# MID ATLANTIC FINANCIAL MANAGEMENT INC/ADV

> Institutional holdings reported to the SEC as of Q3 2021 on Form 13F. CIK 746504. Source: https://holderbook.com/funds/746504-mid-atlantic-financial-management-inc-adv/

- Reported value: $1.5B
- Positions: 906
- Weight of the ten largest: 24.1%
- Filed: 2021-11-12

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/) | $54.5M | 385,136 | 3.6% | 12 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $49.4M | 115,004 | 3.3% | 12 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $39.4M | 99,855 | 2.6% | 12 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $37.7M | 278,583 | 2.5% | 12 |
| SPDR INDEX SHS FDS | [QEFA](https://holderbook.com/stocks/QEFA/) | $35.9M | 477,888 | 2.4% | 12 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $31.0M | 395,781 | 2.1% | 12 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $29.3M | 255,575 | 2.0% | 12 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $28.5M | 66,043 | 1.9% | 12 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $27.4M | 8,337 | 1.8% | 12 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $27.3M | 250,325 | 1.8% | 12 |
| ISHARES TR | [IUSB](https://holderbook.com/stocks/IUSB/) | $24.9M | 468,292 | 1.7% | 6 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $22.9M | 81,106 | 1.5% | 12 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $18.3M | 286,103 | 1.2% | 11 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $18.1M | 50,551 | 1.2% | 2 |
| VANECK ETF TRUST | [MOAT](https://holderbook.com/stocks/MOAT/) | $14.5M | 198,300 | 1.0% | 11 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $14.2M | 18,297 | 0.9% | 12 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $11.5M | 39,661 | 0.8% | 12 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $11.3M | 4,217 | 0.8% | 12 |
| INVESCO EXCH TRADED FD TR II | [PZA](https://holderbook.com/stocks/PZA/) | $11.0M | 410,152 | 0.7% | 12 |
| ABACUS FCF ETF TR | [ABOT](https://holderbook.com/stocks/ABOT/) | $10.6M | 366,887 | 0.7% | 4 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $9.0M | 88,282 | 0.6% | 12 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $8.9M | 80,900 | 0.6% | 12 |
| JOHN HANCOCK EXCHANGE TRADED | [JHMM](https://holderbook.com/stocks/JHMM/) | $8.8M | 170,911 | 0.6% | 11 |
| ABACUS FCF ETF TR | [ABXB](https://holderbook.com/stocks/ABXB/) | $8.8M | 352,625 | 0.6% | 4 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $8.6M | 110,289 | 0.6% | 12 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $8.5M | 52,372 | 0.6% | 12 |
| DBX ETF TR | [HYLB](https://holderbook.com/stocks/HYLB/) | $8.4M | 210,767 | 0.6% | 5 |
| LATTICE STRATEGIES TR | [RODM](https://holderbook.com/stocks/RODM/) | $8.1M | 269,448 | 0.5% | 12 |
| ABACUS FCF ETF TR | [ABFL](https://holderbook.com/stocks/ABFL/) | $7.9M | 146,331 | 0.5% | 5 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $7.8M | 293,669 | 0.5% | 12 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $7.8M | 129,212 | 0.5% | 12 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $7.5M | 53,890 | 0.5% | 12 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $7.5M | 45,857 | 0.5% | 12 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $7.4M | 33,636 | 0.5% | 12 |
| SPDR SERIES TRUST | [SPTI](https://holderbook.com/stocks/SPTI/) | $7.0M | 218,102 | 0.5% | 11 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $7.0M | 33,752 | 0.5% | 12 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $7.0M | 59,371 | 0.5% | 12 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $6.7M | 25,450 | 0.4% | 12 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $6.7M | 52,342 | 0.4% | 12 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $6.7M | 43,418 | 0.4% | 12 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $6.6M | 66,890 | 0.4% | 7 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $6.4M | 127,092 | 0.4% | 12 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $6.3M | 58,561 | 0.4% | 12 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $6.3M | 147,216 | 0.4% | 12 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $6.3M | 28,318 | 0.4% | 12 |
| ISHARES TR | [ISTB](https://holderbook.com/stocks/ISTB/) | $6.3M | 123,232 | 0.4% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $6.2M | 22,661 | 0.4% | 12 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $6.1M | 86,496 | 0.4% | 12 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $6.1M | 74,482 | 0.4% | 12 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $6.1M | 15,497 | 0.4% | 12 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $6.0M | 45,105 | 0.4% | 12 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $5.9M | 17,437 | 0.4% | 12 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $5.9M | 55,614 | 0.4% | 12 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $5.9M | 78,836 | 0.4% | 12 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $5.7M | 17,264 | 0.4% | 12 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $5.5M | 23,373 | 0.4% | 12 |
