VALMARK ADVISERS, INC.

Filed: 1/26/2026ACC: 0001380443-26-000002

📋 What this filing means

VALMARK ADVISERS, INC. filed this quarterly 13F‑HR report disclosing 656 equity positions with a total reported market value of $8.11B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

656

Positions

$8.11B

Total AUM (reported)

139.62M

Total Shares

Allocation by class

STATE STREET SPD$2.23B27.5%

VAN FTSE DEV MKT$745.33M9.2%

S&P 500 ETF SHS$363.42M4.5%

STRM INFPROIDX$332.19M4.1%

COM$330.42M4.1%

FTSE EMR MKT ETF$241.65M3.0%

INTER TERM TREAS$186.15M2.3%

Portfolio Concentration

Top 3$1.74B21.4%

4–10$2.09B25.8%

11–25$1.71B21.1%

Rest$2.57B31.7%

Top 3 weight

21.4%

Top 10 weight

47.2%

Voting Authority Distribution

Total shares with voting rights: 139.62M

Sole

Full voting authority

23.40M

% of voting shares16.8%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

116.22M

% of voting shares83.2%

Investment Discretion (by position count)

Sole656

Shared0

Other0

Dominant voting typeNone · 83.2% of voting shares

Institutional Holdings656

Rows:

VANGUARD TAX-MANAGED FDS

SOLE

VAN FTSE DEV MKT

Shares11.93M

TypeSH

Market value$745.33M

9.18%

Sole

3.31M

Shared

0.00

None

8.62M

SPDR SERIES TRUST

SOLE

STATE STREET SPD

Shares4.66M

TypeSH

Market value$497.35M

6.13%

Sole

453.31K

Shared

0.00

None

4.21M

SPDR SERIES TRUST

SOLE

STATE STREET SPD

Shares8.74M

TypeSH

Market value$496.53M

6.12%

Sole

1.18M

Shared

0.00

None

7.56M

SPDR SERIES TRUST

SOLE

STATE STREET SPD

Shares7.04M

TypeSH

Market value$407.79M

5.03%

Sole

2.34M

Shared

0.00

None

4.70M

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares579.50K

TypeSH

Market value$363.42M

4.48%

Sole

418.79K

Shared

0.00

None

160.72K

VANGUARD MALVERN FDS

SOLE

STRM INFPROIDX

Shares6.72M

TypeSH

Market value$332.19M

4.09%

Sole

1.57M

Shared

0.00

None

5.15M

SPDR SERIES TRUST

SOLE

STATE STREET SPD

Shares8.74M

TypeSH

Market value$263.86M

3.25%

Sole

1.96M

Shared

0.00

None

6.77M

SPDR SERIES TRUST

SOLE

STATE STREET SPD

Shares5.30M

TypeSH

Market value$248.48M

3.06%

Sole

1.69M

Shared

0.00

None

3.62M

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE EMR MKT ETF

Shares4.50M

TypeSH

Market value$241.65M

2.98%

Sole

1.11M

Shared

0.00

None

3.38M

SPDR SERIES TRUST

SOLE

STATE STREET SPD

Shares2.87M

TypeSH

Market value$236.54M

2.91%

Sole

0.00

Shared

0.00

None

2.87M

VANGUARD SCOTTSDALE FDS

SOLE

INTER TERM TREAS

Shares3.11M

TypeSH

Market value$186.15M

2.29%

Sole

616.62K

Shared

0.00

None

2.49M

FLEXSHARES TR

SOLE

MORNSTAR UPSTR

Shares3.59M

TypeSH

Market value$164.72M

2.03%

Sole

1.19M

Shared

0.00

None

2.41M

ISHARES TR

SOLE

GLOBAL REIT ETF

Shares6.28M

TypeSH

Market value$156.77M

1.93%

Sole

2.26M

Shared

0.00

None

4.02M

ISHARES TR

SOLE

USD INV GRDE ETF

Shares2.95M

TypeSH

Market value$152.91M

1.88%

Sole

0.00

Shared

0.00

None

2.95M

ISHARES INC

SOLE

MSCI EMRG CHN

Shares1.76M

TypeSH

Market value$127.76M

1.57%

Sole

641.42K

Shared

0.00

None

1.12M

DBX ETF TR

SOLE

XTRACK USD HIGH

Shares3.29M

TypeSH

Market value$121.24M

1.49%

