Marotta Asset Management

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 10, 2025), Marotta Asset Management reported 110 stock positions worth $478.0 million. Its top holding was Vngrd Mrngstr MD-Cap Val ETF (VOE) at 7.5% of the portfolio, followed by Vanguard Info Tech ETF (VGT, 7.0%) and Vanguard Short-Term Tips (VTIP, 6.5%). Compared with Q3 2024, it opened 3 new positions, sold out of 4, added to 21 and reduced 60. The biggest buy was Fidelity MSCI Health Care (FHLC, shares +62%) and the biggest sale Vngrd Mrngstr MD-Cap Val ETF (VOE, shares −6%).

Most Recent 13F
Q2 2026
Location
CHARLOTTESVILLE, VA
CIK
0001802091
Portfolio Value
$478.0M (Q4 2024)
SEC Filing
0001802091-25-000001 ↗ filed Jan 10, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $483.4M Q1 2024 Q2 2024: $483.4M Q2 2024 Q3 2024: $509.4M Q3 2024 Q4 2024: $478.0M $478.0M Q4 2024 Q1 2025: $509.4M Q1 2025 Q2 2025: $498.6M Q2 2025 Q3 2025: $531.2M Q3 2025 Q4 2025: $540.2M Q4 2025 Q1 2026: $543.1M Q1 2026 Q2 2026: $600.9M Q2 2026

Holdings 110 stocks · $478.0M
VOE Vngrd Mrngstr MD-Cap Val ETF 7.51% 222,570 $35.9M Reduce -6.1%
VGT Vanguard Info Tech ETF 6.96% 53,541 $33.3M Reduce -6.1%
VTIP Vanguard Short-Term Tips 6.48% 639,385 $31.0M Reduce -1.2%
BNDX Vanguard Total Intl Bond ETF 6.01% 585,337 $28.7M Reduce -1.3%
XCEM Columbia Em Core Ex-China 5.42% 874,044 $25.9M Add +0.7%
VBR Vngrd Mrngst SL-CP Val ETF-U 5.38% 130,135 $25.7M Reduce -5.0%
VDC Vanguard Consumer Staple ETF 3.91% 88,716 $18.7M Reduce -7.2%
VHT Vanguard Health Care ETF 3.55% 66,832 $17.0M Add +1.6%
VWOB Vanguard Emerg MKTS Gov BND 3.26% 246,131 $15.6M Reduce -1.7%
VWO Vanguard Ftse Emerging Marke 3.04% 330,543 $14.5M Reduce -1.1%
SCHO Schwab Short-Term US Treas 2.83% 560,810 $13.5M Reduce -2.4%
SCHP Schwab U.S. Tips ETF 2.61% 482,507 $12.5M Reduce -1.6%
EIRL iShares MSCI Ireland ETF 1.87% 153,262 $8.9M Add +8.8%
EDEN iShares MSCI Denmark ETF 1.82% 80,855 $8.7M Add +5.1%
QUS SS SPDR MSCI U Stratfact ETF 1.77% 54,704 $8.5M Reduce -6.2%
EFNL iShares MSCI Finland ETF 1.76% 258,886 $8.4M Reduce -0.7%
FLSW Franklin Ftse Switzerland 1.69% 253,432 $8.1M Add +4.3%
EWD iShares MSCI Sweden ETF 1.69% 215,735 $8.1M Add +0.0%
EWN iShares MSCI Netherlands ETF 1.67% 180,257 $8.0M Add +8.8%
ENZL iShares MSCI New Zealand ETF 1.59% 166,885 $7.6M Reduce -5.3%
VOO Vanguard S&P 500 ETF 1.56% 13,889 $7.5M Reduce -3.7%
EWO iShares MSCI Austria ETF 1.54% 356,970 $7.4M Reduce -1.1%
SCHZ Schwab US Aggregate Bond ETF 1.36% 286,485 $6.5M Reduce -0.8%
XBI SS SPDR S&P Biotech ETF 1.21% 63,196 $5.8M Add +2.0%
FLGR Franklin Ftse Germany ETF 1.20% 231,042 $5.7M Reduce -0.4%
VGSH Vanguard Short-Term Treasury 1.12% 92,426 $5.4M Add +8.4%
SCHE Schwab Emrg Mrkts Eqty ETF 1.06% 190,069 $5.1M Reduce -8.1%
FSTA Fidelity MSCI Cons Stap Indx 0.96% 93,656 $4.6M Add +3.6%
VNQ Vanguard Real Estate ETF 0.96% 51,850 $4.6M Reduce -4.4%
MDYV SS SPDR S&P 400 MC Val ETF 0.92% 55,243 $4.4M Reduce -5.4%
FHLC Fidelity MSCI Health Care 0.89% 65,272 $4.3M Add +62.4%
