# SFM, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2064225. Source: https://holderbook.com/funds/2064225-sfm-llc/

- Reported value: $195.1M
- Positions: 69
- Weight of the ten largest: 62.5%
- Filed: 2026-07-07

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 | [VOO](https://holderbook.com/stocks/VOO/) | $44.2M | 64,334 | 22.7% | 11 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $16.2M | 320,992 | 8.3% | 11 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $12.7M | 157,364 | 6.5% | 11 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $10.7M | 14,296 | 5.5% | 11 |
| ISHARES GOLD TRUST MICRO | [IAUM](https://holderbook.com/stocks/IAUM/) | $8.8M | 220,012 | 4.5% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $7.4M | 30,895 | 3.8% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.3M | 16,972 | 3.2% | 11 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $5.9M | 16,450 | 3.0% | 11 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $5.0M | 24,743 | 2.5% | 10 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $4.8M | 97,261 | 2.5% | 11 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $4.2M | 83,134 | 2.1% | 5 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $4.1M | 127,787 | 2.1% | 11 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $3.1M | 10,299 | 1.6% | 9 |
| VANGUARD WORLD FD | [MGC](https://holderbook.com/stocks/MGC/) | $3.0M | 10,870 | 1.5% | 1 |
| T ROWE PRICE EXCHANGE-TRADED | [TCAF](https://holderbook.com/stocks/TCAF/) | $2.9M | 69,764 | 1.5% | 11 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.8M | 9,666 | 1.4% | 11 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.7M | 7,571 | 1.4% | 11 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.6M | 7,120 | 1.4% | 11 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.6M | 3,475 | 1.3% | 11 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $2.3M | 14,284 | 1.2% | 1 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $2.3M | 30,393 | 1.2% | 11 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.3M | 4,673 | 1.2% | 11 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $2.3M | 7,673 | 1.2% | 11 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $2.2M | 25,432 | 1.1% | 11 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $2.1M | 4,071 | 1.1% | 11 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $2.0M | 22,662 | 1.0% | 11 |
| AMERICAN CENTY ETF TR | [AVLV](https://holderbook.com/stocks/AVLV/) | $1.9M | 20,816 | 1.0% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.9M | 5,509 | 1.0% | 11 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.8M | 3,236 | 0.9% | 11 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $1.6M | 18,445 | 0.8% | 11 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.3M | 18,590 | 0.7% | 1 |
| INVESCO EXCHANGE TRADED FD T | [XSVM](https://holderbook.com/stocks/XSVM/) | $1.2M | 17,617 | 0.6% | 11 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $1.2M | 1,728 | 0.6% | 11 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $1.2M | 3,436 | 0.6% | 11 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $1.2M | 8,862 | 0.6% | 11 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.1M | 3,029 | 0.5% | 11 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $1.1M | 4,964 | 0.5% | 11 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.0M | 1,401 | 0.5% | 11 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $978.4K | 3,108 | 0.5% | 11 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $945.4K | 4,443 | 0.5% | 5 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $869.3K | 272 | 0.4% | 11 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $759.2K | 1,463 | 0.4% | 11 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $753.3K | 5,079 | 0.4% | 11 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $638.3K | 682 | 0.3% | 11 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $620.0K | 2,701 | 0.3% | 10 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $523.8K | 1,286 | 0.3% | 11 |
| AMERICAN CENTY ETF TR | [AVDV](https://holderbook.com/stocks/AVDV/) | $485.2K | 4,708 | 0.2% | 1 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $474.6K | 1,270 | 0.2% | 5 |
| SPDR SERIES TRUST | [SPMD](https://holderbook.com/stocks/SPMD/) | $438.9K | 6,497 | 0.2% | 11 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $428.9K | 1,080 | 0.2% | 11 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $394.9K | 3,304 | 0.2% | 10 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $381.1K | 4,206 | 0.2% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $373.2K | 988 | 0.2% | 4 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $329.3K | 783 | 0.2% | 5 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $323.5K | 4,284 | 0.2% | 10 |
| BLUEROCK PVT REAL ESTATE FD | [BPRE](https://holderbook.com/stocks/BPRE/) | $317.4K | 24,396 | 0.2% | 2 |
| BROWN & BROWN INC | [BRO](https://holderbook.com/stocks/BRO/) | $309.8K | 4,829 | 0.2% | 6 |
| NUSHARES ETF TR | [NULG](https://holderbook.com/stocks/NULG/) | $308.0K | 2,631 | 0.2% | 9 |
| INVESCO EXCH TRADED FD TR II | [QQMG](https://holderbook.com/stocks/QQMG/) | $288.6K | 5,633 | 0.1% | 5 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $250.1K | 209 | 0.1% | 1 |
| DIMENSIONAL ETF TRUST | [DFEV](https://holderbook.com/stocks/DFEV/) | $246.1K | 5,769 | 0.1% | 1 |
| GLOBAL X FDS | [SIL](https://holderbook.com/stocks/SIL/) | $234.5K | 3,027 | 0.1% | 4 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $226.0K | 389 | 0.1% | 1 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $223.9K | 4,426 | 0.1% | 11 |
| AMPLIFY ETF TR | [SILJ](https://holderbook.com/stocks/SILJ/) | $220.8K | 8,517 | 0.1% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $212.6K | 649 | 0.1% | 6 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $208.0K | 1,667 | 0.1% | 1 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $207.8K | 2,093 | 0.1% | 11 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $204.9K | 1,499 | 0.1% | 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 |
|---|---|---|---|---|
| Q2 2026 | +9.3% | +14.8% | -5.5% | 100% |
| Q1 2026 | -4.8% | -4.6% | -0.2% | 100% |
| Q4 2025 | +1.5% | +2.4% | -0.9% | 100% |
| Q3 2025 | +6.2% | +7.8% | -1.6% | 100% |
| Q2 2025 | +9.1% | +10.5% | -1.4% | 100% |
| Q1 2025 | -3.8% | -4.6% | +0.8% | 100% |
| Q4 2024 | +1.4% | +2.1% | -0.7% | 100% |
| Q3 2024 | +4.3% | +5.4% | -1.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $195.1M | 69 |
| Q1 2026 | $165.5M | 63 |
| Q4 2025 | $170.7M | 60 |
| Q3 2025 | $172.0M | 61 |
| Q2 2025 | $155.8M | 58 |
| Q1 2025 | $136.0M | 56 |
| Q4 2024 | $141.9M | 59 |
| Q3 2024 | $133.4M | 55 |
| Q2 2024 | $132.8M | 55 |
| Q1 2024 | $130.9M | 55 |
| Q4 2023 | $121.0M | 57 |