Concord Asset Management, LLC

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

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), Concord Asset Management, LLC reported 120 stock positions worth $577.3 million. Its top holding was Ste STR SPDR PT DW Eu ETF (SPDW) at 5.6% of the portfolio, followed by SS SPDR P St C Corp. ETF (SPSB, 5.4%) and iShares 0-1 Year Treasury Bo (SHV, 5.4%). Compared with Q3 2025, it opened 1 new position, sold out of 2, added to 80 and reduced 37. The biggest buy was Truist Financial (TFC, shares +529%) and the biggest sale Wisdomtree US Midcap Dividen (DON, shares −2%).

Most Recent 13F: Q2 2026
Location: ABINGDON, VA
CIK: 0002031885
Portfolio Value: $577.3M (Q4 2025)
SEC Filing: 0002031885-26-000001 ↗ filed Jan 29, 2026

Holdings Value

Holdings 120 stocks · $577.3M


SPDW Ste STR SPDR PT DW Eu ETF	5.58%	725,152	$32.2M	Add +4.2%
SPSB SS SPDR P St C Corp. ETF	5.40%	1,033,002	$31.2M	Add +3.2%
SHV iShares 0-1 Year Treasury Bo	5.38%	282,211	$31.1M	Add +3.1%
SPTI SS SPDR P Int Term TSY ETF	5.31%	1,063,605	$30.7M	Add +3.5%
HYBL SS Blackstone High Inc. ETF	5.30%	1,076,804	$30.6M	Add +3.6%
SPIB SS SPDR P Int C Corp. ETF	5.30%	904,674	$30.6M	Add +3.7%
SPYG SS SPDR P S&P 500 Growth ETF	3.83%	207,074	$22.1M	Add +1.4%
AVEM Avantis Emerging Markets Eq	3.05%	228,930	$17.6M	Add +4.8%
NVDA Nvidia Corp.	3.04%	94,032	$17.5M	Add +0.8%
AAPL Apple Inc.	2.73%	58,064	$15.8M	Add +0.2%
MSFT Microsoft Corp.	2.55%	30,407	$14.7M	Add +4.0%
AVGO Broadcom Inc.	1.82%	30,345	$10.5M	Add +0.8%
DWX State Street SPDR S&P Intern	1.79%	235,513	$10.3M	Add +4.4%
AMZN Amazon.com Inc.	1.57%	39,236	$9.1M	Add +1.7%
GOOGL Alphabet Inc. Class A	1.56%	28,784	$9.0M	Reduce -0.1%
AVUV Avantis US Small Cap Value	1.52%	86,126	$8.8M	Add +3.7%
JPM JPMorgan Chase & Co.	1.49%	26,611	$8.6M	Add +2.1%
XMHQ Invesco S&P Midcap Qual ETF	1.46%	82,057	$8.4M	Add +3.4%
DON Wisdomtree US Midcap Dividen	1.45%	162,452	$8.4M	Reduce -1.8%
META Meta Platforms Inc. Class A	1.37%	11,995	$7.9M	Add +7.1%
IGRO iShares Intl Div Growth ETF	1.17%	81,375	$6.7M	Add +5.2%
VIGI Vanguard Int Div App Indx FD	1.15%	72,450	$6.6M	Add +2.8%
AVLV Avantis US Large Cap Value	1.13%	85,832	$6.5M	Reduce -1.2%
DGRO iShares Core Dividend Growth	0.97%	81,085	$5.6M	Reduce -2.2%
GS Goldman Sachs Group Inc.	0.88%	5,790	$5.1M	Add +1.4%
CAT Caterpillar Inc.	0.75%	7,514	$4.3M	Reduce -2.0%
MS Morgan Stanley	0.74%	24,127	$4.3M	Add +1.2%
KO The Coca-Cola Co.	0.74%	61,000	$4.3M	Add +1.5%
BRK.B Berkshire Hathaway Inc. Class B	0.72%	8,275	$4.2M	Add +2.2%
