# Spearhead Capital Advisors, LLC

> Institutional holdings reported to the SEC as of Q3 2022 on Form 13F. CIK 1718982. Source: https://holderbook.com/funds/1718982-spearhead-capital-advisors-llc/

- Reported value: $92.3M
- Positions: 100
- Weight of the ten largest: 32.8%
- Filed: 2022-11-09

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 |
|---|---|---|---|---|---|
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $5.1M | 162,651 | 5.6% | 5 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $4.3M | 18,668 | 4.7% | 16 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $4.3M | 100,454 | 4.7% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.7M | 19,659 | 2.9% | 16 |
| KINIKSA PHARMACEUTICALS LTD | [KNSA](https://holderbook.com/stocks/KNSA/) | $2.6M | 202,580 | 2.8% | 11 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.5M | 22,448 | 2.7% | 16 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.4M | 25,289 | 2.6% | 16 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.1M | 12,984 | 2.3% | 16 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $2.1M | 4,141 | 2.3% | 15 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $2.0M | 9,630 | 2.2% | 3 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $1.9M | 8,557 | 2.1% | 16 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.8M | 10,175 | 2.0% | 11 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.7M | 10,171 | 1.8% | 16 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $1.6M | 5,923 | 1.8% | 12 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $1.6M | 27,007 | 1.7% | 5 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $1.5M | 4,192 | 1.6% | 7 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $1.4M | 6,870 | 1.5% | 16 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.4M | 10,241 | 1.5% | 16 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $1.4M | 9,571 | 1.5% | 13 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.3M | 14,129 | 1.4% | 11 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.2M | 8,688 | 1.4% | 16 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $1.2M | 5,361 | 1.3% | 16 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $1.2M | 13,550 | 1.3% | 16 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.2M | 12,240 | 1.3% | 13 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.1M | 3,924 | 1.2% | 16 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.1M | 8,199 | 1.2% | 16 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.1M | 8,414 | 1.2% | 16 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $1.1M | 13,056 | 1.1% | 16 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $996.0K | 4,417 | 1.1% | 16 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $960.0K | 4,918 | 1.0% | 15 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $952.0K | 7,093 | 1.0% | 16 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $931.0K | 9,618 | 1.0% | 16 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $928.0K | 5,442 | 1.0% | 15 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $923.0K | 1,955 | 1.0% | 10 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $913.0K | 1,660 | 1.0% | 16 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $899.0K | 3,896 | 1.0% | 16 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $891.0K | 416 | 1.0% | 2 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $883.0K | 9,255 | 1.0% | 14 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $877.0K | 8,394 | 1.0% | 16 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $869.0K | 4,624 | 0.9% | 16 |
| GOLDMAN SACHS ETF TR | [GSIE](https://holderbook.com/stocks/GSIE/) | $812.0K | 32,819 | 0.9% | 3 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $798.0K | 11,287 | 0.9% | 16 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $791.0K | 3,254 | 0.9% | 2 |
| CINCINNATI FINL CORP | [CINF](https://holderbook.com/stocks/CINF/) | $790.0K | 8,816 | 0.9% | 16 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $784.0K | 10,908 | 0.8% | 16 |
| DOVER CORP | [DOV](https://holderbook.com/stocks/DOV/) | $775.0K | 6,644 | 0.8% | 16 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $762.0K | 10,696 | 0.8% | 16 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $754.0K | 10,573 | 0.8% | 14 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $753.0K | 8,941 | 0.8% | 9 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $752.0K | 2,646 | 0.8% | 2 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $730.0K | 2,392 | 0.8% | 16 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $714.0K | 4,812 | 0.8% | 16 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $704.0K | 5,782 | 0.8% | 15 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $682.0K | 4,725 | 0.7% | 16 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $665.0K | 3,543 | 0.7% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $598.0K | 2,239 | 0.6% | 3 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $585.0K | 4,834 | 0.6% | 16 |
