Zhang Financial LLC

Registered adviser

CIK

1776290

Location

PORTAGE, MI

Portfolio Value

Mid $3,424,091,779

Diversification

Diversified

Filing Date

Global Rank

#1,152 / 8,827 ▲ 17

Top Industry

Semiconductors 15.2%

Period ended 4 months ago

Filed Jul 30, 2026 · 3mo

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, Nov 1, 2026

Form ADV adviser

CRD 159257

Roster of Nov 1, 2026

Regulatory AUM

$8,370,163,197

Main clients

Individuals and high net worth (67% 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	$8,370,163,197	Individuals and high net worth (67%)
Dec 2025 to Mar 2026	$7,176,436,236	Individuals and high net worth (67%)
Apr 2025 to Sep 2025	$6,547,690,960	Individuals and high net worth (66%)
Nov 2024 to Mar 2025	$6,034,201,776	Individuals and high net worth (65%)
Apr 2024 to Oct 2024	$5,728,071,112	Individuals and high net worth (64%)
Oct 2023 to Mar 2024	$5,043,963,628	Individuals and high net worth (63%)

6 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 70.9% of the book (60%+)

Turnover

Low turnover

4.1% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 20.8 quarters (12+), a floor since 48.1% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 74.8%; sector active share 70.7% 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

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

Top Position

17.1%

−0.2 pts

Top 5

57.2%

−1.0 pts

Top 10

70.9%

−0.0 pts

HHI

825

Diversified−15

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	83.6%	$2,862,522,875	193
Technology	6.9%	$234,916,330	35
Healthcare	2.3%	$79,114,424	25
Financial Services	2.1%	$71,501,190	41
Industrials	1.3%	$46,213,089	31
Communication Services	1.3%	$43,679,966	8
Consumer Cyclical	1.1%	$38,148,587	15
Consumer Defensive	0.7%	$25,179,669	15
Energy	0.3%	$11,256,897	9
Basic Materials	0.2%	$8,372,235	11
Utilities	0.1%	$3,186,517	8

