Elser Financial Planning, Inc

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 16, 2026), Elser Financial Planning, Inc reported 132 stock positions worth $2.1 billion. Its top holding was Merchants Bancorp (MBIN) at 57.2% of the portfolio, followed by Dimensional Core Fixed (DFCF, 8.6%) and Dimensional US Core Equity M (DFAU, 4.3%). Compared with Q4 2025, it opened 61 new positions, sold out of 9, added to 27 and reduced 25. The biggest buy was a new position in Merchants Bancorp (MBIN) and the biggest sale Eli Lilly (LLY, shares −2%).

Most Recent 13F
Q2 2026
Location
INDIANAPOLIS, IN
CIK
0002028202
Portfolio Value
$2.1B (Q1 2026)
SEC Filing
0002085853-26-000387 ↗ filed Apr 16, 2026

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q2 2024: $598.6M Q2 2024 Q3 2024: $68.9M Q3 2024 Q4 2024: $1.7B Q4 2024 Q1 2025: $72.2M Q1 2025 Q2 2025: $80.2M Q2 2025 Q3 2025: $83.0M Q3 2025 Q4 2025: $138.3M Q4 2025 Q1 2026: $2.1B $2.1B Q1 2026 Q2 2026: $2.3B Q2 2026

Holdings 132 stocks · $2.1B
MBIN Merchants Bancorp 57.21% 26,983,101 $1.2B New
DFCF Dimensional Core Fixed Inc. 8.62% 4,200,025 $177.7M Add +13684.6%
DFAU Dimensional US Core Equity M 4.34% 1,981,512 $89.4M New
DFIC Dimensional International Co. 3.75% 2,170,433 $77.2M New
DFUS Dimensional US Eq MKT ETF 3.21% 931,031 $66.0M Add +2077.0%
DFUV Dimensional US Marketwide Va 2.09% 891,980 $43.1M Add +12073.9%
DFAS Dimensional US Small Cap ETF 1.91% 555,668 $39.4M Add +2754.4%
DFGX Dimsnl Intr CF in ETF-Usd Inc. 1.80% 707,855 $37.2M Add +11.4%
DFSD Dimensional Short Duration 1.80% 772,713 $37.0M New
DFEM Dimensional Emrg MRKT Core 1.73% 1,043,991 $35.7M New
DFSV Dimensional US Small Cap Val 1.54% 911,843 $31.8M New
LLY Eli Lilly & Co. 1.18% 25,824 $24.3M Reduce -1.5%
DFAT Dimensional US Target Value 1.11% 369,253 $22.9M New
DUHP Dimensional US High Profi Et 1.00% 562,024 $20.6M New
DFAX Dimensional World Ex US Core 0.85% 518,020 $17.6M Add +2222.7%
DFSI Dimensional Int Sus COR1 ETF 0.48% 233,159 $9.9M New
DFGR Dim Global Real Estate ETF 0.47% 364,322 $9.7M New
DFSU Dimensional US Sus CORE1 ETF 0.45% 226,039 $9.3M New
DCOR Dimensional US Core Eq 1 ETF 0.36% 102,763 $7.4M New
AAPL Apple Inc. 0.34% 27,648 $7.0M Add +1.1%
SUSB iShares ESG Aware 1-5 Year U 0.33% 272,382 $6.8M New
DFAI Dimensional International Co. 0.31% 163,876 $6.4M New
VOO Vanguard S&P 500 ETF 0.30% 10,304 $6.2M Add +13.8%
DFLV Dim US Large Cap Value ETF 0.28% 160,572 $5.7M New
DFAE Dimensional Emerging Core Eq 0.28% 170,293 $5.7M New
DFSE Dimensional Em Sus CORE1 ETF 0.26% 126,714 $5.3M New
