# Sanford Advisory Services, LLC

> Institutional holdings reported to the SEC as of Q4 2022 on Form 13F. CIK 1932496. Source: https://holderbook.com/funds/1932496-sanford-advisory-services-llc/

- Reported value: $419.9M
- Positions: 119
- Weight of the ten largest: 57.8%
- Filed: 2023-02-08

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 | [USMV](https://holderbook.com/stocks/USMV/) | $34.1M | 472,229 | 8.1% | 9 |
| GOLDMAN SACHS ETF TR | [GSLC](https://holderbook.com/stocks/GSLC/) | $33.3M | 437,897 | 7.9% | 9 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $33.0M | 136,286 | 7.9% | 9 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $29.5M | 76,657 | 7.0% | 9 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $28.5M | 116,485 | 6.8% | 9 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $27.3M | 545,970 | 6.5% | 8 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $24.6M | 189,490 | 5.9% | 9 |
| ISHARES TR | [SMLF](https://holderbook.com/stocks/SMLF/) | $11.1M | 222,935 | 2.6% | 3 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $10.8M | 89,715 | 2.6% | 9 |
| INVESCO EXCH TRADED FD TR II | [XMLV](https://holderbook.com/stocks/XMLV/) | $10.6M | 198,244 | 2.5% | 9 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $9.3M | 123,557 | 2.2% | 2 |
| ISHARES INC | [ACWV](https://holderbook.com/stocks/ACWV/) | $8.5M | 89,940 | 2.0% | 9 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $7.9M | 22,385 | 1.9% | 9 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $7.8M | 172,600 | 1.9% | 3 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $7.5M | 77,038 | 1.8% | 9 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $6.7M | 78,866 | 1.6% | 9 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $6.3M | 207,798 | 1.5% | 3 |
| WISDOMTREE TR | [DON](https://holderbook.com/stocks/DON/) | $5.9M | 144,450 | 1.4% | 3 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $4.8M | 96,473 | 1.2% | 3 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $4.8M | 45,186 | 1.1% | 9 |
| INVESCO EXCH TRADED FD TR II | [XSLV](https://holderbook.com/stocks/XSLV/) | $4.0M | 89,924 | 1.0% | 9 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $3.8M | 36,445 | 0.9% | 2 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $3.7M | 25,678 | 0.9% | 3 |
| ISHARES TR | [EFAV](https://holderbook.com/stocks/EFAV/) | $3.7M | 58,251 | 0.9% | 9 |
| INVESCO EXCH TRADED FD TR II | [SPLV](https://holderbook.com/stocks/SPLV/) | $3.7M | 57,272 | 0.9% | 9 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $3.5M | 73,152 | 0.8% | 1 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $3.3M | 26,132 | 0.8% | 9 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $3.0M | 32,319 | 0.7% | 1 |
| MERCANTILE BK CORP | [MBWM](https://holderbook.com/stocks/MBWM/) | $2.9M | 86,640 | 0.7% | 9 |
| RAYMOND JAMES FINL INC | [RJF](https://holderbook.com/stocks/RJF/) | $2.8M | 26,361 | 0.7% | 9 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $2.6M | 61,226 | 0.6% | 1 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $2.4M | 25,135 | 0.6% | 9 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $2.3M | 95,510 | 0.6% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.2M | 6,999 | 0.5% | 9 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $2.2M | 43,598 | 0.5% | 1 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.1M | 7,907 | 0.5% | 9 |
| ISHARES TR | [IUSV](https://holderbook.com/stocks/IUSV/) | $2.0M | 27,771 | 0.5% | 9 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $2.0M | 10,675 | 0.5% | 1 |
| ISHARES TR | [ICVT](https://holderbook.com/stocks/ICVT/) | $1.9M | 27,277 | 0.5% | 6 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.9M | 9,860 | 0.4% | 9 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $1.7M | 11,537 | 0.4% | 9 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $1.7M | 6,238 | 0.4% | 9 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.6M | 18,643 | 0.4% | 9 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.5M | 22,630 | 0.3% | 9 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $1.4M | 6,887 | 0.3% | 9 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $1.4M | 19,120 | 0.3% | 9 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.4M | 11,154 | 0.3% | 9 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.3M | 3,481 | 0.3% | 9 |
| ISHARES TR | [ISCB](https://holderbook.com/stocks/ISCB/) | $1.2M | 26,401 | 0.3% | 9 |
| ISHARES TR | [SMMV](https://holderbook.com/stocks/SMMV/) | $1.2M | 34,244 | 0.3% | 9 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $1.1M | 4,387 | 0.3% | 9 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.1M | 7,568 | 0.3% | 9 |
| DIMENSIONAL ETF TRUST | [DFUV](https://holderbook.com/stocks/DFUV/) | $1.1M | 32,323 | 0.3% | 1 |
