# TOEWS CORP /ADV

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 932000. Source: https://holderbook.com/funds/932000-toews-corp-adv/

- Reported value: $685.7M
- Positions: 151
- Weight of the ten largest: 93.2%
- Filed: 2026-08-10

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/) | $266.4M | 355,690 | 38.8% | 10 |
| ISHARES TR | [USHY](https://holderbook.com/stocks/USHY/) | $191.2M | 5,163,600 | 27.9% | 1 |
| SPDR SERIES TRUST | [SPHY](https://holderbook.com/stocks/SPHY/) | $45.3M | 1,932,100 | 6.6% | 1 |
| DBX ETF TR | [HYLB](https://holderbook.com/stocks/HYLB/) | $39.9M | 1,093,400 | 5.8% | 1 |
| SPDR SERIES TRUST | [JNK](https://holderbook.com/stocks/JNK/) | $31.8M | 330,000 | 4.6% | 1 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $24.7M | 309,000 | 3.6% | 1 |
| ISHARES TR | [FALN](https://holderbook.com/stocks/FALN/) | $16.5M | 603,900 | 2.4% | 1 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $10.1M | 141,799 | 1.5% | 1 |
| BONDBLOXX ETF TRUST | [XBB](https://holderbook.com/stocks/XBB/) | $6.6M | 161,700 | 1.0% | 1 |
| PGIM ETF TR | [PAAA](https://holderbook.com/stocks/PAAA/) | $6.5M | 127,430 | 1.0% | 5 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $5.3M | 72,000 | 0.8% | 1 |
| NORTHERN LIGHTS FD TR | [MRSK](https://holderbook.com/stocks/MRSK/) | $5.2M | 135,882 | 0.8% | 24 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $5.1M | 52,026 | 0.8% | 1 |
| ISHARES TR | [FLOT](https://holderbook.com/stocks/FLOT/) | $2.1M | 41,228 | 0.3% | 10 |
| BLACKROCK ETF TRUST II | [CLOA](https://holderbook.com/stocks/CLOA/) | $2.1M | 40,500 | 0.3% | 10 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $1.7M | 8,700 | 0.2% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.6M | 4,198 | 0.2% | 1 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $1.4M | 8,600 | 0.2% | 1 |
| BONDBLOXX ETF TRUST | [XCCC](https://holderbook.com/stocks/XCCC/) | $1.3M | 35,800 | 0.2% | 1 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $1.2M | 6,500 | 0.2% | 1 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $1.2M | 21,600 | 0.2% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.1M | 3,974 | 0.2% | 1 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $1.0M | 9,600 | 0.1% | 1 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $1.0M | 8,700 | 0.1% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $774.8K | 2,077 | 0.1% | 1 |
| ISHARES TR | [ILCG](https://holderbook.com/stocks/ILCG/) | $743.7K | 6,355 | 0.1% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $588.9K | 1,799 | 0.1% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $478.6K | 2,392 | 0.1% | 1 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $450.2K | 5,121 | 0.1% | 1 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $416.3K | 3,499 | 0.1% | 1 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $415.6K | 5,776 | 0.1% | 1 |
| SELECT SECTOR SPDR TR | [XLRE](https://holderbook.com/stocks/XLRE/) | $413.9K | 9,400 | 0.1% | 1 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $402.6K | 3,555 | 0.1% | 1 |
| NORTHERN LIGHTS FD TR | - | $397.6K | 15,675 | 0.1% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $397.6K | 1,668 | 0.1% | 1 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $390.6K | 2,159 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $351.6K | 512 | 0.1% | 1 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $345.0K | 2,699 | 0.1% | 1 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $330.8K | 5,805 | 0.0% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $328.8K | 920 | 0.0% | 1 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $295.3K | 306 | 0.0% | 1 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $294.7K | 6,500 | 0.0% | 1 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $288.7K | 392 | 0.0% | 5 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $275.8K | 782 | 0.0% | 1 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $254.8K | 399 | 0.0% | 1 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $248.5K | 598 | 0.0% | 1 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $224.7K | 1,913 | 0.0% | 1 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $213.5K | 379 | 0.0% | 1 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $205.9K | 3,559 | 0.0% | 1 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $183.0K | 3,600 | 0.0% | 1 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $182.9K | 253 | 0.0% | 1 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $175.1K | 2,453 | 0.0% | 1 