Lutz Financial Services LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Lutz Financial Services LLC reported 102 stock positions worth $1.5 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 10.8% of the portfolio, followed by SS SPDR P S&P 500 Value ETF (SPYV, 9.2%) and iShares Core S&P Midcap ETF (IJH, 7.1%). Compared with Q3 2025, it opened 7 new positions, sold out of 1, added to 44 and reduced 38. The biggest buy was Vanguard Tax-Exempt Bond ETF (VTEB, shares +11%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −4%).

Most Recent 13F
Q2 2026
Location
OMAHA, NE
CIK
0001737112
Portfolio Value
$1.5B (Q4 2025)
SEC Filing
0001737112-26-000002 ↗ filed Feb 6, 2026

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 Q3 2025 Q4 2025: $1.5B $1.5B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.6B Q2 2026

Holdings 102 stocks · $1.5B
VOO Vanguard S&P 500 ETF 10.81% 253,536 $159.0M Add +2.7%
SPYV SS SPDR P S&P 500 Value ETF 9.23% 2,387,903 $135.7M Add +5.4%
IJH iShares Core S&P Midcap ETF 7.08% 1,578,398 $104.2M Add +6.0%
BND Vanguard Total Bond Market 6.87% 1,362,944 $101.0M Add +7.8%
VTEB Vanguard Tax-Exempt Bond ETF 5.09% 1,486,795 $74.8M Add +11.3%
MDYV SS SPDR S&P 400 MC Val ETF 4.51% 783,438 $66.3M Add +7.9%
VCSH Vanguard S/T Corp. Bond ETF 4.44% 819,525 $65.3M Add +9.9%
SCHP Schwab U.S. Tips ETF 3.98% 2,206,735 $58.5M Add +10.9%
MBB iShares MBS ETF 3.87% 597,581 $56.9M Add +10.9%
SPY SS SPDR S&P 500 ETF Trust-US 3.10% 66,871 $45.6M Reduce -4.1%
MUB iShares National Muni Bond E 2.56% 351,298 $37.6M Add +3.7%
DFAC Dimensional US Core Equity 2 2.42% 896,946 $35.5M Add +7.2%
DFIC Dimensional International Co. 1.85% 791,288 $27.3M Add +4.8%
IGSB iShares 1-5Y Inv Grade Corp. 1.75% 486,755 $25.7M Add +1.3%
IJR iShares Core S&P Small-Cap E 1.56% 191,033 $23.0M Add +6.2%
IVE iShares S&P 500 Value ETF 1.54% 106,970 $22.7M Reduce -2.6%
AGG iShares Core U.S. Aggregate 1.49% 219,891 $22.0M Add +4.3%
DUHP Dimensional US High Profi Et 1.45% 562,375 $21.4M Add +9.3%
BSV Vanguard Short-Term Bond ETF 1.44% 268,024 $21.1M Add +5.3%
SCHM Schwab US Mid Cap ETF 1.37% 670,307 $20.2M Reduce -0.7%
SCHX Schwab US Large-Cap ETF 1.33% 728,336 $19.6M Reduce -1.1%
DFAS Dimensional US Small Cap ETF 1.12% 237,201 $16.5M Add +2.0%
IVV iShares Core S&P 500 ETF 1.12% 23,966 $16.4M Add +0.9%
VOE Vngrd Mrngstr MD-Cap Val ETF 1.08% 89,461 $15.9M Add +0.1%
IJJ iShares S&P Mid-Cap 400 Valu 1.07% 120,056 $15.8M Reduce -0.1%
VTV Vanguard Mrngstr Val ETF-Aui 1.06% 81,790 $15.6M Reduce -0.8%
QUAL iShares MSCI USA Quality Fac 1.04% 77,301 $15.4M Add +5.7%
VOOV Vanguard S&P 500 Value ETF 1.03% 74,136 $15.2M Reduce -0.9%
TIP iShares Tips Bond ETF 1.00% 133,199 $14.6M Reduce -0.5%
SLYV SS SPDR S&P 600 SC Val ETF 0.89% 143,431 $13.0M Reduce -0.7%
AVDE Avantis International Equity 0.86% 154,322 $12.7M Reduce -1.0%
IVOV Vanguard S&P Mid-Cap 400 Val 0.80% 116,480 $11.8M Reduce -1.1%
AVUV Avantis US Small Cap Value 0.79% 114,577 $11.7M Add +16.4%
SCHA Schwab US Small-Cap ETF 0.79% 408,365 $11.6M Reduce -1.1%
