Scarborough Advisors, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 31, 2024), Scarborough Advisors, LLC reported 89 stock positions worth $618.7 million. Its top holding was Schwab US Large-Cap ETF (SCHX) at 17.3% of the portfolio, followed by iShares MSCI USA Quality Fac (QUAL, 7.7%) and Ishrs US E F R A ETF-Usd (DYNF, 5.6%). Compared with Q2 2024, it opened 38 new positions, sold out of 403, added to 31 and reduced 17. The biggest buy was a new position in Schwab US Large-Cap ETF (SCHX) and the biggest sale Invesco S&P Emerging Markets (EELV, shares −31%).
- Most Recent 13F
- Q2 2026
- Location
- ANNAPOLIS, MD
- CIK
- 0001815355
- Portfolio Value
- $618.7M (Q3 2024)
- SEC Filing
- 0001815355-24-000014 ↗ filed Oct 31, 2024
Holdings Value
Holdings 89 stocks · $618.7M
| SCHX Schwab US Large-Cap ETF | 17.25% | 1,573,330 | $106.8M | New |
| QUAL iShares MSCI USA Quality Fac | 7.68% | 264,927 | $47.5M | Add +10.6% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 5.64% | 705,451 | $34.9M | Add +10.3% |
| IGIB iShares 5-10Y Inv Grade Corp. | 5.36% | 617,210 | $33.2M | New |
| TLT iShares 20+ Year Treasury BD | 4.98% | 314,041 | $30.8M | New |
| SPYM Ste STR SPDR PT S&P 500 ETF | 4.93% | 452,175 | $30.5M | Add +136.7% |
| VOO Vanguard S&P 500 ETF | 4.61% | 54,023 | $28.5M | New |
| EMXC iShares MSCI Emr MRK Ex Chna | 3.64% | 368,913 | $22.5M | Add +55.5% |
| FTCS First Trust Capital Strength | 3.06% | 208,653 | $18.9M | Add +3.0% |
| EFV iShares MSCI Eafe Value ETF | 2.78% | 299,057 | $17.2M | New |
| RDVY First Trust Rising Dividend | 2.59% | 270,154 | $16.0M | Add +54.5% |
| EFG iShares MSCI Eafe Growth ETF | 2.38% | 136,780 | $14.7M | New |
| IQLT iShares MSCI International Q | 2.37% | 353,464 | $14.7M | Add +2.5% |
| IVW iShares S&P 500 Growth ETF | 2.35% | 151,673 | $14.5M | New |
| VTI VG Morningstar TS MKT ETF-US | 2.30% | 50,255 | $14.2M | New |
| BINC iShares Flex I A ETF-Usd Inc. | 2.04% | 235,234 | $12.6M | Add +36.1% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 1.79% | 235,087 | $11.1M | Add +27077.7% |
| IYW iShares Ustechnology ETF | 1.62% | 66,067 | $10.0M | New |
| MSFT Microsoft Corp. | 1.57% | 22,571 | $9.7M | New |
| EELV Invesco S&P Emerging Markets | 1.21% | 287,836 | $7.5M | Reduce -31.5% |
| IVE iShares S&P 500 Value ETF | 1.16% | 36,554 | $7.2M | New |
| XLE SS Energy Select Sector | 1.12% | 79,013 | $6.9M | Add +0.1% |
| GLD SPDR Gold Shares | 1.06% | 27,025 | $6.6M | Add +0.3% |
| SCHM Schwab US Mid Cap ETF | 1.05% | 78,514 | $6.5M | New |
| MBB iShares MBS ETF | 1.02% | 66,163 | $6.3M | New |
| SPYV SS SPDR P S&P 500 Value ETF | 1.01% | 117,925 | $6.2M | Reduce -0.3% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.97% | 131,984 | $6.0M | Add +2.3% |
| VEA Vanguard Ftse Developed ETF | 0.92% | 107,639 | $5.7M | New |
| DVY iShares Select Dividend ETF | 0.73% | 33,268 | $4.5M | New |
| PG The Procter & Gamble Co. | 0.72% | 25,630 | $4.4M | New |
| FLOT iShares Floating Rate Bond E | 0.64% | 77,110 | $3.9M | Add +1.9% |
| XMMO Invesco S&P Midcap Momentum | 0.63% | 32,325 | $3.9M | New |
| LMT Lockheed Martin Corp. | 0.60% | 6,389 | $3.7M | New |
| AAPL Apple Inc. | 0.60% | 15,889 | $3.7M | Reduce -0.5% |
| ONEV SS SPDR R1000 Lo Vol Foc ETF | 0.51% | 24,296 | $3.2M | Add +1.8% |
| XAR SS SPDR S&P Aerospace Def | 0.46% | 18,238 | $2.9M | Reduce -28.4% |
