13F HOLDINGS REPORT

Financial Advocates Investment Management

Quarter ended Q3 2025 · Filed November 6, 2025 · Accession 0001730293-25-000007

Total Value

$177.9M

Positions

104

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (104)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	APPLE INC	AAPL	71,372	$18.2M	10.22%
2	SPDR GOLD TR	GLD	21,837	$7.8M	4.36%
3	ISHARES TR	464289859	71,608	$6.3M	3.55%
4	PIMCO ETF TR	72201R833	59,889	$6.0M	3.39%
5	ISHARES TR	464287200	8,485	$5.7M	3.19%
6	ISHARES TR	46434V613	101,424	$4.7M	2.66%
7	INVESCO EXCHANGE TRADED FD T	IVZ	80,409	$4.6M	2.60%
8	PACER FDS TR	69374H105	82,362	$4.5M	2.54%
9	ISHARES TR	464289875	93,348	$4.4M	2.50%
10	ISHARES TR	464288760	19,979	$4.2M	2.35%
11	VANGUARD INDEX FDS	922908769	12,358	$4.1M	2.28%
12	SPDR S&P 500 ETF TR	SPY	5,931	$4.0M	2.22%
13	J P MORGAN EXCHANGE TRADED F	46654Q609	41,414	$3.9M	2.18%
14	VANGUARD BD INDEX FDS	921937835	49,253	$3.7M	2.06%
15	INVESCO EXCH TRADED FD TR II	IVZ	30,187	$3.7M	2.05%
16	VANGUARD WORLD FD	92204A876	16,395	$3.1M	1.75%
17	BLACKROCK ETF TRUST	BLK	50,979	$3.0M	1.70%
18	ISHARES TR	464287309	24,989	$3.0M	1.70%
19	INVESCO EXCH TRADED FD TR II	IVZ	12,012	$3.0M	1.67%
20	ISHARES TR	464288414	27,564	$2.9M	1.65%
21	ETF SER SOLUTIONS	26922A594	79,724	$2.8M	1.56%
22	ISHARES TR	464288646	51,395	$2.7M	1.53%
23	ISHARES TR	464288877	37,332	$2.5M	1.42%
24	ISHARES SILVER TR	SLV	57,484	$2.4M	1.37%
25	MICROSOFT CORP	MSFT	4,562	$2.4M	1.33%
26	ISHARES TR	464287440	24,395	$2.4M	1.32%
27	ISHARES TR	46432F339	12,028	$2.3M	1.32%
28	ISHARES TR	46429B697	21,568	$2.2M	1.25%
29	ISHARES TR	464287408	10,181	$2.1M	1.18%
30	ISHARES TR	464287101	6,106	$2.0M	1.14%
31	ISHARES INC	46434G103	29,509	$1.9M	1.09%
32	META PLATFORMS INC	META	2,343	$1.7M	0.97%
33	ALPHABET INC	GOOG	7,052	$1.7M	0.97%
34	SPROTT PHYSICAL SILVER TR	SII	105,499	$1.7M	0.93%
35	PIMCO ETF TR	72201R882	22,499	$1.5M	0.86%
36	NVIDIA CORPORATION	NVDA	8,160	$1.5M	0.86%
37	ISHARES TR	464288588	15,174	$1.4M	0.81%
38	AMAZON COM INC	AMZN	6,391	$1.4M	0.79%
39	ISHARES TR	46429B747	13,137	$1.4M	0.76%
40	PACER FDS TR	69374H881	22,885	$1.3M	0.74%
41	VANGUARD INDEX FDS	922908553	14,009	$1.3M	0.72%
42	VANECK ETF TRUST	92189F106	16,749	$1.3M	0.72%
43	BLACKROCK ETF TRUST	BLK	33,078	$1.3M	0.70%
44	VANGUARD WHITEHALL FDS	921946406	8,265	$1.2M	0.65%
45	BLACKROCK ETF TRUST II	BLK	20,628	$1.1M	0.62%
46	VANGUARD STAR FDS	921909768	14,356	$1.1M	0.59%
47	SELECT SECTOR SPDR TR	81369Y209	7,519	$1.0M	0.59%
48	VANGUARD INDEX FDS	922908751	4,100	$1.0M	0.59%
49	ALPHABET INC	GOOG	4,286	$1.0M	0.59%
50	VANGUARD WORLD FD	921910816	2,381	$958,162	0.54%
51	ISHARES GOLD TR	IAU	13,084	$952,122	0.54%
