MCF Advisors LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 16, 2024), MCF Advisors LLC reported 986 stock positions worth $1.3 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 22.0% of the portfolio, followed by iShares US Treasury Bond ETF (GOVT, 7.4%) and iShares Core MSCI Dev MKTS (IDEV, 7.3%). Compared with Q4 2023, it opened 130 new positions, sold out of 49, added to 271 and reduced 204. The biggest buy was SS SPDR P St C Corp. ETF (SPSB, shares +12%) and the biggest sale Apple (AAPL, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- LEXINGTON, KY
- CIK
- 0001602905
- Portfolio Value
- $1.3B (Q1 2024)
- SEC Filing
- 0001602905-24-000003 ↗ filed Apr 16, 2024
Holdings Value
Holdings 986 stocks · $1.3B
| VOO Vanguard S&P 500 ETF | 21.97% | 590,185 | $283.7M | Reduce -4.2% |
| GOVT iShares US Treasury Bond ETF | 7.40% | 4,194,589 | $95.5M | Add +7.0% |
| IDEV iShares Core MSCI Dev MKTS | 7.28% | 1,399,766 | $94.0M | Add +1.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 6.83% | 168,313 | $88.2M | Reduce -2.1% |
| IEMG iShares Core MSCI Emerging | 4.80% | 1,200,921 | $62.0M | Add +2.2% |
| IJH iShares Core S&P Midcap ETF | 4.62% | 981,081 | $59.6M | Reduce -2.7% |
| SCHO Schwab Short-Term US Treas | 4.20% | 1,124,007 | $54.2M | Add +4.3% |
| SPSB SS SPDR P St C Corp. ETF | 4.19% | 1,815,678 | $54.1M | Add +12.4% |
| IVV iShares Core S&P 500 ETF | 2.95% | 72,510 | $38.1M | Reduce -0.1% |
| IEFA iShares Core MSCI Eafe ETF | 2.65% | 461,693 | $34.3M | Reduce -2.6% |
| IJR iShares Core S&P Small-Cap E | 2.50% | 291,936 | $32.3M | Add +1.3% |
| USIG iShares Broad Usd Investment | 2.44% | 620,649 | $31.5M | Add +7.5% |
| AAPL Apple Inc. | 1.20% | 90,321 | $15.5M | Reduce -1.7% |
| BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS | 1.18% | 772,777 | $15.3M | Add +7.4% |
| IBDQ iShares Ibonds Dec 2025 Term | 1.07% | 556,516 | $13.8M | Add +0.2% |
| EFA iShares MSCI Eafe ETF | 1.07% | 172,791 | $13.8M | Reduce -1.2% |
| SCHX Schwab US Large-Cap ETF | 1.04% | 216,456 | $13.4M | Reduce -8.8% |
| MSFT Microsoft Corp. | 1.04% | 31,777 | $13.4M | Reduce -2.7% |
| MDY State Street SPDR S&P Midcap | 1.01% | 23,316 | $13.0M | Reduce -0.4% |
| IWM iShares Russell 2000 ETF | 0.83% | 50,940 | $10.7M | Reduce -18.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.80% | 30,056 | $10.3M | Add +0.3% |
| IBDP iShares Ibonds Dec 2024 Term | 0.73% | 374,003 | $9.4M | Reduce -0.6% |
| PG The Procter & Gamble Co. | 0.52% | 41,488 | $6.7M | Reduce -2.0% |
| IBDR iShares Ibonds Dec 2026 Term | 0.50% | 272,144 | $6.5M | Add +11.8% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.46% | 64,185 | $5.9M | Add +7.0% |
| NVDA Nvidia Corp. | 0.41% | 5,810 | $5.2M | Reduce -4.5% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.40% | 218,128 | $5.2M | Add +3.1% |
| AMZN Amazon.com Inc. | 0.31% | 22,024 | $4.0M | Reduce -6.6% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.30% | 156,800 | $3.9M | Add +4.5% |
| VWO Vanguard Ftse Emerging Marke | 0.29% | 89,883 | $3.8M | Add +7.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.27% | 7,764 | $3.4M | Reduce -1.6% |
