Intelligent Financial Strategies

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CIK 1911000

13F portfolio (2026-Q1)

$192M

Positions

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

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As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2026-Q1)

Holdings

Top 5

67.2%

Top 10

82.0%

Effective N

7.3

HHI

0.137

This quarter

0 new · 0 exit →

By sector

Unclassified62.4%

Financials32.1%

Information Technology2.3%

Communication Services1.4%

Consumer Discretionary0.9%

Consumer Staples0.4%

Industrials0.3%

Health Care0.1%

Other0.1%

By market cap

Unknown62.4%

Mega (>$200B)36.8%

Large ($10–200B)0.8%

By region

Other62.4%

North America37.6%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	92.93%	36
Commercial Services & Supplies	1.57%	3
Technology Hardware & Equipment	1.55%	1
Software & IT Services	1.40%	1
Specialty Retail	0.74%	3
Software	0.73%	1
Food Products	0.24%	2
Road & Rail	0.23%	1
Hotels, Restaurants & Leisure	0.16%	1
Pharmaceuticals & Biotechnology	0.13%	2
Beverages	0.08%	2
Semiconductors & Semiconductor Equipment	0.06%	1
Machinery	0.05%	1
Oil, Gas & Consumable Fuels	0.05%	1
Tobacco	0.04%	1
Chemicals	0.01%	2
Insurance	0.01%	2
Banks	0.00%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	BRK.B	BERKSHIRE HATHAWAY INC	Financials	30.53%
2	VOO	VANGUARD INDEX FDS	Unclassified	12.63%
3	VT	VANGUARD INTL EQUITY INDEX F	Unclassified	11.23%
4	VTI	VANGUARD INDEX FDS	Unclassified	7.19%
5	VXUS	VANGUARD STAR FDS	Unclassified	5.65%
6	BND	VANGUARD BD INDEX FDS	Unclassified	4.73%
7	AVGE	AMERICAN CENTY ETF TR	Unclassified	2.97%
8	BRK.A	BERKSHIRE HATHAWAY INC DEL	Unclassified	2.62%
9	VIG	VANGUARD SPECIALIZED FUNDS	Unclassified	2.20%
10	IVV	ISHARES TR	Unclassified	2.20%

27/62 names classified · sector 37.6% of weight · industry 7.1% · mkt cap 37.6%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 18 quarters

FinancialsBRK.B, MA, V, AXP, PYPL · other

Information TechnologyAAPL, MSFT, ADBE, INTU, NVDA · other

Consumer StaplesHSY, BF.B, DEO, PEP, MKC · other

Consumer DiscretionaryMCD, COST, AMZN, WMT, SBUX · other

Communication ServicesGOOG, DIS, META, GOOGL

MaterialsNKE, CHD, PG, CL, CLX · other

IndustrialsUNP, RTX, CMI, MCO, SPGI · other

Health CareJNJ, IDXX, ZTS, SYK, MDT · other

UtilitiesWEC, NEE, AEE, D, LNT · other

Energy

Real Estate

UnclassifiedVOO, Berkshire Hathaway Cl B, VTI, VT, AVGE · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 37.6% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Only 7% of book weight classified — the grid is NOT representative of the whole book.

holdings, colored by sector (26 classified)Intelligent Financial Strategies centroid (Large Growth)

Information TechnologyFinancialsCommunication ServicesConsumer DiscretionaryConsumer StaplesIndustrialsHealth CareEnergyMaterials

Style box summary for Intelligent Financial Strategies: centroid Large Growth. Heaviest cells: Large Growth 6.0%, Large Core 0.4%, Large Value 0.3%.

