Fund Evaluation Group, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 29, 2025), Fund Evaluation Group, LLC reported 48 stock positions worth $2.3 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 41.6% of the portfolio, followed by iShares US Treasury Bond ETF (GOVT, 12.2%) and Schwab US Large-Cap Growth (SCHG, 11.0%). Compared with Q4 2024, it opened 10 new positions, added to 20 and reduced 11. The biggest buy was a new position in Vanguard S&P 500 ETF (VOO) and the biggest sale SS SPDR P S&P 600 Small Cap (SPSM, shares −78%).
- Most Recent 13F
- Q2 2026
- Location
- CINCINNATI, OH
- CIK
- 0001356249
- Portfolio Value
- $2.3B (Q1 2025)
- SEC Filing
- 0001420506-25-000826 ↗ filed Apr 29, 2025
Holdings Value
Holdings 48 stocks · $2.3B
| IVV iShares Core S&P 500 ETF | 41.58% | 1,711,523 | $961.7M | Add +9.5% |
| GOVT iShares US Treasury Bond ETF | 12.21% | 12,281,152 | $282.3M | Reduce -7.3% |
| SCHG Schwab US Large-Cap Growth | 11.01% | 10,171,352 | $254.7M | Reduce -6.6% |
| SCHX Schwab US Large-Cap ETF | 7.60% | 7,955,519 | $175.7M | Add +89.4% |
| IXUS iShares Core Intl Stock ETF | 5.19% | 1,720,828 | $120.1M | Add +13.2% |
| VOO Vanguard S&P 500 ETF | 4.25% | 191,119 | $98.2M | New |
| SCHF Schwab Intl Equity ETF | 3.43% | 4,013,865 | $79.4M | Add +76.6% |
| CATH Global X S&P 500 Ca Val ETF | 1.42% | 486,370 | $32.8M | Add +30.3% |
| SHV iShares 0-1 Year Treasury Bo | 1.19% | 250,128 | $27.6M | Reduce -16.6% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 1.11% | 931,410 | $25.7M | Add +86.3% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.98% | 556,695 | $22.7M | Reduce -78.3% |
| AGG iShares Core U.S. Aggregate | 0.90% | 211,140 | $20.9M | Add +199.2% |
| SCHP Schwab U.S. Tips ETF | 0.87% | 748,000 | $20.1M | No change |
| SCHO Schwab Short-Term US Treas | 0.81% | 772,924 | $18.8M | No change |
| SUSA iShares ESG Optimized MSCI U | 0.64% | 128,645 | $14.8M | Reduce -9.8% |
| IWR iShares Russell Mid-Cap ETF | 0.56% | 151,268 | $12.9M | Add +25.4% |
| IWV iShares Russell 3000 ETF | 0.51% | 37,186 | $11.8M | Add +0.0% |
| ESGD iShares Trust iShares ESG Aw | 0.51% | 143,349 | $11.7M | Add +9.7% |
| TLT iShares 20+ Year Treasury BD | 0.49% | 124,022 | $11.3M | Reduce -0.9% |
| IGLB iShares 10+ Year Inv GR Corp. | 0.44% | 202,218 | $10.2M | No change |
| NULV Nuveen ESG Large-Cap Val ETF | 0.38% | 217,969 | $8.8M | Add +0.6% |
| IWM iShares Russell 2000 ETF | 0.38% | 43,836 | $8.7M | Reduce -0.1% |
| IWO iShares Russell 2000 Growth | 0.36% | 32,658 | $8.3M | New |
| DFUS Dimensional US Eq MKT ETF | 0.36% | 137,233 | $8.3M | Add +0.7% |
| EFV iShares MSCI Eafe Value ETF | 0.33% | 129,215 | $7.6M | New |
| EFA iShares MSCI Eafe ETF | 0.33% | 92,640 | $7.6M | Reduce -6.1% |
| DBC Invesco DB Commodity Index T | 0.24% | 250,691 | $5.6M | Reduce -11.9% |
| SCHC Schwab Intl Small-Cap Equity | 0.24% | 155,380 | $5.6M | Add +93.9% |
| CEFA Global X S&P Cath Val Devel | 0.21% | 143,029 | $4.8M | No change |
| USRT iShares Core US REIT ETF | 0.20% | 81,332 | $4.7M | Reduce -7.9% |
| IWD iShares Russell 1000 Value E | 0.19% | 22,985 | $4.3M | New |
| IVE iShares S&P 500 Value ETF | 0.18% | 21,896 | $4.2M | New |
| VSGX Vanguard ESG Intl Stock ETF | 0.15% | 58,460 | $3.4M | New |
| DFIV Dimensional International Va | 0.13% | 76,525 | $3.0M | Add +0.0% |
| ACWI iShares MSCI Acwi ETF | 0.09% | 18,212 | $2.1M | Reduce -1.1% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.09% | 37,762 | $2.1M | Add +1.7% |
| VIOO Vanguard S&P Small-Cap 600 E | 0.09% | 21,650 | $2.1M | No change |
| VNQ Vanguard Real Estate ETF | 0.06% | 16,493 | $1.5M | Add +1.3% |
| VONG Vanguard Russell 1000 Growth | 0.06% | 14,570 | $1.4M | New |
| TIP iShares Tips Bond ETF | 0.03% | 6,827 | $758K | Add +22.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.03% | 2,543 | $699K | Add +10.4% |
