Clark Asset Management, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 28, 2025), Clark Asset Management, LLC reported 157 stock positions worth $596.3 million. Its top holding was Vanguard Ftse Developed ETF (VEA) at 15.8% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 10.4%) and Vanguard Mrngstr Val ETF-Aui (VTV, 10.2%). Compared with Q4 2024, it opened 27 new positions, sold out of 8, added to 85 and reduced 24. The biggest buy was Vanguard Ftse Developed ETF (VEA, shares +15%) and the biggest sale an exit from iShares Core U.S. Aggregate (AGG).

Most Recent 13F
Q2 2026
Location
STRATHAM, NH
CIK
0002062026
Portfolio Value
$596.3M (Q1 2025)
SEC Filing
0002063364-25-000067 ↗ 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 Q3 2024 Q4 2024: $535.3M Q4 2024 Q1 2025: $596.3M $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 157 stocks · $596.3M
VEA Vanguard Ftse Developed ETF 15.81% 1,855,083 $94.3M Add +15.2%
VUG Vanguard Mrngstar GR ETF-Sui 10.43% 167,710 $62.2M Add +6.5%
VTV Vanguard Mrngstr Val ETF-Aui 10.23% 353,054 $61.0M Add +8.7%
VWO Vanguard Ftse Emerging Marke 5.59% 736,312 $33.3M Add +11.5%
BNDX Vanguard Total Intl Bond ETF 4.57% 557,748 $27.2M Add +9.4%
BSV Vanguard Short-Term Bond ETF 4.50% 342,804 $26.8M Add +9.3%
VB Vanguard Most SM-Cap ETF-Usd 4.06% 109,308 $24.2M Add +13.2%
VTI VG Morningstar TS MKT ETF-US 2.82% 61,147 $16.8M Add +10.0%
AAPL Apple Inc. 2.48% 66,674 $14.8M Add +6.5%
VTEB Vanguard Tax-Exempt Bond ETF 2.44% 292,659 $14.5M Add +31.3%
BIV Vanguard Intermediate-Term B 2.27% 176,498 $13.5M Add +8.5%
BSCS Invesco Bulletshares 2028 CB 2.10% 615,320 $12.5M Add +11.9%
BSCQ Invesco Bulletshares 2026 CB 2.01% 616,308 $12.0M Add +9.0%
VMBS Vanguard Mortgage-Backed Sec 2.01% 258,422 $12.0M Add +12.5%
BSCR Invesco Bulletshares 2027 CB 2.00% 609,319 $11.9M Add +10.9%
BLV Vanguard Long-Term Bond ETF 2.00% 169,157 $11.9M Add +12.3%
BSCP Invesco Bulletshares 2025 CB 1.93% 556,375 $11.5M Add +7.1%
BSCT Invesco Bulletshares 2029 CB 1.78% 572,271 $10.6M Add +16.4%
BSCU Invesco Bulletshares 2030 CB 1.39% 500,405 $8.3M Add +16.9%
BSCV Invesco Bulletshares 2031 CB 1.04% 381,287 $6.2M Add +19.6%
BSCW Invesco Bulletshares 2032 CB 0.75% 219,408 $4.5M Add +18.3%
V Visa Inc. Class A 0.73% 12,447 $4.4M Add +4.6%
MSFT Microsoft Corp. 0.67% 10,623 $4.0M Add +10.1%
AMZN Amazon.com Inc. 0.64% 20,082 $3.8M Add +2.6%
BSCX Invesco Bulletshares 2033 CB 0.63% 180,376 $3.8M Add +21.9%
QQQ Invesco QQQ Trust Series 1 0.59% 7,508 $3.5M Add +28.8%
VOO Vanguard S&P 500 ETF 0.54% 6,312 $3.2M Add +25.5%
VEU Vanguard Ftse All-World Ex-U 0.52% 51,260 $3.1M Reduce -12.3%
MA Mastercard Inc. Class A 0.46% 5,028 $2.8M Add +2.9%
ITOT iShares Core S&P Total U.S. 0.42% 20,566 $2.5M Reduce -9.3%
IVV iShares Core S&P 500 ETF 0.41% 4,365 $2.5M Add +25.2%
BSCY Invesco Bulletshares 2034 CB 0.35% 100,999 $2.1M Add +61.8%
