Intelligent Financial Strategies

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 24, 2026), Intelligent Financial Strategies reported 60 stock positions worth $207.8 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 29.0% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 13.3%) and Vanguard Tot World STK ETF (VT, 11.8%). Compared with Q1 2026, it sold out of 2, added to 13 and reduced 19. The biggest buy was Dimensional US Core Equity 2 (DFAC, shares +0%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −2%).

Most Recent 13F
Q2 2026
Location
EXCELSIOR, MN
CIK
0001911000
Portfolio Value
$207.8M (Q2 2026)
SEC Filing
0001911000-26-000004 ↗ filed Jul 24, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $161.2M Q1 2024 Q2 2024: $162.5M Q2 2024 Q3 2024: $181.6M Q3 2024 Q4 2024: $180.6M Q4 2024 Q1 2025: $191.7M Q1 2025 Q2 2025: $188.4M Q2 2025 Q3 2025: $205.4M Q3 2025 Q4 2025: $207.9M Q4 2025 Q1 2026: $191.9M Q1 2026 Q2 2026: $207.8M $207.8M Q2 2026

Holdings 60 stocks · $207.8M
BRK.B Berkshire Hathaway Inc. Class B 28.99% 120,403 $60.2M Reduce -1.6%
VOO Vanguard S&P 500 ETF 13.34% 40,378 $27.7M Reduce -0.5%
VT Vanguard Tot World STK ETF 11.77% 155,814 $24.5M No change
VTI VG Morningstar TS MKT ETF-US 7.59% 42,620 $15.8M Reduce -0.9%
VXUS Vanguard Total Intl Stock 5.70% 138,507 $11.8M Reduce -1.6%
BND Vanguard Total Bond Market 4.37% 123,649 $9.1M Add +0.2%
AVGE Avantis All Eqty Mrkts ETF 3.08% 64,521 $6.4M Reduce -0.5%
BRK.A Berkshire Hathaway Inc. Class A 2.52% 7 $5.2M No change
IVV iShares Core S&P 500 ETF 2.29% 6,350 $4.8M Reduce -1.8%
VIG Vanguard Dividend Apprec ETF 2.24% 19,644 $4.6M Add +0.1%
DFUV Dimensional US Marketwide Va 2.22% 83,718 $4.6M No change
DFAC Dimensional US Core Equity 2 2.01% 94,014 $4.2M Add +0.0%
AAPL Apple Inc. 1.64% 11,750 $3.4M Reduce -0.0%
GOOG Alphabet Inc. Class C 1.59% 9,339 $3.3M No change
VCSH Vanguard S/T Corp. Bond ETF 1.48% 39,017 $3.1M Reduce -0.1%
MDY State Street SPDR S&P Midcap 1.25% 3,678 $2.6M Reduce -1.7%
MA Mastercard Inc. Class A 0.78% 3,170 $1.6M Reduce -1.5%
V Visa Inc. Class A 0.73% 4,419 $1.5M Reduce -3.0%
SGOV iShares 0-3 Month Treasury B 0.68% 14,045 $1.4M Add +1.8%
MSFT Microsoft Corp. 0.67% 3,751 $1.4M Reduce -0.8%
DFAX Dimensional World Ex US Core 0.63% 35,705 $1.3M No change
COST Costco Wholesale Corp. 0.52% 1,156 $1.1M No change
FEGE First Eagle GL Equity ETF 0.49% 20,903 $1.0M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.43% 1,194 $894K No change
DFUS Dimensional US Eq MKT ETF 0.36% 9,115 $747K No change
UNP Union Pacific Corp. 0.24% 1,798 $489K No change
AVDE Avantis International Equity 0.22% 5,090 $454K No change
AVDV Avantis Intl S/C Value ETF 0.21% 4,275 $441K Add +0.1%
VEA Vanguard Ftse Developed ETF 0.21% 6,171 $440K Add +33.5%
VXF Vanguard Extended Market ETF 0.16% 1,378 $339K Add +0.2%
HSY The Hershey Co. 0.14% 1,685 $296K Reduce -20.7%
AVUV Avantis US Small Cap Value 0.13% 2,241 $280K Add +0.1%
AMAT Applied Materials Inc. 0.12% 349 $252K No change
AMZN Amazon.com Inc. 0.11% 1,000 $238K No change
JNJ Johnson & Johnson 0.11% 935 $237K Add +0.1%
VEU Vanguard Ftse All-World Ex-U 0.11% 2,806 $235K Add +7.1%
KXI iShares Global Consumer Stap 0.11% 3,292 $222K Reduce -5.4%
AOR iShares Core 60/40 Balanced 0.11% 3,171 $220K Add +0.3%
MCD McDonald's Corp. 0.09% 690 $186K Reduce -29.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.08% 1,997 $161K Add +0.3%
AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO 0.07% 2,820 $150K No change
CMI Cummins Inc. 0.07% 195 $139K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.06% 346 $119K No change
PEP Pepsico Inc. 0.04% 668 $91K Reduce -14.7%
PM Philip Morris International 0.04% 470 $86K No change
XOM Exxon Mobil Corp. 0.04% 600 $82K No change
FAST Fastenal Co. 0.03% 1,411 $68K Reduce -0.6%
PHYS Sprott Physical Gold Trust 0.02% 1,518 $46K No change
RSG Republic Services Inc. 0.02% 166 $35K No change
AVUS Avantis U.S. Equity ETF 0.02% 246 $31K Reduce -68.6%
IDXX Idexx Laboratories Inc. 0.01% 50 $26K No change
KO The Coca-Cola Co. 0.01% 321 $26K Add +0.6%
CL Colgate-Palmolive Co. 0.01% 273 $25K No change
FNDF Schwab Fndmn Intl LRG Co. ETF 0.01% 451 $24K Reduce -30.2%
MET Metlife Inc. 0.01% 200 $17K No change
MDLZ Mondelez International Inc. Class A 0.01% 280 $16K No change
IWD iShares Russell 1000 Value E 0.01% 50 $12K No change
PRU Prudential Financial Inc. 0.00% 95 $10K No change
AXP American Express Co. 0.00% 25 $8K No change
PG The Procter & Gamble Co. 0.00% 1 $147 No change

