# Milestone Advisory Partners

> Institutional holdings reported to the SEC as of Q3 2023 on Form 13F. CIK 1819679. Source: https://holderbook.com/funds/1819679-milestone-advisory-partners/

- Reported value: $120.2M
- Positions: 70
- Weight of the ten largest: 53.8%
- Filed: 2023-11-08

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 |
|---|---|---|---|---|---|
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $16.9M | 239,323 | 14.1% | 14 |
| VANGUARD WELLINGTON FD | [VFVA](https://holderbook.com/stocks/VFVA/) | $7.1M | 71,265 | 5.9% | 10 |
| VANGUARD WORLD FD | [VDC](https://holderbook.com/stocks/VDC/) | $6.9M | 37,822 | 5.7% | 6 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $6.5M | 23,998 | 5.4% | 14 |
| FIRST TR EXCHANGE-TRADED FD | [TDIV](https://holderbook.com/stocks/TDIV/) | $5.9M | 105,725 | 4.9% | 24 |
| INVESCO EXCH TRADED FD TR II | [SPLV](https://holderbook.com/stocks/SPLV/) | $5.5M | 93,468 | 4.6% | 22 |
| INVESCO EXCHANGE TRADED FD T | [RSPU](https://holderbook.com/stocks/RSPU/) | $4.4M | 88,278 | 3.7% | 20 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $4.0M | 44,683 | 3.4% | 10 |
| VANGUARD WELLINGTON FD | [VFMV](https://holderbook.com/stocks/VFMV/) | $3.9M | 40,768 | 3.3% | 1 |
| INVESCO EXCHANGE TRADED FD T | [RSPN](https://holderbook.com/stocks/RSPN/) | $3.4M | 88,763 | 2.8% | 12 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $3.2M | 30,823 | 2.6% | 19 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $3.2M | 9,330 | 2.6% | 24 |
| ISHARES TR | [IYM](https://holderbook.com/stocks/IYM/) | $3.2M | 24,937 | 2.6% | 7 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $2.8M | 47,701 | 2.3% | 5 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $2.7M | 82,871 | 2.3% | 13 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $2.6M | 36,469 | 2.2% | 19 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $2.6M | 28,017 | 2.2% | 24 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.6M | 15,413 | 2.2% | 24 |
| ISHARES TR | [IGM](https://holderbook.com/stocks/IGM/) | $2.6M | 6,753 | 2.1% | 19 |
| INVESCO EXCHANGE TRADED FD T | [PDP](https://holderbook.com/stocks/PDP/) | $2.4M | 30,825 | 2.0% | 22 |
| ISHARES TR | [JPXN](https://holderbook.com/stocks/JPXN/) | $2.4M | 36,892 | 2.0% | 2 |
| INVESCO EXCHANGE TRADED FD T | [RSPD](https://holderbook.com/stocks/RSPD/) | $1.8M | 43,144 | 1.5% | 3 |
| ISHARES TR | [IHI](https://holderbook.com/stocks/IHI/) | $1.6M | 32,791 | 1.3% | 24 |
| INVESCO EXCHANGE TRADED FD T | [RSPT](https://holderbook.com/stocks/RSPT/) | $1.2M | 42,236 | 1.0% | 2 |
| ISHARES TR | [IGE](https://holderbook.com/stocks/IGE/) | $1.1M | 26,471 | 0.9% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $1.1M | 2 | 0.9% | 24 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $1.0M | 2,169 | 0.9% | 24 |
| FIRST TR EXCHANGE-TRADED FD | [FDN](https://holderbook.com/stocks/FDN/) | $882.0K | 5,526 | 0.7% | 6 |
| GLOBAL X FDS | [QYLD](https://holderbook.com/stocks/QYLD/) | $870.0K | 51,880 | 0.7% | 17 |
| SPDR SERIES TRUST | [XOP](https://holderbook.com/stocks/XOP/) | $820.6K | 5,548 | 0.7% | 7 |
| INVESCO EXCHANGE TRADED FD T | [RSPF](https://holderbook.com/stocks/RSPF/) | $803.6K | 15,854 | 0.7% | 4 |
| INVESCO EXCHANGE TRADED FD T | [RSPM](https://holderbook.com/stocks/RSPM/) | $801.2K | 25,828 | 0.7% | 4 |
| FIRST TR EXCHANGE-TRADED FD | [QCLN](https://holderbook.com/stocks/QCLN/) | $773.8K | 18,151 | 0.6% | 14 |
| FIRST TR EXCHANGE-TRADED FD | [QTEC](https://holderbook.com/stocks/QTEC/) | $667.4K | 4,594 | 0.6% | 24 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $651.4K | 6,385 | 0.5% | 24 |
| FIRST TR EXCHANGE TRADED FD | [FXL](https://holderbook.com/stocks/FXL/) | $633.7K | 5,702 | 0.5% | 24 |
