Clark Asset Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 20, 2025), Clark Asset Management, LLC reported 208 stock positions worth $860.4 million. Its top holding was Vanguard Ftse Developed ETF (VEA) at 15.2% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 10.8%) and Vanguard Mrngstr Val ETF-Aui (VTV, 9.2%). Compared with Q2 2025, it opened 22 new positions, sold out of 11, added to 99 and reduced 36. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +175%) and the biggest sale Vanguard Total Bond Market (BND, shares −51%).
- Most Recent 13F
- Q2 2026
- Location
- STRATHAM, NH
- CIK
- 0002062026
- Portfolio Value
- $860.4M (Q3 2025)
- SEC Filing
- 0002063364-25-000222 ↗ filed Oct 20, 2025
Holdings Value
Holdings 208 stocks · $860.4M
| VEA Vanguard Ftse Developed ETF | 15.19% | 2,181,395 | $130.7M | Add +9.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 10.85% | 194,626 | $93.3M | Add +5.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 9.23% | 426,081 | $79.5M | Add +8.7% |
| VWO Vanguard Ftse Emerging Marke | 5.54% | 879,260 | $47.6M | Add +9.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 4.06% | 137,444 | $34.9M | Add +9.6% |
| BNDX Vanguard Total Intl Bond ETF | 3.88% | 674,446 | $33.4M | Add +10.6% |
| BSV Vanguard Short-Term Bond ETF | 3.76% | 409,927 | $32.3M | Add +10.8% |
| AAPL Apple Inc. | 2.60% | 87,981 | $22.4M | Reduce -5.6% |
| BSCP Invesco Bulletshares 2025 CB | 2.12% | 881,714 | $18.2M | Add +34.6% |
| VTI VG Morningstar TS MKT ETF-US | 2.04% | 53,393 | $17.5M | Add +1.6% |
| BSCS Invesco Bulletshares 2028 CB | 2.02% | 844,778 | $17.4M | Add +17.2% |
| BSCR Invesco Bulletshares 2027 CB | 1.97% | 859,144 | $16.9M | Add +14.6% |
| BSCQ Invesco Bulletshares 2026 CB | 1.87% | 823,365 | $16.1M | Add +9.5% |
| BIV Vanguard Intermediate-Term B | 1.87% | 206,038 | $16.1M | Add +8.9% |
| BSCT Invesco Bulletshares 2029 CB | 1.83% | 838,335 | $15.8M | Add +23.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | 1.73% | 297,875 | $14.9M | Add +1.6% |
| VMBS Vanguard Mortgage-Backed Sec | 1.69% | 309,551 | $14.5M | Add +9.8% |
| BLV Vanguard Long-Term Bond ETF | 1.68% | 203,637 | $14.4M | Add +10.0% |
| BSCU Invesco Bulletshares 2030 CB | 1.56% | 791,757 | $13.4M | Add +28.8% |
| VOO Vanguard S&P 500 ETF | 1.43% | 20,089 | $12.3M | Add +175.2% |
| BSCV Invesco Bulletshares 2031 CB | 1.21% | 623,103 | $10.4M | Add +32.0% |
| MSFT Microsoft Corp. | 1.19% | 19,716 | $10.2M | Add +4.0% |
| BSCW Invesco Bulletshares 2032 CB | 0.82% | 336,498 | $7.0M | Add +30.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.76% | 10,863 | $6.5M | Add +29.6% |
| BSCX Invesco Bulletshares 2033 CB | 0.72% | 288,690 | $6.2M | Add +43.9% |
| AMZN Amazon.com Inc. | 0.66% | 25,737 | $5.7M | Add +2.0% |
| NVDA Nvidia Corp. | 0.53% | 24,449 | $4.6M | Add +2.1% |
| BSCY Invesco Bulletshares 2034 CB | 0.50% | 203,865 | $4.3M | Add +69.5% |
| V Visa Inc. Class A | 0.49% | 12,371 | $4.2M | Add +0.7% |
