Note Advisors

BUFFALO, NYfiles as Note Advisors, LLC

$231m in 86 US stocks at the end of 30 June 2026. The top 10 are 65.2% of the money. It changed about 5.0% of the portfolio this quarter.

Value

$231m

Stocks

Top 10 share

65.2%

Turnover

5.0%

What changed this quarter

New

Bought for the first time this quarter.

IsharesEMHY
0.6% of the fund
Spdr Series TrustSPYM
<0.1% of the fund
Schwab Strategic TRSCHX
<0.1% of the fund

Added

Bought more of a stock they already held.

Dimensional ETF TrustDFAU
23.8% of the fund
+13%
Dimensional ETF TrustDFCF
10.6% of the fund
+22%
Dimensional ETF TrustDFAI
8.3% of the fund
+13%
Vanguard BD Index FDSBND
4.0% of the fund
+7%
Dimensional ETF TrustDFAE
3.3% of the fund
+2%
Ishares TRNYF
2.4% of the fund
+4%
Vanguard Whitehall FDSVYMI
2.3% of the fund
+4%
First TR Exch Traded FD IIIFPE
1.8% of the fund
+10%
Ishares TRLQD
1.8% of the fund
+9%
Dimensional ETF TrustDFGX
1.6% of the fund
+12%
Spdr Series TrustSPIP
1.3% of the fund
+5%
Dimensional ETF TrustDFAR
1.3% of the fund
+19%
Dimensional ETF TrustDFNM
1.3% of the fund
+7%
Global X FDSQYLD
1.2% of the fund
+2%
Dimensional ETF TrustDCOR
1.2% of the fund
+10%
Ishares U S ETF TRCOMT
1.1% of the fund
+8%
Schwab Strategic TRSCHD
1.1% of the fund
+3%
J P Morgan Exchange Traded FJEPI
1.0% of the fund
+6%
Vanguard Specialized FundsVIG
1.0% of the fund
+3%
Vanguard MUN BD FDSVTEB
0.8% of the fund
+8%
Invesco Exch Traded FD TR IIPZT
0.8% of the fund
+11%
Spdr Series TrustSPHY
0.5% of the fund
+6%
Schwab Strategic TRSCHZ
0.2% of the fund
+2%
Meta PlatformsMETA
0.1% of the fund
+7%
Abrdn EtfsBCD
0.1% of the fund
+28%

Cut

Sold some of their stake.

Vanguard Scottsdale FDSVONE
3.1% of the fund
-3%
Ishares TRTIP
0.5% of the fund
-6%
AppleAAPL
0.5% of the fund
-2%
Ishares TRIAGG
0.4% of the fund
-3%
Goldman Sachs ETF TRGIGB
0.4% of the fund
-11%
MicrosoftMSFT
0.3% of the fund
-14%
AlphabetGOOGL
0.3% of the fund
-5%
Bondbloxx ETF TrustXHLF
0.2% of the fund
-50%
Global X FDSXYLD
0.2% of the fund
-6%
Analog DevicesADI
0.2% of the fund
-3%
Vanguard Whitehall FDSVWOB
0.2% of the fund
-41%
Amazon.comAMZN
0.2% of the fund
-15%
Global X FDSPFFD
0.1% of the fund
-15%
Ssga Active TR
0.1% of the fund
-78%
Home DepotHD
0.1% of the fund
-15%
JPMorgan ChaseJPM
0.1% of the fund
-3%
Ishares TRHDV
0.1% of the fund
-2%
CitigroupC
0.1% of the fund
-7%
Vanguard Index FDSVTI
0.1% of the fund
-63%
NvidiaNVDA
<0.1% of the fund
-26%
Ishares TRICF
<0.1% of the fund
-16%
CencoraCOR
<0.1% of the fund
-3%

Sold out

Sold their entire stake.

