UMA Financial Services, Inc.

RIA/Wealth

UMA Financial Services, Inc. is a RIA/Wealth based in Salt Lake City, UT led by Jeffrey Dell Zesiger, reporting $1.7B in AUM as of Q3 2025 with 79% ETF concentration.

PresidentJeffrey Dell Zesiger

Portfolio Value: $685.2M
Positions: 1,890
Top Holding: IVV at 13.23%
Last Reported: Q3 2025

Address6820 South 900 East, Suite 200, Salt Lake City, UT, 84047, United States

Top Holdings

Largest long holdings in UMA Financial Services, Inc.'s portfolio (45.5% 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	$90.7M	13.23%	+$505.3K Bought	— 135.5K shares	Q3 2019 Held for 6y 2m
2 SPDR Portfolio S&P 500 ETF SPLG	ETF ETF	$31.6M	4.62%	+$1.7M Bought	— 403.7K shares	Q4 2020 Held for 4y 11m
3 BlackRock U.S. Equity Factor Rotation DYNF	ETF ETF	$29.9M	4.36%	+$6.1M Bought	— 504.4K shares	Q1 2024 Held for 1y 8m
4 Dimensional International Core Equity Market DFAI	ETF ETF	$27.5M	4.02%	+$457.0K Bought	— 757.6K shares	Q1 2022 Held for 3y 8m
5 iShares MSCI USA Quality Factor QUAL	ETF ETF	$25.9M	3.78%	-$4.0M Sold	— 133.3K shares	Q4 2021 Held for 3y 11m
6 Invesco S&P 500 Top 50 ETF XLG	ETF ETF	$23.1M	3.37%	+$12.4M Bought	— 401.7K shares	Q1 2025 Held for 8 months
7 iShares S&P 500 Growth ETF IVW	ETF ETF	$22.9M	3.34%	-$208.8K Sold	— 189.8K shares	Q3 2023 Held for 2y 2m
8 iShares S&P 500 Value IVE	ETF ETF	$20.4M	2.98%	+$1.4M Bought	— 98.8K shares	Q3 2019 Held for 6y 2m
9 Apple AAPL	Consumer Electronics Technology	$20.2M	2.95%	+$667.1K Bought	0.00% 79.3K shares	Q3 2019 Held for 6y 2m
10 EFV iShares MSCI EAFE Value EFV	ETF ETF	$19.3M	2.82%	-$6.7M Sold	— 284.9K shares	Q4 2020 Held for 4y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in UMA Financial Services, Inc.'s latest filing

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Market Value

$685.2M

Prior: $627.9M

Q/Q Change

+9.12%

+$57.3M

Net Flows % of MV

+1.54%

Turnover Ratio

6.47%

New Purchases

202 stocks

$6.3M

Added To

680 stocks

+$48.1M

Sold Out Of

182 stocks

$1.4M

Reduced Holdings

259 stocks

-$42.5M

Increased Positions

Position	Shares Δ	Change
1 Global X Defense Tech SHLD	New	0 → 76.5K +$5.4M
2 JPC Nuveen Preferred & Income Opportunities Fund JPC	New	0 → 29.4K +$240.8K
3 Vanguard High Dividend Yield VYM	New	0 → 450.0 +$63.4K
4 MidCap Financial Investment Corporation MFIC	New	0 → 3.5K +$42.0K
5 CMS Energy CMS	New	0 → 542.0 +$39.7K

Decreased Positions

Position	Shares Δ	Change
1 BOND PIMCO Active Bond BOND	Sold	4.0K → 0 −$370.3K
2 JPI Nuveen Preferred and Income Term Fund JPI	Sold	15.5K → 0 −$323.2K
3 Dimensional International High Profitability DIHP	Sold	5.1K → 0 −$151.7K
4 iShares Core Moderate Allocation AOM	Sold	2.0K → 0 −$94.3K
5 Dimensional Emerging Markets High Profitability DEHP	Sold	2.8K → 0 −$77.0K

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Analytics

Portfolio insights and performance metrics for UMA Financial Services, Inc.

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Sector Allocation

ETF

79.00%

Technology

7.60%

Financial Services

1.80%

Healthcare

1.70%

Consumer Cyclical

1.50%

Industrials

1.00%

Consumer Defensive

0.90%

Communication Services

0.80%

Real Estate

0.50%

Energy

0.40%

Utilities

0.30%

Basic Materials

0.30%

Market Cap Distribution

Mega Cap (> $200B)

10.55%

Large Cap ($10B - $200B)

4.61%

Mid Cap ($2B - $10B)

1.30%

Small Cap ($300M - $2B)

0.19%

Micro Cap ($50M - $300M)

0.09%

Nano Cap (< $50M)

0.03%

N/A (ETF or Unknown)

83.24%

Portfolio Concentration

Top 10 Holdings %

45.47%

Top 20 Holdings %

65.87%

Top 50 Holdings %

84.82%

Top 100 Holdings %

91.5%