Carbahal Olsen Financial Services Group

DAVIS, CAfiles as Carbahal Olsen Financial Services Group, LLC

$144m in 40 US stocks at the end of 30 June 2026. The top 10 are 89.8% of the money. It changed about 4.0% of the portfolio this quarter.

Value

$144m

Stocks

Top 10 share

89.8%

Turnover

4.0%

What changed this quarter

New

Bought for the first time this quarter.

First Northern Community BancorpFNRN
0.9% of the fund
Vanguard Index FDSVUG
0.2% of the fund
Vanguard Index FDSVTI
0.2% of the fund
Emerson ElectricEMR
0.1% of the fund
International Business MachinesIBM
0.1% of the fund

Added

Bought more of a stock they already held.

Ishares TRAGG
8.1% of the fund
+2%
Eli LillyLLY
0.4% of the fund
+3%

Cut

Sold some of their stake.

Ishares TRIVW
12.8% of the fund
-3%
AppleAAPL
3.1% of the fund
-7%
CaterpillarCAT
0.4% of the fund
-13%
Applied MaterialsAMAT
0.4% of the fund
-57%
Ishares TRIBB
0.4% of the fund
-4%
Ishares TRITOT
0.3% of the fund
-2%
NvidiaNVDA
0.3% of the fund
-18%

Sold out

Sold their entire stake.

AlphabetGOOG
-100%
WalmartWMT
-100%

Holdings

Ishares TRIVV
Share
25.2%
Value
$36m
Shares
48,420
Held
Invesco QQQ TRQQQ
Share
14.2%
Value
$20m
Shares
27,747
Held
Ishares TRIVW
Share
12.8%
Value
$18m
Shares
133,884
-3%
Ishares TRIEFA
Share
10.6%
Value
$15m
Shares
157,951
Held
Ishares TRAGG
Share
8.1%
Value
$12m
Shares
118,579
+2%
Fidelity Covington TrustFDVV
Share
5.5%
Value
$8m
Shares
130,417
Held
Ishares TRIVE
Share
4.8%
Value
$7m
Shares
30,742
Held
Ishares TRIWO
Share
4.0%
Value
$6m
Shares
14,625
Held
AppleAAPL
Share
3.1%
Value
$5m
Shares
15,656
-7%
Ishares TRDVY
Share
1.4%
Value
$2m
Shares
13,271
Held
First Northern Community BancorpFNRN
Share
0.9%
Value
$1m
Shares
68,288
New
Berkshire HathawayBRK-B
Share
0.8%
Value
$1m
Shares
2,384
Held
Ishares TRIWN
Share
0.8%
Value
$1m
Shares
5,242
Held
Seagate Technology HoldingsSTX
Share
0.7%
Value
$965,000
Shares
1,000
Held
EatonETN
Share
0.5%
Value
$676,252
Shares
1,587
Held
MicrosoftMSFT
Share
0.5%
Value
$662,484
Shares
1,776
Held
Eli LillyLLY
Share
0.4%
Value
$616,507
Shares
514
+3%
CaterpillarCAT
Share
0.4%
Value
$581,750
Shares
546
-13%
Applied MaterialsAMAT
Share
0.4%
Value
$579,096
Shares
800
-57%
Ishares TRIBB
Share
0.4%
Value
$568,621
Shares
2,989
-4%
Ishares TRIJR
Share
0.4%
Value
$559,214
Shares
3,770
Held
Johnson & JohnsonJNJ
Share
0.4%
Value
$547,305
Shares
2,155
Held
BrookfieldBN
Share
0.3%
Value
$487,357
Shares
11,443
Held
Ishares TRITOT
Share
0.3%
Value
$465,048
Shares
2,831
-2%
NvidiaNVDA
Share
0.3%
Value
$403,075
Shares
2,014
-18%
Gilead SciencesGILD
Share
0.3%
Value
$375,862
Shares
2,975
Held
AbbVieABBV
Share
0.2%
Value
$356,574
Shares
1,417
Held
SEI InvestmentsSEIC
Share
0.2%
Value
$350,840
Shares
4,000
Held
Procter & GamblePG
Share
0.2%
Value
$312,343
Shares
2,130
Held
Wells Fargo & CompanyWFC
Share
0.2%
Value
$302,462
Shares
3,660
Held
ChevronCVX
Share
0.2%
Value
$285,604
Shares
1,723
Held
OkloOKLO
Share
0.2%
Value
$261,650
Shares
5,000
Held
AT&TT
Share
0.2%
Value
$252,374
Shares
12,192
Held
Meta PlatformsMETA
Share
0.2%
Value
$241,088
Shares
428
Held
Vanguard Index FDSVUG
Share
0.2%
Value
$233,612
Shares
2,712
New
Invesco Exch Traded FD TR IIRWL
Share
0.2%
Value
$226,646
Shares
1,774
Held
Vanguard Index FDSVTI
Share
0.2%
Value
$223,874
Shares
605
New
Emerson ElectricEMR
Share
0.1%
Value
$214,582
Shares
1,499
New
Atmos EnergyATO
Share
0.1%
Value
$206,724
Shares
1,200
Held
International Business MachinesIBM
Share
0.1%
Value
$200,503
Shares
713
New

