Managers / Q2 2025

Family Firm, Inc.

CIK 0001602603 · 4800 HAMPDEN LANE, #520, BETHESDA, MD, 20814 · 301-656-3999

Reported Value

$415M

Q2 2025

Positions

Filings on Record

2019–present window

Filed

Aug 8, 2025

original filing

Summary

Family Firm, Inc. reported $415M in U.S.-listed holdings across 87 positions for Q2 2025.

Its largest position, IWV, represents 15.6% of the portfolio.

Compared with Q1 2025, the fund opened 0 new positions and exited 127.

Portfolio Metrics

Turnover

+6.9%

vs prior filed quarter

Top-10 Concentration

+50.9%

share of reported value

Largest Position

+15.6%

Ishares Russell 3000 Etf

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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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

Portfolio Composition

By security type

ETP · 89.4% · $371M
Common Stock · 7.5% · $31M
Closed-End Fund · 3.1% · $13M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
BRK/B BERKSHIRE HATHAWAY INC DEL CL B NEW	ADDED	+39.2K	41.9K	−$86,269	$1M
VTI VANGUARD TOTAL STOCK MARKET ETF	SOLD OUT	−6.2K	0	−$2M	$0
IWM ISHARES RUSSELL 2000 ETF	SOLD OUT	−7.6K	0	−$2M	$0
MSFT MICROSOFT CORP COM	SOLD OUT	−4.0K	0	−$2M	$0
COST COSTCO WHSL CORP NEW COM	SOLD OUT	−1.5K	0	−$1M	$0
VBR VANGUARD SMALL CAP VALUE ETF	SOLD OUT	−7.6K	0	−$1M	$0
IWN ISHARES RUSSELL 2000 VALUE ETF	SOLD OUT	−8.8K	0	−$1M	$0
JPM JPMORGAN CHASE & CO. COM	SOLD OUT	−4.6K	0	−$1M	$0

