LBMC INVESTMENT ADVISORS, LLC

Registered adviser

CIK

1536924

Location

BRENTWOOD, TN

Portfolio Value

Mid $1,832,146,980

Diversification

Highly concentrated

Filing Date

Global Rank

#1,687 / 8,816 ▼ 15

Top Industry

Internet Content & Information 11.5%

Period ended 4 months ago

Filed Aug 10, 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 108943

Roster of Oct 1, 2026

Regulatory AUM

$2,226,438,368

Main clients

Individuals and high net worth (98% 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	$2,226,438,368	Individuals and high net worth (98%)
Feb 2025 to Mar 2026	$1,953,855,930	Individuals and high net worth (97%)
Feb 2024 to Jan 2025	$1,808,519,793	Individuals and high net worth (97%)
May 2023 to Jan 2024	$1,623,655,985	Individuals and high net worth (96%)
Mar 2023 to Apr 2023	$1,623,655,985	Individuals and high net worth (96%)
Apr 2022 to Feb 2023	$1,896,867,329	Individuals and high net worth (96%)

3 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 86.4% of the book (60%+)

Turnover

Low turnover

5.5% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 22.1 quarters (12+), a floor since 74.1% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 82.6%; sector active share 77.1% 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

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

Top Position

58.8%

−1.2 pts

Top 5

81.1%

−0.3 pts

Top 10

86.5%

+0.1 pts

HHI

3,718

Highly concentrated−162

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	89.6%	$1,641,831,382	125
Technology	2.7%	$49,144,116	25
Financial Services	2.2%	$40,332,983	31
Healthcare	1.5%	$26,686,636	15
Communication Services	1.3%	$23,181,261	5
Industrials	1.2%	$22,472,700	17
Consumer Cyclical	0.8%	$14,057,108	8
Consumer Defensive	0.3%	$6,326,028	6
Energy	0.2%	$4,015,449	6
Utilities	0.1%	$2,607,381	3
Basic Materials	0.1%	$1,491,936	4

