Scarborough Advisors, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 30, 2025), Scarborough Advisors, LLC reported 110 stock positions worth $707.6 million. Its top holding was Schwab US Large-Cap ETF (SCHX) at 11.4% of the portfolio, followed by iShares MSCI USA Quality Fac (QUAL, 5.8%) and Invesco Nasdaq 100 ETF (QQQM, 5.3%). Compared with Q3 2024, it opened 31 new positions, sold out of 10, added to 35 and reduced 39. The biggest buy was a new position in Invesco Nasdaq 100 ETF (QQQM) and the biggest sale Schwab US Large-Cap ETF (SCHX, shares −26%).
- Most Recent 13F
- Q2 2026
- Location
- ANNAPOLIS, MD
- CIK
- 0001815355
- Portfolio Value
- $707.6M (Q4 2024)
- SEC Filing
- 0001815355-25-000002 ↗ filed Jan 30, 2025
Holdings Value
Holdings 110 stocks · $707.6M
| SCHX Schwab US Large-Cap ETF | 11.40% | 3,479,684 | $80.7M | Reduce -26.3% |
| QUAL iShares MSCI USA Quality Fac | 5.79% | 230,087 | $41.0M | Reduce -13.2% |
| QQQM Invesco Nasdaq 100 ETF | 5.31% | 178,390 | $37.5M | New |
| SPYV SS SPDR P S&P 500 Value ETF | 5.17% | 714,732 | $36.6M | Add +506.1% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 4.93% | 680,251 | $34.9M | Reduce -3.6% |
| IGIB iShares 5-10Y Inv Grade Corp. | 4.56% | 625,942 | $32.2M | Add +1.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 4.17% | 428,128 | $29.5M | Reduce -5.3% |
| VOO Vanguard S&P 500 ETF | 4.12% | 54,083 | $29.1M | Add +0.1% |
| TLT iShares 20+ Year Treasury BD | 4.11% | 332,745 | $29.1M | Add +6.0% |
| FTCS First Trust Capital Strength | 2.76% | 222,006 | $19.5M | Add +6.4% |
| EMXC iShares MSCI Emr MRK Ex Chna | 2.56% | 327,131 | $18.1M | Reduce -11.3% |
| EFV iShares MSCI Eafe Value ETF | 2.35% | 316,741 | $16.6M | Add +5.9% |
| EFG iShares MSCI Eafe Growth ETF | 2.25% | 164,533 | $15.9M | Add +20.3% |
| RECS Columbia Resear Enh Cor ETF | 2.07% | 422,447 | $14.6M | New |
| IVW iShares S&P 500 Growth ETF | 2.06% | 143,457 | $14.6M | Reduce -5.4% |
| VTI VG Morningstar TS MKT ETF-US | 1.98% | 48,354 | $14.0M | Reduce -3.8% |
| RDVY First Trust Rising Dividend | 1.86% | 222,855 | $13.2M | Reduce -17.5% |
| BINC iShares Flex I A ETF-Usd Inc. | 1.55% | 210,586 | $11.0M | Reduce -10.5% |
| GOVI Invesco Equal Weight 0-30 YR | 1.52% | 398,819 | $10.8M | New |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 1.49% | 233,817 | $10.6M | Reduce -0.5% |
| IYW iShares Ustechnology ETF | 1.43% | 63,404 | $10.1M | Reduce -4.0% |
| JAAA Janus Henderson Aaa Clo ETF | 1.38% | 192,067 | $9.7M | New |
| MTUM iShares MSCI USA Momentum Fa | 1.36% | 46,678 | $9.7M | New |
| GLD SPDR Gold Shares | 1.13% | 32,877 | $8.0M | Add +21.6% |
| IVE iShares S&P 500 Value ETF | 1.02% | 37,725 | $7.2M | Add +3.2% |
| SCHM Schwab US Mid Cap ETF | 0.98% | 249,454 | $6.9M | Add +5.9% |
| XLE SS Energy Select Sector | 0.95% | 78,523 | $6.7M | Reduce -0.6% |
