Evolution Advisers, Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Evolution Advisers, Inc. reported 160 stock positions worth $190.0 million. Its top holding was Vanguard Ftse Developed ETF (VEA) at 15.1% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 13.5%) and Vanguard Mrngstr Val ETF-Aui (VTV, 11.6%). Compared with Q4 2024, it opened 5 new positions, sold out of 28, added to 34 and reduced 24. The biggest buy was Vanguard Ftse Developed ETF (VEA, shares +4%) and the biggest sale Vanguard Total Bond Market (BND, shares −100%).

Most Recent 13F
Q2 2026
Location
RICHMOND, VA
CIK
0001906967
Portfolio Value
$190.0M (Q1 2025)
SEC Filing
0001842974-25-000015 ↗ filed May 9, 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 Q4 2024 Q1 2025: $190.0M $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 160 stocks · $190.0M
VEA Vanguard Ftse Developed ETF 15.06% 568,591 $28.6M Add +4.1%
VUG Vanguard Mrngstar GR ETF-Sui 13.46% 74,097 $25.6M Add +8.4%
VTV Vanguard Mrngstr Val ETF-Aui 11.62% 132,524 $22.1M Add +6.0%
BNDX Vanguard Total Intl Bond ETF 11.05% 432,160 $21.0M Add +3.0%
BSV Vanguard Short-Term Bond ETF 8.27% 202,818 $15.7M Add +5.7%
VWO Vanguard Ftse Emerging Marke 5.93% 250,907 $11.3M Add +5.5%
VMBS Vanguard Mortgage-Backed Sec 4.80% 198,088 $9.1M Add +18.3%
BLV Vanguard Long-Term Bond ETF 4.39% 119,668 $8.3M Add +24.3%
VB Vanguard Most SM-Cap ETF-Usd 3.37% 30,085 $6.4M Add +12.3%
BIV Vanguard Intermediate-Term B 3.34% 83,898 $6.3M Add +12.5%
NUDM Nuveen ESG Intl Devel MRK Eq 3.05% 182,051 $5.8M Add +27.1%
NUBD Nuveen ESG US Aggregate Bond 1.35% 116,036 $2.6M Add +63.0%
NULG Nuveen ESG LRG-Cap GRW ETF 1.32% 31,940 $2.5M Reduce -0.7%
NULV Nuveen ESG Large-Cap Val ETF 1.31% 61,312 $2.5M Add +8.8%
NUEM Nuveen ESG Emerging Markets 0.93% 60,705 $1.8M Add +28.1%
PWV Invesco Large Cap Value ETF 0.76% 24,300 $1.4M No change
VOO Vanguard S&P 500 ETF 0.69% 2,537 $1.3M Reduce -50.6%
SCHX Schwab US Large-Cap ETF 0.65% 55,872 $1.2M Reduce -0.2%
AAPL Apple Inc. 0.64% 5,489 $1.2M No change
VTEB Vanguard Tax-Exempt Bond ETF 0.41% 15,757 $781K Reduce -21.1%
GNW Genworth Financial Inc. 0.36% 96,252 $680K Add +134.1%
NUSC Nuveen ESG Small-Cap ETF 0.32% 15,856 $607K Add +2.9%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.31% 2,389 $584K No change
XOM Exxon Mobil Corp. 0.30% 4,851 $575K No change
DFAC Dimensional US Core Equity 2 0.29% 16,680 $550K No change
VXUS Vanguard Total Intl Stock 0.29% 8,843 $549K Add +51.6%
UNP Union Pacific Corp. 0.27% 2,181 $515K No change
BRK.B Berkshire Hathaway Inc. Class B 0.25% 905 $481K Reduce -0.8%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.24% 1,812 $465K Add +2284.2%
BNDW Vanguard Total World Bond Et 0.20% 5,543 $381K Add +452.6%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.19% 1,415 $365K Add +1099.2%
