Elser Financial Planning

INDIANAPOLIS, INfiles as Elser Financial Planning, Inc

$2.3bn in 124 US stocks at the end of 30 June 2026. The top 10 are 86.8% of the money. It changed about 1.9% of the portfolio this quarter.

Value

$2.3bn

Stocks

124

Top 10 share

86.8%

Turnover

1.9%

What changed this quarter

New

Bought for the first time this quarter.

American Centy ETF TRAVIG
<0.1% of the fund
AmetekAME
<0.1% of the fund
EatonETN
<0.1% of the fund
VisaV
<0.1% of the fund
Vanguard Index FDSVO
<0.1% of the fund
Quanta ServicesPWR
<0.1% of the fund
BlockXYZ
<0.1% of the fund
Vanguard Whitehall FDSVYMI
<0.1% of the fund
Vanguard Star FDSVXUS
<0.1% of the fund
Spdr Series TrustSPSB
<0.1% of the fund

Added

Bought more of a stock they already held.

Dimensional ETF TrustDFCF
8.1% of the fund
+5%
Dimensional ETF TrustDFGX
1.8% of the fund
+10%
Dimensional ETF TrustDFSD
1.7% of the fund
+3%
Dimensional ETF TrustDUHP
1.1% of the fund
+5%
Dimensional ETF TrustDFSU
0.5% of the fund
+7%
Dimensional ETF TrustDFSI
0.5% of the fund
+3%
Vanguard Index FDSVOO
0.4% of the fund
+36%
Dimensional ETF TrustDFLV
0.3% of the fund
+9%
Vanguard MUN BD FDSVTEB
0.2% of the fund
+18%
Vanguard Index FDSVB
0.1% of the fund
+23%
Vanguard MUN BD FDSVTEI
<0.1% of the fund
+184%
Micron TechnologyMU
<0.1% of the fund
+2%
Spdr Series TrustSPYG
<0.1% of the fund
+6%
Vanguard Tax-Managed FDSVEA
<0.1% of the fund
+3%
Ishares TRPFF
<0.1% of the fund
+94%
AbbVieABBV
<0.1% of the fund
+3%
Vanguard Index FDSVTI
<0.1% of the fund
+9%
Cisco SystemsCSCO
<0.1% of the fund
+3%
Vanguard Wellington FDVTES
<0.1% of the fund
+42%
Ishares TRIVV
<0.1% of the fund
+7%
Taiwan Semiconductor ManufacturingTSM
<0.1% of the fund
+2%
UnitedHealth GroupUNH
<0.1% of the fund
+18%
Vanguard Intl Equity Index FVWO
<0.1% of the fund
+12%
Dimensional World EquityDFAW
<0.1% of the fund
+2%
TeslaTSLA
<0.1% of the fund
+6%

Cut

Sold some of their stake.

Dimensional ETF TrustDFAS
1.9% of the fund
-3%
Dimensional ETF TrustDFAT
1.1% of the fund
-3%
Eli LillyLLY
1.0% of the fund
-26%
Dimensional ETF TrustDFGR
0.4% of the fund
-3%
AppleAAPL
0.3% of the fund
-7%
Ishares TRSUSB
0.3% of the fund
-5%
Schwab Strategic TRSCHA
0.2% of the fund
-2%
JPMorgan ChaseJPM
0.1% of the fund
-9%
Vanguard Scottsdale FDSVCSH
0.1% of the fund
-6%
Costco WholesaleCOST
<0.1% of the fund
-6%
MicrosoftMSFT
<0.1% of the fund
-14%
AutonationAN
<0.1% of the fund
-18%
AlphabetGOOGL
<0.1% of the fund
-5%
Union PacificUNP
<0.1% of the fund
-46%
CaterpillarCAT
<0.1% of the fund
-38%
Apollo Global ManagementAPO
<0.1% of the fund
-3%
Procter & GamblePG
<0.1% of the fund
-7%
Schwab Strategic TRSCHE
<0.1% of the fund
-2%
ExxonMobil HoldingsXOM
<0.1% of the fund
-5%
ChevronCVX
<0.1% of the fund
-46%
Vanguard Calif TAX Free FDSVTEC
<0.1% of the fund
-17%
AllegionALLE
<0.1% of the fund
-37%
Schwab Strategic TRSCHH
<0.1% of the fund
-5%
Meta PlatformsMETA
<0.1% of the fund
-48%
WalmartWMT
<0.1% of the fund
-53%

Sold out

Sold their entire stake.

