# Avalon Advisory Group

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1802119. Source: https://holderbook.com/funds/1802119-avalon-advisory-group/

- Reported value: $270.8M
- Positions: 14
- Weight of the ten largest: 99.6%
- Filed: 2026-07-29

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 | [VTI](https://holderbook.com/stocks/VTI/) | $142.6M | 385,356 | 52.7% | 27 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $88.1M | 931,110 | 32.5% | 27 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $17.0M | 202,723 | 6.3% | 27 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $8.3M | 50,544 | 3.1% | 26 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $4.9M | 177,423 | 1.8% | 26 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $4.5M | 154,624 | 1.7% | 27 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $2.6M | 30,045 | 0.9% | 27 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $947.6K | 1,380 | 0.3% | 9 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $420.2K | 1,452 | 0.2% | 10 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $400.6K | 1,074 | 0.1% | 10 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $326.3K | 1,631 | 0.1% | 10 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $300.9K | 403 | 0.1% | 9 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $243.4K | 2,072 | 0.1% | 1 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $239.9K | 679 | 0.1% | 1 |

## 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 | +9.2% | +14.8% | -5.6% | 100% |
| Q1 2026 | -2.6% | -4.6% | +2.1% | 100% |
| Q4 2025 | +1.5% | +2.4% | -0.9% | 100% |
| Q3 2025 | +5.4% | +7.8% | -2.4% | 100% |
| Q2 2025 | +7.0% | +10.5% | -3.5% | 100% |
| Q1 2025 | -1.6% | -4.6% | +2.9% | 100% |
| Q4 2024 | -1.4% | +2.1% | -3.5% | 100% |
| Q3 2024 | +5.7% | +5.4% | +0.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $270.8M | 14 |
| Q1 2026 | $247.9M | 12 |
| Q4 2025 | $245.1M | 13 |
| Q3 2025 | $246.7M | 18 |
| Q2 2025 | $232.8M | 16 |
| Q1 2025 | $212.3M | 15 |
| Q4 2024 | $219.0M | 16 |
| Q3 2024 | $220.6M | 15 |
| Q2 2024 | $209.9M | 15 |
| Q1 2024 | $206.5M | 13 |
| Q4 2023 | $191.7M | 7 |
| Q3 2023 | $170.0M | 9 |