MA
Milestone Advisory Partners Historical SEC 13F Holdings & Archive (Q3 2023)
Milestone Advisory PartnersCIK: 0001819679
Diversified strategyLong-term holderQuality / disciplined sizing
Total reported value
$120.2M
Reporting period: 2023-09-30 · Number of holdings: 70
Milestone Advisory Partners disclosed 70 holdings in its latest 13F filing for the period ending 2023-09-30, with total reported value of $120.2M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 18.27
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 70.55
- Diversification
- 100
- Sizing Uniformity
- 85.07
Milestone Advisory Partners's disclosed holdings carry a Herfindahl concentration index of 0.046 — mathematically equivalent to about 22 equally-sized positions, well below its 70 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 1.49), 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 7% 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
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 14.08% | — | +4.59% | |
| 2 | VFVA | Vanguard U.s. Value Factor | ETF-Other | 5.93% | — | +25.44% | |
| 3 | VDC | Vanguard Consumer Staple ETF | ETF-Other | 5.75% | — | +10.55% | |
| 4 | VUG | Vanguard Growth ETF | ETF-Other | 5.43% | — | +18.21% | |
| 5 | TDIV | Ft Nasdaq Tech Dvd Index Fd | ETF-Tech | 4.93% | — | +8.16% | |
| 6 | SPLV | Invesco S&p 500 Low Volatili | ETF-Large Cap & Growth | 4.57% | — | +0.56% | |
| 7 | RSPU | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 3.69% | — | +95.64% | |
| 8 | XLE | Ss Energy Select Sector | ETF-Other | 3.36% | — | +45.16% | |
| 9 | VFMV | Vanguard US Minimum Volatili | ETF-Other | 3.26% | — | — | |
| 10 | RSPN | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 2.83% | — | +462.36% | |
| 11 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 2.65% | — | +37.38% | |
| 12 | IGV | Ishares Expanded Tech-softwa | ETF-Tech | 2.65% | — | +6.91% | |
| 13 | IYM | Ishares U.s. Basic Materials | ETF-Other | 2.62% | — | +15.68% | |
| 14 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-Other | 2.34% | — | -10.45% | |
| 15 | XLF | Ss Financial Select Sector | ETF-Other | 2.29% | — | +0.15% | |
| 16 | USMV | Ishares Msci USA Min Vol Fac | ETF-Other | 2.20% | — | +3.22% | |
| 17 | ITOT | Ishares Core S&p Total U.s. | ETF-Other | 2.19% | — | +15.38% | |
| 18 | AAPL | Apple Inc | Stock-Tech | 2.19% | — | +0.01% | |
| 19 | IGM | Ishares Expanded Tech Sector | ETF-Tech | 2.15% | — | +11.47% | |
| 20 | PDP | Invesco Dorsey Wright Moment | ETF-Other | 1.97% | — | +4.27% | |
| 21 | JPXN | Ishares Jpx-nikkei 400 ETF | ETF-Other | 1.96% | — | +32.84% | |
| 22 | RSPD | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 1.51% | — | +298.93% | |
| 23 | IHI | Ishares U.s. Medical Devices | ETF-Other | 1.32% | — | +12.01% | |
| 24 | RSPT | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.99% | — | +1052.73% | |
| 25 | IGE | Ishares North American Natur | ETF-Other | 0.92% | — | -12.22% | |
| 26 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.88% | — | — | |
| 27 | SOXX | Ishares Semiconductor ETF | ETF-Other | 0.85% | — | +0.46% | |
| 28 | FDN | First Trust Dj Internet Ind | ETF-Other | 0.73% | — | — | |
| 29 | QYLD | Global X Nasd 100 Cov Call | ETF-Other | 0.72% | — | +0.01% | |
| 30 | XOP | Ss Spdr S&p Og Exp & Prod | ETF-Other | 0.68% | — | +11.27% | |
| 31 | RSPF | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.67% | — | +11.25% | |
| 32 | RSPM | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.67% | — | +479.88% | |
| 33 | QCLN | First Trust Nasdaq Clean Edg | ETF-Tech | 0.64% | — | -8.03% | |
| 34 | QTEC | First Trust Nasdq 100 Tech I | ETF-Tech | 0.56% | — | — | |
| 35 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-Corp Bonds | 0.54% | — | — | |
| 36 | FXL | First Trust Technology Alpha | ETF-Tech | 0.53% | — | — | |
| 37 | FMB | First Trust Managed Municipa | ETF-Other | 0.43% | — | — | |
| 38 | MA | Mastercard Inc - A | Stock-Financials | 0.41% | — | — | |
