Black Diamond Financial, LLC — 13F Holdings & Portfolio
CIK 1759236 · latest 13F-HR filed 2026-05-05
Black Diamond Financial, LLC manages $916.5M in 13F-reported U.S. long-equity assets across 185 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are MGV (11.66%), MGK (8.36%), AGG (4.87%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 20 new positions, exited 11, added to 59, and trimmed 59.
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.
$916.5M
Long-equity book
185
Distinct positions
2026-03-31
Filed 2026-05-05
+20 / −11 / ↑59 / ↓59
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- LINDBLAD EXPEDITIONS HLDGS I$3.1M +20.0%
- SCHWAB STRATEGIC TR$2.6M +6.4%
- FIDELITY COVINGTON TRUST$2.0M +10.0%
- ISHARES TR$1.9M +11.6%
- SCHWAB STRATEGIC TR$1.7M +6.4%
Top Trims
- VANGUARD INDEX FDS-$15.2M -33.9%
- VANGUARD WORLD FD-$14.3M -15.8%
- VANGUARD INDEX FDS-$8.1M -31.4%
- ISHARES TR-$2.0M -17.1%
- VANGUARD INDEX FDS-$1.9M -8.3%
New Positions
- INVESCO QQQ TR$5.0M
- PLANET LABS PBC$2.2M
- SPROTT ASSET MANAGEMENT LP$1.5M
- SPROTT ASSET MANAGEMENT LP$930.2K
- RTX CORPORATION$598.8K
Exited Positions
- SPDR SERIES TRUST$6.4M
- DIMENSIONAL ETF TRUST$4.4M
- VANECK ETF TRUST$792.3K
- SPDR SERIES TRUST$468.0K
- SOUTHSTATE BK CORP$442.7K
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 | VANGUARD WORLD FD | MGV | 921910840 | $106.9M | 11.66% | 737,261 | SH |
| 2 | VANGUARD WORLD FD | MGK | 921910816 | $76.6M | 8.36% | 208,474 | SH |
| 3 | ISHARES TR | AGG | 464287226 | $44.6M | 4.87% | 449,571 | SH |
| 4 | SCHWAB STRATEGIC TR | SCHV | 808524409 | $43.0M | 4.70% | 1,411,012 | SH |
| 5 | SPDR SERIES TRUST | SPTI | 78464A672 | $42.6M | 4.65% | 1,487,097 | SH |
| 6 | SCHWAB STRATEGIC TR | SCHG | 808524300 | $36.7M | 4.01% | 1,260,173 | SH |
| 7 | VANGUARD INDEX FDS | VUG | 922908736 | $29.6M | 3.23% | 67,870 | SH |
| 8 | SCHWAB STRATEGIC TR | SCHF | 808524805 | $27.8M | 3.03% | 1,123,076 | SH |
| 9 | VANGUARD WORLD FD | MGC | 921910873 | $26.5M | 2.89% | 112,098 | SH |
| 10 | FIDELITY COVINGTON TRUST | FREL | 316092857 | $22.3M | 2.43% | 827,301 | SH |
| 11 | ISHARES TR | IGIB | 464288638 | $22.2M | 2.42% | 417,222 | SH |
| 12 | VANGUARD INDEX FDS | VOT | 922908538 | $21.4M | 2.33% | 82,972 | SH |
| 13 | SCHWAB STRATEGIC TR | SCHX | 808524201 | $20.2M | 2.20% | 787,533 | SH |
| 14 | LINDBLAD EXPEDITIONS HLDGS I | LIND | 535219109 | $18.5M | 2.02% | 1,068,362 | SH |
| 15 | ISHARES TR | IMCV | 464288406 | $18.4M | 2.01% | 217,137 | SH |
| 16 | ISHARES TR | MUB | 464288414 | $17.9M | 1.95% | 168,516 | SH |
| 17 | ISHARES TR | IGSB | 464288646 | $17.8M | 1.94% | 338,070 | SH |
