# FCG ADVISORS, LLC

> Institutional holdings reported to the SEC as of Q3 2020 on Form 13F. CIK 1009950. Source: https://holderbook.com/funds/1009950-fcg-advisors-llc/

- Reported value: $425.4M
- Positions: 187
- Weight of the ten largest: 58.3%
- Filed: 2020-11-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $56.4M | 936,133 | 13.3% | 8 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $42.6M | 184,333 | 10.0% | 8 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $41.4M | 319,131 | 9.7% | 8 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $38.7M | 947,420 | 9.1% | 8 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $25.1M | 223,132 | 5.9% | 8 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $11.4M | 34,134 | 2.7% | 8 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $10.6M | 91,533 | 2.5% | 8 |
| J P MORGAN EXCHANGE TRADED F | [JMST](https://holderbook.com/stocks/JMST/) | $8.1M | 159,611 | 1.9% | 2 |
| INVESCO EXCH TRD SLF IDX FD | [BSCM](https://holderbook.com/stocks/BSCM/) | $7.1M | 324,197 | 1.7% | 8 |
| INVESCO EXCH TRD SLF IDX FD | [BSCL](https://holderbook.com/stocks/BSCL/) | $6.4M | 298,447 | 1.5% | 8 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $6.4M | 42,730 | 1.5% | 8 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.0M | 28,484 | 1.4% | 8 |
| INVESCO EXCH TRD SLF IDX FD | [BSCN](https://holderbook.com/stocks/BSCN/) | $6.0M | 274,229 | 1.4% | 8 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $6.0M | 73,065 | 1.4% | 1 |
| INVESCO EXCH TRD SLF IDX FD | [BSCK](https://holderbook.com/stocks/BSCK/) | $5.7M | 267,206 | 1.3% | 8 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $4.5M | 131,303 | 1.1% | 4 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $4.3M | 12,827 | 1.0% | 8 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $4.0M | 75,801 | 0.9% | 5 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $3.5M | 69,818 | 0.8% | 8 |
| INVESCO EXCH TRD SLF IDX FD | [BSJK](https://holderbook.com/stocks/BSJK/) | $3.3M | 141,563 | 0.8% | 8 |
| INVESCO EXCH TRD SLF IDX FD | [BSJM](https://holderbook.com/stocks/BSJM/) | $3.3M | 144,106 | 0.8% | 8 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $3.3M | 51,258 | 0.8% | 8 |
| INVESCO EXCH TRD SLF IDX FD | [BSCO](https://holderbook.com/stocks/BSCO/) | $3.2M | 144,338 | 0.8% | 8 |
| RPM INTL INC | [RPM](https://holderbook.com/stocks/RPM/) | $3.1M | 37,744 | 0.7% | 8 |
| INVESCO EXCH TRD SLF IDX FD | [BSJL](https://holderbook.com/stocks/BSJL/) | $3.0M | 129,876 | 0.7% | 8 |
| BRISTOL-MYERS SQUIBB CO | [BMYRT](https://holderbook.com/stocks/BMYRT/) | $2.8M | 1,250,379 | 0.7% | 4 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.8M | 29,033 | 0.7% | 8 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $2.8M | 23,528 | 0.7% | 8 |
| INVESCO EXCH TRD SLF IDX FD | [BSJN](https://holderbook.com/stocks/BSJN/) | $2.7M | 109,507 | 0.6% | 8 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $2.6M | 16,666 | 0.6% | 8 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $2.5M | 13,529 | 0.6% | 8 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $2.5M | 11,321 | 0.6% | 8 |
| ISHARES TR | [IDV](https://holderbook.com/stocks/IDV/) | $2.4M | 95,593 | 0.6% | 8 |
| INVESCO EXCH TRADED FD TR II | [SPLV](https://holderbook.com/stocks/SPLV/) | $1.9M | 35,045 | 0.4% | 8 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.9M | 11,036 | 0.4% | 8 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.8M | 8,657 | 0.4% | 8 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.8M | 22,153 | 0.4% | 8 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $1.7M | 6,233 | 0.4% | 8 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.6M | 33,363 | 0.4% | 8 |
| QUIDEL CORP | [QDELXXXX](https://holderbook.com/stocks/QDELXXXX/) | $1.6M | 7,394 | 0.4% | 3 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $1.6M | 9,212 | 0.4% | 8 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.6M | 5,715 | 0.4% | 8 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.5M | 5,672 | 0.3% | 8 |
| INVESCO EXCH TRD SLF IDX FD | [BSCP](https://holderbook.com/stocks/BSCP/) | $1.5M | 66,362 | 0.3% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.5M | 469 | 0.3% | 8 |
| FIRST MERCHANTS CORP | [FRME](https://holderbook.com/stocks/FRME/) | $1.4M | 62,251 | 0.3% | 8 |
| VANGUARD ADMIRAL FDS INC | [VOOV](https://holderbook.com/stocks/VOOV/) | $1.4M | 13,151 | 0.3% | 8 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.4M | 970 | 0.3% | 8 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $1.4M | 17,559 | 0.3% | 8 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.4M | 38,484 | 0.3% | 8 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.4M | 40,957 | 0.3% | 8 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $1.4M | 9,151 | 0.3% | 8 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.4M | 3,153 | 0.3% | 5 |
