DAHRING | CUSMANO LLC

Registered adviser

CIK

2053669

Location

NOVI, MI

Portfolio Value

Small $204,050,248

Diversification

Diversified

Filing Date

Global Rank

#6,686 / 8,827 ▲ 81 · as of Jun 2026

Top Industry

Software - Infrastructure 19.0%

Period ended 38 days ago

Filed Nov 3, 2026 · 4d

8 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, Nov 1, 2026

Form ADV adviser

CRD 301236

Roster of Nov 1, 2026

Regulatory AUM

$781,384,466

Main clients

Individuals and high net worth (62% 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	$781,384,466	Individuals and high net worth (62%)
Apr 2025 to Mar 2026	$707,083,065	Individuals and high net worth (56%)
Apr 2024 to Mar 2025	$535,130,456	Individuals and high net worth (54%)
May 2023 to Mar 2024	$435,845,444	Individuals and high net worth (56%)
Apr 2023	$435,845,444	Individuals and high net worth (56%)
Apr 2022 to Mar 2023	$466,327,583	Individuals and high net worth (60%)

4 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 88.5% of the book (60%+)

Turnover

Low turnover

25.0% over the last four quarters (under 30%)

Horizon

Medium horizon

Value-weighted holding period 5.8 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 93.6%; sector active share 84.6% 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

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

Top Position

23.5%

−10.2 pts

Top 5

60.7%

−13.2 pts

Top 10

85.2%

−3.3 pts

HHI

1,054

Diversified−602

Portfolio Trend

8 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	97.1%	$198,074,985	54
Technology	1.1%	$2,224,270	4
Industrials	0.3%	$695,373	2
Healthcare	0.3%	$668,018	2
Utilities	0.3%	$599,471	2
Consumer Defensive	0.3%	$570,060	2
Consumer Cyclical	0.3%	$533,985	2
Energy	0.1%	$263,817	1
Financial Services	0.1%	$211,069	2
Communication Services	0.1%	$209,200	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
MFEM	PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF	+115,223	336,300	$9,610,781
VGMS	VANGUARD MULTI-SECTOR INCOME BOND ETF	+94,185	318,102	$15,752,411
CGDV	Capital Group Dividend Value ETF	+85,715	264,326	$12,912,325
TFNS	T. Rowe Price Financials ETF	+73,575	112,399	$3,080,294
PYLD		+48,112	803,176	$20,392,638
FNDF	Schwab Fundamental International Equity ETF	+45,558	99,938	$5,371,667
FLSP	Franklin Systematic Style Premia ETF	+40,252	55,518	$1,587,814
DBMF	iMGP DBI Managed Futures Strategy ETF	+31,965	48,643	$1,582,356
FENI	Fidelity Enhanced International ETF	+31,213	266,549	$10,637,970
CMDT	PIMCO Commodity Strategy Active Exchange-Traded Fund	+29,825	45,974	$1,593,458
CGBL	Capital Group Core Balanced ETF	+16,505	111,501	$4,097,661
SCYB	Schwab High Yield Bond ETF	+13,285	396,358	$10,004,075
FBCG	Fidelity Covington Trust	+11,948	152,347	$9,629,853
VDE	VANGUARD ENERGY INDEX FUND	+11,121	16,804	$2,892,976
VPLS	VANGUARD CORE-PLUS BOND ETF	+8,786	43,974	$3,254,515
FESM	Fidelity Enhanced Small Cap Core ETF	+6,518	325,525	$14,632,348
TBUX	T. Rowe Price Ultra Short-Term Bond ETF	+3,108	57,417	$2,846,160
MINO	PIMCO Municipal Income Opportunities Active Exchange-Traded Fund	+2,565	23,838	$1,015,260
FFSM	Fidelity Fundamental Small-Mid Cap ETF	+2,407	70,079	$2,370,772
VHT	VANGUARD HEALTH CARE INDEX FUND	+868	8,211	$2,595,332
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	+514	8,895	$1,094,796
FTEC	Fidelity MSCI Information Technology Index ETF	+224	16,647	$4,995,098
NVDA	Nvidia Corp	+57	1,761	$402,177
XOM	ExxonMobil Holdings Corp	+31	1,621	$263,817
WEC	Wec Energy Group, Inc.	+28	3,084	$310,805
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SCHG	Schwab U.S. Large-Cap Growth ETF	−333,090	135,057	$4,852,598
FFLC	Fidelity Fundamental Large Cap Core ETF	−226,283	78,745	$4,650,679
FDVV	Fidelity High Dividend ETF	−66,893	8,248	$500,901
FBND	Fidelity Total Bond ETF	−30,055	33,528	$1,451,762
IAU	Ishares Gold Trust	−28,024	17,572	$1,372,373
XMHQ	Victory Portfolios II	−17,975	15,194	$0
TCAF	T. Rowe Price Capital Appreciation Equity ETF	−6,950	12,691	$536,448
VV	VANGUARD LARGE-CAP INDEX FUND	−4,994	5,458	$1,920,397
TMSL	T. Rowe Price Small-Mid Cap ETF	−4,143	37,490	$1,525,843
F	Ford Motor Co	−3,547	12,359	$149,049
TSPA	T. Rowe Price U.S. Equity Research ETF	−1,879	78,600	$3,793,236
MGK	VANGUARD MEGA CAP GROWTH INDEX FUND	−1,771	3,328	$308,339
FDEM	Fidelity Emerging Markets Multifactor ETF	−463	14,812	$526,418
AAPL	Apple Inc.	−451	2,054	$684,023
DTE	Dte Energy Co	−322	2,370	$288,666
SCHF	Schwab International Equity ETF	−320	9,031	$248,081
FNDX	Schwab Fundamental U.S. Large Company ETF	−301	19,604	$616,937
LLY	ELI LILLY & Co	−268	303	$350,595
MSFT	Microsoft Corp	−189	1,658	$850,388
ISCG	iShares Morningstar Small-Cap Growth ETF	−167	4,176	$255,483
GLD	Spdr Gold Trust	−118	925	$352,277
VBK	VANGUARD SMALL-CAP GROWTH INDEX FUND	−68	2,789	$942,207
QQQ	Invesco Qqq Trust, Series 1	−60	353	$261,138
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	−55	3,076	$477,395
IMCG	iShares Morningstar Mid-Cap Growth ETF	−34	2,673	$250,967
No positions match the current search.

