# Carmichael Hill & Associates, Inc.

> Institutional holdings reported to the SEC as of Q3 2024 on Form 13F. CIK 1730295. Source: https://holderbook.com/funds/1730295-carmichael-hill-associates-inc/

- Reported value: $282.0M
- Positions: 673
- Weight of the ten largest: 33.3%
- Filed: 2024-10-29

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/) | $21.2M | 90,530 | 7.5% | 24 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $13.6M | 30,610 | 4.8% | 24 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $11.3M | 170,121 | 4.0% | 24 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $8.8M | 18,972 | 3.1% | 24 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $8.8M | 129,121 | 3.1% | 24 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $8.0M | 13,584 | 2.8% | 24 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $6.7M | 37,202 | 2.4% | 24 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $6.0M | 42,556 | 2.1% | 24 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $5.0M | 21,198 | 1.8% | 24 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.7M | 25,468 | 1.7% | 24 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $4.7M | 113,993 | 1.7% | 24 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $4.2M | 81,186 | 1.5% | 18 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $3.9M | 6,804 | 1.4% | 24 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $3.9M | 30,196 | 1.4% | 24 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $3.7M | 44,889 | 1.3% | 24 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $3.6M | 13,544 | 1.3% | 24 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $3.5M | 19,378 | 1.3% | 24 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.5M | 20,646 | 1.2% | 24 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $3.4M | 65,666 | 1.2% | 24 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $3.4M | 3,013 | 1.2% | 24 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $3.3M | 6,335 | 1.2% | 24 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $3.3M | 34,074 | 1.2% | 24 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $3.3M | 10,004 | 1.2% | 24 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $3.2M | 11,274 | 1.1% | 24 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $2.9M | 14,861 | 1.0% | 24 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.8M | 12,951 | 1.0% | 24 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.7M | 2,656 | 1.0% | 24 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.6M | 9,232 | 0.9% | 24 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $2.5M | 4,921 | 0.9% | 23 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $2.4M | 13,517 | 0.9% | 24 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $2.3M | 11,662 | 0.8% | 6 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $2.2M | 5,297 | 0.8% | 16 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.2M | 16,030 | 0.8% | 20 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $2.0M | 19,605 | 0.7% | 24 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $2.0M | 37,101 | 0.7% | 20 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $1.8M | 21,086 | 0.6% | 24 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.8M | 2,586 | 0.6% | 24 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $1.7M | 9,944 | 0.6% | 20 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $1.7M | 27,078 | 0.6% | 24 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $1.6M | 56,131 | 0.6% | 24 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.6M | 6,009 | 0.6% | 20 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.6M | 3,177 | 0.5% | 24 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.5M | 9,092 | 0.5% | 24 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.5M | 32,186 | 0.5% | 24 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.4M | 16,449 | 0.5% | 24 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.4M | 3,161 | 0.5% | 24 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.4M | 6,023 | 0.5% | 24 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $1.4M | 12,114 | 0.5% | 24 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.4M | 22,187 | 0.5% | 24 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.4M | 30,589 | 0.5% | 24 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.3M | 6,760 | 0.5% | 24 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $1.3M | 22,456 | 0.5% | 20 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $1.3M | 13,872 | 0.5% | 24 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.3M | 1,941 | 0.4% | 24 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $1.2M | 4,666 | 0.4% | 20 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.2M | 7,976 | 0.4% | 18 |
