Managers / Q4 2022 · view latest →

Family Firm, Inc.

CIK 0001602603 · 4800 HAMPDEN LANE, #520, BETHESDA, MD, 20814 · 301-656-3999

Reported Value

$342M

Q4 2022

Positions

178

Filings on Record

2019–present window

Filed

Feb 7, 2023

original filing

Summary

Family Firm, Inc. reported $342M in U.S.-listed holdings across 178 positions for Q4 2022.

Its largest position, IWV, represents 14.1% of the portfolio.

Compared with Q3 2022, the fund opened 14 new positions and exited 10.

Portfolio Metrics

Turnover

+5.0%

vs prior filed quarter

Top-10 Concentration

+45.4%

share of reported value

Largest Position

+14.1%

Ishares Russell 3000 Etf

New / Exited

14 / 10

positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value

Portfolio Composition

By security type

ETP · 84.0% · $287M
Common Stock · 12.1% · $41M
Closed-End Fund · 2.5% · $9M
Other · 1.4% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
AFL AFLAC INC COM	NEW	+36.1K	36.1K	+$3M	$3M
IBM INTERNATIONAL BUSINESS MACHS COM	NEW	+6.7K	6.7K	+$940,289	$940,289
GPN GLOBAL PMTS INC COM	NEW	+7.1K	7.1K	+$709,434	$709,434
EMR EMERSON ELEC CO COM	NEW	+7.2K	7.2K	+$695,521	$695,521
PAYX PAYCHEX INC COM	NEW	+5.1K	5.1K	+$587,479	$587,479
CINF CINCINNATI FINL CORP COM	NEW	+5.1K	5.1K	+$525,447	$525,447
XBI SPDR S&P BIOTECH ETF	NEW	+5.0K	5.0K	+$417,822	$417,822
KMB KIMBERLY-CLARK CORP COM	NEW	+3.0K	3.0K	+$402,173	$402,173

