Q2 2026 13F · SEC CIK 1672067

Kelman-Lazarov, Inc.

Wealth managerFiled 2026-08-10 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $763.3M
Reported positions: 154
Top holdings a year, 3 yrs: +13.4%
Assets under management: $894.6M

Kelman-Lazarov, Inc. is a wealth manager that reported 154 positions worth $763.3M in its Q2 2026 13F, filed 2026-08-10. Its largest holdings were Schwab Strategic Tr (FNDX, 9.6%), Schwab Strategic Tr (SCHG, 8.3%), Vaneck Morningstar Wide Moat ETF (MOAT, 7.7%). A portfolio copying its top holdings returned 13.4% a year over the last 3 years, against 20.4% for the S&P 500.

Kelman-Lazarov, Inc. holdings largest 50 of 154 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Kelman-Lazarov, Inc. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
FNDXSchwab Strategic Tr	9.6%	9.5%	2,350,202	-0.9%	$73.1M
SCHGSchwab Strategic Tr	8.3%	7.8%	1,882,199	+0.6%	$63.7M
MOATVaneck Morningstar Wide Moat ETF	7.7%	7.8%	562,820	+0.3%	$58.5M
SPLGSpdr Series Trust	5.0%	4.6%	430,413	+2.2%	$37.8M
STIPIshares Tr	4.3%	4.6%	320,695	+3.0%	$32.8M
AVDEAvantis International Equity ETF	4.1%	4.3%	352,258	-0.6%	$31.4M
IJRIshares Tr	4.1%	3.8%	210,298	-0.9%	$31.2M
SCHXSchwab Strategic Tr	3.9%	3.8%	1,022,937	-0.9%	$30.1M
GSLCGoldman Sachs ETF Tr	3.7%	3.7%	198,590	-3.6%	$28.2M
BONDPimco ETF Tr	3.2%	3.5%	266,083	+1.4%	$24.5M
MBBIshares Tr	3.1%	3.4%	253,580	+1.5%	$24.0M
FNDCSchwab Strategic Tr	3.1%	3.3%	489,415	-1.5%	$23.8M
FNDESchwab Strategic Tr	3.0%	3.3%	569,914	-4.2%	$22.6M
IJHIshares Tr	2.8%	2.7%	279,751	-0.6%	$21.6M
BSVVanguard Bd Index Fds	2.8%	3.0%	276,323	+3.5%	$21.5M
GSIEGoldman Sachs ETF Tr	2.7%	2.8%	449,338	-0.9%	$20.5M
BRK-BBerkshire Hathaway Inc Del	2.1%	2.2%	31,986	-0.4%	$16.0M
QLTYGmo ETF Trust	2.1%	2.0%	380,893	+0.1%	$15.9M
PYLDPimco ETF Tr	1.7%	1.9%	489,951	-1.6%	$13.0M
SCHFSchwab Strategic Tr	1.3%	1.3%	368,873	-1.8%	$10.2M
VUGVanguard Index Fds	1.2%	1.1%	102,406	+503.8%	$8.8M
SMMUPimco	1.1%	1.2%	172,326	+7.0%	$8.7M
STPZPimco ETF Tr	0.9%	1.0%	131,408	+0.8%	$7.0M
AVEMAmerican Centy ETF Tr	0.8%	0.8%	61,225	-8.8%	$5.9M
GOOGLAlphabet Inc	0.6%	0.6%	13,416	-0.8%	$4.8M
MUNIPimco ETF Tr	0.6%	0.7%	91,059	+1.9%	$4.8M
SPYState Str Spdr S&p 500 ETF T	0.6%	0.6%	5,917	-0.1%	$4.4M
VCRMVanguard Mun Bd Fds	0.6%	0.5%	55,199	+21.6%	$4.2M
RWLInvesco Exch Traded Fd Tr II	0.5%	0.5%	32,495	-0.1%	$4.2M
VVVanguard Index Fds	0.5%	0.5%	11,986	+1.4%	$4.1M
VTEBVanguard Mun Bd Fds	0.5%	0.6%	79,932	-4.1%	$4.0M
AAPLApple Inc	0.5%	0.5%	13,643	+4.5%	$3.9M
AVDSAmerican Centy ETF Tr	0.5%	0.5%	48,834	-1.1%	$3.7M
VTVVanguard Index Fds	0.4%	0.4%	15,531	-1.6%	$3.4M
PTRBPgim ETF Tr	0.4%	0.5%	75,617	-3.7%	$3.1M
BIVVanguard Bd Index Fds	0.4%	0.4%	38,005	-0.9%	$2.9M
FNDASchwab Strategic Tr	0.3%	0.3%	67,948	-0.4%	$2.6M
VOOVanguard Index Fds	0.3%	0.2%	3,288	+16.1%	$2.3M
SCHASchwab Strategic Tr	0.3%	0.3%	62,142	-3.5%	$2.2M
MDYState Str Spdr S&p Midcap 40	0.3%	0.3%	3,014	-0.8%	$2.1M
MAMastercard Incorporated	0.3%	0.3%	3,926	-2.8%	$2.0M
SPMDSpdr Series Trust	0.2%	0.2%	28,083	-0.1%	$1.9M
IVVIshares Tr	0.2%	0.3%	2,517	-6.9%	$1.9M
AVSUAvantis Responsible U.S. Equity ETF	0.2%	0.2%	21,187	+0.6%	$1.9M
SCHMSchwab Strategic Tr	0.2%	0.2%	50,028	-0.4%	$1.8M
VIGVanguard Specialized Funds	0.2%	0.2%	7,521	-1.3%	$1.8M
IYYIshares Tr	0.2%	0.2%	8,838	-0.1%	$1.6M
DIASpdr Dow Jones Indl Average	0.2%	—	2,999	—	$1.6M
GOOGAlphabet Inc	0.2%	—	4,316	—	$1.5M
BRK-ABerkshire Hathaway Inc Del	0.2%	0.2%	2	+0.0%	$1.5M

