Lutz Financial Services LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), Lutz Financial Services LLC reported 96 stock positions worth $1.4 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 10.9% of the portfolio, followed by SS SPDR P S&P 500 Value ETF (SPYV, 9.1%) and iShares Core S&P Midcap ETF (IJH, 7.0%). Compared with Q2 2025, it opened 2 new positions, sold out of 3, added to 32 and reduced 45. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +1%) and the biggest sale iShares National Muni Bond E (MUB, shares −2%).

Most Recent 13F
Q2 2026
Location
OMAHA, NE
CIK
0001737112
Portfolio Value
$1.4B (Q3 2025)
SEC Filing
0001737112-25-000008 ↗ filed Nov 10, 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 Q2 2025 Q3 2025: $1.4B $1.4B Q3 2025 Q4 2025: $1.5B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.6B Q2 2026

Holdings 96 stocks · $1.4B
VOO Vanguard S&P 500 ETF 10.95% 246,920 $151.2M Add +1.3%
SPYV SS SPDR P S&P 500 Value ETF 9.08% 2,266,428 $125.4M Add +2.7%
IJH iShares Core S&P Midcap ETF 7.03% 1,488,531 $97.1M Add +2.1%
BND Vanguard Total Bond Market 6.81% 1,264,680 $94.1M Add +6.4%
VTEB Vanguard Tax-Exempt Bond ETF 4.84% 1,335,724 $66.9M Add +6.1%
MDYV SS SPDR S&P 400 MC Val ETF 4.38% 726,188 $60.6M Add +3.6%
VCSH Vanguard S/T Corp. Bond ETF 4.31% 745,702 $59.6M Add +8.2%
SCHP Schwab U.S. Tips ETF 3.88% 1,990,216 $53.6M Add +7.5%
MBB iShares MBS ETF 3.71% 538,957 $51.3M Add +9.9%
SPY SS SPDR S&P 500 ETF Trust-US 3.36% 69,715 $46.4M Reduce -1.4%
MUB iShares National Muni Bond E 2.61% 338,864 $36.1M Reduce -1.5%
DFAC Dimensional US Core Equity 2 2.34% 836,465 $32.3M Add +1.9%
IGSB iShares 1-5Y Inv Grade Corp. 1.84% 480,348 $25.5M Add +0.6%
DFIC Dimensional International Co. 1.79% 755,336 $24.8M Add +2.1%
IVE iShares S&P 500 Value ETF 1.64% 109,875 $22.7M Reduce -0.7%
IJR iShares Core S&P Small-Cap E 1.55% 179,914 $21.4M Add +0.9%
AGG iShares Core U.S. Aggregate 1.53% 210,884 $21.1M Reduce -2.2%
BSV Vanguard Short-Term Bond ETF 1.45% 254,512 $20.1M Add +5.0%
SCHM Schwab US Mid Cap ETF 1.45% 674,981 $20.0M Reduce -2.0%
DUHP Dimensional US High Profi Et 1.41% 514,349 $19.4M Add +5.5%
SCHX Schwab US Large-Cap ETF 1.40% 736,160 $19.4M Reduce -0.2%
DFAS Dimensional US Small Cap ETF 1.15% 232,493 $15.9M Reduce -1.1%
IVV iShares Core S&P 500 ETF 1.15% 23,742 $15.9M Reduce -0.9%
VOE Vngrd Mrngstr MD-Cap Val ETF 1.13% 89,418 $15.6M Reduce -1.4%
IJJ iShares S&P Mid-Cap 400 Valu 1.13% 120,160 $15.6M Reduce -0.3%
VTV Vanguard Mrngstr Val ETF-Aui 1.11% 82,491 $15.4M Add +0.3%
VOOV Vanguard S&P 500 Value ETF 1.08% 74,777 $14.9M Reduce -0.9%
TIP iShares Tips Bond ETF 1.08% 133,914 $14.9M Reduce -0.7%
QUAL iShares MSCI USA Quality Fac 1.03% 73,147 $14.2M Reduce -1.0%
SLYV SS SPDR S&P 600 SC Val ETF 0.93% 144,379 $12.8M Reduce -2.1%
AVDE Avantis International Equity 0.89% 155,866 $12.3M Reduce -1.5%
