# Intelligent Financial Strategies

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1911000. Source: https://holderbook.com/funds/1911000-intelligent-financial-strategies/

- Reported value: $207.8M
- Positions: 60
- Weight of the ten largest: 81.9%
- 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 |
|---|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $60.2M | 120,403 | 29.0% | 10 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $27.7M | 40,378 | 13.3% | 19 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $24.5M | 155,814 | 11.8% | 19 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $15.8M | 42,620 | 7.6% | 19 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $11.8M | 138,507 | 5.7% | 19 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $9.1M | 123,649 | 4.4% | 14 |
| AMERICAN CENTY ETF TR | [AVGE](https://holderbook.com/stocks/AVGE/) | $6.4M | 64,521 | 3.1% | 16 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $5.2M | 7 | 2.5% | 19 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $4.8M | 6,350 | 2.3% | 19 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $4.6M | 19,644 | 2.2% | 19 |
| DIMENSIONAL ETF TRUST | [DFUV](https://holderbook.com/stocks/DFUV/) | $4.6M | 83,718 | 2.2% | 17 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $4.2M | 94,014 | 2.0% | 19 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.4M | 11,750 | 1.6% | 19 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.3M | 9,339 | 1.6% | 15 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $3.1M | 39,017 | 1.5% | 4 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $2.6M | 3,678 | 1.2% | 19 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.6M | 3,170 | 0.8% | 19 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.5M | 4,419 | 0.7% | 19 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $1.4M | 14,045 | 0.7% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.4M | 3,751 | 0.7% | 19 |
| DIMENSIONAL ETF TRUST | [DFAX](https://holderbook.com/stocks/DFAX/) | $1.3M | 35,705 | 0.6% | 19 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.1M | 1,156 | 0.5% | 19 |
| RBB FUND TRUST | [FEGE](https://holderbook.com/stocks/FEGE/) | $1.0M | 20,903 | 0.5% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $893.7K | 1,194 | 0.4% | 19 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $746.9K | 9,115 | 0.4% | 19 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $489.0K | 1,798 | 0.2% | 19 |
| AMERICAN CENTY ETF TR | [AVDE](https://holderbook.com/stocks/AVDE/) | $454.0K | 5,090 | 0.2% | 17 |
| AMERICAN CENTY ETF TR | [AVDV](https://holderbook.com/stocks/AVDV/) | $440.6K | 4,275 | 0.2% | 19 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $439.7K | 6,171 | 0.2% | 17 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $339.2K | 1,378 | 0.2% | 19 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $295.7K | 1,685 | 0.1% | 19 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $279.6K | 2,241 | 0.1% | 19 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $252.3K | 349 | 0.1% | 19 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $238.3K | 1,000 | 0.1% | 19 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $237.5K | 935 | 0.1% | 19 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $235.0K | 2,806 | 0.1% | 15 |
| ISHARES TR | [KXI](https://holderbook.com/stocks/KXI/) | $222.3K | 3,292 | 0.1% | 19 |
| ISHARES TR | [AOR](https://holderbook.com/stocks/AOR/) | $220.4K | 3,171 | 0.1% | 4 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $186.4K | 690 | 0.1% | 19 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $160.9K | 1,997 | 0.1% | 19 |
| PROFESIONALLY MANAGED PORTFO | [AKRE](https://holderbook.com/stocks/AKRE/) | $150.0K | 2,820 | 0.1% | 3 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $139.1K | 195 | 0.1% | 19 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $119.0K | 346 | 0.1% | 19 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $90.5K | 668 | 0.0% | 19 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $85.7K | 470 | 0.0% | 19 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $82.0K | 600 | 0.0% | 19 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $67.8K | 1,411 | 0.0% | 19 |
| SPROTT ASSET MANAGEMENT LP | [PHYS](https://holderbook.com/stocks/PHYS/) | $45.8K | 1,518 | 0.0% | 5 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $35.4K | 166 | 0.0% | 19 |
| AMERICAN CENTY ETF TR | [AVUS](https://holderbook.com/stocks/AVUS/) | $31.5K | 246 | 0.0% | 17 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $26.3K | 50 | 0.0% | 19 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $26.3K | 321 | 0.0% | 19 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $25.1K | 273 | 0.0% | 15 |
| SCHWAB STRATEGIC TR | [FNDF](https://holderbook.com/stocks/FNDF/) | $23.8K | 451 | 0.0% | 5 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $16.9K | 200 | 0.0% | 15 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $16.3K | 280 | 0.0% | 19 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $12.1K | 50 | 0.0% | 5 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $10.3K | 95 | 0.0% | 15 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $8.5K | 25 | 0.0% | 10 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $147 | 1 | 0.0% | 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 | +9.2% | +14.8% | -5.6% | 100% |
| Q1 2026 | -3.0% | -4.6% | +1.6% | 100% |
| Q4 2025 | +1.7% | +2.4% | -0.7% | 100% |
| Q3 2025 | +5.6% | +7.8% | -2.2% | 100% |
| Q2 2025 | -1.0% | +10.5% | -11.4% | 100% |
| Q1 2025 | +6.4% | -4.6% | +11.0% | 100% |
| Q4 2024 | -0.1% | +2.1% | -2.2% | 100% |
| Q3 2024 | +9.2% | +5.4% | +3.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $207.8M | 60 |
| Q1 2026 | $191.9M | 62 |
| Q4 2025 | $207.9M | 72 |
| Q3 2025 | $205.4M | 73 |
| Q2 2025 | $188.4M | 85 |
| Q1 2025 | $191.7M | 82 |
| Q4 2024 | $180.6M | 80 |
| Q3 2024 | $181.6M | 81 |
| Q2 2024 | $162.5M | 82 |
| Q1 2024 | $161.2M | 85 |
| Q4 2023 | $142.9M | 77 |
| Q3 2023 | $134.9M | 89 |