Lutz Financial Services LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), Lutz Financial Services LLC reported 95 stock positions worth $1.2 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 10.3% of the portfolio, followed by SS SPDR P S&P 500 Value ETF (SPYV, 9.2%) and iShares Core S&P Midcap ETF (IJH, 7.0%). Compared with Q4 2024, it opened 4 new positions, sold out of 1, added to 28 and reduced 44. The biggest buy was Vanguard Total Bond Market (BND, shares +3%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −2%).

Most Recent 13F
Q2 2026
Location
OMAHA, NE
CIK
0001737112
Portfolio Value
$1.2B (Q1 2025)
SEC Filing
0001737112-25-000005 ↗ filed May 7, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.1B Q1 2024 Q2 2024: $1.1B Q2 2024 Q3 2024: $1.2B Q3 2024 Q4 2024: $1.2B Q4 2024 Q1 2025: $1.2B $1.2B Q1 2025 Q2 2025: $1.3B Q2 2025 Q3 2025: $1.4B Q3 2025 Q4 2025: $1.5B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.6B Q2 2026

Holdings 95 stocks · $1.2B
VOO Vanguard S&P 500 ETF 10.25% 243,585 $125.2M Reduce -1.7%
SPYV SS SPDR P S&P 500 Value ETF 9.23% 2,207,949 $112.8M Reduce -0.2%
IJH iShares Core S&P Midcap ETF 6.97% 1,458,552 $85.1M Add +0.9%
BND Vanguard Total Bond Market 6.94% 1,153,161 $84.7M Add +3.0%
VTEB Vanguard Tax-Exempt Bond ETF 5.99% 1,473,046 $73.1M Add +5.2%
MDYV SS SPDR S&P 400 MC Val ETF 4.44% 703,995 $54.2M Add +1.3%
VCSH Vanguard S/T Corp. Bond ETF 4.40% 681,120 $53.8M Add +1.1%
SCHP Schwab U.S. Tips ETF 4.14% 1,882,325 $50.6M Add +3.2%
MBB iShares MBS ETF 3.70% 481,599 $45.2M Add +5.8%
SPY SS SPDR S&P 500 ETF Trust-US 3.37% 73,497 $41.1M Reduce -1.3%
MUB iShares National Muni Bond E 2.55% 295,299 $31.1M Reduce -7.0%
DFAC Dimensional US Core Equity 2 2.18% 806,677 $26.6M Add +4.3%
IGSB iShares 1-5Y Inv Grade Corp. 2.07% 483,099 $25.3M Add +0.3%
IVE iShares S&P 500 Value ETF 1.81% 116,290 $22.2M Reduce -1.6%
AGG iShares Core U.S. Aggregate 1.76% 217,103 $21.5M Reduce -2.2%
DFIC Dimensional International Co. 1.69% 741,577 $20.6M Add +6.5%
IJR iShares Core S&P Small-Cap E 1.60% 186,663 $19.5M Reduce -0.2%
BSV Vanguard Short-Term Bond ETF 1.57% 245,344 $19.2M Reduce -0.3%
DUHP Dimensional US High Profi Et 1.35% 498,556 $16.5M Add +5.5%
TIP iShares Tips Bond ETF 1.24% 136,386 $15.2M Reduce -2.3%
IJJ iShares S&P Mid-Cap 400 Valu 1.19% 121,240 $14.5M Reduce -0.7%
SCHM Schwab US Mid Cap ETF 1.17% 546,684 $14.3M Reduce -3.3%
VOOV Vanguard S&P 500 Value ETF 1.14% 75,408 $13.9M Reduce -1.6%
DFAS Dimensional US Small Cap ETF 1.11% 226,426 $13.5M Reduce -1.4%
IVV iShares Core S&P 500 ETF 1.09% 23,707 $13.3M Reduce -4.5%
SCHX Schwab US Large-Cap ETF 1.06% 586,663 $13.0M Add +3.1%
SLYV SS SPDR S&P 600 SC Val ETF 1.04% 161,915 $12.7M Add +0.1%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.94% 71,785 $11.5M Reduce -1.9%
QUAL iShares MSCI USA Quality Fac 0.90% 64,335 $11.0M Reduce -4.4%