VTEB Vanguard Tax-Exempt Bond ETF 0.22% 89,699 $4.5M Add +26.5%
SCHX Schwab US Large-Cap ETF 0.17% 134,137 $3.4M Reduce -1.0%
SCHA Schwab US Small-Cap ETF 0.14% 98,821 $2.9M Reduce -5.3%
SCHB Schwab US Broad Market ETF 0.13% 104,795 $2.6M Reduce -0.5%
VCSH Vanguard S/T Corp. Bond ETF 0.12% 31,241 $2.5M New
COST Costco Wholesale Corp. 0.12% 2,420 $2.4M New
JPM JPMorgan Chase & Co. 0.11% 7,953 $2.3M New
SCHF Schwab Intl Equity ETF 0.11% 91,194 $2.3M Reduce -2.3%
VUSB Vanguard Ultra Short Bond Et 0.11% 44,179 $2.2M New
MSFT Microsoft Corp. 0.11% 5,955 $2.2M Reduce -1.3%
JNJ Johnson & Johnson 0.10% 8,521 $2.1M Add +0.0%
VB Vanguard Most SM-Cap ETF-Usd 0.10% 8,026 $2.1M Reduce -7.5%
BRO Brown & Brown Inc. 0.09% 29,512 $1.9M Reduce -0.1%
NVDA Nvidia Corp. 0.09% 10,979 $1.9M New
AN Autonation Inc. 0.08% 8,161 $1.7M New
UNP Union Pacific Corp. 0.08% 6,893 $1.7M Add +0.2%
NVS Novartis AG-Sponsored ADR 0.07% 8,978 $1.4M New
GOOGL Alphabet Inc. Class A 0.07% 4,552 $1.3M New
QTEC First Trust Nasdq 100 Tech I 0.06% 5,783 $1.3M No change
KO The Coca-Cola Co. 0.06% 15,985 $1.2M Reduce -1.0%
FXL First Trust Technology Alpha 0.05% 6,786 $1.1M New
VEA Vanguard Ftse Developed ETF 0.05% 14,863 $952K Add +1.4%
SCHG Schwab US Large-Cap Growth 0.05% 32,260 $939K Add +0.1%
CAT Caterpillar Inc. 0.04% 1,279 $920K No change
DFAC Dimensional US Core Equity 2 0.04% 23,487 $912K New
SPYG SS SPDR P S&P 500 Growth ETF 0.04% 1,377 $895K New
CVX Chevron Corp. 0.04% 4,371 $883K Add +0.1%
FORA Forian Inc. 0.04% 402,972 $834K New
VIG Vanguard Dividend Apprec ETF 0.04% 3,652 $784K No change
DFIV Dimensional International Va 0.04% 14,325 $756K Add +83.9%
VTEI Vanguard Int Tax-Exempt Bond 0.03% 7,032 $703K Add +0.3%
XLE SS Energy Select Sector 0.03% 11,600 $697K New
BITW Bitwise 10 Crypto Index ETF 0.03% 15,861 $689K No change
PG The Procter & Gamble Co. 0.03% 4,802 $688K Add +0.3%
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 3,465 $679K Add +11.0%
WMT Walmart Inc. 0.03% 5,433 $679K No change
NSC Norfolk Southern Corp. 0.03% 2,357 $674K Reduce -0.1%
ORCL Oracle Corp. 0.03% 4,511 $645K New
WPM Wheaton Precious Metals Corp. 0.03% 4,715 $639K New
APO Apollo Global Management Inc. 0.03% 4,910 $617K New
META Meta Platforms Inc. Class A 0.03% 1,062 $603K New
SCHE Schwab Emrg Mrkts Eqty ETF 0.03% 17,821 $581K Reduce -8.0%
ABBV Abbvie Inc. 0.03% 2,629 $555K New
TT Trane Technologies PLC 0.03% 1,290 $549K New
XOM Exxon Mobil Corp. 0.03% 3,337 $542K New
PEP Pepsico Inc. 0.03% 3,370 $523K Reduce -2.9%
FXD First Trust Consumer Discret 0.02% 8,000 $505K New
