SINCERUS ADVISORY, LLC

Filed: 10/8/2025ACC: 0002050968-25-000002

📋 What this filing means

SINCERUS ADVISORY, LLC filed this quarterly 13F‑HR report disclosing 70 equity positions with a total reported market value of $116.75M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$116.75M

Total AUM (reported)

1.14M

Total Shares

Allocation by class

TR UNIT$20.32M17.4%

MSCI EAFE ETF$8.76M7.5%

RUS MID CAP ETF$6.93M5.9%

COM$5.15M4.4%

DIV APP ETF$4.18M3.6%

RUSSELL 2000 ETF$4.04M3.5%

VAN FTSE DEV MKT$3.89M3.3%

Portfolio Concentration

Top 3$36.01M30.8%

4–10$25.39M21.7%

11–25$29.66M25.4%

Rest$25.69M22.0%

Top 3 weight

30.8%

Top 10 weight

52.6%

Voting Authority Distribution

Total shares with voting rights: 1.14M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

1.14M

% of voting shares100.0%

Investment Discretion (by position count)

Sole70

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings70

Rows:

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares30.50K

TypeSH

Market value$20.32M

17.40%

Sole

0.00

Shared

0.00

None

30.50K

ISHARES TR

SOLE

MSCI EAFE ETF

Shares93.83K

TypeSH

Market value$8.76M

7.50%

Sole

0.00

Shared

0.00

None

93.83K

ISHARES TR

SOLE

RUS MID CAP ETF

Shares71.75K

TypeSH

Market value$6.93M

5.93%

Sole

0.00

Shared

0.00

None

71.75K

VANGUARD SPECIALIZED FUNDS

SOLE

DIV APP ETF

Shares19.39K

TypeSH

Market value$4.18M

3.58%

Sole

0.00

Shared

0.00

None

19.39K

ISHARES TR

SOLE

RUSSELL 2000 ETF

Shares16.68K

TypeSH

Market value$4.04M

3.46%

Sole

0.00

Shared

0.00

None

16.68K

VANGUARD TAX-MANAGED FDS

SOLE

VAN FTSE DEV MKT

Shares64.97K

TypeSH

Market value$3.89M

3.33%

Sole

0.00

Shared

0.00

None

64.97K

ISHARES TR

SOLE

CORE US AGGBD ET

Shares35.91K

TypeSH

Market value$3.60M

3.08%

Sole

0.00

Shared

0.00

None

35.91K

ISHARES TR

SOLE

NATIONAL MUN ETF

Shares32.48K

TypeSH

Market value$3.46M

2.96%

Sole

0.00

Shared

0.00

None

32.48K

VANGUARD MUN BD FDS

SOLE

TAX EXEMPT BD

Shares63.45K

TypeSH

Market value$3.18M

2.72%

Sole

0.00

Shared

0.00

None

63.45K

ISHARES TR

SOLE

ESG AW MSCI EAFE

Shares32.69K

TypeSH

Market value$3.04M

2.60%

Sole

0.00

Shared

0.00

None

32.69K

VANGUARD INDEX FDS

SOLE

MID CAP ETF

Shares9.74K

TypeSH

Market value$2.86M

2.45%

Sole

0.00

Shared

0.00

None

9.74K

SPDR GOLD TR

SOLE

GOLD SHS

Shares7.19K

TypeSH

Market value$2.55M

2.19%

Sole

0.00

Shared

0.00

None

7.19K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P500 EQL WGT

Shares13.02K

TypeSH

Market value$2.47M

2.12%

Sole

0.00

Shared

0.00

None

13.02K

ISHARES TR

SOLE

EAFE SML CP ETF

Shares27.69K

TypeSH

Market value$2.12M

1.82%

Sole

0.00

Shared

0.00

None

27.69K

ISHARES TR

SOLE

MSCI EMG MKT ETF

Shares39.65K

TypeSH

Market value$2.12M

1.81%

Sole

0.00

Shared

0.00

None

39.65K

J P MORGAN EXCHANGE TRADED F

SOLE

HEDGED EQUITY LA

Shares32.17K

TypeSH

Market value$2.09M