| EMB iShares JP Morgan Usd Emergi | 0.45% | 29,653 | $2.8M | New |
| NVDA Nvidia Corp. | 0.44% | 22,600 | $2.7M | Add +9.1% |
| IFRA iShares US Infrastructure | 0.41% | 54,604 | $2.6M | Reduce -0.1% |
| FTSM First Trust Enh Short Mat FD | 0.40% | 41,085 | $2.5M | Add +0.1% |
| AMZN Amazon.com Inc. | 0.37% | 12,360 | $2.3M | Add +2.9% |
| DHR Danaher Corp. | 0.37% | 8,202 | $2.3M | New |
| MINT PIMCO Enhanced Short Maturit | 0.30% | 18,260 | $1.8M | Add +3.4% |
| ROAM Hartford Multifact Emrg MRKT | 0.27% | 64,963 | $1.7M | New |
| SCHA Schwab US Small-Cap ETF | 0.22% | 26,203 | $1.3M | New |
| QQQ Invesco QQQ Trust Series 1 | 0.22% | 2,742 | $1.3M | Add +10.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.19% | 3,134 | $1.2M | New |
| IGEB iShares Investment Grade SYS | 0.19% | 25,632 | $1.2M | Add +28.0% |
| PULS Pgim Ultra Short Bond ETF | 0.18% | 22,105 | $1.1M | Reduce -36.9% |
| JQUA JPMorgan US Quality Factor | 0.18% | 19,238 | $1.1M | Reduce -12.9% |
| TMO Thermo Fisher Scientific Inc. | 0.16% | 1,553 | $961K | New |
| RTX RTX Corp. | 0.14% | 7,086 | $858K | No change |
| HD Home Depot Inc. | 0.11% | 1,733 | $702K | New |
| LLY Eli Lilly & Co. | 0.10% | 717 | $635K | New |
| AMGN Amgen Inc. | 0.10% | 1,834 | $591K | Add +4.7% |
| COST Costco Wholesale Corp. | 0.09% | 651 | $577K | Reduce -2.0% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.09% | 8,683 | $576K | New |
| T AT&T Inc. | 0.09% | 26,159 | $575K | Add +0.7% |
| GOOGL Alphabet Inc. Class A | 0.08% | 3,004 | $498K | Add +0.4% |
| TSLA Tesla Inc. | 0.08% | 1,819 | $476K | Add +0.9% |
| MDY State Street SPDR S&P Midcap | 0.08% | 831 | $473K | Reduce -92.9% |
| VYM Vanguard High DVD Yield ETF | 0.07% | 3,599 | $461K | New |
| ICVT iShares Convertible Bond ETF | 0.07% | 5,473 | $458K | Add +16.5% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.07% | 8,366 | $457K | Reduce -2.9% |
| WMT Walmart Inc. | 0.07% | 5,475 | $442K | New |
| GM General Motors Co. | 0.07% | 9,479 | $425K | Reduce -1.0% |
| ET Energy Transfer LP | 0.06% | 23,639 | $379K | Reduce -4.1% |
| IWF iShares Russell 1000 Growth | 0.06% | 1,006 | $377K | New |
| GOOG Alphabet Inc. Class C | 0.06% | 2,199 | $368K | No change |
| USFD US Foods Holding Corp. | 0.06% | 5,855 | $360K | New |
| IEMG iShares Core MSCI Emerging | 0.06% | 6,184 | $355K | Reduce -88.3% |
| FTV Fortive Corp. | 0.06% | 4,471 | $353K | Add +0.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.05% | 708 | $326K | Add +1.3% |
| MPC Marathon Petroleum Corp. | 0.05% | 1,979 | $322K | Reduce -0.2% |
| AVGO Broadcom Inc. | 0.05% | 1,837 | $317K | Add +37.1% |
| VLTO Veralto Corp. | 0.05% | 2,700 | $302K | No change |
| V Visa Inc. Class A | 0.05% | 1,024 | $281K | Add +2.5% |
| COP Conocophillips | 0.04% | 2,640 | $278K | Reduce -5.1% |
| INTU Intuit Inc. | 0.04% | 420 | $260K | New |
| JNJ Johnson & Johnson | 0.04% | 1,477 | $239K | New |
| ABBV Abbvie Inc. | 0.04% | 1,107 | $219K | Add +0.4% |
| GE General Electric filed as GE AEROSPACE | 0.04% | 1,154 | $217K | New |
| XOM Exxon Mobil Corp. | 0.04% | 1,854 | $217K | Reduce -3.1% |
| ESGU iShares ESG Aware MSCI USA | 0.03% | 1,635 | $206K | Add +3.1% |
| PSX Phillips 66 | 0.03% | 1,567 | $206K | New |
| IEFA iShares Core MSCI Eafe ETF | 0.03% | 2,607 | $203K | Reduce -3.4% |
| F Ford Motor Co. filed as FORD MTR CO | 0.02% | 14,310 | $151K | New |
