# Ratio Wealth Group

> Institutional holdings reported to the SEC as of Q1 2024 on Form 13F. CIK 1971024. Source: https://holderbook.com/funds/1971024-ratio-wealth-group/

- Reported value: $536.9M
- Positions: 80
- Weight of the ten largest: 47.7%
- Filed: 2024-05-13

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 SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $44.6M | 553,759 | 8.3% | 6 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $30.1M | 62,561 | 5.6% | 13 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $26.1M | 479,147 | 4.9% | 13 |
| GLOBAL X FDS | [PFFD](https://holderbook.com/stocks/PFFD/) | $25.0M | 1,240,179 | 4.7% | 13 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $24.6M | 134,696 | 4.6% | 13 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $22.8M | 307,712 | 4.3% | 13 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $21.6M | 178,867 | 4.0% | 13 |
| COLUMBIA ETF TR I | [CRED](https://holderbook.com/stocks/CRED/) | $20.6M | 405,969 | 3.8% | 1 |
| ISHARES TR | [USIG](https://holderbook.com/stocks/USIG/) | $20.6M | 405,969 | 3.8% | 5 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $20.2M | 402,167 | 3.8% | 4 |
| VANECK ETF TRUST | [MOAT](https://holderbook.com/stocks/MOAT/) | $19.6M | 217,807 | 3.6% | 2 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $19.3M | 331,863 | 3.6% | 6 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $17.5M | 338,290 | 3.3% | 13 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $14.7M | 90,487 | 2.7% | 13 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $14.2M | 338,801 | 2.6% | 13 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $12.7M | 74,971 | 2.4% | 8 |
| DIREXION SHARES ETF TRUST | [QQQE](https://holderbook.com/stocks/QQQE/) | $12.3M | 138,389 | 2.3% | 6 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $12.1M | 27,169 | 2.2% | 13 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $11.5M | 189,291 | 2.1% | 13 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $11.3M | 41,752 | 2.1% | 13 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $11.3M | 47,831 | 2.1% | 2 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $11.0M | 20,955 | 2.0% | 7 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $9.0M | 58,008 | 1.7% | 13 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $7.7M | 33,842 | 1.4% | 13 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $7.4M | 28,314 | 1.4% | 2 |
| PROSHARES TR | [NOBL](https://holderbook.com/stocks/NOBL/) | $7.2M | 70,988 | 1.3% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VPL](https://holderbook.com/stocks/VPL/) | $6.9M | 90,786 | 1.3% | 13 |
| ISHARES TR | [IPAC](https://holderbook.com/stocks/IPAC/) | $6.8M | 107,743 | 1.3% | 13 |
| GLOBAL X FDS | [PAVE](https://holderbook.com/stocks/PAVE/) | $5.6M | 140,280 | 1.0% | 2 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $5.1M | 20,677 | 1.0% | 13 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $4.5M | 140,378 | 0.8% | 13 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $3.5M | 15,636 | 0.7% | 6 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $3.5M | 68,860 | 0.6% | 1 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $3.2M | 31,732 | 0.6% | 12 |
| BUSINESS FIRST BANCSHARES IN | [BFST](https://holderbook.com/stocks/BFST/) | $3.0M | 134,251 | 0.6% | 13 |
| ISHARES INC | [EWW](https://holderbook.com/stocks/EWW/) | $2.5M | 36,105 | 0.5% | 3 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $2.5M | 16,904 | 0.5% | 7 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $2.4M | 21,216 | 0.5% | 13 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.3M | 8,805 | 0.4% | 13 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $2.3M | 54,042 | 0.4% | 13 |
| BELPOINTE PREP LLC | [OZ](https://holderbook.com/stocks/OZ/) | $2.2M | 36,790 | 0.4% | 9 |