IVOV Vanguard S&P Mid-Cap 400 Val 0.86% 117,735 $11.9M Reduce -1.4%
SCHA Schwab US Small-Cap ETF 0.83% 412,847 $11.5M Reduce -0.8%
IUSV iShares Core S&P U.S. Value 0.82% 113,270 $11.3M Reduce -0.1%
MDY State Street SPDR S&P Midcap 0.81% 18,852 $11.2M Reduce -1.3%
AVUV Avantis US Small Cap Value 0.71% 98,478 $9.8M Add +6.0%
DFAT Dimensional US Target Value 0.59% 139,384 $8.1M Reduce -1.6%
STIP iShares 0-5 Year Tips Bond E 0.57% 76,375 $7.9M Add +9.4%
DFEM Dimensional Emrg MRKT Core 0.53% 228,424 $7.3M Add +3.4%
SUB iShares Short-Term National 0.51% 65,753 $7.0M Reduce -0.0%
DFUV Dimensional US Marketwide Va 0.41% 127,966 $5.7M Reduce -2.1%
IEMG iShares Core MSCI Emerging 0.41% 85,767 $5.7M Reduce -1.4%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.37% 24,496 $5.1M Reduce -0.7%
IJS iShares S&P Small-Cap 600 Va 0.35% 43,812 $4.8M Reduce -0.2%
IWV iShares Russell 3000 ETF 0.35% 12,666 $4.8M Reduce -4.4%
STPZ PIMCO 1-5 Year US Tips Index 0.34% 85,614 $4.6M No change
ISTB iShares Core 1-5 Year Usd Bo 0.32% 91,801 $4.5M Add +1.4%
VTIP Vanguard Short-Term Tips 0.31% 85,549 $4.3M Reduce -0.5%
VWO Vanguard Ftse Emerging Marke 0.31% 78,781 $4.3M Reduce -1.6%
BRK.B Berkshire Hathaway Inc. Class B 0.17% 4,688 $2.4M Add +5.1%
NVDA Nvidia Corp. 0.14% 10,624 $2.0M Reduce -0.4%
VMBS Vanguard Mortgage-Backed Sec 0.14% 41,788 $2.0M Add +2.2%
VEA Vanguard Ftse Developed ETF 0.13% 30,798 $1.8M Reduce -2.6%
AAPL Apple Inc. 0.13% 7,078 $1.8M Add +6.4%
MSFT Microsoft Corp. 0.12% 3,120 $1.6M Reduce -1.4%
VNQ Vanguard Real Estate ETF 0.11% 16,848 $1.5M Reduce -0.1%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.10% 33,753 $1.5M No change
DFIV Dimensional International Va 0.10% 28,558 $1.3M No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.09% 4,013 $1.2M Add +0.2%
VTI VG Morningstar TS MKT ETF-US 0.08% 3,535 $1.2M No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.08% 3,625 $1.1M Add +0.3%
IWM iShares Russell 2000 ETF 0.06% 3,647 $882K No change
IWD iShares Russell 1000 Value E 0.06% 4,200 $855K Add +14.8%
VIG Vanguard Dividend Apprec ETF 0.06% 3,760 $811K No change
BRK.A Berkshire Hathaway Inc. Class A 0.05% 1 $754K No change
AMZN Amazon.com Inc. 0.05% 3,358 $737K Reduce -0.1%
GOOGL Alphabet Inc. Class A 0.05% 2,686 $653K Add +3.0%
SCHG Schwab US Large-Cap Growth 0.05% 20,387 $651K Add +5.5%
DLN Wisdomtree US Largecap Divid 0.05% 7,456 $649K No change
VB Vanguard Most SM-Cap ETF-Usd 0.05% 2,541 $646K Add +0.2%
META Meta Platforms Inc. Class A 0.04% 820 $602K Add +3.8%
GOOG Alphabet Inc. Class C 0.04% 2,237 $545K Add +3.5%
SPMD SS SPDR P S&P 400 Midcap ETF 0.04% 9,264 $530K No change
JPM JPMorgan Chase & Co. 0.04% 1,534 $484K Reduce -0.6%
AVGO Broadcom Inc. 0.03% 1,328 $438K Add +14.0%
IWN iShares Russell 2000 Value E 0.03% 2,448 $433K Reduce -8.9%
VT Vanguard Tot World STK ETF 0.03% 3,082 $425K Reduce -2.6%
