Salvus Wealth Management, LLC 13F Disclosure & Portfolio Data

CIK: 0001809236

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$178.5M

Reporting period: 2026-06-30 · Number of holdings: 125

Salvus Wealth Management, LLC disclosed 125 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $178.5M and a quarterly turnover rate of 23.1%.

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Personality snowflake

Concentration: 7.07
Portfolio Stability: 23.08
Momentum/Contrarian: 100
Sector conviction: 55.77
Diversification: 100
Sizing Uniformity: 88.96

Salvus Wealth Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.018 — mathematically equivalent to about 57 equally-sized positions, well below its 125 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.

Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.10), suggesting a disciplined, rules-based approach to how much capital goes into each idea.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Trim GBIL
-50.8%　-$2.7M
Trim ADI
-69.4%　-$2.7M
Add AMAT
-8.4%　$2.7M
Trim IBP
-35.0%　-$2.0M
Add STX
+5.9%　$2.2M
New buy SUNB

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	4.54%	—	-3.56%
2	GOOG	Alphabet Inc-cl C	Stock-Comm Services	3.95%	+0.42%	-5.75%
3	ASTS	Ast Spacemobile INC	Stock-Tech	3.50%	—	-8.20%
4	SCHW	Schwab (charles) CORP	Stock-Financials	3.49%	-0.43%	-5.70%
5	AAPL	Apple INC	Stock-Tech	3.25%	+0.21%	-2.53%
6	AMAT	Applied Materials INC	Stock-Tech	3.17%	+1.47%	-8.38%
7	NVDA	Nvidia CORP	Stock-Tech	2.83%	+0.35%	+3.29%
8	PGR	Progressive CORP	Stock-Financials	2.78%	—	-6.38%
9	SGI	Somnigroup International INC	Stock-Consumer Disc	2.45%	—	-4.50%
10	BKNG	Booking Holdings INC	Stock-Consumer Disc	2.28%	—	+2336.85%
11	AXP	American Express Co	Stock-Financials	2.18%	+0.08%	-3.80%
12	THO	Thor Industries INC	Stock-Consumer Disc	2.12%	-0.33%	-4.25%
13	STX	Seagate Technology Holdings plc	Stock-Tech	1.95%	+1.17%	+5.89%
14	MSFT	Microsoft CORP	Stock-Tech	1.89%	—	-3.40%
15	ANET	Arista Networks INC	Stock-Tech	1.79%	+0.37%	-5.40%
16	FND	Floor & Decor Holdings Inc-a	Stock-Consumer Disc	1.75%	+0.13%	-3.94%
17	BN	Brookfield CORP	Stock-Financials	1.64%	—	-8.21%
18	ABG	Asbury Automotive Group	Stock-Consumer Disc	1.49%	—	-3.70%
19	IBP	Installed Building Products	Stock-Consumer Disc	1.46%	-1.22%	-34.99%
20	MKL	Markel Group INC	Stock-Financials	1.45%	—	-7.99%
21	GBIL	Goldman Sachs Access Treasur	ETF-Commodities	1.45%	-1.60%	-50.78%
22	AWI	Armstrong World Industries	Stock-Industrials	1.36%	+0.26%	+31.81%
23	GLW	Corning INC	Stock-Tech	1.33%	+0.36%	-24.62%
24	LLY	Eli Lilly & Co	Stock-Healthcare	1.27%	+0.22%	-3.81%
25	EL	Estee Lauder Companies-cl A	Stock-Consumer Staples	1.27%	—	-6.57%
26	INTC	Intel CORP	Stock-Tech	1.26%	+0.85%	+1.80%
27	NVR	Nvr INC	Stock-Consumer Disc	1.23%	—	-4.46%
28	JNJ	Johnson & Johnson	Stock-Healthcare	1.13%	—	-1.88%
29	MC	Moelis & Co - Class A	Stock-Financials	1.09%	—	-4.07%
30	NSC	Norfolk Southern CORP	Stock-Industrials	1.04%	—	-5.09%
31	KNSL	Kinsale Capital Group INC	Stock-Financials	1.03%	—	+1.78%
32	SUNB	Sunbelt Rentals Holdings INC	Stock-Industrials	1.02%	+1.02%	NEW
33	AMZN	Amazon.com INC	Stock-Consumer Disc	0.96%	+0.13%	+4.90%
34	ORLY	O'reilly Automotive INC	Stock-Consumer Disc	0.96%	—	-8.19%
35	ADI	Analog Devices INC	Stock-Tech	0.92%	-1.59%	-69.45%
36	AON	Aon plc	Stock-Financials	0.92%	-0.34%	-26.53%
37	BLK	Blackrock INC	Stock-Financials	0.86%	—	-3.79%
38	APD	Air Products & Chemicals INC	Stock-Materials	0.85%	—	+10.53%
39	CVX	Chevron CORP	Stock-Energy	0.77%	-0.26%	-2.97%
40	CSCO	Cisco Systems INC	Stock-Tech	0.74%	+0.18%	-10.17%
41	CINF	Cincinnati Financial CORP	Stock-Financials	0.74%	+0.09%	+0.20%
42	L	Loews CORP	Stock-Financials	0.71%	—	+0.45%
43	AMT	American Tower CORP	Stock-Real Estate	0.71%	—	-1.79%
44	D	Dominion Energy INC	Stock-Utilities	0.70%	—	-10.67%
45	VZ	Verizon Communications INC	Stock-Comm Services	0.70%	—	+22.65%
46	CMI	Cummins INC	Stock-Industrials	0.68%	—	-10.93%
47	TXN	Texas Instruments INC	Stock-Tech	0.68%	+0.09%	-22.35%
48	MO	Altria Group INC	Stock-Consumer Staples	0.66%	—	-1.60%
49	AVGO	Broadcom INC	Stock-Tech	0.66%	—	-9.77%
50	PM	Philip Morris International	Stock-Consumer Staples	0.65%	—	-10.97%

