# TRUEWEALTH LLC

> Institutional holdings reported to the SEC as of Q2 2020 on Form 13F. CIK 1722092. Source: https://holderbook.com/funds/1722092-truewealth-llc/

- Reported value: $237.9M
- Positions: 705
- Weight of the ten largest: 51.6%
- Filed: 2020-07-15

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 |
|---|---|---|---|---|---|
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $51.5M | 1,151,534 | 21.6% | 7 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $17.3M | 55,727 | 7.3% | 7 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $9.0M | 35,747 | 3.8% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $8.2M | 22,511 | 3.5% | 7 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $7.8M | 21,265 | 3.3% | 7 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $7.2M | 125,940 | 3.0% | 7 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $6.8M | 111,485 | 2.9% | 7 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $5.5M | 48,876 | 2.3% | 7 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $5.4M | 139,910 | 2.3% | 7 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $4.3M | 13,954 | 1.8% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.8M | 18,735 | 1.6% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.0M | 1,078 | 1.3% | 7 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $2.6M | 38,051 | 1.1% | 7 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $2.5M | 21,410 | 1.1% | 7 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $2.3M | 13,576 | 1.0% | 7 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $2.2M | 22,300 | 0.9% | 7 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $2.1M | 25,441 | 0.9% | 7 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $2.0M | 67,348 | 0.9% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $2.0M | 42,519 | 0.9% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $2.0M | 51,036 | 0.8% | 7 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $2.0M | 12,820 | 0.8% | 7 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $1.9M | 28,062 | 0.8% | 7 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.8M | 15,082 | 0.8% | 7 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $1.8M | 12,039 | 0.7% | 7 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $1.7M | 55,740 | 0.7% | 7 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $1.6M | 33,691 | 0.7% | 7 |
| ISHARES TR | [REET](https://holderbook.com/stocks/REET/) | $1.6M | 76,054 | 0.7% | 7 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.5M | 9,865 | 0.6% | 7 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $1.5M | 10,605 | 0.6% | 7 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $1.4M | 12,976 | 0.6% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.4M | 7,895 | 0.6% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.4M | 14,928 | 0.6% | 7 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $1.2M | 8,709 | 0.5% | 7 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $1.2M | 13,995 | 0.5% | 7 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $1.2M | 15,522 | 0.5% | 7 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.2M | 8,472 | 0.5% | 7 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $1.2M | 20,274 | 0.5% | 2 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $1.1M | 11,716 | 0.5% | 7 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $1.0M | 5,317 | 0.4% | 7 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $974.0K | 9,033 | 0.4% | 7 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $960.0K | 39,405 | 0.4% | 7 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $957.0K | 8,290 | 0.4% | 7 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $953.0K | 15,877 | 0.4% | 3 |
| SPDR INDEX SHS FDS | [RWO](https://holderbook.com/stocks/RWO/) | $935.0K | 23,962 | 0.4% | 7 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $923.0K | 12,562 | 0.4% | 7 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $881.0K | 10,600 | 0.4% | 7 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $878.0K | 621 | 0.4% | 7 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $861.0K | 4,668 | 0.4% | 7 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $837.0K | 3,380 | 0.4% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $824.0K | 3,627 | 0.3% | 7 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $783.0K | 4,788 | 0.3% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $769.0K | 542 | 0.3% | 7 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $762.0K | 6,502 | 0.3% | 7 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $761.0K | 6,823 | 0.3% | 7 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $707.0K | 29,756 | 0.3% | 7 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $696.0K | 9,985 | 0.3% | 7 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $678.0K | 12,298 | 0.3% | 7 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $672.0K | 12,966 | 0.3% | 7 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $613.0K | 5,120 | 0.3% | 7 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $610.0K | 4,614 | 0.3% | 7 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $590.0K | 1,946 | 0.2% | 7 |
| INTERNATIONAL FLAVORS&FRAGRA | [IFF](https://holderbook.com/stocks/IFF/) | $582.0K | 4,750 | 0.2% | 1 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $579.0K | 12,416 | 0.2% | 7 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $567.0K | 2,937 | 0.2% | 7 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $559.0K | 2,603 | 0.2% | 7 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $553.0K | 4,109 | 0.2% | 7 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $553.0K | 7,466 | 0.2% | 7 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $552.0K | 7,012 | 0.2% | 7 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $546.0K | 1,199 | 0.2% | 7 |
| BRIXMOR PPTY GROUP INC | [BRX](https://holderbook.com/stocks/BRX/) | $535.0K | 41,721 | 0.2% | 7 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $501.0K | 3,466 | 0.2% | 7 |
| FORTUNE BRANDS INNOVATIONS I | [FBIN](https://holderbook.com/stocks/FBIN/) | $499.0K | 7,808 | 0.2% | 7 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $472.0K | 10,551 | 0.2% | 7 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $470.0K | 7,848 | 0.2% | 7 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $457.0K | 2,703 | 0.2% | 7 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $433.0K | 1,835 | 0.2% | 7 |
| MONSTER BEVERAGE CORP NEW | [MNST](https://holderbook.com/stocks/MNST/) | $432.0K | 6,239 | 0.2% | 7 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $431.0K | 1,462 | 0.2% | 7 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $406.0K | 4,145 | 0.2% | 7 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $404.0K | 2,321 | 0.2% | 7 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $397.0K | 10,572 | 0.2% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $392.0K | 5,067 | 0.2% | 7 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $392.0K | 413 | 0.2% | 7 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $388.0K | 1,312 | 0.2% | 7 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $378.0K | 350 | 0.2% | 7 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $374.0K | 2,039 | 0.2% | 7 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $372.0K | 4,060 | 0.2% | 7 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $359.0K | 4,898 | 0.2% | 7 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $350.0K | 1,234 | 0.1% | 7 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $345.0K | 3,262 | 0.1% | 7 |
| WISDOMTREE TR | [DLS](https://holderbook.com/stocks/DLS/) | $343.0K | 6,165 | 0.1% | 7 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $342.0K | 6,764 | 0.1% | 7 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $336.0K | 6,077 | 0.1% | 7 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $326.0K | 3,653 | 0.1% | 7 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $317.0K | 9,700 | 0.1% | 7 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $313.0K | 5,721 | 0.1% | 7 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $313.0K | 1,017 | 0.1% | 7 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $309.0K | 1,768 | 0.1% | 7 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $308.0K | 12,049 | 0.1% | 7 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $295.0K | 3,101 | 0.1% | 7 |

## 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 | +13.9% | +19.6% | -5.7% | 100% |
| Q1 2020 | -20.0% | -19.9% | -0.1% | 100% |
| Q4 2019 | +5.1% | +8.5% | -3.3% | 100% |
| Q3 2019 | +3.1% | +1.3% | +1.8% | 100% |
| Q2 2019 | +4.6% | +3.7% | +0.9% | 100% |
| Q1 2019 | +8.4% | +13.0% | -4.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2020 | $237.9M | 705 |
| Q1 2020 | $205.4M | 716 |
| Q4 2019 | $247.0M | 726 |
| Q3 2019 | $231.7M | 693 |
| Q2 2019 | $225.0M | 717 |
| Q1 2019 | $216.1M | 720 |
| Q4 2018 | $197.5M | 724 |