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2022

177 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	IWV ISHARES RUSSELL 3000 ETF history →	ETF	14.08%	$48M	218.2K
2	VEA VANGUARD FTSE DEVELOPED MARKETS ETF history →	ETF	7.52%	$26M	612.5K
3	BND VANGUARD TOTAL BOND MARKET ETF history →	ETF	5.92%	$20M	281.7K
4	STIP ISHARES 0-5 YEAR TIPS BOND ETF history →	ETF	3.48%	$12M	122.7K
5	IVV ISHARES CORE S&P 500 ETF history →	ETF	3.00%	$10M	26.7K
6	IGE ISHARES NORTH AMERICAN NATURAL RESOURCES ETF history →	ETF	2.95%	$10M	247.8K
7	TIP ISHARES TIPS BOND ETF history →	ETF	2.73%	$9M	87.8K
8	VTHR VANGUARD RUSSELL 3000 ETF history →	ETF	1.98%	$7M	39.4K
9	FLTR VANECK IG FLOATING RATE ETF history →	ETF	1.93%	$7M	264.6K
10	IJS ISHARES S&P SMALL-CAP 600 VALUE ETF history →	ETF	1.88%	$6M	70.3K
11	IGOV ISHARES INTERNATIONAL TREASURY BOND ETF history →	ETF	1.54%	$5M	134.6K
12	AAPL APPLE INC COM history →	Stock	1.54%	$5M	40.5K
13	VNQ VANGUARD REAL ESTATE ETF history →	ETF	1.39%	$5M	57.8K
14	SCHB SCHWAB U.S. BROAD MARKET ETF history →	ETF	1.37%	$5M	104.9K
15	TOTL SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF history →	ETF	1.36%	$5M	116.1K
16	AGG ISHARES CORE U.S. AGGREGATE BOND ETF history →	ETF	1.35%	$5M	47.5K
17	WIP SPDR FTSE INTERNATIONAL GOVERNMENT INFLATION-PROTECTED BOND ETF history →	ETF	1.29%	$4M	107.1K
18	IXC ISHARES GLOBAL ENERGY ETF history →	ETF	1.27%	$4M	111.6K
19	VOOV VANGUARD S&P 500 VALUE ETF history →	ETF	1.20%	$4M	29.3K
20	VWO VANGUARD FTSE EMERGING MARKETS ETF history →	ETF	1.20%	$4M	105.1K
21	EFA ISHARES MSCI EAFE ETF history →	ETF	1.10%	$4M	57.2K
22	VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP ETF	ETF	1.02%	$3M	33.8K
23	IVW ISHARES S&P 500 GROWTH ETF	ETF	0.95%	$3M	55.5K
24	TEMPLETON GLOBAL INCOME FD COM	CEF	0.91%	$3M	718.9K
25	VDE VANGUARD ENERGY ETF	ETF	0.91%	$3M	25.6K
26	SCHA SCHWAB U.S. SMALL-CAP ETF	ETF	0.90%	$3M	76.0K
27	IJR ISHARES CORE S&P SMALL CAP ETF	ETF	0.89%	$3M	32.3K
28	GOOGL ALPHABET INC CAP STK CL A	Stock	0.89%	$3M	34.4K
29	IEV ISHARES EUROPE ETF	ETF	0.84%	$3M	63.5K
30	ICF ISHARES COHEN & STEERS REIT ETF	ETF	0.78%	$3M	48.6K
31	AFL AFLAC INC COM	Stock	0.76%	$3M	36.1K
32	IWB ISHARES RUSSELL 1000 ETF	ETF	0.71%	$2M	11.5K
33	SHY ISHARES 1-3 YEAR TREASURY BOND ETF	ETF	0.66%	$2M	27.8K
34	PBW INVESCO WILDERHILL CLEAN ENERGY ETF	ETF	0.66%	$2M	58.8K
35	RMT ROYCE MICRO-CAP TR INC COM	CEF	0.65%	$2M	256.5K
36	IJJ ISHARES S&P MID-CAP 400 VALUE ETF	ETF	0.62%	$2M	20.9K
37	IYG ISHARES US FINANCIAL SERVICES ETF	ETF	0.60%	$2M	13.1K
38	BHK BLACKROCK CORE BD TR SHS BEN INT	CEF	0.60%	$2M	198.5K
39	EMF TEMPLETON EMERGING MKTS FD COM	CEF	0.60%	$2M	178.4K
40	BOND PIMCO ACTIVE BOND ETF	ETF	0.57%	$2M	21.6K
41	IJT ISHARES S&P SMALL-CAP 600 GROWTH ETF	ETF	0.56%	$2M	17.7K
42	XFFCX FLAHERTY & CRUMRINE PFD SECS I COM	CEF	0.55%	$2M	125.5K
43	IDU ISHARES U.S. UTILITIES ETF	ETF	0.55%	$2M	21.7K
44	IFGL ISHARES INTERNATIONAL DEVELOPED REAL ESTATE ETF	ETF	0.55%	$2M	89.3K
45	IEF ISHARES 7-10 YEAR TREASURY BOND ETF	ETF	0.52%	$2M	18.7K
46	XLE ENERGY SELECT SECTOR SPDR FUND	ETF	0.48%	$2M	18.7K
47	ABRDN ASIA PACIFIC INCOME FUND COM	CEF	0.46%	$2M	594.6K
