# Fullen Financial Group

> Institutional holdings reported to the SEC as of Q1 2023 on Form 13F. CIK 1822731. Source: https://holderbook.com/funds/1822731-fullen-financial-group/

- Reported value: $185.5M
- Positions: 59
- Weight of the ten largest: 66.7%
- Filed: 2023-05-30

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 |
|---|---|---|---|---|---|
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $21.2M | 275,356 | 11.5% | 12 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $20.0M | 367,455 | 10.8% | 12 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $16.1M | 210,369 | 8.7% | 12 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $14.0M | 74,504 | 7.5% | 12 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $12.3M | 87,723 | 6.6% | 12 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $11.2M | 220,984 | 6.0% | 12 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $9.4M | 37,212 | 5.1% | 12 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $8.5M | 63,042 | 4.6% | 12 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $6.2M | 153,071 | 3.3% | 12 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $4.8M | 25,334 | 2.6% | 12 |
| SPDR SERIES TRUST | [SPAB](https://holderbook.com/stocks/SPAB/) | $4.6M | 176,764 | 2.5% | 12 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $4.2M | 126,635 | 2.2% | 12 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $4.1M | 111,573 | 2.2% | 12 |
| SPDR SERIES TRUST | [SPSB](https://holderbook.com/stocks/SPSB/) | $3.7M | 124,879 | 2.0% | 12 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $3.3M | 79,368 | 1.8% | 12 |
| SPDR SERIES TRUST | [SPTS](https://holderbook.com/stocks/SPTS/) | $3.2M | 108,334 | 1.7% | 12 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $2.6M | 56,428 | 1.4% | 12 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $2.4M | 43,403 | 1.3% | 12 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $2.4M | 15,490 | 1.3% | 12 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $2.2M | 9,104 | 1.2% | 12 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $2.1M | 13,400 | 1.1% | 12 |
| SPDR SERIES TRUST | [MDYV](https://holderbook.com/stocks/MDYV/) | $1.9M | 28,981 | 1.0% | 12 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $1.8M | 7,970 | 1.0% | 12 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $1.6M | 25,566 | 0.9% | 12 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $1.2M | 16,562 | 0.7% | 12 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $1.2M | 23,689 | 0.6% | 12 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $1.1M | 32,600 | 0.6% | 12 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $1.1M | 13,786 | 0.6% | 12 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $1.1M | 14,775 | 0.6% | 12 |
| SPDR SERIES TRUST | [MDYG](https://holderbook.com/stocks/MDYG/) | $1.0M | 14,995 | 0.6% | 12 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $965.0K | 39,646 | 0.5% | 12 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $880.4K | 4,120 | 0.5% | 12 |
| VANGUARD SCOTTSDALE FDS | [VONV](https://holderbook.com/stocks/VONV/) | $868.9K | 12,801 | 0.5% | 12 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $861.2K | 8,107 | 0.5% | 12 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $856.3K | 6,195 | 0.5% | 12 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $709.0K | 11,764 | 0.4% | 11 |
| ISHARES TR | [AOR](https://holderbook.com/stocks/AOR/) | $707.7K | 14,045 | 0.4% | 12 |
| VANGUARD WHITEHALL FDS | [VWOB](https://holderbook.com/stocks/VWOB/) | $688.8K | 11,080 | 0.4% | 12 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $633.9K | 9,118 | 0.3% | 12 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $631.2K | 3,016 | 0.3% | 12 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $601.0K | 6,697 | 0.3% | 12 |
| ISHARES TR | [SCZ](https://holderbook.com/stocks/SCZ/) | $597.0K | 9,812 | 0.3% | 12 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $592.8K | 7,755 | 0.3% | 12 |
| ISHARES TR | [AOM](https://holderbook.com/stocks/AOM/) | $563.4K | 14,074 | 0.3% | 12 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $548.2K | 3,129 | 0.3% | 12 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $506.6K | 3,793 | 0.3% | 12 |
| SPDR SERIES TRUST | [SPIB](https://holderbook.com/stocks/SPIB/) | $479.5K | 14,703 | 0.3% | 12 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $391.5K | 937 | 0.2% | 12 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $362.4K | 7,038 | 0.2% | 12 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $302.5K | 3,026 | 0.2% | 12 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $264.8K | 1,561 | 0.1% | 3 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $263.5K | 3,636 | 0.1% | 11 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $256.0K | 2,397 | 0.1% | 10 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $249.5K | 2,265 | 0.1% | 12 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $240.2K | 578 | 0.1% | 11 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $227.5K | 2,050 | 0.1% | 2 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $221.2K | 1,167 | 0.1% | 3 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $210.4K | 1,914 | 0.1% | 2 |
| VANGUARD BD INDEX FDS | [VUSB](https://holderbook.com/stocks/VUSB/) | $208.4K | 4,229 | 0.1% | 6 |

## 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 2023 | +3.9% | +7.0% | -3.2% | 94% |
| Q4 2022 | +6.1% | +7.1% | -1.0% | 96% |
| Q3 2022 | -5.6% | -5.3% | -0.3% | 100% |
| Q2 2022 | -11.1% | -16.5% | +5.3% | 100% |
| Q1 2022 | -5.3% | -4.9% | -0.4% | 100% |
| Q4 2021 | +2.6% | +10.7% | -8.0% | 99% |
| Q3 2021 | -1.4% | +0.3% | -1.7% | 100% |
| Q2 2021 | +4.0% | +8.0% | -4.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2023 | $185.5M | 59 |
| Q4 2022 | $176.1M | 59 |
| Q3 2022 | $157.1M | 58 |
| Q2 2022 | $155.2M | 56 |
| Q1 2022 | $171.3M | 61 |
| Q4 2021 | $179.3M | 60 |
| Q3 2021 | $175.1M | 58 |
| Q2 2021 | $169.8M | 60 |
| Q1 2021 | $156.4M | 58 |
| Q4 2020 | $147.5M | 56 |
| Q3 2020 | $131.2M | 55 |
| Q2 2020 | $120.5M | 51 |