Financial Advocates Investment Management

OLYMPIA, WA

$178m in 104 US stocks at the end of 30 September 2025. The top 10 are 37.4% of the money. It changed about 62.2% of the portfolio this quarter.

Value

$178m

Stocks

104

Top 10 share

37.4%

Turnover

62.2%

What changed this quarter

New

Bought for the first time this quarter.

Pimco ETF TRZROZ
0.9% of the fund
Ishares TRIQLT
0.3% of the fund
PultegroupPHM
0.1% of the fund

Added

Bought more of a stock they already held.

Ishares TRAOM
2.5% of the fund
+4%
Ishares TROEF
1.1% of the fund
+7%
Sprott Asset Management LPPSLV
0.9% of the fund
+3%
Vanguard Index FDSVNQ
0.7% of the fund
+37%
Blackrock ETF TrustBAI
0.5% of the fund
+184%
J P Morgan Exchange Traded FHELO
0.4% of the fund
+13%
Blackrock ETF Trust IIHIMU
0.2% of the fund
+38%

Cut

Sold some of their stake.

AppleAAPL
10.2% of the fund
-68%
Spdr Gold TRGLD
4.4% of the fund
-58%
Pimco ETF TRMINT
3.4% of the fund
-18%
Ishares TRIVV
3.2% of the fund
-63%
Ishares TRIUSB
2.7% of the fund
-21%
Invesco Exchange Traded FD TXLG
2.6% of the fund
-8%
Pacer FDS TRPTLC
2.5% of the fund
-23%
Vanguard Index FDSVTI
2.3% of the fund
-87%
State STR Spdr S&P 500 ETF TSPY
2.2% of the fund
-91%
J P Morgan Exchange Traded FJGRO
2.2% of the fund
-76%
Vanguard BD Index FDSBND
2.1% of the fund
-66%
Invesco Exch Traded FD TR IISPMO
2.1% of the fund
-14%
Vanguard World FDVPU
1.7% of the fund
-7%
Blackrock ETF TrustDYNF
1.7% of the fund
-2%
Ishares TRIVW
1.7% of the fund
-84%
Invesco Exch Traded FD TR IIQQQM
1.7% of the fund
-25%
Ishares TRMUB
1.7% of the fund
-43%
Ishares TRIGSB
1.5% of the fund
-11%
Ishares TREFV
1.4% of the fund
-8%
Ishares Silver TRSLV
1.4% of the fund
-45%
MicrosoftMSFT
1.3% of the fund
-91%
Ishares TRIEF
1.3% of the fund
-49%
Ishares TRQUAL
1.3% of the fund
-89%
Ishares TRUSMV
1.2% of the fund
-38%
Ishares TRIVE
1.2% of the fund
-83%

Sold out

Sold their entire stake.

Ishares TRIEFA
-100%
Ishares TRIUSG
-100%
Ishares TRIUSV
-100%
Spdr Series TrustBILS
-100%
Axon EnterpriseAXON
-100%
Spdr Series TrustSPYM
-100%
Ishares TRIJH
-100%
Ishares TRIWM
-100%
Ishares TRIJR
-100%
Invesco Exchange Traded FD TSPHQ
-100%
Spdr Series TrustSPYG
-100%
Spdr Series TrustSPYV
-100%
Spdr Series TrustSPIB
-100%
Vanguard Scottsdale FDSVCIT
-100%
ShopifySHOP
-100%
StrategyMSTR
-100%
Spdr Series TrustSPSB
-100%
Northern LTS FD TR IVBIBL
-100%
Vanguard Malvern FDSVTIP
-100%
CaterpillarCAT
-100%
Ishares TRAGG
-100%
Spdr Series TrustMDYG
-100%
Spdr Series TrustSLYV
-100%
American Centy ETF TRAVDE
-100%
First TR Exchng Traded FD VIBUFR
-100%