What Kelman-Lazarov, Inc. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +14.9% /yr; S&P 500 +20.1%
3 years: +13.4% /yr; S&P 500 +20.4%
5 years: +6.8% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$763.3M	154
Q1 2026	$697.6M	140
Q4 2025	$700.3M	134
Q3 2025	$674.5M	132
Q2 2025	$617.2M	122
Q1 2025	$550.9M	116
Q4 2024	$555.5M	109
Q3 2024	$581.2M	109
Q2 2024	$536.2M	106
Q1 2024	$511.7M	104
Q4 2023	$461.9M	102
Q3 2023	$422.9M	96

Questions about Kelman-Lazarov, Inc.'s portfolio

What stocks does Kelman-Lazarov, Inc. own?

Kelman-Lazarov, Inc.'s latest 13F, for Q2 2026 and filed Aug 10, 2026, lists 154 positions worth $763.3M. The largest are Schwab Strategic Tr (FNDX) at 9.6%, Schwab Strategic Tr (SCHG) at 8.3%, Vaneck Morningstar Wide Moat ETF (MOAT) at 7.7%, Spdr Series Trust (SPLG) at 5.0% and Ishares Tr (STIP) at 4.3%.

What did Kelman-Lazarov, Inc. buy last quarter?

In Q2 2026, Kelman-Lazarov, Inc. added Vanguard Index Fds (VUG) (+503.8% shares), Vanguard Mun Bd Fds (VCRM) (+21.6% shares) and Vanguard Index Fds (VOO) (+16.1% shares), compared with its Q1 2026 filing.

What did Kelman-Lazarov, Inc. sell last quarter?

In Q2 2026, Kelman-Lazarov, Inc. cut from its top 50 Walmart Inc (WMT), cut from its top 50 Microsoft Corp (MSFT), American Centy ETF Tr (AVEM) (-8.8% shares) and Ishares Tr (IVV) (-6.9% shares), compared with its Q1 2026 filing.

How has Kelman-Lazarov, Inc.'s portfolio performed?

A portfolio copying Kelman-Lazarov, Inc.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +13.4% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +14.9% against +20.1%. Over 5 years: +6.8% a year against +11.6%.

When is Kelman-Lazarov, Inc.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Kelman-Lazarov, Inc.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Kelman-Lazarov, Inc. manage?

Kelman-Lazarov, Inc. reported $894.6M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $763.3M.