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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
-3.77%
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
$987M
AUM Growth
+$12.1M
Cap. Flow
+$50.9M
Cap. Flow %
5.16%
Top 10 Hldgs %
52.55%
Holding
255
New
8
Increased
87
Reduced
89
Closed
24

Top Buys

Rank Stock Value
1
DFUS
Dimensional US Equity ETF
DFUS
+$12.3M
2
VOO icon
Vanguard S&P 500 ETF
VOO
+$10.3M
3
VXUS icon
Vanguard Total International Stock ETF
VXUS
+$8.08M
4
DFAC icon
Dimensional US Core Equity 2 ETF
DFAC
+$7.43M
5
DFAI
Dimensional International Core Equity Market ETF
DFAI
+$5.28M

Top Sells

Rank Stock Value
1
ICSH icon
iShares Ultra Short Duration Bond Active ETF
ICSH
+$2.16M
2
QQQ icon
Invesco QQQ Trust
QQQ
+$1.92M
3
CMS icon
CMS Energy
CMS
+$1.37M
4
TIP icon
iShares TIPS Bond ETF
TIP
+$1.3M
5
SCHP icon
Schwab US TIPS ETF
SCHP
+$1.07M

Sector Composition

Rank Sector Weight
1 Technology 6.7%
2 Healthcare 4.51%
3 Financials 2.14%
4 Consumer Staples 1.96%
5 Consumer Discretionary 1.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VTI icon
1
Vanguard Morningstar Total Stock Market ETF
VTI
$660B
$105M 10.63%
492,947
+3,769
+0.8% +$834K
VOO icon
2
Vanguard S&P 500 ETF
VOO
$979B
$71.4M 7.24%
181,456
+25,166
+16% +$10.3M
ITOT icon
3
iShares Core S&P Total US Stock Market ETF
ITOT
$94.3B
$64.6M 6.55%
684,748
+618
+0.1% +$60.7K
DFUS
4
Dimensional US Equity ETF
DFUS
$20.8B
$53.2M 5.4%
1,142,085
+253,724
+29% +$12.3M
VXUS icon
5
Vanguard Total International Stock ETF
VXUS
$155B
$45.3M 4.59%
846,132
+144,692
+21% +$8.08M
VT icon
6
Vanguard Total World Stock ETF
VT
$77.1B
$41.6M 4.21%
445,493
+12,350
+3% +$1.2M
VBR icon
7
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.1B
$40.4M 4.09%
253,206
-6,161
-2% -$1.03M
DFAC icon
8
Dimensional US Core Equity 2 ETF
DFAC
$47.9B
$35.5M 3.59%
1,351,413
+272,181
+25% +$7.43M
DFAI
9
Dimensional International Core Equity Market ETF
DFAI
$17.4B
$30.9M 3.13%
1,183,098
+194,470
+20% +$5.28M
AAPL icon
10
Apple
AAPL
$4.54T
$30.8M 3.12%
178,457
-272
-0.2% -$49.9K
IAU icon
11
iShares Gold Trust
IAU
$62.9B
$25.5M 2.59%
729,340
-8,547
-1% -$312K
BND icon
12
Vanguard Total Bond Market
BND
$157B
$20.9M 2.11%
299,212
+33,352
+13% +$2.38M
SYK icon
13
Stryker
SYK
$125B
$20.8M 2.11%
76,180
-2,430
-3% -$697K
VYM icon
14
Vanguard High Dividend Yield ETF
VYM
$80.9B
$19.4M 1.97%
188,155
+16,530
+10% +$1.77M
MSFT icon
15
Microsoft
MSFT
$3.45T
$17.9M 1.81%
56,187
+1,422
+3% +$470K
IWN icon
16
iShares Russell 2000 Value ETF
IWN
$14.3B
$15.9M 1.61%
117,120
-4,741
-4% -$680K
BKLC icon
17
BNY Mellon US Large Cap Core Equity ETF
BKLC
$5.49B
$15.8M 1.6%
583,599
+3,996
+0.7% +$111K
DFAU icon
18
Dimensional US Core Equity Market ETF
DFAU
$12.4B
$12.5M 1.27%
416,900
-1,098
-0.3% -$34.2K
VWO icon
19
Vanguard FTSE Emerging Markets ETF
VWO
$121B
$10.9M 1.1%
277,481
-14,489
-5% -$591K
VO icon
20
Vanguard Morningstar Mid-Cap ETF
VO
$106B
$9.15M 0.93%
175,540
+50,884
+41% +$2.79M
BRK.B icon
21
Berkshire Hathaway Class B
BRK.B
$1.1T
$8.53M 0.86%
24,358
-335
-1% -$119K
VTV icon
22
Vanguard Morningstar Value ETF
VTV
$188B
$8.46M 0.86%
61,313
+2,700
+5% +$387K
IVV icon
23
iShares Core S&P 500 ETF
IVV
$878B
$8.22M 0.83%
19,075
+673
+4% +$301K
SCHB icon
24
Schwab US Broad Market ETF
SCHB
$43.2B
$7.32M 0.74%
438,063
+7,296
+2% +$126K
DFSV
25
Dimensional US Small Cap Value ETF
DFSV
$8.19B
$7.28M 0.74%
287,833
+84,709
+42% +$2.23M
1
2 3 4 5

