Zhang Financial LLC

Q3 2025 13F-HR Holdings

Location
Portage, MI
Holdings as of
9/30/2025
Date filed
11/10/2025
Form type
13F-HR
Num holdings
316
Total value ($000)
$2,461,368
Net value change ($000)
+294,034 (13.6%)
New positions
36
Sold out positions
11
Turnover %
0.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/1/2025 Next filing: 2/10/2026 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)
BIV 26,527 42.6%
ITOT 22,621 19.1%
VXUS 19,902 18.4%
VOO 18,853 11.3%
VTI 14,529 8.8%
DFUS 13,466 8.4%
DFAC 11,911 10.4%
AAPL 10,717 25.8%
VT 8,938 10.0%
AGG 7,212 33.1%
Top Reduces (Value $000, Stocks/ETFs)
SYK -2,936 -6.5%
MGV -1,774 -45.8%
NPB -1,384 -100.0%
KEL -970 -73.3%
VNQ -498 -10.4%
HFFG -446 -13.2%
VGIT -416 -64.9%
TTD -371 -100.0%
JNJ -364 -13.6%
VRTX -353 -100.0%
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