SHERMAN PORFOLIOS, LLC

Registered adviser

CIK

2096483

Location

COEUR D'ALENE, ID

Portfolio Value

Mid $1,408,444,406

Diversification

Highly concentrated

Filing Date

Global Rank

#1,960 / 8,811 ▲ 989

Top Industry

Semiconductors 14.2%

3Y Alpha vs SPY

+1.9%

Period ended 4 months ago

Filed Aug 12, 2026 · 2mo

6 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 322728

Roster of Oct 1, 2026

Regulatory AUM

$1,558,055,845

Main clients

Individuals and high net worth (100% 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	$1,558,055,845	Individuals and high net worth (100%)
Apr 2025 to Mar 2026	$581,584,938	Individuals and high net worth (100%)
Feb 2025 to Mar 2025	$433,981,002	Other investment advisers (100%)
Dec 2024 to Jan 2025	$1,602,160,140	Other investment advisers (100%)
Mar 2024 to Nov 2024	$202,505,546	Other investment advisers (100%)
Dec 2023 to Feb 2024	$122,918,195	Other investment advisers (100%)

3 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 82.1% of the book (60%+)

Turnover

Medium turnover

40.5% over the last four quarters (30% to under 100%)

Horizon

Short horizon

Value-weighted holding period 3.2 quarters (under 4)

Closest benchmark: every 13F filer's combined book, active share 86.0%; sector active share 71.9% against the combined 13F book's sector weights.

Over time 6 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

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

Top Position

58.3%

+42.3 pts

Top 5

77.9%

+24.6 pts

Top 10

82.1%

+21.4 pts

HHI

3,514

Highly concentrated+2,790

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	81.3%	$1,144,684,897	34
Technology	5.0%	$70,638,511	14
Healthcare	3.4%	$47,316,589	10
Financial Services	2.3%	$31,989,152	8
Energy	2.1%	$28,975,420	5
Consumer Defensive	1.5%	$21,187,642	5
Consumer Cyclical	1.3%	$18,659,814	5
Communication Services	1.3%	$18,037,344	4
Utilities	0.8%	$11,361,898	3
Industrials	0.7%	$10,268,498	6
Real Estate	0.3%	$4,725,700	1
Basic Materials	0.0%	$598,941	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SCHX	Schwab U.S. Large-Cap ETF	−56,267	1,309,369	$38,534,729
SCHF	Schwab International Equity ETF	−48,821	1,137,902	$31,519,885
IJK	iShares S&P Mid-Cap 400 Growth ETF	−38,698	2,217,617	$260,569,997
IJS	iShares S&P Small-Cap 600 Value ETF	−34,055	1,906,412	$260,568,392
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	−22,550	422,886	$31,044,061
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	−21,822	575,117	$30,544,463
IWM	iShares Russell 2000 ETF	−16,207	904,461	$271,745,307
BIV	Vanguard Bond Index Funds	−13,068	496,303	$38,066,440
IEF	iShares 7-10 Year Treasury Bond ETF	−11,051	147,572	$13,955,884
IYZ	iShares U.S. Telecommunications ETF	−8,023	5,814	$245,990
BPRE	Bluerock Private Real Estate Fund	−8,000	219,883	$2,860,677
SCHE	Schwab Emerging Markets Equity ETF	−7,813	151,319	$5,486,826
XLRE	State Street(R) Real Estate Select Sector SPDR(R) ETF	−5,141	101,235	$4,457,377
DFAS	Dimensional U.S. Small Cap ETF	−5,003	79,900	$6,578,966
SCHB	Schwab U.S. Broad Market ETF	−4,665	237,535	$6,879,013
SCHD	Schwab U.S. Dividend Equity ETF	−4,518	207,724	$6,586,928
EEM	iShares MSCI Emerging Markets ETF	−3,636	59,452	$4,067,111
SCHO	Schwab Short-Term U.S. Treasury ETF	−3,499	111,927	$2,701,917
GLD	Spdr Gold Trust	−3,258	215,495	$79,384,048
SPMD	State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF	−2,099	96,433	$6,515,013
IVW	iShares S&P 500 Growth ETF	−1,773	26,946	$3,705,883
IYM	iShares U.S. Basic Materials ETF	−1,202	3,886	$697,653
DXCM	Dexcom Inc	−1,116	53,078	$3,574,803
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	−991	107,643	$5,641,569
COP	Conocophillips	−851	79,821	$8,298,191
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
IYW	iShares, Inc.	1,587	$287,913
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

