Zhang Financial LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 16, 2025), Zhang Financial LLC reported 294 stock positions worth $1.7 billion. Its top holding was Dimensional US Eq MKT ETF (DFUS) at 8.6% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 8.4%) and VG Morningstar TS MKT ETF-US (VTI, 7.8%). Compared with Q3 2024, it opened 27 new positions, sold out of 8, added to 167 and reduced 56. The biggest buy was Vanguard Intermediate-Term B (BIV, shares +1623%) 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
- $1.7B (Q4 2024)
- SEC Filing
- 0001776290-25-000001 ↗ filed Jan 16, 2025
Holdings Value
Holdings 294 stocks · $1.7B
| DFUS Dimensional US Eq MKT ETF | 8.65% | 2,369,405 | $151.0M | Add +13.2% |
| VOO Vanguard S&P 500 ETF | 8.43% | 273,183 | $147.2M | Add +8.1% |
| VTI VG Morningstar TS MKT ETF-US | 7.78% | 468,885 | $135.9M | Reduce -1.1% |
| DFAC Dimensional US Core Equity 2 | 5.61% | 2,834,248 | $98.0M | Add +14.1% |
| ITOT iShares Core S&P Total U.S. | 4.89% | 664,668 | $85.5M | Reduce -0.5% |
| VXUS Vanguard Total Intl Stock | 4.29% | 1,271,609 | $74.9M | Add +7.8% |
| VT Vanguard Tot World STK ETF | 3.99% | 593,172 | $69.7M | Add +9.0% |
| AAPL Apple Inc. | 2.81% | 196,007 | $49.1M | Reduce -1.8% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.75% | 242,628 | $48.1M | Reduce -0.1% |
| DFAI Dimensional International Co. | 2.62% | 1,567,205 | $45.8M | Add +5.5% |
| SYK Stryker Corp. | 2.37% | 114,889 | $41.4M | Add +55.0% |
| BND Vanguard Total Bond Market | 2.31% | 560,730 | $40.3M | Add +32.3% |
| VYM Vanguard High DVD Yield ETF | 2.04% | 279,520 | $35.7M | Add +1.9% |
| BKLC BNY Mellon US LRG Cap Cor | 1.49% | 232,026 | $26.0M | Add +17.6% |
| MSFT Microsoft Corp. | 1.43% | 59,422 | $25.0M | Add +1.1% |
| IAU iShares Gold Trust | 1.35% | 474,936 | $23.5M | Reduce -1.2% |
| DFSV Dimensional US Small Cap Val | 1.17% | 663,624 | $20.4M | Add +12.7% |
| VOOV Vanguard S&P 500 Value ETF | 1.17% | 110,675 | $20.4M | Add +7.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.01% | 66,885 | $17.7M | Add +15.1% |
| IWN iShares Russell 2000 Value E | 0.97% | 103,224 | $16.9M | Reduce -1.7% |
| DFAU Dimensional US Core Equity M | 0.96% | 414,809 | $16.8M | Add +0.5% |
| NVDA Nvidia Corp. | 0.90% | 117,330 | $15.8M | Add +59.7% |
| IBIT iShares Bitcoin Trust ETF | 0.90% | 295,872 | $15.7M | Add +7.9% |
| AVUS Avantis U.S. Equity ETF | 0.84% | 151,383 | $14.7M | Add +5.2% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.82% | 183,470 | $14.3M | Add +354.1% |
| AVDE Avantis International Equity | 0.82% | 232,933 | $14.3M | Add +36.2% |
| IVV iShares Core S&P 500 ETF | 0.82% | 24,257 | $14.3M | Add +14.6% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.79% | 192,416 | $13.7M | Add +8.1% |
