WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC

Exempt adviser

CIK

1007399

Location

NORFOLK, VA

Portfolio Value

Mid $3,541,815,268

Diversification

Diversified

Filing Date

Global Rank

#852 / 7,434 — · as of Mar 2024

Top Industry

Software - Infrastructure 11.2%

Period ended 2 years ago

Filed May 7, 2024 · 2y

17 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Exempt adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 106060

Roster of Nov 1, 2026

Private funds

1 fund · Other private funds

Focus by fund count, roster of Nov 1, 2026

$6,349,741 gross assets

Private funds on Schedule D 7.B.(1)

As filed May 1, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$22,036,170 gross assets in 3 funds Other private funds $22,036,170 (3)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	—	—
Mar 2025 to Mar 2026	—	—
May 2024 to Dec 2024	$190,845,217	Registered funds and BDCs (74%)
Apr 2024	$5,504,089,582	Individuals and high net worth (78%)
May 2023 to Mar 2024	$4,754,536,565	Individuals and high net worth (78%)
Apr 2023	$4,754,536,565	Individuals and high net worth (78%)

4 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Mar 31, 2024, never from the firm's own description.

Style

Concentrated

The top 10 positions are 63.1% of the book (60%+)

Turnover

Low turnover

29.4% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 14.3 quarters (12+), a floor since 75.9% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 67.5%; sector active share 54.0% against the combined 13F book's sector weights.

Over time 17 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

515 tracked positions · as of Mar 31, 2024 · Δ vs Dec 31, 2023

Top Position

25.9%

−0.8 pts

Top 5

53.6%

−0.6 pts

Top 10

63.1%

−0.9 pts

HHI

1,038

Diversified−35

Portfolio Trend

17 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2024

Sector	% Portfolio	Value	Positions
Unclassified	66.1%	$2,342,457,957	184
Technology	9.6%	$340,408,949	46
Industrials	5.6%	$197,031,645	45
Financial Services	5.2%	$185,302,542	69
Healthcare	3.5%	$125,524,682	36
Consumer Defensive	3.1%	$110,900,665	25
Consumer Cyclical	2.4%	$86,541,646	34
Communication Services	2.2%	$79,058,506	25
Energy	1.1%	$39,812,678	16
Utilities	0.4%	$13,005,279	9
Basic Materials	0.3%	$12,007,943	18
Real Estate	0.3%	$9,762,776	8

