FINANCIAL CONSULATE, INC — 13F Holdings & Portfolio

CIK 1624510 · latest 13F-HR filed 2026-10-23

FINANCIAL CONSULATE, INC manages $898.8M in 13F-reported U.S. long-equity assets across 1,896 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are SCHX (17.47%), DUHP (9.77%), MFDX (7.80%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 549 new positions and exited 102; 490 existing positions rose in reported value and 568 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

AUM

$898.8M

Long-equity book

Holdings

1,896

Distinct positions

Period

2026-09-30

Filed 2026-10-23

Q/Q Activity

+549 / −102 / ↑490 / ↓568

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26

SCHX17.5% · -1%DUHP9.8% · -1%MFDX7.8% · -14%SCHF5.9% · +1%DIHP4.9% · -0%SHV4.3% · +2%VTIP4.1% · +1%DFAS3.7% · -1%FNDB3.7% · -0%SHY3.0% · +2%AAPL2.8% · -0%FLQM2.4% · -0%PULS2.4% · +1%FNDE2.2% · +1%TCAF2.1% · -1%MFUS2.0% · new SCHD1.5% · +0%FNDF1.5% · -2%GMF1.2% · -1%MKC0.9% · -0%NVDA0.7% · -1%TXG0.7% · -47%VOO0.5% · -3%MSFT0.5% · -0%PATK0.4% · 0%SCHB0.4% · -4%DFAT0.3% · +3%IVV0.3% · -3%AMZN0.3% · -1%PNC0.3% · 0%GOOG0.3% · +1%SPGM0.2% · -3%GOOGL0.2% · -14%VGT0.2% · -9%CAT0.2% · -2%LMT0.2% · -2%HPE0.2% · -7%SCHG0.2% · -19%LLY0.2% · +1%RTX0.2% · +1%JPM0.1% · +0%XOM0.1% · +1%ITOT0.1% · 0%MA0.1% · -3%XCNY0.1% · -0%MRK0.1% · +5%SMCI0.1% · +50290%COST0.1% · +2%MU0.1% · +3%SCHW0.1% · +0%MGPI0.1% · 0%FAST0.1% · -0%PG0.1% · -6%TSLA0.1% · -8%SRPT0.1% · 0%BXMT0.1% · 0%BRK.B0.1% · -12%UPS0.1% · -0%SCHA0.1% · +0%CEG0.1% · -1%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 64.6%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Aug 13, 2026.

Assets Under Management

$1.10B

Discretionary

$1.10B

Employees

Accounts

3,375

Address

11019 MCCORMICK ROAD
SUITE 200
HUNT VALLEY, MD 21031

Phone

(410) 823-7283

Website

www.facebook.com/financialconsulate
www.youtube.com/@thefinancialconsulate1651
WWW.FINANCIALCONSULATE.COM

Name	Title / Status	Ownership	Type
BENDER, CHARLES, B Control	CHIEF FINANCIAL OFFICER since May 2006	5–10%	Individual
MCCARTHY, MICHAEL, PATRICK Control	CHIEF EXECUTIVE OFFICER, PRESIDENT, AND CHIEF COMPLIANCE OFFICER since Aug 2020	Less than 5%	Individual
O'SHEA, CHRISTOPHER, JOHN Control	CHIEF INVESTMENT OFFICER since Jan 2019	Less than 5%	Individual
TIGNANELLI, ANDREW, VINCENT Control	FOUNDER AND CHAIRMAN since Aug 2020	75% or more	Individual

Ownership & leadership changes · 5 filings with changes since Mar 13, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Aug 13, 2020 filing

ChangedMCCARTHY, MICHAEL, PATRICK · title CHIEF OPERATING OFFICER / CHIEF COMPLIANCE OFFICER → CHIEF EXECUTIVE OFFICER, PRESIDENT, AND CHIEF COMPLIANCE OFFICER
ChangedTIGNANELLI, ANDREW, VINCENT · title PRESIDENT → FOUNDER AND CHAIRMAN

Jun 19, 2020 filing

AddedO'SHEA, CHRISTOPHER, JOHN · CHIEF INVESTMENT OFFICER · Less than 5% · control person
ChangedBENDER, CHARLES, B · ownership Less than 5% → 5–10%

