Lutz Financial Services LLC

Registered adviser

CIK

1737112

Location

OMAHA, NE

Portfolio Value

Mid $1,624,448,267

Diversification

Moderately concentrated

Filing Date

Global Rank

#1,838 / 8,827 ▼ 60 · as of Jun 2026

Top Industry

Semiconductors 30.5%

Period ended 38 days ago

Filed Nov 6, 2026 · 1d

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, Nov 1, 2026

Form ADV adviser

CRD 117273

Roster of Nov 1, 2026

Regulatory AUM

$3,187,194,167

Main clients

Individuals and high net worth (73% 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 Nov 2026	$3,187,194,167	Individuals and high net worth (73%)
Apr 2025 to Mar 2026	$2,610,146,179	Individuals and high net worth (74%)
Mar 2024 to Mar 2025	$2,279,041,520	Individuals and high net worth (77%)
May 2023 to Feb 2024	$1,731,482,313	Individuals and high net worth (78%)
Apr 2023	$1,731,482,313	Individuals and high net worth (78%)
Apr 2022 to Mar 2023	$1,818,535,232	Individuals and high net worth (77%)

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 95.4% of the book (60%+)

Turnover

Low turnover

1.8% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 23.4 quarters (12+), a floor since 75.8% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 90.2%; sector active share 86.3% 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

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

Top Position

28.9%

+1.6 pts

Top 5

75.4%

+2.4 pts

Top 10

95.5%

+0.1 pts

HHI

1,519

Moderately concentrated+94

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	99.2%	$1,611,003,097	88
Technology	0.5%	$7,832,906	7
Financial Services	0.1%	$2,247,657	4
Communication Services	0.1%	$1,665,871	3
Consumer Cyclical	0.1%	$886,974	1
Healthcare	0.0%	$589,166	2
Consumer Defensive	0.0%	$222,596	1

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
MUB	iShares National Muni Bond ETF	+338,006	695,367	$70,301,603
VMBS	VANGUARD MORTGAGE-BACKED SECURITIES INDEX FUND	+208,148	247,905	$11,009,461
AGG	iShares Core U.S. Aggregate Bond ETF	+106,388	315,346	$29,812,810
TIP	iShares TIPS Bond ETF	+67,624	197,189	$20,515,543
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	+62,391	2,559,227	$156,445,546
SUB	iShares Short-Term National Muni Bond ETF	+47,201	102,432	$10,708,241
DFIC	Dimensional International Core Equity 2 ETF	+46,748	880,042	$33,098,379
SPMD	State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF	+45,481	54,745	$3,451,124
DFAS	Dimensional U.S. Small Cap ETF	+37,557	275,883	$21,358,861
DUHP	Dimensional US High Profitability ETF	+30,291	639,366	$26,795,829
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	+26,243	504,858	$25,863,875
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	+24,795	926,618	$71,581,240
MDYV	State Street(R) SPDR(R) S & P 400(TM) Mid Cap Value ETF	+21,007	850,593	$75,285,986
AVUV	Avantis U.S. Small Cap Value ETF	+20,759	143,720	$16,925,904