Coca-ColaKO
-100%
Forian
-100%
Wheaton Precious MetalsWPM
-100%
Trane TechnologiesTT
-100%
AT&TT
-100%
GE VernovaGEV
-100%
ShellSHEL
-100%
KrogerKR
-100%
Spdr Series TrustSPIB
-100%
Bank of AmericaBAC
-100%
Elevance HealthELV
-100%
PfizerPFE
-100%
Abbott LaboratoriesABT
-100%
CortevaCTVA
-100%
Liberty BroadbandLBRDK
-100%
Charter CommunicationsCHTR
-100%
HSBC HoldingsHSBC
-100%
State STR Spdr S&P 500 ETF TSPY
-100%

Holdings

Merchants BancorpMBIN
Share
58.1%
Value
$1.3bn
Shares
26,808,625
Held
Dimensional ETF TrustDFCF
Share
8.1%
Value
$186m
Shares
4,417,313
+5%
Dimensional ETF TrustDFAU
Share
4.5%
Value
$103m
Shares
1,989,838
Held
Dimensional ETF TrustDFIC
Share
3.6%
Value
$82m
Shares
2,207,216
Held
Dimensional ETF TrustDFUS
Share
3.3%
Value
$75m
Shares
920,864
Held
Dimensional ETF TrustDFUV
Share
2.1%
Value
$49m
Shares
882,671
Held
Dimensional ETF TrustDFAS
Share
1.9%
Value
$44m
Shares
539,346
-3%
Dimensional ETF TrustDFEM
Share
1.8%
Value
$42m
Shares
1,038,515
Held
Dimensional ETF TrustDFGX
Share
1.8%
Value
$42m
Shares
779,026
+10%
Dimensional ETF TrustDFSD
Share
1.7%
Value
$38m
Shares
798,092
+3%
Dimensional ETF TrustDFSV
Share
1.6%
Value
$36m
Shares
923,575
Held
Dimensional ETF TrustDFAT
Share
1.1%
Value
$25m
Shares
358,376
-3%
Dimensional ETF TrustDUHP
Share
1.1%
Value
$25m
Shares
589,420
+5%
Eli LillyLLY
Share
1.0%
Value
$23m
Shares
19,007
-26%
Dimensional ETF TrustDFAX
Share
0.8%
Value
$19m
Shares
513,837
Held
Dimensional ETF TrustDFSU
Share
0.5%
Value
$11m
Shares
242,897
+7%
Dimensional ETF TrustDFSI
Share
0.5%
Value
$11m
Shares
239,760
+3%
Dimensional ETF TrustDFGR
Share
0.4%
Value
$10m
Shares
353,220
-3%
Vanguard Index FDSVOO
Share
0.4%
Value
$10m
Shares
13,974
+36%
Dimensional ETF TrustDCOR
Share
0.4%
Value
$8m
Shares
101,762
Held
AppleAAPL
Share
0.3%
Value
$7m
Shares
25,735
-7%
Dimensional ETF TrustDFLV
Share
0.3%
Value
$7m
Shares
174,653
+9%
Dimensional ETF TrustDFAE
Share
0.3%
Value
$7m
Shares
167,131
Held
Dimensional ETF TrustDFAI
Share
0.3%
Value
$7m
Shares
162,277
Held
Ishares TRSUSB
Share
0.3%
Value
$6m
Shares
258,666
-5%
Dimensional ETF TrustDFSE
Share
0.3%
Value
$6m
Shares
126,249
Held
Vanguard MUN BD FDSVTEB
Share
0.2%
Value
$5m
Shares
106,255
+18%
Schwab Strategic TRSCHX
Share
0.2%
Value
$4m
Shares
134,087
Held
