# QUEST CAPITAL MANAGEMENT INC /ADV

> Institutional holdings reported to the SEC as of Q4 2021 on Form 13F. CIK 826516. Source: https://holderbook.com/funds/826516-quest-capital-management-inc-adv/

- Reported value: $582.0M
- Positions: 318
- Weight of the ten largest: 53.3%
- Filed: 2022-01-31

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 |
|---|---|---|---|---|---|
| RAYMOND JAMES FINL INC | [RJF](https://holderbook.com/stocks/RJF/) | $159.2M | 1,585,261 | 27.3% | 13 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $51.3M | 633,856 | 8.8% | 13 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $19.2M | 111,847 | 3.3% | 13 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $19.0M | 59,126 | 3.3% | 13 |
| SPDR SERIES TRUST | [MDYG](https://holderbook.com/stocks/MDYG/) | $12.6M | 154,751 | 2.2% | 10 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $11.9M | 150,750 | 2.0% | 13 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $10.2M | 57,234 | 1.7% | 13 |
| WORLD GOLD TR | [GLDMXXXX](https://holderbook.com/stocks/GLDMXXXX/) | $10.0M | 550,182 | 1.7% | 5 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $8.7M | 76,278 | 1.5% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $8.1M | 24,116 | 1.4% | 13 |
| ISHARES TR | [DSI](https://holderbook.com/stocks/DSI/) | $6.7M | 71,689 | 1.1% | 11 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $6.5M | 117,016 | 1.1% | 2 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $5.8M | 18,816 | 1.0% | 13 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $5.1M | 20,115 | 0.9% | 8 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $5.0M | 10,501 | 0.9% | 13 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $4.7M | 40,985 | 0.8% | 11 |
| ISHARES TR | [EFAV](https://holderbook.com/stocks/EFAV/) | $4.5M | 58,974 | 0.8% | 13 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $4.3M | 25,338 | 0.7% | 13 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $3.9M | 24,604 | 0.7% | 13 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $3.4M | 47,053 | 0.6% | 10 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $3.4M | 17,850 | 0.6% | 13 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $3.3M | 8,004 | 0.6% | 13 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $3.3M | 54,276 | 0.6% | 13 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.1M | 6,527 | 0.5% | 13 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.1M | 19,362 | 0.5% | 13 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.1M | 1,056 | 0.5% | 13 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.9M | 864 | 0.5% | 13 |
| INVESCO EXCHANGE TRADED FD T | [PHO](https://holderbook.com/stocks/PHO/) | $2.8M | 45,375 | 0.5% | 13 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $2.7M | 9,663 | 0.5% | 13 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $2.5M | 5,805 | 0.4% | 12 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.5M | 39,594 | 0.4% | 13 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.5M | 14,363 | 0.4% | 13 |
| INVESCO EXCH TRADED FD TR II | [PBD](https://holderbook.com/stocks/PBD/) | $2.4M | 90,407 | 0.4% | 13 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $2.4M | 28,587 | 0.4% | 13 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $2.4M | 8,781 | 0.4% | 13 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $2.3M | 22,813 | 0.4% | 2 |
| CABOT CORP | [CBT](https://holderbook.com/stocks/CBT/) | $2.3M | 41,342 | 0.4% | 13 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $2.2M | 12,925 | 0.4% | 13 |
| ISHARES TR | [EAGG](https://holderbook.com/stocks/EAGG/) | $2.2M | 39,665 | 0.4% | 2 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $2.2M | 12,782 | 0.4% | 13 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $2.2M | 27,101 | 0.4% | 1 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $2.2M | 25,485 | 0.4% | 13 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $2.1M | 8,214 | 0.4% | 13 |
| ISHARES TR | [IOO](https://holderbook.com/stocks/IOO/) | $2.0M | 26,111 | 0.4% | 6 |
| VANGUARD WHITEHALL FDS | [VIGI](https://holderbook.com/stocks/VIGI/) | $2.0M | 23,560 | 0.3% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.0M | 6,628 | 0.3% | 13 |
