SFM, LLC

CIK 2064225 · View on SEC EDGAR ↗

Portfolio value QoQ: +17.9% 13F does not disclose cash

Top 10 holdings weight62.48%

Top 25 holdings weight83.77%

Positions above 1%26

Effective number of positions13.1

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 6.53% Est. buys $36,814,645 · sells $11,778,096

Median holding: 6.0 quarters Tracked Q1 2025–Q2 2026 · 86.2% still held

New positions10

Increased18

Decreased36

Closed4

Portfolio value $195.1M #6,586 of 9,337 by 13F value · top 70.5%

Positions 69

As of June 30, 2026 Data as of Q2 2026

Sector breakdown

Technology 7.9%

Communication Services 5.3%

Retail 5.1%

Financials 4.1%

Materials 1.0%

Industrials 0.8%

Health Care 0.6%

Consumer Discretionary 0.2%

Energy 0.1%

Other/Unmapped 75.0%

Full portfolio 69 positions

					Streak
VOO VANGUARD INDEX FUNDS	$44,185,205	22.65%	64,334	$8,033,285	Up ×4
USFR WisdomTree Trust	$16,161,944	8.29%	320,992	$6,850,801	Up ×2
VO VANGUARD INDEX FUNDS	$12,678,795	6.50%	157,364	$2,462,962	Up ×3
IVV iShares Trust	$10,706,094	5.49%	14,296	$956,818	Down ×4
IAUM iShares Gold Trust Micro Shares	$8,802,680	4.51%	220,012	$-1,324,542	Up ×1
AMZN Amazon.com, Inc. - Common Stock	$7,363,514	3.77%	30,895	$247,761	Down ×1
MSFT Microsoft Corporation - Common Stock	$6,330,841	3.25%	16,972	$-1,273,263	Down ×1
GOOGL Alphabet Inc. - Class A Common Stock	$5,878,862	3.01%	16,450	$884,497	Down ×2
NVDA NVIDIA Corporation - Common Stock	$4,950,749	2.54%	24,743	$371,442	Down ×1
IQLT iShares Trust	$4,819,300	2.47%	97,261	$764,496	Up ×3
VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares	$4,175,834	2.14%	83,134	$179,373	Up ×3
SCHD SCHWAB STRATEGIC TRUST	$4,052,140	2.08%	127,787	$-315,698	Down ×1
QQQM Invesco NASDAQ 100 ETF	$3,120,237	1.60%	10,299	$1,795,400	Up ×4
MGC VANGUARD WORLD FUND	$2,974,358	1.52%	10,870		Up ×1
TCAF T. Rowe Price Exchange-Traded Funds, Inc.	$2,867,315	1.47%	69,764	$-427,679	Down ×4
AAPL Apple Inc. - Common Stock	$2,796,911	1.43%	9,666	$418,513	Up ×1
GOOG Alphabet Inc. - Class C Capital Stock	$2,675,067	1.37%	7,571	$491,722	Down ×5
VTI VANGUARD INDEX FUNDS	$2,634,685	1.35%	7,120	$277,373	Down ×6
QQQ Invesco QQQ Trust, Series 1	$2,559,254	1.31%	3,475	$533,729	Down ×4
ITOT iShares Trust	$2,346,433	1.20%	14,284		Up ×1
IJH iShares Trust	$2,343,584	1.20%	30,393	$216,366	Down ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B	$2,338,322	1.20%	4,673	$-320,759	Down ×2
VB VANGUARD INDEX FUNDS	$2,325,869	1.19%	7,673	$446,421	Up ×1
SPYM State Street SPDR Portfolio S&P 500 ETF	$2,234,964	1.15%	25,432	$1,373,966	Up ×1
MA Mastercard Incorporated Common Stock	$2,090,961	1.07%	4,071	$-281,177	Down ×2
VUG VANGUARD INDEX FUNDS	$1,952,105	1.00%	22,662	$214,118	Up ×1
AVLV AMERICAN CENTURY ETF TRUST	$1,898,627	0.97%	20,816		Up ×1
V Visa Inc.	$1,889,959	0.97%	5,509	$-292,367	Down ×1
META Meta Platforms, Inc. - Class A Common Stock	$1,822,668	0.93%	3,236	$-814,457	Down ×1
MGK VANGUARD WORLD FUND	$1,621,500	0.83%	18,445	$1,232,381	Up ×1
VEA VANGUARD TAX-MANAGED FUNDS	$1,324,538	0.68%	18,590		Up ×1
XSVM Invesco Exchange-Traded Fund Trust	$1,225,975	0.63%	17,617	$-57,280	Down ×1
MDY State Street SPDR S&P MIDCAP 400 ETF Trust	$1,215,372	0.62%	1,728	$127,407	Down ×4
SHW Sherwin-Williams Company (The) Common Stock	$1,182,920	0.61%	3,436	$-165,204	Down ×2
ESGV VANGUARD WORLD FUND	$1,171,911	0.60%	8,862	$173,269	Down ×1
HD Home Depot, Inc. (The) Common Stock	$1,068,408	0.55%	3,029	$-154,104	Down ×1
RSG Republic Services, Inc. Common Stock	$1,057,644	0.54%	4,964	$-497,870	Down ×1
SPY SPY	$1,046,019	0.54%	1,401	$136,596	Up ×1
SYK Stryker Corporation Common Stock	$978,415	0.50%	3,108	$-325,480	Down ×2
RSP Invesco Exchange-Traded Fund Trust	$945,416	0.48%	4,443	$102,804	Up ×4
AZO AutoZone, Inc. Common Stock	$869,296	0.45%	272	$-370,349	Down ×1
LIN Linde plc - Ordinary Shares	$759,249	0.39%	1,463	$-52,938	Down ×1
IJR iShares Trust	$753,266	0.39%	5,079	$102,130	Down ×4
COST Costco Wholesale Corporation - Common Stock	$638,310	0.33%	682	$-31,514	Up ×1
AJG Arthur J. Gallagher & Co. Common Stock	$619,973	0.32%	2,701	$-377,954	Down ×1
SPGI S&P Global Inc. Common Stock	$523,770	0.27%	1,286	$-143,101	Down ×1
AVDV AMERICAN CENTURY ETF TRUST	$485,159	0.25%	4,708		Up ×1
GE GE Aerospace Common Stock	$474,597	0.24%	1,270	$7,094	Down ×1
SPMD SPDR SERIES TRUST	$438,937	0.23%	6,497	$54,185
ADI Analog Devices, Inc. - Common Stock	$428,944	0.22%	1,080	$85,353
VGT VANGUARD WORLD FUND	$394,894	0.20%	3,304	$106,736	Up ×1
IGV iShares Trust	$381,064	0.20%	4,206		Up ×1
AVGO Broadcom Inc. - Common Stock	$373,180	0.19%	988	$-23,007	Down ×1
TSLA Tesla, Inc. - Common Stock	$329,330	0.17%	783	$-97,811	Down ×2
IAU iShares Gold Trust Shares	$323,485	0.17%	4,284	$-55,074	Down ×5
BPRE Bluerock Private Real Estate Fund Common Shares of Beneficial Interest	$317,393	0.16%	24,396	$-102,179	Down ×1
BRO Brown & Brown, Inc. Common Stock	$309,809	0.16%	4,829	$-288,700	Down ×1
NULG Nushares ETF Trust	$307,985	0.16%	2,631	$70,723	Up ×1
QQMG Invesco ESG NASDAQ 100 ETF	$288,579	0.15%	5,633	$55,386	Down ×1
LLY Eli Lilly and Company Common Stock	$250,103	0.13%	209
DFEV Dimensional ETF Trust	$246,147	0.13%	5,769		Up ×1
SIL Global X Funds	$234,471	0.12%	3,027	$-38,201
AMD Advanced Micro Devices, Inc. - Common Stock	$225,974	0.12%	389		Up ×1
VTEB VANGUARD MUNICIPAL BOND FUNDS	$223,867	0.11%	4,426	$3,054
SILJ Amplify Junior Silver Miners ETF	$220,761	0.11%	8,517	$-32,364
JPM JP Morgan Chase & Co. Common Stock	$212,576	0.11%	649	$-49,559	Down ×2
AVUV AMERICAN CENTURY ETF TRUST	$207,975	0.11%	1,667		Up ×1
NOW ServiceNow, Inc. Common Stock	$207,793	0.11%	2,093	$-546,744	Down ×1
XOM Exxon Mobil Corporation Common Stock	$204,944	0.11%	1,499	$-48,437	Up ×1
No matches