Schwab Strategic TRSCHA
Share
0.2%
Value
$3m
Shares
96,489
-2%
Schwab Strategic TRSCHB
Share
0.1%
Value
$3m
Shares
104,795
Held
Vanguard Index FDSVB
Share
0.1%
Value
$3m
Shares
9,849
+23%
Schwab Strategic TRSCHF
Share
0.1%
Value
$2m
Shares
89,813
Held
JPMorgan ChaseJPM
Share
0.1%
Value
$2m
Shares
7,205
-9%
Vanguard Scottsdale FDSVCSH
Share
0.1%
Value
$2m
Shares
29,497
-6%
Vanguard BD Index FDSVUSB
Share
<0.1%
Value
$2m
Shares
43,641
Held
Johnson & JohnsonJNJ
Share
<0.1%
Value
$2m
Shares
8,544
Held
NvidiaNVDA
Share
<0.1%
Value
$2m
Shares
10,764
Held
Costco WholesaleCOST
Share
<0.1%
Value
$2m
Shares
2,268
-6%
Vanguard MUN BD FDSVTEI
Share
<0.1%
Value
$2m
Shares
19,952
+184%
First TR Exchange-Traded FDQTEC
Share
<0.1%
Value
$2m
Shares
5,783
Held
MicrosoftMSFT
Share
<0.1%
Value
$2m
Shares
5,109
-14%
Brown & BrownBRO
Share
<0.1%
Value
$2m
Shares
29,501
Held
AutonationAN
Share
<0.1%
Value
$2m
Shares
6,732
-18%
AlphabetGOOGL
Share
<0.1%
Value
$2m
Shares
4,310
-5%
First TR Exchange-Traded FDFXL
Share
<0.1%
Value
$1m
Shares
6,786
Held
Novartis AGNVS
Share
<0.1%
Value
$1m
Shares
8,978
Held
Micron TechnologyMU
Share
<0.1%
Value
$1m
Shares
1,023
+2%
Schwab Strategic TRSCHG
Share
<0.1%
Value
$1m
Shares
32,277
Held
Spdr Series TrustSPYG
Share
<0.1%
Value
$1m
Shares
1,462
+6%
Vanguard Tax-Managed FDSVEA
Share
<0.1%
Value
$1m
Shares
15,288
+3%
Dimensional ETF TrustDFAC
Share
<0.1%
Value
$1m
Shares
23,764
Held
Union PacificUNP
Share
<0.1%
Value
$1m
Shares
3,721
-46%
IntelINTC
Share
<0.1%
Value
$879,181
Shares
6,297
Held
Vanguard Specialized FundsVIG
Share
<0.1%
Value
$864,136
Shares
3,652
Held
CaterpillarCAT
Share
<0.1%
Value
$849,790
Shares
798
-38%
Apollo Global ManagementAPO
Share
<0.1%
Value
$836,991
Shares
4,747
-3%
Ishares TRPFF
Share
<0.1%
Value
$778,654
Shares
25,538
+94%
Dimensional ETF TrustDFIV
Share
<0.1%
Value
$773,837
Shares
14,325
Held
Vanguard Index FDSVTV
Share
<0.1%
Value
$762,101
Shares
3,497
Held
Norfolk SouthernNSC
Share
<0.1%
Value
$742,118
Shares
2,359
Held
AbbVieABBV
Share
<0.1%
Value
$678,434
Shares
2,696
+3%
OracleORCL
Share
<0.1%
Value
$669,880
Shares
4,571
Held
Vanguard World FDVGT
Share
<0.1%
Value
$658,794
Shares
5,512
Held
Procter & GamblePG
Share
<0.1%
Value
$657,071
Shares
4,481
-7%
Schwab Strategic TRSCHE
Share
<0.1%
Value
$630,527
Shares
