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

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 Q1 2025 Q2 2025: $171.3M $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 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
MTB M & T Bank Corp. filed as M & T BK CORP 0.19% 1,688 $327K Add +2.5%
VZ Verizon Communications Inc. 0.18% 7,200 $312K Add +2.8%
PAYC Paycom Software Inc. 0.17% 1,233 $285K Reduce -0.4%
DUK Duke Energy Corp. 0.16% 2,335 $276K Add +3.1%
QQQ Invesco QQQ Trust Series 1 0.16% 491 $271K Add +7.0%
SHEN Shenandoah Telecommunication 0.16% 19,565 $267K Reduce -1.8%
MRK Merck & Co. Inc. 0.15% 3,270 $259K Add +3.8%
INTC Intel Corp. 0.15% 11,401 $255K Add +4.8%
GOOGL Alphabet Inc. Class A 0.14% 1,407 $248K Reduce -2.4%
APAM Artisan Partners Asset Ma -A 0.14% 5,554 $246K Add +5.0%
HAS Hasbro Inc. 0.14% 3,335 $246K New
CME Cme Group Inc. 0.14% 878 $242K Reduce -1.1%
CSGP Costar Group Inc. 0.14% 3,007 $242K New
SPY SS SPDR S&P 500 ETF Trust-US 0.14% 388 $239K New
TSM Taiwan Semiconductor-SP ADR 0.14% 1,045 $237K New
LHX L3HARRIS Technologies Inc. 0.14% 926 $232K New
KMB Kimberly-Clark Corp. 0.13% 1,712 $221K Add +4.0%
UGI Ugi Corp. 0.13% 6,020 $219K Reduce -0.7%
HDV iShares Core High Dividend E 0.12% 1,795 $210K No change
HSHP Himalaya Shipping Ltd. 0.04% 13,045 $75K No change
VIR Vir Biotechnology Inc. 0.03% 11,691 $59K No change
SB Safe Bulkers Inc. 0.03% 13,193 $48K No change
FLNT Fluent Inc. 0.02% 19,003 $38K No change
RCT Redcloud Holdings PLC 0.02% 12,285 $37K New
BORR Borr Drilling Ltd. 0.02% 15,020 $27K No change
RMCF Rocky Mountain Choc Fact Inc. 0.01% 15,395 $22K No change

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

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