Marotta Asset Management

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 7, 2026), Marotta Asset Management reported 102 stock positions worth $540.2 million. Its top holding was Vngrd Mrngstr MD-Cap Val ETF (VOE) at 7.4% of the portfolio, followed by Columbia Em Core Ex-China (XCEM, 6.5%) and Vanguard Short-Term Tips (VTIP, 6.0%). Compared with Q3 2025, it opened 2 new positions, sold out of 9, added to 24 and reduced 55. The biggest buy was Fidelity MSCI Cons Stap Indx (FSTA, shares +53%) and the biggest sale Vanguard Info Tech ETF (VGT, shares −8%).

Most Recent 13F
Q2 2026
Location
CHARLOTTESVILLE, VA
CIK
0001802091
Portfolio Value
$540.2M (Q4 2025)
SEC Filing
0001802091-26-000001 ↗ filed Jan 7, 2026

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 Q3 2025 Q4 2025: $540.2M $540.2M Q4 2025 Q1 2026: $543.1M Q1 2026 Q2 2026: $600.9M Q2 2026

Holdings 102 stocks · $540.2M
VOE Vngrd Mrngstr MD-Cap Val ETF 7.35% 223,866 $39.7M Add +0.3%
XCEM Columbia Em Core Ex-China 6.46% 909,165 $34.9M Add +2.6%
VTIP Vanguard Short-Term Tips 6.02% 656,977 $32.5M Add +2.6%
VGT Vanguard Info Tech ETF 5.85% 41,916 $31.6M Reduce -8.3%
VBR Vngrd Mrngst SL-CP Val ETF-U 5.64% 143,896 $30.5M Add +4.6%
BNDX Vanguard Total Intl Bond ETF 5.37% 600,474 $29.0M Add +2.3%
VWO Vanguard Ftse Emerging Marke 3.32% 333,501 $17.9M Add +3.5%
VHT Vanguard Health Care ETF 3.13% 58,644 $16.9M Reduce -14.7%
VWOB Vanguard Emerg MKTS Gov BND 3.02% 242,172 $16.3M Reduce -0.5%
VDC Vanguard Consumer Staple ETF 2.91% 74,426 $15.7M Reduce -1.0%
SCHO Schwab Short-Term US Treas 2.67% 592,692 $14.4M Add +1.3%
SCHP Schwab U.S. Tips ETF 2.48% 506,536 $13.4M Add +4.9%
EIRL iShares MSCI Ireland ETF 2.15% 158,336 $11.6M Add +0.2%
FHLC Fidelity MSCI Health Care 2.12% 153,847 $11.4M Add +3.8%
EDEN iShares MSCI Denmark ETF 2.11% 99,710 $11.4M Add +4.8%
EFNL iShares MSCI Finland ETF 2.07% 233,933 $11.2M Reduce -5.7%
FLSW Franklin Ftse Switzerland 2.01% 261,537 $10.8M Add +0.4%
EWO iShares MSCI Austria ETF 1.90% 289,046 $10.3M Reduce -2.6%
QUS SS SPDR MSCI U Stratfact ETF 1.86% 57,571 $10.0M Add +6.1%
EWD iShares MSCI Sweden ETF 1.85% 203,194 $10.0M Add +1.4%
EWN iShares MSCI Netherlands ETF 1.84% 174,466 $9.9M Reduce -5.2%
FSTA Fidelity MSCI Cons Stap Indx 1.84% 201,896 $9.9M Add +52.8%
FTEC Fidelity MSCI Info Tech Indx 1.70% 40,843 $9.2M Add +20.0%
XBI SS SPDR S&P Biotech ETF 1.48% 65,558 $8.0M Reduce -11.2%
VOO Vanguard S&P 500 ETF 1.43% 12,275 $7.7M Reduce -8.6%
ENZL iShares MSCI New Zealand ETF 1.42% 169,725 $7.7M Add +1.5%
FLGR Franklin Ftse Germany ETF 1.35% 217,963 $7.3M Add +8.9%
SCHZ Schwab US Aggregate Bond ETF 1.19% 274,761 $6.4M Reduce -3.3%
FREL Fidelity MSCI RL Est Indx 1.08% 217,461 $5.8M Add +18.1%
VGSH Vanguard Short-Term Treasury 1.06% 97,704 $5.7M Add +14.3%
SCHE Schwab Emrg Mrkts Eqty ETF 0.87% 144,223 $4.7M Reduce -6.8%
VNQI Vanguard GLBL Ex-US Real Est 0.84% 98,837 $4.5M Add +5.4%
VNQ Vanguard Real Estate ETF 0.79% 48,439 $4.3M Reduce -7.2%
MDYV SS SPDR S&P 400 MC Val ETF 0.77% 49,377 $4.2M Reduce -4.3%
SLYV SS SPDR S&P 600 SC Val ETF 0.72% 42,666 $3.9M Reduce -8.5%
VTI VG Morningstar TS MKT ETF-US 0.61% 9,828 $3.3M Reduce -4.5%
WFC Wells Fargo & Co. 0.61% 35,131 $3.3M Reduce -0.1%
FLTW Franklin Ftse Taiwan ETF 0.57% 50,312 $3.1M Reduce -2.8%
GD General Dynamics Corp. 0.54% 8,715 $2.9M Reduce -1.5%
VTV Vanguard Mrngstr Val ETF-Aui 0.53% 15,023 $2.9M Reduce -12.5%
FLKR Franklin Ftse South Korea 0.52% 87,516 $2.8M Reduce -38.1%
