# Kalos Management, Inc.

> Institutional holdings reported to the SEC as of Q2 2023 on Form 13F. CIK 1666788. Source: https://holderbook.com/funds/1666788-kalos-management-inc/

- Reported value: $46.6M
- Positions: 129
- Weight of the ten largest: 49.8%
- Filed: 2023-08-09

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 |
|---|---|---|---|---|---|
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $5.7M | 110,184 | 12.2% | 17 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $3.3M | 62,783 | 7.1% | 17 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.9M | 6,596 | 6.3% | 19 |
| SCHWAB STRATEGIC TR | [SCHO](https://holderbook.com/stocks/SCHO/) | $2.0M | 41,228 | 4.3% | 6 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $1.7M | 24,054 | 3.8% | 12 |
| VANGUARD WORLD FD | [VPU](https://holderbook.com/stocks/VPU/) | $1.5M | 10,858 | 3.3% | 6 |
| ISHARES TR | [IYH](https://holderbook.com/stocks/IYH/) | $1.5M | 5,491 | 3.3% | 19 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $1.5M | 22,557 | 3.2% | 6 |
| PHILLIPS EDISON & CO INC | [PECO](https://holderbook.com/stocks/PECO/) | $1.5M | 44,261 | 3.2% | 6 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $1.5M | 10,326 | 3.2% | 12 |
| ISHARES TR | [IJJ](https://holderbook.com/stocks/IJJ/) | $1.5M | 13,549 | 3.1% | 11 |
| INVESCO EXCHANGE TRADED FD T | [RSPU](https://holderbook.com/stocks/RSPU/) | $1.4M | 12,434 | 3.0% | 6 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.4M | 3,034 | 2.9% | 19 |
| ISHARES TR | [IYK](https://holderbook.com/stocks/IYK/) | $1.2M | 6,022 | 2.6% | 4 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $1.2M | 7,199 | 2.5% | 19 |
| ISHARES TR | [IYM](https://holderbook.com/stocks/IYM/) | $1.2M | 8,659 | 2.5% | 12 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $951.9K | 10,011 | 2.0% | 6 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $850.0K | 2,301 | 1.8% | 2 |
| PROSHARES TR | [NOBL](https://holderbook.com/stocks/NOBL/) | $828.5K | 8,787 | 1.8% | 19 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $664.0K | 6,787 | 1.4% | 10 |
| SPDR INDEX SHS FDS | [GNR](https://holderbook.com/stocks/GNR/) | $662.8K | 12,295 | 1.4% | 6 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $655.6K | 5,786 | 1.4% | 6 |
| ISHARES TR | [IYY](https://holderbook.com/stocks/IYY/) | $623.3K | 5,754 | 1.3% | 15 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $531.0K | 2,737 | 1.1% | 19 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $488.7K | 6,589 | 1.0% | 6 |
| INVESCO EXCH TRADED FD TR II | [RWL](https://holderbook.com/stocks/RWL/) | $478.2K | 5,978 | 1.0% | 6 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $436.6K | 7,302 | 0.9% | 8 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $429.2K | 1,753 | 0.9% | 6 |
| FIDELITY COVINGTON TRUST | [FDLO](https://holderbook.com/stocks/FDLO/) | $407.9K | 8,141 | 0.9% | 11 |
| SOUTHWEST AIRLS CO | [LUV](https://holderbook.com/stocks/LUV/) | $380.5K | 10,507 | 0.8% | 17 |
| FRANKLIN BSP RLTY TR INC | [FBRT](https://holderbook.com/stocks/FBRT/) | $360.1K | 25,429 | 0.8% | 8 |
| INVESCO EXCHANGE TRADED FD T | [RSPG](https://holderbook.com/stocks/RSPG/) | $343.4K | 5,017 | 0.7% | 6 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $334.8K | 822 | 0.7% | 15 |
