Portfolio (Quarterly) Guide ↗

Ervin Investment Management, LLC

· CIK 0001907802

13F Portfolio $184M AUM 47 positions Filed Jul 14, 2026 EDGAR ↗ ← All Funds

Q2 2026 Q1 2026 · All 3 New 13 Added 19 Reduced 3 Exited

#	Ticker	Company	Sector	Shares	Value ↓	% Port	Chg Shares	Chg %	Period Price ①	Since Period ①
1	SPTM	SPDR SERIES TRUST	—	168,556.0	$15.3M	8.31%	+3K	+1.7%	$90.79	+2.7%
2	MSFT	MICROSOFT CORP	Technology	33,354.0	$12.4M	6.76%	+234.0	+0.7%	$373.02	+37.7%
3	VBR	VANGUARD INDEX FDS	—	28,553.0	$6.9M	3.77%	+1K	+4.3%	$242.99	+1.6%
4	SPDW	SPDR INDEX SHS FDS	—	120,510.0	$6.1M	3.30%	+6K	+5.6%	$50.39	+2.9%
5	SGOL	ETFS GOLD TR	Financial Services	153,105.0	$5.9M	3.18%	+9K	+6.0%	$38.23	+11.0%
6	MKL	MARKEL GROUP INC	Financial Services	2,711.0	$5.3M	2.88%	+76.0	+2.9%	$1952.77	-6.9%
7	SPEM	SPDR INDEX SHS FDS	—	93,634.0	$4.8M	2.63%	+5K	+5.9%	$51.78	+1.9%
8	JEF	JEFFERIES FINANCIAL GROUP IN	Financial Services	92,178.0	$4.6M	2.50%	+2K	+2.1%	$49.98	+6.2%
9	ESGV	VANGUARD WORLD FD	—	13,688.0	$1.8M	0.98%	+860.0	+6.7%	$132.24	+3.3%
10	ITOT	ISHARES TR	—	7,671.0	$1.3M	0.69%	+188.0	+2.5%	$164.27	+2.6%
11	AMZN	AMAZON COM INC	Consumer Cyclical	2,436.0	$581K	0.32%	+170.0	+7.5%	$238.34	+11.8%
12	VSGX	VANGUARD WORLD FD	—	4,528.0	$373K	0.20%	+300.0	+7.1%	$82.34	+1.3%
13	CB	CHUBB LIMITED	Financial Services	875.0	$298K	0.16%	+205.0	+30.6%	$340.74	-0.2%

① Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation

Financial Services 36.8%

Technology 34.7%

Communication Services 10.0%

Consumer Cyclical 9.9%

Energy 3.1%

Consumer Defensive 2.4%

Industrials 1.8%

Utilities 0.6%

Basic Materials 0.5%

Healthcare 0.2%