Holders — by stockHoldings — by fund
Valmark Advisers, Inc.
Everything this manager disclosed owning in US-listed stocks — its complete Form 13F portfolio · as of 2026-06-30 · filed with the SEC up to 45 days after quarter end · CIK 1380443
$9.42B
disclosed book value
727
positions
9.2%
largest position share
Positions, as of 2026-06-30
top 100 of 727 · 13F covers long US-listed positions only — cash, bonds, private and foreign stakes are not disclosed · PUT/CALL tags = options positions (share-equivalents), not shares held
| # | Issuer | Shares | Value | % of book |
|---|---|---|---|---|
| 1 | VEAVANGUARD TAX-MANAGED FDS | 12.1M | $864.0M | 9.2% |
| 2 | SPYGSPDR SERIES TRUST | 4.7M | $563.8M | 6% |
| 3 | SPYVSPDR SERIES TRUST | 9.3M | $563.0M | 6% |
| 4 | SPMDSPDR SERIES TRUST | 7.1M | $479.6M | 5.1% |
| 5 | VTIPVANGUARD MALVERN FDS | 7.3M | $369.1M | 3.9% |
| 6 | VOOVANGUARD INDEX FDS | 497,985 | $342.0M | 3.6% |
| 7 | SPSBSPDR SERIES TRUST | 10.8M | $324.5M | 3.4% |
| 8 | SPSMSPDR SERIES TRUST | 5.1M | $294.2M | 3.1% |
| 9 | VWOVANGUARD INTL EQUITY INDEX F | 4.6M | $276.2M | 2.9% |
| 10 | SPTMSPDR SERIES TRUST | 3.0M | $268.9M | 2.9% |
| 11 | VGITVANGUARD SCOTTSDALE FDS | 3.6M | $210.4M | 2.2% |
| 12 | GUNRFLEXSHARES TR | 3.8M | $184.9M | 2% |
| 13 | REETISHARES TR | 6.7M | $184.2M | 2% |
| 14 | USIGISHARES TR | 3.4M | $174.7M | 1.9% |
| 15 | EMXCISHARES INC | 1.5M | $157.2M | 1.7% |
| 16 | HYLBDBX ETF TR | 3.7M | $134.6M | 1.4% |
| 17 | BSVVANGUARD BD INDEX FDS | 1.7M | $131.6M | 1.4% |
| 18 | EMLCVANECK ETF TRUST | 5.0M | $127.9M | 1.4% |
| 19 | SMLFISHARES TR | 1.3M | $114.2M | 1.2% |
| 20 | LQDISHARES TR | 920,761 | $100.4M | 1.1% |
| 21 | CGDVCAPITAL GROUP DIVIDEND VALUE | 1.7M | $85.2M | 0.9% |
| 22 | SCHDSCHWAB STRATEGIC TR | 2.6M | $83.5M | 0.9% |
| 23 | VMBSVANGUARD SCOTTSDALE FDS | 1.8M | $83.3M | 0.9% |
| 24 | ISHARES TR | 1.8M | $83.3M | 0.9% |
| 25 | CGGRCAPITAL GROUP GROWTH ETF | 1.7M | $81.6M | 0.9% |
| 26 | CGDGCAPITAL GROUP DIVIDEND GROWE | 2.1M | $80.6M | 0.9% |
| 27 | VGSHVANGUARD SCOTTSDALE FDS | 1.4M | $78.6M | 0.8% |
| 28 | IVWISHARES TR | 569,928 | $78.4M | 0.8% |
| 29 | XSOEWISDOMTREE TR | 1.5M | $74.3M | 0.8% |
| 30 | IJHISHARES TR | 877,936 | $67.7M | 0.7% |
| 31 | WISDOMTREE TR | 2.4M | $66.0M | 0.7% |
| 32 | IVEISHARES TR | 277,744 | $63.1M | 0.7% |
| 33 | CGUSCAPITAL GROUP CORE EQUITY ET | 1.4M | $60.9M | 0.6% |
| 34 | AAPLAPPLE INC | 203,556 | $58.9M | 0.6% |
| 35 | IVVISHARES TR | 76,636 | $57.4M | 0.6% |
| 36 | CGCBCAPITAL GRP FIXED INCM ETF T | 2.2M | $56.9M | 0.6% |
| 37 | CGCPCAPITAL GRP FIXED INCM ETF T | 2.2M | $50.1M | 0.5% |
| 38 | VTIVANGUARD INDEX FDS | 134,361 | $49.7M | 0.5% |
| 39 | VEUVANGUARD INTL EQUITY INDEX F | 590,635 | $49.5M | 0.5% |
| 40 | CGMSCAPITAL GRP FIXED INCM ETF T | 1.8M | $48.5M | 0.5% |
| 41 | VYMVANGUARD WHITEHALL FDS | 272,000 | $43.0M | 0.5% |
| 42 | BINCBLACKROCK ETF TRUST II | 770,163 | $40.3M | 0.4% |
| 43 | CGGOCAPITAL GROUP GBL GROWTH EQT | 951,110 | $40.3M | 0.4% |
| 44 | BNDXVANGUARD CHARLOTTE FDS | 796,548 | $38.6M | 0.4% |
| 45 | IJRISHARES TR | 259,402 | $38.5M | 0.4% |
| 46 | ITOTISHARES TR | 223,801 | $36.8M | 0.4% |
| 47 | VXFVANGUARD INDEX FDS | 148,811 | $36.6M | 0.4% |
