Salvus Wealth Management, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 10, 2025), Salvus Wealth Management, LLC reported 121 stock positions worth $159.5 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 6.0% of the portfolio, followed by Progressive (PGR, 4.4%) and Alphabet Class C (GOOG, 3.7%). Compared with Q4 2024, it opened 10 new positions, sold out of 7, added to 85 and reduced 18. The biggest buy was a new position in Arista Networks (ANET) and the biggest sale American Express (AXP, shares −20%).

Most Recent 13F
Q2 2026
Location
RED BANK, NJ
CIK
0001809236
Portfolio Value
$159.5M (Q1 2025)
SEC Filing
0001085146-25-002015 ↗ filed Apr 10, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $146.4M Q1 2024 Q2 2024: $145.7M Q2 2024 Q3 2024: $162.9M Q3 2024 Q4 2024: $156.8M Q4 2024 Q1 2025: $159.5M $159.5M Q1 2025 Q2 2025: $171.3M Q2 2025 Q3 2025: $179.0M Q3 2025 Q4 2025: $178.8M Q4 2025 Q1 2026: $172.0M Q1 2026 Q2 2026: $178.5M Q2 2026

Holdings 121 stocks · $159.5M
BRK.B Berkshire Hathaway Inc. Class B 5.97% 17,874 $9.5M Add +0.3%
PGR Progressive Corp. 4.45% 25,059 $7.1M Reduce -1.7%
GOOG Alphabet Inc. Class C 3.71% 37,870 $5.9M Reduce -3.2%
SCHW Schwab (charles) Corp. 3.67% 74,798 $5.9M Add +0.5%
AAPL Apple Inc. 3.43% 24,618 $5.5M Reduce -7.9%
SGI Somnigroup International Inc. 2.89% 77,048 $4.6M Reduce -0.0%
AXP American Express Co. 2.80% 16,578 $4.5M Reduce -19.8%
BKNG Booking Holdings Inc. 2.78% 961 $4.4M Add +0.9%
FISV Fiserv Inc. 2.56% 18,484 $4.1M Add +18.9%
ADI Analog Devices Inc. 2.51% 19,813 $4.0M Add +1.8%
FND Floor & Decor Holdings Inc. Class A 2.42% 47,910 $3.9M Add +41.7%
THO Thor Industries Inc. 2.33% 49,005 $3.7M Add +16.2%
MSFT Microsoft Corp. 2.16% 9,161 $3.4M Add +0.3%
ABG Asbury Automotive Group 1.90% 13,699 $3.0M Add +1.5%
AON Aon PLC Class A 1.72% 6,876 $2.7M Add +20.3%
AWI Armstrong World Industries 1.57% 17,808 $2.5M Reduce -1.7%
ASTS Ast Spacemobile Inc. 1.55% 108,759 $2.5M Add +0.2%
NVR NVR Inc. 1.54% 338 $2.4M Add +0.6%
BN Brookfield Corp. 1.39% 42,149 $2.2M Add +0.2%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 1.37% 33,016 $2.2M No change
MKL Markel Group Inc. 1.33% 1,134 $2.1M Add +0.2%
AMZN Amazon.com Inc. 1.33% 11,120 $2.1M Add +1.4%
NVDA Nvidia Corp. 1.31% 19,214 $2.1M Add +3.3%
ORLY O'reilly Automotive Inc. 1.28% 1,428 $2.0M Add +0.1%
ANET Arista Networks Inc. 1.24% 25,464 $2.0M New
IBP Installed Building Products 1.20% 11,139 $1.9M New
BIL SS SPDR BB 1-3M T-Bill ETF 1.14% 19,754 $1.8M Add +57.1%
CCOI Cogent Communications Holdin 1.10% 28,728 $1.8M Add +0.2%
AMT American Tower Corp. 1.06% 7,791 $1.7M Add +3.3%
