Evolution Advisers, Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed January 23, 2026), Evolution Advisers, Inc. reported 160 stock positions worth $222.4 million. Its top holding was Vanguard Ftse Developed ETF (VEA) at 15.9% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 15.1%) and Vanguard Mrngstr Val ETF-Aui (VTV, 10.7%). Compared with Q2 2025, it opened 7 new positions, sold out of 2, added to 24 and reduced 17. The biggest buy was Vanguard Mrngstar GR ETF-Sui (VUG, shares +3%) and the biggest sale Genworth Financial (GNW, shares −44%).

Most Recent 13F
Q2 2026
Location
RICHMOND, VA
CIK
0001906967
Portfolio Value
$222.4M (Q3 2025)
SEC Filing
0001906967-26-000003 ↗ filed Jan 23, 2026

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 Q1 2025 Q2 2025: $204.0M Q2 2025 Q3 2025: $222.4M $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 · $222.4M
VEA Vanguard Ftse Developed ETF 15.93% 586,751 $35.4M Add +5.5%
VUG Vanguard Mrngstar GR ETF-Sui 15.05% 69,481 $33.5M Add +3.0%
VTV Vanguard Mrngstr Val ETF-Aui 10.75% 127,912 $23.9M Add +1.5%
BNDX Vanguard Total Intl Bond ETF 10.42% 468,494 $23.2M Add +5.5%
BSV Vanguard Short-Term Bond ETF 7.89% 221,979 $17.6M Add +7.3%
VWO Vanguard Ftse Emerging Marke 6.20% 252,854 $13.8M Add +2.7%
VMBS Vanguard Mortgage-Backed Sec 4.42% 208,527 $9.8M Add +4.5%
BLV Vanguard Long-Term Bond ETF 4.15% 129,995 $9.2M Add +6.3%
VB Vanguard Most SM-Cap ETF-Usd 3.54% 30,907 $7.9M Add +6.8%
BIV Vanguard Intermediate-Term B 3.48% 98,704 $7.7M Add +12.0%
NUDM Nuveen ESG Intl Devel MRK Eq 3.11% 182,125 $6.9M Reduce -0.6%
NULG Nuveen ESG LRG-Cap GRW ETF 1.43% 31,911 $3.2M Add +0.8%
NUBD Nuveen ESG US Aggregate Bond 1.23% 121,431 $2.7M Add +4.7%
NULV Nuveen ESG Large-Cap Val ETF 1.21% 61,270 $2.7M Reduce -0.3%
NUEM Nuveen ESG Emerging Markets 0.98% 60,485 $2.2M Reduce -0.3%
PWV Invesco Large Cap Value ETF 0.71% 24,300 $1.6M No change
VOO Vanguard S&P 500 ETF 0.68% 2,479 $1.5M Add +1.3%
SCHX Schwab US Large-Cap ETF 0.66% 55,773 $1.5M No change
AAPL Apple Inc. 0.62% 5,419 $1.4M Add +2.9%
GNW Genworth Financial Inc. 0.48% 121,849 $1.1M Reduce -44.1%
VTEB Vanguard Tax-Exempt Bond ETF 0.36% 15,772 $790K Reduce -0.6%
NUSC Nuveen ESG Small-Cap ETF 0.32% 15,985 $708K Add +0.2%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.32% 2,389 $702K No change
VXUS Vanguard Total Intl Stock 0.29% 8,770 $648K Reduce -0.8%
DFAC Dimensional US Core Equity 2 0.29% 16,680 $644K No change
XOM Exxon Mobil Corp. 0.25% 4,954 $554K Add +2.5%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.25% 1,785 $551K Reduce -1.5%
UNP Union Pacific Corp. 0.22% 2,042 $479K No change
BRK.B Berkshire Hathaway Inc. Class B 0.20% 905 $450K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.18% 1,394 $409K Reduce -1.5%
WMT Walmart Inc. 0.17% 3,779 $385K Add +9.3%
VCSH Vanguard S/T Corp. Bond ETF 0.16% 4,454 $356K No change
WFC Wells Fargo & Co. 0.16% 4,334 $350K No change
GOOGL Alphabet Inc. Class A 0.15% 1,359 $332K Add +4.5%
ORI Old Republic Intl Corp. 0.15% 7,682 $328K No change
VT Vanguard Tot World STK ETF 0.13% 2,057 $284K Add +0.7%
NI Nisource Inc. 0.11% 5,932 $255K No change
SCHF Schwab Intl Equity ETF 0.11% 10,747 $252K Reduce -5.2%
MSFT Microsoft Corp. 0.11% 474 $246K Add +21.5%
