Salvus Wealth Management, LLC
Reported holdings as of Q3 2026, from 24 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | BRKB | $7.9M | 15,945 | -0.01pp | 24q | -1.5%-$123.5K | |
| ALPHABET INC | GOOG | $6.8M | 19,818 | -0.10pp | 24q | -0.7%-$50.4K | |
| APPLE INC | AAPL | $6.7M | 20,187 | +0.58pp | 24q | +0.6%+$41.0K | |
| CHARLES SCHWAB CORP (THE) | SCHW | $6.5M | 66,215 | +0.20pp | 24q | -2.0%-$135.1K | |
| NVIDIA CORPORATION | NVDA | $5.8M | 25,468 | +0.49pp | 24q | +0.9%+$53.9K | |
| MICROSOFT CORP | MSFT | $4.9M | 9,552 | +0.90pp | 24q | +5.4%+$250.8K | |
| PROGRESSIVE CORP | PGR | $4.6M | 22,182 | -0.16pp | 24q | -2.3%-$106.6K | |
| SOMNIGROUP INTERNATIONAL INC | SGI | $4.6M | 73,425 | +0.15pp | 24q | +31.5%+$1.1M | |
| AST SPACEMOBILE INC | ASTS | $4.2M | 70,662 | -1.13pp | 21q | HELD | |
| ARISTA NETWORKS INC | ANET | $3.7M | 18,370 | +0.34pp | 7q | -2.2%-$85.9K | |
| BOOKING HOLDINGS INC | BKNG | $3.6M | 22,398 | -0.20pp | 24q | -2.1%-$78.8K | |
| APPLIED MATLS INC | AMAT | $3.5M | 6,838 | -1.17pp | 21q | -12.5%-$500.1K | |
| SEAGATE TECHNOLOGY HLDNGS PL | STX | $3.5M | 3,780 | +0.03pp | 12q | +4.6%+$152.2K | |
| THOR INDS INC | THO | $3.4M | 49,861 | -0.16pp | 24q | -1.1%-$38.4K | |
| AMERICAN EXPRESS CO | AXP | $3.4M | 11,314 | -0.22pp | 24q | -1.7%-$57.8K | |
| BROOKFIELD CORP | BN | $2.5M | 68,853 | -0.21pp | 15q | HELD | |
| ARMSTRONG WORLD INDS INC NEW | AWI | $2.4M | 14,861 | +0.01pp | 24q | -1.8%-$45.3K | |
| FLOOR & DECOR HLDGS INC | FND | $2.4M | 51,787 | -0.40pp | 18q | -1.6%-$38.0K | |
| HOULIHAN LOKEY INC | HLI | $2.3M | 18,476 | - | new | NEW | |
| GOLDMAN SACHS ETF TR | GBIL | $2.3M | 22,970 | -0.14pp | 15q | -10.9%-$281.1K | |
| MARKEL GROUP INC | MKL | $2.3M | 1,329 | -0.15pp | 24q | HELD | |
| ASBURY AUTOMOTIVE GROUP INC | ABG | $2.3M | 13,160 | -0.20pp | 10q | -0.8%-$17.7K | |
| JOHNSON & JOHNSON | JNJ | $2.2M | 8,490 | +0.15pp | 24q | +7.0%+$146.4K | |
| INSTALLED BLDG PRODS INC | IBP | $2.2M | 11,285 | -0.22pp | 7q | HELD | |
| ELI LILLY & CO | LLY | $2.2M | 1,868 | -0.04pp | 22q | -1.3%-$28.9K | |
| NVR INC | NVR | $2.0M | 322 | -0.10pp | 24q | HELD | |
| NORFOLK SOUTHN CORP | NSC | $1.9M | 6,181 | +0.05pp | 24q | +4.7%+$85.0K | |
| INTEL CORP | INTC | $1.9M | 15,581 | -0.19pp | 7q | -3.3%-$63.8K | |
| AMAZON COM INC | AMZN | $1.9M | 7,474 | +0.10pp | 24q | +3.6%+$65.5K | |
| LAUDER ESTEE COS INC | EL | $1.9M | 20,027 | -0.21pp | 24q | -30.1%-$800.4K | |
| CHEVRON CORPORATION | CVX | $1.8M | 8,788 | +0.25pp | 24q | +5.6%+$94.5K | |
