# Sherman Asset Management, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1736535. Source: https://holderbook.com/funds/1736535-sherman-asset-management-inc/

- Reported value: $128.9M
- Positions: 136
- Weight of the ten largest: 66.1%
- Filed: 2026-08-05

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/) | $23.8M | 31,761 | 18.5% | 7 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $18.4M | 49,695 | 14.3% | 7 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $10.5M | 55,193 | 8.2% | 7 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $10.2M | 68,563 | 7.9% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $5.0M | 14,035 | 3.9% | 7 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $4.1M | 56,436 | 3.2% | 7 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $3.9M | 66,875 | 3.0% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.6M | 12,591 | 2.8% | 7 |
| FIRST TR EXCHANGE TRADED FD | [CIBR](https://holderbook.com/stocks/CIBR/) | $2.9M | 32,577 | 2.3% | 7 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $2.7M | 35,646 | 2.1% | 7 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $2.5M | 27,320 | 1.9% | 1 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $2.4M | 48,543 | 1.9% | 7 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $2.3M | 15,714 | 1.8% | 7 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $2.1M | 22,209 | 1.7% | 7 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $2.1M | 4,476 | 1.7% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.9M | 5,097 | 1.5% | 7 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $1.8M | 22,553 | 1.4% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.8M | 3,204 | 1.4% | 7 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $1.7M | 14,287 | 1.3% | 7 |
| SCHWAB STRATEGIC TR | [SCHO](https://holderbook.com/stocks/SCHO/) | $1.5M | 61,718 | 1.2% | 7 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.4M | 3,211 | 1.0% | 7 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $1.2M | 23,093 | 1.0% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.2M | 5,073 | 0.9% | 7 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $1.0M | 6,571 | 0.8% | 7 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $948.8K | 35,803 | 0.7% | 7 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $906.7K | 2,770 | 0.7% | 7 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $788.5K | 657 | 0.6% | 7 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $745.6K | 10,464 | 0.6% | 7 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $726.2K | 8,431 | 0.6% | 7 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $724.4K | 5,478 | 0.6% | 5 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $720.7K | 3,900 | 0.6% | 1 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $701.5K | 6,194 | 0.5% | 7 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $647.2K | 691 | 0.5% | 7 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $573.5K | 6,904 | 0.4% | 7 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $500.2K | 4,865 | 0.4% | 7 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $473.5K | 2,893 | 0.4% | 7 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $419.7K | 2,652 | 0.3% | 7 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $408.3K | 3,811 | 0.3% | 7 |
| WISDOMTREE TR | [WTAI](https://holderbook.com/stocks/WTAI/) | $340.2K | 7,166 | 0.3% | 7 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $323.9K | 8,784 | 0.3% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $309.3K | 1,546 | 0.2% | 7 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $303.9K | 591 | 0.2% | 7 |
| ISHARES TR | [FLOT](https://holderbook.com/stocks/FLOT/) | $286.9K | 5,620 | 0.2% | 7 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $278.9K | 2,344 | 0.2% | 7 |
| GLOBAL X FDS | [FINX](https://holderbook.com/stocks/FINX/) | $262.6K | 10,636 | 0.2% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $259.2K | 755 | 0.2% | 7 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $251.2K | 989 | 0.2% | 7 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $242.9K | 1,162 | 0.2% | 7 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $242.4K | 896 | 0.2% | 7 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $221.5K | 219 | 0.2% | 7 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $220.8K | 1,013 | 0.2% | 7 |
