Managers / Q2 2023 · view latest →
Evolution Advisers, Inc.
CIK 0001906967 · 2917 WEST LEIGH STREET, RICHMOND, VA, 23230 · 804-794-1981
Reported Value
$142M
Q2 2023
Positions
167
Filings on Record
18
2022–present window
Filed
Jul 14, 2023
original filing
Summary
Evolution Advisers, Inc. reported $142M in U.S.-listed holdings across 167 positions for Q2 2023.
The portfolio is heavily concentrated: VUG alone accounts for 30.7% of reported value.
Compared with Q1 2023, the fund opened 10 new positions and exited 1.
Portfolio Metrics
Turnover
+0.9%
vs prior filed quarter
Top-10 Concentration
+94.3%
share of reported value
Largest Position
+30.7%
Vanguard Index Fds
New / Exited
10 / 1
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 · 94.7% · $134M
- Common Stock · 5.3% · $7M
- REIT · 0.0% · $7,000
Quarter-over-Quarter Changes full breakdown →
vs Q1 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| IVVISHARES TR | NEW | +34 | 34 | +$15,000 | $15,000 |
| PDBCINVESCO ACTVELY MNGD ETC FD | NEW | +547 | 547 | +$7,000 | $7,000 |
| QCOMQUALCOMM INC | NEW | +10 | 10 | +$1,000 | $1,000 |
| NOBLPROSHARES TR | NEW | +21 | 21 | +$1,000 | $1,000 |
| INTUINTUIT | NEW | +3 | 3 | +$1,000 | $1,000 |
| ILMNILLUMINA INC | NEW | +7 | 7 | +$1,000 | $1,000 |
| ABTABBOTT LABS | NEW | +14 | 14 | +$1,000 | $1,000 |
| PYPLPAYPAL HLDGS INC | NEW | +20 | 20 | +$1,000 | $1,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2023
129 positions (from 167 filing rows — )
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | VUGVANGUARD INDEX FDS | GROWTH ETF · VALUE ETF · SMALL CP ETF · MCAP GR IDXVIP · TOTAL STK MKT · S&P 500 ETF SHS · MID CAP ETF · LARGE CAP ETF · REAL ESTATE ETF | 30.69% | $43M | 222.3K |
| 2 | BSVVANGUARD BD INDEX FDS | SHORT TRM BOND · LONG TERM BOND · INTERMED TERM · TOTAL BND MRKT | 15.89% | $23M | 299.0K |
| 3 | VEAVANGUARD TAX-MANAGED FDShistory → | VAN FTSE DEV MKT | 15.27% | $22M | 468.8K |
| 4 | BNDXVANGUARD CHARLOTTE FDShistory → | TOTAL INT BD ETF | 11.42% | $16M | 331.2K |
| 5 | NULGNUSHARES ETF TR | NUVEEN ESG INTL · NUVEEN ESG LRGCP · NUVEEN ESG LRGVL · NUVEEN ESG EMRGN · NUVEEN ESG US · NUVEEN ESG SMLCP | 7.25% | $10M | 311.5K |
| 6 | VWOVANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF · TT WRLD ST ETF · ALLWRLD EX US | 5.66% | $8M | 195.4K |
| 7 | VMBSVANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF · SHRT TRM CORP BD · TOTAL WLD BD ETF | 5.35% | $8M | 161.9K |
| 8 | SCHXSCHWAB STRATEGIC TR | US LRG CAP ETF · US AGGREGATE B · EMRG MKTEQ ETF · INTL EQTY ETF · US LCAP GR ETF · US SML CAP ETF · US BRD MKT ETF · US TIPS ETF · US REIT ETF | 1.29% | $2M | 40.5K |
| 9 | PWVINVESCO EXCHANGE TRADED FD T | DYNMC LRG VALU | 0.82% | $1M | 24.9K |
| 10 | AAPLAPPLE INC | COM | 0.64% | $909,000 | 4.7K |
| 11 | VTEBVANGUARD MUN BD FDS | TAX EXEMPT BD | 0.42% | $602,000 | 12.0K |
| 12 | UNHUNITEDHEALTH GROUP INC | COM | 0.40% | $574,000 | 1.2K |