| IBDU iShares Ibonds Dec 2029 Term | 0.26% | 145,816 | $3.3M | Add +14.9% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.25% | 151,504 | $3.2M | Add +1.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.24% | 19,201 | $3.1M | Add +1.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.24% | 7,288 | $3.1M | Reduce -9.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.24% | 11,720 | $3.0M | Reduce -1.5% |
| HLMN Hillman Solutions Corp. | 0.22% | 262,498 | $2.8M | Reduce -5.9% |
| V Visa Inc. Class A | 0.21% | 9,916 | $2.8M | Reduce -1.7% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.21% | 133,485 | $2.7M | Add +3.6% |
| SPHY SS SPDR P High Yield ETF | 0.21% | 116,044 | $2.7M | Reduce -1.4% |
| GOOGL Alphabet Inc. Class A | 0.19% | 16,553 | $2.5M | Reduce -12.2% |
| JPM JPMorgan Chase & Co. | 0.19% | 12,199 | $2.4M | Reduce -43.6% |
| HD Home Depot Inc. | 0.19% | 6,329 | $2.4M | Reduce -0.8% |
| IWP iShares Russell Mid-Cap Grow | 0.18% | 20,791 | $2.4M | Add +0.0% |
| META Meta Platforms Inc. Class A | 0.18% | 4,740 | $2.3M | Reduce -3.8% |
| IBDX iShares Ibonds Dec 2032 TC | 0.18% | 92,402 | $2.3M | Add +4.0% |
| XOM Exxon Mobil Corp. | 0.17% | 19,318 | $2.2M | Reduce -3.3% |
| JNJ Johnson & Johnson | 0.17% | 14,181 | $2.2M | Reduce -10.1% |
| LLY Eli Lilly & Co. | 0.17% | 2,855 | $2.2M | Add +5.3% |
| MRK Merck & Co. Inc. | 0.17% | 16,603 | $2.2M | Add +5.1% |
| MCO Moody's Corp. | 0.17% | 5,509 | $2.2M | Reduce -5.0% |
| MVIS Microvision Inc. | 0.14% | 1,012,648 | $1.9M | Add +0.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.14% | 48,583 | $1.8M | Add +34.1% |
| AVGO Broadcom Inc. | 0.14% | 1,388 | $1.8M | Reduce -2.0% |
| TMO Thermo Fisher Scientific Inc. | 0.13% | 2,976 | $1.7M | Reduce -0.6% |
| TYL Tyler Technologies Inc. | 0.13% | 4,030 | $1.7M | Reduce -8.2% |
| IBDY iShares Ibonds Dec 2033 Corp. | 0.13% | 65,228 | $1.7M | Add +11.6% |
| CINF Cincinnati Financial Corp. | 0.13% | 13,012 | $1.6M | Add +0.0% |
| PEP Pepsico Inc. | 0.13% | 9,227 | $1.6M | Add +3.7% |
| ABBV Abbvie Inc. | 0.12% | 8,850 | $1.6M | Reduce -0.3% |
| FITB Fifth Third Bancorp | 0.12% | 41,594 | $1.6M | Add +0.8% |
| MUB iShares National Muni Bond E | 0.12% | 14,021 | $1.5M | Add +0.2% |
| CVX Chevron Corp. | 0.12% | 9,437 | $1.5M | Add +0.7% |
| SPR Spirit Aerosystems Hold Class A | 0.12% | 41,228 | $1.5M | Add +0.8% |
| INTC Intel Corp. | 0.11% | 33,300 | $1.5M | Add +46.3% |
| VYM Vanguard High DVD Yield ETF | 0.11% | 12,148 | $1.5M | Reduce -2.2% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.11% | 40,066 | $1.4M | Reduce -8.6% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 0.11% | 14,332 | $1.4M | Reduce -13.2% |
| MCD McDonald's Corp. | 0.11% | 5,051 | $1.4M | Reduce -1.0% |
| HUM Humana Inc. | 0.10% | 3,863 | $1.3M | Add +36.4% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.10% | 26,347 | $1.3M | Add +562.3% |
| TFC Truist Financial Corp. | 0.10% | 33,735 | $1.3M | No change |
| CSCO Cisco Systems Inc. | 0.10% | 25,990 | $1.3M | Add +8.3% |
| UNH Unitedhealth Group Inc. | 0.10% | 2,499 | $1.2M | Reduce -3.2% |