IUSV iShares Core S&P U.S. Value 0.78% 112,344 $11.5M Reduce -0.8%
MDY State Street SPDR S&P Midcap 0.76% 18,573 $11.2M Reduce -1.5%
DFAT Dimensional US Target Value 0.62% 152,294 $9.1M Add +9.3%
STIP iShares 0-5 Year Tips Bond E 0.58% 83,383 $8.5M Add +9.2%
DFEM Dimensional Emrg MRKT Core 0.54% 240,175 $7.9M Add +5.1%
DFUV Dimensional US Marketwide Va 0.48% 152,015 $7.1M Add +18.8%
SUB iShares Short-Term National 0.42% 57,779 $6.2M Reduce -12.1%
IEMG iShares Core MSCI Emerging 0.41% 89,404 $6.0M Add +4.2%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.35% 24,507 $5.2M Add +0.0%
IJS iShares S&P Small-Cap 600 Va 0.33% 42,858 $4.9M Reduce -2.2%
IWV iShares Russell 3000 ETF 0.32% 12,175 $4.7M Reduce -3.9%
ISTB iShares Core 1-5 Year Usd Bo 0.31% 94,072 $4.6M Add +2.5%
VWO Vanguard Ftse Emerging Marke 0.29% 79,115 $4.3M Add +0.4%
STPZ PIMCO 1-5 Year US Tips Index 0.29% 78,868 $4.2M Reduce -7.9%
VTIP Vanguard Short-Term Tips 0.29% 85,530 $4.2M Reduce -0.0%
IWB iShares Russell 1000 ETF 0.19% 7,304 $2.7M New
BRK.B Berkshire Hathaway Inc. Class B 0.16% 4,655 $2.3M Reduce -0.7%
VMBS Vanguard Mortgage-Backed Sec 0.14% 42,449 $2.0M Add +1.6%
VEA Vanguard Ftse Developed ETF 0.13% 30,798 $1.9M No change
NVDA Nvidia Corp. 0.13% 10,254 $1.9M Reduce -3.5%
AAPL Apple Inc. 0.11% 6,044 $1.6M Reduce -14.6%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.10% 33,329 $1.5M Reduce -1.3%
VNQ Vanguard Real Estate ETF 0.10% 16,813 $1.5M Reduce -0.2%
DFIV Dimensional International Va 0.10% 29,623 $1.5M Add +3.7%
MSFT Microsoft Corp. 0.10% 3,017 $1.5M Reduce -3.3%
VTI VG Morningstar TS MKT ETF-US 0.08% 3,513 $1.2M Reduce -0.6%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.08% 3,674 $1.2M Add +1.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.08% 3,924 $1.1M Reduce -2.2%
IWM iShares Russell 2000 ETF 0.07% 4,200 $1.0M Add +15.2%
DFSD Dimensional Short Duration 0.07% 21,519 $1.0M New
IWD iShares Russell 1000 Value E 0.06% 4,171 $877K Reduce -0.7%
AMZN Amazon.com Inc. 0.06% 3,719 $858K Add +10.8%
VIG Vanguard Dividend Apprec ETF 0.06% 3,760 $826K No change
EFA iShares MSCI Eafe ETF 0.05% 8,127 $780K Add +143.5%
BRK.A Berkshire Hathaway Inc. Class A 0.05% 1 $755K No change
GOOGL Alphabet Inc. Class A 0.05% 2,183 $683K Reduce -18.7%
DLN Wisdomtree US Largecap Divid 0.04% 7,456 $657K No change
VB Vanguard Most SM-Cap ETF-Usd 0.04% 2,541 $656K No change
SCHG Schwab US Large-Cap Growth 0.04% 19,334 $631K Reduce -5.2%
GOOG Alphabet Inc. Class C 0.04% 1,831 $575K Reduce -18.1%
META Meta Platforms Inc. Class A 0.04% 838 $553K Add +2.2%
SPMD SS SPDR P S&P 400 Midcap ETF 0.04% 9,264 $536K No change
AVGO Broadcom Inc. 0.03% 1,465 $507K Add +10.3%
DBEF Xtrackers MSCI Eafe Hedged E 0.03% 10,469 $504K New
AVDV Avantis Intl S/C Value ETF 0.03% 5,120 $481K Add +22.7%
DFCF Dimensional Core Fixed Inc. 0.03% 11,164 $475K New
AVUS Avantis U.S. Equity ETF 0.03% 4,044 $452K Add +7.0%
JPM JPMorgan Chase & Co. 0.03% 1,374 $443K Reduce -10.4%
IWN iShares Russell 2000 Value E 0.03% 2,440 $442K Reduce -0.3%
