Zhang Financial LLC
CIK 1776290 · View on SEC EDGAR ↗
- Portfolio value
- $3.4B
- Positions
- 392
- As of
- June 30, 2026
#1,061 of 9,443 by 13F value · top 11.2%
Portfolio value QoQ: +18.4% 13F does not disclose cash
- Top 10 holdings weight
- 48.36%
- Top 25 holdings weight
- 67.44%
- Positions above 1%
- 19
- Effective number of positions
- 34.1
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 1.66% Est. buys $350,176,321 · sells $52,308,889
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 88.7% still held
- New positions
- 34
- Increased
- 187
- Decreased
- 112
- Closed
- 9
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
6.5%
Healthcare
2.3%
Industrials
1.4%
Communication Services
1.3%
Retail
1.2%
Financial Services
0.9%
Financials
0.5%
Communications
0.3%
Energy
0.3%
Consumer Discretionary
0.3%
Consumer Staples
0.3%
Consumer products
0.2%
Materials
0.2%
Utilities
0.1%
Telecommunication
0.0%
N/A
0.0%
Other/Unmapped
84.2%
Full portfolio 392 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| VOO | $235,566,309 | 6.88% | 342,986 | $40,519,565 | Up ×6 | ||
| DFUS | $217,968,392 | 6.37% | 2,660,097 | $38,313,937 | Up ×4 | ||
| ITOT | $204,750,974 | 5.98% | 1,246,429 | $36,405,595 | Up ×6 | ||
| VTI | $203,581,967 | 5.94% | 550,162 | $22,831,126 | Down ×1 | ||
| VXUS Vanguard Total International Stock ETF | $192,038,114 | 5.61% | 2,246,322 | $31,450,287 | Up ×6 | ||
| BIV | $146,872,690 | 4.29% | 1,914,897 | $991,223 | Up ×6 | ||
| DFAC | $143,659,822 | 4.20% | 3,238,499 | $16,851,670 | Down ×2 | ||
| VT | $116,126,835 | 3.39% | 739,897 | $16,000,795 | Up ×6 | ||
| AGG | $108,284,145 | 3.16% | 1,094,000 | $19,110,226 | Up ×6 | ||
| DFAI | $87,078,583 | 2.54% | 2,110,994 | $15,249,843 | Up ×6 | ||
| BND Vanguard Total Bond Market ETF | $70,672,099 | 2.06% | 962,703 | $4,451,419 | Up ×6 | ||
| AAPL Apple Inc. - Common Stock | $66,277,939 | 1.94% | 229,050 | $8,906,005 | Up ×6 | ||
| VCRB Vanguard Core Bond ETF | $56,163,295 | 1.64% | 727,196 | $15,510,992 | Up ×5 | ||
| VBR | $54,939,278 | 1.60% | 226,097 | $5,719,881 | Down ×5 | ||
| VYM | $54,314,139 | 1.59% | 343,695 | $5,488,357 | Up ×2 | ||
| AVDE | $42,425,005 | 1.24% | 475,617 | $4,049,141 | Up ×6 | ||
| BKLC | $41,707,685 | 1.22% | 290,869 | $3,841,973 | Down ×2 | ||
| DFAU | $35,578,234 | 1.04% | 688,300 | $3,595,695 | Down ×1 | ||
| IAU | $35,334,197 | 1.03% | 467,941 | $-5,549,274 | Up ×1 | ||
| VUG | $33,874,398 | 0.99% | 393,248 | $6,817,971 | Up ×6 | ||
| AVUS | $33,204,637 | 0.97% | 259,250 | $6,273,108 | Up ×4 | ||
| SYK Stryker Corporation Common Stock | $32,642,468 | 0.95% | 103,679 | $-1,465,089 | Down ×3 | ||
