# MACRO Consulting Group

> Institutional holdings reported to the SEC as of Q2 2021 on Form 13F. CIK 1762388. Source: https://holderbook.com/funds/1762388-macro-consulting-group/

- Reported value: $194.2M
- Positions: 102
- Weight of the ten largest: 44.3%
- Filed: 2021-08-16

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 |
|---|---|---|---|---|---|
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $17.2M | 149,259 | 8.9% | 6 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $16.7M | 495,211 | 8.6% | 1 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $10.7M | 39,910 | 5.5% | 11 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $7.9M | 69,808 | 4.1% | 11 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $7.3M | 69,666 | 3.8% | 11 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $6.4M | 60,654 | 3.3% | 2 |
| ISHARES TR | [IJJ](https://holderbook.com/stocks/IJJ/) | $5.2M | 49,564 | 2.7% | 11 |
| ISHARES TR | [QLTA](https://holderbook.com/stocks/QLTA/) | $5.2M | 90,947 | 2.7% | 5 |
| WISDOMTREE TR | [XSOE](https://holderbook.com/stocks/XSOE/) | $4.9M | 117,087 | 2.5% | 4 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $4.4M | 18,840 | 2.2% | 11 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $4.3M | 19,398 | 2.2% | 8 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $3.2M | 13,150 | 1.6% | 10 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.7M | 17,309 | 1.4% | 4 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $2.6M | 47,765 | 1.4% | 5 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $2.6M | 3,009 | 1.4% | 11 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $2.6M | 15,570 | 1.3% | 6 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $2.6M | 57,852 | 1.3% | 9 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $2.5M | 12,252 | 1.3% | 11 |
| ADVANCE AUTO PARTS INC | [AAP](https://holderbook.com/stocks/AAP/) | $2.4M | 11,854 | 1.3% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.4M | 8,522 | 1.2% | 6 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $2.4M | 21,103 | 1.2% | 5 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $2.3M | 44,974 | 1.2% | 11 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $2.3M | 42,382 | 1.2% | 11 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $2.3M | 26,500 | 1.2% | 6 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $2.3M | 29,164 | 1.2% | 9 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $2.3M | 39,705 | 1.2% | 11 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.2M | 13,619 | 1.2% | 11 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $2.2M | 20,314 | 1.2% | 11 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $2.2M | 11,536 | 1.1% | 11 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $2.2M | 16,612 | 1.1% | 11 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $2.2M | 15,597 | 1.1% | 11 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $2.2M | 34,790 | 1.1% | 11 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $2.2M | 21,827 | 1.1% | 11 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $2.2M | 10,133 | 1.1% | 11 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $2.1M | 9,754 | 1.1% | 11 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $2.1M | 10,472 | 1.1% | 2 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $2.1M | 21,101 | 1.1% | 11 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.0M | 38,460 | 1.0% | 11 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $2.0M | 22,310 | 1.0% | 11 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $2.0M | 17,288 | 1.0% | 11 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $2.0M | 23,114 | 1.0% | 6 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $2.0M | 8,041 | 1.0% | 11 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.9M | 34,398 | 1.0% | 11 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $1.6M | 34,868 | 0.8% | 1 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.6M | 3,777 | 0.8% | 11 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $1.3M | 14,653 | 0.7% | 5 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $1.2M | 10,392 | 0.6% | 11 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $910.0K | 11,015 | 0.5% | 5 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $892.0K | 2,084 | 0.5% | 8 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $891.0K | 17,393 | 0.5% | 5 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $878.0K | 1,840 | 0.5% | 6 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $844.0K | 15,588 | 0.4% | 5 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $835.0K | 6,089 | 0.4% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $750.0K | 218 | 0.4% | 11 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $742.0K | 3,382 | 0.4% | 2 |
