Managers / Q1 2025 · view latest →
Evolution Advisers, Inc.
CIK 0001906967 · 2917 WEST LEIGH STREET, RICHMOND, VA, 23230 · 804-794-1981
Reported Value
$190M
Q1 2025
Positions
161
Filings on Record
18
2022–present window
Filed
May 9, 2025
original filing
Summary
Evolution Advisers, Inc. reported $190M in U.S.-listed holdings across 161 positions for Q1 2025.
The portfolio is heavily concentrated: VUG alone accounts for 30.0% of reported value.
Compared with Q4 2024, the fund opened 6 new positions and exited 28.
Portfolio Metrics
Turnover
+4.3%
vs prior filed quarter
Top-10 Concentration
+94.2%
share of reported value
Largest Position
+30.0%
Vanguard Index Fds
New / Exited
6 / 28
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% · $181M
- Common Stock · 4.9% · $9M
- Other · 0.0% · $41,000
- ADR · 0.0% · $27,000
- REIT · 0.0% · $10,000
Quarter-over-Quarter Changes full breakdown →
vs Q4 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SOSOUTHERN CO | NEW | +60 | 60 | +$5,000 | $5,000 |
| MRKMERCK & CO INC | NEW | +50 | 50 | +$4,000 | $4,000 |
| AMTAMERICAN TOWER CORP NEW | NEW | +14 | 14 | +$3,000 | $3,000 |
| VLOVALERO ENERGY CORP | NEW | +25 | 25 | +$3,000 | $3,000 |
| CGCPCAPITAL GRP FIXED INCM ETF T | NEW | +80 | 80 | +$1,000 | $1,000 |
| AMATAPPLIED MATLS INC | NEW | +0 | 0 | +$0 | $0 |
| VVVANGUARD INDEX FDS | ADDED | +1.7K | 1.8K | +$445,000 | $465,000 |
| VOVANGUARD INDEX FDS | ADDED | +1.3K | 1.4K | +$334,000 | $365,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2025
121 positions (from 161 filing rows — )
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | VUGVANGUARD INDEX FDS | GROWTH ETF · VALUE ETF · SMALL CP ETF · S&P 500 ETF SHS · MCAP GR IDXVIP · LARGE CAP ETF · MID CAP ETF · TOTAL STK MKT · EXTEND MKT ETF · REAL ESTATE ETF | 30.01% | $57M | 279.2K |
| 2 | BSVVANGUARD BD INDEX FDS | SHORT TRM BOND · LONG TERM BOND · INTERMED TERM · TOTAL BND MRKT | 16.00% | $30M | 406.4K |
| 3 | VEAVANGUARD TAX-MANAGED FDShistory → | VAN FTSE DEV MKT | 15.06% | $29M | 568.6K |
| 4 | BNDXVANGUARD CHARLOTTE FDShistory → | TOTAL INT BD ETF | 11.05% | $21M | 432.2K |
| 5 | NULGNUSHARES ETF TR | NUVEEN ESG INTL · NUVEEN ESG US · NUVEEN ESG LRGCP · NUVEEN ESG LRGVL · NUVEEN ESG EMRGN · NUVEEN ESG SMLCP | 8.28% | $16M | 467.9K |
| 6 | VWOVANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF · TT WRLD ST ETF · ALLWRLD EX US | 6.11% | $12M | 254.6K |
| 7 | VMBSVANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF · TOTAL WLD BD ETF · SHRT TRM CORP BD | 5.18% | $10M | 208.1K |
| 8 | SCHXSCHWAB STRATEGIC TR | US LRG CAP ETF · INTL EQTY ETF · US AGGREGATE B · EMRG MKTEQ ETF · US MID-CAP ETF · US LCAP GR ETF · US SML CAP ETF · US BRD MKT ETF | 1.06% | $2M | 89.8K |
| 9 | PWVINVESCO EXCHANGE TRADED FD T | LARGE CAP VALUE · S&P 500 GARP ETF | 0.76% | $1M | 24.3K |
| 10 | AAPLAPPLE INC | COM | 0.64% | $1M | 5.5K |
| 11 | VTEBVANGUARD MUN BD FDS | TAX EXEMPT BD | 0.41% | $781,000 | 15.8K |
