13F COMBINATION REPORT

Gallagher Benefit Services, Inc.

Quarter ended Q1 2023 · Filed February 27, 2023 · Accession 0001683168-23-001146

Total Value

$476.0M

Positions

186

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (186)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES TR	464287226	316,728	$30.7M	6.45%
2	VANGUARD INDEX FDS	922908611	192,369	$30.6M	6.42%
3	ISHARES TR	464287663	421,717	$29.8M	6.26%
4	VANGUARD ADMIRAL FDS INC	921932778	175,850	$27.6M	5.80%
5	ISHARES TR	46434V407	645,888	$26.4M	5.55%
6	ISHARES TR	46432F842	427,020	$26.3M	5.53%
7	ISHARES TR	46434V621	375,087	$18.8M	3.94%
8	ISHARES TR	464288646	364,162	$18.1M	3.81%
9	ISHARES INC	46434G103	386,682	$18.1M	3.79%
10	VANGUARD INDEX FDS	922908744	107,875	$15.1M	3.18%
11	ISHARES TR	464287671	185,535	$15.1M	3.18%
12	STARBOARD INVT TR	STHO	1,722,822	$14.4M	3.02%
13	STARBOARD INVT TR	STHO	1,778,282	$13.6M	2.86%
14	ISHARES TR	464288604	343,099	$12.4M	2.60%
15	VANGUARD INDEX FDS	922908595	59,678	$12.0M	2.52%
16	ISHARES TR	46429B663	101,918	$10.6M	2.23%
17	ISHARES U S ETF TR	46431W705	82,932	$7.5M	1.58%
18	VANGUARD INDEX FDS	922908736	31,709	$6.8M	1.42%
19	ISHARES TR	46434V613	137,510	$6.2M	1.30%
20	PIMCO INCOME STRATEGY FD	72201H108	595,899	$4.8M	1.02%
21	ISHARES TR	46429B697	63,658	$4.6M	0.96%
22	FIRST TR EXCHNG TRADED FD VI	33740F631	139,873	$4.2M	0.89%
23	SELECT SECTOR SPDR TR	81369Y803	29,735	$3.7M	0.78%
24	ISHARES TR	46432F396	24,048	$3.5M	0.74%
25	FIRST TR MULTI CAP GROWTH AL	33733F101	35,744	$3.4M	0.71%
26	PACER FDS TR	69374H816	85,947	$3.0M	0.64%
27	3M CO	MMM	25,148	$3.0M	0.63%
28	FS KKR CAP CORP	FSK	166,654	$2.9M	0.61%
29	APPLE INC	AAPL	20,722	$2.7M	0.57%
30	STARBOARD INVT TR	STHO	200,315	$2.6M	0.54%
31	SELECT SECTOR SPDR TR	81369Y308	33,471	$2.5M	0.52%
32	EXXON MOBIL CORP	XOM	18,258	$2.0M	0.42%
33	SELECT SECTOR SPDR TR	81369Y209	14,234	$1.9M	0.41%
34	SELECT SECTOR SPDR TR	81369Y407	14,209	$1.8M	0.39%
35	AMAZON COM INC	AMZN	21,130	$1.8M	0.37%
36	DOMINION ENERGY INC	D	28,766	$1.8M	0.37%
37	SPDR SER TR	78464A359	24,327	$1.6M	0.33%
38	MICROSOFT CORP	MSFT	6,506	$1.6M	0.33%
39	PROSHARES TR	74347B391	29,369	$1.5M	0.31%
40	ISHARES TR	464287200	3,796	$1.5M	0.31%
41	SELECT SECTOR SPDR TR	81369Y605	41,786	$1.4M	0.30%
42	NUVEEN CR STRATEGIES INCOME	NU	253,958	$1.3M	0.27%
43	CHEVRON CORP NEW	CVX	6,492	$1.2M	0.24%
44	COSTCO WHSL CORP NEW	22160K105	2,497	$1.1M	0.24%