ALLE Allegion PLC 0.02% 2,435 $502K New
VGT Vanguard Info Tech ETF 0.02% 689 $482K New
VTI VG Morningstar TS MKT ETF-US 0.02% 1,489 $478K Add +2.0%
CSX CSX Corp. 0.02% 11,438 $465K Reduce -0.4%
T AT&T Inc. 0.02% 16,454 $464K New
EMXC iShares MSCI Emr MRK Ex Chna 0.02% 5,880 $457K New
VTEC Vanguard Ca Tax-Ex Bond 0.02% 4,532 $449K Reduce -1.5%
IVV iShares Core S&P 500 ETF 0.02% 688 $449K No change
GLD SPDR Gold Shares 0.02% 1,043 $447K No change
LOW Lowe's Cos Inc. 0.02% 1,793 $413K Reduce -0.3%
SYK Stryker Corp. 0.02% 1,242 $408K Reduce -0.6%
MRK Merck & Co. Inc. 0.02% 3,303 $399K New
PFF iShares Preferred & Income S 0.02% 13,154 $399K New
VTES Vanguard SH Term Tax-Ex Bond 0.02% 3,945 $399K No change
CL Colgate-Palmolive Co. 0.02% 4,631 $393K Add +0.1%
QQQ Invesco QQQ Trust Series 1 0.02% 676 $391K No change
CSCO Cisco Systems Inc. 0.02% 4,965 $387K New
NEE Nextera Energy Inc. 0.02% 4,025 $377K New
MU Micron Technology Inc. 0.02% 1,001 $356K Add +0.4%
TSM Taiwan Semiconductor-SP ADR 0.02% 1,056 $354K No change
DUSB Dimension Ultrashort Fi ETF 0.02% 6,949 $352K New
DFAW Dimensional World Eqty ETF 0.02% 4,622 $340K New
GEV GE Vernova Inc. 0.02% 375 $336K New
VWO Vanguard Ftse Emerging Marke 0.02% 6,151 $329K Reduce -12.4%
SCHH Schwab US REIT ETF 0.02% 15,101 $327K Reduce -6.3%
VEU Vanguard Ftse All-World Ex-U 0.02% 4,159 $312K Reduce -3.9%
SHEL Shell PLC-ADR 0.02% 3,318 $311K No change
EFA iShares MSCI Eafe ETF 0.01% 3,163 $307K No change
R Ryder System Inc. 0.01% 1,515 $307K No change
INTC Intel Corp. 0.01% 6,214 $306K Add +0.8%
MCD McDonald's Corp. 0.01% 959 $291K Add +2.7%
KR Kroger Co. 0.01% 3,952 $286K Add +0.0%
LMT Lockheed Martin Corp. 0.01% 458 $286K No change
EPD Enterprise Products Partners 0.01% 7,488 $281K No change
MAR Marriott International Class A 0.01% 853 $279K Reduce -6.7%
SPIB SS SPDR P Int C Corp. ETF 0.01% 8,347 $279K New
FHEQ Fidelity Hedged Equity ETF 0.01% 9,484 $279K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.01% 5,725 $278K No change
TSLA Tesla Inc. 0.01% 738 $271K New
RTX RTX Corp. 0.01% 1,351 $265K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.01% 1,636 $263K No change
ELV Elevance Health Inc. 0.01% 873 $262K Reduce -2.4%
TXN Texas Instruments Inc. 0.01% 1,360 $261K Add +1.9%
MPLX MPLX LP 0.01% 4,687 $260K New
PFE Pfizer Inc. 0.01% 8,991 $256K Add +0.3%
PH Parker Hannifin Corp. 0.01% 270 $244K Reduce -0.4%
ABT Abbott Laboratories 0.01% 2,307 $236K Reduce -0.4%
UNH Unitedhealth Group Inc. 0.01% 851 $234K New
CTVA Corteva Inc. 0.01% 2,746 $231K New
