Scarborough Advisors, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), Scarborough Advisors, LLC reported 467 stock positions worth $504.2 million. Its top holding was SS SPDR P S&P 500 Value ETF (SPYV) at 11.5% of the portfolio, followed by Invesco Nasdaq 100 ETF (QQQM, 9.5%) and iShares MSCI USA Quality Fac (QUAL, 9.1%). Compared with Q1 2025, it opened 390 new positions, sold out of 41, added to 34 and reduced 37. The biggest buy was SS SPDR P S&P 500 Value ETF (SPYV, shares +40%) and the biggest sale an exit from Schwab US Large-Cap ETF (SCHX).
- Most Recent 13F
- Q2 2026
- Location
- ANNAPOLIS, MD
- CIK
- 0001815355
- Portfolio Value
- $504.2M (Q2 2025)
- SEC Filing
- 0001815355-25-000004 ↗ filed Aug 5, 2025
Holdings Value
Holdings 467 stocks · $504.2M
| SPYV SS SPDR P S&P 500 Value ETF | 11.49% | 1,106,745 | $57.9M | Add +39.7% |
| QQQM Invesco Nasdaq 100 ETF | 9.54% | 211,840 | $48.1M | Add +13.5% |
| QUAL iShares MSCI USA Quality Fac | 9.13% | 251,710 | $46.0M | Reduce -5.0% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 7.60% | 703,157 | $38.3M | Add +0.1% |
| IEMG iShares Core MSCI Emerging | 5.71% | 479,460 | $28.8M | Add +147.1% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 4.99% | 345,895 | $25.1M | Reduce -14.0% |
| FTCS First Trust Capital Strength | 4.35% | 241,107 | $21.9M | Add +5.9% |
| RECS Columbia Resear Enh Cor ETF | 4.14% | 567,951 | $20.9M | Add +30.3% |
| THRO iShares U.S. Thematic Rotati | 3.40% | 481,357 | $17.1M | Add +49.2% |
| BINC iShares Flex I A ETF-Usd Inc. | 2.81% | 268,370 | $14.2M | Add +16.1% |
| RDVY First Trust Rising Dividend | 2.49% | 199,703 | $12.5M | Reduce -11.4% |
| JAAA Janus Henderson Aaa Clo ETF | 2.33% | 231,478 | $11.7M | Add +14.6% |
| MTUM iShares MSCI USA Momentum Fa | 2.31% | 48,487 | $11.7M | Reduce -1.7% |
| GLD SPDR Gold Shares | 2.16% | 35,659 | $10.9M | Reduce -4.8% |
| JPST JPMorgan Ultra-Short Income | 1.96% | 195,260 | $9.9M | Add +63.4% |
| IEFA iShares Core MSCI Eafe ETF | 1.85% | 111,877 | $9.3M | Add +21.0% |
| GOVI Invesco Equal Weight 0-30 YR | 1.74% | 319,955 | $8.8M | Reduce -23.3% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 1.61% | 306,504 | $8.1M | Add +275.2% |
| FALN iShares Fallen Angels ETF | 1.31% | 244,253 | $6.6M | Add +14.4% |
| XLE SS Energy Select Sector | 1.28% | 75,972 | $6.4M | Reduce -0.7% |
| BAI Ishrs AI in and Tech Act ETF | 1.23% | 215,020 | $6.2M | New |
| JMEE JPM Sma & Mid Cap En Eq Et-U filed as J P MORGAN EXCHANGE TRADED F | 0.98% | 83,493 | $4.9M | Add +29.4% |
| BNDX Vanguard Total Intl Bond ETF | 0.87% | 88,621 | $4.4M | New |
| FLOT iShares Floating Rate Bond E | 0.86% | 85,215 | $4.3M | Add +1.7% |
| NVDA Nvidia Corp. | 0.68% | 21,610 | $3.4M | Reduce -3.4% |
| FLRT Pacer Aristotle Pacific Floa | 0.67% | 70,759 | $3.4M | Add +28.3% |
| AAPL Apple Inc. | 0.62% | 15,265 | $3.1M | Reduce -4.3% |
| IAGG iShares Intl Aggregate Bond | 0.61% | 60,661 | $3.1M | New |
| GTO Invesco Total Return Bond Et | 0.59% | 63,313 | $3.0M | Reduce -0.3% |
| AIQ Global X Art Intel & Tech | 0.58% | 66,743 | $2.9M | New |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 0.58% | 113,140 | $2.9M | Reduce -6.4% |
| IAUM iShares Gold Trust Micro | 0.56% | 86,033 | $2.8M | Reduce -6.4% |
| AMZN Amazon.com Inc. | 0.53% | 12,153 | $2.7M | Reduce -2.5% |
| BTT BlackRock 2030 Muni TRGT TRM | 0.51% | 118,154 | $2.6M | Add +0.6% |
| MINT PIMCO Enhanced Short Maturit | 0.36% | 18,091 | $1.8M | Reduce -1.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.33% | 3,056 | $1.7M | Add +0.3% |
| EUAD Select Stoxx Eur Aer DE ETF | 0.33% | 38,479 | $1.7M | Add +191.3% |
