SMI Advisory Services, LLC Investment Portfolio — 13F Data

CIK: 0001609008

Momentum followerSector-focusedConcentrated strategy

Total reported value

$617.0M

Reporting period: 2026-06-30 · Number of holdings: 86

SMI Advisory Services, LLC disclosed 86 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $617.0M and a quarterly turnover rate of 44.8%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "S"

Personality snowflake

Concentration: 67.31
Portfolio Stability: 44.77
Momentum/Contrarian: 100
Sector conviction: 98.01
Diversification: 100
Sizing Uniformity: 69.04

SMI Advisory Services, LLC's disclosed holdings carry a Herfindahl concentration index of 0.168 — mathematically equivalent to about 6 equally-sized positions, well below its 86 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 3.10), 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 1% 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.

Recent moves

Trim GLD
-97.5%　-$48.5M
Add EMXC
+2252.3%　$26.5M
New buy USRT
Trim SDCI
-98.4%　-$23.2M
Sold out GVAL
New buy XSD

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 62 holdings (of 86 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	RAA	Smi 3fourteen Rl Asst Alloc	ETF-Other	36.64%	+1.47%	-0.16%
2	FCTE	Smi 3fourteen Full-cycl Trnd	ETF-Other	11.03%	+1.47%	+0.97%
3	IWD	Ishares Russell 1000 Value E	ETF-Other	10.25%	+0.62%	-5.25%
4	EMXC	Ishares Msci Emr Mrk Ex Chna	ETF-Other	4.45%	+4.30%	+2252.31%
5	USRT	Ishares Core US Reit ETF	ETF-Other	4.10%	+4.10%	NEW
6	QTPI	Nrth Squr Rcim Tax-ad Is ETF	ETF-Other	3.67%	+0.07%	+3.06%
7	WCPB	Weitz Core Plus Bond ETF	ETF-Other	3.47%	+0.07%	+3.83%
8	XSD	Ss Spdr S&p Semiconductor	ETF-Other	3.34%	+3.34%	NEW
9	FDT	First Trust Develp Mkt Ex-us	ETF-Other	3.20%	+0.24%	+2.41%
10	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	2.99%	+0.36%	+1.28%
11	SCHF	Schwab Intl Equity ETF	ETF-Other	2.27%	+2.15%	+1686.66%
12	XLK	Ss Technology Select Sector	ETF-Tech	2.05%	+1.39%	+135.19%
13	NDEC	In Gro-100 Pwr Buf ETF - Dec	ETF-Other	2.03%	+0.16%	+0.51%
14	VXF	Vanguard Extended Market ETF	ETF-Other	1.68%	+0.21%	-0.56%
15	SCHO	Schwab Short-term US Treas	ETF-Other	1.25%	-0.01%	+1.31%
16	DFAS	Dimensional US Small Cap ETF	ETF-Small Cap	1.11%	+0.18%	+7.23%
17	DFAI	Dimensional International Co	ETF-Other	0.67%	+0.06%	+5.89%
18	XLI	Ss Industrial Select Sector	ETF-Other	0.46%	+0.27%	+121.63%
19	XLV	Ss Health Care Select Sector	ETF-Other	0.43%	+0.24%	+112.61%
20	XLC	Ss Comm Select Sector Spdr	ETF-Other	0.37%	+0.16%	+77.90%
21	QQQM	Invesco Nasdaq 100 ETF	ETF-Tech	0.37%	+0.20%	+75.26%
22	PHYS	Sprott Physical Gold Trust	Stock-Other	0.37%	-1.45%	-77.00%
23	HUBB	Hubbell INC	Stock-Industrials	0.33%	—	—
24	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	0.28%	+0.03%	+0.04%
25	DLN	Wisdomtree US Largecap Divid	ETF-Other	0.21%	+0.16%	+307.66%
26	LLY	Eli Lilly & Co	Stock-Healthcare	0.21%	+0.04%	+0.18%
27	GLD	Spdr Gold Shares	ETF-Commodities	0.18%	-7.99%	-97.47%
28	IBDR	Ishares Ibonds Dec 2026 Term	ETF-Other	0.16%	+0.03%	+20.74%
29	NVDA	Nvidia CORP	Stock-Tech	0.14%	+0.01%	—
30	IWF	Ishares Russell 1000 Growth	ETF-Other	0.13%	+0.01%	+295.10%
31	XLE	Ss Energy Select Sector	ETF-Other	0.12%	-0.54%	-78.45%
32	SCHK	Schwab 1000 Index ETF	ETF-Large Cap & Growth	0.11%	—	-2.32%
33	BSCQ	Invesco Bulletshares 2026 Cb	ETF-Other	0.11%	—	+5.57%
34	VOO	Vanguard S&p 500 ETF	ETF-Large Cap & Growth	0.11%	+0.01%	-1.51%
35	VV	Vanguard Large-cap ETF	ETF-Other	0.11%	—	-2.19%
36	CWI	State Street Spdr Msci Acwi	ETF-Other	0.10%	—	-0.13%
37	HWM	Howmet Aerospace INC	Stock-Industrials	0.09%	+0.01%	—
38	TJAN	Inv E D Prt ETF - 2y T Jan27	ETF-Other	0.09%	—	—
39	GLDM	Spdr Gold Minishares Trust	ETF-Commodities	0.08%	+0.08%	NEW
40	BND	Vanguard Total Bond Market	ETF-Other	0.08%	—	-4.71%
41	BSCR	Invesco Bulletshares 2027 Cb	ETF-Other	0.08%	—	+7.43%
42	IWB	Ishares Russell 1000 ETF	ETF-Other	0.08%	—	-1.88%
43	VOOG	Vanguard S&p 500 Growth ETF	ETF-Large Cap & Growth	0.07%	+0.07%	NEW
44	IWR	Ishares Russell Mid-cap ETF	ETF-Other	0.07%	—	—
45	XLF	Ss Financial Select Sector	ETF-Other	0.06%	-0.19%	-76.93%
46	BSCS	Invesco Bulletshares 2028 Cb	ETF-Other	0.06%	—	+10.39%
47	SDCI	Uscf Summerhaven Dynamic ETF	ETF-Other	0.06%	-3.83%	-98.38%
48	XLY	Ss Consumer Disc Select Sect	ETF-Other	0.06%	-0.16%	-74.17%
49	SPYM	Ste Str Spdr Pt S&p 500 ETF	ETF-Large Cap & Growth	0.06%	+0.01%	+8.88%
50	XLU	St Sr Utl Sl Se Spdr Etf-usd	ETF-Other	0.06%	-0.39%	-86.90%

