Evolution Advisers, Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 18, 2024), Evolution Advisers, Inc. reported 196 stock positions worth $183.7 million. Its top holding was Vanguard Ftse Developed ETF (VEA) at 15.2% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 14.5%) and Vanguard Mrngstr Val ETF-Aui (VTV, 11.7%). Compared with Q2 2024, it opened 10 new positions, sold out of 2, added to 33 and reduced 30. The biggest buy was Vanguard Ftse Emerging Marke (VWO, shares +1%) and the biggest sale Vanguard Mrngstar GR ETF-Sui (VUG, shares −2%).

Most Recent 13F
Q2 2026
Location
RICHMOND, VA
CIK
0001906967
Portfolio Value
$183.7M (Q3 2024)
SEC Filing
0001792704-24-000015 ↗ filed Oct 18, 2024

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $169.4M Q1 2024 Q2 2024: $174.0M Q2 2024 Q3 2024: $183.7M $183.7M Q3 2024 Q4 2024: $183.0M Q4 2024 Q1 2025: $190.0M Q1 2025 Q2 2025: $204.0M Q2 2025 Q3 2025: $222.4M Q3 2025 Q4 2025: $230.9M Q4 2025 Q1 2026: $237.3M Q1 2026 Q2 2026: $272.1M Q2 2026

Holdings 196 stocks · $183.7M
VEA Vanguard Ftse Developed ETF 15.17% 527,628 $27.9M Reduce -0.3%
VUG Vanguard Mrngstar GR ETF-Sui 14.46% 69,175 $26.6M Reduce -1.9%
VTV Vanguard Mrngstr Val ETF-Aui 11.69% 122,999 $21.5M Reduce -0.8%
BNDX Vanguard Total Intl Bond ETF 11.44% 417,969 $21.0M Add +1.6%
BSV Vanguard Short-Term Bond ETF 7.77% 181,329 $14.3M Add +1.3%
VWO Vanguard Ftse Emerging Marke 6.04% 231,929 $11.1M Add +0.6%
VMBS Vanguard Mortgage-Backed Sec 4.86% 189,123 $8.9M Reduce -1.1%
BLV Vanguard Long-Term Bond ETF 4.48% 109,380 $8.2M Reduce -1.5%
VB Vanguard Most SM-Cap ETF-Usd 3.39% 26,268 $6.2M Reduce -2.3%
BIV Vanguard Intermediate-Term B 3.23% 75,614 $5.9M Add +1.4%
NUDM Nuveen ESG Intl Devel MRK Eq 2.58% 140,763 $4.7M Add +0.7%
NULG Nuveen ESG LRG-Cap GRW ETF 1.45% 32,233 $2.7M Reduce -0.6%
NULV Nuveen ESG Large-Cap Val ETF 1.28% 56,413 $2.4M Add +15.6%
NUEM Nuveen ESG Emerging Markets 0.80% 47,585 $1.5M Add +0.3%
PWV Invesco Large Cap Value ETF 0.77% 24,300 $1.4M Reduce -1.6%
NUBD Nuveen ESG US Aggregate Bond 0.77% 61,967 $1.4M Add +7.5%
SCHX Schwab US Large-Cap ETF 0.71% 19,237 $1.3M No change
VOO Vanguard S&P 500 ETF 0.70% 2,452 $1.3M No change
AAPL Apple Inc. 0.70% 5,489 $1.3M Reduce -1.6%
VTEB Vanguard Tax-Exempt Bond ETF 0.56% 19,969 $1.0M Add +1.9%
NUSC Nuveen ESG Small-Cap ETF 0.36% 15,438 $661K Reduce -0.8%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.34% 2,560 $623K No change
DFAC Dimensional US Core Equity 2 0.31% 16,680 $571K No change
XOM Exxon Mobil Corp. 0.31% 4,839 $567K Add +0.2%
UNP Union Pacific Corp. 0.29% 2,181 $537K Reduce -0.9%
BRK.B Berkshire Hathaway Inc. Class B 0.23% 912 $419K No change
WFC Wells Fargo & Co. 0.21% 6,747 $381K Reduce -0.5%
