Black Diamond Financial, LLC — Q4 2025 13F Holdings

Name: Black Diamond Financial, LLC — 13F Holdings, Q4 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	11.56%	+0.10%	+2.22%
2	MGK	Vanguard Mega Cap Growth ETF	ETF-Other	9.59%	-1.23%	-0.47%
3	VUG	Vanguard Growth ETF	ETF-Other	4.73%	-1.50%	-1.97%
4	AGG	Ishares Core U.s. Aggregate	ETF-Other	4.49%	+0.38%	+8.17%
5	SPTI	Ss Spdr P Int Term Tsy ETF	ETF-Other	4.31%	+0.34%	+6.53%
6	SCHV	Schwab US Large-cap Value	ETF-Other	4.26%	+0.44%	+7.08%
7	SCHG	Schwab US Large-cap Growth	ETF-Other	4.03%	-0.02%	+4.63%
8	MGC	Vanguard Mega Cap ETF	ETF-Other	2.99%	-0.10%	-0.12%
9	SCHF	Schwab Intl Equity ETF	ETF-Other	2.75%	+0.28%	+11.58%
10	VTV	Vanguard Value ETF	ETF-Other	2.71%	-0.78%	+3.95%
11	VOT	Vanguard Mid-cap Growth ETF	ETF-Other	2.46%	-0.13%	+6.54%
12	IGIB	Ishares 5-10y Inv Grade CORP	ETF-Corp Bonds	2.27%	+0.15%	+5.38%
13	SCHX	Schwab US Large-cap ETF	ETF-Other	2.26%	-0.06%	-0.93%
14	FREL	Fidelity Msci Rl Est Indx	ETF-Other	2.13%	+0.30%	+10.91%
15	IMCV	Ishares Morningstar Mid-cap	ETF-Other	1.93%	—	+17.22%
16	SCHO	Schwab Short-term US Treas	ETF-Other	1.79%	+0.12%	+21.68%
17	IGSB	Ishares 1-5y Inv Grade CORP	ETF-Other	1.70%	+0.24%	+10.04%
18	MUB	Ishares National Muni Bond E	ETF-Other	1.69%	+0.26%	+0.32%
19	LIND	Lindblad Expeditions Holding	Stock-Other	1.62%	+0.40%	—
20	VBR	Vanguard Small-cap Value ETF	ETF-Other	1.61%	+0.15%	+5.04%
21	VO	Vanguard Mid-cap ETF	ETF-Other	1.32%	—	-0.97%
22	ISCG	Ishares Morningstar Small-ca	ETF-Other	1.23%	-0.18%	+10.25%
23	VEA	Vanguard Ftse Developed ETF	ETF-Other	1.19%	+0.11%	+2.71%
24	IEMG	Ishares Core Msci Emerging	ETF-Emerging Markets	1.11%	+0.17%	+7.25%
25	AAPL	Apple INC	Stock-Tech	1.01%	—	+12.47%
26	VB	Vanguard Small-cap ETF	ETF-Other	0.99%	—	-0.65%
27	VBK	Vanguard Small-cap Grwth ETF	ETF-Other	0.85%	-0.01%	+1.33%
28	SCHM	Schwab US Mid Cap ETF	ETF-Other	0.85%	—	-3.60%
29	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	0.84%	—	+8.16%
30	SCHA	Schwab US Small-cap ETF	ETF-Other	0.72%	—	-3.48%
31	VOO	Vanguard S&p 500 ETF	ETF-Large Cap & Growth	0.70%	+0.07%	+22.36%
32	VOE	Vanguard Mid-cap Value ETF	ETF-Other	0.69%	-0.07%	+2.68%
33	SPTM	Ss Spdr P S&p 1500 Comp ETF	ETF-Other	0.68%	-0.68%	EXIT
34	RSP	Invesco S&p 500 Equal Weight	ETF-Large Cap & Growth	0.68%	+0.15%	-11.61%
35	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	0.66%	—	+0.51%
36	VV	Vanguard Large-cap ETF	ETF-Other	0.64%	—	-3.22%
37	VCSH	Vanguard S/t CORP Bond ETF	ETF-Corp Bonds	0.62%	-0.03%	-4.37%
38	VEU	Vanguard Ftse All-world Ex-u	ETF-Other	0.55%	+0.07%	-0.12%
39	MSFT	Microsoft CORP	Stock-Tech	0.53%	-0.10%	+33.73%
40	DFUS	Dimensional US Eq Mkt ETF	ETF-Other	0.47%	-0.47%	EXIT
41	VNQ	Vanguard Real Estate ETF	ETF-Other	0.46%	—	+3.13%
42	IJR	Ishares Core S&p Small-cap E	ETF-Small Cap	0.43%	-0.12%	-3.65%
43	SDY	Ss Spdr S&p Dividend ETF	ETF-Other	0.42%	—	-9.12%
44	IMCG	Ishares Morningstar Mid-cap	ETF-Other	0.40%	-0.03%	-6.57%
45	GOOG	Alphabet Inc-cl C	Stock-Comm Services	0.38%	—	+8.32%
46	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	0.37%	—	+0.08%
47	NVDA	Nvidia CORP	Stock-Tech	0.36%	—	-8.86%
48	ISCV	Ishares Morningstar Small-ca	ETF-Other	0.33%	-0.18%	+1.42%
49	JPM	Jpmorgan Chase & Co	Stock-Financials	0.32%	—	+13.70%
50	AMZN	Amazon.com INC	Stock-Consumer Disc	0.32%	—	+15.15%