17,389
-2%
Select Sector Spdr TRXLE
Share
<0.1%
Value
$608,959
Shares
11,466
Held
Vanguard Index FDSVTI
Share
<0.1%
Value
$601,728
Shares
1,626
+9%
Cisco SystemsCSCO
Share
<0.1%
Value
$598,049
Shares
5,092
+3%
Bitwise 10 Crypto Index ETFBITW
Share
<0.1%
Value
$596,056
Shares
15,861
Held
IsharesEMXC
Share
<0.1%
Value
$592,931
Shares
5,796
Held
Vanguard Wellington FDVTES
Share
<0.1%
Value
$569,160
Shares
5,618
+42%
First TR Exchange-Traded FDFXD
Share
<0.1%
Value
$553,334
Shares
8,000
Held
Ishares TRIVV
Share
<0.1%
Value
$548,936
Shares
733
+7%
CSXCSX
Share
<0.1%
Value
$544,741
Shares
11,461
Held
American Centy ETF TRAVIG
Share
<0.1%
Value
$536,881
Shares
12,965
New
Taiwan Semiconductor ManufacturingTSM
Share
<0.1%
Value
$516,253
Shares
1,081
+2%
Invesco QQQ TRQQQ
Share
<0.1%
Value
$497,933
Shares
676
Held
PepsiCoPEP
Share
<0.1%
Value
$457,652
Shares
3,380
Held
ExxonMobil HoldingsXOM
Share
<0.1%
Value
$435,260
Shares
3,184
-5%
Colgate-PalmoliveCL
Share
<0.1%
Value
$419,803
Shares
4,579
Held
UnitedHealth GroupUNH
Share
<0.1%
Value
$415,630
Shares
1,000
+18%
Vanguard Intl Equity Index FVWO
Share
<0.1%
Value
$410,940
Shares
6,885
+12%
Texas InstrumentsTXN
Share
<0.1%
Value
$408,952
Shares
1,372
Held
Lowe's CompaniesLOW
Share
<0.1%
Value
$401,292
Shares
1,820
Held
Ryder SystemR
Share
<0.1%
Value
$399,875
Shares
1,516
Held
ChevronCVX
Share
<0.1%
Value
$392,101
Shares
2,365
-46%
Dimensional World EquityDFAW
Share
<0.1%
Value
$391,160
Shares
4,725
+2%
StrykerSYK
Share
<0.1%
Value
$389,142
Shares
1,236
Held
Spdr Gold TRGLD
Share
<0.1%
Value
$384,220
Shares
1,043
Held
Vanguard Calif TAX Free FDSVTEC
Share
<0.1%
Value
$378,457
Shares
3,762
-17%
AllegionALLE
Share
<0.1%
Value
$365,873
Shares
1,538
-37%
NextEra EnergyNEE
Share
<0.1%
Value
$353,011
Shares
4,022
Held
Dimensional ETF TrustDUSB
Share
<0.1%
Value
$352,870
Shares
6,949
Held
Vanguard Intl Equity Index FVEU
Share
<0.1%
Value
$343,036
Shares
4,096
Held
AmetekAME
Share
<0.1%
Value
$341,575
Shares
588
New
Schwab Strategic TRSCHH
Share
<0.1%
Value
$338,995
Shares
14,316
-5%
TeslaTSLA
Share
<0.1%
Value
$329,757
Shares
784
+6%
Ishares TREFA
Share
<0.1%
Value
$328,572
Shares
3,163
Held
QualcommQCOM
Share
<0.1%
Value
$321,535
Shares
1,740
+7%
Marriott InternationalMAR
Share
<0.1%
Value
$317,225
Shares
856
Held

