# KB FINANCIAL PARTNERS, LLC

> Institutional holdings reported to the SEC as of Q3 2023 on Form 13F. CIK 1864910. Source: https://holderbook.com/funds/1864910-kb-financial-partners-llc/

- Reported value: $349.6M
- Positions: 577
- Weight of the ten largest: 65.0%
- Filed: 2023-11-15

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 |
|---|---|---|---|---|---|
| GOLDMAN SACHS ETF TR | [GSLC](https://holderbook.com/stocks/GSLC/) | $60.5M | 718,609 | 17.3% | 11 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $32.9M | 76,597 | 9.4% | 11 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $32.7M | 367,979 | 9.3% | 4 |
| WISDOMTREE TR | [DGRW](https://holderbook.com/stocks/DGRW/) | $29.4M | 457,422 | 8.4% | 11 |
| GOLDMAN SACHS ETF TR | [GSIE](https://holderbook.com/stocks/GSIE/) | $24.7M | 823,875 | 7.1% | 11 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $19.0M | 379,229 | 5.4% | 11 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $16.6M | 475,781 | 4.8% | 10 |
| PGIM ETF TR | [PULS](https://holderbook.com/stocks/PULS/) | $4.2M | 84,090 | 1.2% | 8 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $4.0M | 25,427 | 1.1% | 4 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $3.4M | 52,315 | 1.0% | 4 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $3.4M | 45,197 | 1.0% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.0M | 12,887 | 0.8% | 11 |
| NABORS INDUSTRIES LTD | [NBR](https://holderbook.com/stocks/NBR/) | $2.8M | 22,331 | 0.8% | 6 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.7M | 8,602 | 0.8% | 11 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $2.5M | 57,242 | 0.7% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.4M | 7,912 | 0.7% | 11 |
| STELLANTIS N.V | [STLA](https://holderbook.com/stocks/STLA/) | $2.3M | 121,755 | 0.7% | 10 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $2.2M | 20,524 | 0.6% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.8M | 14,446 | 0.5% | 11 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $1.8M | 20,404 | 0.5% | 11 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $1.7M | 34,515 | 0.5% | 11 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.7M | 12,795 | 0.5% | 11 |
| ARCH CAP GROUP LTD | [ACGL](https://holderbook.com/stocks/ACGL/) | $1.6M | 19,525 | 0.4% | 2 |
| UPWORK INC | [UPWK](https://holderbook.com/stocks/UPWK/) | $1.5M | 133,806 | 0.4% | 11 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.3M | 3,340 | 0.4% | 11 |
| SEMRUSH HLDGS INC | [SEMR](https://holderbook.com/stocks/SEMR/) | $1.3M | 154,901 | 0.4% | 10 |
| DESPEGAR COM CORP | [DESP](https://holderbook.com/stocks/DESP/) | $1.3M | 180,930 | 0.4% | 11 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $1.3M | 11,322 | 0.4% | 2 |
| EMCOR GROUP INC | [EME](https://holderbook.com/stocks/EME/) | $1.3M | 6,000 | 0.4% | 11 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $1.2M | 3,890 | 0.4% | 8 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $1.2M | 3,247 | 0.3% | 8 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $1.1M | 24,451 | 0.3% | 11 |
| SIMPSON MFG INC | [SSD](https://holderbook.com/stocks/SSD/) | $1.1M | 7,487 | 0.3% | 11 |
| SPIRIT AIRLS INC | [SAVEQ](https://holderbook.com/stocks/SAVEQ/) | $1.1M | 65,641 | 0.3% | 2 |
| FTI CONSULTING INC | [FCN](https://holderbook.com/stocks/FCN/) | $1.1M | 5,996 | 0.3% | 11 |