Last Quarter's Activity

Export CSV

Mar 31, 2024 vs Dec 31, 2023

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BSCU	Invesco BulletShares 2030 Corporate Bond ETF	+941,535	2,358,486	$38,655,585
OPK	Opko Health, Inc.	+747,444	878,824	$1,054,588
HYLB	Xtrackers USD High Yield Corporate Bond ETF	+432,749	1,564,624	$55,872,723
BSCT	Invesco BulletShares 2029 Corporate Bond ETF	+329,145	2,413,167	$44,160,956
BSCR	Invesco BulletShares 2027 Corporate Bond ETF	+316,260	2,263,580	$43,664,458
—		+315,589	1,100,767	$27,761,343
BSCS	Invesco BulletShares 2028 Corporate Bond ETF	+300,881	2,188,109	$43,915,347
ANGL	VanEck Fallen Angel High Yield Bond ETF	+230,779	891,820	$25,880,616
WMT	Walmart Inc.	+201,362	300,499	$18,081,024
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	+187,474	655,571	$27,894,546
GOVT	iShares U.S. Treasury Bond ETF	+165,957	3,108,176	$70,773,167
FALN	iShares Fallen Angels USD Bond ETF	+56,383	670,381	$18,006,433
IBMR	iShares iBonds Dec 2029 Term Muni Bond ETF	+53,474	723,196	$18,257,083
IBMP	iShares iBonds Dec 2027 Term Muni Bond ETF	+51,688	746,061	$18,778,355
DFAI	Dimensional International Core Equity Market ETF	+43,995	1,815,008	$54,849,541
IBMQ	iShares iBonds Dec 2028 Term Muni Bond ETF	+42,842	753,826	$19,049,183
AHRT	AH Realty Trust, Inc.	+33,343	566,047	$5,886,888
IJH	iShares Core S&P Mid-Cap ETF	+31,183	38,828	$2,358,412
IBMO	iShares iBonds Dec 2026 Term Muni Bond ETF	+27,538	724,213	$18,358,799
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	+24,152	137,722	$15,000,680
PANW	Palo Alto Networks Inc	+14,732	35,999	$10,228,395
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	+13,420	27,766	$1,423,840
DBX	Dropbox, Inc.	+11,963	421,696	$10,247,212
DFAE	Dimensional Emerging Core Equity Market ETF	+9,500	490,963	$12,136,605
IBDS	iShares iBonds Dec 2027 Term Corporate ETF	+9,400	121,813	$2,899,149
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
BKLN	Invesco Ltd.	−657,530	1,053,528	$22,282,117
BSCQ	Invesco BulletShares 2026 Corporate Bond ETF	−456,681	341,468	$6,559,600
CSCO	Cisco Systems, Inc.	−182,358	78,145	$3,900,216
—		−71,227	113,689	$10,436,650
VNLA	Janus Henderson Short Duration Income ETF	−61,110	64,602	$3,133,197
FLOT	iShares Floating Rate Bond ETF	−59,267	57,168	$2,918,998
IEI	iShares 3-7 Year Treasury Bond ETF	−49,862	73,210	$8,478,450
PGX	Invesco Ltd.	−39,986	26,186	$311,089
PRAA	Pra Group Inc	−37,202	256,381	$6,686,416
XLG	Victory Portfolios II	−19,460	1,510,848	$63,652,026
EFAV	iShares MSCI EAFE Min Vol Factor ETF	−18,981	82,699	$5,861,705
QAI	NYLIM Hedge Multi-Strategy Tracker ETF	−18,108	10,914	$337,133
BOND	PIMCO Active Bond Exchange-Traded Fund	−17,991	91,391	$8,395,177
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	−14,585	22,063	$1,281,198
IXN	iShares Global Tech ETF	−12,095	25,600	$1,915,136
—		−11,076	15,155	$718,953
EFA	iShares MSCI EAFE ETF	−10,740	391,634	$31,275,891
IEFA	iShares Core MSCI EAFE ETF	−10,711	587,420	$43,598,312
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	−10,178	2,524,853	$90,490,731
SPGP	Victory Portfolios II	−8,379	16,262	$1,731,740
EEM	iShares MSCI Emerging Markets ETF	−8,191	61,485	$2,525,803
VFMO	VANGUARD U.S. MOMENTUM FACTOR ETF	−8,187	10,801	$1,633,975
IVV	iShares Core S&P 500 ETF	−8,143	350,079	$184,047,032
ELAN	Elanco Animal Health Inc	−7,650	18,450	$300,366
ENB	Enbridge Inc	−7,404	7,478	$270,554
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
SPHY	State Street(R) SPDR(R) Portfolio High Yield Bond ETF	1,422,012	$33,360,401
JAAA	Janus Henderson AAA CLO ETF	255,346	$12,956,256
SNPS	Synopsys Inc	20,098	$11,486,007
PLTR	Palantir Technologies Inc.	327,045	$7,525,305
STX	Seagate Technology Holdings plc	8,379	$779,665
CEF	Sprott Physical Gold & Silver Trust	18,005	$366,221
—		3,303	$360,588
GBTC	Grayscale Bitcoin Trust ETF	5,983	$341,414
PENN	PENN Entertainment, Inc.	17,300	$315,033
FSLR	First Solar, Inc.	1,623	$273,962
PCEF	Invesco Ltd.	14,312	$269,781
MCK	Mckesson Corp	489	$262,519
ASML	Asml Holding NV	251	$243,587
CSL	Carlisle Companies Inc	608	$238,244
TSCO	Tractor Supply Co	867	$226,911
CTVA	Corteva, Inc.	3,856	$222,375
GDX	VanEck Gold Miners ETF	6,984	$220,834
FTNT	Fortinet, Inc.	3,177	$217,020
SPOT	Spotify Technology S.A.	800	$211,120
SKY	Champion Homes, Inc.	2,423	$205,979
EBAY	Ebay Inc	3,896	$205,630
CGW	Invesco Ltd.	3,700	$205,461
STLD	Steel Dynamics Inc	1,378	$204,260
MET	Metlife Inc	2,742	$203,209
—		5,200	$202,540
No positions match the current search.

