Arkolith/Funds/Zhang Financial LLC

Zhang Financial LLC

CIK 1776290
Holdings as of Mar 31, 2026·disclosed May 6, 2026·~36-day 13F lag·13F-HR
Active Filer

Zhang Financial LLC holds a focused book of 367 stocks worth $2.9B as of Q1 2026 (disclosed May 6, 2026, a ~45-day 13F lag). This quarter they opened American Express Co and trimmed Dimensional US Core Equity 2. Their largest long position is Vanguard S&P 500 ETF at 7% of the equity book. Cloning the disclosed picks since 2019 would be +130% (+12.3%/yr). That is a simulation of the disclosed long book, not audited returns.

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Use Arkolith to show Zhang Financial LLC's latest
holdings, largest changes, and filing provenance.
Opened
45
new positions
Added to
184
existing
Trimmed
84
reduced
Sold out
16
exited

Growth of $10,000: cloning the disclosed book

If you'd copied them
+129.6%
+12.3%/yr · since May '19
Their reported book
+250.0%
held from quarter-end
S&P 500
+194.1%
same window
$8K$14K$19K$24K$30KMay '19Oct '20Mar '22Aug '23Feb '25Jul '26
Zhang Financial LLC (copied at disclosure) S&P 500

The reported book (valued from quarter-end) returned +250.0%, a 120.4-point gap that is the cost of the ~45-day 13F disclosure lag a real follower can't avoid.

Growth of $10,000 cloning Zhang Financial LLC's disclosed long 13F book, rebalanced on each filing date (so it reflects the ~45-day reporting lag, no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.

Concentration

Top-heavy: focused book

Top 5 holdings
31%
Top 10 holdings
49%
Top 20 holdings
64%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

18% mapped to company sectors

ETF / fund or unclassified
82%
Information Technology
7%
Financials
4%
Health Care
3%
Industrials
2%
Consumer Discretionary
1%
Materials
0%
Energy
0%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
Trimmed / exited

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

367 positions
#SecurityValueShares% PortLast moveHistory
1Vanguard S&P
S&P 500 ETF SHS
$195.0M326.4K
6.7%
+5.0%
Added · +16K sh
2Vanguard Index FDS
TOTAL STK MKT
$180.8M563.4K
6.2%
+2.8%
Added · +16K sh
3Dimensional US
US EQUITY ETF
$179.7M2.53M
6.2%
+4.8%
Added · +116K sh
4Ishares Core
CORE S&P TTL STK
$168.3M1.18M
5.8%
+12%
Added · +130K sh
5Vanguard Star FDS
VG TL INTL STK F
$160.6M2.08M
5.6%
+11%
Added · +202K sh
6Vanguard Intermediate
INTERMED TERM
$145.9M1.89M
5.0%
+24%
Added · +370K sh
7Dimensional US
US CORE EQUITY 2
$126.8M3.26M
4.4%
−1.8%
Reduced · −58K sh
8Vanguard Intl Equity Index F
TT WRLD ST ETF
$100.1M723.9K
3.5%
+1.0%
Added · +7K sh
9Ishares Core
CORE US AGGBD ET
$89.2M898.3K
3.1%
+97%
Added · +443K sh
10Dimensional ETF Trust
INTL CORE EQT MK
$71.8M1.84M
2.5%
+1.0%
Added · +19K sh
11Vanguard Total
TOTAL BND MRKT
$66.2M899.2K
2.3%
+30%
Added · +208K sh
12Apple Inc
COM
$57.4M226.1K
2.0%
+4.3%
Added · +9K sh
13Vanguard Small
SM CP VAL ETF
$49.2M226.6K
1.7%
−0.1%
Reduced · −314 sh
14Vanguard High
HIGH DIV YLD
$48.8M329.7K
1.7%
+5.0%
Added · +16K sh
15Ishares Gold
ISHARES
$40.9M463.7K
1.4%
−2.0%
Reduced · −10K sh
16Vanguard Malvern FDS
CORE BD ETF
$40.7M525.4K
1.4%
+120%
Added · +286K sh
17Avantis Intl
INTL EQT ETF
$38.4M452.3K
1.3%
+12%
Added · +50K sh
18Bny Mellon
US LRG CP CORE
$37.9M303.4K
1.3%
−2.9%
Reduced · −9K sh
19Stryker Corp
COM
$34.1M103.8K
1.2%
−5.9%
Reduced · −7K sh
20Vanguard Short
SHRT TRM CORP BD
$32.5M410.0K
1.1%
+7.2%
Added · +27K sh
21Dimensional US
US CORE EQT MKT
$32.0M708.8K
1.1%
+5.2%
Added · +35K sh
22Microsoft Corp
COM
$27.2M73.4K
0.9%
+8.1%
Added · +6K sh
23Vanguard Growth
GROWTH ETF
$27.1M61.9K
0.9%
+22%
Added · +11K sh
24Vanguard Mid
MID CAP ETF
$27.0M94.0K
0.9%
+1.7%
Added · +2K sh
25Avantis U S
US EQT ETF
$26.9M242.2K
0.9%
+14%
Added · +29K sh
26Nvidia Corp
COM
$26.3M150.7K
0.9%
+3.7%
Added · +5K sh
27Dimensional US
US SMALL CAP VAL
$24.6M702.2K
0.9%
+11%
Added · +67K sh
28Vanguard Tax-Managed Intl FD
FTSE DEV MKT ETF
$22.8M356.2K
0.8%
+13%
Added · +42K sh
29SPDR Portfolio
PORTFOLI S&P1500
$22.4M283.3K
0.8%
+7.4%
Added · +20K sh
30Vanguard S&P
500 VAL IDX FD
$22.0M107.9K
0.8%
+4.3%
Added · +4K sh
31Avantis U S
US SML CP VALU
$19.7M178.1K
0.7%
+8.5%
Added · +14K sh
32Ishares Russell
RUS 2000 VAL ETF
$18.8M99.3K
0.7%
−0.7%
Reduced · −703 sh
33Vanguard Mega
MEGA GRWTH IND
$18.8M51.2K
0.7%
+3.9%
Added · +2K sh
34Ishares Core
CORE S&P500 ETF
$18.2M27.9K
0.6%
+8.6%
Added · +2K sh
35Alphabet Inc
CAP STK CL A
$17.7M61.6K
0.6%
+3.5%
Added · +2K sh
36Amazon Com
COM
$16.7M80.3K
0.6%
+14%
Added · +10K sh
37Schwab Strategic TR
US BRD MKT ETF
$16.7M666.4K
0.6%
+2.8%
Added · +18K sh
38SPDR S&P 500 ETF TR
TR UNIT
$16.5M25.4K
0.6%
+21%
Added · +4K sh
39Schwab Intl
INTL EQTY ETF
$14.4M582.6K
0.5%
+12%
Added · +64K sh
40Berkshire Hathaway
CL B
$12.9M27.0K
0.4%
+3.9%
Added · +1K sh
41Vanguard Value
VALUE ETF
$12.9M65.7K
0.4%
+1.5%
Added · +966 sh
42Ishares Bitcoin TR
SHS
$12.8M332.3K
0.4%
+1.6%
Added · +5K sh
43Vanguard Intl Equity Index F
FTSE EMR MKT ETF
$12.3M228.3K
0.4%
+0.1%
Added · +295 sh
44Facebook Inc
CL A
$11.6M20.3K
0.4%
+17%
Added · +3K sh
45Ishares National
NATIONAL MUN
$10.8M101.3K
0.4%
+89%
Added · +48K sh
46Micron Technology Inc
COM
$10.5M31.1K
0.4%
−8.3%
Reduced · −3K sh
47Broadcom Inc
COM
$10.3M33.4K
0.4%
+41%
Added · +10K sh
48SPDR Portfolio
PORTFOLIO S&P400
$10.2M171.9K
0.4%
−2.5%
Reduced · −4K sh
49Vanguard Instl Index FD
ULTRA-SHORT TREA
$9.3M122.7K
0.3%
+473%
Added · +101K sh
50World Gold
SPDR GLD MINIS
$9.1M97.8K
0.3%
−0.3%
Reduced · −290 sh
Showing 50 of 367 positions

Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q1 2026Mar 31, 2026May 6, 2026367$2.9B13F-HR
Q4 2025Dec 31, 2025Feb 10, 2026339$2.7B13F-HR
Q3 2025Sep 30, 2025Nov 10, 2025316$2.5B13F-HR
Q2 2025Jun 30, 2025Aug 1, 2025291$2.2B13F-HR
Q1 2025Mar 31, 2025Apr 15, 2025301$1.9B13F-HR
Q4 2024Dec 31, 2024Jan 16, 2025295$1.7B13F-HR
Q3 2024Sep 30, 2024Oct 15, 2024276$1.6B13F-HR
Q2 2024Jun 30, 2024Jul 19, 2024267$1.4B13F-HR
Q1 2024Mar 31, 2024Apr 24, 2024266$1.3B13F-HR
Q4 2023Dec 31, 2023Jan 31, 2024254$1.2B13F-HR
Q3 2023Sep 30, 2023Oct 11, 2023232$986.7M13F-HR
Q2 2023Jun 30, 2023Jul 18, 2023247$974.6M13F-HR
Q1 2023Mar 31, 2023May 11, 2023229$875.6M13F-HR
Q4 2022Dec 31, 2022May 17, 2023227$784.2M13F-HR/A
Q3 2022Sep 30, 2022Oct 18, 2022217$663.3M13F-HR
Q2 2022Jun 30, 2022Jul 14, 2022215$623.2M13F-HR
Q1 2022Mar 31, 2022Apr 21, 2022218$592.3M13F-HR
Q4 2021Dec 31, 2021Feb 10, 2022207$564.2M13F-HR
Q3 2021Sep 30, 2021Oct 20, 2021165$432.4M13F-HR
Q2 2021Jun 30, 2021Jul 26, 2021143$407.6M13F-HR
Q1 2021Mar 31, 2021Apr 21, 2021128$372.8M13F-HR
Q4 2020Dec 31, 2020Jan 20, 2021110$324.6M13F-HR
Q3 2020Sep 30, 2020Oct 13, 202097$277.5M13F-HR
Amended / restated
  • Q4 2022 · filed Jan 17, 202313F-HR · superseded

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.