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Marshall Financial Group, LLC — 13F Holdings & Portfolio

CIK 1841496 · latest 13F-HR filed 2026-07-20

Backtest portfolio

Marshall Financial Group, LLC manages $685.7M in 13F-reported U.S. long-equity assets across 311 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are BILS (5.13%), OBND (4.03%), QQQ (4.00%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 52 new positions and exited 34; 125 existing positions rose in reported value and 70 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
$685.7M

Long-equity book

Holdings
311

Distinct positions

Period
2026-06-30

Filed 2026-07-20

Q/Q Activity
+52 / −34 / ↑125 / ↓70

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
BILS5.1% · -2%OBND4.0% · +4%QQQ4.0% · +8%BIL3.9% · -2%MFSB3.8% · +6%CEF3.2% · 0%JSI3.0% · +3%DIVO2.7% · +6%VOO2.6% · +11%NVDA2.3% · +1%BALT2.2% · newJELM2.0% · newAAPL2.0% · -0%ALLW1.9% · +4%IQLT1.9% · +2%FEMB1.6% · +21%LRCX1.4% · -15%TFPM1.0% · 0%GOOG0.9% · -2%AVGO0.9% · -3%ROUS0.8% · +2%AMD0.8% · +1%TSPA0.8% · +2%JAAA0.7% · -16%AMAT0.7% · -16%QLD0.7% · -5%WMT0.7% · +0%MRK0.7% · +10%MSFT0.6% · +6%LGOV0.6% · -72%KLAC0.6% · +780%CSCO0.6% · +1%V0.5% · +4%SSO0.5% · -32%PULS0.5% · -4%INOD0.5% · -50%SDVY0.5% · +3%DLR0.5% · +3%MNST0.5% · +1%ED0.5% · +4%ANET0.5% · +15%LMT0.5% · +0%SO0.5% · +7%HSY0.5% · -0%VZ0.5% · +2%QQQM0.5% · +8%SCCO0.5% · -6%MCD0.4% · +8%XMHQ0.4% · +5%KR0.4% · +7%NVS0.4% · +4%SPY0.4% · +4%PPLT0.4% · +900%PG0.4% · -4%TSM0.4% · newIBM0.4% · +842%ASML0.4% · -11%JNJ0.4% · +2%HTRB0.4% · -2%AMGN0.4% · +12%

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 = 34.7%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 6, 2025.

