# ROWLAND CARMICHAEL ADVISORS INC /ADV

> Institutional holdings reported to the SEC as of Q4 2020 on Form 13F. CIK 825052. Source: https://holderbook.com/funds/825052-rowland-carmichael-advisors-inc-adv/

- Reported value: $316.2M
- Positions: 377
- Weight of the ten largest: 28.5%
- Filed: 2021-01-15

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 | [SCHF](https://holderbook.com/stocks/SCHF/) | $17.0M | 471,791 | 5.4% | 9 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $14.7M | 110,733 | 4.6% | 20 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $11.2M | 165,882 | 3.5% | 3 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $8.7M | 102,926 | 2.8% | 20 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $7.5M | 87,093 | 2.4% | 5 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $6.7M | 21,459 | 2.1% | 11 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $6.4M | 235,747 | 2.0% | 11 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $6.3M | 102,089 | 2.0% | 8 |
| WORLD GOLD TR | [GLDMXXXX](https://holderbook.com/stocks/GLDMXXXX/) | $6.0M | 314,956 | 1.9% | 9 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $5.5M | 125,815 | 1.7% | 8 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $4.8M | 24,454 | 1.5% | 20 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $4.6M | 12,130 | 1.4% | 20 |
| SPDR SERIES TRUST | [SPIB](https://holderbook.com/stocks/SPIB/) | $4.2M | 113,713 | 1.3% | 10 |
| VANGUARD SCOTTSDALE FDS | [VONE](https://holderbook.com/stocks/VONE/) | $3.8M | 21,765 | 1.2% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.7M | 16,820 | 1.2% | 20 |
| INVESCO EXCHANGE TRADED FD T | [PRF](https://holderbook.com/stocks/PRF/) | $3.6M | 26,954 | 1.1% | 11 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $3.5M | 63,050 | 1.1% | 20 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $3.5M | 114,586 | 1.1% | 20 |
| INVESCO EXCHANGE TRADED FD T | [PRFZ](https://holderbook.com/stocks/PRFZ/) | $3.3M | 22,170 | 1.1% | 11 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $3.1M | 25,667 | 1.0% | 20 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.9M | 13,072 | 0.9% | 18 |
| WISDOMTREE TR | [XSOE](https://holderbook.com/stocks/XSOE/) | $2.8M | 70,152 | 0.9% | 3 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $2.7M | 7,849 | 0.9% | 20 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.7M | 11,455 | 0.8% | 20 |
| SPDR SERIES TRUST | [SPLB](https://holderbook.com/stocks/SPLB/) | $2.6M | 79,318 | 0.8% | 3 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $2.5M | 24,723 | 0.8% | 3 |
| ISHARES TR | [AOM](https://holderbook.com/stocks/AOM/) | $2.3M | 54,308 | 0.7% | 20 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $2.3M | 10,017 | 0.7% | 8 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.3M | 1,338 | 0.7% | 20 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.3M | 6,197 | 0.7% | 20 |
| ISHARES TR | [SHYG](https://holderbook.com/stocks/SHYG/) | $2.2M | 48,236 | 0.7% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.2M | 13,868 | 0.7% | 20 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.0M | 605 | 0.6% | 9 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $1.9M | 38,189 | 0.6% | 11 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.9M | 6,968 | 0.6% | 10 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.9M | 37,565 | 0.6% | 20 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $1.9M | 16,885 | 0.6% | 1 |
| ISHARES TR | [AOK](https://holderbook.com/stocks/AOK/) | $1.8M | 47,718 | 0.6% | 20 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $1.8M | 8,246 | 0.6% | 20 |
| ISHARES TR | [VLUE](https://holderbook.com/stocks/VLUE/) | $1.8M | 20,763 | 0.6% | 3 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.8M | 16,849 | 0.6% | 10 |
| ISHARES TR | [AOR](https://holderbook.com/stocks/AOR/) | $1.6M | 30,639 | 0.5% | 20 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $1.6M | 6,989 | 0.5% | 7 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $1.5M | 4,212 | 0.5% | 4 |
| APTIV PLC | [APTVXXXX](https://holderbook.com/stocks/APTVXXXX/) | $1.5M | 11,210 | 0.5% | 13 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $1.4M | 7,748 | 0.4% | 13 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $1.4M | 24,967 | 0.4% | 6 |
| CLARIVATE PLC | [CLVT](https://holderbook.com/stocks/CLVT/) | $1.4M | 46,266 | 0.4% | 6 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $1.4M | 39,533 | 0.4% | 6 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $1.3M | 11,147 | 0.4% | 20 |
| ABRDN ASIA PACIFIC INCOME FU | [FAXXXXX](https://holderbook.com/stocks/FAXXXXX/) | $1.3M | 293,097 | 0.4% | 9 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $1.3M | 20,413 | 0.4% | 20 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.2M | 11,332 | 0.4% | 20 |
| NEW YORK TIMES CO MTN BE | [NYT](https://holderbook.com/stocks/NYT/) | $1.2M | 23,503 | 0.4% | 10 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.2M | 20,675 | 0.4% | 20 |
