Kelman-Lazarov, Inc.
Net buyer this quarter
$763M
64
+$4.01M
10.6%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 BSVN | $21.5M | 2.82% | 2.90% | +3.5% | Q3 2016 |
 BRK.B | $16M | 2.10% | Not reported | -0.4% | Q3 2018 |
 QLTY | $15.9M | 2.08% | 1.36% | +0.1% | Q1 2024 |
 SMMU | $8.7M | 1.14% | Not reported | +7.0% | Q1 2023 |
 GOOGL | $4.79M | 0.63% | 0.00% | -0.8% | Q1 2016 |
 SPY | $4.42M | 0.58% | Not reported | -0.1% | Q1 2016 |
 AAPL | $3.95M | 0.52% | 0.00% | +4.5% | Q1 2016 |
| MDY | $2.12M | 0.28% | Not reported | -0.8% | Q1 2016 |
 MA | $2.02M | 0.26% | 0.00% | -2.8% | Q1 2016 |
| SPMD | $1.9M | 0.25% | Not reported | -0.2% | Q4 2022 |
| DIA | $1.57M | 0.21% | Not reported | +0.2% | Q1 2016 |
| GOOG | $1.52M | 0.20% | Not reported | +5.0% | Q1 2016 |
| BRK.A | $1.5M | 0.20% | Not reported | Not reported | Q1 2019 |
 WMT | $1.41M | 0.19% | 0.00% | -3.1% | Q1 2016 |
| SPAB | $1.34M | 0.18% | Not reported | +1.9% | Q1 2025 |
 QQQ | $1.33M | 0.17% | Not reported | -3.7% | Q3 2025 |
 NVDA | $1.17M | 0.15% | 0.00% | +10.4% | Q2 2024 |
 AMZN | $1.15M | 0.15% | 0.00% | +34.8% | Q1 2016 |
 MU | $1.07M | 0.14% | 0.00% | +8.8% | Q4 2025 |
 FDX | $979K | 0.13% | 0.00% | +0.3% | Q1 2016 |
 YUM | $937K | 0.12% | 0.00% | -0.8% | Q1 2016 |
 MSFT | $932K | 0.12% | 0.00% | -41.1% | Q1 2016 |
 JNJ | $897K | 0.12% | 0.00% | -3.7% | Q1 2016 |
 TSLA | $874K | 0.11% | 0.00% | +3.0% | Q1 2016 |
 NSC | $870K | 0.11% | 0.00% | +0.5% | Q1 2016 |
 FNDF | $850K | 0.11% | Not reported | 0.0% | Q2 2019 |
 PG | $818K | 0.11% | 0.00% | -5.7% | Q1 2016 |
 NFLX | $772K | 0.10% | 0.00% | -7.3% | Q1 2016 |
 AXP | $554K | 0.07% | 0.00% | -1.2% | Q1 2016 |
 AMD | $548K | 0.07% | 0.00% | New | Q2 2026 |
 AVGO | $508K | 0.07% | 0.00% | +9.3% | Q2 2025 |
 HD | $492K | 0.06% | 0.00% | +13.3% | Q1 2016 |
 JPM | $484K | 0.06% | 0.00% | +3.4% | Q1 2016 |
 MRK | $448K | 0.06% | 0.00% | -1.5% | Q1 2016 |
 AMGN | $433K | 0.06% | 0.00% | -3.5% | Q1 2016 |
 FDXF | $425K | 0.06% | 0.00% | +80.6% | Q2 2026 |
 PM | $423K | 0.06% | 0.00% | -20.5% | Q1 2016 |
 PEP | $411K | 0.05% | 0.00% | -5.1% | Q1 2016 |
 SUSA | $406K | 0.05% | Not reported | 0.0% | Q2 2021 |
 XOM | $350K | 0.05% | 0.00% | -0.1% | Q1 2016 |
 LLY | $350K | 0.05% | 0.00% | -0.7% | Q1 2026 |
 QCOM | $335K | 0.04% | 0.00% | -0.4% | Q1 2016 |
 DIS | $314K | 0.04% | 0.00% | -3.1% | Q1 2016 |
 COST | $311K | 0.04% | 0.00% | +6.1% | Q2 2016 |
 INTC | $293K | 0.04% | 0.00% | Not reported | Q1 2016 |
 FIX | $279K | 0.04% | 0.00% | New | Q2 2026 |
 UNH | $278K | 0.04% | 0.00% | Not reported | Q1 2016 |
 META | $266K | 0.03% | Not reported | +15.9% | Q1 2016 |
 TSCO | $260K | 0.03% | 0.00% | +9.3% | Q1 2016 |