| KINSALE CAP GROUP INC | KNSL | $1.8M | 5,529 | -0.01pp | 3q | -0.6%-$10.3K | |
| SUNBELT RENTALS HOLDINGS INC | SUNB | $1.8M | 24,297 | flat | 2q | HELD | |
| BLACKROCK INC | BLK | $1.8M | 1,675 | +0.15pp | 7q | +4.8%+$80.4K | |
| MOELIS & CO | MC | $1.7M | 28,928 | -0.14pp | 24q | -2.6%-$43.8K | |
| ANALOG DEVICES INC | ADI | $1.6M | 4,120 | +0.01pp | 24q | -0.8%-$13.1K | |
| O'REILLY AUTOMOTIVE INC | ORLY | $1.6M | 18,675 | -0.05pp | 24q | HELD | |
| MICRON TECHNOLOGY INC | MU | $1.5M | 1,391 | +0.20pp | 4q | +39.1%+$416.5K | |
| VERIZON COMMUNICATIONS INC | VZ | $1.5M | 31,922 | +0.13pp | 24q | +7.8%+$106.6K | |
| CORNING INC | GLW | $1.4M | 9,302 | -0.51pp | 7q | HELD | |
| AIR PRODUCTS AND CHEMICALS I | APD | $1.4M | 5,105 | -0.04pp | 24q | -0.8%-$11.1K | |
| AMERICAN TOWER CORP | AMT | $1.4M | 8,398 | +0.07pp | 24q | +8.4%+$106.7K | |
| AON PLC | AON | $1.4M | 4,951 | -0.14pp | 24q | HELD | |
| FRANCO NEV CORP | FNV | $1.3M | 5,470 | +0.10pp | 13q | HELD | |
| CINCINNATI FINL CORP | CINF | $1.2M | 7,764 | -0.03pp | 24q | +9.1%+$103.6K | |
| PHILIP MORRIS INTL INC | PM | $1.2M | 6,366 | +0.04pp | 24q | -1.3%-$16.6K | |
| ALTRIA GROUP INC | MO | $1.2M | 17,880 | +0.02pp | 24q | +8.7%+$96.4K | |
| LOEWS CORP | L | $1.2M | 11,148 | -0.05pp | 24q | -1.0%-$11.5K | |
| META PLATFORMS INC | META | $1.1M | 1,568 | +0.27pp | 15q | +30.7%+$266.9K | |
| BROADCOM INC | AVGO | $1.1M | 3,232 | -0.01pp | 5q | +3.6%+$39.3K | |
| TEXAS INSTRS INC | TXN | $1.1M | 4,047 | -0.03pp | 24q | HELD | |
| UNILEVER PLC | UL | $1.1M | 18,427 | +0.02pp | 4q | HELD | |
| Dominion Energy, Inc. | D | $1.1M | 18,175 | -0.08pp | 24q | -1.0%-$11.3K | |
| CISCO SYS INC | CSCO | $968.6K | 9,000 | -0.19pp | 24q | -19.9%-$240.8K | |
| VISA INC | V | $946.8K | 2,635 | +0.03pp | 22q | -1.5%-$14.7K | |
| MEDTRONIC PLC | MDT | $922.2K | 10,687 | +0.06pp | 24q | HELD | |
| SERVICENOW INC | NOW | $912.6K | 6,810 | +0.12pp | 22q | -5.7%-$55.3K | |
| PAYCHEX INC | PAYX | $880.5K | 8,939 | +0.06pp | 24q | +10.6%+$84.2K | |
| CUMMINS INC | CMI | $868.4K | 1,681 | -0.19pp | 4q | -1.3%-$11.4K | |
| MERCK & CO INC | MRK | $836.6K | 5,757 | +0.11pp | 24q | +14.3%+$104.6K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $833.9K | 1,828 | +0.14pp | 6q | +47.2%+$267.3K | |
| STARBUCKS CORP | SBUX | $821.6K | 8,744 | -0.15pp | 24q | -18.9%-$191.4K | |
| UNITEDHEALTH GROUP INC | UNH | $776.5K | 2,115 | -0.08pp | 4q | -5.2%-$43.0K | |