1–50 of 62

Portfolio Performance

Performance for Q3 2026

-0.1%

Performance Last 4 Quarters

-1.6%

Based on 53% of reported portfolio value with available pricing

Stdev: +10.2%
Beta: +0.61
Alpha: -2.6%
Max Drawdown: -7.9%
Annualized Perf: +7.8%
Batting Avg vs S&P: +37%
Sortino: +1.21
Stutzer: +0.23
Treynor: +0.13
Sterling: +0.5
Calmar: +0.98
Information Ratio: -1.24
Tracking Error: +7.5%
Stdev Down: +6.6%
Winning Months %: +63%
Losing Months %: +37%
Best 12 Months: +20.8%
Worst 12 Months: +0.6%
Efficiency Ratio: +0.27
Sharpe: +0.78
Stdev Sectors: +15.9%
Skewness: -0.64
Kurtosis: +0.25
Upside Potential: +2.84

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-06-30	86	$617.0M	45	1RAA 2FCTE 3IWD Top holdings2026-06-30 1.RAA 2.FCTE 3.IWD 4.EMXC 5.USRT 6.QTPI 7.WCPB 8.XSD 9.FDT 10.IVV
2026-03-31	89	$606.9M	14	1RAA 2IWD 3FCTE Top holdings2026-03-31 1.RAA 2.IWD 3.FCTE 4.GLD 5.SDCI 6.QTPI 7.GVAL 8.WCPB 9.XME 10.FDT
2025-12-31	83	$580.3M	44	1RAA 2FCTE 3IWD Top holdings2025-12-31 1.RAA 2.FCTE 3.IWD 4.GLD 5.QTPI 6.GVAL 7.IVV 8.SDCI 9.WCPB 10.FDT
2025-09-30	75	$528.6M	35	1RAA 2FCTE 3GLD Top holdings2025-09-30 1.RAA 2.FCTE 3.GLD 4.BSCP 5.BIV 6.IVV 7.SDCI 8.IWF 9.GVAL 10.VXF
2025-06-30	69	$517.5M	0	1RAA 2FCTE 3GLD Top holdings2025-06-30 1.RAA 2.FCTE 3.GLD 4.BSCP 5.BIV 6.IVV 7.FDD 8.GVAL 9.SDCI 10.VXF
2025-03-31	55	$442.2M	100	1RAA 2FCTE 3BSCP Top holdings2025-03-31 1.RAA 2.FCTE 3.BSCP 4.GLD 5.BIV 6.SDCI 7.IWD 8.IVV 9.GVAL 10.VXF
2024-12-31	67	$433.4M	0	1QQQM 2FCTE 3BSCP Top holdings2024-12-31 1.QQQM 2.FCTE 3.BSCP 4.SPY 5.BIV 6.IVV 7.HYG 8.IWF 9.GLD 10.IWO
2024-09-30	89	$451.7M	0	1FCTE 2BSCP 3QQQM Top holdings2024-09-30 1.FCTE 2.BSCP 3.QQQM 4.SPY 5.BIV 6.KRE 7.GLD 8.IVV 9.VCIT 10.IWF
2024-06-30	94	$404.4M	0	1BSCP 2QQQM 3SPY Top holdings2024-06-30 1.BSCP 2.QQQM 3.SPY 4.BIV 5.BSV 6.PDBC 7.IWF 8.VCIT 9.GLD 10.TLT
2024-03-31	77	$356.3M	0	1SPY 2BIV 3BSV Top holdings2024-03-31 1.SPY 2.BIV 3.BSV 4.QQQM 5.PDBC 6.IWF 7.NJAN 8.HYG 9.IVV 10.VCIT
2023-12-31	78	$395.3M	0	1SPY 2IAPR 3LQD Top holdings2023-12-31 1.SPY 2.IAPR 3.LQD 4.IWF 5.BIV 6.SHY 7.URNM 8.KJAN 9.VNQ 10.PHYS
2023-09-30	43	$273.9M	0	1SPY 2PHYS 3VTIP Top holdings2023-09-30 1.SPY 2.PHYS 3.VTIP 4.IWF 5.BSV 6.PDBC 7.QQQ 8.IVV 9.URNM 10.IVOL
2023-03-31	42	$298.7M	0	1BIL 2PHYS 3SHY Top holdings2023-03-31 1.BIL 2.PHYS 3.SHY 4.EFA 5.BSV 6.XLE 7.IVE 8.RDIV 9.IVV 10.VXF
2022-12-31	41	$308.6M	0	1BIL 2SHY 3PHYS Top holdings2022-12-31 1.BIL 2.SHY 3.PHYS 4.VCSH 5.BSV 6.VTIP 7.XLE 8.IVE 9.IVV 10.SCHO
2022-09-30	36	$307.5M	0	1BIL 2SHY 3PHYS Top holdings2022-09-30 1.BIL 2.SHY 3.PHYS 4.VCSH 5.BSV 6.VTIP 7.XLE 8.IVE 9.IVV 10.SCHO
2022-06-30	39	$280.2M	0	1BIL 2SHY 3PHYS Top holdings2022-06-30 1.BIL 2.SHY 3.PHYS 4.VTIP 5.BSV 6.IVE 7.PDBC 8.XLE 9.IVV 10.SCHO
2022-03-31	35	$285.9M	0	1VNQ 2PHYS 3VTIP Top holdings2022-03-31 1.VNQ 2.PHYS 3.VTIP 4.IVE 5.SPY 6.VOOV 7.BSV 8.XLE 9.PDBC 10.BIL
2021-12-31	34	$262.9M	0	1VNQ 2EFA 3VTIP Top holdings2021-12-31 1.VNQ 2.EFA 3.VTIP 4.IWF 5.SPY 6.VOOG 7.BSV 8.PDBC 9.IVV 10.SPHB
2021-09-30	27	$223.3M	0	1EFA 2VNQ 3VTIP Top holdings2021-09-30 1.EFA 2.VNQ 3.VTIP 4.IWF 5.SPY 6.VIOV 7.BIV 8.IWN 9.SPHB 10.IVV
2021-06-30	25	$233.3M	100	1VNQ 2EFA 3VTIP Top holdings2021-06-30 1.VNQ 2.EFA 3.VTIP 4.IWD 5.SPY 6.VIOV 7.BSV 8.KRE 9.IWN 10.IJS
2021-03-31	26	$220.4M	—	1EFA 2VNQ 3ARKK Top holdings2021-03-31 1.EFA 2.VNQ 3.ARKK 4.IWD 5.SPY 6.VIOV 7.BSV 8.IVOL 9.DBC 10.IWN