MC Moelis & Co. Class A 1.02% 27,748 $1.6M Reduce -24.1%
GBIL Goldman Sachs Access Treasur 0.99% 15,732 $1.6M Add +4.9%
BLK BlackRock Inc. 0.98% 1,648 $1.6M New
LLY Eli Lilly & Co. 0.98% 1,885 $1.6M Add +12.9%
PM Philip Morris International 0.88% 8,880 $1.4M Add +1.2%
WSC Willscot Holdings Corp. 0.85% 48,890 $1.4M Add +2.4%
AMAT Applied Materials Inc. 0.82% 9,032 $1.3M Add +0.2%
JNJ Johnson & Johnson 0.77% 7,391 $1.2M Add +17.4%
NSC Norfolk Southern Corp. 0.73% 4,929 $1.2M Add +15.7%
V Visa Inc. Class A 0.72% 3,293 $1.2M Add +1.6%
APD Air Products & Chemicals Inc. 0.72% 3,879 $1.1M Add +1.4%
PAYX Paychex Inc. 0.71% 7,298 $1.1M Add +1.6%
CSCO Cisco Systems Inc. 0.70% 18,174 $1.1M Reduce -17.4%
KMX Carmax Inc. 0.69% 14,103 $1.1M Add +0.4%
L Loews Corp. 0.68% 11,848 $1.1M Add +1.4%
CVX Chevron Corp. 0.64% 6,130 $1.0M Add +1.8%
UL Unilever PLC 0.62% 16,595 $988K Add +3.1%
TXN Texas Instruments Inc. 0.61% 5,421 $974K Add +9.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.61% 9,791 $966K Add +0.1%
SBUX Starbucks Corp. 0.60% 9,683 $950K Add +36.5%
CINF Cincinnati Financial Corp. 0.59% 6,367 $941K Add +4.7%
MO Altria Group Inc. 0.58% 15,362 $922K Add +4.2%
LOW Lowe's Cos Inc. 0.57% 3,910 $912K Add +1.0%
CMCSA Comcast Corp. Class A 0.56% 24,018 $886K Add +9.6%
FNV Franco-Nevada Corp. 0.55% 5,615 $885K Add +30.6%
MA Mastercard Inc. Class A 0.55% 1,595 $874K Add +0.9%
ENB Enbridge Inc. 0.53% 19,206 $851K Add +0.9%
ORCL Oracle Corp. 0.52% 5,896 $824K Add +21.6%
FIS Fidelity National Info Serv 0.48% 10,242 $765K Add +13.6%
MDT Medtronic PLC 0.46% 8,076 $726K Add +2.1%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.45% 69,500 $712K Add +3.7%
D Dominion Energy Inc. 0.45% 12,679 $711K Add +23.2%
FAST Fastenal Co. 0.44% 9,000 $698K Add +1.6%
NOC Northrop Grumman Corp. 0.43% 1,349 $691K Add +1.5%
AEM Agnico Eagle Mines Ltd. 0.43% 6,367 $690K Reduce -52.2%
ABT Abbott Laboratories 0.43% 5,183 $688K Add +2.7%
META Meta Platforms Inc. Class A 0.41% 1,145 $660K Add +15.1%
ZTS Zoetis Inc. 0.41% 3,977 $655K Add +25.2%
SHOP Shopify Inc. Class A 0.40% 6,748 $644K Add +2.5%
CDW CDW Corp. 0.40% 4,004 $642K Add +0.2%
TEL Te Connectivity PLC 0.40% 4,492 $635K Add +10.8%
TRV The Travelers Cos Inc. 0.39% 2,369 $627K Add +0.8%
EPD Enterprise Products Partners 0.37% 17,056 $582K Add +0.0%
TMO Thermo Fisher Scientific Inc. 0.36% 1,140 $567K Add +3.6%
NOW ServiceNow Inc. 0.35% 709 $564K Reduce -28.0%
DEO Diageo PLC-Sponsored ADR 0.34% 5,200 $545K Reduce -26.5%
CTVA Corteva Inc. 0.33% 8,286 $521K Add +1.8%
EOG EOG Resources Inc. 0.33% 4,046 $519K Add +2.3%
ECPG Encore Capital Group Inc. 0.32% 14,968 $513K Add +0.5%
