# Capital Directions Investment Advisors, LLC

> Institutional holdings reported to the SEC as of Q4 2022 on Form 13F. CIK 1427684. Source: https://holderbook.com/funds/1427684-capital-directions-investment-advisors-llc/

- Reported value: $268.0M
- Positions: 237
- Weight of the ten largest: 76.4%
- Filed: 2023-02-01

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 |
|---|---|---|---|---|---|
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $61.5M | 1,212,962 | 22.9% | 7 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $25.1M | 144,222 | 9.4% | 7 |
| SPDR SERIES TRUST | [SLYG](https://holderbook.com/stocks/SLYG/) | $22.4M | 309,403 | 8.3% | 7 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $20.9M | 198,130 | 7.8% | 7 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $20.7M | 302,999 | 7.7% | 7 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $14.5M | 220,624 | 5.4% | 7 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $14.4M | 65,125 | 5.4% | 7 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $11.6M | 83,623 | 4.3% | 7 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $7.4M | 38,636 | 2.8% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $6.3M | 125,961 | 2.4% | 6 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $5.8M | 38,130 | 2.2% | 7 |
| ISHARES TR | [SCZ](https://holderbook.com/stocks/SCZ/) | $5.5M | 97,988 | 2.1% | 7 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $5.5M | 25,702 | 2.1% | 7 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $4.6M | 21,337 | 1.7% | 7 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $2.9M | 62,589 | 1.1% | 7 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $2.6M | 67,466 | 1.0% | 7 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.9M | 4,931 | 0.7% | 7 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $1.9M | 22,447 | 0.7% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VNQI](https://holderbook.com/stocks/VNQI/) | $1.8M | 43,231 | 0.7% | 7 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.6M | 4,283 | 0.6% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.5M | 6,163 | 0.6% | 7 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.4M | 23,306 | 0.5% | 7 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $981.0K | 6,989 | 0.4% | 7 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $944.8K | 6,513 | 0.4% | 7 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $876.0K | 4,959 | 0.3% | 2 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $866.3K | 17,504 | 0.3% | 4 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $845.6K | 2,677 | 0.3% | 7 |
| ISHARES TR | [IBMM](https://holderbook.com/stocks/IBMM/) | $728.4K | 28,286 | 0.3% | 7 |
| ISHARES TR | [IBML](https://holderbook.com/stocks/IBML/) | $727.1K | 28,681 | 0.3% | 7 |
| BROWN & BROWN INC | [BRO](https://holderbook.com/stocks/BRO/) | $726.4K | 12,750 | 0.3% | 7 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $721.8K | 3,474 | 0.3% | 7 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $718.2K | 8,707 | 0.3% | 7 |
| SPDR SERIES TRUST | [RWR](https://holderbook.com/stocks/RWR/) | $717.3K | 8,231 | 0.3% | 7 |
| ISHARES TR | [IBMN](https://holderbook.com/stocks/IBMN/) | $708.2K | 26,855 | 0.3% | 7 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $671.8K | 5,370 | 0.3% | 7 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $595.5K | 5,653 | 0.2% | 7 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $504.0K | 2,473 | 0.2% | 7 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $431.9K | 5,744 | 0.2% | 4 |
| INVESCO EXCH TRD SLF IDX FD | [BSCN](https://holderbook.com/stocks/BSCN/) | $415.9K | 19,822 | 0.2% | 2 |
| INVESCO EXCH TRD SLF IDX FD | [BSCO](https://holderbook.com/stocks/BSCO/) | $405.8K | 19,809 | 0.2% | 2 |
| WISDOMTREE TR | [DON](https://holderbook.com/stocks/DON/) | $370.3K | 9,000 | 0.1% | 5 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $365.6K | 4,311 | 0.1% | 7 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $364.2K | 3,302 | 0.1% | 7 |
| WISDOMTREE TR | [DHS](https://holderbook.com/stocks/DHS/) | $344.2K | 4,000 | 0.1% | 5 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $334.4K | 1,860 | 0.1% | 5 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $326.5K | 4,945 | 0.1% | 7 |
| INVESCO EXCH TRD SLF IDX FD | [BSCP](https://holderbook.com/stocks/BSCP/) | $316.4K | 15,708 | 0.1% | 2 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $309.6K | 5,572 | 0.1% | 7 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $308.6K | 3,636 | 0.1% | 7 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $289.3K | 3,260 | 0.1% | 7 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $275.8K | 754 | 0.1% | 4 |
| INVESCO EXCH TRD SLF IDX FD | [BSCQ](https://holderbook.com/stocks/BSCQ/) | $263.5K | 13,922 | 0.1% | 7 |