VXUS Vanguard Total Intl Stock 0.21% 5,831 $377K No change
VCSH Vanguard S/T Corp. Bond ETF 0.19% 4,454 $353K No change
ORI Old Republic Intl Corp. 0.18% 9,584 $339K Reduce -0.5%
VT Vanguard Tot World STK ETF 0.17% 2,533 $303K Reduce -9.8%
KMB Kimberly-Clark Corp. 0.15% 1,990 $283K Reduce -0.5%
WMT Walmart Inc. 0.15% 3,471 $280K Add +0.0%
GNW Genworth Financial Inc. 0.15% 41,111 $277K No change
VYM Vanguard High DVD Yield ETF 0.13% 1,849 $237K Reduce -3.2%
SCHF Schwab Intl Equity ETF 0.13% 5,668 $233K Reduce -2.3%
GOOGL Alphabet Inc. Class A 0.12% 1,353 $224K No change
NI Nisource Inc. 0.11% 5,932 $205K No change
VTI VG Morningstar TS MKT ETF-US 0.11% 33,600 $198K Add +3.5%
HCA HCA Healthcare Inc. 0.10% 467 $189K Add +430.7%
HD Home Depot Inc. 0.10% 452 $183K No change
SCHZ Schwab US Aggregate Bond ETF 0.10% 3,818 $181K Reduce -26.4%
MSFT Microsoft Corp. 0.09% 390 $167K Reduce -3.2%
AMZN Amazon.com Inc. 0.08% 781 $145K No change
SCHE Schwab Emrg Mrkts Eqty ETF 0.08% 4,957 $144K Reduce -4.3%
JPM JPMorgan Chase & Co. 0.08% 657 $138K No change
LOW Lowe's Cos Inc. 0.07% 463 $125K No change
ELV Elevance Health Inc. 0.07% 236 $122K No change
VEU Vanguard Ftse All-World Ex-U 0.07% 1,925 $121K Add +16.7%
TFC Truist Financial Corp. 0.06% 74,865 $117K No change
SCHM Schwab US Mid Cap ETF 0.06% 1,397 $116K No change
CW Curtiss-Wright Corp. 0.06% 350 $115K No change
MKL Markel Group Inc. 0.06% 73 $115K Add +1.4%
D Dominion Energy Inc. 0.06% 1,972 $114K Add +0.8%
TDY Teledyne Technologies Inc. 0.06% 250 $109K No change
SYK Stryker Corp. 0.06% 300 $108K No change
GOOG Alphabet Inc. Class C 0.06% 628 $104K No change
V Visa Inc. Class A 0.06% 381 $104K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.06% 179 $102K No change
MA Mastercard Inc. Class A 0.06% 205 $101K No change
SCHB Schwab US Broad Market ETF 0.05% 1,518 $100K Add +14.2%
TMO Thermo Fisher Scientific Inc. 0.05% 160 $98K No change
SCHG Schwab US Large-Cap Growth 0.05% 930 $96K Add +5.7%
PG The Procter & Gamble Co. 0.05% 540 $93K No change
KNSL Kinsale Capital Group Inc. 0.05% 199 $92K No change
VXF Vanguard Extended Market ETF 0.05% 498 $90K No change
PEP Pepsico Inc. 0.05% 526 $89K Reduce -3.0%
TSLA Tesla Inc. 0.05% 334 $87K Reduce -54.4%
J Jacobs Solutions Inc. 0.04% 600 $78K No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.04% 721 $78K Add +1.3%
AVGO Broadcom Inc. 0.04% 450 $77K No change
LMT Lockheed Martin Corp. 0.04% 132 $77K No change
CSCO Cisco Systems Inc. 0.04% 1,442 $76K Add +0.3%
BNDW Vanguard Total World Bond Et 0.04% 1,042 $73K Reduce -24.2%
HSY The Hershey Co. 0.04% 380 $72K Add +0.3%
DFAU Dimensional US Core Equity M 0.04% 1,699 $67K No change