Sold Out

Positions the filer fully exited

18 positions

Ticker	Company	Shares	Value
—		92,332	$14,066,780
JEPI	JPMorgan Equity Premium Income ETF	17,804	$978,863
IXG	iShares Global Financials ETF	11,832	$929,758
EXI	iShares Global Industrials ETF	6,808	$867,543
OMC	Omnicom Group Inc.	4,558	$394,312
RAVI	FlexShares Ultra-Short Income Fund	5,210	$390,906
MBSD	FlexShares Disciplined Duration MBS Index Fund	16,813	$345,675
CRI	Carters Inc	4,595	$344,119
BSMS	Invesco BulletShares 2028 Municipal Bond ETF	14,133	$335,729
SCHQ	Schwab Long-Term U.S. Treasury ETF	9,240	$324,139
OKE	Oneok Inc	3,462	$243,101
ECL	Ecolab Inc.	1,177	$233,457
RF	Regions Financial Corp	11,863	$229,904
QDEL	QuidelOrtho Corp	3,075	$226,627
SONY	Sony Group Corp	2,359	$223,373
VNM	VanEck Vietnam ETF	12,506	$161,577
ARQT	Arcutis Biotherapeutics, Inc.	20,000	$64,600
—		10,200	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

515 tracked positions · $3,541,815,268 total · filing declares 528 positions · $3,573,810,852 · as of Mar 31, 2024

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 515 positions by value · page 1 of 11

