# FSA Wealth Management LLC

> Institutional holdings reported to the SEC as of Q3 2025 on Form 13F. CIK 1804256. Source: https://holderbook.com/funds/1804256-fsa-wealth-management-llc/

- Reported value: $273.5M
- Positions: 574
- Weight of the ten largest: 82.6%
- Filed: 2025-11-17

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 | [IWF](https://holderbook.com/stocks/IWF/) | $68.5M | 146,326 | 25.1% | 23 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $54.5M | 267,641 | 19.9% | 23 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $25.7M | 429,444 | 9.4% | 23 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $18.4M | 129,327 | 6.7% | 23 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $15.5M | 110,693 | 5.7% | 23 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $11.7M | 36,537 | 4.3% | 23 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $10.8M | 61,073 | 3.9% | 23 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $8.9M | 163,357 | 3.2% | 23 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $7.1M | 85,453 | 2.6% | 12 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $5.0M | 19,494 | 1.8% | 23 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $4.1M | 9,292 | 1.5% | 23 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $3.5M | 25,216 | 1.3% | 23 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.1M | 4,053 | 0.8% | 12 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.9M | 5,689 | 0.7% | 12 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $1.6M | 19,511 | 0.6% | 12 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $1.3M | 1,954 | 0.5% | 20 |
| CASELLA WASTE SYS INC | [CWST](https://holderbook.com/stocks/CWST/) | $1.3M | 13,635 | 0.5% | 23 |
| VANGUARD WORLD FD | [VPU](https://holderbook.com/stocks/VPU/) | $1.2M | 6,663 | 0.5% | 7 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.0M | 4,188 | 0.4% | 12 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $867.1K | 7,690 | 0.3% | 12 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $840.5K | 11,301 | 0.3% | 11 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $786.4K | 4,215 | 0.3% | 10 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $775.2K | 3,189 | 0.3% | 12 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $702.9K | 1,465 | 0.3% | 9 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $688.9K | 1,029 | 0.3% | 7 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $666.2K | 1,000 | 0.2% | 12 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $571.6K | 3,720 | 0.2% | 23 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $561.8K | 1,781 | 0.2% | 12 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $500.7K | 996 | 0.2% | 10 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $435.7K | 2,496 | 0.2% | 7 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $400.8K | 6,043 | 0.1% | 23 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $380.6K | 411 | 0.1% | 9 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $378.1K | 630 | 0.1% | 10 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $363.5K | 1,288 | 0.1% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $360.8K | 1,643 | 0.1% | 10 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $333.4K | 938 | 0.1% | 7 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $329.7K | 1,641 | 0.1% | 12 |
| FIFTH THIRD BANCORP | [FITB](https://holderbook.com/stocks/FITB/) | $318.3K | 7,145 | 0.1% | 12 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $308.0K | 10,907 | 0.1% | 12 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $303.2K | 2,134 | 0.1% | 12 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $287.9K | 6,729 | 0.1% | 7 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $287.2K | 575 | 0.1% | 11 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $285.1K | 835 | 0.1% | 10 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $275.0K | 1,188 | 0.1% | 7 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $274.8K | 2,900 | 0.1% | 7 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $263.4K | 1,420 | 0.1% | 12 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $259.6K | 1,347 | 0.1% | 8 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $247.9K | 1,049 | 0.1% | 15 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $245.4K | 1,014 | 0.1% | 7 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $239.1K | 1,174 | 0.1% | 7 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $235.8K | 309 | 0.1% | 7 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $230.0K | 4,758 | 0.1% | 7 |
