Managers / Q1 2025 · view latest →
Joel Adams & Associates, Inc.
CIK 0002020459 · 545 MERRIMON AVENUE, ASHEVILLE, NC, 28804 · (828) 251-9700
Summary
Joel Adams & Associates, Inc. reported $111M in U.S.-listed holdings across 61 positions for Q1 2025.
Its largest position, Vanguard Index Fds, represents 16.4% of the portfolio.
Compared with Q4 2024, the fund opened 4 new positions and exited 1.
Portfolio Metrics
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. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 92.7% · $103M
- Common Stock · 7.3% · $8M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| VANGUARD SCOTTSDALE FDS | NEW | +4.9K | 4.9K | +$290,941 | $290,941 |
| ISHARES TR | NEW | +785 | 785 | +$283,398 | $283,398 |
| ISHARES TR | NEW | +1.5K | 1.5K | +$282,497 | $282,497 |
| SELECT SECTOR SPDR TR | NEW | +1.3K | 1.3K | +$263,262 | $263,262 |
| ISHARES TR | SOLD OUT | −3.9K | 0 | −$259,329 | $0 |
| ISHARES U S ETF TR | ADDED | +8.6K | 24.8K | +$443,843 | $1M |
| PIMCO ETF TR | ADDED | +4.3K | 12.9K | +$439,756 | $1M |
| ISHARES TR | TRIMMED | −548 | 981 | −$349,025 | $551,293 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ISHARES TR | CORE US AGGBD ET · ESG AWR US AGRGT · CORE MSCI EAFE · NATIONAL MUN ETF · CORE S&P MCP ETF · CORE S&P SCP ETF · BROAD USD HIGH · SHRT NAT MUN ETF · MSCI USA MIN VOL · MSCI USA MMENTM · CORE S&P500 ETF · MSCI ACWI EX US · MSCI USA SMCP MN · US TREAS BD ETF · ESG AWRE 1 5 YR · 7-10 YR TRSY BD · RUS 1000 GRW ETF | 40.54% | $45M | 645.8K |
| 2 | VANGUARD INDEX FDS | S&P 500 ETF SHS · MID CAP ETF · TOTAL STK MKT | 19.78% | $22M | 49.7K |
| 3 | VANGUARD MUN BD FDS | TAX EXEMPT BD | 9.69% | $11M | 217.1K |
| 4 | VANGUARD WORLD FD | ESG INTL STK ETF · ESG US STK ETF · ESG US CORP BD | 8.85% | $10M | 163.9K |
| 5 | VANGUARD STAR FDS | VG TL INTL STK F | 2.91% | $3M | 52.0K |
| 6 | SPDR SER TR | BLOOMBERG 1-3 MO · NUVEEN BLOOMBERG · PORTFOLIO S&P500 · S&P DIVID ETF | 2.29% | $3M | 40.6K |
| 7 | ISHARES INC | CORE MSCI EMKT | 1.66% | $2M | 34.2K |
| 8 | VANGUARD BD INDEX FDS | TOTAL BND MRKT | 1.44% | $2M | 21.7K |
| 9 | PIMCO ETF TR | ENHAN SHRT MA AC | 1.17% | $1M | 12.9K |
| 10 | ISHARES U S ETF TR | SHORT DURATION B | 1.13% | $1M | 24.8K |
| 11 | AAPLAPPLE INChistory → | COM | 1.07% | $1M | 5.3K |
| 12 | DFSUDIMENSIONAL ETF TRUST | US SUSTAINABILTY · WORLD EX US CORE | 1.00% | $1M | 34.1K |
| 13 | LLYELI LILLY & CO | COM | 0.89% | $990,266 | 1.2K |
| 14 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.76% | $848,933 | 1.6K |
| 15 | MSFTMICROSOFT CORP | COM | 0.58% | $641,230 | 1.7K |
| 16 | VEGNETF SER SOLUTIONS | US VEGAN CLIMATE | 0.50% | $557,004 | 11.2K |
| 17 | NDQINVESCO QQQ TR | UNIT SER 1 | 0.44% | $492,366 | 1.1K |
| 18 | SOSOUTHERN CO | COM | 0.44% | $488,714 | 5.3K |
| 19 | JPMJPMORGAN CHASE & CO. | COM | 0.43% | $482,014 | 2.0K |
| 20 | JNJJOHNSON & JOHNSON | COM | 0.34% | $382,261 | 2.3K |
| 21 | RJFRAYMOND JAMES FINL INC | COM | 0.30% | $337,875 | 2.4K |
| 22 | GOOGLALPHABET INC | CAP STK CL A | 0.30% | $328,301 | 2.1K |
| 23 | COSTCOSTCO WHSL CORP NEW | COM | 0.28% | $308,324 | 326 |
| 24 | DUKDUKE ENERGY CORP NEW | COM NEW | 0.27% | $303,583 | 2.5K |
| 25 | MCDMCDONALDS CORP | COM | 0.26% | $291,441 | 933 |
| 26 | VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 0.26% | $290,941 | 4.9K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $135M | 64 | Apr 20, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $133M | 63 | Jan 27, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $124M | 63 | Nov 6, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $113M | 61 | Jul 25, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $111M | 61 | Apr 22, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $110M | 58 | Jan 31, 2025 | 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 ↗.