Managers / Q2 2025
DHK Financial Advisors, Inc.
CIK 0001922962 · 3 GREENLEAF WOODS DR UNIT 202, PORTSMOUTH, NH, 03801 · 6034365801
Reported Value
$174M
Q2 2025
Positions
87
Filings on Record
15
2019–present window
Filed
Aug 14, 2025
original filing
Summary
Dhk Financial Advisors, Inc. reported $174M in U.S.-listed holdings across 87 positions for Q2 2025.
The portfolio is heavily concentrated: BRK/B alone accounts for 30.4% of reported value.
Compared with Q1 2025, the fund opened 2 new positions and exited 5.
Portfolio Metrics
Turnover
+8.9%
vs prior filed quarter
Top-10 Concentration
+77.2%
share of reported value
Largest Position
+30.4%
Berkshire Hathaway
New / Exited
2 / 5
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 · 60.7% · $106M
- Common Stock · 39.1% · $68M
- MLP · 0.2% · $420,626
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| WMTWALMART INC | NEW | +3.2K | 3.2K | +$301,913 | $301,913 |
| BKNGBOOKING HOLDINGS INC | NEW | +40 | 40 | +$231,570 | $231,570 |
| VVISA INC | ADDED | +733 | 1.5K | +$260,252 | $515,737 |
| DGRWWISDOMTREE TR | ADDED | +21.4K | 42.7K | +$2M | $3M |
| IWMISHARES TR | SOLD OUT | −4.8K | 0 | −$956,355 | $0 |
| DGSWISDOMTREE TR | ADDED | +14.1K | 28.2K | +$778,884 | $1M |
| MRSHMARSH & MCLENNAN COS INC | SOLD OUT | −866 | 0 | −$211,330 | $0 |
| TMUST-MOBILE US INC | SOLD OUT | −772 | 0 | −$205,900 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2025
53 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW · CL A | 30.43% | $53M | 71.5K |
| 2 | VTVANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF · ALLWRLD EX US · FTSE EMR MKT ETF · FTSE SMCAP ETF | 12.03% | $21M | 203.6K |
| 3 | IWVISHARES TR | RUSSELL 3000 ETF · CORE MSCI EAFE · FLTG RATE NT ETF · MSCI USA QLT FCT · MSCI INDIA SM CP · MSCI CHINA ETF · MSCI USA VALUE · CORE US AGGBD ET · IBOXX HI YD ETF · USD INV GRDE ETF · GLOBAL 100 ETF · RUS 2000 VAL ETF · MSCI EAFE ETF · NORTH AMERN NAT · 3 7 YR TREAS BD | 9.49% | $16M | 179.4K |
| 4 | GLDSPDR GOLD TRhistory → | GOLD SHS | 5.22% | $9M | 29.8K |
| 5 | FTSLFIRST TR EXCHANGE-TRADED FD | SENIOR LN FD · SMID RISNG ETF · NASDAQ CYB ETF | 4.91% | $9M | 184.4K |
| 6 | SPYSPDR S&P 500 ETF TRhistory → | TR UNIT | 3.84% | $7M | 10.8K |
| 7 | MOATVANECK ETF TRUST | MRNGSTR WDE MOAT · INDIA GROWTH LDR · SEMICONDUCTR ETF · URANIUM AND NUCL | 3.53% | $6M | 68.1K |
| 8 | DGRWWISDOMTREE TR | US QTLY DIV GRT · EMG MKTS SMCAP | 2.85% | $5M | 70.9K |
| 9 | VPUVANGUARD WORLD FD | UTILITIES ETF · ESG INTL STK ETF | 2.60% | $5M | 31.2K |
| 10 | SPDR SERIES TRUST | PORTFOLIO S&P600 · S&P CAP MKTS | 2.32% | $4M | 70.5K |
| 11 | VONGVANGUARD SCOTTSDALE FDS | VNG RUS1000GRW · VNG RUS1000VAL | 1.75% | $3M | 31.5K |
| 12 | SCHCSCHWAB STRATEGIC TR | INTL SCEQT ETF · US SML CAP ETF | 1.58% | $3M | 70.4K |
| 13 | TSPAT ROWE PRICE ETF INC | US EQUITY RESEAR · GROWTH ETF | 1.33% | $2M | 58.8K |
| 14 | INCOCOLUMBIA ETF TR IIhistory → | INDIA CONSMR ETF | 1.22% | $2M | 32.8K |
| 15 | FLINFRANKLIN TEMPLETON ETF TRhistory → | FRANKLIN INDIA | 1.04% | $2M | 45.5K |
| 16 | RWOSPDR INDEX SHS FDS | DJ GLB RL ES ETF · PORTFOLIO DEVLPD | 1.01% | $2M | 41.0K |
| 17 | QQQINVESCO QQQ TRhistory → | UNIT SER 1 | 1.00% | $2M | 3.2K |
| 18 | PARPAR TECHNOLOGY CORP | COM | 0.97% | $2M | 24.4K |
| 19 | ARKWARK ETF TR | AUTNMUS TECHNLGY · NEXT GNRTN INTER | 0.93% | $2M | 15.0K |
