Black Diamond Financial, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 5, 2026), Black Diamond Financial, LLC reported 184 stock positions worth $916.5 million. Its top holding was Vngrd Mrgstr MG CP VL ETF-Ui (MGV) at 11.7% of the portfolio, followed by Vngrd Mrgstr MG CP GR ETF-Ui (MGK, 8.4%) and iShares Core U.S. Aggregate (AGG, 4.9%). Compared with Q4 2025, it opened 20 new positions, sold out of 11, added to 91 and reduced 54. The biggest buy was a new position in Invesco QQQ Trust Series 1 (QQQ) and the biggest sale Vanguard Mrngstar GR ETF-Sui (VUG, shares −26%).
- Most Recent 13F
- Q2 2026
- Location
- TOWSON, MD
- CIK
- 0001759236
- Portfolio Value
- $916.5M (Q1 2026)
- SEC Filing
- 0001759236-26-000002 ↗ filed May 5, 2026
Holdings Value
Holdings 184 stocks · $916.5M
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 11.66% | 737,261 | $106.9M | Reduce -5.1% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 8.36% | 208,474 | $76.6M | Reduce -5.4% |
| AGG iShares Core U.S. Aggregate | 4.87% | 449,571 | $44.6M | Add +5.3% |
| SCHV Schwab US Large-Cap Value | 4.70% | 1,411,012 | $43.0M | Add +3.3% |
| SPTI SS SPDR P Int Term TSY ETF | 4.65% | 1,487,097 | $42.6M | Add +4.8% |
| SCHG Schwab US Large-Cap Growth | 4.01% | 1,260,173 | $36.7M | Add +7.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 3.23% | 67,870 | $29.6M | Reduce -26.2% |
| SCHF Schwab Intl Equity ETF | 3.03% | 1,123,076 | $27.8M | Add +3.4% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 2.89% | 112,098 | $26.5M | Reduce -0.9% |
| FREL Fidelity MSCI RL Est Indx | 2.43% | 827,301 | $22.3M | Add +9.9% |
| IGIB iShares 5-10Y Inv Grade Corp. | 2.42% | 417,222 | $22.2M | Add +4.5% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 2.33% | 82,972 | $21.4M | Reduce -0.6% |
| SCHX Schwab US Large-Cap ETF | 2.20% | 787,533 | $20.2M | Reduce -1.2% |
| LIND Lindblad Expeditions Holding | 2.02% | 1,068,362 | $18.5M | No change |
| IMCV iShares Morningstar Mid-Cap | 2.01% | 217,137 | $18.4M | Reduce -2.5% |
| MUB iShares National Muni Bond E | 1.95% | 168,516 | $17.9M | Add +12.6% |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.94% | 338,070 | $17.8M | Add +11.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.93% | 90,040 | $17.7M | Reduce -33.2% |
| SCHO Schwab Short-Term US Treas | 1.91% | 723,101 | $17.5M | Add +3.7% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.75% | 74,035 | $16.1M | Add +2.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.35% | 43,150 | $12.4M | Add +0.1% |
| VEA Vanguard Ftse Developed ETF | 1.30% | 185,397 | $11.9M | Add +3.0% |
| IEMG iShares Core MSCI Emerging | 1.28% | 168,232 | $11.7M | Add +7.1% |
| ISCG iShares Morningstar Small-Ca | 1.05% | 176,121 | $9.7M | Reduce -16.1% |
