Financial Advocates Investment Management

Diversified strategyHigh-turnover traderSector-focused

Total reported value

$177.9M

Reporting period: 2025-09-30 · Number of holdings: 104

Financial Advocates Investment Management disclosed 104 holdings in its latest 13F filing for the period ending 2025-09-30, with total reported value of $177.9M and a quarterly turnover rate of 183.1%.

Personality snowflake

Concentration: 10.5
Portfolio Stability: 100
Momentum/Contrarian: 0
Sector conviction: 100
Diversification: 100
Sizing Uniformity: 86.78

Recent moves

Add GLD
-60.0%　-$12.6M
Trim NVDA
-96.6%　-$48.3M
Add IVV
-63.2%　-$7.6M
Add BND
-65.8%　-$7.4M
Trim GOVT
-98.6%　-$20.0M
Add JGRO
-76.0%　-$9.8M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	AAPL	Apple INC	Stock-Tech	10.22%	—	-67.87%
2	GLD	Spdr Gold Shares	ETF-Commodities	4.36%	+2.93%	-59.97%
3	AOA	Ishares Core 80/20 Aggressiv	ETF-Other	3.55%	—	+0.48%
4	MINT	Pimco Enhanced Short Maturit	ETF-Other	3.39%	+3.39%	NEW
5	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	3.19%	+2.26%	-63.23%
6	IUSB	Ishr Cr Unvrse Usd Bd Etf-ui	ETF-Other	2.66%	—	-20.65%
7	XLG	Invesco S&p 500 Top 50 ETF	ETF-Large Cap & Growth	2.60%	—	-7.54%
8	PTLC	Pacer Trendpilot US Large Ca	ETF-Other	2.54%	—	-23.42%
9	AOM	Ishares Core 40/60 Moderate	ETF-Other	2.50%	—	+4.35%
10	ITA	Ishares U.s. Aerospace & Def	ETF-Other	2.35%	—	-1.84%
11	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	2.28%	+0.36%	-87.00%
12	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	2.22%	-0.75%	-91.46%
13	JGRO	Jpmorgan Active Growth ETF	ETF-Other	2.18%	+1.22%	-75.98%
14	BND	Vanguard Total Bond Market	ETF-Other	2.06%	+1.28%	-65.82%
15	SPMO	Invesco S&p 500 Momentum ETF	ETF-Large Cap & Growth	2.05%	—	-13.62%
16	VPU	Vanguard Utilities ETF	ETF-Other	1.75%	—	-7.48%
17	DYNF	Ishrs US E F R A Etf-usd INC	ETF-Other	1.70%	—	-2.43%
18	IVW	Ishares S&p 500 Growth ETF	ETF-Large Cap & Growth	1.70%	+0.30%	-84.47%
19	QQQM	Invesco Nasdaq 100 ETF	ETF-Tech	1.67%	+1.05%	-25.42%
20	MUB	Ishares National Muni Bond E	ETF-Other	1.65%	—	-42.65%
21	SPDV	Aam S&p 500 High Div Val ETF	ETF-Large Cap & Growth	1.56%	—	-1.30%
22	IGSB	Ishares 1-5y Inv Grade CORP	ETF-Other	1.53%	+0.27%	-11.22%
23	EFV	Ishares Msci Eafe Value ETF	ETF-Other	1.42%	—	-7.70%
24	SLV	Ishares Silver Trust	ETF-Commodities	1.37%	—	-45.59%
25	MSFT	Microsoft CORP	Stock-Tech	1.33%	+0.58%	-91.35%
26	IEF	Ishares 7-10 Year Treasury B	ETF-Gov Bonds	1.32%	+0.78%	-49.21%
27	QUAL	Ishares Msci USA Quality Fac	ETF-Other	1.32%	+0.15%	-89.29%
28	USMV	Ishares Msci USA Min Vol Fac	ETF-Other	1.25%	—	-37.81%
29	IVE	Ishares S&p 500 Value ETF	ETF-Large Cap & Growth	1.18%	+0.38%	-82.85%
30	OEF	Ishares S&p 100 ETF	ETF-Other	1.14%	—	+7.27%
31	IEMG	Ishares Core Msci Emerging	ETF-Emerging Markets	1.09%	+0.15%	-90.42%
32	META	Meta Platforms Inc-class A	Stock-Comm Services	0.97%	—	-66.73%
33	GOOG	Alphabet Inc-cl C	Stock-Comm Services	0.97%	—	-58.65%
34	PSLV	Sprott Physical Silver Trust	Stock-Other	0.93%	—	+2.63%
35	ZROZ	Pimco 25+ Yr Zero Cpn US Tif	ETF-Other	0.86%	—	—
36	NVDA	Nvidia CORP	Stock-Tech	0.86%	-2.64%	-96.65%
37	MBB	Ishares Mbs ETF	ETF-Other	0.81%	-0.20%	-90.84%
38	AMZN	Amazon.com INC	Stock-Consumer Disc	0.79%	-0.80%	-89.00%
39	STIP	Ishares 0-5 Year Tips Bond E	ETF-Other	0.76%	—	-42.28%
40	COWZ	Pacer US Cash Cows 100 ETF	ETF-Other	0.74%	-0.15%	-81.66%
41	VNQ	Vanguard Real Estate ETF	ETF-Other	0.72%	—	+37.29%
42	GDX	Vaneck Gold Miners ETF	ETF-Commodities	0.72%	—	-32.81%
43	THRO	Ishares U.s. Thematic Rotati	ETF-Other	0.70%	—	-0.71%
44	VYM	Vanguard High Dvd Yield ETF	ETF-Other	0.65%	—	-41.82%
45	BINC	Ishares Flex I A Etf-usd INC	ETF-Other	0.62%	—	-22.81%
46	VXUS	Vanguard Total Intl Stock	ETF-Other	0.59%	—	-6.96%
47	XLV	Ss Health Care Select Sector	ETF-Other	0.59%	—	-52.83%
48	VB	Vanguard Small-cap ETF	ETF-Other	0.59%	—	-77.67%
49	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	0.59%	—	-83.10%
50	MGK	Vanguard Mega Cap Growth ETF	ETF-Other	0.54%	—	-30.58%

