Salvus Wealth Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 14, 2025), Salvus Wealth Management, LLC reported 126 stock positions worth $171.3 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 4.8% of the portfolio, followed by Schwab (charles) (SCHW, 3.9%) and Progressive (PGR, 3.8%). Compared with Q1 2025, it opened 10 new positions, sold out of 5, added to 35 and reduced 73. The biggest buy was Installed Building Products (IBP, shares +58%) and the biggest sale Alphabet Class C (GOOG, shares −41%).
- Most Recent 13F
- Q2 2026
- Location
- RED BANK, NJ
- CIK
- 0001809236
- Portfolio Value
- $171.3M (Q2 2025)
- SEC Filing
- 0001085146-25-003795 ↗ filed Jul 14, 2025
Holdings Value
Holdings 126 stocks · $171.3M
| BRK.B Berkshire Hathaway Inc. Class B | 4.76% | 16,776 | $8.1M | Reduce -6.1% |
| SCHW Schwab (charles) Corp. | 3.90% | 73,307 | $6.7M | Reduce -2.0% |
| PGR Progressive Corp. | 3.82% | 24,491 | $6.5M | Reduce -2.3% |
| BKNG Booking Holdings Inc. | 3.19% | 944 | $5.5M | Reduce -1.8% |
| AXP American Express Co. | 3.05% | 16,370 | $5.2M | Reduce -1.3% |
| SGI Somnigroup International Inc. | 2.95% | 74,351 | $5.1M | Reduce -3.5% |
| ASTS Ast Spacemobile Inc. | 2.91% | 106,776 | $5.0M | Reduce -1.8% |
| THO Thor Industries Inc. | 2.78% | 53,681 | $4.8M | Add +9.5% |
| AAPL Apple Inc. | 2.78% | 23,172 | $4.8M | Reduce -5.9% |
| ADI Analog Devices Inc. | 2.71% | 19,525 | $4.6M | Reduce -1.4% |
| MSFT Microsoft Corp. | 2.64% | 9,087 | $4.5M | Reduce -0.8% |
| FISV Fiserv Inc. | 2.44% | 24,282 | $4.2M | Add +31.4% |
| FND Floor & Decor Holdings Inc. Class A | 2.40% | 54,109 | $4.1M | Add +12.9% |
| GOOG Alphabet Inc. Class C | 2.33% | 22,490 | $4.0M | Reduce -40.6% |
| ABG Asbury Automotive Group | 1.89% | 13,559 | $3.2M | Reduce -1.0% |
| IBP Installed Building Products | 1.85% | 17,545 | $3.2M | Add +57.5% |
| NVDA Nvidia Corp. | 1.80% | 19,550 | $3.1M | Add +1.8% |
| AWI Armstrong World Industries | 1.66% | 17,507 | $2.8M | Reduce -1.7% |
| BN Brookfield Corp. | 1.49% | 41,391 | $2.6M | Reduce -1.8% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 1.48% | 31,459 | $2.5M | Reduce -4.7% |
| ANET Arista Networks Inc. | 1.47% | 24,625 | $2.5M | Reduce -3.3% |
| NVR NVR Inc. | 1.44% | 333 | $2.5M | Reduce -1.5% |
| AON Aon PLC Class A | 1.41% | 6,775 | $2.4M | Reduce -1.5% |
| MKL Markel Group Inc. | 1.30% | 1,114 | $2.2M | Reduce -1.8% |
| AMZN Amazon.com Inc. | 1.22% | 9,531 | $2.1M | Reduce -14.3% |
| ORLY O'reilly Automotive Inc. | 1.11% | 21,060 | $1.9M | Reduce -1.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.01% | 18,776 | $1.7M | Reduce -5.0% |
| BLK BlackRock Inc. | 1.00% | 1,638 | $1.7M | Reduce -0.6% |
