FA
Financial Advantage, Inc. Historical SEC 13F Holdings & Archive (Q3 2023)
Financial Advantage, Inc.CIK: 0001518320
Quality / disciplined sizingLong-term holderDiversified strategy
Total reported value
$65.2M
Reporting period: 2023-09-30 · Number of holdings: 33
Financial Advantage, Inc. disclosed 33 holdings in its latest 13F filing for the period ending 2023-09-30, with total reported value of $65.2M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 19.39
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 39.76
- Diversification
- 66
- Sizing Uniformity
- 92.14
Financial Advantage, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.048 — mathematically equivalent to about 21 equally-sized positions, close to its 33 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.79), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
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
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | GLD | Spdr Gold Shares | ETF-Commodities | 9.90% | — | -39.97% | |
| 2 | IGV | Ishares Expanded Tech-softwa | ETF-Tech | 9.68% | — | -39.45% | |
| 3 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 7.43% | — | -39.86% | |
| 4 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 5.10% | — | -39.58% | |
| 5 | BKNG | Booking Holdings Inc | Stock-Consumer Disc | 5.06% | — | -39.28% | |
| 6 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 4.55% | — | -39.39% | |
| 7 | CSCO | Cisco Systems Inc | Stock-Tech | 4.23% | — | -39.52% | |
| 8 | DIS | Walt Disney Co/the | Stock-Comm Services | 4.23% | — | -39.66% | |
| 9 | FNB | Fnb CORP | Stock-Financials | 3.99% | — | -39.26% | |
| 10 | ACGL | Arch Capital Group Ltd. | Stock-Financials | 3.52% | — | -39.56% | |
| 11 | KMI | Kinder Morgan, Inc. | Stock-Energy | 3.45% | — | -39.68% | |
| 12 | GPN | Global Payments Inc | Stock-Industrials | 2.86% | — | -39.30% | |
| 13 | SO | Southern Co/the | Stock-Utilities | 2.80% | — | -41.36% | |
| 14 | UNP | Union Pacific CORP | Stock-Industrials | 2.75% | — | -38.90% | |
| 15 | RTX | Rtx CORP | Stock-Industrials | 2.69% | — | -39.44% | |
| 16 | SJM | Jm Smucker Co/the | Stock-Consumer Staples | 2.66% | — | -39.85% | |
| 17 | MDT | Medtronic plc | Stock-Healthcare | 2.63% | — | -39.01% | |
| 18 | XBI | Ss Spdr S&p Biotech ETF | ETF-Tech | 2.55% | — | -38.82% | |
| 19 | USB | US Bancorp | Stock-Financials | 2.42% | — | -39.21% | |
| 20 | FOXA | Fox CORP - Class A | Stock-Comm Services | 2.40% | — | -40.64% | |
| 21 | DGX | Quest Diagnostics Inc | Stock-Healthcare | 2.39% | — | -40.45% | |
| 22 | ARCC | Ares Capital CORP | Stock-Financials | 2.39% | — | -39.79% | |
| 23 | SYY | Sysco CORP | Stock-Consumer Staples | 2.35% | — | -39.25% | |
| 24 | REG | Regency Centers CORP | Stock-Real Estate | 1.89% | — | -40.69% | |
| 25 | T | At&t Inc | Stock-Comm Services | 1.53% | — | -37.88% | |
| 26 | MMM | 3m Co | Stock-Industrials | 1.48% | — | -38.78% | |
| 27 | HTRB | Hartford Ttl Rtrn Bnd ETF | ETF-Other | 0.77% | — | — | |
| 28 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 0.47% | — | — | |
| 29 | XOM | Exxon Mobil CORP | Stock-Energy | 0.39% | — | -55.71% | |
| 30 | VV | Vanguard Large-cap ETF | ETF-Other | 0.37% | — | -12.94% | |
| 31 | NEE | Nextera Energy Inc | Stock-Utilities | 0.36% | — | — | |
| 32 | VCIT | Vanguard Int-term Corporate | ETF-Corp Bonds | 0.36% | — | — | |
| 33 | MBB | Ishares Mbs ETF | ETF-Other | 0.35% | — | — |
Portfolio Performance
Performance for Q3 2026
+3.6%
Performance Last 4 Quarters
+24.3%
- Stdev
- +10.6%
- Beta
- +0.6
- Alpha
- +7.7%
- Max Drawdown
- -5.8%
- Annualized Perf