1–50 of 104

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2025-09-30	104	$177.9M	100	1AAPL 2GLD 3AOA Top holdings2025-09-30 1.AAPL 2.GLD 3.AOA 4.MINT 5.IVV 6.IUSB 7.XLG 8.PTLC 9.AOM 10.ITA
2025-06-30	627	$1.2B	0	1AAPL 2SPY 3NVDA Top holdings2025-06-30 1.AAPL 2.SPY 3.NVDA 4.VTI 5.MSFT 6.IEFA 7.GOVT 8.IUSG 9.QUAL 10.IEMG
2025-03-31	722	$1.4B	100	1NVDA 2SPY 3SPYG Top holdings2025-03-31 1.NVDA 2.SPY 3.SPYG 4.VTI 5.XME 6.AMZN 7.GLD 8.GOVT 9.IVW 10.AAPL
2024-12-31	752	$1.8B	0	1AAPL 2NVDA 3SPY Top holdings2024-12-31 1.AAPL 2.NVDA 3.SPY 4.MSFT 5.SPYG 6.VTI 7.AMZN 8.IJH 9.GOVT 10.IEFA
2024-09-30	768	$1.8B	0	1AAPL 2NVDA 3SPY Top holdings2024-09-30 1.AAPL 2.NVDA 3.SPY 4.MSFT 5.SPYG 6.VTI 7.IEFA 8.AMZN 9.IJH 10.GOVT
2024-06-30	741	$1.6B	0	1AAPL 2NVDA 3SPY Top holdings2024-06-30 1.AAPL 2.NVDA 3.SPY 4.MSFT 5.SPYG 6.VTI 7.AMZN 8.IVW 9.IEFA 10.IJH
2024-03-31	773	$1.7B	0	1SPY 2AAPL 3MSFT Top holdings2024-03-31 1.SPY 2.AAPL 3.MSFT 4.NVDA 5.VUG 6.SPYG 7.VTI 8.AMZN 9.IEFA 10.IJH
2023-12-31	732	$1.5B	0	1AAPL 2MSFT 3SPY Top holdings2023-12-31 1.AAPL 2.MSFT 3.SPY 4.VUG 5.NVDA 6.VTI 7.SPYG 8.BND 9.IEFA 10.AMZN
2023-09-30	696	$1.4B	0	1AAPL 2MSFT 3SPY Top holdings2023-09-30 1.AAPL 2.MSFT 3.SPY 4.NVDA 5.VTI 6.FTCS 7.QQQ 8.VUG 9.AMZN 10.FVD
2023-06-30	694	$1.4B	0	1AAPL 2MSFT 3SPY Top holdings2023-06-30 1.AAPL 2.MSFT 3.SPY 4.FVD 5.NVDA 6.VTI 7.FTCS 8.QQQ 9.AMZN 10.VUG
2023-03-31	744	$1.4B	0	1AAPL 2MSFT 3SPY Top holdings2023-03-31 1.AAPL 2.MSFT 3.SPY 4.FVD 5.VTI 6.FTCS 7.BND 8.IEFA 9.COWZ 10.IVW
2022-12-31	753	$1.3B	0	1AAPL 2SPY 3MSFT Top holdings2022-12-31 1.AAPL 2.SPY 3.MSFT 4.FVD 5.VTI 6.FTCS 7.VUG 8.GLD 9.IVW 10.XLE
2022-09-30	748	$1.2B	0	1AAPL 2SPY 3MSFT Top holdings2022-09-30 1.AAPL 2.SPY 3.MSFT 4.FVD 5.VTV 6.VUG 7.FTCS 8.VTI 9.GLD 10.RSP
2022-06-30	684	$1.2B	0	1AAPL 2MSFT 3SPY Top holdings2022-06-30 1.AAPL 2.MSFT 3.SPY 4.GLD 5.FVD 6.VTV 7.VTI 8.VUG 9.IVW 10.FTCS
2022-03-31	728	$1.5B	0	1AAPL 2SPY 3MSFT Top holdings2022-03-31 1.AAPL 2.SPY 3.MSFT 4.GLD 5.VTI 6.QQQ 7.FVD 8.AMZN 9.VTV 10.IVV
2021-12-31	765	$1.6B	0	1AAPL 2MSFT 3SPY Top holdings2021-12-31 1.AAPL 2.MSFT 3.SPY 4.QQQ 5.VTI 6.FVD 7.AMZN 8.VTV 9.GLD 10.NVDA
