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ZF
Zhang Financial Portfolio holdings
AUM
$3.42B
1-Year Est. Return
23.04%
This Fund
S&P 500
This Quarter
Est. Return
+6.55%
1 Year Est. Return
+23.04%
3 Year Est. Return
+67.89%
5 Year Est. Return
+72.89%
10 Year Est. Return
+216.66%
AUM
$876M
AUM Growth
+$91.5M
(+12%)
Cap. Flow
+$44.8M
Cap. Flow
% of AUM
5.11%
Top 10 Holdings %
Top 10 Hldgs %
50.09%
Holding
236
New
9
Increased
95
Reduced
79
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard S&P 500 ETF
VOO
|
+$11.4M |
| 2 |
Vanguard Total International Stock ETF
VXUS
|
+$6.65M |
| 3 |
DFUS
Dimensional US Equity ETF
DFUS
|
+$6.56M |
| 4 |
HF Foods Group
HFFG
|
+$6.23M |
| 5 |
Vanguard Total Bond Market
BND
|
+$4.97M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNY Mellon US Large Cap Core Equity ETF
BKLC
|
+$6.15M |
| 2 |
iShares Ultra Short Duration Bond Active ETF
ICSH
|
+$4.23M |
| 3 |
BNY Mellon Core Bond ETF
BKAG
|
+$1.72M |
| 4 |
Vanguard Short-Term Corporate Bond ETF
VCSH
|
+$1.68M |
| 5 |
iShares TIPS Bond ETF
TIP
|
+$1.35M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.76% |
| 2 | Healthcare | 4.73% |
| 3 | Consumer Staples | 2.52% |
| 4 | Financials | 2.1% |
| 5 | Consumer Discretionary | 1.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Viatris
VTRS
$18.9B
| $170K | 0.02% |
17,639
+1,074
| +6% | +$11.9K |
|
227
Tiziana Life Sciences
TLSA
$124M
| $30.5K | ﹤0.01% |
27,960
+7,260
| +35% | +$4.75K |
|
|
BIOL
228
DELISTED
Biolase, Inc.
BIOL
| $5.88K | ﹤0.01% |
+209
| New | +$10.2K |
|
|
SDC
229
DELISTED
SmileDirectClub, Inc. Class A Common Stock
SDC
| $5.21K | ﹤0.01% |
12,111
| – | – |
|
230
Allstate
ALL
$70.9B
| – | – |
-1,605
| Closed | -$218K |
|
231
Gaotu Techedu
GOTU
$453M
| – | – |
-13,129
| Closed | -$31K |
|
232
Norfolk Southern
NSC
$76.9B
| – | – |
-982
| Closed | -$242K |
|
233
State Street SPDR Portfolio Aggregate Bond ETF
SPAB
$9.76B
| – | – |
-8,308
| Closed | -$209K |
|
234
UnitedHealth
UNH
$367B
| – | – |
-445
| Closed | -$236K |
|
235
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.2B
| – | – |
-5,599
| Closed | -$277K |
|
236
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
| – | – |
-4,534
| Closed | -$212K |
|
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CIA
JGC
MCM
PWP
RBA
PCM
LNC
BG
Zhang Financial's Q1 2023 Portfolio in Review
As of Q1 2023, Zhang Financial held 236 positions worth $876M, up 12% from $784M the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Zhang Financial deployed $44.8M of net new capital in Q1 2023, opening 9 new positions and adding to 95 existing holdings. Its largest new stake was HF Foods Group: 1,494,152 shares worth $5.86M.
By sector, the portfolio is most concentrated in Technology at 6.8% of assets, up from 6.1% a quarter earlier, followed by Healthcare and Consumer Staples.
On the sell side, the largest reduction was BNY Mellon US Large Cap Core Equity ETF, an estimated $6.15M trimmed.
- Zhang Financial's largest Q1 2023 buy was HF Foods Group: 1,494,152 shares worth $5.86M.
- Zhang Financial added most to Vanguard S&P 500 ETF in Q1 2023, an estimated $11.4M increase.
- Zhang Financial's biggest Q1 2023 reduction was BNY Mellon US Large Cap Core Equity ETF, cutting an estimated $6.15M.
- Zhang Financial fully exited Vanguard Tax-Exempt Bond Index Fund in Q1 2023, selling an estimated $277K.
- Zhang Financial's ten largest holdings make up 50% of its $876M portfolio in Q1 2023.
- Zhang Financial opened 9 new positions and closed 7 in Q1 2023.
- Zhang Financial's portfolio value rose 12% quarter-over-quarter to $876M.
Based on Zhang Financial's 13F filing for Q1 2023, filed 11 May 2023.