ACN Accenture PLC Class A 0.04% 192 $67K Reduce -10.3%
JNJ Johnson & Johnson 0.04% 412 $66K Add +0.2%
IVV iShares Core S&P 500 ETF 0.04% 114 $65K No change
AMGN Amgen Inc. 0.03% 200 $64K No change
ORCL Oracle Corp. 0.03% 380 $64K No change
ADBE Adobe Inc. 0.03% 119 $61K No change
CEG Constellation Energy 0.03% 232 $60K Add +0.4%
SEIC Sei Investments Company 0.03% 873 $60K No change
SCHA Schwab US Small-Cap ETF 0.03% 1,078 $55K Reduce -4.2%
ESGD iShares Trust iShares ESG Aw 0.03% 650 $54K No change
COF Capital One Financial Corp. 0.03% 351 $52K Reduce -24.4%
IJR iShares Core S&P Small-Cap E 0.03% 444 $51K No change
PSX Phillips 66 0.03% 383 $50K No change
FIW First Trust Water ETF 0.03% 456 $49K No change
ADP Automatic Data Processing 0.03% 176 $48K No change
UL Unilever PLC 0.02% 707 $45K No change
UNH Unitedhealth Group Inc. 0.02% 77 $45K No change
MCK McKesson Corp. 0.02% 83 $41K No change
NTR Nutrien Ltd. 0.02% 867 $41K No change
ETN Eaton Corp. PLC 0.02% 126 $41K Reduce -16.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.02% 155 $40K No change
PPL PPL Corp. 0.02% 1,204 $39K Add +0.9%
DAL Delta Air Lines Inc. 0.02% 759 $38K No change
CTAS Cintas Corp. 0.02% 180 $37K No change
SBUX Starbucks Corp. 0.02% 383 $37K No change
PAYX Paychex Inc. 0.02% 275 $36K No change
IJH iShares Core S&P Midcap ETF 0.02% 577 $35K No change
COST Costco Wholesale Corp. 0.02% 36 $31K No change
EXC Exelon Corp. 0.02% 752 $30K Add +0.9%
FTNT Fortinet Inc. 0.02% 390 $30K No change
MDY State Street SPDR S&P Midcap 0.02% 54 $30K No change
CHD Church & Dwight Co. Inc. 0.02% 278 $29K Reduce -7.3%
HON Honeywell International Inc. 0.02% 136 $28K Add +0.7%
TTE Totalenergies SE -Spon ADR 0.01% 424 $27K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.01% 100 $22K No change
TGT Target Corp. 0.01% 142 $22K No change
ESGV Vanguard ESG US Stock ETF 0.01% 199 $20K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.01% 76 $20K No change
WSM Williams-Sonoma Inc. 0.01% 132 $20K No change
AMTM Amentum Holdings Inc. 0.01% 600 $19K No change
CVX Chevron Corp. 0.01% 132 $19K No change
DFAI Dimensional International Co. 0.01% 586 $18K Add +396.6%
SPMD SS SPDR P S&P 400 Midcap ETF 0.01% 333 $18K Add +2120.0%
GE General Electric filed as GE AEROSPACE 0.01% 95 $17K No change
IEMG iShares Core MSCI Emerging 0.01% 300 $17K No change
MO Altria Group Inc. 0.01% 276 $14K Add +1.1%
SCHD Schwab US DVD Equity ETF 0.01% 170 $14K New
DHR Danaher Corp. 0.01% 50 $13K No change
IWD iShares Russell 1000 Value E 0.01% 71 $13K No change
CRM Salesforce Inc. 0.01% 50 $13K No change
T AT&T Inc. 0.01% 585 $12K Add +0.9%
UBER Uber Technologies Inc. 0.01% 163 $12K No change
AWK American Water Works Co. Inc. 0.01% 80 $11K No change
