Black Diamond Financial, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 4, 2025), Black Diamond Financial, LLC reported 145 stock positions worth $667.3 million. Its top holding was Vngrd Mrgstr MG CP VL ETF-Ui (MGV) at 13.1% of the portfolio, followed by Vngrd Mrgstr MG CP GR ETF-Ui (MGK, 8.5%) and iShares Core U.S. Aggregate (AGG, 4.9%). Compared with Q3 2024, it opened 11 new positions, sold out of 10, added to 74 and reduced 36. The biggest buy was a new position in iShares 1-5Y Inv Grade (IGSB) and the biggest sale an exit from Invesco QQQ Trust Series 1 (QQQ).
- Most Recent 13F
- Q2 2026
- Location
- TOWSON, MD
- CIK
- 0001759236
- Portfolio Value
- $667.3M (Q4 2024)
- SEC Filing
- 0001759236-25-000001 ↗ filed Feb 4, 2025
Holdings Value
Holdings 145 stocks · $667.3M
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 13.13% | 701,296 | $87.6M | Add +1.6% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 8.46% | 164,395 | $56.5M | Add +6.5% |
| AGG iShares Core U.S. Aggregate | 4.94% | 340,356 | $33.0M | Add +51.7% |
| SPTI SS SPDR P Int Term TSY ETF | 4.86% | 1,163,000 | $32.4M | Add +50.8% |
| SCHV Schwab US Large-Cap Value | 4.50% | 1,150,931 | $30.0M | Add +11.0% |
| SCHG Schwab US Large-Cap Growth | 3.67% | 879,837 | $24.5M | Add +15.3% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 3.15% | 98,881 | $21.0M | Reduce -0.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.86% | 46,439 | $19.1M | Reduce -0.6% |
| SCHX Schwab US Large-Cap ETF | 2.84% | 818,192 | $19.0M | Reduce -0.8% |
| IGIB iShares 5-10Y Inv Grade Corp. | 2.58% | 333,608 | $17.2M | Add +61.3% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 2.49% | 65,463 | $16.6M | Add +5.0% |
| SCHF Schwab Intl Equity ETF | 2.32% | 835,894 | $15.5M | Add +0.9% |
| FREL Fidelity MSCI RL Est Indx | 2.14% | 529,194 | $14.3M | Add +9.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.74% | 44,042 | $11.6M | Reduce -0.3% |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.73% | 222,699 | $11.5M | New |
| LIND Lindblad Expeditions Holding | 1.67% | 940,912 | $11.2M | Add +4.0% |
| SCHO Schwab Short-Term US Treas | 1.66% | 460,370 | $11.1M | Add +848.5% |
| MUB iShares National Muni Bond E | 1.63% | 102,064 | $10.9M | Add +58.6% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.63% | 54,868 | $10.9M | Add +4.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.38% | 54,235 | $9.2M | Add +1.5% |
| AAPL Apple Inc. | 1.29% | 34,318 | $8.6M | Add +14.6% |
| RSP Invesco S&P 500 Equal Weight | 1.27% | 48,534 | $8.5M | Reduce -6.5% |
| IMCV iShares Morningstar Mid-Cap | 1.26% | 113,392 | $8.4M | Add +8.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.21% | 33,624 | $8.1M | Reduce -0.7% |
| VEA Vanguard Ftse Developed ETF | 1.16% | 161,503 | $7.7M | Add +9.7% |
