Managers / Q3 2025 · view latest →
Joel Adams & Associates, Inc.
CIK 0002020459 · 545 MERRIMON AVENUE, ASHEVILLE, NC, 28804 · (828) 251-9700
Summary
Joel Adams & Associates, Inc. reported $124M in U.S.-listed holdings across 63 positions for Q3 2025.
Its largest position, Vanguard Index Fds, represents 16.0% of the portfolio.
Compared with Q2 2025, the fund opened 5 new positions and exited 3.
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 · 93.9% · $116M
- Common Stock · 6.1% · $8M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| MORGAN STANLEY ETF TRUST | NEW | +54.0K | 54.0K | +$4M | $4M |
| MORGAN STANLEY ETF TRUST | NEW | +22.9K | 22.9K | +$1M | $1M |
| ACWIISHARES TR | NEW | +8.7K | 8.7K | +$1M | $1M |
| ISHARES TR | NEW | +3.0K | 3.0K | +$315,085 | $315,085 |
| ISHARES TR | NEW | +12.2K | 12.2K | +$282,536 | $282,536 |
| ISHARES TR | SOLD OUT | −5.4K | 0 | −$225,920 | $0 |
| PGPROCTER AND GAMBLE CO | SOLD OUT | −1.4K | 0 | −$221,967 | $0 |
| ABALLIANCEBERNSTEIN HLDG L P | SOLD OUT | −5.0K | 0 | −$204,150 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ACWIISHARES TR | CORE US AGGBD ET · ESG AWR US AGRGT · CORE MSCI EAFE · CORE S&P MCP ETF · NATIONAL MUN ETF · CORE S&P SCP ETF · BROAD USD HIGH · MSCI ACWI ETF · SHRT NAT MUN ETF · RUS 1000 GRW ETF · MSCI USA MMENTM · RUS 1000 VAL ETF · CORE S&P500 ETF · MSCI ACWI EX US · MSCI USA MIN VOL · 7-10 YR TRSY BD · ESG AWRE 1 5 YR · ESG SELECT SCRE | 40.14% | $50M | 652.1K |
| 2 | VANGUARD INDEX FDS | S&P 500 ETF SHS · MID CAP ETF · TOTAL STK MKT | 19.12% | $24M | 45.2K |
| 3 | VANGUARD WORLD FD | ESG INTL STK ETF · ESG US STK ETF · ESG US CORP BD | 8.90% | $11M | 153.1K |
| 4 | VANGUARD MUN BD FDS | TAX EXEMPT BD | 6.93% | $9M | 171.5K |
| 5 | MORGAN STANLEY ETF TRUST | CALVERT US LARCP · CALVERT US MDCP | 4.74% | $6M | 76.9K |
| 6 | VANGUARD STAR FDS | VG TL INTL STK F | 3.02% | $4M | 51.0K |
| 7 | ISHARES INC | CORE MSCI EMKT | 1.70% | $2M | 32.0K |
| 8 | SPDR SERIES TRUST | BLOOMBERG 1-3 MO · PORTFOLIO S&P500 · NUVEEN ICE HIGH | 1.54% | $2M | 32.6K |
| 9 | DFSUDIMENSIONAL ETF TRUST | US SUSTAINABILTY · WORLD EX US CORE · INTERNATIONAL | 1.39% | $2M | 44.4K |
| 10 | VANGUARD BD INDEX FDS | TOTAL BND MRKT | 1.37% | $2M | 22.8K |
| 11 | AAPLAPPLE INChistory → | COM | 1.10% | $1M | 5.3K |
| 12 | ISHARES U S ETF TR | SHORT DURATION B | 1.05% | $1M | 25.3K |
| 13 | PIMCO ETF TR | ENHAN SHRT MA AC | 1.02% | $1M | 12.6K |
| 14 | LLYELI LILLY & CO | COM | 0.72% | $891,184 | 1.2K |
| 15 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.64% | $791,313 | 1.6K |
| 16 | MSFTMICROSOFT CORP | COM | 0.62% | $763,547 | 1.5K |
| 17 | NDQINVESCO QQQ TR | UNIT SER 1 | 0.51% | $630,388 | 1.1K |
| 18 | VEGNETF SER SOLUTIONS | US VEGAN CLIMATE | 0.50% | $624,529 | 10.5K |
| 19 | JPMJPMORGAN CHASE & CO. | COM | 0.48% | $599,002 | 1.9K |
| 20 | GOOGLALPHABET INC | CAP STK CL A | 0.42% | $516,101 | 2.1K |
| 21 | JNJJOHNSON & JOHNSON | COM | 0.34% | $427,393 | 2.3K |
| 22 | VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 0.33% | $408,331 | 6.8K |
| 23 | NUSHARES ETF TR | NUVEEN ESG MIDVL | 0.30% | $374,747 | 9.7K |
| 24 | SELECT SECTOR SPDR TR | TECHNOLOGY | 0.29% | $359,372 | 1.3K |
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 ↗.