Holding changes this quarter

SMI Advisory Services, LLC's most significant position changes for 2026-06-30: New buy: Ishares Core US Reit ETF (USRT); Sold out: Cambria Global Value ETF (GVAL); New buy: Ss Spdr S&p Semiconductor (XSD); Sold out: Ss Spdr S&p Metals Mining (XME); Sold out: Ss Real Estate Select Sector (XLRE).

Position changes disclosed by SMI Advisory Services, LLC for the quarter ending 2026-06-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	EMXC	Ishares Msci Emr Mrk Ex Chna	+4.3%	+2252.31%	Add
2	USRT	Ishares Core US Reit ETF	+4.1%	NEW	New buy
3	XSD	Ss Spdr S&p Semiconductor	+3.3%	NEW	New buy
4	SCHF	Schwab Intl Equity ETF	+2.2%	+1686.66%	Add
5	RAA	Smi 3fourteen Rl Asst Alloc	+1.5%	-0.16%	Trim
6	FCTE	Smi 3fourteen Full-cycl Trnd	+1.5%	+0.97%	Add
7	XLK	Ss Technology Select Sector	+1.4%	+135.19%	Add
8	IWD	Ishares Russell 1000 Value E	+0.6%	-5.25%	Trim
9	IVV	Ishares Core S&p 500 ETF	+0.4%	+1.28%	Add
10	XLI	Ss Industrial Select Sector	+0.3%	+121.63%	Add
11	FDT	First Trust Develp Mkt Ex-us	+0.2%	+2.41%	Add
12	XLV	Ss Health Care Select Sector	+0.2%	+112.61%	Add
13	VXF	Vanguard Extended Market ETF	+0.2%	-0.56%	Trim
14	QQQM	Invesco Nasdaq 100 ETF	+0.2%	+75.26%	Add
15	DFAS	Dimensional US Small Cap ETF	+0.2%	+7.23%	Add
16	NDEC	In Gro-100 Pwr Buf ETF - Dec	+0.2%	+0.51%	Add
17	DLN	Wisdomtree US Largecap Divid	+0.2%	+307.66%	Add
18	XLC	Ss Comm Select Sector Spdr	+0.2%	+77.90%	Add
19	GLDM	Spdr Gold Minishares Trust	+0.1%	NEW	New buy
20	WCPB	Weitz Core Plus Bond ETF	+0.1%	+3.83%	Add
21	QTPI	Nrth Squr Rcim Tax-ad Is ETF	+0.1%	+3.06%	Add
22	VOOG	Vanguard S&p 500 Growth ETF	+0.1%	NEW	New buy
23	DFAI	Dimensional International Co	+0.1%	+5.89%	Add
24	LLY	Eli Lilly & Co	0%	+0.18%	Add
25	XC	Wisdomtree True Emerging Mar	0%	NEW	New buy
26	IVW	Ishares S&p 500 Growth ETF	0%	NEW	New buy
27	AAPL	Apple INC	0%	NEW	New buy
28	SCHH	Schwab US Reit ETF	0%	NEW	New buy
29	SPY	Ss Spdr S&p 500 ETF Trust-us	0%	+0.04%	Add
30	IBDR	Ishares Ibonds Dec 2026 Term	0%	+20.74%	Add
31	IWF	Ishares Russell 1000 Growth	0%	+295.10%	Add
32	HWM	Howmet Aerospace INC	0%	—	Unchanged
33	NVDA	Nvidia CORP	0%	—	Unchanged
34	VOO	Vanguard S&p 500 ETF	0%	-1.51%	Trim
35	SPYM	Ste Str Spdr Pt S&p 500 ETF	0%	+8.88%	Add
36	SCHO	Schwab Short-term US Treas	0%	+1.31%	Add
37	XOM	Exxon Mobil CORP	0%	-19.00%	Trim
38	XLB	Ss Materials Select Sector	0%	EXIT	Sold out
39	SFLR	Innovator Eqty Mgd Floor ETF	-0.1%	EXIT	Sold out
40	XLP	Ss Consumer Staples Sel Sect	-0.1%	EXIT	Sold out
41	XLY	Ss Consumer Disc Select Sect	-0.2%	-74.17%	Trim
42	XLF	Ss Financial Select Sector	-0.2%	-76.93%	Trim