Company	Share of fund	Value	Shares	Change
Ishares TRIVV	25.2%	$36m	48,420	Held
Invesco QQQ TRQQQ	14.2%	$20m	27,747	Held
Ishares TRIVW	12.8%	$18m	133,884	-3%
Ishares TRIEFA	10.6%	$15m	157,951	Held
Ishares TRAGG	8.1%	$12m	118,579	+2%
Fidelity Covington TrustFDVV	5.5%	$8m	130,417	Held
Ishares TRIVE	4.8%	$7m	30,742	Held
Ishares TRIWO	4.0%	$6m	14,625	Held
AppleAAPL	3.1%	$5m	15,656	-7%
Ishares TRDVY	1.4%	$2m	13,271	Held
First Northern Community BancorpFNRN	0.9%	$1m	68,288	New
Berkshire HathawayBRK-B	0.8%	$1m	2,384	Held
Ishares TRIWN	0.8%	$1m	5,242	Held
Seagate Technology HoldingsSTX	0.7%	$965,000	1,000	Held
EatonETN	0.5%	$676,252	1,587	Held
MicrosoftMSFT	0.5%	$662,484	1,776	Held
Eli LillyLLY	0.4%	$616,507	514	+3%
CaterpillarCAT	0.4%	$581,750	546	-13%
Applied MaterialsAMAT	0.4%	$579,096	800	-57%
Ishares TRIBB	0.4%	$568,621	2,989	-4%
Ishares TRIJR	0.4%	$559,214	3,770	Held
Johnson & JohnsonJNJ	0.4%	$547,305	2,155	Held
BrookfieldBN	0.3%	$487,357	11,443	Held
Ishares TRITOT	0.3%	$465,048	2,831	-2%
NvidiaNVDA	0.3%	$403,075	2,014	-18%
Gilead SciencesGILD	0.3%	$375,862	2,975	Held
AbbVieABBV	0.2%	$356,574	1,417	Held
SEI InvestmentsSEIC	0.2%	$350,840	4,000	Held
Procter & GamblePG	0.2%	$312,343	2,130	Held
Wells Fargo & CompanyWFC	0.2%	$302,462	3,660	Held
ChevronCVX	0.2%	$285,604	1,723	Held
OkloOKLO	0.2%	$261,650	5,000	Held
AT&TT	0.2%	$252,374	12,192	Held
Meta PlatformsMETA	0.2%	$241,088	428	Held
Vanguard Index FDSVUG	0.2%	$233,612	2,712	New
Invesco Exch Traded FD TR IIRWL	0.2%	$226,646	1,774	Held
Vanguard Index FDSVTI	0.2%	$223,874	605	New
Emerson ElectricEMR	0.1%	$214,582	1,499	New
Atmos EnergyATO	0.1%	$206,724	1,200	Held
International Business MachinesIBM	0.1%	$200,503	713	New

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 22.8% since 30 June 2025.

Where the money is

Technology5.1%

Financial services2.1%

Health care1.3%

Industrials1.0%

Media & telecom0.3%

Real estate0.3%

Utilities0.3%

Everyday goods0.2%

Energy0.2%

Other89.0%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.