VCSH Vanguard S/T Corp. Bond ETF 0.18% 4,454 $351K No change
IAGG iShares Intl Aggregate Bond 0.17% 6,370 $318K No change
WFC Wells Fargo & Co. 0.17% 4,442 $318K Reduce -7.7%
ORI Old Republic Intl Corp. 0.16% 7,873 $308K No change
WMT Walmart Inc. 0.16% 3,456 $302K Reduce -0.4%
VT Vanguard Tot World STK ETF 0.13% 2,072 $240K Reduce -10.8%
NI Nisource Inc. 0.12% 5,932 $237K No change
VYM Vanguard High DVD Yield ETF 0.12% 1,829 $235K Reduce -1.1%
KMB Kimberly-Clark Corp. 0.12% 1,606 $228K No change
SCHF Schwab Intl Equity ETF 0.12% 11,336 $224K No change
GOOGL Alphabet Inc. Class A 0.11% 1,320 $204K Reduce -2.4%
AMZN Amazon.com Inc. 0.10% 1,043 $198K Reduce -1.6%
SCHZ Schwab US Aggregate Bond ETF 0.09% 7,636 $176K No change
VTI VG Morningstar TS MKT ETF-US 0.09% 33,784 $166K Reduce -3.6%
HD Home Depot Inc. 0.08% 440 $161K Reduce -2.6%
JPM JPMorgan Chase & Co. 0.08% 651 $159K Reduce -0.9%
MSFT Microsoft Corp. 0.08% 390 $146K No change
MKL Markel Group Inc. 0.07% 75 $140K Add +1.4%
SCHE Schwab Emrg Mrkts Eqty ETF 0.07% 4,957 $136K No change
HCA HCA Healthcare Inc. 0.07% 390 $134K No change
V Visa Inc. Class A 0.07% 381 $133K No change
TDY Teledyne Technologies Inc. 0.07% 250 $124K No change
MA Mastercard Inc. Class A 0.06% 205 $112K No change
TFC Truist Financial Corp. 0.06% 74,770 $112K Reduce -0.0%
CW Curtiss-Wright Corp. 0.06% 350 $111K No change
SYK Stryker Corp. 0.06% 300 $111K No change
D Dominion Energy Inc. 0.06% 2,000 $110K Add +0.5%
SCHM Schwab US Mid Cap ETF 0.06% 4,191 $109K No change
PG The Procter & Gamble Co. 0.06% 619 $105K Add +14.0%
ELV Elevance Health Inc. 0.05% 236 $102K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.05% 179 $100K No change
VEU Vanguard Ftse All-World Ex-U 0.05% 1,649 $100K No change
KNSL Kinsale Capital Group Inc. 0.05% 199 $96K No change
LOW Lowe's Cos Inc. 0.05% 413 $96K No change
GOOG Alphabet Inc. Class C 0.05% 600 $93K Reduce -4.5%
CSCO Cisco Systems Inc. 0.05% 1,449 $88K Add +0.2%
VXF Vanguard Extended Market ETF 0.04% 498 $85K No change
TMO Thermo Fisher Scientific Inc. 0.04% 160 $79K No change
PEP Pepsico Inc. 0.04% 526 $78K No change
AVGO Broadcom Inc. 0.04% 450 $75K No change
SCHG Schwab US Large-Cap Growth 0.04% 3,032 $75K No change
JNJ Johnson & Johnson 0.04% 451 $74K Add +9.5%
J Jacobs Solutions Inc. 0.04% 600 $72K No change
COF Capital One Financial Corp. 0.04% 398 $69K Add +3.6%
SEIC Sei Investments Company 0.04% 873 $67K No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.03% 728 $66K No change
DFAU Dimensional US Core Equity M 0.03% 1,699 $65K No change
HSY The Hershey Co. 0.03% 381 $65K No change
TSLA Tesla Inc. 0.03% 251 $65K No change
AMGN Amgen Inc. 0.03% 200 $62K No change
