Partners in Financial Planning

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), Partners in Financial Planning reported 115 stock positions worth $578.5 million. Its top holding was Vanguard Total Bond Market (BND) at 12.4% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 11.5%) and Vanguard Mrngstr Val ETF-Aui (VTV, 9.7%). Compared with Q2 2025, it opened 9 new positions, sold out of 1, added to 46 and reduced 30. The biggest buy was Vanguard Total Bond Market (BND, shares +7%) and the biggest sale Vanguard Tax-Exempt Bond ETF (VTEB, shares −6%).

Most Recent 13F
Q2 2026
Location
SALEM, VA
CIK
0002054264
Portfolio Value
$578.5M (Q3 2025)
SEC Filing
0002054264-25-000023 ↗ filed Nov 10, 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 Q2 2025 Q3 2025: $578.5M $578.5M Q3 2025 Q4 2025: $590.6M Q4 2025 Q1 2026: $602.9M Q1 2026 Q2 2026: $659.5M Q2 2026

Holdings 115 stocks · $578.5M
BND Vanguard Total Bond Market 12.41% 965,626 $71.8M Add +7.3%
VUG Vanguard Mrngstar GR ETF-Sui 11.52% 138,916 $66.6M Reduce -2.3%
VTV Vanguard Mrngstr Val ETF-Aui 9.72% 301,476 $56.2M Add +0.3%
BNDX Vanguard Total Intl Bond ETF 9.20% 1,076,345 $53.2M Add +5.5%
VEA Vanguard Ftse Developed ETF 8.03% 775,066 $46.4M Reduce -0.5%
BSV Vanguard Short-Term Bond ETF 6.24% 457,164 $36.1M Add +1.9%
VBR Vngrd Mrngst SL-CP Val ETF-U 3.62% 100,216 $20.9M Reduce -0.3%
VBK Van Morst SML-Cap Gro-Usd Inc. 3.41% 66,338 $19.7M Reduce -0.3%
VWO Vanguard Ftse Emerging Marke 2.85% 304,473 $16.5M Reduce -0.5%
VSS Vanguard Ftse All Wo X-US SC 2.61% 105,931 $15.1M Reduce -1.1%
VNQ Vanguard Real Estate ETF 2.46% 155,388 $14.2M Add +1.3%
SPDW Ste STR SPDR PT DW Eu ETF 2.12% 286,527 $12.3M Reduce -0.1%
VTI VG Morningstar TS MKT ETF-US 2.02% 35,665 $11.7M Reduce -1.4%
VTEB Vanguard Tax-Exempt Bond ETF 1.95% 225,063 $11.3M Reduce -5.5%
SUB iShares Short-Term National 1.81% 97,955 $10.5M Add +7.1%
VCIT Vanguard Int-Term Corporate 1.29% 88,946 $7.5M Add +10.7%
VOO Vanguard S&P 500 ETF 1.12% 10,610 $6.5M Reduce -0.1%
MUB iShares National Muni Bond E 0.93% 50,484 $5.4M Add +13.4%
SPYG SS SPDR P S&P 500 Growth ETF 0.77% 42,781 $4.5M Reduce -1.1%
SPYV SS SPDR P S&P 500 Value ETF 0.75% 78,150 $4.3M Add +0.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.72% 14,113 $4.1M Reduce -1.4%
SCZ iShares MSCI Eafe Small-Cap 0.68% 50,954 $3.9M Reduce -0.1%
VXF Vanguard Extended Market ETF 0.58% 16,029 $3.4M Reduce -0.8%
SPEM State Street SP PTF Em ETF 0.56% 68,714 $3.2M Reduce -0.9%
IAGG iShares Intl Aggregate Bond 0.52% 58,343 $3.0M Add +1.4%
VFMF Vanguard US Multifactor ETF 0.50% 19,917 $2.9M Reduce -0.5%
NSC Norfolk Southern Corp. 0.49% 9,383 $2.8M Add +6.2%
SLYV SS SPDR S&P 600 SC Val ETF 0.48% 31,249 $2.8M Add +0.4%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.47% 8,876 $2.7M Add +0.1%
SPAB SS SPDR P Agg Bond ETF 0.45% 101,619 $2.6M Add +1.6%
VEU Vanguard Ftse All-World Ex-U 0.35% 28,778 $2.1M Reduce -0.8%
IWF iShares Russell 1000 Growth 0.31% 3,841 $1.8M Add +0.0%
SLYG SS SPDR S&P 600 SC GR ETF 0.30% 18,508 $1.7M Add +0.1%
