Annapolis Financial Services, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 17, 2024), Annapolis Financial Services, LLC reported 355 stock positions worth $303.7 million. Its top holding was Avantis International Equity (AVDE) at 5.8% of the portfolio, followed by Vanguard Mrngstr Val ETF-Aui (VTV, 5.6%) and VG Morningstar TS MKT ETF-US (VTI, 4.9%). Compared with Q4 2023, it opened 13 new positions, sold out of 123, added to 41 and reduced 139. The biggest buy was Vngrd Mrngstr MG Cap ETF-Usd (MGC, shares +15%) and the biggest sale Dimensional US Core Equity M (DFAU, shares −77%).

Most Recent 13F
Q3 2024
Location
ANNAPOLIS, MD
CIK
0001843110
Portfolio Value
$303.7M (Q1 2024)
SEC Filing
0001843110-24-000003 ↗ filed Apr 17, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $303.7M $303.7M Q1 2024 Q2 2024: $308.7M Q2 2024 Q3 2024: $337.8M Q3 2024

Holdings 355 stocks · $303.7M
AVDE Avantis International Equity 5.83% 277,964 $17.7M Reduce -32.8%
VTV Vanguard Mrngstr Val ETF-Aui 5.58% 104,052 $16.9M Reduce -3.1%
VTI VG Morningstar TS MKT ETF-US 4.95% 57,798 $15.0M Reduce -2.5%
VEA Vanguard Ftse Developed ETF 4.66% 281,880 $14.1M Reduce -2.7%
VO Vngrd Mrngstr MD-Cap ETF-Usd 4.61% 56,001 $14.0M Reduce -15.1%
VCSH Vanguard S/T Corp. Bond ETF 3.95% 155,034 $12.0M Reduce -11.8%
VOE Vngrd Mrngstr MD-Cap Val ETF 3.75% 73,015 $11.4M Add +3.8%
MGC Vngrd Mrngstr MG Cap ETF-Usd 3.40% 55,266 $10.3M Add +14.8%
SCHP Schwab U.S. Tips ETF 3.04% 176,910 $9.2M Reduce -14.0%
VBR Vngrd Mrngst SL-CP Val ETF-U 2.99% 47,391 $9.1M Reduce -1.8%
DFAS Dimensional US Small Cap ETF 2.70% 131,730 $8.2M Reduce -26.1%
RSP Invesco S&P 500 Equal Weight 2.63% 47,236 $8.0M Add +1.0%
VB Vanguard Most SM-Cap ETF-Usd 2.43% 32,272 $7.4M Reduce -1.9%
AVEM Avantis Emerging Markets Eq 2.26% 118,425 $6.9M Reduce -14.0%
VOO Vanguard S&P 500 ETF 2.10% 13,248 $6.4M Reduce -6.9%
DFAU Dimensional US Core Equity M 2.04% 169,732 $6.2M Reduce -76.9%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 1.97% 50,107 $6.0M Add +22.5%
VWO Vanguard Ftse Emerging Marke 1.89% 137,366 $5.7M Reduce -2.4%
VUSB Vanguard Ultra Short Bond Et 1.74% 106,579 $5.3M Reduce -4.2%
IVV iShares Core S&P 500 ETF 1.72% 9,951 $5.2M Reduce -5.3%
VSS Vanguard Ftse All Wo X-US SC 1.59% 41,369 $4.8M Reduce -1.1%
DFCF Dimensional Core Fixed Inc. 1.48% 107,253 $4.5M Reduce -27.4%
SPDW Ste STR SPDR PT DW Eu ETF 1.46% 123,333 $4.4M No change
SPYV SS SPDR P S&P 500 Value ETF 1.37% 83,011 $4.2M Add +0.1%
IJH iShares Core S&P Midcap ETF 1.31% 65,725 $4.0M Reduce -4.3%