Abrdn Precious Metals BasketGLTR
-100%
Vaneck ETF TrustANGL
-100%

Holdings

Dimensional ETF TrustDFAU
Share
23.8%
Value
$55m
Shares
1,060,382
+13%
Dimensional ETF TrustDFCF
Share
10.6%
Value
$24m
Shares
579,174
+22%
Dimensional ETF TrustDFAI
Share
8.3%
Value
$19m
Shares
462,050
+13%
Dimensional ETF TrustDFAC
Share
4.9%
Value
$11m
Shares
253,344
Held
Vanguard BD Index FDSBND
Share
4.0%
Value
$9m
Shares
125,032
+7%
Dimensional ETF TrustDFAE
Share
3.3%
Value
$8m
Shares
190,093
+2%
Vanguard Scottsdale FDSVONE
Share
3.1%
Value
$7m
Shares
21,373
-3%
Vanguard Index FDSVNQ
Share
2.6%
Value
$6m
Shares
61,419
Held
Ishares TRNYF
Share
2.4%
Value
$5m
Shares
100,569
+4%
Vanguard Whitehall FDSVYMI
Share
2.3%
Value
$5m
Shares
54,128
+4%
First TR Exch Traded FD IIIFPE
Share
1.8%
Value
$4m
Shares
235,753
+10%
Ishares TRLQD
Share
1.8%
Value
$4m
Shares
38,208
+9%
Dimensional ETF TrustDFGX
Share
1.6%
Value
$4m
Shares
68,806
+12%
Vanguard Charlotte FDSBNDX
Share
1.5%
Value
$4m
Shares
72,898
Held
Vanguard Tax-Managed FDSVEA
Share
1.4%
Value
$3m
Shares
45,281
Held
Spdr Series TrustSPIP
Share
1.3%
Value
$3m
Shares
120,853
+5%
Dimensional ETF TrustDFAR
Share
1.3%
Value
$3m
Shares
114,242
+19%
Dimensional ETF TrustDFNM
Share
1.3%
Value
$3m
Shares
61,502
+7%
Global X FDSQYLD
Share
1.2%
Value
$3m
Shares
152,902
+2%
Dimensional ETF TrustDCOR
Share
1.2%
Value
$3m
Shares
33,347
+10%
Ishares U S ETF TRCOMT
Share
1.1%
Value
$2m
Shares
80,288
+8%
Schwab Strategic TRSCHD
Share
1.1%
Value
$2m
Shares
76,417
+3%
J P Morgan Exchange Traded FJEPI
Share
1.0%
Value
$2m
Shares
41,575
+6%
Vanguard Specialized FundsVIG
Share
1.0%
Value
$2m
Shares
9,769
+3%
AlphabetGOOG
Share
1.0%
Value
$2m
Shares
6,326
Held
Vanguard MUN BD FDSVTEB
Share
0.8%
Value
$2m
Shares
38,465
+8%
Invesco Exch Traded FD TR IIPZT
Share
0.8%
Value
$2m
Shares
81,448
+11%
IsharesEMHY
Share
0.6%
Value
$1m
Shares
36,663
New
Ishares TRIXUS
Share
0.6%
Value
$1m
Shares
13,852
Held
Ishares TRIWB
Share
0.6%
Value
$1m
Shares
3,165
Held
Dimensional ETF TrustDFIC
Share
0.5%
Value
$1m
Shares
32,307
Held
Spdr Series TrustSPHY
Share
0.5%
Value
$1m
Shares
50,622
+6%
Ishares TRTIP
Share
0.5%
Value
$1m
Shares
10,763
-6%
AppleAAPL
Share
0.5%
Value
$1m
Shares
3,791
-2%
McDonald'sMCD
Share
0.5%
Value
$1m
Shares
4,027
Held
Ishares TRMUB
Share
0.5%
Value
$1m
Shares
9,677
Held
Ishares TRIAGG
Share
0.4%
Value
$978,199
Shares
19,332
-3%
Goldman Sachs ETF TRGIGB
Share
0.4%
Value
$916,869
Shares
19,971
-11%
NBT BancorpNBTB
Share
0.4%
Value
$891,008
Shares
18,048
Held
MicrosoftMSFT
Share
0.3%
Value
$792,599
Shares
2,125
-14%
United Airlines HoldingsUAL
Share
0.3%
Value
$790,510
Shares
5,813
Held
Vanguard Scottsdale FDSVTC
Share
0.3%
Value
$715,008
Shares
9,310
Held