| FTSM First Trust Enh Short Mat FD | 0.31% | 26,246 | $1.6M | Add +2.4% |
| XCEM Columbia Em Core Ex-China | 0.27% | 39,424 | $1.3M | Add +11.1% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.24% | 19,547 | $1.2M | Reduce -92.9% |
| PULS Pgim Ultra Short Bond ETF | 0.24% | 24,037 | $1.2M | Add +4.6% |
| XMVTX BlackRock Munivest Fund II | 0.22% | 108,313 | $1.1M | Add +4.2% |
| RTX RTX Corp. | 0.22% | 7,520 | $1.1M | Add +4.7% |
| COWZ Pacer US Cash Cows 100 ETF | 0.22% | 19,723 | $1.1M | Reduce -27.7% |
| IQLT iShares MSCI International Q | 0.21% | 24,702 | $1.1M | Reduce -56.4% |
| T AT&T Inc. | 0.20% | 35,389 | $1.0M | Add +22.1% |
| EELV Invesco S&P Emerging Markets | 0.18% | 34,079 | $890K | Reduce -55.3% |
| COST Costco Wholesale Corp. | 0.14% | 733 | $725K | Add +7.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.14% | 1,438 | $699K | Add +103.1% |
| GOOGL Alphabet Inc. Class A | 0.14% | 3,878 | $683K | Reduce -1.1% |
| MYI BlackRock Muniyield QLTY III | 0.13% | 63,000 | $661K | No change |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.12% | 13,371 | $618K | Reduce -18.4% |
| AVGO Broadcom Inc. | 0.12% | 2,136 | $589K | Reduce -8.2% |
| ICVT iShares Convertible Bond ETF | 0.11% | 6,193 | $558K | Reduce -32.0% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.11% | 12,900 | $550K | Reduce -56.5% |
| JPM JPMorgan Chase & Co. | 0.10% | 1,810 | $525K | Reduce -2.5% |
| AMGN Amgen Inc. | 0.10% | 1,730 | $483K | No change |
| STIP iShares 0-5 Year Tips Bond E | 0.09% | 4,540 | $467K | New |
| TSLA Tesla Inc. | 0.09% | 1,460 | $464K | Add +4.3% |
| VGLT Vanguard Long-Term Treasury | 0.09% | 8,094 | $454K | New |
| GM General Motors Co. | 0.09% | 9,191 | $452K | Reduce -1.6% |
| GOOG Alphabet Inc. Class C | 0.09% | 2,532 | $449K | Reduce -5.9% |
| V Visa Inc. Class A | 0.09% | 1,233 | $438K | Add +4.0% |
| PTF Invesco Dorsey Wright Tech | 0.08% | 6,080 | $415K | Reduce -93.0% |
| JQUA JPMorgan US Quality Factor | 0.08% | 6,644 | $399K | Reduce -6.6% |
| MHD BlackRock Muniholdings Fund | 0.08% | 35,000 | $392K | No change |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.08% | 6,987 | $380K | Add +0.0% |
| PLTR Palantir Technologies Inc. Class A | 0.07% | 2,696 | $368K | Add +11.9% |
| MDY State Street SPDR S&P Midcap | 0.07% | 603 | $342K | Reduce -1.8% |
| ONEV SS SPDR R1000 Lo Vol Foc ETF | 0.07% | 2,632 | $340K | Reduce -1.8% |
| BFK BlackRock Municipal Inc. TRST | 0.06% | 34,000 | $326K | No change |
| ABBV Abbvie Inc. | 0.06% | 1,707 | $317K | Add +3.8% |
| IFRA iShares US Infrastructure | 0.06% | 6,374 | $314K | Reduce -1.7% |
| MPC Marathon Petroleum Corp. | 0.06% | 1,797 | $299K | Add +0.4% |
| XMMO Invesco S&P Midcap Momentum | 0.06% | 2,277 | $293K | Reduce -91.0% |
| META Meta Platforms Inc. Class A | 0.06% | 394 | $291K | Add +4.5% |
| VLTO Veralto Corp. | 0.05% | 2,700 | $273K | No change |
| IQI Invesco Quality Muni Inc. TR | 0.05% | 29,000 | $272K | No change |
| SGOV iShares 0-3 Month Treasury B | 0.05% | 2,622 | $264K | New |
| ESGU iShares ESG Aware MSCI USA | 0.04% | 1,648 | $223K | New |
| COP Conocophillips | 0.04% | 2,247 | $202K | Reduce -14.6% |
| XOM Exxon Mobil Corp. | 0.04% | 1,851 | $200K | New |
| SLV iShares Silver Trust | 0.04% | 6,078 | $199K | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.03% | 329 | $168K | New |
| FTI Technipfmc PLC | 0.03% | 4,812 | $166K | New |
| XAR SS SPDR S&P Aerospace Def | 0.03% | 770 | $162K | New |
| BA The Boeing Co. | 0.03% | 775 | $162K | New |
| ABT Abbott Laboratories | 0.03% | 1,192 | $162K | New |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.03% | 1,651 | $157K | New |
