Zhang Financial LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 15, 2024), Zhang Financial LLC reported 275 stock positions worth $1.6 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 8.5% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 8.4%) and Dimensional US Eq MKT ETF (DFUS, 8.2%). Compared with Q2 2024, it opened 13 new positions, sold out of 5, added to 121 and reduced 89. The biggest buy was Dimensional US Eq MKT ETF (DFUS, shares +12%) and the biggest sale VG Morningstar TS MKT ETF-US (VTI, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- PORTAGE, MI
- CIK
- 0001776290
- Portfolio Value
- $1.6B (Q3 2024)
- SEC Filing
- 0001776290-24-000003 ↗ filed Oct 15, 2024
Holdings Value
Holdings 275 stocks · $1.6B
| VTI VG Morningstar TS MKT ETF-US | 8.48% | 474,260 | $134.3M | Reduce -1.4% |
| VOO Vanguard S&P 500 ETF | 8.42% | 252,699 | $133.3M | Add +5.2% |
| DFUS Dimensional US Eq MKT ETF | 8.22% | 2,094,026 | $130.2M | Add +11.6% |
| DFAC Dimensional US Core Equity 2 | 5.38% | 2,484,739 | $85.2M | Add +12.1% |
| ITOT iShares Core S&P Total U.S. | 5.30% | 667,769 | $83.9M | Reduce -2.9% |
| VXUS Vanguard Total Intl Stock | 4.82% | 1,180,159 | $76.4M | Add +7.6% |
| VT Vanguard Tot World STK ETF | 4.11% | 544,025 | $65.1M | Add +2.9% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 3.08% | 242,944 | $48.8M | Reduce -0.0% |
| DFAI Dimensional International Co. | 2.98% | 1,486,018 | $47.2M | Add +1.6% |
| AAPL Apple Inc. | 2.94% | 199,665 | $46.5M | Add +0.9% |
| VYM Vanguard High DVD Yield ETF | 2.22% | 274,419 | $35.2M | Add +7.8% |
| BND Vanguard Total Bond Market | 2.01% | 423,767 | $31.8M | Add +34.8% |
| SYK Stryker Corp. | 1.69% | 74,105 | $26.8M | Add +1.6% |
| MSFT Microsoft Corp. | 1.60% | 58,762 | $25.3M | Add +1.9% |
| IAU iShares Gold Trust | 1.51% | 480,574 | $23.9M | Reduce -2.5% |
| BKLC BNY Mellon US LRG Cap Cor | 1.36% | 197,270 | $21.6M | Reduce -0.7% |
| VOOV Vanguard S&P 500 Value ETF | 1.24% | 103,022 | $19.6M | Add +35.7% |
| DFSV Dimensional US Small Cap Val | 1.15% | 588,945 | $18.1M | Add +9.4% |
| IWN iShares Russell 2000 Value E | 1.11% | 105,047 | $17.5M | Reduce -1.7% |
| DFAU Dimensional US Core Equity M | 1.03% | 412,573 | $16.4M | Add +0.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.97% | 58,103 | $15.3M | Add +2.0% |
| AVUS Avantis U.S. Equity ETF | 0.86% | 143,961 | $13.7M | Reduce -3.3% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.79% | 178,011 | $12.5M | Add +17.7% |
| IVV iShares Core S&P 500 ETF | 0.77% | 21,166 | $12.2M | Reduce -5.7% |
| AVDE Avantis International Equity | 0.72% | 171,005 | $11.5M | Add +0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.69% | 23,699 | $10.9M | Reduce -2.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.64% | 57,785 | $10.1M | Add +0.3% |
| SCHB Schwab US Broad Market ETF | 0.63% | 149,411 | $9.9M | Reduce -2.3% |
| IBIT iShares Bitcoin Trust ETF | 0.63% | 274,243 | $9.9M | Add +8.1% |
| VWO Vanguard Ftse Emerging Marke | 0.60% | 198,988 | $9.5M | Reduce -5.2% |
