Clark Asset Management, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed April 28, 2025), Clark Asset Management, LLC reported 122 stock positions worth $465.6 million. Its top holding was Vanguard Ftse Developed ETF (VEA) at 15.2% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 12.0%) and Vanguard Mrngstr Val ETF-Aui (VTV, 10.5%). Compared with Q2 2024, it opened 32 new positions, sold out of 6, added to 59 and reduced 17. The biggest buy was Vanguard Ftse Developed ETF (VEA, shares +30%) and the biggest sale Visa Class A (V, shares −48%).

Most Recent 13F
Q2 2026
Location
STRATHAM, NH
CIK
0002062026
Portfolio Value
$465.6M (Q3 2024)
SEC Filing
0002063364-25-000065 ↗ filed Apr 28, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $325.5M Q1 2024 Q2 2024: $361.0M Q2 2024 Q3 2024: $465.6M $465.6M Q3 2024 Q4 2024: $535.3M Q4 2024 Q1 2025: $596.3M Q1 2025 Q2 2025: $733.7M Q2 2025 Q3 2025: $860.4M Q3 2025 Q4 2025: $963.3M Q4 2025 Q1 2026: $1.1B Q1 2026 Q2 2026: $1.3B Q2 2026

Holdings 122 stocks · $465.6M
VEA Vanguard Ftse Developed ETF 15.21% 1,341,358 $70.8M Add +30.3%
VUG Vanguard Mrngstar GR ETF-Sui 11.96% 144,988 $55.7M Add +22.2%
VTV Vanguard Mrngstr Val ETF-Aui 10.46% 278,924 $48.7M Add +23.3%
VWO Vanguard Ftse Emerging Marke 5.91% 575,009 $27.5M Add +34.3%
BNDX Vanguard Total Intl Bond ETF 4.71% 436,463 $21.9M Add +23.4%
BSV Vanguard Short-Term Bond ETF 4.69% 277,649 $21.8M Add +20.8%
VB Vanguard Most SM-Cap ETF-Usd 4.18% 82,128 $19.5M Add +28.5%
AAPL Apple Inc. 3.45% 68,915 $16.1M Reduce -3.9%
VTI VG Morningstar TS MKT ETF-US 2.90% 47,751 $13.5M Reduce -7.3%
BIV Vanguard Intermediate-Term B 2.38% 141,443 $11.1M Add +20.0%
VTEB Vanguard Tax-Exempt Bond ETF 2.19% 199,530 $10.2M Add +8.5%
VMBS Vanguard Mortgage-Backed Sec 2.06% 203,531 $9.6M Add +23.3%
BLV Vanguard Long-Term Bond ETF 2.05% 126,970 $9.5M Add +22.9%
BSCP Invesco Bulletshares 2025 CB 1.99% 448,695 $9.3M Add +33.1%
BSCQ Invesco Bulletshares 2026 CB 1.91% 454,102 $8.9M Add +33.4%
BSCS Invesco Bulletshares 2028 CB 1.78% 402,822 $8.3M Add +40.4%
BSCR Invesco Bulletshares 2027 CB 1.75% 413,578 $8.2M Add +33.4%
BSCT Invesco Bulletshares 2029 CB 1.39% 343,913 $6.5M Add +53.4%
V Visa Inc. Class A 1.06% 17,942 $4.9M Reduce -47.7%
MSFT Microsoft Corp. 0.95% 10,259 $4.4M Add +19.4%
BSCU Invesco Bulletshares 2030 CB 0.91% 249,005 $4.2M Add +89.9%
AMZN Amazon.com Inc. 0.80% 19,866 $3.7M Add +21.0%
BSCV Invesco Bulletshares 2031 CB 0.73% 202,824 $3.4M Add +80.1%
VEU Vanguard Ftse All-World Ex-U 0.69% 50,808 $3.2M No change
MA Mastercard Inc. Class A 0.68% 6,392 $3.2M Reduce -48.6%
BSCW Invesco Bulletshares 2032 CB 0.55% 123,205 $2.6M Add +90.7%
QQQ Invesco QQQ Trust Series 1 0.53% 5,016 $2.4M Add +7.8%
CDNS Cadence Design SYS Inc. 0.46% 7,861 $2.1M No change
VOO Vanguard S&P 500 ETF 0.45% 3,939 $2.1M Reduce -6.8%
BSCX Invesco Bulletshares 2033 CB 0.44% 94,643 $2.0M Add +238.0%
NVDA Nvidia Corp. 0.35% 13,234 $1.6M Add +82.3%
IVV iShares Core S&P 500 ETF 0.34% 2,749 $1.6M Add +1.7%
SCHF Schwab Intl Equity ETF 0.31% 34,619 $1.4M Add +42.9%