2021-09-30	739	$1.5B	0	1AAPL 2MSFT 3SPY Top holdings2021-09-30 1.AAPL 2.MSFT 3.SPY 4.QQQ 5.VTI 6.AMZN 7.GLD 8.VUG 9.FVD 10.VTV
2021-06-30	732	$1.5B	97	1AAPL 2MSFT 3SPY Top holdings2021-06-30 1.AAPL 2.MSFT 3.SPY 4.SPYM 5.QQQ 6.AMZN 7.VTI 8.GLD 9.VUG 10.SLV
2021-03-31	746	$1.4B	31	1AAPL 2MSFT 3SPY Top holdings2021-03-31 1.AAPL 2.MSFT 3.SPY 4.SPYM 5.QQQ 6.AMZN 7.VTI 8.SLV 9.GLD 10.USMV
2020-12-31	714	$1.5B	40	1AAPL 2SPY 3SPYM Top holdings2020-12-31 1.AAPL 2.SPY 3.SPYM 4.MSFT 5.SLV 6.QQQ 7.AMZN 8.GLD 9.XLK 10.SPIP
2020-09-30	626	$1.2B	34	1AAPL 2SPY 3MSFT Top holdings2020-09-30 1.AAPL 2.SPY 3.MSFT 4.SPYM 5.SCHZ 6.GLD 7.XLK 8.QQQ 9.SLV 10.AMZN
2020-06-30	607	$1.1B	46	1AAPL 2SPY 3MSFT Top holdings2020-06-30 1.AAPL 2.SPY 3.MSFT 4.VGSH 5.GLD 6.QQQ 7.AMZN 8.SCHO 9.IVV 10.SLV
2020-03-31	477	$700.9M	47	1AAPL 2SPY 3MSFT Top holdings2020-03-31 1.AAPL 2.SPY 3.MSFT 4.SCHO 5.GLD 6.EDV 7.IVV 8.QQQ 9.AMZN 10.GBIL
2019-12-31	510	$939.2M	24	1IVV 2VTI 3AAPL Top holdings2019-12-31 1.IVV 2.VTI 3.AAPL 4.SPY 5.QQQ 6.MSFT 7.USMV 8.SCHO 9.IVE 10.RSP
2019-09-30	482	$875.7M	20	1IVV 2VTI 3QQQ Top holdings2019-09-30 1.IVV 2.VTI 3.QQQ 4.AAPL 5.SPY 6.MSFT 7.USMV 8.FTSM 9.SCHO 10.GBIL
2019-06-30	467	$862.6M	25	1IVV 2VTI 3QQQ Top holdings2019-06-30 1.IVV 2.VTI 3.QQQ 4.SPY 5.USMV 6.AAPL 7.RSP 8.MSFT 9.AMZN 10.BND
2019-03-31	457	$804.0M	25	1IVV 2QQQ 3SPY Top holdings2019-03-31 1.IVV 2.QQQ 3.SPY 4.VLUE 5.AAPL 6.USMV 7.BND 8.GMOM 9.MSFT 10.AMZN
2018-12-31	420	$732.7M	37	1IVV 2SPY 3QQQ Top holdings2018-12-31 1.IVV 2.SPY 3.QQQ 4.BND 5.VLUE 6.VTI 7.USMV 8.AAPL 9.GMOM 10.IVW
2018-09-30	590	$895.6M	21	1QQQ 2IVV 3VTI Top holdings2018-09-30 1.QQQ 2.IVV 3.VTI 4.SPY 5.AAPL 6.BND 7.VLUE 8.GMOM 9.USMV 10.MSFT
2018-06-30	486	$825.5M	31	1QQQ 2VTI 3SPY Top holdings2018-06-30 1.QQQ 2.VTI 3.SPY 4.AAPL 5.BND 6.IVV 7.GMOM 8.VOT 9.USMV 10.SCHX
2018-03-31	483	$769.0M	22	173935A2VTI 3SPY Top holdings2018-03-31 1.73935A 2.VTI 3.SPY 4.BND 5.AAPL 6.GMOM 7.IVV 8.USMV 9.SCHX 10.VOT
2017-12-31	916	$732.7M	0	173935A2VTI 3SPY Top holdings2017-12-31 1.73935A 2.VTI 3.SPY 4.BND 5.USMV 6.AAPL 7.IVV 8.SCHX 9.GMOM 10.VOT