45	MCDONALDS CORP	MCD	4,278	$1.1M	0.24%
46	PROCTER AND GAMBLE CO	742718109	7,427	$1.1M	0.24%
47	ISHARES TR	464287762	3,898	$1.1M	0.23%
48	SELECT SECTOR SPDR TR	81369Y704	11,098	$1.1M	0.23%
49	BANK MONTREAL MEDIUM	063679856	78,000	$1.1M	0.22%
50	GOLDMAN SACHS ETF TR	NVGLF	13,693	$1.0M	0.22%
51	MERCK & CO INC	MRK	9,210	$1.0M	0.21%
52	JPMORGAN CHASE & CO	VYLD	7,603	$1.0M	0.21%
53	XCEL ENERGY INC	XELLL	14,495	$1.0M	0.21%
54	ISHARES TR	464287457	12,223	$992,267	0.21%
55	SPDR S&P 500 ETF TR	SPY	2,574	$984,443	0.21%
56	SELECT SECTOR SPDR TR	81369Y852	20,332	$975,763	0.21%
57	PROSHARES TR	74347X864	29,772	$975,668	0.20%
58	PFIZER INC	PFE	18,818	$964,627	0.20%
59	VERIZON COMMUNICATIONS INC	VZ	24,482	$964,624	0.20%
60	WALMART INC	WMT	6,777	$960,901	0.20%
61	CHIMERA INVT CORP	16934Q208	174,641	$960,543	0.20%
62	NIO INC	NIOIF	97,400	$949,651	0.20%
63	AT&T INC	T-PC	50,750	$934,272	0.20%
64	UNITEDHEALTH GROUP INC	UNH	1,746	$926,361	0.19%
65	SHELL PLC	RYDAF	16,187	$922,252	0.19%
66	AMERICAN ELEC PWR CO INC	025537101	9,416	$894,701	0.19%
67	EMERSON ELEC CO	EMR	9,186	$882,577	0.19%
68	WELLS FARGO CO NEW	949746101	21,320	$880,629	0.19%
69	ISHARES TR	464287804	9,279	$878,583	0.18%
70	ISHARES TR	464287721	11,707	$872,283	0.18%
71	PEPSICO INC	PEP	4,779	$863,707	0.18%
72	COCA COLA CO	KO	13,229	$841,964	0.18%
73	HONEYWELL INTL INC	438516106	3,871	$829,557	0.17%
74	NUVEEN FLOATING RATE INCOME	67072T108	104,018	$823,821	0.17%
75	STARBOARD INVT TR	STHO	39,070	$800,697	0.17%
76	SIMON PPTY GROUP INC NEW	828806109	6,804	$800,160	0.17%
77	SMUCKER J M CO	832696405	5,002	$793,291	0.17%
78	EATON CORP PLC	ETN	4,959	$778,841	0.16%
79	TARGET CORP	TGT	5,195	$773,910	0.16%
80	SONOCO PRODS CO	835495102	12,553	$762,626	0.16%
81	MANULIFE FINL CORP	56501R106	42,351	$755,529	0.16%
82	FIDELITY NATIONAL FINANCIAL	FNF	19,984	$751,868	0.16%
83	UNITED PARCEL SERVICE INC	UPS	4,283	$745,145	0.16%
84	SELECT SECTOR SPDR TR	81369Y506	8,341	$729,628	0.15%
85	PAYCHEX INC	PAYX	6,308	$729,389	0.15%
86	LYONDELLBASELL INDUSTRIES N	LYB	8,733	$725,714	0.15%
87	EDISON INTL	281020107	11,344	$722,195	0.15%
88	MEDICAL PPTYS TRUST INC	58463J304	64,601	$719,655	0.15%
89	TRUIST FINL CORP	89832Q109	16,715	$719,246	0.15%
90	TOYOTA MOTOR CORP	TOYOF	5,253	$717,786	0.15%
91	DISNEY WALT CO	254687106	8,247	$716,472	0.15%
92	NATIONAL GRID PLC	NMPWP	11,717	$706,777	0.15%
93	STARBOARD INVT TR	STHO	60,059	$702,763	0.15%
