Financial Advocates Investment Management
Reported holdings as of Q3 2025, from 29 quarterly filings.
This filer last reported in Q3 2025; the most recent quarter on file across all filers is Q2 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| APPLE INC | AAPL | $18.2M | 71,372 | +6.50pp | 29q | -67.9%-$38.4M | |
| SPDR GOLD TR | GLD | $7.8M | 21,837 | +3.01pp | 29q | -57.7%-$10.6M | |
| ISHARES TR | AOA | $6.3M | 71,608 | +3.06pp | 11q | HELD | |
| PIMCO ETF TR | MINT | $6.0M | 59,889 | +2.79pp | 2q | -18.0%-$1.3M | |
| ISHARES TR | IVV | $5.7M | 8,485 | +2.03pp | 29q | -63.2%-$9.8M | |
| ISHARES TR | IUSB | $4.7M | 101,424 | +2.18pp | 21q | -20.6%-$1.2M | |
| INVESCO EXCHANGE TRADED FD T | XLG | $4.6M | 80,409 | +2.23pp | 22q | -7.5%-$377.0K | |
| PACER FDS TR | PTLC | $4.5M | 82,362 | +2.09pp | 29q | -23.4%-$1.4M | |
| ISHARES TR | AOM | $4.4M | 93,348 | +2.16pp | 12q | +4.4%+$185.2K | |
| ISHARES TR | ITA | $4.2M | 19,979 | +2.04pp | 29q | -1.8%-$78.5K | |
| VANGUARD INDEX FDS | VTI | $4.1M | 12,358 | -0.07pp | 29q | -87.0%-$27.2M | |
| STATE STR SPDR S&P 500 ETF T | SPY | $4.0M | 5,931 | -1.27pp | 29q | -91.4%-$42.1M | |
| J P MORGAN EXCHANGE TRADED F | JGRO | $3.9M | 41,414 | +0.97pp | 9q | -76.0%-$12.3M | |
| VANGUARD BD INDEX FDS | BND | $3.7M | 49,253 | +1.19pp | 29q | -65.8%-$7.1M | |
| INVESCO EXCH TRADED FD TR II | SPMO | $3.7M | 30,187 | +1.73pp | 12q | -13.6%-$576.1K | |
| VANGUARD WORLD FD | VPU | $3.1M | 16,395 | +1.49pp | 7q | -7.5%-$251.0K | |
| BLACKROCK ETF TRUST | DYNF | $3.0M | 50,979 | +1.46pp | 7q | -2.4%-$75.1K | |
| ISHARES TR | IVW | $3.0M | 24,989 | +0.25pp | 29q | -84.5%-$16.4M | |
| INVESCO EXCH TRADED FD TR II | QQQM | $3.0M | 12,012 | +1.37pp | 16q | -25.4%-$1.0M | |
| ISHARES TR | MUB | $2.9M | 27,564 | +1.24pp | 29q | -42.7%-$2.2M | |
| ETF SER SOLUTIONS | SPDV | $2.8M | 79,724 | +1.34pp | 29q | -1.3%-$36.5K | |
| ISHARES TR | IGSB | $2.7M | 51,395 | +1.28pp | 6q | -11.2%-$344.4K | |
| ISHARES TR | EFV | $2.5M | 37,332 | +1.21pp | 6q | -7.7%-$211.2K | |
| ISHARES SILVER TR | SLV | $2.4M | 57,484 | +1.09pp | 29q | -44.8%-$2.0M | |
| MICROSOFT CORP | MSFT | $2.4M | 4,562 | -0.81pp | 29q | -91.3%-$24.9M | |
| ISHARES TR | IEF | $2.4M | 24,395 | +0.94pp | 29q | -49.2%-$2.3M | |
| ISHARES TR | QUAL | $2.3M | 12,028 | -0.36pp | 24q | -89.3%-$19.5M | |
| ISHARES TR | USMV | $2.2M | 21,568 | +0.98pp | 29q | -37.8%-$1.3M | |
| ISHARES TR | IVE | $2.1M | 10,181 | +0.24pp | 29q | -82.8%-$10.2M | |
| ISHARES TR | OEF | $2.0M | 6,106 | +1.00pp | 10q | +7.3%+$137.8K | |
| ISHARES INC | IEMG | $1.9M | 29,509 | -0.41pp | 29q | -90.4%-$18.4M | |