Assets Under Management
$866.4M
Discretionary
$865.1M
Employees
20
Accounts
1,579
Address
33 WEST COURT STREET
DOYLESTOWN, PA 18901
Phone
(215) 348-9393
Website
Name Title / Status Ownership Type
CAIRNS, DANIEL, DAVID ControlCHIEF FINANCIAL OFFICER / CHIEF COMPLIANCE OFFICER / TREASURER / SECRETARY
since Sep 2002
Less than 5%Individual
EVANS, GEORGE, EC ControlDIRECTOR
since Feb 2020
Less than 5%Individual
KURTZ, MARTIN, FLOYD ControlDIRECTOR
since Jul 2018
Less than 5%Individual
MAIER, JOHN, MICHAEL ControlTRUSTEE OF THE MARSHALL FINANCIAL GROUP EMPLOYEE STOCK OWNERSHIP TRUST
since Sep 2017
75% or moreIndividual
NANGLE, PAULA, COOPER ControlPRESIDENT/CHIEF EXECUTIVE OFFICER/DIRECTOR
since Oct 2016
Less than 5%Individual
REINERT, ADAM, JOSEPH ControlCHIEF OPERATIONS OFFICER / CHIEF INVESTMENT OFFICER
since Jan 2019
Less than 5%Individual
SCHOLZ, DONALD, ROBERT ControlVICE PRESIDENT
since Jul 2005
Less than 5%Individual
THE MARSHALL FINANCIAL GROUP, INC. EMPLOYEE STOCK OWNERSHIP TRUST ControlSHAREHOLDER
since Oct 2017
75% or moreDomestic Entity
WEISS, RUSSELL, STEWART ControlCHIEF PLANNING OFFICER
since Jan 2019
Less than 5%Individual
Ownership & leadership changes · 7 filings with changes since Feb 27, 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 4, 2020 filing
  • AddedEVANS, GEORGE, EC · DIRECTOR · Less than 5% · control person
Jan 9, 2020 filing
  • No longer listedMARSHALL, WILLIAM, LAWRENCE · CHIEF EXECUTIVE OFFICER / DIRECTOR · Less than 5% · control person · listed since Apr 2011
  • ChangedNANGLE, PAULA, COOPER · title PRESIDENT / DIRECTOR → PRESIDENT/CHIEF EXECUTIVE OFFICER/DIRECTOR
Feb 28, 2019 filing
  • AddedKURTZ, MARTIN, FLOYD · DIRECTOR · Less than 5% · control person
  • AddedREINERT, ADAM, JOSEPH · CHIEF OPERATIONS OFFICER / CHIEF INVESTMENT OFFICER · Less than 5% · control person
  • AddedWEISS, RUSSELL, STEWART · CHIEF PLANNING OFFICER · Less than 5% · control person
  • ChangedMARSHALL, WILLIAM, LAWRENCE · title CHIEF EXECUTIVE OFFICER AND DIRECTOR → CHIEF EXECUTIVE OFFICER / DIRECTOR
  • ChangedNANGLE, PAULA, COOPER · title PRESIDENT AND DIRECTOR → PRESIDENT / DIRECTOR
  • ChangedSCHOLZ, DONALD, ROBERT · title VICE PRESIDENT / CHIEF INVESTMENT OFFICER → VICE PRESIDENT
Nov 13, 2017 filing
  • No longer listedPRICE, BRIAN, ROBERT · TRUSTEE OF WILLIAM L. MARSHALL TRUST U/D OF EDWARD R. MARSHALL · 10–25% · listed since Oct 1996
  • No longer listedWILLIAM L. MARSHALL TRUST U/D OF EDWARD R. MARSHALL · SHAREHOLDER · 10–25% · listed since Jul 2016
  • No longer listedWILLIAM L. MARSHALL TRUST U/D OF WILLIAM L. MARSHALL · SHAREHOLDER · 75% or more · control person · listed since Jul 2016
  • AddedMAIER, JOHN, MICHAEL · TRUSTEE OF THE MARSHALL FINANCIAL GROUP EMPLOYEE STOCK OWNERSHIP TRUST · 75% or more · control person
  • AddedTHE MARSHALL FINANCIAL GROUP, INC. EMPLOYEE STOCK OWNERSHIP TRUST · SHAREHOLDER · 75% or more · control person
  • ChangedCAIRNS, DANIEL, DAVID · title CHIEF FINANCIAL OFFICER / TREASURER / SECRETARY → CHIEF FINANCIAL OFFICER / CHIEF COMPLIANCE OFFICER / TREASURER / SECRETARY
  • ChangedMARSHALL, WILLIAM, LAWRENCE · title CHIEF COMPLIANCE OFFICER / CHIEF EXECUTIVE OFFICER / TRUSTEE OF WILLIAM L. MARSHALL TRUST U/D OF EDWARD R. MARSHALL / TRUSTEE OF WILLIAM L. MARSHALL TRUST U/D OF WILLIAM L. MARSHALL → CHIEF EXECUTIVE OFFICER AND DIRECTOR; ownership 75% or more → Less than 5%