| 13 | EXMOCEXXON MOBIL CORP | COM | 0.36% | $513,000 | 4.8K |
| 14 | UNPUNION PAC CORP | COM | 0.35% | $503,000 | 2.5K |
| 15 | DFACDIMENSIONAL ETF TRUST | US CORE EQUITY 2 · US TARGETED VLU · WORLD EX US CORE | 0.32% | $452,000 | 16.7K |
| 16 | UBSIUNITED BANKSHARES INC WEST V | COM | 0.21% | $301,000 | 10.0K |
| 17 | WFCWELLS FARGO CO NEW | COM | 0.20% | $290,000 | 6.8K |
| 18 | KMBKIMBERLY-CLARK CORP | COM | 0.20% | $279,000 | 2.0K |
| 19 | ORIOLD REP INTL CORP | COM | 0.19% | $269,000 | 10.7K |
| 20 | DDOMINION ENERGY INC | COM | 0.17% | $237,000 | 4.6K |
| 21 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.16% | $223,000 | 655 |
| 22 | VYMVANGUARD WHITEHALL FDS | HIGH DIV YLD · EM MK GOV BD ETF | 0.14% | $203,000 | 1.9K |
| 23 | TSLATESLA INC | COM | 0.14% | $193,000 | 741 |
| 24 | WMTWALMART INC | COM | 0.13% | $180,000 | 1.1K |
| 25 | ELVELEVANCE HEALTH INC | COM | 0.12% | $168,000 | 380 |
| 26 | NINISOURCE INC | COM | 0.11% | $162,000 | 5.9K |
| 27 | MOALTRIA GROUP INC | COM | 0.11% | $157,000 | 3.5K |
| 28 | HDHOME DEPOT INC | COM | 0.10% | $136,000 | 440 |
| 29 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 0.09% | $134,000 | 1.1K |
| 30 | MSFTMICROSOFT CORP | COM | 0.08% | $112,000 | 330 |
| 31 | TDYTELEDYNE TECHNOLOGIES INC | COM | 0.07% | $102,000 | 250 |
| 32 | MKLMARKEL GROUP INC | COM | 0.07% | $96,000 | 69 |
| 33 | HSYHERSHEY CO | COM | 0.07% | $93,000 | 374 |
| 34 | TROWPRICE T ROWE GROUP INC | COM | 0.06% | $91,000 | 820 |
| 35 | TMOTHERMO FISHER SCIENTIFIC INC | COM | 0.06% | $83,000 | 160 |
| 36 | PGPROCTER AND GAMBLE CO | COM | 0.06% | $81,000 | 540 |
| 37 | MAMASTERCARD INCORPORATED | CL A | 0.06% | $80,000 | 205 |
| 38 | SPYSPDR S&P 500 ETF TR | TR UNIT | 0.06% | $79,000 | 179 |
| 39 | GNWGENWORTH FINL INC | COM CL A | 0.05% | $75,000 | 15.2K |
| 40 | VVISA INC | COM CL A | 0.05% | $73,000 | 310 |
| 41 | AMZNAMAZON COM INC | COM | 0.05% | $73,000 | 560 |
| 42 | IJHISHARES TR | CORE S&P MCP ETF · CORE S&P500 ETF · RUS 1000 VAL ETF · CORE S&P SCP ETF · GLOBAL 100 ETF · SELF DRIVNG EV · IBOXX HI YD ETF | 0.05% | $67,000 | 310 |
| 43 | CWCURTISS WRIGHT CORP | COM | 0.05% | $64,000 | 350 |
| 44 | PEPPEPSICO INC | COM | 0.04% | $63,000 | 342 |
| 45 | LMTLOCKHEED MARTIN CORP | COM | 0.04% | $60,000 | 132 |
| 46 | ADBEADOBE SYSTEMS INCORPORATED | COM | 0.04% | $58,000 | 119 |
| 47 | HCAHCA HEALTHCARE INC | COM | 0.04% | $50,000 | 165 |
| 48 | KNSLKINSALE CAP GROUP INC | COM | 0.04% | $50,000 | 135 |
| 49 | JNJJOHNSON & JOHNSON | COM | 0.04% | $50,000 | 304 |
| 50 | ORCLORACLE CORP | COM | 0.03% | $45,000 | 380 |
| 51 | FIWFIRST TR EXCHANGE TRADED FD | WTR ETF | 0.03% | $40,000 | 456 |
| 52 | VXUSVANGUARD STAR FDS | VG TL INTL STK F | 0.03% | $40,000 | 716 |
| 53 | ACNACCENTURE PLC IRELAND | SHS CLASS A | 0.03% | $39,000 | 129 |
| 54 | IDCCINTERDIGITAL INC | COM | 0.03% | $38,000 | 400 |
