Black Diamond Financial, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 9, 2024), Black Diamond Financial, LLC reported 138 stock positions worth $517.9 million. Its top holding was Vngrd Mrgstr MG CP VL ETF-Ui (MGV) at 14.1% of the portfolio, followed by Vngrd Mrgstr MG CP GR ETF-Ui (MGK, 8.5%) and Schwab US Large-Cap Value (SCHV, 4.5%). Compared with Q1 2024, it opened 27 new positions, sold out of 3, added to 72 and reduced 21. The biggest buy was a new position in iShares Core U.S. Aggregate (AGG) and the biggest sale Schwab US Large-Cap ETF (SCHX, shares −3%).

Most Recent 13F
Q2 2026
Location
TOWSON, MD
CIK
0001759236
Portfolio Value
$517.9M (Q2 2024)
SEC Filing
0001759236-24-000004 ↗ filed Aug 9, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $370.0M Q1 2024 Q2 2024: $517.9M $517.9M Q2 2024 Q3 2024: $589.1M Q3 2024 Q4 2024: $667.3M Q4 2024 Q1 2025: $665.9M Q1 2025 Q2 2025: $643.9M Q2 2025 Q3 2025: $892.5M Q3 2025 Q4 2025: $948.6M Q4 2025 Q1 2026: $916.5M Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 138 stocks · $517.9M
MGV Vngrd Mrgstr MG CP VL ETF-Ui 14.12% 616,892 $73.1M Add +8.7%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 8.47% 139,636 $43.9M Add +2.9%
SCHV Schwab US Large-Cap Value 4.48% 312,884 $23.2M Add +22.3%
MGC Vngrd Mrngstr MG Cap ETF-Usd 3.81% 100,009 $19.7M Reduce -2.8%
AGG iShares Core U.S. Aggregate 3.67% 195,731 $19.0M New
SPTI SS SPDR P Int Term TSY ETF 3.64% 673,210 $18.9M Add +2917.9%
SCHG Schwab US Large-Cap Growth 3.45% 177,210 $17.9M Add +18.4%
SCHX Schwab US Large-Cap ETF 3.44% 277,037 $17.8M Reduce -3.2%
VUG Vanguard Mrngstar GR ETF-Sui 3.41% 47,189 $17.6M Reduce -0.5%
SCHF Schwab Intl Equity ETF 2.41% 324,799 $12.5M Add +15.7%
VOT Vngrd Mrngstr MC GRW ETF-Usd 2.36% 53,218 $12.2M Add +18.7%
FREL Fidelity MSCI RL Est Indx 2.13% 434,473 $11.0M Add +31.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 2.06% 44,098 $10.7M Add +32.2%
IGIB iShares 5-10Y Inv Grade Corp. 1.84% 186,050 $9.5M New
LIND Lindblad Expeditions Holding 1.69% 904,452 $8.7M No change
VTV Vanguard Mrngstr Val ETF-Aui 1.66% 53,473 $8.6M Add +5.5%
RSP Invesco S&P 500 Equal Weight 1.65% 51,912 $8.5M Add +1166.2%
VB Vanguard Most SM-Cap ETF-Usd 1.43% 34,039 $7.4M Add +0.1%
VBR Vngrd Mrngst SL-CP Val ETF-U 1.41% 40,065 $7.3M Add +27.8%
VEA Vanguard Ftse Developed ETF 1.41% 147,358 $7.3M Add +15.9%
SCHM Schwab US Mid Cap ETF 1.33% 88,614 $6.9M Add +0.1%
SCHA Schwab US Small-Cap ETF 1.33% 144,973 $6.9M Add +5.2%
MUB iShares National Muni Bond E 1.31% 63,495 $6.8M New
VCSH Vanguard S/T Corp. Bond ETF 1.30% 87,215 $6.7M Reduce -16.9%
IMCV iShares Morningstar Mid-Cap 1.26% 93,091 $6.5M Add +23.7%
AAPL Apple Inc. 1.17% 28,762 $6.1M Add +5.3%
IEMG iShares Core MSCI Emerging 1.14% 109,999 $5.9M Add +27.5%
SDY SS SPDR S&P Dividend ETF 1.06% 43,147 $5.5M Add +500.3%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.96% 19,913 $5.0M Reduce -0.3%