ON On Semiconductor 0.30% 19,460 $1.4M New
SCHB Schwab US Broad Market ETF 0.30% 21,179 $1.4M Add +82.3%
DFAC Dimensional US Core Equity 2 0.30% 40,609 $1.4M Add +15.7%
CMF iShares California Muni Bond 0.30% 23,698 $1.4M Add +1.6%
DFUS Dimensional US Eq MKT ETF 0.25% 18,869 $1.2M Reduce -17.6%
IEFA iShares Core MSCI Eafe ETF 0.24% 14,615 $1.1M New
IXUS iShares Core Intl Stock ETF 0.23% 15,022 $1.1M Add +13.1%
GOOGL Alphabet Inc. Class A 0.21% 5,924 $982K Add +18.0%
META Meta Platforms Inc. Class A 0.21% 1,691 $968K Add +17.6%
JNJ Johnson & Johnson 0.20% 5,848 $948K Add +2.3%
BSMU Invesco Bulletshares 2030 MB 0.20% 41,507 $919K Add +1.6%
TSLA Tesla Inc. 0.19% 3,374 $883K Add +47.1%
DFAX Dimensional World Ex US Core 0.18% 31,535 $852K No change
GOOG Alphabet Inc. Class C 0.17% 4,874 $815K Add +5.9%
BSMV Invesco Bulletshares 2031 MB 0.17% 38,202 $814K Add +52.2%
SPLV Invesco S&P 500 Low Volatili 0.17% 11,200 $803K No change
VFMF Vanguard US Multifactor ETF 0.17% 6,144 $801K Add +1.0%
DFAS Dimensional US Small Cap ETF 0.16% 11,789 $765K Add +0.1%
BSMS Invesco Bulletshares 2028 MB 0.16% 32,019 $755K Add +63.8%
BSCY Invesco Bulletshares 2034 CB 0.16% 35,413 $747K New
BSMT Invesco Bulletshares 2029 MB 0.16% 31,743 $739K Add +21.5%
HD Home Depot Inc. 0.16% 1,801 $730K Add +12.6%
VXUS Vanguard Total Intl Stock 0.15% 10,621 $688K Reduce -0.3%
DFAT Dimensional US Target Value 0.15% 12,288 $684K Reduce -0.4%
ITOT iShares Core S&P Total U.S. 0.15% 5,412 $680K No change
VIG Vanguard Dividend Apprec ETF 0.14% 3,381 $670K Add +15.2%
NFLX Netflix Inc. 0.14% 931 $660K Add +31.1%
DFUV Dimensional US Marketwide Va 0.14% 15,703 $655K No change
IAGG iShares Intl Aggregate Bond 0.14% 12,356 $640K New
SPTS SS SPDR P St Term TSY ETF 0.13% 20,093 $591K New
LLY Eli Lilly & Co. 0.12% 651 $577K Add +39.7%
VCIT Vanguard Int-Term Corporate 0.12% 6,409 $537K Add +0.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.11% 2,017 $532K New
BSMR Invesco Bulletshares 2027 MB 0.11% 22,335 $529K Add +16.0%
BSMQ Invesco Bulletshares 2026 MB 0.11% 21,178 $503K Add +0.6%
JPM JPMorgan Chase & Co. 0.10% 2,251 $475K Add +38.1%
DFIV Dimensional International Va 0.10% 12,137 $462K No change
ADI Analog Devices Inc. 0.10% 1,926 $443K New
AVUV Avantis US Small Cap Value 0.09% 4,559 $437K Add +5.7%
GLD SPDR Gold Shares 0.09% 1,709 $415K Add +1.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.09% 718 $412K Reduce -6.8%
IEMG iShares Core MSCI Emerging 0.09% 6,992 $401K New
MBB iShares MBS ETF 0.09% 4,182 $401K New
COST Costco Wholesale Corp. 0.09% 446 $396K New
BND Vanguard Total Bond Market 0.08% 5,040 $379K Reduce -0.1%
KBWB Invesco KBW Bank ETF 0.08% 6,387 $374K New
DFIC Dimensional International Co. 0.08% 13,109 $369K Add +0.5%
BSMW Invesco Bulletshares 2032 MB 0.08% 14,239 $365K Add +60.9%
AVGO Broadcom Inc. 0.08% 2,105 $363K Add +21.7%
PG The Procter & Gamble Co. 0.08% 2,072 $359K Add +10.7%
SCHG Schwab US Large-Cap Growth 0.07% 3,089 $322K New
IJR iShares Core S&P Small-Cap E 0.07% 2,735 $320K New
UNH Unitedhealth Group Inc. 0.07% 546 $319K New