META Meta Platforms Inc. Class A 0.33% 3,460 $2.0M Add +85.1%
CDNS Cadence Design SYS Inc. 0.32% 7,408 $1.9M Reduce -5.8%
NVDA Nvidia Corp. 0.29% 16,170 $1.8M Add +40.8%
CMF iShares California Muni Bond 0.25% 26,098 $1.5M Add +6.0%
AVUV Avantis US Small Cap Value 0.24% 16,725 $1.5M Add +174.6%
SCHF Schwab Intl Equity ETF 0.23% 69,412 $1.4M Reduce -0.0%
DFAC Dimensional US Core Equity 2 0.22% 40,609 $1.3M No change
IXUS iShares Core Intl Stock ETF 0.21% 18,293 $1.3M Reduce -4.7%
GOOG Alphabet Inc. Class C 0.21% 8,029 $1.3M Add +48.5%
SCHB Schwab US Broad Market ETF 0.21% 57,259 $1.2M Reduce -11.2%
DFUS Dimensional US Eq MKT ETF 0.19% 18,879 $1.1M Add +0.0%
GOOGL Alphabet Inc. Class A 0.19% 7,349 $1.1M Add +20.6%
DFEV Dimensional Emrg MRKT Val 0.17% 38,558 $1.0M New
VXUS Vanguard Total Intl Stock 0.17% 16,341 $1.0M Reduce -46.9%
AVDV Avantis Intl S/C Value ETF 0.17% 14,535 $1.0M Add +336.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.17% 1,794 $1.0M Add +190.3%
JNJ Johnson & Johnson 0.16% 5,859 $972K Add +5.6%
BSMV Invesco Bulletshares 2031 MB 0.15% 44,530 $923K Add +0.4%
GLDM SPDR Gold Minishares Trust 0.15% 14,647 $907K New
BSMU Invesco Bulletshares 2030 MB 0.15% 42,003 $906K Add +0.7%
VIG Vanguard Dividend Apprec ETF 0.15% 4,665 $905K Add +32.9%
HD Home Depot Inc. 0.15% 2,439 $894K Add +50.8%
DFIV Dimensional International Va 0.15% 22,552 $888K Add +10.1%
ROE Ast US Eq WGT QLTY Kings ETF 0.14% 29,474 $863K New
BND Vanguard Total Bond Market 0.14% 11,533 $847K Reduce -53.9%
EFAV iShares MSCI Eafe Min Vol Fa 0.14% 10,799 $841K New
SPLV Invesco S&P 500 Low Volatili 0.14% 11,200 $837K No change
BRK.B Berkshire Hathaway Inc. Class B 0.14% 1,566 $834K Add +13.8%
BSMW Invesco Bulletshares 2032 MB 0.14% 33,664 $828K Add +36.0%
DFAX Dimensional World Ex US Core 0.14% 31,535 $826K No change
SPDW Ste STR SPDR PT DW Eu ETF 0.14% 22,437 $817K Add +147.8%
IAGG iShares Intl Aggregate Bond 0.13% 16,060 $803K Reduce -4.5%
BSMT Invesco Bulletshares 2029 MB 0.13% 35,294 $803K Add +0.7%
BRK.A Berkshire Hathaway Inc. Class A 0.13% 1 $798K New
VFMF Vanguard US Multifactor ETF 0.13% 6,216 $785K Add +1.1%
DFAS Dimensional US Small Cap ETF 0.13% 12,764 $763K Add +0.1%
DFUV Dimensional US Marketwide Va 0.13% 18,234 $751K No change
BSMS Invesco Bulletshares 2028 MB 0.13% 32,276 $748K Add +0.4%
NFLX Netflix Inc. 0.12% 787 $734K Reduce -9.8%
TSLA Tesla Inc. 0.12% 2,749 $712K Reduce -19.3%
DFAT Dimensional US Target Value 0.12% 13,353 $688K Add +0.1%
GLD SPDR Gold Shares 0.11% 2,329 $671K Add +46.7%
HYMB SS SPDR N Ice HY Muni ETF 0.11% 26,599 $671K New
SPTS SS SPDR P St Term TSY ETF 0.11% 22,790 $666K Reduce -4.1%
JPM JPMorgan Chase & Co. 0.10% 2,540 $623K Add +44.1%
SPTI SS SPDR P Int Term TSY ETF 0.10% 20,165 $576K Add +75.1%
VCIT Vanguard Int-Term Corporate 0.09% 6,740 $551K Add +0.4%
BSMR Invesco Bulletshares 2027 MB 0.09% 22,587 $532K Add +0.6%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.09% 2,027 $524K Add +0.3%
