# Fund Evaluation Group, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1356249. Source: https://holderbook.com/funds/1356249-fund-evaluation-group-llc/

- Reported value: $3.7B
- Positions: 80
- Weight of the ten largest: 82.7%
- Filed: 2026-08-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.1B | 1,456,901 | 29.5% | 31 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $495.7M | 14,648,669 | 13.4% | 31 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $419.7M | 18,424,626 | 11.3% | 14 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $247.4M | 8,405,541 | 6.7% | 13 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $203.8M | 2,134,934 | 5.5% | 7 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $182.1M | 265,157 | 4.9% | 6 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $133.2M | 4,807,713 | 3.6% | 14 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $109.7M | 296,485 | 3.0% | 7 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $92.3M | 1,184,318 | 2.5% | 5 |
| GLOBAL X FDS | [CATH](https://holderbook.com/stocks/CATH/) | $86.4M | 976,483 | 2.3% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $47.3M | 477,654 | 1.3% | 31 |
| TCW ETF TRUST | [VOTE](https://holderbook.com/stocks/VOTE/) | $45.2M | 512,574 | 1.2% | 2 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $41.8M | 1,153,361 | 1.1% | 13 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $31.1M | 281,843 | 0.8% | 15 |
| GLOBAL X FDS | [MLPX](https://holderbook.com/stocks/MLPX/) | $30.0M | 406,672 | 0.8% | 1 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $26.6M | 87,872 | 0.7% | 2 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $25.5M | 119,857 | 0.7% | 2 |
| ISHARES TR | [IGLB](https://holderbook.com/stocks/IGLB/) | $25.5M | 508,806 | 0.7% | 12 |
| VANGUARD SCOTTSDALE FDS | [VTHR](https://holderbook.com/stocks/VTHR/) | $25.2M | 75,890 | 0.7% | 5 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $22.9M | 265,309 | 0.6% | 9 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $22.9M | 94,280 | 0.6% | 6 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $21.6M | 374,838 | 0.6% | 13 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $19.8M | 748,000 | 0.5% | 30 |
| SCHWAB STRATEGIC TR | [SCHO](https://holderbook.com/stocks/SCHO/) | $18.7M | 772,924 | 0.5% | 31 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $18.0M | 42,134 | 0.5% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $15.9M | 222,587 | 0.4% | 6 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $13.6M | 89,489 | 0.4% | 2 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $13.3M | 33,679 | 0.4% | 6 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $13.3M | 137,356 | 0.4% | 5 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $12.0M | 116,875 | 0.3% | 12 |
| SCHWAB STRATEGIC TR | [SCHC](https://holderbook.com/stocks/SCHC/) | $11.9M | 246,963 | 0.3% | 7 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $11.5M | 140,789 | 0.3% | 21 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $11.1M | 144,624 | 0.3% | 5 |
| ISHARES TR | [SUSA](https://holderbook.com/stocks/SUSA/) | $10.9M | 70,915 | 0.3% | 12 |
| VANGUARD SCOTTSDALE FDS | [VONV](https://holderbook.com/stocks/VONV/) | $10.2M | 96,000 | 0.3% | 4 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $9.9M | 120,092 | 0.3% | 1 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $8.4M | 114,146 | 0.2% | 7 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $6.2M | 60,266 | 0.2% | 22 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $5.4M | 53,006 | 0.1% | 3 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $5.4M | 111,718 | 0.1% | 1 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $5.0M | 61,277 | 0.1% | 6 |
| INVESCO DB COMMDY INDX TRCK | [DBC](https://holderbook.com/stocks/DBC/) | $4.9M | 185,314 | 0.1% | 8 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $4.6M | 57,108 | 0.1% | 5 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $3.9M | 35,293 | 0.1% | 15 |
