Concord Asset Management, LLC

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

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 1, 2026), Concord Asset Management, LLC reported 117 stock positions worth $591.8 million. Its top holding was Ste STR SPDR PT DW Eu ETF (SPDW) at 5.8% of the portfolio, followed by SS SPDR P St C Corp. ETF (SPSB, 5.5%) and SS SPDR P Int Term TSY ETF (SPTI, 5.4%). Compared with Q4 2025, it opened 3 new positions, sold out of 6, added to 81 and reduced 30. The biggest buy was a new position in Vanguard Short-Term Treasury (VGSH) and the biggest sale an exit from iShares 0-1 Year Treasury Bo (SHV).

Most Recent 13F: Q2 2026
Location: ABINGDON, VA
CIK: 0002031885
Portfolio Value: $591.8M (Q1 2026)
SEC Filing: 0002031885-26-000002 ↗ filed May 1, 2026

Holdings Value

Holdings 117 stocks · $591.8M


SPDW Ste STR SPDR PT DW Eu ETF	5.77%	747,992	$34.1M	Add +3.1%
SPSB SS SPDR P St C Corp. ETF	5.47%	1,077,015	$32.4M	Add +4.3%
SPTI SS SPDR P Int Term TSY ETF	5.43%	1,121,967	$32.2M	Add +5.5%
SPIB SS SPDR P Int C Corp. ETF	5.42%	956,840	$32.1M	Add +5.8%
HYBL SS Blackstone High Inc. ETF	5.38%	1,142,730	$31.8M	Add +6.1%
VGSH Vanguard Short-Term Treasury	5.32%	537,841	$31.5M	New
SPYG SS SPDR P S&P 500 Growth ETF	3.52%	212,889	$20.8M	Add +2.8%
AVEM Avantis Emerging Markets Eq	3.25%	238,741	$19.2M	Add +4.3%
NVDA Nvidia Corp.	2.83%	95,957	$16.7M	Add +2.0%
AAPL Apple Inc.	2.63%	61,444	$15.6M	Add +5.8%
MSFT Microsoft Corp.	1.94%	30,994	$11.5M	Add +1.9%
DWX State Street SPDR S&P Intern	1.91%	248,172	$11.3M	Add +5.4%
AVGO Broadcom Inc.	1.67%	31,871	$9.9M	Add +5.0%
AVUV Avantis US Small Cap Value	1.64%	87,778	$9.7M	Add +1.9%
DON Wisdomtree US Midcap Dividen	1.54%	172,926	$9.1M	Add +6.5%
XMHQ Invesco S&P Midcap Qual ETF	1.50%	85,920	$8.9M	Add +4.7%
GOOGL Alphabet Inc. Class A	1.46%	29,972	$8.6M	Add +4.1%
AMZN Amazon.com Inc.	1.42%	40,260	$8.4M	Add +2.6%
JPM JPMorgan Chase & Co.	1.37%	27,642	$8.1M	Add +3.9%
IGRO iShares Intl Div Growth ETF	1.27%	89,722	$7.5M	Add +10.3%
VIGI Vanguard Int Div App Indx FD	1.20%	80,495	$7.1M	Add +11.1%
AVLV Avantis US Large Cap Value	1.13%	82,788	$6.7M	Reduce -3.5%
META Meta Platforms Inc. Class A	1.13%	11,638	$6.7M	Reduce -3.0%
CAT Caterpillar Inc.	1.02%	8,550	$6.1M	Add +13.8%
LMT Lockheed Martin Corp.	0.96%	9,392	$5.7M	Add +13.3%
DGRO iShares Core Dividend Growth	0.91%	76,524	$5.4M	Reduce -5.6%
XOM Exxon Mobil Corp.	0.89%	30,999	$5.3M	Reduce -8.7%
KO The Coca-Cola Co.	0.82%	64,186	$4.9M	Add +5.2%
