Financial Consulate, Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 23, 2026), Financial Consulate, Inc. reported 1,440 stock positions worth $898.5 million. Its top holding was Schwab US Large-Cap ETF (SCHX) at 17.3% of the portfolio, followed by Dimensional US High Profi Et (DUHP, 9.8%) and PIMCO Rafi Dynamic Multi-Fac (MFDX, 7.9%). Compared with Q1 2026, it opened 127 new positions, sold out of 84, added to 454 and reduced 264. The biggest buy was Schwab US Large-Cap ETF (SCHX, shares +1%) and the biggest sale State Street SPDR Portfolio (SPGM, shares −61%).
- Most Recent 13F
- Q2 2026
- Location
- HUNT VALLEY, MD
- CIK
- 0001624510
- Portfolio Value
- $898.5M (Q2 2026)
- SEC Filing
- 0001624510-26-000004 ↗ filed Jul 23, 2026
Holdings Value
Holdings 1,440 stocks · $898.5M
| SCHX Schwab US Large-Cap ETF | 17.25% | 5,266,972 | $155.0M | Add +1.4% |
| DUHP Dimensional US High Profi Et | 9.80% | 2,109,650 | $88.0M | Add +3.5% |
| MFDX PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER | 7.90% | 1,704,901 | $71.0M | Add +1.1% |
| SCHF Schwab Intl Equity ETF | 5.93% | 1,923,183 | $53.3M | Add +3.7% |
| DIHP Dimensional International Hi | 4.94% | 1,301,772 | $44.4M | Add +5.3% |
| SHV iShares 0-1 Year Treasury Bo | 4.27% | 347,758 | $38.4M | Add +5.8% |
| VTIP Vanguard Short-Term Tips | 4.13% | 738,693 | $37.1M | Add +4.6% |
| DFAS Dimensional US Small Cap ETF | 3.97% | 433,095 | $35.7M | Add +2.5% |
| FNDB Schwab Fndmntl US BRD Mr ETF | 3.66% | 1,078,457 | $32.8M | Add +3.7% |
| SHY iShares 1-3 Year Treasury Bo | 3.00% | 328,601 | $27.0M | Add +1.6% |
| AAPL Apple Inc. | 2.45% | 76,017 | $22.0M | Reduce -1.6% |
| FLQM Franklin U.S. Mid Cap Multif | 2.44% | 379,294 | $22.0M | Add +0.9% |
| PULS Pgim Ultra Short Bond ETF | 2.36% | 427,177 | $21.2M | Add +7.9% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 2.09% | 473,791 | $18.8M | Add +4.4% |
| TCAF T Rowe PRC Cap Appreciation | 2.09% | 456,246 | $18.8M | Add +2.8% |
| MFUS PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER | 2.06% | 276,018 | $18.5M | Add +4.8% |
| SCHD Schwab US DVD Equity ETF | 1.51% | 426,828 | $13.5M | Add +3.2% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 1.46% | 247,859 | $13.1M | Add +2.7% |
| GMF State Street SPDR S&P Emergi | 1.17% | 67,180 | $10.5M | Reduce -0.3% |
| MKC McCormick & Co.-Non VTG SHRS | 1.01% | 180,036 | $9.1M | Reduce -1.9% |
| NVDA Nvidia Corp. | 0.64% | 28,859 | $5.8M | Add +5.5% |
| TXG 10X Genomics Inc. Class A | 0.54% | 126,356 | $4.8M | Reduce -19.2% |
| PATK Patrick Industries Inc. | 0.53% | 52,645 | $4.7M | No change |
| VOO Vanguard S&P 500 ETF | 0.49% | 6,394 | $4.4M | Reduce -0.4% |
| SCHB Schwab US Broad Market ETF | 0.37% | 114,378 | $3.3M | Add +7.0% |
| DFAT Dimensional US Target Value | 0.34% | 44,061 | $3.1M | Add +6.5% |
| PNC PNC Financial Services Group | 0.34% | 12,368 | $3.0M | Reduce -0.5% |
| MSFT Microsoft Corp. | 0.33% | 8,020 | $3.0M | Reduce -0.7% |
