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Fee-Only Financial Planning, L.C. Quarterly 13F Portfolio Update (Q2 2026)
Fee-Only Financial Planning, L.C.CIK: 0001954044
Momentum followerLong-term holderQuality / disciplined sizing
Total reported value
$186.6M
Reporting period: 2026-06-30 · Number of holdings: 45
Fee-Only Financial Planning, L.C. disclosed 45 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $186.6M and a quarterly turnover rate of 13.7%.
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Personality snowflake
- Concentration
- 57.69
- Portfolio Stability
- 13.66
- Momentum
- 100
- Sector conviction
- 46.92
- Diversification
- 90
- Sizing Uniformity
- 76.3
Fee-Only Financial Planning, L.C.'s disclosed holdings carry a Herfindahl concentration index of 0.144 — mathematically equivalent to about 7 equally-sized positions, well below its 45 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.37), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 6.8 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 6% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd VUG
+493.5% $7.9M
Trim VTV
-2.2% $2.8M
Add VBK
-1.1% $1.8M
Trim VDE
-8.6% -$250.4K
Sold out VNQ
Trim T
0.0% -$210.4K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VUG | Vanguard Growth ETF | ETF-Other | 29.06% | +1.09% | +493.49% | |
| 2 | VTV | Vanguard Value ETF | ETF-Other | 18.77% | -0.70% | -2.24% | |
| 3 | VO | Vanguard Mid-cap ETF | ETF-Other | 8.64% | -0.11% | +296.80% | |
| 4 | VB | Vanguard Small-cap ETF | ETF-Other | 6.94% | +0.14% | -0.60% | |
| 5 | VBR | Vanguard Small-cap Value ETF | ETF-Other | 6.75% | -0.14% | -1.29% | |
| 6 | VBK | Vanguard Small-cap Grwth ETF | ETF-Other | 5.79% | +0.35% | -1.06% | |
| 7 | VEU | Vanguard Ftse All-world Ex-u | ETF-Other | 4.45% | -0.09% | -0.96% | |
| 8 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 2.54% | +0.05% | — | |
| 9 | VOE | Vanguard Mid-cap Value ETF | ETF-Other | 2.39% | -0.12% | +0.07% | |
| 10 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 1.77% | +0.04% | -0.09% | |
| 11 | VXF | Vanguard Extended Market ETF | ETF-Other | 1.39% | +0.08% | — | |
| 12 | VOT | Vanguard Mid-cap Growth ETF | ETF-Other | 1.16% | +0.06% | +0.42% | |
| 13 | BAC | Bank Of America CORP | Stock-Financials | 1.05% | +0.04% | — | |
| 14 | MGK | Vanguard Mega Cap Growth ETF | ETF-Other | 0.97% | +0.06% | +400.00% | |
| 15 | PM | Philip Morris International | Stock-Consumer Staples | 0.74% | -0.03% | — | |
| 16 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.72% | -0.06% | -6.44% | |
| 17 | VV | Vanguard Large-cap ETF | ETF-Other | 0.53% | — | -2.56% | |
| 18 | VDE | Vanguard Energy ETF | ETF-Other | 0.51% | -0.22% | -8.57% | |
| 19 | AAPL | Apple Inc | Stock-Tech | 0.43% | -0.02% | -4.47% | |
| 20 | MO | Altria Group Inc | Stock-Consumer Staples | 0.40% | -0.01% | — | |
| 21 | TFC | Truist Financial CORP | Stock-Financials | 0.38% | +0.01% | +5.64% | |
| 22 | XOM | Exxon Mobil CORP | Stock-Energy | 0.38% | -0.16% | -1.73% | |
| 23 | AEP | American Electric Power | Stock-Utilities | 0.34% | -0.04% | -2.10% | |
| 24 | GE | General Electric | Stock-Industrials | 0.30% | +0.03% | -3.20% | |
| 25 | SO | Southern Co/the | Stock-Utilities | 0.28% | -0.06% | -5.96% | |
| 26 | T | At&t Inc | Stock-Comm Services | 0.28% | -0.16% | — | |
| 27 | GEV | GE Vernova Inc | Stock-Industrials | 0.26% | +0.03% | -4.61% | |
| 28 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.24% | -0.01% | — | |
| 29 | MSFT | Microsoft CORP | Stock-Tech | 0.24% | -0.02% | — | |
| 30 | MDLZ | Mondelez International Inc-a | Stock-Consumer Staples | 0.18% | -0.03% | — | |
| 31 | RDVY | First Trust Rising Dividend | ETF-Other | 0.18% | +0.01% | — | |
| 32 | AZO | Autozone Inc | Stock-Consumer Disc | 0.17% | -0.03% | — | |
