Marotta Asset Management

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 16, 2025), Marotta Asset Management reported 109 stock positions worth $531.2 million. Its top holding was Vngrd Mrngstr MD-Cap Val ETF (VOE) at 7.3% of the portfolio, followed by Vanguard Info Tech ETF (VGT, 6.5%) and Columbia Em Core Ex-China (XCEM, 6.1%). Compared with Q2 2025, it opened 5 new positions, sold out of 1, added to 38 and reduced 35. The biggest buy was Fidelity MSCI Health Care (FHLC, shares +27%) and the biggest sale Vanguard Info Tech ETF (VGT, shares −10%).

Most Recent 13F
Q2 2026
Location
CHARLOTTESVILLE, VA
CIK
0001802091
Portfolio Value
$531.2M (Q3 2025)
SEC Filing
0001802091-25-000005 ↗ filed Oct 16, 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 Q4 2024 Q1 2025: $509.4M Q1 2025 Q2 2025: $498.6M Q2 2025 Q3 2025: $531.2M $531.2M Q3 2025 Q4 2025: $540.2M Q4 2025 Q1 2026: $543.1M Q1 2026 Q2 2026: $600.9M Q2 2026

Holdings 109 stocks · $531.2M
VOE Vngrd Mrngstr MD-Cap Val ETF 7.32% 223,279 $38.9M Add +1.3%
VGT Vanguard Info Tech ETF 6.47% 45,686 $34.4M Reduce -9.9%
XCEM Columbia Em Core Ex-China 6.10% 885,909 $32.4M Add +1.1%
VTIP Vanguard Short-Term Tips 6.03% 640,500 $32.0M Add +2.3%
BNDX Vanguard Total Intl Bond ETF 5.46% 586,994 $29.0M Add +2.1%
VBR Vngrd Mrngst SL-CP Val ETF-U 5.42% 137,510 $28.8M Add +3.3%
VHT Vanguard Health Care ETF 3.45% 68,777 $18.3M Add +2.7%
VWO Vanguard Ftse Emerging Marke 3.31% 322,055 $17.6M Reduce -0.8%
VWOB Vanguard Emerg MKTS Gov BND 3.06% 243,449 $16.3M Add +0.4%
VDC Vanguard Consumer Staple ETF 3.02% 75,184 $16.0M Add +1.3%
SCHO Schwab Short-Term US Treas 2.68% 585,005 $14.3M Add +2.1%
SCHP Schwab U.S. Tips ETF 2.45% 482,937 $13.0M Add +4.3%
EWN iShares MSCI Netherlands ETF 2.04% 184,002 $10.8M Add +3.1%
EIRL iShares MSCI Ireland ETF 2.03% 157,978 $10.8M Add +2.3%
EFNL iShares MSCI Finland ETF 2.01% 248,185 $10.7M Add +2.1%
EDEN iShares MSCI Denmark ETF 2.01% 95,101 $10.7M Add +9.2%
FHLC Fidelity MSCI Health Care 1.92% 148,227 $10.2M Add +27.3%
FLSW Franklin Ftse Switzerland 1.90% 260,442 $10.1M Add +8.2%
EWD iShares MSCI Sweden ETF 1.80% 200,422 $9.5M Add +7.9%
EWO iShares MSCI Austria ETF 1.76% 296,697 $9.3M Reduce -1.9%
QUS SS SPDR MSCI U Stratfact ETF 1.75% 54,251 $9.3M Add +0.7%
VOO Vanguard S&P 500 ETF 1.55% 13,430 $8.3M Reduce -5.3%
ENZL iShares MSCI New Zealand ETF 1.47% 167,288 $7.8M Add +2.6%
FTEC Fidelity MSCI Info Tech Indx 1.44% 34,037 $7.6M Reduce -13.6%
XBI SS SPDR S&P Biotech ETF 1.41% 73,860 $7.5M Reduce -1.1%
FLGR Franklin Ftse Germany ETF 1.26% 200,165 $6.7M Add +2.5%
SCHZ Schwab US Aggregate Bond ETF 1.25% 284,010 $6.7M Add +1.8%
FSTA Fidelity MSCI Cons Stap Indx 1.24% 132,105 $6.6M Add +28.8%
SCHE Schwab Emrg Mrkts Eqty ETF 0.98% 154,690 $5.2M Reduce -0.4%
FREL Fidelity MSCI RL Est Indx 0.96% 184,174 $5.1M Add +10.0%
VGSH Vanguard Short-Term Treasury 0.94% 85,468 $5.0M Add +9.4%
