FINANCIAL CONSULATE, INC

Registered adviser

CIK

1624510

Location

HUNT VALLEY, MD

Portfolio Value

Small $891,044,725

Diversification

Moderately concentrated

Filing Date

Global Rank

#2,709 / 8,818 ▼ 31 · as of Jun 2026

Top Industry

Consumer Electronics 18.7%

Period ended 28 days ago

Filed Oct 23, 2026 · 5d

27 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 106898

Roster of Oct 1, 2026

Regulatory AUM

$1,095,865,304

Main clients

Individuals and high net worth (99% 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
Feb 2026 to Oct 2026	$1,095,865,304	Individuals and high net worth (99%)
Apr 2025 to Jan 2026	$930,031,477	Individuals and high net worth (98%)
Apr 2024 to Mar 2025	$782,269,600	Individuals and high net worth (98%)
May 2023 to Mar 2024	$589,981,611	Individuals and high net worth (98%)
Apr 2023	$589,981,611	Individuals and high net worth (98%)
Mar 2022 to Mar 2023	$660,299,744	Individuals and high net worth (99%)

3 earlier changes not shown.

Portfolio style

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

Style

Concentrated

The top 10 positions are 85.6% of the book (60%+)

Turnover

Low turnover

9.2% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 12.6 quarters (12+), a floor since 26.1% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 81.3%; sector active share 72.1% 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

1,881 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

33.3%

+0.4 pts

Top 5

74.5%

−0.1 pts

Top 10

85.8%

+0.3 pts

HHI

1,680

Moderately concentrated+11

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	84.8%	$755,507,048	265
Technology	5.6%	$49,585,546	247
Financial Services	1.8%	$15,986,455	278
Healthcare	1.6%	$14,617,056	202
Industrials	1.6%	$14,607,902	216
Consumer Defensive	1.4%	$12,888,331	84
Consumer Cyclical	1.1%	$10,245,619	167
Communication Services	0.8%	$7,381,394	71
Energy	0.5%	$4,058,763	97
Utilities	0.3%	$2,617,482	54
Basic Materials	0.3%	$2,484,417	102
Real Estate	0.1%	$1,064,712	98

