FINANCIAL ADVOCATES INVESTMENT MANAGEMENT

Filed: 11/6/2025ACC: 0001730293-25-000007

📋 What this filing means

FINANCIAL ADVOCATES INVESTMENT MANAGEMENT filed this quarterly 13F‑HR report disclosing 104 equity positions with a total reported market value of $177.88M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

104

Positions

$177.88M

Total AUM (reported)

1.93M

Total Shares

Allocation by class

COM$26.27M14.8%

GOLD SHS$7.76M4.4%

CORE 80/20 AGGRE$6.31M3.5%

ENHAN SHRT MA AC$6.03M3.4%

CORE S&P500 ETF$5.68M3.2%

TR UNIT$5.61M3.2%

CORE TOTAL USD$4.74M2.7%

Portfolio Concentration

Top 3$32.25M18.1%

4–10$34.20M19.2%

11–25$47.08M26.5%

Rest$64.35M36.2%

Top 3 weight

18.1%

Top 10 weight

37.4%

Voting Authority Distribution

Total shares with voting rights: 1.93M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

1.93M

% of voting shares100.0%

Investment Discretion (by position count)

Sole104

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings104

Rows:

APPLE INC

SOLE

COM

Shares71.37K

TypeSH

Market value$18.17M

10.22%

Sole

0.00

Shared

0.00

None

71.37K

SPDR GOLD TR

SOLE

GOLD SHS

Shares21.84K

TypeSH

Market value$7.76M

4.36%

Sole

0.00

Shared

0.00

None

21.84K

ISHARES TR

SOLE

CORE 80/20 AGGRE

Shares71.61K

TypeSH

Market value$6.31M

3.55%

Sole

0.00

Shared

0.00

None

71.61K

PIMCO ETF TR

SOLE

ENHAN SHRT MA AC

Shares59.89K

TypeSH

Market value$6.03M

3.39%

Sole

0.00

Shared

0.00

None

59.89K

ISHARES TR

SOLE

CORE S&P500 ETF

Shares8.48K

TypeSH

Market value$5.68M

3.19%

Sole

0.00

Shared

0.00

None

8.48K

ISHARES TR

SOLE

CORE TOTAL USD

Shares101.42K

TypeSH

Market value$4.74M

2.66%

Sole

0.00

Shared

0.00

None

101.42K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P 500 TOP 50

Shares80.41K

TypeSH

Market value$4.63M

2.60%

Sole

0.00

Shared

0.00

None

80.41K

PACER FDS TR

SOLE

TRENDP US LAR CP

Shares82.36K

TypeSH

Market value$4.51M

2.54%

Sole

0.00

Shared

0.00

None

82.36K

ISHARES TR

SOLE

CORE 40/60 MODER

Shares93.35K

TypeSH

Market value$4.44M

2.50%

Sole

0.00

Shared

0.00

None

93.35K

ISHARES TR

SOLE

US AER DEF ETF

Shares19.98K

TypeSH

Market value$4.18M

2.35%

Sole

0.00

Shared

0.00

None

19.98K

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares12.36K

TypeSH

Market value$4.06M

2.28%

Sole

0.00

Shared

0.00

None

12.36K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares5.93K

TypeSH

Market value$3.95M

2.22%

Sole

0.00

Shared

0.00

None

5.93K

J P MORGAN EXCHANGE TRADED F

SOLE

ACTIVE GROWTH

Shares41.41K

TypeSH

Market value$3.88M

2.18%

Sole

0.00

Shared

0.00

None

41.41K

VANGUARD BD INDEX FDS

SOLE

TOTAL BND MRKT

Shares49.25K

TypeSH

Market value$3.66M

2.06%

Sole

0.00

Shared

0.00

None

49.25K

INVESCO EXCH TRADED FD TR II

SOLE

S&P 500 MOMNTM

Shares30.19K

TypeSH

Market value$3.65M

2.05%

Sole

0.00

Shared

0.00

None

30.19K

VANGUARD WORLD FD

