# Salvus Wealth Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1809236. Source: https://holderbook.com/funds/1809236-salvus-wealth-management-llc/

- Reported value: $178.5M
- Positions: 125
- Weight of the ten largest: 32.3%
- Filed: 2026-07-10

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 |
|---|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $8.1M | 16,193 | 4.5% | 23 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $7.1M | 19,966 | 4.0% | 23 |
| AST SPACEMOBILE INC | [ASTS](https://holderbook.com/stocks/ASTS/) | $6.3M | 70,399 | 3.5% | 20 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $6.2M | 67,597 | 3.5% | 23 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $5.8M | 20,064 | 3.3% | 23 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $5.7M | 7,816 | 3.2% | 20 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $5.0M | 25,232 | 2.8% | 23 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $5.0M | 22,696 | 2.8% | 23 |
| SOMNIGROUP INTERNATIONAL INC | [SGI](https://holderbook.com/stocks/SGI/) | $4.4M | 55,851 | 2.5% | 23 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $4.1M | 22,882 | 2.3% | 23 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $3.9M | 11,504 | 2.2% | 23 |
| THOR INDS INC | [THO](https://holderbook.com/stocks/THO/) | $3.8M | 50,416 | 2.1% | 23 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $3.5M | 3,615 | 2.0% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.4M | 9,063 | 1.9% | 23 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $3.2M | 18,792 | 1.8% | 6 |
| FLOOR & DECOR HLDGS INC | [FND](https://holderbook.com/stocks/FND/) | $3.1M | 52,616 | 1.7% | 17 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $2.9M | 68,596 | 1.6% | 14 |
| ASBURY AUTOMOTIVE GROUP INC | [ABG](https://holderbook.com/stocks/ABG/) | $2.7M | 13,263 | 1.5% | 9 |
| INSTALLED BLDG PRODS INC | [IBP](https://holderbook.com/stocks/IBP/) | $2.6M | 11,310 | 1.5% | 6 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $2.6M | 1,325 | 1.4% | 23 |
| GOLDMAN SACHS ETF TR | [GBIL](https://holderbook.com/stocks/GBIL/) | $2.6M | 25,778 | 1.4% | 14 |
| ARMSTRONG WORLD INDS INC NEW | [AWI](https://holderbook.com/stocks/AWI/) | $2.4M | 15,141 | 1.4% | 23 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $2.4M | 9,270 | 1.3% | 6 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.3M | 1,893 | 1.3% | 21 |
| LAUDER ESTEE COS INC | [EL](https://holderbook.com/stocks/EL/) | $2.3M | 28,655 | 1.3% | 23 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $2.2M | 16,112 | 1.3% | 6 |
| NVR INC | [NVR](https://holderbook.com/stocks/NVR/) | $2.2M | 321 | 1.2% | 23 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.0M | 7,937 | 1.1% | 23 |
| MOELIS & CO | [MC](https://holderbook.com/stocks/MC/) | $1.9M | 29,689 | 1.1% | 23 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $1.9M | 5,906 | 1.0% | 23 |
| KINSALE CAP GROUP INC | [KNSL](https://holderbook.com/stocks/KNSL/) | $1.8M | 5,561 | 1.0% | 2 |
| SUNBELT RENTALS HOLDINGS INC | [SUNB](https://holderbook.com/stocks/SUNB/) | $1.8M | 24,220 | 1.0% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.7M | 7,211 | 1.0% | 23 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $1.7M | 18,616 | 1.0% | 23 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $1.6M | 4,153 | 0.9% | 23 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $1.6M | 4,935 | 0.9% | 23 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $1.5M | 1,599 | 0.9% | 6 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $1.5M | 5,145 | 0.8% | 23 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.4M | 8,325 | 0.8% | 23 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.3M | 11,237 | 0.7% | 23 |
| CINCINNATI FINL CORP | [CINF](https://holderbook.com/stocks/CINF/) | $1.3M | 7,114 | 0.7% | 23 |
| LOEWS CORP | [L](https://holderbook.com/stocks/L/) | $1.3M | 11,258 | 0.7% | 23 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $1.3M | 7,746 | 0.7% | 23 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $1.3M | 18,361 | 0.7% | 23 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.3M | 29,599 | 0.7% | 23 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $1.2M | 1,703 | 0.7% | 3 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $1.2M | 4,065 | 0.7% | 23 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $1.2M | 16,449 | 0.7% | 23 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.2M | 3,120 | 0.7% | 4 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $1.2M | 6,453 | 0.7% | 23 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.2M | 1,000 | 0.6% | 3 |
