Trust Co of the South

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 1, 2025), Trust Co of the South reported 121 stock positions worth $478.6 million. Its top holding was Dimensional US Target Value (DFAT) at 19.1% of the portfolio, followed by Dimensional US Marketwide Va (DFUV, 15.5%) and Dimensional US Core Equity 2 (DFAC, 8.7%). Compared with Q4 2024, it opened 9 new positions, sold out of 8, added to 57 and reduced 21. The biggest buy was Dimensional International (DFIC, shares +100%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −66%).

Most Recent 13F
Q2 2026
Location
GREENSBORO, NC
CIK
0002008165
Portfolio Value
$478.6M (Q1 2025)
SEC Filing
0002008165-25-000003 ↗ filed Apr 1, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $432.8M Q1 2024 Q2 2024: $422.3M Q2 2024 Q3 2024: $472.3M Q3 2024 Q4 2024: $491.1M Q4 2024 Q1 2025: $478.6M $478.6M Q1 2025 Q2 2025: $563.3M Q2 2025 Q3 2025: $602.7M Q3 2025 Q4 2025: $621.8M Q4 2025 Q1 2026: $621.9M Q1 2026 Q2 2026: $710.2M Q2 2026

Holdings 121 stocks · $478.6M
DFAT Dimensional US Target Value 19.10% 1,775,076 $91.4M Reduce -1.8%
DFUV Dimensional US Marketwide Va 15.48% 1,798,400 $74.1M Reduce -1.2%
DFAC Dimensional US Core Equity 2 8.68% 1,259,342 $41.5M Add +4.6%
VOO Vanguard S&P 500 ETF 5.30% 49,365 $25.4M Reduce -5.0%
DFIC Dimensional International Co. 4.52% 778,838 $21.6M Add +99.8%
AAPL Apple Inc. 3.98% 85,662 $19.0M Reduce -4.5%
VO Vngrd Mrngstr MD-Cap ETF-Usd 3.96% 73,220 $18.9M Add +1.9%
VB Vanguard Most SM-Cap ETF-Usd 2.50% 54,030 $12.0M Add +6.6%
VEA Vanguard Ftse Developed ETF 2.32% 218,850 $11.1M Add +18.7%
VUG Vanguard Mrngstar GR ETF-Sui 2.21% 28,537 $10.6M Add +69.3%
DFAX Dimensional World Ex US Core 2.14% 390,756 $10.2M Add +0.1%
DFSV Dimensional US Small Cap Val 2.00% 339,990 $9.6M Add +115.5%
LOB Live Oak Bancshares Inc. 1.84% 330,600 $8.8M No change
MSFT Microsoft Corp. 1.48% 18,867 $7.1M Reduce -2.8%
VTV Vanguard Mrngstr Val ETF-Aui 1.38% 38,145 $6.6M Add +28.6%
BRK.B Berkshire Hathaway Inc. Class B 1.29% 11,618 $6.2M Add +2.1%
DFEM Dimensional Emrg MRKT Core 1.27% 230,401 $6.1M Add +87.7%
SPY SS SPDR S&P 500 ETF Trust-US 1.25% 10,732 $6.0M Reduce -65.8%
VWO Vanguard Ftse Emerging Marke 0.98% 104,148 $4.7M Reduce -4.3%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.90% 17,082 $4.3M Add +102.4%
IVV iShares Core S&P 500 ETF 0.79% 6,727 $3.8M Add +1.7%
NCNO Ncino Inc. 0.76% 131,722 $3.6M No change
RY Royal Bank of Canada 0.59% 25,043 $2.8M No change
AMZN Amazon.com Inc. 0.59% 14,768 $2.8M Add +0.2%
V Visa Inc. Class A 0.50% 6,890 $2.4M Reduce -6.0%
MRK Merck & Co. Inc. 0.49% 25,907 $2.3M Add +0.1%
IWF iShares Russell 1000 Growth 0.42% 5,564 $2.0M No change
DFGR Dim Global Real Estate ETF 0.41% 75,176 $2.0M Add +56.3%
WMT Walmart Inc. 0.40% 22,035 $1.9M Reduce -11.8%
FCNCA First Citizens Bcshs Class A 0.37% 947 $1.8M No change
XOM Exxon Mobil Corp. 0.36% 14,357 $1.7M Add +0.5%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.34% 8,839 $1.6M No change
JNJ Johnson & Johnson 0.34% 9,872 $1.6M Add +2.1%
