# Family Firm, Inc.

> Institutional holdings reported to the SEC as of Q2 2025 on Form 13F. CIK 1602603. Source: https://holderbook.com/funds/1602603-family-firm-inc/

- Reported value: $414.9M
- Positions: 87
- Weight of the ten largest: 50.9%
- Filed: 2025-08-08

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 |
|---|---|---|---|---|---|
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $64.7M | 184,423 | 15.6% | 23 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $38.6M | 677,075 | 9.3% | 27 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $23.7M | 321,312 | 5.7% | 27 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $15.3M | 148,850 | 3.7% | 27 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $15.2M | 24,429 | 3.7% | 27 |
| ISHARES TR | [IGE](https://holderbook.com/stocks/IGE/) | $14.0M | 316,622 | 3.4% | 27 |
| VANGUARD SCOTTSDALE FDS | [VTHR](https://holderbook.com/stocks/VTHR/) | $11.4M | 41,713 | 2.7% | 27 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $10.5M | 441,861 | 2.5% | 27 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $9.7M | 88,034 | 2.3% | 27 |
| VANECK ETF TRUST | [FLTR](https://holderbook.com/stocks/FLTR/) | $8.1M | 318,269 | 2.0% | 27 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $8.0M | 50,709 | 1.9% | 27 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $7.6M | 75,954 | 1.8% | 27 |
| ISHARES TR | [IGOV](https://holderbook.com/stocks/IGOV/) | $7.4M | 172,309 | 1.8% | 27 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $7.4M | 35,965 | 1.8% | 27 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $6.5M | 72,816 | 1.6% | 27 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $6.2M | 125,288 | 1.5% | 27 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $6.0M | 67,538 | 1.4% | 27 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $6.0M | 60,626 | 1.4% | 27 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $5.9M | 21,298 | 1.4% | 9 |
| SPDR SERIES TRUST | [WIP](https://holderbook.com/stocks/WIP/) | $5.8M | 146,472 | 1.4% | 27 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $5.3M | 48,576 | 1.3% | 27 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $5.2M | 39,065 | 1.3% | 27 |
| SSGA ACTIVE ETF TR | [TOTL](https://holderbook.com/stocks/TOTL/) | $4.9M | 122,426 | 1.2% | 27 |
| ISHARES TR | [ICF](https://holderbook.com/stocks/ICF/) | $4.9M | 79,464 | 1.2% | 27 |
| VANGUARD ADMIRAL FDS INC | [VOOV](https://holderbook.com/stocks/VOOV/) | $4.6M | 24,571 | 1.1% | 27 |
| ISHARES TR | [IXC](https://holderbook.com/stocks/IXC/) | $4.6M | 117,971 | 1.1% | 27 |
| ISHARES TR | [IJT](https://holderbook.com/stocks/IJT/) | $3.7M | 27,764 | 0.9% | 27 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $3.6M | 10,733 | 0.9% | 27 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $3.6M | 32,851 | 0.9% | 27 |
| ISHARES TR | [IEV](https://holderbook.com/stocks/IEV/) | $3.4M | 54,223 | 0.8% | 27 |
| VANGUARD WORLD FD | [VDE](https://holderbook.com/stocks/VDE/) | $3.3M | 27,489 | 0.8% | 27 |
| TEMPLETON EMERGING MKTS FD | [EMF](https://holderbook.com/stocks/EMF/) | $3.2M | 217,772 | 0.8% | 27 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $3.2M | 29,933 | 0.8% | 12 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $3.0M | 61,501 | 0.7% | 27 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $2.8M | 29,490 | 0.7% | 27 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $2.8M | 109,874 | 0.7% | 23 |
| ISHARES TR | [IYG](https://holderbook.com/stocks/IYG/) | $2.7M | 31,367 | 0.6% | 27 |
| ISHARES TR | [IFGL](https://holderbook.com/stocks/IFGL/) | $2.6M | 114,621 | 0.6% | 27 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $2.5M | 31,169 | 0.6% | 27 |
| ENCOMPASS HEALTH CORP | [EHC](https://holderbook.com/stocks/EHC/) | $2.5M | 20,077 | 0.6% | 6 |
| BLACKROCK CORE BD TR | [BHK](https://holderbook.com/stocks/BHK/) | $2.3M | 241,256 | 0.6% | 27 |
| ISHARES TR | [IWC](https://holderbook.com/stocks/IWC/) | $2.3M | 18,325 | 0.6% | 25 |
| ISHARES TR | [IDU](https://holderbook.com/stocks/IDU/) | $2.3M | 22,364 | 0.6% | 27 |
| SPDR SERIES TRUST | [XME](https://holderbook.com/stocks/XME/) | $2.3M | 34,714 | 0.6% | 27 |
| ISHARES TR | [IJJ](https://holderbook.com/stocks/IJJ/) | $2.3M | 18,734 | 0.6% | 27 |
| PIMCO ETF TR | [BOND](https://holderbook.com/stocks/BOND/) | $2.3M | 24,740 | 0.5% | 20 |