| IVV iShares Core S&P 500 ETF | 0.33% | 3,932 | $2.9M | Reduce -0.5% |
| GOOG Alphabet Inc. Class C | 0.30% | 7,752 | $2.7M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 0.30% | 11,413 | $2.7M | Add +0.6% |
| GOOGL Alphabet Inc. Class A | 0.29% | 7,259 | $2.6M | Add +17.9% |
| CAT Caterpillar Inc. | 0.28% | 2,335 | $2.5M | Add +3.5% |
| SPGM State Street SPDR Portfolio | 0.25% | 25,972 | $2.2M | Reduce -61.3% |
| VGT Vanguard Info Tech ETF | 0.22% | 16,492 | $2.0M | Add +3.1% |
| SCHG Schwab US Large-Cap Growth | 0.20% | 53,128 | $1.8M | Add +0.1% |
| LMT Lockheed Martin Corp. | 0.19% | 3,362 | $1.7M | No change |
| LLY Eli Lilly & Co. | 0.16% | 1,232 | $1.5M | Reduce -1.0% |
| RTX RTX Corp. | 0.15% | 7,339 | $1.4M | Add +1.1% |
| JPM JPMorgan Chase & Co. | 0.15% | 4,063 | $1.3M | Reduce -0.8% |
| TSLA Tesla Inc. | 0.14% | 3,077 | $1.3M | Add +10.7% |
| MU Micron Technology Inc. | 0.13% | 1,045 | $1.2M | Add +3.4% |
| CWI State Street SPDR MSCI Acwi | 0.13% | 29,657 | $1.2M | Add +0.1% |
| ITOT iShares Core S&P Total U.S. | 0.13% | 7,290 | $1.2M | Reduce -0.0% |
| HPE Hewlett Packard Enterprise | 0.13% | 26,328 | $1.2M | Add +0.1% |
| COST Costco Wholesale Corp. | 0.13% | 1,238 | $1.2M | Reduce -1.0% |
| MA Mastercard Inc. Class A | 0.13% | 2,249 | $1.2M | Reduce -2.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.12% | 2,216 | $1.1M | Add +2.3% |
| PG The Procter & Gamble Co. | 0.12% | 7,365 | $1.1M | Reduce -0.9% |
| UPS United Parcel Service Class B | 0.12% | 9,898 | $1.1M | Add +0.1% |
| XOM Exxon Mobil Corp. | 0.12% | 7,705 | $1.1M | Reduce -0.5% |
| LRCX Lam Research Corp. | 0.11% | 2,371 | $1.0M | Add +5.2% |
| SCHA Schwab US Small-Cap ETF | 0.11% | 28,106 | $1.0M | Reduce -0.9% |
| SCHW Schwab (charles) Corp. | 0.11% | 10,994 | $1.0M | Reduce -2.0% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | 0.11% | 1,006,000 | $1.0M | Add +5.5% |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | 0.11% | 1,038,000 | $1.0M | Add +4.4% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | 0.11% | 1,047,000 | $991K | Add +4.8% |
| FAST Fastenal Co. | 0.11% | 20,551 | $987K | Add +0.0% |
| MRK Merck & Co. Inc. | 0.11% | 7,599 | $978K | Add +0.5% |
| AMD Advanced Micro Devices | 0.11% | 1,679 | $975K | Add +20.3% |
| JNJ Johnson & Johnson | 0.10% | 3,667 | $931K | Add +4.1% |
| CEG Constellation Energy | 0.10% | 3,551 | $882K | Reduce -0.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.09% | 2,297 | $850K | Add +8.0% |
| SCHM Schwab US Mid Cap ETF | 0.09% | 23,044 | $850K | Add +0.3% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | 0.09% | 846,000 | $844K | Reduce -5.4% |
| ABBV Abbvie Inc. | 0.09% | 3,167 | $797K | Add +3.2% |
| V Visa Inc. Class A | 0.09% | 2,250 | $772K | Reduce -1.2% |
| CSX CSX Corp. | 0.08% | 15,980 | $760K | Add +0.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.08% | 4,985 | $755K | Reduce -0.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.08% | 1 | $749K | No change |
