# American Financial Network Advisory Services LLC

> Institutional holdings reported to the SEC as of Q3 2019 on Form 13F. CIK 1680091. Source: https://holderbook.com/funds/1680091-american-financial-network-advisory-services-llc/

- Reported value: $67.0M
- Positions: 86
- Weight of the ten largest: 50.2%
- Filed: 2019-11-12

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 |
|---|---|---|---|---|---|
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $9.2M | 143,792 | 13.8% | 4 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $8.8M | 152,027 | 13.1% | 4 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $2.2M | 68,700 | 3.3% | 1 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $2.1M | 35,479 | 3.1% | 3 |
| SSGA ACTIVE ETF TR | [SRLN](https://holderbook.com/stocks/SRLN/) | $2.0M | 43,707 | 3.0% | 4 |
| SPDR SERIES TRUST | [SPSB](https://holderbook.com/stocks/SPSB/) | $1.9M | 62,807 | 2.9% | 1 |
| SPDR SERIES TRUST | [SPTS](https://holderbook.com/stocks/SPTS/) | $1.9M | 64,199 | 2.9% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.9M | 8,467 | 2.8% | 4 |
| SPDR SERIES TRUST | [SLYV](https://holderbook.com/stocks/SLYV/) | $1.8M | 29,399 | 2.7% | 1 |
| SPDR SERIES TRUST | [XNTK](https://holderbook.com/stocks/XNTK/) | $1.7M | 23,698 | 2.6% | 1 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $1.7M | 8,595 | 2.5% | 4 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $1.6M | 9,284 | 2.3% | 4 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $1.2M | 17,321 | 1.8% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.1M | 7,665 | 1.6% | 4 |
| GLOBAL X FDS | [QYLD](https://holderbook.com/stocks/QYLD/) | $1.1M | 46,557 | 1.6% | 4 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $941.0K | 8,426 | 1.4% | 1 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $904.0K | 30,788 | 1.3% | 1 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $810.0K | 6,832 | 1.2% | 4 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $810.0K | 5,832 | 1.2% | 4 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $745.0K | 5,783 | 1.1% | 1 |
| ISHARES TR | [ITA](https://holderbook.com/stocks/ITA/) | $681.0K | 3,031 | 1.0% | 4 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $643.0K | 8,429 | 1.0% | 4 |
| SPDR INDEX SHS FDS | [GWX](https://holderbook.com/stocks/GWX/) | $595.0K | 20,260 | 0.9% | 1 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $574.0K | 2,474 | 0.9% | 4 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $549.0K | 18,826 | 0.8% | 4 |
| VANGUARD WORLD FD | [VCR](https://holderbook.com/stocks/VCR/) | $543.0K | 3,015 | 0.8% | 3 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $543.0K | 6,698 | 0.8% | 1 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $524.0K | 1,377 | 0.8% | 4 |
| ETF MANAGERS TR | [IPAYXXXX](https://holderbook.com/stocks/IPAYXXXX/) | $505.0K | 10,839 | 0.8% | 4 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $504.0K | 3,677 | 0.8% | 4 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $503.0K | 12,259 | 0.8% | 4 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $488.0K | 18,286 | 0.7% | 3 |
| ACTIVISION BLIZZARD INC | [ATVI](https://holderbook.com/stocks/ATVI/) | $461.0K | 8,713 | 0.7% | 4 |
| GLOBAL X FDS | [BOTZ](https://holderbook.com/stocks/BOTZ/) | $457.0K | 22,817 | 0.7% | 4 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $457.0K | 8,875 | 0.7% | 4 |
| ARK ETF TR | [ARKW](https://holderbook.com/stocks/ARKW/) | $452.0K | 9,285 | 0.7% | 4 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $446.0K | 7,964 | 0.7% | 4 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $440.0K | 7,217 | 0.7% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $425.0K | 2,472 | 0.6% | 4 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $416.0K | 14,843 | 0.6% | 4 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $403.0K | 4,320 | 0.6% | 3 |
| SPDR SERIES TRUST | [CWB](https://holderbook.com/stocks/CWB/) | $389.0K | 7,410 | 0.6% | 4 |
