# Northeast Financial Consultants Inc

> Institutional holdings reported to the SEC as of Q2 2025 on Form 13F. CIK 1599863. Source: https://holderbook.com/funds/1599863-northeast-financial-consultants-inc/

- Reported value: $2.4B
- Positions: 299
- Weight of the ten largest: 54.7%
- Filed: 2025-08-15

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 | [VUG](https://holderbook.com/stocks/VUG/) | $339.7M | 774,827 | 13.9% | 25 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $272.0M | 478,910 | 11.1% | 27 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $132.0M | 645,156 | 5.4% | 27 |
| BLACKSTONE SECD LENDING FD | [BXSL](https://holderbook.com/stocks/BXSL/) | $103.3M | 3,359,523 | 4.2% | 14 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $101.8M | 184,612 | 4.2% | 27 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $101.8M | 164,807 | 4.2% | 27 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $93.4M | 1,460,398 | 3.8% | 25 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $67.1M | 134,971 | 2.7% | 27 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $64.0M | 291,623 | 2.6% | 27 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $62.0M | 465,351 | 2.5% | 27 |
| GOLUB CAP BDC INC | [GBDC](https://holderbook.com/stocks/GBDC/) | $56.9M | 3,887,089 | 2.3% | 27 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $47.8M | 233,136 | 2.0% | 27 |
| FIRST TR EXCHANGE-TRADED FD | [FDN](https://holderbook.com/stocks/FDN/) | $40.6M | 150,719 | 1.7% | 27 |
| PACER FDS TR | [COWZ](https://holderbook.com/stocks/COWZ/) | $37.1M | 673,134 | 1.5% | 12 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $36.6M | 206,148 | 1.5% | 27 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $35.4M | 323,518 | 1.4% | 20 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $33.1M | 187,704 | 1.4% | 27 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $32.7M | 107,643 | 1.3% | 27 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $32.4M | 111,715 | 1.3% | 27 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $28.6M | 181,135 | 1.2% | 26 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $25.7M | 101,375 | 1.0% | 25 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $25.2M | 1,040,851 | 1.0% | 27 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $24.9M | 90,240 | 1.0% | 26 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $22.4M | 166,245 | 0.9% | 8 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $19.1M | 143,450 | 0.8% | 27 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $16.4M | 748,796 | 0.7% | 27 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $14.5M | 234,641 | 0.6% | 11 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $13.9M | 127,042 | 0.6% | 27 |
| INVESCO EXCHANGE TRADED FD T | [PPA](https://holderbook.com/stocks/PPA/) | $13.0M | 91,662 | 0.5% | 27 |
| MPLX LP | [MPLX](https://holderbook.com/stocks/MPLX/) | $11.9M | 230,478 | 0.5% | 27 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $11.4M | 92,104 | 0.5% | 27 |
| ISHARES TR | [IGM](https://holderbook.com/stocks/IGM/) | $11.1M | 98,767 | 0.5% | 6 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $10.9M | 76,092 | 0.4% | 27 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $10.5M | 16,948 | 0.4% | 25 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $10.3M | 80,761 | 0.4% | 27 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $10.2M | 214,906 | 0.4% | 27 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $10.1M | 14,207 | 0.4% | 27 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $9.9M | 66,429 | 0.4% | 24 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $9.9M | 56,130 | 0.4% | 20 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $9.3M | 97,401 | 0.4% | 12 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $9.1M | 49,721 | 0.4% | 19 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $9.0M | 70,178 | 0.4% | 1 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $8.9M | 286,946 | 0.4% | 27 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $8.7M | 201,101 | 0.4% | 24 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $8.3M | 10,689 | 0.3% | 27 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $8.3M | 23,284 | 0.3% | 26 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $7.7M | 126,029 | 0.3% | 4 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $7.6M | 33,393 | 0.3% | 27 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $7.6M | 94,386 | 0.3% | 27 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $7.5M | 20,537 | 0.3% | 27 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $7.4M | 14,482 | 0.3% | 27 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $7.1M | 79,561 | 0.3% | 27 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $6.7M | 43,033 | 0.3% | 27 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $6.7M | 36,778 | 0.3% | 27 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $6.5M | 60,414 | 0.3% | 27 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $6.3M | 60,000 | 0.3% | 27 |