AVUS Avantis U.S. Equity ETF 0.03% 3,781 $411K Reduce -0.6%
IWR iShares Russell Mid-Cap ETF 0.03% 4,065 $393K Reduce -0.1%
DFSV Dimensional US Small Cap Val 0.03% 11,816 $376K Reduce -0.0%
AVDV Avantis Intl S/C Value ETF 0.03% 4,174 $372K No change
SCHF Schwab Intl Equity ETF 0.03% 14,938 $348K No change
VCIT Vanguard Int-Term Corporate 0.03% 4,116 $346K Reduce -0.3%
QEMM State Street SPDR MSCI Emerg 0.02% 5,015 $332K No change
QQQ Invesco QQQ Trust Series 1 0.02% 539 $324K No change
EFA iShares MSCI Eafe ETF 0.02% 3,338 $312K No change
ILCB iShares Morningstar U.S. Equ 0.02% 3,306 $306K Reduce -1.5%
ONEY SS SPDR R1000 Yield Foc ETF 0.02% 2,295 $260K No change
V Visa Inc. Class A 0.02% 750 $256K Reduce -0.5%
WMT Walmart Inc. 0.02% 2,446 $252K Reduce -1.2%
SCHV Schwab US Large-Cap Value 0.02% 8,275 $241K No change
ORCL Oracle Corp. 0.02% 855 $240K New
LLY Eli Lilly & Co. 0.02% 299 $228K Reduce -7.1%
MA Mastercard Inc. Class A 0.02% 397 $226K Reduce -1.7%
IGIB iShares 5-10Y Inv Grade Corp. 0.02% 4,007 $217K No change
AVEM Avantis Emerging Markets Eq 0.01% 2,749 $206K New

Portfolio Sells Q2 2025 → Q3 2025
MUB iShares National Muni Bond E Reduce -1.5% 2.61% −0.18
AGG iShares Core U.S. Aggregate Reduce -2.2% 1.53% −0.13
TIP iShares Tips Bond ETF Reduce -0.7% 1.08% −0.07
SCHM Schwab US Mid Cap ETF Reduce -2.0% 1.45% −0.05
IVE iShares S&P 500 Value ETF Reduce -0.7% 1.64% −0.04
SUB iShares Short-Term National Reduce -0.0% 0.51% −0.03
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.4% 3.36% −0.03
IJJ iShares S&P Mid-Cap 400 Valu Reduce -0.3% 1.13% −0.03
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -1.4% 1.13% −0.03
MDY State Street SPDR S&P Midcap Reduce -1.3% 0.81% −0.03
IVOV Vanguard S&P Mid-Cap 400 Val Reduce -1.4% 0.86% −0.03
VOOV Vanguard S&P 500 Value ETF Reduce -0.9% 1.08% −0.03
VTIP Vanguard Short-Term Tips Reduce -0.5% 0.31% −0.02
QUAL iShares MSCI USA Quality Fac Reduce -1.0% 1.03% −0.02
AVDE Avantis International Equity Reduce -1.5% 0.89% −0.02
EFV iShares MSCI Eafe Value ETF Sold out 0.00% −0.02
SPAB SS SPDR P Agg Bond ETF Sold out 0.00% −0.02
IBM Intl Business Machines Corp. Sold out 0.00% −0.02
DFUV Dimensional US Marketwide Va Reduce -2.1% 0.41% −0.02
IUSV iShares Core S&P U.S. Value Reduce -0.1% 0.82% −0.01
IWV iShares Russell 3000 ETF Reduce -4.4% 0.35% −0.01
DFAS Dimensional US Small Cap ETF Reduce -1.1% 1.15% −0.01
VEA Vanguard Ftse Developed ETF Reduce -2.6% 0.13% −0.01
DFAT Dimensional US Target Value Reduce -1.6% 0.59% −0.01
MSFT Microsoft Corp. Reduce -1.4% 0.12% −0.01
IVV iShares Core S&P 500 ETF Reduce -0.9% 1.15% −0.01
VNQ Vanguard Real Estate ETF Reduce -0.1% 0.11% −0.01
AMZN Amazon.com Inc. Reduce -0.1% 0.05% −0.00
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -0.7% 0.37% −0.00
LLY Eli Lilly & Co. Reduce -7.1% 0.02% −0.00