JPM JPMorgan Chase & Co. 0.32% 6,293 $1.5M Add +10.2%
LOW Lowe's Cos Inc. 0.30% 6,160 $1.4M Add +1.9%
HD Home Depot Inc. 0.29% 3,749 $1.4M Add +1.0%
GOOG Alphabet Inc. Class C 0.29% 8,752 $1.4M Reduce -17.1%
SCZ iShares MSCI Eafe Small-Cap 0.28% 21,035 $1.3M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.27% 5,243 $1.3M Add +4.8%
TSM Taiwan Semiconductor-SP ADR 0.27% 7,801 $1.3M Reduce -12.0%
PG The Procter & Gamble Co. 0.27% 7,576 $1.3M Add +4.4%
UNH Unitedhealth Group Inc. 0.26% 2,413 $1.3M Add +1.3%
ACN Accenture PLC Class A 0.26% 4,039 $1.3M Add +11.8%
DUK Duke Energy Corp. 0.26% 10,190 $1.2M Add +1.4%
ABT Abbott Laboratories 0.25% 8,988 $1.2M Add +3.5%
ABBV Abbvie Inc. 0.25% 5,676 $1.2M Add +2.6%
GE General Electric filed as GE AEROSPACE 0.25% 5,936 $1.2M Add +0.5%
FNB FNB Corp. 0.24% 85,518 $1.2M No change
IWD iShares Russell 1000 Value E 0.24% 6,078 $1.1M No change
TFC Truist Financial Corp. 0.23% 26,728 $1.1M Reduce -0.1%
META Meta Platforms Inc. Class A 0.22% 1,836 $1.1M Reduce -0.3%
ADP Automatic Data Processing 0.20% 3,075 $940K Add +1.5%
PEP Pepsico Inc. 0.17% 5,523 $828K Add +0.3%
PRF Invesco Rafi US 1000 ETF 0.17% 20,122 $813K New
MCD McDonald's Corp. 0.17% 2,600 $812K Add +3.3%
USMV iShares MSCI USA Min Vol Fac 0.17% 8,533 $799K New
SON Sonoco Products Co. 0.16% 16,029 $757K Reduce -1.4%
LLY Eli Lilly & Co. 0.15% 895 $739K Add +44.4%
PFE Pfizer Inc. 0.15% 28,945 $733K No change
NVDA Nvidia Corp. 0.15% 6,760 $733K Add +1.5%
PAYX Paychex Inc. 0.15% 4,652 $718K Add +1.1%
GOOGL Alphabet Inc. Class A 0.15% 4,519 $699K Reduce -10.4%
ADI Analog Devices Inc. 0.14% 3,439 $694K Add +2.1%
EFA iShares MSCI Eafe ETF 0.14% 8,355 $683K No change
AVGO Broadcom Inc. 0.14% 4,016 $672K Add +3.5%
MTUM iShares MSCI USA Momentum Fa 0.12% 2,907 $588K New
EEMS iShares MSCI Emerging MKT SM 0.12% 10,395 $578K No change
COST Costco Wholesale Corp. 0.12% 601 $568K Add +14.3%
IVW iShares S&P 500 Growth ETF 0.12% 6,023 $559K No change
BDX Becton Dickinson and Co. 0.11% 2,209 $506K Add +0.3%
IWR iShares Russell Mid-Cap ETF 0.10% 5,880 $500K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.10% 11,973 $500K Add +1.4%
VSS Vanguard Ftse All Wo X-US SC 0.10% 4,270 $494K No change
CNI Canadian Natl Railway Co. 0.10% 4,870 $475K No change
MA Mastercard Inc. Class A 0.09% 821 $450K Add +14.0%
CSCO Cisco Systems Inc. 0.09% 7,236 $447K Add +2.0%
QQQ Invesco QQQ Trust Series 1 0.09% 909 $426K Add +30.2%
TGTX TG Therapeutics Inc. 0.09% 10,600 $418K No change
WM Waste Management Inc. 0.08% 1,740 $403K Add +0.5%
SO The Southern Co. 0.08% 4,353 $400K Add +1.0%
SPYM Ste STR SPDR PT S&P 500 ETF 0.08% 6,079 $400K No change
KO The Coca-Cola Co. 0.08% 5,527 $396K Add +1.3%
AGG iShares Core U.S. Aggregate 0.08% 3,958 $392K No change
PH Parker Hannifin Corp. 0.08% 644 $391K Add +1.4%
APD Air Products & Chemicals Inc. 0.08% 1,297 $383K No change
KMB Kimberly-Clark Corp. 0.08% 2,675 $380K No change
CVX Chevron Corp. 0.08% 2,266 $379K Add +25.8%
STT State Street Corp. 0.08% 4,117 $369K No change
TGT Target Corp. 0.08% 3,524 $368K No change
