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PAX Financial Group, LLC — 13F Holdings & Portfolio

CIK 1803673 · latest 13F-HR filed 2026-08-05

Backtest portfolio

PAX Financial Group, LLC manages $673.0M in 13F-reported U.S. long-equity assets across 207 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are IVV (12.42%), IUSB (5.04%), IVW (4.77%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 29 new positions and exited 21; 94 existing positions rose in reported value and 49 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
$673.0M

Long-equity book

Holdings
207

Distinct positions

Period
2026-06-30

Filed 2026-08-05

Q/Q Activity
+29 / −21 / ↑94 / ↓49

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
IVV12.4% · +81%IUSB5.0% · +33%IVW4.8% · +4%DYNF4.5% · +4%IVE4.0% · -18%IEMG2.6% · -35%WWJD2.6% · +0%BAI2.6% · -8%EFG2.2% · +7%SPYM2.2% · +41%BOND2.1% · +10%MTUM2.0% · -15%CORO1.6% · newBLCR1.6% · +8%ISMD1.5% · +0%PYLD1.4% · +17%IDEF1.3% · +13%THRO1.3% · -32%EFV1.3% · -59%IBD1.2% · +1%MBB1.2% · +5%TLH1.2% · -14%GOVT1.1% · +5%PTL1.0% · +1%SPAB1.0% · -2%SPTM1.0% · -4%OMFL1.0% · -1%AAPL0.9% · +5%IALT0.9% · newVEA0.9% · -34%NVDA0.8% · +13%QQQM0.8% · -7%SPYG0.8% · +22%VO0.7% · +290%ESUM0.7% · +2%GGOV0.7% · newBIBL0.7% · +0%ELCV0.7% · +0%SPDW0.6% · -4%FDLS0.6% · -0%RWL0.6% · -0%SPYV0.6% · -3%GOOGL0.6% · +2%PMBS0.6% · +10%MSFT0.6% · +8%ACWI0.6% · -4%IWF0.6% · +285%MUNI0.6% · +6%VB0.5% · -7%VOO0.5% · -2%VYM0.5% · -3%CORP0.4% · -0%IAU0.4% · +9%ESIM0.4% · +1%FTNT0.4% · -3%AMZN0.4% · +12%MINT0.4% · -0%SPY0.4% · +223%SSMUF0.4% · newSPEM0.4% · -4%

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 = 42.8%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Jun 25, 2026.

Assets Under Management
$747.1M
Discretionary
$747.1M
Employees
22
Accounts
3,900
Address
270 NORTH LOOP 1604 EAST
SUITE 200
SAN ANTONIO, TX 78232
Phone
(210) 881-5700
Website
Name Title / Status Ownership Type
LYONS, DARRYL, WALTER ControlCEO, MANAGING MEMBER
since Jan 2007
50–75%Individual
ALVAREZ, DAVID, KMEMBER
since Jan 2023
Less than 5%Individual
BROOKS, JANISE, MARGOTPRESIDENT
since Jul 2016
10–25%Individual
BRYANT, ALEJANDRA, RODRIGUEZMEMBER
since Jan 2025
Less than 5%Individual
CERVANTES, MONICA, S.MEMBER
since Jan 2025
Less than 5%Individual
CLOUSTON, CHRISTY, DUKEMEMBER
since Jan 2023
Less than 5%Individual
ELLIOTT, JUSTIN, PAULMEMBER
since Jan 2016
5–10%Individual
FitzSimon, Jonathon, MichaelMEMBER
since Jan 2023
Less than 5%Individual
GARCIA, CHARLES, RIENALDOMEMBER
since Jan 2025
Less than 5%Individual
SADZEWICZ, GERY, JOSEPHCHIEF COMPLIANCE OFFICER
since Jun 2020
Less than 5%Individual
SIMPSON, LAURA, LEIGHMEMBER
since Jan 2023
Less than 5%Individual
STUKKIE, ROGER, GLENMEMBER
since Jan 2023
Less than 5%Individual
WALL, JENNIFER, HALEYMEMBER
since Jan 2023
Less than 5%Individual
WING, BRYAN, ANTHONYMEMBER
since Jan 2023
5–10%Individual
Ownership & leadership changes · 6 filings with changes since May 26, 2016

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.

