SEC Filing Analysis: Salvus Wealth Management, LLC (13F-HR)

Executive Summary

• Trading Significance: Low
• Key Takeaway: Salvus Wealth Management, LLC has filed its quarterly Form 13F-HR, disclosing $178.96 million in assets under management across 133 positions as of September 30, 2025. This is a standard institutional disclosure and is not indicative of a specific insider trade.
• Market Impact: The filing is unlikely to have a material impact on the market or the individual securities listed, given the size of the firm and the nature of the disclosure.

Filer Information

Field	Value
Filer Name	Salvus Wealth Management, LLC
CIK	0001809236
Business Address	200 SCHULZ DRIVE, SUITE 302, RED BANK, NJ 07701
Report For Period	2025-09-30

Portfolio Summary

Field	Value
Form Type	13F-HR (Holdings Report)
Filing Date	2025-10-14
Total Portfolio Value	$178,960,041
Number of Holdings	133

Top 10 Holdings by Value

Issuer	Value (USD)	Shares
BERKSHIRE HATHAWAY INC DEL	$8,363,080	16,635
SCHWAB CHARLES CORP	$6,907,159	72,349
PROGRESSIVE CORP	$5,976,190	24,200
APPLE INC	$5,545,620	21,779
THOR INDS INC	$5,520,559	53,241
ALPHABET INC (CL C)	$5,225,560	21,456
AST SPACEMOBILE INC	$5,089,743	103,703
BOOKING HOLDINGS INC	$5,037,519	933
SOMNIGROUP INTERNATIONAL INC	$4,994,866	59,230
ANALOG DEVICES INC	$4,772,231	19,423

Market Impact Analysis

Stock Impact Prediction

• Direction: Neutral
• Reasoning: Form 13F-HR is a backward-looking report of holdings at the end of a quarter. The data is up to 45 days old and represents a snapshot of a diversified portfolio rather than a high-conviction trade. As such, it provides little to no predictive power for individual stock movements.

Volume & Sentiment

• Expected Volume Impact: Negligible. This filing is routine and expected by the market. It will not trigger significant trading volume in the underlying securities.
• Sentiment Indicator: Neutral. The filing shows the composition of a wealth management portfolio, not a specific bullish or bearish bet by a corporate insider.

Investment Insights

Portfolio Composition

• The portfolio is well-diversified across 133 different securities.
• The top holdings are concentrated in large-cap companies across various sectors, including financials (Berkshire Hathaway, Schwab), insurance (Progressive), technology (Apple, Alphabet), and consumer discretionary (Thor, Booking).
• The presence of numerous blue-chip stocks suggests a strategy focused on established, stable companies.

Key Takeaways

1. Standard Disclosure: This is a routine, legally required disclosure for institutional managers with over $100 million in AUM.
2. Diversified Strategy: The large number of holdings and the composition of the top positions indicate a diversified investment strategy, typical of a wealth management firm managing client assets.
3. No Insider Signal: Unlike a Form 4, this filing does not represent the actions of a corporate insider (like a CEO or Director) and should not be interpreted as an insider signal.

Contextual Analysis

Filing Context

This 13F-HR filing is a mandatory quarterly report required by the SEC. It provides transparency into the holdings of institutional investment managers. The information is historical, reflecting the state of the portfolio on September 30, 2025.

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IMPORTANT DISCLAIMER: This analysis is for informational purposes only and is not intended as investment advice. The information presented is based on publicly available SEC filings and should not be construed as a recommendation to buy, sell, or hold any securities. Past performance does not guarantee future results. All investments carry risk, including the potential loss of principal. Please consult with a qualified financial advisor before making any investment decisions.

Analysis generated on 2025-10-14 | Data source: SEC EDGAR