# Financial Advocates Investment Management

> Institutional holdings reported to the SEC as of Q3 2025 on Form 13F. CIK 1730293. Source: https://holderbook.com/funds/1730293-financial-advocates-investment-management/

- Reported value: $177.9M
- Positions: 104
- Weight of the ten largest: 37.4%
- Filed: 2025-11-06

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $18.2M | 71,372 | 10.2% | 29 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $7.8M | 21,837 | 4.4% | 29 |
| ISHARES TR | [AOA](https://holderbook.com/stocks/AOA/) | $6.3M | 71,608 | 3.5% | 11 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $6.0M | 59,889 | 3.4% | 2 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $5.7M | 8,485 | 3.2% | 29 |
| ISHARES TR | [IUSB](https://holderbook.com/stocks/IUSB/) | $4.7M | 101,424 | 2.7% | 21 |
| INVESCO EXCHANGE TRADED FD T | [XLG](https://holderbook.com/stocks/XLG/) | $4.6M | 80,409 | 2.6% | 22 |
| PACER FDS TR | [PTLC](https://holderbook.com/stocks/PTLC/) | $4.5M | 82,362 | 2.5% | 29 |
| ISHARES TR | [AOM](https://holderbook.com/stocks/AOM/) | $4.4M | 93,348 | 2.5% | 12 |
| ISHARES TR | [ITA](https://holderbook.com/stocks/ITA/) | $4.2M | 19,979 | 2.4% | 29 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $4.1M | 12,358 | 2.3% | 29 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $4.0M | 5,931 | 2.2% | 29 |
| J P MORGAN EXCHANGE TRADED F | [JGRO](https://holderbook.com/stocks/JGRO/) | $3.9M | 41,414 | 2.2% | 9 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $3.7M | 49,253 | 2.1% | 29 |
| INVESCO EXCH TRADED FD TR II | [SPMO](https://holderbook.com/stocks/SPMO/) | $3.7M | 30,187 | 2.1% | 12 |
| VANGUARD WORLD FD | [VPU](https://holderbook.com/stocks/VPU/) | $3.1M | 16,395 | 1.7% | 7 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $3.0M | 50,979 | 1.7% | 7 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $3.0M | 24,989 | 1.7% | 29 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $3.0M | 12,012 | 1.7% | 16 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $2.9M | 27,564 | 1.7% | 29 |
| ETF SER SOLUTIONS | [SPDV](https://holderbook.com/stocks/SPDV/) | $2.8M | 79,724 | 1.6% | 29 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $2.7M | 51,395 | 1.5% | 6 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $2.5M | 37,332 | 1.4% | 6 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $2.4M | 57,484 | 1.4% | 29 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.4M | 4,562 | 1.3% | 29 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $2.4M | 24,395 | 1.3% | 29 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $2.3M | 12,028 | 1.3% | 24 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $2.2M | 21,568 | 1.2% | 29 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $2.1M | 10,181 | 1.2% | 29 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $2.0M | 6,106 | 1.1% | 10 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $1.9M | 29,509 | 1.1% | 29 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.7M | 2,343 | 1.0% | 29 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.7M | 7,052 | 1.0% | 29 |
| SPROTT ASSET MANAGEMENT LP | [PSLV](https://holderbook.com/stocks/PSLV/) | $1.7M | 105,499 | 0.9% | 17 |
| PIMCO ETF TR | [ZROZ](https://holderbook.com/stocks/ZROZ/) | $1.5M | 22,499 | 0.9% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.5M | 8,160 | 0.9% | 29 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $1.4M | 15,174 | 0.8% | 20 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.4M | 6,391 | 0.8% | 29 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $1.4M | 13,137 | 0.8% | 18 |
| PACER FDS TR | [COWZ](https://holderbook.com/stocks/COWZ/) | $1.3M | 22,885 | 0.7% | 16 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $1.3M | 14,009 | 0.7% | 29 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $1.3M | 16,749 | 0.7% | 28 |
| BLACKROCK ETF TRUST | [THRO](https://holderbook.com/stocks/THRO/) | $1.3M | 33,078 | 0.7% | 3 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $1.2M | 8,265 | 0.7% | 29 |
| BLACKROCK ETF TRUST II | [BINC](https://holderbook.com/stocks/BINC/) | $1.1M | 20,628 | 0.6% | 7 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $1.1M | 14,356 | 0.6% | 29 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $1.0M | 7,519 | 0.6% | 29 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $1.0M | 4,100 | 0.6% | 29 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.0M | 4,286 | 0.6% | 29 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $958.2K | 2,381 | 0.5% | 13 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $952.1K | 13,084 | 0.5% | 18 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $901.8K | 10,091 | 0.5% | 29 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $892.9K | 17,430 | 0.5% | 12 |
| BLACKROCK ETF TRUST | [BAI](https://holderbook.com/stocks/BAI/) | $871.1K | 25,502 | 0.5% | 2 |