ITW Illinois Tool Works 0.08% 1,478 $367K Add +2.9%
AXP American Express Co. 0.08% 1,336 $359K Add +2.3%
SYY Sysco Corp. 0.07% 4,707 $353K No change
CMG Chipotle Mexican Grill Inc. 0.07% 6,650 $334K Reduce -0.8%
CMS CMS Energy Corp. 0.07% 4,423 $332K Add +0.4%
ITIC Investors Title Co. 0.07% 1,362 $328K No change
IEMG iShares Core MSCI Emerging 0.07% 6,078 $328K No change
SCHW Schwab (charles) Corp. 0.07% 4,088 $320K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.06% 3,035 $300K Add +1.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.06% 2,457 $299K Add +1.2%
GD General Dynamics Corp. 0.06% 1,095 $298K Add +0.1%
ORCL Oracle Corp. 0.06% 2,114 $296K Reduce -22.7%
MMM 3M Co. 0.06% 1,917 $282K No change
CME Cme Group Inc. 0.06% 1,053 $279K Add +1.8%
MFC Manulife Financial Corp. 0.06% 8,863 $276K No change
IEFA iShares Core MSCI Eafe ETF 0.06% 3,617 $274K No change
VMC Vulcan Materials Co. 0.06% 1,146 $267K Reduce -0.4%
HLT Hilton Worldwide Holdings Inc. 0.06% 1,164 $265K Reduce -0.1%
AMGN Amgen Inc. 0.05% 833 $260K New
GIS General Mills Inc. 0.05% 4,239 $253K Add +1.0%
LHX L3HARRIS Technologies Inc. 0.05% 1,210 $253K No change
SCHG Schwab US Large-Cap Growth 0.05% 9,920 $248K No change
PM Philip Morris International 0.05% 1,556 $247K New
NEE Nextera Energy Inc. 0.05% 3,456 $245K Add +0.6%
DHR Danaher Corp. 0.05% 1,127 $231K No change
RTX RTX Corp. 0.05% 1,702 $225K New
NOC Northrop Grumman Corp. 0.04% 407 $208K New
EFX Equifax Inc. 0.04% 854 $208K Reduce -0.6%
AFL Aflac Inc. 0.04% 1,847 $205K New
VZ Verizon Communications Inc. 0.04% 4,526 $205K New
IJH iShares Core S&P Midcap ETF 0.04% 3,492 $204K Reduce -95.8%
IJR iShares Core S&P Small-Cap E 0.04% 1,939 $203K No change

Portfolio Sells Q4 2024 → Q1 2025
SPY SS SPDR S&P 500 ETF Trust-US Reduce -65.8% 1.25% −2.49
DFAT Dimensional US Target Value Reduce -1.8% 19.10% −1.39
IJH iShares Core S&P Midcap ETF Reduce -95.8% 0.04% −1.00
IWM iShares Russell 2000 ETF Sold out 0.00% −0.74
AAPL Apple Inc. Reduce -4.5% 3.98% −0.60
VOO Vanguard S&P 500 ETF Reduce -5.0% 5.30% −0.40
MSFT Microsoft Corp. Reduce -2.8% 1.48% −0.19
IVE iShares S&P 500 Value ETF Sold out 0.00% −0.16
GOOG Alphabet Inc. Class C Reduce -17.1% 0.29% −0.12
TSM Taiwan Semiconductor-SP ADR Reduce -12.0% 0.27% −0.09
BMI Badger Meter Inc. Sold out 0.00% −0.08
ADSK Autodesk Inc. Sold out 0.00% −0.07
WMT Walmart Inc. Reduce -11.8% 0.40% −0.06
GOOGL Alphabet Inc. Class A Reduce -10.4% 0.15% −0.05
ADBE Adobe Inc. Sold out 0.00% −0.05
IWO iShares Russell 2000 Growth Sold out 0.00% −0.05
IJS iShares S&P Small-Cap 600 Va Sold out 0.00% −0.04
ORCL Oracle Corp. Reduce -22.7% 0.06% −0.03
ANGI Angi Inc. Sold out 0.00% −0.02
CMG Chipotle Mexican Grill Inc. Reduce -0.8% 0.07% −0.01
TFC Truist Financial Corp. Reduce -0.1% 0.23% −0.01
VMC Vulcan Materials Co. Reduce -0.4% 0.06% −0.00
SON Sonoco Products Co. Reduce -1.4% 0.16% −0.00
HLT Hilton Worldwide Holdings Inc. Reduce -0.1% 0.06% −0.00
EFX Equifax Inc. Reduce -0.6% 0.04% −0.00
META Meta Platforms Inc. Class A Reduce -0.3% 0.22% +0.00
VWO Vanguard Ftse Emerging Marke Reduce -4.3% 0.98% +0.01
