Concord Asset Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 2, 2025), Concord Asset Management, LLC reported 122 stock positions worth $453.7 million. Its top holding was SS SPDR P St C Corp. ETF (SPSB) at 6.0% of the portfolio, followed by iShares 0-1 Year Treasury Bo (SHV, 5.8%) and SS SPDR P Int Term TSY ETF (SPTI, 5.7%). Compared with Q4 2024, it opened 12 new positions, sold out of 19, added to 56 and reduced 50. The biggest buy was Ste STR SPDR PT DW Eu ETF (SPDW, shares +577%) and the biggest sale an exit from SS SPDR S&P 600 SC Val ETF (SLYV).
- Most Recent 13F
- Q2 2026
- Location
- ABINGDON, VA
- CIK
- 0002031885
- Portfolio Value
- $453.7M (Q1 2025)
- SEC Filing
- 0002031885-25-000002 ↗ filed May 2, 2025
Holdings Value
Holdings 122 stocks · $453.7M
| SPSB SS SPDR P St C Corp. ETF | 6.01% | 909,990 | $27.3M | Reduce -3.2% |
| SHV iShares 0-1 Year Treasury Bo | 5.82% | 239,311 | $26.4M | Reduce -0.9% |
| SPTI SS SPDR P Int Term TSY ETF | 5.69% | 907,812 | $25.8M | Reduce -20.4% |
| SPIB SS SPDR P Int C Corp. ETF | 5.56% | 766,235 | $25.2M | Add +4.3% |
| SPDW Ste STR SPDR PT DW Eu ETF | 5.37% | 658,632 | $24.3M | Add +577.4% |
| HYBL SS Blackstone High Inc. ETF | 5.14% | 842,532 | $23.3M | Add +57.4% |
| AAPL Apple Inc. | 3.00% | 66,540 | $13.6M | Reduce -2.9% |
| MSFT Microsoft Corp. | 2.33% | 28,181 | $10.6M | Reduce -12.7% |
| SPYG SS SPDR P S&P 500 Growth ETF | 2.20% | 127,735 | $10.0M | Add +2.5% |
| NVDA Nvidia Corp. | 2.17% | 95,872 | $9.8M | Add +5.7% |
| JQUA JPMorgan US Quality Factor | 2.15% | 179,641 | $9.7M | Add +3.2% |
| AVEM Avantis Emerging Markets Eq | 1.93% | 147,114 | $8.8M | Reduce -27.4% |
| DON Wisdomtree US Midcap Dividen | 1.61% | 156,630 | $7.3M | Add +19.9% |
| DWX State Street SPDR S&P Intern | 1.58% | 177,699 | $7.2M | Add +114.6% |
| XMHQ Invesco S&P Midcap Qual ETF | 1.56% | 78,959 | $7.1M | Add +52.7% |
| AVUV Avantis US Small Cap Value | 1.48% | 82,388 | $6.7M | New |
| AMZN Amazon.com Inc. | 1.47% | 36,979 | $6.7M | Reduce -10.3% |
| JPM JPMorgan Chase & Co. | 1.42% | 26,764 | $6.4M | Add +3.7% |
| META Meta Platforms Inc. Class A | 1.31% | 11,435 | $5.9M | Reduce -13.5% |
| AVLV Avantis US Large Cap Value | 1.19% | 88,266 | $5.4M | Add +6.8% |
| AVGO Broadcom Inc. | 1.16% | 29,785 | $5.3M | Reduce -30.0% |
| DGRO iShares Core Dividend Growth | 1.14% | 87,996 | $5.2M | Reduce -57.7% |
| GOOGL Alphabet Inc. Class A | 1.00% | 29,326 | $4.6M | Reduce -8.7% |
| KO The Coca-Cola Co. | 0.94% | 58,207 | $4.3M | Reduce -12.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.94% | 8,059 | $4.2M | Reduce -16.3% |
| IGRO iShares Intl Div Growth ETF | 0.88% | 54,141 | $4.0M | Add +467.5% |
| VIGI Vanguard Int Div App Indx FD | 0.88% | 47,341 | $4.0M | Add +512.6% |
| LMT Lockheed Martin Corp. | 0.83% | 8,131 | $3.8M | Add +48.1% |
