Salvus Wealth Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 14, 2025), Salvus Wealth Management, LLC reported 133 stock positions worth $179.0 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 4.7% of the portfolio, followed by Schwab (charles) (SCHW, 3.9%) and Progressive (PGR, 3.3%). Compared with Q2 2025, it opened 11 new positions, sold out of 4, added to 53 and reduced 63. The biggest buy was Nvidia (NVDA, shares +20%) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- RED BANK, NJ
- CIK
- 0001809236
- Portfolio Value
- $179.0M (Q3 2025)
- SEC Filing
- 0001085146-25-005932 ↗ filed Oct 14, 2025
Holdings Value
Holdings 133 stocks · $179.0M
| BRK.B Berkshire Hathaway Inc. Class B | 4.67% | 16,635 | $8.4M | Reduce -0.8% |
| SCHW Schwab (charles) Corp. | 3.86% | 72,349 | $6.9M | Reduce -1.3% |
| PGR Progressive Corp. | 3.34% | 24,200 | $6.0M | Reduce -1.2% |
| AAPL Apple Inc. | 3.10% | 21,779 | $5.5M | Reduce -6.0% |
| THO Thor Industries Inc. | 3.08% | 53,241 | $5.5M | Reduce -0.8% |
| GOOG Alphabet Inc. Class C | 2.92% | 21,456 | $5.2M | Reduce -4.6% |
| ASTS Ast Spacemobile Inc. | 2.84% | 103,703 | $5.1M | Reduce -2.9% |
| BKNG Booking Holdings Inc. | 2.81% | 933 | $5.0M | Reduce -1.2% |
| SGI Somnigroup International Inc. | 2.79% | 59,230 | $5.0M | Reduce -20.3% |
| ADI Analog Devices Inc. | 2.67% | 19,423 | $4.8M | Reduce -0.5% |
| MSFT Microsoft Corp. | 2.66% | 9,201 | $4.8M | Add +1.3% |
| NVDA Nvidia Corp. | 2.44% | 23,385 | $4.4M | Add +19.6% |
| IBP Installed Building Products | 2.40% | 17,446 | $4.3M | Reduce -0.6% |
| FISV Fiserv Inc. | 2.26% | 31,424 | $4.1M | Add +29.4% |
| AXP American Express Co. | 2.23% | 12,018 | $4.0M | Reduce -26.6% |
| FND Floor & Decor Holdings Inc. Class A | 2.22% | 53,869 | $4.0M | Reduce -0.4% |
| ABG Asbury Automotive Group | 1.86% | 13,593 | $3.3M | Add +0.3% |
| ANET Arista Networks Inc. | 1.62% | 19,871 | $2.9M | Reduce -19.3% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 1.53% | 31,171 | $2.7M | Reduce -0.9% |
| BN Brookfield Corp. | 1.53% | 40,032 | $2.7M | Reduce -3.3% |
| NVR NVR Inc. | 1.48% | 330 | $2.7M | Reduce -0.9% |
| AON Aon PLC Class A | 1.31% | 6,584 | $2.3M | Reduce -2.8% |
| AWI Armstrong World Industries | 1.27% | 11,599 | $2.3M | Reduce -33.8% |
| ORLY O'reilly Automotive Inc. | 1.23% | 20,493 | $2.2M | Reduce -2.7% |
| MKL Markel Group Inc. | 1.15% | 1,075 | $2.1M | Reduce -3.5% |
| MC Moelis & Co. Class A | 1.10% | 27,550 | $2.0M | Add +0.4% |
| AMZN Amazon.com Inc. | 1.07% | 8,690 | $1.9M | Reduce -8.8% |
| BLK BlackRock Inc. | 1.06% | 1,631 | $1.9M | Reduce -0.4% |
