KELMAN-LAZAROV, INC.

Filed: 2/13/2025ACC: 0001398344-25-002653

📋 What this filing means

KELMAN-LAZAROV, INC. filed this quarterly 13F‑HR report disclosing 109 equity positions with a total reported market value of $555.52M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

109

Positions

$555.52M

Total AUM (reported)

11.88M

Total Shares

Allocation by class

FUNDAMENTAL US L$54.21M9.8%

US LCAP GR ETF$51.80M9.3%

MRNGSTR WDE MOAT$48.73M8.8%

ACTIVEBETA US LG$41.94M7.6%

ACTIVEBETA INT$32.05M5.8%

0-5 YR TIPS ETF$25.45M4.6%

CORE S&P SCP ETF$22.41M4.0%

Portfolio Concentration

Top 3$154.74M27.9%

4–10$183.09M33.0%

11–25$141.16M25.4%

Rest$76.53M13.8%

Top 3 weight

27.9%

Top 10 weight

60.8%

Voting Authority Distribution

Total shares with voting rights: 11.88M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

11.88M

% of voting shares100.0%

Investment Discretion (by position count)

Sole109

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings109

Rows:

SCHWAB STRATEGIC TR

SOLE

FUNDAMENTAL US L

Shares2.29M

TypeSH

Market value$54.21M

9.76%

Sole

0.00

Shared

0.00

None

2.29M

SCHWAB STRATEGIC TR

SOLE

US LCAP GR ETF

Shares1.86M

TypeSH

Market value$51.80M

9.32%

Sole

0.00

Shared

0.00

None

1.86M

VANECK ETF TRUST

SOLE

MRNGSTR WDE MOAT

Shares525.53K

TypeSH

Market value$48.73M

8.77%

Sole

0.00

Shared

0.00

None

525.53K

GOLDMAN SACHS ETF TR

SOLE

ACTIVEBETA US LG

Shares364.14K

TypeSH

Market value$41.94M

7.55%

Sole

0.00

Shared

0.00

None

364.14K

GOLDMAN SACHS ETF TR

SOLE

ACTIVEBETA INT

Shares961.17K

TypeSH

Market value$32.05M

5.77%

Sole

0.00

Shared

0.00

None

961.17K

ISHARES TR

SOLE

0-5 YR TIPS ETF

Shares253K

TypeSH

Market value$25.45M

4.58%

Sole

0.00

Shared

0.00

None

253K

ISHARES TR

SOLE

CORE S&P SCP ETF

Shares194.46K

TypeSH

Market value$22.41M

4.03%

Sole

0.00

Shared

0.00

None

194.46K

PIMCO ETF TR

SOLE

MULTISECTOR BD

Shares837.82K

TypeSH

Market value$21.72M

3.91%

Sole

0.00

Shared

0.00

None

837.82K

PIMCO ETF TR

SOLE

ACTIVE BD ETF

Shares234.93K

TypeSH

Market value$21.24M

3.82%

Sole

0.00

Shared

0.00

None

234.93K

VANGUARD BD INDEX FDS

SOLE

SHORT TRM BOND

Shares236.63K

TypeSH

Market value$18.28M

3.29%

Sole

0.00

Shared

0.00

None

236.63K

SCHWAB STRATEGIC TR

SOLE

FUNDAMENTAL EMER

Shares570K

TypeSH

Market value$16.56M

2.98%

Sole

0.00

Shared

0.00

None

570K

SCHWAB STRATEGIC TR

SOLE

FUNDAMENTAL INTL

Shares461.49K

TypeSH

Market value$15.76M

2.84%

Sole

0.00

Shared

0.00

None

461.49K

ISHARES TR

SOLE

CORE S&P MCP ETF

Shares250K

TypeSH

Market value$15.58M

2.80%

Sole

0.00

Shared

0.00

None

250K

ISHARES TR

SOLE

MBS ETF

Shares159.36K

TypeSH

Market value$14.61M

2.63%

Sole

0.00

Shared

0.00

None

159.36K

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares31.76K

TypeSH

Market value$14.40M

2.59%

Sole

0.00

Shared

0.00

None

31.76K

2023 ETF SERIES TRUST II

SOLE

GMO US QUALITY E

Shares333.95K

TypeSH

Market value$10.68M

