# Marcum Wealth, LLC

> Institutional holdings reported to the SEC as of Q1 2025 on Form 13F. CIK 1784450. Source: https://holderbook.com/funds/1784450-marcum-wealth-llc/

- Reported value: $1.2B
- Positions: 405
- Weight of the ten largest: 56.8%
- Filed: 2025-04-02

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/) | $194.1M | 345,386 | 16.8% | 22 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $79.9M | 3,618,623 | 6.9% | 22 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $64.9M | 1,276,298 | 5.6% | 22 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $62.5M | 1,232,858 | 5.4% | 1 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $48.6M | 2,072,513 | 4.2% | 22 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $45.9M | 785,794 | 4.0% | 17 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $45.1M | 596,246 | 3.9% | 22 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $40.4M | 182,267 | 3.5% | 22 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $40.1M | 886,274 | 3.5% | 22 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $35.7M | 340,953 | 3.1% | 22 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $23.4M | 236,340 | 2.0% | 22 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $21.1M | 95,207 | 1.8% | 22 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $20.4M | 54,314 | 1.8% | 22 |
| J P MORGAN EXCHANGE TRADED F | [JMUB](https://holderbook.com/stocks/JMUB/) | $15.8M | 315,774 | 1.4% | 2 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $15.3M | 53,920 | 1.3% | 22 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $15.2M | 29,530 | 1.3% | 22 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $15.1M | 279,029 | 1.3% | 22 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $11.9M | 108,545 | 1.0% | 22 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $9.2M | 19,661 | 0.8% | 17 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $9.1M | 83,594 | 0.8% | 17 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $8.0M | 41,827 | 0.7% | 22 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $7.5M | 20,293 | 0.7% | 22 |
| INNOVATOR ETFS TRUST | [BJAN](https://holderbook.com/stocks/BJAN/) | $7.3M | 157,366 | 0.6% | 13 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $6.9M | 25,236 | 0.6% | 22 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $6.6M | 26,761 | 0.6% | 22 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $6.3M | 11,296 | 0.5% | 17 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $6.1M | 31,256 | 0.5% | 22 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $4.9M | 227,420 | 0.4% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $4.8M | 9,098 | 0.4% | 22 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $4.3M | 16,544 | 0.4% | 22 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $4.3M | 83,568 | 0.4% | 22 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $4.2M | 11,702 | 0.4% | 17 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $4.2M | 7,237 | 0.4% | 22 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $3.9M | 32,902 | 0.3% | 22 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $3.9M | 6,409 | 0.3% | 17 |
| HEICO CORP NEW | [HEIA](https://holderbook.com/stocks/HEIA/) | $3.8M | 18,096 | 0.3% | 18 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.7M | 10,458 | 0.3% | 21 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $3.7M | 60,852 | 0.3% | 22 |
| DIMENSIONAL ETF TRUST | [DFIS](https://holderbook.com/stocks/DFIS/) | $3.5M | 134,710 | 0.3% | 9 |
| NEW YORK LIFE INVTS ACTIVE E | [MMIN](https://holderbook.com/stocks/MMIN/) | $3.5M | 147,030 | 0.3% | 12 |
| JANUS DETROIT STR TR | [JMBS](https://holderbook.com/stocks/JMBS/) | $3.3M | 74,065 | 0.3% | 22 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.3M | 21,333 | 0.3% | 22 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $3.2M | 19,406 | 0.3% | 17 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $3.0M | 17,823 | 0.3% | 22 |
| ISHARES TR | [GBF](https://holderbook.com/stocks/GBF/) | $2.9M | 27,787 | 0.3% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.9M | 18,305 | 0.2% | 22 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $2.8M | 16,254 | 0.2% | 22 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.8M | 3,375 | 0.2% | 22 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $2.7M | 54,483 | 0.2% | 17 |