| INVESCO EXCHANGE TRADED FD T | [PRF](https://holderbook.com/stocks/PRF/) | $1.1M | 33,027 | 0.3% | 11 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $1.0M | 11,230 | 0.3% | 6 |
| GRIFFON CORP | [GFF](https://holderbook.com/stocks/GFF/) | $1.0M | 25,274 | 0.3% | 2 |
| EXTREME NETWORKS INC | [EXTR](https://holderbook.com/stocks/EXTR/) | $984.0K | 40,643 | 0.3% | 2 |
| PRIMERICA INC | [PRI](https://holderbook.com/stocks/PRI/) | $976.0K | 5,031 | 0.3% | 11 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $973.0K | 383 | 0.3% | 8 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $907.0K | 5,975 | 0.3% | 11 |
| LPL FINL HLDGS INC | [LPLA](https://holderbook.com/stocks/LPLA/) | $902.0K | 3,796 | 0.3% | 11 |
| ACUSHNET HLDGS CORP | [GOLF](https://holderbook.com/stocks/GOLF/) | $872.0K | 16,440 | 0.2% | 11 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $843.0K | 6,054 | 0.2% | 8 |
| INVESCO EXCHANGE TRADED FD T | [RPG](https://holderbook.com/stocks/RPG/) | $837.0K | 27,770 | 0.2% | 11 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $819.0K | 3,585 | 0.2% | 8 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $791.0K | 7,151 | 0.2% | 8 |
| MANHATTAN ASSOCIATES INC | [MANH](https://holderbook.com/stocks/MANH/) | $788.0K | 3,986 | 0.2% | 11 |
| FRONTIER GROUP HLDGS INC | [ULCC](https://holderbook.com/stocks/ULCC/) | $787.0K | 162,626 | 0.2% | 6 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $782.0K | 8,799 | 0.2% | 11 |
| GOLDMAN SACHS ETF TR | [JUST](https://holderbook.com/stocks/JUST/) | $777.0K | 12,759 | 0.2% | 11 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $736.0K | 7,150 | 0.2% | 8 |
| LANDSTAR SYS INC | [LSTR](https://holderbook.com/stocks/LSTR/) | $730.0K | 4,123 | 0.2% | 11 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $721.0K | 12,366 | 0.2% | 8 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $721.0K | 1,225 | 0.2% | 11 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $702.0K | 2,164 | 0.2% | 11 |
| MOLSON COORS BEVERAGE CO | [TAP](https://holderbook.com/stocks/TAP/) | $699.0K | 10,985 | 0.2% | 11 |
| FERRARI N V | [RACE](https://holderbook.com/stocks/RACE/) | $694.0K | 2,347 | 0.2% | 11 |
| ATLASSIAN CORPORATION | [TEAM](https://holderbook.com/stocks/TEAM/) | $693.0K | 3,437 | 0.2% | 5 |
| FIRST CTZNS BANCSHARES INC D | [FCNCA](https://holderbook.com/stocks/FCNCA/) | $678.0K | 491 | 0.2% | 2 |
| WATTS WATER TECHNOLOGIES INC | [WTS](https://holderbook.com/stocks/WTS/) | $678.0K | 3,924 | 0.2% | 10 |
| RBC BEARINGS INC | [RBC](https://holderbook.com/stocks/RBC/) | $675.0K | 2,882 | 0.2% | 10 |
| TIDEWATER INC NEW | [TDW](https://holderbook.com/stocks/TDW/) | $668.0K | 9,406 | 0.2% | 2 |
| CLARIVATE PLC | [CLVT](https://holderbook.com/stocks/CLVT/) | $667.0K | 99,341 | 0.2% | 8 |
| CORVEL CORP | [CRVL](https://holderbook.com/stocks/CRVL/) | $659.0K | 3,353 | 0.2% | 10 |
| BUILD-A-BEAR WORKSHOP INC | [BBW](https://holderbook.com/stocks/BBW/) | $638.0K | 21,701 | 0.2% | 8 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $636.0K | 1,965 | 0.2% | 8 |
| CENOVUS ENERGY INC | [CVE](https://holderbook.com/stocks/CVE/) | $634.0K | 30,462 | 0.2% | 8 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $633.0K | 1,481 | 0.2% | 11 |
| ICON PUB LTD CO | [ICLR](https://holderbook.com/stocks/ICLR/) | $630.0K | 2,559 | 0.2% | 11 |