| NSC Norfolk Southern Corp. | 1.02% | 6,067 | $1.8M | Add +3.5% |
| AMAT Applied Materials Inc. | 0.98% | 8,527 | $1.7M | Reduce -3.9% |
| GLW Corning Inc. | 0.84% | 18,345 | $1.5M | Add +3.5% |
| ORCL Oracle Corp. | 0.83% | 5,261 | $1.5M | Reduce -14.3% |
| JNJ Johnson & Johnson | 0.81% | 7,864 | $1.5M | Add +5.5% |
| AMT American Tower Corp. | 0.81% | 7,564 | $1.5M | Reduce -2.0% |
| LLY Eli Lilly & Co. | 0.78% | 1,835 | $1.4M | Reduce -2.9% |
| GBIL Goldman Sachs Access Treasur | 0.74% | 13,281 | $1.3M | Reduce -10.8% |
| CVX Chevron Corp. | 0.71% | 8,213 | $1.3M | Add +4.9% |
| APD Air Products & Chemicals Inc. | 0.71% | 4,661 | $1.3M | Reduce -1.2% |
| FNV Franco-Nevada Corp. | 0.69% | 5,535 | $1.2M | Reduce -0.5% |
| PM Philip Morris International | 0.67% | 7,355 | $1.2M | Reduce -0.4% |
| CSCO Cisco Systems Inc. | 0.66% | 17,330 | $1.2M | Reduce -2.3% |
| L Loews Corp. | 0.66% | 11,748 | $1.2M | Add +0.3% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.62% | 69,500 | $1.1M | No change |
| CINF Cincinnati Financial Corp. | 0.60% | 6,823 | $1.1M | Add +7.5% |
| MO Altria Group Inc. | 0.60% | 16,161 | $1.1M | Add +5.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.59% | 9,253 | $1.1M | Reduce -4.0% |
| AEM Agnico Eagle Mines Ltd. | 0.59% | 6,244 | $1.1M | Add +0.1% |
| WSC Willscot Holdings Corp. | 0.58% | 49,200 | $1.0M | Add +1.5% |
| CCOI Cogent Communications Holdin | 0.58% | 26,873 | $1.0M | Reduce -4.7% |
| D Dominion Energy Inc. | 0.57% | 16,707 | $1.0M | Reduce -0.4% |
| SBUX Starbucks Corp. | 0.56% | 11,897 | $1.0M | Add +2.7% |
| AVGO Broadcom Inc. | 0.56% | 3,018 | $996K | New |
| PAYX Paychex Inc. | 0.54% | 7,664 | $971K | Add +5.7% |
| UL Unilever PLC | 0.54% | 16,380 | $971K | Add +0.2% |
| TXN Texas Instruments Inc. | 0.54% | 5,274 | $969K | Reduce -0.4% |
| TEL Te Connectivity PLC | 0.54% | 4,399 | $966K | Reduce -0.3% |
| LOW Lowe's Cos Inc. | 0.54% | 3,825 | $961K | Reduce -0.4% |
| V Visa Inc. Class A | 0.52% | 2,749 | $938K | Reduce -16.6% |
| SHOP Shopify Inc. Class A | 0.50% | 5,984 | $889K | Reduce -11.0% |
| MA Mastercard Inc. Class A | 0.48% | 1,524 | $867K | Reduce -3.8% |
| ENB Enbridge Inc. | 0.48% | 17,150 | $865K | Reduce -5.3% |
| FAST Fastenal Co. | 0.48% | 17,544 | $860K | Reduce -0.4% |
| NOC Northrop Grumman Corp. | 0.45% | 1,323 | $806K | Reduce -0.5% |
| STX Seagate Technology Holdings | 0.44% | 3,312 | $782K | Reduce -3.0% |
| NOW ServiceNow Inc. | 0.43% | 846 | $779K | Add +7.2% |
| MDT Medtronic PLC | 0.43% | 8,087 | $770K | Add +0.5% |
| META Meta Platforms Inc. Class A | 0.41% | 993 | $729K | Add +0.3% |
| OKE Oneok Inc. | 0.38% | 9,275 | $677K | New |
