# Berman Capital Advisors, LLC

> Institutional holdings reported to the SEC as of Q3 2021 on Form 13F. CIK 1720336. Source: https://holderbook.com/funds/1720336-berman-capital-advisors-llc/

- Reported value: $635.6M
- Positions: 2,043
- Weight of the ten largest: 50.9%
- Filed: 2021-10-07

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 |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $108.5M | 539,852 | 17.1% | 12 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $75.3M | 1,013,910 | 11.8% | 12 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $27.4M | 115,865 | 4.3% | 12 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $25.4M | 192,967 | 4.0% | 12 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $24.4M | 89,128 | 3.8% | 12 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $14.6M | 103,480 | 2.3% | 12 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $12.3M | 43,528 | 1.9% | 12 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $12.1M | 118,518 | 1.9% | 12 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $11.9M | 3,633 | 1.9% | 12 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $11.4M | 180,449 | 1.8% | 12 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $10.4M | 24,180 | 1.6% | 12 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $9.5M | 42,892 | 1.5% | 12 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $9.3M | 68,494 | 1.5% | 12 |
| OPEN LENDING CORP | [LPRO](https://holderbook.com/stocks/LPRO/) | $7.2M | 200,187 | 1.1% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $5.3M | 1,974 | 0.8% | 12 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $5.2M | 19,074 | 0.8% | 12 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $4.9M | 104,851 | 0.8% | 1 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $4.8M | 14,718 | 0.8% | 12 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $4.6M | 75,360 | 0.7% | 12 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $4.5M | 90,063 | 0.7% | 12 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $4.3M | 50,853 | 0.7% | 12 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $4.0M | 11,782 | 0.6% | 12 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $3.4M | 22,432 | 0.5% | 12 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $3.3M | 9,183 | 0.5% | 12 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $3.1M | 4,028 | 0.5% | 12 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.0M | 1,129 | 0.5% | 12 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.9M | 13,150 | 0.5% | 12 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.9M | 13,795 | 0.4% | 12 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $2.8M | 10,501 | 0.4% | 12 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.8M | 16,833 | 0.4% | 12 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $2.7M | 10,397 | 0.4% | 12 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $2.7M | 43,756 | 0.4% | 12 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $2.7M | 6,167 | 0.4% | 12 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.6M | 16,387 | 0.4% | 12 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $2.6M | 7,438 | 0.4% | 12 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.5M | 59,862 | 0.4% | 12 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $2.4M | 16,350 | 0.4% | 10 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $2.3M | 4,033 | 0.4% | 12 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $2.3M | 3,716 | 0.4% | 12 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $2.2M | 5,623 | 0.3% | 12 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $2.1M | 15,361 | 0.3% | 12 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $2.1M | 12,492 | 0.3% | 12 |
| LAMAR ADVERTISING CO | [LAMR](https://holderbook.com/stocks/LAMR/) | $2.0M | 17,874 | 0.3% | 10 |
| LOGISTICS INNOVTN TECHNLGS C | [LITTU](https://holderbook.com/stocks/LITTU/) | $2.0M | 200,000 | 0.3% | 2 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $1.9M | 7,082 | 0.3% | 12 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $1.8M | 15,463 | 0.3% | 7 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $1.7M | 10,177 | 0.3% | 4 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $1.7M | 14,247 | 0.3% | 10 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $1.6M | 20,214 | 0.2% | 12 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.5M | 20,163 | 0.2% | 12 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.5M | 2,478 | 0.2% | 12 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.5M | 34,890 | 0.2% | 12 |
