Kelman-Lazarov, Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 10, 2026), Kelman-Lazarov, Inc. reported 154 stock positions worth $763.3 million. Its top holding was Schwab Fndmntl US LRG Co. ETF (FNDX) at 9.6% of the portfolio, followed by Schwab US Large-Cap Growth (SCHG, 8.3%) and Vaneck Morningstar Wide Moat (MOAT, 7.7%). Compared with Q1 2026, it opened 15 new positions, sold out of 2, added to 54 and reduced 61. The biggest buy was Schwab US Large-Cap Growth (SCHG, shares +1%) and the biggest sale Schwab Fndmntl Em MRK Eq ETF (FNDE, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0001672067
- Portfolio Value
- $763.3M (Q2 2026)
- SEC Filing
- 0001398344-26-013958 ↗ filed Aug 10, 2026
Holdings Value
Holdings 154 stocks · $763.3M
| FNDX Schwab Fndmntl US LRG Co. ETF | 9.58% | 2,350,202 | $73.1M | Reduce -0.9% |
| SCHG Schwab US Large-Cap Growth | 8.34% | 1,882,199 | $63.7M | Add +0.6% |
| MOAT Vaneck Morningstar Wide Moat | 7.67% | 562,820 | $58.5M | Add +0.3% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 4.96% | 430,413 | $37.8M | Add +2.2% |
| STIP iShares 0-5 Year Tips Bond E | 4.29% | 320,695 | $32.8M | Add +3.0% |
| AVDE Avantis International Equity | 4.12% | 352,258 | $31.4M | Reduce -0.6% |
| IJR iShares Core S&P Small-Cap E | 4.09% | 210,298 | $31.2M | Reduce -0.9% |
| SCHX Schwab US Large-Cap ETF | 3.94% | 1,022,937 | $30.1M | Reduce -0.9% |
| GSLC Goldman Activebeta US LC ETF | 3.69% | 198,590 | $28.2M | Reduce -3.6% |
| BOND PIMCO Active Bond Exchange-T | 3.21% | 266,083 | $24.5M | Add +1.4% |
| MBB iShares MBS ETF | 3.14% | 253,580 | $24.0M | Add +1.4% |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 3.11% | 489,415 | $23.8M | Reduce -1.5% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 2.96% | 569,914 | $22.6M | Reduce -4.2% |
| IJH iShares Core S&P Midcap ETF | 2.83% | 279,751 | $21.6M | Reduce -0.6% |
| BSV Vanguard Short-Term Bond ETF | 2.82% | 276,323 | $21.5M | Add +3.5% |
| GSIE Goldman Sachs Activebeta Int | 2.69% | 449,338 | $20.5M | Reduce -0.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.10% | 31,986 | $16.0M | Reduce -0.4% |
| QLTY GMO U.S. Quality ETF | 2.08% | 380,893 | $15.9M | Add +0.1% |
| PYLD PIMCO Multisector Bond Actv | 1.70% | 489,951 | $13.0M | Reduce -1.6% |
| SCHF Schwab Intl Equity ETF | 1.34% | 368,873 | $10.2M | Reduce -1.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.16% | 102,406 | $8.8M | Add +0.6% |
| SMMU PIMCO SHRT TRM Muni BND ETF | 1.14% | 172,326 | $8.7M | Add +7.0% |
| STPZ PIMCO 1-5 Year US Tips Index | 0.92% | 131,408 | $7.0M | Add +0.8% |
| AVEM Avantis Emerging Markets Eq | 0.77% | 61,225 | $5.9M | Reduce -8.8% |
| GOOGL Alphabet Inc. Class A | 0.63% | 13,416 | $4.8M | Reduce -0.8% |
| MUNI PIMCO Intermediate Municipal | 0.63% | 91,059 | $4.8M | Add +1.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.58% | 5,917 | $4.4M | Reduce -0.1% |
| VCRM Vanguard Core Tax-Ex Bond | 0.55% | 55,199 | $4.2M | Add +21.6% |