| ROYCE MICRO-CAP TR INC | [RMT](https://holderbook.com/stocks/RMT/) | $2.2M | 284,626 | 0.5% | 27 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $2.2M | 26,703 | 0.5% | 5 |
| FLAHERTY & CRUMRIN PFD & INM | [FFC](https://holderbook.com/stocks/FFC/) | $2.1M | 130,782 | 0.5% | 27 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $2.1M | 92,479 | 0.5% | 16 |
| ABRDN ASIA PACIFIC INCOME FU | [FAX](https://holderbook.com/stocks/FAX/) | $2.1M | 130,980 | 0.5% | 4 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $2.0M | 10,457 | 0.5% | 27 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $2.0M | 23,605 | 0.5% | 21 |
| ISHARES TR | [IUSG](https://holderbook.com/stocks/IUSG/) | $2.0M | 13,193 | 0.5% | 27 |
| ISHARES INC | [RING](https://holderbook.com/stocks/RING/) | $2.0M | 44,655 | 0.5% | 23 |
| ISHARES TR | [IXJ](https://holderbook.com/stocks/IXJ/) | $1.9M | 22,381 | 0.5% | 27 |
| ISHARES TR | [IGM](https://holderbook.com/stocks/IGM/) | $1.7M | 15,509 | 0.4% | 27 |
| ISHARES TR | [SCZ](https://holderbook.com/stocks/SCZ/) | $1.7M | 23,841 | 0.4% | 27 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.7M | 26,815 | 0.4% | 27 |
| ISHARES TR | [IAT](https://holderbook.com/stocks/IAT/) | $1.7M | 33,536 | 0.4% | 27 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $1.6M | 12,809 | 0.4% | 27 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $1.5M | 16,624 | 0.4% | 27 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $1.5M | 18,338 | 0.4% | 27 |
| ISHARES INC | [PICK](https://holderbook.com/stocks/PICK/) | $1.4M | 37,064 | 0.3% | 27 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.3M | 41,862 | 0.3% | 27 |
| ISHARES TR | [ISHG](https://holderbook.com/stocks/ISHG/) | $1.3M | 17,126 | 0.3% | 27 |
| ISHARES INC | [EWC](https://holderbook.com/stocks/EWC/) | $1.3M | 28,122 | 0.3% | 27 |
| INVESCO EXCHANGE TRADED FD T | [PBW](https://holderbook.com/stocks/PBW/) | $1.2M | 59,559 | 0.3% | 23 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.2M | 10,746 | 0.3% | 19 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $1.1M | 10,808 | 0.3% | 4 |
| ISHARES TR | [ITB](https://holderbook.com/stocks/ITB/) | $947.2K | 10,167 | 0.2% | 27 |
| ISHARES TR | [JPXN](https://holderbook.com/stocks/JPXN/) | $943.1K | 11,771 | 0.2% | 27 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $938.4K | 12,109 | 0.2% | 27 |
| ISHARES INC | [EWZ](https://holderbook.com/stocks/EWZ/) | $814.8K | 28,244 | 0.2% | 27 |
| ISHARES TR | [ILF](https://holderbook.com/stocks/ILF/) | $797.7K | 30,433 | 0.2% | 23 |
| ISHARES TR | [IYE](https://holderbook.com/stocks/IYE/) | $743.7K | 16,447 | 0.2% | 27 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $710.6K | 10,243 | 0.2% | 27 |
| NUVEEN CR STRATEGIES INCOME | [JQC](https://holderbook.com/stocks/JQC/) | $668.6K | 124,051 | 0.2% | 23 |
| INVESCO EXCH TRADED FD TR II | [TAN](https://holderbook.com/stocks/TAN/) | $522.3K | 15,247 | 0.1% | 17 |
| ISHARES TR | [EWU](https://holderbook.com/stocks/EWU/) | $460.3K | 11,588 | 0.1% | 23 |
| ISHARES INC | [VEGI](https://holderbook.com/stocks/VEGI/) | $433.6K | 10,772 | 0.1% | 7 |
| ISHARES TR | [IYZ](https://holderbook.com/stocks/IYZ/) | $430.0K | 14,441 | 0.1% | 27 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $396.0K | 17,918 | 0.1% | 11 |
| ISHARES INC | [EWA](https://holderbook.com/stocks/EWA/) | $343.3K | 13,043 | 0.1% | 27 |
| ISHARES TR | [IEZ](https://holderbook.com/stocks/IEZ/) | $227.8K | 13,422 | 0.1% | 3 |
| INVESCO EXCHANGE TRADED FD T | [PEY](https://holderbook.com/stocks/PEY/) | $215.0K | 10,536 | 0.1% | 11 |
| SABA CAPITAL INCOME & OPPORT | [SABA](https://holderbook.com/stocks/SABA/) | $105.2K | 11,452 | 0.0% | 5 |

## 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 | +6.9% | +10.5% | -3.5% | 100% |
| Q1 2025 | -0.5% | -4.6% | +4.0% | 126% |
| Q2 2024 | +0.7% | +4.0% | -3.3% | 101% |
| Q1 2024 | +5.4% | +10.0% | -4.7% | 100% |
| Q4 2023 | +8.6% | +11.2% | -2.6% | 100% |
| Q3 2023 | -3.5% | -3.6% | +0.0% | 100% |
| Q2 2023 | +3.3% | +8.3% | -4.9% | 100% |
| Q1 2023 | +4.3% | +7.0% | -2.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2025 | $414.9M | 87 |
| Q1 2025 | $447.7M | 214 |
| Q4 2024 | $449.6M | 212 |
| Q3 2024 | $456.8M | 211 |
| Q2 2024 | $448.5M | 891 |
| Q1 2024 | $410.4M | 196 |
| Q4 2023 | $387.7M | 188 |
| Q3 2023 | $356.2M | 174 |
| Q2 2023 | $378.3M | 184 |
| Q1 2023 | $361.0M | 180 |
| Q4 2022 | $342.0M | 178 |
| Q3 2022 | $312.8M | 169 |