Holding changes this quarter

Financial Advocates Investment Management's most significant position changes for 2025-09-30: Sold out: Ss Spdr P S&p 500 Growth ETF (SPYG); Sold out: Ss Spdr S&p Metals Mining (XME); Sold out: Ishares Core S&p U.s. Growth (IUSG); Sold out: Ishares Core U.s. Aggregate (AGG); Sold out: Ishares Core S&p Midcap ETF (IJH).

Position changes disclosed by Financial Advocates Investment Management for the quarter ending 2025-09-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	GLD	Spdr Gold Shares	+2.9%	-59.97%	Trim
2	IVV	Ishares Core S&p 500 ETF	+2.3%	-63.23%	Trim
3	BND	Vanguard Total Bond Market	+1.3%	-65.82%	Trim
4	JGRO	Jpmorgan Active Growth ETF	+1.2%	-75.98%	Trim
5	QQQM	Invesco Nasdaq 100 ETF	+1.1%	-25.42%	Trim
6	IEF	Ishares 7-10 Year Treasury B	+0.8%	-49.21%	Trim
7	MSFT	Microsoft CORP	+0.6%	-91.35%	Trim
8	IVE	Ishares S&p 500 Value ETF	+0.4%	-82.85%	Trim
9	VTI	Vanguard Total Stock Mkt ETF	+0.4%	-87.00%	Trim
10	IVW	Ishares S&p 500 Growth ETF	+0.3%	-84.47%	Trim
11	IGSB	Ishares 1-5y Inv Grade CORP	+0.3%	-11.22%	Trim
12	QUAL	Ishares Msci USA Quality Fac	+0.2%	-89.29%	Trim
13	IEMG	Ishares Core Msci Emerging	+0.2%	-90.42%	Trim
14	XMMO	Invesco S&p Midcap Momentum	-0.1%	-61.99%	Trim
15	COWZ	Pacer US Cash Cows 100 ETF	-0.2%	-81.66%	Trim
16	COST	Costco Wholesale CORP	-0.2%	-86.29%	Trim
17	MBB	Ishares Mbs ETF	-0.2%	-90.84%	Trim
18	VIG	Vanguard Dividend Apprec ETF	-0.2%	-53.39%	Trim
19	CGDV	Cap Group Dividend Value	-0.3%	-92.76%	Trim
20	BRK-B	Berkshire Hathaway Inc-cl B	-0.3%	-89.49%	Trim
21	JPSE	JPM Diversified Rt Small Cap	-0.3%	-95.46%	Trim
22	TSLA	Tesla INC	-0.4%	-95.67%	Trim
23	EMB	Ishares Jp Morgan Usd Emergi	-0.4%	-5.40%	Trim
24	QQQ	Invesco Qqq Trust Series 1	-0.6%	-93.20%	Trim
25	SPY	Ss Spdr S&p 500 ETF Trust-us	-0.8%	-91.46%	Trim
26	AMZN	Amazon.com INC	-0.8%	-89.00%	Trim
27	GOVT	Ishares US Treasury Bond ETF	-1.3%	-98.63%	Trim
28	NVDA	Nvidia CORP	-2.6%	-96.65%	Trim
29	SPYG	Ss Spdr P S&p 500 Growth ETF	—	EXIT	Sold out
30	XME	Ss Spdr S&p Metals Mining	—	EXIT	Sold out
31	IUSG	Ishares Core S&p U.s. Growth	—	EXIT	Sold out
32	AGG	Ishares Core U.s. Aggregate	—	EXIT	Sold out
33	IJH	Ishares Core S&p Midcap ETF	—	EXIT	Sold out
34	IUSV	Ishares Core S&p U.s. Value	—	EXIT	Sold out
35	BILS	Ss Spdrb B 3-12m T-bill ETF	—	EXIT	Sold out
36	SDY	Ss Spdr S&p Dividend ETF	—	EXIT	Sold out
