Kelman-Lazarov, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 27, 2026), Kelman-Lazarov, Inc. reported 140 stock positions worth $697.6 million. Its top holding was Schwab Fndmntl US LRG Co. ETF (FNDX) at 9.5% of the portfolio, followed by Schwab US Large-Cap Growth (SCHG, 7.8%) and Vaneck Morningstar Wide Moat (MOAT, 7.8%). Compared with Q4 2025, it opened 11 new positions, sold out of 5, added to 68 and reduced 46. The biggest buy was Avantis International Equity (AVDE, shares +9%) and the biggest sale Goldman Activebeta US LC ETF (GSLC, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0001672067
- Portfolio Value
- $697.6M (Q1 2026)
- SEC Filing
- 0001398344-26-007296 ↗ filed Apr 27, 2026
Holdings Value
Holdings 140 stocks · $697.6M
| FNDX Schwab Fndmntl US LRG Co. ETF | 9.47% | 2,371,188 | $66.0M | Add +0.6% |
| SCHG Schwab US Large-Cap Growth | 7.81% | 1,870,926 | $54.5M | Add +2.0% |
| MOAT Vaneck Morningstar Wide Moat | 7.78% | 561,025 | $54.3M | Add +0.9% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 4.62% | 421,242 | $32.2M | Add +2.8% |
| STIP iShares 0-5 Year Tips Bond E | 4.62% | 311,471 | $32.2M | Add +2.8% |
| AVDE Avantis International Equity | 4.31% | 354,431 | $30.1M | Add +8.6% |
| SCHX Schwab US Large-Cap ETF | 3.79% | 1,032,101 | $26.5M | Add +1.2% |
| IJR iShares Core S&P Small-Cap E | 3.78% | 212,193 | $26.4M | Add +1.4% |
| GSLC Goldman Activebeta US LC ETF | 3.70% | 206,054 | $25.8M | Reduce -3.5% |
| BOND PIMCO Active Bond Exchange-T | 3.47% | 262,289 | $24.2M | Add +0.8% |
| MBB iShares MBS ETF | 3.40% | 249,955 | $23.7M | Add +2.3% |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 3.30% | 496,936 | $23.0M | Add +4.6% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 3.26% | 594,759 | $22.8M | Reduce -2.1% |
| BSV Vanguard Short-Term Bond ETF | 3.00% | 267,060 | $20.9M | Add +0.3% |
| GSIE Goldman Sachs Activebeta Int | 2.80% | 453,455 | $19.6M | Reduce -3.2% |
| IJH iShares Core S&P Midcap ETF | 2.73% | 281,560 | $19.0M | Add +3.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.21% | 32,124 | $15.4M | Reduce -0.4% |
| QLTY GMO U.S. Quality ETF | 1.97% | 380,573 | $13.8M | Add +4.0% |
| PYLD PIMCO Multisector Bond Actv | 1.87% | 498,134 | $13.1M | Reduce -1.1% |
| SCHF Schwab Intl Equity ETF | 1.33% | 375,677 | $9.3M | Reduce -5.8% |
| SMMU PIMCO SHRT TRM Muni BND ETF | 1.17% | 161,103 | $8.1M | Add +16.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.06% | 16,959 | $7.4M | Add +5.7% |
| STPZ PIMCO 1-5 Year US Tips Index | 1.01% | 130,364 | $7.1M | Reduce -3.5% |
| AVEM Avantis Emerging Markets Eq | 0.78% | 67,140 | $5.4M | Reduce -4.5% |
| MUNI PIMCO Intermediate Municipal | 0.67% | 89,347 | $4.7M | Add +9.1% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.60% | 83,338 | $4.2M | Add +3.8% |
| GOOGL Alphabet Inc. Class A | 0.56% | 13,518 | $3.9M | Add +1.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.55% | 5,924 | $3.9M | Reduce -1.3% |
