# Valmark Advisers, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1380443. Source: https://holderbook.com/funds/1380443-valmark-advisers-inc/

- Reported value: $9.4B
- Positions: 727
- Weight of the ten largest: 46.1%
- Filed: 2026-08-06

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 |
|---|---|---|---|---|---|
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $864.0M | 12,125,742 | 9.2% | 31 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $563.8M | 4,738,201 | 6.0% | 31 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $563.0M | 9,260,907 | 6.0% | 31 |
| SPDR SERIES TRUST | [SPMD](https://holderbook.com/stocks/SPMD/) | $479.6M | 7,099,453 | 5.1% | 26 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $369.1M | 7,347,518 | 3.9% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $342.0M | 497,985 | 3.6% | 31 |
| SPDR SERIES TRUST | [SPSB](https://holderbook.com/stocks/SPSB/) | $324.5M | 10,812,015 | 3.4% | 31 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $294.2M | 5,101,635 | 3.1% | 26 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $276.2M | 4,626,634 | 2.9% | 31 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $268.9M | 2,961,564 | 2.9% | 26 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $210.4M | 3,566,775 | 2.2% | 31 |
| FLEXSHARES TR | [GUNR](https://holderbook.com/stocks/GUNR/) | $184.9M | 3,752,993 | 2.0% | 31 |
| ISHARES TR | [REET](https://holderbook.com/stocks/REET/) | $184.2M | 6,667,766 | 2.0% | 13 |
| ISHARES TR | [USIG](https://holderbook.com/stocks/USIG/) | $174.7M | 3,405,952 | 1.9% | 18 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $157.2M | 1,536,180 | 1.7% | 16 |
| DBX ETF TR | [HYLB](https://holderbook.com/stocks/HYLB/) | $134.6M | 3,686,355 | 1.4% | 31 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $131.6M | 1,689,123 | 1.4% | 31 |
| VANECK ETF TRUST | [EMLC](https://holderbook.com/stocks/EMLC/) | $127.9M | 5,004,219 | 1.4% | 31 |
| ISHARES TR | [SMLF](https://holderbook.com/stocks/SMLF/) | $114.2M | 1,280,840 | 1.2% | 9 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $100.4M | 920,761 | 1.1% | 31 |
| CAPITAL GROUP DIVIDEND VALUE | [CGDV](https://holderbook.com/stocks/CGDV/) | $85.2M | 1,727,974 | 0.9% | 17 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $83.5M | 2,632,336 | 0.9% | 31 |
| VANGUARD SCOTTSDALE FDS | [VMBS](https://holderbook.com/stocks/VMBS/) | $83.3M | 1,779,883 | 0.9% | 31 |
| ISHARES TR | [HYBB](https://holderbook.com/stocks/HYBB/) | $83.3M | 1,781,212 | 0.9% | 3 |
| CAPITAL GROUP GROWTH ETF | [CGGR](https://holderbook.com/stocks/CGGR/) | $81.6M | 1,728,825 | 0.9% | 17 |
| CAPITAL GROUP DIVIDEND GROWE | [CGDG](https://holderbook.com/stocks/CGDG/) | $80.6M | 2,149,433 | 0.9% | 11 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $78.6M | 1,350,317 | 0.8% | 31 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $78.4M | 569,928 | 0.8% | 31 |
| WISDOMTREE TR | [XSOE](https://holderbook.com/stocks/XSOE/) | $74.3M | 1,511,642 | 0.8% | 26 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $67.7M | 877,936 | 0.7% | 31 |
| WISDOMTREE TR | [GTR](https://holderbook.com/stocks/GTR/) | $66.0M | 2,427,600 | 0.7% | 19 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $63.1M | 277,744 | 0.7% | 31 |
| CAPITAL GROUP CORE EQUITY ET | [CGUS](https://holderbook.com/stocks/CGUS/) | $60.9M | 1,369,821 | 0.6% | 15 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $60.4M | 203,556 | 0.6% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $57.4M | 76,636 | 0.6% | 31 |
| CAPITAL GRP FIXED INCM ETF T | [CGCB](https://holderbook.com/stocks/CGCB/) | $56.9M | 2,171,812 | 0.6% | 11 |
| CAPITAL GRP FIXED INCM ETF T | [CGCP](https://holderbook.com/stocks/CGCP/) | $50.1M | 2,247,488 | 0.5% | 15 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $49.7M | 134,361 | 0.5% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $49.5M | 590,635 | 0.5% | 31 |
| CAPITAL GRP FIXED INCM ETF T | [CGMS](https://holderbook.com/stocks/CGMS/) | $48.5M | 1,774,486 | 0.5% | 11 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $43.0M | 272,000 | 0.5% | 31 |
| BLACKROCK ETF TRUST II | [BINC](https://holderbook.com/stocks/BINC/) | $40.3M | 770,163 | 0.4% | 9 |
| CAPITAL GROUP GBL GROWTH EQT | [CGGO](https://holderbook.com/stocks/CGGO/) | $40.3M | 951,110 | 0.4% | 15 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $38.6M | 796,548 | 0.4% | 31 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $38.5M | 259,402 | 0.4% | 31 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $36.8M | 223,801 | 0.4% | 31 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $36.6M | 148,811 | 0.4% | 31 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $35.9M | 151,846 | 0.4% | 31 |
| ISHARES TR | [IUSG](https://holderbook.com/stocks/IUSG/) | $33.8M | 179,657 | 0.4% | 24 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $33.6M | 323,896 | 0.4% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $33.6M | 663,670 | 0.4% | 25 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $31.2M | 62,404 | 0.3% | 31 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $28.9M | 287,450 | 0.3% | 20 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $28.0M | 179,186 | 0.3% | 31 |