| DISNEY WALT CO | DIS | $772.3K | 7,362 | +0.05pp | 24q | HELD | |
| REPUBLIC SVCS INC | RSG | $768.3K | 3,661 | flat | 2q | -1.2%-$9.0K | |
| MASTERCARD INCORPORATED | MA | $757.2K | 1,373 | +0.01pp | 22q | -5.8%-$46.3K | |
| FASTENAL CO | FAST | $749.8K | 15,139 | +0.01pp | 24q | -1.3%-$9.5K | |
| COCA COLA CO | KO | $715.9K | 8,317 | +0.08pp | 24q | +15.7%+$97.0K | |
| EOG RES INC | EOG | $714.8K | 5,189 | +0.03pp | 21q | HELD | |
| CARMAX INC | KMX | $678.7K | 12,315 | +0.02pp | 24q | HELD | |
| GENERAL DYNAMICS CORP | GD | $678.3K | 2,044 | +0.04pp | 16q | +15.9%+$93.2K | |
| PROCTER & GAMBLE CO | PG | $674.3K | 4,642 | +0.06pp | 4q | +17.8%+$101.7K | |
| ORACLE CORP | ORCL | $650.7K | 4,739 | -0.04pp | 9q | -5.9%-$40.5K | |
| M & T BK CORP | MTB | $635.4K | 2,920 | +0.03pp | 9q | +17.7%+$95.7K | |
| LOWES COS INC | LOW | $610.2K | 3,311 | -0.07pp | 24q | -1.1%-$6.8K | |
| ENTERPRISE PRODS PARTNERS L | EPD | $607.9K | 17,070 | flat | 24q | HELD | |
| RAYONIER INC | RYN | $603.7K | 32,880 | -0.05pp | 2q | HELD | |
| SHOPIFY INC | SHOP | $577.6K | 3,895 | -0.05pp | 10q | -33.9%-$296.2K | |
| ALPHABET INC | GOOGL | $575.6K | 1,673 | flat | 10q | +1.4%+$7.9K | |
| NORTHROP GRUMMAN CORP | NOC | $565.2K | 1,169 | -0.01pp | 13q | -0.8%-$4.4K | |
| HASBRO INC | HAS | $565.1K | 6,445 | +0.08pp | 6q | +21.7%+$100.7K | |
| DELL TECHNOLOGIES INC | DELL | $562.2K | 1,045 | +0.07pp | 2q | HELD | |
| AT&T INC | T | $555.9K | 22,784 | +0.11pp | 9q | +26.1%+$114.9K | |
| HUBBELL INC | HUBB | $555.7K | 1,225 | -0.04pp | 4q | HELD | |
| TE CONNECTIVITY PLC | TEL | $553.5K | 2,622 | +0.01pp | 8q | -1.7%-$9.3K | |
| INVESCO QQQ TR | QQQ | $531.5K | 719 | +0.09pp | 9q | +40.4%+$153.0K | |
| DUKE ENERGY CORP NEW | DUK | $520.8K | 4,568 | +0.04pp | 9q | +23.8%+$100.0K | |
| IDEX CORP | IEX | $513.6K | 2,253 | +0.01pp | 5q | HELD | |
| AGNICO EAGLE MINES LTD | AEM | $511.3K | 2,790 | +0.04pp | 24q | -3.3%-$17.2K | |
| SPDR SERIES TRUST | BIL | $485.4K | 5,297 | +0.06pp | 17q | +26.3%+$101.2K | |
| CHUBB LIMITED | CB | $476.5K | 1,465 | -0.01pp | 6q | -0.9%-$4.6K | |
| RESTAURANT BRANDS INTL INC | QSR | $475.2K | 6,686 | flat | 3q | -0.7%-$3.5K | |
| NEXTERA ENERGY INC | NEE | $466.3K | 6,157 | -0.04pp | 2q | HELD | |
| STATE STR SPDR S&P 500 ETF T | SPY | $464.8K | 610 | -0.01pp | 6q | -5.7%-$28.2K | |
| EMERSON ELEC CO | EMR | $462.8K | 2,984 | +0.01pp | 6q | -3.9%-$18.6K | |
| ARTISAN PARTNERS ASSET MGMT | APAM | $449.9K | 12,454 | +0.07pp | 7q | +29.1%+$101.3K | |