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security	Value	% of portfolio	Streak
VOO	$44,185,205	22.65%	up ×4
VO	$12,678,795	6.50%	up ×3
IQLT	$4,819,300	2.47%	up ×3
VTIP	$4,175,834	2.14%	up ×3
QQQM	$3,120,237	1.60%	up ×4
RSP	$945,416	0.48%	up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security	Value	Shares	% of portfolio
MGC	$2,974,358	10,870	1.52%
ITOT	$2,346,433	14,284	1.20%
AVLV	$1,898,627	20,816	0.97%
VEA	$1,324,538	18,590	0.68%
AVDV	$485,159	4,708	0.25%
IGV	$381,064	4,206	0.20%
LLY	$250,103	209	0.13%
DFEV	$246,147	5,769	0.13%
AMD	$225,974	389	0.12%
AVUV	$207,975	1,667	0.11%

Top movers (QoQ)

Security	Action	Shares Δ	Value Δ
VOO	Bought more	+4K	+$8.0M
USFR	Bought more	+136K	+$6.9M
VO	Bought more	+122K	+$2.5M
QQQM	Bought more	+5K	+$1.8M
SPYM	Bought more	+14K	+$1.4M
IAUM	Bought more	+3K	-$1.3M
MSFT	Trimmed	-4K	-$1.3M
MGK	Bought more	+17K	+$1.2M
IVV	Trimmed	-629	+$957K
GOOGL	Trimmed	-918	+$884K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

Security	Quarter	Shares before	Value before	Price since exit
VGIT	June 30, 2025	36,234	$2,152,326
TMO	June 30, 2025	3,049	$1,517,258	61.5%
NEE	June 30, 2025	9,599	$680,472	10.7%
CRM	Sept. 30, 2025	2,255	$615,050	-1.0%
INTU	June 30, 2026	748	$323,476	7.7%
PGR	Dec. 31, 2025	1,083	$267,447	-7.6%
PGR	June 30, 2026	1,299	$257,521	-3.7%
DHR	Dec. 31, 2025	1,169	$231,780	-6.5%
LLY	March 31, 2026	213	$229,085	24.3%
ORCL	June 30, 2025	1,619	$226,352	-34.9%
GDX	June 30, 2026	2,423	$222,359	16.3%
AEM	June 30, 2026	1,073	$217,798	18.4%
ORCL	Dec. 31, 2025	726	$204,180	-27.0%
NFLX	Dec. 31, 2025	170	$203,816	-28.5%