Managers / Q4 2025 · view latest →
Narus Financial Partners, LLC
CIK 0001698091 · 1245 E BRICKYARD ROAD, SUITE 160, SALT LAKE CITY, UT, 84106 · 866-534-0530
Summary
Narus Financial Partners, LLC reported $363M in U.S.-listed holdings across 162 positions for Q4 2025.
The portfolio is heavily concentrated: WMT alone accounts for 42.4% of reported value.
Compared with Q2 2025, the fund opened 16 new positions and exited 13.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 56.3% · $204M
- ETP · 43.3% · $157M
- ADR · 0.3% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2025 (amended baseline) · note: prior filed quarter, not the immediately preceding one
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BRK/ABERKSHIRE HATHAWAY INC DEL | NEW | +1 | 1 | +$754,800 | $754,800 |
| LLYELI LILLY & CO | NEW | +492 | 492 | +$528,743 | $528,743 |
| CHVCHEVRON CORP NEW | NEW | +3.4K | 3.4K | +$518,902 | $518,902 |
| INVESCO EXCH TRD SLF IDX FD | NEW | +8.2K | 8.2K | +$471,396 | $471,396 |
| GOOGALPHABET INC | NEW | +1.1K | 1.1K | +$360,443 | $360,443 |
| BMYBRISTOL-MYERS SQUIBB CO | NEW | +6.6K | 6.6K | +$356,813 | $356,813 |
| FIRST TR EXCHANGE TRADED FD | NEW | +3.2K | 3.2K | +$317,185 | $317,185 |
| TAT&T INC | NEW | +10.5K | 10.5K | +$259,702 | $259,702 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | WMTWALMART INChistory → | COM | 42.45% | $154M | 1.38M |
| 2 | ISHARES TR | EAFE VALUE ETF · EAFE SML CP ETF · RUS MID CAP ETF · NATIONAL MUN ETF · SHRT NAT MUN ETF · CORE S&P SCP ETF · CORE S&P500 ETF · CORE US AGGBD ET · MSCI EAFE ETF · 20 YR TR BD ETF | 7.01% | $25M | 258.4K |
| 3 | VTVVANGUARD INDEX FDS | MID CAP ETF · TOTAL STK MKT · SMALL CP ETF · S&P 500 ETF SHS · VALUE ETF | 5.17% | $19M | 63.4K |
| 4 | XLFSELECT SECTOR SPDR TR | STATE STREET TEC · STATE STREET FIN · STATE STREET HEA · STATE STREET CON | 4.58% | $17M | 157.4K |
| 5 | GQ9SPDR GOLD TRhistory → | GOLD SHS | 3.56% | $13M | 32.6K |
| 6 | NVDANVIDIA CORPORATIONhistory → | COM | 2.16% | $8M | 42.1K |
| 7 | VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 2.02% | $7M | 117.1K |
| 8 | DFSDDIMENSIONAL ETF TRUST | US SMALL CAP ETF · SHORT DURATION F · INTL SMALL CAP E | 1.79% | $6M | 129.2K |
| 9 | AAPLAPPLE INChistory → | COM | 1.49% | $5M | 19.9K |
| 10 | SPDR SERIES TRUST | STATE STREET SPD | 1.34% | $5M | 117.1K |
| 11 | J P MORGAN EXCHANGE TRADED F | INCOME ETF · ULTRA SHT MUNCPL | 1.19% | $4M | 89.9K |
| 12 | GOOGLALPHABET INChistory → | CAP STK CL A | 1.14% | $4M | 13.2K |
| 13 | VANGUARD WORLD FD | COMM SRVC ETF | 1.10% | $4M | 20.7K |
| 14 | INVESCO EXCH TRADED FD TR II | S&P SMLCP INFO | 0.95% | $3M | 60.7K |
| 15 | METAMETA PLATFORMS INC | CL A | 0.70% | $3M | 3.9K |
| 16 | NDQINVESCO QQQ TR | UNIT SER 1 | 0.69% | $3M | 4.1K |
| 17 | WISDOMTREE TR | INDIA ERNGS FD | 0.65% | $2M | 51.1K |
| 18 | VANGUARD BD INDEX FDS | TOTAL BND MRKT | 0.65% | $2M | 31.7K |
| 19 | AMZNAMAZON COM INC | COM | 0.60% | $2M | 9.4K |
| 20 | VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 0.59% | $2M | 27.0K |
| 21 | SPDR S&P 500 ETF TR | TR UNIT | 0.57% | $2M | 3.0K |
| 22 | MSFTMICROSOFT CORP | COM | 0.54% | $2M | 4.1K |
| 23 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.47% | $2M | 3.4K |
| 24 | IBMINTERNATIONAL BUSINESS MACHS | COM | 0.45% | $2M | 5.5K |
| 25 | IAU*ISHARES GOLD TR | ISHARES NEW | 0.45% | $2M | 20.1K |
| 26 | INVESCO DB MULTI-SECTOR COMM | OIL FD | 0.44% | $2M | 131.8K |
| 27 | ORCLORACLE CORP | COM | 0.41% | $1M | 7.6K |
| 28 | VANECK ETF TRUST | HIGH YLD MUNIETF | 0.41% | $1M | 29.0K |
| 29 | VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 0.38% | $1M | 25.9K |
| 30 | JPMJPMORGAN CHASE & CO. | COM | 0.37% | $1M | 4.2K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $382M | 163 | Apr 21, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $363M | 162 | Feb 9, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $320M | 157 | Jul 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $294M | 149 | Apr 30, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $296M | 145 | Jan 23, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $279M | 149 | Oct 18, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $248M | 142 | Jul 17, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $143M | 79 | May 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $208M | 135 | Jan 25, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $195M | 124 | Oct 30, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $194M | 120 | Aug 30, 2023 | 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 ↗.