Managers / Q3 2023 · view latest →
Evolution Advisers, Inc.
CIK 0001906967 · 2917 WEST LEIGH STREET, RICHMOND, VA, 23230 · 804-794-1981
Reported Value
$138M
Q3 2023
Positions
142
Filings on Record
18
2019–present window
Filed
Oct 20, 2023
original filing
Summary
Evolution Advisers, Inc. reported $138M in U.S.-listed holdings across 142 positions for Q3 2023.
The portfolio is heavily concentrated: VUG alone accounts for 30.6% of reported value.
Compared with Q2 2023, the fund opened 1 new position and exited 25.
Portfolio Metrics
Turnover
+0.5%
vs prior filed quarter
Top-10 Concentration
+94.9%
share of reported value
Largest Position
+30.6%
Vanguard Index Fds
New / Exited
1 / 25
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 · 95.5% · $132M
- Common Stock · 4.4% · $6M
- REIT · 0.0% · $6,000
Quarter-over-Quarter Changes full breakdown →
vs Q2 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| COFCAPITAL ONE FINL CORP | NEW | +665 | 665 | +$64,000 | $64,000 |
| BABOEING CO | SOLD OUT | −100 | 0 | −$21,000 | $0 |
| IVVISHARES TR | SOLD OUT | −34 | 0 | −$15,000 | $0 |
| BNDVANGUARD BD INDEX FDS | SOLD OUT | −211 | 0 | −$15,000 | $0 |
| MDLZMONDELEZ INTL INC | SOLD OUT | −138 | 0 | −$10,000 | $0 |
| BXBLACKSTONE INC | SOLD OUT | −100 | 0 | −$9,000 | $0 |
| PMPHILIP MORRIS INTL INC | SOLD OUT | −78 | 0 | −$7,000 | $0 |
| PDBCINVESCO ACTVELY MNGD ETC FD | SOLD OUT | −547 | 0 | −$7,000 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2023
106 positions
| # | 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 | 30.60% | $42M | 224.4K |
| 2 | BSVVANGUARD BD INDEX FDS | SHORT TRM BOND · LONG TERM BOND · INTERMED TERM | 16.38% | $23M | 313.2K |
| 3 | VEAVANGUARD TAX-MANAGED FDShistory → | VAN FTSE DEV MKT | 15.18% | $21M | 479.8K |
| 4 | BNDXVANGUARD CHARLOTTE FDShistory → | TOTAL INT BD ETF | 11.83% | $16M | 341.7K |
| 5 | NULGNUSHARES ETF TR | NUVEEN ESG INTL · NUVEEN ESG LRGCP · NUVEEN ESG LRGVL · NUVEEN ESG EMRGN · NUVEEN ESG US · NUVEEN ESG SMLCP | 7.17% | $10M | 315.4K |
| 6 | VWOVANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF · TT WRLD ST ETF · ALLWRLD EX US | 5.76% | $8M | 201.8K |
| 7 | VMBSVANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF · SHRT TRM CORP BD · TOTAL WLD BD ETF | 5.47% | $8M | 169.2K |
| 8 | SCHXSCHWAB STRATEGIC TR | US LRG CAP ETF · US AGGREGATE B · INTL EQTY ETF · EMRG MKTEQ ETF · US LCAP GR ETF · US SML CAP ETF · US BRD MKT ETF · US TIPS ETF · US REIT ETF | 1.27% | $2M | 39.7K |
| 9 | PWVINVESCO EXCHANGE TRADED FD T | DYNMC LRG VALU | 0.84% | $1M | 24.8K |
| 10 | VTEBVANGUARD MUN BD FDS | TAX EXEMPT BD | 0.42% | $577,000 | 12.0K |
| 11 | EXMOCEXXON MOBIL CORP | COM | 0.41% | $566,000 | 4.8K |
| 12 | UNPUNION PAC CORP | COM | 0.34% | $472,000 | 2.3K |
| 13 | DFACDIMENSIONAL ETF TRUST | US CORE EQUITY 2 · WORLD EX US CORE · US TARGETED VLU | 0.32% | $438,000 | 16.8K |
