CIK: 0001776290
Total reported value
$2.9B
Reporting period: 2026-03-31 · Number of holdings: 367
Zhang Financial LLC disclosed 367 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $2.9B and a quarterly turnover rate of 11.8%.
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Zhang Financial LLC's disclosed holdings carry a Herfindahl concentration index of 0.030 — mathematically equivalent to about 33 equally-sized positions, well below its 367 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 3.17), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 16% 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.
Add AGG
+97.1% $43.7M
Add VCRB
+119.9% $22.0M
Add BIV
+24.3% $27.5M
Trim VTI
+2.8% -$2.9M
Trim DFAC
-1.8% -$4.7M
Add BND
+30.0% $15.0M
Showing top 200 holdings (of 367 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 6.74% | — | +5.00% | |
| 2 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 6.25% | -0.60% | +2.83% | |
| 3 | DFUS | Dimensional US Eq Mkt ETF | ETF-Other | 6.21% | — | +4.79% | |
| 4 | ITOT | Ishares Core S&p Total U.s. | ETF-Other | 5.82% | -0.01% | +12.37% | |
| 5 | VXUS | Vanguard Total Intl Stock | ETF-Other | 5.55% | +0.26% | +10.76% | |
| 6 | BIV | Vanguard Intermediate-term B | ETF-Other | 5.04% | +0.63% | +24.34% | |
| 7 | DFAC | Dimensional US Core Equity 2 | ETF-Other | 4.38% | -0.52% | -1.75% | |
| 8 | VT | Vanguard Tot World Stk ETF | ETF-Other | 3.46% | -0.31% | +0.96% | |
| 9 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 3.08% | +1.38% | +97.09% | |
| 10 | DFAI | Dimensional International Co | ETF-Other | 2.48% | -0.11% | +1.03% | |
| 11 | BND | Vanguard Total Bond Market | ETF-Other | 2.29% | +0.38% | +30.02% | |
| 12 | AAPL | Apple INC | Stock-Tech | 1.98% | -0.22% | +4.32% | |
| 13 | VBR | Vanguard Small-cap Value ETF | ETF-Other | 1.70% | -0.09% | -0.14% | |
| 14 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 1.69% | +0.01% | +4.98% | |
| 15 | IAU | Ishares Gold Trust | ETF-Commodities | 1.41% | -0.02% | -2.04% | |
| 16 | VCRB | Vanguard Core Bond ETF | ETF-Other | 1.41% | +0.72% | +119.94% | |
| 17 | AVDE | Avantis International Equity | ETF-Other | 1.33% | +0.10% | +12.46% | |
| 18 | BKLC | Bny Mellon US Lrg Cap Cor | ETF-Other | 1.31% | -0.21% | -2.87% | |
| 19 | SYK | Stryker CORP | Stock-Healthcare | 1.18% | -0.27% | -5.93% | |
| 20 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 1.12% | -0.02% | +7.16% | |
| 21 | DFAU | Dimensional US Core Equity M | ETF-Other | 1.11% | — | +5.24% | |
| 22 | MSFT | Microsoft CORP | Stock-Tech | 0.94% | -0.29% | +8.13% | |
| 23 | VUG | Vanguard Growth ETF | ETF-Other | 0.94% | +0.02% | +21.94% | |
| 24 | VO | Vanguard Mid-cap ETF | ETF-Other | 0.93% | — | +1.75% | |
| 25 | AVUS | Avantis U.s. Equity ETF | ETF-Other | 0.93% | +0.04% | +13.74% | |
| 26 | NVDA | Nvidia CORP | Stock-Tech | 0.91% | — | +3.69% | |
| 27 | DFSV | Dimensional US Small Cap Val | ETF-Small Cap | 0.85% | +0.07% | +10.54% | |
| 28 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.79% | +0.06% | +13.23% | |
| 29 | SPTM | Ss Spdr P S&p 1500 Comp ETF | ETF-Other | 0.77% | — | +7.43% | |
| 30 | VOOV | Vanguard S&p 500 Value ETF | ETF-Large Cap & Growth | 0.76% | — | +4.31% | |
| 31 | AVUV | Avantis US Small Cap Value | ETF-Small Cap | 0.68% | +0.06% | +8.53% | |
| 32 | IWN | Ishares Russell 2000 Value E | ETF-Small Cap | 0.65% | — | -0.70% | |
| 33 | MGK | Vanguard Mega Cap Growth ETF | ETF-Other | 0.65% | -0.11% | +3.94% | |
| 34 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.63% | — | +8.64% | |
| 35 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.61% | — | +3.48% | |
| 36 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.58% | — | +13.78% | |
| 37 | SCHB | Schwab US Broad Market ETF | ETF-Other | 0.58% | — | +2.77% | |
| 38 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.57% | +0.04% | +21.36% | |
| 39 | SCHF | Schwab Intl Equity ETF | ETF-Other | 0.50% | +0.04% | +12.35% | |
| 40 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.45% | — | +3.95% | |
| 41 | VTV | Vanguard Value ETF | ETF-Other | 0.45% | — | +1.49% | |
| 42 | IBIT | Ishares Bitcoin Trust ETF | ETF-Crypto | 0.44% | -0.17% | +1.57% | |
| 43 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.43% | — | +0.13% | |
| 44 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.40% | — | +17.25% | |
| 45 | MUB | Ishares National Muni Bond E | ETF-Other | 0.37% | +0.16% | +88.87% | |
| 46 | MU | Micron Technology INC | Stock-Tech | 0.36% | — | -8.27% | |