48	MSFT MICROSOFT CORP COM	Stock	0.45%	$2M	6.4K
49	IVE ISHARES S&P 500 VALUE ETF	ETF	0.44%	$1M	10.3K
50	IJH ISHARES CORE S&P MID-CAP ETF	ETF	0.43%	$1M	6.0K
51	IXJ ISHARES GLOBAL HEALTHCARE ETF	ETF	0.42%	$1M	17.1K
52	PICK ISHARES MSCI GLOBAL METALS & MINING PRODUCERS ETF	ETF	0.42%	$1M	34.9K
53	IUSG ISHARES CORE S&P U.S. GROWTH ETF	ETF	0.41%	$1M	17.2K
54	IWC ISHARES MICRO-CAP ETF	ETF	0.41%	$1M	12.9K
55	IBB ISHARES BIOTECHNOLOGY ETF	ETF	0.40%	$1M	10.5K
56	VBR VANGUARD SMALL CAP VALUE ETF	ETF	0.40%	$1M	8.7K
57	EEM ISHARES MSCI EMERGING MARKETS ETF	ETF	0.39%	$1M	35.4K
58	IWN ISHARES RUSSELL 2000 VALUE ETF	ETF	0.38%	$1M	9.3K
59	VTI VANGUARD TOTAL STOCK MARKET ETF	ETF	0.37%	$1M	6.6K
60	SCZ ISHARES MSCI EAFE SMALL-CAP ETF	ETF	0.36%	$1M	21.7K
61	PG PROCTER AND GAMBLE CO COM	Stock	0.34%	$1M	7.6K
62	NVDA NVIDIA CORPORATION COM	Stock	0.33%	$1M	7.6K
63	EXMOC EXXON MOBIL CORP COM	Stock	0.32%	$1M	10.0K
64	VB VANGUARD SMALL-CAP ETF	ETF	0.32%	$1M	5.9K
65	ISHG ISHARES 1-3 YEAR INTERNATIONAL TREASURY BOND ETF	ETF	0.32%	$1M	15.7K
66	XME SPDR S&P METALS & MINING ETF	ETF	0.31%	$1M	21.0K
67	EWC ISHARES MSCI CANADA ETF	ETF	0.31%	$1M	31.9K
68	IWM ISHARES RUSSELL 2000 ETF	ETF	0.30%	$1M	6.0K
69	IJK ISHARES S&P MID-CAP 400 GROWTH ETF	ETF	0.30%	$1M	15.0K
70	IGM ISHARES EXPANDED TECH SECTOR ETF	ETF	0.28%	$940,940	3.4K
71	IBM INTERNATIONAL BUSINESS MACHS COM	Stock	0.27%	$940,289	6.7K
72	PEP PEPSICO INC COM	Stock	0.27%	$907,276	5.0K
73	TLT ISHARES 20 YEAR TREASURY BOND ETF	ETF	0.26%	$883,320	8.9K
74	IAT ISHARES U.S. REGIONAL BANKS ETF	ETF	0.26%	$880,723	18.5K
75	ITB ISHARES U.S. HOME CONSTRUCTION ETF	ETF	0.25%	$857,893	14.2K
76	BRK/B BERKSHIRE HATHAWAY INC DEL CL B NEW	Stock	0.25%	$847,676	33.5K
77	RING ISHARES MSCI GLOBAL GOLD MINERS ETF	ETF	0.24%	$819,987	36.7K
78	JPXN ISHARES JPX-NIKKEI 400 ETF	ETF	0.23%	$773,119	13.3K
79	ABBV ABBVIE INC COM	Stock	0.22%	$745,969	4.6K
80	COST COSTCO WHSL CORP NEW COM	Stock	0.22%	$742,557	1.6K
81	IYE ISHARES U.S. ENERGY ETF	ETF	0.21%	$727,121	15.6K
82	MRK MERCK & CO INC COM	Stock	0.21%	$715,051	6.4K
83	PFE PFIZER INC COM	Stock	0.21%	$714,295	13.9K
84	GPN GLOBAL PMTS INC COM	Stock	0.21%	$709,434	7.1K
85	TAN INVESCO SOLAR ETF	ETF	0.21%	$707,555	9.7K
86	VGK VANGUARD FTSE EUROPE ETF	ETF	0.20%	$698,184	12.6K
87	EMR EMERSON ELEC CO COM	Stock	0.20%	$695,521	7.2K
88	XLY CONSUMER DISCRETIONARY SELECT SECTOR SPDR FUND	ETF	0.20%	$683,429	5.3K
89	GOVT ISHARES U.S. TREASURY BOND ETF	ETF	0.20%	$677,169	29.8K
90	EWZ ISHARES MSCI BRAZIL ETF	ETF	0.20%	$671,109	24.0K
91	IHE ISHARES U.S. PHARMACEUTICALS ETF	ETF	0.19%	$644,948	3.5K
92	ILF ISHARES LATIN AMERICA 40 ETF	ETF	0.19%	$644,848	28.2K
93	PAYX PAYCHEX INC COM	Stock	0.17%	$587,479	5.1K
94	JPM JPMORGAN CHASE & CO COM	Stock	0.17%	$575,322	4.3K
95	COP CONOCOPHILLIPS COM	Stock	0.17%	$569,751	4.8K
96	JNJ JOHNSON & JOHNSON COM	Stock	0.16%	$561,718	3.2K
97	AMZN AMAZON COM INC COM	Stock	0.16%	$557,755	6.6K
98	CINF CINCINNATI FINL CORP COM	Stock	0.15%	$525,447	5.1K
99	VT VANGUARD TOTAL WORLD STOCK ETF	ETF	0.15%	$514,763	6.0K
100	BA BOEING CO COM	Stock	0.15%	$511,336	2.7K