| 33 | D | Dominion Energy Inc | Stock-Utilities | 0.16% | — | -2.28% | |
| 34 | IJK | Ishares S&p Mid-cap 400 Grow | ETF-Other | 0.15% | -0.01% | -3.91% | |
| 35 | ADBE | Adobe Inc | Stock-Tech | 0.15% | -0.06% | — | |
| 36 | SCZ | Ishares Msci Eafe Small-cap | ETF-Other | 0.15% | -0.01% | — | |
| 37 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.14% | -0.01% | — | |
| 38 | WBD | Warner Bros Discovery Inc | Stock-Comm Services | 0.14% | -0.02% | — | |
| 39 | FENY | Fidelity Msci Energy Index | ETF-Large Cap & Growth | 0.14% | -0.05% | -3.77% | |
| 40 | IJT | Ishares S&p Small-cap 600 Gr | ETF-Other | 0.13% | +0.13% | NEW | |
| 41 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.12% | +0.12% | NEW | |
| 42 | VXUS | Vanguard Total Intl Stock | ETF-Other | 0.12% | — | — | |
| 43 | IJS | Ishares S&p Small-cap 600 Va | ETF-Other | 0.12% | +0.12% | NEW | |
| 44 | IJJ | Ishares S&p Mid-cap 400 Valu | ETF-Other | 0.11% | +0.11% | NEW | |
| 45 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.11% | +0.11% | NEW |
Portfolio Performance
Performance for Q3 2026
+4.2%
Performance Last 4 Quarters
+21.2%
- Stdev
- +12.5%
- Beta
- +0.86
- Alpha
- +0.3%
- Max Drawdown
- -9.2%
- Annualized Perf
- +18.2%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +2.64
- Stutzer
- +0.41
- Treynor
- +0.2
- Sterling
- +1.12
- Calmar
- +1.97
- Information Ratio
- -0.41
- Tracking Error
- +6%
- Stdev Down
- +6.7%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +33.1%
- Worst 12 Months
- +5.5%
- Efficiency Ratio
- +0.56
- Sharpe
- +1.4
- Stdev Sectors
- +7.1%
- Skewness
- -0.28
- Kurtosis
- -0.56
- Upside Potential
- +4.24
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 45 | $186.6M | 14 | ||
| 2026 Q1 | 43 | $165.7M | 6 | ||
| 2025 Q4 | 42 | $171.5M | 2 | ||
| 2025 Q3 | 42 | $171.4M | 16 | ||
| 2025 Q2 | 41 | $161.5M | 0 | ||
| 2025 Q1 | 41 | $146.5M | 0 | ||
| 2024 Q4 | 40 | $154.8M | 0 | ||
| 2024 Q3 | 40 | $156.1M | 0 | ||
| 2024 Q2 | 40 | $148.5M | 0 | ||
| 2024 Q1 | 41 | $148.2M | 0 | ||
| 2023 Q4 | 41 | $138.5M | 0 | ||
| 2023 Q3 | 40 | $124.1M | 0 | ||
| 2023 Q2 | 43 | $131.0M | — | ||
| 2023 Q1 | 42 | $123.1M | — | ||
| 2022 Q4 | 40 | $119.4M | 0 |
Holding changes this quarter
Fee-Only Financial Planning, L.C.'s most significant position changes for 2026-06-30: Sold out: Vanguard Real Estate ETF (VNQ); New buy: Ishares S&p Small-cap 600 Gr (IJT); New buy: Invesco Qqq Trust Series 1 (QQQ); Sold out: Comcast Corp-class A (CMCSA); New buy: Ishares S&p Small-cap 600 Va (IJS).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VUG | Vanguard Growth ETF | +1.1% | +493.49% | Add |
| 2 | VBK | Vanguard Small-cap Grwth ETF | +0.4% | -1.06% | Trim |
| 3 | VB | Vanguard Small-cap ETF | +0.1% | -0.60% | Trim |
| 4 | IJT | Ishares S&p Small-cap 600 Gr | +0.1% | NEW | New buy |
| 5 | QQQ | Invesco Qqq Trust Series 1 | +0.1% | NEW | New buy |
| 6 | IJS | Ishares S&p Small-cap 600 Va | +0.1% | NEW | New buy |
| 7 | IJJ | Ishares S&p Mid-cap 400 Valu | +0.1% | NEW | New buy |
| 8 | NSC | Norfolk Southern CORP | +0.1% | NEW | New buy |
| 9 | VXF | Vanguard Extended Market ETF | +0.1% | — | Unchanged |
| 10 | VOT | Vanguard Mid-cap Growth ETF | +0.1% | +0.42% | Add |
| 11 | MGK | Vanguard Mega Cap Growth ETF | +0.1% | +400.00% | Add |
| 12 | VOO | Vanguard S&p 500 ETF | +0.1% | — | Unchanged |
| 13 | VTI | Vanguard Total Stock Mkt ETF | 0% | -0.09% | Trim |
| 14 | BAC | Bank Of America CORP | 0% | — | Unchanged |
| 15 | GE | General Electric | 0% | -3.20% | Trim |
| 16 | GEV | GE Vernova Inc | 0% | -4.61% | Trim |
| 17 | TFC | Truist Financial CORP | 0% | +5.64% | Add |
| 18 | RDVY | First Trust Rising Dividend | 0% | — | Unchanged |
| 19 | VV | Vanguard Large-cap ETF | — | -2.56% | Trim |
| 20 | VXUS | Vanguard Total Intl Stock | — | — | Unchanged |
