1y return+18.4%S&P 500 +20.9%
3y return+52.5%S&P 500 +68.5%
5y return+48.3%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2018: $230 against $299 in the S&P 500.2
Black Diamond Financial, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| MGVVanguard World Fd | $123.8M | 10.9% | +2.7% |
| MGKVanguard World Fd | $96.4M | 8.5% | +5.2% |
| SCHVSchwab Strategic Tr | $61.2M | 5.4% | +24.7% |
| SCHGSchwab Strategic Tr | $60.3M | 5.3% | +41.3% |
| AGGIshares Tr | $47.0M | 4.1% | +5.6% |
| SPTISpdr Series Trust | $44.5M | 3.9% | +5.5% |
| MGCVanguard World Fd | $41.0M | 3.6% | +33.8% |
| VUGVanguard Index Fds | $34.6M | 3.1% | −1.4% |
| SCHFSchwab Strategic Tr | $32.8M | 2.9% | +5.5% |
| VOTVanguard Index Fds | $27.7M | 2.4% | +8.8% |
| LINDLindblad Expeditions Hldgs I | $27.1M | 2.4% | −10.1% |
| FRELFidelity Covington Trust | $26.3M | 2.3% | +8.5% |
| IGIBIshares Tr | $23.5M | 2.1% | +5.8% |
| SCHXSchwab Strategic Tr | $23.1M | 2.0% | |
| IMCVIshares Tr | $22.4M | 2.0% | +13.1% |
| VTIVanguard Index Fds | $20.3M | 1.8% | +128.2% |
| SCHOSchwab Strategic Tr | $19.8M | 1.7% | +13.7% |
| VTVVanguard Index Fds | $19.6M | 1.7% | |
| IGSBIshares Tr | $19.3M | 1.7% | +9.0% |
| MUBIshares Tr | $19.1M | 1.7% | +5.5% |
| VBRVanguard Index Fds | $19.0M | 1.7% | +5.4% |
| IEMGIshares Inc | $15.3M | 1.3% | +9.6% |
| VOVanguard Index Fds | $15.0M | 1.3% | +7.8% |
| VVVanguard Index Fds | $13.4M | 1.2% | +103.7% |
| VEAVanguard Tax-managed Fds | $13.2M | 1.2% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AAPLApple Inc | June 30, 2020 | +217.3% | $10.9M |
| LINDLindblad Expeditions Hldgs I | March 31, 2023 | +195.4% | $27.1M |
| MGKVanguard World Fd | June 30, 2020 | +168.8% | $96.4M |
| SCHGSchwab Strategic Tr | June 30, 2020 | +166.6% | $60.3M |
| VUGVanguard Index Fds | June 30, 2020 | +155.7% | $34.6M |
| MGCVanguard World Fd | June 30, 2020 | +150.0% | $41.0M |
| VOOVanguard Index Fds | June 30, 2020 | +142.3% | $7.9M |
| SPYState Str Spdr S&p 500 Etf T | June 30, 2020 | +142.2% | $6.4M |
| IVVIshares Tr | June 30, 2020 | +141.8% | $7.1M |
| VVVanguard Index Fds | June 30, 2020 | +140.5% | $13.4M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $344K
- NFLXNetflix Inc. was $225K
- SCHZSchwab Strategic Tr was $217K
- MCDMcdonalds Corp was $213K
- ILPTIndustrial Logistics Pptys T was $57K
- MCHXMarchex Inc was $31K
- DYAIDyadic Intl Inc Del was $16K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +12.3% | +14.8% |
| March 31, 2026 | −2.0% | −4.6% |
| December 31, 2025 | +1.7% | +2.4% |
| September 30, 2025 | +5.8% | +7.8% |
| June 30, 2025 | +7.0% | +10.5% |
| March 31, 2025 | −2.4% | −4.6% |
| December 31, 2024 | +0.3% | +2.1% |
| September 30, 2024 | +6.3% | +5.4% |
| June 30, 2024 | +1.7% | +4.0% |
| March 31, 2024 | +7.0% | +10.0% |
| December 31, 2023 | +11.6% | +11.2% |
| September 30, 2023 | −4.7% | −3.6% |
| June 30, 2023 | +6.0% | +8.3% |
| March 31, 2023 | +5.2% | +7.0% |
| December 31, 2022 | +6.9% | +7.1% |
| September 30, 2022 | −5.2% | −5.3% |
| June 30, 2022 | −14.4% | −16.5% |
| March 31, 2022 | −5.1% | −4.9% |
| December 31, 2021 | +6.7% | +10.7% |
| September 30, 2021 | −0.7% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Black Diamond Financial, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1759236&type=13F-HR&dateb=&owner=include&count=40CIK 1759236
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1759236/000175923626000004/Filed August 4, 2026 · accession 0001759236-26-000004