LBMC INVESTMENT ADVISORS, LLC

RIA/Wealth

LBMC INVESTMENT ADVISORS, LLC is a RIA/Wealth based in Brentwood, TN led by Gregory Michael Herman, reporting $2.0B in AUM as of Q3 2025 with 89% ETF concentration, 63% concentrated in top 10 holdings, 18% allocation to IVV, and minimal technology exposure.

PresidentGregory Michael Herman

Portfolio Value: $1.6B
Positions: 227
Top Holding: IVV at 18.43%
Last Reported: Q3 2025

Address201 Franklin Road, Suite 400, Brentwood, TN, 37027, United States

Top Holdings

Largest long holdings in LBMC INVESTMENT ADVISORS, LLC's portfolio (63.2% 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	$288.6M	18.43%	-$3.3M Sold	— 431.1K shares	≤ Q2 2013 Held for 12y 5m+
2 Invesco S&P 500 Equal Weight ETF RSP	ETF ETF	$253.5M	16.19%	+$1.3M Bought	— 1.3M shares	≤ Q2 2013 Held for 12y 5m+
3 iShares Russell 2000 IWM	ETF ETF	$170.4M	10.88%	+$669.0K Bought	— 704.3K shares	≤ Q2 2013 Held for 12y 5m+
4 iShares Core High Dividend HDV	ETF ETF	$55.7M	3.56%	-$412.8K Sold	— 455.3K shares	≤ Q2 2013 Held for 12y 5m+
5 iShares Core MSCI EAFE ETF IEFA	ETF ETF	$50.1M	3.20%	+$726.1K Bought	— 573.4K shares	Q1 2017 Held for 8y 8m
6 iShares MSCI EAFE EFA	ETF ETF	$45.5M	2.90%	-$818.9K Sold	— 487.2K shares	≤ Q2 2013 Held for 12y 5m+
7 IBHH iShares iBonds 2028 Term High Yield and Income IBHH	ETF ETF	$36.2M	2.31%	+$8.2M Bought	— 1.5M shares	Q1 2024 Held for 1y 8m
8 iShares iBonds 2027 Term High Yield and Income IBHG	ETF ETF	$32.8M	2.10%	+$6.6M Bought	— 1.5M shares	Q1 2024 Held for 1y 8m
9 iShares Select Dividend DVY	ETF ETF	$32.5M	2.08%	-$365.9K Sold	— 228.9K shares	≤ Q2 2013 Held for 12y 5m+
10 Vanguard FTSE Developed Markets VEA	ETF ETF	$24.5M	1.56%	+$129.7K Bought	— 408.9K shares	≤ Q2 2013 Held for 12y 5m+

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in LBMC INVESTMENT ADVISORS, LLC's latest filing

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Market Value

$1.6B

Prior: $1.4B

Q/Q Change

+11.82%

+$165.5M

Turnover Ratio

3.28%

New Purchases

21 stocks

$12.2M

Added To

76 stocks

+$74.4M

Sold Out Of

6 stocks

$1.5M

Reduced Holdings

56 stocks

-$12.2M

Increased Positions

Position	Shares Δ	Change
1 Capital One Financial COF	New	0 → 16.5K +$3.5M
2 Citigroup C	New	0 → 10.0K +$1.0M
3 FDEC FT Vest U.S. Equity Buffer ETF FDEC	New	0 → 16.7K +$824.7K
4 Goldman Sachs Group GS	New	0 → 875.0 +$696.8K
5 Eaton Corporation ETN	New	0 → 1.9K +$692.7K

Decreased Positions

Position	Shares Δ	Change
1 Vanguard Mortgage-Backed Securities VMBS	Sold	6.6K → 0 −$306.5K
2 Carnival Corporation CCL	Sold	10.7K → 0 −$301.2K
3 CrowdStrike Holdings, Inc. CRWD	Sold	500.0 → 0 −$254.7K
4 SCHR Schwab Intermediately-Term U.S. Treasury SCHR	Sold	9.2K → 0 −$230.0K
5 Revvity RVTY	Sold	2.1K → 0 −$206.3K

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Analytics

Portfolio insights and performance metrics for LBMC INVESTMENT ADVISORS, LLC

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Sector Allocation

ETF

88.60%

Technology

2.90%

Financial Services

2.60%

Healthcare

1.80%

Communication Services

1.10%

Industrials

1.00%

Consumer Cyclical

0.80%

Consumer Defensive

0.40%

Utilities

0.30%

Energy

0.30%

Basic Materials

0.10%

Market Cap Distribution

Mega Cap (> $200B)

6.44%

Large Cap ($10B - $200B)

4.29%

Mid Cap ($2B - $10B)

0.21%

Small Cap ($300M - $2B)

0.35%

N/A (ETF or Unknown)

88.71%

Portfolio Concentration

Top 10 Holdings %

63.21%

Top 20 Holdings %

75.09%

Top 50 Holdings %

89.87%

Top 100 Holdings %

96.41%