| RWL Invesco S&P 500 Revenue ETF | 0.54% | 32,495 | $4.2M | Reduce -0.1% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.54% | 11,986 | $4.1M | Add +1.4% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.53% | 79,932 | $4.0M | Reduce -4.1% |
| AAPL Apple Inc. | 0.52% | 13,643 | $3.9M | Add +4.5% |
| AVDS Avantis Intl SM Cap Eq ETF | 0.48% | 48,834 | $3.7M | Reduce -1.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.44% | 15,531 | $3.4M | Reduce -1.6% |
| PTRB Pgim Total Return Bond ETF | 0.41% | 75,617 | $3.1M | Reduce -3.6% |
| BIV Vanguard Intermediate-Term B | 0.38% | 38,005 | $2.9M | Reduce -0.9% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.34% | 67,948 | $2.6M | Reduce -0.4% |
| VOO Vanguard S&P 500 ETF | 0.30% | 3,288 | $2.3M | Add +16.1% |
| SCHA Schwab US Small-Cap ETF | 0.29% | 62,142 | $2.2M | Reduce -3.5% |
| MDY State Street SPDR S&P Midcap | 0.28% | 3,014 | $2.1M | Reduce -0.8% |
| MA Mastercard Inc. Class A | 0.26% | 3,926 | $2.0M | Reduce -2.8% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.25% | 28,083 | $1.9M | Reduce -0.1% |
| IVV iShares Core S&P 500 ETF | 0.25% | 2,517 | $1.9M | Reduce -6.9% |
| AVSU Avantis Resp US Equity ETF | 0.25% | 21,187 | $1.9M | Add +0.6% |
| SCHM Schwab US Mid Cap ETF | 0.24% | 50,028 | $1.8M | Reduce -0.4% |
| VIG Vanguard Dividend Apprec ETF | 0.23% | 7,521 | $1.8M | Reduce -1.3% |
| IYY iShares Dow Jones U.S. ETF | 0.21% | 8,838 | $1.6M | Reduce -0.1% |
| DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND | 0.21% | 2,999 | $1.6M | Add +0.2% |
| GOOG Alphabet Inc. Class C | 0.20% | 4,316 | $1.5M | Add +5.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.20% | 2 | $1.5M | No change |
| WMT Walmart Inc. | 0.19% | 12,484 | $1.4M | Reduce -3.0% |
| AVUS Avantis U.S. Equity ETF | 0.18% | 10,860 | $1.4M | Add +17.5% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.18% | 26,793 | $1.4M | No change |
| SPAB SS SPDR P Agg Bond ETF | 0.18% | 52,423 | $1.3M | Add +1.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.17% | 1,810 | $1.3M | Reduce -3.7% |
| AVLV Avantis US Large Cap Value | 0.15% | 12,931 | $1.2M | Add +1.5% |
| IWF iShares Russell 1000 Growth | 0.15% | 9,440 | $1.2M | No change |
| NVDA Nvidia Corp. | 0.15% | 5,830 | $1.2M | Add +10.3% |
| AMZN Amazon.com Inc. | 0.15% | 4,810 | $1.1M | Add +34.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.15% | 14,306 | $1.1M | Reduce -3.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.14% | 13,227 | $1.1M | No change |
| MU Micron Technology Inc. | 0.14% | 923 | $1.1M | Add +8.8% |
| GNMA iShares Gnma Bond ETF | 0.14% | 23,468 | $1.0M | Reduce -8.6% |
| IWB iShares Russell 1000 ETF | 0.13% | 2,403 | $984K | No change |
| FDX FedEx Corp. | 0.13% | 3,126 | $979K | Add +0.3% |
| IWD iShares Russell 1000 Value E | 0.13% | 4,020 | $974K | Add +0.0% |
| YUM Yum! Brands Inc. | 0.12% | 5,861 | $937K | Reduce -0.8% |
| GBIL Goldman Sachs Access Treasur | 0.12% | 9,322 | $934K | Add +183.4% |
| MSFT Microsoft Corp. | 0.12% | 2,498 | $932K | Reduce -41.1% |
