Gray Wealth Management Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), Gray Wealth Management Inc. reported 132 stock positions worth $263.6 million. Its top holding was Vanguard Dividend Apprec ETF (VIG) at 11.0% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 8.7%) and iShares Core S&P 500 ETF (IVV, 7.0%). Compared with Q3 2024, it opened 2 new positions, sold out of 11, added to 75 and reduced 38. The biggest buy was Vanguard Mrngstar GR ETF-Sui (VUG, shares +9%) and the biggest sale Vanguard Health Care ETF (VHT, shares −1%).

Most Recent 13F
Q4 2024
Location
Bangor, ME
CIK
0001958397
Portfolio Value
$263.6M (Q4 2024)
SEC Filing
0001172661-25-000605 ↗ filed Feb 10, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $224.0M Q1 2024 Q2 2024: $231.8M Q2 2024 Q3 2024: $253.3M Q3 2024 Q4 2024: $263.6M $263.6M Q4 2024

Holdings 132 stocks · $263.6M
VIG Vanguard Dividend Apprec ETF 11.00% 148,029 $29.0M Add +4.6%
VUG Vanguard Mrngstar GR ETF-Sui 8.68% 55,742 $22.9M Add +8.8%
IVV iShares Core S&P 500 ETF 6.97% 31,223 $18.4M Reduce -0.3%
VB Vanguard Most SM-Cap ETF-Usd 4.00% 43,854 $10.5M Add +5.2%
AAPL Apple Inc. 3.95% 41,565 $10.4M Reduce -0.5%
VO Vngrd Mrngstr MD-Cap ETF-Usd 3.77% 37,657 $9.9M Add +4.7%
MGC Vngrd Mrngstr MG Cap ETF-Usd 3.29% 40,789 $8.7M Add +1.1%
VTV Vanguard Mrngstr Val ETF-Aui 3.07% 47,769 $8.1M Add +0.6%
MSFT Microsoft Corp. 2.59% 16,179 $6.8M Add +0.9%
QQQ Invesco QQQ Trust Series 1 2.39% 12,314 $6.3M Add +0.7%
VHT Vanguard Health Care ETF 2.17% 22,549 $5.7M Reduce -1.2%
VCSH Vanguard S/T Corp. Bond ETF 2.12% 71,521 $5.6M Add +17.5%
VTI VG Morningstar TS MKT ETF-US 2.02% 18,397 $5.3M Add +3.0%
PG The Procter & Gamble Co. 1.84% 28,923 $4.8M Reduce -0.2%
TIP iShares Tips Bond ETF 1.73% 42,675 $4.5M Add +3.3%
GOOGL Alphabet Inc. Class A 1.63% 22,735 $4.3M Add +3.8%
VCIT Vanguard Int-Term Corporate 1.50% 49,224 $4.0M Add +63.7%
BRK.B Berkshire Hathaway Inc. Class B 1.44% 8,359 $3.8M Add +3.3%
AMZN Amazon.com Inc. 1.43% 17,216 $3.8M Add +2.1%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 1.41% 29,779 $3.7M Reduce -1.7%
JPST JPMorgan Ultra-Short Income 1.40% 73,340 $3.7M Add +40.5%
WMT Walmart Inc. 1.22% 35,682 $3.2M Add +10.5%
IHI iShares U.S. Medical Devices 1.08% 49,011 $2.9M Add +14.3%
VGT Vanguard Info Tech ETF 1.05% 4,466 $2.8M Add +1.6%
JNJ Johnson & Johnson 1.05% 19,085 $2.8M Reduce -9.4%
V Visa Inc. Class A 0.99% 8,218 $2.6M Add +0.3%
VFH Vanguard Financials ETF 0.94% 21,057 $2.5M Add +4.1%
XOM Exxon Mobil Corp. 0.87% 21,333 $2.3M Add +11.0%
JPM JPMorgan Chase & Co. 0.85% 9,316 $2.2M Add +2.0%
BND Vanguard Total Bond Market 0.84% 30,852 $2.2M Reduce -2.9%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.74% 4,572 $1.9M Add +0.0%