FTEC Fidelity MSCI Info Tech Indx 0.81% 20,949 $3.9M Add +20.2%
FREL Fidelity MSCI RL Est Indx 0.80% 143,514 $3.8M Add +1.4%
VNQI Vanguard GLBL Ex-US Real Est 0.79% 96,498 $3.8M Add +2.4%
SLYV SS SPDR S&P 600 SC Val ETF 0.72% 39,644 $3.4M Reduce -5.6%
VTI VG Morningstar TS MKT ETF-US 0.68% 11,312 $3.3M Reduce -9.0%
IXN iShares Global Tech ETF 0.68% 38,267 $3.2M No change
VTV Vanguard Mrngstr Val ETF-Aui 0.65% 18,389 $3.1M Reduce -8.6%
FLTW Franklin Ftse Taiwan ETF 0.56% 57,290 $2.7M Reduce -2.5%
META Meta Platforms Inc. Class A 0.55% 4,369 $2.6M No change
FLKR Franklin Ftse South Korea 0.52% 142,383 $2.5M Add +22.1%
WFC Wells Fargo & Co. 0.52% 35,237 $2.5M No change
AMZN Amazon.com Inc. 0.49% 10,534 $2.3M Add +1.6%
AAPL Apple Inc. 0.42% 8,256 $2.0M Reduce -2.9%
ECH iShares MSCI Chile ETF 0.41% 79,808 $2.0M Reduce -4.1%
IXJ iShares Global Healthcare Et 0.41% 22,570 $1.9M Reduce -3.2%
MSFT Microsoft Corp. 0.40% 4,595 $1.9M Reduce -5.6%
TFC Truist Financial Corp. 0.38% 42,297 $1.8M Add +0.2%
BND Vanguard Total Bond Market 0.37% 24,584 $1.8M Add +3.2%
NVO Novo-Nordisk A/S-Spons ADR 0.29% 16,088 $1.4M Reduce -3.4%
FLMX Franklin Ftse Mexico ETF 0.29% 59,717 $1.4M Add +10.5%
SCHG Schwab US Large-Cap Growth 0.27% 45,582 $1.3M Reduce -4.5%
FLAU Franklin Ftse Australia ETF 0.23% 39,483 $1.1M Reduce -11.1%
GD General Dynamics Corp. 0.21% 3,863 $1.0M Reduce -0.5%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.20% 3,601 $950K No change
ACN Accenture PLC Class A 0.18% 2,447 $854K No change
AZN Astrazeneca PLC-Spons ADR 0.17% 12,586 $829K Reduce -3.2%
V Visa Inc. Class A 0.17% 2,535 $797K No change
UNH Unitedhealth Group Inc. 0.16% 1,492 $753K No change
MCD McDonald's Corp. 0.15% 2,438 $713K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.14% 1,181 $690K Reduce -24.6%
NVS Novartis AG-Sponsored ADR 0.14% 7,003 $680K Reduce -3.7%
ALC Alcon Inc. filed as ALCON AG 0.14% 8,105 $676K Reduce -4.4%
FISV Fiserv Inc. 0.14% 3,211 $661K No change
TXN Texas Instruments Inc. 0.12% 3,127 $585K Reduce -1.0%
JPM JPMorgan Chase & Co. 0.12% 2,305 $553K Reduce -10.6%
EWL iShares MSCI Switzerland ETF 0.12% 12,052 $553K Reduce -6.7%
BRK.B Berkshire Hathaway Inc. Class B 0.11% 1,162 $524K Add +0.7%
GOOGL Alphabet Inc. Class A 0.10% 2,479 $470K Reduce -9.0%
XOM Exxon Mobil Corp. 0.10% 4,370 $469K Reduce -4.7%
NVR NVR Inc. 0.10% 57 $455K No change
GATO Gatos Silver Inc. 0.10% 30,000 $454K No change
NSC Norfolk Southern Corp. 0.09% 1,930 $453K No change
GMS GMS Inc. 0.09% 5,245 $442K No change
UNP Union Pacific Corp. 0.09% 1,885 $432K No change
DUK Duke Energy Corp. 0.09% 3,982 $429K Reduce -1.1%
NKSH National Bankshares Inc. 0.09% 15,207 $425K No change
KO The Coca-Cola Co. 0.09% 6,866 $425K No change
IBB iShares Biotechnology ETF 0.09% 3,148 $418K No change
MCK McKesson Corp. 0.09% 728 $412K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.08% 3,598 $399K Reduce -4.0%
ADP Automatic Data Processing 0.08% 1,362 $395K No change
