Zhang Financial LLC

Q4 2025 13F-HR Holdings

Location
Portage, MI
Holdings as of
12/31/2025
Date filed
2/10/2026
Form type
13F-HR
Num holdings
339
Total value ($000)
$2,681,655
Net value change ($000)
+220,287 (8.9%)
New positions
32
Sold out positions
9
Turnover %
0.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/10/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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 29,640 33.4%
AGG 16,540 57.1%
VCRB 15,646 528.6%
ITOT 15,138 10.7%
VXUS 13,987 10.9%
VOO 9,303 5.0%
VUG 7,880 46.6%
AVUS 7,097 42.5%
AAPL 6,725 12.9%
DFAT 6,576 517.4%
Top Reduces (Value $000, Stocks/ETFs)
AXP -4,437 -100.0%
IBIT -3,856 -19.2%
SYK -3,351 -8.0%
PH -1,792 -54.5%
AMAT -1,474 -48.2%
VBR -1,250 -2.5%
CL -1,076 -100.0%
F -966 -48.3%
SDY -765 -38.6%
HFFG -649 -22.1%
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