Intelligent Financial Strategies

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 25, 2024), Intelligent Financial Strategies reported 82 stock positions worth $162.5 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 44.3% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 17.6%) and VG Morningstar TS MKT ETF-US (VTI, 5.9%). Compared with Q1 2024, it opened 1 new position, sold out of 4, added to 7 and reduced 28. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +3%) and the biggest sale Vanguard Tot World STK ETF (VT, shares −55%).

Most Recent 13F
Q2 2026
Location
EXCELSIOR, MN
CIK
0001911000
Portfolio Value
$162.5M (Q2 2024)
SEC Filing
0001911000-24-000003 ↗ filed Jul 25, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $161.2M Q1 2024 Q2 2024: $162.5M $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 Q2 2026

Holdings 82 stocks · $162.5M
BRK.B Berkshire Hathaway Inc. Class B 44.35% 177,132 $72.1M Add +6.4%
VOO Vanguard S&P 500 ETF 17.64% 57,090 $28.7M Add +3.1%
VTI VG Morningstar TS MKT ETF-US 5.89% 35,660 $9.6M Add +0.5%
AVGE Avantis All Eqty Mrkts ETF 3.07% 71,898 $5.0M Reduce -2.7%
DFUV Dimensional US Marketwide Va 2.89% 119,481 $4.7M Reduce -1.0%
AAPL Apple Inc. 2.62% 20,190 $4.3M Add +0.0%
VIG Vanguard Dividend Apprec ETF 2.55% 22,601 $4.1M Reduce -0.1%
IVV iShares Core S&P 500 ETF 2.50% 7,430 $4.1M Reduce -1.0%
MSFT Microsoft Corp. 1.58% 5,727 $2.6M No change
DFAC Dimensional US Core Equity 2 1.53% 77,123 $2.5M Add +0.0%
GOOG Alphabet Inc. Class C 1.50% 13,270 $2.4M No change
MDY State Street SPDR S&P Midcap 1.27% 3,857 $2.1M No change
MA Mastercard Inc. Class A 1.15% 4,227 $1.9M No change
V Visa Inc. Class A 1.04% 6,456 $1.7M Reduce -5.8%
VT Vanguard Tot World STK ETF 0.99% 14,263 $1.6M Reduce -54.8%
BRK.A Berkshire Hathaway Inc. Class A 0.75% 2 $1.2M No change
COST Costco Wholesale Corp. 0.64% 1,222 $1.0M Add +0.1%
HSY The Hershey Co. 0.61% 5,350 $984K Reduce -3.6%
DFAX Dimensional World Ex US Core 0.56% 36,090 $917K No change
UNP Union Pacific Corp. 0.54% 3,851 $871K No change
MCD McDonald's Corp. 0.52% 3,333 $849K Reduce -9.1%
VXUS Vanguard Total Intl Stock 0.46% 12,510 $754K Reduce -0.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.40% 1,194 $652K No change
DFUS Dimensional US Eq MKT ETF 0.39% 10,666 $628K Reduce -6.2%
AVUV Avantis US Small Cap Value 0.35% 6,379 $572K Reduce -7.2%
AMZN Amazon.com Inc. 0.35% 2,960 $572K No change
PEP Pepsico Inc. 0.35% 3,421 $564K Reduce -7.7%
VEA Vanguard Ftse Developed ETF 0.28% 9,082 $449K Reduce -8.4%
NKE Nike Inc. Class B 0.24% 5,146 $388K Reduce -31.1%
KXI iShares Global Consumer Stap 0.21% 5,670 $341K No change
JNJ Johnson & Johnson 0.21% 2,318 $339K Reduce -43.6%
WMT Walmart Inc. 0.20% 4,845 $328K No change
AVDE Avantis International Equity 0.20% 5,090 $317K No change
AVDV Avantis Intl S/C Value ETF 0.17% 4,271 $277K No change
VXF Vanguard Extended Market ETF 0.16% 1,557 $264K Reduce -11.2%
BND Vanguard Total Bond Market 0.15% 3,475 $250K No change
CHD Church & Dwight Co. Inc. 0.15% 2,367 $245K No change
DEO Diageo PLC-Sponsored ADR 0.13% 1,666 $210K Reduce -30.3%
KO The Coca-Cola Co. 0.11% 2,925 $186K Add +0.1%
GLD SPDR Gold Shares 0.10% 775 $167K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.07% 487 $118K No change
AVUS Avantis U.S. Equity ETF 0.07% 1,258 $113K No change
VEU Vanguard Ftse All-World Ex-U 0.07% 1,887 $111K No change
FAST Fastenal Co. 0.06% 1,573 $99K No change
MKC McCormick & Co.-Non VTG SHRS 0.06% 1,270 $90K Reduce -61.5%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.05% 348 $87K No change
WEC WEC Energy Group Inc. 0.05% 1,059 $83K No change
AMAT Applied Materials Inc. 0.05% 349 $82K No change
PG The Procter & Gamble Co. 0.05% 466 $77K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.04% 445 $72K No change
XOM Exxon Mobil Corp. 0.04% 600 $69K No change
RTX RTX Corp. 0.04% 632 $63K No change
CMI Cummins Inc. 0.03% 195 $54K No change
MDLZ Mondelez International Inc. Class A 0.03% 750 $49K No change
PM Philip Morris International 0.03% 470 $48K No change
DFAT Dimensional US Target Value 0.03% 896 $46K No change
AXP American Express Co. 0.03% 194 $45K No change
PGR Progressive Corp. 0.03% 212 $44K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.02% 154 $40K Reduce -12.5%
MRSH Marsh & McLennan Cos 0.02% 189 $40K Reduce -12.5%
BRO Brown & Brown Inc. 0.02% 445 $40K Reduce -12.6%
CB Chubb Ltd. 0.02% 149 $38K Reduce -12.3%
ABBV Abbvie Inc. 0.02% 212 $36K No change
CLX Clorox Company 0.02% 256 $35K No change
ADP Automatic Data Processing 0.02% 135 $32K No change
RSG Republic Services Inc. 0.02% 166 $32K No change
CPRT Copart Inc. 0.02% 575 $31K No change
OTIS Otis Worldwide Corp. 0.02% 316 $30K No change
CARR Carrier Global Corp. 0.02% 423 $27K No change
CL Colgate-Palmolive Co. 0.02% 273 $27K No change
IDXX Idexx Laboratories Inc. 0.01% 50 $24K No change
NEE Nextera Energy Inc. 0.01% 328 $23K No change
ZTS Zoetis Inc. 0.01% 130 $23K No change
BF.B Brown-Forman Corp. Class B 0.01% 512 $22K Reduce -91.6%
SBUX Starbucks Corp. 0.01% 258 $20K Reduce -0.8%
MET Metlife Inc. 0.01% 200 $14K No change
RYAN Ryan Specialty Holdings Inc. 0.01% 239 $14K Reduce -69.5%
RLI Rli Corp. 0.01% 92 $13K Reduce -69.3%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.01% 154 $12K Reduce -69.4%
PRU Prudential Financial Inc. 0.01% 95 $11K No change
ADBE Adobe Inc. 0.01% 20 $11K New
AEE Ameren Corporation 0.00% 88 $6K Reduce -40.5%

