# Safeguard Financial, LLC

> Institutional holdings reported to the SEC as of Q1 2025 on Form 13F. CIK 1922498. Source: https://holderbook.com/funds/1922498-safeguard-financial-llc/

- Reported value: $456.5M
- Positions: 105
- Weight of the ten largest: 79.6%
- Filed: 2025-04-11

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 | [VUG](https://holderbook.com/stocks/VUG/) | $131.7M | 355,130 | 28.8% | 13 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $115.5M | 668,612 | 25.3% | 13 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $26.4M | 349,555 | 5.8% | 13 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $24.7M | 132,402 | 5.4% | 13 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $18.3M | 72,790 | 4.0% | 13 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $17.0M | 678,574 | 3.7% | 13 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $10.1M | 199,116 | 2.2% | 13 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $8.1M | 304,620 | 1.8% | 13 |
| ISHARES TR | [IBDQ](https://holderbook.com/stocks/IBDQ/) | $5.7M | 227,886 | 1.3% | 10 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $5.6M | 10,923 | 1.2% | 13 |
| ISHARES TR | [IBDR](https://holderbook.com/stocks/IBDR/) | $5.0M | 207,274 | 1.1% | 6 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $4.4M | 16,137 | 1.0% | 13 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $4.3M | 184,998 | 0.9% | 13 |
| ISHARES TR | [IBDS](https://holderbook.com/stocks/IBDS/) | $4.1M | 169,125 | 0.9% | 6 |
| ISHARES TR | [IBDT](https://holderbook.com/stocks/IBDT/) | $3.3M | 132,559 | 0.7% | 6 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.3M | 15,038 | 0.7% | 13 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.2M | 8,457 | 0.7% | 11 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.8M | 4,984 | 0.6% | 13 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $2.8M | 106,296 | 0.6% | 13 |
| ISHARES TR | [IBDU](https://holderbook.com/stocks/IBDU/) | $2.3M | 100,255 | 0.5% | 6 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.2M | 11,343 | 0.5% | 9 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $2.0M | 12,292 | 0.4% | 13 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $1.9M | 67,890 | 0.4% | 10 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $1.8M | 27,928 | 0.4% | 13 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $1.8M | 45,948 | 0.4% | 13 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $1.7M | 21,764 | 0.4% | 13 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $1.7M | 6,968 | 0.4% | 13 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.6M | 14,562 | 0.3% | 6 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.4M | 2,950 | 0.3% | 9 |
| ISHARES TR | [IBTF](https://holderbook.com/stocks/IBTF/) | $1.4M | 57,810 | 0.3% | 12 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.3M | 2,527 | 0.3% | 13 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $1.2M | 2,186 | 0.3% | 8 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $1.1M | 57,550 | 0.2% | 13 |
| ISHARES TR | [IBTG](https://holderbook.com/stocks/IBTG/) | $1.1M | 47,532 | 0.2% | 5 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $1.1M | 4,187 | 0.2% | 13 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $1.1M | 5,490 | 0.2% | 13 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $1.0M | 10,885 | 0.2% | 13 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.0M | 4,107 | 0.2% | 8 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $921.5K | 1,640 | 0.2% | 10 |
| EA SERIES TRUST | [STXG](https://holderbook.com/stocks/STXG/) | $859.1K | 21,450 | 0.2% | 8 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $858.3K | 4,059 | 0.2% | 9 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $822.9K | 870 | 0.2% | 6 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $808.3K | 1,402 | 0.2% | 4 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $793.0K | 5,076 | 0.2% | 6 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $792.5K | 4,651 | 0.2% | 13 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $770.5K | 4,982 | 0.2% | 6 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $760.6K | 2,935 | 0.2% | 12 |
| EA SERIES TRUST | [STXV](https://holderbook.com/stocks/STXV/) | $748.8K | 24,544 | 0.2% | 8 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $722.4K | 32,715 | 0.2% | 13 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $698.1K | 1,274 | 0.2% | 5 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $680.5K | 7,752 | 0.1% | 4 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $663.9K | 2,994 | 0.1% | 13 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $642.7K | 5,404 | 0.1% | 11 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $616.5K | 9,928 | 0.1% | 8 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $615.5K | 4,696 | 0.1% | 9 |