SLYV SS SPDR S&P 600 SC Val ETF 1.30% 47,573 $3.9M Add +0.0%
GWX State Street SPDR S&P Intern 1.29% 120,470 $3.9M No change
DFSV Dimensional US Small Cap Val 1.28% 129,305 $3.9M Reduce -3.2%
MDYV SS SPDR S&P 400 MC Val ETF 1.24% 49,729 $3.8M Add +0.1%
VCIT Vanguard Int-Term Corporate 1.14% 43,030 $3.5M Add +2.0%
DFGP Dimensional GLBL Core PL Fix 1.14% 64,857 $3.5M Add +38.7%
EFA iShares MSCI Eafe ETF 1.12% 42,591 $3.4M Reduce -1.6%
SPMD SS SPDR P S&P 400 Midcap ETF 1.10% 62,720 $3.3M Reduce -1.4%
IEFA iShares Core MSCI Eafe ETF 0.92% 37,721 $2.8M Add +4.9%
DFAE Dimensional Emerging Core Eq 0.78% 95,521 $2.4M Reduce -64.1%
SCHV Schwab US Large-Cap Value 0.74% 29,652 $2.3M Add +0.2%
IWS iShares Russell Mid-Cap Valu 0.69% 16,721 $2.1M No change
SPSM SS SPDR P S&P 600 Small Cap 0.67% 47,147 $2.0M Add +0.1%
DFAI Dimensional International Co. 0.61% 61,019 $1.8M Reduce -80.1%
DSI iShares ESG MSCI KLD 400 ETF 0.57% 17,286 $1.7M No change
SPTM SS SPDR P S&P 1500 Comp ETF 0.57% 26,861 $1.7M Reduce -0.2%
IEMG iShares Core MSCI Emerging 0.52% 30,689 $1.6M Add +2.0%
VTEB Vanguard Tax-Exempt Bond ETF 0.49% 29,489 $1.5M Add +3.5%
VMBS Vanguard Mortgage-Backed Sec 0.46% 30,561 $1.4M Reduce -33.7%
SPEM State Street SP PTF Em ETF 0.45% 38,072 $1.4M Add +0.4%
IJR iShares Core S&P Small-Cap E 0.44% 11,965 $1.3M Reduce -2.2%
DFAC Dimensional US Core Equity 2 0.42% 39,708 $1.3M Reduce -69.0%
DFSD Dimensional Short Duration 0.40% 25,707 $1.2M Reduce -88.8%
META Meta Platforms Inc. Class A 0.39% 2,421 $1.2M Reduce -28.3%
BND Vanguard Total Bond Market 0.37% 15,359 $1.1M Reduce -6.8%
AAPL Apple Inc. 0.36% 6,374 $1.1M Reduce -50.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.33% 1,892 $990K Reduce -54.8%
BNDX Vanguard Total Intl Bond ETF 0.32% 19,692 $969K Reduce -55.3%
MSFT Microsoft Corp. 0.30% 2,169 $912K Reduce -42.2%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.29% 3,618 $867K Reduce -11.0%
BRK.B Berkshire Hathaway Inc. Class B 0.27% 1,959 $824K Reduce -20.0%
SDG Ish MSCI Glob Sust Deve Goal 0.27% 10,400 $819K No change
DUHP Dimensional US High Profi Et 0.24% 23,363 $739K Reduce -45.7%
CUBE Cubesmart 0.24% 16,071 $727K No change
AVUV Avantis US Small Cap Value 0.21% 6,795 $637K Reduce -78.1%
BRK.A Berkshire Hathaway Inc. Class A 0.21% 1 $634K No change
VEU Vanguard Ftse All-World Ex-U 0.19% 9,713 $570K Add +12.7%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.16% 1,224 $487K No change
IWR iShares Russell Mid-Cap ETF 0.16% 5,752 $484K Reduce -64.2%
SPXN Proshares S&P 500 Ex-Financi 0.16% 4,278 $483K No change
