Kelman-Lazarov, Inc.

CIK

1672067

Location

MEMPHIS, TN

Portfolio Value

Micro $51,083,233

Diversification

Diversified

Filing Date

Global Rank

#6,793 / 8,603 ▲ 52 · as of Mar 2026

Top Industry

Insurance - Diversified 35.9%

3Y Alpha vs SPY

-5.1%

Period ended 3 months ago

Filed Apr 27, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+55.1%

SPY

+76.5%

Annualised alpha

-5.1%

Max drawdown

−12.1%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

42 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

30.1%

+0.1 pts

Top 5

55.7%

−0.6 pts

Top 10

70.5%

−1.3 pts

HHI

1,162

Diversified−1

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	36.3%	$18,546,430	5
Unclassified	16.0%	$8,197,332	4
Technology	13.6%	$6,922,085	7
Communication Services	10.9%	$5,565,707	4
Consumer Cyclical	7.7%	$3,912,117	8
Consumer Defensive	7.3%	$3,750,688	5
Healthcare	4.0%	$2,038,488	5
Industrials	3.3%	$1,684,435	2
Energy	0.5%	$239,316	1
Utilities	0.4%	$226,635	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

20 positions

Ticker	Company	Δ Shares	Shares	Value
CGC	Canopy Growth Corp	+1,000	11,000	$10,439
NVDA	Nvidia Corp	+948	5,283	$921,355
QQQ	Invesco Qqq Trust, Series 1	+791	1,879	$1,084,521
WMT	Walmart Inc.	+573	12,877	$1,600,353
NFLX	Netflix Inc	+494	11,657	$1,120,820
JNJ	Johnson & Johnson	+381	3,664	$895,628
PG	PROCTER & GAMBLE Co	+242	5,919	$854,940
GOOGL	Alphabet Inc.	+230	13,518	$3,887,236
DIA	Spdr Dow Jones Industrial Average ETF Trust	+215	2,992	$1,385,864
JPM	Jpmorgan Chase & Co	+187	1,431	$420,942
ORCL	Oracle Corp	+138	1,475	$216,987
MU	Micron Technology Inc	+109	848	$286,488
TSLA	Tesla, Inc.	+84	2,019	$750,563
HD	Home Depot, Inc.	+77	1,231	$404,863
META	Meta Platforms, Inc.	+69	408	$233,429
PM	Philip Morris International Inc.	+41	2,942	$486,430
AMZN	Amazon Com Inc	+19	3,569	$743,315
AMGN	Amgen Inc	+18	1,239	$435,942
LOW	Lowes Companies Inc	+3	1,210	$285,898
AZO	Autozone Inc	+2	74	$249,955
No positions match the current search.

Trimmed

Positions the filer reduced

15 positions

Ticker	Company	Δ Shares	Shares	Value
MSFT	Microsoft Corp	−819	4,239	$1,569,150
AVGO	Broadcom Inc.	−670	1,231	$381,006
FDX	Fedex Corp	−466	3,116	$894,324
YUM	Yum Brands Inc	−294	5,906	$918,264
PEP	Pepsico Inc	−151	3,201	$497,083
BRK-B	Berkshire Hathaway Inc	−134	32,124	$15,393,820
DIS	Walt Disney Co	−134	3,364	$324,222
AXP	American Express Co	−93	1,657	$501,209
NSC	Norfolk Southern Corp	−76	2,753	$790,111
SPY	Spdr S&P 500 ETF Trust	−75	5,924	$3,852,614
QCOM	Qualcomm Inc/De	−71	1,820	$234,379
MRK	Merck & Co., Inc.	−65	3,542	$426,067
MDY	Spdr S&P Midcap 400 ETF Trust	−51	3,039	$1,874,333
AAPL	Apple Inc.	−39	13,053	$3,312,720
MA	Mastercard Inc	−8	4,038	$2,017,627
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
COST	Costco Wholesale Corp /New	313	$311,882
LLY	ELI LILLY & Co	294	$270,412
COP	Conocophillips	1,813	$239,316
PCG	PG&E Corp	12,899	$226,635
TJX	Tjx Companies Inc /De/	1,366	$218,150
CB	Chubb Ltd	653	$212,832
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
SRCE	1St Source Corp	23,406	$1,462,640
UNH	Unitedhealth Group Inc	883	$291,487
ABBV	AbbVie Inc.	1,238	$282,870
MMM	3M Co	1,374	$219,977
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