VDE Vanguard Energy ETF 0.74% 15,994 $1.9M Add +15.5%
VDC Vanguard Consumer Staple ETF 0.68% 8,486 $1.8M Reduce -0.9%
SCHB Schwab US Broad Market ETF 0.66% 76,384 $1.7M Reduce -0.9%
NVDA Nvidia Corp. 0.64% 12,555 $1.7M Add +10.2%
QDF NT Qual Div ETF 0.63% 23,503 $1.7M Add +0.7%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.60% 4,572 $1.6M Add +1.5%
FTSM First Trust Enh Short Mat FD 0.59% 26,233 $1.6M Reduce -4.0%
SCHG Schwab US Large-Cap Growth 0.58% 55,143 $1.5M Add +2.6%
LMT Lockheed Martin Corp. 0.54% 2,926 $1.4M Add +0.5%
VPU Vanguard Utilities ETF 0.51% 8,289 $1.4M Add +13.6%
WELL Welltower Inc. 0.51% 10,687 $1.3M Reduce -2.3%
LLY Eli Lilly & Co. 0.50% 1,695 $1.3M Reduce -2.4%
VCR Vanguard Consumer Discre ETF 0.46% 3,243 $1.2M Add +16.4%
MO Altria Group Inc. 0.45% 22,464 $1.2M Add +2.8%
CAT Caterpillar Inc. 0.42% 3,024 $1.1M Reduce -1.9%
VT Vanguard Tot World STK ETF 0.39% 8,652 $1.0M Add +25.6%
IXUS iShares Core Intl Stock ETF 0.32% 12,730 $842K Add +24.4%
VIS Vanguard Industrials ETF 0.31% 3,231 $822K Add +1.3%
CVX Chevron Corp. 0.31% 5,556 $805K Reduce -4.0%
VYM Vanguard High DVD Yield ETF 0.31% 6,306 $805K Reduce -0.3%
T AT&T Inc. 0.29% 33,432 $761K Reduce -0.4%
ABBV Abbvie Inc. 0.28% 4,130 $734K Add +0.1%
VZ Verizon Communications Inc. 0.28% 18,271 $731K Add +3.1%
VCLT Vanguard Long-Term Corp. Bond 0.28% 9,756 $730K Add +57.2%
VAW Vanguard Materials ETF 0.27% 3,725 $700K No change
ET Energy Transfer LP 0.26% 35,615 $698K Add +43.1%
SPLV Invesco S&P 500 Low Volatili 0.26% 9,956 $697K Reduce -0.0%
KO The Coca-Cola Co. 0.25% 10,638 $662K Add +0.5%
MCD McDonald's Corp. 0.25% 2,275 $660K Add +0.4%
META Meta Platforms Inc. Class A 0.25% 1,118 $654K Add +3.7%
SCHV Schwab US Large-Cap Value 0.25% 24,947 $650K Reduce -2.0%
SCHP Schwab U.S. Tips ETF 0.22% 22,207 $574K Add +79.3%
XLP SS Consumer Staples Sel Sect 0.22% 7,251 $570K No change
HDV iShares Core High Dividend E 0.21% 5,032 $565K Reduce -3.0%
DUK Duke Energy Corp. 0.21% 5,136 $553K Add +0.2%
IYH iShares U.S. Healthcare ETF 0.21% 9,484 $553K Add +0.0%
VGIT Vanguard Intermediate-Term T 0.20% 9,123 $529K Add +32.2%
PM Philip Morris International 0.20% 4,314 $519K Add +2.3%
TT Trane Technologies PLC 0.19% 1,355 $500K Reduce -0.1%
SCHD Schwab US DVD Equity ETF 0.18% 17,741 $485K Reduce -44.1%
COST Costco Wholesale Corp. 0.18% 525 $481K Reduce -4.2%
IJR iShares Core S&P Small-Cap E 0.18% 4,117 $474K Add +0.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.18% 2,119 $466K Add +17.3%
SCHA Schwab US Small-Cap ETF 0.17% 17,300 $447K Add +6.1%
XLK SS Technology Select Sector 0.17% 1,918 $446K Reduce -15.6%
SCHX Schwab US Large-Cap ETF 0.17% 18,771 $435K Add +2.1%