| AMZN Amazon.com Inc. | 0.60% | 51,091 | $9.5M | Add +12.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.60% | 16,562 | $9.5M | Add +0.8% |
| NVDA Nvidia Corp. | 0.56% | 73,453 | $8.9M | Reduce -3.9% |
| SCHF Schwab Intl Equity ETF | 0.54% | 207,680 | $8.5M | Add +0.2% |
| VEA Vanguard Ftse Developed ETF | 0.51% | 151,744 | $8.0M | Add +12.4% |
| GOOGL Alphabet Inc. Class A | 0.50% | 47,784 | $7.9M | Add +8.4% |
| META Meta Platforms Inc. Class A | 0.40% | 11,098 | $6.4M | Add +3.6% |
| DFAS Dimensional US Small Cap ETF | 0.39% | 96,165 | $6.2M | Reduce -3.2% |
| SUB iShares Short-Term National | 0.37% | 55,477 | $5.9M | Reduce -0.8% |
| VNQ Vanguard Real Estate ETF | 0.34% | 55,713 | $5.4M | Reduce -5.8% |
| GLDM SPDR Gold Minishares Trust | 0.34% | 103,032 | $5.4M | Reduce -3.8% |
| SPAB SS SPDR P Agg Bond ETF | 0.33% | 202,117 | $5.3M | Add +16.7% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.32% | 93,267 | $5.1M | Add +41.4% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 0.32% | 24,635 | $5.1M | Reduce -0.4% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.31% | 81,204 | $5.0M | Add +11.6% |
| AMGN Amgen Inc. | 0.31% | 15,250 | $4.9M | Add +2.0% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.29% | 14,237 | $4.6M | Add +10.7% |
| MUB iShares National Muni Bond E | 0.28% | 40,796 | $4.4M | Add +8.1% |
| EFV iShares MSCI Eafe Value ETF | 0.27% | 75,178 | $4.3M | Reduce -5.9% |
| PG The Procter & Gamble Co. | 0.26% | 24,083 | $4.2M | Reduce -1.8% |
| IXUS iShares Core Intl Stock ETF | 0.26% | 57,225 | $4.2M | Add +7.8% |
| HFFG HF Foods Group Inc. | 0.25% | 1,110,712 | $4.0M | No change |
| VONE Vanguard Russell 1000 | 0.25% | 15,037 | $3.9M | Reduce -2.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.24% | 10,106 | $3.9M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.24% | 17,391 | $3.8M | Add +0.4% |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 0.24% | 29,682 | $3.8M | Add +0.1% |
| ZTS Zoetis Inc. | 0.24% | 19,376 | $3.8M | Reduce -1.5% |
| AIT Applied Industrial Tech Inc. | 0.24% | 16,793 | $3.7M | Reduce -30.9% |
| AVGO Broadcom Inc. | 0.23% | 21,155 | $3.6M | Reduce -5.3% |
| IWV iShares Russell 3000 ETF | 0.22% | 10,865 | $3.5M | Add +0.0% |
| VONG Vanguard Russell 1000 Growth | 0.22% | 36,766 | $3.5M | Add +0.1% |
| CAT Caterpillar Inc. | 0.21% | 8,422 | $3.3M | Add +2.8% |
| PEP Pepsico Inc. | 0.20% | 18,908 | $3.2M | Reduce -0.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.20% | 40,403 | $3.2M | Add +52.1% |
| SCHM Schwab US Mid Cap ETF | 0.19% | 36,119 | $3.0M | Add +18.9% |
| SPTS SS SPDR P St Term TSY ETF | 0.18% | 98,732 | $2.9M | Reduce -6.5% |
| VGT Vanguard Info Tech ETF | 0.18% | 4,917 | $2.9M | Reduce -0.3% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.18% | 39,249 | $2.9M | Add +15.8% |
| DFUV Dimensional US Marketwide Va | 0.17% | 65,616 | $2.7M | Reduce -14.9% |
| VONV Vanguard Russell 1000 Value | 0.17% | 32,504 | $2.7M | Add +0.3% |
| KLAC KLA Corp. | 0.17% | 3,496 | $2.7M | Add +3.8% |
