Salvus Wealth Management, LLC

Name: Salvus Wealth Management, LLC 13F holdings, Q3 2025
Creator: Salvus Wealth Management, LLC
Published: 2025-10-14

Q2 2026Q1 2026Q4 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

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%
DEO Diageo PLC-Sponsored ADR	0.20%	3,711	$354K	Reduce -0.5%
DUK Duke Energy Corp.	0.20%	2,826	$350K	Add +21.0%
MRK Merck & Co. Inc.	0.19%	4,016	$337K	Add +22.8%
GOOGL Alphabet Inc. Class A	0.18%	1,361	$331K	Reduce -3.3%
SNPS Synopsys Inc.	0.18%	654	$323K	New
ET Energy Transfer LP	0.18%	18,648	$320K	Add +0.0%
HAS Hasbro Inc.	0.18%	4,134	$314K	Add +24.0%
BSX Boston Scientific Corp.	0.17%	3,053	$298K	New
APAM Artisan Partners Asset Ma -A	0.17%	6,867	$298K	Add +23.6%
QQQ Invesco QQQ Trust Series 1	0.16%	491	$294K	No change
ABNB Airbnb Inc. Class A	0.16%	2,419	$294K	Reduce -30.2%
LHX L3HARRIS Technologies Inc.	0.16%	926	$283K	No change
TSM Taiwan Semiconductor-SP ADR	0.16%	1,006	$281K	Reduce -3.7%
CSGP Costar Group Inc.	0.16%	3,319	$280K	Add +10.4%
PAYC Paycom Software Inc.	0.15%	1,320	$275K	Add +7.1%
KMB Kimberly-Clark Corp.	0.15%	2,175	$270K	Add +27.0%
SPY SS SPDR S&P 500 ETF Trust-US	0.15%	397	$264K	Add +2.3%
WDAY Workday Inc. Class A	0.15%	1,081	$260K	Reduce -34.7%
INTU Intuit Inc.	0.14%	378	$258K	New
SHEN Shenandoah Telecommunication	0.14%	18,629	$250K	Reduce -4.8%
UBER Uber Technologies Inc.	0.14%	2,521	$247K	New
IEX Idex Corp.	0.14%	1,485	$242K	New
CME Cme Group Inc.	0.13%	888	$240K	Add +1.1%
BIL SS SPDR BB 1-3M T-Bill ETF	0.13%	2,543	$233K	Reduce -86.5%
HDV iShares Core High Dividend E	0.12%	1,795	$220K	No change
IWF iShares Russell 1000 Growth	0.12%	463	$217K	New
UGI Ugi Corp.	0.11%	6,060	$202K	Add +0.7%
BORR Borr Drilling Ltd.	0.04%	27,220	$73K	Add +81.2%
VIR Vir Biotechnology Inc.	0.04%	11,691	$67K	No change
FLNT Fluent Inc.	0.02%	19,003	$42K	No change
RMCF Rocky Mountain Choc Fact Inc.	0.02%	23,567	$37K	Add +53.1%
LOOP Loop Industries Inc.	0.02%	19,280	$29K	New
RCT Redcloud Holdings PLC	0.01%	13,010	$24K	Add +5.9%

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