ECH iShares MSCI Chile ETF 0.51% 67,553 $2.7M Reduce -2.1%
BND Vanguard Total Bond Market 0.47% 34,183 $2.5M Add +22.4%
IXN iShares Global Tech ETF 0.46% 23,666 $2.5M Reduce -31.1%
AMZN Amazon.com Inc. 0.38% 8,841 $2.0M Reduce -13.7%
FLMX Franklin Ftse Mexico ETF 0.37% 58,309 $2.0M Add +9.7%
MSFT Microsoft Corp. 0.36% 3,995 $1.9M Reduce -10.0%
IXJ iShares Global Healthcare Et 0.35% 19,649 $1.9M Reduce -1.8%
AAPL Apple Inc. 0.34% 6,663 $1.8M Reduce -13.2%
TFC Truist Financial Corp. 0.32% 35,420 $1.7M Add +0.0%
META Meta Platforms Inc. Class A 0.31% 2,535 $1.7M Reduce -10.6%
AG First Majestic Silver Corp. 0.24% 76,500 $1.3M No change
SCHG Schwab US Large-Cap Growth 0.21% 35,188 $1.1M Reduce -13.6%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.18% 3,327 $966K Reduce -6.5%
AZN Astrazeneca PLC-Spons ADR 0.17% 10,001 $919K Reduce -2.2%
NVS Novartis AG-Sponsored ADR 0.17% 6,494 $895K Reduce -1.2%
FLAU Franklin Ftse Australia ETF 0.16% 27,543 $866K Reduce -8.6%
SPY SS SPDR S&P 500 ETF Trust-US 0.14% 1,113 $759K Reduce -1.0%
NVO Novo-Nordisk A/S-Spons ADR 0.13% 14,297 $727K Reduce -1.6%
EWL iShares MSCI Switzerland ETF 0.12% 10,598 $635K Reduce -8.0%
GOOGL Alphabet Inc. Class A 0.12% 1,990 $623K Reduce -12.3%
ALC Alcon Inc. filed as ALCON AG 0.11% 7,658 $604K Reduce -0.3%
GOOG Alphabet Inc. Class C 0.10% 1,758 $552K Reduce -18.1%
BRK.B Berkshire Hathaway Inc. Class B 0.09% 995 $500K Reduce -1.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.09% 1,579 $468K Reduce -1.6%
IBB iShares Biotechnology ETF 0.08% 2,713 $458K Reduce -13.8%
JPM JPMorgan Chase & Co. 0.08% 1,390 $448K No change
XOM Exxon Mobil Corp. 0.08% 3,594 $433K Reduce -7.1%
ACN Accenture PLC Class A 0.08% 1,555 $417K Reduce -1.3%
NVR NVR Inc. 0.08% 57 $416K No change
KO The Coca-Cola Co. 0.08% 5,936 $415K Reduce -12.9%
DUK Duke Energy Corp. 0.08% 3,460 $406K Reduce -12.7%
DFAC Dimensional US Core Equity 2 0.07% 10,210 $404K No change
MCK McKesson Corp. 0.07% 464 $381K Reduce -4.5%
DE Deere & Co. 0.07% 800 $372K No change
GMAB Genmab A/S -SP ADR 0.07% 11,870 $366K Reduce -0.4%
LMT Lockheed Martin Corp. 0.07% 750 $363K No change
STIP iShares 0-5 Year Tips Bond E 0.07% 3,461 $354K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.06% 3,029 $345K Reduce -3.2%
UNH Unitedhealth Group Inc. 0.06% 1,005 $332K No change
SCHV Schwab US Large-Cap Value 0.06% 10,950 $324K Reduce -9.8%
SNN Smith & Nephew PLC -Spon ADR 0.06% 9,544 $313K No change
NSC Norfolk Southern Corp. 0.05% 975 $281K No change
CAT Caterpillar Inc. 0.05% 491 $281K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.05% 4,898 $269K No change
CVX Chevron Corp. 0.05% 1,762 $269K Reduce -2.6%
VFC VF Corp. 0.05% 14,848 $268K No change
CDE Coeur Mining Inc. 0.05% 15,000 $267K No change
CSCO Cisco Systems Inc. 0.05% 3,424 $264K No change
GEV GE Vernova Inc. 0.05% 396 $259K No change
AVGO Broadcom Inc. 0.05% 729 $252K Reduce -9.2%
JNJ Johnson & Johnson 0.05% 1,216 $252K Reduce -5.9%
IVV iShares Core S&P 500 ETF 0.05% 356 $244K Reduce -37.6%
WMT Walmart Inc. 0.04% 2,152 $240K Reduce -7.2%
ABBV Abbvie Inc. 0.04% 1,041 $238K No change
UNP Union Pacific Corp. 0.04% 1,004 $232K No change
FUTY Fidelity MSCI US Utilities 0.04% 4,143 $229K No change
VXF Vanguard Extended Market ETF 0.04% 1,085 $227K No change
NKSH National Bankshares Inc. 0.04% 6,422 $215K New
HLN Haleon PLC-ADR 0.02% 11,639 $118K Reduce -3.8%
BHC Bausch Health Cos Inc. 0.02% 13,225 $92K No change
BW Babcock & Wilcox Enterpr 0.01% 10,866 $69K No change

