# Landmark Financial Advisors, LLC

> Institutional holdings reported to the SEC as of Q4 2023 on Form 13F. CIK 1641440. Source: https://holderbook.com/funds/1641440-landmark-financial-advisors-llc/

- Reported value: $277.9M
- Positions: 91
- Weight of the ten largest: 58.2%
- Filed: 2024-02-13

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/) | $26.4M | 551,311 | 9.5% | 21 |
| FLEXSHARES TR | [GUNR](https://holderbook.com/stocks/GUNR/) | $21.9M | 534,592 | 7.9% | 21 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $18.4M | 187,013 | 6.6% | 18 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $16.6M | 37,997 | 6.0% | 21 |
| DIMENSIONAL ETF TRUST | [DFNM](https://holderbook.com/stocks/DFNM/) | $16.4M | 337,148 | 5.9% | 5 |
| FLEXSHARES TR | [RAVI](https://holderbook.com/stocks/RAVI/) | $13.6M | 181,726 | 4.9% | 15 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $13.4M | 182,119 | 4.8% | 21 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $12.9M | 247,065 | 4.7% | 9 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $11.5M | 264,616 | 4.1% | 21 |
| FLEXSHARES TR | [NFRA](https://holderbook.com/stocks/NFRA/) | $10.5M | 196,482 | 3.8% | 18 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $8.6M | 210,413 | 3.1% | 21 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $7.0M | 243,871 | 2.5% | 7 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $6.3M | 71,415 | 2.3% | 21 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $5.9M | 12,447 | 2.1% | 21 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $5.5M | 28,450 | 2.0% | 21 |
| VANGUARD WELLINGTON FD | [VTES](https://holderbook.com/stocks/VTES/) | $5.4M | 53,118 | 1.9% | 3 |
| DIMENSIONAL ETF TRUST | [DUHP](https://holderbook.com/stocks/DUHP/) | $4.5M | 158,626 | 1.6% | 8 |
| DIMENSIONAL ETF TRUST | [DFAE](https://holderbook.com/stocks/DFAE/) | $4.2M | 176,169 | 1.5% | 5 |
| FLEXSHARES TR | [QDF](https://holderbook.com/stocks/QDF/) | $4.0M | 65,138 | 1.4% | 8 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $4.0M | 67,919 | 1.4% | 21 |
| FLEXSHARES TR | [HYGV](https://holderbook.com/stocks/HYGV/) | $3.6M | 88,668 | 1.3% | 6 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.5M | 20,593 | 1.3% | 21 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.3M | 8,707 | 1.2% | 21 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $2.9M | 17,761 | 1.1% | 17 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.8M | 7,859 | 1.0% | 16 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $2.7M | 12,444 | 1.0% | 21 |
| VANGUARD WHITEHALL FDS | [VWOB](https://holderbook.com/stocks/VWOB/) | $2.6M | 40,201 | 0.9% | 9 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $2.5M | 5,160 | 0.9% | 21 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $1.9M | 33,357 | 0.7% | 21 |
| CINCINNATI FINL CORP | [CINF](https://holderbook.com/stocks/CINF/) | $1.8M | 17,562 | 0.7% | 21 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.7M | 11,883 | 0.6% | 18 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $1.5M | 39,885 | 0.5% | 21 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.4M | 8,954 | 0.5% | 16 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.2M | 11,010 | 0.4% | 21 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.1M | 7,055 | 0.4% | 21 |
| GERMAN AMERN BANCORP INC | [GABC](https://holderbook.com/stocks/GABC/) | $1.1M | 33,899 | 0.4% | 18 |
| MID-AMER APT CMNTYS INC | [MAA](https://holderbook.com/stocks/MAA/) | $1.0M | 7,545 | 0.4% | 9 |
| VANGUARD BD INDEX FDS | [VUSB](https://holderbook.com/stocks/VUSB/) | $1.0M | 20,464 | 0.4% | 9 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $957.8K | 6,181 | 0.3% | 21 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $863.5K | 5,509 | 0.3% | 21 |
| INVESCO EXCHANGE TRADED FD T | [RSPH](https://holderbook.com/stocks/RSPH/) | $776.3K | 26,069 | 0.3% | 17 |