UPS United Parcel Service Class B 0.01% 79 $10K No change
DFAS Dimensional US Small Cap ETF 0.00% 142 $9K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.00% 100 $9K Reduce -63.6%
EXR Extra Space Storage Inc. 0.00% 50 $9K No change
SPYM Ste STR SPDR PT S&P 500 ETF 0.00% 143 $9K New
DFUS Dimensional US Eq MKT ETF 0.00% 137 $8K New
METV Roundhill Ball Metaverse ETF 0.00% 600 $8K No change
F Ford Motor Co. filed as FORD MTR CO 0.00% 700 $7K No change
FNDX Schwab Fndmntl US LRG Co. ETF 0.00% 101 $7K No change
BND Vanguard Total Bond Market 0.00% 98 $7K No change
GOLF Acushnet Holdings Corp. 0.00% 103 $6K No change
ARCC Ares Capital Corp. 0.00% 304 $6K No change
VZ Verizon Communications Inc. 0.00% 152 $6K Add +2.0%
CRC California Resources Corp. 0.00% 113 $5K No change
GEV GE Vernova Inc. 0.00% 23 $5K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.00% 125 $4K Add +0.8%
SPDW Ste STR SPDR PT DW Eu ETF 0.00% 109 $4K New
BAX Baxter International Inc. 0.00% 100 $3K No change
KMX Carmax Inc. 0.00% 43 $3K No change
SYF Synchrony Financial 0.00% 74 $3K Add +1.4%
VFMF Vanguard US Multifactor ETF 0.00% 26 $3K New
DFAE Dimensional Emerging Core Eq 0.00% 105 $2K No change
RIVN Rivian Automotive Inc. Class A 0.00% 256 $2K No change
SPYG SS SPDR P S&P 500 Growth ETF 0.00% 24 $2K New
SPSM SS SPDR P S&P 600 Small Cap 0.00% 54 $2K New
ABBV Abbvie Inc. 0.00% 8 $1K No change
DFS Discover Financial Services 0.00% 10 $1K No change
GSLC Goldman Activebeta US LC ETF 0.00% 17 $1K No change
SPGP Invesco S&P 500 Garp ETF 0.00% 18 $1K No change
IOO iShares Global 100 ETF 0.00% 19 $1K No change
QUAL iShares MSCI USA Quality Fac 0.00% 10 $1K New
PM Philip Morris International 0.00% 11 $1K No change
RTX RTX Corp. 0.00% 10 $1K No change
XLK SS Technology Select Sector 0.00% 8 $1K No change
VIG Vanguard Dividend Apprec ETF 0.00% 10 $1K No change
VNQ Vanguard Real Estate ETF 0.00% 20 $1K No change
CDC Victoryshares US Eq Income E 0.00% 27 $1K No change
ABT Abbott Laboratories 0.00% 8 $0 No change
FRDM Freedom 100 Emeging MRKT ETF 0.00% 23 $0 No change
CARR Carrier Global Corp. 0.00% 8 $0 No change
KO The Coca-Cola Co. 0.00% 10 $0 No change
DLTR Dollar Tree Inc. 0.00% 5 $0 No change
NFLT Virtus Newfleet Multi-Sector 0.00% 17 $0 No change
FBND Fidelity Total Bond ETF 0.00% 17 $0 No change
DIVI Franklin International Core 0.00% 27 $0 No change
GD General Dynamics Corp. 0.00% 2 $0 No change
GBTC Grayscale Bitcoin Trust ETF 0.00% 5 $0 No change
BTC Grayscale Bitcoin Mini Trust 0.00% 5 $0 No change
NGVT Ingevity Corp. 0.00% 7 $0 No change
INTC Intel Corp. 0.00% 16 $0 Reduce -95.9%
IQLT iShares MSCI International Q 0.00% 22 $0 No change
IDRV iShares Self-Driving Ev&tech 0.00% 5 $0 No change
