# TMD & ASSOCIATES, INC

> Institutional holdings reported to the SEC as of Q2 2019 on Form 13F. CIK 1014358. Source: https://holderbook.com/funds/1014358-tmd-associates-inc/

- Reported value: $146.4M
- Positions: 45
- Weight of the ten largest: 71.5%
- Filed: 2019-08-09

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 |
|---|---|---|---|---|---|
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $17.5M | 347,054 | 11.9% | 3 |
| INVESCO ACTIVELY MANAGED EXC | [PHDG](https://holderbook.com/stocks/PHDG/) | $17.3M | 617,074 | 11.8% | 2 |
| SSGA ACTIVE ETF TR | [TOTL](https://holderbook.com/stocks/TOTL/) | $14.3M | 290,845 | 9.7% | 3 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $9.2M | 83,924 | 6.3% | 2 |
| FQF TR | [BTALXXXX](https://holderbook.com/stocks/BTALXXXX/) | $9.1M | 413,337 | 6.2% | 2 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $8.8M | 95,874 | 6.0% | 3 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $8.1M | 130,508 | 5.5% | 3 |
| ETF SER SOLUTIONS | [NETL](https://holderbook.com/stocks/NETL/) | $7.5M | 287,480 | 5.1% | 2 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $7.0M | 69,341 | 4.8% | 2 |
| SPDR SER TR | [SLY](https://holderbook.com/stocks/SLY/) | $5.9M | 87,060 | 4.0% | 3 |
| WISDOMTREE TR | [EZM](https://holderbook.com/stocks/EZM/) | $4.9M | 122,905 | 3.4% | 3 |
| WISDOMTREE TR | [DON](https://holderbook.com/stocks/DON/) | $4.5M | 123,773 | 3.1% | 3 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $4.4M | 36,884 | 3.0% | 3 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $4.0M | 24,372 | 2.7% | 3 |
| GLOBAL X FDS | [BOTZ](https://holderbook.com/stocks/BOTZ/) | $3.9M | 187,050 | 2.7% | 1 |
| ARK ETF TR | [ARKK](https://holderbook.com/stocks/ARKK/) | $3.1M | 65,449 | 2.1% | 1 |
| WISDOMTREE TR | [DWM](https://holderbook.com/stocks/DWM/) | $2.5M | 48,650 | 1.7% | 3 |
| ISHARES INC | [ACWV](https://holderbook.com/stocks/ACWV/) | $2.4M | 25,632 | 1.6% | 3 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $1.8M | 31,360 | 1.2% | 3 |
| SCHWAB STRATEGIC TR | [FNDF](https://holderbook.com/stocks/FNDF/) | $1.6M | 55,880 | 1.1% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.4M | 10,528 | 1.0% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $594.0K | 3,003 | 0.4% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $567.0K | 2,660 | 0.4% | 3 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $447.0K | 5,596 | 0.3% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $440.0K | 407 | 0.3% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $422.0K | 2,431 | 0.3% | 3 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $361.0K | 4,303 | 0.2% | 3 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $357.0K | 3,318 | 0.2% | 3 |
| DOLLAR TREE INC | [DLTR](https://holderbook.com/stocks/DLTR/) | $354.0K | 3,300 | 0.2% | 3 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $346.0K | 1,735 | 0.2% | 3 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $345.0K | 2,480 | 0.2% | 3 |
| CARMAX INC | [KMX](https://holderbook.com/stocks/KMX/) | $325.0K | 3,746 | 0.2% | 3 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $313.0K | 3,728 | 0.2% | 3 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $301.0K | 5,260 | 0.2% | 3 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $255.0K | 544 | 0.2% | 3 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $244.0K | 4,459 | 0.2% | 2 |
| ALLEGHANY CORP DEL | [Y](https://holderbook.com/stocks/Y/) | $232.0K | 341 | 0.2% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $231.0K | 213 | 0.2% | 3 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $224.0K | 607 | 0.2% | 3 |
| CARNIVAL CORP | [CCL](https://holderbook.com/stocks/CCL/) | $220.0K | 4,736 | 0.2% | 3 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $213.0K | 4,503 | 0.1% | 1 |
| SPDR SERIES TRUST | [QUS](https://holderbook.com/stocks/QUS/) | $211.0K | 2,445 | 0.1% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $205.0K | 700 | 0.1% | 1 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $201.0K | 1,215 | 0.1% | 1 |
| ISORAY INC | [CATXXXXX](https://holderbook.com/stocks/CATXXXXX/) | $8.0K | 20,000 | 0.0% | 3 |

## 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 |
|---|---|---|---|---|
| Q2 2019 | +1.9% | +3.7% | -1.8% | 95% |
| Q1 2019 | +10.8% | +13.0% | -2.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2019 | $146.4M | 45 |
| Q1 2019 | $137.6M | 43 |
| Q4 2018 | $126.0M | 40 |