PAX Financial Group, LLC

RIA/Wealth

PAX Financial Group, LLC is a RIA/Wealth based in San Antonio, TX led by Darryl Walter Lyons, reporting $728.5M in AUM as of Q3 2025 with 82% ETF concentration.

CEODarryl Walter Lyons

Portfolio Value: $534.8M
Positions: 212
Top Holding: IVV at 5.2%
Last Reported: Q3 2025

Address270 North Loop 1604 East, Suite 200, San Antonio, TX, 78232, United States

Top Holdings

Largest long holdings in PAX Financial Group, LLC's portfolio (38% 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	$27.8M	5.20%	+$2.6M Bought	— 41.6K shares	Q4 2019 Held for 5y 11m
2 BlackRock U.S. Equity Factor Rotation DYNF	ETF ETF	$23.4M	4.38%	+$4.3M Bought	— 395.5K shares	Q4 2023 Held for 1y 11m
3 iShares Core Total USD Bond Market IUSB	ETF ETF	$23.0M	4.29%	-$1.2M Sold	— 491.7K shares	Q1 2021 Held for 4y 8m
4 iShares S&P 500 Growth ETF IVW	ETF ETF	$22.7M	4.25%	+$1.0M Bought	— 188.4K shares	Q3 2023 Held for 2y 2m
5 iShares MSCI USA Quality Factor QUAL	ETF ETF	$21.2M	3.96%	-$247.0K Sold	— 108.8K shares	Q1 2023 Held for 2y 8m
6 EFV iShares MSCI EAFE Value EFV	ETF ETF	$19.0M	3.56%	-$986.7K Sold	— 280.7K shares	Q1 2021 Held for 4y 8m
7 iShares S&P 500 Value IVE	ETF ETF	$17.9M	3.34%	+$1.9M Bought	— 86.5K shares	Q4 2023 Held for 1y 11m
8 iShares S&P 100 OEF	ETF ETF	$17.3M	3.23%	+$9.3M Bought	— 52.0K shares	Q1 2025 Held for 8 months
9 Inspire International WWJD	ETF ETF	$15.6M	2.91%	-$606.9K Sold	— 441.7K shares	Q4 2020 Held for 4y 11m
10 iShares Core MSCI Emerging Markets IEMG	ETF ETF	$15.5M	2.90%	+$1.8M Bought	— 234.9K shares	Q2 2022 Held for 3y 5m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in PAX Financial Group, LLC's latest filing

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Market Value

$534.8M

Prior: $511.4M

Q/Q Change

+4.58%

+$23.4M

Net Flows % of MV

-0.886%

Turnover Ratio

7.28%

New Purchases

7 stocks

$5.7M

Added To

73 stocks

+$30.4M

Sold Out Of

29 stocks

$15.6M

Reduced Holdings

126 stocks

-$25.2M

Increased Positions

Position	Shares Δ	Change
1 iShares U.S. Aerospace & Defense ITA	New	0 → 20.5K +$4.3M
2 Carnival Corporation CCL	New	0 → 9.0K +$259.7K
3 Schwab Fundamental U.S. Large Company FNDX	New	0 → 9.5K +$250.0K
4 Schwab U.S. Large-Cap Growth SCHG	New	0 → 7.5K +$239.1K
5 Federal Signal FSS	New	0 → 1.9K +$220.4K

Decreased Positions

Position	Shares Δ	Change
1 iShares U.S. Technology IYW	Sold	36.2K → 0 −$6.3M
2 SPHQ Invesco S&P 500 Quality ETF SPHQ	Sold	24.1K → 0 −$1.7M
3 SCHR Schwab Intermediately-Term U.S. Treasury SCHR	Sold	36.5K → 0 −$913.2K
4 Spotify Technology SPOT	Sold	622.0 → 0 −$477.3K
5 NRG Energy NRG	Sold	2.8K → 0 −$444.6K

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Analytics

Portfolio insights and performance metrics for PAX Financial Group, LLC

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Sector Allocation

ETF

82.40%

Technology

5.50%

Financial Services

1.70%

Consumer Cyclical

1.60%

Industrials

1.50%

Communication Services

1.50%

Healthcare

1.30%

Consumer Defensive

0.70%

Energy

0.40%

Utilities

0.30%

Basic Materials

0.10%

Real Estate

0.10%

Market Cap Distribution

Mega Cap (> $200B)

6.76%

Large Cap ($10B - $200B)

6.98%

Mid Cap ($2B - $10B)

0.66%

Small Cap ($300M - $2B)

0.27%

Micro Cap ($50M - $300M)

0.08%

N/A (ETF or Unknown)

85.25%

Portfolio Concentration

Top 10 Holdings %

38.02%

Top 20 Holdings %

53.56%

Top 50 Holdings %

78.62%

Top 100 Holdings %

91.08%