| DGRW Wisdomtree U.S. Quality Divi | 0.03% | 1,879 | $157K | New |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.03% | 1,704 | $156K | New |
| SPGP Invesco S&P 500 Garp ETF | 0.03% | 1,412 | $152K | New |
| BKH Black Hills Corp. | 0.03% | 2,514 | $141K | New |
| XLC SS Comm Select Sector SPDR | 0.03% | 1,289 | $140K | New |
| FIXD First Trust Smith Opportunis | 0.03% | 3,143 | $138K | New |
| ORCL Oracle Corp. | 0.03% | 622 | $136K | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.03% | 2,804 | $133K | New |
| VCLT Vanguard Long-Term Corp. Bond | 0.02% | 1,593 | $121K | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.02% | 183 | $113K | New |
| VZ Verizon Communications Inc. | 0.02% | 2,592 | $112K | New |
Lines left out (1) · $1 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| GOVT iShares US Treasury Bond ETF | US TREAS BD ETF | 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: $504.2M.
Portfolio Sells Q1 2025 → Q2 2025
| SCHX Schwab US Large-Cap ETF | Sold out | 0.00% | −8.72 |
| IGIB iShares 5-10Y Inv Grade Corp. | Sold out | 0.00% | −4.88 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −3.98 |
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −2.60 |
| IVW iShares S&P 500 Growth ETF | Sold out | 0.00% | −1.93 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -92.9% | 0.24% | −1.91 |
| EFV iShares MSCI Eafe Value ETF | Sold out | 0.00% | −1.68 |
| IVE iShares S&P 500 Value ETF | Sold out | 0.00% | −1.53 |
| SCHZ Schwab US Aggregate Bond ETF | Sold out | 0.00% | −1.43 |
| EFG iShares MSCI Eafe Growth ETF | Sold out | 0.00% | −1.38 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −1.37 |
| IYW iShares Ustechnology ETF | Sold out | 0.00% | −1.31 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −1.20 |
| MBB iShares MBS ETF | Sold out | 0.00% | −0.97 |
| SCHM Schwab US Mid Cap ETF | Sold out | 0.00% | −0.92 |
| DVY iShares Select Dividend ETF | Sold out | 0.00% | −0.68 |
| IJH iShares Core S&P Midcap ETF | Sold out | 0.00% | −0.67 |
| PTF Invesco Dorsey Wright Tech | Reduce -93.0% | 0.08% | −0.64 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.62 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -97.8% | 0.02% | −0.61 |
| IAU iShares Gold Trust | Sold out | 0.00% | −0.56 |
| OEF iShares S&P 100 ETF | Sold out | 0.00% | −0.52 |
| EMB iShares JP Morgan Usd Emergi | Sold out | 0.00% | −0.41 |
| TLH iShares 10-20 Year Treasury | Sold out | 0.00% | −0.41 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.40 |
| GSY Invesco Ultra Short Duration | Reduce -98.8% | 0.01% | −0.38 |
| XMMO Invesco S&P Midcap Momentum | Reduce -91.0% | 0.06% | −0.35 |
| VEA Vanguard Ftse Developed ETF | Sold out | 0.00% | −0.24 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.24 |
| SCHA Schwab US Small-Cap ETF | Sold out | 0.00% | −0.14 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −0.13 |
| IQLT iShares MSCI International Q | Reduce -56.4% | 0.21% | −0.11 |
| VWOB Vanguard Emerg MKTS Gov BND | Sold out | 0.00% | −0.11 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.09 |
| EELV Invesco S&P Emerging Markets | Reduce -55.3% | 0.18% | −0.09 |
| VYM Vanguard High DVD Yield ETF | Sold out | 0.00% | −0.08 |
| WMT Walmart Inc. | Sold out | 0.00% | −0.08 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.07 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -56.5% | 0.11% | −0.06 |
| ET Energy Transfer LP | Reduce -87.3% | 0.01% | −0.05 |
| IWF iShares Russell 1000 Growth | Sold out | 0.00% | −0.04 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.04 |
| FTV Fortive Corp. | Reduce -90.6% | 0.00% | −0.04 |
