Concord Asset Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), Concord Asset Management, LLC reported 121 stock positions worth $550.5 million. Its top holding was SS SPDR P St C Corp. ETF (SPSB) at 5.5% of the portfolio, followed by iShares 0-1 Year Treasury Bo (SHV, 5.5%) and Ste STR SPDR PT DW Eu ETF (SPDW, 5.4%). Compared with Q2 2025, it opened 1 new position, sold out of 81, added to 46 and reduced 73. The biggest buy was SS SPDR P S&P 500 Growth ETF (SPYG, shares +56%) and the biggest sale Nvidia (NVDA, shares −55%).
- Most Recent 13F
- Q2 2026
- Location
- ABINGDON, VA
- CIK
- 0002031885
- Portfolio Value
- $550.5M (Q3 2025)
- SEC Filing
- 0002031885-25-000006 ↗ filed Nov 5, 2025
Holdings Value
Holdings 121 stocks · $550.5M
| SPSB SS SPDR P St C Corp. ETF | 5.51% | 1,001,020 | $30.3M | Add +3.7% |
| SHV iShares 0-1 Year Treasury Bo | 5.49% | 273,694 | $30.2M | Add +4.7% |
| SPDW Ste STR SPDR PT DW Eu ETF | 5.41% | 696,237 | $29.8M | Add +1.9% |
| HYBL SS Blackstone High Inc. ETF | 5.41% | 1,039,172 | $29.8M | Add +2.6% |
| SPTI SS SPDR P Int Term TSY ETF | 5.40% | 1,027,727 | $29.7M | Add +7.1% |
| SPIB SS SPDR P Int C Corp. ETF | 5.37% | 872,611 | $29.6M | Add +5.8% |
| SPYG SS SPDR P S&P 500 Growth ETF | 3.88% | 204,147 | $21.3M | Add +55.9% |
| NVDA Nvidia Corp. | 3.16% | 93,279 | $17.4M | Reduce -54.8% |
| AVEM Avantis Emerging Markets Eq | 2.98% | 218,405 | $16.4M | Add +26.1% |
| MSFT Microsoft Corp. | 2.75% | 29,235 | $15.1M | Reduce -25.0% |
| AAPL Apple Inc. | 2.68% | 57,935 | $14.8M | Reduce -15.8% |
| AVGO Broadcom Inc. | 1.80% | 30,089 | $9.9M | Reduce -3.8% |
| DWX State Street SPDR S&P Intern | 1.75% | 225,608 | $9.6M | Reduce -1.2% |
| DON Wisdomtree US Midcap Dividen | 1.57% | 165,446 | $8.7M | Reduce -30.2% |
| AMZN Amazon.com Inc. | 1.54% | 38,570 | $8.5M | Reduce -12.5% |
| XMHQ Invesco S&P Midcap Qual ETF | 1.51% | 79,325 | $8.3M | Reduce -1.3% |
| AVUV Avantis US Small Cap Value | 1.50% | 83,055 | $8.3M | Add +1.8% |
| META Meta Platforms Inc. Class A | 1.49% | 11,202 | $8.2M | Reduce -1.1% |
| JPM JPMorgan Chase & Co. | 1.49% | 26,055 | $8.2M | Reduce -10.6% |
| GOOGL Alphabet Inc. Class A | 1.27% | 28,807 | $7.0M | Reduce -7.8% |
| VIGI Vanguard Int Div App Indx FD | 1.15% | 70,464 | $6.3M | Add +10.2% |
| AVLV Avantis US Large Cap Value | 1.14% | 86,836 | $6.3M | Reduce -7.6% |
| IGRO iShares Intl Div Growth ETF | 1.12% | 77,340 | $6.2M | Add +10.8% |
| DGRO iShares Core Dividend Growth | 1.02% | 82,879 | $5.6M | Reduce -27.9% |
| GS Goldman Sachs Group Inc. | 0.83% | 5,709 | $4.5M | Add +4.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.74% | 8,097 | $4.1M | Reduce -13.9% |
| LMT Lockheed Martin Corp. | 0.74% | 8,122 | $4.1M | Reduce -3.0% |
