Black Diamond Financial, LLC — Q3 2025 13F Holdings

Name: Black Diamond Financial, LLC — 13F Holdings, Q3 2025
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001759236

Total reported value

$916.5M

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Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	MGV	Vanguard Mega Cap Value ETF	ETF-Other	11.73%	+0.10%	+26.66%
2	MGK	Vanguard Mega Cap Growth ETF	ETF-Other	9.98%	-1.23%	+37.88%
3	VUG	Vanguard Growth ETF	ETF-Other	5.04%	-1.50%	+92.31%
4	AGG	Ishares Core U.s. Aggregate	ETF-Other	4.43%	+0.38%	+22.28%
5	SPTI	Ss Spdr P Int Term Tsy ETF	ETF-Other	4.31%	+0.34%	+21.04%
6	SCHV	Schwab US Large-cap Value	ETF-Other	4.16%	+0.44%	+23.91%
7	SCHG	Schwab US Large-cap Growth	ETF-Other	4.00%	-0.02%	+27.68%
8	MGC	Vanguard Mega Cap ETF	ETF-Other	3.10%	-0.10%	+15.71%
9	VTV	Vanguard Value ETF	ETF-Other	2.71%	-0.78%	+104.29%
10	VOT	Vanguard Mid-cap Growth ETF	ETF-Other	2.58%	-0.13%	+31.10%
11	SCHF	Schwab Intl Equity ETF	ETF-Other	2.54%	+0.28%	+30.49%
12	SCHX	Schwab US Large-cap ETF	ETF-Other	2.37%	-0.06%	+4.78%
13	IGIB	Ishares 5-10y Inv Grade CORP	ETF-Corp Bonds	2.30%	+0.15%	+19.61%
14	FREL	Fidelity Msci Rl Est Indx	ETF-Other	2.11%	+0.30%	+19.72%
15	MUB	Ishares National Muni Bond E	ETF-Other	1.78%	+0.26%	+28.09%
16	IMCV	Ishares Morningstar Mid-cap	ETF-Other	1.71%	—	+71.46%
17	IGSB	Ishares 1-5y Inv Grade CORP	ETF-Other	1.64%	+0.24%	+32.07%
18	VBR	Vanguard Small-cap Value ETF	ETF-Other	1.61%	+0.15%	+66.84%
19	SCHO	Schwab Short-term US Treas	ETF-Other	1.57%	+0.12%	+21.65%
20	LIND	Lindblad Expeditions Holding	Stock-Other	1.53%	+0.40%	+13.61%
21	VO	Vanguard Mid-cap ETF	ETF-Other	1.43%	—	+28.67%
22	VEA	Vanguard Ftse Developed ETF	ETF-Other	1.18%	+0.11%	+8.24%
23	ISCG	Ishares Morningstar Small-ca	ETF-Other	1.16%	-0.18%	+78.09%
24	IEMG	Ishares Core Msci Emerging	ETF-Emerging Markets	1.08%	+0.17%	+24.93%
25	VB	Vanguard Small-cap ETF	ETF-Other	1.04%	—	+8.76%
26	SCHM	Schwab US Mid Cap ETF	ETF-Other	0.92%	—	+3.11%
27	AAPL	Apple INC	Stock-Tech	0.90%	—	+10.42%
28	VBK	Vanguard Small-cap Grwth ETF	ETF-Other	0.88%	-0.01%	+55.29%
29	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	0.81%	—	+16.15%
30	RSP	Invesco S&p 500 Equal Weight	ETF-Large Cap & Growth	0.80%	+0.15%	+587.30%
31	SCHA	Schwab US Small-cap ETF	ETF-Other	0.77%	—	-4.08%
32	SPTM	Ss Spdr P S&p 1500 Comp ETF	ETF-Other	0.72%	-0.68%	EXIT
33	VOE	Vanguard Mid-cap Value ETF	ETF-Other	0.70%	-0.07%	+65.67%
34	VCSH	Vanguard S/t CORP Bond ETF	ETF-Corp Bonds	0.69%	-0.03%	-1.73%
35	VV	Vanguard Large-cap ETF	ETF-Other	0.68%	—	+0.01%
36	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	0.68%	—	+6.12%
37	VOO	Vanguard S&p 500 ETF	ETF-Large Cap & Growth	0.59%	+0.07%	-0.21%
38	VEU	Vanguard Ftse All-world Ex-u	ETF-Other	0.57%	+0.07%	+6.66%
39	DFUS	Dimensional US Eq Mkt ETF	ETF-Other	0.50%	-0.47%	EXIT
40	SDY	Ss Spdr S&p Dividend ETF	ETF-Other	0.49%	—	+298.89%
41	VNQ	Vanguard Real Estate ETF	ETF-Other	0.49%	—	+20.98%
42	IJR	Ishares Core S&p Small-cap E	ETF-Small Cap	0.47%	-0.12%	+56.12%
43	IMCG	Ishares Morningstar Mid-cap	ETF-Other	0.47%	-0.03%	+54.59%
44	MSFT	Microsoft CORP	Stock-Tech	0.45%	-0.10%	+32.99%
45	NVDA	Nvidia CORP	Stock-Tech	0.42%	—	+8.14%
46	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	0.38%	—	+3.69%
47	ISCV	Ishares Morningstar Small-ca	ETF-Other	0.34%	-0.18%	+331.15%
48	VTEB	Vanguard Tax-exempt Bond ETF	ETF-Other	0.31%	—	+1.45%
49	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	0.31%	—	+13.46%
50	GOOG	Alphabet Inc-cl C	Stock-Comm Services	0.29%	—	+12.08%