 LOW | $260K | 0.03% | 0.00% | -2.6% | Q1 2016 |
| Q1 2026 | |||||
| BSVN | $20.9M | 3.00% | 2.81% | +0.3% | Q3 2016 |
| BRK.B | $15.4M | 2.21% | Not reported | -0.4% | Q3 2018 |
| QLTY | $13.8M | 1.97% | 1.35% | +4.0% | Q1 2024 |
| SMMU | $8.13M | 1.17% | Not reported | +16.6% | Q1 2023 |
| GOOGL | $3.89M | 0.56% | 0.00% | +1.7% | Q1 2016 |
| SPY | $3.85M | 0.55% | Not reported | -1.3% | Q1 2016 |
| AAPL | $3.31M | 0.47% | 0.00% | -0.3% | Q1 2016 |
| MA | $2.02M | 0.29% | 0.00% | -0.2% | Q1 2016 |
| MDY | $1.87M | 0.27% | Not reported | -1.7% | Q1 2016 |
| SPMD | $1.67M | 0.24% | Not reported | -4.3% | Q4 2022 |
| WMT | $1.6M | 0.23% | 0.00% | +4.7% | Q1 2016 |
| MSFT | $1.57M | 0.22% | 0.00% | -16.2% | Q1 2016 |
| BRK.A | $1.44M | 0.21% | Not reported | Not reported | Q1 2019 |
| DIA | $1.39M | 0.20% | Not reported | +7.7% | Q1 2016 |
| SPAB | $1.32M | 0.19% | Not reported | +8.6% | Q1 2025 |
| GOOG | $1.18M | 0.17% | Not reported | +5.9% | Q1 2016 |
| NFLX | $1.12M | 0.16% | 0.00% | +4.4% | Q1 2016 |
| FDX | $1.11M | 0.16% | 0.00% | -13.0% | Q1 2016 |
| QQQ | $1.08M | 0.16% | Not reported | +72.7% | Q3 2025 |
| NVDA | $921K | 0.13% | 0.00% | +21.9% | Q2 2024 |
| YUM | $918K | 0.13% | 0.00% | -4.7% | Q1 2016 |
| JNJ | $896K | 0.13% | 0.00% | +11.6% | Q1 2016 |
| PG | $855K | 0.12% | 0.00% | +4.3% | Q1 2016 |
| NSC | $790K | 0.11% | 0.00% | -2.7% | Q1 2016 |
| FNDF | $788K | 0.11% | Not reported | Not reported | Q2 2019 |
| TSLA | $751K | 0.11% | 0.00% | +4.3% | Q1 2016 |
| AMZN | $743K | 0.11% | 0.00% | +0.5% | Q1 2016 |
| AXP | $501K | 0.07% | 0.00% | -5.3% | Q1 2016 |
| PEP | $497K | 0.07% | 0.00% | -4.5% | Q1 2016 |
| PM | $486K | 0.07% | 0.00% | +1.4% | Q1 2016 |
| AMGN | $436K | 0.06% | 0.00% | +1.5% | Q1 2016 |
| XOM | $435K | 0.06% | 0.00% | +14.9% | Q1 2016 |
| MRK | $426K | 0.06% | 0.00% | -1.8% | Q1 2016 |
| JPM | $421K | 0.06% | 0.00% | +15.0% | Q1 2016 |
| HD | $405K | 0.06% | 0.00% | +6.7% | Q1 2016 |
| AVGO | $381K | 0.05% | 0.00% | -35.2% | Q2 2025 |
| SUSA | $347K | 0.05% | Not reported | -2.1% | Q2 2021 |
| TSCO | $341K | 0.05% | 0.00% | Not reported | Q1 2016 |
| DIS | $324K | 0.05% | 0.00% | -3.8% | Q1 2016 |
| COST | $312K | 0.04% | 0.00% | Not reported | Q2 2016 |
| MU | $286K | 0.04% | 0.00% | +14.8% | Q4 2025 |
| LOW | $286K | 0.04% | 0.00% | +0.3% | Q1 2016 |
| LLY | $270K | 0.04% | 0.00% | New | Q1 2026 |
 AZO | $250K | 0.04% | 0.00% | +2.8% | Q1 2016 |
 COP | $239K | 0.03% | 0.00% | Not reported | Q1 2016 |
| QCOM | $234K | 0.03% | 0.00% | -3.8% | Q1 2016 |
| META | $233K | 0.03% | Not reported | +20.4% | Q1 2016 |
 PCG | $227K | 0.03% | 0.00% | New | Q1 2026 |
 TJX | $218K | 0.03% | 0.00% | Not reported | Q1 2016 |
