Evolution Advisers, Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 29, 2025), Evolution Advisers, Inc. reported 183 stock positions worth $183.0 million. Its top holding was Vanguard Mrngstar GR ETF-Sui (VUG) at 15.3% of the portfolio, followed by Vanguard Ftse Developed ETF (VEA, 14.3%) and Vanguard Mrngstr Val ETF-Aui (VTV, 11.6%). Compared with Q3 2024, it opened 7 new positions, sold out of 20, added to 29 and reduced 26. The biggest buy was Vanguard Total Bond Market (BND, shares +37267%) and the biggest sale Vanguard Long-Term Bond ETF (BLV, shares −12%).

Most Recent 13F
Q2 2026
Location
RICHMOND, VA
CIK
0001906967
Portfolio Value
$183.0M (Q4 2024)
SEC Filing
0001907157-25-000005 ↗ filed Jan 29, 2025

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 Q3 2024 Q4 2024: $183.0M $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 183 stocks · $183.0M
VUG Vanguard Mrngstar GR ETF-Sui 15.33% 68,336 $28.0M Reduce -1.2%
VEA Vanguard Ftse Developed ETF 14.27% 546,033 $26.1M Add +3.5%
VTV Vanguard Mrngstr Val ETF-Aui 11.56% 124,981 $21.2M Add +1.6%
BNDX Vanguard Total Intl Bond ETF 11.25% 419,539 $20.6M Add +0.4%
BSV Vanguard Short-Term Bond ETF 8.10% 191,830 $14.8M Add +5.8%
VWO Vanguard Ftse Emerging Marke 5.72% 237,832 $10.5M Add +2.5%
VMBS Vanguard Mortgage-Backed Sec 4.15% 167,394 $7.6M Reduce -11.5%
BLV Vanguard Long-Term Bond ETF 3.60% 96,293 $6.6M Reduce -12.0%
VB Vanguard Most SM-Cap ETF-Usd 3.52% 26,779 $6.4M Add +1.9%
BIV Vanguard Intermediate-Term B 3.05% 74,591 $5.6M Reduce -1.4%
NUDM Nuveen ESG Intl Devel MRK Eq 2.35% 143,185 $4.3M Add +1.7%
VOO Vanguard S&P 500 ETF 1.51% 5,131 $2.8M Add +109.3%
NULG Nuveen ESG LRG-Cap GRW ETF 1.51% 32,169 $2.8M Reduce -0.2%
BND Vanguard Total Bond Market 1.44% 36,620 $2.6M Add +37267.3%
NULV Nuveen ESG Large-Cap Val ETF 1.21% 56,355 $2.2M Reduce -0.1%
NUBD Nuveen ESG US Aggregate Bond 0.85% 71,172 $1.6M Add +14.8%
PWV Invesco Large Cap Value ETF 0.76% 24,300 $1.4M No change
NUEM Nuveen ESG Emerging Markets 0.75% 47,405 $1.4M Reduce -0.4%
AAPL Apple Inc. 0.75% 5,489 $1.4M No change
SCHX Schwab US Large-Cap ETF 0.71% 55,985 $1.3M Reduce -3.0%
VTEB Vanguard Tax-Exempt Bond ETF 0.55% 19,969 $1.0M No change
NUSC Nuveen ESG Small-Cap ETF 0.35% 15,411 $645K Reduce -0.2%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.33% 2,389 $606K Reduce -6.7%
DFAC Dimensional US Core Equity 2 0.31% 16,680 $576K No change
XOM Exxon Mobil Corp. 0.28% 4,851 $521K Add +0.3%
UNP Union Pacific Corp. 0.27% 2,181 $497K No change
BRK.B Berkshire Hathaway Inc. Class B 0.23% 912 $413K No change
VCSH Vanguard S/T Corp. Bond ETF 0.19% 4,454 $347K No change
VXUS Vanguard Total Intl Stock 0.19% 5,831 $343K No change
WFC Wells Fargo & Co. 0.18% 4,812 $337K Reduce -28.7%
IAGG iShares Intl Aggregate Bond 0.17% 6,370 $317K New
WMT Walmart Inc. 0.17% 3,471 $313K No change
GNW Genworth Financial Inc. 0.16% 41,111 $287K No change
ORI Old Republic Intl Corp. 0.16% 7,873 $284K Reduce -17.9%
VT Vanguard Tot World STK ETF 0.15% 2,322 $272K Reduce -8.3%
GOOGL Alphabet Inc. Class A 0.14% 1,353 $256K No change
VYM Vanguard High DVD Yield ETF 0.13% 1,849 $235K No change
AMZN Amazon.com Inc. 0.13% 1,060 $232K Add +35.7%
