# AdvicePeriod, LLC

> Institutional holdings reported to the SEC as of Q2 2021 on Form 13F. CIK 1634228. Source: https://holderbook.com/funds/1634228-adviceperiod-llc/

- Reported value: $1.5B
- Positions: 85
- Weight of the ten largest: 62.1%
- Filed: 2021-07-29

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 TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $211.3M | 4,100,560 | 13.7% | 11 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $179.7M | 3,308,373 | 11.7% | 11 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $161.3M | 409,781 | 10.5% | 11 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $118.9M | 533,646 | 7.7% | 11 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $63.9M | 1,039,890 | 4.2% | 8 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $58.1M | 611,295 | 3.8% | 11 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $48.3M | 112,368 | 3.1% | 11 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $41.7M | 622,272 | 2.7% | 11 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $36.3M | 635,494 | 2.4% | 11 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $35.4M | 187,781 | 2.3% | 11 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $34.0M | 344,037 | 2.2% | 11 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $31.1M | 265,527 | 2.0% | 11 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $29.4M | 392,288 | 1.9% | 11 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $29.3M | 212,931 | 1.9% | 11 |
| FIRST TR EXCHANGE-TRADED FD | [EMLP](https://holderbook.com/stocks/EMLP/) | $23.4M | 955,074 | 1.5% | 11 |
| VANGUARD WHITEHALL FDS | [VWOB](https://holderbook.com/stocks/VWOB/) | $21.5M | 268,860 | 1.4% | 11 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $20.2M | 246,109 | 1.3% | 11 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $19.6M | 80,853 | 1.3% | 11 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $18.8M | 108,146 | 1.2% | 11 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $17.1M | 168,409 | 1.1% | 11 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $16.9M | 187,594 | 1.1% | 11 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $15.9M | 140,553 | 1.0% | 11 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $15.8M | 112,447 | 1.0% | 11 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $15.0M | 101,902 | 1.0% | 11 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $14.1M | 163,550 | 0.9% | 11 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $14.0M | 177,076 | 0.9% | 11 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $13.8M | 127,874 | 0.9% | 7 |
| ISHARES TR | [IDEV](https://holderbook.com/stocks/IDEV/) | $13.7M | 203,079 | 0.9% | 8 |
| ISHARES TR | [IGF](https://holderbook.com/stocks/IGF/) | $12.6M | 277,447 | 0.8% | 11 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $12.0M | 77,654 | 0.8% | 11 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $11.9M | 216,059 | 0.8% | 9 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $11.9M | 114,852 | 0.8% | 11 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $10.0M | 60,400 | 0.7% | 11 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $9.7M | 35,642 | 0.6% | 11 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $9.2M | 31,933 | 0.6% | 11 |
| ISHARES TR | [CMF](https://holderbook.com/stocks/CMF/) | $8.7M | 139,512 | 0.6% | 11 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $8.6M | 74,587 | 0.6% | 11 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $8.5M | 129,718 | 0.6% | 11 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $7.8M | 34,144 | 0.5% | 11 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $7.8M | 68,010 | 0.5% | 11 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $7.3M | 88,138 | 0.5% | 5 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $7.1M | 29,876 | 0.5% | 11 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $6.3M | 79,367 | 0.4% | 11 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $6.2M | 17,413 | 0.4% | 1 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $6.0M | 45,008 | 0.4% | 11 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $6.0M | 53,520 | 0.4% | 11 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $5.9M | 26,190 | 0.4% | 11 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $4.9M | 30,939 | 0.3% | 11 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $3.9M | 64,202 | 0.3% | 11 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $3.6M | 68,557 | 0.2% | 11 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $2.7M | 13,601 | 0.2% | 9 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $2.6M | 26,005 | 0.2% | 9 |
| VANGUARD SCOTTSDALE FDS | [VONE](https://holderbook.com/stocks/VONE/) | $2.6M | 13,056 | 0.2% | 4 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $2.5M | 34,783 | 0.2% | 6 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $2.5M | 39,055 | 0.2% | 11 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $2.4M | 7,663 | 0.2% | 11 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $2.3M | 41,614 | 0.1% | 1 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $2.2M | 19,865 | 0.1% | 11 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $2.1M | 29,397 | 0.1% | 1 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $1.7M | 14,902 | 0.1% | 11 |
| ISHARES TR | [SCZ](https://holderbook.com/stocks/SCZ/) | $1.6M | 21,852 | 0.1% | 11 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $1.6M | 5,390 | 0.1% | 11 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $1.6M | 14,798 | 0.1% | 9 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $1.4M | 12,972 | 0.1% | 8 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $1.3M | 13,066 | 0.1% | 4 |
| SPDR SERIES TRUST | [SHM](https://holderbook.com/stocks/SHM/) | $1.0M | 20,811 | 0.1% | 5 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $1.0M | 4,242 | 0.1% | 9 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $976.0K | 7,475 | 0.1% | 11 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $933.0K | 7,286 | 0.1% | 11 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $820.0K | 14,954 | 0.1% | 5 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $792.0K | 3,097 | 0.1% | 11 |
| VANGUARD INTL EQUITY INDEX F | [VNQI](https://holderbook.com/stocks/VNQI/) | $782.0K | 13,392 | 0.1% | 11 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $664.0K | 2,685 | 0.0% | 11 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $506.0K | 9,785 | 0.0% | 8 |
| ISHARES TR | [IJJ](https://holderbook.com/stocks/IJJ/) | $465.0K | 4,412 | 0.0% | 11 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $451.0K | 4,301 | 0.0% | 9 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $441.0K | 5,011 | 0.0% | 11 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $416.0K | 1,043 | 0.0% | 9 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $375.0K | 4,629 | 0.0% | 5 |
| ISHARES TR | [IXN](https://holderbook.com/stocks/IXN/) | $323.0K | 957 | 0.0% | 4 |
| INVESCO EXCH TRADED FD TR II | [PWZ](https://holderbook.com/stocks/PWZ/) | $278.0K | 9,880 | 0.0% | 6 |
| ISHARES TR | [GBF](https://holderbook.com/stocks/GBF/) | $268.0K | 2,190 | 0.0% | 9 |
| ISHARES TR | [IWC](https://holderbook.com/stocks/IWC/) | $223.0K | 1,464 | 0.0% | 2 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $222.0K | 1,905 | 0.0% | 1 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $216.0K | 1,584 | 0.0% | 1 |

## 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 2021 | +4.9% | +8.0% | -3.1% | 100% |
| Q1 2021 | +4.2% | +6.0% | -1.8% | 100% |
| Q4 2020 | +11.7% | +11.6% | +0.1% | 100% |
| Q3 2020 | +5.9% | +8.6% | -2.7% | 123% |
| Q2 2020 | +14.7% | +19.6% | -5.0% | 100% |
| Q1 2020 | -20.0% | -19.9% | -0.1% | 100% |
| Q4 2019 | +5.9% | +8.5% | -2.6% | 100% |
| Q3 2019 | -0.3% | +1.3% | -1.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2021 | $1.5B | 85 |
| Q1 2021 | $1.4B | 82 |
| Q4 2020 | $1.3B | 80 |
| Q3 2020 | $1.1B | 80 |
| Q2 2020 | $917.1M | 77 |
| Q1 2020 | $959.5M | 90 |
| Q4 2019 | $1.1B | 90 |
| Q3 2019 | $1.1B | 87 |
| Q2 2019 | $1.1B | 81 |
| Q1 2019 | $1.0B | 75 |
| Q4 2018 | $884.1M | 75 |