Zhang Financial LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 15, 2025), Zhang Financial LLC reported 300 stock positions worth $1.9 billion. Its top holding was Dimensional US Eq MKT ETF (DFUS) at 8.0% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 7.9%) and VG Morningstar TS MKT ETF-US (VTI, 7.1%). Compared with Q4 2024, it opened 17 new positions, sold out of 11, added to 173 and reduced 70. The biggest buy was Vanguard Intermediate-Term B (BIV, shares +264%) and the biggest sale Broadcom (AVGO, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- PORTAGE, MI
- CIK
- 0001776290
- Portfolio Value
- $1.9B (Q1 2025)
- SEC Filing
- 0001776290-25-000002 ↗ filed Apr 15, 2025
Holdings Value
Holdings 300 stocks · $1.9B
| DFUS Dimensional US Eq MKT ETF | 8.02% | 2,506,843 | $151.6M | Add +5.8% |
| VOO Vanguard S&P 500 ETF | 7.85% | 288,860 | $148.4M | Add +5.7% |
| VTI VG Morningstar TS MKT ETF-US | 7.10% | 488,385 | $134.2M | Add +4.2% |
| DFAC Dimensional US Core Equity 2 | 5.49% | 3,148,980 | $103.9M | Add +11.1% |
| VXUS Vanguard Total Intl Stock | 4.83% | 1,470,452 | $91.3M | Add +15.6% |
| ITOT iShares Core S&P Total U.S. | 4.77% | 738,789 | $90.1M | Add +11.2% |
| VT Vanguard Tot World STK ETF | 3.79% | 617,939 | $71.7M | Add +4.2% |
| DFAI Dimensional International Co. | 2.74% | 1,660,969 | $51.9M | Add +6.0% |
| BIV Vanguard Intermediate-Term B | 2.68% | 660,669 | $50.6M | Add +263.9% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.41% | 245,033 | $45.6M | Add +1.0% |
| AAPL Apple Inc. | 2.35% | 199,722 | $44.4M | Add +1.9% |
| SYK Stryker Corp. | 2.25% | 114,254 | $42.5M | Reduce -0.6% |
| BND Vanguard Total Bond Market | 2.23% | 575,088 | $42.2M | Add +2.6% |
| VYM Vanguard High DVD Yield ETF | 1.96% | 286,946 | $37.0M | Add +2.7% |
| BKLC BNY Mellon US LRG Cap Cor | 1.59% | 282,118 | $30.0M | Add +21.6% |
| IAU iShares Gold Trust | 1.48% | 475,144 | $28.0M | Add +0.0% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.28% | 307,642 | $24.3M | Add +67.7% |
| MSFT Microsoft Corp. | 1.22% | 61,431 | $23.1M | Add +3.4% |
| VOOV Vanguard S&P 500 Value ETF | 1.06% | 108,966 | $20.1M | Reduce -1.5% |
| DFSV Dimensional US Small Cap Val | 1.04% | 697,869 | $19.6M | Add +5.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.96% | 70,141 | $18.1M | Add +4.9% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.96% | 266,548 | $18.1M | Add +38.5% |
| AVDE Avantis International Equity | 0.91% | 260,466 | $17.3M | Add +11.8% |
| DFAU Dimensional US Core Equity M | 0.91% | 446,808 | $17.2M | Add +7.7% |
| NVDA Nvidia Corp. | 0.91% | 158,295 | $17.2M | Add +34.9% |
| IWN iShares Russell 2000 Value E | 0.82% | 103,254 | $15.6M | Add +0.0% |
| IBIT iShares Bitcoin Trust ETF | 0.77% | 310,982 | $14.6M | Add +5.1% |