GS Goldman Sachs Group Inc.	0.77%	5,404	$4.6M	Reduce -6.7%
COP Conocophillips	0.77%	34,612	$4.6M	Add +8.0%
AMAT Applied Materials Inc.	0.77%	13,336	$4.6M	Add +3.6%
JNJ Johnson & Johnson	0.75%	18,094	$4.4M	Reduce -0.2%
NEE Nextera Energy Inc.	0.74%	46,918	$4.4M	Add +2.6%
CVX Chevron Corp.	0.73%	20,740	$4.3M	Add +176.5%
UNP Union Pacific Corp.	0.70%	17,056	$4.1M	Add +19.3%
NOBL Proshares S&P 500 Dividend A	0.67%	37,640	$4.0M	Reduce -1.4%
BIL SS SPDR BB 1-3M T-Bill ETF	0.67%	43,460	$4.0M	Add +0.6%
MS Morgan Stanley	0.65%	23,279	$3.8M	Reduce -3.5%
SO The Southern Co.	0.65%	39,679	$3.8M	Add +11.2%
STLD Steel Dynamics Inc.	0.62%	20,485	$3.7M	Add +9.3%
LRCX Lam Research Corp.	0.62%	17,131	$3.7M	Add +1.4%
HD Home Depot Inc.	0.60%	10,882	$3.6M	Add +5.6%
DVYE iShares Emerging Markets Div	0.59%	100,943	$3.5M	Add +6.6%
ETN Eaton Corp. PLC	0.57%	9,477	$3.4M	Add +26.7%
DVYA iShares Asia/Pacific Dividen	0.57%	69,823	$3.4M	Add +6.1%
TSLA Tesla Inc.	0.55%	8,689	$3.2M	Add +3.8%
MCK McKesson Corp.	0.53%	3,621	$3.1M	Reduce -4.6%
WMT Walmart Inc.	0.53%	25,099	$3.1M	Add +0.4%
PG The Procter & Gamble Co.	0.53%	21,570	$3.1M	Add +17.8%
COST Costco Wholesale Corp.	0.53%	3,119	$3.1M	Reduce -3.5%
AMGN Amgen Inc.	0.52%	8,742	$3.1M	Reduce -4.1%
TFC Truist Financial Corp.	0.51%	65,686	$3.0M	No change
MA Mastercard Inc. Class A	0.50%	5,893	$2.9M	Add +6.8%
GWW WW Grainger Inc.	0.50%	2,698	$2.9M	Add +11.4%
CVS CVS Health Corp.	0.48%	39,568	$2.8M	Add +7.7%
V Visa Inc. Class A	0.47%	9,218	$2.8M	Add +5.5%
LLY Eli Lilly & Co.	0.46%	2,953	$2.7M	Reduce -7.8%
SMH Vaneck Semiconductor ETF	0.46%	7,025	$2.7M	Reduce -8.6%
MCD McDonald's Corp.	0.45%	8,623	$2.7M	Add +33.7%
CB Chubb Ltd.	0.45%	8,156	$2.7M	Add +2.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.44%	26,896	$2.6M	Add +7.1%
CRM Salesforce Inc.	0.41%	13,074	$2.4M	Add +24.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.41%	15,025	$2.4M	Add +3.5%
GOOG Alphabet Inc. Class C	0.39%	8,143	$2.3M	Add +0.5%
XSHD Invesco S&P Smallcap High Di	0.39%	177,636	$2.3M	Add +20.9%
TRV The Travelers Cos Inc.	0.39%	7,991	$2.3M	Add +4.1%
INTU Intuit Inc.	0.38%	5,190	$2.2M	Add +41.5%
RTX RTX Corp.	0.37%	11,219	$2.2M	New
KLAC KLA Corp.	0.34%	1,366	$2.0M	Reduce -18.0%
SCHD Schwab US DVD Equity ETF	0.33%	63,406	$1.9M	Reduce -9.2%
UNH Unitedhealth Group Inc.	0.32%	7,040	$1.9M	Add +33.0%
VZ Verizon Communications Inc.	0.32%	37,830	$1.9M	Add +14.2%
CDNS Cadence Design SYS Inc.	0.31%	6,570	$1.8M	Add +16.4%