| 48 | VIGVANGUARD SPECIALIZED FUNDS | 151,846 | $35.9M | 0.4% |
| 49 | IUSGISHARES TR | 179,657 | $33.8M | 0.4% |
| 50 | EFAISHARES TR | 323,896 | $33.6M | 0.4% |
| 51 | JPSTJ P MORGAN EXCHANGE TRADED F | 663,670 | $33.6M | 0.4% |
| 52 | BRK/BBERKSHIRE HATHAWAY INC DEL | 62,404 | $31.2M | 0.3% |
| 53 | SGOVISHARES TR | 287,450 | $28.9M | 0.3% |
| 54 | DVYISHARES TR | 179,186 | $28.0M | 0.3% |
| 55 | IWYISHARES TR | 87,978 | $25.6M | 0.3% |
| 56 | RDVYFIRST TR EXCHANGE TRADED FD | 290,555 | $23.6M | 0.2% |
| 57 | WISDOMTREE TR | 309,102 | $22.6M | 0.2% |
| 58 | SPDWSPDR INDEX SHS FDS | 442,784 | $22.3M | 0.2% |
| 59 | VCSHVANGUARD SCOTTSDALE FDS | 282,109 | $22.3M | 0.2% |
| 60 | MSFTMICROSOFT CORP | 58,006 | $21.6M | 0.2% |
| 61 | VTVVANGUARD INDEX FDS | 95,418 | $20.8M | 0.2% |
| 62 | FBNDFIDELITY MERRIMACK STR TR | 455,014 | $20.7M | 0.2% |
| 63 | NVDANVIDIA CORPORATION | 100,387 | $20.1M | 0.2% |
| 64 | SPEMSPDR INDEX SHS FDS | 370,421 | $19.2M | 0.2% |
| 65 | PVALPUTNAM ETF TRUST | 366,776 | $18.7M | 0.2% |
| 66 | SPYMSPDR SERIES TRUST | 185,101 | $16.3M | 0.2% |
| 67 | STIPISHARES TR | 156,015 | $15.9M | 0.2% |
| 68 | FTGCFIRST TR EXCHANGE TRAD FD VI | 580,543 | $15.7M | 0.2% |
| 69 | CGMMCAPITAL GROUP EQUITY ETF TR | 468,806 | $15.5M | 0.2% |
| 70 | VNQVANGUARD INDEX FDS | 156,168 | $15.1M | 0.2% |
| 71 | XLVSELECT SECTOR SPDR TR | 93,043 | $14.8M | 0.2% |
| 72 | FELGFIDELITY COVINGTON TRUST | 330,476 | $14.5M | 0.2% |
| 73 | USMVISHARES TR | 148,849 | $14.4M | 0.2% |
| 74 | AMZNAMAZON COM INC | 58,792 | $14.0M | 0.1% |
| 75 | CGSDCAPITAL GRP FIXED INCM ETF T | 544,385 | $14.0M | 0.1% |
| 76 | DGROISHARES TR | 183,544 | $13.9M | 0.1% |
| 77 | DESWISDOMTREE TR | 334,790 | $13.6M | 0.1% |
| 78 | DEMWISDOMTREE TR | 250,218 | $13.5M | 0.1% |
| 79 | LGLVSPDR SERIES TRUST | 74,055 | $13.4M | 0.1% |
| 80 | QQQINVESCO QQQ TR | 17,608 | $13.0M | 0.1% |
| 81 | CGBLCAPITAL GROUP CORE BALANCED | 314,960 | $12.0M | 0.1% |
| 82 | JPMJPMORGAN CHASE & CO | 36,457 | $11.9M | 0.1% |
| 83 | VOVANGUARD INDEX FDS | 147,067 | $11.8M | 0.1% |
| 84 | JEPIJ P MORGAN EXCHANGE TRADED F | 209,275 | $11.8M | 0.1% |
| 85 | TDTTFLEXSHARES TR | 484,847 | $11.6M | 0.1% |
| 86 | AGGISHARES TR | 116,486 | $11.5M | 0.1% |
| 87 | CGGECAPITAL GROUP GLOBAL EQUITY | 323,952 | $11.4M | 0.1% |
| 88 | VTEBVANGUARD MUN BD FDS | 224,731 | $11.4M | 0.1% |
| 89 | DFIVDIMENSIONAL ETF TRUST | 207,176 | $11.2M | 0.1% |
| 90 | SPYSTATE STR SPDR S&P 500 ETF T | 14,944 | $11.2M | 0.1% |
| 91 | VBVANGUARD INDEX FDS | 35,919 | $10.9M | 0.1% |
| 92 | MUBISHARES TR | 100,505 | $10.8M | 0.1% |
| 93 | CGCVCAPITAL GROUP CONSERVATIVE E | 323,620 | $10.6M | 0.1% |
| 94 | HDEFDBX ETF TR | 330,063 | $10.6M | 0.1% |
| 95 | VSSVANGUARD INTL EQUITY INDEX F | 68,442 | $10.6M | 0.1% |
| 96 | EXMOCEXXON MOBIL CORP | 72,671 | $9.9M | 0.1% |
| 97 | PGPROCTER & GAMBLE CO | 65,724 | $9.6M | 0.1% |
| 98 | XLESELECT SECTOR SPDR TR | 179,688 | $9.5M | 0.1% |
| 99 | FLRNSPDR SERIES TRUST | 294,730 | $9.1M | 0.1% |
| 100 | J P MORGAN EXCHANGE TRADED F | 156,010 | $8.6M | 0.1% |
Source: SEC Form 13F-HR, reporting period 2026-06-30. Values are the manager's filed June-30-style quarter-end marks, not live prices. Research, not investment advice.