| USFD US Foods Holding Corp. | Sold out | 0.00% | −0.04 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.04 |
| GE General Electric | Sold out | 0.00% | −0.03 |
| MSTR Strategy Inc. | Sold out | 0.00% | −0.03 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.03 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.03 |
| F Ford Motor Co. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| SPYV SS SPDR P S&P 500 Value ETF | Add +39.7% | 11.49% | +5.73 |
| QQQM Invesco Nasdaq 100 ETF | Add +13.5% | 9.54% | +4.41 |
| IEMG iShares Core MSCI Emerging | Add +147.1% | 5.71% | +4.22 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +0.1% | 7.60% | +2.72 |
| RECS Columbia Resear Enh Cor ETF | Add +30.3% | 4.14% | +2.08 |
| THRO iShares U.S. Thematic Rotati | Add +49.2% | 3.40% | +1.94 |
| FTCS First Trust Capital Strength | Add +5.9% | 4.35% | +1.44 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +275.2% | 1.61% | +1.30 |
| BAI Ishrs AI in and Tech Act ETF | New | 1.23% | +1.23 |
| JPST JPMorgan Ultra-Short Income | Add +63.4% | 1.96% | +1.10 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +16.1% | 2.81% | +1.09 |
| JAAA Janus Henderson Aaa Clo ETF | Add +14.6% | 2.33% | +0.87 |
| BNDX Vanguard Total Intl Bond ETF | New | 0.87% | +0.87 |
| IEFA iShares Core MSCI Eafe ETF | Add +21.0% | 1.85% | +0.86 |
| IAGG iShares Intl Aggregate Bond | New | 0.61% | +0.61 |
| AIQ Global X Art Intel & Tech | New | 0.58% | +0.58 |
| FALN iShares Fallen Angels ETF | Add +14.4% | 1.31% | +0.50 |
| JMEE JPM Sma & Mid Cap En Eq Et-U | Add +29.4% | 0.98% | +0.47 |
| FLRT Pacer Aristotle Pacific Floa | Add +28.3% | 0.67% | +0.30 |
| EUAD Select Stoxx Eur Aer DE ETF | Add +191.3% | 0.33% | +0.27 |
| FLOT iShares Floating Rate Bond E | Add +1.7% | 0.86% | +0.25 |
| BTT BlackRock 2030 Muni TRGT TRM | Add +0.6% | 0.51% | +0.16 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.3% | 0.33% | +0.13 |
| XCEM Columbia Em Core Ex-China | Add +11.1% | 0.27% | +0.12 |
| FTSM First Trust Enh Short Mat FD | Add +2.4% | 0.31% | +0.09 |
| STIP iShares 0-5 Year Tips Bond E | New | 0.09% | +0.09 |
| VGLT Vanguard Long-Term Treasury | New | 0.09% | +0.09 |
| T AT&T Inc. | Add +22.1% | 0.20% | +0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +103.1% | 0.14% | +0.08 |
| RTX RTX Corp. | Add +4.7% | 0.22% | +0.08 |
| PULS Pgim Ultra Short Bond ETF | Add +4.6% | 0.24% | +0.07 |
| XMVTX BlackRock Munivest Fund II | Add +4.2% | 0.22% | +0.07 |
| SGOV iShares 0-3 Month Treasury B | New | 0.05% | +0.05 |
| COST Costco Wholesale Corp. | Add +7.6% | 0.14% | +0.05 |
| ESGU iShares ESG Aware MSCI USA | New | 0.04% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | Add +11.9% | 0.07% | +0.04 |
| TSLA Tesla Inc. | Add +4.3% | 0.09% | +0.04 |
| XOM Exxon Mobil Corp. | New | 0.04% | +0.04 |
| SLV iShares Silver Trust | New | 0.04% | +0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.03% | +0.03 |
| FTI Technipfmc PLC | New | 0.03% | +0.03 |
| ABT Abbott Laboratories | New | 0.03% | +0.03 |
| BA The Boeing Co. | New | 0.03% | +0.03 |
| XAR SS SPDR S&P Aerospace Def | New | 0.03% | +0.03 |
| SPYG SS SPDR P S&P 500 Growth ETF | New | 0.03% | +0.03 |
| DGRW Wisdomtree U.S. Quality Divi | New | 0.03% | +0.03 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.03% | +0.03 |
| SPGP Invesco S&P 500 Garp ETF | New | 0.03% | +0.03 |
| BKH Black Hills Corp. | New | 0.03% | +0.03 |
| XLC SS Comm Select Sector SPDR | New | 0.03% | +0.03 |
Notes & Other Activity Q1 2025 → Q2 2025
| GOVT iShares US Treasury Bond ETF | US TREAS BD ETF | New | 0 | $1 |
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 |