# Evolution Advisers, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1906967. Source: https://holderbook.com/funds/1906967-evolution-advisers-inc/

- Reported value: $272.1M
- Positions: 943
- Weight of the ten largest: 79.7%
- Filed: 2026-07-31

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 TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $43.9M | 616,125 | 16.1% | 19 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $38.1M | 442,641 | 14.0% | 19 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $29.0M | 132,861 | 10.6% | 19 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $26.8M | 553,304 | 9.8% | 19 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $21.0M | 269,333 | 7.7% | 19 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $16.8M | 280,908 | 6.2% | 19 |
| VANGUARD SCOTTSDALE FDS | [VMBS](https://holderbook.com/stocks/VMBS/) | $11.6M | 247,486 | 4.3% | 19 |
| VANGUARD BD INDEX FDS | [BLV](https://holderbook.com/stocks/BLV/) | $10.4M | 150,385 | 3.8% | 19 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $10.3M | 33,903 | 3.8% | 19 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $9.1M | 119,149 | 3.4% | 19 |
| NUSHARES ETF TR | [NUDM](https://holderbook.com/stocks/NUDM/) | $8.3M | 208,235 | 3.1% | 19 |
| NUSHARES ETF TR | [NULG](https://holderbook.com/stocks/NULG/) | $5.0M | 42,779 | 1.8% | 19 |
| NUSHARES ETF TR | [NULV](https://holderbook.com/stocks/NULV/) | $3.8M | 75,631 | 1.4% | 19 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $3.1M | 103,898 | 1.1% | 19 |
| NUSHARES ETF TR | [NUEM](https://holderbook.com/stocks/NUEM/) | $3.0M | 71,718 | 1.1% | 19 |
| NUSHARES ETF TR | [NUBD](https://holderbook.com/stocks/NUBD/) | $2.8M | 125,902 | 1.0% | 19 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $2.2M | 3,277 | 0.8% | 19 |
| INVESCO EXCHANGE TRADED FD T | [PWV](https://holderbook.com/stocks/PWV/) | $1.8M | 23,796 | 0.7% | 19 |
| GENWORTH FINL INC | [GNW](https://holderbook.com/stocks/GNW/) | $1.6M | 170,221 | 0.6% | 13 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.6M | 5,442 | 0.6% | 19 |
| NUSHARES ETF TR | [NUSC](https://holderbook.com/stocks/NUSC/) | $1.1M | 20,350 | 0.4% | 19 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $993.0K | 19,636 | 0.4% | 15 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $739.0K | 16,680 | 0.3% | 19 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $731.0K | 2,389 | 0.3% | 19 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $728.0K | 8,524 | 0.3% | 18 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $728.0K | 9,918 | 0.3% | 11 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $648.0K | 1,813 | 0.2% | 19 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $624.0K | 1,816 | 0.2% | 15 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $584.0K | 11,557 | 0.2% | 7 |
| VANGUARD BD INDEX FDS | [VUSB](https://holderbook.com/stocks/VUSB/) | $579.0K | 11,650 | 0.2% | 2 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $563.0K | 7,134 | 0.2% | 15 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $532.0K | 1,957 | 0.2% | 19 |
| SCHWAB STRATEGIC TR | [FNDF](https://holderbook.com/stocks/FNDF/) | $498.0K | 9,453 | 0.2% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $455.0K | 911 | 0.2% | 19 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $433.0K | 15,645 | 0.2% | 19 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $427.0K | 5,304 | 0.2% | 19 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $408.0K | 1,715 | 0.1% | 19 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $392.0K | 11,589 | 0.1% | 18 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $385.0K | 2,454 | 0.1% | 19 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $358.0K | 4,342 | 0.1% | 19 |
| OLD REP INTL CORP | [ORI](https://holderbook.com/stocks/ORI/) | $314.0K | 7,684 | 0.1% | 19 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $301.0K | 2,658 | 0.1% | 19 |
| NISOURCE INC | [NI](https://holderbook.com/stocks/NI/) | $282.0K | 5,932 | 0.1% | 19 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $280.0K | 4,761 | 0.1% | 1 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $278.0K | 4,084 | 0.1% | 19 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $277.0K | 10,474 | 0.1% | 1 |
| CURTISS WRIGHT CORP | [CW](https://holderbook.com/stocks/CW/) | $265.0K | 350 | 0.1% | 19 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $247.0K | 1,569 | 0.1% | 19 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $219.0K | 6,306 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $218.0K | 40,329 | 0.1% | 19 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $216.0K | 613 | 0.1% | 19 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $216.0K | 660 | 0.1% | 19 |