| NVDA NVIDIA Corporation - Common Stock | $32,607,166 | 0.95% | 162,963 | $6,321,016 | Up ×4 | ||
| VEA | $32,589,413 | 0.95% | 457,396 | $9,766,933 | Up ×6 | ||
| VCSH Vanguard Short-Term Corporate Bond ETF | $31,324,566 | 0.91% | 396,363 | $-1,176,177 | Down ×1 | ||
| MU Micron Technology, Inc. - Common Stock | $30,764,497 | 0.90% | 26,652 | $20,261,331 | Down ×3 | ||
| VO | $30,304,418 | 0.88% | 376,125 | $3,319,031 | Up ×6 | ||
| DFSV | $29,120,891 | 0.85% | 750,732 | $4,515,235 | Up ×3 | ||
| MSFT Microsoft Corporation - Common Stock | $28,376,477 | 0.83% | 76,072 | $1,188,345 | Up ×6 | ||
| VOOV | $27,215,227 | 0.79% | 124,151 | $5,231,324 | Up ×2 | ||
| AVUV | $24,530,561 | 0.72% | 196,622 | $4,852,009 | Up ×6 | ||
| MGK | $23,698,959 | 0.69% | 269,582 | $4,882,840 | Up ×6 | ||
| VONE Vanguard Russell 1000 ETF | $23,582,598 | 0.69% | 69,623 | $17,530,607 | Up ×4 | ||
| SPTM | $23,376,474 | 0.68% | 257,479 | $980,423 | Down ×1 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $22,585,917 | 0.66% | 63,201 | $4,873,117 | Up ×2 | ||
| VONV Vanguard Russell 1000 Value ETF | $22,167,580 | 0.65% | 208,518 | $16,184,351 | Up ×3 | ||
| AMZN Amazon.com, Inc. - Common Stock | $21,673,373 | 0.63% | 90,935 | $4,941,865 | Up ×6 | ||
| IWN | $21,656,797 | 0.63% | 97,906 | $2,839,618 | Down ×4 | ||
| VONG Vanguard Russell 1000 Growth ETF | $20,929,500 | 0.61% | 163,754 | $14,215,133 | Up ×3 | ||
| SPY SPY | $19,322,981 | 0.56% | 25,876 | $2,780,545 | Up ×6 | ||
| IVV | $19,173,262 | 0.56% | 25,602 | $962,792 | Down ×1 | ||
| SCHB | $19,125,840 | 0.56% | 660,423 | $2,399,670 | Down ×1 | ||
| MUB | $16,598,511 | 0.48% | 154,233 | $5,840,953 | Up ×4 | ||
| SCHF | $15,856,534 | 0.46% | 572,438 | $1,438,020 | Down ×1 | ||
| VWO | $15,051,466 | 0.44% | 252,161 | $2,714,141 | Up ×6 | ||
| VTV | $14,469,128 | 0.42% | 66,394 | $1,569,389 | Up ×2 | ||
| BRKB | $12,999,139 | 0.38% | 25,978 | $81,345 | Down ×1 | ||
| KLAC KLA Corporation - Common Stock | $12,940,445 | 0.38% | 42,890 | $6,606,217 | Up ×1 | ||
| AVGO Broadcom Inc. - Common Stock | $12,855,787 | 0.38% | 34,033 | $2,513,922 | Up ×4 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $12,415,921 | 0.36% | 22,042 | $809,650 | Up ×6 | ||
| CAT Caterpillar, Inc. Common Stock | $12,098,326 | 0.35% | 11,361 | $4,063,510 | Up ×2 | ||
| SPMD | $11,513,055 | 0.34% | 170,413 | $1,332,005 | Down ×2 | ||
| EMXC iShares MSCI Emerging Markets ex China ETF | $11,304,687 | 0.33% | 110,505 | $2,369,911 | Down ×2 | ||
| IBIT iShares Bitcoin Trust ETF | $11,011,509 | 0.32% | 330,775 | $-1,755,539 | Down ×1 | ||