LLY Eli Lilly & Co. 0.09% 616 $509K Add +35.1%
BSMQ Invesco Bulletshares 2026 MB 0.08% 21,417 $506K Add +0.6%
VYM Vanguard High DVD Yield ETF 0.08% 3,895 $502K Add +68.6%
VNQ Vanguard Real Estate ETF 0.08% 5,430 $492K Add +23.9%
BTAL Agf US Market Neutral Anti-B 0.08% 23,382 $487K New
DGRW Wisdomtree U.S. Quality Divi 0.08% 6,032 $482K New
IJR iShares Core S&P Small-Cap E 0.08% 4,578 $479K Add +88.9%
DFLV Dim US Large Cap Value ETF 0.08% 15,444 $472K No change
BR Broadridge Financial Solutio 0.07% 1,828 $443K Add +7.3%
IEMG iShares Core MSCI Emerging 0.07% 8,126 $439K Reduce -6.0%
ADI Analog Devices Inc. 0.07% 2,164 $436K Add +12.5%
DFAE Dimensional Emerging Core Eq 0.07% 16,752 $434K No change
IEFA iShares Core MSCI Eafe ETF 0.07% 5,699 $431K Reduce -65.4%
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.07% 15,387 $419K Add +26.2%
KBWB Invesco KBW Bank ETF 0.07% 6,464 $406K Add +0.7%
SPGP Invesco S&P 500 Garp ETF 0.07% 4,003 $400K New
QUAL iShares MSCI USA Quality Fac 0.07% 2,333 $399K Add +24.6%
IHDG Wisdomtree International Hed 0.07% 9,088 $394K New
IWB iShares Russell 1000 ETF 0.07% 1,277 $392K Add +76.4%
MUB iShares National Muni Bond E 0.06% 3,604 $380K Reduce -35.7%
COST Costco Wholesale Corp. 0.06% 395 $374K Add +1.8%
DFIC Dimensional International Co. 0.06% 13,257 $368K Add +0.3%
SCHG Schwab US Large-Cap Growth 0.06% 14,635 $366K No change
ABBV Abbvie Inc. 0.06% 1,739 $364K New
AVGO Broadcom Inc. 0.06% 2,131 $357K Add +33.6%
MCD McDonald's Corp. 0.06% 1,119 $349K New
PG The Procter & Gamble Co. 0.06% 2,028 $346K Add +20.4%
VT Vanguard Tot World STK ETF 0.06% 2,970 $344K Add +0.6%
DUHP Dimensional US High Profi Et 0.05% 9,814 $325K No change
IWF iShares Russell 1000 Growth 0.05% 895 $323K New
CSCO Cisco Systems Inc. 0.05% 5,226 $322K Add +44.5%
MBB iShares MBS ETF 0.05% 3,431 $322K Reduce -4.7%
WMT Walmart Inc. 0.05% 3,480 $305K Add +11.6%
CVX Chevron Corp. 0.05% 1,813 $303K New
ESGV Vanguard ESG US Stock ETF 0.05% 3,090 $303K No change
ABT Abbott Laboratories 0.05% 2,271 $301K New
VDC Vanguard Consumer Staple ETF 0.05% 1,343 $294K No change
VSGX Vanguard ESG Intl Stock ETF 0.05% 4,926 $291K Reduce -1.0%
UNH Unitedhealth Group Inc. 0.05% 545 $285K Reduce -5.5%
MUNI PIMCO Intermediate Municipal 0.05% 5,470 $282K New
XOM Exxon Mobil Corp. 0.05% 2,346 $279K New
SNPS Synopsys Inc. 0.05% 649 $278K Add +28.8%
SHV iShares 0-1 Year Treasury Bo 0.05% 2,519 $278K Add +0.2%
ICVT iShares Convertible Bond ETF 0.05% 3,264 $273K No change
SPIB SS SPDR P Int C Corp. ETF 0.04% 7,946 $264K New
ORCL Oracle Corp. 0.04% 1,860 $260K Add +31.1%
PPI Astoria Real Assets ETF 0.04% 17,584 $255K New
IVE iShares S&P 500 Value ETF 0.04% 1,334 $254K Reduce -3.1%
RPV Invesco S&P 500 Pure Value E 0.04% 2,699 $249K Add +0.8%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.04% 1,552 $249K No change
