SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Valmark Advisers, Inc.

CIK 0001380443 · 130 SPRINGSIDE DRIVE, SUITE 300, AKRON, OH, 44333 · 330-576-1234

Reported Value
$5.3B
Q4 2023
Positions
495
Filings on Record
30
2019–present window
Filed
Feb 2, 2024
original filing

Summary

Valmark Advisers, Inc. reported $5.3B in U.S.-listed holdings across 495 positions for Q4 2023.

Its largest position, Vanguard Tax Managed Fds, represents 9.3% of the portfolio.

Compared with Q3 2023, the fund opened 47 new positions and exited 21.

Portfolio Metrics

Turnover
+0.6%
vs prior filed quarter
Top-10 Concentration
+49.0%
share of reported value
Largest Position
+9.3%
Vanguard Tax Managed Fds
New / Exited
47 / 21
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $4.2BQ4 ’18Q1 ’19: $4.5BQ2 ’19: $4.6BQ3 ’19: $4.5BQ4 ’19: $4.6BQ4 ’19Q1 ’20: $3.8BQ2 ’20: $4.3BQ3 ’20: $4.4BQ4 ’20: $4.9BQ4 ’20Q1 ’21: $5.2BQ2 ’21: $5.5BQ3 ’21: $5.5BQ4 ’21: $5.8BQ4 ’21Q1 ’22: $5.7BQ2 ’22: $5.2BQ3 ’22: $5.0BQ4 ’22: $4.3BQ4 ’22Q1 ’23: $4.6BQ2 ’23: $4.9BQ3 ’23: $4.8BQ4 ’23: $5.3BQ4 ’23Q1 ’24: $5.7BQ2 ’24: $5.9BQ3 ’24: $6.4BQ4 ’24: $6.5BQ4 ’24Q1 ’25: $6.6BQ2 ’25: $7.2BQ3 ’25: $7.7BQ4 ’25: $8.1BQ4 ’25Q1 ’26: $8.4Bfilingsflow.com

Portfolio Composition

By security type
ETP: 94.7%Common Stock: 5.0%Other: 0.2%ADR: 0.0%REIT: 0.0%Other: 0.0%
  • ETP · 94.7% · $5.1B
  • Common Stock · 5.0% · $269M
  • Other · 0.2% · $13M
  • ADR · 0.0% · $2M
  • REIT · 0.0% · $473,048
  • Other · 0.0% · $209,893

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CAPITAL GRP FIXED INCM ETF TNEW+527.6K527.6K+$14M$14M
CGDGCAPITAL GROUP DIVIDEND GROWENEW+281.3K281.3K+$8M$8M
CAPITAL GRP FIXED INCM ETF TNEW+218.0K218.0K+$6M$6M
FIDELITY COVINGTON TRUSTNEW+80.9K80.9K+$3M$3M
HCATHEALTH CATALYST INCNEW+130.0K130.0K+$1M$1M
ADBEADOBE INCNEW+1.7K1.7K+$996,322$996,322
FIRST TR EXCHNG TRADED FD VINEW+37.6K37.6K+$780,007$780,007
CHARLES RIV LABS INTL INCNEW+3.0K3.0K+$709,200$709,200

