Valley Forge Investment Consultants Inc. Adv

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

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), Valley Forge Investment Consultants Inc. Adv reported 85 stock positions worth $280.9 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 36.0% of the portfolio, followed by iShares Core MSCI Eafe ETF (IEFA, 13.6%) and Schwab US Large-Cap ETF (SCHX, 7.1%). Compared with Q4 2024, it opened 4 new positions, sold out of 5, added to 29 and reduced 29. The biggest buy was iShares Core MSCI Eafe ETF (IEFA, shares +4%) and the biggest sale Schwab US Large-Cap ETF (SCHX, shares −9%).

Most Recent 13F: Q2 2026
Location: AUDUBON, PA
CIK: 0000920655
Portfolio Value: $280.9M (Q1 2025)
SEC Filing: 0000920655-25-000003 ↗ filed May 8, 2025

Holdings Value

Holdings 85 stocks · $280.9M


IVV iShares Core S&P 500 ETF	35.97%	179,833	$101.0M	Add +1.7%
IEFA iShares Core MSCI Eafe ETF	13.57%	503,854	$38.1M	Add +4.4%
SCHX Schwab US Large-Cap ETF	7.11%	905,215	$20.0M	Reduce -9.1%
IJH iShares Core S&P Midcap ETF	6.47%	311,741	$18.2M	Add +0.7%
IJR iShares Core S&P Small-Cap E	6.23%	167,400	$17.5M	Add +1.3%
SCHB Schwab US Broad Market ETF	2.49%	324,576	$7.0M	Reduce -0.8%
SCHM Schwab US Mid Cap ETF	2.47%	264,957	$6.9M	Add +2.9%
SCHF Schwab Intl Equity ETF	2.02%	286,302	$5.7M	Add +0.6%
AGG iShares Core U.S. Aggregate	1.96%	55,708	$5.5M	Add +75.9%
SCHA Schwab US Small-Cap ETF	1.55%	185,940	$4.4M	Reduce -28.1%
IWF iShares Russell 1000 Growth	1.55%	12,057	$4.4M	Reduce -0.9%
BRK.A Berkshire Hathaway Inc. Class A	1.42%	5	$4.0M	No change
SCHD Schwab US DVD Equity ETF	1.37%	137,169	$3.8M	Reduce -14.9%
IUSV iShares Core S&P U.S. Value	0.81%	24,725	$2.3M	Add +0.4%
DFAC Dimensional US Core Equity 2	0.81%	68,560	$2.3M	No change
SCHV Schwab US Large-Cap Value	0.72%	76,323	$2.0M	Reduce -15.5%
VIG Vanguard Dividend Apprec ETF	0.66%	9,589	$1.9M	Reduce -6.3%
SCHG Schwab US Large-Cap Growth	0.66%	74,097	$1.9M	Add +33.6%
VTEB Vanguard Tax-Exempt Bond ETF	0.66%	37,179	$1.8M	Add +5.5%
AAPL Apple Inc.	0.65%	8,159	$1.8M	Reduce -16.3%
VTV Vanguard Mrngstr Val ETF-Aui	0.58%	9,461	$1.6M	Reduce -10.4%
VOO Vanguard S&P 500 ETF	0.53%	2,906	$1.5M	Add +0.4%
IUSG iShares Core S&P U.S. Growth	0.45%	9,861	$1.3M	Reduce -3.7%
EFAV iShares MSCI Eafe Min Vol Fa	0.38%	13,726	$1.1M	Add +1.9%
DFAX Dimensional World Ex US Core	0.37%	40,106	$1.1M	No change
SPRY Ars Pharmaceuticals Inc.	0.37%	83,225	$1.0M	No change
SCHZ Schwab US Aggregate Bond ETF	0.34%	41,464	$960K	Reduce -51.8%
VV Vngrd Mrgstr LRG-Cap ETF-Usd	0.33%	3,577	$919K	Add +0.4%
GOOGL Alphabet Inc. Class A	0.32%	5,897	$912K	Add +3.6%
SPY SS SPDR S&P 500 ETF Trust-US	0.31%	1,548	$866K	Add +0.1%
VB Vanguard Most SM-Cap ETF-Usd	0.30%	3,846	$853K	Reduce -3.8%
VYM Vanguard High DVD Yield ETF	0.28%	6,163	$795K	Reduce -3.5%
NVDA Nvidia Corp.	0.26%	6,822	$739K	Reduce -23.1%
PAYX Paychex Inc.	0.25%	4,560	$704K	No change