| BND Vanguard Total Bond Market | 0.03% | 9,215 | $677K | Add +40.1% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.03% | 5,300 | $635K | New |
| VEA Vanguard Ftse Developed ETF | 0.02% | 10,895 | $554K | New |
| EFG iShares MSCI Eafe Growth ETF | 0.02% | 5,385 | $539K | No change |
| PRF Invesco Rafi US 1000 ETF | 0.02% | 12,602 | $509K | New |
| BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS | 0.02% | 20,786 | $446K | No change |
| IJR iShares Core S&P Small-Cap E | 0.01% | 3,007 | $314K | Add +0.3% |
Portfolio Sells Q4 2024 → Q1 2025
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -78.3% | 0.98% | −4.42 |
| SCHG Schwab US Large-Cap Growth | Reduce -6.6% | 11.01% | −3.18 |
| GOVT iShares US Treasury Bond ETF | Reduce -7.3% | 12.21% | −2.03 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -16.6% | 1.19% | −0.35 |
| SUSA iShares ESG Optimized MSCI U | Reduce -9.8% | 0.64% | −0.17 |
| IWM iShares Russell 2000 ETF | Reduce -0.1% | 0.38% | −0.08 |
| DBC Invesco DB Commodity Index T | Reduce -11.9% | 0.24% | −0.04 |
| USRT iShares Core US REIT ETF | Reduce -7.9% | 0.20% | −0.03 |
| TLT iShares 20+ Year Treasury BD | Reduce -0.9% | 0.49% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -6.1% | 0.33% | −0.02 |
| ACWI iShares MSCI Acwi ETF | Reduce -1.1% | 0.09% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| VOO Vanguard S&P 500 ETF | New | 4.25% | +4.25 |
| SCHX Schwab US Large-Cap ETF | Add +89.4% | 7.60% | +3.04 |
| SCHF Schwab Intl Equity ETF | Add +76.6% | 3.43% | +1.47 |
| AGG iShares Core U.S. Aggregate | Add +199.2% | 0.90% | +0.58 |
| IXUS iShares Core Intl Stock ETF | Add +13.2% | 5.19% | +0.49 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +86.3% | 1.11% | +0.49 |
| IWO iShares Russell 2000 Growth | New | 0.36% | +0.36 |
| EFV iShares MSCI Eafe Value ETF | New | 0.33% | +0.33 |
| IWD iShares Russell 1000 Value E | New | 0.19% | +0.19 |
| CATH Global X S&P 500 Ca Val ETF | Add +30.3% | 1.42% | +0.18 |
| IVE iShares S&P 500 Value ETF | New | 0.18% | +0.18 |
| VSGX Vanguard ESG Intl Stock ETF | New | 0.15% | +0.15 |
| SCHC Schwab Intl Small-Cap Equity | Add +93.9% | 0.24% | +0.11 |
| VONG Vanguard Russell 1000 Growth | New | 0.06% | +0.06 |
| IWR iShares Russell Mid-Cap ETF | Add +25.4% | 0.56% | +0.06 |
| ESGD iShares Trust iShares ESG Aw | Add +9.7% | 0.51% | +0.04 |
| IJJ iShares S&P Mid-Cap 400 Valu | New | 0.03% | +0.03 |
| VEA Vanguard Ftse Developed ETF | New | 0.02% | +0.02 |
| PRF Invesco Rafi US 1000 ETF | New | 0.02% | +0.02 |
| BND Vanguard Total Bond Market | Add +40.1% | 0.03% | +0.01 |
| TIP iShares Tips Bond ETF | Add +22.1% | 0.03% | +0.00 |
| DFIV Dimensional International Va | Add +0.0% | 0.13% | +0.00 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +1.7% | 0.09% | 0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +10.4% | 0.03% | −0.00 |
| IJR iShares Core S&P Small-Cap E | Add +0.3% | 0.01% | −0.00 |
| VNQ Vanguard Real Estate ETF | Add +1.3% | 0.06% | −0.00 |
| NULV Nuveen ESG Large-Cap Val ETF | Add +0.6% | 0.38% | −0.02 |
| DFUS Dimensional US Eq MKT ETF | Add +0.7% | 0.36% | −0.05 |
| IWV iShares Russell 3000 ETF | Add +0.0% | 0.51% | −0.07 |
| IVV iShares Core S&P 500 ETF | Add +9.5% | 41.58% | −1.45 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 80 | $3.7B | IVV, SCHG, GOVT, SCHX, IXUS |
| Q1 2026 | 73 | $3.3B | IVV, GOVT, SCHG, SCHX, IXUS |
| Q4 2025 | 62 | $3.0B | IVV, GOVT, SCHG, SCHX, IXUS |
| Q3 2025 | 75 | $2.8B | IVV, GOVT, SCHG, SCHX, IXUS |
| Q2 2025 | 79 | $2.6B | IVV, GOVT, SCHG, SCHX, IXUS |
| Q1 2025 | 48 | $2.3B | IVV, GOVT, SCHG, SCHX, IXUS |
| Q4 2024 | 38 | $2.1B | IVV, GOVT, SCHG, SPSM, IXUS |
| Q3 2024 | 33 | $1.8B | IVV, SCHG, GOVT, SCHF, SCHX |
| Q2 2024Amended | 31 | $1.6B | IVV, SCHG, GOVT, SCHF, SCHX |
| Q1 2024 | 38 | $1.6B | IVV, SCHG, GOVT, SCHF, SCHX |