Partners in Financial Planning

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 4, 2025), Partners in Financial Planning reported 107 stock positions worth $542.3 million. Its top holding was Vanguard Total Bond Market (BND) at 12.2% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 11.5%) and Vanguard Mrngstr Val ETF-Aui (VTV, 9.8%). Compared with Q1 2025, it opened 8 new positions, sold out of 2, added to 45 and reduced 19. The biggest buy was Ste STR SPDR PT DW Eu ETF (SPDW, shares +34%) and the biggest sale Vanguard Mrngstr Val ETF-Aui (VTV, shares −1%).

Most Recent 13F
Q2 2026
Location
SALEM, VA
CIK
0002054264
Portfolio Value
$542.3M (Q2 2025)
SEC Filing
0002054264-25-000021 ↗ filed Aug 4, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $449.3M Q1 2024 Q2 2024: $460.1M Q2 2024 Q3 2024: $495.7M Q3 2024 Q4 2024: $490.2M Q4 2024 Q1 2025: $497.6M Q1 2025 Q2 2025: $542.3M $542.3M Q2 2025 Q3 2025: $578.5M Q3 2025 Q4 2025: $590.6M Q4 2025 Q1 2026: $602.9M Q1 2026 Q2 2026: $659.5M Q2 2026

Holdings 107 stocks · $542.3M
BND Vanguard Total Bond Market 12.22% 900,028 $66.3M Add +4.0%
VUG Vanguard Mrngstar GR ETF-Sui 11.49% 142,109 $62.3M Reduce -1.8%
VTV Vanguard Mrngstr Val ETF-Aui 9.80% 300,550 $53.1M Reduce -1.2%
BNDX Vanguard Total Intl Bond ETF 9.32% 1,020,401 $50.5M Add +5.0%
VEA Vanguard Ftse Developed ETF 8.19% 778,594 $44.4M Reduce -4.9%
BSV Vanguard Short-Term Bond ETF 6.51% 448,864 $35.3M Add +3.9%
VBR Vngrd Mrngst SL-CP Val ETF-U 3.62% 100,573 $19.6M Add +2.2%
VBK Van Morst SML-Cap Gro-Usd Inc. 3.40% 66,568 $18.4M Add +2.1%
VWO Vanguard Ftse Emerging Marke 2.79% 305,905 $15.1M Reduce -2.1%
VSS Vanguard Ftse All Wo X-US SC 2.65% 107,052 $14.4M Add +0.7%
VNQ Vanguard Real Estate ETF 2.52% 153,331 $13.7M Add +1.5%
VTEB Vanguard Tax-Exempt Bond ETF 2.15% 238,192 $11.7M Add +9.7%
SPDW Ste STR SPDR PT DW Eu ETF 2.14% 286,814 $11.6M Add +34.1%
VTI VG Morningstar TS MKT ETF-US 2.03% 36,169 $11.0M Add +0.1%
SUB iShares Short-Term National 1.79% 91,451 $9.7M Add +8.5%
VCIT Vanguard Int-Term Corporate 1.23% 80,364 $6.7M Add +0.1%
VOO Vanguard S&P 500 ETF 1.11% 10,616 $6.0M Reduce -0.1%
MUB iShares National Muni Bond E 0.86% 44,517 $4.7M Reduce -1.5%
SPYG SS SPDR P S&P 500 Growth ETF 0.76% 43,245 $4.1M Add +36.2%
SPYV SS SPDR P S&P 500 Value ETF 0.75% 77,848 $4.1M Add +64.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.74% 14,308 $4.0M No change
SCZ iShares MSCI Eafe Small-Cap 0.68% 50,997 $3.7M Add +5.6%
VXF Vanguard Extended Market ETF 0.57% 16,167 $3.1M Add +0.1%
SPEM State Street SP PTF Em ETF 0.55% 69,372 $3.0M Add +8.2%
IAGG iShares Intl Aggregate Bond 0.54% 57,565 $2.9M Reduce -3.0%
VFMF Vanguard US Multifactor ETF 0.50% 20,019 $2.7M Reduce -2.9%
SPAB SS SPDR P Agg Bond ETF 0.47% 99,985 $2.6M Add +22.1%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.47% 8,863 $2.5M No change
SLYV SS SPDR S&P 600 SC Val ETF 0.46% 31,136 $2.5M Add +19.4%
