Latest Zhang Financial LLC Stock Portfolio

$2.89Billion– No. of Holdings #365

Zhang Financial LLC Performance:

2026 Q1: -2.09%YTD: -2.09%2025: 15.47%

Performance for 2026 Q1 is -2.09%, and YTD is -2.09%, and 2025 is 15.47%.

About Zhang Financial LLC and 13F Hedge Fund Stock Holdings

On 2026-05-06, the fund reported it's updated stock portfolio. In the 13F Holdings report, Zhang Financial LLC reported an equity portfolio of $2.9 Billions as of 31 Mar, 2026.

The top stock holdings of Zhang Financial LLC are VB, VB, DFAC. The fund has invested 6.7% of it's portfolio in VANGUARD S&P and 6.2% of portfolio in VANGUARD INDEX FDS.

The fund managers got completely rid off LCI INDS (LCII), PIMCO ETF TR (BOND) and DIMENSIONAL ETF TRUST (DFAC) stocks. They significantly reduced their stock positions in ISHARES TR (DMXF), DIMENSIONAL ETF TRUST (DFAC) and ARES MANAGEMENT (ARES). Zhang Financial LLC opened new stock positions in AMERICAN EXPRESS (AXP), VANGUARD INSTL INDEX FD and CONOCOPHILLIPS (COP). The fund showed a lot of confidence in some stocks as they added substantially to ADVANCED MICRO (AMD), VANGUARD INSTL INDEX FD and WELLS FARGO (WFC).

Zhang Financial LLC Equity Portfolio Value

Last Reported on: 06 May, 2026

Zhang Financial LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Zhang Financial LLC made a return of -2.09% in the last quarter. In trailing 12 months, it's portfolio return was 15.83%.

Performance
S&P 500

New Buys

Ticker	$ Bought
american express	5,012,820
vanguard instl index fd	2,354,910
conocophillips	1,699,380
palo alto	878,715
teradyne inc	861,216
east west	842,215
unitedhealth group	841,250
j p morgan exchange traded f	838,472

New stocks bought by Zhang Financial LLC

Additions

Ticker	% Inc.
advanced micro	495
vanguard instl index fd	473
wells fargo	330
ishares tr	282
ishares tr	203
invesco s&p	182
vanguard intermediate	134
palantir technologies	123

Additions to existing portfolio by Zhang Financial LLC

Reductions

Ticker	% Reduced
ishares tr	-55.99
dimensional etf trust	-39.08
ares management	-38.27
sector financial	-35.74
apollo global	-34.67
blackrock ultra	-32.45
zoetis inc	-28.01
spdr portfolio	-27.85

Zhang Financial LLC reduced stake in above stock

Sold off

Ticker	$ Sold
dimensional etf trust	-578,040
pimco etf tr	-626,876
lci inds	-1,437,150
dimensional etf trust	-217,190
vanguard mortgage	-306,424
ishares bb	-264,211
ishares tr	-303,578
inspire med sys inc	-295,136

Zhang Financial LLC got rid off the above stocks

Sector Distribution

Zhang Financial LLC has about 85.1% of it's holdings in Others sector.

Others
Technology
Healthcare
Financial Services
Communication Services
Consumer Cyclical

Sector	%
Others	85.1
Technology	5.9
Healthcare	2.6
Financial Services	1.4
Communication Services	1.3
Consumer Cyclical	1.2

Market Cap. Distribution

Zhang Financial LLC has about 14.5% of it's portfolio invested in the large-cap and mega-cap stocks.

UNALLOCATED
MEGA-CAP
LARGE-CAP

Category	%
UNALLOCATED	85.1
MEGA-CAP	10.1
LARGE-CAP	4.4

Stocks belong to which Index?

About 14% of the stocks held by Zhang Financial LLC either belong to S&P 500 or RUSSELL 2000 index.

Others
S&P 500

Index	%
Others	85.5
S&P 500	14

Top 5 Winners (%)		%
VLO	valero energy	46.9 %
	qnity electronics inc	41.2 %
XOM	exxon mobil	40.4 %
MPC	marathon petroleum	36.1 %
	ge vernova	33.4 %

Top 5 Winners ($)		$
VXUS	vanguard star fds	3.3 M
IAU	ishares gold	3.3 M
XOM	exxon mobil	1.8 M
MU	micron technology inc	1.7 M
DFAC	dimensional etf trust	1.6 M

Top 5 Losers (%)		%
AMC	amc entertainment	-34.6 %
INTU	intuit inc	-33.7 %
	ishares ethereum tr	-29.0 %
CRM	salesforce.com inc	-27.0 %
HIVE	hive digital technologies lt	-26.4 %

Top 5 Losers ($)		$
VB	vanguard s&p	-9.4 M
DFAC	dimensional us	-8.1 M
VB	vanguard index fds	-8.0 M
MSFT	microsoft corp	-8.0 M
IJR	ishares core	-7.0 M

Zhang Financial LLC Holdings Map

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

Current Stock Holdings of Zhang Financial LLC

Zhang Financial LLC has 365 stocks in it's portfolio. About 49% of the portfolio is in top 10 stocks. VB proved to be the most loss making stock for the portfolio. VXUS was the most profitable stock for Zhang Financial LLC last quarter.

Last Reported on: 06 May, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	1.98	226,060	57,371,900	added	4.32

AAXJ	ishares national	0.37	101,343	10,757,600	added	88.87

AAXJ	ishares short	0.27	72,582	7,730,040	reduced	-2.22

AAXJ	ishares msci	0.18	71,515	5,317,130	added	1.78

AAXJ	ishares tr	0.01	6,580	374,139	new

AAXJ	ishares msci	0.00	0.00	0.00	sold off	-100

AAXJ	ishares iboxx	0.00	0.00	0.00	sold off	-100

AAXJ	ishares jpmorgan	0.00	0.00	0.00	sold off	-100

ABBV	abbvie inc	0.26	33,927	7,378,920	added	15.95

ABT	abbott laboratories	0.02	6,679	685,733	added	12.54

ACIO	etf ser solutions	0.01	5,701	240,573	added	0.62

ACWF	blackrock ultra	0.10	58,027	2,937,360	reduced	-32.45

ACWF	ishares core	0.03	12,011	842,950	reduced	-3.79

ADBE	adobe inc	0.09	11,041	2,683,910	added	121

ADI	analog devices	0.01	779	247,949	new

ADP	automatic data	0.01	1,812	368,181	new

AEMB	avantis intl	1.33	452,332	38,375,900	added	12.46

AEMB	avantis u s	0.93	242,233	26,931,500	added	13.74

AEMB	avantis u s	0.68	178,134	19,678,600	added	8.53

AEMB	american century	0.02	9,593	597,634	reduced	-6.32