# DFPG INVESTMENTS, LLC

> Institutional holdings reported to the SEC as of Q4 2023 on Form 13F. CIK 1504665. Source: https://holderbook.com/funds/1504665-dfpg-investments-llc/

- Reported value: $1.3B
- Positions: 621
- Weight of the ten largest: 20.8%
- Filed: 2024-01-10

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $51.0M | 276,659 | 4.0% | 21 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $38.6M | 81,195 | 3.0% | 17 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $29.9M | 80,603 | 2.3% | 21 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $29.9M | 201,055 | 2.3% | 21 |
| ISHARES TR | [INDA](https://holderbook.com/stocks/INDA/) | $23.3M | 479,979 | 1.8% | 3 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $22.2M | 47,041 | 1.7% | 17 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $21.4M | 291,289 | 1.7% | 19 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $17.9M | 132,272 | 1.4% | 11 |
| INVESCO EXCH TRADED FD TR II | [BKLN](https://holderbook.com/stocks/BKLN/) | $16.5M | 778,541 | 1.3% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $16.4M | 47,576 | 1.3% | 21 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $15.9M | 161,634 | 1.2% | 7 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $15.8M | 24,499 | 1.2% | 19 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $15.6M | 111,953 | 1.2% | 21 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $14.9M | 320,373 | 1.2% | 6 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $13.4M | 155,542 | 1.0% | 15 |
| SPDR SERIES TRUST | [XOP](https://holderbook.com/stocks/XOP/) | $13.2M | 94,970 | 1.0% | 2 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $13.2M | 33,105 | 1.0% | 21 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $13.0M | 194,056 | 1.0% | 4 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $13.0M | 204,552 | 1.0% | 6 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $12.8M | 91,324 | 1.0% | 21 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $12.8M | 27,223 | 1.0% | 21 |
| BNY MELLON ETF TRUST | [BKMC](https://holderbook.com/stocks/BKMC/) | $12.7M | 144,577 | 1.0% | 2 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $12.5M | 373,469 | 1.0% | 21 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $10.8M | 766,893 | 0.8% | 12 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $10.6M | 174,472 | 0.8% | 17 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $9.3M | 48,248 | 0.7% | 19 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $9.1M | 56,363 | 0.7% | 21 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $8.8M | 51,506 | 0.7% | 21 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $8.4M | 29,488 | 0.7% | 5 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $8.2M | 31,972 | 0.6% | 20 |
| ISHARES TR | [IUSB](https://holderbook.com/stocks/IUSB/) | $8.1M | 177,413 | 0.6% | 4 |
| OP BANCORP | [OPBK](https://holderbook.com/stocks/OPBK/) | $7.6M | 707,500 | 0.6% | 1 |
| BILL HOLDINGS INC | [BILL](https://holderbook.com/stocks/BILL/) | $7.4M | 100,031 | 0.6% | 5 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $7.3M | 16,912 | 0.6% | 21 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $7.1M | 88,166 | 0.6% | 5 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $6.8M | 29,292 | 0.5% | 21 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $6.8M | 166,847 | 0.5% | 5 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $6.8M | 130,737 | 0.5% | 2 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $6.6M | 163,720 | 0.5% | 5 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $6.5M | 42,787 | 0.5% | 21 |
| HEALTHEQUITY INC | [HQY](https://holderbook.com/stocks/HQY/) | $6.5M | 96,102 | 0.5% | 16 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $6.3M | 26,340 | 0.5% | 15 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $6.0M | 13,108 | 0.5% | 14 |
| ISHARES TR | [ITA](https://holderbook.com/stocks/ITA/) | $5.9M | 48,072 | 0.5% | 6 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $5.9M | 5,575 | 0.5% | 21 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $5.8M | 30,679 | 0.5% | 6 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $5.8M | 10,656 | 0.5% | 13 |
| BLUE OWL CAPITAL INC | [OWL](https://holderbook.com/stocks/OWL/) | $5.7M | 391,221 | 0.4% | 9 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $5.6M | 51,794 | 0.4% | 5 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $5.6M | 40,624 | 0.4% | 16 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $5.6M | 142,497 | 0.4% | 10 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $5.6M | 58,247 | 0.4% | 11 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $5.5M | 29,902 | 0.4% | 14 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $5.5M | 67,088 | 0.4% | 8 |
