Intelligent Financial Strategies — 13F Holdings & Portfolio
CIK 1911000 · latest 13F-HR filed 2026-07-24
Intelligent Financial Strategies manages $207.8M in 13F-reported U.S. long-equity assets across 60 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are BRK.B (28.99%), VOO (13.34%), VT (11.77%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 0 new positions, exited 2, added to 35, and trimmed 9.
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.
SUITE 8
EXCELSIOR, MN 55331
$207.8M
Long-equity book
60
Distinct positions
2026-06-30
Filed 2026-07-24
+0 / −2 / ↑35 / ↓9
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- VANGUARD INDEX FDS$3.5M +14.4%
- VANGUARD INTL EQUITY INDEX F$2.9M +13.5%
- VANGUARD INDEX FDS$2.0M +14.3%
- VANGUARD STAR FDS$989.3K +9.1%
- AMERICAN CENTY ETF TR$687.6K +12.0%
Top Trims
- HERSHEY CO-$146.0K -33.1%
- MCDONALDS CORP-$117.4K -38.6%
- COSTCO WHOLESALE CORPORATION-$70.4K -6.1%
- AMERICAN CENTY ETF TR-$55.7K -63.9%
- PEPSICO INC-$31.2K -25.6%
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 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $60.2M | 28.99% | 120,403 | SH |
| 2 | VANGUARD INDEX FDS | VOO | 922908363 | $27.7M | 13.34% | 40,378 | SH |
| 3 | VANGUARD INTL EQUITY INDEX F | VT | 922042742 | $24.5M | 11.77% | 155,814 | SH |
| 4 | VANGUARD INDEX FDS | VTI | 922908769 | $15.8M | 7.59% | 42,620 | SH |
| 5 | VANGUARD STAR FDS | VXUS | 921909768 | $11.8M | 5.70% | 138,507 | SH |
| 6 | VANGUARD BD INDEX FDS | BND | 921937835 | $9.1M | 4.37% | 123,649 | SH |
| 7 | AMERICAN CENTY ETF TR | AVGE | 025072232 | $6.4M | 3.08% | 64,521 | SH |
| 8 | BERKSHIRE HATHAWAY INC DEL | BRK.A | 084670108 | $5.2M | 2.52% | 7 | SH |
| 9 | ISHARES TR | IVV | 464287200 | $4.8M | 2.29% | 6,350 | SH |
| 10 | VANGUARD SPECIALIZED FUNDS | VIG | 921908844 | $4.6M | 2.24% | 19,644 | SH |
| 11 | DIMENSIONAL ETF TRUST | DFUV | 25434V724 | $4.6M | 2.22% | 83,718 | SH |
| 12 | DIMENSIONAL ETF TRUST | DFAC | 25434V708 | $4.2M | 2.01% | 94,014 | SH |
| 13 | APPLE INC | AAPL | 037833100 | $3.4M | 1.64% | 11,750 | SH |
| 14 | ALPHABET INC | GOOG | 02079K107 | $3.3M | 1.59% | 9,339 | SH |
| 15 | VANGUARD SCOTTSDALE FDS | VCSH | 92206C409 | $3.1M | 1.48% | 39,017 | SH |
| 16 | STATE STR SPDR S&P MIDCAP 40 | MDY | 78467Y107 | $2.6M | 1.25% | 3,678 | SH |
| 17 | MASTERCARD INCORPORATED | MA | 57636Q104 | $1.6M | 0.78% | 3,170 | SH |
| 18 | VISA INC | V | 92826C839 | $1.5M | 0.73% | 4,419 | SH |
| 19 | ISHARES TR | SGOV | 46436E718 | $1.4M | 0.68% | 14,045 | SH |