 ORCL | $217K | 0.03% | 0.00% | +10.3% | Q1 2016 |
| Q4 2025 | |||||
| BSVN | $21M | 3.00% | 2.82% | +4.7% | Q3 2016 |
| BRK.B | $16.2M | 2.32% | Not reported | +1.7% | Q3 2018 |
| QLTY | $14.1M | 2.01% | 1.30% | +0.5% | Q1 2024 |
| SMMU | $6.97M | 1.00% | Not reported | +2.5% | Q1 2023 |
| GOOGL | $4.16M | 0.59% | 0.00% | -0.2% | Q1 2016 |
| SPY | $4.09M | 0.58% | Not reported | -1.1% | Q1 2016 |
| AAPL | $3.56M | 0.51% | 0.00% | +9.2% | Q1 2016 |
| MSFT | $2.45M | 0.35% | 0.00% | +39.0% | Q1 2016 |
| MA | $2.31M | 0.33% | 0.00% | +0.3% | Q1 2016 |
| MDY | $1.86M | 0.27% | Not reported | -0.8% | Q1 2016 |
| SPMD | $1.7M | 0.24% | Not reported | +1.2% | Q4 2022 |
| BRK.A | $1.51M | 0.22% | Not reported | Not reported | Q1 2019 |
 SRCE | $1.46M | 0.21% | 0.10% | -0.1% | Q3 2025 |
| WMT | $1.37M | 0.20% | 0.00% | +1.9% | Q1 2016 |
| DIA | $1.33M | 0.19% | Not reported | +0.4% | Q1 2016 |
| SPAB | $1.22M | 0.17% | Not reported | +8.3% | Q1 2025 |
| GOOG | $1.22M | 0.17% | Not reported | +2.9% | Q1 2016 |
| NFLX | $1.05M | 0.15% | 0.00% | -3.9% | Q1 2016 |
| FDX | $1.03M | 0.15% | 0.00% | +2.3% | Q1 2016 |
| YUM | $938K | 0.13% | 0.00% | 0.0% | Q1 2016 |
| TSLA | $870K | 0.12% | 0.00% | -72.0% | Q1 2016 |
| AMZN | $819K | 0.12% | 0.00% | +7.9% | Q1 2016 |
| NSC | $817K | 0.12% | 0.00% | Not reported | Q1 2016 |
| PG | $814K | 0.12% | 0.00% | -2.6% | Q1 2016 |
| NVDA | $808K | 0.12% | 0.00% | +7.6% | Q2 2024 |
| FNDF | $728K | 0.10% | Not reported | -0.2% | Q2 2019 |
| JNJ | $680K | 0.10% | 0.00% | +1.0% | Q1 2016 |
| QQQ | $668K | 0.10% | Not reported | +40.8% | Q3 2025 |
| AVGO | $658K | 0.09% | 0.00% | +125.0% | Q2 2025 |
| AXP | $647K | 0.09% | 0.00% | -4.0% | Q1 2016 |
| PEP | $481K | 0.07% | 0.00% | -34.2% | Q1 2016 |
| PM | $465K | 0.07% | 0.00% | -2.9% | Q1 2016 |
| JPM | $401K | 0.06% | 0.00% | +0.9% | Q1 2016 |
| AMGN | $400K | 0.06% | 0.00% | +0.3% | Q1 2016 |
| DIS | $398K | 0.06% | 0.00% | +2.4% | Q1 2016 |
| HD | $397K | 0.06% | 0.00% | -1.5% | Q1 2016 |
| MRK | $380K | 0.05% | 0.00% | +1.4% | Q1 2016 |
| TSCO | $377K | 0.05% | 0.00% | Not reported | Q1 2016 |
| SUSA | $374K | 0.05% | Not reported | 0.0% | Q2 2021 |
| QCOM | $323K | 0.05% | 0.00% | +1.7% | Q1 2016 |
| UNH | $292K | 0.04% | 0.00% | +2.7% | Q1 2016 |
| LOW | $291K | 0.04% | 0.00% | -0.5% | Q1 2016 |
 ABBV | $283K | 0.04% | 0.00% | Not reported | Q2 2016 |
| XOM | $269K | 0.04% | 0.00% | +4.1% | Q1 2016 |
| ORCL | $261K | 0.04% | 0.00% | -4.2% | Q1 2016 |
| AZO | $244K | 0.03% | 0.00% | -7.7% | Q1 2016 |
| META | $224K | 0.03% | Not reported | +15.7% | Q1 2016 |
 MMM | $220K | 0.03% | 0.00% | +3.2% | Q1 2016 |
