# FINANCIAL CONSULATE, INC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1624510. Source: https://holderbook.com/funds/1624510-financial-consulate-inc/

- Reported value: $898.5M
- Positions: 1,449
- Weight of the ten largest: 64.8%
- Filed: 2026-07-23

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 |
|---|---|---|---|---|---|
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $155.0M | 5,266,972 | 17.3% | 31 |
| DIMENSIONAL ETF TRUST | [DUHP](https://holderbook.com/stocks/DUHP/) | $88.0M | 2,109,650 | 9.8% | 13 |
| PIMCO EQUITY SER | [MFDX](https://holderbook.com/stocks/MFDX/) | $71.0M | 1,704,901 | 7.9% | 12 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $53.3M | 1,923,183 | 5.9% | 31 |
| DIMENSIONAL ETF TRUST | [DIHP](https://holderbook.com/stocks/DIHP/) | $44.4M | 1,301,772 | 4.9% | 5 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $38.4M | 347,758 | 4.3% | 2 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $37.1M | 738,693 | 4.1% | 16 |
| DIMENSIONAL ETF TRUST | [DFAS](https://holderbook.com/stocks/DFAS/) | $35.7M | 433,095 | 4.0% | 6 |
| SCHWAB STRATEGIC TR | [FNDB](https://holderbook.com/stocks/FNDB/) | $32.8M | 1,078,457 | 3.7% | 11 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $27.0M | 328,601 | 3.0% | 2 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $22.0M | 76,017 | 2.4% | 4 |
| FRANKLIN TEMPLETON ETF TR | [FLQM](https://holderbook.com/stocks/FLQM/) | $22.0M | 379,294 | 2.4% | 10 |
| PGIM ETF TR | [PULS](https://holderbook.com/stocks/PULS/) | $21.2M | 427,177 | 2.4% | 7 |
| SCHWAB STRATEGIC TR | [FNDE](https://holderbook.com/stocks/FNDE/) | $18.8M | 473,791 | 2.1% | 3 |
| T ROWE PRICE EXCHANGE-TRADED | [TCAF](https://holderbook.com/stocks/TCAF/) | $18.8M | 456,246 | 2.1% | 11 |
| PIMCO EQUITY SER | [MFUS](https://holderbook.com/stocks/MFUS/) | $18.5M | 276,018 | 2.1% | 5 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $13.5M | 426,828 | 1.5% | 16 |
| SCHWAB STRATEGIC TR | [FNDF](https://holderbook.com/stocks/FNDF/) | $13.1M | 247,859 | 1.5% | 5 |
| SPDR INDEX SHS FDS | [GMF](https://holderbook.com/stocks/GMF/) | $10.5M | 67,180 | 1.2% | 31 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $9.1M | 180,036 | 1.0% | 4 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $5.8M | 28,859 | 0.6% | 4 |
| 10X GENOMICS INC | [TXG](https://holderbook.com/stocks/TXG/) | $4.8M | 126,356 | 0.5% | 4 |
| PATRICK INDS INC | [PATK](https://holderbook.com/stocks/PATK/) | $4.7M | 52,645 | 0.5% | 4 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $4.4M | 6,394 | 0.5% | 31 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $3.3M | 114,378 | 0.4% | 31 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $3.1M | 44,061 | 0.3% | 6 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $3.0M | 12,368 | 0.3% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.0M | 8,020 | 0.3% | 4 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $2.9M | 3,932 | 0.3% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.7M | 7,752 | 0.3% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.7M | 11,413 | 0.3% | 4 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.6M | 7,259 | 0.3% | 5 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.5M | 2,335 | 0.3% | 4 |
| SPDR INDEX SHS FDS | [SPGM](https://holderbook.com/stocks/SPGM/) | $2.2M | 25,972 | 0.2% | 28 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $2.0M | 16,492 | 0.2% | 5 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $1.8M | 53,128 | 0.2% | 12 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $1.7M | 3,362 | 0.2% | 4 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.5M | 1,232 | 0.2% | 4 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.4M | 7,339 | 0.2% | 4 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.3M | 4,063 | 0.1% | 4 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.3M | 3,077 | 0.1% | 4 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.2M | 1,045 | 0.1% | 4 |
| SPDR INDEX SHS FDS | [CWI](https://holderbook.com/stocks/CWI/) | $1.2M | 29,657 | 0.1% | 5 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $1.2M | 7,290 | 0.1% | 5 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $1.2M | 26,328 | 0.1% | 4 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.2M | 1,238 | 0.1% | 4 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.2M | 2,249 | 0.1% | 4 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.1M | 2,216 | 0.1% | 5 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.1M | 7,365 | 0.1% | 4 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $1.1M | 9,898 | 0.1% | 4 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.1M | 7,705 | 0.1% | 4 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $1.0M | 2,371 | 0.1% | 4 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $1.0M | 28,106 | 0.1% | 4 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $1.0M | 10,994 | 0.1% | 4 |
