Kelman-Lazarov, Inc.

Name: Kelman-Lazarov, Inc. 13F holdings, Q2 2024
Creator: Kelman-Lazarov, Inc.
Published: 2024-08-12

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q1 2024

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 12, 2024), Kelman-Lazarov, Inc. reported 106 stock positions worth $536.2 million. Its top holding was Schwab Fndmntl US LRG Co. ETF (FNDX) at 10.0% of the portfolio, followed by Schwab US Large-Cap Growth (SCHG, 9.1%) and Vaneck Morningstar Wide Moat (MOAT, 8.7%). Compared with Q1 2024, it opened 4 new positions, sold out of 2, added to 33 and reduced 55. The biggest buy was Schwab Fndmnt Intl SM Eq ETF (FNDC, shares +337%) and the biggest sale SS Spdrb B 3-12M T-Bill ETF (BILS, shares −98%).

Most Recent 13F: Q2 2026
Location: MEMPHIS, TN
CIK: 0001672067
Portfolio Value: $536.2M (Q2 2024)
SEC Filing: 0001398344-24-014351 ↗ filed Aug 12, 2024

Holdings Value

Holdings 106 stocks · $536.2M


FNDX Schwab Fndmntl US LRG Co. ETF	10.00%	800,453	$53.6M	Reduce -0.0%
SCHG Schwab US Large-Cap Growth	9.10%	483,724	$48.8M	Reduce -3.5%
MOAT Vaneck Morningstar Wide Moat	8.74%	541,411	$46.9M	Reduce -0.7%
GSLC Goldman Activebeta US LC ETF	7.29%	365,421	$39.1M	Reduce -3.7%
GSIE Goldman Sachs Activebeta Int	5.93%	944,925	$31.8M	Add +0.0%
STIP iShares 0-5 Year Tips Bond E	4.42%	238,342	$23.7M	Add +4.5%
IJR iShares Core S&P Small-Cap E	3.98%	199,904	$21.3M	Add +42.4%
BOND PIMCO Active Bond Exchange-T	3.83%	225,718	$20.6M	Add +5.6%
PYLD PIMCO Multisector Bond Actv	3.75%	784,087	$20.1M	Add +19.7%
BSV Vanguard Short-Term Bond ETF	3.26%	227,644	$17.5M	Add +10.7%
FNDE Schwab Fndmntl Em MRK Eq ETF	3.17%	574,565	$17.0M	Add +0.8%
FNDC Schwab Fndmnt Intl SM Eq ETF	3.04%	468,472	$16.3M	Add +336.6%
IJH iShares Core S&P Midcap ETF	2.66%	243,954	$14.3M	Add +2.1%
BRK.B Berkshire Hathaway Inc. Class B	2.52%	33,181	$13.5M	Add +1.2%
MBB iShares MBS ETF	2.19%	128,032	$11.8M	Add +45.9%
QLTY GMO U.S. Quality ETF	1.94%	335,592	$10.4M	Add +428.3%
MCH Matthews China Active ETF	1.70%	474,840	$9.1M	Add +30.0%
GNMA iShares Gnma Bond ETF	1.63%	203,284	$8.8M	Reduce -24.4%
SCHF Schwab Intl Equity ETF	1.49%	207,638	$8.0M	Reduce -4.1%
STPZ PIMCO 1-5 Year US Tips Index	1.41%	146,518	$7.6M	Add +3.3%
AVEM Avantis Emerging Markets Eq	1.24%	109,135	$6.7M	Reduce -0.3%
VTEB Vanguard Tax-Exempt Bond ETF	0.88%	94,093	$4.7M	Reduce -0.6%