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
—		+1,848,884	2,307,284	$63,242,654
IBHJ	iShares iBonds 2030 Term High Yield and Income ETF	+256,373	1,189,960	$31,492,291
IBHI	iShares iBonds 2029 Term High Yield and Income ETF	+241,669	1,709,445	$39,983,918
IBHH	iShares iBonds 2028 Term High Yield and Income ETF	+196,432	1,937,560	$45,532,660
IBHK	iShares iBonds 2031 Term High Yield and Income ETF	+180,024	665,633	$17,153,362
IBHG	iShares iBonds 2027 Term High Yield and Income ETF	+155,798	1,772,416	$39,134,945
VO	VANGUARD MID-CAP INDEX FUND	+128,345	171,084	$13,784,237
IBDV	iShares iBonds Dec 2030 Term Corporate ETF	+63,956	345,712	$7,536,521
IBDU	iShares iBonds Dec 2029 Term Corporate ETF	+59,694	367,266	$8,505,880
IBMS	iShares iBonds Dec 2030 Term Muni Bond ETF	+53,879	323,023	$8,356,605
IBDT	iShares iBonds Dec 2028 Term Corporate ETF	+47,557	280,115	$7,072,903
IBHF	iShares iBonds 2026 Term High Yield and Income ETF	+37,876	1,161,706	$26,312,640
IBMR	iShares iBonds Dec 2029 Term Muni Bond ETF	+32,781	520,275	$13,209,782
IEFA	iShares Core MSCI EAFE ETF	+27,464	622,624	$60,133,025
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	+27,230	31,118	$3,719,223
IBHL	iShares iBonds 2032 Term High Yield and Income ETF	+23,221	164,572	$4,182,597
IBMQ	iShares iBonds Dec 2028 Term Muni Bond ETF	+18,306	577,987	$14,784,907
IBMP	iShares iBonds Dec 2027 Term Muni Bond ETF	+18,198	584,924	$14,868,768
CSCO	Cisco Systems, Inc.	+16,955	28,898	$3,394,359
IJR	iShares Core S&P Small-Cap ETF	+10,888	189,650	$28,126,991
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	+8,587	184,044	$29,084,473
IEMG	iShares Trust	+7,017	117,665	$0
DSPY	Tema Etfs LLC	+6,725	36,724	$2,417,394
IWF	iShares Russell 1000 Growth ETF	+6,335	8,373	$1,039,675
VUG	VANGUARD GROWTH INDEX FUND	+6,290	6,821	$587,560
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SO	Southern Co	−8,018	18,350	$1,756,278
IVW	iShares S&P 500 Growth ETF	−5,436	112,572	$15,482,027
AMD	Advanced Micro Devices Inc	−5,056	1,855	$1,077,588
IBMO	iShares iBonds Dec 2026 Term Muni Bond ETF	−4,839	520,304	$13,340,594
IVV	iShares Core S&P 500 ETF	−4,769	415,571	$311,216,966
RSP	Victory Portfolios II	−4,356	1,319,004	$280,644,481
IBIT	iShares Bitcoin Trust ETF	−4,166	16,620	$553,279
PNFP	Pinnacle Financial Partners, Inc.	−3,400	16,010	$1,615,088
IBDW	iShares iBonds Dec 2031 Term Corporate ETF	−3,191	101,934	$2,124,304
VNQ	VANGUARD REAL ESTATE INDEX FUND	−3,171	88,993	$8,581,594
PFE	Pfizer Inc	−3,000	10,922	$263,001
WMT	Walmart Inc.	−2,399	6,986	$791,234
MRK	Merck & Co., Inc.	−2,032	6,967	$895,259
CVX	Chevron Corp	−2,020	4,491	$744,428
IWM	iShares Russell 2000 ETF	−1,941	702,868	$211,176,690
EFA	iShares MSCI EAFE ETF	−1,824	486,616	$50,549,670
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	−1,794	116,875	$5,889,331
LLY	ELI LILLY & Co	−1,786	1,708	$2,048,626
BMY	Bristol Myers Squibb Co	−1,700	5,755	$331,603
C	Citigroup Inc	−1,500	8,479	$1,186,720
BAC	Bank Of America Corp	−1,367	16,280	$927,634
PEP	Pepsico Inc	−1,259	2,663	$360,570
MU	Micron Technology Inc	−1,236	2,010	$2,320,122
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	−1,136	5,416	$421,960
—		−1,091	125,330	$12,232,208
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
IBMU	iShares iBonds Dec 2032 Term Muni Bond ETF	49,365	$1,255,351
IBHM	iShares iBonds 2033 Term High Yield and Income ETF	19,700	$500,577
VRT	Vertiv Holdings Co	1,428	$478,122
VTV	VANGUARD VALUE INDEX FUND	2,101	$457,870
—		10,998	$394,718
SPCX	Space Exploration Technologies Corp	2,308	$394,344
—		1,994	$307,674
LITE	Lumentum Holdings Inc.	356	$305,469
CRWD	CrowdStrike Holdings, Inc.	399	$304,492
CRDO	Credo Technology Group Holding Ltd	1,101	$299,416
TSM	Taiwan Semiconductor Manufacturing Co Ltd	622	$297,048
ABNB	Airbnb, Inc.	2,038	$291,637
ALAB	Astera Labs, Inc.	568	$274,355
ASML	Asml Holding NV	134	$266,584
SMH	VanEck Semiconductor ETF	400	$262,356
BWXT	BWX Technologies, Inc.	1,261	$245,453
IWD	iShares Russell 1000 Value ETF	1,009	$244,611
—		5,805	$244,158
RVTY	Revvity, Inc.	2,133	$237,317
PM	Philip Morris International Inc.	1,265	$228,851
WSBC	Wesbanco Inc	5,768	$225,125
—		1,685	$222,790
MRVL	Marvell Technology, Inc.	724	$215,672
UCB	United Community Banks Inc	6,107	$214,294
SCHE	Schwab Emerging Markets Equity ETF	5,810	$210,670
No positions match the current search.