| HD Home Depot Inc. | 0.08% | 2,045 | $721K | Add +0.5% |
| URI United Rentals Inc. | 0.08% | 636 | $721K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.07% | 1,365 | $652K | Add +21.2% |
| CVX Chevron Corp. | 0.07% | 3,900 | $646K | Add +3.7% |
| VIS Vanguard Industrials ETF | 0.07% | 1,779 | $641K | Add +7.4% |
| MCD McDonald's Corp. | 0.07% | 2,369 | $640K | Reduce -4.9% |
| META Meta Platforms Inc. Class A | 0.07% | 1,091 | $615K | Add +12.4% |
| DOCU Docusign Inc. | 0.07% | 13,782 | $612K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.07% | 2,146 | $603K | Add +0.7% |
| BE Bloom Energy Corp. Class A | 0.07% | 1,952 | $591K | Reduce -25.1% |
| SNAP INC (SNAP 0 05/01/27) | 0.06% | 613,000 | $582K | Reduce -6.4% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.06% | 287 | $571K | Reduce -5.3% |
| MLCI Mount Logan Capital Inc. | 0.06% | 165,445 | $569K | Reduce -5.4% |
| REDFIN CORP (RDFN 0.5 04/01/27) | 0.06% | 564,000 | $548K | Reduce -4.7% |
| EXC Exelon Corp. | 0.06% | 11,598 | $541K | Add +0.3% |
| BANDWIDTH INC (BAND 0.5 04/01/28) | 0.06% | 573,000 | $535K | Reduce -6.4% |
| IWF iShares Russell 1000 Growth | 0.06% | 4,148 | $515K | No change |
| XLY SS Consumer Disc Select Sect | 0.06% | 4,259 | $499K | Add +5.5% |
| HEI.A Heico Corp. Class A | 0.06% | 1,923 | $496K | Reduce -2.1% |
| AVGO Broadcom Inc. | 0.06% | 1,308 | $494K | Add +5.5% |
| BNDX Vanguard Total Intl Bond ETF | 0.05% | 9,752 | $472K | Add +0.2% |
| UNH Unitedhealth Group Inc. | 0.05% | 1,135 | $472K | Add +3.8% |
| VHT Vanguard Health Care ETF | 0.05% | 1,552 | $464K | Add +23.2% |
| SCHZ Schwab US Aggregate Bond ETF | 0.05% | 18,718 | $433K | No change |
| MPWR Monolithic Power Systems Inc. | 0.05% | 313 | $433K | Reduce -10.6% |
| CSCO Cisco Systems Inc. | 0.05% | 3,604 | $423K | Add +6.9% |
| LIN Linde PLC | 0.05% | 796 | $413K | Add +0.4% |
| DHR Danaher Corp. | 0.04% | 2,116 | $403K | Reduce -7.6% |
| PEP Pepsico Inc. | 0.04% | 2,942 | $398K | Reduce -3.9% |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | 0.04% | 378,000 | $394K | No change |
Other holdings (8): bonds, preferreds, convertibles and warrants · $3K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 61 | $2K | No change |
| ASPSW Altisource Portfolio - 30 | *W EXP 04/30/203 | 1,550 | $620 | No change |
| ASPSZ Altisource Portfolio - 29C | *W EXP 04/02/202 | 1,550 | $434 | No change |
| OPENW Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 71 | $36 | No change |
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 71 | $21 | No change |
| OPENZ Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 71 | $18 | No change |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 2 | $6 | No change |
| DSX.WS Diana Shipping Inc.-28 | *W EXP 12/14/202 | 25 | $4 | No change |
Lines left out (1) · $8 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| BR Broadridge Financial Solutio | COM | 0 | $8 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $898.6M.