CAT Caterpillar Inc. 0.07% 811 $317K New
WMT Walmart Inc. 0.07% 3,901 $315K Add +13.7%
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.07% 10,657 $310K New
VSGX Vanguard ESG Intl Stock ETF 0.07% 4,975 $306K New
VT Vanguard Tot World STK ETF 0.07% 2,528 $303K Add +0.2%
VNQ Vanguard Real Estate ETF 0.06% 3,060 $298K New
ORCL Oracle Corp. 0.06% 1,729 $295K New
SPTI SS SPDR P Int Term TSY ETF 0.06% 10,048 $292K New
VCSH Vanguard S/T Corp. Bond ETF 0.06% 3,662 $291K Reduce -36.6%
VDC Vanguard Consumer Staple ETF 0.06% 1,320 $288K Reduce -8.9%
SHV iShares 0-1 Year Treasury Bo 0.06% 2,551 $282K Add +0.3%
BRK.B Berkshire Hathaway Inc. Class B 0.06% 598 $275K New
IWM iShares Russell 2000 ETF 0.06% 1,222 $270K Reduce -29.6%
VONE Vanguard Russell 1000 0.06% 1,011 $263K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.06% 1,552 $260K No change
EEM iShares MSCI Emerging Market 0.06% 5,661 $260K Reduce -16.7%
CRM Salesforce Inc. 0.06% 948 $260K New
VGIT Vanguard Intermediate-Term T 0.06% 4,268 $258K New
SNPS Synopsys Inc. 0.05% 504 $255K No change
GAP The Gap Inc. 0.05% 11,471 $253K New
CVX Chevron Corp. 0.05% 1,702 $251K New
IGV iShares Expanded Tech-Softwa 0.05% 2,795 $250K No change
MRK Merck & Co. Inc. 0.05% 2,195 $249K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.05% 6,089 $242K Add +19.9%
RPV Invesco S&P 500 Pure Value E 0.05% 2,665 $237K New
AMD Advanced Micro Devices 0.05% 1,393 $229K New
BKE The Buckle Inc. 0.05% 5,179 $228K Reduce -14.6%
SCHD Schwab US DVD Equity ETF 0.05% 2,678 $226K Reduce -19.5%
MCD McDonald's Corp. 0.05% 739 $225K New
SPYG SS SPDR P S&P 500 Growth ETF 0.05% 2,653 $220K No change
WSM Williams-Sonoma Inc. 0.05% 1,406 $218K New
IWB iShares Russell 1000 ETF 0.05% 676 $213K No change
SCHV Schwab US Large-Cap Value 0.05% 2,622 $211K Reduce -23.9%
CSCO Cisco Systems Inc. 0.04% 3,787 $202K New
NAD Nuveen Quality Municipal Inc. 0.04% 15,500 $192K New
DNP DNP Select Income Fund Inc. 0.03% 11,903 $120K No change

Portfolio Sells Q2 2024 → Q3 2024
V Visa Inc. Class A Reduce -47.7% 1.06% −1.43
VTI VG Morningstar TS MKT ETF-US Reduce -7.3% 2.90% −0.91
MA Mastercard Inc. Class A Reduce -48.6% 0.68% −0.84
AAPL Apple Inc. Reduce -3.9% 3.45% −0.74
BSMP Invesco Bulletshares 2025 MB Sold out 0.00% −0.14
VOO Vanguard S&P 500 ETF Reduce -6.8% 0.45% −0.14
SPYM Ste STR SPDR PT S&P 500 ETF Sold out 0.00% −0.13
DFUS Dimensional US Eq MKT ETF Reduce -17.6% 0.25% −0.12
BALT Inn Defined Wealth Shield Sold out 0.00% −0.08
SMH Vaneck Semiconductor ETF Sold out 0.00% −0.08
DIA SS SPDR Dow Jones Indus Avg Sold out 0.00% −0.06
VCSH Vanguard S/T Corp. Bond ETF Reduce -36.6% 0.06% −0.06
IVE iShares S&P 500 Value ETF Sold out 0.00% −0.06
IWM iShares Russell 2000 ETF Reduce -29.6% 0.06% −0.04
DFAT Dimensional US Target Value Reduce -0.4% 0.15% −0.03
VXUS Vanguard Total Intl Stock Reduce -0.3% 0.15% −0.03
SPY SS SPDR S&P 500 ETF Trust-US Reduce -6.8% 0.09% −0.03
SCHV Schwab US Large-Cap Value Reduce -23.9% 0.05% −0.03
EEM iShares MSCI Emerging Market Reduce -16.7% 0.06% −0.02
