Lutz Financial Services LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 29, 2025), Lutz Financial Services LLC reported 97 stock positions worth $1.3 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 10.7% of the portfolio, followed by SS SPDR P S&P 500 Value ETF (SPYV, 9.0%) and iShares Core S&P Midcap ETF (IJH, 7.0%). Compared with Q1 2025, it opened 3 new positions, sold out of 1, added to 38 and reduced 36. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +0%) and the biggest sale Vanguard Tax-Exempt Bond ETF (VTEB, shares −15%).

Most Recent 13F
Q2 2026
Location
OMAHA, NE
CIK
0001737112
Portfolio Value
$1.3B (Q2 2025)
SEC Filing
0001737112-25-000007 ↗ filed Jul 29, 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 Q1 2025 Q2 2025: $1.3B $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 97 stocks · $1.3B
VOO Vanguard S&P 500 ETF 10.75% 243,696 $138.4M Add +0.1%
SPYV SS SPDR P S&P 500 Value ETF 8.97% 2,206,774 $115.5M Reduce -0.1%
IJH iShares Core S&P Midcap ETF 7.02% 1,457,901 $90.4M Reduce -0.0%
BND Vanguard Total Bond Market 6.79% 1,188,284 $87.5M Add +3.0%
VTEB Vanguard Tax-Exempt Bond ETF 4.79% 1,259,230 $61.7M Reduce -14.5%
MDYV SS SPDR S&P 400 MC Val ETF 4.32% 701,235 $55.7M Reduce -0.4%
VCSH Vanguard S/T Corp. Bond ETF 4.25% 689,269 $54.8M Add +1.2%
SCHP Schwab U.S. Tips ETF 3.83% 1,850,449 $49.4M Reduce -1.7%
MBB iShares MBS ETF 3.58% 490,415 $46.0M Add +1.8%
SPY SS SPDR S&P 500 ETF Trust-US 3.39% 70,703 $43.7M Reduce -3.8%
MUB iShares National Muni Bond E 2.79% 344,020 $35.9M Add +16.5%
DFAC Dimensional US Core Equity 2 2.28% 820,893 $29.4M Add +1.8%
IGSB iShares 1-5Y Inv Grade Corp. 1.96% 477,429 $25.2M Reduce -1.2%
DFIC Dimensional International Co. 1.79% 739,772 $23.0M Reduce -0.2%
IVE iShares S&P 500 Value ETF 1.68% 110,658 $21.6M Reduce -4.8%
AGG iShares Core U.S. Aggregate 1.66% 215,551 $21.4M Reduce -0.7%
IJR iShares Core S&P Small-Cap E 1.51% 178,244 $19.5M Reduce -4.5%
SCHM Schwab US Mid Cap ETF 1.50% 688,642 $19.3M Add +26.0%
BSV Vanguard Short-Term Bond ETF 1.48% 242,492 $19.1M Reduce -1.2%
SCHX Schwab US Large-Cap ETF 1.40% 737,537 $18.0M Add +25.7%
DUHP Dimensional US High Profi Et 1.35% 487,693 $17.3M Reduce -2.2%
DFAS Dimensional US Small Cap ETF 1.16% 235,100 $15.0M Add +3.8%
VOE Vngrd Mrngstr MD-Cap Val ETF 1.16% 90,638 $14.9M Add +26.3%
IJJ iShares S&P Mid-Cap 400 Valu 1.16% 120,569 $14.9M Reduce -0.6%
IVV iShares Core S&P 500 ETF 1.16% 23,968 $14.9M Add +1.1%
TIP iShares Tips Bond ETF 1.15% 134,843 $14.8M Reduce -1.1%
VTV Vanguard Mrngstr Val ETF-Aui 1.13% 82,234 $14.5M Add +45.6%
VOOV Vanguard S&P 500 Value ETF 1.11% 75,450 $14.2M Add +0.1%
QUAL iShares MSCI USA Quality Fac 1.05% 73,896 $13.5M Add +14.9%
SLYV SS SPDR S&P 600 SC Val ETF 0.91% 147,502 $11.8M Reduce -8.9%