94	WALGREENS BOOTS ALLIANCE INC	931427108	18,775	$701,405	0.15%
95	HANESBRANDS INC	410345102	106,710	$678,648	0.14%
96	WELLTOWER INC	WELL	10,195	$668,679	0.14%
97	MASTERCARD INCORPORATED	MA	1,890	$657,214	0.14%
98	ISHARES TR	464287630	4,666	$647,365	0.14%
99	KRANESHARES TR	500767728	22,087	$637,105	0.13%
100	PACER FDS TR	69374H642	30,712	$617,585	0.13%
101	FORD MTR CO DEL	345370860	52,557	$611,238	0.13%
102	DOLLAR GEN CORP NEW	256677105	2,364	$582,227	0.12%
103	TESLA INC	TSLA	4,598	$566,382	0.12%
104	KINDER MORGAN INC DEL	EP-PC	31,115	$562,553	0.12%
105	THERMO FISHER SCIENTIFIC INC	TMO	1,011	$557,353	0.12%
106	VANGUARD WHITEHALL FDS	921946406	5,049	$546,372	0.11%
107	ISHARES TR	464287168	4,475	$539,694	0.11%
108	ISHARES TR	464288414	5,025	$530,211	0.11%
109	RAYTHEON TECHNOLOGIES CORP	RTX	5,009	$505,485	0.11%
110	ISHARES TR	464288877	10,976	$503,525	0.11%
111	BARRICK GOLD CORP	067901108	29,208	$501,792	0.11%
112	ISHARES TR	464287739	5,938	$499,896	0.11%
113	DONALDSON INC	DCI	8,345	$491,270	0.10%
114	VANGUARD INDEX FDS	922908769	2,531	$483,941	0.10%
115	ISHARES TR	464288752	7,931	$480,661	0.10%
116	HOME DEPOT INC	HD	1,452	$458,777	0.10%
117	KRANESHARES TR	500767710	18,142	$456,526	0.10%
118	PLUG POWER INC	PLUG	36,650	$453,361	0.10%
119	WISDOMTREE TR	WT	15,653	$445,155	0.09%
120	ISHARES TR	464287408	3,061	$444,051	0.09%
121	SELECT SECTOR SPDR TR	81369Y886	6,062	$427,359	0.09%
122	JOHNSON & JOHNSON	JNJ	2,154	$380,553	0.08%
123	ARK ETF TR	00214Q104	11,708	$365,769	0.08%
124	J P MORGAN EXCHANGE TRADED F	46641Q332	6,615	$360,553	0.08%
125	PACER FDS TR	69374H840	12,504	$358,214	0.08%
126	SELECT SECTOR SPDR TR	81369Y100	4,526	$351,681	0.07%
127	LITMAN GREGORY FDS TR	53700T827	11,888	$346,059	0.07%
128	SCHWAB STRATEGIC TR	808524607	8,506	$344,578	0.07%
129	J P MORGAN EXCHANGE TRADED F	46641Q837	6,848	$343,324	0.07%
130	NEWMARKET CORP	NEU	1,100	$342,221	0.07%
131	ABBVIE INC	ABBV	2,076	$335,827	0.07%
132	SELECT SECTOR SPDR TR	81369Y860	8,815	$325,548	0.07%
133	ISHARES TR	464287770	2,029	$319,741	0.07%
134	ISHARES TR	464289867	6,685	$315,171	0.07%
135	POOL CORP	POOL	1,040	$314,551	0.07%
136	ISHARES TR	464287648	1,401	$300,454	0.06%
137	US BANCORP DEL	USB-PS	6,848	$298,641	0.06%
138	MCKESSON CORP	MCK	787	$295,212	0.06%
139	FIRST TR EXCHANGE-TRADED FD	33738R506	6,584	$289,189	0.06%
140	FIRST TR EXCHNG TRADED FD VI	33740F664	8,717	$287,745	0.06%