| 20 | AVSCAMERICAN CENTY ETF TR | US SML CP VALU · AVANTIS US SMALL · INTL SMCP VLU | 0.80% | $1M | 19.4K |
| 21 | COWZPACER FDS TR | US CASH COWS 100 | 0.75% | $1M | 23.8K |
| 22 | SGISOMNIGROUP INTERNATIONAL INC | COM | 0.70% | $1M | 18.0K |
| 23 | NVDANVIDIA CORPORATION | COM | 0.67% | $1M | 7.4K |
| 24 | MSFTMICROSOFT CORP | COM | 0.54% | $937,466 | 1.9K |
| 25 | AUSFGLOBAL X FDS | ADAPTIVE US · US INFR DEV ETF | 0.51% | $883,903 | 20.0K |
| 26 | LMBLIMBACH HLDGS INC | COM | 0.51% | $881,789 | 6.3K |
| 27 | JPMJPMORGAN CHASE & CO. | COM | 0.49% | $849,697 | 2.9K |
| 28 | XMHQINVESCO EXCHANGE TRADED FD T | S&P MDCP QUALITY | 0.45% | $790,082 | 8.0K |
| 29 | BIVVANGUARD BD INDEX FDS | INTERMED TERM | 0.44% | $769,533 | 9.9K |
| 30 | APGAPI GROUP CORP | COM STK | 0.44% | $760,747 | 14.9K |
| 31 | AAPLAPPLE INC | COM | 0.39% | $672,002 | 3.3K |
| 32 | IEMGISHARES INC | CORE MSCI EMKT | 0.38% | $653,547 | 10.9K |
| 33 | GTXGARRETT MOTION INC | COM | 0.35% | $612,386 | 58.3K |
| 34 | PTBPOTBELLY CORP | COM | 0.34% | $583,737 | 47.7K |
| 35 | LYVLIVE NATION ENTERTAINMENT IN | COM | 0.31% | $545,364 | 3.6K |
| 36 | AMZNAMAZON COM INC | COM | 0.30% | $529,827 | 2.4K |
| 37 | VVISA INC | COM CL A | 0.30% | $515,737 | 1.5K |
| 38 | CRHCRH PLC | ORD | 0.29% | $504,992 | 5.5K |
| 39 | AVGOBROADCOM INC | COM | 0.28% | $484,041 | 1.8K |
| 40 | DFHDREAM FINDERS HOMES INC | COM CL A | 0.26% | $446,811 | 17.8K |
| 41 | SLVISHARES SILVER TR | ISHARES | 0.25% | $435,389 | 13.3K |
| 42 | GOOGLALPHABET INC | CAP STK CL A | 0.25% | $434,315 | 2.5K |
| 43 | NRPNATURAL RESOURCE PARTNERS L | COM UNIT LTD PAR | 0.24% | $420,626 | 4.4K |
| 44 | RWKINVESCO EXCH TRADED FD TR II | S&P MDCP 400 REV | 0.24% | $413,320 | 3.5K |
| 45 | FDVVFIDELITY COVINGTON TRUST | HIGH DIVID ETF | 0.22% | $373,980 | 7.2K |
| 46 | RSSSRESEARCH SOLUTIONS INC | COM | 0.20% | $340,844 | 118.8K |
| 47 | WMTWALMART INC | COM | 0.17% | $301,913 | 3.2K |
| 48 | RELYREMITLY GLOBAL INC | COM | 0.16% | $270,757 | 14.4K |
| 49 | LRCXLAM RESEARCH CORP | COM NEW | 0.16% | $269,976 | 2.8K |
| 50 | METAMETA PLATFORMS INC | CL A | 0.14% | $249,723 | 338 |
| 51 | COSTCOSTCO WHSL CORP NEW | COM | 0.14% | $242,535 | 245 |
| 52 | SCHWSCHWAB CHARLES CORP | COM | 0.14% | $235,740 | 2.6K |
| 53 | BKNGBOOKING HOLDINGS INC | COM | 0.13% | $231,570 | 40 |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q2 2025 | $174M | 87 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $182M | 90 | Apr 11, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $165M | 89 | Jan 22, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $163M | 83 | Oct 24, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $143M | 75 | Aug 9, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $141M | 72 | May 10, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $133M | 68 | Jan 29, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $112M | 63 | Nov 1, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $118M | 62 | Jul 19, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $80M | 41 | May 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $72M | 33 | Jan 31, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $61M | 32 | Nov 8, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $105M | 41 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $118M | 39 | Apr 13, 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 ↗.