| MBB iShares MBS ETF | 0.90% | 69,109 | $6.3M | Add +4.5% |
| IEMG iShares Core MSCI Emerging | 0.88% | 119,186 | $6.2M | Add +1827.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.87% | 87,977 | $6.2M | Add +3274.7% |
| JPST JPMorgan Ultra-Short Income | 0.79% | 110,847 | $5.6M | New |
| FALN iShares Fallen Angels ETF | 0.76% | 201,896 | $5.4M | New |
| IFRA iShares US Infrastructure | 0.72% | 109,457 | $5.1M | Add +100.5% |
| PTF Invesco Dorsey Wright Tech | 0.71% | 69,212 | $5.0M | New |
| IJH iShares Core S&P Midcap ETF | 0.68% | 77,591 | $4.8M | New |
| DVY iShares Select Dividend ETF | 0.67% | 36,056 | $4.7M | Add +8.4% |
| PG The Procter & Gamble Co. | 0.61% | 25,632 | $4.3M | Add +0.0% |
| FLOT iShares Floating Rate Bond E | 0.59% | 82,235 | $4.2M | Add +6.7% |
| AAPL Apple Inc. | 0.56% | 15,940 | $4.0M | Add +0.3% |
| XMMO Invesco S&P Midcap Momentum | 0.55% | 31,302 | $3.9M | Reduce -3.2% |
| JMEE JPM Sma & Mid Cap En Eq Et-U filed as J P MORGAN EXCHANGE TRADED F | 0.52% | 60,467 | $3.7M | New |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 0.45% | 121,432 | $3.2M | New |
| LMT Lockheed Martin Corp. | 0.44% | 6,344 | $3.1M | Reduce -0.7% |
| AMZN Amazon.com Inc. | 0.39% | 12,574 | $2.8M | Add +1.7% |
| EMB iShares JP Morgan Usd Emergi | 0.39% | 30,748 | $2.7M | Add +3.7% |
| GTO Invesco Total Return Bond Et | 0.38% | 58,314 | $2.7M | New |
| GSY Invesco Ultra Short Duration | 0.37% | 52,678 | $2.6M | New |
| FLRT Pacer Aristotle Pacific Floa | 0.35% | 51,681 | $2.5M | New |
| IQLT iShares MSCI International Q | 0.34% | 65,381 | $2.4M | Reduce -81.5% |
| BTT BlackRock 2030 Muni TRGT TRM | 0.34% | 116,262 | $2.4M | New |
| EELV Invesco S&P Emerging Markets | 0.28% | 85,794 | $2.0M | Reduce -70.2% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.28% | 74,446 | $1.9M | New |
| XLF SS Financial Select Sector | 0.27% | 40,182 | $1.9M | New |
| DHR Danaher Corp. | 0.27% | 8,202 | $1.9M | No change |
| VEA Vanguard Ftse Developed ETF | 0.25% | 37,147 | $1.8M | Reduce -65.5% |
| MINT PIMCO Enhanced Short Maturit | 0.25% | 17,585 | $1.8M | Reduce -3.7% |
| IAU iShares Gold Trust | 0.25% | 35,637 | $1.8M | New |
| QQQ Invesco QQQ Trust Series 1 | 0.25% | 3,420 | $1.7M | Add +24.7% |
| FTSM First Trust Enh Short Mat FD | 0.22% | 26,307 | $1.6M | Reduce -36.0% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.22% | 34,234 | $1.5M | Reduce -74.1% |
| IAUM iShares Gold Trust Micro | 0.19% | 51,475 | $1.3M | New |
| COWZ Pacer US Cash Cows 100 ETF | 0.19% | 23,532 | $1.3M | New |
| MSFT Microsoft Corp. | 0.18% | 2,969 | $1.3M | Reduce -86.8% |
| SCHA Schwab US Small-Cap ETF | 0.17% | 46,095 | $1.2M | Reduce -12.0% |
| XMVTX BlackRock Munivest Fund II | 0.15% | 103,523 | $1.1M | New |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.15% | 2,653 | $1.1M | Reduce -15.3% |
