Carbahal Olsen Financial Services Group, LLC

Registered adviser

CIK

2052538

Location

DAVIS, CA

Portfolio Value

Small $144,040,976

Diversification

Highly concentrated

Filing Date

Global Rank

#7,503 / 8,816 ▼ 18

Top Industry

Consumer Electronics 28.2%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

7 quarters · since Dec 2024

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 151765

Roster of Oct 1, 2026

Regulatory AUM

$257,597,197

Main clients

Individuals and high net worth (97% 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	$257,597,197	Individuals and high net worth (97%)
Apr 2025 to Mar 2026	$212,823,161	Individuals and high net worth (98%)
Apr 2024 to Mar 2025	$180,195,299	Individuals and high net worth (98%)
May 2023 to Mar 2024	$152,866,671	Individuals and high net worth (100%)
Apr 2023	$152,866,671	Individuals and high net worth (100%)
Apr 2022 to Mar 2023	$157,980,036	Individuals and high net worth (100%)

2 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 94.6% of the book (60%+)

Turnover

Low turnover

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

Horizon

Medium horizon

Value-weighted holding period 6.9 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 87.0%; sector active share 76.4% against the combined 13F book's sector weights.

Over time 7 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

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

Top Position

67.7%

−1.6 pts

Top 5

91.3%

−0.8 pts

Top 10

94.6%

−0.3 pts

HHI

4,828

Highly concentrated−183

Portfolio Trend

7 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	88.9%	$127,987,773	15
Technology	5.1%	$7,339,586	6
Financial Services	2.6%	$3,785,320	6
Healthcare	1.3%	$1,896,246	4
Industrials	1.0%	$1,472,268	3
Communication Services	0.3%	$493,462	2
Utilities	0.3%	$468,374	2
Consumer Defensive	0.2%	$312,343	1
Energy	0.2%	$285,604	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
AGG	iShares Core U.S. Aggregate Bond ETF	+2,615	118,579	$11,736,949
IEFA	iShares Core MSCI EAFE ETF	+1,677	157,951	$15,254,907
FDVV	Fidelity High Dividend ETF	+1,369	130,417	$7,862,840
IVV	iShares Core S&P 500 ETF	+364	48,420	$36,261,253
DVY	iShares Select Dividend ETF	+141	13,271	$2,074,257
LLY	ELI LILLY & Co	+13	514	$616,507
No positions match the current search.

Trimmed

Positions the filer reduced

14 positions

Ticker	Company	Δ Shares	Shares	Value
IVW	iShares S&P 500 Growth ETF	−4,055	133,884	$18,413,066
AAPL	Apple Inc.	−1,100	15,656	$4,530,220
AMAT	Applied Materials Inc	−1,072	800	$578,400
NVDA	Nvidia Corp	−457	2,014	$402,981
IVE	iShares S&P 500 Value ETF	−154	30,742	$6,980,278
QQQ	Invesco Qqq Trust, Series 1	−144	27,747	$20,432,890
—		−137	2,989	$568,477
CAT	Caterpillar Inc	−82	546	$581,435
ITOT	iShares Core S&P Total U.S. Stock Market ETF	−61	2,831	$465,048
IWO	iShares Russell 2000 Growth ETF	−52	14,625	$5,761,665
IJR	iShares Core S&P Small-Cap ETF	−19	3,770	$559,128
MSFT	Microsoft Corp	−17	1,776	$662,483
—		−14	5,242	$1,159,530
BRK-B	Berkshire Hathaway Inc	−5	2,384	$1,192,929
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
FNRN	First Northern Community Bancorp	68,288	$1,225,086
VUG	VANGUARD GROWTH INDEX FUND	2,712	$233,611
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	605	$223,874
EMR	Emerson Electric Co	1,499	$214,581
IBM	International Business Machines Corp	713	$200,502
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
GOOG	Alphabet Inc.	840	$240,962
WMT	Walmart Inc.	1,654	$205,559
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