XOM Exxon Mobil Corp.	0.71%	33,968	$4.1M	Add +2.1%
LMT Lockheed Martin Corp.	0.69%	8,287	$4.0M	Add +2.0%
NOBL Proshares S&P 500 Dividend A	0.69%	38,177	$4.0M	Add +0.4%
BIL SS SPDR BB 1-3M T-Bill ETF	0.68%	43,210	$3.9M	Add +28.0%
TSLA Tesla Inc.	0.65%	8,371	$3.8M	Reduce -0.1%
JNJ Johnson & Johnson	0.65%	18,132	$3.8M	Reduce -0.6%
NEE Nextera Energy Inc.	0.64%	45,707	$3.7M	Reduce -0.9%
HD Home Depot Inc.	0.61%	10,305	$3.5M	Add +9.6%
LLY Eli Lilly & Co.	0.60%	3,202	$3.4M	Reduce -1.4%
UNP Union Pacific Corp.	0.57%	14,299	$3.3M	Add +1.6%
AMAT Applied Materials Inc.	0.57%	12,867	$3.3M	Reduce -1.6%
TFC Truist Financial Corp.	0.56%	65,686	$3.2M	Add +528.6%
STLD Steel Dynamics Inc.	0.55%	18,741	$3.2M	Add +0.1%
MA Mastercard Inc. Class A	0.55%	5,517	$3.1M	Add +3.4%
MCK McKesson Corp.	0.54%	3,795	$3.1M	Add +0.3%
SO The Southern Co.	0.54%	35,683	$3.1M	Add +2.4%
V Visa Inc. Class A	0.53%	8,735	$3.1M	Add +4.0%
COP Conocophillips	0.52%	32,044	$3.0M	Add +0.2%
AMGN Amgen Inc.	0.52%	9,112	$3.0M	Reduce -0.2%
DVYE iShares Emerging Markets Div	0.51%	94,656	$2.9M	Add +1.0%
CVS CVS Health Corp.	0.50%	36,729	$2.9M	Add +1.9%
DVYA iShares Asia/Pacific Dividen	0.50%	65,829	$2.9M	Add +2.3%
LRCX Lam Research Corp.	0.50%	16,888	$2.9M	Reduce -2.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.49%	25,110	$2.9M	Add +4.5%
COST Costco Wholesale Corp.	0.48%	3,233	$2.8M	Add +5.8%
WMT Walmart Inc.	0.48%	24,995	$2.8M	Add +2.4%
CRM Salesforce Inc.	0.48%	10,494	$2.8M	Reduce -0.5%
SMH Vaneck Semiconductor ETF	0.48%	7,685	$2.8M	Reduce -3.1%
PG The Procter & Gamble Co.	0.45%	18,312	$2.6M	Add +4.9%
GOOG Alphabet Inc. Class C	0.44%	8,105	$2.5M	Add +0.6%
CB Chubb Ltd.	0.43%	7,940	$2.5M	Add +1.1%
GWW WW Grainger Inc.	0.42%	2,422	$2.4M	Add +2.9%
INTU Intuit Inc.	0.42%	3,667	$2.4M	Add +2.9%
ETN Eaton Corp. PLC	0.41%	7,479	$2.4M	Add +5.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.39%	14,511	$2.2M	Add +1.3%
TRV The Travelers Cos Inc.	0.39%	7,673	$2.2M	Add +2.5%
WSM Williams-Sonoma Inc.	0.38%	12,294	$2.2M	Add +3.5%
ADP Automatic Data Processing	0.36%	8,126	$2.1M	Add +4.0%
KLAC KLA Corp.	0.35%	1,666	$2.0M	Reduce -0.6%
MCD McDonald's Corp.	0.34%	6,451	$2.0M	Add +1.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.34%	6,639	$2.0M	Reduce -0.8%
SCHD Schwab US DVD Equity ETF	0.33%	69,825	$1.9M	Reduce -3.1%
XSHD Invesco S&P Smallcap High Di	0.33%	146,937	$1.9M	Add +2.9%
ORCL Oracle Corp.	0.31%	9,206	$1.8M	Add +28.9%
ISRG Intuitive Surgical Inc.	0.31%	3,137	$1.8M	Reduce -1.4%
CDNS Cadence Design SYS Inc.	0.31%	5,643	$1.8M	Add +4.2%
