Q2 2026 13F · SEC CIK 1776290

Zhang Financial LLC

Wealth managerFiled 2026-07-30 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $3.4B
Reported positions: 392
Top holdings a year, 3 yrs: +17.1%
Assets under management: $8.4B

Zhang Financial LLC is a wealth manager that reported 392 positions worth $3.4B in its Q2 2026 13F, filed 2026-07-30. Its largest holdings were Vanguard Index Fds (VOO, 6.9%), Dimensional ETF Trust (DFUS, 6.4%), Ishares Tr (ITOT, 6.0%). A portfolio copying its top holdings returned 17.1% a year over the last 3 years, against 20.4% for the S&P 500.

Zhang Financial LLC holdings largest 50 of 392 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.

Zhang Financial LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
VOOVanguard Index Fds	6.9%	6.7%	342,986	+5.1%	$235.6M
DFUSDimensional ETF Trust	6.4%	6.2%	2,660,097	+5.0%	$218.0M
ITOTIshares Tr	6.0%	5.8%	1,246,429	+5.5%	$204.8M
VTIVanguard Index Fds	5.9%	6.3%	550,162	-2.4%	$203.6M
VXUSVanguard Star Fds	5.6%	5.6%	2,246,322	+7.9%	$192.0M
BIVVanguard Bd Index Fds	4.3%	5.0%	1,914,897	+1.3%	$146.9M
DFACDimensional ETF Trust	4.2%	4.4%	3,238,499	-0.8%	$143.7M
VTVanguard Intl Equity Index F	3.4%	3.5%	739,897	+2.2%	$116.1M
AGGIshares Tr	3.2%	3.1%	1,094,000	+21.8%	$108.3M
DFAIDimensional ETF Trust	2.5%	2.5%	2,110,994	+14.5%	$87.1M
BNDVanguard Bd Index Fds	2.1%	2.3%	962,703	+7.1%	$70.7M
AAPLApple Inc	1.9%	2.0%	229,050	+1.3%	$66.3M
VCRBVanguard Malvern Fds	1.6%	1.4%	727,196	+38.4%	$56.2M
VBRVanguard Index Fds	1.6%	1.7%	226,097	-0.2%	$54.9M
VYMVanguard Whitehall Fds	1.6%	1.7%	343,695	+4.3%	$54.3M
AVDEAvantis International Equity ETF	1.2%	1.3%	475,617	+5.1%	$42.4M
BKLCBNY Mellon ETF TR US Large Cap Core Equi	1.2%	1.3%	290,869	-4.1%	$41.7M
DFAUDimensional ETF Trust	1.0%	1.1%	688,300	-2.9%	$35.6M
IAUIshares Gold Tr	1.0%	1.4%	467,941	+0.9%	$35.3M
VUGVanguard Index Fds	1.0%	0.9%	393,248	+534.8%	$33.9M
AVUSAvantis U.S. Equity ETF	1.0%	0.9%	259,250	+7.0%	$33.2M
SYKStryker Corporation	1.0%	1.2%	103,679	-0.1%	$32.6M
NVDANvidia Corporation	1.0%	0.9%	162,963	+8.1%	$32.6M
VEAVanguard Ftse Developed Markets Index Fu	1.0%	0.8%	457,396	+28.4%	$32.6M
VCSHVanguard Scottsdale Fds	0.9%	1.1%	396,363	-3.3%	$31.3M
MUMicron Technology Inc	0.9%	0.4%	26,652	-14.3%	$30.8M
VOVanguard Index Fds	0.9%	0.9%	376,125	+300.3%	$30.3M
DFSVDimensional US Small Cap	0.8%	0.9%	750,732	+6.9%	$29.1M
MSFTMicrosoft Corp	0.8%	0.9%	76,072	+3.6%	$28.4M
VOOVVanguard Admiral Fds Inc	0.8%	0.8%	124,151	+15.1%	$27.2M
AVUVAmerican Centy ETF Tr	0.7%	0.7%	196,622	+10.4%	$24.5M
MGKVanguard World Fd	0.7%	0.7%	269,582	+426.4%	$23.7M
VONEVanguard Scottsdale Fds	0.7%	—	69,623	—	$23.6M
SPTMSpdr Series Trust	0.7%	0.8%	257,479	-9.1%	$23.4M
GOOGLAlphabet Inc	0.7%	0.6%	63,201	+2.6%	$22.6M
VONVVanguard Scottsdale Fds	0.6%	—	208,518	—	$22.2M
AMZNAmazon Com Inc	0.6%	0.6%	90,935	+13.2%	$21.7M
IWNIshares Tr	0.6%	0.7%	97,906	-1.4%	$21.7M
VONGVanguard Scottsdale Fds	0.6%	—	163,754	—	$20.9M
SPYState Str Spdr S&p 500 ETF T	0.6%	0.6%	25,876	+1.7%	$19.3M
IVVIshares Tr	0.6%	0.6%	25,602	-8.2%	$19.2M
SCHBSchwab Strategic Tr	0.6%	0.6%	660,423	-0.9%	$19.1M
MUBIshares Tr	0.5%	0.4%	154,233	+52.2%	$16.6M
SCHFSchwab Strategic Tr	0.5%	0.5%	572,438	-1.7%	$15.9M
VWOVanguard Intl Equity Index F	0.4%	0.4%	252,161	+10.5%	$15.1M
VTVVanguard Index Fds	0.4%	0.4%	66,394	+1.0%	$14.5M
BRK-BBerkshire Hathaway Inc Del	0.4%	0.4%	25,978	-3.6%	$13.0M
KLACKla Corp	0.4%	—	42,890	—	$12.9M
AVGOBroadcom Inc	0.4%	0.4%	34,033	+1.9%	$12.9M
METAMeta Platforms Inc	0.4%	0.4%	22,042	+8.7%	$12.4M