43	XLRE	Ss Real Estate Select Sector	-0.2%	EXIT	Sold out
44	XLU	St Sr Utl Sl Se Spdr Etf-usd	-0.4%	-86.90%	Trim
45	XLE	Ss Energy Select Sector	-0.5%	-78.45%	Trim
46	PHYS	Sprott Physical Gold Trust	-1.5%	-77.00%	Trim
47	XME	Ss Spdr S&p Metals Mining	-3.3%	EXIT	Sold out
48	GVAL	Cambria Global Value ETF	-3.5%	EXIT	Sold out
49	SDCI	Uscf Summerhaven Dynamic ETF	-3.8%	-98.38%	Trim
50	GLD	Spdr Gold Shares	-8%	-97.47%	Trim

Filing History

Period	Filed	Type	EDGAR
2026-06-30	2026-07-09	13F-HR	View on EDGAR
2026-03-31	2026-04-07	13F-HR	View on EDGAR
2025-12-31	2026-01-13	13F-HR	View on EDGAR
2025-09-30	2025-10-06	13F-HR	View on EDGAR
2025-06-30	2025-07-18	13F-HR	View on EDGAR
2025-03-31	2025-04-10	13F-HR	View on EDGAR
2024-12-31	2025-01-17	13F-HR	View on EDGAR
2024-09-30	2024-10-07	13F-HR	View on EDGAR
2024-06-30	2024-07-15	13F-HR	View on EDGAR
2024-03-31	2024-04-15	13F-HR	View on EDGAR
2023-12-31	2024-01-12	13F-HR	View on EDGAR
2023-09-30	2023-11-14	13F-HR	View on EDGAR
2023-03-31	2023-04-11	13F-HR	View on EDGAR
2022-12-31	2023-01-03	13F-HR	View on EDGAR
2022-09-30	2022-10-14	13F-HR	View on EDGAR
2022-06-30	2022-08-25	13F-HR	View on EDGAR
2022-03-31	2022-04-28	13F-HR	View on EDGAR
2021-12-31	2022-01-19	13F-HR	View on EDGAR
2021-09-30	2021-10-12	13F-HR	View on EDGAR
2021-06-30	2021-07-23	13F-HR	View on EDGAR
2021-03-31	2021-05-12	13F-HR	View on EDGAR

FAQ

What is SMI Advisory Services, LLC and what type of investor is it?

SMI Advisory Services, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $617.0M, spread across 86 disclosed positions.

What are SMI Advisory Services, LLC's largest equity positions?

Based on the latest 13F filing, SMI Advisory Services, LLC's top holdings by market value are: 1. Smi 3fourteen Rl Asst Alloc (RAA) — $226.1M (36.6%) 2. Smi 3fourteen Full-cycl Trnd (FCTE) — $68.1M (11.0%) 3. Ishares Russell 1000 Value E (IWD) — $63.2M (10.3%) 4. Ishares Msci Emr Mrk Ex Chna (EMXC) — $27.5M (4.5%) 5. Ishares Core US Reit ETF (USRT) — $25.3M (4.1%)

What changes did SMI Advisory Services, LLC make in its most recent portfolio filing?

In the latest reported quarter, SMI Advisory Services, LLC made 48 notable position adjustments: 8 new positions were initiated, 22 existing holdings were added to, 12 positions were partially reduced, and 6 were completely exited. The largest of these moves: New buy: Ishares Core US Reit ETF (USRT); Sold out: Cambria Global Value ETF (GVAL); New buy: Ss Spdr S&p Semiconductor (XSD); Sold out: Ss Spdr S&p Metals Mining (XME); Sold out: Ss Real Estate Select Sector (XLRE)

What sectors does SMI Advisory Services, LLC focus on?

