# ADVANTAGE INVESTMENT MANAGEMENT, LLC

> Institutional holdings reported to the SEC as of Q3 2019 on Form 13F. CIK 1697815. Source: https://holderbook.com/funds/1697815-advantage-investment-management-llc/

- Reported value: $128.3M
- Positions: 908
- Weight of the ten largest: 29.6%
- Filed: 2019-10-08

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 |
|---|---|---|---|---|---|
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $7.5M | 116,596 | 5.8% | 4 |
| VICTORY PORTFOLIOS II | [CFO](https://holderbook.com/stocks/CFO/) | $6.2M | 125,282 | 4.8% | 4 |
| SPDR SERIES TRUST | [XAR](https://holderbook.com/stocks/XAR/) | $5.4M | 50,707 | 4.2% | 4 |
| ARK ETF TR | [ARKW](https://holderbook.com/stocks/ARKW/) | $4.0M | 81,632 | 3.1% | 4 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $2.8M | 45,381 | 2.2% | 4 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $2.8M | 33,992 | 2.1% | 4 |
| VICTORY PORTFOLIOS II | [CDC](https://holderbook.com/stocks/CDC/) | $2.5M | 52,803 | 1.9% | 4 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $2.4M | 30,554 | 1.9% | 4 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $2.3M | 25,865 | 1.8% | 4 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $2.3M | 28,531 | 1.8% | 4 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.9M | 10,290 | 1.5% | 4 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $1.9M | 30,565 | 1.5% | 4 |
| ABSOLUTE SHS TR | [WBIY](https://holderbook.com/stocks/WBIY/) | $1.3M | 54,923 | 1.0% | 3 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $1.3M | 46,631 | 1.0% | 4 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $1.3M | 16,764 | 1.0% | 4 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $1.3M | 21,843 | 1.0% | 4 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $1.2M | 18,626 | 1.0% | 4 |
| FIRST TR EXCHANGE-TRADED FD | [LMBS](https://holderbook.com/stocks/LMBS/) | $1.1M | 22,084 | 0.9% | 3 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $1.1M | 9,280 | 0.9% | 4 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.1M | 4,763 | 0.8% | 4 |
| INVESCO EXCH TRADED FD TR II | [SPHD](https://holderbook.com/stocks/SPHD/) | $1.0M | 23,818 | 0.8% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.0M | 7,260 | 0.8% | 4 |
| FIRST TR EXCHNG TRADED FD VI | [FIXD](https://holderbook.com/stocks/FIXD/) | $1.0M | 19,055 | 0.8% | 3 |
| WISDOMTREE TR | [USFRXXXX](https://holderbook.com/stocks/USFRXXXX/) | $970.0K | 38,734 | 0.8% | 4 |
| ISHARES TR | [FLOT](https://holderbook.com/stocks/FLOT/) | $964.0K | 18,906 | 0.8% | 4 |
| INVESCO EXCH TRADED FD TR II | [SPHB](https://holderbook.com/stocks/SPHB/) | $951.0K | 23,007 | 0.7% | 4 |
| INVESCO EXCH TRADED FD TR II | [PCEF](https://holderbook.com/stocks/PCEF/) | $925.0K | 40,908 | 0.7% | 4 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $903.0K | 7,977 | 0.7% | 4 |
| INVESCO EXCH TRADED FD TR II | [PSCH](https://holderbook.com/stocks/PSCH/) | $900.0K | 7,934 | 0.7% | 4 |
| INVESCO EXCH TRADED FD TR II | [DWAS](https://holderbook.com/stocks/DWAS/) | $891.0K | 17,806 | 0.7% | 4 |
| ISHARES INC | [EEMV](https://holderbook.com/stocks/EEMV/) | $815.0K | 14,283 | 0.6% | 4 |
| FS KKR CAPITAL CORP | [FSKXXXX](https://holderbook.com/stocks/FSKXXXX/) | $814.0K | 139,553 | 0.6% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $731.0K | 421 | 0.6% | 4 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $677.0K | 1,778 | 0.5% | 4 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $670.0K | 11,807 | 0.5% | 4 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $613.0K | 5,144 | 0.5% | 4 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $607.0K | 4,783 | 0.5% | 4 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $604.0K | 5,133 | 0.5% | 4 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $602.0K | 9,972 | 0.5% | 4 |
| ISHARES GOLD TRUST | [IAUXXXX](https://holderbook.com/stocks/IAUXXXX/) | $587.0K | 41,627 | 0.5% | 4 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $577.0K | 11,678 | 0.4% | 4 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $554.0K | 2,581 | 0.4% | 4 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $546.0K | 20,441 | 0.4% | 4 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $522.0K | 4,006 | 0.4% | 4 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $502.0K | 2,244 | 0.4% | 4 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $502.0K | 5,941 | 0.4% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $499.0K | 2,294 | 0.4% | 4 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $479.0K | 9,681 | 0.4% | 4 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $461.0K | 8,939 | 0.4% | 4 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $446.0K | 15,293 | 0.3% | 4 |
