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Security Financial Services, INC. — 13F Holdings & Portfolio

CIK 1913590 · latest 13F-HR filed 2026-10-29

Backtest portfolio

Security Financial Services, INC. manages $750.1M in 13F-reported U.S. long-equity assets across 200 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are SPYM (11.99%), CORO (4.72%), IVW (4.34%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 10 new positions and exited 13; 46 existing positions rose in reported value and 52 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
$750.1M

Long-equity book

Holdings
200

Distinct positions

Period
2026-09-30

Filed 2026-10-29

Q/Q Activity
+10 / −13 / ↑46 / ↓52

vs 2026-06-30

Portfolio charts

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

Portfolio map

Q3 26
SPYM12.0% · +1%CORO4.7% · +3%IVW4.3% · -5%DYNF3.8% · +0%IVE3.1% · -7%DFUS2.7% · -0%SCHZ2.4% · +72%DFAU2.3% · -0%IALT2.2% · +14%VOO2.0% · -5%VGIT2.0% · +10%AAPL2.0% · -0%IUSB1.9% · +18%BLCR1.9% · +84%BNDX1.8% · +52%DFAI1.8% · +49%BAI1.6% · -14%VEA1.6% · -1%THRO1.6% · +1%VIG1.5% · -0%SPTL1.5% · +6%VGT1.5% · 0%SPDW1.4% · +4%CGDV1.2% · +675%DFAE1.2% · +3%BOND1.2% · +25%SHLD1.1% · -14%VUG1.1% · -2%DUHP1.0% · -1%CATH1.0% · +872%OEF0.9% · -4%PYLD0.9% · +2%IYW0.9% · -1%AIQ0.9% · +69%IAU0.8% · +48%VTV0.8% · -2%BINC0.7% · -4%QUAL0.7% · +0%WWJD0.7% · +88%DFIC0.7% · +1%SPY0.6% · -2%JPM0.5% · -0%CGIE0.5% · +1%GSID0.5% · -5%VWO0.5% · -12%MSFT0.5% · +4%VEU0.5% · -3%INRO0.5% · newGOVT0.5% · +7%JMST0.5% · +36%IWB0.5% · -1%PRF0.4% · -1%NVDA0.4% · +1%BND0.4% · -1%VGSH0.4% · +19%CAT0.4% · -0%VB0.4% · -0%IWD0.3% · +33%ITOT0.3% · -5%DFEM0.3% · +2%

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

Q2 26 → Q3 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

5 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 = 39.7%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Oct 29, 2026.