| VIG Vanguard Dividend Apprec ETF | 0.17% | 13,643 | $2.7M | Reduce -2.4% |
| BKIE BNY Mellon Intl Eqty ETF | 0.17% | 33,514 | $2.7M | Reduce -2.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.17% | 5,404 | $2.6M | Add +6.7% |
| DVY iShares Select Dividend ETF | 0.16% | 19,222 | $2.6M | Add +0.0% |
| HON Honeywell International Inc. | 0.16% | 12,508 | $2.6M | Add +4.2% |
| ABBV Abbvie Inc. | 0.16% | 13,004 | $2.6M | Add +3.2% |
| TIP iShares Tips Bond ETF | 0.16% | 22,396 | $2.5M | Reduce -8.2% |
| AXP American Express Co. | 0.15% | 8,722 | $2.4M | Add +4.5% |
| AGG iShares Core U.S. Aggregate | 0.15% | 23,337 | $2.4M | Add +24.6% |
| CSCO Cisco Systems Inc. | 0.15% | 44,116 | $2.3M | Add +7.4% |
| MU Micron Technology Inc. | 0.15% | 22,539 | $2.3M | No change |
| GOOG Alphabet Inc. Class C | 0.14% | 13,583 | $2.3M | Add +1.0% |
| JPM JPMorgan Chase & Co. | 0.14% | 10,747 | $2.3M | Reduce -5.7% |
| APO Apollo Global Management Inc. | 0.14% | 18,013 | $2.3M | Reduce -1.4% |
| SCHX Schwab US Large-Cap ETF | 0.14% | 32,414 | $2.2M | Reduce -6.3% |
| MCK McKesson Corp. | 0.13% | 4,223 | $2.1M | No change |
| MRK Merck & Co. Inc. | 0.13% | 18,369 | $2.1M | Reduce -1.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.13% | 3 | $2.1M | No change |
| GS Goldman Sachs Group Inc. | 0.13% | 4,174 | $2.1M | Add +5.1% |
| LOW Lowe's Cos Inc. | 0.13% | 7,568 | $2.0M | Add +0.3% |
| ITB iShares U.S. Home Constructi | 0.12% | 15,450 | $2.0M | No change |
| HD Home Depot Inc. | 0.12% | 4,725 | $1.9M | Add +9.3% |
| CRM Salesforce Inc. | 0.12% | 6,867 | $1.9M | Add +80.6% |
| VRTX Vertex Pharmaceuticals Inc. | 0.12% | 4,035 | $1.9M | Add +3.3% |
| IJR iShares Core S&P Small-Cap E | 0.12% | 15,629 | $1.8M | Add +0.0% |
| KAI Kadant Inc. | 0.11% | 5,216 | $1.8M | Reduce -5.4% |
| JNJ Johnson & Johnson | 0.11% | 10,640 | $1.7M | Add +1.5% |
| VXF Vanguard Extended Market ETF | 0.11% | 9,417 | $1.7M | Reduce -12.0% |
| F Ford Motor Co. filed as FORD MTR CO | 0.11% | 160,448 | $1.7M | Add +1.3% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $213K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 8,157 | $213K | New |
Total filed on the 13F, all lines: $1.6B.
Portfolio Sells Q2 2024 → Q3 2024
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.4% | 8.48% | −0.52 |
| ITOT iShares Core S&P Total U.S. | Reduce -2.9% | 5.30% | −0.42 |
| NVDA Nvidia Corp. | Reduce -3.9% | 0.56% | −0.10 |
| AIT Applied Industrial Tech Inc. | Reduce -30.9% | 0.24% | −0.09 |
| IVV iShares Core S&P 500 ETF | Reduce -5.7% | 0.77% | −0.09 |
| BKLC BNY Mellon US LRG Cap Cor | Reduce -0.7% | 1.36% | −0.08 |
| AVUS Avantis U.S. Equity ETF | Reduce -3.3% | 0.86% | −0.07 |
| SCHB Schwab US Broad Market ETF | Reduce -2.3% | 0.63% | −0.04 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.04 |
| GILD Gilead Sciences Inc. | Reduce -78.8% | 0.01% | −0.04 |
| VWO Vanguard Ftse Emerging Marke | Reduce -5.2% | 0.60% | −0.04 |
| DFUV Dimensional US Marketwide Va | Reduce -14.9% | 0.17% | −0.04 |
| SUB iShares Short-Term National | Reduce -0.8% | 0.37% | −0.04 |
