13F HOLDINGS REPORT

Clark Asset Management, LLC

Quarter ended Q3 2025 · Filed October 20, 2025 · Accession 0002063364-25-000222

Total Value

$860.4M

Positions

208

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (208)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	VANGUARD TAX-MANAGED FDS	921943858	2,181,395	$130.7M	15.19%
2	VANGUARD INDEX FDS	922908736	194,626	$93.3M	10.85%
3	VANGUARD INDEX FDS	922908744	426,081	$79.5M	9.23%
4	VANGUARD INTL EQUITY INDEX F	922042858	879,260	$47.6M	5.54%
5	VANGUARD INDEX FDS	922908751	137,444	$34.9M	4.06%
6	VANGUARD CHARLOTTE FDS	92203J407	674,446	$33.4M	3.88%
7	VANGUARD BD INDEX FDS	921937827	409,927	$32.3M	3.76%
8	APPLE INC	AAPL	87,981	$22.4M	2.60%
9	INVESCO EXCH TRD SLF IDX FD	IVZ	881,714	$18.2M	2.12%
10	VANGUARD INDEX FDS	922908769	53,393	$17.5M	2.04%
11	INVESCO EXCH TRD SLF IDX FD	IVZ	844,778	$17.4M	2.02%
12	INVESCO EXCH TRD SLF IDX FD	IVZ	859,144	$16.9M	1.97%
13	INVESCO EXCH TRD SLF IDX FD	IVZ	823,365	$16.1M	1.87%
14	VANGUARD BD INDEX FDS	921937819	206,038	$16.1M	1.87%
15	INVESCO EXCH TRD SLF IDX FD	IVZ	838,335	$15.8M	1.83%
16	VANGUARD MUN BD FDS	922907746	297,875	$14.9M	1.73%
17	VANGUARD SCOTTSDALE FDS	92206C771	309,551	$14.5M	1.69%
18	VANGUARD BD INDEX FDS	921937793	203,637	$14.4M	1.68%
19	INVESCO EXCH TRD SLF IDX FD	IVZ	791,757	$13.4M	1.56%
20	VANGUARD INDEX FDS	922908363	20,089	$12.3M	1.43%
21	INVESCO EXCH TRD SLF IDX FD	IVZ	623,103	$10.4M	1.21%
22	MICROSOFT CORP	MSFT	19,716	$10.2M	1.19%
23	INVESCO EXCH TRD SLF IDX FD	IVZ	336,498	$7.0M	0.82%
24	INVESCO QQQ TR	IVZ	10,863	$6.5M	0.76%
25	INVESCO EXCH TRD SLF IDX FD	IVZ	288,690	$6.2M	0.72%
26	AMAZON COM INC	AMZN	25,737	$5.7M	0.66%
27	NVIDIA CORPORATION	NVDA	24,449	$4.6M	0.53%
28	INVESCO EXCH TRD SLF IDX FD	IVZ	203,865	$4.3M	0.50%
29	VISA INC	V	12,371	$4.2M	0.49%
30	ISHARES TR	464287150	27,834	$4.1M	0.47%
31	DIMENSIONAL ETF TRUST	25434V708	104,951	$4.0M	0.47%
32	DIMENSIONAL ETF TRUST	25434V401	53,604	$3.9M	0.45%
33	VANGUARD INTL EQUITY INDEX F	922042775	51,396	$3.7M	0.43%
34	HOME DEPOT INC	HD	7,596	$3.1M	0.36%
35	ISHARES TR	464287200	4,462	$3.0M	0.35%
36	MASTERCARD INCORPORATED	MA	5,113	$2.9M	0.34%
37	META PLATFORMS INC	META	3,693	$2.7M	0.32%
38	TESLA INC	TSLA	6,046	$2.7M	0.31%
39	ALPHABET INC	GOOG	10,335	$2.5M	0.29%
40	JPMORGAN CHASE & CO.	VYLD	7,932	$2.5M	0.29%
41	BERKSHIRE HATHAWAY INC DEL	BRK-A	3	$2.3M	0.26%
42	CADENCE DESIGN SYSTEM INC	CDNS	6,299	$2.2M	0.26%
43	ALPHABET INC	GOOG	8,980	$2.2M	0.25%
44	BERKSHIRE HATHAWAY INC DEL	BRK-A	4,018	$2.0M	0.23%
45	JOHNSON & JOHNSON	JNJ	10,749	$2.0M	0.23%
46	SCHWAB STRATEGIC TR	808524805	82,481	$1.9M	0.22%
47	DEERE & CO	DE	4,023	$1.8M	0.21%
48	NORFOLK SOUTHN CORP	655844108	5,520	$1.7M	0.19%