| HONEYWELL AEROSPACE INC | HONA | $444.5K | 2,868 | - | new | NEW | |
| CDW CORP | CDW | $435.1K | 3,395 | -0.02pp | 23q | HELD | |
| ISHARES TR | IWF | $420.0K | 3,353 | +0.08pp | 5q | +45.5%+$131.4K | |
| BROOKFIELD ASSET MANAGMT LTD | BAM | $406.2K | 9,112 | flat | 15q | HELD | |
| VANGUARD INDEX FDS | VOO | $391.1K | 558 | - | new | NEW | |
| ENERGY TRANSFER L P | ET | $369.3K | 18,680 | +0.01pp | 21q | HELD | |
| GE AEROSPACE | GE | $369.1K | 1,182 | -0.03pp | 2q | +1.5%+$5.6K | |
| CROWDSTRIKE HLDGS INC | CRWD | $360.1K | 1,360 | +0.06pp | 2q | HELD | |
| AIRBNB INC | ABNB | $352.1K | 2,192 | +0.01pp | 21q | -5.9%-$22.0K | |
| TRAVELERS COMPANIES INC | TRV | $351.2K | 985 | -0.12pp | 13q | -43.1%-$265.6K | |
| LAM RESEARCH CORP | LRCX | $339.0K | 1,032 | -0.07pp | 3q | -5.8%-$20.7K | |
| COSTAR GROUP INC | CSGP | $313.0K | 11,422 | -0.01pp | 6q | -6.0%-$19.9K | |
| IDEXX LABS INC | IDXX | $307.6K | 589 | -0.01pp | 6q | -6.1%-$19.8K | |
| FERROVIAL NV | FER | $292.0K | 5,398 | - | new | NEW | |
| COGENT COMM HOLDINGS INC | CCOI | $272.3K | 34,955 | -0.12pp | 15q | HELD | |
| STARBOARD INVT TR | AGOX | $266.3K | 7,982 | - | new | NEW | |
| PALANTIR TECHNOLOGIES INC | PLTR | $257.5K | 1,377 | - | new | NEW | |
| INTUITIVE SURGICAL INC | ISRG | $255.4K | 628 | flat | 4q | -5.4%-$14.6K | |
| ISHARES TR | HDV | $250.9K | 8,975 | +0.01pp | 9q | HELD | |
| ALPHABET INC | GOOGN | $242.4K | 4,998 | - | new | NEW | |
| ALPHABET INC | GOOGM | $240.8K | 4,907 | - | new | NEW | |
| GE VERNOVA INC | GEV | $230.0K | 242 | -0.03pp | 2q | -3.2%-$7.6K | |
| ASML HLDG NV | ASML | $226.5K | 125 | - | new | NEW | |
| JPMORGAN CHASE & CO | JPM | $225.0K | 680 | flat | 4q | HELD | |
| RH | RH | $220.1K | 1,808 | -0.04pp | 24q | HELD | |
| L3HARRIS TECHNOLOGIES INC | LHX | $219.3K | 926 | -0.03pp | 6q | HELD | |
| SCHWAB STRATEGIC TR | SCHD | $207.8K | 6,387 | - | new | NEW | |
| UNIFIED SER TR | ABEQ | $204.4K | 5,506 | - | new | NEW | |
| WALMART INC | WMT | $201.8K | 1,942 | -0.01pp | 4q | HELD | |
| LAKELAND INDS INC | LAKE | $132.2K | 13,385 | -0.01pp | 4q | -3.0%-$4.1K | |
| BORR DRILLING LTD | BORR | $120.3K | 30,935 | flat | 8q | HELD | |
| FLUENT INC COM NEW | FLNT | $94.1K | 30,008 | -0.01pp | 10q | HELD | |
| LIBERTY DEFENSE HLDGS F | DETX | $44.7K | 21,290 | - | new | NEW | |
| LOOP INDS INC | LOOP | $32.5K | 78,710 | -0.02pp | 5q | HELD | |
| ROCKY MTN CHOCOLATE FACTORY | RMCF | $19.1K | 23,567 | flat | 12q | HELD | |