| VANGUARD ADMIRAL FDS INC | [VOOG](https://holderbook.com/stocks/VOOG/) | $1.2M | 5,818 | 0.3% | 8 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.2M | 8,582 | 0.3% | 8 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $1.2M | 6,595 | 0.3% | 8 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $1.1M | 13,097 | 0.3% | 7 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $1.1M | 39,680 | 0.3% | 8 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $1.0M | 14,730 | 0.2% | 1 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $1.0M | 11,101 | 0.2% | 8 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $1.0M | 3,050 | 0.2% | 1 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.0M | 5,403 | 0.2% | 1 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $998.0K | 2,538 | 0.2% | 8 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $964.0K | 11,635 | 0.2% | 8 |
| INVESCO EXCH TRD SLF IDX FD | [BSJO](https://holderbook.com/stocks/BSJO/) | $962.0K | 39,893 | 0.2% | 4 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $871.0K | 14,638 | 0.2% | 8 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $849.0K | 9,623 | 0.2% | 8 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $837.0K | 8,005 | 0.2% | 8 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $829.0K | 5,172 | 0.2% | 8 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $822.0K | 17,759 | 0.2% | 8 |
| DBX ETF TR | [DBEF](https://holderbook.com/stocks/DBEF/) | $802.0K | 26,198 | 0.2% | 1 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $796.0K | 5,730 | 0.2% | 8 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $782.0K | 8,073 | 0.2% | 1 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $749.0K | 2,404 | 0.2% | 8 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $715.0K | 2,576 | 0.2% | 7 |
| PROSHARES TR | [TOLZ](https://holderbook.com/stocks/TOLZ/) | $699.0K | 18,251 | 0.2% | 8 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $694.0K | 13,847 | 0.2% | 1 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $687.0K | 8,278 | 0.2% | 8 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $680.0K | 4,183 | 0.2% | 8 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $648.0K | 12,506 | 0.2% | 8 |
| ASPEN AEROGELS INC | [ASPN](https://holderbook.com/stocks/ASPN/) | $642.0K | 58,586 | 0.2% | 1 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $613.0K | 6,128 | 0.1% | 8 |
| PHATHOM PHARMACEUTICALS INC | [PHAT](https://holderbook.com/stocks/PHAT/) | $598.0K | 16,300 | 0.1% | 3 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $588.0K | 3,756 | 0.1% | 8 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $581.0K | 4,515 | 0.1% | 8 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $574.0K | 14,435 | 0.1% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $568.0K | 1,559 | 0.1% | 1 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $545.0K | 5,164 | 0.1% | 8 |
| BLUEBIRD BIO INC | [BLUEXXXX](https://holderbook.com/stocks/BLUEXXXX/) | $540.0K | 10,000 | 0.1% | 2 |
| PARK NATL CORP | [PRK](https://holderbook.com/stocks/PRK/) | $528.0K | 6,438 | 0.1% | 8 |
| SOUTH JERSEY INDS INC | [SJI](https://holderbook.com/stocks/SJI/) | $525.0K | 27,256 | 0.1% | 6 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $525.0K | 10,402 | 0.1% | 8 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $516.0K | 1,754 | 0.1% | 8 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $512.0K | 12,994 | 0.1% | 8 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $507.0K | 5,832 | 0.1% | 8 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $506.0K | 4,158 | 0.1% | 8 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $503.0K | 13,018 | 0.1% | 8 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $494.0K | 2,967 | 0.1% | 8 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $484.0K | 330 | 0.1% | 8 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $483.0K | 2,180 | 0.1% | 8 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2020 | +5.5% | +8.6% | -3.1% | 100% |
| Q2 2020 | +15.8% | +19.6% | -3.8% | 100% |
| Q1 2020 | -19.2% | -19.9% | +0.8% | 100% |
| Q4 2019 | +7.3% | +8.5% | -1.2% | 92% |
| Q3 2019 | +0.6% | +1.3% | -0.7% | 100% |
| Q2 2019 | +2.3% | +3.7% | -1.4% | 100% |
| Q1 2019 | +12.0% | +13.0% | -1.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2020 | $425.4M | 187 |
| Q2 2020 | $383.4M | 169 |
| Q1 2020 | $350.6M | 159 |
| Q4 2019 | $348.8M | 165 |
| Q3 2019 | $328.0M | 160 |
| Q2 2019 | $316.9M | 158 |
| Q1 2019 | $302.0M | 148 |
| Q4 2018 | $262.2M | 135 |