VT Vanguard Tot World STK ETF 0.03% 2,988 $421K Reduce -3.0%
DFSV Dimensional US Small Cap Val 0.03% 12,109 $398K Add +2.5%
IWR iShares Russell Mid-Cap ETF 0.03% 4,065 $391K No change
SCHF Schwab Intl Equity ETF 0.02% 14,938 $359K No change
LLY Eli Lilly & Co. 0.02% 325 $349K Add +8.7%
AVLV Avantis US Large Cap Value 0.02% 4,523 $343K New
QQQ Invesco QQQ Trust Series 1 0.02% 551 $339K Add +2.2%
QEMM State Street SPDR MSCI Emerg 0.02% 5,015 $332K No change
ILCB iShares Morningstar U.S. Equ 0.02% 3,306 $312K No change
VCIT Vanguard Int-Term Corporate 0.02% 3,616 $303K Reduce -12.2%
ONEY SS SPDR R1000 Yield Foc ETF 0.02% 2,295 $261K No change
WMT Walmart Inc. 0.02% 2,204 $246K Reduce -9.9%
SCHV Schwab US Large-Cap Value 0.02% 8,275 $245K No change
V Visa Inc. Class A 0.02% 660 $231K Reduce -12.0%
SPEM State Street SP PTF Em ETF 0.02% 4,828 $226K New
VUG Vanguard Mrngstar GR ETF-Sui 0.01% 451 $220K New
IGIB iShares 5-10Y Inv Grade Corp. 0.01% 4,007 $216K No change
AVEM Avantis Emerging Markets Eq 0.01% 2,766 $213K Add +0.6%
MA Mastercard Inc. Class A 0.01% 354 $202K Reduce -10.8%

Portfolio Sells Q3 2025 → Q4 2025
SPY SS SPDR S&P 500 ETF Trust-US Reduce -4.1% 3.10% −0.26
IVE iShares S&P 500 Value ETF Reduce -2.6% 1.54% −0.10
SUB iShares Short-Term National Reduce -12.1% 0.42% −0.09
TIP iShares Tips Bond ETF Reduce -0.5% 1.00% −0.08
SCHM Schwab US Mid Cap ETF Reduce -0.7% 1.37% −0.08
SCHX Schwab US Large-Cap ETF Reduce -1.1% 1.33% −0.07
IVOV Vanguard S&P Mid-Cap 400 Val Reduce -1.1% 0.80% −0.06
IJJ iShares S&P Mid-Cap 400 Valu Reduce -0.1% 1.07% −0.05
MDY State Street SPDR S&P Midcap Reduce -1.5% 0.76% −0.05
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.8% 1.06% −0.05
STPZ PIMCO 1-5 Year US Tips Index Reduce -7.9% 0.29% −0.05
VOOV Vanguard S&P 500 Value ETF Reduce -0.9% 1.03% −0.05
SCHA Schwab US Small-Cap ETF Reduce -1.1% 0.79% −0.04
SLYV SS SPDR S&P 600 SC Val ETF Reduce -0.7% 0.89% −0.04
IUSV iShares Core S&P U.S. Value Reduce -0.8% 0.78% −0.04
IWV iShares Russell 3000 ETF Reduce -3.9% 0.32% −0.03
AVDE Avantis International Equity Reduce -1.0% 0.86% −0.03
VTIP Vanguard Short-Term Tips Reduce -0.0% 0.29% −0.03
IJS iShares S&P Small-Cap 600 Va Reduce -2.2% 0.33% −0.02
AAPL Apple Inc. Reduce -14.6% 0.11% −0.02
MSFT Microsoft Corp. Reduce -3.3% 0.10% −0.02
ORCL Oracle Corp. Sold out 0.00% −0.02
NVDA Nvidia Corp. Reduce -3.5% 0.13% −0.01
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.7% 0.16% −0.01
VNQ Vanguard Real Estate ETF Reduce -0.2% 0.10% −0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -2.2% 0.08% −0.01
JPM JPMorgan Chase & Co. Reduce -10.4% 0.03% −0.00
VCIT Vanguard Int-Term Corporate Reduce -12.2% 0.02% −0.00
SCHG Schwab US Large-Cap Growth Reduce -5.2% 0.04% −0.00
VTI VG Morningstar TS MKT ETF-US Reduce -0.6% 0.08% −0.00
V Visa Inc. Class A Reduce -12.0% 0.02% −0.00
MA Mastercard Inc. Class A Reduce -10.8% 0.01% −0.00
FNDF Schwab Fndmn Intl LRG Co. ETF Reduce -1.3% 0.10% −0.00
IWD iShares Russell 1000 Value E Reduce -0.7% 0.06% −0.00
