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Institutional Investment Manager
Zhang Financial LLC
Zhang Financial LLC (CIK: 0001776290) incorporated in Michigan, located at 5931 Oakland Dr., Portage, MI. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q3)
Portfolio Summary: 74 holdings with a total value of $182,157,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 ANNALY CAPITAL MANAGEMENT INC COM 12,060 127,000 0.07%
2 FORD MTR CO DEL 16,197 195,000 0.11%
3 UNITED STATES 19,954 218,000 0.12%
4 WELLS FARGO & CO NEW 5,003 222,000 0.12%
5 SPDR DOW JONES INDL AVRG ETF 1,248 228,000 0.13%
6 TESLA INC 1,144 233,000 0.13%
7 ISHARES TR 1,897 252,000 0.14%
8 3M CO 1,429 252,000 0.14%
9 AMAZON COM INC 304 255,000 0.14%
10 VANGUARD MALVERN FDS 5,313 264,000 0.14%
11 AMETEK 5,659 270,000 0.15%
12 GENERAL ELECTRIC CO 9,486 281,000 0.15%
13 VANGUARD CHARLOTTE FDS 5,067 284,000 0.16%
14 FULL HOUSE 160,000 286,000 0.16%
15 MONSANTO CO NEW 2,874 294,000 0.16%
16 MICROSOFT CORP 5,596 322,000 0.18%
17 PRAXAIR INC 2,703 327,000 0.18%
18 IPATH S&P GSCI TOTAL RETURN INDEX ETN 24,649 338,000 0.19%
19 ISHARES TR 2,190 339,000 0.19%
20 ISHARES TR 2,845 353,000 0.19%
21 SPDR GOLD TR 3,127 393,000 0.22%
22 MONDELEZ INTL INC 9,012 396,000 0.22%
23 ISHARES S&P GSCI COMMODITY I 28,275 419,000 0.23%
24 GENERAL MLS INC 6,597 421,000 0.23%
25 XENIA HOTELS & RESORTS INC COM 27,825 422,000 0.23%
26 INVESCO LTD 14,149 442,000 0.24%
27 CONOCOPHILLIPS 10,183 443,000 0.24%
28 AT&T INC 11,271 458,000 0.25%
29 ISHARES TR 2,673 466,000 0.26%
30 CATERPILLAR INC 5,281 469,000 0.26%
31 KRAFT HEINZ CO 5,370 481,000 0.26%
32 PEPSICO INC 4,491 488,000 0.27%
33 DOW CHEM CO 9,960 516,000 0.28%
34 ISHARES TR 7,527 578,000 0.32%
35 STEELCASE INC 44,376 616,000 0.34%
36 JOHNSON & JOHNSON 5,220 617,000 0.34%
37 ISHARES TR 3,156 687,000 0.38%
38 VANGUARD INDEX FDS 5,424 702,000 0.39%
39 EATON CORP PLC 10,780 708,000 0.39%
40 APPLE INC 6,824 771,000 0.42%
41 KIMBERLY CLARK CORP 6,552 827,000 0.45%
42 VANGUARD STAR FDS 18,109 855,000 0.47%
43 VANGUARD INDEX FDS 11,314 981,000 0.54%
44 EXXON MOBIL CORP 11,332 989,000 0.54%
45 VANGUARD BD INDEX FDS 12,380 1,042,000 0.57%
46 ALTRIA GROUP INC 16,711 1,057,000 0.58%
47 CHEVRON CORP NEW 10,433 1,073,000 0.59%
48 PHILIP MORRIS INTL INC 11,093 1,078,000 0.59%
49 ISHARES TR 8,709 1,087,000 0.60%
50 PFIZER INC 33,794 1,145,000 0.63%
Page 1 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001776290-19-000016, filed 2019.05.28).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.