| 21 | D | Dominion Energy Inc | — | -2.28% | Trim |
| 22 | MO | Altria Group Inc | 0% | — | Unchanged |
| 23 | VWO | Vanguard Ftse Emerging Marke | 0% | — | Unchanged |
| 24 | IJK | Ishares S&p Mid-cap 400 Grow | 0% | -3.91% | Trim |
| 25 | SCZ | Ishares Msci Eafe Small-cap | 0% | — | Unchanged |
| 26 | JNJ | Johnson & Johnson | 0% | — | Unchanged |
| 27 | AAPL | Apple Inc | 0% | -4.47% | Trim |
| 28 | WBD | Warner Bros Discovery Inc | 0% | — | Unchanged |
| 29 | MSFT | Microsoft CORP | 0% | — | Unchanged |
| 30 | PM | Philip Morris International | 0% | — | Unchanged |
| 31 | AZO | Autozone Inc | 0% | — | Unchanged |
| 32 | MDLZ | Mondelez International Inc-a | 0% | — | Unchanged |
| 33 | AEP | American Electric Power | 0% | -2.10% | Trim |
| 34 | FENY | Fidelity Msci Energy Index | -0.1% | -3.77% | Trim |
| 35 | ADBE | Adobe Inc | -0.1% | — | Unchanged |
| 36 | VEA | Vanguard Ftse Developed ETF | -0.1% | -6.44% | Trim |
| 37 | SO | Southern Co/the | -0.1% | -5.96% | Trim |
| 38 | VEU | Vanguard Ftse All-world Ex-u | -0.1% | -0.96% | Trim |
| 39 | VO | Vanguard Mid-cap ETF | -0.1% | +296.80% | Add |
| 40 | VOE | Vanguard Mid-cap Value ETF | -0.1% | +0.07% | Add |
| 41 | ED | Consolidated Edison Inc | -0.1% | EXIT | Sold out |
| 42 | VBR | Vanguard Small-cap Value ETF | -0.1% | -1.29% | Trim |
| 43 | CMCSA | Comcast Corp-class A | -0.1% | EXIT | Sold out |
| 44 | T | At&t Inc | -0.2% | — | Unchanged |
| 45 | XOM | Exxon Mobil CORP | -0.2% | -1.73% | Trim |
| 46 | VNQ | Vanguard Real Estate ETF | -0.2% | EXIT | Sold out |
| 47 | VDE | Vanguard Energy ETF | -0.2% | -8.57% | Trim |
| 48 | VTV | Vanguard Value ETF | -0.7% | -2.24% | Trim |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Filing History
FAQ
What is Fee-Only Financial Planning, L.C. and what type of investor is it?
Fee-Only Financial Planning, L.C. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $186.6M, spread across 45 disclosed positions.
What are Fee-Only Financial Planning, L.C.'s largest equity positions?
Based on the latest 13F filing, Fee-Only Financial Planning, L.C.'s top holdings by market value are:
1. Vanguard Growth ETF (VUG) — $54.2M (29.1%)
2. Vanguard Value ETF (VTV) — $35.0M (18.8%)
3. Vanguard Mid-cap ETF (VO) — $16.1M (8.6%)
4. Vanguard Small-cap ETF (VB) — $13.0M (6.9%)
5. Vanguard Small-cap Value ETF (VBR) — $12.6M (6.8%)
What changes did Fee-Only Financial Planning, L.C. make in its most recent portfolio filing?
In the latest reported quarter, Fee-Only Financial Planning, L.C. made 32 notable position adjustments: 5 new positions were initiated, 6 existing holdings were added to, 18 positions were partially reduced, and 3 were completely exited. The largest of these moves: Sold out: Vanguard Real Estate ETF (VNQ); New buy: Ishares S&p Small-cap 600 Gr (IJT); New buy: Invesco Qqq Trust Series 1 (QQQ); Sold out: Comcast Corp-class A (CMCSA); New buy: Ishares S&p Small-cap 600 Va (IJS)
What sectors does Fee-Only Financial Planning, L.C. focus on?
Fee-Only Financial Planning, L.C. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 23.3%
• Consumer Staples: 21.6%
• Information Technology: 13.3%
• Utilities: 12.7%
• Industrials: 10.9%
• Communication Services: 6.9%
Investment Profile
Fee-Only Financial Planning, L.C. returned an annualized 18.2% over the trailing 36 months — outperforming the S&P 500 by 0.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.86 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is moderately concentrated and long-term-holding.
It has added to its VTV position over the past two quarters (+$3.2M, now $35.0M), while trimming ADBE over the same stretch (-$203.7K, still holding $288.1K).
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Developer Access
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