# TimeScale Financial, Inc.

> Institutional holdings reported to the SEC as of Q2 2023 on Form 13F. CIK 1765054. Source: https://holderbook.com/funds/1765054-timescale-financial-inc/

- Reported value: $463.2M
- Positions: 628
- Weight of the ten largest: 75.8%
- Filed: 2023-07-27

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 | [IVV](https://holderbook.com/stocks/IVV/) | $112.5M | 252,303 | 24.3% | 19 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $89.9M | 2,522,405 | 19.4% | 19 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $39.1M | 537,919 | 8.4% | 19 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $32.3M | 123,576 | 7.0% | 19 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $16.5M | 670,426 | 3.6% | 19 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $14.5M | 145,416 | 3.1% | 19 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $13.2M | 175,978 | 2.9% | 19 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $11.5M | 353,187 | 2.5% | 13 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $11.1M | 127,858 | 2.4% | 19 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $10.6M | 43,393 | 2.3% | 19 |
| PIMCO ETF TR | [BOND](https://holderbook.com/stocks/BOND/) | $10.3M | 112,076 | 2.2% | 13 |
| HARTFORD FDS EXCHANGE TRADED | [HTRB](https://holderbook.com/stocks/HTRB/) | $9.8M | 294,339 | 2.1% | 2 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $9.8M | 50,457 | 2.1% | 19 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $5.6M | 163,310 | 1.2% | 13 |
| SPDR SERIES TRUST | [JNK](https://holderbook.com/stocks/JNK/) | $4.5M | 48,653 | 1.0% | 2 |
| VANGUARD WHITEHALL FDS | [VWOB](https://holderbook.com/stocks/VWOB/) | $3.8M | 60,587 | 0.8% | 2 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $3.6M | 68,699 | 0.8% | 2 |
| ISHARES TR | [IUSB](https://holderbook.com/stocks/IUSB/) | $2.8M | 61,977 | 0.6% | 2 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.7M | 12,178 | 0.6% | 19 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $2.0M | 26,975 | 0.4% | 19 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.0M | 5,747 | 0.4% | 19 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.9M | 4,398 | 0.4% | 18 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $1.6M | 12,133 | 0.4% | 2 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $1.5M | 8,082 | 0.3% | 19 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $1.4M | 14,559 | 0.3% | 2 |
| ISHARES TR | [IWX](https://holderbook.com/stocks/IWX/) | $1.3M | 19,648 | 0.3% | 6 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.2M | 9,436 | 0.3% | 19 |
| FACTSET RESH SYS INC | [FDS](https://holderbook.com/stocks/FDS/) | $948.8K | 2,368 | 0.2% | 19 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $924.3K | 3,851 | 0.2% | 19 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $865.7K | 11,647 | 0.2% | 2 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $841.7K | 11,188 | 0.2% | 2 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $839.6K | 8,581 | 0.2% | 19 |
| ISHARES TR | [IYY](https://holderbook.com/stocks/IYY/) | $812.1K | 7,496 | 0.2% | 19 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $763.3K | 1,722 | 0.2% | 19 |
| MODERNA INC | [MRNA](https://holderbook.com/stocks/MRNA/) | $742.1K | 6,108 | 0.2% | 13 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $735.3K | 6,754 | 0.2% | 12 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $689.4K | 14,086 | 0.1% | 2 |
| SPDR SERIES TRUST | [TFI](https://holderbook.com/stocks/TFI/) | $674.6K | 14,615 | 0.1% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $639.2K | 2,442 | 0.1% | 17 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $626.6K | 6,718 | 0.1% | 2 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $589.1K | 2,082 | 0.1% | 19 |
| SPDR SERIES TRUST | [SPTI](https://holderbook.com/stocks/SPTI/) | $568.5K | 20,096 | 0.1% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $565.4K | 1,658 | 0.1% | 19 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $562.1K | 3,704 | 0.1% | 19 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $559.7K | 4,627 | 0.1% | 19 |
| PIMCO ETF TR | [CORP](https://holderbook.com/stocks/CORP/) | $544.3K | 5,739 | 0.1% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $534.8K | 4,468 | 0.1% | 19 |
| HARTFORD FDS EXCHANGE TRADED | [HFSI](https://holderbook.com/stocks/HFSI/) | $505.6K | 15,201 | 0.1% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $493.3K | 1,719 | 0.1% | 19 |
| WISDOMTREE TR | [XSOE](https://holderbook.com/stocks/XSOE/) | $481.9K | 17,243 | 0.1% | 2 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $481.2K | 4,380 | 0.1% | 8 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $425.0K | 3,176 | 0.1% | 19 |