97 tracked positions · $1,408,444,406 total · filing declares 97 positions · $1,277,169,757 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 97 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
IWM	iShares Russell 2000 ETF	Reduced	904,461	-16,207	$271,745,307	—	3	unpriced	19.29%
IJK	iShares S&P Mid-Cap 400 Growth ETF	Reduced	2,217,617	-38,698	$260,569,997	—	2	unpriced	18.50%
IJS	iShares S&P Small-Cap 600 Value ETF	Reduced	1,906,412	-34,055	$260,568,392	—	2	unpriced	18.50%
GLD	Spdr Gold Trust	Reduced	215,495	-3,258	$79,384,048	−15.7%	7	before history	5.64%
SCHX	Schwab U.S. Large-Cap ETF	Reduced	1,309,369	-56,267	$38,534,729	+10.1%	5	before history	2.74%
BIV	Vanguard Bond Index Funds	Reduced	496,303	-13,068	$38,066,440	−3.2%	3	$78.16	2.70%
SCHF	Schwab International Equity ETF	Reduced	1,137,902	-48,821	$31,519,885	+7.3%	5	before history	2.24%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Reduced	422,886	-22,550	$31,044,061	−5.4%	7	before history	2.20%
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	Reduced	575,117	-21,822	$30,544,463	−16.5%	5	before history	2.17%
SPY	Spdr S&P 500 ETF Trust	Reduced	31,865	-377	$23,795,826	+13.5%	7	before history	1.69%
IEF	iShares 7-10 Year Treasury Bond ETF	Reduced	147,572	-11,051	$13,955,884	—	2	unpriced	0.99%
QCOM	Qualcomm Inc Technology	Reduced	54,373	-659	$10,047,586	+41.8%	3	$167.55	0.71%
TXN	Texas Instruments Inc Technology	Reduced	28,388	-166	$8,461,611	+52.6%	3	$173.64	0.60%
COP	Conocophillips Energy	Reduced	79,821	-851	$8,298,191	−22.1%	3	$98.48	0.59%
MSFT	Microsoft Corp Technology	Reduced	21,698	-248	$8,093,787	−0.4%	5	before history	0.57%
XOM	ExxonMobil Holdings Corp Energy	Reduced	58,918	-233	$8,055,268	−19.7%	3	$123.80	0.57%
C	Citigroup Inc Financial Services	Reduced	54,166	-288	$7,581,073	+22.8%	3	$104.23	0.54%
PANW	Palo Alto Networks Inc Technology	Reduced	21,607	-472	$7,368,419	+108.2%	2	$168.00	0.52%
MRK	Merck & Co., Inc. Healthcare	Reduced	56,676	-328	$7,282,866	+6.2%	3	$94.77	0.52%
AAPL	Apple Inc. Technology	Held	24,299	0	$7,031,158	+14.0%	3	$262.09	0.50%
ABBV	AbbVie Inc. Healthcare	Reduced	27,808	-134	$6,997,605	+15.1%	3	$227.43	0.50%
SCHB	Schwab U.S. Broad Market ETF	Reduced	237,535	-4,665	$6,879,013	+13.2%	3	$26.03	0.49%
PSX	Phillips 66 Energy	Reduced	40,371	-201	$6,824,717	−7.7%	3	$135.32	0.48%
AVGO	Broadcom Inc. Technology	Reduced	17,865	-207	$6,748,503	+20.6%	5	before history	0.48%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	20,417	-101	$6,683,096	+10.7%	3	$309.20	0.47%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	13,826	-270	$6,602,882	+38.6%	4	$291.51	0.47%
SCHD	Schwab U.S. Dividend Equity ETF	Reduced	207,724	-4,518	$6,586,928	+1.2%	3	$27.19	0.47%
DFAS	Dimensional U.S. Small Cap ETF	Reduced	79,900	-5,003	$6,578,966	+8.9%	4	$69.28	0.47%
SPMD	State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF	Reduced	96,433	-2,099	$6,515,013	+11.7%	3	$57.44	0.46%
AZN	Astrazeneca PLC Healthcare	Reduced	33,173	-170	$6,290,264	−4.3%	2	unpriced	0.45%
AMGN	Amgen Inc Healthcare	Reduced	17,242	-97	$6,243,673	+2.3%	3	$320.09	0.44%
KMB	Kimberly Clark Corp Consumer Defensive	Reduced	52,561	-293	$5,769,620	+13.2%	3	$107.66	0.41%
MET	Metlife Inc Financial Services	Reduced	67,120	-383	$5,679,023	+19.0%	3	$78.63	0.40%
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	Reduced	107,643	-991	$5,641,569	—	3	unpriced	0.40%
SO	Southern Co Utilities	Reduced	58,431	-332	$5,592,431	−1.4%	2	$92.50	0.40%
VZ	Verizon Communications Inc Communication Services	Reduced	130,558	-754	$5,527,825	−16.1%	2	$46.35	0.39%
DUK	Duke Energy CORP Utilities	Reduced	43,354	-249	$5,487,749	−3.9%	2	$125.02	0.39%
SCHE	Schwab Emerging Markets Equity ETF	Reduced	151,319	-7,813	$5,486,826	+4.6%	3	$33.47	0.39%
CVX	Chevron Corp Energy	Reduced	33,020	-178	$5,473,395	−20.3%	3	$153.18	0.39%
WM	Waste Management Inc Industrials	Reduced	24,494	-124	$5,459,222	−3.5%	3	$214.47	0.39%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	10,458	-180	$5,233,078	+2.7%	3	$497.23	0.37%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	34,791	-188	$5,101,752	+1.0%	3	$147.45	0.36%
ELV	Elevance Health, Inc. Healthcare	Reduced	13,017	-275	$5,034,064	+29.4%	3	$337.05	0.36%
PEP	Pepsico Inc Consumer Defensive	Reduced	37,081	-202	$5,020,767	−13.3%	7	before history	0.36%
GPC	Genuine Parts Co Consumer Cyclical	Reduced	41,937	-222	$4,947,727	+11.0%	3	$128.68	0.35%
OMC	Omnicom Group Inc. Communication Services	Reduced	67,047	-359	$4,883,033	−3.8%	3	$76.54	0.35%
IP	International Paper Co Consumer Cyclical	Reduced	128,121	-680	$4,881,410	+6.2%	3	$41.17	0.35%
UL	Unilever PLC Consumer Defensive	Reduced	79,194	-415	$4,761,143	+5.0%	3	unpriced	0.34%
AMT	American Tower Corp Real Estate	Reduced	28,891	-165	$4,725,700	−5.8%	2	$179.93	0.34%
ADP	Automatic Data Processing Inc Technology	Reduced	21,073	-110	$4,719,298	+9.7%	3	$258.76	0.34%

Showing the top 50 of 97 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.