JNJ Johnson & Johnson 0.08% 2,676 $385K Reduce -6.2%
HON Honeywell International Inc. 0.08% 1,657 $374K No change
SCHV Schwab US Large-Cap Value 0.08% 14,353 $373K Reduce -13.7%
LMT Lockheed Martin Corp. 0.08% 753 $363K Reduce -1.6%
TSLA Tesla Inc. 0.07% 945 $358K New
DFAC Dimensional US Core Equity 2 0.07% 10,179 $352K No change
DE Deere & Co. 0.07% 834 $349K No change
GOOG Alphabet Inc. Class C 0.07% 1,822 $347K Add +0.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 1,557 $342K Reduce -6.2%
CVX Chevron Corp. 0.07% 2,323 $341K No change
LNG Cheniere Energy Inc. 0.07% 1,500 $331K No change
VFC VF Corp. 0.07% 14,848 $320K Reduce -0.5%
IWN iShares Russell 2000 Value E 0.07% 1,941 $318K Reduce -5.1%
ABBV Abbvie Inc. 0.06% 1,708 $306K Reduce -4.0%
SNN Smith & Nephew PLC -Spon ADR 0.06% 11,849 $289K Reduce -6.1%
GMAB Genmab A/S -SP ADR 0.06% 12,793 $269K Reduce -5.5%
CAT Caterpillar Inc. 0.05% 696 $250K Reduce -0.1%
PG The Procter & Gamble Co. 0.05% 1,486 $247K Reduce -11.6%
ELV Elevance Health Inc. 0.05% 639 $234K Reduce -0.2%
AVGO Broadcom Inc. 0.05% 963 $223K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.05% 4,898 $217K Reduce -4.5%
WMT Walmart Inc. 0.04% 2,371 $213K Reduce -8.5%
IWS iShares Russell Mid-Cap Valu 0.04% 1,617 $208K Reduce -15.0%
KTB Kontoor Brands Inc. 0.04% 2,411 $205K New
HLN Haleon PLC-ADR 0.03% 15,820 $149K Reduce -4.1%
BHC Bausch Health Cos Inc. 0.03% 16,602 $132K Reduce -4.3%
CDE Coeur Mining Inc. 0.02% 15,000 $93K No change
NRDY Nerdy Inc. 0.01% 25,000 $39K No change

Portfolio Sells Q3 2024 → Q4 2024
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -6.1% 7.51% −0.29
VDC Vanguard Consumer Staple ETF Reduce -7.2% 3.91% −0.19
EFNL iShares MSCI Finland ETF Reduce -0.7% 1.76% −0.18
SCHE Schwab Emrg Mrkts Eqty ETF Reduce -8.1% 1.06% −0.13
ENZL iShares MSCI New Zealand ETF Reduce -5.3% 1.59% −0.13
VWO Vanguard Ftse Emerging Marke Reduce -1.1% 3.04% −0.10
NVO Novo-Nordisk A/S-Spons ADR Reduce -3.4% 0.29% −0.09
VNQ Vanguard Real Estate ETF Reduce -4.4% 0.96% −0.08
EWO iShares MSCI Austria ETF Reduce -1.1% 1.54% −0.07
FLAU Franklin Ftse Australia ETF Reduce -11.1% 0.23% −0.05
SCHH Schwab US REIT ETF Sold out 0.00% −0.04
VCSH Vanguard S/T Corp. Bond ETF Sold out 0.00% −0.04
IXJ iShares Global Healthcare Et Reduce -3.2% 0.41% −0.04
VEA Vanguard Ftse Developed ETF Sold out 0.00% −0.04
VIG Vanguard Dividend Apprec ETF Sold out 0.00% −0.04
VTV Vanguard Mrngstr Val ETF-Aui Reduce -8.6% 0.65% −0.04
QUS SS SPDR MSCI U Stratfact ETF Reduce -6.2% 1.77% −0.03
ECH iShares MSCI Chile ETF Reduce -4.1% 0.41% −0.03
SPY SS SPDR S&P 500 ETF Trust-US Reduce -24.6% 0.14% −0.03
AZN Astrazeneca PLC-Spons ADR Reduce -3.2% 0.17% −0.03
ALC Alcon Inc. Reduce -4.4% 0.14% −0.03
NVS Novartis AG-Sponsored ADR Reduce -3.7% 0.14% −0.02
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -5.0% 5.38% −0.02
GD General Dynamics Corp. Reduce -0.5% 0.21% −0.02
SNN Smith & Nephew PLC -Spon ADR Reduce -6.1% 0.06% −0.02
ELV Elevance Health Inc. Reduce -0.2% 0.05% −0.02
