# Salomon & Ludwin, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1766156. Source: https://holderbook.com/funds/1766156-salomon-ludwin-llc/

- Reported value: $1.2B
- Positions: 2,116
- Weight of the ten largest: 43.1%
- Filed: 2026-08-07

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 | [IVW](https://holderbook.com/stocks/IVW/) | $79.1M | 578,289 | 6.5% | 31 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $77.3M | 726,711 | 6.4% | 15 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $75.3M | 404,790 | 6.2% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JMST](https://holderbook.com/stocks/JMST/) | $61.2M | 1,202,000 | 5.0% | 10 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $51.4M | 75,056 | 4.2% | 27 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $49.3M | 539,532 | 4.1% | 16 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $40.8M | 179,309 | 3.4% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $30.2M | 40,540 | 2.5% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $29.8M | 423,984 | 2.5% | 27 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $29.3M | 578,375 | 2.4% | 14 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $27.3M | 253,804 | 2.2% | 15 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $26.3M | 344,299 | 2.2% | 31 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $25.8M | 443,813 | 2.1% | 15 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $23.2M | 60,342 | 1.9% | 31 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $21.3M | 206,707 | 1.8% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $21.2M | 70,681 | 1.7% | 31 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $20.3M | 128,393 | 1.7% | 25 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $20.2M | 68,528 | 1.7% | 31 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $19.2M | 165,410 | 1.6% | 31 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $18.4M | 155,065 | 1.5% | 31 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $17.3M | 201,162 | 1.4% | 31 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $15.9M | 99,600 | 1.3% | 31 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $15.8M | 269,897 | 1.3% | 13 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $15.4M | 279,970 | 1.3% | 31 |
| SPDR SERIES TRUST | [SPTI](https://holderbook.com/stocks/SPTI/) | $15.2M | 536,824 | 1.2% | 13 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $14.6M | 178,384 | 1.2% | 13 |
| ISHARES TR | [IJJ](https://holderbook.com/stocks/IJJ/) | $13.9M | 94,459 | 1.1% | 31 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $13.5M | 91,530 | 1.1% | 31 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $10.8M | 58,790 | 0.9% | 31 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $10.8M | 212,790 | 0.9% | 19 |
| ISHARES TR | [IJT](https://holderbook.com/stocks/IJT/) | $10.2M | 59,814 | 0.8% | 31 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $9.4M | 113,058 | 0.8% | 31 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $8.9M | 110,644 | 0.7% | 27 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $8.9M | 134,008 | 0.7% | 31 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $8.9M | 74,840 | 0.7% | 28 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $8.5M | 11,292 | 0.7% | 19 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $7.3M | 101,548 | 0.6% | 18 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $6.3M | 16,077 | 0.5% | 7 |
| ISHARES TR | [IXG](https://holderbook.com/stocks/IXG/) | $6.2M | 49,345 | 0.5% | 26 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $5.7M | 93,694 | 0.5% | 28 |
| SPDR SERIES TRUST | [SLYV](https://holderbook.com/stocks/SLYV/) | $5.5M | 50,142 | 0.4% | 28 |
| VANGUARD WORLD FD | [VCR](https://holderbook.com/stocks/VCR/) | $5.4M | 13,651 | 0.4% | 26 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $5.4M | 39,626 | 0.4% | 31 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $5.2M | 34,033 | 0.4% | 31 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $5.1M | 16,849 | 0.4% | 17 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $4.9M | 27,598 | 0.4% | 20 |
| INVESCO EXCHANGE TRADED FD T | [PEY](https://holderbook.com/stocks/PEY/) | $4.8M | 203,973 | 0.4% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $4.7M | 32,744 | 0.4% | 15 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $4.6M | 57,421 | 0.4% | 21 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $4.6M | 67,733 | 0.4% | 31 |