| GLOBAL X FDS | [LIT](https://holderbook.com/stocks/LIT/) | $387.0K | 15,892 | 0.6% | 4 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $386.0K | 9,586 | 0.6% | 4 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $384.0K | 3,222 | 0.6% | 4 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $379.0K | 2,505 | 0.6% | 4 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $367.0K | 4,430 | 0.5% | 4 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $364.0K | 6,040 | 0.5% | 4 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $360.0K | 2,021 | 0.5% | 4 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $359.0K | 1,666 | 0.5% | 4 |
| VANGUARD WORLD FD | [VDC](https://holderbook.com/stocks/VDC/) | $352.0K | 2,251 | 0.5% | 3 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $349.0K | 5,050 | 0.5% | 4 |
| ISHARES TR | [USRT](https://holderbook.com/stocks/USRT/) | $348.0K | 6,266 | 0.5% | 1 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $341.0K | 4,078 | 0.5% | 4 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $330.0K | 2,868 | 0.5% | 4 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $323.0K | 2,599 | 0.5% | 4 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $304.0K | 8,864 | 0.5% | 1 |
| VANGUARD WORLD FD | [VDE](https://holderbook.com/stocks/VDE/) | $301.0K | 3,864 | 0.4% | 3 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $292.0K | 3,239 | 0.4% | 4 |
| ISHARES INC | [ACWV](https://holderbook.com/stocks/ACWV/) | $291.0K | 3,074 | 0.4% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $280.0K | 1,607 | 0.4% | 4 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $268.0K | 687 | 0.4% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $267.0K | 1,228 | 0.4% | 4 |
| PROSHARES TR | [CSM](https://holderbook.com/stocks/CSM/) | $255.0K | 3,598 | 0.4% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $253.0K | 146 | 0.4% | 4 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $249.0K | 4,650 | 0.4% | 4 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $243.0K | 3,206 | 0.4% | 4 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $239.0K | 1,081 | 0.4% | 4 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $239.0K | 1,151 | 0.4% | 4 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $236.0K | 2,317 | 0.4% | 1 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $233.0K | 1,789 | 0.3% | 4 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $231.0K | 1,382 | 0.3% | 4 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $228.0K | 4,185 | 0.3% | 1 |
| TYSON FOODS INC | [TSN](https://holderbook.com/stocks/TSN/) | $226.0K | 2,625 | 0.3% | 4 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $225.0K | 2,014 | 0.3% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $222.0K | 1,715 | 0.3% | 4 |
| EXTRA SPACE STORAGE INC | [EXR](https://holderbook.com/stocks/EXR/) | $220.0K | 1,882 | 0.3% | 4 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $217.0K | 1,045 | 0.3% | 4 |
| SPDR SERIES TRUST | [XHB](https://holderbook.com/stocks/XHB/) | $213.0K | 4,832 | 0.3% | 4 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $206.0K | 1,216 | 0.3% | 4 |
| EATON VANCE CORP | [EV](https://holderbook.com/stocks/EV/) | $202.0K | 4,495 | 0.3% | 4 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $201.0K | 1,191 | 0.3% | 4 |
| ANNALY CAPITAL MANAGEMENT IN | [NLYXXXX](https://holderbook.com/stocks/NLYXXXX/) | $117.0K | 13,315 | 0.2% | 4 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $97.0K | 210 | 0.1% | 1 |
| GREAT PANTHER MNG LTD | [GPL](https://holderbook.com/stocks/GPL/) | $16.0K | 22,500 | 0.0% | 4 |
| NEW GOLD INC CDA | [NGD](https://holderbook.com/stocks/NGD/) | $14.0K | 13,745 | 0.0% | 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 |
|---|---|---|---|---|
| Q3 2019 | +1.0% | +1.3% | -0.3% | 100% |
| Q2 2019 | +2.8% | +3.7% | -1.0% | 101% |
| Q1 2019 | +11.3% | +13.0% | -1.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2019 | $67.0M | 86 |
| Q2 2019 | $127.1M | 135 |
| Q1 2019 | $135.2M | 147 |
| Q4 2018 | $141.2M | 162 |