Portfolio Overview (Image Credits: Pixabay)
Williams Financial LLC, a registered investment adviser based in North Bennington, Vermont, filed its latest Form 13F with the U.S. Securities and Exchange Commission on April 24, 2026. The report covers holdings as of March 31, 2026, and discloses a total portfolio value of $171.79 million across 25 positions. Mostly slight reductions marked the quarter, signaling a measured approach to position sizing amid broader market dynamics.[1][2]
Portfolio Overview
The firm’s assets under management dipped marginally by 0.61% from the prior quarter’s $172.84 million. Exchange-traded funds constituted the bulk of the portfolio, reflecting a preference for broad-market exposure and income-generating strategies. Individual equities appeared in smaller allocations, primarily in well-established names.
This structure underscores a conservative tilt, with heavy weighting toward large-cap indices, fixed-income proxies, and dividend-focused vehicles. All positions fell under sole voting and investment discretion, with no shared management noted in the filing.[1]
Dominance of ETFs in Top Holdings
J.P. Morgan Exchange-Traded Fund Trust’s Income ETF led the pack at $48.42 million, representing about 28% of the portfolio after a minor trim of 2,635 shares. iShares Core S&P 500 ETF followed at $21.47 million, down just 56 shares. PIMCO’s Enhanced Short Maturity Active Exchange-Traded Fund held $15.86 million.
Schwab Strategic Trust’s Fundamental U.S. Large Company Index ETF came in at $14.8 million, while Vanguard’s Total International Stock Index Fund ETF rounded out the top five with $14.29 million. Other notable ETF stakes included WisdomTree’s U.S. Quarterly Dividend Growth ETF at $12.24 million and several Schwab funds targeting international, TIPS, REITs, and emerging markets.[1]
- J.P. Morgan Income ETF (CUSIP: 46641Q159): 1,051,067 shares, $48.42 million
- iShares Core S&P 500 ETF (CUSIP: 464287200): 32,865 shares, $21.47 million
- PIMCO Enhanced Short Maturity (CUSIP: 72201R833): 157,657 shares, $15.86 million
- Schwab Fundamental U.S. Large (CUSIP: 808524771): 531,596 shares, $14.8 million
- Vanguard All-World ex-US (CUSIP: 922042775): 190,265 shares, $14.29 million
Equity Positions and Smaller Allocations
Stocks made up a modest slice, starting with Apple Inc. at $1.89 million for 7,429 shares. Exxon Mobil Corp. followed with $997,000 across 5,874 shares, and CVS Health Corp. held steady at $504,000 for 7,020 shares. Microsoft Corp. ($320,000), Toronto-Dominion Bank ($294,000), IBM ($228,000), Amazon.com ($223,000), and Sysco Corp. ($211,000) completed the equity lineup.
These names suggest a focus on blue-chip stability and dividend payers within the firm’s broader ETF-centric framework. No major overhauls appeared in these holdings, with changes limited to small share adjustments.[1]
Notable Adjustments and Fresh Addition
Nearly every position saw reductions, often under 2% of shares. For instance, Schwab Fundamental U.S. Large dropped 10,168 shares (1.88%), and Vanguard All-World ex-US shed 2,859 shares (1.48%). Apple experienced a more pronounced cut of 463 shares (5.87%). Exxon Mobil and Microsoft bucked the trend with tiny increases of 8 and 7 shares, respectively.
The sole new entrant was iShares Core U.S. Aggregate Bond ETF at $208,000 for 2,097 shares, hinting at a modest shift toward fixed-income amid potential rate considerations. Such tweaks indicate fine-tuning rather than strategic pivots, consistent with the firm’s profile as a smaller adviser managing around $172 million.[1]
Overall, the filing paints a picture of stability. Williams Financial LLC’s emphasis on low-cost ETFs positions it to capture market returns with reduced volatility, even as it nibbles at bonds and maintains core equities. Investors tracking institutional moves will watch for follow-through in the next quarter’s report.