SMI Advisory Services, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Industrials: 47.5% • Health Care: 24.1% • Information Technology: 19.7% • Energy: 5.2% • Financials: 3.5%

Peer Institutions

Institutions with a similar AUM

PBMares Wealth Management LLC

CIK 0001801682

Total reported value

$616.9M

196 stks

2025-09-30

Stale — no recent filing

Concentration16.7

Portfolio Stability23.3

Sector conviction51.2

AUM within 0.0% of this institution

View detail

Value Holdings Management Co. LLC

CIK 0001695658

Total reported value

$616.8M

24 stks

2026-03-31

Concentration26.1

Portfolio Stability21.5

Sector conviction93.9

AUM within 0.0% of this institution

View detail

Alpha Omega Wealth Management LLC

CIK 0001665633

Total reported value

$616.8M

206 stks

2026-03-31

Concentration6.3

Portfolio Stability13.8

Sector conviction37.0

AUM within 0.0% of this institution

View detail

Similar Holdings Style

Institutions with overlapping top holdings

Holt-smith Advisors INC

CIK 0001079929

Total reported value

$70.9M

56 stks

2013-06-30

Stale — no recent filing

Concentration23.7

Portfolio Stability0.0

Sector conviction53.4

2 of the top 5 holdings overlap, including Ishares Russell 1000 Value E

View detail

Legacy Edge Advisors, LLC

CIK 0002105396

Total reported value

$951.4M

223 stks

2026-03-31

Concentration14.9

Portfolio Stability15.3

Sector conviction73.6

2 of the top 5 holdings overlap, including Ishares Russell 1000 Value E

View detail

Synovus Financial CORP

CIK 0000018349

Total reported value

$8.7B

1,549 stks

2025-09-30

Stale — no recent filing

Concentration10.2

Portfolio Stability22.0

Sector conviction57.0

1 of the top 5 holdings overlap, including Ishares Russell 1000 Value E

View detail

SMI Advisory Services, LLC Investment Portfolio — 13F Data

CIK: 0001609008

Momentum followerSector-focusedConcentrated strategy

Total reported value

$617.0M

Reporting period: 2026-06-30 · Number of holdings: 86

SMI Advisory Services, LLC disclosed 86 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $617.0M and a quarterly turnover rate of 44.8%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "S"

Personality snowflake

Concentration: 67.31
Portfolio Stability: 44.77
Momentum/Contrarian: 100
Sector conviction: 98.01
Diversification: 100
Sizing Uniformity: 69.04

Position sizes vary widely across the portfolio (a coefficient of variation of 3.10), 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.

Recent moves

Trim GLD
-97.5%　-$48.5M
Add EMXC
+2252.3%　$26.5M
New buy USRT
Trim SDCI
-98.4%　-$23.2M
Sold out GVAL
New buy XSD

