WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC
Q2 2023 Form 13-F
NORFOLK, VIRGINIA
CIK 0001007399
· CRD 106060
· Exempt reporting adviser
$3.0B Reported Value Total
WILBANKS, SMITH & THOMAS ASSET MANAGEMENT, LLC reports 5,210 total accounts under management (AUM). There are 5,179 discretionary accounts valued at $4,710,242,994, and 31 non-discretionary accounts valued at $44,293,571.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
3 funds
· $22.0M gross asset value
Other: $22.0M
Source: Form ADV filed 2026-10-02
Reported value
$3.0B
Quarter over quarter
+4.7%
Holdings
512
Top-10 concentration
35.0%
Key People
Form ADV owners & control persons
Wayne Freeman Wilbanks
MEMBER
Ashlin Thomas Wilbanks
MEMBER
Lawrence Albert Bernert
V.PRESIDENT/PRINCIPAL/PORTFOLIO MANAGER
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
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Q2 2023 13F record
Q2 2023 13F filing summary
| Period of report | June 30, 2023 |
|---|---|
| Filed | August 08, 2023 |
| Form | 13F-HR |
| Reported value | $3.0B |
| Positions | 512 |
| Change in reported value | +5.2% |
| New positions | 33 |
| Exited positions | 26 |
| Position turnover | 11.0% |
| Top-10 concentration | 35.0% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q1 2024 13F
Filed May 7, 2024
|
527 | $3.6B |
|
Q4 2023 13F
Filed Feb 6, 2024
|
517 | $3.3B |
|
Q3 2023 13F
Filed Nov 6, 2023
|
493 | $2.9B |
|
Q2 2023 13F
Filed Aug 8, 2023
|
512 | $3.0B |
|
Q1 2023 13F
Filed May 5, 2023
|
505 | $2.9B |
|
Q4 2022 13F
Filed Feb 14, 2023
|
495 | $2.6B |
|
Q3 2022 13F
Filed Oct 31, 2022
|
467 | $2.3B |
|
Q2 2022 13F
Filed Aug 3, 2022
|
479 | $2.4B |
|
Q1 2022 13F
Filed May 5, 2022
|
500 | $2.5B |
|
Q4 2021 13F
Filed Feb 8, 2022
|
508 | $2.9B |
|
Q3 2021 13F
Filed Nov 4, 2021
|
503 | $2.5B |
|
Q2 2021 13F
Filed Aug 4, 2021
|
491 | $2.6B |
|
Q1 2021 13F
Filed May 11, 2021
|
468 | $2.3B |
|
Q4 2020 13F
Filed Feb 12, 2021
|
435 | $2.1B |
|
Q3 2020 13F
Filed Nov 12, 2020
|
390 | $1.8B |
|
Q2 2020 13F
Filed Jul 31, 2020
|
388 | $1.6B |
|
Q1 2020 13F
Filed May 6, 2020
|
365 | $1.3B |
|
Q4 2019 13F
Filed Feb 13, 2020
|
417 | $1.7B |
|
Q3 2019 13F
Filed Nov 6, 2019
|
423 | $1.6B |
|
Q2 2019 13F
Filed Aug 7, 2019
|
413 | $1.6B |
24 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q2 2023
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | VOO VANGUARD INDEX FDS | $251.7M | 8.31% |
| 2 | IVV ISHARES TR | $162.2M | 5.36% |
| 3 | IWF ISHARES TR | $150.3M | 4.96% |
| 4 | SPDW SPDR INDEX SHS FDS | $85.7M | 2.83% |
| 5 | VTV VANGUARD INDEX FDS | $81.1M | 2.68% |
| 6 | AAPL APPLE INC | $72.7M | 2.4% |
| 7 | VO VANGUARD INDEX FDS | $70.0M | 2.31% |
| 8 | NSC NORFOLK SOUTHN CORP | $69.3M | 2.29% |
| 9 | GOVT ISHARES TR | $61.9M | 2.04% |
| 10 | XLG INVESCO EXCHANGE TRADED FD T | $55.3M | 1.83% |
| 11 | IWR ISHARES TR | $54.4M | 1.8% |
| 12 | ANGL VANECK ETF TRUST | $53.0M | 1.75% |
| 13 | MSFT MICROSOFT CORP | $50.5M | 1.67% |
| 14 | VB VANGUARD INDEX FDS | $49.1M | 1.62% |
| 15 | SJNK SPDR SER TR | $43.1M | 1.42% |
| 16 | SHYG ISHARES TR | $42.8M | 1.41% |
| 17 | DLN WISDOMTREE TR | $39.6M | 1.31% |
| 18 | IEFA ISHARES TR | $39.1M | 1.29% |
| 19 | EFA ISHARES TR | $38.4M | 1.27% |
| 20 | QUAL ISHARES TR | $37.0M | 1.22% |
Values as reported on the Q2 2023 Form 13F. Every position is in the holdings table below.