| BIV Vanguard Intermediate-Term B | 0.78% | 181,554 | $13.6M | Add +1623.3% |
| AMZN Amazon.com Inc. | 0.69% | 55,020 | $12.1M | Add +7.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.64% | 24,808 | $11.2M | Add +4.7% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.62% | 31,547 | $10.8M | Add +121.6% |
| SCHB Schwab US Broad Market ETF | 0.57% | 440,230 | $10.0M | Reduce -1.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.56% | 57,734 | $9.8M | Reduce -0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.56% | 16,586 | $9.7M | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 0.55% | 50,369 | $9.5M | Add +5.4% |
| VWO Vanguard Ftse Emerging Marke | 0.52% | 207,652 | $9.1M | Add +4.3% |
| SCHF Schwab Intl Equity ETF | 0.44% | 419,031 | $7.8M | Add +0.9% |
| VEA Vanguard Ftse Developed ETF | 0.41% | 151,363 | $7.2M | Reduce -0.3% |
| SUB iShares Short-Term National | 0.40% | 65,918 | $7.0M | Add +18.8% |
| META Meta Platforms Inc. Class A | 0.40% | 11,789 | $6.9M | Add +6.2% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.36% | 115,495 | $6.3M | Add +23.8% |
| DFAS Dimensional US Small Cap ETF | 0.35% | 94,290 | $6.1M | Reduce -1.9% |
| AVGO Broadcom Inc. | 0.32% | 24,130 | $5.6M | Add +14.1% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 0.31% | 25,718 | $5.5M | Add +4.4% |
| GLDM SPDR Gold Minishares Trust | 0.31% | 104,476 | $5.4M | Add +1.4% |
| VNQ Vanguard Real Estate ETF | 0.29% | 56,728 | $5.1M | Add +1.8% |
| SPAB SS SPDR P Agg Bond ETF | 0.28% | 193,905 | $4.8M | Reduce -4.1% |
| MUB iShares National Muni Bond E | 0.28% | 45,359 | $4.8M | Add +11.2% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.27% | 84,286 | $4.7M | Add +3.8% |
| AMGN Amgen Inc. | 0.24% | 16,165 | $4.2M | Add +6.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.24% | 10,130 | $4.2M | Add +0.2% |
| PG The Procter & Gamble Co. | 0.23% | 24,371 | $4.1M | Add +1.2% |
| VONE Vanguard Russell 1000 | 0.23% | 15,054 | $4.0M | Add +0.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.23% | 18,077 | $4.0M | Add +3.9% |
| EFV iShares MSCI Eafe Value ETF | 0.23% | 75,527 | $4.0M | Add +0.5% |
| IXUS iShares Core Intl Stock ETF | 0.22% | 58,926 | $3.9M | Add +3.0% |
| VIG Vanguard Dividend Apprec ETF | 0.22% | 19,872 | $3.9M | Add +45.7% |
| VONG Vanguard Russell 1000 Growth | 0.22% | 36,441 | $3.8M | Reduce -0.9% |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 0.21% | 29,512 | $3.7M | Reduce -0.6% |
| IWV iShares Russell 3000 ETF | 0.21% | 10,868 | $3.6M | Add +0.0% |
| HFFG HF Foods Group Inc. | 0.20% | 1,110,712 | $3.6M | No change |
| ABBV Abbvie Inc. | 0.19% | 18,930 | $3.4M | Add +45.6% |