VB Vanguard Most SM-Cap ETF-Usd 0.30% 6,812 $1.7M Reduce -1.9%
AAPL Apple Inc. 0.29% 6,528 $1.7M No change
XOM Exxon Mobil Corp. 0.26% 13,194 $1.5M Add +4.5%
SPTS SS SPDR P St Term TSY ETF 0.24% 48,132 $1.4M Add +0.6%
BIV Vanguard Intermediate-Term B 0.24% 18,034 $1.4M Add +0.5%
VNQI Vanguard GLBL Ex-US Real Est 0.24% 29,138 $1.4M Reduce -1.4%
VXUS Vanguard Total Intl Stock 0.24% 18,536 $1.4M Reduce -3.3%
TSLA Tesla Inc. 0.24% 3,061 $1.4M No change
MSFT Microsoft Corp. 0.23% 2,569 $1.3M No change
LRGF iShares US Equity Factor ETF 0.23% 19,195 $1.3M Reduce -1.3%
AMZN Amazon.com Inc. 0.22% 5,897 $1.3M Reduce -3.8%
CVX Chevron Corp. 0.20% 7,633 $1.2M Add +259.2%
FERG Ferguson Enterprises Inc. 0.19% 4,954 $1.1M No change
DFAT Dimensional US Target Value 0.19% 19,065 $1.1M Add +0.3%
EFA iShares MSCI Eafe ETF 0.19% 11,610 $1.1M Add +5.0%
STLD Steel Dynamics Inc. 0.17% 6,970 $972K Reduce -2.4%
IVV iShares Core S&P 500 ETF 0.16% 1,416 $948K No change
EW Edwards Lifesciences Corp. 0.16% 11,584 $901K No change
IWD iShares Russell 1000 Value E 0.15% 4,153 $845K Add +0.1%
BRK.B Berkshire Hathaway Inc. Class B 0.14% 1,669 $839K No change
DFAC Dimensional US Core Equity 2 0.14% 20,844 $804K Reduce -0.8%
GE General Electric filed as GE AEROSPACE 0.13% 2,584 $777K Add +1.1%
IEFA iShares Core MSCI Eafe ETF 0.13% 8,893 $776K No change
DFAX Dimensional World Ex US Core 0.13% 24,729 $776K Reduce -9.0%
TFC Truist Financial Corp. 0.12% 14,808 $677K No change
TPL Texas Pacific Land Corp. 0.12% 714 $667K No change
PM Philip Morris International 0.11% 4,066 $660K Add +61.7%
WMT Walmart Inc. 0.11% 6,231 $642K No change
NKSH National Bankshares Inc. 0.11% 21,431 $631K Add +33.9%
GOOG Alphabet Inc. Class C 0.11% 2,581 $629K Add +0.0%
PG The Procter & Gamble Co. 0.11% 4,030 $619K Add +0.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.11% 920 $613K Add +0.1%
LOW Lowe's Cos Inc. 0.10% 2,350 $590K Add +0.0%
GEV GE Vernova Inc. 0.10% 930 $572K Add +0.7%
AGG iShares Core U.S. Aggregate 0.10% 5,687 $570K Add +0.3%
CSX CSX Corp. 0.10% 15,816 $562K No change
GOOGL Alphabet Inc. Class A 0.10% 2,299 $559K Reduce -6.1%
NKE Nike Inc. Class B 0.10% 7,976 $556K No change
MCD McDonald's Corp. 0.08% 1,612 $490K No change
IWP iShares Russell Mid-Cap Grow 0.08% 3,404 $485K Add +0.0%
JNJ Johnson & Johnson 0.08% 2,590 $480K Reduce -3.7%
DFAE Dimensional Emerging Core Eq 0.08% 14,655 $462K Add +0.7%
UDR Udr Inc. 0.08% 12,368 $461K No change
META Meta Platforms Inc. Class A 0.08% 617 $453K No change
CVS CVS Health Corp. 0.08% 5,888 $444K No change
DFIV Dimensional International Va 0.08% 9,562 $441K Add +0.2%
IVW iShares S&P 500 Growth ETF 0.07% 3,595 $434K Add +0.1%
IWS iShares Russell Mid-Cap Valu 0.07% 2,911 $407K Add +0.0%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.07% 1,379 $405K Add +0.1%
DFSV Dimensional US Small Cap Val 0.07% 12,504 $398K Add +0.4%
DFIS Dimensional International SM 0.07% 12,363 $391K Add +0.2%
STX Seagate Technology Holdings 0.07% 1,600 $378K No change
