Fund Evaluation Group, LLC

Registered adviser

CIK

1356249

Location

CINCINNATI, OH

Portfolio Value

Mid $3,703,387,913

Diversification

Highly concentrated

Filing Date

Global Rank

#1,048 / 8,811 ▲ 668

Top Industry

Internet Content & Information 41.8%

Period ended 4 months ago

Filed Aug 7, 2026 · 2mo

26 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

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 121658

Roster of Oct 1, 2026

Regulatory AUM

$23,858,830,840

Main clients

Charitable organizations (81% of AUM)

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 Oct 2026	$23,858,830,840	Charitable organizations (81%)
Jul 2025 to Mar 2026	$20,565,989,191	Charitable organizations (79%)
Apr 2025 to Jun 2025	$20,565,989,191	Charitable organizations (56%)
Apr 2024 to Mar 2025	$19,848,561,829	Diversified
May 2023 to Mar 2024	$16,616,287,284	Diversified
Apr 2023	$16,616,287,284	Diversified

5 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 98.0% of the book (60%+)

Turnover

Low turnover

25.3% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 17.5 quarters (12+), a floor since 48.1% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 95.3%; sector active share 90.6% against the combined 13F book's sector weights.

Over time 26 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

80 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

52.9%

−4.8 pts

Top 5

94.0%

+6.6 pts

Top 10

98.0%

+2.4 pts

HHI

3,588

Highly concentrated−111

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	100.0%	$3,701,555,544	74
Communication Services	0.0%	$765,267	1
Financial Services	0.0%	$507,895	1
Technology	0.0%	$497,748	2
Healthcare	0.0%	$61,459	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
SCHG	Schwab U.S. Large-Cap Growth ETF	+3,964,875	14,648,669	$495,710,958
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	+1,179,946	1,184,318	$92,270,215
GOVT	iShares U.S. Treasury Bond ETF	+424,642	18,424,626	$419,712,980
CATH	Global X S&P 500 Catholic Values ETF	+238,027	976,483	$86,418,745
IGLB	iShares 10+ Year Investment Grade Corporate Bond ETF	+211,693	508,806	$25,460,652
AGG	iShares Core U.S. Aggregate Bond ETF	+149,486	477,654	$47,278,192
IEFA	iShares Core MSCI EAFE ETF	+134,846	137,356	$13,265,842
TLT	iShares 20+ Year Treasury Bond ETF	+104,809	265,309	$22,928,003
VOTE	TCW Transform 500 ETF	+80,305	512,574	$45,193,137
VB	Vanguard Index Funds	+58,442	87,872	$26,635,760
VOO	VANGUARD 500 INDEX FUND	+54,801	265,157	$182,112,479
VO	VANGUARD MID-CAP INDEX FUND	+42,831	57,108	$4,601,191
IWF	iShares Russell 1000 Growth ETF	+22,280	26,616	$3,304,908
TIP	iShares TIPS Bond ETF	+13,348	21,902	$2,396,735
VNQ	VANGUARD REAL ESTATE INDEX FUND	+11,776	26,637	$2,568,605
BIV	Vanguard Bond Index Funds	+10,503	144,624	$11,092,660
STIP	iShares 0-5 Year TIPS Bond ETF	+8,316	53,006	$5,415,092
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	+5,153	33,182	$1,931,192
EEM	iShares MSCI Emerging Markets ETF	+4,400	13,870	$948,846
SHV	iShares 0-1 Year Treasury Bond ETF	+4,288	281,843	$31,101,375
ESGD	iShares ESG Aware MSCI EAFE ETF	+3,450	116,875	$12,015,918
VIOO	VANGUARD S&P SMALL-CAP 600 INDEX FUND	+1,768	4,984	$685,499
—		+976	70,915	$10,942,184
VSGX	VANGUARD ESG INTERNATIONAL STOCK ETF	+940	61,277	$5,045,548
VIOG	VANGUARD S&P SMALL-CAP 600 GROWTH INDEX FUND	+925	3,155	$484,040
No positions match the current search.