49	ISHARES TR	46432F834	18,293	$1.5M	0.18%
50	AMERICAN CENTY ETF TR	025072877	15,106	$1.5M	0.17%
51	VANGUARD STAR FDS	921909768	20,273	$1.5M	0.17%
52	INVESCO EXCH TRD SLF IDX FD	IVZ	63,891	$1.4M	0.16%
53	INVESCO EXCH TRD SLF IDX FD	IVZ	66,481	$1.4M	0.16%
54	SCHWAB STRATEGIC TR	808524102	53,257	$1.4M	0.16%
55	INVESCO EXCH TRD SLF IDX FD	IVZ	55,609	$1.3M	0.15%
56	INVESCO EXCH TRD SLF IDX FD	IVZ	55,851	$1.3M	0.15%
57	TRANE TECHNOLOGIES PLC	TT	3,016	$1.3M	0.15%
58	DIMENSIONAL ETF TRUST	25434V740	39,563	$1.3M	0.15%
59	SPDR S&P 500 ETF TR	SPY	1,863	$1.2M	0.14%
60	ISHARES TR	464288356	21,113	$1.2M	0.14%
61	DIMENSIONAL ETF TRUST	25434V609	20,648	$1.2M	0.14%
62	DIMENSIONAL ETF TRUST	25434V724	26,431	$1.2M	0.14%
63	DIMENSIONAL ETF TRUST	25434V807	25,598	$1.2M	0.14%
64	INVESCO EXCH TRD SLF IDX FD	IVZ	45,515	$1.1M	0.13%
65	DIMENSIONAL ETF TRUST	25434V880	35,693	$1.1M	0.13%
66	INVESCO EXCH TRD SLF IDX FD	IVZ	45,591	$1.1M	0.13%
67	AMERICAN CENTY ETF TR	025072802	11,980	$1.1M	0.12%
68	WORLD GOLD TR	GLDW	13,827	$1.1M	0.12%
69	INVESCO EXCH TRD SLF IDX FD	IVZ	49,508	$1.0M	0.12%
70	INTERNATIONAL BUSINESS MACHS	INTR	3,542	$999,411	0.12%
71	SPDR GOLD TR	GLD	2,807	$997,804	0.12%
72	ISHARES TR	46432F842	11,339	$990,008	0.12%
73	PROCTER AND GAMBLE CO	742718109	6,280	$964,951	0.11%
74	NETFLIX INC	NFLX	788	$944,749	0.11%
75	ISHARES TR	46429B689	10,799	$916,079	0.11%
76	SPDR INDEX SHS FDS	78463X889	21,288	$910,914	0.11%
77	VANGUARD SPECIALIZED FUNDS	921908844	4,215	$909,540	0.11%
78	VANGUARD WELLINGTON FD	921935607	6,298	$908,639	0.11%
79	ISHARES TR	464287655	3,752	$907,834	0.11%
80	DIMENSIONAL ETF TRUST	25434V500	12,777	$874,696	0.10%
81	INVESCO EXCH TRD SLF IDX FD	IVZ	36,900	$871,754	0.10%
82	DIMENSIONAL ETF TRUST	25434V799	26,156	$857,670	0.10%
83	EA SERIES TRUST	02072L433	23,942	$827,766	0.10%
84	INVESCO EXCH TRADED FD TR II	IVZ	11,200	$822,986	0.10%
85	ABBVIE INC	ABBV	3,375	$781,404	0.09%
86	PROSHARES TR	74348A467	7,289	$751,277	0.09%
87	ISHARES INC	46434G103	11,345	$747,883	0.09%
88	GAP INC	GAP	34,529	$738,575	0.09%
89	ANALOG DEVICES INC	ADI	2,899	$712,284	0.08%
90	EMERSON ELEC CO	EMR	5,422	$711,258	0.08%
91	BANK AMERICA CORP	060505104	13,567	$699,927	0.08%
92	ISHARES TR	464287614	1,489	$697,565	0.08%
93	SPDR DOW JONES INDL AVERAGE	78467X109	1,475	$683,916	0.08%
94	EXXON MOBIL CORP	XOM	5,921	$667,593	0.08%
95	CATERPILLAR INC	CAT	1,398	$667,056	0.08%
96	SPDR SERIES TRUST	78464A284	26,599	$663,113	0.08%
97	FISERV INC	FISV	5,130	$661,411	0.08%
98	BROADCOM INC	AVGO	2,000	$659,853	0.08%
99	MCDONALDS CORP	MCD	2,132	$648,038	0.08%
100	ISHARES TR	464287804	5,448	$647,370	0.08%
101	VANGUARD BD INDEX FDS	921937835	8,640	$642,528	0.07%
102	SCHWAB STRATEGIC TR	808524771	23,388	$615,104	0.07%