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
SCHF	Schwab International Equity ETF	+10,761	1,933,944	$53,125,441
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	+10,690	749,383	$36,884,631
SHV	iShares 0-1 Year Treasury Bond ETF	+5,618	353,376	$38,984,440
PULS	PGIM Ultra Short Bond ETF	+5,306	432,483	$21,390,609
SHY	iShares 1-3 Year Treasury Bond ETF	+4,924	333,525	$27,082,230
FNDE	Schwab Fundamental Emerging Markets Equity ETF	+2,891	476,682	$19,958,675
DFAT	Dimensional U.S. Targeted Value ETF	+1,326	45,387	$3,015,512
SLV	iShares Silver Trust	+860	3,087	$168,272
HLN	Haleon plc	+847	1,879	$16,911
INFY	Infosys Ltd	+765	2,093	$22,520
TAK	Takeda Pharmaceutical Co Ltd	+746	3,654	$66,466
CRWD	CrowdStrike Holdings, Inc.	+741	988	$261,573
COTY	Coty Inc.	+713	1,048	$2,735
NMR	Nomura Holdings Inc	+689	4,281	$41,868
SAN	Banco Santander, S.A.	+682	3,129	$43,274
ADX	Adams Diversified Equity Fund, Inc.	+649	8,457	$217,091
HDSN	Hudson Technologies Inc	+646	1,146	$5,901
APH	Amphenol Corp	+576	1,156	$97,450
TKC	Turkcell Iletisim Hizmetleri A S	+550	1,002	$4,949
MMM	3M Co	+549	917	$150,525
SONY	Sony Group Corp	+511	1,842	$43,342
MFG	Mizuho Financial Group Inc	+508	4,085	$45,139
VOD	Vodafone Group Public Ltd Co	+507	859	$13,872
TTD	Trade Desk, Inc.	+463	643	$7,825
F	Ford Motor Co	+436	4,663	$56,235
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
TXG	10x Genomics, Inc.	−59,117	67,239	$6,075,716
SCHX	Schwab U.S. Large-Cap ETF	−33,313	5,233,659	$157,009,770
DUHP	Dimensional US High Profitability ETF	−14,861	2,094,789	$87,792,606
MFDX	PIMCO Equity Series	−10,468	1,694,433	$70,150,881
SCHG	Schwab U.S. Large-Cap Growth ETF	−9,909	43,219	$1,552,858
MLCI	Mount Logan Capital Inc.	−9,313	156,132	$532,410
WIT	Wipro Ltd	−6,210	1,317	$2,173
TCAF	T. Rowe Price Capital Appreciation Equity ETF	−5,294	450,952	$19,061,741
NAD	Nuveen Quality Municipal Income Fund	−4,810	520	$5,262
FNDF	Schwab Fundamental International Equity ETF	−4,644	243,215	$13,072,806
SCHB	Schwab U.S. Broad Market ETF	−4,407	109,971	$3,223,250
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	−3,846	272,172	$17,639,467
DFAS	Dimensional U.S. Small Cap ETF	−3,648	429,447	$33,247,786
FNDB	Schwab Fundamental U.S. Broad Market ETF	−3,542	1,074,915	$32,903,148
NB	Niocorp Developments Ltd	−2,659	66	$237
CPRT	Copart Inc	−2,130	160	$4,364
FLQM	Franklin U.S. Mid Cap Multifactor Index ETF	−1,892	377,402	$21,677,970
DIHP	Dimensional International High Profitability ETF	−1,877	1,299,895	$43,793,462
HPE	Hewlett Packard Enterprise Co	−1,852	24,476	$1,563,771
DOCU	Docusign, Inc.	−1,667	12,115	$813,522
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	−1,443	15,049	$1,891,207
NIO	NIO Inc.	−1,442	736	$2,524
