# Global Financial Private Capital, Inc

> Institutional holdings reported to the SEC as of Q2 2020 on Form 13F. CIK 1704642. Source: https://holderbook.com/funds/1704642-global-financial-private-capital-inc/

- Reported value: $1.6B
- Positions: 376
- Weight of the ten largest: 24.4%
- Filed: 2020-08-11

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 |
|---|---|---|---|---|---|
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $53.0M | 1,044,414 | 3.3% | 7 |
| SSGA ACTIVE ETF TR | [TOTL](https://holderbook.com/stocks/TOTL/) | $49.3M | 995,679 | 3.1% | 7 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $45.9M | 341,159 | 2.9% | 7 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $40.9M | 238,133 | 2.6% | 7 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $38.0M | 457,281 | 2.4% | 7 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $36.2M | 179,181 | 2.3% | 7 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $35.4M | 911,974 | 2.2% | 7 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $32.8M | 568,854 | 2.1% | 7 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $29.0M | 290,953 | 1.8% | 7 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $28.0M | 230,068 | 1.8% | 1 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $27.5M | 168,377 | 1.7% | 5 |
| VANGUARD SCOTTSDALE FDS | [VMBS](https://holderbook.com/stocks/VMBS/) | $26.4M | 485,941 | 1.7% | 7 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $26.2M | 724,050 | 1.6% | 1 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $24.9M | 228,025 | 1.6% | 7 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $24.1M | 871,930 | 1.5% | 7 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $23.4M | 385,098 | 1.5% | 7 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $23.1M | 332,382 | 1.4% | 7 |
| SPDR SERIES TRUST | [SPAB](https://holderbook.com/stocks/SPAB/) | $23.1M | 747,803 | 1.4% | 7 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $21.5M | 211,535 | 1.3% | 1 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $21.5M | 193,793 | 1.3% | 5 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $20.2M | 721,849 | 1.3% | 5 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $19.9M | 271,120 | 1.2% | 5 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $19.3M | 353,494 | 1.2% | 6 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $18.3M | 183,372 | 1.2% | 7 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $17.9M | 106,964 | 1.1% | 7 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $17.5M | 167,430 | 1.1% | 7 |
| SPDR SERIES TRUST | [SPTS](https://holderbook.com/stocks/SPTS/) | $16.2M | 525,734 | 1.0% | 2 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $16.1M | 176,212 | 1.0% | 1 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $15.8M | 155,344 | 1.0% | 7 |
| SPDR SERIES TRUST | [SPTI](https://holderbook.com/stocks/SPTI/) | $15.4M | 462,373 | 1.0% | 1 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $14.6M | 365,398 | 0.9% | 7 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $14.5M | 108,326 | 0.9% | 1 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $14.4M | 57,903 | 0.9% | 7 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $14.3M | 617,898 | 0.9% | 7 |
| VANGUARD BD INDEX FDS | [BLV](https://holderbook.com/stocks/BLV/) | $14.1M | 126,645 | 0.9% | 7 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $12.6M | 229,301 | 0.8% | 7 |
| FIRST TR EXCHANGE-TRADED FD | [LMBS](https://holderbook.com/stocks/LMBS/) | $12.4M | 240,762 | 0.8% | 5 |
| SPDR SERIES TRUST | [SPIB](https://holderbook.com/stocks/SPIB/) | $12.3M | 336,103 | 0.8% | 1 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $12.1M | 130,299 | 0.8% | 7 |
| SPDR SERIES TRUST | [FLRN](https://holderbook.com/stocks/FLRN/) | $12.1M | 396,393 | 0.8% | 6 |
| SPDR SERIES TRUST | [SPTL](https://holderbook.com/stocks/SPTL/) | $11.9M | 253,266 | 0.7% | 1 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $11.9M | 392,201 | 0.7% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $11.3M | 286,479 | 0.7% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $11.2M | 30,700 | 0.7% | 7 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $11.1M | 155,584 | 0.7% | 7 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $10.8M | 109,771 | 0.7% | 7 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $10.7M | 318,727 | 0.7% | 7 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $10.5M | 321,400 | 0.7% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $10.2M | 50,212 | 0.6% | 7 |
| ISHARES TR | [TLH](https://holderbook.com/stocks/TLH/) | $9.7M | 57,846 | 0.6% | 1 |
| INVESCO ACTIVELY MANAGED EXC | [GSY](https://holderbook.com/stocks/GSY/) | $9.3M | 184,667 | 0.6% | 7 |
