XML Financial, LLC

RIA/Wealth

XML Financial, LLC is a RIA/Wealth based in Bethesda, MD led by Brett Shane Bernstein, reporting $3.0B in AUM as of Q3 2025 with 55% ETF concentration.

CEOBrett Shane Bernstein

Portfolio Value: $1.2B
Positions: 391
Top Holding: SCHG at 4.13%
Last Reported: Q3 2025

Address6901 Rockledge Drive, Suite 730, Bethesda, MD, 20817, United States

Top Holdings

Largest long holdings in XML Financial, LLC's portfolio (26.5% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Schwab U.S. Large-Cap Growth SCHG	ETF ETF	$50.7M	4.13%	-$233.2K Sold	— 1.6M shares	Q4 2019 Held for 5y 11m
2 iShares Russell 1000 Growth IWF	ETF ETF	$38.0M	3.09%	-$18.3K Sold	— 81.1K shares	Q4 2019 Held for 5y 11m
3 Schwab U.S. Large-Cap Value SCHV	ETF ETF	$35.5M	2.89%	+$461.5K Bought	— 1.2M shares	Q4 2019 Held for 5y 11m
4 iShares Core Dividend Growth DGRO	ETF ETF	$34.6M	2.82%	+$257.1K Bought	— 508.2K shares	Q1 2020 Held for 5y 8m
5 Microsoft MSFT	Software - Infrastructure Technology	$31.3M	2.55%	-$297.8K Sold	0.00% 60.5K shares	Q4 2019 Held for 5y 11m
6 Apple AAPL	Consumer Electronics Technology	$31.0M	2.53%	-$259.0K Sold	0.00% 121.9K shares	Q4 2019 Held for 5y 11m
7 iShares Russell 1000 IWB	ETF ETF	$30.9M	2.51%	-$261.0K Sold	— 84.5K shares	Q4 2019 Held for 5y 11m
8 Vanguard Information Technology VGT	ETF ETF	$27.3M	2.22%	+$270.3K Bought	— 36.6K shares	Q1 2020 Held for 5y 8m
9 iShares Russell Mid-Cap ETF IWR	ETF ETF	$23.6M	1.92%	-$549.8K Sold	— 244.8K shares	Q4 2019 Held for 5y 11m
10 iShares Core S&P 500 ETF IVV	ETF ETF	$22.8M	1.85%	+$145.9K Bought	— 34.0K shares	Q4 2019 Held for 5y 11m

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Changes

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

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Market Value

$1.2B

Prior: $1.2B

Q/Q Change

+6.61%

+$76.1M

Net Flows % of MV

-1.65%

Turnover Ratio

4.9%

New Purchases

25 stocks

$12.5M

Added To

138 stocks

+$29.5M

Sold Out Of

15 stocks

$24.9M

Reduced Holdings

158 stocks

-$37.5M

Increased Positions

Position	Shares Δ	Change
1 Global X S&P 500 Quality Dividend QDIV	New	0 → 156.8K +$5.5M
2 Opendoor Technologies Inc OPEN	New	0 → 175.0K +$1.4M
3 Credo Technology Group Holding Ltd CRDO	New	0 → 2.4K +$342.2K
4 FUTU Futu Holdings Limited FUTU	New	0 → 1.8K +$320.0K
5 FETH Fidelity Ethereum Fund FETH	New	0 → 7.3K +$301.2K

Decreased Positions

Position	Shares Δ	Change
1 Vanguard Total Bond Market BND	Sold	293.2K → 0 −$21.6M
2 MicroStrategy MSTR	Sold	1.5K → 0 −$610.4K
3 Wynn Resorts WYNN	Sold	6.3K → 0 −$592.0K
4 ServiceNow NOW	Sold	236.0 → 0 −$242.6K
5 Whirlpool WHR	Sold	2.2K → 0 −$224.6K

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Analytics

Portfolio insights and performance metrics for XML Financial, LLC

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Sector Allocation

ETF

55.40%

Technology

11.00%

Financial Services

6.30%

Industrials

5.10%

Healthcare

4.20%

Communication Services

2.70%

Energy

2.50%

Consumer Cyclical

2.40%

Consumer Defensive

1.50%

Real Estate

1.40%

Utilities

0.80%

Basic Materials

0.60%

Market Cap Distribution

Mega Cap (> $200B)

21.76%

Large Cap ($10B - $200B)

14.73%

Mid Cap ($2B - $10B)

0.92%

Small Cap ($300M - $2B)

0.65%

Micro Cap ($50M - $300M)

0.02%

Nano Cap (< $50M)

0.40%

N/A (ETF or Unknown)

61.52%

Portfolio Concentration

Top 10 Holdings %

26.52%

Top 20 Holdings %

40.16%

Top 50 Holdings %

63.95%

Top 100 Holdings %

81.6%