BLACK DIAMOND FINANCIAL, LLC

Filed: 4/30/2025ACC: 0001759236-25-000002

📋 What this filing means

BLACK DIAMOND FINANCIAL, LLC filed this quarterly 13F‑HR report disclosing 146 equity positions with a total reported market value of $665.86M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

146

Positions

$665.86M

Total AUM (reported)

12.30M

Total Shares

Allocation by class

MEGA CAP VAL ETF$88.18M13.2%

MEGA GRWTH IND$52.34M7.9%

COM$46.17M6.9%

CORE US AGGBD ET$36.12M5.4%

PORTFLI INTRMDIT$35.23M5.3%

US LCAP VA ETF$32.51M4.9%

US LCAP GR ETF$23.53M3.5%

Portfolio Concentration

Top 3$176.64M26.5%

4–10$165.87M24.9%

11–25$167.62M25.2%

Rest$155.73M23.4%

Top 3 weight

26.5%

Top 10 weight

51.4%

Voting Authority Distribution

Total shares with voting rights: 12.30M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

12.30M

% of voting shares100.0%

Investment Discretion (by position count)

Sole146

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings146

Rows:

VANGUARD WORLD FD

SOLE

MEGA CAP VAL ETF

Shares684.41K

TypeSH

Market value$88.18M

13.24%

Sole

0.00

Shared

0.00

None

684.41K

VANGUARD WORLD FD

SOLE

MEGA GRWTH IND

Shares169.46K

TypeSH

Market value$52.34M

7.86%

Sole

0.00

Shared

0.00

None

169.46K

ISHARES TR

SOLE

CORE US AGGBD ET

Shares365.14K

TypeSH

Market value$36.12M

5.42%

Sole

0.00

Shared

0.00

None

365.14K

SPDR SER TR

SOLE

PORTFLI INTRMDIT

Shares1.23M

TypeSH

Market value$35.23M

5.29%

Sole

0.00

Shared

0.00

None

1.23M

SCHWAB STRATEGIC TR

SOLE

US LCAP VA ETF

Shares1.22M

TypeSH

Market value$32.51M

4.88%

Sole

0.00

Shared

0.00

None

1.22M

SCHWAB STRATEGIC TR

SOLE

US LCAP GR ETF

Shares939.89K

TypeSH

Market value$23.53M

3.53%

Sole

0.00

Shared

0.00

None

939.89K

VANGUARD WORLD FD

SOLE

MEGA CAP INDEX

Shares98.05K

TypeSH

Market value$19.74M

2.97%

Sole

0.00

Shared

0.00

None

98.05K

VANGUARD INDEX FDS

SOLE

GROWTH ETF

Shares50.98K

TypeSH

Market value$18.91M

2.84%

Sole

0.00

Shared

0.00

None

50.98K

ISHARES TR

SOLE

ISHS 5-10YR INVT

Shares344.69K

TypeSH

Market value$18.10M

2.72%

Sole

0.00

Shared

0.00

None

344.69K

SCHWAB STRATEGIC TR

SOLE

US LRG CAP ETF

Shares807.89K

TypeSH

Market value$17.84M

2.68%

Sole

0.00

Shared

0.00

None

807.89K

SCHWAB STRATEGIC TR

SOLE

INTL EQTY ETF

Shares855.96K

TypeSH

Market value$16.93M

2.54%

Sole

0.00

Shared

0.00

None

855.96K

VANGUARD INDEX FDS

SOLE

MCAP GR IDXVIP

Shares66.59K

TypeSH

Market value$16.29M

2.45%

Sole

0.00

Shared

0.00

None

66.59K

FIDELITY COVINGTON TRUST

SOLE

MSCI RL EST ETF

Shares566.19K

TypeSH

Market value$15.55M

2.34%

Sole

0.00

Shared

0.00

None

566.19K

ISHARES TR

SOLE

NATIONAL MUN ETF

Shares139.83K

TypeSH

Market value$14.74M

2.21%

Sole

0.00

Shared

0.00

None

139.83K

ISHARES TR

SOLE

ISHS 1-5YR INVS

Shares240.86K

TypeSH

Market value$12.61M

1.89%

Sole

0.00

Shared

0.00

None

240.86K

SCHWAB STRATEGIC TR

SOLE

SHT TM US TRES

Shares500.45K

TypeSH

Market value$12.18M

1.83%

