# ADVANCED RESEARCH INVESTMENT SOLUTIONS, LLC

> Institutional holdings reported to the SEC as of Q4 2023 on Form 13F. CIK 1802867. Source: https://holderbook.com/funds/1802867-advanced-research-investment-solutions-llc/

- Reported value: $160.0M
- Positions: 31
- Weight of the ten largest: 92.7%
- Filed: 2024-02-13

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 |
|---|---|---|---|---|---|
| TIDAL TRUST I | [RPAR](https://holderbook.com/stocks/RPAR/) | $80.2M | 4,190,006 | 50.1% | 17 |
| TIDAL TRUST I | [UPAR](https://holderbook.com/stocks/UPAR/) | $24.7M | 1,808,167 | 15.4% | 8 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $13.7M | 262,657 | 8.6% | 12 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $11.8M | 69,207 | 7.4% | 17 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $5.4M | 132,142 | 3.4% | 8 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $3.8M | 16,155 | 2.4% | 12 |
| PIMCO ETF TR | [LTPZ](https://holderbook.com/stocks/LTPZ/) | $2.7M | 46,969 | 1.7% | 11 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $2.2M | 25,909 | 1.4% | 8 |
| FLEXSHARES TR | [GUNR](https://holderbook.com/stocks/GUNR/) | $2.0M | 49,330 | 1.3% | 11 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.0M | 10,188 | 1.2% | 17 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.1M | 27,006 | 0.7% | 13 |
| ISHARES INC | [ESGE](https://holderbook.com/stocks/ESGE/) | $1.0M | 32,743 | 0.7% | 8 |
| VANGUARD WORLD FD | [EDV](https://holderbook.com/stocks/EDV/) | $1.0M | 12,661 | 0.6% | 17 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $991.6K | 25,405 | 0.6% | 11 |
| DIMENSIONAL ETF TRUST | [DFAE](https://holderbook.com/stocks/DFAE/) | $976.6K | 40,507 | 0.6% | 10 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $915.1K | 16,553 | 0.6% | 8 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $863.3K | 18,023 | 0.5% | 13 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $711.2K | 12,271 | 0.4% | 5 |
| SFL CORPORATION LTD | [SFL](https://holderbook.com/stocks/SFL/) | $565.7K | 50,154 | 0.4% | 6 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $467.7K | 3,319 | 0.3% | 3 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $400.1K | 1,444 | 0.3% | 3 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $386.4K | 4,960 | 0.2% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $336.2K | 894 | 0.2% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $290.5K | 1,708 | 0.2% | 2 |
| SERIES PORTFOLIOS TR | [CLOZ](https://holderbook.com/stocks/CLOZ/) | $285.0K | 10,741 | 0.2% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $250.7K | 703 | 0.2% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $226.3K | 1,620 | 0.1% | 3 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $225.6K | 4,000 | 0.1% | 3 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $202.6K | 5,897 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $201.2K | 1,346 | 0.1% | 1 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $123.2K | 10,109 | 0.1% | 10 |

## 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 |
|---|---|---|---|---|
| Q4 2023 | +9.5% | +11.2% | -1.7% | 100% |
| Q3 2023 | -7.9% | -3.6% | -4.4% | 100% |
| Q2 2023 | -0.7% | +8.3% | -9.0% | 100% |
| Q1 2023 | +5.3% | +7.0% | -1.7% | 100% |
| Q4 2022 | +7.6% | +7.1% | +0.5% | 100% |
| Q3 2022 | -10.2% | -5.3% | -4.9% | 92% |
| Q2 2022 | -17.1% | -16.5% | -0.6% | 94% |
| Q1 2022 | -5.5% | -4.9% | -0.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2023 | $160.0M | 31 |
| Q3 2023 | $154.2M | 30 |
| Q2 2023 | $173.5M | 33 |
| Q1 2023 | $174.5M | 22 |
| Q4 2022 | $159.0M | 23 |
| Q3 2022 | $161.9M | 161 |
| Q2 2022 | $180.0M | 132 |
| Q1 2022 | $239.3M | 187 |
| Q4 2021 | $274.8M | 190 |
| Q3 2021 | $195.3M | 139 |
| Q2 2021 | $111.1M | 76 |
| Q1 2021 | $86.4M | 70 |