| KO The Coca-Cola Co. | 0.72% | 60,073 | $4.0M | Reduce -2.3% |
| NOBL Proshares S&P 500 Dividend A | 0.71% | 38,036 | $3.9M | Reduce -1.0% |
| HD Home Depot Inc. | 0.69% | 9,401 | $3.8M | Reduce -7.2% |
| MS Morgan Stanley | 0.69% | 23,844 | $3.8M | Add +0.7% |
| XOM Exxon Mobil Corp. | 0.68% | 33,279 | $3.8M | Reduce -9.9% |
| TSLA Tesla Inc. | 0.68% | 8,378 | $3.7M | Reduce -0.1% |
| CAT Caterpillar Inc. | 0.66% | 7,670 | $3.7M | Reduce -20.7% |
| NEE Nextera Energy Inc. | 0.63% | 46,146 | $3.5M | Reduce -17.4% |
| JNJ Johnson & Johnson | 0.61% | 18,247 | $3.4M | Reduce -12.5% |
| UNP Union Pacific Corp. | 0.60% | 14,080 | $3.3M | Add +10.4% |
| SO The Southern Co. | 0.60% | 34,847 | $3.3M | Reduce -21.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.56% | 33,749 | $3.1M | Add +12.7% |
| MA Mastercard Inc. Class A | 0.55% | 5,336 | $3.0M | Reduce -7.5% |
| COP Conocophillips | 0.55% | 31,989 | $3.0M | Add +0.1% |
| MCK McKesson Corp. | 0.53% | 3,782 | $2.9M | Add +6.0% |
| V Visa Inc. Class A | 0.52% | 8,402 | $2.9M | Reduce -9.6% |
| COST Costco Wholesale Corp. | 0.51% | 3,056 | $2.8M | Add +9.6% |
| DVYE iShares Emerging Markets Div | 0.51% | 93,686 | $2.8M | Add +12.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.50% | 24,034 | $2.8M | Add +53.5% |
| CVS CVS Health Corp. | 0.49% | 36,029 | $2.7M | Add +5.7% |
| DVYA iShares Asia/Pacific Dividen | 0.49% | 64,333 | $2.7M | Add +3.5% |
| PG The Procter & Gamble Co. | 0.49% | 17,452 | $2.7M | Reduce -19.4% |
| AMAT Applied Materials Inc. | 0.49% | 13,073 | $2.7M | Add +3.8% |
| ETN Eaton Corp. PLC | 0.48% | 7,086 | $2.7M | Add +0.1% |
| STLD Steel Dynamics Inc. | 0.47% | 18,713 | $2.6M | Add +4.3% |
| SMH Vaneck Semiconductor ETF | 0.47% | 7,932 | $2.6M | Reduce -2.6% |
| AMGN Amgen Inc. | 0.47% | 9,133 | $2.6M | Reduce -3.5% |
| WMT Walmart Inc. | 0.46% | 24,415 | $2.5M | Reduce -12.4% |
| CRM Salesforce Inc. | 0.45% | 10,542 | $2.5M | Add +11.2% |
| LLY Eli Lilly & Co. | 0.45% | 3,248 | $2.5M | Reduce -11.1% |
| INTU Intuit Inc. | 0.44% | 3,564 | $2.4M | Add +26.8% |
| WSM Williams-Sonoma Inc. | 0.42% | 11,877 | $2.3M | Reduce -10.0% |
| LRCX Lam Research Corp. | 0.42% | 17,254 | $2.3M | Reduce -1.4% |
| ADP Automatic Data Processing | 0.42% | 7,814 | $2.3M | Reduce -12.0% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.41% | 2,355 | $2.2M | Add +13.8% |
| CB Chubb Ltd. | 0.40% | 7,856 | $2.2M | Reduce -1.2% |
| TRV The Travelers Cos Inc. | 0.38% | 7,489 | $2.1M | Add +3.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.38% | 14,329 | $2.1M | Reduce -1.6% |
| ORCL Oracle Corp. | 0.36% | 7,143 | $2.0M | Add +199.0% |
| SCHD Schwab US DVD Equity ETF | 0.36% | 72,085 | $2.0M | Reduce -45.1% |
| GOOG Alphabet Inc. Class C | 0.36% | 8,055 | $2.0M | Reduce -24.2% |
