# Financial Advantage, Inc.

> Institutional holdings reported to the SEC as of Q3 2023 on Form 13F. CIK 1518320. Source: https://holderbook.com/funds/1518320-financial-advantage-inc/

- Reported value: $65.2M
- Positions: 33
- Weight of the ten largest: 57.7%
- Filed: 2023-11-07

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 GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $6.5M | 37,630 | 9.9% | 20 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $6.3M | 18,485 | 9.7% | 20 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $4.8M | 36,705 | 7.4% | 20 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $3.3M | 37,385 | 5.1% | 20 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $3.3M | 1,068 | 5.1% | 11 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $3.0M | 51,049 | 4.5% | 19 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.8M | 51,279 | 4.2% | 20 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $2.8M | 33,996 | 4.2% | 20 |
| F N B CORP | [FNB](https://holderbook.com/stocks/FNB/) | $2.6M | 240,819 | 4.0% | 20 |
| ARCH CAP GROUP LTD | [ACGL](https://holderbook.com/stocks/ACGL/) | $2.3M | 28,748 | 3.5% | 20 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $2.2M | 135,570 | 3.5% | 20 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $1.9M | 16,170 | 2.9% | 6 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $1.8M | 28,205 | 2.8% | 20 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.8M | 8,785 | 2.7% | 20 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.8M | 24,327 | 2.7% | 11 |
| SMUCKER J M CO | [SJM](https://holderbook.com/stocks/SJM/) | $1.7M | 14,112 | 2.7% | 20 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $1.7M | 21,831 | 2.6% | 4 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $1.7M | 22,737 | 2.5% | 20 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $1.6M | 47,675 | 2.4% | 15 |
| FOX CORP | [FOXA](https://holderbook.com/stocks/FOXA/) | $1.6M | 50,199 | 2.4% | 4 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $1.6M | 12,800 | 2.4% | 20 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $1.6M | 80,023 | 2.4% | 20 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $1.5M | 23,160 | 2.3% | 15 |
| REGENCY CTRS CORP | [REG](https://holderbook.com/stocks/REG/) | $1.2M | 20,753 | 1.9% | 16 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $998.0K | 66,447 | 1.5% | 20 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $965.1K | 10,309 | 1.5% | 20 |
| HARTFORD FDS EXCHANGE TRADED | [HTRB](https://holderbook.com/stocks/HTRB/) | $499.6K | 15,570 | 0.8% | 8 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $306.6K | 4,080 | 0.5% | 20 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $251.2K | 2,136 | 0.4% | 20 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $242.3K | 1,238 | 0.4% | 3 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $236.5K | 4,128 | 0.4% | 20 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $234.3K | 3,084 | 0.4% | 20 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $229.4K | 2,583 | 0.4% | 20 |

## 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 2023 | -3.0% | -3.6% | +0.5% | 100% |
| Q2 2023 | +1.1% | +8.3% | -7.1% | 100% |
| Q1 2023 | +3.6% | +7.0% | -3.4% | 100% |
| Q4 2022 | +9.0% | +7.1% | +1.9% | 100% |
| Q3 2022 | -6.9% | -5.3% | -1.6% | 100% |
| Q2 2022 | -13.6% | -16.5% | +2.8% | 100% |
| Q1 2022 | -2.4% | -4.9% | +2.5% | 100% |
| Q4 2021 | +4.4% | +10.7% | -6.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2023 | $65.2M | 33 |
| Q2 2023 | $111.8M | 36 |
| Q1 2023 | $110.2M | 37 |
| Q4 2022 | $107.8M | 36 |
| Q3 2022 | $101.3M | 122 |
| Q2 2022 | $108.8M | 122 |
| Q1 2022 | $123.6M | 139 |
| Q4 2021 | $121.1M | 130 |
| Q3 2021 | $115.2M | 117 |
| Q2 2021 | $117.0M | 114 |
| Q1 2021 | $115.8M | 129 |
| Q4 2020 | $108.0M | 115 |