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Annapolis Financial Services, LLC Historical SEC 13F Holdings & Archive (Q3 2024)
Annapolis Financial Services, LLCCIK: 0001843110
Diversified strategyLong-term holder
Total reported value
$337.8M
Reporting period: 2024-09-30 · Number of holdings: 487
Annapolis Financial Services, LLC disclosed 487 holdings in its latest 13F filing for the period ending 2024-09-30, with total reported value of $337.8M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 11.16
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 45.12
- Diversification
- 100
- Sizing Uniformity
- 64.53
Annapolis Financial Services, LLC's disclosed holdings carry a Herfindahl concentration index of 0.028 — mathematically equivalent to about 36 equally-sized positions, well below its 487 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.55), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 4% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNo holding changes this quarter
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 487 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AVDE | Avantis International Equity | ETF-Other | 7.11% | — | +15.95% | |
| 2 | VO | Vanguard Mid-cap ETF | ETF-Other | 4.97% | — | +5.80% | |
| 3 | VTV | Vanguard Value ETF | ETF-Other | 4.88% | — | -5.54% | |
| 4 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 4.39% | — | -5.58% | |
| 5 | MGC | Vanguard Mega Cap ETF | ETF-Other | 4.19% | — | +13.46% | |
| 6 | VOE | Vanguard Mid-cap Value ETF | ETF-Other | 4.06% | — | +5.09% | |
| 7 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 3.87% | — | -8.75% | |
| 8 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 3.52% | — | +0.36% | |
| 9 | SCHP | Schwab U.s. Tips ETF | ETF-Other | 3.18% | — | +5.86% | |
| 10 | DFAS | Dimensional US Small Cap ETF | ETF-Small Cap | 3.10% | — | +11.10% | |
| 11 | AVEM | Avantis Emerging Markets Eq | ETF-Emerging Markets | 2.91% | — | +12.77% | |
| 12 | VBR | Vanguard Small-cap Value ETF | ETF-Other | 2.62% | — | -4.93% | |
| 13 | MGV | Vanguard Mega Cap Value ETF | ETF-Other | 2.59% | — | +19.17% | |
| 14 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 2.39% | — | -1.58% | |
| 15 | DFGP | Dimensional Glbl Core Pl Fix | ETF-Other | 2.33% | — | +19.25% | |
| 16 | DFCF | Dimensional Core Fixed Inc | ETF-Other | 2.30% | — | +14.32% | |
| 17 | VB | Vanguard Small-cap ETF | ETF-Other | 2.04% | — | -6.29% | |
| 18 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 2.03% | — | -1.19% | |
| 19 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 1.79% | — | -5.24% | |
| 20 | DFSV | Dimensional US Small Cap Val | ETF-Small Cap | 1.60% | — | +19.86% | |
| 21 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.56% | — | -5.45% | |
| 22 | VUSB | Vanguard Ultra Short Bond Et | ETF-Other | 1.50% | — | -0.03% | |
| 23 | DFAU | Dimensional US Core Equity M | ETF-Other | 1.49% | — | -0.93% | |
| 24 | SPDW | Ste Str Spdr Pt Dw EU ETF | ETF-Other | 1.38% | — | -0.08% | |
| 25 | VSS | Vanguard Ftse All Wo X-us Sc | ETF-Other | 1.37% | — | -7.66% | |
| 26 | SPYV | Ss Spdr P S&p 500 Value ETF | ETF-Large Cap & Growth | 1.30% | — | -0.02% | |
| 27 | SLYV | Ss Spdr S&p 600 Sc Val ETF | ETF-Other | 1.22% | — | +0.06% | |
| 28 | GWX | State Street Spdr S&p Intern | ETF-Other | 1.21% | — | -1.24% | |
| 29 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 1.18% | — | — | |
| 30 | MDYV | Ss Spdr S&p 400 Mc Val ETF | ETF-Other | 1.17% | — | +0.24% | |
| 31 | EFA | Ishares Msci Eafe ETF | ETF-Other | 1.04% | — | — | |
| 32 | SPMD | Ss Spdr P S&p 400 Midcap ETF | ETF-Other | 1.02% | — | +0.11% | |
| 33 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 0.87% | — | — | |
| 34 | VCIT | Vanguard Int-term Corporate | ETF-Corp Bonds | 0.87% | — | -10.28% | |
| 35 | SCHV | Schwab US Large-cap Value | ETF-Other | 0.71% | — | +0.42% | |
| 36 | DFAE | Dimensional Emerging Core Eq | ETF-Emerging Markets | 0.68% | — | -2.84% | |