AVDE Avantis International Equity	0.83%	71,917	$4.5M	Add +0.3%
MUNI PIMCO Intermediate Municipal	0.82%	84,644	$4.4M	Add +2.3%
SMMU PIMCO SHRT TRM Muni BND ETF	0.72%	77,076	$3.8M	Add +3.5%
VUG Vanguard Mrngstar GR ETF-Sui	0.65%	9,322	$3.5M	Reduce -3.6%
SPY SS SPDR S&P 500 ETF Trust-US	0.63%	6,251	$3.4M	Reduce -0.1%
RWL Invesco S&P 500 Revenue ETF	0.58%	33,539	$3.1M	Reduce -2.8%
BIV Vanguard Intermediate-Term B	0.54%	38,879	$2.9M	Reduce -27.8%
VOO Vanguard S&P 500 ETF	0.51%	5,430	$2.7M	Add +1148.3%
GOOGL Alphabet Inc. Class A	0.50%	14,703	$2.7M	Reduce -7.6%
AAPL Apple Inc.	0.44%	11,300	$2.4M	Reduce -26.5%
SPMD SS SPDR P S&P 400 Midcap ETF	0.36%	37,326	$1.9M	Add +7.0%
FNDA Schwab Fndmntl US SM Co. ETF	0.34%	33,322	$1.8M	Add +4.3%
MDY State Street SPDR S&P Midcap	0.34%	3,378	$1.8M	Reduce -0.2%
MA Mastercard Inc. Class A	0.34%	4,092	$1.8M	Reduce -4.1%
GEM Goldman Sachs Activebeta Em	0.33%	53,564	$1.7M	Reduce -1.3%
EMB iShares JP Morgan Usd Emergi	0.33%	19,754	$1.7M	Add +12.4%
FDX FedEx Corp.	0.32%	5,766	$1.7M	Reduce -2.0%
IVV iShares Core S&P 500 ETF	0.29%	2,832	$1.5M	Reduce -9.2%
GBIL Goldman Sachs Access Treasur	0.26%	14,142	$1.4M	Reduce -9.8%
VTV Vanguard Mrngstr Val ETF-Aui	0.26%	8,769	$1.4M	Reduce -3.1%
TSLA Tesla Inc.	0.25%	6,770	$1.3M	Reduce -1.6%
VCSH Vanguard S/T Corp. Bond ETF	0.25%	17,266	$1.3M	Reduce -6.4%
VIG Vanguard Dividend Apprec ETF	0.24%	6,941	$1.3M	Reduce -0.5%
MSFT Microsoft Corp.	0.23%	2,810	$1.3M	Reduce -14.5%
BRK.A Berkshire Hathaway Inc. Class A	0.23%	2	$1.2M	No change
YUM Yum! Brands Inc.	0.23%	9,243	$1.2M	Reduce -7.6%
IYY iShares Dow Jones U.S. ETF	0.22%	8,850	$1.2M	No change
SCHM Schwab US Mid Cap ETF	0.20%	13,773	$1.1M	Reduce -1.0%
MCHI iShares MSCI China ETF	0.18%	22,591	$953K	Reduce -16.8%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	0.18%	2,425	$948K	Reduce -0.0%
NFLX Netflix Inc.	0.16%	1,250	$844K	Reduce -0.3%
ACWI iShares MSCI Acwi ETF	0.15%	7,140	$803K	New
NSC Norfolk Southern Corp.	0.14%	3,622	$778K	Reduce -12.1%
PG The Procter & Gamble Co.	0.14%	4,639	$765K	Reduce -2.0%
WMT Walmart Inc.	0.14%	11,287	$764K	Reduce -4.7%
NUBD Nuveen ESG US Aggregate Bond	0.12%	29,787	$650K	Add +2.1%
AIVL Wisdomtree US AI Enhanced Va	0.12%	6,508	$649K	Reduce -7.4%
XOM Exxon Mobil Corp.	0.12%	5,596	$644K	Add +5.5%
GOOG Alphabet Inc. Class C	0.12%	3,469	$636K	Reduce -16.8%