| 12 | GNWGENWORTH FINL INC | COM SHS | 0.36% | $680,000 | 96.3K |
| 13 | DFACDIMENSIONAL ETF TRUST | US CORE EQUITY 2 · US CORE EQT MKT | 0.32% | $615,000 | 18.4K |
| 14 | EXMOCEXXON MOBIL CORP | COM | 0.30% | $575,000 | 4.9K |
| 15 | VXUSVANGUARD STAR FDS | VG TL INTL STK F | 0.29% | $549,000 | 8.8K |
| 16 | IAGGISHARES TR | CORE INTL AGGR · CORE S&P500 ETF · ESG AW MSCI EAFE · CORE S&P SCP ETF · CORE S&P MCP ETF · RUS 1000 VAL ETF · GLOBAL 100 ETF · MSCI INTL QUALTY · SELF DRIVNG EV | 0.27% | $519,000 | 8.2K |
| 17 | UNPUNION PAC CORP | COM | 0.27% | $515,000 | 2.2K |
| 18 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.25% | $481,000 | 905 |
| 19 | WFCWELLS FARGO CO NEW | COM | 0.17% | $318,000 | 4.4K |
| 20 | ORIOLD REP INTL CORP | COM | 0.16% | $308,000 | 7.9K |
| 21 | WMTWALMART INC | COM | 0.16% | $302,000 | 3.5K |
| 22 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 0.16% | $297,000 | 1.9K |
| 23 | NINISOURCE INC | COM | 0.12% | $237,000 | 5.9K |
| 24 | VYMVANGUARD WHITEHALL FDS | HIGH DIV YLD · EM MK GOV BD ETF | 0.12% | $235,000 | 1.8K |
| 25 | KMBKIMBERLY-CLARK CORP | COM | 0.12% | $228,000 | 1.6K |
| 26 | AMZNAMAZON COM INC | COM | 0.10% | $198,000 | 1.0K |
| 27 | HDHOME DEPOT INC | COM | 0.08% | $161,000 | 440 |
| 28 | JPMJPMORGAN CHASE & CO. | COM | 0.08% | $159,000 | 651 |
| 29 | MSFTMICROSOFT CORP | COM | 0.08% | $146,000 | 390 |
| 30 | MKLMARKEL GROUP INC | COM | 0.07% | $140,000 | 75 |
| 31 | HCAHCA HEALTHCARE INC | COM | 0.07% | $134,000 | 390 |
| 32 | VVISA INC | COM CL A | 0.07% | $133,000 | 381 |
| 33 | TDYTELEDYNE TECHNOLOGIES INC | COM | 0.07% | $124,000 | 250 |
| 34 | MAMASTERCARD INCORPORATED | CL A | 0.06% | $112,000 | 205 |
| 35 | TFCTRUIST FINL CORP | COM | 0.06% | $112,000 | 74.8K |
| 36 | CWCURTISS WRIGHT CORP | COM | 0.06% | $111,000 | 350 |
| 37 | SYKSTRYKER CORPORATION | COM | 0.06% | $111,000 | 300 |
| 38 | DDOMINION ENERGY INC | COM | 0.06% | $110,000 | 2.0K |
| 39 | PGPROCTER AND GAMBLE CO | COM | 0.06% | $105,000 | 619 |
| 40 | ELVELEVANCE HEALTH INC | COM | 0.05% | $102,000 | 236 |
| 41 | SPYSPDR S&P 500 ETF TR | TR UNIT | 0.05% | $100,000 | 179 |
| 42 | KNSLKINSALE CAP GROUP INC | COM | 0.05% | $96,000 | 199 |
| 43 | LOWLOWES COS INC | COM | 0.05% | $96,000 | 413 |
| 44 | CSCOCISCO SYS INC | COM | 0.05% | $88,000 | 1.4K |
| 45 | TMOTHERMO FISHER SCIENTIFIC INC | COM | 0.04% | $79,000 | 160 |
| 46 | PEPPEPSICO INC | COM | 0.04% | $78,000 | 526 |
| 47 | AVGOBROADCOM INC | COM | 0.04% | $75,000 | 450 |
| 48 | JNJJOHNSON & JOHNSON | COM | 0.04% | $74,000 | 451 |
| 49 | JJACOBS SOLUTIONS INC | COM | 0.04% | $72,000 | 600 |
| 50 | COFCAPITAL ONE FINL CORP | COM | 0.04% | $69,000 | 398 |
| 51 | SEICSEI INVTS CO | COM | 0.04% | $67,000 | 873 |
| 52 | TROWPRICE T ROWE GROUP INC | COM | 0.03% | $66,000 | 728 |
| 53 | HSYHERSHEY CO | COM | 0.03% | $65,000 | 381 |