Jul 9, 2025 filing
  • No longer listedSCHUETZE, JOSEPH, R. · COFOUNDER, MANAGING MEMBER · 25–50% · control person · listed since Jan 2007
  • ChangedBROOKS, JANISE, MARGOT · ownership 5–10% → 10–25%
  • ChangedLYONS, DARRYL, WALTER · ownership 25–50% → 50–75%
  • ChangedWING, BRYAN, ANTHONY · ownership Less than 5% → 5–10%
Mar 11, 2025 filing
  • AddedBRYANT, ALEJANDRA, RODRIGUEZ · MEMBER · Less than 5%
  • AddedCERVANTES, MONICA, S. · MEMBER · Less than 5%
  • AddedGARCIA, CHARLES, RIENALDO · MEMBER · Less than 5%
  • ChangedELLIOTT, JUSTIN, PAUL · ownership Less than 5% → 5–10%
Mar 13, 2024 filing
  • AddedELLIOTT, JUSTIN, PAUL · MEMBER · Less than 5%
  • ChangedBROOKS, JANISE, MARGOT · title PRESIDENT & CHIEF OPERATIONS OFFICER → PRESIDENT; ownership Less than 5% → 5–10%
Nov 10, 2023 filing
  • AddedALVAREZ, DAVID, K · MEMBER · Less than 5%
  • AddedCLOUSTON, CHRISTY, DUKE · MEMBER · Less than 5%
  • AddedFitzSimon, Jonathon, Michael · MEMBER · Less than 5%
  • AddedSIMPSON, LAURA, LEIGH · MEMBER · Less than 5%
  • AddedSTUKKIE, ROGER, GLEN · MEMBER · Less than 5%
  • AddedWALL, JENNIFER, HALEY · MEMBER · Less than 5%
  • AddedWING, BRYAN, ANTHONY · MEMBER · Less than 5%
  • ChangedBROOKS, JANISE, MARGOT · title CHIEF OPERATIONS OFFICER → PRESIDENT & CHIEF OPERATIONS OFFICER
Jul 1, 2021 filing
  • AddedBROOKS, JANISE, MARGOT · CHIEF OPERATIONS OFFICER · Less than 5%
  • ChangedSCHUETZE, JOSEPH, R. · title PRESIDENT, MANAGING MEMBER → COFOUNDER, MANAGING MEMBER
Jun 29, 2020 filing
  • No longer listedIRETA, ALEJANDRO, G · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since May 2016
  • AddedSADZEWICZ, GERY, JOSEPH · CHIEF COMPLIANCE OFFICER · Less than 5%
May 26, 2016 filing (earliest on record)
  • ListedIRETA, ALEJANDRO, G · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ListedLYONS, DARRYL, WALTER · CEO, MANAGING MEMBER · 25–50% · control person
  • ListedSCHUETZE, JOSEPH, R. · PRESIDENT, MANAGING 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.

