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Zhang Financial LLC — 13F Holdings & Portfolio

CIK 1776290 · latest 13F-HR filed 2026-07-30

Backtest portfolio

Zhang Financial LLC manages $3.42B in 13F-reported U.S. long-equity assets across 392 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VOO (6.88%), DFUS (6.37%), ITOT (5.98%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 34 new positions and exited 9; 227 existing positions rose in reported value and 61 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
$3.42B

Long-equity book

Holdings
392

Distinct positions

Period
2026-06-30

Filed 2026-07-30

Q/Q Activity
+34 / −9 / ↑227 / ↓61

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
VOO6.9% · +5%DFUS6.4% · +5%ITOT6.0% · +6%VTI5.9% · -2%VXUS5.6% · +8%BIV4.3% · +1%DFAC4.2% · -1%VT3.4% · +2%AGG3.2% · +22%DFAI2.5% · +14%BND2.1% · +7%AAPL1.9% · +1%VCRB1.6% · +38%VBR1.6% · -0%VYM1.6% · +4%AVDE1.2% · +5%BKLC1.2% · -4%DFAU1.0% · -3%IAU1.0% · +1%VUG1.0% · +535%AVUS1.0% · +7%SYK1.0% · -0%NVDA1.0% · +8%VEA1.0% · +28%VCSH0.9% · -3%MU0.9% · -14%VO0.9% · +300%DFSV0.8% · +7%MSFT0.8% · +4%VOOV0.8% · +15%AVUV0.7% · +10%MGK0.7% · +426%VONE0.7% · +240%SPTM0.7% · -9%GOOGL0.7% · +3%VONV0.6% · +227%AMZN0.6% · +13%IWN0.6% · -1%VONG0.6% · +168%SPY0.6% · +2%IVV0.6% · -8%SCHB0.6% · -1%MUB0.5% · +52%SCHF0.5% · -2%VWO0.4% · +10%VTV0.4% · +1%BRK.B0.4% · -4%KLAC0.4% · +897%AVGO0.4% · +2%META0.4% · +9%CAT0.4% · +0%SPMD0.3% · -1%EMXC0.3% · -3%IBIT0.3% · -0%VGUS0.3% · +15%SUB0.3% · +36%ABBV0.3% · +9%JPM0.3% · +2%VOOG0.3% · +970%CSCO0.3% · -5%

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

Q1 26 → Q2 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

3 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 = 48.4%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 31, 2026.

Assets Under Management
$8.37B
Discretionary
$5.61B
Employees
50
Accounts
7,855
Address
5931 OAKLAND DR.
PORTAGE, MI 49024
Phone
(269) 385-5888
Website
Name Title / Status Ownership Type
CHEN-ZHANG, LYNN, LING ControlCEO
since Dec 2011
Less than 5%Individual
ZHANG, CHARLES, CHENG ControlFOUNDER AND PRESIDENT
since Dec 2011
50–75%Individual
Reiff, Christopher, ThompsonCHIEF COMPLIANCE OFFICER
since Jan 2026
Less than 5%Individual
ZHANG, ALEX, CHENOWNER
since May 2024
10–25%Individual
ZHANG, MITCHELL, COWNER
since May 2024
5–10%Individual
Ownership & leadership changes · 7 filings with changes since Dec 16, 2011

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 31, 2026 filing
  • ChangedZHANG, MITCHELL, C · ownership 10–25% → 5–10%
Jan 12, 2026 filing
  • AddedReiff, Christopher, Thompson · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ChangedCHEN-ZHANG, LYNN, LING · title CEO AND CHIEF COMPLIANCE OFFICER → CEO
Mar 7, 2025 filing
  • ChangedZHANG, CHARLES, CHENG · ownership 75% or more → 50–75%
  • ChangedZHANG, MITCHELL, C · ownership 5–10% → 10–25%
Oct 7, 2024 filing
  • AddedZHANG, ALEX, CHEN · OWNER · 10–25%
  • AddedZHANG, MITCHELL, C · OWNER · 5–10%
Mar 27, 2024 filing
  • ChangedCHEN-ZHANG, LYNN, LING · title CEO, COO AND CHIEF COMPLIANCE OFFICER → CEO AND CHIEF COMPLIANCE OFFICER
Mar 27, 2023 filing
  • ChangedCHEN-ZHANG, LYNN, LING · title CEO AND CHIEF COMPLIANCE OFFICER → CEO, COO AND CHIEF COMPLIANCE OFFICER
  • ChangedZHANG, CHARLES, CHENG · title MANAGING PARTNER → FOUNDER AND PRESIDENT
Mar 15, 2022 filing
  • ChangedCHEN-ZHANG, LYNN, LING · title CHIEF COMPLIANCE OFFICER → CEO AND CHIEF COMPLIANCE OFFICER; now a control person
  • ChangedZHANG, CHARLES, CHENG · title MANAGING MEMBER → MANAGING PARTNER
Dec 16, 2011 filing (earliest on record)
  • ListedCHEN-ZHANG, LYNN, LING · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ListedZHANG, CHARLES, CHENG · MANAGING MEMBER · 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)

Show all 227 →

Top Trims

Show all 61 →

New Positions

Show all 34 →

Exited Positions

Show all 9 →

Zhang Financial LLC Holdings (2026-06-30)