ISCG iShares Morningstar Small-Ca 0.89% 101,735 $4.6M Add +19.9%
VEU Vanguard Ftse All-World Ex-U 0.84% 74,608 $4.4M Reduce -0.9%
VTI VG Morningstar TS MKT ETF-US 0.81% 15,699 $4.2M Add +12.4%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.80% 16,590 $4.1M Add +0.9%
NOBL Proshares S&P 500 Dividend A 0.66% 35,462 $3.4M New
VOE Vngrd Mrngstr MD-Cap Val ETF 0.66% 22,556 $3.4M Add +1.4%
GLD SPDR Gold Shares 0.63% 15,189 $3.3M Add +722.4%
BRK.B Berkshire Hathaway Inc. Class B 0.62% 7,885 $3.2M Add +76.0%
IVV iShares Core S&P 500 ETF 0.60% 5,666 $3.1M Add +1.1%
VNQ Vanguard Real Estate ETF 0.59% 36,580 $3.1M Reduce -4.1%
MDY State Street SPDR S&P Midcap 0.54% 5,264 $2.8M Add +649.9%
IJR iShares Core S&P Small-Cap E 0.53% 25,825 $2.8M Reduce -2.0%
MSFT Microsoft Corp. 0.51% 5,872 $2.6M Add +37.7%
QQQ Invesco QQQ Trust Series 1 0.48% 5,184 $2.5M Add +8.0%
VOO Vanguard S&P 500 ETF 0.45% 4,626 $2.3M Add +0.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.42% 3,981 $2.2M Add +1.1%
IMCG iShares Morningstar Mid-Cap 0.41% 31,636 $2.1M Add +4.5%
AMZN Amazon.com Inc. 0.36% 9,695 $1.9M Add +15.4%
VTEB Vanguard Tax-Exempt Bond ETF 0.36% 36,967 $1.9M No change
SRLN SS Blackstone Sr Loan ETF 0.33% 40,908 $1.7M Reduce -4.4%
USMV iShares MSCI USA Min Vol Fac 0.33% 20,332 $1.7M Add +4.4%
GOOG Alphabet Inc. Class C 0.33% 9,253 $1.7M Add +13.9%
SCHH Schwab US REIT ETF 0.32% 82,760 $1.7M Reduce -4.1%
XLK SS Technology Select Sector 0.29% 6,603 $1.5M No change
LLY Eli Lilly & Co. 0.27% 1,522 $1.4M Add +41.1%
NVDA Nvidia Corp. 0.26% 10,840 $1.3M Add +20.0%
JPM JPMorgan Chase & Co. 0.24% 6,221 $1.3M Add +9.6%
IEFA iShares Core MSCI Eafe ETF 0.21% 14,735 $1.1M Add +0.0%
VWO Vanguard Ftse Emerging Marke 0.21% 24,434 $1.1M Reduce -3.8%
SCHO Schwab Short-Term US Treas 0.20% 21,001 $1.0M Reduce -4.5%
CEG Constellation Energy 0.19% 4,898 $981K Add +6.6%
VIG Vanguard Dividend Apprec ETF 0.19% 5,252 $959K Add +19.6%
GOOGL Alphabet Inc. Class A 0.18% 5,140 $936K Add +29.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.18% 23,032 $916K Add +6.5%
XLB SS Materials Select Sector 0.17% 10,219 $902K New
VGT Vanguard Info Tech ETF 0.17% 1,528 $881K Add +5.2%
MCK McKesson Corp. 0.17% 1,506 $880K Add +2.2%
VTIP Vanguard Short-Term Tips 0.16% 16,970 $824K Reduce -0.4%
IXC iShares Global Energy ETF 0.14% 17,961 $746K New
PSLV Sprott Physical Silver Trust 0.14% 74,000 $735K New
PEP Pepsico Inc. 0.14% 4,385 $723K Reduce -1.6%
PHYS Sprott Physical Gold Trust 0.13% 36,800 $665K New
ISCV iShares Morningstar Small-Ca 0.13% 11,297 $654K Add +3.8%
TSLA Tesla Inc. 0.12% 3,258 $645K Add +16.6%
HDV iShares Core High Dividend E 0.12% 5,865 $638K No change
UNH Unitedhealth Group Inc. 0.12% 1,240 $632K Add +21.1%
CTOS Custom Truck One Source Inc. 0.12% 141,735 $617K Add +16.5%
XOM Exxon Mobil Corp. 0.11% 5,051 $582K Add +129.9%