| CAPITAL GROUP DIVIDEND VALUE | [CGDV](https://holderbook.com/stocks/CGDV/) | $842.5K | 20,045 | 0.5% | 13 |
| AMPLIFY ETF TR | [HACK](https://holderbook.com/stocks/HACK/) | $816.9K | 9,411 | 0.5% | 4 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $813.8K | 1,830 | 0.5% | 29 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $799.8K | 4,084 | 0.4% | 12 |
| J P MORGAN EXCHANGE TRADED F | [HELO](https://holderbook.com/stocks/HELO/) | $799.1K | 12,294 | 0.4% | 4 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $793.7K | 1,296 | 0.4% | 29 |
| PACER FDS TR | [CALF](https://holderbook.com/stocks/CALF/) | $774.9K | 17,700 | 0.4% | 12 |
| CAPITAL GROUP GBL GROWTH EQT | [CGGO](https://holderbook.com/stocks/CGGO/) | $750.3K | 21,959 | 0.4% | 13 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $745.8K | 13,966 | 0.4% | 29 |
| GOLDMAN SACHS ETF TR | [GBIL](https://holderbook.com/stocks/GBIL/) | $731.1K | 7,294 | 0.4% | 29 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $717.3K | 13,239 | 0.4% | 29 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $715.8K | 10,030 | 0.4% | 29 |
| INVESCO EXCHANGE TRADED FD T | [XMMO](https://holderbook.com/stocks/XMMO/) | $688.3K | 5,090 | 0.4% | 23 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $661.9K | 1,102 | 0.4% | 29 |
| ISHARES TR | [USHY](https://holderbook.com/stocks/USHY/) | $651.9K | 17,255 | 0.4% | 3 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $615.6K | 5,406 | 0.3% | 22 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $594.8K | 2,320 | 0.3% | 1 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $544.0K | 588 | 0.3% | 29 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $507.2K | 2,350 | 0.3% | 29 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $488.7K | 1,431 | 0.3% | 29 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $440.2K | 13,794 | 0.2% | 29 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $419.8K | 5,357 | 0.2% | 29 |
| AMERICAN CENTY ETF TR | [QGRO](https://holderbook.com/stocks/QGRO/) | $417.6K | 3,650 | 0.2% | 15 |
| BLACKROCK ETF TRUST II | [HIMU](https://holderbook.com/stocks/HIMU/) | $390.9K | 7,946 | 0.2% | 3 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $390.2K | 4,099 | 0.2% | 29 |
| ISHARES TR | [IWY](https://holderbook.com/stocks/IWY/) | $381.4K | 1,394 | 0.2% | 29 |
| FRANKLIN TEMPLETON ETF TR | [FLMI](https://holderbook.com/stocks/FLMI/) | $375.1K | 15,143 | 0.2% | 12 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $357.4K | 711 | 0.2% | 29 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $332.3K | 5,113 | 0.2% | 5 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $327.4K | 8,488 | 0.2% | 14 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $306.5K | 3,431 | 0.2% | 29 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $298.9K | 12,930 | 0.2% | 29 |
| WISDOMTREE TR | [IQDG](https://holderbook.com/stocks/IQDG/) | $289.4K | 7,256 | 0.2% | 12 |
| ISHARES TR | [IGF](https://holderbook.com/stocks/IGF/) | $288.9K | 5,132 | 0.2% | 29 |
| PACER FDS TR | [COWG](https://holderbook.com/stocks/COWG/) | $283.5K | 7,810 | 0.2% | 3 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $265.0K | 3,358 | 0.1% | 29 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $261.4K | 218 | 0.1% | 29 |
| PIMCO ETF TR | [PYLD](https://holderbook.com/stocks/PYLD/) | $258.3K | 9,625 | 0.1% | 5 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $252.7K | 9,595 | 0.1% | 29 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $249.5K | 887 | 0.1% | 22 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $246.4K | 1,200 | 0.1% | 11 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $233.8K | 1,397 | 0.1% | 22 |
| PULTE GROUP INC | [PHM](https://holderbook.com/stocks/PHM/) | $231.8K | 1,754 | 0.1% | 1 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $229.4K | 1,190 | 0.1% | 7 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $224.8K | 480 | 0.1% | 29 |
| AMERICAN CENTY ETF TR | [FLV](https://holderbook.com/stocks/FLV/) | $216.0K | 2,929 | 0.1% | 3 |

## 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 2025 | +7.2% | +7.8% | -0.7% | 100% |
| Q2 2025 | +9.4% | +10.5% | -1.1% | 100% |
| Q1 2025 | -3.7% | -4.6% | +0.9% | 100% |
| Q4 2024 | +0.7% | +2.1% | -1.5% | 102% |
| Q3 2024 | +5.4% | +5.4% | -0.0% | 100% |
| Q2 2024 | +2.4% | +4.0% | -1.7% | 101% |
| Q1 2024 | +7.2% | +10.0% | -2.8% | 102% |
| Q4 2023 | +9.8% | +11.2% | -1.4% | 101% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2025 | $177.9M | 104 |
| Q2 2025 | $1.2B | 610 |
| Q1 2025 | $1.4B | 707 |
| Q4 2024 | $1.8B | 733 |
| Q3 2024 | $1.8B | 750 |
| Q2 2024 | $1.6B | 716 |
| Q1 2024 | $1.7B | 755 |
| Q4 2023 | $1.5B | 723 |
| Q3 2023 | $1.4B | 696 |
| Q2 2023 | $1.4B | 694 |
| Q1 2023 | $1.4B | 744 |
| Q4 2022 | $1.3B | 753 |