# Baldrige Asset Management LLC

> Institutional holdings reported to the SEC as of Q1 2023 on Form 13F. CIK 1761742. Source: https://holderbook.com/funds/1761742-baldrige-asset-management-llc/

- Reported value: $243.8M
- Positions: 395
- Weight of the ten largest: 44.2%
- Filed: 2023-04-17

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 | [DFAC](https://holderbook.com/stocks/DFAC/) | $18.8M | 738,468 | 7.7% | 8 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $17.7M | 232,821 | 7.3% | 17 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $12.3M | 21,927 | 5.0% | 13 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $10.3M | 64,897 | 4.2% | 17 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $9.3M | 56,346 | 3.8% | 17 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $8.5M | 85,175 | 3.5% | 17 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $8.3M | 40,663 | 3.4% | 17 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $8.0M | 42,429 | 3.3% | 17 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $8.0M | 19,397 | 3.3% | 17 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $6.5M | 142,993 | 2.6% | 17 |
| DIMENSIONAL ETF TRUST | [DFAX](https://holderbook.com/stocks/DFAX/) | $5.8M | 250,076 | 2.4% | 7 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $5.4M | 65,432 | 2.2% | 17 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $5.2M | 57,841 | 2.1% | 17 |
| SCHWAB STRATEGIC TR | [SCHJ](https://holderbook.com/stocks/SCHJ/) | $4.9M | 102,217 | 2.0% | 5 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $4.7M | 16,260 | 1.9% | 17 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $4.6M | 68,752 | 1.9% | 17 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $3.8M | 108,245 | 1.5% | 17 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $3.2M | 66,787 | 1.3% | 17 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $3.2M | 29,276 | 1.3% | 17 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $3.2M | 22,877 | 1.3% | 17 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $3.1M | 62,406 | 1.3% | 17 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $3.0M | 112,608 | 1.2% | 8 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $2.9M | 38,819 | 1.2% | 17 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $2.8M | 29,881 | 1.1% | 17 |
| DIMENSIONAL ETF TRUST | [DFAE](https://holderbook.com/stocks/DFAE/) | $2.4M | 105,998 | 1.0% | 8 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $2.3M | 24,060 | 1.0% | 17 |
| DIMENSIONAL ETF TRUST | [DFAU](https://holderbook.com/stocks/DFAU/) | $2.3M | 79,462 | 0.9% | 8 |
| ISHARES TR | [SUSB](https://holderbook.com/stocks/SUSB/) | $2.3M | 94,451 | 0.9% | 14 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.1M | 7,337 | 0.9% | 17 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $2.1M | 27,285 | 0.9% | 17 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $2.1M | 23,725 | 0.9% | 12 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $2.1M | 38,271 | 0.8% | 17 |
| ISHARES TR | [EAGG](https://holderbook.com/stocks/EAGG/) | $2.0M | 42,470 | 0.8% | 14 |
| PIMCO ETF TR | [EMNT](https://holderbook.com/stocks/EMNT/) | $1.8M | 18,761 | 0.8% | 5 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.8M | 5,741 | 0.7% | 17 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $1.8M | 36,677 | 0.7% | 17 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.6M | 39,313 | 0.7% | 17 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $1.5M | 35,708 | 0.6% | 17 |
| ISHARES TR | [ICVT](https://holderbook.com/stocks/ICVT/) | $1.5M | 20,489 | 0.6% | 11 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $1.4M | 9,458 | 0.6% | 17 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $1.4M | 44,377 | 0.6% | 7 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $1.4M | 19,472 | 0.6% | 17 |
| SCHWAB STRATEGIC TR | [SCHC](https://holderbook.com/stocks/SCHC/) | $1.4M | 40,746 | 0.6% | 17 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $1.4M | 43,672 | 0.6% | 11 |
| DIMENSIONAL ETF TRUST | [DFNM](https://holderbook.com/stocks/DFNM/) | $1.4M | 28,034 | 0.6% | 5 |
| ISHARES TR | [ISCF](https://holderbook.com/stocks/ISCF/) | $1.3M | 42,325 | 0.5% | 1 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $1.3M | 51,564 | 0.5% | 17 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $1.2M | 26,516 | 0.5% | 17 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $1.2M | 23,920 | 0.5% | 17 |
| ISHARES TR | [SCZ](https://holderbook.com/stocks/SCZ/) | $1.1M | 18,704 | 0.5% | 17 |
| VANGUARD BD INDEX FDS | [VUSB](https://holderbook.com/stocks/VUSB/) | $1.1M | 22,160 | 0.4% | 8 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $986.0K | 26,390 | 0.4% | 8 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $871.0K | 19,583 | 0.4% | 8 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $833.0K | 10,895 | 0.3% | 17 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $830.0K | 7,595 | 0.3% | 17 |
