Kelman-Lazarov, Inc.

Registered adviser

CIK

1672067

Location

MEMPHIS, TN

Portfolio Value

Small $763,261,650

Diversification

Diversified

Filing Date

Global Rank

#2,870 / 8,807 ▲ 118

Top Industry

Insurance - Diversified 30.8%

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 107727

Roster of Oct 1, 2026

Regulatory AUM

$894,604,455

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
Apr 2026 to Oct 2026	$894,604,455	Individuals and high net worth (99%)
Apr 2025 to Mar 2026	$705,429,123	Individuals and high net worth (99%)
Apr 2024 to Mar 2025	$646,843,637	Individuals and high net worth (99%)
May 2023 to Mar 2024	$540,767,234	Individuals and high net worth (99%)
Apr 2023	$540,767,234	Individuals and high net worth (99%)
Apr 2022 to Mar 2023	$621,404,627	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, never from the firm's own description.

Style

Concentrated

The top 10 positions are 88.1% of the book (60%+)

Turnover

Low turnover

8.4% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 19.6 quarters (12+), a floor since 56.5% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 89.5%; sector active share 83.2% 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.

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Portfolio Concentration

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

Top Position

30.4%

−5.8 pts

Top 5

68.3%

−3.0 pts

Top 10

88.1%

−0.6 pts

HHI

1,439

Diversified−264

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	92.6%	$706,468,967	100
Financial Services	3.3%	$25,344,741	9
Technology	1.2%	$9,501,686	11
Communication Services	1.0%	$7,671,588	5
Consumer Cyclical	0.6%	$4,422,167	8
Consumer Defensive	0.4%	$3,377,584	5
Industrials	0.4%	$3,244,666	7
Healthcare	0.3%	$2,623,100	7
Energy	0.0%	$350,276	1
Utilities	0.0%	$256,875	1

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
VUG	VANGUARD GROWTH INDEX FUND	+85,447	102,406	$8,821,252
SCHG	Schwab U.S. Large-Cap Growth ETF	+11,273	1,882,199	$63,693,614
SMMU	PIMCO Short Term Municipal Bond Active Exchange-Traded Fund	+11,223	172,326	$8,702,463
VO	VANGUARD MID-CAP INDEX FUND	+9,923	13,227	$1,065,699
VCRM	Vanguard Municipal Bond Funds	+9,799	55,199	$4,217,203
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	+9,263	276,323	$21,528,324
STIP	iShares 0-5 Year TIPS Bond ETF	+9,224	320,695	$32,762,201
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	+9,171	430,413	$37,824,694
IWF	iShares Russell 1000 Growth ETF	+7,080	9,440	$1,172,164
GBIL	Goldman Sachs ETF Trust	+6,033	9,322	$933,691
BOND	PIMCO Active Bond Exchange-Traded Fund	+3,794	266,083	$24,535,513
MBB	iShares MBS ETF	+3,625	253,580	$23,968,381
PCG	PG&E Corp	+2,373	15,272	$256,875
MOAT	VanEck Morningstar Wide Moat ETF	+1,795	562,820	$58,510,767
MUNI	PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund	+1,712	91,059	$4,789,703
AVUS	Avantis U.S. Equity ETF	+1,617	10,860	$1,390,948
AMZN	Amazon Com Inc	+1,241	4,810	$1,146,415
STPZ	PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund	+1,044	131,408	$7,009,302
SPAB	State Street(R) SPDR(R) Portfolio Aggregate Bond ETF	+982	52,423	$1,337,834
SCHZ	Schwab U.S. Aggregate Bond ETF	+782	21,885	$506,200
NUBD	Nuveen ESG U.S. Aggregate Bond ETF	+758	31,920	$706,549
TSCO	Tractor Supply Co /De/	+697	8,227	$260,055
AAPL	Apple Inc.	+590	13,643	$3,947,738
NVDA	Nvidia Corp	+547	5,830	$1,166,524
VOO	VANGUARD 500 INDEX FUND	+456	3,288	$2,258,231
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
FNDE	Schwab Fundamental Emerging Markets Equity ETF	−24,845	569,914	$22,614,187
FNDX	Schwab Fundamental U.S. Large Company ETF	−20,986	2,350,202	$73,091,282
SCHX	Schwab U.S. Large-Cap ETF	−9,164	1,022,937	$30,105,035
PYLD		−8,183	489,951	$12,993,500
FNDC	Schwab Fundamental International Small Equity ETF	−7,521	489,415	$23,765,992
GSLC	Goldman Sachs ActiveBeta(R) U.S. Large Cap Equity ETF	−7,464	198,590	$28,177,935
SCHF	Schwab International Equity ETF	−6,804	368,873	$10,217,782
AVEM	Avantis Emerging Markets Equity ETF	−5,915	61,225	$5,907,600
GSIE	Goldman Sachs ActiveBeta(R) International Equity ETF	−4,117	449,338	$20,534,746
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	−3,406	79,932	$4,042,960
PTRB	PGIM Total Return Bond ETF	−2,865	75,617	$3,135,080
SCHA	Schwab U.S. Small-Cap ETF	−2,252	62,142	$2,245,190
—		−2,214	23,468	$1,037,989
AVDE	Avantis International Equity ETF	−2,173	352,258	$31,421,413
IJR	iShares Core S&P Small-Cap ETF	−1,895	210,298	$31,189,296
IJH	iShares Core S&P Mid-Cap ETF	−1,809	279,751	$21,571,599
MSFT	Microsoft Corp	−1,741	2,498	$931,803
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	−1,405	4,867	$252,013
ESGD	iShares ESG Aware MSCI EAFE ETF	−1,240	2,680	$275,530
NFLX	Netflix Inc	−847	10,810	$771,834
IWR	iShares Russell Mid-Cap ETF	−644	6,639	$732,414
PM	Philip Morris International Inc.	−602	2,340	$423,329
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	−526	14,306	$1,130,603
AVDS	Avantis International Small Cap Equity ETF	−524	48,834	$3,675,246
NULV	Nuveen ESG Large-Cap Value ETF	−484	6,637	$331,783
No positions match the current search.