1–50 of 125

Portfolio Performance

Performance for Q3 2026

+1.2%

Performance Last 4 Quarters

+11.5%

Based on 75% of reported portfolio value with available pricing

Stdev: +16%
Beta: +1.08
Alpha: -6%
Max Drawdown: -10.9%
Annualized Perf: +13.5%
Batting Avg vs S&P: +36.1%
Sortino: +1.53
Stutzer: +0.25
Treynor: +0.13
Sterling: +0.67
Calmar: +1.24
Information Ratio: -0.59
Tracking Error: +7.6%
Stdev Down: +9.1%
Winning Months %: +58.3%
Losing Months %: +41.7%
Best 12 Months: +35.9%
Worst 12 Months: +3.8%
Efficiency Ratio: +0.32
Sharpe: +0.87
Stdev Sectors: +9.3%
Skewness: -0.15
Kurtosis: -0.95
Upside Potential: +3.37

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-06-30	125	$178.5M	23	1BRK-B 2GOOG 3ASTS Top holdings2026-06-30 1.BRK-B 2.GOOG 3.ASTS 4.SCHW 5.AAPL 6.AMAT 7.NVDA 8.PGR 9.SGI 10.BKNG
2026-03-31	126	$172.0M	22	1BRK-B 2SCHW 3ASTS Top holdings2026-03-31 1.BRK-B 2.SCHW 3.ASTS 4.GOOG 5.GBIL 6.AAPL 7.PGR 8.IBP 9.ADI 10.SGI
2025-12-31	136	$178.8M	18	1BRK-B 2SCHW 3ASTS Top holdings2025-12-31 1.BRK-B 2.SCHW 3.ASTS 4.GOOG 5.AAPL 6.PGR 7.THO 8.SGI 9.ADI 10.BKNG
2025-09-30	133	$179.0M	26	1BRK-B 2SCHW 3PGR Top holdings2025-09-30 1.BRK-B 2.SCHW 3.PGR 4.AAPL 5.THO 6.GOOG 7.ASTS 8.BKNG 9.SGI 10.ADI
2025-06-30	126	$171.3M	0	1BRK-B 2SCHW 3PGR Top holdings2025-06-30 1.BRK-B 2.SCHW 3.PGR 4.BKNG 5.AXP 6.SGI 7.ASTS 8.THO 9.AAPL 10.ADI
2025-03-31	121	$159.5M	100	1BRK-B 2PGR 3GOOG Top holdings2025-03-31 1.BRK-B 2.PGR 3.GOOG 4.SCHW 5.AAPL 6.SGI 7.AXP 8.BKNG 9.FISV 10.ADI
2024-12-31	118	$156.8M	0	1BRK-B 2GOOG 3AAPL Top holdings2024-12-31 1.BRK-B 2.GOOG 3.AAPL 4.AXP 5.PGR 6.SCHW 7.BKNG 8.SGI 9.ADI 10.THO
2024-09-30	115	$162.9M	0	1BRK-B 2GOOG 3PGR Top holdings2024-09-30 1.BRK-B 2.GOOG 3.PGR 4.AAPL 5.AXP 6.BKNG 7.SCHW 8.ADI 9.FND 10.SGI
2024-06-30	110	$145.7M	0	1GOOG 2BRK-B 3PGR Top holdings2024-06-30 1.GOOG 2.BRK-B 3.PGR 4.SCHW 5.BKNG 6.AXP 7.AAPL 8.ADI 9.MSFT 10.SGI
2024-03-31	106	$146.4M	0	1BRK-B 2GOOG 3PGR Top holdings2024-03-31 1.BRK-B 2.GOOG 3.PGR 4.SCHW 5.EL 6.BKNG 7.AXP 8.SGI 9.FND 10.THO