DUK Duke Energy Corp.	0.29%	12,971	$1.7M	Add +10.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.28%	6,902	$1.7M	Add +4.0%
SPYM Ste STR SPDR PT S&P 500 ETF	0.28%	21,447	$1.6M	Add +7.2%
NOW ServiceNow Inc.	0.27%	15,004	$1.6M	Add +60.2%
CL Colgate-Palmolive Co.	0.26%	18,308	$1.6M	Add +7.0%
PANW Palo Alto Networks Inc.	0.26%	9,668	$1.5M	Add +11.7%
ABT Abbott Laboratories	0.26%	14,877	$1.5M	Add +17.5%
CSCO Cisco Systems Inc.	0.25%	18,974	$1.5M	Add +12.7%
D Dominion Energy Inc.	0.25%	23,791	$1.5M	Add +11.9%
C Citigroup Inc.	0.24%	12,316	$1.4M	Add +0.1%
AFL Aflac Inc.	0.23%	12,674	$1.4M	Add +11.3%
CTRA Coterra Energy Inc.	0.23%	39,228	$1.4M	Add +11.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.23%	28,024	$1.4M	Add +6.7%
ABBV Abbvie Inc.	0.22%	6,012	$1.3M	Add +7.0%
WFC Wells Fargo & Co.	0.21%	15,925	$1.3M	Add +5.8%
PFE Pfizer Inc.	0.21%	43,571	$1.2M	Add +4.3%
VOO Vanguard S&P 500 ETF	0.20%	2,020	$1.2M	No change
PEP Pepsico Inc.	0.20%	7,744	$1.2M	Add +10.8%
SPDG SS SPDR P S&P Sec N D ETF	0.20%	28,293	$1.2M	Reduce -3.1%
BMY Bristol-Myers Squibb Co.	0.19%	18,974	$1.2M	Reduce -1.8%
CMCSA Comcast Corp. Class A	0.19%	39,630	$1.1M	Reduce -1.8%
ORCL Oracle Corp.	0.19%	7,718	$1.1M	Reduce -16.2%
TDV Proshares S&P Tech DVD Arist	0.19%	13,357	$1.1M	Reduce -1.4%
ITW Illinois Tool Works	0.18%	4,086	$1.1M	Add +13.8%
DRI Darden Restaurants Inc.	0.18%	5,304	$1.0M	Add +17.4%
VYM Vanguard High DVD Yield ETF	0.17%	6,746	$999K	Reduce -2.3%
MRSH Marsh & McLennan Cos	0.16%	5,473	$949K	Reduce -3.7%
BLK BlackRock Inc.	0.16%	984	$946K	Add +18.6%
LIN Linde PLC	0.15%	1,732	$859K	Add +68.0%
SPY SS SPDR S&P 500 ETF Trust-US	0.13%	1,195	$777K	Reduce -0.3%
QQQ Invesco QQQ Trust Series 1	0.13%	1,329	$767K	Reduce -0.5%
QCOM Qualcomm Inc.	0.13%	5,943	$765K	Reduce -0.8%
SRLN SS Blackstone Sr Loan ETF	0.13%	18,823	$756K	Reduce -8.0%
SWKS Skyworks Solutions Inc.	0.08%	8,530	$457K	Add +40.4%
JQUA JPMorgan US Quality Factor	0.08%	7,409	$454K	Reduce -57.7%
VGT Vanguard Info Tech ETF	0.08%	645	$450K	Add +8.9%
FLTR Vaneck Ig Floating Rate ETF	0.08%	17,462	$445K	Reduce -0.8%
SPGI S&P Global Inc.	0.07%	994	$423K	Add +6.4%
SPAB SS SPDR P Agg Bond ETF	0.06%	14,504	$372K	Add +11.2%
BRK.B Berkshire Hathaway Inc. Class B	0.06%	733	$351K	Reduce -91.1%
USMV iShares MSCI USA Min Vol Fac	0.04%	2,779	$258K	No change
XEL Xcel Energy Inc.	0.04%	3,139	$249K	Reduce -1.9%
DSI iShares ESG MSCI KLD 400 ETF	0.04%	2,030	$246K	Add +14.0%
XLK SS Technology Select Sector	0.04%	1,635	$217K	New

