Fund Evaluation Group, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 7, 2026), Fund Evaluation Group, LLC reported 80 stock positions worth $3.7 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 29.5% of the portfolio, followed by Schwab US Large-Cap Growth (SCHG, 13.4%) and iShares US Treasury Bond ETF (GOVT, 11.3%). Compared with Q1 2026, it opened 10 new positions, sold out of 3, added to 29 and reduced 19. The biggest buy was Schwab US Large-Cap Growth (SCHG, shares +37%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −14%).

Most Recent 13F
Q2 2026
Location
CINCINNATI, OH
CIK
0001356249
Portfolio Value
$3.7B (Q2 2026)
SEC Filing
0001420506-26-001466 ↗ filed Aug 7, 2026

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $1.6B Q1 2024 Q2 2024: $1.6B Q2 2024 Q3 2024: $1.8B Q3 2024 Q4 2024: $2.1B Q4 2024 Q1 2025: $2.3B Q1 2025 Q2 2025: $2.6B Q2 2025 Q3 2025: $2.8B Q3 2025 Q4 2025: $3.0B Q4 2025 Q1 2026: $3.3B Q1 2026 Q2 2026: $3.7B $3.7B Q2 2026

Holdings 80 stocks · $3.7B
IVV iShares Core S&P 500 ETF 29.46% 1,456,901 $1.1B Reduce -14.4%
SCHG Schwab US Large-Cap Growth 13.38% 14,648,669 $495.7M Add +37.1%
GOVT iShares US Treasury Bond ETF 11.33% 18,424,626 $419.7M Add +2.4%
SCHX Schwab US Large-Cap ETF 6.68% 8,405,541 $247.4M Reduce -9.4%
IXUS iShares Core Intl Stock ETF 5.50% 2,134,934 $203.8M Reduce -8.4%
VOO Vanguard S&P 500 ETF 4.92% 265,157 $182.1M Add +26.1%
SCHF Schwab Intl Equity ETF 3.60% 4,807,713 $133.2M Reduce -13.1%
VTI VG Morningstar TS MKT ETF-US 2.96% 296,485 $109.7M Add +0.1%
BSV Vanguard Short-Term Bond ETF 2.49% 1,184,318 $92.3M Add +26988.7%
CATH Global X S&P 500 Ca Val ETF 2.33% 976,483 $86.4M Add +32.2%
AGG iShares Core U.S. Aggregate 1.28% 477,654 $47.3M Add +45.5%
VOTE TCW Transform 500 ETF 1.22% 512,574 $45.2M Add +18.6%
SCHE Schwab Emrg Mrkts Eqty ETF 1.13% 1,153,361 $41.8M Reduce -5.8%
SHV iShares 0-1 Year Treasury Bo 0.84% 281,843 $31.1M Add +1.5%
MLPX Global X MLP & Energy Infras 0.81% 406,672 $30.0M New
VB Vanguard Most SM-Cap ETF-Usd 0.72% 87,872 $26.6M Add +198.6%
RSP Invesco S&P 500 Equal Weight 0.69% 119,857 $25.5M No change
IGLB iShares 10+ Year Inv GR Corp. 0.69% 508,806 $25.5M Add +71.3%
VTHR Vanguard Russell 3000 0.68% 75,890 $25.2M Reduce -12.9%
TLT iShares 20+ Year Treasury BD 0.62% 265,309 $22.9M Add +65.3%
IWD iShares Russell 1000 Value E 0.62% 94,280 $22.9M Add +0.5%
SPSM SS SPDR P S&P 600 Small Cap 0.58% 374,838 $21.6M Reduce -13.1%
SCHP Schwab U.S. Tips ETF 0.54% 748,000 $19.8M No change
SCHO Schwab Short-Term US Treas 0.50% 772,924 $18.7M No change
IWV iShares Russell 3000 ETF 0.49% 42,134 $18.0M Reduce -0.9%
VEA Vanguard Ftse Developed ETF 0.43% 222,587 $15.9M Reduce -0.2%
SDY SS SPDR S&P Dividend ETF 0.37% 89,489 $13.6M No change
IWO iShares Russell 2000 Growth 0.36% 33,679 $13.3M Reduce -4.2%
IEFA iShares Core MSCI Eafe ETF 0.36% 137,356 $13.3M Add +5372.4%
ESGD iShares Trust iShares ESG Aw 0.32% 116,875 $12.0M Add +3.0%
SCHC Schwab Intl Small-Cap Equity 0.32% 246,963 $11.9M Reduce -3.8%
DFUS Dimensional US Eq MKT ETF 0.31% 140,789 $11.5M No change
BIV Vanguard Intermediate-Term B 0.30% 144,624 $11.1M Add +7.8%
SUSA iShares ESG Optimized MSCI U 0.30% 70,915 $10.9M Add +1.4%
VONV Vanguard Russell 1000 Value 0.28% 96,000 $10.2M No change
IEMG iShares Core MSCI Emerging 0.27% 120,092 $9.9M New
BND Vanguard Total Bond Market 0.23% 114,146 $8.4M Add +0.0%
EFA iShares MSCI Eafe ETF 0.17% 60,266 $6.2M Reduce -14.1%
STIP iShares 0-5 Year Tips Bond E 0.15% 53,006 $5.4M Add +18.6%
BNDX Vanguard Total Intl Bond ETF 0.15% 111,718 $5.4M New
