# EMFO, LLC

> Institutional holdings reported to the SEC as of Q2 2024 on Form 13F. CIK 1859434. Source: https://holderbook.com/funds/1859434-emfo-llc/

- Reported value: $111.7M
- Positions: 282
- Weight of the ten largest: 40.7%
- Filed: 2024-07-26

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $9.0M | 42,623 | 8.0% | 13 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $8.7M | 417,757 | 7.8% | 13 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $5.7M | 10,403 | 5.1% | 13 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $5.5M | 28,462 | 4.9% | 13 |
| CHICAGO ATLANTIC REAL ESTATE | [REFI](https://holderbook.com/stocks/REFI/) | $4.4M | 285,031 | 3.9% | 9 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.1M | 15,486 | 2.8% | 13 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $2.3M | 5,056 | 2.0% | 13 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $2.3M | 7,299 | 2.0% | 13 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $2.3M | 14,217 | 2.0% | 13 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.2M | 4,985 | 2.0% | 13 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.1M | 4,199 | 1.9% | 13 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.1M | 8,046 | 1.9% | 13 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $2.0M | 16,034 | 1.8% | 13 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.9M | 15,691 | 1.7% | 13 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.9M | 46,126 | 1.7% | 13 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.7M | 10,534 | 1.6% | 13 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $1.7M | 32,667 | 1.6% | 13 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.7M | 9,867 | 1.5% | 13 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.7M | 4,944 | 1.5% | 13 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $1.7M | 3,049 | 1.5% | 13 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.7M | 3,809 | 1.5% | 13 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $1.7M | 7,815 | 1.5% | 13 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.6M | 8,893 | 1.5% | 13 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.5M | 10,615 | 1.3% | 13 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.5M | 9,304 | 1.3% | 13 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.3M | 18,637 | 1.2% | 13 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.1M | 17,286 | 1.0% | 13 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.1M | 22,703 | 1.0% | 13 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $959.5K | 5,256 | 0.9% | 13 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $940.8K | 586 | 0.8% | 13 |
| SKYWORKS SOLUTIONS INC | [SWKS](https://holderbook.com/stocks/SWKS/) | $889.9K | 8,350 | 0.8% | 13 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $872.5K | 1,821 | 0.8% | 11 |
| PRECIGEN INC | [PGEN](https://holderbook.com/stocks/PGEN/) | $820.8K | 519,475 | 0.7% | 5 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $764.5K | 2,858 | 0.7% | 13 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $744.0K | 10,236 | 0.7% | 13 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $736.9K | 10,000 | 0.7% | 6 |
| INVESCO EXCHANGE TRADED FD T | [SPHQ](https://holderbook.com/stocks/SPHQ/) | $734.2K | 11,555 | 0.7% | 13 |
| VULCAN MATLS CO | [VMC](https://holderbook.com/stocks/VMC/) | $721.2K | 2,900 | 0.6% | 1 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $716.1K | 3,619 | 0.6% | 13 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $690.3K | 4,750 | 0.6% | 13 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $672.3K | 15,304 | 0.6% | 13 |
| P3 HEALTH PARTNERS INC | [PIII](https://holderbook.com/stocks/PIII/) | $642.9K | 1,427,689 | 0.6% | 11 |
| CARLYLE GROUP INC | [CG](https://holderbook.com/stocks/CG/) | $631.4K | 15,725 | 0.6% | 13 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $618.1K | 7,362 | 0.6% | 13 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $593.8K | 3,260 | 0.5% | 13 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $583.0K | 4,000 | 0.5% | 10 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $548.2K | 1,500 | 0.5% | 2 |
| BHP BILLITON LIMITED | [BHP](https://holderbook.com/stocks/BHP/) | $532.1K | 9,320 | 0.5% | 11 |
| PROSHARES TR | [NOBL](https://holderbook.com/stocks/NOBL/) | $507.6K | 5,280 | 0.5% | 13 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $462.0K | 3,366 | 0.4% | 13 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $455.0K | 2,500 | 0.4% | 13 |
| DOMINOS PIZZA INC | [DPZ](https://holderbook.com/stocks/DPZ/) | $437.3K | 847 | 0.4% | 10 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $433.0K | 550 | 0.4% | 3 |
| CUBESMART | [CUBE](https://holderbook.com/stocks/CUBE/) | $403.4K | 8,930 | 0.4% | 11 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $388.8K | 4,000 | 0.3% | 6 |