NSC Norfolk Southern Corp. 0.42% 8,833 $2.3M Add +5.1%
VEU Vanguard Ftse All-World Ex-U 0.36% 28,996 $1.9M Add +0.8%
VB Vanguard Most SM-Cap ETF-Usd 0.30% 6,941 $1.6M Reduce -0.5%
SLYG SS SPDR S&P 600 SC GR ETF 0.30% 18,483 $1.6M Add +71.1%
IWF iShares Russell 1000 Growth 0.30% 3,840 $1.6M No change
SPTS SS SPDR P St Term TSY ETF 0.26% 47,863 $1.4M Reduce -4.1%
BIV Vanguard Intermediate-Term B 0.26% 17,947 $1.4M Add +0.8%
VNQI Vanguard GLBL Ex-US Real Est 0.25% 29,568 $1.4M Reduce -2.8%
XOM Exxon Mobil Corp. 0.25% 12,623 $1.4M No change
AMZN Amazon.com Inc. 0.25% 6,132 $1.3M No change
AAPL Apple Inc. 0.25% 6,528 $1.3M Add +0.0%
VXUS Vanguard Total Intl Stock 0.24% 19,160 $1.3M Add +1.7%
MSFT Microsoft Corp. 0.24% 2,569 $1.3M No change
LRGF iShares US Equity Factor ETF 0.23% 19,449 $1.2M Reduce -2.8%
FERG Ferguson Enterprises Inc. 0.20% 4,954 $1.1M Reduce -33.8%
DFAT Dimensional US Target Value 0.19% 19,016 $1.0M Add +0.1%
EFA iShares MSCI Eafe ETF 0.18% 11,060 $989K Add +0.3%
TSLA Tesla Inc. 0.18% 3,061 $972K New
STLD Steel Dynamics Inc. 0.17% 7,143 $914K Reduce -4.8%
EW Edwards Lifesciences Corp. 0.17% 11,584 $906K No change
IVV iShares Core S&P 500 ETF 0.16% 1,416 $879K No change
BRK.B Berkshire Hathaway Inc. Class B 0.15% 1,669 $811K No change
IWD iShares Russell 1000 Value E 0.15% 4,151 $806K Add +0.0%
DFAX Dimensional World Ex US Core 0.15% 27,171 $798K Add +0.9%
TPL Texas Pacific Land Corp. 0.14% 714 $754K No change
DFAC Dimensional US Core Equity 2 0.14% 21,001 $753K Add +1.5%
IEFA iShares Core MSCI Eafe ETF 0.14% 8,893 $742K Add +1.3%
GE General Electric filed as GE AEROSPACE 0.12% 2,556 $658K Reduce -32.4%
PG The Procter & Gamble Co. 0.12% 4,023 $641K Add +0.1%
TFC Truist Financial Corp. 0.12% 14,808 $637K No change
HES Hess Corp. 0.11% 4,496 $623K No change
WMT Walmart Inc. 0.11% 6,231 $609K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.10% 919 $568K Add +0.2%
NKE Nike Inc. Class B 0.10% 7,976 $567K No change
AGG iShares Core U.S. Aggregate 0.10% 5,671 $563K Add +0.3%
LOW Lowe's Cos Inc. 0.10% 2,349 $521K Add +0.0%
CSX CSX Corp. 0.10% 15,816 $516K No change
UDR Udr Inc. 0.09% 12,368 $505K No change
GEV GE Vernova Inc. 0.09% 924 $489K Reduce -1.3%
IWP iShares Russell Mid-Cap Grow 0.09% 3,403 $472K No change
MCD McDonald's Corp. 0.09% 1,612 $471K No change
PM Philip Morris International 0.08% 2,515 $458K No change
GOOG Alphabet Inc. Class C 0.08% 2,580 $458K No change
META Meta Platforms Inc. Class A 0.08% 617 $455K No change
NKSH National Bankshares Inc. 0.08% 16,011 $435K Add +9.8%
GOOGL Alphabet Inc. Class A 0.08% 2,449 $432K Add +0.7%
ABT Abbott Laboratories 0.08% 3,145 $428K No change
DFAE Dimensional Emerging Core Eq 0.08% 14,549 $421K New
JNJ Johnson & Johnson 0.08% 2,690 $411K Reduce -4.4%
DFIV Dimensional International Va 0.08% 9,542 $409K Add +0.8%
CVS CVS Health Corp. 0.07% 5,888 $406K Reduce -0.3%