ABT Abbott Laboratories 0.06% 2,799 $375K Reduce -11.0%
DHR Danaher Corp. 0.06% 1,888 $374K Add +0.7%
AVGO Broadcom Inc. 0.06% 1,111 $367K Reduce -23.8%
IJH iShares Core S&P Midcap ETF 0.06% 5,442 $355K Add +0.1%
CAH Cardinal Health Inc. 0.06% 2,163 $340K No change
COF Capital One Financial Corp. 0.06% 1,545 $328K No change
SCHZ Schwab US Aggregate Bond ETF 0.05% 13,118 $308K Add +1.0%
ABBV Abbvie Inc. 0.05% 1,316 $305K No change
GLW Corning Inc. 0.05% 3,631 $298K New
EEM iShares MSCI Emerging Market 0.05% 5,351 $286K No change
UNP Union Pacific Corp. 0.05% 1,200 $284K No change
IVE iShares S&P 500 Value ETF 0.05% 1,372 $283K Add +0.2%
CARE Carter Bankshares Inc. 0.05% 14,547 $282K No change
IJR iShares Core S&P Small-Cap E 0.05% 2,296 $273K Add +0.1%
VBIL Vanguard 0-3M T-Bill ETF 0.05% 3,553 $269K New
URI United Rentals Inc. 0.05% 280 $267K New
RTX RTX Corp. 0.05% 1,559 $261K No change
WMB Williams Cos Inc. 0.04% 4,045 $256K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.04% 1,353 $236K Add +0.3%
IWV iShares Russell 3000 ETF 0.04% 611 $232K No change
IEMG iShares Core MSCI Emerging 0.04% 3,474 $229K No change
SO The Southern Co. 0.04% 2,386 $226K No change
MO Altria Group Inc. 0.04% 3,400 $225K New
IWN iShares Russell 2000 Value E 0.04% 1,259 $223K Reduce -0.9%
MDLZ Mondelez International Inc. Class A 0.04% 3,556 $222K New
AUB Atlantic Union Bankshares Co. 0.04% 6,225 $220K New
PFE Pfizer Inc. 0.04% 8,604 $219K No change
AOA iShares Core 80/20 Aggressiv 0.04% 2,379 $210K New
VGK Vanguard Ftse Europe ETF 0.03% 2,525 $201K New
D Dominion Energy Inc. 0.03% 3,273 $200K New

Portfolio Sells Q2 2025 → Q3 2025
VTEB Vanguard Tax-Exempt Bond ETF Reduce -5.5% 1.95% −0.21
VEA Vanguard Ftse Developed ETF Reduce -0.5% 8.03% −0.16
HES Hess Corp. Sold out 0.00% −0.11
VSS Vanguard Ftse All Wo X-US SC Reduce -1.1% 2.61% −0.04
AMZN Amazon.com Inc. Reduce -3.8% 0.22% −0.02
SPDW Ste STR SPDR PT DW Eu ETF Reduce -0.1% 2.12% −0.02
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -1.4% 0.72% −0.02
ABT Abbott Laboratories Reduce -11.0% 0.06% −0.01
DFAX Dimensional World Ex US Core Reduce -9.0% 0.13% −0.01
VNQI Vanguard GLBL Ex-US Real Est Reduce -1.4% 0.24% −0.01
AVGO Broadcom Inc. Reduce -23.8% 0.06% −0.01
VXUS Vanguard Total Intl Stock Reduce -3.3% 0.24% −0.01
SCZ iShares MSCI Eafe Small-Cap Reduce -0.1% 0.68% −0.01
VEU Vanguard Ftse All-World Ex-U Reduce -0.8% 0.35% −0.00
VB Vanguard Most SM-Cap ETF-Usd Reduce -1.9% 0.30% −0.00
VTI VG Morningstar TS MKT ETF-US Reduce -1.4% 2.02% −0.00
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -0.3% 3.62% −0.00
LRGF iShares US Equity Factor ETF Reduce -1.3% 0.23% −0.00
STLD Steel Dynamics Inc. Reduce -2.4% 0.17% −0.00
DFAC Dimensional US Core Equity 2 Reduce -0.8% 0.14% +0.00
VFMF Vanguard US Multifactor ETF Reduce -0.5% 0.50% +0.00
IWN iShares Russell 2000 Value E Reduce -0.9% 0.04% +0.00
VXF Vanguard Extended Market ETF Reduce -0.8% 0.58% +0.01
JNJ Johnson & Johnson Reduce -3.7% 0.08% +0.01