| SPDR SERIES TRUST | [SPIP](https://holderbook.com/stocks/SPIP/) | $8.9M | 295,623 | 0.6% | 7 |
| ISHARES TR | [GVI](https://holderbook.com/stocks/GVI/) | $8.9M | 75,468 | 0.6% | 7 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $8.8M | 112,848 | 0.6% | 7 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $8.8M | 98,135 | 0.5% | 7 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $8.7M | 36,706 | 0.5% | 7 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $8.6M | 59,102 | 0.5% | 7 |
| ISHARES TR | [SHYG](https://holderbook.com/stocks/SHYG/) | $8.6M | 200,483 | 0.5% | 7 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $8.6M | 30,027 | 0.5% | 7 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $8.0M | 98,701 | 0.5% | 7 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $7.3M | 24,567 | 0.5% | 7 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $7.0M | 65,305 | 0.4% | 7 |
| CANADIAN IMPERIAL BANK OF CO | [CM](https://holderbook.com/stocks/CM/) | $6.9M | 101,735 | 0.4% | 7 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $6.9M | 148,157 | 0.4% | 7 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $6.8M | 51,752 | 0.4% | 7 |
| BCE INC | [BCE](https://holderbook.com/stocks/BCE/) | $6.8M | 161,263 | 0.4% | 7 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $6.8M | 61,480 | 0.4% | 7 |
| ISHARES TR | [IUSB](https://holderbook.com/stocks/IUSB/) | $6.8M | 124,601 | 0.4% | 5 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $6.8M | 40,957 | 0.4% | 5 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $6.6M | 110,372 | 0.4% | 7 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $6.5M | 144,625 | 0.4% | 7 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $6.4M | 79,819 | 0.4% | 7 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $6.3M | 53,055 | 0.4% | 7 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $6.2M | 75,362 | 0.4% | 7 |
| BRITISH AMERN TOB PLC | [BTI](https://holderbook.com/stocks/BTI/) | $6.1M | 156,925 | 0.4% | 7 |
| GLAXOSMITHKLINE PLC | [GSKXXXX](https://holderbook.com/stocks/GSKXXXX/) | $5.9M | 143,535 | 0.4% | 7 |
| NATIONAL GRID PLC | [NGG](https://holderbook.com/stocks/NGG/) | $5.8M | 95,090 | 0.4% | 7 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $5.7M | 22,584 | 0.4% | 7 |
| ALPS ETF TR | [RIGS](https://holderbook.com/stocks/RIGS/) | $5.4M | 219,946 | 0.3% | 7 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $5.4M | 56,173 | 0.3% | 5 |
| ISHARES U S ETF TR | [NEAR](https://holderbook.com/stocks/NEAR/) | $5.3M | 106,797 | 0.3% | 7 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $5.3M | 18,049 | 0.3% | 7 |
| VODAFONE GROUP PLC | [VOD](https://holderbook.com/stocks/VOD/) | $5.3M | 324,016 | 0.3% | 7 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $5.2M | 99,564 | 0.3% | 7 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $5.2M | 31,404 | 0.3% | 6 |
| INVESCO EXCHANGE TRADED FD T | [SPHQ](https://holderbook.com/stocks/SPHQ/) | $5.1M | 145,318 | 0.3% | 6 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $5.1M | 113,228 | 0.3% | 7 |
| ISHARES TR | [FLOT](https://holderbook.com/stocks/FLOT/) | $5.1M | 100,265 | 0.3% | 7 |
| UNILEVER PLC | [ULXXXX](https://holderbook.com/stocks/ULXXXX/) | $4.9M | 90,047 | 0.3% | 5 |
| PPL CORP | [PPL](https://holderbook.com/stocks/PPL/) | $4.9M | 187,572 | 0.3% | 7 |
| SPDR SERIES TRUST | [EBND](https://holderbook.com/stocks/EBND/) | $4.9M | 186,836 | 0.3% | 7 |
| SPDR SERIES TRUST | [SPMD](https://holderbook.com/stocks/SPMD/) | $4.9M | 155,527 | 0.3% | 1 |
| SPDR SERIES TRUST | [RWR](https://holderbook.com/stocks/RWR/) | $4.7M | 60,561 | 0.3% | 7 |
| INVESCO EXCHANGE TRADED FD T | [PWV](https://holderbook.com/stocks/PWV/) | $4.5M | 135,317 | 0.3% | 7 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $4.5M | 148,945 | 0.3% | 5 |
| SPDR INDEX SHS FDS | [GWX](https://holderbook.com/stocks/GWX/) | $4.4M | 162,640 | 0.3% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $4.3M | 1,553 | 0.3% | 7 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $4.2M | 71,504 | 0.3% | 7 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $4.2M | 21,026 | 0.3% | 5 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $4.2M | 31,690 | 0.3% | 5 |

## 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 2020 | +12.5% | +19.6% | -7.2% | 100% |
| Q1 2020 | -16.0% | -19.9% | +3.9% | 100% |
| Q4 2019 | +4.1% | +8.5% | -4.3% | 100% |
| Q3 2019 | +1.1% | +1.3% | -0.1% | 100% |
| Q2 2019 | +1.8% | +3.7% | -2.0% | 100% |
| Q1 2019 | +10.4% | +13.0% | -2.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2020 | $1.6B | 376 |
| Q1 2020 | $1.6B | 379 |
| Q4 2019 | $2.0B | 395 |
| Q3 2019 | $2.0B | 385 |
| Q2 2019 | $2.1B | 451 |
| Q1 2019 | $2.1B | 370 |
| Q4 2018 | $1.8B | 337 |