| ITOT iShares Core S&P Total U.S. | 0.47% | 27,834 | $4.1M | Add +35.2% |
| DFAC Dimensional US Core Equity 2 | 0.47% | 104,951 | $4.0M | No change |
| DFUS Dimensional US Eq MKT ETF | 0.45% | 53,604 | $3.9M | Add +73.7% |
| VEU Vanguard Ftse All-World Ex-U | 0.43% | 51,396 | $3.7M | Reduce -0.1% |
| HD Home Depot Inc. | 0.36% | 7,596 | $3.1M | Add +0.5% |
| IVV iShares Core S&P 500 ETF | 0.35% | 4,462 | $3.0M | Reduce -0.1% |
| MA Mastercard Inc. Class A | 0.34% | 5,113 | $2.9M | Add +3.1% |
| META Meta Platforms Inc. Class A | 0.32% | 3,693 | $2.7M | Add +20.7% |
| TSLA Tesla Inc. | 0.31% | 6,046 | $2.7M | Add +3.5% |
| GOOGL Alphabet Inc. Class A | 0.29% | 10,335 | $2.5M | Add +4.9% |
| JPM JPMorgan Chase & Co. | 0.29% | 7,932 | $2.5M | Add +3.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.26% | 3 | $2.3M | Add +200.0% |
| CDNS Cadence Design SYS Inc. | 0.26% | 6,299 | $2.2M | Reduce -4.9% |
| GOOG Alphabet Inc. Class C | 0.25% | 8,980 | $2.2M | Add +8.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.23% | 4,018 | $2.0M | Add +4.4% |
| JNJ Johnson & Johnson | 0.23% | 10,749 | $2.0M | Add +21.0% |
| SCHF Schwab Intl Equity ETF | 0.22% | 82,481 | $1.9M | Reduce -6.3% |
| DE Deere & Co. | 0.21% | 4,023 | $1.8M | No change |
| NSC Norfolk Southern Corp. | 0.19% | 5,520 | $1.7M | Add +5.6% |
| IXUS iShares Core Intl Stock ETF | 0.18% | 18,293 | $1.5M | No change |
| AVUV Avantis US Small Cap Value | 0.17% | 15,106 | $1.5M | Reduce -4.5% |
| VXUS Vanguard Total Intl Stock | 0.17% | 20,273 | $1.5M | Add +1.4% |
| BSMU Invesco Bulletshares 2030 MB | 0.16% | 63,891 | $1.4M | Add +39.5% |
| BSMV Invesco Bulletshares 2031 MB | 0.16% | 66,481 | $1.4M | Add +37.3% |
| SCHB Schwab US Broad Market ETF | 0.16% | 53,257 | $1.4M | Add +0.1% |
| BSMS Invesco Bulletshares 2028 MB | 0.15% | 55,609 | $1.3M | Add +46.4% |
| BSMT Invesco Bulletshares 2029 MB | 0.15% | 55,851 | $1.3M | Add +46.3% |
| TT Trane Technologies PLC | 0.15% | 3,016 | $1.3M | No change |
| DFEV Dimensional Emrg MRKT Val | 0.15% | 39,563 | $1.3M | Reduce -2.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.14% | 1,863 | $1.2M | Reduce -8.2% |
| CMF iShares California Muni Bond | 0.14% | 21,113 | $1.2M | Reduce -9.9% |
| DFAT Dimensional US Target Value | 0.14% | 20,648 | $1.2M | Add +0.1% |
| DFUV Dimensional US Marketwide Va | 0.14% | 26,431 | $1.2M | No change |
| DFIV Dimensional International Va | 0.14% | 25,598 | $1.2M | Add +24.6% |
| BSMW Invesco Bulletshares 2032 MB | 0.13% | 45,515 | $1.1M | Add +50.0% |
| DFAX Dimensional World Ex US Core | 0.13% | 35,693 | $1.1M | No change |
| BSMR Invesco Bulletshares 2027 MB | 0.13% | 45,591 | $1.1M | Add +56.9% |
| AVDV Avantis Intl S/C Value ETF | 0.12% | 11,980 | $1.1M | Add +8.0% |
| GLDM SPDR Gold Minishares Trust | 0.12% | 13,827 | $1.1M | Reduce -5.6% |
| BSCZ Invesco Bulletshares 2035 CB | 0.12% | 49,508 | $1.0M | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.12% | 3,542 | $999K | Reduce -28.9% |