  • ChangedNANGLE, PAULA, COOPER · title PRESIDENT → PRESIDENT AND DIRECTOR
Apr 26, 2017 filing
  • No longer listedMARSHALL, WILLIAM, LAWRENCE · TRUSTEE · 75% or more · indirect via WILLIAM L. MARSHALL LIVING TRUST · control person · listed since Feb 1980
  • No longer listedTHE EDWARD R. MARSHALL TRUST FBO WILLIAM L. MARSHALL · OWNER · 5–10% · listed since Jul 2016
  • No longer listedWILLIAM L. MARSHALL LIVING TRUST · OWNER · 75% or more · indirect via WILLIAM L. MARSHALL LIVING TRUST · control person · listed since Jul 2016
  • AddedWILLIAM L. MARSHALL TRUST U/D OF EDWARD R. MARSHALL · SHAREHOLDER · 10–25%
  • AddedWILLIAM L. MARSHALL TRUST U/D OF WILLIAM L. MARSHALL · SHAREHOLDER · 75% or more · control person
  • ChangedMARSHALL, WILLIAM, LAWRENCE · title CHIEF COMPLIANCE OFFICER / CHIEF EXECUTIVE OFFICER / TRUSTEE → CHIEF COMPLIANCE OFFICER / CHIEF EXECUTIVE OFFICER / TRUSTEE OF WILLIAM L. MARSHALL TRUST U/D OF EDWARD R. MARSHALL / TRUSTEE OF WILLIAM L. MARSHALL TRUST U/D OF WILLIAM L. MARSHALL
  • ChangedPRICE, BRIAN, ROBERT · title TRUSTEE → TRUSTEE OF WILLIAM L. MARSHALL TRUST U/D OF EDWARD R. MARSHALL; ownership 5–10% → 10–25%
Dec 1, 2016 filing
  • No longer listedROBINSON, JEANNE, ANN · PRESIDENT / CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Apr 2011
  • AddedNANGLE, PAULA, COOPER · PRESIDENT · Less than 5% · control person
Sep 6, 2016 filing
  • No longer listedMARSHALL, WILLIAM, LAWRENCE · DIRECTOR · 75% or more · indirect via WM. L. MARSHALL COMPANIES, INC. · control person · listed since May 1981
  • No longer listedWM. L. MARSHALL COMPANIES, INC. · OWNER · 75% or more · control person · listed since May 1981
  • AddedMARSHALL, WILLIAM, LAWRENCE · TRUSTEE · 75% or more · indirect via WILLIAM L. MARSHALL LIVING TRUST · control person
  • AddedPRICE, BRIAN, ROBERT · TRUSTEE · 5–10%
  • AddedTHE EDWARD R. MARSHALL TRUST FBO WILLIAM L. MARSHALL · OWNER · 5–10%
  • AddedWILLIAM L. MARSHALL LIVING TRUST · OWNER · 75% or more · indirect via WILLIAM L. MARSHALL LIVING TRUST · control person
  • ChangedCAIRNS, DANIEL, DAVID · title CHIEF FINANCIAL OFFICER → CHIEF FINANCIAL OFFICER / TREASURER / SECRETARY
  • ChangedMARSHALL, WILLIAM, LAWRENCE · title DIRECTOR → CHIEF COMPLIANCE OFFICER / CHIEF EXECUTIVE OFFICER / TRUSTEE; ownership Less than 5% → 75% or more
  • ChangedROBINSON, JEANNE, ANN · title CEO / PRESIDENT / CHIEF OPERATING OFFICER / CHIEF COMPLIANCE OFFICER → PRESIDENT / CHIEF OPERATING OFFICER
Feb 27, 2012 filing (earliest on record)
  • ListedCAIRNS, DANIEL, DAVID · CHIEF FINANCIAL OFFICER · Less than 5% · control person
  • ListedMARSHALL, WILLIAM, LAWRENCE · DIRECTOR · Less than 5% · control person
  • ListedMARSHALL, WILLIAM, LAWRENCE · DIRECTOR · 75% or more · indirect via WM. L. MARSHALL COMPANIES, INC. · control person
  • ListedROBINSON, JEANNE, ANN · CEO / PRESIDENT / CHIEF OPERATING OFFICER / CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ListedSCHOLZ, DONALD, ROBERT · VICE PRESIDENT / CHIEF INVESTMENT OFFICER · Less than 5% · control person
  • ListedWM. L. MARSHALL COMPANIES, INC. · OWNER · 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.

