SEC 13F Intelligence

Managers / Q1 2023 · view latest →

RFG Advisory, LLC

CIK 0001633387 · 1400 URBAN CENTER DRIVE, SUITE 475, BIRMINGHAM, AL, 35242 · 205-397-2450

Reported Value
$2.0B
Q1 2023
Positions
629
Filings on Record
31
2019–present window
Filed
May 9, 2023
original filing

Summary

Rfg Advisory, LLC reported $2.0B in U.S.-listed holdings across 629 positions for Q1 2023.

Its largest position, Spdr, represents 6.5% of the portfolio.

Compared with Q4 2022, the fund opened 53 new positions and exited 36.

Portfolio Metrics

Turnover
+4.8%
vs prior filed quarter
Top-10 Concentration
+38.4%
share of reported value
Largest Position
+6.5%
Spdr
New / Exited
53 / 36
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
Q4 ’18: $407MQ4 ’18Q1 ’19: $392MQ2 ’19: $438MQ3 ’19: $503MQ4 ’19: $588MQ4 ’19Q1 ’20: $533MQ2 ’20: $643MQ3 ’20: $713MQ4 ’20: $764MQ4 ’20Q1 ’21: $918MQ2 ’21: $1.1BQ3 ’21: $1.2BQ4 ’21: $1.5BQ4 ’21Q1 ’22: $1.6BQ2 ’22: $1.7BQ3 ’22: $1.8BQ4 ’22: $2.0BQ4 ’22Q1 ’23: $2.0BQ2 ’23: $2.3BQ3 ’23: $2.2BQ4 ’23: $2.6BQ4 ’23Q1 ’24: $2.9BQ2 ’24: $3.1BQ3 ’24: $3.3BQ4 ’24: $3.5BQ4 ’24Q1 ’25: $3.7BQ2 ’25: $4.3BQ3 ’25: $4.8BQ4 ’25: $5.3BQ4 ’25Q1 ’26: $5.4Bfilingsflow.com

Portfolio Composition

By security type
ETP: 82.0%Common Stock: 15.4%Closed-End Fund: 1.5%REIT: 0.7%Other: 0.4%Other: 0.1%
  • ETP · 82.0% · $1.7B
  • Common Stock · 15.4% · $314M
  • Closed-End Fund · 1.5% · $30M
  • REIT · 0.7% · $13M
  • Other · 0.4% · $8M
  • Other · 0.1% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PIMCO ETF TRNEW+19.1K19.1K+$2M$2M
SSGA ACTIVE ETF TRNEW+23.7K23.7K+$974,410$974,410
TRGPTARGA RES CORPNEW+11.4K11.4K+$833,385$833,385
SCHWAB STRATEGIC TRNEW+14.4K14.4K+$728,002$728,002
VANGUARD INTL EQUITY INDEX FNEW+11.1K11.1K+$677,033$677,033
MKLMARKEL CORPNEW+510510+$651,479$651,479
XLCSELECT SECTOR SPDR TRNEW+10.4K10.4K+$601,052$601,052
INVESCO EXCH TRADED FD TR IINEW+4.2K4.2K+$556,496$556,496