1–50 of 176

Holding changes this quarter

Position changes disclosed by Black Diamond Financial, LLC for the quarter ending Q4 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	IMCV	Ishares Morningstar Mid-cap	+0.2%	+17.22%	Add
2	SCHO	Schwab Short-term US Treas	+0.2%	+21.68%	Add
3	SCHF	Schwab Intl Equity ETF	+0.2%	+11.58%	Add
4	AAPL	Apple INC	+0.1%	+12.47%	Add
5	VOO	Vanguard S&p 500 ETF	+0.1%	+22.36%	Add
6	GOOGL	Alphabet Inc-cl A	+0.1%	+32.23%	Add
7	SCHV	Schwab US Large-cap Value	+0.1%	+7.08%	Add
8	LIND	Lindblad Expeditions Holding	+0.1%	—	Unchanged
9	GOOG	Alphabet Inc-cl C	+0.1%	+8.32%	Add
10	IWF	Ishares Russell 1000 Growth	+0.1%	+202.45%	Add
11	MSFT	Microsoft CORP	+0.1%	+33.73%	Add
12	VIG	Vanguard Dividend Apprec ETF	+0.1%	+62.32%	Add
13	VGT	Vanguard Info Tech ETF	+0.1%	+55.80%	Add
14	VFH	Vanguard Financials ETF	+0.1%	+190.48%	Add
15	ISCG	Ishares Morningstar Small-ca	+0.1%	+10.25%	Add
16	AGG	Ishares Core U.s. Aggregate	+0.1%	+8.17%	Add
17	IGSB	Ishares 1-5y Inv Grade CORP	+0.1%	+10.04%	Add
18	AMZN	Amazon.com INC	0%	+15.15%	Add
19	SCHG	Schwab US Large-cap Growth	0%	+4.63%	Add
20	IEMG	Ishares Core Msci Emerging	0%	+7.25%	Add
21	VTI	Vanguard Total Stock Mkt ETF	0%	+8.16%	Add
22	JPM	Jpmorgan Chase & Co	0%	+13.70%	Add
23	V	Visa Inc-class A Shares	0%	+22.04%	Add
24	CEG	Constellation Energy	0%	+12.51%	Add
25	FREL	Fidelity Msci Rl Est Indx	0%	+10.91%	Add
26	VEA	Vanguard Ftse Developed ETF	0%	+2.71%	Add
27	SPTI	Ss Spdr P Int Term Tsy ETF	—	+6.53%	Add
28	VTV	Vanguard Value ETF	—	+3.95%	Add
29	VBR	Vanguard Small-cap Value ETF	—	+5.04%	Add
30	IGIB	Ishares 5-10y Inv Grade CORP	0%	+5.38%	Add
31	CORT	Corcept Therapeutics INC	-0.1%	-19.48%	Trim
32	IBM	Intl Business Machines CORP	-0.1%	-67.82%	Trim
33	VTEB	Vanguard Tax-exempt Bond ETF	-0.1%	-17.13%	Trim
34	NVDA	Nvidia CORP	-0.1%	-8.86%	Trim
35	LLY	Eli Lilly & Co	-0.1%	-43.45%	Trim
36	SDY	Ss Spdr S&p Dividend ETF	-0.1%	-9.12%	Trim
37	IMCG	Ishares Morningstar Mid-cap	-0.1%	-6.57%	Trim
38	MGC	Vanguard Mega Cap ETF	-0.1%	-0.12%	Trim
39	RSP	Invesco S&p 500 Equal Weight	-0.1%	-11.61%	Trim
40	MGV	Vanguard Mega Cap Value ETF	-0.2%	+2.22%	Add
41	MGK	Vanguard Mega Cap Growth ETF	-0.4%	-0.47%	Trim
42	BBHL	Bbh Select Large Cap ETF	—	NEW	New buy
43	SMH	Vaneck Semiconductor ETF	—	NEW	New buy
44	VONG	Vanguard Russell 1000 Growth	—	NEW	New buy
45	XAR	Ss Spdr S&p Aerospace Def	—	NEW	New buy
46	SMRI	Bushido Cap US Equity ETF	—	NEW	New buy
47	TPLC	Timothy Pln US Lrg/mid Cap	—	NEW	New buy
48	MLPA	Global X Mlp ETF	—	NEW	New buy
49	MU	Micron Technology INC	—	NEW	New buy
50	MSTR	Strategy INC	—	EXIT	Sold out