FINANCIAL ADVOCATES INVESTMENT MANAGEMENT

Filed: 8/7/2023ACC: 0001730293-23-000004

📋 What this filing means

FINANCIAL ADVOCATES INVESTMENT MANAGEMENT filed this quarterly 13F‑HR report disclosing 694 equity positions with a total reported market value of $1.40B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

694

Positions

$1.40B

Total AUM (reported)

23.36M

Total Shares

Allocation by class

COM$385.27M27.5%

SHS$35.30M2.5%

TR UNIT$35.15M2.5%

TOTAL STK MKT$21.21M1.5%

CAP STRENGTH ETF$18.58M1.3%

UNIT SER 1$18.47M1.3%

GROWTH ETF$17.07M1.2%

Portfolio Concentration

Top 3$154.64M11.0%

4–10$138.38M9.9%

11–25$187.99M13.4%

Rest$920.70M65.7%

Top 3 weight

11.0%

Top 10 weight

20.9%

Voting Authority Distribution

Total shares with voting rights: 23.36M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

23.36M

% of voting shares100.0%

Investment Discretion (by position count)

Sole694

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings694

Rows:

APPLE INC

SOLE

COM

Shares391.42K

TypeSH

Market value$75.93M

5.42%

Sole

0.00

Shared

0.00

None

391.42K

MICROSOFT CORP

SOLE

COM

Shares131.18K

TypeSH

Market value$44.67M

3.19%

Sole

0.00

Shared

0.00

None

131.18K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares76.83K

TypeSH

Market value$34.04M

2.43%

Sole

0.00

Shared

0.00

None

76.83K

FIRST TR VALUE LINE DIVID IN

SOLE

SHS

Shares595.57K

TypeSH

Market value$23.88M

1.70%

Sole

0.00

Shared

0.00

None

595.57K

NVIDIA CORPORATION

SOLE

COM

Shares52.07K

TypeSH

Market value$22.03M

1.57%

Sole

0.00

Shared

0.00

None

52.07K

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares96.30K

TypeSH

Market value$21.21M

1.51%

Sole

0.00

Shared

0.00

None

96.30K

FIRST TR EXCHANGE-TRADED FD

SOLE

CAP STRENGTH ETF

Shares247.49K

TypeSH

Market value$18.58M

1.33%

Sole

0.00

Shared

0.00

None

247.49K

INVESCO QQQ TR

SOLE

UNIT SER 1

Shares49.99K

TypeSH

Market value$18.47M

1.32%

Sole

0.00

Shared

0.00

None

49.99K

AMAZON COM INC

SOLE

COM

Shares131.51K

TypeSH

Market value$17.14M

1.22%

Sole

0.00

Shared

0.00

None

131.51K

VANGUARD INDEX FDS

SOLE

GROWTH ETF

Shares60.32K

TypeSH

Market value$17.07M

1.22%

Sole

0.00

Shared

0.00

None

60.32K

ISHARES TR

SOLE

S&P 500 GRWT ETF

Shares234.72K

TypeSH

Market value$16.54M

1.18%

Sole

0.00

Shared

0.00

None

234.72K

ISHARES TR

SOLE

CORE S&P MCP ETF

Shares61.99K

TypeSH

Market value$16.21M

1.16%

Sole

0.00

Shared

0.00

None

61.99K

ISHARES TR

SOLE

CORE MSCI EAFE

Shares239.84K

TypeSH

Market value$16.19M

1.15%

Sole

0.00

Shared

0.00

None

239.84K

VANGUARD BD INDEX FDS

SOLE

TOTAL BND MRKT

Shares213.68K

TypeSH

Market value$15.53M

1.11%

Sole

0.00

Shared

0.00

None

213.68K

DIMENSIONAL ETF TRUST

SOLE

INTL CORE EQT MK

Shares469.41K

TypeSH

Market value$12.82M

0.91%

Sole

0.00

Shared

0.00

None

469.41K

ISHARES TR

SOLE

CORE S&P US GWT

Shares183.45K