Portfolio Sells Q1 2026 → Q2 2026
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.6% 28.99% −1.54
VCSH Vanguard S/T Corp. Bond ETF Reduce -0.1% 1.48% −0.13
HSY The Hershey Co. Reduce -20.7% 0.14% −0.09
MCD McDonald's Corp. Reduce -29.4% 0.09% −0.07
MSFT Microsoft Corp. Reduce -0.8% 0.67% −0.06
MA Mastercard Inc. Class A Reduce -1.5% 0.78% −0.05
AVUS Avantis U.S. Equity ETF Reduce -68.6% 0.02% −0.03
PEP Pepsico Inc. Reduce -14.7% 0.04% −0.02
KXI iShares Global Consumer Stap Reduce -5.4% 0.11% −0.01
FNDA Schwab Fndmntl US SM Co. ETF Sold out 0.00% −0.01
MOAT Vaneck Morningstar Wide Moat Sold out 0.00% −0.01
FNDF Schwab Fndmn Intl LRG Co. ETF Reduce -30.2% 0.01% −0.01
FAST Fastenal Co. Reduce -0.6% 0.03% −0.00
V Visa Inc. Class A Reduce -3.0% 0.73% +0.01
MDY State Street SPDR S&P Midcap Reduce -1.7% 1.25% +0.04
VXUS Vanguard Total Intl Stock Reduce -1.6% 5.70% +0.04
AAPL Apple Inc. Reduce -0.0% 1.64% +0.08
IVV iShares Core S&P 500 ETF Reduce -1.8% 2.29% +0.09
AVGE Avantis All Eqty Mrkts ETF Reduce -0.5% 3.08% +0.10
VTI VG Morningstar TS MKT ETF-US Reduce -0.9% 7.59% +0.40
VOO Vanguard S&P 500 ETF Reduce -0.5% 13.34% +0.71

Portfolio Buys Q1 2026 → Q2 2026
DFAC Dimensional US Core Equity 2 Add +0.0% 2.01% +0.10
VEA Vanguard Ftse Developed ETF Add +33.5% 0.21% +0.06
VIG Vanguard Dividend Apprec ETF Add +0.1% 2.24% +0.04
VXF Vanguard Extended Market ETF Add +0.2% 0.16% +0.02
VEU Vanguard Ftse All-World Ex-U Add +7.1% 0.11% +0.01
AVUV Avantis US Small Cap Value Add +0.1% 0.13% +0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +0.3% 0.08% +0.00
AOR iShares Core 60/40 Balanced Add +0.3% 0.11% 0.00
KO The Coca-Cola Co. Add +0.6% 0.01% −0.00
JNJ Johnson & Johnson Add +0.1% 0.11% −0.00
AVDV Avantis Intl S/C Value ETF Add +0.1% 0.21% −0.01
SGOV iShares 0-3 Month Treasury B Add +1.8% 0.68% −0.04
BND Vanguard Total Bond Market Add +0.2% 4.37% −0.37

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 60$207.8MBRK.B, VOO, VT, VTI, VXUS
Q1 2026 62$191.9MBRK.B, VOO, VT, VTI, VXUS
Q4 2025 72$207.9MBRK.B, VOO, VT, VTI, VXUS
Q3 2025 73$205.4MBRK.B, VOO, VT, VTI, VXUS
Q2 2025 85$188.4MBRK.B, VOO, VT, VTI, BRK.A
Q1 2025 82$191.7MBRK.B, VOO, VTI, BRK.A, AVGE
Q4 2024 79$180.6MBRK.B, VOO, VTI, AAPL, AVGE
Q3 2024 81$181.6MBRK.B, VOO, VTI, AVGE, DFUV
Q2 2024 82$162.5MBRK.B, VOO, VTI, AVGE, DFUV
Q1 2024 85$161.2MBRK.B, VOO, VTI, AVGE, DFUV