Elser Financial Planning, Inc

In its 13F for Q3 2026 (holdings as of September 30, 2026, filed October 16, 2026), Elser Financial Planning, Inc reported 132 stock positions worth $2.3 billion. Its top holding was Merchants Bancorp (MBIN) at 57.4% of the portfolio, followed by Dimensional Core Fixed (DFCF, 6.7%) and Dimensional US Core Equity M (DFAU, 4.6%). Compared with Q2 2026, it opened 16 new positions, sold out of 8, added to 58 and reduced 39. The biggest buy was a new position in Dimensional GLBL Core PL Fix (DFGP) and the biggest sale an exit from Dimensional US Small Cap Val (DFSV).

Most Recent 13F
Q3 2026
Location
INDIANAPOLIS, IN
CIK
0002028202
Portfolio Value
$2.3B (Q3 2026)
SEC Filing
0002085853-26-001209 ↗ filed Oct 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 Q1 2026 Q2 2026: $2.3B Q2 2026 Q3 2026: $2.3B $2.3B Q3 2026

Holdings 132 stocks · $2.3B
MBIN Merchants Bancorp 57.42% 26,797,327 $1.3B Reduce -0.0%
DFCF Dimensional Core Fixed Inc. 6.67% 3,800,199 $152.5M Reduce -14.0%
DFAU Dimensional US Core Equity M 4.56% 1,990,787 $104.2M Add +0.1%
DFIC Dimensional International Co. 3.76% 2,282,383 $85.8M Add +3.4%
DFUS Dimensional US Eq MKT ETF 3.33% 916,566 $76.1M Reduce -0.5%
DFGP Dimensional GLBL Core PL Fix 2.32% 1,020,921 $53.0M New
DFUV Dimensional US Marketwide Va 1.99% 824,754 $45.4M Reduce -6.6%
DFEM Dimensional Emrg MRKT Core 1.86% 1,070,275 $42.5M Add +3.1%
DFAS Dimensional US Small Cap ETF 1.81% 535,310 $41.4M Reduce -0.8%
DFSD Dimensional Short Duration 1.67% 818,735 $38.0M Add +2.6%
AVLV Avantis US Large Cap Value 1.01% 255,539 $23.1M New
LLY Eli Lilly & Co. 0.98% 19,259 $22.3M Add +1.3%
DFAT Dimensional US Target Value 0.89% 305,681 $20.3M Reduce -14.7%
DFSV Dimensional US Small Cap Val filed as DFA INVT DIMENSIONS GROUP IN 0.88% 539,399 $20.2M New
DFAX Dimensional World Ex US Core 0.83% 513,366 $19.0M Reduce -0.1%
AVUV Avantis US Small Cap Value 0.79% 153,572 $18.1M New
DFGX Dimsnl Intr CF in ETF-Usd Inc. 0.77% 342,934 $17.5M Reduce -56.0%
DUHP Dimensional US High Relative filed as DFA INVT DIMENSIONS GROUP IN 0.56% 307,002 $12.9M New
DFSI Dimensional Int Sus COR1 ETF 0.45% 228,285 $10.3M Reduce -4.8%
VOO Vanguard S&P 500 ETF 0.44% 14,498 $10.2M Add +3.8%
DFSU Dimensional US Sus CORE1 ETF 0.42% 202,357 $9.5M Reduce -16.7%
DFGR Dim Global Real Estate ETF 0.42% 351,837 $9.5M Reduce -0.4%
AAPL Apple Inc. 0.38% 26,004 $8.7M Add +1.1%
DCOR Dimensional US Core Eq 1 ETF filed as DFA INVT DIMENSIONS GROUP IN 0.37% 101,070 $8.4M New
VSDM Vanguard Short Tax-Ex Bond 0.35% 107,463 $8.0M New
DFAI Dimensional International Co. 0.29% 160,829 $6.7M Reduce -0.9%
DFAE Dimensional Emerging Core Eq 0.28% 164,121 $6.5M Reduce -1.8%
DFSE Dimensional Em Sus CORE1 ETF 0.25% 119,716 $5.8M Reduce -5.2%