1–50 of 161

Holding changes this quarter

Position changes disclosed by Black Diamond Financial, LLC for the quarter ending Q3 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	VUG	Vanguard Growth ETF	+2.2%	+92.31%	Add
2	MGK	Vanguard Mega Cap Growth ETF	+2.1%	+37.88%	Add
3	VTV	Vanguard Value ETF	+1.3%	+104.29%	Add
4	SCHG	Schwab US Large-cap Growth	+0.5%	+27.68%	Add
5	IMCV	Ishares Morningstar Mid-cap	+0.3%	+71.46%	Add
6	LIND	Lindblad Expeditions Holding	+0.2%	+13.61%	Add
7	VBK	Vanguard Small-cap Grwth ETF	+0.2%	+55.29%	Add
8	ISCV	Ishares Morningstar Small-ca	+0.2%	+331.15%	Add
9	ISCG	Ishares Morningstar Small-ca	+0.2%	+78.09%	Add
10	MGC	Vanguard Mega Cap ETF	+0.1%	+15.71%	Add
11	VOT	Vanguard Mid-cap Growth ETF	+0.1%	+31.10%	Add
12	VBR	Vanguard Small-cap Value ETF	+0.1%	+66.84%	Add
13	MA	Mastercard INC - A	+0.1%	+208.71%	Add
14	VOE	Vanguard Mid-cap Value ETF	+0.1%	+65.67%	Add
15	NVDA	Nvidia CORP	+0.1%	+8.14%	Trim
16	IMCG	Ishares Morningstar Mid-cap	+0.1%	+54.59%	Add
17	IJR	Ishares Core S&p Small-cap E	+0.1%	+56.12%	Add
18	MSFT	Microsoft CORP	+0.1%	+32.99%	Add
19	VYM	Vanguard High Dvd Yield ETF	+0.1%	-6.24%	Add
20	V	Visa Inc-class A Shares	+0.1%	+139.49%	Add
21	GOOG	Alphabet Inc-cl C	+0.1%	+12.08%	Add
22	GOOGL	Alphabet Inc-cl A	+0.1%	+33.24%	Add
23	IEMG	Ishares Core Msci Emerging	0%	+24.93%	Add
24	VTEB	Vanguard Tax-exempt Bond ETF	0%	+1.45%	Add
25	JPM	Jpmorgan Chase & Co	0%	+11.83%	Add
26	SCHF	Schwab Intl Equity ETF	—	+30.49%	Add
27	IVV	Ishares Core S&p 500 ETF	0%	+6.12%	Add
28	VTI	Vanguard Total Stock Mkt ETF	0%	+16.15%	Add
29	VEA	Vanguard Ftse Developed ETF	-0.1%	+8.24%	Add
30	VOO	Vanguard S&p 500 ETF	-0.1%	-0.21%	Add
31	VB	Vanguard Small-cap ETF	-0.1%	+8.76%	Add
32	VV	Vanguard Large-cap ETF	-0.1%	+0.01%	Trim
33	VEU	Vanguard Ftse All-world Ex-u	-0.1%	+6.66%	Trim
34	AAPL	Apple INC	-0.1%	+10.42%	Add
35	SCHM	Schwab US Mid Cap ETF	-0.1%	+3.11%	Add
36	FREL	Fidelity Msci Rl Est Indx	-0.2%	+19.72%	Add
37	IGSB	Ishares 1-5y Inv Grade CORP	-0.3%	+32.07%	Add
38	SCHO	Schwab Short-term US Treas	-0.3%	+21.65%	Add
39	VO	Vanguard Mid-cap ETF	-0.3%	+28.67%	Trim
40	SCHX	Schwab US Large-cap ETF	-0.3%	+4.78%	Trim
41	IGIB	Ishares 5-10y Inv Grade CORP	-0.4%	+19.61%	Add
42	MUB	Ishares National Muni Bond E	-0.4%	+28.09%	Add
43	SCHV	Schwab US Large-cap Value	-0.7%	+23.91%	Add
44	SPTI	Ss Spdr P Int Term Tsy ETF	-1%	+21.04%	Add
45	AGG	Ishares Core U.s. Aggregate	-1%	+22.28%	Add
46	MGV	Vanguard Mega Cap Value ETF	-1.5%	+26.66%	Add
47	SPTM	Ss Spdr P S&p 1500 Comp ETF	—	NEW	New buy
48	DFUS	Dimensional US Eq Mkt ETF	—	NEW	New buy
49	QQQ	Invesco Qqq Trust Series 1	—	EXIT	Sold out
50	CTOS	Custom Truck One Source INC	—	EXIT	Sold out