| RWL Invesco S&P 500 Revenue ETF | 0.54% | 32,518 | $3.7M | Reduce -0.4% |
| AVDS Avantis Intl SM Cap Eq ETF | 0.51% | 49,358 | $3.5M | Reduce -0.2% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.51% | 11,826 | $3.5M | Add +0.5% |
| VCRM Vanguard Core Tax-Ex Bond | 0.49% | 45,400 | $3.4M | Add +10.1% |
| AAPL Apple Inc. | 0.47% | 13,053 | $3.3M | Reduce -0.3% |
| PTRB Pgim Total Return Bond ETF | 0.47% | 78,482 | $3.3M | Add +20.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.44% | 15,777 | $3.1M | Add +1.6% |
| BIV Vanguard Intermediate-Term B | 0.42% | 38,355 | $3.0M | Reduce -9.8% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.32% | 68,219 | $2.2M | Reduce -1.7% |
| MA Mastercard Inc. Class A | 0.29% | 4,038 | $2.0M | Reduce -0.2% |
| MDY State Street SPDR S&P Midcap | 0.27% | 3,039 | $1.9M | Reduce -1.6% |
| SCHA Schwab US Small-Cap ETF | 0.27% | 64,394 | $1.9M | Reduce -0.3% |
| IVV iShares Core S&P 500 ETF | 0.25% | 2,703 | $1.8M | Add +4.1% |
| VOO Vanguard S&P 500 ETF | 0.24% | 2,832 | $1.7M | Reduce -1.3% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.24% | 28,125 | $1.7M | Reduce -4.3% |
| VIG Vanguard Dividend Apprec ETF | 0.23% | 7,622 | $1.6M | Add +0.1% |
| WMT Walmart Inc. | 0.23% | 12,877 | $1.6M | Add +4.7% |
| MSFT Microsoft Corp. | 0.23% | 4,239 | $1.6M | Reduce -16.2% |
| AVSU Avantis Resp US Equity ETF | 0.22% | 21,059 | $1.6M | Add +7.8% |
| SCHM Schwab US Mid Cap ETF | 0.22% | 50,238 | $1.6M | Reduce -3.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.21% | 2 | $1.4M | No change |
| IYY iShares Dow Jones U.S. ETF | 0.20% | 8,850 | $1.4M | Reduce -0.2% |
| DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND | 0.20% | 2,992 | $1.4M | Add +7.7% |
| SPAB SS SPDR P Agg Bond ETF | 0.19% | 51,441 | $1.3M | Add +8.6% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.18% | 26,793 | $1.2M | Add +18.6% |
| GOOG Alphabet Inc. Class C | 0.17% | 4,112 | $1.2M | Add +5.9% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.17% | 14,832 | $1.2M | Reduce -11.0% |
| GNMA iShares Gnma Bond ETF | 0.16% | 25,682 | $1.1M | Reduce -29.0% |
| NFLX Netflix Inc. | 0.16% | 11,657 | $1.1M | Add +4.4% |
| FDX FedEx Corp. | 0.16% | 3,116 | $1.1M | Reduce -13.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.16% | 1,879 | $1.1M | Add +72.7% |
| AVUS Avantis U.S. Equity ETF | 0.15% | 9,243 | $1.0M | New |
| AVLV Avantis US Large Cap Value | 0.15% | 12,743 | $1.0M | Add +1.4% |
| IWF iShares Russell 1000 Growth | 0.14% | 2,360 | $1.0M | Reduce -0.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.14% | 3,304 | $949K | Add +0.1% |
| NVDA Nvidia Corp. | 0.13% | 5,283 | $921K | Add +21.9% |
| YUM Yum! Brands Inc. | 0.13% | 5,906 | $918K | Reduce -4.7% |
| JNJ Johnson & Johnson | 0.13% | 3,664 | $896K | Add +11.6% |
