# TPB WEALTH ADVISORS

> Institutional holdings reported to the SEC as of Q1 2023 on Form 13F. CIK 1719203. Source: https://holderbook.com/funds/1719203-tpb-wealth-advisors/

- Reported value: $183.5M
- Positions: 37
- Weight of the ten largest: 72.3%
- Filed: 2023-05-23

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 | [IVV](https://holderbook.com/stocks/IVV/) | $36.5M | 88,670 | 19.9% | 10 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $26.3M | 247,527 | 14.4% | 10 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $15.6M | 69,327 | 8.5% | 2 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $10.4M | 94,355 | 5.7% | 10 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $10.0M | 267,968 | 5.5% | 5 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $8.0M | 21,216 | 4.3% | 4 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $7.3M | 96,551 | 4.0% | 6 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $6.5M | 39,274 | 3.5% | 10 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $6.1M | 91,065 | 3.3% | 1 |
| INVESCO EXCHANGE TRADED FD T | [RPV](https://holderbook.com/stocks/RPV/) | $5.9M | 78,326 | 3.2% | 5 |
| KRANESHARES TRUST | [KWEB](https://holderbook.com/stocks/KWEB/) | $5.6M | 180,805 | 3.1% | 1 |
| ISHARES S&P GSCI COMMODITY- | [GSG](https://holderbook.com/stocks/GSG/) | $5.4M | 266,498 | 2.9% | 10 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $4.8M | 106,215 | 2.6% | 2 |
| DIREXION SHS ETF TR | [TMFXXXX](https://holderbook.com/stocks/TMFXXXX/) | $4.6M | 516,285 | 2.5% | 2 |
| ISHARES TR | [ICLN](https://holderbook.com/stocks/ICLN/) | $4.0M | 199,673 | 2.2% | 9 |
| ISHARES TR | [HDV](https://holderbook.com/stocks/HDV/) | $3.9M | 37,874 | 2.1% | 5 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $2.5M | 26,078 | 1.4% | 10 |
| GLOBAL X FDS | [FINX](https://holderbook.com/stocks/FINX/) | $2.1M | 101,587 | 1.2% | 9 |
| FTAI AVIATION LTD | [FTAI](https://holderbook.com/stocks/FTAI/) | $2.0M | 71,205 | 1.1% | 2 |
| VANECK ETF TRUST | [VNM](https://holderbook.com/stocks/VNM/) | $1.9M | 159,741 | 1.1% | 10 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $1.9M | 38,583 | 1.0% | 10 |
| FTAI INFRASTRUCTURE INC | [FIP](https://holderbook.com/stocks/FIP/) | $1.8M | 596,798 | 1.0% | 3 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.2M | 29,587 | 0.7% | 2 |
| CULLEN FROST BANKERS INC | [CFR](https://holderbook.com/stocks/CFR/) | $1.1M | 10,500 | 0.6% | 8 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $1.0M | 10,296 | 0.6% | 10 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $983.0K | 11,394 | 0.5% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $966.0K | 3,351 | 0.5% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $957.0K | 7,341 | 0.5% | 10 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $933.0K | 8,663 | 0.5% | 10 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $698.0K | 11,254 | 0.4% | 10 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $645.0K | 4,373 | 0.4% | 10 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $496.0K | 2,778 | 0.3% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $384.0K | 1,701 | 0.2% | 10 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $320.0K | 3,080 | 0.2% | 1 |
| RANI THERAPEUTICS HLDGS INC | [RANI](https://holderbook.com/stocks/RANI/) | $248.0K | 48,129 | 0.1% | 4 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $247.0K | 2,253 | 0.1% | 2 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $245.0K | 1,814 | 0.1% | 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 |
|---|---|---|---|---|
| Q1 2023 | +5.4% | +7.0% | -1.6% | 100% |
| Q4 2022 | +5.1% | +7.1% | -2.0% | 99% |
| Q3 2022 | -7.0% | -5.3% | -1.7% | 103% |
| Q2 2022 | -13.7% | -16.5% | +2.8% | 100% |
| Q1 2022 | -5.4% | -4.9% | -0.5% | 100% |
| Q4 2021 | +4.5% | +10.7% | -6.2% | 100% |
| Q3 2021 | -1.8% | +0.3% | -2.0% | 100% |
| Q2 2021 | +5.9% | +8.0% | -2.1% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2023 | $183.5M | 37 |
| Q4 2022 | $194.7M | 46 |
| Q3 2022 | $209.6M | 45 |
| Q2 2022 | $222.0M | 49 |
| Q1 2022 | $267.2M | 43 |
| Q4 2021 | $205.2M | 49 |
| Q3 2021 | $137.8M | 38 |
| Q2 2021 | $155.0M | 38 |
| Q1 2021 | $116.3M | 33 |
| Q4 2020 | $101.0M | 27 |