CI
CFS Investment Advisory Services, LLC 13F Holdings (361 Positions, Q3 2026)
CFS Investment Advisory Services, LLCCIK: 0001845688
Diversified strategyMomentum followerLong-term holder
Total reported value
$1.5B
Reporting period: 2026-09-30 · Number of holdings: 361
CFS Investment Advisory Services, LLC disclosed 361 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $1.5B and a quarterly turnover rate of 14.0%.
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Personality snowflake
- Concentration
- 9.39
- Portfolio Stability
- 14.04
- Momentum
- 100
- Sector conviction
- 48.36
- Diversification
- 100
- Sizing Uniformity
- 72.62
CFS Investment Advisory Services, LLC's disclosed holdings carry a Herfindahl concentration index of 0.023 — mathematically equivalent to about 43 equally-sized positions, well below its 361 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 2.74), 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 17% 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.govTrim MBB
-87.0% -$15.3M
Trim SPMO
-86.8% -$11.7M
Add ACWX
+76.3% $10.8M
Add BIL
+1136.8% $9.0M
Add SPYM
+4.2% $11.7M
New buy 30233Q108
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 361 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-Large Cap & Growth | 9.24% | +0.53% | +4.16% | |
| 2 | PTLC | Pacer Trendpilot US Large Ca | ETF-Other | 7.96% | +0.08% | -0.67% | |
| 3 | VUG | Vanguard Growth ETF | ETF-Other | 3.92% | +0.20% | -0.02% | |
| 4 | IWD | Ishares Russell 1000 Value E | ETF-Other | 2.68% | -0.05% | -1.17% | |
| 5 | DYNF | Ishrs US E F R A Etf-usd Inc | ETF-Other | 2.37% | -0.02% | -3.06% | |
| 6 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 2.13% | +0.03% | -0.50% | |
| 7 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 1.99% | +0.03% | +4.22% | |
| 8 | DFAC | Dimensional US Core Equity 2 | ETF-Other | 1.88% | -0.03% | -1.51% | |
| 9 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 1.78% | -0.06% | +2.35% | |
| 10 | IUSB | Ishr Cr Unvrse Usd Bd Etf-ui | ETF-Other | 1.73% | +0.26% | +25.93% | |
| 11 | ACWX | Ishares Msci Acwi Ex US ETF | ETF-Other | 1.58% | +0.67% | +76.35% | |
| 12 | CORO | Ish Intl Ctry Rot Act ETF | ETF-Other | 1.51% | -0.03% | -1.56% | |
| 13 | IVW | Ishares S&p 500 Growth ETF | ETF-Large Cap & Growth | 1.50% | +0.03% | -2.87% | |
| 14 | AAPL | Apple Inc | Stock-Tech | 1.46% | +0.10% | +2.07% | |
| 15 | DFCF | Dimensional Core Fixed Inc | ETF-Other | 1.44% | -0.09% | +1.61% | |
| 16 | GOVT | Ishares US Treasury Bond ETF | ETF-Gov Bonds | 1.37% | +0.13% | +17.73% | |
| 17 | DFIV | Dimensional International Va | ETF-Other | 1.30% | -0.02% | -0.71% | |
| 18 | VGIT | Vanguard Intermediate-term T | ETF-Other | 1.18% | +0.17% | +24.50% | |
| 19 | DFAE | Dimensional Emerging Core Eq | ETF-Emerging Markets | 1.12% | — | -0.60% | |
| 20 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 1.06% | -0.39% | -24.43% | |
| 21 | IALT | Ishrs Sys Alt Act ETF | ETF-Other | 1.05% | +0.08% | +4.71% | |
| 22 | BND | Vanguard Total Bond Market | ETF-Other | 1.01% | +0.10% | +18.93% | |