AVGO Broadcom Inc. 0.07% 1,457 $402K No change
IVW iShares S&P 500 Growth ETF 0.07% 3,592 $396K Add +0.1%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.07% 1,378 $392K No change
IWS iShares Russell Mid-Cap Valu 0.07% 2,910 $385K Add +0.0%
DHR Danaher Corp. 0.07% 1,875 $370K No change
DFIS Dimensional International SM 0.07% 12,333 $368K New
DFSV Dimensional US Small Cap Val 0.07% 12,449 $366K New
CAH Cardinal Health Inc. 0.07% 2,163 $363K No change
IJH iShares Core S&P Midcap ETF 0.06% 5,435 $337K Add +0.1%
COF Capital One Financial Corp. 0.06% 1,545 $329K Add +2.3%
CVX Chevron Corp. 0.06% 2,125 $304K No change
SCHZ Schwab US Aggregate Bond ETF 0.06% 12,986 $302K Add +1.0%
UNP Union Pacific Corp. 0.05% 1,200 $276K No change
IVE iShares S&P 500 Value ETF 0.05% 1,369 $267K Add +0.3%
EEM iShares MSCI Emerging Market 0.05% 5,351 $258K Add +0.1%
WMB Williams Cos Inc. 0.05% 4,045 $254K No change
CARE Carter Bankshares Inc. 0.05% 14,547 $252K No change
IJR iShares Core S&P Small-Cap E 0.05% 2,294 $251K Reduce -19.3%
ABBV Abbvie Inc. 0.05% 1,316 $244K No change
STX Seagate Technology Holdings 0.04% 1,600 $231K New
RTX RTX Corp. 0.04% 1,559 $228K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.04% 1,349 $222K No change
SO The Southern Co. 0.04% 2,386 $219K No change
IWV iShares Russell 3000 ETF 0.04% 611 $214K New
PFE Pfizer Inc. 0.04% 8,604 $209K No change
IEMG iShares Core MSCI Emerging 0.04% 3,474 $209K New
IWN iShares Russell 2000 Value E 0.04% 1,270 $200K New

Portfolio Sells Q1 2025 → Q2 2025
VTV Vanguard Mrngstr Val ETF-Aui Reduce -1.2% 9.80% −0.77
VEA Vanguard Ftse Developed ETF Reduce -4.9% 8.19% −0.18
MUB iShares National Muni Bond E Reduce -1.5% 0.86% −0.10
IAGG iShares Intl Aggregate Bond Reduce -3.0% 0.54% −0.05
VWO Vanguard Ftse Emerging Marke Reduce -2.1% 2.79% −0.05
UNH Unitedhealth Group Inc. Sold out 0.00% −0.04
ICF iShares Select U.S. REIT ETF Sold out 0.00% −0.04
FERG Ferguson Enterprises Inc. Reduce -33.8% 0.20% −0.04
SPTS SS SPDR P St Term TSY ETF Reduce -4.1% 0.26% −0.03
GE General Electric Reduce -32.4% 0.12% −0.03
VFMF Vanguard US Multifactor ETF Reduce -2.9% 0.50% −0.03
STLD Steel Dynamics Inc. Reduce -4.8% 0.17% −0.02
JNJ Johnson & Johnson Reduce -4.4% 0.08% −0.02
IJR iShares Core S&P Small-Cap E Reduce -19.3% 0.05% −0.01
VB Vanguard Most SM-Cap ETF-Usd Reduce -0.5% 0.30% −0.01
CVS CVS Health Corp. Reduce -0.3% 0.07% −0.01
LRGF iShares US Equity Factor ETF Reduce -2.8% 0.23% −0.00
VNQI Vanguard GLBL Ex-US Real Est Reduce -2.8% 0.25% +0.00
VOO Vanguard S&P 500 ETF Reduce -0.1% 1.11% +0.01
GEV GE Vernova Inc. Reduce -1.3% 0.09% +0.03
VUG Vanguard Mrngstar GR ETF-Sui Reduce -1.8% 11.49% +0.71

Portfolio Buys Q1 2025 → Q2 2025
SPDW Ste STR SPDR PT DW Eu ETF Add +34.1% 2.14% +0.58
SPYV SS SPDR P S&P 500 Value ETF Add +64.8% 0.75% +0.27
SPYG SS SPDR P S&P 500 Growth ETF Add +36.2% 0.76% +0.25
VSS Vanguard Ftse All Wo X-US SC Add +0.7% 2.65% +0.18