BAM Brookfield Asset Mgmt-A 0.32% 10,565 $512K Add +0.2%
CCI Crown Castle Inc. 0.32% 4,843 $505K Add +9.8%
HSY The Hershey Co. 0.31% 2,926 $500K Add +76.7%
RH RH 0.31% 2,117 $496K Add +0.1%
UPS United Parcel Service Class B 0.30% 4,363 $480K Add +9.5%
ADBE Adobe Inc. 0.30% 1,235 $474K Add +1.8%
NFLX Netflix Inc. 0.30% 506 $472K Reduce -39.4%
MSCI MSCI Inc. 0.29% 824 $466K Add +2.6%
ACN Accenture PLC Class A 0.28% 1,456 $454K Add +1.5%
GEHC GE Healthcare Technology 0.28% 5,616 $453K Add +2.4%
UNH Unitedhealth Group Inc. 0.28% 848 $444K Add +1.6%
GLW Corning Inc. 0.28% 9,686 $443K New
ABNB Airbnb Inc. Class A 0.26% 3,524 $421K Add +1.8%
HON Honeywell International Inc. 0.26% 1,962 $415K New
WDAY Workday Inc. Class A 0.24% 1,658 $387K Add +2.8%
ET Energy Transfer LP 0.22% 18,632 $346K Add +0.0%
KO The Coca-Cola Co. 0.22% 4,835 $346K Add +6.2%
GD General Dynamics Corp. 0.21% 1,238 $337K Add +5.6%
VZ Verizon Communications Inc. 0.20% 7,007 $318K Reduce -19.9%
T AT&T Inc. 0.20% 11,124 $315K Add +3.3%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.19% 3,863 $300K Add +1.3%
MTB M & T Bank Corp. filed as M & T BK CORP 0.18% 1,646 $294K Add +7.7%

Show all 121 holdings

Portfolio Sells Q4 2024 → Q1 2025
AXP American Express Co. Reduce -19.8% 2.80% −1.11
GOOG Alphabet Inc. Class C Reduce -3.2% 3.71% −1.04
AAPL Apple Inc. Reduce -7.9% 3.43% −0.84
MC Moelis & Co. Class A Reduce -24.1% 1.02% −0.71
MRK Merck & Co. Inc. Reduce -74.9% 0.18% −0.62
VTI VG Morningstar TS MKT ETF-US Sold out 0.00% −0.38
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −0.33
NOW ServiceNow Inc. Reduce -28.0% 0.35% −0.31
DEO Diageo PLC-Sponsored ADR Reduce -26.5% 0.34% −0.23
AEM Agnico Eagle Mines Ltd. Reduce -52.2% 0.43% −0.23
LHX L3HARRIS Technologies Inc. Sold out 0.00% −0.20
DD Dupont DE Nemours Inc. Reduce -52.1% 0.16% −0.19
VXUS Vanguard Total Intl Stock Sold out 0.00% −0.18
NFLX Netflix Inc. Reduce -39.4% 0.30% −0.18
NVO Novo-Nordisk A/S-Spons ADR Sold out 0.00% −0.17
APP AppLovin Corp. Class A Sold out 0.00% −0.14
TSLA Tesla Inc. Sold out 0.00% −0.13
CSCO Cisco Systems Inc. Reduce -17.4% 0.70% −0.13
IT Gartner Inc. Reduce -24.4% 0.13% −0.07
AWI Armstrong World Industries Reduce -1.7% 1.57% −0.06
GOOGL Alphabet Inc. Class A Reduce -0.6% 0.14% −0.04
QQQ Invesco QQQ Trust Series 1 Reduce -10.2% 0.13% −0.03
VZ Verizon Communications Inc. Reduce -19.9% 0.20% −0.02
SGI Somnigroup International Inc. Reduce -0.0% 2.89% +0.11
PGR Progressive Corp. Reduce -1.7% 4.45% +0.55

Portfolio Buys Q4 2024 → Q1 2025
ANET Arista Networks Inc. New 1.24% +1.24
IBP Installed Building Products New 1.20% +1.20
BLK BlackRock Inc. New 0.98% +0.98