| ISHARES TR | [GNMA](https://holderbook.com/stocks/GNMA/) | $421.2K | 9,607 | 0.1% | 1 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $410.6K | 4,206 | 0.1% | 19 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $404.8K | 8,213 | 0.1% | 9 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $400.7K | 3,737 | 0.1% | 19 |
| NUSHARES ETF TR | [NUBD](https://holderbook.com/stocks/NUBD/) | $389.7K | 17,724 | 0.1% | 2 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $375.4K | 1,935 | 0.1% | 19 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $367.7K | 2,002 | 0.1% | 19 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $366.8K | 3,182 | 0.1% | 1 |
| VANECK ETF TRUST | [ITM](https://holderbook.com/stocks/ITM/) | $366.6K | 7,958 | 0.1% | 2 |
| ANSYS INC | [ANSS](https://holderbook.com/stocks/ANSS/) | $356.7K | 1,080 | 0.1% | 12 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $347.3K | 7,521 | 0.1% | 19 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $334.8K | 8,057 | 0.1% | 19 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $330.2K | 2,862 | 0.1% | 17 |
| SCHWAB STRATEGIC TR | [SCHI](https://holderbook.com/stocks/SCHI/) | $323.6K | 7,346 | 0.1% | 2 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $321.0K | 3,785 | 0.1% | 17 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $320.1K | 866 | 0.1% | 19 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $314.4K | 19,715 | 0.1% | 19 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $306.0K | 4,426 | 0.1% | 19 |
| HARTFORD INSURANCE GROUP INC | [HIG](https://holderbook.com/stocks/HIG/) | $302.8K | 4,204 | 0.1% | 17 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $293.9K | 985 | 0.1% | 17 |
| ISHARES TR | [AOA](https://holderbook.com/stocks/AOA/) | $290.3K | 4,376 | 0.1% | 17 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $284.9K | 1,538 | 0.1% | 19 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $284.4K | 442 | 0.1% | 17 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $283.0K | 9,863 | 0.1% | 19 |
| ISHARES TR | [SHYG](https://holderbook.com/stocks/SHYG/) | $275.4K | 6,645 | 0.1% | 19 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $263.9K | 7,096 | 0.1% | 19 |
| ISHARES TR | [IDV](https://holderbook.com/stocks/IDV/) | $259.4K | 9,852 | 0.1% | 17 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $258.7K | 7,382 | 0.1% | 19 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $252.5K | 1,777 | 0.1% | 19 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $249.9K | 1,510 | 0.1% | 19 |
| ISHARES TR | [EAGG](https://holderbook.com/stocks/EAGG/) | $248.1K | 5,259 | 0.1% | 14 |
| FIRST TR EXCH TRADED FD III | [FMB](https://holderbook.com/stocks/FMB/) | $243.8K | 4,810 | 0.1% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $240.2K | 1,527 | 0.1% | 19 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $225.3K | 1,821 | 0.0% | 5 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $218.1K | 4,815 | 0.0% | 19 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $217.7K | 1,221 | 0.0% | 17 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $216.8K | 1,047 | 0.0% | 2 |
| EVERSOURCE ENERGY | [ES](https://holderbook.com/stocks/ES/) | $215.8K | 3,043 | 0.0% | 19 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $213.0K | 1,431 | 0.0% | 19 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $211.4K | 3,980 | 0.0% | 2 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $209.5K | 1,650 | 0.0% | 17 |
| SPDR SERIES TRUST | [PSK](https://holderbook.com/stocks/PSK/) | $204.5K | 6,110 | 0.0% | 2 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $202.1K | 4,967 | 0.0% | 19 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $201.1K | 2,758 | 0.0% | 14 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $197.3K | 1,860 | 0.0% | 19 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $196.7K | 3,615 | 0.0% | 19 |
| INVESCO EXCH TRADED FD TR II | [PCY](https://holderbook.com/stocks/PCY/) | $191.3K | 9,813 | 0.0% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $188.4K | 350 | 0.0% | 17 |

## 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 2023 | +4.0% | +8.3% | -4.3% | 100% |
| Q1 2023 | +5.3% | +7.0% | -1.8% | 109% |
| Q4 2022 | +9.3% | +7.1% | +2.2% | 100% |
| Q3 2022 | -6.9% | -5.3% | -1.6% | 100% |
| Q2 2022 | -14.3% | -16.5% | +2.2% | 100% |
| Q1 2022 | -5.3% | -4.9% | -0.3% | 100% |
| Q4 2021 | +5.8% | +10.7% | -4.9% | 100% |
| Q3 2021 | -1.4% | +0.3% | -1.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2023 | $463.2M | 628 |
| Q1 2023 | $441.3M | 624 |
| Q4 2022 | $344.5M | 592 |
| Q3 2022 | $344.5M | 536 |
| Q2 2022 | $364.8M | 509 |
| Q1 2022 | $425.2M | 519 |
| Q4 2021 | $447.2M | 512 |
| Q3 2021 | $415.0M | 499 |
| Q2 2021 | $420.1M | 500 |
| Q1 2021 | $387.3M | 502 |
| Q4 2020 | $364.6M | 422 |
| Q3 2020 | $341.9M | 446 |