Trimmed

Positions the filer reduced

19 positions

Ticker	Company	Δ Shares	Shares	Value
SCHX	Schwab U.S. Large-Cap ETF	−869,003	8,405,541	$247,375,071
SCHF	Schwab International Equity ETF	−725,524	4,807,713	$133,173,650
IVV	iShares Core S&P 500 ETF	−245,014	1,456,901	$1,091,058,589
IXUS	iShares Core MSCI Total International Stock ETF	−196,678	2,134,934	$203,758,100
SCHE	Schwab Emerging Markets Equity ETF	−71,490	1,153,361	$41,820,869
—		−56,490	374,838	$21,616,907
VTHR	VANGUARD RUSSELL 3000 INDEX FUND	−11,221	75,890	$25,152,222
EFA	iShares MSCI EAFE ETF	−9,866	60,266	$6,260,432
SCHC	Schwab International Small-Cap Equity ETF	−9,621	246,963	$11,883,859
IWO	iShares Russell 2000 Growth ETF	−1,477	33,679	$13,268,178
PRF	Victory Portfolios II	−1,425	10,697	$577,958
AAPL	Apple Inc.	−941	694	$200,815
SCHH	Schwab U.S. REIT ETF	−915	39,129	$926,574
DFIV	Dimensional International Value ETF	−659	58,191	$3,143,477
VEA	Vanguard FTSE Developed Markets ETF	−442	222,587	$15,859,323
ACWX	iShares MSCI ACWI ex U.S. ETF	−412	33,316	$2,535,680
ACWI	iShares MSCI ACWI ETF	−400	16,987	$2,666,449
IWV	iShares Russell 3000 ETF	−385	42,134	$17,965,937
IJR	iShares Core S&P Small-Cap ETF	−22	3,306	$490,312
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
MLPX	Global X MLP and Energy Infrastructure ETF	406,672	$29,955,459
IEMG	iShares Trust	120,092	$9,948,421
BNDX	Vanguard Total International Bond ETF	111,718	$5,410,502
IGF	iShares Global Infrastructure ETF	13,621	$907,158
RWR	State Street(R) SPDR(R) Dow Jones(R) REIT ETF	7,570	$855,182
NBIS	Nebius Group N.V.	2,771	$765,267
GUNR	FlexShares Morningstar Global Upstream Natural Resources Index Fund	12,948	$638,077
BRK-B	Berkshire Hathaway Inc	1,015	$507,895
GLD	Spdr Gold Trust	1,160	$427,320
GDX	VanEck Gold Miners ETF	5,365	$404,789
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	1,487,047	$74,277,997
SPGM	State Street(R) SPDR(R) Portfolio MSCI Global Stock Market ETF	26,923	$2,038,340
USRT	iShares Core U.S. REIT ETF	62,010	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

80 tracked positions · $3,703,387,913 total · filing declares 80 positions · $3,703,319,517 · as of Jun 30, 2026

