# INR ADVISORY SERVICES LLC

> Institutional holdings reported to the SEC as of Q1 2019 on Form 13F. CIK 1535477. Source: https://holderbook.com/funds/1535477-inr-advisory-services-llc/

- Reported value: $786.3M
- Positions: 73
- Weight of the ten largest: 99.4%
- Filed: 2019-04-22

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 |
|---|---|---|---|---|---|
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $191.5M | 3,819,010 | 24.4% | 2 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $136.5M | 872,903 | 17.4% | 2 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $131.3M | 1,219,952 | 16.7% | 2 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $114.5M | 1,410,391 | 14.6% | 2 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $46.6M | 289,756 | 5.9% | 2 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $45.7M | 298,988 | 5.8% | 2 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $45.3M | 400,740 | 5.8% | 2 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $45.1M | 807,803 | 5.7% | 2 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $23.4M | 269,085 | 3.0% | 2 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $1.7M | 51,311 | 0.2% | 2 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $1.2M | 41,677 | 0.2% | 2 |
| SPDR SERIES TRUST | [SPAB](https://holderbook.com/stocks/SPAB/) | $999.0K | 35,007 | 0.1% | 2 |
| SPDR SERIES TRUST | [SPMD](https://holderbook.com/stocks/SPMD/) | $285.0K | 8,536 | 0.0% | 2 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $285.0K | 9,423 | 0.0% | 2 |
| SPDR SERIES TRUST | [SPIP](https://holderbook.com/stocks/SPIP/) | $284.0K | 5,101 | 0.0% | 2 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $150.0K | 788 | 0.0% | 2 |
| SPDR SERIES TRUST | [SPIB](https://holderbook.com/stocks/SPIB/) | $143.0K | 4,174 | 0.0% | 2 |
| CANADIAN IMPERIAL BANK OF CO | [CM](https://holderbook.com/stocks/CM/) | $121.0K | 1,536 | 0.0% | 2 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $114.0K | 920 | 0.0% | 2 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $91.0K | 810 | 0.0% | 2 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $86.0K | 831 | 0.0% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $82.0K | 584 | 0.0% | 2 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $66.0K | 1,413 | 0.0% | 2 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $60.0K | 211 | 0.0% | 2 |
| SAP SE | [SAP](https://holderbook.com/stocks/SAP/) | $55.0K | 480 | 0.0% | 2 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $54.0K | 268 | 0.0% | 2 |
| AQUA AMERICA INC | [WTR](https://holderbook.com/stocks/WTR/) | $52.0K | 1,437 | 0.0% | 2 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $51.0K | 636 | 0.0% | 2 |
| ISHARES S&P GSCI COMMODITY- | [GSG](https://holderbook.com/stocks/GSG/) | $51.0K | 3,185 | 0.0% | 2 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $50.0K | 1,000 | 0.0% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $46.0K | 573 | 0.0% | 2 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $39.0K | 362 | 0.0% | 2 |
| JEFFERIES FINANCIAL GROUP IN | [JEF](https://holderbook.com/stocks/JEF/) | $37.0K | 1,979 | 0.0% | 2 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $33.0K | 230 | 0.0% | 2 |
| SAP SE | [SAPGF](https://holderbook.com/stocks/SAPGF/) | $29.0K | 256 | 0.0% | 2 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $28.0K | 195 | 0.0% | 2 |
| UNIVEST FINANCIAL CORPORATIO | [UVSP](https://holderbook.com/stocks/UVSP/) | $25.0K | 1,035 | 0.0% | 2 |
| SPDR SERIES TRUST | [SLYG](https://holderbook.com/stocks/SLYG/) | $19.0K | 317 | 0.0% | 2 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $17.0K | 214 | 0.0% | 2 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $16.0K | 500 | 0.0% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $14.0K | 8 | 0.0% | 2 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $14.0K | 126 | 0.0% | 2 |
| CELGENE CORP | [CELG](https://holderbook.com/stocks/CELG/) | $13.0K | 135 | 0.0% | 2 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $12.0K | 186 | 0.0% | 2 |
| WISDOMTREE TR | [DHS](https://holderbook.com/stocks/DHS/) | $12.0K | 167 | 0.0% | 2 |
| KRAFT HEINZ CO | [KHC](https://holderbook.com/stocks/KHC/) | $11.0K | 333 | 0.0% | 2 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $10.0K | 93 | 0.0% | 2 |
| GENERAL ELECTRIC CO | [GEXXXX](https://holderbook.com/stocks/GEXXXX/) | $10.0K | 1,049 | 0.0% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $8.0K | 71 | 0.0% | 2 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $7.0K | 111 | 0.0% | 2 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $4.0K | 25 | 0.0% | 2 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $4.0K | 40 | 0.0% | 2 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $4.0K | 73 | 0.0% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $3.0K | 20 | 0.0% | 1 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $3.0K | 79 | 0.0% | 2 |
| ZYNERBA PHARMACEUTICALS INC | [ZYNE](https://holderbook.com/stocks/ZYNE/) | $3.0K | 477 | 0.0% | 2 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $2.0K | 50 | 0.0% | 2 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $2.0K | 20 | 0.0% | 2 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $2.0K | 117 | 0.0% | 2 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $2.0K | 69 | 0.0% | 2 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $1.0K | 35 | 0.0% | 2 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $1.0K | 13 | 0.0% | 1 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.0K | 53 | 0.0% | 2 |
| BRITISH AMERN TOB PLC | [BTI](https://holderbook.com/stocks/BTI/) | $1.0K | 22 | 0.0% | 2 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $1.0K | 24 | 0.0% | 2 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $1.0K | 10 | 0.0% | 1 |
| GLAXOSMITHKLINE PLC | [GSKXXXX](https://holderbook.com/stocks/GSKXXXX/) | $1.0K | 15 | 0.0% | 2 |
| INVESCO EXCHANGE TRADED FD T | [PJP](https://holderbook.com/stocks/PJP/) | $1.0K | 17 | 0.0% | 2 |
| ISHARES INC | [POWR](https://holderbook.com/stocks/POWR/) | $1.0K | 28 | 0.0% | 2 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $1.0K | 22 | 0.0% | 2 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.0K | 7 | 0.0% | 2 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $1.0K | 20 | 0.0% | 2 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $1.0K | 13 | 0.0% | 2 |

## 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 |
|---|---|---|---|---|
| Q1 2019 | +9.5% | +13.0% | -3.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2019 | $786.3M | 73 |
| Q4 2018 | $698.6M | 74 |