| COSTAR GROUP INC | [CSGP](https://holderbook.com/stocks/CSGP/) | $325.7K | 3,660 | 0.7% | 12 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $290.1K | 1,011 | 0.6% | 2 |
| MAIN STR CAP CORP | [MAIN](https://holderbook.com/stocks/MAIN/) | $289.2K | 7,225 | 0.6% | 19 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $287.7K | 3,968 | 0.6% | 2 |
| FS KKR CAP CORP | [FSK](https://holderbook.com/stocks/FSK/) | $268.4K | 13,991 | 0.6% | 13 |
| GLOBAL NET LEASE INC | [GNL](https://holderbook.com/stocks/GNL/) | $243.8K | 23,713 | 0.5% | 19 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $241.2K | 3,422 | 0.5% | 3 |
| SCHWAB STRATEGIC TR | [FNDX](https://holderbook.com/stocks/FNDX/) | $228.0K | 3,961 | 0.5% | 6 |
| ISHARES TR | [IXC](https://holderbook.com/stocks/IXC/) | $219.7K | 5,903 | 0.5% | 3 |
| FS CREDIT OPPORTUNITIES CORP | [FSCO](https://holderbook.com/stocks/FSCO/) | $210.9K | 44,406 | 0.5% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $201.6K | 770 | 0.4% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $201.2K | 590 | 0.4% | 2 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $199.7K | 2,665 | 0.4% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RSPT](https://holderbook.com/stocks/RSPT/) | $166.6K | 567 | 0.4% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $152.9K | 1,021 | 0.3% | 3 |
| SPDR SERIES TRUST | [CWB](https://holderbook.com/stocks/CWB/) | $151.3K | 2,163 | 0.3% | 3 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $146.3K | 1,802 | 0.3% | 3 |
| INVESCO EXCHANGE TRADED FD T | [XLG](https://holderbook.com/stocks/XLG/) | $142.9K | 409 | 0.3% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RSPH](https://holderbook.com/stocks/RSPH/) | $134.1K | 450 | 0.3% | 3 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $124.7K | 1,663 | 0.3% | 3 |
| ISHARES TR | [IYE](https://holderbook.com/stocks/IYE/) | $114.9K | 2,681 | 0.2% | 3 |
| BRIGHTSPIRE CAPITAL INC | [BRSP](https://holderbook.com/stocks/BRSP/) | $106.8K | 15,867 | 0.2% | 9 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $101.8K | 1,433 | 0.2% | 3 |
| AMERICAN FIN TR INC | [RTL](https://holderbook.com/stocks/RTL/) | $99.8K | 14,768 | 0.2% | 19 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $81.4K | 1,495 | 0.2% | 3 |
| SCHWAB STRATEGIC TR | [FNDE](https://holderbook.com/stocks/FNDE/) | $76.1K | 2,844 | 0.2% | 3 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $74.1K | 681 | 0.2% | 3 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $67.8K | 1,715 | 0.1% | 3 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $67.5K | 1,542 | 0.1% | 3 |
| INVESCO EXCH TRADED FD TR II | [RWJ](https://holderbook.com/stocks/RWJ/) | $65.6K | 578 | 0.1% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RSPN](https://holderbook.com/stocks/RSPN/) | $60.3K | 295 | 0.1% | 3 |
| SCHWAB STRATEGIC TR | [FNDA](https://holderbook.com/stocks/FNDA/) | $54.8K | 1,087 | 0.1% | 3 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $54.7K | 412 | 0.1% | 3 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $53.4K | 1,025 | 0.1% | 3 |
| SPDR SERIES TRUST | [MDYG](https://holderbook.com/stocks/MDYG/) | $47.9K | 668 | 0.1% | 3 |
| ISHARES TR | [IYR](https://holderbook.com/stocks/IYR/) | $41.9K | 484 | 0.1% | 9 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $41.6K | 962 | 0.1% | 3 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $40.8K | 185 | 0.1% | 3 |