VSGX Vanguard ESG Intl Stock ETF 0.14% 61,277 $5.0M Add +1.6%
DBC Invesco DB Commodity Index T 0.13% 185,314 $4.9M No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.12% 57,108 $4.6M No change
IWR iShares Russell Mid-Cap ETF 0.11% 35,293 $3.9M No change
EAGL Eagle Capital Select Eqty 0.10% 112,990 $3.6M No change
IWF iShares Russell 1000 Growth 0.09% 26,616 $3.3M Add +53.5%
DFIV Dimensional International Va 0.08% 58,191 $3.1M Reduce -1.1%
ACWI iShares MSCI Acwi ETF 0.07% 16,987 $2.7M Reduce -2.3%
VNQ Vanguard Real Estate ETF 0.07% 26,637 $2.6M Add +79.2%
ACWX iShares MSCI Acwi Ex US ETF 0.07% 33,316 $2.5M Reduce -1.2%
TIP iShares Tips Bond ETF 0.06% 21,902 $2.4M Add +156.0%
GMOV GMO U.S. Value ETF 0.06% 80,000 $2.4M No change
VGSH Vanguard Short-Term Treasury 0.05% 33,182 $1.9M Add +18.4%
IWP iShares Russell Mid-Cap Grow 0.05% 13,074 $1.9M Add +1.7%
VONG Vanguard Russell 1000 Growth 0.04% 12,224 $1.6M No change
AVLV Avantis US Large Cap Value 0.04% 15,700 $1.4M No change
EEM iShares MSCI Emerging Market 0.03% 13,870 $949K Add +46.5%
SCHH Schwab US REIT ETF 0.03% 39,129 $927K Reduce -2.3%
IGF iShares Global Infrastructur 0.02% 13,621 $907K New
VGLT Vanguard Long-Term Treasury 0.02% 15,835 $874K No change
RWR SS SPDR Dow Jones REIT ETF 0.02% 7,570 $855K New
ESGE iShares Inc. iShares ESG Awar 0.02% 15,605 $853K No change
NBIS Nebius Group NV 0.02% 2,771 $765K New
ICF iShares Select U.S. REIT ETF 0.02% 11,127 $753K No change
VIOO Vanguard S&P Small-Cap 600 E 0.02% 4,984 $686K Add +55.0%
GUNR NT Mstar GLBL NR ETF 0.02% 12,948 $638K New
FNDX Schwab Fndmntl US LRG Co. ETF 0.02% 20,286 $631K No change
PRF Invesco Rafi US 1000 ETF 0.02% 10,697 $578K Reduce -11.8%
BRK.B Berkshire Hathaway Inc. Class B 0.01% 1,015 $508K New
IJR iShares Core S&P Small-Cap E 0.01% 3,306 $490K Reduce -0.7%
VIOG Vanguard S&P SM Cap 600 GRW 0.01% 3,155 $484K Add +41.5%
GLD SPDR Gold Shares 0.01% 1,160 $427K New
GDX Vaneck Gold Miners ETF 0.01% 5,365 $405K New
QUAL iShares MSCI USA Quality Fac 0.01% 1,661 $364K No change
NVDA Nvidia Corp. 0.01% 1,484 $297K Add +9.5%
BIBL Inspire 100 ETF 0.01% 4,641 $269K No change
AAPL Apple Inc. 0.01% 694 $201K Reduce -57.5%
VGSR Vert GLB Sust Re ETF filed as MANAGER DIRECTED PORTFOLIOS 0.00% 14,204 $162K No change
FBLG Fibrobiologics Inc. 0.00% 51,794 $49K No change
ELUT Elutia Inc. 0.00% 12,612 $12K No change

Portfolio Sells Q1 2026 → Q2 2026
IVV iShares Core S&P 500 ETF Reduce -14.4% 29.46% −4.69
VTIP Vanguard Short-Term Tips Sold out 0.00% −2.28
IXUS iShares Core Intl Stock ETF Reduce -8.4% 5.50% −0.70
SCHX Schwab US Large-Cap ETF Reduce -9.4% 6.68% −0.63
SCHF Schwab Intl Equity ETF Reduce -13.1% 3.60% −0.61
USRT iShares Core US REIT ETF Sold out 0.00% −0.11
SCHE Schwab Emrg Mrkts Eqty ETF Reduce -5.8% 1.13% −0.11
VTHR Vanguard Russell 3000 Reduce -12.9% 0.68% −0.09
SPGM State Street SPDR Portfolio Sold out 0.00% −0.06
SPSM SS SPDR P S&P 600 Small Cap Reduce -13.1% 0.58% −0.06
SCHC Schwab Intl Small-Cap Equity Reduce -3.8% 0.32% −0.05
EFA iShares MSCI Eafe ETF Reduce -14.1% 0.17% −0.04
VEA Vanguard Ftse Developed ETF Reduce -0.2% 0.43% −0.01
DFIV Dimensional International Va Reduce -1.1% 0.08% −0.01
AAPL Apple Inc. Reduce -57.5% 0.01% −0.01
ACWX iShares MSCI Acwi Ex US ETF Reduce -1.2% 0.07% −0.00
PRF Invesco Rafi US 1000 ETF Reduce -11.8% 0.02% −0.00
ACWI iShares MSCI Acwi ETF Reduce -2.3% 0.07% −0.00
SCHH Schwab US REIT ETF Reduce -2.3% 0.03% −0.00
IJR iShares Core S&P Small-Cap E Reduce -0.7% 0.01% +0.00
IWV iShares Russell 3000 ETF Reduce -0.9% 0.49% +0.00
IWO iShares Russell 2000 Growth Reduce -4.2% 0.36% +0.02

