# NEXT Financial Group, Inc

> Institutional holdings reported to the SEC as of Q4 2021 on Form 13F. CIK 1616654. Source: https://holderbook.com/funds/1616654-next-financial-group-inc/

- Reported value: $1.5B
- Positions: 2,844
- Weight of the ten largest: 16.5%
- Filed: 2022-02-15

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $52.2M | 293,839 | 3.4% | 13 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $37.1M | 437,543 | 2.4% | 13 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $34.0M | 71,180 | 2.2% | 13 |
| VANGUARD SCOTTSDALE FDS | [VONE](https://holderbook.com/stocks/VONE/) | $27.9M | 127,621 | 1.8% | 13 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $23.0M | 68,499 | 1.5% | 13 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $20.6M | 191,339 | 1.4% | 11 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $14.9M | 4,484 | 1.0% | 13 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $14.6M | 13,828 | 1.0% | 13 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $13.4M | 165,344 | 0.9% | 13 |
| ISHARES TR | [IUSB](https://holderbook.com/stocks/IUSB/) | $13.0M | 246,521 | 0.9% | 11 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $11.9M | 40,380 | 0.8% | 13 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $11.4M | 47,232 | 0.7% | 13 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $11.2M | 39,723 | 0.7% | 13 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $10.5M | 26,423 | 0.7% | 13 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $10.1M | 38,046 | 0.7% | 13 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $10.0M | 33,307 | 0.7% | 13 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $9.9M | 21,683 | 0.7% | 13 |
| VANGUARD WORLD FD | [VCR](https://holderbook.com/stocks/VCR/) | $9.7M | 28,478 | 0.6% | 13 |
| VANGUARD WORLD FD | [VDC](https://holderbook.com/stocks/VDC/) | $9.7M | 48,466 | 0.6% | 13 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $9.6M | 99,645 | 0.6% | 13 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $9.4M | 80,718 | 0.6% | 13 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $9.3M | 54,108 | 0.6% | 13 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $9.2M | 71,560 | 0.6% | 13 |
| VANGUARD WORLD FD | [VDE](https://holderbook.com/stocks/VDE/) | $9.0M | 115,343 | 0.6% | 13 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $8.7M | 170,761 | 0.6% | 13 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $8.5M | 98,013 | 0.6% | 13 |
| BILL HOLDINGS INC | [BILL](https://holderbook.com/stocks/BILL/) | $8.3M | 33,472 | 0.5% | 8 |
| VANGUARD WORLD FD | [VPU](https://holderbook.com/stocks/VPU/) | $8.3M | 53,109 | 0.5% | 13 |
| VANGUARD WORLD FD | [VAW](https://holderbook.com/stocks/VAW/) | $8.3M | 41,952 | 0.5% | 13 |
| VANGUARD WORLD FD | [VIS](https://holderbook.com/stocks/VIS/) | $8.2M | 40,319 | 0.5% | 13 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $7.7M | 120,381 | 0.5% | 13 |
| VANGUARD SCOTTSDALE FDS | [VTWO](https://holderbook.com/stocks/VTWO/) | $7.6M | 84,831 | 0.5% | 13 |
| VANGUARD BD INDEX FDS | [BLV](https://holderbook.com/stocks/BLV/) | $7.6M | 73,901 | 0.5% | 13 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $7.2M | 22,438 | 0.5% | 13 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $7.1M | 48,295 | 0.5% | 13 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $7.0M | 84,210 | 0.5% | 13 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $7.0M | 118,494 | 0.5% | 13 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $6.7M | 60,710 | 0.4% | 13 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $6.7M | 58,312 | 0.4% | 13 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $6.7M | 16,091 | 0.4% | 13 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $6.7M | 2,303 | 0.4% | 13 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $6.5M | 127,284 | 0.4% | 13 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $6.5M | 14,888 | 0.4% | 13 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $6.4M | 79,388 | 0.4% | 13 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $6.3M | 125,316 | 0.4% | 6 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $6.2M | 13,086 | 0.4% | 13 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $6.2M | 112,319 | 0.4% | 13 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $6.1M | 18,231 | 0.4% | 13 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $6.0M | 38,398 | 0.4% | 13 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $6.0M | 38,581 | 0.4% | 13 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $5.6M | 113,359 | 0.4% | 13 |
| FIRST TR EXCHANGE-TRADED FD | [FVD](https://holderbook.com/stocks/FVD/) | $5.4M | 126,141 | 0.4% | 13 |
| FIRST TR EXCHANGE-TRADED FD | [FTCS](https://holderbook.com/stocks/FTCS/) | $5.0M | 59,479 | 0.3% | 13 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $5.0M | 187,918 | 0.3% | 11 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $4.9M | 27,495 | 0.3% | 13 |
| VANECK ETF TRUST | [ANGL](https://holderbook.com/stocks/ANGL/) | $4.9M | 148,429 | 0.3% | 13 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $4.8M | 33,061 | 0.3% | 13 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $4.8M | 27,824 | 0.3% | 13 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $4.7M | 62,297 | 0.3% | 13 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $4.6M | 1,583 | 0.3% | 13 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $4.6M | 25,148 | 0.3% | 13 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $4.5M | 51,916 | 0.3% | 13 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $4.5M | 25,938 | 0.3% | 13 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $4.5M | 17,694 | 0.3% | 13 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $4.4M | 6,623 | 0.3% | 13 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $4.4M | 39,344 | 0.3% | 13 |
| VANGUARD WORLD FD | [VOX](https://holderbook.com/stocks/VOX/) | $4.4M | 32,492 | 0.3% | 13 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $4.4M | 27,555 | 0.3% | 13 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $4.3M | 83,690 | 0.3% | 13 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $4.3M | 36,993 | 0.3% | 13 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $4.2M | 58,054 | 0.3% | 13 |
| FIRST TR EXCHANGE-TRADED FD | [RDVY](https://holderbook.com/stocks/RDVY/) | $4.1M | 78,712 | 0.3% | 13 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $4.1M | 104,063 | 0.3% | 13 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $4.1M | 51,599 | 0.3% | 13 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $4.0M | 39,690 | 0.3% | 13 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $4.0M | 23,024 | 0.3% | 13 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $3.9M | 54,205 | 0.3% | 13 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $3.9M | 17,261 | 0.3% | 13 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $3.9M | 156,826 | 0.3% | 13 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.8M | 22,482 | 0.3% | 13 |
| ISHARES TR | [FALN](https://holderbook.com/stocks/FALN/) | $3.8M | 127,930 | 0.3% | 6 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $3.8M | 6,707 | 0.3% | 13 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $3.8M | 33,306 | 0.2% | 13 |
| INVESCO EXCHANGE TRADED FD T | [SPHQ](https://holderbook.com/stocks/SPHQ/) | $3.7M | 68,901 | 0.2% | 13 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $3.6M | 14,322 | 0.2% | 13 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $3.6M | 43,802 | 0.2% | 13 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $3.5M | 21,112 | 0.2% | 13 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $3.4M | 29,357 | 0.2% | 13 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $3.4M | 25,713 | 0.2% | 13 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $3.4M | 14,569 | 0.2% | 13 |
| VANGUARD WORLD FD | [EDV](https://holderbook.com/stocks/EDV/) | $3.4M | 24,025 | 0.2% | 12 |
| AMPLIFY ETF TR | [DIVO](https://holderbook.com/stocks/DIVO/) | $3.3M | 85,427 | 0.2% | 6 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $3.2M | 20,590 | 0.2% | 13 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $3.2M | 6,452 | 0.2% | 13 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $3.2M | 51,100 | 0.2% | 13 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $3.2M | 23,907 | 0.2% | 13 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.2M | 14,696 | 0.2% | 13 |
| ARK ETF TR | [ARKK](https://holderbook.com/stocks/ARKK/) | $3.2M | 33,500 | 0.2% | 6 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $3.2M | 71,017 | 0.2% | 13 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $3.2M | 29,556 | 0.2% | 11 |

