# Zhang Financial LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1776290. Source: https://holderbook.com/funds/1776290-zhang-financial-llc/

- Reported value: $3.4B
- Positions: 392
- Weight of the ten largest: 48.4%
- Filed: 2026-07-30

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 |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $235.6M | 342,986 | 6.9% | 44 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $218.0M | 2,660,097 | 6.4% | 16 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $204.8M | 1,246,429 | 6.0% | 39 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $203.6M | 550,162 | 5.9% | 58 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $192.0M | 2,246,322 | 5.6% | 47 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $146.9M | 1,914,897 | 4.3% | 18 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $143.7M | 3,238,499 | 4.2% | 21 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $116.1M | 739,897 | 3.4% | 50 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $108.3M | 1,094,000 | 3.2% | 22 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $87.1M | 2,110,994 | 2.5% | 18 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $70.7M | 962,703 | 2.1% | 58 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $66.3M | 229,050 | 1.9% | 56 |
| VANGUARD MALVERN FDS | [VCRB](https://holderbook.com/stocks/VCRB/) | $56.2M | 727,196 | 1.6% | 6 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $54.9M | 226,097 | 1.6% | 58 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $54.3M | 343,695 | 1.6% | 18 |
| AMERICAN CENTY ETF TR | [AVDE](https://holderbook.com/stocks/AVDE/) | $42.4M | 475,617 | 1.2% | 12 |
| BNY MELLON ETF TRUST | [BKLC](https://holderbook.com/stocks/BKLC/) | $41.7M | 290,869 | 1.2% | 22 |
| DIMENSIONAL ETF TRUST | [DFAU](https://holderbook.com/stocks/DFAU/) | $35.6M | 688,300 | 1.0% | 17 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $35.3M | 467,941 | 1.0% | 21 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $33.9M | 393,248 | 1.0% | 29 |
| AMERICAN CENTY ETF TR | [AVUS](https://holderbook.com/stocks/AVUS/) | $33.2M | 259,250 | 1.0% | 13 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $32.6M | 103,679 | 1.0% | 57 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $32.6M | 162,963 | 1.0% | 21 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $32.6M | 457,396 | 1.0% | 29 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $31.3M | 396,363 | 0.9% | 18 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $30.8M | 26,652 | 0.9% | 19 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $30.3M | 376,125 | 0.9% | 58 |
| DIMENSIONAL ETF TRUST | [DFSV](https://holderbook.com/stocks/DFSV/) | $29.1M | 750,732 | 0.9% | 15 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $28.4M | 76,072 | 0.8% | 42 |
| VANGUARD ADMIRAL FDS INC | [VOOV](https://holderbook.com/stocks/VOOV/) | $27.2M | 124,151 | 0.8% | 12 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $24.5M | 196,622 | 0.7% | 13 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $23.7M | 269,582 | 0.7% | 13 |
| VANGUARD SCOTTSDALE FDS | [VONE](https://holderbook.com/stocks/VONE/) | $23.6M | 69,623 | 0.7% | 18 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $23.4M | 257,479 | 0.7% | 15 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $22.6M | 63,201 | 0.7% | 32 |
| VANGUARD SCOTTSDALE FDS | [VONV](https://holderbook.com/stocks/VONV/) | $22.2M | 208,518 | 0.6% | 22 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $21.7M | 90,935 | 0.6% | 40 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $21.7M | 97,906 | 0.6% | 58 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $20.9M | 163,754 | 0.6% | 16 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $19.3M | 25,876 | 0.6% | 58 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $19.2M | 25,602 | 0.6% | 58 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $19.1M | 660,423 | 0.6% | 31 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $16.6M | 154,233 | 0.5% | 58 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $15.9M | 572,438 | 0.5% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $15.1M | 252,161 | 0.4% | 58 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $14.5M | 66,394 | 0.4% | 58 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $13.0M | 25,978 | 0.4% | 58 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $12.9M | 42,890 | 0.4% | 20 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $12.9M | 34,033 | 0.4% | 20 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $12.4M | 22,042 | 0.4% | 14 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $12.1M | 11,361 | 0.4% | 48 |
| SPDR SERIES TRUST | [SPMD](https://holderbook.com/stocks/SPMD/) | $11.5M | 170,413 | 0.3% | 11 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $11.3M | 110,505 | 0.3% | 11 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $11.0M | 330,775 | 0.3% | 10 |