Company	Share of fund	Value	Shares	Change
Merchants BancorpMBIN	58.1%	$1.3bn	26,808,625	Held
Dimensional ETF TrustDFCF	8.1%	$186m	4,417,313	+5%
Dimensional ETF TrustDFAU	4.5%	$103m	1,989,838	Held
Dimensional ETF TrustDFIC	3.6%	$82m	2,207,216	Held
Dimensional ETF TrustDFUS	3.3%	$75m	920,864	Held
Dimensional ETF TrustDFUV	2.1%	$49m	882,671	Held
Dimensional ETF TrustDFAS	1.9%	$44m	539,346	-3%
Dimensional ETF TrustDFEM	1.8%	$42m	1,038,515	Held
Dimensional ETF TrustDFGX	1.8%	$42m	779,026	+10%
Dimensional ETF TrustDFSD	1.7%	$38m	798,092	+3%
Dimensional ETF TrustDFSV	1.6%	$36m	923,575	Held
Dimensional ETF TrustDFAT	1.1%	$25m	358,376	-3%
Dimensional ETF TrustDUHP	1.1%	$25m	589,420	+5%
Eli LillyLLY	1.0%	$23m	19,007	-26%
Dimensional ETF TrustDFAX	0.8%	$19m	513,837	Held
Dimensional ETF TrustDFSU	0.5%	$11m	242,897	+7%
Dimensional ETF TrustDFSI	0.5%	$11m	239,760	+3%
Dimensional ETF TrustDFGR	0.4%	$10m	353,220	-3%
Vanguard Index FDSVOO	0.4%	$10m	13,974	+36%
Dimensional ETF TrustDCOR	0.4%	$8m	101,762	Held
AppleAAPL	0.3%	$7m	25,735	-7%
Dimensional ETF TrustDFLV	0.3%	$7m	174,653	+9%
Dimensional ETF TrustDFAE	0.3%	$7m	167,131	Held
Dimensional ETF TrustDFAI	0.3%	$7m	162,277	Held
Ishares TRSUSB	0.3%	$6m	258,666	-5%
Dimensional ETF TrustDFSE	0.3%	$6m	126,249	Held
Vanguard MUN BD FDSVTEB	0.2%	$5m	106,255	+18%
Schwab Strategic TRSCHX	0.2%	$4m	134,087	Held
Schwab Strategic TRSCHA	0.2%	$3m	96,489	-2%
Schwab Strategic TRSCHB	0.1%	$3m	104,795	Held
Vanguard Index FDSVB	0.1%	$3m	9,849	+23%
Schwab Strategic TRSCHF	0.1%	$2m	89,813	Held
JPMorgan ChaseJPM	0.1%	$2m	7,205	-9%
Vanguard Scottsdale FDSVCSH	0.1%	$2m	29,497	-6%
Vanguard BD Index FDSVUSB	<0.1%	$2m	43,641	Held
Johnson & JohnsonJNJ	<0.1%	$2m	8,544	Held
NvidiaNVDA	<0.1%	$2m	10,764	Held
Costco WholesaleCOST	<0.1%	$2m	2,268	-6%
Vanguard MUN BD FDSVTEI	<0.1%	$2m	19,952	+184%
First TR Exchange-Traded FDQTEC	<0.1%	$2m	5,783	Held
MicrosoftMSFT	<0.1%	$2m	5,109	-14%
Brown & BrownBRO	<0.1%	$2m	29,501	Held
AutonationAN	<0.1%	$2m	6,732	-18%
AlphabetGOOGL	<0.1%	$2m	4,310	-5%
First TR Exchange-Traded FDFXL	<0.1%	$1m	6,786	Held
Novartis AGNVS	<0.1%	$1m	8,978	Held
Micron TechnologyMU	<0.1%	$1m	1,023	+2%
Schwab Strategic TRSCHG	<0.1%	$1m	32,277	Held
Spdr Series TrustSPYG	<0.1%	$1m	1,462	+6%
Vanguard Tax-Managed FDSVEA	<0.1%	$1m	15,288	+3%
Dimensional ETF TrustDFAC	<0.1%	$1m	23,764	Held
Union PacificUNP	<0.1%	$1m	3,721	-46%
IntelINTC	<0.1%	$879,181	6,297	Held
Vanguard Specialized FundsVIG	<0.1%	$864,136	3,652	Held
