Institutional Manager · CIK 0002053669
DAHRING | CUSMANO LLC
NOVI, MI · File #028-24717
Latest AUM
$143.8M
Positions
49
Top-10 Concentration
75.4%
Filings
5
Portfolio Value Over Time
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 | SCHWAB STRATEGIC TR | 808524631 | +44,411 | +$1.2M | -$86,415 |
| ADD | PIMCO ETF TR | 72201R585 | +36,080 | +$962,614 | -$103,302 |
| ADD | FIDELITY COVINGTON TRUST | 316092360 | +17,980 | +$959,413 | +$391,549 |
| ADD | VANGUARD MALVERN FDS | 922020722 | +13,463 | +$694,422 | -$1,330 |
| ADD | SCHWAB STRATEGIC TR | 808524300 | +20,127 | +$656,543 | +$365,557 |
| REDUCE | T ROWE PRICE ETF INC | 87283Q867 | -15,757 | -$602,237 | +$35,804 |
| REDUCE | ISHARES TR | 46435G250 | -11,790 | -$558,256 | -$16,074 |
| REDUCE | ISHARES GOLD TR | IAU | -6,337 | -$514,371 | +$470,184 |
| EXITED | AUTOZONE INC | 053332102 | -102 | -$437,604 | $0 |
| ADD | FIDELITY COVINGTON TRUST | 31609A206 | +11,578 | +$437,417 | +$313,049 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202549 pos · $143.8M
- 13F HOLDINGS REPORTQ/E Sep 202553 pos · $138.4M
- 13F HOLDINGS REPORTQ/E Jun 202555 pos · $128.3M
- 13F HOLDINGS REPORTQ/E Mar 202555 pos · $116.1M
- 13F HOLDINGS REPORTQ/E Dec 202461 pos · $110.3M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | PIMCO ETF TR | 72201R585 | 681,755 | $18.2M | 12.65% |
| 2 | SCHWAB STRATEGIC TR | 808524300 | 534,982 | $17.5M | 12.14% |
| 3 | FIDELITY COVINGTON TRUST | 316092360 | 314,608 | $16.8M | 11.67% |
| 4 | FIDELITY MERRIMACK STR TR | 316188309 | 236,532 | $10.9M | 7.57% |
| 5 | FIDELITY COVINGTON TRUST | 31609A206 | 268,173 | $10.1M | 7.05% |
| 6 | INVESCO EXCHANGE TRADED FD T | IVZ | 89,764 | $9.2M | 6.39% |
| 7 | SCHWAB STRATEGIC TR | 808524631 | 323,169 | $8.5M | 5.94% |
| 8 | FIDELITY COVINGTON TRUST | 316092352 | 125,635 | $6.9M | 4.79% |
| 9 | FIDELITY COVINGTON TRUST | 31609A404 | 173,213 | $6.3M | 4.41% |
| 10 | ISHARES GOLD TR | IAU | 49,638 | $4.0M | 2.80% |
| 11 | FIDELITY COVINGTON TRUST | 316092808 | 15,663 | $3.5M | 2.45% |
| 12 | VANGUARD INDEX FDS | 922908637 | 11,103 | $3.5M | 2.43% |
| 13 | T ROWE PRICE ETF INC | 87283Q503 | 79,956 | $3.4M | 2.38% |
| 14 | T ROWE PRICE ETF INC | 87283Q701 | 42,885 | $2.1M | 1.49% |
| 15 | CAPITAL GROUP CORE BALANCED | 14021D107 | 59,605 | $2.1M | 1.46% |
| 16 | T ROWE PRICE ETF INC | 87283Q867 | 53,059 | $2.0M | 1.41% |
| 17 | VANGUARD WORLD FD | 92204A504 | 5,997 | $1.7M | 1.20% |
| 18 | T ROWE PRICE ETF INC | 87283Q826 | 43,717 | $1.6M | 1.09% |
| 19 | VANGUARD MALVERN FDS | 922020722 | 20,650 | $1.1M | 0.74% |
| 20 | ISHARES TR | 46435G250 | 20,635 | $977,066 | 0.68% |