| CAMPING WORLD HLDGS INC | [CWH](https://holderbook.com/stocks/CWH/) | $768.1K | 29,249 | 0.3% | 17 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $734.9K | 9,753 | 0.3% | 21 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $719.5K | 6,600 | 0.3% | 21 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $707.3K | 4,742 | 0.3% | 21 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $680.4K | 14,594 | 0.2% | 21 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $666.1K | 3,701 | 0.2% | 21 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $654.8K | 12,961 | 0.2% | 21 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $641.6K | 5,829 | 0.2% | 21 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $628.5K | 8,678 | 0.2% | 9 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $621.7K | 2,880 | 0.2% | 16 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $619.4K | 3,787 | 0.2% | 13 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $592.8K | 1,197 | 0.2% | 4 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $521.6K | 1,505 | 0.2% | 9 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $491.3K | 14,591 | 0.2% | 21 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $489.3K | 3,112 | 0.2% | 19 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $471.3K | 9,976 | 0.2% | 21 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $449.1K | 8,000 | 0.2% | 21 |
| SCHWAB STRATEGIC TR | [SCHH](https://holderbook.com/stocks/SCHH/) | $442.7K | 21,377 | 0.2% | 21 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $440.4K | 3,005 | 0.2% | 9 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $439.5K | 5,681 | 0.2% | 21 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $433.5K | 1,800 | 0.2% | 13 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $403.9K | 947 | 0.1% | 4 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $402.1K | 1,695 | 0.1% | 21 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $374.6K | 1,267 | 0.1% | 13 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $364.3K | 1,815 | 0.1% | 21 |
| PINNACLE FINL PARTNERS INC | [PNFP](https://holderbook.com/stocks/PNFP/) | $358.2K | 4,107 | 0.1% | 13 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $355.0K | 1,003 | 0.1% | 4 |
| SCHWAB STRATEGIC TR | [SCHO](https://holderbook.com/stocks/SCHO/) | $354.5K | 7,317 | 0.1% | 21 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $347.1K | 1,319 | 0.1% | 4 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $328.9K | 4,166 | 0.1% | 13 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $318.5K | 7,264 | 0.1% | 5 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $311.8K | 1,152 | 0.1% | 6 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $303.4K | 3,234 | 0.1% | 5 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $302.2K | 3,023 | 0.1% | 5 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $298.7K | 5,069 | 0.1% | 8 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $297.1K | 498 | 0.1% | 3 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $293.6K | 11,844 | 0.1% | 21 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $286.3K | 3,717 | 0.1% | 9 |
| TE CONNECTIVITY LTD | [TELXXXX](https://holderbook.com/stocks/TELXXXX/) | $286.2K | 2,037 | 0.1% | 17 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $284.9K | 2,176 | 0.1% | 2 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $255.2K | 4,903 | 0.1% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $254.2K | 385 | 0.1% | 1 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $248.7K | 1,765 | 0.1% | 2 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $240.9K | 1,019 | 0.1% | 1 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $222.2K | 422 | 0.1% | 8 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $214.9K | 1,979 | 0.1% | 1 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $210.9K | 1,242 | 0.1% | 9 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $208.3K | 1,722 | 0.1% | 2 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $204.8K | 3,980 | 0.1% | 1 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $200.0K | 11,919 | 0.1% | 3 |

## 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 2023 | +8.1% | +11.2% | -3.1% | 100% |
| Q3 2023 | -3.1% | -3.6% | +0.5% | 100% |
| Q2 2023 | +2.1% | +8.3% | -6.2% | 100% |
| Q1 2023 | +2.5% | +7.0% | -4.6% | 100% |
| Q4 2022 | +8.0% | +7.1% | +0.9% | 100% |
| Q3 2022 | -7.2% | -5.3% | -1.9% | 100% |
| Q2 2022 | -12.7% | -16.5% | +3.8% | 104% |
| Q1 2022 | -3.0% | -4.9% | +2.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2023 | $277.9M | 91 |
| Q3 2023 | $246.0M | 89 |
| Q2 2023 | $243.6M | 90 |
| Q1 2023 | $227.7M | 87 |
| Q4 2022 | $216.7M | 87 |
| Q3 2022 | $189.3M | 79 |
| Q2 2022 | $203.5M | 80 |
| Q1 2022 | $208.2M | 84 |
| Q4 2021 | $224.8M | 85 |
| Q3 2021 | $185.5M | 66 |
| Q2 2021 | $209.2M | 76 |
| Q1 2021 | $185.7M | 67 |