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Valeo Financial Advisors, LLC — 13F Holdings & Portfolio

CIK 1722641 · latest 13F-HR filed 2026-10-08

Backtest portfolio

Valeo Financial Advisors, LLC manages $4.74B in 13F-reported U.S. long-equity assets across 872 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are SPY (14.39%), IJR (5.34%), IEMG (5.25%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 67 new positions and exited 44; 244 existing positions rose in reported value and 280 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.

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AUM
$4.74B

Long-equity book

Holdings
872

Distinct positions

Period
2026-09-30

Filed 2026-10-08

Q/Q Activity
+67 / −44 / ↑244 / ↓280

vs 2026-06-30

Portfolio charts

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

Portfolio map

Q3 26
SPY14.4% · -2%IJR5.3% · -2%IEMG5.3% · +3%IJH4.6% · -1%IVV4.1% · +3%AAPL3.6% · -1%PLD3.4% · -0%LLY3.2% · -0%JCPB3.0% · +6%RSP2.5% · -2%NVDA2.4% · +0%MSFT2.0% · +2%VOO1.8% · +1%IEFA1.8% · +5%FBND1.8% · +3%VGIT1.6% · -17%GOOGL1.4% · +2%AMZN1.3% · +1%EFA1.3% · -1%BRK.B1.2% · +3%PULS1.0% · +35%VEA0.9% · +4%GOOG0.8% · -1%JPM0.8% · -14%VWO0.8% · -4%IWR0.7% · +8%QQQ0.6% · -3%META0.6% · -10%IWM0.6% · -2%CAT0.6% · -2%TSLA0.5% · +7%VCSH0.5% · -51%AVGO0.5% · +8%V0.4% · +1%IWF0.4% · +0%JNJ0.4% · +1%XOM0.3% · +1%TSM0.3% · +0%VTI0.3% · -8%ABBV0.3% · +3%SPSM0.3% · -0%MU0.3% · +16%IWD0.3% · +0%WMT0.2% · +1%ORCL0.2% · +5%SCHG0.2% · +0%PG0.2% · -0%VUG0.2% · +0%MBIN0.2% · -2%MA0.2% · -1%ALK0.2% · newVV0.2% · -1%INTC0.2% · +0%XLK0.2% · +3%CVX0.2% · +2%RTX0.2% · +0%CRWD0.2% · +278%PANW0.2% · -1%JMST0.2% · +2%EMXC0.2% · +7%

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 = 49.3%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Apr 30, 2026.

Assets Under Management
$12.96B
Discretionary
$10.67B
Employees
178
Accounts
22,812
Address
10 W. CARMEL DR STE 400
CARMEL, IN 46032-3357
Phone
(317) 218-6000
Website
Name Title / Status Ownership Type
EVANS, PHILLIP, RICHARD ControlMEMBER
since May 2003
5–10%Individual
PADGETT, JUSTIN, M ControlPRESIDENT, MEMBER
since Dec 2022
5–10%Individual
Skelly, Connor, Michael ControlCHIEF COMPLIANCE OFFICER
since Sep 2024
Less than 5%Individual
TROTT, JOHN, CHARLES ControlMEMBER
since May 2003
25–50%Individual
WORTMAN, JOHN, THOMAS ControlCHIEF EXECUTIVE OFFICER, MEMBER
since May 2003
25–50%Individual
Ownership & leadership changes · 6 filings with changes since Mar 30, 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.

Mar 28, 2025 filing
  • ChangedPADGETT, JUSTIN, M · title PRESIDENT → PRESIDENT, MEMBER; ownership Less than 5% → 5–10%
Oct 18, 2024 filing
  • No longer listedFULK, GREGORY, ALAN · CHIEF COMPLIANCE OFFICER, CHIEF OPERATIONS OFFICER · Less than 5% · control person · listed since Jan 2012
  • AddedSkelly, Connor, Michael · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
May 23, 2024 filing
  • No longer listedGINN, TIMOTHY, A · MEMBER · 5–10% · control person · listed since Jul 2008
Mar 28, 2024 filing
  • ChangedFULK, GREGORY, ALAN · title CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER, CHIEF OPERATIONS OFFICER
  • ChangedWORTMAN, JOHN, THOMAS · title MEMBER → CHIEF EXECUTIVE OFFICER, MEMBER
Jul 13, 2023 filing
  • No longer listedSEARS, TODD, EDWARD · CHIEF FINANCIAL OFFICER · Less than 5% · control person · listed since Feb 2022
Mar 25, 2023 filing
  • AddedPADGETT, JUSTIN, M · PRESIDENT · Less than 5% · control person
  • AddedSEARS, TODD, EDWARD · CHIEF FINANCIAL OFFICER · Less than 5% · control person
Mar 30, 2012 filing (earliest on record)
  • ListedEVANS, PHILLIP, RICHARD · MEMBER · 5–10% · control person
  • ListedFULK, GREGORY, ALAN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ListedGINN, TIMOTHY, A · MEMBER · 5–10% · control person
  • ListedTROTT, JOHN, CHARLES · MEMBER · 25–50% · control person
  • ListedWORTMAN, JOHN, THOMAS · MEMBER · 25–50% · 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.