SOLE

UTILITIES ETF

Shares16.39K

TypeSH

Market value$3.11M

1.75%

Sole

0.00

Shared

0.00

None

16.39K

BLACKROCK ETF TRUST

SOLE

ISHARES US EQUIT

Shares50.98K

TypeSH

Market value$3.02M

1.70%

Sole

0.00

Shared

0.00

None

50.98K

ISHARES TR

SOLE

S&P 500 GRWT ETF

Shares24.99K

TypeSH

Market value$3.02M

1.70%

Sole

0.00

Shared

0.00

None

24.99K

INVESCO EXCH TRADED FD TR II

SOLE

NASDAQ 100 ETF

Shares12.01K

TypeSH

Market value$2.97M

1.67%

Sole

0.00

Shared

0.00

None

12.01K

ISHARES TR

SOLE

NATIONAL MUN ETF

Shares27.56K

TypeSH

Market value$2.94M

1.65%

Sole

0.00

Shared

0.00

None

27.56K

ETF SER SOLUTIONS

SOLE

AAM S&P 500

Shares79.72K

TypeSH

Market value$2.77M

1.56%

Sole

0.00

Shared

0.00

None

79.72K

ISHARES TR

SOLE

ISHS 1-5YR INVS

Shares51.40K

TypeSH

Market value$2.73M

1.53%

Sole

0.00

Shared

0.00

None

51.40K

ISHARES TR

SOLE

EAFE VALUE ETF

Shares37.33K

TypeSH

Market value$2.53M

1.42%

Sole

0.00

Shared

0.00

None

37.33K

ISHARES SILVER TR

SOLE

ISHARES

Shares57.48K

TypeSH

Market value$2.44M

1.37%

Sole

0.00

Shared

0.00

None

57.48K

MICROSOFT CORP

SOLE

COM

Shares4.56K

TypeSH

Market value$2.36M

1.33%

Sole

0.00

Shared

0.00

None

4.56K

Issuer	Class	Shares	Type	Value / Portfolio %	None
APPLE INCSOLE	COM	71.37K	SH	$18.17M 10.22%	71.37K
SPDR GOLD TRSOLE	GOLD SHS	21.84K	SH	$7.76M 4.36%	21.84K
ISHARES TRSOLE	CORE 80/20 AGGRE	71.61K	SH	$6.31M 3.55%	71.61K
PIMCO ETF TRSOLE	ENHAN SHRT MA AC	59.89K	SH	$6.03M 3.39%	59.89K
ISHARES TRSOLE	CORE S&P500 ETF	8.48K	SH	$5.68M 3.19%	8.48K
ISHARES TRSOLE	CORE TOTAL USD	101.42K	SH	$4.74M 2.66%	101.42K
INVESCO EXCHANGE TRADED FD TSOLE	S&P 500 TOP 50	80.41K	SH	$4.63M 2.60%	80.41K
PACER FDS TRSOLE	TRENDP US LAR CP	82.36K	SH	$4.51M 2.54%	82.36K
ISHARES TRSOLE	CORE 40/60 MODER	93.35K	SH	$4.44M 2.50%	93.35K
ISHARES TRSOLE	US AER DEF ETF	19.98K	SH	$4.18M 2.35%	19.98K
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	12.36K	SH	$4.06M 2.28%	12.36K
SPDR S&P 500 ETF TRSOLE	TR UNIT	5.93K	SH	$3.95M 2.22%	5.93K
J P MORGAN EXCHANGE TRADED FSOLE	ACTIVE GROWTH	41.41K	SH	$3.88M 2.18%	41.41K
VANGUARD BD INDEX FDSSOLE	TOTAL BND MRKT	49.25K	SH	$3.66M 2.06%	49.25K
INVESCO EXCH TRADED FD TR IISOLE	S&P 500 MOMNTM	30.19K	SH	$3.65M 2.05%	30.19K
VANGUARD WORLD FDSOLE	UTILITIES ETF	16.39K	SH	$3.11M 1.75%	16.39K
BLACKROCK ETF TRUSTSOLE	ISHARES US EQUIT	50.98K	SH	$3.02M 1.70%	50.98K
ISHARES TRSOLE	S&P 500 GRWT ETF	24.99K	SH	$3.02M 1.70%	24.99K
INVESCO EXCH TRADED FD TR IISOLE	NASDAQ 100 ETF	12.01K	SH	$2.97M 1.67%	12.01K
ISHARES TRSOLE	NATIONAL MUN ETF	27.56K	SH	$2.94M 1.65%	27.56K
ETF SER SOLUTIONSSOLE	AAM S&P 500	79.72K	SH	$2.77M 1.56%	79.72K
ISHARES TRSOLE	ISHS 1-5YR INVS	51.40K	SH	$2.73M 1.53%	51.40K
ISHARES TRSOLE	EAFE VALUE ETF	37.33K	SH	$2.53M 1.42%	37.33K
ISHARES SILVER TRSOLE	ISHARES	57.48K	SH	$2.44M 1.37%	57.48K
MICROSOFT CORPSOLE	COM	4.56K	SH	$2.36M 1.33%	4.56K

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