| AAPL Apple Inc. | 1.04% | 37,566 | $9.5M | Add +6.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.02% | 35,711 | $9.4M | Reduce -1.9% |
| SCHM Schwab US Mid Cap ETF | 0.90% | 266,939 | $8.3M | Add +0.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.84% | 24,082 | $7.7M | Add +1.3% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.84% | 25,547 | $7.7M | Reduce -4.2% |
| RSP Invesco S&P 500 Equal Weight | 0.83% | 39,444 | $7.6M | Add +17.9% |
| VOO Vanguard S&P 500 ETF | 0.77% | 11,825 | $7.1M | Add +11.7% |
| SCHA Schwab US Small-Cap ETF | 0.74% | 234,235 | $6.8M | Reduce -1.7% |
| IVV iShares Core S&P 500 ETF | 0.71% | 9,986 | $6.5M | Add +9.8% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.62% | 19,146 | $5.7M | Add +0.0% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.62% | 31,025 | $5.7M | Reduce -15.8% |
| VEU Vanguard Ftse All-World Ex-U | 0.62% | 75,733 | $5.7M | Add +5.9% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.59% | 68,383 | $5.4M | Reduce -7.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.55% | 8,674 | $5.0M | New |
| VNQ Vanguard Real Estate ETF | 0.48% | 49,561 | $4.4M | Add +1.0% |
| SDY SS SPDR S&P Dividend ETF | 0.45% | 28,442 | $4.2M | Reduce -0.1% |
| MSFT Microsoft Corp. | 0.43% | 10,641 | $3.9M | Add +3.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.42% | 5,878 | $3.8M | Add +14.2% |
| NVDA Nvidia Corp. | 0.37% | 19,369 | $3.4M | Add +7.0% |
| IMCG iShares Morningstar Mid-Cap | 0.37% | 42,595 | $3.4M | Reduce -10.2% |
| GOOG Alphabet Inc. Class C | 0.37% | 11,685 | $3.4M | Add +1.8% |
| AMZN Amazon.com Inc. | 0.32% | 13,940 | $2.9M | Add +7.6% |
| IJR iShares Core S&P Small-Cap E | 0.31% | 22,580 | $2.8M | Reduce -34.1% |
| JPM JPMorgan Chase & Co. | 0.30% | 9,306 | $2.7M | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 0.29% | 9,235 | $2.7M | Add +2.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.28% | 5,290 | $2.5M | Add +2.4% |
| CAPR Capricor Therapeutics Inc. | 0.26% | 79,077 | $2.4M | No change |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.25% | 45,404 | $2.3M | Reduce -1.9% |
| VIG Vanguard Dividend Apprec ETF | 0.25% | 10,456 | $2.2M | Add +0.1% |
| SCHH Schwab US REIT ETF | 0.24% | 103,908 | $2.2M | Add +6.5% |
| PL Planet Labs PBC | 0.24% | 77,476 | $2.2M | New |
| VGT Vanguard Info Tech ETF | 0.24% | 3,093 | $2.2M | Add +0.6% |
| IEFA iShares Core MSCI Eafe ETF | 0.22% | 22,441 | $2.0M | Add +9.4% |
| XLK SS Technology Select Sector | 0.22% | 15,174 | $2.0M | No change |
| MA Mastercard Inc. Class A | 0.22% | 3,949 | $2.0M | Reduce -0.3% |
| USMV iShares MSCI USA Min Vol Fac | 0.19% | 18,447 | $1.7M | Add +2.3% |
| V Visa Inc. Class A | 0.18% | 5,591 | $1.7M | Add +1.8% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.18% | 36,139 | $1.6M | Add +6.7% |
| CEG Constellation Energy | 0.18% | 5,823 | $1.6M | Add +0.1% |