| AMGN Amgen Inc. | 0.09% | 4,308 | $1.2M | Add +3.5% |
| CATH Global X S&P 500 Ca Val ETF | 0.09% | 19,091 | $1.2M | Reduce -2.0% |
| TEAM Atlassian Corp. Class A | 0.09% | 6,126 | $1.2M | No change |
| BA The Boeing Co. | 0.09% | 6,105 | $1.2M | Add +381.1% |
| NEE Nextera Energy Inc. | 0.09% | 18,170 | $1.2M | Reduce -14.7% |
| HRL Hormel Foods Corp. | 0.09% | 32,822 | $1.1M | Reduce -6.2% |
| IJS iShares S&P Small-Cap 600 Va | 0.09% | 10,882 | $1.1M | Reduce -2.1% |
| ETN Eaton Corp. PLC | 0.09% | 3,518 | $1.1M | Reduce -0.9% |
| PSX Phillips 66 | 0.08% | 6,635 | $1.1M | Reduce -1.4% |
| PNC PNC Financial Services Group | 0.08% | 6,702 | $1.1M | Add +98.0% |
| QCOM Qualcomm Inc. | 0.08% | 6,325 | $1.1M | Reduce -1.3% |
| UNP Union Pacific Corp. | 0.08% | 4,317 | $1.1M | Reduce -1.9% |
| WMT Walmart Inc. | 0.08% | 17,470 | $1.1M | Reduce -4.0% |
| ORLY O'reilly Automotive Inc. | 0.08% | 912 | $1.0M | Add +12.3% |
| IGLB iShares 10+ Year Inv GR Corp. | 0.08% | 19,749 | $1.0M | Add +81.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.08% | 8,297 | $1.0M | Reduce -4.0% |
| RTX RTX Corp. | 0.07% | 9,751 | $951K | Reduce -0.8% |
| CMCSA Comcast Corp. Class A | 0.07% | 21,936 | $951K | Reduce -6.5% |
| IWS iShares Russell Mid-Cap Valu | 0.07% | 7,440 | $932K | Add +0.7% |
| GOOG Alphabet Inc. Class C | 0.07% | 6,072 | $925K | Reduce -5.3% |
| KO The Coca-Cola Co. | 0.07% | 14,903 | $917K | Add +7.4% |
| SCHM Schwab US Mid Cap ETF | 0.07% | 11,228 | $914K | Reduce -14.6% |
| NKE Nike Inc. Class B | 0.07% | 9,355 | $881K | Reduce -13.8% |
| XLK SS Technology Select Sector | 0.07% | 4,116 | $857K | No change |
| IVE iShares S&P 500 Value ETF | 0.07% | 4,553 | $851K | No change |
| IVW iShares S&P 500 Growth ETF | 0.06% | 9,705 | $819K | Reduce -13.1% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $5K (not counted above)
Lines left out (4) · $400 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| PNNT Pennantpark Investment Corp. | COM | 0 | $233 |
| NAT Nordic American Tankers Ltd. | COM | 0 | $164 |
| ECC Eagle Point Credit Co. | COM | 0 | $2 |
| SCHZ Schwab US Aggregate Bond ETF | US AGGREGATE B | 0 | $1 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $1.3B.
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -1.7% | 1.20% | −0.25 |
| SPIB SS SPDR P Int C Corp. ETF | Sold out | 0.00% | −0.20 |
| IWM iShares Russell 2000 ETF | Reduce -18.1% | 0.83% | −0.19 |
| JPM JPMorgan Chase & Co. | Reduce -43.6% | 0.19% | −0.11 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -2.6% | 2.65% | −0.07 |
| NIO Nio Inc. - ADR | Reduce -17.0% | 0.04% | −0.06 |
| SCHX Schwab US Large-Cap ETF | Reduce -8.8% | 1.04% | −0.05 |
| TGT Target Corp. | Reduce -96.5% | 0.00% | −0.04 |
| IBDP iShares Ibonds Dec 2024 Term | Reduce -0.6% | 0.73% | −0.04 |
| VXF Vanguard Extended Market ETF | Reduce -60.8% | 0.02% | −0.03 |
| UAL United Airlines Holdings Inc. | Reduce -93.4% | 0.00% | −0.03 |
| JNJ Johnson & Johnson | Reduce -10.1% | 0.17% | −0.03 |
| NKE Nike Inc. Class B | Reduce -13.8% | 0.07% | −0.03 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -13.2% | 0.11% | −0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -12.2% | 0.19% | −0.02 |
