Fund Evaluation Group, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), Fund Evaluation Group, LLC reported 73 stock positions worth $3.3 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 34.2% of the portfolio, followed by iShares US Treasury Bond ETF (GOVT, 12.7%) and Schwab US Large-Cap Growth (SCHG, 9.6%). Compared with Q4 2025, it opened 14 new positions, sold out of 3, added to 21 and reduced 17. The biggest buy was VG Morningstar TS MKT ETF-US (VTI, shares +5818%) and the biggest sale Schwab US Large-Cap ETF (SCHX, shares −2%).

Most Recent 13F
Q2 2026
Location
CINCINNATI, OH
CIK
0001356249
Portfolio Value
$3.3B (Q1 2026)
SEC Filing
0001420506-26-000854 ↗ filed May 8, 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 $3.3B Q1 2026 Q2 2026: $3.7B Q2 2026

Holdings 73 stocks · $3.3B
IVV iShares Core S&P 500 ETF 34.16% 1,701,915 $1.1B Add +4.7%
GOVT iShares US Treasury Bond ETF 12.67% 17,999,984 $412.4M Add +6.5%
SCHG Schwab US Large-Cap Growth 9.56% 10,683,794 $311.1M Add +13.1%
SCHX Schwab US Large-Cap ETF 7.31% 9,274,544 $237.8M Reduce -2.3%
IXUS iShares Core Intl Stock ETF 6.21% 2,331,612 $202.0M Add +14.1%
SCHF Schwab Intl Equity ETF 4.21% 5,533,237 $136.9M Reduce -3.4%
VOO Vanguard S&P 500 ETF 3.86% 210,356 $125.7M Reduce -0.1%
VTI VG Morningstar TS MKT ETF-US 2.92% 296,314 $95.1M Add +5818.0%
VTIP Vanguard Short-Term Tips 2.28% 1,487,047 $74.3M Add +25.6%
CATH Global X S&P 500 Ca Val ETF 1.77% 738,456 $57.7M Add +7.7%
SCHE Schwab Emrg Mrkts Eqty ETF 1.24% 1,224,851 $40.4M Reduce -3.5%
VOTE TCW Transform 500 ETF 1.01% 432,269 $33.0M New
AGG iShares Core U.S. Aggregate 1.00% 328,168 $32.6M Add +9.1%
SHV iShares 0-1 Year Treasury Bo 0.94% 277,555 $30.6M Add +2.4%
VTHR Vanguard Russell 3000 0.77% 87,111 $25.1M Add +0.1%
RSP Invesco S&P 500 Equal Weight 0.71% 119,857 $23.0M New
SPSM SS SPDR P S&P 600 Small Cap 0.64% 431,328 $20.8M Reduce -5.1%
IWD iShares Russell 1000 Value E 0.62% 93,796 $20.0M Add +7.4%
SCHP Schwab U.S. Tips ETF 0.61% 748,000 $19.9M No change
SCHO Schwab Short-Term US Treas 0.58% 772,924 $18.8M No change
IWV iShares Russell 3000 ETF 0.48% 42,519 $15.8M No change
IGLB iShares 10+ Year Inv GR Corp. 0.45% 297,113 $14.7M No change
VEA Vanguard Ftse Developed ETF 0.44% 223,029 $14.3M Add +1914.0%
TLT iShares 20+ Year Treasury BD 0.43% 160,500 $13.9M No change
SDY SS SPDR S&P Dividend ETF 0.40% 89,489 $13.1M New
SCHC Schwab Intl Small-Cap Equity 0.37% 256,584 $12.0M Reduce -5.6%
IWO iShares Russell 2000 Growth 0.34% 35,156 $11.0M No change
ESGD iShares Trust iShares ESG Aw 0.33% 113,425 $10.8M Reduce -13.6%
BIV Vanguard Intermediate-Term B 0.32% 134,121 $10.4M Reduce -3.7%