What Zhang Financial LLC bought and sold in Q2 2026, against Q1 2026.

New positions

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

Added to

VUG Vanguard Index Fds+534.8% shares
MGK Vanguard World Fd+426.4% shares
VO Vanguard Index Fds+300.3% shares
MUB Ishares Tr+52.2% shares
VCRB Vanguard Malvern Fds+38.4% shares
VEA Vanguard Ftse Developed Markets Index Fu+28.4% shares
AGG Ishares Tr+21.8% shares
VOOV Vanguard Admiral Fds Inc+15.1% shares

Reduced

Left the top 50

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: +16.6% /yr; S&P 500 +20.1%
3 years: +17.1% /yr; S&P 500 +20.4%
5 years: +9.5% /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	$3.4B	392
Q1 2026	$2.9B	367
Q4 2025	$2.7B	339
Q3 2025	$2.5B	316
Q2 2025	$2.2B	291
Q1 2025	$1.9B	301
Q4 2024	$1.7B	295
Q3 2024	$1.6B	276
Q2 2024	$1.4B	267
Q1 2024	$1.3B	266
Q4 2023	$1.2B	254
Q3 2023	$986.7M	232

Questions about Zhang Financial LLC's portfolio

What stocks does Zhang Financial LLC own?

Zhang Financial LLC's latest 13F, for Q2 2026 and filed Jul 30, 2026, lists 392 positions worth $3.4B. The largest are Vanguard Index Fds (VOO) at 6.9%, Dimensional ETF Trust (DFUS) at 6.4%, Ishares Tr (ITOT) at 6.0%, Vanguard Index Fds (VTI) at 5.9% and Vanguard Star Fds (VXUS) at 5.6%.

What did Zhang Financial LLC buy last quarter?

In Q2 2026, Zhang Financial LLC added Vanguard Index Fds (VUG) (+534.8% shares), Vanguard World Fd (MGK) (+426.4% shares) and Vanguard Index Fds (VO) (+300.3% shares), compared with its Q1 2026 filing.

What did Zhang Financial LLC sell last quarter?

In Q2 2026, Zhang Financial LLC cut from its top 50 Ishares Bitcoin Trust ETF (IBIT), cut from its top 50 Spdr Series Trust (SPMD), cut from its top 50 Vanguard Instl Index Fd (VGUS), cut from its top 50 World Gold Tr (GLDM), Micron Technology Inc (MU) (-14.3% shares), Spdr Series Trust (SPTM) (-9.1% shares) and Ishares Tr (IVV) (-8.2% shares), compared with its Q1 2026 filing.

How has Zhang Financial LLC's portfolio performed?

A portfolio copying Zhang Financial LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +17.1% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +16.6% against +20.1%. Over 5 years: +9.5% a year against +11.6%.

When is Zhang Financial LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Zhang Financial LLC'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 Zhang Financial LLC manage?

Zhang Financial LLC reported $8.4B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $3.4B.