NI Nisource Inc. 0.12% 5,932 $218K No change
KMB Kimberly-Clark Corp. 0.11% 1,606 $210K Reduce -19.3%
SCHF Schwab Intl Equity ETF 0.11% 11,336 $209K No change
HD Home Depot Inc. 0.10% 452 $175K No change
VTI VG Morningstar TS MKT ETF-US 0.10% 35,035 $175K Add +4.3%
SCHZ Schwab US Aggregate Bond ETF 0.09% 7,636 $173K No change
MSFT Microsoft Corp. 0.09% 390 $164K No change
JPM JPMorgan Chase & Co. 0.09% 657 $157K No change
SCHE Schwab Emrg Mrkts Eqty ETF 0.07% 4,957 $132K No change
MKL Markel Group Inc. 0.07% 74 $128K Add +1.4%
CW Curtiss-Wright Corp. 0.07% 350 $124K No change
V Visa Inc. Class A 0.07% 381 $120K No change
GOOG Alphabet Inc. Class C 0.07% 628 $119K No change
HCA HCA Healthcare Inc. 0.06% 390 $117K Reduce -16.5%
SCHM Schwab US Mid Cap ETF 0.06% 4,191 $116K No change
TDY Teledyne Technologies Inc. 0.06% 250 $116K No change
TFC Truist Financial Corp. 0.06% 74,786 $114K Reduce -0.1%
SCHB Schwab US Broad Market ETF 0.06% 4,828 $109K Add +6.0%
MA Mastercard Inc. Class A 0.06% 205 $108K No change
SYK Stryker Corp. 0.06% 300 $108K No change
D Dominion Energy Inc. 0.06% 1,990 $107K Add +0.9%
AVGO Broadcom Inc. 0.06% 450 $104K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.06% 179 $104K No change
LOW Lowe's Cos Inc. 0.06% 413 $101K Reduce -10.8%
TSLA Tesla Inc. 0.06% 251 $101K Reduce -24.9%
VEU Vanguard Ftse All-World Ex-U 0.05% 1,649 $94K Reduce -14.3%
VXF Vanguard Extended Market ETF 0.05% 498 $94K No change
KNSL Kinsale Capital Group Inc. 0.05% 199 $92K No change
PG The Procter & Gamble Co. 0.05% 543 $91K Add +0.6%
ELV Elevance Health Inc. 0.05% 236 $87K No change
CSCO Cisco Systems Inc. 0.05% 1,446 $85K Add +0.3%
SCHG Schwab US Large-Cap Growth 0.05% 3,032 $84K Reduce -18.5%
TMO Thermo Fisher Scientific Inc. 0.05% 160 $83K No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.04% 728 $82K Add +1.0%
J Jacobs Solutions Inc. 0.04% 600 $80K No change
PEP Pepsico Inc. 0.04% 526 $80K No change
SEIC Sei Investments Company 0.04% 873 $72K No change
COF Capital One Financial Corp. 0.04% 384 $68K Add +9.4%
DFAU Dimensional US Core Equity M 0.04% 1,699 $68K No change
BNDW Vanguard Total World Bond Et 0.04% 1,003 $68K Reduce -3.7%
ACN Accenture PLC Class A 0.04% 192 $67K No change
HSY The Hershey Co. 0.04% 381 $64K Add +0.3%
LMT Lockheed Martin Corp. 0.04% 132 $64K No change
ORCL Oracle Corp. 0.03% 380 $63K No change
JNJ Johnson & Johnson 0.03% 412 $59K No change
IVV iShares Core S&P 500 ETF 0.03% 100 $58K Reduce -12.3%
SCHA Schwab US Small-Cap ETF 0.03% 2,156 $55K No change
ADBE Adobe Inc. 0.03% 119 $52K No change
AMGN Amgen Inc. 0.03% 200 $52K No change
CEG Constellation Energy 0.03% 232 $52K No change
ADP Automatic Data Processing 0.03% 176 $51K No change
IJR iShares Core S&P Small-Cap E 0.03% 444 $51K No change
ESGD iShares Trust iShares ESG Aw 0.03% 650 $49K No change
MCK McKesson Corp. 0.03% 83 $47K No change
FIW First Trust Water ETF 0.03% 456 $46K No change
DAL Delta Air Lines Inc. 0.02% 759 $45K No change
PSX Phillips 66 0.02% 403 $45K Add +5.2%
ETN Eaton Corp. PLC 0.02% 126 $41K No change
UL Unilever PLC 0.02% 707 $40K No change
PPL PPL Corp. 0.02% 1,213 $39K Add +0.8%
NTR Nutrien Ltd. 0.02% 867 $38K No change
PAYX Paychex Inc. 0.02% 275 $38K No change