DFUS Dimensional US Eq MKT ETF 0.31% 140,789 $10.0M No change
SUSA iShares ESG Optimized MSCI U 0.28% 69,939 $9.2M Reduce -45.2%
VONV Vanguard Russell 1000 Value 0.28% 96,000 $9.0M Add +11.1%
BND Vanguard Total Bond Market 0.26% 114,128 $8.4M Add +1138.5%
VB Vanguard Most SM-Cap ETF-Usd 0.24% 29,430 $7.7M New
EFA iShares MSCI Eafe ETF 0.21% 70,132 $6.7M Reduce -1.3%
DBC Invesco DB Commodity Index T 0.16% 185,314 $5.4M No change
STIP iShares 0-5 Year Tips Bond E 0.14% 44,690 $4.6M Add +129.0%
VSGX Vanguard ESG Intl Stock ETF 0.13% 60,337 $4.3M Reduce -35.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.13% 14,277 $4.1M Add +5.0%
USRT iShares Core US REIT ETF 0.11% 62,010 $3.7M No change
EAGL Eagle Capital Select Eqty 0.11% 112,990 $3.4M New
IWR iShares Russell Mid-Cap ETF 0.11% 35,293 $3.4M Add +21.4%
DFIV Dimensional International Va 0.10% 58,850 $3.1M No change
ACWI iShares MSCI Acwi ETF 0.07% 17,387 $2.4M Reduce -0.2%
ACWX iShares MSCI Acwi Ex US ETF 0.07% 33,728 $2.3M Reduce -6.8%
GMOV GMO U.S. Value ETF 0.07% 80,000 $2.2M Add +58.4%
SPGM State Street SPDR Portfolio 0.06% 26,923 $2.0M New
IWF iShares Russell 1000 Growth 0.06% 4,336 $1.8M New
IWP iShares Russell Mid-Cap Grow 0.05% 12,852 $1.6M New
VGSH Vanguard Short-Term Treasury 0.05% 28,029 $1.6M No change
VONG Vanguard Russell 1000 Growth 0.04% 12,224 $1.3M Reduce -16.1%
VNQ Vanguard Real Estate ETF 0.04% 14,861 $1.3M No change
AVLV Avantis US Large Cap Value 0.04% 15,700 $1.3M Reduce -12.8%
TIP iShares Tips Bond ETF 0.03% 8,554 $944K No change
VGLT Vanguard Long-Term Treasury 0.03% 15,835 $877K New
SCHH Schwab US REIT ETF 0.03% 40,044 $861K Add +10.3%
ESGE iShares Inc. iShares ESG Awar 0.02% 15,605 $710K No change
ICF iShares Select U.S. REIT ETF 0.02% 11,127 $689K No change
PRF Invesco Rafi US 1000 ETF 0.02% 12,122 $576K Reduce -3.6%
FNDX Schwab Fndmntl US LRG Co. ETF 0.02% 20,286 $565K Reduce -2.1%
EEM iShares MSCI Emerging Market 0.02% 9,470 $538K New
AAPL Apple Inc. 0.01% 1,635 $415K Add +2.5%
IJR iShares Core S&P Small-Cap E 0.01% 3,328 $414K No change
VIOO Vanguard S&P Small-Cap 600 E 0.01% 3,216 $369K New
BSV Vanguard Short-Term Bond ETF 0.01% 4,372 $343K Add +2.3%
QUAL iShares MSCI USA Quality Fac 0.01% 1,661 $319K No change
VIOG Vanguard S&P SM Cap 600 GRW 0.01% 2,230 $278K New
NVDA Nvidia Corp. 0.01% 1,355 $236K No change
IEFA iShares Core MSCI Eafe ETF 0.01% 2,510 $227K No change
BIBL Inspire 100 ETF 0.01% 4,641 $219K No change
VGSR Vert GLB Sust Re ETF filed as MANAGER DIRECTED PORTFOLIOS 0.00% 14,204 $147K No change
FBLG Fibrobiologics Inc. 0.00% 51,794 $68K New
ELUT Elutia Inc. 0.00% 12,612 $13K New