| FIRST TR EXCHANGE-TRADED FD | [FV](https://holderbook.com/stocks/FV/) | $434.0K | 14,678 | 0.3% | 4 |
| BAXTER INTL INC | [BAX](https://holderbook.com/stocks/BAX/) | $431.0K | 4,927 | 0.3% | 4 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $431.0K | 2,855 | 0.3% | 4 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $425.0K | 348 | 0.3% | 4 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $418.0K | 3,361 | 0.3% | 4 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $417.0K | 4,920 | 0.3% | 4 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $413.0K | 3,484 | 0.3% | 4 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $411.0K | 2,999 | 0.3% | 4 |
| ISHARES TR | [IUSV](https://holderbook.com/stocks/IUSV/) | $402.0K | 6,962 | 0.3% | 4 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $389.0K | 7,944 | 0.3% | 4 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $384.0K | 985 | 0.3% | 4 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $383.0K | 3,079 | 0.3% | 4 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $370.0K | 9,782 | 0.3% | 4 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $368.0K | 1,769 | 0.3% | 4 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $356.0K | 3,001 | 0.3% | 4 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $353.0K | 4,655 | 0.3% | 4 |
| AMPLIFY ETF TR | [DIVO](https://holderbook.com/stocks/DIVO/) | $351.0K | 11,500 | 0.3% | 4 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $334.0K | 1,518 | 0.3% | 4 |
| NEW YORK LIFE INVESTMENTS ET | [MNA](https://holderbook.com/stocks/MNA/) | $333.0K | 10,381 | 0.3% | 4 |
| ISHARES TR | [IXN](https://holderbook.com/stocks/IXN/) | $331.0K | 1,787 | 0.3% | 4 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $329.0K | 1,701 | 0.3% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $329.0K | 2,546 | 0.3% | 4 |
| RAYTHEON CO | [RTN](https://holderbook.com/stocks/RTN/) | $328.0K | 1,672 | 0.3% | 4 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $326.0K | 1,100 | 0.3% | 4 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $321.0K | 2,210 | 0.3% | 4 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $317.0K | 3,659 | 0.2% | 4 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $313.0K | 2,252 | 0.2% | 4 |
| ICON PUB LTD CO | [ICLR](https://holderbook.com/stocks/ICLR/) | $306.0K | 2,078 | 0.2% | 4 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $292.0K | 6,478 | 0.2% | 4 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $291.0K | 2,527 | 0.2% | 4 |
| SPDR SERIES TRUST | [SLYV](https://holderbook.com/stocks/SLYV/) | $288.0K | 4,696 | 0.2% | 4 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $281.0K | 942 | 0.2% | 4 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $277.0K | 2,141 | 0.2% | 4 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $273.0K | 2,309 | 0.2% | 4 |
| BP PRUDHOE BAY RTY TR | [BPPTU](https://holderbook.com/stocks/BPPTU/) | $271.0K | 29,442 | 0.2% | 4 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $270.0K | 928 | 0.2% | 4 |
| HEICO CORP NEW | [HEI](https://holderbook.com/stocks/HEI/) | $268.0K | 2,149 | 0.2% | 4 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $266.0K | 3,178 | 0.2% | 4 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $265.0K | 4,784 | 0.2% | 4 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $264.0K | 3,137 | 0.2% | 4 |
| CINER RES LP | [SIRE](https://holderbook.com/stocks/SIRE/) | $261.0K | 14,125 | 0.2% | 1 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $261.0K | 1,711 | 0.2% | 4 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $260.0K | 1,343 | 0.2% | 4 |
| ARBOR REALTY TRUST INC | [ABR](https://holderbook.com/stocks/ABR/) | $254.0K | 19,397 | 0.2% | 3 |
| IRSA PROPIEDADES COMERCIALES | [IRCP](https://holderbook.com/stocks/IRCP/) | $254.0K | 19,567 | 0.2% | 1 |
| BANCO MACRO SA | [BMA](https://holderbook.com/stocks/BMA/) | $252.0K | 9,698 | 0.2% | 1 |
| ING GROEP N.V. | [ING](https://holderbook.com/stocks/ING/) | $252.0K | 24,116 | 0.2% | 4 |
| ARQ INC | [ARQ](https://holderbook.com/stocks/ARQ/) | $250.0K | 16,815 | 0.2% | 2 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $249.0K | 4,077 | 0.2% | 4 |
| PENNYMAC MTG INVT TR | [PMT](https://holderbook.com/stocks/PMT/) | $249.0K | 11,214 | 0.2% | 2 |

## 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 | +0.4% | +1.3% | -0.9% | 100% |
| Q2 2019 | +2.5% | +3.7% | -1.2% | 100% |
| Q1 2019 | +11.1% | +13.0% | -2.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2019 | $128.3M | 908 |
| Q2 2019 | $130.9M | 924 |
| Q1 2019 | $127.4M | 916 |
| Q4 2018 | $132.2M | 983 |