New Positions

Positions the filer opened this quarter

16 positions

Ticker	Company	Shares	Value
AMD	Advanced Micro Devices Inc	943	$547,798
FDXF	FedEx Freight Holding Company, Inc.	2,814	$424,914
INTC	Intel Corp	2,100	$293,223
FIX	Comfort Systems USA Inc	141	$279,454
UNH	Unitedhealth Group Inc	669	$278,056
GEV	GE Vernova Inc.	214	$251,420
WDC	Western Digital Corp	375	$239,520
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	1,250	$238,150
GE	General Electric Co	632	$236,197
SNDK	Sandisk Corp	99	$225,099
BLK	BlackRock, Inc.	220	$211,543
VHT	VANGUARD HEALTH CARE INDEX FUND	690	$206,316
MOH	Molina Healthcare, Inc.	902	$206,287
MMM	3M Co	1,258	$203,682
V	Visa Inc.	587	$201,393
MGV	VANGUARD MEGA CAP VALUE INDEX FUND	1,224	$200,062
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
COP	Conocophillips	1,813	$239,316
FDL	First Trust Morningstar Dividend Leaders Index Fund	4,275	$217,170
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

154 tracked positions · $763,261,650 total · filing declares 154 positions · $763,261,680 · as of Jun 30, 2026

