D. SCOTT NEAL, INC.

RIA/Wealth

D. SCOTT NEAL, INC. is a RIA/Wealth based in Lexington, KY led by David Scott Neal, reporting $352.0M in AUM as of Q3 2025 with 33% ETF concentration, 79% concentrated in top 10 holdings, and 17% allocation to GLD.

PresidentDavid Scott Neal

Portfolio Value: $216.2M
Positions: 58
Top Holding: GLD at 16.72%
Last Reported: Q3 2025

Address3292 Eagle View Lane, Suite 290, Lexington, KY, 40509, United States

Top Holdings

Largest long holdings in D. SCOTT NEAL, INC.'s portfolio (78.9% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 GLD SPDR Gold Trust GLD	Unknown Unknown	$36.1M	16.72%	-$306.1K Sold	— 101.7K shares	Q4 2022 Held for 2y 11m
2 Invesco QQQ Trust QQQ	ETF ETF	$30.9M	14.29%	-$185.5K Sold	— 51.5K shares	Q4 2013 Held for 11y 11m
3 Communication Services Select Sector SPDR Fund XLC	ETF ETF	$21.9M	10.14%	-$33.5K Sold	— 185.2K shares	Q2 2024 Held for 1y 5m
4 Unum UNM	Insurance - Life Financial Services	$20.0M	9.26%	-$557.4K Sold	0.15% 257.4K shares	Q1 2024 Held for 1y 8m
5 Arthur J. Gallagher AJG	Insurance - Brokers Financial Services	$17.6M	8.12%	-$294.6K Sold	0.02% 56.7K shares	Q2 2023 Held for 2y 5m
6 Flex Ltd. FLEX	Hardware, Equipment & Parts Technology	$15.5M	7.18%	+$4.9K Bought	0.07% 267.8K shares	Q1 2024 Held for 1y 8m
7 KLA Corporation KLAC	Semiconductors Technology	$11.7M	5.43%	-$1.1K Sold	0.01% 10.9K shares	Q2 2023 Held for 2y 5m
8 National Storage Affiliates NSA	REIT - Industrial Real Estate	$7.7M	3.58%	-$10.8K Sold	0.33% 255.9K shares	Q1 2024 Held for 1y 8m
9 IAU iShares Gold Trust IAU	Unknown Unknown	$4.9M	2.26%	-$453.5K Sold	— 67.1K shares	Q1 2023 Held for 2y 8m
10 Microsoft MSFT	Software - Infrastructure Technology	$4.2M	1.96%	—	0.00% 8.2K shares	Q1 2019 Held for 6y 8m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in D. SCOTT NEAL, INC.'s latest filing

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Market Value

$216.2M

Prior: $200.6M

Q/Q Change

+7.77%

+$15.6M

Net Flows % of MV

-1.22%

Turnover Ratio

0.942%

New Purchases

0 stocks

Added To

7 stocks

+$294.0K

Sold Out Of

1 stocks

$221.6K

Reduced Holdings

15 stocks

-$2.7M

Increased Positions

Position	Shares Δ	Change
1 Utilities Select Sector SPDR Fund XLU	+9.66%	30.6K → 33.6K +$257.9K
2 iShares Currency Hedged MSCI EAFE HEFA	+1.73%	30.8K → 31.4K +$21.1K
3 Broadcom Inc. AVGO	+1.17%	1.0K → 1.0K +$4.0K
4 Vanguard ESG U.S. Stock ESGV	+0.85%	2.1K → 2.1K +$2.1K
5 Procter & Gamble PG	+0.28%	3.6K → 3.6K +$1.5K

Decreased Positions

Position	Shares Δ	Change
1 NVO Novo Nordisk NVO	Sold	3.2K → 0 −$221.6K
2 Abbott ABT	-17.86%	2.8K → 2.3K −$67.0K
3 International Business Machines IBM	-12.67%	2.5K → 2.2K −$88.0K
4 SPDR S&P 500 ETF Trust SPY	-10.26%	6.9K → 6.2K −$473.0K
5 Nvidia NVDA	-9.88%	10.1K → 9.1K −$186.6K

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Analytics

Portfolio insights and performance metrics for D. SCOTT NEAL, INC.

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Sector Allocation

ETF

33.10%

Financial Services

20.60%

Technology

18.10%

Real Estate

3.60%

Industrials

1.90%

Consumer Cyclical

1.40%

Communication Services

0.90%

Consumer Defensive

0.60%

Healthcare

0.40%

Energy

0.10%

Market Cap Distribution

Mega Cap (> $200B)

10.88%

Large Cap ($10B - $200B)

31.26%

Mid Cap ($2B - $10B)

3.58%

Small Cap ($300M - $2B)

0.70%

Micro Cap ($50M - $300M)

1.24%

N/A (ETF or Unknown)

52.34%

Portfolio Concentration

Top 10 Holdings %

78.94%

Top 20 Holdings %

91.49%

Top 50 Holdings %

99.29%

Top 100 Holdings %

100.0%