USMV iShares MSCI USA Min Vol Fac	0.25%	7,510	$703K	Add +0.3%
IJJ iShares S&P Mid-Cap 400 Valu	0.24%	5,524	$661K	Add +0.4%
HSY The Hershey Co.	0.23%	3,850	$658K	No change
GOOG Alphabet Inc. Class C	0.23%	4,184	$654K	Reduce -20.1%
VWO Vanguard Ftse Emerging Marke	0.23%	14,064	$637K	Add +40.3%
CB Chubb Ltd.	0.22%	2,033	$614K	No change
AMZN Amazon.com Inc.	0.21%	3,101	$590K	Reduce -20.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd	0.21%	2,278	$589K	Reduce -6.6%
IJS iShares S&P Small-Cap 600 Va	0.20%	5,724	$558K	No change
IEMG iShares Core MSCI Emerging	0.20%	10,261	$554K	Add +1.7%
MSFT Microsoft Corp.	0.19%	1,428	$536K	Reduce -21.9%
IWR iShares Russell Mid-Cap ETF	0.19%	6,191	$527K	No change
IAU iShares Gold Trust	0.17%	8,170	$482K	Add +83.7%
VUG Vanguard Mrngstar GR ETF-Sui	0.16%	1,241	$460K	Reduce -0.2%
QQQ Invesco QQQ Trust Series 1	0.16%	961	$451K	No change
SCHE Schwab Emrg Mrkts Eqty ETF	0.15%	15,734	$434K	Reduce -25.0%
BRK.B Berkshire Hathaway Inc. Class B	0.15%	811	$432K	Reduce -15.6%
VBK Van Morst SML-Cap Gro-Usd Inc.	0.15%	1,694	$427K	Add +0.1%
MDYG SS SPDR S&P 400 MC GR ETF	0.13%	4,751	$378K	No change
SLYG SS SPDR S&P 600 SC GR ETF	0.13%	4,233	$351K	Add +0.0%
IWN iShares Russell 2000 Value E	0.12%	2,239	$338K	Add +0.3%
VMC Vulcan Materials Co.	0.12%	1,429	$333K	Add +0.1%
IBDT iShares Ibonds Dec 2028 ETF	0.12%	12,801	$323K	Reduce -14.2%
IBDS Ishrs Ibnds Dec 27 Corp. ETF	0.11%	13,324	$322K	Reduce -14.2%
IBDR iShares Ibonds Dec 2026 Term	0.11%	13,248	$321K	Reduce -14.3%
IBDQ iShares Ibonds Dec 2025 Term	0.11%	12,680	$319K	Reduce -14.4%
GLTR Abrdn Precious Metals Basket	0.10%	2,270	$294K	No change
VT Vanguard Tot World STK ETF	0.10%	2,532	$294K	Add +0.0%
META Meta Platforms Inc. Class A	0.10%	493	$284K	Reduce -38.8%
IWM iShares Russell 2000 ETF	0.10%	1,405	$280K	No change
IWB iShares Russell 1000 ETF	0.10%	903	$277K	No change
LMT Lockheed Martin Corp.	0.10%	611	$273K	Add +0.3%
ISTB iShares Core 1-5 Year Usd Bo	0.09%	5,498	$266K	Add +3.4%
VOT Vngrd Mrngstr MC GRW ETF-Usd	0.08%	949	$232K	Add +0.2%
PM Philip Morris International	0.08%	1,330	$211K	Reduce -0.1%
VCIT Vanguard Int-Term Corporate	0.07%	2,453	$201K	New
VGIT Vanguard Intermediate-Term T	0.07%	3,375	$200K	New
COST Costco Wholesale Corp.	0.06%	188	$178K	New
JPM JPMorgan Chase & Co.	0.06%	661	$162K	No change
LLY Eli Lilly & Co.	0.04%	133	$110K	No change
WELLGISTICS HEALTH INC	0.04%	22,988	$99K	New
JNJ Johnson & Johnson	0.02%	308	$51K	No change
LWLG Lightwave Logic Inc.	0.01%	40,000	$41K	No change
DLTH Duluth Holdings Inc. Class B	0.01%	13,983	$24K	No change
GM General Motors Co.	0.01%	508	$24K	No change
C Citigroup Inc.	0.01%	270	$19K	Add +0.4%
CVX Chevron Corp.	0.01%	100	$17K	No change
FDX FedEx Corp.	0.00%	50	$12K	Reduce -13.8%
LBTYK Liberty Global Ltd. Class C	0.00%	643	$8K	No change
MGA Magna International Inc.	0.00%	155	$5K	No change
VOD Vodafone Group PLC-SP ADR	0.00%	67	$628	Reduce -78.3%