| FRANCO NEV CORP | [FNV](https://holderbook.com/stocks/FNV/) | $1.1M | 5,470 | 0.6% | 12 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $1.1M | 18,427 | 0.6% | 3 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.1M | 10,781 | 0.6% | 23 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $927.8K | 2,232 | 0.5% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $918.1K | 2,676 | 0.5% | 21 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $836.8K | 10,697 | 0.5% | 23 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $802.0K | 9,225 | 0.4% | 4 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $794.9K | 8,084 | 0.4% | 23 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $789.2K | 3,704 | 0.4% | 1 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $748.3K | 1,457 | 0.4% | 21 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $738.2K | 3,348 | 0.4% | 23 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $737.7K | 5,034 | 0.4% | 8 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $736.3K | 15,331 | 0.4% | 23 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $717.1K | 7,223 | 0.4% | 21 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $705.1K | 7,326 | 0.4% | 23 |
| RAYONIER INC | [RYN](https://holderbook.com/stocks/RYN/) | $699.7K | 32,880 | 0.4% | 1 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $675.9K | 1,200 | 0.4% | 14 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $673.2K | 5,189 | 0.4% | 20 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $672.7K | 5,892 | 0.4% | 9 |
| CARMAX INC | [KMX](https://holderbook.com/stocks/KMX/) | $648.9K | 12,268 | 0.4% | 23 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $647.3K | 5,037 | 0.4% | 23 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $640.9K | 1,225 | 0.4% | 3 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $627.4K | 17,068 | 0.4% | 23 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $624.5K | 1,763 | 0.3% | 15 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $600.0K | 1,178 | 0.3% | 12 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $593.1K | 1,242 | 0.3% | 5 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $590.3K | 2,480 | 0.3% | 8 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $589.7K | 1,650 | 0.3% | 9 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $584.3K | 7,190 | 0.3% | 23 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $578.0K | 3,942 | 0.3% | 3 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $571.1K | 1,730 | 0.3% | 12 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $542.4K | 6,180 | 0.3% | 1 |
| TE CONNECTIVITY PLC | [TEL](https://holderbook.com/stocks/TEL/) | $537.5K | 2,666 | 0.3% | 7 |
| IDEX CORP | [IEX](https://holderbook.com/stocks/IEX/) | $510.2K | 2,248 | 0.3% | 4 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $504.0K | 1,479 | 0.3% | 5 |
| RESTAURANT BRANDS INTL INC | [QSR](https://holderbook.com/stocks/QSR/) | $488.4K | 6,735 | 0.3% | 2 |
| COGENT COMM HOLDINGS INC | [CCOI](https://holderbook.com/stocks/CCOI/) | $483.4K | 34,826 | 0.3% | 14 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $482.8K | 647 | 0.3% | 5 |
| CDW CORP | [CDW](https://holderbook.com/stocks/CDW/) | $475.6K | 3,382 | 0.3% | 22 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $474.5K | 1,095 | 0.3% | 2 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $467.2K | 3,691 | 0.3% | 8 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $462.6K | 826 | 0.3% | 9 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $450.9K | 1,045 | 0.3% | 1 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $447.4K | 2,884 | 0.3% | 23 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $444.3K | 3,104 | 0.2% | 5 |
| HASBRO INC | [HAS](https://holderbook.com/stocks/HAS/) | $437.5K | 5,297 | 0.2% | 5 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $435.0K | 1,164 | 0.2% | 1 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $422.4K | 1,400 | 0.2% | 2 |
| BROOKFIELD ASSET MANAGMT LTD | [BAM](https://holderbook.com/stocks/BAM/) | $407.4K | 9,084 | 0.2% | 14 |

## 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% | -3.4% | 100% |
| Q1 2026 | -4.6% | -4.6% | +0.0% | 100% |
| Q4 2025 | +0.7% | +2.4% | -1.6% | 100% |
| Q3 2025 | +6.5% | +7.8% | -1.3% | 100% |
| Q2 2025 | +7.7% | +10.5% | -2.8% | 100% |
| Q1 2025 | -2.4% | -4.6% | +2.2% | 100% |
| Q4 2024 | -0.4% | +2.1% | -2.5% | 100% |
| Q3 2024 | +9.7% | +5.4% | +4.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $178.5M | 125 |
| Q1 2026 | $172.0M | 126 |
| Q4 2025 | $178.8M | 136 |
| Q3 2025 | $179.0M | 133 |
| Q2 2025 | $171.3M | 126 |
| Q1 2025 | $159.5M | 121 |
| Q4 2024 | $156.8M | 118 |
| Q3 2024 | $162.9M | 115 |
| Q2 2024 | $145.7M | 110 |
| Q1 2024 | $146.4M | 106 |
| Q4 2023 | $140.6M | 108 |
| Q3 2023 | $126.3M | 103 |