Evanson Asset Management, LLC Q4 2025 Filing

Filed January 12, 2026

Portfolio Value

$1.9T

Holdings

326

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (326 positions)

#	Stock	Shares	Value	% Portfolio
1	DFACDIMENSIONAL ETF TRUST	4,002,215	$158.4B	8.55%
2	VBILVANGUARD INSTL INDEX FD	1,904,118	$143.6B	7.75%
3	PHYS/USPROTT ASSET MANAGEMENT LP	4,080,010	$134.7B	7.27%
4	DFASDIMENSIONAL ETF TRUST	1,162,402	$81.0B	4.37%
5	DFAXDIMENSIONAL ETF TRUST	2,303,524	$75.4B	4.07%
6	AAPLAPPLE INC	265,278	$72.1B	3.89%
7	DFUSDIMENSIONAL ETF TRUST	950,482	$70.5B	3.80%
8	DFIVDIMENSIONAL ETF TRUST	1,386,778	$69.2B	3.73%
9	DFATDIMENSIONAL ETF TRUST	1,083,707	$64.5B	3.48%
10	DFUVDIMENSIONAL ETF TRUST	1,333,124	$62.1B	3.35%
11	VTIVANGUARD INDEX FDS	162,929	$54.6B	2.95%
12	GOOGLALPHABET INC	169,393	$53.0B	2.86%
13	GOOGALPHABET INC	147,959	$46.4B	2.51%
14	DFISDIMENSIONAL ETF TRUST	1,336,151	$44.0B	2.37%
15	DISVDIMENSIONAL ETF TRUST	1,142,904	$43.4B	2.34%
16	DFSVDIMENSIONAL ETF TRUST	1,027,169	$33.8B	1.82%
17	VOOVANGUARD INDEX FDS	48,228	$30.2B	1.63%
18	DFICDIMENSIONAL ETF TRUST	799,589	$27.6B	1.49%
19	METVLISTED FDS TR	38,073	$25.1B	1.36%
20	DFAIDIMENSIONAL ETF TRUST	603,362	$23.0B	1.24%
21	VTVANGUARD INTL EQUITY INDEX F	137,031	$19.3B	1.04%
22	DFEMDIMENSIONAL ETF TRUST	579,153	$19.2B	1.03%
23	DFEVDIMENSIONAL ETF TRUST	551,175	$18.6B	1.00%
24	DFLVDIMENSIONAL ETF TRUST	527,946	$18.1B	0.97%
25	VTEBVANGUARD MUN BD FDS	299,536	$15.1B	0.81%
26	SPYSPDR S&P 500 ETF TR	21,521	$14.7B	0.79%
27	MSFTMICROSOFT CORP	28,132	$13.6B	0.73%
28	DFGRDIMENSIONAL ETF TRUST	450,854	$11.9B	0.64%
29	NVDANVIDIA CORPORATION	57,952	$10.8B	0.58%
30	BRK/BBERKSHIRE HATHAWAY INC DEL	20,284	$10.2B	0.55%
31	IJSISHARES TR	77,871	$8.9B	0.48%
32	ALRMALARM COM HLDGS INC	168,914	$8.6B	0.46%
33	VYMVANGUARD WHITEHALL FDS	57,579	$8.3B	0.45%
34	DHSWISDOMTREE TR	79,658	$8.1B	0.44%
35	AMZNAMAZON COM INC	33,620	$7.8B	0.42%
36	IWBISHARES TR	20,528	$7.7B	0.41%
37	CSCOCISCO SYS INC	92,447	$7.1B	0.38%
38	DLSWISDOMTREE TR	83,604	$6.8B	0.37%
39	DFAWDIMENSIONAL ETF TRUST	84,719	$6.3B	0.34%
40	SLVISHARES SILVER TR	96,844	$6.2B	0.34%
41	VXUSVANGUARD STAR FDS	82,370	$6.2B	0.34%
42	CTEFEA SERIES TRUST	232,232	$5.4B	0.29%
43	XLKSELECT SECTOR SPDR TR	36,584	$5.3B	0.28%
44	ACNACCENTURE PLC IRELAND	18,415	$4.9B	0.27%
45	IWFISHARES TR	9,778	$4.6B	0.25%
46	VIGVANGUARD SPECIALIZED FUNDS	20,029	$4.4B	0.24%
47	VNQVANGUARD INDEX FDS	48,580	$4.3B	0.23%