Sole

0.00

Shared

0.00

None

500.45K

VANGUARD INDEX FDS

SOLE

MID CAP ETF

Shares44.01K

TypeSH

Market value$11.38M

1.71%

Sole

0.00

Shared

0.00

None

44.01K

VANGUARD INDEX FDS

SOLE

SM CP VAL ETF

Shares52.84K

TypeSH

Market value$9.84M

1.48%

Sole

0.00

Shared

0.00

None

52.84K

VANGUARD INDEX FDS

SOLE

VALUE ETF

Shares55.02K

TypeSH

Market value$9.50M

1.43%

Sole

0.00

Shared

0.00

None

55.02K

ISHARES TR

SOLE

MRGSTR MD CP VAL

Shares126.11K

TypeSH

Market value$9.36M

1.41%

Sole

0.00

Shared

0.00

None

126.11K

LINDBLAD EXPEDITIONS HLDGS I

SOLE

COM

Shares940.91K

TypeSH

Market value$8.72M

1.31%

Sole

0.00

Shared

0.00

None

940.91K

VANGUARD TAX-MANAGED FDS

SOLE

VAN FTSE DEV MKT

Shares162.31K

TypeSH

Market value$8.25M

1.24%

Sole

0.00

Shared

0.00

None

162.31K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P500 EQL WGT

Shares45.22K

TypeSH

Market value$7.83M

1.18%

Sole

0.00

Shared

0.00

None

45.22K

VANGUARD INDEX FDS

SOLE

SMALL CP ETF

Shares33.60K

TypeSH

Market value$7.45M

1.12%

Sole

0.00

Shared

0.00

None

33.60K

SCHWAB STRATEGIC TR

SOLE

US MID-CAP ETF

Shares265.76K

TypeSH

Market value$6.96M

1.05%

Sole

0.00

Shared

0.00

None

265.76K

Issuer	Class	Shares	Type	Value / Portfolio %	None
VANGUARD WORLD FDSOLE	MEGA CAP VAL ETF	684.41K	SH	$88.18M 13.24%	684.41K
VANGUARD WORLD FDSOLE	MEGA GRWTH IND	169.46K	SH	$52.34M 7.86%	169.46K
ISHARES TRSOLE	CORE US AGGBD ET	365.14K	SH	$36.12M 5.42%	365.14K
SPDR SER TRSOLE	PORTFLI INTRMDIT	1.23M	SH	$35.23M 5.29%	1.23M
SCHWAB STRATEGIC TRSOLE	US LCAP VA ETF	1.22M	SH	$32.51M 4.88%	1.22M
SCHWAB STRATEGIC TRSOLE	US LCAP GR ETF	939.89K	SH	$23.53M 3.53%	939.89K
VANGUARD WORLD FDSOLE	MEGA CAP INDEX	98.05K	SH	$19.74M 2.97%	98.05K
VANGUARD INDEX FDSSOLE	GROWTH ETF	50.98K	SH	$18.91M 2.84%	50.98K
ISHARES TRSOLE	ISHS 5-10YR INVT	344.69K	SH	$18.10M 2.72%	344.69K
SCHWAB STRATEGIC TRSOLE	US LRG CAP ETF	807.89K	SH	$17.84M 2.68%	807.89K
SCHWAB STRATEGIC TRSOLE	INTL EQTY ETF	855.96K	SH	$16.93M 2.54%	855.96K
VANGUARD INDEX FDSSOLE	MCAP GR IDXVIP	66.59K	SH	$16.29M 2.45%	66.59K
FIDELITY COVINGTON TRUSTSOLE	MSCI RL EST ETF	566.19K	SH	$15.55M 2.34%	566.19K
ISHARES TRSOLE	NATIONAL MUN ETF	139.83K	SH	$14.74M 2.21%	139.83K
ISHARES TRSOLE	ISHS 1-5YR INVS	240.86K	SH	$12.61M 1.89%	240.86K
SCHWAB STRATEGIC TRSOLE	SHT TM US TRES	500.45K	SH	$12.18M 1.83%	500.45K
VANGUARD INDEX FDSSOLE	MID CAP ETF	44.01K	SH	$11.38M 1.71%	44.01K
VANGUARD INDEX FDSSOLE	SM CP VAL ETF	52.84K	SH	$9.84M 1.48%	52.84K
VANGUARD INDEX FDSSOLE	VALUE ETF	55.02K	SH	$9.50M 1.43%	55.02K
ISHARES TRSOLE	MRGSTR MD CP VAL	126.11K	SH	$9.36M 1.41%	126.11K
LINDBLAD EXPEDITIONS HLDGS ISOLE	COM	940.91K	SH	$8.72M 1.31%	940.91K
VANGUARD TAX-MANAGED FDSSOLE	VAN FTSE DEV MKT	162.31K	SH	$8.25M 1.24%	162.31K
INVESCO EXCHANGE TRADED FD TSOLE	S&P500 EQL WGT	45.22K	SH	$7.83M 1.18%	45.22K
VANGUARD INDEX FDSSOLE	SMALL CP ETF	33.60K	SH	$7.45M 1.12%	33.60K
SCHWAB STRATEGIC TRSOLE	US MID-CAP ETF	265.76K	SH	$6.96M 1.05%	265.76K

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