# Capital Financial Services, LLC

> Institutional holdings reported to the SEC as of Q4 2022 on Form 13F. CIK 1926723. Source: https://holderbook.com/funds/1926723-capital-financial-services-llc/

- Reported value: $72.5M
- Positions: 79
- Weight of the ten largest: 41.9%
- Filed: 2023-01-23

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/) | $4.7M | 36,240 | 6.5% | 9 |
| NV5 GLOBAL INC | [NVEE](https://holderbook.com/stocks/NVEE/) | $4.6M | 34,869 | 6.4% | 9 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $4.0M | 12,953 | 5.5% | 9 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $3.7M | 71,624 | 5.1% | 9 |
| ARISTA NETWORKS INC | [ANETXXXX](https://holderbook.com/stocks/ANETXXXX/) | $2.8M | 23,062 | 3.9% | 9 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $2.5M | 7,079 | 3.5% | 9 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $2.1M | 2,994 | 2.9% | 9 |
| MODERNA INC | [MRNA](https://holderbook.com/stocks/MRNA/) | $2.1M | 11,639 | 2.9% | 6 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.9M | 5,500 | 2.6% | 9 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $1.9M | 25,623 | 2.6% | 9 |
| CENTURY COMMUNITIES INC | [CCS](https://holderbook.com/stocks/CCS/) | $1.7M | 33,960 | 2.3% | 9 |
| ACADEMY SPORTS & OUTDOORS IN | [ASO](https://holderbook.com/stocks/ASO/) | $1.5M | 27,709 | 2.0% | 6 |
| TRITON INTL LTD | [TRTN](https://holderbook.com/stocks/TRTN/) | $1.4M | 20,550 | 2.0% | 9 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.4M | 5,807 | 1.9% | 9 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $1.4M | 12,882 | 1.9% | 9 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $1.3M | 4,835 | 1.8% | 9 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.2M | 31,695 | 1.7% | 9 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $1.2M | 2,940 | 1.7% | 9 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.2M | 14,099 | 1.7% | 9 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $1.2M | 9,440 | 1.7% | 9 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $1.2M | 31,550 | 1.7% | 7 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.2M | 5,700 | 1.6% | 9 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $1.1M | 14,385 | 1.5% | 9 |
| PULTE GROUP INC | [PHM](https://holderbook.com/stocks/PHM/) | $1.0M | 22,327 | 1.4% | 9 |
| CBRE GROUP INC | [CBRE](https://holderbook.com/stocks/CBRE/) | $1.0M | 13,177 | 1.4% | 9 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.0M | 6,210 | 1.4% | 9 |
| TOYOTA MOTOR CORP | [TM](https://holderbook.com/stocks/TM/) | $919.2K | 6,730 | 1.3% | 6 |
| RIO TINTO PLC | [RIO](https://holderbook.com/stocks/RIO/) | $911.4K | 12,800 | 1.3% | 3 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $900.8K | 23,038 | 1.2% | 9 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $900.6K | 10,490 | 1.2% | 9 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $868.2K | 4,915 | 1.2% | 9 |
| BLACKSTONE MORTGAGE TRUST IN | [BXMT](https://holderbook.com/stocks/BXMT/) | $846.4K | 39,980 | 1.2% | 9 |
| SKYWORKS SOLUTIONS INC | [SWKS](https://holderbook.com/stocks/SWKS/) | $826.1K | 9,065 | 1.1% | 9 |
| DIMENSIONAL ETF TRUST | [DFAU](https://holderbook.com/stocks/DFAU/) | $740.8K | 27,416 | 1.0% | 2 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $738.9K | 10,269 | 1.0% | 9 |
| FLEXSHARES TR | [TDTT](https://holderbook.com/stocks/TDTT/) | $682.1K | 29,000 | 0.9% | 9 |
| MEDICAL PROPERTIES TRUST INC | [MPT](https://holderbook.com/stocks/MPT/) | $679.1K | 60,960 | 0.9% | 9 |
| BLACKROCK LTD DURATION INCOM | [BLW](https://holderbook.com/stocks/BLW/) | $661.1K | 50,583 | 0.9% | 9 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $653.1K | 7,360 | 0.9% | 9 |
| PARAMOUNT GLOBAL | [PARA](https://holderbook.com/stocks/PARA/) | $643.1K | 38,100 | 0.9% | 9 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $502.8K | 3,065 | 0.7% | 9 |
| COGNIZANT TECHNOLOGY SOLUTIO | [CTSH](https://holderbook.com/stocks/CTSH/) | $474.7K | 8,300 | 0.7% | 9 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $463.2K | 4,175 | 0.6% | 9 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $443.4K | 4,758 | 0.6% | 9 |
