Managers / Q4 2022 · view latest →

Evolution Advisers, Inc.

CIK 0001906967 · 2917 WEST LEIGH STREET, RICHMOND, VA, 23230 · 804-794-1981

Reported Value

$128M

Q4 2022

Positions

151

Filings on Record

2019–present window

Filed

Jan 30, 2023

original filing

Summary

Evolution Advisers, Inc. reported $128M in U.S.-listed holdings across 151 positions for Q4 2022.

The portfolio is heavily concentrated: VTV alone accounts for 29.6% of reported value.

Compared with Q3 2022, the fund opened 11 new positions and exited 8.

Portfolio Metrics

Turnover

+0.7%

vs prior filed quarter

Top-10 Concentration

+94.6%

share of reported value

Largest Position

+29.6%

Vanguard Index Fds

New / Exited

11 / 8

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, 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 · 95.1% · $122M
Common Stock · 4.9% · $6M
REIT · 0.0% · $7,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
SCHZ SCHWAB STRATEGIC TR	NEW	+7.8K	7.8K	+$356,000	$356,000
VTEB VANGUARD MUN BD FDS	NEW	+3.7K	3.7K	+$184,000	$184,000
TIP ISHARES TR	NEW	+243	243	+$25,000	$25,000
SPDR SER TR	NEW	+196	196	+$17,000	$17,000
VV VANGUARD INDEX FDS	NEW	+76	76	+$13,000	$13,000
EMB ISHARES TR	NEW	+83	83	+$7,000	$7,000
LISTED FD TR	NEW	+600	600	+$4,000	$4,000
RIVN RIVIAN AUTOMOTIVE INC	NEW	+6	6	+$0	$0