VNQ Vanguard Real Estate ETF 0.90% 52,167 $4.8M Add +5.6%
VNQI Vanguard GLBL Ex-US Real Est 0.84% 93,738 $4.5M Reduce -2.4%
MDYV SS SPDR S&P 400 MC Val ETF 0.81% 51,609 $4.3M Reduce -3.7%
SLYV SS SPDR S&P 600 SC Val ETF 0.78% 46,632 $4.2M Reduce -3.3%
FLKR Franklin Ftse South Korea 0.73% 141,399 $3.9M Reduce -18.2%
IXN iShares Global Tech ETF 0.67% 34,341 $3.6M Reduce -0.0%
VTI VG Morningstar TS MKT ETF-US 0.64% 10,286 $3.4M Reduce -2.7%
VTV Vanguard Mrngstr Val ETF-Aui 0.60% 17,169 $3.2M Reduce -10.2%
FLTW Franklin Ftse Taiwan ETF 0.58% 51,753 $3.1M Reduce -2.1%
GD General Dynamics Corp. 0.57% 8,851 $3.0M No change
WFC Wells Fargo & Co. 0.54% 35,181 $2.8M No change
MSFT Microsoft Corp. 0.43% 4,437 $2.3M Add +0.1%
AMZN Amazon.com Inc. 0.43% 10,241 $2.3M No change
ECH iShares MSCI Chile ETF 0.42% 68,971 $2.3M Add +3.1%
BND Vanguard Total Bond Market 0.39% 27,931 $2.1M Add +6.2%
META Meta Platforms Inc. Class A 0.38% 2,834 $2.0M No change
AAPL Apple Inc. 0.37% 7,677 $2.0M Add +1.6%
IXJ iShares Global Healthcare Et 0.35% 20,017 $1.8M Reduce -3.6%
FLMX Franklin Ftse Mexico ETF 0.33% 53,173 $1.7M Add +3.6%
TFC Truist Financial Corp. 0.30% 35,419 $1.6M Add +0.6%
SCHG Schwab US Large-Cap Growth 0.25% 40,731 $1.3M Reduce -2.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.20% 3,560 $1.0M No change
FLAU Franklin Ftse Australia ETF 0.18% 30,139 $977K Reduce -3.7%
AG First Majestic Silver Corp. 0.18% 76,500 $938K No change
NVS Novartis AG-Sponsored ADR 0.16% 6,572 $866K Reduce -0.8%
AZN Astrazeneca PLC-Spons ADR 0.16% 10,230 $863K Reduce -4.1%
NVO Novo-Nordisk A/S-Spons ADR 0.16% 14,531 $860K Reduce -0.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.14% 1,124 $751K Reduce -4.5%
EWL iShares MSCI Switzerland ETF 0.12% 11,524 $645K Reduce -1.1%
ALC Alcon Inc. filed as ALCON AG 0.11% 7,679 $577K Reduce -0.8%
GOOGL Alphabet Inc. Class A 0.10% 2,270 $556K Add +3.4%
GOOG Alphabet Inc. Class C 0.10% 2,147 $527K Add +22.9%
BRK.B Berkshire Hathaway Inc. Class B 0.09% 1,005 $501K Reduce -12.2%
DUK Duke Energy Corp. 0.09% 3,965 $485K Add +0.0%
IBB iShares Biotechnology ETF 0.09% 3,148 $468K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.09% 1,605 $460K Add +34.0%
NVR NVR Inc. 0.09% 57 $458K No change
KO The Coca-Cola Co. 0.09% 6,813 $455K No change
XOM Exxon Mobil Corp. 0.08% 3,870 $433K Reduce -7.2%
JPM JPMorgan Chase & Co. 0.08% 1,390 $432K No change
DFAC Dimensional US Core Equity 2 0.07% 10,210 $395K No change
IVV iShares Core S&P 500 ETF 0.07% 571 $384K Add +41.0%
ACN Accenture PLC Class A 0.07% 1,575 $384K No change
GMAB Genmab A/S -SP ADR 0.07% 11,923 $379K Reduce -1.3%
LMT Lockheed Martin Corp. 0.07% 750 $374K No change
MCK McKesson Corp. 0.07% 486 $372K Reduce -7.6%
DE Deere & Co. 0.07% 800 $361K No change
SCHV Schwab US Large-Cap Value 0.07% 12,142 $354K Reduce -4.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.07% 3,129 $353K No change