Portfolio Sells Q1 2026 → Q2 2026
| SPGM State Street SPDR Portfolio | Reduce -61.3% | 0.25% | −0.39 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -1.9% | 1.01% | −0.14 |
| XOM Exxon Mobil Corp. | Reduce -0.5% | 0.12% | −0.05 |
| MSFT Microsoft Corp. | Reduce -0.7% | 0.33% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -1.0% | 0.13% | −0.03 |
| CEG Constellation Energy | Reduce -0.0% | 0.10% | −0.03 |
| MCD McDonald's Corp. | Reduce -4.9% | 0.07% | −0.03 |
| T AT&T Inc. | Reduce -3.1% | 0.04% | −0.02 |
| SCHW Schwab (charles) Corp. | Reduce -2.0% | 0.11% | −0.02 |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | Reduce -5.4% | 0.09% | −0.02 |
| TJX TJX Companies Inc. | Reduce -0.0% | 0.08% | −0.02 |
| PEP Pepsico Inc. | Reduce -3.9% | 0.04% | −0.01 |
| MLCI Mount Logan Capital Inc. | Reduce -5.4% | 0.06% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -2.0% | 0.13% | −0.01 |
| NFLX Netflix Inc. | Reduce -3.3% | 0.02% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -0.9% | 0.12% | −0.01 |
| SNAP INC (SNAP 0 05/01/27) | Reduce -6.4% | 0.06% | −0.01 |
| ISRG Intuitive Surgical Inc. | Reduce -1.8% | 0.04% | −0.01 |
| PSIX Power Solutions Internationa | Sold out | 0.00% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -6.7% | 0.03% | −0.01 |
| VEEV Veeva Systems Inc. Class A | Reduce -53.7% | 0.01% | −0.01 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -37.5% | 0.02% | −0.01 |
| REDFIN CORP (RDFN 0.5 04/01/27) | Reduce -4.7% | 0.06% | −0.01 |
| NOW ServiceNow Inc. | Reduce -29.4% | 0.01% | −0.01 |
| TYL Tyler Technologies Inc. | Reduce -98.7% | 0.00% | −0.01 |
| DHR Danaher Corp. | Reduce -7.6% | 0.04% | −0.01 |
| UBER Uber Technologies Inc. | Reduce -9.8% | 0.04% | −0.01 |
| COR Cencora Inc. | Reduce -0.6% | 0.04% | −0.01 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.01 |
| MMM 3M Co. | Reduce -57.1% | 0.01% | −0.01 |
| BANDWIDTH INC (BAND 0.5 04/01/28) | Reduce -6.4% | 0.06% | −0.01 |
| MANH Manhattan Associates Inc. | Sold out | 0.00% | −0.01 |
| WMT Walmart Inc. | Reduce -8.4% | 0.02% | −0.01 |
| SHW The Sherwin-Williams Co. | Reduce -36.6% | 0.01% | −0.01 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -34.7% | 0.02% | −0.01 |
| TECH Bio-Techne Corp. | Sold out | 0.00% | −0.01 |
| ESLT Elbit Systems Ltd. | Reduce -85.0% | 0.00% | −0.01 |
| MRSH Marsh & McLennan Cos | Reduce -0.6% | 0.04% | −0.01 |
| CBRE CBRE Group Inc. Class A | Reduce -8.4% | 0.03% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -70.3% | 0.00% | −0.01 |
| CNK Cinemark Holdings Inc. | Reduce -98.9% | 0.00% | −0.01 |
| WCN Waste Connections Inc. | Reduce -14.1% | 0.02% | −0.01 |
| KNSL Kinsale Capital Group Inc. | Reduce -45.0% | 0.01% | −0.01 |
| CSGP Costar Group Inc. | Reduce -49.4% | 0.00% | −0.01 |
| DIVO Amplify CWP Enhan Divid ETF | Sold out | 0.00% | −0.01 |
| IDCC Interdigital Inc. | Sold out | 0.00% | −0.00 |
| PCOR Procore Technologies Inc. | Reduce -12.6% | 0.01% | −0.00 |
| AS Amer Sports Inc. | Reduce -98.6% | 0.00% | −0.00 |
| AEM Agnico Eagle Mines Ltd. | Reduce -3.5% | 0.01% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -2.2% | 0.02% | −0.00 |
Portfolio Buys Q1 2026 → Q2 2026
| SCHX Schwab US Large-Cap ETF | Add +1.4% | 17.25% | +0.66 |
| DUHP Dimensional US High Profi Et | Add +3.5% | 9.80% | +0.46 |
| DFAS Dimensional US Small Cap ETF | Add +2.5% | 3.97% | +0.22 |
| SCHF Schwab Intl Equity ETF | Add +3.7% | 5.93% | +0.21 |