| MCD McDonald's Corp. | 0.35% | 6,331 | $1.9M | Reduce -13.4% |
| XSHD Invesco S&P Smallcap High Di | 0.35% | 142,775 | $1.9M | Add +3.5% |
| CDNS Cadence Design SYS Inc. | 0.35% | 5,414 | $1.9M | Add +4.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.34% | 6,694 | $1.9M | Add +7.9% |
| KLAC KLA Corp. | 0.33% | 1,676 | $1.8M | Add +4.8% |
| UNH Unitedhealth Group Inc. | 0.32% | 5,169 | $1.8M | Add +0.6% |
| PANW Palo Alto Networks Inc. | 0.31% | 8,295 | $1.7M | Add +34.4% |
| ABT Abbott Laboratories | 0.30% | 12,137 | $1.6M | Reduce -7.1% |
| NOW ServiceNow Inc. | 0.29% | 1,742 | $1.6M | Add +14.0% |
| DUK Duke Energy Corp. | 0.27% | 12,077 | $1.5M | Reduce -46.6% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.27% | 18,831 | $1.5M | Reduce -5.6% |
| VZ Verizon Communications Inc. | 0.26% | 32,909 | $1.4M | Reduce -15.9% |
| ISRG Intuitive Surgical Inc. | 0.26% | 3,183 | $1.4M | Reduce -9.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.25% | 26,316 | $1.4M | Reduce -20.1% |
| CL Colgate-Palmolive Co. | 0.24% | 16,797 | $1.3M | Add +15.8% |
| ABBV Abbvie Inc. | 0.24% | 5,627 | $1.3M | Reduce -27.5% |
| D Dominion Energy Inc. | 0.23% | 20,986 | $1.3M | Add +2.6% |
| WFC Wells Fargo & Co. | 0.23% | 15,139 | $1.3M | Add +8.6% |
| AFL Aflac Inc. | 0.23% | 11,351 | $1.3M | Reduce -9.6% |
| C Citigroup Inc. | 0.23% | 12,355 | $1.3M | Reduce -1.5% |
| VOO Vanguard S&P 500 ETF | 0.22% | 2,020 | $1.2M | Reduce -29.1% |
| TDV Proshares S&P Tech DVD Arist | 0.22% | 14,085 | $1.2M | Reduce -6.1% |
| MRSH Marsh & McLennan Cos | 0.22% | 6,033 | $1.2M | No change |
| SPDG SS SPDR P S&P Sec N D ETF | 0.22% | 29,916 | $1.2M | Reduce -7.6% |
| CVX Chevron Corp. | 0.21% | 7,455 | $1.2M | Reduce -19.6% |
| CSCO Cisco Systems Inc. | 0.21% | 16,890 | $1.2M | Add +0.8% |
| CMCSA Comcast Corp. Class A | 0.21% | 36,199 | $1.1M | Reduce -49.0% |
| JQUA JPMorgan US Quality Factor | 0.20% | 17,943 | $1.1M | Reduce -89.8% |
| PFE Pfizer Inc. | 0.19% | 41,910 | $1.1M | Reduce -5.9% |
| QCOM Qualcomm Inc. | 0.18% | 5,990 | $997K | Reduce -3.1% |
| PEP Pepsico Inc. | 0.18% | 7,093 | $996K | Reduce -20.1% |
| BLK BlackRock Inc. | 0.17% | 807 | $941K | Reduce -11.1% |
Portfolio Sells Q2 2025 → Q3 2025
| NVDA Nvidia Corp. | Reduce -54.8% | 3.16% | −1.75 |
| DFSD Dimensional Short Duration | Sold out | 0.00% | −1.52 |
| DFUS Dimensional US Eq MKT ETF | Sold out | 0.00% | −1.50 |
| JQUA JPMorgan US Quality Factor | Reduce -89.8% | 0.20% | −1.38 |
| SPHQ Invesco S&P 500 Quality ETF | Sold out | 0.00% | −1.24 |
| DFCF Dimensional Core Fixed Inc. | Sold out | 0.00% | −1.16 |
| DFAX Dimensional World Ex US Core | Sold out | 0.00% | −0.62 |
| DUSB Dimension Ultrashort Fi ETF | Sold out | 0.00% | −0.52 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.49 |