| INVESCO ACTIVELY MANAGED EXC | [GTO](https://holderbook.com/stocks/GTO/) | $2.7M | 57,117 | 0.2% | 12 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $2.6M | 19,733 | 0.2% | 20 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $2.6M | 12,475 | 0.2% | 17 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $2.5M | 15,615 | 0.2% | 22 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.3M | 6,316 | 0.2% | 22 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $2.3M | 4,352 | 0.2% | 18 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $2.3M | 9,091 | 0.2% | 20 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $2.2M | 13,021 | 0.2% | 22 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $2.1M | 8,235 | 0.2% | 19 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $2.1M | 24,183 | 0.2% | 21 |
| INNOVATOR ETFS TRUST | [KJAN](https://holderbook.com/stocks/KJAN/) | $2.1M | 57,818 | 0.2% | 5 |
| HEICO CORP NEW | [HEI](https://holderbook.com/stocks/HEI/) | $2.0M | 7,613 | 0.2% | 18 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $2.0M | 6,486 | 0.2% | 22 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $2.0M | 60,082 | 0.2% | 12 |
| RBB FUND TRUST | [FEGE](https://holderbook.com/stocks/FEGE/) | $2.0M | 52,591 | 0.2% | 1 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.0M | 9,409 | 0.2% | 20 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.0M | 11,855 | 0.2% | 22 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $1.9M | 37,670 | 0.2% | 12 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $1.9M | 3,541 | 0.2% | 18 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.9M | 11,132 | 0.2% | 22 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $1.8M | 7,546 | 0.2% | 20 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $1.8M | 36,858 | 0.2% | 17 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.8M | 12,762 | 0.2% | 19 |
| ISHARES TR | [USHY](https://holderbook.com/stocks/USHY/) | $1.8M | 48,138 | 0.2% | 17 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $1.7M | 28,795 | 0.2% | 17 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $1.7M | 11,788 | 0.1% | 17 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $1.6M | 11,627 | 0.1% | 17 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $1.6M | 16,968 | 0.1% | 17 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.6M | 37,984 | 0.1% | 22 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $1.6M | 26,023 | 0.1% | 12 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.6M | 2,852 | 0.1% | 22 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.5M | 1,613 | 0.1% | 18 |
| DIMENSIONAL ETF TRUST | [DFUV](https://holderbook.com/stocks/DFUV/) | $1.5M | 35,500 | 0.1% | 12 |
| GOLDMAN SACHS ETF TR | [GSLC](https://holderbook.com/stocks/GSLC/) | $1.5M | 13,247 | 0.1% | 17 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $1.4M | 51,200 | 0.1% | 22 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.4M | 19,618 | 0.1% | 22 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.4M | 15,414 | 0.1% | 22 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $1.4M | 9,787 | 0.1% | 20 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.3M | 8,890 | 0.1% | 22 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $1.3M | 6,941 | 0.1% | 17 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $1.3M | 26,340 | 0.1% | 22 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $1.3M | 34,716 | 0.1% | 22 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $1.3M | 2,582 | 0.1% | 14 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $1.2M | 15,687 | 0.1% | 22 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $1.2M | 3,913 | 0.1% | 19 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $1.2M | 4,420 | 0.1% | 22 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $1.2M | 5,518 | 0.1% | 18 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.2M | 26,044 | 0.1% | 22 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $1.2M | 19,296 | 0.1% | 17 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $1.2M | 4,369 | 0.1% | 17 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $1.2M | 41,890 | 0.1% | 11 |

## 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 |
|---|---|---|---|---|
| Q1 2025 | -2.6% | -4.6% | +2.0% | 100% |
| Q4 2024 | -1.0% | +2.1% | -3.2% | 100% |
| Q3 2024 | +6.6% | +5.4% | +1.2% | 100% |
| Q2 2024 | +1.4% | +4.0% | -2.6% | 100% |
| Q1 2024 | +7.1% | +10.0% | -2.9% | 100% |
| Q4 2023 | +10.5% | +11.2% | -0.7% | 100% |
| Q3 2023 | -4.5% | -3.6% | -0.9% | 100% |
| Q2 2023 | +5.1% | +8.3% | -3.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2025 | $1.2B | 405 |
| Q4 2024 | $1.2B | 407 |
| Q3 2024 | $1.1B | 415 |
| Q2 2024 | $997.5M | 387 |
| Q1 2024 | $986.2M | 397 |
| Q4 2023 | $939.7M | 384 |
| Q3 2023 | $831.9M | 376 |
| Q2 2023 | $852.0M | 387 |
| Q1 2023 | $801.4M | 401 |
| Q4 2022 | $754.2M | 381 |
| Q3 2022 | $659.3M | 379 |
| Q2 2022 | $668.1M | 380 |