# Salus Financial Advisors, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2056601. Source: https://holderbook.com/funds/2056601-salus-financial-advisors-llc/

- Reported value: $202.8M
- Positions: 39
- Weight of the ten largest: 85.4%
- Filed: 2026-08-06

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 |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $51.6M | 68,895 | 25.4% | 7 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $28.8M | 298,638 | 14.2% | 6 |
| ISHARES TR | [IUSV](https://holderbook.com/stocks/IUSV/) | $26.8M | 243,298 | 13.2% | 7 |
| FIDELITY MERRIMACK STR TR | [FBND](https://holderbook.com/stocks/FBND/) | $15.6M | 343,812 | 7.7% | 7 |
| FIDELITY COVINGTON TRUST | [FBCG](https://holderbook.com/stocks/FBCG/) | $14.0M | 224,609 | 6.9% | 6 |
| FIDELITY COVINGTON TRUST | [FESM](https://holderbook.com/stocks/FESM/) | $9.7M | 200,250 | 4.8% | 7 |
| FIDELITY COVINGTON TRUST | [FDEM](https://holderbook.com/stocks/FDEM/) | $9.6M | 263,360 | 4.7% | 7 |
| FIDELITY MERRIMACK STR TR | [FCOR](https://holderbook.com/stocks/FCOR/) | $7.9M | 166,697 | 3.9% | 7 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $5.4M | 39,535 | 2.7% | 7 |
| FIDELITY MERRIMACK STR TR | [FLTB](https://holderbook.com/stocks/FLTB/) | $4.0M | 79,432 | 2.0% | 7 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $3.5M | 45,581 | 1.7% | 7 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $3.4M | 32,883 | 1.7% | 7 |
| BITWISE FUNDS TRUST | [BITQ](https://holderbook.com/stocks/BITQ/) | $3.2M | 132,586 | 1.6% | 3 |
| BITWISE BITCOIN ETF TR | [BITB](https://holderbook.com/stocks/BITB/) | $2.9M | 92,543 | 1.5% | 7 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $2.5M | 8,209 | 1.2% | 7 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $2.0M | 29,439 | 1.0% | 7 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $2.0M | 9,061 | 1.0% | 7 |
| VICTORY PORTFOLIOS II | [CDC](https://holderbook.com/stocks/CDC/) | $1.3M | 17,283 | 0.6% | 7 |
| FIDELITY COVINGTON TRUST | [FELC](https://holderbook.com/stocks/FELC/) | $982.5K | 23,443 | 0.5% | 7 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $932.9K | 2,521 | 0.5% | 2 |
| FIDELITY COVINGTON TRUST | [FENI](https://holderbook.com/stocks/FENI/) | $658.5K | 16,410 | 0.3% | 7 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $572.1K | 6,642 | 0.3% | 7 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $531.9K | 6,222 | 0.3% | 7 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $480.2K | 2,115 | 0.2% | 7 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $473.2K | 3,441 | 0.2% | 7 |
| CALAMOS ETF TR | [CAIE](https://holderbook.com/stocks/CAIE/) | $397.1K | 14,595 | 0.2% | 1 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $356.7K | 1,468 | 0.2% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $340.6K | 1,177 | 0.2% | 7 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $336.7K | 1,126 | 0.2% | 7 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $316.2K | 2,391 | 0.2% | 7 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $315.9K | 460 | 0.2% | 5 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $309.3K | 785 | 0.2% | 5 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $268.3K | 2,054 | 0.1% | 3 |
| ISHARES TR | [AOA](https://holderbook.com/stocks/AOA/) | $266.4K | 2,730 | 0.1% | 7 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $252.4K | 237 | 0.1% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $238.0K | 666 | 0.1% | 1 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $229.6K | 904 | 0.1% | 3 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $225.7K | 810 | 0.1% | 1 |
| ISHARES TR | [AOR](https://holderbook.com/stocks/AOR/) | $206.4K | 2,970 | 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 | +10.9% | +14.8% | -3.9% | 100% |
| Q1 2026 | -1.8% | -4.6% | +2.8% | 100% |
| Q4 2025 | +1.7% | +2.4% | -0.7% | 98% |
| Q3 2025 | +7.0% | +7.8% | -0.8% | 100% |
| Q2 2025 | +8.6% | +10.5% | -1.9% | 100% |
| Q1 2025 | -1.4% | -4.6% | +3.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $202.8M | 39 |
| Q1 2026 | $171.5M | 34 |
| Q4 2025 | $166.9M | 35 |
| Q3 2025 | $162.1M | 32 |
| Q2 2025 | $148.8M | 33 |
| Q1 2025 | $132.2M | 34 |
| Q4 2024 | $127.7M | 33 |