| VANGUARD INSTL INDEX FD | [VGUS](https://holderbook.com/stocks/VGUS/) | $10.7M | 141,305 | 0.3% | 3 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $10.5M | 98,577 | 0.3% | 18 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $9.3M | 37,000 | 0.3% | 20 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $9.1M | 27,780 | 0.3% | 21 |
| VANGUARD ADMIRAL FDS INC | [VOOG](https://holderbook.com/stocks/VOOG/) | $8.6M | 104,229 | 0.3% | 13 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $8.6M | 73,231 | 0.3% | 22 |
| SPDR SERIES TRUST | [SPAB](https://holderbook.com/stocks/SPAB/) | $8.6M | 335,040 | 0.2% | 11 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $8.0M | 100,369 | 0.2% | 18 |
| FERGUSON ENTERPRISES INC | [FERG](https://holderbook.com/stocks/FERG/) | $7.9M | 33,468 | 0.2% | 5 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $7.9M | 10,703 | 0.2% | 20 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $7.7M | 21,288 | 0.2% | 24 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $7.7M | 7,607 | 0.2% | 15 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $7.7M | 10,626 | 0.2% | 13 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $7.7M | 80,174 | 0.2% | 22 |
| DIMENSIONAL ETF TRUST | [DFAS](https://holderbook.com/stocks/DFAS/) | $7.6M | 92,604 | 0.2% | 18 |
| VANGUARD WORLD FD | [MGC](https://holderbook.com/stocks/MGC/) | $7.1M | 25,912 | 0.2% | 16 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $6.7M | 55,695 | 0.2% | 26 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $6.4M | 126,633 | 0.2% | 10 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $6.3M | 18,691 | 0.2% | 2 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $5.7M | 41,325 | 0.2% | 58 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $5.6M | 15,924 | 0.2% | 30 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $5.3M | 69,768 | 0.2% | 58 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $5.2M | 12,356 | 0.2% | 24 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $5.0M | 19,501 | 0.1% | 57 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $5.0M | 43,714 | 0.1% | 30 |
| VANGUARD BD INDEX FDS | [VUSB](https://holderbook.com/stocks/VUSB/) | $4.9M | 99,319 | 0.1% | 7 |
| VANGUARD WHITEHALL FDS | [VYMI](https://holderbook.com/stocks/VYMI/) | $4.9M | 50,223 | 0.1% | 16 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $4.8M | 5,175 | 0.1% | 14 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $4.7M | 15,440 | 0.1% | 19 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $4.6M | 19,251 | 0.1% | 36 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $4.6M | 3,795 | 0.1% | 21 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $4.5M | 56,984 | 0.1% | 6 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $4.4M | 63,378 | 0.1% | 17 |
| VANGUARD SCOTTSDALE FDS | [VTWV](https://holderbook.com/stocks/VTWV/) | $4.3M | 21,923 | 0.1% | 2 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $4.2M | 12,192 | 0.1% | 22 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $4.1M | 14,588 | 0.1% | 24 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $4.1M | 9,511 | 0.1% | 58 |
| VANGUARD INSTL INDEX FD | [VBIL](https://holderbook.com/stocks/VBIL/) | $4.0M | 53,135 | 0.1% | 2 |
| APPLIED INDL TECHNOLOGIES IN | [AIT](https://holderbook.com/stocks/AIT/) | $4.0M | 11,844 | 0.1% | 17 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $4.0M | 24,217 | 0.1% | 13 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $3.8M | 8,317 | 0.1% | 13 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $3.8M | 39,319 | 0.1% | 58 |
| VANGUARD SCOTTSDALE FDS | [VTWO](https://holderbook.com/stocks/VTWO/) | $3.8M | 31,176 | 0.1% | 4 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $3.8M | 25,583 | 0.1% | 58 |
| GLAUKOS CORP | [GKOS](https://holderbook.com/stocks/GKOS/) | $3.7M | 26,499 | 0.1% | 4 |
| BNY MELLON ETF TRUST | [BKIE](https://holderbook.com/stocks/BKIE/) | $3.6M | 36,261 | 0.1% | 19 |

## 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 | +11.4% | +14.8% | -3.5% | 100% |
| Q1 2026 | -2.2% | -4.6% | +2.4% | 100% |
| Q4 2025 | +2.3% | +2.4% | -0.0% | 100% |
| Q3 2025 | +7.1% | +7.8% | -0.8% | 100% |
| Q2 2025 | +8.8% | +10.5% | -1.7% | 100% |
| Q1 2025 | -2.6% | -4.6% | +2.0% | 100% |
| Q4 2024 | +0.1% | +2.1% | -2.0% | 100% |
| Q3 2024 | +6.4% | +5.4% | +1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $3.4B | 392 |
| Q1 2026 | $2.9B | 367 |
| Q4 2025 | $2.7B | 339 |
| Q3 2025 | $2.5B | 316 |
| Q2 2025 | $2.2B | 291 |
| Q1 2025 | $1.9B | 301 |
| Q4 2024 | $1.7B | 295 |
| Q3 2024 | $1.6B | 276 |
| Q2 2024 | $1.4B | 267 |
| Q1 2024 | $1.3B | 266 |
| Q4 2023 | $1.2B | 254 |
| Q3 2023 | $986.7M | 232 |