| NEE Nextera Energy Inc. | 0.81% | 54,831 | $3.7M | Add +23.5% |
| NOBL Proshares S&P 500 Dividend A | 0.81% | 37,899 | $3.7M | Reduce -18.2% |
| SO The Southern Co. | 0.79% | 39,181 | $3.6M | Add +6.8% |
| XOM Exxon Mobil Corp. | 0.77% | 32,680 | $3.5M | Reduce -23.4% |
| SMIN iShares MSCI India Small-Cap | 0.72% | 46,073 | $3.2M | New |
| MCK McKesson Corp. | 0.69% | 4,499 | $3.1M | New |
| HD Home Depot Inc. | 0.68% | 8,651 | $3.1M | Reduce -14.1% |
| JNJ Johnson & Johnson | 0.68% | 19,720 | $3.1M | Reduce -4.8% |
| INDA iShares MSCI India ETF | 0.65% | 55,133 | $2.9M | New |
| COP Conocophillips | 0.65% | 32,548 | $2.9M | Reduce -10.7% |
| GS Goldman Sachs Group Inc. | 0.64% | 5,461 | $2.9M | Add +13.8% |
| UNP Union Pacific Corp. | 0.63% | 12,921 | $2.8M | Reduce -5.2% |
| COST Costco Wholesale Corp. | 0.61% | 2,827 | $2.8M | Reduce -34.6% |
| MS Morgan Stanley | 0.60% | 24,432 | $2.7M | Add +105.8% |
| CAT Caterpillar Inc. | 0.59% | 8,992 | $2.7M | Add +47.7% |
| PG The Procter & Gamble Co. | 0.58% | 15,932 | $2.6M | Reduce -5.4% |
| MA Mastercard Inc. Class A | 0.58% | 4,954 | $2.6M | Reduce -10.1% |
| LLY Eli Lilly & Co. | 0.56% | 3,038 | $2.5M | Reduce -38.2% |
| TXN Texas Instruments Inc. | 0.55% | 16,460 | $2.5M | Reduce -4.4% |
| V Visa Inc. Class A | 0.54% | 7,336 | $2.5M | Reduce -8.7% |
| AMGN Amgen Inc. | 0.54% | 8,762 | $2.4M | Add +6.4% |
| ADP Automatic Data Processing | 0.52% | 7,985 | $2.3M | Reduce -4.7% |
| WMT Walmart Inc. | 0.51% | 24,516 | $2.3M | Reduce -40.4% |
| CMCSA Comcast Corp. Class A | 0.50% | 66,439 | $2.3M | Add +11.4% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.49% | 2,243 | $2.2M | Reduce -5.9% |
| CB Chubb Ltd. | 0.49% | 7,821 | $2.2M | Reduce -12.2% |
| UNH Unitedhealth Group Inc. | 0.48% | 5,135 | $2.2M | Reduce -32.0% |
| DUK Duke Energy Corp. | 0.47% | 17,485 | $2.1M | Add +227.9% |
| DVYE iShares Emerging Markets Div | 0.46% | 78,495 | $2.1M | Add +66.3% |
| STLD Steel Dynamics Inc. | 0.45% | 16,614 | $2.0M | New |
| CRM Salesforce Inc. | 0.44% | 7,999 | $2.0M | Add +10.8% |
| DVYA iShares Asia/Pacific Dividen | 0.44% | 56,806 | $2.0M | Add +69.0% |
| SCHD Schwab US DVD Equity ETF | 0.44% | 78,635 | $2.0M | Reduce -29.4% |
| SMH Vaneck Semiconductor ETF | 0.44% | 10,045 | $2.0M | Add +113.8% |
| MCD McDonald's Corp. | 0.44% | 6,199 | $2.0M | Reduce -21.3% |
| ETN Eaton Corp. PLC | 0.43% | 7,108 | $2.0M | New |
| WSM Williams-Sonoma Inc. | 0.41% | 12,879 | $1.9M | Reduce -47.8% |
| AMAT Applied Materials Inc. | 0.40% | 12,512 | $1.8M | Add +3.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.39% | 19,114 | $1.8M | Reduce -42.2% |
| TRV The Travelers Cos Inc. | 0.38% | 6,715 | $1.7M | Reduce -3.2% |
| TSLA Tesla Inc. | 0.37% | 6,659 | $1.7M | New |
| VRTX Vertex Pharmaceuticals Inc. | 0.37% | 3,380 | $1.7M | Reduce -5.3% |
| INTU Intuit Inc. | 0.36% | 2,763 | $1.6M | Add +47.0% |