| 23 | BAI | Ishrs Ai In And Tech Act ETF | ETF-Tech | 0.98% | -0.13% | -14.26% | |
| 24 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.96% | +0.05% | +5.37% | |
| 25 | SCHZ | Schwab US Aggregate Bond ETF | ETF-Other | 0.93% | +0.10% | +21.13% | |
| 26 | BRTR | Ishares Total Return Act ETF | ETF-Other | 0.92% | -0.17% | -8.86% | |
| 27 | SPTL | Ss Spdr Pf Lng Trm Tsy E-usd | ETF-Other | 0.84% | -0.06% | +5.11% | |
| 28 | DFUS | Dimensional US Eq Mkt ETF | ETF-Other | 0.81% | +0.03% | +2.43% | |
| 29 | BNDX | Vanguard Total Intl Bond ETF | ETF-Other | 0.81% | +0.17% | +34.52% | |
| 30 | NVDA | Nvidia CORP | Stock-Tech | 0.79% | +0.13% | +0.84% | |
| 31 | DFAI | Dimensional International Co | ETF-Other | 0.77% | -0.01% | +2.24% | |
| 32 | CGDV | Cap Group Dividend Value | ETF-Other | 0.77% | -0.01% | -1.50% | |
| 33 | IEI | Ishares 3-7 Year Treasury Bo | ETF-Gov Bonds | 0.69% | -0.17% | -15.38% | |
| 34 | SHLD | Global X Defense Tech ETF | ETF-Tech | 0.69% | -0.05% | +0.94% | |
| 35 | THRO | Ishares U.s. Thematic Rotati | ETF-Other | 0.67% | -0.01% | -4.36% | |
| 36 | NOBL | Proshares S&p 500 Dividend A | ETF-Large Cap & Growth | 0.66% | -0.07% | -2.49% | |
| 37 | AVGO | Broadcom Inc | Stock-Tech | 0.65% | -0.01% | -2.16% | |
| 38 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 0.64% | +0.59% | +1136.82% | |
| 39 | XT | Ishar Fture Exp Tech Etf-usd | ETF-Tech | 0.60% | — | -0.17% | |
| 40 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 0.59% | +0.01% | -0.33% | |
| 41 | IYW | Ishares Ustechnology ETF | ETF-Tech | 0.54% | +0.04% | -1.64% | |
| 42 | ESGU | Ishares Esg Aware Msci USA | ETF-Other | 0.53% | — | -1.78% | |
| 43 | NANR | Sta Str Sp S&p Nor An Res-ui | ETF-Other | 0.53% | +0.05% | — | |
| 44 | MSFT | Microsoft CORP | Stock-Tech | 0.53% | +0.15% | +4.11% | |
| 45 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 0.51% | -0.06% | -5.42% | |
| 46 | DFSD | Dimensional Short Duration | ETF-Other | 0.49% | -0.02% | +2.24% | |
| 47 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.48% | -0.03% | -0.81% | |
| 48 | ✓ | Stock-Other | 0.47% | +0.47% | NEW | ||
| 49 | OEF | Ishares S&p 100 ETF | ETF-Other | 0.42% | +0.01% | -0.51% | |
| 50 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.42% | +0.01% | +7.47% |
1–50 of 200
Portfolio Performance
Performance for Q4 2026
+1%
Performance Last 4 Quarters
+11.6%
- Stdev
- +9.5%
- Beta
- +0.74
- Alpha
- +1%
- Max Drawdown
- -4.9%
- Annualized Perf
- +18.3%
- Batting Avg vs S&P
- +36.1%
- Sortino
- +3.79
- Stutzer
- +0.53
- Treynor
- +0.24
- Sterling
- +1.28
- Calmar
- +3.75
- Information Ratio
- -1.1
- Tracking Error
- +4.5%
- Stdev Down
- +4.6%
- Winning Months %
- +77.8%
- Losing Months %
- +22.2%
- Best 12 Months
- +28.1%
- Worst 12 Months
- +7.2%
- Efficiency Ratio
- +0.72
- Sharpe
- +1.83
- Stdev Sectors
- +8%
- Skewness
- -0.21
- Kurtosis
- +0.08
- Upside Potential
- +5.21
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 361 | $1.5B | 14 | ||
| 2026 Q2 | 357 | $1.5B | 0 | ||
| 2026 Q1 | 353 | $1.5B | 21 | ||
| 2025 Q4 | 330 | $1.4B | 9 | ||
| 2025 Q3 | 341 | $1.3B | 27 | ||
