# XML Financial, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1800465. Source: https://holderbook.com/funds/1800465-xml-financial-llc/

- Reported value: $1.4B
- Positions: 447
- Weight of the ten largest: 26.2%
- Filed: 2026-07-24

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 |
|---|---|---|---|---|---|
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $57.0M | 1,683,381 | 4.1% | 27 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $44.4M | 585,875 | 3.2% | 26 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $43.6M | 1,253,900 | 3.2% | 27 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $35.0M | 292,783 | 2.5% | 26 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $34.9M | 281,379 | 2.5% | 27 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $33.6M | 81,941 | 2.4% | 27 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $33.6M | 115,961 | 2.4% | 27 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $28.0M | 37,445 | 2.0% | 27 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $25.8M | 233,838 | 1.9% | 27 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $24.7M | 317,267 | 1.8% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $21.6M | 57,808 | 1.6% | 27 |
| PIMCO CORPORATE & INCOME OPP | [PTY](https://holderbook.com/stocks/PTY/) | $21.1M | 1,754,583 | 1.5% | 16 |
| SPDR SERIES TRUST | [CWB](https://holderbook.com/stocks/CWB/) | $19.6M | 181,451 | 1.4% | 27 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $18.1M | 36,078 | 1.3% | 27 |
| PIMCO ETF TR | [CORP](https://holderbook.com/stocks/CORP/) | $17.7M | 182,658 | 1.3% | 11 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $15.7M | 42,489 | 1.1% | 27 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $15.4M | 60,680 | 1.1% | 27 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $14.9M | 74,279 | 1.1% | 25 |
| GOLDMAN SACHS ETF TR | [GSLC](https://holderbook.com/stocks/GSLC/) | $14.8M | 104,365 | 1.1% | 27 |
| ISHARES TR | [IYF](https://holderbook.com/stocks/IYF/) | $14.5M | 113,768 | 1.1% | 27 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $14.3M | 121,978 | 1.0% | 27 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $14.1M | 155,578 | 1.0% | 27 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $13.0M | 36,391 | 0.9% | 27 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $13.0M | 39,600 | 0.9% | 27 |
| PACER FDS TR | [COWZ](https://holderbook.com/stocks/COWZ/) | $13.0M | 208,239 | 0.9% | 11 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $12.9M | 43,054 | 0.9% | 27 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $12.5M | 52,605 | 0.9% | 27 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $12.4M | 390,817 | 0.9% | 21 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $12.2M | 83,381 | 0.9% | 27 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $12.2M | 50,237 | 0.9% | 27 |
| COHEN & STEERS REIT & PFD & | [RNP](https://holderbook.com/stocks/RNP/) | $12.2M | 598,747 | 0.9% | 9 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $12.1M | 81,300 | 0.9% | 27 |
| INVESCO EXCH TRADED FD TR II | [SPHD](https://holderbook.com/stocks/SPHD/) | $11.8M | 232,722 | 0.9% | 14 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $11.2M | 68,063 | 0.8% | 27 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $11.1M | 195,580 | 0.8% | 27 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $11.0M | 136,272 | 0.8% | 13 |
| SPDR INDEX SHS FDS | [NANR](https://holderbook.com/stocks/NANR/) | $10.7M | 142,187 | 0.8% | 7 |
| FIRST TR EXCH TRADED FD III | [FSMB](https://holderbook.com/stocks/FSMB/) | $10.4M | 519,295 | 0.8% | 1 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $10.1M | 54,882 | 0.7% | 24 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $9.6M | 60,858 | 0.7% | 27 |
|  | - | $9.5M | 189,811 | 0.7% | 1 |
| GOLDMAN SACHS ETF TR | [GPIQ](https://holderbook.com/stocks/GPIQ/) | $9.4M | 159,217 | 0.7% | 10 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $9.0M | 12,508 | 0.7% | 27 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $9.0M | 47,635 | 0.7% | 25 |
| FIRST TR EXCHNG TRADED FD VI | [UCON](https://holderbook.com/stocks/UCON/) | $8.8M | 354,461 | 0.6% | 13 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $8.6M | 171,087 | 0.6% | 14 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $8.6M | 11,670 | 0.6% | 27 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $8.2M | 29,225 | 0.6% | 27 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $7.9M | 22,412 | 0.6% | 27 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $7.8M | 19,777 | 0.6% | 27 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $7.6M | 59,108 | 0.6% | 27 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $7.2M | 32,424 | 0.5% | 27 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $7.0M | 220,289 | 0.5% | 16 |
