Partners in Financial Planning

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 2, 2026), Partners in Financial Planning reported 115 stock positions worth $590.6 million. Its top holding was Vanguard Total Bond Market (BND) at 12.3% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 11.1%) and Vanguard Mrngstr Val ETF-Aui (VTV, 9.9%). Compared with Q3 2025, it opened 4 new positions, sold out of 4, added to 60 and reduced 21. The biggest buy was Vanguard Total Intl Bond ETF (BNDX, shares +8%) and the biggest sale Vanguard Mrngstar GR ETF-Sui (VUG, shares −4%).

Most Recent 13F
Q2 2026
Location
SALEM, VA
CIK
0002054264
Portfolio Value
$590.6M (Q4 2025)
SEC Filing
0002054264-26-000001 ↗ filed Feb 2, 2026

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 Q3 2025 Q4 2025: $590.6M $590.6M Q4 2025 Q1 2026: $602.9M Q1 2026 Q2 2026: $659.5M Q2 2026

Holdings 115 stocks · $590.6M
BND Vanguard Total Bond Market 12.34% 984,315 $72.9M Add +1.9%
VUG Vanguard Mrngstar GR ETF-Sui 11.07% 134,018 $65.4M Reduce -3.5%
VTV Vanguard Mrngstr Val ETF-Aui 9.86% 304,877 $58.2M Add +1.1%
BNDX Vanguard Total Intl Bond ETF 9.52% 1,163,482 $56.2M Add +8.1%
VEA Vanguard Ftse Developed ETF 8.22% 777,465 $48.6M Add +0.3%
BSV Vanguard Short-Term Bond ETF 6.21% 465,429 $36.7M Add +1.8%
VBR Vngrd Mrngst SL-CP Val ETF-U 3.64% 101,609 $21.5M Add +1.4%
VBK Van Morst SML-Cap Gro-Usd Inc. 3.38% 66,046 $20.0M Reduce -0.4%
VWO Vanguard Ftse Emerging Marke 2.80% 307,263 $16.5M Add +0.9%
VSS Vanguard Ftse All Wo X-US SC 2.59% 106,656 $15.3M Add +0.7%
VNQ Vanguard Real Estate ETF 2.33% 155,736 $13.8M Add +0.2%
SPDW Ste STR SPDR PT DW Eu ETF 2.18% 290,406 $12.9M Add +1.4%
VTI VG Morningstar TS MKT ETF-US 2.02% 35,535 $11.9M Reduce -0.4%
VTEB Vanguard Tax-Exempt Bond ETF 1.96% 230,186 $11.6M Add +2.3%
SUB iShares Short-Term National 1.81% 100,240 $10.7M Add +2.3%
VCIT Vanguard Int-Term Corporate 1.33% 93,834 $7.9M Add +5.5%
VOO Vanguard S&P 500 ETF 1.12% 10,575 $6.6M Reduce -0.3%
MUB iShares National Muni Bond E 1.01% 55,813 $6.0M Add +10.6%
SPYG SS SPDR P S&P 500 Growth ETF 0.78% 42,929 $4.6M Add +0.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.70% 14,162 $4.1M Add +0.3%
SPYV SS SPDR P S&P 500 Value ETF 0.67% 69,965 $4.0M Reduce -10.5%
SCZ iShares MSCI Eafe Small-Cap 0.66% 50,388 $3.9M Reduce -1.1%
VXF Vanguard Extended Market ETF 0.56% 15,915 $3.3M Reduce -0.7%
SPEM State Street SP PTF Em ETF 0.54% 68,367 $3.2M Reduce -0.5%
IAGG iShares Intl Aggregate Bond 0.50% 59,439 $3.0M Add +1.9%
VFMF Vanguard US Multifactor ETF 0.50% 19,646 $3.0M Reduce -1.4%
SLYV SS SPDR S&P 600 SC Val ETF 0.48% 31,389 $2.9M Add +0.5%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.46% 8,673 $2.7M Reduce -2.3%
NSC Norfolk Southern Corp. 0.46% 9,376 $2.7M Reduce -0.1%
SPAB SS SPDR P Agg Bond ETF 0.45% 102,333 $2.6M Add +0.7%
VEU Vanguard Ftse All-World Ex-U 0.34% 27,125 $2.0M Reduce -5.7%
AAPL Apple Inc. 0.30% 6,541 $1.8M Add +0.2%
SLYG SS SPDR S&P 600 SC GR ETF 0.30% 18,671 $1.8M Add +0.9%
VB Vanguard Most SM-Cap ETF-Usd 0.29% 6,702 $1.7M Reduce -1.6%
IWF iShares Russell 1000 Growth 0.27% 3,312 $1.6M Reduce -13.8%
XOM Exxon Mobil Corp. 0.26% 12,623 $1.5M Reduce -4.3%
SPTS SS SPDR P St Term TSY ETF 0.25% 50,653 $1.5M Add +5.2%
BIV Vanguard Intermediate-Term B 0.24% 18,101 $1.4M Add +0.4%
VXUS Vanguard Total Intl Stock 0.24% 18,517 $1.4M Reduce -0.1%
TSLA Tesla Inc. 0.23% 3,061 $1.4M No change
VNQI Vanguard GLBL Ex-US Real Est 0.23% 29,976 $1.4M Add +2.9%
AMZN Amazon.com Inc. 0.23% 5,911 $1.4M Add +0.2%
LRGF iShares US Equity Factor ETF 0.23% 19,180 $1.3M Reduce -0.1%
MSFT Microsoft Corp. 0.21% 2,593 $1.3M Add +0.9%
STLD Steel Dynamics Inc. 0.20% 6,970 $1.2M No change
CVX Chevron Corp. 0.20% 7,633 $1.2M No change
DFAT Dimensional US Target Value 0.19% 19,107 $1.1M Add +0.2%