| MC Moelis & Co. Class A | 1.00% | 27,450 | $1.7M | Reduce -1.1% |
| AMT American Tower Corp. | 1.00% | 7,721 | $1.7M | Reduce -0.9% |
| AMAT Applied Materials Inc. | 0.95% | 8,868 | $1.6M | Reduce -1.8% |
| NSC Norfolk Southern Corp. | 0.88% | 5,863 | $1.5M | Add +18.9% |
| GBIL Goldman Sachs Access Treasur | 0.87% | 14,898 | $1.5M | Reduce -5.3% |
| LLY Eli Lilly & Co. | 0.86% | 1,890 | $1.5M | Add +0.3% |
| CCOI Cogent Communications Holdin | 0.79% | 28,202 | $1.4M | Reduce -1.8% |
| PM Philip Morris International | 0.78% | 7,382 | $1.3M | Reduce -16.9% |
| ORCL Oracle Corp. | 0.78% | 6,139 | $1.3M | Add +4.1% |
| APD Air Products & Chemicals Inc. | 0.78% | 4,717 | $1.3M | Add +21.6% |
| WSC Willscot Holdings Corp. | 0.78% | 48,470 | $1.3M | Reduce -0.9% |
| CSCO Cisco Systems Inc. | 0.72% | 17,746 | $1.2M | Reduce -2.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.70% | 9,640 | $1.2M | Reduce -1.5% |
| V Visa Inc. Class A | 0.68% | 3,296 | $1.2M | Add +0.1% |
| JNJ Johnson & Johnson | 0.66% | 7,452 | $1.1M | Add +0.8% |
| CVX Chevron Corp. | 0.65% | 7,830 | $1.1M | Add +27.7% |
| TXN Texas Instruments Inc. | 0.64% | 5,296 | $1.1M | Reduce -2.3% |
| L Loews Corp. | 0.63% | 11,713 | $1.1M | Reduce -1.1% |
| SBUX Starbucks Corp. | 0.62% | 11,586 | $1.1M | Add +19.6% |
| PAYX Paychex Inc. | 0.62% | 7,251 | $1.1M | Reduce -0.6% |
| UL Unilever PLC | 0.58% | 16,340 | $1000K | Reduce -1.5% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.56% | 69,500 | $954K | No change |
| D Dominion Energy Inc. | 0.55% | 16,774 | $948K | Add +32.3% |
| CINF Cincinnati Financial Corp. | 0.55% | 6,345 | $945K | Reduce -0.3% |
| KMX Carmax Inc. | 0.54% | 13,869 | $932K | Reduce -1.7% |
| GLW Corning Inc. | 0.54% | 17,720 | $932K | Add +82.9% |
| FNV Franco-Nevada Corp. | 0.53% | 5,565 | $912K | Reduce -0.9% |
| MO Altria Group Inc. | 0.52% | 15,258 | $895K | Reduce -0.7% |
| MA Mastercard Inc. Class A | 0.52% | 1,584 | $890K | Reduce -0.7% |
| LOW Lowe's Cos Inc. | 0.50% | 3,842 | $852K | Reduce -1.7% |
| FIS Fidelity National Info Serv | 0.48% | 10,090 | $821K | Reduce -1.5% |
| ENB Enbridge Inc. | 0.48% | 18,103 | $820K | Reduce -5.7% |
| NOW ServiceNow Inc. | 0.47% | 789 | $811K | Add +11.3% |
| SHOP Shopify Inc. Class A | 0.45% | 6,721 | $775K | Reduce -0.4% |
| TEL Te Connectivity PLC | 0.43% | 4,413 | $744K | Reduce -1.8% |
| AEM Agnico Eagle Mines Ltd. | 0.43% | 6,239 | $742K | Reduce -2.0% |
| FAST Fastenal Co. | 0.43% | 17,615 | $740K | Reduce -2.1% |
| META Meta Platforms Inc. Class A | 0.43% | 990 | $731K | Reduce -13.5% |
| CDW CDW Corp. | 0.41% | 3,931 | $702K | Reduce -1.8% |
| MDT Medtronic PLC | 0.41% | 8,051 | $702K | Reduce -0.3% |
| ABT Abbott Laboratories | 0.41% | 5,113 | $695K | Reduce -1.4% |