V Visa Inc. Class A Reduce -0.5% 0.02% −0.00
IWN iShares Russell 2000 Value E Reduce -8.9% 0.03% −0.00
VCIT Vanguard Int-Term Corporate Reduce -0.3% 0.03% −0.00
MA Mastercard Inc. Class A Reduce -1.7% 0.02% −0.00
VT Vanguard Tot World STK ETF Reduce -2.6% 0.03% −0.00
IWR iShares Russell Mid-Cap ETF Reduce -0.1% 0.03% −0.00
WMT Walmart Inc. Reduce -1.2% 0.02% −0.00
ILCB iShares Morningstar U.S. Equ Reduce -1.5% 0.02% −0.00
AVUS Avantis U.S. Equity ETF Reduce -0.6% 0.03% 0.00
DFSV Dimensional US Small Cap Val Reduce -0.0% 0.03% +0.00
JPM JPMorgan Chase & Co. Reduce -0.6% 0.04% +0.00
VWO Vanguard Ftse Emerging Marke Reduce -1.6% 0.31% +0.00
IEMG iShares Core MSCI Emerging Reduce -1.4% 0.41% +0.00
SCHX Schwab US Large-Cap ETF Reduce -0.2% 1.40% +0.00
IJS iShares S&P Small-Cap 600 Va Reduce -0.2% 0.35% +0.01
NVDA Nvidia Corp. Reduce -0.4% 0.14% +0.01
SLYV SS SPDR S&P 600 SC Val ETF Reduce -2.1% 0.93% +0.01
SCHA Schwab US Small-Cap ETF Reduce -0.8% 0.83% +0.02

Portfolio Buys Q2 2025 → Q3 2025
VOO Vanguard S&P 500 ETF Add +1.3% 10.95% +0.20
MBB iShares MBS ETF Add +9.9% 3.71% +0.14
SPYV SS SPDR P S&P 500 Value ETF Add +2.7% 9.08% +0.11
MDYV SS SPDR S&P 400 MC Val ETF Add +3.6% 4.38% +0.06
VCSH Vanguard S/T Corp. Bond ETF Add +8.2% 4.31% +0.06
DUHP Dimensional US High Profi Et Add +5.5% 1.41% +0.06
AVUV Avantis US Small Cap Value Add +6.0% 0.71% +0.05
DFAC Dimensional US Core Equity 2 Add +1.9% 2.34% +0.05
SCHP Schwab U.S. Tips ETF Add +7.5% 3.88% +0.05
VTEB Vanguard Tax-Exempt Bond ETF Add +6.1% 4.84% +0.05
IJR iShares Core S&P Small-Cap E Add +0.9% 1.55% +0.04
AAPL Apple Inc. Add +6.4% 0.13% +0.02
DFEM Dimensional Emrg MRKT Core Add +3.4% 0.53% +0.02
ORCL Oracle Corp. New 0.02% +0.02
AVEM Avantis Emerging Markets Eq New 0.01% +0.01
BND Vanguard Total Bond Market Add +6.4% 6.81% +0.01
STIP iShares 0-5 Year Tips Bond E Add +9.4% 0.57% +0.01
GOOGL Alphabet Inc. Class A Add +3.0% 0.05% +0.01
IJH iShares Core S&P Midcap ETF Add +2.1% 7.03% +0.01
GOOG Alphabet Inc. Class C Add +3.5% 0.04% +0.01
DFIC Dimensional International Co. Add +2.1% 1.79% +0.01
AVGO Broadcom Inc. Add +14.0% 0.03% +0.01
IWD iShares Russell 1000 Value E Add +14.8% 0.06% +0.01
SCHG Schwab US Large-Cap Growth Add +5.5% 0.05% +0.00
BRK.B Berkshire Hathaway Inc. Class B Add +5.1% 0.17% +0.00
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +0.3% 0.08% +0.00
VB Vanguard Most SM-Cap ETF-Usd Add +0.2% 0.05% +0.00
META Meta Platforms Inc. Class A Add +3.8% 0.04% −0.00
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +0.2% 0.09% −0.00
VMBS Vanguard Mortgage-Backed Sec Add +2.2% 0.14% −0.01
VTV Vanguard Mrngstr Val ETF-Aui Add +0.3% 1.11% −0.01
ISTB iShares Core 1-5 Year Usd Bo Add +1.4% 0.32% −0.02
BSV Vanguard Short-Term Bond ETF Add +5.0% 1.45% −0.03
IGSB iShares 1-5Y Inv Grade Corp. Add +0.6% 1.84% −0.11

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