| 2025 Q2 | 324 | $1.2B | 0 | ||
| 2025 Q1 | 307 | $1.1B | 100 | ||
| 2024 Q4 | 294 | $1.1B | 0 | ||
| 2024 Q3 | 297 | $1.2B | 0 | ||
| 2024 Q2 | 306 | $1.2B | 0 | ||
| 2024 Q1 | 157 | $594.8M | 0 | ||
| 2023 Q4 | 150 | $555.4M | 0 | ||
| 2023 Q3 | 160 | $627.6M | 0 | ||
| 2023 Q2 | 235 | $782.8M | 0 | ||
| 2023 Q1 | 136 | $549.8M | 0 | ||
| 2022 Q4 | 126 | $440.7M | 0 | ||
| 2022 Q3 | 111 | $388.2M | 0 | ||
| 2022 Q2 | 206 | $653.6M | 0 | ||
| 2022 Q1 | 565 | $23.0M | 0 | ||
| 2021 Q4 | 214 | $744.7M | 0 | ||
| 2021 Q3 | 199 | $729.8M | 0 | ||
| 2021 Q2 | 27 | $109.7M | 100 | ||
| 2020 Q4 | 175 | $627.7M | 0 |
Holding changes this quarter
CFS Investment Advisory Services, LLC's most significant position changes for 2026-09-30: New buy: ; New buy: Schwab Fndmn Intl Lrg Co ETF (FNDF); Sold out: Exxon Mobil CORP (XOM); New buy: Ishr Mtge Back Sec Act (MBBA); New buy: .
Showing top 200 changes by size (of 379 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ACWX | Ishares Msci Acwi Ex US ETF | +0.7% | +76.35% | Add |
| 2 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +0.6% | +1136.82% | Add |
| 3 | SPYM | Ste Str Spdr Pt S&p 500 ETF | +0.5% | +4.16% | Add |
| 4 | ✓ | +0.5% | NEW | New buy | |
| 5 | FNDF | Schwab Fndmn Intl Lrg Co ETF | +0.4% | NEW | New buy |
| 6 | SPAB | Ss Spdr P Agg Bond ETF | +0.3% | +1097.79% | Add |
| 7 | IUSB | Ishr Cr Unvrse Usd Bd Etf-ui | +0.3% | +25.93% | Add |
| 8 | VUG | Vanguard Growth ETF | +0.2% | -0.02% | Trim |
| 9 | VGIT | Vanguard Intermediate-term T | +0.2% | +24.50% | Add |
| 10 | BNDX | Vanguard Total Intl Bond ETF | +0.2% | +34.52% | Add |
| 11 | MSFT | Microsoft CORP | +0.2% | +4.11% | Add |
| 12 | MBBA | Ishr Mtge Back Sec Act | +0.1% | NEW | New buy |
| 13 | GOVT | Ishares US Treasury Bond ETF | +0.1% | +17.73% | Add |
| 14 | NVDA | Nvidia CORP | +0.1% | +0.84% | Add |
| 15 | EFV | Ishares Msci Eafe Value ETF | +0.1% | +68.78% | Add |
| 16 | ✓ | +0.1% | NEW | New buy | |
| 17 | AAPL | Apple Inc | +0.1% | +2.07% | Add |
| 18 | SCHZ | Schwab US Aggregate Bond ETF | +0.1% | +21.13% | Add |
| 19 | BND | Vanguard Total Bond Market | +0.1% | +18.93% | Add |
| 20 | PTLC | Pacer Trendpilot US Large Ca | +0.1% | -0.67% | Trim |
| 21 | IALT | Ishrs Sys Alt Act ETF | +0.1% | +4.71% | Add |
| 22 | BNDW | Vanguard Total World Bond Et | +0.1% | +145.41% | Add |
| 23 | VSDM | Vanguard Short Tax-ex Bond | +0.1% | +142.15% | Add |
| 24 | VWO | Vanguard Ftse Emerging Marke | +0.1% | +5.37% | Add |
| 25 | NANR | Sta Str Sp S&p Nor An Res-ui | +0.1% | — | Unchanged |
| 26 | GOOGL | Alphabet Inc-cl A | +0.1% | +26.75% | Add |
| 27 | AMZN | Amazon.com Inc | 0% | +15.20% | Add |
| 28 | IYW | Ishares Ustechnology ETF | 0% | -1.64% | Trim |
| 29 | ACN | Accenture plc | 0% | NEW | New buy |
| 30 | IWX | Ishares Russell Top 200 Valu | 0% | +31.00% | Add |
| 31 | PSX | Phillips 66 | 0% | +5.91% | Add |
| 32 | VEA | Vanguard Ftse Developed ETF | 0% | +4.22% | Add |
| 33 | IVV | Ishares Core S&p 500 ETF | 0% | -0.50% | Trim |
| 34 | IVW | Ishares S&p 500 Growth ETF | 0% | -2.87% | Trim |