AVDE Avantis International Equity 0.91% 158,213 $11.7M Add +10.1%
IVOV Vanguard S&P Mid-Cap 400 Val 0.88% 119,380 $11.4M Add +0.8%
MDY State Street SPDR S&P Midcap 0.84% 19,107 $10.8M Reduce -0.0%
IUSV iShares Core S&P U.S. Value 0.83% 113,419 $10.7M Add +1.9%
SCHA Schwab US Small-Cap ETF 0.82% 416,181 $10.5M Add +25.3%
AVUV Avantis US Small Cap Value 0.66% 92,888 $8.5M Add +25.8%
DFAT Dimensional US Target Value 0.59% 141,608 $7.6M Add +0.3%
STIP iShares 0-5 Year Tips Bond E 0.56% 69,792 $7.2M Add +6.7%
SUB iShares Short-Term National 0.54% 65,765 $7.0M Add +37.3%
DFEM Dimensional Emrg MRKT Core 0.51% 220,968 $6.6M Add +2.6%
DFUV Dimensional US Marketwide Va 0.43% 130,688 $5.5M Reduce -1.5%
IEMG iShares Core MSCI Emerging 0.41% 86,981 $5.2M Reduce -0.5%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.37% 24,673 $4.8M Add +1.8%
IWV iShares Russell 3000 ETF 0.36% 13,245 $4.6M No change
STPZ PIMCO 1-5 Year US Tips Index 0.36% 85,614 $4.6M Reduce -1.2%
ISTB iShares Core 1-5 Year Usd Bo 0.34% 90,552 $4.4M Reduce -0.5%
IJS iShares S&P Small-Cap 600 Va 0.34% 43,914 $4.4M Reduce -0.6%
VTIP Vanguard Short-Term Tips 0.34% 85,938 $4.3M Reduce -12.4%
VWO Vanguard Ftse Emerging Marke 0.31% 80,047 $4.0M Reduce -0.0%
BRK.B Berkshire Hathaway Inc. Class B 0.17% 4,461 $2.2M Add +1.2%
VMBS Vanguard Mortgage-Backed Sec 0.15% 40,876 $1.9M Add +10.4%
VEA Vanguard Ftse Developed ETF 0.14% 31,625 $1.8M Add +0.1%
NVDA Nvidia Corp. 0.13% 10,670 $1.7M Reduce -1.0%
MSFT Microsoft Corp. 0.12% 3,165 $1.6M Add +4.6%
VNQ Vanguard Real Estate ETF 0.12% 16,857 $1.5M Reduce -4.9%
AAPL Apple Inc. 0.11% 6,652 $1.4M Add +1.4%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.10% 33,753 $1.4M No change
DFIV Dimensional International Va 0.10% 28,558 $1.2M No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.09% 4,004 $1.1M No change
VTI VG Morningstar TS MKT ETF-US 0.08% 3,535 $1.1M No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.08% 3,614 $1.0M Add +0.6%
IWM iShares Russell 2000 ETF 0.06% 3,647 $787K No change
VIG Vanguard Dividend Apprec ETF 0.06% 3,760 $770K No change
AMZN Amazon.com Inc. 0.06% 3,361 $737K Reduce -0.5%
BRK.A Berkshire Hathaway Inc. Class A 0.06% 1 $729K No change
IWD iShares Russell 1000 Value E 0.06% 3,658 $710K Reduce -0.7%
DLN Wisdomtree US Largecap Divid 0.05% 7,456 $612K No change
VB Vanguard Most SM-Cap ETF-Usd 0.05% 2,537 $601K No change
META Meta Platforms Inc. Class A 0.05% 790 $583K Reduce -3.2%
SCHG Schwab US Large-Cap Growth 0.04% 19,334 $565K Reduce -31.3%
SPMD SS SPDR P S&P 400 Midcap ETF 0.04% 9,264 $504K Reduce -10.4%
GOOGL Alphabet Inc. Class A 0.04% 2,608 $460K Add +1.8%
JPM JPMorgan Chase & Co. 0.03% 1,543 $447K Add +1.0%
IWN iShares Russell 2000 Value E 0.03% 2,687 $424K Add +0.1%
VT Vanguard Tot World STK ETF 0.03% 3,166 $407K Reduce -4.5%