| ISHARES TR | [USHY](https://holderbook.com/stocks/USHY/) | $2.0M | 48,070 | 0.3% | 7 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $2.0M | 37,581 | 0.3% | 13 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.9M | 3,842 | 0.3% | 12 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.9M | 25,455 | 0.3% | 13 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $1.9M | 48,842 | 0.3% | 3 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $1.9M | 16,206 | 0.3% | 13 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $1.8M | 36,364 | 0.3% | 12 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $1.8M | 16,609 | 0.3% | 1 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $1.8M | 15,399 | 0.3% | 1 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $1.7M | 21,878 | 0.3% | 8 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.7M | 21,981 | 0.3% | 13 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $1.7M | 7,265 | 0.3% | 13 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $1.6M | 5,276 | 0.3% | 13 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $1.6M | 8,821 | 0.3% | 2 |
| VANGUARD WORLD FD | [VDC](https://holderbook.com/stocks/VDC/) | $1.6M | 8,014 | 0.3% | 13 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $1.6M | 10,867 | 0.3% | 2 |
| ISHARES TR | [VLUE](https://holderbook.com/stocks/VLUE/) | $1.6M | 14,214 | 0.3% | 2 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $1.5M | 14,909 | 0.3% | 13 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $1.5M | 7,787 | 0.3% | 13 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.5M | 6,810 | 0.3% | 13 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.5M | 10,082 | 0.3% | 13 |
| SPDR SERIES TRUST | [SLYG](https://holderbook.com/stocks/SLYG/) | $1.4M | 15,264 | 0.2% | 13 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.3M | 11,433 | 0.2% | 13 |
| VANGUARD ADMIRAL FDS INC | [VIOG](https://holderbook.com/stocks/VIOG/) | $1.3M | 5,592 | 0.2% | 13 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.3M | 459 | 0.2% | 13 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $1.3M | 9,403 | 0.2% | 13 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.3M | 3,531 | 0.2% | 13 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $1.3M | 15,570 | 0.2% | 3 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $1.2M | 28,580 | 0.2% | 10 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.2M | 1,777 | 0.2% | 13 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $1.1M | 4,486 | 0.2% | 13 |
| ISHARES TR | [IBDO](https://holderbook.com/stocks/IBDO/) | $1.1M | 43,404 | 0.2% | 12 |
| ISHARES TR | [IBDN](https://holderbook.com/stocks/IBDN/) | $1.1M | 44,249 | 0.2% | 12 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $1.1M | 4,272 | 0.2% | 7 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $1.1M | 11,595 | 0.2% | 7 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $1.1M | 7,098 | 0.2% | 4 |
| ISHARES TR | [IBDP](https://holderbook.com/stocks/IBDP/) | $1.0M | 39,828 | 0.2% | 12 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $1.0M | 5,079 | 0.2% | 8 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $1.0M | 6,951 | 0.2% | 13 |
| ISHARES TR | [SUSA](https://holderbook.com/stocks/SUSA/) | $1.0M | 9,560 | 0.2% | 5 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $966.0K | 21,937 | 0.2% | 2 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $928.0K | 8,082 | 0.2% | 13 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $921.0K | 4,041 | 0.2% | 12 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $914.0K | 1,765 | 0.2% | 13 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $882.0K | 2,680 | 0.2% | 12 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $880.0K | 11,587 | 0.2% | 7 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $861.0K | 3,050 | 0.1% | 13 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $860.0K | 3,868 | 0.1% | 11 |
| BEST BUY INC | [BBY](https://holderbook.com/stocks/BBY/) | $851.0K | 8,372 | 0.1% | 7 |
| IHS MARKIT LTD | [INFO](https://holderbook.com/stocks/INFO/) | $851.0K | 6,400 | 0.1% | 6 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $844.0K | 17,594 | 0.1% | 4 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $843.0K | 6,510 | 0.1% | 6 |
| ISHARES TR | [ISTB](https://holderbook.com/stocks/ISTB/) | $842.0K | 16,703 | 0.1% | 10 |
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $833.0K | 4,034 | 0.1% | 5 |

## 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 2021 | +8.5% | +10.7% | -2.2% | 99% |
| Q3 2021 | +1.4% | +0.3% | +1.1% | 99% |
| Q2 2021 | +6.1% | +8.0% | -2.0% | 99% |
| Q1 2021 | +10.6% | +6.0% | +4.6% | 99% |
| Q4 2020 | +16.3% | +11.6% | +4.7% | 98% |
| Q3 2020 | +6.5% | +8.6% | -2.1% | 99% |
| Q2 2020 | +13.8% | +19.6% | -5.8% | 98% |
| Q1 2020 | -24.2% | -19.9% | -4.2% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2021 | $582.0M | 318 |
| Q3 2021 | $509.3M | 295 |
| Q2 2021 | $502.1M | 289 |
| Q1 2021 | $466.8M | 263 |
| Q4 2020 | $428.0M | 249 |
| Q3 2020 | $361.6M | 231 |
| Q2 2020 | $333.1M | 210 |
| Q1 2020 | $291.4M | 175 |
| Q4 2019 | $418.6M | 211 |
| Q3 2019 | $405.7M | 214 |
| Q2 2019 | $391.8M | 219 |
| Q1 2019 | $400.7M | 205 |