| NFLX Netflix Inc. | 0.39% | 498 | $667K | Reduce -1.6% |
| NOC Northrop Grumman Corp. | 0.39% | 1,329 | $664K | Reduce -1.5% |
| CTVA Corteva Inc. | 0.37% | 8,562 | $638K | Add +3.3% |
| ZTS Zoetis Inc. | 0.36% | 4,005 | $625K | Add +0.7% |
| TRV The Travelers Cos Inc. | 0.36% | 2,321 | $621K | Reduce -2.0% |
| ADBE Adobe Inc. | 0.34% | 1,511 | $585K | Add +22.4% |
| BAM Brookfield Asset Mgmt-A | 0.33% | 10,374 | $573K | Reduce -1.8% |
| ECPG Encore Capital Group Inc. | 0.33% | 14,698 | $569K | Reduce -1.8% |
| EPD Enterprise Products Partners | 0.31% | 17,058 | $529K | Add +0.0% |
| STX Seagate Technology Holdings | 0.29% | 3,416 | $493K | Add +2.0% |
| CCI Crown Castle Inc. | 0.29% | 4,759 | $489K | Reduce -1.7% |
| EOG EOG Resources Inc. | 0.28% | 4,073 | $487K | Add +0.7% |
| HSY The Hershey Co. | 0.28% | 2,916 | $484K | Reduce -0.3% |
| CMCSA Comcast Corp. Class A | 0.28% | 13,510 | $482K | Reduce -43.8% |
| MSCI MSCI Inc. | 0.28% | 819 | $472K | Reduce -0.6% |
| CB Chubb Ltd. | 0.27% | 1,608 | $466K | New |
| ABNB Airbnb Inc. Class A | 0.27% | 3,467 | $459K | Reduce -1.6% |
| HON Honeywell International Inc. | 0.26% | 1,948 | $454K | Reduce -0.7% |
| TMO Thermo Fisher Scientific Inc. | 0.26% | 1,112 | $451K | Reduce -2.5% |
| ACN Accenture PLC Class A | 0.25% | 1,431 | $428K | Reduce -1.7% |
| EMR Emerson Electric Co. | 0.25% | 3,175 | $423K | New |
| GEHC GE Healthcare Technology | 0.24% | 5,621 | $416K | Add +0.1% |
| WDAY Workday Inc. Class A | 0.23% | 1,655 | $397K | Reduce -0.2% |
| RH RH | 0.23% | 2,078 | $393K | Reduce -1.8% |
| DEO Diageo PLC-Sponsored ADR | 0.22% | 3,731 | $376K | Reduce -28.3% |
| GD General Dynamics Corp. | 0.22% | 1,274 | $372K | Add +2.9% |
| KO The Coca-Cola Co. | 0.20% | 4,948 | $350K | Add +2.3% |
| ET Energy Transfer LP | 0.20% | 18,640 | $338K | Add +0.0% |
| T AT&T Inc. | 0.19% | 11,405 | $330K | Add +2.5% |
| IDXX Idexx Laboratories Inc. | 0.19% | 613 | $329K | New |
| SYY Sysco Corp. | 0.19% | 4,340 | $329K | New |
Portfolio Sells Q1 2025 → Q2 2025
| GOOG Alphabet Inc. Class C | Reduce -40.6% | 2.33% | −1.38 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -6.1% | 4.76% | −1.21 |
| AAPL Apple Inc. | Reduce -5.9% | 2.78% | −0.65 |
| PGR Progressive Corp. | Reduce -2.3% | 3.82% | −0.63 |
| CCOI Cogent Communications Holdin | Reduce -1.8% | 0.79% | −0.31 |
| AON Aon PLC Class A | Reduce -1.5% | 1.41% | −0.31 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.30 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.28 |
| CMCSA Comcast Corp. Class A | Reduce -43.8% | 0.28% | −0.27 |
| IFF Intl Flavors & Fragrances | Sold out | 0.00% | −0.19 |
| ORLY O'reilly Automotive Inc. | Reduce -1.7% | 1.11% | −0.17 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.16 |