Portfolio Sells Q3 2025 → Q4 2025
VGT Vanguard Info Tech ETF Reduce -8.3% 5.85% −0.62
VHT Vanguard Health Care ETF Reduce -14.7% 3.13% −0.33
FLKR Franklin Ftse South Korea Reduce -38.1% 0.52% −0.22
IXN iShares Global Tech ETF Reduce -31.1% 0.46% −0.21
EWN iShares MSCI Netherlands ETF Reduce -5.2% 1.84% −0.20
VOO Vanguard S&P 500 ETF Reduce -8.6% 1.43% −0.13
VDC Vanguard Consumer Staple ETF Reduce -1.0% 2.91% −0.11
VNQ Vanguard Real Estate ETF Reduce -7.2% 0.79% −0.11
SCHE Schwab Emrg Mrkts Eqty ETF Reduce -6.8% 0.87% −0.10
MSFT Microsoft Corp. Reduce -10.0% 0.36% −0.08
META Meta Platforms Inc. Class A Reduce -10.6% 0.31% −0.07
VTV Vanguard Mrngstr Val ETF-Aui Reduce -12.5% 0.53% −0.07
LNG Cheniere Energy Inc. Sold out 0.00% −0.07
SCHZ Schwab US Aggregate Bond ETF Reduce -3.3% 1.19% −0.07
SLYV SS SPDR S&P 600 SC Val ETF Reduce -8.5% 0.72% −0.06
IWN iShares Russell 2000 Value E Sold out 0.00% −0.06
AMZN Amazon.com Inc. Reduce -13.7% 0.38% −0.05
ORCL Oracle Corp. Sold out 0.00% −0.04
IWS iShares Russell Mid-Cap Valu Sold out 0.00% −0.04
VEA Vanguard Ftse Developed ETF Sold out 0.00% −0.04
MDYV SS SPDR S&P 400 MC Val ETF Reduce -4.3% 0.77% −0.04
VWOB Vanguard Emerg MKTS Gov BND Reduce -0.5% 3.02% −0.04
D Dominion Energy Inc. Sold out 0.00% −0.04
EQT Eqt Corp. Sold out 0.00% −0.04
FISV Fiserv Inc. Sold out 0.00% −0.04
AAPL Apple Inc. Reduce -13.2% 0.34% −0.03
SCHG Schwab US Large-Cap Growth Reduce -13.6% 0.21% −0.03
VTI VG Morningstar TS MKT ETF-US Reduce -4.5% 0.61% −0.03
NVO Novo-Nordisk A/S-Spons ADR Reduce -1.6% 0.13% −0.03
IVV iShares Core S&P 500 ETF Reduce -37.6% 0.05% −0.03
GD General Dynamics Corp. Reduce -1.5% 0.54% −0.02
FLAU Franklin Ftse Australia ETF Reduce -8.6% 0.16% −0.02
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -6.5% 0.18% −0.02
DUK Duke Energy Corp. Reduce -12.7% 0.08% −0.02
FLTW Franklin Ftse Taiwan ETF Reduce -2.8% 0.57% −0.01
KO The Coca-Cola Co. Reduce -12.9% 0.08% −0.01
SCHV Schwab US Large-Cap Value Reduce -9.8% 0.06% −0.01
NRDY Nerdy Inc. Sold out 0.00% −0.01
AVGO Broadcom Inc. Reduce -9.2% 0.05% −0.00
EWL iShares MSCI Switzerland ETF Reduce -8.0% 0.12% −0.00
GMAB Genmab A/S -SP ADR Reduce -0.4% 0.07% −0.00
IBB iShares Biotechnology ETF Reduce -13.8% 0.08% −0.00
CVX Chevron Corp. Reduce -2.6% 0.05% −0.00
DIS The Walt Disney Co. Reduce -3.2% 0.06% −0.00
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.0% 0.09% −0.00
XOM Exxon Mobil Corp. Reduce -7.1% 0.08% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.0% 0.14% −0.00
WMT Walmart Inc. Reduce -7.2% 0.04% −0.00
IBM Intl Business Machines Corp. Reduce -1.6% 0.09% 0.00
MCK McKesson Corp. Reduce -4.5% 0.07% +0.00