Holdings

AppleAAPL
Share
10.2%
Value
$18m
Shares
71,372
-68%
Spdr Gold TRGLD
Share
4.4%
Value
$8m
Shares
21,837
-58%
Ishares TRAOA
Share
3.5%
Value
$6m
Shares
71,608
Held
Pimco ETF TRMINT
Share
3.4%
Value
$6m
Shares
59,889
-18%
Ishares TRIVV
Share
3.2%
Value
$6m
Shares
8,485
-63%
Ishares TRIUSB
Share
2.7%
Value
$5m
Shares
101,424
-21%
Invesco Exchange Traded FD TXLG
Share
2.6%
Value
$5m
Shares
80,409
-8%
Pacer FDS TRPTLC
Share
2.5%
Value
$5m
Shares
82,362
-23%
Ishares TRAOM
Share
2.5%
Value
$4m
Shares
93,348
+4%
Ishares TRITA
Share
2.4%
Value
$4m
Shares
19,979
Held
Vanguard Index FDSVTI
Share
2.3%
Value
$4m
Shares
12,358
-87%
State STR Spdr S&P 500 ETF TSPY
Share
2.2%
Value
$4m
Shares
5,931
-91%
J P Morgan Exchange Traded FJGRO
Share
2.2%
Value
$4m
Shares
41,414
-76%
Vanguard BD Index FDSBND
Share
2.1%
Value
$4m
Shares
49,253
-66%
Invesco Exch Traded FD TR IISPMO
Share
2.1%
Value
$4m
Shares
30,187
-14%
Vanguard World FDVPU
Share
1.7%
Value
$3m
Shares
16,395
-7%
Blackrock ETF TrustDYNF
Share
1.7%
Value
$3m
Shares
50,979
-2%
Ishares TRIVW
Share
1.7%
Value
$3m
Shares
24,989
-84%
Invesco Exch Traded FD TR IIQQQM
Share
1.7%
Value
$3m
Shares
12,012
-25%
Ishares TRMUB
Share
1.7%
Value
$3m
Shares
27,564
-43%
ETF SER SolutionsSPDV
Share
1.6%
Value
$3m
Shares
79,724
Held
Ishares TRIGSB
Share
1.5%
Value
$3m
Shares
51,395
-11%
Ishares TREFV
Share
1.4%
Value
$3m
Shares
37,332
-8%
Ishares Silver TRSLV
Share
1.4%
Value
$2m
Shares
57,484
-45%
MicrosoftMSFT
Share
1.3%
Value
$2m
Shares
4,562
-91%
Ishares TRIEF
Share
1.3%
Value
$2m
Shares
24,395
-49%
Ishares TRQUAL
Share
1.3%
Value
$2m
Shares
12,028
-89%
Ishares TRUSMV
Share
1.2%
Value
$2m
Shares
21,568
-38%
Ishares TRIVE
Share
1.2%
Value
$2m
Shares
10,181
-83%
Ishares TROEF
Share
1.1%
Value
$2m
Shares
6,106
+7%
IsharesIEMG
Share
1.1%
Value
$2m
Shares
29,509
-90%
Meta PlatformsMETA
Share
1.0%
Value
$2m
Shares
2,343
-67%
AlphabetGOOG
Share
1.0%
Value
$2m
Shares
7,052
-59%
Sprott Asset Management LPPSLV
Share
0.9%
Value
$2m
Shares
105,499
+3%
Pimco ETF TRZROZ
Share
0.9%
Value
$2m
Shares
22,499
New
NvidiaNVDA
Share
0.9%
Value
$2m
Shares
8,160
-97%
Ishares TRMBB
Share
0.8%
Value
$1m
Shares
15,174
-91%
Amazon.comAMZN
Share
0.8%
Value
$1m
Shares
6,391
-89%
Ishares TRSTIP
Share
0.8%
Value
$1m
Shares
13,137
-42%
Pacer FDS TRCOWZ
Share
0.7%
Value
$1m
Shares
22,885
-82%
Vanguard Index FDSVNQ
Share
0.7%
Value
$1m
Shares
14,009
+37%
Vaneck ETF TrustGDX
Share
0.7%
Value
$1m
Shares
16,749
-31%
Blackrock ETF TrustTHRO
Share
0.7%
Value
$1m
Shares
33,078
Held
Vanguard Whitehall FDSVYM
Share
0.7%
Value
$1m
Shares
8,265
-42%
Blackrock ETF Trust IIBINC
Share
0.6%
Value
$1m
Shares
20,628
-23%
Vanguard Star FDSVXUS
Share
0.6%
Value
$1m
Shares
14,356
-7%
Select Sector Spdr TRXLV
Share
0.6%
Value
$1m
Shares
7,519
-53%
Vanguard Index FDSVB
Share
0.6%
Value
$1m
Shares
4,100
-78%
AlphabetGOOGL
Share
0.6%
Value
$1m
Shares
4,286
-83%
Vanguard World FDMGK
Share
0.5%
Value
$958,162
Shares
2,381
-31%
Ishares Gold TRIAU
Share
0.5%
Value
$952,122
Shares
13,084
-57%
Ishares TRTLT
Share
0.5%
Value
$901,833
Shares
10,091
-78%
Ishares TRIAGG