| JNJ Johnson & Johnson | 0.12% | 3,530 | $897K | Reduce -3.7% |
| TSLA Tesla Inc. | 0.11% | 2,079 | $874K | Add +3.0% |
| NSC Norfolk Southern Corp. | 0.11% | 2,766 | $870K | Add +0.5% |
| AVDV Avantis Intl S/C Value ETF | 0.11% | 8,284 | $854K | Reduce -4.5% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.11% | 16,103 | $850K | Add +0.0% |
| AIVL Wisdomtree US AI Enhanced Va | 0.11% | 6,387 | $838K | Reduce -0.2% |
| PG The Procter & Gamble Co. | 0.11% | 5,581 | $818K | Reduce -5.7% |
| IEFA iShares Core MSCI Eafe ETF | 0.11% | 8,396 | $811K | Reduce -3.8% |
| VSDM Vanguard Short Tax-Ex Bond | 0.11% | 10,570 | $810K | Add +0.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.10% | 2,588 | $784K | Reduce -1.1% |
| IVE iShares S&P 500 Value ETF | 0.10% | 3,419 | $776K | No change |
| NFLX Netflix Inc. | 0.10% | 10,810 | $772K | Reduce -7.3% |
| MINO PIMCO Municipal Income Oppor | 0.10% | 16,697 | $764K | No change |
| IWR iShares Russell Mid-Cap ETF | 0.10% | 6,639 | $732K | Reduce -8.8% |
| NUBD Nuveen ESG US Aggregate Bond | 0.09% | 31,920 | $707K | Add +2.4% |
| IWM iShares Russell 2000 ETF | 0.09% | 2,346 | $705K | No change |
| EFG iShares MSCI Eafe Growth ETF | 0.09% | 5,295 | $659K | No change |
| GEM Goldman Sachs Activebeta Em | 0.08% | 12,200 | $634K | No change |
| IBB iShares Biotechnology ETF | 0.08% | 3,258 | $620K | Add +0.0% |
| AXP American Express Co. | 0.07% | 1,638 | $554K | Reduce -1.1% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.07% | 6,091 | $553K | Add +0.0% |
| AMD Advanced Micro Devices | 0.07% | 943 | $548K | New |
| AVGO Broadcom Inc. | 0.07% | 1,345 | $508K | Add +9.3% |
| SCHZ Schwab US Aggregate Bond ETF | 0.07% | 21,885 | $506K | Add +3.7% |
| EPS Wisdomtree US Large Cap Fund | 0.07% | 6,495 | $505K | No change |
| HD Home Depot Inc. | 0.06% | 1,395 | $492K | Add +13.3% |
| NULG Nuveen ESG LRG-Cap GRW ETF | 0.06% | 4,157 | $487K | Add +0.5% |
| JPM JPMorgan Chase & Co. | 0.06% | 1,479 | $484K | Add +3.4% |
| AVSD Avantis Reps Intern Equi ETF | 0.06% | 5,699 | $455K | Add +0.2% |
| MRK Merck & Co. Inc. | 0.06% | 3,490 | $448K | Reduce -1.5% |
| MTUM iShares MSCI USA Momentum Fa | 0.06% | 1,302 | $446K | No change |
Portfolio Sells Q1 2026 → Q2 2026
| FNDE Schwab Fndmntl Em MRK Eq ETF | Reduce -4.2% | 2.96% | −0.30 |
| AVDE Avantis International Equity | Reduce -0.6% | 4.12% | −0.19 |
| FNDC Schwab Fndmnt Intl SM Eq ETF | Reduce -1.5% | 3.11% | −0.19 |
| PYLD PIMCO Multisector Bond Actv | Reduce -1.6% | 1.70% | −0.17 |
| GSIE Goldman Sachs Activebeta Int | Reduce -0.9% | 2.69% | −0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.4% | 2.10% | −0.11 |
| MSFT Microsoft Corp. | Reduce -41.1% | 0.12% | −0.10 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -4.1% | 0.53% | −0.07 |
| NFLX Netflix Inc. | Reduce -7.3% | 0.10% | −0.06 |
| PTRB Pgim Total Return Bond ETF | Reduce -3.6% | 0.41% | −0.06 |
| WMT Walmart Inc. | Reduce -3.0% | 0.19% | −0.04 |
| BIV Vanguard Intermediate-Term B | Reduce -0.9% | 0.38% | −0.04 |