AVUS Avantis U.S. Equity ETF 0.03% 3,804 $384K New
GOOG Alphabet Inc. Class C 0.03% 2,162 $384K Add +1.4%
IWR iShares Russell Mid-Cap ETF 0.03% 4,068 $374K No change
DFSV Dimensional US Small Cap Val 0.03% 11,818 $348K New
VCIT Vanguard Int-Term Corporate 0.03% 4,127 $342K Add +1.1%
AVDV Avantis Intl S/C Value ETF 0.03% 4,174 $331K No change
SCHF Schwab Intl Equity ETF 0.03% 14,938 $330K No change
AVGO Broadcom Inc. 0.02% 1,165 $321K Reduce -4.4%
QEMM State Street SPDR MSCI Emerg 0.02% 5,015 $316K No change
EFA iShares MSCI Eafe ETF 0.02% 3,338 $298K No change
QQQ Invesco QQQ Trust Series 1 0.02% 539 $297K No change
ILCB iShares Morningstar U.S. Equ 0.02% 3,356 $288K No change
V Visa Inc. Class A 0.02% 754 $268K Add +3.3%
LLY Eli Lilly & Co. 0.02% 322 $251K Add +4.5%
ONEY SS SPDR R1000 Yield Foc ETF 0.02% 2,295 $248K Reduce -31.3%
WMT Walmart Inc. 0.02% 2,476 $242K Reduce -1.1%
EFV iShares MSCI Eafe Value ETF 0.02% 3,654 $232K No change
SCHV Schwab US Large-Cap Value 0.02% 8,275 $229K No change
MA Mastercard Inc. Class A 0.02% 404 $227K Add +1.8%
SPAB SS SPDR P Agg Bond ETF 0.02% 8,611 $220K Reduce -12.8%
IGIB iShares 5-10Y Inv Grade Corp. 0.02% 4,007 $214K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.02% 714 $210K New

Portfolio Sells Q1 2025 → Q2 2025
VTEB Vanguard Tax-Exempt Bond ETF Reduce -14.5% 4.79% −1.19
SCHP Schwab U.S. Tips ETF Reduce -1.7% 3.83% −0.31
SPYV SS SPDR P S&P 500 Value ETF Reduce -0.1% 8.97% −0.27
IVE iShares S&P 500 Value ETF Reduce -4.8% 1.68% −0.14
SLYV SS SPDR S&P 600 SC Val ETF Reduce -8.9% 0.91% −0.13
MDYV SS SPDR S&P 400 MC Val ETF Reduce -0.4% 4.32% −0.12
IGSB iShares 1-5Y Inv Grade Corp. Reduce -1.2% 1.96% −0.12
AGG iShares Core U.S. Aggregate Reduce -0.7% 1.66% −0.10
BSV Vanguard Short-Term Bond ETF Reduce -1.2% 1.48% −0.09
TIP iShares Tips Bond ETF Reduce -1.1% 1.15% −0.09
IJR iShares Core S&P Small-Cap E Reduce -4.5% 1.51% −0.09
VTIP Vanguard Short-Term Tips Reduce -12.4% 0.34% −0.07
IJJ iShares S&P Mid-Cap 400 Valu Reduce -0.6% 1.16% −0.03
STPZ PIMCO 1-5 Year US Tips Index Reduce -1.2% 0.36% −0.03
DFUV Dimensional US Marketwide Va Reduce -1.5% 0.43% −0.02
ISTB iShares Core 1-5 Year Usd Bo Reduce -0.5% 0.34% −0.02
JNJ Johnson & Johnson Sold out 0.00% −0.02
VNQ Vanguard Real Estate ETF Reduce -4.9% 0.12% −0.01
SCHG Schwab US Large-Cap Growth Reduce -31.3% 0.04% −0.01
IJS iShares S&P Small-Cap 600 Va Reduce -0.6% 0.34% −0.01
ONEY SS SPDR R1000 Yield Foc ETF Reduce -31.3% 0.02% −0.01
DUHP Dimensional US High Profi Et Reduce -2.2% 1.35% −0.01
SPMD SS SPDR P S&P 400 Midcap ETF Reduce -10.4% 0.04% −0.00
SPAB SS SPDR P Agg Bond ETF Reduce -12.8% 0.02% −0.00
IWD iShares Russell 1000 Value E Reduce -0.7% 0.06% −0.00
VT Vanguard Tot World STK ETF Reduce -4.5% 0.03% +0.00
WMT Walmart Inc. Reduce -1.1% 0.02% +0.00