| FIS Fidelity National Info Serv | 0.37% | 10,057 | $663K | Reduce -0.3% |
| TRV The Travelers Cos Inc. | 0.36% | 2,326 | $649K | Add +0.2% |
| ZTS Zoetis Inc. | 0.35% | 4,267 | $624K | Add +6.5% |
| CDW CDW Corp. | 0.33% | 3,742 | $596K | Reduce -4.8% |
| KMX Carmax Inc. | 0.33% | 13,225 | $593K | Reduce -4.6% |
| ABT Abbott Laboratories | 0.33% | 4,347 | $582K | Reduce -15.0% |
| CTVA Corteva Inc. | 0.32% | 8,493 | $574K | Reduce -0.8% |
| APP AppLovin Corp. Class A | 0.32% | 797 | $573K | New |
| BAM Brookfield Asset Mgmt-A | 0.31% | 9,869 | $562K | Reduce -4.9% |
| HSY The Hershey Co. | 0.31% | 2,936 | $549K | Add +0.7% |
| EPD Enterprise Products Partners | 0.30% | 17,061 | $533K | Add +0.0% |
| GD General Dynamics Corp. | 0.28% | 1,462 | $499K | Add +14.8% |
| INTC Intel Corp. | 0.28% | 14,765 | $495K | Add +29.5% |
| MSCI MSCI Inc. | 0.27% | 867 | $492K | Add +5.9% |
| SSNC Ss&c Technologies Holdings | 0.27% | 5,541 | $492K | New |
| EOG EOG Resources Inc. | 0.26% | 4,081 | $458K | Add +0.2% |
| CCI Crown Castle Inc. | 0.26% | 4,735 | $457K | Reduce -0.5% |
| CB Chubb Ltd. | 0.25% | 1,600 | $452K | Reduce -0.5% |
| NFLX Netflix Inc. | 0.24% | 363 | $435K | Reduce -27.1% |
| CMCSA Comcast Corp. Class A | 0.24% | 13,780 | $433K | Add +2.0% |
| GEHC GE Healthcare Technology | 0.24% | 5,671 | $426K | Add +0.9% |
| IDXX Idexx Laboratories Inc. | 0.24% | 659 | $421K | Add +7.5% |
| EMR Emerson Electric Co. | 0.23% | 3,195 | $419K | Add +0.6% |
| HON Honeywell International Inc. | 0.23% | 1,964 | $413K | Add +0.8% |
| RH RH | 0.22% | 1,977 | $402K | Reduce -4.9% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.22% | 2,006 | $396K | Add +18.8% |
| KO The Coca-Cola Co. | 0.22% | 5,830 | $387K | Add +17.8% |
| T AT&T Inc. | 0.21% | 13,585 | $384K | Add +19.1% |
| ADBE Adobe Inc. | 0.21% | 1,085 | $383K | Reduce -28.2% |
| VZ Verizon Communications Inc. | 0.21% | 8,627 | $379K | Add +19.8% |
| ACN Accenture PLC Class A | 0.21% | 1,500 | $370K | Add +4.8% |
| SYY Sysco Corp. | 0.20% | 4,390 | $361K | Add +1.1% |
Portfolio Sells Q2 2025 → Q3 2025
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -86.5% | 0.13% | −0.88 |
| AXP American Express Co. | Reduce -26.6% | 2.23% | −0.82 |
| PGR Progressive Corp. | Reduce -1.2% | 3.34% | −0.48 |
| AWI Armstrong World Industries | Reduce -33.8% | 1.27% | −0.39 |
| BKNG Booking Holdings Inc. | Reduce -1.2% | 2.81% | −0.38 |
| ECPG Encore Capital Group Inc. | Sold out | 0.00% | −0.33 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.26 |
| CCOI Cogent Communications Holdin | Reduce -4.7% | 0.58% | −0.22 |
| KMX Carmax Inc. | Reduce -4.6% | 0.33% | −0.21 |