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VOO	VANGUARD 500 INDEX FUND	Added	688,588	+5,404	$331,004,251	+10.9%	17+	before history	9.35%
IWF	iShares Russell 1000 Growth ETF	Reduced	567,407	-5,873	$191,244,529	+10.0%	17+	before history	5.40%
IVV	iShares Core S&P 500 ETF	Reduced	350,079	-8,143	$184,047,032	+7.6%	17+	before history	5.20%
VTV	VANGUARD VALUE INDEX FUND	Added	593,370	+6,916	$96,636,238	+10.2%	17+	before history	2.73%
VO	VANGUARD MID-CAP INDEX FUND	Added	362,227	+2,889	$90,506,038	+8.3%	17+	before history	2.56%
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	Reduced	2,524,853	-10,178	$90,490,731	+5.0%	17+	before history	2.55%
NSC	Norfolk Southern Corp Industrials	Reduced	293,983	-2,157	$74,927,447	+7.0%	17+	before history	2.12%
GOVT	iShares U.S. Treasury Bond ETF	Added	3,108,176	+165,957	$70,773,167	+4.4%	4	unpriced	2.00%
QUAL	iShares MSCI USA Quality Factor ETF	Reduced	415,488	-3,201	$68,285,452	+10.8%	17+	before history	1.93%
VB	Vanguard Index Funds	Added	281,397	+2,534	$64,324,540	+8.1%	17+	before history	1.82%
AAPL	Apple Inc. Technology	Added	372,033	+574	$63,796,218	−10.8%	17+	before history	1.80%
XLG	Victory Portfolios II	Reduced	1,510,848	-19,460	$63,652,026	+10.3%	17+	before history	1.80%
MSFT	Microsoft Corp Technology	Added	149,388	+237	$62,850,519	+12.1%	17+	before history	1.77%
HYLB	Xtrackers USD High Yield Corporate Bond ETF	Added	1,564,624	+432,749	$55,872,723	+38.9%	2	$34.60	1.58%
IWR	iShares Russell Mid-Cap ETF	Reduced	653,290	-5,302	$54,935,156	+7.3%	17+	before history	1.55%
DFAI	Dimensional International Core Equity Market ETF	Added	1,815,008	+43,995	$54,849,541	+8.1%	3	$27.16	1.55%
DLN	WisdomTree U.S. LargeCap Dividend Fund	Added	681,367	+7,848	$49,187,883	+10.0%	17+	before history	1.39%
BSCT	Invesco BulletShares 2029 Corporate Bond ETF	Added	2,413,167	+329,145	$44,160,956	+14.3%	5	$18.09	1.25%
BSCS	Invesco BulletShares 2028 Corporate Bond ETF	Added	2,188,109	+300,881	$43,915,347	+14.7%	7	$19.94	1.24%
BSCR	Invesco BulletShares 2027 Corporate Bond ETF	Added	2,263,580	+316,260	$43,664,458	+15.3%	17+	before history	1.23%
IEFA	iShares Core MSCI EAFE ETF	Reduced	587,420	-10,711	$43,598,312	+3.6%	17+	before history	1.23%
BSCU	Invesco BulletShares 2030 Corporate Bond ETF	Added	2,358,486	+941,535	$38,655,585	+64.0%	4	$16.08	1.09%
CAT	Caterpillar Inc Industrials	Reduced	104,102	-282	$38,146,095	+23.6%	17+	before history	1.08%
NVDA	Nvidia Corp Technology	Reduced	38,124	-282	$34,447,321	+81.1%	17+	before history	0.97%
SPHY	State Street(R) SPDR(R) Portfolio High Yield Bond ETF	NEW	1,422,012	NEW	$33,360,401	NEW	1	$23.34	0.94%
EFA	iShares MSCI EAFE ETF	Reduced	391,634	-10,740	$31,275,891	+3.2%	17+	before history	0.88%
AMZN	Amazon Com Inc Consumer Cyclical	Added	159,076	+1,897	$28,694,128	+20.2%	17+	before history	0.81%
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	Added	655,571	+187,474	$27,894,546	+41.1%	2	unpriced	0.79%
		Added	1,100,767	+315,589	$27,761,343	+40.6%	6	$24.63	0.78%
ANGL	VanEck Fallen Angel High Yield Bond ETF	Added	891,820	+230,779	$25,880,616	+36.0%	17+	before history	0.73%
JPM	Jpmorgan Chase & Co Financial Services	Added	117,034	+1,461	$23,441,910	+19.2%	17+	before history	0.66%
JNJ	Johnson & Johnson Healthcare	Reduced	144,847	-1,059	$22,913,346	+0.2%	17+	before history	0.65%
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	Added	620,843	+9,071	$22,468,308	+3.7%	17+	before history	0.63%
BKLN	Invesco Ltd. Financial Services	Reduced	1,053,528	-657,530	$22,282,117	−38.5%	3	$21.05	0.63%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	52,029	+1,125	$21,879,235	+20.5%	17+	before history	0.62%
PEP	Pepsico Inc Consumer Defensive	Reduced	118,270	-1,386	$20,698,432	+1.9%	17+	before history	0.58%
GOOGL	Alphabet Inc. Communication Services	Added	135,906	+1,907	$20,512,292	+9.6%	17+	before history	0.58%
IWD	iShares Russell 1000 Value ETF	Added	114,110	+44	$20,438,242	+8.4%	17+	before history	0.58%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	125,148	+1,574	$20,305,263	+12.1%	17+	before history	0.57%
MINT	PIMCO Enhanced Short Maturity Active Exchange-Traded Fund	Reduced	190,543	-5,521	$19,157,193	−2.1%	17+	before history	0.54%
ORCL	Oracle Corp Technology	Added	152,324	+1,806	$19,133,417	+20.6%	17+	before history	0.54%
IBMQ	iShares iBonds Dec 2028 Term Muni Bond ETF	Added	753,826	+42,842	$19,049,183	+4.7%	7	unpriced	0.54%
IBMP	iShares iBonds Dec 2027 Term Muni Bond ETF	Added	746,061	+51,688	$18,778,355	+6.4%	11	unpriced	0.53%
COST	Costco Wholesale Corp Consumer Defensive	Added	25,377	+139	$18,591,951	+11.6%	17+	before history	0.52%
IBMO	iShares iBonds Dec 2026 Term Muni Bond ETF	Added	724,213	+27,538	$18,358,799	+3.3%	16	unpriced	0.52%
QCOM	Qualcomm Inc Technology	Added	108,152	+877	$18,310,133	+18.0%	17+	before history	0.52%
IBMR	iShares iBonds Dec 2029 Term Muni Bond ETF	Added	723,196	+53,474	$18,257,083	+6.5%	2	unpriced	0.52%
PFM	Victory Portfolios II	Reduced	427,285	-4,631	$18,189,522	+5.6%	9	$37.70	0.51%
WMT	Walmart Inc. Consumer Defensive	Added	300,499	+201,362	$18,081,024	+15.7%	17+	before history	0.51%
FALN	iShares Fallen Angels USD Bond ETF	Added	670,381	+56,383	$18,006,433	+11.1%	2	unpriced	0.51%

Showing the top 50 of 515 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.