Portfolio Sells Q4 2024 → Q1 2025


SCHX Schwab US Large-Cap ETF	Reduce -9.1%	7.11%	−0.81
SCHA Schwab US Small-Cap ETF	Reduce -28.1%	1.55%	−0.75
SCHO Schwab Short-Term US Treas	Sold out	0.00%	−0.34
SCHZ Schwab US Aggregate Bond ETF	Reduce -51.8%	0.34%	−0.33
AAPL Apple Inc.	Reduce -16.3%	0.65%	−0.19
VEA Vanguard Ftse Developed ETF	Sold out	0.00%	−0.17
SCHD Schwab US DVD Equity ETF	Reduce -14.9%	1.37%	−0.15
NVDA Nvidia Corp.	Reduce -23.1%	0.26%	−0.15
IWF iShares Russell 1000 Growth	Reduce -0.9%	1.55%	−0.13
GOOG Alphabet Inc. Class C	Reduce -20.1%	0.23%	−0.11
SCHV Schwab US Large-Cap Value	Reduce -15.5%	0.72%	−0.09
TSLA Tesla Inc.	Sold out	0.00%	−0.08
AMZN Amazon.com Inc.	Reduce -20.0%	0.21%	−0.08
MSFT Microsoft Corp.	Reduce -21.9%	0.19%	−0.07
SCHB Schwab US Broad Market ETF	Reduce -0.8%	2.49%	−0.06
META Meta Platforms Inc. Class A	Reduce -38.8%	0.10%	−0.06
BX Blackstone Inc.	Sold out	0.00%	−0.06
IUSG iShares Core S&P U.S. Growth	Reduce -3.7%	0.45%	−0.04
SCHE Schwab Emrg Mrkts Eqty ETF	Reduce -25.0%	0.15%	−0.04
VTV Vanguard Mrngstr Val ETF-Aui	Reduce -10.4%	0.58%	−0.03
VIG Vanguard Dividend Apprec ETF	Reduce -6.3%	0.66%	−0.03
VB Vanguard Most SM-Cap ETF-Usd	Reduce -3.8%	0.30%	−0.03
IBDQ iShares Ibonds Dec 2025 Term	Reduce -14.4%	0.11%	−0.01
IBDR iShares Ibonds Dec 2026 Term	Reduce -14.3%	0.11%	−0.01
IBDS Ishrs Ibnds Dec 27 Corp. ETF	Reduce -14.2%	0.11%	−0.01
IBDT iShares Ibonds Dec 2028 ETF	Reduce -14.2%	0.12%	−0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd	Reduce -6.6%	0.21%	−0.01
VUG Vanguard Mrngstar GR ETF-Sui	Reduce -0.2%	0.16%	−0.01
FDX FedEx Corp.	Reduce -13.8%	0.00%	−0.00
VOD Vodafone Group PLC-SP ADR	Reduce -78.3%	0.00%	−0.00
LEN Lennar Corp. Class A	Sold out	0.00%	−0.00
VYM Vanguard High DVD Yield ETF	Reduce -3.5%	0.28%	+0.00
BRK.B Berkshire Hathaway Inc. Class B	Reduce -15.6%	0.15%	+0.00
PM Philip Morris International	Reduce -0.1%	0.08%	+0.02

