Institutional Manager · CIK 0001906967

Evolution Advisers, Inc.

RICHMOND, VA · File #028-21683

Latest AUM

$222,390

Positions

161

Top-10 Concentration

83.7%

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
REDUCE	ISHARES TR	46435G672	-35,660	-$1,822	+$40
REDUCE	VANGUARD BD INDEX FDS	921937827	-11,098	-$877	+$59
REDUCE	VANGUARD TAX-MANAGED FDS	921943858	-14,392	-$869	-$1,262
REDUCE	VANGUARD INDEX FDS	922908736	-1,536	-$740	-$426
REDUCE	VANGUARD INDEX FDS	922908744	-3,574	-$668	-$542
REDUCE	VANGUARD INTL EQUITY INDEX F	922042858	-11,109	-$606	+$201
ADD	VANGUARD CHARLOTTE FDS	92203J407	+10,424	+$516	+$534
REDUCE	VANGUARD BD INDEX FDS	921937835	-10,072	-$504	-$242
REDUCE	VANGUARD BD INDEX FDS	921937819	-5,129	-$402	+$49
REDUCE	VANGUARD SCOTTSDALE FDS	92206C771	-8,506	-$401	+$8

Sector Allocation

9.2%$20,512

1.0%$2,217

0.4%$987

0.3%$769

0.3%$645

0.3%$644

Consumer Discretionary

0.3%$569

Utilities

0.2%$489

Materials

0.0%$85

Real Estate

0.0%$7

Communication Services

0.0%$6

Filing History

Jan 23, 202613F HOLDINGS REPORTQ/E Dec 2025161 pos · $222,390
Jan 23, 202613F HOLDINGS REPORTQ/E Dec 2025170 pos · $230,944
Jul 25, 202513F HOLDINGS REPORTQ/E Jun 2025156 pos · $203,964
May 9, 202513F HOLDINGS REPORTQ/E Mar 2025161 pos · $190,001
Jan 29, 202513F HOLDINGS REPORTQ/E Dec 2024184 pos · $183,013
Oct 18, 202413F HOLDINGS REPORTQ/E Sep 2024196 pos · $183,670
Jul 26, 202413F HOLDINGS REPORTQ/E Jun 2024185 pos · $169,388
May 3, 202413F HOLDINGS REPORTQ/E Mar 2024185 pos · $169,388
Oct 20, 202313F HOLDINGS REPORTQ/E Dec 2023142 pos · $138,161

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD TAX-MANAGED FDS	921943858	586,751	$35,422	16.29%
2	VANGUARD INDEX FDS	922908736	69,481	$33,480	15.39%
3	VANGUARD INDEX FDS	922908744	127,912	$23,902	10.99%
4	VANGUARD CHARLOTTE FDS	92203J407	468,494	$23,183	10.66%
5	VANGUARD BD INDEX FDS	921937827	221,979	$17,550	8.07%
6	VANGUARD INTL EQUITY INDEX F	922042858	252,854	$13,785	6.34%
7	VANGUARD SCOTTSDALE FDS	92206C771	208,527	$9,824	4.52%
8	VANGUARD BD INDEX FDS	921937793	129,995	$9,239	4.25%
9	VANGUARD INDEX FDS	922908751	30,907	$7,880	3.62%
10	VANGUARD BD INDEX FDS	921937819	98,704	$7,733	3.56%
11	NUSHARES ETF TR	NU	182,125	$6,907	3.18%
12	NUSHARES ETF TR	NU	31,911	$3,171	1.46%
13	NUSHARES ETF TR	NU	121,431	$2,733	1.26%
14	NUSHARES ETF TR	NU	61,270	$2,688	1.24%
15	NUSHARES ETF TR	NU	60,485	$2,176	1.00%
16	INVESCO EXCHANGE TRADED FD T	IVZ	24,300	$1,580	0.73%
17	VANGUARD INDEX FDS	922908363	2,479	$1,523	0.70%
18	SCHWAB STRATEGIC TR	808524201	55,773	$1,474	0.68%
19	APPLE INC	AAPL	5,419	$1,384	0.64%
20	GENWORTH FINL INC	37247D106	121,849	$1,075	0.49%