Mar 28, 2019 filing

No longer listedBONVISSUTO, THOMAS, VINCENT · CHIEF INVESTMENT OFFICER · Less than 5% · control person · listed since Sep 2013

Jan 5, 2015 filing

ChangedBONVISSUTO, THOMAS, VINCENT · title DIRECTOR OF INVESTMENT RESEARCH → CHIEF INVESTMENT OFFICER

Mar 31, 2014 filing

No longer listedMAURER, TIMOTHY, JAMES · VICE PRESIDENT · Less than 5% · control person · listed since Jan 2007
AddedBONVISSUTO, THOMAS, VINCENT · DIRECTOR OF INVESTMENT RESEARCH · Less than 5% · control person

Mar 13, 2012 filing (earliest on record)

ListedBENDER, CHARLES, B · CHIEF FINANCIAL OFFICER · Less than 5% · control person
ListedMAURER, TIMOTHY, JAMES · VICE PRESIDENT · Less than 5% · control person
ListedMCCARTHY, MICHAEL, PATRICK · CHIEF OPERATING OFFICER / CHIEF COMPLIANCE OFFICER · Less than 5% · control person
ListedTIGNANELLI, ANDREW, VINCENT · PRESIDENT · 75% or more · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

APPLE INC$3.2M +14.8%
10X GENOMICS INC$1.2M +25.4%
SCHWAB STRATEGIC TR$1.2M +6.2%
MICROSOFT CORP$1.1M +37.4%
NVIDIA CORPORATION$752.1K +13.0%

Show all 490 →

Top Trims

DIMENSIONAL ETF TRUST-$2.4M -6.8%
PATRICK INDS INC-$1.2M -24.5%
MCCORMICK & CO INC-$734.2K -8.1%
CATERPILLAR INC-$631.2K -25.4%
ALPHABET INC-$437.0K -16.8%

Show all 568 →

New Positions

Show all 549 →

Exited Positions

Show all 102 →

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#	Issuer	Symbol	CUSIP	Value	Δ

FINANCIAL CONSULATE, INC Holdings (2026-09-30)