| TYL Tyler Technologies Inc. | Reduce -8.2% | 0.13% | −0.02 |
| AGG iShares Core U.S. Aggregate | Reduce -17.7% | 0.06% | −0.02 |
| MCO Moody's Corp. | Reduce -5.0% | 0.17% | −0.02 |
| NEE Nextera Energy Inc. | Reduce -14.7% | 0.09% | −0.02 |
| GE General Electric | Reduce -50.2% | 0.03% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -3.2% | 0.10% | −0.02 |
| SPHY SS SPDR P High Yield ETF | Reduce -1.4% | 0.21% | −0.01 |
| F Ford Motor Co. | Reduce -21.8% | 0.06% | −0.01 |
| LEN Lennar Corp. Class A | Reduce -75.2% | 0.01% | −0.01 |
| MCD McDonald's Corp. | Reduce -1.0% | 0.11% | −0.01 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -16.9% | 0.06% | −0.01 |
| AXP American Express Co. | Reduce -30.9% | 0.05% | −0.01 |
| DFAU Dimensional US Core Equity M | Sold out | 0.00% | −0.01 |
| MKL Markel Group Inc. | Reduce -27.1% | 0.03% | −0.01 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -8.6% | 0.11% | −0.01 |
| PULS Pgim Ultra Short Bond ETF | Reduce -24.5% | 0.03% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -6.5% | 0.07% | −0.01 |
| SCHM Schwab US Mid Cap ETF | Reduce -14.6% | 0.07% | −0.01 |
| PTON Peloton Interactive Inc. Class A | Reduce -74.7% | 0.00% | −0.01 |
| ADBE Adobe Inc. | Reduce -20.4% | 0.02% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -28.7% | 0.04% | −0.01 |
| PFE Pfizer Inc. | Reduce -7.7% | 0.05% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -1.2% | 1.07% | −0.01 |
| FARADAY FUTURE INTLGT ELEC I | Reduce -2.9% | 0.00% | −0.01 |
| COF Capital One Financial Corp. | Reduce -38.6% | 0.02% | −0.01 |
| PCAR Paccar Inc. | Reduce -63.7% | 0.01% | −0.01 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -2.1% | 0.09% | −0.01 |
| PECO Phillips Edison & Company Inc. | Reduce -31.3% | 0.01% | −0.01 |
| CAT Caterpillar Inc. | Reduce -28.4% | 0.04% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -19.1% | 0.04% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -4.2% | 21.97% | −0.01 |
| UNP Union Pacific Corp. | Reduce -1.9% | 0.08% | −0.01 |
| GS Goldman Sachs Group Inc. | Reduce -17.9% | 0.03% | −0.01 |
| BN Brookfield Corp. | Reduce -69.9% | 0.00% | −0.01 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| SPSB SS SPDR P St C Corp. ETF | Add +12.4% | 4.19% | +0.25 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +562.3% | 0.10% | +0.09 |
| IDEV iShares Core MSCI Dev MKTS | Add +1.0% | 7.28% | +0.07 |
| BA The Boeing Co. | Add +381.1% | 0.09% | +0.06 |
| BCI Abrdn Bloomberg All Commodit | Add +7.4% | 1.18% | +0.04 |
| BAC Bank of America Corp. | Add +34.1% | 0.14% | +0.04 |
| LLY Eli Lilly & Co. | Add +5.3% | 0.17% | +0.04 |
| AFG American Financial Group Inc. | Add +5862.3% | 0.04% | +0.04 |
| PNC PNC Financial Services Group | Add +98.0% | 0.08% | +0.04 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +0.3% | 0.80% | +0.04 |
| IGLB iShares 10+ Year Inv GR Corp. | Add +81.7% | 0.08% | +0.03 |
| MRK Merck & Co. Inc. | Add +5.1% | 0.17% | +0.03 |
| IBDR iShares Ibonds Dec 2026 Term | Add +11.8% | 0.50% | +0.03 |
| DOL Wisdomtree TR DVLP Intnl-Usd | New | 0.03% | +0.03 |