| KMX Carmax Inc. | Reduce -1.7% | 0.54% | −0.14 |
| IT Gartner Inc. | Sold out | 0.00% | −0.13 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -5.0% | 1.01% | −0.13 |
| DEO Diageo PLC-Sponsored ADR | Reduce -28.3% | 0.22% | −0.12 |
| GBIL Goldman Sachs Access Treasur | Reduce -5.3% | 0.87% | −0.12 |
| AMZN Amazon.com Inc. | Reduce -14.3% | 1.22% | −0.11 |
| NVR NVR Inc. | Reduce -1.5% | 1.44% | −0.10 |
| PM Philip Morris International | Reduce -16.9% | 0.78% | −0.10 |
| TMO Thermo Fisher Scientific Inc. | Reduce -2.5% | 0.26% | −0.09 |
| PAYX Paychex Inc. | Reduce -0.6% | 0.62% | −0.09 |
| RH RH | Reduce -1.8% | 0.23% | −0.08 |
| WSC Willscot Holdings Corp. | Reduce -0.9% | 0.78% | −0.08 |
| LOW Lowe's Cos Inc. | Reduce -1.7% | 0.50% | −0.07 |
| AMT American Tower Corp. | Reduce -0.9% | 1.00% | −0.07 |
| L Loews Corp. | Reduce -1.1% | 0.63% | −0.06 |
| MO Altria Group Inc. | Reduce -0.7% | 0.52% | −0.06 |
| ENB Enbridge Inc. | Reduce -5.7% | 0.48% | −0.05 |
| MDT Medtronic PLC | Reduce -0.3% | 0.41% | −0.05 |
| NOC Northrop Grumman Corp. | Reduce -1.5% | 0.39% | −0.05 |
| CINF Cincinnati Financial Corp. | Reduce -0.3% | 0.55% | −0.04 |
| UL Unilever PLC | Reduce -1.5% | 0.58% | −0.04 |
| ACN Accenture PLC Class A | Reduce -1.7% | 0.25% | −0.04 |
| HSY The Hershey Co. | Reduce -0.3% | 0.28% | −0.03 |
| CCI Crown Castle Inc. | Reduce -1.7% | 0.29% | −0.03 |
| MKL Markel Group Inc. | Reduce -1.8% | 1.30% | −0.03 |
| TRV The Travelers Cos Inc. | Reduce -2.0% | 0.36% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -0.7% | 0.52% | −0.03 |
| ABT Abbott Laboratories | Reduce -1.4% | 0.41% | −0.03 |
| FNV Franco-Nevada Corp. | Reduce -0.9% | 0.53% | −0.02 |
| MC Moelis & Co. Class A | Reduce -1.1% | 1.00% | −0.02 |
| MSCI MSCI Inc. | Reduce -0.6% | 0.28% | −0.02 |
| WDAY Workday Inc. Class A | Reduce -0.2% | 0.23% | −0.01 |
| ABG Asbury Automotive Group | Reduce -1.0% | 1.89% | −0.01 |
| CME Cme Group Inc. | Reduce -1.1% | 0.14% | −0.01 |
| FAST Fastenal Co. | Reduce -2.1% | 0.43% | −0.01 |
| PAYC Paycom Software Inc. | Reduce -0.4% | 0.17% | −0.00 |
| SHEN Shenandoah Telecommunication | Reduce -1.8% | 0.16% | −0.00 |
| FIS Fidelity National Info Serv | Reduce -1.5% | 0.48% | 0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| IBP Installed Building Products | Add +57.5% | 1.85% | +0.65 |
| NVDA Nvidia Corp. | Add +1.8% | 1.80% | +0.50 |
| THO Thor Industries Inc. | Add +9.5% | 2.78% | +0.45 |
| CB Chubb Ltd. | New | 0.27% | +0.27 |
| ORCL Oracle Corp. | Add +4.1% | 0.78% | +0.27 |
| GLW Corning Inc. | Add +82.9% | 0.54% | +0.27 |
| EMR Emerson Electric Co. | New | 0.25% | +0.25 |