| ISHARES TR | [FLOT](https://holderbook.com/stocks/FLOT/) | $717.0K | 14,092 | 0.4% | 11 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $655.0K | 24,273 | 0.3% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $564.0K | 704 | 0.3% | 7 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $533.0K | 211 | 0.3% | 8 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $511.0K | 1,350 | 0.3% | 6 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $503.0K | 7,165 | 0.3% | 6 |
| FIRSTSERVICE CORP NEW | [FSV](https://holderbook.com/stocks/FSV/) | $487.0K | 2,836 | 0.3% | 6 |
| SIMPLY GOOD FOODS CO | [SMPL](https://holderbook.com/stocks/SMPL/) | $473.0K | 12,988 | 0.2% | 6 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $471.0K | 6,471 | 0.2% | 4 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $458.0K | 1,317 | 0.2% | 7 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $451.0K | 3,293 | 0.2% | 6 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $444.0K | 1,291 | 0.2% | 6 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $436.0K | 1,150 | 0.2% | 3 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $436.0K | 1,493 | 0.2% | 6 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $425.0K | 1,175 | 0.2% | 6 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $412.0K | 1,000 | 0.2% | 6 |
| LABORATORY CORP AMER HLDGS | [LH](https://holderbook.com/stocks/LH/) | $407.0K | 1,473 | 0.2% | 6 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $396.0K | 1,323 | 0.2% | 5 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $387.0K | 2,194 | 0.2% | 9 |
| SCHWAB STRATEGIC TR | [SCHC](https://holderbook.com/stocks/SCHC/) | $383.0K | 9,317 | 0.2% | 5 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $382.0K | 1,628 | 0.2% | 11 |
| CATALENT INC | [CTLT](https://holderbook.com/stocks/CTLT/) | $381.0K | 3,514 | 0.2% | 6 |
| TWITTER INC | [TWTR](https://holderbook.com/stocks/TWTR/) | $376.0K | 5,456 | 0.2% | 4 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $373.0K | 1,932 | 0.2% | 9 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $372.0K | 1,524 | 0.2% | 5 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $371.0K | 168 | 0.2% | 5 |
| CARMAX INC | [KMX](https://holderbook.com/stocks/KMX/) | $367.0K | 2,837 | 0.2% | 5 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $357.0K | 1,855 | 0.2% | 6 |
| SPDR SERIES TRUST | [SLYV](https://holderbook.com/stocks/SLYV/) | $356.0K | 4,102 | 0.2% | 4 |
| REVVITY INC | [RVTY](https://holderbook.com/stocks/RVTY/) | $347.0K | 2,244 | 0.2% | 6 |
| BRIGHT HORIZONS FAM SOL IN D | [BFAM](https://holderbook.com/stocks/BFAM/) | $337.0K | 2,279 | 0.2% | 5 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $334.0K | 950 | 0.2% | 4 |
| SENSATA TECHNOLOGIES HLDG PL | [ST](https://holderbook.com/stocks/ST/) | $331.0K | 5,732 | 0.2% | 4 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $326.0K | 275 | 0.2% | 9 |
| STERICYCLE INC | [SRCL](https://holderbook.com/stocks/SRCL/) | $319.0K | 4,505 | 0.2% | 7 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $311.0K | 1,327 | 0.2% | 2 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $304.0K | 836 | 0.2% | 6 |
| KANSAS CITY SOUTHERN | [KSU](https://holderbook.com/stocks/KSU/) | $302.0K | 1,063 | 0.2% | 5 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $292.0K | 498 | 0.2% | 2 |
| GUIDEWIRE SOFTWARE INC | [GWRE](https://holderbook.com/stocks/GWRE/) | $292.0K | 2,591 | 0.2% | 3 |
| MONSTER BEVERAGE CORP NEW | [MNST](https://holderbook.com/stocks/MNST/) | $286.0K | 3,129 | 0.1% | 5 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $282.0K | 1,607 | 0.1% | 6 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $276.0K | 1,500 | 0.1% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RSPT](https://holderbook.com/stocks/RSPT/) | $262.0K | 901 | 0.1% | 1 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $252.0K | 948 | 0.1% | 4 |

## 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 2021 | +5.0% | +8.0% | -3.1% | 100% |
| Q1 2021 | +4.9% | +6.0% | -1.1% | 100% |
| Q4 2020 | +12.1% | +11.6% | +0.5% | 108% |
| Q3 2020 | +5.9% | +8.6% | -2.7% | 100% |
| Q2 2020 | +12.3% | +19.6% | -7.3% | 93% |
| Q1 2020 | -20.1% | -19.9% | -0.2% | 100% |
| Q4 2019 | +4.1% | +8.5% | -4.4% | 99% |
| Q3 2019 | +1.9% | +1.3% | +0.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2021 | $194.2M | 102 |
| Q1 2021 | $185.0M | 102 |
| Q4 2020 | $172.4M | 102 |
| Q3 2020 | $151.9M | 95 |
| Q2 2020 | $144.2M | 93 |
| Q1 2020 | $130.4M | 84 |
| Q4 2019 | $127.0M | 66 |
| Q3 2019 | $117.4M | 60 |
| Q2 2019 | $116.4M | 57 |
| Q1 2019 | $104.5M | 51 |
| Q4 2018 | $102.5M | 57 |