Intelligent Financial Strategies

Registered adviser

CIK

1911000

Location

EXCELSIOR, MN

Portfolio Value

Small $199,568,844

Diversification

Moderately concentrated

Filing Date

Global Rank

#6,268 / 8,807 ▼ 441 · as of Jun 2026

Top Industry

Insurance - Diversified 80.2%

Period ended 20 days ago

Filed Oct 16, 2026 · 4d

20 quarters · since Dec 2021

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 108048

Roster of Oct 1, 2026

Regulatory AUM

$241,994,381

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	$241,994,381	Individuals and high net worth (99%)
Mar 2025 to Jan 2026	$219,176,341	Individuals and high net worth (99%)
Mar 2024 to Feb 2025	$181,923,257	Individuals and high net worth (99%)
May 2023 to Feb 2024	$160,486,307	Individuals and high net worth (99%)
Mar 2023 to Apr 2023	$160,486,307	Individuals and high net worth (99%)
Feb 2022 to Feb 2023	$175,639,369	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 90.3% of the book (60%+)

Turnover

Low turnover

21.7% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 15.5 quarters (12+)

Closest benchmark: every 13F filer's combined book, active share 88.6%; sector active share 73.4% against the combined 13F book's sector weights.

Over time 19 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

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

Top Position

31.9%

+0.4 pts

Top 5

77.8%

+2.4 pts

Top 10

91.7%

+1.3 pts

HHI

1,770

Moderately concentrated+74

Portfolio Trend

20 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	60.2%	$120,238,186	29
Financial Services	33.5%	$66,919,302	11
Technology	3.1%	$6,151,072	13
Communication Services	1.6%	$3,222,771	2
Consumer Defensive	0.8%	$1,522,801	8
Industrials	0.3%	$694,348	4
Consumer Cyclical	0.2%	$431,000	2
Healthcare	0.1%	$291,714	6
Energy	0.0%	$97,650	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

18 positions

Ticker	Company	Δ Shares	Shares	Value
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	+3,903	159,717	$25,211,328
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	+2,963	41,980	$3,242,955
VXUS	Vanguard Total International Stock ETF	+1,485	139,992	$11,893,720
—		+1,005	4,176	$0
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	+397	43,017	$16,098,682
FEGE	First Eagle Global Equity ETF	+303	21,206	$1,064,329
AMZN	Amazon Com Inc	+107	1,107	$275,809
VEU	Vanguard International Equity Index Funds	+88	2,894	$240,115
AAPL	Apple Inc.	+77	11,827	$3,938,627
MSFT	Microsoft Corp	+69	3,820	$1,959,278
DFAC	Dimensional U.S. Core Equity 2 ETF	+37	94,051	$4,180,566
VO	VANGUARD MID-CAP INDEX FUND	+5	2,002	$156,996
—		+3	1,381	$0
IVV	iShares Core S&P 500 ETF	+2	6,352	$0
KO	Coca Cola Co	+2	323	$27,803
AVDV	Avantis International Small Cap Value ETF	+2	4,277	$467,818
JNJ	Johnson & Johnson	+1	936	$247,796
AVUV	Avantis U.S. Small Cap Value ETF	+1	2,242	$264,040
No positions match the current search.

Trimmed

Positions the filer reduced

16 positions

Ticker	Company	Δ Shares	Shares	Value
SGOV	iShares 0-3 Month Treasury Bond ETF	−6,205	7,840	$0
BRK-B	Berkshire Hathaway Inc	−3,188	117,215	$58,367,209
VOO	VANGUARD 500 INDEX FUND	−1,692	38,686	$27,113,469
VEA	Vanguard FTSE Developed Markets ETF	−1,550	4,621	$326,288
VIG	Vanguard Specialized Funds	−1,361	18,283	$4,265,606
PHYS	Sprott Physical Gold Trust	−1,165	353	$11,038
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	−372	123,277	$8,647,881
V	Visa Inc.	−225	4,194	$1,507,030
AVGE	Avantis All Equity Markets ETF	−165	64,356	$6,328,769
AKRE	Professionally Managed Portfolios	−45	2,775	$146,159
COST	Costco Wholesale Corp /New	−40	1,116	$1,015,939
MCD	Mcdonalds Corp	−18	672	$155,191
FAST	Fastenal Co	−8	1,403	$69,490
IWD	iShares Russell 1000 Value ETF	−6	44	$0
HSY	Hershey Co	−3	1,682	$265,100
MA	Mastercard Inc	−2	3,168	$1,747,056
No positions match the current search.

New Positions

Positions the filer opened this quarter

18 positions

Ticker	Company	Shares	Value
GOOGL	Alphabet Inc.	118	$40,601
NVDA	Nvidia Corp	113	$25,806
AMD	Advanced Micro Devices Inc	19	$11,623
SCHW	Schwab Charles Corp	84	$8,210
LLY	ELI LILLY & Co	7	$8,099
ASML	Asml Holding NV	4	$7,246
AVGO	Broadcom Inc.	18	$6,321
JPM	Jpmorgan Chase & Co	19	$6,285
C	Citigroup Inc	48	$6,215
OKTA	Okta, Inc.	26	$5,436
MU	Micron Technology Inc	5	$5,325
NET	Cloudflare, Inc.	13	$4,514
UNH	Unitedhealth Group Inc	10	$3,670
SNOW	Snowflake Inc.	10	$3,395
CMPS	COMPASS Pathways plc	250	$3,110
DFTX	Definium Therapeutics, Inc.	77	$2,930
CRWD	CrowdStrike Holdings, Inc.	10	$2,647
PANW	Palo Alto Networks Inc	6	$2,383
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
AVUS	Avantis U.S. Equity ETF	246	$31,507
FNDF	Schwab Fundamental International Equity ETF	451	$23,794
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