| OKTA Okta Inc. | New | 0.02% | +0.02 |
| USIG iShares Broad Usd Investment | Add +7.5% | 2.44% | +0.02 |
| INTC Intel Corp. | Add +46.3% | 0.11% | +0.02 |
| IBDU iShares Ibonds Dec 2029 Term | Add +14.9% | 0.26% | +0.02 |
| ETSY Etsy Inc. | Add +23542.9% | 0.02% | +0.02 |
| ORLY O'reilly Automotive Inc. | Add +12.3% | 0.08% | +0.02 |
| CINF Cincinnati Financial Corp. | Add +0.0% | 0.13% | +0.02 |
| GOVT iShares US Treasury Bond ETF | Add +7.0% | 7.40% | +0.02 |
| RBTC Rubicon Technologies Inc. | New | 0.01% | +0.01 |
| MPC Marathon Petroleum Corp. | Add +0.1% | 0.06% | +0.01 |
| SDY SS SPDR S&P Dividend ETF | Add +54.3% | 0.04% | +0.01 |
| PLTR Palantir Technologies Inc. Class A | Add +0.5% | 0.06% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +1.9% | 0.24% | +0.01 |
| FBTC Fidelity Wise Origin Bitcoin | New | 0.01% | +0.01 |
| CCI Crown Castle Inc. | Add +45.3% | 0.05% | +0.01 |
| FANG Diamondback Energy Inc. | Add +60.2% | 0.02% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +7.5% | 0.29% | +0.01 |
| SPR Spirit Aerosystems Hold Class A | Add +0.8% | 0.12% | +0.01 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +7.0% | 0.46% | +0.01 |
| NFLX Netflix Inc. | Add +0.2% | 0.05% | +0.01 |
| WM Waste Management Inc. | Add +0.2% | 0.06% | +0.01 |
| IWP iShares Russell Mid-Cap Grow | Add +0.0% | 0.18% | +0.01 |
| MO Altria Group Inc. | Add +13.0% | 0.04% | +0.01 |
| KHC The Kraft Heinz Co. | Add +2049.0% | 0.01% | +0.01 |
| KMB Kimberly-Clark Corp. | Add +12.0% | 0.05% | +0.01 |
| PGR Progressive Corp. | Add +0.5% | 0.03% | +0.01 |
| VLO Valero Energy Corp. | Add +38.3% | 0.01% | +0.01 |
| C Citigroup Inc. | Add +0.5% | 0.04% | +0.01 |
| CEG Constellation Energy | Add +0.2% | 0.02% | +0.01 |
| ENB Enbridge Inc. | Add +318.0% | 0.01% | +0.01 |
| IBDY iShares Ibonds Dec 2033 Corp. | Add +11.6% | 0.13% | +0.01 |
| IEF iShares 7-10 Year Treasury B | Add +225.7% | 0.01% | +0.00 |
| AMD Advanced Micro Devices | Add +6.5% | 0.02% | +0.00 |
| TROW T Rowe Price Group Inc. | Add +1.6% | 0.06% | +0.00 |
| PAYX Paychex Inc. | Add +117.2% | 0.01% | +0.00 |
| KO The Coca-Cola Co. | Add +7.4% | 0.07% | +0.00 |
Notes & Other Activity Q4 2023 → Q1 2024
| EVLVW Evolv Technologies -CW26 | *W EXP 07/16/202 | Add +100.0% | 8,000 | $5K |
| PNNT Pennantpark Investment Corp. | COM | New | 0 | $233 |
| NAT Nordic American Tankers Ltd. | COM | New | 0 | $164 |
| ASG Liberty All-Star Growth FD | COM | Sold out | 0 | $139before exit |
| BAX Baxter International Inc. | COM | Sold out | 0 | $10before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,394 | $2.8B | VOO, IDEV, SPY, SCHO, SPSB |
| Q1 2026 | 1,332 | $2.3B | VOO, IDEV, SPY, GOVT, SPSB |
| Q4 2025 | 1,130 | $1.8B | VOO, IDEV, GOVT, SPY, SPSB |
| Q3 2025 | 963 | $1.6B | VOO, IDEV, GOVT, SPY, SPSB |
| Q2 2025 | 893 | $1.5B | VOO, IDEV, GOVT, SPY, IEMG |
| Q1 2025 | 906 | $1.4B | VOO, GOVT, IDEV, SPY, SPSB |
| Q4 2024 | 989 | $1.4B | VOO, GOVT, IDEV, SPY, SPSB |
| Q3 2024 | 1,000 | $1.4B | VOO, IDEV, GOVT, SPY, IEMG |
| Q2 2024 | 1,020 | $1.3B | VOO, GOVT, IDEV, SPY, IEMG |
| Q1 2024 | 986 | $1.3B | VOO, GOVT, IDEV, SPY, IEMG |