| AVDV Avantis Intl S/C Value ETF | 0.12% | 8,674 | $866K | Add +11.9% |
| IWD iShares Russell 1000 Value E | 0.12% | 4,019 | $859K | Reduce -0.8% |
| IWB iShares Russell 1000 ETF | 0.12% | 2,403 | $857K | No change |
| PG The Procter & Gamble Co. | 0.12% | 5,919 | $855K | Add +4.3% |
| VSDM Vanguard Short Tax-Ex Bond | 0.12% | 10,542 | $804K | Add +2.8% |
| IEFA iShares Core MSCI Eafe ETF | 0.11% | 8,731 | $790K | Reduce -8.1% |
| NSC Norfolk Southern Corp. | 0.11% | 2,753 | $790K | Reduce -2.7% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.11% | 16,102 | $788K | No change |
| MINO PIMCO Municipal Income Oppor | 0.11% | 16,697 | $754K | No change |
| TSLA Tesla Inc. | 0.11% | 2,019 | $751K | Add +4.3% |
| AMZN Amazon.com Inc. | 0.11% | 3,569 | $743K | Add +0.5% |
| AIVL Wisdomtree US AI Enhanced Va | 0.11% | 6,399 | $740K | Reduce -0.3% |
| IVE iShares S&P 500 Value ETF | 0.10% | 3,419 | $722K | No change |
| IWR iShares Russell Mid-Cap ETF | 0.10% | 7,283 | $708K | Reduce -21.4% |
| NUBD Nuveen ESG US Aggregate Bond | 0.10% | 31,162 | $692K | Add +2.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.10% | 2,616 | $685K | Add +9.8% |
| EFG iShares MSCI Eafe Growth ETF | 0.08% | 5,295 | $590K | No change |
| IWM iShares Russell 2000 ETF | 0.08% | 2,346 | $582K | Add +29.3% |
| IBB iShares Biotechnology ETF | 0.08% | 3,257 | $550K | Reduce -4.0% |
| GEM Goldman Sachs Activebeta Em | 0.08% | 12,200 | $527K | No change |
| AXP American Express Co. | 0.07% | 1,657 | $501K | Reduce -5.3% |
| PEP Pepsico Inc. | 0.07% | 3,201 | $497K | Reduce -4.5% |
| SCHZ Schwab US Aggregate Bond ETF | 0.07% | 21,103 | $490K | Add +1.2% |
| PM Philip Morris International | 0.07% | 2,942 | $486K | Add +1.4% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.07% | 6,089 | $481K | Add +0.1% |
| EPS Wisdomtree US Large Cap Fund | 0.06% | 6,495 | $442K | Add +66.7% |
| AMGN Amgen Inc. | 0.06% | 1,239 | $436K | Add +1.5% |
| XOM Exxon Mobil Corp. | 0.06% | 2,565 | $435K | Add +14.9% |
| MRK Merck & Co. Inc. | 0.06% | 3,542 | $426K | Reduce -1.8% |
| JPM JPMorgan Chase & Co. | 0.06% | 1,431 | $421K | Add +15.0% |
| AVSD Avantis Reps Intern Equi ETF | 0.06% | 5,687 | $419K | Add +31.3% |
| HD Home Depot Inc. | 0.06% | 1,231 | $405K | Add +6.7% |
| AVGO Broadcom Inc. | 0.05% | 1,231 | $381K | Reduce -35.2% |
| GDE Wisdomtree Efficient Gold PL | 0.05% | 6,004 | $378K | Add +71.6% |
Portfolio Sells Q4 2025 → Q1 2026
| GSLC Goldman Activebeta US LC ETF | Reduce -3.5% | 3.70% | −0.34 |
| SRCE 1ST Source Corp. | Sold out | 0.00% | −0.21 |
| MSFT Microsoft Corp. | Reduce -16.2% | 0.23% | −0.12 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.4% | 2.21% | −0.11 |
| GSIE Goldman Sachs Activebeta Int | Reduce -3.2% | 2.80% | −0.07 |
| GNMA iShares Gnma Bond ETF | Reduce -29.0% | 0.16% | −0.07 |
| PYLD PIMCO Multisector Bond Actv | Reduce -1.1% | 1.87% | −0.05 |
| BIV Vanguard Intermediate-Term B | Reduce -9.8% | 0.42% | −0.05 |
