SEC Filing Analysis: BANNERMAN WEALTH MANAGEMENT GROUP, LLC (13F-HR)

Executive Summary

• Trading Significance: Medium
• Key Takeaway: Bannerman Wealth Management Group's Q3 2025 13F-HR filing discloses a portfolio valued at $135.7 million across 31 positions, revealing a clear strategy centered on broad diversification through ETFs, particularly from Dimensional and American Century.
• Market Impact: Neutral. As a standard quarterly holdings report from a mid-sized wealth manager, this filing provides insight into their strategy but is unlikely to cause significant price movement in the underlying, predominantly large-cap and ETF securities.

Filer Information

Field	Value
Company	BANNERMAN WEALTH MANAGEMENT GROUP, LLC
CIK	0002058816
Type	Institutional Investment Manager

Filing Summary

Field	Value
Form Type	13F-HR (Holdings Report)
Filing Date	2025-10-15
Period of Report	2025-09-30
Total Portfolio Value	$135,700,072
Number of Holdings	31

Portfolio Analysis

The portfolio is heavily concentrated in Exchange-Traded Funds (ETFs), which constitute the vast majority of the assets under management. This indicates a top-down, diversified investment approach rather than high-conviction single-stock picking.

Top 5 Holdings by Value

Issuer	Ticker/Class	Value (USD)	Shares
DIMENSIONAL ETF TRUST	US CORE EQUITY 2	$43,157,522	1,118,940
DIMENSIONAL ETF TRUST	CORE FIXED INCOM	$16,109,710	376,747
DIMENSIONAL ETF TRUST	INTL CORE EQT MK	$11,674,052	321,157
DIMENSIONAL ETF TRUST	US SMALL CAP ETF	$11,312,536	165,243
AMERICAN CENTY ETF TR	US LARGE CAP VLU	$10,552,158	146,030

Notable Single-Stock Holdings

While ETFs dominate, the firm holds positions in several blue-chip technology companies.

Issuer	Ticker/Class	Value (USD)	Shares
NVIDIA CORPORATION	COM	$2,452,408	13,144
AMAZON COM INC	COM	$1,107,292	5,043
APPLE INC	COM	$552,292	2,169

Investment Strategy Insights

Positive Market Indicators

• Diversification: The heavy allocation to broad-market and factor-based ETFs suggests a disciplined, risk-managed approach suitable for long-term wealth management.
• Cost-Efficiency: The reliance on ETFs, particularly from providers like Dimensional known for systematic strategies, points towards a focus on cost-effective market access.

Risk Factors

• Backward-Looking Data: The holdings are reported as of September 30, 2025. The portfolio may have been altered since that date.
• Passive Strategy Insight: This filing primarily reflects a passive or semi-passive allocation strategy, offering limited insight into the firm's views on specific company fundamentals.

Key Takeaways

1. ETF-Centric Strategy: Bannerman's investment philosophy is clearly rooted in using ETFs for core portfolio construction.
2. Dimensional Preference: A significant portion of the AUM is invested in Dimensional Fund Advisors (DFA) ETFs, indicating a belief in their factor-investing approach (e.g., value, small-cap).
3. Limited Active Bets: Single-stock positions are relatively small compared to the total portfolio value, suggesting they are likely satellite holdings or legacy positions rather than high-conviction active bets.

Risk Assessment

Risk Level: Low

Risks of Interpretation

• Snapshot in Time: This filing is a snapshot and does not show portfolio turnover, cash positions, or short positions. It should not be used to replicate a strategy.
• No Predictive Power: 13F filings are historical records and are not indicative of future performance or future portfolio changes.

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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 2025-10-15 | Data source: SEC EDGAR