Kelman-Lazarov, Inc.

Q3 2025 13F-HR Holdings

Location
Memphis, TN
Holdings as of
9/30/2025
Date filed
11/12/2025
Form type
13F-HR
Num holdings
132
Total value ($000)
$674,474
Net value change ($000)
+57,243 (9.3%)
New positions
15
Sold out positions
5
Turnover %
1.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/29/2025 Next filing: 1/26/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
SCHG 4,695 8.6%
FNDX 4,411 7.7%
VUG 3,330 84.1%
MOAT 3,273 6.4%
SPYM 2,976 11.1%
IJR 2,163 9.8%
FNDE 1,974 9.9%
STIP 1,667 6.1%
MBB 1,550 7.7%
VCRM 1,539 120.9%
Top Reduces (Value $000, Stocks/ETFs)
VANECK ETF TRUST -566 -100.0%
EL -272 -100.0%
BA -271 -100.0%
KO -203 -100.0%
VTEB -202 -4.9%
YUM -202 -17.7%
V -201 -100.0%
NFLX -163 -10.5%
BIV -131 -3.9%
NVDA -83 -9.9%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type