Institutional Manager · CIK 0001954126

David Kennon Inc

SARASOTA, FL · File #028-22678

Latest AUM

$281.3M

Positions

Top-10 Concentration

75.5%

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	INVESCO EXCHANGE TRADED FD T	IVZ	+206,047	+$11.8M	$0
REDUCE	VANGUARD BD INDEX FDS	92203C303	-116,483	-$5.8M	-$78,865
REDUCE	SSGA ACTIVE ETF TR	78467V707	-96,141	-$3.9M	-$37,295
REDUCE	VANGUARD INDEX FDS	922908363	-2,645	-$1.7M	+$1.7M
REDUCE	FIDELITY COMWLTH TR	315912808	-7,136	-$652,231	+$539,346
REDUCE	VANGUARD STAR FDS	921909768	-5,557	-$419,220	+$428,401
ADD	VANGUARD INDEX FDS	922908553	+3,474	+$307,414	-$230,670
REDUCE	VANGUARD INDEX FDS	922908769	-857	-$287,326	+$732,797
NEW	ELI LILLY & CO	LLY	+224	+$240,192	$0
REDUCE	VANGUARD WORLD FD	92204A876	-1,098	-$203,174	-$172,633

Sector Allocation

Financials

5.6%$15.7M

Technology

1.0%$2.8M

Consumer Discretionary

0.2%$651,374

Healthcare

0.1%$240,192

Filing History

Jan 26, 202613F HOLDINGS REPORTQ/E Dec 202538 pos · $281.3M
Nov 10, 202513F HOLDINGS REPORTQ/E Sep 202536 pos · $277.8M
Jul 17, 202513F HOLDINGS REPORTQ/E Jun 202536 pos · $267.7M
Apr 23, 202513F HOLDINGS REPORTQ/E Mar 202536 pos · $251.2M
Jan 23, 202513F HOLDINGS REPORTQ/E Dec 202436 pos · $253.5M
Oct 22, 202413F HOLDINGS REPORTQ/E Sep 202434 pos · $254.0M
Jul 25, 202413F HOLDINGS REPORTQ/E Jun 202434 pos · $238.1M
May 6, 202413F HOLDINGS REPORTQ/E Mar 202434 pos · $233.9M
Nov 7, 202313F HOLDINGS REPORTQ/E Dec 202327 pos · $208.7M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD INDEX FDS	922908363	111,761	$70.1M	24.91%
2	VANGUARD INDEX FDS	922908769	102,338	$34.3M	12.20%
3	FIDELITY COMWLTH TR	315912808	230,452	$21.1M	7.49%
4	VANGUARD BD INDEX FDS	92203C303	392,286	$19.6M	6.95%
5	VANGUARD STAR FDS	921909768	210,800	$15.9M	5.65%
6	VANGUARD INDEX FDS	922908751	47,353	$12.2M	4.34%
7	INVESCO EXCHANGE TRADED FD T	IVZ	206,047	$11.8M	4.18%
8	VANGUARD INDEX FDS	922908629	36,965	$10.7M	3.81%
9	FIDELITY COVINGTON TRUST	316092725	364,226	$9.4M	3.35%
10	VANGUARD INDEX FDS	922908553	82,207	$7.3M	2.59%
11	SPDR INDEX SHS FDS	78463X509	154,536	$7.2M	2.57%
12	VANGUARD WORLD FD	92204A876	38,406	$7.1M	2.53%
13	VANGUARD WORLD FD	92204A504	22,537	$6.5M	2.31%
14	VANGUARD WHITEHALL FDS	921946885	66,558	$4.5M	1.60%
15	SSGA ACTIVE ETF TR	78467V707	105,601	$4.3M	1.52%
16	GLOBAL X FDS	37954Y657	219,554	$4.2M	1.48%
17	ISHARES TR	46435U853	107,443	$4.0M	1.43%
18	GOLDMAN SACHS ETF TR	NVGLF	93,136	$3.9M	1.37%
19	ISHARES TR	46434V407	89,488	$3.8M	1.36%
20	VANGUARD BD INDEX FDS	921937835	46,009	$3.4M	1.21%