ZF

Zhang Financial LLC

Diversified strategyMomentum followerLong-term holder

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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Personality snowflake

Concentration
12.02
Portfolio Stability
11.81
Momentum/Contrarian
100
Sector conviction
61.78
Diversification
100
Sizing Uniformity
68.29

Recent moves

  • 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

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1VOOVanguard S&p 500 ETFETF-Large Cap & Growth6.74%—+5.00%
2VTIVanguard Total Stock Mkt ETFETF-Other6.25%-0.60%+2.83%
3DFUSDimensional US Eq Mkt ETFETF-Other6.21%—+4.79%
4ITOTIshares Core S&p Total U.s.ETF-Other5.82%-0.01%+12.37%
5VXUSVanguard Total Intl StockETF-Other5.55%+0.26%+10.76%
6BIVVanguard Intermediate-term BETF-Other5.04%+0.63%+24.34%
7DFACDimensional US Core Equity 2ETF-Other4.38%-0.52%-1.75%
8VTVanguard Tot World Stk ETFETF-Other3.46%-0.31%+0.96%
9AGGIshares Core U.s. AggregateETF-Other3.08%+1.38%+97.09%
10DFAIDimensional International CoETF-Other2.48%-0.11%+1.03%
11BNDVanguard Total Bond MarketETF-Other2.29%+0.38%+30.02%
12AAPLApple INCStock-Tech1.98%-0.22%+4.32%
13VBRVanguard Small-cap Value ETFETF-Other1.70%-0.09%-0.14%
14VYMVanguard High Dvd Yield ETFETF-Other1.69%+0.01%+4.98%
15IAUIshares Gold TrustETF-Commodities1.41%-0.02%-2.04%
16VCRBVanguard Core Bond ETFETF-Other1.41%+0.72%+119.94%
17AVDEAvantis International EquityETF-Other1.33%+0.10%+12.46%
18BKLCBny Mellon US Lrg Cap CorETF-Other1.31%-0.21%-2.87%
19SYKStryker CORPStock-Healthcare1.18%-0.27%-5.93%
20VCSHVanguard S/t CORP Bond ETFETF-Corp Bonds1.12%-0.02%+7.16%
21DFAUDimensional US Core Equity METF-Other1.11%—+5.24%
22MSFTMicrosoft CORPStock-Tech0.94%-0.29%+8.13%
23VUGVanguard Growth ETFETF-Other0.94%+0.02%+21.94%
24VOVanguard Mid-cap ETFETF-Other0.93%—+1.75%
25AVUSAvantis U.s. Equity ETFETF-Other0.93%+0.04%+13.74%
26NVDANvidia CORPStock-Tech0.91%—+3.69%
27DFSVDimensional US Small Cap ValETF-Small Cap0.85%+0.07%+10.54%
28VEAVanguard Ftse Developed ETFETF-Other0.79%+0.06%+13.23%
29SPTMSs Spdr P S&p 1500 Comp ETFETF-Other0.77%—+7.43%
30VOOVVanguard S&p 500 Value ETFETF-Large Cap & Growth0.76%—+4.31%
31AVUVAvantis US Small Cap ValueETF-Small Cap0.68%+0.06%+8.53%
32IWNIshares Russell 2000 Value EETF-Small Cap0.65%—-0.70%
33MGKVanguard Mega Cap Growth ETFETF-Other0.65%-0.11%+3.94%
34IVVIshares Core S&p 500 ETFETF-Large Cap & Growth0.63%—+8.64%
35GOOGLAlphabet Inc-cl AStock-Comm Services0.61%—+3.48%
36AMZNAmazon.com INCStock-Consumer Disc0.58%—+13.78%
37SCHBSchwab US Broad Market ETFETF-Other0.58%—+2.77%
38SPYSs Spdr S&p 500 ETF Trust-usETF-Large Cap & Growth0.57%+0.04%+21.36%
39SCHFSchwab Intl Equity ETFETF-Other0.50%+0.04%+12.35%
40BRK-BBerkshire Hathaway Inc-cl BStock-Other0.45%—+3.95%
41VTVVanguard Value ETFETF-Other0.45%—+1.49%
42IBITIshares Bitcoin Trust ETFETF-Crypto0.44%-0.17%+1.57%
43VWOVanguard Ftse Emerging MarkeETF-Emerging Markets0.43%—+0.13%
44METAMeta Platforms Inc-class AStock-Comm Services0.40%—+17.25%
45MUBIshares National Muni Bond EETF-Other0.37%+0.16%+88.87%
46MUMicron Technology INCStock-Tech0.36%—-8.27%
47AVGOBroadcom INCStock-Tech0.36%+0.06%+41.38%
48SPMDSs Spdr P S&p 400 Midcap ETFETF-Other0.35%—-2.46%
49VGUSVanguard Ultra Shrt TreasuryETF-Gov Bonds0.32%+0.26%+473.17%
50GLDMSpdr Gold Minishares TrustETF-Commodities0.31%—-0.30%
1–50 of 367

Holding changes this quarter

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%.

