Managers / Q4 2023 · view latest →

Evolution Advisers, Inc.

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

Reported Value

$157M

Q4 2023

Positions

221

Filings on Record

2019–present window

Filed

Feb 2, 2024

original filing

Summary

Evolution Advisers, Inc. reported $157M in U.S.-listed holdings across 221 positions for Q4 2023.

The portfolio is heavily concentrated: VUG alone accounts for 31.1% of reported value.

Compared with Q3 2023, the fund opened 90 new positions and exited 11.

Portfolio Metrics

Turnover

+0.4%

vs prior filed quarter

Top-10 Concentration

+93.6%

share of reported value

Largest Position

+31.1%

Vanguard Index Fds

New / Exited

90 / 11

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% · $148M
Common Stock · 5.2% · $8M
ADR · 0.0% · $61,000
Other · 0.0% · $35,000
REIT · 0.0% · $35,000
NY Reg Shrs · 0.0% · $8,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
VOOV VANGUARD ADMIRAL FDS INC	NEW	+743	743	+$126,000	$126,000
SCHM SCHWAB STRATEGIC TR	NEW	+1.4K	1.4K	+$105,000	$105,000
LOW LOWES COS INC	NEW	+413	413	+$90,000	$90,000
SYK STRYKER CORPORATION	NEW	+300	300	+$89,000	$89,000
VXF VANGUARD INDEX FDS	NEW	+498	498	+$81,000	$81,000
J JACOBS SOLUTIONS INC	NEW	+600	600	+$77,000	$77,000
AMGN AMGEN INC	NEW	+200	200	+$59,000	$59,000
DFAU DIMENSIONAL ETF TRUST	NEW	+1.7K	1.7K	+$56,000	$56,000