| VGUS Vanguard Ultra-Short Treasury ETF | $10,691,089 | 0.31% | 141,305 | $1,411,209 | Up ×2 | ||
| SUB | $10,495,507 | 0.31% | 98,577 | $2,765,468 | Up ×1 | ||
| ABBV AbbVie Inc. Common Stock | $9,310,676 | 0.27% | 37,000 | $1,931,751 | Up ×6 | ||
| JPM JP Morgan Chase & Co. Common Stock | $9,093,443 | 0.27% | 27,780 | $1,097,045 | Up ×6 | ||
| VOOG | $8,611,434 | 0.25% | 104,229 | $4,639,126 | Up ×6 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $8,601,736 | 0.25% | 73,231 | $2,600,598 | Down ×1 | ||
| SPAB | $8,550,220 | 0.25% | 335,040 | $14,460 | Up ×2 | ||
| GLDM | $7,971,306 | 0.23% | 100,369 | $-1,093,222 | Up ×1 | ||
| FERG Ferguson Enterprises Inc. Common Stock | $7,942,960 | 0.23% | 33,468 | $136,214 | |||
| QQQ Invesco QQQ Trust, Series 1 | $7,882,276 | 0.23% | 10,703 | $1,757,899 | Up ×2 | ||
| AMGN Amgen Inc. - Common Stock | $7,708,650 | 0.23% | 21,288 | $277,656 | Up ×4 | ||
| GS Goldman Sachs Group, Inc. (The) Common Stock | $7,693,324 | 0.22% | 7,607 | $1,485,029 | Up ×3 | ||
| AMAT Applied Materials, Inc. - Common Stock | $7,681,943 | 0.22% | 10,626 | $5,706,373 | Up ×1 | ||
| IXUS iShares Core MSCI Total International Stock ETF | $7,651,836 | 0.22% | 80,174 | $998,367 | Up ×6 | ||
| DFAS | $7,625,032 | 0.22% | 92,604 | $677,878 | Down ×1 | ||
| MGC | $7,090,355 | 0.21% | 25,912 | $1,501,964 | Up ×1 | ||
| VGT | $6,656,660 | 0.19% | 55,695 | $2,079,085 | Up ×6 | ||
| VTEB | $6,405,088 | 0.19% | 126,633 | $4,490,648 | Up ×3 | ||
| AXP American Express Company Common Stock | $6,321,990 | 0.18% | 18,691 | $1,309,169 | Up ×1 | ||
| XOM Exxon Mobil Corporation Common Stock | $5,650,034 | 0.16% | 41,325 | $-521,706 | Up ×6 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $5,626,575 | 0.16% | 15,924 | $970,886 | Down ×1 | ||
| EFV | $5,340,747 | 0.16% | 69,768 | $23,619 | Down ×1 | ||
| TSLA Tesla, Inc. - Common Stock | $5,196,933 | 0.15% | 12,356 | $581,649 | Down ×1 | ||
| JNJ Johnson & Johnson Common Stock | $4,952,558 | 0.14% | 19,501 | $473,539 | Up ×3 | ||
| WMT Walmart Inc. - Common Stock | $4,951,132 | 0.14% | 43,714 | $189,652 | Up ×6 | ||
| VUSB | $4,944,105 | 0.14% | 99,319 | $3,129,030 | Up ×1 | ||
| VYMI Vanguard International High Dividend Yield ETF | $4,931,894 | 0.14% | 50,223 | $-196,655 | Down ×1 | ||
| COST Costco Wholesale Corporation - Common Stock | $4,841,610 | 0.14% | 5,175 | $2,634,587 | Up ×5 | ||
| VB | $4,680,213 | 0.14% | 15,440 | $2,128,098 | Up ×3 | ||
| VIG | $4,555,330 | 0.13% | 19,251 | $277,137 | Down ×3 | ||
| LLY Eli Lilly and Company Common Stock | $4,552,073 | 0.13% | 3,795 | $1,513,143 | Up ×6 | ||