| AGG iShares Core U.S. Aggregate | 0.76% | 145,177 | $14.4M | Add +352.4% |
| AVUS Avantis U.S. Equity ETF | 0.76% | 154,632 | $14.3M | Add +2.1% |
| IVV iShares Core S&P 500 ETF | 0.75% | 25,112 | $14.1M | Add +3.5% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.71% | 43,542 | $13.4M | Add +38.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.70% | 24,687 | $13.1M | Reduce -0.5% |
| AMZN Amazon.com Inc. | 0.58% | 57,876 | $11.0M | Add +5.2% |
| SCHB Schwab US Broad Market ETF | 0.56% | 491,647 | $10.6M | Add +11.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.55% | 59,684 | $10.3M | Add +3.4% |
| VWO Vanguard Ftse Emerging Marke | 0.51% | 214,892 | $9.7M | Add +3.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.49% | 16,694 | $9.3M | Add +0.7% |
| SCHF Schwab Intl Equity ETF | 0.46% | 437,081 | $8.6M | Add +4.3% |
| GOOGL Alphabet Inc. Class A | 0.45% | 54,610 | $8.4M | Add +8.4% |
| VEA Vanguard Ftse Developed ETF | 0.43% | 161,687 | $8.2M | Add +6.8% |
| SUB iShares Short-Term National | 0.40% | 71,219 | $7.5M | Add +8.0% |
| META Meta Platforms Inc. Class A | 0.39% | 12,710 | $7.3M | Add +7.8% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.39% | 142,578 | $7.3M | Add +23.4% |
| GLDM SPDR Gold Minishares Trust | 0.34% | 104,289 | $6.5M | Reduce -0.2% |
| MUB iShares National Muni Bond E | 0.33% | 59,037 | $6.2M | Add +30.1% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 0.31% | 29,043 | $5.8M | Add +12.9% |
| SPAB SS SPDR P Agg Bond ETF | 0.30% | 219,668 | $5.6M | Add +13.3% |
| DFAS Dimensional US Small Cap ETF | 0.29% | 91,820 | $5.5M | Reduce -2.6% |
| HFFG HF Foods Group Inc. | 0.29% | 1,110,712 | $5.4M | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.28% | 14,259 | $5.3M | Add +40.8% |
| VNQ Vanguard Real Estate ETF | 0.27% | 56,610 | $5.1M | Reduce -0.2% |
| AMGN Amgen Inc. | 0.27% | 16,335 | $5.1M | Add +1.1% |
| ABBV Abbvie Inc. | 0.27% | 24,214 | $5.1M | Add +27.9% |
| JPM JPMorgan Chase & Co. | 0.25% | 19,436 | $4.8M | Add +57.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.25% | 19,109 | $4.8M | Add +5.7% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.25% | 84,642 | $4.7M | Add +0.4% |
| IXUS iShares Core Intl Stock ETF | 0.24% | 64,490 | $4.5M | Add +9.4% |
| EFV iShares MSCI Eafe Value ETF | 0.22% | 70,884 | $4.2M | Reduce -6.2% |
| VONE Vanguard Russell 1000 | 0.22% | 16,113 | $4.1M | Add +7.0% |
| PG The Procter & Gamble Co. | 0.22% | 23,981 | $4.1M | Reduce -1.6% |
| CSCO Cisco Systems Inc. | 0.21% | 64,110 | $4.0M | Add +24.6% |
| VIG Vanguard Dividend Apprec ETF | 0.20% | 19,943 | $3.9M | Add +0.4% |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 0.20% | 29,819 | $3.8M | Add +1.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.20% | 8,002 | $3.8M | Add +32.4% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.20% | 50,038 | $3.7M | Add +8.7% |