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	+331,304	393,248	$33,874,382
VO	VANGUARD MID-CAP INDEX FUND	+282,158	376,125	$30,304,391
DFAI	Dimensional International Core Equity Market ETF	+267,340	2,110,994	$87,078,502
MGK	VANGUARD MEGA CAP GROWTH INDEX FUND	+218,373	269,582	$23,698,953
VCRB	VANGUARD CORE BOND ETF	+201,837	727,196	$56,163,528
AGG	iShares Core U.S. Aggregate Bond ETF	+195,703	1,094,000	$108,284,120
VXUS	Vanguard Total International Stock ETF	+163,740	2,246,322	$192,038,067
VONV	VANGUARD RUSSELL 1000 VALUE INDEX FUND	+144,690	208,518	$22,167,548
DFUS	Dimensional U.S. Equity Market ETF	+126,540	2,660,097	$217,968,348
VONG	VANGUARD RUSSELL 1000 GROWTH INDEX FUND	+102,541	163,754	$20,929,398
VEA	Vanguard FTSE Developed Markets ETF	+101,240	457,396	$32,589,465
VOOG	VANGUARD S&P 500 GROWTH INDEX FUND	+94,486	104,229	$8,611,399
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	+88,260	126,633	$6,405,097
ITOT	iShares Core S&P Total U.S. Stock Market ETF	+64,477	1,246,429	$204,750,891
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	+63,454	962,703	$70,672,027
VUSB	VANGUARD ULTRA-SHORT BOND ETF	+62,861	99,319	$4,944,099
MUB	iShares National Muni Bond ETF	+52,890	154,233	$16,598,555
JMUB	JPMorgan Municipal ETF	+52,375	69,610	$3,526,094
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	+49,134	55,695	$6,656,666
VONE	VANGUARD RUSSELL 1000 INDEX FUND	+49,116	69,623	$23,582,702
DFSV	Dimensional US Small Cap Value ETF	+48,515	750,732	$29,120,894
KLAC	Kla Corp	+38,588	42,890	$12,940,341
IEMG	iShares Trust	+33,846	37,551	$3,110,724
VTWO	VANGUARD RUSSELL 2000 INDEX FUND	+28,816	31,176	$3,785,389
GGB	Gerdau S.A.	+26,589	38,284	$154,667
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
DFAT	Dimensional U.S. Targeted Value ETF	−52,847	63,378	$4,430,122
SPTM	State Street(R) SPDR(R) Portfolio S&P 1500(R) Composite Stock Market ETF	−25,800	257,479	$23,376,518
DFAC	Dimensional U.S. Core Equity 2 ETF	−24,706	3,238,499	$143,659,815
DFAU	Dimensional US Core Equity Market ETF	−20,533	688,300	$35,578,227
SCHZ	Schwab U.S. Aggregate Bond ETF	−19,841	109,176	$2,525,240
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	−13,637	396,363	$31,324,567
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	−13,258	550,162	$203,581,946
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	−12,792	26,396	$1,536,247
BKLC	BNY Mellon US Large Cap Core Equity ETF	−12,518	290,869	$41,707,734
—		−11,211	95,459	$2,769,265
SCHF	Schwab International Equity ETF	−10,128	572,438	$15,856,532
CG	Carlyle Group Inc.	−9,118	12,734	$536,228
IBM	International Business Machines Corp	−8,751	14,588	$4,102,291
JMOM	JPMorgan U.S. Momentum Factor ETF	−8,729	3,616	$309,023
HON	Honeywell International Inc	−7,721	5,685	$1,272,871
WTV	WisdomTree U.S. Value Fund	−6,323	2,528	$257,148
SCHB	Schwab U.S. Broad Market ETF	−5,958	660,423	$19,125,850
DFUV	Dimensional U.S. Marketwide Value ETF	−5,307	62,703	$3,449,292
ICSH	iShares Ultra Short Duration Bond Active ETF	−5,121	52,906	$2,675,985
DFAS	Dimensional U.S. Small Cap ETF	−5,064	92,604	$7,625,013
MU	Micron Technology Inc	−4,437	26,652	$30,764,137
VYMI	VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD INDEX FUND	−4,197	50,223	$4,931,898
CSCO	Cisco Systems, Inc.	−4,113	73,231	$8,601,713
VEU	Vanguard International Equity Index Funds	−3,990	15,383	$1,288,326
AMD	Advanced Micro Devices Inc	−3,689	5,077	$2,949,280
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
DDOG	Datadog, Inc.	7,977	$2,076,891
HONA	Honeywell Aerospace Inc.	5,685	$1,256,839
VTES	VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF	9,365	$948,768
SPCX	Space Exploration Technologies Corp	3,750	$640,725
CRWD	CrowdStrike Holdings, Inc.	805	$614,327
CL	Colgate Palmolive Co	6,123	$561,356
ASML	Asml Holding NV	266	$529,191
CDNS	Cadence Design Systems Inc	1,294	$485,664
DELL	Dell Technologies Inc.	1,010	$435,774
NDAQ	Nasdaq, Inc.	5,076	$400,090
ANET	Arista Networks, Inc.	2,279	$387,156
SPGM	State Street(R) SPDR(R) Portfolio MSCI Global Stock Market ETF	4,480	$383,801
DFIC	Dimensional International Core Equity 2 ETF	9,591	$357,360
REET	iShares Global REIT ETF	11,320	$312,658
INTC	Intel Corp	2,200	$307,186
C	Citigroup Inc	2,172	$303,993
WSM	Williams Sonoma Inc	1,270	$296,037
VRT	Vertiv Holdings Co	859	$287,610
EME	EMCOR Group, Inc.	324	$268,881
VOX	VANGUARD COMMUNICATION SERVICES INDEX FUND	1,453	$267,279
AFL	Aflac Inc	2,190	$256,777
RCL	Royal Caribbean Cruises Ltd	777	$246,720
JMST	JPMorgan Ultra-Short Municipal Income ETF	4,715	$240,465
IWM	iShares Russell 2000 ETF	783	$235,252
IUSG	iShares Core S&P U.S. Growth ETF	1,200	$225,708
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
TER	Teradyne, Inc	2,905	$861,216
XLC	State Street(R) Communication Services Select Sector SPDR(R) ETF	3,415	$378,586
DD	DuPont de Nemours, Inc.	4,887	$223,824
USB	US Bancorp De	4,195	$218,181
KR	Kroger Co	2,994	$216,645
GIS	General Mills Inc	5,705	$212,340
GBTC	Grayscale Bitcoin Trust ETF	3,819	$201,490
CMPS	COMPASS Pathways plc	19,037	$105,274
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