| ISHARES TR | [IWY](https://holderbook.com/stocks/IWY/) | $25.6M | 87,978 | 0.3% | 18 |
| FIRST TR EXCHANGE-TRADED FD | [RDVY](https://holderbook.com/stocks/RDVY/) | $23.6M | 290,555 | 0.2% | 21 |
| WISDOMTREE TR | [DWM](https://holderbook.com/stocks/DWM/) | $22.6M | 309,102 | 0.2% | 31 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $22.3M | 442,784 | 0.2% | 26 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $22.3M | 282,109 | 0.2% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $21.6M | 58,006 | 0.2% | 31 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $20.8M | 95,418 | 0.2% | 29 |
| FIDELITY MERRIMACK STR TR | [FBND](https://holderbook.com/stocks/FBND/) | $20.7M | 455,014 | 0.2% | 21 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $20.1M | 100,387 | 0.2% | 24 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $19.2M | 370,421 | 0.2% | 26 |
| PUTNAM ETF TRUST | [PVAL](https://holderbook.com/stocks/PVAL/) | $18.7M | 366,776 | 0.2% | 5 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $16.3M | 185,101 | 0.2% | 19 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $15.9M | 156,015 | 0.2% | 26 |
| FIRST TR EXCHANGE TRAD FD VI | [FTGC](https://holderbook.com/stocks/FTGC/) | $15.7M | 580,543 | 0.2% | 17 |
| CAPITAL GROUP EQUITY ETF TR | [CGMM](https://holderbook.com/stocks/CGMM/) | $15.5M | 468,806 | 0.2% | 5 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $15.1M | 156,168 | 0.2% | 31 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $14.8M | 93,043 | 0.2% | 24 |
| FIDELITY COVINGTON TRUST | [FELG](https://holderbook.com/stocks/FELG/) | $14.5M | 330,476 | 0.2% | 7 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $14.4M | 148,849 | 0.2% | 20 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $14.0M | 58,792 | 0.1% | 31 |
| CAPITAL GRP FIXED INCM ETF T | [CGSD](https://holderbook.com/stocks/CGSD/) | $14.0M | 544,385 | 0.1% | 7 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $13.9M | 183,544 | 0.1% | 31 |
| WISDOMTREE TR | [DES](https://holderbook.com/stocks/DES/) | $13.6M | 334,790 | 0.1% | 31 |
| WISDOMTREE TR | [DEM](https://holderbook.com/stocks/DEM/) | $13.5M | 250,218 | 0.1% | 31 |
| SPDR SERIES TRUST | [LGLV](https://holderbook.com/stocks/LGLV/) | $13.4M | 74,055 | 0.1% | 15 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $13.0M | 17,608 | 0.1% | 31 |
| CAPITAL GROUP CORE BALANCED | [CGBL](https://holderbook.com/stocks/CGBL/) | $12.0M | 314,960 | 0.1% | 10 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $11.9M | 36,457 | 0.1% | 31 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $11.8M | 147,067 | 0.1% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $11.8M | 209,275 | 0.1% | 13 |
| FLEXSHARES TR | [TDTT](https://holderbook.com/stocks/TDTT/) | $11.6M | 484,847 | 0.1% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $11.5M | 116,486 | 0.1% | 31 |
| CAPITAL GROUP GLOBAL EQUITY | [CGGE](https://holderbook.com/stocks/CGGE/) | $11.4M | 323,952 | 0.1% | 6 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $11.4M | 224,731 | 0.1% | 27 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $11.2M | 207,176 | 0.1% | 2 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $11.2M | 14,944 | 0.1% | 31 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $10.9M | 35,919 | 0.1% | 31 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $10.8M | 100,505 | 0.1% | 31 |
| CAPITAL GROUP CONSERVATIVE E | [CGCV](https://holderbook.com/stocks/CGCV/) | $10.6M | 323,620 | 0.1% | 6 |
| DBX ETF TR | [HDEF](https://holderbook.com/stocks/HDEF/) | $10.6M | 330,063 | 0.1% | 28 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $10.6M | 68,442 | 0.1% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $9.9M | 72,671 | 0.1% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $9.6M | 65,724 | 0.1% | 31 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $9.5M | 179,688 | 0.1% | 31 |
| SPDR SERIES TRUST | [FLRN](https://holderbook.com/stocks/FLRN/) | $9.1M | 294,730 | 0.1% | 31 |
| J P MORGAN EXCHANGE TRADED F | [HOLA](https://holderbook.com/stocks/HOLA/) | $8.6M | 156,010 | 0.1% | 4 |

## 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 | +9.1% | +14.8% | -5.7% | 99% |
| Q1 2026 | -0.1% | -4.6% | +4.5% | 100% |
| Q4 2025 | +1.4% | +2.4% | -0.9% | 99% |
| Q3 2025 | +5.2% | +7.8% | -2.6% | 99% |
| Q2 2025 | +6.3% | +10.5% | -4.1% | 100% |
| Q1 2025 | -0.9% | -4.6% | +3.6% | 100% |
| Q4 2024 | -2.6% | +2.1% | -4.8% | 100% |
| Q3 2024 | +5.8% | +5.4% | +0.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $9.4B | 727 |
| Q1 2026 | $8.4B | 676 |
| Q4 2025 | $8.1B | 656 |
| Q3 2025 | $7.7B | 645 |
| Q2 2025 | $7.2B | 639 |
| Q1 2025 | $6.6B | 601 |
| Q4 2024 | $6.5B | 590 |
| Q3 2024 | $6.4B | 581 |
| Q2 2024 | $5.9B | 557 |
| Q1 2024 | $5.7B | 535 |
| Q4 2023 | $5.3B | 494 |
| Q3 2023 | $4.8B | 468 |