CHI Calamos Convert Opport & Inc. 0.16% 35,661 $426K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.16% 724 $425K Reduce -0.4%
GD General Dynamics Corp. 0.16% 1,568 $413K Reduce -11.6%
BLK BlackRock Inc. 0.15% 388 $397K New
IVE iShares S&P 500 Value ETF 0.15% 2,034 $388K Add +1.7%
BX Blackstone Inc. 0.15% 2,223 $383K No change
UNH Unitedhealth Group Inc. 0.14% 751 $380K No change
FIS Fidelity National Info Serv 0.14% 4,653 $376K No change
CCI Crown Castle Inc. 0.14% 4,130 $375K Reduce -1.3%
TSLA Tesla Inc. 0.14% 915 $370K No change
XLY SS Consumer Disc Select Sect 0.14% 1,641 $368K No change
SCHW Schwab (charles) Corp. 0.14% 4,962 $367K Reduce -7.0%
PWR Quanta Services Inc. 0.14% 1,152 $364K No change
IJH iShares Core S&P Midcap ETF 0.14% 5,824 $363K Add +0.1%
FTSL First Trust Senior Loan ETF 0.14% 7,833 $362K Add +12.1%
UPS United Parcel Service Class B 0.13% 2,815 $355K Reduce -1.9%
AEP American Electric Power 0.13% 3,838 $354K Add +0.1%
OKE Oneok Inc. 0.13% 3,419 $343K Add +0.8%
AVGO Broadcom Inc. 0.13% 1,449 $336K Add +1.1%
PEP Pepsico Inc. 0.13% 2,177 $331K Reduce -1.7%
ENB Enbridge Inc. 0.13% 7,774 $330K Add +2.6%
AMGN Amgen Inc. 0.12% 1,242 $324K Add +0.2%
GOOG Alphabet Inc. Class C 0.12% 1,631 $311K Add +0.1%
PAYX Paychex Inc. 0.12% 2,195 $308K Reduce -4.3%
C Citigroup Inc. 0.12% 4,328 $305K Add +0.1%
RTX RTX Corp. 0.11% 2,563 $297K Add +0.1%
PODD Insulet Corp. 0.11% 1,090 $285K No change
AGG iShares Core U.S. Aggregate 0.11% 2,931 $284K No change
CRM Salesforce Inc. 0.11% 847 $283K Add +0.8%
MUB iShares National Muni Bond E 0.11% 2,615 $279K Add +2.2%
IYW iShares Ustechnology ETF 0.10% 1,732 $276K Add +1.8%
IYY iShares Dow Jones U.S. ETF 0.10% 1,841 $263K No change
IDXX Idexx Laboratories Inc. 0.10% 617 $255K No change
PFE Pfizer Inc. 0.10% 9,461 $251K Reduce -13.9%
ABT Abbott Laboratories 0.09% 2,201 $249K Reduce -1.6%
SO The Southern Co. 0.09% 2,988 $246K Reduce -0.3%
IYK iShares US Consumer Staples 0.09% 3,730 $245K Add +0.2%
IWC iShares Micro-Cap ETF 0.09% 1,867 $243K Add +2.0%
VOX Vanguard Communication Servi 0.09% 1,565 $243K Reduce -1.8%
SCHM Schwab US Mid Cap ETF 0.09% 8,670 $240K No change
DES Wisdomtree US Smallcap Divid 0.09% 6,796 $233K No change
LOW Lowe's Cos Inc. 0.09% 936 $231K Add +17.4%
HD Home Depot Inc. 0.09% 586 $228K New
WM Waste Management Inc. 0.08% 1,103 $223K Reduce -3.9%
IR Ingersoll-Rand Inc. 0.08% 2,444 $221K No change
COP Conocophillips 0.08% 2,171 $215K Add +5.0%
FDX FedEx Corp. 0.08% 760 $214K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.08% 4,857 $213K Reduce -4.3%
CSCO Cisco Systems Inc. 0.08% 3,561 $211K Reduce -9.8%
VEU Vanguard Ftse All-World Ex-U 0.08% 3,635 $209K Add +0.1%
VXUS Vanguard Total Intl Stock 0.08% 3,514 $207K Add +0.0%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.08% 1,037 $206K Add +3.8%