| 18 | VANGUARD INDEX FDS | VTV | 922908744 | $17.7M | 1.93% | 90,040 | SH |
| 19 | SCHWAB STRATEGIC TR | SCHO | 808524862 | $17.5M | 1.91% | 723,101 | SH |
| 20 | VANGUARD INDEX FDS | VBR | 922908611 | $16.1M | 1.76% | 74,035 | SH |
| 21 | VANGUARD INDEX FDS | VO | 922908629 | $12.4M | 1.35% | 43,150 | SH |
| 22 | VANGUARD TAX-MANAGED FDS | VEA | 921943858 | $11.9M | 1.30% | 185,397 | SH |
| 23 | ISHARES INC | IEMG | 46434G103 | $11.7M | 1.28% | 168,232 | SH |
| 24 | ISHARES TR | ISCG | 464288604 | $9.7M | 1.05% | 176,121 | SH |
| 25 | APPLE INC | AAPL | 037833100 | $9.5M | 1.04% | 37,566 | SH |
| 26 | VANGUARD INDEX FDS | VB | 922908751 | $9.4M | 1.02% | 35,711 | SH |
| 27 | SCHWAB STRATEGIC TR | SCHM | 808524508 | $8.3M | 0.90% | 266,939 | SH |
| 28 | VANGUARD INDEX FDS | VTI | 922908769 | $7.7M | 0.84% | 24,082 | SH |
| 29 | VANGUARD INDEX FDS | VBK | 922908595 | $7.7M | 0.84% | 25,547 | SH |
| 30 | INVESCO EXCHANGE TRADED FD T | RSP | 46137V357 | $7.6M | 0.83% | 39,444 | SH |
| 31 | VANGUARD INDEX FDS | VOO | 922908363 | $7.1M | 0.77% | 11,825 | SH |
| 32 | SCHWAB STRATEGIC TR | SCHA | 808524607 | $6.8M | 0.74% | 234,235 | SH |
| 33 | ISHARES TR | IVV | 464287200 | $6.5M | 0.71% | 9,986 | SH |
| 34 | VANGUARD INDEX FDS | VV | 922908637 | $5.7M | 0.62% | 19,146 | SH |
| 35 | VANGUARD INDEX FDS | VOE | 922908512 | $5.7M | 0.62% | 31,025 | SH |
| 36 | VANGUARD INTL EQUITY INDEX F | VEU | 922042775 | $5.7M | 0.62% | 75,733 | SH |
| 37 | VANGUARD SCOTTSDALE FDS | VCSH | 92206C409 | $5.4M | 0.59% | 68,383 | SH |
| 38 | INVESCO QQQ TR | QQQ | 46090E103 | $5.0M | 0.55% | 8,674 | SH |
| 39 | VANGUARD INDEX FDS | VNQ | 922908553 | $4.4M | 0.48% | 49,561 | SH |
| 40 | SPDR SERIES TRUST | SDY | 78464A763 | $4.2M | 0.45% | 28,442 | SH |
| 41 | MICROSOFT CORP | MSFT | 594918104 | $3.9M | 0.43% | 10,641 | SH |
| 42 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $3.8M | 0.42% | 5,878 | SH |
| 43 | NVIDIA CORPORATION | NVDA | 67066G104 | $3.4M | 0.37% | 19,369 | SH |
| 44 | ISHARES TR | IMCG | 464288307 | $3.4M | 0.37% | 42,595 | SH |
| 45 | ALPHABET INC | GOOG | 02079K107 | $3.4M | 0.37% | 11,685 | SH |
| 46 | AMAZON COM INC | AMZN | 023135106 | $2.9M | 0.32% | 13,940 | SH |
| 47 | ISHARES TR | IJR | 464287804 | $2.8M | 0.31% | 22,580 | SH |
| 48 | JPMORGAN CHASE & CO | JPM | 46625H100 | $2.7M | 0.30% | 9,306 | SH |
| 49 | ALPHABET INC | GOOGL | 02079K305 | $2.7M | 0.29% | 9,235 | SH |
| 50 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $2.5M | 0.28% | 5,290 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-05 | $916.5M | 185 | 0001759236-26-000002 |
| 2025-12-31 | 2026-02-03 | $948.6M | 176 | 0001759236-26-000001 |