| BLUE OWL CAPITAL CORPORATION | [OBDC](https://holderbook.com/stocks/OBDC/) | $6.0M | 419,016 | 0.2% | 4 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $6.0M | 54,330 | 0.2% | 26 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $6.0M | 32,840 | 0.2% | 2 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $5.9M | 25,398 | 0.2% | 27 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $5.9M | 38,382 | 0.2% | 27 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $5.4M | 9,597 | 0.2% | 26 |
| FMC CORP | [FMC](https://holderbook.com/stocks/FMC/) | $5.3M | 128,000 | 0.2% | 9 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $5.0M | 63,051 | 0.2% | 27 |
| ISHARES TR | [IHI](https://holderbook.com/stocks/IHI/) | $5.0M | 79,059 | 0.2% | 26 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $4.8M | 22,448 | 0.2% | 27 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $4.7M | 47,151 | 0.2% | 19 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $4.5M | 5,604 | 0.2% | 12 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $4.4M | 10,255 | 0.2% | 26 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $4.0M | 17,840 | 0.2% | 21 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $4.0M | 11,817 | 0.2% | 20 |
| FIRST TR EXCHANGE-TRADED FD | [QQXT](https://holderbook.com/stocks/QQXT/) | $3.9M | 39,821 | 0.2% | 27 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $3.8M | 32,220 | 0.2% | 27 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $3.7M | 27,828 | 0.2% | 27 |
| SPDR SERIES TRUST | [XSW](https://holderbook.com/stocks/XSW/) | $3.6M | 19,089 | 0.1% | 19 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $3.6M | 20,564 | 0.1% | 26 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $3.6M | 11,545 | 0.1% | 27 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $3.5M | 24,731 | 0.1% | 14 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $3.4M | 17,637 | 0.1% | 25 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $3.4M | 40,534 | 0.1% | 21 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $3.4M | 12,590 | 0.1% | 26 |
| ISHARES TR | [HDV](https://holderbook.com/stocks/HDV/) | $3.3M | 28,556 | 0.1% | 27 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $3.3M | 49,044 | 0.1% | 27 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $3.3M | 20,594 | 0.1% | 27 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $3.3M | 24,337 | 0.1% | 26 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $3.1M | 16,867 | 0.1% | 27 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $3.1M | 14,762 | 0.1% | 26 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.9M | 21,855 | 0.1% | 27 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $2.7M | 2,034 | 0.1% | 26 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $2.7M | 6,040 | 0.1% | 26 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $2.7M | 63,097 | 0.1% | 9 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $2.7M | 6,593 | 0.1% | 27 |
| METTLER TOLEDO INTERNATIONAL | [MTD](https://holderbook.com/stocks/MTD/) | $2.6M | 2,244 | 0.1% | 26 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $2.5M | 16,106 | 0.1% | 7 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $2.5M | 8,721 | 0.1% | 6 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $2.5M | 12,108 | 0.1% | 10 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $2.4M | 46,563 | 0.1% | 27 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $2.4M | 132,535 | 0.1% | 27 |
| ISHARES TR | [IJT](https://holderbook.com/stocks/IJT/) | $2.3M | 17,158 | 0.1% | 26 |
| ARES MANAGEMENT CORPORATION | [ARES](https://holderbook.com/stocks/ARES/) | $2.3M | 13,042 | 0.1% | 26 |

## 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 |
|---|---|---|---|---|
| Q2 2025 | +9.6% | +10.5% | -0.9% | 100% |
| Q1 2025 | -5.4% | -4.6% | -0.9% | 100% |
| Q4 2024 | +3.4% | +2.1% | +1.2% | 100% |
| Q3 2024 | +4.2% | +5.4% | -1.3% | 100% |
| Q2 2024 | +3.5% | +4.0% | -0.6% | 100% |
| Q1 2024 | +8.4% | +10.0% | -1.6% | 100% |
| Q4 2023 | +9.9% | +11.2% | -1.3% | 100% |
| Q3 2023 | -3.5% | -3.6% | +0.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2025 | $2.4B | 299 |
| Q1 2025 | $2.3B | 278 |
| Q4 2024 | $2.4B | 288 |
| Q3 2024 | $2.3B | 294 |
| Q2 2024 | $2.2B | 274 |
| Q1 2024 | $2.0B | 289 |
| Q4 2023 | $1.8B | 280 |
| Q3 2023 | $1.6B | 285 |
| Q2 2023 | $1.6B | 288 |
| Q1 2023 | $1.6B | 317 |
| Q4 2022 | $1.5B | 320 |
| Q3 2022 | $1.4B | 336 |