| XCEM Columbia Em Core Ex-China | 0.15% | 35,734 | $1.1M | New |
| PULS Pgim Ultra Short Bond ETF | 0.14% | 20,252 | $1.0M | Reduce -8.4% |
| HYDB iShares High Yield Systemati | 0.14% | 20,727 | $974K | New |
| RTX RTX Corp. | 0.12% | 7,086 | $820K | No change |
| TMO Thermo Fisher Scientific Inc. | 0.11% | 1,532 | $797K | Reduce -1.4% |
| MYI BlackRock Muniyield QLTY III | 0.10% | 63,318 | $699K | New |
| GOOGL Alphabet Inc. Class A | 0.10% | 3,688 | $698K | Add +22.8% |
| HD Home Depot Inc. | 0.09% | 1,719 | $669K | Reduce -0.8% |
| T AT&T Inc. | 0.09% | 28,914 | $658K | Add +10.5% |
| TSLA Tesla Inc. | 0.09% | 1,585 | $640K | Reduce -12.9% |
| ICVT iShares Convertible Bond ETF | 0.09% | 7,335 | $623K | Add +34.0% |
| COST Costco Wholesale Corp. | 0.08% | 646 | $592K | Reduce -0.8% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.08% | 9,070 | $573K | Add +4.5% |
| AVGO Broadcom Inc. | 0.08% | 2,384 | $553K | Add +29.8% |
| ONEV SS SPDR R1000 Lo Vol Foc ETF | 0.08% | 4,310 | $541K | Reduce -82.3% |
| GOOG Alphabet Inc. Class C | 0.07% | 2,726 | $519K | Add +24.0% |
| WMT Walmart Inc. | 0.07% | 5,584 | $505K | Add +2.0% |
| ET Energy Transfer LP | 0.07% | 25,391 | $497K | Add +7.4% |
| GM General Motors Co. | 0.07% | 9,322 | $497K | Reduce -1.7% |
| AMGN Amgen Inc. | 0.07% | 1,794 | $468K | Reduce -2.2% |
| VYM Vanguard High DVD Yield ETF | 0.06% | 3,507 | $447K | Reduce -2.6% |
| IWF iShares Russell 1000 Growth | 0.06% | 1,072 | $431K | Add +6.6% |
| MDY State Street SPDR S&P Midcap | 0.06% | 736 | $419K | Reduce -11.4% |
| JQUA JPMorgan US Quality Factor | 0.06% | 7,253 | $415K | Reduce -62.3% |
| MHD BlackRock Muniholdings Fund | 0.06% | 35,000 | $408K | New |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.06% | 7,375 | $403K | Reduce -11.8% |
| V Visa Inc. Class A | 0.05% | 1,182 | $373K | Add +15.4% |
| BFK BlackRock Municipal Inc. TRST | 0.05% | 34,172 | $337K | New |
| FTV Fortive Corp. | 0.05% | 4,396 | $330K | Reduce -1.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.05% | 708 | $321K | No change |
| JPM JPMorgan Chase & Co. | 0.04% | 1,312 | $314K | New |
| COP Conocophillips | 0.04% | 2,972 | $295K | Add +12.6% |
| USFD US Foods Holding Corp. | 0.04% | 4,355 | $294K | Reduce -25.6% |
| IQI Invesco Quality Muni Inc. TR | 0.04% | 29,187 | $288K | New |
Portfolio Sells Q3 2024 → Q4 2024
| SCHX Schwab US Large-Cap ETF | Reduce -26.3% | 11.40% | −5.86 |
| IQLT iShares MSCI International Q | Reduce -81.5% | 0.34% | −2.03 |
| QUAL iShares MSCI USA Quality Fac | Reduce -13.2% | 5.79% | −1.89 |
| MSFT Microsoft Corp. | Reduce -86.8% | 0.18% | −1.39 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -11.3% | 2.56% | −1.08 |
| EELV Invesco S&P Emerging Markets | Reduce -70.2% | 0.28% | −0.93 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -5.3% | 4.17% | −0.76 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -74.1% | 0.22% | −0.75 |