| AMT American Tower Corp. | Reduce -2.0% | 0.81% | −0.18 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -0.4% | 2.22% | −0.18 |
| SGI Somnigroup International Inc. | Reduce -20.3% | 2.79% | −0.16 |
| V Visa Inc. Class A | Reduce -16.6% | 0.52% | −0.16 |
| AMZN Amazon.com Inc. | Reduce -8.8% | 1.07% | −0.15 |
| MKL Markel Group Inc. | Reduce -3.5% | 1.15% | −0.15 |
| NFLX Netflix Inc. | Reduce -27.1% | 0.24% | −0.15 |
| ADBE Adobe Inc. | Reduce -28.2% | 0.21% | −0.13 |
| GBIL Goldman Sachs Access Treasur | Reduce -10.8% | 0.74% | −0.13 |
| PM Philip Morris International | Reduce -0.4% | 0.67% | −0.12 |
| FIS Fidelity National Info Serv | Reduce -0.3% | 0.37% | −0.11 |
| DIS The Walt Disney Co. | Reduce -4.0% | 0.59% | −0.11 |
| ABNB Airbnb Inc. Class A | Reduce -30.2% | 0.16% | −0.10 |
| TXN Texas Instruments Inc. | Reduce -0.4% | 0.54% | −0.10 |
| AON Aon PLC Class A | Reduce -2.8% | 1.31% | −0.10 |
| WDAY Workday Inc. Class A | Reduce -34.7% | 0.15% | −0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.8% | 4.67% | −0.08 |
| ABT Abbott Laboratories | Reduce -15.0% | 0.33% | −0.08 |
| LLY Eli Lilly & Co. | Reduce -2.9% | 0.78% | −0.08 |
| CDW CDW Corp. | Reduce -4.8% | 0.33% | −0.08 |
| ASTS Ast Spacemobile Inc. | Reduce -2.9% | 2.84% | −0.07 |
| APD Air Products & Chemicals Inc. | Reduce -1.2% | 0.71% | −0.07 |
| CSCO Cisco Systems Inc. | Reduce -2.3% | 0.66% | −0.06 |
| CTVA Corteva Inc. | Reduce -0.8% | 0.32% | −0.05 |
| ADI Analog Devices Inc. | Reduce -0.5% | 2.67% | −0.05 |
| SCHW Schwab (charles) Corp. | Reduce -1.3% | 3.86% | −0.04 |
| HSHP Himalaya Shipping Ltd. | Sold out | 0.00% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -3.8% | 0.48% | −0.04 |
| CCI Crown Castle Inc. | Reduce -0.5% | 0.26% | −0.03 |
| SB Safe Bulkers Inc. | Sold out | 0.00% | −0.03 |
| DEO Diageo PLC-Sponsored ADR | Reduce -0.5% | 0.20% | −0.02 |
| BAM Brookfield Asset Mgmt-A | Reduce -4.9% | 0.31% | −0.02 |
| CB Chubb Ltd. | Reduce -0.5% | 0.25% | −0.02 |
| SHEN Shenandoah Telecommunication | Reduce -4.8% | 0.14% | −0.02 |
| RH RH | Reduce -4.9% | 0.22% | −0.00 |
| ENB Enbridge Inc. | Reduce -5.3% | 0.48% | +0.00 |
| D Dominion Energy Inc. | Reduce -0.4% | 0.57% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -3.7% | 0.16% | +0.02 |
| AMAT Applied Materials Inc. | Reduce -3.9% | 0.98% | +0.03 |
| LOW Lowe's Cos Inc. | Reduce -0.4% | 0.54% | +0.04 |
| BN Brookfield Corp. | Reduce -3.3% | 1.53% | +0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| NVDA Nvidia Corp. | Add +19.6% | 2.44% | +0.64 |
| AVGO Broadcom Inc. | New | 0.56% | +0.56 |
| OKE Oneok Inc. | New | 0.38% | +0.38 |