#	Issuer	Symbol	CUSIP	Value	Weight	Shares	Type
1	SCHWAB STRATEGIC TR	SCHX	808524201	$157.0M	17.47%	5,233,659	SH
2	DFA INVT DIMENSIONS GROUP IN	DUHP	25239Y196	$87.8M	9.77%	2,094,789	SH
3	PIMCO EQUITY SER	MFDX	72202L371	$70.2M	7.80%	1,694,433	SH
4	SCHWAB STRATEGIC TR	SCHF	808524805	$53.1M	5.91%	1,933,944	SH
5	DIMENSIONAL ETF TRUST	DIHP	25434V765	$43.8M	4.87%	1,299,895	SH
6	ISHARES TR	SHV	464288679	$39.0M	4.34%	353,376	SH
7	VANGUARD MALVERN FDS	VTIP	922020805	$36.9M	4.10%	749,383	SH
8	DIMENSIONAL ETF TRUST	DFAS	25434V500	$33.2M	3.70%	429,447	SH
9	SCHWAB STRATEGIC TR	FNDB	808524789	$32.9M	3.66%	1,074,915	SH
10	ISHARES TR	SHY	464287457	$27.1M	3.01%	333,525	SH
11	APPLE INC	AAPL	037833100	$25.2M	2.81%	75,807	SH
12	FRANKLIN TEMPLETON ETF TR	FLQM	35473P884	$21.7M	2.41%	377,402	SH
13	PGIM ETF TR	PULS	69344A107	$21.4M	2.38%	432,483	SH
14	SCHWAB STRATEGIC TR	FNDE	808524730	$20.0M	2.22%	476,682	SH
15	T ROWE PRICE EXCHANGE-TRADED	TCAF	87283Q867	$19.1M	2.12%	450,952	SH
16	PIMCO EQUITY SER	MFUS	72202L363	$17.6M	1.96%	272,172	SH
17	SCHWAB STRATEGIC TR	SCHD	808524797	$13.9M	1.55%	427,048	SH
18	SCHWAB STRATEGIC TR	FNDF	808524755	$13.1M	1.45%	243,215	SH
19	SPDR INDEX SHS FDS	GMF	78463X301	$10.4M	1.16%	66,602	SH
20	MCCORMICK & CO INC	MKC	579780206	$8.3M	0.93%	179,810	SH
21	NVIDIA CORPORATION	NVDA	67066G104	$6.5M	0.73%	28,576	SH
22	10X GENOMICS INC	TXG	88025U109	$6.1M	0.68%	67,239	SH
23	VANGUARD INDEX FDS	VOO	922908363	$4.3M	0.48%	6,200	SH
24	MICROSOFT CORP	MSFT	594918104	$4.1M	0.46%	8,012	SH
25	PATRICK INDS INC	PATK	703343103	$3.6M	0.40%	52,648	SH
26	SCHWAB STRATEGIC TR	SCHB	808524102	$3.2M	0.36%	109,971	SH
27	DIMENSIONAL ETF TRUST	DFAT	25434V609	$3.0M	0.34%	45,387	SH
28	ISHARES TR	IVV	464287200	$2.9M	0.32%	3,807	SH
29	AMAZON COM INC	AMZN	023135106	$2.8M	0.31%	11,304	SH
30	PNC FINL SVCS GROUP INC	PNC	693475105	$2.7M	0.31%	12,369	SH
31	ALPHABET INC	GOOG	02079K107	$2.7M	0.30%	7,799	SH
32	SPDR INDEX SHS FDS	SPGM	78463X475	$2.2M	0.24%	25,308	SH
33	ALPHABET INC	GOOGL	02079K305	$2.2M	0.24%	6,269	SH
34	VANGUARD WORLD FD	VGT	92204A702	$1.9M	0.21%	15,049	SH
35	CATERPILLAR INC	CAT	149123101	$1.9M	0.21%	2,288	SH
36	LOCKHEED MARTIN CORP	LMT	539830109	$1.7M	0.19%	3,277	SH
37	HEWLETT PACKARD ENTERPRISE C	HPE	42824C109	$1.6M	0.17%	24,476	SH
38	SCHWAB STRATEGIC TR	SCHG	808524300	$1.6M	0.17%	43,219	SH
39	ELI LILLY & CO	LLY	532457108	$1.4M	0.16%	1,249	SH
40	RTX CORPORATION	RTX	75513E101	$1.4M	0.15%	7,391	SH
41	JPMORGAN CHASE & CO	JPM	46625H100	$1.3M	0.15%	4,068	SH
42	EXXONMOBIL HOLDINGS CORP	XOM	30233Q108	$1.3M	0.14%	7,809	SH
43	ISHARES TR	ITOT	464287150	$1.2M	0.13%	7,290	SH
44	MASTERCARD INCORPORATED	MA	57636Q104	$1.2M	0.13%	2,172	SH
45	SPDR INDEX SHS FDS	XCNY	78463X848	$1.2M	0.13%	29,577	SH
46	MERCK & CO INC	MRK	58933Y105	$1.2M	0.13%	7,974	SH
47	COSTCO WHOLESALE CORPORATION	COST	22160K105	$1.1M	0.13%	1,258	SH
48	MICRON TECHNOLOGY INC	MU	595112103	$1.1M	0.13%	1,072	SH
49	SUPER MICRO COMPUTER INC	SMCI	86800UAB0	$1.1M	0.12%	1,101,000	SH
50	CHARLES SCHWAB CORP (THE)	SCHW	808513105	$1.1M	0.12%	11,018	SH

Filing History

Period	Filed	AUM	Holdings	Accession
2026-09-30	2026-10-23	$898.8M	1,896	0001624510-26-000007
2026-06-30	2026-07-23	$898.5M	1,449	0001624510-26-000004
2026-03-31	2026-04-21	$802.6M	1,402	0001624510-26-000003
2025-12-31	2026-01-22	$731.4M	1,339	0001624510-26-000001

Filer Information

Address

11019 MCCORMICK ROAD
SUITE 200
HUNT VALLEY, MD 21031

Phone

(410) 823-7283

Filing Manager

FINANCIAL CONSULATE, INC

HUNT VALLEY, MD

Signatory

Michael McCarthy

CEO, President, and CCO