FERG Ferguson Enterprises Inc. 0.19% 5,033 $1.1M Add +1.6%
EFA iShares MSCI Eafe ETF 0.19% 11,659 $1.1M Add +0.4%
EW Edwards Lifesciences Corp. 0.17% 11,584 $988K No change
IVV iShares Core S&P 500 ETF 0.16% 1,417 $970K Add +0.1%
IWD iShares Russell 1000 Value E 0.15% 4,160 $875K Add +0.2%
BRK.B Berkshire Hathaway Inc. Class B 0.14% 1,674 $841K Add +0.3%
DFAC Dimensional US Core Equity 2 0.14% 20,871 $826K Add +0.1%
GOOG Alphabet Inc. Class C 0.14% 2,631 $826K Add +1.9%
DFAX Dimensional World Ex US Core 0.14% 24,881 $814K Add +0.6%
IEFA iShares Core MSCI Eafe ETF 0.14% 9,056 $810K Add +1.8%
GE General Electric filed as GE AEROSPACE 0.13% 2,586 $797K Add +0.1%
TFC Truist Financial Corp. 0.12% 14,808 $729K No change
GOOGL Alphabet Inc. Class A 0.12% 2,312 $724K Add +0.6%
NKSH National Bankshares Inc. 0.12% 21,431 $719K No change
WMT Walmart Inc. 0.12% 6,275 $699K Add +0.7%
PM Philip Morris International 0.11% 4,066 $652K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.11% 922 $628K Add +0.2%
TPL Texas Pacific Land Corp. 0.10% 2,142 $615K No change
GEV GE Vernova Inc. 0.10% 930 $608K No change
PG The Procter & Gamble Co. 0.10% 4,038 $579K Add +0.2%
CSX CSX Corp. 0.10% 15,816 $573K No change
AGG iShares Core U.S. Aggregate 0.10% 5,708 $570K Add +0.4%
LOW Lowe's Cos Inc. 0.10% 2,350 $567K No change
JNJ Johnson & Johnson 0.09% 2,590 $536K No change
VBIL Vanguard 0-3M T-Bill ETF 0.09% 7,073 $534K Add +99.1%
NKE Nike Inc. Class B 0.09% 7,976 $508K No change
MCD McDonald's Corp. 0.08% 1,612 $493K No change
DFAE Dimensional Emerging Core Eq 0.08% 14,750 $480K Add +0.7%
CVS CVS Health Corp. 0.08% 5,888 $467K No change
UDR Udr Inc. 0.08% 12,368 $454K No change
CAH Cardinal Health Inc. 0.08% 2,163 $444K No change
IVW iShares S&P 500 Growth ETF 0.08% 3,597 $443K Add +0.1%
STX Seagate Technology Holdings 0.07% 1,600 $441K No change
IWP iShares Russell Mid-Cap Grow 0.07% 3,204 $439K Reduce -5.9%
DFIV Dimensional International Va 0.07% 8,729 $436K Reduce -8.7%
DHR Danaher Corp. 0.07% 1,888 $432K No change
DFSV Dimensional US Small Cap Val 0.07% 12,558 $413K Add +0.4%
IWS iShares Russell Mid-Cap Valu 0.07% 2,914 $411K Add +0.1%
DFIS Dimensional International SM 0.07% 12,403 $409K Add +0.3%
META Meta Platforms Inc. Class A 0.07% 617 $407K No change
COF Capital One Financial Corp. 0.07% 1,645 $399K Add +6.5%
AVGO Broadcom Inc. 0.07% 1,111 $385K No change
VCRB Vanguard Core Bond ETF 0.06% 4,831 $376K New
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.06% 1,313 $367K Reduce -4.8%
IJH iShares Core S&P Midcap ETF 0.06% 5,453 $360K Add +0.2%
ABT Abbott Laboratories 0.06% 2,799 $351K No change
EEM iShares MSCI Emerging Market 0.06% 6,131 $335K Add +14.6%
GLW Corning Inc. 0.05% 3,631 $318K No change
SCHZ Schwab US Aggregate Bond ETF 0.05% 13,294 $311K Add +1.3%
ABBV Abbvie Inc. 0.05% 1,317 $301K Add +0.1%
IVE iShares S&P 500 Value ETF 0.05% 1,373 $291K Add +0.1%
RTX RTX Corp. 0.05% 1,577 $289K Add +1.1%
UNP Union Pacific Corp. 0.05% 1,200 $278K No change
IJR iShares Core S&P Small-Cap E 0.05% 2,297 $276K Add +0.0%
AOA iShares Core 80/20 Aggressiv 0.04% 2,919 $261K Add +22.7%
CARE Carter Bankshares Inc. 0.04% 12,862 $253K Reduce -11.6%
WMB Williams Cos Inc. 0.04% 4,045 $243K No change
SLV iShares Silver Trust 0.04% 3,738 $241K New
IWV iShares Russell 3000 ETF 0.04% 611 $236K No change
IEMG iShares Core MSCI Emerging 0.04% 3,479 $234K Add +0.1%
IWN iShares Russell 2000 Value E 0.04% 1,261 $228K Add +0.2%
URI United Rentals Inc. 0.04% 280 $227K No change
AUB Atlantic Union Bankshares Co. 0.04% 6,238 $220K Add +0.2%
PFE Pfizer Inc. 0.04% 8,604 $214K No change
VGIT Vanguard Intermediate-Term T 0.04% 3,525 $211K New
VGK Vanguard Ftse Europe ETF 0.04% 2,525 $211K No change
SO The Southern Co. 0.04% 2,386 $208K No change
ESGV Vanguard ESG US Stock ETF 0.03% 1,655 $200K New