Assets Under Management
$1.34B
Discretionary
$1.32B
Employees
17
Accounts
3,297
Address
12726 COLDWATER ROAD
FORT WAYNE, IN 46845
Phone
(260) 619-3100
Website
Name Title / Status Ownership Type
BUDZON, ALEX, JOSEPH ControlVICE PRESIDENT
since Jan 2015
10–25%Individual
DEWALD, JOSEPH ControlDIRECTOR
since Mar 2014
10–25%Individual
O'CONNELL, PATRICK, JOHN ControlPRESIDENT/CHIEF COMPLIANCE OFFICER
since Jan 2015
25–50%Individual
SLYBY, CHRISTOPHER, ALLAN ControlSECRETARY/DIRECTOR
since Jan 2021
Less than 5%Individual
VANDERHAGEN, MARK, DAVID ControlDIRECTOR
since Sep 1991
25–50%Individual
Ownership & leadership changes · 7 filings with changes since Feb 14, 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 24, 2026 filing
  • ChangedBUDZON, ALEX, JOSEPH · title DIRECTOR → VICE PRESIDENT
  • ChangedDEWALD, JOSEPH · title VICE PRESIDENT → DIRECTOR
  • ChangedO'CONNELL, PATRICK, JOHN · title DIRECTOR/CHIEF COMPLIANCE OFFICER → PRESIDENT/CHIEF COMPLIANCE OFFICER; ownership 10–25% → 25–50%
  • ChangedSLYBY, CHRISTOPHER, ALLAN · title DIRECTOR → SECRETARY/DIRECTOR
  • ChangedVANDERHAGEN, MARK, DAVID · title PRESIDENT → DIRECTOR; ownership 50–75% → 25–50%
Mar 20, 2025 filing
  • ChangedO'CONNELL, PATRICK, JOHN · title DIRECTOR → DIRECTOR/CHIEF COMPLIANCE OFFICER
  • ChangedVANDERHAGEN, MARK, DAVID · title PRESIDENT / CHIEF COMPLIANCE OFFICER → PRESIDENT
Mar 14, 2022 filing
  • ChangedDEWALD, JOSEPH · title SECRETARY/TREASURER → VICE PRESIDENT
Mar 15, 2021 filing
  • AddedSLYBY, CHRISTOPHER, ALLAN · DIRECTOR · Less than 5% · control person
  • ChangedO'CONNELL, PATRICK, JOHN · ownership 5–10% → 10–25%
Mar 31, 2015 filing
  • AddedBUDZON, ALEX, JOSEPH · DIRECTOR · 10–25% · control person
  • AddedO'CONNELL, PATRICK, JOHN · DIRECTOR · 5–10% · control person
  • ChangedDEWALD, JOSEPH · ownership 25–50% → 10–25%
  • ChangedVANDERHAGEN, MARK, DAVID · ownership 75% or more → 50–75%
Mar 26, 2014 filing
  • No longer listedGRIFFIN, FLOYD, WILLIAM · SECRETARY / TREASURER · 50–75% · control person · listed since Sep 1991
  • AddedDEWALD, JOSEPH · SECRETARY/TREASURER · 25–50% · control person
  • ChangedVANDERHAGEN, MARK, DAVID · ownership 50–75% → 75% or more
Mar 28, 2013 filing
  • ChangedGRIFFIN, FLOYD, WILLIAM · title SECRETARY/TREASURER → SECRETARY / TREASURER; now a control person
  • ChangedVANDERHAGEN, MARK, DAVID · title PRESIDENT/CHIEF COMPLIANCE OFFICER → PRESIDENT / CHIEF COMPLIANCE OFFICER
Feb 14, 2012 filing (earliest on record)
  • ListedGRIFFIN, FLOYD, WILLIAM · SECRETARY/TREASURER · 50–75%
  • ListedVANDERHAGEN, MARK, DAVID · PRESIDENT/CHIEF COMPLIANCE OFFICER · 50–75% · 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.

Security Financial Services, INC. Holdings (2026-09-30)