| DOMINOS PIZZA INC | [DPZ](https://holderbook.com/stocks/DPZ/) | $624.0K | 1,647 | 0.2% | 8 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $616.0K | 3,598 | 0.2% | 11 |
| US FOODS HLDG CORP | [USFD](https://holderbook.com/stocks/USFD/) | $609.0K | 15,342 | 0.2% | 8 |
| TELEDYNE TECHNOLOGIES INC | [TDY](https://holderbook.com/stocks/TDY/) | $604.0K | 1,478 | 0.2% | 11 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $596.0K | 656 | 0.2% | 8 |
| HERITAGE CRYSTAL CLEAN INC | [HCCI](https://holderbook.com/stocks/HCCI/) | $582.0K | 12,825 | 0.2% | 8 |
| VITAL ENERGY INC | [VTLE](https://holderbook.com/stocks/VTLE/) | $582.0K | 10,495 | 0.2% | 2 |
| NORTH AMERN CONSTR GROUP LTD | [NOA](https://holderbook.com/stocks/NOA/) | $580.0K | 26,703 | 0.2% | 8 |
| TORO CO | [TTC](https://holderbook.com/stocks/TTC/) | $575.0K | 6,914 | 0.2% | 11 |
| GRACO INC | [GGG](https://holderbook.com/stocks/GGG/) | $561.0K | 7,697 | 0.2% | 11 |
| HILLENBRAND INC | [HI](https://holderbook.com/stocks/HI/) | $551.0K | 13,029 | 0.2% | 11 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $543.0K | 10,097 | 0.2% | 11 |
| FACTSET RESH SYS INC | [FDS](https://holderbook.com/stocks/FDS/) | $527.0K | 1,205 | 0.2% | 11 |
| STERIS PLC | [STE](https://holderbook.com/stocks/STE/) | $526.0K | 2,399 | 0.2% | 11 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $520.0K | 7,684 | 0.1% | 8 |
| FIRST HAWAIIAN INC | [FHB](https://holderbook.com/stocks/FHB/) | $520.0K | 28,817 | 0.1% | 11 |
| AFFILIATED MANAGERS GROUP | [AMG](https://holderbook.com/stocks/AMG/) | $518.0K | 3,976 | 0.1% | 11 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $512.0K | 1,374 | 0.1% | 3 |
| STERICYCLE INC | [SRCL](https://holderbook.com/stocks/SRCL/) | $508.0K | 11,361 | 0.1% | 11 |
| ASPEN TECHNOLOGY INC | [AZPN](https://holderbook.com/stocks/AZPN/) | $505.0K | 2,473 | 0.1% | 2 |
| ICICI BANK LIMITED | [IBN](https://holderbook.com/stocks/IBN/) | $505.0K | 21,858 | 0.1% | 2 |
| BLUELINX HLDGS INC | [BXC](https://holderbook.com/stocks/BXC/) | $495.0K | 6,027 | 0.1% | 2 |
| RLI CORP | [RLI](https://holderbook.com/stocks/RLI/) | $490.0K | 3,605 | 0.1% | 8 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $485.0K | 10,932 | 0.1% | 8 |
| MOELIS & CO | [MC](https://holderbook.com/stocks/MC/) | $483.0K | 10,703 | 0.1% | 10 |
| POST HLDGS INC | [POST](https://holderbook.com/stocks/POST/) | $483.0K | 5,635 | 0.1% | 6 |
| METTLER TOLEDO INTERNATIONAL | [MTD](https://holderbook.com/stocks/MTD/) | $473.0K | 427 | 0.1% | 11 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $470.0K | 4,069 | 0.1% | 11 |
| STRATEGIC ED INC | [STRA](https://holderbook.com/stocks/STRA/) | $465.0K | 6,177 | 0.1% | 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 | -3.2% | -3.6% | +0.4% | 100% |
| Q2 2023 | +4.7% | +8.3% | -3.6% | 100% |
| Q1 2023 | +5.4% | +7.0% | -1.6% | 100% |
| Q4 2022 | +8.3% | +7.1% | +1.2% | 99% |
| Q3 2022 | -5.6% | -5.3% | -0.3% | 100% |
| Q2 2022 | -11.6% | -16.5% | +4.9% | 100% |
| Q1 2022 | -5.1% | -4.9% | -0.2% | 100% |
| Q4 2021 | +6.0% | +10.7% | -4.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2023 | $349.6M | 577 |
| Q2 2023 | $363.9M | 599 |
| Q1 2023 | $340.3M | 588 |
| Q4 2022 | $292.8M | 580 |
| Q3 2022 | $279.7M | 581 |
| Q2 2022 | $289.3M | 575 |
| Q1 2022 | $362.2M | 600 |
| Q4 2021 | $348.4M | 653 |
| Q3 2021 | $273.2M | 161 |
| Q2 2021 | $264.6M | 611 |
| Q1 2021 | $235.1M | 622 |