| CAT Caterpillar Inc. | 0.19% | 9,158 | $3.3M | Add +8.7% |
| AIT Applied Industrial Tech Inc. | 0.19% | 13,793 | $3.3M | Reduce -17.9% |
| SCHM Schwab US Mid Cap ETF | 0.18% | 115,595 | $3.2M | Add +6.7% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.18% | 46,056 | $3.1M | Add +17.3% |
| VGT Vanguard Info Tech ETF | 0.18% | 5,023 | $3.1M | Add +2.2% |
| AGG iShares Core U.S. Aggregate | 0.18% | 32,089 | $3.1M | Add +37.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.18% | 6,046 | $3.1M | Add +11.9% |
| PEP Pepsico Inc. | 0.18% | 20,238 | $3.1M | Add +7.0% |
| APO Apollo Global Management Inc. | 0.18% | 18,581 | $3.1M | Add +3.1% |
| CSCO Cisco Systems Inc. | 0.17% | 51,447 | $3.0M | Add +16.6% |
| JPM JPMorgan Chase & Co. | 0.17% | 12,369 | $3.0M | Add +15.1% |
| SPTS SS SPDR P St Term TSY ETF | 0.16% | 98,810 | $2.9M | Add +0.1% |
| HON Honeywell International Inc. | 0.16% | 12,639 | $2.9M | Add +1.1% |
| ZTS Zoetis Inc. | 0.16% | 17,239 | $2.8M | Reduce -11.0% |
| AXP American Express Co. | 0.16% | 9,446 | $2.8M | Add +8.3% |
| GOOG Alphabet Inc. Class C | 0.16% | 14,466 | $2.8M | Add +6.5% |
| DFUV Dimensional US Marketwide Va | 0.15% | 65,773 | $2.7M | Add +0.2% |
| GS Goldman Sachs Group Inc. | 0.15% | 4,641 | $2.7M | Add +11.2% |
| VONV Vanguard Russell 1000 Value | 0.15% | 32,260 | $2.6M | Reduce -0.8% |
| KLAC KLA Corp. | 0.15% | 4,036 | $2.5M | Add +15.4% |
| DVY iShares Select Dividend ETF | 0.14% | 19,171 | $2.5M | Reduce -0.3% |
| TSLA Tesla Inc. | 0.14% | 6,052 | $2.4M | Reduce -4.5% |
| BKIE BNY Mellon Intl Eqty ETF | 0.14% | 33,604 | $2.4M | Add +0.3% |
| TIP iShares Tips Bond ETF | 0.14% | 22,319 | $2.4M | Reduce -0.3% |
| CRM Salesforce Inc. | 0.13% | 7,027 | $2.3M | Add +2.3% |
| SCHX Schwab US Large-Cap ETF | 0.13% | 97,036 | $2.2M | Reduce -0.2% |
| MRK Merck & Co. Inc. | 0.13% | 22,485 | $2.2M | Add +22.4% |
| SDY SS SPDR S&P Dividend ETF | 0.13% | 16,762 | $2.2M | New |
| BRK.A Berkshire Hathaway Inc. Class A | 0.12% | 3 | $2.0M | No change |
| SCHD Schwab US DVD Equity ETF | 0.12% | 74,728 | $2.0M | New |
| V Visa Inc. Class A | 0.11% | 6,279 | $2.0M | Add +11.7% |
| AVUV Avantis US Small Cap Value | 0.11% | 20,485 | $2.0M | Add +36.8% |
| LLY Eli Lilly & Co. | 0.11% | 2,551 | $2.0M | Add +41.2% |
| BKNG Booking Holdings Inc. | 0.11% | 391 | $1.9M | Reduce -2.7% |
| ICSH iShares Ultra Short Duration | 0.11% | 37,497 | $1.9M | Add +32.8% |
| LOW Lowe's Cos Inc. | 0.11% | 7,591 | $1.9M | Add +0.3% |
| VRTX Vertex Pharmaceuticals Inc. | 0.11% | 4,631 | $1.9M | Add +14.8% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $204K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 8,311 | $204K | Add +1.9% |
Total filed on the 13F, all lines: $1.7B.
