Vermillion Wealth Management, Inc.

RIA/Wealth

Vermillion Wealth Management, Inc. is a RIA/Wealth based in Miami, FL led by Philip Nordell Carey, managing $228.0M across 621 long positions as of Q3 2025 with 82% ETF concentration, 65% concentrated in top 10 holdings, 21% allocation to DFUS, and minimal technology exposure.

CEOPhilip Nordell Carey

Portfolio Value: $228.0M
Positions: 621
Top Holding: DFUS at 20.64%
Last Reported: Q3 2025

Address1450 Brickell Ave., Suite 1480, Miami, FL, 33131, United States

Top Holdings

Largest long holdings in Vermillion Wealth Management, Inc.'s portfolio (65.3% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Dimensional U.S. Equity DFUS	ETF ETF	$47.1M	20.64%	+$349.5K Bought	— 649.8K shares	Q4 2024 Held for 11 months
2 Vanguard Total Bond Market BND	ETF ETF	$23.6M	10.34%	+$1.0M Bought	— 317.1K shares	Q4 2024 Held for 11 months
3 DFCF Dimensional Core Fixed Income DFCF	ETF ETF	$20.7M	9.10%	+$1.4M Bought	— 485.2K shares	Q4 2024 Held for 11 months
4 Dimensional International Core Equity Market DFAI	ETF ETF	$11.3M	4.97%	+$1.1M Bought	— 311.7K shares	Q4 2024 Held for 11 months
5 Vanguard Information Technology VGT	ETF ETF	$10.4M	4.56%	-$817.5K Sold	— 13.9K shares	Q4 2024 Held for 11 months
6 DFGX Dimensional Global ex US Core Fixed Income DFGX	ETF ETF	$9.8M	4.31%	+$1.1M Bought	— 182.3K shares	Q4 2024 Held for 11 months
7 Dimensional U.S. Small Cap DFAS	ETF ETF	$9.0M	3.95%	-$316.9K Sold	— 131.5K shares	Q4 2024 Held for 11 months
8 Vanguard Dividend Appreciation VIG	Unknown Unknown	$5.9M	2.59%	+$91.1K Bought	— 27.4K shares	Q4 2024 Held for 11 months
9 Berkshire Hathaway BRK.B	Insurance - Diversified Financial Services	$5.7M	2.51%	-$57.8K Sold	0.00% 11.4K shares	Q4 2024 Held for 11 months
10 DFAE Dimensional Emerging Core Equity Market DFAE	ETF ETF	$5.4M	2.37%	+$453.1K Bought	— 171.4K shares	Q4 2024 Held for 11 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Vermillion Wealth Management, Inc.'s latest filing

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Market Value

$228.0M

Prior: $209.4M

Q/Q Change

+8.89%

+$18.6M

Net Flows % of MV

+2.7%

Turnover Ratio

2.6%

New Purchases

94 stocks

$543.1K

Added To

193 stocks

+$8.4M

Sold Out Of

14 stocks

$157.4K

Reduced Holdings

58 stocks

-$2.7M

Increased Positions

Position	Shares Δ	Change
1 Iris Energy IREN	New	0 → 1.6K +$73.5K
2 SPDR Bloomberg Emerging Markets Local Bond EBND	New	0 → 2.7K +$57.0K
3 FNDE Schwab Fundamental Emerging Markets Equity FNDE	New	0 → 1.4K +$50.0K
4 AeroVironment AVAV	New	0 → 100.0 +$31.5K
5 iShares Russell Top 200 Growth IWY	New	0 → 114.0 +$31.2K

Decreased Positions

Position	Shares Δ	Change
1 VRNA Verona Pharma VRNA	Sold	700.0 → 0 −$66.2K
2 Cloudflare, Inc. NET	Sold	100.0 → 0 −$19.6K
3 CPER United States Copper Index Fund CPER	Sold	537.0 → 0 −$17.0K
4 Arm Holdings ARM	Sold	100.0 → 0 −$16.2K
5 SpartanNash SPTN	Sold	526.0 → 0 −$13.9K

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Analytics

Portfolio insights and performance metrics for Vermillion Wealth Management, Inc.

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Sector Allocation

ETF

81.80%

Financial Services

3.60%

Technology

3.10%

Healthcare

1.70%

Industrials

1.50%

Consumer Defensive

1.20%

Utilities

1.10%

Consumer Cyclical

0.90%

Communication Services

0.60%

Energy

0.40%

Basic Materials

0.30%

Real Estate

0.10%

Market Cap Distribution

Mega Cap (> $200B)

9.97%

Large Cap ($10B - $200B)

3.99%

Mid Cap ($2B - $10B)

0.50%

Small Cap ($300M - $2B)

0.06%

Micro Cap ($50M - $300M)

0.00%

Nano Cap (< $50M)

0.03%

N/A (ETF or Unknown)

85.45%

Portfolio Concentration

Top 10 Holdings %

65.35%

Top 20 Holdings %

76.71%

Top 50 Holdings %

88.43%

Top 100 Holdings %

94.56%