| TOMZ Tomi Environmental Solutions | 0.01% | 79,413 | $63K | New |
| CAN Canaan Inc. | 0.00% | 12,792 | $13K | New |
Portfolio Sells Q2 2024 → Q3 2024
| EELV Invesco S&P Emerging Markets | Reduce -31.5% | 1.21% | −2.86 |
| MDY State Street SPDR S&P Midcap | Reduce -92.9% | 0.08% | −2.51 |
| HEFA Isha Curr Hedged MSCI Eafe | Sold out | 0.00% | −1.87 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -0.3% | 1.01% | −1.36 |
| VDE Vanguard Energy ETF | Sold out | 0.00% | −1.31 |
| IEMG iShares Core MSCI Emerging | Reduce -88.3% | 0.06% | −1.11 |
| XAR SS SPDR S&P Aerospace Def | Reduce -28.4% | 0.46% | −1.00 |
| AAPL Apple Inc. | Reduce -0.5% | 0.60% | −0.78 |
| PULS Pgim Ultra Short Bond ETF | Reduce -36.9% | 0.18% | −0.54 |
| IFRA iShares US Infrastructure | Reduce -0.1% | 0.41% | −0.53 |
| JQUA JPMorgan US Quality Factor | Reduce -12.9% | 0.18% | −0.30 |
| COST Costco Wholesale Corp. | Reduce -2.0% | 0.09% | −0.14 |
| GM General Motors Co. | Reduce -1.0% | 0.07% | −0.11 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -2.9% | 0.07% | −0.11 |
| SPGP Invesco S&P 500 Garp ETF | Sold out | 0.00% | −0.10 |
| ET Energy Transfer LP | Reduce -4.1% | 0.06% | −0.10 |
| MPC Marathon Petroleum Corp. | Reduce -0.2% | 0.05% | −0.09 |
| COP Conocophillips | Reduce -5.1% | 0.04% | −0.09 |
| SLV iShares Silver Trust | Sold out | 0.00% | −0.08 |
| FTI Technipfmc PLC | Sold out | 0.00% | −0.07 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.07 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.07 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.07 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.06 |
| DGRW Wisdomtree U.S. Quality Divi | Sold out | 0.00% | −0.06 |
| SPYG SS SPDR P S&P 500 Growth ETF | Sold out | 0.00% | −0.06 |
| BA The Boeing Co. | Sold out | 0.00% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -3.1% | 0.04% | −0.06 |
| XLC SS Comm Select Sector SPDR | Sold out | 0.00% | −0.05 |
| BKH Black Hills Corp. | Sold out | 0.00% | −0.05 |
| FIXD First Trust Smith Opportunis | Sold out | 0.00% | −0.05 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.05 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -3.4% | 0.03% | −0.05 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −0.05 |
| JAAA Janus Henderson Aaa Clo ETF | Sold out | 0.00% | −0.05 |
| XEL Xcel Energy Inc. | Sold out | 0.00% | −0.04 |
| SRLN SS Blackstone Sr Loan ETF | Sold out | 0.00% | −0.04 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.04 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.04 |
| FXB Invesco Currencyshares Briti | Sold out | 0.00% | −0.04 |
| VSDA Victoryshares Dividend Accel | Sold out | 0.00% | −0.04 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −0.04 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.04 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.03 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.03 |
| MOAT Vaneck Morningstar Wide Moat | Sold out | 0.00% | −0.03 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.03 |
| PSA Public Storage | Sold out | 0.00% | −0.03 |
| ESGD iShares Trust iShares ESG Aw | Sold out | 0.00% | −0.03 |
Portfolio Buys Q2 2024 → Q3 2024
| SCHX Schwab US Large-Cap ETF | New | 17.25% | +17.25 |
| IGIB iShares 5-10Y Inv Grade Corp. | New | 5.36% | +5.36 |
| TLT iShares 20+ Year Treasury BD | New | 4.98% | +4.98 |
