 Encompass Health EHC $12.5B	$0	﹤0.01%	6 -2	-25%	–
1714	1714 Equity Lifestyle Properties ELS $11.8B	$0	﹤0.01%	4 +1	+33%	–
1715	1715 Enovis ENOV $1.8B	$0	﹤0.01%	7	–	–
1716	1716 Energizer ENR $1.96B	$0	﹤0.01%	11	–	–
1717	1717 EnerSys ENS $3.86B	$0	﹤0.01%	4	–	–
1718	1718 Enova International ENVA $3.09B	$0	﹤0.01%	9 -83	-90%	–
1719	1719 Enovix ENVX $1.77B	$0	﹤0.01%	21	–	–
1720	1720 EPAM Systems EPAM $9.36B	$0	﹤0.01%	1	–	–
1721	1721 EPR Properties EPR $4.05B	$0	﹤0.01%	2	–	–
1722	1722 ESAB ESAB $7.07B	$0	﹤0.01%	7	–	–
1723	1723 Escalade ESCA $176M	$0	﹤0.01%	26	–	–
1724	ESGR 1724 DELISTED Enstar Group ESGR	$0	﹤0.01%	2	–	–
1725	1725 Empire State Realty Trust ESRT $1.33B	–	–	-31	Closed	–