2023-12-31	108	$140.6M	0	1GOOG 2BRK-B 3EL Top holdings2023-12-31 1.GOOG 2.BRK-B 3.EL 4.SCHW 5.PGR 6.BKNG 7.FND 8.THO 9.SGI 10.AAPL
2023-09-30	103	$126.3M	0	1GOOG 2BRK-B 3EL Top holdings2023-09-30 1.GOOG 2.BRK-B 3.EL 4.PGR 5.BKNG 6.FND 7.AAPL 8.ADI 9.SGI 10.THO
2023-06-30	102	$130.0M	0	1EL 2GOOG 3BRK-B Top holdings2023-06-30 1.EL 2.GOOG 3.BRK-B 4.FND 5.AAPL 6.ADI 7.BKNG 8.THO 9.AXP 10.NVR
2023-03-31	104	$123.6M	0	1EL 2GOOG 3BRK-B Top holdings2023-03-31 1.EL 2.GOOG 3.BRK-B 4.FND 5.ADI 6.BKNG 7.AAPL 8.PGR 9.SGI 10.NVR
2022-12-31	95	$109.0M	0	1EL 2BRK-B 3GOOG Top holdings2022-12-31 1.EL 2.BRK-B 3.GOOG 4.ADI 5.PGR 6.CMCSA 7.SCHW 8.BKNG 9.SGI 10.AAPL
2022-09-30	98	$105.0M	0	1EL 2GOOG 3BRK-B Top holdings2022-09-30 1.EL 2.GOOG 3.BRK-B 4.BAM 5.AAPL 6.FND 7.PGR 8.ADI 9.KMX 10.SCHW
2022-06-30	98	$111.7M	0	1EL 2GOOG 3PGR Top holdings2022-06-30 1.EL 2.GOOG 3.PGR 4.BRK-B 5.BAM 6.KMX 7.CMCSA 8.AAPL 9.THO 10.AXP
2022-03-31	97	$130.9M	0	1EL 2GOOG 3BRK-B Top holdings2022-03-31 1.EL 2.GOOG 3.BRK-B 4.PGR 5.BAM 6.CMCSA 7.KMX 8.AAPL 9.AXP 10.SCHW
2021-12-31	102	$136.8M	0	1EL 2GOOG 3BRK-B Top holdings2021-12-31 1.EL 2.GOOG 3.BRK-B 4.BAM 5.PGR 6.CMCSA 7.KMX 8.AAPL 9.NVR 10.THO
2021-09-30	102	$122.5M	0	1EL 2GOOG 3BRK-B Top holdings2021-09-30 1.EL 2.GOOG 3.BRK-B 4.BAM 5.CMCSA 6.PGR 7.KMX 8.THO 9.AXP 10.AAPL
2021-06-30	95	$118.6M	100	1EL 2GOOG 3BRK-B Top holdings2021-06-30 1.EL 2.GOOG 3.BRK-B 4.BAM 5.CMCSA 6.PGR 7.KMX 8.HXL 9.AXP 10.NVR
2021-03-31	84	$107.1M	17	1EL 2BRK-B 3GOOG Top holdings2021-03-31 1.EL 2.BRK-B 3.GOOG 4.CMCSA 5.BAM 6.PGR 7.KMX 8.SGI 9.HXL 10.AXP
2020-12-31	81	$92.5M	—	1EL 2BRK-B 3GOOG Top holdings2020-12-31 1.EL 2.BRK-B 3.GOOG 4.CMCSA 5.PGR 6.BAM 7.KMX 8.HXL 9.SGI 10.AAPL

Holding changes this quarter

Salvus Wealth Management, LLC's most significant position changes for 2026-06-30: New buy: Sunbelt Rentals Holdings INC (SUNB); Sold out: Nu Holdings Ltd. (NU); New buy: Republic Services INC (RSG); New buy: Rayonier INC (RYN); Sold out: Honeywell International INC (HON).