New Positions

Positions the filer opened this quarter

13 positions

Ticker	Company	Shares	Value
AVLV	Avantis U.S. Large Cap Value ETF	117,990	$10,671,015
FAD	First Trust Multi Cap Growth AlphaDEX Fund	54,034	$9,795,283
GVIP	Goldman Sachs Hedge Industry VIP ETF	41,455	$7,053,568
DFAC	Dimensional U.S. Core Equity 2 ETF	12,765	$567,404
DE	Deere & Co	582	$390,842
JNJ	Johnson & Johnson	1,199	$317,423
LMT	Lockheed Martin Corp	598	$304,531
PLTR	Palantir Technologies Inc.	1,538	$287,682
PG	PROCTER & GAMBLE Co	1,911	$277,630
GPIX	Goldman Sachs S&P 500 Premium Income ETF	4,367	$243,809
JPM	Jpmorgan Chase & Co	638	$211,069
DUSB	Dimensional Ultrashort Fixed Income ETF	4,110	$207,513
SPMO	Invesco Ltd.	71,135	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
JAAA	Janus Henderson AAA CLO ETF	37,078	$1,872,068
HYDB	iShares High Yield Systematic Bond ETF	5,298	$247,787
HD	Home Depot, Inc.	596	$210,197
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

72 tracked positions · $204,050,248 total · filing declares 72 positions · $216,530,090 · as of Sep 30, 2026