| ISCG iShares Morningstar Small-Ca | 1.11% | 150,248 | $7.4M | Add +5.5% |
| SCHM Schwab US Mid Cap ETF | 1.09% | 263,445 | $7.3M | Reduce -0.3% |
| SCHA Schwab US Small-Cap ETF | 1.09% | 280,391 | $7.3M | Reduce -0.6% |
| IEMG iShares Core MSCI Emerging | 1.00% | 128,084 | $6.7M | Add +3.6% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.90% | 77,193 | $6.0M | Reduce -12.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.85% | 19,557 | $5.7M | Add +6.1% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.80% | 19,725 | $5.3M | Add +0.0% |
| SDY SS SPDR S&P Dividend ETF | 0.80% | 40,267 | $5.3M | Reduce -6.7% |
| IVV iShares Core S&P 500 ETF | 0.74% | 8,353 | $4.9M | Add +46.5% |
| CTOS Custom Truck One Source Inc. | 0.73% | 1,012,247 | $4.9M | Reduce -29.1% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.71% | 16,852 | $4.7M | Add +1.6% |
| VOO Vanguard S&P 500 ETF | 0.67% | 8,273 | $4.5M | Add +27.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.63% | 73,311 | $4.2M | Reduce -1.2% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.61% | 25,054 | $4.1M | Add +5.6% |
| VNQ Vanguard Real Estate ETF | 0.60% | 44,957 | $4.0M | Add +8.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.60% | 8,791 | $4.0M | Add +79.8% |
| CAPR Capricor Therapeutics Inc. | 0.57% | 277,737 | $3.8M | New |
| IJR iShares Core S&P Small-Cap E | 0.44% | 25,240 | $2.9M | Reduce -1.6% |
| MSFT Microsoft Corp. | 0.42% | 6,644 | $2.8M | Add +3.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.42% | 4,749 | $2.8M | Add +22.0% |
| NVDA Nvidia Corp. | 0.39% | 19,195 | $2.6M | Add +7.8% |
| IMCG iShares Morningstar Mid-Cap | 0.38% | 33,347 | $2.5M | Add +1.1% |
| SCHH Schwab US REIT ETF | 0.37% | 117,797 | $2.5M | Add +40.6% |
| AMZN Amazon.com Inc. | 0.35% | 10,625 | $2.3M | Add +3.8% |
| GOOG Alphabet Inc. Class C | 0.29% | 10,040 | $1.9M | Add +3.7% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.28% | 36,967 | $1.9M | No change |
| USMV iShares MSCI USA Min Vol Fac | 0.27% | 20,332 | $1.8M | No change |
| JPM JPMorgan Chase & Co. | 0.27% | 7,463 | $1.8M | Reduce -1.4% |
| XLK SS Technology Select Sector | 0.26% | 7,587 | $1.8M | No change |
| LLY Eli Lilly & Co. | 0.26% | 2,210 | $1.7M | Add +42.7% |
| SRLN SS Blackstone Sr Loan ETF | 0.24% | 38,736 | $1.6M | Reduce -5.3% |
| VIG Vanguard Dividend Apprec ETF | 0.23% | 7,960 | $1.6M | Add +1.9% |
| IEFA iShares Core MSCI Eafe ETF | 0.21% | 20,212 | $1.4M | Add +37.2% |
| CEG Constellation Energy | 0.17% | 5,129 | $1.1M | Add +0.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.17% | 25,143 | $1.1M | Add +0.0% |
| GOOGL Alphabet Inc. Class A | 0.17% | 5,835 | $1.1M | Add +5.0% |
| VGT Vanguard Info Tech ETF | 0.16% | 1,728 | $1.1M | Reduce -7.1% |