HD Home Depot Inc. 0.01% 720 $231K Add +2.3%
LBRDK Liberty Broadband-C 0.01% 31,650 $226K No change
CBSH Commerce Bancshares Inc. 0.01% 4,523 $222K Reduce -0.2%
MA Mastercard Inc. Class A 0.01% 449 $222K New
CHTR Charter Communications Inc. Class A 0.01% 1,001 $214K New
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.01% 2,500 $209K New
SPY SS SPDR S&P 500 ETF Trust-US 0.01% 6,941 $209K New
EXR Extra Space Storage Inc. 0.01% 1,543 $205K New
QCOM Qualcomm Inc. 0.01% 1,631 $203K Reduce -7.3%
VIS Vanguard Industrials ETF 0.01% 646 $203K New

Portfolio Sells Q4 2025 → Q1 2026
LLY Eli Lilly & Co. Reduce -1.5% 1.18% −19.20
SCHX Schwab US Large-Cap ETF Reduce -1.0% 0.17% −2.47
SCHA Schwab US Small-Cap ETF Reduce -5.3% 0.14% −2.01
MSFT Microsoft Corp. Reduce -1.3% 0.11% −2.01
SCHB Schwab US Broad Market ETF Reduce -0.5% 0.13% −1.87
BRO Brown & Brown Inc. Reduce -0.1% 0.09% −1.61
BRC Brady Corporation Class A Sold out 0.00% −1.53
VB Vanguard Most SM-Cap ETF-Usd Reduce -7.5% 0.10% −1.52
SCHF Schwab Intl Equity ETF Reduce -2.3% 0.11% −1.51
AMZN Amazon.com Inc. Sold out 0.00% −1.36
KO The Coca-Cola Co. Reduce -1.0% 0.06% −0.76
APH Amphenol Corp. Class A Sold out 0.00% −0.48
NSC Norfolk Southern Corp. Reduce -0.1% 0.03% −0.46
SCHE Schwab Emrg Mrkts Eqty ETF Reduce -8.0% 0.03% −0.43
WRB WR Berkley Corp. Sold out 0.00% −0.40
ALL Allstate Corp. Sold out 0.00% −0.37
PEP Pepsico Inc. Reduce -2.9% 0.03% −0.33
VTEC Vanguard Ca Tax-Ex Bond Reduce -1.5% 0.02% −0.31
SYK Stryker Corp. Reduce -0.6% 0.02% −0.30
LOW Lowe's Cos Inc. Reduce -0.3% 0.02% −0.29
CSX CSX Corp. Reduce -0.4% 0.02% −0.28
VWO Vanguard Ftse Emerging Marke Reduce -12.4% 0.02% −0.26
SCHH Schwab US REIT ETF Reduce -6.3% 0.02% −0.23
VEU Vanguard Ftse All-World Ex-U Reduce -3.9% 0.02% −0.22
ELV Elevance Health Inc. Reduce -2.4% 0.01% −0.21
INTU Intuit Inc. Sold out 0.00% −0.21
SPYM Ste STR SPDR PT S&P 500 ETF Sold out 0.00% −0.21
QCOM Qualcomm Inc. Reduce -7.3% 0.01% −0.21
SPSB SS SPDR P St C Corp. ETF Sold out 0.00% −0.20
ABT Abbott Laboratories Reduce -0.4% 0.01% −0.20
MAR Marriott International Class A Reduce -6.7% 0.01% −0.19
VTIP Vanguard Short-Term Tips Sold out 0.00% −0.17
CBSH Commerce Bancshares Inc. Reduce -0.2% 0.01% −0.16
PH Parker Hannifin Corp. Reduce -0.4% 0.01% −0.16

Portfolio Buys Q4 2025 → Q1 2026
MBIN Merchants Bancorp New 57.21% +57.21
DFCF Dimensional Core Fixed Inc. Add +13684.6% 8.62% +7.69
DFAU Dimensional US Core Equity M New 4.34% +4.34
DFIC Dimensional International Co. New 3.75% +3.75
