FINANCIAL ADVOCATES INVESTMENT MANAGEMENT

Filed: 5/11/2023ACC: 0001730293-23-000002

📋 What this filing means

FINANCIAL ADVOCATES INVESTMENT MANAGEMENT filed this quarterly 13F‑HR report disclosing 744 equity positions with a total reported market value of $1.39B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

744

Positions

$1.39B

Total AUM (reported)

25.53M

Total Shares

Allocation by class

COM$358.48M25.8%

SHS$36.21M2.6%

TR UNIT$33.52M2.4%

TOTAL STK MKT$19.76M1.4%

CAP STRENGTH ETF$18.05M1.3%

TOTAL BND MRKT$15.97M1.1%

CORE MSCI EAFE$15.67M1.1%

Portfolio Concentration

Top 3$138.63M10.0%

4–10$124.07M8.9%

11–25$192.61M13.8%

Rest$936.05M67.3%

Top 3 weight

10.0%

Top 10 weight

18.9%

Voting Authority Distribution

Total shares with voting rights: 25.53M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

25.53M

% of voting shares100.0%

Investment Discretion (by position count)

Sole744

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings744

Rows:

APPLE INC

SOLE

COM

Shares403.85K

TypeSH

Market value$66.60M

4.79%

Sole

0.00

Shared

0.00

None

403.85K

MICROSOFT CORP

SOLE

COM

Shares137.08K

TypeSH

Market value$39.52M

2.84%

Sole

0.00

Shared

0.00

None

137.08K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares78.75K

TypeSH

Market value$32.51M

2.34%

Sole

0.00

Shared

0.00

None

78.75K

FIRST TR VALUE LINE DIVID IN

SOLE

SHS

Shares591.67K

TypeSH

Market value$23.76M

1.71%

Sole

0.00

Shared

0.00

None

591.67K

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares96.80K

TypeSH

Market value$19.76M

1.42%

Sole

0.00

Shared

0.00

None

96.80K

FIRST TR EXCHANGE-TRADED FD

SOLE

CAP STRENGTH ETF

Shares247.46K

TypeSH

Market value$18.05M

1.30%

Sole

0.00

Shared

0.00

None

247.46K

VANGUARD BD INDEX FDS

SOLE

TOTAL BND MRKT

Shares216.38K

TypeSH

Market value$15.97M

1.15%

Sole

0.00

Shared

0.00

None

216.38K

ISHARES TR

SOLE

CORE MSCI EAFE

Shares234.40K

TypeSH

Market value$15.67M

1.13%

Sole

0.00

Shared

0.00

None

234.40K

PACER FDS TR

SOLE

US CASH COWS 100

Shares329.32K

TypeSH

Market value$15.46M

1.11%

Sole

0.00

Shared

0.00

None

329.32K

ISHARES TR

SOLE

S&P 500 GRWT ETF

Shares240.99K

TypeSH

Market value$15.40M

1.11%

Sole

0.00

Shared

0.00

None

240.99K

ISHARES TR

SOLE

CORE S&P500 ETF

Shares37.10K

TypeSH

Market value$15.25M

1.10%

Sole

0.00

Shared

0.00

None

37.10K

VANGUARD INDEX FDS

SOLE

GROWTH ETF

Shares61.05K

TypeSH

Market value$15.23M

1.09%

Sole

0.00

Shared

0.00

None

61.05K

NVIDIA CORPORATION

SOLE

COM

Shares53.79K

TypeSH

Market value$14.94M

1.07%

Sole

0.00

Shared

0.00

None

53.79K

INVESCO QQQ TR

SOLE

UNIT SER 1

Shares45.57K

TypeSH

Market value$14.85M

1.07%

Sole

0.00

Shared

0.00

None

45.57K

ISHARES TR

SOLE

CORE S&P MCP ETF

Shares57.17K

TypeSH

Market value$14.30M

1.03%

Sole

0.00

Shared

0.00

None

57.17K

AMAZON COM INC

SOLE

COM

Shares132.61K

TypeSH