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

Holdings — Q4 2023

168 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	VUG VANGUARD INDEX FDS	GROWTH ETF · VALUE ETF · SMALL CP ETF · S&P 500 ETF SHS · MCAP GR IDXVIP · TOTAL STK MKT · EXTEND MKT ETF · MID CAP ETF · LARGE CAP ETF · REAL ESTATE ETF	31.08%	$49M	230.4K
2	BSV VANGUARD BD INDEX FDS	SHORT TRM BOND · LONG TERM BOND · INTERMED TERM · TOTAL BND MRKT	15.58%	$24M	321.6K
3	VEA VANGUARD TAX-MANAGED FDS history →	VAN FTSE DEV MKT	15.17%	$24M	501.4K
4	BNDX VANGUARD CHARLOTTE FDS history →	TOTAL INT BD ETF	11.07%	$17M	352.4K
5	NULG NUSHARES ETF TR	NUVEEN ESG INTL · NUVEEN ESG LRGCP · NUVEEN ESG LRGVL · NUVEEN ESG EMRGN · NUVEEN ESG US · NUVEEN ESG SMLCP	6.86%	$11M	316.8K
6	VWO VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF · TT WRLD ST ETF · ALLWRLD EX US · FTSE PACIFIC ETF	5.69%	$9M	216.1K
7	VMBS VANGUARD SCOTTSDALE FDS	MTG-BKD SECS ETF · SHRT TRM CORP BD · TOTAL WLD BD ETF · INT-TERM CORP · LG-TERM COR BD	5.29%	$8M	175.6K
8	SCHX SCHWAB STRATEGIC TR	US LRG CAP ETF · US AGGREGATE B · INTL EQTY ETF · EMRG MKTEQ ETF · US MID-CAP ETF · US LCAP GR ETF · US SML CAP ETF · US BRD MKT ETF · US DIVIDEND EQ	1.36%	$2M	43.8K
9	PWV INVESCO EXCHANGE TRADED FD T	DYNMC LRG VALU · S&P MDCP MOMNTUM · S&P 500 GARP ETF	0.84%	$1M	25.3K
10	AAPL APPLE INC	COM	0.65%	$1M	5.5K
11	VTEB VANGUARD MUN BD FDS	TAX EXEMPT BD	0.65%	$1M	19.9K
12	DFAC DIMENSIONAL ETF TRUST	US CORE EQUITY 2 · US CORE EQT MKT	0.35%	$541,000	18.4K
13	UNP UNION PAC CORP	COM	0.34%	$537,000	2.2K
14	EXMOC EXXON MOBIL CORP	COM	0.31%	$492,000	4.8K
15	WFC WELLS FARGO CO NEW	COM	0.21%	$336,000	6.8K
16	VXUS VANGUARD STAR FDS	VG TL INTL STK F	0.21%	$334,000	5.8K
17	BRK/B BERKSHIRE HATHAWAY INC DEL	CL B NEW	0.21%	$328,000	905
18	ORI OLD REP INTL CORP	COM	0.18%	$285,000	9.7K
19	GOOGL ALPHABET INC	CAP STK CL A · CAP STK CL C	0.17%	$266,000	1.9K
20	KMB KIMBERLY-CLARK CORP	COM	0.16%	$246,000	2.0K
21	D DOMINION ENERGY INC	COM	0.14%	$225,000	4.6K
22	VYM VANGUARD WHITEHALL FDS	HIGH DIV YLD · EM MK GOV BD ETF	0.14%	$218,000	1.9K
23	IVV ISHARES TR	CORE S&P500 ETF · CORE S&P SCP ETF · ESG AW MSCI EAFE · CORE S&P MCP ETF · SP SMCP600VL ETF · RUS 1000 VAL ETF · GLOBAL 100 ETF · MSCI INTL QUALTY · RUS 1000 GRW ETF · SELF DRIVNG EV	0.13%	$206,000	1.6K
24	TSLA TESLA INC	COM	0.12%	$184,000	741
25	WMT WALMART INC	COM	0.12%	$183,000	1.2K
26	VOOV VANGUARD ADMIRAL FDS INC	500 VAL IDX FD · 500 GRTH IDX F	0.11%	$173,000	919
27	ELV ELEVANCE HEALTH INC	COM	0.11%	$172,000	360
28	NI NISOURCE INC	COM	0.10%	$160,000	5.9K
29	MSFT MICROSOFT CORP	COM	0.10%	$157,000	424
30	HD HOME DEPOT INC	COM	0.10%	$152,000	440
31	AMZN AMAZON COM INC	COM	0.08%	$118,000	786
32	JPM JPMORGAN CHASE & CO	COM	0.07%	$112,000	651
33	TDY TELEDYNE TECHNOLOGIES INC	COM	0.07%	$110,000	250
34	MKL MARKEL GROUP INC	COM	0.07%	$103,000	71
35	GNW GENWORTH FINL INC	COM CL A	0.06%	$101,000	15.2K
36	V VISA INC	COM CL A	0.06%	$99,000	381
37	COF CAPITAL ONE FINL CORP	COM	0.06%	$97,000	734
38	PEP PEPSICO INC	COM	0.06%	$94,000	542
39	LOW LOWES COS INC	COM	0.06%	$90,000	413
40	SYK STRYKER CORPORATION	COM	0.06%	$89,000	300