TSLA Tesla Inc. New 0.18% +0.18
SLYG SS SPDR S&P 600 SC GR ETF Add +71.1% 0.30% +0.12
VBK Van Morst SML-Cap Gro-Usd Inc. Add +2.1% 3.40% +0.10
DFAE Dimensional Emerging Core Eq New 0.08% +0.08
DFIS Dimensional International SM New 0.07% +0.07
DFSV Dimensional US Small Cap Val New 0.07% +0.07
SCZ iShares MSCI Eafe Small-Cap Add +5.6% 0.68% +0.07
SPAB SS SPDR P Agg Bond ETF Add +22.1% 0.47% +0.05
SLYV SS SPDR S&P 600 SC Val ETF Add +19.4% 0.46% +0.05
STX Seagate Technology Holdings New 0.04% +0.04
IWV iShares Russell 3000 ETF New 0.04% +0.04
SPEM State Street SP PTF Em ETF Add +8.2% 0.55% +0.04
IEMG iShares Core MSCI Emerging New 0.04% +0.04
IWN iShares Russell 2000 Value E New 0.04% +0.04
VTI VG Morningstar TS MKT ETF-US Add +0.1% 2.03% +0.03
NSC Norfolk Southern Corp. Add +5.1% 0.42% +0.02
VXF Vanguard Extended Market ETF Add +0.1% 0.57% +0.02
VXUS Vanguard Total Intl Stock Add +1.7% 0.24% +0.01
VEU Vanguard Ftse All-World Ex-U Add +0.8% 0.36% +0.01
COF Capital One Financial Corp. Add +2.3% 0.06% +0.01
IVW iShares S&P 500 Growth ETF Add +0.1% 0.07% +0.01
DFAX Dimensional World Ex US Core Add +0.9% 0.15% +0.01
SUB iShares Short-Term National Add +8.5% 1.79% +0.00
GOOGL Alphabet Inc. Class A Add +0.7% 0.08% +0.00
IEFA iShares Core MSCI Eafe ETF Add +1.3% 0.14% +0.00
NKSH National Bankshares Inc. Add +9.8% 0.08% +0.00
DFAC Dimensional US Core Equity 2 Add +1.5% 0.14% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +0.2% 0.10% +0.00
EFA iShares MSCI Eafe ETF Add +0.3% 0.18% +0.00
EEM iShares MSCI Emerging Market Add +0.1% 0.05% +0.00
DFIV Dimensional International Va Add +0.8% 0.08% +0.00
IJH iShares Core S&P Midcap ETF Add +0.1% 0.06% −0.00
IWS iShares Russell Mid-Cap Valu Add +0.0% 0.07% −0.00
IVE iShares S&P 500 Value ETF Add +0.3% 0.05% −0.00
SCHZ Schwab US Aggregate Bond ETF Add +1.0% 0.06% −0.00
DFAT Dimensional US Target Value Add +0.1% 0.19% −0.01
IWD iShares Russell 1000 Value E Add +0.0% 0.15% −0.01
AGG iShares Core U.S. Aggregate Add +0.3% 0.10% −0.01
VTEB Vanguard Tax-Exempt Bond ETF Add +9.7% 2.15% −0.01
LOW Lowe's Cos Inc. Add +0.0% 0.10% −0.01
BIV Vanguard Intermediate-Term B Add +0.8% 0.26% −0.02
PG The Procter & Gamble Co. Add +0.1% 0.12% −0.02
AAPL Apple Inc. Add +0.0% 0.25% −0.04
VBR Vngrd Mrngst SL-CP Val ETF-U Add +2.2% 3.62% −0.07
VCIT Vanguard Int-Term Corporate Add +0.1% 1.23% −0.09
BNDX Vanguard Total Intl Bond ETF Add +5.0% 9.32% −0.22

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 131$659.5MBND, VUG, VTV, BNDX, VEA
Q1 2026 122$602.9MBND, VTV, VUG, BNDX, VEA
Q4 2025 115$590.6MBND, VUG, VTV, BNDX, VEA
Q3 2025 115$578.5MBND, VUG, VTV, BNDX, VEA
Q2 2025 107$542.3MBND, VUG, VTV, BNDX, VEA
Q1 2025 101$497.6MBND, VUG, VTV, BNDX, VEA
Q4 2024 107$490.2MBND, VUG, VTV, BNDX, VEA
Q3 2024 107$495.7MBND, VUG, VTV, BNDX, VEA
Q2 2024 104$460.1MVUG, BND, VTV, BNDX, VEA
Q1 2024 103$449.3MVUG, BND, VTV, BNDX, VEA