Evanson Asset Management, LLC Q3 2025 Filing

Filed October 14, 2025

Portfolio Value

$1.8T

Holdings

323

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (323 positions)

#	Stock	Shares	Value	% Portfolio
1	DFACDIMENSIONAL ETF TRUST	3,991,274	$153.9B	8.68%
2	PHYS/USPROTT ASSET MANAGEMENT LP	4,538,192	$134.4B	7.58%
3	VBILVANGUARD INSTL INDEX FD	1,361,727	$103.0B	5.81%
4	DFASDIMENSIONAL ETF TRUST	1,146,929	$78.5B	4.43%
5	AAPLAPPLE INC	298,167	$75.9B	4.28%
6	DFAXDIMENSIONAL ETF TRUST	2,350,070	$73.7B	4.16%
7	DFUSDIMENSIONAL ETF TRUST	917,920	$66.5B	3.75%
8	DFATDIMENSIONAL ETF TRUST	1,095,335	$63.8B	3.60%
9	DFIVDIMENSIONAL ETF TRUST	1,356,519	$62.6B	3.53%
10	DFUVDIMENSIONAL ETF TRUST	1,317,812	$58.9B	3.32%
11	VTIVANGUARD INDEX FDS	164,793	$54.1B	3.05%
12	GOOGLALPHABET INC	198,146	$48.2B	2.72%
13	METVLISTED FDS TR	63,180	$46.4B	2.62%
14	GOOGALPHABET INC	184,214	$44.9B	2.53%
15	DFISDIMENSIONAL ETF TRUST	1,299,052	$41.1B	2.32%
16	DISVDIMENSIONAL ETF TRUST	1,097,497	$39.2B	2.21%
17	DFSVDIMENSIONAL ETF TRUST	952,699	$30.3B	1.71%
18	VOOVANGUARD INDEX FDS	44,028	$27.0B	1.52%
19	DFICDIMENSIONAL ETF TRUST	785,209	$25.7B	1.45%
20	DFAIDIMENSIONAL ETF TRUST	565,914	$20.6B	1.16%
21	VTVANGUARD INTL EQUITY INDEX F	136,398	$18.8B	1.06%
22	DFEMDIMENSIONAL ETF TRUST	562,798	$18.0B	1.02%
23	DFEVDIMENSIONAL ETF TRUST	531,974	$17.0B	0.96%
24	DFLVDIMENSIONAL ETF TRUST	478,714	$15.7B	0.89%
25	MSFTMICROSOFT CORP	28,468	$14.7B	0.83%
26	NVDANVIDIA CORPORATION	78,142	$14.6B	0.82%
27	SPYSPDR S&P 500 ETF TR	21,493	$14.3B	0.81%
28	VTEBVANGUARD MUN BD FDS	266,067	$13.3B	0.75%
29	BRK/BBERKSHIRE HATHAWAY INC DEL	22,835	$11.5B	0.65%
30	DFGRDIMENSIONAL ETF TRUST	413,890	$11.3B	0.64%
31	AMZNAMAZON COM INC	43,191	$9.5B	0.53%
32	ALRMALARM COM HLDGS INC	169,456	$9.0B	0.51%
33	IJSISHARES TR	78,821	$8.7B	0.49%
34	DHSWISDOMTREE TR	79,915	$8.1B	0.45%
35	VYMVANGUARD WHITEHALL FDS	57,010	$8.0B	0.45%
36	IWBISHARES TR	19,826	$7.2B	0.41%
37	DLSWISDOMTREE TR	83,825	$6.7B	0.38%
38	CSCOCISCO SYS INC	92,562	$6.3B	0.36%
39	VXUSVANGUARD STAR FDS	80,039	$5.9B	0.33%
40	XLKSELECT SECTOR SPDR TR	18,269	$5.1B	0.29%
41	DFAWDIMENSIONAL ETF TRUST	71,475	$5.1B	0.29%
42	CTEFEA SERIES TRUST	218,568	$5.0B	0.28%
43	IWFISHARES TR	10,101	$4.7B	0.27%
44	VIGVANGUARD SPECIALIZED FUNDS	21,111	$4.6B	0.26%
45	ACNACCENTURE PLC IRELAND	18,389	$4.5B	0.26%
46	VNQVANGUARD INDEX FDS	49,158	$4.5B	0.25%
47	TSLATESLA INC	9,015	$4.0B	0.23%