| REDCLOUD HLDGS PLC | RCT | $2.5K | 13,010 | flat | 6q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Insurance | $22.0M | 12.5% |
| Semiconductors & Electronics | $19.0M | 10.8% |
| Software & IT Services | $16.6M | 9.5% |
| Computer Hardware | $15.5M | 8.8% |
| Capital Markets | $13.1M | 7.5% |
| Retail & Consumer | $12.3M | 7.0% |
| Construction & Building | $9.0M | 5.1% |
| Chemicals | $7.5M | 4.3% |
| Telecom & Media | $7.2M | 4.1% |
| Transport & Logistics | $5.6M | 3.2% |
| Biotech & Pharma | $5.6M | 3.2% |
| Autos & Aerospace | $5.4M | 3.1% |
| Other sectors | $31.6M | 18.0% |
| Not classified | $5.1M | 2.9% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | -4.0% | +2.1% | -6.2% | 100% |
| Q2 2026 | +11.4% | +14.8% | -3.4% | 100% |
| Q1 2026 | -4.6% | -4.6% | +0.0% | 100% |
| Q4 2025 | +0.7% | +2.4% | -1.6% | 100% |
| Q3 2025 | +6.5% | +7.8% | -1.3% | 100% |
| Q2 2025 | +7.7% | +10.5% | -2.8% | 100% |
| Q1 2025 | -2.4% | -4.6% | +2.2% | 100% |
| Q4 2024 | -0.4% | +2.1% | -2.5% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $175.4M | 132 | 12 | 33 | 50 | 5 | 31.7% | 13 |
| Q2 2026 | $178.5M | 125 | 8 | 30 | 72 | 9 | 32.3% | 10 |
| Q1 2026 | $172.0M | 126 | 6 | 61 | 36 | 16 | 32.4% | 10 |
| Q4 2025 | $178.8M | 136 | 12 | 92 | 18 | 9 | 33.7% | 12 |
| Q3 2025 | $179.0M | 133 | 11 | 42 | 52 | 4 | 32.1% | 14 |
| Q2 2025 | $171.3M | 126 | 10 | 30 | 67 | 5 | 32.9% | 14 |
| Q1 2025 | $159.5M | 121 | 10 | 67 | 17 | 7 | 34.8% | 10 |
| Q4 2024 | $156.8M | 118 | 8 | 37 | 43 | 5 | 36.5% | 15 |
| Q3 2024 | $162.9M | 115 | 9 | 54 | 13 | 4 | 34.7% | 7 |
| Q2 2024 | $145.7M | 110 | 7 | 29 | 55 | 3 | 36.8% | 17 |
| Q1 2024 | $146.4M | 106 | 0 | 23 | 37 | 2 | 36.8% | 12 |
| Q4 2023 | $140.6M | 108 | 6 | 31 | 59 | 1 | 36.5% | 9 |
| Q3 2023 | $126.3M | 103 | 7 | 65 | 9 | 6 | 36.6% | 11 |
| Q2 2023 | $130.0M | 102 | 2 | 64 | 22 | 4 | 37.2% | 14 |
| Q1 2023 | $123.6M | 104 | 13 | 59 | 12 | 4 | 38.1% | 11 |
| Q4 2022 | $109.0M | 95 | 6 | 33 | 37 | 9 | 38.3% | 19 |
| Q3 2022 | $105.0M | 98 | 3 | 47 | 8 | 3 | 37.9% | 12 |
| Q2 2022 | $111.7M | 98 | 7 | 28 | 37 | 6 | 41.5% | 11 |
| Q1 2022 | $130.9M | 97 | 3 | 65 | 22 | 8 | 41.8% | 11 |
| Q4 2021 | $136.8M | 102 | 4 | 70 | 18 | 4 | 41.7% | 19 |
| Q3 2021 | $122.5M | 102 | 9 | 65 | 10 | 2 | 41.3% | 5 |
| Q2 2021 | $118.6M | 95 | 14 | 49 | 27 | 3 | 42.7% | 9 |
| Q1 2021 | $107.1M | 84 | 4 | 54 | 22 | 1 | 45.0% | 9 |
| Q4 2020 | $92.5M | 81 | 0 | 0 | 0 | 0 | 44.3% | 15 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.