141	ISHARES TR	464287879	3,103	$283,365	0.06%
142	VANGUARD ADMIRAL FDS INC	921932885	1,704	$278,725	0.06%
143	ISHARES TR	46435G425	3,280	$277,907	0.06%
144	INVESCO QQQ TR	IVZ	1,038	$277,280	0.06%
145	SPDR DOW JONES INDL AVERAGE	78467X109	833	$276,088	0.06%
146	CATERPILLAR INC	CAT	1,146	$275,141	0.06%
147	CVS HEALTH CORP	CVS	2,923	$272,394	0.06%
148	ISHARES TR	464287507	1,105	$267,281	0.06%
149	FIDELITY COVINGTON TRUST	316092832	6,630	$264,172	0.06%
150	BERKSHIRE HATHAWAY INC DEL	BRK-A	853	$263,492	0.06%
151	GENERAL MLS INC	370334104	3,122	$261,764	0.05%
152	VANGUARD TAX-MANAGED FDS	921943858	6,222	$261,136	0.05%
153	SYNOPSYS INC	SNPS	810	$258,626	0.05%
154	BANK OF MONTREAL	06368B504	12,961	$250,536	0.05%
155	FIRST TR EXCHANGE TRADED FD	33733B100	3,131	$248,479	0.05%
156	FAIR ISAAC CORP	FICO	415	$248,411	0.05%
157	VANGUARD SPECIALIZED FUNDS	921908844	1,616	$245,447	0.05%
158	ISHARES TR	464288653	2,250	$244,088	0.05%
159	BOEING CO	BA-PA	1,267	$241,351	0.05%
160	NVIDIA CORPORATION	NVDA	1,646	$240,586	0.05%
161	VANGUARD SCOTTSDALE FDS	92206C870	3,096	$239,982	0.05%
162	ALPHABET INC	GOOG	2,683	$238,059	0.05%
163	INVESCO EXCHANGE TRADED FD T	IVZ	862	$237,900	0.05%
164	SPDR SER TR	78464A649	9,068	$227,870	0.05%
165	ISHARES TR	464288810	4,254	$223,856	0.05%
166	CHARGEPOINT HOLDINGS INC	CHPT	23,050	$219,667	0.05%
167	FASTENAL CO	FAST	4,578	$216,622	0.05%
168	PHILLIPS EDISON & CO INC	PECO	6,800	$216,510	0.05%
169	STERIS PLC	STE	1,172	$216,446	0.05%
170	ISHARES TR	46432F859	4,648	$215,827	0.05%
171	ISHARES TR	464287150	2,541	$215,544	0.05%
172	PAYCOM SOFTWARE INC	PAYC	690	$214,114	0.04%
173	PROSHARES TR	74348A467	2,304	$207,337	0.04%
174	ISHARES TR	464287697	2,378	$205,846	0.04%
175	META PLATFORMS INC	META	1,709	$205,662	0.04%
176	SPDR SER TR	78464A284	4,174	$204,397	0.04%
177	UNITED AIRLS HLDGS INC	UNTCW	5,350	$201,695	0.04%
178	VANGUARD INDEX FDS	922908652	1,511	$200,772	0.04%
179	POLESTAR AUTOMOTIVE HLDG UK	731105201	37,500	$199,125	0.04%
180	NUVEEN REAL ASSET INCOME & G	67074Y105	14,806	$173,235	0.04%
181	JOBY AVIATION INC	JOBY-WT	49,400	$165,490	0.03%
182	BLACKROCK MUNIHLDGS NJ QLTY	BLK	12,268	$135,803	0.03%
183	ETF MANAGERS TR	26924G508	14,950	$63,687	0.01%
184	AURORA CANNABIS INC	ACB	46,820	$43,192	0.01%
185	TELLURIAN INC NEW	87968A104	15,000	$25,200	0.01%
186	BITNILE HOLDINGS INC	09175M101	38,500	$4,718	0.00%