| ABNB Airbnb Inc. Class A | Sold out | 0.00% | −0.03 |
| IWN iShares Russell 2000 Value E | Reduce -1.7% | 1.11% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -1.8% | 0.13% | −0.03 |
| SPTS SS SPDR P St Term TSY ETF | Reduce -6.5% | 0.18% | −0.03 |
| TIP iShares Tips Bond ETF | Reduce -8.2% | 0.16% | −0.03 |
| DFAS Dimensional US Small Cap ETF | Reduce -3.2% | 0.39% | −0.02 |
| EFV iShares MSCI Eafe Value ETF | Reduce -5.9% | 0.27% | −0.02 |
| ENLC Enlink Midstream LLC | Sold out | 0.00% | −0.02 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -0.0% | 3.08% | −0.02 |
| BKNG Booking Holdings Inc. | Reduce -13.2% | 0.11% | −0.02 |
| AVGO Broadcom Inc. | Reduce -5.3% | 0.23% | −0.02 |
| DG Dollar General Corp. | Reduce -1.1% | 0.03% | −0.02 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | Reduce -0.4% | 0.32% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -1.8% | 0.26% | −0.02 |
| VONE Vanguard Russell 1000 | Reduce -2.8% | 0.25% | −0.02 |
| VXF Vanguard Extended Market ETF | Reduce -12.0% | 0.11% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -5.7% | 0.14% | −0.02 |
| BKAG BNY Mellon Core Bond ETF | Reduce -11.4% | 0.09% | −0.02 |
| VGT Vanguard Info Tech ETF | Reduce -0.3% | 0.18% | −0.02 |
| SCHX Schwab US Large-Cap ETF | Reduce -6.3% | 0.14% | −0.02 |
| PEP Pepsico Inc. | Reduce -0.1% | 0.20% | −0.02 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.01 |
| GBTC Grayscale Bitcoin Trust ETF | Sold out | 0.00% | −0.01 |
| DFAE Dimensional Emerging Core Eq | Reduce -7.2% | 0.10% | −0.01 |
| BKIE BNY Mellon Intl Eqty ETF | Reduce -2.4% | 0.17% | −0.01 |
| SCS Steelcase Inc. Class A | Reduce -50.3% | 0.01% | −0.01 |
| IVOO Vanguard S&P Mid-Cap 400 ETF | Reduce -9.5% | 0.06% | −0.01 |
| RSP Invesco S&P 500 Equal Weight | Reduce -31.8% | 0.02% | −0.01 |
| LRCX Lam Research Corp. | Reduce -4.6% | 0.02% | −0.01 |
| PFE Pfizer Inc. | Reduce -9.0% | 0.05% | −0.01 |
| DOW Dow Inc. | Reduce -5.6% | 0.07% | −0.01 |
| APO Apollo Global Management Inc. | Reduce -1.4% | 0.14% | −0.01 |
| VOOG Vanguard S&P 500 Growth ETF | Reduce -1.3% | 0.10% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -2.4% | 0.17% | −0.01 |
| AVUV Avantis US Small Cap Value | Reduce -4.6% | 0.09% | −0.01 |
| CHCO City Holding Co. | Reduce -26.1% | 0.02% | −0.01 |
| CVX Chevron Corp. | Reduce -5.4% | 0.03% | −0.01 |
Portfolio Buys Q2 2024 → Q3 2024
| DFUS Dimensional US Eq MKT ETF | Add +11.6% | 8.22% | +0.50 |
| BND Vanguard Total Bond Market | Add +34.8% | 2.01% | +0.43 |
| DFAC Dimensional US Core Equity 2 | Add +12.1% | 5.38% | +0.38 |
| VOOV Vanguard S&P 500 Value ETF | Add +35.7% | 1.24% | +0.31 |
| VXUS Vanguard Total Intl Stock | Add +7.6% | 4.82% | +0.20 |
| VYM Vanguard High DVD Yield ETF | Add +7.8% | 2.22% | +0.11 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +17.7% | 0.79% | +0.09 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +41.4% | 0.32% | +0.09 |
| SUSL iShares ESG MSCI USA Leaders | New | 0.07% | +0.07 |