| META PLATFORMS INC | META | $1.7M | 2,343 | +0.54pp | 29q | -66.7%-$3.5M | |
| ALPHABET INC | GOOG | $1.7M | 7,052 | +0.72pp | 29q | -58.6%-$2.4M | |
| SPROTT ASSET MANAGEMENT LP | PSLV | $1.7M | 105,499 | +0.83pp | 17q | +2.6%+$42.4K | |
| PIMCO ETF TR | ZROZ | $1.5M | 22,499 | - | new | NEW | |
| NVIDIA CORPORATION | NVDA | $1.5M | 8,160 | -2.28pp | 29q | -96.6%-$43.9M | |
| ISHARES TR | MBB | $1.4M | 15,174 | -0.46pp | 20q | -90.8%-$14.3M | |
| AMAZON COM INC | AMZN | $1.4M | 6,391 | -0.25pp | 29q | -88.8%-$11.2M | |
| ISHARES TR | STIP | $1.4M | 13,137 | +0.57pp | 18q | -42.3%-$994.5K | |
| PACER FDS TR | COWZ | $1.3M | 22,885 | +0.18pp | 16q | -81.7%-$5.9M | |
| VANGUARD INDEX FDS | VNQ | $1.3M | 14,009 | +0.65pp | 29q | +37.3%+$347.8K | |
| VANECK ETF TRUST | GDX | $1.3M | 16,749 | +0.61pp | 28q | -30.9%-$571.2K | |
| BLACKROCK ETF TRUST | THRO | $1.3M | 33,078 | +0.61pp | 3q | -0.7%-$8.9K | |
| VANGUARD WHITEHALL FDS | VYM | $1.2M | 8,265 | +0.50pp | 29q | -41.8%-$837.5K | |
| BLACKROCK ETF TRUST II | BINC | $1.1M | 20,628 | +0.50pp | 7q | -22.8%-$324.5K | |
| VANGUARD STAR FDS | VXUS | $1.1M | 14,356 | +0.51pp | 29q | -7.0%-$78.9K | |
| SELECT SECTOR SPDR TR | XLV | $1.0M | 7,519 | +0.41pp | 29q | -52.8%-$1.2M | |
| VANGUARD INDEX FDS | VB | $1.0M | 4,100 | +0.23pp | 29q | -77.7%-$3.6M | |
| ALPHABET INC | GOOGL | $1.0M | 4,286 | +0.22pp | 29q | -83.1%-$5.1M | |
| VANGUARD WORLD FD | MGK | $958.2K | 2,381 | +0.44pp | 13q | -30.6%-$422.1K | |
| ISHARES GOLD TR | IAU | $952.1K | 13,084 | +0.38pp | 18q | -56.9%-$1.3M | |
| ISHARES TR | TLT | $901.8K | 10,091 | +0.17pp | 29q | -78.3%-$3.2M | |
| ISHARES TR | IAGG | $892.9K | 17,430 | +0.40pp | 12q | -30.3%-$388.1K | |
| BLACKROCK ETF TRUST | BAI | $871.1K | 25,502 | +0.47pp | 2q | +184.5%+$564.9K | |
| CAPITAL GROUP DIVIDEND VALUE | CGDV | $842.5K | 20,045 | -0.42pp | 13q | -92.8%-$10.8M | |
| AMPLIFY ETF TR | HACK | $816.9K | 9,411 | +0.38pp | 4q | -14.6%-$139.4K | |
| TESLA INC | TSLA | $813.8K | 1,830 | -0.64pp | 29q | -95.7%-$17.9M | |
| ISHARES TR | IYW | $799.8K | 4,084 | +0.30pp | 12q | -62.1%-$1.3M | |
| J P MORGAN EXCHANGE TRADED F | HELO | $799.1K | 12,294 | +0.39pp | 4q | +12.7%+$89.8K | |
| VANGUARD INDEX FDS | VOO | $793.7K | 1,296 | +0.20pp | 29q | -75.5%-$2.5M | |
| PACER FDS TR | CALF | $774.9K | 17,700 | +0.29pp | 12q | -61.1%-$1.2M | |
| CAPITAL GROUP GBL GROWTH EQT | CGGO | $750.3K | 21,959 | +0.31pp | 13q | -49.5%-$735.1K | |
| ISHARES TR | EEM | $745.8K | 13,966 | +0.34pp | 29q | -26.1%-$264.1K | |
| GOLDMAN SACHS ETF TR | GBIL | $731.1K | 7,294 | +0.30pp | 29q | -47.9%-$671.4K | |
| VANGUARD INTL EQUITY INDEX F | VWO | $717.3K | 13,239 | +0.21pp | 29q | -73.0%-$1.9M | |