| AVGO Broadcom Inc. | 0.19% | 21,966 | $3.7M | Reduce -9.0% |
| APO Apollo Global Management Inc. | 0.19% | 25,751 | $3.5M | Add +38.6% |
| CAT Caterpillar Inc. | 0.18% | 10,485 | $3.5M | Add +14.5% |
| VONG Vanguard Russell 1000 Growth | 0.18% | 37,156 | $3.4M | Add +2.0% |
| AVUV Avantis US Small Cap Value | 0.18% | 39,529 | $3.4M | Add +93.0% |
| IWV iShares Russell 3000 ETF | 0.17% | 10,353 | $3.3M | Reduce -4.7% |
| AXP American Express Co. | 0.17% | 11,998 | $3.2M | Add +27.0% |
| XOM Exxon Mobil Corp. | 0.17% | 27,024 | $3.2M | Add +95.5% |
| GS Goldman Sachs Group Inc. | 0.17% | 5,752 | $3.1M | Add +23.9% |
| KLAC KLA Corp. | 0.16% | 4,577 | $3.1M | Add +13.4% |
| AIT Applied Industrial Tech Inc. | 0.16% | 13,793 | $3.1M | No change |
| MU Micron Technology Inc. | 0.16% | 35,191 | $3.1M | Add +73.8% |
| VGT Vanguard Info Tech ETF | 0.16% | 5,580 | $3.0M | Add +11.1% |
| SCHM Schwab US Mid Cap ETF | 0.16% | 115,166 | $3.0M | Reduce -0.4% |
| PEP Pepsico Inc. | 0.16% | 19,780 | $3.0M | Reduce -2.3% |
| JNJ Johnson & Johnson | 0.15% | 17,590 | $2.9M | Add +42.1% |
| DFUV Dimensional US Marketwide Va | 0.15% | 70,350 | $2.9M | Add +7.0% |
| SPTS SS SPDR P St Term TSY ETF | 0.15% | 98,777 | $2.9M | Reduce -0.0% |
| TSLA Tesla Inc. | 0.15% | 10,927 | $2.8M | Add +80.5% |
| ZTS Zoetis Inc. | 0.15% | 17,162 | $2.8M | Reduce -0.5% |
| VONV Vanguard Russell 1000 Value | 0.14% | 32,604 | $2.7M | Add +1.1% |
| HON Honeywell International Inc. | 0.14% | 12,566 | $2.7M | Reduce -0.6% |
| BKIE BNY Mellon Intl Eqty ETF | 0.14% | 34,113 | $2.6M | Add +1.5% |
| DVY iShares Select Dividend ETF | 0.14% | 19,179 | $2.6M | Add +0.0% |
| CRM Salesforce Inc. | 0.13% | 9,417 | $2.5M | Add +34.0% |
| WMT Walmart Inc. | 0.13% | 27,376 | $2.4M | Add +86.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.13% | 3 | $2.4M | No change |
| VOOG Vanguard S&P 500 Growth ETF | 0.12% | 6,949 | $2.3M | Add +52.4% |
| GOOG Alphabet Inc. Class C | 0.12% | 14,862 | $2.3M | Add +2.7% |
| ICSH iShares Ultra Short Duration | 0.12% | 45,607 | $2.3M | Add +21.6% |
| SDY SS SPDR S&P Dividend ETF | 0.12% | 16,777 | $2.3M | Add +0.1% |
| SCHZ Schwab US Aggregate Bond ETF | 0.12% | 96,868 | $2.2M | Add +157.6% |
| MDT Medtronic PLC | 0.12% | 24,569 | $2.2M | New |
| SCHX Schwab US Large-Cap ETF | 0.11% | 96,825 | $2.1M | Reduce -0.2% |
| AMP Ameriprise Financial Inc. | 0.11% | 4,416 | $2.1M | Add +27.6% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $303K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 12,433 | $303K | Add +49.6% |
Total filed on the 13F, all lines: $1.9B.