Portfolio Sells Q4 2025 → Q1 2026


SHV iShares 0-1 Year Treasury Bo	Sold out	0.00%	−5.38
BRK.B Berkshire Hathaway Inc. Class B	Reduce -91.1%	0.06%	−0.66
WSM Williams-Sonoma Inc.	Sold out	0.00%	−0.38
ADP Automatic Data Processing	Sold out	0.00%	−0.36
ISRG Intuitive Surgical Inc.	Sold out	0.00%	−0.31
META Meta Platforms Inc. Class A	Reduce -3.0%	1.13%	−0.25
LLY Eli Lilly & Co.	Reduce -7.8%	0.46%	−0.14
ORCL Oracle Corp.	Reduce -16.2%	0.19%	−0.12
JQUA JPMorgan US Quality Factor	Reduce -57.7%	0.08%	−0.11
GS Goldman Sachs Group Inc.	Reduce -6.7%	0.77%	−0.11
MS Morgan Stanley	Reduce -3.5%	0.65%	−0.09
CI The Cigna Group	Sold out	0.00%	−0.08
DGRO iShares Core Dividend Growth	Reduce -5.6%	0.91%	−0.07
QCOM Qualcomm Inc.	Reduce -0.8%	0.13%	−0.05
IDXX Idexx Laboratories Inc.	Sold out	0.00%	−0.04
SMH Vaneck Semiconductor ETF	Reduce -8.6%	0.46%	−0.02
MRSH Marsh & McLennan Cos	Reduce -3.7%	0.16%	−0.02
SRLN SS Blackstone Sr Loan ETF	Reduce -8.0%	0.13%	−0.02
CMCSA Comcast Corp. Class A	Reduce -1.8%	0.19%	−0.02
NOBL Proshares S&P 500 Dividend A	Reduce -1.4%	0.67%	−0.01
QQQ Invesco QQQ Trust Series 1	Reduce -0.5%	0.13%	−0.01
TDV Proshares S&P Tech DVD Arist	Reduce -1.4%	0.19%	−0.01
KLAC KLA Corp.	Reduce -18.0%	0.34%	−0.01
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -0.3%	0.13%	−0.01
MCK McKesson Corp.	Reduce -4.6%	0.53%	−0.01
SPDG SS SPDR P S&P Sec N D ETF	Reduce -3.1%	0.20%	−0.01
SCHD Schwab US DVD Equity ETF	Reduce -9.2%	0.33%	−0.00
VYM Vanguard High DVD Yield ETF	Reduce -2.3%	0.17%	−0.00
FLTR Vaneck Ig Floating Rate ETF	Reduce -0.8%	0.08%	−0.00
AVLV Avantis US Large Cap Value	Reduce -3.5%	1.13%	+0.00
XEL Xcel Energy Inc.	Reduce -1.9%	0.04%	+0.00
AMGN Amgen Inc.	Reduce -4.1%	0.52%	+0.00
BMY Bristol-Myers Squibb Co.	Reduce -1.8%	0.19%	+0.01
COST Costco Wholesale Corp.	Reduce -3.5%	0.53%	+0.04
JNJ Johnson & Johnson	Reduce -0.2%	0.75%	+0.10
XOM Exxon Mobil Corp.	Reduce -8.7%	0.89%	+0.18