| COP Conocophillips | Sold out | 0.00% | −0.03 |
| FDL First Trust Morn DVD Lead Inc. | Sold out | 0.00% | −0.03 |
| GNMA iShares Gnma Bond ETF | Reduce -8.6% | 0.14% | −0.03 |
| AVDS Avantis Intl SM Cap Eq ETF | Reduce -1.1% | 0.48% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -2.8% | 0.26% | −0.03 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -3.5% | 0.15% | −0.02 |
| ESGD iShares Trust iShares ESG Aw | Reduce -31.6% | 0.04% | −0.02 |
| PEP Pepsico Inc. | Reduce -5.1% | 0.05% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -0.1% | 0.05% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -5.7% | 0.11% | −0.02 |
| PM Philip Morris International | Reduce -20.5% | 0.06% | −0.01 |
| AVDV Avantis Intl S/C Value ETF | Reduce -4.5% | 0.11% | −0.01 |
| JNJ Johnson & Johnson | Reduce -3.7% | 0.12% | −0.01 |
| SPEM State Street SP PTF Em ETF | Reduce -22.4% | 0.03% | −0.01 |
| YUM Yum! Brands Inc. | Reduce -0.8% | 0.12% | −0.01 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -3.8% | 0.11% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -2.6% | 0.03% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -6.9% | 0.25% | −0.01 |
| AMGN Amgen Inc. | Reduce -3.5% | 0.06% | −0.01 |
| IWR iShares Russell Mid-Cap ETF | Reduce -8.8% | 0.10% | −0.01 |
| DIS The Walt Disney Co. | Reduce -3.1% | 0.04% | −0.01 |
| GSLC Goldman Activebeta US LC ETF | Reduce -3.6% | 3.69% | −0.00 |
| IWN iShares Russell 2000 Value E | Reduce -15.4% | 0.03% | −0.00 |
| NULV Nuveen ESG Large-Cap Val ETF | Reduce -6.8% | 0.04% | −0.00 |
| MRK Merck & Co. Inc. | Reduce -1.5% | 0.06% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.3% | 0.23% | −0.00 |
| AVEM Avantis Emerging Markets Eq | Reduce -8.8% | 0.77% | −0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.6% | 0.44% | −0.00 |
| AXP American Express Co. | Reduce -1.1% | 0.07% | +0.00 |
| NUSC Nuveen ESG Small-Cap ETF | Reduce -0.9% | 0.04% | +0.00 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -2.0% | 0.04% | +0.00 |
| AVSE Avantis Resp Emerg MKTS Eq-E | Reduce -2.6% | 0.04% | +0.00 |
| AIVL Wisdomtree US AI Enhanced Va | Reduce -0.2% | 0.11% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -1.1% | 0.10% | +0.00 |
| SCHF Schwab Intl Equity ETF | Reduce -1.8% | 1.34% | +0.01 |
| LLY Eli Lilly & Co. | Reduce -0.7% | 0.05% | +0.01 |
| RWL Invesco S&P 500 Revenue ETF | Reduce -0.1% | 0.54% | +0.01 |
| MDY State Street SPDR S&P Midcap | Reduce -0.8% | 0.28% | +0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| SCHG Schwab US Large-Cap Growth | Add +0.6% | 8.34% | +0.53 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +2.2% | 4.96% | +0.33 |
| QLTY GMO U.S. Quality ETF | Add +0.1% | 2.08% | +0.10 |
| MU Micron Technology Inc. | Add +8.8% | 0.14% | +0.10 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +0.6% | 1.16% | +0.09 |
| GBIL Goldman Sachs Access Treasur | Add +183.4% | 0.12% | +0.08 |
| AMD Advanced Micro Devices | New | 0.07% | +0.07 |
| VCRM Vanguard Core Tax-Ex Bond | Add +21.6% | 0.55% | +0.06 |