TypeSH

Market value$12.40M

0.88%

Sole

0.00

Shared

0.00

None

183.45K

TESLA INC

SOLE

COM

Shares47.09K

TypeSH

Market value$12.33M

0.88%

Sole

0.00

Shared

0.00

None

47.09K

FIRST TR EXCHNG TRADED FD VI

SOLE

TCW OPPORTUNIS

Shares271.06K

TypeSH

Market value$11.97M

0.85%

Sole

0.00

Shared

0.00

None

271.06K

ISHARES TR

SOLE

S&P 500 VAL ETF

Shares73.72K

TypeSH

Market value$11.88M

0.85%

Sole

0.00

Shared

0.00

None

73.72K

SPDR GOLD TR

SOLE

GOLD SHS

Shares60.93K

TypeSH

Market value$10.89M

0.78%

Sole

0.00

Shared

0.00

None

60.93K

SPDR SER TR

SOLE

PRTFLO S&P500 GW

Shares175.31K

TypeSH

Market value$10.68M

0.76%

Sole

0.00

Shared

0.00

None

175.31K

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares77.53K

TypeSH

Market value$10.46M

0.75%

Sole

0.00

Shared

0.00

None

77.53K

FIRST TR EXCHNG TRADED FD VI

SOLE

TCW UNCONSTRAI

Shares429.45K

TypeSH

Market value$10.38M

0.74%

Sole

0.00

Shared

0.00

None

429.45K

SELECT SECTOR SPDR TR

SOLE

ENERGY

Shares127.41K

TypeSH

Market value$10.34M

0.74%

Sole

0.00

Shared

0.00

None

127.41K

SPDR SER TR

SOLE

S&P DIVID ETF

Shares78.11K

TypeSH

Market value$9.36M

0.67%

Sole

0.00

Shared

0.00

None

78.11K

Issuer	Class	Shares	Type	Value / Portfolio %	None
APPLE INCSOLE	COM	391.42K	SH	$75.93M 5.42%	391.42K
MICROSOFT CORPSOLE	COM	131.18K	SH	$44.67M 3.19%	131.18K
SPDR S&P 500 ETF TRSOLE	TR UNIT	76.83K	SH	$34.04M 2.43%	76.83K
FIRST TR VALUE LINE DIVID INSOLE	SHS	595.57K	SH	$23.88M 1.70%	595.57K
NVIDIA CORPORATIONSOLE	COM	52.07K	SH	$22.03M 1.57%	52.07K
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	96.30K	SH	$21.21M 1.51%	96.30K
FIRST TR EXCHANGE-TRADED FDSOLE	CAP STRENGTH ETF	247.49K	SH	$18.58M 1.33%	247.49K
INVESCO QQQ TRSOLE	UNIT SER 1	49.99K	SH	$18.47M 1.32%	49.99K
AMAZON COM INCSOLE	COM	131.51K	SH	$17.14M 1.22%	131.51K
VANGUARD INDEX FDSSOLE	GROWTH ETF	60.32K	SH	$17.07M 1.22%	60.32K
ISHARES TRSOLE	S&P 500 GRWT ETF	234.72K	SH	$16.54M 1.18%	234.72K
ISHARES TRSOLE	CORE S&P MCP ETF	61.99K	SH	$16.21M 1.16%	61.99K
ISHARES TRSOLE	CORE MSCI EAFE	239.84K	SH	$16.19M 1.15%	239.84K
VANGUARD BD INDEX FDSSOLE	TOTAL BND MRKT	213.68K	SH	$15.53M 1.11%	213.68K
DIMENSIONAL ETF TRUSTSOLE	INTL CORE EQT MK	469.41K	SH	$12.82M 0.91%	469.41K
ISHARES TRSOLE	CORE S&P US GWT	183.45K	SH	$12.40M 0.88%	183.45K
TESLA INCSOLE	COM	47.09K	SH	$12.33M 0.88%	47.09K
FIRST TR EXCHNG TRADED FD VISOLE	TCW OPPORTUNIS	271.06K	SH	$11.97M 0.85%	271.06K
ISHARES TRSOLE	S&P 500 VAL ETF	73.72K	SH	$11.88M 0.85%	73.72K
SPDR GOLD TRSOLE	GOLD SHS	60.93K	SH	$10.89M 0.78%	60.93K
SPDR SER TRSOLE	PRTFLO S&P500 GW	175.31K	SH	$10.68M 0.76%	175.31K
ISHARES TRSOLE	MSCI USA QLT FCT	77.53K	SH	$10.46M 0.75%	77.53K
FIRST TR EXCHNG TRADED FD VISOLE	TCW UNCONSTRAI	429.45K	SH	$10.38M 0.74%	429.45K
SELECT SECTOR SPDR TRSOLE	ENERGY	127.41K	SH	$10.34M 0.74%	127.41K
SPDR SER TRSOLE	S&P DIVID ETF	78.11K	SH	$9.36M 0.67%	78.11K

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