SEC 13F Intelligence

Managers / Q4 2023 · view latest →

SMI Advisory Services, LLC

CIK 0001609008 · P.O. BOX 547, COLUMBUS, IN, 47202 · 800-910-3651

Reported Value
$395M
Q4 2023
Positions
78
Filings on Record
21
2019–present window
Filed
Jan 12, 2024
original filing

Summary

Smi Advisory Services, LLC reported $395M in U.S.-listed holdings across 78 positions for Q4 2023.

Its largest position, Spdr S P 500 Etf Tr, represents 12.6% of the portfolio.

Compared with Q3 2023, the fund opened 24 new positions and exited 9.

Portfolio Metrics

Turnover
+37.7%
vs prior filed quarter
Top-10 Concentration
+68.1%
share of reported value
Largest Position
+12.6%
Spdr S P 500 Etf Tr
New / Exited
24 / 9
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. 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
Q1 ’21: $220MQ1 ’21Q2 ’21: $233MQ3 ’21: $223MQ4 ’21: $263MQ4 ’21Q1 ’22: $286MQ2 ’22: $280MQ3 ’22: $308MQ3 ’22Q4 ’22: $309MQ1 ’23: $299MQ3 ’23: $274MQ3 ’23Q4 ’23: $395MQ1 ’24: $356MQ2 ’24: $404MQ2 ’24Q3 ’24: $452MQ4 ’24: $433MQ1 ’25: $442MQ1 ’25Q2 ’25: $518MQ3 ’25: $529MQ4 ’25: $580MQ4 ’25Q1 ’26: $607MQ2 ’26: $617Mfilingsflow.com

Portfolio Composition

By security type
ETP: 95.9%Closed-End Fund: 3.6%Common Stock: 0.4%US DOMESTIC: 0.1%
  • ETP · 95.9% · $379M
  • Closed-End Fund · 3.6% · $14M
  • Common Stock · 0.4% · $2M
  • US DOMESTIC · 0.1% · $259,215

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
INNOVATOR ETFS TRNEW+2.20M2.20M+$56M$56M
ISHARES TRNEW+412.9K412.9K+$45M$45M
VANGUARD BD INDEX FDSNEW+308.7K308.7K+$24M$24M
INNOVATOR ETFS TRNEW+596.6K596.6K+$20M$20M
VANGUARD INDEX FDSNEW+201.3K201.3K+$17M$17M
SPDR INDEX SHS FDSNEW+322.8K322.8K+$10M$10M
ISHARES TRNEW+49.6K49.6K+$5M$5M
SPDR SER TRNEW+29.7K29.7K+$5M$5M

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

Holdings — Q4 2023

14 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRIBOXX INV CP ETF · RUS 1000 GRW ETF · 1 3 YR TREAS BD · CORE S&P500 ETF · EXPANDED TECH · US HOME CONS ETF · RUS 1000 ETF · RUS MID CAP ETF31.06%$123M888.0K
2INNOVATOR ETFS TRINTRNL DEV APRL · US SML CP PWR B19.30%$76M2.80M
3SPDR S&P 500 ETF TRTR UNIT14.53%$57M120.6K
4VANGUARD INDEX FDSREAL ESTATE ETF · EXTEND MKT ETF · LARGE CAP ETF · S&P 500 ETF SHS6.94%$27M258.5K
5VANGUARD BD INDEX FDSINTERMED TERM · TOTAL BND MRKT6.18%$24M321.4K
6SPROTT FDS TRURANIUM MINERS E5.32%$21M402.3K
7SPROTT PHYSICAL GOLD TRUNIT3.61%$14M910.6K
8NDQINVESCO QQQ TRhistory →UNIT SER 12.80%$11M27.0K
9SPDR INDEX SHS FDSS&P EM MKT DIV · MSCI ACWI EXUS2.76%$11M345.2K
10SCHWAB STRATEGIC TRSHT TM US TRES · 1000 INDEX ETF2.15%$9M175.9K
11SPDR SER TRNYSE TECH ETF · PORTFOLIO SH TSR · PORTFOLIO S&P4001.62%$6M75.2K
12ARK ETF TRINNOVATION ETF1.18%$5M97.1K
13BSCOINVESCO EXCH TRD SLF IDX FDBULSHS 2024 CB · BULSHS 2025 CB0.56%$2M107.6K
14HUBBHUBBELL INCCOM0.35%$1M4.3K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2026$617M86Jul 9, 202613F-HRchanges · EDGAR ↗
Q1 2026$607M89Apr 7, 202613F-HRchanges · EDGAR ↗
Q4 2025$580M83Jan 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$529M75Oct 6, 202513F-HRchanges · EDGAR ↗
Q2 2025$518M69Jul 18, 202513F-HRchanges · EDGAR ↗
Q1 2025$442M55Apr 10, 202513F-HRchanges · EDGAR ↗
Q4 2024$433M67Jan 17, 202513F-HRchanges · EDGAR ↗
Q3 2024$452M89Oct 7, 202413F-HRchanges · EDGAR ↗
Q2 2024$404M94Jul 15, 202413F-HRchanges · EDGAR ↗
Q1 2024$356M77Apr 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$395M78Jan 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$274M43Nov 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$299M42Apr 11, 202313F-HRchanges · EDGAR ↗
Q4 2022$309M41Jan 3, 202313F-HRchanges · EDGAR ↗
Q3 2022$308M36Oct 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$280M39Aug 25, 202213F-HRchanges · EDGAR ↗
Q1 2022$286M35Apr 28, 202213F-HRchanges · EDGAR ↗
Q4 2021$263M34Jan 19, 202213F-HRchanges · EDGAR ↗
Q3 2021$223M27Oct 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$233M25Jul 23, 202113F-HRchanges · EDGAR ↗
Q1 2021$220M26May 12, 202113F-HRchanges · 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 ↗.