IVOV Vanguard S&P Mid-Cap 400 Val 0.89% 118,395 $10.9M Reduce -2.9%
IUSV iShares Core S&P U.S. Value 0.84% 111,322 $10.3M Reduce -1.8%
MDY State Street SPDR S&P Midcap 0.83% 19,111 $10.2M Reduce -0.5%
VTV Vanguard Mrngstr Val ETF-Aui 0.80% 56,465 $9.8M Add +3.1%
AVDE Avantis International Equity 0.78% 143,701 $9.5M Reduce -0.6%
SCHA Schwab US Small-Cap ETF 0.64% 332,165 $7.8M Add +1.2%
DFAT Dimensional US Target Value 0.60% 141,253 $7.3M Reduce -2.0%
STIP iShares 0-5 Year Tips Bond E 0.55% 65,429 $6.8M Add +10.0%
AVUV Avantis US Small Cap Value 0.53% 73,835 $6.4M Reduce -2.5%
DFEM Dimensional Emrg MRKT Core 0.47% 215,342 $5.7M Add +9.3%
DFUV Dimensional US Marketwide Va 0.45% 132,691 $5.5M Reduce -3.3%
SUB iShares Short-Term National 0.41% 47,909 $5.1M Reduce -6.1%
VTIP Vanguard Short-Term Tips 0.40% 98,113 $4.9M Reduce -6.9%
IEMG iShares Core MSCI Emerging 0.39% 87,370 $4.7M Reduce -1.9%
STPZ PIMCO 1-5 Year US Tips Index 0.38% 86,632 $4.7M Reduce -6.0%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.37% 24,235 $4.5M Reduce -1.5%
ISTB iShares Core 1-5 Year Usd Bo 0.36% 91,020 $4.4M Add +0.3%
IJS iShares S&P Small-Cap 600 Va 0.35% 44,190 $4.3M Add +0.3%
IWV iShares Russell 3000 ETF 0.34% 13,245 $4.2M Reduce -6.4%
VWO Vanguard Ftse Emerging Marke 0.30% 80,074 $3.6M Reduce -0.5%
BRK.B Berkshire Hathaway Inc. Class B 0.19% 4,410 $2.3M No change
VMBS Vanguard Mortgage-Backed Sec 0.14% 37,039 $1.7M Add +2.0%
VEA Vanguard Ftse Developed ETF 0.13% 31,596 $1.6M No change
VNQ Vanguard Real Estate ETF 0.13% 17,731 $1.6M Reduce -15.1%
AAPL Apple Inc. 0.12% 6,557 $1.5M Add +6.6%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.10% 33,753 $1.2M No change
NVDA Nvidia Corp. 0.10% 10,773 $1.2M Reduce -6.7%
MSFT Microsoft Corp. 0.09% 3,027 $1.1M Reduce -0.6%
DFIV Dimensional International Va 0.09% 28,558 $1.1M No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.08% 4,004 $1.0M Reduce -19.5%
VTI VG Morningstar TS MKT ETF-US 0.08% 3,535 $972K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.08% 3,591 $923K No change
BRK.A Berkshire Hathaway Inc. Class A 0.07% 1 $798K New
VIG Vanguard Dividend Apprec ETF 0.06% 3,760 $729K No change
IWM iShares Russell 2000 ETF 0.06% 3,647 $728K Reduce -2.1%
SCHG Schwab US Large-Cap Growth 0.06% 28,136 $705K Add +0.2%
IWD iShares Russell 1000 Value E 0.06% 3,685 $693K No change
AMZN Amazon.com Inc. 0.05% 3,377 $643K Add +2.7%
DLN Wisdomtree US Largecap Divid 0.05% 7,456 $592K No change
VB Vanguard Most SM-Cap ETF-Usd 0.05% 2,537 $563K Reduce -29.4%
SPMD SS SPDR P S&P 400 Midcap ETF 0.04% 10,337 $529K Reduce -38.4%
META Meta Platforms Inc. Class A 0.04% 816 $470K Add +5.4%
IWN iShares Russell 2000 Value E 0.03% 2,684 $405K Reduce -23.7%
GOOGL Alphabet Inc. Class A 0.03% 2,563 $396K Add +6.0%
VT Vanguard Tot World STK ETF 0.03% 3,315 $384K Reduce -3.9%
JPM JPMorgan Chase & Co. 0.03% 1,528 $375K Reduce -2.7%