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

Holdings — Q4 2022

113 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	VTV VANGUARD INDEX FDS	VALUE ETF · GROWTH ETF · SMALL CP ETF · MCAP GR IDXVIP · S&P 500 ETF SHS · MID CAP ETF · TOTAL STK MKT · LARGE CAP ETF · REAL ESTATE ETF	29.55%	$38M	223.5K
2	BSV VANGUARD BD INDEX FDS	SHORT TRM BOND · LONG TERM BOND · INTERMED TERM · TOTAL BND MRKT	16.38%	$21M	283.3K
3	VEA VANGUARD TAX-MANAGED FDS history →	VAN FTSE DEV MKT	15.23%	$20M	466.2K
4	BNDX VANGUARD CHARLOTTE FDS history →	TOTAL INT BD ETF	11.63%	$15M	315.1K
5	NULG NUSHARES ETF TR	NUVEEN ESG INTL · NUVEEN ESG LRGCP · NUVEEN ESG LRGVL · NUVEEN ESG EMRGN · NUVEEN ESG US · NUVEEN ESG SMLCP	7.15%	$9M	310.9K
6	VWO VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF · TT WRLD ST ETF · ALLWRLD EX US	5.81%	$7M	191.0K
7	VMBS VANGUARD SCOTTSDALE FDS	MTG-BKD SECS ETF · SHRT TRM CORP BD	5.75%	$7M	157.3K
8	SCHX SCHWAB STRATEGIC TR	US LRG CAP ETF · US AGGREGATE B · INTL EQTY ETF · EMRG MKTEQ ETF · US TIPS ETF · US SML CAP ETF · US LCAP GR ETF · US REIT ETF · US BRD MKT ETF	1.68%	$2M	54.1K
9	PWV INVESCO EXCHANGE TRADED FD T	DYNMC LRG VALU	0.91%	$1M	24.9K
10	AAPL APPLE INC	COM	0.48%	$612,000	4.7K
11	EXMOC EXXON MOBIL CORP	COM	0.41%	$527,000	4.8K
12	UNP UNION PAC CORP	COM	0.41%	$523,000	2.5K
13	DFAC DIMENSIONAL ETF TRUST	US CORE EQUITY 2 · WORLD EX US CORE · US TARGETED VLU	0.40%	$518,000	21.0K
14	UBSI UNITED BANKSHARES INC WEST V	COM	0.32%	$410,000	10.0K
15	WFC WELLS FARGO CO NEW	COM	0.22%	$287,000	7.0K
16	KMB KIMBERLY-CLARK CORP	COM	0.22%	$281,000	2.1K
17	VYM VANGUARD WHITEHALL FDS	HIGH DIV YLD · EM MK GOV BD ETF	0.22%	$280,000	3.1K
18	D DOMINION ENERGY INC	COM	0.22%	$278,000	4.5K
19	ORI OLD REP INTL CORP	COM	0.21%	$264,000	11.0K
20	BRK/B BERKSHIRE HATHAWAY INC DEL	CL B NEW	0.16%	$202,000	655
21	VTEB VANGUARD MUN BD FDS	TAX EXEMPT BD	0.14%	$184,000	3.7K
22	WMT WALMART INC	COM	0.13%	$163,000	1.1K
23	MO ALTRIA GROUP INC	COM	0.13%	$162,000	3.5K
24	NI NISOURCE INC	COM	0.13%	$162,000	5.9K
25	HD HOME DEPOT INC	COM	0.11%	$138,000	440
26	IJH ISHARES TR	IBOXX HI YD ETF · CORE S&P MCP ETF · TIPS BD ETF · RUS 1000 VAL ETF · JPMORGAN USD EMG · CORE S&P SCP ETF · GLOBAL 100 ETF · SELF DRIVNG EV	0.08%	$107,000	1.0K
27	TDY TELEDYNE TECHNOLOGIES INC	COM	0.08%	$99,000	250
28	GOOGL ALPHABET INC	CAP STK CL A · CAP STK CL C	0.08%	$98,000	1.1K
29	TSLA TESLA INC	COM	0.07%	$91,000	741
30	TMO THERMO FISHER SCIENTIFIC INC	COM	0.07%	$88,000	160
31	TROW PRICE T ROWE GROUP INC	COM	0.07%	$87,000	805
32	HSY HERSHEY CO	COM	0.07%	$86,000	373
33	MSFT MICROSOFT CORP	COM	0.06%	$81,000	341
34	PG PROCTER AND GAMBLE CO	COM	0.06%	$81,000	540
35	ELV ELEVANCE HEALTH INC	COM	0.06%	$78,000	153
36	SPY SPDR S&P 500 ETF TR	TR UNIT	0.06%	$72,000	190
37	MA MASTERCARD INCORPORATED	CL A	0.06%	$71,000	205
38	V VISA INC	COM CL A	0.05%	$64,000	310
39	LMT LOCKHEED MARTIN CORP	COM	0.05%	$64,000	132
40	PEP PEPSICO INC	COM	0.05%	$62,000	342
41	CW CURTISS WRIGHT CORP	COM	0.05%	$58,000	350
42	JNJ JOHNSON & JOHNSON	COM	0.04%	$52,000	296
43	TFC TRUIST FINL CORP	COM	0.04%	$50,000	1.2K
44	COF CAPITAL ONE FINL CORP	COM	0.04%	$47,000	515
45	AMZN AMAZON COM INC	COM	0.04%	$47,000	560
46	PSX PHILLIPS 66	COM	0.03%	$40,000	393
47	ADBE ADOBE SYSTEMS INCORPORATED	COM	0.03%	$40,000	119
48	PFE PFIZER INC	COM	0.03%	$40,000	794
49	MKL MARKEL CORP	COM	0.03%	$40,000	30
50	HCA HCA HEALTHCARE INC	COM	0.03%	$39,000	165
51	UNH UNITEDHEALTH GROUP INC	COM	0.03%	$39,000	75
52	VXUS VANGUARD STAR FDS	VG TL INTL STK F	0.03%	$37,000	716
53	FIW FIRST TR EXCHANGE TRADED FD	WTR ETF	0.03%	$36,000	456
54	KNSL KINSALE CAP GROUP INC	COM	0.03%	$35,000	135
55	ACN ACCENTURE PLC IRELAND	SHS CLASS A	0.03%	$33,000	125
56	JPM JPMORGAN CHASE & CO	COM	0.03%	$33,000	251
57	NEE NEXTERA ENERGY INC	COM	0.03%	$33,000	400
58	PPL PPL CORP	COM	0.03%	$33,000	1.1K
59	ORCL ORACLE CORP	COM	0.02%	$31,000	380
60	PAYX PAYCHEX INC	COM	0.02%	$31,000	275
61	MCK MCKESSON CORP	COM	0.02%	$31,000	83
62	EXC EXELON CORP	COM	0.02%	$30,000	704
63	HON HONEYWELL INTL INC	COM	0.02%	$28,000	131
64	CSCO CISCO SYS INC	COM	0.02%	$25,000	544
65	CHD CHURCH & DWIGHT CO INC	COM	0.02%	$24,000	300
66	DAL DELTA AIR LINES INC DEL	COM NEW	0.02%	$24,000	759
67	MDY SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	0.02%	$23,000	54
68	ETN EATON CORP PLC	SHS	0.02%	$23,000	150
69	DIS DISNEY WALT CO	COM	0.02%	$23,000	275
70	CTAS CINTAS CORP	COM	0.02%	$20,000	45
71	BA BOEING CO	COM	0.01%	$19,000	100
72	CEG CONSTELLATION ENERGY CORP	COM	0.01%	$19,000	228
73	IDCC INTERDIGITAL INC	COM	0.01%	$19,000	400
74	CVX CHEVRON CORP NEW	COM	0.01%	$17,000	100
75	SPDR SER TR	BLOOMBERG HIGH Y	0.01%	$17,000	196
76	UPS UNITED PARCEL SERVICE INC	CL B	0.01%	$15,000	89
77	VZ VERIZON COMMUNICATIONS INC	COM	0.01%	$14,000	360
78	IBM INTERNATIONAL BUSINESS MACHS	COM	0.01%	$14,000	100
79	IEMG ISHARES INC	CORE MSCI EMKT	0.01%	$14,000	300
80	BAC BANK AMERICA CORP	COM	0.01%	$13,000	398
81	DHR DANAHER CORPORATION	COM	0.01%	$13,000	50
82	AEP AMERICAN ELEC PWR CO INC	COM	0.01%	$12,000	130
83	BMY BRISTOL-MYERS SQUIBB CO	COM	0.01%	$12,000	180
84	AWK AMERICAN WTR WKS CO INC NEW	COM	0.01%	$12,000	80
85	COST COSTCO WHSL CORP NEW	COM	0.01%	$12,000	28
86	T AT&T INC	COM	0.01%	$10,000	544
87	KO COCA COLA CO	COM	0.01%	$9,000	143
88	MDLZ MONDELEZ INTL INC	CL A	0.01%	$9,000	138
89	INTC INTEL CORP	COM	0.01%	$9,000	375
90	F FORD MTR CO DEL	COM	0.01%	$8,000	700
91	RTX RAYTHEON TECHNOLOGIES CORP	COM	0.01%	$7,000	75
92	GENERAL ELECTRIC CO	COM NEW	0.01%	$7,000	95
93	PM PHILIP MORRIS INTL INC	COM	0.01%	$7,000	78
94	EXR EXTRA SPACE STORAGE INC	COM	0.01%	$7,000	50
95	BX BLACKSTONE INC	COM	0.01%	$7,000	100
96	BAX BAXTER INTL INC	COM	0.00%	$5,000	100
97	GOLF ACUSHNET HLDGS CORP	COM	0.00%	$4,000	101
98	CRC CALIFORNIA RES CORP	COM STOCK	0.00%	$4,000	113
99	LISTED FD TR	ROUNDHILL BALL	0.00%	$4,000	600
100	SIRIUS XM HOLDINGS INC	COM	0.00%	$3,000	600