Position changes disclosed by Zhang Financial LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1AGGIshares Core U.s. Aggregate+1.4%+97.09%Add
2VCRBVanguard Core Bond ETF+0.7%+119.94%Add
3BIVVanguard Intermediate-term B+0.6%+24.34%Add
4BNDVanguard Total Bond Market+0.4%+30.02%Add
5VXUSVanguard Total Intl Stock+0.3%+10.76%Add
6VGUSVanguard Ultra Shrt Treasury+0.3%+473.17%Add
7MUBIshares National Muni Bond E+0.2%+88.87%Add
8AVDEAvantis International Equity+0.1%+12.46%Add
9DFSVDimensional US Small Cap Val+0.1%+10.54%Add
10VEAVanguard Ftse Developed ETF+0.1%+13.23%Add
11AVUVAvantis US Small Cap Value+0.1%+8.53%Add
12AVGOBroadcom INC+0.1%+41.38%Add
13SPABSs Spdr P Agg Bond ETF+0.1%+32.41%Add
14CATCaterpillar INC+0.1%+8.16%Add
15XOMExxon Mobil CORP+0.1%+2.16%Add
16JNJJohnson & Johnson+0.1%+35.32%Add
17AMDAdvanced Micro Devices+0.1%+495.11%Add
18AVUSAvantis U.s. Equity ETF0%+13.74%Add
19SPYSs Spdr S&p 500 ETF Trust-us0%+21.36%Add
20SCHFSchwab Intl Equity ETF0%+12.35%Add
21VONVVanguard Russell 1000 Value0%+32.05%Add
22JPMJpmorgan Chase & Co0%+28.45%Add
23VUGVanguard Growth ETF0%+21.94%Add
24AMGNAmgen INC0%+9.58%Add
25GSGoldman Sachs Group INC0%+23.89%Add
26KLACKla CORP0%-2.05%Trim
27ADBEAdobe INC0%+121.13%Add
28VYMVanguard High Dvd Yield ETF0%+4.98%Add
29ITOTIshares Core S&p Total U.s.0%+12.37%Add
30IAUIshares Gold Trust0%-2.04%Trim
31VCSHVanguard S/t CORP Bond ETF0%+7.16%Add
32ICSHIshares Ultra Short Duration-0.1%-32.45%Trim
33XLFSs Financial Select Sector-0.1%-35.74%Trim
34APOApollo Global Management INC-0.1%-34.67%Trim
35VBRVanguard Small-cap Value ETF-0.1%-0.14%Trim
36DFAIDimensional International Co-0.1%+1.03%Add
37MGKVanguard Mega Cap Growth ETF-0.1%+3.94%Add
38SGOVIshares 0-3 Month Treasury B-0.1%-55.99%Trim
39IBITIshares Bitcoin Trust ETF-0.2%+1.57%Add
40BKLCBny Mellon US Lrg Cap Cor-0.2%-2.87%Trim
41AAPLApple INC-0.2%+4.32%Add
42SYKStryker CORP-0.3%-5.93%Trim
43MSFTMicrosoft CORP-0.3%+8.13%Add
44VTVanguard Tot World Stk ETF-0.3%+0.96%Add
45DFACDimensional US Core Equity 2-0.5%-1.75%Trim
46VTIVanguard Total Stock Mkt ETF-0.6%+2.83%Add
47AXPAmerican Express Co—NEWNew buy
48VBILVanguard 0-3m T-bill ETF—NEWNew buy
49COPConocophillips—NEWNew buy
50LCIILci Industries—EXITSold out

FAQ

What is Zhang Financial LLC and what type of investor is it?
Zhang Financial 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 (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $2.9B, spread across 367 disclosed positions.
What are Zhang Financial LLC's largest equity positions?
Based on the latest 13F filing, Zhang Financial LLC's top holdings by market value are: 1. Vanguard S&p 500 ETF (VOO) — $195.0M (6.7%) 2. Vanguard Total Stock Mkt ETF (VTI) — $180.8M (6.3%) 3. Dimensional US Eq Mkt ETF (DFUS) — $179.7M (6.2%) 4. Ishares Core S&p Total U.s. (ITOT) — $168.3M (5.8%) 5. Vanguard Total Intl Stock (VXUS) — $160.6M (5.5%)
What changes did Zhang Financial LLC make in its most recent portfolio filing?
In the latest reported quarter, Zhang Financial LLC made 50 notable position adjustments: 3 new positions were initiated, 36 existing holdings were added to, 10 positions were partially reduced, and 1 were completely exited. The largest of these moves: 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%
What sectors does Zhang Financial LLC focus on?
Zhang Financial LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 37.6% • Health Care: 16.4% • Financials: 12.3% • Industrials: 8.4% • Communication Services: 8.0% • Consumer Discretionary: 7.7%

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