| 54 | TSLATESLA INC | COM | 0.03% | $65,000 | 251 |
| 55 | AMGNAMGEN INC | COM | 0.03% | $62,000 | 200 |
| 56 | ACNACCENTURE PLC IRELAND | SHS CLASS A | 0.03% | $59,000 | 192 |
| 57 | LMTLOCKHEED MARTIN CORP | COM | 0.03% | $58,000 | 132 |
| 58 | MCKMCKESSON CORP | COM | 0.03% | $55,000 | 83 |
| 59 | ORCLORACLE CORP | COM | 0.03% | $53,000 | 380 |
| 60 | ADPAUTOMATIC DATA PROCESSING IN | COM | 0.03% | $53,000 | 176 |
| 61 | PSXPHILLIPS 66 | COM | 0.03% | $49,000 | 400 |
| 62 | CEGCONSTELLATION ENERGY CORP | COM | 0.02% | $47,000 | 232 |
| 63 | FIWFIRST TR EXCHANGE-TRADED FD | WTR ETF | 0.02% | $45,000 | 456 |
| 64 | ADBEADOBE INC | COM | 0.02% | $45,000 | 119 |
| 65 | NTRNUTRIEN LTD | COM | 0.02% | $43,000 | 867 |
| 66 | PPLPPL CORP | COM | 0.02% | $43,000 | 1.2K |
| 67 | PAYXPAYCHEX INC | COM | 0.02% | $42,000 | 275 |
| 68 | UNILEVER PLC | SPON ADR NEW | 0.02% | $41,000 | 700 |
| 69 | UNHUNITEDHEALTH GROUP INC | COM | 0.02% | $39,000 | 75 |
| 70 | SBUXSTARBUCKS CORP | COM | 0.02% | $37,000 | 383 |
| 71 | FTNTFORTINET INC | COM | 0.02% | $37,000 | 390 |
| 72 | CTASCINTAS CORP | COM | 0.02% | $36,000 | 180 |
| 73 | EXCEXELON CORP | COM | 0.02% | $34,000 | 760 |
| 74 | ETNEATON CORP PLC | SHS | 0.02% | $34,000 | 126 |
| 75 | DALDELTA AIR LINES INC DEL | COM NEW | 0.02% | $33,000 | 759 |
| 76 | CHDCHURCH & DWIGHT CO INC | COM | 0.02% | $30,000 | 278 |
| 77 | MDYSPDR S&P MIDCAP 400 ETF TR | UTSER1 S&PDCRP | 0.01% | $28,000 | 54 |
| 78 | HONHONEYWELL INTL INC | COM | 0.01% | $28,000 | 136 |
| 79 | IBMINTERNATIONAL BUSINESS MACHS | COM | 0.01% | $27,000 | 109 |
| 80 | TTENTOTALENERGIES SE | SPONSORED ADS | 0.01% | $27,000 | 424 |
| 81 | COSTCOSTCO WHSL CORP NEW | COM | 0.01% | $26,000 | 28 |
| 82 | CVXCHEVRON CORP NEW | COM | 0.01% | $25,000 | 150 |
| 83 | WSMWILLIAMS SONOMA INC | COM | 0.01% | $20,000 | 132 |
| 84 | ESGVVANGUARD WORLD FD | ESG US STK ETF | 0.01% | $19,000 | 199 |
| 85 | GE AEROSPACE | COM NEW | 0.01% | $19,000 | 95 |
| 86 | TAT&T INC | COM | 0.01% | $18,000 | 644 |
| 87 | IEMGISHARES INC | CORE MSCI EMKT | 0.01% | $16,000 | 300 |
| 88 | MOALTRIA GROUP INC | COM | 0.01% | $16,000 | 274 |
| 89 | CRMSALESFORCE INC | COM | 0.01% | $13,000 | 50 |
| 90 | RIVNRIVIAN AUTOMOTIVE INC | COM CL A | 0.01% | $12,000 | 1.0K |
| 91 | AWKAMERICAN WTR WKS CO INC NEW | COM | 0.01% | $11,000 | 80 |
| 92 | AMTMAMENTUM HOLDINGS INC | COM | 0.01% | $10,000 | 600 |
| 93 | DHRDANAHER CORPORATION | COM | 0.01% | $10,000 | 50 |
| 94 | DISDISNEY WALT CO | COM | 0.00% | $9,000 | 100 |
| 95 | UPSUNITED PARCEL SERVICE INC | CL B | 0.00% | $8,000 | 79 |
| 96 | DUKDUKE ENERGY CORP NEW | COM NEW | 0.00% | $8,000 | 71 |
| 97 | LISTED FD TR | ROUNDHILL BALL | 0.00% | $8,000 | 600 |
| 98 | GOLFACUSHNET HLDGS CORP | COM | 0.00% | $7,000 | 103 |
| 99 | GEVGE VERNOVA INC | COM | 0.00% | $7,000 | 23 |
| 100 | FFORD MTR CO | COM | 0.00% | $7,000 | 700 |
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 ↗.