| 2023 ETF SERIES TRUST | [EAGL](https://holderbook.com/stocks/EAGL/) | $3.6M | 112,990 | 0.1% | 2 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $3.3M | 26,616 | 0.1% | 2 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $3.1M | 58,191 | 0.1% | 20 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $2.7M | 16,987 | 0.1% | 31 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $2.6M | 26,637 | 0.1% | 11 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $2.5M | 33,316 | 0.1% | 27 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $2.4M | 21,902 | 0.1% | 7 |
| GMO ETF TRUST | [GMOV](https://holderbook.com/stocks/GMOV/) | $2.4M | 80,000 | 0.1% | 4 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $1.9M | 33,182 | 0.1% | 5 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $1.9M | 13,074 | 0.1% | 2 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $1.6M | 12,224 | 0.0% | 6 |
| AMERICAN CENTY ETF TR | [AVLV](https://holderbook.com/stocks/AVLV/) | $1.4M | 15,700 | 0.0% | 4 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $948.9K | 13,870 | 0.0% | 2 |
| SCHWAB STRATEGIC TR | [SCHH](https://holderbook.com/stocks/SCHH/) | $926.6K | 39,129 | 0.0% | 5 |
| ISHARES TR | [IGF](https://holderbook.com/stocks/IGF/) | $907.2K | 13,621 | 0.0% | 1 |
| VANGUARD SCOTTSDALE FDS | [VGLT](https://holderbook.com/stocks/VGLT/) | $873.8K | 15,835 | 0.0% | 2 |
| SPDR SERIES TRUST | [RWR](https://holderbook.com/stocks/RWR/) | $855.2K | 7,570 | 0.0% | 1 |
| ISHARES INC | [ESGE](https://holderbook.com/stocks/ESGE/) | $853.4K | 15,605 | 0.0% | 3 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $765.3K | 2,771 | 0.0% | 1 |
| ISHARES TR | [ICF](https://holderbook.com/stocks/ICF/) | $752.5K | 11,127 | 0.0% | 3 |
| VANGUARD ADMIRAL FDS INC | [VIOO](https://holderbook.com/stocks/VIOO/) | $685.5K | 4,984 | 0.0% | 2 |
| FLEXSHARES TR | [GUNR](https://holderbook.com/stocks/GUNR/) | $638.1K | 12,948 | 0.0% | 1 |
| SCHWAB STRATEGIC TR | [FNDX](https://holderbook.com/stocks/FNDX/) | $630.9K | 20,286 | 0.0% | 3 |
| INVESCO EXCHANGE TRADED FD T | [PRF](https://holderbook.com/stocks/PRF/) | $578.0K | 10,697 | 0.0% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $507.9K | 1,015 | 0.0% | 1 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $490.3K | 3,306 | 0.0% | 7 |
| VANGUARD ADMIRAL FDS INC | [VIOG](https://holderbook.com/stocks/VIOG/) | $484.1K | 3,155 | 0.0% | 2 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $427.3K | 1,160 | 0.0% | 1 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $404.8K | 5,365 | 0.0% | 1 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $364.5K | 1,661 | 0.0% | 5 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $296.9K | 1,484 | 0.0% | 4 |
| NORTHERN LTS FD TR IV | [BIBL](https://holderbook.com/stocks/BIBL/) | $268.6K | 4,641 | 0.0% | 4 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $200.8K | 694 | 0.0% | 3 |
| MANAGER DIRECTED PORTFOLIOS | [VGSR](https://holderbook.com/stocks/VGSR/) | $161.7K | 14,204 | 0.0% | 4 |
| FIBROBIOLOGICS INC | [FBLG](https://holderbook.com/stocks/FBLG/) | $49.1K | 51,794 | 0.0% | 2 |
| ELUTIA INC | [ELUT](https://holderbook.com/stocks/ELUT/) | $12.3K | 12,612 | 0.0% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.2% | +14.8% | -3.6% | 100% |
| Q1 2026 | -3.3% | -4.6% | +1.3% | 100% |
| Q4 2025 | +1.7% | +2.4% | -0.7% | 100% |
| Q3 2025 | +6.4% | +7.8% | -1.4% | 100% |
| Q2 2025 | +9.2% | +10.5% | -1.2% | 100% |
| Q1 2025 | -3.7% | -4.6% | +0.9% | 100% |
| Q4 2024 | +1.0% | +2.1% | -1.1% | 100% |
| Q3 2024 | +4.9% | +5.4% | -0.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $3.7B | 80 |
| Q1 2026 | $3.3B | 73 |
| Q4 2025 | $3.0B | 62 |
| Q3 2025 | $2.8B | 75 |
| Q2 2025 | $2.6B | 79 |
| Q1 2025 | $2.3B | 48 |
| Q4 2024 | $2.1B | 38 |
| Q3 2024 | $1.8B | 33 |
| Q2 2024 | $1.6B | 31 |
| Q1 2024 | $1.6B | 38 |
| Q4 2023 | $1.4B | 35 |
| Q3 2023 | $1.1B | 33 |