| GLD SPDR Gold Shares | 0.12% | 2,807 | $998K | Add +37.6% |
| IEFA iShares Core MSCI Eafe ETF | 0.12% | 11,339 | $990K | Reduce -19.1% |
| PG The Procter & Gamble Co. | 0.11% | 6,280 | $965K | Add +13.9% |
| NFLX Netflix Inc. | 0.11% | 788 | $945K | Add +3.1% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.11% | 10,799 | $916K | No change |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.11% | 21,288 | $911K | Reduce -5.1% |
| VIG Vanguard Dividend Apprec ETF | 0.11% | 4,215 | $910K | No change |
| VFMF Vanguard US Multifactor ETF | 0.11% | 6,298 | $909K | Add +1.2% |
| IWM iShares Russell 2000 ETF | 0.11% | 3,752 | $908K | Add +123.2% |
| DFAS Dimensional US Small Cap ETF | 0.10% | 12,777 | $875K | Add +0.1% |
| BSMQ Invesco Bulletshares 2026 MB | 0.10% | 36,900 | $872K | Add +32.6% |
| DFIC Dimensional International Co. | 0.10% | 26,156 | $858K | Add +0.2% |
| ROE Ast US Eq WGT QLTY Kings ETF | 0.10% | 23,942 | $828K | Reduce -18.8% |
| SPLV Invesco S&P 500 Low Volatili | 0.10% | 11,200 | $823K | No change |
| ABBV Abbvie Inc. | 0.09% | 3,375 | $781K | Reduce -0.9% |
| NOBL Proshares S&P 500 Dividend A | 0.09% | 7,289 | $751K | No change |
| IEMG iShares Core MSCI Emerging | 0.09% | 11,345 | $748K | Add +4.1% |
| GAP The Gap Inc. | 0.09% | 34,529 | $739K | Add +204.9% |
| ADI Analog Devices Inc. | 0.08% | 2,899 | $712K | No change |
| EMR Emerson Electric Co. | 0.08% | 5,422 | $711K | Add +10.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.08% | 13,567 | $700K | Add +2.4% |
| IWF iShares Russell 1000 Growth | 0.08% | 1,489 | $698K | Add +47.9% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.08% | 1,475 | $684K | Add +9.6% |
| XOM Exxon Mobil Corp. | 0.08% | 5,921 | $668K | Add +15.3% |
| CAT Caterpillar Inc. | 0.08% | 1,398 | $667K | New |
| HYMB SS SPDR N Ice HY Muni ETF | 0.08% | 26,599 | $663K | No change |
| FISV Fiserv Inc. | 0.08% | 5,130 | $661K | No change |
| AVGO Broadcom Inc. | 0.08% | 2,000 | $660K | Add +8.3% |
| MCD McDonald's Corp. | 0.08% | 2,132 | $648K | Reduce -3.2% |
| IJR iShares Core S&P Small-Cap E | 0.08% | 5,448 | $647K | Add +51.5% |
Portfolio Sells Q2 2025 → Q3 2025
| BND Vanguard Total Bond Market | Reduce -50.7% | 0.07% | −0.10 |
| IBM Intl Business Machines Corp. | Reduce -28.9% | 0.12% | −0.08 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Sold out | 0.00% | −0.06 |
| SCHX Schwab US Large-Cap ETF | Reduce -61.7% | 0.03% | −0.05 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.05 |
| IDEV iShares Core MSCI Dev MKTS | Sold out | 0.00% | −0.05 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -47.5% | 0.04% | −0.05 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -0.1% | 0.43% | −0.05 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -19.1% | 0.12% | −0.04 |
| SCHF Schwab Intl Equity ETF | Reduce -6.3% | 0.22% | −0.04 |
| VGK Vanguard Ftse Europe ETF | Sold out | 0.00% | −0.04 |