Portfolio Sells Q4 2024 → Q1 2025
| AVGO Broadcom Inc. | Reduce -9.0% | 0.19% | −0.13 |
| SYK Stryker Corp. | Reduce -0.6% | 2.25% | −0.12 |
| VOOV Vanguard S&P 500 Value ETF | Reduce -1.5% | 1.06% | −0.11 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -71.6% | 0.03% | −0.07 |
| MPC Marathon Petroleum Corp. | Reduce -83.0% | 0.01% | −0.07 |
| NXPI NXP Semiconductors NV | Sold out | 0.00% | −0.06 |
| DFAS Dimensional US Small Cap ETF | Reduce -2.6% | 0.29% | −0.06 |
| DELL Dell Technologies -C | Sold out | 0.00% | −0.06 |
| UBS UBS Group AG-Reg | Reduce -77.8% | 0.01% | −0.06 |
| ADBE Adobe Inc. | Reduce -51.9% | 0.03% | −0.05 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.05 |
| IWV iShares Russell 3000 ETF | Reduce -4.7% | 0.17% | −0.03 |
| TIP iShares Tips Bond ETF | Reduce -15.4% | 0.11% | −0.03 |
| SCHM Schwab US Mid Cap ETF | Reduce -0.4% | 0.16% | −0.02 |
| HON Honeywell International Inc. | Reduce -0.6% | 0.14% | −0.02 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.02 |
| PEP Pepsico Inc. | Reduce -2.3% | 0.16% | −0.02 |
| VNQ Vanguard Real Estate ETF | Reduce -0.2% | 0.27% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -1.6% | 0.22% | −0.02 |
| DOV Dover Corp. | Sold out | 0.00% | −0.02 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.2% | 0.11% | −0.02 |
| LOW Lowe's Cos Inc. | Reduce -0.2% | 0.09% | −0.01 |
| USB US Bancorp | Sold out | 0.00% | −0.01 |
| VLO Valero Energy Corp. | Sold out | 0.00% | −0.01 |
| KAI Kadant Inc. | Reduce -3.1% | 0.09% | −0.01 |
| BAC Bank of America Corp. | Reduce -12.2% | 0.04% | −0.01 |
| GKOS Glaukos Corp. | Sold out | 0.00% | −0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.01 |
| IYC iShares US Consumer Discreti | Sold out | 0.00% | −0.01 |
| VRP Invesco Variable Rate Prefer | Sold out | 0.00% | −0.01 |
| SPTS SS SPDR P St Term TSY ETF | Reduce -0.0% | 0.15% | −0.01 |
| ZTS Zoetis Inc. | Reduce -0.5% | 0.15% | −0.01 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -12.1% | 0.05% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -45.8% | 0.01% | −0.01 |
| SOXX iShares Semiconductor ETF | Reduce -16.3% | 0.02% | −0.01 |
| SUSL iShares ESG MSCI USA Leaders | Reduce -0.8% | 0.06% | −0.01 |
| SCHD Schwab US DVD Equity ETF | Reduce -3.3% | 0.11% | −0.01 |
| PFE Pfizer Inc. | Reduce -6.5% | 0.04% | −0.01 |
| DFAE Dimensional Emerging Core Eq | Reduce -1.5% | 0.08% | −0.01 |
| EFV iShares MSCI Eafe Value ETF | Reduce -6.2% | 0.22% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -2.4% | 0.07% | −0.01 |
| V Visa Inc. Class A | Reduce -7.2% | 0.11% | −0.01 |
| MS Morgan Stanley | Reduce -8.1% | 0.02% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -3.2% | 0.04% | −0.01 |
| BKAG BNY Mellon Core Bond ETF | Reduce -1.6% | 0.07% | −0.01 |
| SPIB SS SPDR P Int C Corp. ETF | Reduce -0.7% | 0.07% | −0.01 |
| IVE iShares S&P 500 Value ETF | Reduce -0.5% | 0.06% | −0.01 |
| PRU Prudential Financial Inc. | Reduce -1.1% | 0.03% | −0.01 |
| K Kellanova | Reduce -0.1% | 0.07% | −0.00 |
| DFS Discover Financial Services | Reduce -7.3% | 0.02% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| BIV Vanguard Intermediate-Term B | Add +263.9% | 2.68% | +1.90 |
