# POTOMAC FUND MANAGEMENT INC /ADV

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 826000. Source: https://holderbook.com/funds/826000-potomac-fund-management-inc-adv/

- Reported value: $4.0B
- Positions: 109
- Weight of the ten largest: 89.0%
- Filed: 2026-08-13

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 |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $2.7B | 3,546,980 | 66.9% | 7 |
| BONDBLOXX ETF TRUST | [XHLF](https://holderbook.com/stocks/XHLF/) | $392.5M | 7,802,882 | 9.9% | 5 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $137.6M | 1,565,618 | 3.5% | 2 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $82.2M | 816,856 | 2.1% | 5 |
| NORTHERN LTS FD TR IV | [SECT](https://holderbook.com/stocks/SECT/) | $60.9M | 845,221 | 1.5% | 7 |
| BONDBLOXX ETF TRUST | [XCCC](https://holderbook.com/stocks/XCCC/) | $59.4M | 1,624,900 | 1.5% | 1 |
| BONDBLOXX ETF TRUST | [XBB](https://holderbook.com/stocks/XBB/) | $55.0M | 1,342,400 | 1.4% | 1 |
| VANGUARD WHITEHALL FDS | [VWOB](https://holderbook.com/stocks/VWOB/) | $30.0M | 446,500 | 0.8% | 1 |
| INVESCO DB US DLR INDEX TR | [UUP](https://holderbook.com/stocks/UUP/) | $30.0M | 1,055,200 | 0.8% | 2 |
| ISHARES TR | [FALN](https://holderbook.com/stocks/FALN/) | $29.9M | 1,098,300 | 0.8% | 1 |
| BONDBLOXX ETF TRUST | [XEMD](https://holderbook.com/stocks/XEMD/) | $29.8M | 662,900 | 0.7% | 1 |
| EA SERIES TRUST | [ROE](https://holderbook.com/stocks/ROE/) | $28.0M | 657,300 | 0.7% | 2 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $28.0M | 75,720 | 0.7% | 1 |
| WISDOMTREE TR | [DGRW](https://holderbook.com/stocks/DGRW/) | $27.8M | 290,900 | 0.7% | 1 |
| SPDR SERIES TRUST | [CWB](https://holderbook.com/stocks/CWB/) | $27.7M | 257,100 | 0.7% | 1 |
| WISDOMTREE TR | [DXJ](https://holderbook.com/stocks/DXJ/) | $27.7M | 159,700 | 0.7% | 5 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $25.6M | 39,080 | 0.6% | 4 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $24.3M | 61,560 | 0.6% | 1 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $24.0M | 79,800 | 0.6% | 1 |
| INVESCO ACTVELY MNGD ETC FD | [PDBC](https://holderbook.com/stocks/PDBC/) | $23.9M | 1,504,900 | 0.6% | 2 |
| SPDR SERIES TRUST | [XME](https://holderbook.com/stocks/XME/) | $23.7M | 221,400 | 0.6% | 4 |
| GLOBAL X FDS | [SIL](https://holderbook.com/stocks/SIL/) | $23.7M | 305,400 | 0.6% | 4 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $23.6M | 444,100 | 0.6% | 2 |
| NORTHERN LTS FD TR IV | [BUYW](https://holderbook.com/stocks/BUYW/) | $11.5M | 792,716 | 0.3% | 7 |
| ADVISORS INNER CIRCLE FD II | [EDGF](https://holderbook.com/stocks/EDGF/) | $5.8M | 233,683 | 0.1% | 7 |
| ADVISORS INNER CIRCLE FD II | [EDGU](https://holderbook.com/stocks/EDGU/) | $4.1M | 129,472 | 0.1% | 7 |
| NORTHERN LTS FD TR IV | [TMAT](https://holderbook.com/stocks/TMAT/) | $3.2M | 102,836 | 0.1% | 7 |
| ADVISORS INNER CIRCLE FD II | [EDGH](https://holderbook.com/stocks/EDGH/) | $2.6M | 82,450 | 0.1% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.3M | 6,294 | 0.1% | 7 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.3M | 6,946 | 0.1% | 7 |
| ADVISORS INNER CIRCLE FD II | [EDGI](https://holderbook.com/stocks/EDGI/) | $2.2M | 71,594 | 0.1% | 7 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $2.1M | 24,995 | 0.1% | 7 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $2.1M | 26,621 | 0.1% | 7 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $2.1M | 16,241 | 0.1% | 7 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $2.0M | 4,995 | 0.0% | 5 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $2.0M | 10,398 | 0.0% | 2 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $1.9M | 6,674 | 0.0% | 7 |
| QNITY ELECTRONICS INC | [Q](https://holderbook.com/stocks/Q/) | $1.9M | 11,524 | 0.0% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.8M | 5,238 | 0.0% | 7 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.8M | 12,022 | 0.0% | 7 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.7M | 6,392 | 0.0% | 7 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $1.7M | 6,802 | 0.0% | 7 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.6M | 27,519 | 0.0% | 5 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.5M | 16,944 | 0.0% | 5 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $1.5M | 6,560 | 0.0% | 7 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $1.4M | 1,375 | 0.0% | 7 |
| NETEASE COM INC | [NTES](https://holderbook.com/stocks/NTES/) | $1.3M | 10,194 | 0.0% | 3 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $1.2M | 11,742 | 0.0% | 7 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $1.2M | 49,643 | 0.0% | 7 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $1.2M | 11,840 | 0.0% | 7 |