- +20.9%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +3.6
- Stutzer
- +0.52
- Treynor
- +0.33
- Sterling
- +1.48
- Calmar
- +3.62
- Information Ratio
- -0.03
- Tracking Error
- +8.8%
- Stdev Down
- +5.5%
- Winning Months %
- +75%
- Losing Months %
- +25%
- Best 12 Months
- +33.8%
- Worst 12 Months
- +16.7%
- Efficiency Ratio
- +0.73
- Sharpe
- +1.86
- Stdev Sectors
- +5.7%
- Skewness
- -0.68
- Kurtosis
- -0.19
- Upside Potential
- +5
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2023 Q3 | 33 | $65.2M | 0 | ||
| 2023 Q2 | 36 | $111.8M | 0 | ||
| 2023 Q1 | 37 | $110.2M | 0 | ||
| 2022 Q4 | 36 | $107.8M | 0 | ||
| 2022 Q3 | 125 | $101.3M | 0 | ||
| 2022 Q2 | 124 | $108.8M | 0 | ||
| 2022 Q1 | 142 | $123.6M | 0 | ||
| 2021 Q4 | 134 | $121.1M | 0 | ||
| 2021 Q3 | 121 | $115.2M | 0 | ||
| 2021 Q2 | 118 | $117.0M | 99 | ||
| 2021 Q1 | 132 | $115.8M | 19 | ||
| 2020 Q4 | 119 | $108.0M | 15 | ||
| 2020 Q3 | 110 | $105.3M | 29 | ||
| 2020 Q2 | 163 | $132.2M | 15 | ||
| 2020 Q1 | 108 | $114.5M | 37 | ||
| 2019 Q4 | 103 | $145.9M | 22 | ||
| 2019 Q3 | 152 | $146.7M | 11 | ||
| 2019 Q2 | 106 | $146.0M | 8 | ||
| 2019 Q1 | 109 | $140.2M | 33 | ||
| 2018 Q4 | 101 | $122.4M | 15 | ||
| 2018 Q3 | 30 | $132.6M | 14 | ||
| 2018 Q2 | 33 | $131.7M | 21 | ||
| 2018 Q1 | 30 | $124.9M | 12 | ||
| 2017 Q4 | 29 | $126.2M | 12 | ||
| 2017 Q3 | 105 | $123.1M | 11 | ||
| 2017 Q2 | 30 | $117.8M | 14 | ||
| 2017 Q1 | 27 | $118.5M | 20 | ||
| 2016 Q4 | 30 | $110.1M | 19 | ||
| 2016 Q3 | 28 | $108.4M | 15 | ||
| 2016 Q2 | 31 | $112.2M | 7 | ||
| 2016 Q1 | 30 | $110.2M | 43 | ||
| 2015 Q4 | 29 | $95.0M | 22 | ||
| 2015 Q3 | 116 | $107.4M | 17 | ||
| 2015 Q2 | 114 | $104.4M | 35 | ||
| 2015 Q1 | 140 | $113.3M | 11 | ||
| 2014 Q4 | 113 | $107.9M | 27 | ||
| 2014 Q3 | 131 | $105.6M | 12 | ||
| 2014 Q2 | 126 | $102.2M | 16 | ||
| 2014 Q1 | 133 | $102.6M | 32 | ||
| 2013 Q4 | 234 | $118.2M | 33 | ||
| 2013 Q3 | 225 | $115.9M | 12 | ||
| 2013 Q2 | 231 | $115.1M | 0 |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is Financial Advantage, Inc. and what type of investor is it?
Financial Advantage, Inc. 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 (2023-09-30), the firm manages a tracked equity portfolio valued at approximately $65.2M, spread across 33 disclosed positions.
What are Financial Advantage, Inc.'s largest equity positions?
Based on the latest 13F filing, Financial Advantage, Inc.'s top holdings by market value are:
1. Spdr Gold Shares (GLD) — $6.5M (9.9%)
2. Ishares Expanded Tech-softwa (IGV) — $6.3M (9.7%)
3. Alphabet Inc-cl C (GOOG) — $4.8M (7.4%)
4. Tjx Companies Inc (TJX) — $3.3M (5.1%)
5. Booking Holdings Inc (BKNG) — $3.3M (5.1%)
What changes did Financial Advantage, Inc. make in its most recent portfolio filing?
No notable portfolio changes were recorded for Financial Advantage, Inc. in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Financial Advantage, Inc. focus on?
Financial Advantage, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Communication Services: 20.6%
• Financials: 16.3%
• Consumer Discretionary: 13.4%
• Industrials: 12.9%
• Health Care: 12.7%
• Consumer Staples: 6.6%
Investment Profile
Financial Advantage, Inc. returned an annualized 20.9% over the trailing 36 months — outperforming the S&P 500 by 7.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.60 (less volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
It has trimmed its GLD position for two straight quarters, cutting it by $5.0M while still holding $6.5M.
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Developer Access
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