# MAS Advisors LLC

> Institutional holdings reported to the SEC as of Q3 2025 on Form 13F. CIK 1906683. Source: https://holderbook.com/funds/1906683-mas-advisors-llc/

- Reported value: $63.2M
- Positions: 67
- Weight of the ten largest: 51.0%
- Filed: 2025-10-28

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 |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $5.1M | 7,656 | 8.1% | 16 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $4.0M | 53,894 | 6.3% | 4 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $3.6M | 29,925 | 5.7% | 8 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $3.6M | 130,995 | 5.7% | 16 |
| INVESCO EXCH TRADED FD TR II | [SPMO](https://holderbook.com/stocks/SPMO/) | $3.1M | 25,842 | 5.0% | 4 |
| VANGUARD SCOTTSDALE FDS | [VMBS](https://holderbook.com/stocks/VMBS/) | $3.1M | 65,945 | 4.9% | 4 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $2.6M | 9,356 | 4.2% | 4 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $2.5M | 42,972 | 3.9% | 6 |
| J P MORGAN EXCHANGE TRADED F | [JPME](https://holderbook.com/stocks/JPME/) | $2.4M | 21,838 | 3.7% | 4 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $2.2M | 37,248 | 3.5% | 16 |
| BLACKROCK ETF TRUST II | [BINC](https://holderbook.com/stocks/BINC/) | $1.9M | 35,510 | 3.0% | 4 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $1.5M | 21,291 | 2.5% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.4M | 2,687 | 2.2% | 16 |
| PIMCO DYNAMIC INCOME FD | [PDI](https://holderbook.com/stocks/PDI/) | $1.2M | 60,456 | 1.9% | 14 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $1.1M | 12,429 | 1.8% | 16 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $1.1M | 8,024 | 1.8% | 16 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.1M | 1,644 | 1.7% | 16 |
| WISDOMTREE TR | [DGRS](https://holderbook.com/stocks/DGRS/) | $1.0M | 20,533 | 1.6% | 4 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $931.3K | 2,823 | 1.5% | 10 |
| ISHARES TR | [IGRO](https://holderbook.com/stocks/IGRO/) | $805.9K | 10,115 | 1.3% | 2 |
| DNP SELECT INCOME FD INC | [DNP](https://holderbook.com/stocks/DNP/) | $696.2K | 69,554 | 1.1% | 16 |
| GLOBAL X FDS | [XYLD](https://holderbook.com/stocks/XYLD/) | $667.5K | 17,003 | 1.1% | 16 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $610.4K | 2,078 | 1.0% | 16 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $607.9K | 3,748 | 1.0% | 4 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $600.7K | 2,359 | 1.0% | 16 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $598.5K | 2,354 | 0.9% | 16 |
| GLOBAL X FDS | [QYLD](https://holderbook.com/stocks/QYLD/) | $592.1K | 34,809 | 0.9% | 16 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $490.7K | 1,739 | 0.8% | 7 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $485.0K | 524 | 0.8% | 16 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $477.2K | 5,466 | 0.8% | 16 |
| GLOBAL X FDS | [RYLD](https://holderbook.com/stocks/RYLD/) | $472.2K | 31,375 | 0.7% | 16 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $466.7K | 10,620 | 0.7% | 7 |
| APOLLO COML REAL ESTATE FIN | [ARI](https://holderbook.com/stocks/ARI/) | $465.1K | 45,912 | 0.7% | 16 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $462.4K | 964 | 0.7% | 16 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $454.6K | 619 | 0.7% | 9 |
| GABELLI UTIL TR | [GUT](https://holderbook.com/stocks/GUT/) | $452.3K | 74,512 | 0.7% | 15 |