103	WALMART INC	WMT	5,931	$611,206	0.07%
104	VANGUARD INDEX FDS	922908629	2,081	$611,202	0.07%
105	GARMIN LTD	GRMN	2,450	$603,239	0.07%
106	ISHARES TR	46435G672	11,603	$594,422	0.07%
107	ORACLE CORP	ORCL-PD	2,103	$591,448	0.07%
108	ISHARES TR	464287846	3,540	$575,172	0.07%
109	RTX CORPORATION	RTX	3,408	$570,261	0.07%
110	SPDR SERIES TRUST	78468R101	19,383	$568,310	0.07%
111	VANGUARD SCOTTSDALE FDS	92206C870	6,715	$564,836	0.07%
112	ELI LILLY & CO	LLY	738	$563,094	0.07%
113	COLGATE PALMOLIVE CO	CL	7,021	$561,259	0.07%
114	VANGUARD WHITEHALL FDS	921946406	3,891	$548,367	0.06%
115	ABBOTT LABS	ABLZF	4,079	$546,304	0.06%
116	ENERGY TRANSFER L P	ET-PI	30,825	$528,962	0.06%
117	3M CO	MMM	3,373	$523,388	0.06%
118	AUTOMATIC DATA PROCESSING IN	ADP	1,778	$521,852	0.06%
119	WEX INC	WEX	3,265	$514,335	0.06%
120	ISHARES TR	464287465	5,502	$513,722	0.06%
121	INVESCO EXCH TRADED FD TR II	IVZ	6,538	$511,353	0.06%
122	INVESCO EXCH TRD SLF IDX FD	IVZ	19,751	$504,536	0.06%
123	WISDOMTREE TR	WT	5,523	$491,326	0.06%
124	INVESCO EXCHANGE TRADED FD T	IVZ	4,003	$454,821	0.05%
125	VANGUARD INTL EQUITY INDEX F	922042742	3,093	$426,283	0.05%
126	COSTCO WHSL CORP NEW	22160K105	455	$421,162	0.05%
127	ISHARES TR	464287622	1,135	$414,820	0.05%
128	MERCK & CO INC	MRK	4,804	$403,200	0.05%
129	GE AEROSPACE	369604301	1,321	$397,388	0.05%
130	SCHWAB STRATEGIC TR	808524300	12,414	$396,131	0.05%
131	WISDOMTREE TR	WT	8,461	$389,883	0.05%
132	AGF INVTS TR	00110G408	23,382	$372,241	0.04%
133	DIMENSIONAL ETF TRUST	25434V831	9,802	$370,222	0.04%
134	SPDR SERIES TRUST	78468R663	3,993	$366,358	0.04%
135	VANGUARD WORLD FD	921910733	3,088	$365,743	0.04%
136	INVESCO EXCH TRD SLF IDX FD	IVZ	15,009	$365,158	0.04%
137	SELECT SECTOR SPDR TR	81369Y803	1,275	$359,372	0.04%
138	VANGUARD INDEX FDS	922908611	1,715	$358,038	0.04%
139	PFIZER INC	PFE	13,977	$356,134	0.04%
140	VANGUARD WORLD FD	921910725	4,926	$341,717	0.04%
141	VANGUARD INDEX FDS	922908512	1,935	$337,836	0.04%
142	UBER TECHNOLOGIES INC	UBER	3,414	$334,470	0.04%
143	BLACKROCK INC	BLK	284	$330,642	0.04%
144	ISHARES TR	464287234	6,174	$329,706	0.04%
145	ISHARES TR	46435G102	3,264	$326,563	0.04%
146	ISHARES TR	464288588	3,431	$326,460	0.04%
147	AMERICAN EXPRESS CO	AXP	982	$326,033	0.04%
148	INVESCO EXCH TRADED FD TR II	IVZ	1,307	$322,988	0.04%
149	ISHARES TR	464287515	2,795	$321,453	0.04%
150	GOLDMAN SACHS GROUP INC	GSCE	402	$320,133	0.04%
151	VANECK ETF TRUST	92189F676	980	$319,833	0.04%
152	FIDELITY COMWLTH TR	315912808	3,578	$318,907	0.04%
153	SPDR SERIES TRUST	78464A672	10,999	$317,871	0.04%
154	DIMENSIONAL ETF TRUST	25434V815	9,932	$316,235	0.04%
155	ISHARES INC	46434G822	3,938	$315,867	0.04%
156	TAIWAN SEMICONDUCTOR MFG LTD	874039100	1,113	$310,850	0.04%