| 47 | AVGO | Broadcom INC | Stock-Tech | 0.36% | +0.06% | +41.38% | |
| 48 | SPMD | Ss Spdr P S&p 400 Midcap ETF | ETF-Other | 0.35% | — | -2.46% | |
| 49 | VGUS | Vanguard Ultra Shrt Treasury | ETF-Gov Bonds | 0.32% | +0.26% | +473.17% | |
| 50 | GLDM | Spdr Gold Minishares Trust | ETF-Commodities | 0.31% | — | -0.30% |
Performance for Q3 2026
+3.2%
Performance Last 4 Quarters
+20.1%
Based on 74% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 367 | $2.9B | 12 | |
| 2025-12-31 | 339 | $2.7B | 11 | |
| 2025-09-30 | 316 | $2.5B | 27 | |
| 2025-06-30 | 291 | $2.2B | 0 | |
| 2025-03-31 | 301 | $1.9B | 100 | |
| 2024-12-31 | 295 | $1.7B | 0 | |
| 2024-09-30 | 276 | $1.6B | 0 | |
| 2024-06-30 | 267 | $1.4B | 0 | |
| 2024-03-31 | 266 | $1.3B | 0 | |
| 2023-12-31 | 254 | $1.2B | 0 | |
| 2023-09-30 | 232 | $986.7M | 0 | |
| 2023-06-30 | 247 | $974.6M | 0 | |
| 2023-03-31 | 229 | $875.6M | 0 | |
| 2022-12-31 | 227 | $784.2M | 0 | |
| 2022-09-30 | 217 | $663.3M | 0 | |
| 2022-06-30 | 215 | $623.2M | 0 | |
| 2022-03-31 | 218 | $592.3M | 0 | |
| 2021-12-31 | 207 | $564.2M | 0 | |
| 2021-09-30 | 165 | $432.4M | 0 | |
| 2021-06-30 | 143 | $407.6M | 100 | |
| 2021-03-31 | 128 | $372.8M | 16 | |
| 2020-12-31 | 110 | $324.6M | 17 | |
| 2020-09-30 | 97 | $277.5M | 9 | |
| 2020-06-30 | 92 | $259.4M | 15 | |
| 2020-03-31 | 90 | $226.0M | 24 | |
| 2019-12-31 | 102 | $262.4M | 12 | |
| 2019-09-30 | 87 | $236.7M | 6 | |
| 2019-06-30 | 90 | $239.0M | 8 | |
| 2019-03-31 | 86 | $232.3M | 13 | |
| 2018-12-31 | 82 | $207.1M | 15 | |
| 2018-09-30 | 78 | $209.5M | 11 | |
| 2018-06-30 | 76 | $196.4M | 7 | |
| 2018-03-31 | 77 | $191.2M | 9 | |
| 2017-12-31 | 82 | $204.9M | 6 | |
| 2017-09-30 | 81 | $196.7M | 7 | |
| 2017-06-30 | 77 | $188.2M | 10 | |
| 2017-03-31 | 79 | $200.9M | 15 | |
| 2016-12-31 | 76 | $184.4M | 6 | |
| 2016-09-30 | 74 | $182.2M | 5 | |
| 2016-06-30 | 75 | $182.1M | 5 | |
| 2016-03-31 | 71 | $177.1M | 10 | |
| 2015-12-31 | 71 | $166.9M | 11 | |
| 2015-09-30 | 67 | $157.0M | 17 | |
| 2015-06-30 | 67 | $155.6M | 5 | |
| 2015-03-31 | 67 | $159.9M | 7 | |
| 2014-12-31 | 66 | $153.7M | 10 | |
| 2014-09-30 | 63 | $146.4M | 7 | |
| 2014-06-30 | 61 | $148.7M | 7 | |
| 2014-03-31 | 54 | $139.3M | 5 | |
| 2013-12-31 | 52 | $132.4M | 7 | |
| 2013-09-30 | 50 | $124.0M | 7 | |
| 2013-06-30 | 49 | $116.4M | 5 |
Zhang Financial LLC's most significant position changes for 2026-03-31: New buy: American Express Co (AXP); New buy: Vanguard 0-3m T-bill ETF (VBIL); New buy: Conocophillips (COP); Sold out: Lci Industries (LCII); Add: Ishares Core U.s. Aggregate (AGG) — shares +97.09%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AGG | Ishares Core U.s. Aggregate | +1.4% | +97.09% | Add |
| 2 | VCRB | Vanguard Core Bond ETF | +0.7% | +119.94% | Add |
| 3 | BIV | Vanguard Intermediate-term B | +0.6% | +24.34% | Add |
| 4 | BND | Vanguard Total Bond Market | +0.4% | +30.02% | Add |
| 5 | VXUS | Vanguard Total Intl Stock | +0.3% | +10.76% | Add |
| 6 | VGUS | Vanguard Ultra Shrt Treasury | +0.3% | +473.17% | Add |
| 7 | MUB | Ishares National Muni Bond E | +0.2% | +88.87% | Add |
| 8 | AVDE | Avantis International Equity | +0.1% | +12.46% | Add |
| 9 | DFSV | Dimensional US Small Cap Val | +0.1% | +10.54% | Add |
| 10 | VEA | Vanguard Ftse Developed ETF | +0.1% | +13.23% | Add |
| 11 | AVUV | Avantis US Small Cap Value | +0.1% | +8.53% | Add |
| 12 | AVGO | Broadcom INC | +0.1% | +41.38% | Add |
| 13 | SPAB | Ss Spdr P Agg Bond ETF | +0.1% | +32.41% | Add |
| 14 | CAT | Caterpillar INC | +0.1% | +8.16% | Add |
| 15 | XOM | Exxon Mobil CORP | +0.1% | +2.16% | Add |
| 16 | JNJ | Johnson & Johnson | +0.1% | +35.32% | Add |
| 17 | AMD | Advanced Micro Devices | +0.1% | +495.11% | Add |
| 18 | AVUS | Avantis U.s. Equity ETF | 0% | +13.74% | Add |
| 19 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | +21.36% | Add |
| 20 | SCHF | Schwab Intl Equity ETF | 0% | +12.35% | Add |
| 21 | VONV | Vanguard Russell 1000 Value | 0% | +32.05% | Add |
| 22 | JPM | Jpmorgan Chase & Co | 0% | +28.45% | Add |
| 23 | VUG | Vanguard Growth ETF | 0% | +21.94% | Add |
| 24 | AMGN | Amgen INC | 0% | +9.58% | Add |
| 25 | GS | Goldman Sachs Group INC | 0% | +23.89% | Add |
| 26 | KLAC | Kla CORP | 0% | -2.05% | Trim |
| 27 | ADBE | Adobe INC | 0% | +121.13% | Add |
| 28 | VYM | Vanguard High Dvd Yield ETF | 0% | +4.98% | Add |
| 29 | ITOT | Ishares Core S&p Total U.s. | 0% | +12.37% | Add |