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 VANGUARD S&P VOO 922908363 $235.6M 6.88% 342,986 SH
2 DIMENSIONAL US DFUS 25434V401 $218.0M 6.37% 2,660,097 SH
3 ISHARES CORE ITOT 464287150 $204.8M 5.98% 1,246,429 SH
4 VANGUARD INDEX FDS VTI 922908769 $203.6M 5.94% 550,162 SH
5 VANGUARD STAR FDS VXUS 921909768 $192.0M 5.61% 2,246,322 SH
6 VANGUARD INTERMEDIATE BIV 921937819 $146.9M 4.29% 1,914,897 SH
7 DIMENSIONAL US DFAC 25434V708 $143.7M 4.20% 3,238,499 SH
8 VANGUARD INTL EQUITY INDEX F VT 922042742 $116.1M 3.39% 739,897 SH
9 ISHARES CORE AGG 464287226 $108.3M 3.16% 1,094,000 SH
10 DIMENSIONAL ETF TRUST DFAI 25434V203 $87.1M 2.54% 2,110,994 SH
11 VANGUARD TOTAL BND 921937835 $70.7M 2.06% 962,703 SH
12 APPLE INC AAPL 037833100 $66.3M 1.94% 229,050 SH
13 VANGUARD MALVERN FDS VCRB 922020748 $56.2M 1.64% 727,196 SH
14 VANGUARD SMALL VBR 922908611 $54.9M 1.60% 226,097 SH
15 VANGUARD HIGH VYM 921946406 $54.3M 1.59% 343,695 SH
16 AVANTIS INTL AVDE 025072703 $42.4M 1.24% 475,617 SH
17 BNY MELLON BKLC 09661T107 $41.7M 1.22% 290,869 SH
18 DIMENSIONAL US DFAU 25434V104 $35.6M 1.04% 688,300 SH
19 ISHARES GOLD IAU 464285204 $35.3M 1.03% 467,941 SH
20 VANGUARD GROWTH VUG 922908736 $33.9M 0.99% 393,248 SH
21 AVANTIS U S AVUS 025072885 $33.2M 0.97% 259,250 SH
22 STRYKER CORP SYK 863667101 $32.6M 0.95% 103,679 SH
23 NVIDIA CORP NVDA 67066G104 $32.6M 0.95% 162,963 SH
24 VANGUARD TAX-MANAGED INTL FD VEA 921943858 $32.6M 0.95% 457,396 SH
25 VANGUARD SHORT VCSH 92206C409 $31.3M 0.91% 396,363 SH
26 MICRON TECHNOLOGY INC MU 595112103 $30.8M 0.90% 26,652 SH
27 VANGUARD MID VO 922908629 $30.3M 0.88% 376,125 SH
28 DIMENSIONAL US DFSV 25434V815 $29.1M 0.85% 750,732 SH
29 MICROSOFT CORP MSFT 594918104 $28.4M 0.83% 76,072 SH
30 VANGUARD S&P VOOV 921932703 $27.2M 0.79% 124,151 SH
31 AVANTIS U S AVUV 025072877 $24.5M 0.72% 196,622 SH
32 VANGUARD MEGA MGK 921910816 $23.7M 0.69% 269,582 SH
33 VANGUARD RUSSELL VONE 92206C730 $23.6M 0.69% 69,623 SH
34 SPDR PORTFOLIO SPTM 78464A805 $23.4M 0.68% 257,479 SH
35 ALPHABET INC GOOGL 02079K305 $22.6M 0.66% 63,201 SH
36 VANGUARD RUSSELL VONV 92206C714 $22.2M 0.65% 208,518 SH
37 AMAZON COM AMZN 023135106 $21.7M 0.63% 90,935 SH
38 ISHARES RUSSELL IWN 464287630 $21.7M 0.63% 97,906 SH
39 VANGUARD RUSSELL VONG 92206C680 $20.9M 0.61% 163,754 SH
40 SPDR S&P 500 ETF TR SPY 78462F103 $19.3M 0.56% 25,876 SH
41 ISHARES CORE IVV 464287200 $19.2M 0.56% 25,602 SH
42 SCHWAB STRATEGIC TR SCHB 808524102 $19.1M 0.56% 660,423 SH
43 ISHARES NATIONAL MUB 464288414 $16.6M 0.48% 154,233 SH
44 SCHWAB INTL SCHF 808524805 $15.9M 0.46% 572,438 SH
45 VANGUARD INTL EQUITY INDEX F VWO 922042858 $15.1M 0.44% 252,161 SH
46 VANGUARD VALUE VTV 922908744 $14.5M 0.42% 66,394 SH
47 BERKSHIRE HATHAWAY BRK.B 084670702 $13.0M 0.38% 25,978 SH
48 KLA CORP KLAC 482480100 $12.9M 0.38% 42,890 SH
49 BROADCOM INC AVGO 11135F101 $12.9M 0.38% 34,033 SH
50 FACEBOOK INC META 30303M102 $12.4M 0.36% 22,042 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-30 $3.42B 392 0001776290-26-000005
2026-03-31 2026-05-06 $2.89B 367 0001776290-26-000004
2025-12-31 2026-02-10 $2.68B 339 0001776290-26-000002
Filer Information
Address
5931 OAKLAND DR.
PORTAGE, MI 49024
Phone
(269) 385-5705
Filing Manager
Zhang Financial LLC
PORTAGE, MI
Signatory
Christopher T Reiff
Chief Compliance Officer