IGV iShares Expanded Tech-Softwa 0.04% 2,795 $249K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 5,917 $247K Reduce -1.0%
FISV Fiserv Inc. 0.04% 1,080 $238K No change
GAP The Gap Inc. 0.04% 11,499 $237K Add +1.5%
VGSH Vanguard Short-Term Treasury 0.04% 4,001 $235K No change
ON On Semiconductor 0.04% 5,753 $234K Reduce -52.1%
WSM Williams-Sonoma Inc. 0.04% 1,444 $228K Add +2.7%
VIGI Vanguard Int Div App Indx FD 0.04% 2,741 $227K No change
EEM iShares MSCI Emerging Market 0.04% 5,174 $226K Reduce -17.9%
IWM iShares Russell 2000 ETF 0.04% 1,118 $223K Reduce -15.8%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.04% 1,191 $222K Add +12.3%
XLK SS Technology Select Sector 0.04% 1,057 $218K No change
SPYM Ste STR SPDR PT S&P 500 ETF 0.04% 3,316 $218K New
SPYG SS SPDR P S&P 500 Growth ETF 0.04% 2,654 $213K Add +0.0%
SYK Stryker Corp. 0.04% 567 $211K New
AVUS Avantis U.S. Equity ETF 0.04% 2,273 $210K New
SCHV Schwab US Large-Cap Value 0.04% 7,865 $209K No change
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.03% 4,520 $208K New
IWN iShares Russell 2000 Value E 0.03% 1,371 $207K No change
USMV iShares MSCI USA Min Vol Fac 0.03% 2,187 $205K New
CRM Salesforce Inc. 0.03% 762 $204K Reduce -8.0%
QCOM Qualcomm Inc. 0.03% 1,329 $204K New
IJJ iShares S&P Mid-Cap 400 Valu 0.03% 1,685 $202K New
WEC WEC Energy Group Inc. 0.03% 1,847 $201K New
NAD Nuveen Quality Municipal Inc. 0.03% 15,500 $179K No change
DNP DNP Select Income Fund Inc. 0.02% 11,903 $118K No change

Portfolio Sells Q4 2024 → Q1 2025
AGG iShares Core U.S. Aggregate Sold out 0.00% −0.19
BND Vanguard Total Bond Market Reduce -53.9% 0.14% −0.19
VXUS Vanguard Total Intl Stock Reduce -46.9% 0.17% −0.17
IEFA iShares Core MSCI Eafe ETF Reduce -65.4% 0.07% −0.14
TSLA Tesla Inc. Reduce -19.3% 0.12% −0.14
CDNS Cadence Design SYS Inc. Reduce -5.8% 0.32% −0.13
ITOT iShares Core S&P Total U.S. Reduce -9.3% 0.42% −0.12
VEU Vanguard Ftse All-World Ex-U Reduce -12.3% 0.52% −0.11
VXF Vanguard Extended Market ETF Sold out 0.00% −0.11
ON On Semiconductor Reduce -52.1% 0.04% −0.10
SCHB Schwab US Broad Market ETF Reduce -11.2% 0.21% −0.07
IYR iShares US Real Estate ETF Sold out 0.00% −0.06
BKE The Buckle Inc. Sold out 0.00% −0.05
MUB iShares National Muni Bond E Reduce -35.7% 0.06% −0.05
APO Apollo Global Management Inc. Sold out 0.00% −0.04
MTUM iShares MSCI USA Momentum Fa Sold out 0.00% −0.04
VGT Vanguard Info Tech ETF Sold out 0.00% −0.04
VBK Van Morst SML-Cap Gro-Usd Inc. Sold out 0.00% −0.04
IXUS iShares Core Intl Stock ETF Reduce -4.7% 0.21% −0.02
IAGG iShares Intl Aggregate Bond Reduce -4.5% 0.13% −0.02
NFLX Netflix Inc. Reduce -9.8% 0.12% −0.02
IWM iShares Russell 2000 ETF Reduce -15.8% 0.04% −0.02
CRM Salesforce Inc. Reduce -8.0% 0.03% −0.02
SPTS SS SPDR P St Term TSY ETF Reduce -4.1% 0.11% −0.02
EEM iShares MSCI Emerging Market Reduce -17.9% 0.04% −0.01
IEMG iShares Core MSCI Emerging Reduce -6.0% 0.07% −0.01