| ISHARES TR | [DSI](https://holderbook.com/stocks/DSI/) | $187.0K | 1,314 | 0.1% | 1 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $177.0K | 4,908 | 0.1% | 19 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $176.0K | 7,636 | 0.1% | 15 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $174.0K | 463 | 0.1% | 11 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $174.0K | 1,569 | 0.1% | 19 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $171.0K | 1,457 | 0.1% | 19 |
| TELEDYNE TECHNOLOGIES INC | [TDY](https://holderbook.com/stocks/TDY/) | $166.0K | 250 | 0.1% | 19 |
| VANGUARD INSTL INDEX FD | [VBIL](https://holderbook.com/stocks/VBIL/) | $159.0K | 2,113 | 0.1% | 4 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $154.0K | 79 | 0.1% | 19 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $154.0K | 4,191 | 0.1% | 11 |
| SCHWAB STRATEGIC TR | [SCHC](https://holderbook.com/stocks/SCHC/) | $151.0K | 3,153 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $148.0K | 610 | 0.1% | 1 |
| VANGUARD WHITEHALL FDS | [VWOB](https://holderbook.com/stocks/VWOB/) | $138.0K | 2,053 | 0.1% | 1 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $138.0K | 1,649 | 0.1% | 11 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $133.0K | 179 | 0.0% | 19 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $133.0K | 388 | 0.0% | 19 |
| ISHARES TR | [SUSA](https://holderbook.com/stocks/SUSA/) | $129.0K | 842 | 0.0% | 1 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $129.0K | 509 | 0.0% | 19 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $129.0K | 348 | 0.0% | 19 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $122.0K | 498 | 0.0% | 11 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $114.0K | 520 | 0.0% | 11 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $114.0K | 3,165 | 0.0% | 19 |
| PROFESIONALLY MANAGED PORTFO | [AKRE](https://holderbook.com/stocks/AKRE/) | $113.0K | 2,129 | 0.0% | 1 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $113.0K | 1,370 | 0.0% | 1 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $108.0K | 281 | 0.0% | 19 |
| ISHARES TR | [SHYG](https://holderbook.com/stocks/SHYG/) | $100.0K | 2,376 | 0.0% | 1 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $95.0K | 128 | 0.0% | 11 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $94.0K | 301 | 0.0% | 11 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $93.0K | 264 | 0.0% | 19 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $89.0K | 900 | 0.0% | 2 |
| DIMENSIONAL ETF TRUST | [DFAU](https://holderbook.com/stocks/DFAU/) | $87.0K | 1,699 | 0.0% | 11 |
| PRICE T ROWE GROUP INC | [TROW](https://holderbook.com/stocks/TROW/) | $82.0K | 728 | 0.0% | 19 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $80.0K | 849 | 0.0% | 1 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $80.0K | 161 | 0.0% | 19 |
| VANGUARD SCOTTSDALE FDS | [BNDW](https://holderbook.com/stocks/BNDW/) | $77.0K | 1,132 | 0.0% | 14 |
| SEI INVTS CO | [SEIC](https://holderbook.com/stocks/SEIC/) | $76.0K | 873 | 0.0% | 11 |
| JACOBS SOLUTIONS INC | [J](https://holderbook.com/stocks/J/) | $75.0K | 600 | 0.0% | 11 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $73.0K | 202 | 0.0% | 11 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $71.0K | 759 | 0.0% | 19 |
| INVESCO EXCHANGE TRADED FD T | [PPA](https://holderbook.com/stocks/PPA/) | $71.0K | 406 | 0.0% | 4 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $71.0K | 528 | 0.0% | 19 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $70.0K | 474 | 0.0% | 19 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $66.0K | 381 | 0.0% | 19 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $66.0K | 650 | 0.0% | 11 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $60.0K | 393 | 0.0% | 11 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $60.0K | 355 | 0.0% | 19 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $58.0K | 233 | 0.0% | 18 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $57.0K | 286 | 0.0% | 12 |

## 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 | +8.7% | +14.8% | -6.1% | 100% |
| Q1 2026 | -1.2% | -4.6% | +3.5% | 100% |
| Q4 2025 | +1.0% | +2.4% | -1.4% | 100% |
| Q3 2025 | +5.0% | +7.8% | -2.8% | 100% |
| Q2 2025 | +7.0% | +10.5% | -3.5% | 102% |
| Q1 2025 | -0.2% | -4.6% | +4.3% | 100% |
| Q4 2024 | -2.7% | +2.1% | -4.9% | 100% |
| Q3 2024 | +5.7% | +5.4% | +0.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $272.1M | 943 |
| Q1 2026 | $237.3M | 150 |
| Q4 2025 | $230.9M | 159 |
| Q3 2025 | $222.4M | 151 |
| Q2 2025 | $204.0M | 145 |
| Q1 2025 | $190.0M | 151 |
| Q4 2024 | $183.0M | 155 |
| Q3 2024 | $183.7M | 166 |
| Q2 2024 | $174.0M | 157 |
| Q1 2024 | $169.4M | 184 |
| Q4 2023 | $156.6M | 213 |
| Q3 2023 | $138.2M | 132 |