IBIT	iShares Bitcoin Trust ETF	−1,300	2,070	$97,993
CSAI	Cloudastructure, Inc.	−1,210	41	$113
CMG	Chipotle Mexican Grill Inc	−1,014	15	$479
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
SKHY	SK hynix Inc.	702	$129,273
VCRM	Vanguard Municipal Bond Funds	912	$65,271
CACI	Caci International Inc	71	$43,246
UEC	Uranium Energy Corp	3,741	$35,352
JGRO	JPMorgan Active Growth ETF	310	$29,939
JAVA	JPMorgan Active Value ETF	374	$29,815
WULF	Terawulf Inc.	2,000	$29,600
CDNA	CareDx, Inc.	303	$19,695
BSCV		1,177	$18,561
BSJU		554	$13,777
IBDS	iShares iBonds Dec 2027 Term Corporate ETF	550	$13,266
BSCR	Invesco BulletShares 2027 Corporate Bond ETF	673	$13,153
IBDV	iShares iBonds Dec 2030 Term Corporate ETF	608	$12,853
LNGX	Global X U.S. Natural Gas ETF	250	$10,280
WKC	World Kinect Corp	287	$10,090
MTW	Manitowoc Co Inc	443	$9,506
DC	Dakota Gold Corp.	1,521	$9,262
GDDY	GoDaddy Inc.	96	$9,168
HLI	Houlihan Lokey, Inc.	72	$9,096
NRIM	Northrim Bancorp Inc	372	$9,013
ETON	Eton Pharmaceuticals, Inc.	169	$8,701
SMMT	Summit Therapeutics Inc.	500	$8,455
MLR	Miller Industries Inc	160	$8,417
UMAC	Unusual Machines, Inc.	341	$8,347
ARX	Accelerant Holdings	422	$8,326
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
MUB	iShares National Muni Bond ETF	1,254	$134,955
IAG	Iamgold Corp	5,000	$79,200
LPL	LG Display Co., Ltd.	15,970	$62,123
PCOR	Procore Technologies, Inc.	1,327	$53,902
KNSL	Kinsale Capital Group, Inc.	149	$49,141
SPMB	State Street(R) SPDR(R) Portfolio Mortgage Backed Bond ETF	1,438	$32,081
SPTI	State Street(R) SPDR(R) Portfolio Intermediate Term Treasury ETF	1,110	$31,512
TLH	iShares 10-20 Year Treasury Bond ETF	246	$24,686
AB	Alliancebernstein Holding L.P.	566	$19,934
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	354	$17,838
IYF	iShares U.S. Financials ETF	114	$14,536
PPC	Pilgrims Pride Corp	420	$11,806
CGBL	Capital Group Core Balanced ETF	158	$5,997
CGGR	Capital Group Growth ETF	126	$5,947
STZ	Constellation Brands, Inc.	41	$5,702
INDA	iShares MSCI India ETF	103	$5,087
CASY	Caseys General Stores Inc	6	$4,768
FDVV	Fidelity High Dividend ETF	75	$4,521
JIRE	JPMorgan International Research Enhanced Equity ETF	45	$3,712
TDV	ProShares S&P Technology Dividend Aristocrats ETF	31	$3,222
LVHI	Franklin International Low Volatility High Dividend Index ETF	79	$3,206
QDEF	FlexShares Quality Dividend Defensive Index Fund	34	$2,958
FIS	Fidelity National Information Services, Inc.	76	$2,954
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	35	$2,726
UTHR	UNITED THERAPEUTICS Corp	5	$2,709
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,881 tracked positions · $891,044,725 total · filing declares 1,896 positions · $898,795,879 · as of Sep 30, 2026

