# Financial Advisory Group

> Institutional holdings reported to the SEC as of Q1 2024 on Form 13F. CIK 1539338. Source: https://holderbook.com/funds/1539338-financial-advisory-group/

- Reported value: $566.8M
- Positions: 91
- Weight of the ten largest: 71.4%
- Filed: 2024-05-10

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 |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $88.3M | 183,759 | 15.6% | 18 |
| DBX ETF TR | [DBEF](https://holderbook.com/stocks/DBEF/) | $67.7M | 1,654,073 | 11.9% | 22 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $63.9M | 122,238 | 11.3% | 22 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $44.5M | 1,242,649 | 7.9% | 10 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $32.6M | 537,167 | 5.8% | 18 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $26.0M | 65,482 | 4.6% | 22 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $25.2M | 45,304 | 4.4% | 22 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $22.6M | 994,183 | 4.0% | 3 |
| SPDR SERIES TRUST | [SLYV](https://holderbook.com/stocks/SLYV/) | $18.2M | 219,943 | 3.2% | 21 |
| SPDR SERIES TRUST | [SPTL](https://holderbook.com/stocks/SPTL/) | $15.6M | 556,877 | 2.7% | 8 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $13.4M | 78,332 | 2.4% | 22 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $11.9M | 304,111 | 2.1% | 10 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $11.3M | 46,989 | 2.0% | 22 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $11.2M | 180,221 | 2.0% | 22 |
| POWERSHARES QQQ TRUST | - | $10.9M | 24,544 | 1.9% | 22 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $7.6M | 22,015 | 1.3% | 22 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $7.5M | 44,459 | 1.3% | 22 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $6.3M | 66,408 | 1.1% | 3 |
| ARK ETF TR | [ARKK](https://holderbook.com/stocks/ARKK/) | $5.1M | 101,996 | 0.9% | 16 |
| ISHARES TR | [HEFA](https://holderbook.com/stocks/HEFA/) | $3.4M | 97,759 | 0.6% | 22 |
| THE BALDWIN INSURANCE GRP IN | [BWIN](https://holderbook.com/stocks/BWIN/) | $3.4M | 115,925 | 0.6% | 12 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $3.1M | 37,919 | 0.5% | 22 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $3.1M | 7,290 | 0.5% | 22 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.0M | 7,245 | 0.5% | 22 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $3.0M | 35,328 | 0.5% | 22 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $2.9M | 29,728 | 0.5% | 6 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $2.7M | 23,075 | 0.5% | 22 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $2.7M | 28,313 | 0.5% | 6 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $2.3M | 24,954 | 0.4% | 22 |
| INVESCO EXCH TRD SLF IDX FD | [BSCO](https://holderbook.com/stocks/BSCO/) | $2.2M | 106,969 | 0.4% | 22 |
| INVESCO EXCH TRD SLF IDX FD | [BSCP](https://holderbook.com/stocks/BSCP/) | $2.2M | 106,591 | 0.4% | 21 |
| INVESCO EXCH TRD SLF IDX FD | [BSCQ](https://holderbook.com/stocks/BSCQ/) | $2.0M | 106,201 | 0.4% | 19 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.0M | 11,286 | 0.4% | 22 |
| POWERSHARES ETF TR II | - | $2.0M | 30,568 | 0.4% | 22 |
| INVESCO EXCH TRD SLF IDX FD | [BSCR](https://holderbook.com/stocks/BSCR/) | $2.0M | 103,199 | 0.4% | 18 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $1.9M | 73,649 | 0.3% | 22 |
| INVESCO EXCH TRD SLF IDX FD | [BSCK](https://holderbook.com/stocks/BSCK/) | $1.6M | 81,642 | 0.3% | 22 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.5M | 9,607 | 0.3% | 22 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.4M | 1,593 | 0.3% | 5 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.4M | 5,058 | 0.3% | 22 |
| INVESCO EXCH TRD SLF IDX FD | [BSCT](https://holderbook.com/stocks/BSCT/) | $1.4M | 75,724 | 0.2% | 9 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.3M | 8,869 | 0.2% | 22 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.3M | 1,619 | 0.2% | 14 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.1M | 2,971 | 0.2% | 22 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.1M | 18,068 | 0.2% | 22 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $1.0M | 12,508 | 0.2% | 8 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $995.7K | 5,689 | 0.2% | 22 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $872.9K | 4,780 | 0.2% | 22 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $865.8K | 8,877 | 0.2% | 3 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $787.0K | 4,322 | 0.1% | 22 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $726.5K | 2,954 | 0.1% | 22 |
