Institutional Manager · CIK 0001536924

LBMC INVESTMENT ADVISORS, LLC

Brentwood, TN · File #028-14681

Latest AUM

$1.63B

Positions

224

Top-10 Concentration

69.4%

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
ADD	ISHARES TR	46436E379	+407,675	+$9.6M	-$207,653
ADD	ISHARES TR	46436E122	+288,219	+$7.7M	-$99,399
EXITED	iShares iBonds Dec 2025 Term Muni Bond ETF	46435U432	-265,437	-$7.1M	$0
EXITED	iShares iBonds 2025 Term High Yield and Income ETF	46435U168	-296,042	-$6.9M	$0
ADD	ISHARES TR	46436E387	+197,029	+$4.7M	-$280,457
ADD	ISHARES TR	46436E163	+158,746	+$4.0M	-$26,058
ADD	ISHARES TR	46438G661	+107,074	+$2.8M	-$80,593
ADD	ISHARES TR	46436E478	+115,957	+$2.6M	-$247,975
REDUCE	ISHARES TR	464287200	-3,711	-$2.5M	+$6.7M
ADD	ISHARES TR	46438G687	+95,458	+$2.5M	-$2,200

Sector Allocation

17.1%$278.0M

2.5%$41.4M

1.9%$30.1M

0.8%$12.3M

Consumer Discretionary

0.7%$12.0M

Communication Services

0.3%$5.2M

0.3%$4.3M

0.2%$3.6M

0.2%$2.8M

0.0%$733,582

Filing History

Feb 12, 202613F HOLDINGS REPORTQ/E Dec 2025224 pos · $1.63B
Oct 7, 202513F HOLDINGS REPORTQ/E Sep 2025236 pos · $1.57B
Jul 9, 202513F HOLDINGS REPORTQ/E Jun 2025214 pos · $1.40B
Apr 9, 202513F HOLDINGS REPORTQ/E Mar 2025201 pos · $1.28B
Jan 16, 202513F HOLDINGS REPORTQ/E Dec 2024198 pos · $1.27B
Oct 8, 202413F HOLDINGS REPORTQ/E Sep 2024195 pos · $1.27B
Jul 11, 202413F HOLDINGS REPORTQ/E Jun 2024187 pos · $1.15B
Apr 12, 202413F HOLDINGS REPORTQ/E Mar 2024186 pos · $1.15B
Oct 5, 202313F HOLDINGS REPORTQ/E Dec 2023160 pos · $939.9M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464287200	427,413	$292.8M	19.95%
2	INVESCO EXCHANGE TRADED FD T	IVZ	1,332,133	$255.2M	17.39%
3	ISHARES TR	464287655	709,274	$174.6M	11.90%
4	ISHARES TR	46429B663	456,776	$55.5M	3.79%
5	ISHARES TR	46432F842	597,678	$53.5M	3.64%
6	ISHARES TR	464287465	490,106	$47.1M	3.21%
7	ISHARES TR	46436E387	1,712,997	$40.6M	2.76%
8	ISHARES TR	46436E478	1,574,653	$35.1M	2.40%
9	ISHARES TR	464287168	229,113	$32.3M	2.20%
10	ISHARES TR	46436E379	1,351,581	$31.9M	2.18%
11	VANGUARD TAX-MANAGED FDS	921943858	417,437	$26.1M	1.78%
12	ISHARES TR	46436E528	1,106,196	$25.5M	1.74%
13	VANGUARD WHITEHALL FDS	921946406	173,630	$24.9M	1.70%
14	ISHARES TR	46436E122	809,669	$21.5M	1.47%
15	ISHARES TR	464287804	176,815	$21.2M	1.45%
16	HCA HEALTHCARE INC	HCA	43,999	$20.5M	1.40%
17	APPLE INC	AAPL	63,834	$17.4M	1.18%
18	ISHARES TR	464287309	127,392	$15.7M	1.07%
19	VANGUARD INDEX FDS	922908363	24,883	$15.6M	1.06%
20	ISHARES TR	464287564	253,776	$15.1M	1.03%