Rehmann Capital Advisory Group Portfolio Shifts in Q2 2026

Rehmann Capital Advisory Group's portfolio has undergone notable changes during the quarter ending June 30, 2026, reflecting strategic adjustments in their investment approach. The firm manages a substantial portfolio valued at $2.15 billion, diversified across various sectors and holding numerous Exchange-Traded Funds (ETFs).

Significant Purchases This Quarter

The investor demonstrated strong buying activity during this period, adding significant weight to several holdings:

• USMV, the iShares Core U.S. Aggregate Bond ETF, saw its position increase by $17.3 million (or -21.65% in shares), boosting its portfolio allocation to 1.14%. This suggests a potential tactical move towards fixed income protection.
• DFAS, Dimensional Fund Advisors ETF Trust (DFAS), experienced an enormous increase of $20.5 million, representing a staggering +301.18% change in shares over the quarter. This is highlighted as one of their significant buys.
• VUG, Vanguard U.S. Growth ETF, added $8.9 million worth of holdings (or +510.76% in shares), also noted as a significant purchase.
• IWF, iShares Core MSCI EAFE ETF, increased by $2.3 million (or +300.02% in shares), another significant addition.
• Additionally, they invested in other notable funds like HDV, iShares Core Horizon Bond ETF ($173k increase), and the Vanguard Health Care ETF (VGT) which gained $6.2 million (or +711.77% in shares).
• They also added a small position to the Vanguard Short-Term Bond ETF (BND) worth $69k, though this was relatively minor compared to their other buys.

Major Sales and Exits This Quarter

In contrast to the buying activity, Rehmann Capital Advisory Group also divested substantial portions of some holdings:

• Their most significant sale was from FIDELITY COVINGTON TRUST (FREL), which accounted for a -79.98% change in shares and resulted in the complete exit of this position valued at $1.4 million.
• The Vanguard Short-Term Bond ETF (BND) also saw a major reduction, with an -81.61% change in shares and the position decreasing by $42k.
• They sold out another holding completely: PIMCO ETF TR (MUNI) (MUNI) with a -16.52% change in shares and the position worth $0.7 million.
• Other notable exits include SHV (which is not listed but mentioned as sold) and RRX, though specific details for these are absent from the provided data.

Their actions this quarter clearly involved both inflows into certain ETFs like USMV, DFAS, VUG, IWF, HDV, and Vanguard Bond funds (BND, BIL, MUNI), and outflows from others such as FREL and the Vanguard Munis. This pattern of buying and selling is consistent with their overall investment strategy.

Focus on Large-Cap ETFs

A significant portion of Rehmann's portfolio continues to be concentrated in large-cap focused Exchange-Traded Funds, including:

• ISHARES TR (IVW) - Core S&P Small Cap Growth Index fund
• ISHARES TR (IVE) - Core S&P Mid Cap Value Index fund
• IWF - MSCI EAFE index (International developed markets)
• USMV - Core Bond fund

Their portfolio structure indicates a preference for broad-based, institutional-quality ETFs rather than individual stocks outside of their few direct holdings like HNI Corp.