| INVESCO EXCH TRD SLF IDX FD | [BSCU](https://holderbook.com/stocks/BSCU/) | $713.7K | 43,545 | 0.1% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $710.7K | 4,493 | 0.1% | 22 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $699.8K | 3,626 | 0.1% | 22 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $647.4K | 3,683 | 0.1% | 15 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $634.4K | 1 | 0.1% | 22 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $619.1K | 3,091 | 0.1% | 14 |
| J P MORGAN EXCHANGE TRADED F | [JMST](https://holderbook.com/stocks/JMST/) | $607.6K | 11,975 | 0.1% | 14 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $579.6K | 4,514 | 0.1% | 11 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $575.7K | 3,649 | 0.1% | 14 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $501.0K | 2,876 | 0.1% | 22 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $470.7K | 7,694 | 0.1% | 22 |
| INVESCO EXCH TRD SLF IDX FD | [BSCV](https://holderbook.com/stocks/BSCV/) | $468.2K | 29,045 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $458.9K | 1,766 | 0.1% | 22 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $457.9K | 943 | 0.1% | 5 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $447.8K | 4,805 | 0.1% | 15 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $439.6K | 7,562 | 0.1% | 15 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $421.0K | 812 | 0.1% | 16 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $409.4K | 8,116 | 0.1% | 14 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $403.5K | 3,550 | 0.1% | 22 |
| OTIS WORLDWIDE CORP | [OTIS](https://holderbook.com/stocks/OTIS/) | $368.4K | 3,711 | 0.1% | 16 |
| ALX ONCOLOGY HLDGS INC | [ALXO](https://holderbook.com/stocks/ALXO/) | $350.3K | 31,417 | 0.1% | 12 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $325.6K | 2,481 | 0.1% | 22 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $316.8K | 2,987 | 0.1% | 22 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $298.9K | 1,197 | 0.1% | 12 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $294.9K | 1,037 | 0.1% | 18 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $273.3K | 874 | 0.0% | 4 |
| AVITA MEDICAL INC | [RCEL](https://holderbook.com/stocks/RCEL/) | $248.8K | 15,521 | 0.0% | 7 |
| CADENCE BANK | [CADE](https://holderbook.com/stocks/CADE/) | $245.1K | 8,450 | 0.0% | 2 |
| BAXTER INTL INC | [BAX](https://holderbook.com/stocks/BAX/) | $243.4K | 5,694 | 0.0% | 22 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $228.8K | 1,198 | 0.0% | 2 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $226.5K | 1,396 | 0.0% | 2 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $225.1K | 3,883 | 0.0% | 1 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $223.2K | 230 | 0.0% | 1 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $222.0K | 5,990 | 0.0% | 2 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $219.2K | 2,399 | 0.0% | 7 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $214.6K | 842 | 0.0% | 1 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $208.8K | 500 | 0.0% | 1 |
| TOWNEBANK PORTSMOUTH VA | [TOWN](https://holderbook.com/stocks/TOWN/) | $207.6K | 7,397 | 0.0% | 2 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $206.5K | 1,210 | 0.0% | 1 |
| READY CAPITAL CORP | [RC](https://holderbook.com/stocks/RC/) | $106.3K | 11,641 | 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 |
|---|---|---|---|---|
| Q1 2024 | +6.7% | +10.0% | -3.3% | 99% |
| Q4 2023 | +10.0% | +11.2% | -1.2% | 99% |
| Q3 2023 | -4.0% | -3.6% | -0.5% | 99% |
| Q2 2023 | +4.9% | +8.3% | -3.4% | 99% |
| Q1 2023 | +6.7% | +7.0% | -0.4% | 99% |
| Q4 2022 | +5.3% | +7.1% | -1.8% | 99% |
| Q3 2022 | -5.0% | -5.3% | +0.3% | 99% |
| Q2 2022 | -13.4% | -16.5% | +3.1% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2024 | $566.8M | 91 |
| Q4 2023 | $527.3M | 87 |
| Q3 2023 | $485.5M | 81 |
| Q2 2023 | $506.3M | 90 |
| Q1 2023 | $495.4M | 88 |
| Q4 2022 | $471.3M | 87 |
| Q3 2022 | $443.8M | 91 |
| Q2 2022 | $470.6M | 88 |
| Q1 2022 | $515.1M | 97 |
| Q4 2021 | $507.8M | 95 |
| Q3 2021 | $451.8M | 92 |
| Q2 2021 | $418.4M | 91 |