VYM Vanguard High DVD Yield ETF 0.11% 1,678 $236K Reduce -8.3%
AMZN Amazon.com Inc. 0.10% 1,035 $228K Reduce -0.8%
JPM JPMorgan Chase & Co. 0.09% 651 $202K No change
VTI VG Morningstar TS MKT ETF-US 0.09% 39,187 $198K No change
KMB Kimberly-Clark Corp. 0.09% 1,567 $195K No change
CW Curtiss-Wright Corp. 0.09% 350 $189K No change
SCHZ Schwab US Aggregate Bond ETF 0.08% 7,636 $179K No change
HD Home Depot Inc. 0.08% 440 $174K No change
SCHE Schwab Emrg Mrkts Eqty ETF 0.07% 4,857 $163K Reduce -2.0%
HCA HCA Healthcare Inc. 0.07% 355 $151K No change
AVGO Broadcom Inc. 0.07% 450 $150K No change
GOOG Alphabet Inc. Class C 0.07% 600 $147K No change
MKL Markel Group Inc. 0.06% 76 $144K No change
TDY Teledyne Technologies Inc. 0.06% 250 $143K No change
V Visa Inc. Class A 0.06% 381 $132K No change
LOW Lowe's Cos Inc. 0.06% 522 $129K Add +26.4%
SCHM Schwab US Mid Cap ETF 0.06% 4,191 $124K No change
D Dominion Energy Inc. 0.05% 1,967 $119K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.05% 179 $119K No change
VEU Vanguard Ftse All-World Ex-U 0.05% 1,649 $118K No change
MA Mastercard Inc. Class A 0.05% 205 $117K No change
TFC Truist Financial Corp. 0.05% 74,770 $116K No change
ORCL Oracle Corp. 0.05% 380 $109K No change
SYK Stryker Corp. 0.05% 300 $109K No change
VXF Vanguard Extended Market ETF 0.05% 498 $104K No change
CSCO Cisco Systems Inc. 0.04% 1,449 $99K No change
J Jacobs Solutions Inc. 0.04% 600 $91K No change
TSLA Tesla Inc. 0.04% 192 $88K Reduce -23.5%
COF Capital One Financial Corp. 0.04% 398 $85K No change
SCHG Schwab US Large-Cap Growth 0.04% 2,618 $84K Reduce -13.7%
TMO Thermo Fisher Scientific Inc. 0.04% 160 $84K No change
KNSL Kinsale Capital Group Inc. 0.04% 199 $83K No change
CEG Constellation Energy 0.04% 232 $81K No change
ELV Elevance Health Inc. 0.04% 236 $78K No change
DFAU Dimensional US Core Equity M 0.03% 1,699 $77K No change
JNJ Johnson & Johnson 0.03% 403 $75K Add +0.3%
PEP Pepsico Inc. 0.03% 526 $75K No change
BNDW Vanguard Total World Bond Et 0.03% 1,086 $75K Add +6.9%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.03% 728 $73K No change
SEIC Sei Investments Company 0.03% 873 $73K No change
HSY The Hershey Co. 0.03% 381 $72K No change
HYBX TCW High Yield Bond ETF 0.03% 2,245 $69K New
IVV iShares Core S&P 500 ETF 0.03% 100 $67K No change
LMT Lockheed Martin Corp. 0.03% 132 $65K No change
MCK McKesson Corp. 0.03% 83 $63K No change
ESGD iShares Trust iShares ESG Aw 0.03% 650 $60K No change
AMGN Amgen Inc. 0.03% 200 $59K No change
SCHA Schwab US Small-Cap ETF 0.03% 2,144 $59K Reduce -0.6%
IJR iShares Core S&P Small-Cap E 0.02% 444 $52K No change
ADP Automatic Data Processing 0.02% 176 $51K No change
FIW First Trust Water ETF 0.02% 456 $51K No change
PSX Phillips 66 0.02% 373 $50K No change
NTR Nutrien Ltd. 0.02% 867 $49K No change
ETN Eaton Corp. PLC 0.02% 126 $47K No change
ACN Accenture PLC Class A 0.02% 192 $46K No change
PPL PPL Corp. 0.02% 1,223 $44K No change
DAL Delta Air Lines Inc. 0.02% 759 $42K No change
IAGG iShares Intl Aggregate Bond 0.02% 822 $42K No change
UL Unilever PLC 0.02% 700 $41K No change
IYF iShares US Financials ETF 0.02% 317 $39K New
IJH iShares Core S&P Midcap ETF 0.02% 565 $37K No change

