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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
+8.3%
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
$784M
AUM Growth
+$121M
(+18%)
Cap. Flow
+$70.8M
Cap. Flow
% of AUM
9.03%
Top 10 Holdings %
Top 10 Hldgs %
48.38%
Holding
240
New
23
Increased
103
Reduced
77
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DFUS
Dimensional US Equity ETF
DFUS
|
+$19.4M |
| 2 |
DFAI
Dimensional International Core Equity Market ETF
DFAI
|
+$11.7M |
| 3 |
Vanguard S&P 500 ETF
VOO
|
+$9.94M |
| 4 |
iShares Ultra Short Duration Bond Active ETF
ICSH
|
+$6.05M |
| 5 |
Dimensional US Core Equity 2 ETF
DFAC
|
+$4.39M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNY Mellon US Large Cap Core Equity ETF
BKLC
|
+$4.25M |
| 2 |
BNY Mellon Core Bond ETF
BKAG
|
+$3M |
| 3 |
Apple
AAPL
|
+$2.5M |
| 4 |
Vanguard Total Bond Market
BND
|
+$1.79M |
| 5 |
iShares Core US Aggregate Bond ETF
AGG
|
+$1.62M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.11% |
| 2 | Healthcare | 5.17% |
| 3 | Financials | 2.45% |
| 4 | Consumer Staples | 2.02% |
| 5 | Industrials | 1.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Vanguard Morningstar Total Stock Market ETF
VTI
$660B
| $92.1M | 11.74% |
481,667
+1,598
| +0.3% | +$308K |
|
2
iShares Core S&P Total US Stock Market ETF
ITOT
$94.3B
| $57.4M | 7.32% |
676,547
+20,118
| +3% | +$1.72M |
|
3
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.1B
| $42.3M | 5.4% |
266,617
+3,979
| +2% | +$634K |
|
|
4
Vanguard S&P 500 ETF
VOO
$979B
| $36M | 4.59% |
102,408
+28,125
| +38% | +$9.94M |
|
5
Vanguard Total World Stock ETF
VT
$77.1B
| $34.3M | 4.37% |
397,709
-4,140
| -1% | -$354K |
|
6
iShares Gold Trust
IAU
$62.9B
| $29.1M | 3.72% |
842,341
-16,920
| -2% | -$556K |
|
7
Vanguard Total International Stock ETF
VXUS
$155B
| $24.1M | 3.08% |
466,366
+51,153
| +12% | +$2.56M |
|
|
8
Apple
AAPL
$4.54T
| $23M | 2.93% |
177,014
-17,522
| -9% | -$2.5M |
|
|
DFUS
9
Dimensional US Equity ETF
DFUS
$20.8B
| $20.8M | 2.65% |
499,511
+464,483
| +1,326% | +$19.4M |
|
|
10
BNY Mellon US Large Cap Core Equity ETF
BKLC
$5.49B
| $20.3M | 2.58% |
867,534
-180,045
| -17% | -$4.25M |
|
|
11
Dimensional US Core Equity 2 ETF
DFAC
$47.9B
| $18.7M | 2.39% |
771,203
+180,464
| +31% | +$4.39M |
|
|
DFAI
12
Dimensional International Core Equity Market ETF
DFAI
$17.4B
| $18.4M | 2.35% |
735,527
+488,476
| +198% | +$11.7M |
|
13
iShares Russell 2000 Value ETF
IWN
$14.3B
| $18.2M | 2.32% |
131,341
-3,327
| -2% | -$470K |
|
14
Stryker
SYK
$125B
| $15.7M | 2% |
64,068
-669
| -1% | -$152K |
|
15
Microsoft
MSFT
$3.45T
| $13.1M | 1.67% |
54,673
-787
| -1% | -$189K |
|
|
16
iShares Ultra Short Duration Bond Active ETF
ICSH
$8.07B
| $12.6M | 1.61% |
251,922
+121,020
| +92% | +$6.05M |
|
17
Dimensional US Core Equity Market ETF
DFAU
$12.4B
| $12.1M | 1.55% |
449,024
+76,052
| +20% | +$2.07M |
|
18
Vanguard High Dividend Yield ETF
VYM
$80.9B
| $11.1M | 1.41% |
102,378
+30,176
| +42% | +$3.21M |
|
19
Vanguard FTSE Emerging Markets ETF
VWO
$121B
| $10.3M | 1.32% |
264,890
+19,655
| +8% | +$749K |
|
|
20
Vanguard Total Bond Market
BND
$157B
| $9.06M | 1.16% |
126,182
-24,925
| -16% | -$1.79M |
|
21
Vanguard Morningstar Value ETF
VTV
$188B
| $8.22M | 1.05% |
58,540
+20,810
| +55% | +$2.87M |
|
22
iShares Short-Term National Muni Bond ETF
SUB
$11.4B
| $7.86M | 1% |
75,428
+16,975
| +29% | +$1.76M |
|
23
iShares TIPS Bond ETF
TIP
$14.5B
| $7.67M | 0.98% |
72,083
-11,478
| -14% | -$1.23M |
|
24
Berkshire Hathaway Class B
BRK.B
$1.1T
| $7.6M | 0.97% |
24,589
-700
| -3% | -$208K |
|
25
Schwab US Broad Market ETF
SCHB
$43.2B
| $7.08M | 0.9% |
474,177
+1,173
| +0.2% | +$17.6K |
|
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Zhang Financial's Q4 2022 Portfolio in Review
As of Q4 2022, Zhang Financial held 240 positions worth $784M, up 18% from $663M the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Zhang Financial deployed $70.8M of net new capital in Q4 2022, opening 23 new positions and adding to 103 existing holdings. Its largest new stake was Vanguard Ultra-Short Bond ETF: 36,821 shares worth $1.8M.
By sector, the portfolio is most concentrated in Technology at 6.1% of assets, down from 7.3% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was BNY Mellon US Large Cap Core Equity ETF, an estimated $4.25M trimmed.
- Zhang Financial's largest Q4 2022 buy was Vanguard Ultra-Short Bond ETF: 36,821 shares worth $1.8M.
- Zhang Financial added most to Dimensional US Equity ETF in Q4 2022, an estimated $19.4M increase.
- Zhang Financial's biggest Q4 2022 reduction was BNY Mellon US Large Cap Core Equity ETF, cutting an estimated $4.25M.
- Zhang Financial fully exited iShares Russell 1000 ETF in Q4 2022, selling an estimated $1.07M.
- Zhang Financial's ten largest holdings make up 48% of its $784M portfolio in Q4 2022.
- Zhang Financial opened 23 new positions and closed 13 in Q4 2022.
- Zhang Financial's portfolio value rose 18% quarter-over-quarter to $784M.
Based on Zhang Financial's 13F filing for Q4 2022, filed 17 Jan 2023.