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2023

24 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPDR SER TRPRTFLO S&P500 VL · PRTFLO S&P500 GW · PORTFOLIO S&P400 · PORTFOLIO S&P600 · PORTFOLIO SHORT · PORTFOLI S&P1500 · BLOOMBERG INVT28.31%$1.5B32.82M
2ISHARES TRGLOBAL REIT ETF · USD INV GRDE ETF · IBOXX INV CP ETF · S&P 500 GRWT ETF · S&P 500 VAL ETF · CORE S&P MCP ETF · MSCI EAFE ETF · CORE S&P SCP ETF · CORE S&P TTL STK · SELECT DIVID ETF · CORE S&P500 ETF · CORE US AGGBD ET · MSCI USA MIN VOL · RUS TP200 GR ETF13.15%$703M11.19M
3VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT9.33%$498M10.40M
4VANGUARD INDEX FDSS&P 500 ETF SHS · TOTAL STK MKT · EXTEND MKT ETF5.55%$296M803.3K
5VANGUARD MALVERN FDSSTRM INFPROIDX4.65%$248M5.23M
6VGSHVANGUARD SCOTTSDALE FDSSHORT TERM TREAS · INTER TERM TREAS · MTG-BKD SECS ETF4.43%$237M4.27M
7VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF · ALLWRLD EX US3.61%$193M4.50M
8DBX ETF TRXTRACK USD HIGH2.54%$136M3.82M
9WISDOMTREE TREM EX ST-OWNED · TARGET RANGE FD2.44%$130M5.06M
10FLEXSHARES TRMORNSTAR UPSTR2.24%$120M2.93M
11VANECK ETF TRUSTJP MRGAN EM LOC1.55%$83M3.26M
12VANGUARD BD INDEX FDSSHORT TRM BOND1.39%$74M962.2K
13SCHWAB STRATEGIC TRUS DIVIDEND EQ1.09%$58M767.6K
14ISHARES INCMSCI EMRG CHN0.87%$46M834.5K
15SPDR INDEX SHS FDSPORTFOLIO EMG MK · PORTFOLIO DEVLPD0.66%$35M1.01M
16AAPLAPPLE INChistory →COM0.64%$34M178.1K
17J P MORGAN EXCHANGE TRADED FULTRA SHRT INC0.60%$32M635.4K
18VANGUARD CHARLOTTE FDSTOTAL INT BD ETF0.54%$29M582.5K
19VANGUARD SPECIALIZED FUNDSDIV APP ETF0.42%$22M131.8K
20MSFTMICROSOFT CORPhistory →COM0.41%$22M58.0K
21LITMAN GREGORY FDS TRIMGP DBI MANAGED0.37%$20M777.7K
22BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.30%$16M45.3K
23CGDVUSDCAPITAL GROUP DIVIDEND VALUEhistory →SHS CREATION UNI0.29%$16M522.5K
24VANGUARD WHITEHALL FDSHIGH DIV YLD0.26%$14M126.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$8.4B677May 1, 202613F-HRchanges · EDGAR ↗
Q4 2025$8.1B657Jan 26, 202613F-HRchanges · EDGAR ↗
Q3 2025$7.7B646Oct 24, 202513F-HRchanges · EDGAR ↗
Q2 2025$7.2B640Jul 23, 202513F-HRchanges · EDGAR ↗
Q1 2025$6.6B602Apr 23, 202513F-HRchanges · EDGAR ↗
Q4 2024$6.5B591Jan 30, 202513F-HRchanges · EDGAR ↗
Q3 2024$6.4B582Oct 25, 202413F-HRchanges · EDGAR ↗
Q2 2024$5.9B558Aug 1, 202413F-HRchanges · EDGAR ↗
Q1 2024$5.7B536May 6, 202413F-HRchanges · EDGAR ↗
Q4 2023$5.3B495Feb 2, 202413F-HRchanges · EDGAR ↗
Q3 2023$4.8B469Nov 8, 202313F-HRchanges · EDGAR ↗
Q2 2023$4.9B470Aug 3, 202313F-HRchanges · EDGAR ↗
Q1 2023$4.6B474May 2, 202313F-HRchanges · EDGAR ↗
Q4 2022$4.3B445Feb 7, 202313F-HRchanges · EDGAR ↗
Q3 2022$5.0B411Nov 3, 202213F-HRchanges · EDGAR ↗
Q2 2022$5.2B406Aug 1, 202213F-HRchanges · EDGAR ↗
Q1 2022$5.7B424May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$5.8B407Feb 2, 202213F-HRchanges · EDGAR ↗
Q3 2021$5.5B392Nov 9, 202113F-HRchanges · EDGAR ↗
Q2 2021$5.5B391Aug 6, 202113F-HRchanges · EDGAR ↗
Q1 2021$5.2B378May 4, 202113F-HRchanges · EDGAR ↗
Q4 2020$4.9B345Feb 3, 202113F-HRchanges · EDGAR ↗
Q3 2020$4.4B294Nov 9, 202013F-HRchanges · EDGAR ↗
Q2 2020$4.3B276Jul 31, 202013F-HRchanges · EDGAR ↗
Q1 2020$3.8B233May 1, 202013F-HRchanges · EDGAR ↗
Q4 2019$4.6B240Jan 31, 202013F-HRchanges · EDGAR ↗
Q3 2019$4.5B238Nov 6, 201913F-HRchanges · EDGAR ↗
Q2 2019$4.6B228Aug 7, 201913F-HRchanges · EDGAR ↗
Q1 2019$4.5B219May 10, 201913F-HRchanges · EDGAR ↗
Q4 2018$4.2B200Feb 7, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.