Portfolio Sells Q3 2025 → Q4 2025
VUG Vanguard Mrngstar GR ETF-Sui Reduce -3.5% 11.07% −0.45
SPYV SS SPDR P S&P 500 Value ETF Reduce -10.5% 0.67% −0.07
IWF iShares Russell 1000 Growth Reduce -13.8% 0.27% −0.05
VOE Vngrd Mrngstr MD-Cap Val ETF Sold out 0.00% −0.04
MO Altria Group Inc. Sold out 0.00% −0.04
MDLZ Mondelez International Inc. Class A Sold out 0.00% −0.04
D Dominion Energy Inc. Sold out 0.00% −0.03
VBK Van Morst SML-Cap Gro-Usd Inc. Reduce -0.4% 3.38% −0.03
NSC Norfolk Southern Corp. Reduce -0.1% 0.46% −0.03
VEU Vanguard Ftse All-World Ex-U Reduce -5.7% 0.34% −0.02
VXF Vanguard Extended Market ETF Reduce -0.7% 0.56% −0.02
SCZ iShares MSCI Eafe Small-Cap Reduce -1.1% 0.66% −0.01
SPEM State Street SP PTF Em ETF Reduce -0.5% 0.54% −0.01
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -2.3% 0.46% −0.01
IWP iShares Russell Mid-Cap Grow Reduce -5.9% 0.07% −0.01
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -4.8% 0.06% −0.01
VB Vanguard Most SM-Cap ETF-Usd Reduce -1.6% 0.29% −0.01
CARE Carter Bankshares Inc. Reduce -11.6% 0.04% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -0.4% 2.02% −0.01
LRGF iShares US Equity Factor ETF Reduce -0.1% 0.23% −0.00
DFIV Dimensional International Va Reduce -8.7% 0.07% −0.00
VOO Vanguard S&P 500 ETF Reduce -0.3% 1.12% −0.00
XOM Exxon Mobil Corp. Reduce -4.3% 0.26% 0.00
VXUS Vanguard Total Intl Stock Reduce -0.1% 0.24% +0.00
VFMF Vanguard US Multifactor ETF Reduce -1.4% 0.50% +0.00