Similar funds

CCM
Check Capital Management Costa Mesa, California $3.44B AUM 9.15% 1-Year Est. Return
CIA
Caledonia Investments (Australia) Sydney NSW, Australia $3.44B AUM 20.03% 1-Year Est. Return
JGC
J. Goldman & Co New York $3.44B AUM 33.8% 1-Year Est. Return
MCM
Marsico Capital Management Denver, Colorado $3.4B AUM 51.58% 1-Year Est. Return
PWP
Perfromance Wealth Partners Hinsdale, Illinois $3.45B AUM 29.14% 1-Year Est. Return
RBA
Richard Bernstein Advisors New York $3.45B AUM 16.24% 1-Year Est. Return
PCM
PAR Capital Management Boston, Massachusetts $3.45B AUM 28.5% 1-Year Est. Return
LNC
Lincoln National Corp Radnor, Pennsylvania $3.45B AUM 12.55% 1-Year Est. Return

Zhang Financial's Q3 2023 Portfolio in Review

As of Q3 2023, Zhang Financial held 255 positions worth $987M, up 1.2% from $975M the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Zhang Financial deployed $50.9M of net new capital in Q3 2023, opening 8 new positions and adding to 87 existing holdings. Its largest new stake was Avantis International Equity ETF: 24,305 shares worth $1.35M.

By sector, the portfolio is most concentrated in Technology at 6.7% of assets, down from 7.3% a quarter earlier, followed by Healthcare and Financials.

On the sell side, the largest reduction was iShares Ultra Short Duration Bond Active ETF, an estimated $2.16M trimmed.

  • Zhang Financial's largest Q3 2023 buy was Avantis International Equity ETF: 24,305 shares worth $1.35M.
  • Zhang Financial added most to Dimensional US Equity ETF in Q3 2023, an estimated $12.3M increase.
  • Zhang Financial's biggest Q3 2023 reduction was iShares Ultra Short Duration Bond Active ETF, cutting an estimated $2.16M.
  • Zhang Financial fully exited CMS Energy in Q3 2023, selling an estimated $1.37M.
  • Zhang Financial's ten largest holdings make up 53% of its $987M portfolio in Q3 2023.
  • Zhang Financial opened 8 new positions and closed 24 in Q3 2023.
  • Zhang Financial's portfolio value rose 1.2% quarter-over-quarter to $987M.

Based on Zhang Financial's 13F filing for Q3 2023, filed 11 Oct 2023.