# Vermillion Wealth Management, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1737012. Source: https://holderbook.com/funds/1737012-vermillion-wealth-management-inc/

- Reported value: $426.5M
- Positions: 1,545
- Weight of the ten largest: 46.4%
- Filed: 2026-07-16

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 |
|---|---|---|---|---|---|
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $55.8M | 681,053 | 13.1% | 7 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $23.5M | 319,746 | 5.5% | 7 |
| DIMENSIONAL ETF TRUST | [DFCF](https://holderbook.com/stocks/DFCF/) | $20.3M | 482,080 | 4.8% | 7 |
| DIMENSIONAL ETF TRUST | [DFGX](https://holderbook.com/stocks/DFGX/) | $19.1M | 357,028 | 4.5% | 7 |
| SCHWAB SHORT-TERM BOND INDEX | - | $18.1M | 1,889,348 | 4.2% | 1 |
| SCHWAB US TREASURY MONEY ULTRA | - | $16.0M | 16,021,155 | 3.8% | 1 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $14.6M | 353,529 | 3.4% | 7 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $13.0M | 108,590 | 3.0% | 7 |
| DIMENSIONAL ETF TRUST | [DFAS](https://holderbook.com/stocks/DFAS/) | $9.8M | 119,256 | 2.3% | 7 |
| DIMENSIONAL ETF TRUST | [DFAE](https://holderbook.com/stocks/DFAE/) | $7.6M | 188,079 | 1.8% | 7 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $6.3M | 26,683 | 1.5% | 7 |
| VANGUARD TAX-EXEMPT BOND INDEX ADMIRAL | - | $5.5M | 273,132 | 1.3% | 1 |
| SCHWAB TREASURY OBLIG MO | - | $5.3M | 5,251,630 | 1.2% | 1 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $5.2M | 165,107 | 1.2% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $5.2M | 10,431 | 1.2% | 7 |
| VANGUARD 500 INDEX ADMIRAL | - | $5.0M | 7,285 | 1.2% | 1 |
| SCHWAB US TREASURY MONEY INVESTOR | - | $5.0M | 4,961,333 | 1.2% | 1 |
| SCHWAB S&P 500 INDEX | - | $4.7M | 241,493 | 1.1% | 1 |
| SCHWAB US AGGREGATE BOND INDEX | - | $3.9M | 438,802 | 0.9% | 1 |
| VANGUARD SCOTTSDALE FDS | [VTWG](https://holderbook.com/stocks/VTWG/) | $3.9M | 13,504 | 0.9% | 7 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $3.8M | 5,521 | 0.9% | 7 |
| DIMENSIONAL ETF TRUST | [DFNM](https://holderbook.com/stocks/DFNM/) | $3.6M | 73,634 | 0.8% | 7 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $3.5M | 2,953 | 0.8% | 7 |
| DFA US LARGE COMPANY I | - | $3.1M | 62,518 | 0.7% | 1 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $2.8M | 28,645 | 0.6% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.6M | 9,087 | 0.6% | 7 |
| SCHWAB VALUE ADVANTAGE M | - | $2.6M | 2,577,503 | 0.6% | 1 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $2.4M | 48,257 | 0.6% | 7 |
| DFA MN MUNICIPAL BOND INSTITUTIONAL | - | $2.4M | 245,436 | 0.6% | 1 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.3M | 2,196 | 0.5% | 7 |
| US TREASUR NT | - | $2.1M | 2,152,000 | 0.5% | 1 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $2.1M | 13,464 | 0.5% | 7 |
| SCHWAB MUNICIPAL MONEY INV | - | $2.0M | 2,043,508 | 0.5% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.9M | 9,558 | 0.4% | 7 |
| US TREASURY | - | $1.7M | 1,672,000 | 0.4% | 1 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $1.6M | 23,336 | 0.4% | 7 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $1.6M | 36,543 | 0.4% | 7 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $1.6M | 54,290 | 0.4% | 7 |
| SPDR SERIES TRUST | [XME](https://holderbook.com/stocks/XME/) | $1.6M | 14,869 | 0.4% | 7 |
| DIMENSIONAL ETF TRUST | [DFSB](https://holderbook.com/stocks/DFSB/) | $1.6M | 29,868 | 0.4% | 7 |
| SCHWAB TOTAL STOCK MARKET INDEX | - | $1.5M | 83,300 | 0.4% | 1 |
| ISHARES INC | [PICK](https://holderbook.com/stocks/PICK/) | $1.4M | 24,712 | 0.3% | 7 |
| DIMENSIONAL ETF TRUST | [DFIS](https://holderbook.com/stocks/DFIS/) | $1.4M | 39,619 | 0.3% | 7 |
| DFA US CORE EQUITY 2 I | - | $1.4M | 27,737 | 0.3% | 1 |
| VANGUARD SCOTTSDALE FDS | [VTWO](https://holderbook.com/stocks/VTWO/) | $1.3M | 10,667 | 0.3% | 7 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $1.3M | 15,756 | 0.3% | 7 |
| DIAMOND HILL CORE BOND I | - | $1.3M | 139,776 | 0.3% | 1 |
| VANGUARD INDEX FDS | - | $1.2M | 3,007 | 0.3% | 1 |
| SCHWAB TREASURY OBLIG MONEY ULTRA | - | $1.2M | 1,167,379 | 0.3% | 1 |
| UNITED STATES TREASURY NOTES NOTE | - | $1.2M | 1,182,000 | 0.3% | 1 |