| ABT Abbott Laboratories | 0.34% | 11,978 | $1.6M | Reduce -24.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.34% | 12,222 | $1.5M | Reduce -16.5% |
| ISRG Intuitive Surgical Inc. | 0.31% | 2,913 | $1.4M | New |
| CL Colgate-Palmolive Co. | 0.31% | 15,052 | $1.4M | Reduce -16.7% |
| CDNS Cadence Design SYS Inc. | 0.31% | 5,243 | $1.4M | Add +12.9% |
| REGN Regeneron Pharmaceuticals | 0.29% | 2,259 | $1.3M | Add +75.5% |
| MRSH Marsh & McLennan Cos | 0.29% | 6,033 | $1.3M | Reduce -0.3% |
| XSHD Invesco S&P Smallcap High Di | 0.29% | 101,930 | $1.3M | Add +35.4% |
| GOOG Alphabet Inc. Class C | 0.27% | 7,835 | $1.2M | Reduce -15.9% |
| NOW ServiceNow Inc. | 0.26% | 1,474 | $1.2M | Add +1.1% |
| VZ Verizon Communications Inc. | 0.26% | 27,939 | $1.2M | Add +36.8% |
| KLAC KLA Corp. | 0.26% | 1,798 | $1.2M | Reduce -9.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.25% | 13,036 | $1.1M | New |
| TDV Proshares S&P Tech DVD Arist | 0.24% | 16,125 | $1.1M | Reduce -14.6% |
| AFL Aflac Inc. | 0.24% | 10,189 | $1.1M | Add +34.4% |
| SPDG SS SPDR P S&P Sec N D ETF | 0.24% | 30,868 | $1.1M | Reduce -19.3% |
| PFE Pfizer Inc. | 0.24% | 48,232 | $1.1M | Add +265.1% |
| ABBV Abbvie Inc. | 0.24% | 6,068 | $1.1M | Reduce -78.5% |
| CVX Chevron Corp. | 0.24% | 7,837 | $1.1M | Add +22.9% |
| LRCX Lam Research Corp. | 0.23% | 15,723 | $1.0M | Add +3.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.23% | 26,953 | $1.0M | Add +55.6% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.23% | 16,568 | $1.0M | Add +10.3% |
| PANW Palo Alto Networks Inc. | 0.23% | 6,077 | $1.0M | Add +11.1% |
| SNPS Synopsys Inc. | 0.22% | 2,361 | $997K | Add +2.9% |
| PEP Pepsico Inc. | 0.22% | 6,864 | $977K | Reduce -49.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.21% | 3,859 | $947K | New |
| WFC Wells Fargo & Co. | 0.19% | 12,755 | $867K | Add +89.8% |
| VYM Vanguard High DVD Yield ETF | 0.18% | 6,825 | $832K | Add +113.8% |
| C Citigroup Inc. | 0.18% | 12,229 | $811K | Add +4.7% |
Portfolio Sells Q4 2024 → Q1 2025
| SLYV SS SPDR S&P 600 SC Val ETF | Sold out | 0.00% | −2.16 |
| DGRO iShares Core Dividend Growth | Reduce -57.7% | 1.14% | −1.66 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -20.4% | 5.69% | −1.30 |
| AVGO Broadcom Inc. | Reduce -30.0% | 1.16% | −1.01 |
| ABBV Abbvie Inc. | Reduce -78.5% | 0.24% | −0.86 |
| AAPL Apple Inc. | Reduce -2.9% | 3.00% | −0.77 |
| AVEM Avantis Emerging Markets Eq | Reduce -27.4% | 1.93% | −0.69 |
| MSFT Microsoft Corp. | Reduce -12.7% | 2.33% | −0.66 |
| WSM Williams-Sonoma Inc. | Reduce -47.8% | 0.41% | −0.59 |
| AMZN Amazon.com Inc. | Reduce -10.3% | 1.47% | −0.51 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.47 |
| META Meta Platforms Inc. Class A | Reduce -13.5% | 1.31% | −0.39 |
| UNH Unitedhealth Group Inc. | Reduce -32.0% | 0.48% | −0.35 |