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

Showing 1–50 of 154 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
FNDX	Schwab Fundamental U.S. Large Company ETF	Reduced	2,350,202	-20,986	$73,091,282	+10.7%	26+	—	9.58%
SCHG	Schwab U.S. Large-Cap Growth ETF	Added	1,882,199	+11,273	$63,693,614	+16.9%	26+	—	8.34%
MOAT	VanEck Morningstar Wide Moat ETF	Added	562,820	+1,795	$58,510,767	+7.9%	26+	—	7.67%
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	Added	430,413	+9,171	$37,824,694	+17.3%	6	—	4.96%
STIP	iShares 0-5 Year TIPS Bond ETF	Added	320,695	+9,224	$32,762,201	—	16	—	4.29%
AVDE	Avantis International Equity ETF	Reduced	352,258	-2,173	$31,421,413	+4.5%	15	—	4.12%
IJR	iShares Core S&P Small-Cap ETF	Reduced	210,298	-1,895	$31,189,296	—	26+	—	4.09%
SCHX	Schwab U.S. Large-Cap ETF	Reduced	1,022,937	-9,164	$30,105,035	+13.8%	6	—	3.94%
GSLC	Goldman Sachs ActiveBeta(R) U.S. Large Cap Equity ETF	Reduced	198,590	-7,464	$28,177,935	+9.3%	26+	—	3.69%
BOND	PIMCO Active Bond Exchange-Traded Fund	Added	266,083	+3,794	$24,535,513	+1.4%	12	—	3.21%
MBB	iShares MBS ETF	Added	253,580	+3,625	$23,968,381	—	12	—	3.14%
FNDC	Schwab Fundamental International Small Equity ETF	Reduced	489,415	-7,521	$23,765,992	+3.2%	26+	—	3.11%
FNDE	Schwab Fundamental Emerging Markets Equity ETF	Reduced	569,914	-24,845	$22,614,187	−0.6%	26+	—	2.96%
IJH	iShares Core S&P Mid-Cap ETF	Reduced	279,751	-1,809	$21,571,599	—	26+	—	2.83%
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	Added	276,323	+9,263	$21,528,324	+2.8%	17	—	2.82%
GSIE	Goldman Sachs ActiveBeta(R) International Equity ETF	Reduced	449,338	-4,117	$20,534,746	+5.0%	26+	—	2.69%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	31,986	-138	$16,005,474	+4.0%	26+	—	2.10%
		Added	380,893	+320	$15,852,766	+15.1%	10	—	2.08%
PYLD		Reduced	489,951	-8,183	$12,993,500	−0.4%	11	—	1.70%
SCHF	Schwab International Equity ETF	Reduced	368,873	-6,804	$10,217,782	+9.9%	26+	—	1.34%
VUG	VANGUARD GROWTH INDEX FUND	Added	102,406	+85,447	$8,821,252	+614.5%	26+	—	1.16%
SMMU	PIMCO Short Term Municipal Bond Active Exchange-Traded Fund	Added	172,326	+11,223	$8,702,463	+7.1%	14	—	1.14%
STPZ	PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund	Added	131,408	+1,044	$7,009,302	−0.6%	15	—	0.92%
AVEM	Avantis Emerging Markets Equity ETF	Reduced	61,225	-5,915	$5,907,600	+9.2%	15	—	0.77%
GOOGL	Alphabet Inc. Communication Services	Reduced	13,416	-102	$4,794,475	+23.3%	26+	—	0.63%
MUNI	PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund	Added	91,059	+1,712	$4,789,703	+2.7%	15	—	0.63%
SPY	Spdr S&P 500 ETF Trust	Reduced	5,917	-7	$4,418,638	+14.7%	26+	—	0.58%
VCRM	Vanguard Municipal Bond Funds	Added	55,199	+9,799	$4,217,203	+23.6%	5	—	0.55%
RWL	Invesco Ltd. Financial Services	Reduced	32,495	-23	$4,151,561	+11.1%	26+	—	0.54%
VV	VANGUARD LARGE-CAP INDEX FUND	Added	11,986	+160	$4,122,105	+16.6%	5	—	0.54%
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	Reduced	79,932	-3,406	$4,042,960	−2.8%	17	—	0.53%
AAPL	Apple Inc. Technology	Added	13,643	+590	$3,947,738	+19.2%	26+	—	0.52%
AVDS	Avantis International Small Cap Equity ETF	Reduced	48,834	-524	$3,675,246	+3.6%	8	—	0.48%
VTV	VANGUARD VALUE INDEX FUND	Reduced	15,531	-246	$3,384,670	+9.3%	26+	—	0.44%
PTRB	PGIM Total Return Bond ETF	Reduced	75,617	-2,865	$3,135,080	−3.8%	11	—	0.41%
BIV	Vanguard Bond Index Funds	Reduced	38,005	-350	$2,914,983	−1.5%	17	—	0.38%
FNDA	Schwab Strategic Trust	Reduced	67,948	-271	$2,586,100	+16.9%	26+	—	0.34%
VOO	VANGUARD 500 INDEX FUND	Added	3,288	+456	$2,258,231	+33.4%	11	—	0.30%
SCHA	Schwab U.S. Small-Cap ETF	Reduced	62,142	-2,252	$2,245,190	+19.9%	14	—	0.29%
MDY	Spdr S&P Midcap 400 ETF Trust	Reduced	3,014	-25	$2,119,866	+13.1%	26+	—	0.28%
MA	Mastercard Inc Financial Services	Reduced	3,926	-112	$2,016,393	−0.1%	26+	—	0.26%
SPMD	State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF	Reduced	28,083	-42	$1,897,287	+13.9%	15	—	0.25%
IVV	iShares Core S&P 500 ETF	Reduced	2,517	-186	$1,884,956	—	17	—	0.25%
AVSU	Avantis Responsible U.S. Equity ETF	Added	21,187	+128	$1,875,473	+20.5%	11	—	0.25%
SCHM	Schwab U.S. Mid-Cap ETF	Reduced	50,028	-210	$1,844,532	+18.6%	23	—	0.24%
VIG	Vanguard Specialized Funds	Reduced	7,521	-101	$1,779,619	+8.6%	26+	—	0.23%
IYY	iShares Dow Jones U.S. ETF	Reduced	8,838	-12	$1,610,990	—	26+	—	0.21%
DIA	Spdr Dow Jones Industrial Average ETF Trust	Added	2,999	+7	$1,566,647	+13.0%	26+	—	0.21%
GOOG	Alphabet Inc. Communication Services	Added	4,316	+204	$1,524,972	+29.3%	26+	—	0.20%
BRK-A	Berkshire Hathaway Inc Financial Services	Held	2	0	$1,497,700	+4.3%	26+	—	0.20%

Showing the top 50 of 154 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.