| ISHARES TR | [IOO](https://holderbook.com/stocks/IOO/) | $38.3K | 504 | 0.1% | 3 |
| SPDR INDEX SHS FDS | [GMF](https://holderbook.com/stocks/GMF/) | $37.3K | 376 | 0.1% | 3 |
| SPDR SERIES TRUST | [SLYV](https://holderbook.com/stocks/SLYV/) | $36.0K | 467 | 0.1% | 3 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $32.9K | 189 | 0.1% | 3 |
| ISHARES TR | [IYF](https://holderbook.com/stocks/IYF/) | $31.9K | 427 | 0.1% | 3 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $31.8K | 192 | 0.1% | 3 |
| INVESCO EXCH TRADED FD TR II | [TAN](https://holderbook.com/stocks/TAN/) | $30.9K | 433 | 0.1% | 3 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $29.4K | 402 | 0.1% | 3 |
| SCHWAB STRATEGIC TR | [FNDF](https://holderbook.com/stocks/FNDF/) | $27.8K | 862 | 0.1% | 3 |
| SCHWAB STRATEGIC TR | [SCHK](https://holderbook.com/stocks/SCHK/) | $26.7K | 623 | 0.1% | 3 |
| ISHARES TR | [IYJ](https://holderbook.com/stocks/IYJ/) | $25.2K | 238 | 0.1% | 11 |
| INVESCO EXCHANGE TRADED FD T | [PKW](https://holderbook.com/stocks/PKW/) | $25.1K | 281 | 0.1% | 3 |
| SCHWAB STRATEGIC TR | [FNDB](https://holderbook.com/stocks/FNDB/) | $22.5K | 397 | 0.0% | 3 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $22.4K | 232 | 0.0% | 3 |
| ISHARES TR | [IUSV](https://holderbook.com/stocks/IUSV/) | $21.8K | 279 | 0.0% | 3 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $20.7K | 94 | 0.0% | 3 |
| ISHARES TR | [IXN](https://holderbook.com/stocks/IXN/) | $20.0K | 322 | 0.0% | 3 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $19.1K | 121 | 0.0% | 3 |
| VANGUARD WORLD FD | [VIS](https://holderbook.com/stocks/VIS/) | $18.1K | 88 | 0.0% | 3 |
| ISHARES TR | [ICF](https://holderbook.com/stocks/ICF/) | $16.7K | 300 | 0.0% | 3 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $16.1K | 57 | 0.0% | 3 |
| FIDELITY COVINGTON TRUST | [FCPI](https://holderbook.com/stocks/FCPI/) | $13.4K | 409 | 0.0% | 3 |
| SPDR SERIES TRUST | [SPTI](https://holderbook.com/stocks/SPTI/) | $12.8K | 453 | 0.0% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RSPD](https://holderbook.com/stocks/RSPD/) | $12.0K | 87 | 0.0% | 3 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $11.8K | 225 | 0.0% | 3 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $11.1K | 113 | 0.0% | 3 |
| ISHARES TR | [IDU](https://holderbook.com/stocks/IDU/) | $11.0K | 134 | 0.0% | 6 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $10.6K | 127 | 0.0% | 3 |
| SPDR SERIES TRUST | [SPTL](https://holderbook.com/stocks/SPTL/) | $9.6K | 320 | 0.0% | 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 |
|---|---|---|---|---|
| Q2 2023 | +4.6% | +8.3% | -3.6% | 100% |
| Q1 2023 | +1.9% | +7.0% | -5.1% | 100% |
| Q4 2022 | +9.6% | +7.1% | +2.5% | 95% |
| Q3 2022 | -6.1% | -5.3% | -0.8% | 100% |
| Q2 2022 | -13.0% | -16.5% | +3.5% | 90% |
| Q1 2022 | -3.0% | -4.9% | +1.9% | 86% |
| Q4 2021 | +5.0% | +10.7% | -5.7% | 87% |
| Q3 2021 | -2.6% | +0.3% | -2.9% | 102% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2023 | $46.6M | 129 |
| Q1 2023 | $49.9M | 405 |
| Q4 2022 | $44.4M | 126 |
| Q3 2022 | $40.5M | 42 |
| Q2 2022 | $74.4M | 138 |
| Q1 2022 | $146.2M | 175 |
| Q4 2021 | $369.3M | 282 |
| Q3 2021 | $353.6M | 292 |
| Q2 2021 | $246.5M | 264 |
| Q1 2021 | $321.3M | 295 |
| Q4 2020 | $234.1M | 250 |
| Q3 2020 | $224.2M | 231 |