| 14 | AAPLAPPLE INC | COM | 0.28% | $383,000 | 2.2K |
| 15 | ORIOLD REP INTL CORP | COM | 0.21% | $288,000 | 10.7K |
| 16 | WFCWELLS FARGO CO NEW | COM | 0.20% | $278,000 | 6.8K |
| 17 | UBSIUNITED BANKSHARES INC WEST V | COM | 0.20% | $277,000 | 10.0K |
| 18 | KMBKIMBERLY-CLARK CORP | COM | 0.18% | $242,000 | 2.0K |
| 19 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.17% | $229,000 | 655 |
| 20 | VYMVANGUARD WHITEHALL FDS | HIGH DIV YLD · EM MK GOV BD ETF | 0.14% | $198,000 | 1.9K |
| 21 | TSLATESLA INC | COM | 0.13% | $184,000 | 741 |
| 22 | WMTWALMART INC | COM | 0.13% | $184,000 | 1.1K |
| 23 | ELVELEVANCE HEALTH INC | COM | 0.12% | $161,000 | 371 |
| 24 | NINISOURCE INC | COM | 0.11% | $146,000 | 5.9K |
| 25 | DDOMINION ENERGY INC | COM | 0.10% | $143,000 | 3.2K |
| 26 | HDHOME DEPOT INC | COM | 0.10% | $132,000 | 440 |
| 27 | MOALTRIA GROUP INC | COM | 0.09% | $129,000 | 3.1K |
| 28 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 0.09% | $120,000 | 920 |
| 29 | MSFTMICROSOFT CORP | COM | 0.08% | $104,000 | 330 |
| 30 | MKLMARKEL GROUP INC | COM | 0.08% | $104,000 | 70 |
| 31 | TDYTELEDYNE TECHNOLOGIES INC | COM | 0.07% | $102,000 | 250 |
| 32 | GNWGENWORTH FINL INC | COM CL A | 0.07% | $90,000 | 15.2K |
| 33 | TROWPRICE T ROWE GROUP INC | COM | 0.06% | $85,000 | 820 |
| 34 | MAMASTERCARD INCORPORATED | CL A | 0.06% | $81,000 | 205 |
| 35 | TMOTHERMO FISHER SCIENTIFIC INC | COM | 0.06% | $80,000 | 160 |
| 36 | PGPROCTER AND GAMBLE CO | COM | 0.06% | $78,000 | 540 |
| 37 | SPYSPDR S&P 500 ETF TR | TR UNIT | 0.06% | $76,000 | 179 |
| 38 | HSYHERSHEY CO | COM | 0.05% | $75,000 | 375 |
| 39 | VVISA INC | COM CL A | 0.05% | $71,000 | 310 |
| 40 | CWCURTISS WRIGHT CORP | COM | 0.05% | $68,000 | 350 |
| 41 | AMZNAMAZON COM INC | COM | 0.05% | $66,000 | 526 |
| 42 | COFCAPITAL ONE FINL CORP | COM | 0.05% | $64,000 | 665 |
| 43 | ADBEADOBE SYSTEMS INCORPORATED | COM | 0.04% | $60,000 | 119 |
| 44 | PEPPEPSICO INC | COM | 0.04% | $57,000 | 342 |
| 45 | KNSLKINSALE CAP GROUP INC | COM | 0.04% | $55,000 | 135 |
| 46 | LMTLOCKHEED MARTIN CORP | COM | 0.04% | $53,000 | 132 |
| 47 | JNJJOHNSON & JOHNSON | COM | 0.03% | $46,000 | 299 |
| 48 | PSXPHILLIPS 66 | COM | 0.03% | $46,000 | 383 |
| 49 | IJHISHARES TR | CORE S&P MCP ETF · RUS 1000 VAL ETF · CORE S&P SCP ETF · GLOBAL 100 ETF · SELF DRIVNG EV · IBOXX HI YD ETF | 0.03% | $41,000 | 242 |
| 50 | HCAHCA HEALTHCARE INC | COM | 0.03% | $40,000 | 165 |
| 51 | ORCLORACLE CORP | COM | 0.03% | $40,000 | 380 |
| 52 | UNHUNITEDHEALTH GROUP INC | COM | 0.03% | $38,000 | 75 |
| 53 | ACNACCENTURE PLC IRELAND | SHS CLASS A | 0.03% | $38,000 | 125 |
| 54 | VXUSVANGUARD STAR FDS | VG TL INTL STK F | 0.03% | $38,000 | 716 |
| 55 | FIWFIRST TR EXCHANGE TRADED FD | WTR ETF | 0.03% | $37,000 | 456 |