Portfolio Buys Q3 2025 → Q4 2025
FSTA Fidelity MSCI Cons Stap Indx Add +52.8% 1.84% +0.60
XCEM Columbia Em Core Ex-China Add +2.6% 6.46% +0.36
FTEC Fidelity MSCI Info Tech Indx Add +20.0% 1.70% +0.26
VBR Vngrd Mrngst SL-CP Val ETF-U Add +4.6% 5.64% +0.22
FHLC Fidelity MSCI Health Care Add +3.8% 2.12% +0.20
EIRL iShares MSCI Ireland ETF Add +0.2% 2.15% +0.13
FREL Fidelity MSCI RL Est Indx Add +18.1% 1.08% +0.12
VGSH Vanguard Short-Term Treasury Add +14.3% 1.06% +0.12
FLSW Franklin Ftse Switzerland Add +0.4% 2.01% +0.11
EDEN iShares MSCI Denmark ETF Add +4.8% 2.11% +0.11
QUS SS SPDR MSCI U Stratfact ETF Add +6.1% 1.86% +0.10
FLGR Franklin Ftse Germany ETF Add +8.9% 1.35% +0.10
BND Vanguard Total Bond Market Add +22.4% 0.47% +0.08
STIP iShares 0-5 Year Tips Bond E New 0.07% +0.07
EWD iShares MSCI Sweden ETF Add +1.4% 1.85% +0.06
NKSH National Bankshares Inc. New 0.04% +0.04
FLMX Franklin Ftse Mexico ETF Add +9.7% 0.37% +0.04
SCHP Schwab U.S. Tips ETF Add +4.9% 2.48% +0.04
VOE Vngrd Mrngstr MD-Cap Val ETF Add +0.3% 7.35% +0.03
TFC Truist Financial Corp. Add +0.0% 0.32% +0.02
VWO Vanguard Ftse Emerging Marke Add +3.5% 3.32% +0.01
VNQI Vanguard GLBL Ex-US Real Est Add +5.4% 0.84% −0.01
SCHO Schwab Short-Term US Treas Add +1.3% 2.67% −0.01
VTIP Vanguard Short-Term Tips Add +2.6% 6.02% −0.02
ENZL iShares MSCI New Zealand ETF Add +1.5% 1.42% −0.05
BNDX Vanguard Total Intl Bond ETF Add +2.3% 5.37% −0.09

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