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

Holdings — Q2 2025

87 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	IWV ISHARES RUSSELL 3000 ETF history →	ETF	15.60%	$65M	184.4K
2	VEA VANGUARD FTSE DEVELOPED MARKETS ETF history →	ETF	9.30%	$39M	677.1K
3	BND VANGUARD TOTAL BOND MARKET ETF history →	ETF	5.70%	$24M	321.3K
4	STIP ISHARES 0-5 YEAR TIPS BOND ETF history →	ETF	3.69%	$15M	148.8K
5	IVV ISHARES CORE S&P 500 ETF history →	ETF	3.66%	$15M	24.4K
6	IGE ISHARES NORTH AMERICAN NATURAL RESOURCES ETF history →	ETF	3.38%	$14M	316.6K
7	VTHR VANGUARD RUSSELL 3000 ETF history →	ETF	2.74%	$11M	41.7K
8	SCHB SCHWAB U S BROAD MARKET ETF history →	ETF	2.54%	$11M	441.9K
9	TIP ISHARES TIPS BOND ETF history →	ETF	2.33%	$10M	88.0K
10	FLTR VANECK IG FLOATING RATE ETF history →	ETF	1.96%	$8M	318.3K
11	NVDA NVIDIA CORPORATION COM history →	Stock	1.93%	$8M	50.7K
12	IJS ISHARES S&P SMALL-CAP 600 VALUE ETF history →	ETF	1.82%	$8M	76.0K
13	IGOV ISHARES INTERNATIONAL TREASURY BOND ETF history →	ETF	1.79%	$7M	172.3K
14	AAPL APPLE INC COM history →	Stock	1.78%	$7M	36.0K
15	EFA ISHARES MSCI EAFE ETF history →	ETF	1.57%	$7M	72.8K
16	VWO VANGUARD FTSE EMERGING MARKETS ETF history →	ETF	1.49%	$6M	125.3K
17	VNQ VANGUARD REAL ESTATE ETF history →	ETF	1.45%	$6M	67.5K
18	AGG ISHARES CORE U S AGGREGATE BOND ETF history →	ETF	1.45%	$6M	60.6K
19	AVGO BROADCOM INC COM history →	Stock	1.41%	$6M	21.3K
20	WIP SPDR FTSE INTERNATIONAL GOVERNMENT INFLATION-PROTECTED BOND ETF history →	ETF	1.41%	$6M	146.5K
21	IVW ISHARES S&P 500 GROWTH ETF history →	ETF	1.29%	$5M	48.6K
22	VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP ETF	ETF	1.27%	$5M	39.1K
23	TOTL SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF history →	ETF	1.18%	$5M	122.4K
24	ICF ISHARES SELECT U S REIT ETF history →	ETF	1.17%	$5M	79.5K
25	VOOV VANGUARD S&P 500 VALUE ETF history →	ETF	1.12%	$5M	24.6K
26	IXC ISHARES GLOBAL ENERGY ETF history →	ETF	1.12%	$5M	118.0K
27	IJT ISHARES S&P SMALL-CAP 600 GROWTH ETF	ETF	0.89%	$4M	27.8K
28	IWB ISHARES RUSSELL 1000 ETF	ETF	0.88%	$4M	10.7K
29	IJR ISHARES CORE S&P SMALL CAP ETF	ETF	0.87%	$4M	32.9K
30	IEV ISHARES EUROPE ETF	ETF	0.83%	$3M	54.2K
31	VDE VANGUARD ENERGY ETF	ETF	0.79%	$3M	27.5K
32	EMF TEMPLETON EMERGING MKTS FD COM	CEF	0.77%	$3M	217.8K
33	AFL AFLAC INC COM	Stock	0.76%	$3M	29.9K
34	EEM ISHARES MSCI EMERGING MARKETS ETF	ETF	0.71%	$3M	61.5K
35	IEF ISHARES 7-10 YEAR TREASURY BOND ETF	ETF	0.68%	$3M	29.5K
36	SCHA SCHWAB U S SMALL-CAP ETF	ETF	0.67%	$3M	109.9K
37	IYG ISHARES US FINANCIAL SERVICES ETF	ETF	0.65%	$3M	31.4K
38	IFGL ISHARES INTERNATIONAL DEVELOPED REAL ESTATE ETF	ETF	0.63%	$3M	114.6K
39	SHY ISHARES 1-3 YEAR TREASURY BOND ETF	ETF	0.60%	$2M	31.2K
40	EHC ENCOMPASS HEALTH CORP COM	Stock	0.59%	$2M	20.1K
41	BHK BLACKROCK CORE BD TR SHS BEN INT	CEF	0.57%	$2M	241.3K
42	IWC ISHARES MICRO-CAP ETF	ETF	0.56%	$2M	18.3K
43	IDU ISHARES U S UTILITIES ETF	ETF	0.56%	$2M	22.4K
44	XME SPDR S&P METALS & MINING ETF	ETF	0.56%	$2M	34.7K
45	IJJ ISHARES S&P MID-CAP 400 VALUE ETF	ETF	0.56%	$2M	18.7K
46	BOND PIMCO ACTIVE BOND EXCHANGE-TRADED FUND	ETF	0.55%	$2M	24.7K
47	RMT ROYCE MICRO-CAP TR INC COM	CEF	0.54%	$2M	284.6K
48	IEFA ISHARES CORE MSCI EAFE ETF	ETF	0.54%	$2M	26.7K
49	XFFCX FLAHERTY & CRUMRINE PFD SECS I COM	CEF	0.51%	$2M	130.8K
50	GOVT ISHARES U S TREASURY BOND ETF	ETF	0.51%	$2M	92.5K
51	FAX ABRDN ASIA PACIFIC INCOME FUND COM NEW	CEF	0.50%	$2M	131.0K
52	IVE ISHARES S&P 500 VALUE ETF	ETF	0.49%	$2M	10.5K
53	XLE ENERGY SELECT SECTOR SPDR FUND	ETF	0.48%	$2M	23.6K
54	IUSG ISHARES CORE S&P U S GROWTH ETF	ETF	0.48%	$2M	13.2K
55	RING ISHARES MSCI GLOBAL GOLD MINERS ETF	ETF	0.47%	$2M	44.7K
56	IXJ ISHARES GLOBAL HEALTHCARE ETF	ETF	0.46%	$2M	22.4K
57	IGM ISHARES EXPANDED TECH SECTOR ETF	ETF	0.42%	$2M	15.5K
58	SCZ ISHARES MSCI EAFE SMALL-CAP ETF	ETF	0.42%	$2M	23.8K
59	IJH ISHARES CORE S&P MID-CAP ETF	ETF	0.40%	$2M	26.8K
60	IAT ISHARES U S REGIONAL BANKS ETF	ETF	0.40%	$2M	33.5K
61	IBB ISHARES BIOTECHNOLOGY ETF	ETF	0.39%	$2M	12.8K
62	IJK ISHARES S&P MID-CAP 400 GROWTH ETF	ETF	0.36%	$2M	16.6K
63	TLT ISHARES 20 YEAR TREASURY BOND ETF	ETF	0.36%	$1M	18.3K
64	PICK ISHARES MSCI GLOBAL METALS & MINING PRODUCERS ETF	ETF	0.34%	$1M	37.1K
65	BRK/B BERKSHIRE HATHAWAY INC DEL CL B NEW	Stock	0.32%	$1M	41.9K
66	ISHG ISHARES 1-3 YEAR INTERNATIONAL TREASURY BOND ETF	ETF	0.32%	$1M	17.1K
67	EWC ISHARES MSCI CANADA ETF	ETF	0.31%	$1M	28.1K
68	PBW INVESCO WILDERHILL CLEAN ENERGY ETF	ETF	0.29%	$1M	59.6K
69	EXMOC EXXON MOBIL CORP COM	Stock	0.28%	$1M	10.7K
70	LRCX LAM RESEARCH CORP COM NEW	Stock	0.25%	$1M	10.8K
71	ITB ISHARES U S HOME CONSTRUCTION ETF	ETF	0.23%	$947,237	10.2K
72	JPXN ISHARES JPX-NIKKEI 400 ETF	ETF	0.23%	$943,066	11.8K
73	VGK VANGUARD FTSE EUROPE ETF	ETF	0.23%	$938,424	12.1K
74	EWZ ISHARES MSCI BRAZIL ETF	ETF	0.20%	$814,842	28.2K
75	ILF ISHARES LATIN AMERICA 40 ETF	ETF	0.19%	$797,655	30.4K
76	IYE ISHARES U S ENERGY ETF	ETF	0.18%	$743,723	16.4K
77	CSCO CISCO SYS INC COM	Stock	0.17%	$710,629	10.2K
78	XJQCX NUVEEN CR STRATEGIES INCOME FD COM SHS	CEF	0.16%	$668,635	124.1K
79	TAN INVESCO SOLAR ETF	ETF	0.13%	$522,347	15.2K
80	EWU ISHARES MSCI UNITED KINGDOM ETF	ETF	0.11%	$460,264	11.6K
81	VEGI Agriculture Producers Index	ETF	0.10%	$433,567	10.8K
82	IYZ ISHARES U S TELECOMMUNICATIONS ETF	ETF	0.10%	$430,048	14.4K
83	SCHF SCHWAB INTERNATIONAL EQUITY ETF	ETF	0.10%	$395,978	17.9K
84	EWA ISHARES MSCI AUSTRALIA ETF	ETF	0.08%	$343,290	13.0K
85	IEZ ISHARES U S OIL EQUIPMENT & SERVICES ETF	ETF	0.05%	$227,768	13.4K
86	PEY INVESCO HIGH YIELD EQUITY DIVIDEND ACHIEVERS ETF	ETF	0.05%	$215,040	10.5K
87	SABA SABA CAPITAL INCOME & OPPORTUN COM NEW	CEF	0.03%	$105,247	11.5K