ONEY SS SPDR R1000 Yield Foc ETF 0.03% 3,342 $365K No change
IWR iShares Russell Mid-Cap ETF 0.03% 4,068 $346K No change
VCIT Vanguard Int-Term Corporate 0.03% 4,084 $334K No change
GOOG Alphabet Inc. Class C 0.03% 2,131 $333K Add +6.7%
SCHF Schwab Intl Equity ETF 0.02% 14,938 $295K No change
AVDV Avantis Intl S/C Value ETF 0.02% 4,174 $291K No change
QEMM State Street SPDR MSCI Emerg 0.02% 5,015 $289K No change
EFA iShares MSCI Eafe ETF 0.02% 3,338 $273K Reduce -0.5%
ILCB iShares Morningstar U.S. Equ 0.02% 3,356 $259K No change
V Visa Inc. Class A 0.02% 730 $256K Add +2.8%
LLY Eli Lilly & Co. 0.02% 308 $254K Reduce -1.9%
QQQ Invesco QQQ Trust Series 1 0.02% 539 $253K No change
SPAB SS SPDR P Agg Bond ETF 0.02% 9,878 $252K New
SCHV Schwab US Large-Cap Value 0.02% 8,275 $220K No change
WMT Walmart Inc. 0.02% 2,504 $220K Reduce -0.6%
MA Mastercard Inc. Class A 0.02% 397 $218K Reduce -1.7%
EFV iShares MSCI Eafe Value ETF 0.02% 3,654 $215K New
IGIB iShares 5-10Y Inv Grade Corp. 0.02% 4,007 $210K No change
AVGO Broadcom Inc. 0.02% 1,219 $204K Add +8.3%
JNJ Johnson & Johnson 0.02% 1,213 $201K New

Portfolio Sells Q4 2024 → Q1 2025
VOO Vanguard S&P 500 ETF Reduce -1.7% 10.25% −0.54
MUB iShares National Muni Bond E Reduce -7.0% 2.55% −0.18
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.3% 3.37% −0.16
IJR iShares Core S&P Small-Cap E Reduce -0.2% 1.60% −0.14
DFAS Dimensional US Small Cap ETF Reduce -1.4% 1.11% −0.10
SCHM Schwab US Mid Cap ETF Reduce -3.3% 1.17% −0.09
IVV iShares Core S&P 500 ETF Reduce -4.5% 1.09% −0.09
QUAL iShares MSCI USA Quality Fac Reduce -4.4% 0.90% −0.07
AVUV Avantis US Small Cap Value Reduce -2.5% 0.53% −0.06
DFAT Dimensional US Target Value Reduce -2.0% 0.60% −0.05
MDY State Street SPDR S&P Midcap Reduce -0.5% 0.83% −0.05
IVOV Vanguard S&P Mid-Cap 400 Val Reduce -2.9% 0.89% −0.05
IJJ iShares S&P Mid-Cap 400 Valu Reduce -0.7% 1.19% −0.05
IWV iShares Russell 3000 ETF Reduce -6.4% 0.34% −0.04
SPMD SS SPDR P S&P 400 Midcap ETF Reduce -38.4% 0.04% −0.03
NVDA Nvidia Corp. Reduce -6.7% 0.10% −0.03
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -1.5% 0.37% −0.02
VB Vanguard Most SM-Cap ETF-Usd Reduce -29.4% 0.05% −0.02
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -19.5% 0.08% −0.02
SUB iShares Short-Term National Reduce -6.1% 0.41% −0.02
TSLA Tesla Inc. Sold out 0.00% −0.02
VNQ Vanguard Real Estate ETF Reduce -15.1% 0.13% −0.02
IWN iShares Russell 2000 Value E Reduce -23.7% 0.03% −0.01
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -1.9% 0.94% −0.01
VTIP Vanguard Short-Term Tips Reduce -6.9% 0.40% −0.01
MSFT Microsoft Corp. Reduce -0.6% 0.09% −0.01
IVE iShares S&P 500 Value ETF Reduce -1.6% 1.81% −0.01
IWM iShares Russell 2000 ETF Reduce -2.1% 0.06% −0.01
IUSV iShares Core S&P U.S. Value Reduce -1.8% 0.84% −0.01
STPZ PIMCO 1-5 Year US Tips Index Reduce -6.0% 0.38% −0.01
VOOV Vanguard S&P 500 Value ETF Reduce -1.6% 1.14% −0.01