| XLK SS Technology Select Sector | Sold out | 0.00% | −0.04 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -0.2% | 0.29% | −0.04 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.04 |
| AVGO Broadcom Inc. | Reduce -35.2% | 0.05% | −0.04 |
| SCHF Schwab Intl Equity ETF | Reduce -5.8% | 1.33% | −0.04 |
| AAPL Apple Inc. | Reduce -0.3% | 0.47% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.3% | 0.55% | −0.03 |
| MMM 3M Co. | Sold out | 0.00% | −0.03 |
| GBIL Goldman Sachs Access Treasur | Reduce -37.7% | 0.05% | −0.03 |
| IWR iShares Russell Mid-Cap ETF | Reduce -21.4% | 0.10% | −0.03 |
| STPZ PIMCO 1-5 Year US Tips Index | Reduce -3.5% | 1.01% | −0.02 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -11.0% | 0.17% | −0.02 |
| AXP American Express Co. | Reduce -5.3% | 0.07% | −0.02 |
| IWF iShares Russell 1000 Growth | Reduce -0.3% | 0.14% | −0.02 |
| VOO Vanguard S&P 500 ETF | Reduce -1.3% | 0.24% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -3.8% | 0.03% | −0.01 |
| ESGD iShares Trust iShares ESG Aw | Reduce -19.4% | 0.05% | −0.01 |
| DIS The Walt Disney Co. | Reduce -3.8% | 0.05% | −0.01 |
| IYY iShares Dow Jones U.S. ETF | Reduce -0.2% | 0.20% | −0.01 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -8.1% | 0.11% | −0.01 |
| SCHV Schwab US Large-Cap Value | Reduce -13.9% | 0.05% | −0.01 |
| NULG Nuveen ESG LRG-Cap GRW ETF | Reduce -0.5% | 0.05% | −0.00 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -4.3% | 0.24% | −0.00 |
| SUSA iShares ESG Optimized MSCI U | Reduce -2.1% | 0.05% | −0.00 |
| NSC Norfolk Southern Corp. | Reduce -2.7% | 0.11% | −0.00 |
| IBB iShares Biotechnology ETF | Reduce -4.0% | 0.08% | −0.00 |
| YUM Yum! Brands Inc. | Reduce -4.7% | 0.13% | −0.00 |
| SCHM Schwab US Mid Cap ETF | Reduce -3.9% | 0.22% | −0.00 |
| NUSC Nuveen ESG Small-Cap ETF | Reduce -0.4% | 0.04% | +0.00 |
| AIVL Wisdomtree US AI Enhanced Va | Reduce -0.3% | 0.11% | +0.00 |
| AVSE Avantis Resp Emerg MKTS Eq-E | Reduce -0.4% | 0.04% | +0.00 |
| IWD iShares Russell 1000 Value E | Reduce -0.8% | 0.12% | +0.00 |
| RWL Invesco S&P 500 Revenue ETF | Reduce -0.4% | 0.54% | +0.00 |
| AVEM Avantis Emerging Markets Eq | Reduce -4.5% | 0.78% | +0.00 |
| MDY State Street SPDR S&P Midcap | Reduce -1.6% | 0.27% | +0.00 |
| PEP Pepsico Inc. | Reduce -4.5% | 0.07% | +0.00 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -1.7% | 0.32% | +0.00 |
| SCHA Schwab US Small-Cap ETF | Reduce -0.3% | 0.27% | +0.01 |
| MRK Merck & Co. Inc. | Reduce -1.8% | 0.06% | +0.01 |
| FDX FedEx Corp. | Reduce -13.0% | 0.16% | +0.01 |
| AVDS Avantis Intl SM Cap Eq ETF | Reduce -0.2% | 0.51% | +0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| AVDE Avantis International Equity | Add +8.6% | 4.31% | +0.47 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +0.6% | 9.47% | +0.31 |
| FNDC Schwab Fndmnt Intl SM Eq ETF | Add +4.6% | 3.30% | +0.28 |