| DFSV Dimensional US Small Cap Val | Add +9.4% | 1.15% | +0.06 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +52.1% | 0.20% | +0.06 |
| SUSA iShares ESG Optimized MSCI U | New | 0.05% | +0.05 |
| CRM Salesforce Inc. | Add +80.6% | 0.12% | +0.05 |
| DSI iShares ESG MSCI KLD 400 ETF | New | 0.05% | +0.05 |
| NKE Nike Inc. Class B | New | 0.05% | +0.05 |
| WEC WEC Energy Group Inc. | New | 0.05% | +0.05 |
| VEA Vanguard Ftse Developed ETF | Add +12.4% | 0.51% | +0.04 |
| IBM Intl Business Machines Corp. | Add +0.4% | 0.24% | +0.03 |
| ESGV Vanguard ESG US Stock ETF | Add +155.7% | 0.05% | +0.03 |
| SPAB SS SPDR P Agg Bond ETF | Add +16.7% | 0.33% | +0.03 |
| SOXX iShares Semiconductor ETF | Add +239.7% | 0.04% | +0.03 |
| SCHM Schwab US Mid Cap ETF | Add +18.9% | 0.19% | +0.02 |
| DFS Discover Financial Services | New | 0.02% | +0.02 |
| META Meta Platforms Inc. Class A | Add +3.6% | 0.40% | +0.02 |
| AGG iShares Core U.S. Aggregate | Add +24.6% | 0.15% | +0.02 |
| AAPL Apple Inc. | Add +0.9% | 2.94% | +0.02 |
| TSLA Tesla Inc. | Add +4.8% | 0.10% | +0.02 |
| IBIT iShares Bitcoin Trust ETF | Add +8.1% | 0.63% | +0.02 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +15.8% | 0.18% | +0.02 |
| CAT Caterpillar Inc. | Add +2.8% | 0.21% | +0.02 |
| TGT Target Corp. | Add +56.4% | 0.05% | +0.02 |
| HD Home Depot Inc. | Add +9.3% | 0.12% | +0.02 |
| DOV Dover Corp. | New | 0.02% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +5.2% | 8.42% | +0.02 |
| COST Costco Wholesale Corp. | Add +32.4% | 0.08% | +0.02 |
| TMUS T-Mobile US Inc. | New | 0.01% | +0.01 |
| FIW First Trust Water ETF | New | 0.01% | +0.01 |
| AXP American Express Co. | Add +4.5% | 0.15% | +0.01 |
| GWW WW Grainger Inc. | New | 0.01% | +0.01 |
| BMY Bristol-Myers Squibb Co. | New | 0.01% | +0.01 |
| LOW Lowe's Cos Inc. | Add +0.3% | 0.13% | +0.01 |
| MTUM iShares MSCI USA Momentum Fa | New | 0.01% | +0.01 |
| MPLX MPLX LP | New | 0.01% | +0.01 |
| ICSH iShares Ultra Short Duration | Add +28.0% | 0.09% | +0.01 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +11.6% | 0.31% | +0.01 |
| CSCO Cisco Systems Inc. | Add +7.4% | 0.15% | +0.01 |
| IXUS iShares Core Intl Stock ETF | Add +7.8% | 0.26% | +0.01 |
| AMP Ameriprise Financial Inc. | Add +13.8% | 0.10% | +0.01 |
| ABBV Abbvie Inc. | Add +3.2% | 0.16% | +0.01 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +19.5% | 0.08% | +0.01 |
Notes & Other Activity Q2 2024 → Q3 2024
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | New | 8,157 | $213K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 391 | $3.4B | VOO, DFUS, ITOT, VTI, VXUS |
| Q1 2026 | 366 | $2.9B | VOO, VTI, DFUS, ITOT, VXUS |
| Q4 2025 | 338 | $2.7B | VOO, VTI, DFUS, ITOT, VXUS |
| Q3 2025 | 315 | $2.5B | VOO, VTI, DFUS, ITOT, VXUS |
| Q2 2025 | 290 | $2.2B | VOO, VTI, DFUS, ITOT, DFAC |
| Q1 2025 | 300 | $1.9B | DFUS, VOO, VTI, DFAC, VXUS |
| Q4 2024 | 294 | $1.7B | DFUS, VOO, VTI, DFAC, ITOT |
| Q3 2024 | 275 | $1.6B | VTI, VOO, DFUS, DFAC, ITOT |
| Q2 2024 | 267 | $1.4B | VTI, VOO, DFUS, ITOT, DFAC |
| Q1 2024 | 266 | $1.3B | VTI, VOO, DFUS, ITOT, DFAC |