Institutional Manager · CIK 0001706327

Johnson Financial Group, LLC

Denver, CO · File #028-18042

Latest AUM

$1.62B

Positions

120

Top-10 Concentration

90.9%

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	VANGUARD INDEX FDS	922908637	+908,240	+$285.9M	+$11.1M
ADD	VANGUARD TAX-MANAGED FDS	921943858	+1,177,377	+$73.6M	+$6.3M
ADD	VANGUARD INTL EQUITY INDEX F	922042858	+736,899	+$39.6M	-$615,225
ADD	VANGUARD INDEX FDS	922908751	+58,669	+$15.1M	+$418,704
ADD	SPDR S&P 500 ETF TR	SPY	+19,114	+$13.0M	+$38,623
REDUCE	PIMCO ETF TR	72201R833	-86,554	-$8.7M	-$450,001
ADD	NVIDIA CORPORATION	NVDA	+40,733	+$7.6M	-$597
ADD	VANGUARD INDEX FDS	922908553	+78,189	+$6.9M	-$390,233
ADD	HERBALIFE LTD	HLF	+381,500	+$4.9M	+$146,850
ADD	SCHWAB STRATEGIC TR	808524201	+150,621	+$4.1M	+$57,334

Sector Allocation

Financials

1.6%$26.6M

Technology

1.6%$26.5M

Consumer Staples

0.4%$6.4M

Consumer Discretionary

0.2%$2.9M

Healthcare

0.1%$2.4M

Energy

0.1%$1.4M

Communication Services

0.1%$1.3M

Materials

0.1%$1.0M

Industrials

0.0%$471,409

Filing History

Feb 10, 202613F HOLDINGS REPORTQ/E Dec 2025120 pos · $1.62B
Oct 30, 202513F HOLDINGS REPORTQ/E Sep 202590 pos · $1.09B
Aug 11, 202513F HOLDINGS REPORTQ/E Jun 202577 pos · $1.06B
May 12, 202513F HOLDINGS REPORTQ/E Mar 202599 pos · $947.6M
Feb 4, 202513F HOLDINGS REPORTQ/E Dec 202450 pos · $854.0M
Oct 30, 202413F HOLDINGS REPORTQ/E Sep 202445 pos · $822.8M
Aug 1, 202413F HOLDINGS REPORTQ/E Jun 202441 pos · $764.7M
May 10, 202413F HOLDINGS REPORTQ/E Mar 202437 pos · $792.3M
Nov 7, 202313F HOLDINGS REPORTQ/E Dec 202339 pos · $700.1M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD INDEX FDS	922908637	2,511,871	$790.7M	49.86%
2	VANGUARD TAX-MANAGED FDS	921943858	3,658,192	$228.5M	14.41%
3	PIMCO ETF TR	72201R833	1,199,071	$120.3M	7.59%
4	VANGUARD INTL EQUITY INDEX F	922042858	2,201,823	$118.4M	7.46%
5	VANGUARD INDEX FDS	922908769	169,315	$56.8M	3.58%
6	VANGUARD INDEX FDS	922908751	172,775	$44.6M	2.81%
7	SCHWAB STRATEGIC TR	808524888	741,684	$33.8M	2.13%
8	VANGUARD INDEX FDS	922908553	211,364	$18.7M	1.18%
9	SCHWAB STRATEGIC TR	808524805	646,379	$15.5M	0.98%
10	SPDR S&P 500 ETF TR	SPY	21,570	$14.7M	0.93%
11	INVESCO ACTVELY MNGD ETC FD	IVZ	966,809	$12.8M	0.81%
12	VANGUARD INTL EQUITY INDEX F	922042718	83,659	$12.0M	0.76%
13	NVIDIA CORPORATION	NVDA	48,178	$9.0M	0.57%
14	SCHWAB STRATEGIC TR	808524201	251,219	$6.8M	0.43%
15	APPLE INC	AAPL	23,254	$6.3M	0.40%
16	SCHWAB STRATEGIC TR	808524706	191,573	$6.3M	0.40%
17	ISHARES INC	464286475	91,039	$6.1M	0.39%
18	ISHARES TR	464287200	8,469	$5.8M	0.37%
19	HERBALIFE LTD	HLF	414,500	$5.3M	0.34%
20	BERKSHIRE HATHAWAY INC DEL	BRK-A	6	$4.5M	0.29%