| AGG iShares Core U.S. Aggregate | Add +352.4% | 0.76% | +0.58 |
| VXUS Vanguard Total Intl Stock | Add +15.6% | 4.83% | +0.54 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +67.7% | 1.28% | +0.46 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +38.5% | 0.96% | +0.17 |
| IAU iShares Gold Trust | Add +0.0% | 1.48% | +0.14 |
| DFAI Dimensional International Co. | Add +6.0% | 2.74% | +0.12 |
| MDT Medtronic PLC | New | 0.12% | +0.12 |
| BKLC BNY Mellon US LRG Cap Cor | Add +21.6% | 1.59% | +0.10 |
| AVDE Avantis International Equity | Add +11.8% | 0.91% | +0.09 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +38.0% | 0.71% | +0.09 |
| XOM Exxon Mobil Corp. | Add +95.5% | 0.17% | +0.08 |
| JPM JPMorgan Chase & Co. | Add +57.1% | 0.25% | +0.08 |
| ABBV Abbvie Inc. | Add +27.9% | 0.27% | +0.08 |
| SCHZ Schwab US Aggregate Bond ETF | Add +157.6% | 0.12% | +0.07 |
| AVUV Avantis US Small Cap Value | Add +93.0% | 0.18% | +0.07 |
| UBER Uber Technologies Inc. | New | 0.07% | +0.07 |
| IWB iShares Russell 1000 ETF | Add +241.3% | 0.10% | +0.07 |
| MU Micron Technology Inc. | Add +73.8% | 0.16% | +0.06 |
| IWR iShares Russell Mid-Cap ETF | Add +270.1% | 0.09% | +0.06 |
| DFIV Dimensional International Va | Add +190.5% | 0.09% | +0.06 |
| MUB iShares National Muni Bond E | Add +30.1% | 0.33% | +0.05 |
| JNJ Johnson & Johnson | Add +42.1% | 0.15% | +0.05 |
| WMT Walmart Inc. | Add +86.6% | 0.13% | +0.05 |
| IYW iShares Ustechnology ETF | New | 0.05% | +0.05 |
| INTU Intuit Inc. | Add +448.0% | 0.06% | +0.05 |
| PH Parker Hannifin Corp. | New | 0.04% | +0.04 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +40.8% | 0.28% | +0.04 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +66.9% | 0.10% | +0.04 |
| QQQM Invesco Nasdaq 100 ETF | Add +170.8% | 0.07% | +0.04 |
| SLV iShares Silver Trust | Add +246.3% | 0.05% | +0.04 |
| GLTR Abrdn Precious Metals Basket | New | 0.04% | +0.04 |
| CSCO Cisco Systems Inc. | Add +24.6% | 0.21% | +0.03 |
| BSV Vanguard Short-Term Bond ETF | New | 0.03% | +0.03 |
| AMGN Amgen Inc. | Add +1.1% | 0.27% | +0.03 |
| VOOG Vanguard S&P 500 Growth ETF | Add +52.4% | 0.12% | +0.03 |
| SGOV iShares 0-3 Month Treasury B | New | 0.03% | +0.03 |
| TXN Texas Instruments Inc. | New | 0.03% | +0.03 |
| CL Colgate-Palmolive Co. | Add +56.4% | 0.08% | +0.03 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +23.4% | 0.39% | +0.02 |
| IBM Intl Business Machines Corp. | Add +5.7% | 0.25% | +0.02 |
| SPSB SS SPDR P St C Corp. ETF | Add +70.0% | 0.06% | +0.02 |
| AMAT Applied Materials Inc. | Add +51.8% | 0.11% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +32.4% | 0.20% | +0.02 |
| VEA Vanguard Ftse Developed ETF | Add +6.8% | 0.43% | +0.02 |
| CVX Chevron Corp. | Add +58.4% | 0.05% | +0.02 |
| SPAB SS SPDR P Agg Bond ETF | Add +13.3% | 0.30% | +0.02 |
| KLAC KLA Corp. | Add +13.4% | 0.16% | +0.02 |
| PM Philip Morris International | Add +1.5% | 0.10% | +0.02 |
| ILCG iShares Morningstar Growth E | New | 0.02% | +0.02 |
Notes & Other Activity Q4 2024 → Q1 2025
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Add +49.6% | 12,433 | $303K |
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 |