| DIMENSIONAL ETF TRUST | [DFSU](https://holderbook.com/stocks/DFSU/) | $1.1M | 24,284 | 0.3% | 7 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.1M | 1,501 | 0.3% | 7 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $1.1M | 5,880 | 0.3% | 7 |
| Artisan Intl Fund Adv | - | $1.1M | 31,614 | 0.3% | 1 |
| MINNESOTA ST 5 26GO UTX DUE 08/01/26 | - | $1.0M | 1,000,000 | 0.2% | 1 |
| ROSEMOUNT MINN 4 48GO UTX DUE 02/01/48OID | - | $1.0M | 1,045,000 | 0.2% | 1 |
| SCHWAB MUNICIPAL MONEY ULTRA | - | $950.0K | 949,984 | 0.2% | 1 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $939.9K | 13,820 | 0.2% | 2 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $930.8K | 2,515 | 0.2% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $927.6K | 3,892 | 0.2% | 7 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $926.9K | 8,184 | 0.2% | 7 |
| DFA SHORT TERM MUNICIPAL BOND I | - | $831.0K | 81,715 | 0.2% | 1 |
| COLUMBIA SELIGMAN TECH & INFO INST2 | - | $822.2K | 2,701 | 0.2% | 1 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $799.3K | 9,351 | 0.2% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $742.3K | 1,990 | 0.2% | 7 |
| DFA INVESTMENT GRADE I | - | $740.5K | 73,242 | 0.2% | 1 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $728.7K | 21,535 | 0.2% | 7 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $684.9K | 8,288 | 0.2% | 7 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $682.6K | 1,077 | 0.2% | 7 |
| HORMEL FOODS CORP | [HRL](https://holderbook.com/stocks/HRL/) | $652.0K | 26,269 | 0.2% | 7 |
| DFA DIVERSIFIED FIXED INCOME FUND INST'L CLASS | - | $641.4K | 69,112 | 0.2% | 1 |
| SCHWAB SMALL-CAP INDEX | - | $615.4K | 12,608 | 0.1% | 1 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $612.7K | 16,443 | 0.1% | 7 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $606.1K | 1,441 | 0.1% | 7 |
| FIDELITY TREND FD INC COM | - | $606.0K | 2,608 | 0.1% | 1 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $579.6K | 20,923 | 0.1% | 7 |
| BLACKROCK ETF TRUST | [BAI](https://holderbook.com/stocks/BAI/) | $558.1K | 10,586 | 0.1% | 1 |
| SCHWAB INTERNATIONAL INDEX | - | $546.6K | 17,288 | 0.1% | 1 |
| DIMENSIONAL ETF TRUST | [DFSI](https://holderbook.com/stocks/DFSI/) | $538.5K | 11,940 | 0.1% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $529.2K | 1,480 | 0.1% | 7 |
| SOUTH WASHINGTON CN 4 42GO UTX DUE 02/01/42 | - | $502.6K | 500,000 | 0.1% | 1 |
| AMERICAN FUNDS WASHINGTO | - | $486.5K | 7,277 | 0.1% | 1 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $461.9K | 1,658 | 0.1% | 7 |
| HILLS-BEAVER CREEK 4 40GO UTX DUE 02/01/40 | - | $457.0K | 450,000 | 0.1% | 1 |
| ELK RIVER MINN INDP 4 41GO UTX DUE 02/01/41 | - | $455.3K | 450,000 | 0.1% | 1 |
| SCHWAB STRATEGIC TR | [SCHR](https://holderbook.com/stocks/SCHR/) | $441.2K | 17,891 | 0.1% | 7 |
| FIDELITY MAGELLAN FUND | - | $438.0K | 27,777 | 0.1% | 1 |
| ISHARES TR | [ITA](https://holderbook.com/stocks/ITA/) | $436.9K | 1,802 | 0.1% | 7 |
| FIRST TR EXCH TRADED FD III | [FPE](https://holderbook.com/stocks/FPE/) | $434.9K | 24,322 | 0.1% | 7 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $423.0K | 18,287 | 0.1% | 7 |
| DFA WORLD EX US CORE EQUITY INSTL | - | $422.3K | 22,390 | 0.1% | 1 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $415.0K | 353 | 0.1% | 7 |
|  | - | $401.3K | 400,000 | 0.1% | 1 |
|  | - | $400.8K | 415,000 | 0.1% | 1 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $396.9K | 5,802 | 0.1% | 7 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $393.6K | 4,569 | 0.1% | 7 |
| COLUMBIA LARGE CAP INDEX INST | - | $392.4K | 6,847 | 0.1% | 1 |
| FRANKLIN INCOME ADV | - | $387.0K | 153,582 | 0.1% | 1 |
|  | - | $379.2K | 380,000 | 0.1% | 1 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $376.3K | 6,231 | 0.1% | 7 |

## 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 | +10.3% | +14.8% | -4.5% | 99% |
| Q1 2026 | -1.4% | -4.6% | +3.3% | 99% |
| Q4 2025 | +1.5% | +2.4% | -0.9% | 73% |
| Q3 2025 | +5.9% | +7.8% | -2.0% | 100% |
| Q2 2025 | +5.3% | +10.5% | -5.2% | 67% |
| Q1 2025 | -0.8% | -4.6% | +3.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $426.5M | 1,545 |
| Q1 2026 | $254.8M | 1,560 |
| Q4 2025 | $246.1M | 620 |
| Q3 2025 | $370.2M | 1,529 |
| Q2 2025 | $209.5M | 532 |
| Q1 2025 | $340.7M | 1,322 |
| Q4 2024 | $195.3M | 550 |