IVE iShares S&P 500 Value ETF	0.12%	3,405	$620K	No change
JNJ Johnson & Johnson	0.11%	4,175	$610K	Reduce -1.9%
FNDF Schwab Fndmn Intl LRG Co. ETF	0.11%	16,655	$583K	Reduce -0.1%
IBB iShares Biotechnology ETF	0.11%	4,133	$567K	No change
AMZN Amazon.com Inc.	0.10%	2,903	$561K	Add +0.7%
VO Vngrd Mrngstr MD-Cap ETF-Usd	0.10%	2,268	$549K	No change
AVSU Avantis Resp US Equity ETF	0.10%	8,848	$546K	Add +120.9%
SCHZ Schwab US Aggregate Bond ETF	0.10%	11,614	$529K	Add +23.3%
IWB iShares Russell 1000 ETF	0.09%	1,688	$502K	No change
MOTE Vaneck Morningstar ESG Moat	0.09%	18,420	$484K	Add +2.1%
PTRB Pgim Total Return Bond ETF	0.09%	11,451	$472K	Add +100.2%
ESGD iShares Trust iShares ESG Aw	0.08%	5,641	$444K	Reduce -17.5%
SPTM SS SPDR P S&P 1500 Comp ETF	0.08%	6,556	$435K	Reduce -2.1%
TSCO Tractor Supply Company	0.08%	1,504	$406K	No change
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.07%	4,004	$398K	Add +14.8%
CNI Canadian Natl Railway Co.	0.07%	3,351	$396K	No change
MKC McCormick & Co.-Non VTG SHRS	0.07%	5,469	$388K	No change
SCHA Schwab US Small-Cap ETF	0.07%	7,759	$368K	Reduce -3.1%
AXP American Express Co.	0.07%	1,579	$366K	No change
HD Home Depot Inc.	0.07%	1,062	$366K	Reduce -22.0%
NULG Nuveen ESG LRG-Cap GRW ETF	0.07%	4,346	$353K	Reduce -8.0%
SCHV Schwab US Large-Cap Value	0.07%	4,729	$350K	Reduce -12.2%
UNH Unitedhealth Group Inc.	0.06%	642	$327K	Reduce -16.0%
QCOM Qualcomm Inc.	0.06%	1,631	$325K	No change
ISTB iShares Core 1-5 Year Usd Bo	0.06%	6,736	$319K	No change
BILS SS Spdrb B 3-12M T-Bill ETF	0.05%	2,956	$294K	Reduce -97.8%
SPYG SS SPDR P S&P 500 Growth ETF	0.05%	3,659	$293K	No change
DLN Wisdomtree US Largecap Divid	0.05%	4,028	$293K	Reduce -1.2%
NULV Nuveen ESG Large-Cap Val ETF	0.05%	7,497	$283K	Reduce -46.4%
IWF iShares Russell 1000 Growth	0.05%	772	$281K	Reduce -1.7%
AVSD Avantis Reps Intern Equi ETF	0.05%	4,938	$274K	Add +0.3%
PEP Pepsico Inc.	0.05%	1,559	$257K	Add +2.4%
PFE Pfizer Inc.	0.05%	9,176	$257K	Add +1.0%
SUSA iShares ESG Optimized MSCI U	0.05%	2,266	$255K	Reduce -2.6%
MRK Merck & Co. Inc.	0.05%	2,054	$254K	Reduce -17.7%
SUSB iShares ESG Aware 1-5 Year U	0.05%	10,256	$251K	Reduce -1.2%
LOW Lowe's Cos Inc.	0.05%	1,108	$244K	Add +0.2%
ILCG iShares Morningstar Growth E	0.04%	2,962	$241K	Reduce -3.2%
AMGN Amgen Inc.	0.04%	724	$226K	Reduce -1.4%