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 62 holdings (of 86 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	RAA	Smi 3fourteen Rl Asst Alloc	ETF-Other	36.64%	+1.47%	-0.16%
2	FCTE	Smi 3fourteen Full-cycl Trnd	ETF-Other	11.03%	+1.47%	+0.97%
3	IWD	Ishares Russell 1000 Value E	ETF-Other	10.25%	+0.62%	-5.25%
4	EMXC	Ishares Msci Emr Mrk Ex Chna	ETF-Other	4.45%	+4.30%	+2252.31%
5	USRT	Ishares Core US Reit ETF	ETF-Other	4.10%	+4.10%	NEW
6	QTPI	Nrth Squr Rcim Tax-ad Is ETF	ETF-Other	3.67%	+0.07%	+3.06%
7	WCPB	Weitz Core Plus Bond ETF	ETF-Other	3.47%	+0.07%	+3.83%
8	XSD	Ss Spdr S&p Semiconductor	ETF-Other	3.34%	+3.34%	NEW
9	FDT	First Trust Develp Mkt Ex-us	ETF-Other	3.20%	+0.24%	+2.41%
10	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	2.99%	+0.36%	+1.28%
11	SCHF	Schwab Intl Equity ETF	ETF-Other	2.27%	+2.15%	+1686.66%
12	XLK	Ss Technology Select Sector	ETF-Tech	2.05%	+1.39%	+135.19%
13	NDEC	In Gro-100 Pwr Buf ETF - Dec	ETF-Other	2.03%	+0.16%	+0.51%
14	VXF	Vanguard Extended Market ETF	ETF-Other	1.68%	+0.21%	-0.56%
15	SCHO	Schwab Short-term US Treas	ETF-Other	1.25%	-0.01%	+1.31%
16	DFAS	Dimensional US Small Cap ETF	ETF-Small Cap	1.11%	+0.18%	+7.23%
17	DFAI	Dimensional International Co	ETF-Other	0.67%	+0.06%	+5.89%
18	XLI	Ss Industrial Select Sector	ETF-Other	0.46%	+0.27%	+121.63%
19	XLV	Ss Health Care Select Sector	ETF-Other	0.43%	+0.24%	+112.61%
20	XLC	Ss Comm Select Sector Spdr	ETF-Other	0.37%	+0.16%	+77.90%
21	QQQM	Invesco Nasdaq 100 ETF	ETF-Tech	0.37%	+0.20%	+75.26%
22	PHYS	Sprott Physical Gold Trust	Stock-Other	0.37%	-1.45%	-77.00%
23	HUBB	Hubbell INC	Stock-Industrials	0.33%	—	—
24	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	0.28%	+0.03%	+0.04%
25	DLN	Wisdomtree US Largecap Divid	ETF-Other	0.21%	+0.16%	+307.66%
26	LLY	Eli Lilly & Co	Stock-Healthcare	0.21%	+0.04%	+0.18%
27	GLD	Spdr Gold Shares	ETF-Commodities	0.18%	-7.99%	-97.47%
28	IBDR	Ishares Ibonds Dec 2026 Term	ETF-Other	0.16%	+0.03%	+20.74%
29	NVDA	Nvidia CORP	Stock-Tech	0.14%	+0.01%	—
30	IWF	Ishares Russell 1000 Growth	ETF-Other	0.13%	+0.01%	+295.10%
31	XLE	Ss Energy Select Sector	ETF-Other	0.12%	-0.54%	-78.45%
32	SCHK	Schwab 1000 Index ETF	ETF-Large Cap & Growth	0.11%	—	-2.32%
33	BSCQ	Invesco Bulletshares 2026 Cb	ETF-Other	0.11%	—	+5.57%
34	VOO	Vanguard S&p 500 ETF	ETF-Large Cap & Growth	0.11%	+0.01%	-1.51%
35	VV	Vanguard Large-cap ETF	ETF-Other	0.11%	—	-2.19%
36	CWI	State Street Spdr Msci Acwi	ETF-Other	0.10%	—	-0.13%
37	HWM	Howmet Aerospace INC	Stock-Industrials	0.09%	+0.01%	—
38	TJAN	Inv E D Prt ETF - 2y T Jan27	ETF-Other	0.09%	—	—
39	GLDM	Spdr Gold Minishares Trust	ETF-Commodities	0.08%	+0.08%	NEW
40	BND	Vanguard Total Bond Market	ETF-Other	0.08%	—	-4.71%
41	BSCR	Invesco Bulletshares 2027 Cb	ETF-Other	0.08%	—	+7.43%
42	IWB	Ishares Russell 1000 ETF	ETF-Other	0.08%	—	-1.88%
43	VOOG	Vanguard S&p 500 Growth ETF	ETF-Large Cap & Growth	0.07%	+0.07%	NEW
44	IWR	Ishares Russell Mid-cap ETF	ETF-Other	0.07%	—	—
45	XLF	Ss Financial Select Sector	ETF-Other	0.06%	-0.19%	-76.93%
46	BSCS	Invesco Bulletshares 2028 Cb	ETF-Other	0.06%	—	+10.39%
47	SDCI	Uscf Summerhaven Dynamic ETF	ETF-Other	0.06%	-3.83%	-98.38%
48	XLY	Ss Consumer Disc Select Sect	ETF-Other	0.06%	-0.16%	-74.17%
49	SPYM	Ste Str Spdr Pt S&p 500 ETF	ETF-Large Cap & Growth	0.06%	+0.01%	+8.88%
50	XLU	St Sr Utl Sl Se Spdr Etf-usd	ETF-Other	0.06%	-0.39%	-86.90%

1–50 of 62

Portfolio Performance

Performance for Q3 2026

-0.1%

Performance Last 4 Quarters

-1.6%

Based on 53% of reported portfolio value with available pricing

Stdev: +10.2%
Beta: +0.61
Alpha: -2.6%
Max Drawdown: -7.9%
Annualized Perf: +7.8%
Batting Avg vs S&P: +37%
Sortino: +1.21
Stutzer: +0.23
Treynor: +0.13
Sterling: +0.5
Calmar: +0.98
Information Ratio: -1.24
Tracking Error: +7.5%
Stdev Down: +6.6%
Winning Months %: +63%
Losing Months %: +37%
Best 12 Months: +20.8%
Worst 12 Months: +0.6%
Efficiency Ratio: +0.27
Sharpe: +0.78
Stdev Sectors: +15.9%
Skewness: -0.64
Kurtosis: +0.25
Upside Potential: +2.84