157	CROWDSTRIKE HLDGS INC	CRWD	622	$305,016	0.04%
158	GLOBAL X FDS	37954Y673	6,396	$304,641	0.04%
159	BUCKLE INC	BKE	5,179	$303,800	0.04%
160	VANGUARD INDEX FDS	922908553	3,309	$302,532	0.04%
161	VANGUARD WORLD FD	92204A207	1,415	$302,428	0.04%
162	SCHWAB STRATEGIC TR	808524755	6,944	$298,314	0.03%
163	CISCO SYS INC	CSCO	4,273	$292,337	0.03%
164	INVESTMENT MANAGERS SER TR I	46141T117	15,726	$288,184	0.03%
165	PIMCO ETF TR	72201R866	5,470	$285,972	0.03%
166	SYNOPSYS INC	SNPS	576	$284,193	0.03%
167	SPDR SERIES TRUST	78464A664	10,536	$283,945	0.03%
168	WILLIAMS SONOMA INC	WSM	1,444	$282,230	0.03%
169	ON SEMICONDUCTOR CORP	ON	5,701	$281,116	0.03%
170	ISHARES TR	464288679	2,532	$279,760	0.03%
171	SPDR SERIES TRUST	78464A409	2,654	$277,318	0.03%
172	ISHARES TR	464287408	1,334	$275,484	0.03%
173	INVESCO EXCHANGE TRADED FD T	IVZ	2,737	$272,039	0.03%
174	COCA COLA CO	KO	3,991	$264,652	0.03%
175	VANGUARD INDEX FDS	922908595	889	$264,626	0.03%
176	ADVANCED MICRO DEVICES INC	AMD	1,630	$263,718	0.03%
177	SCHWAB STRATEGIC TR	808524607	9,334	$260,419	0.03%
178	SPDR SERIES TRUST	78464A854	3,316	$259,775	0.03%
179	AMERICAN CENTY ETF TR	025072885	2,358	$256,315	0.03%
180	VANGUARD WORLD FD	92204A702	334	$249,374	0.03%
181	SCHWAB STRATEGIC TR	808524201	9,425	$248,254	0.03%
182	ANNALY CAPITAL MANAGEMENT IN	NLY-PJ	12,225	$247,074	0.03%
183	INVESCO EXCH TRD SLF IDX FD	IVZ	10,065	$246,844	0.03%
184	GE VERNOVA INC	GEV	400	$245,960	0.03%
185	VANGUARD WHITEHALL FDS	921946810	2,740	$245,422	0.03%
186	VANGUARD INTL EQUITY INDEX F	922042718	1,672	$238,344	0.03%
187	INGERSOLL RAND INC	IR	2,813	$232,410	0.03%
188	ISHARES TR	464288414	2,171	$231,188	0.03%
189	QUALCOMM INC	QCOM	1,378	$229,244	0.03%
190	SCHWAB STRATEGIC TR	808524409	7,863	$228,892	0.03%
191	UNITEDHEALTH GROUP INC	UNH	652	$225,070	0.03%
192	TIDAL TRUST I	886364439	9,352	$220,792	0.03%
193	CHEVRON CORP NEW	CVX	1,415	$219,706	0.03%
194	ISHARES TR	464287705	1,684	$218,448	0.03%
195	SCHWAB STRATEGIC TR	808524763	7,000	$218,120	0.03%
196	ISHARES TR	464287457	2,571	$213,290	0.02%
197	ISHARES SILVER TR	SLV	5,021	$212,740	0.02%
198	WEC ENERGY GROUP INC	WEC	1,839	$210,731	0.02%
199	GLOBAL X FDS	37954Y632	4,254	$210,105	0.02%
200	FIRST TR EXCHANGE-TRADED FD	33734H106	4,522	$209,097	0.02%
201	FS CREDIT OPPORTUNITIES CORP	FSCO	29,974	$207,120	0.02%
202	AIRBNB INC	ABNB	1,682	$204,228	0.02%
203	WISDOMTREE TR	WT	7,111	$203,943	0.02%
204	SPDR SERIES TRUST	78468R812	1,180	$202,016	0.02%
205	PERMIAN BASIN RTY TR	714236106	10,000	$182,600	0.02%
206	NUVEEN QUALITY MUNCP INCOME	NU	15,500	$181,195	0.02%
207	DNP SELECT INCOME FD INC	23325P104	11,903	$119,149	0.01%
208	ORCHID IS CAP INC	68571X301	10,225	$71,677	0.01%