| 30 | IAU | Ishares Gold Trust | 0% | -2.04% | Trim |
| 31 | VCSH | Vanguard S/t CORP Bond ETF | 0% | +7.16% | Add |
| 32 | ICSH | Ishares Ultra Short Duration | -0.1% | -32.45% | Trim |
| 33 | XLF | Ss Financial Select Sector | -0.1% | -35.74% | Trim |
| 34 | APO | Apollo Global Management INC | -0.1% | -34.67% | Trim |
| 35 | VBR | Vanguard Small-cap Value ETF | -0.1% | -0.14% | Trim |
| 36 | DFAI | Dimensional International Co | -0.1% | +1.03% | Add |
| 37 | MGK | Vanguard Mega Cap Growth ETF | -0.1% | +3.94% | Add |
| 38 | SGOV | Ishares 0-3 Month Treasury B | -0.1% | -55.99% | Trim |
| 39 | IBIT | Ishares Bitcoin Trust ETF | -0.2% | +1.57% | Add |
| 40 | BKLC | Bny Mellon US Lrg Cap Cor | -0.2% | -2.87% | Trim |
| 41 | AAPL | Apple INC | -0.2% | +4.32% | Add |
| 42 | SYK | Stryker CORP | -0.3% | -5.93% | Trim |
| 43 | MSFT | Microsoft CORP | -0.3% | +8.13% | Add |
| 44 | VT | Vanguard Tot World Stk ETF | -0.3% | +0.96% | Add |
| 45 | DFAC | Dimensional US Core Equity 2 | -0.5% | -1.75% | Trim |
| 46 | VTI | Vanguard Total Stock Mkt ETF | -0.6% | +2.83% | Add |
| 47 | AXP | American Express Co | — | NEW | New buy |
| 48 | VBIL | Vanguard 0-3m T-bill ETF | — | NEW | New buy |
| 49 | COP | Conocophillips | — | NEW | New buy |
| 50 | LCII | Lci Industries | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-06 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-10 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-10 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-01 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-16 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-15 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-19 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-24 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-31 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-11 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-18 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-11 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-05-17 | Amendment | View on EDGAR |
| 2022-12-31 | 2023-01-17 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-18 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-14 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-04-21 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-10 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-10-20 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-26 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-04-21 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-01-20 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-10-13 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-23 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-06 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-01-21 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-10-17 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-24 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-14 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-05-16 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2019-05-24 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2019-05-24 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2019-05-24 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2019-05-23 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2019-05-24 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2019-05-23 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2019-05-23 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2019-05-28 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2019-05-28 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2019-05-28 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2019-05-28 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2019-05-28 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2019-05-24 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2019-05-24 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2019-05-29 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2019-05-31 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2019-05-31 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2019-05-31 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2019-05-31 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2019-05-31 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2019-05-31 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2019-05-31 | 13F-HR | View on EDGAR |
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