Portfolio Sells Q1 2024 → Q2 2024
VT Vanguard Tot World STK ETF Reduce -54.8% 0.99% −1.17
NKE Nike Inc. Class B Reduce -31.1% 0.24% −0.20
JNJ Johnson & Johnson Reduce -43.6% 0.21% −0.19
BF.B Brown-Forman Corp. Class B Reduce -91.6% 0.01% −0.18
DFUV Dimensional US Marketwide Va Reduce -1.0% 2.89% −0.18
V Visa Inc. Class A Reduce -5.8% 1.04% −0.14
AVGE Avantis All Eqty Mrkts ETF Reduce -2.7% 3.07% −0.13
MCD McDonald's Corp. Reduce -9.1% 0.52% −0.12
MKC McCormick & Co.-Non VTG SHRS Reduce -61.5% 0.06% −0.10
DEO Diageo PLC-Sponsored ADR Reduce -30.3% 0.13% −0.09
HSY The Hershey Co. Reduce -3.6% 0.61% −0.06
PEP Pepsico Inc. Reduce -7.7% 0.35% −0.06
AVUV Avantis US Small Cap Value Reduce -7.2% 0.35% −0.05
VEA Vanguard Ftse Developed ETF Reduce -8.4% 0.28% −0.03
VXF Vanguard Extended Market ETF Reduce -11.2% 0.16% −0.03
DG Dollar General Corp. Sold out 0.00% −0.02
MO Altria Group Inc. Sold out 0.00% −0.02
WRB WR Berkley Corp. Reduce -69.4% 0.01% −0.02
RLI Rli Corp. Reduce -69.3% 0.01% −0.02
RYAN Ryan Specialty Holdings Inc. Reduce -69.5% 0.01% −0.02
EMR Emerson Electric Co. Sold out 0.00% −0.02
DFUS Dimensional US Eq MKT ETF Reduce -6.2% 0.39% −0.02
VIG Vanguard Dividend Apprec ETF Reduce -0.1% 2.55% −0.01
HRL Hormel Foods Corp. Sold out 0.00% −0.01
VXUS Vanguard Total Intl Stock Reduce -0.7% 0.46% −0.01
CB Chubb Ltd. Reduce -12.3% 0.02% −0.00
BRO Brown & Brown Inc. Reduce -12.6% 0.02% −0.00
MRSH Marsh & McLennan Cos Reduce -12.5% 0.02% −0.00
AEE Ameren Corporation Reduce -40.5% 0.00% −0.00
AJG Arthur J Gallagher & Co. Reduce -12.5% 0.02% −0.00
SBUX Starbucks Corp. Reduce -0.8% 0.01% −0.00
IVV iShares Core S&P 500 ETF Reduce -1.0% 2.50% +0.05

Portfolio Buys Q1 2024 → Q2 2024
VOO Vanguard S&P 500 ETF Add +3.1% 17.64% +1.12
BRK.B Berkshire Hathaway Inc. Class B Add +6.4% 44.35% +0.93
AAPL Apple Inc. Add +0.0% 2.62% +0.47
VTI VG Morningstar TS MKT ETF-US Add +0.5% 5.89% +0.17
COST Costco Wholesale Corp. Add +0.1% 0.64% +0.08
ADBE Adobe Inc. New 0.01% +0.01
KO The Coca-Cola Co. Add +0.1% 0.11% +0.00
DFAC Dimensional US Core Equity 2 Add +0.0% 1.53% +0.00

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