| SPDR SERIES TRUST | [PSK](https://holderbook.com/stocks/PSK/) | $5.5M | 126,517 | 0.4% | 5 |
| ISHARES TR | [USIG](https://holderbook.com/stocks/USIG/) | $5.5M | 91,204 | 0.4% | 12 |
| ABACUS FCF ETF TR | [ABLG](https://holderbook.com/stocks/ABLG/) | $5.4M | 154,113 | 0.4% | 2 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $5.4M | 87,326 | 0.4% | 12 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $5.1M | 94,083 | 0.3% | 12 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $5.1M | 19,752 | 0.3% | 12 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $5.1M | 30,304 | 0.3% | 12 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $4.8M | 31,694 | 0.3% | 12 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $4.7M | 1,760 | 0.3% | 12 |
| SPDR SERIES TRUST | [SPYD](https://holderbook.com/stocks/SPYD/) | $4.6M | 117,892 | 0.3% | 12 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $4.6M | 84,044 | 0.3% | 12 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $4.5M | 55,181 | 0.3% | 12 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $4.5M | 31,298 | 0.3% | 12 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $4.5M | 18,674 | 0.3% | 12 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $4.5M | 105,604 | 0.3% | 12 |
| ISHARES TR | [EFAV](https://holderbook.com/stocks/EFAV/) | $4.4M | 58,770 | 0.3% | 12 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $4.4M | 74,460 | 0.3% | 12 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $4.3M | 19,822 | 0.3% | 12 |
| FIRST TR EXCHANGE TRADED FD | [CIBR](https://holderbook.com/stocks/CIBR/) | $4.2M | 86,689 | 0.3% | 11 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $4.2M | 84,303 | 0.3% | 12 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $4.2M | 77,752 | 0.3% | 12 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $4.2M | 35,242 | 0.3% | 12 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $4.1M | 24,788 | 0.3% | 12 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $4.0M | 146,289 | 0.3% | 12 |
| PROSHARES TR | [NOBL](https://holderbook.com/stocks/NOBL/) | $3.8M | 43,028 | 0.3% | 12 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $3.8M | 24,270 | 0.3% | 12 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $3.8M | 47,879 | 0.3% | 12 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $3.8M | 96,636 | 0.3% | 12 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $3.7M | 36,442 | 0.2% | 12 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $3.7M | 62,357 | 0.2% | 12 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $3.7M | 31,931 | 0.2% | 11 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $3.7M | 26,316 | 0.2% | 12 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $3.7M | 15,160 | 0.2% | 12 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $3.6M | 18,562 | 0.2% | 12 |
| FIDELITY COVINGTON TRUST | [FDLO](https://holderbook.com/stocks/FDLO/) | $3.6M | 75,930 | 0.2% | 11 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $3.6M | 8,022 | 0.2% | 12 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $3.6M | 107,884 | 0.2% | 2 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $3.6M | 33,701 | 0.2% | 6 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $3.5M | 47,136 | 0.2% | 12 |
| FIRST TR EXCHANGE-TRADED FD | [FVD](https://holderbook.com/stocks/FVD/) | $3.5M | 90,279 | 0.2% | 12 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $3.5M | 20,555 | 0.2% | 12 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $3.5M | 24,908 | 0.2% | 12 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $3.4M | 28,628 | 0.2% | 12 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $3.3M | 14,162 | 0.2% | 12 |

## 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 2021 | -0.9% | +0.3% | -1.2% | 100% |
| Q2 2021 | +5.8% | +8.0% | -2.2% | 99% |
| Q1 2021 | +3.6% | +6.0% | -2.4% | 100% |
| Q4 2020 | +9.6% | +11.6% | -2.0% | 98% |
| Q3 2020 | +5.8% | +8.6% | -2.8% | 100% |
| Q2 2020 | +14.7% | +19.6% | -5.0% | 100% |
| Q1 2020 | -19.3% | -19.9% | +0.6% | 100% |
| Q4 2019 | +6.0% | +8.5% | -2.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2021 | $1.5B | 906 |
| Q2 2021 | $1.5B | 917 |
| Q1 2021 | $1.4B | 853 |
| Q4 2020 | $1.3B | 798 |
| Q3 2020 | $1.1B | 750 |
| Q2 2020 | $1.0B | 739 |
| Q1 2020 | $870.6M | 681 |
| Q4 2019 | $1.1B | 726 |
| Q3 2019 | $937.2M | 694 |
| Q2 2019 | $960.7M | 738 |
| Q1 2019 | $916.9M | 722 |
| Q4 2018 | $805.7M | 688 |