| VAPOTHERM INC | [VAPO](https://holderbook.com/stocks/VAPO/) | $1.5M | 65,766 | 0.2% | 7 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.4M | 28,375 | 0.2% | 7 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $1.4M | 19,365 | 0.2% | 12 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $1.4M | 25,758 | 0.2% | 12 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $1.4M | 31,983 | 0.2% | 1 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $1.4M | 17,981 | 0.2% | 12 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $1.4M | 12,942 | 0.2% | 6 |
| RIVERNORTH CAP AND INCM FD I | [RSF](https://holderbook.com/stocks/RSF/) | $1.3M | 68,943 | 0.2% | 9 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $1.3M | 2,266 | 0.2% | 12 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.3M | 23,531 | 0.2% | 12 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.3M | 24,335 | 0.2% | 12 |
| SPDR SERIES TRUST | [SHM](https://holderbook.com/stocks/SHM/) | $1.2M | 25,192 | 0.2% | 12 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $1.2M | 11,024 | 0.2% | 12 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $1.2M | 20,847 | 0.2% | 12 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.1M | 2,560 | 0.2% | 12 |
| JEFFERIES FINANCIAL GROUP IN | [JEF](https://holderbook.com/stocks/JEF/) | $1.1M | 30,694 | 0.2% | 12 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $1.1M | 5,191 | 0.2% | 12 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.1M | 9,048 | 0.2% | 12 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $1.0M | 3,616 | 0.2% | 10 |
| PELOTON INTERACTIVE INC | [PTON](https://holderbook.com/stocks/PTON/) | $1.0M | 11,901 | 0.2% | 7 |
| TEXAS PACIFIC LAND CORPORATI | [TPL](https://holderbook.com/stocks/TPL/) | $1.0M | 850 | 0.2% | 4 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $996.0K | 18,458 | 0.2% | 12 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $960.0K | 6,386 | 0.2% | 12 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $956.0K | 4,142 | 0.2% | 12 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $953.0K | 3,980 | 0.1% | 12 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $928.0K | 4,373 | 0.1% | 12 |
| DOCUSIGN INC | [DOCU](https://holderbook.com/stocks/DOCU/) | $906.0K | 3,523 | 0.1% | 12 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $890.0K | 3,627 | 0.1% | 6 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $886.0K | 16,646 | 0.1% | 12 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $869.0K | 6,238 | 0.1% | 12 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $850.0K | 35,421 | 0.1% | 3 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $847.0K | 7,861 | 0.1% | 12 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $842.0K | 7,483 | 0.1% | 6 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $822.0K | 3,228 | 0.1% | 7 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $820.0K | 9,428 | 0.1% | 12 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $818.0K | 7,425 | 0.1% | 12 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $811.0K | 3,551 | 0.1% | 12 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $810.0K | 2,662 | 0.1% | 12 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $804.0K | 5,537 | 0.1% | 12 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $784.0K | 2,597 | 0.1% | 5 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $776.0K | 3,887 | 0.1% | 12 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $763.0K | 5,922 | 0.1% | 12 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $749.0K | 1,545 | 0.1% | 12 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $743.0K | 749 | 0.1% | 12 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $731.0K | 9,323 | 0.1% | 12 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $722.0K | 4,845 | 0.1% | 12 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $712.0K | 5,686 | 0.1% | 12 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $710.0K | 3,907 | 0.1% | 12 |

## 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 2021 | -0.7% | +0.3% | -0.9% | 100% |
| Q2 2021 | +7.4% | +8.0% | -0.6% | 100% |
| Q1 2021 | +5.3% | +6.0% | -0.7% | 100% |
| Q4 2020 | +13.3% | +11.6% | +1.6% | 100% |
| Q3 2020 | +7.5% | +8.6% | -1.1% | 100% |
| Q2 2020 | +19.2% | +19.6% | -0.4% | 100% |
| Q1 2020 | -21.8% | -19.9% | -1.9% | 100% |
| Q4 2019 | +7.3% | +8.5% | -1.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2021 | $635.6M | 2,043 |
| Q2 2021 | $628.2M | 1,872 |
| Q1 2021 | $478.5M | 1,750 |
| Q4 2020 | $417.7M | 1,650 |
| Q3 2020 | $352.3M | 1,574 |
| Q2 2020 | $381.1M | 1,582 |
| Q1 2020 | $310.2M | 1,435 |
| Q4 2019 | $347.1M | 1,451 |
| Q3 2019 | $320.8M | 1,434 |
| Q2 2019 | $314.3M | 1,451 |
| Q1 2019 | $298.7M | 1,331 |
| Q4 2018 | $254.7M | 1,114 |