| 56 | MCKMCKESSON CORP | COM | 0.03% | $36,000 | 83 |
| 57 | JPMJPMORGAN CHASE & CO | COM | 0.03% | $36,000 | 251 |
| 58 | IDCCINTERDIGITAL INC | COM | 0.02% | $32,000 | 400 |
| 59 | PAYXPAYCHEX INC | COM | 0.02% | $31,000 | 275 |
| 60 | ETNEATON CORP PLC | SHS | 0.02% | $31,000 | 150 |
| 61 | CSCOCISCO SYS INC | COM | 0.02% | $30,000 | 557 |
| 62 | DALDELTA AIR LINES INC DEL | COM NEW | 0.02% | $28,000 | 759 |
| 63 | TFCTRUIST FINL CORP | COM | 0.02% | $28,000 | 1.0K |
| 64 | EXCEXELON CORP | COM | 0.02% | $27,000 | 723 |
| 65 | PPLPPL CORP | COM | 0.02% | $27,000 | 1.2K |
| 66 | CHDCHURCH & DWIGHT CO INC | COM | 0.02% | $27,000 | 300 |
| 67 | PFEPFIZER INC | COM | 0.02% | $26,000 | 794 |
| 68 | CEGCONSTELLATION ENERGY CORP | COM | 0.02% | $25,000 | 230 |
| 69 | MDYSPDR S&P MIDCAP 400 ETF TR | UTSER1 S&PDCRP | 0.02% | $24,000 | 54 |
| 70 | HONHONEYWELL INTL INC | COM | 0.02% | $24,000 | 133 |
| 71 | DISDISNEY WALT CO | COM | 0.02% | $22,000 | 275 |
| 72 | NEENEXTERA ENERGY INC | COM | 0.02% | $22,000 | 400 |
| 73 | CTASCINTAS CORP | COM | 0.02% | $21,000 | 45 |
| 74 | CVXCHEVRON CORP NEW | COM | 0.01% | $20,000 | 124 |
| 75 | COSTCOSTCO WHSL CORP NEW | COM | 0.01% | $15,000 | 28 |
| 76 | IEMGISHARES INC | CORE MSCI EMKT | 0.01% | $14,000 | 300 |
| 77 | IBMINTERNATIONAL BUSINESS MACHS | COM | 0.01% | $14,000 | 100 |
| 78 | INTCINTEL CORP | COM | 0.01% | $13,000 | 375 |
| 79 | UPSUNITED PARCEL SERVICE INC | CL B | 0.01% | $12,000 | 79 |
| 80 | DHRDANAHER CORPORATION | COM | 0.01% | $12,000 | 50 |
| 81 | BMYBRISTOL-MYERS SQUIBB CO | COM | 0.01% | $10,000 | 180 |
| 82 | GENERAL ELECTRIC CO | COM NEW | 0.01% | $10,000 | 95 |
| 83 | BACBANK AMERICA CORP | COM | 0.01% | $10,000 | 400 |
| 84 | AWKAMERICAN WTR WKS CO INC NEW | COM | 0.01% | $9,000 | 80 |
| 85 | AEPAMERICAN ELEC PWR CO INC | COM | 0.01% | $9,000 | 130 |
| 86 | TAT&T INC | COM | 0.01% | $8,000 | 561 |
| 87 | FFORD MTR CO DEL | COM | 0.01% | $8,000 | 700 |
| 88 | KOCOCA COLA CO | COM | 0.01% | $8,000 | 143 |
| 89 | CRCCALIFORNIA RES CORP | COM STOCK | 0.00% | $6,000 | 113 |
| 90 | EXREXTRA SPACE STORAGE INC | COM | 0.00% | $6,000 | 50 |
| 91 | ARCCARES CAPITAL CORP | COM | 0.00% | $5,000 | 277 |
| 92 | LISTED FD TR | ROUNDHILL BALL | 0.00% | $5,000 | 600 |
| 93 | RTXRAYTHEON TECHNOLOGIES CORP | COM | 0.00% | $5,000 | 75 |
| 94 | GOLFACUSHNET HLDGS CORP | COM | 0.00% | $5,000 | 102 |
| 95 | VZVERIZON COMMUNICATIONS INC | COM | 0.00% | $4,000 | 142 |
| 96 | KMXCARMAX INC | COM | 0.00% | $3,000 | 43 |
| 97 | BAXBAXTER INTL INC | COM | 0.00% | $3,000 | 100 |
| 98 | SYFSYNCHRONY FINANCIAL | COM | 0.00% | $2,000 | 72 |
| 99 | SIRIUS XM HOLDINGS INC | COM | 0.00% | $2,000 | 600 |
| 100 | METMETLIFE INC | COM | 0.00% | $2,000 | 40 |
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 ↗.