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	+16,540	270,906	$10,760,386
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	+15,402	88,003	$4,331,507
SCHM	Schwab U.S. Mid-Cap ETF	+13,986	686,350	$23,349,627
VOO	VANGUARD 500 INDEX FUND	+6,331	262,630	$184,066,861
DFAC	Dimensional U.S. Core Equity 2 ETF	+3,389	931,711	$41,414,553
VOE	VANGUARD MID-CAP VALUE INDEX FUND	+2,592	91,488	$17,888,648
STIP	iShares 0-5 Year TIPS Bond ETF	+2,392	93,913	$9,363,126
DFLV	Dimensional US Large Cap Value ETF	+993	6,965	$279,784
ISTB	iShares Core 1-5 Year USD Bond ETF	+765	96,994	$4,582,966
AVDE	Avantis International Equity ETF	+539	145,400	$13,101,994
NVDA	Nvidia Corp	+340	11,461	$2,617,463
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	−733,124	930,792	$44,082,309
SCHP	Schwab U.S. TIPS ETF	−190,299	2,254,715	$56,660,987
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	−100,699	1,377,763	$96,650,074
MBB	iShares MBS ETF	−80,721	577,313	$51,738,791
IJH	iShares Core S&P Mid-Cap ETF	−18,214	1,597,177	$114,916,885
SCHX	Schwab U.S. Large-Cap ETF	−18,066	884,088	$26,522,640
SCHA	Schwab U.S. Small-Cap ETF	−5,218	385,255	$12,570,870
FNDF	Schwab Fundamental International Equity ETF	−4,281	27,205	$1,462,268
IJR	iShares Core S&P Small-Cap ETF	−3,248	191,560	$26,059,822
DFAT	Dimensional U.S. Targeted Value ETF	−1,787	146,665	$9,744,422
SLYV	State Street(R) SPDR(R) S & P 600(TM) Small Cap Value ETF	−1,774	134,497	$13,738,868
DFUV	Dimensional U.S. Marketwide Value ETF	−1,308	146,970	$8,083,350
IEMG	iShares Trust	−1,158	87,151	$0
IVOV	VANGUARD S&P MID-CAP 400 VALUE INDEX FUND	−1,021	113,013	$12,078,829
VOOV	VANGUARD S&P 500 VALUE INDEX FUND	−746	70,988	$15,641,495
IJJ	iShares S&P Mid-Cap 400 Value ETF	−600	117,738	$16,213,699
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	−523	77,371	$4,588,874
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	−485	2,613	$412,462
DFSD	Dimensional Short-Duration Fixed Income ETF	−445	17,808	$827,573
SCHG	Schwab U.S. Large-Cap Growth ETF	−432	18,917	$679,687
IUSV	iShares Core S&P U.S. Value ETF	−431	109,814	$12,110,287
SPY	Spdr S&P 500 ETF Trust	−426	65,441	$49,907,269
IVE	iShares S&P 500 Value ETF	−423	103,889	$23,715,780
QUAL	iShares MSCI USA Quality Factor ETF	−308	80,337	$17,854,094
GOOG	Alphabet Inc.	−295	1,399	$476,695
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
JNJ	Johnson & Johnson	805	$213,115
EFV	iShares MSCI EAFE Value ETF	2,591	$205,051
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
DFCF	Dimensional Core Fixed Income ETF	10,574	$446,328
WDC	Western Digital Corp	382	$243,991
TSLA	Tesla, Inc.	564	$237,218
LRCX	Lam Research Corp	544	$235,731
CAT	Caterpillar Inc	208	$221,499
AMAT	Applied Materials Inc	301	$217,623
SNDK	Sandisk Corp	95	$216,004
IVOO	VANGUARD S&P MID-CAP 400 INDEX FUND	1,638	$213,595
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