Valeo Financial Advisors, LLC Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 SPDR S&P 500 ETF SPY 78462F103 $682.2M 14.39% 894,574 SH
2 ISHARES S&P SMALLCAP 600 ETF IJR 464287804 $253.2M 5.34% 2,099,696 SH
3 ISHARES CORE MSCI EMERGING MKTS IEMG 46434G103 $248.9M 5.25% 3,171,483 SH
4 ISHARES CORE S&P MID CAP ETF IJH 464287507 $217.9M 4.59% 3,162,668 SH
5 ISHARES S&P 500 INDEX IVV 464287200 $194.2M 4.09% 337,847 SH
6 APPLE INC AAPL 037833100 $170.1M 3.59% 510,842 SH
7 PROLOGIS SHARE BENEFICIAL INT PLD 74340W103 $160.5M 3.38% 1,236,241 SH
8 ELI LILLY & CO COM LLY 532457108 $150.7M 3.18% 130,209 SH
9 JPMORGAN CORE PLUS BOND ETF JCPB 46641Q670 $140.1M 2.95% 3,303,877 SH
10 INVESCO S&P 500 EQUAL WEIGHT ETF RSP 46137V357 $118.8M 2.51% 571,324 SH
11 NVIDIA CORP NVDA 67066G104 $111.4M 2.35% 487,896 SH
12 MICROSOFT MSFT 594918104 $93.4M 1.97% 182,123 SH
13 VANGUARD S&P 500 ETF VOO 922908363 $86.4M 1.82% 123,253 SH
14 ISHARES CORE MSCI EAFE IEFA 46432F842 $85.0M 1.79% 1,226,784 SH
15 FIDELITY TOTAL BOND ETF FBND 316188309 $83.5M 1.76% 2,047,605 SH
16 VANGUARD INTERMEDIATE-TERM TREASURY ETF VGIT 92206C706 $76.9M 1.62% 1,437,865 SH
17 GOOGLE INC GOOGL 02079K305 $66.0M 1.39% 191,922 SH
18 AMAZON.COM INC AMZN 023135106 $63.2M 1.33% 253,626 SH
19 ISHARES MSCI EAFE ETF EFA 464287465 $62.5M 1.32% 601,118 SH
20 BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B 084670702 $56.8M 1.20% 114,022 SH
21 PGIM ULTRA SHORT BOND ETF PULS 69344A107 $45.2M 0.95% 914,811 SH
22 VANGUARD FTSE DEVELOPED MARKETS ETF VEA 921943858 $42.3M 0.89% 598,587 SH
23 ALPHABET INC CAP STK CL C GOOG 02079K107 $38.2M 0.81% 112,261 SH
24 JPMORGAN CHASE & CO COM JPM 46625H100 $37.3M 0.79% 112,777 SH
25 VANGUARD FTSE EMERGING MARKETS ETF VWO 922042858 $35.7M 0.75% 601,589 SH
26 ISHARES TR RUSSELL MIDCAP INDEX FD IWR 464287499 $30.8M 0.65% 288,923 SH
27 POWERSHARES QQQ TR QQQ 46090E103 $30.8M 0.65% 41,602 SH
28 META PLATFORMS INC CL A META 30303M102 $30.3M 0.64% 41,735 SH
29 ISHARES RUSSELL 2000 ETF IWM 464287655 $27.3M 0.58% 98,157 SH
30 CATERPILLAR INC COM CAT 149123101 $26.4M 0.56% 32,612 SH
31 TESLA MOTORS INC TSLA 88160R101 $22.0M 0.46% 61,909 SH
32 VANGUARD SHORT TERM CORP BOND FD ETF VCSH 92206C409 $21.9M 0.46% 283,265 SH
33 BROADCOM INC COM AVGO 11135F101 $21.4M 0.45% 61,022 SH
34 VISA INC V 92826C839 $19.4M 0.41% 53,982 SH
35 ISHARES RUSSELL 1000 GROWTH ETF IWF 464287614 $17.4M 0.37% 138,923 SH
36 JOHNSON & JOHNSON COM JNJ 478160104 $16.7M 0.35% 62,954 SH
37 EXXONMOBIL HOLDINGS CORP COM SHS XOM 30233Q108 $16.5M 0.35% 101,383 SH
38 TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD TSM 874039100 $14.5M 0.31% 31,783 SH
39 VANGUARD MORNINGSTAR TOTAL STOCK MARKET ETF VTI 922908769 $13.5M 0.28% 36,110 SH
40 ABBVIE INC COM ABBV 00287Y109 $12.9M 0.27% 49,261 SH
41 STATE STREET SPDR PORTFOLIO S&P 600 SMALL CAP ETF SPSM 78468R853 $12.7M 0.27% 240,369 SH
42 MICRON TECHNOLOGY MU 595112103 $12.6M 0.27% 11,851 SH
43 ISHARES RUSSELL 1000 VALUE ETF IWD 464287598 $12.1M 0.26% 48,937 SH
44 WALMART INC COM WMT 931142103 $11.6M 0.25% 111,921 SH
45 ORACLE CORPORATION ORCL 68389X105 $11.6M 0.25% 84,692 SH
46 SCHWAB US LARGE CAP GROWTH ETF SCHG 808524300 $11.5M 0.24% 333,823 SH
47 PROCTER & GAMBLE CO COM PG 742718109 $11.3M 0.24% 78,097 SH
48 VANGUARD GROWTH ETF VUG 922908736 $11.0M 0.23% 122,555 SH
49 MERCHANTS BANCORP IND COM MBIN 58844R108 $10.9M 0.23% 222,274 SH
50 MASTERCARD INC MA 57636Q104 $10.7M 0.23% 19,369 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-08 $4.74B 872 0001722641-26-000006
2026-06-30 2026-07-08 $4.74B 848 0001722641-26-000004
2026-03-31 2026-05-08 $4.18B 794 0001722641-26-000003
2025-12-31 2026-02-04 $4.50B 858 0001722641-26-000001
Filer Information
Address
10 W CARMEL DRIVE, STE 400
CARMEL, IN 46032
Phone
(317) 218-6000
Filing Manager
Valeo Financial Advisors, LLC
CARMEL, IN
Signatory
Josh Frazier
Director of Risk and Compliance