AMZN Amazon.com Inc. Reduce -0.5% 0.06% +0.00
MDY State Street SPDR S&P Midcap Reduce -0.0% 0.84% +0.01
META Meta Platforms Inc. Class A Reduce -3.2% 0.05% +0.01
AVGO Broadcom Inc. Reduce -4.4% 0.02% +0.01
VWO Vanguard Ftse Emerging Marke Reduce -0.0% 0.31% +0.01
IEMG iShares Core MSCI Emerging Reduce -0.5% 0.41% +0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -3.8% 3.39% +0.03
NVDA Nvidia Corp. Reduce -1.0% 0.13% +0.04
IJH iShares Core S&P Midcap ETF Reduce -0.0% 7.02% +0.05
DFIC Dimensional International Co. Reduce -0.2% 1.79% +0.10

Portfolio Buys Q1 2025 → Q2 2025
VOO Vanguard S&P 500 ETF Add +0.1% 10.75% +0.50
SCHX Schwab US Large-Cap ETF Add +25.7% 1.40% +0.34
VTV Vanguard Mrngstr Val ETF-Aui Add +45.6% 1.13% +0.33
SCHM Schwab US Mid Cap ETF Add +26.0% 1.50% +0.33
MUB iShares National Muni Bond E Add +16.5% 2.79% +0.24
VOE Vngrd Mrngstr MD-Cap Val ETF Add +26.3% 1.16% +0.21
SCHA Schwab US Small-Cap ETF Add +25.3% 0.82% +0.18
QUAL iShares MSCI USA Quality Fac Add +14.9% 1.05% +0.15
AVUV Avantis US Small Cap Value Add +25.8% 0.66% +0.13
AVDE Avantis International Equity Add +10.1% 0.91% +0.13
SUB iShares Short-Term National Add +37.3% 0.54% +0.13
DFAC Dimensional US Core Equity 2 Add +1.8% 2.28% +0.11
IVV iShares Core S&P 500 ETF Add +1.1% 1.16% +0.06
DFAS Dimensional US Small Cap ETF Add +3.8% 1.16% +0.06
DFEM Dimensional Emrg MRKT Core Add +2.6% 0.51% +0.04
AVUS Avantis U.S. Equity ETF New 0.03% +0.03
MSFT Microsoft Corp. Add +4.6% 0.12% +0.03
DFSV Dimensional US Small Cap Val New 0.03% +0.03
IBM Intl Business Machines Corp. New 0.02% +0.02
VEA Vanguard Ftse Developed ETF Add +0.1% 0.14% +0.01
VMBS Vanguard Mortgage-Backed Sec Add +10.4% 0.15% +0.01
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +0.6% 0.08% +0.00
JPM JPMorgan Chase & Co. Add +1.0% 0.03% +0.00
VBR Vngrd Mrngst SL-CP Val ETF-U Add +1.8% 0.37% +0.00
STIP iShares 0-5 Year Tips Bond E Add +6.7% 0.56% +0.00
GOOGL Alphabet Inc. Class A Add +1.8% 0.04% +0.00
GOOG Alphabet Inc. Class C Add +1.4% 0.03% +0.00
MA Mastercard Inc. Class A Add +1.8% 0.02% −0.00
V Visa Inc. Class A Add +3.3% 0.02% −0.00
IWN iShares Russell 2000 Value E Add +0.1% 0.03% −0.00
VCIT Vanguard Int-Term Corporate Add +1.1% 0.03% −0.00
LLY Eli Lilly & Co. Add +4.5% 0.02% −0.00
DFAT Dimensional US Target Value Add +0.3% 0.59% −0.00
IVOV Vanguard S&P Mid-Cap 400 Val Add +0.8% 0.88% −0.01
IUSV iShares Core S&P U.S. Value Add +1.9% 0.83% −0.01
AAPL Apple Inc. Add +1.4% 0.11% −0.01
BRK.B Berkshire Hathaway Inc. Class B Add +1.2% 0.17% −0.02
VOOV Vanguard S&P 500 Value ETF Add +0.1% 1.11% −0.03
MBB iShares MBS ETF Add +1.8% 3.58% −0.12
BND Vanguard Total Bond Market Add +3.0% 6.79% −0.14
VCSH Vanguard S/T Corp. Bond ETF Add +1.2% 4.25% −0.15

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