Filing History

Quarter	Reported Value	Positions	Filed	Type	Links
Q2 2025	$415M	87	Aug 8, 2025	13F-HR	changes · EDGAR ↗
Q1 2025	$448M	214	May 1, 2025	13F-HR	changes · EDGAR ↗
Q4 2024	$450M	212	Feb 10, 2025	13F-HR	changes · EDGAR ↗
Q3 2024	$457M	211	Oct 17, 2024	13F-HR	changes · EDGAR ↗
Q2 2024	$448M	892	Jul 24, 2024	13F-HR	changes · EDGAR ↗
Q1 2024	$410M	196	May 1, 2024	13F-HR	changes · EDGAR ↗
Q4 2023	$388M	188	Feb 5, 2024	13F-HR	changes · EDGAR ↗
Q3 2023	$356M	174	Oct 19, 2023	13F-HR	changes · EDGAR ↗
Q2 2023	$378M	184	Aug 8, 2023	13F-HR	changes · EDGAR ↗
Q1 2023	$361M	180	May 1, 2023	13F-HR	changes · EDGAR ↗
Q4 2022	$342M	178	Feb 7, 2023	13F-HR	changes · EDGAR ↗
Q3 2022	$382M	174	Nov 30, 2022	RESTATEMENT	changes · EDGAR ↗
Q2 2022	$387M	180	Jul 29, 2022	13F-HR	changes · EDGAR ↗
Q1 2022	$387M	180	May 9, 2022	13F-HR	changes · EDGAR ↗
Q4 2021	$387M	180	Feb 2, 2022	13F-HR	changes · EDGAR ↗
Q3 2021	$380M	178	Oct 22, 2021	13F-HR	changes · EDGAR ↗
Q2 2021	$367M	174	Jul 21, 2021	13F-HR	changes · EDGAR ↗
Q1 2021	$346M	171	May 6, 2021	13F-HR	changes · EDGAR ↗
Q4 2020	$336M	166	Jan 20, 2021	13F-HR	changes · EDGAR ↗
Q3 2020	$279M	141	Nov 4, 2020	13F-HR	changes · EDGAR ↗
Q2 2020	$267M	139	Aug 10, 2020	13F-HR	changes · EDGAR ↗
Q1 2020	$235M	129	Apr 29, 2020	13F-HR	changes · EDGAR ↗
Q4 2019	$295M	147	Feb 4, 2020	13F-HR	changes · EDGAR ↗
Q3 2019	$282M	140	Nov 12, 2019	13F-HR	changes · EDGAR ↗
Q2 2019	$283M	141	Aug 6, 2019	13F-HR	changes · EDGAR ↗
Q1 2019	$275M	138	May 6, 2019	13F-HR	changes · EDGAR ↗
Q4 2018	$250M	132	Feb 5, 2019	13F-HR	changes · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.