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

Showing 1–50 of 72 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PYLD		Added	803,176	+48,112	$20,392,638	+1.8%	9.99%
VGMS	VANGUARD MULTI-SECTOR INCOME BOND ETF	Added	318,102	+94,185	$15,752,411	+37.2%	7.72%
FESM	Fidelity Enhanced Small Cap Core ETF	Added	325,525	+6,518	$14,632,348	−5.0%	7.17%
CGDV	Capital Group Dividend Value ETF	Added	264,326	+85,715	$12,912,325	+46.7%	6.33%
AVLV	Avantis U.S. Large Cap Value ETF	NEW	117,990	NEW	$10,671,015	NEW	5.23%
FENI	Fidelity Enhanced International ETF	Added	266,549	+31,213	$10,637,970	+12.6%	5.21%
SCYB	Schwab High Yield Bond ETF	Added	396,358	+13,285	$10,004,075	−0.2%	4.90%
FAD	First Trust Multi Cap Growth AlphaDEX Fund	NEW	54,034	NEW	$9,795,283	NEW	4.80%
FBCG	Fidelity Covington Trust	Added	152,347	+11,948	$9,629,853	+10.4%	4.72%
MFEM	PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF	Added	336,300	+115,223	$9,610,781	+54.0%	4.71%
GVIP	Goldman Sachs Hedge Industry VIP ETF	NEW	41,455	NEW	$7,053,568	NEW	3.46%
FNDF	Schwab Fundamental International Equity ETF	Added	99,938	+45,558	$5,371,667	+87.2%	2.63%
FTEC	Fidelity MSCI Information Technology Index ETF	Added	16,647	+224	$4,995,098	+6.5%	2.45%
SCHG	Schwab U.S. Large-Cap Growth ETF	Reduced	135,057	-333,090	$4,852,598	−69.4%	2.38%
FFLC	Fidelity Fundamental Large Cap Core ETF	Reduced	78,745	-226,283	$4,650,679	−74.1%	2.28%
CGBL	Capital Group Core Balanced ETF	Added	111,501	+16,505	$4,097,661	+13.6%	2.01%
TSPA	T. Rowe Price U.S. Equity Research ETF	Reduced	78,600	-1,879	$3,793,236	−0.8%	1.86%
VPLS	VANGUARD CORE-PLUS BOND ETF	Added	43,974	+8,786	$3,254,515	+19.2%	1.59%
TFNS	T. Rowe Price Financials ETF	Added	112,399	+73,575	$3,080,294	+188.4%	1.51%
VDE	VANGUARD ENERGY INDEX FUND	Added	16,804	+11,121	$2,892,976	+239.1%	1.42%
TBUX	T. Rowe Price Ultra Short-Term Bond ETF	Added	57,417	+3,108	$2,846,160	+5.3%	1.39%
VHT	VANGUARD HEALTH CARE INDEX FUND	Added	8,211	+868	$2,595,332	+18.2%	1.27%
FFSM	Fidelity Fundamental Small-Mid Cap ETF	Added	70,079	+2,407	$2,370,772	−8.3%	1.16%
VV	VANGUARD LARGE-CAP INDEX FUND	Reduced	5,458	-4,994	$1,920,397	−46.6%	0.94%
CMDT	PIMCO Commodity Strategy Active Exchange-Traded Fund	Added	45,974	+29,825	$1,593,458	+221.7%	0.78%
FLSP	Franklin Systematic Style Premia ETF	Added	55,518	+40,252	$1,587,814	+275.6%	0.78%
DBMF	iMGP DBI Managed Futures Strategy ETF	Added	48,643	+31,965	$1,582,356	+210.0%	0.78%
TMSL	T. Rowe Price Small-Mid Cap ETF	Reduced	37,490	-4,143	$1,525,843	−16.4%	0.75%
FBND	Fidelity Total Bond ETF	Reduced	33,528	-30,055	$1,451,762	−49.8%	0.71%
IAU	Ishares Gold Trust	Reduced	17,572	-28,024	$1,372,373	−60.1%	0.67%
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	Added	8,895	+514	$1,094,796	+9.8%	0.54%
MINO	PIMCO Municipal Income Opportunities Active Exchange-Traded Fund	Added	23,838	+2,565	$1,015,260	+4.3%	0.50%
VBK	VANGUARD SMALL-CAP GROWTH INDEX FUND	Reduced	2,789	-68	$942,207	−9.8%	0.46%
MSFT	Microsoft Corp Technology	Reduced	1,658	-189	$850,388	+23.4%	0.42%
TFLR	T. Rowe Price Floating Rate ETF	Reduced	14,283	-5	$721,291	+0.1%	0.35%
AAPL	Apple Inc. Technology	Reduced	2,054	-451	$684,023	−5.6%	0.34%
VIG	Vanguard Specialized Funds	Added	2,854	+11	$665,866	−1.0%	0.33%
FNDX	Schwab Fundamental U.S. Large Company ETF	Reduced	19,604	-301	$616,937	−0.3%	0.30%
DFAC	Dimensional U.S. Core Equity 2 ETF	NEW	12,765	NEW	$567,404	NEW	0.28%
TCAF	T. Rowe Price Capital Appreciation Equity ETF	Reduced	12,691	-6,950	$536,448	−33.5%	0.26%
FDEM	Fidelity Emerging Markets Multifactor ETF	Reduced	14,812	-463	$526,418	−5.1%	0.26%
FDVV	Fidelity High Dividend ETF	Reduced	8,248	-66,893	$500,901	−88.9%	0.25%
VB	Vanguard Index Funds	Reduced	1,745	-21	$496,435	−7.3%	0.24%
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	Reduced	3,076	-55	$477,395	−3.5%	0.23%
IWF	iShares Russell 1000 Growth ETF	Added	3,612	+3	$452,439	+1.0%	0.22%
NVDA	Nvidia Corp Technology	Added	1,761	+57	$402,177	+18.0%	0.20%
DE	Deere & Co Industrials	NEW	582	NEW	$390,842	NEW	0.19%
AMZN	Amazon Com Inc Consumer Cyclical	Added	1,545	+20	$384,936	+5.9%	0.19%
GLD	Spdr Gold Trust	Reduced	925	-118	$352,277	−8.3%	0.17%
LLY	ELI LILLY & Co Healthcare	Reduced	303	-268	$350,595	−48.8%	0.17%

Showing the top 50 of 72 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.