Share
0.5%
Value
$892,939
Shares
17,430
-30%
Blackrock ETF TrustBAI
Share
0.5%
Value
$871,149
Shares
25,502
+184%
Capital Group Dividend ValueCGDV
Share
0.5%
Value
$842,478
Shares
20,045
-93%
Amplify ETF TRHACK
Share
0.5%
Value
$816,875
Shares
9,411
-15%
TeslaTSLA
Share
0.5%
Value
$813,837
Shares
1,830
-96%
Ishares TRIYW
Share
0.4%
Value
$799,819
Shares
4,084
-62%
J P Morgan Exchange Traded FHELO
Share
0.4%
Value
$799,110
Shares
12,294
+13%
Vanguard Index FDSVOO
Share
0.4%
Value
$793,693
Shares
1,296
-76%
Pacer FDS TRCALF
Share
0.4%
Value
$774,908
Shares
17,700
-61%
Capital Group GBL Growth EQTCGGO
Share
0.4%
Value
$750,339
Shares
21,959
-49%
Ishares TREEM
Share
0.4%
Value
$745,758
Shares
13,966
-26%
Goldman Sachs ETF TRGBIL
Share
0.4%
Value
$731,081
Shares
7,294
-48%
Vanguard Intl Equity Index FVWO
Share
0.4%
Value
$717,263
Shares
13,239
-73%
Vanguard Intl Equity Index FVEU
Share
0.4%
Value
$715,805
Shares
10,030
-35%
Invesco Exchange Traded FD TXMMO
Share
0.4%
Value
$688,310
Shares
5,090
-62%
Invesco QQQ TRQQQ
Share
0.4%
Value
$661,889
Shares
1,102
-93%
Ishares TRUSHY
Share
0.4%
Value
$651,895
Shares
17,255
-7%
Ishares TREFG
Share
0.3%
Value
$615,648
Shares
5,406
-57%
Ishares TRIQLT
Share
0.3%
Value
$594,849
Shares
2,320
New
Costco WholesaleCOST
Share
0.3%
Value
$543,951
Shares
588
-86%
Vanguard Specialized FundsVIG
Share
0.3%
Value
$507,191
Shares
2,350
-53%
VisaV
Share
0.3%
Value
$488,721
Shares
1,431
-91%
Schwab Strategic TRSCHG
Share
0.2%
Value
$440,154
Shares
13,794
-83%
Select Sector Spdr TRXLP
Share
0.2%
Value
$419,787
Shares
5,357
-37%
American Centy ETF TRQGRO
Share
0.2%
Value
$417,560
Shares
3,650
-29%
Blackrock ETF Trust IIHIMU
Share
0.2%
Value
$390,873
Shares
7,946
+38%
Ishares TREMB
Share
0.2%
Value
$390,152
Shares
4,099
-5%
Ishares TRIWY
Share
0.2%
Value
$381,399
Shares
1,394
-31%
Franklin Templeton ETF TRFLMI
Share
0.2%
Value
$375,094
Shares
15,143
-68%
Berkshire HathawayBRK-B
Share
0.2%
Value
$357,448
Shares
711
-89%
Ishares Bitcoin Trust ETFIBIT
Share
0.2%
Value
$332,345
Shares
5,113
-21%
Dimensional ETF TrustDFAC
Share
0.2%
Value
$327,382
Shares
8,488
-90%
Select Sector Spdr TRXLE
Share
0.2%
Value
$306,525
Shares
3,431
-91%
Ishares TRGOVT
Share
0.2%
Value
$298,940
Shares
12,930
-99%
Wisdomtree TRIQDG
Share
0.2%
Value
$289,363
Shares
7,256
-97%
Ishares TRIGF
Share
0.2%
Value
$288,896
Shares
5,132
-96%
Pacer FDS TRCOWG
Share
0.2%
Value
$283,505
Shares
7,810
-87%
Vanguard BD Index FDSBSV
Share
0.1%
Value
$264,979
Shares
3,358
-94%
NetflixNFLX
Share
0.1%
Value
$261,365
Shares
218
-88%
Pimco ETF TRPYLD
Share
0.1%
Value
$258,335
Shares
9,625
-20%
Schwab Strategic TRSCHX
Share
0.1%
Value
$252,731
Shares
9,595
-86%
OracleORCL
Share
0.1%
Value
$249,460
Shares
887
-81%
CintasCTAS
Share
0.1%
Value
$246,394
Shares
1,200
-59%
RTXRTX
Share
0.1%
Value
$233,760
Shares
1,397
-77%
PultegroupPHM
Share
0.1%
Value
$231,756
Shares
1,754
New
Marathon PetroleumMPC
Share
0.1%
Value
$229,361
Shares
1,190
-35%
Ishares TRIWF
Share
0.1%
Value
$224,837
Shares
480
-81%
American Centy ETF TRFLV
Share
0.1%
Value
$216,016
Shares
2,929
Held