IJS iShares S&P Small-Cap 600 Va 0.16% 4,686 $482K Reduce -6.3%
DFIP Dimensional Inflation-Protec 0.16% 11,468 $473K Reduce -83.1%
AVUS Avantis U.S. Equity ETF 0.15% 4,992 $447K Reduce -92.0%
AMZN Amazon.com Inc. 0.15% 2,459 $444K Reduce -29.7%
IGV iShares Expanded Tech-Softwa 0.14% 5,130 $437K Reduce -84.1%
BSV Vanguard Short-Term Bond ETF 0.14% 5,354 $410K Reduce -21.4%
DFAR Dimensional US Real Est ETF 0.13% 18,236 $408K Reduce -88.3%
SCHC Schwab Intl Small-Cap Equity 0.13% 11,193 $401K Reduce -5.9%
PNC PNC Financial Services Group 0.13% 2,434 $393K Reduce -7.1%
LULU Lululemon Athletica Inc. 0.13% 1,000 $391K No change
GOOG Alphabet Inc. Class C 0.12% 2,420 $368K Reduce -78.3%
AVDV Avantis Intl S/C Value ETF 0.11% 5,075 $334K Reduce -82.4%
HD Home Depot Inc. 0.11% 835 $320K Reduce -22.6%
XSD SS SPDR S&P Semiconductor 0.10% 1,306 $303K Reduce -1.9%
DFUS Dimensional US Eq MKT ETF 0.10% 5,301 $302K Reduce -87.5%
JPM JPMorgan Chase & Co. 0.09% 1,407 $282K Reduce -17.4%
LLY Eli Lilly & Co. 0.09% 355 $276K Reduce -53.2%
DIHP Dimensional International Hi 0.09% 9,956 $268K Reduce -53.6%
XLK SS Technology Select Sector 0.09% 1,250 $260K No change
HASI Ha Sustainable Infrastructur filed as HANNON ARMSTRONG SUST INFR C 0.08% 8,537 $242K No change
WMT Walmart Inc. 0.08% 3,942 $237K Reduce -56.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.07% 5,827 $221K Reduce -29.1%
DFAX Dimensional World Ex US Core 0.07% 8,435 $215K Reduce -80.5%
VIG Vanguard Dividend Apprec ETF 0.07% 1,122 $205K Add +567.9%
DFNM Dimensional National Muni BD 0.06% 3,867 $186K Reduce -85.1%
IWF iShares Russell 1000 Growth 0.06% 550 $185K No change
AVGE Avantis All Eqty Mrkts ETF 0.06% 2,531 $177K Reduce -60.5%
NEE Nextera Energy Inc. 0.06% 2,721 $174K No change
TRV The Travelers Cos Inc. 0.06% 743 $171K No change
PFM Invesco Dividend Achievers E 0.06% 4,000 $170K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.06% 1,661 $168K Reduce -79.2%
BTEK BlackRock Future Tech ETF 0.05% 6,314 $162K Reduce -56.8%
IPG Interpublic Group of Cos Inc. 0.05% 4,940 $161K No change
MRK Merck & Co. Inc. 0.05% 1,148 $151K Reduce -50.4%
GOOGL Alphabet Inc. Class A 0.05% 1,000 $151K Reduce -43.2%

Show all 355 holdings

Portfolio Sells Q4 2023 → Q1 2024
DFAU Dimensional US Core Equity M Reduce -76.9% 2.04% −4.08
DFSD Dimensional Short Duration Reduce -88.8% 0.40% −2.30
DFAI Dimensional International Co. Reduce -80.1% 0.61% −1.59
AVUS Avantis U.S. Equity ETF Reduce -92.0% 0.15% −1.12
DFAT Dimensional US Target Value Reduce -99.6% 0.01% −0.98
DFAE Dimensional Emerging Core Eq Reduce -64.1% 0.78% −0.83
