# Biltmore Capital Advisors LLC

> Institutional holdings reported to the SEC as of Q4 2021 on Form 13F. CIK 1626632. Source: https://holderbook.com/funds/1626632-biltmore-capital-advisors-llc/

- Reported value: $599.1M
- Positions: 156
- Weight of the ten largest: 59.8%
- Filed: 2022-02-08

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 |
|---|---|---|---|---|---|
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $160.5M | 748,949 | 26.8% | 12 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $33.0M | 126,687 | 5.5% | 6 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $31.6M | 295,369 | 5.3% | 6 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $27.8M | 257,453 | 4.6% | 6 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $26.3M | 55,232 | 4.4% | 6 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $19.9M | 389,004 | 3.3% | 13 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $18.5M | 104,166 | 3.1% | 11 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $15.9M | 290,281 | 2.7% | 8 |
| VANGUARD ADMIRAL FDS INC | [VOOG](https://holderbook.com/stocks/VOOG/) | $12.7M | 42,185 | 2.1% | 12 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $12.2M | 111,070 | 2.0% | 6 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $11.9M | 236,769 | 2.0% | 4 |
| VANGUARD ADMIRAL FDS INC | [VOOV](https://holderbook.com/stocks/VOOV/) | $11.2M | 74,242 | 1.9% | 12 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $9.8M | 105,320 | 1.6% | 12 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $8.0M | 31,606 | 1.3% | 6 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $8.0M | 53,486 | 1.3% | 12 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $7.9M | 43,926 | 1.3% | 12 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $7.7M | 2,324 | 1.3% | 12 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $6.3M | 22,307 | 1.0% | 12 |
| ISHARES TR | [FALN](https://holderbook.com/stocks/FALN/) | $6.2M | 206,431 | 1.0% | 5 |
| INVESCO EXCH TRADED FD TR II | [BKLN](https://holderbook.com/stocks/BKLN/) | $6.1M | 274,944 | 1.0% | 4 |
| GLOBAL X FDS | [PFFD](https://holderbook.com/stocks/PFFD/) | $6.1M | 235,596 | 1.0% | 5 |
| ISHARES TR | [IUSB](https://holderbook.com/stocks/IUSB/) | $6.0M | 114,247 | 1.0% | 4 |
| ISHARES TR | [VLUE](https://holderbook.com/stocks/VLUE/) | $6.0M | 54,501 | 1.0% | 6 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $5.9M | 199,403 | 1.0% | 11 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $5.7M | 49,902 | 1.0% | 6 |
| ARCH RESOURCES INC | [ARCH](https://holderbook.com/stocks/ARCH/) | $5.5M | 60,008 | 0.9% | 1 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $4.9M | 183,257 | 0.8% | 5 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $4.5M | 68,428 | 0.8% | 12 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $4.4M | 81,426 | 0.7% | 12 |
| ISHARES TR | [IXN](https://holderbook.com/stocks/IXN/) | $4.4M | 67,797 | 0.7% | 6 |
| SPROUTS FMRS MKT INC | [SFM](https://holderbook.com/stocks/SFM/) | $4.1M | 137,662 | 0.7% | 12 |
| ISHARES INC | [ESGE](https://holderbook.com/stocks/ESGE/) | $3.8M | 94,470 | 0.6% | 6 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.7M | 21,712 | 0.6% | 12 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $3.3M | 3,158 | 0.6% | 5 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $3.3M | 25,454 | 0.5% | 2 |
| ISHARES TR | [IYE](https://holderbook.com/stocks/IYE/) | $3.2M | 104,980 | 0.5% | 4 |
| ISHARES TR | [IXG](https://holderbook.com/stocks/IXG/) | $3.1M | 39,269 | 0.5% | 3 |
| VANGUARD SCOTTSDALE FDS | [VMBS](https://holderbook.com/stocks/VMBS/) | $2.9M | 54,490 | 0.5% | 12 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $2.8M | 35,208 | 0.5% | 6 |
| SPDR SERIES TRUST | [SPMB](https://holderbook.com/stocks/SPMB/) | $2.6M | 104,201 | 0.4% | 1 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $2.3M | 13,871 | 0.4% | 12 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $2.2M | 12,734 | 0.4% | 5 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $2.1M | 34,978 | 0.4% | 12 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $2.1M | 33,955 | 0.3% | 6 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $1.9M | 32,327 | 0.3% | 2 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $1.9M | 22,252 | 0.3% | 13 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.8M | 4,188 | 0.3% | 8 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.6M | 5,540 | 0.3% | 5 |
| ISHARES U S ETF TR | [COMT](https://holderbook.com/stocks/COMT/) | $1.5M | 49,864 | 0.3% | 3 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $1.5M | 82,507 | 0.3% | 5 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $1.5M | 34,675 | 0.2% | 1 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.4M | 3,012 | 0.2% | 13 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.4M | 2,351 | 0.2% | 12 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $1.4M | 19,800 | 0.2% | 1 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.2M | 3,713 | 0.2% | 12 |