| VANGUARD INTL EQUITY INDEX F | VEU | $715.8K | 10,030 | +0.32pp | 29q | -34.9%-$383.8K | |
| INVESCO EXCHANGE TRADED FD T | XMMO | $688.3K | 5,090 | +0.25pp | 23q | -62.0%-$1.1M | |
| INVESCO QQQ TR | QQQ | $661.9K | 1,102 | -0.36pp | 29q | -92.8%-$8.5M | |
| ISHARES TR | USHY | $651.9K | 17,255 | +0.31pp | 3q | -7.5%-$52.6K | |
| ISHARES TR | EFG | $615.6K | 5,406 | +0.23pp | 22q | -57.0%-$815.2K | |
| ISHARES TR | IQLT | $594.8K | 2,320 | - | new | NEW | |
| COSTCO WHOLESALE CORPORATION | COST | $544.0K | 588 | -0.04pp | 29q | -86.3%-$3.4M | |
| VANGUARD SPECIALIZED FUNDS | VIG | $507.2K | 2,350 | +0.20pp | 29q | -53.4%-$581.0K | |
| VISA INC | V | $488.7K | 1,431 | -0.16pp | 29q | -90.5%-$4.7M | |
| SCHWAB STRATEGIC TR | SCHG | $440.2K | 13,794 | +0.05pp | 29q | -83.3%-$2.2M | |
| SELECT SECTOR SPDR TR | XLP | $419.8K | 5,357 | +0.18pp | 29q | -37.2%-$249.0K | |
| AMERICAN CENTY ETF TR | QGRO | $417.6K | 3,650 | +0.19pp | 15q | -29.3%-$173.1K | |
| BLACKROCK ETF TRUST II | HIMU | $390.9K | 7,946 | +0.20pp | 3q | +38.3%+$108.3K | |
| ISHARES TR | EMB | $390.2K | 4,099 | +0.19pp | 29q | -5.4%-$22.3K | |
| ISHARES TR | IWY | $381.4K | 1,394 | +0.17pp | 29q | -30.9%-$170.2K | |
| FRANKLIN TEMPLETON ETF TR | FLMI | $375.1K | 15,143 | +0.12pp | 12q | -68.3%-$807.5K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $357.4K | 711 | -0.07pp | 29q | -89.5%-$3.0M | |
| ISHARES BITCOIN TRUST ETF | IBIT | $332.3K | 5,113 | +0.15pp | 5q | -21.2%-$89.3K | |
| DIMENSIONAL ETF TRUST | DFAC | $327.4K | 8,488 | -0.05pp | 14q | -89.5%-$2.8M | |
| SELECT SECTOR SPDR TR | XLE | $306.5K | 3,431 | -0.09pp | 29q | -91.0%-$3.1M | |
| ISHARES TR | GOVT | $298.9K | 12,930 | -1.60pp | 29q | -98.6%-$21.6M | |
| WISDOMTREE TR | IQDG | $289.4K | 7,256 | -0.53pp | 12q | -96.6%-$8.3M | |
| ISHARES TR | IGF | $288.9K | 5,132 | -0.39pp | 29q | -95.5%-$6.2M | |
| PACER FDS TR | COWG | $283.5K | 7,810 | -0.01pp | 3q | -87.0%-$1.9M | |
| VANGUARD BD INDEX FDS | BSV | $265.0K | 3,358 | -0.20pp | 29q | -93.8%-$4.0M | |
| NETFLIX INC | NFLX | $261.4K | 218 | -0.05pp | 29q | -87.9%-$1.9M | |
| PIMCO ETF TR | PYLD | $258.3K | 9,625 | +0.12pp | 5q | -20.0%-$64.7K | |
| SCHWAB STRATEGIC TR | SCHX | $252.7K | 9,595 | flat | 29q | -86.1%-$1.6M | |
| ORACLE CORP | ORCL | $249.5K | 887 | +0.05pp | 22q | -81.4%-$1.1M | |
| CINTAS CORP | CTAS | $246.4K | 1,200 | +0.09pp | 11q | -59.1%-$356.4K | |
| RTX CORPORATION | RTX | $233.8K | 1,397 | +0.06pp | 22q | -77.2%-$789.3K | |
| PULTE GROUP INC | PHM | $231.8K | 1,754 | - | new | NEW | |
| MARATHON PETE CORP | MPC | $229.4K | 1,190 | +0.10pp | 7q | -35.2%-$124.7K | |