| MDT Medtronic plc. Ordinary Shares | $4,457,876 | 0.13% | 56,984 | $582,483 | Up ×5 | ||
| DFAT | $4,430,107 | 0.13% | 63,378 | $-2,828,160 | Down ×2 | ||
| VTWV Vanguard Russell 2000 Value ETF | $4,284,546 | 0.13% | 21,923 | $3,946,029 | Up ×1 | ||
| VV | $4,193,008 | 0.12% | 12,192 | $578,814 | Up ×5 | ||
| IBM International Business Machines Corporation Common Stock | $4,102,371 | 0.12% | 14,588 | $-1,554,717 | Down ×1 | ||
| IWV | $4,055,361 | 0.12% | 9,511 | $515,647 | Down ×6 | ||
| VBIL Vanguard 0-3 Month Treasury Bill ETF | $4,021,235 | 0.12% | 53,135 | $1,666,329 | Up ×1 | ||
| AIT Applied Industrial Technologies, Inc. Common Stock | $4,005,057 | 0.12% | 11,844 | $610,811 | Down ×1 | ||
| MGV | $3,958,293 | 0.12% | 24,217 | $1,755,681 | Up ×2 | ||
| AMP Ameriprise Financial, Inc. Common Stock | $3,815,698 | 0.11% | 8,317 | $819,198 | Up ×4 | ||
| VNQ | $3,791,524 | 0.11% | 39,319 | $42,729 | Down ×1 | ||
| VTWO Vanguard Russell 2000 ETF | $3,785,356 | 0.11% | 31,176 | $3,548,947 | Up ×3 | ||
| PG Procter & Gamble Company (The) Common Stock | $3,751,549 | 0.11% | 25,583 | $-96,882 | Down ×3 | ||
| GKOS Glaukos Corporation Common Stock | $3,703,500 | 0.11% | 26,499 | $1,164,231 | Up ×3 | ||
| BKIE | $3,647,836 | 0.11% | 36,261 | $297,785 | 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 | $235,566,309 | 6.88% | up ×6 |
| DFUS | $217,968,392 | 6.37% | up ×4 |
| ITOT | $204,750,974 | 5.98% | up ×6 |
| VXUS | $192,038,114 | 5.61% | up ×6 |
| BIV | $146,872,690 | 4.29% | up ×6 |
| VT | $116,126,835 | 3.39% | up ×6 |
| AGG | $108,284,145 | 3.16% | up ×6 |
| DFAI | $87,078,583 | 2.54% | up ×6 |
| BND | $70,672,099 | 2.06% | up ×6 |
| AAPL | $66,277,939 | 1.94% | up ×6 |
| VCRB | $56,163,295 | 1.64% | up ×5 |
| AVDE | $42,425,005 | 1.24% | up ×6 |
| VUG | $33,874,398 | 0.99% | up ×6 |
| AVUS | $33,204,637 | 0.97% | up ×4 |
| NVDA | $32,607,166 | 0.95% | up ×4 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| DDOG | $2,076,892 | 7,977 | 0.06% |
| Unknown issuer (CUSIP: 438516205) | $1,272,872 | 5,685 | 0.04% |
| Unknown issuer (CUSIP: 43849R105) | $1,256,840 | 5,685 | 0.04% |
| VTES | $948,769 | 9,365 | 0.03% |
| Unknown issuer (CUSIP: 84615Q103) | $640,724 | 3,750 | 0.02% |
| CRWD | $614,328 | 805 | 0.02% |
| CL | $561,356 | 6,123 | 0.02% |
| ASML | $529,192 | 266 | 0.02% |
| CDNS | $485,663 | 1,294 | 0.01% |
| DELL | $435,574 | 1,010 | 0.01% |
| NDAQ | $400,090 | 5,076 | 0.01% |
| ANET | $387,157 | 2,279 | 0.01% |
| SPGM | $383,802 | 4,480 | 0.01% |
| DFIC | $357,373 | 9,591 | 0.01% |
| REET | $312,658 | 11,320 | 0.01% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| VOO | Bought more | +17K | +$40.5M |