1.79%

Sole

0.00

Shared

0.00

None

32.17K

ISHARES TR

SOLE

JPMORGAN USD EMG

Shares21.79K

TypeSH

Market value$2.07M

1.78%

Sole

0.00

Shared

0.00

None

21.79K

VANGUARD SCOTTSDALE FDS

SOLE

INT-TERM CORP

Shares24.44K

TypeSH

Market value$2.06M

1.76%

Sole

0.00

Shared

0.00

None

24.44K

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE SMCAP ETF

Shares13.80K

TypeSH

Market value$1.97M

1.68%

Sole

0.00

Shared

0.00

None

13.80K

DIGITALOCEAN HLDGS INC

SOLE

COM

Shares54.14K

TypeSH

Market value$1.85M

1.58%

Sole

0.00

Shared

0.00

None

54.14K

SPDR SERIES TRUST

SOLE

BLOOMBERG HIGH Y

Shares17.55K

TypeSH

Market value$1.72M

1.47%

Sole

0.00

Shared

0.00

None

17.55K

NUSHARES ETF TR

SOLE

NUVEEN ESG LRGVL

Shares35.73K

TypeSH

Market value$1.57M

1.34%

Sole

0.00

Shared

0.00

None

35.73K

DIMENSIONAL ETF TRUST

SOLE

US CORE EQT MKT

Shares34.18K

TypeSH

Market value$1.56M

1.34%

Sole

0.00

Shared

0.00

None

34.18K

APPLE INC

SOLE

COM

Shares5.40K

TypeSH

Market value$1.37M

1.18%

Sole

0.00

Shared

0.00

None

5.40K

ISHARES TR

SOLE

RESIDENTIAL MULT

Shares15.02K

TypeSH

Market value$1.28M

1.09%

Sole

0.00

Shared

0.00

None

15.02K

Issuer	Class	Shares	Type	Value / Portfolio %	None
SPDR S&P 500 ETF TRSOLE	TR UNIT	30.50K	SH	$20.32M 17.40%	30.50K
ISHARES TRSOLE	MSCI EAFE ETF	93.83K	SH	$8.76M 7.50%	93.83K
ISHARES TRSOLE	RUS MID CAP ETF	71.75K	SH	$6.93M 5.93%	71.75K
VANGUARD SPECIALIZED FUNDSSOLE	DIV APP ETF	19.39K	SH	$4.18M 3.58%	19.39K
ISHARES TRSOLE	RUSSELL 2000 ETF	16.68K	SH	$4.04M 3.46%	16.68K
VANGUARD TAX-MANAGED FDSSOLE	VAN FTSE DEV MKT	64.97K	SH	$3.89M 3.33%	64.97K
ISHARES TRSOLE	CORE US AGGBD ET	35.91K	SH	$3.60M 3.08%	35.91K
ISHARES TRSOLE	NATIONAL MUN ETF	32.48K	SH	$3.46M 2.96%	32.48K
VANGUARD MUN BD FDSSOLE	TAX EXEMPT BD	63.45K	SH	$3.18M 2.72%	63.45K
ISHARES TRSOLE	ESG AW MSCI EAFE	32.69K	SH	$3.04M 2.60%	32.69K
VANGUARD INDEX FDSSOLE	MID CAP ETF	9.74K	SH	$2.86M 2.45%	9.74K
SPDR GOLD TRSOLE	GOLD SHS	7.19K	SH	$2.55M 2.19%	7.19K
INVESCO EXCHANGE TRADED FD TSOLE	S&P500 EQL WGT	13.02K	SH	$2.47M 2.12%	13.02K
ISHARES TRSOLE	EAFE SML CP ETF	27.69K	SH	$2.12M 1.82%	27.69K
ISHARES TRSOLE	MSCI EMG MKT ETF	39.65K	SH	$2.12M 1.81%	39.65K
J P MORGAN EXCHANGE TRADED FSOLE	HEDGED EQUITY LA	32.17K	SH	$2.09M 1.79%	32.17K
ISHARES TRSOLE	JPMORGAN USD EMG	21.79K	SH	$2.07M 1.78%	21.79K
VANGUARD SCOTTSDALE FDSSOLE	INT-TERM CORP	24.44K	SH	$2.06M 1.76%	24.44K
VANGUARD INTL EQUITY INDEX FSOLE	FTSE SMCAP ETF	13.80K	SH	$1.97M 1.68%	13.80K
DIGITALOCEAN HLDGS INCSOLE	COM	54.14K	SH	$1.85M 1.58%	54.14K
SPDR SERIES TRUSTSOLE	BLOOMBERG HIGH Y	17.55K	SH	$1.72M 1.47%	17.55K
NUSHARES ETF TRSOLE	NUVEEN ESG LRGVL	35.73K	SH	$1.57M 1.34%	35.73K
DIMENSIONAL ETF TRUSTSOLE	US CORE EQT MKT	34.18K	SH	$1.56M 1.34%	34.18K
APPLE INCSOLE	COM	5.40K	SH	$1.37M 1.18%	5.40K
ISHARES TRSOLE	RESIDENTIAL MULT	15.02K	SH	$1.28M 1.09%	15.02K

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