| VWO Vanguard Ftse Emerging Marke | 0.16% | 23,843 | $1.1M | No change |
| PG The Procter & Gamble Co. | 0.15% | 6,161 | $1.0M | Add +74.8% |
| TSLA Tesla Inc. | 0.15% | 2,414 | $975K | Reduce -12.1% |
| GLD SPDR Gold Shares | 0.13% | 3,671 | $889K | Reduce -0.7% |
| MCK McKesson Corp. | 0.13% | 1,525 | $869K | No change |
| META Meta Platforms Inc. Class A | 0.12% | 1,379 | $808K | Add +7.8% |
| VTIP Vanguard Short-Term Tips | 0.11% | 15,476 | $749K | Reduce -6.5% |
| ISCV iShares Morningstar Small-Ca | 0.11% | 11,441 | $725K | Add +2.3% |
| PEP Pepsico Inc. | 0.11% | 4,670 | $710K | Add +6.5% |
| SYK Stryker Corp. | 0.10% | 1,862 | $670K | No change |
| XOM Exxon Mobil Corp. | 0.10% | 6,212 | $668K | Reduce -1.2% |
| HDV iShares Core High Dividend E | 0.10% | 5,865 | $658K | No change |
| UNH Unitedhealth Group Inc. | 0.10% | 1,272 | $643K | Add +4.2% |
| CVX Chevron Corp. | 0.10% | 4,378 | $634K | Add +127.3% |
| V Visa Inc. Class A | 0.09% | 1,982 | $626K | Add +11.7% |
| SHV iShares 0-1 Year Treasury Bo | 0.09% | 5,535 | $609K | Add +5.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.09% | 2,704 | $594K | New |
| IBIT iShares Bitcoin Trust ETF | 0.09% | 11,097 | $589K | Add +15.6% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.09% | 8,090 | $572K | No change |
| MA Mastercard Inc. Class A | 0.09% | 1,080 | $569K | Add +18.4% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.08% | 16,214 | $553K | New |
| EXC Exelon Corp. | 0.08% | 14,144 | $532K | Reduce -0.0% |
| IWB iShares Russell 1000 ETF | 0.08% | 1,618 | $521K | No change |
| PWR Quanta Services Inc. | 0.08% | 1,628 | $515K | Add +1.2% |
| WMT Walmart Inc. | 0.08% | 5,616 | $507K | Add +7.9% |
| MRK Merck & Co. Inc. | 0.08% | 5,097 | $507K | Add +26.8% |
| VYM Vanguard High DVD Yield ETF | 0.07% | 3,908 | $499K | Add +0.4% |
| CSX CSX Corp. | 0.07% | 15,162 | $489K | Reduce -0.2% |
| COST Costco Wholesale Corp. | 0.07% | 522 | $478K | Reduce -11.8% |
| IAU iShares Gold Trust | 0.07% | 9,644 | $477K | Add +0.6% |
| SSB Southstate Bank Corp. | 0.07% | 4,704 | $468K | No change |
| VOOG Vanguard S&P 500 Growth ETF | 0.07% | 1,263 | $462K | No change |
| PLD Prologis Inc. | 0.07% | 4,246 | $449K | Add +2.2% |
| LOW Lowe's Cos Inc. | 0.07% | 1,815 | $448K | Add +10.7% |
| SCHB Schwab US Broad Market ETF | 0.06% | 18,083 | $410K | Add +7.5% |
| IJH iShares Core S&P Midcap ETF | 0.06% | 6,565 | $409K | Add +71.0% |
| JNJ Johnson & Johnson | 0.06% | 2,794 | $404K | Reduce -3.1% |
| MDY State Street SPDR S&P Midcap | 0.06% | 702 | $400K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $587 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| LVWR.WS Livewire Group Inc.-27 | *W EXP 09/26/202 | 11,500 | $587 | No change |
Total filed on the 13F, all lines: $667.3M.