ACN Accenture PLC Class A 0.03% 192 $59K No change
LMT Lockheed Martin Corp. 0.03% 132 $58K No change
IVV iShares Core S&P 500 ETF 0.03% 100 $56K No change
MCK McKesson Corp. 0.03% 83 $55K No change
ADP Automatic Data Processing 0.03% 176 $53K No change
ESGD iShares Trust iShares ESG Aw 0.03% 650 $53K No change
ORCL Oracle Corp. 0.03% 380 $53K No change
SCHA Schwab US Small-Cap ETF 0.03% 2,156 $50K No change
PSX Phillips 66 0.03% 400 $49K Reduce -0.7%
CEG Constellation Energy 0.02% 232 $47K No change
IJR iShares Core S&P Small-Cap E 0.02% 444 $46K No change
ADBE Adobe Inc. 0.02% 119 $45K No change
FIW First Trust Water ETF 0.02% 456 $45K No change
NTR Nutrien Ltd. 0.02% 867 $43K No change
PPL PPL Corp. 0.02% 1,223 $43K Add +0.8%
PAYX Paychex Inc. 0.02% 275 $42K No change
UL Unilever PLC 0.02% 700 $41K Reduce -1.0%
UNH Unitedhealth Group Inc. 0.02% 75 $39K Reduce -2.6%
FTNT Fortinet Inc. 0.02% 390 $37K No change
SBUX Starbucks Corp. 0.02% 383 $37K No change
CTAS Cintas Corp. 0.02% 180 $36K No change
EXC Exelon Corp. 0.02% 760 $34K No change
ETN Eaton Corp. PLC 0.02% 126 $34K No change
DAL Delta Air Lines Inc. 0.02% 759 $33K No change
IJH iShares Core S&P Midcap ETF 0.02% 565 $32K Reduce -2.1%
CHD Church & Dwight Co. Inc. 0.02% 278 $30K No change
HON Honeywell International Inc. 0.01% 136 $28K No change
MDY State Street SPDR S&P Midcap 0.01% 54 $28K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.01% 109 $27K Add +9.0%
TTE Totalenergies SE -Spon ADR 0.01% 424 $27K No change
COST Costco Wholesale Corp. 0.01% 28 $26K Reduce -22.2%
CVX Chevron Corp. 0.01% 150 $25K Add +13.6%
WSM Williams-Sonoma Inc. 0.01% 132 $20K No change
GE General Electric filed as GE AEROSPACE 0.01% 95 $19K No change
ESGV Vanguard ESG US Stock ETF 0.01% 199 $19K No change
T AT&T Inc. 0.01% 644 $18K Add +9.2%
MO Altria Group Inc. 0.01% 274 $16K Reduce -1.8%
IEMG iShares Core MSCI Emerging 0.01% 300 $16K No change
SCHB Schwab US Broad Market ETF 0.01% 657 $14K Reduce -86.4%
IWD iShares Russell 1000 Value E 0.01% 71 $13K No change
CRM Salesforce Inc. 0.01% 50 $13K No change
RIVN Rivian Automotive Inc. Class A 0.01% 1,006 $12K Add +293.0%
AWK American Water Works Co. Inc. 0.01% 80 $11K No change
AMTM Amentum Holdings Inc. 0.01% 600 $10K No change
DHR Danaher Corp. 0.01% 50 $10K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.00% 100 $9K No change
DUK Duke Energy Corp. 0.00% 71 $8K Add +61.4%
METV Roundhill Ball Metaverse ETF 0.00% 600 $8K No change
UPS United Parcel Service Class B 0.00% 79 $8K No change
GOLF Acushnet Holdings Corp. 0.00% 103 $7K No change
ARCC Ares Capital Corp. 0.00% 318 $7K No change
EXR Extra Space Storage Inc. 0.00% 50 $7K No change
F Ford Motor Co. filed as FORD MTR CO 0.00% 700 $7K No change
GEV GE Vernova Inc. 0.00% 23 $7K No change