Company	Share of fund	Value	Shares	Change
AppleAAPL	10.2%	$18m	71,372	-68%
Spdr Gold TRGLD	4.4%	$8m	21,837	-58%
Ishares TRAOA	3.5%	$6m	71,608	Held
Pimco ETF TRMINT	3.4%	$6m	59,889	-18%
Ishares TRIVV	3.2%	$6m	8,485	-63%
Ishares TRIUSB	2.7%	$5m	101,424	-21%
Invesco Exchange Traded FD TXLG	2.6%	$5m	80,409	-8%
Pacer FDS TRPTLC	2.5%	$5m	82,362	-23%
Ishares TRAOM	2.5%	$4m	93,348	+4%
Ishares TRITA	2.4%	$4m	19,979	Held
Vanguard Index FDSVTI	2.3%	$4m	12,358	-87%
State STR Spdr S&P 500 ETF TSPY	2.2%	$4m	5,931	-91%
J P Morgan Exchange Traded FJGRO	2.2%	$4m	41,414	-76%
Vanguard BD Index FDSBND	2.1%	$4m	49,253	-66%
Invesco Exch Traded FD TR IISPMO	2.1%	$4m	30,187	-14%
Vanguard World FDVPU	1.7%	$3m	16,395	-7%
Blackrock ETF TrustDYNF	1.7%	$3m	50,979	-2%
Ishares TRIVW	1.7%	$3m	24,989	-84%
Invesco Exch Traded FD TR IIQQQM	1.7%	$3m	12,012	-25%
Ishares TRMUB	1.7%	$3m	27,564	-43%
ETF SER SolutionsSPDV	1.6%	$3m	79,724	Held
Ishares TRIGSB	1.5%	$3m	51,395	-11%
Ishares TREFV	1.4%	$3m	37,332	-8%
Ishares Silver TRSLV	1.4%	$2m	57,484	-45%
MicrosoftMSFT	1.3%	$2m	4,562	-91%
Ishares TRIEF	1.3%	$2m	24,395	-49%
Ishares TRQUAL	1.3%	$2m	12,028	-89%
Ishares TRUSMV	1.2%	$2m	21,568	-38%
Ishares TRIVE	1.2%	$2m	10,181	-83%
Ishares TROEF	1.1%	$2m	6,106	+7%
IsharesIEMG	1.1%	$2m	29,509	-90%
Meta PlatformsMETA	1.0%	$2m	2,343	-67%
AlphabetGOOG	1.0%	$2m	7,052	-59%
Sprott Asset Management LPPSLV	0.9%	$2m	105,499	+3%
Pimco ETF TRZROZ	0.9%	$2m	22,499	New
NvidiaNVDA	0.9%	$2m	8,160	-97%
Ishares TRMBB	0.8%	$1m	15,174	-91%
Amazon.comAMZN	0.8%	$1m	6,391	-89%
Ishares TRSTIP	0.8%	$1m	13,137	-42%
Pacer FDS TRCOWZ	0.7%	$1m	22,885	-82%
Vanguard Index FDSVNQ	0.7%	$1m	14,009	+37%
Vaneck ETF TrustGDX	0.7%	$1m	16,749	-31%
Blackrock ETF TrustTHRO	0.7%	$1m	33,078	Held
Vanguard Whitehall FDSVYM	0.7%	$1m	8,265	-42%
Blackrock ETF Trust IIBINC	0.6%	$1m	20,628	-23%
Vanguard Star FDSVXUS	0.6%	$1m	14,356	-7%
Select Sector Spdr TRXLV	0.6%	$1m	7,519	-53%
Vanguard Index FDSVB	0.6%	$1m	4,100	-78%
AlphabetGOOGL	0.6%	$1m	4,286	-83%
Vanguard World FDMGK	0.5%	$958,162	2,381	-31%
Ishares Gold TRIAU	0.5%	$952,122	13,084	-57%
Ishares TRTLT	0.5%	$901,833	10,091	-78%
Ishares TRIAGG	0.5%	$892,939	17,430	-30%
Blackrock ETF TrustBAI	0.5%	$871,149	25,502	+184%
Capital Group Dividend ValueCGDV	0.5%	$842,478	20,045	-93%
Amplify ETF TRHACK	0.5%	$816,875	9,411	-15%