PG The Procter & Gamble Co. 0.11% 3,480 $574K Add +13.2%
META Meta Platforms Inc. Class A 0.11% 1,126 $568K Reduce -0.3%
EFAV iShares MSCI Eafe Min Vol Fa 0.11% 8,090 $561K No change
CSX CSX Corp. 0.10% 15,219 $509K Add +8.8%
MRK Merck & Co. Inc. 0.10% 4,018 $497K Add +15.7%
SHV iShares 0-1 Year Treasury Bo 0.09% 4,437 $490K Reduce -1.3%
SSB Southstate Bank Corp. 0.09% 6,391 $488K No change
EXC Exelon Corp. 0.09% 14,067 $487K Add +2.0%
IWB iShares Russell 1000 ETF 0.09% 1,618 $481K Add +96.4%
COST Costco Wholesale Corp. 0.09% 557 $474K Add +53.4%
PLD Prologis Inc. 0.09% 4,150 $466K Add +3.2%
V Visa Inc. Class A 0.09% 1,751 $460K Add +59.3%
VYM Vanguard High DVD Yield ETF 0.08% 3,577 $424K Add +26.6%
IAU iShares Gold Trust 0.08% 9,584 $421K Reduce -16.4%
HON Honeywell International Inc. 0.08% 1,943 $415K Add +1.0%
MA Mastercard Inc. Class A 0.08% 937 $413K Add +55.6%
PWR Quanta Services Inc. 0.08% 1,608 $409K Add +0.9%
JNJ Johnson & Johnson 0.08% 2,747 $401K Add +86.4%
SCHB Schwab US Broad Market ETF 0.08% 6,290 $395K Add +8.9%
VDE Vanguard Energy ETF 0.07% 3,002 $383K Reduce -36.4%
WSC Willscot Holdings Corp. 0.07% 10,000 $376K New
URA Global X Uranium ETF 0.07% 12,901 $373K New
IBIT iShares Bitcoin Trust ETF 0.07% 10,218 $349K New

Show all 138 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $2K (not counted above)
SecurityClassShares / PrincipalValueChange
LVWR.WS Livewire Group Inc.-27 *W EXP 09/26/202 11,500$2KNo change

Total filed on the 13F, all lines: $517.9M.

Portfolio Sells Q1 2024 → Q2 2024
SCHX Schwab US Large-Cap ETF Reduce -3.2% 3.44% −0.93
MGC Vngrd Mrngstr MG Cap ETF-Usd Reduce -2.8% 3.81% −0.90
VCSH Vanguard S/T Corp. Bond ETF Reduce -16.9% 1.30% −0.89
VUG Vanguard Mrngstar GR ETF-Sui Reduce -0.5% 3.41% −0.58
VNQ Vanguard Real Estate ETF Reduce -4.1% 0.59% −0.32
VEU Vanguard Ftse All-World Ex-U Reduce -0.9% 0.84% −0.30
IJR iShares Core S&P Small-Cap E Reduce -2.0% 0.53% −0.24
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -0.3% 0.96% −0.22
SCHH Schwab US REIT ETF Reduce -4.1% 0.32% −0.16
SRLN SS Blackstone Sr Loan ETF Reduce -4.4% 0.33% −0.15
SCHO Schwab Short-Term US Treas Reduce -4.5% 0.20% −0.09
VDE Vanguard Energy ETF Reduce -36.4% 0.07% −0.08
VWO Vanguard Ftse Emerging Marke Reduce -3.8% 0.21% −0.08
PEP Pepsico Inc. Reduce -1.6% 0.14% −0.07
VTIP Vanguard Short-Term Tips Reduce -0.4% 0.16% −0.06
UNP Union Pacific Corp. Reduce -19.8% 0.07% −0.06
VGSH Vanguard Short-Term Treasury Sold out 0.00% −0.06
DE Deere & Co. Sold out 0.00% −0.06
TIP iShares Tips Bond ETF Sold out 0.00% −0.05
IAU iShares Gold Trust Reduce -16.4% 0.08% −0.04
SHV iShares 0-1 Year Treasury Bo Reduce -1.3% 0.09% −0.04
SCHC Schwab Intl Small-Cap Equity Reduce -3.1% 0.05% −0.02
DIA SS SPDR Dow Jones Indus Avg Reduce -0.3% 0.05% −0.02
META Meta Platforms Inc. Class A Reduce -0.3% 0.11% +0.00

