Financial Advocates Investment Management

Portfolio Overview

Financial Advocates Investment Management disclosed 104 positions worth $177.9M in its Form 13F-HR for Q3 2025, led by $AAPL (Apple Inc.) at 10.2% of the equity portfolio. During the quarter the fund opened 1 new position and exited 419. The portfolio is most concentrated in Other (82.1% of disclosed assets). All figures are sourced directly from Financial Advocates Investment Management’s Form 13F-HR filing with the SEC under CIK 1730293.

• 

  Apple Inc.

  $AAPL

  76.3#82

  Quality

  $18.2M71,372 sh

• SPDR GOLD TR

  —

  Quality

  $7.8M21,837 sh

• ISHARES TR

  —

  Quality

  $6.3M71,608 sh

• PIMCO ETF TR

  —

  Quality

  $6.0M59,889 sh

• ISHARES TR

  —

  Quality

  $5.7M8,485 sh

• ISHARES TR

  —

  Quality

  $4.7M101,424 sh

• INVESCO EXCHANGE TRADED FD T

  —

  Quality

  $4.6M80,409 sh

• PACER FDS TR

  —

  Quality

  $4.5M82,362 sh

• ISHARES TR

  —

  Quality

  $4.4M93,348 sh

• ISHARES TR

  —

  Quality

  $4.2M19,979 sh

Company	Quality	Value	Shares
Apple Inc.$AAPL	76.3#82	$18.2M	71,372
SPDR GOLD TR	—	$7.8M	21,837
ISHARES TR	—	$6.3M	71,608
PIMCO ETF TR	—	$6.0M	59,889
ISHARES TR	—	$5.7M	8,485
ISHARES TR	—	$4.7M	101,424
INVESCO EXCHANGE TRADED FD T	—	$4.6M	80,409
PACER FDS TR	—	$4.5M	82,362
ISHARES TR	—	$4.4M	93,348
ISHARES TR	—	$4.2M	19,979

Showing top 10 of 104 holdings.

Full Holdings — Financial Advocates Investment Management (Q3 2025)