| MFUS PIMCO Rafi Dynamic Multi-Fac | Add +4.8% | 2.06% | +0.15 |
| FNDB Schwab Fndmntl US BRD Mr ETF | Add +3.7% | 3.66% | +0.13 |
| TCAF T Rowe PRC Cap Appreciation | Add +2.8% | 2.09% | +0.12 |
| MU Micron Technology Inc. | Add +3.4% | 0.13% | +0.09 |
| CAT Caterpillar Inc. | Add +3.5% | 0.28% | +0.08 |
| AMD Advanced Micro Devices | Add +20.3% | 0.11% | +0.07 |
| GOOGL Alphabet Inc. Class A | Add +17.9% | 0.29% | +0.07 |
| LRCX Lam Research Corp. | Add +5.2% | 0.11% | +0.05 |
| HPE Hewlett Packard Enterprise | Add +0.1% | 0.13% | +0.05 |
| NVDA Nvidia Corp. | Add +5.5% | 0.64% | +0.05 |
| VGT Vanguard Info Tech ETF | Add +3.1% | 0.22% | +0.05 |
| SCHB Schwab US Broad Market ETF | Add +7.0% | 0.37% | +0.03 |
| VT Vanguard Tot World STK ETF | New | 0.03% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +21.2% | 0.07% | +0.03 |
| DDOG Datadog Inc. Class A | Add +342.1% | 0.03% | +0.02 |
| DFAT Dimensional US Target Value | Add +6.5% | 0.34% | +0.02 |
| UNH Unitedhealth Group Inc. | Add +3.8% | 0.05% | +0.02 |
| TSLA Tesla Inc. | Add +10.7% | 0.14% | +0.02 |
| CSCO Cisco Systems Inc. | Add +6.9% | 0.05% | +0.01 |
| PANW Palo Alto Networks Inc. | Add +6.7% | 0.03% | +0.01 |
| MRVL Marvell Technology Inc. | Add +27.6% | 0.02% | +0.01 |
| AMAT Applied Materials Inc. | Add +4.1% | 0.03% | +0.01 |
| EFA iShares MSCI Eafe ETF | New | 0.01% | +0.01 |
| VPL Vanguard Ftse Pacific ETF | Add +31.0% | 0.04% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +8.0% | 0.09% | +0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +3.4% | 0.02% | +0.01 |
| BA The Boeing Co. | Add +86.8% | 0.02% | +0.01 |
| IDV iShares International Select | New | 0.01% | +0.01 |
| VHT Vanguard Health Care ETF | Add +23.2% | 0.05% | +0.01 |
| IAG Iamgold Corp. | New | 0.01% | +0.01 |
| WTAI Wisdomtree AI and Innovation | Add +214.1% | 0.01% | +0.01 |
| AMZN Amazon.com Inc. | Add +0.6% | 0.30% | +0.01 |
| SIMO Silicon Motion Technol-ADR | Add +137.4% | 0.01% | +0.01 |
| VGK Vanguard Ftse Europe ETF | Add +35.1% | 0.03% | +0.01 |
| TSPA T Rowe Price US Eqy Research | New | 0.01% | +0.01 |
| SCHG Schwab US Large-Cap Growth | Add +0.1% | 0.20% | +0.01 |
| AVGO Broadcom Inc. | Add +5.5% | 0.06% | +0.01 |
| RPG Invesco S&P 500 Pure Growth | Add +0.0% | 0.04% | +0.01 |
| VIS Vanguard Industrials ETF | Add +7.4% | 0.07% | +0.01 |
| GEV GE Vernova Inc. | Add +0.3% | 0.04% | +0.01 |
| GE General Electric | Add +0.5% | 0.04% | +0.01 |
| SCHM Schwab US Mid Cap ETF | Add +0.3% | 0.09% | +0.01 |
| ABBV Abbvie Inc. | Add +3.2% | 0.09% | +0.01 |
| MDLN Medline Inc. Class A | New | 0.01% | +0.01 |
| DEM Wisdomtree Emerging Markets | New | 0.01% | +0.01 |
| GLW Corning Inc. | Add +3.0% | 0.01% | +0.01 |
Notes & Other Activity Q1 2026 → Q2 2026
| BR Broadridge Financial Solutio | COM | New | 0 | $8 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,440 | $898.5M | SCHX, DUHP, MFDX, SCHF, DIHP |
| Q1 2026 | 1,394 | $802.6M | SCHX, DUHP, MFDX, SCHF, DIHP |
| Q4 2025 | 1,330 | $731.4M | SCHX, DUHP, MFDX, SCHF, DIHP |
| Q3 2025 | 1,148 | $708.2M | SCHX, DUHP, MFDX, SCHF, DIHP |
| Q2 2025 | 37 | $506.5M | SCHX, DUHP, MFDX, SCHF, FNDB |
| Q1 2025 | 26 | $396.2M | SCHX, MFDX, FNDB, SCHF, DUHP |
| Q4 2024 | 31 | $377.1M | SCHX, SCHF, FNDB, MFDX, DUHP |
| Q3 2024 | 34 | $376.5M | SCHX, SCHF, FNDB, MFDX, DUHP |
| Q2 2024 | 35 | $341.2M | SCHX, SCHF, FNDB, DUHP, MFDX |
| Q1 2024 | 40 | $338.4M | SCHX, SCHF, FNDB, DUHP, MFDX |