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-06-30	86	$617.0M	45	1RAA 2FCTE 3IWD Top holdings2026-06-30 1.RAA 2.FCTE 3.IWD 4.EMXC 5.USRT 6.QTPI 7.WCPB 8.XSD 9.FDT 10.IVV
2026-03-31	89	$606.9M	14	1RAA 2IWD 3FCTE Top holdings2026-03-31 1.RAA 2.IWD 3.FCTE 4.GLD 5.SDCI 6.QTPI 7.GVAL 8.WCPB 9.XME 10.FDT
2025-12-31	83	$580.3M	44	1RAA 2FCTE 3IWD Top holdings2025-12-31 1.RAA 2.FCTE 3.IWD 4.GLD 5.QTPI 6.GVAL 7.IVV 8.SDCI 9.WCPB 10.FDT
2025-09-30	75	$528.6M	35	1RAA 2FCTE 3GLD Top holdings2025-09-30 1.RAA 2.FCTE 3.GLD 4.BSCP 5.BIV 6.IVV 7.SDCI 8.IWF 9.GVAL 10.VXF
2025-06-30	69	$517.5M	0	1RAA 2FCTE 3GLD Top holdings2025-06-30 1.RAA 2.FCTE 3.GLD 4.BSCP 5.BIV 6.IVV 7.FDD 8.GVAL 9.SDCI 10.VXF
2025-03-31	55	$442.2M	100	1RAA 2FCTE 3BSCP Top holdings2025-03-31 1.RAA 2.FCTE 3.BSCP 4.GLD 5.BIV 6.SDCI 7.IWD 8.IVV 9.GVAL 10.VXF
2024-12-31	67	$433.4M	0	1QQQM 2FCTE 3BSCP Top holdings2024-12-31 1.QQQM 2.FCTE 3.BSCP 4.SPY 5.BIV 6.IVV 7.HYG 8.IWF 9.GLD 10.IWO
2024-09-30	89	$451.7M	0	1FCTE 2BSCP 3QQQM Top holdings2024-09-30 1.FCTE 2.BSCP 3.QQQM 4.SPY 5.BIV 6.KRE 7.GLD 8.IVV 9.VCIT 10.IWF
2024-06-30	94	$404.4M	0	1BSCP 2QQQM 3SPY Top holdings2024-06-30 1.BSCP 2.QQQM 3.SPY 4.BIV 5.BSV 6.PDBC 7.IWF 8.VCIT 9.GLD 10.TLT
2024-03-31	77	$356.3M	0	1SPY 2BIV 3BSV Top holdings2024-03-31 1.SPY 2.BIV 3.BSV 4.QQQM 5.PDBC 6.IWF 7.NJAN 8.HYG 9.IVV 10.VCIT
2023-12-31	78	$395.3M	0	1SPY 2IAPR 3LQD Top holdings2023-12-31 1.SPY 2.IAPR 3.LQD 4.IWF 5.BIV 6.SHY 7.URNM 8.KJAN 9.VNQ 10.PHYS
2023-09-30	43	$273.9M	0	1SPY 2PHYS 3VTIP Top holdings2023-09-30 1.SPY 2.PHYS 3.VTIP 4.IWF 5.BSV 6.PDBC 7.QQQ 8.IVV 9.URNM 10.IVOL
2023-03-31	42	$298.7M	0	1BIL 2PHYS 3SHY Top holdings2023-03-31 1.BIL 2.PHYS 3.SHY 4.EFA 5.BSV 6.XLE 7.IVE 8.RDIV 9.IVV 10.VXF
2022-12-31	41	$308.6M	0	1BIL 2SHY 3PHYS Top holdings2022-12-31 1.BIL 2.SHY 3.PHYS 4.VCSH 5.BSV 6.VTIP 7.XLE 8.IVE 9.IVV 10.SCHO
2022-09-30	36	$307.5M	0	1BIL 2SHY 3PHYS Top holdings2022-09-30 1.BIL 2.SHY 3.PHYS 4.VCSH 5.BSV 6.VTIP 7.XLE 8.IVE 9.IVV 10.SCHO
2022-06-30	39	$280.2M	0	1BIL 2SHY 3PHYS Top holdings2022-06-30 1.BIL 2.SHY 3.PHYS 4.VTIP 5.BSV 6.IVE 7.PDBC 8.XLE 9.IVV 10.SCHO
2022-03-31	35	$285.9M	0	1VNQ 2PHYS 3VTIP Top holdings2022-03-31 1.VNQ 2.PHYS 3.VTIP 4.IVE 5.SPY 6.VOOV 7.BSV 8.XLE 9.PDBC 10.BIL
2021-12-31	34	$262.9M	0	1VNQ 2EFA 3VTIP Top holdings2021-12-31 1.VNQ 2.EFA 3.VTIP 4.IWF 5.SPY 6.VOOG 7.BSV 8.PDBC 9.IVV 10.SPHB
2021-09-30	27	$223.3M	0	1EFA 2VNQ 3VTIP Top holdings2021-09-30 1.EFA 2.VNQ 3.VTIP 4.IWF 5.SPY 6.VIOV 7.BIV 8.IWN 9.SPHB 10.IVV
2021-06-30	25	$233.3M	100	1VNQ 2EFA 3VTIP Top holdings2021-06-30 1.VNQ 2.EFA 3.VTIP 4.IWD 5.SPY 6.VIOV 7.BSV 8.KRE 9.IWN 10.IJS
2021-03-31	26	$220.4M	—	1EFA 2VNQ 3ARKK Top holdings2021-03-31 1.EFA 2.VNQ 3.ARKK 4.IWD 5.SPY 6.VIOV 7.BSV 8.IVOL 9.DBC 10.IWN