DFLV Dim US Large Cap Value ETF 0.19% 108,451 $4.4M Reduce -37.9%
VTEB Vanguard Tax-Exempt Bond ETF 0.18% 88,639 $4.2M Reduce -16.6%
SCHX Schwab US Large-Cap ETF 0.17% 129,144 $3.9M Reduce -3.7%
VCRM Vanguard Core Tax-Ex Bond 0.17% 53,858 $3.9M New
SCHB Schwab US Broad Market ETF 0.13% 102,953 $3.0M Reduce -1.8%
SCHA Schwab US Small-Cap ETF 0.13% 92,387 $3.0M Reduce -4.3%
SPYG SS SPDR P S&P 500 Growth ETF 0.13% 3,933 $3.0M Add +169.0%
DFNM Dimensional National Muni BD 0.13% 64,509 $3.0M New
VB Vanguard Most SM-Cap ETF-Usd 0.12% 9,747 $2.8M Reduce -1.0%
MSFT Microsoft Corp. 0.12% 5,266 $2.7M Add +3.1%
NVDA Nvidia Corp. 0.11% 10,936 $2.5M Add +1.6%
JPM JPMorgan Chase & Co. 0.11% 7,282 $2.4M Add +1.1%
SCHF Schwab Intl Equity ETF 0.10% 87,252 $2.4M Reduce -2.9%
JNJ Johnson & Johnson 0.10% 8,588 $2.3M Add +0.5%
COST Costco Wholesale Corp. 0.09% 2,162 $2.0M Reduce -4.7%
VTIP Vanguard Short-Term Tips 0.09% 39,707 $2.0M New
QTEC First Trust Nasdq 100 Tech I 0.08% 5,783 $1.9M No change
BRO Brown & Brown Inc. 0.08% 29,556 $1.8M Add +0.2%
AN Autonation Inc. 0.08% 6,964 $1.7M Add +3.5%
GOOGL Alphabet Inc. Class A 0.07% 4,406 $1.5M Add +2.2%
FXL First Trust Technology Alpha 0.07% 6,786 $1.5M No change
VCSH Vanguard S/T Corp. Bond ETF 0.06% 17,926 $1.4M Reduce -39.2%
NVS Novartis AG-Sponsored ADR 0.06% 8,978 $1.3M No change
VUSB Vanguard Ultra Short Bond Et 0.06% 25,648 $1.3M Reduce -41.2%
VEA Vanguard Ftse Developed ETF 0.05% 16,456 $1.2M Add +7.6%
SCHG Schwab US Large-Cap Growth 0.05% 32,281 $1.2M Add +0.0%
VTES Vanguard SH Term Tax-Ex Bond 0.05% 11,727 $1.2M Add +108.7%
MU Micron Technology Inc. 0.05% 1,052 $1.1M Add +2.8%
DFAC Dimensional US Core Equity 2 0.05% 23,776 $1.1M Add +0.1%
UNP Union Pacific Corp. 0.04% 3,738 $1.0M Add +0.5%
BITW Bitwise 10 Crypto Index ETF 0.04% 15,861 $871K No change
VIG Vanguard Dividend Apprec ETF 0.04% 3,652 $852K No change
APO Apollo Global Management Inc. 0.04% 9,547 $805K Add +101.1%
DFIV Dimensional International Va 0.04% 14,325 $800K No change
VPU Vanguard Utilities ETF 0.03% 10,422 $771K New
INTC Intel Corp. 0.03% 6,394 $769K Add +1.5%
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 3,515 $759K Add +0.5%
PFF iShares Preferred & Income S 0.03% 25,538 $753K No change
NSC Norfolk Southern Corp. 0.03% 2,366 $731K Add +0.3%
ABBV Abbvie Inc. 0.03% 2,732 $715K Add +1.3%
XLE SS Energy Select Sector 0.03% 11,466 $705K No change
VGT Vanguard Info Tech ETF 0.03% 5,535 $696K Add +0.4%
PG The Procter & Gamble Co. 0.03% 4,538 $659K Add +1.3%
CAT Caterpillar Inc. 0.03% 807 $654K Add +1.1%
ORCL Oracle Corp. 0.03% 4,549 $625K Reduce -0.5%
VTI VG Morningstar TS MKT ETF-US 0.03% 1,625 $608K Reduce -0.1%
SCHE Schwab Emrg Mrkts Eqty ETF 0.03% 16,509 $602K Reduce -5.1%