| DFAC Dimensional US Core Equity 2 | Sold out | 0.00% | −0.45 |
| SMIN iShares MSCI India Small-Cap | Sold out | 0.00% | −0.45 |
| FEZ State Street SPDR Euro Stoxx | Sold out | 0.00% | −0.38 |
| TFC Truist Financial Corp. | Reduce -85.0% | 0.09% | −0.36 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Sold out | 0.00% | −0.35 |
| DFAU Dimensional US Core Equity M | Sold out | 0.00% | −0.35 |
| IEI iShares 3-7 Year Treasury Bo | Sold out | 0.00% | −0.31 |
| DFAS Dimensional US Small Cap ETF | Sold out | 0.00% | −0.30 |
| HDV iShares Core High Dividend E | Sold out | 0.00% | −0.28 |
| SGOV iShares 0-3 Month Treasury B | Sold out | 0.00% | −0.28 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −0.25 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -68.8% | 0.15% | −0.25 |
| INDA iShares MSCI India ETF | Sold out | 0.00% | −0.23 |
| DON Wisdomtree US Midcap Dividen | Reduce -30.2% | 1.57% | −0.22 |
| IDV iShares International Select | Sold out | 0.00% | −0.21 |
| JEPI JPMorgan Equity Premium Inco | Sold out | 0.00% | −0.20 |
| DFNM Dimensional National Muni BD | Sold out | 0.00% | −0.20 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.18 |
| DFAI Dimensional International Co. | Reduce -84.6% | 0.04% | −0.18 |
| CMCSA Comcast Corp. Class A | Reduce -49.0% | 0.21% | −0.17 |
| JEPQ JPM Nasdaq Equity Premium | Sold out | 0.00% | −0.17 |
| SCHD Schwab US DVD Equity ETF | Reduce -45.1% | 0.36% | −0.17 |
| MSFT Microsoft Corp. | Reduce -25.0% | 2.75% | −0.17 |
| DIA SS SPDR Dow Jones Indus Avg | Sold out | 0.00% | −0.16 |
| VCIT Vanguard Int-Term Corporate | Sold out | 0.00% | −0.14 |
| IYW iShares Ustechnology ETF | Sold out | 0.00% | −0.14 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -59.9% | 0.15% | −0.13 |
| DUK Duke Energy Corp. | Reduce -46.6% | 0.27% | −0.13 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.11 |
| BRK.A Berkshire Hathaway Inc. Class A | Sold out | 0.00% | −0.11 |
| PYLD PIMCO Multisector Bond Actv | Sold out | 0.00% | −0.11 |
| IVV iShares Core S&P 500 ETF | Sold out | 0.00% | −0.10 |
| DFSB Dim GLB Sustain Fix Inc. ETF | Sold out | 0.00% | −0.10 |
| RPV Invesco S&P 500 Pure Value E | Sold out | 0.00% | −0.10 |
| FLTR Vaneck Ig Floating Rate ETF | Reduce -61.2% | 0.08% | −0.09 |
| FLXR TCW Flexible Income ETF | Sold out | 0.00% | −0.09 |
| BKLN Invesco Senior Loan ETF | Sold out | 0.00% | −0.09 |
| VGIT Vanguard Intermediate-Term T | Sold out | 0.00% | −0.09 |
| DGRO iShares Core Dividend Growth | Reduce -27.9% | 1.02% | −0.08 |
| MO Altria Group Inc. | Sold out | 0.00% | −0.08 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.07 |
Portfolio Buys Q2 2025 → Q3 2025
| SPYG SS SPDR P S&P 500 Growth ETF | Add +55.9% | 3.88% | +2.00 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +1.9% | 5.41% | +1.25 |
