# Valeo Financial Advisors, LLC

> Institutional holdings reported to the SEC as of Q3 2026 on Form 13F. CIK 1722641. Source: https://holderbook.com/funds/1722641-valeo-financial-advisors-llc/

- Reported value: $4.7B
- Positions: 832
- Weight of the ten largest: 49.3%
- Filed: 2026-10-08

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 |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $682.3M | 894,574 | 14.4% | 32 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $253.2M | 2,099,696 | 5.3% | 32 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $248.9M | 3,171,483 | 5.2% | 32 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $217.9M | 3,162,668 | 4.6% | 32 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $194.2M | 337,847 | 4.1% | 32 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $170.1M | 510,842 | 3.6% | 32 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $160.5M | 1,236,241 | 3.4% | 20 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $150.7M | 130,209 | 3.2% | 32 |
| J P MORGAN EXCHANGE TRADED F | [JCPB](https://holderbook.com/stocks/JCPB/) | $140.1M | 3,303,877 | 3.0% | 9 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $118.8M | 571,324 | 2.5% | 32 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $111.4M | 487,896 | 2.3% | 32 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $93.4M | 182,123 | 2.0% | 32 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $86.4M | 123,253 | 1.8% | 32 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $85.0M | 1,226,784 | 1.8% | 32 |
| FIDELITY MERRIMACK STR TR | [FBND](https://holderbook.com/stocks/FBND/) | $83.5M | 2,047,605 | 1.8% | 9 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $76.9M | 1,437,865 | 1.6% | 23 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $66.2M | 191,922 | 1.4% | 32 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $63.2M | 253,626 | 1.3% | 32 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $62.5M | 601,118 | 1.3% | 32 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $56.8M | 114,022 | 1.2% | 32 |
| PGIM ETF TR | [PULS](https://holderbook.com/stocks/PULS/) | $45.2M | 914,811 | 1.0% | 5 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $42.3M | 598,587 | 0.9% | 32 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $38.2M | 112,261 | 0.8% | 32 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $37.3M | 112,777 | 0.8% | 32 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $35.7M | 601,589 | 0.8% | 32 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $30.9M | 41,602 | 0.7% | 32 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $30.8M | 288,923 | 0.7% | 32 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $30.3M | 41,735 | 0.6% | 32 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $27.3M | 98,157 | 0.6% | 32 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $26.4M | 32,612 | 0.6% | 32 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $22.0M | 61,909 | 0.5% | 32 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $21.9M | 283,265 | 0.5% | 32 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $21.4M | 61,022 | 0.5% | 32 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $19.4M | 53,982 | 0.4% | 32 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $17.4M | 138,923 | 0.4% | 32 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $16.7M | 62,954 | 0.4% | 32 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $16.5M | 101,383 | 0.3% | 2 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $14.5M | 31,783 | 0.3% | 32 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $13.5M | 36,110 | 0.3% | 32 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $12.9M | 49,261 | 0.3% | 32 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $12.7M | 240,369 | 0.3% | 26 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $12.6M | 11,851 | 0.3% | 16 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $12.1M | 48,937 | 0.3% | 32 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $11.7M | 111,921 | 0.2% | 32 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $11.6M | 84,692 | 0.2% | 32 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $11.5M | 333,823 | 0.2% | 32 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $11.3M | 78,097 | 0.2% | 32 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $11.0M | 122,555 | 0.2% | 32 |
| MERCHANTS BANCORP IND | [MBIN](https://holderbook.com/stocks/MBIN/) | $10.9M | 222,274 | 0.2% | 32 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $10.7M | 19,369 | 0.2% | 32 |