DFUV Dimensional US Marketwide Va Add +12073.9% 2.09% +1.85
DFSD Dimensional Short Duration New 1.80% +1.80
DFEM Dimensional Emrg MRKT Core New 1.73% +1.73
DFSV Dimensional US Small Cap Val New 1.54% +1.54
DFAT Dimensional US Target Value New 1.11% +1.11
DUHP Dimensional US High Profi Et New 1.00% +1.00
DFAS Dimensional US Small Cap ETF Add +2754.4% 1.91% +0.93
DFUS Dimensional US Eq MKT ETF Add +2077.0% 3.21% +0.91
DFSI Dimensional Int Sus COR1 ETF New 0.48% +0.48
DFGR Dim Global Real Estate ETF New 0.47% +0.47
DFSU Dimensional US Sus CORE1 ETF New 0.45% +0.45
DCOR Dimensional US Core Eq 1 ETF New 0.36% +0.36
SUSB iShares ESG Aware 1-5 Year U New 0.33% +0.33
DFAX Dimensional World Ex US Core Add +2222.7% 0.85% +0.33
DFAI Dimensional International Co. New 0.31% +0.31
DFLV Dim US Large Cap Value ETF New 0.28% +0.28
DFAE Dimensional Emerging Core Eq New 0.28% +0.28
DFSE Dimensional Em Sus CORE1 ETF New 0.26% +0.26
VCSH Vanguard S/T Corp. Bond ETF New 0.12% +0.12
COST Costco Wholesale Corp. New 0.12% +0.12
JPM JPMorgan Chase & Co. New 0.11% +0.11
VUSB Vanguard Ultra Short Bond Et New 0.11% +0.11
NVDA Nvidia Corp. New 0.09% +0.09
AN Autonation Inc. New 0.08% +0.08
NVS Novartis AG-Sponsored ADR New 0.07% +0.07
GOOGL Alphabet Inc. Class A New 0.07% +0.07
FXL First Trust Technology Alpha New 0.05% +0.05
DFAC Dimensional US Core Equity 2 New 0.04% +0.04
SPYG SS SPDR P S&P 500 Growth ETF New 0.04% +0.04
FORA Forian Inc. New 0.04% +0.04
XLE SS Energy Select Sector New 0.03% +0.03
ORCL Oracle Corp. New 0.03% +0.03
WPM Wheaton Precious Metals Corp. New 0.03% +0.03
APO Apollo Global Management Inc. New 0.03% +0.03
META Meta Platforms Inc. Class A New 0.03% +0.03
ABBV Abbvie Inc. New 0.03% +0.03
TT Trane Technologies PLC New 0.03% +0.03
XOM Exxon Mobil Corp. New 0.03% +0.03
FXD First Trust Consumer Discret New 0.02% +0.02
ALLE Allegion PLC New 0.02% +0.02
VGT Vanguard Info Tech ETF New 0.02% +0.02
T AT&T Inc. New 0.02% +0.02
EMXC iShares MSCI Emr MRK Ex Chna New 0.02% +0.02
PFF iShares Preferred & Income S New 0.02% +0.02
MRK Merck & Co. Inc. New 0.02% +0.02
CSCO Cisco Systems Inc. New 0.02% +0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 124$2.3BMBIN, DFCF, DFAU, DFIC, DFUS
Q1 2026 132$2.1BMBIN, DFCF, DFAU, DFIC, DFUS
Q4 2025 80$138.3MDFGX, LLY, AAPL, VOO, SCHX
Q3 2025 69$83.0MLLY, AAPL, VOO, SCHX, VTEB
Q2 2025Amended 68$80.2MLLY, AAPL, VOO, SCHX, BRO
Q1 2025 66$72.2MLLY, AAPL, VOO, BRO, SCHX
Q4 2024 110$1.7BMBIN, DFCF, DFAU, DFUS, DFIC
Q3 2024 62$68.9MLLY, AAPL, BRO, SCHA, SCHX
Q2 2024 98$598.6MDFCF, DFAU, DFUS, DFAS, DFIC