| SPTI SS SPDR P Int Term TSY ETF | Add +7.1% | 5.40% | +1.24 |
| SPIB SS SPDR P Int C Corp. ETF | Add +5.8% | 5.37% | +1.21 |
| AVEM Avantis Emerging Markets Eq | Add +26.1% | 2.98% | +1.19 |
| SHV iShares 0-1 Year Treasury Bo | Add +4.7% | 5.49% | +1.15 |
| SPSB SS SPDR P St C Corp. ETF | Add +3.7% | 5.51% | +1.12 |
| HYBL SS Blackstone High Inc. ETF | Add +2.6% | 5.41% | +1.05 |
| AVUV Avantis US Small Cap Value | Add +1.8% | 1.50% | +0.38 |
| IGRO iShares Intl Div Growth ETF | Add +10.8% | 1.12% | +0.29 |
| ORCL Oracle Corp. | Add +199.0% | 0.36% | +0.29 |
| VIGI Vanguard Int Div App Indx FD | Add +10.2% | 1.15% | +0.28 |
| GS Goldman Sachs Group Inc. | Add +4.8% | 0.83% | +0.25 |
| DIS The Walt Disney Co. | Add +53.5% | 0.50% | +0.21 |
| MS Morgan Stanley | Add +0.7% | 0.69% | +0.19 |
| UNP Union Pacific Corp. | Add +10.4% | 0.60% | +0.16 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +12.7% | 0.56% | +0.15 |
| DVYE iShares Emerging Markets Div | Add +12.4% | 0.51% | +0.15 |
| CVS CVS Health Corp. | Add +5.7% | 0.49% | +0.14 |
| AMAT Applied Materials Inc. | Add +3.8% | 0.49% | +0.14 |
| MCK McKesson Corp. | Add +6.0% | 0.53% | +0.14 |
| DVYA iShares Asia/Pacific Dividen | Add +3.5% | 0.49% | +0.13 |
| STLD Steel Dynamics Inc. | Add +4.3% | 0.47% | +0.13 |
| COP Conocophillips | Add +0.1% | 0.55% | +0.12 |
| PANW Palo Alto Networks Inc. | Add +34.4% | 0.31% | +0.12 |
| KLAC KLA Corp. | Add +4.8% | 0.33% | +0.11 |
| INTU Intuit Inc. | Add +26.8% | 0.44% | +0.11 |
| CDNS Cadence Design SYS Inc. | Add +4.6% | 0.35% | +0.11 |
| ETN Eaton Corp. PLC | Add +0.1% | 0.48% | +0.10 |
| COST Costco Wholesale Corp. | Add +9.6% | 0.51% | +0.10 |
| TRV The Travelers Cos Inc. | Add +3.7% | 0.38% | +0.09 |
| GWW WW Grainger Inc. | Add +13.8% | 0.41% | +0.08 |
| SWKS Skyworks Solutions Inc. | New | 0.08% | +0.08 |
| UNH Unitedhealth Group Inc. | Add +0.6% | 0.32% | +0.08 |
| XSHD Invesco S&P Smallcap High Di | Add +3.5% | 0.35% | +0.07 |
| IBM Intl Business Machines Corp. | Add +7.9% | 0.34% | +0.07 |
| CRM Salesforce Inc. | Add +11.2% | 0.45% | +0.07 |
| WFC Wells Fargo & Co. | Add +8.6% | 0.23% | +0.06 |
| D Dominion Energy Inc. | Add +2.6% | 0.23% | +0.06 |
| NOW ServiceNow Inc. | Add +14.0% | 0.29% | +0.05 |
| CTRA Coterra Energy Inc. | Add +37.7% | 0.14% | +0.05 |
| DRI Darden Restaurants Inc. | Add +42.8% | 0.15% | +0.05 |
| CL Colgate-Palmolive Co. | Add +15.8% | 0.24% | +0.05 |
| ITW Illinois Tool Works | Add +0.7% | 0.17% | +0.04 |
| CSCO Cisco Systems Inc. | Add +0.8% | 0.21% | +0.04 |
| LIN Linde PLC | Add +5.8% | 0.09% | +0.02 |
| SPAB SS SPDR P Agg Bond ETF | Add +14.6% | 0.05% | +0.02 |
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 |