EWL iShares MSCI Switzerland ETF Reduce -6.7% 0.12% −0.02
FLGR Franklin Ftse Germany ETF Reduce -0.4% 1.20% −0.01
LMT Lockheed Martin Corp. Reduce -1.6% 0.08% −0.01
JNJ Johnson & Johnson Reduce -6.2% 0.08% −0.01
SCHV Schwab US Large-Cap Value Reduce -13.7% 0.08% −0.01
MSFT Microsoft Corp. Reduce -5.6% 0.40% −0.01
GMAB Genmab A/S -SP ADR Reduce -5.5% 0.06% −0.01
XOM Exxon Mobil Corp. Reduce -4.7% 0.10% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -9.0% 0.68% −0.01
IWS iShares Russell Mid-Cap Valu Reduce -15.0% 0.04% −0.01
TXN Texas Instruments Inc. Reduce -1.0% 0.12% −0.01
PG The Procter & Gamble Co. Reduce -11.6% 0.05% −0.01
ABBV Abbvie Inc. Reduce -4.0% 0.06% −0.00
HLN Haleon PLC-ADR Reduce -4.1% 0.03% −0.00
DUK Duke Energy Corp. Reduce -1.1% 0.09% −0.00
CAT Caterpillar Inc. Reduce -0.1% 0.05% −0.00
VWOB Vanguard Emerg MKTS Gov BND Reduce -1.7% 3.26% −0.00
IBM Intl Business Machines Corp. Reduce -6.2% 0.07% −0.00
IWN iShares Russell 2000 Value E Reduce -5.1% 0.07% −0.00
BHC Bausch Health Cos Inc. Reduce -4.3% 0.03% −0.00
WMT Walmart Inc. Reduce -8.5% 0.04% +0.00
FLTW Franklin Ftse Taiwan ETF Reduce -2.5% 0.56% +0.00
SLYV SS SPDR S&P 600 SC Val ETF Reduce -5.6% 0.72% +0.01
BAC Bank of America Corp. Reduce -4.5% 0.05% +0.01

Portfolio Buys Q3 2024 → Q4 2024
FHLC Fidelity MSCI Health Care Add +62.4% 0.89% +0.32
FTEC Fidelity MSCI Info Tech Indx Add +20.2% 0.81% +0.21
VGSH Vanguard Short-Term Treasury Add +8.4% 1.12% +0.14
AMZN Amazon.com Inc. Add +1.6% 0.49% +0.11
TSLA Tesla Inc. New 0.07% +0.07
FSTA Fidelity MSCI Cons Stap Indx Add +3.6% 0.96% +0.06
AVGO Broadcom Inc. New 0.05% +0.05
KTB Kontoor Brands Inc. New 0.04% +0.04
FLKR Franklin Ftse South Korea Add +22.1% 0.52% +0.04
TFC Truist Financial Corp. Add +0.2% 0.38% +0.03
EWN iShares MSCI Netherlands ETF Add +8.8% 1.67% +0.02
BND Vanguard Total Bond Market Add +3.2% 0.37% +0.02
GOOG Alphabet Inc. Class C Add +0.1% 0.07% +0.01
FLMX Franklin Ftse Mexico ETF Add +10.5% 0.29% +0.01
XBI SS SPDR S&P Biotech ETF Add +2.0% 1.21% +0.01
BRK.B Berkshire Hathaway Inc. Class B Add +0.7% 0.11% +0.01
FREL Fidelity MSCI RL Est Indx Add +1.4% 0.80% −0.01
FLSW Franklin Ftse Switzerland Add +4.3% 1.69% −0.03
EIRL iShares MSCI Ireland ETF Add +8.8% 1.87% −0.03
VNQI Vanguard GLBL Ex-US Real Est Add +2.4% 0.79% −0.07
VHT Vanguard Health Care ETF Add +1.6% 3.55% −0.09
EDEN iShares MSCI Denmark ETF Add +5.1% 1.82% −0.10
XCEM Columbia Em Core Ex-China Add +0.7% 5.42% −0.15
EWD iShares MSCI Sweden ETF Add +0.0% 1.69% −0.15

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 103$600.9MVOE, XCEM, VBR, VGT, VTIP
Q1 2026 103$543.1MVOE, XCEM, VTIP, VBR, BNDX
Q4 2025 102$540.2MVOE, XCEM, VTIP, VGT, VBR
Q3 2025 109$531.2MVOE, VGT, XCEM, VTIP, BNDX
Q2 2025 105$498.6MVOE, VGT, VTIP, XCEM, BNDX
Q1 2025 111$509.4MVOE, VGT, VTIP, BNDX, XCEM
Q4 2024 110$478.0MVOE, VGT, VTIP, BNDX, XCEM
Q3 2024 111$509.4MVOE, VGT, VTIP, BNDX, XCEM
Q2 2024 110$483.4MVOE, VGT, VTIP, BNDX, XCEM
Q1 2024 104$483.4MVOE, VGT, VTIP, BNDX, VBR