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S&A Financial Services, Inc. — 13F Holdings & Portfolio

CIK 2140428 · latest 13F-HR filed 2026-07-27

Backtest portfolio

S&A Financial Services, Inc. manages $163.8M in 13F-reported U.S. long-equity assets across 88 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SHYG (7.26%), SPHY (6.92%), VGT (5.99%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 6 new positions and exited 5; 42 existing positions rose in reported value and 17 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
$163.8M

Long-equity book

Holdings
88

Distinct positions

Period
2026-06-30

Filed 2026-07-27

Q/Q Activity
+6 / −5 / ↑42 / ↓17

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
SHYG7.3% · +2%SPHY6.9% · +13%VGT6.0% · +669%SCHG5.4% · +1%AVLV5.3% · +20%IYW4.0% · -11%AVUS3.9% · +1%AAPL3.3% · -3%JEPI3.3% · +48%XONE2.9% · +0%SRLN2.9% · -25%JEPQ2.9% · +18%SOXX2.6% · -2%BKGI2.4% · +28%BBBS1.9% · +3%XHLF1.9% · -3%IYC1.9% · -14%FDVV1.6% · +2%XTWO1.4% · +2%JPIE1.4% · +42%XFIV1.4% · +18%VEA1.3% · +1%CPRT1.3% · 0%HDV1.3% · +500%VHT1.3% · -9%VOO1.2% · -10%COST1.1% · -2%VDC1.0% · +2%WELL0.9% · -3%IYK0.9% · -3%PYLD0.9% · +10%IFRA0.9% · +7%DVY0.7% · +26%XLV0.7% · -1%AMZN0.7% · -3%WMT0.6% · +70%MSFT0.6% · -2%XTEN0.6% · +19%SCHX0.5% · +0%PCMM0.5% · +27%SCHD0.5% · +0%BBBI0.5% · +242%EVRG0.5% · -2%META0.5% · -9%CSHI0.5% · +212%BRK.B0.4% · -2%GOOGL0.4% · -7%VCR0.4% · -15%VTI0.4% · -21%XLU0.4% · +2%BEDY0.3% · newXTRE0.3% · -5%IDU0.3% · -6%LLY0.3% · 0%GLD0.3% · -3%CSCO0.3% · +0%PPA0.3% · -2%XLE0.3% · -4%TSLA0.3% · -3%IVE0.3% · +7%

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

2 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 = 48.2%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Aug 14, 2026.

Assets Under Management
$392.3M
Discretionary
$361.1M
Employees
7
Accounts
1,884
Address
8655 COLLEGE BLVD., SUITE 100
OVERLAND PARK, KS 66210-1835
Phone
(913) 362-2712
Website
Name Title / Status Ownership Type
SHEPARD, GREGORY, CURTIS ControlPRESIDENT / CHIEF COMPLIANCE OFFICER
since Jan 2023
75% or moreIndividual
Ownership & leadership changes · 4 filings with changes since Mar 29, 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 23, 2026 filing
  • No longer listedSHEPARD, FRANK, CURTIS · PRESIDENT · 75% or more · control person · listed since Jan 2004
  • ChangedSHEPARD, GREGORY, CURTIS · title CHIEF COMPLIANCE OFFICER → PRESIDENT / CHIEF COMPLIANCE OFFICER; ownership Less than 5% → 75% or more
Mar 13, 2023 filing
  • AddedSHEPARD, GREGORY, CURTIS · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedSHEPARD, FRANK, CURTIS · title PRESIDENT/CCO → PRESIDENT
Oct 29, 2019 filing
  • No longer listedREID, JENNIFER, JO · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Mar 2017
  • ChangedSHEPARD, FRANK, CURTIS · title PRESIDENT → PRESIDENT/CCO
Mar 31, 2017 filing
  • AddedREID, JENNIFER, JO · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedSHEPARD, FRANK, CURTIS · title PRESIDENT, CHIEF COMPLIANCE OFFICER → PRESIDENT
Mar 29, 2012 filing (earliest on record)
  • ListedSHEPARD, FRANK, CURTIS · PRESIDENT, CHIEF COMPLIANCE OFFICER · 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 42 →