CaterpillarCAT	<0.1%	$849,790	798	-38%
Apollo Global ManagementAPO	<0.1%	$836,991	4,747	-3%
Ishares TRPFF	<0.1%	$778,654	25,538	+94%
Dimensional ETF TrustDFIV	<0.1%	$773,837	14,325	Held
Vanguard Index FDSVTV	<0.1%	$762,101	3,497	Held
Norfolk SouthernNSC	<0.1%	$742,118	2,359	Held
AbbVieABBV	<0.1%	$678,434	2,696	+3%
OracleORCL	<0.1%	$669,880	4,571	Held
Vanguard World FDVGT	<0.1%	$658,794	5,512	Held
Procter & GamblePG	<0.1%	$657,071	4,481	-7%
Schwab Strategic TRSCHE	<0.1%	$630,527	17,389	-2%
Select Sector Spdr TRXLE	<0.1%	$608,959	11,466	Held
Vanguard Index FDSVTI	<0.1%	$601,728	1,626	+9%
Cisco SystemsCSCO	<0.1%	$598,049	5,092	+3%
Bitwise 10 Crypto Index ETFBITW	<0.1%	$596,056	15,861	Held
IsharesEMXC	<0.1%	$592,931	5,796	Held
Vanguard Wellington FDVTES	<0.1%	$569,160	5,618	+42%
First TR Exchange-Traded FDFXD	<0.1%	$553,334	8,000	Held
Ishares TRIVV	<0.1%	$548,936	733	+7%
CSXCSX	<0.1%	$544,741	11,461	Held
American Centy ETF TRAVIG	<0.1%	$536,881	12,965	New
Taiwan Semiconductor ManufacturingTSM	<0.1%	$516,253	1,081	+2%
Invesco QQQ TRQQQ	<0.1%	$497,933	676	Held
PepsiCoPEP	<0.1%	$457,652	3,380	Held
ExxonMobil HoldingsXOM	<0.1%	$435,260	3,184	-5%
Colgate-PalmoliveCL	<0.1%	$419,803	4,579	Held
UnitedHealth GroupUNH	<0.1%	$415,630	1,000	+18%
Vanguard Intl Equity Index FVWO	<0.1%	$410,940	6,885	+12%
Texas InstrumentsTXN	<0.1%	$408,952	1,372	Held
Lowe's CompaniesLOW	<0.1%	$401,292	1,820	Held
Ryder SystemR	<0.1%	$399,875	1,516	Held
ChevronCVX	<0.1%	$392,101	2,365	-46%
Dimensional World EquityDFAW	<0.1%	$391,160	4,725	+2%
StrykerSYK	<0.1%	$389,142	1,236	Held
Spdr Gold TRGLD	<0.1%	$384,220	1,043	Held
Vanguard Calif TAX Free FDSVTEC	<0.1%	$378,457	3,762	-17%
AllegionALLE	<0.1%	$365,873	1,538	-37%
NextEra EnergyNEE	<0.1%	$353,011	4,022	Held
Dimensional ETF TrustDUSB	<0.1%	$352,870	6,949	Held
Vanguard Intl Equity Index FVEU	<0.1%	$343,036	4,096	Held
AmetekAME	<0.1%	$341,575	588	New
Schwab Strategic TRSCHH	<0.1%	$338,995	14,316	-5%
TeslaTSLA	<0.1%	$329,757	784	+6%
Ishares TREFA	<0.1%	$328,572	3,163	Held
QualcommQCOM	<0.1%	$321,535	1,740	+7%
Marriott InternationalMAR	<0.1%	$317,225	856	Held

Showing the largest 100 of 124.

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 2776.8% since 30 June 2025.

Where the money is

Financial services58.4%

Health care1.2%

Technology0.7%

Industrials0.2%

Everyday goods0.2%

Retail & consumer0.1%

Media & telecom0.1%

Energy0.0%

Utilities0.0%

Real estate0.0%

Other39.0%

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.