All sectors Communication Services Financial Services Healthcare Technology

Showing 1–50 of 80 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
IVV	iShares Core S&P 500 ETF	Reduced	1,456,901	-245,014	$1,091,058,589	—	26+	before history	29.46%
SCHG	Schwab U.S. Large-Cap Growth ETF	Added	14,648,669	+3,964,875	$495,710,958	+59.3%	26+	before history	13.39%
GOVT	iShares U.S. Treasury Bond ETF	Added	18,424,626	+424,642	$419,712,980	—	14	unpriced	11.33%
SCHX	Schwab U.S. Large-Cap ETF	Reduced	8,405,541	-869,003	$247,375,071	+4.0%	13	unpriced	6.68%
IXUS	iShares Core MSCI Total International Stock ETF	Reduced	2,134,934	-196,678	$203,758,100	—	7	unpriced	5.50%
VOO	VANGUARD 500 INDEX FUND	Added	265,157	+54,801	$182,112,479	+44.9%	6	unpriced	4.92%
SCHF	Schwab International Equity ETF	Reduced	4,807,713	-725,524	$133,173,650	−2.8%	14	unpriced	3.60%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	296,485	+171	$109,711,309	+15.4%	7	unpriced	2.96%
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	Added	1,184,318	+1,179,946	$92,270,215	+26816.0%	5	$78.04	2.49%
CATH	Global X S&P 500 Catholic Values ETF	Added	976,483	+238,027	$86,418,745	+49.7%	26+	before history	2.33%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	477,654	+149,486	$47,278,192	—	26+	before history	1.28%
VOTE	TCW Transform 500 ETF	Added	512,574	+80,305	$45,193,137	+37.0%	2	$80.70	1.22%
SCHE	Schwab Emerging Markets Equity ETF	Reduced	1,153,361	-71,490	$41,820,869	+3.6%	13	unpriced	1.13%
SHV	iShares 0-1 Year Treasury Bond ETF	Added	281,843	+4,288	$31,101,375	—	15	unpriced	0.84%
MLPX	Global X MLP and Energy Infrastructure ETF	NEW	406,672	NEW	$29,955,459	NEW	1	$73.52	0.81%
VB	Vanguard Index Funds	Added	87,872	+58,442	$26,635,760	+245.5%	2	unpriced	0.72%
RSP	Victory Portfolios II	Held	119,857	0	$25,501,973	+10.9%	2	$198.17	0.69%
IGLB	iShares 10+ Year Investment Grade Corporate Bond ETF	Added	508,806	+211,693	$25,460,652	—	12	unpriced	0.69%
VTHR	VANGUARD RUSSELL 3000 INDEX FUND	Reduced	75,890	-11,221	$25,152,222	+0.4%	5	$268.45	0.68%
TLT	iShares 20+ Year Treasury Bond ETF	Added	265,309	+104,809	$22,928,003	—	9	unpriced	0.62%
IWD	iShares Russell 1000 Value ETF	Added	94,280	+484	$22,856,300	—	6	unpriced	0.62%
		Reduced	374,838	-56,490	$21,616,907	+3.7%	13	$46.25	0.58%
SCHP	Schwab U.S. TIPS ETF	Held	748,000	0	$19,822,000	−0.4%	26+	before history	0.54%
SCHO	Schwab Short-Term U.S. Treasury ETF	Held	772,924	0	$18,658,385	−0.5%	26+	before history	0.50%
IWV	iShares Russell 3000 ETF	Reduced	42,134	-385	$17,965,937	—	26+	before history	0.49%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	222,587	-442	$15,859,323	+11.0%	6	$65.25	0.43%
SDY	State Street(R) SPDR(R) S&P(R) Dividend ETF	Held	89,489	0	$13,618,436	+4.3%	2	$149.00	0.37%
IWO	iShares Russell 2000 Growth ETF	Reduced	33,679	-1,477	$13,268,178	—	6	unpriced	0.36%
IEFA	iShares Core MSCI EAFE ETF	Added	137,356	+134,846	$13,265,842	—	5	unpriced	0.36%
ESGD	iShares ESG Aware MSCI EAFE ETF	Added	116,875	+3,450	$12,015,918	—	12	unpriced	0.32%
SCHC	Schwab International Small-Cap Equity ETF	Reduced	246,963	-9,621	$11,883,859	−0.9%	7	unpriced	0.32%
DFUS	Dimensional U.S. Equity Market ETF	Held	140,789	0	$11,536,250	+15.6%	21	unpriced	0.31%
BIV	Vanguard Bond Index Funds	Added	144,624	+10,503	$11,092,660	+7.2%	5	$76.42	0.30%
		Added	70,915	+976	$10,942,184	+18.4%	12	$97.82	0.30%
VONV	VANGUARD RUSSELL 1000 VALUE INDEX FUND	Held	96,000	0	$10,205,760	+13.4%	4	$88.22	0.28%
IEMG	iShares Trust	NEW	120,092	NEW	$9,948,421	NEW	1	unpriced	0.27%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Added	114,146	+18	$8,379,457	−0.3%	7	$74.07	0.23%
EFA	iShares MSCI EAFE ETF	Reduced	60,266	-9,866	$6,260,432	—	22	unpriced	0.17%
STIP	iShares 0-5 Year TIPS Bond ETF	Added	53,006	+8,316	$5,415,092	—	3	unpriced	0.15%
BNDX	Vanguard Total International Bond ETF	NEW	111,718	NEW	$5,410,502	NEW	1	$48.10	0.15%
VSGX	VANGUARD ESG INTERNATIONAL STOCK ETF	Added	61,277	+940	$5,045,548	+16.6%	6	unpriced	0.14%
DBC	Invesco DB Commodity Index Tracking Fund	Held	185,314	0	$4,940,471	−7.9%	8	$22.33	0.13%
VO	VANGUARD MID-CAP INDEX FUND	Added	57,108	+42,831	$4,601,191	+348.9%	5	unpriced	0.12%
IWR	iShares Russell Mid-Cap ETF	Held	35,293	0	$3,893,523	—	15	unpriced	0.11%
		Held	112,990	0	$3,634,888	+5.8%	2	$31.98	0.10%
IWF	iShares Russell 1000 Growth ETF	Added	26,616	+22,280	$3,304,908	—	2	unpriced	0.09%
DFIV	Dimensional International Value ETF	Reduced	58,191	-659	$3,143,477	+1.2%	20	unpriced	0.08%
ACWI	iShares MSCI ACWI ETF	Reduced	16,987	-400	$2,666,449	—	26+	before history	0.07%
VNQ	VANGUARD REAL ESTATE INDEX FUND	Added	26,637	+11,776	$2,568,605	+94.9%	11	$88.88	0.07%
ACWX	iShares MSCI ACWI ex U.S. ETF	Reduced	33,316	-412	$2,535,680	—	26+	before history	0.07%

Showing the top 50 of 80 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.