| INVESCO EXCH TRADED FD TR II | [TBLL](https://holderbook.com/stocks/TBLL/) | $263.5K | 2,501 | 0.1% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $233.1K | 2,642 | 0.1% | 2 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $232.3K | 8,789 | 0.1% | 7 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $222.3K | 928 | 0.1% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $217.4K | 410 | 0.1% | 7 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $213.4K | 2,200 | 0.1% | 7 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $209.4K | 596 | 0.1% | 2 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $204.4K | 4,528 | 0.1% | 7 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $203.8K | 1,342 | 0.1% | 7 |
| SPDR SERIES TRUST | [SHM](https://holderbook.com/stocks/SHM/) | $193.5K | 4,118 | 0.1% | 4 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $193.0K | 798 | 0.1% | 7 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $186.0K | 873 | 0.1% | 7 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $185.0K | 336 | 0.1% | 7 |
| ISHARES TR | [IYY](https://holderbook.com/stocks/IYY/) | $164.1K | 1,756 | 0.1% | 2 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $159.9K | 3,809 | 0.1% | 7 |
| INVESCO EXCHANGE TRADED FD T | [XLG](https://holderbook.com/stocks/XLG/) | $142.7K | 517 | 0.1% | 2 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $122.9K | 1,822 | 0.0% | 7 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $116.0K | 1,768 | 0.0% | 4 |
| SSGA ACTIVE ETF TR | [SRLN](https://holderbook.com/stocks/SRLN/) | $110.1K | 2,693 | 0.0% | 4 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $109.1K | 1,464 | 0.0% | 4 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $108.3K | 1,852 | 0.0% | 1 |
| COUSINS PPTYS INC | [CUZ](https://holderbook.com/stocks/CUZ/) | $106.5K | 4,213 | 0.0% | 1 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $105.3K | 752 | 0.0% | 1 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $104.3K | 1,102 | 0.0% | 4 |
| BLACK STONE MINERALS L P | [BSM](https://holderbook.com/stocks/BSM/) | $101.0K | 5,984 | 0.0% | 7 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $99.7K | 497 | 0.0% | 4 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $99.1K | 2,446 | 0.0% | 4 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $93.8K | 2,913 | 0.0% | 4 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $90.8K | 1,944 | 0.0% | 4 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $89.8K | 844 | 0.0% | 4 |
| SPDR INDEX SHS FDS | [GNR](https://holderbook.com/stocks/GNR/) | $88.6K | 1,554 | 0.0% | 4 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $87.9K | 1,444 | 0.0% | 4 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $87.2K | 1,170 | 0.0% | 5 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $85.0K | 720 | 0.0% | 4 |
| NISOURCE INC | [NI](https://holderbook.com/stocks/NI/) | $82.3K | 3,000 | 0.0% | 4 |
| VANGUARD ADMIRAL FDS INC | [IVOO](https://holderbook.com/stocks/IVOO/) | $81.0K | 495 | 0.0% | 4 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $80.0K | 143 | 0.0% | 2 |
| WISDOMTREE TR | [DES](https://holderbook.com/stocks/DES/) | $79.5K | 2,796 | 0.0% | 4 |
| PRINCIPAL FINANCIAL GROUP IN | [PFG](https://holderbook.com/stocks/PFG/) | $79.5K | 947 | 0.0% | 1 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $79.2K | 760 | 0.0% | 7 |
| SPDR INDEX SHS FDS | [GWX](https://holderbook.com/stocks/GWX/) | $78.9K | 2,683 | 0.0% | 4 |
| SCHWAB STRATEGIC TR | [SCHC](https://holderbook.com/stocks/SCHC/) | $78.5K | 2,496 | 0.0% | 7 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $78.2K | 1,336 | 0.0% | 4 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $78.1K | 795 | 0.0% | 4 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $77.3K | 1,027 | 0.0% | 4 |
| V F CORP | [VFC](https://holderbook.com/stocks/VFC/) | $75.0K | 2,716 | 0.0% | 4 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $74.3K | 282 | 0.0% | 4 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $73.0K | 800 | 0.0% | 4 |

## 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 2022 | -5.0% | -5.3% | +0.3% | 99% |
| Q2 2022 | -16.7% | -16.5% | -0.3% | 99% |
| Q1 2022 | -7.4% | -4.9% | -2.5% | 100% |
| Q4 2021 | +6.6% | +10.7% | -4.1% | 98% |
| Q3 2021 | -1.1% | +0.3% | -1.4% | 98% |
| Q1 2021 | +6.5% | +6.0% | +0.5% | 98% |
| Q4 2020 | +16.5% | +11.6% | +4.9% | 98% |
| Q3 2020 | +7.2% | +8.6% | -1.4% | 97% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2022 | $268.0M | 237 |
| Q3 2022 | $260.7M | 211 |
| Q2 2022 | $301.2M | 247 |
| Q1 2022 | $329.4M | 265 |
| Q4 2021 | $345.9M | 69 |
| Q3 2021 | $327.2M | 256 |
| Q2 2021 | $332.9M | 229 |
| Q1 2021 | $306.0M | 196 |
| Q4 2020 | $298.6M | 190 |
| Q3 2020 | $264.3M | 198 |
| Q2 2020 | $248.7M | 206 |
| Q1 2020 | $234.0M | 230 |