Divergent Planning, LLC

RIA/Wealth

Divergent Planning, LLC is a RIA/Wealth based in Bethesda, MD led by Matthew Barnes Brock, managing $376.5M across 36 long positions as of Q3 2025 with 98% ETF concentration, 90% concentrated in top 10 holdings, and 26% allocation to IVV.

Managing PartnerMatthew Barnes Brock

Portfolio Value: $376.5M
Positions: 36
Top Holding: IVV at 26.35%
Last Reported: Q3 2025

Address6701 Democracy Blvd., Suite 300, Bethesda, MD, 20817, United States

Top Holdings

Largest long holdings in Divergent Planning, LLC's portfolio (90.3% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares Core S&P 500 ETF IVV	ETF ETF	$99.2M	26.35%	+$2.7M Bought	— 147.5K shares	Q4 2020 Held for 4y 11m
2 Avantis International Small Cap Value AVDV	ETF ETF	$47.9M	12.72%	+$35.2K Bought	— 532.0K shares	Q2 2022 Held for 3y 5m
3 SPDR S&P MidCap 400 ETF MDY	ETF ETF	$44.6M	11.85%	+$2.4M Bought	— 74.3K shares	Q1 2023 Held for 2y 8m
4 Janus Henderson Mortgage-Backed Securities JMBS	ETF ETF	$39.9M	10.60%	+$2.8M Bought	— 874.4K shares	Q2 2021 Held for 4y 5m
5 Avantis U.S. Equity AVUS	ETF ETF	$26.0M	6.90%	+$822.8K Bought	— 237.8K shares	Q2 2022 Held for 3y 5m
6 Dimensional U.S. Small Cap DFAS	ETF ETF	$24.4M	6.49%	+$845.4K Bought	— 353.8K shares	Q1 2024 Held for 1y 8m
7 Janus Henderson AAA CLO JAAA	ETF ETF	$19.9M	5.29%	+$552.6K Bought	— 393.5K shares	Q2 2024 Held for 1y 5m
8 Vanguard Tax-Exempt Bond Index Fund VTEB	ETF ETF	$14.3M	3.79%	+$424.3K Bought	— 285.2K shares	Q4 2022 Held for 2y 11m
9 DFCF Dimensional Core Fixed Income DFCF	ETF ETF	$13.3M	3.55%	-$1.4M Sold	— 311.4K shares	Q4 2022 Held for 2y 11m
10 US Treasury 3 Month Bill ETF TBIL	ETF ETF	$10.4M	2.75%	+$3.5M Bought	— 207.9K shares	Q3 2023 Held for 2y 2m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Divergent Planning, LLC's latest filing

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Market Value

$376.5M

Prior: $554.1M

Q/Q Change

-32.06%

-$177.7M

Net Flows % of MV

-53.08%

Turnover Ratio

31.28%

New Purchases

0 stocks

Added To

19 stocks

+$17.9M

Sold Out Of

71 stocks

$212.3M

Reduced Holdings

8 stocks

-$5.4M

Increased Positions

Position	Shares Δ	Change
1 US Treasury 3 Month Bill ETF TBIL	+50.84%	137.8K → 207.9K +$3.5M
2 Avantis International Equity AVDE	+23.88%	86.8K → 107.6K +$1.7M
3 Vanguard Intermediate-Term Corporate Bond VCIT	+21.99%	93.1K → 113.6K +$1.7M
4 Accenture ACN	+19.55%	972.0 → 1.2K +$46.6K
5 Janus Henderson Mortgage-Backed Securities JMBS	+7.59%	812.7K → 874.4K +$2.8M

Decreased Positions

Position	Shares Δ	Change
1 JPMorgan Ultra-Short Income JPST	Sold	553.7K → 0 −$28.1M
2 iShares 1-3 Year Treasury Bond SHY	Sold	141.9K → 0 −$11.8M
3 iShares MSCI USA Quality Factor QUAL	Sold	58.5K → 0 −$10.7M
4 Vanguard Intermediate-Term Treasury VGIT	Sold	162.3K → 0 −$9.7M
5 iShares Core S&P Mid-Cap ETF IJH	Sold	146.3K → 0 −$9.1M