| LINDE PLC | [LINXXXX](https://holderbook.com/stocks/LINXXXX/) | $573.0K | 2,124 | 0.6% | 2 |
| STANLEY BLACK & DECKER INC | [SWK](https://holderbook.com/stocks/SWK/) | $529.0K | 7,037 | 0.6% | 16 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $501.0K | 4,885 | 0.5% | 5 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $494.0K | 1,171 | 0.5% | 2 |
| V F CORP | [VFC](https://holderbook.com/stocks/VFC/) | $483.0K | 16,133 | 0.5% | 16 |
| COINBASE GLOBAL INC | [COIN](https://holderbook.com/stocks/COIN/) | $466.0K | 7,230 | 0.5% | 3 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $463.0K | 7,448 | 0.5% | 2 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $453.0K | 13,000 | 0.5% | 3 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $429.0K | 3,082 | 0.5% | 2 |
| GRACO INC | [GGG](https://holderbook.com/stocks/GGG/) | $411.0K | 6,851 | 0.4% | 2 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $405.0K | 1,129 | 0.4% | 5 |
| STARWOOD PPTY TR INC | [STWD](https://holderbook.com/stocks/STWD/) | $371.0K | 20,345 | 0.4% | 3 |
| BLACKSTONE MORTGAGE TRUST IN | [BXMT](https://holderbook.com/stocks/BXMT/) | $368.0K | 15,779 | 0.4% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $358.0K | 5,869 | 0.4% | 2 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $352.0K | 1,989 | 0.4% | 2 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $352.0K | 2,454 | 0.4% | 15 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $351.0K | 9,868 | 0.4% | 2 |
| MIDDLEBY CORP | [MIDD](https://holderbook.com/stocks/MIDD/) | $344.0K | 2,687 | 0.4% | 2 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $344.0K | 4,143 | 0.4% | 2 |
| SPDR SERIES TRUST | [SPIP](https://holderbook.com/stocks/SPIP/) | $344.0K | 13,575 | 0.4% | 5 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $342.0K | 4,867 | 0.4% | 2 |
| ISHARES TR | [SMMD](https://holderbook.com/stocks/SMMD/) | $341.0K | 6,849 | 0.4% | 3 |
| FACTSET RESH SYS INC | [FDS](https://holderbook.com/stocks/FDS/) | $340.0K | 850 | 0.4% | 2 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $338.0K | 6,037 | 0.4% | 2 |
| OTIS WORLDWIDE CORP | [OTIS](https://holderbook.com/stocks/OTIS/) | $338.0K | 5,294 | 0.4% | 2 |
| METTLER TOLEDO INTERNATIONAL | [MTD](https://holderbook.com/stocks/MTD/) | $325.0K | 300 | 0.4% | 2 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $309.0K | 5,873 | 0.3% | 3 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $297.0K | 4,363 | 0.3% | 15 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $297.0K | 905 | 0.3% | 5 |
| ENPHASE ENERGY INC | [ENPH](https://holderbook.com/stocks/ENPH/) | $296.0K | 1,066 | 0.3% | 7 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $283.0K | 6,390 | 0.3% | 3 |
| FIDELITY COVINGTON TRUST | [FIDU](https://holderbook.com/stocks/FIDU/) | $270.0K | 6,184 | 0.3% | 3 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $268.0K | 7,378 | 0.3% | 2 |
| APOLLO COML REAL ESTATE FIN | [ARI](https://holderbook.com/stocks/ARI/) | $236.0K | 28,463 | 0.3% | 3 |
| FIDELITY COVINGTON TRUST | [FENY](https://holderbook.com/stocks/FENY/) | $229.0K | 11,523 | 0.2% | 3 |
| ENVIVA INC | [EVVAQ](https://holderbook.com/stocks/EVVAQ/) | $228.0K | 3,800 | 0.2% | 2 |
| SHOCKWAVE MED INC | [SWAV](https://holderbook.com/stocks/SWAV/) | $209.0K | 752 | 0.2% | 3 |
| CELSIUS HLDGS INC | [CELH](https://holderbook.com/stocks/CELH/) | $201.0K | 2,220 | 0.2% | 7 |
| DYNAVAX TECHNOLOGIES CORP | [DVAX](https://holderbook.com/stocks/DVAX/) | $114.0K | 10,941 | 0.1% | 3 |
| RIOT PLATFORMS INC | [RIOT](https://holderbook.com/stocks/RIOT/) | $84.0K | 11,926 | 0.1% | 3 |
| CERUS CORP | [CERS](https://holderbook.com/stocks/CERS/) | $79.0K | 21,826 | 0.1% | 7 |
| NANO DIMENSION LTD | [NNDM](https://holderbook.com/stocks/NNDM/) | $36.0K | 14,971 | 0.0% | 1 |
| BAKKT HOLDINGS INC | [BKKT](https://holderbook.com/stocks/BKKT/) | $25.0K | 10,775 | 0.0% | 1 |

## 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 2022 | -6.0% | -5.3% | -0.7% | 100% |
| Q2 2022 | -16.7% | -16.5% | -0.2% | 100% |
| Q1 2022 | -7.5% | -4.9% | -2.6% | 100% |
| Q4 2021 | +7.0% | +10.7% | -3.7% | 100% |
| Q3 2021 | -1.5% | +0.3% | -1.7% | 100% |
| Q2 2021 | +6.8% | +8.0% | -1.2% | 100% |
| Q1 2021 | +4.9% | +6.0% | -1.1% | 100% |
| Q4 2020 | +13.3% | +11.6% | +1.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2022 | $92.3M | 100 |
| Q2 2022 | $670.2M | 180 |
| Q1 2022 | $807.5M | 193 |
| Q4 2021 | $828.4M | 177 |
| Q3 2021 | $750.2M | 184 |
| Q2 2021 | $735.0M | 191 |
| Q1 2021 | $677.2M | 185 |
| Q4 2020 | $629.3M | 168 |
| Q3 2020 | $523.9M | 185 |
| Q2 2020 | $468.3M | 158 |
| Q1 2020 | $346.9M | 102 |
| Q4 2019 | $402.6M | 109 |