| ISHARES TR | [IBDV](https://holderbook.com/stocks/IBDV/) | $604.7K | 27,843 | 0.1% | 5 |
| WISDOMTREE TR | [NTSX](https://holderbook.com/stocks/NTSX/) | $600.4K | 13,251 | 0.1% | 10 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $590.6K | 3,662 | 0.1% | 12 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $568.9K | 2,755 | 0.1% | 8 |
| ISHARES TR | [IBTH](https://holderbook.com/stocks/IBTH/) | $565.0K | 25,199 | 0.1% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $551.3K | 1,573 | 0.1% | 4 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $548.3K | 9,398 | 0.1% | 10 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $546.8K | 2,127 | 0.1% | 6 |
| ISHARES TR | [IBDW](https://holderbook.com/stocks/IBDW/) | $543.3K | 26,184 | 0.1% | 5 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $533.5K | 8,821 | 0.1% | 3 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $517.8K | 4,244 | 0.1% | 2 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $507.9K | 992 | 0.1% | 11 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $505.5K | 3,599 | 0.1% | 1 |
| ISHARES TR | [IXN](https://holderbook.com/stocks/IXN/) | $504.6K | 6,662 | 0.1% | 1 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $494.7K | 8,156 | 0.1% | 10 |
| CBRE GROUP INC | [CBRE](https://holderbook.com/stocks/CBRE/) | $494.2K | 3,779 | 0.1% | 11 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $470.3K | 2,221 | 0.1% | 5 |
| ISHARES TR | [IUSV](https://holderbook.com/stocks/IUSV/) | $424.3K | 4,597 | 0.1% | 6 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $422.2K | 4,038 | 0.1% | 4 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $416.7K | 2,159 | 0.1% | 3 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $394.2K | 7,719 | 0.1% | 13 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $391.0K | 7,593 | 0.1% | 2 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $360.3K | 1,915 | 0.1% | 6 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $354.1K | 1,424 | 0.1% | 2 |
| ISHARES TR | [IBTJ](https://holderbook.com/stocks/IBTJ/) | $328.6K | 15,092 | 0.1% | 3 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $318.8K | 7,045 | 0.1% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $318.1K | 1,900 | 0.1% | 4 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $307.4K | 1,467 | 0.1% | 5 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $305.7K | 2,187 | 0.1% | 4 |
| ISHARES TR | [TFLO](https://holderbook.com/stocks/TFLO/) | $298.4K | 5,891 | 0.1% | 4 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $297.3K | 2,831 | 0.1% | 11 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $286.2K | 5,700 | 0.1% | 2 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $273.3K | 2,917 | 0.1% | 11 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $264.3K | 982 | 0.1% | 3 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $253.5K | 1,650 | 0.1% | 6 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $243.8K | 665 | 0.1% | 4 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $237.7K | 2,626 | 0.1% | 13 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $236.6K | 1,182 | 0.1% | 3 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $234.8K | 4,715 | 0.1% | 3 |
| EA SERIES TRUST | [STXK](https://holderbook.com/stocks/STXK/) | $234.1K | 8,155 | 0.1% | 8 |
| DIMENSIONAL ETF TRUST | [DFUV](https://holderbook.com/stocks/DFUV/) | $233.0K | 5,653 | 0.1% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $227.2K | 1,312 | 0.0% | 3 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $222.7K | 3,291 | 0.0% | 1 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $222.4K | 660 | 0.0% | 3 |
| ISHARES TR | [IBTI](https://holderbook.com/stocks/IBTI/) | $220.5K | 9,910 | 0.0% | 2 |

## 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 |
|---|---|---|---|---|
| Q1 2025 | -4.1% | -4.6% | +0.4% | 97% |
| Q4 2024 | +1.1% | +2.1% | -1.1% | 98% |
| Q3 2024 | +5.8% | +5.4% | +0.4% | 98% |
| Q2 2024 | +2.2% | +4.0% | -1.8% | 99% |
| Q1 2024 | +8.4% | +10.0% | -1.7% | 99% |
| Q4 2023 | +10.9% | +11.2% | -0.2% | 98% |
| Q3 2023 | -3.7% | -3.6% | -0.2% | 99% |
| Q2 2023 | +6.2% | +8.3% | -2.0% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2025 | $456.5M | 105 |
| Q4 2024 | $460.2M | 114 |
| Q3 2024 | $424.4M | 125 |
| Q2 2024 | $359.6M | 100 |
| Q1 2024 | $306.9M | 81 |
| Q4 2023 | $264.1M | 79 |
| Q3 2023 | $207.3M | 72 |
| Q2 2023 | $207.6M | 603 |
| Q1 2023 | $164.7M | 70 |
| Q4 2022 | $139.7M | 67 |
| Q3 2022 | $108.0M | 49 |
| Q2 2022 | $83.8M | 43 |