| VANGUARD WORLD FD | [VIS](https://holderbook.com/stocks/VIS/) | $4.5M | 12,629 | 0.4% | 26 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $4.4M | 28,160 | 0.4% | 22 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $4.3M | 36,510 | 0.4% | 20 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $4.2M | 37,636 | 0.3% | 15 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $4.0M | 74,585 | 0.3% | 31 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $3.9M | 5,616 | 0.3% | 28 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.7M | 15,263 | 0.3% | 24 |
| FIRST TR EXCHANGE-TRADED FD | [FDL](https://holderbook.com/stocks/FDL/) | $3.5M | 72,191 | 0.3% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $3.5M | 59,601 | 0.3% | 15 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $3.4M | 15,616 | 0.3% | 31 |
| WISDOMTREE TR | [AIVL](https://holderbook.com/stocks/AIVL/) | $3.2M | 24,856 | 0.3% | 31 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $3.1M | 58,991 | 0.3% | 15 |
| NEWMARKET CORP | [NEU](https://holderbook.com/stocks/NEU/) | $2.9M | 3,740 | 0.2% | 21 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $2.8M | 12,749 | 0.2% | 16 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.8M | 13,938 | 0.2% | 12 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.7M | 7,500 | 0.2% | 23 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $2.6M | 9,806 | 0.2% | 31 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $2.5M | 20,517 | 0.2% | 31 |
| WISDOMTREE TR | [DON](https://holderbook.com/stocks/DON/) | $2.2M | 38,454 | 0.2% | 31 |
| WISDOMTREE TR | [DES](https://holderbook.com/stocks/DES/) | $2.1M | 50,460 | 0.2% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $2.0M | 3,123 | 0.2% | 12 |
| SPDR SERIES TRUST | [MDYG](https://holderbook.com/stocks/MDYG/) | $2.0M | 17,717 | 0.2% | 22 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.0M | 1,638 | 0.2% | 20 |
| VANGUARD WORLD FD | [VDE](https://holderbook.com/stocks/VDE/) | $1.9M | 12,627 | 0.2% | 26 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.8M | 21,902 | 0.1% | 19 |
| SPDR SERIES TRUST | [MDYV](https://holderbook.com/stocks/MDYV/) | $1.8M | 18,845 | 0.1% | 20 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.7M | 5,155 | 0.1% | 20 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.7M | 6,720 | 0.1% | 31 |
| ISHARES TR | [ITA](https://holderbook.com/stocks/ITA/) | $1.7M | 6,870 | 0.1% | 17 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $1.6M | 7,612 | 0.1% | 22 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.5M | 4,323 | 0.1% | 22 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $1.5M | 4,907 | 0.1% | 26 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.4M | 3,902 | 0.1% | 13 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.3M | 5,275 | 0.1% | 19 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.3M | 3,475 | 0.1% | 19 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.2M | 2,852 | 0.1% | 12 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $1.1M | 21,859 | 0.1% | 27 |
| SPDR SERIES TRUST | [SLYG](https://holderbook.com/stocks/SLYG/) | $1.1M | 9,398 | 0.1% | 19 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.0M | 1,410 | 0.1% | 31 |
| ATLANTIC UN BANKSHARES CORP | [AUB](https://holderbook.com/stocks/AUB/) | $958.0K | 22,182 | 0.1% | 21 |
| SSGA ACTIVE ETF TR | [RLY](https://holderbook.com/stocks/RLY/) | $957.3K | 27,925 | 0.1% | 1 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $957.1K | 10,318 | 0.1% | 12 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $901.3K | 8,978 | 0.1% | 15 |
| PRA GROUP INC | [PRAA](https://holderbook.com/stocks/PRAA/) | $896.8K | 46,881 | 0.1% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $876.4K | 6,900 | 0.1% | 20 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $876.1K | 6,429 | 0.1% | 19 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $866.7K | 874 | 0.1% | 15 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $841.0K | 2,243 | 0.1% | 12 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $826.1K | 2,258 | 0.1% | 26 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $823.6K | 2,582 | 0.1% | 18 |

## 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 | +11.0% | +14.8% | -3.8% | 99% |
| Q1 2026 | -2.1% | -4.6% | +2.5% | 99% |
| Q4 2025 | +1.0% | +2.4% | -1.4% | 99% |
| Q3 2025 | +5.7% | +7.8% | -2.1% | 99% |
| Q2 2025 | +7.1% | +10.5% | -3.4% | 100% |
| Q1 2025 | -2.7% | -4.6% | +1.8% | 100% |
| Q4 2024 | -0.3% | +2.1% | -2.5% | 100% |
| Q3 2024 | +5.5% | +5.4% | +0.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.2B | 2,116 |
| Q1 2026 | $1.1B | 2,092 |
| Q4 2025 | $1.1B | 2,137 |
| Q3 2025 | $1.1B | 2,148 |
| Q2 2025 | $1.0B | 1,117 |
| Q1 2025 | $938.2M | 714 |
| Q4 2024 | $943.9M | 718 |
| Q3 2024 | $981.9M | 732 |
| Q2 2024 | $895.9M | 733 |
| Q1 2024 | $1.2B | 846 |
| Q4 2023 | $958.0M | 764 |
| Q3 2023 | $958.0M | 761 |