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

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $216.0M Q1 2024 Q2 2024: $243.2M Q2 2024 Q3 2024: $618.7M Q3 2024 Q4 2024: $707.6M $707.6M Q4 2024 Q1 2025: $702.1M Q1 2025 Q2 2025: $504.2M Q2 2025 Q3 2025: $566.8M Q3 2025 Q4 2025: $592.4M Q4 2025 Q1 2026: $913.6M Q1 2026 Q2 2026: $870.9M Q2 2026

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
ABBV Abbvie Inc. 0.04% 1,570 $279K Add +41.8%
MPC Marathon Petroleum Corp. 0.04% 1,986 $277K Add +0.3%
VLTO Veralto Corp. 0.04% 2,700 $275K No change
INTU Intuit Inc. 0.04% 420 $264K No change
XAR SS SPDR S&P Aerospace Def 0.03% 1,440 $239K Reduce -92.1%
XOM Exxon Mobil Corp. 0.03% 2,172 $234K Add +17.1%
META Meta Platforms Inc. Class A 0.03% 376 $220K New
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.03% 743 $215K New
ESGU iShares ESG Aware MSCI USA 0.03% 1,580 $204K Reduce -3.4%
FTI Technipfmc PLC 0.03% 6,942 $201K 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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 147$870.9MQQQM, SCHX, RECS, VOO, SPYM
Q1 2026 758$913.6MSCHX, QQQM, DYNF, IGIB, RWL
Q4 2025 463$592.4MQQQM, DYNF, IEMG, SPYV, QUAL
Q3 2025 469$566.8MQQQM, QUAL, DYNF, IEMG, SPYM
Q2 2025 467$504.2MSPYV, QQQM, QUAL, DYNF, IEMG
Q1 2025 118$702.1MSCHX, QUAL, SPYV, QQQM, IGIB
Q4 2024 110$707.6MSCHX, QUAL, QQQM, SPYV, DYNF
Q3 2024 89$618.7MSCHX, QUAL, DYNF, IGIB, TLT
Q2 2024 454$243.2MQUAL, DYNF, FTCS, EMXC, IQLT
Q1 2024 417$216.0MDYNF, FTCS, QUAL, EMXC, ONEV