IVV iShares Core S&P 500 ETF 0.02% 733 $561K No change
CSCO Cisco Systems Inc. 0.02% 5,136 $553K Add +0.9%
EMXC iShares MSCI Emr MRK Ex Chna 0.02% 5,456 $541K Reduce -5.9%
CSX CSX Corp. 0.02% 11,557 $538K Add +0.8%
FXD First Trust Consumer Discret 0.02% 8,000 $513K No change
QQQ Invesco QQQ Trust Series 1 0.02% 676 $500K No change
TSM Taiwan Semiconductor-SP ADR 0.02% 1,081 $493K No change
CVX Chevron Corp. 0.02% 2,404 $491K Add +1.6%
META Meta Platforms Inc. Class A 0.02% 605 $438K Add +8.6%
PEP Pepsico Inc. 0.02% 3,406 $432K Add +0.8%
DFAW Dimensional World Eqty ETF 0.02% 5,019 $413K Add +6.2%
VWO Vanguard Ftse Emerging Marke 0.02% 6,890 $409K Add +0.1%
GLD SPDR Gold Shares 0.02% 1,043 $397K No change
CL Colgate-Palmolive Co. 0.02% 4,598 $392K Add +0.4%
TXN Texas Instruments Inc. 0.02% 1,389 $389K Add +1.2%
EFA iShares MSCI Eafe ETF 0.02% 3,697 $384K Add +16.9%
AME Ametek Inc. 0.02% 608 $372K Add +3.4%
UNH Unitedhealth Group Inc. 0.02% 1,009 $370K Add +0.9%
R Ryder System Inc. 0.02% 1,519 $346K Add +0.2%
ALLE Allegion PLC 0.02% 1,551 $344K Add +0.8%
SYK Stryker Corp. 0.01% 1,229 $338K Reduce -0.6%
QCOM Qualcomm Inc. 0.01% 1,773 $326K Add +1.9%
LOW Lowe's Cos Inc. 0.01% 1,747 $322K Reduce -4.0%
VEU Vanguard Ftse All-World Ex-U 0.01% 3,864 $321K Reduce -5.7%
FHEQ Fidelity Hedged Equity ETF 0.01% 9,484 $319K No change
VTEC Vanguard Ca Tax-Ex Bond 0.01% 3,263 $308K Reduce -13.3%
NEE Nextera Energy Inc. 0.01% 4,048 $307K Add +0.7%
MAR Marriott International Class A 0.01% 862 $307K Add +0.7%
MRK Merck & Co. Inc. 0.01% 2,064 $300K Add +3.3%
SCHH Schwab US REIT ETF 0.01% 13,321 $294K Reduce -7.0%
DUSB Dimension Ultrashort Fi ETF 0.01% 5,728 $289K Reduce -17.6%
TSLA Tesla Inc. 0.01% 782 $277K Reduce -0.3%
WMT Walmart Inc. 0.01% 2,635 $274K Add +4.0%
MA Mastercard Inc. Class A 0.01% 494 $272K Add +6.7%
EPD Enterprise Products Partners 0.01% 7,488 $267K No change
V Visa Inc. Class A 0.01% 739 $266K Add +5.6%
MPLX MPLX LP 0.01% 4,687 $264K No change
PH Parker Hannifin Corp. 0.01% 275 $263K Add +1.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.01% 3,350 $263K Add +14.6%
MRNA Moderna Inc. 0.01% 1,335 $257K New
CBSH Commerce Bancshares Inc. 0.01% 4,542 $249K Add +0.2%
ETN Eaton Corp. PLC 0.01% 575 $247K Add +1.1%
RTX RTX Corp. 0.01% 1,308 $243K Add +2.3%
LMT Lockheed Martin Corp. 0.01% 475 $242K Add +1.5%
VTEI Vanguard Int Tax-Exempt Bond 0.01% 2,508 $239K Reduce -87.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.01% 1,695 $224K Add +1.1%
ABT Abbott Laboratories 0.01% 2,209 $218K New
VXUS Vanguard Total Intl Stock 0.01% 2,496 $212K Add +0.3%
GDDY GoDaddy Inc. Class A 0.01% 5,525 $212K New
XYZ Block Inc. 0.01% 2,356 $212K Reduce -3.8%
MCD McDonald's Corp. 0.01% 915 $211K Reduce -2.7%
