Latest Kelman-Lazarov, Inc. Stock Portfolio

Kelman-Lazarov, Inc. Performance:

2025 Q2: 25.18%YTD: 24.37%2024: -1.04%

Performance for 2025 Q2 is 25.18%, and YTD is 24.37%, and 2024 is -1.04%.

About Kelman-Lazarov, Inc. and 13F Hedge Fund Stock Holdings

Kelman-Lazarov, Inc. is a hedge fund based in MEMPHIS, TN. On 26-Apr-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $540.8 Millions. In it's latest 13F Holdings report, Kelman-Lazarov, Inc. reported an equity portfolio of $617.2 Millions as of 30 Jun, 2025.

The top stock holdings of Kelman-Lazarov, Inc. are FNDA, FNDA, AFK. The fund has invested 9.3% of it's portfolio in SCHWAB STRATEGIC TR and 8.8% of portfolio in SCHWAB STRATEGIC TR.

The fund managers got completely rid off MATTHEWS ASIA FDS, ISHARES INC (EMGF) and ALTRIA GROUP INC (MO) stocks. They significantly reduced their stock positions in GOLDMAN SACHS ETF TR (GBIL), UNITEDHEALTH GROUP INC (UNH) and 3M CO (MMM). Kelman-Lazarov, Inc. opened new stock positions in VANGUARD MUN BD FDS (VTEB), VANGUARD INDEX FDS (VB) and AMERICAN CENTY ETF TR (AEMB). The fund showed a lot of confidence in some stocks as they added substantially to SCHWAB STRATEGIC TR (FNDA), SPDR SERIES TRUST (BIL) and NVIDIA CORPORATION (NVDA).

Kelman-Lazarov, Inc. Annual Return Estimates Vs S&P 500

Our best estimate is that Kelman-Lazarov, Inc. made a return of 25.18% in the last quarter. In trailing 12 months, it's portfolio return was 25.52%.

New Buys

Ticker	$ Bought
vanguard mun bd fds	1,272,840
vanguard index fds	1,230,210
american centy etf tr	357,625
pimco etf tr	337,481
oracle corp	250,014
merck & co inc	219,036
broadcom inc	208,391
nushares etf tr	203,496

New stocks bought by Kelman-Lazarov, Inc.

Additions

Ticker	% Inc.
schwab strategic tr	3,877
schwab strategic tr	278
spdr series trust	135
nvidia corporation	65.46
pgim etf tr	60.57
vanguard index fds	58.92
vanguard mun bd fds	47.94
schwab strategic tr	23.31

Additions to existing portfolio by Kelman-Lazarov, Inc.

Reductions

Ticker	% Reduced
goldman sachs etf tr	-65.11
unitedhealth group inc	-42.65
goldman sachs etf tr	-42.24
3m co	-29.23
american centy etf tr	-29.16
johnson & johnson	-27.2
lauder estee cos inc	-18.45
ishares tr	-17.55

Kelman-Lazarov, Inc. reduced stake in above stock

Sold off

Ticker	$ Sold
matthews asia fds	-1,013,310
ishares inc	-272,495
ishares tr	-244,038
altria group inc	-265,649

Kelman-Lazarov, Inc. got rid off the above stocks

Sector Distribution

Kelman-Lazarov, Inc. has about 90.9% of it's holdings in Others sector.

Sector	%
Others	90.9
Utilities	4.9

Market Cap. Distribution

Kelman-Lazarov, Inc. has about 4.3% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	90.9
SMALL-CAP	4.9
MEGA-CAP	3.2
LARGE-CAP	1.1

Stocks belong to which Index?

About 9.1% of the stocks held by Kelman-Lazarov, Inc. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	90.9
RUSSELL 2000	4.9
S&P 500	4.2

Top 5 Winners (%)		%
AMPS	ishares tr	4432.1 %
NFLX	netflix inc	43.3 %
ORCL	oracle corp	40.1 %
NVDA	nvidia corporation	34.5 %
MSFT	microsoft corp	31.8 %

Top 5 Winners ($)		$
AMPS	ishares tr	134.3 M
IJR	ishares tr	1.0 M
IJR	ishares tr	1.0 M
NFLX	netflix inc	0.5 M
MSFT	microsoft corp	0.4 M

Top 5 Losers (%)		%
UNH	unitedhealth group inc	-40.3 %
PEP	pepsico inc	-11.1 %
AMGN	amgen inc	-10.3 %
XOM	exxon mobil corp	-9.4 %
MKC	mccormick & co inc	-7.9 %

Top 5 Losers ($)		$
UNH	unitedhealth group inc	-0.4 M
AAPL	apple inc	-0.2 M
AMPS	ishares tr	-0.1 M
YUM	yum brands inc	-0.1 M
PG	procter and gamble co	-0.1 M

Kelman-Lazarov, Inc. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Kelman-Lazarov, Inc.

Kelman-Lazarov, Inc. has 122 stocks in it's portfolio. About 57.3% of the portfolio is in top 10 stocks. UNH proved to be the most loss making stock for the portfolio. AMPS was the most profitable stock for Kelman-Lazarov, Inc. last quarter.

Last Reported on: 29 Jul, 2025

	Ticker	Namesorted descending	% Portfolio	Shares Held	$ Value	Type	% Change
	FNDA	schwab strategic tr	9.28	2,334,200	57,281,300	added	2.36
Historical Trend of SCHWAB STRATEGIC TR Position Held By Kelman-Lazarov, Inc. What % of Portfolio is FNDA?: Number of FNDA shares held: Change in No. of Shares Held:
	FNDA	schwab strategic tr	8.84	1,867,660	54,554,200	added	2.22

	AFK	vaneck etf trust	8.32	547,529	51,352,700	added	1.95

	GBIL	goldman sachs etf tr	6.15	957,305	37,966,700	reduced	-0.31

	GBIL	goldman sachs etf tr	4.59	233,364	28,325,700	reduced	-7.82

	AMPS	ishares tr	4.45	266,709	27,447,000	added	1.25

	BIL	spdr series trust	4.36	369,916	26,889,200	added	16.36

	FNDA	schwab strategic tr	4.14	1,046,730	25,582,000	added	3,877

	IJR	ishares tr	3.58	202,401	22,120,400	added	0.04

	BOND	pimco etf tr	3.58	239,862	22,110,500	reduced	-2.62

	AAXJ	ishares tr	3.24	213,084	20,006,400	added	2.75

	FNDA	schwab strategic tr	3.24	475,762	20,005,800	added	0.53

	FNDA	schwab strategic tr	3.23	603,420	19,918,900	added	2.44

	BIV	vanguard bd index fds	3.10	242,904	19,116,600	reduced	-0.66

	IJR	ishares tr	2.63	262,276	16,266,400	added	3.25

		berkshire hathaway inc del	2.45	31,158	15,135,600	reduced	-0.1

		2023 etf series trust ii	2.05	368,729	12,632,600	added	5.79

	BOND	pimco etf tr	2.02	470,822	12,495,600	reduced	-8.66

	FNDA	schwab strategic tr	1.43	400,453	8,850,010	added	9.94

	BOND	pimco etf tr	1.15	131,359	7,068,410	reduced	-4.03