UNH Unitedhealth Group Inc.	0.30%	5,295	$1.7M	Add +2.4%
SPYM Ste STR SPDR PT S&P 500 ETF	0.28%	20,008	$1.6M	Add +6.3%
PANW Palo Alto Networks Inc.	0.28%	8,654	$1.6M	Add +4.3%
ABT Abbott Laboratories	0.27%	12,662	$1.6M	Add +4.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.25%	26,276	$1.4M	Reduce -0.1%
C Citigroup Inc.	0.25%	12,306	$1.4M	Reduce -0.4%
NOW ServiceNow Inc.	0.25%	9,367	$1.4M	Add +7.5%
WFC Wells Fargo & Co.	0.24%	15,055	$1.4M	Reduce -0.6%
DUK Duke Energy Corp.	0.24%	11,781	$1.4M	Reduce -2.5%
CL Colgate-Palmolive Co.	0.23%	17,110	$1.4M	Add +1.9%
VZ Verizon Communications Inc.	0.23%	33,114	$1.3M	Add +0.6%
CSCO Cisco Systems Inc.	0.22%	16,843	$1.3M	Reduce -0.3%
ABBV Abbvie Inc.	0.22%	5,619	$1.3M	Reduce -0.1%
VOO Vanguard S&P 500 ETF	0.22%	2,020	$1.3M	No change
AFL Aflac Inc.	0.22%	11,387	$1.3M	Add +0.3%
D Dominion Energy Inc.	0.22%	21,263	$1.2M	Add +1.3%
CMCSA Comcast Corp. Class A	0.21%	40,337	$1.2M	Add +11.4%
SPDG SS SPDR P S&P Sec N D ETF	0.21%	29,204	$1.2M	Reduce -2.4%
TDV Proshares S&P Tech DVD Arist	0.20%	13,551	$1.2M	Reduce -3.8%
CVX Chevron Corp.	0.20%	7,501	$1.1M	Add +0.6%
JQUA JPMorgan US Quality Factor	0.19%	17,513	$1.1M	Reduce -2.4%
MRSH Marsh & McLennan Cos	0.18%	5,684	$1.1M	Reduce -5.8%
BMY Bristol-Myers Squibb Co.	0.18%	19,319	$1.0M	Reduce -2.2%
PFE Pfizer Inc.	0.18%	41,769	$1.0M	Reduce -0.3%
QCOM Qualcomm Inc.	0.18%	5,988	$1.0M	Reduce -0.0%
PEP Pepsico Inc.	0.17%	6,988	$1.0M	Reduce -1.5%
VYM Vanguard High DVD Yield ETF	0.17%	6,907	$991K	Add +3.4%
CTRA Coterra Energy Inc.	0.16%	35,237	$927K	Add +5.0%
BLK BlackRock Inc.	0.15%	830	$888K	Add +2.9%
ITW Illinois Tool Works	0.15%	3,591	$884K	Add +1.1%
SRLN SS Blackstone Sr Loan ETF	0.15%	20,464	$845K	Add +2.8%
DRI Darden Restaurants Inc.	0.14%	4,520	$832K	Add +3.0%
QQQ Invesco QQQ Trust Series 1	0.14%	1,336	$821K	Reduce -0.1%
SPY SS SPDR S&P 500 ETF Trust-US	0.14%	1,199	$818K	Add +2.7%
SPGI S&P Global Inc.	0.08%	934	$488K	Add +4.6%
FLTR Vaneck Ig Floating Rate ETF	0.08%	17,608	$449K	Reduce -2.0%
CI The Cigna Group	0.08%	1,623	$447K	Add +0.9%
VGT Vanguard Info Tech ETF	0.08%	592	$446K	No change
LIN Linde PLC	0.08%	1,031	$439K	Add +3.8%
SWKS Skyworks Solutions Inc.	0.07%	6,074	$385K	Add +1.7%
SPAB SS SPDR P Agg Bond ETF	0.06%	13,049	$336K	Add +14.5%
USMV iShares MSCI USA Min Vol Fac	0.05%	2,779	$262K	Reduce -0.0%
XEL Xcel Energy Inc.	0.04%	3,200	$236K	Reduce -0.0%
DSI iShares ESG MSCI KLD 400 ETF	0.04%	1,780	$229K	Reduce -35.5%
IDXX Idexx Laboratories Inc.	0.04%	311	$210K	New