Filing History

Quarter	Reported Value	Positions	Filed	Type	Links
Q2 2025	$415M	87	Aug 8, 2025	13F-HR	changes · EDGAR ↗
Q1 2025	$448M	214	May 1, 2025	13F-HR	changes · EDGAR ↗
Q4 2024	$450M	212	Feb 10, 2025	13F-HR	changes · EDGAR ↗
Q3 2024	$457M	211	Oct 17, 2024	13F-HR	changes · EDGAR ↗
Q2 2024	$448M	892	Jul 24, 2024	13F-HR	changes · EDGAR ↗
Q1 2024	$410M	196	May 1, 2024	13F-HR	changes · EDGAR ↗
Q4 2023	$388M	188	Feb 5, 2024	13F-HR	changes · EDGAR ↗
Q3 2023	$356M	174	Oct 19, 2023	13F-HR	changes · EDGAR ↗
Q2 2023	$378M	184	Aug 8, 2023	13F-HR	changes · EDGAR ↗
Q1 2023	$361M	180	May 1, 2023	13F-HR	changes · EDGAR ↗
Q4 2022	$342M	178	Feb 7, 2023	13F-HR	changes · EDGAR ↗
Q3 2022	$382M	174	Nov 30, 2022	RESTATEMENT	changes · EDGAR ↗
Q2 2022	$387M	180	Jul 29, 2022	13F-HR	changes · EDGAR ↗
Q1 2022	$387M	180	May 9, 2022	13F-HR	changes · EDGAR ↗
Q4 2021	$387M	180	Feb 2, 2022	13F-HR	changes · EDGAR ↗
Q3 2021	$380M	178	Oct 22, 2021	13F-HR	changes · EDGAR ↗
Q2 2021	$367M	174	Jul 21, 2021	13F-HR	changes · EDGAR ↗
Q1 2021	$346M	171	May 6, 2021	13F-HR	changes · EDGAR ↗
Q4 2020	$336M	166	Jan 20, 2021	13F-HR	changes · EDGAR ↗
Q3 2020	$279M	141	Nov 4, 2020	13F-HR	changes · EDGAR ↗
Q2 2020	$267M	139	Aug 10, 2020	13F-HR	changes · EDGAR ↗
Q1 2020	$235M	129	Apr 29, 2020	13F-HR	changes · EDGAR ↗
Q4 2019	$295M	147	Feb 4, 2020	13F-HR	changes · EDGAR ↗
Q3 2019	$282M	140	Nov 12, 2019	13F-HR	changes · EDGAR ↗
Q2 2019	$283M	141	Aug 6, 2019	13F-HR	changes · EDGAR ↗
Q1 2019	$275M	138	May 6, 2019	13F-HR	changes · EDGAR ↗
Q4 2018	$250M	132	Feb 5, 2019	13F-HR	changes · 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 ↗.