SNN Smith & Nephew PLC -Spon ADR 0.07% 9,544 $351K Reduce -6.3%
UNH Unitedhealth Group Inc. 0.07% 1,005 $350K Reduce -31.6%
LNG Cheniere Energy Inc. 0.07% 1,500 $348K No change
IWN iShares Russell 2000 Value E 0.06% 1,797 $319K No change
NSC Norfolk Southern Corp. 0.05% 975 $291K No change
CDE Coeur Mining Inc. 0.05% 15,000 $283K No change
CVX Chevron Corp. 0.05% 1,810 $280K No change
AVGO Broadcom Inc. 0.05% 803 $268K No change
ABBV Abbvie Inc. 0.05% 1,041 $254K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.05% 4,898 $248K No change
JNJ Johnson & Johnson 0.05% 1,292 $240K Reduce -2.2%
GEV GE Vernova Inc. 0.05% 396 $240K Add +1.0%
WMT Walmart Inc. 0.04% 2,318 $236K No change
CAT Caterpillar Inc. 0.04% 491 $236K New
FUTY Fidelity MSCI US Utilities 0.04% 4,143 $236K Add +0.3%
UNP Union Pacific Corp. 0.04% 1,004 $236K No change
CSCO Cisco Systems Inc. 0.04% 3,424 $235K New
ORCL Oracle Corp. 0.04% 798 $231K New
VXF Vanguard Extended Market ETF 0.04% 1,085 $228K No change
VFC VF Corp. 0.04% 14,848 $228K No change
IWS iShares Russell Mid-Cap Valu 0.04% 1,617 $226K No change
VEA Vanguard Ftse Developed ETF 0.04% 3,696 $223K No change
EQT Eqt Corp. 0.04% 3,601 $202K No change
D Dominion Energy Inc. 0.04% 3,320 $202K New
FISV Fiserv Inc. 0.04% 1,600 $202K Reduce -50.0%
HLN Haleon PLC-ADR 0.02% 12,094 $109K Reduce -6.2%
BHC Bausch Health Cos Inc. 0.02% 13,225 $88K Reduce -6.0%
NRDY Nerdy Inc. 0.01% 25,000 $31K No change
BW Babcock & Wilcox Enterpr 0.01% 10,866 $30K No change

Portfolio Sells Q2 2025 → Q3 2025
VGT Vanguard Info Tech ETF Reduce -9.9% 6.47% −0.27
FTEC Fidelity MSCI Info Tech Indx Reduce -13.6% 1.44% −0.12
FLKR Franklin Ftse South Korea Reduce -18.2% 0.73% −0.11
VTV Vanguard Mrngstr Val ETF-Aui Reduce -10.2% 0.60% −0.07
FISV Fiserv Inc. Reduce -50.0% 0.04% −0.07
VOO Vanguard S&P 500 ETF Reduce -5.3% 1.55% −0.06
ELV Elevance Health Inc. Sold out 0.00% −0.05
VNQI Vanguard GLBL Ex-US Real Est Reduce -2.4% 0.84% −0.04
NVO Novo-Nordisk A/S-Spons ADR Reduce -0.8% 0.16% −0.04
MDYV SS SPDR S&P 400 MC Val ETF Reduce -3.7% 0.81% −0.04
ALC Alcon Inc. Reduce -0.8% 0.11% −0.03
EWO iShares MSCI Austria ETF Reduce -1.9% 1.76% −0.03
UNH Unitedhealth Group Inc. Reduce -31.6% 0.07% −0.03
BRK.B Berkshire Hathaway Inc. Class B Reduce -12.2% 0.09% −0.02
IXJ iShares Global Healthcare Et Reduce -3.6% 0.35% −0.01
FLAU Franklin Ftse Australia ETF Reduce -3.7% 0.18% −0.01
XOM Exxon Mobil Corp. Reduce -7.2% 0.08% −0.01
MCK McKesson Corp. Reduce -7.6% 0.07% −0.01
EWL iShares MSCI Switzerland ETF Reduce -1.1% 0.12% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -2.7% 0.64% −0.01
HLN Haleon PLC-ADR Reduce -6.2% 0.02% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -4.5% 0.14% −0.00
SCHV Schwab US Large-Cap Value Reduce -4.0% 0.07% −0.00
BHC Bausch Health Cos Inc. Reduce -6.0% 0.02% −0.00