SHY iShares 1-3 Year Treasury Bo 0.08% 2,451 $201K Reduce -8.8%
F Ford Motor Co. filed as FORD MTR CO 0.04% 10,676 $106K Add +5.1%
TMC TMC the Metals Co. Inc. 0.01% 23,700 $27K Add +59.7%

Portfolio Sells Q3 2024 → Q4 2024
VHT Vanguard Health Care ETF Reduce -1.2% 2.17% −0.37
JNJ Johnson & Johnson Reduce -9.4% 1.05% −0.30
SCHD Schwab US DVD Equity ETF Reduce -44.1% 0.18% −0.17
IVV iShares Core S&P 500 ETF Reduce -0.3% 6.97% −0.16
PG The Procter & Gamble Co. Reduce -0.2% 1.84% −0.14
MGV Vngrd Mrgstr MG CP VL ETF-Ui Reduce -1.7% 1.41% −0.12
AMD Advanced Micro Devices Sold out 0.00% −0.12
LLY Eli Lilly & Co. Reduce -2.4% 0.50% −0.11
MRK Merck & Co. Inc. Sold out 0.00% −0.11
BND Vanguard Total Bond Market Reduce -2.9% 0.84% −0.10
CI The Cigna Group Sold out 0.00% −0.10
UNP Union Pacific Corp. Sold out 0.00% −0.09
XLI SS Industrial Select Sector Sold out 0.00% −0.09
MMM 3M Co. Sold out 0.00% −0.09
AMAT Applied Materials Inc. Sold out 0.00% −0.08
SLQD iShares 0-5 YR Inv GRD Corp. Sold out 0.00% −0.08
VLO Valero Energy Corp. Sold out 0.00% −0.08
INTC Intel Corp. Sold out 0.00% −0.08
VNQ Vanguard Real Estate ETF Sold out 0.00% −0.08
CAT Caterpillar Inc. Reduce -1.9% 0.42% −0.06
VDC Vanguard Consumer Staple ETF Reduce -0.9% 0.68% −0.06
GD General Dynamics Corp. Reduce -11.6% 0.16% −0.05
CCI Crown Castle Inc. Reduce -1.3% 0.14% −0.05
FTSM First Trust Enh Short Mat FD Reduce -4.0% 0.59% −0.05
WELL Welltower Inc. Reduce -2.3% 0.51% −0.04
XLK SS Technology Select Sector Reduce -15.6% 0.17% −0.03
CVX Chevron Corp. Reduce -4.0% 0.31% −0.03
PFE Pfizer Inc. Reduce -13.9% 0.10% −0.03
HDV iShares Core High Dividend E Reduce -3.0% 0.21% −0.03
PEP Pepsico Inc. Reduce -1.7% 0.13% −0.02
SCHV Schwab US Large-Cap Value Reduce -2.0% 0.25% −0.02
UPS United Parcel Service Class B Reduce -1.9% 0.13% −0.02
TT Trane Technologies PLC Reduce -0.1% 0.19% −0.02
SPLV Invesco S&P 500 Low Volatili Reduce -0.0% 0.26% −0.02
SCHB Schwab US Broad Market ETF Reduce -0.9% 0.66% −0.02
VYM Vanguard High DVD Yield ETF Reduce -0.3% 0.31% −0.01
SO The Southern Co. Reduce -0.3% 0.09% −0.01
SHY iShares 1-3 Year Treasury Bo Reduce -8.8% 0.08% −0.01
WM Waste Management Inc. Reduce -3.9% 0.08% −0.01
COST Costco Wholesale Corp. Reduce -4.2% 0.18% −0.01
ABT Abbott Laboratories Reduce -1.6% 0.09% −0.01
PAYX Paychex Inc. Reduce -4.3% 0.12% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.4% 0.16% −0.00
CSCO Cisco Systems Inc. Reduce -9.8% 0.08% −0.00
T AT&T Inc. Reduce -0.4% 0.29% −0.00
VOX Vanguard Communication Servi Reduce -1.8% 0.09% +0.00
BAC Bank of America Corp. Reduce -4.3% 0.08% +0.00
SCHW Schwab (charles) Corp. Reduce -7.0% 0.14% +0.00
AAPL Apple Inc. Reduce -0.5% 3.95% +0.11