391 tracked positions · $3,424,091,779 total · filing declares 392 positions · $3,424,430,780 · 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 391 positions by value · page 1 of 8

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VOO	VANGUARD 500 INDEX FUND	Added	342,986	+16,575	$235,566,214	+20.8%	26+	before history	6.88%
DFUS	Dimensional U.S. Equity Market ETF	Added	2,660,097	+126,540	$217,968,348	+21.3%	16	$53.93	6.37%
ITOT	iShares Core S&P Total U.S. Stock Market ETF	Added	1,246,429	+64,477	$204,750,891	+21.6%	26+	before history	5.98%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	550,162	-13,258	$203,581,946	+12.6%	26+	before history	5.95%
VXUS	Vanguard Total International Stock ETF	Added	2,246,322	+163,740	$192,038,067	+19.6%	26+	before history	5.61%
BIV	Vanguard Bond Index Funds	Added	1,914,897	+24,751	$146,872,599	+0.7%	18	$76.94	4.29%
DFAC	Dimensional U.S. Core Equity 2 ETF	Reduced	3,238,499	-24,706	$143,659,815	+13.3%	21	unpriced	4.20%
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	Added	739,897	+16,024	$116,126,834	+16.0%	26+	before history	3.39%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	1,094,000	+195,703	$108,284,120	+21.4%	22	unpriced	3.16%
DFAI	Dimensional International Core Equity Market ETF	Added	2,110,994	+267,340	$87,078,502	+21.2%	18	$29.01	2.54%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Added	962,703	+63,454	$70,672,027	+6.7%	26+	before history	2.06%
AAPL	Apple Inc. Technology	Added	229,050	+2,990	$66,277,908	+15.5%	26+	before history	1.94%
VCRB	VANGUARD CORE BOND ETF	Added	727,196	+201,837	$56,163,528	+38.2%	6	$77.87	1.64%
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	Reduced	226,097	-459	$54,939,310	+11.6%	26+	before history	1.60%
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	Added	343,695	+14,014	$54,314,120	+11.2%	18	$115.98	1.59%
AVDE	Avantis International Equity ETF	Added	475,617	+23,285	$42,425,036	+10.6%	12	$69.44	1.24%
BKLC	BNY Mellon US Large Cap Core Equity ETF	Reduced	290,869	-12,518	$41,707,734	+10.1%	22	unpriced	1.22%
DFAU	Dimensional US Core Equity Market ETF	Reduced	688,300	-20,533	$35,578,227	+11.2%	17	$33.65	1.04%
IAU	Ishares Gold Trust	Added	467,941	+4,199	$35,334,224	−13.6%	26+	before history	1.03%
VUG	VANGUARD GROWTH INDEX FUND	Added	393,248	+331,304	$33,874,382	+25.2%	26+	before history	0.99%
AVUS	Avantis U.S. Equity ETF	Added	259,250	+17,017	$33,204,740	+23.3%	13	$94.41	0.97%
SYK	Stryker Corp Healthcare	Reduced	103,679	-120	$32,642,296	−4.3%	26+	before history	0.95%
NVDA	Nvidia Corp Technology	Added	162,963	+12,240	$32,607,266	+24.0%	21	unpriced	0.95%
VEA	Vanguard FTSE Developed Markets ETF	Added	457,396	+101,240	$32,589,465	+42.8%	26+	before history	0.95%
