# LEO BROKERAGE, LLC

> Institutional holdings reported to the SEC as of Q2 2023 on Form 13F. CIK 1146089. Source: https://holderbook.com/funds/1146089-leo-brokerage-llc/

- Reported value: $876.3M
- Positions: 303
- Weight of the ten largest: 51.4%
- Filed: 2023-07-25

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 |
|---|---|---|---|---|---|
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $134.0M | 809,548 | 15.3% | 9 |
| AMERICAN CENTY ETF TR | [AVUS](https://holderbook.com/stocks/AVUS/) | $55.2M | 734,670 | 6.3% | 2 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $52.6M | 673,002 | 6.0% | 9 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $48.8M | 251,471 | 5.6% | 9 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $39.0M | 735,657 | 4.5% | 9 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $34.2M | 262,156 | 3.9% | 9 |
| GOLDMAN SACHS ETF TR | [GSLC](https://holderbook.com/stocks/GSLC/) | $31.6M | 362,802 | 3.6% | 2 |
| AFFIRM HLDGS INC | [AFRM](https://holderbook.com/stocks/AFRM/) | $20.1M | 1,308,111 | 2.3% | 6 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $17.7M | 164,695 | 2.0% | 9 |
| ISHARES U S ETF TR | [LQDH](https://holderbook.com/stocks/LQDH/) | $17.4M | 187,357 | 2.0% | 8 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $14.9M | 154,401 | 1.7% | 3 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $11.5M | 49,773 | 1.3% | 2 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $11.1M | 29,967 | 1.3% | 8 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $10.7M | 213,086 | 1.2% | 8 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $10.4M | 30,430 | 1.2% | 9 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $10.0M | 198,993 | 1.1% | 3 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $9.4M | 129,200 | 1.1% | 9 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $8.3M | 232,514 | 0.9% | 9 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $7.1M | 144,906 | 0.8% | 9 |
| J P MORGAN EXCHANGE TRADED F | [BBJP](https://holderbook.com/stocks/BBJP/) | $6.6M | 128,883 | 0.8% | 4 |
| ISHARES TR | [IVLU](https://holderbook.com/stocks/IVLU/) | $6.6M | 257,771 | 0.7% | 8 |
| ISHARES TR | [IBDO](https://holderbook.com/stocks/IBDO/) | $6.4M | 253,483 | 0.7% | 2 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $6.2M | 38,050 | 0.7% | 9 |
| ISHARES TR | [IXG](https://holderbook.com/stocks/IXG/) | $6.0M | 83,631 | 0.7% | 7 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $5.9M | 20,809 | 0.7% | 9 |
| ISHARES TR | [ICLN](https://holderbook.com/stocks/ICLN/) | $5.5M | 300,562 | 0.6% | 9 |
| WISDOMTREE TR | [QHY](https://holderbook.com/stocks/QHY/) | $5.4M | 122,960 | 0.6% | 2 |
| WISDOMTREE TR | [GCC](https://holderbook.com/stocks/GCC/) | $4.9M | 285,435 | 0.6% | 7 |
| ISHARES INC | [CEMB](https://holderbook.com/stocks/CEMB/) | $4.8M | 111,169 | 0.5% | 8 |
| ISHARES TR | [IBDP](https://holderbook.com/stocks/IBDP/) | $4.4M | 176,993 | 0.5% | 2 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $4.3M | 47,351 | 0.5% | 9 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $3.9M | 34,566 | 0.4% | 2 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $3.7M | 23,108 | 0.4% | 9 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.7M | 30,834 | 0.4% | 9 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $3.7M | 34,263 | 0.4% | 9 |
| INVESCO EXCHANGE TRADED FD T | [SPGP](https://holderbook.com/stocks/SPGP/) | $3.4M | 37,622 | 0.4% | 2 |
| INVESCO EXCHANGE TRADED FD T | [XLG](https://holderbook.com/stocks/XLG/) | $3.4M | 9,636 | 0.4% | 8 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $3.4M | 44,862 | 0.4% | 9 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $3.2M | 7,244 | 0.4% | 4 |
| WISDOMTREE TR | [CXSE](https://holderbook.com/stocks/CXSE/) | $3.2M | 105,120 | 0.4% | 5 |
| ISHARES INC | [LEMB](https://holderbook.com/stocks/LEMB/) | $3.2M | 85,297 | 0.4% | 9 |
| ISHARES TR | [IBDQ](https://holderbook.com/stocks/IBDQ/) | $3.1M | 126,143 | 0.4% | 2 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $3.0M | 22,255 | 0.3% | 9 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $2.9M | 25,872 | 0.3% | 4 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $2.8M | 76,297 | 0.3% | 9 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $2.8M | 54,211 | 0.3% | 9 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $2.7M | 167,117 | 0.3% | 9 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $2.7M | 51,771 | 0.3% | 9 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $2.6M | 9,556 | 0.3% | 2 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $2.6M | 70,496 | 0.3% | 9 |
| INVESCO EXCH TRD SLF IDX FD | [BSCP](https://holderbook.com/stocks/BSCP/) | $2.6M | 128,354 | 0.3% | 2 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $2.6M | 40,230 | 0.3% | 9 |