Portfolio Sells Q3 2024 → Q4 2024
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.43 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | Reduce -0.8% | 3.15% | −0.35 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.8% | 2.84% | −0.32 |
| RSP Invesco S&P 500 Equal Weight | Reduce -6.5% | 1.27% | −0.30 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -12.3% | 0.90% | −0.28 |
| CTOS Custom Truck One Source Inc. | Reduce -29.1% | 0.73% | −0.25 |
| SDY SS SPDR S&P Dividend ETF | Reduce -6.7% | 0.80% | −0.24 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.3% | 1.74% | −0.23 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.6% | 2.86% | −0.19 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -1.2% | 0.63% | −0.16 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -0.7% | 1.21% | −0.15 |
| SCHM Schwab US Mid Cap ETF | Reduce -0.3% | 1.09% | −0.15 |
| SCHA Schwab US Small-Cap ETF | Reduce -0.6% | 1.09% | −0.15 |
| IJR iShares Core S&P Small-Cap E | Reduce -1.6% | 0.44% | −0.07 |
| RTX RTX Corp. | Sold out | 0.00% | −0.07 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.05 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -5.3% | 0.24% | −0.05 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.04 |
| SCHZ Schwab US Aggregate Bond ETF | Sold out | 0.00% | −0.04 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.04 |
| ES Eversource Energy | Sold out | 0.00% | −0.04 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.04 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.03 |
| MET Metlife Inc. | Sold out | 0.00% | −0.03 |
| VTIP Vanguard Short-Term Tips | Reduce -6.5% | 0.11% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -1.2% | 0.10% | −0.03 |
| XLV SS Health Care Select Sector | Reduce -27.0% | 0.03% | −0.02 |
| VGT Vanguard Info Tech ETF | Reduce -7.1% | 0.16% | −0.02 |
| GLD SPDR Gold Shares | Reduce -0.7% | 0.13% | −0.02 |
| JNJ Johnson & Johnson | Reduce -3.1% | 0.06% | −0.02 |
| VDE Vanguard Energy ETF | Reduce -19.8% | 0.04% | −0.02 |
| EXC Exelon Corp. | Reduce -0.0% | 0.08% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -11.8% | 0.07% | −0.02 |
| CAT Caterpillar Inc. | Reduce -10.2% | 0.05% | −0.02 |
| CSX CSX Corp. | Reduce -0.2% | 0.07% | −0.02 |
| DHR Danaher Corp. | Reduce -5.7% | 0.03% | −0.01 |
| HON Honeywell International Inc. | Reduce -17.6% | 0.05% | −0.01 |
| UNP Union Pacific Corp. | Reduce -4.4% | 0.05% | −0.01 |
| EVRG Evergy Inc. | Reduce -14.0% | 0.04% | −0.01 |
| ORLY O'reilly Automotive Inc. | Reduce -17.3% | 0.04% | −0.01 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -7.5% | 0.04% | −0.01 |
| SCHC Schwab Intl Small-Cap Equity | Reduce -0.9% | 0.03% | −0.01 |
| HD Home Depot Inc. | Reduce -0.6% | 0.05% | −0.01 |
| XLF SS Financial Select Sector | Reduce -10.1% | 0.05% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -1.4% | 0.27% | −0.00 |
| TSLA Tesla Inc. | Reduce -12.1% | 0.15% | +0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| IGSB iShares 1-5Y Inv Grade Corp. | New | 1.73% | +1.73 |
| SCHO Schwab Short-Term US Treas | Add +848.5% | 1.66% | +1.46 |
| AGG iShares Core U.S. Aggregate | Add +51.7% | 4.94% | +1.08 |
| SPTI SS SPDR P Int Term TSY ETF | Add +50.8% | 4.86% | +1.05 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +61.3% | 2.58% | +0.68 |
