# Gray Wealth Management Inc.

> Institutional holdings reported to the SEC as of Q4 2024 on Form 13F. CIK 1958397. Source: https://holderbook.com/funds/1958397-gray-wealth-management-inc/

- Reported value: $263.6M
- Positions: 132
- Weight of the ten largest: 49.7%
- Filed: 2025-02-10

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 |
|---|---|---|---|---|---|
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $29.0M | 148,029 | 11.0% | 20 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $22.9M | 55,742 | 8.7% | 20 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $18.4M | 31,223 | 7.0% | 20 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $10.5M | 43,854 | 4.0% | 20 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $10.4M | 41,565 | 3.9% | 20 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $9.9M | 37,657 | 3.8% | 20 |
| VANGUARD WORLD FD | [MGC](https://holderbook.com/stocks/MGC/) | $8.7M | 40,789 | 3.3% | 20 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $8.1M | 47,769 | 3.1% | 20 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.8M | 16,179 | 2.6% | 20 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $6.3M | 12,314 | 2.4% | 20 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $5.7M | 22,549 | 2.2% | 20 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $5.6M | 71,521 | 2.1% | 20 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $5.3M | 18,397 | 2.0% | 20 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $4.8M | 28,923 | 1.8% | 20 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $4.5M | 42,675 | 1.7% | 20 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.3M | 22,735 | 1.6% | 20 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $4.0M | 49,224 | 1.5% | 20 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $3.8M | 8,359 | 1.4% | 20 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.8M | 17,216 | 1.4% | 20 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $3.7M | 29,779 | 1.4% | 20 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $3.7M | 73,340 | 1.4% | 13 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $3.2M | 35,682 | 1.2% | 20 |
| ISHARES TR | [IHI](https://holderbook.com/stocks/IHI/) | $2.9M | 49,011 | 1.1% | 20 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $2.8M | 4,466 | 1.1% | 20 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.8M | 19,085 | 1.0% | 20 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.6M | 8,218 | 1.0% | 20 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $2.5M | 21,057 | 0.9% | 20 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $2.3M | 21,333 | 0.9% | 20 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.2M | 9,316 | 0.8% | 20 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $2.2M | 30,852 | 0.8% | 8 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $1.9M | 4,572 | 0.7% | 13 |
| VANGUARD WORLD FD | [VDE](https://holderbook.com/stocks/VDE/) | $1.9M | 15,994 | 0.7% | 20 |
| VANGUARD WORLD FD | [VDC](https://holderbook.com/stocks/VDC/) | $1.8M | 8,486 | 0.7% | 20 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $1.7M | 76,384 | 0.7% | 20 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.7M | 12,555 | 0.6% | 8 |
| FLEXSHARES TR | [QDF](https://holderbook.com/stocks/QDF/) | $1.7M | 23,503 | 0.6% | 20 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $1.6M | 4,572 | 0.6% | 20 |
| FIRST TR EXCHANGE-TRADED FD | [FTSM](https://holderbook.com/stocks/FTSM/) | $1.6M | 26,233 | 0.6% | 19 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $1.5M | 55,143 | 0.6% | 20 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $1.4M | 2,926 | 0.5% | 20 |
| VANGUARD WORLD FD | [VPU](https://holderbook.com/stocks/VPU/) | $1.4M | 8,289 | 0.5% | 20 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $1.3M | 10,687 | 0.5% | 20 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.3M | 1,695 | 0.5% | 10 |
| VANGUARD WORLD FD | [VCR](https://holderbook.com/stocks/VCR/) | $1.2M | 3,243 | 0.5% | 20 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $1.2M | 22,464 | 0.4% | 20 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.1M | 3,024 | 0.4% | 20 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $1.0M | 8,652 | 0.4% | 20 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $842.0K | 12,730 | 0.3% | 18 |
| VANGUARD WORLD FD | [VIS](https://holderbook.com/stocks/VIS/) | $821.9K | 3,231 | 0.3% | 20 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $804.8K | 5,556 | 0.3% | 20 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $804.6K | 6,306 | 0.3% | 20 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $761.3K | 33,432 | 0.3% | 20 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $733.9K | 4,130 | 0.3% | 19 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $730.6K | 18,271 | 0.3% | 20 |