Position changes disclosed by Salvus Wealth Management, LLC for the quarter ending 2026-06-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	AMAT	Applied Materials INC	+1.5%	-8.38%	Trim
2	STX	Seagate Technology Holdings plc	+1.2%	+5.89%	Add
3	SUNB	Sunbelt Rentals Holdings INC	+1%	NEW	New buy
4	INTC	Intel CORP	+0.9%	+1.80%	Add
5	MU	Micron Technology INC	+0.5%	+11.11%	Add
6	RSG	Republic Services INC	+0.4%	NEW	New buy
7	GOOG	Alphabet Inc-cl C	+0.4%	-5.75%	Trim
8	RYN	Rayonier INC	+0.4%	NEW	New buy
9	ANET	Arista Networks INC	+0.4%	-5.40%	Trim
10	GLW	Corning INC	+0.4%	-24.62%	Trim
11	NVDA	Nvidia CORP	+0.4%	+3.29%	Add
12	NEE	Nextera Energy INC	+0.3%	NEW	New buy
13	AWI	Armstrong World Industries	+0.3%	+31.81%	Add
14	DELL	Dell Technologies -c	+0.3%	NEW	New buy
15	GE	General Electric	+0.2%	NEW	New buy
16	LLY	Eli Lilly & Co	+0.2%	-3.81%	Trim
17	AAPL	Apple INC	+0.2%	-2.53%	Trim
18	HUBB	Hubbell INC	+0.2%	+113.04%	Add
19	CSCO	Cisco Systems INC	+0.2%	-10.17%	Trim
20	GEV	GE Vernova INC	+0.2%	NEW	New buy
21	UL	Unilever Plc-sponsored Adr	+0.2%	+29.63%	Add
22	CRWD	Crowdstrike Holdings INC - A	+0.2%	NEW	New buy
23	FND	Floor & Decor Holdings Inc-a	+0.1%	-3.94%	Trim
24	AMZN	Amazon.com INC	+0.1%	+4.90%	Add
25	UNH	Unitedhealth Group INC	+0.1%	-9.05%	Trim
26	KLAC	Kla CORP	+0.1%	+900.00%	Add
27	LRCX	Lam Research CORP	+0.1%	-11.76%	Trim
28	CINF	Cincinnati Financial CORP	+0.1%	+0.20%	Add
29	TXN	Texas Instruments INC	+0.1%	-22.35%	Trim
30	AXP	American Express Co	+0.1%	-3.80%	Trim
31	WDC	Western Digital CORP	-0.1%	EXIT	Sold out
32	CSGP	Costar Group INC	-0.1%	-12.33%	Trim
33	CCOI	Cogent Communications Holdin	-0.2%	-8.19%	Trim
34	SNPS	Synopsys INC	-0.2%	EXIT	Sold out
35	SYY	Sysco CORP	-0.2%	EXIT	Sold out
36	SHEN	Shenandoah Telecommunication	-0.2%	EXIT	Sold out
37	AEM	Agnico Eagle Mines LTD	-0.2%	-18.25%	Trim
38	NOC	Northrop Grumman CORP	-0.2%	-10.28%	Trim
39	ACN	Accenture plc	-0.2%	EXIT	Sold out
40	CVX	Chevron CORP	-0.3%	-2.97%	Trim
41	TEL	TE Connectivity plc	-0.3%	-45.29%	Trim
42	ZTS	Zoetis INC	-0.3%	EXIT	Sold out
43	THO	Thor Industries INC	-0.3%	-4.25%	Trim
44	HON	Honeywell International INC	-0.3%	EXIT	Sold out
45	AON	Aon plc	-0.3%	-26.53%	Trim
46	SCHW	Schwab (charles) CORP	-0.4%	-5.70%	Trim
47	NU	Nu Holdings Ltd.	-0.6%	EXIT	Sold out
48	IBP	Installed Building Products	-1.2%	-34.99%	Trim
49	ADI	Analog Devices INC	-1.6%	-69.45%	Trim
50	GBIL	Goldman Sachs Access Treasur	-1.6%	-50.78%	Trim

Filing History

Period	Filed	Type	EDGAR
2026-06-30	2026-07-10	13F-HR	View on EDGAR
2026-03-31	2026-04-10	13F-HR	View on EDGAR
2025-12-31	2026-01-12	13F-HR	View on EDGAR
2025-09-30	2025-10-14	13F-HR	View on EDGAR
2025-06-30	2025-07-14	13F-HR	View on EDGAR
2025-03-31	2025-04-10	13F-HR	View on EDGAR
2024-12-31	2025-01-15	13F-HR	View on EDGAR
2024-09-30	2024-10-07	13F-HR	View on EDGAR
2024-06-30	2024-07-17	13F-HR	View on EDGAR
2024-03-31	2024-04-12	13F-HR	View on EDGAR
2023-12-31	2024-01-09	13F-HR	View on EDGAR
2023-09-30	2023-10-11	13F-HR	View on EDGAR
2023-06-30	2023-07-14	13F-HR	View on EDGAR
2023-03-31	2023-04-11	13F-HR	View on EDGAR
2022-12-31	2023-01-19	13F-HR	View on EDGAR
2022-09-30	2022-10-12	13F-HR	View on EDGAR
2022-06-30	2022-07-11	13F-HR	View on EDGAR
2022-03-31	2022-04-11	13F-HR	View on EDGAR
2021-12-31	2022-01-19	13F-HR	View on EDGAR
2021-09-30	2021-10-05	13F-HR	View on EDGAR
2021-06-30	2021-07-09	13F-HR	View on EDGAR
2021-03-31	2021-04-09	13F-HR	View on EDGAR
2020-12-31	2021-01-15	13F-HR	View on EDGAR

FAQ

What is Salvus Wealth Management, LLC and what type of investor is it?

Salvus Wealth Management, LLC is a 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 $178.5M, spread across 125 disclosed positions.

What are Salvus Wealth Management, LLC's largest equity positions?

Based on the latest 13F filing, Salvus Wealth Management, LLC's top holdings by market value are: 1. Berkshire Hathaway Inc-cl B (BRK-B) — $8.1M (4.5%) 2. Alphabet Inc-cl C (GOOG) — $7.1M (4.0%) 3. Ast Spacemobile INC (ASTS) — $6.3M (3.5%) 4. Schwab (charles) CORP (SCHW) — $6.2M (3.5%) 5. Apple INC (AAPL) — $5.8M (3.3%)

What changes did Salvus Wealth Management, LLC make in its most recent portfolio filing?