| CAPR Capricor Therapeutics Inc. | New | 0.57% | +0.57 |
| MUB iShares National Muni Bond E | Add +58.6% | 1.63% | +0.40 |
| SCHG Schwab US Large-Cap Growth | Add +15.3% | 3.67% | +0.28 |
| LIND Lindblad Expeditions Holding | Add +4.0% | 1.67% | +0.25 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +79.8% | 0.60% | +0.22 |
| IVV iShares Core S&P 500 ETF | Add +46.5% | 0.74% | +0.18 |
| AAPL Apple Inc. | Add +14.6% | 1.29% | +0.10 |
| IBM Intl Business Machines Corp. | New | 0.09% | +0.09 |
| VOO Vanguard S&P 500 ETF | Add +27.2% | 0.67% | +0.09 |
| SPDW Ste STR SPDR PT DW Eu ETF | New | 0.08% | +0.08 |
| PG The Procter & Gamble Co. | Add +74.8% | 0.15% | +0.05 |
| CVX Chevron Corp. | Add +127.3% | 0.10% | +0.05 |
| SPEM State Street SP PTF Em ETF | New | 0.05% | +0.05 |
| MSTR Strategy Inc. | New | 0.04% | +0.04 |
| AVGO Broadcom Inc. | New | 0.04% | +0.04 |
| SCHH Schwab US REIT ETF | Add +40.6% | 0.37% | +0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +22.0% | 0.42% | +0.04 |
| CMI Cummins Inc. | New | 0.04% | +0.04 |
| BND Vanguard Total Bond Market | New | 0.03% | +0.03 |
| PGR Progressive Corp. | New | 0.03% | +0.03 |
| SPG Simon Property Group Inc. | New | 0.03% | +0.03 |
| IBIT iShares Bitcoin Trust ETF | Add +15.6% | 0.09% | +0.03 |
| AMZN Amazon.com Inc. | Add +3.8% | 0.35% | +0.03 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +6.5% | 8.46% | +0.02 |
| LLY Eli Lilly & Co. | Add +42.7% | 0.26% | +0.02 |
| IJH iShares Core S&P Midcap ETF | Add +71.0% | 0.06% | +0.02 |
| NVDA Nvidia Corp. | Add +7.8% | 0.39% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | Add +37.2% | 0.21% | +0.02 |
| GOOG Alphabet Inc. Class C | Add +3.7% | 0.29% | +0.01 |
| V Visa Inc. Class A | Add +11.7% | 0.09% | +0.01 |
| VSS Vanguard Ftse All Wo X-US SC | Add +55.3% | 0.05% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +5.0% | 0.17% | +0.01 |
| MA Mastercard Inc. Class A | Add +18.4% | 0.09% | +0.01 |
| ABBV Abbvie Inc. | Add +42.1% | 0.06% | +0.01 |
| WFC Wells Fargo & Co. | Add +3.2% | 0.05% | +0.01 |
| ROST Ross Stores Inc. | Add +27.7% | 0.04% | +0.00 |
| WMT Walmart Inc. | Add +7.9% | 0.08% | +0.00 |
| CORT Corcept Therapeutics Inc. | Add +4.0% | 0.04% | 0.00 |
| QUAL iShares MSCI USA Quality Fac | Add +13.8% | 0.04% | −0.00 |
| BX Blackstone Inc. | Add +0.1% | 0.04% | −0.00 |
| MRK Merck & Co. Inc. | Add +26.8% | 0.08% | −0.00 |
| SCHB Schwab US Broad Market ETF | Add +7.5% | 0.06% | −0.00 |
| META Meta Platforms Inc. Class A | Add +7.8% | 0.12% | −0.00 |
| BAC Bank of America Corp. | Add +0.0% | 0.17% | −0.00 |
| YUM Yum! Brands Inc. | Add +8.7% | 0.05% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 197 | $1.1B | MGV, MGK, SCHV, SCHG, AGG |
| Q1 2026 | 184 | $916.5M | MGV, MGK, AGG, SCHV, SPTI |
| Q4 2025 | 175 | $948.6M | MGV, MGK, VUG, AGG, SPTI |
| Q3 2025 | 160 | $892.5M | MGV, MGK, VUG, AGG, SPTI |
| Q2 2025 | 143 | $643.9M | MGV, MGK, AGG, SPTI, SCHV |
| Q1 2025 | 145 | $665.9M | MGV, MGK, AGG, SPTI, SCHV |
| Q4 2024 | 145 | $667.3M | MGV, MGK, AGG, SPTI, SCHV |
| Q3 2024 | 144 | $589.1M | MGV, MGK, SCHV, AGG, SPTI |
| Q2 2024 | 138 | $517.9M | MGV, MGK, SCHV, MGC, AGG |
| Q1 2024 | 114 | $370.0M | MGV, MGK, SCHV, MGC, SCHX |