| TE CONNECTIVITY PLC | [TEL](https://holderbook.com/stocks/TEL/) | $1.2M | 5,808 | 0.0% | 2 |
| DUPONT DE NEMOURS INC | - | $1.2M | 8,513 | 0.0% | 1 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.1M | 8,122 | 0.0% | 7 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $1.1M | 4,864 | 0.0% | 4 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $968.3K | 4,325 | 0.0% | 1 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $931.5K | 3,668 | 0.0% | 7 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $917.5K | 4,150 | 0.0% | 1 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $915.9K | 10,043 | 0.0% | 7 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $883.9K | 12,405 | 0.0% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $880.1K | 4,399 | 0.0% | 4 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $826.2K | 4,471 | 0.0% | 2 |
| SOLSTICE ADVANCED MATLS INC | [SOLS](https://holderbook.com/stocks/SOLS/) | $824.5K | 9,305 | 0.0% | 3 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $818.1K | 9,498 | 0.0% | 7 |
| ISHARES TR | [TFLO](https://holderbook.com/stocks/TFLO/) | $759.2K | 14,996 | 0.0% | 7 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $742.5K | 7,268 | 0.0% | 7 |
| EVERGY INC | [EVRG](https://holderbook.com/stocks/EVRG/) | $727.8K | 8,420 | 0.0% | 7 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $717.0K | 11,871 | 0.0% | 7 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $706.9K | 589 | 0.0% | 6 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $702.5K | 5,943 | 0.0% | 1 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $679.4K | 7,328 | 0.0% | 7 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $661.2K | 3,485 | 0.0% | 5 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $649.7K | 3,919 | 0.0% | 7 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $644.3K | 1,706 | 0.0% | 4 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $627.6K | 1,776 | 0.0% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $602.5K | 2,528 | 0.0% | 5 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $572.3K | 2,626 | 0.0% | 7 |
| EASTMAN CHEM CO | [EMN](https://holderbook.com/stocks/EMN/) | $569.5K | 8,502 | 0.0% | 7 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $555.2K | 2,514 | 0.0% | 1 |
| VANGUARD SCOTTSDALE FDS | [VMBS](https://holderbook.com/stocks/VMBS/) | $554.1K | 11,837 | 0.0% | 7 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $547.2K | 4,659 | 0.0% | 7 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $531.8K | 1,550 | 0.0% | 7 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $507.7K | 989 | 0.0% | 7 |
| DBX ETF TR | [SNPE](https://holderbook.com/stocks/SNPE/) | $494.9K | 7,187 | 0.0% | 7 |
| ISHARES TR | [EAGG](https://holderbook.com/stocks/EAGG/) | $494.3K | 10,427 | 0.0% | 7 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $494.2K | 4,978 | 0.0% | 5 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $478.3K | 9,877 | 0.0% | 7 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $477.7K | 3,259 | 0.0% | 7 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $452.0K | 5,802 | 0.0% | 7 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $449.9K | 3,940 | 0.0% | 7 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $422.2K | 5,591 | 0.0% | 7 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $365.9K | 2,306 | 0.0% | 7 |
| INVESCO EXCH TRD SLF IDX FD | [BSCS](https://holderbook.com/stocks/BSCS/) | $358.4K | 17,600 | 0.0% | 1 |
| INVESCO EXCH TRD SLF IDX FD | [BSCR](https://holderbook.com/stocks/BSCR/) | $358.2K | 18,262 | 0.0% | 1 |
| INVESCO EXCH TRD SLF IDX FD | [BSCQ](https://holderbook.com/stocks/BSCQ/) | $358.2K | 18,344 | 0.0% | 1 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $357.1K | 5,982 | 0.0% | 7 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $340.7K | 4,419 | 0.0% | 7 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $336.3K | 600 | 0.0% | 5 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $333.9K | 3,268 | 0.0% | 4 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $331.8K | 766 | 0.0% | 1 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $311.6K | 2,101 | 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 |
|---|---|---|---|---|
| Q2 2026 | +11.2% | +14.8% | -3.6% | 100% |
| Q1 2026 | -3.0% | -4.6% | +1.7% | 100% |
| Q4 2025 | +0.9% | +2.4% | -1.5% | 100% |
| Q3 2025 | +8.5% | +7.8% | +0.7% | 100% |
| Q2 2025 | +10.1% | +10.5% | -0.3% | 103% |
| Q1 2025 | -7.6% | -4.6% | -3.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $4.0B | 109 |
| Q1 2026 | $2.9B | 105 |
| Q4 2025 | $2.7B | 108 |
| Q3 2025 | $2.4B | 103 |
| Q2 2025 | $1.7B | 97 |
| Q1 2025 | $227.5M | 72 |
| Q4 2024 | $1.7B | 96 |