VYMI Vanguard Int High DVD YLD Inc. 0.01% 2,086 $211K Reduce -4.1%
VIS Vanguard Industrials ETF 0.01% 646 $207K No change
SPSB SS SPDR P St C Corp. ETF 0.01% 6,938 $205K No change
ANF Abercrombie & Fitch Co. Class A 0.01% 1,001 $204K New
EXR Extra Space Storage Inc. 0.01% 1,543 $203K No change
SMB Vaneck Short Muni ETF 0.01% 10,451 $177K New

Portfolio Sells Q2 2026 → Q3 2026
DFSV Dimensional US Small Cap Val Sold out 0.00% −1.55
DFCF Dimensional Core Fixed Inc. Reduce -14.0% 6.67% −1.41
DUHP Dimensional US High Profi Et Sold out 0.00% −1.07
DFGX Dimsnl Intr CF in ETF-Usd Inc. Reduce -56.0% 0.77% −1.04
MBIN Merchants Bancorp Reduce -0.0% 57.42% −0.70
DCOR Dimensional US Core Eq 1 ETF Sold out 0.00% −0.36
SUSB iShares ESG Aware 1-5 Year U Sold out 0.00% −0.28
DFAT Dimensional US Target Value Reduce -14.7% 0.89% −0.20
DFUV Dimensional US Marketwide Va Reduce -6.6% 1.99% −0.12
DFAS Dimensional US Small Cap ETF Reduce -0.8% 1.81% −0.11
DFLV Dim US Large Cap Value ETF Reduce -37.9% 0.19% −0.11
VTEI Vanguard Int Tax-Exempt Bond Reduce -87.4% 0.01% −0.08
DFSU Dimensional US Sus CORE1 ETF Reduce -16.7% 0.42% −0.07
VTEB Vanguard Tax-Exempt Bond ETF Reduce -16.6% 0.18% −0.05
VCSH Vanguard S/T Corp. Bond ETF Reduce -39.2% 0.06% −0.04
VUSB Vanguard Ultra Short Bond Et Reduce -41.2% 0.06% −0.04
DFGR Dim Global Real Estate ETF Reduce -0.4% 0.42% −0.03
AVIG Avantis Core Fixed Income Sold out 0.00% −0.02
SCHA Schwab US Small-Cap ETF Reduce -4.3% 0.13% −0.02
XOM Exxon Mobil Corp. Sold out 0.00% −0.02
DFSI Dimensional Int Sus COR1 ETF Reduce -4.8% 0.45% −0.02
DFSE Dimensional Em Sus CORE1 ETF Reduce -5.2% 0.25% −0.01
HD Home Depot Inc. Sold out 0.00% −0.01
PWR Quanta Services Inc. Sold out 0.00% −0.01
DFAE Dimensional Emerging Core Eq Reduce -1.8% 0.28% −0.01
VB Vanguard Most SM-Cap ETF-Usd Reduce -1.0% 0.12% −0.01
COST Costco Wholesale Corp. Reduce -4.7% 0.09% −0.01
LOW Lowe's Cos Inc. Reduce -4.0% 0.01% −0.00
SCHF Schwab Intl Equity ETF Reduce -2.9% 0.10% −0.00
VTEC Vanguard Ca Tax-Ex Bond Reduce -13.3% 0.01% −0.00
DUSB Dimension Ultrashort Fi ETF Reduce -17.6% 0.01% −0.00
TSLA Tesla Inc. Reduce -0.3% 0.01% −0.00
SYK Stryker Corp. Reduce -0.6% 0.01% −0.00
EMXC iShares MSCI Emr MRK Ex Chna Reduce -5.9% 0.02% −0.00
MCD McDonald's Corp. Reduce -2.7% 0.01% −0.00
SCHH Schwab US REIT ETF Reduce -7.0% 0.01% −0.00
ORCL Oracle Corp. Reduce -0.5% 0.03% −0.00
SCHX Schwab US Large-Cap ETF Reduce -3.7% 0.17% −0.00
SCHE Schwab Emrg Mrkts Eqty ETF Reduce -5.1% 0.03% −0.00
VEU Vanguard Ftse All-World Ex-U Reduce -5.7% 0.01% −0.00
XYZ Block Inc. Reduce -3.8% 0.01% −0.00
VYMI Vanguard Int High DVD YLD Inc. Reduce -4.1% 0.01% 0.00
SCHB Schwab US Broad Market ETF Reduce -1.8% 0.13% +0.00
VTI VG Morningstar TS MKT ETF-US Reduce -0.1% 0.03% +0.00