40 tracked positions · $144,040,976 total · filing declares 40 positions · $144,043,991 · as of Jun 30, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
IVV	iShares Core S&P 500 ETF	Added	48,420	+364	$36,261,253	+15.5%	7	before history	25.17%
QQQ	Invesco Qqq Trust, Series 1	Reduced	27,747	-144	$20,432,890	+26.9%	7	before history	14.19%
IVW	iShares S&P 500 Growth ETF	Reduced	133,884	-4,055	$18,413,066	+18.0%	7	before history	12.78%
IEFA	iShares Core MSCI EAFE ETF	Added	157,951	+1,677	$15,254,907	+7.8%	7	before history	10.59%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	118,579	+2,615	$11,736,949	+2.0%	7	before history	8.15%
FDVV	Fidelity High Dividend ETF	Added	130,417	+1,369	$7,862,840	+10.3%	7	before history	5.46%
IVE	iShares S&P 500 Value ETF	Reduced	30,742	-154	$6,980,278	+7.0%	7	before history	4.85%
IWO	iShares Russell 2000 Growth ETF	Reduced	14,625	-52	$5,761,665	+25.1%	7	before history	4.00%
AAPL	Apple Inc. Technology	Reduced	15,656	-1,100	$4,530,220	+6.5%	7	before history	3.15%
DVY	iShares Select Dividend ETF	Added	13,271	+141	$2,074,257	+4.3%	7	before history	1.44%
FNRN	First Northern Community Bancorp Financial Services	NEW	68,288	NEW	$1,225,086	NEW	1	$16.95	0.85%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	2,384	-5	$1,192,929	+4.2%	7	before history	0.83%
		Reduced	5,242	-14	$1,159,530	+16.4%	7	before history	0.81%
STX	Seagate Technology Holdings plc Technology	Held	1,000	0	$965,000	+146.3%	4	$170.68	0.67%
ETN	Eaton Corp plc Industrials	Held	1,587	0	$676,252	+19.1%	7	before history	0.47%
MSFT	Microsoft Corp Technology	Reduced	1,776	-17	$662,483	−0.2%	7	before history	0.46%
LLY	ELI LILLY & Co Healthcare	Added	514	+13	$616,507	+33.8%	7	before history	0.43%
CAT	Caterpillar Inc Industrials	Reduced	546	-82	$581,435	+30.7%	6	$356.58	0.40%
AMAT	Applied Materials Inc Technology	Reduced	800	-1,072	$578,400	−9.6%	7	before history	0.40%
		Reduced	2,989	-137	$568,477	+7.7%	7	before history	0.39%
IJR	iShares Core S&P Small-Cap ETF	Reduced	3,770	-19	$559,128	+18.7%	7	before history	0.39%
JNJ	Johnson & Johnson Healthcare	Held	2,155	0	$547,305	+3.9%	7	before history	0.38%
BN	BROOKFIELD Corp Financial Services	Held	11,443	0	$487,357	+5.2%	7	before history	0.34%
ITOT	iShares Core S&P Total U.S. Stock Market ETF	Reduced	2,831	-61	$465,048	+12.9%	7	before history	0.32%
NVDA	Nvidia Corp Technology	Reduced	2,014	-457	$402,981	−6.5%	7	before history	0.28%
GILD	Gilead Sciences, Inc. Healthcare	Held	2,975	0	$375,861	−9.3%	7	before history	0.26%
ABBV	AbbVie Inc. Healthcare	Held	1,417	0	$356,573	+15.7%	7	before history	0.25%
SEIC	Sei Investments Co Financial Services	Held	4,000	0	$350,840	+11.8%	7	before history	0.24%
PG	PROCTER & GAMBLE Co Consumer Defensive	Held	2,130	0	$312,343	+1.5%	7	before history	0.22%
WFC	Wells Fargo & Company Financial Services	Held	3,660	0	$302,462	+3.8%	7	before history	0.21%
CVX	Chevron Corp Energy	Held	1,723	0	$285,604	−19.9%	7	before history	0.20%
OKLO	Oklo Inc. Utilities	Held	5,000	0	$261,650	+5.5%	5	$38.57	0.18%
T	At&T Inc. Communication Services	Held	12,192	0	$252,374	−28.6%	7	before history	0.18%
META	Meta Platforms, Inc. Communication Services	Held	428	0	$241,088	−1.5%	7	before history	0.17%
VUG	VANGUARD GROWTH INDEX FUND	NEW	2,712	NEW	$233,611	NEW	1	unpriced	0.16%
RWL	Invesco Ltd. Financial Services	Held	1,774	0	$226,646	+11.2%	2	$117.97	0.16%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	NEW	605	NEW	$223,874	NEW	1	unpriced	0.16%
EMR	Emerson Electric Co Industrials	NEW	1,499	NEW	$214,581	NEW	1	$140.76	0.15%
ATO	Atmos Energy Corp Utilities	Held	1,200	0	$206,724	−6.7%	4	$161.45	0.14%
IBM	International Business Machines Corp Technology	NEW	713	NEW	$200,502	NEW	1	$251.95	0.14%

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.