| ISHARES TR | [IBTD](https://holderbook.com/stocks/IBTD/) | $2.5M | 102,341 | 0.3% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.5M | 18,818 | 0.3% | 9 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $2.5M | 8,801 | 0.3% | 2 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $2.5M | 60,261 | 0.3% | 9 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.5M | 5,644 | 0.3% | 9 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $2.5M | 32,272 | 0.3% | 4 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.4M | 4,468 | 0.3% | 9 |
| ISHARES TR | [IBTF](https://holderbook.com/stocks/IBTF/) | $2.4M | 103,354 | 0.3% | 2 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $2.4M | 5,854 | 0.3% | 9 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $2.4M | 17,097 | 0.3% | 9 |
| ISHARES TR | [IBMN](https://holderbook.com/stocks/IBMN/) | $2.4M | 89,258 | 0.3% | 2 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.3M | 5,541 | 0.3% | 8 |
| ISHARES TR | [IWY](https://holderbook.com/stocks/IWY/) | $2.3M | 14,674 | 0.3% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.3M | 6,779 | 0.3% | 8 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $2.3M | 41,111 | 0.3% | 2 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $2.3M | 22,606 | 0.3% | 4 |
| VANGUARD WORLD FD | [MGC](https://holderbook.com/stocks/MGC/) | $2.3M | 14,417 | 0.3% | 9 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $2.2M | 15,710 | 0.3% | 9 |
| ISHARES TR | [IMCG](https://holderbook.com/stocks/IMCG/) | $2.1M | 33,700 | 0.2% | 9 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.0M | 9,279 | 0.2% | 8 |
| TAKEDA PHARMACEUTICAL CO LTD | [TAK](https://holderbook.com/stocks/TAK/) | $2.0M | 129,870 | 0.2% | 3 |
| INVESCO ACTVELY MNGD ETC FD | [PDBC](https://holderbook.com/stocks/PDBC/) | $2.0M | 148,457 | 0.2% | 8 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $2.0M | 9,608 | 0.2% | 8 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $2.0M | 12,554 | 0.2% | 9 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.0M | 4,207 | 0.2% | 9 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $1.9M | 21,485 | 0.2% | 9 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.9M | 6,142 | 0.2% | 9 |
| INVESCO EXCH TRD SLF IDX FD | [BSMP](https://holderbook.com/stocks/BSMP/) | $1.9M | 78,313 | 0.2% | 2 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.9M | 12,491 | 0.2% | 9 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $1.9M | 19,055 | 0.2% | 2 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $1.9M | 21,075 | 0.2% | 6 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.8M | 14,969 | 0.2% | 9 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $1.8M | 17,485 | 0.2% | 1 |
| ISHARES TR | [IBTE](https://holderbook.com/stocks/IBTE/) | $1.8M | 74,722 | 0.2% | 2 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $1.8M | 21,302 | 0.2% | 9 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.7M | 6,647 | 0.2% | 2 |
| INVESCO EXCH TRD SLF IDX FD | [BSMO](https://holderbook.com/stocks/BSMO/) | $1.6M | 63,660 | 0.2% | 2 |
| ISHARES TR | [IBDR](https://holderbook.com/stocks/IBDR/) | $1.5M | 65,694 | 0.2% | 2 |
| WISDOMTREE TR | [XSOE](https://holderbook.com/stocks/XSOE/) | $1.5M | 53,693 | 0.2% | 2 |
| NATIONAL GRID PLC | [NGG](https://holderbook.com/stocks/NGG/) | $1.5M | 21,985 | 0.2% | 2 |
| ORANGE | [ORANY](https://holderbook.com/stocks/ORANY/) | $1.4M | 123,355 | 0.2% | 2 |
| INVESCO VALUE MUN INCOME TR | [IIM](https://holderbook.com/stocks/IIM/) | $1.4M | 121,143 | 0.2% | 2 |
| BLACKROCK MUNI INCOME TR II | [BLE](https://holderbook.com/stocks/BLE/) | $1.4M | 137,369 | 0.2% | 2 |
| ISHARES TR | [IBMM](https://holderbook.com/stocks/IBMM/) | $1.4M | 54,574 | 0.2% | 2 |
| INVESCO TR INVT GRADE MUNS | [VGM](https://holderbook.com/stocks/VGM/) | $1.4M | 144,620 | 0.2% | 2 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.4M | 27,031 | 0.2% | 9 |
| NUVEEN QUALITY MUNCP INCOME | [NAD](https://holderbook.com/stocks/NAD/) | $1.4M | 123,301 | 0.2% | 2 |
| CARLYLE GROUP INC | [CG](https://holderbook.com/stocks/CG/) | $1.4M | 43,386 | 0.2% | 1 |

## 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 2023 | +5.2% | +8.3% | -3.1% | 98% |
| Q3 2022 | -5.6% | -5.3% | -0.3% | 100% |
| Q2 2022 | -16.3% | -16.5% | +0.2% | 100% |
| Q4 2021 | +2.0% | +10.7% | -8.7% | 100% |
| Q3 2021 | +9.4% | +0.3% | +9.1% | 100% |
| Q2 2021 | +5.8% | +8.0% | -2.2% | 100% |
| Q1 2021 | +3.6% | +6.0% | -2.4% | 99% |
| Q4 2020 | +10.5% | +11.6% | -1.2% | 104% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2023 | $876.3M | 303 |
| Q1 2023 | $670.0M | 298 |
| Q2 2022 | $371.3M | 174 |
| Q1 2022 | $627.9M | 244 |
| Q3 2021 | $540.2M | 184 |
| Q2 2021 | $497.8M | 188 |
| Q1 2021 | $352.6M | 179 |
| Q4 2020 | $310.3M | 173 |
| Q3 2020 | $242.1M | 124 |