Sold Out

Positions the filer fully exited

20 positions

Ticker	Company	Shares	Value
IBDS	iShares iBonds Dec 2027 Term Corporate ETF	259,209	$6,283,226
IBDR	iShares iBonds Dec 2026 Term Corporate ETF	211,425	$5,124,942
SMCI	Super Micro Computer, Inc.	39,418	$897,547
SNOW	Snowflake Inc.	4,328	$652,748
FBTC	Fidelity Wise Origin Bitcoin Fund	10,850	$640,475
ADI	Analog Devices Inc	1,892	$601,920
STX	Seagate Technology Holdings plc	1,000	$391,760
HON	Honeywell International Inc	1,654	$373,853
AMAT	Applied Materials Inc	1,050	$358,879
MPC	Marathon Petroleum Corp	1,338	$326,712
T	At&T Inc.	10,738	$311,294
FBK	FB Financial Corp	5,614	$291,591
APLD	Applied Digital Corp.	11,930	$283,218
VZ	Verizon Communications Inc	5,640	$283,128
TXN	Texas Instruments Inc	1,286	$249,664
PFF	iShares Preferred and Income Securities ETF	7,816	$236,981
MSTR	Strategy Inc	1,858	$231,878
PRU	Prudential Financial Inc	2,297	$224,393
DUK	Duke Energy CORP	1,541	$201,778
TXXS	21Shares 2x Long Sui ETF	36,834	$156,581
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

245 tracked positions · $1,832,146,980 total · filing declares 245 positions · $1,845,290,357 · as of Jun 30, 2026