| VOO Vanguard S&P 500 ETF | Add +16.1% | 0.30% | +0.05 |
| AMZN Amazon.com Inc. | Add +34.8% | 0.15% | +0.04 |
| AAPL Apple Inc. | Add +4.5% | 0.52% | +0.04 |
| INTC Intel Corp. | New | 0.04% | +0.04 |
| FIX Comfort Systems USA Inc. | New | 0.04% | +0.04 |
| UNH Unitedhealth Group Inc. | New | 0.04% | +0.04 |
| AVUS Avantis U.S. Equity ETF | Add +17.5% | 0.18% | +0.03 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +1.4% | 0.54% | +0.03 |
| GEV GE Vernova Inc. | New | 0.03% | +0.03 |
| WDC Western Digital Corp. | New | 0.03% | +0.03 |
| XLK SS Technology Select Sector | New | 0.03% | +0.03 |
| GE General Electric | New | 0.03% | +0.03 |
| GOOG Alphabet Inc. Class C | Add +5.0% | 0.20% | +0.03 |
| SNDK Sandisk Corp. | New | 0.03% | +0.03 |
| BLK BlackRock Inc. | New | 0.03% | +0.03 |
| MOH Molina Healthcare Inc. | New | 0.03% | +0.03 |
| VHT Vanguard Health Care ETF | New | 0.03% | +0.03 |
| MMM 3M Co. | New | 0.03% | +0.03 |
| V Visa Inc. Class A | New | 0.03% | +0.03 |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | New | 0.03% | +0.03 |
| AVSU Avantis Resp US Equity ETF | Add +0.6% | 0.25% | +0.02 |
| FDXF FedEx Freight Holding Co. | Add +80.6% | 0.06% | +0.02 |
| NVDA Nvidia Corp. | Add +10.3% | 0.15% | +0.02 |
| AVGO Broadcom Inc. | Add +9.3% | 0.07% | +0.01 |
| NULG Nuveen ESG LRG-Cap GRW ETF | Add +0.5% | 0.06% | +0.01 |
| AVLV Avantis US Large Cap Value | Add +1.5% | 0.15% | +0.01 |
| TSLA Tesla Inc. | Add +3.0% | 0.11% | +0.01 |
| DIA SS SPDR Dow Jones Indus Avg | Add +0.2% | 0.21% | +0.01 |
| HD Home Depot Inc. | Add +13.3% | 0.06% | +0.01 |
| IWD iShares Russell 1000 Value E | Add +0.0% | 0.13% | +0.00 |
| IUSG iShares Core S&P U.S. Growth | Add +0.1% | 0.04% | +0.00 |
| SUSA iShares ESG Optimized MSCI U | Add +0.0% | 0.05% | +0.00 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +0.0% | 0.07% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +3.4% | 0.06% | +0.00 |
| SCHV Schwab US Large-Cap Value | Add +1.4% | 0.06% | +0.00 |
| IBB iShares Biotechnology ETF | Add +0.0% | 0.08% | +0.00 |
| META Meta Platforms Inc. Class A | Add +15.9% | 0.03% | +0.00 |
| PCG P G & E Corp. | Add +18.4% | 0.03% | +0.00 |
| XLG Invesco S&P 500 Top 50 ETF | Add +0.0% | 0.04% | +0.00 |
| NSC Norfolk Southern Corp. | Add +0.5% | 0.11% | +0.00 |
| ORCL Oracle Corp. | Add +11.8% | 0.03% | +0.00 |
| AVSD Avantis Reps Intern Equi ETF | Add +0.2% | 0.06% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 154 | $763.3M | FNDX, SCHG, MOAT, SPYM, STIP |
| Q1 2026 | 140 | $697.6M | FNDX, SCHG, MOAT, SPYM, STIP |
| Q4 2025 | 134 | $700.3M | FNDX, SCHG, MOAT, SPYM, STIP |
| Q3 2025 | 132 | $674.5M | FNDX, SCHG, MOAT, GSIE, SPYM |
| Q2 2025 | 122 | $617.2M | FNDX, SCHG, MOAT, GSIE, GSLC |
| Q1 2025 | 116 | $550.9M | FNDX, MOAT, SCHG, GSIE, GSLC |
| Q4 2024 | 109 | $555.5M | FNDX, SCHG, MOAT, GSLC, GSIE |
| Q3 2024 | 109 | $581.2M | FNDX, MOAT, SCHG, GSLC, GSIE |
| Q2 2024 | 106 | $536.2M | FNDX, SCHG, MOAT, GSLC, GSIE |
| Q1 2024 | 104 | $511.7M | FNDX, MOAT, SCHG, GSLC, GSIE |