Concord Asset Management, LLC

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

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%
D Dominion Energy Inc.	0.18%	14,966	$798K	Add +130.3%
SRLN SS Blackstone Sr Loan ETF	0.17%	19,506	$793K	Add +120.4%
ITW Illinois Tool Works	0.17%	3,287	$778K	Add +28.5%
BMY Bristol-Myers Squibb Co.	0.17%	15,559	$755K	Add +7.0%
QCOM Qualcomm Inc.	0.17%	5,342	$750K	New
PHM Pultegroup Inc.	0.17%	7,418	$750K	Add +43.7%
CSCO Cisco Systems Inc.	0.16%	13,325	$741K	New
FANG Diamondback Energy Inc.	0.14%	4,699	$637K	Add +30.3%
SPY SS SPDR S&P 500 ETF Trust-US	0.14%	1,164	$623K	No change
QQQ Invesco QQQ Trust Series 1	0.13%	1,325	$602K	Add +11.2%
BLK BlackRock Inc.	0.13%	674	$602K	Add +23.2%
CI The Cigna Group	0.12%	1,651	$556K	Add +7.6%
FLTR Vaneck Ig Floating Rate ETF	0.10%	17,418	$442K	Reduce -32.8%
LIN Linde PLC	0.09%	920	$412K	Reduce -80.7%
SPGI S&P Global Inc.	0.09%	852	$401K	Add +25.5%
TFC Truist Financial Corp.	0.09%	10,449	$388K	No change
DSI iShares ESG MSCI KLD 400 ETF	0.08%	3,547	$348K	Reduce -9.8%
VGT Vanguard Info Tech ETF	0.07%	593	$308K	Add +7.6%
NULV Nuveen ESG Large-Cap Val ETF	0.06%	7,132	$274K	Reduce -19.0%
SPAB SS SPDR P Agg Bond ETF	0.05%	9,318	$235K	Add +3.6%
USMV iShares MSCI USA Min Vol Fac	0.05%	2,566	$232K	No change
XEL Xcel Energy Inc.	0.05%	3,201	$229K	No change

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