| VANGUARD SCOTTSDALE FDS | [VCLT](https://holderbook.com/stocks/VCLT/) | $729.6K | 9,756 | 0.3% | 8 |
| VANGUARD WORLD FD | [VAW](https://holderbook.com/stocks/VAW/) | $699.7K | 3,725 | 0.3% | 20 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $697.7K | 35,615 | 0.3% | 7 |
| INVESCO EXCH TRADED FD TR II | [SPLV](https://holderbook.com/stocks/SPLV/) | $696.9K | 9,956 | 0.3% | 20 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $662.3K | 10,638 | 0.3% | 20 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $659.5K | 2,275 | 0.3% | 20 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $654.4K | 1,118 | 0.2% | 5 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $650.4K | 24,947 | 0.2% | 11 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $573.6K | 22,207 | 0.2% | 10 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $570.0K | 7,251 | 0.2% | 20 |
| ISHARES TR | [HDV](https://holderbook.com/stocks/HDV/) | $564.9K | 5,032 | 0.2% | 20 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $553.4K | 5,136 | 0.2% | 17 |
| ISHARES TR | [IYH](https://holderbook.com/stocks/IYH/) | $552.7K | 9,484 | 0.2% | 20 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $529.1K | 9,123 | 0.2% | 8 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $519.2K | 4,314 | 0.2% | 20 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $500.5K | 1,355 | 0.2% | 10 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $484.7K | 17,741 | 0.2% | 20 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $481.0K | 525 | 0.2% | 8 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $474.4K | 4,117 | 0.2% | 20 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $465.8K | 2,119 | 0.2% | 7 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $447.4K | 17,300 | 0.2% | 20 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $446.0K | 1,918 | 0.2% | 20 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $435.1K | 18,771 | 0.2% | 20 |
| CALAMOS CONV OPPORTUNITIES & | [CHI](https://holderbook.com/stocks/CHI/) | $425.8K | 35,661 | 0.2% | 6 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $424.6K | 724 | 0.2% | 9 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $413.2K | 1,568 | 0.2% | 13 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $397.3K | 388 | 0.2% | 1 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $388.2K | 2,034 | 0.1% | 10 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $383.4K | 2,223 | 0.1% | 8 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $379.9K | 751 | 0.1% | 13 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $375.8K | 4,653 | 0.1% | 6 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $374.8K | 4,130 | 0.1% | 20 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $369.5K | 915 | 0.1% | 2 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $368.2K | 1,641 | 0.1% | 8 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $367.2K | 4,962 | 0.1% | 7 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $364.1K | 1,152 | 0.1% | 7 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $362.9K | 5,824 | 0.1% | 20 |
| FIRST TR EXCHANGE-TRADED FD | [FTSL](https://holderbook.com/stocks/FTSL/) | $362.2K | 7,833 | 0.1% | 15 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $354.9K | 2,815 | 0.1% | 20 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $354.0K | 3,838 | 0.1% | 13 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $343.3K | 3,419 | 0.1% | 6 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $335.9K | 1,449 | 0.1% | 2 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $331.0K | 2,177 | 0.1% | 20 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $329.9K | 7,774 | 0.1% | 15 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $323.8K | 1,242 | 0.1% | 19 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $310.6K | 1,631 | 0.1% | 6 |

## 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 2024 | +0.6% | +2.1% | -1.5% | 100% |
| Q3 2024 | +5.9% | +5.4% | +0.5% | 100% |
| Q2 2024 | +2.2% | +4.0% | -1.8% | 100% |
| Q1 2024 | +7.3% | +10.0% | -2.7% | 100% |
| Q4 2023 | +9.2% | +11.2% | -2.0% | 100% |
| Q3 2023 | -3.8% | -3.6% | -0.2% | 100% |
| Q2 2023 | +5.4% | +8.3% | -2.9% | 100% |
| Q1 2023 | +3.8% | +7.0% | -3.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2024 | $263.6M | 132 |
| Q3 2024 | $253.3M | 141 |
| Q2 2024 | $231.8M | 133 |
| Q1 2024 | $224.0M | 136 |
| Q4 2023 | $205.4M | 129 |
| Q3 2023 | $195.1M | 131 |
| Q2 2023 | $198.8M | 132 |
| Q1 2023 | $183.2M | 123 |
| Q4 2022 | $172.5M | 116 |
| Q3 2022 | $156.6M | 109 |
| Q2 2022 | $165.1M | 111 |
| Q1 2022 | $194.0M | 126 |