| 20 | MICROSOFT CORP | MSFT | 594918104 | $1.4M | 0.67% | 3,751 | SH |
| 21 | DIMENSIONAL ETF TRUST | DFAX | 25434V880 | $1.3M | 0.63% | 35,705 | SH |
| 22 | COSTCO WHOLESALE CORPORATION | COST | 22160K105 | $1.1M | 0.52% | 1,156 | SH |
| 23 | RBB FUND TRUST | FEGE | 75526L886 | $1.0M | 0.49% | 20,903 | SH |
| 24 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $893.7K | 0.43% | 1,194 | SH |
| 25 | DIMENSIONAL ETF TRUST | DFUS | 25434V401 | $746.9K | 0.36% | 9,115 | SH |
| 26 | UNION PAC CORP | UNP | 907818108 | $489.0K | 0.24% | 1,798 | SH |
| 27 | AMERICAN CENTY ETF TR | AVDE | 025072703 | $454.0K | 0.22% | 5,090 | SH |
| 28 | AMERICAN CENTY ETF TR | AVDV | 025072802 | $440.6K | 0.21% | 4,275 | SH |
| 29 | VANGUARD TAX-MANAGED FDS | VEA | 921943858 | $439.7K | 0.21% | 6,171 | SH |
| 30 | VANGUARD INDEX FDS | VXF | 922908652 | $339.2K | 0.16% | 1,378 | SH |
| 31 | HERSHEY CO | HSY | 427866108 | $295.7K | 0.14% | 1,685 | SH |
| 32 | AMERICAN CENTY ETF TR | AVUV | 025072877 | $279.6K | 0.13% | 2,241 | SH |
| 33 | APPLIED MATLS INC | AMAT | 038222105 | $252.3K | 0.12% | 349 | SH |
| 34 | AMAZON COM INC | AMZN | 023135106 | $238.3K | 0.11% | 1,000 | SH |
| 35 | JOHNSON & JOHNSON | JNJ | 478160104 | $237.5K | 0.11% | 935 | SH |
| 36 | VANGUARD INTL EQUITY INDEX F | VEU | 922042775 | $235.0K | 0.11% | 2,806 | SH |
| 37 | ISHARES TR | KXI | 464288737 | $222.3K | 0.11% | 3,292 | SH |
| 38 | ISHARES TR | AOR | 464289867 | $220.4K | 0.11% | 3,171 | SH |
| 39 | MCDONALDS CORP | MCD | 580135101 | $186.4K | 0.09% | 690 | SH |
| 40 | VANGUARD INDEX FDS | VO | 922908629 | $160.9K | 0.08% | 1,997 | SH |
| 41 | AKRE Focus ETF | AKRE | 74316P579 | $150.0K | 0.07% | 2,820 | SH |
| 42 | CUMMINS INC | CMI | 231021106 | $139.1K | 0.07% | 195 | SH |
| 43 | VANGUARD INDEX FDS | VV | 922908637 | $119.0K | 0.06% | 346 | SH |
| 44 | PEPSICO INC | PEP | 713448108 | $90.5K | 0.04% | 668 | SH |
| 45 | PHILIP MORRIS INTL INC | PM | 718172109 | $85.7K | 0.04% | 470 | SH |
| 46 | EXXON MOBIL CORP | XOM | 30231G102 | $82.0K | 0.04% | 600 | SH |
| 47 | FASTENAL CO | FAST | 311900104 | $67.8K | 0.03% | 1,411 | SH |
| 48 | SPROTT ASSET MANAGEMENT LP | PHYS | 85207H104 | $45.8K | 0.02% | 1,518 | SH |
| 49 | REPUBLIC SVCS INC | RSG | 760759100 | $35.4K | 0.02% | 166 | SH |
| 50 | AMERICAN CENTY ETF TR | AVUS | 025072885 | $31.5K | 0.02% | 246 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-24 | $207.8M | 60 | 0001911000-26-000004 |
| 2026-03-31 | 2026-04-28 | $191.9M | 62 | 0001911000-26-000002 |
| 2025-12-31 | 2026-01-26 | $207.9M | 72 | 0001911000-26-000001 |