Show all 106 holdings

Portfolio Sells Q1 2024 → Q2 2024


BILS SS Spdrb B 3-12M T-Bill ETF	Reduce -97.8%	0.05%	−2.58
MOAT Vaneck Morningstar Wide Moat	Reduce -0.7%	8.74%	−0.83
GNMA iShares Gnma Bond ETF	Reduce -24.4%	1.63%	−0.65
FNDX Schwab Fndmntl US LRG Co. ETF	Reduce -0.0%	10.00%	−0.55
GSLC Goldman Activebeta US LC ETF	Reduce -3.7%	7.29%	−0.41
BIV Vanguard Intermediate-Term B	Reduce -27.8%	0.54%	−0.25
SCHF Schwab Intl Equity ETF	Reduce -4.1%	1.49%	−0.16
AAPL Apple Inc.	Reduce -26.5%	0.44%	−0.07
MA Mastercard Inc. Class A	Reduce -4.1%	0.34%	−0.06
NSC Norfolk Southern Corp.	Reduce -12.1%	0.14%	−0.06
VTEB Vanguard Tax-Exempt Bond ETF	Reduce -0.6%	0.88%	−0.06
NULV Nuveen ESG Large-Cap Val ETF	Reduce -46.4%	0.05%	−0.05
RWL Invesco S&P 500 Revenue ETF	Reduce -2.8%	0.58%	−0.05
GBIL Goldman Sachs Access Treasur	Reduce -9.8%	0.26%	−0.05
YUM Yum! Brands Inc.	Reduce -7.6%	0.23%	−0.04
V Visa Inc. Class A	Sold out	0.00%	−0.04
AZO AutoZone Inc.	Sold out	0.00%	−0.04
MSFT Microsoft Corp.	Reduce -14.5%	0.23%	−0.04
HD Home Depot Inc.	Reduce -22.0%	0.07%	−0.03
MCHI iShares MSCI China ETF	Reduce -16.8%	0.18%	−0.03
IVV iShares Core S&P 500 ETF	Reduce -9.2%	0.29%	−0.03
MDY State Street SPDR S&P Midcap	Reduce -0.2%	0.34%	−0.03
VCSH Vanguard S/T Corp. Bond ETF	Reduce -6.4%	0.25%	−0.03
VTV Vanguard Mrngstr Val ETF-Aui	Reduce -3.1%	0.26%	−0.03
ESGD iShares Trust iShares ESG Aw	Reduce -17.5%	0.08%	−0.02
SCHM Schwab US Mid Cap ETF	Reduce -1.0%	0.20%	−0.02
AIVL Wisdomtree US AI Enhanced Va	Reduce -7.4%	0.12%	−0.02
JNJ Johnson & Johnson	Reduce -1.9%	0.11%	−0.02
MRK Merck & Co. Inc.	Reduce -17.7%	0.05%	−0.02
SCHV Schwab US Large-Cap Value	Reduce -12.2%	0.07%	−0.01
UNH Unitedhealth Group Inc.	Reduce -16.0%	0.06%	−0.01
VIG Vanguard Dividend Apprec ETF	Reduce -0.5%	0.24%	−0.01
DIA SS SPDR Dow Jones Indus Avg	Reduce -0.0%	0.18%	−0.01
FDX FedEx Corp.	Reduce -2.0%	0.32%	−0.01
SCHA Schwab US Small-Cap ETF	Reduce -3.1%	0.07%	−0.01
PG The Procter & Gamble Co.	Reduce -2.0%	0.14%	−0.01
FNDF Schwab Fndmn Intl LRG Co. ETF	Reduce -0.1%	0.11%	−0.01
GEM Goldman Sachs Activebeta Em	Reduce -1.3%	0.33%	−0.01
JPM JPMorgan Chase & Co.	Reduce -9.1%	0.04%	−0.01
GOOG Alphabet Inc. Class C	Reduce -16.8%	0.12%	−0.01
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -0.1%	0.63%	−0.00
NULG Nuveen ESG LRG-Cap GRW ETF	Reduce -8.0%	0.07%	−0.00
XLG Invesco S&P 500 Top 50 ETF	Reduce -12.4%	0.04%	−0.00
SPTM SS SPDR P S&P 1500 Comp ETF	Reduce -2.1%	0.08%	−0.00
DLN Wisdomtree US Largecap Divid	Reduce -1.2%	0.05%	−0.00
SUSB iShares ESG Aware 1-5 Year U	Reduce -1.2%	0.05%	−0.00
SUSA iShares ESG Optimized MSCI U	Reduce -2.6%	0.05%	−0.00
VUG Vanguard Mrngstar GR ETF-Sui	Reduce -3.6%	0.65%	−0.00
ILCG iShares Morningstar Growth E	Reduce -3.2%	0.04%	−0.00
IWF iShares Russell 1000 Growth	Reduce -1.7%	0.05%	+0.00