| RDVY First Trust Rising Dividend | Reduce -17.5% | 1.86% | −0.72 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Reduce -3.6% | 4.93% | −0.71 |
| VEA Vanguard Ftse Developed ETF | Reduce -65.5% | 0.25% | −0.67 |
| BINC iShares Flex I A ETF-Usd Inc. | Reduce -10.5% | 1.55% | −0.49 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.44 |
| ONEV SS SPDR R1000 Lo Vol Foc ETF | Reduce -82.3% | 0.08% | −0.43 |
| XAR SS SPDR S&P Aerospace Def | Reduce -92.1% | 0.03% | −0.43 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -3.8% | 1.98% | −0.32 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -0.5% | 1.49% | −0.30 |
| IVW iShares S&P 500 Growth ETF | Reduce -5.4% | 2.06% | −0.29 |
| ROAM Hartford Multifact Emrg MRKT | Sold out | 0.00% | −0.27 |
| IGEB iShares Investment Grade SYS | Sold out | 0.00% | −0.19 |
| IYW iShares Ustechnology ETF | Reduce -4.0% | 1.43% | −0.19 |
| FTSM First Trust Enh Short Mat FD | Reduce -36.0% | 0.22% | −0.18 |
| XLE SS Energy Select Sector | Reduce -0.6% | 0.95% | −0.17 |
| LMT Lockheed Martin Corp. | Reduce -0.7% | 0.44% | −0.17 |
| JQUA JPMorgan US Quality Factor | Reduce -62.3% | 0.06% | −0.12 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.10 |
| XMMO Invesco S&P Midcap Momentum | Reduce -3.2% | 0.55% | −0.08 |
| SCHA Schwab US Small-Cap ETF | Reduce -12.0% | 0.17% | −0.05 |
| MINT PIMCO Enhanced Short Maturit | Reduce -3.7% | 0.25% | −0.05 |
| TMO Thermo Fisher Scientific Inc. | Reduce -1.4% | 0.11% | −0.04 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -15.3% | 0.15% | −0.04 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.04 |
| PULS Pgim Ultra Short Bond ETF | Reduce -8.4% | 0.14% | −0.04 |
| GE General Electric | Sold out | 0.00% | −0.04 |
| PSX Phillips 66 | Sold out | 0.00% | −0.03 |
| AMGN Amgen Inc. | Reduce -2.2% | 0.07% | −0.03 |
| F Ford Motor Co. | Sold out | 0.00% | −0.02 |
| HD Home Depot Inc. | Reduce -0.8% | 0.09% | −0.02 |
| MDY State Street SPDR S&P Midcap | Reduce -11.4% | 0.06% | −0.02 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -11.8% | 0.06% | −0.02 |
| USFD US Foods Holding Corp. | Reduce -25.6% | 0.04% | −0.02 |
| VYM Vanguard High DVD Yield ETF | Reduce -2.6% | 0.06% | −0.01 |
| FTV Fortive Corp. | Reduce -1.7% | 0.05% | −0.01 |
| TOMZ Tomi Environmental Solutions | Sold out | 0.00% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -0.8% | 0.08% | −0.01 |
| ESGU iShares ESG Aware MSCI USA | Reduce -3.4% | 0.03% | −0.00 |
| CAN Canaan Inc. | Sold out | 0.00% | −0.00 |
| GM General Motors Co. | Reduce -1.7% | 0.07% | +0.00 |
| TSLA Tesla Inc. | Reduce -12.9% | 0.09% | +0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| QQQM Invesco Nasdaq 100 ETF | New | 5.31% | +5.31 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +506.1% | 5.17% | +4.16 |