In the latest reported quarter, Salvus Wealth Management, LLC made 50 notable position adjustments: 8 new positions were initiated, 10 existing holdings were added to, 24 positions were partially reduced, and 8 were completely exited. The largest of these moves: New buy: Sunbelt Rentals Holdings INC (SUNB); Sold out: Nu Holdings Ltd. (NU); New buy: Republic Services INC (RSG); New buy: Rayonier INC (RYN); Sold out: Honeywell International INC (HON)

What sectors does Salvus Wealth Management, LLC focus on?

Salvus Wealth Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 30.4% • Financials: 21.1% • Consumer Discretionary: 18.4% • Industrials: 7.8% • Communication Services: 6.5% • Health Care: 4.4%

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Salvus Wealth Management, LLC 13F Disclosure & Portfolio Data

CIK: 0001809236

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$178.5M

Reporting period: 2026-06-30 · Number of holdings: 125

Salvus Wealth Management, LLC disclosed 125 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $178.5M and a quarterly turnover rate of 23.1%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "S"

Personality snowflake

Concentration: 7.07
Portfolio Stability: 23.08
Momentum/Contrarian: 100
Sector conviction: 55.77
Diversification: 100
Sizing Uniformity: 88.96

Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.10), suggesting a disciplined, rules-based approach to how much capital goes into each idea.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Trim GBIL
-50.8%　-$2.7M
Trim ADI
-69.4%　-$2.7M
Add AMAT
-8.4%　$2.7M
Trim IBP
-35.0%　-$2.0M
Add STX
+5.9%　$2.2M
New buy SUNB

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	4.54%	—	-3.56%
2	GOOG	Alphabet Inc-cl C	Stock-Comm Services	3.95%	+0.42%	-5.75%
3	ASTS	Ast Spacemobile INC	Stock-Tech	3.50%	—	-8.20%
4	SCHW	Schwab (charles) CORP	Stock-Financials	3.49%	-0.43%	-5.70%
5	AAPL	Apple INC	Stock-Tech	3.25%	+0.21%	-2.53%
6	AMAT	Applied Materials INC	Stock-Tech	3.17%	+1.47%	-8.38%
7	NVDA	Nvidia CORP	Stock-Tech	2.83%	+0.35%	+3.29%
8	PGR	Progressive CORP	Stock-Financials	2.78%	—	-6.38%
9	SGI	Somnigroup International INC	Stock-Consumer Disc	2.45%	—	-4.50%
10	BKNG	Booking Holdings INC	Stock-Consumer Disc	2.28%	—	+2336.85%
11	AXP	American Express Co	Stock-Financials	2.18%	+0.08%	-3.80%
12	THO	Thor Industries INC	Stock-Consumer Disc	2.12%	-0.33%	-4.25%
13	STX	Seagate Technology Holdings plc	Stock-Tech	1.95%	+1.17%	+5.89%
14	MSFT	Microsoft CORP	Stock-Tech	1.89%	—	-3.40%
15	ANET	Arista Networks INC	Stock-Tech	1.79%	+0.37%	-5.40%
16	FND	Floor & Decor Holdings Inc-a	Stock-Consumer Disc	1.75%	+0.13%	-3.94%
17	BN	Brookfield CORP	Stock-Financials	1.64%	—	-8.21%
18	ABG	Asbury Automotive Group	Stock-Consumer Disc	1.49%	—	-3.70%
19	IBP	Installed Building Products	Stock-Consumer Disc	1.46%	-1.22%	-34.99%
20	MKL	Markel Group INC	Stock-Financials	1.45%	—	-7.99%
21	GBIL	Goldman Sachs Access Treasur	ETF-Commodities	1.45%	-1.60%	-50.78%
22	AWI	Armstrong World Industries	Stock-Industrials	1.36%	+0.26%	+31.81%
23	GLW	Corning INC	Stock-Tech	1.33%	+0.36%	-24.62%
24	LLY	Eli Lilly & Co	Stock-Healthcare	1.27%	+0.22%	-3.81%
25	EL	Estee Lauder Companies-cl A	Stock-Consumer Staples	1.27%	—	-6.57%
26	INTC	Intel CORP	Stock-Tech	1.26%	+0.85%	+1.80%
27	NVR	Nvr INC	Stock-Consumer Disc	1.23%	—	-4.46%
28	JNJ	Johnson & Johnson	Stock-Healthcare	1.13%	—	-1.88%
29	MC	Moelis & Co - Class A	Stock-Financials	1.09%	—	-4.07%
30	NSC	Norfolk Southern CORP	Stock-Industrials	1.04%	—	-5.09%
31	KNSL	Kinsale Capital Group INC	Stock-Financials	1.03%	—	+1.78%
32	SUNB	Sunbelt Rentals Holdings INC	Stock-Industrials	1.02%	+1.02%	NEW
33	AMZN	Amazon.com INC	Stock-Consumer Disc	0.96%	+0.13%	+4.90%
34	ORLY	O'reilly Automotive INC	Stock-Consumer Disc	0.96%	—	-8.19%
35	ADI	Analog Devices INC	Stock-Tech	0.92%	-1.59%	-69.45%
36	AON	Aon plc	Stock-Financials	0.92%	-0.34%	-26.53%
37	BLK	Blackrock INC	Stock-Financials	0.86%	—	-3.79%
38	APD	Air Products & Chemicals INC	Stock-Materials	0.85%	—	+10.53%
39	CVX	Chevron CORP	Stock-Energy	0.77%	-0.26%	-2.97%
40	CSCO	Cisco Systems INC	Stock-Tech	0.74%	+0.18%	-10.17%
41	CINF	Cincinnati Financial CORP	Stock-Financials	0.74%	+0.09%	+0.20%
42	L	Loews CORP	Stock-Financials	0.71%	—	+0.45%
43	AMT	American Tower CORP	Stock-Real Estate	0.71%	—	-1.79%
44	D	Dominion Energy INC	Stock-Utilities	0.70%	—	-10.67%
45	VZ	Verizon Communications INC	Stock-Comm Services	0.70%	—	+22.65%
46	CMI	Cummins INC	Stock-Industrials	0.68%	—	-10.93%
47	TXN	Texas Instruments INC	Stock-Tech	0.68%	+0.09%	-22.35%
48	MO	Altria Group INC	Stock-Consumer Staples	0.66%	—	-1.60%
49	AVGO	Broadcom INC	Stock-Tech	0.66%	—	-9.77%
50	PM	Philip Morris International	Stock-Consumer Staples	0.65%	—	-10.97%