SCHF Schwab Intl Equity ETF Reduce -0.0% 0.23% −0.01
BAC Bank of America Corp. Reduce -1.0% 0.04% −0.01
MBB iShares MBS ETF Reduce -4.7% 0.05% −0.01
UNH Unitedhealth Group Inc. Reduce -5.5% 0.05% −0.01
IVE iShares S&P 500 Value ETF Reduce -3.1% 0.04% −0.01
VSGX Vanguard ESG Intl Stock ETF Reduce -1.0% 0.05% −0.00

Portfolio Buys Q4 2024 → Q1 2025
VEA Vanguard Ftse Developed ETF Add +15.2% 15.81% +1.43
VTEB Vanguard Tax-Exempt Bond ETF Add +31.3% 2.44% +0.35
DFEV Dimensional Emrg MRKT Val New 0.17% +0.17
VWO Vanguard Ftse Emerging Marke Add +11.5% 5.59% +0.15
GLDM SPDR Gold Minishares Trust New 0.15% +0.15
ROE Ast US Eq WGT QLTY Kings ETF New 0.14% +0.14
EFAV iShares MSCI Eafe Min Vol Fa New 0.14% +0.14
AVUV Avantis US Small Cap Value Add +174.6% 0.24% +0.13
BRK.A Berkshire Hathaway Inc. Class A New 0.13% +0.13
META Meta Platforms Inc. Class A Add +85.1% 0.33% +0.13
AVDV Avantis Intl S/C Value ETF Add +336.4% 0.17% +0.13
HYMB SS SPDR N Ice HY Muni ETF New 0.11% +0.11
BSCY Invesco Bulletshares 2034 CB Add +61.8% 0.35% +0.11
SPY SS SPDR S&P 500 ETF Trust-US Add +190.3% 0.17% +0.10
BSCT Invesco Bulletshares 2029 CB Add +16.4% 1.78% +0.09
BSCV Invesco Bulletshares 2031 CB Add +19.6% 1.04% +0.09
BSCU Invesco Bulletshares 2030 CB Add +16.9% 1.39% +0.08
BTAL Agf US Market Neutral Anti-B New 0.08% +0.08
DGRW Wisdomtree U.S. Quality Divi New 0.08% +0.08
SPDW Ste STR SPDR PT DW Eu ETF Add +147.8% 0.14% +0.08
BLV Vanguard Long-Term Bond ETF Add +12.3% 2.00% +0.07
SPGP Invesco S&P 500 Garp ETF New 0.07% +0.07
IHDG Wisdomtree International Hed New 0.07% +0.07
BSCX Invesco Bulletshares 2033 CB Add +21.9% 0.63% +0.06
ABBV Abbvie Inc. New 0.06% +0.06
VMBS Vanguard Mortgage-Backed Sec Add +12.5% 2.01% +0.06
MCD McDonald's Corp. New 0.06% +0.06
IWF iShares Russell 1000 Growth New 0.05% +0.05
BSCW Invesco Bulletshares 2032 CB Add +18.3% 0.75% +0.05
CVX Chevron Corp. New 0.05% +0.05
ABT Abbott Laboratories New 0.05% +0.05
MUNI PIMCO Intermediate Municipal New 0.05% +0.05
XOM Exxon Mobil Corp. New 0.05% +0.05
SPIB SS SPDR P Int C Corp. ETF New 0.04% +0.04
PPI Astoria Real Assets ETF New 0.04% +0.04
GLD SPDR Gold Shares Add +46.7% 0.11% +0.04
VOO Vanguard S&P 500 ETF Add +25.5% 0.54% +0.04
SPTI SS SPDR P Int Term TSY ETF Add +75.1% 0.10% +0.04
SPYM Ste STR SPDR PT S&P 500 ETF New 0.04% +0.04
SYK Stryker Corp. New 0.04% +0.04
AVUS Avantis U.S. Equity ETF New 0.04% +0.04
IUSB Ishr CR Unvrse Usd BD ETF-Ui New 0.03% +0.03
USMV iShares MSCI USA Min Vol Fac New 0.03% +0.03
QCOM Qualcomm Inc. New 0.03% +0.03
IJJ iShares S&P Mid-Cap 400 Valu New 0.03% +0.03
WEC WEC Energy Group Inc. New 0.03% +0.03
QQQ Invesco QQQ Trust Series 1 Add +28.8% 0.59% +0.03
HD Home Depot Inc. Add +50.8% 0.15% +0.03
BSCS Invesco Bulletshares 2028 CB Add +11.9% 2.10% +0.03
VYM Vanguard High DVD Yield ETF Add +68.6% 0.08% +0.03

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