Vanguard Intl Equity Index FVWO
Share
0.3%
Value
$631,009
Shares
10,571
Held
AlphabetGOOGL
Share
0.3%
Value
$585,015
Shares
1,637
-5%
BroadcomAVGO
Share
0.2%
Value
$565,492
Shares
1,497
Held
Invesco QQQ TRQQQ
Share
0.2%
Value
$512,534
Shares
696
Held
Vanguard Russell 2000VTWV
Share
0.2%
Value
$493,877
Shares
2,527
Held
Vanguard Star FDSVXUS
Share
0.2%
Value
$486,096
Shares
5,686
Held
Vanguard Index FDSVTV
Share
0.2%
Value
$479,228
Shares
2,199
Held
Bondbloxx ETF TrustXHLF
Share
0.2%
Value
$473,625
Shares
9,416
-50%
Global X FDSXYLD
Share
0.2%
Value
$451,015
Shares
11,057
-6%
Vanguard Index FDSVOE
Share
0.2%
Value
$447,169
Shares
2,263
Held
Berkshire HathawayBRK-B
Share
0.2%
Value
$426,899
Shares
853
Held
Dimensional ETF TrustDFIP
Share
0.2%
Value
$422,823
Shares
10,249
Held
Analog DevicesADI
Share
0.2%
Value
$420,629
Shares
1,059
-3%
Vanguard Whitehall FDSVWOB
Share
0.2%
Value
$419,443
Shares
6,238
-41%
Schwab Strategic TRSCHZ
Share
0.2%
Value
$415,908
Shares
17,981
+2%
Amazon.comAMZN
Share
0.2%
Value
$395,536
Shares
1,660
-15%
Schwab Strategic TRSCHR
Share
0.2%
Value
$369,111
Shares
14,968
Held
M&T BankMTB
Share
0.2%
Value
$366,291
Shares
1,539
Held
Ishares TRAGG
Share
0.2%
Value
$365,731
Shares
3,695
Held
Ishares TRSGOV
Share
0.2%
Value
$365,633
Shares
3,632
Held
Global X FDSPFFD
Share
0.1%
Value
$338,999
Shares
18,138
-15%
Meta PlatformsMETA
Share
0.1%
Value
$329,030
Shares
584
+7%
Ishares TREEM
Share
0.1%
Value
$324,605
Shares
4,745
Held
Ishares TRESGU
Share
0.1%
Value
$323,085
Shares
1,974
Held
Ssga Active TR
Share
0.1%
Value
$305,502
Shares
7,154
-78%
Abrdn EtfsBCD
Share
0.1%
Value
$305,438
Shares
8,944
+28%
Home DepotHD
Share
0.1%
Value
$287,097
Shares
814
-15%
Ishares TRDGRO
Share
0.1%
Value
$277,164
Shares
3,657
Held
Spdr Series TrustSPYV
Share
0.1%
Value
$272,582
Shares
4,484
Held
JPMorgan ChaseJPM
Share
0.1%
Value
$262,846
Shares
803
-3%
ExxonMobil HoldingsXOM
Share
0.1%
Value
$255,973
Shares
1,872
Held
Ishares TRHDV
Share
0.1%
Value
$254,118
Shares
9,271
-2%
CitigroupC
Share
0.1%
Value
$242,831
Shares
1,735
-7%
WalmartWMT
Share
0.1%
Value
$242,645
Shares
2,142
Held
Vanguard Index FDSVTI
Share
0.1%
Value
$241,266
Shares
652
-63%
TeslaTSLA
Share
0.1%
Value
$231,981
Shares
552
Held
Spdr Series TrustMDYV
Share
<0.1%
Value
$227,925
Shares
2,403
Held
Ishares TRSCZ
Share
<0.1%
Value
$227,394
Shares
2,764
Held
Morgan Stanley ETF TrustEVSD
Share
<0.1%
Value
$221,931
Shares
4,364
Held
Spdr Series TrustSPYM
Share
<0.1%
Value
$221,370
Shares
2,519
New
NvidiaNVDA
Share
<0.1%
Value
$212,036
Shares
1,060
-26%
Ishares TRICF
Share
<0.1%
Value
$208,233
Shares
3,079
-16%
Schwab Strategic TRSCHX
Share
<0.1%
Value
$202,684
Shares
6,887
New
CencoraCOR
Share
<0.1%
Value
$201,482
Shares
712
-3%

