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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
+11.01%
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
$1.16B
AUM Growth
+$178M
(+18%)
Cap. Flow
+$67.8M
Cap. Flow
% of AUM
5.83%
Top 10 Holdings %
Top 10 Hldgs %
53.08%
Holding
261
New
30
Increased
114
Reduced
82
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DFUS
Dimensional US Equity ETF
DFUS
|
+$12M |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$8.7M |
| 3 |
Dimensional US Core Equity 2 ETF
DFAC
|
+$8.61M |
| 4 |
Avantis International Equity ETF
AVDE
|
+$4.83M |
| 5 |
Avantis US Equity ETF
AVUS
|
+$4.74M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Gold Trust
IAU
|
+$2.83M |
| 2 |
iShares 1-3 Year Treasury Bond ETF
SHY
|
+$1.76M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$1.64M |
| 4 |
Vanguard Short-Term Corporate Bond ETF
VCSH
|
+$1.37M |
| 5 |
Vanguard Morningstar Small-Cap Value ETF
VBR
|
+$1.26M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.75% |
| 2 | Healthcare | 4.17% |
| 3 | Financials | 2.14% |
| 4 | Consumer Staples | 1.81% |
| 5 | Consumer Discretionary | 1.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Viatris
VTRS
$20.6B
| $174K | 0.01% |
16,052
+539
| +3% | +$5.16K |
|
|
CHY
252
Calamos Convertible and High Income Fund
CHY
$1.04B
| $136K | 0.01% |
+11,845
| New | +$134K |
|
253
Tiziana Life Sciences
TLSA
$126M
| $29.2K | ﹤0.01% |
52,060
+1,500
| +3% | +$946 |
|
|
BIOL
254
DELISTED
Biolase, Inc.
BIOL
| $15.4K | ﹤0.01% |
13,770
+1,692
| +14% | +$2.42K |
|
255
Biogen
BIIB
$30.5B
| – | – |
-931
| Closed | -$245K |
|
256
Vanguard Total International Bond ETF
BNDX
$82.3B
| – | – |
-4,512
| Closed | -$216K |
|
257
Polaris
PII
$4.16B
| – | – |
-2,000
| Closed | -$208K |
|
|
SCHR
258
Schwab Intermediately-Term US Treasury ETF
SCHR
$13.3B
| – | – |
-9,704
| Closed | -$233K |
|
259
Texas Instruments
TXN
$254B
| – | – |
-2,888
| Closed | -$459K |
|
260
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
| – | – |
-7,489
| Closed | -$431K |
|
261
Whirlpool
WHR
$2.93B
| – | – |
-2,046
| Closed | -$274K |
|
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BG
Zhang Financial's Q4 2023 Portfolio in Review
As of Q4 2023, Zhang Financial held 261 positions worth $1.16B, up 18% from $987M the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Zhang Financial deployed $67.8M of net new capital in Q4 2023, opening 30 new positions and adding to 114 existing holdings. Its largest new stake was State Street SPDR Portfolio Short Term Treasury ETF: 112,863 shares worth $3.28M.
By sector, the portfolio is most concentrated in Technology at 6.8% of assets, up from 6.7% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was iShares Gold Trust, an estimated $2.83M trimmed.
- Zhang Financial's largest Q4 2023 buy was State Street SPDR Portfolio Short Term Treasury ETF: 112,863 shares worth $3.28M.
- Zhang Financial added most to Dimensional US Equity ETF in Q4 2023, an estimated $12M increase.
- Zhang Financial's biggest Q4 2023 reduction was iShares Gold Trust, cutting an estimated $2.83M.
- Zhang Financial fully exited Texas Instruments in Q4 2023, selling an estimated $459K.
- Zhang Financial's ten largest holdings make up 53% of its $1.16B portfolio in Q4 2023.
- Zhang Financial opened 30 new positions and closed 7 in Q4 2023.
- Zhang Financial's portfolio value rose 18% quarter-over-quarter to $1.16B.
Based on Zhang Financial's 13F filing for Q4 2023, filed 31 Jan 2024.