LUMINAR TECHNOLOGIES INC 0.00% 21 $0 No change
MCD McDonald's Corp. 0.00% 2 $0 No change
NKE Nike Inc. Class B 0.00% 2 $0 No change
OLPX Olaplex Holdings Inc. 0.00% 10 $0 No change
OTIS Otis Worldwide Corp. 0.00% 4 $0 No change
PYPL PayPal Holdings Inc. 0.00% 2 $0 No change
RBLX Roblox Corp. Class A 0.00% 10 $0 No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.00% 4 $0 No change
SCHR Schwab Intermediate-Term US 0.00% 7 $0 No change
SCHO Schwab Short-Term US Treas 0.00% 7 $0 No change
SHOP Shopify Inc. Class A 0.00% 5 $0 No change
UA Under Armour Inc. Class C 0.00% 57 $0 No change
VWOB Vanguard Emerg MKTS Gov BND 0.00% 15 $0 No change
WBD Warner Bros Discovery Inc. 0.00% 79 $0 No change
SW Smurfit Westrock PLC 0.00% 16 $0 New

Portfolio Sells Q2 2024 → Q3 2024
VUG Vanguard Mrngstar GR ETF-Sui Reduce -1.9% 14.46% −0.70
VMBS Vanguard Mortgage-Backed Sec Reduce -1.1% 4.86% −0.13
NULG Nuveen ESG LRG-Cap GRW ETF Reduce -0.6% 1.45% −0.06
SCHZ Schwab US Aggregate Bond ETF Reduce -26.4% 0.10% −0.04
XMMO Invesco S&P Midcap Momentum Sold out 0.00% −0.04
TSLA Tesla Inc. Reduce -54.4% 0.05% −0.04
WFC Wells Fargo & Co. Reduce -0.5% 0.21% −0.02
VT Vanguard Tot World STK ETF Reduce -9.8% 0.17% −0.02
BNDW Vanguard Total World Bond Et Reduce -24.2% 0.04% −0.01
MSFT Microsoft Corp. Reduce -3.2% 0.09% −0.01
DIS The Walt Disney Co. Reduce -63.6% 0.00% −0.01
PWV Invesco Large Cap Value ETF Reduce -1.6% 0.77% −0.01
BLV Vanguard Long-Term Bond ETF Reduce -1.5% 4.48% −0.01
COF Capital One Financial Corp. Reduce -24.4% 0.03% −0.01
INTC Intel Corp. Reduce -95.9% 0.00% −0.01
ETN Eaton Corp. PLC Reduce -16.0% 0.02% −0.00
KMB Kimberly-Clark Corp. Reduce -0.5% 0.15% −0.00
PEP Pepsico Inc. Reduce -3.0% 0.05% −0.00
CHD Church & Dwight Co. Inc. Reduce -7.3% 0.02% −0.00
VYM Vanguard High DVD Yield ETF Reduce -3.2% 0.13% −0.00
SCHF Schwab Intl Equity ETF Reduce -2.3% 0.13% −0.00
SCHA Schwab US Small-Cap ETF Reduce -4.2% 0.03% −0.00
SCHE Schwab Emrg Mrkts Eqty ETF Reduce -4.3% 0.08% −0.00
ACN Accenture PLC Class A Reduce -10.3% 0.04% −0.00
WRK Westrock Co. Sold out 0.00% 0.00
UNP Union Pacific Corp. Reduce -0.9% 0.29% +0.01
NUSC Nuveen ESG Small-Cap ETF Reduce -0.8% 0.36% +0.01
ORI Old Republic Intl Corp. Reduce -0.5% 0.18% +0.01
AAPL Apple Inc. Reduce -1.6% 0.70% +0.02
VB Vanguard Most SM-Cap ETF-Usd Reduce -2.3% 3.39% +0.02
VEA Vanguard Ftse Developed ETF Reduce -0.3% 15.17% +0.13
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.8% 11.69% +0.26

Portfolio Buys Q2 2024 → Q3 2024
VWO Vanguard Ftse Emerging Marke Add +0.6% 6.04% +0.24
NULV Nuveen ESG Large-Cap Val ETF Add +15.6% 1.28% +0.22
HCA HCA Healthcare Inc. Add +430.7% 0.10% +0.09