V Visa Inc. Class A Reduce -6.0% 0.50% +0.03
DFUV Dimensional US Marketwide Va Reduce -1.2% 15.48% +0.32

Portfolio Buys Q4 2024 → Q1 2025
DFIC Dimensional International Co. Add +99.8% 4.52% +2.47
DFSV Dimensional US Small Cap Val Add +115.5% 2.00% +1.01
VUG Vanguard Mrngstar GR ETF-Sui Add +69.3% 2.21% +0.80
DFEM Dimensional Emrg MRKT Core Add +87.7% 1.27% +0.62
VEA Vanguard Ftse Developed ETF Add +18.7% 2.32% +0.53
VBK Van Morst SML-Cap Gro-Usd Inc. Add +102.4% 0.90% +0.42
VTV Vanguard Mrngstr Val ETF-Aui Add +28.6% 1.38% +0.35
BRK.B Berkshire Hathaway Inc. Class B Add +2.1% 1.29% +0.24
DFAC Dimensional US Core Equity 2 Add +4.6% 8.68% +0.20
PRF Invesco Rafi US 1000 ETF New 0.17% +0.17
USMV iShares MSCI USA Min Vol Fac New 0.17% +0.17
DFAX Dimensional World Ex US Core Add +0.1% 2.14% +0.16
DFGR Dim Global Real Estate ETF Add +56.3% 0.41% +0.16
MTUM iShares MSCI USA Momentum Fa New 0.12% +0.12
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +1.9% 3.96% +0.09
JNJ Johnson & Johnson Add +2.1% 0.34% +0.06
LLY Eli Lilly & Co. Add +44.4% 0.15% +0.06
AMGN Amgen Inc. New 0.05% +0.05
PM Philip Morris International New 0.05% +0.05
ABT Abbott Laboratories Add +3.5% 0.25% +0.05
IBM Intl Business Machines Corp. Add +4.8% 0.27% +0.05
ABBV Abbvie Inc. Add +2.6% 0.25% +0.05
GE General Electric Add +0.5% 0.25% +0.05
RTX RTX Corp. New 0.05% +0.05
XOM Exxon Mobil Corp. Add +0.5% 0.36% +0.04
JPM JPMorgan Chase & Co. Add +10.2% 0.32% +0.04
NOC Northrop Grumman Corp. New 0.04% +0.04
AFL Aflac Inc. New 0.04% +0.04
VZ Verizon Communications Inc. New 0.04% +0.04
DUK Duke Energy Corp. Add +1.4% 0.26% +0.04
CVX Chevron Corp. Add +25.8% 0.08% +0.03
VB Vanguard Most SM-Cap ETF-Usd Add +6.6% 2.50% +0.02
PG The Procter & Gamble Co. Add +4.4% 0.27% +0.02
MCD McDonald's Corp. Add +3.3% 0.17% +0.02
COST Costco Wholesale Corp. Add +14.3% 0.12% +0.02
UNH Unitedhealth Group Inc. Add +1.3% 0.26% +0.02
PAYX Paychex Inc. Add +1.1% 0.15% +0.02
MA Mastercard Inc. Class A Add +14.0% 0.09% +0.02
QQQ Invesco QQQ Trust Series 1 Add +30.2% 0.09% +0.02
ADP Automatic Data Processing Add +1.5% 0.20% +0.02
KO The Coca-Cola Co. Add +1.3% 0.08% +0.01
WM Waste Management Inc. Add +0.5% 0.08% +0.01
SO The Southern Co. Add +1.0% 0.08% +0.01
CMS CMS Energy Corp. Add +0.4% 0.07% +0.01
CME Cme Group Inc. Add +1.8% 0.06% +0.01
CSCO Cisco Systems Inc. Add +2.0% 0.09% +0.01
ACN Accenture PLC Class A Add +11.8% 0.26% +0.00
BDX Becton Dickinson and Co. Add +0.3% 0.11% +0.00
GD General Dynamics Corp. Add +0.1% 0.06% +0.00
TJX TJX Companies Inc. Add +1.2% 0.06% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 146$710.2MDFAT, DFUV, DFAC, VOO, DFIC
Q1 2026 142$621.9MDFAT, DFUV, DFAC, VOO, DFIC
Q4 2025 136$621.8MDFAT, DFUV, DFAC, VOO, DFIC
Q3 2025 133$602.7MDFAT, DFUV, DFAC, VOO, DFIC
Q2 2025 128$563.3MDFAT, DFUV, DFAC, VOO, DFIC
Q1 2025 121$478.6MDFAT, DFUV, DFAC, VOO, DFIC
Q4 2024 120$491.1MDFAT, DFUV, DFAC, VOO, AAPL
Q3 2024 128$472.3MDFAT, DFUV, DFAC, VOO, SPY
Q2 2024 114$422.3MDFAT, DFUV, DFAC, VOO, SPY
Q1 2024 116$432.8MDFAT, DFUV, DFAC, VOO, SPY