42 positions · $51,083,233 total · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	32,124	-134	$15,393,820	−5.1%	30.13%
GOOGL	Alphabet Inc. Communication Services	Added	13,518	+230	$3,887,236	−6.5%	7.61%
SPY	Spdr S&P 500 ETF Trust	Reduced	5,924	-75	$3,852,614	−5.8%	7.54%
AAPL	Apple Inc. Technology	Reduced	13,053	-39	$3,312,720	−6.9%	6.48%
MA	Mastercard Inc Financial Services	Reduced	4,038	-8	$2,017,627	−12.6%	3.95%
MDY	Spdr S&P Midcap 400 ETF Trust	Reduced	3,039	-51	$1,874,333	+0.5%	3.67%
WMT	Walmart Inc. Consumer Defensive	Added	12,877	+573	$1,600,353	+16.7%	3.13%
MSFT	Microsoft Corp Technology	Reduced	4,239	-819	$1,569,150	−35.9%	3.07%
DIA	Spdr Dow Jones Industrial Average ETF Trust	Added	2,992	+215	$1,385,864	+3.8%	2.71%
NFLX	Netflix Inc Communication Services	Added	11,657	+494	$1,120,820	+7.1%	2.19%
QQQ	Invesco Qqq Trust, Series 1	Added	1,879	+791	$1,084,521	+62.3%	2.12%
NVDA	Nvidia Corp Technology	Added	5,283	+948	$921,355	+14.0%	1.80%
YUM	Yum Brands Inc Consumer Cyclical	Reduced	5,906	-294	$918,264	−2.1%	1.80%
JNJ	Johnson & Johnson Healthcare	Added	3,664	+381	$895,628	+31.8%	1.75%
FDX	Fedex Corp Industrials	Reduced	3,116	-466	$894,324	+7.3%	1.75%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	5,919	+242	$854,940	+5.1%	1.67%
NSC	Norfolk Southern Corp Industrials	Reduced	2,753	-76	$790,111	−3.3%	1.55%
TSLA	Tesla, Inc. Consumer Cyclical	Added	2,019	+84	$750,563	−13.7%	1.47%
AMZN	Amazon Com Inc Consumer Cyclical	Added	3,569	+19	$743,315	−9.3%	1.46%
AXP	American Express Co Financial Services	Reduced	1,657	-93	$501,209	−22.6%	0.98%
PEP	Pepsico Inc Consumer Defensive	Reduced	3,201	-151	$497,083	+3.3%	0.97%
PM	Philip Morris International Inc. Consumer Defensive	Added	2,942	+41	$486,430	+4.5%	0.95%
AMGN	Amgen Inc Healthcare	Added	1,239	+18	$435,942	+9.1%	0.85%
MRK	Merck & Co., Inc. Healthcare	Reduced	3,542	-65	$426,067	+12.2%	0.83%
JPM	Jpmorgan Chase & Co Financial Services	Added	1,431	+187	$420,942	+5.0%	0.82%
HD	Home Depot, Inc. Consumer Cyclical	Added	1,231	+77	$404,863	+2.0%	0.79%
AVGO	Broadcom Inc. Technology	Reduced	1,231	-670	$381,006	−42.1%	0.75%
TSCO	Tractor Supply Co /De/ Consumer Cyclical	Held	7,530	0	$341,109	−9.4%	0.67%
DIS	Walt Disney Co Communication Services	Reduced	3,364	-134	$324,222	−18.5%	0.63%
COST	Costco Wholesale Corp /New Consumer Defensive	NEW	313	NEW	$311,882	NEW	0.61%
MU	Micron Technology Inc Technology	Added	848	+109	$286,488	+35.8%	0.56%
LOW	Lowes Companies Inc Consumer Cyclical	Added	1,210	+3	$285,898	−1.8%	0.56%
LLY	ELI LILLY & Co Healthcare	NEW	294	NEW	$270,412	NEW	0.53%
AZO	Autozone Inc Consumer Cyclical	Added	74	+2	$249,955	+2.4%	0.49%
COP	Conocophillips Energy	NEW	1,813	NEW	$239,316	NEW	0.47%
QCOM	Qualcomm Inc/De Technology	Reduced	1,820	-71	$234,379	−27.5%	0.46%
META	Meta Platforms, Inc. Communication Services	Added	408	+69	$233,429	+4.3%	0.46%
PCG	PG&E Corp Utilities	NEW	12,899	NEW	$226,635	NEW	0.44%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	NEW	1,366	NEW	$218,150	NEW	0.43%
ORCL	Oracle Corp Technology	Added	1,475	+138	$216,987	−16.7%	0.42%
CB	Chubb Ltd Financial Services	NEW	653	NEW	$212,832	NEW	0.42%
CGC	Canopy Growth Corp Healthcare	Added	11,000	+1,000	$10,439	−8.4%	0.02%