| MU | $211K | 0.03% | 0.00% | New | Q4 2025 |
 CGC | $11.4K | 0.00% | 0.00% | New | Q4 2025 |
| Q3 2025 | |||||
| BSVN | $20.1M | 2.98% | 2.69% | +4.7% | Q3 2016 |
| BRK.B | $15.9M | 2.36% | Not reported | +1.8% | Q3 2018 |
| QLTY | $13.2M | 1.95% | 1.30% | -1.3% | Q1 2024 |
| SMMU | $6.82M | 1.01% | Not reported | +12.9% | Q1 2023 |
| SPY | $4.04M | 0.60% | Not reported | +5.9% | Q1 2016 |
| GOOGL | $3.24M | 0.48% | 0.00% | +1.2% | Q1 2016 |
| TSLA | $3.07M | 0.46% | 0.00% | +1.4% | Q1 2016 |
| AAPL | $3.05M | 0.45% | 0.00% | +5.5% | Q1 2016 |
| MA | $2.29M | 0.34% | 0.00% | +0.2% | Q1 2016 |
| MSFT | $1.88M | 0.28% | 0.00% | +7.2% | Q1 2016 |
| MDY | $1.86M | 0.28% | Not reported | +1.9% | Q1 2016 |
| SPMD | $1.66M | 0.25% | Not reported | -1.3% | Q4 2022 |
| BRK.A | $1.51M | 0.22% | Not reported | Not reported | Q1 2019 |
| SRCE | $1.44M | 0.21% | 0.10% | New | Q3 2025 |
| NFLX | $1.39M | 0.21% | 0.00% | Not reported | Q1 2016 |
| DIA | $1.28M | 0.19% | Not reported | +13.3% | Q1 2016 |
| WMT | $1.24M | 0.18% | 0.00% | +5.4% | Q1 2016 |
| SPAB | $1.13M | 0.17% | Not reported | +57.5% | Q1 2025 |
| YUM | $942K | 0.14% | 0.00% | -19.8% | Q1 2016 |
| GOOG | $919K | 0.14% | Not reported | -1.0% | Q1 2016 |
| PG | $896K | 0.13% | 0.00% | +8.6% | Q1 2016 |
| NSC | $850K | 0.13% | 0.00% | -0.5% | Q1 2016 |
| FDX | $826K | 0.12% | 0.00% | +9.6% | Q1 2016 |
| NVDA | $752K | 0.11% | 0.00% | -23.8% | Q2 2024 |
| AMZN | $723K | 0.11% | 0.00% | +11.7% | Q1 2016 |
| PEP | $715K | 0.11% | 0.00% | +196.6% | Q1 2016 |
| FNDF | $693K | 0.10% | Not reported | -0.2% | Q2 2019 |
| AXP | $606K | 0.09% | 0.00% | +14.8% | Q1 2016 |
| JNJ | $603K | 0.09% | 0.00% | +12.5% | Q1 2016 |
| PM | $485K | 0.07% | 0.00% | -1.4% | Q1 2016 |
| HD | $475K | 0.07% | 0.00% | -2.3% | Q1 2016 |
| QQQ | $464K | 0.07% | Not reported | New | Q3 2025 |
| TSCO | $428K | 0.06% | 0.00% | Not reported | Q1 2016 |
| ORCL | $392K | 0.06% | 0.00% | +21.9% | Q1 2016 |
| DIS | $391K | 0.06% | 0.00% | -7.2% | Q1 2016 |
| JPM | $389K | 0.06% | 0.00% | -1.9% | Q1 2016 |
| SUSA | $364K | 0.05% | Not reported | -1.4% | Q2 2021 |
| AMGN | $343K | 0.05% | 0.00% | -0.5% | Q1 2016 |
| AZO | $335K | 0.05% | 0.00% | +27.9% | Q1 2016 |
| QCOM | $309K | 0.05% | 0.00% | +4.2% | Q1 2016 |
| LOW | $305K | 0.05% | 0.00% | +15.5% | Q1 2016 |
| MRK | $299K | 0.04% | 0.00% | +28.6% | Q1 2016 |
| UNH | $297K | 0.04% | 0.00% | -18.0% | Q1 2016 |
| AVGO | $279K | 0.04% | 0.00% | +11.8% | Q2 2025 |
| XOM | $242K | 0.04% | 0.00% | +2.7% | Q1 2016 |
| META | $215K | 0.03% | Not reported | Not reported | Q1 2016 |
| MMM | $207K | 0.03% | 0.00% | -2.2% | Q1 2016 |
 MKC | $201K | 0.03% | Not reported | +0.3% | Q1 2016 |