| 37 | IWS | Ishares Russell Mid-cap Valu | ETF-Other | 0.65% | — | +0.28% | |
| 38 | SPSM | Ss Spdr P S&p 600 Small Cap | ETF-Small Cap | 0.64% | — | +0.19% | |
| 39 | DSI | Ishares Esg Msci Kld 400 ETF | ETF-Other | 0.56% | — | — | |
| 40 | SPTM | Ss Spdr P S&p 1500 Comp ETF | ETF-Other | 0.55% | — | -0.08% | |
| 41 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 0.52% | — | -0.33% | |
| 42 | DFAI | Dimensional International Co | ETF-Other | 0.47% | — | -10.36% | |
| 43 | SPEM | State Street Sp Ptf Em ETF | ETF-Other | 0.46% | — | -1.16% | |
| 44 | VTEB | Vanguard Tax-exempt Bond ETF | ETF-Other | 0.45% | — | +0.18% | |
| 45 | AAPL | Apple Inc | Stock-Tech | 0.44% | — | +0.47% | |
| 46 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.41% | — | -0.25% | |
| 47 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 0.40% | — | — | |
| 48 | DFAC | Dimensional US Core Equity 2 | ETF-Other | 0.40% | — | +1.19% | |
| 49 | JPIE | Jpmorgan Income ETF | ETF-Other | 0.37% | — | +30.04% | |
| 50 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.32% | — | — |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+2.9%
Performance Last 4 Quarters
+20%
- Stdev
- +10.9%
- Beta
- +0.75
- Alpha
- +1.2%
- Max Drawdown
- -5.4%
- Annualized Perf
- +16.9%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +2.89
- Stutzer
- +0.43
- Treynor
- +0.22
- Sterling
- +1.15
- Calmar
- +3.11
- Information Ratio
- -0.64
- Tracking Error
- +5.8%
- Stdev Down
- +5.6%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +28.1%
- Worst 12 Months
- +5.4%
- Efficiency Ratio
- +0.58
- Sharpe
- +1.5
- Stdev Sectors
- +7.4%
- Skewness
- -0.25
- Kurtosis
- -0.41
- Upside Potential
- +4.47
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2024 Q3 | 487 | $337.8M | 0 | ||
| 2024 Q2 | 364 | $308.7M | 0 | ||
| 2024 Q1 | 355 | $303.7M | 0 | ||
| 2023 Q4 | 465 | $399.2M | 0 | ||
| 2023 Q3 | 480 | $346.3M | 0 | ||
| 2023 Q2 | 487 | $351.0M | 0 | ||
| 2023 Q1 | 452 | $329.6M | 0 | ||
| 2022 Q4 | 434 | $308.5M | 0 | ||
| 2022 Q3 | 535 | $272.4M | 0 | ||
| 2022 Q2 | 483 | $275.5M | 0 | ||
| 2022 Q1 | 489 | $307.5M | 0 | ||
| 2021 Q4 | 491 | $321.8M | 0 | ||
| 2021 Q3 | 470 | $301.3M | 0 | ||
| 2021 Q2 | 442 | $298.1M | 96 | ||
| 2021 Q1 | 443 | $273.3M | 8 | ||
| 2020 Q4 | 418 | $257.1M | 0 |
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is Annapolis Financial Services, LLC and what type of investor is it?
Annapolis Financial Services, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2024-09-30), the firm manages a tracked equity portfolio valued at approximately $337.8M, spread across 487 disclosed positions.
What are Annapolis Financial Services, LLC's largest equity positions?
Based on the latest 13F filing, Annapolis Financial Services, LLC's top holdings by market value are:
1. Avantis International Equity (AVDE) — $24.0M (7.1%)
2. Vanguard Mid-cap ETF (VO) — $16.8M (5.0%)
3. Vanguard Value ETF (VTV) — $16.5M (4.9%)
4. Vanguard Total Stock Mkt ETF (VTI) — $14.8M (4.4%)
5. Vanguard Mega Cap ETF (MGC) — $14.1M (4.2%)
What changes did Annapolis Financial Services, LLC make in its most recent portfolio filing?
No notable portfolio changes were recorded for Annapolis Financial Services, LLC in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Annapolis Financial Services, LLC focus on?
Annapolis Financial Services, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 23.7%
• Financials: 17.6%
• Communication Services: 16.8%
• Consumer Discretionary: 12.3%
• Health Care: 9.6%
• Industrials: 7.3%
Investment Profile
Annapolis Financial Services, LLC returned an annualized 16.9% over the trailing 36 months — outperforming the S&P 500 by 1.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.75 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
It has added to its AVDE position over the past two quarters (+$6.3M, now $24.0M), while trimming VEA over the same stretch (-$1.1M, still holding $13.1M).
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