DFAI Dimensional International Co. Reduce -0.9% 0.29% +0.00
DFAX Dimensional World Ex US Core Reduce -0.1% 0.83% +0.01
DFUS Dimensional US Eq MKT ETF Reduce -0.5% 3.33% +0.06

Portfolio Buys Q2 2026 → Q3 2026
DFGP Dimensional GLBL Core PL Fix New 2.32% +2.32
AVLV Avantis US Large Cap Value New 1.01% +1.01
DFSV Dimensional US Small Cap Val New 0.88% +0.88
AVUV Avantis US Small Cap Value New 0.79% +0.79
DUHP Dimensional US High Relative New 0.56% +0.56
DCOR Dimensional US Core Eq 1 ETF New 0.37% +0.37
VSDM Vanguard Short Tax-Ex Bond New 0.35% +0.35
DFIC Dimensional International Co. Add +3.4% 3.76% +0.19
VCRM Vanguard Core Tax-Ex Bond New 0.17% +0.17
DFNM Dimensional National Muni BD New 0.13% +0.13
DFAU Dimensional US Core Equity M Add +0.1% 4.56% +0.10
VTIP Vanguard Short-Term Tips New 0.09% +0.09
SPYG SS SPDR P S&P 500 Growth ETF Add +169.0% 0.13% +0.08
AAPL Apple Inc. Add +1.1% 0.38% +0.06
MSFT Microsoft Corp. Add +3.1% 0.12% +0.04
VPU Vanguard Utilities ETF New 0.03% +0.03
DFEM Dimensional Emrg MRKT Core Add +3.1% 1.86% +0.03
VOO Vanguard S&P 500 ETF Add +3.8% 0.44% +0.03
VTES Vanguard SH Term Tax-Ex Bond Add +108.7% 0.05% +0.03
NVDA Nvidia Corp. Add +1.6% 0.11% +0.02
DFSD Dimensional Short Duration Add +2.6% 1.67% +0.01
MRNA Moderna Inc. New 0.01% +0.01
ABT Abbott Laboratories New 0.01% +0.01
GDDY GoDaddy Inc. Class A New 0.01% +0.01
ANF Abercrombie & Fitch Co. Class A New 0.01% +0.01
SMB Vaneck Short Muni ETF New 0.01% +0.01
AN Autonation Inc. Add +3.5% 0.08% +0.01
META Meta Platforms Inc. Class A Add +8.6% 0.02% +0.01
JNJ Johnson & Johnson Add +0.5% 0.10% +0.01
CVX Chevron Corp. Add +1.6% 0.02% +0.00
VEA Vanguard Ftse Developed ETF Add +7.6% 0.05% +0.00
SCHG Schwab US Large-Cap Growth Add +0.0% 0.05% +0.00
JPM JPMorgan Chase & Co. Add +1.1% 0.11% +0.00
EFA iShares MSCI Eafe ETF Add +16.9% 0.02% +0.00
MRK Merck & Co. Inc. Add +3.3% 0.01% +0.00
ABBV Abbvie Inc. Add +1.3% 0.03% +0.00
VGT Vanguard Info Tech ETF Add +0.4% 0.03% +0.00
MA Mastercard Inc. Class A Add +6.7% 0.01% +0.00
AME Ametek Inc. Add +3.4% 0.02% +0.00
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +14.6% 0.01% +0.00
V Visa Inc. Class A Add +5.6% 0.01% +0.00
DFAW Dimensional World Eqty ETF Add +6.2% 0.02% +0.00
UNP Union Pacific Corp. Add +0.5% 0.04% +0.00
DFAC Dimensional US Core Equity 2 Add +0.1% 0.05% +0.00
PG The Procter & Gamble Co. Add +1.3% 0.03% +0.00
QCOM Qualcomm Inc. Add +1.9% 0.01% +0.00
ETN Eaton Corp. PLC Add +1.1% 0.01% +0.00
LMT Lockheed Martin Corp. Add +1.5% 0.01% +0.00
VTV Vanguard Mrngstr Val ETF-Aui Add +0.5% 0.03% +0.00
RTX RTX Corp. Add +2.3% 0.01% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2026 132$2.3BMBIN, DFCF, DFAU, DFIC, DFUS
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