Top Trims

Show all 17 →

New Positions

Show all 6 →

Exited Positions

Show all 5 →

S&A Financial Services, Inc. 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 SHYG 46434V407 $11.9M 7.26% 280,282 SH
2 SPDR SERIES TRUST SPHY 78468R606 $11.3M 6.92% 483,315 SH
3 VANGUARD WORLD FD VGT 92204A702 $9.8M 5.99% 82,055 SH
4 SCHWAB STRATEGIC TR SCHG 808524300 $8.8M 5.37% 260,171 SH
5 AMERICAN CENTY ETF TR AVLV 025072349 $8.7M 5.34% 95,843 SH
6 ISHARES TR IYW 464287721 $6.5M 3.97% 25,761 SH
7 AMERICAN CENTY ETF TR AVUS 025072885 $6.3M 3.87% 49,473 SH
8 APPLE INC AAPL 037833100 $5.4M 3.27% 18,523 SH
9 J P MORGAN EXCHANGE TRADED F JEPI 46641Q332 $5.3M 3.27% 94,713 SH
10 BONDBLOXX ETF TRUST XONE 09789C861 $4.8M 2.94% 97,673 SH
11 SSGA ACTIVE ETF TR SRLN 78467V608 $4.7M 2.88% 117,121 SH
12 J P MORGAN EXCHANGE TRADED F JEPQ 46654Q203 $4.7M 2.85% 76,042 SH
13 ISHARES TR SOXX 464287523 $4.3M 2.60% 6,642 SH
14 BNY MELLON ETF TRUST BKGI 09661T826 $3.9M 2.37% 86,420 SH
15 BONDBLOXX ETF TRUST BBBS 09789C754 $3.2M 1.93% 62,030 SH
16 BONDBLOXX ETF TRUST XHLF 09789C788 $3.1M 1.92% 62,586 SH
17 ISHARES TR IYC 464287580 $3.1M 1.89% 30,645 SH
18 FIDELITY COVINGTON TRUST FDVV 316092840 $2.7M 1.64% 44,655 SH
19 BONDBLOXX ETF TRUST XTWO 09789C853 $2.4M 1.45% 48,429 SH
20 J P MORGAN EXCHANGE TRADED F JPIE 46641Q159 $2.3M 1.42% 50,490 SH
21 BONDBLOXX ETF TRUST XFIV 09789C838 $2.2M 1.37% 46,165 SH
22 VANGUARD TAX-MANAGED FDS VEA 921943858 $2.2M 1.31% 30,222 SH
23 COPART INC CPRT 217204106 $2.1M 1.31% 76,208 SH
24 ISHARES TR HDV 46429B663 $2.1M 1.31% 78,203 SH
25 VANGUARD WORLD FD VHT 92204A504 $2.1M 1.28% 7,022 SH
26 VANGUARD INDEX FDS VOO 922908363 $2.0M 1.21% 2,884 SH
27 COSTCO WHOLESALE CORPORATION COST 22160K105 $1.8M 1.09% 1,906 SH
28 VANGUARD WORLD FD VDC 92204A207 $1.6M 0.98% 7,097 SH
29 WELLTOWER INC WELL 95040Q104 $1.5M 0.94% 6,768 SH
30 ISHARES TR IYK 464287812 $1.5M 0.89% 20,173 SH
31 PIMCO ETF TR PYLD 72201R585 $1.5M 0.89% 54,851 SH
32 ISHARES TR IFRA 46435U713 $1.4M 0.85% 22,137 SH
33 ISHARES TR DVY 464287168 $1.2M 0.73% 7,647 SH
34 SELECT SECTOR SPDR TR XLV 81369Y209 $1.2M 0.72% 7,395 SH
35 AMAZON COM INC AMZN 023135106 $1.2M 0.70% 4,837 SH
36 WALMART INC WMT 931142103 $1.1M 0.64% 9,317 SH
37 MICROSOFT CORP MSFT 594918104 $1.0M 0.63% 2,752 SH
38 BONDBLOXX ETF TRUST XTEN 09789C812 $923.2K 0.56% 20,255 SH
39 SCHWAB STRATEGIC TR SCHX 808524201 $843.0K 0.51% 28,643 SH
40 BONDBLOXX ETF TRUST PCMM 09789C671 $843.0K 0.51% 16,902 SH
41 SCHWAB STRATEGIC TR SCHD 808524797 $828.5K 0.51% 26,129 SH
42 BONDBLOXX ETF TRUST BBBI 09789C747 $803.3K 0.49% 15,623 SH
43 EVERGY INC EVRG 30034W106 $773.7K 0.47% 8,952 SH
44 META PLATFORMS INC META 30303M102 $771.9K 0.47% 1,370 SH
45 NEOS ETF TRUST CSHI 78433H501 $767.6K 0.47% 15,410 SH
46 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $679.0K 0.41% 1,357 SH
47 ALPHABET INC GOOGL 02079K305 $671.9K 0.41% 1,880 SH
48 VANGUARD WORLD FD VCR 92204A108 $660.9K 0.40% 1,666 SH
49 VANGUARD INDEX FDS VTI 922908769 $618.6K 0.38% 1,672 SH
50 SELECT SECTOR SPDR TR XLU 81369Y886 $601.9K 0.37% 13,274 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-27 $163.8M 88 0002140428-26-000006
2026-03-31 2026-06-12 $145.6M 87 0002140428-26-000002
Filer Information
Address
8655 COLLEGE BLVD.
SUITE 100
OVERLAND PARK, KS 66210-1835
Phone
(913) 362-2712
Filing Manager
S&A Financial Services, Inc.
Overland Park, KS
Signatory
Gregory Shepard
President/CCO