| CATALENT INC | [CTLT](https://holderbook.com/stocks/CTLT/) | $1.2M | 11,570 | 0.4% | 4 |
| ISHARES TR | [AOA](https://holderbook.com/stocks/AOA/) | $1.2M | 18,642 | 0.4% | 20 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $1.2M | 7,482 | 0.4% | 20 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.2M | 26,325 | 0.4% | 19 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $1.2M | 11,871 | 0.4% | 16 |
| SOUTHWEST AIRLS CO | [LUV](https://holderbook.com/stocks/LUV/) | $1.2M | 24,785 | 0.4% | 3 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $1.2M | 7,499 | 0.4% | 20 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $1.1M | 10,958 | 0.4% | 4 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.1M | 14,828 | 0.4% | 20 |
| HALOZYME THERAPEUTICS INC | [HALO](https://holderbook.com/stocks/HALO/) | $1.1M | 26,652 | 0.4% | 3 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $1.1M | 9,916 | 0.4% | 6 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $1.1M | 14,756 | 0.4% | 12 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $1.1M | 6,756 | 0.4% | 15 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $1.1M | 7,763 | 0.3% | 20 |
| XILINX INC | [XLNX](https://holderbook.com/stocks/XLNX/) | $1.1M | 7,685 | 0.3% | 20 |
| NUVEEN NASDAQ 100 DYNAMIC OV | [QQQX](https://holderbook.com/stocks/QQQX/) | $1.1M | 41,144 | 0.3% | 3 |
| MORGAN STANLEY EMERGING MKTS | [EDD](https://holderbook.com/stocks/EDD/) | $1.1M | 169,723 | 0.3% | 20 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $1.1M | 1,435 | 0.3% | 3 |
| LATTICE STRATEGIES TR | [RODM](https://holderbook.com/stocks/RODM/) | $1.0M | 36,711 | 0.3% | 3 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $996.0K | 3,813 | 0.3% | 8 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $994.0K | 4,056 | 0.3% | 8 |
| ISHARES TR | [IHI](https://holderbook.com/stocks/IHI/) | $968.0K | 2,958 | 0.3% | 3 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $957.0K | 10,013 | 0.3% | 20 |
| GAMCO GLOBAL GOLD NAT RES & | [GGN](https://holderbook.com/stocks/GGN/) | $940.0K | 267,839 | 0.3% | 14 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $940.0K | 13,851 | 0.3% | 3 |
| VANGUARD SCOTTSDALE FDS | [VMBS](https://holderbook.com/stocks/VMBS/) | $926.0K | 17,124 | 0.3% | 8 |
| SPDR SERIES TRUST | [FLRN](https://holderbook.com/stocks/FLRN/) | $919.0K | 30,038 | 0.3% | 11 |
| COHEN & STEERS REIT & PFD & | [RNP](https://holderbook.com/stocks/RNP/) | $916.0K | 40,104 | 0.3% | 11 |
| CHURCH & DWIGHT CO INC | [CHD](https://holderbook.com/stocks/CHD/) | $896.0K | 10,269 | 0.3% | 6 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $885.0K | 3,804 | 0.3% | 8 |
| SVB FINANCIAL GROUP | [SIVB](https://holderbook.com/stocks/SIVB/) | $882.0K | 2,275 | 0.3% | 5 |
| ARBOR REALTY TRUST INC | [ABR](https://holderbook.com/stocks/ABR/) | $868.0K | 61,182 | 0.3% | 10 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $850.0K | 6,110 | 0.3% | 20 |
| SOMNIGROUP INTERNATIONAL INC | [SGI](https://holderbook.com/stocks/SGI/) | $815.0K | 30,184 | 0.3% | 8 |
| ISHARES TR | [ISTB](https://holderbook.com/stocks/ISTB/) | $806.0K | 15,604 | 0.3% | 3 |
| GAMCO NAT RES GOLD & INCOME | [GNT](https://holderbook.com/stocks/GNT/) | $800.0K | 156,561 | 0.3% | 9 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $797.0K | 13,680 | 0.3% | 20 |
| CALAMOS DYNAMIC CONV & INCOM | [CCD](https://holderbook.com/stocks/CCD/) | $795.0K | 28,226 | 0.3% | 1 |
| BALL CORP | [BALL](https://holderbook.com/stocks/BALL/) | $791.0K | 8,487 | 0.3% | 6 |
| LANDSTAR SYS INC | [LSTR](https://holderbook.com/stocks/LSTR/) | $789.0K | 5,860 | 0.2% | 19 |
| GABELLI DIVID & INCOME TR | [GDV](https://holderbook.com/stocks/GDV/) | $767.0K | 35,724 | 0.2% | 1 |
| WP CAREY INC | [WPC](https://holderbook.com/stocks/WPC/) | $757.0K | 10,725 | 0.2% | 20 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $719.0K | 3,321 | 0.2% | 6 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $717.0K | 7,877 | 0.2% | 20 |
| BLACKROCK RES & COMMODITIES | [BCX](https://holderbook.com/stocks/BCX/) | $710.0K | 95,780 | 0.2% | 10 |

## 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 2020 | +12.5% | +11.6% | +0.9% | 100% |
| Q3 2020 | +6.4% | +8.6% | -2.2% | 100% |
| Q2 2020 | +16.4% | +19.6% | -3.3% | 100% |
| Q1 2020 | -20.2% | -19.9% | -0.3% | 99% |
| Q4 2019 | +5.0% | +8.5% | -3.5% | 100% |
| Q3 2019 | +1.6% | +1.3% | +0.3% | 100% |
| Q2 2019 | +2.9% | +3.7% | -0.8% | 100% |
| Q1 2019 | +12.0% | +13.0% | -1.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2020 | $316.2M | 377 |
| Q3 2020 | $255.3M | 349 |
| Q2 2020 | $235.3M | 346 |
| Q1 2020 | $196.4M | 325 |
| Q4 2019 | $291.2M | 351 |
| Q3 2019 | $291.4M | 350 |
| Q2 2019 | $289.0M | 329 |
| Q1 2019 | $272.2M | 328 |
| Q4 2018 | $226.3M | 298 |
| Q3 2018 | $257.9M | 345 |
| Q2 2018 | $235.9M | 348 |
| Q1 2018 | $182.6M | 308 |