Portfolio Buys Q3 2024 → Q4 2024
VUG Vanguard Mrngstar GR ETF-Sui Add +8.8% 8.68% +0.91
VCIT Vanguard Int-Term Corporate Add +63.7% 1.50% +0.50
JPST JPMorgan Ultra-Short Income Add +40.5% 1.40% +0.36
VCSH Vanguard S/T Corp. Bond ETF Add +17.5% 2.12% +0.21
GOOGL Alphabet Inc. Class A Add +3.8% 1.63% +0.20
WMT Walmart Inc. Add +10.5% 1.22% +0.19
AMZN Amazon.com Inc. Add +2.1% 1.43% +0.19
BLK BlackRock Inc. New 0.15% +0.15
ET Energy Transfer LP Add +43.1% 0.26% +0.11
V Visa Inc. Class A Add +0.3% 0.99% +0.10
NVDA Nvidia Corp. Add +10.2% 0.64% +0.09
VB Vanguard Most SM-Cap ETF-Usd Add +5.2% 4.00% +0.09
VCR Vanguard Consumer Discre ETF Add +16.4% 0.46% +0.09
JPM JPMorgan Chase & Co. Add +2.0% 0.85% +0.09
HD Home Depot Inc. New 0.09% +0.09
SCHP Schwab U.S. Tips ETF Add +79.3% 0.22% +0.09
IHI iShares U.S. Medical Devices Add +14.3% 1.08% +0.08
VCLT Vanguard Long-Term Corp. Bond Add +57.2% 0.28% +0.08
VDE Vanguard Energy ETF Add +15.5% 0.74% +0.07
VFH Vanguard Financials ETF Add +4.1% 0.94% +0.07
VT Vanguard Tot World STK ETF Add +25.6% 0.39% +0.06
VGIT Vanguard Intermediate-Term T Add +32.2% 0.20% +0.04
VGT Vanguard Info Tech ETF Add +1.6% 1.05% +0.04
QQQ Invesco QQQ Trust Series 1 Add +0.7% 2.39% +0.03
SCHG Schwab US Large-Cap Growth Add +2.6% 0.58% +0.03
AVGO Broadcom Inc. Add +1.1% 0.13% +0.03
VTI VG Morningstar TS MKT ETF-US Add +3.0% 2.02% +0.03
IXUS iShares Core Intl Stock ETF Add +24.4% 0.32% +0.03
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +4.7% 3.77% +0.03
MGK Vngrd Mrgstr MG CP GR ETF-Ui Add +1.5% 0.60% +0.02
IBM Intl Business Machines Corp. Add +17.3% 0.18% +0.02
CRM Salesforce Inc. Add +0.8% 0.11% +0.02
VPU Vanguard Utilities ETF Add +13.6% 0.51% +0.01
FTSL First Trust Senior Loan ETF Add +12.1% 0.14% +0.01
GOOG Alphabet Inc. Class C Add +0.1% 0.12% +0.01
C Citigroup Inc. Add +0.1% 0.12% +0.01
OKE Oneok Inc. Add +0.8% 0.13% +0.01
MO Altria Group Inc. Add +2.8% 0.45% +0.01
META Meta Platforms Inc. Class A Add +3.7% 0.25% +0.00
SCHA Schwab US Small-Cap ETF Add +6.1% 0.17% +0.00
TMC TMC the Metals Co. Inc. Add +59.7% 0.01% +0.00
ENB Enbridge Inc. Add +2.6% 0.13% +0.00
IWC iShares Micro-Cap ETF Add +2.0% 0.09% +0.00
IYW iShares Ustechnology ETF Add +1.8% 0.10% +0.00
LOW Lowe's Cos Inc. Add +17.4% 0.09% +0.00
SCHX Schwab US Large-Cap ETF Add +2.1% 0.17% +0.00
VBR Vngrd Mrngst SL-CP Val ETF-U Add +3.8% 0.08% −0.00
MGC Vngrd Mrngstr MG Cap ETF-Usd Add +1.1% 3.29% −0.00
F Ford Motor Co. Add +5.1% 0.04% −0.00
MUB iShares National Muni Bond E Add +2.2% 0.11% −0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q4 2024 132$263.6MVIG, VUG, IVV, VB, AAPL
Q3 2024 141$253.3MVIG, VUG, IVV, VB, AAPL
Q2 2024 133$231.8MVIG, VUG, IVV, VB, AAPL
Q1 2024 136$224.0MVIG, IVV, VUG, VB, VO