VT Vanguard Tot World STK ETF Reduce -3.0% 0.03% −0.00
WMT Walmart Inc. Reduce -9.9% 0.02% −0.00
IWN iShares Russell 2000 Value E Reduce -0.3% 0.03% −0.00
GOOGL Alphabet Inc. Class A Reduce -18.7% 0.05% −0.00
GOOG Alphabet Inc. Class C Reduce -18.1% 0.04% −0.00

Portfolio Buys Q3 2025 → Q4 2025
VTEB Vanguard Tax-Exempt Bond ETF Add +11.3% 5.09% +0.24
IWB iShares Russell 1000 ETF New 0.19% +0.19
MBB iShares MBS ETF Add +10.9% 3.87% +0.16
SPYV SS SPDR P S&P 500 Value ETF Add +5.4% 9.23% +0.15
VCSH Vanguard S/T Corp. Bond ETF Add +9.9% 4.44% +0.13
MDYV SS SPDR S&P 400 MC Val ETF Add +7.9% 4.51% +0.13
SCHP Schwab U.S. Tips ETF Add +10.9% 3.98% +0.09
AVUV Avantis US Small Cap Value Add +16.4% 0.79% +0.09
DFAC Dimensional US Core Equity 2 Add +7.2% 2.42% +0.08
DFSD Dimensional Short Duration New 0.07% +0.07
DFUV Dimensional US Marketwide Va Add +18.8% 0.48% +0.07
DFIC Dimensional International Co. Add +4.8% 1.85% +0.06
BND Vanguard Total Bond Market Add +7.8% 6.87% +0.06
IJH iShares Core S&P Midcap ETF Add +6.0% 7.08% +0.05
DUHP Dimensional US High Profi Et Add +9.3% 1.45% +0.05
DBEF Xtrackers MSCI Eafe Hedged E New 0.03% +0.03
DFCF Dimensional Core Fixed Inc. New 0.03% +0.03
EFA iShares MSCI Eafe ETF Add +143.5% 0.05% +0.03
DFAT Dimensional US Target Value Add +9.3% 0.62% +0.03
AVLV Avantis US Large Cap Value New 0.02% +0.02
SPEM State Street SP PTF Em ETF New 0.02% +0.02
VUG Vanguard Mrngstar GR ETF-Sui New 0.01% +0.01
QUAL iShares MSCI USA Quality Fac Add +5.7% 1.04% +0.01
IJR iShares Core S&P Small-Cap E Add +6.2% 1.56% +0.01
DFEM Dimensional Emrg MRKT Core Add +5.1% 0.54% +0.01
STIP iShares 0-5 Year Tips Bond E Add +9.2% 0.58% +0.01
LLY Eli Lilly & Co. Add +8.7% 0.02% +0.01
IWM iShares Russell 2000 ETF Add +15.2% 0.07% +0.01
AVDV Avantis Intl S/C Value ETF Add +22.7% 0.03% +0.01
DFIV Dimensional International Va Add +3.7% 0.10% +0.01
AMZN Amazon.com Inc. Add +10.8% 0.06% +0.01
AVGO Broadcom Inc. Add +10.3% 0.03% +0.00
AVUS Avantis U.S. Equity ETF Add +7.0% 0.03% +0.00
DFSV Dimensional US Small Cap Val Add +2.5% 0.03% −0.00
QQQ Invesco QQQ Trust Series 1 Add +2.2% 0.02% −0.00
AVEM Avantis Emerging Markets Eq Add +0.6% 0.01% −0.00
IEMG iShares Core MSCI Emerging Add +4.2% 0.41% −0.00
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +1.4% 0.08% −0.00
META Meta Platforms Inc. Class A Add +2.2% 0.04% −0.01
VMBS Vanguard Mortgage-Backed Sec Add +1.6% 0.14% −0.01
ISTB iShares Core 1-5 Year Usd Bo Add +2.5% 0.31% −0.01
VBR Vngrd Mrngst SL-CP Val ETF-U Add +0.0% 0.35% −0.02
BSV Vanguard Short-Term Bond ETF Add +5.3% 1.44% −0.02
VWO Vanguard Ftse Emerging Marke Add +0.4% 0.29% −0.02
DFAS Dimensional US Small Cap ETF Add +2.0% 1.12% −0.03
IVV iShares Core S&P 500 ETF Add +0.9% 1.12% −0.03
AGG iShares Core U.S. Aggregate Add +4.3% 1.49% −0.04
VOE Vngrd Mrngstr MD-Cap Val ETF Add +0.1% 1.08% −0.05
MUB iShares National Muni Bond E Add +3.7% 2.56% −0.05
IGSB iShares 1-5Y Inv Grade Corp. Add +1.3% 1.75% −0.09

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