Marotta Asset Management

CHARLOTTESVILLE, VA · CIK 1802091 · 13F filing filed 2025-07-02

SEC-registered investment adviser since 2004 · corporation

Assets managed$686.0m
Staff16 · 12 in investment roles
Main clients (by assets)High net worth individuals 89%, Individuals 8%, Pension plans 3%
Websiteemarotta.com
Form ADV · 2026-10-01SEC adviser record

$498.6m reported value -2.1% vs Q1 2025

105positions

50.2%in top 10

8 new 21 added 71 reduced 14 sold out vs Q1 2025

Holdings, Q2 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VANGUARD INDEX FDS MCAP VL IDXVIP VOE	VOE	220,403	$36.2m7.27%	7.27%	Reduced -16.6k	-16,574 -7.0%
2	VANGUARD WORLD FD INF TECH ETF VGT	VGT	50,684	$33.6m6.74%	6.74%	Reduced -6.3k	-6,337 -11.1%
3	VANGUARD MALVERN FDS STRM INFPROIDX VTIP	VTIP	626,240	$31.5m6.31%	6.31%	Reduced -20.8k	-20,804 -3.2%
4	COLUMBIA ETF TR II EM CORE EX ETF XCEM	XCEM	876,654	$30.0m6.01%	6.01%	Added +8.6k	+8,550 1.0%
5	VANGUARD CHARLOTTE FDS TOTAL INT BD ETF BNDX	BNDX	574,702	$28.5m5.71%	5.71%	Reduced -18.5k	-18,504 -3.1%
6	VANGUARD INDEX FDS SM CP VAL ETF VBR	VBR	133,063	$25.9m5.20%	5.20%	Reduced -3.9k	-3,944 -2.9%
7	VANGUARD WORLD FD HEALTH CAR ETF VHT	VHT	66,959	$16.6m3.33%	3.33%	Added +1.2k	+1,156 1.8%
8	VANGUARD WORLD FD CONSUM STP ETF VDC	VDC	74,189	$16.2m3.26%	3.26%	Reduced -21.4k	-21,419 -22.4%
9	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	324,674	$16.1m3.22%	3.22%	Reduced -9.4k	-9,382 -2.8%
10	VANGUARD WHITEHALL FDS EM MK GOV BD ETF VWOB	VWOB	242,492	$15.8m3.18%	3.18%	Reduced -7.8k	-7,836 -3.1%
11	SCHWAB STRATEGIC TR SHT TM US TRES SCHO	SCHO	573,096	$14.0m2.80%	2.80%	Added +285.8k	+285,808 99.5%
12	SCHWAB STRATEGIC TR US TIPS ETF SCHP	SCHP	463,154	$12.4m2.48%	2.48%	Added +218.0k	+217,987 88.9%
13	ISHARES TR MSCI IRELAND ETF EIRL	EIRL	154,455	$10.4m2.08%	2.08%	Added +13.5k	+13,523 9.6%
14	ISHARES TR MSCI FINLAND ETF EFNL	EFNL	243,016	$9.9m1.99%	1.99%	Reduced -17.8k	-17,782 -6.8%
15	ISHARES TR MSCI DENMARK ETF EDEN	EDEN	87,085	$9.9m1.99%	1.99%	Added +10.1k	+10,149 13.2%
16	ISHARES INC MSCI NETHERL ETF EWN	EWN	178,406	$9.7m1.95%	1.95%	Added +12.7k	+12,680 7.7%
17	FRANKLIN TEMPLETON ETF TR FRANKLN SWZLND FLSW	FLSW	240,718	$9.1m1.83%	1.83%	Reduced -2.3k	-2,273 -0.9%
18	ISHARES INC MSCI AUSTRIA ETF EWO	EWO	302,523	$8.9m1.78%	1.78%	Reduced -58.3k	-58,275 -16.1%
19	SPDR SER TR MSCI USA STRTGIC QUS	QUS	53,889	$8.8m1.76%	1.76%	Reduced -4.4k	-4,427 -7.6%
20	ISHARES INC MSCI SWEDEN ETF EWD	EWD	185,702	$8.5m1.70%	1.70%	Reduced -30.0k	-30,019 -13.9%
21	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	14,174	$8.1m1.61%	1.61%	Reduced -248	-248 -1.7%