| ALASKA AIR GROUP INC | [ALK](https://holderbook.com/stocks/ALK/) | $10.0M | 258,752 | 0.2% | 1 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $10.0M | 28,362 | 0.2% | 20 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $9.8M | 81,585 | 0.2% | 32 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $9.7M | 49,656 | 0.2% | 32 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $9.5M | 46,618 | 0.2% | 32 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $9.5M | 51,133 | 0.2% | 27 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $9.3M | 34,956 | 0.2% | 15 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $9.0M | 22,780 | 0.2% | 32 |
| J P MORGAN EXCHANGE TRADED F | [JMST](https://holderbook.com/stocks/JMST/) | $8.6M | 170,871 | 0.2% | 4 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $8.5M | 86,168 | 0.2% | 26 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $8.5M | 154,483 | 0.2% | 32 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $8.2M | 109,904 | 0.2% | 32 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $8.1M | 55,775 | 0.2% | 32 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $8.1M | 12,507 | 0.2% | 32 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $8.1M | 51,041 | 0.2% | 32 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $8.0M | 47,025 | 0.2% | 32 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $8.0M | 8,735 | 0.2% | 32 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $7.8M | 41,708 | 0.2% | 24 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $7.7M | 71,103 | 0.2% | 32 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $7.5M | 111,743 | 0.2% | 32 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $7.3M | 17,427 | 0.2% | 32 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $7.3M | 8,056 | 0.2% | 32 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $7.0M | 13,838 | 0.1% | 32 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $6.9M | 79,922 | 0.1% | 32 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $6.7M | 9 | 0.1% | 32 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $6.5M | 34,235 | 0.1% | 32 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $6.4M | 9,519 | 0.1% | 32 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $6.1M | 128,827 | 0.1% | 16 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $6.0M | 39,373 | 0.1% | 2 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $5.9M | 16,019 | 0.1% | 32 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $5.8M | 40,768 | 0.1% | 32 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $5.8M | 45,398 | 0.1% | 32 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $5.7M | 54,322 | 0.1% | 32 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $5.6M | 43,307 | 0.1% | 32 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $5.6M | 13,349 | 0.1% | 32 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $5.5M | 201,839 | 0.1% | 32 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $5.4M | 5,634 | 0.1% | 11 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $5.1M | 124,043 | 0.1% | 3 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $5.1M | 16,853 | 0.1% | 32 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $5.0M | 52,517 | 0.1% | 32 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $4.9M | 172,660 | 0.1% | 32 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $4.9M | 57,481 | 0.1% | 32 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $4.9M | 69,767 | 0.1% | 32 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $4.8M | 25,976 | 0.1% | 32 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $4.8M | 9,345 | 0.1% | 32 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $4.8M | 2,659 | 0.1% | 21 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $4.8M | 37,909 | 0.1% | 32 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $4.8M | 27,654 | 0.1% | 32 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $4.5M | 19,789 | 0.1% | 32 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $4.5M | 14,354 | 0.1% | 21 |

## 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 | +12.3% | +14.8% | -2.5% | 103% |
| Q1 2026 | -2.4% | -4.6% | +2.2% | 103% |
| Q4 2025 | +3.0% | +2.4% | +0.6% | 101% |
| Q3 2025 | +7.2% | +7.8% | -0.6% | 105% |
| Q2 2025 | +6.0% | +10.5% | -4.5% | 122% |
| Q1 2025 | -2.5% | -4.6% | +2.0% | 111% |
| Q4 2024 | -0.4% | +2.1% | -2.6% | 109% |
| Q3 2024 | +5.9% | +5.4% | +0.5% | 109% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2026 | $4.7B | 832 |
| Q2 2026 | $4.7B | 809 |
| Q1 2026 | $4.2B | 722 |
| Q4 2025 | $4.5B | 792 |
| Q3 2025 | $4.4B | 789 |
| Q2 2025 | $4.1B | 751 |
| Q1 2025 | $3.6B | 676 |
| Q4 2024 | $3.6B | 690 |
| Q3 2024 | $3.5B | 691 |
| Q2 2024 | $3.2B | 656 |
| Q1 2024 | $2.8B | 649 |
| Q4 2023 | $2.5B | 634 |