Portfolio Sells Q3 2024 → Q4 2024
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.1% | 7.78% | −0.70 |
| ITOT iShares Core S&P Total U.S. | Reduce -0.5% | 4.89% | −0.40 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -0.1% | 2.75% | −0.33 |
| IAU iShares Gold Trust | Reduce -1.2% | 1.35% | −0.16 |
| IWN iShares Russell 2000 Value E | Reduce -1.7% | 0.97% | −0.14 |
| AAPL Apple Inc. | Reduce -1.8% | 2.81% | −0.13 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.3% | 0.41% | −0.09 |
| ZTS Zoetis Inc. | Reduce -11.0% | 0.16% | −0.08 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.1% | 0.56% | −0.08 |
| DE Deere & Co. | Sold out | 0.00% | −0.06 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -4.1% | 0.28% | −0.06 |
| SCHB Schwab US Broad Market ETF | Reduce -1.8% | 0.57% | −0.06 |
| TGT Target Corp. | Sold out | 0.00% | −0.05 |
| MU Micron Technology Inc. | Reduce -10.2% | 0.10% | −0.05 |
| DOW Dow Inc. | Reduce -58.2% | 0.02% | −0.05 |
| AIT Applied Industrial Tech Inc. | Reduce -17.9% | 0.19% | −0.05 |
| DFAS Dimensional US Small Cap ETF | Reduce -1.9% | 0.35% | −0.04 |
| MCK McKesson Corp. | Reduce -27.0% | 0.10% | −0.03 |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | Reduce -0.6% | 0.21% | −0.03 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.03 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -20.0% | 0.04% | −0.02 |
| VONV Vanguard Russell 1000 Value | Reduce -0.8% | 0.15% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.7% | 0.05% | −0.02 |
| TIP iShares Tips Bond ETF | Reduce -0.3% | 0.14% | −0.02 |
| DVY iShares Select Dividend ETF | Reduce -0.3% | 0.14% | −0.02 |
| K Kellanova | Reduce -11.6% | 0.08% | −0.02 |
| WEC WEC Energy Group Inc. | Reduce -33.6% | 0.03% | −0.02 |
| DGX Quest Diagnostics Inc. | Sold out | 0.00% | −0.02 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -3.7% | 0.06% | −0.02 |
| HD Home Depot Inc. | Reduce -0.6% | 0.10% | −0.02 |
| SMH Vaneck Semiconductor ETF | Sold out | 0.00% | −0.02 |
| MTRN Materion Corp. | Sold out | 0.00% | −0.01 |
| AVY Avery Dennison Corp. | Sold out | 0.00% | −0.01 |
| VSGX Vanguard ESG Intl Stock ETF | Sold out | 0.00% | −0.01 |
| SOXX iShares Semiconductor ETF | Reduce -14.7% | 0.03% | −0.01 |
| DFAT Dimensional US Target Value | Reduce -5.9% | 0.07% | −0.01 |
| BKAG BNY Mellon Core Bond ETF | Reduce -0.5% | 0.07% | −0.01 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.2% | 0.13% | −0.01 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -3.6% | 0.05% | −0.01 |
| DFLV Dim US Large Cap Value ETF | Reduce -3.8% | 0.05% | −0.01 |
| VONG Vanguard Russell 1000 Growth | Reduce -0.9% | 0.22% | −0.01 |
| DHR Danaher Corp. | Reduce -0.4% | 0.02% | −0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -2.2% | 0.01% | −0.01 |
| VHT Vanguard Health Care ETF | Reduce -1.1% | 0.03% | −0.01 |
| SO The Southern Co. | Reduce -14.7% | 0.02% | −0.01 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -26.2% | 0.02% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -6.3% | 0.02% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -3.3% | 0.02% | −0.01 |
| VXF Vanguard Extended Market ETF | Reduce -0.2% | 0.10% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -1.4% | 0.02% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| BIV Vanguard Intermediate-Term B | Add +1623.3% | 0.78% | +0.72 |
