CARMICHAEL HILL & ASSOCIATES, INC.

PrivateCIK: 1730295

Location

GAITHERSBURG, MD

776

Positions

$282.02M

Total AUM (reported)

2.80M

Total Shares

Allocation by class

COM$97.24M34.5%

US BRD MKT ETF$11.32M4.0%

CALL$10.07M3.6%

US LRG CAP ETF$8.76M3.1%

CL B NEW$8.73M3.1%

INF TECH ETF$7.97M2.8%

S&P500 EQL WGT$6.67M2.4%

Portfolio Concentration

Top 3$45.58M16.2%

4–10$47.89M17.0%

11–25$52.20M18.5%

Rest$136.36M48.3%

Top 3 weight

16.2%

Top 10 weight

33.1%

Voting Authority Distribution

Total shares with voting rights: 2.80M

Sole

Full voting authority

21.36K

% of voting shares0.8%

Shared

Joint voting authority

425.50K

% of voting shares15.2%

None

No voting authority

2.35M

% of voting shares84.0%

Investment Discretion (by position count)

Sole776

Shared0

Other0

Dominant voting typeNone · 84.0% of voting shares

Institutional Holdings776

Rows:

APPLE INC

SOLE

COM

Shares90.53K

TypeSH

Market value$21.09M

7.48%

Sole

500.00

Shared

2.64K

None

87.39K

MICROSOFT CORP

SOLE

COM

Shares30.61K

TypeSH

Market value$13.17M

4.67%

Sole

0.00

Shared

353.00

None

30.26K

SCHWAB STRATEGIC TR

SOLE

US BRD MKT ETF

Shares170.12K

TypeSH

Market value$11.32M

4.01%

Sole

809.00

Shared

37.58K

None

131.73K

SCHWAB STRATEGIC TR

SOLE

US LRG CAP ETF

Shares129.12K

TypeSH

Market value$8.76M

3.11%

Sole

2.47K

Shared

26.04K

None

100.62K

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares18.97K

TypeSH

Market value$8.73M

3.10%

Sole

0.00

Shared

1.02K

None

17.95K

VANGUARD WORLD FD

SOLE

INF TECH ETF

Shares13.58K

TypeSH

Market value$7.97M

2.83%

Sole

47.00

Shared

678.00

None

12.86K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P500 EQL WGT

Shares37.20K

TypeSH

Market value$6.67M

2.36%

Sole

0.00

Shared

2.94K

None

34.27K

SPDR SER TR

SOLE

S&P DIVID ETF

Shares42.56K

TypeSH

Market value$6.04M

2.14%

Sole

739.00

Shared

2.47K

None

39.34K

VANGUARD INDEX FDS

SOLE

SMALL CP ETF

Shares21.20K

TypeSH

Market value$5.03M

1.78%

Sole

0.00

Shared

1.81K

None

19.38K

SCHWAB STRATEGIC TR

SOLE

INTL EQTY ETF

Shares113.99K

TypeSH

Market value$4.69M

1.66%

Sole

620.00

Shared

23.36K

None

90.01K

ALPHABET INC

SOLE

CAP STK CL A

Shares25.47K

TypeSH

Market value$4.22M

1.50%

Sole

0.00

Shared

1.38K

None

24.09K

VANGUARD MUN BD FDS

SOLE

TAX EXEMPT BD

Shares81.19K

TypeSH

Market value$4.15M

1.47%

Sole

0.00

Shared

0.00

None

81.19K

ISHARES TR

SOLE

CORE S&P500 ETF

Shares6.80K

TypeSH

Market value$3.92M

1.39%

Sole

0.00

Shared

165.00

None

6.64K

VANGUARD WHITEHALL FDS

SOLE

HIGH DIV YLD

Shares30.20K

TypeSH

Market value$3.87M

1.37%

Sole

0.00

Shared

2.57K

None

27.63K

SCHWAB STRATEGIC TR

SOLE

US MID-CAP ETF

Shares44.89K

TypeSH

Market value$3.73M

1.32%

Sole

126.00

Shared

10.35K

None

34.42K

VANGUARD INDEX FDS

SOLE

MID CAP ETF

Shares13.54K

TypeSH

Market value$3.57M

1.27%

Sole

0.00

Shared

540.00

None

13K

VANGUARD INDEX FDS

SOLE

EXTEND MKT ETF

Shares19.38K

TypeSH

Market value$3.53M

1.25%

Sole

145.00

Shared

