Institutional Manager · CIK 0001800465

XML Financial, LLC

BETHESDA, MD · File #028-19740

Latest AUM

$1.23B

Positions

442

Top-10 Concentration

41.3%

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
NEW	PIMCO ETF TR	72201R585	+320,240	+$8.5M	$0
EXITED	SPDR SERIES TRUST	78464A672	-256,380	-$7.4M	$0
EXITED	UNILEVER PLC	904767704	-117,276	-$7.0M	$0
NEW	UNILEVER PLC	UNLYF	+89,544	+$5.9M	$0
REDUCE	SCHWAB STRATEGIC TR	808524300	-87,024	-$2.8M	+$1.1M
REDUCE	MICROSOFT CORP	MSFT	-5,280	-$2.6M	-$2.1M
REDUCE	VANECK ETF TRUST	92189F643	-19,861	-$2.1M	+$224,979
REDUCE	QUALCOMM INC	QCOM	-11,995	-$2.1M	+$346,118
REDUCE	APPLE INC	AAPL	-6,549	-$1.8M	+$2.1M
REDUCE	SCHWAB STRATEGIC TR	808524409	-59,562	-$1.8M	+$610,301

Sector Allocation

9.2%$112.3M

4.2%$51.4M

4.1%$50.5M

3.9%$47.3M

Consumer Discretionary

1.8%$22.7M

Energy

1.3%$16.1M

Materials

0.9%$10.8M

Consumer Staples

0.8%$9.9M

Communication Services

0.7%$9.0M

Utilities

0.5%$5.9M

Real Estate

0.1%$1.4M

Filing History

Feb 11, 202613F HOLDINGS REPORTQ/E Dec 2025442 pos · $1.23B
Oct 20, 202513F HOLDINGS REPORTQ/E Sep 2025393 pos · $1.23B
Jul 17, 202513F HOLDINGS REPORTQ/E Jun 2025393 pos · $1.16B
Apr 22, 202513F HOLDINGS REPORTQ/E Mar 2025373 pos · $1.07B
Jan 17, 202513F HOLDINGS REPORTQ/E Dec 2024358 pos · $1.09B
Nov 1, 202413F HOLDINGS REPORTQ/E Sep 2024348 pos · $1.08B
Jul 22, 202413F HOLDINGS REPORTQ/E Jun 2024337 pos · $993.7M
May 15, 202413F HOLDINGS REPORTQ/E Mar 2024340 pos · $976.5M
Nov 6, 202313F HOLDINGS REPORTQ/E Dec 2023316 pos · $834.4M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	SCHWAB STRATEGIC TR	808524300	1,501,657	$49.0M	6.31%
2	ISHARES TR	464287614	80,253	$38.0M	4.89%
3	ISHARES TR	46434V621	507,686	$35.2M	4.54%
4	SCHWAB STRATEGIC TR	808524409	1,160,962	$34.4M	4.43%
5	APPLE INC	AAPL	115,371	$31.4M	4.04%
6	ISHARES TR	464287622	83,601	$31.2M	4.02%
7	VANGUARD WORLD FD	92204A702	35,998	$27.1M	3.50%
8	MICROSOFT CORP	MSFT	55,204	$26.7M	3.44%
9	ISHARES TR	464287200	35,060	$24.0M	3.09%
10	ISHARES TR	464287499	244,325	$23.5M	3.03%
11	PIMCO CORPORATE & INCOME OPP	PTY	1,596,655	$20.6M	2.65%
12	VANGUARD BD INDEX FDS	921937827	250,935	$19.8M	2.55%
13	BERKSHIRE HATHAWAY INC DEL	BRK-A	34,703	$17.4M	2.25%
14	PIMCO ETF TR	72201R817	176,449	$17.3M	2.22%
15	SPDR SERIES TRUST	78464A359	188,094	$16.8M	2.16%
16	SPDR GOLD TR	GLD	40,112	$15.9M	2.05%
17	ISHARES TR	464287804	124,160	$14.9M	1.92%
18	ISHARES TR	464287788	112,672	$14.5M	1.87%
19	ISHARES TR	464287598	66,398	$14.0M	1.80%
20	JPMORGAN CHASE & CO.	VYLD	40,954	$13.2M	1.70%