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 SPYM 78464A854 $89.9M 11.99% 1,001,656 SH
2 BLACKROCK ETF TRUST CORO 09290C764 $35.4M 4.72% 974,947 SH
3 ISHARES TR IVW 464287309 $32.6M 4.34% 229,046 SH
4 BLACKROCK ETF TRUST DYNF 09290C103 $28.8M 3.83% 415,254 SH
5 ISHARES TR IVE 464287408 $23.6M 3.15% 103,473 SH
6 DIMENSIONAL ETF TRUST DFUS 25434V401 $20.5M 2.73% 246,405 SH
7 SCHWAB STRATEGIC TR SCHZ 808524839 $17.8M 2.37% 804,879 SH
8 DIMENSIONAL ETF TRUST DFAU 25434V104 $17.3M 2.31% 331,324 SH
9 BLACKROCK ETF TRUST IALT 09290C665 $16.7M 2.22% 557,707 SH
10 VANGUARD INDEX FDS VOO 922908363 $15.2M 2.03% 21,757 SH
11 VANGUARD SCOTTSDALE FDS VGIT 92206C706 $15.2M 2.02% 267,649 SH
12 APPLE INC AAPL 037833100 $15.1M 2.02% 45,470 SH
13 ISHARES TR IUSB 46434V613 $14.3M 1.91% 325,467 SH
14 BLACKROCK ETF TRUST BLCR 09290C855 $14.3M 1.91% 292,960 SH
15 VANGUARD CHARLOTTE FDS BNDX 92203J407 $13.8M 1.84% 294,406 SH
16 DIMENSIONAL ETF TRUST DFAI 25434V203 $13.7M 1.82% 330,146 SH
17 BLACKROCK ETF TRUST BAI 09290C780 $12.3M 1.63% 259,654 SH
18 VANGUARD TAX-MANAGED FDS VEA 921943858 $12.0M 1.60% 169,704 SH
19 BLACKROCK ETF TRUST THRO 09290C806 $11.8M 1.57% 267,934 SH
20 VANGUARD SPECIALIZED FUNDS VIG 921908844 $11.6M 1.55% 49,716 SH
21 SPDR SERIES TRUST SPTL 78464A664 $11.2M 1.49% 469,802 SH
22 VANGUARD WORLD FD VGT 92204A702 $11.1M 1.48% 88,080 SH
23 SPDR INDEX SHS FDS SPDW 78463X889 $10.3M 1.37% 204,671 SH
24 CAPITAL GROUP DIVIDEND VALUE CGDV 14020W106 $8.9M 1.19% 182,693 SH
25 DIMENSIONAL ETF TRUST DFAE 25434V302 $8.9M 1.18% 225,625 SH
26 PIMCO ETF TR BOND 72201R775 $8.8M 1.18% 101,479 SH
27 GLOBAL X FDS SHLD 37960A529 $8.4M 1.12% 139,903 SH
28 VANGUARD INDEX FDS VUG 922908736 $8.1M 1.08% 90,021 SH
29 DFA INVT DIMENSIONS GROUP IN DUHP 25239Y196 $7.8M 1.04% 185,414 SH
30 GLOBAL X FDS CATH 37954Y889 $7.5M 1.00% 82,401 SH
31 ISHARES TR OEF 464287101 $7.1M 0.95% 18,656 SH
32 PIMCO ETF TR PYLD 72201R585 $7.1M 0.95% 280,496 SH
33 ISHARES TR IYW 464287721 $7.0M 0.94% 26,516 SH
34 GLOBAL X FDS AIQ 37954Y632 $6.5M 0.86% 99,292 SH
35 ISHARES GOLD TR IAU 464285204 $6.2M 0.83% 79,585 SH
36 VANGUARD INDEX FDS VTV 922908744 $6.0M 0.80% 27,851 SH
37 BLACKROCK ETF TRUST II BINC 092528603 $5.2M 0.69% 102,402 SH
38 ISHARES TR QUAL 46432F339 $5.2M 0.69% 23,194 SH
39 NORTHERN LTS FD TR IV WWJD 66538H419 $4.9M 0.65% 126,161 SH
40 DIMENSIONAL ETF TRUST DFIC 25434V799 $4.9M 0.65% 129,735 SH
41 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $4.3M 0.58% 5,657 SH
42 JPMORGAN CHASE & CO JPM 46625H100 $4.0M 0.54% 12,233 SH
43 CAPITAL GROUP INTERNATIONAL CGIE 14021M107 $3.9M 0.53% 107,316 SH
44 GOLDMAN SACHS ETF TR GSID 381430180 $3.9M 0.52% 52,286 SH
45 VANGUARD INTL EQUITY INDEX F VWO 922042858 $3.7M 0.50% 62,608 SH
46 MICROSOFT CORP MSFT 594918104 $3.7M 0.49% 7,168 SH
47 VANGUARD INTL EQUITY INDEX F VEU 922042775 $3.7M 0.49% 43,998 SH
48 BLACKROCK ETF TRUST INRO 09290C830 $3.6M 0.49% 98,944 SH
49 ISHARES TR GOVT 46429B267 $3.6M 0.47% 162,463 SH
50 J P MORGAN EXCHANGE TRADED F JMST 46641Q654 $3.5M 0.47% 69,852 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-29 $750.1M 200 0001172661-26-004749
2026-06-30 2026-07-15 $720.8M 203 0001172661-26-002626
2026-03-31 2026-05-27 $632.3M 203 0001172661-26-002438
2025-12-31 2026-01-27 $636.9M 212 0001172661-26-000320
2025-09-30 2025-10-14 $618.6M 202 0001172661-25-004283
Filer Information
Address
12726 COLDWATER ROAD
FORT WAYNE, IN 46845
Phone
(260) 619-3100
Filing Manager
Security Financial Services, INC.
Fort Wayne, IN
Signatory
Patrick O'Connell
Director