Flagstone Financial Management Q2 2025 Filing

Filed July 29, 2025

Portfolio Value

$348.9B

Holdings

59

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (59 positions)

#StockSharesValue% PortfolioType
1
DFUSDIMENSIONAL ETF TRUST
1,466,921$98.3B28.18%
2
IGIBISHARES TR
706,836$37.7B10.80%
3
SPDWSPDR INDEX SHS FDS
658,015$26.6B7.64%
4
SPSBSPDR SERIES TRUST
772,023$23.3B6.68%
5
SPTISPDR SERIES TRUST
760,390$21.9B6.27%
6
BNDXVANGUARD CHARLOTTE FDS
395,760$19.6B5.62%
7
AVUVAMERICAN CENTY ETF TR
184,186$16.8B4.81%
8
DFEMDIMENSIONAL ETF TRUST
508,640$15.1B4.33%
9
AVUSAMERICAN CENTY ETF TR
131,134$13.2B3.79%
10
AVDVAMERICAN CENTY ETF TR
163,195$12.9B3.71%
11
VNQVANGUARD INDEX FDS
101,899$9.1B2.60%
12
AVEMAMERICAN CENTY ETF TR
102,917$7.1B2.02%
13
BRK/BBERKSHIRE HATHAWAY INC DEL
12,303$6.0B1.71%
14
MUNIPIMCO ETF TR
108,159$5.6B1.59%
15
AVDEAMERICAN CENTY ETF TR
55,825$4.1B1.18%
16
MSFTMICROSOFT CORP
5,459$2.7B0.78%
17
AAPLAPPLE INC
12,216$2.5B0.72%
18
SUSBISHARES TR
81,593$2.1B0.59%
19
MUBISHARES TR
18,608$1.9B0.56%
20
SPTMSPDR SERIES TRUST
25,076$1.9B0.54%
21
DFSUDIMENSIONAL ETF TRUST
28,675$1.1B0.32%
22
USBUS BANCORP DEL
24,634$1.1B0.32%
23
JPMJPMORGAN CHASE & CO.
3,781$1.1B0.31%
24
AVREAMERICAN CENTY ETF TR
24,437$1.1B0.31%
25
DFSVDIMENSIONAL ETF TRUST
32,265$949.6M0.27%
26
DFAEDIMENSIONAL ETF TRUST
31,663$916.6M0.26%
27
WFCWELLS FARGO CO NEW
11,245$900.9M0.26%
28
VIGVANGUARD SPECIALIZED FUNDS
4,108$840.7M0.24%
29
NVDANVIDIA CORPORATION
4,933$779.3M0.22%
30
BRK-BBERKSHIRE HATHAWAY INC DEL
1$728.8M0.21%
31
XOMEXXON MOBIL CORP
6,680$720.1M0.21%
32
IWRISHARES TR
7,823$719.5M0.21%
33
DFSBDIMENSIONAL ETF TRUST
12,470$653.8M0.19%
34
VTIVANGUARD INDEX FDS
2,065$627.6M0.18%
35
MAMASTERCARD INCORPORATED
1,085$609.7M0.17%
36
VGITVANGUARD SCOTTSDALE FDS
9,579$572.9M0.16%
37
DEDEERE & CO
1,097$557.9M0.16%
38
DFSIDIMENSIONAL ETF TRUST
13,073$515.2M0.15%
39
GOOGALPHABET INC
2,877$510.3M0.15%
40
MKLMARKEL GROUP INC
254$507.3M0.15%
41
DFARDIMENSIONAL ETF TRUST
21,166$496.5M0.14%
42
SPIBSPDR SERIES TRUST
11,531$387.2M0.11%
43
IWMISHARES TR
1,758$379.4M0.11%
44
DFIVDIMENSIONAL ETF TRUST
7,785$333.4M0.10%
45
DFSEDIMENSIONAL ETF TRUST
8,359$318.1M0.09%
46
AMZNAMAZON COM INC
1,269$278.4M0.08%
47
XLFSELECT SECTOR SPDR TR
5,227$273.7M0.08%
48
WMTWALMART INC
2,745$268.4M0.08%
49
UNPUNION PAC CORP
1,093$251.6M0.07%
50
BOCBOSTON OMAHA CORP
17,615$247.3M0.07%
51
IEIISHARES TR
2,042$243.2M0.07%
52
ETNEATON CORP PLC
664$237.0M0.07%
53
BACBANK AMERICA CORP
4,836$228.8M0.07%
54
DFATDIMENSIONAL ETF TRUST
4,113$221.9M0.06%
55
AQLTISHARES TR
2,611$218.0M0.06%
56
ROKROCKWELL AUTOMATION INC
631$209.6M0.06%
57
SPYSPDR S&P 500 ETF TR
337$208.5M0.06%
58
VEAVANGUARD TAX-MANAGED FDS
3,596$205.0M0.06%
59
NCNANUCANA PLC
12,500$718K0.00%