KELMAN-LAZAROV, INC.

Filed: 5/4/2023ACC: 0001398344-23-008695

📋 What this filing means

KELMAN-LAZAROV, INC. filed this quarterly 13F‑HR report disclosing 95 equity positions with a total reported market value of $385.29M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$385.29M

Total AUM (reported)

6.20M

Total Shares

Allocation by class

SCHWAB FDT US LG$41.52M10.8%

MRNGSTR WDE MOAT$38.92M10.1%

US LCAP GR ETF$35.73M9.3%

ACTIVEBETA US LG$31.20M8.1%

ACTIVEBETA INT$28.06M7.3%

0-5 YR TIPS ETF$21.84M5.7%

0-5YR INVT GR CP$16.56M4.3%

Portfolio Concentration

Top 3$116.17M30.2%

4–10$136.73M35.5%

11–25$81.63M21.2%

Rest$50.75M13.2%

Top 3 weight

30.2%

Top 10 weight

65.6%

Voting Authority Distribution

Total shares with voting rights: 6.20M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

6.20M

% of voting shares100.0%

Investment Discretion (by position count)

Sole95

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings95

Rows:

SCHWAB STRATEGIC TR

SOLE

SCHWAB FDT US LG

Shares755.97K

TypeSH

Market value$41.52M

10.78%

Sole

0.00

Shared

0.00

None

755.97K

VANECK ETF TRUST

SOLE

MRNGSTR WDE MOAT

Shares527.14K

TypeSH

Market value$38.92M

10.10%

Sole

0.00

Shared

0.00

None

527.14K

SCHWAB STRATEGIC TR

SOLE

US LCAP GR ETF

Shares548.32K

TypeSH

Market value$35.73M

9.27%

Sole

0.00

Shared

0.00

None

548.32K

GOLDMAN SACHS ETF TR

SOLE

ACTIVEBETA US LG

Shares384.10K

TypeSH

Market value$31.20M

8.10%

Sole

0.00

Shared

0.00

None

384.10K

GOLDMAN SACHS ETF TR

SOLE

ACTIVEBETA INT

Shares910.61K

TypeSH

Market value$28.06M

7.28%

Sole

0.00

Shared

0.00

None

910.61K

ISHARES TR

SOLE

0-5 YR TIPS ETF

Shares220.07K

TypeSH

Market value$21.84M

5.67%

Sole

0.00

Shared

0.00

None

220.07K

ISHARES TR

SOLE

0-5YR INVT GR CP

Shares341.51K

TypeSH

Market value$16.56M

4.30%

Sole

0.00

Shared

0.00

None

341.51K

SPDR SER TR

SOLE

BLOOMBERG 3-12 M

Shares136.88K

TypeSH

Market value$13.63M

3.54%

Sole

0.00

Shared

0.00

None

136.88K

SCHWAB STRATEGIC TR

SOLE

SCHWB FDT EMK LG

Shares498.39K

TypeSH

Market value$12.98M

3.37%

Sole

0.00

Shared

0.00

None

498.39K

VANGUARD BD INDEX FDS

SOLE

SHORT TRM BOND

Shares163.02K

TypeSH

Market value$12.47M

3.24%

Sole

0.00

Shared

0.00

None

163.02K

ISHARES TR

SOLE

CORE S&P SCP ETF

Shares120.50K

TypeSH

Market value$11.65M

3.02%

Sole

0.00

Shared

0.00

None

120.50K

ISHARES TR

SOLE

CORE S&P MCP ETF

Shares41.86K

TypeSH

Market value$10.47M

2.72%

Sole

0.00

Shared

0.00

None

41.86K

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares33.28K

TypeSH

Market value$10.28M

2.67%

Sole

0.00

Shared

0.00

None

33.28K

SCHWAB STRATEGIC TR

SOLE

INTL EQTY ETF

Shares219.28K

TypeSH

Market value$7.63M

1.98%

Sole

0.00

Shared

0.00

None

219.28K

VANGUARD BD INDEX FDS

SOLE

INTERMED TERM

Shares90.31K

TypeSH

Market value$6.93M

1.80%

Sole

0.00

Shared

0.00

None

90.31K

VANGUARD MUN BD FDS

SOLE

TAX EXEMPT BD

Shares107.49K