| SYK Stryker Corp. | Add +55.0% | 2.37% | +0.68 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +354.1% | 0.82% | +0.62 |
| DFUS Dimensional US Eq MKT ETF | Add +13.2% | 8.65% | +0.43 |
| NVDA Nvidia Corp. | Add +59.7% | 0.90% | +0.34 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +121.6% | 0.62% | +0.33 |
| BND Vanguard Total Bond Market | Add +32.3% | 2.31% | +0.30 |
| IBIT iShares Bitcoin Trust ETF | Add +7.9% | 0.90% | +0.27 |
| DFAC Dimensional US Core Equity 2 | Add +14.1% | 5.61% | +0.23 |
| SDY SS SPDR S&P Dividend ETF | New | 0.13% | +0.13 |
| BKLC BNY Mellon US LRG Cap Cor | Add +17.6% | 1.49% | +0.12 |
| SCHD Schwab US DVD Equity ETF | New | 0.12% | +0.12 |
| VGSH Vanguard Short-Term Treasury | New | 0.10% | +0.10 |
| AVDE Avantis International Equity | Add +36.2% | 0.82% | +0.09 |
| AMZN Amazon.com Inc. | Add +7.7% | 0.69% | +0.09 |
| AVGO Broadcom Inc. | Add +14.1% | 0.32% | +0.09 |
| LMT Lockheed Martin Corp. | New | 0.06% | +0.06 |
| CL Colgate-Palmolive Co. | New | 0.05% | +0.05 |
| VIG Vanguard Dividend Apprec ETF | Add +45.7% | 0.22% | +0.05 |
| IVV iShares Core S&P 500 ETF | Add +14.6% | 0.82% | +0.05 |
| GOOGL Alphabet Inc. Class A | Add +5.4% | 0.55% | +0.05 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +15.1% | 1.01% | +0.04 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +23.8% | 0.36% | +0.04 |
| APO Apollo Global Management Inc. | Add +3.1% | 0.18% | +0.03 |
| BAC Bank of America Corp. | Add +151.0% | 0.06% | +0.03 |
| ABBV Abbvie Inc. | Add +45.6% | 0.19% | +0.03 |
| ARES Ares Management Corp. Class A | New | 0.03% | +0.03 |
| AGG iShares Core U.S. Aggregate | Add +37.5% | 0.18% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +15.1% | 0.17% | +0.03 |
| CSCO Cisco Systems Inc. | Add +16.6% | 0.17% | +0.03 |
| SUB iShares Short-Term National | Add +18.8% | 0.40% | +0.03 |
| SCHG Schwab US Large-Cap Growth | New | 0.03% | +0.03 |
| WMT Walmart Inc. | Add +47.3% | 0.08% | +0.03 |
| NFLX Netflix Inc. | Add +122.3% | 0.04% | +0.02 |
| DFSV Dimensional US Small Cap Val | Add +12.7% | 1.17% | +0.02 |
| T AT&T Inc. | New | 0.02% | +0.02 |
| TTD Trade Desk Inc./the Class A | New | 0.02% | +0.02 |
| AVUV Avantis US Small Cap Value | Add +36.8% | 0.11% | +0.02 |
| CDNS Cadence Design SYS Inc. | New | 0.02% | +0.02 |
| GS Goldman Sachs Group Inc. | Add +11.2% | 0.15% | +0.02 |
| IVW iShares S&P 500 Growth ETF | Add +91.1% | 0.04% | +0.02 |
| WM Waste Management Inc. | New | 0.02% | +0.02 |
| KKR KKR & Co. Inc. | Add +18.2% | 0.11% | +0.02 |
| XLF SS Financial Select Sector | Add +60.2% | 0.05% | +0.02 |
| ICSH iShares Ultra Short Duration | Add +32.8% | 0.11% | +0.02 |
| ISTB iShares Core 1-5 Year Usd Bo | New | 0.02% | +0.02 |
| GE General Electric | New | 0.02% | +0.02 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.02% | +0.02 |
| V Visa Inc. Class A | Add +11.7% | 0.11% | +0.02 |
| CRM Salesforce Inc. | Add +2.3% | 0.13% | +0.02 |
Notes & Other Activity Q3 2024 → Q4 2024
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Add +1.9% | 8,311 | $204K |
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 |