Portfolio Sells Q4 2025 → Q1 2026
SCHX Schwab US Large-Cap ETF Reduce -2.3% 7.31% −1.14
VOO Vanguard S&P 500 ETF Reduce -0.1% 3.86% −0.50
SCHF Schwab Intl Equity ETF Reduce -3.4% 4.21% −0.35
NULV Nuveen ESG Large-Cap Val ETF Sold out 0.00% −0.31
SUSA iShares ESG Optimized MSCI U Reduce -45.2% 0.28% −0.30
SCHE Schwab Emrg Mrkts Eqty ETF Reduce -3.5% 1.24% −0.14
VSGX Vanguard ESG Intl Stock ETF Reduce -35.0% 0.13% −0.09
ESGD iShares Trust iShares ESG Aw Reduce -13.6% 0.33% −0.08
SPSM SS SPDR P S&P 600 Small Cap Reduce -5.1% 0.64% −0.06
SCHC Schwab Intl Small-Cap Equity Reduce -5.6% 0.37% −0.04
BIV Vanguard Intermediate-Term B Reduce -3.7% 0.32% −0.04
EFA iShares MSCI Eafe ETF Reduce -1.3% 0.21% −0.02
VONG Vanguard Russell 1000 Growth Reduce -16.1% 0.04% −0.02
LLY Eli Lilly & Co. Sold out 0.00% −0.01
ACWX iShares MSCI Acwi Ex US ETF Reduce -6.8% 0.07% −0.01
ACWI iShares MSCI Acwi ETF Reduce -0.2% 0.07% −0.01
MSFT Microsoft Corp. Sold out 0.00% −0.01
AVLV Avantis US Large Cap Value Reduce -12.8% 0.04% −0.01
PRF Invesco Rafi US 1000 ETF Reduce -3.6% 0.02% −0.00
FNDX Schwab Fndmntl US LRG Co. ETF Reduce -2.1% 0.02% −0.00

Portfolio Buys Q4 2025 → Q1 2026
VTI VG Morningstar TS MKT ETF-US Add +5818.0% 2.92% +2.87
VOTE TCW Transform 500 ETF New 1.01% +1.01
RSP Invesco S&P 500 Equal Weight New 0.71% +0.71
IXUS iShares Core Intl Stock ETF Add +14.1% 6.21% +0.49
VEA Vanguard Ftse Developed ETF Add +1914.0% 0.44% +0.42
SDY SS SPDR S&P Dividend ETF New 0.40% +0.40
VTIP Vanguard Short-Term Tips Add +25.6% 2.28% +0.35
VB Vanguard Most SM-Cap ETF-Usd New 0.24% +0.24
BND Vanguard Total Bond Market Add +1138.5% 0.26% +0.24
EAGL Eagle Capital Select Eqty New 0.11% +0.11
STIP iShares 0-5 Year Tips Bond E Add +129.0% 0.14% +0.08
SPGM State Street SPDR Portfolio New 0.06% +0.06
IWF iShares Russell 1000 Growth New 0.06% +0.06
IWP iShares Russell Mid-Cap Grow New 0.05% +0.05
VGLT Vanguard Long-Term Treasury New 0.03% +0.03
GMOV GMO U.S. Value ETF Add +58.4% 0.07% +0.02
EEM iShares MSCI Emerging Market New 0.02% +0.02
IWR iShares Russell Mid-Cap ETF Add +21.4% 0.11% +0.01
VONV Vanguard Russell 1000 Value Add +11.1% 0.28% +0.01
VIOO Vanguard S&P Small-Cap 600 E New 0.01% +0.01
VIOG Vanguard S&P SM Cap 600 GRW New 0.01% +0.01
IWD iShares Russell 1000 Value E Add +7.4% 0.62% +0.01
AGG iShares Core U.S. Aggregate Add +9.1% 1.00% +0.01
FBLG Fibrobiologics Inc. New 0.00% +0.00
SCHH Schwab US REIT ETF Add +10.3% 0.03% +0.00
ELUT Elutia Inc. New 0.00% +0.00
BSV Vanguard Short-Term Bond ETF Add +2.3% 0.01% −0.00
AAPL Apple Inc. Add +2.5% 0.01% −0.00
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +5.0% 0.13% −0.00
SHV iShares 0-1 Year Treasury Bo Add +2.4% 0.94% −0.05
CATH Global X S&P 500 Ca Val ETF Add +7.7% 1.77% −0.09
VTHR Vanguard Russell 3000 Add +0.1% 0.77% −0.09
GOVT iShares US Treasury Bond ETF Add +6.5% 12.67% −0.21
SCHG Schwab US Large-Cap Growth Add +13.1% 9.56% −0.64
IVV iShares Core S&P 500 ETF Add +4.7% 34.16% −2.67

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