| VYM Vanguard High DVD Yield ETF | 0.17% | 10,713 | $1.6M | Add +0.3% |
| GLD SPDR Gold Shares | 0.17% | 3,676 | $1.6M | Add +3.1% |
| PHYS Sprott Physical Gold Trust | 0.17% | 43,208 | $1.5M | New |
| SRLN SS Blackstone Sr Loan ETF | 0.16% | 37,376 | $1.5M | Reduce -2.6% |
| ISCV iShares Morningstar Small-Ca | 0.15% | 19,629 | $1.4M | Reduce -57.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.15% | 27,556 | $1.3M | Add +2.5% |
| MCK McKesson Corp. | 0.15% | 1,542 | $1.3M | Add +1.1% |
| VWO Vanguard Ftse Emerging Marke | 0.14% | 24,435 | $1.3M | Add +1.4% |
| META Meta Platforms Inc. Class A | 0.14% | 2,167 | $1.2M | Add +2.6% |
| IWF iShares Russell 1000 Growth | 0.13% | 2,808 | $1.2M | Reduce -1.1% |
| PLTR Palantir Technologies Inc. Class A | 0.13% | 8,119 | $1.2M | Add +310.5% |
| XOM Exxon Mobil Corp. | 0.13% | 6,952 | $1.2M | Add +9.2% |
| LLY Eli Lilly & Co. | 0.12% | 1,243 | $1.1M | Reduce -27.1% |
| VFH Vanguard Financials ETF | 0.12% | 8,996 | $1.1M | Reduce -1.7% |
| BBHL BBH Select Large Cap ETF | 0.11% | 67,548 | $1.0M | No change |
| PSLV Sprott Physical Silver Trust | 0.10% | 38,137 | $930K | New |
| SHV iShares 0-1 Year Treasury Bo | 0.10% | 8,251 | $911K | Add +38.7% |
| PWR Quanta Services Inc. | 0.10% | 1,653 | $908K | Add +1.5% |
| CAT Caterpillar Inc. | 0.09% | 1,202 | $852K | Add +31.9% |
| IAU iShares Gold Trust | 0.09% | 9,605 | $847K | Add +1.1% |
| COST Costco Wholesale Corp. | 0.09% | 820 | $817K | Reduce -0.4% |
| HDV iShares Core High Dividend E | 0.09% | 5,865 | $796K | No change |
| DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND | 0.09% | 1,699 | $787K | Add +168.8% |
| EXC Exelon Corp. | 0.08% | 15,177 | $744K | Add +0.1% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.08% | 8,010 | $732K | No change |
| WMT Walmart Inc. | 0.08% | 5,733 | $713K | Reduce -5.6% |
| ESGV Vanguard ESG US Stock ETF | 0.07% | 6,120 | $687K | Reduce -9.7% |
| CVX Chevron Corp. | 0.07% | 3,279 | $678K | Reduce -9.8% |
| SPEM State Street SP PTF Em ETF | 0.07% | 14,339 | $673K | Reduce -0.2% |
| PEP Pepsico Inc. | 0.07% | 4,271 | $663K | Reduce -6.8% |
| CSX CSX Corp. | 0.07% | 15,147 | $622K | No change |
| SYK Stryker Corp. | 0.07% | 1,846 | $607K | Reduce -6.2% |
| RTX RTX Corp. | 0.07% | 3,104 | $599K | New |
| KNX Knight-Swift Transportation | 0.07% | 10,377 | $598K | Add +0.9% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.06% | 5,963 | $584K | Add +82.2% |
| VTIP Vanguard Short-Term Tips | 0.06% | 11,648 | $582K | Reduce -0.0% |
| IWB iShares Russell 1000 ETF | 0.06% | 1,618 | $577K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $575 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| LVWR.WS Livewire Group Inc.-27 | *W EXP 09/26/202 | 11,500 | $575 | No change |
Total filed on the 13F, all lines: $916.5M.