| 39 | FBNC | First Bancorp/nc | Stock-Other | 0.38% | — | +0.13% | |
| 40 | IEZ | Ishares U.s. Oil Equipment & | ETF-Other | 0.37% | — | +12.58% | |
| 41 | FXU | First Trust Utilities Alphad | ETF-Other | 0.36% | — | — | |
| 42 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.34% | — | — | |
| 43 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.30% | — | — | |
| 44 | GILD | Gilead Sciences Inc | Stock-Healthcare | 0.29% | — | — | |
| 45 | DUK | Duke Energy CORP | Stock-Utilities | 0.29% | — | — | |
| 46 | V | Visa Inc-class A Shares | Stock-Financials | 0.29% | — | — | |
| 47 | IAK | Ishares U.s. Insurance ETF | ETF-Other | 0.28% | — | +23.44% | |
| 48 | FDS | Factset Research Systems Inc | Stock-Financials | 0.27% | — | — | |
| 49 | MSFT | Microsoft CORP | Stock-Tech | 0.27% | — | — | |
| 50 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 0.27% | — | — |
1–50 of 70
Portfolio Performance
Performance for Q3 2026
+3.1%
Performance Last 4 Quarters
+19.4%
- Stdev
- +11%
- Beta
- +0.75
- Alpha
- +1.3%
- Max Drawdown
- -7%
- Annualized Perf
- +16.8%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +2.79
- Stutzer
- +0.43
- Treynor
- +0.22
- Sterling
- +1.12
- Calmar
- +2.42
- Information Ratio
- -0.61
- Tracking Error
- +6.1%
- Stdev Down
- +5.8%
- Winning Months %
- +75%
- Losing Months %
- +25%
- Best 12 Months
- +30%
- Worst 12 Months
- +8%
- Efficiency Ratio
- +0.58
- Sharpe
- +1.48
- Stdev Sectors
- +11.7%
- Skewness
- -0.34
- Kurtosis
- -0.52
- Upside Potential
- +4.34
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2023 Q3 | 70 | $120.2M | 0 | ||
| 2023 Q2 | 66 | $110.5M | 0 | ||
| 2023 Q1 | 67 | $108.4M | 0 | ||
| 2022 Q4 | 70 | $134.4M | 0 | ||
| 2022 Q3 | 68 | $133.3M | 0 | ||
| 2022 Q2 | 71 | $123.4M | 0 | ||
| 2022 Q1 | 82 | $185.4M | 0 | ||
| 2021 Q4 | 88 | $198.1M | 0 | ||
| 2021 Q3 | 82 | $170.2M | 0 | ||
| 2021 Q2 | 85 | $189.7M | 99 | ||
| 2021 Q1 | 84 | $186.9M | 16 | ||
| 2020 Q4 | 55 | $175.4M | 54 | ||
| 2020 Q3 | 48 | $160.7M | 25 | ||
| 2020 Q2 | 56 | $170.1M | 100 | ||
| 2020 Q1 | 39 | $144.1M | 72 | ||
| 2019 Q4 | 57 | $190.4M | 16 | ||
| 2019 Q3 | 54 | $177.6M | 44 | ||
| 2019 Q2 | 55 | $164.4M | 7 | ||
| 2019 Q1 | 50 | $155.0M | 30 | ||
| 2018 Q4 | 42 | $115.6M | 100 | ||
| 2018 Q3 | 46 | $141.0M | 18 | ||
| 2018 Q2 | 46 | $134.5M | 36 | ||
| 2018 Q1 | 51 | $133.7M | 18 | ||
| 2017 Q4 | 48 | $133.5M | 0 |
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is Milestone Advisory Partners and what type of investor is it?
Milestone Advisory Partners 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 $120.2M, spread across 70 disclosed positions.
What are Milestone Advisory Partners's largest equity positions?
Based on the latest 13F filing, Milestone Advisory Partners's top holdings by market value are:
1. Schwab US Dvd Equity ETF (SCHD) — $16.9M (14.1%)
2. Vanguard U.s. Value Factor (VFVA) — $7.1M (5.9%)
3. Vanguard Consumer Staple ETF (VDC) — $6.9M (5.8%)
4. Vanguard Growth ETF (VUG) — $6.5M (5.4%)
5. Ft Nasdaq Tech Dvd Index Fd (TDIV) — $5.9M (4.9%)
What changes did Milestone Advisory Partners make in its most recent portfolio filing?
No notable portfolio changes were recorded for Milestone Advisory Partners in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Milestone Advisory Partners focus on?
Milestone Advisory Partners is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 39.8%
• Financials: 22.1%
• Health Care: 12.2%
• Utilities: 7.2%
• Communication Services: 6.2%
• Industrials: 4.0%
Investment Profile
Milestone Advisory Partners returned an annualized 16.8% over the trailing 36 months — outperforming the S&P 500 by 1.3 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 44% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 39.8% of the portfolio concentrated in Information Technology.
It has added to its VUG position over the past two quarters (+$2.4M, now $6.5M), while trimming IGE over the same stretch (-$2.8M, still holding $1.1M).
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