| ISHARES TR | [IUSV](https://holderbook.com/stocks/IUSV/) | $814.0K | 11,034 | 0.3% | 17 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $813.0K | 12,403 | 0.3% | 17 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $787.0K | 4,111 | 0.3% | 17 |
| UFP INDUSTRIES INC | [UFPI](https://holderbook.com/stocks/UFPI/) | $767.0K | 9,649 | 0.3% | 8 |
| AMERICAN CENTY ETF TR | [AVDV](https://holderbook.com/stocks/AVDV/) | $680.0K | 11,628 | 0.3% | 8 |
| ISHARES TR | [IYR](https://holderbook.com/stocks/IYR/) | $661.0K | 7,785 | 0.3% | 17 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $621.0K | 7,738 | 0.3% | 17 |
| SCHWAB STRATEGIC TR | [FNDF](https://holderbook.com/stocks/FNDF/) | $618.0K | 19,764 | 0.3% | 13 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $595.0K | 8,286 | 0.2% | 8 |
| DIMENSIONAL ETF TRUST | [DFSD](https://holderbook.com/stocks/DFSD/) | $573.0K | 12,285 | 0.2% | 5 |
| DIMENSIONAL ETF TRUST | [DFSU](https://holderbook.com/stocks/DFSU/) | $565.0K | 21,243 | 0.2% | 2 |
| DIMENSIONAL ETF TRUST | [DFSB](https://holderbook.com/stocks/DFSB/) | $528.0K | 10,192 | 0.2% | 2 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $517.0K | 9,667 | 0.2% | 17 |
| DIMENSIONAL ETF TRUST | [DFAS](https://holderbook.com/stocks/DFAS/) | $514.0K | 9,744 | 0.2% | 8 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $496.0K | 9,470 | 0.2% | 8 |
| VANGUARD WHITEHALL FDS | [VWOB](https://holderbook.com/stocks/VWOB/) | $480.0K | 7,710 | 0.2% | 15 |
| NUSHARES ETF TR | [NULV](https://holderbook.com/stocks/NULV/) | $468.0K | 13,740 | 0.2% | 8 |
| DIMENSIONAL ETF TRUST | [DFUV](https://holderbook.com/stocks/DFUV/) | $414.0K | 12,355 | 0.2% | 4 |
| FIDELITY COVINGTON TRUST | [FREL](https://holderbook.com/stocks/FREL/) | $413.0K | 16,560 | 0.2% | 11 |
| SCHWAB STRATEGIC TR | [SCHH](https://holderbook.com/stocks/SCHH/) | $413.0K | 21,200 | 0.2% | 17 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $407.0K | 2,642 | 0.2% | 13 |
| SPDR SERIES TRUST | [SHM](https://holderbook.com/stocks/SHM/) | $400.0K | 8,408 | 0.2% | 8 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $390.0K | 2,188 | 0.2% | 17 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $375.0K | 1,550 | 0.2% | 17 |
| ISHARES TR | [USHY](https://holderbook.com/stocks/USHY/) | $373.0K | 10,488 | 0.2% | 8 |
| INVESCO LTD | [IVZ](https://holderbook.com/stocks/IVZ/) | $363.0K | 22,129 | 0.1% | 17 |
| DIMENSIONAL ETF TRUST | [DFLV](https://holderbook.com/stocks/DFLV/) | $355.0K | 14,460 | 0.1% | 2 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $347.0K | 7,254 | 0.1% | 12 |
| ISHARES TR | [ESML](https://holderbook.com/stocks/ESML/) | $338.0K | 9,951 | 0.1% | 13 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $337.0K | 3,240 | 0.1% | 17 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $334.0K | 3,051 | 0.1% | 17 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $334.0K | 2,155 | 0.1% | 17 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $334.0K | 9,255 | 0.1% | 17 |
| DIMENSIONAL ETF TRUST | [DFSE](https://holderbook.com/stocks/DFSE/) | $333.0K | 11,125 | 0.1% | 2 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $329.0K | 3,101 | 0.1% | 17 |
| BROOKFIELD RENEWABLE ENERGY | [BEP](https://holderbook.com/stocks/BEP/) | $321.0K | 10,178 | 0.1% | 13 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $302.0K | 658 | 0.1% | 12 |
| ISHARES TR | [SUSC](https://holderbook.com/stocks/SUSC/) | $295.0K | 12,797 | 0.1% | 9 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $289.0K | 5,712 | 0.1% | 17 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $273.0K | 549 | 0.1% | 8 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $271.0K | 844 | 0.1% | 16 |
| PPL CORP | [PPL](https://holderbook.com/stocks/PPL/) | $270.0K | 9,700 | 0.1% | 13 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $267.0K | 2,583 | 0.1% | 10 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $250.0K | 4,953 | 0.1% | 11 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $248.0K | 1,353 | 0.1% | 13 |

## 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 |
|---|---|---|---|---|
| Q1 2023 | +5.3% | +7.0% | -1.7% | 100% |
| Q4 2022 | +6.7% | +7.1% | -0.3% | 100% |
| Q3 2022 | -5.3% | -5.3% | +0.0% | 100% |
| Q2 2022 | -13.1% | -16.5% | +3.3% | 100% |
| Q1 2022 | -5.6% | -4.9% | -0.7% | 100% |
| Q4 2021 | +5.1% | +10.7% | -5.6% | 100% |
| Q3 2021 | -0.2% | +0.3% | -0.5% | 100% |
| Q2 2021 | +6.4% | +8.0% | -1.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2023 | $243.8M | 395 |
| Q4 2022 | $224.7M | 305 |
| Q3 2022 | $210.1M | 295 |
| Q2 2022 | $218.3M | 303 |
| Q1 2022 | $244.6M | 311 |
| Q4 2021 | $256.7M | 324 |
| Q3 2021 | $240.1M | 350 |
| Q2 2021 | $230.8M | 348 |
| Q1 2021 | $182.9M | 85 |
| Q4 2020 | $168.4M | 85 |
| Q3 2020 | $148.3M | 80 |
| Q2 2020 | $133.0M | 76 |