VZ Verizon Communications Inc. 0.00% 157 $7K Add +1.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.00% 125 $5K No change
SO The Southern Co. 0.00% 60 $5K New
CRC California Resources Corp. 0.00% 113 $4K No change
MRK Merck & Co. Inc. 0.00% 50 $4K New
AMT American Tower Corp. 0.00% 14 $3K New
BAX Baxter International Inc. 0.00% 100 $3K No change
SYF Synchrony Financial 0.00% 74 $3K No change
VLO Valero Energy Corp. 0.00% 25 $3K New
CGCP Cap Group Core Plus Income 0.00% 80 $1K New
KO The Coca-Cola Co. 0.00% 27 $1K Add +170.0%
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
BND Vanguard Total Bond Market 0.00% 20 $1K Reduce -100.0%
VNQ Vanguard Real Estate ETF 0.00% 20 $1K 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% 2 $0 No change
IQLT iShares MSCI International Q 0.00% 22 $0 No change
IDRV iShares Self-Driving Ev&tech 0.00% 5 $0 No change
NKE Nike Inc. Class B 0.00% 2 $0 No change
SPMD SS SPDR P S&P 400 Midcap ETF 0.00% 15 $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

Portfolio Sells Q4 2024 → Q1 2025
BND Vanguard Total Bond Market Reduce -100.0% 0.00% −1.44
VOO Vanguard S&P 500 ETF Reduce -50.6% 0.69% −0.82
NULG Nuveen ESG LRG-Cap GRW ETF Reduce -0.7% 1.32% −0.19
VTEB Vanguard Tax-Exempt Bond ETF Reduce -21.1% 0.41% −0.14
SCHX Schwab US Large-Cap ETF Reduce -0.2% 0.65% −0.06
SCHB Schwab US Broad Market ETF Reduce -86.4% 0.01% −0.05
GOOGL Alphabet Inc. Class A Reduce -2.4% 0.11% −0.03
AMZN Amazon.com Inc. Reduce -1.6% 0.10% −0.02
VT Vanguard Tot World STK ETF Reduce -10.8% 0.13% −0.02
WFC Wells Fargo & Co. Reduce -7.7% 0.17% −0.02
GOOG Alphabet Inc. Class C Reduce -4.5% 0.05% −0.02
WMT Walmart Inc. Reduce -0.4% 0.16% −0.01
HD Home Depot Inc. Reduce -2.6% 0.08% −0.01
TGT Target Corp. Sold out 0.00% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -3.6% 0.09% −0.01
VYM Vanguard High DVD Yield ETF Reduce -1.1% 0.12% −0.00
COST Costco Wholesale Corp. Reduce -22.2% 0.01% −0.00
ITW Illinois Tool Works Sold out 0.00% −0.00
TFC Truist Financial Corp. Reduce -0.0% 0.06% −0.00
PM Philip Morris International Sold out 0.00% −0.00
IJH iShares Core S&P Midcap ETF Reduce -2.1% 0.02% −0.00
IWS iShares Russell Mid-Cap Valu Sold out 0.00% −0.00
JPM JPMorgan Chase & Co. Reduce -0.9% 0.08% −0.00
KMX Carmax Inc. Sold out 0.00% −0.00
COP Conocophillips Sold out 0.00% −0.00
ABBV Abbvie Inc. Sold out 0.00% −0.00
PFE Pfizer Inc. Sold out 0.00% −0.00
RTX RTX Corp. Sold out 0.00% −0.00
XLK SS Technology Select Sector Sold out 0.00% −0.00
UL Unilever PLC Reduce -1.0% 0.02% −0.00
UNH Unitedhealth Group Inc. Reduce -2.6% 0.02% −0.00
ABT Abbott Laboratories Sold out 0.00% 0.00
CARR Carrier Global Corp. Sold out 0.00% 0.00
DLTR Dollar Tree Inc. Sold out 0.00% 0.00
GD General Dynamics Corp. Sold out 0.00% 0.00