Marshall 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 SPDR SERIES TRUST BILS 78468R523 $35.1M 5.13% 353,625 SH
2 SSGA ACTIVE TR OBND 78470P804 $27.6M 4.03% 1,070,380 SH
3 INVESCO QQQ TR QQQ 46090E103 $27.4M 4.00% 37,252 SH
4 SPDR SERIES TRUST BIL 78468R663 $27.0M 3.93% 294,386 SH
5 MFS ACTIVE EXCHANGE TRADED F MFSB 55286W108 $25.7M 3.75% 1,031,497 SH
6 SPROTT ASSET MANAGEMENT LP CEF 85208R101 $21.9M 3.19% 544,511 SH
7 JANUS DETROIT STR TR JSI 47103U746 $20.8M 3.03% 406,255 SH
8 AMPLIFY ETF TR DIVO 032108409 $18.7M 2.72% 408,662 SH
9 VANGUARD INDEX FDS VOO 922908363 $17.9M 2.60% 25,996 SH
10 NVIDIA CORPORATION NVDA 67066G104 $16.0M 2.33% 79,736 SH
11 INNOVATOR ETFS TRUST BALT 45783Y855 $15.2M 2.22% 444,697 SH
12 JANUS DETROIT STR TR JELM 47103U647 $13.6M 1.98% 535,895 SH
13 APPLE INC AAPL 037833100 $13.5M 1.97% 46,770 SH
14 SSGA ACTIVE TR ALLW 78470P630 $13.1M 1.91% 447,240 SH
15 ISHARES TR IQLT 46434V456 $12.9M 1.89% 260,992 SH
16 FIRST TR EXCH TRADED FD III FEMB 33739P202 $11.1M 1.61% 378,657 SH
17 LAM RESEARCH CORP LRCX 512807306 $9.4M 1.37% 21,674 SH
18 TRIPLE FLAG PRECIOUS METAL TFPM 89679M104 $6.9M 1.01% 231,255 SH
19 ALPHABET INC GOOG 02079K107 $6.3M 0.92% 17,878 SH
20 BROADCOM INC AVGO 11135F101 $5.8M 0.85% 15,444 SH
21 LATTICE STRATEGIES TR ROUS 518416409 $5.8M 0.84% 85,786 SH
22 ADVANCED MICRO DEVICES INC AMD 007903107 $5.6M 0.81% 9,598 SH
23 T ROWE PRICE EXCHANGE-TRADED TSPA 87283Q503 $5.5M 0.80% 115,475 SH
24 JANUS DETROIT STR TR JAAA 47103U845 $5.1M 0.75% 101,688 SH
25 APPLIED MATLS INC AMAT 038222105 $4.9M 0.71% 6,776 SH
26 PROSHARES TR QLD 74347R206 $4.8M 0.69% 49,251 SH
27 WALMART INC WMT 931142103 $4.7M 0.68% 41,241 SH
28 MERCK & CO INC MRK 58933Y105 $4.6M 0.67% 35,820 SH
29 MICROSOFT CORP MSFT 594918104 $4.1M 0.60% 11,064 SH
30 FIRST TR EXCHANGE-TRADED FD LGOV 33738D606 $4.1M 0.60% 191,848 SH
31 KLA CORP KLAC 482480100 $4.1M 0.59% 13,449 SH
32 CISCO SYS INC CSCO 17275R102 $4.0M 0.58% 34,130 SH
33 VISA INC V 92826C839 $3.7M 0.54% 10,775 SH
34 PROSHARES TR SSO 74347R107 $3.7M 0.53% 54,435 SH
35 PGIM ETF TR PULS 69344A107 $3.6M 0.53% 73,381 SH
36 INNODATA INC INOD 457642205 $3.6M 0.53% 47,991 SH
37 FIRST TR EXCHANGE TRADED FD SDVY 33741X102 $3.6M 0.52% 82,305 SH
38 DIGITAL RLTY TR INC DLR 253868103 $3.5M 0.50% 19,280 SH
39 MONSTER BEVERAGE CORP NEW MNST 61174X109 $3.4M 0.50% 35,849 SH
40 CONSOLIDATED EDISON INC ED 209115104 $3.4M 0.50% 30,873 SH
41 ARISTA NETWORKS INC ANET 040413205 $3.4M 0.49% 19,783 SH
42 LOCKHEED MARTIN CORP LMT 539830109 $3.3M 0.49% 6,550 SH
43 SOUTHERN CO SO 842587107 $3.3M 0.48% 34,327 SH
44 HERSHEY CO HSY 427866108 $3.3M 0.47% 18,556 SH
45 VERIZON COMMUNICATIONS INC VZ 92343V104 $3.2M 0.47% 76,490 SH
46 INVESCO EXCH TRADED FD TR II QQQM 46138G649 $3.2M 0.46% 10,523 SH
47 SOUTHERN COPPER CORP SCCO 84265V105 $3.1M 0.46% 17,942 SH
48 MCDONALDS CORP MCD 580135101 $3.0M 0.44% 11,215 SH
49 INVESCO EXCHANGE TRADED FD T XMHQ 46137V472 $2.8M 0.41% 24,734 SH
50 KROGER CO KR 501044101 $2.8M 0.40% 49,866 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-20 $685.7M 311 0002085853-26-000762
2026-03-31 2026-04-13 $624.6M 293 0002085853-26-000353
2025-12-31 2026-01-09 $515.3M 288 0002085853-26-000028
Filer Information
Address
225 SCHILLING CIRCLE
SUITE 295
HUNT VALLEY, MD 21031
Phone
(410) 563-1190
Filing Manager
Marshall Financial Group, LLC
Hunt Valley, MD
Signatory
Peter Andrew Marshall
CCO