NVS Novartis AG-Sponsored ADR Reduce -0.8% 0.16% +0.00
SCHG Schwab US Large-Cap Growth Reduce -2.0% 0.25% +0.00
SNN Smith & Nephew PLC -Spon ADR Reduce -6.3% 0.07% +0.00
JNJ Johnson & Johnson Reduce -2.2% 0.05% +0.00
SLYV SS SPDR S&P 600 SC Val ETF Reduce -3.3% 0.78% +0.01
AZN Astrazeneca PLC-Spons ADR Reduce -4.1% 0.16% +0.01
GMAB Genmab A/S -SP ADR Reduce -1.3% 0.07% +0.02
FLTW Franklin Ftse Taiwan ETF Reduce -2.1% 0.58% +0.02
IXN iShares Global Tech ETF Reduce -0.0% 0.67% +0.04
SCHE Schwab Emrg Mrkts Eqty ETF Reduce -0.4% 0.98% +0.04
VWO Vanguard Ftse Emerging Marke Reduce -0.8% 3.31% +0.09
XBI SS SPDR S&P Biotech ETF Reduce -1.1% 1.41% +0.17

Portfolio Buys Q2 2025 → Q3 2025
FHLC Fidelity MSCI Health Care Add +27.3% 1.92% +0.42
VBR Vngrd Mrngst SL-CP Val ETF-U Add +3.3% 5.42% +0.22
FSTA Fidelity MSCI Cons Stap Indx Add +28.8% 1.24% +0.18
VHT Vanguard Health Care ETF Add +2.7% 3.45% +0.12
EWD iShares MSCI Sweden ETF Add +7.9% 1.80% +0.09
EWN iShares MSCI Netherlands ETF Add +3.1% 2.04% +0.09
XCEM Columbia Em Core Ex-China Add +1.1% 6.10% +0.09
FLSW Franklin Ftse Switzerland Add +8.2% 1.90% +0.07
AAPL Apple Inc. Add +1.6% 0.37% +0.06
FREL Fidelity MSCI RL Est Indx Add +10.0% 0.96% +0.06
VOE Vngrd Mrngstr MD-Cap Val ETF Add +1.3% 7.32% +0.05
ABBV Abbvie Inc. New 0.05% +0.05
CAT Caterpillar Inc. New 0.04% +0.04
CSCO Cisco Systems Inc. New 0.04% +0.04
ORCL Oracle Corp. New 0.04% +0.04
D Dominion Energy Inc. New 0.04% +0.04
GOOG Alphabet Inc. Class C Add +22.9% 0.10% +0.04
GOOGL Alphabet Inc. Class A Add +3.4% 0.10% +0.03
VGSH Vanguard Short-Term Treasury Add +9.4% 0.94% +0.02
IVV iShares Core S&P 500 ETF Add +41.0% 0.07% +0.02
FLMX Franklin Ftse Mexico ETF Add +3.6% 0.33% +0.02
EDEN iShares MSCI Denmark ETF Add +9.2% 2.01% +0.02
EFNL iShares MSCI Finland ETF Add +2.1% 2.01% +0.02
VNQ Vanguard Real Estate ETF Add +5.6% 0.90% +0.02
IBM Intl Business Machines Corp. Add +34.0% 0.09% +0.02
GEV GE Vernova Inc. Add +1.0% 0.05% +0.00
ECH iShares MSCI Chile ETF Add +3.1% 0.42% +0.00
BND Vanguard Total Bond Market Add +6.2% 0.39% +0.00
FUTY Fidelity MSCI US Utilities Add +0.3% 0.04% +0.00
TFC Truist Financial Corp. Add +0.6% 0.30% +0.00
DUK Duke Energy Corp. Add +0.0% 0.09% −0.00
MSFT Microsoft Corp. Add +0.1% 0.43% −0.01
QUS SS SPDR MSCI U Stratfact ETF Add +0.7% 1.75% −0.01
ENZL iShares MSCI New Zealand ETF Add +2.6% 1.47% −0.02
SCHP Schwab U.S. Tips ETF Add +4.3% 2.45% −0.03
SCHZ Schwab US Aggregate Bond ETF Add +1.8% 1.25% −0.05
EIRL iShares MSCI Ireland ETF Add +2.3% 2.03% −0.05
FLGR Franklin Ftse Germany ETF Add +2.5% 1.26% −0.06
VWOB Vanguard Emerg MKTS Gov BND Add +0.4% 3.06% −0.12
SCHO Schwab Short-Term US Treas Add +2.1% 2.68% −0.12
VDC Vanguard Consumer Staple ETF Add +1.3% 3.02% −0.24
BNDX Vanguard Total Intl Bond ETF Add +2.1% 5.46% −0.25
VTIP Vanguard Short-Term Tips Add +2.3% 6.03% −0.28

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