Institutional Manager · CIK 0001424717

Plante Moran Financial Advisors, LLC

SOUTHFIELD, MI · File #028-13061

Latest AUM

$1.58B

Positions

811

Top-10 Concentration

93.5%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	VANGUARD S&P 500 ETF	922908363	-102,264	-$64.1M	+$22.3M
ADD	VANGUARD FTSE DEVELOPED MARKETS ETF	921943858	+169,633	+$10.6M	+$5.4M
ADD	VANGUARD EXTENDED MARKET ETF	922908652	+31,142	+$6.5M	-$161,284
ADD	VANGUARD SMALL CAP VALUE ETF	922908611	+18,336	+$3.9M	+$364,645
REDUCE	VANGUARD LARGE-CAP ETF	922908637	-11,790	-$3.7M	+$2.2M
REDUCE	PEPSICO INC COM	PEP	-17,303	-$2.5M	+$84,028
ADD	ISHARES GOLD TRUST	IAU	+22,283	+$1.8M	+$34,835
REDUCE	NVIDIA CORPORATION COM	NVDA	-9,610	-$1.8M	-$1,247
REDUCE	APPLE INC COM	AAPL	-4,609	-$1.3M	+$1.0M
NEW	ISHARES CORE U.S. AGGREGATE BOND ETF	464287226	+11,742	+$1.2M	$0

Sector Allocation

Technology

1.9%$30.1M

Healthcare

0.7%$11.5M

Financials

0.7%$11.4M

Consumer Discretionary

0.7%$10.9M

Industrials

0.3%$5.6M

Energy

0.3%$4.8M

Consumer Staples

0.1%$2.5M

Communication Services

0.1%$1.9M

Utilities

0.0%$670,659

Materials

0.0%$547,265

Real Estate

0.0%$151,625

Filing History

Feb 5, 202613F HOLDINGS REPORTQ/E Dec 2025811 pos · $1.58B
Nov 5, 202513F HOLDINGS REPORTQ/E Sep 2025786 pos · $1.59B
Aug 5, 202513F HOLDINGS REPORTQ/E Jun 2025772 pos · $1.42B
May 8, 202513F HOLDINGS REPORTQ/E Mar 2025801 pos · $1.16B
Feb 5, 202513F HOLDINGS REPORTQ/E Dec 2024911 pos · $1.20B
Oct 30, 202413F HOLDINGS REPORTQ/E Sep 2024877 pos · $1.17B
Aug 12, 202413F HOLDINGS REPORTQ/E Jun 2024813 pos · $1.00B
May 9, 202413F HOLDINGS REPORTQ/E Mar 2024846 pos · $930.7M
Nov 7, 202313F HOLDINGS REPORTQ/E Dec 2023781 pos · $832.5M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD S&P 500 ETF	922908363	1,406,636	$882.1M	58.74%
2	VANGUARD EXTENDED MARKET ETF	922908652	764,572	$159.9M	10.65%
3	VANGUARD FTSE DEVELOPED MARKETS ETF	921943858	2,282,614	$142.6M	9.49%
4	VANGUARD LARGE-CAP ETF	922908637	307,042	$96.7M	6.44%
5	VANGUARD SMALL CAP VALUE ETF	922908611	136,768	$29.0M	1.93%
6	ISHARES NATIONAL MUNI BOND ETF	464288414	237,402	$25.4M	1.69%
7	SPDR S&P 500 ETF TRUST	SPY	28,731	$19.6M	1.30%
8	SCHWAB U.S. MID-CAP ETF	808524508	628,481	$18.9M	1.26%
9	SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF	78463X889	349,598	$15.5M	1.03%
10	APPLE INC COM	AAPL	55,173	$15.0M	1.00%
11	ISHARES CORE S&P 500 ETF	464287200	14,548	$10.0M	0.66%
12	MICROSOFT CORP COM	MSFT	15,866	$7.7M	0.51%
13	VANGUARD TOTAL STOCK MARKET ETF	922908769	19,599	$6.6M	0.44%
14	AMAZON COM INC COM	AMZN	23,803	$5.5M	0.37%
15	ALPHABET INC CAP STK CL A	GOOG	14,914	$4.7M	0.31%
16	VANGUARD GROWTH ETF	922908736	8,227	$4.0M	0.27%
17	ISHARES RUSSELL 1000 GROWTH ETF	464287614	7,613	$3.6M	0.24%
18	ALPHABET INC CAP STK CL C	GOOG	11,230	$3.5M	0.23%
19	JOHNSON & JOHNSON COM	JNJ	15,879	$3.3M	0.22%
20	JPMORGAN CHASE & CO. COM	VYLD	9,751	$3.1M	0.21%