| APP AppLovin Corp. Class A | New | 0.32% | +0.32 |
| GLW Corning Inc. | Add +3.5% | 0.84% | +0.30 |
| SSNC Ss&c Technologies Holdings | New | 0.27% | +0.27 |
| SNPS Synopsys Inc. | New | 0.18% | +0.18 |
| BSX Boston Scientific Corp. | New | 0.17% | +0.17 |
| AEM Agnico Eagle Mines Ltd. | Add +0.1% | 0.59% | +0.15 |
| JNJ Johnson & Johnson | Add +5.5% | 0.81% | +0.15 |
| INTU Intuit Inc. | New | 0.14% | +0.14 |
| NSC Norfolk Southern Corp. | Add +3.5% | 1.02% | +0.14 |
| UBER Uber Technologies Inc. | New | 0.14% | +0.14 |
| IEX Idex Corp. | New | 0.14% | +0.14 |
| INTC Intel Corp. | Add +29.5% | 0.28% | +0.13 |
| IWF iShares Russell 1000 Growth | New | 0.12% | +0.12 |
| MC Moelis & Co. Class A | Add +0.4% | 1.10% | +0.10 |
| MO Altria Group Inc. | Add +5.9% | 0.60% | +0.07 |
| GD General Dynamics Corp. | Add +14.8% | 0.28% | +0.06 |
| CVX Chevron Corp. | Add +4.9% | 0.71% | +0.06 |
| CINF Cincinnati Financial Corp. | Add +7.5% | 0.60% | +0.05 |
| IDXX Idexx Laboratories Inc. | Add +7.5% | 0.24% | +0.04 |
| MRK Merck & Co. Inc. | Add +22.8% | 0.19% | +0.04 |
| DUK Duke Energy Corp. | Add +21.0% | 0.20% | +0.03 |
| L Loews Corp. | Add +0.3% | 0.66% | +0.03 |
| HAS Hasbro Inc. | Add +24.0% | 0.18% | +0.03 |
| MTB M & T Bank Corp. | Add +18.8% | 0.22% | +0.03 |
| VZ Verizon Communications Inc. | Add +19.8% | 0.21% | +0.03 |
| BORR Borr Drilling Ltd. | Add +81.2% | 0.04% | +0.02 |
| HSY The Hershey Co. | Add +0.7% | 0.31% | +0.02 |
| MSFT Microsoft Corp. | Add +1.3% | 2.66% | +0.02 |
| APAM Artisan Partners Asset Ma -A | Add +23.6% | 0.17% | +0.02 |
| KMB Kimberly-Clark Corp. | Add +27.0% | 0.15% | +0.02 |
| T AT&T Inc. | Add +19.1% | 0.21% | +0.02 |
| MDT Medtronic PLC | Add +0.5% | 0.43% | +0.02 |
| LOOP Loop Industries Inc. | New | 0.02% | +0.02 |
| CSGP Costar Group Inc. | Add +10.4% | 0.16% | +0.02 |
| KO The Coca-Cola Co. | Add +17.8% | 0.22% | +0.01 |
| SYY Sysco Corp. | Add +1.1% | 0.20% | +0.01 |
| RMCF Rocky Mountain Choc Fact Inc. | Add +53.1% | 0.02% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +2.3% | 0.15% | +0.01 |
| TRV The Travelers Cos Inc. | Add +0.2% | 0.36% | +0.00 |
| MSCI MSCI Inc. | Add +5.9% | 0.27% | −0.00 |
| GEHC GE Healthcare Technology | Add +0.9% | 0.24% | −0.01 |
| CME Cme Group Inc. | Add +1.1% | 0.13% | −0.01 |
| RCT Redcloud Holdings PLC | Add +5.9% | 0.01% | −0.01 |
| EPD Enterprise Products Partners | Add +0.0% | 0.30% | −0.01 |
| EMR Emerson Electric Co. | Add +0.6% | 0.23% | −0.01 |
| PAYC Paycom Software Inc. | Add +7.1% | 0.15% | −0.01 |
| UGI Ugi Corp. | Add +0.7% | 0.11% | −0.02 |
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 |