All 104 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$AAPL	Apple Inc.	$18.2M	10.2%	-68%	76.3
2	—	SPDR GOLD TR	$7.8M	4.4%	-58%	—
3	—	ISHARES TR	$6.3M	3.5%	+0%	—
4	—	PIMCO ETF TR	$6.0M	3.4%	-18%	—
5	—	ISHARES TR	$5.7M	3.2%	-63%	—
6	—	ISHARES TR	$4.7M	2.7%	-21%	—
7	—	INVESCO EXCHANGE TRADED FD T	$4.6M	2.6%	-8%	—
8	—	PACER FDS TR	$4.5M	2.5%	-23%	—
9	—	ISHARES TR	$4.4M	2.5%	+4%	—
10	—	ISHARES TR	$4.2M	2.4%	-2%	—
11	—	VANGUARD INDEX FDS	$4.1M	2.3%	-87%	—
12	$SPY	SPDR S&P 500 ETF TRUST	$4.0M	2.2%	-91%	—
13	—	J P MORGAN EXCHANGE TRADED F	$3.9M	2.2%	-76%	—
14	—	VANGUARD BD INDEX FDS	$3.7M	2.1%	-66%	—
15	—	INVESCO EXCH TRADED FD TR II	$3.7M	2.0%	-14%	—
16	—	VANGUARD WORLD FD	$3.1M	1.8%	-7%	—
17	—	BLACKROCK ETF TRUST	$3.0M	1.7%	-2%	—
18	—	ISHARES TR	$3.0M	1.7%	-84%	—
19	—	INVESCO EXCH TRADED FD TR II	$3.0M	1.7%	-25%	—
20	—	ISHARES TR	$2.9M	1.6%	-43%	—
21	—	ETF SER SOLUTIONS	$2.8M	1.6%	-1%	—
22	—	ISHARES TR	$2.7M	1.5%	-11%	—
23	—	ISHARES TR	$2.5M	1.4%	-8%	—
24	—	ISHARES SILVER TR	$2.4M	1.4%	-45%	—
25	$MSFT	MICROSOFT CORP	$2.4M	1.3%	-91%	79.7
26	—	ISHARES TR	$2.4M	1.3%	-49%	—
27	—	ISHARES TR	$2.3M	1.3%	-89%	—
28	—	ISHARES TR	$2.2M	1.3%	-38%	—
29	—	ISHARES TR	$2.1M	1.2%	-83%	—
30	—	ISHARES TR	$2.0M	1.1%	+7%	—
31	—	ISHARES INC	$1.9M	1.1%	-90%	—
32	$META	Meta Platforms, Inc.	$1.7M	1.0%	-67%	79.6
33	$GOOGL	Alphabet Inc.	$1.7M	1.0%	-59%	78.1
34	—	SPROTT PHYSICAL SILVER TR	$1.7M	0.9%	+3%	—
35	—	PIMCO ETF TR	$1.5M	0.9%	+87%	—
36	$NVDA	NVIDIA CORP	$1.5M	0.9%	-97%	85.9
37	—	ISHARES TR	$1.4M	0.8%	-91%	—
38	$AMZN	AMAZON COM INC	$1.4M	0.8%	-89%	68.4
39	—	ISHARES TR	$1.4M	0.8%	-42%	—
40	—	PACER FDS TR	$1.3M	0.7%	-82%	—
41	—	VANGUARD INDEX FDS	$1.3M	0.7%	+37%	—
42	—	VANECK ETF TRUST	$1.3M	0.7%	-31%	—
43	—	BLACKROCK ETF TRUST	$1.3M	0.7%	-1%	—
44	—	VANGUARD WHITEHALL FDS	$1.2M	0.7%	-42%	—
45	—	BLACKROCK ETF TRUST II	$1.1M	0.6%	-23%	—
46	—	VANGUARD STAR FDS	$1.1M	0.6%	-7%	—
47	—	SELECT SECTOR SPDR TR	$1.0M	0.6%	-53%	—
48	—	VANGUARD INDEX FDS	$1.0M	0.6%	-78%	—
49	$GOOG	Alphabet Inc.	$1.0M	0.6%	-83%	78.1
50	—	VANGUARD WORLD FD	$958,162	0.5%	-31%	—
51	—	ISHARES GOLD TR	$952,122	0.5%	-57%	—
52	—	ISHARES TR	$901,833	0.5%	-78%	—
53	—	ISHARES TR	$892,939	0.5%	-30%	—
54	—	BLACKROCK ETF TRUST	$871,149	0.5%	+184%	—
55	—	CAPITAL GROUP DIVIDEND VALUE	$842,478	0.5%	-93%	—
56	—	AMPLIFY ETF TR	$816,875	0.5%	-15%	—
57	$TSLA	Tesla, Inc.	$813,837	0.5%	-96%	53.6
58	—	ISHARES TR	$799,819	0.5%	-62%	—
59	—	J P MORGAN EXCHANGE TRADED F	$799,110	0.5%	+13%	—
60	—	VANGUARD INDEX FDS	$793,693	0.5%	-76%	—
61	—	PACER FDS TR	$774,908	0.4%	-61%	—
62	—	CAPITAL GROUP GBL GROWTH EQT	$750,339	0.4%	-49%	—
63	—	ISHARES TR	$745,758	0.4%	-26%	—
64	—	GOLDMAN SACHS ETF TR	$731,081	0.4%	-48%	—
65	—	VANGUARD INTL EQUITY INDEX F	$717,263	0.4%	-73%	—
66	—	VANGUARD INTL EQUITY INDEX F	$715,805	0.4%	-35%	—
67	—	INVESCO EXCHANGE TRADED FD T	$688,310	0.4%	-62%	—
68	—	INVESCO QQQ TR	$661,889	0.4%	-93%	—
69	—	ISHARES TR	$651,895	0.4%	-7%	—
70	—	ISHARES TR	$615,648	0.3%	-57%	—
71	—	ISHARES TR	$594,849	0.3%	+11%	—
72	$COST	COSTCO WHOLESALE CORP /NEW	$543,951	0.3%	-86%	65.9
73	—	VANGUARD SPECIALIZED FUNDS	$507,191	0.3%	-53%	—
74	$V	VISA INC.	$488,721	0.3%	-91%	82.7
75	—	SCHWAB STRATEGIC TR	$440,154	0.3%	-83%	—
76	—	SELECT SECTOR SPDR TR	$419,787	0.2%	-37%	—
77	—	AMERICAN CENTY ETF TR	$417,560	0.2%	-29%	—
78	—	BLACKROCK ETF TRUST II	$390,873	0.2%	+38%	—
79	—	ISHARES TR	$390,152	0.2%	-5%	—
80	—	ISHARES TR	$381,399	0.2%	-31%	—
81	—	FRANKLIN TEMPLETON ETF TR	$375,094	0.2%	-68%	—
82	$BRK.B	BERKSHIRE HATHAWAY INC	$357,448	0.2%	-89%	73.6
83	$IBIT	iShares Bitcoin Trust ETF	$332,345	0.2%	-21%	—
84	—	DIMENSIONAL ETF TRUST	$327,382	0.2%	-90%	—
85	—	SELECT SECTOR SPDR TR	$306,525	0.2%	-91%	—
86	—	ISHARES TR	$298,940	0.2%	-99%	—
87	—	WISDOMTREE TR	$289,363	0.2%	-97%	—
88	—	ISHARES TR	$288,896	0.2%	-96%	—
89	—	PACER FDS TR	$283,505	0.2%	-87%	—
90	—	VANGUARD BD INDEX FDS	$264,979	0.1%	-94%	—
91	$NFLX	NETFLIX INC	$261,365	0.1%	-88%	78.6
92	—	PIMCO ETF TR	$258,335	0.1%	-20%	—
93	—	SCHWAB STRATEGIC TR	$252,731	0.1%	-86%	—
94	$ORCL	ORACLE CORP	$249,460	0.1%	-81%	68.2
95	$CTAS	CINTAS CORP	$246,394	0.1%	-59%	68.3
96	$RTX	RTX Corp	$233,760	0.1%	-77%	73.1
97	—	PULTE GROUP INC	$231,756	0.1%	NEW	—
98	$MPC	Marathon Petroleum Corp	$229,361	0.1%	-35%	60.8
99	—	ISHARES TR	$224,837	0.1%	-81%	—
100	—	AMERICAN CENTY ETF TR	$216,016	0.1%	+0%	—
101	—	J P MORGAN EXCHANGE TRADED F	$214,861	0.1%	-95%	—
102	$MA	Mastercard Inc	$211,906	0.1%	-82%	85
103	—	VANGUARD INDEX FDS	$202,975	0.1%	-93%	—
104	—	DIMENSIONAL ETF TRUST	$200,863	0.1%	-14%	—