1–50 of 125

Portfolio Performance

Performance for Q3 2026

+1.2%

Performance Last 4 Quarters

+11.5%

Based on 75% of reported portfolio value with available pricing

Stdev: +16%
Beta: +1.08
Alpha: -6%
Max Drawdown: -10.9%
Annualized Perf: +13.5%
Batting Avg vs S&P: +36.1%
Sortino: +1.53
Stutzer: +0.25
Treynor: +0.13
Sterling: +0.67
Calmar: +1.24
Information Ratio: -0.59
Tracking Error: +7.6%
Stdev Down: +9.1%
Winning Months %: +58.3%
Losing Months %: +41.7%
Best 12 Months: +35.9%
Worst 12 Months: +3.8%
Efficiency Ratio: +0.32
Sharpe: +0.87
Stdev Sectors: +9.3%
Skewness: -0.15
Kurtosis: -0.95
Upside Potential: +3.37

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-06-30	125	$178.5M	23	1BRK-B 2GOOG 3ASTS Top holdings2026-06-30 1.BRK-B 2.GOOG 3.ASTS 4.SCHW 5.AAPL 6.AMAT 7.NVDA 8.PGR 9.SGI 10.BKNG
2026-03-31	126	$172.0M	22	1BRK-B 2SCHW 3ASTS Top holdings2026-03-31 1.BRK-B 2.SCHW 3.ASTS 4.GOOG 5.GBIL 6.AAPL 7.PGR 8.IBP 9.ADI 10.SGI
2025-12-31	136	$178.8M	18	1BRK-B 2SCHW 3ASTS Top holdings2025-12-31 1.BRK-B 2.SCHW 3.ASTS 4.GOOG 5.AAPL 6.PGR 7.THO 8.SGI 9.ADI 10.BKNG
2025-09-30	133	$179.0M	26	1BRK-B 2SCHW 3PGR Top holdings2025-09-30 1.BRK-B 2.SCHW 3.PGR 4.AAPL 5.THO 6.GOOG 7.ASTS 8.BKNG 9.SGI 10.ADI
2025-06-30	126	$171.3M	0	1BRK-B 2SCHW 3PGR Top holdings2025-06-30 1.BRK-B 2.SCHW 3.PGR 4.BKNG 5.AXP 6.SGI 7.ASTS 8.THO 9.AAPL 10.ADI
2025-03-31	121	$159.5M	100	1BRK-B 2PGR 3GOOG Top holdings2025-03-31 1.BRK-B 2.PGR 3.GOOG 4.SCHW 5.AAPL 6.SGI 7.AXP 8.BKNG 9.FISV 10.ADI
2024-12-31	118	$156.8M	0	1BRK-B 2GOOG 3AAPL Top holdings2024-12-31 1.BRK-B 2.GOOG 3.AAPL 4.AXP 5.PGR 6.SCHW 7.BKNG 8.SGI 9.ADI 10.THO
2024-09-30	115	$162.9M	0	1BRK-B 2GOOG 3PGR Top holdings2024-09-30 1.BRK-B 2.GOOG 3.PGR 4.AAPL 5.AXP 6.BKNG 7.SCHW 8.ADI 9.FND 10.SGI
2024-06-30	110	$145.7M	0	1GOOG 2BRK-B 3PGR Top holdings2024-06-30 1.GOOG 2.BRK-B 3.PGR 4.SCHW 5.BKNG 6.AXP 7.AAPL 8.ADI 9.MSFT 10.SGI
