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ZF

Zhang Financial Portfolio holdings

AUM $2.89B
1-Year Est. Return 18.44%
This Fund
S&P 500
This Quarter Est. Return
+2.55%
1 Year Est. Return
+18.44%
3 Year Est. Return
+56.82%
5 Year Est. Return
+60.88%
10 Year Est. Return
+187.88%
AUM
$2.68B
AUM Growth
+$220M
Cap. Flow
+$163M
Cap. Flow %
6.1%
Top 10 Hldgs %
49.81%
Holding
348
New
32
Increased
183
Reduced
74
Closed
9

Top Buys

Rank Stock Value
1
BIV icon
Vanguard Intermediate-Term Bond ETF
BIV
+$30M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$16.7M
3
VCRB icon
Vanguard Core Bond ETF
VCRB
+$15.8M
4
ITOT icon
iShares Core S&P Total US Stock Market ETF
ITOT
+$12.1M
5
VXUS icon
Vanguard Total International Stock ETF
VXUS
+$10.4M

Top Sells

Rank Stock Value
1
AXP icon
American Express
AXP
+$4.44M
2
PH icon
Parker-Hannifin
PH
+$2.16M
3
AMAT icon
Applied Materials
AMAT
+$2.1M
4
VBR icon
Vanguard Small-Cap Value ETF
VBR
+$1.95M
5
SYK icon
Stryker
SYK
+$1.32M

Sector Composition

Rank Sector Weight
1 Technology 6.4%
2 Healthcare 2.74%
3 Financials 2.1%
4 Communication Services 1.39%
5 Consumer Discretionary 1.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VOO icon
1
Vanguard S&P 500 ETF
VOO
$974B
$195M 7.27%
310,861
+7,705
+3% +$4.79M
VTI icon
2
Vanguard Total Stock Market ETF
VTI
$658B
$184M 6.85%
547,888
-2,070
-0.4% -$689K
DFUS
3
Dimensional US Equity ETF
DFUS
$20.8B
$179M 6.69%
2,417,863
+14,494
+0.6% +$1.06M
ITOT icon
4
iShares Core S&P Total US Stock Market ETF
ITOT
$93.7B
$156M 5.83%
1,051,877
+81,977
+8% +$12.1M
VXUS icon
5
Vanguard Total International Stock ETF
VXUS
$153B
$142M 5.29%
1,880,287
+139,713
+8% +$10.4M
DFAC icon
6
Dimensional US Core Equity 2 ETF
DFAC
$47.4B
$131M 4.9%
3,321,411
+30,820
+0.9% +$1.2M
BIV icon
7
Vanguard Intermediate-Term Bond ETF
BIV
$29.1B
$118M 4.41%
1,520,153
+383,659
+34% +$30M
VT icon
8
Vanguard Total World Stock ETF
VT
$76.6B
$101M 3.77%
716,978
+4,358
+0.6% +$609K
DFAI
9
Dimensional International Core Equity Market ETF
DFAI
$17B
$69.5M 2.59%
1,824,816
+39,270
+2% +$1.46M
AAPL icon
10
Apple
AAPL
$4.9T
$58.9M 2.2%
216,708
+11,749
+6% +$3.15M
BND icon
11
Vanguard Total Bond Market
BND
$159B
$51.2M 1.91%
691,645
+59,809
+9% +$4.45M
VBR icon
12
Vanguard Small-Cap Value ETF
VBR
$37.1B
$48M 1.79%
226,870
-9,337
-4% -$1.95M
AGG icon
13
iShares Core US Aggregate Bond ETF
AGG
$139B
$45.5M 1.7%
455,781
+166,678
+58% +$16.7M
VYM icon
14
Vanguard High Dividend Yield ETF
VYM
$80B
$45.1M 1.68%
314,048
-2,940
-0.9% -$418K
BKLC icon
15
BNY Mellon US Large Cap Core Equity ETF
BKLC
$5.39B
$40.9M 1.52%
312,336
+3,888
+1% +$505K
SYK icon
16
Stryker
SYK
$123B
$38.8M 1.45%
110,348
-3,632
-3% -$1.32M
IAU icon
17
iShares Gold Trust
IAU
$62.4B
$38.4M 1.43%
473,420
-2,175
-0.5% -$170K
AVDE icon
18
Avantis International Equity ETF
AVDE
$17.4B
$33.1M 1.23%
402,208
+61,939
+18% +$4.97M
MSFT icon
19
Microsoft
MSFT
$2.93T
$32.9M 1.23%
67,928
+4,982
+8% +$2.5M
DFAU icon
20
Dimensional US Core Equity Market ETF
DFAU
$12.3B
$31.5M 1.18%
673,569
+17,657
+3% +$818K
VCSH icon
21
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.8B
$30.5M 1.14%
382,608
+31,581
+9% +$2.52M
NVDA icon
22
NVIDIA
NVDA
$4.91T
$27.1M 1.01%
145,355
+2,326
+2% +$433K
VO icon
23
Vanguard Mid-Cap ETF
VO
$106B
$26.8M 1%
369,416
+19,224
+5% +$1.4M
VUG icon
24
Vanguard Growth ETF
VUG
$221B
$24.8M 0.92%
304,782
+93,330
+44% +$7.57M
AVUS icon
25
Avantis US Equity ETF
AVUS
$13.8B
$23.8M 0.89%
212,973
+59,260
+39% +$6.53M
1
2 3 4 5

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NRCM
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PFM
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CWM
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BAM
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DMIC
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Zhang Financial's Q4 2025 Portfolio in Review

As of Q4 2025, Zhang Financial held 348 positions worth $2.68B, up 8.9% from $2.46B the previous quarter. Its ten largest holdings account for 50% of the portfolio.

Zhang Financial deployed $163M of net new capital in Q4 2025, opening 32 new positions and adding to 183 existing holdings. Its largest new stake was Vanguard Ultra-Short Treasury ETF: 21,399 shares worth $1.61M.

By sector, the portfolio is most concentrated in Technology at 6.4% of assets, down from 6.4% a quarter earlier, followed by Healthcare and Financials.

On the sell side, the largest reduction was Parker-Hannifin, an estimated $2.16M trimmed.

  • Zhang Financial's largest Q4 2025 buy was Vanguard Ultra-Short Treasury ETF: 21,399 shares worth $1.61M.
  • Zhang Financial added most to Vanguard Intermediate-Term Bond ETF in Q4 2025, an estimated $30M increase.
  • Zhang Financial's biggest Q4 2025 reduction was Parker-Hannifin, cutting an estimated $2.16M.
  • Zhang Financial fully exited American Express in Q4 2025, selling an estimated $4.44M.
  • Zhang Financial's ten largest holdings make up 50% of its $2.68B portfolio in Q4 2025.
  • Zhang Financial opened 32 new positions and closed 9 in Q4 2025.
  • Zhang Financial's portfolio value rose 8.9% quarter-over-quarter to $2.68B.

Based on Zhang Financial's 13F filing for Q4 2025, filed 10 Feb 2026.