# MARSHALL FINANCIAL GROUP INC /ADV

> Institutional holdings reported to the SEC as of Q3 2025 on Form 13F. CIK 701189. Source: https://holderbook.com/funds/701189-marshall-financial-group-inc-adv/

- Reported value: $363.5M
- Positions: 53
- Weight of the ten largest: 68.7%
- Filed: 2025-11-04

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 |
|---|---|---|---|---|---|
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $34.2M | 1,300,022 | 9.4% | 28 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $33.8M | 1,058,587 | 9.3% | 28 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $31.5M | 1,081,761 | 8.7% | 28 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $28.2M | 46,006 | 7.7% | 28 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $24.9M | 923,169 | 6.8% | 28 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $20.8M | 81,738 | 5.7% | 28 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $20.1M | 721,038 | 5.5% | 28 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $19.2M | 746,625 | 5.3% | 28 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $19.2M | 102,828 | 5.3% | 28 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $18.1M | 610,211 | 5.0% | 28 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $17.9M | 60,898 | 4.9% | 28 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $15.5M | 32,257 | 4.3% | 28 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $14.8M | 635,810 | 4.1% | 28 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $10.5M | 175,655 | 2.9% | 28 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $7.0M | 83,351 | 1.9% | 8 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $5.5M | 11,769 | 1.5% | 28 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $5.0M | 215,071 | 1.4% | 28 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.8M | 15,094 | 0.8% | 28 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $2.6M | 22,241 | 0.7% | 22 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $2.6M | 78,180 | 0.7% | 28 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $2.5M | 9,685 | 0.7% | 24 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $2.1M | 5,755 | 0.6% | 28 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $2.0M | 28,573 | 0.5% | 21 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $2.0M | 6,128 | 0.5% | 28 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $1.9M | 38,713 | 0.5% | 28 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $1.9M | 9,167 | 0.5% | 28 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.7M | 6,774 | 0.5% | 28 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $1.5M | 14,424 | 0.4% | 28 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $1.5M | 13,627 | 0.4% | 8 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $1.0M | 7,210 | 0.3% | 28 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $984.5K | 4,069 | 0.3% | 28 |
| SCHWAB STRATEGIC TR | [SCHC](https://holderbook.com/stocks/SCHC/) | $925.6K | 20,339 | 0.3% | 28 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $746.5K | 1,000 | 0.2% | 27 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $729.0K | 13,454 | 0.2% | 28 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $698.0K | 3,680 | 0.2% | 28 |
| WSFS FINL CORP | [WSFS](https://holderbook.com/stocks/WSFS/) | $651.2K | 12,075 | 0.2% | 15 |
| ISHARES TR | [AOA](https://holderbook.com/stocks/AOA/) | $612.7K | 6,951 | 0.2% | 20 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $592.4K | 4,203 | 0.2% | 28 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $573.4K | 1,107 | 0.2% | 28 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $569.3K | 6,097 | 0.2% | 28 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $498.0K | 3,070 | 0.1% | 8 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $477.7K | 3,420 | 0.1% | 22 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $446.5K | 8,655 | 0.1% | 20 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $425.4K | 579 | 0.1% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $401.0K | 1,271 | 0.1% | 28 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $275.2K | 9,744 | 0.1% | 5 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $252.4K | 1,427 | 0.1% | 20 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $242.4K | 3,730 | 0.1% | 2 |
| ISHARES TR | [AOR](https://holderbook.com/stocks/AOR/) | $237.1K | 3,682 | 0.1% | 6 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $225.3K | 683 | 0.1% | 1 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $221.8K | 3,358 | 0.1% | 1 |
| NEWAMSTERDAM PHARMA COMPANY | [NAMS](https://holderbook.com/stocks/NAMS/) | $213.3K | 7,500 | 0.1% | 1 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $212.2K | 2,228 | 0.1% | 3 |

## 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 | +6.7% | +7.8% | -1.1% | 100% |
| Q2 2025 | +8.4% | +10.5% | -2.0% | 100% |
| Q1 2025 | -3.0% | -4.6% | +1.6% | 100% |
| Q4 2024 | -0.3% | +2.1% | -2.4% | 100% |
| Q3 2024 | +6.5% | +5.4% | +1.1% | 100% |
| Q2 2024 | +0.7% | +4.0% | -3.4% | 100% |
| Q1 2024 | +7.2% | +10.0% | -2.9% | 100% |
| Q4 2023 | +10.8% | +11.2% | -0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2025 | $363.5M | 53 |
| Q2 2025 | $334.0M | 52 |
| Q1 2025 | $317.9M | 54 |
| Q4 2024 | $327.3M | 52 |
| Q3 2024 | $331.1M | 53 |
| Q2 2024 | $308.1M | 54 |
| Q1 2024 | $303.3M | 55 |
| Q4 2023 | $280.1M | 53 |
| Q3 2023 | $245.5M | 48 |
| Q2 2023 | $260.9M | 50 |
| Q1 2023 | $246.0M | 51 |
| Q4 2022 | $232.8M | 51 |