| CMF iShares California Muni Bond | Reduce -9.9% | 0.14% | −0.04 |
| SPIB SS SPDR P Int C Corp. ETF | Sold out | 0.00% | −0.04 |
| FDX FedEx Corp. | Sold out | 0.00% | −0.04 |
| IAU iShares Gold Trust | Sold out | 0.00% | −0.04 |
| ROE Ast US Eq WGT QLTY Kings ETF | Reduce -18.8% | 0.10% | −0.03 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.03 |
| IVV iShares Core S&P 500 ETF | Reduce -0.1% | 0.35% | −0.03 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.03 |
| APO Apollo Global Management Inc. | Sold out | 0.00% | −0.03 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -36.6% | 0.03% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -8.2% | 0.14% | −0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -32.2% | 0.04% | −0.03 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -44.4% | 0.03% | −0.02 |
| AVUV Avantis US Small Cap Value | Reduce -4.5% | 0.17% | −0.02 |
| VNQ Vanguard Real Estate ETF | Reduce -29.2% | 0.04% | −0.02 |
| SCHA Schwab US Small-Cap ETF | Reduce -37.7% | 0.03% | −0.02 |
| CDNS Cadence Design SYS Inc. | Reduce -4.9% | 0.26% | −0.02 |
| DFEV Dimensional Emrg MRKT Val | Reduce -2.7% | 0.15% | −0.02 |
| VCIT Vanguard Int-Term Corporate | Reduce -10.3% | 0.07% | −0.02 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -5.1% | 0.11% | −0.02 |
| VERV Verve Therapeutics Inc. | Sold out | 0.00% | −0.02 |
| MCD McDonald's Corp. | Reduce -3.2% | 0.08% | −0.01 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -8.4% | 0.06% | −0.01 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -12.9% | 0.04% | −0.01 |
| IHDG Wisdomtree International Hed | Reduce -6.9% | 0.05% | −0.01 |
| IWB iShares Russell 1000 ETF | Reduce -9.0% | 0.05% | −0.01 |
| GLDM SPDR Gold Minishares Trust | Reduce -5.6% | 0.12% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -2.0% | 0.03% | −0.01 |
| DGRE Wisdomtree Emerging Markets | Reduce -12.5% | 0.02% | −0.01 |
| PPI Astoria Real Assets ETF | Reduce -10.6% | 0.03% | −0.01 |
| UBER Uber Technologies Inc. | Reduce -1.8% | 0.04% | −0.01 |
| CVX Chevron Corp. | Reduce -10.0% | 0.03% | −0.01 |
| SCHG Schwab US Large-Cap Growth | Reduce -0.9% | 0.05% | −0.00 |
| ESGV Vanguard ESG US Stock ETF | Reduce -0.1% | 0.04% | −0.00 |
| AAPL Apple Inc. | Reduce -5.6% | 2.60% | −0.00 |
| ABBV Abbvie Inc. | Reduce -0.9% | 0.09% | +0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| VOO Vanguard S&P 500 ETF | Add +175.2% | 1.43% | +0.86 |
| BSCP Invesco Bulletshares 2025 CB | Add +34.6% | 2.12% | +0.27 |
| DFUS Dimensional US Eq MKT ETF | Add +73.7% | 0.45% | +0.17 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +200.0% | 0.26% | +0.16 |
| BSCY Invesco Bulletshares 2034 CB | Add +69.5% | 0.50% | +0.16 |
| BSCU Invesco Bulletshares 2030 CB | Add +28.8% | 1.56% | +0.15 |
| BSCV Invesco Bulletshares 2031 CB | Add +32.0% | 1.21% | +0.14 |
| BSCX Invesco Bulletshares 2033 CB | Add +43.9% | 0.72% | +0.14 |
| QQQ Invesco QQQ Trust Series 1 | Add +29.6% | 0.76% | +0.13 |