Show all 183 holdings

Portfolio Sells Q3 2024 → Q4 2024
BLV Vanguard Long-Term Bond ETF Reduce -12.0% 3.60% −0.88
VMBS Vanguard Mortgage-Backed Sec Reduce -11.5% 4.15% −0.71
BIV Vanguard Intermediate-Term B Reduce -1.4% 3.05% −0.18
NULV Nuveen ESG Large-Cap Val ETF Reduce -0.1% 1.21% −0.07
NUEM Nuveen ESG Emerging Markets Reduce -0.4% 0.75% −0.05
KMB Kimberly-Clark Corp. Reduce -19.3% 0.11% −0.04
HCA HCA Healthcare Inc. Reduce -16.5% 0.06% −0.04
ORI Old Republic Intl Corp. Reduce -17.9% 0.16% −0.03
WFC Wells Fargo & Co. Reduce -28.7% 0.18% −0.02
VT Vanguard Tot World STK ETF Reduce -8.3% 0.15% −0.02
VEU Vanguard Ftse All-World Ex-U Reduce -14.3% 0.05% −0.01
LOW Lowe's Cos Inc. Reduce -10.8% 0.06% −0.01
DFAI Dimensional International Co. Sold out 0.00% −0.01
SPMD SS SPDR P S&P 400 Midcap ETF Reduce -95.5% 0.00% −0.01
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -6.7% 0.33% −0.01
SCHD Schwab US DVD Equity ETF Sold out 0.00% −0.01
NUSC Nuveen ESG Small-Cap ETF Reduce -0.2% 0.35% −0.01
UBER Uber Technologies Inc. Reduce -98.2% 0.00% −0.01
SCHG Schwab US Large-Cap Growth Reduce -18.5% 0.05% −0.01
DFAS Dimensional US Small Cap ETF Sold out 0.00% −0.00
SPYM Ste STR SPDR PT S&P 500 ETF Sold out 0.00% −0.00
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -23.9% 0.02% −0.00
DFUS Dimensional US Eq MKT ETF Sold out 0.00% −0.00
FNDX Schwab Fndmntl US LRG Co. ETF Sold out 0.00% −0.00
IVV iShares Core S&P 500 ETF Reduce -12.3% 0.03% −0.00
BNDW Vanguard Total World Bond Et Reduce -3.7% 0.04% −0.00
SPDW Ste STR SPDR PT DW Eu ETF Sold out 0.00% −0.00
SCHX Schwab US Large-Cap ETF Reduce -3.0% 0.71% −0.00
VFMF Vanguard US Multifactor ETF Sold out 0.00% −0.00
TFC Truist Financial Corp. Reduce -0.1% 0.06% −0.00
DFAE Dimensional Emerging Core Eq Sold out 0.00% −0.00
SPYG SS SPDR P S&P 500 Growth ETF Sold out 0.00% −0.00
SPSM SS SPDR P S&P 600 Small Cap Sold out 0.00% −0.00
DFS Discover Financial Services Sold out 0.00% −0.00
QUAL iShares MSCI USA Quality Fac Sold out 0.00% −0.00
VIG Vanguard Dividend Apprec ETF Sold out 0.00% −0.00
CDC Victoryshares US Eq Income E Sold out 0.00% −0.00
FRDM Freedom 100 Emeging MRKT ETF Sold out 0.00% 0.00
DIVI Franklin International Core Reduce -92.6% 0.00% 0.00
BTC Grayscale Bitcoin Mini Trust Sold out 0.00% 0.00
LUMINAR TECHNOLOGIES INC Sold out 0.00% 0.00
SCHR Schwab Intermediate-Term US Sold out 0.00% 0.00
SCHO Schwab Short-Term US Treas Sold out 0.00% 0.00
TSLA Tesla Inc. Reduce -24.9% 0.06% +0.01
NULG Nuveen ESG LRG-Cap GRW ETF Reduce -0.2% 1.51% +0.06
VUG Vanguard Mrngstar GR ETF-Sui Reduce -1.2% 15.33% +0.87