Portfolio Buys Q1 2024 → Q2 2024
AGG iShares Core U.S. Aggregate New 3.67% +3.67
SPTI SS SPDR P Int Term TSY ETF Add +2917.9% 3.64% +3.47
IGIB iShares 5-10Y Inv Grade Corp. New 1.84% +1.84
RSP Invesco S&P 500 Equal Weight Add +1166.2% 1.65% +1.47
MUB iShares National Muni Bond E New 1.31% +1.31
SDY SS SPDR S&P Dividend ETF Add +500.3% 1.06% +0.82
NOBL Proshares S&P 500 Dividend A New 0.66% +0.66
GLD SPDR Gold Shares Add +722.4% 0.63% +0.54
MDY State Street SPDR S&P Midcap Add +649.9% 0.54% +0.45
BRK.B Berkshire Hathaway Inc. Class B Add +76.0% 0.62% +0.19
XLB SS Materials Select Sector New 0.17% +0.17
IXC iShares Global Energy ETF New 0.14% +0.14
PSLV Sprott Physical Silver Trust New 0.14% +0.14
NVDA Nvidia Corp. Add +20.0% 0.26% +0.14
PHYS Sprott Physical Gold Trust New 0.13% +0.13
LLY Eli Lilly & Co. Add +41.1% 0.27% +0.10
SCHG Schwab US Large-Cap Growth Add +18.4% 3.45% +0.09
MSFT Microsoft Corp. Add +37.7% 0.51% +0.07
WSC Willscot Holdings Corp. New 0.07% +0.07
URA Global X Uranium ETF New 0.07% +0.07
IBIT iShares Bitcoin Trust ETF New 0.07% +0.07
XLI SS Industrial Select Sector New 0.06% +0.06
CVX Chevron Corp. New 0.06% +0.06
RTX RTX Corp. New 0.05% +0.05
CEF Sprott Physical Gold and Sil New 0.05% +0.05
DHR Danaher Corp. New 0.05% +0.05
XOM Exxon Mobil Corp. Add +129.9% 0.11% +0.05
KNX Knight-Swift Transportation New 0.05% +0.05
WMT Walmart Inc. New 0.05% +0.05
CAT Caterpillar Inc. New 0.04% +0.04
CEG Constellation Energy Add +6.6% 0.19% +0.04
WFC Wells Fargo & Co. New 0.04% +0.04
IJH iShares Core S&P Midcap ETF New 0.04% +0.04
VZ Verizon Communications Inc. New 0.04% +0.04
SCHZ Schwab US Aggregate Bond ETF New 0.04% +0.04
QUAL iShares MSCI USA Quality Fac New 0.04% +0.04
ROST Ross Stores Inc. New 0.04% +0.04
XLU St Sr Utl SL SE SPDR ETF-Usd New 0.04% +0.04
IWB iShares Russell 1000 ETF Add +96.4% 0.09% +0.03
GOOGL Alphabet Inc. Class A Add +29.0% 0.18% +0.03
COST Costco Wholesale Corp. Add +53.4% 0.09% +0.03
NMRK Newmark Group Inc. Class A New 0.02% +0.02
GOOG Alphabet Inc. Class C Add +13.9% 0.33% +0.02
AMZN Amazon.com Inc. Add +15.4% 0.36% +0.02
JNJ Johnson & Johnson Add +86.4% 0.08% +0.02
V Visa Inc. Class A Add +59.3% 0.09% +0.01
MA Mastercard Inc. Class A Add +55.6% 0.08% +0.01
IWF iShares Russell 1000 Growth Add +33.1% 0.07% +0.01
XLV SS Health Care Select Sector Add +29.0% 0.06% −0.00
ABBV Abbvie Inc. Add +18.9% 0.05% −0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 197$1.1BMGV, MGK, SCHV, SCHG, AGG
Q1 2026 184$916.5MMGV, MGK, AGG, SCHV, SPTI
Q4 2025 175$948.6MMGV, MGK, VUG, AGG, SPTI
Q3 2025 160$892.5MMGV, MGK, VUG, AGG, SPTI
Q2 2025 143$643.9MMGV, MGK, AGG, SPTI, SCHV
Q1 2025 145$665.9MMGV, MGK, AGG, SPTI, SCHV
Q4 2024 145$667.3MMGV, MGK, AGG, SPTI, SCHV
Q3 2024 144$589.1MMGV, MGK, SCHV, AGG, SPTI
Q2 2024 138$517.9MMGV, MGK, SCHV, MGC, AGG
Q1 2024 114$370.0MMGV, MGK, SCHV, MGC, SCHX