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	Reduced	396,363	-13,637	$31,324,567	−3.6%	18	$78.61	0.91%
MU	Micron Technology Inc Technology	Reduced	26,652	-4,437	$30,764,137	+192.9%	19	$85.59	0.90%
VO	VANGUARD MID-CAP INDEX FUND	Added	376,125	+282,158	$30,304,391	+12.3%	26+	before history	0.89%
DFSV	Dimensional US Small Cap Value ETF	Added	750,732	+48,515	$29,120,894	+18.4%	15	$28.86	0.85%
MSFT	Microsoft Corp Technology	Added	76,072	+2,624	$28,376,377	+4.4%	26+	before history	0.83%
VOOV	VANGUARD S&P 500 VALUE INDEX FUND	Added	124,151	+16,276	$27,215,140	+23.8%	12	unpriced	0.79%
AVUV	Avantis U.S. Small Cap Value ETF	Added	196,622	+18,488	$24,530,560	+24.7%	13	$96.01	0.72%
MGK	VANGUARD MEGA CAP GROWTH INDEX FUND	Added	269,582	+218,373	$23,698,953	+25.9%	13	unpriced	0.69%
VONE	VANGUARD RUSSELL 1000 INDEX FUND	Added	69,623	+49,116	$23,582,702	+289.7%	18	$296.32	0.69%
SPTM	State Street(R) SPDR(R) Portfolio S&P 1500(R) Composite Stock Market ETF	Reduced	257,479	-25,800	$23,376,518	+4.4%	15	unpriced	0.68%
GOOGL	Alphabet Inc. Communication Services	Added	63,201	+1,604	$22,586,141	+27.5%	26+	before history	0.66%
VONV	VANGUARD RUSSELL 1000 VALUE INDEX FUND	Added	208,518	+144,690	$22,167,548	+270.5%	22	unpriced	0.65%
AMZN	Amazon Com Inc Consumer Cyclical	Added	90,935	+10,599	$21,673,447	+29.5%	26+	before history	0.63%
		Reduced	97,906	-1,346	$21,656,807	+15.1%	26+	before history	0.63%
VONG	VANGUARD RUSSELL 1000 GROWTH INDEX FUND	Added	163,754	+102,541	$20,929,398	+211.7%	16	$109.47	0.61%
SPY	Spdr S&P 500 ETF Trust	Added	25,876	+439	$19,323,420	+16.8%	26+	before history	0.56%
IVV	iShares Core S&P 500 ETF	Reduced	25,602	-2,276	$19,173,081	+5.3%	26+	before history	0.56%
SCHB	Schwab U.S. Broad Market ETF	Reduced	660,423	-5,958	$19,125,850	+14.3%	26+	before history	0.56%
MUB	iShares National Muni Bond ETF	Added	154,233	+52,890	$16,598,555	+54.3%	26+	before history	0.48%
SCHF	Schwab International Equity ETF	Reduced	572,438	-10,128	$15,856,532	+10.0%	26+	before history	0.46%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Added	252,161	+23,903	$15,051,490	+22.0%	26+	before history	0.44%
VTV	VANGUARD VALUE INDEX FUND	Added	66,394	+646	$14,469,244	+12.2%	26+	before history	0.42%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	25,978	-979	$12,999,131	+0.6%	26+	before history	0.38%
KLAC	Kla Corp Technology	Added	42,890	+38,588	$12,940,341	+104.3%	20	$49.50	0.38%
AVGO	Broadcom Inc. Technology	Added	34,033	+619	$12,855,965	+24.3%	20	$172.57	0.38%
META	Meta Platforms, Inc. Communication Services	Added	22,042	+1,756	$12,416,038	+7.0%	14	$480.60	0.36%

Showing the top 50 of 391 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.