| TRINET GROUP INC | [TNET](https://holderbook.com/stocks/TNET/) | $1.2M | 12,815 | 0.2% | 12 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.2M | 10,324 | 0.2% | 5 |
| ROKU INC | [ROKU](https://holderbook.com/stocks/ROKU/) | $1.2M | 5,297 | 0.2% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.2M | 3,581 | 0.2% | 9 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $1.1M | 8,122 | 0.2% | 5 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $1.1M | 9,253 | 0.2% | 1 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.0M | 347 | 0.2% | 7 |
| PROSHARES TR | [QLD](https://holderbook.com/stocks/QLD/) | $992.0K | 11,149 | 0.2% | 1 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $980.0K | 25,088 | 0.2% | 5 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $979.0K | 4,787 | 0.2% | 5 |
| VANECK ETF TRUST | [XBTF](https://holderbook.com/stocks/XBTF/) | $938.0K | 19,676 | 0.2% | 1 |
| PIMCO HIGH INCOME FD | [PHK](https://holderbook.com/stocks/PHK/) | $899.0K | 146,107 | 0.2% | 6 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $855.0K | 3,784 | 0.1% | 5 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $835.0K | 10,745 | 0.1% | 4 |
| ISHARES TR | [TLH](https://holderbook.com/stocks/TLH/) | $791.0K | 5,327 | 0.1% | 2 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $781.0K | 31,763 | 0.1% | 12 |
| SCHWAB STRATEGIC TR | [SCHR](https://holderbook.com/stocks/SCHR/) | $773.0K | 13,776 | 0.1% | 1 |
| PIMCO DYNAMIC INCOME FD | [PDI](https://holderbook.com/stocks/PDI/) | $740.0K | 28,555 | 0.1% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $716.0K | 3,305 | 0.1% | 12 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $656.0K | 6,199 | 0.1% | 4 |
| ISHARES TR | [IWY](https://holderbook.com/stocks/IWY/) | $613.0K | 3,536 | 0.1% | 7 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $600.0K | 3,669 | 0.1% | 1 |
| ISHARES TR | [ICSH](https://holderbook.com/stocks/ICSH/) | $593.0K | 11,761 | 0.1% | 5 |
| VANGUARD ADMIRAL FDS INC | [IVOV](https://holderbook.com/stocks/IVOV/) | $593.0K | 3,517 | 0.1% | 6 |
| AGNC INVT CORP | [AGNC](https://holderbook.com/stocks/AGNC/) | $572.0K | 38,000 | 0.1% | 1 |
| VANGUARD ADMIRAL FDS INC | [IVOG](https://holderbook.com/stocks/IVOG/) | $569.0K | 2,690 | 0.1% | 6 |
| SCHWAB STRATEGIC TR | [FNDF](https://holderbook.com/stocks/FNDF/) | $557.0K | 17,140 | 0.1% | 1 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $552.0K | 8,053 | 0.1% | 4 |
| SKINHEALTH SYSTEMS INC | [SKIN](https://holderbook.com/stocks/SKIN/) | $540.0K | 22,337 | 0.1% | 1 |
| SPDR SERIES TRUST | [SPIB](https://holderbook.com/stocks/SPIB/) | $525.0K | 14,524 | 0.1% | 1 |
| VANGUARD ADMIRAL FDS INC | [VIOV](https://holderbook.com/stocks/VIOV/) | $510.0K | 2,826 | 0.1% | 6 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $496.0K | 6,438 | 0.1% | 4 |
| VANGUARD ADMIRAL FDS INC | [VIOG](https://holderbook.com/stocks/VIOG/) | $491.0K | 2,051 | 0.1% | 6 |
| SOFI TECHNOLOGIES INC | [SOFI](https://holderbook.com/stocks/SOFI/) | $478.0K | 30,210 | 0.1% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $473.0K | 1,583 | 0.1% | 11 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $473.0K | 1,140 | 0.1% | 7 |
| ISHARES TR | [ISCG](https://holderbook.com/stocks/ISCG/) | $460.0K | 9,271 | 0.1% | 1 |
| FIRST TR EXCHANGE-TRADED FD | [RDVY](https://holderbook.com/stocks/RDVY/) | $442.0K | 8,531 | 0.1% | 7 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $432.0K | 7,323 | 0.1% | 4 |
| ISHARES TR | [SMLF](https://holderbook.com/stocks/SMLF/) | $429.0K | 7,486 | 0.1% | 4 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $426.0K | 2,342 | 0.1% | 5 |
| FIRST FINL BANKSHARES INC | [FFIN](https://holderbook.com/stocks/FFIN/) | $409.0K | 8,044 | 0.1% | 8 |
| ZOOM COMMUNICATIONS INC | [ZM](https://holderbook.com/stocks/ZM/) | $407.0K | 2,215 | 0.1% | 4 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $401.0K | 3,449 | 0.1% | 1 |
| DAVE & BUSTERS ENTMT INC | [PLAY](https://holderbook.com/stocks/PLAY/) | $384.0K | 10,000 | 0.1% | 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 |
|---|---|---|---|---|
| Q4 2021 | +8.6% | +10.7% | -2.0% | 99% |
| Q3 2021 | -4.5% | +0.3% | -4.7% | 100% |
| Q2 2021 | +10.2% | +8.0% | +2.2% | 100% |
| Q1 2021 | +2.8% | +6.0% | -3.2% | 100% |
| Q4 2020 | +6.8% | +11.6% | -4.9% | 99% |
| Q3 2020 | +17.0% | +8.6% | +8.4% | 100% |
| Q2 2020 | +15.4% | +19.6% | -4.3% | 100% |
| Q1 2020 | -18.2% | -19.9% | +1.7% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2021 | $599.1M | 156 |
| Q3 2021 | $542.3M | 155 |
| Q2 2021 | $545.5M | 139 |
| Q1 2021 | $462.0M | 134 |
| Q4 2020 | $366.1M | 103 |
| Q3 2020 | $343.1M | 87 |
| Q2 2020 | $362.1M | 79 |
| Q1 2020 | $280.6M | 65 |
| Q4 2019 | $337.0M | 67 |
| Q3 2019 | $379.1M | 75 |
| Q2 2019 | $342.4M | 72 |
| Q1 2019 | $308.2M | 64 |