## 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 |
|---|---|---|---|---|
| Q4 2021 | +5.8% | +10.7% | -4.9% | 100% |
| Q3 2021 | -1.0% | +0.3% | -1.3% | 100% |
| Q2 2021 | +6.1% | +8.0% | -1.9% | 100% |
| Q1 2021 | +3.8% | +6.0% | -2.2% | 100% |
| Q4 2020 | +11.8% | +11.6% | +0.2% | 100% |
| Q3 2020 | +6.5% | +8.6% | -2.1% | 100% |
| Q2 2020 | +15.8% | +19.6% | -3.9% | 100% |
| Q1 2020 | -19.1% | -19.9% | +0.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2021 | $1.5B | 2,844 |
| Q3 2021 | $1.3B | 2,730 |
| Q2 2021 | $1.2B | 2,610 |
| Q1 2021 | $1.1B | 2,511 |
| Q4 2020 | $1.0B | 2,334 |
| Q3 2020 | $928.9M | 2,173 |
| Q2 2020 | $857.1M | 596 |
| Q1 2020 | $775.8M | 2,088 |
| Q4 2019 | $968.8M | 2,329 |
| Q3 2019 | $920.9M | 2,288 |
| Q2 2019 | $933.7M | 2,286 |
| Q1 2019 | $394.7M | 1,614 |