| 35 | DFUS | Dimensional US Eq Mkt ETF | 0% | +2.43% | Add |
| 36 | AMD | Advanced Micro Devices | 0% | +52.67% | Add |
| 37 | QQQ | Invesco Qqq Trust Series 1 | 0% | +14.71% | Add |
| 38 | META | Meta Platforms Inc-class A | 0% | +6.31% | Add |
| 39 | XLK | Ss Technology Select Sector | 0% | +113.27% | Add |
| 40 | PM | Philip Morris International | 0% | +23.02% | Add |
| 41 | ✓ | 0% | NEW | New buy | |
| 42 | SPIP | Ss Spdr P Tips ETF | 0% | +25.11% | Add |
| 43 | PLTR | Palantir Technologies Inc-a | 0% | +2.87% | Add |
| 44 | ✓ | 0% | NEW | New buy | |
| 45 | NUE | Nucor CORP | 0% | -0.27% | Trim |
| 46 | VTIP | Vanguard Short-term Tips | 0% | +22.71% | Add |
| 47 | MUB | Ishares National Muni Bond E | 0% | +19.73% | Add |
| 48 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | 0% | NEW | New buy |
| 49 | CVX | Chevron CORP | 0% | +7.13% | Add |
| 50 | XLV | Ss Health Care Select Sector | 0% | NEW | New buy |
1–50 of 200
Filing History
FAQ
What is CFS Investment Advisory Services, LLC and what type of investor is it?
CFS Investment Advisory 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 (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $1.5B, spread across 361 disclosed positions.
What are CFS Investment Advisory Services, LLC's largest equity positions?
Based on the latest 13F filing, CFS Investment Advisory Services, LLC's top holdings by market value are:
1. Ste Str Spdr Pt S&p 500 ETF (SPYM) — $142.4M (9.2%)
2. Pacer Trendpilot US Large Ca (PTLC) — $122.7M (8.0%)
3. Vanguard Growth ETF (VUG) — $60.4M (3.9%)
4. Ishares Russell 1000 Value E (IWD) — $41.3M (2.7%)
5. Ishrs US E F R A Etf-usd Inc (DYNF) — $36.5M (2.4%)
What changes did CFS Investment Advisory Services, LLC make in its most recent portfolio filing?
In the latest reported quarter, CFS Investment Advisory Services, LLC made 199 notable position adjustments: 22 new positions were initiated, 81 existing holdings were added to, 79 positions were partially reduced, and 17 were completely exited. The largest of these moves: New buy: ; New buy: Schwab Fndmn Intl Lrg Co ETF (FNDF); Sold out: Exxon Mobil CORP (XOM); New buy: Ishr Mtge Back Sec Act (MBBA); New buy:
What sectors does CFS Investment Advisory Services, LLC focus on?
CFS Investment Advisory Services, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 30.1%
• Health Care: 15.1%
• Financials: 13.6%
• Industrials: 11.1%
• Consumer Staples: 9.0%
• Consumer Discretionary: 5.2%
Investment Profile
CFS Investment Advisory Services, LLC returned an annualized 18.3% over the trailing 36 months — outperforming the S&P 500 by 1.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.74 (less volatile than the market) and a 36% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 30.1% of the portfolio concentrated in Information Technology.
It has added to its SPYM position over the past two quarters (+$49.6M, now $142.4M), while trimming MBB over the same stretch (-$15.6M, still holding $2.1M).
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Developer Access
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