Portfolio Buys Q4 2025 → Q1 2026


VGSH Vanguard Short-Term Treasury	New	5.32%	+5.32
CVX Chevron Corp.	Add +176.5%	0.73%	+0.53
RTX RTX Corp.	New	0.37%	+0.37
CAT Caterpillar Inc.	Add +13.8%	1.02%	+0.28
LMT Lockheed Martin Corp.	Add +13.3%	0.96%	+0.26
COP Conocophillips	Add +8.0%	0.77%	+0.25
AMAT Applied Materials Inc.	Add +3.6%	0.77%	+0.20
AVEM Avantis Emerging Markets Eq	Add +4.3%	3.25%	+0.20
SPDW Ste STR SPDR PT DW Eu ETF	Add +3.1%	5.77%	+0.19
ETN Eaton Corp. PLC	Add +26.7%	0.57%	+0.16
UNP Union Pacific Corp.	Add +19.3%	0.70%	+0.13
SPIB SS SPDR P Int C Corp. ETF	Add +5.8%	5.42%	+0.12
SPTI SS SPDR P Int Term TSY ETF	Add +5.5%	5.43%	+0.12
DWX State Street SPDR S&P Intern	Add +5.4%	1.91%	+0.12
LRCX Lam Research Corp.	Add +1.4%	0.62%	+0.12
AVUV Avantis US Small Cap Value	Add +1.9%	1.64%	+0.12
MCD McDonald's Corp.	Add +33.7%	0.45%	+0.11
SO The Southern Co.	Add +11.2%	0.65%	+0.11
IGRO iShares Intl Div Growth ETF	Add +10.3%	1.27%	+0.10
NEE Nextera Energy Inc.	Add +2.6%	0.74%	+0.10
VZ Verizon Communications Inc.	Add +14.2%	0.32%	+0.09
KO The Coca-Cola Co.	Add +5.2%	0.82%	+0.09
DON Wisdomtree US Midcap Dividen	Add +6.5%	1.54%	+0.08
DVYE iShares Emerging Markets Div	Add +6.6%	0.59%	+0.08
GWW WW Grainger Inc.	Add +11.4%	0.50%	+0.07
STLD Steel Dynamics Inc.	Add +9.3%	0.62%	+0.07
CTRA Coterra Energy Inc.	Add +11.3%	0.23%	+0.07
PG The Procter & Gamble Co.	Add +17.8%	0.53%	+0.07
HYBL SS Blackstone High Inc. ETF	Add +6.1%	5.38%	+0.07
LIN Linde PLC	Add +68.0%	0.15%	+0.07
SPSB SS SPDR P St C Corp. ETF	Add +4.3%	5.47%	+0.07
XSHD Invesco S&P Smallcap High Di	Add +20.9%	0.39%	+0.07
DVYA iShares Asia/Pacific Dividen	Add +6.1%	0.57%	+0.06
VIGI Vanguard Int Div App Indx FD	Add +11.1%	1.20%	+0.06
DUK Duke Energy Corp.	Add +10.1%	0.29%	+0.05
XMHQ Invesco S&P Midcap Qual ETF	Add +4.7%	1.50%	+0.04
WMT Walmart Inc.	Add +0.4%	0.53%	+0.04
XLK SS Technology Select Sector	New	0.04%	+0.04
D Dominion Energy Inc.	Add +11.9%	0.25%	+0.03
DRI Darden Restaurants Inc.	Add +17.4%	0.18%	+0.03
CL Colgate-Palmolive Co.	Add +7.0%	0.26%	+0.03
PEP Pepsico Inc.	Add +10.8%	0.20%	+0.03
PFE Pfizer Inc.	Add +4.3%	0.21%	+0.03
ITW Illinois Tool Works	Add +13.8%	0.18%	+0.03
CSCO Cisco Systems Inc.	Add +12.7%	0.25%	+0.02
CB Chubb Ltd.	Add +2.7%	0.45%	+0.02
TJX TJX Companies Inc.	Add +3.5%	0.41%	+0.02
UNH Unitedhealth Group Inc.	Add +33.0%	0.32%	+0.02
AFL Aflac Inc.	Add +11.3%	0.23%	+0.02
NOW ServiceNow Inc.	Add +60.2%	0.27%	+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