| BANK OF AMER CORP | [BACPRL](https://holderbook.com/stocks/BACPRL/) | $430.9K | 372 | 0.6% | 5 |
| ULTRA CLEAN HLDGS INC | [UCTT](https://holderbook.com/stocks/UCTT/) | $422.9K | 12,757 | 0.6% | 6 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $405.3K | 3,075 | 0.6% | 3 |
| ILLUMINA INC | [ILMN](https://holderbook.com/stocks/ILMN/) | $385.2K | 1,905 | 0.5% | 9 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $374.8K | 15,435 | 0.5% | 2 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $372.5K | 3,825 | 0.5% | 9 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $358.3K | 1,500 | 0.5% | 9 |
| QORVO INC | [QRVO](https://holderbook.com/stocks/QRVO/) | $353.5K | 3,900 | 0.5% | 9 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $346.7K | 620 | 0.5% | 9 |
| PHYSICIANS RLTY TR | [DOCXXXX](https://holderbook.com/stocks/DOCXXXX/) | $324.1K | 22,400 | 0.4% | 9 |
| VICI PPTYS INC | [VICI](https://holderbook.com/stocks/VICI/) | $321.6K | 9,925 | 0.4% | 6 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $317.6K | 9,440 | 0.4% | 6 |
| CLEVELAND-CLIFFS INC NEW | [CLF](https://holderbook.com/stocks/CLF/) | $302.4K | 18,770 | 0.4% | 9 |
| WHITEHORSE FIN INC | [WHF](https://holderbook.com/stocks/WHF/) | $301.5K | 23,100 | 0.4% | 9 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $296.2K | 9,275 | 0.4% | 9 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $280.9K | 1,565 | 0.4% | 2 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $268.5K | 14,850 | 0.4% | 9 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $263.2K | 14,250 | 0.4% | 9 |
| DTE ENERGY CO | [DTE](https://holderbook.com/stocks/DTE/) | $258.6K | 2,200 | 0.4% | 3 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $255.3K | 4,150 | 0.4% | 2 |
| BUNGE LIMITED | [BGXXXX](https://holderbook.com/stocks/BGXXXX/) | $254.4K | 2,550 | 0.4% | 3 |
| STELLANTIS N.V | [STLA](https://holderbook.com/stocks/STLA/) | $241.5K | 17,009 | 0.3% | 3 |
| ARES COML REAL ESTATE CORP | [ACRE](https://holderbook.com/stocks/ACRE/) | $230.8K | 22,433 | 0.3% | 9 |
| TOLL BROTHERS INC | [TOL](https://holderbook.com/stocks/TOL/) | $229.6K | 4,600 | 0.3% | 9 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $219.5K | 600 | 0.3% | 1 |
| LYONDELLBASELL INDUSTRIES NV | [LYB](https://holderbook.com/stocks/LYB/) | $214.0K | 2,577 | 0.3% | 6 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $206.0K | 2,000 | 0.3% | 1 |
| TRIPLEPOINT VENTURE GROWTH B | [TPVG](https://holderbook.com/stocks/TPVG/) | $184.6K | 17,700 | 0.3% | 9 |
| GENCO SHIPPING & TRADING LTD | [GNK](https://holderbook.com/stocks/GNK/) | $183.6K | 11,950 | 0.3% | 2 |
| GOLUB CAP BDC INC | [GBDC](https://holderbook.com/stocks/GBDC/) | $173.7K | 13,200 | 0.2% | 9 |
| B & G FOODS INC | [BGS](https://holderbook.com/stocks/BGS/) | $138.4K | 12,410 | 0.2% | 9 |
| CIA ENERGETICA DE MINAS GERA | [CIG](https://holderbook.com/stocks/CIG/) | $122.5K | 60,361 | 0.2% | 3 |
| VOYA GLBL EQTY DIV & PREM OP | [IGD](https://holderbook.com/stocks/IGD/) | $62.2K | 11,500 | 0.1% | 9 |
| VIRTUS CONVERTIBLE & INCOME | [NCVXXXX](https://holderbook.com/stocks/NCVXXXX/) | $44.2K | 13,000 | 0.1% | 8 |
| GAMCO GLOBAL GOLD NAT RES & | [GGN](https://holderbook.com/stocks/GGN/) | $36.3K | 10,000 | 0.1% | 9 |

## 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 |
|---|---|---|---|---|
| Q4 2022 | +10.4% | +7.1% | +3.3% | 100% |
| Q3 2022 | -5.3% | -5.3% | -0.0% | 100% |
| Q2 2022 | -17.1% | -16.5% | -0.6% | 100% |
| Q1 2022 | -6.5% | -4.9% | -1.6% | 100% |
| Q4 2021 | +10.8% | +10.7% | +0.1% | 100% |
| Q3 2021 | -2.6% | +0.3% | -2.9% | 100% |
| Q2 2021 | +6.5% | +8.0% | -1.5% | 100% |
| Q1 2021 | +7.7% | +6.0% | +1.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2022 | $72.5M | 79 |
| Q3 2022 | $67.6M | 78 |
| Q2 2022 | $71.0M | 75 |
| Q1 2022 | $85.0M | 73 |
| Q4 2021 | $91.6M | 76 |
| Q3 2021 | $81.8M | 74 |
| Q2 2021 | $78.8M | 64 |
| Q1 2021 | $74.8M | 65 |
| Q4 2020 | $71.8M | 65 |