Portfolio Buys Q3 2025 → Q4 2025
BNDX Vanguard Total Intl Bond ETF Add +8.1% 9.52% +0.32
VEA Vanguard Ftse Developed ETF Add +0.3% 8.22% +0.20
VTV Vanguard Mrngstr Val ETF-Aui Add +1.1% 9.86% +0.14
MUB iShares National Muni Bond E Add +10.6% 1.01% +0.08
SPDW Ste STR SPDR PT DW Eu ETF Add +1.4% 2.18% +0.06
VCRB Vanguard Core Bond ETF New 0.06% +0.06
VBIL Vanguard 0-3M T-Bill ETF Add +99.1% 0.09% +0.04
SLV iShares Silver Trust New 0.04% +0.04
VCIT Vanguard Int-Term Corporate Add +5.5% 1.33% +0.04
VGIT Vanguard Intermediate-Term T New 0.04% +0.04
ESGV Vanguard ESG US Stock ETF New 0.03% +0.03
GOOG Alphabet Inc. Class C Add +1.9% 0.14% +0.03
VBR Vngrd Mrngst SL-CP Val ETF-U Add +1.4% 3.64% +0.03
GOOGL Alphabet Inc. Class A Add +0.6% 0.12% +0.03
AAPL Apple Inc. Add +0.2% 0.30% +0.01
VTEB Vanguard Tax-Exempt Bond ETF Add +2.3% 1.96% +0.01
COF Capital One Financial Corp. Add +6.5% 0.07% +0.01
AOA iShares Core 80/20 Aggressiv Add +22.7% 0.04% +0.01
EEM iShares MSCI Emerging Market Add +14.6% 0.06% +0.01
WMT Walmart Inc. Add +0.7% 0.12% +0.01
AMZN Amazon.com Inc. Add +0.2% 0.23% +0.01
SPTS SS SPDR P St Term TSY ETF Add +5.2% 0.25% +0.01
SLYV SS SPDR S&P 600 SC Val ETF Add +0.5% 0.48% +0.00
RTX RTX Corp. Add +1.1% 0.05% +0.00
DFAX Dimensional World Ex US Core Add +0.6% 0.14% +0.00
IEFA iShares Core MSCI Eafe ETF Add +1.8% 0.14% +0.00
SUB iShares Short-Term National Add +2.3% 1.81% +0.00
SPYG SS SPDR P S&P 500 Growth ETF Add +0.3% 0.78% +0.00
EFA iShares MSCI Eafe ETF Add +0.4% 0.19% +0.00
IWD iShares Russell 1000 Value E Add +0.2% 0.15% +0.00
DFIS Dimensional International SM Add +0.3% 0.07% +0.00
DFAE Dimensional Emerging Core Eq Add +0.7% 0.08% +0.00
DFSV Dimensional US Small Cap Val Add +0.4% 0.07% +0.00
DFAC Dimensional US Core Equity 2 Add +0.1% 0.14% +0.00
DFAT Dimensional US Target Value Add +0.2% 0.19% +0.00
GE General Electric Add +0.1% 0.13% +0.00
IVV iShares Core S&P 500 ETF Add +0.1% 0.16% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +0.2% 0.11% +0.00
IVE iShares S&P 500 Value ETF Add +0.1% 0.05% +0.00
IWN iShares Russell 2000 Value E Add +0.2% 0.04% +0.00
IVW iShares S&P 500 Growth ETF Add +0.1% 0.08% +0.00
IEMG iShares Core MSCI Emerging Add +0.1% 0.04% 0.00
IJR iShares Core S&P Small-Cap E Add +0.0% 0.05% −0.00
IJH iShares Core S&P Midcap ETF Add +0.2% 0.06% −0.00
SCHZ Schwab US Aggregate Bond ETF Add +1.3% 0.05% −0.00
AUB Atlantic Union Bankshares Co. Add +0.2% 0.04% −0.00
IWS iShares Russell Mid-Cap Valu Add +0.1% 0.07% −0.00
ABBV Abbvie Inc. Add +0.1% 0.05% −0.00
AGG iShares Core U.S. Aggregate Add +0.4% 0.10% −0.00
BRK.B Berkshire Hathaway Inc. Class B Add +0.3% 0.14% −0.00

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