Portfolio Buys Q1 2024 → Q2 2024


FNDC Schwab Fndmnt Intl SM Eq ETF	Add +336.6%	3.04%	+2.29
QLTY GMO U.S. Quality ETF	Add +428.3%	1.94%	+1.57
IJR iShares Core S&P Small-Cap E	Add +42.4%	3.98%	+0.94
MBB iShares MBS ETF	Add +45.9%	2.19%	+0.61
VOO Vanguard S&P 500 ETF	Add +1148.3%	0.51%	+0.47
PYLD PIMCO Multisector Bond Actv	Add +19.7%	3.75%	+0.45
MCH Matthews China Active ETF	Add +30.0%	1.70%	+0.36
BSV Vanguard Short-Term Bond ETF	Add +10.7%	3.26%	+0.17
ACWI iShares MSCI Acwi ETF	New	0.15%	+0.15
FNDE Schwab Fndmntl Em MRK Eq ETF	Add +0.8%	3.17%	+0.08
AVSU Avantis Resp US Equity ETF	Add +120.9%	0.10%	+0.05
PTRB Pgim Total Return Bond ETF	Add +100.2%	0.09%	+0.04
NVDA Nvidia Corp.	New	0.04%	+0.04
IUSG iShares Core S&P U.S. Growth	New	0.04%	+0.04
ESGE iShares Inc. iShares ESG Awar	New	0.04%	+0.04
EMB iShares JP Morgan Usd Emergi	Add +12.4%	0.33%	+0.02
SCHZ Schwab US Aggregate Bond ETF	Add +23.3%	0.10%	+0.01
AMZN Amazon.com Inc.	Add +0.7%	0.10%	+0.00
XOM Exxon Mobil Corp.	Add +5.5%	0.12%	−0.00
PFE Pfizer Inc.	Add +1.0%	0.05%	−0.00
AVSD Avantis Reps Intern Equi ETF	Add +0.3%	0.05%	−0.00
NUBD Nuveen ESG US Aggregate Bond	Add +2.1%	0.12%	−0.00
PEP Pepsico Inc.	Add +2.4%	0.05%	−0.00
BOND PIMCO Active Bond Exchange-T	Add +5.6%	3.83%	−0.01
MOTE Vaneck Morningstar ESG Moat	Add +2.1%	0.09%	−0.01
SPMD SS SPDR P S&P 400 Midcap ETF	Add +7.0%	0.36%	−0.01
STIP iShares 0-5 Year Tips Bond E	Add +4.5%	4.42%	−0.01
DIS The Walt Disney Co.	Add +14.8%	0.07%	−0.01
LOW Lowe's Cos Inc.	Add +0.2%	0.05%	−0.01
SMMU PIMCO SHRT TRM Muni BND ETF	Add +3.5%	0.72%	−0.01
FNDA Schwab Fndmntl US SM Co. ETF	Add +4.3%	0.34%	−0.01
STPZ PIMCO 1-5 Year US Tips Index	Add +3.3%	1.41%	−0.02
MUNI PIMCO Intermediate Municipal	Add +2.3%	0.82%	−0.03
AVDE Avantis International Equity	Add +0.3%	0.83%	−0.06
IJH iShares Core S&P Midcap ETF	Add +2.1%	2.66%	−0.18
BRK.B Berkshire Hathaway Inc. Class B	Add +1.2%	2.52%	−0.18
GSIE Goldman Sachs Activebeta Int	Add +0.0%	5.93%	−0.40

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