DFAR Dimensional US Real Est ETF Reduce -88.3% 0.13% −0.75
DFIP Dimensional Inflation-Protec Reduce -83.1% 0.16% −0.55
DFAC Dimensional US Core Equity 2 Reduce -69.0% 0.42% −0.52
IGV iShares Expanded Tech-Softwa Reduce -84.1% 0.14% −0.51
AVUV Avantis US Small Cap Value Reduce -78.1% 0.21% −0.49
DFUS Dimensional US Eq MKT ETF Reduce -87.5% 0.10% −0.45
AVDE Avantis International Equity Reduce -32.8% 5.83% −0.43
DFUV Dimensional US Marketwide Va Sold out 0.00% −0.41
VNQ Vanguard Real Estate ETF Reduce -91.7% 0.04% −0.35
AVDV Avantis Intl S/C Value ETF Reduce -82.4% 0.11% −0.34
GOOG Alphabet Inc. Class C Reduce -78.3% 0.12% −0.27
DISV Dimensional International SM Reduce -92.0% 0.03% −0.26
AAPL Apple Inc. Reduce -50.2% 0.36% −0.26
DFNM Dimensional National Muni BD Reduce -85.1% 0.06% −0.25
BNDX Vanguard Total Intl Bond ETF Reduce -55.3% 0.32% −0.23
DFAX Dimensional World Ex US Core Reduce -80.5% 0.07% −0.19
VCEB Vanguard ESG US Corp. Bond Sold out 0.00% −0.19
SPY SS SPDR S&P 500 ETF Trust-US Reduce -54.8% 0.33% −0.17
SCHX Schwab US Large-Cap ETF Sold out 0.00% −0.17
AVSC Avantis US Small Cap Equity Sold out 0.00% −0.16
IWR iShares Russell Mid-Cap ETF Reduce -64.2% 0.16% −0.15
DFIV Dimensional International Va Sold out 0.00% −0.14
DFLV Dim US Large Cap Value ETF Reduce -94.5% 0.01% −0.13
TJX TJX Companies Inc. Reduce -79.2% 0.06% −0.13
BF.B Brown-Forman Corp. Class B Sold out 0.00% −0.13
CSCO Cisco Systems Inc. Reduce -89.7% 0.02% −0.13
UNP Union Pacific Corp. Reduce -91.7% 0.01% −0.10
DUSB Dimension Ultrashort Fi ETF Sold out 0.00% −0.10
DFCF Dimensional Core Fixed Inc. Reduce -27.4% 1.48% −0.09
VMBS Vanguard Mortgage-Backed Sec Reduce -33.7% 0.46% −0.08
EQT Eqt Corp. Reduce -76.7% 0.03% −0.07
GLD SPDR Gold Shares Reduce -84.9% 0.02% −0.07
DUHP Dimensional US High Profi Et Reduce -45.7% 0.24% −0.07
SCHA Schwab US Small-Cap ETF Sold out 0.00% −0.07
AMD Advanced Micro Devices Sold out 0.00% −0.06
MSFT Microsoft Corp. Reduce -42.2% 0.30% −0.05
AVRE Avantis Real Estate ETF Sold out 0.00% −0.05
SCHF Schwab Intl Equity ETF Reduce -91.3% 0.01% −0.05
DIHP Dimensional International Hi Reduce -53.6% 0.09% −0.05
XOM Exxon Mobil Corp. Reduce -91.1% 0.01% −0.05
V Visa Inc. Class A Reduce -67.5% 0.04% −0.05
FDS Factset Research Systems Inc. Sold out 0.00% −0.05
AVGE Avantis All Eqty Mrkts ETF Reduce -60.5% 0.06% −0.05
ADP Automatic Data Processing Reduce -89.1% 0.01% −0.05

Portfolio Buys Q4 2023 → Q1 2024
MGC Vngrd Mrngstr MG Cap ETF-Usd Add +14.8% 3.40% +1.36
VOE Vngrd Mrngstr MD-Cap Val ETF Add +3.8% 3.75% +1.19