Portfolio Buys Q3 2024 → Q4 2024
BND Vanguard Total Bond Market Add +37267.3% 1.44% +1.43
VOO Vanguard S&P 500 ETF Add +109.3% 1.51% +0.81
BSV Vanguard Short-Term Bond ETF Add +5.8% 8.10% +0.33
IAGG iShares Intl Aggregate Bond New 0.17% +0.17
VB Vanguard Most SM-Cap ETF-Usd Add +1.9% 3.52% +0.12
NUBD Nuveen ESG US Aggregate Bond Add +14.8% 0.85% +0.08
AMZN Amazon.com Inc. Add +35.7% 0.13% +0.05
COF Capital One Financial Corp. Add +9.4% 0.04% +0.01
MKL Markel Group Inc. Add +1.4% 0.07% +0.01
CSCO Cisco Systems Inc. Add +0.3% 0.05% +0.01
SCHB Schwab US Broad Market ETF Add +6.0% 0.06% +0.01
ITW Illinois Tool Works New 0.00% +0.00
TROW T Rowe Price Group Inc. Add +1.0% 0.04% +0.00
DUK Duke Energy Corp. New 0.00% +0.00
IWS iShares Russell Mid-Cap Valu New 0.00% +0.00
PM Philip Morris International Add +290.9% 0.00% +0.00
COP Conocophillips New 0.00% +0.00
T AT&T Inc. Add +0.8% 0.01% +0.00
PFE Pfizer Inc. New 0.00% +0.00
PPL PPL Corp. Add +0.8% 0.02% +0.00
MO Altria Group Inc. Add +1.1% 0.01% 0.00
ARCC Ares Capital Corp. Add +4.6% 0.00% 0.00
VZ Verizon Communications Inc. Add +1.3% 0.00% 0.00
VOLATILITY SHS TR New 0.00% 0.00
PG The Procter & Gamble Co. Add +0.6% 0.05% −0.00
EXC Exelon Corp. Add +1.1% 0.02% −0.00
PSX Phillips 66 Add +5.2% 0.02% −0.00
D Dominion Energy Inc. Add +0.9% 0.06% −0.00
HSY The Hershey Co. Add +0.3% 0.04% −0.00
VTI VG Morningstar TS MKT ETF-US Add +4.3% 0.10% −0.01
XOM Exxon Mobil Corp. Add +0.3% 0.28% −0.02
VTV Vanguard Mrngstr Val ETF-Aui Add +1.6% 11.56% −0.13
BNDX Vanguard Total Intl Bond ETF Add +0.4% 11.25% −0.20
NUDM Nuveen ESG Intl Devel MRK Eq Add +1.7% 2.35% −0.23
VWO Vanguard Ftse Emerging Marke Add +2.5% 5.72% −0.32
VEA Vanguard Ftse Developed ETF Add +3.5% 14.27% −0.90

Notes & Other Activity Q3 2024 → Q4 2024
AMAT Applied Materials Inc. COM New 0 $0

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