| 55 | PSXPHILLIPS 66 | COM | 0.03% | $36,000 | 383 |
| 56 | JPMJPMORGAN CHASE & CO | COM | 0.03% | $36,000 | 251 |
| 57 | DALDELTA AIR LINES INC DEL | COM NEW | 0.03% | $36,000 | 759 |
| 58 | MCKMCKESSON CORP | COM | 0.02% | $35,000 | 83 |
| 59 | CHDCHURCH & DWIGHT CO INC | COM | 0.02% | $30,000 | 300 |
| 60 | TFCTRUIST FINL CORP | COM | 0.02% | $30,000 | 1.0K |
| 61 | PAYXPAYCHEX INC | COM | 0.02% | $30,000 | 275 |
| 62 | PPLPPL CORP | COM | 0.02% | $30,000 | 1.1K |
| 63 | ETNEATON CORP PLC | SHS | 0.02% | $30,000 | 150 |
| 64 | NEENEXTERA ENERGY INC | COM | 0.02% | $29,000 | 400 |
| 65 | PFEPFIZER INC | COM | 0.02% | $29,000 | 794 |
| 66 | EXCEXELON CORP | COM | 0.02% | $29,000 | 717 |
| 67 | CSCOCISCO SYS INC | COM | 0.02% | $28,000 | 553 |
| 68 | HONHONEYWELL INTL INC | COM | 0.02% | $27,000 | 132 |
| 69 | DISDISNEY WALT CO | COM | 0.02% | $25,000 | 287 |
| 70 | MDYSPDR S&P MIDCAP 400 ETF TR | UTSER1 S&PDCRP | 0.02% | $25,000 | 54 |
| 71 | CTASCINTAS CORP | COM | 0.02% | $22,000 | 45 |
| 72 | CEGCONSTELLATION ENERGY CORP | COM | 0.01% | $21,000 | 229 |
| 73 | BABOEING CO | COM | 0.01% | $21,000 | 100 |
| 74 | CVXCHEVRON CORP NEW | COM | 0.01% | $16,000 | 104 |
| 75 | UPSUNITED PARCEL SERVICE INC | CL B | 0.01% | $16,000 | 93 |
| 76 | COSTCOSTCO WHSL CORP NEW | COM | 0.01% | $15,000 | 28 |
| 77 | IEMGISHARES INC | CORE MSCI EMKT | 0.01% | $14,000 | 300 |
| 78 | IBMINTERNATIONAL BUSINESS MACHS | COM | 0.01% | $13,000 | 100 |
| 79 | VZVERIZON COMMUNICATIONS INC | COM | 0.01% | $13,000 | 364 |
| 80 | BACBANK AMERICA CORP | COM | 0.01% | $12,000 | 422 |
| 81 | DHRDANAHER CORPORATION | COM | 0.01% | $12,000 | 50 |
| 82 | INTCINTEL CORP | COM | 0.01% | $12,000 | 375 |
| 83 | BMYBRISTOL-MYERS SQUIBB CO | COM | 0.01% | $11,000 | 180 |
| 84 | AWKAMERICAN WTR WKS CO INC NEW | COM | 0.01% | $11,000 | 80 |
| 85 | MDLZMONDELEZ INTL INC | CL A | 0.01% | $10,000 | 138 |
| 86 | FFORD MTR CO DEL | COM | 0.01% | $10,000 | 700 |
| 87 | GENERAL ELECTRIC CO | COM NEW | 0.01% | $10,000 | 95 |
| 88 | AEPAMERICAN ELEC PWR CO INC | COM | 0.01% | $10,000 | 130 |
| 89 | BXBLACKSTONE INC | COM | 0.01% | $9,000 | 100 |
| 90 | KOCOCA COLA CO | COM | 0.01% | $9,000 | 154 |
| 91 | TAT&T INC | COM | 0.01% | $8,000 | 555 |
| 92 | PDBCINVESCO ACTVELY MNGD ETC FD | OPTIMUM YIELD | 0.00% | $7,000 | 547 |
| 93 | PMPHILIP MORRIS INTL INC | COM | 0.00% | $7,000 | 78 |
| 94 | RTXRAYTHEON TECHNOLOGIES CORP | COM | 0.00% | $7,000 | 75 |
| 95 | EXREXTRA SPACE STORAGE INC | COM | 0.00% | $7,000 | 50 |
| 96 | LISTED FD TR | ROUNDHILL BALL | 0.00% | $6,000 | 600 |
| 97 | ARCCARES CAPITAL CORP | COM | 0.00% | $5,000 | 277 |
| 98 | CRCCALIFORNIA RES CORP | COM STOCK | 0.00% | $5,000 | 113 |
| 99 | GOLFACUSHNET HLDGS CORP | COM | 0.00% | $5,000 | 101 |
| 100 | BAXBAXTER INTL INC | COM | 0.00% | $4,000 | 100 |
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 ↗.