2024-03-31	106	$146.4M	0	1BRK-B 2GOOG 3PGR Top holdings2024-03-31 1.BRK-B 2.GOOG 3.PGR 4.SCHW 5.EL 6.BKNG 7.AXP 8.SGI 9.FND 10.THO
2023-12-31	108	$140.6M	0	1GOOG 2BRK-B 3EL Top holdings2023-12-31 1.GOOG 2.BRK-B 3.EL 4.SCHW 5.PGR 6.BKNG 7.FND 8.THO 9.SGI 10.AAPL
2023-09-30	103	$126.3M	0	1GOOG 2BRK-B 3EL Top holdings2023-09-30 1.GOOG 2.BRK-B 3.EL 4.PGR 5.BKNG 6.FND 7.AAPL 8.ADI 9.SGI 10.THO
2023-06-30	102	$130.0M	0	1EL 2GOOG 3BRK-B Top holdings2023-06-30 1.EL 2.GOOG 3.BRK-B 4.FND 5.AAPL 6.ADI 7.BKNG 8.THO 9.AXP 10.NVR
2023-03-31	104	$123.6M	0	1EL 2GOOG 3BRK-B Top holdings2023-03-31 1.EL 2.GOOG 3.BRK-B 4.FND 5.ADI 6.BKNG 7.AAPL 8.PGR 9.SGI 10.NVR
2022-12-31	95	$109.0M	0	1EL 2BRK-B 3GOOG Top holdings2022-12-31 1.EL 2.BRK-B 3.GOOG 4.ADI 5.PGR 6.CMCSA 7.SCHW 8.BKNG 9.SGI 10.AAPL
2022-09-30	98	$105.0M	0	1EL 2GOOG 3BRK-B Top holdings2022-09-30 1.EL 2.GOOG 3.BRK-B 4.BAM 5.AAPL 6.FND 7.PGR 8.ADI 9.KMX 10.SCHW
2022-06-30	98	$111.7M	0	1EL 2GOOG 3PGR Top holdings2022-06-30 1.EL 2.GOOG 3.PGR 4.BRK-B 5.BAM 6.KMX 7.CMCSA 8.AAPL 9.THO 10.AXP
2022-03-31	97	$130.9M	0	1EL 2GOOG 3BRK-B Top holdings2022-03-31 1.EL 2.GOOG 3.BRK-B 4.PGR 5.BAM 6.CMCSA 7.KMX 8.AAPL 9.AXP 10.SCHW
2021-12-31	102	$136.8M	0	1EL 2GOOG 3BRK-B Top holdings2021-12-31 1.EL 2.GOOG 3.BRK-B 4.BAM 5.PGR 6.CMCSA 7.KMX 8.AAPL 9.NVR 10.THO
2021-09-30	102	$122.5M	0	1EL 2GOOG 3BRK-B Top holdings2021-09-30 1.EL 2.GOOG 3.BRK-B 4.BAM 5.CMCSA 6.PGR 7.KMX 8.THO 9.AXP 10.AAPL
2021-06-30	95	$118.6M	100	1EL 2GOOG 3BRK-B Top holdings2021-06-30 1.EL 2.GOOG 3.BRK-B 4.BAM 5.CMCSA 6.PGR 7.KMX 8.HXL 9.AXP 10.NVR
2021-03-31	84	$107.1M	17	1EL 2BRK-B 3GOOG Top holdings2021-03-31 1.EL 2.BRK-B 3.GOOG 4.CMCSA 5.BAM 6.PGR 7.KMX 8.SGI 9.HXL 10.AXP
2020-12-31	81	$92.5M	—	1EL 2BRK-B 3GOOG Top holdings2020-12-31 1.EL 2.BRK-B 3.GOOG 4.CMCSA 5.PGR 6.BAM 7.KMX 8.HXL 9.SGI 10.AAPL