Company	Share of fund	Value	Shares	Change
Dimensional ETF TrustDFAU	23.8%	$55m	1,060,382	+13%
Dimensional ETF TrustDFCF	10.6%	$24m	579,174	+22%
Dimensional ETF TrustDFAI	8.3%	$19m	462,050	+13%
Dimensional ETF TrustDFAC	4.9%	$11m	253,344	Held
Vanguard BD Index FDSBND	4.0%	$9m	125,032	+7%
Dimensional ETF TrustDFAE	3.3%	$8m	190,093	+2%
Vanguard Scottsdale FDSVONE	3.1%	$7m	21,373	-3%
Vanguard Index FDSVNQ	2.6%	$6m	61,419	Held
Ishares TRNYF	2.4%	$5m	100,569	+4%
Vanguard Whitehall FDSVYMI	2.3%	$5m	54,128	+4%
First TR Exch Traded FD IIIFPE	1.8%	$4m	235,753	+10%
Ishares TRLQD	1.8%	$4m	38,208	+9%
Dimensional ETF TrustDFGX	1.6%	$4m	68,806	+12%
Vanguard Charlotte FDSBNDX	1.5%	$4m	72,898	Held
Vanguard Tax-Managed FDSVEA	1.4%	$3m	45,281	Held
Spdr Series TrustSPIP	1.3%	$3m	120,853	+5%
Dimensional ETF TrustDFAR	1.3%	$3m	114,242	+19%
Dimensional ETF TrustDFNM	1.3%	$3m	61,502	+7%
Global X FDSQYLD	1.2%	$3m	152,902	+2%
Dimensional ETF TrustDCOR	1.2%	$3m	33,347	+10%
Ishares U S ETF TRCOMT	1.1%	$2m	80,288	+8%
Schwab Strategic TRSCHD	1.1%	$2m	76,417	+3%
J P Morgan Exchange Traded FJEPI	1.0%	$2m	41,575	+6%
Vanguard Specialized FundsVIG	1.0%	$2m	9,769	+3%
AlphabetGOOG	1.0%	$2m	6,326	Held
Vanguard MUN BD FDSVTEB	0.8%	$2m	38,465	+8%
Invesco Exch Traded FD TR IIPZT	0.8%	$2m	81,448	+11%
IsharesEMHY	0.6%	$1m	36,663	New
Ishares TRIXUS	0.6%	$1m	13,852	Held
Ishares TRIWB	0.6%	$1m	3,165	Held
Dimensional ETF TrustDFIC	0.5%	$1m	32,307	Held
Spdr Series TrustSPHY	0.5%	$1m	50,622	+6%
Ishares TRTIP	0.5%	$1m	10,763	-6%
AppleAAPL	0.5%	$1m	3,791	-2%
McDonald'sMCD	0.5%	$1m	4,027	Held
Ishares TRMUB	0.5%	$1m	9,677	Held
Ishares TRIAGG	0.4%	$978,199	19,332	-3%
Goldman Sachs ETF TRGIGB	0.4%	$916,869	19,971	-11%
NBT BancorpNBTB	0.4%	$891,008	18,048	Held
MicrosoftMSFT	0.3%	$792,599	2,125	-14%
United Airlines HoldingsUAL	0.3%	$790,510	5,813	Held
Vanguard Scottsdale FDSVTC	0.3%	$715,008	9,310	Held
Vanguard Intl Equity Index FVWO	0.3%	$631,009	10,571	Held
AlphabetGOOGL	0.3%	$585,015	1,637	-5%
BroadcomAVGO	0.2%	$565,492	1,497	Held
Invesco QQQ TRQQQ	0.2%	$512,534	696	Held