| RECS Columbia Resear Enh Cor ETF | New | 2.07% | +2.07 |
| GOVI Invesco Equal Weight 0-30 YR | New | 1.52% | +1.52 |
| JAAA Janus Henderson Aaa Clo ETF | New | 1.38% | +1.38 |
| MTUM iShares MSCI USA Momentum Fa | New | 1.36% | +1.36 |
| IEFA iShares Core MSCI Eafe ETF | Add +3274.7% | 0.87% | +0.84 |
| IEMG iShares Core MSCI Emerging | Add +1827.3% | 0.88% | +0.82 |
| JPST JPMorgan Ultra-Short Income | New | 0.79% | +0.79 |
| FALN iShares Fallen Angels ETF | New | 0.76% | +0.76 |
| PTF Invesco Dorsey Wright Tech | New | 0.71% | +0.71 |
| IJH iShares Core S&P Midcap ETF | New | 0.68% | +0.68 |
| JMEE JPM Sma & Mid Cap En Eq Et-U | New | 0.52% | +0.52 |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | New | 0.45% | +0.45 |
| GTO Invesco Total Return Bond Et | New | 0.38% | +0.38 |
| GSY Invesco Ultra Short Duration | New | 0.37% | +0.37 |
| FLRT Pacer Aristotle Pacific Floa | New | 0.35% | +0.35 |
| BTT BlackRock 2030 Muni TRGT TRM | New | 0.34% | +0.34 |
| IFRA iShares US Infrastructure | Add +100.5% | 0.72% | +0.30 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | New | 0.28% | +0.28 |
| XLF SS Financial Select Sector | New | 0.27% | +0.27 |
| IAU iShares Gold Trust | New | 0.25% | +0.25 |
| IAUM iShares Gold Trust Micro | New | 0.19% | +0.19 |
| COWZ Pacer US Cash Cows 100 ETF | New | 0.19% | +0.19 |
| XMVTX BlackRock Munivest Fund II | New | 0.15% | +0.15 |
| XCEM Columbia Em Core Ex-China | New | 0.15% | +0.15 |
| HYDB iShares High Yield Systemati | New | 0.14% | +0.14 |
| MYI BlackRock Muniyield QLTY III | New | 0.10% | +0.10 |
| GLD SPDR Gold Shares | Add +21.6% | 1.13% | +0.06 |
| MHD BlackRock Muniholdings Fund | New | 0.06% | +0.06 |
| BFK BlackRock Municipal Inc. TRST | New | 0.05% | +0.05 |
| JPM JPMorgan Chase & Co. | New | 0.04% | +0.04 |
| IQI Invesco Quality Muni Inc. TR | New | 0.04% | +0.04 |
| META Meta Platforms Inc. Class A | New | 0.03% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +24.7% | 0.25% | +0.03 |
| MSTR Strategy Inc. | New | 0.03% | +0.03 |
| FTI Technipfmc PLC | New | 0.03% | +0.03 |
| AVGO Broadcom Inc. | Add +29.8% | 0.08% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +22.8% | 0.10% | +0.02 |
| AMZN Amazon.com Inc. | Add +1.7% | 0.39% | +0.02 |
| ICVT iShares Convertible Bond ETF | Add +34.0% | 0.09% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +24.0% | 0.07% | +0.01 |
| ET Energy Transfer LP | Add +7.4% | 0.07% | +0.01 |
| V Visa Inc. Class A | Add +15.4% | 0.05% | +0.01 |
| ABBV Abbvie Inc. | Add +41.8% | 0.04% | +0.00 |
| T AT&T Inc. | Add +10.5% | 0.09% | 0.00 |
| WMT Walmart Inc. | Add +2.0% | 0.07% | −0.00 |
| IWF iShares Russell 1000 Growth | Add +6.6% | 0.06% | −0.00 |
| XOM Exxon Mobil Corp. | Add +17.1% | 0.03% | −0.00 |
| COP Conocophillips | Add +12.6% | 0.04% | −0.00 |
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 |