22	FIDELITY COVINGTON TRUST MSCI INFO TECH I FTEC	FTEC	39,403	$7.8m1.56%	1.56%	Added +22.0k	+21,974 126.1%
23	FIDELITY COVINGTON TRUST MSCI HLTH CARE I FHLC	FHLC	116,482	$7.4m1.49%	1.49%	Added +76.3k	+76,298 189.9%
24	ISHARES TR NEW ZEALAND ETF ENZL	ENZL	163,102	$7.4m1.49%	1.49%	Reduced -13.2k	-13,188 -7.5%
25	FRANKLIN TEMPLETON ETF TR FTSE GERMANY FLGR	FLGR	195,255	$6.5m1.31%	1.31%	Reduced -36.8k	-36,768 -15.8%
26	SCHWAB STRATEGIC TR US AGGREGATE B SCHZ	SCHZ	278,954	$6.5m1.30%	1.30%	Added +134.6k	+134,588 93.2%
27	SPDR SER TR S&P BIOTECH XBI	XBI	74,706	$6.2m1.24%	1.24%	Added +12.8k	+12,776 20.6%
28	FIDELITY COVINGTON TRUST CONSMR STAPLES FSTA	FSTA	102,599	$5.2m1.05%	1.05%	Added +12.2k	+12,204 13.5%
29	SCHWAB STRATEGIC TR EMRG MKTEQ ETF SCHE	SCHE	155,361	$4.7m0.94%	0.94%	Reduced -51.4k	-51,372 -24.9%
30	VANGUARD SCOTTSDALE FDS SHORT TERM TREAS VGSH	VGSH	78,121	$4.6m0.92%	0.92%	Reduced -7.1k	-7,131 -8.4%
31	FIDELITY COVINGTON TRUST MSCI RL EST ETF FREL	FREL	167,493	$4.5m0.91%	0.91%	Added +26.0k	+26,008 18.4%
32	VANGUARD INTL EQUITY INDEX F GLB EX US ETF VNQI	VNQI	95,995	$4.4m0.89%	0.89%	Added +1.7k	+1,745 1.9%
33	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	49,402	$4.4m0.88%	0.88%	Reduced -4.8k	-4,846 -8.9%
34	SPDR SER TR S&P 400 MDCP VAL MDYV	MDYV	53,613	$4.3m0.85%	0.85%	Reduced -4.8k	-4,795 -8.2%
35	FRANKLIN TEMPLETON ETF TR FTSE SOUTH KOREA FLKR	FLKR	172,783	$4.2m0.85%	0.85%	Added +56.2k	+56,161 48.2%
36	SPDR SER TR S&P 600 SMCP VAL SLYV	SLYV	48,210	$3.8m0.77%	0.77%	Added +6.2k	+6,223 14.8%
37	VANGUARD INDEX FDS VALUE ETF VTV	VTV	19,115	$3.4m0.68%	0.68%	Reduced -1.0k	-1,004 -5.0%
38	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	10,567	$3.2m0.64%	0.64%	Reduced -1.9k	-1,859 -15.0%
39	ISHARES TR GLOBAL TECH ETF IXN	IXN	34,347	$3.2m0.64%	0.64%	Reduced -3.9k	-3,920 -10.2%
40	WELLS FARGO CO NEW COM WFC	WFC	35,181	$2.8m0.57%	0.57%	Reduced -56	-56 -0.2%
41	FRANKLIN TEMPLETON ETF TR FTSE TAIWAN FLTW	FLTW	52,845	$2.8m0.55%	0.55%	Reduced -5.9k	-5,930 -10.1%
42	GENERAL DYNAMICS CORP COM GD	GD	8,851	$2.6m0.52%	0.52%	Added +5.0k	+4,968 127.9%
43	AMAZON COM INC COM AMZN	AMZN	10,241	$2.2m0.45%	0.45%	Reduced -123	-123 -1.2%
44	MICROSOFT CORP COM MSFT	MSFT	4,432	$2.2m0.44%	0.44%	Reduced -437	-437 -9.0%
45	ISHARES INC MSCI CHILE ETF ECH	ECH	66,870	$2.1m0.42%	0.42%	Reduced -16.3k	-16,349 -19.6%
46	META PLATFORMS INC CL A META	META	2,834	$2.1m0.42%	0.42%	Reduced -1.5k	-1,535 -35.1%
47	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	26,310	$1.9m0.39%	0.39%	Added +2.5k	+2,494 10.5%