48	VBVANGUARD INDEX FDS	16,165	$4.2B	0.22%
49	VEAVANGUARD TAX-MANAGED FDS	63,956	$4.0B	0.22%
50	VUSBVANGUARD BD INDEX FDS	79,596	$4.0B	0.21%
51	VVVANGUARD INDEX FDS	12,592	$4.0B	0.21%
52	DTHWISDOMTREE TR	74,657	$3.9B	0.21%
53	VTVVANGUARD INDEX FDS	19,568	$3.7B	0.20%
54	TSLATESLA INC	8,230	$3.7B	0.20%
55	DFARDIMENSIONAL ETF TRUST	160,324	$3.7B	0.20%
56	DIHPDIMENSIONAL ETF TRUST	113,404	$3.6B	0.19%
57	VSSVANGUARD INTL EQUITY INDEX F	24,656	$3.5B	0.19%
58	AQLTISHARES TR	39,034	$3.5B	0.19%
59	IVVISHARES TR	5,034	$3.4B	0.19%
60	VEUVANGUARD INTL EQUITY INDEX F	46,293	$3.4B	0.18%
61	DUHPDIMENSIONAL ETF TRUST	88,813	$3.4B	0.18%
62	VBRVANGUARD INDEX FDS	15,818	$3.4B	0.18%
63	EFAISHARES TR	34,637	$3.3B	0.18%
64	DESWISDOMTREE TR	98,046	$3.3B	0.18%
65	IWDISHARES TR	14,233	$3.0B	0.16%
66	DFAEDIMENSIONAL ETF TRUST	91,730	$3.0B	0.16%
67	VYMIVANGUARD WHITEHALL FDS	31,741	$2.9B	0.15%
68	VWOVANGUARD INTL EQUITY INDEX F	51,724	$2.8B	0.15%
69	AVGEAMERICAN CENTY ETF TR	32,261	$2.8B	0.15%
70	VPLVANGUARD INTL EQUITY INDEX F	30,207	$2.7B	0.15%
71	AMDADVANCED MICRO DEVICES INC	12,630	$2.7B	0.15%
72	JNJJOHNSON & JOHNSON	12,991	$2.7B	0.15%
73	IVWISHARES TR	21,423	$2.6B	0.14%
74	BSVVANGUARD BD INDEX FDS	33,369	$2.6B	0.14%
75	CVXCHEVRON CORP NEW	17,208	$2.6B	0.14%
76	VTESVANGUARD WELLINGTON FD	25,468	$2.6B	0.14%
77	VGKVANGUARD INTL EQUITY INDEX F	30,293	$2.5B	0.14%
78	AVUVAMERICAN CENTY ETF TR	24,788	$2.5B	0.14%
79	IJRISHARES TR	20,850	$2.5B	0.14%
80	XOMEXXON MOBIL CORP	20,688	$2.5B	0.13%
81	OKEONEOK INC NEW	33,348	$2.5B	0.13%
82	VUGVANGUARD INDEX FDS	4,833	$2.4B	0.13%
83	VGTVANGUARD WORLD FD	3,082	$2.3B	0.13%
84	DFNMDIMENSIONAL ETF TRUST	47,782	$2.3B	0.12%
85	IWCISHARES TR	14,253	$2.2B	0.12%
86	QQQMINVESCO EXCH TRADED FD TR II	8,257	$2.1B	0.11%
87	SPYMSPDR SERIES TRUST	25,781	$2.1B	0.11%
88	AVGVAMERICAN CENTY ETF TR	27,262	$2.0B	0.11%
89	AQLTISHARES TR	14,074	$2.0B	0.11%
90	AVUSAMERICAN CENTY ETF TR	17,222	$1.9B	0.10%
91	BNDVANGUARD BD INDEX FDS	25,761	$1.9B	0.10%
92	AVDEAMERICAN CENTY ETF TR	22,641	$1.9B	0.10%
93	SCHXSCHWAB STRATEGIC TR	68,660	$1.8B	0.10%
94	AVDVAMERICAN CENTY ETF TR	19,585	$1.8B	0.10%
95	VFHVANGUARD WORLD FD	13,787	$1.8B	0.10%
96	SCHFSCHWAB STRATEGIC TR	75,977	$1.8B	0.10%
97	SCHDSCHWAB STRATEGIC TR	66,554	$1.8B	0.10%
98	VDEVANGUARD WORLD FD	13,820	$1.7B	0.09%
99	IYRISHARES TR	18,419	$1.7B	0.09%
100	VCRVANGUARD WORLD FD	4,381	$1.7B	0.09%

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