Financial Consulate, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 25, 2025), Financial Consulate, Inc. reported 26 stock positions worth $396.2 million. Its top holding was Schwab US Large-Cap ETF (SCHX) at 23.0% of the portfolio, followed by PIMCO Rafi Dynamic Multi-Fac (MFDX, 14.9%) and Schwab Fndmntl US BRD Mr ETF (FNDB, 9.5%). Compared with Q4 2024, it opened 5 new positions, sold out of 10, added to 13 and reduced 8. The biggest buy was PIMCO Rafi Dynamic Multi-Fac (MFDX, shares +55%) and the biggest sale Schwab Intl Equity ETF (SCHF, shares −31%).
- Most Recent 13F
- Q2 2026
- Location
- HUNT VALLEY, MD
- CIK
- 0001624510
- Portfolio Value
- $396.2M (Q1 2025)
- SEC Filing
- 0001624510-25-000005 ↗ filed Apr 25, 2025
Holdings Value
Holdings 26 stocks · $396.2M
| SCHX Schwab US Large-Cap ETF | 22.95% | 4,117,925 | $90.9M | Add +9.6% |
| MFDX PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER | 14.94% | 1,851,765 | $59.2M | Add +54.7% |
| FNDB Schwab Fndmntl US BRD Mr ETF | 9.51% | 1,637,012 | $37.7M | Reduce -0.3% |
| SCHF Schwab Intl Equity ETF | 9.31% | 1,865,446 | $36.9M | Reduce -31.2% |
| DUHP Dimensional US High Profi Et | 7.48% | 894,617 | $29.6M | Reduce -11.5% |
| VTIP Vanguard Short-Term Tips | 5.65% | 448,168 | $22.4M | Add +3.0% |
| SCHD Schwab US DVD Equity ETF | 5.50% | 779,049 | $21.8M | Add +0.3% |
| DFAS Dimensional US Small Cap ETF | 5.35% | 354,649 | $21.2M | New |
| FLQM Franklin U.S. Mid Cap Multif | 4.45% | 332,863 | $17.6M | Add +4.5% |
| TCAF T Rowe PRC Cap Appreciation | 4.24% | 520,293 | $16.8M | Reduce -0.8% |
| GMF State Street SPDR S&P Emergi | 2.54% | 87,042 | $10.1M | Add +4.0% |
| DFAT Dimensional US Target Value | 1.77% | 135,835 | $7.0M | New |
| PULS Pgim Ultra Short Bond ETF | 1.47% | 117,424 | $5.8M | Reduce -0.2% |
| VOO Vanguard S&P 500 ETF | 0.77% | 5,912 | $3.0M | Add +2.7% |
| SCHB Schwab US Broad Market ETF | 0.66% | 121,895 | $2.6M | Add +0.3% |
| SPGM State Street SPDR Portfolio | 0.62% | 39,417 | $2.5M | Add +1.8% |
| IVV iShares Core S&P 500 ETF | 0.57% | 4,004 | $2.2M | Reduce -8.8% |
| SCHR Schwab Intermediate-Term US | 0.56% | 89,567 | $2.2M | Reduce -3.5% |
| TURN 180 Degree Capital Corp. | 0.38% | 374,790 | $1.5M | New |
| SCHG Schwab US Large-Cap Growth | 0.37% | 58,188 | $1.5M | Add +2.2% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | 0.20% | 864,000 | $806K | New |
| VTI VG Morningstar TS MKT ETF-US | 0.16% | 2,295 | $631K | New |
| AGG iShares Core U.S. Aggregate | 0.15% | 6,023 | $596K | Reduce -40.2% |
| SCHM Schwab US Mid Cap ETF | 0.14% | 21,383 | $560K | Add +0.1% |
| BNDX Vanguard Total Intl Bond ETF | 0.13% | 10,526 | $514K | Add +4.8% |
| SCHZ Schwab US Aggregate Bond ETF | 0.13% | 21,462 | $497K | Add +9.2% |
Portfolio Sells Q4 2024 → Q1 2025
| SCHF Schwab Intl Equity ETF | Reduce -31.2% | 9.31% | −3.98 |
| SLYG SS SPDR S&P 600 SC GR ETF | Sold out | 0.00% | −2.50 |
| DUHP Dimensional US High Profi Et | Reduce -11.5% | 7.48% | −1.58 |
| SCHC Schwab Intl Small-Cap Equity | Sold out | 0.00% | −1.51 |
| FNDB Schwab Fndmntl US BRD Mr ETF | Reduce -0.3% | 9.51% | −0.62 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.46 |
| TCAF T Rowe PRC Cap Appreciation | Reduce -0.8% | 4.24% | −0.39 |
| VGT Vanguard Info Tech ETF | Sold out | 0.00% | −0.33 |
| ITOT iShares Core S&P Total U.S. | Sold out | 0.00% | −0.30 |
| CWI State Street SPDR MSCI Acwi | Sold out | 0.00% | −0.28 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Sold out | 0.00% | −0.18 |
| IJT iShares S&P Small-Cap 600 GR | Sold out | 0.00% | −0.16 |
| IWF iShares Russell 1000 Growth | Sold out | 0.00% | −0.12 |
| IVV iShares Core S&P 500 ETF | Reduce -8.8% | 0.57% | −0.12 |
| VIS Vanguard Industrials ETF | Sold out | 0.00% | −0.11 |
| AGG iShares Core U.S. Aggregate | Reduce -40.2% | 0.15% | −0.11 |
| PULS Pgim Ultra Short Bond ETF | Reduce -0.2% | 1.47% | −0.07 |
| SCHR Schwab Intermediate-Term US | Reduce -3.5% | 0.56% | −0.04 |
Portfolio Buys Q4 2024 → Q1 2025
| MFDX PIMCO Rafi Dynamic Multi-Fac | Add +54.7% | 14.94% | +5.57 |
| DFAS Dimensional US Small Cap ETF | New | 5.35% | +5.35 |
| DFAT Dimensional US Target Value | New | 1.77% | +1.77 |
| TURN 180 Degree Capital Corp. | New | 0.38% | +0.38 |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | New | 0.20% | +0.20 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.16% | +0.16 |
| VTIP Vanguard Short-Term Tips | Add +3.0% | 5.65% | +0.06 |
| SCHZ Schwab US Aggregate Bond ETF | Add +9.2% | 0.13% | +0.01 |
| BNDX Vanguard Total Intl Bond ETF | Add +4.8% | 0.13% | −0.00 |
| SCHM Schwab US Mid Cap ETF | Add +0.1% | 0.14% | −0.02 |
| GMF State Street SPDR S&P Emergi | Add +4.0% | 2.54% | −0.02 |
| SPGM State Street SPDR Portfolio | Add +1.8% | 0.62% | −0.03 |
| SCHG Schwab US Large-Cap Growth | Add +2.2% | 0.37% | −0.05 |
| VOO Vanguard S&P 500 ETF | Add +2.7% | 0.77% | −0.06 |
| SCHB Schwab US Broad Market ETF | Add +0.3% | 0.66% | −0.07 |
| SCHD Schwab US DVD Equity ETF | Add +0.3% | 5.50% | −0.13 |
| FLQM Franklin U.S. Mid Cap Multif | Add +4.5% | 4.45% | −0.13 |
| SCHX Schwab US Large-Cap ETF | Add +9.6% | 22.95% | −0.15 |
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 |