# ADIRONDACK RETIREMENT SPECIALISTS, INC.

> Institutional holdings reported to the SEC as of Q3 2023 on Form 13F. CIK 1841016. Source: https://holderbook.com/funds/1841016-adirondack-retirement-specialists-inc/

- Reported value: $128.6M
- Positions: 24
- Weight of the ten largest: 79.6%
- Filed: 2023-10-24

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 |
|---|---|---|---|---|---|
| RBB FD INC | [TBIL](https://holderbook.com/stocks/TBIL/) | $20.2M | 403,937 | 15.7% | 3 |
| PATHWARD FINANCIAL INC | [CASH](https://holderbook.com/stocks/CASH/) | $15.7M | 339,709 | 12.2% | 3 |
| IDT CORP | [IDT](https://holderbook.com/stocks/IDT/) | $13.6M | 614,927 | 10.5% | 9 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $12.2M | 241,808 | 9.5% | 3 |
| ELBIT SYS LTD | [ESLT](https://holderbook.com/stocks/ESLT/) | $9.7M | 49,242 | 7.6% | 12 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $7.9M | 128,087 | 6.1% | 11 |
| XPEL INC | [XPEL](https://holderbook.com/stocks/XPEL/) | $7.6M | 98,550 | 5.9% | 12 |
| CAMPING WORLD HLDGS INC | [CWH](https://holderbook.com/stocks/CWH/) | $6.2M | 305,294 | 4.8% | 11 |
| DAKTRONICS INC | [DAKT](https://holderbook.com/stocks/DAKT/) | $5.2M | 581,736 | 4.0% | 3 |
| GUIDEWIRE SOFTWARE INC | [GWRE](https://holderbook.com/stocks/GWRE/) | $4.2M | 46,120 | 3.2% | 12 |
| MOELIS & CO | [MC](https://holderbook.com/stocks/MC/) | $3.7M | 81,120 | 2.8% | 12 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $3.6M | 66,239 | 2.8% | 12 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $3.2M | 22,655 | 2.5% | 5 |
| BANCORP INC DEL | [TBBK](https://holderbook.com/stocks/TBBK/) | $2.9M | 84,332 | 2.3% | 2 |
| CALLAWAY GOLF CO | [CALY](https://holderbook.com/stocks/CALY/) | $2.7M | 197,495 | 2.1% | 2 |
| GITLAB INC | [GTLB](https://holderbook.com/stocks/GTLB/) | $2.7M | 59,949 | 2.1% | 7 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $1.8M | 38,126 | 1.4% | 5 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.4M | 2,479 | 1.1% | 12 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $1.0M | 10,104 | 0.8% | 3 |
| TEXAS PACIFIC LAND CORPORATI | [TPL](https://holderbook.com/stocks/TPL/) | $944.6K | 518 | 0.7% | 5 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $736.2K | 4,300 | 0.6% | 12 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $722.5K | 1,661 | 0.6% | 1 |
| PAYSIGN INC | [PAYS](https://holderbook.com/stocks/PAYS/) | $364.4K | 186,848 | 0.3% | 12 |
| VANECK MERK GOLD ETF | [OUNZ](https://holderbook.com/stocks/OUNZ/) | $357.2K | 19,964 | 0.3% | 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 2023 | -3.6% | -3.6% | -0.0% | 98% |
| Q2 2023 | +5.5% | +8.3% | -2.8% | 99% |
| Q1 2023 | +9.4% | +7.0% | +2.3% | 100% |
| Q4 2022 | +2.1% | +7.1% | -4.9% | 100% |
| Q3 2022 | -1.9% | -5.3% | +3.5% | 98% |
| Q2 2022 | -19.1% | -16.5% | -2.6% | 63% |
| Q1 2022 | -23.3% | -4.9% | -18.4% | 100% |
| Q4 2021 | +1.0% | +10.7% | -9.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2023 | $128.6M | 24 |
| Q2 2023 | $127.5M | 150 |
| Q1 2023 | $120.1M | 165 |
| Q4 2022 | $88.7M | 136 |
| Q3 2022 | $103.6M | 123 |
| Q2 2022 | $98.0M | 16 |
| Q1 2022 | $111.8M | 17 |
| Q4 2021 | $114.7M | 16 |
| Q3 2021 | $108.0M | 17 |
| Q2 2021 | $105.6M | 16 |
| Q1 2021 | $97.6M | 16 |
| Q4 2020 | $113.8M | 21 |