Sole

726.04K

Shared

0.00

None

2.57M

VANGUARD BD INDEX FDS

SOLE

SHORT TRM BOND

Shares1.53M

TypeSH

Market value$120.97M

1.49%

Sole

0.00

Shared

0.00

None

1.53M

VANECK ETF TRUST

SOLE

JP MRGAN EM LOC

Shares4.42M

TypeSH

Market value$114.10M

1.41%

Sole

1.03M

Shared

0.00

None

3.39M

ISHARES TR

SOLE

IBOXX INV CP ETF

Shares872.33K

TypeSH

Market value$96.12M

1.18%

Sole

485.39K

Shared

0.00

None

386.93K

ISHARES TR

SOLE

US SML CAP EQT

Shares1.21M

TypeSH

Market value$90.71M

1.12%

Sole

375.51K

Shared

0.00

None

835.89K

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares1.35M

TypeSH

Market value$79.18M

0.98%

Sole

261.42K

Shared

0.00

None

1.09M

ISHARES TR

SOLE

MSCI EAFE ETF

Shares821.33K

TypeSH

Market value$78.87M

0.97%

Sole

0.00

Shared

0.00

None

821.33K

ISHARES TR

SOLE

S&P 500 GRWT ETF

Shares598.47K

TypeSH

Market value$73.77M

0.91%

Sole

0.00

Shared

0.00

None

598.47K

VANGUARD SCOTTSDALE FDS

SOLE

MTG-BKD SECS ETF

Shares1.55M

TypeSH

Market value$73.11M

0.90%

Sole

396.76K

Shared

0.00

None

1.16M

SCHWAB STRATEGIC TR

SOLE

US DIVIDEND EQ

Shares2.63M

TypeSH

Market value$72.07M

0.89%

Sole

0.00

Shared

0.00

None

2.63M

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
VANGUARD TAX-MANAGED FDSSOLE	VAN FTSE DEV MKT	11.93M	SH	$745.33M 9.18%	3.31M	8.62M
SPDR SERIES TRUSTSOLE	STATE STREET SPD	4.66M	SH	$497.35M 6.13%	453.31K	4.21M
SPDR SERIES TRUSTSOLE	STATE STREET SPD	8.74M	SH	$496.53M 6.12%	1.18M	7.56M
SPDR SERIES TRUSTSOLE	STATE STREET SPD	7.04M	SH	$407.79M 5.03%	2.34M	4.70M
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	579.50K	SH	$363.42M 4.48%	418.79K	160.72K
VANGUARD MALVERN FDSSOLE	STRM INFPROIDX	6.72M	SH	$332.19M 4.09%	1.57M	5.15M
SPDR SERIES TRUSTSOLE	STATE STREET SPD	8.74M	SH	$263.86M 3.25%	1.96M	6.77M
SPDR SERIES TRUSTSOLE	STATE STREET SPD	5.30M	SH	$248.48M 3.06%	1.69M	3.62M
VANGUARD INTL EQUITY INDEX FSOLE	FTSE EMR MKT ETF	4.50M	SH	$241.65M 2.98%	1.11M	3.38M
SPDR SERIES TRUSTSOLE	STATE STREET SPD	2.87M	SH	$236.54M 2.91%	0.00	2.87M
VANGUARD SCOTTSDALE FDSSOLE	INTER TERM TREAS	3.11M	SH	$186.15M 2.29%	616.62K	2.49M
FLEXSHARES TRSOLE	MORNSTAR UPSTR	3.59M	SH	$164.72M 2.03%	1.19M	2.41M
ISHARES TRSOLE	GLOBAL REIT ETF	6.28M	SH	$156.77M 1.93%	2.26M	4.02M
ISHARES TRSOLE	USD INV GRDE ETF	2.95M	SH	$152.91M 1.88%	0.00	2.95M
ISHARES INCSOLE	MSCI EMRG CHN	1.76M	SH	$127.76M 1.57%	641.42K	1.12M
DBX ETF TRSOLE	XTRACK USD HIGH	3.29M	SH	$121.24M 1.49%	726.04K	2.57M
VANGUARD BD INDEX FDSSOLE	SHORT TRM BOND	1.53M	SH	$120.97M 1.49%	0.00	1.53M
VANECK ETF TRUSTSOLE	JP MRGAN EM LOC	4.42M	SH	$114.10M 1.41%	1.03M	3.39M
ISHARES TRSOLE	IBOXX INV CP ETF	872.33K	SH	$96.12M 1.18%	485.39K	386.93K
ISHARES TRSOLE	US SML CAP EQT	1.21M	SH	$90.71M 1.12%	375.51K	835.89K
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	1.35M	SH	$79.18M 0.98%	261.42K	1.09M
ISHARES TRSOLE	MSCI EAFE ETF	821.33K	SH	$78.87M 0.97%	0.00	821.33K
ISHARES TRSOLE	S&P 500 GRWT ETF	598.47K	SH	$73.77M 0.91%	0.00	598.47K
VANGUARD SCOTTSDALE FDSSOLE	MTG-BKD SECS ETF	1.55M	SH	$73.11M 0.90%	396.76K	1.16M
SCHWAB STRATEGIC TRSOLE	US DIVIDEND EQ	2.63M	SH	$72.07M 0.89%	0.00	2.63M

Page 1 of 27

…