| ISHARES INC | [EWZ](https://holderbook.com/stocks/EWZ/) | $2.2M | 68,259 | 0.4% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.9M | 11,331 | 0.4% | 13 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $1.9M | 9,847 | 0.4% | 13 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.8M | 2,021 | 0.3% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.6M | 3,915 | 0.3% | 13 |
| GLOBAL X FDS | [BUG](https://holderbook.com/stocks/BUG/) | $1.3M | 43,391 | 0.2% | 4 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $1.2M | 4,388 | 0.2% | 13 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.2M | 2,229 | 0.2% | 13 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $1.1M | 13,987 | 0.2% | 4 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $850.2K | 5,240 | 0.2% | 6 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $797.1K | 4,419 | 0.1% | 13 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $720.8K | 1,714 | 0.1% | 13 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $695.6K | 4,609 | 0.1% | 5 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $594.8K | 1,225 | 0.1% | 4 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $559.6K | 5,064 | 0.1% | 7 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $508.5K | 2,121 | 0.1% | 2 |
| ISHARES TR | [ILF](https://holderbook.com/stocks/ILF/) | $483.6K | 17,004 | 0.1% | 13 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $464.9K | 3,774 | 0.1% | 13 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $452.2K | 2,970 | 0.1% | 13 |
| ISHARES TR | [IJJ](https://holderbook.com/stocks/IJJ/) | $413.9K | 3,499 | 0.1% | 13 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $404.0K | 1,617 | 0.1% | 2 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $361.1K | 4,277 | 0.1% | 10 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $357.5K | 2,260 | 0.1% | 13 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $331.2K | 5,425 | 0.1% | 13 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $325.2K | 2,408 | 0.1% | 4 |
| ARK 21SHARES BITCOIN ETF | [ARKB](https://holderbook.com/stocks/ARKB/) | $311.2K | 4,384 | 0.1% | 1 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $307.0K | 584 | 0.1% | 6 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $291.4K | 1,044 | 0.1% | 4 |
| SUPER MICRO COMPUTER INC | [SMCIXXXX](https://holderbook.com/stocks/SMCIXXXX/) | $267.7K | 265 | 0.0% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $266.4K | 201 | 0.0% | 1 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $251.1K | 1,973 | 0.0% | 3 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $230.9K | 1,289 | 0.0% | 2 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $215.2K | 435 | 0.0% | 3 |
| PHILLIPS EDISON & CO INC | [PECO](https://holderbook.com/stocks/PECO/) | $209.7K | 5,847 | 0.0% | 2 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $206.6K | 2,576 | 0.0% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $205.3K | 1,025 | 0.0% | 1 |
| DHT HOLDINGS INC | [DHT](https://holderbook.com/stocks/DHT/) | $140.1K | 12,183 | 0.0% | 12 |
| KOSMOS ENERGY LTD | [KOS](https://holderbook.com/stocks/KOS/) | $71.5K | 12,000 | 0.0% | 11 |
| FORUM ENERGY TECHNOLOGIES IN | - | $16.0K | 15,736 | 0.0% | 7 |

## 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 |
|---|---|---|---|---|
| Q1 2024 | +5.6% | +10.0% | -4.5% | 100% |
| Q4 2023 | +8.9% | +11.2% | -2.3% | 100% |
| Q3 2023 | -3.4% | -3.6% | +0.2% | 100% |
| Q1 2023 | +3.7% | +7.0% | -3.3% | 100% |
| Q4 2022 | +8.9% | +7.1% | +1.8% | 100% |
| Q3 2022 | -6.9% | -5.3% | -1.6% | 100% |
| Q2 2022 | -13.4% | -16.5% | +3.1% | 100% |
| Q1 2022 | -4.5% | -4.9% | +0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2024 | $536.9M | 80 |
| Q4 2023 | $462.2M | 74 |
| Q3 2023 | $399.2M | 70 |
| Q2 2023 | $404.3M | 67 |
| Q4 2022 | $352.1M | 62 |
| Q3 2022 | $307.2M | 60 |
| Q2 2022 | $307.4M | 57 |
| Q1 2022 | $335.2M | 57 |
| Q4 2021 | $332.3M | 57 |
| Q3 2021 | $304.7M | 63 |
| Q2 2021 | $278.8M | 50 |
| Q1 2021 | $239.5M | 47 |