| DFUS | Bought more | +127K | +$38.3M |
| ITOT | Bought more | +64K | +$36.4M |
| VXUS | Bought more | +164K | +$31.5M |
| VTI | Trimmed | -13K | +$22.8M |
| MU | Trimmed | -4K | +$20.3M |
| AGG | Bought more | +196K | +$19.1M |
| VONE | Bought more | +49K | +$17.5M |
| DFAC | Trimmed | -25K | +$16.9M |
| VONV | Bought more | +145K | +$16.2M |
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 |
|---|---|---|---|---|
| AXP | Dec. 31, 2025 | 13,359 | $4,437,402 | -9.6% |
| HON | June 30, 2026 | 13,406 | $3,030,226 | -1.2% |
| ZTS | June 30, 2025 | 17,162 | $2,825,691 | -51.4% |
| KAI | June 30, 2025 | 5,091 | $1,715,209 | -0.7% |
| ITB | June 30, 2025 | 17,225 | $1,639,993 | No longer tracked |
| LCII | March 31, 2026 | 11,844 | $1,437,151 | -14.3% |
| NPB | Sept. 30, 2025 | 100,920 | $1,383,613 | -1.5% |
| SUSL | June 30, 2025 | 11,342 | $1,086,680 | |
| NXPI | March 31, 2025 | 5,194 | $1,079,637 | 18.2% |
| CL | Dec. 31, 2025 | 13,455 | $1,075,542 | 15.2% |
| XHB | June 30, 2025 | 11,030 | $1,068,807 | No longer tracked |
| DELL | March 31, 2025 | 8,525 | $982,384 | 375.4% |
| SKY | June 30, 2025 | 10,000 | $947,600 | 44.2% |
| TER | June 30, 2026 | 2,905 | $861,216 | -21.8% |
| NKE | March 31, 2025 | 10,897 | $824,540 | -36.1% |
| DSI | June 30, 2025 | 7,054 | $722,400 | No longer tracked |
| GLTR | June 30, 2025 | 5,145 | $666,123 | No longer tracked |
| MUNI | March 31, 2026 | 11,961 | $626,876 | No longer tracked |
| DFNM | March 31, 2026 | 12,000 | $578,040 | No longer tracked |
| FSLR | Dec. 31, 2025 | 2,500 | $551,325 | -15.6% |
| WEC | June 30, 2025 | 4,967 | $541,303 | 5.1% |
| DFS | June 30, 2025 | 2,744 | $468,399 | No longer tracked |
| CVCO | March 31, 2026 | 738 | $435,966 | 20.4% |
| SOXX | June 30, 2025 | 2,194 | $412,710 | 116.9% |
| DD | Dec. 31, 2025 | 4,912 | $382,628 | 247.6% |
| CDNS | March 31, 2025 | 1,269 | $381,284 | 24.0% |
| XLC | June 30, 2026 | 3,415 | $378,619 | No longer tracked |
| TTD | Sept. 30, 2025 | 5,150 | $370,749 | -72.5% |
| RSPT | June 30, 2025 | 10,680 | $365,256 | No longer tracked |
| K | Dec. 31, 2025 | 4,315 | $353,903 | No longer tracked |
| VRTX | Sept. 30, 2025 | 792 | $352,810 | 38.9% |
| ILCG | June 30, 2025 | 4,266 | $345,503 | No longer tracked |
| QRVO | Dec. 31, 2025 | 3,750 | $341,551 | 15.9% |
| C | March 31, 2026 | 2,852 | $332,821 | 16.4% |
| UNH | June 30, 2025 | 611 | $319,766 | 25.8% |
| CMCSA | Sept. 30, 2025 | 8,891 | $317,312 | -15.2% |
| VMBS | March 31, 2026 | 6,509 | $306,424 | |
| TLT | March 31, 2026 | 3,483 | $303,578 | |
