Institutional Manager · CIK 0001698091

Narus Financial Partners, LLC

SALT LAKE CITY, UT · File #028-17958

Latest AUM

$363.0M

Positions

162

Top-10 Concentration

70.1%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

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	WALMART INC	WMT	+1,359,389	+$151.4M	+$197,584
ADD	SELECT SECTOR SPDR TR	81369Y803	+56,599	+$8.1M	-$1.2M
ADD	SPDR GOLD TR	GLD	+19,945	+$7.9M	+$516,340
ADD	NVIDIA CORPORATION	NVDA	+25,622	+$4.8M	-$1,314
ADD	VANGUARD INDEX FDS	922908769	+12,733	+$4.3M	+$11,215
ADD	VANGUARD TAX-MANAGED FDS	921943858	+65,877	+$4.1M	+$130,584
ADD	ISHARES TR	464288877	+41,781	+$3.0M	+$69,544
ADD	VANGUARD WORLD FD	92204A884	+13,401	+$2.6M	+$42,781
ADD	APPLE INC	AAPL	+9,382	+$2.6M	+$181,581
ADD	SPDR SERIES TRUST	78464A672	+86,378	+$2.5M	-$91

Sector Allocation

Consumer Staples

42.4%$154.1M

Technology

5.6%$20.2M

Financials

4.0%$14.7M

Consumer Discretionary

1.1%$4.1M

Communication Services

0.8%$2.9M

Healthcare

0.7%$2.6M

Industrials

0.6%$2.1M

Energy

0.5%$1.8M

Filing History

Feb 9, 202613F HOLDINGS REPORT (Amended)Q/E Dec 2025171 pos · $365.5M
Feb 9, 202613F HOLDINGS REPORTQ/E Dec 2025162 pos · $363.0M
Dec 29, 202513F HOLDINGS REPORTQ/E Dec 2025117 pos · $93.9M
Jul 14, 202513F HOLDINGS REPORTQ/E Jun 2025157 pos · $320.4M
Apr 30, 202513F HOLDINGS REPORTQ/E Mar 2025149 pos · $294.0M
Jan 23, 202513F HOLDINGS REPORTQ/E Dec 2024145 pos · $295.7M
Oct 18, 202413F HOLDINGS REPORTQ/E Sep 2024149 pos · $278.9M
Jul 17, 202413F HOLDINGS REPORTQ/E Jun 2024142 pos · $248.1M
May 14, 202413F HOLDINGS REPORTQ/E Mar 202470 pos · $136.3M
May 14, 202413F HOLDINGS REPORTQ/E Mar 202472 pos · $129.3M
May 14, 202413F HOLDINGS REPORTQ/E Mar 202479 pos · $142.8M
Apr 18, 202413F HOLDINGS REPORTQ/E Mar 2024142 pos · $234.3M
Mar 7, 202413F HOLDINGS REPORTQ/E Mar 2024107 pos · $167.8M
Oct 30, 202313F HOLDINGS REPORTQ/E Dec 2023124 pos · $194.9M
Oct 12, 202313F HOLDINGS REPORTQ/E Dec 2023112 pos · $157.0M
Oct 12, 202313F HOLDINGS REPORTQ/E Dec 2023114 pos · $173.2M
Oct 12, 202313F HOLDINGS REPORTQ/E Dec 2023110 pos · $158.2M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	WALMART INC	WMT	1,493,950	$154.0M	50.63%
2	SPDR GOLD TR	GLD	32,441	$11.5M	3.79%
3	SELECT SECTOR SPDR TR	81369Y803	33,121	$9.3M	3.07%
4	NVIDIA CORPORATION	NVDA	41,655	$7.8M	2.56%
5	VANGUARD TAX-MANAGED FDS	921943858	116,875	$7.0M	2.30%
6	VANGUARD INDEX FDS	922908629	19,516	$5.7M	1.89%
7	APPLE INC	AAPL	19,871	$5.1M	1.66%
8	VANGUARD INDEX FDS	922908769	14,255	$4.7M	1.54%
9	ISHARES TR	464288877	61,015	$4.1M	1.36%
10	VANGUARD WORLD FD	92204A884	20,841	$3.9M	1.29%
11	SELECT SECTOR SPDR TR	81369Y605	67,499	$3.6M	1.20%
12	VANGUARD INDEX FDS	922908751	13,175	$3.4M	1.10%
13	INVESCO EXCH TRADED FD TR II	IVZ	62,429	$3.3M	1.09%
14	ISHARES TR	464288273	42,525	$3.3M	1.07%
15	ALPHABET INC	GOOG	13,226	$3.2M	1.06%
16	VANGUARD INDEX FDS	922908744	16,390	$3.1M	1.01%
17	DIMENSIONAL ETF TRUST	25434V500	42,551	$2.9M	0.96%
18	INVESCO DB MULTI-SECTOR COMM	IVZ	216,472	$2.9M	0.96%
19	ISHARES TR	464287499	29,218	$2.8M	0.93%
20	ISHARES TR	464288414	26,374	$2.8M	0.92%