PAX Financial Group, 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 ISHARES TR IVV 464287200 $83.6M 12.42% 111,568 SH
2 ISHARES TR IUSB 46434V613 $33.9M 5.04% 735,092 SH
3 ISHARES TR IVW 464287309 $32.1M 4.77% 233,600 SH
4 BLACKROCK ETF TRUST DYNF 09290C103 $30.5M 4.53% 447,980 SH
5 ISHARES TR IVE 464287408 $26.8M 3.99% 118,225 SH
6 ISHARES INC IEMG 46434G103 $17.7M 2.63% 213,523 SH
7 NORTHERN LTS FD TR IV WWJD 66538H419 $17.3M 2.57% 452,976 SH
8 BLACKROCK ETF TRUST BAI 09290C780 $17.2M 2.56% 326,469 SH
9 ISHARES TR EFG 464288885 $14.7M 2.18% 117,818 SH
10 SPDR SERIES TRUST SPYM 78464A854 $14.5M 2.16% 165,376 SH
11 PIMCO ETF TR BOND 72201R775 $14.3M 2.13% 155,402 SH
12 ISHARES TR MTUM 46432F396 $13.4M 1.99% 39,099 SH
13 BLACKROCK ETF TRUST CORO 09290C764 $10.6M 1.57% 288,757 SH
14 BLACKROCK ETF TRUST BLCR 09290C855 $10.6M 1.57% 209,573 SH
15 NORTHERN LTS FD TR IV ISMD 66538H641 $10.0M 1.49% 200,796 SH
16 PIMCO ETF TR PYLD 72201R585 $9.4M 1.39% 353,346 SH
17 BLACKROCK ETF TRUST IDEF 09290C699 $9.1M 1.35% 285,074 SH
18 BLACKROCK ETF TRUST THRO 09290C806 $9.0M 1.34% 209,686 SH
19 ISHARES TR EFV 464288877 $9.0M 1.33% 117,311 SH
20 NORTHERN LTS FD TR IV IBD 66538H633 $8.3M 1.23% 348,665 SH
21 ISHARES TR MBB 464288588 $8.2M 1.22% 86,816 SH
22 ISHARES TR TLH 464288653 $7.8M 1.16% 77,515 SH
23 ISHARES TR GOVT 46429B267 $7.7M 1.15% 338,975 SH
24 NORTHERN LTS FD TR IV PTL 66537J796 $6.9M 1.03% 24,286 SH
25 SPDR SERIES TRUST SPAB 78464A649 $6.8M 1.00% 264,698 SH
26 SPDR SERIES TRUST SPTM 78464A805 $6.5M 0.96% 71,053 SH
27 INVESCO EXCH TRD SLF IDX FD OMFL 46138J619 $6.4M 0.95% 93,467 SH
28 APPLE INC AAPL 037833100 $6.0M 0.88% 20,575 SH
29 BLACKROCK ETF TRUST IALT 09290C665 $5.9M 0.87% 209,742 SH
30 VANGUARD TAX-MANAGED FDS VEA 921943858 $5.8M 0.87% 81,981 SH
31 NVIDIA CORPORATION NVDA 67066G104 $5.5M 0.82% 27,633 SH
32 INVESCO EXCH TRADED FD TR II QQQM 46138G649 $5.4M 0.80% 17,663 SH
33 SPDR SERIES TRUST SPYG 78464A409 $5.2M 0.78% 44,045 SH
34 VANGUARD INDEX FDS VO 922908629 $5.0M 0.75% 62,400 SH
35 STRATEGY SHS ESUM 86280R787 $5.0M 0.74% 163,445 SH
36 BLACKROCK ETF TRUST II GGOV 092528835 $4.8M 0.71% 95,094 SH
37 NORTHERN LTS FD TR IV BIBL 66538H534 $4.7M 0.69% 80,575 SH
38 STRATEGY SHS ELCV 86280R811 $4.5M 0.67% 137,699 SH
39 SPDR INDEX SHS FDS SPDW 78463X889 $4.3M 0.64% 85,711 SH
40 NORTHERN LTS FD TR IV FDLS 66538H187 $4.3M 0.64% 102,053 SH
41 INVESCO EXCH TRADED FD TR II RWL 46138G698 $4.3M 0.64% 33,492 SH
42 SPDR SERIES TRUST SPYV 78464A508 $4.2M 0.62% 68,791 SH
43 ALPHABET INC GOOGL 02079K305 $4.1M 0.61% 11,578 SH
44 PIMCO ETF TR PMBS 72201R569 $4.0M 0.59% 80,934 SH
45 MICROSOFT CORP MSFT 594918104 $4.0M 0.59% 10,690 SH
46 ISHARES TR ACWI 464288257 $4.0M 0.59% 25,383 SH
47 ISHARES TR IWF 464287614 $3.9M 0.58% 31,204 SH
48 PIMCO ETF TR MUNI 72201R866 $3.7M 0.55% 70,788 SH
49 VANGUARD INDEX FDS VB 922908751 $3.5M 0.52% 11,555 SH
50 VANGUARD INDEX FDS VOO 922908363 $3.5M 0.51% 5,024 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-05 $673.0M 207 0001104659-26-091050
2026-03-31 2026-04-27 $586.2M 199 0001104659-26-049342
2025-12-31 2026-02-05 $579.9M 207 0001104659-26-010754
Filer Information
Address
270 N LOOP 1604 E
SUITE 200
SAN ANTONIO, TX 78232
Phone
(210) 881-5700
Filing Manager
PAX Financial Group, LLC
SAN ANTONIO, TX
Signatory
Gery Sadzewicz
Chief Compliance Officer