| IJR iShares Core S&P Small-Cap E | Add +1.4% | 3.78% | +0.19 |
| STIP iShares 0-5 Year Tips Bond E | Add +2.8% | 4.62% | +0.19 |
| SMMU PIMCO SHRT TRM Muni BND ETF | Add +16.6% | 1.17% | +0.17 |
| IJH iShares Core S&P Midcap ETF | Add +3.2% | 2.73% | +0.15 |
| AVUS Avantis U.S. Equity ETF | New | 0.15% | +0.15 |
| MBB iShares MBS ETF | Add +2.3% | 3.40% | +0.08 |
| PTRB Pgim Total Return Bond ETF | Add +20.5% | 0.47% | +0.08 |
| QQQ Invesco QQQ Trust Series 1 | Add +72.7% | 0.16% | +0.06 |
| MUNI PIMCO Intermediate Municipal | Add +9.1% | 0.67% | +0.06 |
| COST Costco Wholesale Corp. | New | 0.04% | +0.04 |
| RFV Invesco S&P Midcap 400 Pure | New | 0.04% | +0.04 |
| BOXX Alpha Architect 1-3 MNTH Box | New | 0.04% | +0.04 |
| VCRM Vanguard Core Tax-Ex Bond | Add +10.1% | 0.49% | +0.04 |
| LLY Eli Lilly & Co. | New | 0.04% | +0.04 |
| IWN iShares Russell 2000 Value E | New | 0.04% | +0.04 |
| COP Conocophillips | New | 0.03% | +0.03 |
| WMT Walmart Inc. | Add +4.7% | 0.23% | +0.03 |
| PCG P G & E Corp. | New | 0.03% | +0.03 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +18.6% | 0.18% | +0.03 |
| JNJ Johnson & Johnson | Add +11.6% | 0.13% | +0.03 |
| TJX TJX Companies Inc. | New | 0.03% | +0.03 |
| FDL First Trust Morn DVD Lead Inc. | New | 0.03% | +0.03 |
| CB Chubb Ltd. | New | 0.03% | +0.03 |
| XOM Exxon Mobil Corp. | Add +14.9% | 0.06% | +0.02 |
| EPS Wisdomtree US Large Cap Fund | Add +66.7% | 0.06% | +0.02 |
| GDE Wisdomtree Efficient Gold PL | Add +71.6% | 0.05% | +0.02 |
| AVDV Avantis Intl S/C Value ETF | Add +11.9% | 0.12% | +0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +1.6% | 0.44% | +0.02 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +3.8% | 0.60% | +0.02 |
| IWM iShares Russell 2000 ETF | Add +29.3% | 0.08% | +0.02 |
| NVDA Nvidia Corp. | Add +21.9% | 0.13% | +0.02 |
| SPAB SS SPDR P Agg Bond ETF | Add +8.6% | 0.19% | +0.01 |
| AVSD Avantis Reps Intern Equi ETF | Add +31.3% | 0.06% | +0.01 |
| AVLV Avantis US Large Cap Value | Add +1.4% | 0.15% | +0.01 |
| NFLX Netflix Inc. | Add +4.4% | 0.16% | +0.01 |
| MU Micron Technology Inc. | Add +14.8% | 0.04% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +9.8% | 0.10% | +0.01 |
| AVSU Avantis Resp US Equity ETF | Add +7.8% | 0.22% | +0.01 |
| BOND PIMCO Active Bond Exchange-T | Add +0.8% | 3.47% | +0.01 |
| DIA SS SPDR Dow Jones Indus Avg | Add +7.7% | 0.20% | +0.01 |
| PG The Procter & Gamble Co. | Add +4.3% | 0.12% | +0.01 |
| AMGN Amgen Inc. | Add +1.5% | 0.06% | +0.01 |
| BSV Vanguard Short-Term Bond ETF | Add +0.3% | 3.00% | +0.00 |
| PM Philip Morris International | Add +1.4% | 0.07% | +0.00 |
| VSDM Vanguard Short Tax-Ex Bond | Add +2.8% | 0.12% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +15.0% | 0.06% | +0.00 |
| NUBD Nuveen ESG US Aggregate Bond | Add +2.4% | 0.10% | +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 |