SCHD Schwab US DVD Equity ETF Reduce -19.5% 0.05% −0.02
VDC Vanguard Consumer Staple ETF Reduce -8.9% 0.06% −0.02
BND Vanguard Total Bond Market Reduce -0.1% 0.08% −0.02
BKE The Buckle Inc. Reduce -14.6% 0.05% −0.01

Portfolio Buys Q2 2024 → Q3 2024
VEA Vanguard Ftse Developed ETF Add +30.3% 15.21% +1.12
VWO Vanguard Ftse Emerging Marke Add +34.3% 5.91% +0.72
VTV Vanguard Mrngstr Val ETF-Aui Add +23.3% 10.46% +0.40
VB Vanguard Most SM-Cap ETF-Usd Add +28.5% 4.18% +0.32
BSCU Invesco Bulletshares 2030 CB Add +89.9% 0.91% +0.32
ON On Semiconductor New 0.30% +0.30
BSCX Invesco Bulletshares 2033 CB Add +238.0% 0.44% +0.28
BSCT Invesco Bulletshares 2029 CB Add +53.4% 1.39% +0.26
IEFA iShares Core MSCI Eafe ETF New 0.24% +0.24
BSCV Invesco Bulletshares 2031 CB Add +80.1% 0.73% +0.23
BSCW Invesco Bulletshares 2032 CB Add +90.7% 0.55% +0.20
BSCS Invesco Bulletshares 2028 CB Add +40.4% 1.78% +0.19
BSCY Invesco Bulletshares 2034 CB New 0.16% +0.16
IAGG iShares Intl Aggregate Bond New 0.14% +0.14
SPTS SS SPDR P St Term TSY ETF New 0.13% +0.13
VO Vngrd Mrngstr MD-Cap ETF-Usd New 0.11% +0.11
BSCR Invesco Bulletshares 2027 CB Add +33.4% 1.75% +0.10
SCHB Schwab US Broad Market ETF Add +82.3% 0.30% +0.10
BSCQ Invesco Bulletshares 2026 CB Add +33.4% 1.91% +0.10
NVDA Nvidia Corp. Add +82.3% 0.35% +0.10
ADI Analog Devices Inc. New 0.10% +0.10
IEMG iShares Core MSCI Emerging New 0.09% +0.09
MBB iShares MBS ETF New 0.09% +0.09
COST Costco Wholesale Corp. New 0.09% +0.09
KBWB Invesco KBW Bank ETF New 0.08% +0.08
BSCP Invesco Bulletshares 2025 CB Add +33.1% 1.99% +0.08
SCHG Schwab US Large-Cap Growth New 0.07% +0.07
IJR iShares Core S&P Small-Cap E New 0.07% +0.07
UNH Unitedhealth Group Inc. New 0.07% +0.07
CAT Caterpillar Inc. New 0.07% +0.07
SPTL SS SPDR PF LNG TRM TSY E-Usd New 0.07% +0.07
VSGX Vanguard ESG Intl Stock ETF New 0.07% +0.07
VNQ Vanguard Real Estate ETF New 0.06% +0.06
TSLA Tesla Inc. Add +47.1% 0.19% +0.06
ORCL Oracle Corp. New 0.06% +0.06
SPTI SS SPDR P Int Term TSY ETF New 0.06% +0.06
BRK.B Berkshire Hathaway Inc. Class B New 0.06% +0.06
CRM Salesforce Inc. New 0.06% +0.06
VGIT Vanguard Intermediate-Term T New 0.06% +0.06
GAP The Gap Inc. New 0.05% +0.05
CVX Chevron Corp. New 0.05% +0.05
MRK Merck & Co. Inc. New 0.05% +0.05
RPV Invesco S&P 500 Pure Value E New 0.05% +0.05
AMD Advanced Micro Devices New 0.05% +0.05
MCD McDonald's Corp. New 0.05% +0.05
SCHF Schwab Intl Equity ETF Add +42.9% 0.31% +0.05
WSM Williams-Sonoma Inc. New 0.05% +0.05
CSCO Cisco Systems Inc. New 0.04% +0.04
NAD Nuveen Quality Municipal Inc. New 0.04% +0.04
BLV Vanguard Long-Term Bond ETF Add +22.9% 2.05% +0.04

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 294$1.3BVEA, VUG, VTV, VWO, VB
Q1 2026 267$1.1BVEA, VTV, VUG, VWO, VB
Q4 2025 237$963.3MVEA, VUG, VTV, VWO, VB
Q3 2025 208$860.4MVEA, VUG, VTV, VWO, VB
Q2 2025 197$733.7MVEA, VUG, VTV, VWO, BNDX
Q1 2025 157$596.3MVEA, VUG, VTV, VWO, BNDX
Q4 2024 138$535.3MVEA, VUG, VTV, VWO, BNDX
Q3 2024 122$465.6MVEA, VUG, VTV, VWO, BNDX
Q2 2024 96$361.0MVEA, VUG, VTV, VWO, BSV
Q1 2024 86$325.5MVEA, VUG, VTV, BSV, VWO