| LIN Linde PLC | Reduce -80.7% | 0.09% | −0.35 |
| GE General Electric | Sold out | 0.00% | −0.34 |
| GOOGL Alphabet Inc. Class A | Reduce -8.7% | 1.00% | −0.33 |
| WMT Walmart Inc. | Reduce -40.4% | 0.51% | −0.30 |
| LLY Eli Lilly & Co. | Reduce -38.2% | 0.56% | −0.28 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -42.2% | 0.39% | −0.28 |
| COST Costco Wholesale Corp. | Reduce -34.6% | 0.61% | −0.26 |
| PEP Pepsico Inc. | Reduce -49.3% | 0.22% | −0.24 |
| XOM Exxon Mobil Corp. | Reduce -23.4% | 0.77% | −0.24 |
| SCHD Schwab US DVD Equity ETF | Reduce -29.4% | 0.44% | −0.23 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.22 |
| NOBL Proshares S&P 500 Dividend A | Reduce -18.2% | 0.81% | −0.20 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.19 |
| HD Home Depot Inc. | Reduce -14.1% | 0.68% | −0.18 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.16 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -3.2% | 6.01% | −0.16 |
| CME Cme Group Inc. | Sold out | 0.00% | −0.16 |
| TXN Texas Instruments Inc. | Reduce -4.4% | 0.55% | −0.16 |
| RTX RTX Corp. | Sold out | 0.00% | −0.15 |
| COP Conocophillips | Reduce -10.7% | 0.65% | −0.15 |
| LEN Lennar Corp. Class A | Sold out | 0.00% | −0.12 |
| GOOG Alphabet Inc. Class C | Reduce -15.9% | 0.27% | −0.12 |
| VLO Valero Energy Corp. | Sold out | 0.00% | −0.10 |
| DVN Devon Energy Corp. | Sold out | 0.00% | −0.09 |
| EOG EOG Resources Inc. | Sold out | 0.00% | −0.08 |
| SPDG SS SPDR P S&P Sec N D ETF | Reduce -19.3% | 0.24% | −0.08 |
| LYB Lyondellbasell Indu Class A | Sold out | 0.00% | −0.07 |
| FNF Fidelity National Financial | Sold out | 0.00% | −0.07 |
| BKLN Invesco Senior Loan ETF | Sold out | 0.00% | −0.07 |
| TDV Proshares S&P Tech DVD Arist | Reduce -14.6% | 0.24% | −0.07 |
| MCD McDonald's Corp. | Reduce -21.3% | 0.44% | −0.07 |
| GWW WW Grainger Inc. | Reduce -5.9% | 0.49% | −0.06 |
| MA Mastercard Inc. Class A | Reduce -10.1% | 0.58% | −0.06 |
| HUM Humana Inc. | Sold out | 0.00% | −0.06 |
| UNP Union Pacific Corp. | Reduce -5.2% | 0.63% | −0.06 |
| ABT Abbott Laboratories | Reduce -24.9% | 0.34% | −0.05 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.05 |
Portfolio Buys Q4 2024 → Q1 2025
| SPDW Ste STR SPDR PT DW Eu ETF | Add +577.4% | 5.37% | +4.64 |
| HYBL SS Blackstone High Inc. ETF | Add +57.4% | 5.14% | +1.81 |
| AVUV Avantis US Small Cap Value | New | 1.48% | +1.48 |
| DWX State Street SPDR S&P Intern | Add +114.6% | 1.58% | +0.94 |
| VIGI Vanguard Int Div App Indx FD | Add +512.6% | 0.88% | +0.74 |
| IGRO iShares Intl Div Growth ETF | Add +467.5% | 0.88% | +0.74 |
| SMIN iShares MSCI India Small-Cap | New | 0.72% | +0.72 |
| MCK McKesson Corp. | New | 0.69% | +0.69 |
| INDA iShares MSCI India ETF | New | 0.65% | +0.65 |
| STLD Steel Dynamics Inc. | New | 0.45% | +0.45 |
