Intelligent Financial Strategies

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 25, 2024), Intelligent Financial Strategies reported 81 stock positions worth $181.6 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 46.0% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 17.1%) and VG Morningstar TS MKT ETF-US (VTI, 5.5%). Compared with Q2 2024, it sold out of 1, added to 15 and reduced 17. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +2%) and the biggest sale VG Morningstar TS MKT ETF-US (VTI, shares −1%).

Most Recent 13F
Q2 2026
Location
EXCELSIOR, MN
CIK
0001911000
Portfolio Value
$181.6M (Q3 2024)
SEC Filing
0001911000-24-000005 ↗ filed Oct 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 Q2 2024 Q3 2024: $181.6M $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 81 stocks · $181.6M
BRK.B Berkshire Hathaway Inc. Class B 45.97% 181,378 $83.5M Add +2.4%
VOO Vanguard S&P 500 ETF 17.12% 58,748 $31.1M Add +2.9%
VTI VG Morningstar TS MKT ETF-US 5.50% 35,178 $10.0M Reduce -1.4%
AVGE Avantis All Eqty Mrkts ETF 2.87% 70,436 $5.2M Reduce -2.0%
DFUV Dimensional US Marketwide Va 2.68% 116,633 $4.9M Reduce -2.4%
AAPL Apple Inc. 2.59% 20,191 $4.7M Add +0.0%
VIG Vanguard Dividend Apprec ETF 2.48% 22,612 $4.5M Add +0.1%
IVV iShares Core S&P 500 ETF 2.33% 7,333 $4.2M Reduce -1.3%
BRK.A Berkshire Hathaway Inc. Class A 1.90% 5 $3.5M Add +150.0%
DFAC Dimensional US Core Equity 2 1.46% 77,133 $2.6M Add +0.0%
MSFT Microsoft Corp. 1.36% 5,727 $2.5M No change
GOOG Alphabet Inc. Class C 1.22% 13,293 $2.2M Add +0.2%
MDY State Street SPDR S&P Midcap 1.21% 3,857 $2.2M No change
MA Mastercard Inc. Class A 1.15% 4,228 $2.1M Add +0.0%
V Visa Inc. Class A 0.98% 6,455 $1.8M Reduce -0.0%
VT Vanguard Tot World STK ETF 0.96% 14,564 $1.7M Add +2.1%
COST Costco Wholesale Corp. 0.60% 1,221 $1.1M Reduce -0.1%
HSY The Hershey Co. 0.56% 5,347 $1.0M Reduce -0.1%
MCD McDonald's Corp. 0.56% 3,334 $1.0M Add +0.0%
DFAX Dimensional World Ex US Core 0.53% 35,705 $964K Reduce -1.1%
UNP Union Pacific Corp. 0.52% 3,851 $949K No change
VXUS Vanguard Total Intl Stock 0.45% 12,548 $812K Add +0.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.38% 1,194 $687K No change
DFUS Dimensional US Eq MKT ETF 0.35% 10,180 $633K Reduce -4.6%
AVUV Avantis US Small Cap Value 0.34% 6,380 $612K Add +0.0%
PEP Pepsico Inc. 0.32% 3,421 $582K No change
AMZN Amazon.com Inc. 0.30% 2,960 $552K No change
VEA Vanguard Ftse Developed ETF 0.26% 9,002 $475K Reduce -0.9%
WMT Walmart Inc. 0.22% 4,845 $391K No change
KXI iShares Global Consumer Stap 0.21% 5,670 $373K No change
NKE Nike Inc. Class B 0.20% 4,097 $364K Reduce -20.4%
AVDE Avantis International Equity 0.19% 5,090 $341K No change
JNJ Johnson & Johnson 0.18% 2,059 $334K Reduce -11.2%
AVDV Avantis Intl S/C Value ETF 0.17% 4,271 $302K No change
VXF Vanguard Extended Market ETF 0.16% 1,562 $285K Add +0.3%
BND Vanguard Total Bond Market 0.14% 3,475 $261K No change
CHD Church & Dwight Co. Inc. 0.14% 2,367 $248K No change
GLD SPDR Gold Shares 0.10% 775 $188K No change
DEO Diageo PLC-Sponsored ADR 0.10% 1,206 $173K Reduce -27.6%
KO The Coca-Cola Co. 0.08% 2,128 $154K Reduce -27.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.07% 490 $129K Add +0.6%
VEU Vanguard Ftse All-World Ex-U 0.07% 1,895 $119K Add +0.4%
AVUS Avantis U.S. Equity ETF 0.06% 1,203 $114K Reduce -4.4%
FAST Fastenal Co. 0.06% 1,573 $112K No change
MKC McCormick & Co.-Non VTG SHRS 0.06% 1,270 $105K No change
WEC WEC Energy Group Inc. 0.06% 1,059 $102K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.05% 348 $92K No change
PG The Procter & Gamble Co. 0.04% 466 $81K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.04% 445 $78K No change
RTX RTX Corp. 0.04% 632 $77K No change
AMAT Applied Materials Inc. 0.04% 349 $71K No change
XOM Exxon Mobil Corp. 0.04% 600 $70K No change
CMI Cummins Inc. 0.03% 195 $63K No change
PM Philip Morris International 0.03% 470 $58K No change
MDLZ Mondelez International Inc. Class A 0.03% 750 $56K No change
PGR Progressive Corp. 0.03% 212 $54K No change
AXP American Express Co. 0.03% 194 $53K No change
BRO Brown & Brown Inc. 0.03% 445 $46K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.02% 154 $43K No change
CB Chubb Ltd. 0.02% 149 $43K No change
MRSH Marsh & McLennan Cos 0.02% 189 $42K No change
DFAT Dimensional US Target Value 0.02% 752 $42K Reduce -16.1%
ABBV Abbvie Inc. 0.02% 212 $42K No change
CLX Clorox Company 0.02% 256 $42K No change
ADP Automatic Data Processing 0.02% 135 $38K No change
CARR Carrier Global Corp. 0.02% 423 $34K No change
RSG Republic Services Inc. 0.02% 166 $33K No change
OTIS Otis Worldwide Corp. 0.02% 316 $33K No change
CPRT Copart Inc. 0.02% 575 $30K No change
CL Colgate-Palmolive Co. 0.02% 273 $28K No change
NEE Nextera Energy Inc. 0.02% 328 $28K No change
ZTS Zoetis Inc. 0.01% 130 $25K No change
BF.B Brown-Forman Corp. Class B 0.01% 512 $25K No change
IDXX Idexx Laboratories Inc. 0.01% 50 $25K No change
SBUX Starbucks Corp. 0.01% 254 $25K Reduce -1.6%
MET Metlife Inc. 0.01% 200 $16K No change
RYAN Ryan Specialty Holdings Inc. 0.01% 239 $16K No change
RLI Rli Corp. 0.01% 92 $14K No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.01% 231 $13K No change
PRU Prudential Financial Inc. 0.01% 95 $12K No change
ADBE Adobe Inc. 0.01% 20 $10K No change