Vanguard Russell 2000VTWV	0.2%	$493,877	2,527	Held
Vanguard Star FDSVXUS	0.2%	$486,096	5,686	Held
Vanguard Index FDSVTV	0.2%	$479,228	2,199	Held
Bondbloxx ETF TrustXHLF	0.2%	$473,625	9,416	-50%
Global X FDSXYLD	0.2%	$451,015	11,057	-6%
Vanguard Index FDSVOE	0.2%	$447,169	2,263	Held
Berkshire HathawayBRK-B	0.2%	$426,899	853	Held
Dimensional ETF TrustDFIP	0.2%	$422,823	10,249	Held
Analog DevicesADI	0.2%	$420,629	1,059	-3%
Vanguard Whitehall FDSVWOB	0.2%	$419,443	6,238	-41%
Schwab Strategic TRSCHZ	0.2%	$415,908	17,981	+2%
Amazon.comAMZN	0.2%	$395,536	1,660	-15%
Schwab Strategic TRSCHR	0.2%	$369,111	14,968	Held
M&T BankMTB	0.2%	$366,291	1,539	Held
Ishares TRAGG	0.2%	$365,731	3,695	Held
Ishares TRSGOV	0.2%	$365,633	3,632	Held
Global X FDSPFFD	0.1%	$338,999	18,138	-15%
Meta PlatformsMETA	0.1%	$329,030	584	+7%
Ishares TREEM	0.1%	$324,605	4,745	Held
Ishares TRESGU	0.1%	$323,085	1,974	Held
Ssga Active TR	0.1%	$305,502	7,154	-78%
Abrdn EtfsBCD	0.1%	$305,438	8,944	+28%
Home DepotHD	0.1%	$287,097	814	-15%
Ishares TRDGRO	0.1%	$277,164	3,657	Held
Spdr Series TrustSPYV	0.1%	$272,582	4,484	Held
JPMorgan ChaseJPM	0.1%	$262,846	803	-3%
ExxonMobil HoldingsXOM	0.1%	$255,973	1,872	Held
Ishares TRHDV	0.1%	$254,118	9,271	-2%
CitigroupC	0.1%	$242,831	1,735	-7%
WalmartWMT	0.1%	$242,645	2,142	Held
Vanguard Index FDSVTI	0.1%	$241,266	652	-63%
TeslaTSLA	0.1%	$231,981	552	Held
Spdr Series TrustMDYV	<0.1%	$227,925	2,403	Held
Ishares TRSCZ	<0.1%	$227,394	2,764	Held
Morgan Stanley ETF TrustEVSD	<0.1%	$221,931	4,364	Held
Spdr Series TrustSPYM	<0.1%	$221,370	2,519	New
NvidiaNVDA	<0.1%	$212,036	1,060	-26%
Ishares TRICF	<0.1%	$208,233	3,079	-16%
Schwab Strategic TRSCHX	<0.1%	$202,684	6,887	New
CencoraCOR	<0.1%	$201,482	712	-3%

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 59.5% since 30 June 2025.

Where the money is

Media & telecom1.4%

Technology1.3%

Financial services0.9%

Retail & consumer0.9%

Industrials0.3%

Energy0.1%

Everyday goods0.1%

Health care0.1%

Other94.8%

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.