| XMHQ Invesco S&P Midcap Qual ETF | Add +52.7% | 1.56% | +0.44 |
| ETN Eaton Corp. PLC | New | 0.43% | +0.43 |
| TSLA Tesla Inc. | New | 0.37% | +0.37 |
| DUK Duke Energy Corp. | Add +227.9% | 0.47% | +0.34 |
| ISRG Intuitive Surgical Inc. | New | 0.31% | +0.31 |
| MS Morgan Stanley | Add +105.8% | 0.60% | +0.28 |
| SPIB SS SPDR P Int C Corp. ETF | Add +4.3% | 5.56% | +0.27 |
| DIS The Walt Disney Co. | New | 0.25% | +0.25 |
| LMT Lockheed Martin Corp. | Add +48.1% | 0.83% | +0.24 |
| IBM Intl Business Machines Corp. | New | 0.21% | +0.21 |
| DVYE iShares Emerging Markets Div | Add +66.3% | 0.46% | +0.19 |
| SMH Vaneck Semiconductor ETF | Add +113.8% | 0.44% | +0.19 |
| DVYA iShares Asia/Pacific Dividen | Add +69.0% | 0.44% | +0.18 |
| QCOM Qualcomm Inc. | New | 0.17% | +0.17 |
| CSCO Cisco Systems Inc. | New | 0.16% | +0.16 |
| PFE Pfizer Inc. | Add +265.1% | 0.24% | +0.16 |
| DON Wisdomtree US Midcap Dividen | Add +19.9% | 1.61% | +0.15 |
| SO The Southern Co. | Add +6.8% | 0.79% | +0.12 |
| NEE Nextera Energy Inc. | Add +23.5% | 0.81% | +0.11 |
| INTU Intuit Inc. | Add +47.0% | 0.36% | +0.10 |
| CAT Caterpillar Inc. | Add +47.7% | 0.59% | +0.10 |
| D Dominion Energy Inc. | Add +130.3% | 0.18% | +0.10 |
| VYM Vanguard High DVD Yield ETF | Add +113.8% | 0.18% | +0.09 |
| SRLN SS Blackstone Sr Loan ETF | Add +120.4% | 0.17% | +0.09 |
| REGN Regeneron Pharmaceuticals | Add +75.5% | 0.29% | +0.09 |
| WFC Wells Fargo & Co. | Add +89.8% | 0.19% | +0.09 |
| VZ Verizon Communications Inc. | Add +36.8% | 0.26% | +0.08 |
| AFL Aflac Inc. | Add +34.4% | 0.24% | +0.07 |
| AMGN Amgen Inc. | Add +6.4% | 0.54% | +0.06 |
| BAC Bank of America Corp. | Add +55.6% | 0.23% | +0.06 |
| JPM JPMorgan Chase & Co. | Add +3.7% | 1.42% | +0.06 |
| XSHD Invesco S&P Smallcap High Di | Add +35.4% | 0.29% | +0.05 |
| PHM Pultegroup Inc. | Add +43.7% | 0.17% | +0.04 |
| CVX Chevron Corp. | Add +22.9% | 0.24% | +0.03 |
| GS Goldman Sachs Group Inc. | Add +13.8% | 0.64% | +0.03 |
| CI The Cigna Group | Add +7.6% | 0.12% | +0.03 |
| ITW Illinois Tool Works | Add +28.5% | 0.17% | +0.03 |
| SPGI S&P Global Inc. | Add +25.5% | 0.09% | +0.01 |
| CMCSA Comcast Corp. Class A | Add +11.4% | 0.50% | +0.01 |
| FANG Diamondback Energy Inc. | Add +30.3% | 0.14% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 126 | $645.8M | SPDW, HYBL, SPTI, SPIB, SPSB |
| Q1 2026 | 117 | $591.8M | SPDW, SPSB, SPTI, SPIB, HYBL |
| Q4 2025 | 120 | $577.3M | SPDW, SPSB, SHV, SPTI, HYBL |
| Q3 2025 | 121 | $550.5M | SPSB, SHV, SPDW, HYBL, SPTI |
| Q2 2025 | 201 | $664.8M | NVDA, SPSB, HYBL, SHV, SPIB |
| Q1 2025 | 122 | $453.7M | SPSB, SHV, SPTI, SPIB, SPDW |
| Q4 2024 | 129 | $455.0M | SPTI, SPSB, SHV, SPIB, AAPL |
| Q3 2024 | 125 | $442.5M | SPSB, FLTR, SRLN, SHV, BKLN |
| Q2 2024 | 131 | $403.2M | SPSB, FLTR, SRLN, SHV, BKLN |
| Q1 2024 | 132 | $380.0M | SPSB, SRLN, FLTR, BKLN, SHV |