48	SLVISHARES SILVER TR	92,543	$3.9B	0.22%
49	VVVANGUARD INDEX FDS	12,509	$3.9B	0.22%
50	DTHWISDOMTREE TR	77,875	$3.8B	0.22%
51	DFARDIMENSIONAL ETF TRUST	158,200	$3.8B	0.21%
52	VBVANGUARD INDEX FDS	14,721	$3.7B	0.21%
53	VTVVANGUARD INDEX FDS	18,672	$3.5B	0.20%
54	VSSVANGUARD INTL EQUITY INDEX F	24,279	$3.5B	0.20%
55	VEAVANGUARD TAX-MANAGED FDS	57,182	$3.4B	0.19%
56	DIHPDIMENSIONAL ETF TRUST	111,973	$3.4B	0.19%
57	VEUVANGUARD INTL EQUITY INDEX F	46,477	$3.3B	0.19%
58	DESWISDOMTREE TR	97,786	$3.3B	0.19%
59	DFAEDIMENSIONAL ETF TRUST	104,324	$3.3B	0.19%
60	DUHPDIMENSIONAL ETF TRUST	86,931	$3.3B	0.19%
61	EFAISHARES TR	34,857	$3.3B	0.18%
62	IVVISHARES TR	4,851	$3.2B	0.18%
63	VBRVANGUARD INDEX FDS	15,469	$3.2B	0.18%
64	BNDVANGUARD BD INDEX FDS	42,786	$3.2B	0.18%
65	ABCSEA SERIES TRUST	99,972	$3.0B	0.17%
66	AQLTISHARES TR	33,564	$2.9B	0.17%
67	IWDISHARES TR	14,329	$2.9B	0.16%
68	VWOVANGUARD INTL EQUITY INDEX F	51,459	$2.8B	0.16%
69	VPLVANGUARD INTL EQUITY INDEX F	30,978	$2.7B	0.15%
70	VYMIVANGUARD WHITEHALL FDS	31,700	$2.7B	0.15%
71	VTESVANGUARD WELLINGTON FD	25,793	$2.6B	0.15%
72	CVXCHEVRON CORP NEW	16,618	$2.6B	0.15%
73	IVWISHARES TR	21,351	$2.6B	0.15%
74	VGKVANGUARD INTL EQUITY INDEX F	31,463	$2.5B	0.14%
75	XOMEXXON MOBIL CORP	21,820	$2.5B	0.14%
76	AVGEAMERICAN CENTY ETF TR	29,211	$2.4B	0.14%
77	OKEONEOK INC NEW	33,265	$2.4B	0.14%
78	IJRISHARES TR	20,280	$2.4B	0.14%
79	JNJJOHNSON & JOHNSON	12,989	$2.4B	0.14%
80	DFNMDIMENSIONAL ETF TRUST	48,639	$2.3B	0.13%
81	VUGVANGUARD INDEX FDS	4,768	$2.3B	0.13%
82	VGTVANGUARD WORLD FD	2,966	$2.2B	0.12%
83	IWCISHARES TR	13,697	$2.0B	0.12%
84	AMDADVANCED MICRO DEVICES INC	12,556	$2.0B	0.11%
85	QQQMINVESCO EXCH TRADED FD TR II	8,185	$2.0B	0.11%
86	AQLTISHARES TR	14,059	$2.0B	0.11%
87	AVDVAMERICAN CENTY ETF TR	21,548	$1.9B	0.11%
88	AVUVAMERICAN CENTY ETF TR	19,185	$1.9B	0.11%
89	SPYMSPDR SERIES TRUST	24,069	$1.9B	0.11%
90	BSVVANGUARD BD INDEX FDS	23,392	$1.8B	0.10%
91	AVGVAMERICAN CENTY ETF TR	25,781	$1.8B	0.10%
92	VFHVANGUARD WORLD FD	13,645	$1.8B	0.10%
93	IYRISHARES TR	18,419	$1.8B	0.10%
94	AVDEAMERICAN CENTY ETF TR	22,463	$1.8B	0.10%
95	SCHXSCHWAB STRATEGIC TR	66,701	$1.8B	0.10%
96	SCHFSCHWAB STRATEGIC TR	74,607	$1.7B	0.10%
97	VDEVANGUARD WORLD FD	13,782	$1.7B	0.10%
98	VCRVANGUARD WORLD FD	4,375	$1.7B	0.10%
99	SCHDSCHWAB STRATEGIC TR	61,746	$1.7B	0.10%
100	APPFAPPFOLIO INC	6,000	$1.7B	0.09%

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