41	TMO THERMO FISHER SCIENTIFIC INC	COM	0.06%	$87,000	160
42	MA MASTERCARD INCORPORATED	CL A	0.05%	$86,000	205
43	XLU SELECT SECTOR SPDR TR	SBI INT-UTILS · TECHNOLOGY · SBI HEALTHCARE · SBI INT-INDS · FINANCIAL	0.05%	$86,000	1.0K
44	SPY SPDR S&P 500 ETF TR	TR UNIT	0.05%	$85,000	179
45	PG PROCTER AND GAMBLE CO	COM	0.05%	$80,000	540
46	ADBE ADOBE SYSTEMS INCORPORATED	COM	0.05%	$79,000	136
47	CW CURTISS WRIGHT CORP	COM	0.05%	$78,000	350
48	J JACOBS SOLUTIONS INC	COM	0.05%	$77,000	600
49	TROW PRICE T ROWE GROUP INC	COM	0.05%	$75,000	698
50	ACN ACCENTURE PLC IRELAND	SHS CLASS A	0.05%	$74,000	214
51	CSCO CISCO SYS INC	COM	0.05%	$72,000	1.4K
52	HSY HERSHEY CO	COM	0.05%	$72,000	377
53	JNJ JOHNSON & JOHNSON	COM	0.04%	$64,000	400
54	LMT LOCKHEED MARTIN CORP	COM	0.04%	$60,000	132
55	AMGN AMGEN INC	COM	0.04%	$59,000	200
56	TFC TRUIST FINL CORP	COM	0.04%	$57,000	1.5K
57	SEIC SEI INVTS CO	COM	0.04%	$55,000	873
58	PSX PHILLIPS 66	COM	0.03%	$51,000	383
59	AVGO BROADCOM INC	COM	0.03%	$49,000	45
60	NTR NUTRIEN LTD	COM	0.03%	$49,000	867
61	KNSL KINSALE CAP GROUP INC	COM	0.03%	$47,000	135
62	FIW FIRST TR EXCHANGE TRADED FD	WTR ETF	0.03%	$43,000	456
63	IDCC INTERDIGITAL INC	COM	0.03%	$43,000	400
64	UNH UNITEDHEALTH GROUP INC	COM	0.03%	$41,000	76
65	ADP AUTOMATIC DATA PROCESSING IN	COM	0.03%	$41,000	176
66	UBER UBER TECHNOLOGIES INC	COM	0.03%	$41,000	700
67	ORCL ORACLE CORP	COM	0.03%	$40,000	380
68	MCK MCKESSON CORP	COM	0.02%	$39,000	83
69	ETN EATON CORP PLC	SHS	0.02%	$36,000	150
70	SBUX STARBUCKS CORP	COM	0.02%	$36,000	383
71	UNILEVER PLC	SPON ADR NEW	0.02%	$34,000	700
72	DIS DISNEY WALT CO	COM	0.02%	$34,000	380
73	PPL PPL CORP	COM	0.02%	$33,000	1.2K
74	PAYX PAYCHEX INC	COM	0.02%	$32,000	275
75	DAL DELTA AIR LINES INC DEL	COM NEW	0.02%	$31,000	759
76	TTEN TOTALENERGIES SE	SPONSORED ADS	0.02%	$29,000	424
77	CHD CHURCH & DWIGHT CO INC	COM	0.02%	$28,000	300
78	HON HONEYWELL INTL INC	COM	0.02%	$28,000	134
79	BA BOEING CO	COM	0.02%	$28,000	110
80	CEG CONSTELLATION ENERGY CORP	COM	0.02%	$27,000	231
81	MDY SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	0.02%	$27,000	54
82	EXC EXELON CORP	COM	0.02%	$27,000	730
83	CTAS CINTAS CORP	COM	0.02%	$27,000	45
84	ESGV VANGUARD WORLD FD	ESG US STK ETF · ESG INTL STK ETF	0.02%	$25,000	344
85	HCA HCA HEALTHCARE INC	COM	0.02%	$24,000	88
86	FTNT FORTINET INC	COM	0.01%	$23,000	390
87	EL LAUDER ESTEE COS INC	CL A	0.01%	$23,000	157
88	TME TENCENT MUSIC ENTMT GROUP	SPON ADS	0.01%	$22,000	2.5K
89	TGT TARGET CORP	COM	0.01%	$20,000	142
90	CGW INVESCO EXCH TRADED FD TR II	S&P GBL WATER · GLOBAL WATER	0.01%	$20,000	425
91	IPG INTERPUBLIC GROUP COS INC	COM	0.01%	$19,000	570
92	IAU ISHARES GOLD TR	ISHARES NEW	0.01%	$19,000	484
93	CVX CHEVRON CORP NEW	COM	0.01%	$19,000	124
94	COST COSTCO WHSL CORP NEW	COM	0.01%	$18,000	28
95	INTC INTEL CORP	COM	0.01%	$18,000	375
96	IBM INTERNATIONAL BUSINESS MACHS	COM	0.01%	$16,000	100
97	CLX CLOROX CO DEL	COM	0.01%	$16,000	108
98	IEMG ISHARES INC	CORE MSCI EMKT	0.01%	$15,000	300
99	CRM SALESFORCE INC	COM	0.01%	$14,000	55
100	UPS UNITED PARCEL SERVICE INC	CL B	0.01%	$14,000	89

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 ↗.