SPEM State Street SP PTF Em ETF Reduce -0.9% 0.56% +0.01
VOO Vanguard S&P 500 ETF Reduce -0.1% 1.12% +0.01
SPYG SS SPDR P S&P 500 Growth ETF Reduce -1.1% 0.77% +0.01
VBK Van Morst SML-Cap Gro-Usd Inc. Reduce -0.3% 3.41% +0.01
GOOGL Alphabet Inc. Class A Reduce -6.1% 0.10% +0.02
VUG Vanguard Mrngstar GR ETF-Sui Reduce -2.3% 11.52% +0.03
VWO Vanguard Ftse Emerging Marke Reduce -0.5% 2.85% +0.06

Portfolio Buys Q2 2025 → Q3 2025
BND Vanguard Total Bond Market Add +7.3% 12.41% +0.19
CVX Chevron Corp. Add +259.2% 0.20% +0.15
MUB iShares National Muni Bond E Add +13.4% 0.93% +0.07
NSC Norfolk Southern Corp. Add +6.2% 0.49% +0.07
VCIT Vanguard Int-Term Corporate Add +10.7% 1.29% +0.06
GLW Corning Inc. New 0.05% +0.05
VBIL Vanguard 0-3M T-Bill ETF New 0.05% +0.05
URI United Rentals Inc. New 0.05% +0.05
MO Altria Group Inc. New 0.04% +0.04
MDLZ Mondelez International Inc. Class A New 0.04% +0.04
AUB Atlantic Union Bankshares Co. New 0.04% +0.04
AOA iShares Core 80/20 Aggressiv New 0.04% +0.04
VGK Vanguard Ftse Europe ETF New 0.03% +0.03
D Dominion Energy Inc. New 0.03% +0.03
PM Philip Morris International Add +61.7% 0.11% +0.03
NKSH National Bankshares Inc. Add +33.9% 0.11% +0.03
GOOG Alphabet Inc. Class C Add +0.0% 0.11% +0.02
SLYV SS SPDR S&P 600 SC Val ETF Add +0.4% 0.48% +0.02
SUB iShares Short-Term National Add +7.1% 1.81% +0.01
GE General Electric Add +1.1% 0.13% +0.01
IWF iShares Russell 1000 Growth Add +0.0% 0.31% +0.01
GEV GE Vernova Inc. Add +0.7% 0.10% +0.01
XOM Exxon Mobil Corp. Add +4.5% 0.26% +0.01
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +0.1% 0.47% +0.01
LOW Lowe's Cos Inc. Add +0.0% 0.10% +0.01
EFA iShares MSCI Eafe ETF Add +5.0% 0.19% +0.01
DFAT Dimensional US Target Value Add +0.3% 0.19% +0.00
DFAE Dimensional Emerging Core Eq Add +0.7% 0.08% +0.00
IVW iShares S&P 500 Growth ETF Add +0.1% 0.07% +0.00
DFSV Dimensional US Small Cap Val Add +0.4% 0.07% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +0.1% 0.11% +0.00
DFIV Dimensional International Va Add +0.2% 0.08% +0.00
IJR iShares Core S&P Small-Cap E Add +0.1% 0.05% +0.00
VOE Vngrd Mrngstr MD-Cap Val ETF Add +0.3% 0.04% −0.00
DFIS Dimensional International SM Add +0.2% 0.07% −0.00
IVE iShares S&P 500 Value ETF Add +0.2% 0.05% −0.00
IWS iShares Russell Mid-Cap Valu Add +0.0% 0.07% −0.00
SLYG SS SPDR S&P 600 SC GR ETF Add +0.1% 0.30% −0.00
IJH iShares Core S&P Midcap ETF Add +0.1% 0.06% −0.00
VOT Vngrd Mrngstr MC GRW ETF-Usd Add +0.1% 0.07% −0.00
SCHZ Schwab US Aggregate Bond ETF Add +1.0% 0.05% −0.00
IWD iShares Russell 1000 Value E Add +0.1% 0.15% −0.00
IWP iShares Russell Mid-Cap Grow Add +0.0% 0.08% −0.00
DHR Danaher Corp. Add +0.7% 0.06% −0.00
SPYV SS SPDR P S&P 500 Value ETF Add +0.4% 0.75% −0.00
AGG iShares Core U.S. Aggregate Add +0.3% 0.10% −0.01
PG The Procter & Gamble Co. Add +0.2% 0.11% −0.01
BIV Vanguard Intermediate-Term B Add +0.5% 0.24% −0.01
SPTS SS SPDR P St Term TSY ETF Add +0.6% 0.24% −0.01
SPAB SS SPDR P Agg Bond ETF Add +1.6% 0.45% −0.02

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