1y return+18.1%S&P 500 +20.9%
3y return+55.1%S&P 500 +68.5%
5y return+52.3%S&P 500 +74.5%
10y return+158.2%S&P 500 +256.5%
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 June 30, 2016: $258 against $357 in the S&P 500.2
Zhang 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 |
|---|---|---|---|
| VOOVanguard S&p | $235.6M | 6.9% | +5.1% |
| DFUSDimensional Us | $218.0M | 6.4% | +5.0% |
| ITOTIshares Core | $204.8M | 6.0% | +5.5% |
| VTIVanguard Index Fds | $203.6M | 5.9% | −2.4% |
| VXUSVanguard Star Fds | $192.0M | 5.6% | +7.9% |
| BIVVanguard Intermediate | $146.9M | 4.3% | +1.3% |
| Dimensional UsCUSIP 25434V708 | $143.7M | 4.2% | |
| VTVanguard Intl Equity Index F | $116.1M | 3.4% | +2.2% |
| AGGIshares Core | $108.3M | 3.2% | +21.8% |
| DFAIDimensional Etf Trust | $87.1M | 2.5% | +14.5% |
| BNDVanguard Total | $70.7M | 2.1% | +7.1% |
| AAPLApple Inc | $66.3M | 1.9% | +1.3% |
| VCRBVanguard Malvern Fds | $56.2M | 1.6% | +38.4% |
| VBRVanguard Small | $54.9M | 1.6% | |
| VYMVanguard High | $54.3M | 1.6% | +4.3% |
| AVDEAvantis Intl | $42.4M | 1.2% | +5.1% |
| BKLCBny Mellon | $41.7M | 1.2% | −4.1% |
| DFAUDimensional Us | $35.6M | 1.0% | −2.9% |
| IAUIshares Gold | $35.3M | 1.0% | |
| VUGVanguard Growth | $33.9M | 1.0% | +5.8% |
| AVUSAvantis U S | $33.2M | 1.0% | +7.0% |
| SYKStryker Corp | $32.6M | 1.0% | |
| NVDANvidia Corp | $32.6M | 1.0% | +8.1% |
| VEAVanguard Tax-managed Intl Fd | $32.6M | 1.0% | +28.4% |
| VCSHVanguard Short | $31.3M | 0.9% | −3.3% |
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 |
|---|---|---|---|
| NVDANvidia Corp | June 30, 2021 | +900.3% | $32.6M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $22.6M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $66.3M |
| VUGVanguard Growth | June 30, 2020 | +155.7% | $33.9M |
| VOOVanguard S&p | June 30, 2020 | +142.3% | $235.6M |
| SPYSpdr S&p 500 Etf Tr | June 30, 2020 | +142.2% | $19.3M |
| ITOTIshares Core | June 30, 2020 | +136.6% | $204.8M |
| VTIVanguard Index Fds | June 30, 2020 | +136.4% | $203.6M |
| VONGVanguard Russell | September 30, 2022 | +135.8% | $20.9M |
| VBRVanguard Small | June 30, 2020 | +127.3% | $54.9M |
Sold off last quarter
- Honeywell IntlCUSIP 438516106 was $3.0M
- TERTeradyne Inc was $861K
- XLCSelect Sector was $379K
- Dupont DeCUSIP 26614N102 was $224K
- USBU S Bancorp De was $218K
- KRKroger Co was $217K
- GISGeneral Mills was $212K
- GBTCGrayscale Bitcoin Trust Etf was $201K
- CMPSCompass Pathways was $105K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +10.2% | +14.8% |
| March 31, 2026 | −2.2% | −4.6% |
| December 31, 2025 | +2.3% | +2.4% |
| September 30, 2025 | +7.1% | +7.8% |
| June 30, 2025 | +8.8% | +10.5% |
| March 31, 2025 | −2.6% | −4.6% |
| December 31, 2024 | +0.1% | +2.1% |
| September 30, 2024 | +6.4% | +5.4% |
| June 30, 2024 | +1.7% | +4.0% |
| March 31, 2024 | +7.5% | +10.0% |
| December 31, 2023 | +10.7% | +11.2% |
| September 30, 2023 | −4.0% | −3.6% |
| June 30, 2023 | +5.8% | +8.3% |
| March 31, 2023 | +5.9% | +7.0% |
| December 31, 2022 | +7.4% | +7.1% |
| September 30, 2022 | −5.6% | −5.3% |
| June 30, 2022 | −15.2% | −16.5% |
| March 31, 2022 | −3.8% | −4.9% |
| December 31, 2021 | +7.0% | +10.7% |
| September 30, 2021 | −0.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Zhang Financial LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1776290&type=13F-HR&dateb=&owner=include&count=40CIK 1776290
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1776290/000177629026000005/Filed July 30, 2026 · accession 0001776290-26-000005