Managers / Q4 2025 · view latest →
Joel Adams & Associates, Inc.
CIK 0002020459 · 545 MERRIMON AVENUE, ASHEVILLE, NC, 28804 · (828) 251-9700
Summary
Joel Adams & Associates, Inc. reported $133M in U.S.-listed holdings across 63 positions for Q4 2025.
Its largest position, Vanguard Index Fds, represents 16.0% of the portfolio.
Compared with Q3 2025, the fund opened 3 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 · 93.7% · $125M
- Common Stock · 6.3% · $8M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ISHARES TR | NEW | +1.8K | 1.8K | +$253,333 | $253,333 |
| GOOGALPHABET INC | NEW | +680 | 680 | +$213,384 | $213,384 |
| NEENEXTERA ENERGY INC | NEW | +2.5K | 2.5K | +$203,911 | $203,911 |
| SPDR SERIES TRUST | ADDED | +2.1K | 3.7K | +$291,713 | $514,319 |
| PIMCO ETF TR | ADDED | +15.0K | 27.6K | +$2M | $3M |
| ACWIISHARES TR | SOLD OUT | −8.7K | 0 | −$1M | $0 |
| KMBKIMBERLY-CLARK CORP | SOLD OUT | −1.8K | 0 | −$218,714 | $0 |
| ISHARES TR | SOLD OUT | −12.0K | 0 | −$185,104 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ISHARES TR | CORE US AGGBD ET · ESG AWR US AGRGT · CORE MSCI EAFE · CORE S&P MCP ETF · NATIONAL MUN ETF · BROAD USD HIGH · CORE S&P SCP ETF · SHRT NAT MUN ETF · MSCI USA MMENTM · RUS 1000 GRW ETF · 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 | 38.67% | $51M | 685.8K |
| 2 | VANGUARD INDEX FDS | S&P 500 ETF SHS · MID CAP ETF · TOTAL STK MKT | 19.08% | $25M | 47.3K |
| 3 | VANGUARD WORLD FD | ESG INTL STK ETF · ESG US STK ETF · ESG US CORP BD | 8.91% | $12M | 159.8K |
| 4 | MORGAN STANLEY ETF TRUST | CALVERT US LARCP · CALVERT US MDCP | 6.39% | $9M | 106.9K |
| 5 | VANGUARD MUN BD FDS | TAX EXEMPT BD | 5.68% | $8M | 150.3K |
| 6 | VANGUARD STAR FDS | VG TL INTL STK F | 3.19% | $4M | 56.3K |
| 7 | PIMCO ETF TR | ENHAN SHRT MA AC | 2.08% | $3M | 27.6K |
| 8 | SPDR SERIES TRUST | STATE STREET SPD | 1.86% | $2M | 37.1K |
| 9 | ISHARES INC | CORE MSCI EMKT | 1.63% | $2M | 32.3K |
| 10 | DFSUDIMENSIONAL ETF TRUST | US SUSTAINABILTY · WORLD EX US CORE · INTERNATIONAL | 1.37% | $2M | 45.2K |
| 11 | VANGUARD BD INDEX FDS | TOTAL BND MRKT | 1.27% | $2M | 22.8K |
| 12 | AAPLAPPLE INChistory → | COM | 1.09% | $1M | 5.3K |
| 13 | ISHARES U S ETF TR | SHORT DURATION B | 1.01% | $1M | 26.2K |
| 14 | LLYELI LILLY & CO | COM | 0.92% | $1M | 1.1K |
| 15 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.56% | $740,403 | 1.5K |
| 16 | MSFTMICROSOFT CORP | COM | 0.54% | $712,939 | 1.5K |
| 17 | GOOGLALPHABET INC | CAP STK CL A | 0.50% | $664,499 | 2.1K |
| 18 | NDQINVESCO QQQ TR | UNIT SER 1 | 0.48% | $645,026 | 1.1K |
| 19 | VEGNETF SER SOLUTIONS | US VEGAN CLIMATE | 0.48% | $638,683 | 10.5K |
| 20 | JPMJPMORGAN CHASE & CO. | COM | 0.46% | $611,896 | 1.9K |
| 21 | JNJJOHNSON & JOHNSON | COM | 0.36% | $477,020 | 2.3K |
| 22 | VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 0.32% | $419,159 | 7.0K |
| 23 | ROSTROSS STORES INC | COM | 0.27% | $360,280 | 2.0K |
| 24 | SELECT SECTOR SPDR TR | STATE STREET TEC | 0.27% | $356,326 | 2.5K |
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 ↗.