Portfolio Buys Q1 2026 → Q2 2026
SCHG Schwab US Large-Cap Growth Add +37.1% 13.38% +3.83
BSV Vanguard Short-Term Bond ETF Add +26988.7% 2.49% +2.48
VOO Vanguard S&P 500 ETF Add +26.1% 4.92% +1.06
MLPX Global X MLP & Energy Infras New 0.81% +0.81
CATH Global X S&P 500 Ca Val ETF Add +32.2% 2.33% +0.56
VB Vanguard Most SM-Cap ETF-Usd Add +198.6% 0.72% +0.48
IEFA iShares Core MSCI Eafe ETF Add +5372.4% 0.36% +0.35
AGG iShares Core U.S. Aggregate Add +45.5% 1.28% +0.28
IEMG iShares Core MSCI Emerging New 0.27% +0.27
IGLB iShares 10+ Year Inv GR Corp. Add +71.3% 0.69% +0.23
VOTE TCW Transform 500 ETF Add +18.6% 1.22% +0.21
TLT iShares 20+ Year Treasury BD Add +65.3% 0.62% +0.19
BNDX Vanguard Total Intl Bond ETF New 0.15% +0.15
VTI VG Morningstar TS MKT ETF-US Add +0.1% 2.96% +0.04
TIP iShares Tips Bond ETF Add +156.0% 0.06% +0.04
IWF iShares Russell 1000 Growth Add +53.5% 0.09% +0.03
VNQ Vanguard Real Estate ETF Add +79.2% 0.07% +0.03
IGF iShares Global Infrastructur New 0.02% +0.02
RWR SS SPDR Dow Jones REIT ETF New 0.02% +0.02
NBIS Nebius Group NV New 0.02% +0.02
GUNR NT Mstar GLBL NR ETF New 0.02% +0.02
BRK.B Berkshire Hathaway Inc. Class B New 0.01% +0.01
SUSA iShares ESG Optimized MSCI U Add +1.4% 0.30% +0.01
GLD SPDR Gold Shares New 0.01% +0.01
GDX Vaneck Gold Miners ETF New 0.01% +0.01
EEM iShares MSCI Emerging Market Add +46.5% 0.03% +0.01
VIOO Vanguard S&P Small-Cap 600 E Add +55.0% 0.02% +0.01
VIOG Vanguard S&P SM Cap 600 GRW Add +41.5% 0.01% +0.00
STIP iShares 0-5 Year Tips Bond E Add +18.6% 0.15% +0.00
VSGX Vanguard ESG Intl Stock ETF Add +1.6% 0.14% +0.00
VGSH Vanguard Short-Term Treasury Add +18.4% 0.05% +0.00
IWD iShares Russell 1000 Value E Add +0.5% 0.62% +0.00
IWP iShares Russell Mid-Cap Grow Add +1.7% 0.05% +0.00
NVDA Nvidia Corp. Add +9.5% 0.01% +0.00
ESGD iShares Trust iShares ESG Aw Add +3.0% 0.32% −0.01
BIV Vanguard Intermediate-Term B Add +7.8% 0.30% −0.02
BND Vanguard Total Bond Market Add +0.0% 0.23% −0.03
SHV iShares 0-1 Year Treasury Bo Add +1.5% 0.84% −0.10
GOVT iShares US Treasury Bond ETF Add +2.4% 11.33% −1.34

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 80$3.7BIVV, SCHG, GOVT, SCHX, IXUS
Q1 2026 73$3.3BIVV, GOVT, SCHG, SCHX, IXUS
Q4 2025 62$3.0BIVV, GOVT, SCHG, SCHX, IXUS
Q3 2025 75$2.8BIVV, GOVT, SCHG, SCHX, IXUS
Q2 2025 79$2.6BIVV, GOVT, SCHG, SCHX, IXUS
Q1 2025 48$2.3BIVV, GOVT, SCHG, SCHX, IXUS
Q4 2024 38$2.1BIVV, GOVT, SCHG, SPSM, IXUS
Q3 2024 33$1.8BIVV, SCHG, GOVT, SCHF, SCHX
Q2 2024Amended 31$1.6BIVV, SCHG, GOVT, SCHF, SCHX
Q1 2024 38$1.6BIVV, SCHG, GOVT, SCHF, SCHX