| ISHARES TR | [CMF](https://holderbook.com/stocks/CMF/) | $215.8K | 3,744 | 0.2% | 7 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $210.4K | 2,588 | 0.2% | 7 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $207.4K | 1,482 | 0.2% | 7 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $192.4K | 1,523 | 0.1% | 7 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $187.9K | 519 | 0.1% | 7 |
| ISHARES TR | [ESML](https://holderbook.com/stocks/ESML/) | $185.9K | 3,323 | 0.1% | 7 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $185.6K | 252 | 0.1% | 7 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $179.1K | 1,973 | 0.1% | 7 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $154.1K | 691 | 0.1% | 7 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $153.9K | 1,288 | 0.1% | 6 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $149.1K | 143 | 0.1% | 7 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $145.1K | 2,546 | 0.1% | 7 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $143.4K | 1,116 | 0.1% | 7 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $142.9K | 1,729 | 0.1% | 7 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $137.8K | 3,040 | 0.1% | 7 |
| SELECT SECTOR SPDR TR | [XLRE](https://holderbook.com/stocks/XLRE/) | $135.4K | 3,075 | 0.1% | 7 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $133.8K | 988 | 0.1% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $130.1K | 260 | 0.1% | 7 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $122.0K | 2,117 | 0.1% | 7 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $112.5K | 117 | 0.1% | 7 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $112.0K | 1,214 | 0.1% | 7 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $110.7K | 1,220 | 0.1% | 7 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $110.1K | 323 | 0.1% | 2 |
| FIRST TR EXCHNG TRADED FD VI | [CRPT](https://holderbook.com/stocks/CRPT/) | $109.4K | 9,627 | 0.1% | 7 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $108.1K | 260 | 0.1% | 7 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $107.6K | 338 | 0.1% | 7 |
| EQUITY RESIDENTIAL | [EQR](https://holderbook.com/stocks/EQR/) | $102.2K | 1,505 | 0.1% | 7 |
| AVALONBAY CMNTYS INC | [AVB](https://holderbook.com/stocks/AVB/) | $99.6K | 528 | 0.1% | 7 |
| HEALTHPEAK PROPERTIES INC | [DOC](https://holderbook.com/stocks/DOC/) | $99.1K | 4,630 | 0.1% | 7 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $96.9K | 661 | 0.1% | 7 |
| MID-AMER APT CMNTYS INC | [MAA](https://holderbook.com/stocks/MAA/) | $92.1K | 663 | 0.1% | 7 |
| EXTRA SPACE STORAGE INC | [EXR](https://holderbook.com/stocks/EXR/) | $91.0K | 626 | 0.1% | 7 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $87.5K | 1,212 | 0.1% | 7 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $84.2K | 3,497 | 0.1% | 7 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $71.8K | 439 | 0.1% | 7 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $71.5K | 1,286 | 0.1% | 7 |
| AMPLIFY ETF TR | [BATT](https://holderbook.com/stocks/BATT/) | $67.5K | 4,393 | 0.1% | 7 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $63.0K | 357 | 0.0% | 7 |
| IREN LIMITED | [IREN](https://holderbook.com/stocks/IREN/) | $57.1K | 1,248 | 0.0% | 4 |
| SPDR SERIES TRUST | [XHE](https://holderbook.com/stocks/XHE/) | $49.3K | 585 | 0.0% | 7 |
| CIPHER DIGITAL INC | [CIFR](https://holderbook.com/stocks/CIFR/) | $49.2K | 2,008 | 0.0% | 4 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $48.5K | 358 | 0.0% | 7 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $47.5K | 130 | 0.0% | 7 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $47.0K | 294 | 0.0% | 7 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $44.8K | 60 | 0.0% | 7 |
| SPDR SERIES TRUST | [KOMP](https://holderbook.com/stocks/KOMP/) | $44.0K | 615 | 0.0% | 7 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $40.2K | 342 | 0.0% | 7 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $39.1K | 426 | 0.0% | 7 |
| ISHARES TR | [XJH](https://holderbook.com/stocks/XJH/) | $35.5K | 680 | 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 | +15.5% | +14.8% | +0.6% | 100% |
| Q1 2026 | -4.8% | -4.6% | -0.2% | 100% |
| Q4 2025 | +1.0% | +2.4% | -1.4% | 100% |
| Q3 2025 | +9.1% | +7.8% | +1.3% | 100% |
| Q2 2025 | +12.4% | +10.5% | +2.0% | 100% |
| Q1 2025 | -4.9% | -4.6% | -0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $128.9M | 136 |
| Q1 2026 | $108.7M | 154 |
| Q4 2025 | $118.1M | 144 |
| Q3 2025 | $115.9M | 143 |
| Q2 2025 | $112.8M | 146 |
| Q1 2025 | $104.7M | 152 |
| Q4 2024 | $109.3M | 176 |