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

Holdings — Q1 2023

24 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPDR SER TRPRTFLO S&P500 GW · PORTFOLI S&P1500 · PORTFOLIO S&P400 · PORTFOLIO LN TSR · PORTFOLIO S&P500 · BLOOMBERG HIGH Y · BLOOMBERG 1-3 MO · PORTFOLIO AGRGTE15.00%$306M6.34M
2ISHARES TRMSCI USA MMENTM · CORE S&P500 ETF · CORE TOTAL USD · MSCI USA QLT FCT · EAFE GRWTH ETF · EAFE VALUE ETF · CORE HIGH DV ETF · 1 3 YR TREAS BD · MBS ETF · CORE US AGGBD ET · ESG AWR MSCI USA9.62%$196M2.01M
3INVESCO EXCHANGE TRADED FD TFTSE RAFI 10006.45%$132M840.7K
4DFAXDIMENSIONAL ETF TRUSTWORLD EX US CORE · SHORT DURATION F · US CORE EQUITY 2 · US LARGE CAP VAL · GLOBAL SUSTAINA6.31%$129M4.90M
5VANGUARD BD INDEX FDSTOTAL BND MRKT5.66%$116M1.57M
6FIDELITY MERRIMACK STR TRTOTAL BD ETF5.24%$107M2.33M
7VUGVANGUARD INDEX FDSS&P 500 ETF SHS · GROWTH ETF · VALUE ETF · TOTAL STK MKT2.79%$57M250.0K
8SCHWAB STRATEGIC TRUS DIVIDEND EQ1.41%$29M393.5K
9JANUS DETROIT STR TRHENDRSON AAA CL1.32%$27M546.7K
10SELECT SECTOR SPDR TRSBI INT-INDS · SBI HEALTHCARE · TECHNOLOGY1.27%$26M213.9K
11AAPLAPPLE INChistory →COM1.27%$26M157.6K
12PIMCO ETF TRACTIVE BD ETF1.21%$25M267.0K
13XETYXEATON VANCE TAX-MANAGED DIVEhistory →COM0.82%$17M1.43M
14FIRST TR EXCH TRADED FD IIIMUNI HI INCM ETF0.62%$13M270.9K
15MSFTMICROSOFT CORPhistory →COM0.58%$12M40.8K
16FIRST TR EXCHNG TRADED FD VICBOE VEST US EQ0.47%$10M412.8K
17SCISERVICE CORP INTLCOM0.47%$10M140.4K
18VANGUARD SCOTTSDALE FDSSHRT TRM CORP BD0.42%$9M113.3K
19VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.41%$8M184.2K
20HDHOME DEPOT INCCOM0.39%$8M27.3K
21ISHARES INCCORE MSCI EMKT0.38%$8M158.3K
22NDQINVESCO QQQ TRUNIT SER 10.37%$8M23.7K
23RDVYFIRST TR EXCHANGE-TRADED FDRISNG DIVD ACHIV0.37%$7M166.9K
24SPDR INDEX SHS FDSPORTFOLIO DEVLPD0.36%$7M231.4K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$5.4B1,037Apr 20, 202613F-HRchanges · EDGAR ↗
Q4 2025$5.3B980Feb 3, 202613F-HRchanges · EDGAR ↗
Q3 2025$4.8B950Nov 6, 202513F-HRchanges · EDGAR ↗
Q2 2025$4.3B920Jul 28, 202513F-HRchanges · EDGAR ↗
Q1 2025$3.7B851Apr 9, 202513F-HRchanges · EDGAR ↗
Q4 2024$3.5B758Jan 21, 202513F-HRchanges · EDGAR ↗
Q3 2024$3.3B732Oct 17, 202413F-HRchanges · EDGAR ↗
Q2 2024$3.1B699Jul 15, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.9B711Apr 11, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.6B645Jan 25, 202413F-HRchanges · EDGAR ↗
Q3 2023$2.2B623Oct 16, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.3B631Aug 3, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.0B629May 9, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.0B612Feb 15, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.8B614Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.7B561Aug 9, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.6B508May 11, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.5B478Feb 2, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.2B420Oct 19, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.1B430Jul 29, 202113F-HRchanges · EDGAR ↗
Q1 2021$918M431Apr 19, 202113F-HRchanges · EDGAR ↗
Q4 2020$764M435Feb 2, 202113F-HRchanges · EDGAR ↗
Q3 2020$713M405Oct 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$643M391Aug 3, 202013F-HRchanges · EDGAR ↗
Q1 2020$533M350Apr 17, 202013F-HRchanges · EDGAR ↗
Q4 2019$588M367Jan 22, 202013F-HRchanges · EDGAR ↗
Q3 2019$503M336Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$438M322Aug 23, 2019RESTATEMENTchanges · EDGAR ↗
Q1 2019$392M276Apr 25, 201913F-HRchanges · EDGAR ↗
Q4 2018$407M428Feb 15, 201913F-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 ↗.