76 tracked positions · $199,568,844 total · filing declares 77 positions · $206,067,337 · as of Sep 30, 2026

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

Showing 1–50 of 76 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	117,215	-3,188	$58,367,209	−3.1%	29.25%
VOO	VANGUARD 500 INDEX FUND	Reduced	38,686	-1,692	$27,113,469	−2.2%	13.59%
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	Added	159,717	+3,903	$25,211,328	+3.1%	12.63%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	43,017	+397	$16,098,682	+2.1%	8.07%
VXUS	Vanguard Total International Stock ETF	Added	139,992	+1,485	$11,893,720	+0.4%	5.96%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Reduced	123,277	-372	$8,647,881	−4.7%	4.33%
AVGE	Avantis All Equity Markets ETF	Reduced	64,356	-165	$6,328,769	−1.0%	3.17%
BRK-A	Berkshire Hathaway Inc Financial Services	Held	7	0	$5,229,035	−0.2%	2.62%
DFUV	Dimensional U.S. Marketwide Value ETF	Held	83,718	0	$4,604,490	−0.0%	2.31%
VIG	Vanguard Specialized Funds	Reduced	18,283	-1,361	$4,265,606	−8.2%	2.14%
DFAC	Dimensional U.S. Core Equity 2 ETF	Added	94,051	+37	$4,180,566	+0.2%	2.09%
AAPL	Apple Inc. Technology	Added	11,827	+77	$3,938,627	+15.8%	1.97%
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	Added	41,980	+2,963	$3,242,955	+5.2%	1.62%
GOOG	Alphabet Inc. Communication Services	Held	9,339	0	$3,182,170	−3.6%	1.59%
MDY	Spdr S&P Midcap 400 ETF Trust	Held	3,678	0	$2,415,379	−6.6%	1.21%
MSFT	Microsoft Corp Technology	Added	3,820	+69	$1,959,278	+40.0%	0.98%
MA	Mastercard Inc Financial Services	Reduced	3,168	-2	$1,747,056	+7.3%	0.88%
V	Visa Inc. Financial Services	Reduced	4,194	-225	$1,507,030	−0.6%	0.76%
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	Held	35,705	0	$1,321,799	+0.5%	0.66%
FEGE	First Eagle Global Equity ETF	Added	21,206	+303	$1,064,329	+4.1%	0.53%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	1,116	-40	$1,015,939	−6.1%	0.51%
SPY	Spdr S&P 500 ETF Trust	Held	1,194	0	$910,580	+2.1%	0.46%
DFUS	Dimensional U.S. Equity Market ETF	Held	9,115	0	$756,818	+1.3%	0.38%
UNP	Union Pacific Corp Industrials	Held	1,798	0	$489,289	+0.0%	0.25%
AVDV	Avantis International Small Cap Value ETF	Added	4,277	+2	$467,818	+6.2%	0.23%
AVDE	Avantis International Equity ETF	Held	5,090	0	$458,659	+1.0%	0.23%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	4,621	-1,550	$326,288	−25.8%	0.16%
AMZN	Amazon Com Inc Consumer Cyclical	Added	1,107	+107	$275,809	+15.7%	0.14%
HSY	Hershey Co Consumer Defensive	Reduced	1,682	-3	$265,100	−10.3%	0.13%
AVUV	Avantis U.S. Small Cap Value ETF	Added	2,242	+1	$264,040	−5.6%	0.13%
JNJ	Johnson & Johnson Healthcare	Added	936	+1	$247,796	+4.4%	0.12%
VEU	Vanguard International Equity Index Funds	Added	2,894	+88	$240,115	+2.2%	0.12%
AMAT	Applied Materials Inc /De Technology	Held	349	0	$178,471	−29.3%	0.09%
VO	VANGUARD MID-CAP INDEX FUND	Added	2,002	+5	$156,996	−2.4%	0.08%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	672	-18	$155,191	−16.8%	0.08%
AKRE	Professionally Managed Portfolios	Reduced	2,775	-45	$146,159	−2.6%	0.07%
VV	VANGUARD LARGE-CAP INDEX FUND	Held	346	0	$121,740	+2.3%	0.06%
CMI	Cummins Inc Industrials	Held	195	0	$100,731	−27.6%	0.05%
XOM	ExxonMobil Holdings Corp Energy	Held	600	0	$97,650	+19.0%	0.05%
PM	Philip Morris International Inc. Consumer Defensive	Held	470	0	$89,685	+5.5%	0.04%
PEP	Pepsico Inc Consumer Defensive	Held	668	0	$84,648	−6.4%	0.04%
FAST	Fastenal Co Industrials	Reduced	1,403	-8	$69,490	+2.5%	0.03%
GOOGL	Alphabet Inc. Communication Services	NEW	118	NEW	$40,601	NEW	0.02%
RSG	Republic Services, Inc. Industrials	Held	166	0	$34,838	−1.5%	0.02%
KO	Coca Cola Co Consumer Defensive	Added	323	+2	$27,803	+6.6%	0.01%
IDXX	Idexx Laboratories Inc /De Healthcare	Held	50	0	$26,109	−0.8%	0.01%
NVDA	Nvidia Corp Technology	NEW	113	NEW	$25,806	NEW	0.01%
CL	Colgate Palmolive Co Consumer Defensive	Held	273	0	$23,292	−6.9%	0.01%
MET	Metlife Inc Financial Services	Held	200	0	$18,832	+11.3%	0.01%
MDLZ	Mondelez International, Inc. Consumer Defensive	Held	280	0	$16,189	−0.0%	0.01%

Showing the top 50 of 76 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.