| VANGUARD ADMIRAL FDS INC | [VIOG](https://holderbook.com/stocks/VIOG/) | $217.5K | 2,284 | 0.1% | 7 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $212.8K | 4,124 | 0.1% | 7 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $207.8K | 1,338 | 0.1% | 7 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $197.0K | 671 | 0.1% | 5 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $190.4K | 1,138 | 0.1% | 7 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $187.6K | 1,288 | 0.1% | 7 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $186.9K | 888 | 0.1% | 7 |
| TRANSDIGM GROUP INC | [TDG](https://holderbook.com/stocks/TDG/) | $183.2K | 139 | 0.1% | 7 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $174.9K | 1,957 | 0.1% | 7 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $174.6K | 809 | 0.1% | 7 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $162.7K | 2,155 | 0.1% | 7 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $162.6K | 564 | 0.1% | 7 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $161.4K | 550 | 0.1% | 7 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $157.6K | 389 | 0.1% | 7 |
| AEROVIRONMENT INC | [AVAV](https://holderbook.com/stocks/AVAV/) | $157.4K | 500 | 0.1% | 7 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $157.4K | 3,582 | 0.1% | 7 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $151.1K | 1,500 | 0.1% | 2 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $142.4K | 1,180 | 0.1% | 7 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $142.0K | 1,471 | 0.1% | 7 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $138.6K | 303 | 0.1% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $137.4K | 187 | 0.1% | 7 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $134.4K | 174 | 0.0% | 7 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $130.2K | 5,111 | 0.0% | 7 |
| INVESCO EXCHANGE TRADED FD T | [PHO](https://holderbook.com/stocks/PHO/) | $127.9K | 1,774 | 0.0% | 7 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $127.9K | 1,600 | 0.0% | 7 |
| VANGUARD SCOTTSDALE FDS | [VTWV](https://holderbook.com/stocks/VTWV/) | $123.5K | 202 | 0.0% | 6 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $120.8K | 162 | 0.0% | 7 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $119.4K | 250 | 0.0% | 7 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $119.3K | 397 | 0.0% | 7 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $118.5K | 885 | 0.0% | 7 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $117.6K | 851 | 0.0% | 7 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $117.1K | 147 | 0.0% | 7 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $114.6K | 516 | 0.0% | 7 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $108.8K | 232 | 0.0% | 7 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $106.6K | 796 | 0.0% | 1 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $106.2K | 962 | 0.0% | 7 |
| DBX ETF TR | [DBEF](https://holderbook.com/stocks/DBEF/) | $103.5K | 848 | 0.0% | 7 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $103.1K | 900 | 0.0% | 7 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $102.3K | 607 | 0.0% | 7 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $101.2K | 410 | 0.0% | 7 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $100.1K | 132 | 0.0% | 7 |
| PIMCO STRATEGIC INCOME FD | [RCS](https://holderbook.com/stocks/RCS/) | $95.7K | 12,605 | 0.0% | 9 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $95.3K | 276 | 0.0% | 7 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $93.0K | 1,387 | 0.0% | 7 |
| SPDR SERIES TRUST | [XOP](https://holderbook.com/stocks/XOP/) | $93.0K | 704 | 0.0% | 7 |
| ISHARES TR | [HDV](https://holderbook.com/stocks/HDV/) | $92.1K | 901 | 0.0% | 7 |
| SPDR SERIES TRUST | [SPYD](https://holderbook.com/stocks/SPYD/) | $92.1K | 2,093 | 0.0% | 7 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $91.8K | 651 | 0.0% | 5 |

## 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 2025 | +7.6% | +7.8% | -0.2% | 119% |
| Q2 2025 | +10.1% | +10.5% | -0.4% | 118% |
| Q1 2025 | -3.7% | -4.6% | +0.9% | 100% |
| Q4 2024 | +0.8% | +2.1% | -1.4% | 100% |
| Q2 2024 | +1.3% | +4.0% | -2.8% | 100% |
| Q1 2024 | +7.1% | +10.0% | -3.0% | 100% |
| Q4 2023 | +11.0% | +11.2% | -0.2% | 100% |
| Q3 2023 | -4.3% | -3.6% | -0.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2025 | $273.5M | 574 |
| Q2 2025 | $256.3M | 546 |
| Q1 2025 | $235.6M | 509 |
| Q4 2024 | $246.4M | 566 |
| Q3 2024 | $250.3M | 561 |
| Q1 2024 | $229.8M | 623 |
| Q4 2023 | $210.7M | 578 |
| Q3 2023 | $178.8M | 49 |
| Q2 2023 | $185.3M | 48 |
| Q1 2023 | $172.3M | 44 |
| Q4 2022 | $171.8M | 51 |
| Q3 2022 | $143.0M | 48 |