| ISHARES INC | [EWZ](https://holderbook.com/stocks/EWZ/) | $5.3M | 153,244 | 0.4% | 1 |
| SPROTT FDS TR | [URNM](https://holderbook.com/stocks/URNM/) | $5.2M | 111,257 | 0.4% | 4 |
| VALARIS LTD | [VAL](https://holderbook.com/stocks/VAL/) | $5.2M | 75,536 | 0.4% | 1 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $5.2M | 20,561 | 0.4% | 15 |
| ISHARES U S ETF TR | [HYGH](https://holderbook.com/stocks/HYGH/) | $5.2M | 61,690 | 0.4% | 4 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $5.1M | 38,201 | 0.4% | 12 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $5.1M | 53,272 | 0.4% | 5 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $5.1M | 100,551 | 0.4% | 21 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $5.0M | 31,219 | 0.4% | 13 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $5.0M | 8,711 | 0.4% | 16 |
| GLOBAL X FDS | [URA](https://holderbook.com/stocks/URA/) | $4.9M | 182,027 | 0.4% | 4 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $4.8M | 48,697 | 0.4% | 6 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $4.7M | 13,875 | 0.4% | 12 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $4.6M | 91,153 | 0.4% | 5 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $4.6M | 44,265 | 0.4% | 16 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $4.5M | 57,462 | 0.4% | 5 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $4.4M | 53,045 | 0.3% | 5 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $4.4M | 10,462 | 0.3% | 21 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $4.4M | 42,042 | 0.3% | 5 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $4.3M | 111,400 | 0.3% | 11 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $4.3M | 6,302 | 0.3% | 6 |
| GLOBAL X FDS | [QYLD](https://holderbook.com/stocks/QYLD/) | $4.3M | 248,180 | 0.3% | 5 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $4.2M | 29,161 | 0.3% | 4 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $4.2M | 124,406 | 0.3% | 5 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $4.1M | 37,126 | 0.3% | 21 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $4.1M | 79,600 | 0.3% | 5 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $4.1M | 26,309 | 0.3% | 21 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $4.0M | 25,270 | 0.3% | 5 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $3.9M | 22,600 | 0.3% | 21 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $3.9M | 13,190 | 0.3% | 5 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $3.8M | 59,502 | 0.3% | 5 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $3.8M | 23,523 | 0.3% | 10 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $3.8M | 6,088 | 0.3% | 21 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $3.7M | 30,322 | 0.3% | 18 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $3.7M | 24,892 | 0.3% | 5 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $3.6M | 27,284 | 0.3% | 10 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $3.6M | 60,542 | 0.3% | 9 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $3.6M | 32,171 | 0.3% | 4 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $3.5M | 38,723 | 0.3% | 21 |
| SPDR SERIES TRUST | [SPHY](https://holderbook.com/stocks/SPHY/) | $3.5M | 151,061 | 0.3% | 4 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $3.5M | 9,187 | 0.3% | 14 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $3.5M | 152,129 | 0.3% | 5 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $3.4M | 24,387 | 0.3% | 21 |
| ESSEX PPTY TR INC | [ESS](https://holderbook.com/stocks/ESS/) | $3.3M | 13,775 | 0.3% | 5 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $3.3M | 10,859 | 0.3% | 6 |
| AFFIRM HLDGS INC | [AFRM](https://holderbook.com/stocks/AFRM/) | $3.3M | 75,010 | 0.3% | 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 |
|---|---|---|---|---|
| Q4 2023 | +9.8% | +11.2% | -1.3% | 100% |
| Q3 2023 | -3.5% | -3.6% | +0.1% | 98% |
| Q2 2023 | +5.3% | +8.3% | -3.0% | 100% |
| Q1 2023 | +6.8% | +7.0% | -0.2% | 97% |
| Q4 2022 | +2.7% | +7.1% | -4.3% | 96% |
| Q3 2022 | -3.6% | -5.3% | +1.7% | 97% |
| Q2 2022 | -19.6% | -16.5% | -3.1% | 105% |
| Q1 2022 | -2.2% | -4.9% | +2.7% | 105% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2023 | $1.3B | 621 |
| Q3 2023 | $1.1B | 575 |
| Q2 2023 | $1.1B | 575 |
| Q1 2023 | $931.1M | 513 |
| Q4 2022 | $606.9M | 434 |
| Q3 2022 | $235.2M | 175 |
| Q2 2022 | $229.3M | 159 |
| Q1 2022 | $256.8M | 168 |
| Q4 2021 | $239.5M | 179 |
| Q3 2021 | $264.2M | 182 |
| Q2 2021 | $264.3M | 173 |
| Q1 2021 | $234.1M | 157 |