52	ISHARES TR	464287432	10,091	$901,833	0.51%
53	ISHARES TR	46435G672	17,430	$892,939	0.50%
54	BLACKROCK ETF TRUST	BLK	25,502	$871,149	0.49%
55	CAPITAL GROUP DIVIDEND VALUE	14020W106	20,045	$842,478	0.47%
56	AMPLIFY ETF TR	032108664	9,411	$816,875	0.46%
57	TESLA INC	TSLA	1,830	$813,837	0.46%
58	ISHARES TR	464287721	4,084	$799,819	0.45%
59	J P MORGAN EXCHANGE TRADED F	46654Q724	12,294	$799,110	0.45%
60	VANGUARD INDEX FDS	922908363	1,296	$793,693	0.45%
61	PACER FDS TR	69374H857	17,700	$774,908	0.44%
62	CAPITAL GROUP GBL GROWTH EQT	14020X104	21,959	$750,339	0.42%
63	ISHARES TR	464287234	13,966	$745,758	0.42%
64	GOLDMAN SACHS ETF TR	NVGLF	7,294	$731,081	0.41%
65	VANGUARD INTL EQUITY INDEX F	922042858	13,239	$717,263	0.40%
66	VANGUARD INTL EQUITY INDEX F	922042775	10,030	$715,805	0.40%
67	INVESCO EXCHANGE TRADED FD T	IVZ	5,090	$688,310	0.39%
68	INVESCO QQQ TR	IVZ	1,102	$661,889	0.37%
69	ISHARES TR	46435U853	17,255	$651,895	0.37%
70	ISHARES TR	464288885	5,406	$615,648	0.35%
71	ISHARES TR	46434V456	2,320	$594,849	0.33%
72	COSTCO WHSL CORP NEW	22160K105	588	$543,951	0.31%
73	VANGUARD SPECIALIZED FUNDS	921908844	2,350	$507,191	0.29%
74	VISA INC	V	1,431	$488,721	0.27%
75	SCHWAB STRATEGIC TR	808524300	13,794	$440,154	0.25%
76	SELECT SECTOR SPDR TR	81369Y308	5,357	$419,787	0.24%
77	AMERICAN CENTY ETF TR	025072307	3,650	$417,560	0.23%
78	BLACKROCK ETF TRUST II	BLK	7,946	$390,873	0.22%
79	ISHARES TR	464288281	4,099	$390,152	0.22%
80	ISHARES TR	464289438	1,394	$381,399	0.21%
81	FRANKLIN TEMPLETON ETF TR	FGDL	15,143	$375,094	0.21%
82	BERKSHIRE HATHAWAY INC DEL	BRK-A	711	$357,448	0.20%
83	ISHARES BITCOIN TRUST ETF	IBIT	5,113	$332,345	0.19%
84	DIMENSIONAL ETF TRUST	25434V708	8,488	$327,382	0.18%
85	SELECT SECTOR SPDR TR	81369Y506	3,431	$306,525	0.17%
86	ISHARES TR	46429B267	12,930	$298,940	0.17%
87	WISDOMTREE TR	WT	7,256	$289,363	0.16%
88	ISHARES TR	464288372	5,132	$288,896	0.16%
89	PACER FDS TR	69374H360	7,810	$283,505	0.16%
90	VANGUARD BD INDEX FDS	921937827	3,358	$264,979	0.15%
91	NETFLIX INC	NFLX	218	$261,365	0.15%
92	PIMCO ETF TR	72201R585	9,625	$258,335	0.15%
93	SCHWAB STRATEGIC TR	808524201	9,595	$252,731	0.14%
94	ORACLE CORP	ORCL-PD	887	$249,460	0.14%
95	CINTAS CORP	CTAS	1,200	$246,394	0.14%
96	RTX CORPORATION	RTX	1,397	$233,760	0.13%
97	PULTE GROUP INC	745867101	1,754	$231,756	0.13%
98	MARATHON PETE CORP	MARA	1,190	$229,361	0.13%
99	ISHARES TR	464287614	480	$224,837	0.13%
100	AMERICAN CENTY ETF TR	025072794	2,929	$216,016	0.12%
101	J P MORGAN EXCHANGE TRADED F	46641Q845	4,314	$214,861	0.12%
102	MASTERCARD INCORPORATED	MA	373	$211,906	0.12%
103	VANGUARD INDEX FDS	922908629	691	$202,975	0.11%
104	DIMENSIONAL ETF TRUST	25434V880	6,401	$200,863	0.11%