| BLACKSTONE MORTGAGE TRUST IN | - | $1.0M | 1,006,000 | 0.1% | 5 |
| MGP INGREDIENTS INC NEW | - | $1.0M | 1,038,000 | 0.1% | 4 |
| SAREPTA THERAPEUTICS INC | - | $990.9K | 1,047,000 | 0.1% | 2 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $987.1K | 20,551 | 0.1% | 4 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $977.8K | 7,599 | 0.1% | 4 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $975.3K | 1,679 | 0.1% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $931.3K | 3,667 | 0.1% | 4 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $882.0K | 3,551 | 0.1% | 4 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $849.9K | 2,297 | 0.1% | 6 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $849.6K | 23,044 | 0.1% | 4 |
| PEBBLEBROOK HOTEL TR | - | $843.9K | 846,000 | 0.1% | 4 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $797.0K | 3,167 | 0.1% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $771.9K | 2,250 | 0.1% | 4 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $759.5K | 15,980 | 0.1% | 4 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $755.3K | 4,985 | 0.1% | 4 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $748.9K | 1 | 0.1% | 4 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $721.1K | 2,045 | 0.1% | 4 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $720.5K | 636 | 0.1% | 4 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $651.7K | 1,365 | 0.1% | 4 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $646.4K | 3,900 | 0.1% | 4 |
| VANGUARD WORLD FD | [VIS](https://holderbook.com/stocks/VIS/) | $641.0K | 1,779 | 0.1% | 5 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $640.5K | 2,369 | 0.1% | 4 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $614.6K | 1,091 | 0.1% | 4 |
| DOCUSIGN INC | [DOCU](https://holderbook.com/stocks/DOCU/) | $612.2K | 13,782 | 0.1% | 4 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $603.5K | 2,146 | 0.1% | 4 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $590.9K | 1,952 | 0.1% | 4 |
| SNAP INC | - | $582.5K | 613,000 | 0.1% | 4 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $571.0K | 287 | 0.1% | 4 |
| MOUNT LOGAN CAP INC | [MLCI](https://holderbook.com/stocks/MLCI/) | $569.1K | 165,445 | 0.1% | 4 |
| REDFIN CORP | - | $547.7K | 564,000 | 0.1% | 4 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $540.7K | 11,598 | 0.1% | 4 |
| BANDWIDTH INC | - | $534.6K | 573,000 | 0.1% | 4 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $515.1K | 4,148 | 0.1% | 5 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $499.5K | 4,259 | 0.1% | 5 |
| HEICO CORP NEW | [HEIA](https://holderbook.com/stocks/HEIA/) | $496.0K | 1,923 | 0.1% | 4 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $494.3K | 1,308 | 0.1% | 4 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $472.3K | 9,752 | 0.1% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $471.7K | 1,135 | 0.1% | 4 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $464.2K | 1,552 | 0.1% | 4 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $432.9K | 18,718 | 0.0% | 31 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $432.7K | 313 | 0.0% | 4 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $423.3K | 3,604 | 0.0% | 4 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $413.0K | 796 | 0.0% | 4 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $403.0K | 2,116 | 0.0% | 4 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $398.3K | 2,942 | 0.0% | 4 |
| SPECTRUM BRANDS INC | - | $394.0K | 378,000 | 0.0% | 3 |

## 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 | +9.8% | +14.8% | -5.1% | 99% |
| Q1 2026 | -1.2% | -4.6% | +3.5% | 99% |
| Q4 2025 | +2.1% | +2.4% | -0.3% | 99% |
| Q3 2025 | +5.8% | +7.8% | -2.0% | 99% |
| Q2 2025 | +7.7% | +10.5% | -2.8% | 100% |
| Q1 2025 | -0.1% | -4.6% | +4.5% | 100% |
| Q4 2024 | -2.8% | +2.1% | -4.9% | 100% |
| Q3 2024 | +6.5% | +5.4% | +1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $898.5M | 1,449 |
| Q1 2026 | $802.6M | 1,401 |
| Q4 2025 | $731.4M | 1,338 |
| Q3 2025 | $708.2M | 1,152 |
| Q2 2025 | $506.5M | 37 |
| Q1 2025 | $396.2M | 26 |
| Q4 2024 | $377.1M | 31 |
| Q3 2024 | $376.5M | 34 |
| Q2 2024 | $341.2M | 35 |
| Q1 2024 | $338.4M | 40 |
| Q4 2023 | $304.1M | 36 |
| Q3 2023 | $226.5M | 38 |