106 tracked positions · $1,624,448,267 total · filing declares 106 positions · $1,632,547,639 · as of Sep 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Technology

Showing 1–50 of 106 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
VOO	VANGUARD 500 INDEX FUND	Added	262,630	+6,331	$184,066,861	+4.6%	11.33%
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	Added	2,559,227	+62,391	$156,445,546	+3.1%	9.63%
IJH	iShares Core S&P Mid-Cap ETF	Reduced	1,597,177	-18,214	$114,916,885	−7.7%	7.07%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Reduced	1,377,763	-100,699	$96,650,074	−10.9%	5.95%
MDYV	State Street(R) SPDR(R) S & P 400(TM) Mid Cap Value ETF	Added	850,593	+21,007	$75,285,986	−4.3%	4.63%
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	Added	926,618	+24,795	$71,581,240	+0.4%	4.41%
MUB	iShares National Muni Bond ETF	Added	695,367	+338,006	$70,301,603	+82.8%	4.33%
SCHP	Schwab U.S. TIPS ETF	Reduced	2,254,715	-190,299	$56,660,987	−12.6%	3.49%
MBB	iShares MBS ETF	Reduced	577,313	-80,721	$51,738,791	−16.8%	3.19%
SPY	Spdr S&P 500 ETF Trust	Reduced	65,441	-426	$49,907,269	+1.5%	3.07%
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	Reduced	930,792	-733,124	$44,082,309	−47.6%	2.71%
DFAC	Dimensional U.S. Core Equity 2 ETF	Added	931,711	+3,389	$41,414,553	+0.6%	2.55%
DFIC	Dimensional International Core Equity 2 ETF	Added	880,042	+46,748	$33,098,379	+6.6%	2.04%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	315,346	+106,388	$29,812,810	+44.1%	1.84%
DUHP	Dimensional US High Profitability ETF	Added	639,366	+30,291	$26,795,829	+5.4%	1.65%
SCHX	Schwab U.S. Large-Cap ETF	Reduced	884,088	-18,066	$26,522,640	−0.1%	1.63%
IJR	iShares Core S&P Small-Cap ETF	Reduced	191,560	-3,248	$26,059,822	−9.8%	1.60%
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	Added	504,858	+26,243	$25,863,875	+3.1%	1.59%
IVE	iShares S&P 500 Value ETF	Reduced	103,889	-423	$23,715,780	+0.1%	1.46%
SCHM	Schwab U.S. Mid-Cap ETF	Added	686,350	+13,986	$23,349,627	−5.8%	1.44%
DFAS	Dimensional U.S. Small Cap ETF	Added	275,883	+37,557	$21,358,861	+8.8%	1.31%
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	Reduced	274,769	-161	$20,992,351	−2.0%	1.29%
TIP	iShares TIPS Bond ETF	Added	197,189	+67,624	$20,515,543	+44.7%	1.26%
VTV	VANGUARD VALUE INDEX FUND	Reduced	84,762	-83	$18,315,372	−0.9%	1.13%
IVV	iShares Core S&P 500 ETF	Reduced	23,358	-143	$17,888,724	+1.6%	1.10%
VOE	VANGUARD MID-CAP VALUE INDEX FUND	Added	91,488	+2,592	$17,888,648	+1.8%	1.10%
QUAL	iShares MSCI USA Quality Factor ETF	Reduced	80,337	-308	$17,854,094	+0.9%	1.10%
AVUV	Avantis U.S. Small Cap Value ETF	Added	143,720	+20,759	$16,925,904	+10.3%	1.04%
IJJ	iShares S&P Mid-Cap 400 Value ETF	Reduced	117,738	-600	$16,213,699	−7.3%	1.00%
VOOV	VANGUARD S&P 500 VALUE INDEX FUND	Reduced	70,988	-746	$15,641,495	−0.5%	0.96%
SLYV	State Street(R) SPDR(R) S & P 600(TM) Small Cap Value ETF	Reduced	134,497	-1,774	$13,738,868	−7.6%	0.85%
AVDE	Avantis International Equity ETF	Added	145,400	+539	$13,101,994	+1.4%	0.81%
SCHA	Schwab U.S. Small-Cap ETF	Reduced	385,255	-5,218	$12,570,870	−10.9%	0.77%
IUSV	iShares Core S&P U.S. Value ETF	Reduced	109,814	-431	$12,110,287	−0.3%	0.75%
IVOV	VANGUARD S&P MID-CAP 400 VALUE INDEX FUND	Reduced	113,013	-1,021	$12,078,829	−7.1%	0.74%
MDY	Spdr S&P Midcap 400 ETF Trust	Reduced	18,133	-43	$11,908,122	−6.9%	0.73%
VMBS	VANGUARD MORTGAGE-BACKED SECURITIES INDEX FUND	Added	247,905	+208,148	$11,009,461	+491.6%	0.68%
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	Added	270,906	+16,540	$10,760,386	+4.1%	0.66%
SUB	iShares Short-Term National Muni Bond ETF	Added	102,432	+47,201	$10,708,241	+82.1%	0.66%
DFAT	Dimensional U.S. Targeted Value ETF	Reduced	146,665	-1,787	$9,744,422	−6.1%	0.60%
STIP	iShares 0-5 Year TIPS Bond ETF	Added	93,913	+2,392	$9,363,126	+0.1%	0.58%
DFUV	Dimensional U.S. Marketwide Value ETF	Reduced	146,970	-1,308	$8,083,350	−0.9%	0.50%
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	Reduced	23,748	-236	$5,486,500	−5.9%	0.34%
IJS	iShares S&P Small-Cap 600 Value ETF	Reduced	42,426	-211	$5,434,770	−6.7%	0.33%
IWV	iShares Russell 3000 ETF	Held	11,854	0	$5,116,897	+1.2%	0.31%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Reduced	77,371	-523	$4,588,874	−1.3%	0.28%
ISTB	iShares Core 1-5 Year USD Bond ETF	Added	96,994	+765	$4,582,966	−1.3%	0.28%
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	Added	88,003	+15,402	$4,331,507	+18.8%	0.27%
STPZ	PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund	Held	76,584	0	$3,972,412	−2.8%	0.24%
SPMD	State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF	Added	54,745	+45,481	$3,451,124	+451.4%	0.21%

Showing the top 50 of 106 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.