| VOO Vanguard S&P 500 ETF | New | 4.61% | +4.61 |
| EFV iShares MSCI Eafe Value ETF | New | 2.78% | +2.78 |
| EFG iShares MSCI Eafe Growth ETF | New | 2.38% | +2.38 |
| IVW iShares S&P 500 Growth ETF | New | 2.35% | +2.35 |
| VTI VG Morningstar TS MKT ETF-US | New | 2.30% | +2.30 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +27077.7% | 1.79% | +1.77 |
| IYW iShares Ustechnology ETF | New | 1.62% | +1.62 |
| MSFT Microsoft Corp. | New | 1.57% | +1.57 |
| IVE iShares S&P 500 Value ETF | New | 1.16% | +1.16 |
| SCHM Schwab US Mid Cap ETF | New | 1.05% | +1.05 |
| MBB iShares MBS ETF | New | 1.02% | +1.02 |
| VEA Vanguard Ftse Developed ETF | New | 0.92% | +0.92 |
| DVY iShares Select Dividend ETF | New | 0.73% | +0.73 |
| PG The Procter & Gamble Co. | New | 0.72% | +0.72 |
| XMMO Invesco S&P Midcap Momentum | New | 0.63% | +0.63 |
| LMT Lockheed Martin Corp. | New | 0.60% | +0.60 |
| EMB iShares JP Morgan Usd Emergi | New | 0.45% | +0.45 |
| DHR Danaher Corp. | New | 0.37% | +0.37 |
| ROAM Hartford Multifact Emrg MRKT | New | 0.27% | +0.27 |
| SCHA Schwab US Small-Cap ETF | New | 0.22% | +0.22 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.19% | +0.19 |
| TMO Thermo Fisher Scientific Inc. | New | 0.16% | +0.16 |
| HD Home Depot Inc. | New | 0.11% | +0.11 |
| LLY Eli Lilly & Co. | New | 0.10% | +0.10 |
| VWOB Vanguard Emerg MKTS Gov BND | New | 0.09% | +0.09 |
| VYM Vanguard High DVD Yield ETF | New | 0.07% | +0.07 |
| WMT Walmart Inc. | New | 0.07% | +0.07 |
| IWF iShares Russell 1000 Growth | New | 0.06% | +0.06 |
| USFD US Foods Holding Corp. | New | 0.06% | +0.06 |
| INTU Intuit Inc. | New | 0.04% | +0.04 |
| JNJ Johnson & Johnson | New | 0.04% | +0.04 |
| GE General Electric | New | 0.04% | +0.04 |
| PSX Phillips 66 | New | 0.03% | +0.03 |
| F Ford Motor Co. | New | 0.02% | +0.02 |
| TOMZ Tomi Environmental Solutions | New | 0.01% | +0.01 |
| CAN Canaan Inc. | New | 0.00% | +0.00 |
| AVGO Broadcom Inc. | Add +37.1% | 0.05% | −0.04 |
| ABBV Abbvie Inc. | Add +0.4% | 0.04% | −0.04 |
| ESGU iShares ESG Aware MSCI USA | Add +3.1% | 0.03% | −0.04 |
| V Visa Inc. Class A | Add +2.5% | 0.05% | −0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.3% | 0.05% | −0.06 |
| TSLA Tesla Inc. | Add +0.9% | 0.08% | −0.07 |
| ICVT iShares Convertible Bond ETF | Add +16.5% | 0.07% | −0.08 |
| FTV Fortive Corp. | Add +0.0% | 0.06% | −0.08 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +136.7% | 4.93% | −0.09 |
| T AT&T Inc. | Add +0.7% | 0.09% | −0.11 |
| AMGN Amgen Inc. | Add +4.7% | 0.10% | −0.13 |
Notes & Other Activity Q2 2024 → Q3 2024
| MAIN Main Street Capital Corp. | COM | Sold out | 0 | $11before exit |
| FALN iShares Fallen Angels ETF | FALN ANGLS USD | Sold out | 0 | $6before 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 | 147 | $870.9M | QQQM, SCHX, RECS, VOO, SPYM |
| Q1 2026 | 758 | $913.6M | SCHX, QQQM, DYNF, IGIB, RWL |
| Q4 2025 | 463 | $592.4M | QQQM, DYNF, IEMG, SPYV, QUAL |
| Q3 2025 | 469 | $566.8M | QQQM, QUAL, DYNF, IEMG, SPYM |
| Q2 2025 | 467 | $504.2M | SPYV, QQQM, QUAL, DYNF, IEMG |
| Q1 2025 | 118 | $702.1M | SCHX, QUAL, SPYV, QQQM, IGIB |
| Q4 2024 | 110 | $707.6M | SCHX, QUAL, QQQM, SPYV, DYNF |
| Q3 2024 | 89 | $618.7M | SCHX, QUAL, DYNF, IGIB, TLT |
| Q2 2024 | 454 | $243.2M | QUAL, DYNF, FTCS, EMXC, IQLT |
| Q1 2024 | 417 | $216.0M | DYNF, FTCS, QUAL, EMXC, ONEV |