BRK.B Berkshire Hathaway Inc. Class B Add +0.3% 5.97% +0.82
FISV Fiserv Inc. Add +18.9% 2.56% +0.52
AON Aon PLC Class A Add +20.3% 1.72% +0.41
BIL SS SPDR BB 1-3M T-Bill ETF Add +57.1% 1.14% +0.40
GLW Corning Inc. New 0.28% +0.28
FND Floor & Decor Holdings Inc. Class A Add +41.7% 2.42% +0.27
HON Honeywell International Inc. New 0.26% +0.26
FNV Franco-Nevada Corp. Add +30.6% 0.55% +0.23
PM Philip Morris International Add +1.2% 0.88% +0.21
ORLY O'reilly Automotive Inc. Add +0.1% 1.28% +0.20
JNJ Johnson & Johnson Add +17.4% 0.77% +0.19
SBUX Starbucks Corp. Add +36.5% 0.60% +0.18
AMT American Tower Corp. Add +3.3% 1.06% +0.18
SCHW Schwab (charles) Corp. Add +0.5% 3.67% +0.16
INTC Intel Corp. New 0.15% +0.15
LLY Eli Lilly & Co. Add +12.9% 0.98% +0.15
CME Cme Group Inc. New 0.15% +0.15
KMB Kimberly-Clark Corp. New 0.15% +0.15
HSY The Hershey Co. Add +76.7% 0.31% +0.13
APAM Artisan Partners Asset Ma -A New 0.13% +0.13
UGI Ugi Corp. New 0.13% +0.13
NSC Norfolk Southern Corp. Add +15.7% 0.73% +0.09
D Dominion Energy Inc. Add +23.2% 0.45% +0.09
ASTS Ast Spacemobile Inc. Add +0.2% 1.55% +0.09
CVX Chevron Corp. Add +1.8% 0.64% +0.09
MO Altria Group Inc. Add +4.2% 0.58% +0.09
MKL Markel Group Inc. Add +0.2% 1.33% +0.08
ZTS Zoetis Inc. Add +25.2% 0.41% +0.08
V Visa Inc. Class A Add +1.6% 0.72% +0.07
ABT Abbott Laboratories Add +2.7% 0.43% +0.07
PAYX Paychex Inc. Add +1.6% 0.71% +0.06
CCI Crown Castle Inc. Add +9.8% 0.32% +0.06
MDT Medtronic PLC Add +2.1% 0.46% +0.05
L Loews Corp. Add +1.4% 0.68% +0.05
META Meta Platforms Inc. Class A Add +15.1% 0.41% +0.04
T AT&T Inc. Add +3.3% 0.20% +0.04
STX Seagate Technology Holdings Add +31.7% 0.18% +0.04
UL Unilever PLC Add +3.1% 0.62% +0.04
KO The Coca-Cola Co. Add +6.2% 0.22% +0.04
NOC Northrop Grumman Corp. Add +1.5% 0.43% +0.04
GBIL Goldman Sachs Access Treasur Add +4.9% 0.99% +0.03
DUK Duke Energy Corp. Add +10.6% 0.17% +0.03
CINF Cincinnati Financial Corp. Add +4.7% 0.59% +0.03
TRV The Travelers Cos Inc. Add +0.8% 0.39% +0.03
FAST Fastenal Co. Add +1.6% 0.44% +0.03
CTVA Corteva Inc. Add +1.8% 0.33% +0.03
CMCSA Comcast Corp. Class A Add +9.6% 0.56% +0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 125$178.5MBRK.B, GOOG, ASTS, SCHW, AAPL
Q1 2026 126$172.0MBRK.B, SCHW, ASTS, GOOG, GBIL
Q4 2025 136$178.8MBRK.B, SCHW, ASTS, GOOG, AAPL
Q3 2025 133$179.0MBRK.B, SCHW, PGR, AAPL, THO
Q2 2025 126$171.3MBRK.B, SCHW, PGR, BKNG, AXP
Q1 2025 121$159.5MBRK.B, PGR, GOOG, SCHW, AAPL
Q4 2024 118$156.8MBRK.B, GOOG, AAPL, AXP, PGR
Q3 2024 115$162.9MBRK.B, GOOG, PGR, AAPL, AXP
Q2 2024 110$145.7MGOOG, BRK.B, PGR, SCHW, BKNG
Q1 2024 106$146.4MBRK.B, GOOG, PGR, SCHW, EL