1.92%

Sole

0.00

Shared

0.00

None

333.95K

MATTHEWS ASIA FDS

SOLE

CHINA ACTIVE ETF

Shares412.39K

TypeSH

Market value$9.09M

1.64%

Sole

0.00

Shared

0.00

None

412.39K

PIMCO ETF TR

SOLE

1-5 US TIP IDX

Shares137.38K

TypeSH

Market value$7.19M

1.29%

Sole

0.00

Shared

0.00

None

137.38K

SCHWAB STRATEGIC TR

SOLE

INTL EQTY ETF

Shares369.31K

TypeSH

Market value$6.83M

1.23%

Sole

0.00

Shared

0.00

None

369.31K

ISHARES TR

SOLE

GNMA BOND ETF

Shares150.22K

TypeSH

Market value$6.45M

1.16%

Sole

0.00

Shared

0.00

None

150.22K

AMERICAN CENTY ETF TR

SOLE

AVANTIS EMGMKT

Shares103.46K

TypeSH

Market value$6.08M

1.09%

Sole

0.00

Shared

0.00

None

103.46K

PIMCO ETF TR

SOLE

SHTRM MUN BD ACT

Shares92.19K

TypeSH

Market value$4.59M

0.83%

Sole

0.00

Shared

0.00

None

92.19K

AMERICAN CENTY ETF TR

SOLE

INTL EQT ETF

Shares74.08K

TypeSH

Market value$4.55M

0.82%

Sole

0.00

Shared

0.00

None

74.08K

PIMCO ETF TR

SOLE

INTER MUN BD ACT

Shares87.16K

TypeSH

Market value$4.51M

0.81%

Sole

0.00

Shared

0.00

None

87.16K

VANGUARD MUN BD FDS

SOLE

TAX EXEMPT BD

Shares85.71K

TypeSH

Market value$4.30M

0.77%

Sole

0.00

Shared

0.00

None

85.71K

Issuer	Class	Shares	Type	Value / Portfolio %	None
SCHWAB STRATEGIC TRSOLE	FUNDAMENTAL US L	2.29M	SH	$54.21M 9.76%	2.29M
SCHWAB STRATEGIC TRSOLE	US LCAP GR ETF	1.86M	SH	$51.80M 9.32%	1.86M
VANECK ETF TRUSTSOLE	MRNGSTR WDE MOAT	525.53K	SH	$48.73M 8.77%	525.53K
GOLDMAN SACHS ETF TRSOLE	ACTIVEBETA US LG	364.14K	SH	$41.94M 7.55%	364.14K
GOLDMAN SACHS ETF TRSOLE	ACTIVEBETA INT	961.17K	SH	$32.05M 5.77%	961.17K
ISHARES TRSOLE	0-5 YR TIPS ETF	253K	SH	$25.45M 4.58%	253K
ISHARES TRSOLE	CORE S&P SCP ETF	194.46K	SH	$22.41M 4.03%	194.46K
PIMCO ETF TRSOLE	MULTISECTOR BD	837.82K	SH	$21.72M 3.91%	837.82K
PIMCO ETF TRSOLE	ACTIVE BD ETF	234.93K	SH	$21.24M 3.82%	234.93K
VANGUARD BD INDEX FDSSOLE	SHORT TRM BOND	236.63K	SH	$18.28M 3.29%	236.63K
SCHWAB STRATEGIC TRSOLE	FUNDAMENTAL EMER	570K	SH	$16.56M 2.98%	570K
SCHWAB STRATEGIC TRSOLE	FUNDAMENTAL INTL	461.49K	SH	$15.76M 2.84%	461.49K
ISHARES TRSOLE	CORE S&P MCP ETF	250K	SH	$15.58M 2.80%	250K
ISHARES TRSOLE	MBS ETF	159.36K	SH	$14.61M 2.63%	159.36K
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	31.76K	SH	$14.40M 2.59%	31.76K
2023 ETF SERIES TRUST IISOLE	GMO US QUALITY E	333.95K	SH	$10.68M 1.92%	333.95K
MATTHEWS ASIA FDSSOLE	CHINA ACTIVE ETF	412.39K	SH	$9.09M 1.64%	412.39K
PIMCO ETF TRSOLE	1-5 US TIP IDX	137.38K	SH	$7.19M 1.29%	137.38K
SCHWAB STRATEGIC TRSOLE	INTL EQTY ETF	369.31K	SH	$6.83M 1.23%	369.31K
ISHARES TRSOLE	GNMA BOND ETF	150.22K	SH	$6.45M 1.16%	150.22K
AMERICAN CENTY ETF TRSOLE	AVANTIS EMGMKT	103.46K	SH	$6.08M 1.09%	103.46K
PIMCO ETF TRSOLE	SHTRM MUN BD ACT	92.19K	SH	$4.59M 0.83%	92.19K
AMERICAN CENTY ETF TRSOLE	INTL EQT ETF	74.08K	SH	$4.55M 0.82%	74.08K
PIMCO ETF TRSOLE	INTER MUN BD ACT	87.16K	SH	$4.51M 0.81%	87.16K
VANGUARD MUN BD FDSSOLE	TAX EXEMPT BD	85.71K	SH	$4.30M 0.77%	85.71K

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