MGV Vngrd Mrgstr MG CP VL ETF-Ui Add +22.5% 1.97% +0.85
RSP Invesco S&P 500 Equal Weight Add +1.0% 2.63% +0.79
DFGP Dimensional GLBL Core PL Fix Add +38.7% 1.14% +0.52
SPYV SS SPDR P S&P 500 Value ETF Add +0.1% 1.37% +0.40
MDYV SS SPDR S&P 400 MC Val ETF Add +0.1% 1.24% +0.33
SLYV SS SPDR S&P 600 SC Val ETF Add +0.0% 1.30% +0.31
IEFA iShares Core MSCI Eafe ETF Add +4.9% 0.92% +0.29
VCIT Vanguard Int-Term Corporate Add +2.0% 1.14% +0.28
SCHV Schwab US Large-Cap Value Add +0.2% 0.74% +0.22
SPSM SS SPDR P S&P 600 Small Cap Add +0.1% 0.67% +0.17
IEMG iShares Core MSCI Emerging Add +2.0% 0.52% +0.14
VTEB Vanguard Tax-Exempt Bond ETF Add +3.5% 0.49% +0.13
SPEM State Street SP PTF Em ETF Add +0.4% 0.45% +0.12
VEU Vanguard Ftse All-World Ex-U Add +12.7% 0.19% +0.07
VIG Vanguard Dividend Apprec ETF Add +567.9% 0.07% +0.06
GBTC Grayscale Bitcoin Trust ETF New 0.05% +0.05
AVGO Broadcom Inc. Add +38.0% 0.05% +0.03
VWOB Vanguard Emerg MKTS Gov BND New 0.02% +0.02
TIP iShares Tips Bond ETF Add +645.2% 0.02% +0.01
MAR Marriott International Class A New 0.01% +0.01
CDNS Cadence Design SYS Inc. New 0.01% +0.01
VTIP Vanguard Short-Term Tips Add +100.4% 0.02% +0.01
COST Costco Wholesale Corp. Add +2.3% 0.03% +0.01
DHR Danaher Corp. Add +58.9% 0.02% +0.01
AMP Ameriprise Financial Inc. Add +928.6% 0.01% +0.01
UNH Unitedhealth Group Inc. Add +57.9% 0.02% +0.01
VTES Vanguard SH Term Tax-Ex Bond New 0.01% +0.01
VRTX Vertex Pharmaceuticals Inc. New 0.01% +0.01
MCK McKesson Corp. New 0.01% +0.01
GEHC GE Healthcare Technology Add +171.9% 0.01% +0.01
HON Honeywell International Inc. Add +28.3% 0.02% +0.01
ACN Accenture PLC Class A Add +507.7% 0.01% +0.01
CMI Cummins Inc. New 0.01% +0.01
ICE Intercontinental Exchange Inc. Add +1018.8% 0.01% +0.01
ZTS Zoetis Inc. Add +32.4% 0.02% +0.01
PH Parker Hannifin Corp. Add +528.6% 0.01% +0.01
WFC Wells Fargo & Co. Add +0.3% 0.02% +0.01
AXP American Express Co. Add +17.8% 0.01% +0.01
NKE Nike Inc. Class B Add +440.0% 0.01% +0.01
MCHP Microchip Technology Inc. New 0.01% +0.01
BLK BlackRock Finance Inc. Add +2.7% 0.02% +0.01
IVW iShares S&P 500 Growth ETF Add +6.0% 0.02% +0.01
COF Capital One Financial Corp. Add +0.3% 0.02% +0.01
AMT American Tower Corp. Add +31.6% 0.01% +0.00
TMUS T-Mobile US Inc. New 0.00% +0.00
KR Kroger Co. Add +0.3% 0.01% +0.00
VLTO Veralto Corp. Add +59.6% 0.00% +0.00
MRO Marathon Oil Corp. New 0.00% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2024 467$337.8MAVDE, VO, VTV, VTI, MGC
Q2 2024 363$308.7MAVDE, VTV, VTI, VO, VEA
Q1 2024 355$303.7MAVDE, VTV, VTI, VEA, VO