Holding changes this quarter

Position changes disclosed by SMI Advisory Services, LLC for the quarter ending 2026-06-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	EMXC	Ishares Msci Emr Mrk Ex Chna	+4.3%	+2252.31%	Add
2	USRT	Ishares Core US Reit ETF	+4.1%	NEW	New buy
3	XSD	Ss Spdr S&p Semiconductor	+3.3%	NEW	New buy
4	SCHF	Schwab Intl Equity ETF	+2.2%	+1686.66%	Add
5	RAA	Smi 3fourteen Rl Asst Alloc	+1.5%	-0.16%	Trim
6	FCTE	Smi 3fourteen Full-cycl Trnd	+1.5%	+0.97%	Add
7	XLK	Ss Technology Select Sector	+1.4%	+135.19%	Add
8	IWD	Ishares Russell 1000 Value E	+0.6%	-5.25%	Trim
9	IVV	Ishares Core S&p 500 ETF	+0.4%	+1.28%	Add
10	XLI	Ss Industrial Select Sector	+0.3%	+121.63%	Add
11	FDT	First Trust Develp Mkt Ex-us	+0.2%	+2.41%	Add
12	XLV	Ss Health Care Select Sector	+0.2%	+112.61%	Add
13	VXF	Vanguard Extended Market ETF	+0.2%	-0.56%	Trim
14	QQQM	Invesco Nasdaq 100 ETF	+0.2%	+75.26%	Add
15	DFAS	Dimensional US Small Cap ETF	+0.2%	+7.23%	Add
16	NDEC	In Gro-100 Pwr Buf ETF - Dec	+0.2%	+0.51%	Add
17	DLN	Wisdomtree US Largecap Divid	+0.2%	+307.66%	Add
18	XLC	Ss Comm Select Sector Spdr	+0.2%	+77.90%	Add
19	GLDM	Spdr Gold Minishares Trust	+0.1%	NEW	New buy
20	WCPB	Weitz Core Plus Bond ETF	+0.1%	+3.83%	Add
21	QTPI	Nrth Squr Rcim Tax-ad Is ETF	+0.1%	+3.06%	Add
22	VOOG	Vanguard S&p 500 Growth ETF	+0.1%	NEW	New buy
23	DFAI	Dimensional International Co	+0.1%	+5.89%	Add
24	LLY	Eli Lilly & Co	0%	+0.18%	Add
25	XC	Wisdomtree True Emerging Mar	0%	NEW	New buy
26	IVW	Ishares S&p 500 Growth ETF	0%	NEW	New buy
27	AAPL	Apple INC	0%	NEW	New buy
28	SCHH	Schwab US Reit ETF	0%	NEW	New buy
29	SPY	Ss Spdr S&p 500 ETF Trust-us	0%	+0.04%	Add
30	IBDR	Ishares Ibonds Dec 2026 Term	0%	+20.74%	Add
31	IWF	Ishares Russell 1000 Growth	0%	+295.10%	Add
32	HWM	Howmet Aerospace INC	0%	—	Unchanged
33	NVDA	Nvidia CORP	0%	—	Unchanged
34	VOO	Vanguard S&p 500 ETF	0%	-1.51%	Trim
35	SPYM	Ste Str Spdr Pt S&p 500 ETF	0%	+8.88%	Add
36	SCHO	Schwab Short-term US Treas	0%	+1.31%	Add
37	XOM	Exxon Mobil CORP	0%	-19.00%	Trim
38	XLB	Ss Materials Select Sector	0%	EXIT	Sold out
39	SFLR	Innovator Eqty Mgd Floor ETF	-0.1%	EXIT	Sold out
40	XLP	Ss Consumer Staples Sel Sect	-0.1%	EXIT	Sold out
41	XLY	Ss Consumer Disc Select Sect	-0.2%	-74.17%	Trim
42	XLF	Ss Financial Select Sector	-0.2%	-76.93%	Trim
43	XLRE	Ss Real Estate Select Sector	-0.2%	EXIT	Sold out
44	XLU	St Sr Utl Sl Se Spdr Etf-usd	-0.4%	-86.90%	Trim
45	XLE	Ss Energy Select Sector	-0.5%	-78.45%	Trim
46	PHYS	Sprott Physical Gold Trust	-1.5%	-77.00%	Trim
47	XME	Ss Spdr S&p Metals Mining	-3.3%	EXIT	Sold out
48	GVAL	Cambria Global Value ETF	-3.5%	EXIT	Sold out
49	SDCI	Uscf Summerhaven Dynamic ETF	-3.8%	-98.38%	Trim
50	GLD	Spdr Gold Shares	-8%	-97.47%	Trim

Filing History

Period	Filed	Type	EDGAR
2026-06-30	2026-07-09	13F-HR	View on EDGAR
2026-03-31	2026-04-07	13F-HR	View on EDGAR
2025-12-31	2026-01-13	13F-HR	View on EDGAR
2025-09-30	2025-10-06	13F-HR	View on EDGAR
2025-06-30	2025-07-18	13F-HR	View on EDGAR
2025-03-31	2025-04-10	13F-HR	View on EDGAR
2024-12-31	2025-01-17	13F-HR	View on EDGAR
2024-09-30	2024-10-07	13F-HR	View on EDGAR
2024-06-30	2024-07-15	13F-HR	View on EDGAR
2024-03-31	2024-04-15	13F-HR	View on EDGAR
2023-12-31	2024-01-12	13F-HR	View on EDGAR
2023-09-30	2023-11-14	13F-HR	View on EDGAR
2023-03-31	2023-04-11	13F-HR	View on EDGAR
2022-12-31	2023-01-03	13F-HR	View on EDGAR
2022-09-30	2022-10-14	13F-HR	View on EDGAR
2022-06-30	2022-08-25	13F-HR	View on EDGAR
2022-03-31	2022-04-28	13F-HR	View on EDGAR
2021-12-31	2022-01-19	13F-HR	View on EDGAR
2021-09-30	2021-10-12	13F-HR	View on EDGAR
2021-06-30	2021-07-23	13F-HR	View on EDGAR
2021-03-31	2021-05-12	13F-HR	View on EDGAR