| IDXX Idexx Laboratories Inc. | New | 0.19% | +0.19 |
| SYY Sysco Corp. | New | 0.19% | +0.19 |
| NSC Norfolk Southern Corp. | Add +18.9% | 0.88% | +0.14 |
| HAS Hasbro Inc. | New | 0.14% | +0.14 |
| CSGP Costar Group Inc. | New | 0.14% | +0.14 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.14% | +0.14 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.14% | +0.14 |
| LHX L3HARRIS Technologies Inc. | New | 0.14% | +0.14 |
| NOW ServiceNow Inc. | Add +11.3% | 0.47% | +0.12 |
| STX Seagate Technology Holdings | Add +2.0% | 0.29% | +0.11 |
| D Dominion Energy Inc. | Add +32.3% | 0.55% | +0.11 |
| APD Air Products & Chemicals Inc. | Add +21.6% | 0.78% | +0.06 |
| CTVA Corteva Inc. | Add +3.3% | 0.37% | +0.05 |
| ADBE Adobe Inc. | Add +22.4% | 0.34% | +0.04 |
| SBUX Starbucks Corp. | Add +19.6% | 0.62% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +7.0% | 0.16% | +0.02 |
| RCT Redcloud Holdings PLC | New | 0.02% | +0.02 |
| APAM Artisan Partners Asset Ma -A | Add +5.0% | 0.14% | +0.01 |
| CVX Chevron Corp. | Add +27.7% | 0.65% | +0.01 |
| MTB M & T Bank Corp. | Add +2.5% | 0.19% | +0.01 |
| GD General Dynamics Corp. | Add +2.9% | 0.22% | +0.01 |
| T AT&T Inc. | Add +2.5% | 0.19% | −0.00 |
| INTC Intel Corp. | Add +4.8% | 0.15% | −0.01 |
| DUK Duke Energy Corp. | Add +3.1% | 0.16% | −0.01 |
| KO The Coca-Cola Co. | Add +2.3% | 0.20% | −0.01 |
| VZ Verizon Communications Inc. | Add +2.8% | 0.18% | −0.02 |
| FND Floor & Decor Holdings Inc. Class A | Add +12.9% | 2.40% | −0.02 |
| KMB Kimberly-Clark Corp. | Add +4.0% | 0.13% | −0.02 |
| ET Energy Transfer LP | Add +0.0% | 0.20% | −0.02 |
| MRK Merck & Co. Inc. | Add +3.8% | 0.15% | −0.03 |
| V Visa Inc. Class A | Add +0.1% | 0.68% | −0.04 |
| EOG EOG Resources Inc. | Add +0.7% | 0.28% | −0.04 |
| GEHC GE Healthcare Technology | Add +0.1% | 0.24% | −0.04 |
| ZTS Zoetis Inc. | Add +0.7% | 0.36% | −0.05 |
| EPD Enterprise Products Partners | Add +0.0% | 0.31% | −0.06 |
| JNJ Johnson & Johnson | Add +0.8% | 0.66% | −0.10 |
| FISV Fiserv Inc. | Add +31.4% | 2.44% | −0.12 |
| LLY Eli Lilly & Co. | Add +0.3% | 0.86% | −0.12 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 125 | $178.5M | BRK.B, GOOG, ASTS, SCHW, AAPL |
| Q1 2026 | 126 | $172.0M | BRK.B, SCHW, ASTS, GOOG, GBIL |
| Q4 2025 | 136 | $178.8M | BRK.B, SCHW, ASTS, GOOG, AAPL |
| Q3 2025 | 133 | $179.0M | BRK.B, SCHW, PGR, AAPL, THO |
| Q2 2025 | 126 | $171.3M | BRK.B, SCHW, PGR, BKNG, AXP |
| Q1 2025 | 121 | $159.5M | BRK.B, PGR, GOOG, SCHW, AAPL |
| Q4 2024 | 118 | $156.8M | BRK.B, GOOG, AAPL, AXP, PGR |
| Q3 2024 | 115 | $162.9M | BRK.B, GOOG, PGR, AAPL, AXP |
| Q2 2024 | 110 | $145.7M | GOOG, BRK.B, PGR, SCHW, BKNG |
| Q1 2024 | 106 | $146.4M | BRK.B, GOOG, PGR, SCHW, EL |