DFUV Dimensional US Marketwide Va Reduce -3.3% 0.45% −0.01
VT Vanguard Tot World STK ETF Reduce -3.9% 0.03% −0.00
WMT Walmart Inc. Reduce -0.6% 0.02% −0.00
JPM JPMorgan Chase & Co. Reduce -2.7% 0.03% +0.00
MA Mastercard Inc. Class A Reduce -1.7% 0.02% +0.00
LLY Eli Lilly & Co. Reduce -1.9% 0.02% +0.00
EFA iShares MSCI Eafe ETF Reduce -0.5% 0.02% +0.00
IEMG iShares Core MSCI Emerging Reduce -1.9% 0.39% +0.01
VWO Vanguard Ftse Emerging Marke Reduce -0.5% 0.30% +0.01
AGG iShares Core U.S. Aggregate Reduce -2.2% 1.76% +0.02
BSV Vanguard Short-Term Bond ETF Reduce -0.3% 1.57% +0.04
TIP iShares Tips Bond ETF Reduce -2.3% 1.24% +0.04
AVDE Avantis International Equity Reduce -0.6% 0.78% +0.06
SPYV SS SPDR P S&P 500 Value ETF Reduce -0.2% 9.23% +0.09

Portfolio Buys Q4 2024 → Q1 2025
BND Vanguard Total Bond Market Add +3.0% 6.94% +0.42
SCHP Schwab U.S. Tips ETF Add +3.2% 4.14% +0.34
MBB iShares MBS ETF Add +5.8% 3.70% +0.33
VTEB Vanguard Tax-Exempt Bond ETF Add +5.2% 5.99% +0.31
DFIC Dimensional International Co. Add +6.5% 1.69% +0.23
VCSH Vanguard S/T Corp. Bond ETF Add +1.1% 4.40% +0.15
STIP iShares 0-5 Year Tips Bond E Add +10.0% 0.55% +0.07
BRK.A Berkshire Hathaway Inc. Class A New 0.07% +0.07
DUHP Dimensional US High Profi Et Add +5.5% 1.35% +0.06
IGSB iShares 1-5Y Inv Grade Corp. Add +0.3% 2.07% +0.06
DFEM Dimensional Emrg MRKT Core Add +9.3% 0.47% +0.05
VTV Vanguard Mrngstr Val ETF-Aui Add +3.1% 0.80% +0.05
SPAB SS SPDR P Agg Bond ETF New 0.02% +0.02
EFV iShares MSCI Eafe Value ETF New 0.02% +0.02
DFAC Dimensional US Core Equity 2 Add +4.3% 2.18% +0.02
JNJ Johnson & Johnson New 0.02% +0.02
ISTB iShares Core 1-5 Year Usd Bo Add +0.3% 0.36% +0.01
VMBS Vanguard Mortgage-Backed Sec Add +2.0% 0.14% +0.01
V Visa Inc. Class A Add +2.8% 0.02% +0.00
META Meta Platforms Inc. Class A Add +5.4% 0.04% +0.00
GOOG Alphabet Inc. Class C Add +6.7% 0.03% −0.00
AVGO Broadcom Inc. Add +8.3% 0.02% −0.00
GOOGL Alphabet Inc. Class A Add +6.0% 0.03% −0.00
AAPL Apple Inc. Add +6.6% 0.12% −0.01
SCHX Schwab US Large-Cap ETF Add +3.1% 1.06% −0.01
SCHG Schwab US Large-Cap Growth Add +0.2% 0.06% −0.01
AMZN Amazon.com Inc. Add +2.7% 0.05% −0.01
IJS iShares S&P Small-Cap 600 Va Add +0.3% 0.35% −0.03
SCHA Schwab US Small-Cap ETF Add +1.2% 0.64% −0.05
MDYV SS SPDR S&P 400 MC Val ETF Add +1.3% 4.44% −0.06
SLYV SS SPDR S&P 600 SC Val ETF Add +0.1% 1.04% −0.10
IJH iShares Core S&P Midcap ETF Add +0.9% 6.97% −0.31

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 112$1.6BVOO, SPYV, IJH, BND, VTEB
Q1 2026 100$1.5BVOO, SPYV, IJH, BND, VTEB
Q4 2025 102$1.5BVOO, SPYV, IJH, BND, VTEB
Q3 2025 96$1.4BVOO, SPYV, IJH, BND, VTEB
Q2 2025 97$1.3BVOO, SPYV, IJH, BND, VTEB
Q1 2025 95$1.2BVOO, SPYV, IJH, BND, VTEB
Q4 2024 92$1.2BVOO, SPYV, IJH, BND, VTEB
Q3 2024 87$1.2BVOO, SPYV, IJH, BND, VTEB
Q2 2024 87$1.1BVOO, SPYV, IJH, BND, VTEB
Q1 2024 86$1.1BVOO, SPYV, IJH, BND, VTEB