48	ISHARES TR GLOB HLTHCRE ETF IXJ	IXJ	20,771	$1.8m0.36%	0.36%	Reduced -2.5k	-2,545 -10.9%
49	APPLE INC COM AAPL	AAPL	7,558	$1.6m0.31%	0.31%	Reduced -946	-946 -11.1%
50	FRANKLIN TEMPLETON ETF TR FTSE MEXICO FLMX	FLMX	51,337	$1.5m0.31%	0.31%	Reduced -2.7k	-2,692 -5.0%
51	TRUIST FINL CORP COM TFC	TFC	35,216	$1.5m0.30%	0.30%	Reduced -7.0k	-6,981 -16.5%
52	SCHWAB STRATEGIC TR US LCAP GR ETF SCHG	SCHG	41,557	$1.2m0.24%	0.24%	Added +29.6k	+29,618 248.1%
53	NOVO-NORDISK A S ADR NVO	NVO	14,641	$1.0m0.20%	0.20%	Reduced -2.0k	-2,012 -12.1%
54	VANGUARD INDEX FDS MID CAP ETF VO	VO	3,560	$996.2k0.20%	0.20%	Reduced -41	-41 -1.1%
55	FRANKLIN TEMPLETON ETF TR FTSE AUSTRALIA FLAU	FLAU	31,303	$970.6k0.19%	0.19%	Reduced -13.1k	-13,126 -29.5%
56	NOVARTIS AG SPONSORED ADR NVS	NVS	6,623	$801.4k0.16%	0.16%	Reduced -647	-647 -8.9%
57	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		10,672	$745.8k0.15%	0.15%	Reduced -2.3k	-2,326 -17.9%
58	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,177	$727.4k0.15%	0.15%	Reduced -389	-389 -24.8%
59	ALCON AG ORD SHS ALC	ALC	7,741	$683.4k0.14%	0.14%	Reduced -736	-736 -8.7%
60	ISHARES INC MSCI SWITZERLAND EWL	EWL	11,656	$638.9k0.13%	0.13%	Reduced -1.3k	-1,254 -9.7%
61	FIRST MAJESTIC SILVER CORP COM AG	AG	76,500	$632.7k0.13%	0.13%	New
62	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	1,144	$555.7k0.11%	0.11%	Reduced -10	-10 -0.9%
63	FISERV INC COM FISV	FISV	3,200	$551.7k0.11%	0.11%	Reduced -11	-11 -0.3%
64	COCA COLA CO COM KO	KO	6,813	$482.0k0.10%	0.10%	Reduced -53	-53 -0.8%
65	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	1,575	$470.8k0.09%	0.09%	Reduced -872	-872 -35.6%
66	DUKE ENERGY CORP NEW COM NEW DUK	DUK	3,964	$467.7k0.09%	0.09%	Reduced -63	-63 -1.6%
67	UNITEDHEALTH GROUP INC COM UNH	UNH	1,469	$458.3k0.09%	0.09%	Reduced -23	-23 -1.5%
68	EXXON MOBIL CORP COM XOM	XOM	4,171	$449.6k0.09%	0.09%	Reduced -412	-412 -9.0%
69	NVR INC COM NVR	NVR	57	$421.0k0.08%	0.08%	Unchanged
70	DEERE & CO COM DE	DE	800	$406.8k0.08%	0.08%	Reduced -34	-34 -4.1%
71	JPMORGAN CHASE & CO COM JPM	JPM	1,390	$403.0k0.08%	0.08%	Reduced -1.2k	-1,189 -46.1%
72	ISHARES TR ISHARES BIOTECH IBB	IBB	3,148	$398.3k0.08%	0.08%	Unchanged
73	DISNEY WALT CO COM DIS	DIS	3,129	$388.0k0.08%	0.08%	Reduced -618	-618 -16.5%
74	ALPHABET INC CAP STK CL A GOOGL	GOOGL	2,195	$386.8k0.08%	0.08%	Reduced -529	-529 -19.4%
75	MCKESSON CORP COM MCK	MCK	526	$385.5k0.08%	0.08%	Reduced -202	-202 -27.8%
76	DIMENSIONAL ETF TRUST US CORE EQUITY 2 DFAC	DFAC	10,210	$365.9k0.07%	0.07%	Added +31	+31 0.3%
77	CHENIERE ENERGY INC COM NEW LNG	LNG	1,500	$365.3k0.07%	0.07%	Unchanged