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $172.6K | 675 | 0.0% | 1 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $171.6K | 1,471 | 0.0% | 1 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $158.5K | 2,132 | 0.0% | 1 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $154.0K | 2,900 | 0.0% | 1 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $153.4K | 360 | 0.0% | 1 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $152.3K | 1,465 | 0.0% | 1 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $147.4K | 577 | 0.0% | 1 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $145.2K | 786 | 0.0% | 1 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $142.6K | 1,019 | 0.0% | 1 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $132.9K | 376 | 0.0% | 1 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $128.7K | 1,094 | 0.0% | 1 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $126.7K | 342 | 0.0% | 1 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $124.7K | 104 | 0.0% | 1 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $119.5K | 277 | 0.0% | 1 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $111.5K | 815 | 0.0% | 1 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $107.8K | 1,714 | 0.0% | 1 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $104.1K | 1,209 | 0.0% | 1 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $103.8K | 662 | 0.0% | 1 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $100.5K | 782 | 0.0% | 1 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $99.1K | 50 | 0.0% | 1 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $92.3K | 1,000 | 0.0% | 1 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $88.0K | 1,950 | 0.0% | 1 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $83.3K | 230 | 0.0% | 1 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $79.5K | 365 | 0.0% | 1 |
| NISOURCE INC | [NI](https://holderbook.com/stocks/NI/) | $76.3K | 1,605 | 0.0% | 1 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $75.6K | 71 | 0.0% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $75.1K | 219 | 0.0% | 1 |
| ECHOSTAR CORP | [ECHO](https://holderbook.com/stocks/ECHO/) | $74.2K | 731 | 0.0% | 1 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $71.1K | 429 | 0.0% | 1 |
| NORTHERN LIGHTS FD TR | [THY](https://holderbook.com/stocks/THY/) | $70.3K | 3,216 | 0.0% | 1 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $70.2K | 750 | 0.0% | 1 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $70.1K | 862 | 0.0% | 1 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $68.8K | 135 | 0.0% | 1 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $68.3K | 71 | 0.0% | 1 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $66.2K | 114 | 0.0% | 1 |
| ROYAL CARIBBEAN GROUP | [RCL](https://holderbook.com/stocks/RCL/) | $64.5K | 203 | 0.0% | 1 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $63.8K | 300 | 0.0% | 1 |
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $63.7K | 182 | 0.0% | 1 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $61.7K | 421 | 0.0% | 1 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $60.8K | 225 | 0.0% | 1 |
| EMCOR GROUP INC | [EME](https://holderbook.com/stocks/EME/) | $60.6K | 73 | 0.0% | 1 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $57.4K | 424 | 0.0% | 1 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $43.9K | 197 | 0.0% | 1 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $43.6K | 70 | 0.0% | 1 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $43.3K | 200 | 0.0% | 1 |
| STEEL DYNAMICS INC | [STLD](https://holderbook.com/stocks/STLD/) | $43.1K | 188 | 0.0% | 1 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $42.5K | 163 | 0.0% | 1 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $41.7K | 189 | 0.0% | 1 |

## 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 | +14.0% | +14.8% | -0.8% | 100% |
| Q1 2026 | -2.6% | -4.6% | +2.0% | 100% |
| Q4 2025 | +0.6% | +2.4% | -1.8% | 100% |
| Q3 2025 | +3.5% | +7.8% | -4.3% | 100% |
| Q2 2025 | +9.5% | +10.5% | -0.9% | 100% |
| Q1 2025 | -4.3% | -4.6% | +0.3% | 100% |
| Q4 2024 | -2.1% | +2.1% | -4.3% | 100% |
| Q3 2024 | +4.4% | +5.4% | -1.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $685.7M | 151 |
| Q1 2026 | $259.2M | 6 |
| Q4 2025 | $687.5M | 15 |
| Q3 2025 | $699.8M | 15 |
| Q2 2025 | $687.1M | 15 |
| Q1 2025 | $226.4M | 8 |
| Q4 2024 | $168.3M | 9 |
| Q3 2024 | $745.7M | 17 |
| Q2 2024 | $605.6M | 17 |
| Q1 2024 | $575.0M | 17 |
| Q4 2023 | $421.3M | 11 |
| Q3 2023 | $165.1M | 105 |