| EXCHANGE LISTED FDS TR | [CEFS](https://holderbook.com/stocks/CEFS/) | $6.9M | 270,311 | 0.5% | 12 |
| FIRST TR EXCHANGE-TRADED FD | [IGLD](https://holderbook.com/stocks/IGLD/) | $6.8M | 323,020 | 0.5% | 20 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $6.8M | 18,659 | 0.5% | 27 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $6.6M | 21,795 | 0.5% | 25 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $6.4M | 9,256 | 0.5% | 16 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $6.3M | 8,396 | 0.5% | 27 |
| GLOBAL X FDS | [XYLD](https://holderbook.com/stocks/XYLD/) | $6.2M | 152,505 | 0.5% | 5 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $6.1M | 44,004 | 0.4% | 27 |
| GLOBAL X FDS | [DJIA](https://holderbook.com/stocks/DJIA/) | $6.0M | 271,811 | 0.4% | 13 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $6.0M | 72,094 | 0.4% | 10 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $5.8M | 35,027 | 0.4% | 27 |
| WISDOMTREE TR | [DGRS](https://holderbook.com/stocks/DGRS/) | $5.8M | 97,128 | 0.4% | 24 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $5.7M | 41,896 | 0.4% | 27 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $5.6M | 9,702 | 0.4% | 16 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $5.5M | 43,164 | 0.4% | 2 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $5.4M | 38,573 | 0.4% | 27 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $5.2M | 7 | 0.4% | 26 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $5.1M | 47,680 | 0.4% | 11 |
| VANGUARD SCOTTSDALE FDS | [VONV](https://holderbook.com/stocks/VONV/) | $5.1M | 47,665 | 0.4% | 2 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $4.8M | 12,809 | 0.4% | 23 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $4.8M | 33,572 | 0.3% | 27 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $4.8M | 113,361 | 0.3% | 27 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $4.7M | 12,754 | 0.3% | 27 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $4.4M | 42,401 | 0.3% | 24 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $4.4M | 81,823 | 0.3% | 3 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $4.2M | 5,938 | 0.3% | 16 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $4.2M | 70,415 | 0.3% | 3 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $4.1M | 135,552 | 0.3% | 27 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $4.1M | 39,563 | 0.3% | 27 |
| VANGUARD SCOTTSDALE FDS | [VTWO](https://holderbook.com/stocks/VTWO/) | $4.1M | 33,834 | 0.3% | 3 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $3.8M | 183,503 | 0.3% | 27 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $3.8M | 102,139 | 0.3% | 20 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $3.7M | 19,360 | 0.3% | 27 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $3.7M | 3,632 | 0.3% | 23 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $3.5M | 6,931 | 0.3% | 27 |
| PIMCO ETF TR | [MUNI](https://holderbook.com/stocks/MUNI/) | $3.5M | 66,797 | 0.3% | 21 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $3.5M | 3,744 | 0.3% | 24 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $3.4M | 3,211 | 0.2% | 27 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $3.3M | 67,007 | 0.2% | 23 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $3.3M | 55,167 | 0.2% | 27 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $3.3M | 19,418 | 0.2% | 7 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $3.3M | 42,319 | 0.2% | 21 |
| INVESCO EXCHANGE TRADED FD T | [RPG](https://holderbook.com/stocks/RPG/) | $3.2M | 50,646 | 0.2% | 27 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $3.2M | 14,645 | 0.2% | 16 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $3.1M | 6,447 | 0.2% | 11 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $3.0M | 28,260 | 0.2% | 16 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $2.8M | 25,097 | 0.2% | 24 |

## 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% | 100% |
| Q1 2026 | -1.0% | -4.6% | +3.6% | 100% |
| Q4 2025 | +1.8% | +2.4% | -0.5% | 100% |
| Q3 2025 | +6.6% | +7.8% | -1.2% | 100% |
| Q2 2025 | +5.9% | +10.5% | -4.6% | 100% |
| Q1 2025 | -1.8% | -4.6% | +2.7% | 100% |
| Q4 2024 | -0.8% | +2.1% | -2.9% | 100% |
| Q3 2024 | +6.2% | +5.4% | +0.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.4B | 447 |
| Q1 2026 | $1.2B | 421 |
| Q4 2025 | $1.2B | 441 |
| Q3 2025 | $1.2B | 391 |
| Q2 2025 | $1.2B | 375 |
| Q1 2025 | $1.1B | 357 |
| Q4 2024 | $1.1B | 356 |
| Q3 2024 | $1.1B | 348 |
| Q2 2024 | $993.7M | 337 |
| Q1 2024 | $976.5M | 340 |
| Q4 2023 | $948.3M | 332 |
| Q3 2023 | $834.4M | 316 |