| SPDR SERIES TRUST | [CWB](https://holderbook.com/stocks/CWB/) | $1.1M | 16,319 | 0.3% | 9 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $1.0M | 3,002 | 0.2% | 8 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $1.0M | 15,248 | 0.2% | 9 |
| JANUS DETROIT STR TR | [VNLA](https://holderbook.com/stocks/VNLA/) | $1.0M | 21,426 | 0.2% | 9 |
| DIMENSIONAL ETF TRUST | [DUHP](https://holderbook.com/stocks/DUHP/) | $1.0M | 41,814 | 0.2% | 1 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $955.9K | 2,343 | 0.2% | 9 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $914.1K | 40,899 | 0.2% | 1 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $906.7K | 5,133 | 0.2% | 9 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $900.6K | 29,070 | 0.2% | 9 |
| ISHARES TR | [HDV](https://holderbook.com/stocks/HDV/) | $792.1K | 7,599 | 0.2% | 9 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $783.3K | 17,135 | 0.2% | 9 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $779.8K | 5,200 | 0.2% | 3 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $769.2K | 15,011 | 0.2% | 9 |
| ISHARES INC | [EEMV](https://holderbook.com/stocks/EEMV/) | $712.9K | 13,431 | 0.2% | 9 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $694.2K | 17,808 | 0.2% | 1 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $639.7K | 3,541 | 0.2% | 9 |
| ISHARES TR | [XT](https://holderbook.com/stocks/XT/) | $636.5K | 13,446 | 0.2% | 9 |
| SPDR SERIES TRUST | [XHE](https://holderbook.com/stocks/XHE/) | $627.9K | 6,985 | 0.1% | 9 |
| KELLOGG CO | [K](https://holderbook.com/stocks/K/) | $621.9K | 8,730 | 0.1% | 9 |
| ISHARES TR | [IYH](https://holderbook.com/stocks/IYH/) | $621.3K | 2,190 | 0.1% | 9 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $613.2K | 3,906 | 0.1% | 1 |
| ISHARES TR | [IMTM](https://holderbook.com/stocks/IMTM/) | $588.9K | 19,102 | 0.1% | 1 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $586.6K | 7,551 | 0.1% | 9 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $583.0K | 5,286 | 0.1% | 9 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $573.1K | 679 | 0.1% | 4 |
| ISHARES TR | [SUSA](https://holderbook.com/stocks/SUSA/) | $569.7K | 6,920 | 0.1% | 9 |
| DIMENSIONAL ETF TRUST | [DIHP](https://holderbook.com/stocks/DIHP/) | $566.2K | 25,678 | 0.1% | 1 |
| ISHARES TR | [IDU](https://holderbook.com/stocks/IDU/) | $539.0K | 6,228 | 0.1% | 9 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $535.3K | 3,312 | 0.1% | 9 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $521.7K | 10,538 | 0.1% | 9 |
| HORMEL FOODS CORP | [HRL](https://holderbook.com/stocks/HRL/) | $502.6K | 11,034 | 0.1% | 9 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $497.4K | 2,074 | 0.1% | 9 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $467.5K | 5,294 | 0.1% | 9 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $461.6K | 4,214 | 0.1% | 1 |
| CMS ENERGY CORP | [CMS](https://holderbook.com/stocks/CMS/) | $439.1K | 6,933 | 0.1% | 9 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $425.9K | 3,176 | 0.1% | 9 |
| ISHARES INC | [EMGF](https://holderbook.com/stocks/EMGF/) | $417.3K | 10,167 | 0.1% | 1 |
| ENTERPRISE FINL SVCS CORP | [EFSC](https://holderbook.com/stocks/EFSC/) | $409.9K | 8,372 | 0.1% | 6 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $402.6K | 1,215 | 0.1% | 5 |
| GLOBAL X FDS | [QYLD](https://holderbook.com/stocks/QYLD/) | $397.8K | 25,000 | 0.1% | 7 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $392.5K | 4,931 | 0.1% | 9 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $388.9K | 2,962 | 0.1% | 9 |
| ISHARES TR | [IHI](https://holderbook.com/stocks/IHI/) | $388.8K | 7,396 | 0.1% | 9 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $385.8K | 8,099 | 0.1% | 9 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $380.1K | 5,123 | 0.1% | 8 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $376.0K | 1,569 | 0.1% | 9 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $374.8K | 2,472 | 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 | +7.9% | +7.1% | +0.8% | 100% |
| Q3 2022 | -4.5% | -5.3% | +0.9% | 100% |
| Q2 2022 | -15.6% | -16.5% | +0.8% | 100% |
| Q1 2022 | -4.5% | -4.9% | +0.4% | 100% |
| Q4 2021 | +9.3% | +10.7% | -1.3% | 100% |
| Q3 2021 | +0.1% | +0.3% | -0.2% | 100% |
| Q2 2021 | +6.7% | +8.0% | -1.3% | 102% |
| Q1 2021 | +2.7% | +6.0% | -3.3% | 103% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2022 | $419.9M | 119 |
| Q3 2022 | $350.1M | 109 |
| Q2 2022 | $353.8M | 114 |
| Q1 2022 | $366.9M | 111 |
| Q4 2021 | $443.7M | 111 |
| Q3 2021 | $398.7M | 109 |
| Q2 2021 | $388.3M | 106 |
| Q1 2021 | $358.7M | 102 |
| Q4 2020 | $313.0M | 97 |