Portfolio Sells Q3 2025 → Q4 2025


DON Wisdomtree US Midcap Dividen	Reduce -1.8%	1.45%	−0.12
NULV Nuveen ESG Large-Cap Val ETF	Sold out	0.00%	−0.06
DGRO iShares Core Dividend Growth	Reduce -2.2%	0.97%	−0.05
DFAI Dimensional International Co.	Sold out	0.00%	−0.04
MRSH Marsh & McLennan Cos	Reduce -5.8%	0.18%	−0.04
DUK Duke Energy Corp.	Reduce -2.5%	0.24%	−0.03
SCHD Schwab US DVD Equity ETF	Reduce -3.1%	0.33%	−0.03
TSLA Tesla Inc.	Reduce -0.1%	0.65%	−0.02
DSI iShares ESG MSCI KLD 400 ETF	Reduce -35.5%	0.04%	−0.02
TDV Proshares S&P Tech DVD Arist	Reduce -3.8%	0.20%	−0.02
ABBV Abbvie Inc.	Reduce -0.1%	0.22%	−0.01
PFE Pfizer Inc.	Reduce -0.3%	0.18%	−0.01
JQUA JPMorgan US Quality Factor	Reduce -2.4%	0.19%	−0.01
AVLV Avantis US Large Cap Value	Reduce -1.2%	1.13%	−0.01
SPDG SS SPDR P S&P Sec N D ETF	Reduce -2.4%	0.21%	−0.01
PEP Pepsico Inc.	Reduce -1.5%	0.17%	−0.01
XEL Xcel Energy Inc.	Reduce -0.0%	0.04%	−0.01
FLTR Vaneck Ig Floating Rate ETF	Reduce -2.0%	0.08%	−0.01
QQQ Invesco QQQ Trust Series 1	Reduce -0.1%	0.14%	−0.00
QCOM Qualcomm Inc.	Reduce -0.0%	0.18%	−0.00
USMV iShares MSCI USA Min Vol Fac	Reduce -0.0%	0.05%	−0.00
IBM Intl Business Machines Corp.	Reduce -0.8%	0.34%	−0.00
NEE Nextera Energy Inc.	Reduce -0.9%	0.64%	+0.00
BAC Bank of America Corp.	Reduce -0.1%	0.25%	+0.00
SMH Vaneck Semiconductor ETF	Reduce -3.1%	0.48%	+0.01
WFC Wells Fargo & Co.	Reduce -0.6%	0.24%	+0.01
CSCO Cisco Systems Inc.	Reduce -0.3%	0.22%	+0.01
BMY Bristol-Myers Squibb Co.	Reduce -2.2%	0.18%	+0.02
C Citigroup Inc.	Reduce -0.4%	0.25%	+0.02
KLAC KLA Corp.	Reduce -0.6%	0.35%	+0.02
CRM Salesforce Inc.	Reduce -0.5%	0.48%	+0.03
JNJ Johnson & Johnson	Reduce -0.6%	0.65%	+0.04
AMGN Amgen Inc.	Reduce -0.2%	0.52%	+0.05
ISRG Intuitive Surgical Inc.	Reduce -1.4%	0.31%	+0.05
CAT Caterpillar Inc.	Reduce -2.0%	0.75%	+0.08
LRCX Lam Research Corp.	Reduce -2.1%	0.50%	+0.08
AMAT Applied Materials Inc.	Reduce -1.6%	0.57%	+0.09
LLY Eli Lilly & Co.	Reduce -1.4%	0.60%	+0.15
GOOGL Alphabet Inc. Class A	Reduce -0.1%	1.56%	+0.29