Portfolio Sells Q4 2025 → Q1 2026
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -26.2% | 3.23% | −1.50 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Reduce -5.4% | 8.36% | −1.23 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -33.2% | 1.93% | −0.79 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Sold out | 0.00% | −0.68 |
| DFUS Dimensional US Eq MKT ETF | Sold out | 0.00% | −0.47 |
| ISCV iShares Morningstar Small-Ca | Reduce -57.5% | 0.15% | −0.18 |
| ISCG iShares Morningstar Small-Ca | Reduce -16.1% | 1.05% | −0.17 |
| IJR iShares Core S&P Small-Cap E | Reduce -34.1% | 0.31% | −0.13 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -0.6% | 2.33% | −0.13 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | Reduce -0.9% | 2.89% | −0.10 |
| SMH Vaneck Semiconductor ETF | Sold out | 0.00% | −0.08 |
| LLY Eli Lilly & Co. | Reduce -27.1% | 0.12% | −0.07 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -15.8% | 0.62% | −0.07 |
| SCHX Schwab US Large-Cap ETF | Reduce -1.2% | 2.20% | −0.06 |
| XAR SS SPDR S&P Aerospace Def | Sold out | 0.00% | −0.05 |
| SSB Southstate Bank Corp. | Sold out | 0.00% | −0.05 |
| MLPA Global X MLP ETF | Sold out | 0.00% | −0.04 |
| IMCG iShares Morningstar Mid-Cap | Reduce -10.2% | 0.37% | −0.03 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -7.3% | 0.59% | −0.03 |
| BX Blackstone Inc. | Sold out | 0.00% | −0.02 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.02 |
| FCNCA First Citizens Bcshs Class A | Sold out | 0.00% | −0.02 |
| MA Mastercard Inc. Class A | Reduce -0.3% | 0.22% | −0.02 |
| PGR Progressive Corp. | Sold out | 0.00% | −0.02 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.02 |
| ESGV Vanguard ESG US Stock ETF | Reduce -9.7% | 0.07% | −0.01 |
| IBIT iShares Bitcoin Trust ETF | Reduce -5.6% | 0.04% | −0.01 |
| IWF iShares Russell 1000 Growth | Reduce -1.1% | 0.13% | −0.01 |
| VFH Vanguard Financials ETF | Reduce -1.7% | 0.12% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -8.4% | 0.04% | −0.01 |
| JNJ Johnson & Johnson | Reduce -28.7% | 0.05% | −0.01 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -4.2% | 0.84% | −0.01 |
| SYK Stryker Corp. | Reduce -6.2% | 0.07% | −0.01 |
| IBM Intl Business Machines Corp. | Reduce -6.1% | 0.02% | −0.01 |
| SMRI Bushido Cap US Equity ETF | Reduce -13.1% | 0.04% | −0.01 |
| XLF SS Financial Select Sector | Reduce -5.2% | 0.04% | −0.01 |
| HD Home Depot Inc. | Reduce -6.7% | 0.05% | −0.00 |
| PG The Procter & Gamble Co. | Reduce -12.4% | 0.05% | −0.00 |
| AVGO Broadcom Inc. | Reduce -2.8% | 0.03% | −0.00 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -2.6% | 0.16% | −0.00 |
| XEXGX Eaton Vance Tax-Managed Glob | Reduce -12.5% | 0.01% | −0.00 |
| ABBV Abbvie Inc. | Reduce -3.7% | 0.04% | −0.00 |
| SLV iShares Silver Trust | Reduce -10.9% | 0.03% | −0.00 |
| GS Goldman Sachs Group Inc. | Reduce -0.3% | 0.03% | −0.00 |
| ILPT Industrial Logistics Propert | Reduce -9.1% | 0.01% | −0.00 |
| IWM iShares Russell 2000 ETF | Reduce -2.2% | 0.02% | +0.00 |
| NFLX Netflix Inc. | Reduce -3.1% | 0.02% | +0.00 |
| SCHC Schwab Intl Small-Cap Equity | Reduce -1.8% | 0.03% | +0.00 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -1.9% | 0.25% | +0.00 |