TeslaTSLA	0.5%	$813,837	1,830	-96%
Ishares TRIYW	0.4%	$799,819	4,084	-62%
J P Morgan Exchange Traded FHELO	0.4%	$799,110	12,294	+13%
Vanguard Index FDSVOO	0.4%	$793,693	1,296	-76%
Pacer FDS TRCALF	0.4%	$774,908	17,700	-61%
Capital Group GBL Growth EQTCGGO	0.4%	$750,339	21,959	-49%
Ishares TREEM	0.4%	$745,758	13,966	-26%
Goldman Sachs ETF TRGBIL	0.4%	$731,081	7,294	-48%
Vanguard Intl Equity Index FVWO	0.4%	$717,263	13,239	-73%
Vanguard Intl Equity Index FVEU	0.4%	$715,805	10,030	-35%
Invesco Exchange Traded FD TXMMO	0.4%	$688,310	5,090	-62%
Invesco QQQ TRQQQ	0.4%	$661,889	1,102	-93%
Ishares TRUSHY	0.4%	$651,895	17,255	-7%
Ishares TREFG	0.3%	$615,648	5,406	-57%
Ishares TRIQLT	0.3%	$594,849	2,320	New
Costco WholesaleCOST	0.3%	$543,951	588	-86%
Vanguard Specialized FundsVIG	0.3%	$507,191	2,350	-53%
VisaV	0.3%	$488,721	1,431	-91%
Schwab Strategic TRSCHG	0.2%	$440,154	13,794	-83%
Select Sector Spdr TRXLP	0.2%	$419,787	5,357	-37%
American Centy ETF TRQGRO	0.2%	$417,560	3,650	-29%
Blackrock ETF Trust IIHIMU	0.2%	$390,873	7,946	+38%
Ishares TREMB	0.2%	$390,152	4,099	-5%
Ishares TRIWY	0.2%	$381,399	1,394	-31%
Franklin Templeton ETF TRFLMI	0.2%	$375,094	15,143	-68%
Berkshire HathawayBRK-B	0.2%	$357,448	711	-89%
Ishares Bitcoin Trust ETFIBIT	0.2%	$332,345	5,113	-21%
Dimensional ETF TrustDFAC	0.2%	$327,382	8,488	-90%
Select Sector Spdr TRXLE	0.2%	$306,525	3,431	-91%
Ishares TRGOVT	0.2%	$298,940	12,930	-99%
Wisdomtree TRIQDG	0.2%	$289,363	7,256	-97%
Ishares TRIGF	0.2%	$288,896	5,132	-96%
Pacer FDS TRCOWG	0.2%	$283,505	7,810	-87%
Vanguard BD Index FDSBSV	0.1%	$264,979	3,358	-94%
NetflixNFLX	0.1%	$261,365	218	-88%
Pimco ETF TRPYLD	0.1%	$258,335	9,625	-20%
Schwab Strategic TRSCHX	0.1%	$252,731	9,595	-86%
OracleORCL	0.1%	$249,460	887	-81%
CintasCTAS	0.1%	$246,394	1,200	-59%
RTXRTX	0.1%	$233,760	1,397	-77%
PultegroupPHM	0.1%	$231,756	1,754	New
Marathon PetroleumMPC	0.1%	$229,361	1,190	-35%
Ishares TRIWF	0.1%	$224,837	480	-81%
American Centy ETF TRFLV	0.1%	$216,016	2,929	Held

Showing the largest 100 of 104.

Over time and by industry

Value over time

Sep '25

Value is down 85.5% since 30 June 2025.

Where the money is

Technology12.5%

Media & telecom2.7%

Retail & consumer1.4%

Financial services0.6%

Everyday goods0.3%

Industrials0.3%

Energy0.1%

Other82.1%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.