2.41K

None

16.82K

SCHWAB STRATEGIC TR

SOLE

US SML CAP ETF

Shares65.67K

TypeSH

Market value$3.38M

1.20%

Sole

241.00

Shared

19.30K

None

46.12K

JOHNSON & JOHNSON

SOLE

COM

Shares20.65K

TypeSH

Market value$3.35M

1.19%

Sole

0.00

Shared

128.00

None

20.52K

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares6.33K

TypeSH

Market value$3.34M

1.19%

Sole

0.00

Shared

866.00

None

5.47K

VANGUARD SCOTTSDALE FDS

SOLE

VNG RUS1000GRW

Shares34.07K

TypeSH

Market value$3.29M

1.17%

Sole

0.00

Shared

2.92K

None

31.16K

VANGUARD WORLD FD

SOLE

HEALTH CAR ETF

Shares11.27K

TypeSH

Market value$3.18M

1.13%

Sole

69.00

Shared

271.00

None

10.93K

MCDONALDS CORP

SOLE

COM

Shares10K

TypeSH

Market value$3.05M

1.08%

Sole

0.00

Shared

51.00

None

9.95K

VANGUARD SPECIALIZED FUNDS

SOLE

DIV APP ETF

Shares14.86K

TypeSH

Market value$2.94M

1.04%

Sole

0.00

Shared

550.00

None

14.31K

ELI LILLY & CO

SOLE

COM

Shares3.01K

TypeSH

Market value$2.67M

0.95%

Sole

0.00

Shared

51.00

None

2.96K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
APPLE INCSOLE	COM	90.53K	SH	$21.09M 7.48%	500.00	2.64K	87.39K
MICROSOFT CORPSOLE	COM	30.61K	SH	$13.17M 4.67%	0.00	353.00	30.26K
SCHWAB STRATEGIC TRSOLE	US BRD MKT ETF	170.12K	SH	$11.32M 4.01%	809.00	37.58K	131.73K
SCHWAB STRATEGIC TRSOLE	US LRG CAP ETF	129.12K	SH	$8.76M 3.11%	2.47K	26.04K	100.62K
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	18.97K	SH	$8.73M 3.10%	0.00	1.02K	17.95K
VANGUARD WORLD FDSOLE	INF TECH ETF	13.58K	SH	$7.97M 2.83%	47.00	678.00	12.86K
INVESCO EXCHANGE TRADED FD TSOLE	S&P500 EQL WGT	37.20K	SH	$6.67M 2.36%	0.00	2.94K	34.27K
SPDR SER TRSOLE	S&P DIVID ETF	42.56K	SH	$6.04M 2.14%	739.00	2.47K	39.34K
VANGUARD INDEX FDSSOLE	SMALL CP ETF	21.20K	SH	$5.03M 1.78%	0.00	1.81K	19.38K
SCHWAB STRATEGIC TRSOLE	INTL EQTY ETF	113.99K	SH	$4.69M 1.66%	620.00	23.36K	90.01K
ALPHABET INCSOLE	CAP STK CL A	25.47K	SH	$4.22M 1.50%	0.00	1.38K	24.09K
VANGUARD MUN BD FDSSOLE	TAX EXEMPT BD	81.19K	SH	$4.15M 1.47%	0.00	0.00	81.19K
ISHARES TRSOLE	CORE S&P500 ETF	6.80K	SH	$3.92M 1.39%	0.00	165.00	6.64K
VANGUARD WHITEHALL FDSSOLE	HIGH DIV YLD	30.20K	SH	$3.87M 1.37%	0.00	2.57K	27.63K
SCHWAB STRATEGIC TRSOLE	US MID-CAP ETF	44.89K	SH	$3.73M 1.32%	126.00	10.35K	34.42K
VANGUARD INDEX FDSSOLE	MID CAP ETF	13.54K	SH	$3.57M 1.27%	0.00	540.00	13K
VANGUARD INDEX FDSSOLE	EXTEND MKT ETF	19.38K	SH	$3.53M 1.25%	145.00	2.41K	16.82K
SCHWAB STRATEGIC TRSOLE	US SML CAP ETF	65.67K	SH	$3.38M 1.20%	241.00	19.30K	46.12K
JOHNSON & JOHNSONSOLE	COM	20.65K	SH	$3.35M 1.19%	0.00	128.00	20.52K
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	6.33K	SH	$3.34M 1.19%	0.00	866.00	5.47K
VANGUARD SCOTTSDALE FDSSOLE	VNG RUS1000GRW	34.07K	SH	$3.29M 1.17%	0.00	2.92K	31.16K
VANGUARD WORLD FDSOLE	HEALTH CAR ETF	11.27K	SH	$3.18M 1.13%	69.00	271.00	10.93K
MCDONALDS CORPSOLE	COM	10K	SH	$3.05M 1.08%	0.00	51.00	9.95K
VANGUARD SPECIALIZED FUNDSSOLE	DIV APP ETF	14.86K	SH	$2.94M 1.04%	0.00	550.00	14.31K
ELI LILLY & COSOLE	COM	3.01K	SH	$2.67M 0.95%	0.00	51.00	2.96K

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