| ISHARES TR | IWF | $224.8K | 480 | +0.04pp | 29q | -80.6%-$934.5K | |
| AMERICAN CENTY ETF TR | FLV | $216.0K | 2,929 | +0.10pp | 3q | HELD | |
| J P MORGAN EXCHANGE TRADED F | JPSE | $214.9K | 4,314 | -0.23pp | 7q | -95.5%-$4.5M | |
| MASTERCARD INCORPORATED | MA | $211.9K | 373 | +0.02pp | 29q | -82.2%-$976.6K | |
| VANGUARD INDEX FDS | VO | $203.0K | 691 | -0.10pp | 29q | -92.6%-$2.5M | |
| DIMENSIONAL ETF TRUST | DFAX | $200.9K | 6,401 | +0.09pp | 3q | -14.4%-$33.8K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Computer Hardware | $18.2M | 10.2% |
| Capital Markets | $13.1M | 7.4% |
| Software & IT Services | $7.1M | 4.0% |
| Funds & ETFs | $4.6M | 2.6% |
| Other sectors | $6.5M | 3.7% |
| Not classified | $128.3M | 72.1% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2025 | $177.9M | 104 | 3 | 7 | 92 | 509 | 37.4% | 37 |
| Q2 2025 | $1.2B | 610 | 61 | 132 | 383 | 158 | 23.5% | 43 |
| Q1 2025 | $1.4B | 707 | 48 | 247 | 340 | 74 | 19.3% | 28 |
| Q4 2024 | $1.8B | 733 | 54 | 293 | 329 | 71 | 23.8% | 27 |
| Q3 2024 | $1.8B | 750 | 63 | 343 | 258 | 29 | 22.9% | 25 |
| Q2 2024 | $1.6B | 716 | 52 | 284 | 318 | 91 | 24.3% | 29 |
| Q1 2024 | $1.7B | 755 | 71 | 326 | 265 | 39 | 22.2% | 31 |
| Q4 2023 | $1.5B | 723 | 85 | 323 | 263 | 58 | 21.3% | 39 |
| Q3 2023 | $1.4B | 696 | 46 | 311 | 244 | 44 | 19.5% | 27 |
| Q2 2023 | $1.4B | 694 | 42 | 271 | 292 | 92 | 20.9% | 38 |
| Q1 2023 | $1.4B | 744 | 73 | 315 | 266 | 82 | 18.9% | 41 |
| Q4 2022 | $1.3B | 753 | 150 | 300 | 244 | 144 | 17.8% | 46 |
| Q3 2022 | $1.2B | 747 | 163 | 262 | 266 | 99 | 17.5% | 45 |
| Q2 2022 | $1.2B | 683 | 80 | 233 | 320 | 123 | 19.9% | 43 |
| Q1 2022 | $1.5B | 726 | 69 | 294 | 279 | 108 | 19.9% | 41 |
| Q4 2021 | $1.6B | 765 | 86 | 316 | 281 | 60 | 19.7% | 45 |
| Q3 2021 | $1.5B | 739 | 68 | 333 | 247 | 61 | 18.9% | 35 |
| Q2 2021 | $1.5B | 732 | 86 | 250 | 327 | 100 | 19.4% | 34 |
| Q1 2021 | $1.4B | 746 | 92 | 263 | 318 | 60 | 18.9% | 40 |
| Q4 2020 | $1.5B | 714 | 118 | 308 | 215 | 30 | 20.3% | 43 |
| Q3 2020 | $1.2B | 626 | 76 | 220 | 247 | 57 | 22.3% | 35 |
| Q2 2020 | $1.1B | 607 | 161 | 229 | 158 | 27 | 19.9% | 45 |
| Q1 2020 | $700.9M | 473 | 50 | 187 | 198 | 87 | 19.7% | 29 |
| Q4 2019 | $939.2M | 510 | 63 | 234 | 156 | 32 | 23.0% | 44 |
| Q3 2019 | $875.7M | 479 | 39 | 185 | 178 | 27 | 23.0% | 44 |
| Q2 2019 | $862.6M | 467 | 34 | 196 | 184 | 23 | 23.6% | 39 |
| Q1 2019 | $804.0M | 456 | 53 | 170 | 167 | 17 | 22.1% | 46 |
| Q4 2018 | $732.7M | 420 | 27 | 139 | 222 | 108 | 22.3% | 129 |
| Q3 2018 | $895.6M | 501 | 0 | 0 | 0 | 0 | 23.1% | 284 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.