Institutional Manager · CIK 0000712011

PLANNING ALTERNATIVES LTD /ADV

BIRMINGHAM, MI · File #028-15145

Latest AUM

$793.9M

Positions

Top-10 Concentration

88.0%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	ISHARES TR	464287200	-5,314	-$3.6M	+$6.6M
REDUCE	VANGUARD TAX-MANAGED FDS	921943858	-18,175	-$1.1M	+$3.3M
REDUCE	COMPASS INC	COMP	-89,560	-$946,649	+$354,482
NEW	INTUITIVE SURGICAL INC	ISRG	+1,340	+$758,923	$0
ADD	INVESCO EXCH TRADED FD TR II	IVZ	+6,314	+$753,386	-$1.0M
REDUCE	SPDR S&P 500 ETF TR	SPY	-1,088	-$741,920	+$274,962
ADD	ISHARES TR	46432F842	+7,569	+$677,123	+$15,089
ADD	VISA INC	V	+1,850	+$648,814	+$8,826
NEW	MOODYS CORP	MCO	+1,215	+$620,683	$0
REDUCE	META PLATFORMS INC	META	-809	-$534,014	-$115,668

Sector Allocation

Financials

9.8%$77.4M

Technology

3.5%$28.0M

Healthcare

0.5%$3.9M

Consumer Discretionary

0.4%$3.4M

Industrials

0.2%$1.5M

Communication Services

0.1%$918,294

0.1%$850,099

0.1%$528,500

0.1%$445,801

0.0%$283,123

Filing History

Feb 6, 202613F HOLDINGS REPORTQ/E Dec 202598 pos · $793.9M
Nov 12, 202513F HOLDINGS REPORTQ/E Sep 202588 pos · $778.7M
Aug 12, 202513F HOLDINGS REPORTQ/E Jun 202580 pos · $718.6M
May 9, 202513F HOLDINGS REPORTQ/E Mar 202576 pos · $652.3M
Feb 6, 202513F HOLDINGS REPORTQ/E Dec 202461 pos · $650.5M
Nov 12, 202413F HOLDINGS REPORTQ/E Sep 202458 pos · $657.0M
Jul 25, 202413F HOLDINGS REPORTQ/E Jun 202458 pos · $617.6M
Apr 17, 202413F HOLDINGS REPORTQ/E Mar 202449 pos · $608.5M
Oct 17, 202313F HOLDINGS REPORTQ/E Dec 202346 pos · $516.0M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464287200	414,533	$283.9M	36.51%
2	ISHARES TR	464287507	1,273,105	$84.0M	10.80%
3	VANGUARD TAX-MANAGED FDS	921943858	1,285,360	$80.3M	10.32%
4	INVESCO EXCH TRADED FD TR II	IVZ	605,494	$72.2M	9.29%
5	VANGUARD SPECIALIZED FUNDS	921908844	267,563	$58.8M	7.56%
6	ISHARES TR	464287804	348,630	$41.9M	5.39%
7	VANGUARD INDEX FDS	922908736	36,494	$17.8M	2.29%
8	APPLE INC	AAPL	61,329	$16.7M	2.14%
9	SCHWAB STRATEGIC TR	808524805	674,054	$16.2M	2.08%
10	COLUMBIA ETF TR II	19762B202	324,397	$12.4M	1.60%
11	SPDR S&P 500 ETF TR	SPY	16,374	$11.2M	1.44%
12	SCHWAB STRATEGIC TR	808524201	354,436	$9.5M	1.23%
13	VANGUARD INDEX FDS	922908744	45,331	$8.7M	1.11%
14	ISHARES TR	46435G425	35,770	$5.3M	0.69%
15	VANGUARD INDEX FDS	922908363	7,257	$4.6M	0.59%
16	MICROSOFT CORP	MSFT	9,059	$4.4M	0.56%
17	SCHWAB STRATEGIC TR	808524102	159,117	$4.2M	0.54%
18	NVIDIA CORPORATION	NVDA	19,905	$3.7M	0.48%
19	ISHARES TR	464287689	7,556	$2.9M	0.38%
20	ISHARES TR	46435U549	46,782	$2.2M	0.29%