Market value$13.70M

0.98%

Sole

0.00

Shared

0.00

None

132.61K

J P MORGAN EXCHANGE TRADED F

SOLE

ULTRA SHRT INC

Shares265.77K

TypeSH

Market value$13.37M

0.96%

Sole

0.00

Shared

0.00

None

265.77K

SPDR GOLD TR

SOLE

GOLD SHS

Shares70.98K

TypeSH

Market value$13.03M

0.94%

Sole

0.00

Shared

0.00

None

70.98K

SELECT SECTOR SPDR TR

SOLE

ENERGY

Shares153.49K

TypeSH

Market value$12.71M

0.91%

Sole

0.00

Shared

0.00

None

153.49K

SPDR SER TR

SOLE

PRTFLO S&P500 GW

Shares220.30K

TypeSH

Market value$12.20M

0.88%

Sole

0.00

Shared

0.00

None

220.30K

DIMENSIONAL ETF TRUST

SOLE

INTL CORE EQT MK

Shares433.70K

TypeSH

Market value$11.69M

0.84%

Sole

0.00

Shared

0.00

None

433.70K

ISHARES TR

SOLE

S&P 500 VAL ETF

Shares76.72K

TypeSH

Market value$11.67M

0.84%

Sole

0.00

Shared

0.00

None

76.72K

FIRST TR EXCHNG TRADED FD VI

SOLE

TCW UNCONSTRAI

Shares438.90K

TypeSH

Market value$10.63M

0.76%

Sole

0.00

Shared

0.00

None

438.90K

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares78.96K

TypeSH

Market value$9.80M

0.70%

Sole

0.00

Shared

0.00

None

78.96K

TESLA INC

SOLE

COM

Shares44.54K

TypeSH

Market value$9.24M

0.66%

Sole

0.00

Shared

0.00

None

44.54K

Issuer	Class	Shares	Type	Value / Portfolio %	None
APPLE INCSOLE	COM	403.85K	SH	$66.60M 4.79%	403.85K
MICROSOFT CORPSOLE	COM	137.08K	SH	$39.52M 2.84%	137.08K
SPDR S&P 500 ETF TRSOLE	TR UNIT	78.75K	SH	$32.51M 2.34%	78.75K
FIRST TR VALUE LINE DIVID INSOLE	SHS	591.67K	SH	$23.76M 1.71%	591.67K
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	96.80K	SH	$19.76M 1.42%	96.80K
FIRST TR EXCHANGE-TRADED FDSOLE	CAP STRENGTH ETF	247.46K	SH	$18.05M 1.30%	247.46K
VANGUARD BD INDEX FDSSOLE	TOTAL BND MRKT	216.38K	SH	$15.97M 1.15%	216.38K
ISHARES TRSOLE	CORE MSCI EAFE	234.40K	SH	$15.67M 1.13%	234.40K
PACER FDS TRSOLE	US CASH COWS 100	329.32K	SH	$15.46M 1.11%	329.32K
ISHARES TRSOLE	S&P 500 GRWT ETF	240.99K	SH	$15.40M 1.11%	240.99K
ISHARES TRSOLE	CORE S&P500 ETF	37.10K	SH	$15.25M 1.10%	37.10K
VANGUARD INDEX FDSSOLE	GROWTH ETF	61.05K	SH	$15.23M 1.09%	61.05K
NVIDIA CORPORATIONSOLE	COM	53.79K	SH	$14.94M 1.07%	53.79K
INVESCO QQQ TRSOLE	UNIT SER 1	45.57K	SH	$14.85M 1.07%	45.57K
ISHARES TRSOLE	CORE S&P MCP ETF	57.17K	SH	$14.30M 1.03%	57.17K
AMAZON COM INCSOLE	COM	132.61K	SH	$13.70M 0.98%	132.61K
J P MORGAN EXCHANGE TRADED FSOLE	ULTRA SHRT INC	265.77K	SH	$13.37M 0.96%	265.77K
SPDR GOLD TRSOLE	GOLD SHS	70.98K	SH	$13.03M 0.94%	70.98K
SELECT SECTOR SPDR TRSOLE	ENERGY	153.49K	SH	$12.71M 0.91%	153.49K
SPDR SER TRSOLE	PRTFLO S&P500 GW	220.30K	SH	$12.20M 0.88%	220.30K
DIMENSIONAL ETF TRUSTSOLE	INTL CORE EQT MK	433.70K	SH	$11.69M 0.84%	433.70K
ISHARES TRSOLE	S&P 500 VAL ETF	76.72K	SH	$11.67M 0.84%	76.72K
FIRST TR EXCHNG TRADED FD VISOLE	TCW UNCONSTRAI	438.90K	SH	$10.63M 0.76%	438.90K
ISHARES TRSOLE	MSCI USA QLT FCT	78.96K	SH	$9.80M 0.70%	78.96K
TESLA INCSOLE	COM	44.54K	SH	$9.24M 0.66%	44.54K

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