Show all 160 holdings

Portfolio Sells Q2 2025 → Q3 2025
GNW Genworth Financial Inc. Reduce -44.1% 0.48% −0.35
NUDM Nuveen ESG Intl Devel MRK Eq Reduce -0.6% 3.11% −0.08
NULV Nuveen ESG Large-Cap Val ETF Reduce -0.3% 1.21% −0.05
PG The Procter & Gamble Co. Sold out 0.00% −0.04
VTEB Vanguard Tax-Exempt Bond ETF Reduce -0.6% 0.36% −0.03
ADBE Adobe Inc. Reduce -49.6% 0.01% −0.01
VYM Vanguard High DVD Yield ETF Reduce -8.3% 0.11% −0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -1.5% 0.18% −0.01
AMZN Amazon.com Inc. Reduce -0.8% 0.10% −0.01
SCHF Schwab Intl Equity ETF Reduce -5.2% 0.11% −0.01
NUEM Nuveen ESG Emerging Markets Reduce -0.3% 0.98% −0.01
VXUS Vanguard Total Intl Stock Reduce -0.8% 0.29% −0.01
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -1.5% 0.25% −0.01
SCHG Schwab US Large-Cap Growth Reduce -13.7% 0.04% −0.01
T AT&T Inc. Reduce -16.8% 0.01% −0.00
BAX Baxter International Inc. Sold out 0.00% −0.00
SCHA Schwab US Small-Cap ETF Reduce -0.6% 0.03% +0.00
SCHE Schwab Emrg Mrkts Eqty ETF Reduce -2.0% 0.07% +0.00
TSLA Tesla Inc. Reduce -23.5% 0.04% +0.00

Portfolio Buys Q2 2025 → Q3 2025
VUG Vanguard Mrngstar GR ETF-Sui Add +3.0% 15.05% +0.54
VEA Vanguard Ftse Developed ETF Add +5.5% 15.93% +0.38
VWO Vanguard Ftse Emerging Marke Add +2.7% 6.20% +0.23
VB Vanguard Most SM-Cap ETF-Usd Add +6.8% 3.54% +0.17
BIV Vanguard Intermediate-Term B Add +12.0% 3.48% +0.14
AAPL Apple Inc. Add +2.9% 0.62% +0.09
GOOGL Alphabet Inc. Class A Add +4.5% 0.15% +0.04
HYBX TCW High Yield Bond ETF New 0.03% +0.03
IYF iShares US Financials ETF New 0.02% +0.02
LIN Linde PLC New 0.02% +0.02
MSFT Microsoft Corp. Add +21.5% 0.11% +0.02
PPA Invesco Aerospace & Defense New 0.01% +0.01
LOW Lowe's Cos Inc. Add +26.4% 0.06% +0.01
IYW iShares Ustechnology ETF New 0.01% +0.01
WMT Walmart Inc. Add +9.3% 0.17% +0.01
VBIL Vanguard 0-3M T-Bill ETF New 0.01% +0.01
QQQ Invesco QQQ Trust Series 1 New 0.01% +0.01
JNJ Johnson & Johnson Add +0.3% 0.03% +0.00
VOO Vanguard S&P 500 ETF Add +1.3% 0.68% +0.00
MTZ Mastec Inc. Add +66.7% 0.00% +0.00
NUSC Nuveen ESG Small-Cap ETF Add +0.2% 0.32% −0.00
BNDW Vanguard Total World Bond Et Add +6.9% 0.03% −0.00
VT Vanguard Tot World STK ETF Add +0.7% 0.13% −0.00
XOM Exxon Mobil Corp. Add +2.5% 0.25% −0.01
BLV Vanguard Long-Term Bond ETF Add +6.3% 4.15% −0.02
NULG Nuveen ESG LRG-Cap GRW ETF Add +0.8% 1.43% −0.03
NUBD Nuveen ESG US Aggregate Bond Add +4.7% 1.23% −0.04
BSV Vanguard Short-Term Bond ETF Add +7.3% 7.89% −0.09
VMBS Vanguard Mortgage-Backed Sec Add +4.5% 4.42% −0.11
VTV Vanguard Mrngstr Val ETF-Aui Add +1.5% 10.75% −0.23
BNDX Vanguard Total Intl Bond ETF Add +5.5% 10.42% −0.35

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