Classified: 7.1% of book weight (26/62 names) · unclassified 92.9%: BRK.B, VOO, VT, VTI, VXUS, BND, AVGE, BRK.A, VIG, IVV +26 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 62 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	BRK.BBERKSHIRE HATHAWAY INC DEL	122,297	$59M	30.5%	TRIM −5%
2	VOOVANGUARD INDEX FDS	40,567	$24M	12.6%	TRIM −2%
3	VTVANGUARD INTL EQUITY INDEX F	155,814	$22M	11.2%	TRIM −6%
4	VTIVANGUARD INDEX FDS	42,999	$14M	7.2%	TRIM −6%
5	VXUSVANGUARD STAR FDS	140,729	$11M	5.7%	HOLD
6	BNDVANGUARD BD INDEX FDS	123,407	$9M	4.7%	HOLD
7	AVGEAMERICAN CENTY ETF TR	64,831	$6M	3.0%	HOLD
8	BRK.ABERKSHIRE HATHAWAY INC DEL	7	$5M	2.6%	HOLD
9	VIGVANGUARD SPECIALIZED FUNDS	19,635	$4M	2.2%	TRIM −10%
10	IVVISHARES TR	6,463	$4M	2.2%	HOLD
11	DFUVDIMENSIONAL ETF TRUST	83,718	$4M	2.1%	TRIM −22%
12	DFACDIMENSIONAL ETF TRUST	93,973	$4M	1.9%	HOLD
13	VCSHVANGUARD SCOTTSDALE FDS	39,037	$3M	1.6%	TRIM −4%
14	AAPLAPPLE INC	11,751	$3M	1.6%	TRIM −3%
15	GOOGALPHABET INC	9,339	$3M	1.4%	HOLD
16	MDYSPDR S&P MIDCAP 400 ETF TR	3,743	$2M	1.2%	HOLD
17	MAMASTERCARD INCORPORATED	3,219	$2M	0.8%	HOLD
18	MSFTMICROSOFT CORP	3,783	$1M	0.7%	HOLD
19	SGOVISHARES TR	13,793	$1M	0.7%	ADD 116%
20	VVISA INC	4,557	$1M	0.7%	HOLD
21	DFAXDIMENSIONAL ETF TRUST	35,705	$1M	0.6%	HOLD
22	COSTCOSTCO WHSL CORP NEW	1,156	$1M	0.6%	HOLD
23	FEGERBB FUND TRUST	20,903	$982,437	0.5%	TRIM −40%
24	SPYSTATE STR SPDR S&P 500 ETF T	1,194	$778,503	0.4%	HOLD
25	DFUSDIMENSIONAL ETF TRUST	9,115	$646,345	0.3%	HOLD
26	HSYHERSHEY CO	2,125	$441,701	0.2%	HOLD
27	UNPUNION PAC CORP	1,798	$436,186	0.2%	TRIM −29%
28	AVDEAMERICAN CENTY ETF TR	5,090	$431,814	0.2%	HOLD
29	AVDVAMERICAN CENTY ETF TR	4,271	$426,530	0.2%	HOLD
30	MCDMCDONALDS CORP	978	$303,879	0.2%	HOLD
31	VEAVANGUARD TAX-MANAGED FDS	4,621	$296,097	0.2%	HOLD
32	VXFVANGUARD INDEX FDS	1,375	$283,011	0.1%	HOLD
33	AVUVAMERICAN CENTY ETF TR	2,239	$247,333	0.1%	TRIM −65%
34	KXIISHARES TR	3,481	$233,286	0.1%	TRIM −6%
35	JNJJOHNSON & JOHNSON	934	$228,225	0.1%	HOLD
36	AMZNAMAZON COM INC	1,000	$208,270	0.1%	HOLD
37	AORISHARES TR	3,162	$203,476	0.1%	TRIM −30%
38	VEUVANGUARD INTL EQUITY INDEX F	2,619	$196,717	0.1%	ADD 6%
39	AKREPROFESIONALLY MANAGED PORTFO	2,820	$149,037	0.1%	TRIM −62%
40	VOVANGUARD INDEX FDS	498	$143,092	0.1%	HOLD
41	PEPPEPSICO INC	783	$121,668	0.1%	HOLD
42	AMATAPPLIED MATLS INC	349	$119,285	0.1%	HOLD
43	CMICUMMINS INC	195	$104,914	0.1%	HOLD
44	VVVANGUARD INDEX FDS	346	$103,404	0.1%	HOLD
45	XOMEXXON MOBIL CORP	600	$101,796	0.1%	HOLD
46	AVUSAMERICAN CENTY ETF TR	784	$87,119	0.0%	TRIM −10%
47	PMPHILIP MORRIS INTL INC	470	$78,401	0.0%	HOLD
48	FASTFASTENAL CO	1,420	$65,888	0.0%	HOLD
49	PHYSSprott Physical Gold Trust	1,518	$53,798	0.0%	HOLD
50	RSGREPUBLIC SVCS INC	166	$36,357	0.0%	HOLD
51	FNDFSCHWAB STRATEGIC TR	646	$31,609	0.0%	HOLD
52	IDXXIDEXX LABS INC	50	$28,095	0.0%	HOLD
53	KOCOCA COLA CO	319	$24,406	0.0%	HOLD
54	CLCOLGATE PALMOLIVE CO	273	$23,306	0.0%	HOLD
55	FNDASCHWAB STRATEGIC TR	580	$18,809	0.0%	HOLD
56	MOATVANECK ETF TRUST	173	$16,729	0.0%	TRIM −22%
57	MDLZMONDELEZ INTL INC	280	$16,279	0.0%	TRIM −63%
58	METMETLIFE INC	200	$14,144	0.0%	HOLD
59	IWDISHARES TR	50	$10,684	0.0%	HOLD
60	PRUPRUDENTIAL FINL INC	95	$9,281	0.0%	HOLD
61	AXPAMERICAN EXPRESS CO	25	$7,562	0.0%	HOLD
62	PGPROCTER AND GAMBLE CO	1	$144	0.0%	TRIM −99%

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed

Security

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

BRK.BBERKSHIRE HATHAWAY INC DEL

180K

181K

185K

129K

128K

122K

$59M

VOOVANGUARD INDEX FDS

59K

57K

50K

42K

41K

$24M

VTVANGUARD INTL EQUITY INDEX F

23K

61K

168K

165K

156K

$22M

VTIVANGUARD INDEX FDS

34K

19K

49K

46K

43K

$14M

VXUSVANGUARD STAR FDS

12K

19K

140K

139K

141K

$11M

BNDVANGUARD BD INDEX FDS

127K

125K

123K

$9M

AVGEAMERICAN CENTY ETF TR

69K

65K

$6M

BRK/ABERKSHIRE HATHAWAY INC DEL

$5M

VIGVANGUARD SPECIALIZED FUNDS

22K

20K

$4M

IVVISHARES TR

$4M

DFUVDIMENSIONAL ETF TRUST

115K

113K

111K

108K

107K

84K

$4M

DFACDIMENSIONAL ETF TRUST

77K

94K

$4M

VCSHVANGUARD SCOTTSDALE FDS

—

41K

39K

$3M

AAPLAPPLE INC

20K

19K

12K

$3M

GOOGALPHABET INC

13K

12K

10K

$3M

Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

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