GBTC Grayscale Bitcoin Trust ETF Sold out 0.00% 0.00
NGVT Ingevity Corp. Sold out 0.00% 0.00
INTC Intel Corp. Sold out 0.00% 0.00
MCD McDonald's Corp. Sold out 0.00% 0.00
OLPX Olaplex Holdings Inc. Sold out 0.00% 0.00
OTIS Otis Worldwide Corp. Sold out 0.00% 0.00
PYPL PayPal Holdings Inc. Sold out 0.00% 0.00
RBLX Roblox Corp. Class A Sold out 0.00% 0.00
SLB SLB Ltd. Sold out 0.00% 0.00
SHOP Shopify Inc. Class A Sold out 0.00% 0.00
UBER Uber Technologies Inc. Sold out 0.00% 0.00
UA Under Armour Inc. Class C Sold out 0.00% 0.00
VOLATILITY SHS TR Sold out 0.00% 0.00
SW Smurfit Westrock PLC Sold out 0.00% 0.00
MO Altria Group Inc. Reduce -1.8% 0.01% +0.00

Portfolio Buys Q4 2024 → Q1 2025
VEA Vanguard Ftse Developed ETF Add +4.1% 15.06% +0.80
BLV Vanguard Long-Term Bond ETF Add +24.3% 4.39% +0.79
NUDM Nuveen ESG Intl Devel MRK Eq Add +27.1% 3.05% +0.70
VMBS Vanguard Mortgage-Backed Sec Add +18.3% 4.80% +0.65
NUBD Nuveen ESG US Aggregate Bond Add +63.0% 1.35% +0.51
BIV Vanguard Intermediate-Term B Add +12.5% 3.34% +0.29
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +2284.2% 0.24% +0.23
VWO Vanguard Ftse Emerging Marke Add +5.5% 5.93% +0.21
GNW Genworth Financial Inc. Add +134.1% 0.36% +0.20
NUEM Nuveen ESG Emerging Markets Add +28.1% 0.93% +0.18
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +1099.2% 0.19% +0.18
BSV Vanguard Short-Term Bond ETF Add +5.7% 8.27% +0.17
BNDW Vanguard Total World Bond Et Add +452.6% 0.20% +0.16
VXUS Vanguard Total Intl Stock Add +51.6% 0.29% +0.10
NULV Nuveen ESG Large-Cap Val ETF Add +8.8% 1.31% +0.09
VTV Vanguard Mrngstr Val ETF-Aui Add +6.0% 11.62% +0.06
JNJ Johnson & Johnson Add +9.5% 0.04% +0.01
PG The Procter & Gamble Co. Add +14.0% 0.06% +0.01
RIVN Rivian Automotive Inc. Class A Add +293.0% 0.01% +0.00
MKL Markel Group Inc. Add +1.4% 0.07% +0.00
CVX Chevron Corp. Add +13.6% 0.01% +0.00
IBM Intl Business Machines Corp. Add +9.0% 0.01% +0.00
SO The Southern Co. New 0.00% +0.00
T AT&T Inc. Add +9.2% 0.01% +0.00
MRK Merck & Co. Inc. New 0.00% +0.00
DUK Duke Energy Corp. Add +61.4% 0.00% +0.00
AMT American Tower Corp. New 0.00% +0.00
VLO Valero Energy Corp. New 0.00% +0.00
PPL PPL Corp. Add +0.8% 0.02% +0.00
CGCP Cap Group Core Plus Income New 0.00% +0.00
KO The Coca-Cola Co. Add +170.0% 0.00% +0.00
VZ Verizon Communications Inc. Add +1.9% 0.00% +0.00
CSCO Cisco Systems Inc. Add +0.2% 0.05% −0.00
D Dominion Energy Inc. Add +0.5% 0.06% −0.00
COF Capital One Financial Corp. Add +3.6% 0.04% −0.00
NUSC Nuveen ESG Small-Cap ETF Add +2.9% 0.32% −0.03
VB Vanguard Most SM-Cap ETF-Usd Add +12.3% 3.37% −0.15
BNDX Vanguard Total Intl Bond ETF Add +3.0% 11.05% −0.20
VUG Vanguard Mrngstar GR ETF-Sui Add +8.4% 13.46% −1.86

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