Holding changes this quarter

Position changes disclosed by Salvus Wealth Management, LLC for the quarter ending 2026-06-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	AMAT	Applied Materials INC	+1.5%	-8.38%	Trim
2	STX	Seagate Technology Holdings plc	+1.2%	+5.89%	Add
3	SUNB	Sunbelt Rentals Holdings INC	+1%	NEW	New buy
4	INTC	Intel CORP	+0.9%	+1.80%	Add
5	MU	Micron Technology INC	+0.5%	+11.11%	Add
6	RSG	Republic Services INC	+0.4%	NEW	New buy
7	GOOG	Alphabet Inc-cl C	+0.4%	-5.75%	Trim
8	RYN	Rayonier INC	+0.4%	NEW	New buy
9	ANET	Arista Networks INC	+0.4%	-5.40%	Trim
10	GLW	Corning INC	+0.4%	-24.62%	Trim
11	NVDA	Nvidia CORP	+0.4%	+3.29%	Add
12	NEE	Nextera Energy INC	+0.3%	NEW	New buy
13	AWI	Armstrong World Industries	+0.3%	+31.81%	Add
14	DELL	Dell Technologies -c	+0.3%	NEW	New buy
15	GE	General Electric	+0.2%	NEW	New buy
16	LLY	Eli Lilly & Co	+0.2%	-3.81%	Trim
17	AAPL	Apple INC	+0.2%	-2.53%	Trim
18	HUBB	Hubbell INC	+0.2%	+113.04%	Add
19	CSCO	Cisco Systems INC	+0.2%	-10.17%	Trim
20	GEV	GE Vernova INC	+0.2%	NEW	New buy
21	UL	Unilever Plc-sponsored Adr	+0.2%	+29.63%	Add
22	CRWD	Crowdstrike Holdings INC - A	+0.2%	NEW	New buy
23	FND	Floor & Decor Holdings Inc-a	+0.1%	-3.94%	Trim
24	AMZN	Amazon.com INC	+0.1%	+4.90%	Add
25	UNH	Unitedhealth Group INC	+0.1%	-9.05%	Trim
26	KLAC	Kla CORP	+0.1%	+900.00%	Add
27	LRCX	Lam Research CORP	+0.1%	-11.76%	Trim
28	CINF	Cincinnati Financial CORP	+0.1%	+0.20%	Add
29	TXN	Texas Instruments INC	+0.1%	-22.35%	Trim
30	AXP	American Express Co	+0.1%	-3.80%	Trim
31	WDC	Western Digital CORP	-0.1%	EXIT	Sold out
32	CSGP	Costar Group INC	-0.1%	-12.33%	Trim
33	CCOI	Cogent Communications Holdin	-0.2%	-8.19%	Trim
34	SNPS	Synopsys INC	-0.2%	EXIT	Sold out
35	SYY	Sysco CORP	-0.2%	EXIT	Sold out
36	SHEN	Shenandoah Telecommunication	-0.2%	EXIT	Sold out
37	AEM	Agnico Eagle Mines LTD	-0.2%	-18.25%	Trim
38	NOC	Northrop Grumman CORP	-0.2%	-10.28%	Trim
39	ACN	Accenture plc	-0.2%	EXIT	Sold out
40	CVX	Chevron CORP	-0.3%	-2.97%	Trim
41	TEL	TE Connectivity plc	-0.3%	-45.29%	Trim
42	ZTS	Zoetis INC	-0.3%	EXIT	Sold out
43	THO	Thor Industries INC	-0.3%	-4.25%	Trim
44	HON	Honeywell International INC	-0.3%	EXIT	Sold out
45	AON	Aon plc	-0.3%	-26.53%	Trim
46	SCHW	Schwab (charles) CORP	-0.4%	-5.70%	Trim
47	NU	Nu Holdings Ltd.	-0.6%	EXIT	Sold out
48	IBP	Installed Building Products	-1.2%	-34.99%	Trim
49	ADI	Analog Devices INC	-1.6%	-69.45%	Trim
50	GBIL	Goldman Sachs Access Treasur	-1.6%	-50.78%	Trim

Filing History

Period	Filed	Type	EDGAR
2026-06-30	2026-07-10	13F-HR	View on EDGAR
2026-03-31	2026-04-10	13F-HR	View on EDGAR
2025-12-31	2026-01-12	13F-HR	View on EDGAR
2025-09-30	2025-10-14	13F-HR	View on EDGAR
2025-06-30	2025-07-14	13F-HR	View on EDGAR
2025-03-31	2025-04-10	13F-HR	View on EDGAR
2024-12-31	2025-01-15	13F-HR	View on EDGAR
2024-09-30	2024-10-07	13F-HR	View on EDGAR
2024-06-30	2024-07-17	13F-HR	View on EDGAR
2024-03-31	2024-04-12	13F-HR	View on EDGAR
2023-12-31	2024-01-09	13F-HR	View on EDGAR
2023-09-30	2023-10-11	13F-HR	View on EDGAR
2023-06-30	2023-07-14	13F-HR	View on EDGAR
2023-03-31	2023-04-11	13F-HR	View on EDGAR
2022-12-31	2023-01-19	13F-HR	View on EDGAR
2022-09-30	2022-10-12	13F-HR	View on EDGAR
2022-06-30	2022-07-11	13F-HR	View on EDGAR
2022-03-31	2022-04-11	13F-HR	View on EDGAR
2021-12-31	2022-01-19	13F-HR	View on EDGAR
2021-09-30	2021-10-05	13F-HR	View on EDGAR
2021-06-30	2021-07-09	13F-HR	View on EDGAR
2021-03-31	2021-04-09	13F-HR	View on EDGAR
2020-12-31	2021-01-15	13F-HR	View on EDGAR