TypeSH

Market value$5.45M

1.41%

Sole

0.00

Shared

0.00

None

107.49K

AMERICAN CENTY ETF TR

SOLE

AVANTIS EMGMKT

Shares97.77K

TypeSH

Market value$5.17M

1.34%

Sole

0.00

Shared

0.00

None

97.77K

PIMCO ETF TR

SOLE

1-5 US TIP IDX

Shares90.07K

TypeSH

Market value$4.60M

1.19%

Sole

0.00

Shared

0.00

None

90.07K

AMERICAN CENTY ETF TR

SOLE

INTL EQT ETF

Shares63.69K

TypeSH

Market value$3.63M

0.94%

Sole

0.00

Shared

0.00

None

63.69K

INVESCO EXCH TRADED FD TR II

SOLE

S&P 500 REVENUE

Shares36.93K

TypeSH

Market value$2.81M

0.73%

Sole

0.00

Shared

0.00

None

36.93K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares6.64K

TypeSH

Market value$2.72M

0.71%

Sole

0.00

Shared

0.00

None

6.64K

VANGUARD INDEX FDS

SOLE

GROWTH ETF

Shares10.88K

TypeSH

Market value$2.72M

0.70%

Sole

0.00

Shared

0.00

None

10.88K

ISHARES TR

SOLE

MSCI CHINA ETF

Shares51.84K

TypeSH

Market value$2.59M

0.67%

Sole

0.00

Shared

0.00

None

51.84K

APPLE INC

SOLE

COM

Shares15.52K

TypeSH

Market value$2.56M

0.66%

Sole

0.00

Shared

0.00

None

15.52K

SCHWAB STRATEGIC TR

SOLE

SCHWB FDT INT SC

Shares73.43K

TypeSH

Market value$2.43M

0.63%

Sole

0.00

Shared

0.00

None

73.43K

Issuer	Class	Shares	Type	Value / Portfolio %	None
SCHWAB STRATEGIC TRSOLE	SCHWAB FDT US LG	755.97K	SH	$41.52M 10.78%	755.97K
VANECK ETF TRUSTSOLE	MRNGSTR WDE MOAT	527.14K	SH	$38.92M 10.10%	527.14K
SCHWAB STRATEGIC TRSOLE	US LCAP GR ETF	548.32K	SH	$35.73M 9.27%	548.32K
GOLDMAN SACHS ETF TRSOLE	ACTIVEBETA US LG	384.10K	SH	$31.20M 8.10%	384.10K
GOLDMAN SACHS ETF TRSOLE	ACTIVEBETA INT	910.61K	SH	$28.06M 7.28%	910.61K
ISHARES TRSOLE	0-5 YR TIPS ETF	220.07K	SH	$21.84M 5.67%	220.07K
ISHARES TRSOLE	0-5YR INVT GR CP	341.51K	SH	$16.56M 4.30%	341.51K
SPDR SER TRSOLE	BLOOMBERG 3-12 M	136.88K	SH	$13.63M 3.54%	136.88K
SCHWAB STRATEGIC TRSOLE	SCHWB FDT EMK LG	498.39K	SH	$12.98M 3.37%	498.39K
VANGUARD BD INDEX FDSSOLE	SHORT TRM BOND	163.02K	SH	$12.47M 3.24%	163.02K
ISHARES TRSOLE	CORE S&P SCP ETF	120.50K	SH	$11.65M 3.02%	120.50K
ISHARES TRSOLE	CORE S&P MCP ETF	41.86K	SH	$10.47M 2.72%	41.86K
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	33.28K	SH	$10.28M 2.67%	33.28K
SCHWAB STRATEGIC TRSOLE	INTL EQTY ETF	219.28K	SH	$7.63M 1.98%	219.28K
VANGUARD BD INDEX FDSSOLE	INTERMED TERM	90.31K	SH	$6.93M 1.80%	90.31K
VANGUARD MUN BD FDSSOLE	TAX EXEMPT BD	107.49K	SH	$5.45M 1.41%	107.49K
AMERICAN CENTY ETF TRSOLE	AVANTIS EMGMKT	97.77K	SH	$5.17M 1.34%	97.77K
PIMCO ETF TRSOLE	1-5 US TIP IDX	90.07K	SH	$4.60M 1.19%	90.07K
AMERICAN CENTY ETF TRSOLE	INTL EQT ETF	63.69K	SH	$3.63M 0.94%	63.69K
INVESCO EXCH TRADED FD TR IISOLE	S&P 500 REVENUE	36.93K	SH	$2.81M 0.73%	36.93K
SPDR S&P 500 ETF TRSOLE	TR UNIT	6.64K	SH	$2.72M 0.71%	6.64K
VANGUARD INDEX FDSSOLE	GROWTH ETF	10.88K	SH	$2.72M 0.70%	10.88K
ISHARES TRSOLE	MSCI CHINA ETF	51.84K	SH	$2.59M 0.67%	51.84K
APPLE INCSOLE	COM	15.52K	SH	$2.56M 0.66%	15.52K
SCHWAB STRATEGIC TRSOLE	SCHWB FDT INT SC	73.43K	SH	$2.43M 0.63%	73.43K

Page 1 of 4