| BSCZ Invesco Bulletshares 2035 CB | New | 0.12% | +0.12 |
| VWO Vanguard Ftse Emerging Marke | Add +9.1% | 5.54% | +0.11 |
| BSCT Invesco Bulletshares 2029 CB | Add +23.5% | 1.83% | +0.10 |
| ITOT iShares Core S&P Total U.S. | Add +35.2% | 0.47% | +0.09 |
| BSCW Invesco Bulletshares 2032 CB | Add +30.4% | 0.82% | +0.09 |
| CAT Caterpillar Inc. | New | 0.08% | +0.08 |
| GRMN Garmin Ltd. | New | 0.07% | +0.07 |
| IYY iShares Dow Jones U.S. ETF | New | 0.07% | +0.07 |
| EFA iShares MSCI Eafe ETF | New | 0.06% | +0.06 |
| TSLA Tesla Inc. | Add +3.5% | 0.31% | +0.06 |
| BSSX Invesco Bulletshares 2033 MB | New | 0.06% | +0.06 |
| IWM iShares Russell 2000 ETF | Add +123.2% | 0.11% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +4.9% | 0.29% | +0.06 |
| GOOG Alphabet Inc. Class C | Add +8.7% | 0.25% | +0.05 |
| GAP The Gap Inc. | Add +204.9% | 0.09% | +0.05 |
| JNJ Johnson & Johnson | Add +21.0% | 0.23% | +0.05 |
| GE General Electric | New | 0.05% | +0.05 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.04% | +0.04 |
| BSMY Invesco Bulletshares 2034 MB | New | 0.04% | +0.04 |
| GS Goldman Sachs Group Inc. | New | 0.04% | +0.04 |
| ONEQ Fidelity Nasdaq Comp Indx | New | 0.04% | +0.04 |
| EWJ iShares MSCI Japan ETF | New | 0.04% | +0.04 |
| BSMR Invesco Bulletshares 2027 MB | Add +56.9% | 0.13% | +0.03 |
| BSMT Invesco Bulletshares 2029 MB | Add +46.3% | 0.15% | +0.03 |
| GLD SPDR Gold Shares | Add +37.6% | 0.12% | +0.03 |
| BSMS Invesco Bulletshares 2028 MB | Add +46.4% | 0.15% | +0.03 |
| BSMW Invesco Bulletshares 2032 MB | Add +50.0% | 0.13% | +0.03 |
| AMD Advanced Micro Devices | New | 0.03% | +0.03 |
| GEV GE Vernova Inc. | New | 0.03% | +0.03 |
| BSMU Invesco Bulletshares 2030 MB | Add +39.5% | 0.16% | +0.03 |
| BSMV Invesco Bulletshares 2031 MB | Add +37.3% | 0.16% | +0.03 |
| UNH Unitedhealth Group Inc. | New | 0.03% | +0.03 |
| SHY iShares 1-3 Year Treasury Bo | New | 0.02% | +0.02 |
| SLV iShares Silver Trust | New | 0.02% | +0.02 |
| WEC WEC Energy Group Inc. | New | 0.02% | +0.02 |
| AIQ Global X Art Intel & Tech | New | 0.02% | +0.02 |
| FVD First Trust Value Line DVD | New | 0.02% | +0.02 |
| ABNB Airbnb Inc. Class A | New | 0.02% | +0.02 |
| QUS SS SPDR MSCI U Stratfact ETF | New | 0.02% | +0.02 |
| IWF iShares Russell 1000 Growth | Add +47.9% | 0.08% | +0.02 |
| VYM Vanguard High DVD Yield ETF | Add +68.4% | 0.06% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 294 | $1.3B | VEA, VUG, VTV, VWO, VB |
| Q1 2026 | 267 | $1.1B | VEA, VTV, VUG, VWO, VB |
| Q4 2025 | 237 | $963.3M | VEA, VUG, VTV, VWO, VB |
| Q3 2025 | 208 | $860.4M | VEA, VUG, VTV, VWO, VB |
| Q2 2025 | 197 | $733.7M | VEA, VUG, VTV, VWO, BNDX |
| Q1 2025 | 157 | $596.3M | VEA, VUG, VTV, VWO, BNDX |
| Q4 2024 | 138 | $535.3M | VEA, VUG, VTV, VWO, BNDX |
| Q3 2024 | 122 | $465.6M | VEA, VUG, VTV, VWO, BNDX |
| Q2 2024 | 96 | $361.0M | VEA, VUG, VTV, VWO, BSV |
| Q1 2024 | 86 | $325.5M | VEA, VUG, VTV, BSV, VWO |