78	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,198	$353.1k0.07%	0.07%	Reduced -462	-462 -27.8%
79	SCHWAB STRATEGIC TR US LCAP VA ETF SCHV	SCHV	12,647	$349.9k0.07%	0.07%	Added +7.1k	+7,103 128.1%
80	LOCKHEED MARTIN CORP COM LMT	LMT	750	$347.4k0.07%	0.07%	Reduced -15	-15 -2.0%
81	SMITH & NEPHEW PLC SPDN ADR NEW SNN	SNN	10,189	$312.1k0.06%	0.06%	Reduced -2.4k	-2,424 -19.2%
82	ALPHABET INC CAP STK CL C GOOG	GOOG	1,747	$309.9k0.06%	0.06%	Reduced -74	-74 -4.1%
83	ISHARES TR RUS 2000 VAL ETF IWN	IWN	1,797	$283.5k0.06%	0.06%	Reduced -249	-249 -12.2%
84	CHEVRON CORP NEW COM CVX	CVX	1,810	$259.2k0.05%	0.05%	Reduced -513	-513 -22.1%
85	ISHARES TR CORE S&P500 ETF IVV	IVV	405	$251.5k0.05%	0.05%	New
86	GENMAB A/S SPONSORED ADS GMAB	GMAB	12,084	$249.7k0.05%	0.05%	Reduced -1.4k	-1,448 -10.7%
87	NORFOLK SOUTHN CORP COM NSC	NSC	975	$249.5k0.05%	0.05%	Reduced -955	-955 -49.5%
88	ELEVANCE HEALTH INC COM ELV	ELV	639	$248.5k0.05%	0.05%	Reduced -1	-1 -0.2%
89	BANK AMERICA CORP COM BAC	BAC	4,898	$231.8k0.05%	0.05%	Reduced -228	-228 -4.5%
90	UNION PAC CORP COM UNP	UNP	1,004	$231.0k0.05%	0.05%	Reduced -881	-881 -46.7%
91	WALMART INC COM WMT	WMT	2,318	$226.6k0.05%	0.05%	Reduced -273	-273 -10.5%
92	BROADCOM INC COM AVGO	AVGO	803	$221.4k0.04%	0.04%	New
93	FIDELITY COVINGTON TRUST MSCI UTILS INDEX FUTY	FUTY	4,132	$217.3k0.04%	0.04%	New
94	ISHARES TR RUS MDCP VAL ETF IWS	IWS	1,617	$213.7k0.04%	0.04%	Reduced -285	-285 -15.0%
95	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	3,696	$210.7k0.04%	0.04%	Reduced -169	-169 -4.4%
96	EQT CORP COM EQT	EQT	3,601	$210.0k0.04%	0.04%	New
97	VANGUARD INDEX FDS EXTEND MKT ETF VXF	VXF	1,085	$209.1k0.04%	0.04%	New
98	GE VERNOVA INC COM GEV	GEV	392	$207.4k0.04%	0.04%	New
99	JOHNSON & JOHNSON COM JNJ	JNJ	1,321	$201.8k0.04%	0.04%	Reduced -1.5k	-1,533 -53.7%
100	V F CORP COM VFC	VFC	14,848	$174.5k0.03%	0.03%	Reduced -71	-71 -0.5%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
MCDONALDS CORP MCD	MCD	2,438	$742.5k2.4k shares
VISA INC V	V	2,535	$697.0k2.5k shares
TEXAS INSTRS INC TXN	TXN	3,158	$652.4k3.2k shares
GMS INC		5,245	$475.0k5.2k shares
NATIONAL BANKSHARES INC VA NKSH	NKSH	15,207	$454.7k15.2k shares
GATOS SILVER INC		30,000	$452.4k30.0k shares
AUTOMATIC DATA PROCESSING IN ADP	ADP	1,362	$376.9k1.4k shares
ABBVIE INC ABBV	ABBV	1,780	$351.5k1.8k shares
HONEYWELL INTL INC		1,657	$342.5k1.7k shares
PROCTER AND GAMBLE CO PG	PG	1,680	$291.0k1.7k shares
CATERPILLAR INC CAT	CAT	697	$272.7k697 shares
SCHWAB STRATEGIC TR SCHH	SCHH	9,822	$227.6k9.8k shares
VANGUARD SCOTTSDALE FDS VCSH	VCSH	2,819	$223.9k2.8k shares
VANGUARD SPECIALIZED FUNDS VIG	VIG	1,012	$200.4k1.0k shares