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

Showing 1–50 of 1,881 positions by value · page 1 of 38

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SCHX	Schwab U.S. Large-Cap ETF	Reduced	5,233,659	-33,313	$157,009,770	+1.3%	17.62%
DUHP	Dimensional US High Profitability ETF	Reduced	2,094,789	-14,861	$87,792,606	−0.3%	9.85%
MFDX	PIMCO Equity Series	Reduced	1,694,433	-10,468	$70,150,881	−1.2%	7.87%
SCHF	Schwab International Equity ETF	Added	1,933,944	+10,761	$53,125,441	−0.3%	5.96%
DIHP	Dimensional International High Profitability ETF	Reduced	1,299,895	-1,877	$43,793,462	−1.4%	4.91%
SHV	iShares 0-1 Year Treasury Bond ETF	Added	353,376	+5,618	$38,984,440	+1.6%	4.38%
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	Added	749,383	+10,690	$36,884,631	−0.6%	4.14%
DFAS	Dimensional U.S. Small Cap ETF	Reduced	429,447	-3,648	$33,247,786	−6.8%	3.73%
FNDB	Schwab Fundamental U.S. Broad Market ETF	Reduced	1,074,915	-3,542	$32,903,148	+0.2%	3.69%
SHY	iShares 1-3 Year Treasury Bond ETF	Added	333,525	+4,924	$27,082,230	+0.4%	3.04%
AAPL	Apple Inc. Technology	Reduced	75,807	-210	$25,245,247	+14.8%	2.83%
FLQM	Franklin U.S. Mid Cap Multifactor Index ETF	Reduced	377,402	-1,892	$21,677,970	−1.3%	2.43%
PULS	PGIM Ultra Short Bond ETF	Added	432,483	+5,306	$21,390,609	+1.1%	2.40%
FNDE	Schwab Fundamental Emerging Markets Equity ETF	Added	476,682	+2,891	$19,958,675	+6.2%	2.24%
TCAF	T. Rowe Price Capital Appreciation Equity ETF	Reduced	450,952	-5,294	$19,061,741	+1.7%	2.14%
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	Reduced	272,172	-3,846	$17,639,467	−4.9%	1.98%
SCHD	Schwab U.S. Dividend Equity ETF	Added	427,048	+220	$13,891,871	+2.6%	1.56%
FNDF	Schwab Fundamental International Equity ETF	Reduced	243,215	-4,644	$13,072,806	−0.0%	1.47%
GMF	State Street(R) SPDR(R) S&P(R) Emerging Asia Pacific ETF	Reduced	66,602	-578	$10,400,568	−1.4%	1.17%
MKC	Mccormick & Co Inc Consumer Defensive	Reduced	179,810	-226	$8,343,184	−8.1%	0.94%
NVDA	Nvidia Corp Technology	Reduced	28,576	-283	$6,526,186	+13.0%	0.73%
TXG	10x Genomics, Inc. Healthcare	Reduced	67,239	-59,117	$6,075,716	+25.4%	0.68%
VOO	VANGUARD 500 INDEX FUND	Reduced	6,200	-194	$4,345,332	−1.1%	0.49%
MSFT	Microsoft Corp Technology	Reduced	8,012	-8	$4,109,354	+37.4%	0.46%
PATK	Patrick Industries Inc Consumer Cyclical	Added	52,648	+3	$3,568,481	−24.5%	0.40%
SCHB	Schwab U.S. Broad Market ETF	Reduced	109,971	-4,407	$3,223,250	−2.7%	0.36%
DFAT	Dimensional U.S. Targeted Value ETF	Added	45,387	+1,326	$3,015,512	−2.1%	0.34%
IVV	iShares Core S&P 500 ETF	Reduced	3,807	-125	$2,915,590	−1.0%	0.33%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	11,304	-109	$2,816,391	+3.5%	0.32%
PNC	Pnc Financial Services Group, Inc. Financial Services	Added	12,369	+1	$2,749,133	−9.7%	0.31%
GOOG	Alphabet Inc. Communication Services	Added	7,799	+47	$2,657,431	−3.0%	0.30%
SPGM	State Street(R) SPDR(R) Portfolio MSCI Global Stock Market ETF	Reduced	25,308	-664	$2,189,142	−1.6%	0.25%
GOOGL	Alphabet Inc. Communication Services	Reduced	6,269	-990	$2,157,037	−16.8%	0.24%
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	Reduced	15,049	-1,443	$1,891,207	−4.1%	0.21%
CAT	Caterpillar Inc Industrials	Reduced	2,288	-47	$1,855,087	−25.4%	0.21%
LMT	Lockheed Martin Corp Industrials	Reduced	3,277	-85	$1,668,812	−2.6%	0.19%
HPE	Hewlett Packard Enterprise Co Technology	Reduced	24,476	-1,852	$1,563,771	+31.7%	0.18%
SCHG	Schwab U.S. Large-Cap Growth ETF	Reduced	43,219	-9,909	$1,552,858	−13.6%	0.17%
LLY	ELI LILLY & Co Healthcare	Added	1,249	+17	$1,445,192	−2.2%	0.16%
RTX	RTX Corp Industrials	Added	7,391	+52	$1,372,139	−1.5%	0.15%
JPM	Jpmorgan Chase & Co Financial Services	Added	4,068	+5	$1,345,816	+1.2%	0.15%
XOM	ExxonMobil Holdings Corp Energy	Added	7,809	+104	$1,270,914	+20.6%	0.14%
ITOT	iShares Core S&P Total U.S. Stock Market ETF	Held	7,290	0	$1,212,181	+1.2%	0.14%
MA	Mastercard Inc Financial Services	Reduced	2,172	-77	$1,197,792	+3.7%	0.13%
CWI	Spdr Index Shares Funds	Reduced	29,577	-80	$1,195,206	−0.9%	0.13%
MRK	Merck & Co., Inc. Healthcare	Added	7,974	+375	$1,158,701	+18.7%	0.13%
COST	Costco Wholesale Corp Consumer Defensive	Added	1,258	+20	$1,145,207	−1.1%	0.13%
MU	Micron Technology Inc Technology	Added	1,072	+27	$1,141,797	−5.3%	0.13%
SCHW	Schwab Charles Corp Financial Services	Added	11,018	+24	$1,076,899	+6.2%	0.12%
FAST	Fastenal Co Industrials	Reduced	20,540	-11	$1,017,346	+3.1%	0.11%

Showing the top 50 of 1,881 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.