Filing History

Quarter	Reported Value	Positions	Filed	Type	Links
Q1 2026	$237M	162	May 1, 2026	13F-HR	changes · EDGAR ↗
Q4 2025	$231M	170	Jan 23, 2026	13F-HR	changes · EDGAR ↗
Q2 2025	$204M	156	Jul 25, 2025	13F-HR	changes · EDGAR ↗
Q1 2025	$190M	161	May 9, 2025	13F-HR	changes · EDGAR ↗
Q4 2024	$183M	184	Jan 29, 2025	13F-HR	changes · EDGAR ↗
Q3 2024	$184M	196	Oct 18, 2024	13F-HR	changes · EDGAR ↗
Q2 2024	$174M	190	Jul 26, 2024	13F-HR	changes · EDGAR ↗
Q1 2024	$169M	185	May 3, 2024	13F-HR	changes · EDGAR ↗
Q4 2023	$157M	221	Feb 2, 2024	13F-HR	changes · EDGAR ↗
Q3 2023	$138M	142	Oct 20, 2023	13F-HR	changes · EDGAR ↗
Q2 2023	$142M	167	Jul 14, 2023	13F-HR	changes · EDGAR ↗
Q1 2023	$139M	159	May 5, 2023	13F-HR	changes · EDGAR ↗
Q4 2022	$128M	151	Jan 30, 2023	13F-HR	changes · EDGAR ↗
Q3 2022	$115M	149	Nov 1, 2022	13F-HR	changes · EDGAR ↗
Q2 2022	$122M	150	Jul 22, 2022	13F-HR	changes · EDGAR ↗
Q1 2022	$135M	144	May 4, 2022	13F-HR	changes · EDGAR ↗
Q4 2021	$136M	148	Feb 9, 2022	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 ↗.