Portfolio Buys Q3 2025 → Q4 2025


TFC Truist Financial Corp.	Add +528.6%	0.56%	+0.47
SPDW Ste STR SPDR PT DW Eu ETF	Add +4.2%	5.58%	+0.17
BIL SS SPDR BB 1-3M T-Bill ETF	Add +28.0%	0.68%	+0.12
GOOG Alphabet Inc. Class C	Add +0.6%	0.44%	+0.08
STLD Steel Dynamics Inc.	Add +0.1%	0.55%	+0.08
AVEM Avantis Emerging Markets Eq	Add +4.8%	3.05%	+0.07
GS Goldman Sachs Group Inc.	Add +1.4%	0.88%	+0.06
AAPL Apple Inc.	Add +0.2%	2.73%	+0.05
MS Morgan Stanley	Add +1.2%	0.74%	+0.05
IGRO iShares Intl Div Growth ETF	Add +5.2%	1.17%	+0.05
DWX State Street SPDR S&P Intern	Add +4.4%	1.79%	+0.04
IDXX Idexx Laboratories Inc.	New	0.04%	+0.04
AMZN Amazon.com Inc.	Add +1.7%	1.57%	+0.03
XOM Exxon Mobil Corp.	Add +2.1%	0.71%	+0.03
CB Chubb Ltd.	Add +1.1%	0.43%	+0.03
WMT Walmart Inc.	Add +2.4%	0.48%	+0.03
AVUV Avantis US Small Cap Value	Add +3.7%	1.52%	+0.02
CTRA Coterra Energy Inc.	Add +5.0%	0.16%	+0.02
AVGO Broadcom Inc.	Add +0.8%	1.82%	+0.02
GWW WW Grainger Inc.	Add +2.9%	0.42%	+0.02
KO The Coca-Cola Co.	Add +1.5%	0.74%	+0.01
DVYA iShares Asia/Pacific Dividen	Add +2.3%	0.50%	+0.01
CVS CVS Health Corp.	Add +1.9%	0.50%	+0.01
SPYM Ste STR SPDR PT S&P 500 ETF	Add +6.3%	0.28%	+0.01
TJX TJX Companies Inc.	Add +1.3%	0.39%	+0.01
V Visa Inc. Class A	Add +4.0%	0.53%	+0.01
MCK McKesson Corp.	Add +0.3%	0.54%	+0.01
TRV The Travelers Cos Inc.	Add +2.5%	0.39%	+0.01
DVYE iShares Emerging Markets Div	Add +1.0%	0.51%	+0.01
SPGI S&P Global Inc.	Add +4.6%	0.08%	+0.01
SPAB SS SPDR P Agg Bond ETF	Add +14.5%	0.06%	+0.00
CMCSA Comcast Corp. Class A	Add +11.4%	0.21%	+0.00
VIGI Vanguard Int Div App Indx FD	Add +2.8%	1.15%	+0.00
VYM Vanguard High DVD Yield ETF	Add +3.4%	0.17%	+0.00
SPY SS SPDR S&P 500 ETF Trust-US	Add +2.7%	0.14%	+0.00
SRLN SS Blackstone Sr Loan ETF	Add +2.8%	0.15%	−0.00
DIS The Walt Disney Co.	Add +4.5%	0.49%	−0.01
MA Mastercard Inc. Class A	Add +3.4%	0.55%	−0.01
CI The Cigna Group	Add +0.9%	0.08%	−0.01
DRI Darden Restaurants Inc.	Add +3.0%	0.14%	−0.01
JPM JPMorgan Chase & Co.	Add +2.1%	1.49%	−0.01
MCD McDonald's Corp.	Add +1.9%	0.34%	−0.01
LIN Linde PLC	Add +3.8%	0.08%	−0.01
CL Colgate-Palmolive Co.	Add +1.9%	0.23%	−0.01
CVX Chevron Corp.	Add +0.6%	0.20%	−0.01
AFL Aflac Inc.	Add +0.3%	0.22%	−0.01
ITW Illinois Tool Works	Add +1.1%	0.15%	−0.02
SWKS Skyworks Solutions Inc.	Add +1.7%	0.07%	−0.02
BLK BlackRock Inc.	Add +2.9%	0.15%	−0.02
D Dominion Energy Inc.	Add +1.3%	0.22%	−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