| MPLX LP | [MPLX](https://holderbook.com/stocks/MPLX/) | $449.7K | 9,003 | 0.7% | 7 |
| HERCULES CAPITAL INC | [HTGC](https://holderbook.com/stocks/HTGC/) | $441.0K | 23,323 | 0.7% | 13 |
| STARWOOD PPTY TR INC | [STWD](https://holderbook.com/stocks/STWD/) | $440.9K | 22,761 | 0.7% | 7 |
| PETROLEO BRASILEIRO S A | [PBR](https://holderbook.com/stocks/PBR/) | $437.3K | 34,542 | 0.7% | 7 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $416.8K | 2,686 | 0.7% | 5 |
| BLUE OWL CAPITAL CORPORATION | [OBDC](https://holderbook.com/stocks/OBDC/) | $412.0K | 32,264 | 0.7% | 7 |
| PIMCO GLOBAL STOCKPLUS INCOM | [PGP](https://holderbook.com/stocks/PGP/) | $410.1K | 47,967 | 0.6% | 7 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $362.8K | 2,078 | 0.6% | 16 |
| NATURAL RESOURCE PARTNERS LP | [NRP](https://holderbook.com/stocks/NRP/) | $362.1K | 3,449 | 0.6% | 9 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $361.1K | 1,730 | 0.6% | 16 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $360.1K | 1,210 | 0.6% | 16 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $359.4K | 6,634 | 0.6% | 16 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $359.3K | 1,223 | 0.6% | 16 |
| BLACK STONE MINERALS L P | [BSM](https://holderbook.com/stocks/BSM/) | $355.9K | 27,089 | 0.6% | 12 |
| ELLINGTON FINANCIAL INC | [EFC](https://holderbook.com/stocks/EFC/) | $333.7K | 25,705 | 0.5% | 15 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $330.5K | 1,357 | 0.5% | 2 |
| GOLDMAN SACHS BDC INC | [GSBD](https://holderbook.com/stocks/GSBD/) | $328.4K | 32,288 | 0.5% | 7 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $319.6K | 1,013 | 0.5% | 7 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $317.1K | 9,045 | 0.5% | 14 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $312.0K | 1,421 | 0.5% | 8 |
| MONROE CAP CORP | [MRCC](https://holderbook.com/stocks/MRCC/) | $297.2K | 42,332 | 0.5% | 8 |
| GOLUB CAP BDC INC | [GBDC](https://holderbook.com/stocks/GBDC/) | $266.3K | 19,452 | 0.4% | 7 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $258.8K | 2,305 | 0.4% | 1 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $256.1K | 2,543 | 0.4% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $255.0K | 747 | 0.4% | 5 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $248.0K | 1,329 | 0.4% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $243.6K | 1,052 | 0.4% | 1 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $239.7K | 3,358 | 0.4% | 2 |
| ISHARES TR | [SCZ](https://holderbook.com/stocks/SCZ/) | $239.5K | 3,122 | 0.4% | 2 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $236.1K | 2,954 | 0.4% | 16 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $215.8K | 607 | 0.3% | 1 |

## 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 2025 | +4.1% | +7.8% | -3.7% | 100% |
| Q2 2025 | +5.2% | +10.5% | -5.2% | 100% |
| Q1 2025 | -1.1% | -4.6% | +3.4% | 100% |
| Q4 2024 | -1.5% | +2.1% | -3.6% | 100% |
| Q3 2024 | +5.2% | +5.4% | -0.2% | 100% |
| Q2 2024 | -0.2% | +4.0% | -4.3% | 100% |
| Q1 2024 | +4.7% | +10.0% | -5.3% | 100% |
| Q4 2023 | +10.3% | +11.2% | -0.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2025 | $63.2M | 67 |
| Q2 2025 | $61.1M | 68 |
| Q1 2025 | $65.0M | 64 |
| Q4 2024 | $59.6M | 72 |
| Q3 2024 | $46.9M | 77 |
| Q2 2024 | $42.0M | 70 |
| Q1 2024 | $86.6M | 74 |
| Q4 2023 | $77.3M | 62 |
| Q3 2023 | $70.0M | 57 |
| Q2 2023 | $71.6M | 55 |
| Q1 2023 | $102.3M | 86 |
| Q4 2022 | $106.5M | 88 |