| UNP Union Pacific Corp. | Reduce -1.9% | 0.04% | +0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| QQQ Invesco QQQ Trust Series 1 | New | 0.55% | +0.55 |
| SCHV Schwab US Large-Cap Value | Add +3.3% | 4.70% | +0.43 |
| AGG iShares Core U.S. Aggregate | Add +5.3% | 4.87% | +0.38 |
| SPTI SS SPDR P Int Term TSY ETF | Add +4.8% | 4.65% | +0.34 |
| FREL Fidelity MSCI RL Est Indx | Add +9.9% | 2.43% | +0.29 |
| SCHF Schwab Intl Equity ETF | Add +3.4% | 3.03% | +0.28 |
| MUB iShares National Muni Bond E | Add +12.6% | 1.95% | +0.26 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +11.1% | 1.94% | +0.24 |
| PL Planet Labs PBC | New | 0.24% | +0.24 |
| PHYS Sprott Physical Gold Trust | New | 0.17% | +0.17 |
| IEMG iShares Core MSCI Emerging | Add +7.1% | 1.28% | +0.17 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +4.5% | 2.42% | +0.15 |
| RSP Invesco S&P 500 Equal Weight | Add +17.9% | 0.83% | +0.15 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +2.4% | 1.75% | +0.14 |
| SCHO Schwab Short-Term US Treas | Add +3.7% | 1.91% | +0.12 |
| VEA Vanguard Ftse Developed ETF | Add +3.0% | 1.30% | +0.11 |
| PSLV Sprott Physical Silver Trust | New | 0.10% | +0.10 |
| PLTR Palantir Technologies Inc. Class A | Add +310.5% | 0.13% | +0.09 |
| VOO Vanguard S&P 500 ETF | Add +11.7% | 0.77% | +0.07 |
| VEU Vanguard Ftse All-World Ex-U | Add +5.9% | 0.62% | +0.07 |
| RTX RTX Corp. | New | 0.07% | +0.07 |
| SCHM Schwab US Mid Cap ETF | Add +0.0% | 0.90% | +0.06 |
| IVV iShares Core S&P 500 ETF | Add +9.8% | 0.71% | +0.06 |
| IWD iShares Russell 1000 Value E | New | 0.05% | +0.05 |
| DIA SS SPDR Dow Jones Indus Avg | Add +168.8% | 0.09% | +0.05 |
| XOM Exxon Mobil Corp. | Add +9.2% | 0.13% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +14.2% | 0.42% | +0.05 |
| CAT Caterpillar Inc. | Add +31.9% | 0.09% | +0.04 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.1% | 1.35% | +0.03 |
| SHV iShares 0-1 Year Treasury Bo | Add +38.7% | 0.10% | +0.03 |
| SCHH Schwab US REIT ETF | Add +6.5% | 0.24% | +0.03 |
| AAPL Apple Inc. | Add +6.4% | 1.04% | +0.03 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.03% | +0.03 |
| IEFA iShares Core MSCI Eafe ETF | Add +9.4% | 0.22% | +0.03 |
| AKRE Akre Focus ETF | New | 0.03% | +0.03 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +82.2% | 0.06% | +0.03 |
| PWR Quanta Services Inc. | Add +1.5% | 0.10% | +0.03 |
| ITA iShares U.S. Aerospace & Def | New | 0.03% | +0.03 |
| PAVE Global X US Infrastructure | New | 0.02% | +0.02 |
| SO The Southern Co. | New | 0.02% | +0.02 |
| WM Waste Management Inc. | New | 0.02% | +0.02 |
| TPHD Timothy Plan High DVD STCK | New | 0.02% | +0.02 |
| GLD SPDR Gold Shares | Add +3.1% | 0.17% | +0.02 |
| SCHZ Schwab US Aggregate Bond ETF | New | 0.02% | +0.02 |
| IVW iShares S&P 500 Growth ETF | New | 0.02% | +0.02 |
| ETN Eaton Corp. PLC | New | 0.02% | +0.02 |
| VNQ Vanguard Real Estate ETF | Add +1.0% | 0.48% | +0.02 |
| AEE Ameren Corporation | New | 0.02% | +0.02 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 0.02% | +0.02 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +6.7% | 0.18% | +0.02 |
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 |