| SABLE OFFSHORE CORP | [SOC](https://holderbook.com/stocks/SOC/) | $370.6K | 24,589 | 0.3% | 1 |
| ISHARES TR | [INDA](https://holderbook.com/stocks/INDA/) | $364.0K | 6,525 | 0.3% | 5 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $351.8K | 1,810 | 0.3% | 13 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $349.0K | 5,500 | 0.3% | 1 |
| NEXTDOOR HOLDINGS INC | [NXDR](https://holderbook.com/stocks/NXDR/) | $332.5K | 119,615 | 0.3% | 2 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $329.7K | 2,988 | 0.3% | 13 |
| NVR INC | [NVR](https://holderbook.com/stocks/NVR/) | $326.3K | 43 | 0.3% | 9 |
| AMPLIFY ETF TR | [HACK](https://holderbook.com/stocks/HACK/) | $319.5K | 4,936 | 0.3% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $313.9K | 1,830 | 0.3% | 13 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $311.5K | 2,829 | 0.3% | 13 |
| NUVEEN AMT FREE QLTY MUN INC | [NEA](https://holderbook.com/stocks/NEA/) | $307.2K | 26,810 | 0.3% | 2 |
| PACER FDS TR | [COWZ](https://holderbook.com/stocks/COWZ/) | $306.4K | 5,623 | 0.3% | 10 |
| CRESCENT ENERGY COMPANY | [CRGY](https://holderbook.com/stocks/CRGY/) | $305.1K | 25,750 | 0.3% | 11 |
| SCHWAB STRATEGIC TR | [FNDA](https://holderbook.com/stocks/FNDA/) | $304.5K | 5,545 | 0.3% | 13 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $297.8K | 4,398 | 0.3% | 13 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $283.7K | 1,941 | 0.3% | 13 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $283.6K | 4,500 | 0.3% | 3 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $283.6K | 2,344 | 0.3% | 13 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $283.1K | 566 | 0.3% | 13 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $279.1K | 3,546 | 0.2% | 13 |
| STRATEGIC ED INC | [STRA](https://holderbook.com/stocks/STRA/) | $270.6K | 2,445 | 0.2% | 13 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $264.3K | 1,700 | 0.2% | 6 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $263.2K | 2,651 | 0.2% | 13 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $251.7K | 1,583 | 0.2% | 12 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $251.6K | 2,032 | 0.2% | 11 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $245.3K | 6,315 | 0.2% | 13 |
| EAGLE MATLS INC | [EXP](https://holderbook.com/stocks/EXP/) | $239.2K | 1,100 | 0.2% | 2 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $235.1K | 9,283 | 0.2% | 13 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $226.3K | 250 | 0.2% | 12 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $226.2K | 3,168 | 0.2% | 13 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $215.0K | 1,035 | 0.2% | 13 |
| BANK NOVA SCOTIA B C | [BNS](https://holderbook.com/stocks/BNS/) | $214.9K | 4,700 | 0.2% | 6 |
| ARCH CAP GROUP LTD | [ACGL](https://holderbook.com/stocks/ACGL/) | $210.9K | 2,090 | 0.2% | 13 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $208.0K | 1,200 | 0.2% | 13 |
| TG THERAPEUTICS INC | [TGTX](https://holderbook.com/stocks/TGTX/) | $204.6K | 11,500 | 0.2% | 13 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $203.8K | 302 | 0.2% | 13 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $194.1K | 6,697 | 0.2% | 13 |
| GOLDMAN SACHS ETF TR | [GSEW](https://holderbook.com/stocks/GSEW/) | $185.0K | 2,600 | 0.2% | 2 |
| FRONTLINE PLC | [FRO](https://holderbook.com/stocks/FRO/) | $184.7K | 7,170 | 0.2% | 3 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $181.6K | 1,550 | 0.2% | 1 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $180.7K | 1,750 | 0.2% | 1 |
| EXPEDITORS INTL WASH INC | [EXPD](https://holderbook.com/stocks/EXPD/) | $179.7K | 1,440 | 0.2% | 8 |
| ICAHN ENTERPRISES LP | [IEP](https://holderbook.com/stocks/IEP/) | $178.0K | 10,800 | 0.2% | 13 |
| PLUG PWR INC | [PLUG](https://holderbook.com/stocks/PLUG/) | $169.6K | 72,800 | 0.2% | 13 |
| COINBASE GLOBAL INC | [COIN](https://holderbook.com/stocks/COIN/) | $168.9K | 760 | 0.2% | 13 |

## 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 |
|---|---|---|---|---|
| Q2 2024 | +1.5% | +4.0% | -2.5% | 100% |
| Q1 2024 | +6.6% | +10.0% | -3.5% | 99% |
| Q4 2023 | +9.8% | +11.2% | -1.4% | 100% |
| Q3 2023 | -4.3% | -3.6% | -0.8% | 100% |
| Q2 2023 | +5.9% | +8.3% | -2.4% | 99% |
| Q1 2023 | +2.7% | +7.0% | -4.3% | 100% |
| Q4 2022 | +7.3% | +7.1% | +0.2% | 99% |
| Q3 2022 | -6.5% | -5.3% | -1.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2024 | $111.7M | 282 |
| Q1 2024 | $109.3M | 287 |
| Q4 2023 | $108.5M | 281 |
| Q3 2023 | $106.2M | 296 |
| Q2 2023 | $110.2M | 305 |
| Q1 2023 | $106.0M | 308 |
| Q4 2022 | $99.9M | 300 |
| Q3 2022 | $105.0M | 315 |
| Q2 2022 | $98.5M | 323 |
| Q1 2022 | $110.2M | 329 |
| Q4 2021 | $113.4M | 337 |
| Q3 2021 | $113.3M | 348 |