37	AVUV	Avantis US Small Cap Value	—	EXIT	Sold out
38	PAVE	Global X US Infrastructure	—	EXIT	Sold out
39	RSP	Invesco S&p 500 Equal Weight	—	EXIT	Sold out
40	AXON	Axon Enterprise INC	—	EXIT	Sold out
41	SPYV	Ss Spdr P S&p 500 Value ETF	—	EXIT	Sold out
42	FLOT	Ishares Floating Rate Bond E	—	EXIT	Sold out
43	VCIT	Vanguard Int-term Corporate	—	EXIT	Sold out
44	SPIB	Ss Spdr P Int C CORP ETF	—	EXIT	Sold out
45	MOAT	Vaneck Morningstar Wide Moat	—	EXIT	Sold out
46	BIL	Ss Spdr Bb 1-3m T-bill ETF	—	EXIT	Sold out
47	MINT	Pimco Enhanced Short Maturit	—	NEW	New buy
48	FIXD	First Trust Smith Opportunis	—	EXIT	Sold out
49	MDYG	Ss Spdr S&p 400 Mc Gr ETF	—	EXIT	Sold out
50	SDVY	First Trust Smid Cap Rising	—	EXIT	Sold out

FAQ

What is Financial Advocates Investment Management and what type of investor is it?

Financial Advocates Investment Management 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 (2025-09-30), the firm manages a tracked equity portfolio valued at approximately $177.9M, spread across 104 disclosed positions.

What are Financial Advocates Investment Management's largest equity positions?

Based on the latest 13F filing, Financial Advocates Investment Management's top holdings by market value are: 1. Apple INC (AAPL) — $18.2M (10.2%) 2. Spdr Gold Shares (GLD) — $7.8M (4.4%) 3. Ishares Core 80/20 Aggressiv (AOA) — $6.3M (3.5%) 4. Pimco Enhanced Short Maturit (MINT) — $6.0M (3.4%) 5. Ishares Core S&p 500 ETF (IVV) — $5.7M (3.2%)

What changes did Financial Advocates Investment Management make in its most recent portfolio filing?

In the latest reported quarter, Financial Advocates Investment Management made 50 notable position adjustments: 1 new positions were initiated, 0 existing holdings were added to, 28 positions were partially reduced, and 21 were completely exited. The largest of these moves: Sold out: Ss Spdr P S&p 500 Growth ETF (SPYG); Sold out: Ss Spdr S&p Metals Mining (XME); Sold out: Ishares Core S&p U.s. Growth (IUSG); Sold out: Ishares Core U.s. Aggregate (AGG); Sold out: Ishares Core S&p Midcap ETF (IJH)

What sectors does Financial Advocates Investment Management focus on?

Financial Advocates Investment Management is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 71.2% • Communication Services: 15.1% • Consumer Discretionary: 7.1% • Financials: 3.4% • Consumer Staples: 1.7% • Industrials: 0.8%