NUDM Nuveen ESG Intl Devel MRK Eq Add +0.7% 2.58% +0.08
NUBD Nuveen ESG US Aggregate Bond Add +7.5% 0.77% +0.04
NUEM Nuveen ESG Emerging Markets Add +0.3% 0.80% +0.02
WMT Walmart Inc. Add +0.0% 0.15% +0.02
VTI VG Morningstar TS MKT ETF-US Add +3.5% 0.11% +0.02
BIV Vanguard Intermediate-Term B Add +1.4% 3.23% +0.01
VEU Vanguard Ftse All-World Ex-U Add +16.7% 0.07% +0.01
SPMD SS SPDR P S&P 400 Midcap ETF Add +2120.0% 0.01% +0.01
DFAI Dimensional International Co. Add +396.6% 0.01% +0.01
SCHD Schwab US DVD Equity ETF New 0.01% +0.01
D Dominion Energy Inc. Add +0.8% 0.06% +0.01
SCHB Schwab US Broad Market ETF Add +14.2% 0.05% +0.01
CEG Constellation Energy Add +0.4% 0.03% +0.01
DFAS Dimensional US Small Cap ETF New 0.00% +0.00
SPYM Ste STR SPDR PT S&P 500 ETF New 0.00% +0.00
DFUS Dimensional US Eq MKT ETF New 0.00% +0.00
PPL PPL Corp. Add +0.9% 0.02% +0.00
CSCO Cisco Systems Inc. Add +0.3% 0.04% +0.00
SPDW Ste STR SPDR PT DW Eu ETF New 0.00% +0.00
EXC Exelon Corp. Add +0.9% 0.02% +0.00
SCHG Schwab US Large-Cap Growth Add +5.7% 0.05% +0.00
VFMF Vanguard US Multifactor ETF New 0.00% +0.00
JNJ Johnson & Johnson Add +0.2% 0.04% +0.00
SPYG SS SPDR P S&P 500 Growth ETF New 0.00% +0.00
SPSM SS SPDR P S&P 600 Small Cap New 0.00% +0.00
MO Altria Group Inc. Add +1.1% 0.01% +0.00
QUAL iShares MSCI USA Quality Fac New 0.00% +0.00
T AT&T Inc. Add +0.9% 0.01% +0.00
SW Smurfit Westrock PLC New 0.00% 0.00
BAC Bank of America Corp. Add +0.8% 0.00% −0.00
SYF Synchrony Financial Add +1.4% 0.00% −0.00
VZ Verizon Communications Inc. Add +2.0% 0.00% −0.00
HSY The Hershey Co. Add +0.3% 0.04% −0.00
HON Honeywell International Inc. Add +0.7% 0.02% −0.00
MKL Markel Group Inc. Add +1.4% 0.06% −0.00
TROW T Rowe Price Group Inc. Add +1.3% 0.04% −0.00
VTEB Vanguard Tax-Exempt Bond ETF Add +1.9% 0.56% −0.01
XOM Exxon Mobil Corp. Add +0.2% 0.31% −0.01
BNDX Vanguard Total Intl Bond ETF Add +1.6% 11.44% −0.07
BSV Vanguard Short-Term Bond ETF Add +1.3% 7.77% −0.12

Notes & Other Activity Q2 2024 → Q3 2024
PFG Principal Financial Group COM Sold out 0 $0before exit
PRA Proassurance Corp. COM Sold out 0 $0before exit
VOOG Vanguard S&P 500 Growth ETF 500 GRTH IDX F Sold out 0 $0before exit
VOOV Vanguard S&P 500 Value ETF 500 VAL IDX FD Sold out 0 $0before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 942$272.1MVEA, VUG, VTV, BNDX, BSV
Q1 2026 160$237.3MVEA, VUG, VTV, BNDX, BSV
Q4 2025 168$230.9MVEA, VUG, VTV, BNDX, BSV
Q3 2025 160$222.4MVEA, VUG, VTV, BNDX, BSV
Q2 2025 155$204.0MVEA, VUG, VTV, BNDX, BSV
Q1 2025 160$190.0MVEA, VUG, VTV, BNDX, BSV
Q4 2024 183$183.0MVUG, VEA, VTV, BNDX, BSV
Q3 2024 196$183.7MVEA, VUG, VTV, BNDX, BSV
Q2 2024 186$174.0MVUG, VEA, BNDX, VTV, BSV
Q1 2024 184$169.4MVEA, VUG, VTV, BNDX, BSV