Portfolio Buys Q4 2024 → Q1 2025


IEFA iShares Core MSCI Eafe ETF	Add +4.4%	13.57%	+1.92
AGG iShares Core U.S. Aggregate	Add +75.9%	1.96%	+0.91
IVV iShares Core S&P 500 ETF	Add +1.7%	35.97%	+0.23
SCHF Schwab Intl Equity ETF	Add +0.6%	2.02%	+0.21
SCHG Schwab US Large-Cap Growth	Add +33.6%	0.66%	+0.13
IAU iShares Gold Trust	Add +83.7%	0.17%	+0.10
VWO Vanguard Ftse Emerging Marke	Add +40.3%	0.23%	+0.07
VGIT Vanguard Intermediate-Term T	New	0.07%	+0.07
VCIT Vanguard Int-Term Corporate	New	0.07%	+0.07
COST Costco Wholesale Corp.	New	0.06%	+0.06
EFAV iShares MSCI Eafe Min Vol Fa	Add +1.9%	0.38%	+0.05
VTEB Vanguard Tax-Exempt Bond ETF	Add +5.5%	0.66%	+0.05
WELLGISTICS HEALTH INC	New	0.04%	+0.04
IUSV iShares Core S&P U.S. Value	Add +0.4%	0.81%	+0.03
USMV iShares MSCI USA Min Vol Fac	Add +0.3%	0.25%	+0.02
SCHM Schwab US Mid Cap ETF	Add +2.9%	2.47%	+0.02
IEMG iShares Core MSCI Emerging	Add +1.7%	0.20%	+0.02
ISTB iShares Core 1-5 Year Usd Bo	Add +3.4%	0.09%	+0.01
VT Vanguard Tot World STK ETF	Add +0.0%	0.10%	+0.00
C Citigroup Inc.	Add +0.4%	0.01%	+0.00
VOT Vngrd Mrngstr MC GRW ETF-Usd	Add +0.2%	0.08%	+0.00
IJJ iShares S&P Mid-Cap 400 Valu	Add +0.4%	0.24%	−0.00
VV Vngrd Mrgstr LRG-Cap ETF-Usd	Add +0.4%	0.33%	−0.00
SPY SS SPDR S&P 500 ETF Trust-US	Add +0.1%	0.31%	−0.00
VOO Vanguard S&P 500 ETF	Add +0.4%	0.53%	−0.00
LMT Lockheed Martin Corp.	Add +0.3%	0.10%	−0.00
IWN iShares Russell 2000 Value E	Add +0.3%	0.12%	−0.01
SLYG SS SPDR S&P 600 SC GR ETF	Add +0.0%	0.13%	−0.01
VMC Vulcan Materials Co.	Add +0.1%	0.12%	−0.01
VBK Van Morst SML-Cap Gro-Usd Inc.	Add +0.1%	0.15%	−0.01
GOOGL Alphabet Inc. Class A	Add +3.6%	0.32%	−0.05
IJH iShares Core S&P Midcap ETF	Add +0.7%	6.47%	−0.15
IJR iShares Core S&P Small-Cap E	Add +1.3%	6.23%	−0.31

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	86	$388.3M	IVV, IEFA, IJH, IJR, SCHX
Q1 2026	83	$333.6M	IVV, IEFA, IJH, SCHX, IJR
Q4 2025	80	$343.9M	IVV, IEFA, SCHX, IJH, IJR
Q3 2025	84	$342.0M	IVV, IEFA, SCHX, IJH, IJR
Q2 2025	94	$312.1M	IVV, IEFA, SCHX, IJH, IJR
Q1 2025	85	$280.9M	IVV, IEFA, SCHX, IJH, IJR
Q4 2024	86	$291.2M	IVV, IEFA, SCHX, IJH, IJR
Q3 2024	87	$286.7M	IVV, IEFA, SCHX, IJH, IJR
Q2 2024	83	$264.2M	IVV, IEFA, SCHX, IJH, IJR
Q1 2024	85	$256.4M	IVV, IEFA, SCHX, IJH, IJR