Portfolio Sells Q2 2024 → Q3 2024
VTI VG Morningstar TS MKT ETF-US Reduce -1.4% 5.50% −0.39
DFUV Dimensional US Marketwide Va Reduce -2.4% 2.68% −0.21
AVGE Avantis All Eqty Mrkts ETF Reduce -2.0% 2.87% −0.20
IVV iShares Core S&P 500 ETF Reduce -1.3% 2.33% −0.17
V Visa Inc. Class A Reduce -0.0% 0.98% −0.07
COST Costco Wholesale Corp. Reduce -0.1% 0.60% −0.04
HSY The Hershey Co. Reduce -0.1% 0.56% −0.04
NKE Nike Inc. Class B Reduce -20.4% 0.20% −0.04
DFUS Dimensional US Eq MKT ETF Reduce -4.6% 0.35% −0.04
DEO Diageo PLC-Sponsored ADR Reduce -27.6% 0.10% −0.03
DFAX Dimensional World Ex US Core Reduce -1.1% 0.53% −0.03
KO The Coca-Cola Co. Reduce -27.3% 0.08% −0.03
JNJ Johnson & Johnson Reduce -11.2% 0.18% −0.02
VEA Vanguard Ftse Developed ETF Reduce -0.9% 0.26% −0.01
AVUS Avantis U.S. Equity ETF Reduce -4.4% 0.06% −0.01
DFAT Dimensional US Target Value Reduce -16.1% 0.02% −0.01
AEE Ameren Corporation Sold out 0.00% −0.00
SBUX Starbucks Corp. Reduce -1.6% 0.01% +0.00

Portfolio Buys Q2 2024 → Q3 2024
BRK.B Berkshire Hathaway Inc. Class B Add +2.4% 45.97% +1.62
BRK.A Berkshire Hathaway Inc. Class A Add +150.0% 1.90% +1.15
MCD McDonald's Corp. Add +0.0% 0.56% +0.04
MA Mastercard Inc. Class A Add +0.0% 1.15% +0.00
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +0.6% 0.07% −0.00
VEU Vanguard Ftse All-World Ex-U Add +0.4% 0.07% −0.00
VXF Vanguard Extended Market ETF Add +0.3% 0.16% −0.01
AVUV Avantis US Small Cap Value Add +0.0% 0.34% −0.02
VXUS Vanguard Total Intl Stock Add +0.3% 0.45% −0.02
AAPL Apple Inc. Add +0.0% 2.59% −0.03
VT Vanguard Tot World STK ETF Add +2.1% 0.96% −0.03
DFAC Dimensional US Core Equity 2 Add +0.0% 1.46% −0.07
VIG Vanguard Dividend Apprec ETF Add +0.1% 2.48% −0.08
GOOG Alphabet Inc. Class C Add +0.2% 1.22% −0.27
VOO Vanguard S&P 500 ETF Add +2.9% 17.12% −0.51

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