| FIRST TR EXCH TRADED FD III | [FMB](https://holderbook.com/stocks/FMB/) | $519.6K | 10,630 | 0.4% | 20 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $498.8K | 1,260 | 0.4% | 7 |
| FIRST BANCORP N C | [FBNC](https://holderbook.com/stocks/FBNC/) | $454.2K | 16,140 | 0.4% | 24 |
| ISHARES TR | [IEZ](https://holderbook.com/stocks/IEZ/) | $449.0K | 18,677 | 0.4% | 7 |
| FIRST TR EXCHANGE TRADED FD | [FXU](https://holderbook.com/stocks/FXU/) | $436.6K | 15,287 | 0.4% | 18 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $404.9K | 2,600 | 0.3% | 24 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $354.7K | 2,446 | 0.3% | 7 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $354.5K | 4,731 | 0.3% | 16 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $350.8K | 3,975 | 0.3% | 19 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $348.2K | 1,514 | 0.3% | 19 |
| ISHARES TR | [IAK](https://holderbook.com/stocks/IAK/) | $341.8K | 3,729 | 0.3% | 4 |
| FACTSET RESH SYS INC | [FDS](https://holderbook.com/stocks/FDS/) | $327.9K | 750 | 0.3% | 14 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $326.2K | 1,033 | 0.3% | 16 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $319.4K | 3,386 | 0.3% | 14 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $315.5K | 4,522 | 0.3% | 14 |
| VANGUARD ADMIRAL FDS INC | [VIOG](https://holderbook.com/stocks/VIOG/) | $315.5K | 3,345 | 0.3% | 5 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $314.5K | 1,100 | 0.3% | 7 |
| INVESCO EXCH TRADED FD TR II | [PGX](https://holderbook.com/stocks/PGX/) | $302.1K | 27,590 | 0.3% | 22 |
| FIRST TR EXCHANGE-TRADED FD | [FBT](https://holderbook.com/stocks/FBT/) | $285.4K | 1,950 | 0.2% | 8 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $267.0K | 2,040 | 0.2% | 3 |
| VANGUARD WORLD FD | [VDE](https://holderbook.com/stocks/VDE/) | $262.5K | 2,071 | 0.2% | 1 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $253.6K | 6,009 | 0.2% | 1 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $249.3K | 2,120 | 0.2% | 4 |
| INVESCO EXCHANGE TRADED FD T | [KNCT](https://holderbook.com/stocks/KNCT/) | $248.4K | 3,251 | 0.2% | 14 |
| VANECK ETF TRUST | [ITM](https://holderbook.com/stocks/ITM/) | $238.9K | 5,418 | 0.2% | 20 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $232.8K | 4,019 | 0.2% | 4 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $229.4K | 1,740 | 0.2% | 2 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $224.4K | 1,179 | 0.2% | 2 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $220.6K | 3,408 | 0.2% | 9 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $220.3K | 1,300 | 0.2% | 7 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $215.8K | 1,221 | 0.2% | 1 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $210.8K | 800 | 0.2% | 4 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $208.7K | 1,400 | 0.2% | 1 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $201.2K | 1,900 | 0.2% | 2 |

## 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 2023 | -3.9% | -3.6% | -0.3% | 100% |
| Q2 2023 | +3.2% | +8.3% | -5.1% | 100% |
| Q1 2023 | +1.4% | +7.0% | -5.6% | 100% |
| Q4 2022 | +7.5% | +7.1% | +0.4% | 100% |
| Q3 2022 | -4.4% | -5.3% | +0.9% | 99% |
| Q2 2022 | -12.1% | -16.5% | +4.4% | 100% |
| Q1 2022 | -4.9% | -4.9% | +0.0% | 100% |
| Q4 2021 | +6.2% | +10.7% | -4.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2023 | $120.2M | 70 |
| Q2 2023 | $110.5M | 66 |
| Q1 2023 | $108.4M | 67 |
| Q4 2022 | $134.4M | 70 |
| Q3 2022 | $133.3M | 68 |
| Q2 2022 | $123.4M | 71 |
| Q1 2022 | $185.4M | 82 |
| Q4 2021 | $198.1M | 88 |
| Q3 2021 | $170.2M | 82 |
| Q2 2021 | $189.7M | 85 |
| Q1 2021 | $186.9M | 84 |
| Q4 2020 | $175.4M | 55 |