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

Showing 1–50 of 245 positions by value · page 1 of 5

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	415,571	-4,769	$311,216,966	+13.3%	26+	before history	16.99%
RSP	Victory Portfolios II	Reduced	1,319,004	-4,356	$280,644,481	+10.5%	26+	before history	15.32%
IWM	iShares Russell 2000 ETF	Reduced	702,868	-1,941	$211,176,690	+20.8%	26+	before history	11.53%
		Added	2,307,284	+1,848,884	$63,242,654	+408.3%	26+	before history	3.45%
IEFA	iShares Core MSCI EAFE ETF	Added	622,624	+27,464	$60,133,025	+11.6%	26+	before history	3.28%
EFA	iShares MSCI EAFE ETF	Reduced	486,616	-1,824	$50,549,670	+6.6%	26+	before history	2.76%
IBHH	iShares iBonds 2028 Term High Yield and Income ETF	Added	1,937,560	+196,432	$45,532,660	+11.4%	10	unpriced	2.49%
IBHI	iShares iBonds 2029 Term High Yield and Income ETF	Added	1,709,445	+241,669	$39,983,918	+17.0%	9	unpriced	2.18%
IBHG	iShares iBonds 2027 Term High Yield and Income ETF	Added	1,772,416	+155,798	$39,134,945	+9.4%	10	unpriced	2.14%
DVY	iShares Select Dividend ETF	Added	231,257	+550	$36,145,469	+3.5%	26+	before history	1.97%
IBHJ	iShares iBonds 2030 Term High Yield and Income ETF	Added	1,189,960	+256,373	$31,492,291	+28.7%	8	unpriced	1.72%
VEA	Vanguard FTSE Developed Markets ETF	Added	435,092	+3,296	$31,000,305	+12.0%	26+	before history	1.69%
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	Added	184,044	+8,587	$29,084,473	+11.9%	25	unpriced	1.59%
IJR	iShares Core S&P Small-Cap ETF	Added	189,650	+10,888	$28,126,991	+26.6%	26+	before history	1.54%
IBHF	iShares iBonds 2026 Term High Yield and Income ETF	Added	1,161,706	+37,876	$26,312,640	+2.0%	10	unpriced	1.44%
VTWO	VANGUARD RUSSELL 2000 INDEX FUND	Reduced	149,225	-160	$18,118,899	+21.1%	26+	before history	0.99%
AAPL	Apple Inc. Technology	Reduced	62,360	-265	$18,044,489	+13.5%	26+	before history	0.98%
VOO	VANGUARD 500 INDEX FUND	Reduced	25,231	-56	$17,328,903	+14.7%	26+	before history	0.95%
IBHK	iShares iBonds 2031 Term High Yield and Income ETF	Added	665,633	+180,024	$17,153,362	+38.8%	6	unpriced	0.94%
HCA	HCA Healthcare, Inc. Healthcare	Added	43,301	+1	$16,882,626	−17.6%	26+	before history	0.92%
ICF	iShares Select U.S. REIT ETF	Reduced	238,394	-858	$16,122,586	+8.9%	26+	before history	0.88%
IVW	iShares S&P 500 Growth ETF	Reduced	112,572	-5,436	$15,482,027	+16.0%	26+	before history	0.85%
IBMP	iShares iBonds Dec 2027 Term Muni Bond ETF	Added	584,924	+18,198	$14,868,768	+3.1%	11	unpriced	0.81%
IBMQ	iShares iBonds Dec 2028 Term Muni Bond ETF	Added	577,987	+18,306	$14,784,907	+3.5%	10	unpriced	0.81%
VO	VANGUARD MID-CAP INDEX FUND	Added	171,084	+128,345	$13,784,237	+12.3%	25	unpriced	0.75%
IBMO	iShares iBonds Dec 2026 Term Muni Bond ETF	Reduced	520,304	-4,839	$13,340,594	−0.9%	16	unpriced	0.73%
IBMR	iShares iBonds Dec 2029 Term Muni Bond ETF	Added	520,275	+32,781	$13,209,782	+6.9%	7	unpriced	0.72%
IDU	iShares U.S. Utilities ETF	Added	107,355	+470	$12,303,956	−0.9%	26+	before history	0.67%
		Reduced	125,330	-1,091	$12,232,208	+9.3%	26+	before history	0.67%
GOOG	Alphabet Inc. Communication Services	Added	28,532	+1,397	$10,081,211	+29.5%	26+	before history	0.55%
IVE	iShares S&P 500 Value ETF	Reduced	41,803	-175	$9,491,789	+7.1%	26+	before history	0.52%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Added	145,375	+1,514	$8,677,433	+11.6%	26+	before history	0.47%
VNQ	VANGUARD REAL ESTATE INDEX FUND	Reduced	88,993	-3,171	$8,581,594	+5.0%	26+	before history	0.47%
IBDU	iShares iBonds Dec 2029 Term Corporate ETF	Added	367,266	+59,694	$8,505,880	+18.9%	6	unpriced	0.46%
IBMS	iShares iBonds Dec 2030 Term Muni Bond ETF	Added	323,023	+53,879	$8,356,605	+20.2%	6	unpriced	0.46%
AMZN	Amazon Com Inc Consumer Cyclical	Added	34,578	+1,280	$8,241,320	+18.8%	26+	before history	0.45%
IBDV	iShares iBonds Dec 2030 Term Corporate ETF	Added	345,712	+63,956	$7,536,521	+22.2%	6	unpriced	0.41%
IBDS	iShares iBonds Dec 2027 Term Corporate ETF	Added	299,698	+40,489	$7,258,695	+15.5%	—	—	0.40%
MSFT	Microsoft Corp Technology	Added	19,159	+1,856	$7,146,690	+11.6%	26+	before history	0.39%
IBDT	iShares iBonds Dec 2028 Term Corporate ETF	Added	280,115	+47,557	$7,072,903	+20.1%	8	unpriced	0.39%
EEM	iShares MSCI Emerging Markets ETF	Added	95,835	+370	$6,556,072	+20.9%	26+	before history	0.36%
AFL	Aflac Inc Financial Services	Held	52,655	0	$6,173,798	+6.9%	26+	before history	0.34%
GOOGL	Alphabet Inc. Communication Services	Added	16,963	+1,114	$6,062,067	+33.0%	26+	before history	0.33%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	12,026	-525	$6,017,690	+0.1%	26+	before history	0.33%
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	Reduced	116,875	-1,794	$5,889,331	+8.7%	16	unpriced	0.32%
GRC	Gorman Rupp Co Industrials	Held	61,116	0	$5,606,781	+47.7%	26+	before history	0.31%
SPY	Spdr S&P 500 ETF Trust	Added	7,259	+9	$5,420,803	+15.0%	26+	before history	0.30%
IBDR	iShares iBonds Dec 2026 Term Corporate ETF	Added	222,321	+10,896	$5,386,838	+5.1%	—	—	0.29%
QQQ	Invesco Qqq Trust, Series 1	Added	6,843	+140	$5,039,185	+30.3%	25	$409.52	0.28%
		Reduced	69,427	-1,070	$4,825,176	+6.4%	26+	before history	0.26%

Showing the top 50 of 245 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.