Institutional Manager · CIK 0001965329

STAR Financial Bank

FORT WAYNE, IN · File #028-22866

Latest AUM

$195.7M

Positions

116

Top-10 Concentration

56.7%

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 VALUE ETF	922908744	+26,705	+$5.1M	+$350,365
NEW	VANGUARD MIDCAP VIPER ETF	922908629	+14,576	+$4.2M	$0
ADD	BONDBLOXX ETF TRUST	09789C788	+82,378	+$4.1M	-$2,535
NEW	VANGUARD INDEX FDS	922908736	+8,329	+$4.1M	$0
ADD	VANGUARD FTSE DEVELOPED MARKET ETF	921943858	+56,709	+$3.5M	+$15,726
NEW	ISHARES US TREASURY BOND ETF	46429B267	+121,608	+$2.8M	$0
ADD	ISHARES CORE S&P SMALL CAP ETF	464287804	+15,495	+$1.9M	+$40,412
NEW	ISHARES CORE TOTAL U.S. BOND MARKET ETF	464287226	+15,423	+$1.5M	$0
REDUCE	BROADCOM INC	AVGO	-2,576	-$891,554	+$72,305
EXITED	ISHARES TR	46434VBD1	-29,685	-$747,765	$0

Sector Allocation

13.5%$26.5M

4.6%$9.1M

1.3%$2.5M

1.2%$2.3M

Consumer Discretionary

1.1%$2.1M

Industrials

0.9%$1.8M

Consumer Staples

0.5%$1.1M

Communication Services

0.2%$398,694

Energy

0.2%$394,132

Utilities

0.1%$265,088

Filing History

Feb 13, 202613F HOLDINGS REPORTQ/E Dec 2025116 pos · $195.7M
Nov 14, 202513F HOLDINGS REPORTQ/E Sep 2025128 pos · $169.1M
Aug 14, 202513F HOLDINGS REPORTQ/E Jun 2025127 pos · $157.7M
May 5, 202513F HOLDINGS REPORTQ/E Mar 2025119 pos · $136.6M
Feb 14, 202513F HOLDINGS REPORTQ/E Dec 2024125 pos · $138.9M
Nov 8, 202413F HOLDINGS REPORTQ/E Sep 2024123 pos · $148.4M
Aug 7, 202413F HOLDINGS REPORTQ/E Jun 2024110 pos · $129.8M
May 3, 202413F HOLDINGS REPORTQ/E Mar 202490 pos · $117.0M
Nov 6, 202313F HOLDINGS REPORTQ/E Dec 202388 pos · $97.5M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES RUSSELL 1000 GROWTH ETF	464287614	44,505	$21.1M	12.08%
2	VANGUARD VALUE ETF	922908744	104,564	$20.0M	11.46%
3	BONDBLOXX ETF TRUST	09789C853	208,606	$10.3M	5.92%
4	BLACKROCK ETF TRUST II	BLK	191,689	$10.1M	5.80%
5	BLACKROCK ETF TRUST II	BLK	184,300	$9.5M	5.47%
6	FIRST TRUST AAA	33738D762	439,732	$9.0M	5.17%
7	ISHARES CORE S&P SMALL CAP ETF	464287804	45,430	$5.5M	3.13%
8	BONDBLOXX ETF TRUST	09789C788	97,289	$4.9M	2.80%
9	VANGUARD MIDCAP VIPER ETF	922908629	14,576	$4.2M	2.43%
10	ISHARES CORE S&P MIDCAP ETF	464287507	64,012	$4.2M	2.42%
11	VANGUARD INDEX FDS	922908736	8,329	$4.1M	2.33%
12	BONDBLOXX ETF TRUST	09789C796	105,436	$4.0M	2.29%
13	VANGUARD FTSE DEVELOPED MARKET ETF	921943858	62,876	$3.9M	2.25%
14	JPMORGAN EQUITY PREMIUM INCOME ETF	46641Q332	66,412	$3.8M	2.18%
15	SPDR PORTFOLIO SHORT TERM CORPORATE BOND ETF	78464A474	122,799	$3.7M	2.13%
16	ISHARES TR	46435G847	93,743	$3.7M	2.12%
17	ISHARES TR	46429B663	27,848	$3.4M	1.94%
18	INVESCO QQQ TRUST SERIES 1	IVZ	5,353	$3.3M	1.89%
19	APPLE INC	AAPL	11,964	$3.3M	1.87%
20	MICROSOFT CORP	MSFT	6,122	$3.0M	1.70%