| COHEN & STEERS LTD DURATION | [LDP](https://holderbook.com/stocks/LDP/) | $1.2M | 55,564 | 0.4% | 24 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.1M | 21,043 | 0.4% | 24 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $1.1M | 11,075 | 0.4% | 4 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.1M | 6,618 | 0.4% | 24 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $1.1M | 1,565 | 0.4% | 24 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $1.1M | 13,583 | 0.4% | 19 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $1.0M | 2,688 | 0.4% | 24 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $1.0M | 3,905 | 0.4% | 24 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.0M | 4,441 | 0.4% | 24 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.0M | 8,028 | 0.4% | 24 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $936.3K | 6,250 | 0.3% | 20 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $911.7K | 4,796 | 0.3% | 24 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $867.3K | 16,993 | 0.3% | 24 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $855.9K | 3,791 | 0.3% | 24 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $853.9K | 9,725 | 0.3% | 20 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $826.6K | 9,166 | 0.3% | 20 |
| ETFS GOLD TR | [SGOL](https://holderbook.com/stocks/SGOL/) | $797.8K | 31,747 | 0.3% | 20 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $796.8K | 3,486 | 0.3% | 22 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $750.6K | 22,589 | 0.3% | 24 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $749.6K | 4,471 | 0.3% | 24 |
| VANGUARD WORLD FD | [VOX](https://holderbook.com/stocks/VOX/) | $727.3K | 5,002 | 0.3% | 15 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $713.1K | 6,280 | 0.3% | 24 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $694.5K | 15,325 | 0.2% | 20 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $681.9K | 6,204 | 0.2% | 24 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $675.7K | 3,144 | 0.2% | 21 |
| VANGUARD SCOTTSDALE FDS | [VTHR](https://holderbook.com/stocks/VTHR/) | $672.0K | 2,649 | 0.2% | 6 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $666.0K | 1,761 | 0.2% | 20 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $639.2K | 12,262 | 0.2% | 11 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $615.9K | 844 | 0.2% | 23 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $614.6K | 3,673 | 0.2% | 24 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $613.5K | 5,430 | 0.2% | 20 |
| SPROTT ASSET MANAGEMENT LP | [CEF](https://holderbook.com/stocks/CEF/) | $602.7K | 24,612 | 0.2% | 21 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $589.8K | 7,495 | 0.2% | 20 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $582.8K | 5,055 | 0.2% | 24 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $574.5K | 19,850 | 0.2% | 24 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $568.8K | 1,817 | 0.2% | 15 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $562.1K | 9,304 | 0.2% | 20 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $554.7K | 2,555 | 0.2% | 24 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $553.3K | 4,558 | 0.2% | 24 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $543.3K | 7,560 | 0.2% | 24 |
| INVESCO EXCHANGE TRADED FD T | [RSPF](https://holderbook.com/stocks/RSPF/) | $543.1K | 7,873 | 0.2% | 23 |
| VANGUARD SCOTTSDALE FDS | [VONV](https://holderbook.com/stocks/VONV/) | $539.1K | 6,469 | 0.2% | 17 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $520.6K | 2,518 | 0.2% | 24 |
| THE TRADE DESK INC | [TTD](https://holderbook.com/stocks/TTD/) | $509.9K | 4,350 | 0.2% | 20 |

## 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 2024 | +6.7% | +5.4% | +1.2% | 96% |
| Q2 2024 | +2.8% | +4.0% | -1.2% | 96% |
| Q1 2024 | +6.9% | +10.0% | -3.1% | 94% |
| Q4 2023 | +10.3% | +11.2% | -0.9% | 94% |
| Q3 2023 | -4.3% | -3.6% | -0.7% | 94% |
| Q2 2023 | +6.8% | +8.3% | -1.5% | 94% |
| Q1 2023 | +6.0% | +7.0% | -1.0% | 93% |
| Q4 2022 | +6.9% | +7.1% | -0.2% | 93% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2024 | $282.0M | 673 |
| Q2 2024 | $255.0M | 681 |
| Q1 2024 | $252.8M | 675 |
| Q4 2023 | $241.4M | 696 |
| Q3 2023 | $217.3M | 699 |
| Q2 2023 | $223.7M | 703 |
| Q1 2023 | $207.3M | 700 |
| Q4 2022 | $195.0M | 696 |
| Q3 2022 | $185.7M | 723 |
| Q2 2022 | $190.4M | 721 |
| Q1 2022 | $217.2M | 706 |
| Q4 2021 | $222.9M | 710 |