| ISTB | June 30, 2025 | 6,228 | $301,124 | |
| INSP | March 31, 2026 | 3,200 | $295,136 | 19.6% |
| LQD | March 31, 2026 | 2,546 | $280,578 | No longer tracked |
| DOV | March 31, 2025 | 1,493 | $280,028 | 14.2% |
| TMUS | Sept. 30, 2025 | 1,110 | $264,451 | -23.8% |
| HYBB | March 31, 2026 | 5,606 | $264,211 | No longer tracked |
| DOW | June 30, 2025 | 7,545 | $263,471 | 23.4% |
| CMA | March 31, 2026 | 3,005 | $261,251 | No longer tracked |
| ADP | Sept. 30, 2025 | 843 | $259,830 | -4.8% |
| WOR | June 30, 2025 | 5,000 | $250,450 | -10.7% |
| HOMZ | June 30, 2025 | 5,555 | $248,333 | No longer tracked |
| PAYX | Sept. 30, 2025 | 1,666 | $242,336 | -2.5% |
| EMB | March 31, 2026 | 2,451 | $235,982 | |
| CWB | March 31, 2026 | 2,645 | $235,934 | No longer tracked |
| VLO | March 31, 2025 | 1,895 | $232,308 | 163.8% |
| USB | March 31, 2025 | 4,842 | $231,593 | 48.2% |
| HYG | March 31, 2026 | 2,865 | $231,005 | No longer tracked |
| DD | June 30, 2026 | 4,887 | $223,831 | 3.0% |
| SUSA | March 31, 2026 | 1,588 | $221,280 | No longer tracked |
| BSX | Sept. 30, 2025 | 2,058 | $221,049 | -47.3% |
| GKOS | March 31, 2025 | 1,474 | $221,012 | 93.6% |
| TMO | June 30, 2025 | 444 | $220,939 | 52.8% |
| NVO | March 31, 2025 | 2,546 | $219,022 | -33.0% |
| USB | June 30, 2026 | 4,195 | $218,182 | 3.6% |
| JEPI | June 30, 2025 | 3,807 | $217,527 | No longer tracked |
| DIHP | March 31, 2026 | 6,859 | $217,190 | No longer tracked |
| KR | June 30, 2026 | 2,994 | $216,629 | 0.5% |
| MUSA | June 30, 2025 | 460 | $216,111 | 40.2% |
| DUK | Dec. 31, 2025 | 1,744 | $215,861 | 5.8% |
| GILD | Sept. 30, 2025 | 1,944 | $215,513 | 31.0% |
| IYC | March 31, 2025 | 2,210 | $212,469 | No longer tracked |
| GIS | June 30, 2026 | 5,705 | $212,357 | 14.4% |
| WFC | June 30, 2025 | 2,954 | $212,045 | 6.4% |
| BKEM | June 30, 2025 | 3,413 | $207,472 | No longer tracked |
| CRWD | Dec. 31, 2025 | 421 | $206,450 | -57.8% |
| RSPH | June 30, 2025 | 6,900 | $205,275 | No longer tracked |
| VTWG | June 30, 2025 | 1,093 | $203,691 | |
| FIW | June 30, 2025 | 2,022 | $203,636 | No longer tracked |
| VRP | March 31, 2025 | 8,360 | $202,229 | No longer tracked |
| MTUM | June 30, 2025 | 1,000 | $202,130 | No longer tracked |
| IUSG | March 31, 2026 | 1,200 | $201,527 | |
| GBTC | June 30, 2026 | 3,819 | $201,490 | No longer tracked |
| SHYF | Sept. 30, 2025 | 11,216 | $140,653 | No longer tracked |
| CHY | Dec. 31, 2025 | 11,845 | $132,901 | 14.9% |
| SCS | Sept. 30, 2025 | 11,307 | $117,933 | No longer tracked |
| CMPS | June 30, 2026 | 19,037 | $105,275 | -1.1% |
| IHS | June 30, 2025 | 11,176 | $58,339 | 49.6% |